2024-12-31-accounts

Charlty Re9l#rndon Number: 1176316 NEW COVENANT CHURCH WOOLWICH A CIIARffAaLE INC¢JAPWTEO OAGANISATI(Y4 TRusfEES' REpcAr AND FINANaAL STATEMENTS FOR THÉ YÉAR ENCED 31 DECEM8ÉR 2024

NEW COVENAKf CHURCH WOOLWICH LEGAL AND ADMINISTrATIVE INFORMATION FOR ThE YEAR ENDED 31 DECEMBER 2024 lulle Swnk•-Sonug) Mlchael aaleye Lawrence Farornbl Ezektd Oio 1176316 ioi Hed9• p￿¢ Kent DA9 9JY r<18ys B•rt Tobbytox Um 20 Gllbert Ro•d eelvedeye (X417 50A Ch•rlty Numb•r R•gl•t•rnd Offlc• B•nk Ind•p•nd•nt ExmlMr

NEW COVENAKf CHURCH WOOLWICH CONTEKrs FOR THE YEAR ENDED 31 DECEMBER 2024 Tru5tees' Rewt Indtpehdent Examlnefs Pwrt Strtement of An•ncl•l *dvltles 8?lanc¢ Sh¢¢t Notes to the ffln•n¢l41 Stst•nw¢s

NEW COVENANT CHURCH WOOLWICH TRUSTEES, REpoKr FOR THE YEAR ENDED 31 DECEMBER 2024 The trusteos present thelr annual rep(rt ond fln8nd•b 5￿t￿le￿$ forth• y￿r ended 31 December 2024 .

