THE SOCIETY OF THE DIVINE WORD
Financial health, per its FY2024 accounts
The accounts state that total reserves stood at £10,645,719, comprising £8,929,012 in unrestricted free reserves. The trustees consider the financial position satisfactory and report no material uncertainties regarding the charity's ability to continue as a going concern. The charity operates on a defined contribution pension scheme with no disclosed pension deficit.
What the accounts disclose
“It is the policy of the trustees to maintain reserves at a sufficient level for the Society to continue its activities and to cover present and future costs of providing for its members, many of whom are now elderly.” — page 6
Register events
- Received assets from another charity (06/09/2021)
Trustees
- Rev Eamonn Donnellychair
- Rev Nicodemus Lobo Ratu
- Rev. Gerhard Osthues
- Sanjeeb Xaxa Fr.
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £340k | £268k |
| 31/12/2023 | £328k | £239k |
| 31/12/2022 | £266k | £235k |
| 31/12/2021 | £293k | £304k |
| 31/12/2020 | £250k | £184k |
Common questions
Is THE SOCIETY OF THE DIVINE WORD financially healthy?
The accounts state that total reserves stood at £10,645,719, comprising £8,929,012 in unrestricted free reserves. The trustees consider the financial position satisfactory and report no material uncertainties regarding the charity's ability to continue as a going concern. The charity operates on a defined contribution pension scheme with no disclosed pension deficit. Its FY2024 accounts were audited by AAB Group Accountants Limited.
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