REGISTERED COMPANY NUMBER: 03335837 (England and Wales)
REGISTERED CHARifi NUMBER." 1064133
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
FOR
CREFLO DOLLAR MINISTRIES
(A COMPANY LIMITED BY GUARANTEE
Prime
Chartered Accountants
Corner Oak
1 Homer Road
Solihull
B913QG

CREFLO DOLLAR MINISTRIES
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Page
Reference and Admlnlstrative Detalls
Report of the Trustees
Independenl Examlnefs Report
Statement of Flnanclal Acllvltles
Balance Sheet
Cash Flow Statement
10
Notes to the Cash Flow Statement
Notes to the Flnanclal Statement8
12

CREFLO DOLLAR MINISTRIES
REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 DECEMBER 2023
TRUSTEES
R B Mumba Ir&signed 3115123)
N Bruus
YKChoi
A B Danquah
V R Harrison
O Olalundun (appointed 3115123)
REGISTERED OFFICE
1B Blackthom Hous8
Mary Ann Street
Blrmingham
B3 1RL
REGISTERED COMPANY
NUMBER
03335837 (England and Wales)
REGISTERED CHARITY
NUMBER
1064133
INDEPENDENT EXAMINER
Prime
Chartered Accountants
Corner Oak
1 Homer Road
Solihull
B913QG
BANKERS
Barclays Bank PIC
1 Churchill Place
London
E14 5HP
Page 1

CREFLO DOLLAR MINISTRIES {REGISTERED NUMBER: 033358371
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees who are a150 directors of the charity for the purposes of the Companies Act 2006, present th6ir
report with the financial statements of the charity for the year ended 31 December 2023. The IrLtstees have
adopted Ihe provisions of Accounting and Reporting by Charities: Statement of Recommended Practice
applicable to charlties preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and RepubliG of Ireland {FRS 1021 (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objecllves and alms
The charity's objectives are lo promote the Gospel of Jesus Christ to Ihose in any part of the world who have
not received it and lo establish, advance and promote the gospel and do¢trine among Christian believers
according to the slalement of fallh reproduced below.
W8 b8lleve that Jesus Chrlst Is the son of God and that He was cruclfièd dead and buried, and on the Ihlrd
day He arose from the dead and ascended on high where He took His seat at the right hand of God the
Father Almighty until His enemies becom8 His footstool.
We boli8ve in the rapture, that the dead In Christ wlll rlse first and that those that are alive and remain shall
be caught up lo meet Jesus in the air.
We believ6 that after death eternal life begins either in heaven or In hell., where one spends etemily Is based
on their decision lo live according to God's words and Commandments or lo rebel and deny His words and
commandments.
We beligve in the Indwelling of the Holy Spirlt and Ihe baptism in the Holy Spirit with the evidence of
Speaking In tongues.
We believe that the Bibl8 IS the written Word of God Inspired by God. We believe that faith is acting out on
the Word of God.
We b81ieve in divine healing and that Jesus is the Healer and that by the stripes of Jesus we are hgaledl
We believe in Illhing the lithe and bringlng offerings into the church. We also belleve in giving alms and
caring for the poor, sick, homeless, etc.
We believe in water baptism in the name of th6 Father, Son and Holy Spirit. We believe in the name of
Jesus and the authority invested In thal name.
The Trustees achieve the objects by promoting and leaching the Word of God across the entire world via
television, electronic media and books. This is done wilh simplicity and understanding, so that the Word of
God can b8 applied in our everyday lives in a practical and effective manner, thereby transforming minds and
confomilng our immediate worlds lo a successful, victorious and prosperous Christian Ilfe. We are faithful
stewards over the financial assets entrusted by God to Crello Dollar Ministries. Our aim is lo manage these
with such excellence, integrity, thoroughness and accuracy that through honesty and integrity we will be
above absolute suspicion, not only in the sight of the Lord bul also in Ihe sight of men.
Page 2