STRUCTURE, GOVERNANCE ANO mAN￿￿E￿r Govemlng Document Th• tharoty 1$ contrdled by tts g¢)¥tynlny • Dedorallon rflhtst 1991 Org•nls•¥onal str￿tU The Trustees hc4d mee￿n9$ throU￿oUt ihe year to promote the pdl¢les. r•tsgks ènd the Irrylemvtsvon of the vadous proprammes and prt4ettS wred towpds acNebw the th•rltable obhe£tsve& These subhecttd to ongolni vlews to 8S5ttS Outcomes Alsk M•n•gemert The Trust0• hav• • duty to Identlfy and revbew the risk to whlch the Charlty Is wposed and to •nwr• •ppropriate controls •rn In ￿•(• to pro¥lde reasonable a55urnnce agalnst fr•ud and •mx. OBIEcnvE5 MD AcnvmES CM#ullM, Obi•ctt¥x ￿rnS •nd ￿￿t$•￿0n olow Wtr The objertlves olthe Churth 1% srt out In the Ded•r•tyon o¢lhtst The adv•n¢•M￿t of CMstl•n F￿th In Ihe Unw ￿ngdoM •nd •bro•d The r¢llef d p•rsons In cond1t1￿ ol n••d. dlstru5 or w• ￿¢￿ or 19•d In th• Lknbted ngdom or •brv•d Inclpol •d¥￿•S The Prfnclp)I kdvltlel rf tht ch•rfty Chdsri•n vmtshlp and Inthment of vbrlow mlnlstrles •nd mlnlsters of rellglon In prop•q•tlng the Cfvlsd•n T•n•ts rfhlth to memlxrs l•nd ntyHnembvsl who se•k to l••m •nd develop an understondSng of the Gospel through the ¥•Ylous meetlngs by th Church. ThLs Is aLso an eXt•n￿on (d th• Chrf5tlan Falth thmugh other dlrert c¢Ynmunlty outr•Kh progr•mm•s mlded by the Church. Ch•rttsbl• artl¥l•s The Bo•rd olTfUSt••s •rn ￿•11•d to rnport as fdlm.. IWBUC SENEF THE ADVANCEME1￿ OF THE CHwsnAN F The Trust•e ol th• Ch•rbty have due r¢g•rd rwllng th• p¢JJlk ben•fft prOvId￿ by th Ch•rlty In Iln• wlth th• Ch•rtW•s kt 2011, •re pleosed to rewt the church Is cont6nulng Its Invdvemert wlth commU￿ty fotU5. Places of ¥¥orshlp The New Coven•nt Church In 2024 h•s ccrtlnued its ccThmltment of the adv•ncement ol the Chdsty)n F•lth In Ilne wlth Its tharltat4• oblethv¢g through provLk￿ 4nd m•lnt•n•n¢e of hs pl•ce of w￿ShIP for chrt￿•Th Worshlp In the Unlted Klngdom. whlch 15 •n Imr#xlont fuTrctlon.' p￿thr￿j membets of the publlc the ongdng opportunlty to 9row and develop In th• Chrfstlan folth. teathlngs •NI w1￿1ple$. Duthg the year, •N our branches ¥ross Europt and fvlc• w¢M w•ll •ng•g•d. ev•ngdlsm Ev•ngelhm Is a core v•lue and (xrtrtach Strotegy al the chwch to re•ch tyjt to the communltles. The Church uses athvlties Ilke Food ￿nk, spontaneous wrw5hlp S￿￿, fyers. ￿l￿er$ Ind home ￿51t to reach out to membws of the publlc •#d resldent5 dthe Jre•. of thw and many mty 9e4md tow•rds teaffl and cornm￿1ty bumdlng. Youth Mlnlstry The Youth Mln15try team conttnve5 to meet regtharty to ty0￿￿e 5UPWt for the splrltu81 gmwth d Its congreWcfi. Thelr St￿(e$ are cotydin•ted by Youlh n￿niStern In 2024, •ttendance at each meetln9 w•s abr¥Jt on •verage of 25 youths between the •ge of 13 •Trd 19. The youth church also held • r•hy of evtrtng events geared towards en¢our4ghw S￿l#l￿1n9 and leamlng about Ilfe Issues. sess10Tr5 were held to encourage ChrI5tl4n way al Ilfe. to be reSp￿S1b1e youth members of the ¢ommuniti•s, provlde ad￿ce on s(dal Issues. Career and gjpport during and after ex•m& The youth are also meAtorEd irth) leader5hlp rnles by havln9 the Opportun￿ to Pa￿tl￿te in vari¢>us departmentsl actfvltFes of the f hurth. Chlldren Mlnlstry In 2024, Sunday $¢hool mlnlstry Cr￿￿￿￿e In tOfU51ng on t¥Jllthng self-conff den¢e and ra151ng hlgh 5df-esteem In each chlld whlch Is achleve thfough te8chln& M[￿k. drarn• and d•rKe Ses￿On$. The chlldrw Mlnlsty eDn￿n￿¢S to cater for the S￿rItY81 rbeeds of chlldren ev￿ Sunthy throu￿ age •pproprfote storles. 5crlpture teachlngs. The Sunday schoc4 helps childrtn enhance thvr Itamlng of the blble thrwgh memorfsation of pa55age5. The Charfty In 2024 Contlnued Its IM￿eMentI¥l)n ol ChriAian f4ith by ensuwSng th•t thildr¢n ale Inclusive. In the knmlng process of onqolng age aFpropdate blble te¢hlng REUEF OF PERSON IN NEED. HAROSHIP. DISTRESS. SCX Crfl £ED

