NEW COVENANT CHURCH ABBEYWOOD
The main objective of the CIO is to advance the Christian religion for public benefit
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves of £54,229 exceeded the stated policy target of £10,976.25 to £21,952.50, representing more than three months of unrestricted expenditure. The charity reported a surplus for the year, with total income of £47,304 against total expenditure of £43,905.
What the accounts disclose
“It is the policy of the charity to maintain unrestricted funds which are the free reserves of the charity at a level which equates to at least 3 months of unrestricted expenditure.” — page 6
“No member of the board of trustees received any remuneration except the pastor who received a stipend during the year.” — page 13
Trustees
- BUKOLA OSOBEchair
- Dr AKINWUNMI OLAGUNJU
- ENITAN BAMTEFA
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £47k | £44k |
| 31/12/2024 | £51k | £44k |
| 31/12/2023 | £49k | £51k |
| 31/12/2022 | £40k | £40k |
| 31/12/2021 | £42k | £20k |
Common questions
Is NEW COVENANT CHURCH ABBEYWOOD financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves of £54,229 exceeded the stated policy target of £10,976.25 to £21,952.50, representing more than three months of unrestricted expenditure. The charity reported a surplus for the year, with total income of £47,304 against total expenditure of £43,905. Its FY2025 accounts were independently examined.