Charity Registration Number : 1190262
NEW COVENANT CHURCH DUNSTABLE
A CHARITABLE INCORPORATED ORGANISATION (CIO)
TRUSTEES’ REPORT
AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
NEW COVENANT CHURCH DUNSTABLE
CONTENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
| Legal and Administrative Information...................................................................................................... | 1 |
|---|---|
| Trustees' Report...................................................................................................................................... | 2 |
| Independent Examiner's Report.............................................................................................................. | 4 |
| Statement of Financial Activities............................................................................................................. | 5 |
| Balance Sheet......................................................................................................................................... | 6 |
| Notes to the Financial Statements.......................................................................................................... | 7 |
NEW COVENANT CHURCH DUNSTABLE
LEGAL AND ADMINISTRATIVE INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2025
Trustees
Peter Olusola Oni Modupe Temitope Afuye Michael Oluwadamilare Olatunji
Charity Number
1190262
Registered Office
39 CHURCHILL ROAD DUNSTABLE LU6 3LU
Bankers
Metro Bank
Lloyds Bank
Independent Examiner
Tobbytox Limited 20 Gilbert Road Belvedere DA17 5DA
Page 1 of 10
NEW COVENANT CHURCH DUNSTABLE
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The trustees present their annual report and financial statements for the year ended 31 December 2025.
The trustees present their report with the unaudited financial statements of the charity for the period ended 31December 2025. This report has been prepared in accordance with the provisions applicable to charity in accordance with the Charities SORP (FRS 102).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
The charity is controlled by its governing document, a Declaration of Trust 1991
Organisational Structure
The trustee holds meetings throughout the year to promote the policies; strategies and the implementation of the various programs and projects geared towards achieving charitable objectives. These are subjected to ongoing reviews to assess outcomes.
Risk Management
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
OBJECTIVES AND ACTIVITIES
The Objectives of the Church is set out in the Declaration of Trust:
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 non-members) 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.
Constitution, Objectives, Aims and Organisation of our Work
The Objectives of the Church are set out in the Declaration of Trust:
1)The advancement of Christian Faith in the United Kingdom and abroad
2) The relief of persons who are in condition of need, hardship or distress or who are sick or aged in the United Kingdom and abroad
3) The relief of Poverty
Charitable Activities
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 commenced involvement with community focused events and projects providing direct benefit for the public in the UK and abroad.
Place Of Worship
The New Covenant church has continued its’ commitment of advancement of the Christian Faith in line with its’ charitable objectives though the provision and maintenance of all our places for Christian Worship in the United Kingdom. The continued provision and place of Christian worship are important functions of the charity’s activities which provided members of the public with ongoing opportunity to grow and develop in the Christian faith, teachings and principles.
Page 2 of 10
Evanoeli.. evangelism is a core value and outreach strate9y of the church to ?( out to communities. Throuoh the church.. annual Bartque held durng the summer. thè thurch Lised •the occas';op, to ",ea:h out to members of the cornmunsty and residert of the aa. The chuKh made drinks. food and other confecbonery available to members of the church and public at largè. Mernbers of the community alike indulge ITr outdoor oames. sporknng Competitions such as ping pong etc. All of these were geared toward5 team and comniunity buildino. The tnjstees havÈ had reqard to the Charity Commission's guidance on the pyblic benefft in managirwj the actSlrities of the charÈty. Chilclfen Ministry The sunday school ministy focused on building sell<onfidence armj rasing high self-esteem in each child. This was achieved throuqh teachin9. music and dance sessions. The thildren ministry continues to cater for spiritlsal needs of thè children every SLtnday through age-appropriate bible stories. scripture tÈaching& The Sunday school helps children enhance their learning of the bible thmugh rnemorization of passages. REFLIEF OF PERSON IN NEED. HARDSHIP. DISTRE55. SICK OR AGED The Charity Continued to provide reliet to peoplè who are in conditions of need. hardship or distress or who are Sick or aoed. New Covenant ChuKh Ounstable also runs a Food Bank Projett, which di5Patches food to the immediate areas of need in our community. We helped to ease the suffering ol members of thè community. The bk ¥•lues ol the fvr¥l held at the year end are. In the oplnion olthe Board of TNstee5. 