HOLY ROOD TRUST
The charity makes grants to contemplative orders for the purposes of relieving poverty and advancing education in accordance with the charity's objects.
Financial health, per its FY2024 accounts
The accounts state that the charity held unrestricted reserves of £927,998 at the end of the year, which the trustees consider sufficient for working capital and grant-making requirements. The charity reported a net deficit of £15,194 for the year, driven by charitable expenditure exceeding incoming resources, though this was offset by significant investment gains. The trustees confirm the charity has adequate resources to continue as a going concern with no material uncertainties identified.
What the accounts disclose
“All income and expenditure in 2024 and 2023 was unrestricted.” — page 10
“It is the Trustees’ policy to hold at least one-third of the Charity’s total assets in reserve in order to cover the costs of the Charity and to continue to provide a minimum amount of grant making to its beneficiaries.”
“One of the Trustees, Gerald Edward Kidd, is a partner in the firm of Pothecary Witham Weld. During the year administration and management fees of £15,600 (including VAT) (2023: £15,600) were payable to Pothecary Witham Weld. The transactions were at arm's length and on a normal commercial basis.” — page 18
Trustees
- Abbot THOMAS QUIN OSB
- GERALD EDWARD KIDD
- SISTER Colette Anne Jordan
- Sister Mary Philomena Donnelly
- Sister Maura Anne Savage
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £27k | £42k |
| 31/12/2023 | £28k | £64k |
| 31/12/2022 | £27k | £63k |
| 31/12/2021 | £36k | £42k |
| 31/12/2020 | £24k | £33k |
Common questions
Is HOLY ROOD TRUST financially healthy?
Per its FY2024 accounts: The accounts state that the charity held unrestricted reserves of £927,998 at the end of the year, which the trustees consider sufficient for working capital and grant-making requirements. The charity reported a net deficit of £15,194 for the year, driven by charitable expenditure exceeding incoming resources, though this was offset by significant investment gains. The trustees confirm the charity has adequate resources to continue as a going concern with no material uncertainties identified. Its FY2024 accounts were independently examined.