INSTITUTE OF OUR LADY OF MERCY
The Charity's activities are carried on by individual Sisters acting within parish communities and the wider community. It runs and supports Catholic schools and care homes. The Trustees care for their own Sisters who are retiring from active work. The Charity also makes grants to beneficiaries and assists other charities with similar objects.
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: not a going concern (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?
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. Its FY2025 accounts were audited by Buzzacott Audit LLP.
Charities like this
- SISTERS OF MERCY, GRAVESEND, KENT
- INSTITUTE OF THE RELIGIOUS OF THE SACRED HEART OF MARY IMMACULATE VIRGIN
- Religious of the Sacred Heart of Mary, Immaculate Virgin, EAP
- SISTERS OF CHARITY OF OUR LADY MOTHER OF MERCY SCMM
- TRUST PROPERTY HELD IN CONNEXION WITH THE SISTERS OF THE HOLY FAMILY OF BORDEAUX
- SISTERS OF THE SACRED HEARTS OF JESUS AND MARY CIO
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| INSTITUTE OF OUR LADY OF MERCY | £11.9m | — | — | unclear | — | no doubt |
| SISTERS OF MERCY, GRAVESEND, KENT | £637k | — | 0 | above | — | no doubt |
| INSTITUTE OF THE RELIGIOUS OF THE SACRED HEART OF MARY IMMACULATE VIRGIN | £1.3m | — | 0 | unclear | — | no doubt |
| Religious of the Sacred Heart of Mary, Immaculate Virgin, EAP | £1.3m | — | 0 | unclear | — | no doubt |
| SISTERS OF CHARITY OF OUR LADY MOTHER OF MERCY SCMM | £431k | — | 0 | unclear | — | no doubt |
| TRUST PROPERTY HELD IN CONNEXION WITH THE SISTERS OF THE HOLY FAMILY OF BORDEAUX | £1.5m | — | 0 | within | — | no doubt |