CREFLO DOLLAR MINISTRIES (REGISTERED NUMBER: 03335837)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
OBJECTIVES AND ACTIVITIES
Major achievements
In our effort to promote the Gospel of Jesus Christ in Europe during 2023, Creflo Dollar Ministries Europe
Office (CDM Europe) has accomplished the following..
Partnershlp Activitieslcontact Made
CDM Europe consistently mak65 COLlrtesy Calls lo partners and donors, calllng them on thelr birthdays and
partnership anniversary days and making prayer calls asklng afior thelr welfare.
This year, we received 8,570 inbound responses from inwming calls, emails, and posts. CDM Europe
received 1,063 prayer requests, lo which the CDM Europe Office responded with calls, emails, and letters.
CDM Europe's outbound interaction with partners and donors Increased by 2.36Vo12022 - 7,729 versus 2023
7,912). CDM Europe generatgd 209 new people to the database.
CDM Europe offi￿ ProdU￿d 818 products that fulfilled 285 packages dispatched from the office.
CDM Europe continues to utlllse social media to promote events and share encouraging posts,
In 2023. w6 continued to promote our YouTube channel and upload new content for our YouTube channel,
receiving 6,934 additional views., our channel experienced an 8.14Wo increase compared to 2022, receivlng
6,412 views.
Conference & Speaklng Engagemenls
Creflo Dollar Ministries did not host any conferences or speaking engagemenls in 2023: however, our
partners and donors had the opportunity lo attend events hosled by our US headquarters.
Stafflng
In 2023, CDM Europe had full-time staff who used the services of employment agencies and hired on8 of
the t8mporary staff to become a full-lime 8mployea.
Achlevements In 2023
Office Move
One of our main objectives for 2023 was to reassess our operational overheads without compromlslng on the
quality of sérvice we provlde.
In 2023, we looked for Offi￿ space that offered cost-efficlency and catered for our office needs, including
separate offices for staff, a receplionlbookstore space and some storage space.
We mov8d into a new office space in July that fulfilled our requirements.
Mlsslons
Project Vlrtue
In 2023, CDM Europe continued to support Embrac8 Warwickshire.
Embrace is a Christian Charity.. faith and prayer are the basis of everything they do. They believe in the
transformative power of Jesus and want to demonstrate the consislenl. unchanging Love & Hope they have
found.Through their work, Embrace desires to demonstrate the practicality of their belief that each woman is
deeply loved and precious to Godl
Every Christmas, Embrace delivers Christmas hampers to the women they support. In December 2023, CDM
Europe donated some of the items Embrace uses to create Christmas hampers. These hampers are
distributed during their annual Christmas parties, and some Women's Centers Embrace partners with Ihem.
Page 3

