TOWER HAMLETS EDUCATION PARTNERSHIP
Financial health, per its FY2025 accounts
The accounts state that the charity generated a surplus of £181,118 for the year ended 31 March 2025, with total unrestricted reserves standing at £750,814. Per the trustees' report, these reserves exceed the stated policy target of three months' average expenditure, and the trustees consider the financial position sufficient to cover current commitments and continuing activities.
What the accounts disclose
“After an assessment of risk, the Trustees have approved a target level of free reserves that is sufficient to cover a minimum of three months' average expenditure.”
“Membership subscriptions and services paid for by member schools in which a member of the Board of Trustees has an interest are on an arm’s length basis and amounted to £53,695 (2024: £23,062). Supplier payments of £45,464 (2024: £10,173) were paid on an arm’s length basis to member schools in which a member of the Board of Trustees has an interest.”
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- ALASDAIR UIST MACDONALD
- Jon Stewart Ryder
- MD Pervez Sazzad Qureshi
- MICHAEL KEATING
- Martin Peter Tune CBE
- Neil Barrie Wells
- Nessa McNeela
- Olubunkunola Yusuf
- Rebecca Abrahams
- Robert Thomas Ferguson Crothers
- Zafrin Khan-Wheatley
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.3m | £1.1m |
| 31/03/2024 | £1.2m | £1.2m |
| 31/03/2023 | £1.2m | £1.3m |
| 31/03/2022 | £1.4m | £1.6m |
| 31/03/2021 | £1.5m | £1.6m |
Common questions
Is TOWER HAMLETS EDUCATION PARTNERSHIP financially healthy?
The accounts state that the charity generated a surplus of £181,118 for the year ended 31 March 2025, with total unrestricted reserves standing at £750,814. Per the trustees' report, these reserves exceed the stated policy target of three months' average expenditure, and the trustees consider the financial position sufficient to cover current commitments and continuing activities. Its FY2025 accounts were audited by Buzzacott Audit LLP.