THE FOUNDATION OF SAINT MATTHIAS
Financial health, per its FY2023 accounts
The accounts state that the charity holds a permanent endowment of £8,774,319 and maintains a policy of not holding unrestricted reserves, relying instead on total return from investments to fund operations. The trustees report that this endowment is considered an adequate sum for continued expenditure, and the independent auditors confirmed no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The key management personnel earn annual salary of £52,296 and employers pension of £5,296.”
“It is the Foundation’s policy not to maintain any unrestricted reserves, as ongoing working capital is available from the endowment under the Total Return policy adopted. The endowment stood at £8,774,319 at 31 December 2023, including £684,108 in the Unapplied Total Return. This is considered an adequate sum for the continued expenditure planned.” — page 3
“Up until April 2023 the Diocese of Bristol (the Bristol Diocesan Board of Finance Limited) provided Accountancy and office services to the Foundation. It was paid £Nil (2022 - £4,959) for Accountancy services and £3,888 for Clerkship and Office services (2022 - £30,242). The amounts outstanding at the year-end were £Nil (2022 - £2,580) for Accountancy services and £2,334 (2022 - £10,285) for Office services.”
Trustees
- Bishop Neil Warwickchair
- Anna Maria Olszewska
- BERYL ELIZABETH GLEICH
- Dr Taido Chino
- EDWARD GREGORY
- Jane Borgeaud
- Karen Czapiewski
- Liz Townend
- MAUREEN ELIZABETH LOMAS
- Nigel Daniel
- Pamela Cosh
- Rev ANTHONY DAVID EVERITT
- Rev Noel Hector
- Rev Sharon Roberts
- Richard Wheeler
- Sarah Garlick
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £243k | £397k |
| 31/12/2024 | £241k | £367k |
| 31/12/2023 | £242k | £392k |
| 31/12/2022 | £242k | £360k |
| 31/12/2021 | £222k | £321k |
Common questions
Is THE FOUNDATION OF SAINT MATTHIAS financially healthy?
The accounts state that the charity holds a permanent endowment of £8,774,319 and maintains a policy of not holding unrestricted reserves, relying instead on total return from investments to fund operations. The trustees report that this endowment is considered an adequate sum for continued expenditure, and the independent auditors confirmed no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2023 accounts were audited by TC Group.
What does the highest-paid employee of THE FOUNDATION OF SAINT MATTHIAS earn?
Per its FY2023 accounts, the highest-paid employee was in the £40,001 - £50,000 band.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ST HILD AND ST BEDE TRUST | 1 | £831k |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CATHERINE'S, WAKEFIELD | 1 | £2k |