Rogistered number: 08703834
Charity numb•r: 1154239
GLOW CHURCH UK LTD
(A company limited by guarantee)
TRUSTEES, REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
*AE1H4G95"
301121202S
COMPANIES HOUSE
A15
#14

GLOW CHURCH UK LTD
(A company limitsd by gvaraniee}
CONTENTS
Page
Refgrgnc• and admini¥trativo dolails of tho Company, its Trust••$ •nd advisers
Trustees, r•port
Ind•p•nd•nt audltorn. roport on the flnancS•l •tal•ments
Consolidated statement of financlal a¢llvitias
7-10
Consolidated balance sh•ot
12
Company balance Bheet
Con•olidat•d statemont ol ca$h Ilow•
13-14
15
Nots8 to th• flnan¢l41 $tst•m•nts
16-33

GLOW CHURCH UK LTD
(A company Ilmltod by gvarnnteo)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2025
Tru$t•o8
A G Cherrie
F Clack
IPEDuffew
W G Eriksson
A S Glassbrook
S W Mawslon
P A Stanley (resigned 3 May 2024}
Company r•giSt•r•d
number
08703834
Charity rn9l$tèr•d
nUffl￿r
1154239
R•gl¥Jt•r•d offl¢•
Glow UK Long Tens Way
Aycliffe Busines8 Park
Newton Aycliffe
County Durham
DL5 SAP
Company ••cr•tsry
S E Sireel (appointed 20 May 20251
K l Earfey {reslgned 20 May 2025)
Ind•pondgnt audilorn
Armstrong Walson Audit Limited
Chartered Accountants and Stalulory Auditors
One Slravhjerry Lane
Newcasile upon Tyne
NEI 48X
Page 1

GLOW CHURCH UK LTD
(A company limltsd by guarants•
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The Trustee present their annual report together with Ihe audited financial ststements of the Company for the
year 1 April 2024 to 31 March 2025. The Annual report seNes the purposes of both a Trustees, report and a
directors, report under company law. The Tfuslees confirm that the Annual report and financial statements of
the charitable company comply with the current statutory requirements. the requirements of the charitable
company's governing document and the provisions of the Slalemenl of Recommended Practice ISORPI
applicable to charities preparing their accoun13 In accordance with Ihe Finan¢ial Reporting Standard applicable
in the UK and Republic of Ireland (FRS1021 {effe¢live l January 20191.
ObJecll¥•• and actlvllle•
. ObJKtiv•s and alms
The objectives of the Charity are
a) To advance the Christian faith In accordance vlth tha Statement in such ways and In such parts of the Unrted
Klngdom or the World ag the directors from lime lo lime may think fil, and
b) To relieve $ickness and financial hardship and lo promote and presernie good health by the provision of
funds, goods or services of any kind, including through the provision of counselling and 5UPPQrt in such parts of
the United Kingdom or the World as the directors from lime lo lime think fft, and
c) To advance education in such ways and in such parts of the United Kingdom as the directors from time to
time may think fil.
A summary of tha acllvltSes ol the chsrlty as sel out on Ihe Ch8rlty Commlssion website is that the charity
provides nursery care and hire of facilities that advance public education by mounting lectures, exhibitions and
conferences.
In selllng objectives and planning for activities, the Trustee have glven due con8lderallon to general guidance
published by the Ch8rlty Commisslon relaling lo publlc benefit, including the guidance 'Public benefit.. running
charlty IPB21'.
Achievements and performance
Pa9e 2

GLOW CHURCH UK LTD
IA company Ilmlted by guarnnts•)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Achlevements and perforniance Icontlnuedl
. Main achievements of th• Company
Glow Church UK Ltd further continued its joumey of grov•lh and communty impact, with a focus on building on
our outreach and fostering an inclusive environment. This report highli9hl$ our achievements and developments
In key areas of our operations.
Membership Grobthh
Continuing our focus on membership growth. 2025 has seen a further significant increase in our church
membership. This gro￿*h again continues to be amongst young families, children, and youn9 people, ag well as
people from overseas. This continuous and sustainable growth is a direct result of our welcoming and engaging
atmosphere. We continue to place a strong emphasis on creating a vibrant and nurturing environment wlh a
number of speci31 events and attraction¥.
Diversity and Inclusion
Glow Church UK Ltd continues to ft)cus on gr￿h in the area of diversity and inclusion. with further 9rowth in
our generational and cultural profiles, as well as a gro4￿h in families who have Children wlh additional needs.
Our commitrnenl lo embra¢in9 individuals from various ethnic backgrounds has continued in the period, with a
number of new overseas individuals and families joining Glow. International Sunday was again another
significant event in the church calendar.
Growlh in Connect Groups
Our Conne¢1 Groups contsnue to thrive and grow. wth new connect groups launching in new geographical
locatlons to better serve our members In their l¢)cal area.
Oulreach to the Local Community
Our commitment lo outreach and community engagement continued In 2025. Free showings of the Christmas
production 'The Gift" increased. and attendee numbers more than doubled in the period.
These initiatives continue lo be well-received, contributing lo our mission of bein9 a beacon of hope and
8UPPOrt, with several members of the community returning to attend church services.
In summary. 2025 has been another year of grovrth and OXPAnsion, wilh significant plans for gr0￿h and
investment in 2026.
Flnancial roviow
a. Going conc•m
After making appropriate enquiries, the Trustee have a reasonable expeclalion Ihat the Charitable Company
has adequate resources lo continue in operational existence for the foreseeable future. For this reason. they
continue lo adopt the going concem basis in preparing the financial slatemenls. Further details regarding the
adoption of the going Goncern basi5 can be found in the accounting policies.
b. R•s•r¥•• policy
The Trustees have determined to increase the level of available reserves in the period. These funds are not
restricted and can be allocated lo var¢ous special projects. Unreslricled retained eamings as al 31 March 2025
was £1.156,766 {2024 £847,548).
Expenditure is conlinually monitored against agreed budgets lo ensure that ¢osl$ do not exceed revenue and
reserves are protected. Budgets and expenditure are reviewed every 6 months lo reflect current income levels.
The Reserves Policy wll be kept under review.
A capital loan repayment Df £80,000 was made in April 2025 to Glow Church Australia. reducing the inte￿$t-
free loan to £54.478.
Page 3

