INSTITUTE OF THE RELIGIOUS OF THE SACRED HEART OF MARY IMMACULATE VIRGIN
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
“The balance of approximately £2.2 million which the Trustees believe is sufficient to provide against unforeseen emergencies.” — page 9
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- SISTER MARY MULLINS
- SISTER ROSEMARY LENEHAN
- Sister Breda Byrne
- Sister Kathleen ODonovan
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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.