FAITHFUL COMPANIONS OF JESUS EDUCATIONAL TRUST
The charity works with schools within the trusteeship of the Congregation of the Faithful Companions of Jesus (FCJ) to ensure that the schools operate in accordance with the teachings, tenets and practices of the Catholic Church and in accordance with the ethos reflecting the FCJ charism.
Financial health, per its FY2024 accounts
The accounts state that the charity achieved a net income of £4,005 for the year ended 31 December 2024, with total income of £41,163 and total expenditure of £37,158. The trustees report that unrestricted reserves of £10,605 are lower than their desired target of £15,000–£20,000 due to unexpected costs in the previous year, but they have plans to rebuild these reserves. The trustees confirm there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The Trustees estimate that the charity needs £15k – £20k in reserves so that these commitments can be honoured.”
Trustees
- SISTER JOSEPHINE YVONNE GRAINGER FCJ
- Sister Brenda Wallace FCJ
- Sister Brigid Halligan FCJ
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £41k | £37k |
| 31/12/2023 | £50k | £49k |
| 31/12/2022 | £50k | £53k |
| 31/12/2021 | £40k | £39k |
| 31/12/2020 | £8k | £2k |
Common questions
Is FAITHFUL COMPANIONS OF JESUS EDUCATIONAL TRUST financially healthy?
Per its FY2024 accounts: The accounts state that the charity achieved a net income of £4,005 for the year ended 31 December 2024, with total income of £41,163 and total expenditure of £37,158. The trustees report that unrestricted reserves of £10,605 are lower than their desired target of £15,000–£20,000 due to unexpected costs in the previous year, but they have plans to rebuild these reserves. The trustees confirm there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were independently examined.