DISCALCED CARMELITES UK CIO
Financial health, per its FY2025 accounts
The accounts state that unrestricted funds stood at £2,504,062, with £1,304,062 available for general purposes, representing approximately six years of normal expenditure. The trustees consider this reserve level to be a reasonable provision for the charity's ongoing requirements. The net movement in funds for the year was a positive £2,558,771, driven by investment gains.
What the accounts disclose
“The balance of £1,304,062 is available for the general purposes of the charity and represents approximately 6 years normal expenditure which the trustees' consider to be a reasonable provision for the ongoing requirements of the charity.”
“During the year, the charity paid a total of £150,817 (2024: £488,434) to the Friends of Whitefriars Oxford Trust, to support of its courses, running of its Retreat Centre and the publishing of Mount Carmel. It received no funds from the Community Order of Discalced Carmelites, Kensington.” — page 16
Year-over-year changes
- Reserves position vs the charity's own policy moved from "above" (FY2024) to "within" (FY2025).
Register events
- Received assets from another charity (11/02/2025)
- Received assets from another charity (13/01/2025)
Trustees
- Chinedum Thaddeus Ekuma
- Rev James Noel Noonan
- Rev Jerome Oseagwina Ituah
- Rev Liam Joseph Finnerty
- Rev Michael McGoldrick
- Rev Vincent O'Hara
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £203k | £442k |
| 05/04/2024 | £245k | £756k |
| 05/04/2023 | £0 | £0 |
Common questions
Is DISCALCED CARMELITES UK CIO financially healthy?
The accounts state that unrestricted funds stood at £2,504,062, with £1,304,062 available for general purposes, representing approximately six years of normal expenditure. The trustees consider this reserve level to be a reasonable provision for the charity's ongoing requirements. The net movement in funds for the year was a positive £2,558,771, driven by investment gains. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| FMM GENERALATE UK CIO | 1 | £2.2m |