Register of Charities - The Charity Commission ST CECILIA'S ABBEY RYDE ISLE OF WIGHT

Charity number: 1088086
Charity reporting is up to date (on time)

Activities - how the charity spends its money

The advancement of the Catholic religion, principally though not exclusively through the maintenance of St Cecilia's Abbey and the community of Benedictine nuns who inhabit it and who celebrate daily in public the Divine Office, sung in Latin Gregorian Chant, and who minister to those seeking some share in the contemplative life through retreats and other contacts.

Income and expenditure

Data for financial year ending 31 December 2020

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

Fundraising

This charity does not raise funds from the public

Trading

This charity does not have any trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.