HOMES OF BISHOP ROWLANDS
Provision of housing for (i) the elderly (ii) the poor who live within the Diocese of Bangor. 4 flats are available.
Financial health, per its FY2024 accounts
The accounts state that the charity holds unrestricted funds of £2,077,099 and total funds of £2,252,493, with cash at bank of £111,966. The trustees consider the financial position to be satisfactory, noting that income from rents and investments exceeded expenditure for the year. The filing confirms there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“Income received from rents and investments was £56,732 compared to £53,159 last year.” — page 3
“The Trustees' objective is to maintain the equivalent of the value of Fixed Assets plus a year's expenditure as a general reserve.” — page 3
“During the year, £25,435 (2023 - £24,224) was invoiced from Bangor Diocesan Board of Finance to cover shared administration costs. At the year end £25,435 (2023 - £24,224) was still outstanding.” — page 15
Trustees
- David Allan Parrychair
- Rev Stuart Elliot
- The Venerable John Christopher Harvey
- The Venerable Robert William Townsend
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £57k | £36k |
| 31/12/2023 | £53k | £36k |
| 31/12/2022 | £50k | £39k |
| 31/12/2021 | £49k | £34k |
| 31/12/2020 | £46k | £39k |
Common questions
Is HOMES OF BISHOP ROWLANDS financially healthy?
Per its FY2024 accounts: The accounts state that the charity holds unrestricted funds of £2,077,099 and total funds of £2,252,493, with cash at bank of £111,966. The trustees consider the financial position to be satisfactory, noting that income from rents and investments exceeded expenditure for the year. The filing confirms there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were independently examined.