REfA57ERE.D ¢OMPAifi.:MLWABEII..'Q¢44i112Y.IEn¥all"d •hd"Wal.•4",. 'REGISYFREts" WRm'.NuMBE￿.Zl1331 'R•port"•f ihTntsttt•5 and FlnanEl41 Stat4im&nl forlliè.Yow.Éndod31 Ooe*))ber.2024 for ' Walslrtgh•m.Colkngè .'IYowk61ilrD.P"rE*pDTIiIiG) Lkniwd *AEIP911RV' A11 110 CCWPANES HOUSE IY.oikslilrfPiui¥èttsÈ¥l L&￿I￿tI '.1or'the"'.Yè4r.en'dod'ai 20.24 "Rèb.wt'oilh¢Tiusttts.: ."Report,olthe"'Ind¢p*npftofi1.4￿ its Its tke advan￿ment of reli¥un for IhÈ bEng ThW¥ln8h.•m CoU•g• (Y•rkshlmPropgrtfg$1 'k¢'poitèl thelrusit¢s lorthv Year Ethlod 310èc8l￿bOt2024 Tho garo¢nprs •TE.as¥istE{l in thè ￿keeP of Ihe:g¥¢ens ty.B •t ¥*lLsn!CEf5. who torthb '8pproximately eoJ hwis.of tyno Y￿r. Tr CfjreBtor5." th91 e*Bse acM•6 pl￿A￿e"￿￿kfiI both IQ tlb)s8 .USé ihe Hall and gadéfjs few$ for febvat'and.kr ¢•ti er*y reC￿a￿￿al The fkndEq5 GorWnuE Iow5 Wèy5 w. tho wol Ènil p055ll) A¢HIEVEIIENT AND PERFORMANe£ •. Re%iEWfjf8tl￿ 'Afr8r@emarts k# ¢he P•ttlNJofth8 ve5￿￿.￿ ts C*xeSè ￿L*¢d$."(￿@l0fft1. PhHI ￿[Sc￿ tss.ruk Js Ge"fv￿ lfradk4 a ahWI Vden for wKJer PLIJAC Ih•¢ ¥L41 Ihe.gonfens. Invèstrth8nl poSty and p**¢nY•rKe firjn of Inyeslwi m￿8ge$ ￿ s1(￿￿tIJtste expwJre'io malgr REFEAENCE Ahlo ADMINISTRAnve DET￿Ls R•9lstewd C¢mpany nymbor 00440129 t￿L￿OI￿d W2les) RwJistoTrd Charltyhvmthtr .211131 PwJ94 Walslng¥wD Col*g•. {Yo￿$h.110.pl¢p@rt.iPB} LhI￿tOd fteport tiftht Tr￿1¢¢$ '.lorthg Y*af EN"thd 31 December 2024 R•glglere"d offi. waI￿￿h￿rn Norfolk NR22 6EE Tru¥te The Rev¢ B 8ell Sir R Manif8 "Th"•Rerfd 4 w￿.¢hY Faiher P ¢ariwrlgN Mr J E Mcauakr Qqnon PA Tuinet Mr C Kl ReAd Audltors Lathin9GDWéri LLP Chartend AcGwniori$ stab￿0￿.A￿￿1l0r 1$1 Fl Rouen Road NR1 1RE Solldto ¢asws& 5iw. le Merthan". NR219&Y "Pank¢¢s Barcti￿.88rt 17 M*keiPlat&Fakènhth). N¢rfc4t. IWI4BE tRUSTEES' RESlbONSI8ILf(Y STATEIAEMT The Tnsiees are tsi Owodws of Wawrsham Cokp".(Yty*sPwe Prc•"ertks) Llir&ed lor the purposes'ol ￿mpli￿ I￿¥) 8rB rBspaTrsthia lor F¥èpatiny Lhé TFusiaes' Repm on¢ ltr¢ fi￿ncl31 $tsignients kn 3ccord2nce with'yfitablb law athy ￿￿104 Kingdprn Ac¢ol￿tir9.stal￿jard (Uriled GeTYiaUy A¢￿pIe￿ ALx0J￿r￿J Pr*11￿1. towporiy la%* rewrfres Tru51ttS towepwe SIal.en￿ls.lty exh fvFKial year. corrywiry JÈ'W th• T￿Sit&S fi￿St èppio¥e the fhand01.514￿￿wI5 tlw a￿ 56ttsfwl ￿al Ihey f&r viow of the $ts1o pl awsrs ol Ihe c￿la￿"* corrfpany and or tt* TrS.0￿C& arKI 2p*kn ra3OWC65. the ams eXpe￿I￿re. of thD c¢iarflknb.cgJihparty lof prep* I￿*Se sW.enwAs. to.. - Sg19cI.su"thbk ociguntifj9 Fd¢ies and then ap￿Y Ihem c4ytsi*UY. -Ob￿N?.1hQ Inethc4Js ond prin(ipl￿S kn tlwt Chllw(+BS SOFIP. - Make ludgements gDd.KcowUrqosb"male¥ Ihat or• r4owaWewvJ PfQPgfQ Il* fioanti81 5taternents" DD Iha c(YKeFn tOY5 4 1s"knawiowtste ts) IPAI rthathlle ¢oftww wlll c¢nlirwa In iipvrathk 7hf 'Tw4ee&"ate FE5PtshSibtÈ lth leepw9 aOwy8te e￿n￿r￿j wprds g.ro sthcwt io •how snd exptBin thavitalle ¢ompanYs ￿11￿ rea$￿￿*￿é acJx*ècy ￿ ghy l•rn IhÉ lin￿etaI of thB tharHat*c' coryany Nd *n#bF2 Iheryb 10 éngJra Ihsi tt* hr•ridal.sialwwls 0)mply'¥x(In Ihe corry￿￿e% Act 2006. They p4È also ￿￿)1${blO f $aftyu3r(ting the osse￿ of Ihe C￿n13b10 Iw1okAI9 r•¥w4bl¢ sleps.knrtrt and ￿￿¢t￿ t115Glo$ur• of Inttymiatlon to authtors E¥th ol ihe per5(Y￿.￿￿.￿r￿ y￿ste8S *. l•xe •* Tluste￿ RerAylb¥prxty•e¢ h￿fj IhÈt'. . So far $5 thai T￿￿e¢S Is ware. Is hifryrn" ol dwH8bk wpaiiy'g u￿r5 arg -. That Trust¢¢.hK di the s*6. W.ID havè taktr as a Tnj$￿ 19 bg of any r¢leYanl auth( Inftsrrllalksti ioeyatyllth Ihatlhe4*ar*alk wmpanl5.w¢kn¥ a¢aW￿.(￿lhaI Irrfwmtsi jwro￿t by tyd¢rofU￿ trrtjard ol11￿18850Th .._ ".W¥lsk4"h•m Collègts. .IY.ork$hl￿.Pf•P•rt1•5j Lknli•d ..RgPOIt of ¢hg TN$l¢8S. STr A Manll*.-.T¢LL8lg?" I Report ofthe Inder￿kn1Audil1XB to thè of Walsingham College {York5hire Properb"esl Limited Oplnion have audited the finan1?￿ $tatm)ts OF Wabiwm Colage (Yothshire ProFert¥l Limited (the ¢harilable r))rpanll lor the year ended 31 Decernter 2024 whKh c£fflprise Ihe Stalemerf of Financk41 A(iNit*5. ihe Balan￿ Sheet aTrJ noi85 to the finartial $1*rn8nts. IrK￿di￿J a srnry of sgnfficaTrt acuxJnb"rKJ pots￿. The firwial ￿[K)rtIr￿) fraftwork that has been *¥)1￿ In thew preparat￿ $ l•¥ and UNted StaTh)ards IUntsJ lQrydc¥n Gener3My A¢¢￿ted A¢￿Un￿.￿ PraC￿¢e). In our opinion the ffinanoal stat￿ts.. give a true fair wew cl the state of ihe charitable crynpanl5 affwr5 a5 at 31 C*(YTr*)er 2024 and of its inc£ffling resour￿5 aTrJ appliLztyM of resources I￿￿11￿j rts and exFÉndrture. lorthe year then erhjed., have been propety in acu1rda￿e vthh United Kiwkn Generalty Attepted Actounb"rvJ Pr￿ts￿.. and have teen prepared in accorda￿8 with teqywwTwts oftt* CfyYpan*sAd Basis fw opinion We conducted our autht in act(*da￿ ￿1h In¢eMa￿OI SlaTrJards on ALtrJthThJ IUKI (IS45 IUKII zTrJ applicab￿ law. Our responsibiithes vnd¥ thc6e Sta￿ardS are fijrther d8scnbed in Ihe AwJitrKs' re5w￿￿￿"1rtIeS fy the audit of the finaroal statements Sect￿Tr of our report. We a￿ in*t￿lent of Charits￿e 0x￿nY in XCOrdan￿ with t￿ ethical rEquirerr*nts that are rebvant ￿ our audit of the fiTrants￿ 5taknnts in ￿ UK, induding Ihe FRC'5 Ethical Standard. and we have fvIfiIW our other ethical resportsitslit￿s in acced by the Compani85 Act In our ok*nK)n. based on the work uTraertaken in the COU￿ of tIE aud the information given in the Rerrfyt ofthe Tr￿lee$ for ￿ fwrLaal year for Ihe f￿anUal 51aternents we prep*ed consi4lent wlh Ihe finanoal statements.. aTrJ . the Report ofthe Tru¥t¢es ha5 kYep3red in aewdanc87*th aFvkcabk reqLNrernerts. P￿7 Report of the IndepefidqntAwditors to the Membvrn ol Walsingham College Iyorkshire Proporti•sl Linknlwl Matttrn on whkh we are required lo IBport by •x¢eWion In the IvJht of the kntr•Aedge uTrJer5tarxJiw ofthe thantable CLryany aTrJ it5 envnr¥Yent obtsitwl in course of Ihe audrt. we hav8 r¢ot paentsfed material mBstaternents in th8 Repyt oltt* Trtsrees. We ha￿ nothry to in resFed cl the foknn"rvJ matter5 thr* the CoryanÉs Act ra]uire5 U5 to rtpcthl to you rf. in ￿Jr ¢JpinK)n'. tvisiityj by us." or the finanaal Statements are not fft agreementwth the I￿)r￿S ￿ relums: or rtain disdo$u￿ oftrustee5' reM￿r￿rati￿ by are Trjlmade." or we have rK*t retrived all the inf0mat￿n ar¥J explanatk)Ths our a￿st the trustees were not enmed lo tske advantage d Ihe Wl exewbjn frcm the ￿uire￿￿t to wepar8 StratsgK Report or fft p￿parIng the Reportoflhe Tru5tW5. Responsibili￿ of try￿tee9 As explaired more fully in Ihe TrLLStees' llespo1￿1tr1"I1tsS Statement. Ihe tN5te85 (W￿ a￿ also the dwe¢tors ol tha￿ta￿e mpany for the purw5es of cmipany lawl are respons￿￿ for Ihe preparatifm of Ihe financ4al State￿￿nts and lor being sat15fied that tsy gNe a tnJe and lair view, arKI for su(* internal o)ntrol as the tru5tee5 dEterrnine $ rwssary to eTra￿e the aratv)n or rinancial staterr*nts that are fr* frcffi matwial rr¥sstatwrtnL wlkndue to fraLx1 orerror. In preparir#J the finawal statements. the trustees are respOr￿Ible for assesgng tre charrtaÈle companys abilty to conttrive a5 a goiry con￿rn, disdosirvJ. as aOuble. matters rekt&J to cor￿rn and ￿Ing tt* goiw {X)￿rn basis of accounbThJ unless the trus*es th inleThJ b) kn4uwJats the tharilthk corroany LY ￿ ￿0$¢ walw)rts, or ha¥* no realistic alternative but t) do so. l)ur wponsibilities for the audit of the ￿NancI•l slater￿ Our ¢*J"e#Nes are to Lthin reasonable assurance ab¢>Jl whether the finanoal stste￿nts as a Who￿ are free from material sstaternent, whether due to fraLhJ or err¢X, to a Rek￿ of the lfyJeFeThknt A￿art0￿5 that includes our opin￿)n. Rea$￿atrIe assuran￿ 15 3 hEh of assur8r￿. Trjt a waranlee Ihat an a￿￿rt ts)ThJucW in acrudants with ISAS IUKI will a￿ayS (*ted a material misslaiement when f( exists. Mtsstatwnts can artse from fraud or error and are considered material rf. ￿d￿1￿Ul1ty w in ts a9¥eg*e. they ¢>)￿1 t* eX￿￿￿j to Influen￿ thg eCOr￿Nn decisions ol u5ets tsken ￿ Ihe basks of1￿￿ finarKaal ststerr￿ts. Irregulari*es, In￿dir￿j fraud, a￿ insta￿S ol with arby rtyulalxm. desun w￿dureS in kne wth c*Jr reSFX)￿ibllrt￿s, ouuined above, to detect m*erkal ftlsstaiements fft resFÉCtof Irregula￿e5, induding fra￿J. Due to the fielj. in whth tr* Chanty operates. thnlffied mst likely to have 8 dire¢* material Thpad on the finanoal ststernents as wnplIan￿ with a￿oUnting sla￿la￿S. irtknling Charites SORP IFRS 1021 ar￿ ¢harrty law In athyition. we consmlered the provis￿ of olher lkns aTrJ regulaI￿S whiL5t having a direct inpad on th8 financwl stalernents, are fundarnental to the Chanty's at¥lty lo cyerate. 