Regislered Charity. Number '. 1190262
NEW COVENANT CHIJRCH DIINSTABLE
A CHARITABLE INCORPORATED ORGANISATION
TRUSTEES. REPORT
AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024

NEW COVENANT CHURCH DUNSTABLE
LEGAL AND ADMtNISTRATIVE INFORMATION
li
FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees
Peter Olusola Oni
Modupe Temitope Afuye
Michael Oluwadamilare Olatunji
1190262
Charity Number
Regiytered Offiee
39
CHURCHILI. ROAD
DUNSTABLE
LU6 3LU
Bankers
Melro Bank
Lloyds Bank
Tobbytox Limited
20
Gilbert Road
Belvedere
DA17 5DA
Independent Ex8miner

NEW COVE]YANf CHURCH DUNSTABLE
coNrENrs
FOR THE YEAR ENDED 31 DECEMBER 2024
Truglees, Report
Independent Examtnevs Report
Sialement of FinoJ]icai A¢tiiilies
Baiance Sheet
Notes to the Financia] Statements

NEW COVENANT CHURCH DUNSTABLE
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Irustees present their annual report and financial statements for the vear ended 31
December 2024 .
The tnLStee5 prosfflt Iheir report M'iih the Lm&udiled financial slalements of the charil). for the
period ended 31December2024. This report has been prq)ared in accordance ll'ith the
prokisions appli¢able 10 chatity in accordance ivith the Charities SORP (FRS 102).
STRucfuRE, GOVERNANCE AND MANAGEMENT
Goi'emin8 Document
The ¢hariti' is controlled by its governing document, a DeClar￿lon of Trust 1991
0r8anisatt.onal Structure
The trustee holds meetings throughout the }'ear to promote the policies: Strategies and the
implementation of the i'arious programs gnd projects geured toii'ards achiei'ing charitable
objeth. i'es. These ar¢ subjected to ongoing revieivs lo assess outcomes.
Risk Management
The Trusl¢es are responsible for keeping proper a¢counling records Ihai disclose iiryth
reasonable accurw. at w)y lime the financi41 position of the charity and enable ihem to
ensure that the financiat slalements compl). iiiih the Companies Act 2006. The Trustees are
also responsible for safeguarding the &8$ets of the charih. and hence tak'ing re&sonable steps
for the prei'enlion and deleclion of fraud and other irregujarities.
OBJECTIVES AND ACTIVITIES
The Objeclii'es of the Church is set out in the Declarkn'on of Trusl..
The principal ￿tiN'ltieS of the Charity are Christiart Worship and ini'olvement of various
ministries and ministers of reliwon in propagalin8 the Christian Tenels of faith to members
(and non-members) M'ho seek lo learn and dei'elop an understanding of the Gospel through
the various meelings proyided b!. th¢ thurch, There is a150 an eilension of the Christian Faith
through other direct communil). outreach programmes provided bv the church.
Consttiuiion, ObjethiN'es. Aims and Or8anis&tion of our Work
The Objeth'i'es of the Church are set out in the Declaratiort of Trust.,
l)Th¢ adi'anceM￿I of Christi8n Faith in the unli￿ ￿'ngdoM and abroad

