NEWDAY MINISTRIES CHRISTIAN CENTRE
The objective of the charity is to advance the Christian religion throughout the world and to undertake such other charitable purposed as the trustees shall from this time determine. The principal activity of the charity is the provision of a place of worship at the Churchill Room, Wanstead Library, London, E11 2QR.
Financial health, per its FY2025 accounts
The accounts state that the charity achieved a net surplus of £33,792 for the year ended 31 March 2025, bringing total unrestricted funds to £589,842. The trustees consider this level of funds to be appropriate for pursuing objectives, supported by a reserves policy aimed at maintaining financial flexibility against reliance on voluntary donations. The going concern basis is confirmed with no material uncertainties identified.
What the accounts disclose
“It is the trustees’ view that it is prudent to maintain the forecasted level of reserves to allow for financial flexibility and stability in light of the Charity’s dependence on voluntary donations.” — page 5
Trustees
- Rev SIMON CLEVELAND WALLACEchair
- BRENDA JACUELINE WALLACE
- Dr Sheila Belgrave
- PAULETTE ROWE
- Sandra Lavinia King
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £151k | £117k |
| 31/03/2024 | £162k | £61k |
| 31/03/2023 | £154k | £54k |
| 31/03/2022 | £117k | £48k |
| 31/03/2021 | £60k | £43k |
Common questions
Is NEWDAY MINISTRIES CHRISTIAN CENTRE financially healthy?
Per its FY2025 accounts: The accounts state that the charity achieved a net surplus of £33,792 for the year ended 31 March 2025, bringing total unrestricted funds to £589,842. The trustees consider this level of funds to be appropriate for pursuing objectives, supported by a reserves policy aimed at maintaining financial flexibility against reliance on voluntary donations. The going concern basis is confirmed with no material uncertainties identified. Its FY2025 accounts were independently examined.