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2025-06-30-accounts

Registered Charity no.: 1182591

NEW COVENANT CHURCH

Northampton

TRUSTEES REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 June 2025

JASH BURTON B'CHAUCER

Chartered Certified Accountants & Tax Advisors

27 Old Gloucester Street, London, WC1N 3AX

Tel: 0208 611 2684 Web: www.jashburton.com

E1: info@jashburton.com E2: jashburtonb@gmail.com

NEW COVENANT CHURCH Annual Trustees Report and Financial Statements Year ended 30 June 2025

CONTENTS

Page
Legal and administrative information 1
Report of the Trustees 2-6
Independent Examiners' Report 7-8
Statement of financial activities 9
Balance sheet 10
Notes to the financial statements 11-14
Detailed Income and expenditure accounts 15

NEW COVENANT CHURCH Annual Trustees Report and Financial Statements

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Chibuzor Onwuaraghi
Remi Popoola
Oluwole Abe
Chris Okhueleigbe
Kudzaishe Shodunke
Registered office: 38-40 Kettering Road
Northampton
NN3 4AH
Charity number: 118591
Accountants: Jash Burton B’Chaucer
27 Old Gloucester Street
London
WC1N 3AX
Bankers: CAF Bank Plc
Natwest Plc

1

NEW COVENANT CHURCH NORTHAMPTON

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2025 Registered Charity Number 1182591

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a Declaration of Trust 2012.

Organisational structure

The Trustees held 4 meetings in the year under consideration to promote the charity’s strategies and policies. Also, to review the implementation of the various programmes and projects geared towards achieving the charitable objectives, including ensuring activities (existing and new) are permitted within objects.

Risk management

The Trustees continue to identify, review, and manage risks to which the Charity is exposed and to ensure appropriate controls are put in place to mitigate and give reasonable assurance against errors. Board Resolutions were passed, and ongoing review of delegated authority and appropriate processes are in place e.g., approval limits for financial transactions, procurement, and contract services. The charity ensured that policies and procedures that enable the governance of its operations, staff, and volunteers are in place and relevant to existing statutes.

OBJECTIVES AND ACTIVITIES

Constitution, Objectives and aims and Organisation of our Work

The Objectives of the Church is set out in the Declaration of Trust

1) The advancement of Christian Faith in the United Kingdom.

2) Support for general education by supporting the enrichment of education, sponsorship, training, and charitable activities.

3) The relief of persons who are vulnerable and poor, including support and rehabilitation of those who are alcoholics, homeless and habitually indulging in substance misuse in the United Kingdom.

Principal activities

The Principal Activities of the charity are Christian worship and the involvement of various ministries and ministers of religion in propagating the Christian Tenets of faith to members (and nonmembers) who seek to learn and develop an understanding of the Gospel through the various meetings provided by the Church. There is also an extension of the Christian Faith through other direct community outreach programmes provided by the church.

2

NEW COVENANT CHURCH NORTHAMPTON

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2025 Registered Charity Number 1182591

Charitable activities

The Boards of Trustees are pleased to report as follows:

PUBLIC BENEFIT

THE ADVANCEMENT OF THE CHRISTIAN FAITH

The Trustees of the charity having due regard for reporting the 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 many communities focused Outreach programmes and projects providing direct benefits for the public in the United Kingdom. As a charity, we continued to ensure the welfare of our congregation and the communities we serve

Places of worship

The New Covenant Church in 2025 has continued its commitment to the advancement of the Christian Faith in line with its charitable objectives through the provision and maintenance of our place for Christian Worship in the United Kingdom. The continued provision of a place of Christian Worship is an important function of the Charity’s activities which provide members of the public with the ongoing opportunity to grow and develop in the Christian faith, teachings, and principles. We provide a place of worship in person every Sunday, the Sunday service is live streamed on Facebook and YouTube for those who are unable to attend in person for one reason or the other. The church runs a Bible study every Wednesday online on Zoom, Facebook, and YouTube.

Evangelism

Evangelism is a core value and outreach strategy of the church to reach out to communities. During street evangelism, the Evangelism Teams engage with the community informally and direct them to the relevant projects and supporting agencies that will give them needed advice and practical support. The team also refers them to the food bank in the church that is open every Tuesday and Thursday.

Youth Ministry

Young children are involved in age-appropriate bible teachings.

