SISTERS OF THE HOLY CROSS CHARITABLE TRUST

Charity number: 238426
Removed charity

Charity overview

Activities - how the charity spends its money

The charity aims to support the religious and other charitable works carried out by members of the Congregation. The ministries of the sisters of the Congregation in England benefit numerous members of the general public. Their work includes the provision and running of a Catholic School, caring for members of the congregation as well as supporting the work of the Congregation in other countries.

Income and expenditure

Data for financial year ending 31 December 2022

Total income:
£10,306,743

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Donations and legacies £352.49k
Charitable activities £6.54m
Other trading activities £0
Investments £1.39m
Other £2.03m

Total expenditure:
£59,821,525

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Raising funds £54.03k
Charitable activities £59.77m
Other £0

-£4,105,580 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.

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Raising funds and other expenditure £54.03k
Charitable expenditure £59.77m

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
  • Religious Activities
Who the charity helps:
  • Children/young People
  • Elderly/old People
  • Other Defined Groups
How the charity helps:
  • Provides Human Resources
  • Provides Buildings/facilities/open Space
  • Provides Services
Where the charity operates:
  • Throughout England And Wales

Governance

Registration history:
  • 03 December 1964: Standard registration
  • 18 June 2024: Removed (Amalgamated)
  • 18 June 2024: Funds transferred to 1195162 SISTERS OF THE HOLY CROSS CIO
Organisation type:
Trust
Other names:
  • CONGREGATION OF WOMEN KNOWN AS THE TEACHING SISTERS OF THE HOLY CROSS OF THE THIRD ORDER OF ST FRANCIS OF ASSISI (Previous name)
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Complaints handling
  • Conflicting interests
  • 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 31/08/2018 31/08/2019 31/08/2020 31/08/2021 31/12/2022
Total gross income £5.45m £6.42m £5.91m £5.51m £10.31m
Total expenditure £5.45m £6.84m £5.60m £5.35m £59.82m
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 £374.21k £479.94k £397.14k £289.76k £352.49k
Income - Other trading activities £3.95m £0 £0 £0 £0
Income - Charitable activities £0 £4.16m £3.75m £4.03m £6.54m
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £1.12m £1.19m £1.18m £1.08m £1.39m
Income - Other £2.88k £590.54k £575.97k £113.76k £2.03m
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £5.37m £6.75m £5.53m £5.27m £59.77m
Expenditure - Raising funds £80.42k £83.61k £65.64k £78.75k £54.03k
Expenditure - Governance £311.90k £1.02m £39.79k £57.61k £167.01k
Expenditure - Grants institution £865.29k £1.11m £977.43k £648.29k £52.56m
Expenditure - Investment management £80.42k £83.61k £65.64k £78.75k £54.03k
Expenditure - Other £0 £0 £0 £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 31/08/2018 31/08/2019 31/08/2020 31/08/2021 31/12/2022
Own use assets £10.01m £10.91m £10.56m £11.74m £29.62k
Long-term investments £36.81m £37.53m £37.48m £41.95m £0
Other assets £2.43m £1.35m £1.88m £1.67m £1.56m
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £930.37k £1.09m £899.35k £1.03m £872.10k

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 2023 Not submitted
Accounts and TAR 31 December 2023 Not submitted
Annual return 31 December 2022 31 January 2024 92 days late
Accounts and TAR 31 December 2022 31 January 2024 92 days late
Annual return 31 August 2021 29 March 2022 On Time
Accounts and TAR 31 August 2021 29 March 2022 On Time
Annual return 31 August 2020 02 June 2021 On Time
Accounts and TAR 31 August 2020 02 June 2021 On Time
Annual return 31 August 2019 27 March 2020 On Time
Accounts and TAR 31 August 2019 27 March 2020 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 12/08/1949 AS AMENDED BY RESOLUTION DATED 13/03/1996 AS AMENDED BY SCHEME DATED 25/04/2001 AS AMENDED BY DEED DATED 08/04/2013

Charitable objects

FOR THE ADVANCEMENT OF AND SUPPORT OF THE CHARITABLE WORK CARRIED ON BY THE SOCIETY OR SUCH CHARITABLE PURPOSES AS THE TRUSTEES THINK FIT.

Area of benefit

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

NOT DEFINED