NEW COVENANT CHURCH BERMONDSEY
Financial health, per its FY2022 accounts
The accounts state that total unrestricted funds increased to £307,404, supported by a reserve policy targeting at least twelve months of committed expenditure. The independent examiner reported that proper accounting records were kept and accounts accorded with underlying records, with no material uncertainties noted regarding the charity's ability to continue in business.
What the accounts disclose
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?
The accounts state that total unrestricted funds increased to £307,404, supported by a reserve policy targeting at least twelve months of committed expenditure. The independent examiner reported that proper accounting records were kept and accounts accorded with underlying records, with no material uncertainties noted regarding the charity's ability to continue in business. Its FY2022 accounts were independently examined.
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