The ministry focused on building self-confidence and raising high self-esteem in each child. This was achieved through teaching, music, and drama sessions. As a ministry, we cater for the spiritual needs of children every Sunday through scriptural teachings.

Also, Sunday School continues to help children enhance their learning of the bible through engaging activities during their lessons.

3

NEW COVENANT CHURCH NORTHAMPTON

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2025 Registered Charity Number 1182591

Public Benefit - continued

Children Ministry

Young children are involved in age-appropriate bible teachings.

The ministry focused on building self-confidence and raising high self-esteem in each child. This was achieved through teaching, music, and drama sessions. As a ministry, we cater for the spiritual needs of children every Sunday through scriptural teachings. Also, Sunday School continues to help children enhance their learning of the bible through engaging activities during their lessons.

RELIEF OF PERSONS IN CONDITIONS OF NEED, HARDSHIP, DISTRESS, SICK OR AGED

The Charity provides relief to persons who are in conditions of need, hardship, or distress or who are sick or vulnerable through its welfare support activities.

Women's Refuge - This is a refuge for women who have suffered domestic abuse. The charity collects a list of women and children who at living at the refuge at Christmas and provides ageappropriate Christmas gifts for everyone on the list.

Christmas Hamper Gift – The Charity offers Christmas hampers to individuals and businesses within our community as a way of sharing the love of Christ our Saviour during this important event celebrated by Christians all over the world.

Pastoral Care & Bereavement Support

The Charity continues to provide care and counselling to bereaved families who have lost loved ones. The charity additionally provides financial help to bereaved families to assist them in such times of difficulty. The charity also provides informal counselling services to members and non-members of the church and students.

RELIEF OF POVERTY

New Covenant Church Northampton work in partnership with Shine CIC to run a Foodbank. People in need come to the church during the week and pick up supplies of tinned food, dry food items and toiletries. The food bank also provides a delivery service for those who are unable to collect supplies in person due to illness or some other reason. An example was a sickle cell lady who at times could be bedridden. The food bank is open on Tuesdays and Thursdays.

New Covenant Church Northampton also work in partnership with Liberty, a ministry under the New Covenant Church where the voluntary expertise of many of the church members is deployed to reach out to the poor and needy, those existing on subsistence level in many parts of the African villages.

4

NEW COVENANT CHURCH NORTHAMPTON

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2025 Registered Charity Number 1182591

STATEMENT OF TRUSTEES RESPONSIBILITIES

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and The New United Kingdom Generally Accepted Accounting

The Law applicable to charities in England and Wales requires the Trustees' to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with all applicable Laws. 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 have complied with the duty in section 17(5) of the 2011 Charities Act to have due regard to guidance published by the Charity Commission (i.e. public benefit statement).

In so far as the trustees are aware:

FINANCIAL REVIEW

The book values of the assets held at the year end are, in the opinion of the Board of Trustees, as stated in the financial statements. Also, in its opinion, adequate assets are available to fulfil the obligations of the charity.

A summary of the result of the New Covenant Church Northampton's activities during the period is given in the Statement of Financial Activities on page 9.

Total income of the charity amounted to £84,081 (2024: £96,050) including income from regular sunday tithes and offering of £74,795 (2024: £86,787).

5

NEW COVENANT CHURCH NORTHAMPTON

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2025 Registered Charity Number 1182591

Total resources expended in the year include direct costs of £28,475 (2024: £30,559) primarily relating to the operational costs of running the charity, and financing costs of £8,914 (2024: £11,722). The governance costs were mainly made up of accountancy fees and legal and professional expenses. The governance costs are approved by the Trustees.

The total funds as at 30 June 2025 was £251,783 (2024: £242,702) majority of which related to unrestricted funds.

RESERVE POLICY

The Charity maintains unrestricted funds, which are the free reserves of the charity, at a level that is at least twelve months of committed expenditure, excluding financing and other costs. Excess unrestricted funds, to the extent represented by liquid assets, will be used to meet recurrent operational costs, except where the Trustees consider that the funds should be retained for possible future projects.

INVESTMENT POLICY

The Trustees have the power to invest in such assets as they deem fit. The charity's investment policy is appropriate to the nature of the funds for which the investment is held. The primary investment aim is to provide a high degree of security and liquidity and to maximise returns whilst adopting a conservative approach.

