GILGAL BAPTIST CHURCH, PORTHCAWL
Financial health, per its FY2023 accounts
The accounts state that total net assets increased to £745,397 at the end of the year, with unrestricted funds standing at £413,216. The charity holds free reserves of £105,559, which the trustees consider to be considerably in excess of their stated policy target of £30,000. Per the trustees' report, the charity is a going concern with no material uncertainties identified.
What the accounts disclose
“The trustees consider this ideally should be not less than three months of operational running costs, i.e. around £30,000.”
Trustees
- Rev MARTIN JAMES GILLARDchair
- ANTHONY JOHN HORNSBY
- Alison Farrow
- Barbara Ann Matthews
- DAPHNE HARRIS
- ELIZABETH MARY REES
- JACQUELINE CROLE
- KEVIN JEMMETT
- Linda Harber
- MARK PEERS
- Malcolm John Nicholas
- Margaret Eileen Hornsby
- Wayne Morgan
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £182k | £202k |
| 31/12/2023 | £193k | £166k |
| 31/12/2022 | £202k | £150k |
| 31/12/2021 | £225k | £109k |
| 31/12/2020 | £191k | £167k |
Common questions
Is GILGAL BAPTIST CHURCH, PORTHCAWL financially healthy?
The accounts state that total net assets increased to £745,397 at the end of the year, with unrestricted funds standing at £413,216. The charity holds free reserves of £105,559, which the trustees consider to be considerably in excess of their stated policy target of £30,000. Per the trustees' report, the charity is a going concern with no material uncertainties identified. Its FY2023 accounts were independently examined.