TOWY COMMUNITY CHURCH

Registered charity 1136394 · accounts filings on the Charity Commission register

Church in the community.Construction and management of Xcel project

Causes: General Charitable Purposes · Education/training · The Advancement Of Health Or Saving Of Lives · Disability · The Prevention Or Relief Of Poverty · Arts/culture/heritage/science · website · Get email alerts

Latest income
£1.2m
Latest spending
£1.3m
Registered
2010
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net deficit of £203,858 for the year ended 31 December 2024, resulting in a decrease in total funds from £999,814 to £795,956. The trustees' report notes that 2024 was a difficult year financially due to economic pressures, but the charity secured refinancing with Kingdom Bank in December to repay outstanding loans. The independent auditors confirmed that the financial statements give a true and fair view and that the going concern basis of accounting is appropriate with no material uncertainties identified.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Highest-paid employee band: £35,568 — below the median for charities its size (£70k)
“Paul Griffiths 35,568”
Per its FY2024 accounts as filed with the Charity Commission.
Largest income source: Trading income (79% of income)
“Trading income 0 992,579 992,579 1,074,137” — page 11
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: three months of unrestricted expenditure (held: £16k)
“The Charity's policy is to keep a minimum in general funds to run the organisation for 3 months.” — page 7
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Ashmole & Co. Discloses 6 of 6 completeness components.

Leadership, per the charity’s website

Listed on the charity’s own website when we last crawled it; roles may have changed. Pay-band disclosures above are anonymous statutory disclosures and are not attributed to any named individual.

Property (HM Land Registry)

2 registered titles in England and Wales held by the charity’s company or corporate body (0 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Structured financials (annual return, FY ending 31/12/2025)

Total income
£1.2m
Total spending
£1.3m
Reserves (reported)
£12k
Employees
36

Reported reserves equal ~0.1 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Per its annual return, largest income source: Other trading activities (74% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.0% of total income — below the median for charities its size (5.2%) (benchmarks).

Register events

Trustees · trustee networks

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

Operates in: Carmarthenshire

Income and spending

Financial year endIncomeSpending
31/12/2025£1.2m£1.3m
31/12/2024£1.3m£1.5m
31/12/2023£1.3m£1.4m
31/12/2022£1.2m£1.2m
31/12/2021£982k£857k

Common questions

Is TOWY COMMUNITY CHURCH financially healthy?

Per its FY2024 accounts: The accounts state that the charity reported a net deficit of £203,858 for the year ended 31 December 2024, resulting in a decrease in total funds from £999,814 to £795,956. The trustees' report notes that 2024 was a difficult year financially due to economic pressures, but the charity secured refinancing with Kingdom Bank in December to repay outstanding loans. The independent auditors confirmed that the financial statements give a true and fair view and that the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2024 accounts were audited by Ashmole & Co.

What does the highest-paid employee of TOWY COMMUNITY CHURCH earn?

Per its FY2024 accounts, the highest-paid employee was in the £35,568 band.

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
The National Lottery Community Fund30/06/2010£798kXcel Carmarthen

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
BANBURY CHARITIES1£36k
THE ST MICHAELS AND ALL SAINTS CHARITY1£3k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE REDEEMED CHRISTIAN CHURCH OF GOD LIVING BREAD NEWCASTLE.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
TOWY COMMUNITY CHURCH£1.2m£35,5680unclear—no doubt
THE REDEEMED CHRISTIAN CHURCH OF GOD LIVING BREAD NEWCASTLE FY2025£209k—0unclear—no doubt
CHRIST CHURCH COMMUNITY TRUST FY2024£356k—0unclear—no doubt
RENEWAL CHURCH FY2025£1.8m—2unclear—no doubt
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PAULS, CAMBERLEY FY2024£564k—0unclear—no doubt
BANBURY COMMUNITY CHURCH FY2025£245k—0unclear—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.