SOUTH WALES BAPTIST ASSOCIATION BUGB
Financial health, per its FY2024 accounts
The accounts state that the charity reported a surplus of £77,651 for the year ended 31 December 2024, driven largely by a one-off donation of £70,000. Per the trustees' report, unrestricted reserves stood at £619,499, which is significantly above the stated policy target of £119,473 (representing six months of expenditure). The charity holds total net assets of £1,146,812, including £449,452 in cash at bank.
What the accounts disclose
“We aim ideally to hold in reserve sufficient money in our funds identified above to cover 6 months expenditure (as recommended by the Charity Commission). Based on an expenditure figure of £238,945, this gives a reserves figure of £119,473.” — page 6
“During the financial year Director Revd Mark Fairweather-Tall received £37,180 (2023:£26,210) in Staff Costs, £8,734 (2023:£8,217) in Pension Contributions, £11,615 (2023:£10,800) in Housing Allowance, £2,193 (2023:£1,904) in Council Tax Payments, £921 (2023:£904) in Utility Costs, £631 (2023:£600) in Telephone Costs and £1,310 (2023:£2,342) in General Expenses in his capacity as Reverend of the South Wales Baptist Association in furtherance of the Charity's objects.” — page 22
“During the financial year Director Revd Mark Fairweather-Tall received £37,180 (2023:£26,210) in Staff Costs, £8,734 (2023:£8,217) in Pension Contributions, £11,615 (2023:£10,800) in Housing Allowance, £2,193 (2023:£1,904) in Council Tax Payments, £921 (2023:£904) in Utility Costs, £631 (2023:£600) in Telephone Costs and £1,310 (2023:£2,342) in General Expenses in his capacity as Reverend of the South Wales Baptist Association in furtherance of the Charity's objects.” — page 22
Funders the charity credits
- Baptist Insurance
Register events
- Received assets from another charity (01/04/2026)
Trustees
- Davina Thomas
- Kathryn Anne HUBBACK
- Rev Barbara Jane Carpenter
- Rev Carol Anne Soble
- Rev David Lloyd Powell
- Rev Jonathan David Greaves
- Rev Jonathan Mark Davis
- Rev Mark John Fairweather-Tall
- Rev Matthew Ian Carter
- Rev'd Dr William Craig Templeton Gardiner
- Scott Ringrose
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £354k | £269k |
| 31/12/2024 | £317k | £239k |
| 31/12/2023 | £249k | £267k |
| 31/12/2022 | £270k | £188k |
| 31/12/2021 | £232k | £213k |
Common questions
Is SOUTH WALES BAPTIST ASSOCIATION BUGB financially healthy?
The accounts state that the charity reported a surplus of £77,651 for the year ended 31 December 2024, driven largely by a one-off donation of £70,000. Per the trustees' report, unrestricted reserves stood at £619,499, which is significantly above the stated policy target of £119,473 (representing six months of expenditure). The charity holds total net assets of £1,146,812, including £449,452 in cash at bank. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE BAPTIST UNION OF GREAT BRITAIN | 1 | £902k |
| REDHILL BAPTIST CHURCH | 1 | £7k |