ST CECILIA'S ABBEY RYDE ISLE OF WIGHT
Financial health, per its FY2022 accounts
The accounts state that the charity held total unrestricted reserves of £11,955,475 at the end of the financial year. The trustees consider these reserves sufficient to meet immediate and foreseeable needs and to secure the future ability of the charity to support the religious community. The charity reported a net loss of £1,035,392 for the year, primarily driven by a net loss on the revaluation of investment assets.
What the accounts disclose
“The Abbey made a donation of £150,000 to another community in the Solesmes Congregation, Quarr Abbey, which was in particular need. St Cecilia’s also made a further payment of £105,022 in fulfilment of the commitment to the Monastery of the Immaculate Heart of Mary, Westfield, to pay for their new altar bread machinery” — page 5
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- SR EUSTOCHIUM
- Sister Gertrude
- Sister Madeleine
- Sister Marie Germain
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.1m | £828k |
| 31/12/2023 | £1.9m | £670k |
| 31/12/2022 | £895k | £735k |
| 31/12/2021 | £801k | £618k |
| 31/12/2020 | £696k | £536k |
Common questions
Is ST CECILIA'S ABBEY RYDE ISLE OF WIGHT financially healthy?
The accounts state that the charity held total unrestricted reserves of £11,955,475 at the end of the financial year. The trustees consider these reserves sufficient to meet immediate and foreseeable needs and to secure the future ability of the charity to support the religious community. The charity reported a net loss of £1,035,392 for the year, primarily driven by a net loss on the revaluation of investment assets. Its FY2022 accounts were audited by Francis Clark LLP.