NEW COVENANT CHURCH MANCHESTER

Registered charity 1175686 · accounts filings on the Charity Commission register

To further Christian Faith and to alleviate poverty

Causes: Religious Activities · Get email alerts

Latest income
£470k
Latest spending
£391k
Registered
2017
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that total charitable expenditure was £418,022, funded by incoming resources of £470,437, resulting in a net income surplus of £79,018. However, the charity reports negative free reserves of £86,902 due to significant capital expenditures on property acquisitions during the year. The trustees confirm the charity remains financially viable and plan to rebuild reserves to meet their policy target over the next five years.

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

What the accounts disclose

Reserves position: below the charity's own stated reserves policy (held: £-87k; policy: three months of operating expenditure (approximately £98k))
As at the year end, the charity had a negative free reserves. — page 4
Per its FY2024 accounts as filed with the Charity Commission.

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

Property (HM Land Registry)

3 registered titlesin England and Wales held by the charity’s company or corporate body (3 freehold); recorded price paid £1.7m. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Trustees · trustee networks

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

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/12/2024£470k£391k
31/12/2023£362k£328k
31/12/2022£22k£17k
31/12/2021£15k£6k
31/12/2020£4k£800

Common questions

Is NEW COVENANT CHURCH MANCHESTER financially healthy?

Per its FY2024 accounts: The accounts state that total charitable expenditure was £418,022, funded by incoming resources of £470,437, resulting in a net income surplus of £79,018. However, the charity reports negative free reserves of £86,902 due to significant capital expenditures on property acquisitions during the year. The trustees confirm the charity remains financially viable and plan to rebuild reserves to meet their policy target over the next five years. Its FY2024 accounts were independently examined.