CREFLO DOLLAR MINISTRIES (REGISTERED NUMBER: 03335837)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
OBJECTIVES AND ACTIVITIES
CDM Europe purchases woollen hats and gloves, socks, toiletries and chocolates. The staff from CDM
Europe also assisted with packing tha bags. With thè items donated, Embrace created 75 Christmas
hampers.
Love Thy Neighbour
CDM Europe continues to support people experiencing homelessness in the local area by ulilizing the funds
donated explicitly for "Love Thy Neighbour" The Love Thy Neighbour program is dedicated lo doing
grace-based good Works for our neighbours worldwlde.
In 2023, Creflo Dollar Ministries Europe supported Helping Hands of Birmingham (HHOB) by purchasing
ilems on their wish list to carry out their outreach inilialives.
CDM Europe purchased boxes of crlsps, tracksult bottoms, woollen hats, gloves and chocolates.
Attendlng Chrlstlan Resource Exhlbltlon ICRE)
CDM Europe attended an exhiblllon aimed al Christian organlsalions, church leaders and anyone involved in
Christian work and ministry. This exhibition seeks to network and promote your organisalion. It's also a
chance to discover new ideas and resources and gain advice and insplralion from other Christian business6S.
This exhibition was held In the West Midlands, and the office had th8 OPPOrtunlty lo hire a sland and promote
itself and ils organisation.
After the exhibition, we connected with an insurance company that reduced the cost of our bulldlng insurance
by 4.140kn with the additlonal cover of Cyber fraud without compromlsing on our needs.
Publlc beneflt
The Charily had due regard to guldance published by the Charlty Commlsslon on publlc benefll.
Teaching the Word of God with simplicity and understanding is the goal of Creflo Dollar Ministries. Our
mission is to invoke change in the lives of people and gain understanding of God's love and promises. Thls Is
the way we a¢hieve public benefit.
FINANCIAL REVIEW
Financtal revlew
The charitable company's net deficit for the year amounted to £44,048 (2022.. Surplus £22,551) making total
funds held al 31 December 2023 of £126,081 {2022'. £170,129). We are very grateful to our generous
supporters for the income arising in th@ charity during the year of £173,436, despitè il being lower than in
2022 {£208,504}. Our total expenditure for the year was £217,484 which is higher than the previous year
which totalled £185,953.
Thls year has seen a dècrease in our unrestrlcted funds from £134,113 In 2022 to £89.920.
The results for the year are shown in the Statement of Financial Activities and the slale of affairs, which the
Trustees consider satisfactory, is shown on the Balance Sheet.
Reserves pollcy
The total reserves held as at 31 De￿mber 2023 are £126,081 (2022.. £170,129). The Trustees have
r8vl8wed the charity's need for reserves and have agreed that It should ideally hold free reserves of at least
£50,000 to meet approximately three months support and administration costs. A reserve of this size would
provide substantial backing to our Ministry ensuring it can grow effedively in reaching out with our Christian
message. The current amount held as unrestricted free reserves is £89,919 which lakes account of the
charity's fixed assets, is sufficienl. The Trustees continue to conc8ntrate on a number of cost saving
initiatives to enable the Charity lo maintain the recommended level of reserves.
Page 4

CREFLO DOLLAR MINISTRIES (REGISTERED NUMBER: 03335837)
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
FUTURE PLANS
CDM Europe plans to conlinue spreading the Grace messag&, especially to the non-English-speaking
Countries. CDM Europe has begun translating some written materials and will gradually create a translated
microsile in different languages. This project has started. We aim lo create social media sites, Facebook,
Instagram. and YouTube channels for non-English countries to ulilise.
CDM Europe w151 continue to support organlsations that have slmllar mlssion Inltlatives as our organisation.
The support will be both financially and volunteering of time lo support these organlsations while they carry
out their Mission initiatives. CDM Europe will also request the assistance of our partners and donors not only
to donate to these initiallves but also to volunteer their servlces and lime.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Charity was incorporated as a ¢ompany limited by guarantee on 13 March 1997 and is governed by its
Memorandum and Articles of As50cialion. It registered as a charily on 27 August 1997.
The trustees are the members of the charitable company and. in the event of the company belng wound up,
the members are required to contribute an amount not exceeding £1.
Recrullmenl, appolntmenl, Snductlon and tralnlng of trustees
Under the requirements of the Memorandum and Articles of Association, the trustees have the power to
appoint new trustees who must be re-elected at the following Annual General Meeting. Recruitment of new
trustees is by personal recommendation. During Induction and Iralnlng the n8W trustees are provided with
suitable material to onsure they understand the charilable purposo and operating policies of Creflo Dollar
Ministries.
Organlsatlonal structure
The Trustees who served during the year and up lo the date of this report are sel out on page 1. Trustees are
appointed by the Board of Trustees. The day to day running of the charitable company has been controlled by
salaried managers appointed by the Trustees. Olusola Olatundun oversees the office and manag8s lh8 day
to day operations of the Charity. All decisions are made by the Board of Truslees inspired by the teachings of
Pastor Creflo Dollar.
This report has been prepared In accordance wllh the special provlsions of Part 15 of the Companies Act
2006 relating lo small companies.
15.10.2024.
Approved by order of Ihe board of trustees on ..,,......................................... and slgn8d on ils behalf by:
Y K Choi- Trustee
Page 5

