PENROSE OPTIONS
Registered charity 1151455 · accounts filings on the Charity Commission register · also known as PENROSE
Relieve people in need with mental ill health, those suffering from substance misuse, ex-offenders, homeless, poor people, aged, disabled or chronically sick by the following means: (a) Housing, accommodation, services including medical, social, welfare, rehabilitative, resettlement and care services; (b) Education, training, employment, mentoring and other similar services.
Causes: General Charitable Purposes · Education/training · The Advancement Of Health Or Saving Of Lives · The Prevention Or Relief Of Poverty · Accommodation/housing · website · Get email alerts
Financial health, per its FY2025 accounts
The accounts state that the charity made a surplus of £344k, resulting in unrestricted free reserves of £3,133k, which exceeds the trustees' stated reserves target of £842k. Per the trustees' report, the organization remains well-placed to manage business risks and continue in operational existence for at least 12 months, despite a significant defined benefit pension scheme deficit of £384k.
Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.
What the accounts disclose
Reserves policy: £842k (held: £3.1m)
“Following a review of the reserves required, the reserves target has reduced to £842k”
Per its FY2025 accounts as filed with the Charity Commission.
Pension scheme deficit: £384k
“The pensions reserve at the end of the year was £384k, which relates to the past service deficit liability relating to the defined benefit of the Social Housing Pension Scheme.” — page 11
Per its FY2025 accounts as filed with the Charity Commission.
Accounts audited by Buzzacott Audit LLP. Discloses 5 of 6 completeness components.
What the charity says about itself (2025)
From its own voluntary annual review / impact report — the charity’s account of its work, distinct from the statutory accounts analysed above.
The report states the charity supports people with complex disadvantages.
“We specialise in supporting people with the most complex multiple disadvantages and challenges in life who often have chaotic backgrounds.”
The report provides specific headcount data for the snapshot date.
“On the snapshot date, 5th April 2025, there were 299 women and 156 men working across the Group.”
The report specifies the total number of employees included in the calculation.
“There are 455 relevant full pay employees included in this report”
Public fundraising profile: JustGiving — SIG Penrose (matched by registered charity number).
Leadership, per the charity’s website
- Mark Milton — Group CEO (source)
- Naomi Atkinson — Director of Central Services and Transformation (source)
Listed on the charity’s own website when we last crawled it; roles may have changed. Pay-band disclosures above are anonymous statutory disclosures and are not attributed to any named individual.
Funders the charity credits
Named as funders/supporters on the charity’s own website (the charity’s claim, distinct from accounts-verified grants).
- The Co-op Community Fund — “The Co-op Community Fund is supporting SIG Penrose Bridge House in developing wellbeing, community, and recovery-focused activities for resi…” (source page)
- The Mercers’ Company — “The Mercers’ Company ‘s Members’ Philanthropy Programme provided a one-off grant to support Safe Ground’s Man Up? programme” (source page)
- Luton Rising’s Community Investment Fund — “London Luton Airport , through Luton Rising’s Community Investment Fund, provides sustained support to SIG Penrose STEPS” (source page)
- Tesco — “Tesco supports SIG Penrose Roots through its Stronger Starts programme, helping us deliver healthy food, skills development, and wellbeing a…” (source page)
- Barratt David Wilson Kent — “Barratt David Wilson Kent supported SIG Pathways to Independence with a one-off donation through their Community Fund.” (source page)
- Chestnut Green Limited — “Chestnut Green Limited . provides an annual donation to SIG Penrose Roots , supporting our therapeutic horticulture programme for people in …” (source page)
Public-sector contracts awarded
From the official Contracts Finder and Find a Tender notices (supplier matched by exact registered name). Contract income is distinct from grants.
Property (HM Land Registry)
3 registered titles in England and Wales held by the charity’s company or corporate body (1 freehold); recorded price paid £2.3m. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.
Structured financials (annual return, FY ending 31/03/2025)
Reported reserves equal ~1.6 months of spending — in the bottom quarter for charities its size (median 4.6 months; benchmarks).
Per its annual return, largest income source: Charitable activities (100% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.
Per its annual return, cost of raising funds: 0.0% of total income — below the median for charities its size (3.8%) (benchmarks).
Trustee list from the Charity Commission register (current, not historical).
Operates in: Bedford · Luton · Throughout London
Income and spending
Common questions
Is PENROSE OPTIONS financially healthy?
Per its FY2025 accounts: The accounts state that the charity made a surplus of £344k, resulting in unrestricted free reserves of £3,133k, which exceeds the trustees' stated reserves target of £842k. Per the trustees' report, the organization remains well-placed to manage business risks and continue in operational existence for at least 12 months, despite a significant defined benefit pension scheme deficit of £384k. Its FY2025 accounts were audited by Buzzacott Audit LLP.
Who funds PENROSE OPTIONS?
Funders whose own accounts filings name PENROSE OPTIONS as a grant recipient include THE HARPUR TRUST, BEDFORDSHIRE AND LUTON COMMUNITY FOUNDATION.
Known funders
Grants to this charity found in funders’ own accounts filings.
Government & lottery funding
Grants to this charity published as open data by government and lottery funders (360Giving).
Funders of similar charities
Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.
Charities like this
Semantically similar by activities and financial character, from our analysed corpus. Compare with PROVIDENCE ROW.
Side by side with its peers
Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.