1rKW1r￿ heath and safety. employrrent Kaw. data protecbon and comtyk3nc* with variws regulatKMs relevantto the o)nduct oflh8 Chaitys operatKJrts. Our approach to iLlenbfyiNJ a￿1 assessing ￿ risk of material mtsslal￿t in resFeCt of wregulaiit*s. ir￿lujI)g Iraud and non-com$Yon￿ with la￿ and regu￿1￿5. ir￿urted the loliMrrfJ'. ' Enquirie5 rnanagement arKJ the Tntstees about any or irtst2rtss ￿ rnn-OJrrplk9n￿ with law4 and re9ulations. accAdents in the workpla￿, data potential Irt￿￿1 or dairr¢ amd fraud." ' Reviewing legal anLI professKJnal fees to rnatter5 wheo ts Charity ervJaged Iwers duriry the yg3r,' ' Reviewing financial slalernent dL5¢bsures and testing to suppwtw doDJrwnlation to assess (*ianc• wlh aPF4￿atl8 laws and regulab'ons", . Reviewing board meeting rninutes and any ￿￿vant fXJTe5poTrJen￿ wilh extemal authorths". . Challenging a55ufflpbon$ judgements made by mana3errwt in Ihwr Sgnffj￿nt accountiry estinates," and . Auditsrvj the risk of Managerr￿￿t overrth ￿ wityots. induding thrtwh ie5bry joumal enttie5 and other adsusbmenls for appropriateness and evaluating the busi￿$5 ratronalg of any signrfrant transacts(￿$ oUts￿e the nomal course of busirEs5. Because of the inherent limitabons of an a￿jrt. thwe is a rtsk Ihal we wll detect all I[￿gU58nbes. inclth1ir¥J those leading to a material rnE51aternent in ts finanrA81 Slaterne￿ or nonl• acllvlllo5" .Ch0rfta.bl￿ aGI"vlt 229,707 11.117 .229,707 11.177 241.871 10,895 Totèl 18.790 259.674 270.459 Nol 9a1ns 114,921 108.6gs NeT INCOME4EXPENtmftEI Ttanslers i>etweeft 11Y22QI 1188.1921 f4U51 .96,131 'NctinD¥OJiLli¥t in'lund6 POS.7121 300.874 94.962 11rd,885 RECONCILIATION OF FUP40S 'Toi81 kndsbrgiwi 'jS92063' 3..429;.Q78 IOTAL FiINDS CARREO FOAWAY¢D .181213 .3,439.612. '4V27.825 .Summary In¢•m•gnd ETrenthiurvk¢puni Tolallun"ds" 2024 2023 Gross kntoiiié. L•s< lots10xpLbn￿WI Neij•yndlturEI 239.715 240.884 11.1S91 2¥772 Pag# 10 Walsln9haffi Co*e': .￿OrkshIr*.pIopWtI9•) lj ,88la" nce SIMI ,'31 Pe¢embEr211Z4" 2024 T*n9Vob" èss• 15 16 2,472,287 3,14&025 CURRENT AsseTS .17 1$ 185 O¢blr) "Cash al bank Tri hai 21,020 -1%,013 CiiEDJTORS AThunislalFln0d￿.￿l￿n.C￿￿r 19 123Tr191 128.04F). NEr CURRENT ASSETS 1n,094 .TQTAL 1fy&SETS LESS ¢URFIEiffuABILmES 1627.825 3,627,825 3.È32,86J FVNOS. R8ser4*S 188,213 393.92S Endosvmeni.fundS". j,'13fj,938 To*AL ÈuNts$ 3.627.825 3,532,8G3. sial￿nents lié¥0 pr¢paffO I):X(¥)rd￿ wovtJ(•s:..gp.pNrth lo th¥1ts018. ¢wcpanks 17 April 2025 The ¥￿è Its Lphatrby. Sil il Nl8nlia'_.Trnsteè P47.11 Wèlslngbam ¢d*ge' "IYoi*sN(t P.r*ertlts? UnW•d lor tho'yoy End*d'31 Decéinbor2024 ACCOUNTN& POUCIES Ba$ls of weMrfngthè"flMficl81 stal¢mertS Trg ￿and11 I￿# been wepaTed kn aC￿¥dante 8￿j FI0￿bn9 by Cha￿5." Sloterne ol Re￿rn￿e￿￿ed Pracuce OP￿￿3b￿ Iv Cha￿e¥ "preparry Ihth ata*rts kn actord8rfe wAh thè Finwebl R4porting S￿5j￿r￿ applitèNe kn the U< ond Rew4)¥e of Ir¥*)d IFRS 102. 1 JanLtary 201YI - ICbHAIivs. SORP (FRS 10211. Ino Swhlwd ¢Th Ihe UK arnl RÈAthk¢.of Ir*nd IFRS IQZI 9od Inp fA)i*POrties th121)J6. W8lslrt>**n Colw Lynled n%ets d¢fK4kn of o benrfil JI￿ty FRS I￿£ Assets and labllSile5 .*t lfjP4aly rnGrgw'l 81 oisl w k3ThS4Gts￿ 1)th¢￿$¢ SWLed In Ih Comii•nyststUS ThE Cha'ray Is a cwpany by *"r¥s, "o*lw•d in Eri*" rKI Wth&. SPores we Iwd by W818lwh*' Colw T¢UsiAs￿￿on Llli%t&* Golng ¢on¢e Th'e irusreÈs have ccrtsidÉred Ihe r•s*k￿.￿l tho ol $1fv9 th8 finantial slalefi*nls #tstt'h8¥e 8190 nsTd9fgd Iht ¢Ltyrenl fnand6151rtrwJlh of tl¥J th￿Ilty.￿a$￿y 00"1F45. ￿ tr￿￿5 h4¥e thal.they have leas￿3b￿ exp￿￿ri￿n I1￿ thaT*y have ad2waie roswrcas'lts ¢Orthwe tn Vfatrmal lor the (oreseeable a( Irom lh8 dae d ￿TlIng th89e fTharKial ststernon¢% Ihey .IhwrfL All Ls ¢ecosthd M¢* ts Chofiy has f rdilenwl 4p il b WDb3blè Ihai lrtty)w *ll bg. f¢C￿e￿ anEI the ¥rMJmt of bo ff,•asw¥d r•%*ty. fraw OjnFJIBin5 and grnrf% Irsccffi91s . Nthen dtn(#s ifflwse bq futhd bth the beoynÈs Io u50 knwin•. yjtt kdafarrÈd and r¢oi h*Lrtd In reswrceg.wlq IhB"wertKdhiJ'nJ farus teert i￿L . dor￿￿'sPe¢lty w donBgws IrKtLKJtyig 9rw)ts. lor roskid￿ pwptsst5. do arnowl VJ pffj pxthiwo. fe9wth9 ltrl¥ Is bnGL¥NWJ rgswrca? of come Ir￿rt wl515 kn? has rnE4 th¥ has bec¥inie pnlll80 lo thÈ tQSOLf trK¢me sle ￿ FI￿ts N•ms ty V¥J 19wity (DT s* lft tke k￿luded 45 fvierffjw Irwi ol coVAge5 aFtd ol Il* Is It ￿.(￿Ved értd l& ExpondNurè Expen￿lIl￿e Is ntO9iM8*d on¢* If*re is g W or ot4oth to tr3nsft¥ txnEll 1¢ a fftlrd paty. li is tr￿1. a Iransfer ol econuwd¢ t￿¢￿$ wll in $ètt18]Iienl ond Ihe"""arn¢iLni of th8 (4Jl9ptiM can. be m9aSw￿ T(W. EXP￿th.b￿e 4$ ¢wfieO by ac•v#y. ￿$1$ ol exh admty arB mèJ2 w) or e ol dir￿¢ rn5ts orxl sharwy o)515. SUFVL4.l.LJJSlS ithrJ4%d h? urxlerf8kkng 83ch a¢tsvKy. Dir￿1 op915 allnbbfaw 10 e SI￿¢ ￿￿VIty are alFx4ed ¢frEslty. 10 tl%41 ¥cknty. Stborod L*5L% whth cthtribuie mora ihan 4)n acli¥ily and suwxJrfs"th5ts arè not al1rf￿labk to a Xts%fly.¥¢ bolwcan ￿)$* Ectmuts on a tsas"$ wnslsi•rn ol Cthtral 5EaW"c0515 aje *hxal¥d on IhB ba$1$ of ontl Funth*ing. ¢c¢ts #re &ee*ity &xI oo rxy o)&ts ol I￿r￿trI￿ra0 In support d Ihe thar*ablÈ ¥tiwtw tXb51s are th0"5e Iii w)ètUcrf) P*uè 12 Walsilwham Col*¢ (Yo.￿h￿• Pyopeths) Lfmlltd Nolests Ihe FI￿an¢1a7 31atemqnts.. ¢9nUnuod. lorthe Yèar Eo4*d 31 Oecefflbe'r 2024 ACCOUMTING POUCIÉS.c0nilnu￿. Exp¢ntitu Ih41 ￿59 lu￿￿, T￿gIble Il¥•d a¥gols•nd dryrfflalÉ¢>n Al05wtscLi%ltng morethan t5￿> arneAF4aked. A lar Impafvenl d 8 fved-o5s¢1 t)th Nwerts tir In ck-omsIan￿ the" carrylnè val.1￿ DI any fixed Tt)al be ￿￿ble. Smtws DI Ilwd 85$ots thqtr" re(o¥8rdtrAè amounts 4r¢.reCOw￿d os tsryawrpents." Impawnth Jts55è9 kn Ihe Sl*effenl of. Flftacml A¢U¥llles In¢wwaUr8 Expfjrxtlui4 Ac￿L T8wblè fixed'3ssets 8tE car￿d al"rThl. n"* of •NI *ry I￿￿￿rI￿1. Drtw8clatlon 15 wl rates ¢akulated lo wit8 off fv t¢st of ffixod w61* knss the*- rey£hJa vaKE.. cw the ..饥ectyd I￿al￿1 lfvÈs orh Ihe lo1￿￿￿ basès. PleitBnd inithinery Fits￿ rrtt￿ 5% kne deprEdatknn hos t*èn thargBd an fandar*J asll iwsan IWe. Stocks Irth•st Mcefvablo Ihts Ss olthtr frlweslpakl w P￿lIè by Ihe BHn Dobto and 4J*ar ttel*￿S we re¢tyJnised ai tr* ¥IlleD￿l after any lTrde I**AwI offth¢d. fvejwffenls aTa .Cash ai Ban* 3Dd In hand .monfhs OF l*ss"IrDm the" dala 0f¥cqiiwt*>ra.￿(wry rrfU* ￿C4￿1. Ll&bthknes *8 rem￿￿$￿¢( %then Ihere 15" an thailffj. ai &larice' dato a8 a WE5yN ol a pa51 èvènt. 11 l&" p(c*abb Ih4t.a tspnsfw-cl ecOr￿￿C ber*S1 thl ￿ ré0￿(a0 lrt sttllèA)9nL ar￿ amMI of 5ett19menl.tron t¥lkna*d rEIL41ty. Uatklllifjs •r• tacr*Jthd a kne amwil thal kne Cbanty ￿k1pa*S Ilwl pai io Ihe da￿ IhB amoJNI 11 has re¢eW as.aii¥hra pay(rnrts or 11 ff¥Jsl prDvbJB.P.iO¥i%h)ns a.re mods￿￿￿ al"Itw beA e￿￿1￿￿te reqiitred fo"SeU*lhe ¢￿tK)r& Ihfftora the'otseu of IFY volue Irririey ts malerial, Ibe.pKMsth Is t47sed Ihe we5￿. I ol 8mounts. &swnW al Ihè kYè-L?J d*s¢otsnl rai* Ih81 ￿￿e￿I5. Ihè t*hs:sg8glk 19 W*fjly. Tha of.the 45 v4AhEn.k)leFeg1 pay•Wa. tnv•sthigDIS. Irwastmerts bro.* lori* rA fmarwi81 ¥re retw7k%ed al Iraft5a¢lhty) and wbsequ¢nty msised. 81 latr Yakre a5 baLwKé 61fft"I ￿9.￿45%￿J woied mawkè¢ The ""SwK4ineni of Finarod Acws ItfLWDe aNI"bwKMlure not 9aln$ losse5 •rWng on reVtha1￿ ?nJ F.1Th￿claI Inlnur￿n16 PAge13 W*"109ham cdkaè '1Y0￿ShIr•I￿Utk5l Umlt•d .N•lw to the FlnuncwlSiaterNnis-eortir*d forth• YBar End&d $1 D•t•mb8t 2024 A¢COUNnNG POUCIES- corttlnued £¥¢ew tsr [nws￿wLS." kn.fiJweb￿.a$s8ts wd kncl4 ol o kirwj al I￿5 rinari<Èd frn5truments. "Bas￿ fvrtk*i In*ry*ii￿￿ 8ia w&liaty rawised ot tyariEar*on v¥uo. ar￿ *b$g.¢iugni 'Tnta5ur¢(l ai fv.ir xtWn¢nl.