BELMONT ABBEY GENERAL CIO
The support of the community of Benedictine monks based at Belmont Abbey in Herefordshire in their work and life under the Rule of St Benedict
Financial health, per its FY2023 accounts
The accounts state that the charity generated a net income of £139,448 for the year ended 30 June 2023, resulting in total unrestricted funds of £880,866. The trustees consider this level of free reserves to be adequate but not excessive, noting that the charity is a going concern with sufficient resources to meet liabilities as they fall due.
What the accounts disclose
“It is the trustees' current policy to maintain free, undesignated reserves of between one- and two-years' expenditure.” — page 8
“During the year to 30 June 2023, the charity received levy income of E48, 331 (2022: E48, 331) and rental income of E15,000 (2022: E15,000) from Belmont Abbey Mission CIO (Charity Registration Number 1191221), which is under common controL” — page 37
“The trustees worked together with the Independent Inquiry into Child Sexual Abuse, which investigated historical cases of abuse and actively co-operated as required. They have studied the IICSA Report on the Enggsh Benedictine Congregation and have worked to implement all the necessary changes envisaged in the report.” — page 10
“The consolidated statement of financial activities and the group balance sheet consolidate the accounts of Belmont Abbey General CIO and its subsidiary companies, Monksoft Limited and Benedomus Limited, to 30 June 2023.” — page 19
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (17/06/2025)
Trustees
- Right Reverend Keith Brendan Martel Thomas OSBchair
- Dom Paul Keith Dunstan Nelson
- FATHER DAVID JAMES ALEXANDER KENYON
- Rev Leo Thomas Augustine Primavesi
- Rev Mark Thomas Carney OSB
- Rev Michael Irwin Evans OSB
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.4m | £1.2m |
| 31/12/2023 | £584k | £541k |
| 30/06/2023 | £1.1m | £927k |
| 30/06/2022 | £7.4m | £839k |
| 30/06/2021 | £0 | £0 |
Common questions
Is BELMONT ABBEY GENERAL CIO financially healthy?
Per its FY2023 accounts: The accounts state that the charity generated a net income of £139,448 for the year ended 30 June 2023, resulting in total unrestricted funds of £880,866. The trustees consider this level of free reserves to be adequate but not excessive, noting that the charity is a going concern with sufficient resources to meet liabilities as they fall due. Its FY2023 accounts were audited by Thorne Widgery Accountancy Ltd.