REDEMPTORIST PUBLICATIONS
Financial health, per its FY2024 accounts
The accounts state that the charity achieved a surplus of £4,984 for the year ended 31 December 2024, reversing a deficit from the previous year. Per the trustees' report, unrestricted general reserves increased to £2.003 million, which the trustees consider sufficient to meet working capital requirements and protect against market risks. The charity maintains a cash balance of £192,892 and holds tangible assets valued at £911,779.
What the accounts disclose
“Our reserves are designed to be between one year and 18 months of annual turnover.” — page 6
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Father Andrew Thomas Burns CSsR
- Father Timothy Joseph Buckley CSsR
- Rev Elias Gweme CSsR
- Rev Richard Maidwell
- Very Rev Fr Richard Reid CSsR
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.4m | £1.5m |
| 31/12/2023 | £1.5m | £1.8m |
| 31/12/2022 | £1.5m | £1.8m |
| 31/12/2021 | £1.5m | £1.7m |
| 31/12/2020 | £1.6m | £1.9m |
Common questions
Is REDEMPTORIST PUBLICATIONS financially healthy?
The accounts state that the charity achieved a surplus of £4,984 for the year ended 31 December 2024, reversing a deficit from the previous year. Per the trustees' report, unrestricted general reserves increased to £2.003 million, which the trustees consider sufficient to meet working capital requirements and protect against market risks. The charity maintains a cash balance of £192,892 and holds tangible assets valued at £911,779. Its FY2024 accounts were audited by Fiander Tovell Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| GRACE CHURCH EXETER | 1 | £3k |