NEW COVENANT FELLOWSHIP CHURCH
A place to love God and love people
New Covenant Fellowship Church
(A company limited by guarantee)
Annual Report and Financial Statements
For the year ended 31st October 2023
Charity number: 1147874
Company number: 7810922
Al
Annual Report and Financial Statements-yeèr endinR 31-' Odober 2023

NEW COVENANT FELLOWSHIP CHURCH
A place to love God and love people
New Covenant Fellowship Church
la company limited by guarantee)
Annual Report and Financial Statements
For the year ended 31" Ortober 2023
Contents
Page
Reference and Administrative Information
Management Committee Report
Responsibilities of the Management Committee
Independent Examiner's Report
Statement of Income and Retsined Earnin8S
Statement of Financial Position (Balance Sheet)
Notes to the Financial Ststements
Detailed Income Statement
Notes to the Detailed Income Statement
A3
A4
A8
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AnTrual Report and Fina•¢ial 5taiements-yearending 31." 0(lober 2023

NEW COVENANT FELLOWSHIP CHURCH
A place to love God and love people
Reference and Administratlve Infonnation
New Coveftant Fellowship Church (NCFC)
The Trustees present its Management Committee Reportand independently examined financial
statements for the year en(led 31" October 2023.
Reference and Admlnlstratlve Informatlon
Charity Name:
New Covenant Fellowship Churth
1147874
Charity Registration Number:
Company Registration Number=
7810922
Registered Office..
28 Whipperley Way, Luton. LUI 5LG
Operational Address:
Kestin House, 45 Crescent Road. Luton, LU2 OAH
Management Commlttee IBoard ofTruslees)
Mr J Henrique dos Santos
Mrs I dos Santos
Mrs S Graham- Chair
DrSJ Pam
Mr N Lannap
Ms B Mutema
Treasurer: Mr D Graham
Independent Examlner ofAccounts- MrA Hickman. Accountant. Guy¥ers, Patmore End, Ugley,
CM22 6JA
Banker5- HSBC, 63 George Street, Luton, LUI 2AR
A3
Annual Repon and Finan¢ial 5taiemenis-yeèr endiTrg 31-' Ocrober 2023

NEW COVENANT FELLOWSHIP CHURCH
A place to love God and love people
Management Committee Report
Strurture, Governance and Managemeni
Governin
Document
New Covenant Fellowship Church INCFCI is a charitable Company lirnited by guarantee. It was
incorporated on 14, Ortober 2011 and registered as a charity on 28, June 2012. The company
was established under a Memorandum of Association which established the objects and powers
of the charitable company and is governed under its Articles of Association. In the event of the
company being wound up members are required to contribute an amount not exceeding £10.
Retruitment and a
ointment of the Mana
ement Committee
The Directors of the company are also the charity trustees for the purposes of charity law and
under the companvs Articles are known as members of the Management Committee. Under
the requirements of the Memorandum and Article5 of Association, Directors continue in office
until they resi8n, are removed or pas5 awèv.
As and when new members are required. potential candidates will be identified base(i on their
skllls, experience and involvement with NCFC. The Management Committee seek5 to maintsin
a range of appropriate or8anisational and business skills on the committee.
Due to their oversight and responsibilty for the Children's Mlnistry. the Management
Committee undertake a Disclosure and Barring Service IDBSI check.
J Henrique dos Santos and Ivanilde dos Santos are both members of the Management
Committee and Pastors of the church. J Henrique dos Santos and Ivanilde dos Santos are
remunerated by the church for their roles as Pastors and are also permitted to be members of
the Management Committee in accordance with the Memorandum and Articles of Association
and by the Charity Commission. No other members of the Management Committee were
remunerated. One member of the Management Committee received a benefitfrom the charity
in the capacity of a beneficiary of the charity, as per article 6 la) of the Articles of Association.
Trustee induction and trainin
During 2022-2023, no new trustee5 were appointed to the Board. All Trustees continued to be
familiar with the work and life of the church and some held positions of responsibility within the
church in addition to being a Twstee le.g. as a home group leaderl.
A4
Annual Report arid Financial 5t3tements-year endiTrg 31.. October 3023

