CHARITY FOR ROMAN CATHOLIC PURPOSES ADMINISTERED IN CONNECTION WITH THE CONGREGATION OF OUR LADY OF THE MISSIONS

Charity number: 233599
Removed charity

Charity overview

Activities - how the charity spends its money

The support of such charitable purposes as to advance the religious and other charitable work being carried on by, or under the direction of, the Congregation of Our Lady of the Missions.

Income and expenditure

Data for financial year ending 31 December 2020

Total income:
£1,752,163

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Donations and legacies £1.62m
Charitable activities £0
Other trading activities £0
Investments £95.80k
Other £36.66k

Total expenditure:
£14,914,003

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Raising funds £20.50k
Charitable activities £1.39m
Other £13.50m

£641,069 investments gains (losses)

Total income includes £36,055 from 9 government grant(s)

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.

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Raising funds and other expenditure £13.52m
Charitable expenditure £1.39m

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.

What, who, how, where

What the charity does:
  • Education/training
  • The Advancement Of Health Or Saving Of Lives
  • Overseas Aid/famine Relief
  • Religious Activities
Who the charity helps:
  • Children/young People
  • Elderly/old People
  • The General Public/mankind
How the charity helps:
  • Provides Human Resources
  • Provides Services
Where the charity operates:
  • Throughout England
  • Bangladesh
  • Burma
  • India
  • Italy
  • Kenya
  • Northern Ireland
  • Philippines
  • Scotland
  • Senegal
  • South Sudan
  • Vietnam

Governance

Registration history:
  • 18 July 1968: Standard registration
  • 02 December 2021: Removed (Amalgamated)
  • 02 December 2021: Funds transferred to 1189330 CONGREGATION OF OUR LADY OF THE MISSIONS CIO
Organisation type:
Trust
Other names:

No other names

Gift aid:
Recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding vulnerable beneficiaries
Land and property:
This charity owns and/or leases land or property

Financial history

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Financial period end date

Income / Expenditure 31/12/2016 31/12/2017 31/12/2018 31/12/2019 31/12/2020
Total gross income £1.48m £1.14m £1.54m £909.36k £1.75m
Total expenditure £6.35m £1.71m £1.76m £1.43m £14.91m
Income from government contracts £0 £0 N/A N/A N/A
Income from government grants £0 £0 N/A N/A £36.06k
Income - Donations and legacies £888.13k £946.44k £802.54k £773.43k £1.62m
Income - Other trading activities £0 £0 £0 £0 £0
Income - Charitable activities £0 £0 £0 £0 £0
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £145.14k £125.93k £123.00k £130.33k £95.80k
Income - Other £443.47k £65.75k £612.34k £5.60k £36.66k
Income - Legacies £31.39k £18.02k £609 £7.33k £151.65k
Expenditure - Charitable activities £6.29m £1.69m £1.74m £1.41m £1.39m
Expenditure - Raising funds £57.66k £24.56k £20.89k £21.29k £20.50k
Expenditure - Governance £14.76k £15.00k £15.92k £16.28k £16.14k
Expenditure - Grants institution £4.97m £380.39k £474.12k £42.03k £38.53k
Expenditure - Investment management £57.66k £24.56k £20.89k £21.29k £20.50k
Expenditure - Other £0 £0 £0 £0 £13.50m

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 31/12/2016 31/12/2017 31/12/2018 31/12/2019 31/12/2020
Own use assets £6.04m £5.95m £5.71m £5.72m £0
Long-term investments £5.30m £5.59m £4.86m £5.33m £0
Other assets £1.84m £1.54m £1.90m £1.72m £0
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £236.27k £215.66k £239.94k £255.33k £0

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 2020 29 October 2021 On time
Accounts and TAR 31 December 2020 29 October 2021 On time
Annual return 31 December 2019 07 September 2020 On time
Accounts and TAR 31 December 2019 07 September 2020 On time
Annual return 31 December 2018 07 October 2019 On time
Accounts and TAR 31 December 2018 07 October 2019 On time
Annual return 31 December 2017 06 September 2018 On time
Accounts and TAR 31 December 2017 06 September 2018 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.

TRUST DEED DATED 4TH DECEMBER 1964 AND SCHEME OF THE 11TH JUNE 1968 AND 12TH SEPTEMBER 2000

Charitable objects

SUCH CHARITABLE PURPOSES WHICH ADVANCE THE RELIGIOUS AND OTHER CHARITABLE WORK FOR THE TIME BEING CARRIED ON BY OR UNDER THE DIRECTION OF THE CONGREGATION AS THE TRUSTEES WITH THE APPROVAL OF THE SUPERIOR SHALL FROM TIME TO TIME THINK FIT.

Area of benefit

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

NATIONAL