¥afw &cepikrf¥ uf bar41 s￿￿¢h. ar¢ sub5ewdy A￿￿￿ed w amortis*1 COSI ￿fi0 theeffBctsvplrthrest rriUJL* FundA¢¢"vunllng Endo•sm8nl Fuith rémert l1yj5e.8￿ts *i*h mitst bè P*kl ty.ts c*Niiy. In it¥￿t.0f Ihe irnfegnwnL8 ihesg are tr*n09ed 40 Il¥ Tnthes hosknnf. Poky. Yts IwT* Irdm Ihè Resirtded fuods arè aro ty bo spe0* ty$ 4knvtS Dr *rtdth hayè been Tr15￿1 by Ihe Charly p8rtbJl¥ Tr¢ c*.ol aN1.wJmkn￿tWkng arg ¢har¢iod il)2'.SFwuk iLty¥J. Tho oteoth rt5W*yed'knnd is lèi kn kne ntst8s kn the finartd81 6taternen P￿&1p .pwiablo bythe Charty lo the in *SPttI Crfll¢al •¢¢￿nI￿V •stlm¥t•s ¥nd'amas ¢51ludwnB E*nytes and e￿ c￿l&lL￿1fy wehraied aod we based on h15t01￿* oltssf lats, alail&b? Ihal we bekoved urder thedrthmslarte 'a5SiJmMir*s. WHI. by d￿knif100. egUo1 tho fekt8d a¢lLO1 re￿. Tho vljFnaiE5 0ThJ assump.bons Ihal hav8 swJniffcanl Ikyk of io th8 cl aSael$ ￿ I[W￿l]eS ihg rp%t 5¥ful of lung￿10 asSètS depfEEiD1PL￿ h)r'l*W" .wets Is""sehsknè.lo Ihe Usel￿ er<￿iT￿ valu• ol ￿8?1$. Tr059 gri)rAJwiE ?nd te￿￿￿atr vakA* ￿ r>￿Sessed ￿TrUal¥. They art arnen(tod whep ne¢eÈs*y 10 ￿￿ettE 8iiniates. oil arty￿￿1￿1 1nVtstynr￿1 . uiltralitin and Ihe phfJic81 of ￿ as¥el. SeE" I￿le 15 for the oflare￿¢ Ilxqd and Iho L￿lfil aa]nonu¢ fr.'ES.olÈarb¥Jass"olassei DONATIONSAND LEGAC*$ 2024. Tolol 2023 Toial ids 14051 t6,694 10,OLXI 11051 16,894 Pago 14 Walshv4.harn.¢olté#" (y￿kshirt Prtyerfl¢yl Llfflk¢d 11gle8 to iho Fln*n£ial Sial0"Rio"ntr-coniln￿d forthe Year Endod 31 Dqufflb8r X+*4 .OTUÉR TRA￿ AcY1b￿r[ES 2023 Toial "iw.d lyftds FLKbL*a15kng.frKgrnii 4,541 4.S41 INVESThENTIN¢OIiE 2024.. TOW lurtfls 20.23 Tol* .tun¢s L*kfe5tsi¢ied nds 114.431" 114438 121,47e INCOIIE FROMCHARifABLE.ACTlVtIE$" 2024 '20fJ 218 w￿j￿r 67.020 31.470 30.15Q 98,490" 89.fj54 OYHER INCOME OlktBf 4!crrfnè o! FS..552 12023.. £8.767Ymr¥th*. &)ss d&posal ¢%ftxvl45$91s Énl'.12023: 1055 orts48)and Sti71￿￿00.its OFtI"i52.12fft3...￿.315I. INVEStIAEpif IAAPIAGtAIEKf COSTS. .¥J24 2tr23 Iitnd PcdI￿O 16,19Q CMARITAOLE ArfbvmES.COSfS Coslsjse•" note>l rw15 Ise• Tdal$ Ctiprflablp acS¥i¥es"' .GovernarKo.¢osw. "229,.7fj7 '.229.707 f1.1n 11,17Y 11.177 240.884 Pap 15 .IVal6lngbarn ¢.oll+9•" (Yovkslilre'Prop•ii•>l UirAt•il "'Note"s to thE":Flnan￿aJ Ststhni¥•its".' ￿nI￿1*0.. ,'for' the.year Endotj 31 DaGvTTkbtrf~2tr24 ,.DiRÉCTC05iS. OF CHARff.AatÉ:AThfE& 2024 ..Siall costs .Raw and l¢i5uw¢e 5tY 'Posl•39 wi(I,Aloiwe "3.0Skl ' Bilskness rnl*S and courKII lax ).A25 1.998 .Books #rid TrncSDr iud ard.wNbynw Cxlitir Pri4trx> hind ￿- ?5 SUPPORT COSfS '.Giiv•rn•n¢p60•ts 2024 7.657 EcouniarKy anii logal ts*s.' P*"16" WalSlTrJham ¢011 rkshlrt Pfopefiiesl Llml• Notos toth*'FkianclaS St*em¢fjls..Mnthiued .'fr¥rthé Yiior bided 31 December2fy24 .11. .N¥f INCOMWIEXP.ENDmJRÉ) 2024 20rJ 7.375.. 5.738 Detye¢laiierfi: owfié¢ta55eis (YeficilQD'thspos*01 Rxed ass•iÉ PenstOf* costs .5.74 TIQUSYEES. REMUNERAT1014 AND 8ÉNEFffS T￿t*•$'•xp•ns*s Th?Tè tn1¥￿5, .expwffAs..".p"S* kni the yw cits1 31 DEceTr*et 2024 the .￿ W•Jed 31 Decerter 2023. 13. STAFF C.OSTS 2021 2023 Wagea 8t0 sJtsriÈs S¢¢lal 50umtye!JslS co3ls 5.938 5.744 105,459 2024 benefits.oTlhe key pwr5￿ d Ihg ¥Mrkyiw¢o£34A4 120.23.. £33'."8421, C<)MPARATIVES FOR TtrtE STATEMENT OF FINANCFAL Acyiyr To INCO* ANO ENDOWIAWS FRO .Ctynq￿E1S anol1Ègao85 40ml 40".092 Cb#r!tabTo actNrfi06 baritebb xbvitses 0￿er iiadth9 acltyir "V¢YThènL 4.857 125.478 8.767. 121."478 Total 2S4,64B EXPEP4DITUAEON RalslnB funds" .W41l￿ftgh4￿¢¢IIeg• (YO￿$hIle Prop¢niesl LiTr¥l• NotÈ5'to Iht FltF**lal Stsiem￿ls. Gonllnwts (Or thtryèar EFthd 31 D4¢¢b￿be.1.2?24 14. ¢OMPARATWES R)RnÉsfATEMENf¢F FN4NCIAL AcnvmES. 11.;687. 17.687 17,687 241A7T 241.8n .G¢￿•￿anc• f45¢$ Totsl 1.7,667 270.459 108.696 1.28..1241 167,252) "Tr•n$fqr5'1Jet4¥eon PS.376) 198,.261 "PE¢QNCILIATIQN"OF FUNDS T￿ l￿d$ lJrDuohl 2.910.G77 '3.429,&78 TOTAL FUNDS CAlthj￿.FQRy4AAD .3a3.9 '3.13& . 3.Xl2,.863 1$. TANGIBLE.FIXEOASSErs' Mlures COST Ai l Jan￿Y a024 589.943 4T,895. 129,751 17.6qO 767.596 19,548 Al 31 Dtr£mbera)24 .591,911 •T,395 147368 ?f,144 DFPRECIATION Ai 1 Jwuary.2024 .ChJYy. fory¥F 47.895 .91.858 Al 31 DeEerrthr2024 47,695 . 57.fl7.4 105,769 .NEfBOOK VALUE Al 31 tioeorrtJ9r2024 Ai31 D•"c6itar2023.. .591.981 e9.3Y 681,375 589,943 . 65".795 675,138 Paa• 16 'W41sln"Aham"C¢+W*.. (YiirknKlwt"Piopeths> UmR•d 'Noto3 lothe Fltk*iclal Sialém¢nts.:forrtlnii•d"" 4w.tlio Ye¥ Endèd 31,Oec"*ink*r.2Q24 Listed "MARK￿"vALlE. .Ai 1 !anw2 Additions .1.472,287: 865,65S .1674,6581 120.072 31 0ocwTrby.202a .'2"774.356 .NEf 800K VALUE. Ai 31 Oecembw .Al 31 O.eG*niei 20Z3 "2,472,287 .iY. 2024 .18. DE8TORS: AMOUNfs F*LLING DUE bWIIiIIN (iNE.YFAR 2024 SJ2) 370 soo PrepoyThor1ls'anJ'¥au￿ Irttt 'VAT .21.02D 3¢A66 19. .¢REOIY(IRS": AiIOi#I¥S FALLWIG"DUEwfTriwio.NÈ..YEAR. 2024 Z3 TFa¢• .StcJal 5pCIErty.antl.(itF￿l,I&lèS 5.62$ 19,S26 IYoYkshlre Pfop¢rIl￿j Uw4*•d Note*to th¢ F￿¥￿1¥1 StAtwnents"" contlw¢ for thEY&ar Ended 31 oB¢¢m￿r 2024 20. ANALYSIS'OF NEfAWS OEYWEEM FIINDS 2024 Toial 23 18,119 665256 ITI4356 081.375 2,774.356 196.Q1J 123.9191 615.738 1472287 4ZO.8B4 136.0461 In¥estmis 123.Mg) 1K213 3,439.612 1627.825 9.592.863 AT￿ly*r¥ ofnet assets be￿ wknrye* Unr¢sWd￿ El￿)￿rr￿1 thJTrJs 2023 Toi FTrAed ass Inve51m6niS Cumentasséls ¢knnl liotyll 9,087 666.651 2,472.Z67 515.738 2471,287 420.W (36.0461 136.0461 393.9Z5 3.138,930 3.532,863 MOVEMENT114 FUNDS Trar￿lIS Ai 1.124 31.1124 Unre5trlGted fvn 1173201 11144921 1502QB 1172201 048,4921 18ts13 Rgstrlct•d flind• Reslrfcted 116.0511 Endowmtnllund$ EtwJTh¥4llenl 3.130.930 9&131 3.439.112 TOTAC FUNDS 1532.863 94￿62 3ffi27.825 d.. Vlalsb￿.h0th Collag•." IYork>hlTv.Pmponi•$l ihriiled otesto Ilie Flnéft¢latst4leM*nts'* ¢onlJnts•d". .lorthv Y8ar.£nd•d 31 D¢rAn**r2924 21. 'MovÈhiÈNfw FUNfis.¢onbnuEd inL4ided kn th8 #bo¥e¥tras.ith&' UnTIiGtrltt1 YarAL FUNDS ' 2J9,715 .￿59 6741 14,921 94962 "Cothpafkii¥4sfor rnAv•n*nith fiiiidg Tvdrtstets. Al 7.123 31.1223 ijrtreslilctedlun Rè5'eryas, Shar•'cap 124124 1672S21 489J 128.1241 1672521 393,925 Endowment lundts EodowThonl luTr1s TOTALFUNDS. 3.429.97 ID2 $,S32,863 Mowor4AI In {￿J$ untestrlcledlun.ds A￿r￿￿ 128,1241 ErylThynenl {.17.687} TOTAL FUI40S 1270..459 102.885 'IY¢rkshlre Propwlwl Not¢g'tO Ihé.FIn￿FalStaI¢rn•￿ts-c0nui￿• lorih• £rtded Jl D¥¢6m￿r 2024 .21. MOVÉMEMf IN FUNDs.¢OTrtkn￿gII Tr*751qrs. At1.123 31.1224 489296 188208 s￿re ￿￿1￿1 4tr3.301 145.3441 188213 16.051 116.051) 154D,6n 271.795 3,439,812 TOTAL FUNDY 3.429.978 197.PM7 3.Ek7,B25 A yezr 12 12 r*1 Ip lh¢ at*)w arg >5 In lufyts tsftr*strld¢d Iw 44&312 {4YJNfjI 145.W) Xo"5tr1Et¥d Iwid¥ Res1￿￿•0 14051 En"downitnlfviids 40,01)) IX4771 223.611 227.140 TOTAL FLINDS I￿.133> 797047 Thfj endtswnwJi the hwc cc*t of ryopwty.al Par¢e¥al Haj plw I1¢"'subw￿l eapi1g1 Yhè ov0￿1 bab￿6 01 £1152T7 trw5fenEd tem 10 4* erydow¢rt lund re￿*sents Iha expéndlufe QI) ihe"effl￿#ed iiroporfi•s atsj w¥•sii%(Èd idnvoyierl wto all rrf ich •re fE*rthd capi*laoSets. f￿1￿¥9d... IV¥lslngham Cg11•9•' (Yort6hlwg P14)p•fii¢$l Llmi1•41. .Nolts lti th.è Flnancial Slat•m*nts ¢(•fitlnu lortheyear Ended 31 2024 ..EhPio￿E BEI4EFf OWGA?I(JNS Ibose ol Iho tlv.rfty In "an iNlépw¥kn",•y, aiknknsièrod l￿d. .Tha p*thi co* thar98 contrfbiilhin&. 'payabk ty ihè th"￿￿ 16 ￿ fil￿ &id wwJfiled lo £5,93812023: £6,744 Ap￿AL COAIMITA￿TS REiAreo PARPI IXSCLOSURES 2& .￿TImATE ¢ONTh(￿L￿ PARfY. 1xm￿.￿¥ k'"¥thdly tyYrty"I by.WÈishtyPo"m Colege Trwl'"A5sodakn" regst8r8rt Gl4rily numl*i .215e6). rrtE regthtyed uryaThy iith*J8r OIY318W. ThE'&wty exists. lo 8valBbl$. Ihe.Shrbie of OL¢r Lady W,thingham, a.plac8 of ￿.12rf￿a￿e. .Th0'¢M￿lrfalpy (an be f*J knlih ikÈ Re9.Atr¥ tl Ctyw4es 81 H￿¥e. Croth Way. Callfjif,'CF14 3UZ. SHARE CAP￿AL 2Q23 Iitetj, tslkn" up pa 20 of25p opE￿￿11G LEASE co1￿lITME￿rs AI 31"P9Egrt>or 2024 Lhe'lDbl of. I￿￿[* *ase paw7￿% r￿r￿￿L*￿1%è. toUr*J leases4￿5:. AmDurt re￿1¥11￿• 23,911 elwètn 13rnl Sjtars. "9,648 Totst 35.621 35,778 REfA57ERE.D ¢OMPAifi.:MLWABEII..'Q¢44i112Y.IEn¥all"d •hd"Wal.•4",. 'REGISYFREts" WRm'.NuMBE￿.Zl1331 'R•port"•f ihTntsttt•5 and FlnanEl41 Stat4im&nl forlliè.Yow.Éndod31 Ooe*))ber.2024 for ' Walslrtgh•m.Colkngè .'IYowk61ilrD.P"rE*pDTIiIiG) Lkniwd *AEIP911RV' A11 110 CCWPANES HOUSE IY.oikslilrfPiui¥èttsÈ¥l L&￿I￿tI '.1or'the"'.Yè4r.en'dod'ai 20.24 "Rèb.wt'oilh¢Tiusttts.: ."Report,olthe"'Ind¢p*npftofi1.4￿ its Its tke advan￿ment of reli¥un for IhÈ bEng ThW¥ln8h.•m CoU•g• (Y•rkshlmPropgrtfg$1 'k¢'poitèl thelrusit¢s lorthv Year Ethlod 310èc8l￿bOt2024 Tho garo¢nprs •TE.as¥istE{l in thè ￿keeP of Ihe:g¥¢ens ty.B •t ¥*lLsn!CEf5. who torthb '8pproximately eoJ hwis.of tyno Y￿r. Tr CfjreBtor5." th91 e*Bse acM•6 pl￿A￿e"￿￿kfiI both IQ tlb)s8 .USé ihe Hall and gadéfjs few$ for febvat'and.kr ¢•ti er*y reC￿a￿￿al The fkndEq5 GorWnuE Iow5 Wèy5 w. tho wol Ènil p055ll) A¢HIEVEIIENT AND PERFORMANe£ •. Re%iEWfjf8tl￿ 'Afr8r@emarts k# ¢he P•ttlNJofth8 ve5￿￿.