CONGREGATION OF LA RETRAITE CIO
Financial health, per its FY2022 accounts
The accounts state that the charity reported a net movement in funds of a deficit of £2,633,103 for the year ended 31 December 2022, primarily driven by a £2,120,162 loss on investments and increased charitable expenditure. Despite this deficit, the charity holds unrestricted reserves of £642,150, which the trustees aim to maintain at up to six months' worth of expenditure. The trustees confirmed that the going concern basis of accounting is appropriate and no material uncertainties were identified by the auditors.
What the accounts disclose
Structured financials (annual return, FY ending 31/12/2025)
Trustees
- Sister Barbara Staffordchair
- SISTER HILARY WHITE
- Sister Aileen Mary Murphy
- Sister Joanna Avril O'Regan
- Sister Mary Bellekom
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £866k | £1.0m |
| 31/12/2024 | £862k | £1.8m |
| 31/12/2023 | £1.1m | £2.2m |
| 31/12/2022 | £697k | £1.1m |
| 31/12/2021 | £876k | £859k |
Common questions
Is CONGREGATION OF LA RETRAITE CIO financially healthy?
The accounts state that the charity reported a net movement in funds of a deficit of £2,633,103 for the year ended 31 December 2022, primarily driven by a £2,120,162 loss on investments and increased charitable expenditure. Despite this deficit, the charity holds unrestricted reserves of £642,150, which the trustees aim to maintain at up to six months' worth of expenditure. The trustees confirmed that the going concern basis of accounting is appropriate and no material uncertainties were identified by the auditors. Its FY2022 accounts were audited by Bishop Fleming LLP.