BELMONT ABBEY MISSION CIO
The advancement or maintenance of the Roman Catholic religion or other charitable purposes connected with the Roman Catholic church through the provision of parishes in England and Wales, and support of the work of Belmont Abbey General CIO
Financial health, per its FY2024 accounts
The accounts state that the charity generated a net income of £215,077 for the year ended 31 December 2024, driven by investment gains and charitable activities. The trustees report that free reserves of £85,810 are adequate, although they note these figures exceed the stated policy target of retaining between six months and two years of expenditure. The charity holds significant unrestricted investments valued at £2,677,940 and maintains a positive cash position.
What the accounts disclose
“general collections accounted for £364,049 (54%)”
“During the year to 31 December 2024, the charity paid levy charges of £48,331 (period from 1 July 2023 to 31 December 2023: £24,936) and rent of £15,000 (period from 1 July 2023 to 31 December 2023: £7,500) to Belmont Abbey General CIO.” — page 32
Property (HM Land Registry)
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
- FATHER DAVID JAMES ALEXANDER KENYON
- Rev Leo Primavesi
- Rev Mark Thomas Carney OSB
- Rev Shaun Patrick Thomas Regan
- Rev Stephen Joseph McGurk OSB STL
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £680k | £515k |
| 31/12/2023 | £258k | £272k |
| 30/06/2023 | £529k | £525k |
| 30/06/2022 | £4.1m | £412k |
| 30/06/2021 | £0 | £0 |
Common questions
Is BELMONT ABBEY MISSION CIO financially healthy?
Per its FY2024 accounts: The accounts state that the charity generated a net income of £215,077 for the year ended 31 December 2024, driven by investment gains and charitable activities. The trustees report that free reserves of £85,810 are adequate, although they note these figures exceed the stated policy target of retaining between six months and two years of expenditure. The charity holds significant unrestricted investments valued at £2,677,940 and maintains a positive cash position. Its FY2024 accounts were audited by Thorne Widgery Accountancy Limited.