SHREWSBURY DRAPERS HOLY CROSS LIMITED
Management as a registered social landlord of 51 Almshouses in Shrewsbury and Newport (Shrops) owned by the linked/subsidiary charity Shrewsbury Drapers Company Charity (1132671-1).
Financial health, per its FY2024 accounts
The accounts state that the charity reported a surplus of £73,981 for the year ended 31 December 2024, with total net assets increasing to £4,114,255. Free reserves were £584,015, which the Board notes is above the minimum level required to reflect the property folio and mortgage liability. The auditor confirmed that the going concern basis of accounting is appropriate with no material uncertainties identified.
What the accounts disclose
“During the year, the charitable company incurred expenditure of £43,674 to the Almhouse Consortium (Fairford Place Project) for which a trustee is a director under the terms of the funding. There were no balances outstanding as at year end.” — page 28
Corporate structure
- Registered company of the charity Companies House 07000798
Company officers (Companies House)
- HANLEY, Robert on trustee list
- SWINBURNE, Andrew Michael on trustee list
- O'LOUGHLIN, Lyndsey Patricia on trustee list
- MCLOUGHLIN, Peter Anthony on trustee list
- MACVICKER, Simon David on trustee list
- HUDSON, Christopher Charles on trustee list
- SYKES-WALLER, Nancy Bernadette on trustee list
- HUNT, Trevor Millman on trustee list
- THORN, Amanda Jillian not on trustee list
- PROSSER, Nicholas David Kipling on trustee list
- BOYD, Janette Angela on trustee list
- HUDSON, Christopher Charles
Property (HM Land Registry)
Register events
- Received assets from another charity (12/10/2015)
- Received assets from another charity (13/08/2015)
- Received assets from another charity (13/08/2015)
- Received assets from another charity (13/08/2015)
- Received assets from another charity (13/08/2015)
- Received assets from another charity (13/08/2015)
Trustees
- Amanda Jillian Thorn MBE DL
- Andrew Michael Swinburne
- Christopher Charles Hudson
- Lyndsey Patricia O'Loughlin
- MRS JANETTE ANGELA BOYD
- Nancy Bernadette Sykes-Waller
- Nicholas David Kipling Prosser
- Peter Anthony McLoughlin
- Robert Hanley
- Robert Hatts
- Simon David MacVicker
- Trevor Millman Hunt
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £373k | £299k |
| 31/12/2023 | £302k | £290k |
| 31/12/2022 | £286k | £446k |
| 31/12/2021 | £422k | £280k |
| 31/12/2020 | £289k | £293k |
Common questions
Is SHREWSBURY DRAPERS HOLY CROSS LIMITED financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a surplus of £73,981 for the year ended 31 December 2024, with total net assets increasing to £4,114,255. Free reserves were £584,015, which the Board notes is above the minimum level required to reflect the property folio and mortgage liability. The auditor confirmed that the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2024 accounts were audited by WR Partners.