ST MARGARET'S HOUSE
Multi-purpose community centre
Objects
1) TO PROVIDE A CENTRE OR CENTRES CONDUCTED ACCORDING TO CHRISTIAN PRINCIPLES FOR THE ADVANCEMENT OF THE CHRISTIAN RELIGION FOR THE ADVANCEMENT OF EDUCATION THE RELIEF OF NEED HARDSHIP OR DISTRESS AND OTHER CHARITABLE PURPOSES FOR THE GENERAL BENEFIT OF THE INHABITANTS OF THE NEIGHBOURHOOD OF THE BOROUGH OF TOWER HAMLETS AND FOR THOSE PURPOSES (AND WITHOUT PREJUDICE TO THE GENERALITY OF THE FOREGOING) THE CHARITY MAY PROVIDE RESIDENTIAL ACCOMMODATION FOR ANY PERSON SHARING IN THAT WORK,2) TO DEVELOP THE CAPACITY AND SKILLS OF THE MEMBERS OF THE SOCIALLY DISADVANTAGED COMMUNITY IN SUCH A WAY THAT THEY ARE BETTER ABLE TO IDENTIFY, AND HELP MEET, THEIR NEEDS AND TO PARTICIPATE MORE FULLY IN SOCIETY, AND3) SUCH OTHER CHARITABLE PURPOSES AS DETERMINED BY THE BOARD FROM TIME TO TIME
Financial health, per its FY2025 accounts
The accounts state that the charity reported an operational deficit of £52,000 and a net deficit of £50,000 for the year ended 31 March 2025, which the trustees attribute to drawing on reserves for essential building repairs. Despite the deficit, the charity holds total funds of £6,788,932, with unrestricted general funds of £6,443,790, significantly exceeding its stated reserves policy target of £349,002. The trustees and auditors confirm the financial statements are prepared on a going concern basis with no material uncertainties identified.
What the accounts disclose
“It is the charity’s policy to have 3 months operational expenditure as a general reserve, this being £349,002 based on the 25/26 Budget.”
“The Chief Executive occupies one of the charity's properties, 19 Old Ford Road, in the capacity of caretaker and pays rent of £4,411 per annum (2024: £4,069). All rents are charged at an arm’s length basis and there are no amounts due at the year end.” — page 32
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
Funders the charity credits
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (18/06/2015)
Trustees
- Catherine Ritman
- Chloe Tayali
- Dr Mythili Mahendran
- Eugene Lowrie
- Lara El Gibaly
- Mana Mahil
- Olivia Jasmin D'Mello-Browning
- Raluca-Simina Neagu
- Tracy Karkut-Law
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.3m | £1.3m |
| 31/03/2024 | £1.4m | £1.3m |
| 31/03/2023 | £1.0m | £1.0m |
| 31/03/2022 | £1.0m | £982k |
| 31/03/2021 | £809k | £724k |
Common questions
Is ST MARGARET'S HOUSE financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported an operational deficit of £52,000 and a net deficit of £50,000 for the year ended 31 March 2025, which the trustees attribute to drawing on reserves for essential building repairs. Despite the deficit, the charity holds total funds of £6,788,932, with unrestricted general funds of £6,443,790, significantly exceeding its stated reserves policy target of £349,002. The trustees and auditors confirm the financial statements are prepared on a going concern basis with no material uncertainties identified. Its FY2025 accounts were audited by Azets Audit Services.
Who funds ST MARGARET'S HOUSE?
Funders whose own accounts filings name ST MARGARET'S HOUSE as a grant recipient include CHAPMAN CHARITABLE TRUST, The Dentons UK and Middle East LLP Charitable Trust, THE EDGAR E LAWLEY FOUNDATION.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| CHAPMAN CHARITABLE TRUST | FY2025 | £2k | |
| The Dentons UK and Middle East LLP Charitable Trust | FY2025 | £2k | |
| THE EDGAR E LAWLEY FOUNDATION | FY2023 | £2k |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 07/11/2025 | £13k | Spring Wellbeing at St Margaret's House |
| Sport England | 09/01/2024 | £14k | Active Ageing Sports Programme |
| City Bridge Foundation | 15/06/2023 | £91k | Grant to St Margaret's House |
| Sport England | 16/09/2022 | £7k | Jubilee Fund - Making Time for Movement |
| Postcode Lottery | 27/06/2022 | £10k | Arts and Wellbeing Activities Outdoors |
| The National Lottery Heritage Fund | 09/02/2022 | £59k | "Mendoza Mania" |
| The National Lottery Community Fund | 08/09/2021 | £4k | Open Up Again! |
| Sport England | 24/06/2021 | £10k | COVID19 Return to Play |
| City Bridge Foundation | 26/03/2020 | £105k | Grant to St Margaret's House |
| The National Lottery Heritage Fund | 05/02/2020 | £45k | "Molly's Masquerade!" |
| The National Lottery Community Fund | 07/06/2019 | £9k | Woodwork for Wellbeing |
| City Bridge Foundation | 08/09/2011 | £0 | Grant to St Margaret's House |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE JD FOUNDATION | 1 | £561k |
| YOUNG CAMDEN FOUNDATION | 1 | £68k |
Charities like this
- HAMPSTEAD COMMUNITY ACTION LIMITED
- BRISTOL AND ANCHOR ALMSHOUSE CHARITY
- NEW PRODUCERS FOR SUSTAINABLE ENERGY
- 1692
- HOUSE OF GIVING
- MARGARET MCMILLAN CHILDREN'S CENTRE
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| ST MARGARET'S HOUSE | £1.3m | — | 0 | unclear | — | no doubt |
| HAMPSTEAD COMMUNITY ACTION LIMITED | £421k | — | 0 | below | — | noted |
| BRISTOL AND ANCHOR ALMSHOUSE CHARITY | £336k | — | 0 | within | — | no doubt |
| NEW PRODUCERS FOR SUSTAINABLE ENERGY | £275k | — | 0 | below | — | no doubt |
| 1692 | £462k | — | 0 | within | — | no doubt |
| HOUSE OF GIVING | £248k | — | 0 | unclear | — | no doubt |