THE WELSH BAPTIST UNION CORPORATION LIMITED
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net income of £24,721 for the year ended 31 December 2024, with total funds increasing to £1,421,638. The trustees consider the financial performance satisfactory, though they note that future performance is likely to be affected by stock market volatility due to the charity's heavy reliance on investment income.
What the accounts disclose
“The policy is to ensure that the Union has sufficient free and available funds to meet at least 3 months of annual budgeted expenditure. In addition the Trustees consider it is prudent to provide for a further 3 months for funding grants to churches and associations.” — page 9
“The charitable activities are entirely dependent on continuing grant aid and voluntary donations as well as trading revenues. As a consequence, the going concern basis is dependent on the future flow of these uncertain funding streams.” — page 23
“The charity provides property trusteeship and administrative services to its related parties as well as to member churches of the Baptist Union of Wales. The related parties are the Baptist Union of Wales and the Baptist Building Fund of Wales and the Glyn Nest Residential Care Home.” — page 8
Register events
- Received assets from another charity (11/07/2023)
Trustees
- GLYNDWR SAMUEL PRIDEAUXchair
- Aldyth Mary Williams
- Arall Iwan Davies
- D MARC OWEN
- FRANCIS HAROLD MAULL
- HUGH BENJAMIN TRIBE
- Helen Mary Jones
- MR BILL DAVIES
- REVEREND IRFON CARADOG ROBERTS
- Rev Simeon Baker
- Revd Elfryn Jones
- Reverend Sue Phillips
- Robert Scourfield
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £227k | £203k |
| 31/12/2023 | £130k | £126k |
| 31/12/2022 | £62k | £132k |
| 31/12/2021 | £191k | £202k |
| 31/12/2020 | £78k | £135k |
Common questions
Is THE WELSH BAPTIST UNION CORPORATION LIMITED financially healthy?
The accounts state that the charity reported a net income of £24,721 for the year ended 31 December 2024, with total funds increasing to £1,421,638. The trustees consider the financial performance satisfactory, though they note that future performance is likely to be affected by stock market volatility due to the charity's heavy reliance on investment income. Its FY2024 accounts were independently examined.