SOCIETY OF THE HOLY CHILD JESUS CIO
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net increase in funds of £12.77 million for the year ended 31 December 2023, driven by a significant surplus on the disposal of fixed assets and net investment gains. Free reserves stood at £16.7 million, which the trustees consider adequate and within their policy target of two to three years' expenditure. The charity maintains substantial unrestricted funds and has no material uncertainties regarding its ability to continue as a going concern.
What the accounts disclose
“The trustees consider that, given the nature of the charity’s work and its commitments, the level of free reserves that should be available to the charity should be between two and three years’ expenditure.” — page 26
Year-over-year changes
- Reserves position vs the charity's own policy moved from "below" (FY2022) to "within" (FY2023).
Leadership, per the charity’s website
- Pauline Darby — Society leader
- Gifty Abane — Society Leadership Team member
- Susan Igelle — Society Leadership Team member
- Oyidu Okwori — Society Leadership Team member
Structured financials (annual return, FY ending 31/12/2024)
Care Quality Commission ratings
- Apley Grange: Good
Register events
- Received assets from another charity (28/03/2020)
Trustees
- Sister Monica Anne Matthews SHCJchair
- OYIDU CELESTINA OKWORI
- SISTER ANGELA O'CONNOR
- SISTER ANNE STEWART
- SISTER SUSAN JENNIFER BULLEN
- Sister Carmel Murtagh
- Sister Gifty Abane
- Sister Helen Costigane
- Sister Judith Lancaster
- Sister Patricia McDonald
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £4.8m | £7.6m |
| 31/12/2023 | £14.4m | £7.4m |
| 31/12/2022 | £3.6m | £6.7m |
| 31/12/2021 | £4.0m | £7.7m |
| 31/12/2020 | £4.7m | £7.9m |
Common questions
Is SOCIETY OF THE HOLY CHILD JESUS CIO financially healthy?
The accounts state that the charity reported a net increase in funds of £12.77 million for the year ended 31 December 2023, driven by a significant surplus on the disposal of fixed assets and net investment gains. Free reserves stood at £16.7 million, which the trustees consider adequate and within their policy target of two to three years' expenditure. The charity maintains substantial unrestricted funds and has no material uncertainties regarding its ability to continue as a going concern. Its FY2023 accounts were audited by Buzzacott LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ST PETER'S CHARITY | 1 | £6k |