AUGUSTINIANS OF THE ASSUMPTION
Financial health, per its FY2024 accounts
The accounts state that the charity reported a significant surplus of £3,613,053 for the year ended 31 December 2024, driven largely by investment returns and a land donation. Per the trustees' report, unrestricted funds stood at £28,527,742, which is substantially above the stated policy target of £50,000. The trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
Structured financials (annual return, FY ending 31/12/2025)
Trustees
- Rev DIDIER REMIOTchair
- Alex Castro
- Br Quoc Cuong Tran
- Fr Erik Samson
- Fr Justin Kasereka
- Fr Viktors Jermakovics
- Pierre Cao Ba Vinh
- Rev RICHARD ANDREW JOSEPH O'BRIEN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £2.3m | £385k |
| 31/12/2024 | £3.3m | £363k |
| 31/12/2023 | £585k | £423k |
| 31/12/2022 | £4.7m | £343k |
| 31/12/2021 | £358k | £513k |
Common questions
Is AUGUSTINIANS OF THE ASSUMPTION financially healthy?
The accounts state that the charity reported a significant surplus of £3,613,053 for the year ended 31 December 2024, driven largely by investment returns and a land donation. Per the trustees' report, unrestricted funds stood at £28,527,742, which is substantially above the stated policy target of £50,000. The trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were audited by Azets Audit Services.