New Covenant Church Living Souls City (LSC)

Registered charity 1174986 · accounts filings on the Charity Commission register · also known as NEW COVENANT CHURCH LEWISHAM

Advancing Christian religion for public benefitImpacting the local community with the love of Christ through feeding programmes aimed towards the homelessEnrichment and evangelical activities in the community Providing counselling and prayers to people in need

Causes: Religious Activities · Get email alerts

Latest income

£82k

Latest spending

£47k

Registered

2017

Accounts read

FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity held total net assets of £160,973 at year-end, with unrestricted revenue funds of £34,874. The independent examiner reported a significant internal control failure where an officer made unauthorized transfers to a personal account, though trustees took action to restrict access. The charity's reserves policy targets at least twelve months of committed expenditure, but the actual unrestricted reserves appear significantly below this target based on the reported figures.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: twelve months of committed expenditure (held: £35k)

“The Charity maintains unrestricted funds, which are the free reserves of the charity, at a level that is at least twelve months of committed expenditure, excluding financing and other costs.” — page 5

Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Trustees · trustee networks

Aminat Adetoun Adefarakan
Ayodeji Nehan
Dr Oluwakayode John Babalola
Hope Emonema

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England And Wales

Income and spending

Financial year end	Income	Spending
31/12/2024	£82k	£47k
31/12/2023	£78k	£38k
31/12/2022	£61k	£60k
31/12/2021	£59k	£30k
31/12/2020	£55k	£58k

Common questions

Is New Covenant Church Living Souls City (LSC) financially healthy?

Per its FY2024 accounts: The accounts state that the charity held total net assets of £160,973 at year-end, with unrestricted revenue funds of £34,874. The independent examiner reported a significant internal control failure where an officer made unauthorized transfers to a personal account, though trustees took action to restrict access. The charity's reserves policy targets at least twelve months of committed expenditure, but the actual unrestricted reserves appear significantly below this target based on the reported figures. Its FY2024 accounts were independently examined.