NEW COVENANT CHURCH MEDWAY
PURPOSE: TO ADVANCE THE CHRISTIAN RELIGION FOR PUBLIC BENEFITThe charity carries out its purposes through the church. It organises Christian services every Sunday andmidweek services where the Christian doctrines and ethos are taught and shared. Also, there are bibleclasses where experienced bible teachers devote time to teaching people about Christianity, the core ofits activities,
Financial health, per its FY2024 accounts
The accounts state that total unrestricted funds increased to £32,564 in 2024 from £20,904 in 2023, driven by net income of £11,660 against total expenditure of £20,693. The charity holds net current assets of £120,888 with creditors of £117,189, resulting in total net assets of £32,564. The independent examiner reported no concerns or matters requiring attention regarding the financial statements.
What the accounts disclose
Trustees
- Samuel Olakunle Oluwole Sotundechair
- Hannah Sinmisola Eno Ajayi
- NANA NYARKOA TETTEH
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £32k | £21k |
| 31/12/2023 | £35k | £14k |
| 31/12/2022 | £39k | £11k |
| 31/12/2021 | £31k | £13k |
| 31/12/2020 | £19k | £2k |
Common questions
Is NEW COVENANT CHURCH MEDWAY financially healthy?
Per its FY2024 accounts: The accounts state that total unrestricted funds increased to £32,564 in 2024 from £20,904 in 2023, driven by net income of £11,660 against total expenditure of £20,693. The charity holds net current assets of £120,888 with creditors of £117,189, resulting in total net assets of £32,564. The independent examiner reported no concerns or matters requiring attention regarding the financial statements. Its FY2024 accounts were independently examined.