2) The relief of persons Ii'ho are in condition of n•J. hardship or distress or ivho a￿ sick or
aged in the United ￿"ngdoM and abroad
3) The r¢liefof Poverty
Clwiiable Aclii'ities
The Board ofTrustees are pleased lo report as follows..
PUBLIC BENEFIT
THE ADV ANCEMENT OF CHRISTIAN FAITH
The Trustees of the Charity, having due regard for the reporting of public benefit provided
bi, the Charity in line M'ith the ChaTities Act 201 l. Rre pleased to report that the ¢hurch
commenced inioli'ement iiiih communit!, focused #i'onts and projects proi'idin8 direct
benefil for the public in the UK and abroad.
Place Of Worship
The Nem. Covenant church ha8 continued its. commitment of adi'ancemenl of the Chrisiian
Faiih in line w'ith ils charitable objeciives though the provision and maintenance of a]1 our
places for Chrislian Worship in the Uniied Kingdom. The continued proi'ision and place of
Christion Morship are importanl functions ofthe Charity s a¢iii"ilies ii,hich proi'ided members
of the public Mith ongoing opportunity 10 8roM' develop in the Christian faith, iea¢hin8S
and principles.
Evangelism
Evangelism is a core i'aiue and oulreach strat￿. of the church to reach oui io communities.
Through th¢ thur¢h's ar￿u￿ Barbeque held during the summer. the church used the occasion
io reach out lo memb￿9 of ihe ¢ommunili' and resident of th¢ area. The church made drink5,
food ttnd other confectt'onery. 81'ailable 10 members of the church and th¢ public at large.
Members of the community, alike indul8e in outdoor games, sporting compeiiiions such as
ping pong elc, All of these ii'ere seared loii'ard5 team and comrnunity, building. The trustees
hai'e had Tegard to the Chanty Commission s guidance on the publi¢ benefit in managin8
the acliwilies ol the charih..
Children Ministy
The Sundas, sthool ministry focused on building self-oonfidence and raising high self.esteem
in each child. This ivas achiei'ed Ihrough leaching, music and danc¢ sessions. The children
ministi?. continue5 to cater for spiritual needs of the children ei'ery. Sunda!. through u8e-
appropriate bible stories, sciipture teachings. The Sunda!. school helps children enhance their
learning of the bible through mem0ri7ation of passases.
REFLIEF OF PERSON FN NEED, HARDSHIP. DISTRESS. SICK OR AGED

The Chants. cohunwd io proi'ide i¢li¢f io lit￿ are In of ne•l. Iwd5hip or
th'siiess or aTe 51ck' or a%ed Cui Chw¢h tknsi•ble a Food Bank
PIoJ¢d. iithjch th¥•thes fcod ioihe Inun￿1￿* wtas of nrtd in coffrnwts.. wel￿￿￿
o•M thE SUtTwin8 of memt4rs o(** ¢thnnMmiT¥.
FINANCIAL HEVIEW
The bty)k (lthe r￿d$ li the>"¢llr4rA1 n In theopmicm ofthe Ilowd ofTrw*
a% Sthied in the fin￿1￿ of the Y¢sults of the licc Dwuubie'i
iiiitses d￿fil the Is pien m the ofFillxKid Acfii'1114>. Tcrf•l hrKoff* ol
the ¢h•nry •n¥N•i•8 10 £37,678 6312023 £576fA)l thl the li￿1 ot31J1 Dwmb
JJ24 £158.IlJ8 lJ123' £1369711
IN'DF.PENDEKf EXAMINER
A Pr￿￿ ToE&'io¥ Linu*l be rePaFyTrni￿ os w) ind¢Fatsbi Ex•wners of the
th4nt)' yill bt io Ihe Bwd of Tfttyiee w the forth¢<*ninB Ann￿￿ GeDornl M¢asn&
Th¢ Tnbtee ire r•wuible for Le4PirtR rxorth th* dI￿the with
r4•srns￿t It iirne the of the 10 on•ble
swe th¥ the lwem￿ts <¢xhFl% iiiih th Cthnwb¢s Aci 2(Mkn Tr Tn￿1¢¢5 are
reswmsiblt for Sire￿ding the Or￿1¢d￿￿ •d h￿¢* tsKin8 remtymble ¥
ror I￿ pre4ffiuon ￿LI of fwwd othor ifrn8dthtsM. I" I '.
Th¢ abo1¢ repm h¥ b¢th piepar•l in With th• pr￿1$70r￿1 applicabl• tr*
comwie5 subjeo iu Sm￿1 ¢ornpwues rewnw 4% 4 of Comwie5 Aci 2IXkn in
¥¢(¥d*K• iiith th¢ Chmiiw SORPIFRS 1021
Si8Md M bohdfoftht ts)¥d
PO(kni
Trum#
jl)thJ￿ 2023
Pther Olwdooni
Tn¥te¢
DM# l¥ Jth, 2025