￿ ts C*xeSè ￿L*¢d$."(￿@l0fft1. PhHI ￿[Sc￿ tss.ruk Js Ge"fv￿ lfradk4 a ahWI Vden for wKJer PLIJAC Ih•¢ ¥L41 Ihe.gonfens. Invèstrth8nl poSty and p**¢nY•rKe firjn of Inyeslwi m￿8ge$ ￿ s1(￿￿tIJtste expwJre'io malgr REFEAENCE Ahlo ADMINISTRAnve DET￿Ls R•9lstewd C¢mpany nymbor 00440129 t￿L￿OI￿d W2les) RwJistoTrd Charltyhvmthtr .211131 PwJ94 Walslng¥wD Col*g•. {Yo￿$h.110.pl¢p@rt.iPB} LhI￿tOd fteport tiftht Tr￿1¢¢$ '.lorthg Y*af EN"thd 31 December 2024 R•glglere"d offi. waI￿￿h￿rn Norfolk NR22 6EE Tru¥te The Rev¢ B 8ell Sir R Manif8 "Th"•Rerfd 4 w￿.¢hY Faiher P ¢ariwrlgN Mr J E Mcauakr Qqnon PA Tuinet Mr C Kl ReAd Audltors Lathin9GDWéri LLP Chartend AcGwniori$ stab￿0￿.A￿￿1l0r 1$1 Fl Rouen Road NR1 1RE Solldto ¢asws& 5iw. le Merthan". NR219&Y "Pank¢¢s Barcti￿.88rt 17 M*keiPlat&Fakènhth). N¢rfc4t. IWI4BE tRUSTEES' RESlbONSI8ILf(Y STATEIAEMT The Tnsiees are tsi Owodws of Wawrsham Cokp".(Yty*sPwe Prc•"ertks) Llir&ed lor the purposes'ol ￿mpli￿ I￿¥) 8rB rBspaTrsthia lor F¥èpatiny Lhé TFusiaes' Repm on¢ ltr¢ fi￿ncl31 $tsignients kn 3ccord2nce with'yfitablb law athy ￿￿104 Kingdprn Ac¢ol￿tir9.stal￿jard (Uriled GeTYiaUy A¢￿pIe￿ ALx0J￿r￿J Pr*11￿1. towporiy la%* rewrfres Tru51ttS towepwe SIal.en￿ls.lty exh fvFKial year. corrywiry JÈ'W th• T￿Sit&S fi￿St èppio¥e the fhand01.514￿￿wI5 tlw a￿ 56ttsfwl ￿al Ihey f&r viow of the $ts1o pl awsrs ol Ihe c￿la￿"* corrfpany and or tt* TrS.0￿C& arKI 2p*kn ra3OWC65. the ams eXpe￿I￿re. of thD c¢iarflknb.cgJihparty lof prep* I￿*Se sW.enwAs. to.. - Sg19cI.su"thbk ociguntifj9 Fd¢ies and then ap￿Y Ihem c4ytsi*UY. -Ob￿N?.1hQ Inethc4Js ond prin(ipl￿S kn tlwt Chllw(+BS SOFIP. - Make ludgements gDd.KcowUrqosb"male¥ Ihat or• r4owaWewvJ PfQPgfQ Il* fioanti81 5taternents" DD Iha c(YKeFn tOY5 4 1s"knawiowtste ts) IPAI rthathlle ¢oftww wlll c¢nlirwa In iipvrathk 7hf 'Tw4ee&"ate FE5PtshSibtÈ lth leepw9 aOwy8te e￿n￿r￿j wprds g.ro sthcwt io •how snd exptBin thavitalle ¢ompanYs ￿11￿ rea$￿￿*￿é acJx*ècy ￿ ghy l•rn IhÉ lin￿etaI of thB tharHat*c' coryany Nd *n#bF2 Iheryb 10 éngJra Ihsi tt* hr•ridal.sialwwls 0)mply'¥x(In Ihe corry￿￿e% Act 2006. They p4È also ￿￿)1${blO f $aftyu3r(ting the osse￿ of Ihe C￿n13b10 Iw1okAI9 r•¥w4bl¢ sleps.knrtrt and ￿￿¢t￿ t115Glo$ur• of Inttymiatlon to authtors E¥th ol ihe per5(Y￿.￿￿.￿r￿ y￿ste8S *. l•xe •* Tluste￿ RerAylb¥prxty•e¢ h￿fj IhÈt'. . So far $5 thai T￿￿e¢S Is ware. Is hifryrn" ol dwH8bk wpaiiy'g u￿r5 arg -. That Trust¢¢.hK di the s*6. W.ID havè taktr as a Tnj$￿ 19 bg of any r¢leYanl auth( Inftsrrllalksti ioeyatyllth Ihatlhe4*ar*alk wmpanl5.w¢kn¥ a¢aW￿.(￿lhaI Irrfwmtsi jwro￿t by tyd¢rofU￿ trrtjard ol11￿18850Th .._ ".W¥lsk4"h•m Collègts. .IY.ork$hl￿.Pf•P•rt1•5j Lknli•d ..RgPOIt of ¢hg TN$l¢8S. STr A Manll*.-.T¢LL8lg?" I Report ofthe Inder￿kn1Audil1XB to thè of Walsingham College {York5hire Properb"esl Limited Oplnion have audited the finan1?￿ $tatm)ts OF Wabiwm Colage (Yothshire ProFert¥l Limited (the ¢harilable r))rpanll lor the year ended 31 Decernter 2024 whKh c£fflprise Ihe Stalemerf of Financk41 A(iNit*5. ihe Balan￿ Sheet aTrJ noi85 to the finartial $1*rn8nts. IrK￿di￿J a srnry of sgnfficaTrt acuxJnb"rKJ pots￿. The firwial ￿[K)rtIr￿) fraftwork that has been *¥)1￿ In thew preparat￿ $ l•¥ and UNted StaTh)ards IUntsJ lQrydc¥n Gener3My A¢¢￿ted A¢￿Un￿.￿ PraC￿¢e). In our opinion the ffinanoal stat￿ts.. give a true fair wew cl the state of ihe charitable crynpanl5 affwr5 a5 at 31 C*(YTr*)er 2024 and of its inc£ffling resour￿5 aTrJ appliLztyM of resources I￿￿11￿j rts and exFÉndrture. lorthe year then erhjed., have been propety in acu1rda￿e vthh United Kiwkn Generalty Attepted Actounb"rvJ Pr￿ts￿.. and have teen prepared in accorda￿8 with teqywwTwts oftt* CfyYpan*sAd Basis fw opinion We conducted our autht in act(*da￿ ￿1h In¢eMa￿OI SlaTrJards on ALtrJthThJ IUKI (IS45 IUKII zTrJ applicab￿ law. Our responsibiithes vnd¥ thc6e Sta￿ardS are fijrther d8scnbed in Ihe AwJitrKs' re5w￿￿￿"1rtIeS fy the audit of the finaroal statements Sect￿Tr of our report. We a￿ in*t￿lent of Charits￿e 0x￿nY in XCOrdan￿ with t￿ ethical rEquirerr*nts that are rebvant ￿ our audit of the fiTrants￿ 5taknnts in ￿ UK, induding Ihe FRC'5 Ethical Standard. and we have fvIfiIW our other ethical resportsitslit￿s in acced by the Compani85 Act In our ok*nK)n. based on the work uTraertaken in the COU￿ of tIE aud the information given in the Rerrfyt ofthe Tr￿lee$ for ￿ fwrLaal year for Ihe f￿anUal 51aternents we prep*ed consi4lent wlh Ihe finanoal statements.. aTrJ . the Report ofthe Tru¥t¢es ha5 kYep3red in aewdanc87*th aFvkcabk reqLNrernerts. P￿7 Report of the IndepefidqntAwditors to the Membvrn ol Walsingham College Iyorkshire Proporti•sl Linknlwl Matttrn on whkh we are required lo IBport by •x¢eWion In the IvJht of the kntr•Aedge uTrJer5tarxJiw ofthe thantable CLryany aTrJ it5 envnr¥Yent obtsitwl in course of Ihe audrt. we hav8 r¢ot paentsfed material mBstaternents in th8 Repyt oltt* Trtsrees. We ha￿ nothry to in resFed cl the foknn"rvJ matter5 thr* the CoryanÉs Act ra]uire5 U5 to rtpcthl to you rf. in ￿Jr ¢JpinK)n'. tvisiityj by us." or the finanaal Statements are not fft agreementwth the I￿)r￿S ￿ relums: or rtain disdo$u￿ oftrustee5' reM￿r￿rati￿ by are Trjlmade." or we have rK*t retrived all the inf0mat￿n ar¥J explanatk)Ths our a￿st the trustees were not enmed lo tske advantage d Ihe Wl exewbjn frcm the ￿uire￿￿t to wepar8 StratsgK Report or fft p￿parIng the Reportoflhe Tru5tW5. Responsibili￿ of try￿tee9 As explaired more fully in Ihe TrLLStees' llespo1￿1tr1"I1tsS Statement. Ihe tN5te85 (W￿ a￿ also the dwe¢tors ol tha￿ta￿e mpany for the purw5es of cmipany lawl are respons￿￿ for Ihe preparatifm of Ihe financ4al State￿￿nts and lor being sat15fied that tsy gNe a tnJe and lair view, arKI for su(* internal o)ntrol as the tru5tee5 dEterrnine $ rwssary to eTra￿e the aratv)n or rinancial staterr*nts that are fr* frcffi matwial rr¥sstatwrtnL wlkndue to fraLx1 orerror. In preparir#J the finawal statements. the trustees are respOr￿Ible for assesgng tre charrtaÈle companys abilty to conttrive a5 a goiry con￿rn, disdosirvJ. as aOuble. matters rekt&J to cor￿rn and ￿Ing tt* goiw {X)￿rn basis of accounbThJ unless the trus*es th inleThJ b) kn4uwJats the tharilthk corroany LY ￿ ￿0$¢ walw)rts, or ha¥* no realistic alternative but t) do so. l)ur wponsibilities for the audit of the ￿NancI•l slater￿ Our ¢*J"e#Nes are to Lthin reasonable assurance ab¢>Jl whether the finanoal stste￿nts as a Who￿ are free from material sstaternent, whether due to fraLhJ or err¢X, to a Rek￿ of the lfyJeFeThknt A￿art0￿5 that includes our opin￿)n. Rea$￿atrIe assuran￿ 15 3 hEh of assur8r￿. Trjt a waranlee Ihat an a￿￿rt ts)ThJucW in acrudants with ISAS IUKI will a￿ayS (*ted a material misslaiement when f( exists. Mtsstatwnts can artse from fraud or error and are considered material rf. ￿d￿1￿Ul1ty w in ts a9¥eg*e. they ¢>)￿1 t* eX￿￿￿j to Influen￿ thg eCOr￿Nn decisions ol u5ets tsken ￿ Ihe basks of1￿￿ finarKaal ststerr￿ts. Irregulari*es, In￿dir￿j fraud, a￿ insta￿S ol with arby rtyulalxm. desun w￿dureS in kne wth c*Jr reSFX)￿ibllrt￿s, ouuined above, to detect m*erkal ftlsstaiements fft resFÉCtof Irregula￿e5, induding fra￿J. Due to the fielj. in whth tr* Chanty operates. thnlffied mst likely to have 8 dire¢* material Thpad on the finanoal ststernents as wnplIan￿ with a￿oUnting sla￿la￿S. irtknling Charites SORP IFRS 1021 ar￿ ¢harrty law In athyition. we consmlered the provis￿ of olher lkns aTrJ regulaI￿S whiL5t having a direct inpad on th8 financwl stalernents, are fundarnental to the Chanty's at¥lty lo cyerate. 