TRUST FUND HELD IN CONNECTION WITH CANONS REGULAR OF THE IMMACULATE CONCEPTION
The carrying out of the various priestly and other functions in the religious life of the congregation. The care or maintenance of any parish in the care of the congregation. To support CRIC and the advancement of the Roman Catholic religion.
Financial health, per its FY2024 accounts
The charity holds unrestricted reserves of £2,252,430, an increase from the previous year's £2,116,815. The accounts state that the portfolio performed at a satisfactory level, generating investment income of £62,538. The trustees confirm that resources are adequate and no material uncertainties exist regarding the charity's ability to continue.
What the accounts disclose
“The Trustees wish to keep 70% of the assets as investments that can be realised in three months. The Trustees aim to keep a minimum of 2% of the total assets in cash or near cash investments.” — page 4
“I must draw attention to the fact that due to the nature of the charitable expenditure, full documentary evidence of the expenditure was not available.” — page 6
“None of the trustees (or any persons connected with them) received any remuneration or benefits from the trust during the year in their role as Trustee. During the year grants were made totalling £21,126 (2023: £59,178). These grants included amounts paid to Reverend James Cassidy who is also a Trustee of the Charity. Payments to or on behalf of Reverend James Cassidy were paid in his capacity as Canon Regular for expenses in his work to advance the Roman Catholic religion in accordance with the Trust Deed. The total amounts paid were £19,676.” — page 10
Trustees
- Rev Allan Robert Jones CRICchair
- ADRIAN LEE
- Scott Greig
- Timothy Andrew Michael Pinto
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £63k | £60k |
| 31/12/2023 | £70k | £121k |
| 31/12/2022 | £53k | £71k |
| 31/12/2021 | £315k | £163k |
| 31/12/2020 | £155k | £0 |
Common questions
Is TRUST FUND HELD IN CONNECTION WITH CANONS REGULAR OF THE IMMACULATE CONCEPTION financially healthy?
Per its FY2024 accounts: The charity holds unrestricted reserves of £2,252,430, an increase from the previous year's £2,116,815. The accounts state that the portfolio performed at a satisfactory level, generating investment income of £62,538. The trustees confirm that resources are adequate and no material uncertainties exist regarding the charity's ability to continue. Its FY2024 accounts were independently examined.