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
CREFLO DOLLAR MINISTRIES {REGISTERED NUMBER: 03335837)
Independenl examiner's report to the trustees of Creflo Dollar Minlstrles ('the Company.)
I report to the charity truste8s on my examinallon of tha accounts of the Company for Ihe year ended
31 December 2023.
Responslbllitles and basls of report
As the charity's trustees of the Company land also its directors for the purposes of company law} you are
responsible for the preparation of the accounts in accordance with Ihe requirements of the Companies Act
2006 {'the 2006 A¢t'}.
Having satisfied myself that the accounts of the Company are nol required to be audited under Part 16 of the
2006 Act and are eligible for independenl examination, I report in respecl of my examination of your charity's
accounts as carried out under Secllon 145 of the Charities Act 2011 I'the 2011 Act'l. In carrying out my
examinallon I have followed the Directions given by ihe Charity Commission under Section 14515} Ib) of the
2011 Act.
Independent examlner's statement
I have completed my examination. I confirm Ihal no matters have come lo my attention in connection with the
8xamination glving me cause lo believe..
accounting records were not kept in respect of the Company as required by S8ction 386 of the 2006
Act., or
the accounts do not accord with those records.. or
the accounts do not comply with the accounting requlrements of Section 396 of the 2006 Act other
than any requiremenl that the accounts giv6 a true and fair vlew which Is not a matter considered as
part of an independent examination., or
the accounls have not been prepared in accordance with the methods and principles of the Statement
of Recommended Practice for accounlSng and reporting by charities {appllcable to charitles preparing
their accounts In accordance wlth the Flnanclal Reporting Slandard appllcable In the UK and Republlc
of Ireland {FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn In thls report In order lo enable a proper understanding of the accounts to be
reached.
Jeremy Kitson
Prime
Chartered Accountants
Comer Oak
1 Homer Road
Solihull
8913QG
21.10.2024.
Page 6

CREFLO DOLLAR MINISTRIES
STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
Total
funds
2022
Total
funds
Unreslricted
fund
Reslricled
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacles
167,875
3,403
171,278
203,580
Charltable actlvltles
Ministry materials
2,158
2,158
4,924
Total
170,033
3,403
173,436
208,504
EXPENDITURE ON
Raising funds
64,277
1,966
66,242
53,515
Charitable actlvltles
Conventions and Meetings
Minislry materlals
Ministry headquarters
18,887
70,574
52,979
608
6,320
1,275
19,495
76,894
54,254
17,507
40,522
74,409
Other
599
599
Total
207,316
10,168
217,484
185,953
NET INCOMEI{EXPENDITURE)
Transfers between funds
(37,283)
(6,911)
16,7661
6,911
(44,048>
22,551
15
Net movement In funds
(44,194)
146
{44,04BI
22,551
RECONCILIATION OF FUNDS
Total funds brought forward
134,113
36,016
170,129
147,578
TOTAL FUNDS CARRIED FORWARD
89,919
36,162
126,081
170.129
The notes form part of these financial statements
Page 7

CREFLO DOLLAR MINISTRIES (REGISTERED NUMBER: 03335837)
BALANCE SHEET
31 DECEMBER 2023
2023
Total
funds
2022
Total
funds
Unrestrlcted
fund
Reslricted
funds
Notes
FIXED ASSETS
Tangible assets
10
151
151
1,261
CURRENT ASSETS
Stocks
Debtors
Cash at bank and in hand
19,134
16,699
73,969
19,134
16,699
118,787
18,827
14,452
160,995
12
44,818
109,802
44,818
154,620
194,274
CREDITORS
Amounts falllng due within one year
13
(20,033
(8,6571
(28,690)
{25,406)
NET CURRENT ASSETS
89,769
36,161
125,930
168,868
TOTAL ASSETS LESS CURRENT
LIABILITIES
89,920
36,161
126,081
170,129
NET ASSETS
89,920
36,161
126,081
170,129
FUNDS
Unrestricted funds
Reslricled funds
15
89,920
36,161
134,113
36,016
TOTAL FUNDS
126,081
170,129
The charitable company is entitled to exemption from audit under Soclion 477 of the Companies Act 2006 for
the year ended 31 December 2023.
The members have not required the company to obtain an audit of ils financial statements for the year ended
31 December 2023 in accordance with Section 476 of Ihe Companies Act 2006.
The Iruslees acknowledge Iheir responslbllilies for
(a)
ensuring that the charilable company keeps accounting records that comply with Sections 386 and 387
of the Companies Act 2006 and
preparing financial statemenls which give a true and fair view of the stale of affairs of the charitable
company as at the end of each financial year and of its surplus or deficit for each financial year in
accordance with the requirgments of Sections 394 and 395 and which otherwise comply with the
requirements of the Companies Act 2006 relating to financial slalements, so far as applicable to the
charitable company.
(bl
The notes form part of these financial slatemenls
Page 8
contlnued...

