SISTERS OF THE CROSS AND PASSION CIO
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net expenditure of £4,046,788 for the year, resulting in total reserves of £58,447,446. The trustees consider the level of free reserves, amounting to £6,444,809, to be adequate and in excess of their stated policy target of approximately £6.2 million. The financial position is supported by significant investment assets and unrestricted funds, despite the high costs associated with caring for an aging congregation.
What the accounts disclose
“As shown above, St Gemma’s Hospice has employed fourteen individuals (2024 – eight) who earned over £60,000.” — page 61
“The trustees consider that, given the nature of the Charity’s work and its commitments, the level of free reserves should be up to an amount equal to annual unrestricted expenditure, currently approximately £6.2 million.” — page 33
“During the year ended 31 March 2025, the charity made donations amounting to £11,300 (2024 – £140,000) to the Sisters of the Cross and Passion Charitable Trust (the predecessor charity) to cover legal fees, insurance premia, utility bills and security costs relating to St Gabriel’s Hall and the Imani Centre.” — page 74
“These properties were sold by the predecessor charity during 2024, resulting in a donation of the proceeds of £9,750,000 from the predecessor charity to the Charity.”
“During the year ended 31 March 2025, the charity made donations amounting to £11,300 (2024 – £140,000) to the Sisters of the Cross and Passion Charitable Trust (the predecessor charity) to cover legal fees, insurance premia, utility bills and security costs relating to St Gabriel’s Hall and the Imani Centre.” — page 74
“These properties were sold by the predecessor charity during 2024, resulting in a donation of the proceeds of £9,750,000 from the predecessor charity to the Charity.”
“During the year ended 31 March 2025, the charity made donations amounting to £11,300 (2024 – £140,000) to the Sisters of the Cross and Passion Charitable Trust (the predecessor charity) to cover legal fees, insurance premia, utility bills and security costs relating to St Gabriel’s Hall and the Imani Centre.” — page 74
“These properties were sold by the predecessor charity during 2024, resulting in a donation of the proceeds of £9,750,000 from the predecessor charity to the Charity.”
“St Gemma’s Hospice has a wholly owned subsidiary, St Gemma’s Hospice Services Limited, a company incorporated in the United Kingdom and registered in England and Wales Company No. 03739423. The company undertakes trading activities including the sale of goods and the provision of room hire.” — page 73
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Sister Margaret O Regan C.P.chair
- Sister Claire Antoinette Dawson C.P.
- Sister Eithne Donoghue C.P.
- Sister Margaret Christina Gorman C.P.
- Sister Marie McNeice C.P.
- Sister Maureen McNally C.P.
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £18.4m | £22.4m |
| 31/03/2024 | £26.5m | £20.5m |
| 31/03/2023 | £17.4m | £18.6m |
| 31/03/2022 | £62.5m | £18.6m |
| 31/03/2021 | £0 | £0 |
Common questions
Is SISTERS OF THE CROSS AND PASSION CIO financially healthy?
The accounts state that the charity reported a net expenditure of £4,046,788 for the year, resulting in total reserves of £58,447,446. The trustees consider the level of free reserves, amounting to £6,444,809, to be adequate and in excess of their stated policy target of approximately £6.2 million. The financial position is supported by significant investment assets and unrestricted funds, despite the high costs associated with caring for an aging congregation. Its FY2025 accounts were audited by Saffery LLP.
Who funds SISTERS OF THE CROSS AND PASSION CIO?
Funders whose own accounts filings name SISTERS OF THE CROSS AND PASSION CIO as a grant recipient include SISTERS OF THE CROSS AND PASSION.
Shared trustees with funders
- Sister Claire Antoinette Dawson C.P. — trustee here and at SISTERS OF THE CROSS AND PASSION
- Sister Eithne Donoghue C.P. — trustee here and at SISTERS OF THE CROSS AND PASSION
- Sister Marie McNeice C.P. — trustee here and at SISTERS OF THE CROSS AND PASSION
- Sister Maureen McNally C.P. — trustee here and at SISTERS OF THE CROSS AND PASSION
Known funders
| Funder | Year | Amount |
|---|---|---|
| SISTERS OF THE CROSS AND PASSION | FY2024 | £9.8m |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ST PETER'S CHARITY | 1 | £6k |