05 5tsted in the finala1 statemènts. A summary of the sUlts of thÈ NCC Dunstsble's activities during thè period is given ¢n the Statement of eTr¢tal Art¢vIti. knl incnmp <Jf Ihp r.harity arrKInted to £24178.34120?4.. f 37678.671 and t. total fund a% of 3tst Oecember 2025 was £161SO8.79 12024: £IS8608.66). INE)FPFNnFhlT FXAMINFR A Proposal that Tobbytox Limited be rtrappointed as an independent Examiners of the chaiTty will bp put to the Board of Tw#ees at the forthcoming Annual General Meeting. The Trustee are SpOnsIble for keeping proper accouftting Cor{l5 that disclose with reasonable accuracy at any trme the financtal positton of the (harity aNI to erwble them to erIsu tvtèt tl)e financial #atements compty witty the Companies Art 2006. Th Tru5tee5 are also responsible for safeouardino the assets of the charity and hence takino reasonatsle step5 ior the pwention and detertiot) olfraud and other trreqularities. The above report has been preparÈd in accordance with thè provision5 applicable to companies subjett tts small COMleS regimes as a set of the Companies Act 2¢K16 arKf in accordance with the charib.es SQRP IFRS 1021. &gned oft behalf of the board POOni Trustep 28th Aprfl 2026 This report was approved by the trusteès artd signed on its bèhalf by.. Petet OIu501a Onl Date -. 29 Aprll 2026 Paged10
NEW COVENANT CHURCH DUNSTABLE INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 Independer)t ExamIneS Report lo the Trustees of New Covenant Church Dunstable I report to the Chèrlty Trustees on my examlnation of the accounts of the charlty for the year ended 31 December 2025 which consists of the sratement of finènclal attlvltles.balance Sheet and the related notes R•sponslbllltl•s and b•sl% ot r•port As the charity's trustees you are re5pon5ible for the preparation of the accounts In accordance wlth the requlrements of the Charlties Act 20111'the Act'i I report In SpeCt of my examlnatlon of the charSty's accounts tarried out under section 145 of the Act and in cairying out my examlnatlon I have followed all the applicable Directions given by the Chartty Commlssion under sectlon 1451511bl of the Act. Ind•p•nd•nt Ex•mIn•¥ St•t•m•nt The charlty's gross Income exceeded £250,000 and l am quallfied to undertake the examlnatlon by belng a quallfled member of IFA I have completed my examination. I conflrrn that no materlal matter5 have come to my attentlon connectlon wlth the examinatlon (other than that disclosed below *) whlch glves me cause to belSeve that In, any materlal respect.. the accountlng records were not kept In accordance wlth sectlon 130 of the Charities Att.. or the accounts dld not accord wlth the accountlng records,. or the accounts did not comply with the appllcable reqU1MentS concernlng the form and content of accounts Set out in the Charitles IAccovnt5 and Reports) Reg¢Jlatlon5 2008 other than any qUirement that the accounts give a 'true nd fair, view which is not a matter consldered as part ol an independent examination, I have no concerns and have come across no other matters in connection with the extmlnÈtlon to whlch attentlon should be ¢Jrawn In thi5 report in order to enable a proper understandlng of the account5 to be reached. Name.. Tobbytox Llmlt•d Date,. 31 March 2026 Page4 of 10
NEW COVENANT CHURCH DUNSTABLE
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2025
| Total Total Other Raising funds Expenditure on: Charitable activities Total funds carried forward Donations and legacies Net income/(expenditure) Recommended categories by activity Net movement in funds Reconciliation of funds: Total funds brought forward Transfers between funds Income and endowments from: 2 3 4 6 Notes |
3,379.39 4,029.65 650.26 24,034.20 20,654.81 81,175.85 24,034.20 11,180.56 77,146.20 81.22 9,393.04 Unrestricted funds £ |
144.14 623.40 80,332.94 81,462.46 144.14 311.70 311.70 Restricted funds £ (1,129.52) (479.26) (650.26) - |
161,508.79 2,900.13 2,900.13 24,178.34 21,278.21 24,178.34 11,492.26 81.22 158,608.66 9,704.74 Total Funds 2025 £ - |
37,678.63 Total Funds 2024 £ |
|---|---|---|---|---|
| 37,678.63 | ||||
| 4,364.87 8,376.21 1,000.00 |
||||
| 13,741.08 | ||||
| 23,937.55 - |
||||
| 23,937.55 134,671.11 |
||||
| 158,608.66 |
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NEW COVENANT CHURCH DUNSTABLE BALANCE SHEET FOR THE YEAR ENDED 31 DECEMBER 2025 Recommended cattgorles by acllvlty Vnrestrict•d fu#ds R•strict•d lunds Totsl Funds 2025 Total Funds 2024 xed assets Tangible assets Total fixed •5s•ts 368.78 368.78 450.00 568.78 368.78 450.00 Current assets DÈbtors 16.050.00 16.050.00 15.500.00 Cash at bank and in hartd 64,757.07 80.332.Y4 145,090.01 142,658.66 Totsl current ass•ts 80,807.07 80.332.94 161.140.01 158.158.66 Net current assets 80.807.07 80.332.94 161.140.01 158.158.66 Total pet assets 81.17S.85 80,332.94 161,508.79 158.608.66 Funds of the ClIty Llnrestricted fvnds io 81,175.85 81.175.85 77.146.20 Restrirte(I funds io 80.332.94 80,332.94 81.462.46 Endowment funds io Total fund5 81.175.85 80.332.94 161.508.79 158.608.66 The ffinanclal ststements approved by the trustees on 29 April 2026 and signed on its behalf by.. Petèr Olusola Onl Date '. 29 Aprfl 2026 Page sof 10
NEW COVENANT CHURCH DUNSTABLE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
1. Accounting Policies
The principal accounting policies adopted by the Charity, which is a public benefit entity, in the preparation of the accounts are as follows.
