The Charity Registration Number is :- 1174979
New Covenant Church - Camberwell
Report and Accounts
31 December 2024
New Covenant Church - Camberwell
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 - Camberwell.
The charity is also known by its operating name, N/A.
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 1174979.
.
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 - Camberwell
Trustees' Annual Report for the year ended 31 December 2024
The principal operating address, telephone number, email and web addresses of the charity are:- 9 Haverlock Road Dartford, Kent, DA1 3HY The Trustees in office on the date the report was approved were:- Mr Ayobami Popoola Mr Bolaji Aliu Mrs Hawah Sesay
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.
2
New Covenant Church - Camberwell
Trustees' Annual Report for the year ended 31 December 2024
Objects and activities of the charity
The purposes of the charity as set out in its governing document.
The objectives of the Church are set out in the CIO document:
To advance the Christian Religion for the benefit of the public through the holding of prayer meetings, lectures, public celebration of religious festivals, producing and distributing literature on the Christian Faith to enlighten others about the Christian Religion. The Short Term and Longer Objectives and Aims.
To prevent and relieve poverty for the public benefit by providing funds, goods, and services in such parts of the United Kingdom or the world as the Trustees may deem necessary from time to time.
To advance the Christian Religion for the benefit of the public through the holding of prayer meetings, lectures, public celebration of religious festivals, producing and distributing literature on the Christian Faith to enlighten others about Christian Religion.
The charity's strategies for achieving its aims and objectives in the future.
The Charity intends to continue to look for opportunities to provide Cost of living support/relief in the community. The Charity focused on the health impact of the cost-of-living crisis running programs and events on Mental health. The charity will also look to expand mental health initiatives to children and young Adults. In 2024 we ran a training session in the community on Childhood and mental wellbeing leveraging the skills of a trained counsellor and NHS Doctor in the Church.
Significant activities
The Principal Activities of the Charity are Christian worship and involvement of various ministries and ministers of Religion in propagating the Christian Tenets of faith to members (and nonmembers) who seek to develop an understanding of the Gospel through the various meetings provided by the Church. There is an extension of the Christian Faith through other direct Community Outreach programmes.
3
New Covenant Church - Camberwell
Trustees' Annual Report for the year ended 31 December 2024
The main activities undertaken during the year to further the charity's purpose for the public benefit.
The Charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number is: 1174979. The Charity also operates in Sierra Leone. The Board of Trustees are pleased to report as follows:
PUBLIC BENEFIT
The Advancement of Christian Faith
The Trustees of the Charity having due regard for the reporting of public benefit provided by the Charity in line with the Charities Act 2011, are pleased to report that the church has continued its involvement with community focused events and projects providing direct benefit for the public in the UK.
Places of Worship
The Charity has continued its commitment to the promotion of the Christian Faith by renting on a bi -weekly basis a place at Hall Place and Gardens - Bourne Road, Bexley, DA5 1PQ to provide the public with the ongoing opportunity to attend Church services enabling them to grow and develop in the Christian faith, teachings and Principles. The services are also made available via Zoom. The Hybrid model has allowed the church to extend its reach beyond just the local community.The worship activities make provision for Christian Worship Services, teaching sessions, discipleship classes and prayer meetings throughout the week.The Church also operates weekly meetings in different local locations for our discipleship classes a practical strategy for using informal settings to advance Christianity in our communities.
Evangelism
Evangelism is a core value and outreach strategy of our Church to reach out to communities.We distribute Christian Tracts in the community, speak to people in parks and public places about the Christian faith, provide light refreshments in parks as we look to engage the community to drive forward the Christian faith. We also collaborate with local churches to promote picnics and summer family fun days where food and drinks are provided, and local Mayors join us as we promote Christianity in the community.
The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity The main activities undertaken during the year to further the charity's
The trustees have had regard to the Charity Commission's guidance on public benefit in managing the activities of the charity.
4
New Covenant Church - Camberwell
Trustees' Annual Report for the year ended 31 December 2024
Structure, governance and management of the charity
The methods used to recruit and appoint new charity trustees.
