QUEENS ROAD CHURCH, LLANDUDNO
As a church, we are very much focused on the Gospel of Jesus Christ. If you have heard this term and never quite understood it, it simply means the Good News. We meet on Sundays at 10:30 am and 6:30 pm as well as during the week to worship and tell others about Jesus.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net outgoing of resources of £10,249 for the year, resulting in a decrease in total unrestricted funds from £740,044 to £729,795. The trustees consider the charity to be a going concern with no material uncertainties identified. Reserves are held at £729,795, which significantly exceeds the stated policy target of three months' fixed costs (£22,500).
What the accounts disclose
“The trustees consider an adequate reserves policy is to maintain savings at a minimum of 3 months of fixed costs. This has been assessed as £7,500 a month” — page 4
“The total amount of donations received from the trustees, without conditions, during the year was £12,906 (2023 £11,195)” — page 14
Trustees
- Elen Elias
- Eleri Cooper
- Paul Hadley
- Timothy Demore
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £80k | £90k |
| 31/12/2023 | £139k | £95k |
| 31/12/2022 | £452k | £67k |
| 31/12/2021 | £59k | £49k |
| 31/12/2020 | £144k | £45k |
Common questions
Is QUEENS ROAD CHURCH, LLANDUDNO financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net outgoing of resources of £10,249 for the year, resulting in a decrease in total unrestricted funds from £740,044 to £729,795. The trustees consider the charity to be a going concern with no material uncertainties identified. Reserves are held at £729,795, which significantly exceeds the stated policy target of three months' fixed costs (£22,500). Its FY2024 accounts were independently examined.