New Covenant Church South Croydon
To advance Christian religion for public benefit.
Objects
TO ADVANCE CHRISTIAN RELIGION AND BIBLICAL EDUCATION FOR THE PUBLIC BENEFIT, PARTICULARLY BUT NOT EXCLUSIVELY, BY PROVIDING WORKSHOPS, CONFERENCES AND AFTER SCHOOL CLUBS. THE ALLEVIATION OF POVERTY WITHIN THE AREA OF OPERATION, PARTICULARLY BUT NOT EXCLUSIVELY BY PROVIDING MONETARY GRANTS AND WELFARE SUPPORT AND SERVICES.
Financial health, per its FY2025 accounts
The accounts state that the charity generated a net income surplus of £81,170 for the year, with total funds increasing to £847,037. However, the trustees' report clarifies that the majority of these funds are tied up in the building equity reserve, leaving only £81,170 in free reserves, which the trustees consider adequate to cover their stated policy target of three months' operating expenditure.
What the accounts disclose
“The trustees aim to maintain free reserves sufficient to cover at least 3 months' operating expenditure.” — page 6
Policies the charity declares
- Bullying and harassment 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
- 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
Trustees
- Basiratu Okuwachair
- KAREN DAVIDSON
- Moses Amire
- OLATUNDE OKORO
- SIMON AJAYI DR
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £190k | £108k |
| 31/12/2024 | £153k | £120k |
| 31/12/2023 | £127k | £88k |
| 31/12/2022 | £153k | £53k |
| 31/12/2021 | £92k | £39k |
Common questions
Is New Covenant Church South Croydon financially healthy?
Per its FY2025 accounts: The accounts state that the charity generated a net income surplus of £81,170 for the year, with total funds increasing to £847,037. However, the trustees' report clarifies that the majority of these funds are tied up in the building equity reserve, leaving only £81,170 in free reserves, which the trustees consider adequate to cover their stated policy target of three months' operating expenditure. Its FY2025 accounts were independently examined.
Charities like this
- NEW COVENANT CHURCH STRONGNATION STEVENAGE
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIATICAL PARISH OF ST MATTHEW CROYDON
- COVENANT CHURCH
- WEST CROYDON BAPTIST CHURCH
- CHURCH OF GOD (SEVENTH DAY) CROYDON
- TRINITY CHURCH WEST LONDON
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| New Covenant Church South Croydon | £190k | — | 0 | above | — | no doubt |
| NEW COVENANT CHURCH STRONGNATION STEVENAGE | £112k | — | 0 | above | — | no doubt |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIATICAL PARISH OF ST MATTHEW CROYDON | £164k | — | 0 | above | — | no doubt |
| COVENANT CHURCH | £498k | — | 0 | unclear | — | no doubt |
| WEST CROYDON BAPTIST CHURCH | £199k | — | 0 | above | — | no doubt |
| CHURCH OF GOD (SEVENTH DAY) CROYDON | £164k | — | 0 | unclear | — | no doubt |