THE WALSINGHAM COLLEGE TRUST ASSOCIATION LTD
Registered charity 215863 · accounts filings on the Charity Commission register · also known as THE SHRINE OF OUR LADY OF WALSINGHAM
Guardianship and Maintenance of The Shrine of Our Lady of Walsingham
Causes: Religious Activities · website · Get email alerts
Financial health, per its FY2024 accounts
The accounts state that the Group held total reserves of £22,258,719 at the year end, with unrestricted funds standing at £8,986,930. The Directors consider the level of reserves held to be adequate and appropriate against a policy target of retaining sufficient assets to meet two years of normal annual outgoing, which amounts to approximately £6 million. The Group reported a net surplus of £289,010 for the year, supported by investment gains and legacy income.
Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.
What the accounts disclose
Reserves policy: two years of normal annual outgoing (held: £9.0m)
“The Charity and its Group aim to retain adequate general reserves in line with its policy of retaining sufficient assets to meet the entire normal annual outgoing for a period of two years. As can be seen from the current figures this would amount to approx. £6 million.” — page 15
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Shrine Trading Limited
“During the period Walsingham College Trust Association charged Shrine Trading Limited management and rental fees of £32,976 (2023: £31,278) and Shrine Trading Limited made a Gift Aid payment to Walsingham College Trust Association of £23,827 (2023: £27,228). At the period end £46,720 (2023: £88,498) was due from Shrine Trading Limited.” — page 59
“Mr J Downing, a Director, is a partner of Walsingham Farm Shop LLP. Purchases in the period totalled £1,227 (2023: £4,877), a creditor of £88 (2023: £41) was outstanding at the year end.” — page 59
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Mr J Downing
“During the period Walsingham College Trust Association charged Shrine Trading Limited management and rental fees of £32,976 (2023: £31,278) and Shrine Trading Limited made a Gift Aid payment to Walsingham College Trust Association of £23,827 (2023: £27,228). At the period end £46,720 (2023: £88,498) was due from Shrine Trading Limited.” — page 59
“Mr J Downing, a Director, is a partner of Walsingham Farm Shop LLP. Purchases in the period totalled £1,227 (2023: £4,877), a creditor of £88 (2023: £41) was outstanding at the year end.” — page 59
Per its FY2024 accounts as filed with the Charity Commission.
Trading subsidiary: Shrine Trading Limited
“The company also owns 100% of the shares of Shrine Trading Limited, the Group's trading subsidiary.”
Per its FY2024 accounts as filed with the Charity Commission.
Accounts audited by Larking Gowen LLP. Discloses 5 of 6 completeness components.
Property (HM Land Registry)
3 registered titles in England and Wales held by the charity’s company or corporate body (3 freehold); recorded price paid £318k. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.
Structured financials (annual return, FY ending 31/12/2024)
Cost of raising funds
£632k
Reported reserves equal ~29.1 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).
Per its annual return, cost of raising funds: 17.8% of total income — in the top quarter for charities its size (median 5.2%) (benchmarks).
Trustee list from the Charity Commission register (current, not historical).
Operates in: Throughout England And Wales
Income and spending
Common questions
Is THE WALSINGHAM COLLEGE TRUST ASSOCIATION LTD financially healthy?
Per its FY2024 accounts: The accounts state that the Group held total reserves of £22,258,719 at the year end, with unrestricted funds standing at £8,986,930. The Directors consider the level of reserves held to be adequate and appropriate against a policy target of retaining sufficient assets to meet two years of normal annual outgoing, which amounts to approximately £6 million. The Group reported a net surplus of £289,010 for the year, supported by investment gains and legacy income. Its FY2024 accounts were audited by Larking Gowen LLP.
Who funds THE WALSINGHAM COLLEGE TRUST ASSOCIATION LTD?
Funders whose own accounts filings name THE WALSINGHAM COLLEGE TRUST ASSOCIATION LTD as a grant recipient include INCORPORATED TRUSTEES OF THE NUMBER 1 TRUST FUND, COMMUNITY OF ST PETER, HORBURY, THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CLAYTON AND KEYMER, COMMUNITY OF THE HOLY CROSS, CONFRATERNITY OF THE BLESSED SACRAMENT.
Known funders
Grants to this charity found in funders’ own accounts filings.
Government & lottery funding
Grants to this charity published as open data by government and lottery funders (360Giving).
Funders of similar charities
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Charities like this
Semantically similar by activities and financial character, from our analysed corpus. Compare with THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY'S KINGS WORTHY.
Side by side with its peers
Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.