TRUST PROPERTY KNOWN AS THE PRIORY OF OUR LADY OF WALSINGHAM
The principal activity of the charity is prayer and through the Sisters' way of life, thereby seeking to witness to the presence of Christ among those with whom they live, meet and work.
Financial health, per its FY2024 accounts
The accounts state that the charity holds total funds of £1,645,273, comprising £856,045 in unrestricted funds and £789,228 in restricted funds. The trustees report a prudent reserves policy, retaining assets sufficient to meet annual outgoing for approximately three years. The charity achieved a net income of £2,311 for the year, supported by gains on the revaluation of fixed assets.
What the accounts disclose
“The charity retains substantial general reserves because it has a prudent policy of retaining sufficient assets to meet the entire normal annual outgoing for a period of approximately three years.” — page 3
Trustees
- MARK EDWARD ALLBROOKchair
- Claire Denston Epson
- MICHAEL RICHARD BUTLER MBE, DL
- Nicholas Charles Kerrison
- Patricia Joan Sikes
- Rev Paul Vincent Noble
- Sister Carol Elizabeth Stead
- Sister Mary Angela SSM
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £76k | £70k |
| 31/12/2024 | £72k | £70k |
| 31/12/2023 | £80k | £124k |
| 31/12/2022 | £57k | £79k |
| 31/12/2021 | £69k | £67k |
Common questions
Is TRUST PROPERTY KNOWN AS THE PRIORY OF OUR LADY OF WALSINGHAM financially healthy?
Per its FY2024 accounts: The accounts state that the charity holds total funds of £1,645,273, comprising £856,045 in unrestricted funds and £789,228 in restricted funds. The trustees report a prudent reserves policy, retaining assets sufficient to meet annual outgoing for approximately three years. The charity achieved a net income of £2,311 for the year, supported by gains on the revaluation of fixed assets. Its FY2024 accounts were independently examined.