ST MILDRED'S ABBEY, MINSTER, KENT
the work of the charity is to support the work of the Roman Catholic Church throughout the world. As Benedicitnes the main purpose of our lives is to seek to be open to God, this means giving open hearted welcome to all those who come to our monastebringing contact with a whole range of the worlds experience. 1. hospitality 2. thorugh our prayer and liturgy3. care of ancient buildings.
Financial health, per its FY2024 accounts
The accounts state that the charity holds unrestricted reserves of £1,901,779, which the trustees consider appropriate given their policy target of 12 to 18 months of expenditure. The filing notes that the charity is entitled to exemption from audit and has undergone an independent examination rather than a statutory audit.
What the accounts disclose
“the level of free reserves should be approximately equal to 12 to 18 months expenditure.”
Trustees
- MOTHER PRIORESS NIKOLA PROKSCH OSBchair
- SISTER Benedict Gaughan OSB
- SISTER Kathleen Caton OSB
- Sister Aelred Erwin
- Sr Walburga Lisa Paget
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £387k | £280k |
| 31/12/2023 | £295k | £268k |
| 31/12/2022 | £160k | £306k |
| 31/12/2021 | £229k | £169k |
| 31/12/2020 | £125k | £154k |
Common questions
Is ST MILDRED'S ABBEY, MINSTER, KENT financially healthy?
Per its FY2024 accounts: The accounts state that the charity holds unrestricted reserves of £1,901,779, which the trustees consider appropriate given their policy target of 12 to 18 months of expenditure. The filing notes that the charity is entitled to exemption from audit and has undergone an independent examination rather than a statutory audit. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ST CECILIA'S ABBEY RYDE ISLE OF WIGHT | 1 | £215k |
| THE FOUNDATION OF ST. BENEDICT OF NURSIA | 1 | £43k |
| GOWLING WLG (UK) CHARITABLE TRUST | 1 | £1k |
Charities like this
- ST MARY'S ABBEY, QUARR
- AMPLEFORTH ABBEY
- PCC St Mildred's and St Michael's Tenterden
- MOUNT ST BERNARD ABBEY TRUSTEES REGISTERED
- THE TRUST OF ST BENEDICT'S ABBEY EALING
- THE FOUNDATION OF ST. BENEDICT OF NURSIA
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| ST MILDRED'S ABBEY, MINSTER, KENT | £387k | — | 0 | unclear | — | no doubt |
| ST MARY'S ABBEY, QUARR | £1.6m | — | 0 | unclear | — | no doubt |
| AMPLEFORTH ABBEY | £22.2m | £200,000 - £220,000 | — | unclear | — | no doubt |
| PCC St Mildred's and St Michael's Tenterden | £825k | — | 0 | above | — | no doubt |
| MOUNT ST BERNARD ABBEY TRUSTEES REGISTERED | £1.4m | — | 0 | below | — | no doubt |
| THE TRUST OF ST BENEDICT'S ABBEY EALING | £1.7m | — | 0 | unclear | — | no doubt |