ASBOL LTD
Propagation of the Roman Catholic Faith and an understanding of its teaching; education of people in the experience of Christianity; creation of a missionary presence in society to bring the Roman Catholic Faith into the lives of people.
Objects
(1) TO PROPAGATE THE ROMAN CATHOLIC FAITH AND UNDERSTANDING OF ITS TEACHING (2) TO EDUCATE PEOPLE IN THE EXPERIENCE OF CHRISTIANITY (3) TO CREATE A MISSIONARY PRESENCE IN SOCIETY IN ORDER TO BRING THE ROMAN CATHOLIC FAITH INTO THE LIVES OF PEOPLE IN WORK SCHOOLS FACTORIES AND OTHER PLACES OF THEIR ORDINARY LIVES
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure of £34,935 for the year, resulting in a decrease in total funds from £2,015,242 to £1,980,307. The trustees confirm that assets are available and adequate to meet future obligations, with no material uncertainties identified regarding going concern. The charity holds significant unrestricted reserves of £1,912,707 against a small restricted fund balance of £67,600.
What the accounts disclose
“Of this, £117,147 was from rent received, with the remaining £17,135 coming from donations to the Charity.”
“On 12 May 2024 the Charity received an additional interest free loan from the member Association Colombano and Bonifacio in the sum of £1,900,000. The total amount due to the member is £2,470,000.” — page 10
“During the year G Marcato (a trustee) paid £11,615 to the Charity in respect of donations (£7,135) and rent (£4,480).” — page 12
“On 12 May 2024 the Charity received an additional interest free loan from the member Association Colombano and Bonifacio in the sum of £1,900,000. The total amount due to the member is £2,470,000.” — page 10
“During the year G Marcato (a trustee) paid £11,615 to the Charity in respect of donations (£7,135) and rent (£4,480).” — page 12
Policies the charity declares
- Bullying and harassment policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Risk management
- Serious incident reporting policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Trustees
- Association Colombano and Bonifacio
- Dr AMOS STEPHEN LAWLESS
- Gianluca Marcato
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £134k | £168k |
| 31/12/2023 | £118k | £103k |
| 31/12/2022 | £102k | £82k |
| 31/12/2021 | £84k | £75k |
| 31/12/2020 | £94k | £77k |
Common questions
Is ASBOL LTD financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net expenditure of £34,935 for the year, resulting in a decrease in total funds from £2,015,242 to £1,980,307. The trustees confirm that assets are available and adequate to meet future obligations, with no material uncertainties identified regarding going concern. The charity holds significant unrestricted reserves of £1,912,707 against a small restricted fund balance of £67,600. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| SANTANDER UK FOUNDATION LIMITED | 1 | £124k |
| THE FYRISH FOUNDATION | 1 | £14k |
| THE HOBSON CHARITY LIMITED | 1 | £5k |
| THE COLE CHARITABLE TRUST | 1 | £2k |
Charities like this
- MATER ECCLESIAE CIO
- SISTERS OF CHRISTIAN EDUCATION CIO
- THE C3 CHURCH
- CHARITY FOR ROMAN CATHOLIC PURPOSES ADMINISTERED IN CONNECTION WITH THE CONGREGATION OF THE FRANCISCAN MISSIONARY SISTERS (LITTLEHAMPTON)
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH DORE
- DIVINE TELEVISION FOUNDATION LTD
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| ASBOL LTD | £134k | — | 0 | unclear | — | no doubt |
| MATER ECCLESIAE CIO | £354k | — | 0 | above | — | no doubt |
| SISTERS OF CHRISTIAN EDUCATION CIO | £292k | — | 0 | above | — | no doubt |
| THE C3 CHURCH | £2.4m | — | 0 | unclear | — | no doubt |
| CHARITY FOR ROMAN CATHOLIC PURPOSES ADMINISTERED IN CONNECTION WITH THE CONGREGATION OF THE FRANCISCAN MISSIONARY SISTERS (LITTLEHAMPTON) | £2.4m | — | 0 | above | — | no doubt |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH DORE | £403k | — | 0 | above | — | no doubt |