OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2024-12-31-accounts

N

Trustees' Annual Report for the period

Period start date Period end date 01 01 2024 31 12 2024 From To

Section A Reference and administration details ~~ee~~

Charity name New Covenant Church, South Croydon

Other names charity is known by

Registered charity number (if any) 1174887 ~~CT~~ Charity's principal address 155 - 157 BRIGHTON ROAD SOUTH CROYDON Postcode CR2 6EH

Names of the charity trustees who manage the charity

~~ee~~
Trustee name
~~ee~~
~~a~~
Office (if any)
~~ee~~
Dates acted if not for whole
year
~~Ge~~
Name of person (or body) entitled
to appoint trustee (ifany)
1 Olatunde Okoro
~~ee~~
~~a~~
~~es~~
Trustee
~~ee~~
~~nn~~
Whole Year
~~Ge~~
~~nn~~
2 Karen Davidson
~~a~~
~~es~~
~~ee~~
Secretary
~~ee~~
~~nn~~
Whole Year
~~Ge~~
~~nn~~
3 Simon Ajayi
~~es~~
~~ee~~
~~es~~
Treasurer
~~nn~~
~~nn~~
Whole Year
~~nn~~
~~nn~~
4 Basiratu Okuwa
~~ee~~
~~es~~
~~ee~~
Trustee and Chair
~~nn~~
Whole Year
~~nn~~
5 Moses Amire
~~es~~
~~ee~~
~~es~~
Trustee
~~nn~~
~~nn~~
Whole Year
~~nn~~
~~nn~~
7
~~ee~~
~~es~~
~~ae~~
~~nn~~ ~~nn~~
~~Gs~~
~~Gs~~
8
~~es~~
~~ae~~
~~ee~~
~~nn~~ ~~nn~~
~~Gs~~
~~Rs~~
~~Gs~~
9
~~ae~~
~~ee~~
~~ee~~
~~Gs~~
~~Rs~~
~~Gs~~
10
~~ee~~
~~ee~~
~~es~~
~~nn~~ ~~Rs~~
11
~~ee~~
~~es~~
~~nn~~
12
~~es~~
~~a~~
~~es~~
~~nn~~
~~Gn~~
~~Gn~~
13
~~es~~
14
~~es~~
~~a~~
~~es~~
~~Gn~~ ~~Gn~~
15
~~es~~
16
~~es~~
~~a~~
~~es~~
~~Gn~~ ~~Gn~~
17
~~es~~
18
~~es~~
~~a~~
~~es~~
~~Gn~~ ~~Gn~~
19
~~es~~
~~ee~~
~~Gs~~ ~~Gs~~
20
~~es~~
~~ee~~
~~Gs~~ ~~Gs~~

September 2025

TAR

1

Names and addresses of advisers (Optional information) Names and addresses of advisers (Optional information) Names and addresses of advisers (Optional information)
Type of adviser Name Address
Name of chief executive or names of senior staff members (Optional information)
Section B Structure, governance and management

Description of the charity’s trusts

Foundation Governing Document. 28 September 2017 as amended 08 Type of governing document December 2020. (e.g. trust deed, constitution) Charitable Incorporated Organisation How the charity is constituted (e.g. trust, association, company) The current trustees are a combination of first and second term trustees. Trustee selection methods In making their appointments, the following steps were followed: (e.g. appointed by, elected by) The CIO’s governing document is checked to ensure that the new trustees are appointed in a proper and legal way. Preferred candidates, with the required expertise and skill set, are identified and invited to be the first charity trustees. (Subject to formal vetting and approval by the full trustee board.) Potential trustees are vetted. Checks are carried out to ascertain candidates have not been disqualified from acting as trustees, and candidates are asked to confirm in writing that this is the case. Candidates are asked to consider and declare any existing or potential conflicts of interest. Appropriate checks from the Disclosure and Barring Service are conducted. In the light of the checks and declarations, the trustees decide to go ahead and formalise the appointment of new trustees. Trustees meet and make a decision on the appointment of each new Trustee and the office they hold. All new trustees are given a copy of the CIO’s governing document and all relevant documents and guides from the Charity Commission. All new trustees are introduced to the church and the office they hold. Oseremen Oboite, the previous chair stepped down in 2023 and was replaced by Basiratu Okuwa in December 2023, she has been the full year trustee in 2024.

September 2025

TAR

2

Additional governance issues (Optional information)

The trustee board is responsible for good governance and we strive to govern well.

You may choose to include additional information, where relevant, about:

Trustees are given an induction session along with going through the CIO’s governing document and all relevant guides from the Charity Commission.

