Ylew Covenant Church Lee Green
Report and financlal Statement8
for the year ended 3 1 December 2024
Clwlty No: 1175979

New Covenant Church Lee Green
Financial statements for the year ended 31 December 2024
Contents
Page (S)
Legal and administrative information
Report of the trustees
Responsibilities of the trustees
Independent examiner's report
Statement of financial activities
Balance sheet
Notes forniing part of the fin8ncial statements 10 - 14

New Covenant Church Lee Green
Financial statements for the year ended 31 December 2024
Reference and administrative Anforniation
Charity name:
New Covenant Church IEe Green
Charlty reglstratlon
number:
1175979
Reglstered office and
operatlonal addre88:
66 Eynsham Drive Abbeywood London SE2 9QZ
Trnstee8:
Ayodeji Shobande
Dumebi Martin Emechete
Cyrina Omololu
Independent examlner:
Sedot Consult Limited
Banker8:
Natwest
Page I

New Covenant Church Lee Green
Report of the trnstees for the year ended 31 December 2024
The trustees of New Covenant Church IEe Green present their report and
financial statetnents for the year ended 3 1st December 2024 which have been
prepared in accordance with the Staternent of Recommended Practice,
Accounting and Reporting by Charities" issued in December 2000 and Revised
SORP 2005.
Strncture
overnance and mana
ement
a. Con8tltutlon
The charity is constituted as a Charitable Incorporated Organisation ICIOI in
England & Wales. The governing document of the charity is the constitution of
the CIO as approved by the Charity Commission in England & Wales ICCEWI.
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.
b. Method of appolntment or electlon of tni8tee8
New trustees are elected on the basis of the contribution that they will make to
the governance of the organisation and the skills that they will contribute. They
are provided with copies of the Charity Commission's guidance to trustees and
given an introduction to the activities of the charity by the existing board.
e. Pollcles adopted for the Inductlon and tralnlng of trustee8
Existing trustees are provided with training as and when required.
d. Organlsatlonal 8tructure and declslon making
The Board of trustees is headed by a Chairman, the Secretary to the Trust
and a Financial Administrator. All the present employees of the charity are
voluntary workers. The trustees are responsible for making all decisions
regarding allocation of fund and activities. New Covenant Church, Lee Green
consists of a leadership team of two Pastors and three Elders. Within the church,
there are 10 departments and committees, with each having a head of
department. 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, Summer Camp
Committee, Building Committee and the Outreach Ministry (namely Benefit
Advice)
Page 2

New Covenant Church Lee Green
Report of the trnstees for the year ended 31 December 2024
e. Related party relatlonshlps
New Covenant Church Lee Green is a parish of New Covenant church -
network comprising parishes all over the world. There is an agreement for
common purposes enteredinto by New Covenant Church IEe Green which
docutnents this relationship
Ob
ectlves and actlvltles
a. Policies and objectives
The objects of the charity are:
l. The advancement of the Christian faith
2. The relief of poverty and hardship.
3. Supporting the sick, the elderly, and those in need of care or counselling.
l.) Advanclng the chrlstlan falth
a.) Place of wor8hlp and the actlvltles
Regular worship services were held at I 11-113 Burnt Ash Road, Lee Green,
London SE12 8RA, including both physical and virtual Sunday Celebration
Services.
b.) Pa8toral Care
Pastoral visits were undertaken to support vulnerable individuals, including
those with tern]inal health conditions, in their homes.
c.) Communlty Support
l. Weekly provision of snacks and beverages for vulnerable individuals,
community members, and visitors after each Sunday Celebration Service.
2. Food support through the "Love Feast" initiative for members of the
congregation, individuals affected by substance misuse, and vulnerable people
from the wider community.
3. Financial assistance provided to individuals facing homelessness, and to those
affected by drug and alcohol addiction who attended church services.
d.) Men and Women mln18try
l. The New Covenant Women's Ministry held one meeting during the year, with
subsequent activities on hold.
2. Men's Ministry activities were on hold during the reporting period.
Page 3

