THE HANDMAIDS OF MARY TRUST
Support of the religious and other charitable works of the community of sisters known as the Handmaids of Mary.
Financial health, per its FY2024 accounts
The accounts state that the charity generated a surplus of £32,724 for the year, with unrestricted bank and cash reserves totaling £702,814. The trustees confirm the charity has sufficient resources to meet its financial obligations for the foreseeable future, noting that reserves cover eight to ten years of normal expenditure. The charity holds a freehold property with a net book value of £982,722, though the trustees note the market value is considerably higher.
What the accounts disclose
“Donations for Sisters’ services was £36.7k (2023: £28.7k) as sisters were able to commit more to delivering acre support services.” — page 5
“estimate that, given the age profile of the sisters in England, a Fund in the region of at least £2m to £2.5m would be required to make full provision for this commitment of the charity.” — page 5
Trustees
- SISTER PILAR SAENZ DE UGARTE ECHAZARRAchair
- SISTER MARIA DEL CARMEN LACUNZA MUZQUIZ
- Sister Micaela Olmedo Serratos
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £99k | £67k |
| 31/12/2023 | £96k | £71k |
| 31/12/2022 | £72k | £124k |
| 31/12/2021 | £88k | £134k |
| 31/12/2020 | £56k | £101k |
Common questions
Is THE HANDMAIDS OF MARY TRUST financially healthy?
Per its FY2024 accounts: The accounts state that the charity generated a surplus of £32,724 for the year, with unrestricted bank and cash reserves totaling £702,814. The trustees confirm the charity has sufficient resources to meet its financial obligations for the foreseeable future, noting that reserves cover eight to ten years of normal expenditure. The charity holds a freehold property with a net book value of £982,722, though the trustees note the market value is considerably higher. Its FY2024 accounts were independently examined.