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KING GEORGE'S FIELD, MILE END

Registered charity 1077859 · accounts filings on the Charity Commission register · also known as KING GEORGE'S FIELDS STEPNEY · filing overdue (register status)

The maintenance of Mile End Park, and the other open spaces within King George's Field, Mile End, for the use and enjoyment of the public.

Causes: Amateur Sport · Environment/conservation/heritage · Get email alerts

Latest income
£1.4m
Latest spending
£1.4m
Registered
1999
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity's unrestricted funds are in a deficit of £58,068, driven by a significant revaluation loss on fixed assets. However, the sole trustee is the London Borough of Tower Hamlets, which meets the charity's net expenditure in full, securing its funding and eliminating the need for independent reserves. The trustees have developed a mitigation plan to reduce the negative balance over the next three to five years through cost savings and increased income generation.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Highest-paid employee band: £60,001 - £70,000 — below the median for charities its size (£70k)
“One employee received more than £60,000 in 2023/24 and one in 2022/23.”
Per its FY2024 accounts as filed with the Charity Commission.
Employees paid over £60,000: 1
“One employee received more than £60,000 in 2023/24 and one in 2022/23.”
Per its FY2024 accounts as filed with the Charity Commission.
Largest income source: Property rental income (38% of income)
“Property rental income 532,176” — page 32
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Arnold Hill & Co LLP. Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/03/2024)

Total income
£1.4m
Total spending
£1.4m
Reserves (reported)
£0
Employees
0

Reported reserves equal ~0.0 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Tower Hamlets

Income and spending

Financial year endIncomeSpending
31/03/2025——
31/03/2024£1.4m£1.4m
31/03/2023£1.2m£1.4m
31/03/2022£1.2m£1.3m
31/03/2021£1.2m£1.2m

Common questions

Is KING GEORGE'S FIELD, MILE END financially healthy?

Per its FY2024 accounts: The accounts state that the charity's unrestricted funds are in a deficit of £58,068, driven by a significant revaluation loss on fixed assets. However, the sole trustee is the London Borough of Tower Hamlets, which meets the charity's net expenditure in full, securing its funding and eliminating the need for independent reserves. The trustees have developed a mitigation plan to reduce the negative balance over the next three to five years through cost savings and increased income generation. Its FY2024 accounts were audited by Arnold Hill & Co LLP.

What does the highest-paid employee of KING GEORGE'S FIELD, MILE END earn?

Per its FY2024 accounts, the highest-paid employee was in the £60,001 - £70,000 band, and 1 employees earned over £60,000.