Charity Accounts Intelreading the accounts so you don’t have to

EGLWYS BRESBYTERAIDD CYMRU - THE PRESBYTERIAN CHURCH OF WALES

Registered charity 1132022 · accounts filings on the Charity Commission register · listed website unreachable when last crawled

Latest income
£4.1m
Latest spending
£5.7m
Registered
2009
Accounts read
FY2022

Financial health, per its FY2022 accounts

The accounts state that the charity reported a net outgoing resources deficit of £1,425k for the year ended 31 December 2022, an increase from the previous year's deficit of £931k. Total reserves stood at £18,708k, which is above the trustees' stated policy target of maintaining reserves equivalent to two years' worth of expenditure (£10,000k).

What the accounts disclose

Related-party transaction: The transactions of these three charities are fully consolidated into the financial statements. The principal contact addresses and main activities of each charity are: Coleg y Bala... Coleg Trefeca... Candidates and Training Department Fund
“The Church undertakes some of its work at its centres at Bala and Trefeca. These centres have been established as separate charities although they both report to the Resources Department. The Candidates and Training Department Fund has also been established as a separate charity and reports to the Ministries Department. The transactions of these three charities are fully consolidated into the financial statements.” — page 6
“In addition, the Church is the ultimate controlling party of the Welsh Calvinistic Methodist Assurance Trust. The principal activity of the company was that of an insurance company. However, the company ceased to trade in 2006 and is currently dormant.” — page 6
Per its FY2022 accounts as filed with the Charity Commission.
Related-party transaction: The Church is the ultimate controlling party of the Welsh Calvinistic Methodist Assurance Trust. The principal activity of the company was that of an insurance company. However, the company ceased to trade in 2006 and is currently dormant.
“The Church undertakes some of its work at its centres at Bala and Trefeca. These centres have been established as separate charities although they both report to the Resources Department. The Candidates and Training Department Fund has also been established as a separate charity and reports to the Ministries Department. The transactions of these three charities are fully consolidated into the financial statements.” — page 6
“In addition, the Church is the ultimate controlling party of the Welsh Calvinistic Methodist Assurance Trust. The principal activity of the company was that of an insurance company. However, the company ceased to trade in 2006 and is currently dormant.” — page 6
Per its FY2022 accounts as filed with the Charity Commission.

Accounts audited by Azets Audit Services.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£4.1m
Total spending
£5.7m
Cost of raising funds
£46k
Reserves (reported)
£8.4m
Employees
105

Reported reserves equal ~17.9 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Register events

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/12/2024£4.1m£5.7m
31/12/2023£5.1m£5.2m
31/12/2022£4.0m£5.5m
31/12/2021£4.1m£5.0m
31/12/2020£4.3m£4.7m

Common questions

Is EGLWYS BRESBYTERAIDD CYMRU - THE PRESBYTERIAN CHURCH OF WALES financially healthy?

The accounts state that the charity reported a net outgoing resources deficit of £1,425k for the year ended 31 December 2022, an increase from the previous year's deficit of £931k. Total reserves stood at £18,708k, which is above the trustees' stated policy target of maintaining reserves equivalent to two years' worth of expenditure (£10,000k). Its FY2022 accounts were audited by Azets Audit Services.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with BETHEL PRESBYTERIAN CHURCH (REFORMED) CARDIFF WEST.