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THE PIOUS SOCIETY OF THE DAUGHTERS OF ST PAUL

Registered charity 296042 · accounts filings on the Charity Commission register · also known as CHARITY FOR ROMAN CATHOLIC PURPOSES ADMINISTERED IN CONNECTION WITH THE PIOUS SOCIETY OF THE DAUGHTERS OF ST PAUL, PAULINE BOOKS & MEDIA · also registered in Scotland as SC037889 (OSCR)

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Latest income
£1.1m
Latest spending
£1.2m
Registered
1987
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that free reserves amounted to £830,047, which is in excess of the stated reserves policy target of 25-50% of forecast annual operating expenditure. However, the charity reported a net expenditure of £66,121 for the year, and the trustees acknowledge that deficits are likely in coming years due to rising costs and the aging profile of the religious community.

What the accounts disclose

Highest-paid employee band: Under £60,000 — below the median for charities its size (£78k)
“No employees earned £60,000 per annum or more (including taxable benefits but excluding employer pension contributions) during the year (2023 – none).” — page 34
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: between 25% and 50% of forecast annual operating expenditure (held: £830k)
“Our Reserves Policy is aimed at helping the Daughters of St Paul to maintain the charity as a going concern and ensure the sisters are sufficiently able to support themselves in their retirement. The general fund should comprise between 25% and 50% of forecast annual operating expenditure.” — page 14
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Trustees and connected persons
“Income from donations and legacies includes the salaries and pensions of certain Trustees of the charity received under Gift Aid or Deed of Covenant. For the year ended 31 December 2024, the total value of these receipts amounted to £9,091 (2023 – £13,637). Other donations made by the trustees to the charity during the year amounted to £466 (2023 – £500). During the year, the charity made donations of £nil (2023 – £1,000) to assist with medical care for a relative of a trustee.” — page 38
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Buzzacott Audit LLP. Discloses 6 of 6 completeness components.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£1.1m
Total spending
£1.2m
Reserves (reported)
£830k
Employees
14

Reported reserves equal ~8.6 months of spending — above the median for charities its size (median 4.8 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Italy · Kensington And Chelsea · Liverpool City · Newcastle Upon Tyne City · Scotland · Slough

Income and spending

Financial year endIncomeSpending
31/12/2024£1.1m£1.2m
31/12/2023£888k£1.3m
31/12/2022£6.9m£1.5m
31/12/2021£767k£1.1m
31/12/2020£968k£1.1m

Common questions

Is THE PIOUS SOCIETY OF THE DAUGHTERS OF ST PAUL financially healthy?

The accounts state that free reserves amounted to £830,047, which is in excess of the stated reserves policy target of 25-50% of forecast annual operating expenditure. However, the charity reported a net expenditure of £66,121 for the year, and the trustees acknowledge that deficits are likely in coming years due to rising costs and the aging profile of the religious community. Its FY2024 accounts were audited by Buzzacott Audit LLP.

What does the highest-paid employee of THE PIOUS SOCIETY OF THE DAUGHTERS OF ST PAUL earn?

Per its FY2024 accounts, the highest-paid employee was in the Under £60,000 band.