1rKW1r￿ heath and safety. employrrent Kaw. data protecbon and comtyk3nc* with variws regulatKMs relevantto the o)nduct oflh8 Chaitys operatKJrts. Our approach to iLlenbfyiNJ a￿1 assessing ￿ risk of material mtsslal￿t in resFeCt of wregulaiit*s. ir￿lujI)g Iraud and non-com$Yon￿ with la￿ and regu￿1￿5. ir￿urted the loliMrrfJ'. ' Enquirie5 rnanagement arKJ the Tntstees about any or irtst2rtss ￿ rnn-OJrrplk9n￿ with law4 and re9ulations. accAdents in the workpla￿, data potential Irt￿￿1 or dairr¢ amd fraud." ' Reviewing legal anLI professKJnal fees to rnatter5 wheo ts Charity ervJaged Iwers duriry the yg3r,' ' Reviewing financial slalernent dL5¢bsures and testing to suppwtw doDJrwnlation to assess (*ianc• wlh aPF4￿atl8 laws and regulab'ons", . Reviewing board meeting rninutes and any ￿￿vant fXJTe5poTrJen￿ wilh extemal authorths". . Challenging a55ufflpbon$ judgements made by mana3errwt in Ihwr Sgnffj￿nt accountiry estinates," and . Auditsrvj the risk of Managerr￿￿t overrth ￿ wityots. induding thrtwh ie5bry joumal enttie5 and other adsusbmenls for appropriateness and evaluating the busi￿$5 ratronalg of any signrfrant transacts(￿$ oUts￿e the nomal course of busirEs5. Because of the inherent limitabons of an a￿jrt. thwe is a rtsk Ihal we wll detect all I[￿gU58nbes. inclth1ir¥J those leading to a material rnE51aternent in ts finanrA81 Slaterne￿ or nonl• acllvlllo5" .Ch0rfta.bl￿ aGI"vlt 229,707 11.117 .229,707 11.177 241.871 10,895 Totèl 18.790 259.674 270.459 Nol 9a1ns 114,921 108.6gs NeT INCOME4EXPENtmftEI Ttanslers i>etweeft 11Y22QI 1188.1921 f4U51 .96,131 'NctinD¥OJiLli¥t in'lund6 POS.7121 300.874 94.962 11rd,885 RECONCILIATION OF FUP40S 'Toi81 kndsbrgiwi 'jS92063' 3..429;.Q78 IOTAL FiINDS CARREO FOAWAY¢D .181213 .3,439.612. '4V27.825 .Summary In¢•m•gnd ETrenthiurvk¢puni Tolallun"ds" 2024 2023 Gross kntoiiié. L•s< lots10xpLbn￿WI Neij•yndlturEI 239.715 240.884 11.1S91 2¥772 Pag# 10 Walsln9haffi Co*e': .￿OrkshIr*.pIopWtI9•) lj ,88la" nce SIMI ,'31 Pe¢embEr211Z4" 2024 T*n9Vob" èss• 15 16 2,472,287 3,14&025 CURRENT AsseTS .17 1$ 185 O¢blr) "Cash al bank Tri hai 21,020 -1%,013 CiiEDJTORS AThunislalFln0d￿.￿l￿n.C￿￿r 19 123Tr191 128.04F). NEr CURRENT ASSETS 1n,094 .TQTAL 1fy&SETS LESS ¢URFIEiffuABILmES 1627.825 3,627,825 3.È32,86J FVNOS. R8ser4*S 188,213 393.92S Endosvmeni.fundS". j,'13fj,938 To*AL ÈuNts$ 3.627.825 3,532,8G3. sial￿nents lié¥0 pr¢paffO I):X(¥)rd￿ wovtJ(•s:..gp.pNrth lo th¥1ts018. ¢wcpanks 17 April 2025 The ¥￿è Its Lphatrby. Sil il Nl8nlia'_.Trnsteè P47.11 Wèlslngbam ¢d*ge' "IYoi*sN(t P.r*ertlts? UnW•d lor tho'yoy End*d'31 Decéinbor2024 ACCOUNTN& POUCIES Ba$ls of weMrfngthè"flMficl81 stal¢mertS Trg ￿and11 I￿# been wepaTed kn aC￿¥dante 8￿j FI0￿bn9 by Cha￿5." Sloterne ol Re￿rn￿e￿￿ed Pracuce OP￿￿3b￿ Iv Cha￿e¥ "preparry Ihth ata*rts kn actord8rfe wAh thè Finwebl R4porting S￿5j￿r￿ applitèNe kn the U< ond Rew4)¥e of Ir¥*)d IFRS 102. 1 JanLtary 201YI - ICbHAIivs. SORP (FRS 10211. Ino Swhlwd ¢Th Ihe UK arnl RÈAthk¢.of Ir*nd IFRS IQZI 9od Inp fA)i*POrties th121)J6. W8lslrt>**n Colw Lynled n%ets d¢fK4kn of o benrfil JI￿ty FRS I￿£ Assets and labllSile5 .*t lfjP4aly rnGrgw'l 81 oisl w k3ThS4Gts￿ 1)th¢￿$¢ SWLed In Ih Comii•nyststUS ThE Cha'ray Is a cwpany by *"r¥s, "o*lw•d in Eri*" rKI Wth&. SPores we Iwd by W818lwh*' Colw T¢UsiAs￿￿on Llli%t&* Golng ¢on¢e Th'e irusreÈs have ccrtsidÉred Ihe r•s*k￿.￿l tho ol $1fv9 th8 finantial slalefi*nls #tstt'h8¥e 8190 nsTd9fgd Iht ¢Ltyrenl fnand6151rtrwJlh of tl¥J th￿Ilty.￿a$￿y 00"1F45. ￿ tr￿￿5 h4¥e thal.they have leas￿3b￿ exp￿￿ri￿n I1￿ thaT*y have ad2waie roswrcas'lts ¢Orthwe tn Vfatrmal lor the (oreseeable a( Irom lh8 dae d ￿TlIng th89e fTharKial ststernon¢% Ihey .IhwrfL All Ls ¢ecosthd M¢* ts Chofiy has f rdilenwl 4p il b WDb3blè Ihai lrtty)w *ll bg. f¢C￿e￿ anEI the ¥rMJmt of bo ff,•asw¥d r•%*ty. fraw OjnFJIBin5 and grnrf% Irsccffi91s . Nthen dtn(#s ifflwse bq futhd bth the beoynÈs Io u50 knwin•. yjtt kdafarrÈd and r¢oi h*Lrtd In reswrceg.wlq IhB"wertKdhiJ'nJ farus teert i￿L . dor￿￿'sPe¢lty w donBgws IrKtLKJtyig 9rw)ts. lor roskid￿ pwptsst5. do arnowl VJ pffj pxthiwo. fe9wth9 ltrl¥ Is bnGL¥NWJ rgswrca? of come Ir￿rt wl515 kn? has rnE4 th¥ has bec¥inie pnlll80 lo thÈ tQSOLf trK¢me sle ￿ FI￿ts N•ms ty V¥J 19wity (DT s* lft tke k￿luded 45 fvierffjw Irwi ol coVAge5 aFtd ol Il* Is It ￿.(￿Ved értd l& ExpondNurè Expen￿lIl￿e Is ntO9iM8*d on¢* If*re is g W or ot4oth to tr3nsft¥ txnEll 1¢ a fftlrd paty. li is tr￿1. a Iransfer ol econuwd¢ t￿¢￿$ wll in $ètt18]Iienl ond Ihe"""arn¢iLni of th8 (4Jl9ptiM can. be m9aSw￿ T(W. EXP￿th.b￿e 4$ ¢wfieO by ac•v#y. ￿$1$ ol exh admty arB mèJ2 w) or e ol dir￿¢ rn5ts orxl sharwy o)515. SUFVL4.l.LJJSlS ithrJ4%d h? urxlerf8kkng 83ch a¢tsvKy. Dir￿1 op915 allnbbfaw 10 e SI￿¢ ￿￿VIty are alFx4ed ¢frEslty. 10 tl%41 ¥cknty. Stborod L*5L% whth cthtribuie mora ihan 4)n acli¥ily and suwxJrfs"th5ts arè not al1rf￿labk to a Xts%fly.¥¢ bolwcan ￿)$* Ectmuts on a tsas"$ wnslsi•rn ol Cthtral 5EaW"c0515 aje *hxal¥d on IhB ba$1$ of ontl Funth*ing. ¢c¢ts #re &ee*ity &xI oo rxy o)&ts ol I￿r￿trI￿ra0 In support d Ihe thar*ablÈ ¥tiwtw tXb51s are th0"5e Iii w)ètUcrf) P*uè 12 Walsilwham Col*¢ (Yo.￿h￿• Pyopeths) Lfmlltd Nolests Ihe FI￿an¢1a7 31atemqnts.. ¢9nUnuod. lorthe Yèar Eo4*d 31 Oecefflbe'r 2024 ACCOUMTING POUCIÉS.c0nilnu￿. Exp¢ntitu Ih41 ￿59 lu￿￿, T￿gIble Il¥•d a¥gols•nd dryrfflalÉ¢>n Al05wtscLi%ltng morethan t5￿> arneAF4aked. A lar Impafvenl d 8 fved-o5s¢1 t)th Nwerts tir In ck-omsIan￿ the" carrylnè val.1￿ DI any fixed Tt)al be ￿￿ble. Smtws DI Ilwd 85$ots thqtr" re(o¥8rdtrAè amounts 4r¢.reCOw￿d os tsryawrpents." Impawnth Jts55è9 kn Ihe Sl*effenl of. Flftacml A¢U¥llles In¢wwaUr8 Expfjrxtlui4 Ac￿L T8wblè fixed'3ssets 8tE car￿d al"rThl. n"* of •NI *ry I￿￿￿rI￿1. Drtw8clatlon 15 wl rates ¢akulated lo wit8 off fv t¢st of ffixod w61* knss the*- rey£hJa vaKE.. cw the ..饥ectyd I￿al￿1 lfvÈs orh Ihe lo1￿￿￿ basès. PleitBnd inithinery Fits￿ rrtt￿ 5% kne deprEdatknn hos t*èn thargBd an fandar*J asll iwsan IWe. Stocks Irth•st Mcefvablo Ihts Ss olthtr frlweslpakl w P￿lIè by Ihe BHn Dobto and 4J*ar ttel*￿S we re¢tyJnised ai tr* ¥IlleD￿l after any lTrde I**AwI offth¢d. fvejwffenls aTa .Cash ai Ban* 3Dd In hand .monfhs OF l*ss"IrDm the" dala 0f¥cqiiwt*>ra.￿(wry rrfU* ￿C4￿1. Ll&bthknes *8 rem￿￿$￿¢( %then Ihere 15" an thailffj. ai &larice' dato a8 a WE5yN ol a pa51 èvènt. 11 l&" p(c*abb Ih4t.a tspnsfw-cl ecOr￿￿C ber*S1 thl ￿ ré0￿(a0 lrt sttllèA)9nL ar￿ amMI of 5ett19menl.tron t¥lkna*d rEIL41ty. Uatklllifjs •r• tacr*Jthd a kne amwil thal kne Cbanty ￿k1pa*S Ilwl pai io Ihe da￿ IhB amoJNI 11 has re¢eW as.aii¥hra pay(rnrts or 11 ff¥Jsl prDvbJB.P.iO¥i%h)ns a.re mods￿￿￿ al"Itw beA e￿￿1￿￿te reqiitred fo"SeU*lhe ¢￿tK)r& Ihfftora the'otseu of IFY volue Irririey ts malerial, Ibe.pKMsth Is t47sed Ihe we5￿. I ol 8mounts. &swnW al Ihè kYè-L?J d*s¢otsnl rai* Ih81 ￿￿e￿I5. Ihè t*hs:sg8glk 19 W*fjly. Tha of.the 45 v4AhEn.k)leFeg1 pay•Wa. tnv•sthigDIS. Irwastmerts bro.* lori* rA fmarwi81 ¥re retw7k%ed al Iraft5a¢lhty) and wbsequ¢nty msised. 81 latr Yakre a5 baLwKé 61fft"I ￿9.￿45%￿J woied mawkè¢ The ""SwK4ineni of Finarod Acws ItfLWDe aNI"bwKMlure not 9aln$ losse5 •rWng on reVtha1￿ ?nJ F.1Th￿claI Inlnur￿n16 PAge13 W*"109ham cdkaè '1Y0￿ShIr•I￿Utk5l Umlt•d .N•lw to the FlnuncwlSiaterNnis-eortir*d forth• YBar End&d $1 D•t•mb8t 2024 A¢COUNnNG POUCIES- corttlnued £¥¢ew tsr [nws￿wLS." kn.fiJweb￿.a$s8ts wd kncl4 ol o kirwj al I￿5 rinari<Èd frn5truments. "Bas￿ fvrtk*i In*ry*ii￿￿ 8ia w&liaty rawised ot tyariEar*on v¥uo. ar￿ *b$g.¢iugni 'Tnta5ur¢(l ai fv.ir xtWn¢nl.¥afw &cepikrf¥ uf bar41 s￿￿¢h. ar¢ sub5ewdy A￿￿￿ed w amortis*1 COSI ￿fi0 theeffBctsvplrthrest rriUJL* FundA¢¢"vunllng Endo•sm8nl Fuith rémert l1yj5e.8￿ts *i*h mitst bè P*kl ty.ts c*Niiy. In it¥￿t.0f Ihe irnfegnwnL8 ihesg are tr*n09ed 40 Il¥ Tnthes hosknnf. Poky. Yts IwT* Irdm Ihè Resirtded fuods arè aro ty bo spe0* ty$ 4knvtS Dr *rtdth hayè been Tr15￿1 by Ihe Charly p8rtbJl¥ Tr¢ c*.ol aN1.wJmkn￿tWkng arg ¢har¢iod il)2'.SFwuk iLty¥J. Tho oteoth rt5W*yed'knnd is lèi kn kne ntst8s kn the finartd81 6taternen P￿&1p .pwiablo bythe Charty lo the in *SPttI Crfll¢al •¢¢￿nI￿V •stlm¥t•s ¥nd'amas ¢51ludwnB E*nytes and e￿ c￿l&lL￿1fy wehraied aod we based on h15t01￿* oltssf lats, alail&b? Ihal we bekoved urder thedrthmslarte 'a5SiJmMir*s. WHI. by d￿knif100. egUo1 tho fekt8d a¢lLO1 re￿. Tho vljFnaiE5 0ThJ assump.bons Ihal hav8 swJniffcanl Ikyk of io th8 cl aSael$ ￿ I[W￿l]eS ihg rp%t 5¥ful of lung￿10 asSètS depfEEiD1PL￿ h)r'l*W" .wets Is""sehsknè.lo Ihe Usel￿ er<￿iT￿ valu• ol ￿8?1$. Tr059 gri)rAJwiE ?nd te￿￿￿atr vakA* ￿ r>￿Sessed ￿TrUal¥. They art arnen(tod whep ne¢eÈs*y 10 ￿￿ettE 8iiniates. oil arty￿￿1￿1 1nVtstynr￿1 . uiltralitin and Ihe phfJic81 of ￿ as¥el. SeE" I￿le 15 for the oflare￿¢ Ilxqd and Iho L￿lfil aa]nonu¢ fr.'ES.olÈarb¥Jass"olassei DONATIONSAND LEGAC*$ 2024. Tolol 2023 Toial ids 14051 t6,694 10,OLXI 11051 16,894 Pago 14 Walshv4.harn.