CONGREGATION OF OUR LADY OF THE MISSIONS CIO
SUCH CHARITABLE PURPOSES WHICH ADVANCE THE RELIGIOUS AND OTHER CHARITABLE WORK FOR THE TIME BEING CARRIED ON BY OR UNDER THE DIRECTION OF THE CONGREGATION AS THE TRUSTEES WITH THE APPROVAL OF THE PROVINCE LEADER SHALL FROM TIME TO TIME THINK FIT
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure of £214,974 for the year, primarily due to a significant reduction in income from the sale of fixed assets compared to the prior year. Despite this deficit, the trustees confirm that free reserves of £1.72 million are consistent with their policy target of approximately one year's expenditure, and they believe the charity has sufficient resources to continue its charitable objectives.
What the accounts disclose
“The trustees consider that, given the nature of the charity’s work, the level of the charity’s free reserves should ideally be approximately a year’s expenditure to provide for contingencies and unevenness in future income.” — page 27
“During the year donations totalling £170,204 were received by the CIO from Congregation of Our Lady of the Missions (Ireland) CLG (2023 - £342,674 ).”
Year-over-year changes
- Reserves position vs the charity's own policy moved from "below" (FY2023) to "within" (FY2024).
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (02/12/2021)
Trustees
- Sister Catherine Patricia Corriganchair
- SISTER MARGARET TROWER WARD MURPHY
- Sister Margaret Mary Doherty
- Sister Mary Brigid Toner RNDM
- Sister Pauline McDonald RNDM
- Sister Rose Mary Harbinson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.2m | £1.7m |
| 31/12/2023 | £3.9m | £1.6m |
| 31/12/2022 | £1.0m | £1.5m |
| 31/12/2021 | £15.4m | £1.3m |
| 31/12/2020 | £0 | £0 |
Common questions
Is CONGREGATION OF OUR LADY OF THE MISSIONS CIO financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net expenditure of £214,974 for the year, primarily due to a significant reduction in income from the sale of fixed assets compared to the prior year. Despite this deficit, the trustees confirm that free reserves of £1.72 million are consistent with their policy target of approximately one year's expenditure, and they believe the charity has sufficient resources to continue its charitable objectives. Its FY2024 accounts were audited by Buzzacott Audit LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE FOOTBALL FOUNDATION | 1 | £1.6m |
| BEIS MENACHEM CHABAD LUBAVITCH | 1 | £183k |
| YESHIVAS LUBAVITCH MANCHESTER | 1 | £20k |
| LIVING WELL UK | 1 | £14k |
| THE ALBERT GUBAY CHARITABLE FOUNDATION | 1 | £12k |
| THE PENNIES FOUNDATION | 1 | £7k |
| EDITH BESSIE GIBSON TRUST | 1 | £6k |
| THE PWC FOUNDATION | 1 | £5k |
Charities like this
- THE CONGREGATION OF THE LITTLE SISTERS OF THE POOR - ENGLISH PROVINCE
- BEIS HAMEDRASH SHAAREI TEFILLAH
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH DORE
- MATER ECCLESIAE CIO
- YAD VEACHISOMOCH L'CHAIM
- ASTON VILLA FOUNDATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| CONGREGATION OF OUR LADY OF THE MISSIONS CIO | £1.2m | — | 0 | within | — | no doubt |
| THE CONGREGATION OF THE LITTLE SISTERS OF THE POOR - ENGLISH PROVINCE | £21.7m | — | 0 | within | — | no doubt |
| BEIS HAMEDRASH SHAAREI TEFILLAH | £133k | — | 0 | above | — | no doubt |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH DORE | £403k | — | 0 | above | — | no doubt |
| MATER ECCLESIAE CIO | £354k | — | 0 | above | — | no doubt |
| YAD VEACHISOMOCH L'CHAIM | £834k | — | 0 | unclear | — | no doubt |