St Francis Xavier Foreign Mission Society Trust
Latest income
£969k
Latest spending
£731k
Accounts read
FY2024
Financial health, per FY2024 accounts
The accounts state that the charity achieved a net income of £288,206 for the year ended 31 December 2024, a significant improvement from the previous year's net outgoing resources. Per the trustees' report, the sale of the Preston property replenished reserves, resulting in free unrestricted reserves of £341,062, which are close to the stated policy target of six months of expenditure (£365,382). The charity holds substantial endowment funds of £2,604,447 and has invested proceeds from asset sales to reinforce financial stability.
What the accounts disclose
Reserves position: below the charity's own stated policy
“The free unrestricted reserves are close to the reserves policy target as at December 31st 2024.” — page 6
Per FY2024 accounts as filed with OSCR.