NEW COVENANT FELLOWSHIP CHURCH
A place to love God and love people
Potential new Trustees will be provided with informèts.on on the roles and responsibilities of
Trustees as part of an inFtial scoping conversation. The information will include previous minutes
and company d¢xuments le.g. Annual Reports). Potential candidates will need to successfullv
pass an interview process involving the Chair and other Trustees before being appointed.
Risk Mana
ement
The Management Committee previously COfTrsidered the major risks to which the charity is
exposed and identified mitigating actions in pl?ce to overcome these risks.
anisational Strutture
Six members served on the NCFC Board of Trustees during 2022-2023. The Board can be
expanded ès the tharity requires. The Trustees meet approximately four times a year and they
Cover the financial and administrative matters of the eharity. The Trustees have a mixture of
Christian, charity and professional backgrounds relevant to the work of NCFC.
The spiritual leadership of the church has been delegated to the Pastors by the Trustees.
Consequently, the Pastors are responsible for setting the spiritual direction for the church. To
support the Pastors. the church has a Pastor Support Group who support the Pastors in spiritual
and leadership matters. The Pastor Support Group also oversee or support various functions
within the church.
Decision-makin
rocesses
NCFC has a number of decision-making processes in place to ensure that decisions are made in
accordance with the aims and objectives of the charity and ensure good financial management.
The key decision-makin8 processes in place are as follows..
l. Spiritual matters- delegated to the Pastors.
2. Financial matters
expen(iiture up to £200 can be carried out independently by the
Pastors. Expenditure over £200 has to be agreed by the Trustees.
3. Governance matters-carried out by the Trustees.
AS
nual keport and Financjal Statement5- yeai enrfine 31 . October 2023

NEW COVENANT FELLOWSHIP CHURCH
A place to love God and love people
Related Parties
The charity is affiliated to New Covenant Fellowship in Brazil Ilgreia Evangelica Nova Aliancal. It
is also supports a number of Christian charities and outreach projects including Compassion UK
and Open Doors.
Financial Review and Reserves
The church receives its funding from tithes. offerings. donations given by members of the
congregation, events income and gift aid. The church's income remained broadly in line with
the previous year, with income at £74.35012021-22.. £73.506).
NCFC airns to hold sufficient unrestricted funds not designated or invested in fixed assets li.e.
'free reserves") to meet three months expected committed expenditure. In 2022-23, the charity
had sufficient reserves to meet this level of expenditure. NCFC will continue to hold this level of
reserves and take mitigating artions accordingly if reserves were to dip below this level.
Objectives and Actlvitles
Pur
New Covenant Fellowship Church is a registered charity and a company limited by guarantee.
The charIt￿S objects containe(J in the company's Memorandum of Association are:
To advance the Christian faith for the public benefit.
The church has an overarching goal to 'make Jesus too big to ignore., The church's vision and
mission is based on seven key principles which govern the priorities and focus of the church.
The seven key principles are:
11 Love God
21 Love people
31 Live according to the Word of God (the Holy Biblel
41 Live in the power of the Holy Spirit
51 Live a life of holiness
61 Live a life of freedom
71 Live a life of revelation
The Trustees have regard to the Commission's public benefit guidance when exercising any
powers or duties to which the guidance is relevant and take this into account when planningthe
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AnnuAI Repory and Financ￿1 SlaterTrents- year ending 31 Octobef 2023

NEW COVENANT FELLOWSHIP CHURCH
A place to love God and love people
activities and focus for the year. The church continued key artivity to help fulfil its purpose and
mission.
Performance and Achievements
The church continued to develop its activitie5 during the year through core activity (including
church services, prayer meetings and discipleship) and developing new areas which helped to
increase its impact and growth. Activitie5 includes:
Main Sunday daytime service - Sunday services took plate throughout the year in-
person (with an online presence). The services incorporated vibrant worship, teaching,
preaching and prayer. The Sunday services were open to all church and non-church
members.
Portuguese service - a Sunday evening service was started for Portuguese-speaking
people whlch helped to provide fellowship, teachin8 and discipleship.
Young adults 11841- 'As One, 8roup - this continued for part of the year with 8¢￿d
attendance. This came to a Close after the coordinators moved back oversea5, however
the group will be resumed in the future.
Children's artivities- these continued throughout the year with just a small number of
children.
Cell groups - the weekly meetings of smaller groups of church members took place
throughout the year. Three groups met in person and onegroup met online and proved
to be invaluable for providing fellowship, spiritual growth, accountability and support.
Prayer, intercession and healing services- these continued throughout the year.
Structured bible readin8 plan.
Encounter with God (inner healing conferencel-tsvo conferences took place during the
year which were well attended and had excellent feedback.
Other outreach activity- e.g. street evangelism, a self-esteem course, men's fellowship
event5 le.g. breakfasts, barbecue) and women's fellowship events (breakfast, afternoon
tea, preparation for a women's conference).
The church continued to develop its social ffledia presence and thi5 grew significantly during the
year, developing an established online presence on key social media platforms such as
Instagram and Facebook.
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Annual RepDrt and FIDanrial Slatement5- year ending 31 October 202

