THE CONGREGATION OF JOSEPHITES
Financial health, per its FY2024 accounts
The accounts state that total unrestricted funds increased to £7,285,809 at year-end, with general funds held at £3,464,663. The Trustees consider this level of reserves to be reasonable for the charity's ongoing requirements, noting that actual reserves are likely to exceed the target level by reference to financial risk and the need to provide for the care of members.
What the accounts disclose
“The trustees estimate that the level of free assets required for the purposes of providing long term support for members is a sum in the region of £1.7m.”
“The Trustees of the Charity who are also members of the congregation, have taken vows of poverty under which they have renounced all personal rights to income and capital. The charity provides for the essential needs of all members of the congregation. The living costs of these Trustees are therefore borne by the Charity.” — page 32
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Rev MARTIN ASHCROFTchair
- John Lewin
- Maria Desamparados Clausell
- REV MUIR
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £646k | £484k |
| 31/12/2023 | £626k | £548k |
| 31/12/2022 | £613k | £424k |
| 31/12/2021 | £547k | £491k |
| 31/12/2020 | £559k | £557k |
Common questions
Is THE CONGREGATION OF JOSEPHITES financially healthy?
The accounts state that total unrestricted funds increased to £7,285,809 at year-end, with general funds held at £3,464,663. The Trustees consider this level of reserves to be reasonable for the charity's ongoing requirements, noting that actual reserves are likely to exceed the target level by reference to financial risk and the need to provide for the care of members. Its FY2024 accounts were audited by David Howard Chartered Accountants and Statutory Auditors.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE PONTOON TRUST | 1 | £1.9m |