NEW COVENANT CHURCH THE LIGHT
Charity Reg. No: 1207958
TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
NEW COVENANT CHURCH - THE LIGHT Reports and Accounts for the period ended 30 April 2025
CHARITY REGISTRATION NUMBER IN ENGLAND AND WALES
1207958
CHARITY REGISTRATION NUMBER IN ENGLAND AND WALES Reports and Accounts
CONTENTS
| Charity Information | 1 |
|---|---|
| Trustees' annual report | 2-5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to Accounts | 9-11 |
NEW COVENANT CHURCH -THE LIGHT Charity Information
Trustees
Judith Ihonor- Chair - appointed 22/04/2024 Abiola Olatokunbo Fernandez - appointed 22/04/2024
Charity Registration No: 1207958
Accountants
Toda Consult 19 York Road Northfleet Kent DA11 9PU
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NEW COVENANT CHURCH - THE LIGHT
TRUSTEES' REPORT FOR THE YEAR ENDED 30 APRIL 2025
The Trustees submit their annual report and the financial statements of New Covenant Church- The Light (the church) for the year ended 30 April 2024. The Trustees confirm that the annual report and financial statements of the church comply with current statutory requirements, the requirements of the church's governing documents and the provisions of the Statement of Accounting and Reporting by Charities: Statement of Recommended Practice applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND
Objectives and aims
The objectives of the church are set out in the CIO document registered 22 April 2024. 1.To advance the Christian Religion for the benefit of the public through the holding of prayer meeting, lectures, public celebration of religious festivals, producing and distributing literature on the Christian Faith to enlighten others about the Christian Religion.
2.To prevent and relieve poverty for the public benefit by providing funds, goods and services in such parts of the United Kingdom or the world as the Trustees from time to time may think.
Significant activities
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 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.
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NEW COVENANT CHURCH - THE LIGHT
OBJECTIVES AND ACTIVITIES
Public Benefit Statement
The Trustees, having due regard to the Charity Commission’s guidance on reporting public benefit in accordance with the Charities Act 2011, are pleased to confirm that the church is still in the early stages of development and has not yet commenced active involvement in community ‑ focused activities. As a result, the charity has not yet undertaken events or projects that provide direct public benefit within the UK or overseas.
The Trustees remain committed to ensuring that all future activities, programmes, and outreach initiatives will be designed to deliver clear and measurable public benefit in line with the charity’s purposes and statutory requirements.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing documents, a deed of trust and constitues an unincorporated charity.
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NEW COVENANT CHURCH - THE LIGHT
Report of the Trustees for the Year Ended 30 April 2025
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes unincorporated charity.
Recruitment and appointment of new trustees
Recruitment and appointment of new trustees
In making the appointments, the CIO's governing document is checked to ensure that the new trustees are appointed in a proper and legal way.
Preferred candidates, with the required expertise and skill set, are identified and invited to be the first charity trustees. (Subject to formal vetting and approval by the full trustee board.)
Potential trustees are vetted. Checks are carried out to ascertain candidates have not been disqualified from acting as trustees, and candidates are asked to confirm in writing that this is the case.
Candidates are asked to consider and declare any existing or potential conflicts of interest. Appropriate checks from the Disclosure and Barring Service are conducted.
In the light of the checks and declarations, the trustees decide to go ahead and formalise the appointment of new trustees.
Trustees meet and make a decision on the appointment of each new Trustee and the office they hold.
All new trustees are given a copy of the CIO's governing document and all relevant documents and guides from the Charity Commission.
All new trustees are introduced to the church and the office they hold.
Organisational structure
The board of trustees works closely with the management team and other advisers who promote the objectives of the charity. The charity also collaborates with the New Covenant Charity 1004343 where our objectives align. The board of Trustees hold meetings and direct the pastoral team to promote the policies, strategies, programmes and projects that are geared towards achieving the charity's objectives.
Trustees
Mrs Judith Ihonor
Mrs Abiola Olatokunbo Fernandez
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Trustees' Responsibilities in Relation to the Financial Statements
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and regulations.
The Charities Act 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 charity and of the surplus or deficit of the charity for that period. In preparing these financial statements, the trustees are required to:
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a) Select suitable accounting policies and apply them consistently;
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b) Make judgements and estimates that are reasonable and prudent;
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c) State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements.
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d) Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
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 the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking any reasonable steps for the prevention and detection of fraud and other irregularities.
Approval
This report was approved by the Board of Trustees and signed on their behalf by:
Signature Mrs O J Ihonor
Name: Mrs Judith Ihonor
Date: 25-Jul-26
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF NEW COVENANT CHURCH - THE LIGHT
Independent examiner's report to the trustees of New Covenant Church - The Light
I report to the charity trustees on my examination of the accounts of New Covenant The Light (the Trust) for the year ended 30 April 2025.
