INSTITUTE OF THE RELIGIOUS OF THE SACRED HEART OF MARY IMMACULATE VIRGIN

Registered charity 232190 · accounts filings on the Charity Commission register · also known as INSTITUTE OF THE RELIGIOUS OF THE SISTERS OF THE SACRED HEART OF MARY IMMACULATE VIRGIN, GREAT CROSBY, LANCS · also registered in Scotland as SC039536 (OSCR)

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Latest income
£1.3m
Latest spending
£2.2m
Registered
1964
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that total income decreased by £101k to £1.3m while total expenditure increased by £88k to £1.5m, resulting in a net expenditure for the year. The charity holds total funds of £11.9 million, with £7 million designated for the support of older members and approximately £2.2 million held as unrestricted reserves, which the Trustees believe is sufficient for unforeseen emergencies.

What the accounts disclose

Reserves policy: unclear (held: £2.2m)
The balance of approximately £2.2 million which the Trustees believe is sufficient to provide against unforeseen emergencies. — page 9
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by HaysMac LLP. Discloses 4 of 6 completeness components.

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

Total income
£1.3m
Total spending
£2.2m
Cost of raising funds
£50k
Reserves (reported)
£650k
Employees
29

Reported reserves equal ~3.6 months of spending — below the median for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Brazil · France · Ireland · Throughout England And Wales · Zambia · Zimbabwe

Income and spending

Financial year endIncomeSpending
31/12/2024£1.3m£2.2m
31/12/2023£1.4m£2.1m
31/12/2022£1.3m£2.0m
31/12/2021£1.2m£1.9m
31/12/2020£1.3m£2.0m

Common questions

Is INSTITUTE OF THE RELIGIOUS OF THE SACRED HEART OF MARY IMMACULATE VIRGIN financially healthy?

The accounts state that total income decreased by £101k to £1.3m while total expenditure increased by £88k to £1.5m, resulting in a net expenditure for the year. The charity holds total funds of £11.9 million, with £7 million designated for the support of older members and approximately £2.2 million held as unrestricted reserves, which the Trustees believe is sufficient for unforeseen emergencies. Its FY2024 accounts were audited by HaysMac LLP.