GRANT-MAKING POLICY

The Charity does not provide grants and therefore do not have a policy on grant-making. The Trustees however, give gifts and donations as an effective means of delivering support and assistance to other programmes that fit within the objectives of the Charity.

INDEPENDENT EXAMINER

A proposal that Jash Burton B'Chaucer be re-appointment as Independent Examiners of the charity will be put to the Board of Trustees at the forthcoming Annual General Meeting.

By Order of the Board of Trustees

Chibuzor Onwuaraghi Chibuzor Onwuaraghi (Feb 19, 2026 18:00:00 GMT)

Chibuzor Onwuaraghi

Trustee

Date: 3rd Day Of December 2025

6

NEW COVENANT CHURCH - BERMONDSEY

INDEPENDENT EXAMINERS' REPORT FOR THE YEAR ENDED 30 JUNE 2025

We have examined the financial statements on pages 9 to 15 for the period ended 30 June 2024, which comprise the statement of financial activities, the balance sheet and the related notes. These financial statements have been prepared under the historical cost convention and the accounting policies set out therein.

The report is made solely to the charity's trustees, as a body, in accordance with Section 44 of the Charities Act 1993. The Trustees of the charity are of a general opinion that audit is not required in accordance with Section 43(2) of the 1993 Act or Section 144 of the Charities Act 2011, and have opted for an independent examination instead.

Respective responsibilities of trustees and examiners

The Trustees, who are also the directors, have responsibilities for preparing the Trustee's Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards. These are set out in the Statement of Trustees' Responsibilities in the Report of the Trustees.

Our responsibility as independent examiners of the charity are:

· to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, · and, to state whether particular matters have come to our attention.

We report to you whether the financial statements have properly been prepared in accordance with the Financial Reproting Standard (FRS) 102 (effective 1 January 2015) and in accordance with the Charities Act 2011.

We also report to you whether the information given in the Trustees' Report is consistent with the financial statements. We consider the implications of our report if we become aware of any apparent misstatements or material inconsistencies with the financial statements

In addition we report to you if the charity has not kept proper accounting records, if we have not received all the information and explanations we require for our work, or if information specified by law regarding trustees' remuneration and other transactions with the charity is not disclosed.

7

NEW COVENANT CHURCH - BERMONDSEY

INDEPENDENT EXAMINERS' REPORT FOR THE YEAR ENDED 30 JUNE 2025

Basis of opinion

Our examination was carried out in accordance with the Genaral Directions provided by the Charity Commission. The examination includes a review of the books and documents other accounting records kept by the charity and comparing these with the accounts presented. Our examination also includes consideration of any unusual disclosures or items in the accounts, and seeking explanations from the Trustees. It is imperitive to state here that the procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair' view. Our report is therefore limited to the statements below:

Independednt examiners' statement

In connection with our examination, we report that no matter has come to our attention, which which gives cause to believe that the following have not been met:

Jash Burton B'Chaucer

............................................................................... JOHN BOYE FCCA

Jash Burton B'Chaucer Chartered Certified Accountants Coleridge Road, Surrey CR0 7BQ

Date: 4th Day of December 2025

8

NEW COVENANT CHURCH - Northampton

STATEMENT OF FINANCIAL ACTIVITIES (SOFA) (INCLUDING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 JUNE 2025

INCOMING RESOURCES
Voluntary income
Donations, tithes and offerings
Other incoming resources
Gift aid receivable
Sundry income
Building fund and rental income
Bank interest
Total incoming resources
RESOURCES EXPENDED
(Costs of activities in furtherance of the
objects of the charity)
Direct Charitable activities
Management and Support activities
Governance costs
Finance costs
Total resources expended
Net movement in funds for the period
Total funds brought forward
Total Funds as at 30 June 2025
Unrestricted
funds
£
74,795
-
-
9,040
245
Restricted
funds
£
-
-
-
-
-
2025
Total
£
74,795
-
-
9,040
245
2024
Total
£
86,787
-
1,850
7,370
43
84,081 - 84,081 96,050
28,475
34,540
3,071
8,914
-
-
-
-
28,475
34,540
3,071
8,914
30,559
38,450
5,566
11,722
75,000 - 75,000 86,297
9,081
242,702
-
-
9,081
242,702
9,753
232,949
251,783 - 251,783 242,702

All of the above results are derived from continuing activities. All gains and losses recognised in the period are included in the above.

