ST MARY THE VIRGIN ESTATE MANAGEMENT CHARITY
The object of the Charity is to administer and manage the property in its care.The income of the Estate Charity is to be applied as follows:1. Making small awards made under the governing scheme2. For the benefit of Newcastle Royal Grammar School - 53% of the balance3. As to the remainder for the related Almshouses Charity for the running of two residential homes
Financial health, per its FY2025 accounts
The accounts state that total net assets increased to £7,213,367, driven by a £60,381 gain on investments, while unrestricted reserves are effectively zero as the charity distributes its residual income. The trustees note that future income levels may be adversely impacted by macro-economic uncertainties and reduced rental receipts, but maintain that distributions to beneficiaries are linked to income, ensuring adequate resources for the foreseeable future.
What the accounts disclose
“Consequently the reserves are represented by investment properties, other investments and funds awaiting investment”
Trustees
- Dr HAZEL JONES-LEE
- GILES CURSON HUNTER
- James Watson Kyle
- Michael Denis Barker
- Michael Francis Richardson
- Nicola Miller
- Stephen John Lightley
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £460k | £460k |
| 31/03/2024 | £462k | £462k |
| 31/03/2023 | £457k | £457k |
| 31/03/2022 | £442k | £442k |
| 31/03/2021 | £441k | £441k |
Common questions
Is ST MARY THE VIRGIN ESTATE MANAGEMENT CHARITY financially healthy?
Per its FY2025 accounts: The accounts state that total net assets increased to £7,213,367, driven by a £60,381 gain on investments, while unrestricted reserves are effectively zero as the charity distributes its residual income. The trustees note that future income levels may be adversely impacted by macro-economic uncertainties and reduced rental receipts, but maintain that distributions to beneficiaries are linked to income, ensuring adequate resources for the foreseeable future. Its FY2025 accounts were audited by Kinnair Associates Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| MATER ECCLESIAE CIO | 1 | £190k |
Charities like this
- ST MARY'S EDUCATIONAL AND CHARITABLE TRUST
- ST MARY MAGDALENE AND HOLY JESUS TRUST
- LADY ELIZABETH HASTINGS' ESTATE CHARITY
- COLLEGE ESTATE ENDOWMENT
- ST MARY DE CASTRO PAROCHIAL CHURCH COUNCIL
- Religious of the Sacred Heart of Mary, Immaculate Virgin, EAP
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| ST MARY THE VIRGIN ESTATE MANAGEMENT CHARITY | £460k | — | 0 | below | — | no doubt |
| ST MARY'S EDUCATIONAL AND CHARITABLE TRUST | £214k | — | 0 | unclear | — | no doubt |
| ST MARY MAGDALENE AND HOLY JESUS TRUST | £2.2m | £60,001 - £70,000 | — | no_policy | — | no doubt |
| LADY ELIZABETH HASTINGS' ESTATE CHARITY | £684k | — | 0 | below | — | no doubt |
| COLLEGE ESTATE ENDOWMENT | £1.0m | — | 0 | unclear | — | no doubt |
| ST MARY DE CASTRO PAROCHIAL CHURCH COUNCIL | £209k | — | 0 | unclear | — | no doubt |