CONGREGATION OF SERVANTS OF MARY (LONDON)
Latest income
£1.4m
Latest spending
£1.3m
Registered
1967
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that total reserves increased to £33.6 million, with unrestricted general funds amounting to £9.8 million. The trustees consider the level of free reserves adequate given the charity's commitments to care for its aging membership and ongoing property needs.
What the accounts disclose
Reserves policy: three to five years’ expenditure (held: £9.9m)
“The trustees consider that, given the nature of the charity’s work and its commitments, the level of free reserves should be equal to three to five years’ expenditure.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The trustees are all members of the Congregation. Their living and personal expenses are borne by the charity, but they receive no remuneration. They also donate their salaries/pensions to the charity.
“As members of the Congregation, none of the trustees have resources of their own as all earnings, pensions and other income have been donated to the charity under a Gift Aid compliant Deed of Covenant. During the year, the total amount donated by the trustees to the charity was £34,485” — page 37
Per its FY2024 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/12/2024)
Total income
£1.4m
Total spending
£1.3m
Cost of raising funds
£58k
Reserves (reported)
£9.9m
Employees
5
Register events
- Received assets from another charity (05/10/2018)
Trustees
- SISTER MICHELLE HELEN ELIZABETH REILLYchair
- Lydia Edwards
- SISTER FRANCIS FARRELL
- SR RACHEL O'RIORDAN OSM
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.4m | £1.3m |
| 31/12/2023 | £1.3m | £1.0m |
| 31/12/2022 | £1.1m | £1.0m |
| 31/12/2021 | £1.2m | £1.0m |
| 31/12/2020 | £1.2m | £1.0m |
Common questions
Is CONGREGATION OF SERVANTS OF MARY (LONDON) financially healthy?
The accounts state that total reserves increased to £33.6 million, with unrestricted general funds amounting to £9.8 million. The trustees consider the level of free reserves adequate given the charity's commitments to care for its aging membership and ongoing property needs. Its FY2024 accounts were audited by Buzzacott Audit LLP.