NEW COVENANT CHERUBIM & SERAPHIM MOVEMENT CHURCH
RELIGIOUS ACTIVITIES, EVANGELISM, RELIEF OF POVERTY, TRAINING AND DEVELOPMENT
Objects
A) THE ADVANCEMENT OF THE CHRISTIAN RELIGION (MARK 16:15; MATTHEW 28: 18-20);B) THE RELIEF OF HARDSHIP BY THE PROVISION OF SUPPORT AND OTHER SERVICESEITHER DIRECTLY OR BY THE PROVISION OF SUPPORT FOR OTHER ORGANISATIONSENGAGED IN SUCH RELIEF; ANDC) THE ADVANCEMENT OF EDUCATION OF THE GENERAL PUBLIC BY THE PROVISION OFTRAINING FOR EXAMPLE, INFORMATION TECHNOLOGY, YOUTH DEVELOPMENT,MENTORING AND OTHER DISCIPLINES."
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves of £2,007,630 significantly exceed the charity's stated policy target of £300,000, which is intended to cover one year of operational costs. The charity reports a net income surplus of £2,437 for the year and confirms that assets are adequate to fulfill obligations, with no material uncertainties regarding its ability to continue as a going concern.
What the accounts disclose
“The charitable activities are entirely dependent on continuing grant aid and voluntary donations as well as trading revenues. As a consequence, the going concern basis is dependent on the future flow of these uncertain funding streams.” — page 20
Policies the charity declares
- Bullying and harassment policy and procedures
- Campaigns and political activity policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Engaging external speakers at charity events policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Funders the charity credits
- Bank of England
Property (HM Land Registry)
Register events
- Received assets from another charity (04/12/2013)
Trustees
- AJISAFE, Ann Titilayo
- ALFRED OLADIPO JEGEDE
- Ajoke Biodun ODUMESI
- Aramide Oluwole SHOBANDE
- Moriamo Adegbemijo SHONAIYA
- Olatunbosun Tolulope Aiyere
- Olugbenga Adewale OWOKADE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £448k | £446k |
| 31/12/2023 | £458k | £373k |
| 31/12/2022 | £433k | £265k |
| 31/12/2021 | £373k | £191k |
| 31/12/2020 | £303k | £245k |
Common questions
Is NEW COVENANT CHERUBIM & SERAPHIM MOVEMENT CHURCH financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves of £2,007,630 significantly exceed the charity's stated policy target of £300,000, which is intended to cover one year of operational costs. The charity reports a net income surplus of £2,437 for the year and confirms that assets are adequate to fulfill obligations, with no material uncertainties regarding its ability to continue as a going concern. Its FY2024 accounts were audited by SM Harman Limited T/A Harman & Co.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE JOSEPH AND LILIAN SULLY FOUNDATION | 1 | £10k |
| THE PAUL BASSHAM CHARITABLE TRUST | 1 | £7k |
Charities like this
- NEW COVENANT INTERNATIONAL MINISTRIES CHERUBIM AND SERAPHIM
- ST MARY'S ALADURA CHERUBIM AND SERAPHIM CHURCH
- CHERUBIM & SERAPHIM MOVEMENT CHURCH, MOUNT HOREB INTERCONTINENTAL DISTRICT
- ST MICHAEL CHURCH OF CHRIST (CHERUBIM & SERAPHIM) LONDON
- NEWMARKET COMMUNITY CHURCH
- NEW COVENANT CHURCH BERMONDSEY
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| NEW COVENANT CHERUBIM & SERAPHIM MOVEMENT CHURCH | £448k | — | 0 | above | — | noted |
| NEW COVENANT INTERNATIONAL MINISTRIES CHERUBIM AND SERAPHIM | £70k | — | 0 | unclear | — | no doubt |
| ST MARY'S ALADURA CHERUBIM AND SERAPHIM CHURCH | £36k | — | 0 | unclear | — | no doubt |
| CHERUBIM & SERAPHIM MOVEMENT CHURCH, MOUNT HOREB INTERCONTINENTAL DISTRICT | £92k | — | 0 | unclear | — | no doubt |
| ST MICHAEL CHURCH OF CHRIST (CHERUBIM & SERAPHIM) LONDON | £27k | — | 0 | unclear | — | no doubt |
| NEWMARKET COMMUNITY CHURCH | £104k | Under £50,000 | 0 | above | — | no doubt |