WELSH CHURCH ACT FUND WITHIN THE AREAS OF RHONDDA CYNON TAFF, BRIDGEND AND MERTHYR TYDFIL COUNTY BOROUGH COUNCILS
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net deficit of £449,000 for the year ended 31 March 2025, driven by a £285,000 net loss on the revaluation of investments. Total unrestricted funds decreased from £13,993,000 to £13,544,000, while the charity awarded £528,262 in grants and incurred £10,000 in governance costs. The auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.
What the accounts disclose
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £412k | £576k |
| 31/03/2024 | £365k | £523k |
| 31/03/2023 | £378k | £474k |
| 31/03/2022 | £376k | £432k |
| 31/03/2021 | £408k | £348k |
Common questions
Is WELSH CHURCH ACT FUND WITHIN THE AREAS OF RHONDDA CYNON TAFF, BRIDGEND AND MERTHYR TYDFIL COUNTY BOROUGH COUNCILS financially healthy?
The accounts state that the charity reported a net deficit of £449,000 for the year ended 31 March 2025, driven by a £285,000 net loss on the revaluation of investments. Total unrestricted funds decreased from £13,993,000 to £13,544,000, while the charity awarded £528,262 in grants and incurred £10,000 in governance costs. The auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2025 accounts were audited by Audit Wales.
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