NEW COVENANT CHURCH BERMONDSEY
To do charitable activities to help enforce christian values in the community
Financial health, per its FY2024 accounts
The accounts state that total unrestricted funds increased to £465,289 at year-end, exceeding the stated reserve policy target of twelve months of committed expenditure. The charity reported a surplus for the period, with total incoming resources of £447,395 against total resources expended of £393,331.
What the accounts disclose
“Other than donations and funds received there were no transactions with related parties during the period.” — page 17
Property (HM Land Registry)
Trustees
- CHUKS ORIAHIchair
- Henry Atigogo
- OLUFUNMILAYO ADEWUMI
- OLUTOLA BAMIGBOYE
- OLUWAKAYODE ADEWUMI
- Olutayo OYETAN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £447k | £393k |
| 31/12/2023 | £460k | £357k |
| 31/12/2022 | £386k | £361k |
| 31/12/2021 | £428k | £272k |
| 31/12/2020 | £34k | £14k |
Common questions
Is NEW COVENANT CHURCH BERMONDSEY financially healthy?
Per its FY2024 accounts: The accounts state that total unrestricted funds increased to £465,289 at year-end, exceeding the stated reserve policy target of twelve months of committed expenditure. The charity reported a surplus for the period, with total incoming resources of £447,395 against total resources expended of £393,331. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE MIDDLETON FOUNDATION | 1 | £9k |
Charities like this
- NEW COVENANT CHURCH EQUIPPING PEOPLE
- NEW COVENANT MINISTRIES
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY MAGDALEN WITH ST OLAVE, ST JOHN AND ST LUKE ,BERMONDSEY
- NEW COVENANT CHURCH BRISTOL
- NEW COVENANT CHURCH CAMBERWELL
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WEMBDON
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| NEW COVENANT CHURCH BERMONDSEY | £447k | — | 0 | unclear | — | no doubt |
| NEW COVENANT CHURCH EQUIPPING PEOPLE | £309k | — | 0 | unclear | — | no doubt |
| NEW COVENANT MINISTRIES | £128k | £17,194 | 0 | unclear | — | no doubt |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY MAGDALEN WITH ST OLAVE, ST JOHN AND ST LUKE ,BERMONDSEY | £166k | — | 0 | above | — | no doubt |
| NEW COVENANT CHURCH BRISTOL | £105k | — | 0 | unclear | — | no doubt |
| NEW COVENANT CHURCH CAMBERWELL | £462k | — | 0 | unclear | — | no doubt |