CREFLO DOLLAR MINISTRIES (REGISTERED NUMBER: 033358371
BALANCE SHEET - continued
31 DECEMBER 2023
These ffinancial statemenls have been prepared in accordance with the provlsions applicable to charitable
companies subject to the small companies regime.
The financial slalements were approved by the Board of Trustees and authorised for issue on
..15..10..2Q.2.4......... and were sign&d on its behalf by..
Y K Choi- Trustee
The notes form part of these financial statements
Page 9

CREFLO DOLLAR MINISTRIES
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
2022
Notes
Cash flows from operatlng acllvltles
Cash generated from operalions
(42,208)
22,598
Net cash (used inllprovided by operating activities
(42,208}
22,598
Change in cash and cash equlvalenls
In the reportlng perlod
Cash and cash equlvalents at the
beginnlng of the reportlng perlod
(42,2081
22,598
160,995
138,397
Cash and cash equlvalents at the end
of the reportlng perlod
118,787
160,995
The notes form part of these financial slalements
Page 10

CREFLO DOLLAR MINISTRIES
NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2023
RECONCILIATION OF NET (EXPENDITURE)IINCOME TO NET CASH FLOW FROM OPERATING
ACTIVITIES
2023
2022
Net {expendltureylncome lor the reportlng perlod las per the
Statement of Financlal Actlvltles)
Adjustments for:
Depreclation charges
Loss on disposal of fixed assets
Ilncreaselldecrease in stocks
Increase in debtors
Increasel(dacreasel in creditors
(44,048)
22,551
511
599
(3071
{2,247)
3,284
830
60
18361
{7)
Net cash (used In>lprovlded by operatlons
142,208)
22,598
ANALYSIS OF CHANGES IN NET FUNDS
At1.1.23
Cash flow
Al 31.12.23
Net cash
Cash al bank and In hand
160,995
(42,208)
118,787
160,995
(42,2081
118,787
Total
160,995
(42,208)
118,787
The notes form part of these financial statements
Page11

CREFLO DOLLAR MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
ACCOUNTING POLICIES
Basis of preparlng the financial stalemenls
Creflo Dollar Minislries is private charitable company, limited by guaranlee, registered in England and
Wales. The charitable company's charity number, regisler6d company number and regislerod office
address can be found on the Reference and Administrative Details page.
The financial statements of the charitable company, which is a public benefit entity under FRS 102,
have been prepared In accorijance with the Charities SORP {FRS 102) 'Accounting and Reporting by
Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS
1021 (effective 1 January 2019),, Flnancial Reporting Standard 102 'The Financial Reporting Standard
applicable In the UK and Republic of Ireland, and the Companies Act 2006. The financial statements
have been prepared under the historical Gost convention.
The accounts have bean prepared in sterling l£} which is Ihe functional curren¢y of the enlity.
Golng Concern
The financlal statements have been prepared on a golng concern basis as the truslees believe that no
malerial uncertainties éxist. Th8 trustees have consldered the level of funds held and Ihe expected
level of income and expenditure for 12 monlhs from aulhorising Ih8se financial statements. The
budgeted income and expenditure is sufficient with the level of reserves for the charity to be able lo
continue as a going concern.
Income
All incom8 is recognised in the Statement of Financial Activities once the charlly has 6ntlllement to the
funds, any performance Conditions attached lo the i18m{sl of income have been met, 11 Is probable that
the income will b6 received and the amounl can bo measured reliably.
For donations to be recognised the charity will have been notified of the amounts and the selllemenl
date in writing. If there are conditions attached lo the donation and thi5 requires a lev81 of performance
before enlillemenl can be obtained. then income is deferred until those conditions are fully met or the
fulfilment of those conditions is within the control of the charity and it is probable that they will be
fulfilled.
Income from the sales of Ministry materials is included when receivable and Is stated net of VAT. VAT
atlribulable to gifts of Ministry materials made to donors is included in expenditure as a cost of
generating voluntary income.
Donated faclllties and donaled professional services are recognised in income al their fair value when
an economic benefit is probable, il can be measured reliably and the charily has control over the item.
Fair value is determined on the basis of the value of the gift lo the charity, for example the amount the
Charity would be willing to pay in the open market for such facllltles and servlces. A correspondlng
amount is recognised in expenditure.
No amount is included in the financial statements for volunteer lime in line with the SORP (FRS 102).
Detalls of volunteer contributions to th8 charity is given in the Trustees, Annual Report, where relevant.
Investment income is earned through holding assets for investment PLtrposes such as term deposit
accounts. It includes interest income which is recognised as it accrues.
Page 12
continugd...