GLOW CHURCH UK LTD
(A company Ilmlt•d by guarantee)
TRUSTEES. REPORT ICONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
c. Prlnclpal fundlng
The principal funding Source$ are.,
a) donations and gifts to Glow Church UK Ltd.
bl provision of nursery care,
c) hire of fa¢ililies,
dl grants.
The Charity does not unoertake speciffic fundfaising events. Its main source of funds are the donations of
members of the congregation. No significant expendrture is incurred in raising these fvnds. Regular donalians
have increased consistently throughout the year
the total of donations and gift aid was £359,286 12024..
£310,879) excluding vision offering donations. A des¢gnaled vision offering VAS taken in September 2024 with
the lolal of donations and gift aid £46,395. The total for all donation8 and gift aid in the year was £405,68112024
£313,878).
The Charity has a trading subsidiary "Innovate County Durham Limited" which operates conferencing and
events on the main site in Nevrton Aycliffe. The staff are paid, although volunteers do pro¥Kle support from lime
lo time. The conference facilities provided through Innovate County Durham Limited are hired out to other
Of9anlsalions such as the NHS and local f*ms for education and training purpose$ as V￿11 a8 mounbng
exhibitions.
The Charity also utilises any surplus funds from Innovate County Durham kn'miled.
8tructur•. gov•rnanco and management
a. Gov•rning documont
The charity is controlled by its goveming document, a deed of Irusl, and constitutes a limf(ed company, limited
by guarantee, as defined by the Companies Act 2006.
b. M•lhod• of appolntm•nt or •1octlon of Tru•tw•
The Directors of the Company are also Charity Trustees for the purpose of Gharity law. The Oireclors have the
power lo appoint any other person as a Director.
. Organl•ational structure •nd do¢l•lon4naking pollcle•
The Chantys legal status is that of a ¢ompany limited by guarantee and is governed by the companls
Memorandum and Articles of Association. The Charity ig organised so that the trustees meet regularly lo
manage ils affairs. The day to day management is delegated to the Lead Pastors of Glow Church UK Ltd.
d. Pol1cl￿ adopted for th• Inductlon and lrnining of Trustll08
New trustees a￿ invited and encouraged ID visII the main location to familiari5e themselves wlh the charity and
the context in which il operates. They a￿ provided wth a Directors pack which contains a copy of the
Memorandum and Articles, a job description and details of the trustees, responsibilities logelher wth the latest
financial slalements and the ¢urrent financial posits"on. The Glow Church UK Ltd board meet quartedy.
o. Pay pollcy for key management p¢rsonnel
Remuneralion is reviewed annually by the Board of Trustees by reviewing rates of inflalion, industry factor, real
living wage. Any pay awards for all staff including the senior management team go through a fomial approval
process.
Page 4

GLOW CHURCH UK LTD
(A Company Ilmitgd by guarantsè)
TRUSTEES. REPORT (CONTINUED
FOR THE YEAR ENDED 31 MARCH 2025
Structure. governance and management {eontinued)
f. Related party relationships
The ¢harilable Company owns 100% of the share capital of Innovate County Durham Limited. Other related
parties comprise the Trustees and Glow Church Australia.
g. Risk management
The trustees have developed a Tisk fegister, which 15 a standard agenda item at all board meetings. Controls
are in place lo provide miligalion and protection against th8 risks idenlified.
Plans for future poriods
As we look ahead lo 2026, our major projecl in progress, known as 'wide open spaces., wll see the church
expand our coffee shop facility within the main chufch building, allowing further Space to be freed up for OUT
children's work as well as expansion for the Liwe Cub$ nursery.
Stalement of Tru8tse8' r•8ponsibiliti
The Trustee {who are al80 the directors ol the Company lor the purposes of company lawl are responslble for
preparing Ihe Tru8lees' report and the financial slalemen15 in accordance wth applicable law and United
Klngdom Ac¢ountlng Standards (United Kingdom Generally Accepted Accounling Pracllce).
Company law requires the Trustee lo prepare financial slalements for each financial year. Under company law,
Ihe Trustee musl not approve the financial slalernenls unless they are satisfied that Ihey give a true and fair
vlew of the state ol affairs of the Group and the Company and of their Incoming resources and application ol
resources, Includlng Iheir income and expenditure. for that period. In preparing these financial 51atemenls. the
Trustae are requlred to..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles of the Charities SORP IFRS 1021.,
make judgments and accounting eslimales that are reasonable and prudent:
slate bthelher applicable UK Accountin9 Standards IFRS 102) have been followed, subject to any
material departures di5¢1osed and explained in Ihe financial statements.
prepare the financlal slalemenls on the going concern basis unless 11 is inappfopriale to presume that the
Group will continue in business.
The Trustee are responsible lor keeping odequale accounting records that are sufficlenl lo show and explain
the Group and the Companls transactions and disclose with reasonable accuracy al any time the financial
position of the Group and the Company and enable them lo ensure Ihal Ihe financial stalemenls comply wth Ihe
Cornpanies Act 2006. They are also responsible for safeguarding the assets of the Group and the Company
and hence for taking reasonable steps lor the prevention and deleckn.on of traud and other irregularits'es.
D18clo$ur• of Inffjrmatlon to auditor•
Each of the person5 who are Trustee al Ihe time wthen thi$ Trustees. ￿port is approved has confirmed that..
so far as that Trustee is aware, the￿ is no relevant audit information of which the Charilable group's
auditors are unaware. and
that Truslee has taken all Ihe steps that ought lo have been taken as a Trustee in order lo be aware ol
any relevant audit infomiatson and lo establish that the charitable group's auditors are aware of that
infomialion.
Page 5

