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ST. TERESA'S HOME CIO

Registered charity 1189921 · accounts filings on the Charity Commission register

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Latest income
£1.7m
Latest spending
£1.6m
Registered
2020
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity generated a net surplus of £51,319 for the year ended 31 March 2025, driven by increased care fees and investment gains. Per the trustees' report, free reserves of £782,609 are considered adequate and consistent with the stated policy of holding six to twelve months' expenditure, although they are at the lower end of that range. The trustees concluded there are no material uncertainties regarding the charity's ability to continue as a going concern.

What the accounts disclose

Reserves policy: six to twelve months’ expenditure (held: £783k)
“The trustees consider that, given the nature of the charity’s work, the level of free reserves should be approximately equal to six to twelve months’ expenditure.” — page 7
Per its FY2025 accounts as filed with the Charity Commission.
Payments to trustees: Two trustees received remuneration totalling £68,458.
“Two of the trustees received remuneration totalling £68,458 (2024 - £67,820) directly from the Home in respect of their services.” — page 25
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: St Teresa’s Home CIO contributed £86,583 to St Anne’s in recognition of the services provided by members of the Congregation of the Sisters of St Anne.
“St Teresa’s Home CIO contributed £86,583 (2024 - £84,279) to St Anne’s in recognition of the services provided by members of the Congregation of the Sisters of St Anne;” — page 28
“St Teresa’s Home CIO received £14,581 (2024 - £22,953) from the Congregation of the Sisters of St Anne Charitable Trust towards the cost of residents fees for a member of the St Anne’s Congregation;” — page 28
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: St Teresa’s Home CIO received £14,581 from the Congregation of the Sisters of St Anne Charitable Trust towards the cost of residents fees for a member of the St Anne’s Congregation.
“St Teresa’s Home CIO contributed £86,583 (2024 - £84,279) to St Anne’s in recognition of the services provided by members of the Congregation of the Sisters of St Anne;” — page 28
“St Teresa’s Home CIO received £14,581 (2024 - £22,953) from the Congregation of the Sisters of St Anne Charitable Trust towards the cost of residents fees for a member of the St Anne’s Congregation;” — page 28
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: St Teresa’s Home CIO received £780 for provision of meals to members of the Congregation of the Sisters of St Anne.
“St Teresa’s Home CIO contributed £86,583 (2024 - £84,279) to St Anne’s in recognition of the services provided by members of the Congregation of the Sisters of St Anne;” — page 28
“St Teresa’s Home CIO received £14,581 (2024 - £22,953) from the Congregation of the Sisters of St Anne Charitable Trust towards the cost of residents fees for a member of the St Anne’s Congregation;” — page 28
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by Buzzacott Audit LLP. Discloses 4 of 6 completeness components.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£1.7m
Total spending
£1.6m
Cost of raising funds
£11k
Reserves (reported)
£783k
Employees
38

Reported reserves equal ~5.8 months of spending — above the median for charities its size (median 4.8 months; benchmarks).

Care Quality Commission ratings

CQC inspection ratings for services run by a provider matching this charity’s name (matched by name; verify provider identity on CQC’s site).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Merton

Income and spending

Financial year endIncomeSpending
31/03/2025£1.7m£1.6m
31/03/2024£1.6m£1.6m
31/03/2023£1.4m£1.5m
31/03/2022£2.5m£502k
31/03/2021£0£0

Common questions

Is ST. TERESA'S HOME CIO financially healthy?

The accounts state that the charity generated a net surplus of £51,319 for the year ended 31 March 2025, driven by increased care fees and investment gains. Per the trustees' report, free reserves of £782,609 are considered adequate and consistent with the stated policy of holding six to twelve months' expenditure, although they are at the lower end of that range. The trustees concluded there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2025 accounts were audited by Buzzacott Audit LLP.