CREFLO DOLLAR MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31 DECEMBER 2023
ACCOUNTING POLICIES - contlnued
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation
committing the charity lo that expenditure, it is probable that a transfer of economic benefits will be
required in settlement and the amount of the obligation can b6 measured reliably. Expenditure is
accounted for on an accruals basis and has been classified under headings that aggregate all costs
related to the calegory. Where costs cannot be directly allribuled to particular headings they have been
allocated lo actlvltles on a basls ¢onsislenl wllh the use of resour￿8.
Irrecoverable VAT is charged as an expense against fundraising activity and also as a support cost as
the disallowance arises partly as a result of VAT reslriclions caused by gifts given in exchange for
donations.
AlloGatlon and apportlonment of support costs
Support costs are those that asslsl the work of the charity but do not dlrectly represent charltable
activities and include premises costs, office costs, governance costs, administrative and payroll costs.
They are incurred direclly in support of expenditure on the objects of the charity. Where support costs
cannot be dlrectly attrlbuled to particular activities, they have been allocated to expenditure on
charitable activities on a basls consistent with the resources, which may be actual or based on a
proportion of Staff costs.
Tanglble flxed assels
Depreciation is provided at the following annual rates in order to write off each asset over its estimated
useful life.
Improvements to property
TV and media equipment
Fixtures and fillings
Computer 8quipmenl
stralght Ilne over 10 years
200/0 on cost
200/0 on cost
33.33% on cost
Stocks
Stocks are valued al the lower of cost and nel realisable value, after making due allowance for
obsolete and slow moving Items.
Taxatlon
The charity is exempt from corporation tax on ils charitable activities.
Fund accountlng
Unrestricted funds can be used in accordance with Ihe charitable objectives at the discretion of the
trustees.
Restricted funds can only be used for particular restricted Purposes wilhin the obl8cls of the charity.
Restrictions arise when specified by the donor or when funds are raised for particular reslricled
purposes.
Designated funds are funds set aside by the trustees out of unrestricted general funds for specific
future purposes or projects.
Further explanation of the nature and purpose of each fund Is included in the notes to the financlal
statements.
Forelgn currencles
Assets and liabilities in foreign currencies are translated into sterling al the rates of exchange ruling at
the balance sheet dale. Transactions in foreign currencies are translated into sterling at the rate of
exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at
the operating result.
Page 13
continued...

CREFLO DOLLAR MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023
ACCOUNTING POLICIES - continued
Pension costs and other employee beneflls
When employees have rendered service to the charily, short term employee benefils to which the
employ8es are entitled are recognised at the undiscounled amount expected to be paid in exchange
for that seNice.
The charily operates a defined ¢onlribution plan for the benefit of ils employees. Conlribulions are
expensed as they become payabl&.
DONATIONS AND LEGACIES
2023
2022
Donations
171,278
203,580
RAISING FUNDS
Ralslng donatlons and legacles
2023
2022
Vat cost of generating funds
Bank and credit card charges
Advertlsing and promotion
Support costs
32
3,229
5,264
4,175
544
43,532
62,981
66,242
53,515
CHARITABLE ACTIVITIES COSTS
Support
cosls (see
note 5)
Direct
Costs
Totals
Conventions and Meetings
Ministry materials
Mlnlstry headquarters
19,495
34,108
54,254
19,495
76,894
54,264
42,786
42,786
107,857
150,643
Page 14
conts'nued...