NEW COVENANT FELLOWSHIP CHURCH
A place to love God and love people
During the financial year. the church continued to support missionary attivity within Igreja
Evangelica Nova Alianca, 8razil (with funds transferred retrospectively after the year-end each
yearl. The church also supported mission work in Rwanda, Thailand and Turkey. It continued to
sponsor children through the charity, Compassion UK. NCFC supported the international
charity, Open Doors, which provides support to persecuted Christians.
Plans for Future Periods
NCFC will continue to fulfil its mission and vision of loving God, loving people and making Jesus
too big to ignore. It will continue to develop its social media presence and maintain its focus on
outreach, teaching, intercession, prayer support, discipleship, fellowship and missionary
support.
Responslbilltles of the Management Committee
Company law requires that the Management Committee prepare a Management Committee
Report and the financial statements in accordance with applicable law and United Kingdom
Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applitable to charities in England and Wales requires the Trustees (Management
Committee) to prepare financial statements which give a true and falr view of the state of the
affairs of the charitable company as at the balance sheet date and of its incoming resources and
applications of resources, including income and expenditure, for the financial year.
In preparing those financlal statements. the Management Committee are required to..
select suitable accounting policies and then apply them consistentlv:
observe the methods and principles in the Charities SORP,.
make judgments and estimates that are reasonable and prudent:
stste whether applicable accounting standards have been followed, subjert to any
material departures disclosed and explained in the financial statements,. and
prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the charity will continue in operation.
The Management Committee is responsible for keeping sufficient accounting records that
disclose with reasonable accuracy at any time the financial position of the ¢harity and enable
Annual Report aTrd Financial StAterneTris- year ending 31 . 0(tober 2023

NEW COVENANT FELLOWSHIP CHURCH
A place to love God and love people
them to ensure thatthe financial ststements complywith the Companies Act 1985. the Financial
Reporting Standard for Smaller Entities, the Charities Act 2011, the Charity IAccounts and
Reports) Regulations 2IM and the provisions of the trust deed. The Management Comrnittee is
also responsible for safeguarding the assets of the charitsble company and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
Members ofthe Mana
ement Committee
Members of the Management Committee, who are Dirertors for the purpose of company law
and trustees for the purpose of charity law, who served during the year and up to the date of
this report, are set out on page A3. Donald Graham continued to serve as a treasurer but does
not serve as a trustee.
In accordance with company law, as the company's directors, we certify that..
50 far as we are aware, there is no relevant information of which the ¢ompanVs
Independent examiner of accounts is unaware,.
as the directors of the company we have tsken all the steps that we ought to have tsken
in order to make OLrrselves aware of any relevant information and to estsblish that the
charitvs independent examiner of accounts is aware of that information.
Inde
dent Examiner of Accounts
Mr A Hickman appointed as the charitsble companfs accountant and independent
examiner of the accounts.
The Trustees consider that an audit is not required fof this year and that an Independent
Examination is needed las per the conditions set out in the Charities Act 20111.
Approved by the Management Committee on
LS(o>lL*
and signed on its behalf by:
Mrs S Graham {Dlrector)
A9
Annual Report and Financial sioiement5- year ending 31- October 2023

