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 Bart￿que held dur*ng the summer. thè thurch Lised •the occas';op, to ",ea:h out to members of the cornmunsty and residert of the a￿a. 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**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**| Page 5 of 10 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 C￿lIty 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** Page 7 of 10 ## **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**| Page 8 of 10 ## **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**| Page 9 of 10 ## **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**| Page 10 of 10