THE PRINKNASH ABBEY CHARITIES
The advancement of the charitable works being carried on by the community of Benedictine monks as the Abbot shall from time to time direct.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net outgoing resource deficit of £28,082 for the year ended 31 December 2024, following a larger deficit in the prior year. Free reserves stood at £3,232,793, which the Trustees consider adequate for the short to medium term, although the overall balance sheet showed a net movement in funds of £(422,082) due to a significant revaluation loss on investment properties.
What the accounts disclose
“The level of free reserves is considered by the Trustees to be adequate provision for its on-going commitment to provide for the material needs of the monastic community at Prinknash and the upkeep of its properties in the short to medium term. The Trustees are addressing the need to ensure the financial security of the charity in the longer term and have developed an appropriate policy in this regard.” — page 10
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- REVEREND MARK HARGREAVES
- RT REV FRANCIS BAIRD
- VERY REVEREND STEPHEN HORTON
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £860k | £888k |
| 31/12/2023 | £592k | £871k |
| 31/12/2022 | £519k | £718k |
| 31/12/2021 | £778k | £624k |
| 31/12/2020 | £527k | £688k |
Common questions
Is THE PRINKNASH ABBEY CHARITIES financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net outgoing resource deficit of £28,082 for the year ended 31 December 2024, following a larger deficit in the prior year. Free reserves stood at £3,232,793, which the Trustees consider adequate for the short to medium term, although the overall balance sheet showed a net movement in funds of £(422,082) due to a significant revaluation loss on investment properties. Its FY2024 accounts were audited by Hazlewoods LLP.
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 |
| THE STEWARTS LAW FOUNDATION | 1 | £250 |
Charities like this
- THE ENGLISH BENEDICTINE ORDER OF OULTON ABBEY NEAR STONE, STAFFS
- ST MICHAEL'S ABBEY CHARITABLE TRUST
- TRUSTEES OF THE CHARITY OF THE BERNARDINE SISTERS
- BELMONT ABBEY GENERAL CIO
- ST MARY'S ABBEY, QUARR
- BUCKFAST ABBEY TRUST (HELD ICW THE RELIGIOUS COMMUNITY OF BENEDICTINE MONKS ESTABLISHED AT ST MARYS ABBEY BUCKFAST, DEVON)
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE PRINKNASH ABBEY CHARITIES | £860k | — | 0 | unclear | — | no doubt |
| THE ENGLISH BENEDICTINE ORDER OF OULTON ABBEY NEAR STONE, STAFFS | £3.3m | — | 0 | below | — | no doubt |
| ST MICHAEL'S ABBEY CHARITABLE TRUST | £1.6m | — | 0 | below | — | no doubt |
| TRUSTEES OF THE CHARITY OF THE BERNARDINE SISTERS | £573k | — | 0 | within | — | no doubt |
| BELMONT ABBEY GENERAL CIO | £1.4m | — | — | unclear | — | no doubt |
| ST MARY'S ABBEY, QUARR | £1.6m | — | 0 | unclear | — | no doubt |