NEW COVENANT CHURCH DUNSTABLE
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
Independent Examiner's Report 10 the Trusiees of Neil. Coi'enant Church Dun5table
l am qua]ified lo undertO￿e the examination b). being a qualified member of IFA. I report lo
the Charit). TrLL51e¢s on m! eiaminalion of the accounls of the charitt. for the )'ear ended 31
December 2024 iihich ¢0tt51Sts of the sialement of financial aclivities. balance sheel and the
related notes
Re5pon5ibilitieJ And b4$1¥ of repoi*
As the charits s Irusiees vou are responsible for the preparation of the accounts in accordance
M'iih the requirements of the Charities Acl 2011
I report in respect of mi. examination of the charih s accounts carried out ifftder section 145
of the Act and in carJ?'ing out ms, oxaminaiion I haTre folloii'ed ajl the applicable Dire¢lions
given by the Charirj. Commission under section 145(5)(b) of Ihe Aci.
Independent examlners statemen¢
I hai'e ¢ompleied m), eiaminaiion. l Confirm th￿ no materiaI matters hai'e come to m),
attention in Connection with the examination ivhith gil'es me cause lo believe that in, Any
material respect..
the accounlins records ivere noi kept in accordance iNith section 130 of the Charities
A¢1; or
the a¢counls did nol a¢cord with the accounting r￿OrdS. or
the account5 did not compli. w'ith the applicable requirements conceming the fomi
and ¢ontent of accounis set out in the Charities (Accounts and Repons) Regulations
2UU8 other than anv requirement that the accounts sii'e a 'true and fwr i'ieii. Ivhich
is noi a matter Considered as part of an independent ekaminalion.
I haTr¢ no concerns and hai'e come across no other matters in connection ii'iih 1he
¢xaminaiion to ithich attention should be draiNn in thi5 report in order lo enable a
proper understanding of the accounts to be reached.
Name. TOb￿.tOA Limited
Date. 18 Juts. 2025

NEW COVENANT CHURCH DUNSTABLE
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
Reeon)mended
Categories by activity
Unrestrieted
funds
Restricted
income funds
Total Funds
2024
Notes
In¢ome and
endowments from:
Donations and
legacies
37,678.63
37,678.63
Total
37,678.63
37,678.63
Expenditure on:
Raising funds
4,364.87
4,364.87
Charitable activlties
8,376.21
,376.21
Other
I,000.00
1,000.00
TotAI
13,741.08
13,741.08
Net
In¢omel(expendlture)
23,937.55
23,937.55
Transfers between
fund5
(20,000.00)
20,000.00
Net mov¢m¢nt In
funds
3,937.55
20,000.00
23,937.55
Reeonciliation of
funds:
Total funds brought
forward
73,208.65
61,462.46
134,671,11
Total funds carried
forward
77,146.20
81,462.46
158,608.66

Rttoinni*iid¢d CAiQ%Ori*i bi.
Xthti'iritd
in¢onie
I niriiii¢itd
Triindi
F IiL'Ct
441I.IM
4411.iMI
1$
111 61.146.Zn
Al.462.46
142.64B.66
7b.696.211
111.462.46
IU.148.66
76,6Q6.21
111,462.46
146.2t)
111.462.46
.20
7Y 14b.10
RLb4iTl¥lL+d In¥iim¢ IlUiil%
1.4fy1.46
81.4b2.46
Toilll fiJnd*
ry 146.21)
111.462.4ts
1411.N18.66
bvliaif b,
Peier Olulfila Oni
Trusie¢
D￿t I x Juli •ll?4