GLOW CHURCH UK LTD
(A company Ilmitod by guaranteè) .
TRUSTEES. REPORT (CONTINUED
FOR THE YEAR ENDED 31 MARCH 2025
Audltors
A$ a fe$ull of the charity exceeding audit thresholds, Armstrong Watson Audit Limited were appointed auditors.
The auditors, Arm51rong Watson Audit Limited, have indicated their wllingness lo conts'nue in office. The
designated Tw$tee thfjll propose a motion reappointing the auditors at a meeting of the Trustee.
Approved
2311212025
by
order
of
Ihe
members
ol
the
board
of
and 51gned on their behalf by..
Twslee
on
Amy Gla55brook IDec 23. 2025 10'.49.'03 GMT)
A S Gla5sbrook
(Trusleel
Pa9e 6

GLOW CHURCH UK LTD
(A company Ilmltgd by guarnnts•)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF GLOW CHURCH UK LTD
Oplnlon
We have audrted the finan¢ial slalements of Glow Church UK Ltd Ilhe 'Pa￿nt Charitable companVI and ils
subsidiaries (the 'group') for the year ended 31 March 2025 vthich comprise the Consolidated statement of
financial activities. the Consolidated balance sheet. the Company balance sheet, the Consolidated statement of
cash flows and the related notes, including a summary of significant accounting policies. The financial reporting
framework that has been applied in their preparation 16 applicable law and Unilecl Kingdom Aceounling
Standards, including Financial Reporting Slandard 102 The Financial Reporting Standard applicable in the UK
and Republic of Ireland, {Unlled Kingdom Generally Accepted Accounting Practieel.
In our opinion the financial $tslemenls'.
give a Irue and lair view of the state of the Group's and of the parenl Charitable company's affairs as at 31
March 2025 and of the Group's incoming resources and application of resources. including ils income
and expenditure for the year then ended:
have been property prepared in accordan¢• v4llh Unrted Kingdom Generalty Accepted Accounting
Practice.. and
have been prepared in accordance with the requirements of the Companies Act 2006 and the Charities
Act 2011.
8asl8 for oplnlon
We conducted our audit in accordance with International Standards on Auditing (UK) {ISAs IUKII and applicable
law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit
of the financial statements se¢lion of our report. We are independent of the Group in accordance wth the
ethical requirements that are relevant lo our audit of the financial stalernenls in the United Kingdom, including
Ihe Financial Reporting Council's Elhical Standard. and we have fulfilled our other ethical responsibilities in
accordance wilh these requirements. We belleve that the audit evidence we have obtained Is sufficient and
appropriate to pro¥idg a b0818 for our opinion.
Comparatlve Inforniatlon
The comparative figures for the year ended 31 March 2024 are unaudited and were subject to an independent
examination. An independent examination provides a lower level of assurance than an audit and primarity
consists of inquiry and analytieal review. These figures have been Included for comparatsve purpose8 only and
do not form part of the audited financial slalemenls for the year ended 31 March 2025.
Con¢lu$ion8 relaling to going ¢on¢orn
In auditing the financial statements. have concluded that the Trustees. use of the going concem basis of
accounting in the preparallon of the financial. slolements IS 8ppropriale.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions Ihal, individually or colleclively. may cast significant doubt on the Group's or the parent charitable
company's ability to continue as a going concern for a period of at least twelve months from bthen the financial
statements are authorised for issue.
Our responsibilities and the responsibilits'es of the TfU$tee$ wth respect lo going concem are described in the
felevanl sections of this report.
Page 7

GLOW CHURCH UK LTD
IA company limlted by guarnntee)
INOEPENDENT AUDITOR8. REPORT TO THE MEMBERS OF GLOW CHURCH UK LTD (CONTINUED)
Other infomiaffjon
The other Inlormalion comprises the information included in the Annual report glher than the financial
slalements and our Auditors, report Ihereon. The Trustees are responsible for the othef information contained
within the Annual report. Our opinion on the financial statements does not cover the other information and.
except lo the extenl otherwise explicrtly slated in our report. we do not express any form of assurance
conclusion thereon. Qur responsibility is lo read the olher informalion and, in doing so, consider wholher Ihe
other information 18 materially inconsistent wilh the financial 8latement8 or our knol￿edge obtained in the course
of the audit, or otheThMse appears lo be materially misstated. If we identify such material inconsistencies or
apparent material misstatements. we are required to determine whether this gives rise to a material
misslatemenl in the financial Statements themselves. If, based on the work we have perfomied, we condude
ihat there is a material misstatement ol this other infomialion, are required lo report that fact.
We have nothing lo report in this regard.
Oplnlon on other matl•rs pr¢gcrib•d by the Companle8 Act 2006
In our opinion, based on Ihe work undertaken In the cour$e ol the audit..
the inforrnalion given in the Trustees, report for the financial year for vhlich the financial statements are
prepared is consistent wilh the financial slalements.
the Trustees, report ha$ been prepared in accordance vlth applicable legal requirements.
Matlors on which we ar• requirèd to r•port by oXC•Ptlon
In the Iwhl of our knol￿edge and understanding of the charitable company and its environment obtained in the
course ol the audit, we have not identified malefial misslalemenls in the Trustees. report.
We have nothing lo report in respect of the followng matters in relation to ￿1¢h Companies Act 2006 requires
us lo report lo you if, in Our opinion..
the parent charitable company has not kept adequate and sufficient accounllng records, or relum$
adequate for our audit have not been received from branches not visited by us.. or
the parent charitable company finan¢ial statements are not in agreement wth the accounting records and
relums., or
certain disclosures of TNslees' remuneration specified by law are not made.. or
we have not received all the information and explanations y￿ require for our audit. or
the Trustees Y￿re not enlilled to prepare the linancial stalemenls in accordance with the Small
companies regime and take advantage of the small companies, exemptions in preparing the Trustees,
report and from Ihe requirement lo prepare a Strategic report.
Ro•ponsSblllll•• ol Iru*ts••
As explained rnore fully in the Tru5tees' responsibilibes statement. the Trustees (Nytto are a150 the director5 of
the charitable company for the purpose5 of company lawl are responsible for Ihe prepafation of Ihe financial
stalements and for being satisfied that they give a true and fair view, and for such internal control as the
Truslees delemiine is necessary lo enable the preparation of financial stalemenls that are free from material
misstatement, whether due lo fraud or efror.
In preparing the financial stalements. the Trustees are responsible for assessing the Group's and the parent
charitable company5 ability lo continue as a going concem. disclosing, as applicable, matters related lo going
concern and using the going concem basis of ac¢ounlin9 unles$ the Tru$lee$ either intend lo liquidate the
Group or the parent chartsble company or lo cease operations. or have no realistic alternative bul lo do so.
Page 8