New Covenant Fellowship Church
Company Limited by Guarantee
Year ended 31 October 2023
I report on the Accounts of the Charity for the year ended 31st October 2023
which are Set out on the following pages.
Respective responsibilities of Trustees and Examiner
The Charity's Trustees are responsible for the preparatron of the Accounts. The
Charity's Trustee5 consider that an audit is not required for this year under
section 43121 of thecharities Act 1993 (the 1993 Act) and that an Independent
Examination is needed
It 15 my responsibility to..
lil examine the Accounts under Section 4313llal of the 1993 Act,.
lill follow the procedures laid down in the General Directions given by the
Charity Commisslon under Section 4317llbl of the said 1993 Act,. and
lili) state whether particular matters have come to my attention.
Basis of Independent Examinerfs Report
My examination was carried out in accordance with the General Directions
8iven by the Charity Commission. An examination includes a review of the
accounting records kept by the Charity and a comparison of the accounts
presented withthose records. It a150 includes consideration of any unusual
such matters. The procedures undertaken do not provide all the evidence that
would be required in an audit, and consequentty I do not express an audit
opinlon on the vlew given by the at¢ounts
Independent Examinerfs Statement
In connection with my examination no matter has come to my attention:
111 which gives me reasonable cause to believe in any material respect the
requirements lil to keep accounting record5 in accordance with Section 41 of
the Charities Act 1993.. and
lill to prepare Accounts which accord with the accounting records and to
comply with the accounting requirements of the said 1993 Act have not
been met, or
121 to which. in my opinion, attention should be drawn in order to enable a proper
understanding of the Accounts to be reached.
Mr A Hickman - Accountant
Guyvers
Patmore End
Ugley
CM22 6JA

New Covenant Fellowship Church
Company Limited by Guarantee
Statement of Income and Retained Earnings
Year ended 31 October 2023
2023
2022
Note
Turnover
57922
57389
Operating Income
57922
57389
Administrative expenses
other operating income
Surplus / Ideficetl Income & Expenditure
74695
16428
-344
79387
16117
-5881
Deficet before taxation
-344
-5881
Tax on surplus
Deficit for the financial year and total
comprehensive Income
-344
-5881
Retained earnings at the start of the year
Retained earnings at the end of the year
48362
48018
54243
48362
All the activities of the company are from continuin8 operations.

New Covenant Fellowship Church
Company Limited by Guarantee
Statement of Financial Positlon
31st Ortober 2023
Fixed assets
Tangible assets
2023
2022
Note
Current assets
Cash at bank and in hand
Creditors.. due within one year
Net current assets
Total assets less current liabilities
47268
290
46978
48642
280
48362
48018
48362
Net as*ts
48018
48362
Capital and reserves
Profit and loss account
Members funds
48018
48018
48362
48362
These financial statements have been prepared in accordance with the provisions
applicable to companies subject to the smoll companies. regime and in accordance
with Section IA of FRS 102 'The Financial Reporting Standard applicable in the UK and
Republic of Ireland. For the year ending 31 October 2023 the company was entitled to
exemption from audit under section 477 of the Companies Act 2CX)6 relating to small
comapnies.
Directors, responsibilities
The member5 have not required the company to obtain an audit of its financial
Statements for the year in question in accordance with settion 476:
The directors acknowled8e their responsibilities for complying With the
requirements of the Act with respect to accounting ￿e0rd$ and the preparation of
financial statements. These financial statements were approved by the board of
director5 and authorised for issue on zA-lo? I ZA
board bv..
and are signed on behalf of the
S Graham
Director
Company registration number.. 07810922
The notes on pages 5 to 7 fomi part of these financtal statements.

New Covenant Fellowship Church
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 October 2023
l. General information
The company is a private company limited by guarantee, registered in England and
Wales. The address of the registered office is 28 Whipperley Way. Luton. Beds,
LUI 5LG.
2. Statement of compliance
These financial statements have been prepared in compliance with Section IA of
FRS 102, The Financial Reporting Standard applicable in the UK and the Republic of
Ireland
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. as modified
by the revaluation of certain financial assets and liabilitie5 and investment properties
measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currenLry of
the entitiy
Tangible assets
Tangible asset5 are initially recorded at cost. and subsequently stated at cost less any
ccumulated depreciation and impairment losses. Any tangible assets carried at
revalued amounts are recorded at the fair value at the date of revaluation less any
subsequent accumulated depreciation & Subsequent accumulated impairment105ses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised
in other comprehensive income and accumulated in equity, except to the extent it
reverses a revaluation decrease ol the same asset previously recognised in profit or
loss. A decrease in the carrying amount of an asset as a result of revaluation, is
recognised in other comprehensive income to the extent of any previously recognised
revaluation increase accumlslated in equity in respect of that asset. Where a
revaluation decrease exceeds the accumulated revaluation gains accumulated in
equity in respect of that asset. the excess shall be reco8nised in profit and loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its
residual value, over the useful economic life of that a55et as follows..
Musical & sound equipment - 25% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the
recoverable amount being estimated where such indicètors exist. Where the carrying
value exceeds the recoverable amount, the asset is impaired accordingly. Prior
impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testin& when tt is not possible to estimate the
recoverable amount of an individual asset, an estimate is made of the recoverable
amount of the cash generating unit to which the asset belongs. The cash-generating
unit is the smallest identifiable group of assets that includes the asset and generate5
cash inflows that are largely independant of the cash inflows from other assets or
groups of assets.