NEW COVENANf CHURCH DUNSTABLE
NOTES TO THE FINANCL4L STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
l. Accounting Polities
The principal accounting policies adopted bl, the Charity, Ivhich is a public benefii miits",
in the preparaiion of the accounts are as follows.
1.1 BRsis of prepAfAlion
These accounls have bw) prepared under the hisloricai cost coni'enlion, as modified by
the inclusion of tharitable properties and fixed assel ini'estment5 and ini'eslmenl
propertie5 at i"atuation
These accounts have been prepared in accordance ￿'ith "Accounting and Reporting b).
Charities.. Sialemeni of Recommended Practice applicable 10 charities prepwing their
accounis iti a¢¢ordance Aith Ihe Finan¢ia] Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102)" (effectii e l J8nuan' 2019)- (Charities SORP {FRS 1021),
Ihe Financial Reporting Standard applicable in the UK and Republi¢ of Ireland (FRS 102)
and Ihe Charities Aci 201 L.
These accounts are present¢d in pounds sterling and rounded to th¢ neare51 pound.
1.2 Going Concern
The Trustee5 hai'e prepared financial projections, tak-in8 into consider8tion the ¢urrenl
economic Condilions and have, al the time of approfv'in8 Ihese accounls, a reasonable
expeclalion Ihai the charil). has adequale resources lo continue in operational exisien¢e for
the foreseeable future. Thus, th•. continue lo adopt the goi￿ concem bu5is of accounliny
in preparin8 the accounls.
1.3 Income from donations or grants
Income from donations and grants is recognised when the tharity 1$ enliiled to the funds,
Ihe receipt is probable, and ihe amount can be measured reliabl!.. For donations, this is
usua]li' on receipt. For grants, this is usually M'hen a formal o'er is made in Mriting. If a
donation or grani contains terms and conditions outside of the chariti, s control ii'hich musi
be mel before the chariti. is enliiled to Ihe funds, or if the donor specifies that the funds must
be used in fuiure tim¢ periods, the income is deferred.
1.4 Legacies
Legacies are included in the SOFA ivh¢n teceipl is probable, that is. ii,hen there has been
grant of probaie. the executors hai'e established that there we sufficient asseis in Ihe esiat¢
and ani, condiiions attached lo the lega￿. are either iiithin the control of the chaTih' or hai'e
been met.

1.5 Tax reelaims on donations and gifts
'ft Aj'd re¢eii'able is included in income ivhen there is a valid declaralion from the donor.
Any Gift Aid amount recoi'ered on a donation is considered lo be part of that g]fi and is
treated ILS an addition to the same fwid os the initial donation unless the donor or (he temis
of the appeal have specified oth¢rni'ise.
1.6 Expenditure
Expenditure is re¢o8nised ii,hen a present legal or conslruciii'e obligalion exisis at the
balance sheet date ￿ a result of a past ei'enl, il is probable that & transfer of economic
benefils i￿11] be required to seiile the obli8alion, and the amount ¢an be eslimaled reliably.
Et is inclusii'e of VAT ii'hich cannol be y￿01'ered.
Direct cosis are those wsts M'hieh th'rectlv attribute 10 its acrii'ities. Wages and sdaTies are
allocated 10 direct ¢osts based on an e51imate of lime speni on charitable activities bN' Staff
members.
Support cosis in¢lude staff costs and are those M'hich do not produce a direct output, Staff
costs relate lo specific actii.ilies and this is reflect￿1 in the allocation of paN'roll ¢o$is
based on the percentage of lime speni.
All costs, including goi'ernonce costs, are allocated bettveen the expenditure caiegories of
the charil). on a basis designed to reflect the use of Ihe resource, Costs relating lo a
particular a¢tii'ity' are charged diredly; others are apportioned on an appropriate basis.
Support costs and oi'erheads have been ¢al¢ulaled bv a]Iocv¢tin8 slafftime 10 the level of
ini'olvemeni in the i'anous actii'ilies of the Charits..
1.7 Fund accounting
Unreslricled funds are tho$e fLfftds H,hith ure available for use at the dis¢retion of the
T￿￿teeS in furtherance of the general ObJ￿tIl.es of the charity. and ￿'lu.Ch hai'e not been
designaled for other purposes.
Reslricled funds are funds ivhich are to be used in ￿COrdanCe iN'iih specific restrictions
imw)sed M. donor5, or ii,hich hai'e been rwsed by the charity for particular purposes.
1.8 Tangible fixed assets
Tangible fixed &£sels, such as land and buildings, plont. i'ehicles and equipmeni, are held
to proi'ide an on-going economic benefit lo a charih. through their Contributio￿ directls. or
indirecili., to the proi'ision ofgoods or serl'ices ￿. the charity..
Tangible fixed assets, other than freehold land, are stated at cost or i aluation less
depreciation and Ani. proi'ision for impairnient. Depre¢ialion is prolided at raies
calculated lo iwite off the cost or I'aiuaiion of filed &ssets, less their egtimaled residual
i'alue, oi'¢r their t￿pe￿ed useful lii'es on the following b&8is'.

