ST VINCENT'S CHARITABLE TRUST
Financial health, per its FY2023 accounts
The accounts state that total incoming resources increased to £4,293,204, while total resources expended were £4,075,339, resulting in a decrease in funds of £90,123 largely due to investment losses. The charity holds unrestricted reserves of £11,387,543, with free reserves at £1,654,360, which exceeds the stated policy target of at least £1 million. The trustees confirm that resources are adequate and no material uncertainties exist regarding the charity's ability to continue as a going concern.
What the accounts disclose
“It is the policy of the charitable company to maintain free reserves at a level of at least f1 million.”
“Prior to F G J Davern's appointment as trustee, the existing trustees awarded a reduction in fees to his father (J t3 Davern) who is a resident in the home. During the year to 31 March 2023 this amounted to a total benefit received of 511,016 (2022: F11,036), There were no other related party transactions during the year,”
Structured financials (annual return, FY ending 31/03/2025)
Care Quality Commission ratings
- St Vincent's Nursing Home: Good
Trustees
- Robert Christopher Horsburghchair
- Anthony Joseph Corish
- Barbara Mary Towell
- Deepak Raj Talwar
- Fr John Patrick Deehan
- Gail Williams
- William Parisutham
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £5.4m | £4.6m |
| 31/03/2024 | £4.9m | £4.2m |
| 31/03/2023 | £4.3m | £4.1m |
| 31/03/2022 | £4.1m | £4.0m |
| 31/03/2021 | £4.2m | £4.0m |
Common questions
Is ST VINCENT'S CHARITABLE TRUST financially healthy?
The accounts state that total incoming resources increased to £4,293,204, while total resources expended were £4,075,339, resulting in a decrease in funds of £90,123 largely due to investment losses. The charity holds unrestricted reserves of £11,387,543, with free reserves at £1,654,360, which exceeds the stated policy target of at least £1 million. The trustees confirm that resources are adequate and no material uncertainties exist regarding the charity's ability to continue as a going concern. Its FY2023 accounts were audited by Jacob Cavenagh & Skeet.