¢olté#" (y￿kshirt Prtyerfl¢yl Llfflk¢d 11gle8 to iho Fln*n£ial Sial0"Rio"ntr-coniln￿d forthe Year Endod 31 Dqufflb8r X+*4 .OTUÉR TRA￿ AcY1b￿r[ES 2023 Toial "iw.d lyftds FLKbL*a15kng.frKgrnii 4,541 4.S41 INVESThENTIN¢OIiE 2024.. TOW lurtfls 20.23 Tol* .tun¢s L*kfe5tsi¢ied nds 114.431" 114438 121,47e INCOIIE FROMCHARifABLE.ACTlVtIE$" 2024 '20fJ 218 w￿j￿r 67.020 31.470 30.15Q 98,490" 89.fj54 OYHER INCOME OlktBf 4!crrfnè o! FS..552 12023.. £8.767Ymr¥th*. &)ss d&posal ¢%ftxvl45$91s Énl'.12023: 1055 orts48)and Sti71￿￿00.its OFtI"i52.12fft3...￿.315I. INVEStIAEpif IAAPIAGtAIEKf COSTS. .¥J24 2tr23 Iitnd PcdI￿O 16,19Q CMARITAOLE ArfbvmES.COSfS Coslsjse•" note>l rw15 Ise• Tdal$ Ctiprflablp acS¥i¥es"' .GovernarKo.¢osw. "229,.7fj7 '.229.707 f1.1n 11,17Y 11.177 240.884 Pap 15 .IVal6lngbarn ¢.oll+9•" (Yovkslilre'Prop•ii•>l UirAt•il "'Note"s to thE":Flnan￿aJ Ststhni¥•its".' ￿nI￿1*0.. ,'for' the.year Endotj 31 DaGvTTkbtrf~2tr24 ,.DiRÉCTC05iS. OF CHARff.AatÉ:AThfE& 2024 ..Siall costs .Raw and l¢i5uw¢e 5tY 'Posl•39 wi(I,Aloiwe "3.0Skl ' Bilskness rnl*S and courKII lax ).A25 1.998 .Books #rid TrncSDr iud ard.wNbynw Cxlitir Pri4trx> hind ￿- ?5 SUPPORT COSfS '.Giiv•rn•n¢p60•ts 2024 7.657 EcouniarKy anii logal ts*s.' P*"16" WalSlTrJham ¢011 rkshlrt Pfopefiiesl Llml• Notos toth*'FkianclaS St*em¢fjls..Mnthiued .'fr¥rthé Yiior bided 31 December2fy24 .11. .N¥f INCOMWIEXP.ENDmJRÉ) 2024 20rJ 7.375.. 5.738 Detye¢laiierfi: owfié¢ta55eis (YeficilQD'thspos*01 Rxed ass•iÉ PenstOf* costs .5.74 TIQUSYEES. REMUNERAT1014 AND 8ÉNEFffS T￿t*•$'•xp•ns*s Th?Tè tn1¥￿5, .expwffAs..".p"S* kni the yw cits1 31 DEceTr*et 2024 the .￿ W•Jed 31 Decerter 2023. 13. STAFF C.OSTS 2021 2023 Wagea 8t0 sJtsriÈs S¢¢lal 50umtye!JslS co3ls 5.938 5.744 105,459 2024 benefits.oTlhe key pwr5￿ d Ihg ¥Mrkyiw¢o£34A4 120.23.. £33'."8421, C<)MPARATIVES FOR TtrtE STATEMENT OF FINANCFAL Acyiyr To INCO* ANO ENDOWIAWS FRO .Ctynq￿E1S anol1Ègao85 40ml 40".092 Cb#r!tabTo actNrfi06 baritebb xbvitses 0￿er iiadth9 acltyir "V¢YThènL 4.857 125.478 8.767. 121."478 Total 2S4,64B EXPEP4DITUAEON RalslnB funds" .W41l￿ftgh4￿¢¢IIeg• (YO￿$hIle Prop¢niesl LiTr¥l• NotÈ5'to Iht FltF**lal Stsiem￿ls. Gonllnwts (Or thtryèar EFthd 31 D4¢¢b￿be.1.2?24 14. ¢OMPARATWES R)RnÉsfATEMENf¢F FN4NCIAL AcnvmES. 11.;687. 17.687 17,687 241A7T 241.8n .G¢￿•￿anc• f45¢$ Totsl 1.7,667 270.459 108.696 1.28..1241 167,252) "Tr•n$fqr5'1Jet4¥eon PS.376) 198,.261 "PE¢QNCILIATIQN"OF FUNDS T￿ l￿d$ lJrDuohl 2.910.G77 '3.429,&78 TOTAL FUNDS CAlthj￿.FQRy4AAD .3a3.9 '3.13& . 3.Xl2,.863 1$. TANGIBLE.FIXEOASSErs' Mlures COST Ai l Jan￿Y a024 589.943 4T,895. 129,751 17.6qO 767.596 19,548 Al 31 Dtr£mbera)24 .591,911 •T,395 147368 ?f,144 DFPRECIATION Ai 1 Jwuary.2024 .ChJYy. fory¥F 47.895 .91.858 Al 31 DeEerrthr2024 47,695 . 57.fl7.4 105,769 .NEfBOOK VALUE Al 31 tioeorrtJ9r2024 Ai31 D•"c6itar2023.. .591.981 e9.3Y 681,375 589,943 . 65".795 675,138 Paa• 16 'W41sln"Aham"C¢+W*.. (YiirknKlwt"Piopeths> UmR•d 'Noto3 lothe Fltk*iclal Sialém¢nts.:forrtlnii•d"" 4w.tlio Ye¥ Endèd 31,Oec"*ink*r.2Q24 Listed "MARK￿"vALlE. .Ai 1 !anw2 Additions .1.472,287: 865,65S .1674,6581 120.072 31 0ocwTrby.202a .'2"774.356 .NEf 800K VALUE. Ai 31 Oecembw .Al 31 O.eG*niei 20Z3 "2,472,287 .iY. 2024 .18. DE8TORS: AMOUNfs F*LLING DUE bWIIiIIN (iNE.YFAR 2024 SJ2) 370 soo PrepoyThor1ls'anJ'¥au￿ Irttt 'VAT .21.02D 3¢A66 19. .¢REOIY(IRS": AiIOi#I¥S FALLWIG"DUEwfTriwio.NÈ..YEAR. 2024 Z3 TFa¢• .StcJal 5pCIErty.antl.(itF￿l,I&lèS 5.62$ 19,S26 IYoYkshlre Pfop¢rIl￿j Uw4*•d Note*to th¢ F￿¥￿1¥1 StAtwnents"" contlw¢ for thEY&ar Ended 31 oB¢¢m￿r 2024 20. ANALYSIS'OF NEfAWS OEYWEEM FIINDS 2024 Toial 23 18,119 665256 ITI4356 081.375 2,774.356 196.Q1J 123.9191 615.738 1472287 4ZO.8B4 136.0461 In¥estmis 123.Mg) 1K213 3,439.612 1627.825 9.592.863 AT￿ly*r¥ ofnet assets be￿ wknrye* Unr¢sWd￿ El￿)￿rr￿1 thJTrJs 2023 Toi FTrAed ass Inve51m6niS Cumentasséls ¢knnl liotyll 9,087 666.651 2,472.Z67 515.738 2471,287 420.W (36.0461 136.0461 393.9Z5 3.138,930 3.532,863 MOVEMENT114 FUNDS Trar￿lIS Ai 1.124 31.1124 Unre5trlGted fvn 1173201 11144921 1502QB 1172201 048,4921 18ts13 Rgstrlct•d flind• Reslrfcted 116.0511 Endowmtnllund$ EtwJTh¥4llenl 3.130.930 9&131 3.439.112 TOTAC FUNDS 1532.863 94￿62 3ffi27.825 d.. Vlalsb￿.h0th Collag•." IYork>hlTv.Pmponi•$l ihriiled otesto Ilie Flnéft¢latst4leM*nts'* ¢onlJnts•d". .lorthv Y8ar.£nd•d 31 D¢rAn**r2924 21. 'MovÈhiÈNfw FUNfis.¢onbnuEd inL4ided kn th8 #bo¥e¥tras.ith&' UnTIiGtrltt1 YarAL FUNDS ' 2J9,715 .￿59 6741 14,921 94962 "Cothpafkii¥4sfor rnAv•n*nith fiiiidg Tvdrtstets. Al 7.123 31.1223 ijrtreslilctedlun Rè5'eryas, Shar•'cap 124124 1672S21 489J 128.1241 1672521 393,925 Endowment lundts EodowThonl luTr1s TOTALFUNDS. 3.429.97 ID2 $,S32,863 Mowor4AI In {￿J$ untestrlcledlun.ds A￿r￿￿ 128,1241 ErylThynenl {.17.687} TOTAL FUI40S 1270..459 102.885 'IY¢rkshlre Propwlwl Not¢g'tO Ihé.FIn￿FalStaI¢rn•￿ts-c0nui￿• lorih• £rtded Jl D¥¢6m￿r 2024 .21. MOVÉMEMf IN FUNDs.¢OTrtkn￿gII Tr*751qrs. At1.123 31.1224 489296 188208 s￿re ￿￿1￿1 4tr3.301 145.3441 188213 16.051 116.051) 154D,6n 271.795 3,439,812 TOTAL FUNDY 3.429.978 197.PM7 3.Ek7,B25 A yezr 12 12 r*1 Ip lh¢ at*)w arg >5 In lufyts tsftr*strld¢d Iw 44&312 {4YJNfjI 145.W) Xo"5tr1Et¥d Iwid¥ Res1￿￿•0 14051 En"downitnlfviids 40,01)) IX4771 223.611 227.140 TOTAL FLINDS I￿.133> 797047 Thfj endtswnwJi the hwc cc*t of ryopwty.al Par¢e¥al Haj plw I1¢"'subw￿l eapi1g1 Yhè ov0￿1 bab￿6 01 £1152T7 trw5fenEd tem 10 4* erydow¢rt lund re￿*sents Iha expéndlufe QI) ihe"effl￿#ed iiroporfi•s atsj w¥•sii%(Èd idnvoyierl wto all rrf ich •re fE*rthd capi*laoSets. f￿1￿¥9d... IV¥lslngham Cg11•9•' (Yort6hlwg P14)p•fii¢$l Llmi1•41. .Nolts lti th.è Flnancial Slat•m*nts ¢(•fitlnu lortheyear Ended 31 2024 ..EhPio￿E BEI4EFf OWGA?I(JNS Ibose ol Iho tlv.rfty In "an iNlépw¥kn",•y, aiknknsièrod l￿d. .Tha p*thi co* thar98 contrfbiilhin&. 'payabk ty ihè th"￿￿ 16 ￿ fil￿ &id wwJfiled lo £5,93812023: £6,744 Ap￿AL COAIMITA￿TS REiAreo PARPI IXSCLOSURES 2& .￿TImATE ¢ONTh(￿L￿ PARfY. 1xm￿.￿¥ k'"¥thdly tyYrty"I by.WÈishtyPo"m Colege Trwl'"A5sodakn" regst8r8rt Gl4rily numl*i .215e6). rrtE regthtyed uryaThy iith*J8r OIY318W. ThE'&wty exists. lo 8valBbl$. Ihe.Shrbie of OL¢r Lady W,thingham, a.plac8 of ￿.12rf￿a￿e. .Th0'¢M￿lrfalpy (an be f*J knlih ikÈ Re9.Atr¥ tl Ctyw4es 81 H￿¥e. Croth Way. Callfjif,'CF14 3UZ. SHARE CAP￿AL 2Q23 Iitetj, tslkn" up pa 20 of25p opE￿￿11G LEASE co1￿lITME￿rs AI 31"P9Egrt>or 2024 Lhe'lDbl of. I￿￿[* *ase paw7￿% r￿r￿￿L*￿1%è. toUr*J leases4￿5:. AmDurt re￿1¥11￿• 23,911 elwètn 13rnl Sjtars. "9,648 Totst 35.621 35,778 # **Walsingham College (Yorkshire Properties) Limited** Audit Findings Report For the year ended 31 December 2024 ## **Executive summary** **Walsingham College (Yorkshire Properties) Limited** The Shrine Office Walsingham Norfolk NR22 6EE Dear Trustees ## **Audit Findings Report for Walsingham College (Yorkshire Properties) Limited for the year ended 31 December 2024** We were engaged to undertake the statutory audit of Walsingham College (Yorkshire Properties) Limited as formally agreed in our engagement letter dated 20 February 2023, for which we have carried out our work in accordance with the requirements of International Standards on Auditing (UK) (ISA’s (UK)). The purpose of our audit is to obtain sufficient appropriate audit evidence in order to express our opinion as to whether the financial statements: - Give a true and fair view of the state of the Charity’s affairs as at 31 December 2024 and of the Charity’s surplus for the year then ended - Have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice - Have been prepared in accordance with the requirements of the Companies Act 2006. We are also required to read the Trustees’ Report and any other information that will be included within the financial statements to ensure they are consistent with the financial statements and that they have been prepared in accordance with applicable requirements. 