The Ch•rlty fonUou•d ￿ provth thD ¥ kn (onthtkn% ul n••d. ￿rds￿ IY étstr￿ •r• PDytornl ￿le & B•m￿￿nt Supwt The ch•¢ty In 20>4 contlnu• to pr•¥kl• cre 4Trd ber24￿ hmlU¢¥ h•Ve bJ>t bved otts. Tht chartty addl¥on•llf pro¥4th# finIn¢￿1 Mlp to hr••¥•d t•mWts to th•m In suth tkn•s of dmleultkn. It •1 pro￿deS ¢ounselllng i•Nk•s ¢• m•mb•ii ￿￿M￿T￿l￿oIth• chwth tastud•nty FINANCIAL REVIEW Th• book ¥4lu•i Df th• •wt5 •1 th• ￿ar If• eobro ¢tTty#W. •$ It•iod In th• finan¢l•l stt•mnts. Also th It's •de4V•t• •¥srt• •re to I￿ru ofu Cb•rfty A iyr•mry of the resutt of NCC Ilknoh'sKtl¥W15 durtr4 p•rb)d 15 gl¥•n In th• 61•t•rn•rt ol fvn•rKlol Actlvlu tsl Intomè of the •moonted to É310.614 1202J.. É?61.2381. Th• t¢t•l •5 •t >J rx•mb•r 2024 694.21912023., £18>.3031 •11 Tr•l•t•d to wr•ki•d ReseRVE POLICY Tlie Ntvrf Cg¥¢•on¢ Churen m•kn•kns fv￿%, •r• th• lrn• rtstrv# of th• (￿rty, •t v•l th4t 13 •t Imit tw•l¥• months 01 crthimlti•d •wfyJltu¢•, èxdudlng •nd oth•r c￿11. Exc•5 ￿￿￿￿￿￿¢t•0 fvnds, t¢ th• •xtertt Mpref•nt•d by Iwd ••Hts, wll ts• u¥•d to m•i i•tun•t op•r•tknwl tgjts, w•pi W￿r• th• Truit•M tonii¢J•r th4t th• funds sh•ukl b• rttrkild IOT fuluiE prthct IIIVESTIIENT POLICY The Tru6tw h•W rhe po•r to i•¥•%t ifi iuEb •Mets •$ th•y Oeem l. Th• chbrttls In￿￿￿7fit polky ts •wrop{￿le to the n•ture ollhe funds lor the In¥stmotht Ll h•h1. Th• prfmiry ￿¥￿tMa￿t •lm h to provldo a ht9h d•gr•• ol uvlty •nd 1￿Uld1tY •NI to M•xh)￿ r•turM th•OWlr•J • ¢ons•t¥•t￿fj •pwN¢h. GUNT.MAKfv4G POUCY Tli• ¢h•rlty do•1 tyot pfovld• yrnnr• •nd th•r•lN4 do hw• • 9oUry on Th¢ T￿t+ts however, •1¥• olfti ind domtlohs Is Jn •ll•cW¥• m••ns ol 0￿￿•r1￿ SUPF•rt ind •stht•Th￿ tty •th•f wo•r•mni th•t flt ¥¥lthln the ot4¢ctl¥rt of1￿ Chirtty. INDEPEt+DEMf EXAMIIIEA A pnpoMI th•l Trboylox be rn4rwlnt•d E%arnkn% ol b• put to th• ets•rd ol Yrustt•S Jtth• lorthcomkng Annwl G•Mfw N••ting. S •FgrD¥•d by tth• tyu#e• tyy. lull• Soyknk•-5on Tru%1 DIM.. 30 S•pt•ff*•r 2025 P•g• 3 cl 11)

NEW COVENAKf CHURCH WOOLWICH INDEPEf4DENT EXAMINER'S REpoirr FOR THE YEAR ENDED 31 DECEMBER 2024 Independent examlnerfs Rewt to the Trnsrees Cty4enont Church Wotlwlch I report to the Ch)tlty Twstees my examlnation of the •¢ctyJnts of the chartty for the year ended 31 December 2024 whlch toD￿sts of the statemEnt olfln)ncW •¢￿¥￿&￿1&nct s￿tt and the rdated notes Ralp￿91b11lt1￿ Dnd basls of r•port As the chgrws trusttes yw 4re reSp￿￿tsIe for thé preparatjon of the •ccwnts In xctyd•nce the requlrernents ofthe Ch•rliles Act 2011 lthe rti I report In re5pert of rny examination of the ¢harfV5 atc¢xnts carrled out ￿der 5tttton 145 of the kt and in <Jrrylng Lxrt my exJmlnyton I h•¥e fol￿ed •ll the •ppllc•ble ￿ree￿O￿$ glven by the Chowity Commlss5on under sertlon 1451511bl ol the Art. Ind•p•nd•nt Rx•mln• $t•t•m•nt The ch•rlty's gross Income exceeded £250.0￿ 4nd l am walfied to wdert•ke the ex•mlnadon by beln¥ a qts•Mfled member ol IFA I hove completed my ex•mln•tlon. l that no mlterfal m•tters have c•me to my attemtlon In cohneciion wlth the eièmln#tl¢n whi<h glves me <•use to tset￿ th•t In. •ny m•tetl•l rewect the ac¢ou#Wnq rt¢ords were not kept In •c¢tydance with se¢iion 130 01 the Charlt1•5 kt or the accounts dld not act￿d wlth the •CcoUn￿r￿ r•¢yds', or the accounts dld not C12mply wlth the ap￿1(all¢ rtqulrments con¢emlng the lorm and cortent ol accounts set out In the Ch•rl¥es IAccounts •nd Report51 Regul&don$ 2008 cther th•n •ny requktrnent that the •ctounts 9lv• 'true and fol￿ vleY4 whlch Is nrt o moitei consldered •5 Port ol In Independent exomlnaUon. I hive no concem5 and have c¢yTre •¢ioss no other matters In cOnTkeC￿0Th wlth the examlna¥on to l)Ich •tt•Atlon be dr•n In thls reptyt In othr to In4￿* • undtrst•ndlng tl th• •ccounts to be rt•ched. Nam•'. Tobbytox Llmltod D•te,. 30 September 2025