New Covenant Church Lee Green
Report of the trustees for the year ended 31 Decejnber 2024
e.) Partnershlps and Outreach
l. Engagement with local churches to promote the Christian faith, including
partnership with other New Covenant Churches in Eltham, Lewisham, and Abbey
Wood.
2. Outreach events, including a Christmas dinner for members and community
visitors.
3. Visit to Riverlee Residential and Nursing Home to sing Christmas carols and
present gifts to residents and staff.
b. Grant maklng pollcles
Grants are made to other charitable bodies. The church supports missionary
organisations and other missions and projects within and outside the UK. The
church also provides support to menbers provides support to members of the
congregation lat the discretion of the trustees) who are in need.
. Volunteers
The church is grateful for the commitment and efforts of its volunteers who are
involved in services provision. The church has over 10 volunteers committed to
working in various departments within the church. The church continues to
dispense the service of heads of departments and ministers to ensure that the
best value is derived from the sterling efforts of the volunteers.
d. Rl8k management
The trustees have assessed the major risks to which the charity is exposed, in
particular those related to operations and finances of the charity, and are
satisfied that systems are in place to mitigate against exposures to the major
risks.
Page 4

New Covenant Church Lee Green
Report of the trustees for the year ended 31 December 2024
Achlevements and erfornianee
The trustees are pleased to report that the church continued to be successful
spiritually by ministering to tnany people in prayer and welfare. The church has
improved in membership strength and is increasingly reaching out to the
community.
Review of tTan8actions and financial
osition
During the year, income of £7.4501£16,83 1 in 20231 was received as voluntary
donations. The net movement in funds for the period, as shown in the statement
of Financial activities, for the period was a Deficit 5,202 (Surplus £9,522 in
20231. The value of the New Covenant Church Lee Green net assets at 31 st
December 2024 is £1 1,2821£16,484 in 2023).
Plan8 for future develo
ment8
The charity aims at building on its current achievement in effectively spreading
the ethos, love and hope that Christian faith offers. It also aims at building upon
its current efforts of community involvement, in its bid to make our community
and the larger world a better place for ajl
Page 5

New Covenant Church Lee Green
Report of the trustee8 for the year ended 31 Decejnber 2024
Responsibilities of the trustees
The trustees are responsible for preparing the annual report and the financial
statements in accordance with applicable law and regulations. Charity law
requires the trustees to prepare financial statements for each f￿anCial year.
Under that law, the charity law requires the trustees financial statements for
each financial year which give a true and fair view.
The trustees have elected to prepare the financial statements in accordance with
United Kingdom Generally Accepted Accounting Practice (United Kingdom
Accounting Standards and applicable lawl. The financial statements are required
by law to give a true and fair view of the state of affairs of the church and of the
surplus or deficit of the church for that period. In preparing these to prepare
financial statements, the trustees are required to:
select suitable accounting policies and then apply them consistently.
make judgments and estimates that are reasonable and prudent.
prepare the financial statements on a going concern basis unless it is
inappropriate to presume that the church will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose
with reasonable accuracy at any time the financial position of the church and
enable them to ensure that the financial statements comply with the Charities
Act 1993. They are also responsible for safeguarding the assets of the church and
hence for taking reasonable steps for the prevention and detection of fraud and
other irregularities.
Independent examlner
The trustees appointed Sedot Consult Limited as the charity's independent
examiner. A resolution for re-appointment as independent examiner will be
proposed during the trustees, meeting for the Ye￿ 2024.
This report was approved by the trustees on the 30 August 2025 and signed on
its behalf by:
Dumebi Martin Emechete
Trustee
Page 6

