NEW COVENANT CHURCH MANCHESTER
To further Christian Faith and to alleviate poverty
Objects
TO ADVANCE THE CHRISTIAN RELIGION FOR PUBLIC BENEFIT
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.
What the accounts disclose
“As at the year end, the charity had a negative free reserves.” — page 4
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- 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
Property (HM Land Registry)
Trustees
- IDUMA DEVINE AKHIDIMEchair
- DAVID IFEZUE
- Mary Iyabo Olojugba
- Sheila Afua Sakyibea Bekoe
- Uchechi Ezinwanne Ugwu
- WANIWA SUPANG
- WILLIAM LIMEN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| SANTANDER UK FOUNDATION LIMITED | 1 | £124k |
| ADVANCE MOVEMENT UK | 1 | £20k |
| THE FYRISH FOUNDATION | 1 | £14k |
| THE MIDDLETON FOUNDATION | 1 | £9k |
| THE HOBSON CHARITY LIMITED | 1 | £5k |
| THE KUPAH CHARITABLE TRUST | 1 | £5k |
| THE COLE CHARITABLE TRUST | 1 | £2k |
| PARKLAKE CHARITY TRUST | 1 | £2k |
Charities like this
- NEW COVENANT MINISTRIES
- MANCHESTER VINEYARD
- KING'S CHURCH IN GREATER MANCHESTER
- COMMUNITY BAPTIST CHURCH NORTH MANCHESTER
- CONGREGATION OF OUR LADY OF THE MISSIONS CIO
- THE C3 CHURCH
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| NEW COVENANT CHURCH MANCHESTER | £470k | — | 0 | below | — | no doubt |
| NEW COVENANT MINISTRIES | £128k | £17,194 | 0 | unclear | — | no doubt |
| MANCHESTER VINEYARD | £653k | — | 0 | above | — | no doubt |
| KING'S CHURCH IN GREATER MANCHESTER | £1.4m | — | 0 | unclear | — | no doubt |
| COMMUNITY BAPTIST CHURCH NORTH MANCHESTER | £122k | £9,360 | 0 | unclear | — | no doubt |
| CONGREGATION OF OUR LADY OF THE MISSIONS CIO | £1.2m | — | 0 | within | — | no doubt |