NEW COVENAKf CHURCH WOOLWICH STATEMEMT OF FINANCIAL AcfMTIES FOR THE YEAR ENDED 31 OECEMBER 2024 R•¢omm•nd•d f•t•g<1•• by •ctlvlty In¢om• •nd •ndowRwrt• frwn: Tot•1 Pund% 1024 Dcnatlon5 ond legac1•5 310.644A4 3IO,644.44 310.644.44 310.64&44 exyndft¥r• ChJrit•ble •(tiV￿¢S 30S,657.83 305.657.83 other 2.457.09 2,457.09 308.11&92 N•t lhe0m￿(•xP•thdI1Url 2,519.SX 3,52•.82 N•t mov•rn•nt In fimdB 3.529.53 K•c•n¢lll•tlon al Iubthi Total lunds brought forward 689,303.LM) 689,303.00 11**1 fund• <wrt•d f•rn•rd 691.J32.52 091,131.S2

NEW COVENANT CHURCM WOOLWICH BALANCE SHeEY FOR THE YEAR ENDED 31 DECEMBER 2024 R•￿￿end•0 by •rtlvlty xed 0$6ets Trwlble •ssets T•tal ?024 1,465,050.41 1.465.050.41 1.465,050.41 I.415,050.41 Current assets C•sh •tb•n and In h•p 9.895.84 9,895.B4 Ibt•l curr•nt 9.895.84 9.895.B4 1.474,946.25 1.474,946.25 Crndltots.. lmounti l•llng aft•r one year Ttyt•l D•t Mt• gr Il•bllltl•¥ ol th• Ch•rfty unrnstrtcttd lunds 783.113.73 783.IL3.73 091.832.52 691,832.52 69Lg)2.52 691.832.5Z ReBrtMO IrKorMJ Endowm•ntfvndb 691.832.52 691.è32.52 I ern •oprtyv•¢ tsy tIwt￿ Oft 30 *t•mber 2025 •nd on Its behallty. Trust•e D•ts.. >0 5•Pt•M￿r 2025 60110

