THE CONVENT OF THE CONGREGATION OF THE SISTERS OF SAINT JOSEPH OF LYON (AT HAUNTON)
The Sisters (only 2 remaining in the country) are now in a Care Home. They minister to the religious and other needs of the other Residents with whom they live. They are with them in health and sickness, sadness and joy, spending time with them and listening to their concerns and enjoyment. Where necessary they take concerns to management on their behalf.
Financial health, per its FY2024 accounts
The charity holds total unrestricted funds of £7,039,646, but its available free reserves are significantly below its stated policy target, standing at £105,448 against a desired range of £150,000 to £300,000. The organization relies heavily on investment income to fund its charitable activities and expenditure on raising funds, which includes substantial investment management fees. The trustees confirm adequate resources for going concern, supported by a positive net movement in funds for the year.
What the accounts disclose
“The trustees have reviewed the CIO’s needs for reserves in line with the guidance issued by the Charity Commission and have decided that it is appropriate to maintain free reserves at a level sufficient to finance a minimum of six to twelve months of expenditure, which equates to approximately £150,000 to 300,000.” — page 5
Trustees
- SISTER MARIE TERESA KIERNAN
- SISTER OLIVE FRANCES RUSSELL
- SISTER PHILOMENA MARIE TYNAN
- Sister Marie-Line Monique Rioux
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £272k | £319k |
| 31/12/2023 | £194k | £262k |
| 31/12/2022 | £251k | £288k |
| 31/12/2021 | £236k | £294k |
| 31/12/2020 | £261k | £290k |
Common questions
Is THE CONVENT OF THE CONGREGATION OF THE SISTERS OF SAINT JOSEPH OF LYON (AT HAUNTON) financially healthy?
Per its FY2024 accounts: The charity holds total unrestricted funds of £7,039,646, but its available free reserves are significantly below its stated policy target, standing at £105,448 against a desired range of £150,000 to £300,000. The organization relies heavily on investment income to fund its charitable activities and expenditure on raising funds, which includes substantial investment management fees. The trustees confirm adequate resources for going concern, supported by a positive net movement in funds for the year. Its FY2024 accounts were audited by Dains Audit Limited.