GLOW CHURCH UK LTD
IA company limitod by guardnteB}
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF GLOW CHURCH UK LTD ICONTINUED)
Auditors. responslbllllles for the audit of the financial statements
Our objectives a￿ to obtain reasonable assurance about vthether the financial statements as a whole are free
from material misslalemenl, vthether due lo fraud or error, and lo issue an Auditors, report that includes our
opinion. Reasonable assurance is a high level of as$uran¢e, bul is not a guarantee that an audit conducted in
accordance wth ISAS IUK) wll always delect a material misslalemenl vthen il exists. Misstatements can arise
from fraud or error and are considered material if. individualty or in the aggregate, they could reasonably be
expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud. are instances of non-compliance ￿￿th laws and regulations. We design
procedures in line with our responsibilitie$, outlined above, lo detect material misslalements in respect of
irregularilies. including fraud. The exlenl to ￿lch our procedure5 are capable of detecting irregularities,
Including fraud18 delalled below.
We obtained an understanding ol laws and regulations Ihal affect the company, locusin9 on those that
had a direct effect on the financial slalements or that had a fundamental effect on ils operations. Key
laws and regulations that we identified included the UK Companies Acl, lax legislation and occupational
health and employment le9islats'on.
• We enquired of the directors. reviewed correspondence with HMRC and reviewed directors meeting
minutes for evidence of non-compliance with relevant law$ and regulations. We also reviewed controls
the di1￿10r$ have in place to ens4Jre compliance.
We gained an understanding of the controls that the directors have in place lo pievenl and delecl fraud. We
enquired of the directors about any incidences of fraud that had taken place during the accounts'ng
period.
. The ri$k ol traud and non-compliance with law$ and regulations and fraud was discus$e(J within the audit
team and les18 were planned and performed lo address these risks. We identified the potential for fraud
In the follobmng area8.' revenue ￿cognitIon and management override of controls.
. We reviewed financial statements di$Glosures and tested lo supporting documentation lo assess
compiian¢e with relevant la￿ and regulations discussed above.
We enquired of the directors and Ihir&paty advisors about actual and potenlial litigation and claims.
• We performed analytical procedures to identify any unusual or unexpected relationships that rnigm
indicate risks of material mis$talernenl due to fraud.
In addressing the rlsk of fraud due lo management override of internal controls we tested the
appropriateness of joumal entries and assessed ￿ether the judgements made in making accounling
estimales were indicalive of a potents'al bias.
Because of the inherent limitations of an audit, there 15 a risk that we will not detert all irregularities, including
those leading to a material misslatemenl in the financial statements or non-compliance wilh regulalion. This risk
increases the more that compliance with a law or regulation is removed from the events and transactions
reflected in the financial 51alements, as we will be less likely lo become aware ol instances of non.complian¢e.
The risk is also greater regarding irregularities occurring due lo fraud rather than error, as fraud involves
intentional concealment. forgery, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at.. www.fr
.or
-uklaudilorsres
onsibilities. This description forms part of our
Auditors. report.
Page 9

GLOW CHURCH UK LTD
(A company limlted by guarantee
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF GLOW CHURCH UK LTD ICONTINUED)
ol our report
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of
Part 16 of the Companies Act 2006, and lo the charitable company's Iruslees, as a body. Part 4 of the Charrties
(Accounts and Reports} Regulations 2008. Our audit work ha$ been undertaken so Ihal we might Stale lo Ihe
charitable company's members those matters we are required lo slate to them in an Auditors, report and for no
other purpose. To the fullest extent perni￿ed by law, we do not accept or assume responsibility lo anyone other
than the charitable company and ils membefs. as a body. lor our audit woik, for this report, or for the opinions
we have fomied.
Simon
urne
ec 23. 2025 JO.'51.'25 GMT)
Simon Tumer15onlor statutory •uditor
for and on behalf of
Arnistrong Watson Audll Llmlled
Chartered Accountants and Slalutory Auditory
One Slravbery Lane
Newcastle upon Tyne
NEI 4BX
Dale.. 2311212025
Page 10

GLOW CHURCH UK LTD
(A Company limlt•d by guardnt••
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME ANO
EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2025
Unmtrlctod
fijnds
202S
R•s1￿Ct•d
funds
2025
Total
funds
2025
Total
funds
2024
Noie
Income from:
Donatsons and legacies
Chafilable activities
Othei trading activities- Trading
subsidiary
Inveslmenls
Other charitable activile$
407,999
800.704
18,998
2,429
426,997
803,133
313,678
613,722
283,691
283,691
163.234
382
33.670
39,918
39.918
Total Incomo
1.532,312
21,427
1,553,739
1. 124.686
Exp•ndlturo on:
Raising funds - Trading subsidiary
Charitable activities
177,729
1,046,391
177,729
1,066,792
110, 744
977,960
20,401
Totsl ?xynditur•
1.224,120
20,401
1,244,521
1,088, 704
N•t Income
Transfers be￿een fund$
308,192
1,026
1.026
11,026)
309,218
35,982
Not movem•nl in lunds
309,218
309,218
35,982
R•conclllallon of funds:
Total lunds brought forward
Net movement in funds
847,548
309,218
147,548
309.218
811,566
35.982
Total funds Carniod forward
1,156.766
1,1S6.766
847,548
The Consolidaled Statement of financial a¢livitie$ includes all gains and losses recognised in the year.
The notes on pages 16 to 33 fom part of these financial slatemenls.
Page11

