TOWER HILL TRUST
The Trust's objectives are to use its income for the people in the Trust's area for:1) provision of gardens and open spaces2) support for recreation and leisure facilities3) support for education facilities4) relief of the aged, handicapped and poor.The Trust's area covers Great Tower Hill, Tower Hill and the London Borough of Tower Hamlets.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net decrease in funds of £110,571 for the year ended 30 April 2025, driven by a net investment loss of £218,673 which outweighed the net income from operations of £108,102. Per the trustees' report, the charity holds substantial unrestricted reserves of £6,641,950 (excluding the investment property), which the trustees deem sufficient to meet future obligations and continue as a going concern.
What the accounts disclose
“In our opinion, except for the possible effects of the matter described in the basis for qualified opinion section of our report, the financial statements: - give a true and fair view of the state of the charity’s affairs as at 30 April 2025 and of the charity’s financial activity for the year then ended;” — page 12
“The principal officers of the Trust are employed by Wakefield Tetley Trust. During the year, the Trust paid office expenditure recharges to Wakefield Tetley Trust of £35,441 (2024 - £34,085). One of the charity’s trustees, S Wood, is a liveryman of The Fishmongers’ Company. The charity received rental income of £95,844 from The Fishmongers’ Company during the year (2024: £38,377). The transaction was conducted on normal commercial terms.” — page 25
Trustees
- KEN CLUNIEchair
- Colonel Richard Edward Harrold
- DAVINA JANE WALTER
- Edward William Walter
- JONATHAN DANIEL SOLOMON
- LES CHAPMAN
- SUSAN MARY WOOD
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/04/2025 | £297k | £189k |
| 30/04/2024 | £280k | £184k |
| 30/04/2023 | £268k | £158k |
| 30/04/2022 | £211k | £339k |
| 30/04/2021 | £178k | £250k |
Common questions
Is TOWER HILL TRUST financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net decrease in funds of £110,571 for the year ended 30 April 2025, driven by a net investment loss of £218,673 which outweighed the net income from operations of £108,102. Per the trustees' report, the charity holds substantial unrestricted reserves of £6,641,950 (excluding the investment property), which the trustees deem sufficient to meet future obligations and continue as a going concern. Its FY2025 accounts were audited by Dunkley's.
Who funds TOWER HILL TRUST?
Funders whose own accounts filings name TOWER HILL TRUST as a grant recipient include LEADERS IN COMMUNITY.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| LEADERS IN COMMUNITY | FY2025 | £0 | Summer programme helping to provide a safe space for young people, and training. |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE MARIE CELESTE SAMARITAN SOCIETY | 1 | £50k |
Charities like this
- TOWER HAMLETS AND CANARY WHARF FURTHER EDUCATION TRUST
- WAKEFIELD AND TETLEY TRUST
- TOWER HAMLETS EDUCATION PARTNERSHIP
- TRINITY BUOY WHARF TRUST
- ISLAND HEALTH TRUST
- EARLY YEARS NETWORK TOWER HAMLETS
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| TOWER HILL TRUST | £297k | — | 0 | unclear | — | no doubt |
| TOWER HAMLETS AND CANARY WHARF FURTHER EDUCATION TRUST | £204k | — | — | unclear | — | no doubt |
| WAKEFIELD AND TETLEY TRUST | £434k | more than £60,000 | 2 | unclear | — | no doubt |
| TOWER HAMLETS EDUCATION PARTNERSHIP | £1.3m | — | — | unclear | — | no doubt |
| TRINITY BUOY WHARF TRUST | £430k | — | 0 | below | — | no doubt |
| ISLAND HEALTH TRUST | £363k | — | 0 | unclear | — | no doubt |