NEW TESTAMENT ASSEMBLY PROPERTY CHARITY
New Testament Assembly charitable purposes are to provide religious education/training and social activities to inform, empower and serve well its diverse constituency. In so doing we endeavour to be environmentally friendly and prudent with the funds amassed.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a deficit for the year of £66,612, compared to a deficit of £33,588 in the prior year. Per the trustees' report, the charity maintains unrestricted reserves of £1,673,357, which falls within their stated policy target of 6 to 12 months of expenditure. The auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.
What the accounts disclose
“The trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets should be between 6 and 12 months of the expenditure.” — page 5
“The Rt. Reverend D Powell received a salary of £25,762 during the financial year. Bishop Sean Samuel received £15,000 in the year for services provided as the National Presiding Bishop” — page 18
“The Rt. Reverend D Powell received a salary of £25,762 during the financial year. Bishop Sean Samuel received £15,000 in the year for services provided as the National Presiding Bishop As disclosed in note 10, an amount of £114,594 (2024: £106,590) is due to a related charity, The New Testament Assembly, which runs the Tooting Neighbourhood Centre. A net £8,004 was advanced during the year.” — page 18
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Alda Ionie Townsend
- Bishop Sean Samuel
- Jacqueline Cooke
- MELANIE STACY-ANN KENNEDY
- Rev Anne Marie Spence
- Rev Opeoluwa Adetudokun Alabi
- Rev Sheree Pinheiro
- Rev Tamara Makinwa Tamika
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.1m | £1.2m |
| 31/03/2024 | £991k | £1.0m |
| 31/03/2023 | £861k | £851k |
| 31/03/2022 | £767k | £822k |
| 31/03/2021 | £743k | £816k |
Common questions
Is NEW TESTAMENT ASSEMBLY PROPERTY CHARITY financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a deficit for the year of £66,612, compared to a deficit of £33,588 in the prior year. Per the trustees' report, the charity maintains unrestricted reserves of £1,673,357, which falls within their stated policy target of 6 to 12 months of expenditure. The auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2025 accounts were audited by Jacksons.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| UK government | 29/09/2020 | £10k | Coronavirus Community Support Fund |
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Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| NEW TESTAMENT ASSEMBLY PROPERTY CHARITY | £1.1m | — | 0 | unclear | — | no doubt |
| NEW LIFE ASSEMBLY (DULWICH) | £451k | more than £60,000 | 1 | unclear | — | no doubt |
| CHRISTS TEMPLE OF RESURRECTION MINISTRIES TRUST | £212k | — | 0 | unclear | — | no doubt |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY, NAILSEA | £534k | — | 0 | above | — | no doubt |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF NEWBURY ST NICOLAS | £554k | — | 0 | unclear | — | no doubt |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BUDLEIGH SALTERTON | £201k | — | 0 | unclear | — | no doubt |