THE CONGREGATION OF THE HOLY SPIRIT AND THE IMMACULATE HEART OF MARY (BRITISH PROVINCE)
Financial health, per its FY2024 accounts
The accounts state that the group reported a net movement in funds surplus of £201,046 for the year ended 31 December 2024, with total income of £2,797,543 and total expenditure of £2,581,817. Per the trustees' report, the charity holds free reserves of £2,145,307, which is slightly below the stated policy target of one year's running costs, though the trustees consider the level appropriate given geopolitical events.
What the accounts disclose
“The level of free reserves is currently less than the target and the trustees continue to keep the level of reserves under review.”
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Rev Ugochukwu Ikwuka CSSpchair
- Rev Georges Matip Arthur Marie CSSp
- Rev Patrick Adusei-Poku CSSp
- Rev Ricklan Stephen Mallya CSSp
- Rev Solomon Shamee CSSp
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £2.7m | £2.6m |
| 31/12/2023 | £2.1m | £2.1m |
| 31/12/2022 | £2.0m | £1.9m |
| 31/12/2021 | £2.0m | £1.9m |
| 31/12/2020 | £1.6m | £1.6m |
Common questions
Is THE CONGREGATION OF THE HOLY SPIRIT AND THE IMMACULATE HEART OF MARY (BRITISH PROVINCE) financially healthy?
The accounts state that the group reported a net movement in funds surplus of £201,046 for the year ended 31 December 2024, with total income of £2,797,543 and total expenditure of £2,581,817. Per the trustees' report, the charity holds free reserves of £2,145,307, which is slightly below the stated policy target of one year's running costs, though the trustees consider the level appropriate given geopolitical events. Its FY2024 accounts were audited by Buzzacott Audit LLP.