MATER ECCLESIAE CIO
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net increase in funds of £667,357 for the year ended 31 March 2024, driven by significant net investment gains of £889,180 which offset a net expenditure on charitable activities of £421,384. Per the trustees' report, free reserves amounted to £1,255,064, which the trustees consider adequate to cover approximately twenty-four months of ongoing expenditure and provide for contingencies given the volatility of investment markets.
What the accounts disclose
“The trustees consider that, given the nature of the charity’s work, the level of free reserves should be sufficient to cover approximately twenty-four month’s on-going expenditure and to provide for contingencies, unevenness in future income and volatility in the value of investments.” — page 11
Register events
- Received assets from another charity (18/01/2019)
Trustees
- SISTER Clare Lennon Sr.chair
- James Anthony Boner
- Sister Theresa Tighe Sr
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £354k | £739k |
| 31/03/2024 | £238k | £470k |
| 31/03/2023 | £232k | £573k |
| 31/03/2022 | £244k | £481k |
| 31/03/2021 | £240k | £427k |
Common questions
Is MATER ECCLESIAE CIO financially healthy?
The accounts state that the charity reported a net increase in funds of £667,357 for the year ended 31 March 2024, driven by significant net investment gains of £889,180 which offset a net expenditure on charitable activities of £421,384. Per the trustees' report, free reserves amounted to £1,255,064, which the trustees consider adequate to cover approximately twenty-four months of ongoing expenditure and provide for contingencies given the volatility of investment markets. Its FY2024 accounts were audited by Buzzacott LLP.