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THE REPRESENTATIVE BODY OF THE CHURCH IN WALES

Registered charity 1142813 · accounts filings on the Charity Commission register

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Latest income
£22.0m
Latest spending
£28.6m
Registered
2011
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that total funds increased to £868 million, driven by £47 million in investment gains, despite a net operational deficit of £2.6 million in general funds. The charity holds £499 million in general funds available for unrestricted use, which are invested to generate income for its mission and ministry. The trustees consider the reserves adequate to meet current and long-term liabilities, including the unfunded clergy pension scheme.

What the accounts disclose

Related-party transaction: The Archbishop and some stipendiary clergy are members of and in receipt of payment from the Representative Body. Payments to bishops and stipendiary clergy are based on the clergy stipends set out in the Constitution.
“The Archbishop and some stipendiary clergy are members of and in receipt of payment from the Representative Body. Payments to bishops and stipendiary clergy are based on the clergy stipends set out in the Constitution.” — page 38
“The six Diocesan Boards of Finance received Partnership Funding totalling £2,673,523 (2022: £2,566,876). Additional support was also provided to the dioceses in 2023 from the Structural Resilience Fund which totalled £3,593,557 (2022: £1,584,000).” — page 38
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: The six Diocesan Boards of Finance received Partnership Funding totalling £2,673,523. Additional support was also provided to the dioceses in 2023 from the Structural Resilience Fund which totalled £3,593,557.
“The Archbishop and some stipendiary clergy are members of and in receipt of payment from the Representative Body. Payments to bishops and stipendiary clergy are based on the clergy stipends set out in the Constitution.” — page 38
“The six Diocesan Boards of Finance received Partnership Funding totalling £2,673,523 (2022: £2,566,876). Additional support was also provided to the dioceses in 2023 from the Structural Resilience Fund which totalled £3,593,557 (2022: £1,584,000).” — page 38
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: As at 31 December 2023 the dioceses also had outstanding loans totalling £1,658,000 which have been advanced under the Clergy Retirement Housing Loan Scheme.
“The Archbishop and some stipendiary clergy are members of and in receipt of payment from the Representative Body. Payments to bishops and stipendiary clergy are based on the clergy stipends set out in the Constitution.” — page 38
“The six Diocesan Boards of Finance received Partnership Funding totalling £2,673,523 (2022: £2,566,876). Additional support was also provided to the dioceses in 2023 from the Structural Resilience Fund which totalled £3,593,557 (2022: £1,584,000).” — page 38
Per its FY2023 accounts as filed with the Charity Commission.

Accounts audited by Haysmacintyre LLP. Discloses 3 of 6 completeness components.

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

Total income
£22.0m
Total spending
£28.6m
Cost of raising funds
£3.3m
Reserves (reported)
£526.9m
Employees
116

Reported reserves equal ~220.8 months of spending — in the top quarter for charities its size (median 4.6 months; benchmarks).

Register events

Trustees

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

Operates in: Throughout Wales

Income and spending

Financial year endIncomeSpending
31/12/2024£22.0m£28.6m
31/12/2023£24.0m£29.1m
31/12/2022£22.0m£27.7m
31/12/2021£20.3m£30.9m
31/12/2020£18.9m£29.1m

Common questions

Is THE REPRESENTATIVE BODY OF THE CHURCH IN WALES financially healthy?

The accounts state that total funds increased to £868 million, driven by £47 million in investment gains, despite a net operational deficit of £2.6 million in general funds. The charity holds £499 million in general funds available for unrestricted use, which are invested to generate income for its mission and ministry. The trustees consider the reserves adequate to meet current and long-term liabilities, including the unfunded clergy pension scheme. Its FY2023 accounts were audited by Haysmacintyre LLP.

Government & lottery funding

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

FunderDateAmountPurpose
The National Lottery Heritage Fund29/11/2021£2k"#15Minutes2 15 Minute Heritage - Thomas & Williams - An Inspiration"
The National Lottery Heritage Fund31/05/2018£8k"To build a storage facility in the churchyard"
The National Lottery Heritage Fund26/04/2018£7k"For God, King and Country. Agriculture affected by World War 1"
The National Lottery Heritage Fund22/03/2018£33k"All Saints Church, Cellan, Ceredigion"
The National Lottery Heritage Fund01/03/2017£83k"Securing Eglwys Newydd Hafod Church for the future"
The National Lottery Heritage Fund21/09/2016£121k"Repairs to St Cadoc's Church, Penrhos, Monmouthshire"
The National Lottery Heritage Fund16/03/2016£29k"Repairs to the fabric, renewal of heating system and improved access and interpretation"
The National Lottery Heritage Fund10/12/2015£78k"St Mary's Church, Carew: External fabric repairs"
The National Lottery Heritage Fund10/12/2015£113k"St James and St Elidyr Church, Stackpole: Urgent roof and fabric repairs - Phase 1"
The National Lottery Heritage Fund10/12/2015£116k"Saint Barnabas Church: Urgent reroofing and external fabric repairs"
The National Lottery Heritage Fund19/03/2015£66k"Keeping St Cybi's Church Llangybi Open to All"
The National Lottery Heritage Fund20/03/2014£124k"Repairs to tower and spire St Beuno's Church, Gwyddelwern"
The National Lottery Heritage Fund12/12/2013£363k"St Jerome's Church & Heritage Llangwm Project"
The National Lottery Heritage Fund20/06/2013£166k"Repair and Improvement of St Barrwg's Church, Bedwas, Caerphilly"
The National Lottery Heritage Fund18/03/2009£118k"Taking Forward Our Church Heritage"