NEW COVENAKf CHURCH WOOLWICH NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 l. A¢¢ountlng Pollclès The princi￿1 ètcountlng potitles adopted ty the Chailty. wNch Is • publlc benefft entlty. In th• prepar•dDn of the 4cc¢yunts bre as f(Alows. 1.1 pa￿8 ol pr•p•r•tlon These a¢¢ounts ha¥e been prwred under the hlstorfca5 cort conventi￿, as modlfied by the Inclusl¢Jn of <h•rftJble properfes •nd Ilxed asset In%wtsnents and Investmrt wopertles at v¥lU•￿0￿. These accounts have been rttyred In accordance wlth "ktthmtfjTh4 Ind Reportlnq by Ch•rfbes'. Statement of Rcornmended Pr•ct4ce appllcoble to choffties weprfjng thelr accounts In )c¢¢rfance wlth the Nnènclal Reportlng Standard appllcoble in the UK and Rewblic of Irelond IFRS 1021" leffecttve l J•nuèry 20191 Icharltles SOAP IFRS IOZI), th• fin•nci•l Aeporting Stsnd•rd appllcable In the UK ond RepublK of Irel•nd IFAS 1021 and the Chortues Act 2011. Th•s• accwnts art Pr•$￿ In pwrKls stwllng •nd rnund•d to th• nwrnst pound. 1.2 Golng ¢onc•rn The Trurtees h•¥e pr¢pawt fln•ncl•l yo1¢d￿$, tskkng lrto con￿deratIOn the current econcmk ¢ondY(IMs •nd h•ve. at the tlme ol •pprwlnp these •cctyJnt% • re•son•ble expect•tlon that the chBrlty h•s •deqv•te resDur¢es to condnue In op•ratlonal exlstence for the forqse••bk fthr•. Thu5 tly CorrtIn￿ to •dopt the gdrhg concern be$4 01 •ccouThtlng In pr•parlng th• •ccounts. 1.3 Incom• from don•tlons or qr•nts Income from donotlons and 9ronts Is reco9nbed when the charty Is el￿ to the funds, the recelptls probable bnd the omount con b• meosured rellabty For donJtlon5, 1$ usually on recelpt. For gr•nts. thls Is usujlfy when fonnal o'er Is made In vffltlng. 11 a ￿l￿On Of grnrt ¢ont•lns temis •Trd c¢mdlllons wtslde of the c￿￿.3 control whlch must be met before th¢ ch•fity Is endded to th• funds. or11 th• donor spetlfles that the funds must be used In future ￿rne pertods. th•n th• I￿{￿ne Is def•Y•d. 1.4 L•g•cl•• L•g•¢les •re Includ•d In the SOFA when rtcelpt l• prob•ble, th•t Is. there h•$ been grart of w(thte, thé •x•¢utors tt•v• •st•b16sh•d th•t th•r• •r• sufflclent ￿ets In the estrte ond ￿Y r￿dI￿on5 attbched to the leg•(y •re Q￿h¢1 wlthln the contr¢4 01 the ¢hèrlty or have been rnet. 1.5 T•x r•cl•lm• on donatloni and o1ft• Gfft retelvabl• Is Included In Income hen th•r• Is • v•lld decl•r•U¢n from the donor. Any Glft Ald •rnount r¢covered on o d¢)naVon & C￿￿dered to be p•rt of thrt 9fft •nd Is tmt•d ￿ •n •ddltknn to the sjme fund ￿ the In￿¥1 de￿¥0￿ unless the donor w the terms rAthe appeal have sp•dfied 1.6 Ixp•ndltur• Expendlture Is rttoonlsed when a prEsent leo•l or <m5tn￿lw obll9•tlon •xlsts •t the b•l•nce sheet date as • fewlt ol • past event, It Is probable that 4 tr•nsler ol eC¥Y￿1￿C beneffts wll be requlred to seltle the oblig•tlon, and th• •mount c•n b¢ ¢S￿rnated reu?￿ It Ls Indwive rfVAT canrKt be recovered. Dlrect Costs or• those costs vthlch dlrtctly •ttrfbyte to its actithtiek Wtyes •nd ￿10￿￿$ afe aNocated tt* dlrert costs b•$•d on •n estimats of tlme spent ￿ tharknble acbvitles by staff member5. Svpport Costs IrKlude staff costs ond those whlch do nrt prndvte • dirert outpuL Stsff costs relate to specmc •clIv￿¢S and th1515 refiected In the •llocalJon (rf wyml costs based on the pertentsge ofllme spent. AH costs. Includlng governance costs. ère allocated between the ￿pendItUTe utegryle5 Of the ¢h•dty on i b&sls d¢slgned to reflect the use ol the fesource. Cost5 relailng to a particular •ctNIty are ¢h•rged dlrecdy.. others a •pportloned on on approprlate bas15. support costs •nd ovetheods hg¥e cakdoted by •lIK•￿ staff Vme to the level of invdvement In the •dlvlUes of th¢ Charty 1.7 Cr•dltor• Th• ch•rity has credltors twhkh afe me•xYed •t settknent Wn04rt le55 any th$t￿nts.

