THE WALSINGHAM COLLEGE TRUST ASSOCIATION LTD
Guardianship and Maintenance of The Shrine of Our Lady of Walsingham
Objects
TO ACT AS TRUSTEE FOR THE COLLEGE OF GUARDIANS OF THE HOLY HOUSE AND SANCTUARY OF OUR LADY OF WALSINGHAM
Financial health, per its FY2025 accounts
The accounts state that the group reported a net income surplus of £838,072 for the year, driven by significant gains on investments, despite an operational deficit before investment gains. The trustees confirm that the group has adequate resources to continue in operational existence for the foreseeable future, with unrestricted funds totaling £9.3 million. The directors consider the level of general unrestricted reserves to be adequate and appropriate in the context of the charity's current activities and risk profile.
What the accounts disclose
“the Charity and the Group aim to retain general unrestricted reserves, excluding amounts invested in tangible fixed assets and investment property (which are not strategically capable of realisation), at a level equivalent to twice annual expenditure.” — page 15
“During the period Walsingham College Trust Association charged Shrine Trading Limited management and rental fees of £33,012 (2024: £32,976) and Shrine Trading Limited made a Gift Aid payment to Walsingham College Trust Association of £36,186 (2024: £23,827). At the period end £101,623 (2024: £46,720) 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 £502 (2024: £1,227), a creditor of £22 (2024: £88) was outstanding at the year end.” — page 59
“During the period Walsingham College Trust Association charged Shrine Trading Limited management and rental fees of £33,012 (2024: £32,976) and Shrine Trading Limited made a Gift Aid payment to Walsingham College Trust Association of £36,186 (2024: £23,827). At the period end £101,623 (2024: £46,720) 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 £502 (2024: £1,227), a creditor of £22 (2024: £88) was outstanding at the year end.” — page 59
“The company also owns 100% of the shares of Shrine Trading Limited, the Group's trading subsidiary.”
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/12/2025
- Volunteers: 115
- Has a trading subsidiary
Self-declared on the annual return for the financial year ending 31/12/2024
- Volunteers: 108
- Trustee benefits, answered Yes to: any trustee benefit; other trustee benefit
- Has a trading subsidiary
Self-declared on the annual return for the financial year ending 31/12/2023
- Volunteers: 130
- Has a trading subsidiary
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2025)
Trustees
- Rev Philip Richard Barneschair
- CHRISTOPHER MARTIN READ
- Dr Sonia Onome Dore
- JOHN SAYER DOWNING
- Mary Teresa Thorne
- Rev HOWARD STOKER
- Rev JEREMY SHEEHY
- The Revd Prebendary Graeme Rowlands
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £3.2m | £3.6m |
| 31/12/2024 | £3.6m | £3.7m |
| 31/12/2023 | £3.2m | £3.4m |
| 31/12/2022 | £3.3m | £3.1m |
| 31/12/2021 | £2.4m | £2.1m |
Common questions
Is THE WALSINGHAM COLLEGE TRUST ASSOCIATION LTD financially healthy?
Per its FY2025 accounts: The accounts state that the group reported a net income surplus of £838,072 for the year, driven by significant gains on investments, despite an operational deficit before investment gains. The trustees confirm that the group has adequate resources to continue in operational existence for the foreseeable future, with unrestricted funds totaling £9.3 million. The directors consider the level of general unrestricted reserves to be adequate and appropriate in the context of the charity's current activities and risk profile. Its FY2025 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, CONFRATERNITY OF THE BLESSED SACRAMENT, COMMUNITY OF THE HOLY CROSS.
Known funders
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 23/03/2006 | £630k | "Welcoming Visitors to the Shrine of our Lady of Walsingham" |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| CATHOLIC TRUST FOR ENGLAND AND WALES | 1 | £120k |
| THE GUILD OF OUR LADY OF RANSOM | 1 | £20k |
| THE J A R CHARITABLE TRUST | 1 | £3k |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WALCOT, BATH | 1 | £504 |
Charities like this
- THE CHURCHILL COLLEGE CHAPEL SOCIETY TRUST
- THE WALSINGHAM ASSOCIATION
- THE ORDINARIATE OF OUR LADY OF WALSINGHAM
- THE WAREHOUSE TRUST
- LANCING COLLEGE LIMITED
- WHEATHAMPSTEAD COMMUNITY GROUP
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE WALSINGHAM COLLEGE TRUST ASSOCIATION LTD | £3.2m | — | 0 | above | — | no doubt |
| THE CHURCHILL COLLEGE CHAPEL SOCIETY TRUST | £27k | — | 0 | unclear | — | no doubt |
| THE WALSINGHAM ASSOCIATION | £58k | — | — | unclear | — | no doubt |
| THE ORDINARIATE OF OUR LADY OF WALSINGHAM | £936k | — | 0 | unclear | — | no doubt |
| THE WAREHOUSE TRUST | £95k | — | 0 | unclear | — | no doubt |
| LANCING COLLEGE LIMITED | £33.0m | — | — | unclear | — | no doubt |