TOWY COMMUNITY CHURCH
Church in the community.Construction and management of Xcel project
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.
What the accounts disclose
“Paul Griffiths 35,568”
“Trading income 0 992,579 992,579 1,074,137” — page 11
“The Charity's policy is to keep a minimum in general funds to run the organisation for 3 months.” — page 7
Leadership, per the charity’s website
- Paul Griffiths — Pastor
- Niall Pickup — Elder
- Adam Coates — Elder
- Hazel Bates — Elder
- Charlie Evans — Elder
- Rob Jones — Elder
- Joshua Bennett — Elder
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2025)
Register events
- Received assets from another charity (23/08/2023)
- Received assets from another charity (12/10/2011)
Trustees
- Niall Pickupchair
- Charlie Evans
- Emyr Jones
- Paul Griffiths
- Tim Howells
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 30/06/2010 | £798k | Xcel Carmarthen |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| BANBURY CHARITIES | 1 | £36k |
| THE ST MICHAELS AND ALL SAINTS CHARITY | 1 | £3k |
Charities like this
- THE REDEEMED CHRISTIAN CHURCH OF GOD LIVING BREAD NEWCASTLE
- CHRIST CHURCH COMMUNITY TRUST
- RENEWAL CHURCH
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PAULS, CAMBERLEY
- BANBURY COMMUNITY CHURCH
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY WITH SAINT MARY
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| TOWY COMMUNITY CHURCH | £1.2m | £35,568 | 0 | unclear | — | no doubt |
| THE REDEEMED CHRISTIAN CHURCH OF GOD LIVING BREAD NEWCASTLE | £209k | — | 0 | unclear | — | no doubt |
| CHRIST CHURCH COMMUNITY TRUST | £356k | — | 0 | unclear | — | no doubt |
| RENEWAL CHURCH | £1.8m | — | 2 | unclear | — | no doubt |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PAULS, CAMBERLEY | £564k | — | 0 | unclear | — | no doubt |
| BANBURY COMMUNITY CHURCH | £245k | — | 0 | unclear | — | no doubt |