SISTERS OF CHARITY OF ST PAUL THE APOSTLE
To be the support or advancement by lawful charitable means of charitable work for the time being carried on by the Congrgation & the advancement of the Roman Catholic Religion.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net movement in funds of £(3,858,063) for the year ended 31 December 2024, driven largely by a £2,276,251 impairment charge on the Vernon Road Convent property. Per the trustees' report, unrestricted free reserves stood at £839,396, which is below the stated policy target of maintaining funds not exceeding six months of projected expenditure. The trustees consider the going concern basis appropriate, citing diverse income streams and cost reductions, despite the significant drop in net assets from the prior year.
What the accounts disclose
“Free reserves at 31 December 2024 as defined above ore £839,396 (2023 - £1,567,460) and together with the Mission and Donation fund of £1,500,000 (2023 ~ £1,500,000) in aggregate represent not more than 6 months projected expenditure.”
“In 2024, the Irish subsidiary contributed £153,524 to the parent charity during the year. No amounts were awing at the balance sheet date.” — page 44
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- SISTER ANN SULLIVANchair
- MAIRE MARGARET LYNCH
- MARY CHRISTINE HAYES
- SISTER CECILIA BORDEA
- SISTER EILEEN THERESE BROWNE
- SISTER TERESA ANNE MURPHY
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £5.3m | £9.9m |
| 31/12/2023 | £8.7m | £12.0m |
| 31/12/2022 | £7.8m | £9.3m |
| 31/12/2021 | £7.8m | £9.1m |
| 31/12/2020 | £8.9m | £8.3m |
Common questions
Is SISTERS OF CHARITY OF ST PAUL THE APOSTLE financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net movement in funds of £(3,858,063) for the year ended 31 December 2024, driven largely by a £2,276,251 impairment charge on the Vernon Road Convent property. Per the trustees' report, unrestricted free reserves stood at £839,396, which is below the stated policy target of maintaining funds not exceeding six months of projected expenditure. The trustees consider the going concern basis appropriate, citing diverse income streams and cost reductions, despite the significant drop in net assets from the prior year. Its FY2024 accounts were audited by Dains Audit Limited.
Charities like this
- MATER ECCLESIAE CIO
- THE CONGREGATION OF THE SISTERS OF CHARITY OF SAINT LOUIS CIO
- THE DAUGHTERS OF CHARITY OF ST VINCENT DE PAUL CIO
- THE SISTERS OF THE POOR CHILD JESUS
- CHARITIES FOR ROMAN CATHOLIC PURPOSES ADMINISTERED IN CONNEXION WITH THE SISTERS OF THE HOLY TRINITY
- SISTERS OF CHRISTIAN EDUCATION CIO
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| SISTERS OF CHARITY OF ST PAUL THE APOSTLE | £5.3m | — | 0 | below | — | no doubt |
| MATER ECCLESIAE CIO | £354k | — | 0 | above | — | no doubt |
| THE CONGREGATION OF THE SISTERS OF CHARITY OF SAINT LOUIS CIO | £160k | — | 0 | unclear | — | no doubt |
| THE DAUGHTERS OF CHARITY OF ST VINCENT DE PAUL CIO | £2.7m | — | — | unclear | — | no doubt |
| THE SISTERS OF THE POOR CHILD JESUS | £295k | — | 0 | unclear | — | no doubt |
| CHARITIES FOR ROMAN CATHOLIC PURPOSES ADMINISTERED IN CONNEXION WITH THE SISTERS OF THE HOLY TRINITY | £143k | — | 0 | above | — | no doubt |