HOPE STREET WREXHAM
The activities of the charity include: the holding of weekly Christian services of worship; small community groups that meet during the week, and community events. The charity operates in Wrexham Town Centre.
Financial health, per its FY2024 accounts
The accounts state that the charity held unrestricted net current assets of £306,645 at year end, which exceeds its stated reserves policy target of £75,000. Per the trustees' report, the charity is considered a going concern with adequate resources to continue operating for the foreseeable future.
What the accounts disclose
“The principal funding sources of the charity are the Evangelism Fund [EF] grants totalling £200,604 and giving from the congregation totalling £208,869 including gift aid.” — page 6
“The Trustees have determined that the charity should aim to hold unrestricted cash of no less than £75,000 (which equates to about 3 months of unrestricted expenditure on basic operational commitments)”
“During the year the charity received donations totalling £13,266 (2023: £9,608) from related parties (which includes trustees, any other members of key management and anyone closely connected to them). No expenses (2023: £nil) were paid to, or for, the trustees.” — page 17
Property (HM Land Registry)
Trustees
- ANDREW JONATHAN KITCHENchair
- Adrian Andrew Peters
- Darren Coffin
- David Cooke
- Dr Hilary Jane Williams
- Paul Freeland
- RACHEL JANE KITCHEN
- Rebecca Landon
- Robin Mark Elsdon-Dew
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £494k | £377k |
| 31/12/2023 | £424k | £308k |
| 31/12/2022 | £212k | £237k |
| 31/12/2021 | £160k | £175k |
| 31/12/2020 | £173k | £55k |
Common questions
Is HOPE STREET WREXHAM financially healthy?
Per its FY2024 accounts: The accounts state that the charity held unrestricted net current assets of £306,645 at year end, which exceeds its stated reserves policy target of £75,000. Per the trustees' report, the charity is considered a going concern with adequate resources to continue operating for the foreseeable future. Its FY2024 accounts were independently examined.