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity
Recruitment and appointment of new trustees
In making the appointments, 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.
5
New Covenant Church - Camberwell
Trustees' Annual Report for the year ended 31 December 2024
The charity's organisational structure.
Organisational structure
The board of trustees works closely with the management team and other advisers who promote the objectives of the charity. The charity also collaborates with the New Covenant Charity 1004343 where our objectives align. The board of Trustees hold meetings throughout the year and direct the pastoral team to promote the policies, strategies, programmes and projects that are geared towards achieving the charity's objectives.
Financial review
The charity's financial position at the end of the year ended 31 December 2024
The financial position of the charity at 31 December 2024 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-
| Called up share capital Share premium account Designated Revenue Funds Designated Fixed Asset Funds Total Unrestricted Funds Restricted Revenue Funds Restricted Fixed Asset Funds Total Restricted Funds Total Funds Net income Unrestricted revaluation reserve Unrestricted Revenue Funds available for the general purposes of the charity Restricted revaluation reserve |
2024 £ 409,427 - - 54,806 - - - 54,806 354,621 - - 354,621 409,427 |
2023 £ - |
|---|---|---|
| - | ||
| - | ||
| - - - - |
||
| - | ||
| - - - |
||
| - | ||
| - |
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.
Availability and adequacy of assets of each of the funds
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.
6
New Covenant Church - Camberwell
Trustees' Annual Report for the year ended 31 December 2024
Details of The Independent Examiner
Theo Sehindemi Member of Certified Accountants 148 Sandy Lane South Wallington Surrey SM6 9NR
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 :-
-
to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
-
select suitable accounting policies and apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business; - state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material
-
departures disclosed and explained in the financial statements;
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 31 March 2025.
Ayobami Popoola
Trustee
7
Report of the Independent Accountant to the Trustees of the charity on the accounts for the year ended 31 December 2024
Respective responsibilities of the directors and the accountant
As described on page 9, you, the charity's Trustees are responsible for the preparation of the accounts.
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. The Trustees also consider the charity to be exempt from the requirement to be subject to Independent Examination.
Our responsibility is to prepare accounts upon the basis of the information supplied to us, without conducting any formal scrutiny.
No statement of opinion
We have not carried out any audit procedures and have relied upon information supplied to us by the Trustees, and the information supplied by the Trustees in the course of the examination is not subjected to audit tests or enquiries, and consequently we do not express an audit or other assurance opinion on the view given by the accounts.
Signed:-
Theo Sehindemi - Independent Accountant
Certified Accountants
148 Sandy Lane South Wallington Surrey SM6 9NR
This report was signed on 31 March 2025
8
New Covenant Church - Camberwell - Statement of Financial Activities for the year ended 31 December 2024
Statement of Financial Activities for the year ended 31 December 2024
| Income & Endowments from: Donations & Legacies Charitable activities Other trading activities Investments Other Total income Expenditure on: Raising funds Charitable activities Other Tax on surplus on ordinary activities Other taxation Total expenditure Net gains on investments Net income for the year Transfers between funds Net income after transfers Other recognised gains/(losses) Reconciliation of funds:- Total funds brought forward Total funds carried forward Net movement in funds |
Current year Unrestricted Funds 2024 £ 92,123 - - - - 92,123 - 37,317 - - - 37,317 - 54,806 - 54,806 54,806 - 54,806 |
Current year Restricted Funds 2024 £ 354,621 - - - - 354,621 - - - - - - - 354,621 - 354,621 354,621 - 354,621 |
Current year Total Funds 2024 £ 446,744 - - - - |
|---|---|---|---|
| 446,744 | |||
| - 37,317 - - - |
|||
| 37,317 | |||
| - | |||
| 409,427 - |
|||
| 409,427 | |||
| 409,427 - |