The CIO’s governing document and all relevant guides from the Charity Commission are regularly consulted in enabling trustees.

New Covenant Church, South Croydon consists of a leadership team of four Pastors. Within the church, there are 18 departments and committees, with each having a head of department.

September 2025

TAR

3

The various departments and committees include the Pastoral Team, Choir, Welfare, Children Department, Youths, Young Adults, Ushers, Technical Team, Prayer and Intercessory Team, Welcome and Follow Up Team, Covenant Men, Covenant Women, Evangelism, Finance, Discipleship Team, Building and facility management Committee and the Outreach Ministry (namely Benefit Advice).

New Covenant Church, South Croydon is part of New Covenant Church UK, with a signed document of association and collaboration.

To identify, assess and manage risks to the CIO, the trustees have adopted a risk management policy and also use the framework suggested by the Charity Commission CC26.

The CIO has public liability and indemnity insurance policy up to date.

Section C Objectives and activities

The objects of the CIO are:

To advance Christian religion and biblical education for the public benefit, particularly but not exclusively, by providing workshops, conferences and afterschool clubs.

Summary of the objects of the afterschool clubs. charity set out in its governing document The alleviation of poverty within the area of operation, particularly but not exclusively by providing monetary grants and welfare support and services.

September 2025

TAR

4

During the last year we carried out the following activities –

Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)

Additional details of objectives and activities (Optional information)

You may choose to include further statements, where relevant, about:

September 2025

TAR

5

Section D Achievements and performance

Summary of the main achievements of the charity during the year

A summary of our achievements are as follows:

We have held regular church services and meetings. Pastoral support has and continues to be given by our Pastors. We have rendered financial support to worthy causes for the benefit of the public. Church workers meetings have been held. Wellbeing meetings have been held for different church groups. Pastors have held regular meetings.

Trustees have held meetings every quarter and to address ad hoc matters.

September 2025

TAR

6

Section E Financial review

At the end of December 2024, our savings account with HSBC bank was Brief statement of the £151,000.28 charity’s policy on reserves We achieved our long- term aim of buying our own building as a place of worship to enable us carry out objectives more effectively in August 2023. We used a substantial part of our savings to complete the purchase our church building,155-157 Brighton Road, South Croydon, CR2 6ЕН.

We required a mortgage for part-payment. We also raised additional funds from other branches of New Covenant Church in the United Kingdom, members of the church and other willing donors. In addition to buying the church building, it required full renovation and furnishing.

We completed the purchase of the property on the 15th of August 2023 and moved in on the 24th December 2023. The renovation work continued to 2024.

Details of any funds materially in deficit

None

Further financial review details (Optional information)

Principal sources of income include regular donations by members of the church and attendees at our meetings through collections, direct bank transfer, standing orders, periodic fund raising, all by voluntary contributions.

You may choose to include additional information, where relevant about:

We also earn interest paid on our savings account and we make regular gift aid claims.

Section F Other optional information

September 2025

TAR

7

We aim to continue to grow as a church.

Expand our activities to facilitate our objectives, for the public’s benefit.

Section G Declaration ~~Se~~

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Okuwa Full name(s) Basiratu ~~oo~~ Position (eg Secretary, Chair, Chair etc) ~~a~~ Date 13/10/25 ~~|~~

September 2025

TAR

8

The Charity Registration Number is :- 1174887

New Covenant Church - South Croydon

Report and Accounts

31 December 2024

New Covenant Church - South Croydon

Trustees' Annual Report for the year ended 31 December 2024

The Trustees present their Report and Accounts for the year ended 31 December 2024.

Reference and administrative details

The charity name.

The legal name of the charity is:- New Covenant Church - South Croydon.

The charity's areas operation and UK charitable registration.

The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1174887.

The charity does not operate in any overseas jurisdictions.

Legal structure of the charity

The charity is constituted as a Charitable Incorporated Organisation (CIO) in England & Wales. The governing document of the charity is the constitution of the CIO as approved by the Charity Commission in England & Wales (CCEW) .

There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law.

The trustees are all individuals.

1

New Covenant Church - South Croydon

Trustees' Annual Report for the year ended 31 December 2024

The principal operating address, telephone number, email and web addresses of the charity are:-

155 - 157 Brighton Road Croydon, , CR2 6EH

The Trustees in office on the date the report was approved were:-

Basiratu Okuwa; Olatunde Okoro ; Karen Davidson Simon Ajayi; Moses Amire

The trustees who served as a trustee in the reporting period were as shown above, and there were no changes during the year, or in the period between the year end and the approval of the accounts.

All the trustees are also members of the charity.