Name
Computer
Year
Method
Reducing Balance
18
1.9 Debtor5
Debtors (including members in need) are m¢asured at the value lend with out any interest
applicable less any amount already repaid by the borrower to reduce the advance given by
the charity. Subsequently, they are measured at the amount of loan exp¢ct¢d to b¢ paid back.
2. Income from Donations and Lega¢ie$
Anaty8iJ
UDr¢stri¢ted funds
TotY41 funds 2024
Donation and gifts
Gift Aid
21,661.01
16,017.62
37,678.63
2l,661,01
16.017.62
37,678.63
3. Expenditure on Raising Funds
Analysly
Total funds 2024
Rent collection, property repairs and maintenance charges
Support Costs
3,508.00
856.87
4 J64.87
4. Expendlture on Charitable Activities
TotAI funds 2024
Analysis
Cost of services
Donations
Legallprofessional fees
Honorarium
Training
Support Costs
1,105.30
783.98
664.06
400.00
3,366.00
2,056.87
8J76.21
5. Support Costs
Tot21 funds 2024
AD21y$is
Printing and stationery
Insurance
General Transport
407.96
1,115.22
190.56

Governance Costs
Accountants fees
1,200.00
2,913.74
6. Other Expenditure
Anatysi8
Unrestricted funds
Total funds 2024
Donations
1,000.00
1,000.00
1,000.00
1,000.00
7. Detalls of certain Items of Expendlture
This year
Last year
Independent examlner'g fees
Assurance s¢rvic¢s other than audit or
independent ex￿MInatIOn
Tix advisory fee9
Other fees (for example: financial Yddvlce,
consultincy* 8¢COUlltancy servicey) paid to the
independent examiner
1200
1200
8. Tangible Fixed Assets
Computer
Equipment
8.1 Cost or valuatlon
At 01 January 2024
Additions
450.00
Disposals
Revaluations
Transfers
At 31 December 2024
450.00
8.2 Depreciation and impairments
At 01 January 2024
Charge for the year
Disposals

Revaluations
Transfers
At 31 December 2024
8.3 Net book value
At 01 January 2024
At 3 l December 2024
4SO.00
9. Debtors: Amounts falling due within one year
Total funds 2024
Other debtors
15,500.00
15,51)0.00
10. Cash at bank and In hand
Total fund$ 2024
M¢tro Bank Community Account
Lloyds NCC Dunstable
61,846.46
80,812.20
142,658.66
I l. Charity funds
11.1 Detalls of material funds held and movements durlng the CURRENT
reporting period
Fund
balan¢¢s
brought
forward
Fund
bglances
carried
forivard
Gains
nd losses
Fund names
Income Expenditure Transfers
Unrestricted
funds
Genernl
Fund
Restrieted
income
funds
Restricted
Income
Funds
Total
73,208.65 37,678.63
13,741.08 (20,000.00)
77,146.20
61.462.46
20,000.00
81,462.46
134.671.11 37,678.63
13,741.08
158,608.66

11.2 Transfers between funds
This Year
Amount
Between unrestricted and Testricted funds
20,000.00
Between endowment and restricted fund5
Between endowment and unrestricted funds