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SAINT MARGARET'S CONVENT (SSM CHISWICK) CIO

Registered charity 1188112 · accounts filings on the Charity Commission register

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Latest income
£4.6m
Latest spending
£4.8m
Registered
2020
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the group reported a net decrease in funds of £305,037 for the year ended 31 March 2025, driven by net investment losses and expenditure exceeding income before investment gains. Per the trustees' report, free reserves were below the stated policy target for the care home component, though the trustees are confident this shortfall will be eradicated over the next five years due to high occupancy rates.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy
“Funds available to support the work of St Mary’s were £2,210,873. These were at a level just below that required by St Mary’s reserves policy set out above.” — page 14
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: The freehold of the premises from which the Home operates is owned by the CIO. Until the 9 April 2025, the Home occupied the premises in return for an annual peppercorn licence fee in accordance with a written Memorandum of Understanding, which was not legally enforceable and, as such, the charity had no security of tenure.
“The freehold of the premises from which the Home operates is owned by the CIO. Until the 9 April 2025, the Home occupied the premises in return for an annual peppercorn licence fee in accordance with a written Memorandum of Understanding, which was not legally enforceable and, as such, the charity had no security of tenure.” — page 46
“Five trustees, as members of the Chapter of the Society of Saint Margaret, have no resources of their own as all earnings, pensions and other income have been donated to the charity under a Gift Aid compliant Deed of Covenant. During the year, the total amount donated by these individuals, whilst they were trustees, to the charity was £49,706 (2024 - £35,408).” — page 47
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Five trustees, as members of the Chapter of the Society of Saint Margaret, have no resources of their own as all earnings, pensions and other income have been donated to the charity under a Gift Aid compliant Deed of Covenant. During the year, the total amount donated by these individuals, whilst they were trustees, to the charity was £49,706 (2024 - £35,408).
“The freehold of the premises from which the Home operates is owned by the CIO. Until the 9 April 2025, the Home occupied the premises in return for an annual peppercorn licence fee in accordance with a written Memorandum of Understanding, which was not legally enforceable and, as such, the charity had no security of tenure.” — page 46
“Five trustees, as members of the Chapter of the Society of Saint Margaret, have no resources of their own as all earnings, pensions and other income have been donated to the charity under a Gift Aid compliant Deed of Covenant. During the year, the total amount donated by these individuals, whilst they were trustees, to the charity was £49,706 (2024 - £35,408).” — page 47
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Included in donations in the year to 31 March 2024 is a donation of £5,000 paid towards the care and support of the brother of a trustee, Miss Pamela Groombridge (Sister Mary Paul SSM), who is also a member and beneficiary of the charity.
“The freehold of the premises from which the Home operates is owned by the CIO. Until the 9 April 2025, the Home occupied the premises in return for an annual peppercorn licence fee in accordance with a written Memorandum of Understanding, which was not legally enforceable and, as such, the charity had no security of tenure.” — page 46
“Five trustees, as members of the Chapter of the Society of Saint Margaret, have no resources of their own as all earnings, pensions and other income have been donated to the charity under a Gift Aid compliant Deed of Covenant. During the year, the total amount donated by these individuals, whilst they were trustees, to the charity was £49,706 (2024 - £35,408).” — page 47
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: St Mary’s Convent and Nursing Home (Chiswick)
“St Mary’s Convent and Nursing Home (Chiswick) is a company limited by guarantee (Company Registration Number 3959483 (England and Wales)) incorporated on 24 March 2000 and was registered as a charity (Charity Registration Number 1080751) on 16 May 2000.” — page 4
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Buzzacott Audit LLP. Discloses 3 of 6 completeness components.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£4.6m
Total spending
£4.8m
Cost of raising funds
£72k
Reserves (reported)
£3.4m
Employees
98

Reported reserves equal ~8.4 months of spending — above the median for charities its size (median 4.8 months; benchmarks).

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Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: East Sussex · Hounslow

Income and spending

Financial year endIncomeSpending
31/03/2025£4.6m£4.8m
31/03/2024£4.6m£4.6m
31/03/2023£4.0m£4.1m
31/03/2022£3.8m£3.8m
31/03/2021£21.4m£3.9m

Common questions

Is SAINT MARGARET'S CONVENT (SSM CHISWICK) CIO financially healthy?

The accounts state that the group reported a net decrease in funds of £305,037 for the year ended 31 March 2025, driven by net investment losses and expenditure exceeding income before investment gains. Per the trustees' report, free reserves were below the stated policy target for the care home component, though the trustees are confident this shortfall will be eradicated over the next five years due to high occupancy rates. Its FY2025 accounts were audited by Buzzacott Audit LLP.