SISTERS OF PROVIDENCE AND OF THE IMMACULATE CONCEPTION

Charity number: 221596
Removed charity

Charity overview

Activities - how the charity spends its money

The charity aims to support the advancement of the charitable works carried on by the congregation for the advancement of the Roman Catholic Religion and the well being of those who benefit from the congregation's ministries. Such work includes the provision of hostel accommodation for female students studying in London, members of the congregation are involved in social and pastoral work, includi

Income and expenditure

Data for financial year ending 31 December 2008

Total income:
£743,357

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Donations and legacies £127.96k
Charitable activities £261.15k
Other trading activities £0
Investments £351.40k
Other £2.85k

Total expenditure:
£609,602

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Raising funds £0
Charitable activities £593.63k
Other £0

-£497,216 investments gains (losses)

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.

Text alternative for this canvas graphic is in the data table below.
Raising funds and other expenditure £15.97k
Charitable expenditure £593.63k
Retained for future use £133.76k

Fundraising

No information available

Trading

No information available

Trustee payments

No information available

What, who, how, where

What the charity does:
  • Accommodation/housing
  • Religious Activities
Who the charity helps:
  • Other Defined Groups
How the charity helps:
  • Provides Buildings/facilities/open Space
  • Provides Services
Where the charity operates:
  • Throughout England And Wales

Governance

Registration history:
  • 25 July 1963: Standard registration
  • 06 September 2010: Removed (Funds transferred (incor))
  • 06 September 2010: Funds transferred to 1133491 PROVIDENCE MARIAN COMPANY
Organisation type:
Other names:

No other names

Gift aid:
No information available
Other regulators:
No information available
Policies:
No policies declared
Land and property:
No information available

Financial history

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Financial period end date

Income / Expenditure 31/12/2004 31/12/2005 31/12/2006 31/12/2007 31/12/2008
Total gross income £480.46k £525.01k £512.18k £614.92k £743.36k
Total expenditure £324.21k £524.05k £551.23k £586.19k £609.60k
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A N/A N/A N/A N/A
Income - Donations and legacies N/A N/A N/A £114.59k £127.96k
Income - Other trading activities N/A N/A N/A £0 £0
Income - Charitable activities N/A N/A N/A £268.05k £261.15k
Income - Endowments N/A N/A N/A £0 £0
Income - Investment N/A N/A N/A £232.28k £351.40k
Income - Other N/A N/A N/A £3.72m £2.85k
Income - Legacies N/A N/A N/A £0 £0
Expenditure - Charitable activities N/A N/A N/A £563.20k £593.63k
Expenditure - Raising funds N/A N/A N/A N/A N/A
Expenditure - Governance N/A N/A N/A £13.98k £14.04k
Expenditure - Grants institution N/A N/A N/A £36.48k £51.64k
Expenditure - Investment management N/A N/A N/A £9.02k £1.93k
Expenditure - Other N/A N/A N/A £0 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/12/2004 31/12/2005 31/12/2006 31/12/2007 31/12/2008
Own use assets N/A N/A N/A £3.54m £3.78m
Long-term investments N/A N/A N/A £3.26m £2.79m
Other assets N/A N/A N/A £5.80m £5.75m
Defined benefit pension scheme asset or liability N/A N/A N/A £0 £0
Total liabilities N/A N/A N/A £48.44k £122.94k

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 December 2009 Not submitted
Accounts and TAR 31 December 2009 Not submitted
Annual return 31 December 2008 19 October 2009 On time
Accounts and TAR 31 December 2008 19 October 2009 On time
Annual return 31 December 2007 30 October 2008 On time
Accounts and TAR 31 December 2007 30 October 2008 On time
Annual return 31 December 2006 19 December 2007 49 days late
Accounts and TAR 31 December 2006 31 October 2007 On time
Annual return 31 December 2005 31 October 2006 On time
Accounts and TAR 31 December 2005 31 October 2006 On time

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

DECLARATION OF TRUST DATED 17TH JANUARY 1963

Charitable objects

THE ADVANCEMENT OF THE RELIGIOUS AND OTHER CHARITABLE WORK OF THE SISTERS OF PROVIDENCE AND OF THE IMMACULATE CONCEPTION.

Area of benefit

The area the charity can operate in, as set out in its governing document.

NATIONAL