9

NEW COVENANT CHURCH - Northampton

BALANCE SHEET AS AT 30 JUNE 2025

FIXED ASSETS
Tangible assets
Current assets
Debtors and prepayments
Cash at bank and in hand
Creditors: amounts falling due
within one year
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after
more than one year
Net assets
Financed by:
Funds
Total funds
Unrestricted
£
285,040
-
75,751
75,751
45,469
30,283
315,322
(63,538)
251,783
251,783
251,783
Restricted
£
-
-
-
-
-
-
-
-
-
-
-
2025
£
285,040
-
75,751
75,751
45,469
30,282
315,322
(63,538)
251,783
251,783
251,783
2024
£
294,056
-
110,489
110,489
40,066
70,424
364,479
(121,777)
242,702
242,702
242,702

The financial statements were approved by the Board of Trustees on 3rd December 2025 and were signed on its behalf by:

Chibuzor Onwuaraghi Sign: ~~…...............................~~ Chibuzor Onwuaraghi (Feb 19, 2026 18:00:00 GMT) ................ Chibuzor Onwuaraghi Trustee

10

NEW COVENANT CHURCH - Northampton NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

1. Principal accounting policies

The following accounting policies have been applied in dealing with items which are considered material in relation to the charity's financial statements.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice (SORP): Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and with the Charities Act 2011

Funds

General funds are unrestricted funds available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purpose.

Tangible fixed assets

Tangible fixed assets are stated at their purchase or revalued amounts, together with any incidental cost of acquisition.

Depreciation is provided on all tangible fixed assets, from the dates they are brought into use, at rates calculated to write off the costs/valuation over their expected useful economic lives as follows:

Land and building 2% cost/valuation
Fixtures and fittings 25% reducing balance
Computer and other equipment 20% straight line

Incoming resources

Voluntary income, comprising donations in the form of regular offerings and tithes, provides core funding. This is recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.

The value of services provided by volunteers is not incorporated into these financial statements. Further details of the contributions made by volunteers can be found in the Trustees' Report.

11

NEW COVENANT CHURCH - Northampton NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

Resources expended

Direct costs comprise those costs incurred by the charity in the delivery of its activities. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Expenditure is recognised on an accruals basis as liability is incurred. Charitable and noncharitable expenditure is allocated to the respective activities and any shortfall is funded from unrestricted funds. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Costs of charitable activities are those costs relating to the activities carried out to meet the objectives of the Church. These include both directly attributable costs and apportioned support costs.

Governance costs

Governance costs are the costs associated with the strategic direction of the organisation and with meeting the constitutional, legal and regulatory requirements of the charity.

2.
Voluntary income
Tithes, offerings and donations
Rental income
Other Income
Mission contribution received
2025
£
74,795
9,040
-
-
2024
£
86,787
7,370
1,850
-
83,835 96,007
3.
Governance costs
The governance costs of the charity consisted of the following:
Accountancy fees
Legal and professional
2025
£
1,500
1,571
2024
£
1,500
4,066
3,071 1,700
4.
Finance costs
Mortgage interest
2025
£
8,914
2024
£
11,722
8,914 11,722

12

NEW COVENANT CHURCH - Northampton

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

5. Net incoming resources

The net incoming resources are stated after charging the following costs:

Depreciation
Independent examiners' remuneration
2025
£
9,014
1,500
2024
£
10,019
1,500

6. Tangible fixed assets

All assets are held for charitable purposes

Cost
Balances b/f
Additions
Balances c/f
Accumulated
depreciation
Balance b/f
Charge for the year
Balances c/f
Net book value
At 30/06/2025
At 30/06/2024
Land &
buildings
£
300,000
-
Fixtures &
fittings
£
3,500
-
Fixtures &
fittings
£
3,500
-
Computer
equipment
£
19,276
-
2025
Total
£
322,776
-
2024
Total
£
322,776
-
300,000 3,500 19,276 322,776 322,776
18,000
6,000
2,023
370
8,697
2,646
28,720
9,016
14,684
10,021
24,000 2,393 11,343 37,736 24,705
276,000 1,107 7,933 285,040 298,071
282,000 1,477 10,579 294,056 308,092
Debtors
Other Debtors
2025
£
-
2024
£
-
- -

7. Debtors

Creditors due within 1 year
Accruals
Mortgage loan
Other creditors
2025
£
1,500
9,234
34,736
2024
£
1,500
13,701
24,865
45,469 40,066

8. Creditors due within 1 year

13

NEW COVENANT CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025

9. Creditors due after 1 year

Mortgage loan 2025
£
63,538
2024
£
121,777

10. Taxation

The church is a registered charity and is not liable to corporation tax on its charitable activities. Gift aid donations for which declarations have been recieved from the respective donors confirming that the given donation be treated as Gift Aid donation are reclaimed by the church ("the Charity").

