Register of Charities - The Charity Commission ST MARY'S ABBEY, QUARR
Activities - how the charity spends its money
The main aims of the charity are the promotion of the Catholic religion and hospitality to all visitors to the Abbey, in the spirit of the Rule of St Benedict. To preserve the spiritual identity of the Abbey and its Benedictine community through maintenance projects to preserve the Abbey and its building; and running the Abbey's tea shop, farm shop and art gallery for the benefit of its visitors.
|Donations and legacies||£190.84k|
|Other trading activities||£303.39k|
-£66,149 investments gains (losses)
Total income includes £65,574 from 5 government grant(s)
Charitable expenditure with investment gains
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.
|Income generation and governance||£339.64k|