New Covenant Fellowship Church
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 October 2023
3. Actounting policies (continued)
Impairment of fixed assets Icontinvedl
For impairment testing of 8oodwill, the goodwill acquired in a business combination is
from the acquisition date. allocated to each of the cash-generating units that are
expected to benefit from the synergies of the combination. irrespertive of whether
other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial liabilitie5 and equity instruments are classified according to the substance of
the contractual arrangements entered into. An equity instrument is any contract that
evidences a residual interest in the assets of the entity after deductin8 all of its
financial liabilities. Where the contractual obli8ations of financial instruments
lincluding share capitall are equivalent to a similar debt instrument. those financial
instruments are classed as financial liabilites. Financial liabilities are presented as
such in the balance sheet. Finance costs and gain5 or losses relatin8 to financial
liabilitie5 are included in the profit and loss account. Finance costs are calculated so as
to produce a constant rate of return on the outstanding liability. Where the contractual
terms of share capital do not have any terms meetin8 the definition of a financial
liability then thls is cla55ed as an equity instrument. Dividends and distributions
relating to equity instruments are debited direct to equity.
4. Company limited by guarantee
The company has no share capital and is limited by guarantee.
5. Deficet before taxation
Deficiet before taxation is stated after char8inB:
2023
2022
Depreciation of tan8ible assets
228
2047
6. Tangible assets
Equipment Total
Equiment
Total
Cost
At l November 2022 and 31 October 2023
Additions
De
reciation
At l November 2022
Charge fof the year
13110
1268
13110
13110
228
13338
11063
2047
13110
At 31 October 2023
CarryirTrg amount
At 31 October 2023
1040
At 31 October2022

New Covenant Fellowship Church
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 Ortober 2023
7. Creditors.. amounts falling due within one year
2023
2022
290
280
8. Related party transactions
No transactions Wlth related parties were undertaken such as are required to be
disclosed

New Covenant Fellowship Church
Company Limited by Guarantee
Management Information
Year ended 31 October 2023
The followin8 pages do not form part of the financial statements

New Covenant Fellowship Church
Detailed Income Statement
Year ended 31 October 2023
2023
2022
Turnover
Operating Income
Sundry Income
57922
57922
2320
60242
57389
57389
Overheads
Administrative expenses
Other operatlng income
Surplu5 / Ideficitl income & expenditure
74695
14108
-344
79387
16117
-5881
Deficit before taxation
-344
-5881

New Covenant Fellowship Church
Notes to the Detailed Income Statement
Year ended 31 October 2023
2023
2022
Establishment ex
Rent & rates
Insurance and compliance
enses
8579
572
9151
7800
875
8675
General expen5e5
Travel and conference costs
Pastor & Speaker costs
Mission costs
Printing, Postage and Stationery
Equipment/building repairs and renewals
Staff c05tS
Payroll costs
Subscriptions
EventslEvan8elism/adverti5in8
Giving
Gifts IHardship Fund
Book5
Computer/Zoom & accessories
Hospitality
Legal and professional fees
Accountancy fees
Sundry Expenses
Depreciation of tangible assets
1924
50450
1660
47343
8258
174
56
145
S99
4289
24
199
1204
100
741
1128
5240
3299
723
719
290
259
228
2703
873
536
280
406
2047
70520
65375
Financial costs
Bank charges
169
65544
192
70712
Other operatin8 income
Other operating income - Gift Aid
Other operating income - Events
12543
1565
14108
15083
1034
16117
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