SOCIETY OF JESUS TRUST OF 1929 FOR ROMAN CATHOLIC PURPOSES
PARISH MINISTRY: in parishes & in university chaplaincies SPIRITUALITY: centres, programmes & publications for spiritual education EDUCATION: schools, colleges of higher educationFORMATION: for Jesuits & Catholic clergySOCIAL JUSTICE & RELIEF OF POVERTY: Jesuit Refugee Service & service to the poorCARE OF INFIRM & ELDERLY JESUITS JESUIT WORK OVERSEAS
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) → not a going concern (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?
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. 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.
Who funds SOCIETY OF JESUS TRUST OF 1929 FOR ROMAN CATHOLIC PURPOSES?
Funders whose own accounts filings name SOCIETY OF JESUS TRUST OF 1929 FOR ROMAN CATHOLIC PURPOSES as a grant recipient include THE ENNISMORE CHARITABLE TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE ENNISMORE CHARITABLE TRUST | FY2025 | £10k |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 21/06/2024 | £14k | Art workshops for vulnerable refugees and asylum-seekers |
| City Bridge Foundation | 06/04/2023 | £184k | Grant to Jesuits in Britain CIO |
| The National Lottery Community Fund | 27/05/2021 | £10k | Refugee Volunteer Befriending Project |
| The National Lottery Community Fund | 03/10/2019 | £10k | JRS Creative Arts Space Project (CAS) |
| 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 |
Charities like this
- CONGREGATION OF JESUS CHARITABLE TRUST
- CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (GENERALATE)
- SOCIETY OF THE HOLY CHILD JESUS CIO
- CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION)
- Congregation of Jesus (Loreto Sisters) English Province
- JESUITS IN BRITAIN CIO
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| SOCIETY OF JESUS TRUST OF 1929 FOR ROMAN CATHOLIC PURPOSES | £48.9m | £200,001 - £210,000 | — | above | — | not going concern |
| CONGREGATION OF JESUS CHARITABLE TRUST | £2.5m | £60,001 - £70,000 | 2 | above | — | no doubt |
| CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (GENERALATE) | £3.3m | — | 0 | unclear | — | no doubt |
| SOCIETY OF THE HOLY CHILD JESUS CIO | £4.4m | — | — | within | — | no doubt |
| CHARITY FOR ST JOSEPH'S MISSIONARY SOCIETY (BRITISH REGION) | £2.2m | — | 0 | unclear | — | no doubt |
| Congregation of Jesus (Loreto Sisters) English Province | £2.7m | — | 0 | unclear | — | no doubt |