Financial review of the position at the reporting date, 31 December 2024 .

The trustees consider the financial performance by the charity during the year to have been satisfactory.

The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.

Details of The Independent Examiner

Theo Sehindemi

Member of Certified Accountants

148 Sandy Lane South Wallington SM6 9NR

2

New Covenant Church - South Croydon

Trustees' Annual Report for the year ended 31 December 2024

Statement of Trustees' Responsibilities

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), .

In particular, charity law requires the Trustees, if they prepare accounts on an accruals basis, to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Trustees are required to :-

The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.

The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with regulations made under the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are also responsible for the contents of the Trustees' report, and the statutory responsibility of the Independent Examiner in relation to the Trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.

This report was approved by the board of trustees on 4 September 2025.

Basiratu Okuwa

Trustee

3

New Covenant Church - South Croydon

Report of the Independent Examiner to the Trustees of the charity on the accounts for the year ended 31 December 2024

I report to the Trustees on my examination of the financial statements of the charity on pages 12 to 20 for the year ended 31 December 2024 which have been prepared in accordance with the Charities Act 2011 (the Act) and with the Financial Reporting Standard 102, (effective 1st January 2016) as modified by FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , and under the historical cost convention and the accounting policies set out on page 19.

Respective responsibilities of the Trustees and the Independent Examiner and the basis of the report

As described on page 9, you, the charity's Trustees, are responsible for the preparation of the financial statements in accordance with the Charities Act 2011 and all other applicable law and with United Kingdom Generally Accepted Accounting Practice, applicable to smaller entities, and for being satisfied that the financial statements give a true and fair view.

The Trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the Governing Document for the conducting of an audit. As a consequence, the Trustees have elected that the financial statements be subject to independent examination.

Having satisfied myself that the financial statements are not required to be audited under any legal provision, or otherwise, and are eligible for independent examination, it is my responsibility to:-

a) examine the financial statements of the charity under Section 145 of the Act;

b) follow the applicable procedures in the Directions given by the Charity Commission under section 145(5)(b) of the Act.

Basis of Independent Examiner's Statement and scope of work undertaken

I report in respect of my examination of the charity's financial statements carried out under s145 of the Act. In carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act setting out the duties of an independent examiner in relation to the conducting of an independent examination. An independent examination includes a review of the accounting records kept by the charity and of the accounting systems employed by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you, as Trustees, concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of charity legislation and that, on a test basis of evidence relevant to the amounts and disclosures made, the financial statements comply with the SORP.

4

New Covenant Church - South Croydon

The procedures undertaken do not provide all the evidence that would be required in an audit, and information supplied by the Trustees in the course of the examination is not subjected to audit tests or enquiries and does not cover all the matters that an auditor would consider in arriving at an opinion. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide

Consequently, I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below.

I planned and performed my examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report I obtained written assurances from the Trustees of all material matters.

Independent Examiner's Statement, Report and Opinion

Attention is drawn to the accounting policy stating that, notwithstanding the explicit requirement in the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, and in order to accord with current best practice, the Trustees have determined to prepare the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), . I concur with this approach, and any references in my report to the regulations should be read subject to this comment.

Subject to the limitations upon the scope of my work as detailed above, I have completed my examination: and can confirm that:-

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Signed:-

Theo Sehindemi - Independent Examiner

Certified Accountants

148 Sandy Lane South Wallington SM6 9NR

This report was signed on 4 September 2025

5

New Covenant Church - South Croydon - Statement of Financial Activities for the year ended 31 December 2024

6

New Covenant Church - South Croydon - Statement of Financial Activities for the year ended 31 December 2024

7

New Covenant Church - South Croydon - Statement of Financial Activities for the year ended 31 December 2024

8

New Covenant Church - South Croydon - Statement of Financial Activities for the year ended 31 December 2024

9

New Covenant Church - South Croydon - Statement of Financial Activities for the year ended 31 December 2024

Income and Expenditure account

New Covenant Church - South Croydon

Income and Expenditure Account for the year ended 31 December 2024 as required by the Companies Act 2006

Income
Income from operations
Gross income in the year before exceptional items
Exceptional items:
Gross income in the year including exceptional items
Expenditure
Charitable expenditure, excluding depreciation and amortisation
Depreciation and amortisation
Total expenditure in the year
Extraordinary items
Tax on surplus on ordinary activities
Gift Aid donations made
Retained surplus for the financial year
Net income after tax in the financial year
Net income before tax in the financial year
2024
£
153,034
153,034
153,034
101,969
17,767
119,736
-
33,298
-
33,298
-
33,298
2023
£
126,593
126,593
126,593
73,324
15,072
88,396
-
38,197
-
38,197
-
38,197

