SISTERS OF MERCY SUNDERLAND
Latest income
£1.3m
Latest spending
£2.5m
Registered
1963
Accounts read
FY2023
Financial health, per its FY2023 accounts
The accounts state that total unrestricted funds stood at £31,364,051, representing an increase of £272,113 from the previous year. The trustees report a healthy balance sheet position, noting that the charity has adequate resources to continue in operational existence for the foreseeable future on a going concern basis.
What the accounts disclose
Reserves policy: suitable reserves policy in place (held: £31.4m)
“We have also reviewed our longer-term commitments (6 to 10 years) and are satisfied that we have a suitable reserves policy in place.” — page 6
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Grant and expenditure on behalf of Youth Ministry Trust
“During the year, the charity awarded a grant to Youth Ministry Trust amounting to £40,000 and incurred expenditure on behalf of the Trust, amount to £420. As at the year end, no balances were owed to the Trust.” — page 25
Per its FY2023 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/12/2024)
Total income
£1.3m
Total spending
£2.5m
Cost of raising funds
£94k
Reserves (reported)
£31.4m
Employees
0
Trustees
- Allison Mary Thompson
- Andrea Maria Shanks
- Madeleine Louise Hope
- SISTER PATRICIA ANNE ADRIENNE SHOULDER
- SISTER RAPHAEL MARY MARGARET Rowntree
- SISTER STEPHEN STELLA CATHERINE CHRISTON
- Sister Josepha Kathleen Matthews
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.3m | £2.5m |
| 31/12/2023 | £1.3m | £2.0m |
| 31/12/2022 | £1.4m | £2.7m |
| 31/12/2021 | £1.6m | £2.4m |
| 31/12/2020 | £1.4m | £2.2m |
Common questions
Is SISTERS OF MERCY SUNDERLAND financially healthy?
The accounts state that total unrestricted funds stood at £31,364,051, representing an increase of £272,113 from the previous year. The trustees report a healthy balance sheet position, noting that the charity has adequate resources to continue in operational existence for the foreseeable future on a going concern basis. Its FY2023 accounts were audited by Azets Audit Services.