The Susanna Initiative
(1)Providing, within the UK, Isle of Man and the Channel Islands, housing, or financial assistance towards the housing needs of, and any associated amenities upon terms appropriate to their means, for: Methodist presbyters and deacons of limited means, their widows, widowers and dependents and further provision/assistance to reduce need(2) Such other charitable purposes as the trustees determine
Financial health, per its FY2025 accounts
The accounts state that the charity generated a net operational surplus of £190k, resulting in an overall deficit of £96k after accounting for unrealised gains and losses on investments and property revaluations. The balance sheet position is described as robust with net assets of £190m, comprising a mix of programme-related housing investments, investment properties, and long-term financial investments. The trustees are satisfied that free reserves of £12m exceed the minimum coverage required by their reserves policy.
What the accounts disclose
“MMHS therefore targets holding free reserves more than the higher of six months' worth of expenditure and a 20% fall in the value of its investment funds. This figure would be £8.4m based on investment valuations at 31 August 2025.”
“One trustee (2024: two), Revd A M Taylor, was a ministerial resident of MMHS. His tenancy was on normal terms.” — page 43
Leadership, per the charity’s website
- Mairi Johnstone — Chief Executive
- Rachel Dawson — Director of Strategy and Planning
- Richard Miller — Director of Finance, Investments and ICT
- Alex Campbell — Chair
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/08/2025)
Trustees
- Alexander Campbellchair
- Abigail Labbett
- JOHN CHRISTOPHER APPLETON
- Kate Louise Andrews
- Rev Paul Martin
- Richard John Myers
- Sharon Jean Green
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £7.9m | £7.7m |
| 31/08/2024 | £7.9m | £7.6m |
| 31/08/2023 | £5.7m | £7.5m |
| 31/08/2022 | £7.5m | £7.1m |
| 31/08/2021 | £5.0m | £6.2m |
Common questions
Is The Susanna Initiative financially healthy?
Per its FY2025 accounts: The accounts state that the charity generated a net operational surplus of £190k, resulting in an overall deficit of £96k after accounting for unrealised gains and losses on investments and property revaluations. The balance sheet position is described as robust with net assets of £190m, comprising a mix of programme-related housing investments, investment properties, and long-term financial investments. The trustees are satisfied that free reserves of £12m exceed the minimum coverage required by their reserves policy. Its FY2025 accounts were audited by Forvis Mazars LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE GIBBS CHARITABLE TRUSTS | 1 | £20k |
| HEREFORDSHIRE COMMUNITY FOUNDATION | 1 | £10k |
Charities like this
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE PRIORY CHURCH OF ST PETER AND ST PAUL LEOMINSTER
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARK, BILTON
- THE LEADERS OF WORSHIP AND PREACHERS HOMES
- THE METHODIST CHURCH YORKSHIRE WEST DISTRICT
- SISTERS OF CHARITY OF ST JEANNE ANTIDE CIO
- UNITED METHODIST CHURCH (UK)
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| The Susanna Initiative | £7.9m | — | — | above | — | no doubt |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE PRIORY CHURCH OF ST PETER AND ST PAUL LEOMINSTER | £482k | — | 0 | above | — | no doubt |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARK, BILTON | £132k | — | 0 | below | — | noted |
| THE LEADERS OF WORSHIP AND PREACHERS HOMES | £3.4m | £80,000 - £85,000 | — | unclear | — | no doubt |
| THE METHODIST CHURCH YORKSHIRE WEST DISTRICT | £1.5m | — | 0 | above | — | no doubt |
| SISTERS OF CHARITY OF ST JEANNE ANTIDE CIO | £2.6m | — | — | unclear | — | no doubt |