THE SOCIETY OF MARY (MARIST FATHERS) CIO
The advancement of the Roman Catholic religion through parish - based ministries, educational support, spiritual guidance, missionary work and specific grant making projects. The Trustees also provide support and life-long care and maintenance for those Fathers in retirement from full-time active ministry.
Financial health, per its FY2024 accounts
The accounts state that the charity held free reserves of £4,110,297 at the end of the year, which the trustees consider sufficient to meet operational challenges and the increasing care needs of its aging members. Total income was £789,181 against total expenditure of £884,013, resulting in a net movement in funds of £149,548 largely driven by investment gains. The charity maintains a designated retirement reserve of £6.7 million to support its members through to the end of their natural lives.
What the accounts disclose
“Income earned on the Charity’s listed investments totalled £474,128 (2023 - £613,041)” — page 12
“the trustees believe that the level of free reserves may be up to five years’ worth of expenditure without giving rise to concern.” — page 12
“For the year ended 31 December 2024, £47,693 (2023 - £39,454) of pension’s income donated by the trustees was receivable by the Charity.”
Year-over-year changes
- Reserves position vs the charity's own policy moved from "within" (FY2023) to "above" (FY2024).
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (09/07/2019)
Trustees
- Rev DESMOND HANRAHAN SMchair
- REV PETER CORCORAN SM
- Rev Alan Stephen Williams sm
- Rev IVAN DAVORIN VODOPIVEC SM
- Rev KEVIN LEO DUFFY SM
- Rev Thomas Martin McAnaney sm
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £789k | £884k |
| 31/12/2023 | £958k | £1.2m |
| 31/12/2022 | £6.1m | £2.0m |
| 31/12/2021 | £789k | £950k |
| 31/12/2020 | £1.5m | £687k |
Common questions
Is THE SOCIETY OF MARY (MARIST FATHERS) CIO financially healthy?
Per its FY2024 accounts: The accounts state that the charity held free reserves of £4,110,297 at the end of the year, which the trustees consider sufficient to meet operational challenges and the increasing care needs of its aging members. Total income was £789,181 against total expenditure of £884,013, resulting in a net movement in funds of £149,548 largely driven by investment gains. The charity maintains a designated retirement reserve of £6.7 million to support its members through to the end of their natural lives. Its FY2024 accounts were audited by Buzzacott Audit LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| CHARITY OF SIR RICHARD WHITTINGTON | 1 | £30k |
| COMMUNITY OF THE HOLY CROSS | 1 | £1k |
| SION COLLEGE | 1 | £900 |
Charities like this
- THE SOCIETY OF MARY AND MARTHA
- SOCIETY OF MARY REPARATRIX
- CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION)
- CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (GENERALATE)
- MARIAN FATHERS CHARITABLE TRUST
- MATER ECCLESIAE CIO
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE SOCIETY OF MARY (MARIST FATHERS) CIO | £789k | — | 0 | above | — | no doubt |
| THE SOCIETY OF MARY AND MARTHA | £649k | — | 0 | above | — | no doubt |
| SOCIETY OF MARY REPARATRIX | £149k | — | 0 | unclear | — | no doubt |
| CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) | £2.2m | — | 0 | unclear | — | no doubt |
| CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (GENERALATE) | £3.3m | — | 0 | unclear | — | no doubt |
| MARIAN FATHERS CHARITABLE TRUST | £843k | — | 0 | unclear | — | no doubt |