11. Reconciliation of funds

Unrestricted funds
Restricted funds
Represented by:
Fixed Assets
Current Assets
Liabilities
Balances at
01/07/2024
£
242,702
-
Movement in Resources Movement in Resources Movement in Resources Balances at
30/06/2025
£
251,783
-
Balances at
30/06/2025
£
251,783
-
Balances at
30/06/2024
£
242,702
-
Balances at
30/06/2024
£
242,702
-
Incoming
£
84,081
-
Outgoing
£
(75,000)
-
242,702 84,081 (75,000) 251,783 242,702
2025
£
285,040
75,751
(109,008)
2024
£
294,056
110,489
(161,843)
251,783 242,702

12. Related party transactions

Other than donations and funds received there were no transactions with related parties during the period.

14

NEW COVENANT CHURCH - Northampton INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 JUNE 2025

INCOME
Donations, tithes and offerings:
- Unrestricted
Other income
Interest receivable
Rental income
Sundry income
Building fund
EXPENDITURE
Direct Charitable Costs:
Honorarium
Travelling expenses
Evangelism/outreach work
Welfare support
Training
Conferences and Meetings
Missions
TV, Airtime & publicity
Gift and donations
Management & Support
Insurance
Light and heat
Telephone
Postage and stationery
Computer and internet expenses
Depreciation - Freehold property
Depreciation - Fixture & Furnitures
Depreciation - Computer Equipment
Repairs and renewals
Governance costs:
Legal & Professional
Accountancy fees
Finance Costs:
Loan interest
Surplus for the period
£
£
74,795
245
9,040
-
-
9,285
84,081
3,950
2,424
330
2,781
6,240
8,025
450
2,074
2,200
28,475
3,116
4,639
438
113
6,380
6,000
369
2,645
10,839
34,540
1,571
1,500
3,071
8,914
8,914
75,000
9,081
2025
£
£
86,787
43
7,370
1,850
-
9,263
96,050
550
1,106
400
6,538
12,361
2,916
3,000
1,189
2,500
30,559
2,782
5,725
1,211
183
7,597
6,000
492
3,527
10,933
38,450
4,066
1,500
5,566
11,722
11,722
86,297
9,753
2024
£
£
86,787
43
7,370
1,850
-
9,263
96,050
550
1,106
400
6,538
12,361
2,916
3,000
1,189
2,500
30,559
2,782
5,725
1,211
183
7,597
6,000
492
3,527
10,933
38,450
4,066
1,500
5,566
11,722
11,722
86,297
9,753
2024
96,050
86,297
9,753

15

NCCNorthampton - Accounts 30 June 2025

Final Audit Report 2026-02-19

Created: 2026-02-19 By: John Boye (jashburtonb@gmail.com) Status: Signed Transaction ID: CBJCHBCAABAALJVEvWCpkIc3y7X0NSSrP-TU_h07ldDF

"NCCNorthampton - Accounts 30 June 2025" History

Document created by John Boye (jashburtonb@gmail.com)

2026-02-19 - 5:47:37 PM GMT

Document emailed to Chybuzz (chybuz22@yahoo.com) for signature

2026-02-19 - 5:47:40 PM GMT

Email viewed by Chybuzz (chybuz22@yahoo.com)

2026-02-19 - 5:58:30 PM GMT

Signer Chybuzz (chybuz22@yahoo.com) entered name at signing as Chibuzor Onwuaraghi 2026-02-19 - 5:59:58 PM GMT

Document e-signed by Chibuzor Onwuaraghi (chybuz22@yahoo.com)

Signature Date: 2026-02-19 - 6:00:00 PM GMT - Time Source: server

Agreement completed.

2026-02-19 - 6:00:00 PM GMT