CREFLO DOLLAR MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31 DECEMBER 2023
SUPPORT COSTS
Staff
costs
Office
cosls
Premises
Raising donations and legacies
Conventions and Meetings
Ministry materials
Ministry headquarters
38,572
11,940
20,890
25,025
10,899
3,373
5,901
7,073
13,510
4,182
7,317
8,765
96,427
27,246
33,774
Other
costs
Governance
costs
Totals
Raising donallons and legacies
Conventions and Meetings
Ministry materials
Minlstry headquarters
62,981
19,495
34,108
64,254
13,387
13,387
170,838
NET INCOMEI(EXPENDITURE)
Net incomel(expenditure) is stated after chargingllcreditingl..
2023
2022
Depreciation - owned assets
Deficit on disposal of flx8d assets
Independent examination12 years, cosl in 2023)
Independent examiner's fees for accountancy and advl¢e services
Payroll services
611
S99
8,896
803
420
829
3,900
850
420
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees. remuneration or other benefits for the year ended 31 December 2023 nor for
the year ended 31 December 2022.
Trustees. expenses
There were no trustees, expenses paid for the year ended 31 De￿mber 2023 nor for Ihe year ended
31 December 2022.
Page 15
continued...

CREFLO DOLLAR MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023
STAFF COSTS
2023
2022
Wages and salaries
Social securfty costs
Other pension costs
69,273
1,433
1,857
63,044
2,669
1,925
72,563
67,638
The av8rage monthly number of 8mployees during the year was as follows:
2023
2022
AdministralSon and support
No employees received emoluments in excess of £60,000.
The employees all worked full tlme In both 2023 and 2022.
The charity considers Ils key management personnel comprise the CEO and senior management. The
total amount of employee benefits inclL¢ding employer's pension contributions received by key
management personnel were £67,649 {2022- £67,638).
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - 2022
Unrestricted
Restricted
fund
funds
Total
funds
INCOMEAND ENDOWMENTS FROM
Donations and legacles
198,395
5,185
203,580
Charltable actlvllles
Ministry materials
4,924
4,924
Total
203,319
5,185
208,504
EXPENDITURE ON
Raising funds
53,515
53,515
Charltable actlvltles
Conventions and Meetings
Mlnlslry materials
Ministry headquarters
17,507
29.845
74,387
17.507
40,522
74,409
10,677
22
Total
175,254
10,699
185,953
NET INCOMEI{EXPENDITURE)
Transfers between funds
28,065
17,3761
15,514)
7,376
22,551
Net movement In funds
20,689
1,862
22,551
RECONCILIATION OF FUNDS
Total funds brought fO￿ard
113,424
34,154
147,578
Page 16
conlinued...

CREFLO DOLLAR MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31 DECEMBER 2023
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - 2022 - contlnued
Unreslricled
Restricted
fund
funds
Total
funds
TOTAL FUNDS CARRIED FORWARD
134,113
36,016
170,129
10. TANGIBLE FIXED ASSETS
Improvements
lo
propety
TV and
media
equipment
Fixtures
and
flttlngs
Computer
equipment
Totals
COST
At 1 January 2023
Dlsposals
3,198
(3,198)
127,071
(1,100}
23,845
60,679
204,793
(4,298)
At 31 December 2023
12S,971
23,845
50,679
200,496
DEPRECIATION
At 1 January 2023
Charge for year
Eliminated on disposal
2,S99
127,071
23,592
253
50,270
268
203,532
(2,699)
(1,100>
(3,699)
At 31 December 2023
125,971
23,845
50,528
200,344
NET BOOKVALUE
Al 31 Dec8mber 2023
151
151
At 31 December 2022
599
253
409
1,261
11. STOCKS
2023
2022
Stocks of Ministry materials
19,134
18,827
12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
2022
Other debtors
Prepaymenls and accrued income
16,082
617
13,903
549
16,699
14,452
Page 17
continued...

