MEDINA VALLEY CENTRE LIMITED
Medina Valley Centre is in the process of winding the charity up and distributing their assets in accordance with their Articles of Association
Objects
(A) THE ADVANCEMENT OF THE CHRISTIAN FAITH BY THE CONDUCT OF A RESIDENTIAL TRAINING AND CONFERENCE CENTRE (B) THE ADVANCEMENT OF EDUCATION INCLUDING SOCIAL AND PHYSICAL TRAINING IN AN ENVIRONMENTAL SETTING BY THE PROVISION OF FIELD STUDIES AND OUTDOOR TRAINING (C) SUCH OTHER PURPOSES AS SHALL BE CHARITABLE BY LAW
Financial health, per its FY2024 accounts
The accounts state that the charity generated a surplus of £9,374 in 2024, with total unrestricted funds increasing to £208,703. However, the trustees report that the site is mothballed pending a sale or takeover, and the charity relies on low-interest loans from supporters to meet day-to-day expenses.
What the accounts disclose
“The main income generating activity in the year has been the short term leasing of buildings while deciding the future of the charity.” — page 4
“The site has been 'mothballed' whilst awaiting either a takeover by another charity or the sale of the premises and closure of the charity.” — page 4
“The trustees are aware that there is a shortfall within the scheme which the charity is currently paying towards, and while a liability of £32,659 is being reported in the accounts, the trustees do not have sufficient information to be able to confirm if this is a true representation of the actual liability that is payable by the charity.”
Policies the charity declares
- Internal charity financial controls policy and procedures
- Risk management
- Safeguarding vulnerable beneficiaries
Corporate structure
- Registered company of the charity Companies House 00809637
Company officers (Companies House)
- GANLY, Richard Clive on trustee list
- WHITLEY, Helen Joan on trustee list
- WELLS, John not on trustee list
- HOLBIRD, Derek John, Reverend on trustee list
- WELLS, John
Property (HM Land Registry)
Trustees
- MR J WELLSchair
- HELEN JOAN WHITLEY
- RICHARD CLIVE GANLY
- Rev Derek John Holbird
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £44k | £35k |
| 31/12/2023 | £43k | £39k |
| 31/12/2022 | £41k | £37k |
| 31/12/2021 | £28k | £49k |
| 31/12/2020 | £30k | £51k |
Common questions
Is MEDINA VALLEY CENTRE LIMITED financially healthy?
Per its FY2024 accounts: The accounts state that the charity generated a surplus of £9,374 in 2024, with total unrestricted funds increasing to £208,703. However, the trustees report that the site is mothballed pending a sale or takeover, and the charity relies on low-interest loans from supporters to meet day-to-day expenses. Its FY2024 accounts were independently examined.