DAUGHTERS OF THE HEART OF MARY CHARITABLE TRUST
The charity's objective is the promotion of charitable work for the time being carried on, promoted or supported by the Daughters of the Heart of Mary. If the Daughters of the Heart of Mary shall cease to exsist or carry out charitable work, then the trustees shall apply the charitys funds for general charitable purposes in connection with the Roman Catholic religion.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net outgoing movement of funds of £24,973 for the year ended 31 December 2024, driven by charitable expenditure exceeding incoming resources. The trustees note that due to depleted income and increased care costs, the charity became restricted in its spending and utilized reserve funds to replenish cash flow. Despite these pressures, the trustees maintain that the charity has adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
“It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level which equates to approximately a year's expenditure.” — page 6
Trustees
- MARY Broganchair
- Anne Boland
- EVA MCHALE
- GINA EASTWOOD
- GLORIA SUSAN BEG
- MARGARET BRENNAN
- MARY Alphonse
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £251k | £364k |
| 31/12/2023 | £231k | £368k |
| 31/12/2022 | £273k | £506k |
| 31/12/2021 | £198k | £381k |
| 31/12/2020 | £218k | £323k |
Common questions
Is DAUGHTERS OF THE HEART OF MARY CHARITABLE TRUST financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net outgoing movement of funds of £24,973 for the year ended 31 December 2024, driven by charitable expenditure exceeding incoming resources. The trustees note that due to depleted income and increased care costs, the charity became restricted in its spending and utilized reserve funds to replenish cash flow. Despite these pressures, the trustees maintain that the charity has adequate resources to continue in operational existence for the foreseeable future. Its FY2024 accounts were audited by Richard Place Dobson Services Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ENGLISH REGION OF THE DAUGHTERS OF MARY AND JOSEPH CIO | 1 | £86k |
| THE LITTLE WAY ASSOCIATION | 1 | £14k |
| HABITAT FOR HUMANITY GREAT BRITAIN | 1 | £10k |
Charities like this
- INSTITUTE OF THE RELIGIOUS OF THE SACRED HEART OF MARY IMMACULATE VIRGIN
- Religious of the Sacred Heart of Mary, Immaculate Virgin, EAP
- THE CONGREGATION OF THE HOLY SPIRIT AND THE IMMACULATE HEART OF MARY (BRITISH PROVINCE)
- MATER ECCLESIAE CIO
- SISTERS OF THE SACRED HEARTS OF JESUS AND MARY CIO
- DAUGHTERS OF MARY AND JOSEPH CONGREGATION FUND CIO
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| DAUGHTERS OF THE HEART OF MARY CHARITABLE TRUST | £251k | — | 0 | unclear | — | 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 |
| THE CONGREGATION OF THE HOLY SPIRIT AND THE IMMACULATE HEART OF MARY (BRITISH PROVINCE) | £2.7m | — | 0 | below | — | no doubt |
| MATER ECCLESIAE CIO | £354k | — | 0 | above | — | no doubt |
| SISTERS OF THE SACRED HEARTS OF JESUS AND MARY CIO | £2.7m | £60,001 - £70,000 | 1 | within | — | no doubt |