CREFLO DOLLAR MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31 DECEMBER 2023
13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
2022
Trade creditors
Social security and other taxes
VAT
Olher creditors
Accruals and deferred income
9,866
3,516
497
130
14,681
8,138
1,562
280
15,426
28,690
25,406
14. LEASING AGREEMENTS
Minlmum leas8 payments under non-cancellabl8 OP6ratlng leases fall due as follows=
2023
2022
Within one year
Between one and five years
20,500
4,271
24,771
16. MOVEMENT IN FUNDS
Net
movement
in funds
Transfers
between
funds
At
31.12.23
Al 1.1.23
Unrestrlcted funds
General fund
134,113
(37,282)
{6,911)
89,920
Reslricted funds
Missionary works
Care for children
CDM Russia
27,113
8,903
145
27,258
8,903
(6,911)
6,911
36,016
16,766)
6,911
36,161
TOTAL FUNDS
170,129
{44,048}
126,081
Page 18
continued...

CREFLO DOLLAR MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31 DECEMBER 2023
15. MOVEMENT IN FUNDS - contlnued
Net movement in funds, included in the above are as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestricled funds
General fund
170,033
(207,315)
137,2821
Restrlcted funds
Missionary works
CDM Russia
145
3,258
145
{6,911)
(10.169)
3,403
(10,169)
{6,7661
TOTAL FUNDS
173,436
(217,484)
144,048)
Comparatlves for movement In funds
Net
movement
in funds
Transfers
between
funds
At
31.12.22
Al 1.1.22
Unrestrlcted funds
General fund
113,424
28,065
17,376)
134,113
Restricted funds
Missionary works
Care for children
CDM Russla
25,251
8,903
1,862
27,113
8,903
(7,376)
7,376
34,154
(5,5141
7,376
36,016
TOTAL FUNDS
147,578
22,551
170,129
Comparative nel movèmenl in funds, included in the abov8 ar8 as follows:
Incoming
resources
Resources
8xpend8d
Movement
in funds
Unrestrlcted funds
General fund
203,319
1175,254)
28,065
Restrlcted funds
Mlssionary works
COM Russia
1,862
3,323
1,862
17,3761
(10,699)
5,185
110,699}
15,5141
TOTAL FUNDS
208,504
(185,9531
22,551
Page 19
continued...

CREFLO DOLLAR MINISTRIES
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31 DECEMBER 2023
15. MOVEMENT IN FUNDS - contlnued
Purpose_of Re$trlcted_Fun_d_s:
Donors to Ihe charity are provlded a choice of funds to which their donation is allocated. For reporting
purposes these are allocated to one of the funds identified below,. when tithing the Trustees ensure
that the specific purposes of the donor's allocation is fulfilled.
Mlsslonary Works..
These cover broadly defined donation categories such as Soul Winning, Ambassadors for Change and
Mission General Funds where the day to day activities of the charity will naturally fulfil tho donor's
intentions for the gift.
Care for Chlldren:
Gifts Identified for the support of sick children, orphanages and educational Initlatives fulfilled by
thoughtful tithing.
Poverty Rellef:
This covers a range of gifts for the relief of povety in the UK and abroad with particular emphasis
being given lo aid for women trapped in sex work, as well as the provision of homes, shelter, food
dlslribution, water and medical relief, particularly for orphaned and abandoned children., agaln
thoughtful tithing ensures the wishes of the donors are fulfllled.
CDM Russla:
A branch of Cr8flo Dollar Ministries committed to continuing contact with our partners in Russia and
Ukralne.
16. EMPLOYEE BENEFIT OBLIGATIONS
The charity op8rales a defined conlribulSon penslon scheme, The charge to the Statement of Flnanclal
Actlvities for the year is £1,857 12022.. £1.9241. Thore were no outslandlng contributions and no
prepaid contributions at the year end 31 December 2023 nor al 31 De￿mber 2022.
17. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2023 (2022.. £nill
Page 20