2 ## **(continued) Executive summary** As required by ISA (UK) 260, the purpose of this report is to communicate our audit findings and record the discussions held with Matthew Cornish and Ian Austin on 11 April 2025. The report also describes any recommendations for improvement or deficiencies identified in internal controls, along with a summary of relevant regulatory matters applicable to the Charity. We would like to place our thanks on record for the support and hard work from you and your staff during the audit, in particular Matthew Cornish, Steph Cat and Ian Austin. This report is provided on the basis that it is for your information only, and that it will not be quoted from or referred to, in whole or in part, for any other purpose without our prior written consent. No responsibility is assumed by us to any other person who may choose to rely on it for his or her own purposes. **Julie Grimmer** Senior statutory auditor For and on behalf of Larking Gowen LLP 3 ## **Audit finalisation procedures** ## **Audit opinion** We are pleased to report that based on our conclusions to date we have not made any modifications to our audit report and we will be issuing a clean, unqualified, report. As you will appreciate, our responsibilities extend up to the date on which the audit report is signed. If our opinion changes, we will contact you. The wording of our draft audit report is included within the draft financial statements that have been forwarded to you. ## **Results reconciliation** ## **Letter of representation** We attach in Appendix A a draft of the management representation letter. We will ask the Trustees to approve this at the same time as they approve the financial statements. ## **Review of audit independence** During the audit process no adjustments were made from the result initially provided for audit. There are no changes to our assessment of potential ethical threats and audit independence to bring to your attention. ## **Key audit findings** Our key audit findings are detailed within this report. These have been discussed with you, and the notes of these discussions and conclusions reached are included within the final report. ## **Areas of potential adjustment** Auditing standards require that, where we identify any potential adjustments to the financial statements that we judge to be non-trivial, we must discuss these with you and ask you to correct any identified as misstatements. We have no potential adjustments to report. 4 ## **Audit approach and significant findings** |**Risk and implication**|**Auditor commentary**|**Meeting discussion and conclusion**| |---|---|---| |**1.1 Revenue recognition**
Under ISA 240 there is a presumed significant
risk of fraud in revenue recognition. The risk is
that the Charity will record income to which it is
not entitled, omit valid income, recognise
income prematurely or inappropriately defer it.|To address the risk, we have:
•
Reviewed the revenue recognition policies to ensure they remain consistent with the stated
accounting policy and the Charities SORP (FRS 102);
•
Specifically tested the significant donations in the year to supporting documentation;
•
Performed tests to confirm the accuracy of the cut-off of income at the year end; and
•
Tested the completeness of income received during the year through detailed tests on the
accounting records and source documents.
There are two matters we would like to confirm regards the donations received in the period:
1.
Whether this should be presented as restricted income rather than endowment; and
2.
Whether any gift aid is recoverable on amount received from an individual.
We have also raised an observation on the possibility of claiming gift aid on garden entrance
fees – see page 8 of this document.
**Subject to these points, we identified no matters that require reporting, and are satisfied**
**that income is not materially misstated.**|Agreed the donations are restricted for the greenhouse
project. The draft accounts were updated to allocate to
the restricted rather than endowment fund.
Confirmed no active plan to claim gift aid on the
donation, and as such agreed not appropriate to
recognise in the accounts. For charity to consider
whether to explore this possibility.| |**1.2 Management override of controls and**
**journals**
Under ISA 240 there is a presumed significant
risk of management override of control. The
risk is that internal controls will be overridden
by management in order to produce more
favourable results or to divert funds.
Journals are a key risk area in almost all audits
due to their ability to influence almost every
part of the accounting system.|To address the risk, we have:
•
reviewed the whole population of journal entries and other adjustments in the accounting
system to identify higher risk transactions. These were then reviewed further to confirm they
were appropriate; and
•
tested accounting estimates and reviewed the business rationale for any transactions that
appeared to be unusual.
**_No instances of fraud or management override were identified._**|Noted, no mattes requiring further discussion.| 5 ## **(continued) Audit approach and significant findings** |**Risk and implication**|**Auditor commentary**|**Meeting discussion and conclusion**| |---|---|---| |**1.3 Investments existence and valuation**
The Charity has significant investments held at
valuation. This is assessed as a risk due to the
level of investments held.|To address the risk, we have:
•
Confirmed the closing value of investments to reports obtained directly from the independent
investment manager, and further tested a sample of securities by agreeing the values to
published data; and
•
Completed analytical review on movements in the investment valuations.
**_We identified no matters that require reporting._**|Noted, no mattes requiring further discussion.| |**1.4 Reserves**|We would like to discuss with you the reserves position and treatment, specifically the split of
fixed assets between funds. In the prior year, the Greenhouse was treated as an endowed
asset. In these draft accounts it is treated as an unrestricted asset.|Confirmed the Greenhouse is integral to the estate and
therefore should be considered endowed property,
which is how it was presented in the prior year
Accounts updated to reflect this (only as asset
allocation point) it doesn’t impact carrying value or in
year surplus.| |**1.5 Operations update**|Before concluding the audit, we would like to discuss with you:
•
Update on lease agreement
•
Latest operating results and management accounts
•
Post year end minutes
•
Any significant post year end issues
•
Any significant incidents considered for reporting to the Charity Commission or other
regulator, and other communications with your regulators
•
Issues giving rise to contingent liabilities/asset impairment concerns|Signing of Diocese lease hopefully imminent, and will
be dated to commence 1 May 2025.
Confirmed no matters impacting on audit or the
financial statements.| 6 ## **Internal control observations** We highlight below observations and recommendations identified in our audit relating to your systems, internal controls, accounting practices and governance. The primary purpose of our audit is to express an opinion on the financial statements and that examination is carried out on a test basis and should not be relied upon to detect errors or irregularities which are not material to those statements. Auditing standards require us to notify you of any significant matters that require your attention. Significant deficiency - matter requiring your urgent attention Deficiency - matter requiring your prompt attention Minor control deficiencies and recommended enhancements in control efficiency 7 ## **Internal control observations (continued)** |**Observation and assessment**|**Implications and recommendation**|**Management’s response**| |---|---|---| |**Gift Aid on donations that attract a right of**
**free admission to charity property**|So long as certain conditions are met, it is possible to structure admission fees to view charity
property as a donation, meaning that gift aid can be claimed. This includes meeting either of the
following conditions:
•
a donation is made and in return the charity grants a right of admission to the donor, or the
donor and their family, for a period of at least a year, at the same times at which the
general public can obtain admission; and
•
a donation is made of at least 10% more than the cost of admission to the general public
and in return the charity grants an equivalent right of admission to the donor, or the donor
and their family.
