PENRALLT BAPTIST CHURCH, BANGOR
Penrallt welcomes people from all backgrounds to Sunday Services, midweek homegroups, children and youth activities and prayer meetings. It runs the Alpha course each year and hosts community groups in the Canolfan Penrallt Centre. Penrallt works with other churches, supporting Bangor Christian Union, Cytun Bangor and Bangor Street Pastors locally and a number of Christian agencies worldwide.
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?
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. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE NORWOOD AND NEWTON SETTLEMENT | 1 | £30k |
| THE EDWARD CADBURY CHARITABLE TRUST | 1 | £3k |
Charities like this
- BANGOR PENTECOSTAL CHURCH
- NEWPORT PAGNELL BAPTIST CHURCH
- Eglwys Penuel Church
- RUGBY BAPTIST CHURCH
- BETHANY ENGLISH BAPTIST CHURCH
- BANGOR DIOCESAN BOARD OF FINANCE BWRDD CYLLID ESGOBAETH BANGOR
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| PENRALLT BAPTIST CHURCH, BANGOR | £150k | — | 0 | below | — | no doubt |
| BANGOR PENTECOSTAL CHURCH | £711k | — | 0 | above | — | no doubt |
| NEWPORT PAGNELL BAPTIST CHURCH | £777k | — | 0 | unclear | — | no doubt |
| Eglwys Penuel Church | £115k | — | 0 | unclear | — | no doubt |
| RUGBY BAPTIST CHURCH | £240k | — | 0 | unclear | — | no doubt |
| BETHANY ENGLISH BAPTIST CHURCH | £165k | — | 0 | unclear | — | no doubt |