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.
Objects
THE CHARITY'S OBJECTS (THE "OBJECT") ARE RESTRICTED SPECIFICALLY, ONLY FOR THE PUBLIC BENEFIT TO THE ADVANCEMENT OF THE CHRISTIAN RELIGION PRINCIPALLY THROUGH THE PROVISION OF AN ANGLICAN PLACE OF WORSHIP IN THE ANGLICAN DIOCESE OF SAINT ASAPH (ÔTHE DIOCESEÖ), SUCH PLACE OF WORSHIP SPECIFICALLY FOLLOWING THE DOCTRINES AND TEACHINGS OF THE CHURCH IN WALES, AND, FURTHER, BY CONTRIBUTING TOWARDS THE ESTABLISHMENT, RENEWAL AND REVITALISATION OF CHURCHES IN THE DIOCESE AND WITHIN THE WIDER ANGLICAN COMMUNION.
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
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Trustee expenses policy and procedures
Funders the charity credits
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
- Rev Hugh Richardson
- 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.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE BURDEN TRUST | 1 | £174k |
| THE BEATRICE LAING TRUST | 1 | £100k |
| THE JOSEPH RANK TRUST | 1 | £25k |
| THE NISBET TRUST | 1 | £21k |
| THE MERCHANT VENTURERS CHARITY | 1 | £10k |
| THE ROTHERMERE FOUNDATION | 1 | £5k |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY, NAILSEA | 1 | £4k |
Charities like this
- HOPE CHURCH OSWESTRY
- WREXHAM AFC FOUNDATION
- REDEEMER CHURCH CHESTER LE STREET
- FILWOOD HOPE LTD
- RCCG LIVING WATER PARISH, WREXHAM
- HOPE CHURCH HARROGATE
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| HOPE STREET WREXHAM | £494k | — | 0 | above | — | no doubt |
| HOPE CHURCH OSWESTRY | £221k | Under £60,000 | 0 | unclear | — | no doubt |
| WREXHAM AFC FOUNDATION | £452k | — | 0 | above | — | no doubt |
| REDEEMER CHURCH CHESTER LE STREET | £186k | — | 0 | unclear | — | no doubt |
| FILWOOD HOPE LTD | £107k | — | 0 | unclear | — | no doubt |
| RCCG LIVING WATER PARISH, WREXHAM | £77k | — | 0 | below | — | no doubt |