Penrose Options

Analysis

Penrose Options is a registered charity in England and Wales, based in London. It was registered in March 2013, 13 years ago. Its declared purposes cover general charitable purposes, education/training, the advancement of health or saving of lives and the prevention or relief of poverty, which this site groups under health and saving lives. Legally it is a charitable company (Companies House number 08466743). It says it provides other finance, provides human resources and provides buildings/facilities/open space.

In the financial year ending March 2025, Penrose Options reported income of £20.9m and spending of £20.6m, spending 98% of its income. Across the 5 years on record, from March 2021 to March 2025, income grew from £10.7m to £20.9m (+95%), an average of +18% a year. The sharpest change came in the year to March 2023, when income rose by 38%. Over the whole period it spent 97% of the income it received.

Among 24,651 England and Wales charities whose main cause is health and saving lives and that reported income, Penrose Options sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in England and Wales with reported income it ranks in the 100th percentile. Charities of a similar size with the same main cause include North West Lung Centre (£20.9m), Blood Cancer UK Research (£21.1m) and Midlands Air Ambulance Charity (£20.8m).

In its latest detailed accounts, income came from charitable activities 100%. Charitable activities took 100% of spending and raising funds 0.0%. Reserves of £2.8m would cover about 2 months of spending at that rate. It employed 315 people.