New Covenant Church Lee Green
Independent examiner's report for the year ended 31 December 2024
Independent examiner's report
We have examined the financial statements, which comprise the f￿anCIal
activities, the balance sheet, the related notes and the accounting policies of New
Covenant Church Lee Green for the year ended 3 1 December 2024.
Respectlve responsibxlities of trnstees and Independent examiner
As described on page 5, the trustees are responsible for the preparation of the
financial statements. It is our responsibility to carry out an examination of those
financial statements and to issue a report based on that examination.
Seope of examlnatlon
We conducted our examination in accordance with directions given by the
Charity Commissioners under section 144121 of the Charities Act 20 1 l. An
examination is limited to enquiries of the charity s personnel and analytical and
review procedures applied to financial data and this provides less assurance than
an audit. We have not performed an audit and accordingly* we do not express an
Independent examlAer'8 8tatement
In connection with our examination, no matter has come to our attention:
l. Which gives us reasonable cause to believe that in any material respect the
requirements:
To keep accounting records in accordance with section 130 the 2011 Act. and
To prepare accounts which accord with the accounting records and to comply
with the accounting requirements of the 20 1 l Act have not been met. or
2. To which in our opinion, attention should be drawn in order to enable a proper
understanding of the accounts to be reached.
Sedot Consult Limited
This report was signed on 30 August 2024
Page 7

New Covenant Church Lee Green
Statement of financial activities (including Income and Expenditure
Account) for the year ended 3 1 December 2024
2024
2023
Unrestrlcted Restrlcted
Funds
Funds
Total
Funds
Total
Funds
Notei
Incomlng re80urces
Incomlng resources from generated funds
Voluntary income:
Tithes and offerings
Gift aid
7,450
7,450
9.973
6,858
Total Incomlng re8ource8
Re8ource8 expended
Charitable activities
Grants
Administrative costs
Govenant Cost
3,967
1,818
6,517
350
3,967
1,818
6,517
350
3,784
853
5,923
350
Total resource8 expended
12,652
Net Incomlng re80urce8 before other
recognl8ed galn8111088)
(5,2021
15,2021
5,922
Net movement In fund8
Reconcillatlon of fund8
Total funds brought forward
Total funds earned forward
(5,2021
5,922
5,839
11.283
The Statement of financial activities includes all gains and losses in the year. All
incoming resources and resources expended derive from continuing activities.
Page 8

New Covenant Church Lee Green
Balance sheet as at 31 Deeember 2024
Notes
2024
2023
Flxed assets
Tangible assets
334
616
Current a88ets
Debtors
Cash at bank and in hand
295
295
11,298
16,218
Creditors: Amount falling due
350
350
Net eurrent a88ets
10,948
15,868
Net assets
General fund8
Fund brought fornTard
Surplus/ (Lossl for the year
Prior year adjustment
16,485
15,202)
10,563
5,922
11,282
16,485
Dlrector8' re8pon8lbllltle$:
from audit under section 477 of the Companies Act 2006 relating to small
companies.
The members have not required the company to obtain an audit of its accounts
for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the
requirements of the Act with respect to accounting records and the preparation of
accounts.
These accounts have been prepared in accordance with the provisions applicable
to companies subject to the small companies, regime.
The Financial Statements were approved by the board on 30 August 2025 and
signed on its behalf behalf by:
Dumebi Martin Emechete
Trustee
Page 9

New Covenant Church Lee Green
Notes formlng part of the flnanclal statements for the year ended 3 1
December 2024
l. Accountlng polleies
The financial statements have been prepared in accordance with applicable
Accounting Standards in the United Kingdom with the application of FRSSE and
the Statement of Recommended Practice, "Accounting and Reporting by
Charities" {"SORP 2000 and SORP 2005") issued by the Charity Commission. A
summary of the principal accounting policies, which have been applied
consistently, is set out below.
{a) Basis of Accounting
The financial statements are prepared under the historic cost convention and
include the results of the charity's operations, which are described in the
trustees report, all of which are continuing.
{b) Comparatlve flgures
Comparative figures are shown on the statement of accounts of the charity.
1¢) Incomlng re80urce8
All income is credited to the statement of financial activities on the earlier date of
when they are received or when they are receivable.
ldl Re8trlcted fund8
Restricted funds are to be used for specific purposes as specified within the
objects of the charity. Expenditure, which meets these criteria, will be identified
to the fund, together with a fair allocation of management and support costs.
There was restricted fund during the year which was expended for the purpose it
was intended for.
{el Unrestrleted funds
Unrestricted funds are donations and other incomes received or generated for the
objects of the charity without further specified purpose and are available for
general funds.
{fj Resources expended
Direct charitable expenditure includes all expenditure incurred by the charity in
direct pursuit of its charitable objectives. Governance expenditure includes all
costs not directly related to the charitable activities and cannot be allocated to
direct charitable expenditure.
Page 10

