ORDER OF AUGUSTINIAN RECOLLECTS - ST. RITA'S CENTRE
The Order carries out pastoral work in Catholic parishes in Honiton and Ottery St Mary, as well as leading a life of prayer, giving retreats, preaching, caring for its retired friars and promoting vocations to priesthood and religious life. At St Rita's Centre Honiton, the main place of devotion to St Rita in England, it provides high quality en-suite accommodation and conference facilities.
Financial health, per its FY2024 accounts
The accounts state that the charity had no free reserves at the end of the year, with creditors substantially exceeding cash and investments. The charity is heavily dependent on the continuing support of its sister charity, The Order of Augustinian Recollects Charitable Trust, to meet its ongoing costs. Despite this dependency, the trustees consider there to be no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“Ideally, the Trustees would aim to build the charity's free reserves to an equivalent of between 2 and 6 months' expenditure” — page 9
Trustees
- REVEREND GERALD WILSON OARchair
- REV HUGH MARY CORRIGAN OAR
- Rev Carlos Abajos Eguileta OAR
- Rev Jose Manuel Romero Hernandez OAR
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £256k | £344k |
| 31/12/2023 | £247k | £297k |
| 31/12/2022 | £290k | £260k |
| 31/12/2021 | £251k | £221k |
| 31/12/2020 | £241k | £220k |
Common questions
Is ORDER OF AUGUSTINIAN RECOLLECTS - ST. RITA'S CENTRE financially healthy?
Per its FY2024 accounts: The accounts state that the charity had no free reserves at the end of the year, with creditors substantially exceeding cash and investments. The charity is heavily dependent on the continuing support of its sister charity, The Order of Augustinian Recollects Charitable Trust, to meet its ongoing costs. Despite this dependency, the trustees consider there to be no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE TOLKIEN TRUST | 1 | £75k |
| THE STREET FOUNDATION | 1 | £60k |
Charities like this
- THE ORDER OF AUGUSTINIAN RECOLLECTS CHARITABLE TRUST
- DISCALCED CARMELITES UK CIO
- ORDER OF HERMIT FRIARS OF ST AUGUSTINE (AUGUSTINIAN ORDER)
- THE CARMELITE CHARITABLE TRUST
- CONGREGATION OF LA RETRAITE CIO
- AUGUSTINIANS OF THE ASSUMPTION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| ORDER OF AUGUSTINIAN RECOLLECTS - ST. RITA'S CENTRE | £256k | — | 0 | unclear | — | no doubt |
| THE ORDER OF AUGUSTINIAN RECOLLECTS CHARITABLE TRUST | £155k | — | 0 | unclear | — | no doubt |
| DISCALCED CARMELITES UK CIO | £203k | — | 0 | within | — | no doubt |
| ORDER OF HERMIT FRIARS OF ST AUGUSTINE (AUGUSTINIAN ORDER) | £600k | — | 0 | unclear | — | no doubt |
| THE CARMELITE CHARITABLE TRUST | £2.4m | — | 0 | unclear | — | no doubt |
| CONGREGATION OF LA RETRAITE CIO | £866k | — | 0 | unclear | — | no doubt |