GLOW CHURCH UK LTD
(A company limited by guarantoo)
REGISTERED NUMBER: 08703834
CONSOLIDATED BALANCE SHEET
AS AT 31 MARCH 202S
2025
2024
14ote
Flx•d •g••ts
Tangible assets
14
2,085,418
2.114,086
2,08S.418
2.114,086
Current assets
Debtors
Cash al bank and In hand
16
40,80S
423.7S2
26.025
146,818
464,557
172,843
Creditors.. amounts falling due within one
year
17
1245,996)
(249,209)
Net curr•nt asgets I Ilablllt•s
218,561
(76,366)
Tol•l •88•t• le88 curr•nt Ilabllltl••
2,303,979
2,037, 720
Creditors.. amounts falling due after more
than one year
18
(1,147,213)
(1, 190, 172)
Net assets excluding p¢n$lon asset
1,156.766
84T,548
Totsl n•t •88018
1,156,766
841.548
Charity funds
Restricted funds
Unrestricted funds
1,156.766
847,548
Totil fund*
1,156,766
847,548
The Trustees acknovAedge their responsibilities for complying with the requirernents of the vlith respect to
accounting records and preparation of financial statements.
The financial slalemenls have been prepared in accordance V•ith the provlslons applicable to entities Subject to
the small companies regime.
The financial statements were approved and aulhorised for i88ue by the Trustee* on
2311212025
and signed on their behalf by..
Amy Glassbrook IDec 23, 2025 10..49..03 GMT)
A S Glassbrook
(Trusleel
The note$ on pages 16 to 33 form part of these financial statements.
Page 12

GLOW CHURCH UK LTD
(A company Ilmlted by guaranlfro)
REGISTERED NUMBER: 08703834
COMPANY BALANCE SHEET
AS AT 31 MARCH 2025
2023
2024
Not•
Flx•d a¥50ts
Tangilje assets
Investments
14
15
2,084,274
2.113,028
2,084,276
2, 113,029
Current assels
Debtors
Cash at bank and in hand
16
27.20S
399,666
29,577
117,745
426.871
147,322
c￿ditOrS.. amounts falling due within one
year
17
(208.072)
(223, 738)
Net current a838ts I Ilablllto•
218,799
(76,416)
Total a8801s lass currnnt Ilablllllos
2.303,074
2,036,613
Creditors.. amounts lalllng due after more
than one year
18
(1,122,666)
(1, 759,611)
N•t asset¥ excludlng p•n81on •s•el
1,180,508
8T7,(102
Total not a88•t8
1,180,508
877,002
Charlty fund8
Reslricled funds
Unreslricled funds
1,026
1,179,482
877,002
Totsl lund$
1.180.508
877,002
The Company's net movement in funds for the year was rJ03,506 (2024- £19,992).
The Trustees ackn￿edge their responsibilities for complying with the requlrements of the Act V&ith respe￿ lo
accountin9 records and preparation of financial statements.
The financial slalemenls have been prepared in accordance viith the provisions appllcable to entities subject lo
the small companies regime.
The financial slalernents were approved and aulhorised for issue by the Trustees on
2311212025
and signed on their behalf by..
Page 13

GLOW CHURCH UK LTD
(A company Ilmltod by guarantee)
REGISTERED NUMBER: 08703834
COMPANY BALANCE SHEET (CONTINUED}
AS AT 31 MARCH 2025
Amy Gla55brook (Dec 23, 2025 10.'49'03 GMTI
A S Glassbrook
(Twstee)
The notes on pages 16 to 33 form part of these financial slatemenls.
Page 14

GLOW CHURCH UK LTD '
(A company Ilmlt•d by guarants•
CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
2026
2024
Cash flows from operating activities
Net cash used in operating activities
342,925
82,064
Cash flowg from invostlng activltlos
Oisposal of tangible fixed assets
Purchase of tangible fixed a$$ets
(3.666)
(19. 199)
(10.4781
N•t ¢••h u••d In Inv•$tlng activltloi
111,614)
(22,865)
Cash flows from financing activitles
Cash inflows from new borrowing
Repaymenls of borrowng
272,317
(271.4 12)
154.377)
Net ¢a$h {us¢d Inllprovld•d by flnanelng a¢tlvltl•s
154,377)
905
Change in cash and cash 0guival•nls in thg yoar
Cash and cash equivalents al the beginning of the year
276.934
60.104
146,818
86.714
Ca8h and ¢••h •qulvalonts •t th• end of Iho y•ar
423,752
146,818
The notes on pages 1610 33 fom part of these financial statements
Page 15

GLOW CHURCH UK LTD
(A company Ilmited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
General infomiatlon
The charitable company, a public benefft entty, is limited by guarantee and is registered in England and
Wales. The mernbers of the charitable company are the Twstees named on page 1. In the event of the
Charitable company being wound up. the liability of the guarantee is fv'miled to £1 per member. The
registered office of the charitable company is Glow UK Long Tens Way, Aycllffe Busine58 Park, Newton
Aycltffe, Co Durham. OLS 6AP.
The presentation currency of the financial statements is the Pound Sterfing {£).
Accountlng pollcios
2.1 Basis of preparation of Iln•n¢lal stat•ments
The financial slatemenl$ have been prepared in accordance 4Mth the Charrties SORP (FRS 1021
Accounling and Reporting by Charities,. Sialemenl of Recommended Practice applicable lo charrties
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 (effective 1 January 2019}, the Financial Reportin9 Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Glow Church UK Ltd meels the definition of a public benefit entity under FRS 102. Assels and
liabilities are initially recognised at hlsloncal cost or transaction value unless other4•￿Se stsled in the
relevant accounting policy,
The Con801idated statement of financial activities (SOFA} and Consolidated balance sheet
consolidate the financial slalemenls of the Company and ils subsidiary undertaking. The results of
Ihe subsidiary are consolidated on a line by line basis.
The Company has taken advantage ol the exemption allowed under 98clion 408 of the Companies
Act 2006 and has not presented ils own Stalement of financial activilies in these financial
statements.
2.2 Golng concern
After maklng approprlale enquiries. the Trustees have a reasonable expectation that the Charitable
Company has adequate resources to continue in operational existence lor the foreseeable future.
For this feason. they continue lo adopt the going concern basis in preparing the financial slalemenls.
2.3 Income
JI in¢ome is recognised once the Company has enlillemenl lo Ihe income, il is probable that the
income will be received and the amount.of income receivable Can be measured reliably.
Income from charitable aclivilies where related lo performance and specific deliverables are
accounted for as the Charity eams the right lo consideration by rts performance. Where income is
received in advance of ils recognition it Is deferred and included in creditor8. Where enlidemenl
occurs before income being received, the income 1$ accrwl. No amounts are included in the
financial slalements for services donated by volunteers.
Other income is ￿cOgnised in the period in wh)ich it is receivable and to the extent the goods have
been provided or on completion of the service.
2.4 Exp•ndlturo
Page 16

