OUR LADY OF FIDELITY GENERAL TRUST
Financial health, per its FY2022 accounts
The accounts state that the charity reported a net expenditure of £47,234 for the year, resulting in a decrease in total unrestricted funds from £1,335,222 to £1,287,988. The trustees acknowledge uncertainties regarding future cash reserves but remain confident that the charity has adequate resources to continue in operational existence for the foreseeable future. This confidence is based on anticipated reductions in support payments to the related convent and increased rental income from let properties.
What the accounts disclose
“It is the policy of the trustees to maintain sufficient reserves to ensure the smooth running of all activities in the event of a sudden loss of income. The reserves are kept at a level to finance the Charity's declared objectives and support the charitable activities and objectives of Our Lady of Fidelity Established at Upper Norwood, London (245644), if required.” — page 3
Register events
- Received assets from another charity (29/06/2012)
Trustees
- Sister Sister Bernadette BA HONS MAchair
- OluFemi Olugbenga Oresanya
- Rev JOY ALAPPAT
- Sister Sandra Davey BA Hons
- Sr Meena Raphel Arakkal Sr
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £160k | £173k |
| 31/12/2023 | £187k | £161k |
| 31/12/2022 | £96k | £137k |
| 31/12/2021 | £119k | £245k |
| 31/12/2020 | £122k | £346k |
Common questions
Is OUR LADY OF FIDELITY GENERAL TRUST financially healthy?
The accounts state that the charity reported a net expenditure of £47,234 for the year, resulting in a decrease in total unrestricted funds from £1,335,222 to £1,287,988. The trustees acknowledge uncertainties regarding future cash reserves but remain confident that the charity has adequate resources to continue in operational existence for the foreseeable future. This confidence is based on anticipated reductions in support payments to the related convent and increased rental income from let properties. Its FY2022 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| SHEPPERTON COMMUNITY CHURCH | 1 | £5.5m |
| GRACE CHURCH EXETER | 1 | £614k |
| HOPE CHURCH WINCHESTER | 1 | £87k |
| GRACE CHURCH SALISBURY | 1 | £52k |
| CITY CHURCH BRISTOL | 1 | £43k |
| CITYGATE CHURCH | 1 | £9k |
| RELATIONAL MISSION | 1 | £8k |
| GRACE CHURCH CHICHESTER | 1 | £8k |