INSTITUTE OF OUR LADY OF MERCY
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net deficit of £39.1m for the year, primarily driven by a £33.9m impairment of tangible fixed assets. Despite this deficit, the charity holds unrestricted reserves of £102.9m, which the trustees note are sufficient to mitigate the current deficit through the planned sale of surplus properties. The financial statements were prepared on a basis other than going concern due to the transfer of assets and liabilities to a new CIO entity.
What the accounts disclose
“£10,000 was donated to the charity in 2024-5 (2023-24: £nil).” — page 16
Year-over-year changes
- Going concern: going-concern doubt noted (FY2024) → no going-concern doubt (FY2025).
Structured financials (annual return, FY ending 30/06/2025)
Trustees
- Catherine Christina Groden
- SISTER MARY BERNADETTE HOLMES
- Sister Bernadette Patricia Roche
- Sister Ita Christina O'Donnell
- Sister Lynda Irene Dearlove
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2025 | £11.9m | £18.1m |
| 30/06/2024 | £14.7m | £24.2m |
| 31/12/2022 | £9.6m | £14.9m |
| 31/12/2021 | £9.1m | £14.1m |
| 31/12/2020 | £8.9m | £15.4m |
Common questions
Is INSTITUTE OF OUR LADY OF MERCY financially healthy?
The accounts state that the charity reported a net deficit of £39.1m for the year, primarily driven by a £33.9m impairment of tangible fixed assets. Despite this deficit, the charity holds unrestricted reserves of £102.9m, which the trustees note are sufficient to mitigate the current deficit through the planned sale of surplus properties. The financial statements were prepared on a basis other than going concern due to the transfer of assets and liabilities to a new CIO entity. Its FY2025 accounts were audited by Buzzacott Audit LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| SISTERS OF THE CROSS AND PASSION | 1 | £9.8m |
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