GLOW CHURCH UK LTD
(A Company limltsd by guaranlee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng policies (contlnuedl
Expenditure is ￿COgnISed once there is a legal or constructive obligation to transfer economic
beneh'i lo a Ihird party, il is probable that a transfer of economic benefits will be required in
settlement and the amount of Ihe obligation can be measured reliably. Expenditure is classified by
aclivily. The costs of each activity are made up of Ihe total of direct costs and shared cosls,
including support cost5 involved In undertaking each acllvity. Direct C0515 attributable to a single
activity are allocated directly lo that activity. Shared costs *M)ich contribute lo more than one activity
and support costs 4thich are not attributable lo a single acts'vty are apportioned be￿en those
activities on a basis consistent with the use of resources. Central staff costs are allocated on th?
basis of lime spent. and deprecotion char9es allocated on the porb'on of the asset's use.
Expenditure on raising funds includes all expenditure incurre"d by the Group lo raise fvnds for its
charitable purposes and includes Costs ol all fundraising activities events and norfr¢haritable trading.
Expendlture on charitablè acts'vities is incurred on directly undertaking Ihe acts'villes vthich furth8r the
Group's objectives, as well as any associaled Support CO815.
All expendilure is indusive ol Irrecoverable VAT,
2.5 Inlere8t r8Coivabl•
Interest on funds held on deposil 1$ in¢luded when receivable and the amount can be measured
reliably by the Group.
2.8 T•nglble flx•d ••••t• and depreclatlon
Tangible fixed assels costing £200 or more are ¢apilali$ed and reco9nised vthen futurè •conomlc
benefits are probable and the cost or value of the asset can be measured ￿lIablY.
Tangible fixed assets are inits'ally recognised at cost. After recognition, under the cost model,
tangible fixed assets are measured at cost less accumulated depreciation and any accumulated
impaifment losses. All costs incurred to bring a tangible fixed asset into ils intended working
condition Should be included in the measuiemenl of cost,
Oepreclation IJ char9ed so a$ lo alloc8le the cost of tan9ible fixed assets le$$ their residuol value
over their eslimated uselul lives.
Depreciation is provided on the follwng bases..
Freehold property
Plant and machinery
Revaluation model.
25% slraighl line on cost and Straight line over
10 years
25% straight line on cost
2fh25% slraighl line on cost
Fixtures and fith'ngs
Computer equipment
The property 1$ held at market value, it is maintained regularly throughout the year and for this
reason the Iru$lee$ do not believe il is appropriate to depreciate the property.
2.7 Invostmonts
Investments in subsidiaries are valued al cost less provision for impaiTmenl.
Page 17

GLOW CHURCH UK LTD
(A company Ilmltgd by guarant8•)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting policies (continued)
2.8 Debtors
Trade and other debtors are recognised al Ihe 88tt1emenl amount after any trade discount off?r9d.
Prepayments are valued al the amount prepaid net of any trade discounts due.
2.9 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments a short
maturity of three months or less from the date of acquisition or opening of the deposit or similar
account.
2.10 Liabilltl•• and provl•long
Liabilities are recognised when there is an obligation at the Balance sheet dale as a result of a past
event. il is probable that a transfer of economic benefit bMII be required in settlernent. and the
amount of the settlement can be estimated reliably.
2.11 Financial instrtsm•nts
The Group only has financial assets and financial liabilrties ol a klnd that quality as basic flnan¢lal
instrumen13. Basic financial inslrumenls art initially recognised al Iran5aclion value and
subsequenlly measured al their settlement value with the ex¢eption of bank loans which are
subsequently measured at amortised cost using the effective interest method.
2.12 Pensions
The charitable company operates a defined contribution pension scheme. Conlribulions payable to
the charitable company's pension Scheme are charged to the Slalem¢nt of Financial Aclivilitss in th•
period lo vthich Ihey relate.
2.13 Fund aecountlng
General funds are unreslricled funds vthich are available for use at the discretion of the Trustees in
furtheiance of the general objeclives of Ihe Group and 7knich have nol been designated for other
purposes.
Restricted lunds are funds which are to be used in accordance with specific reslrlctions imposed by
donors or which have been raised by the Group for particular purposes.
Income from donations and legacies
Unrn•trlcted Restricted
funds
funds
2025
2025
Total
funds
2025
Donations
407,999
18.998
426,997
Page 18

GLOW CHURCH UK LTD
IA company liffllt￿ by guarant•o)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Incom• from donations and leg4¢i•8 (contlnu•d)
Unrestricted
lunds
2024
Restricted
funds
2024
Total
funds
2024
Donations
307,421
6,25T
313,678
Ineluded wthin donalions above are Church donations amounting to £359,07312024.' £266.032) and gift
aid of £67,924 (2024.. £47,646).
Incom? from chafllabl? actlvltl•s
Unre5trl¢ted Rostrictgd
funds
fund8
2025
2025
Totsl
fund8
2025
Grants
Nursery Fees
515,364
285,340
2,429
517,793
285.340
Totsl 2025
800,704
2,429
803.133
Unrestnctéd
funds
2024
Total
lunds
2024
Gran1$
Nursery Fee$
234, 331
379,391
234, 331
379,391
Total 2024
613,722
613,722
Incom• from other Iradlng actlvltle
Incorne from non charilable trading a¢tivitios
Unrnstricted
fund$
2025
Total
funds
2025
Trading Subsidiary- Turnover
283,691
283,691
Pa9e 19