All activities derive from continuing operations

10

New Covenant Church - South Croydon - Balance Sheet as at 31 December

Fixed assets
Intangible assets
Tangible assets
Heritage assets
Investments held as fixed assets
Social investments
Total fixed assets
Current assets
Stocks
-
Debtors
-
Investments held as current assets
-
Cash at bank and in hand
155,711
Total current assets
155,711
Creditors: amounts falling due within
one year
-
Net current assets
Creditors: amounts falling due after more
than one year
Provisions for contingent assets
The total net assets of the charity
Restricted funds
Restricted Revenue Funds
-
Restricted Fixed Asset Funds
-
Restricted Revaluation Reserve
-
Unrestricted Funds
Called up share capital
-
Share premium
-
Unrestricted Revenue Funds
71,496
Unrestricted Revaluation Reserve
-
The total net assets of the charity are funded by the funds of the
Net assets
Net assets
-
-
-
155,711
2024
2023
£
£
-
-
999,404
986,117
-
-
-
-
-
-
999,404
986,117
-
-
-
145,050
145,050
-
155,711
145,050
1,155,115
1,131,167
(389,249)
(398,599)
-
-
-
-
765,866
732,568
-
-
-
-
-
-
38,198
-
71,496
38,198
charity, as follows:-
155,711
-
-
-
71,496
-

11

New Covenant Church - South Croydon - Balance Sheet as at 31 December

Designated Funds
Designated Revenue Funds
Designated Fixed Asset Funds
Total charity funds
694,370
-
694,370
-
694,370
694,370
765,866
732,568

The Trustees acknowledge their responsibilities for complying with the requirements of charity legislation with respect to accounting records and the preparation of accounts.

The Trustees are satisfied that, although the charity is not registered under the Companies Acts, if it were so registered, it would be eligible to prepare accounts in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.

Basiratu Okuwa

Trustee

Approved by the board of trustees on 4 September 2025

12

New Covenant Church - South Croydon

Report of the Independent Examiner to the Trustees of the charity on the accounts for the year ended 31 December 2024

I report to the Trustees on my examination of the financial statements of the charity on pages 12 to 20 for the year ended 31 December 2024 which have been prepared in accordance with the Charities Act 2011 (the Act) and with the Financial Reporting Standard 102, (effective 1st January 2016) as modified by FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , and under the historical cost convention and the accounting policies set out on page 19.

Respective responsibilities of the Trustees and the Independent Examiner and the basis of the report

As described on page 9, you, the charity's Trustees, are responsible for the preparation of the financial statements in accordance with the Charities Act 2011 and all other applicable law and with United Kingdom Generally Accepted Accounting Practice, applicable to smaller entities, and for being satisfied that the financial statements give a true and fair view.

The Trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the Governing Document for the conducting of an audit. As a consequence, the Trustees have elected that the financial statements be subject to independent examination.

Having satisfied myself that the financial statements are not required to be audited under any legal provision, or otherwise, and are eligible for independent examination, it is my responsibility to:-

a) examine the financial statements of the charity under Section 145 of the Act;

b) follow the applicable procedures in the Directions given by the Charity Commission under section 145(5)(b) of the Act.

Basis of Independent Examiner's Statement and scope of work undertaken

I report in respect of my examination of the charity's financial statements carried out under s145 of the Act. In carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act setting out the duties of an independent examiner in relation to the conducting of an independent examination. An independent examination includes a review of the accounting records kept by the charity and of the accounting systems employed by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you, as Trustees, concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of charity legislation and that, on a test basis of evidence relevant to the amounts and disclosures made, the financial statements comply with the SORP.

The procedures undertaken do not provide all the evidence that would be required in an audit, and information supplied by the Trustees in the course of the examination is not subjected to audit tests or enquiries and does not cover all the matters that an auditor would consider in arriving at an opinion. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide

Consequently, I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below.

I planned and performed my examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report I obtained written assurances from the Trustees of all material matters.

Independent Examiner's Statement, Report and Opinion

Attention is drawn to the accounting policy stating that, notwithstanding the explicit requirement in the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, and in order to accord with current best practice, the Trustees have determined to prepare the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), . I concur with this approach, and any references in my report to the regulations should be read subject to this comment.

Subject to the limitations upon the scope of my work as detailed above, I have completed my examination: and can confirm that:-

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Signed:-

Theo Sehindemi - Independent Examiner

Certified Accountants

148 Sandy Lane South Wallington SM6 9NR

This report was signed on 4 September 2025