INSTITUTE OF CHARITY

Registered charity 222508 · accounts filings on the Charity Commission register · also known as ROSMINIANS

Rosminian parish ministry;Chaplaincy; Retreat and Renewal; Overseas Missionary Work and Donations;Social and Pastoral work;Education;Publication and Communications;Protection of Children and Vulnerable Adults;Support of members of the Congregation and their mission

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Latest income

£1.2m

Latest spending

£786k

Registered

1963

Accounts read

FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net surplus of £508,119 for the year ended 31 December 2024, with total unrestricted funds amounting to £2,846,506. The trustees confirm that these unrestricted funds exceed the stated reserves policy target of six months' expenditure, deeming the level of reserves appropriate to meet future commitments and support ageing members. The auditor concluded that there are no material uncertainties related to the charity's ability to continue as a going concern.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: six months' expenditure (held: £2.8m)

“the level of free reserves should be equivalent to at least six months’ expenditure.”

Per its FY2024 accounts as filed with the Charity Commission.

Related-party transaction: The charity received voluntary contributions from Ratcliffe College.

“During the period the Charity received voluntary contributions of £201,679 (year to 31 December 2022 – £244,607) from Ratcliffe College.” — page 50

“During the year ended 31 December 2024, the Charity occupied property owned by Ratcliffe College under an informal agreement rent free.” — page 50

Per its FY2024 accounts as filed with the Charity Commission.

Related-party transaction: The charity occupied property owned by Ratcliffe College rent-free.

“During the period the Charity received voluntary contributions of £201,679 (year to 31 December 2022 – £244,607) from Ratcliffe College.” — page 50

“During the year ended 31 December 2024, the Charity occupied property owned by Ratcliffe College under an informal agreement rent free.” — page 50

Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by RBK Audit UK Limited. Discloses 5 of 6 completeness components.

Structured financials (annual return, FY ending 31/12/2024)

Total income

£1.2m

Total spending

£786k

Cost of raising funds

£39k

Reserves (reported)

£7.4m

Employees

Reported reserves equal ~112.3 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Per its annual return, cost of raising funds: 3.2% of total income — below the median for charities its size (5.2%) (benchmarks).

Register events

Received assets from another charity (26/04/2011) — per the register’s event history; asset transfers typically record mergers or reorganisations.

Trustees · trustee networks

Father Christopher Fuse
Fr David John Myers IC · trustee of 2 other charities
Rev ANTHONY JOSEPH FURLONG BA · trustee of 1 other charity
Rev Antonio Belsito · trustee of 3 other charities
Tom Thomas · trustee of 4 other charities

Trustee list from the Charity Commission register (current, not historical).

Operates in: Cardiff · City Of London · Leicestershire · Newport City · Warwickshire

Income and spending

Financial year end	Income	Spending
31/12/2024	£1.2m	£786k
31/12/2023	£883k	£885k
31/12/2022	£1.5m	£1.3m
31/12/2021	£804k	£712k
31/12/2020	£694k	£789k

Common questions

Is INSTITUTE OF CHARITY financially healthy?

Per its FY2024 accounts: The accounts state that the charity reported a net surplus of £508,119 for the year ended 31 December 2024, with total unrestricted funds amounting to £2,846,506. The trustees confirm that these unrestricted funds exceed the stated reserves policy target of six months' expenditure, deeming the level of reserves appropriate to meet future commitments and support ageing members. The auditor concluded that there are no material uncertainties related to the charity's ability to continue as a going concern. Its FY2024 accounts were audited by RBK Audit UK Limited.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

Funder	Similar charities funded	Amount to them
THE ENNISMORE CHARITABLE TRUST	1	£25k
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHESTER, CHRIST CHURCH	1	£300

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE SISTERS OF THE POOR CHILD JESUS.

THE SISTERS OF THE POOR CHILD JESUS income £295k
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY APOSTLES, CHARLTON KINGS income £263k
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PHILEMON TOXTETH income £142k
CENTRE MINISTRIES income £1.8m
CAMBRIDGE UNIVERSITY CATHOLIC ASSOCIATION CIO income £399k
TRUST PROPERTY HELD IN CONNEXION WITH THE SISTERS OF THE HOLY FAMILY OF BORDEAUX income £1.5m

Side by side with its peers

Charity	Income	Top pay band	Reserves vs policy	Fundraising cost	Going concern
INSTITUTE OF CHARITY	£1.2m	—	above	—	no doubt
THE SISTERS OF THE POOR CHILD JESUS FY2025	£295k	—	unclear	—	no doubt
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY APOSTLES, CHARLTON KINGS FY2024	£263k	—	unclear	—	no doubt
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PHILEMON TOXTETH FY2024	£142k	—	unclear	—	no doubt
CENTRE MINISTRIES FY2025	£1.8m	—	unclear	—	no doubt
CAMBRIDGE UNIVERSITY CATHOLIC ASSOCIATION CIO FY2025	£399k	—	above	—	no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.