THE BAPTIST BUILDING FUND FOR WALES
Financial health, per its FY2024 accounts
The accounts state that unrestricted revenue funds increased to £4,528,990, supported by a surplus of £400,831 and net investment gains of £46,997. Per the trustees' report, the charity holds sufficient free and available funds to meet its reserves policy target of at least three months of annual budgeted expenditure, alongside an additional three months for loan funding. The charity relies primarily on investment income and legacies, with no significant fundraising activities conducted during the year.
What the accounts disclose
“The policy is to ensure that the charity has sufficient free and available funds to meet at least 3 months of annual budgeted expenditure. In addition the Trustee considers it is prudent to provide for a further 3 months for funding loans to churches and associations.” — page 7
Structured financials (annual return, FY ending 31/12/2023)
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £484k | £84k |
| 31/12/2023 | £596k | £32k |
| 31/12/2022 | £164k | £144k |
| 31/12/2021 | £127k | £104k |
Common questions
Is THE BAPTIST BUILDING FUND FOR WALES financially healthy?
The accounts state that unrestricted revenue funds increased to £4,528,990, supported by a surplus of £400,831 and net investment gains of £46,997. Per the trustees' report, the charity holds sufficient free and available funds to meet its reserves policy target of at least three months of annual budgeted expenditure, alongside an additional three months for loan funding. The charity relies primarily on investment income and legacies, with no significant fundraising activities conducted during the year. Its FY2024 accounts were audited by Ellis Lloyd Jones Audit Limited.