PENRALLT BAPTIST CHURCH, BANGOR
Financial health, per its FY2023 accounts
The accounts state that total funds decreased from £716,612 to £694,771 due to a net expenditure of £21,841 against income of £131,303. The trustees report that reserves are held to cover day-to-day running costs and further development, with a policy aim to hold a minimum of six months' expenditure in unrestricted reserves. The current unrestricted reserves of £188,350 are below the stated policy target of six months' expenditure, as total annual expenditure was £153,144.
What the accounts disclose
“The deacons / trustees aim to hold a minimum of six months expenditure in the unrestricted reserves.”
“Trustees' remuneration and pension contributions totalled £34,952 in the year to 31 December 2023 (£32,610 to 31 December 2022).” — page 10
Trustees
- Abigail Elizabeth Penney
- Catherine Victoria Fooks
- Celestina Onohomen Audu
- Dr Janice Rosemary Ablett
- Ian Ablett
- Lesley Christine Jackson
- Michael David Clement Hale
- Owen Peredur Lloyd-Evans
- Perpetua Ifiemor
- Rev John Arthur Thompson
- Simon John James
- Solomon Oluwadara Adeola
- WENDY LEMON
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £150k | £195k |
| 31/12/2023 | £131k | £153k |
| 31/12/2022 | £112k | £143k |
| 31/12/2021 | £124k | £130k |
| 31/12/2020 | £104k | £105k |
Common questions
Is PENRALLT BAPTIST CHURCH, BANGOR financially healthy?
The accounts state that total funds decreased from £716,612 to £694,771 due to a net expenditure of £21,841 against income of £131,303. The trustees report that reserves are held to cover day-to-day running costs and further development, with a policy aim to hold a minimum of six months' expenditure in unrestricted reserves. The current unrestricted reserves of £188,350 are below the stated policy target of six months' expenditure, as total annual expenditure was £153,144. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST STEPHEN, EAST TWICKENHAM | 1 | £3k |
| THE JONATHAN TOWLER FOUNDATION | 1 | £3k |
| THE JOHN HORSEMAN TRUST | 1 | £2k |
| THE RED SOCKS CHARITABLE TRUST | 1 | £1k |
| Aylesham Community Trust | 1 | £967 |