SILVERFIT LTD
To help & encourage mainly people over 50 to get active & fit (again) by providing exercise groups at various locations around London or referring via a website to exercise groups.
Objects
1. The promotion of physical activity and the promotion and provision of physical exercise opportunities with the object of improving the health and wellbeing, in particular but not exclusively, for those over 45 and those whose health, ethnicity and socio-economic circumstances might mean they need more help and encouragement to take part in physical activity.2. Such charitable purposes for the public benefit as are exclusively charitable according to the laws of England and Wales as the directors may from time to time determine.
Financial health, per its FY2025 accounts
The accounts state that the charity made a surplus of £18,969 for the year ended 31 May 2025, with total income of £135,213 against total expenditure of £116,244. Per the trustees' report, total reserves stood at £84,531, comprising £39,820 in unrestricted funds, which exceeds the stated policy target of three months' expenditure. The trustees confirm there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“Silverfit’s Trustees have set a reserves level equivalent to three months’ expenditure.”
“In addition to the transactions detailed in Note 6, the Charity received donations without any conditions from Trustees and Key Management Personnel of £9,800 (2024: £7,364) in aggregate.” — page 16
Policies the charity declares
- Bullying and harassment policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/05/2025
- Volunteers: 22
- Government income: £11,000 — contracts £11,000 (1); 8% of the £135,213 total gross income on the same return
Self-declared on the annual return for the financial year ending 31/05/2024
- Volunteers: 15
- Government income: £31,000 — contracts £11,000 (1), grants £20,000 (2); 24% of the £130,798 total gross income on the same return
Self-declared on the annual return for the financial year ending 31/05/2023
- Volunteers: 17
- Government income: £24,723 — contracts £11,000 (1), grants £13,723 (2); 20% of the £123,192 total gross income on the same return
Trustees
- Paul James Perrychair
- Catherine Jane Shelley
- Janet McHugh
- Perviz Qureshi
- Sarah Elizabeth Foxton
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/05/2025 | £135k | £116k |
| 31/05/2024 | £131k | £99k |
| 31/05/2023 | £123k | £177k |
| 31/05/2022 | £182k | £183k |
| 31/05/2021 | £133k | £133k |
Common questions
Is SILVERFIT LTD financially healthy?
Per its FY2025 accounts: The accounts state that the charity made a surplus of £18,969 for the year ended 31 May 2025, with total income of £135,213 against total expenditure of £116,244. Per the trustees' report, total reserves stood at £84,531, comprising £39,820 in unrestricted funds, which exceeds the stated policy target of three months' expenditure. The trustees confirm there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2025 accounts were independently examined.
Who funds SILVERFIT LTD?
Funders whose own accounts filings name SILVERFIT LTD as a grant recipient include UNITED ST SAVIOUR'S CHARITY, SOUTHWARK CHARITIES, LONDON CATALYST, BARCHESTER HEALTHCARE FOUNDATION.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| UNITED ST SAVIOUR'S CHARITY | FY2024 | £22k | Grant towards continuation and expansion of its exercise and fitness sessions for Southwark's older people |
| UNITED ST SAVIOUR'S CHARITY | FY2023 | £20k | Older people's fitness and exercise |
| UNITED ST SAVIOUR'S CHARITY | FY2022 | £20k | Large Grant |
| UNITED ST SAVIOUR'S CHARITY | FY2023 | £20k | Grant towards continuation and expansion of its exercise and fitness sessions for Southwark's older people |
| SOUTHWARK CHARITIES | FY2024 | £19k | |
| SOUTHWARK CHARITIES | FY2021 | £19k | |
| SOUTHWARK CHARITIES | FY2025 | £9k | Grants to Institutions |
| SOUTHWARK CHARITIES | FY2023 | £6k | Grants awarded to community organisations and charities |
| LONDON CATALYST | FY2022 | £4k | To provide physical activity sessions to older people based around Whitton community centre |
| SOUTHWARK CHARITIES | FY2022 | £1k | |
| BARCHESTER HEALTHCARE FOUNDATION | FY2022 | £1k | Tai Chi and Qigong lessons for the over 45s to improve health and wellbeing. |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 27/11/2024 | £19k | Silverfit Kingston |
| City Bridge Foundation | 02/11/2023 | £150k | Grant to Silverfit Ltd |
| The National Lottery Community Fund | 20/01/2023 | £10k | Fun with Silverfit at Crystal Palace |
| Sport England | 14/06/2022 | £6k | Jubilee Fund - Silverfit Burgess Park |
| Sport England | 14/10/2021 | £80k | Core Market Open Fund 1 |
| The National Lottery Community Fund | 13/08/2021 | £10k | Be Silverfit in Camden |
| Sport England | 04/02/2021 | £5k | COVID19 Return to Play |
| UK government | 03/07/2020 | £9k | Coronavirus Community Support Fund |
| The National Lottery Community Fund | 12/09/2019 | £10k | Silverfit Crystal Palace |
| The National Lottery Community Fund | 18/05/2018 | £9k | Silver Fridays Enfield |
| Sport England | 06/04/2018 | £127k | Core Market Open Fund 1 |
| The National Lottery Community Fund | 11/11/2015 | £9k | Silver Wednesday |
| Greater London Authority | 06/01/2015 | £1k | Grant to Silverfit Ltd |
| Sport England | 17/07/2013 | £10k | Silverfit Fitness & Fun Sessions |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE LONDON MARATHON CHARITABLE TRUST LIMITED | 1 | £71k |
| CHARITY OF SIR RICHARD WHITTINGTON | 1 | £48k |
| THE CATHERINE COOKSON CHARITABLE TRUST | 1 | £500 |
Charities like this
- SOMERSET ACTIVITY AND SPORTS PARTNERSHIP
- SILVER LEYS TRUST
- HIGH STREET FITNESS & WELLBEING
- FUTURE-FIT FOUNDATION
- CHALKHILL COMMUNITY CENTRE LTD
- SOUTH SHIELDS FC FOUNDATION LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| SILVERFIT LTD | £135k | — | 0 | above | — | no doubt |
| SOMERSET ACTIVITY AND SPORTS PARTNERSHIP | £3.3m | — | — | unclear | — | no doubt |
| SILVER LEYS TRUST | £39k | — | 0 | unclear | — | no doubt |
| HIGH STREET FITNESS & WELLBEING | £127k | — | 0 | below | — | no doubt |
| FUTURE-FIT FOUNDATION | £107k | — | 0 | within | — | no doubt |
| CHALKHILL COMMUNITY CENTRE LTD | £224k | — | 0 | unclear | — | no doubt |