SOCIAL INTEREST GROUP
Financial health, per its FY2025 accounts
The accounts state that the group reported a net surplus of £196k for the year, with unrestricted reserves increasing to £4,072k. The trustees consider the results acceptable given the wider economic environment and have confirmed the group has adequate resources to continue in operational existence for at least 12 months. However, the group carries a significant defined benefit pension deficit liability of £2,537k, which is being addressed through a robust repayment plan.
What the accounts disclose
“The trustees agreed that the free reserves (excluding the Pension Reserve) target should be approximately £792k, and for the group, £1.9m. The charity needs to maintain sufficient funds to cover any potential loss in income and short-term cash flow, have approximately three months of expenditure available at all times, and cover costs in the event of the charity winding up.”
“The Non-Executive Trustees (directors for company law purposes) received no remuneration during the year. During the year non- executive trustees were reimbursed travel expenses incurred in the performance of their duties of £636 (2024: £720). The Executive Trustee (a director for company law purposes), as permitted by the Articles of Association, received during the year £295,171 (2023/24 £128,750).” — page 39
“The Charity made charges to its subsidiaries to recover the cost of providing support services: Penrose £3,850,873 (2024: £3,504,122), Equinox £1,193,797 (2024: £1,370,875), Pathways £621,158 (2024: £438,822), SIG Housing Trust £10,728 (2024: £10,728) and SIG Safe Ground £99,570 (2024: £240,355). At year end the Charity owed £2,215,399 to Penrose Options (2024: £2,562,074), was owed £2,215,016 from Equinox Care (2024: was owed £2,404,574), was owed £85,981 to Pathways (2024: owed £41,711), was owed £430,000 from SIG Housing Trust as a loan (2024 was owed £430,000) and is owed by SIG Housing Trust £227,203 (2024: was owed £146,409) and was owed £46,309 (2024: £200,923) from Safe Ground.” — page 40
“Milner Gibson ceased trading on the 31st of March 2017, when the business was transferred to the Housing Management department within the charity. The company was dormant during the year. After the year end the Company began trading again and supplying night concierge staff within the Group.” — page 5
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Karl Marlowechair
- CATHY KANE
- Claire Barton
- Dylan Kerr
- Frida Norman
- Joe Wakeford
- Kobi Boakye
- Rebecca Escott-New
- Stuart Jenkin
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £31.0m | £30.3m |
| 31/03/2024 | £28.3m | £27.2m |
| 31/03/2023 | £22.4m | £21.7m |
| 31/03/2022 | £19.1m | £19.0m |
| 31/03/2021 | £20.1m | £18.8m |
Common questions
Is SOCIAL INTEREST GROUP financially healthy?
The accounts state that the group reported a net surplus of £196k for the year, with unrestricted reserves increasing to £4,072k. The trustees consider the results acceptable given the wider economic environment and have confirmed the group has adequate resources to continue in operational existence for at least 12 months. However, the group carries a significant defined benefit pension deficit liability of £2,537k, which is being addressed through a robust repayment plan. Its FY2025 accounts were audited by Buzzacott Audit LLP.