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RELIGIOUS SISTERS OF CHARITY

Registered charity 231323 · accounts filings on the Charity Commission register · also known as RELIGIOUS SISTERS OF CHARITY OF IRELAND, RELIGIOUS SISTERS OF CHARITY OF IRELAND (KNOWN AS THE IRISH SISTERS OF CHARITY) · also registered in Scotland as SC039185 (OSCR)

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Latest income
£1.4m
Latest spending
£21.9m
Registered
1963
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity's activities, assets, and liabilities were transferred to a new Charitable Incorporated Organisation (CIO) at midnight on 31 December 2024, resulting in the charity having no remaining assets or liabilities. Per the trustees' report, the charity's free reserves of £2,782,186 were within the stated policy parameters of 12 to 24 months' recurring expenditure prior to the transfer. The auditor's report notes that the accounts were prepared on a basis other than going concern due to this legal transfer.

What the accounts disclose

Reserves policy: between 12 and 24 months’ recurring expenditure on general funds (held: £2.8m)
“The trustees consider that, given the nature of the charity’s work and its future commitments, the level of free reserves should remain relatively high at between 12 and 24 months’ recurring expenditure on general funds.” — page 11
Per its FY2024 accounts as filed with the Charity Commission.
Going concern: noted by the trustees or auditor
“We draw attention to the principal accounting policies on page 25 which states that the trustees of Religious Sisters of Charity have prepared the accounts on a basis other than going concern. This is due to the legal transfer of all activities, assets and liabilities of the unincorporated charity to Religious Sisters of Charity CIO at midnight on 31 December 2024.” — page 19
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Buzzacott Audit LLP. Discloses 5 of 6 completeness components.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£1.4m
Total spending
£21.9m
Reserves (reported)
£0
Employees
0

Reported reserves equal ~0.0 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Scotland

Income and spending

Financial year endIncomeSpending
31/12/2024£1.4m£21.9m
31/12/2023£771k£2.9m
31/12/2022£1.2m£1.4m
31/12/2021£2.8m£3.7m
31/12/2020£889k£1.1m

Common questions

Is RELIGIOUS SISTERS OF CHARITY financially healthy?

The accounts state that the charity's activities, assets, and liabilities were transferred to a new Charitable Incorporated Organisation (CIO) at midnight on 31 December 2024, resulting in the charity having no remaining assets or liabilities. Per the trustees' report, the charity's free reserves of £2,782,186 were within the stated policy parameters of 12 to 24 months' recurring expenditure prior to the transfer. The auditor's report notes that the accounts were prepared on a basis other than going concern due to this legal transfer. Its FY2024 accounts were audited by Buzzacott Audit LLP.