CONGREGATION OF THE DAUGHTERS OF THE HOLY SPIRIT CIO
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net increase in funds of £836,626 for the year ended 31 December 2024, driven by voluntary income of £831,725 and investment gains of £648,323. Per the trustees' report, undesignated unrestricted reserves stood at £6,507,512, which is broadly equivalent to seven years' expenditure and is considered adequate but not excessive given the transitory nature of asset values.
What the accounts disclose
“Undesignated Funds stood at just over £6,507.5k and is thus which is broadly equivalent to seven years’ expenditure and is thus above the target range of approximately three years’ expenditure.” — page 13
“We the Daughters of the Holy Spirit in the English Province support our sisters in Africa financially, by sending money to enable these projects to take place. The money is sent to our General Bursar in France. He then distributes it to the various projects as needed.” — page 11
“Contribution to costs from Generalate of the Congregation” — page 26
“We the Daughters of the Holy Spirit in the English Province support our sisters in Africa financially, by sending money to enable these projects to take place. The money is sent to our General Bursar in France. He then distributes it to the various projects as needed.” — page 11
“Contribution to costs from Generalate of the Congregation” — page 26
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (11/11/2021)
Trustees
- Sister Anne Cecilia Morrischair
- SISTER EILEEN MARY GORMAN
- Sister Dympna Theresa Connolly
- Sister Margaret Esther Abbott
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.3m | £1.1m |
| 31/12/2023 | £985k | £1.1m |
| 31/12/2022 | £1.2m | £1.0m |
| 31/12/2021 | £19.1m | £1.1m |
| 31/12/2020 | £0 | £0 |
Common questions
Is CONGREGATION OF THE DAUGHTERS OF THE HOLY SPIRIT CIO financially healthy?
The accounts state that the charity reported a net increase in funds of £836,626 for the year ended 31 December 2024, driven by voluntary income of £831,725 and investment gains of £648,323. Per the trustees' report, undesignated unrestricted reserves stood at £6,507,512, which is broadly equivalent to seven years' expenditure and is considered adequate but not excessive given the transitory nature of asset values. Its FY2024 accounts were audited by Buzzacott Audit LLP.