1.1 Basis of preparation
These accounts have been prepared under the historical cost convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation.
These accounts have been prepared in accordance with “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
These accounts are presented in pounds sterling and rounded to the nearest pound.
1.2 Going concern
The Trustees have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the accounts.
2. Income from Donations and Legacies
| 3. Expenditure on Raising Total Total Gift Aid Donation and gifts Analysis Analysis Support Costs Central Ofce Contribution Rent collection, property repairs and maintenance charges Unrestricted funds 19,100.96 4,933.24 £ 24,034.20 |
Funds Unrestricted funds 9,074.56 £ 318.48 5,476.06 3,598.50 - 9,393.04 Restricted funds 144.14 £ 144.14 |
630.18 5,476.06 3,598.50 9,074.56 £ Total funds 2025 9,704.74 £ Total funds 2025 19,245.10 4,933.24 24,178.34 |
£ Total funds 2024 21,661.01 16,017.62 |
|---|---|---|---|
| 37,678.63 | |||
| 3,508.00 £ Total funds 2024 856.87 3,508.00 - |
|||
| 4,364.87 |
3. Expenditure on Raising Funds
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4. Expenditure on Charitable Activities
| 5. Support Costs 6. Other Expenditure Total Total Training Analysis Analysis Analysis Insurance Donations Donations Honorarium Support Costs Support Costs Cost of services Accountants fees General Transport Governance Costs Printing and stationery Legal/professional fees Depreciation Charge for the Year - Computer Equipment |
9,662.08 £ £ 81.22 300.00 1,882.64 5,303.43 1,040.01 1,136.00 1,518.48 81.22 11,180.56 Unrestricted funds Unrestricted funds - |
9,662.08 £ Total funds 2025 300.00 1,882.64 5,303.43 1,040.01 1,136.00 1,830.18 11,492.26 £ Total funds 2025 623.40 636.95 1,200.00 - 6,319.34 £ £ Total funds 2024 Total funds 2024 783.98 664.06 400.00 407.96 190.56 1,105.30 3,366.00 2,056.87 1,115.22 1,200.00 8,376.21 |
6,319.34 £ Total funds 2024 783.98 664.06 400.00 1,105.30 3,366.00 2,056.87 |
|
|---|---|---|---|---|
| 8,376.21 | ||||
| 2,460.35 2,913.74 |
||||
| - £ Total funds 2025 81.22 81.22 |
£ Total funds 2024 1,000.00 - |
|||
| 1,000.00 |
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7. Tangible Fixed Assets
| 9. Cash at bank and in hand 8. Debtors: Amounts falling due within one year Total Total Analysis Transfers Transfers Additions Disposals Disposals Revaluations Revaluations Other debtors At 01 January 2025 At 01 January 2025 At 01 January 2025 Charge for the year 7.3 Net book value Analysis of Debtors Lloyds NCC Dunstable At 31 December 2025 At 31 December 2025 At 31 December 2025 7.1 Cost or valuation Metro Bank Community Account 7.2 Depreciation and impairments £ 16,050.00 £ 65,407.33 79,682.68 Total funds 2025 Total funds 2025 145,090.01 16,050.00 |
81.22 £ 450.00 368.78 81.22 450.00 450.00 Computer Equipment £ 15,500.00 Total funds 2024 - - - - - - - - |
|
|---|---|---|
| 15,500.00 | ||
| £ 61,846.46 80,812.20 Total funds 2024 |
||
| 142,658.66 |
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10. Charity funds
| 10. Charity funds | ||
|---|---|---|
| 10.2 Details of material funds held and movements during the period 10.1 Details of material funds held and movements during the Total Total General Fund Restricted funds Restricted funds General Fund Restricted funds Restricted funds Fund names Fund names Unrestricted funds Unrestricted funds 158,608.66 134,671.11 £ £ 77,146.20 81,462.46 73,208.65 61,462.46 Fund balances brought forward Fund balances brought forward £ £ 24,178.34 37,678.63 Income Income 24,034.20 37,678.63 144.14 - £ £ 21,278.21 13,741.08 Expenditure Expenditure 20,654.81 13,741.08 623.40 - |
PREVIOUS reporting CURRENT reporting period £ £ 20,000.00 650.26 Transfers Transfers - - (20,000.00) (650.26) 161,508.79 158,608.66 £ £ 81,175.85 80,332.94 77,146.20 81,462.46 Fund balances carried forward Fund balances carried forward |
|
| 158,608.66 |
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