It may be possible that the entrance fees for the gardens could meet this. We recommend this is
consider further.|Agreed that LG would provide further high-level
information so this can be considered further.| 8 ## **Other information** ## **Investment Policy** CCEW has issued revised guidance on Investments following a recent consultation, bringing it up to date and ensuring that it reflects recent legal developments such as the recent High Court judgement in the Butler-Sloss case. This guidance is set out in CC14 Investing charity money: guidance for trustees. The key theme of the guidance is the need for trustees to adopt a responsible investment strategy, acknowledging that trustees have discretion to choose what is best in their circumstances and that they have a range of investment options available. Maximising investment return remains something for trustees to aim for, but not at the expense of compromising the charity’s purposes as ultimately the need to further those purposes should underpin all of the charity’s decision making. To assist trustees the guidance provides examples of issues for trustees to consider when setting an investment policy, such as the potential for an investment to conflict with the purposes of the charity, or the reputational risk of an investment decision. In doing so it warns trustees from allowing personal motives, opinions or interests to affect the decisions they make. The guidance also makes clear what actions trustees must take in order to be compliant with the law, such as when independent advice should be taken, and what is recommended best practice. The updated guidance also includes advice on the use of social investments that are used to achieve the charity’s purposes directly through the investment as well as making a financial return, and the different considerations that would apply. Trustees of charities that make investments of any kind should familiarise themselves with this updated guidance and ensure that through its use they are able to justify that the investment decisions they make are in their charity’s best interests. Guidance: https://bit.ly/3ZuUEQC 9 ## **Other information** ## **Complexities of Accepting Donations: Insights for Charity Trustees** Imagine your charity, dedicated to environmental conservation, receives a substantial donation from a corporation. Later, you discover this corporation has been involved in environmental violations. This gives you a dilemma: should the donation be retained to fund the charity’s environmental projects, or returned? This is an example of the nuanced decisions charities regularly face when receiving donations. Charity Commission published guidance on March 4 2024: Accepting, refusing and returning donations to your charity, being their new roadmap for trustees navigating these complexities. Importantly, it underscores the principle that the starting point for charities should generally be to accept donations to support their purposes; but there are instances where charities must refuse or return a donation, and other circumstances where charity trustees can decide that it is in their charity’s best interests to do this. ## **When You Must Return or Refuse Donations** Sometimes this choice is clear – for example trustees must always refuse any donation that has come from illegal sources such as terrorist or other criminal activity. Additionally, if a donation is offered by someone lacking the capacity to make that decision or if the donation itself cannot legally be transferred to the charity, trustees must refuse or return such contributions. ## **Complex Decisions** Beyond clear-cut legal obligations to refuse or return, trustees often encounter scenarios that are fraught and finely balanced. For instance, donations might raise significant reputational issues, might not directly align with a charity's purposes, potentially risk legal claims, or impose conditions that could compromise the charity's independence. These situations require a considered approach, assessing the potential benefits against ethical, legal, and reputational risks. Finances are of course relevant, particularly in a decision to return a donation that has already been received, as the charity may have spent it or budgeted to spend it. Trustees should therefore also consider the length of time since receipt, impact on the charity’s activities and whether the charity can afford to repay. ## **Legal Considerations and Trustee Duties** Trustees must ensure any decision to refuse or return a donation aligns with their legal powers, duties, and the charity's governing documents. Charities usually have a general power under the law to refuse a donation, but the governing document should be checked as there may be provisions that affect this. A charity’s governing document will usually include provisions that allow it to return a donation, but, again, trustees must check that this is the case before deciding to do so. ## **Anonymous donations** Some donors want to remain anonymous, and a charity can accept anonymous donations. However, trustees should look out for any suspicious circumstances and put safeguards in place that they consider adequate. If a charity operates abroad, check if accepting anonymous donations may not comply with local law or local tax regulations. Trustees should report a serious incident to the Commission if you receive an anonymous donation of £25,000 or more. Rather than moving straight to a refuse/return decision, trustees are advised to engage in dialogue with donors, where possible, to change the terms of the donation so it can be accepted or kept. 10 ## **Other information** ## **Complexities of Accepting Donations: Insights for Charity Trustees (continued)** ## **Ringfencing** In practice, if trustees do not consider that they have sufficient information or evidence to make a proper decision on accepting a donation, they could can ringfence the funds while further information is gathered. ## **Policies and Keeping Records** To set up a charity to meet these challenges, a policy for accepting, refusing, and returning donations provides a structured framework for decision-making. The policy should help with consistency, transparency, and alignment with mission and legal obligations. As with other significant decisions, keeping records of decisions on accepting or refusing difficult grants, including the considerations behind the decisions, is essential and will make trustees well placed should criticism arise. ## **Final Thoughts** The key trustee duties are to make reasonable decisions about what is in the best interests of the charity to further its purposes, but not allow personal motives, opinions, or interests to affect their decision. There may be no right or wrong answer, but the trustees’ decision is required to be rational and reasonable, and supported by clear evidence. Awareness of Charity Commission's guidance should give charities the confidence to accept donations where it is in the best interests of their charity to do so. 11 ## **Other information** ## **Diagnostic tools for charities** Healthcheck for charities diagnostic: This gives you a chance for you to "hit the pause button" for your organisation. Take some time out to refocus on what matters for your charity and critically assess what's working, what's not working, and what needs to change. This diagnostic is normally the first step in a wider review of how successful your charity is in creating impact. It is also a great way to kick-start your thinking and provide focus and clarity on where to prioritise your efforts. Charity governance diagnostic: Good governance in charities is fundamental to success. A charity is best placed to achieve its ambitions and aims if it has effective governance and leadership structures. Both tools can be accessed on the Larking Gowen website and start with a questionnaire that should take you around 5 minutes to complete. It will identify 3 key areas that are working well and 3 areas that you may need to work on to improve your charity. You will also see how you compare to global benchmarks for each of 7 principles reviewed. **----- Start of picture text -----**
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12 **PLEASE COPY OR PRINT THIS LETTER ONTO YOUR HEADED PAPER BEFORE SIGNING** ## **Walsingham College (Yorkshire Properties) Limited The Shrine Office Walsingham Norfolk NR22 6EE** Larking Gowen LLP 1[st] Floor Prospect House Rouen Road Norwich NR1 1RE Dear Larking Gowen ## **Walsingham College (Yorkshire Properties) Limited – Year ended 31/12/2024** We confirm to the best of our knowledge and belief that the following representations are made on the basis of enquiries of management and staff with relevant knowledge and experience (and, where appropriate, of inspection of supporting documentation) sufficient to satisfy ourselves that we can properly make each of the following representations to you. ## 1. **Trustees' Responsibilities** We accept the statement of trustees' responsibilities as disclosed in the Trustees' report. ## 2. **Internal Control and Fraud** We acknowledge our responsibility for the design, implementation and maintenance of internal control systems to prevent and detect fraud and error. We have disclosed to you the results of our risk assessment that the financial statements may be misstated as a result of fraud. We have disclosed to you all instances of known or suspected fraud affecting the entity involving management, employees who have a significant role in internal control or others that could have a material effect on the financial statements. We have also disclosed to you all information in relation to allegations of fraud or suspected fraud affecting the entity’s financial statements communicated by current or former employees, analysts, regulators or others. ## 3. ## **Preparation of the Financial Statements** We have fulfilled our responsibilities as trustees, as set out in the terms of your engagement letter dated 20[th] February 2023 under the Charities Act 2011 for the financial statements which give a true and fair view and for making accurate representations to you. All the accounting records have been made available to you for the purpose of your audit and all the transactions undertaken by the charity have been properly reflected and recorded in the accounting records. All other records and related information, including minutes of all management and trustees' meetings, have been made available to you. All known assets and liabilities (including, in particular, contingent liabilities) as at the balance sheet date have been taken into account or referred to in the financial statements. In particular: - a) The charity has satisfactory title to all assets and there are no liens or encumbrances on the charity’s assets, except for those that are disclosed in the notes to the financial statements. - b) We have recorded or disclosed, as appropriate, all liabilities, both actual and contingent, and have disclosed in the notes to the financial statements all guarantees that we have given to third parties. - c) We have no plans or intentions that may materially alter the carrying value and, where relevant, the fair value measurements or classification of assets and liabilities reflected in the financial statements. Except as disclosed in the financial statements, the results were not materially affected by: - Transactions of a sort not usually undertaken by the charity. - Circumstances of an exceptional or non-recurrent nature. - Charges or credits relating to prior periods. - Changes in accounting policies. The methods, data and significant assumptions used by us in making accounting estimates, and their related disclosures, are appropriate to achieve recognition, measurement and disclosure that is reasonable in the context of the applicable financial reporting framework. ## 4. **Areas of Potential Adjustment** We confirm that we are unaware of any non-trivial potential adjustments to the financial statements. ## 5. ## **Law and Regulations** We have disclosed to you all known instances of non-compliance or suspected non-compliance with laws and regulations whose effects should be considered when preparing the financial statements. We confirm there is nothing to report to you in respect of matters of material significance reported to Charity Commission nor any on-going enquiry raised by the Charity Commission. ## 6. ## **Going Concern** We believe that the company's financial statements should be prepared on a going concern basis on the grounds that current and future sources of funding or support will be more than adequate for the company's needs. We also confirm our plans for futures action(s) required to enable the company to continue as a going concern are feasible. We have considered a period of twelve months from the date of approval of the financial statements. We believe that no further disclosures relating to the company's ability to continue as a going concern need to be made in the financial statements. We also confirm the following disclosure within the financial statements: _The trustees have considered the charity's position at the time of signing the financial statements and have also considered the current financial strength of the charity. Based on this, the trustees have concluded that they have a reasonable expectation that the charity will have adequate resources to continue in operational existence for the foreseeable future, and at least twelve months from the date of signing these financial statements, they therefore continue to adopt the going concern basis of accounting in preparing these financial statements._ ## 7. ## **Related Parties** Related party relationships and transactions have been appropriately accounted for and disclosed in the financial statements. We have disclosed to you all relevant information concerning such relationships and transactions and are not aware of any other matters which require disclosure in order to comply with the requirements of the Charities Act 2011 or the SORP. ## 8. ## **Litigation and Claims** We have disclosed to you all claims in connection with litigation that have been, or are expected to be, received and such matters, as appropriate, have been properly accounted for and disclosed in the financial statements. ## 9. ## **Subsequent Events** All events subsequent to the date of the financial statements which require adjustment or disclosure have been properly accounted for and disclosed. ## 10. **Grants and donations** All grants, donations and other income, the receipt of which is subject to specific terms or conditions, have been notified to you. There have been no breaches of terms or conditions in the application of such income. We confirm that so far as we are aware, there is no relevant audit information needed by you in connection with preparing your audit report of which you are unaware. Yours faithfully ## **Signed on behalf of the Board of Trustees** Signature : Title : Director Date : 11 Larking Gowen Holt Fakenham About Us Norwich Whatever your financial needs. Larking Gowen is committed to Securing your future and helping you reach your goals. Diss Our values are about service and commitment, both to our clients and our people. We build strong, dedicated teams that share knowledge and expertise for the benefit of all our clients, delivering a friendly one-to-one service you can count on. Ipswich Ideally placed to help businesses across: Norfolk Suffolk Essex Colchester We have teams specialising in corporate finance, personal tax, legal, medical, tourism, not for profit, business recovery and business strategy and support. Trusted business advisors with a friendly one-to-one service Our chartered accountants and specialist teams have years of knowledge and experience Comprehensive accountancy and advisory service Advising clients for over 100 years A UK top 40 accountancy firm More than 350 employees Committed to you. **Committed to you.** **Engagement partner Engagement manager Auditor in charge** larking-gowen.co.uk Julie Grimmer Chris Yeates Mann Merchant Julie.Grimmer@larking-gowen.co.uk Chris.Yeates@larking-gowen.co.uk Mann.Merchant@larking-gowen.co.uk ## **Disclaimer** This report is provided on the basis that it is for the information of the directors of the above named entities only, and that it will not be quoted from or referred to, in whole or in part, for any other purpose without our prior written consent. No responsibility is assumed by us to any other person who may choose to rely on it for his or her own purposes. “Larking Gowen” is the trading name of Larking Gowen LLP which is a limited liability partnership registered in England and Wales (LLP number OC419486). Where we use the word partner it refers to a member of Larking Gowen LLP. Registered to carry on audit work in the UK, regulated for a range of investment business activities and licensed to carry out the reserved legal activity of non-contentious probate in England and Wales by the Institute of Chartered Accountants in England and Wales. Larking Gowen LLP is an Independent Member Firm of PrimeGlobal, a worldwide association of independent accounting firms. (Ver. Jan22) © Larking Gowen LLP