Davenant Foundation
The Charities principal activity during the year continued to be that of working towards the provision of two community centres for the educational and social benefits of the inhabitants of the London Borough of Tower Hamlets.
Latest income
£184k
Latest spending
£133k
Registered
1984
Accounts read
FY2025
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves stood at £3,699,915, while total income decreased to £184,225 from £281,149 in the prior year due to a rent review. The trustees are satisfied that sufficient reserves exist to continue operating for the immediate future, and the independent auditors reported no material uncertainties regarding going concern.
What the accounts disclose
Largest income source: Rent receivable (66% of income)
“Rent receivable 121,803” — page 16
Per its FY2025 accounts as filed with the Charity Commission.
Governance: The charity encountered significant internal management problems during a building modernisation project, culminating in lengthy litigation proceedings between a number of former trustees and the management committee (new trustees) resulting in payment delays to the builders, additional legals costs and interest payments on contractual liabilities.
“During 2006, The Davenant Centre encountered significant internal management problems during a building modernisation project, culminating in lengthy litigation proceedings between a number of former trustees and the management committee (new trustees) resulting in payment delays to the builders, additional legals costs and interest payments on contractual liabilities.” — page 6
“During 2007 and 2008, The Davenant Centre had serious financial problems resulting from delays in completion of the modernisation project and the consequent loss of revenue from rental income of the building. This led to the Centre defaulting on Loan repayments to its bank and the renegotiation of the facilities,” — page 6
Per its FY2025 accounts as filed with the Charity Commission.
Governance: The charity had serious financial problems resulting from delays in completion of the modernisation project and the consequent loss of revenue from rental income of the building. This led to the Centre defaulting on Loan repayments to its bank and the renegotiation of the facilities.
“During 2006, The Davenant Centre encountered significant internal management problems during a building modernisation project, culminating in lengthy litigation proceedings between a number of former trustees and the management committee (new trustees) resulting in payment delays to the builders, additional legals costs and interest payments on contractual liabilities.” — page 6
“During 2007 and 2008, The Davenant Centre had serious financial problems resulting from delays in completion of the modernisation project and the consequent loss of revenue from rental income of the building. This led to the Centre defaulting on Loan repayments to its bank and the renegotiation of the facilities,” — page 6
Per its FY2025 accounts as filed with the Charity Commission.
Governance: The Davenant Centre was taken into administration in July 2009.
“During 2006, The Davenant Centre encountered significant internal management problems during a building modernisation project, culminating in lengthy litigation proceedings between a number of former trustees and the management committee (new trustees) resulting in payment delays to the builders, additional legals costs and interest payments on contractual liabilities.” — page 6
“During 2007 and 2008, The Davenant Centre had serious financial problems resulting from delays in completion of the modernisation project and the consequent loss of revenue from rental income of the building. This led to the Centre defaulting on Loan repayments to its bank and the renegotiation of the facilities,” — page 6
Per its FY2025 accounts as filed with the Charity Commission.
Insolvency history (Companies House)
The charity’s company has insolvency history on the Companies House record (company status: active).
Official Companies House insolvency record. Insolvency of a subsidiary does not mean the charity is insolvent.
Corporate structure
- Registered company of the charity Companies House 01799707 · Financial health read from its filings
Company officers (Companies House)
- ALI, Kaveed Jon-Marc Roberto on trustee list
- BAIRD, Tessa Aemilia Caldecott on trustee list
- NIZAMUDDIN, Razia on trustee list
- RIDER, Carol Ann on trustee list
- PULFORD, John Alfred on trustee list
Trustees
- Carol Ann Rider
- JOHN ALFRED PULFORD
- Kaveed Jon-Marc Roberto Ali
- Razia Nizamuddin
- Tessa Aemilia Caldecott Baird
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £184k | £133k |
| 31/03/2024 | £281k | £132k |
| 31/03/2023 | £108k | £219k |
| 31/03/2022 | £183k | £83k |
| 31/03/2021 | £261k | £84k |
Common questions
Is Davenant Foundation financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves stood at £3,699,915, while total income decreased to £184,225 from £281,149 in the prior year due to a rent review. The trustees are satisfied that sufficient reserves exist to continue operating for the immediate future, and the independent auditors reported no material uncertainties regarding going concern. Its FY2025 accounts were audited by Ashfords Partnership LLP.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 12/07/2005 | £250k | Youth Centre of Excellence - Rear Building |