1.8 Fund •¢covntlng Unreth¢ted funds are those lunds whlch are available for use at Ihe dlscretlm of the Trustees In fvrtherance ol the 9¢ner?l obJethv¢s olthe <hority and TNth have not been deslgn•ted for ther wrpo Restricted funds are fvnds whith we to be a(c4￿darKe with specific restnctions imposed by d¢)nor5 or whlch hève been rni5ed by the thority fLY Partkul)r purposes. 1.9 Thnglbh fix•d aJJ•ts Tanglble fixed asse￿ such as land ènd bulldlngs. plant vehkles and equlpma)L 8re held to provlde bn owolng economlc benefit to • ¢h•ity through thelr contributlon. dlrectly or Sndlrecty. to the prDvlslon of got#Js or 5¢rvke5 by the chadty. Trngible fixed assels, other thoTh Ireehdd l•nd. •re st•t￿ at cost or valuauon less dewedatlors ènd any pr¢)¥lslon I lrnpainvent. Dep￿lItIon Is wov6deil •t ratts calcLd8ted to wrfte off the cost or Valua￿On of flxed •ssrt5. le55 thelr matEd resldval v•lue. D¥er thelr%pttied usefid I￿¢5 w the folknvlng ￿$1￿. N•rn• Computer Equlpm•)t Fumlture and Fttlng4 M•thod R•duclng 8alanc• Aeduclng 8Jl•nce 25 2. Incom• from Donatlons and L•ga¢le• An•ly•l• lknr•*trl¢t•d T•t•l 2024 00ft9t1￿ •nd 91fts 310,644.44 310,6M.44 310,844.44 Jl•.a44.44 3. Exp•ndltur• on Charltsbl• Artlvltl Ibt•l fvnd• 2OY4 TrnlnIr￿em1n•f Prfntlng and stadonery P•nk charges Wages •nd ￿1•￿1¢$ Insirumentallst cpst Honouradwn Telephone & Intemet Central Offlce Contrfbutlon Mlssbon Cost Purrhase & Methng EYp￿Se$ Love G￿( & Wellire Gmnq Subscrlpti Travel c05t SuppNt Costs 13.000.00 15.308.00 61.621.97 27.228.00 22.850.00 i.ioo.Do fj77.98 10.500.00 ZB.080.00 25.87S.95 16.374.00 1.040.01 9.147.00 72.854.92 305,657.83

1. Support Costs fvnd 2024 Anly41* ght & Heat Repair & Aenewél General InsvrarKe G•v•rn•nf• C•#ts AcwuntsThts f¢e5 Leg81 & Prolesslonal Fee 9,914.42 46,324.25 3.447.61 1.800.00 11,368,84 72.fjS4.92
2. Oth•r Expendltur• Tr>t•l fvnd• 2024 An•lyJl¥ )reclatlon Charge for the Year- Flxturns & Flttyn95 Depreclodon Ch•rye for the Y••r- ComNrttr Equlpm¥ 1.177.72 1,279.37 2.457.0• 1.177.72 1.279.37 2.457.09

3. Thnglblè Flx•d Ass•ts Vlxtur•• & flttln4• Comput•r Iqulpm•nt •.1 C￿t fjr ¥•lu•tl•n l 01 l•nuJry 2024 dltlon$ 1.457.706,00 4,698.00 5,103.50 Dlspos•ts Aevaluatlons Tronslers At 311)¢¢embef 2024 1.457.Y06.00 69&00 J,ioJ.so 0.2 D•pr•cl•llgn 1Mpdrn￿Trts At QI lanu•ry 2024 Charge lor the year DIsp9￿ Aevaluatlons 1.177.72 1.279,37 Tran5fer5 A¢ 31 Decernber 2024 1.177.72 l.Z79.37 &3 M•t book v4lu• At 01 l•nuJry 2024 At 31 December 2024 1.457,706.00 4,698.00 5,103.50 457,70&00 3.520.28

4. Cash at bank and In hBnd Ibt•l lur•d$ 2W4 Bulldln9 Pledge Accourt Maln Current kcount Mortyg• Contslbuuon ACco￿t 114.82 7,552.57 2.22B.45 9.a95.14

5. Cr•dltors: Amounts falllng du• after on• y••r Trrt•l fund• 2024 783.113.73 783.113.73
6. Charlty funds 9.1 D•tall• of mat•rl•l funds h•ld •nd rnov•m•nts durfng th• CURRENT r•portlng p•rfod Fund b•l•nc•B G•lni *nd Pund n•ffl•o c•rrJ•d farw4rd Im¥•rtl UnrnBtrkt•d Unr•#trtrt•d G•￿•1￿ Pund• G•n•¢al PUMI 6B9.303.00 310.644.44 305,1557.83 694,289.61 ?.457.09 8 114.92 12 4SY.0g1 691.832.52 689 JOJ.00 JIO 6M44