|||
| 409,427 |
All activities derive from continuing operations
9
New Covenant Church - Camberwell - Statement of Financial Activities for the year ended 31 December 2024
==> picture [47 x 39] intentionally omitted <==
10
New Covenant Church - Camberwell - Statement of Financial Activities for the year ended 31 December 2024
11
New Covenant Church - Camberwell - Statement of Financial Activities for the year ended 31 December 2024
12
New Covenant Church - Camberwell - Statement of Financial Activities for the year ended 31 December 2024
Movements in funds
Movements in revenue and capital funds for the year ended 31 December 2024
Revenue accumulated funds
| Accumulated funds brought forward (From)/To unrestricted revenue funds Closing revenue funds Costs of fundamental reorganisation or restructuring Recognised gains and losses before transfers Exceptional items Net actuarial realised gains on defined pension benefit schemes |
Unrestricted Funds 2024 £ - 54,806 54,806 - - - - 54,806 |
Restricted Funds 2024 £ - 354,621 354,621 - - - - 354,621 |
Total Funds 2024 £ - 409,427 409,427 - - - - 409,427 |
|---|---|---|---|
| Summary of Funds | |||
| Summary of funds Unrestricted and Designated funds 2024 £ Share capital and share premium - Revenue accumulated funds 54,806 Revenue designated funds - Fixed asset funds - Revaluation reserve fund - Total funds 54,806 |
Restricted Funds 2024 £ - 354,621 - - - 354,621 |
Total Funds 2024 £ - 409,427 - - - 409,427 |
13
New Covenant Church - Camberwell - Statement of Financial Activities for the year ended 31 December 2024
Income and Expenditure account New Covenant Church - Camberwell
Income and Expenditure Account for the year ended 31 December 2024 as required by the Companies Act 2006
| Income Income from operations Realised Gains on the disposal of investments Income from investments, other than interest receivable Interest receivable Other operating income Gross income in the year before exceptional items Spare heading for realised gains and losses- replace with text Gross income in the year including exceptional items Expenditure Charitable expenditure, excluding depreciation and amortisation Depreciation and amortisation Fundraising costs Governance costs Other expenditure Interest payable Total expenditure in the year Extraordinary items Tax on surplus on ordinary activities Retained surplus for the financial year Net income after tax in the financial year Net income before tax in the financial year Investment income |
2024 £ 446,744 - - - - |
|---|---|
| 446,744 - |
|
| 446,744 | |
| 36,613 104 - 600 - - |
|
| 37,317 | |
| - | |
| 409,427 - |
|
| 409,427 | |
| 409,427 |
All activities derive from continuing operations
In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.
14
New Covenant Church - Camberwell - Statement of Financial Activities for the year ended 31 December 2024
15
New Covenant Church - Camberwell - Balance Sheet as at 31 December 2024
16
New Covenant Church - Camberwell - Balance Sheet as at 31 December 2024
2024 £ Fixed assets - Intangible assets Tangible assets 416 - Heritage assets Investments held as fixed assets - Social investments - Total fixed assets 416 Current assets Stocks - Debtors - Investments held as current assets 401,590 Cash at bank and in hand 7,421 Total current assets 409,011
==> picture [456 x 55] intentionally omitted <==
Creditors: amounts falling due within
one year
- Net current assets 409,011 - Net assets Creditors: amounts falling due after more - than one year - Provisions for contingent assets Net assets - - Defined benefit pension scheme assets The total net assets of the charity 409,427
The total net assets of the charity
17
New Covenant Church - Camberwell - Balance Sheet as at 31 December 2024
The total net assets of the charity are funded by the funds of the charity, as follows:-
==> picture [452 x 275] intentionally omitted <==
----- Start of picture text -----
Restricted funds
Restricted Revenue Funds 354,621
Restricted Fixed Asset Funds -
Restricted Revaluation Reserve -
354,621
Unrestricted Funds
Called up share capital -
Share premium -
Unrestricted Revenue Funds 54,806
Unrestricted Revaluation Reserve -
54,806
Designated Funds
Designated Revenue Funds -
Designated Fixed Asset Funds -
-
Pension reserve -
Total charity funds 409,427
----- End of picture text -----
18
New Covenant Church - Camberwell - Balance Sheet as at 31 December 2024
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.
Ayo bami Popoola
Trustee Approved by the board of trustees on 31 March 2025
19