New Covenant Church Lee Green
Notes forming part of the fmancAal statements for the year ended 3 1
December 2024
Ig) Donated services and gifts in kind
The value of donated services and grfts in kind provided to the New Covenant
Church Lee Green is recognised in the statement of financial activities and in the
balance sheet at their value to the charity, as determined by the trustees, in the
period in which they are receivable, and where the benefit is both quantifiable
Ih) Flxed assets
Fixed assets (excluding investments) are stated at cost less accumulated
depreciation. The cost of minor additions or those costing below £1 00 are not
capitalised. Depreciation is provided at rates cajculated to write off the cost of
each asset over over their estimated useful economic lives.
Full year depreciation is charged in the year of acquisition, irrespective of the
date of purchase and no depreciation is charged in year of asset disposal. The
following rates are to be used except where the asset is on a finance lease where
the lower of the period of repayment and the useful life is applied.
Church equipment - 25 %
Office equipment - 250/0
Church refurbishment -12.50/0
2. Tlthe8 and offerlng8
2024
Unre8tTlcted Re8trlcted Total
2023
Total
Tithes & offering
Building fund
7,450
7,450
9,213
760
7,450
7,450
9,973
3. Charltable actlvltles
Unre8trlcted Restrlcted
2024
Total
2023
Tot8J
Training
Welfare
Honorarium
Outreach
Events
Music
50
50
199
320
3,000
165
3,725
3,725
192
192
loo
Page 11

New Covenant Church Lee Green
Notes formlng part of the Ilnanclal statements for the year ended 3 1
December 2024
4. Grants
2024
2023
Unrestrlcted Restrlcted Total
Total
Tndividuals
National due
Zone
530
1,288
530
1,288
250
553
50
1,818
1,818
853
5. Admlnlstratlve cost8
2024
2023
Unre8trlcted Restricted Total
Total
Rent & rates
Pastor's welfare/wages
Phones/internet
Depreciation
Advert
Sundary
Stationery
Equiptment expensed
Repairs
1,875
3,900
236
282
1,875
3,900
236
282
1,800
3,300
262
282
130
149
50
49
55
70
50
49
55
70
6.517
6,517
5,923
6. Govenant C08t
2024
2023
Unrestrlcted
Re8trlcted Total
Total
Accountancy fee
350
350
350
350
350
350
Page 12

New Covenant Church Lee Green
Notes formlng part of the financlal statements for the year ended 3 1
December 2024
7. Tanglble flxed assets
Office
equlpment
Motor
vehlcle
Total
COST
At l January 2024
Additions in period
At 3 1 December 2024
1,553
1,553
1.553
DEPRECIATION
At l January 2024
Charge in period
At 3 1 December 2024
937
282
937
282
NET BOOK VALUE
At 3 1 December 2024
334
334
At 3 1 December 2023
616
616
8. Credltor8: amounts falllng due wlthln one year
2024
350
2023
350
Accruals
Page 13

New Covenant Church Lee Green
Notes forming part of the fmancial statements for the year ended 3 1
December 2024
9. Analy￿8 of net assets between fund8
2024
Total
Funds
2023
Total
Funds
General Restricted
Funds
Fund8
Tangible assets
Current assets
Current liabilities
334
11,298
13501
334
11,298
13501
616
16,218
13501
Net a88et8 at 31 Dec 2024
At l Jan Incomlng Outgolng At 31 Dec
2024 Re80urces Re8ource8
2024
tInc Galn8]
Re8trleted fuAd8:
10,444
10,444
Total restricted funds
Unrestrlcted funds:
General funds
6,041
7,450
12,652
839
Total unrestricted funds
6,041
839
Total fund8
16.485
12,652
11,283
10. Trnstee8 remuneratlon and reimbursement of expenses:
The trustees did not receive any remuneration in this financial year.
I l. Related party transactions
New Covenant Church is the main head quarters of all New Covenant Church
branches. During the year, the church paid institutional grants to other New
Covenant Church organisations such as National dues, conference dues as stated
in the account.
Page 14