MONASTERY OF CHRIST OUR SAVIOUR
The Charity supports the monastic life and public prayer of the community of monks. The community promotes ecumenical and inter-faith relations and hosts courses in psychotherapy and the relationship between psychotherapy and spirituality. It also receives individuals and groups for religious and educational and cultural reasons and makes some grants for reasons of religion, education and hardship
Financial health, per its FY2024 accounts
The charity reported a net expenditure of £8,556 for the year, reducing total unrestricted funds from £292,174 to £283,618. The trustees maintain a designated property reserve of £184,000, which is below their stated target of £200,000. Cash at bank stood at £150,740, providing liquidity against current creditors of £1,002.
What the accounts disclose
“The designated maintenance reserve is set at £ 200,000, but the current level of reserves means that the designated reserve currently stands at £184,000.”
Trustees
- Rev LEONARD MAYHEAD OSBchair
- Rev Eric Loisel
- Rev Gerard NOLAN OSB
- Rev THIERRY MARTEAUX
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £70k | £79k |
| 31/12/2023 | £69k | £82k |
| 31/12/2022 | £60k | £70k |
| 31/12/2021 | £52k | £58k |
| 31/12/2020 | £46k | £56k |
Common questions
Is MONASTERY OF CHRIST OUR SAVIOUR financially healthy?
Per its FY2024 accounts: The charity reported a net expenditure of £8,556 for the year, reducing total unrestricted funds from £292,174 to £283,618. The trustees maintain a designated property reserve of £184,000, which is below their stated target of £200,000. Cash at bank stood at £150,740, providing liquidity against current creditors of £1,002. Its FY2024 accounts were independently examined.