SOCIETY OF JESUS TRUST OF 1929 FOR ROMAN CATHOLIC PURPOSES
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net operating deficit of £15.9m over the 18-month period, but this was offset by significant investment gains of £86.7m, resulting in a net positive movement in funds of £70.8m. Total funds increased to £784m, with unrestricted general funds rising to £7.7m, which the trustees note is slightly above their stated reserves policy target of £6.3m.
What the accounts disclose
“£200,001 - £210,000 1”
“The trustees’ policy is to aim to hold a minimum of 6 months’ worth of premises costs and 3 months’ worth of administration and other support costs, which for the period ended 31 March 2025 equated to £6.3m”
“the trustees of the Society of Jesus Trust of 1929 for Roman Catholic Purposes have prepared the accounts on a basis other than going concern. This is due to the trustees’ decision to transfer all the activities, assets and liabilities of the unincorporated charity to a newly formed Charitable Incorporated Organisation on 1 April 2025.”
“It is funded from the 1921 and 1929 Trusts by loans, and the amount due from the 1990 Trust at 31 March is £32,077,447” — page 59
“The Trust has one wholly owned trading subsidiary, St John’s Beaumont Development Company Limited” — page 46
Year-over-year changes
- Going concern: no going-concern doubt (FY2023) → going-concern doubt noted (FY2025).
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Rev Peter Gallagherchair
- Fr Keith Patrick McMillan SJ
- Rev Arthur Stephen Power SJ
- Rev David Smolira SJ
- Rev Gerard Mitchell SJ
- Rev Nicholas Owen Austin SJ
- Rev Paul Nicholson SJ
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £48.9m | £64.8m |
| 30/09/2023 | £28.0m | £40.8m |
| 30/09/2022 | £27.3m | £37.7m |
| 30/09/2021 | £21.2m | £32.9m |
| 30/09/2020 | £29.1m | £33.5m |
Common questions
Is SOCIETY OF JESUS TRUST OF 1929 FOR ROMAN CATHOLIC PURPOSES financially healthy?
The accounts state that the charity reported a net operating deficit of £15.9m over the 18-month period, but this was offset by significant investment gains of £86.7m, resulting in a net positive movement in funds of £70.8m. Total funds increased to £784m, with unrestricted general funds rising to £7.7m, which the trustees note is slightly above their stated reserves policy target of £6.3m. Its FY2025 accounts were audited by Buzzacott Audit LLP.
What does the highest-paid employee of SOCIETY OF JESUS TRUST OF 1929 FOR ROMAN CATHOLIC PURPOSES earn?
Per its FY2025 accounts, the highest-paid employee was in the £200,001 - £210,000 band.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 22/06/2017 | £224k | "Holy Name Church, Oxford Road, Manchester - Repair and Restoration" |
| The National Lottery Heritage Fund | 26/02/1999 | £6k | "Church of the Sacred Heart, Edinburgh - Nazarene Paintings" |
| The National Lottery Heritage Fund | 25/06/1996 | £438k | "The Holy Name of Jesus Church, Manchester - Repairs" |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE PONTOON TRUST | 1 | £1.9m |