Dream Centre Wales

Registered charity 1173245 · accounts filings on the Charity Commission register · also known as CORNERSTONE CHURCH RHONDDA

SEE REPORT OF THE TRUSTEES DOCUMENT ATTACHED

Objects

TO ADVANCE CHRISTIANITY FOR THE PUBLIC BENEFIT, PRIMARILY BUT NOT EXCLUSIVELY WITHIN THE RHONDDA.

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: Religious Activities · website · Get email alerts

Latest income

£60k

Latest spending

£58k

Registered

2017

Accounts read

FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity recorded a net income surplus of £2,405 for the year ended 31 December 2024, with total unrestricted funds carried forward amounting to £14,474. The trustees consider the financial position satisfactory and note that income grew despite a challenging economic climate, although they acknowledge future renovation costs depend on donor generosity. No material uncertainties or going concern issues were identified in the filing.

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

What the accounts disclose

Highest-paid employee band: £5,000 - £7,499

“Chelsea received payments in respect of her pastoral and leadership role within the church. The level of this remuneration fell into the £5,000 - £7,499 category.”

Per its FY2024 accounts as filed with the Charity Commission.

Related-party transaction: Chelsea Davies, wife of trustee Lawrie Davies, received remuneration for pastoral/leadership role.

“Chelsea Davies is the wife of trustee, Lawrie Davies. During the year under review, Chelsea received payments in respect of her pastoral and leadership role within the church. The level of this remuneration fell into the £5,000 - £7,499 category.” — page 14

Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Serious incident reporting policy and procedures
Social media policy and procedures
Trustee expenses policy and procedures
Volunteer management

Trustees · trustee networks

Lawrie Richard Davies
Naomi Hope James
Philip R Davies

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

Operates in: Throughout Wales

Income and spending

Financial year end	Income	Spending
31/12/2024	£60k	£58k
31/12/2023	£58k	£52k
31/12/2022	£57k	£65k
31/12/2021	£44k	£38k
31/12/2020	£52k	£44k

Common questions

Is Dream Centre Wales financially healthy?

Per its FY2024 accounts: The accounts state that the charity recorded a net income surplus of £2,405 for the year ended 31 December 2024, with total unrestricted funds carried forward amounting to £14,474. The trustees consider the financial position satisfactory and note that income grew despite a challenging economic climate, although they acknowledge future renovation costs depend on donor generosity. No material uncertainties or going concern issues were identified in the filing. Its FY2024 accounts were independently examined.

What does the highest-paid employee of Dream Centre Wales earn?

Per its FY2024 accounts, the highest-paid employee was in the £5,000 - £7,499 band.

Who funds Dream Centre Wales?

Funders whose own accounts filings name Dream Centre Wales as a grant recipient include WOODVILLE BAPTIST CHURCH.

Known funders

Grants to this charity found in funders’ own accounts filings.

Funder	Year	Amount	Purpose (as stated by the funder)
WOODVILLE BAPTIST CHURCH	FY2022	£7k
WOODVILLE BAPTIST CHURCH	FY2021	£1k