GLOW CHURCH UK LTD
(A company limlted by guarnntse) '
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
Incomè Irom other tradlng actlvllles (conllnued)
Incom• from non charitsble tradlng acllvltles l¢ontinued)
Unrestricted
funds
2024
Total
lunds
2024
Trading Subsidiary- Tumover
163,234
163,234
Invèsthient Income
Total
funds
2025
Unreslncled
funds
2024
Total
funds
2024
Bank interest received
382
382
Oih•r charilablo g¢tlvlte8
Unrnstrictod
fundg
2025
Totsl
funds
2025
Other incom8
39.918
39,918
un￿striCted
funds
2024
Restricted
funds
2024
Total
funds
2024
Other income
25,308
8,362
33,670
Expenditure on ralslng funds . Trading subsidiary
Pa9e 20

GLOW CHURCH UK LTD
(A company Ilmllod by guarJnts•
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Expenditurè on raising fun(ts- Trading subsidiary Icontinuedl
Trading expenses
Unre8tricl•d
funds
2026
Totsl
funds
2025
Trading subsidiary - General expenses
Trading subsidiary- Wdges and salarie¥
Trading subsidiary- Nl
Trading $ub$idiary- pension costs
Trading subsidiary- depreciation
91,983
80,795
2,600
1,972
379
91,983
80.795
2,600
1,972
379
Total 2025
177.729
177,729
Page 21

GLOW CHURCH UK LTD
(A company Ilmltod by guaranloe)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Expenditure on raising funds - Trading subsldlary (continu•d)
Tradlng exp•n¥es {contlnu¢dl
un￿striCted
funds
2024
Total
lunds
2024
Tradlng $ub$idiary- General expenses
Trading subsidiary- wage$ and salaries
Trading subsidiary- Nl
Trading subsidiary- pension cost$
Trading subsidiary- depreciation
56,446
50, 787
1,709
1,499
303
56,446
50.787
1,709
1.499
303
rotel 2024
110, 144
110, 744
Analy81• of •xpendlturo on ch•rllabl• actlvltlo8
Summary by fund type
Unrestrlcted Restricted
funds
funds
2025
202S
Total
2025
Charllable aclivilies
1,046,391
20,401
1.066,792
Unrestricted
lunds
2024
R8slricled
funds
2024
Tol81
2024
Charitable actmtses
963.341
14,619
977,960
Page 22

GLOW CHURCH UK LTD
(A company Ilmlt•d by guarnntso)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 202S
10. Analysls of expendlture by a¢tivitl•8
Activltles
undertaken
directly
2025
Support
costs
2025
Totsl
funds
2025
Charitable a¢livities
906.994
159.798
1.066,792
Aclivilies
undertaken
directly
2024
Support
costs
2024
Tot81
funds
2024
Charitable acth'vities
757, 789
220,171
9T7,960
Analysis of direct costs
Total
lunds
2025
Actlviti••
2025
staff costs
Insurance
Llghl and heat
Telephone
Repairs and renewals
Oirect Costs
Printing, postage and slalionary
665,790
10,911
50.904
9.658
31.795
133.084
4,852
665.790
10,911
50,904
9,658
31,795
133.084
4,852
906,994
906,994
Page 23

GLOW CHURCH UK LTD
(A company limited by gvaranto•)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
10. Analysis of expenditure by actlvlties {contlnued
Analysis of dlrtct costs Icontlnued)
Total
funds
2024
Actrrfities
2024
Staff costs
Rates and Vdler
Insurance
Light and heat
Telephone
Repairs and rènewals
Olrecl costs
604, 757
5,432
10, 961
29.956
3. 795
20.997
81.891
604. 757
5,432
10.961
29.956
3. 795
20.997
81.891
757, 789
757, 789
Analy6is of support costs
Total
lunds
2025
Actlvltl•8
2025
Depreciats'on
Management costs
Tralnlng
Bank Charges
Bank loan interest
Governance costs
38,767
5,777
3,536
3,744
92.085
15,889
38,767
5,777
3,536
3,7M
92,085
15,889
159,798
159,798
Page 24

GLOW CHURCH UK LTCI
IA company Ilmitod by guaranteo)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
10. Analysis of expenditure by ac16vltles (continued)
Analysis of support costs (continued
Tolal
ffunds
2024
Aclivilies
2024
Depreciation
Management costs
IT Costs
Training
8ank charges
Loss on sale of tangible a$setS
Bank loan interest
Governance costs
41,447
46,177
5, 729
2,839
3,203
2,929
709, 702
8, 145
41,447
46,177
5, 729
2,839
3,203
2.929
109, 702
8, 145
220,171
220, 171
11. Auditors. remuneratlon
2025
2024
Fees payable to the Company's auditor for the audit of the Company's
annkjal accounts
15,500
Fees payable to the Company's auditor in respect of.,
Al laxation advisory semces not Included above
350
No auditor fee was payable in the 2024 year end as the charity and its subsidiary fell below audit
Ihre$holdg.
12. Staff costs
Group
2025
Group
2024
Company
2025
Company
2024
Wages and salarles
s￿la1 secunty costs
Contribution to defined contribution pension
schemes
692,807
32,324
611,649
34.984
612,012
29,724
560,862
33.275
26,026
12.119
24,054
10.620
751,157
658, 752
665.790
604, 757
Page 25

GLOW CHURCH UK LTD
(A company limltod by guarant••)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
12. Slaff costs l¢ontlnued)
The average number of persons employed by the Company during the year was as follows..
Group
202S
No.
Group
2024
No.
Company
2025
No.
Company
2024
No.
Charitable activities
Management and adminislrabon
58
49
55
46
59
50
56
47
No employee recelved remuneration amounting ta more than £60,000 In either year.
13. Tru8t•os' r•mun•ratlon and 0xpen808
During the year, one or rn0￿ Twslees has been paid remuneration or has received other beneffils from
an employment wlh the Company. A G Cherrie has re¢eived remuneralion in his role as Lead Pastor and
A S Glassbrook has received remuneration in hèr role as Finance Director. The value of Truslees,
remuneralion and other beneffits was as lollows:
2025
2024
A G Gherrie
A S Glassbrook
Remuneration
Remuneration
44,249
5.808
42.164
4.300
Durlng the year ended 31 March 2025, expense8 tolalling £1.949 Y￿re reimbursed or paid directly lo 3
Trustees (2024 - £NIL lo Truslee).
1& Tanglble fixed assets
Group
Freehold
property
Plant and Fixtures and
machinery
flttings
Cornputer
equipmont
Total
Cost or valuatlon
Al 1 April 2024
Additions
Disposals
1,850,000
347,237
4T1
{2,039)
32,335
6,938
(2,1001
8.561
3,069
2,238.133
10,478
14,139)
Al 31 March 2025
1,850.000
34S,669
37,173
11,630
2,244.472
Page 26

