FMDM FOUNDATION CIO
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net income of £675,035 for the year ended 31 December 2024, driven by net investment gains of £4,123,393 which offset a net expenditure on activities of £3,448,358. Per the trustees' report, total reserves stood at £102.4 million, with the trustees considering free reserves to be adequate but not excessive against a policy target of approximately four months' expenditure.
What the accounts disclose
“The Trustees consider that, given the nature of the Charity’s work and its commitments, the level of free reserves should be approximately four months’ expenditure.” — page 24
“All Sister Trustees are members of the Franciscan Missionaries of the Divine Motherhood and as such their living and personal costs are borne by the Charity.” — page 26
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (04/06/2024)
Trustees
- CHRISTOPHER JOHN ILEYchair
- Georgina Anne Hovey
- John Anthony Herring
- John Barrington Quin
- Julian James Hills
- Julie Margaret Gayler
- Lynda Clarke Donaldson
- Peter Arthur White
- SISTER HELEN TERESA DOYLE
- Sr Helena McEvilly
- Thomas David Horton
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £5.2m | £8.6m |
| 31/12/2023 | £104.0m | £9.8m |
Common questions
Is FMDM FOUNDATION CIO financially healthy?
The accounts state that the charity reported a net income of £675,035 for the year ended 31 December 2024, driven by net investment gains of £4,123,393 which offset a net expenditure on activities of £3,448,358. Per the trustees' report, total reserves stood at £102.4 million, with the trustees considering free reserves to be adequate but not excessive against a policy target of approximately four months' expenditure. Its FY2024 accounts were audited by Buzzacott Audit LLP.