GRACE CHURCH WEST WALES
Grace Church West Wales is a Charitable Incorporated Organisation newly created to replace the Charity of the same name. The Church is an all age christian church in West Wales. It provides services and outreach to the community.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a deficit on unrestricted funds of £12,022 for the year ended 31 March 2025, resulting in total unrestricted reserves of £11,314. Per the trustees' report, this unrestricted reserve level is below the stated policy target of approximately £10,000 (three months of salary costs), although the trustees remain satisfied that income will meet ongoing needs.
What the accounts disclose
“Because the principal staff are on 3-month notice contract, the policy is targeted at 3 months of total salary cost. This is currently around £10,000.”
“During the year, one employee was appointed a Trustee in the year and paid total remuneration of £4,103 under their continuing employment contract after their appointment as a trustee. The remuneration was not for their role as trustee but for other roles that they are fulfilling for the charity.” — page 16
“During the year, one connected person, being a close family member of a Trustee, was paid £1,700 for services provided to the charity on a self-employed basis.” — page 16
“During the year, one employee was appointed a Trustee in the year and paid total remuneration of £4,103 under their continuing employment contract after their appointment as a trustee.” — page 16
“During the year, one connected person, being a close family member of a Trustee, was paid £1,700 for services provided to the charity on a self-employed basis.” — page 16
“During the year, one employee was appointed a Trustee in the year and paid total remuneration of £4,103 under their continuing employment contract after their appointment as a trustee.” — page 16
“During the year, one connected person, being a close family member of a Trustee, was paid £1,700 for services provided to the charity on a self-employed basis.” — page 16
“During the year, one employee was appointed a Trustee in the year and paid total remuneration of £4,103 under their continuing employment contract after their appointment as a trustee.” — page 16
Property (HM Land Registry)
Register events
- Received assets from another charity (08/11/2021)
Trustees
- Benjamin Francis Davies
- Christopher Rupert Maynard
- Kanchana Edwards
- Philip Prosser
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £169k | £89k |
| 31/03/2024 | £88k | £115k |
| 31/03/2023 | £121k | £143k |
| 31/03/2022 | £86k | £92k |
| 31/03/2021 | £122k | £23k |
Common questions
Is GRACE CHURCH WEST WALES financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a deficit on unrestricted funds of £12,022 for the year ended 31 March 2025, resulting in total unrestricted reserves of £11,314. Per the trustees' report, this unrestricted reserve level is below the stated policy target of approximately £10,000 (three months of salary costs), although the trustees remain satisfied that income will meet ongoing needs. Its FY2025 accounts were independently examined.