BANGOR DIOCESAN TRUST
Financial health, per its FY2025 accounts
The accounts state that the organisation is in a stable and satisfactory financial position with a cash surplus of more than £2,400,000 at year-end. However, the trustees note that a significant financial provision made to support parish finances will not be sustainable beyond the end of 2026, requiring a different approach from 2027 onwards. Additionally, the trust's schools fund is starting to deplete, necessitating a review of its future sustainability.
What the accounts disclose
“The trustees' objective is to maintain an operational reserve of approximately 3 months' expenditure” — page 5
“At 31 March 2025 the Bangor Diocesan Trust owed Bangor Diocesan Board of Finance £51,804 (2024 - £45,288) for administration fees, £45,288 was paid during the year.” — page 23
“The trust recognises the need for improvement in this area and will be reviewing the training that new trustees receive in 2026.” — page 6
Structured financials (annual return, FY ending 31/03/2024)
Trustees
- Dr Hywel John Parry-Smithchair
- Christopher Dearden
- David Allan Parry
- Eleanor Wenda Owen
- Lauris Palshis
- Michael David Dean
- Rev Dylan John Williams
- Rev Miriam Beecroft
- Rev Roy Llywelyn Moules-Jones
- The Venerable John Christopher Harvey
- The Venerable Robert William Townsend
- Very Reverend Manon Ceridwen James
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £482k | £664k |
| 31/03/2024 | £1.0m | £275k |
| 31/03/2023 | £264k | £104k |
| 31/03/2022 | £344k | £209k |
| 31/03/2021 | £283k | £158k |
Common questions
Is BANGOR DIOCESAN TRUST financially healthy?
The accounts state that the organisation is in a stable and satisfactory financial position with a cash surplus of more than £2,400,000 at year-end. However, the trustees note that a significant financial provision made to support parish finances will not be sustainable beyond the end of 2026, requiring a different approach from 2027 onwards. Additionally, the trust's schools fund is starting to deplete, necessitating a review of its future sustainability. Its FY2025 accounts were audited by Williams Denton Cyf.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ARCHBISHOPS' COUNCIL | 1 | £15.5m |
| The John Gurney Charitable Trust | 1 | £110k |
| SISTERS OF MERCY SUNDERLAND | 1 | £55k |
| THE R C SNELLING CHARITABLE TRUST | 1 | £35k |
| CHARITY OF SIR RICHARD WHITTINGTON | 1 | £25k |
| LILIAN FRANCES HIND BEQUEST (TRUSTEES OF LADY HIND) | 1 | £21k |
| THE PILGRIM TRUST | 1 | £20k |
| THE ADRIAN SWIRE CHARITABLE TRUST | 1 | £12k |