THE SONS OF DIVINE PROVIDENCE
Financial health, per its FY2024 accounts
The accounts state that the charity reported a loss before tax of £2,137,786 for the year ended 31 March 2024, driven by operating losses and significant interest costs. Per the trustees' report, the group had net current liabilities of £8.5m and total bank loans of £16.3m, with a material uncertainty disclosed regarding the ability to continue as a going concern due to refinancing challenges and debt levels.
What the accounts disclose
“There was 1 (2023: none) employees whose annual remuneration was £60,000 or more.” — page 35
“There was 1 (2023: none) employees whose annual remuneration was £60,000 or more.” — page 35
“It is the trustees' policy to have freely available funds which equate to about three months' expenditure, which is about £300,000.” — page 12
“The trustees accept that the nature of the position on its refinancing, together with that of its parent and the amounts owed to the parent charity, suggests that a material uncertainty exists that may cast significant doubt upon the ability of the company to continue as a going concern.” — page 14
“During the period management charges of £102,300 (2023: £47,400) were recharged to Sons of Divine Providence Developments Limited in accordance with the agreement for sharing of head office facilities and staff time.” — page 45
Year-over-year changes
- Employees paid over £60,000: 0 (FY2023) → 1 (FY2024).
Structured financials (annual return, FY ending 31/03/2024)
Trustees
- Rev Jose Luis Simionatochair
- Keith Joseph Wilson
- Martin Estanislao Mroz
- Rev PHILIP KEHOE
- Rev STEPHEN PETER BEALE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | — | — |
| 31/03/2024 | £5.5m | £5.8m |
| 31/03/2023 | £6.7m | £5.3m |
| 31/03/2022 | £8.7m | £8.1m |
| 31/03/2021 | £1.8m | £2.2m |
Common questions
Is THE SONS OF DIVINE PROVIDENCE financially healthy?
The accounts state that the charity reported a loss before tax of £2,137,786 for the year ended 31 March 2024, driven by operating losses and significant interest costs. Per the trustees' report, the group had net current liabilities of £8.5m and total bank loans of £16.3m, with a material uncertainty disclosed regarding the ability to continue as a going concern due to refinancing challenges and debt levels. Its FY2024 accounts were audited by HW Fisher Audit.
What does the highest-paid employee of THE SONS OF DIVINE PROVIDENCE earn?
Per its FY2024 accounts, the highest-paid employee was in the £60,001 - £70,000 band, and 1 employees earned over £60,000.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| HABITAT FOR HUMANITY GREAT BRITAIN | 1 | £10k |