Responsibilities and basis of report
As the charity trustees of the Trust, you are responsible for the preparation accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1 accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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2 the accounts do not accord with those records; or
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3 the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Oludare Agbola
Toda Consult Accountants 19 York Road Northfleet Kent DA11 9PU 24-Jul-26
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NEW COVENANT CHURCH - THE LIGHT Statement of Financial Activities for the year ended 30 APRIL 2025
| 2025 | |||||
|---|---|---|---|---|---|
| Notes |
Unrestricted | Restricted | Total | ||
| £ | £ | £ | |||
| Incoming Resources | |||||
| Incoming resources from generated funds: | |||||
| Voluntary income | 2 | - | - | - | |
| Other income | 3 | - | - | - | |
| Total Incoming Resources | - | - | - | ||
| Resources Expended | |||||
| Charitable activity expenditure | 4 | - | - | - | |
| Support and finance costs | 5 | - | - | - | |
| Governance costs | 6 | 200 | - | 200 | |
| Total Resources expended | 200.00 | - | 200.00 | ||
| Net Incoming/(Outgoing) Resources for the yea | - | - | - | 200.00 |
|
| Total funds at 1 May 2024 | - | - | |||
| Prior year adjustment | - | - | - | ||
| Total funds at at 30 April 2025 | - | - | - | 200.00 |
All disclosures relate to the continuing operations. There are no recognised gains or losses other than those disclosed above.
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NEW COVENANT CHURCH - THE LIGHT Balance sheet as at 30 April 2025
| Notes CURRENT ASSETS Debtors 7 Cash in Hand and Bank CREDITORS: 8 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS ACCUMULATED FUNDS Unrestricted 10 Restricted 10.1 TOTAL FUNDS Amount falling due within one |
30.04.2025 Unrestricted Restricted Total funds £ £ £ - - - - - - |
|---|---|
| - - - 200.00 - - 200.00 - |
|
| 200 - - 200 - |
|
| 200.00 - - 200.00 - |
|
| - 200 - - - - |
|
| - - 200.00 - |
The financial statements were approved by the Board of Trusteess and authorised for issue on 24/ 07 /2026 and were signed on its behalf by:
Signature Mrs O J Ihonor
Name: Mrs Judith Ihonor Date: 25-Jul-26
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NEW COVENANT CHURCH - THE LIGHT Notes to the financial statements for the period ended 30 APRIL 2025
1 ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
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 purposes.
Further explanation of the nature and purpose of each funds is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight-line basis over the period of the lease.
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continued...
NEW COVENANT CHURCH - THE LIGHT Notes to the financial statements for the period ended 30 APRIL 2025
| 2 Voluntary Income: Donations Tithes & Offerings Gift Aid 3 Other income Deposit account interest Grant EXPENDITURE 4 Charitable activities Travelling expenses Postage and stationery Welfare expenses NCC Events, conferences and retreat Music and worship expenses Religious trainings Mission 5 Support costs Management Rent Honorarium Finance Contribution to Centre Professional Fee Bank and finance charges Information technology Software, website and IT expenses Telephone & fax & internet Other Repairs and maintenance 6 Governance costs Auditors' remuneration for non audit work |
2025 £ - - |
|---|---|
| - | |
| 2025 £ - - |
|
| - | |
| - - - - - - - |
|
| - - - |
|
| - - - - |
|
| - - - |
|
| - - 200 |
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continued...
NEW COVENANT CHURCH - THE LIGHT Notes to the financial statements for the period ended 30 APRIL 2025
| **7 ** | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | |||
|---|---|---|---|---|---|---|
| 30/04/2025 | ||||||
| £ | ||||||
| Trade debtors | - | |||||
| **8 ** | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||||
| 30/04/2025 | ||||||
| £ | ||||||
| Accrued accountancy fee | 200 | |||||
| **9 ** | MOVEMENT IN FUNDS | |||||
| Net Movement | ||||||
| **At 1/05/2024 ** | In funds | At 30/04/2025 | ||||
| £ | £ | £ | ||||
| Unrestricted funds | ||||||
| General fund | - | 200 |
- | 200 |
||
| Restricted funds | ||||||
| Restricted Fund | - | - | ||||
| TOTAL FUNDS | - | - | 200 |
- | 200 |
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Restricted Fund TOTAL FUNDS |
Incoming Resources Movement resources expended in funds £ £ £ - 200 200 - - - - |
|---|---|
| - 200 200 - |
UNRESTRICTED FUNDS
These are grants and donations received or receivable for the objects of the charity without restrictions as to purpose but are available as general funds.
RESTRICTED FUNDS
Restricted funds are used for the purpose as specified by the donor. Expenditure that meets these criteria is identified to the fund.
7 RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 April 2025.
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