ARACHNE GREEK CYPRIOT WOMEN'S GROUP
The charity promotes the benefit of Greek and Greek Cypriot women and children to advance education, provide facilities in the interest of social welfare for recreation and leisure time occupation to improve the conditions of life of the said women and children.
Objects
(1) TO PROMOTE THE BENEFIT OF THE INHABITANTS OF THE LONDON BOROUGH OF ISLINGTON AND THE SURROUNDING AREAS AND IN PARTICULAR GREEK AND GREEK CYPRIOT WOMEN AND CHILDREN BY ASSOCIATING TOGETHER THE SAID INHABITANTS AND THE LOCAL AUTHORITY, VOLUNTARY AND OTHER ORGANISATIONS IN A COMMON EFFORT TO ADVANCE EDUCATION, PROVIDE FACILITIES IN THE INTERESTS OF SOCIAL WELFARE FOR RECREATION AND LEISURE-TIME OCCUPATION WITH THE OBJECT OF IMPROVING THE CONDITIONS OF LIFE FOR THE SAID INHABITANTS; (2) TO ESTABLISH OR SECURE THE ESTABLISHMENT OF A COMMUNITY CENTRE AND TO MAINTAIN AND MANAGE THE SAME (WHETHER ALONE OR IN CO-OPERATION WITH ANY LOCAL AUTHORITY OR OTHER PERSON OR BODY) IN FURTHERANCE OF THESE OBJECTS; (3) THE RELIEF OF POVERTY OR SICKNESS AND THE DISTRESS ARISING THEREFROM AND THE PROTECTION AND PRESERVATION OF GOOD HEALTH.
Financial health, per its FY2025 accounts
The accounts state that the charity achieved a net income of £6,988 for the year ended 31 March 2025, with total income of £205,038 and total expenditure of £194,930. Per the trustees' report, free reserves stood at £180,731, which is below the stated policy target of six months' expenditure, although the total unrestricted fund balance including property is £1,180,731.
What the accounts disclose
“It is the policy of the that the free reserves to cover six month’s expenditure.” — page 14
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/03/2025
- Volunteers: 10
- Government income: £51,485 — grants £51,485 (5); 25% of the £205,038 total gross income on the same return
Self-declared on the annual return for the financial year ending 31/03/2024
- Volunteers: 9
- Government income: £46,049 — grants £46,049 (3); 24% of the £189,079 total gross income on the same return
Self-declared on the annual return for the financial year ending 31/03/2023
- Volunteers: 4
- Government income: £31,000 — grants £31,000 (1); 5% of the £662,590 total gross income on the same return
Corporate structure
- Registered company of the charity Companies House 03753032
Company officers (Companies House)
- GEORGOULA, Maria on trustee list
- SAVVA, Christalla on trustee list
- PAPAMICHAEL, Kiriakoula Sophie on trustee list
Structured financials (annual return, FY ending 31/03/2023)
Register events
- Received assets from another charity (23/03/2023)
Trustees
- CHRISTALLA SAVVAchair
- Elena Lambrou
- Helen Cylwik
- KIRIAKOULA SOPHIE PAPAMICHAEL
- MARIA GEORGOULA
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £205k | £198k |
| 31/03/2024 | £189k | £172k |
| 31/03/2023 | £663k | £128k |
| 31/03/2022 | £656k | £118k |
| 31/03/2021 | £194k | £157k |
Common questions
Is ARACHNE GREEK CYPRIOT WOMEN'S GROUP financially healthy?
Per its FY2025 accounts: The accounts state that the charity achieved a net income of £6,988 for the year ended 31 March 2025, with total income of £205,038 and total expenditure of £194,930. Per the trustees' report, free reserves stood at £180,731, which is below the stated policy target of six months' expenditure, although the total unrestricted fund balance including property is £1,180,731. Its FY2025 accounts were independently examined.
Who funds ARACHNE GREEK CYPRIOT WOMEN'S GROUP?
Funders whose own accounts filings name ARACHNE GREEK CYPRIOT WOMEN'S GROUP as a grant recipient include TRUST FOR LONDON.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| TRUST FOR LONDON | FY2024 | £103k | Improving social security |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Postcode Lottery | 08/10/2025 | £45k | Unrestricted Funding |
| The National Lottery Community Fund | 06/12/2024 | £18k | Empowering vulnerable women living in London with entry-level ESOL classes |
| Sport England | 16/09/2024 | £2k | Chair Fitness programme for older women in Islington |
| City Bridge Foundation | 15/09/2024 | £57k | Grant to Arachne Greek Cypriot Women's Group |
| UK government | 13/11/2023 | £10k | Community Engagement Fund |
| Postcode Lottery | 29/09/2023 | £20k | Project Funding |
| The National Lottery Community Fund | 24/03/2020 | £300k | 3 year chief executive |
| The National Lottery Community Fund | 02/04/2015 | £364k | Building and sustaining bridges of inclusion |
| City Bridge Foundation | 17/03/2011 | £35k | Grant to Arachne Greek Cypriot Women's Group |
| The National Lottery Community Fund | 10/02/2010 | £500k | Development and strengthen the community to improve life skills and health |
| City Bridge Foundation | 04/06/2009 | £46k | Grant to Arachne Greek Cypriot Women's Group |
| The National Lottery Community Fund | 23/11/2005 | £99k | Guidance and Support to Improve Life for Greek/Greek Cypriot Women |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| AKO FOUNDATION | 1 | £101k |
Charities like this
- THE GREEK CYPRIOT COMMUNITY TRUST
- TURKISH CYPRIOT WOMEN'S PROJECT
- Epione Wellbeing Centre
- ERITREAN COMMUNITY IN UK
- GREEK ORTHODOX COMMUNITY OF ST KATHERINE
- COMMUNITY OF AFRICAN WOMEN
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| ARACHNE GREEK CYPRIOT WOMEN'S GROUP | £205k | — | 0 | unclear | — | no doubt |
| THE GREEK CYPRIOT COMMUNITY TRUST | £84k | — | 0 | unclear | — | no doubt |
| TURKISH CYPRIOT WOMEN'S PROJECT | £116k | — | 0 | below | — | no doubt |
| Epione Wellbeing Centre | £55k | — | 0 | unclear | — | no doubt |
| ERITREAN COMMUNITY IN UK | £68k | — | 0 | unclear | — | no doubt |
| GREEK ORTHODOX COMMUNITY OF ST KATHERINE | £146k | — | 0 | unclear | — | no doubt |