GLOW CHURCH UK LTD
(A company Ilmlt•d by guarant••}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
14. Tanglblg Ilxed ass•ls (contlnuedl
Group (contlnued)
Frèohold
property
Plant and Fixturès and
rnachinèry
fittings
Computer
uipmèftt
Totsl
Depr•cSatlon
Al 1 April 2024
Charge for the year
On disposals
114,694
29,812
(1,501
7,288
6,116
(1,5021
2,065
2,082
124.047
38.010
13.003
At 31 March 2025
143,006
11,902
4,147
159,054
Net book value
Al 31 March 2025
1,850,000
202,664
25,271
7,483
2,085,418
At 31 March 2024
1,850,000
232,543
25,047
6.496
2. 114,086
Company
Freehold
proporty
Plant and Flxtur•s and
maehlnery
flttlngs
Computor
gquipm•nt
Totsl
Cost or valuatlon
Al 1 April 2024
Addilions
Disposals
1,850,000
347,237
471
12,0391
32,335
6,938
12,100)
7,200
2.604
2,236,772
10.013
(4,1391
At 31 Marth 2025
1,850.000
345,669
37,173
9,804
2,242,646
Depreclation
Al 1 April 2024
Charge for Ihe year
On disposals
114,694
29,812
(1,501
7,288
6,116
11,5021
1,762
1.703
123,744
37.631
13,0031
Al 31 March 2025
143,005
11,902
3.465
158.372
Net book valu•
Al 31 March 2025
1,850,000
202,664
25,271
6,339
2,084,274
At 31 March 2024
1,850,000
232,543
25,047
5,438
2.113,028
Page 27

GLOW CHURCH UK LTD
IA company limitod by guaAntso)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
14. Tangible Ilxed a￿ets Icontinuodl
Company (contlnued)
A valuation was provided in the 2023 year fof mortgage purposes bthich had been used to revalue Ihe
property- The extemal valuer noted to rebuild the property, the cost would be around £6.670.000,
however the current market value 1$ £1,850,000 due to the nature of the propety it is very diffKult lo
ascertain a value in use. Management are of the view that the building is worth well in excess of this
valuation.
15.
Flxod a•••t Inv•*tm•nts
In¥ostmants
In
subsldlary
compan1•¥
Company
Cost or valuatlon
Al l April 2024
Al 31 March 2025
N•t book value
At 31 March 2025
A131 March 2024
Principal sub$idiarie8
The lollowng was a subsidiary undertaking of the Company..
N•m•
Company
number
Prlnclpal actlvlty
Class of
shares
Holdlng
Innovate County Durham Llmited
08764875
Management
services. coffee shop
and conferencing
facilities
Ordinary
100%
Included in
Consolidation
Yes
Page 28

GLOW CHURCH UK LTD
(A company limlted by guarnnteo)
140TES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
15. Fixèd asset investments lcontinuedl
The financial results of the subsidiary for the year v￿re=
Narn•
ProfiLIIL088P N•t a880tg1
I Surplugl
ILlablllllo8)
(Deficit) for
the year
Innovate County Durham Limrted
5,713
(23,741)
16. Debtors
Group
2025
Gmup
2024
Cofflpany
2025
Company
2024
Due wilhin one year
Trade debtors
Amounts owed by group undertakings
Other debtors
Prepayment$ and accrued income
16,862
19,047
3,562
9,100
16,171
1, 124
3.182
8,933
15,010
1, 124
5,854
8,933
14,710
40.805
26,025
27.205
29.577
17. Cr•dltor¥: Amount• f•lllng due wlthln one year
Group
2025
Group
2024
Company
2025
Company
2024
Bank loans
Other loans
Trade ¢reditors
Amounts owed to group undertakings
Other laxatiOD and social secunty
Other creditor5
Accruals and deferred income
43,387
134,478
43,387
147,978
17,667
37,472
134,478
1,635
144
8,056
9,479
16.80B
37,472
147,978
14,371
34,759
9,479
22.082
20, 152
4,170
15.855
6.125
4,170
13,622
245,996
249,209
208,072
223, 738
18. Croditor5: Amounts falling duè aftor more than one year
Group
2025
Group
2024
Company
2025
Company
2024
Bank loans
1,147.213
1,190,172
1,122,566
1. 159,611
Page 29

GLOW CHURCH UK LTD
(A company limlted by guarant••)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
18. Credltorn: Amounts falllng duè after rnore than ono ygar Icontlnuedl
Group
202S
Group
2024
Company
2025
Company
2024
8ank loans and other loans are recorded in short and long term credilors based on the profie of
repayment ol the loans.
Other loans ffjlales lo a loan from Glow Church Australia, a interest rate ol 0% and a year end value
of £134.478. There Is no defined repaymenl temis for the loan and so it is shovffl fully within Short term
¢rediloTs.
Included wthin bank loans are the followin9 loans, alongside the appropriate year end balance. interest
Tale and expected final repayment date..
A mortgage had been provided by Stewardship with a year end value of £1,148.371, an interest rate of
7.750k and a fi.nal repayment dale of September 2042.
A covid l)ounce bank loan had been provided by Barclays with a year end value of £11,667, an interest
rate of 2.5•A and a fi'nal repayment dale of May 2026.
Within the subsidiary a further Covid Bounce back loan had been provided by Barclays wth a year end
Value of £30.562, an interest rale of 2,5PA and a final repayment dale of June 2030.
19. 8ummary ol funds
8ummary ol funds - currnnt year
8•lance It
J1 March
2025
B•lancè at 1
Aprll 2024
Trnn•fers
Inlout
Incom• Exp•nditur•
General funds
Resln¢led funds
847,548
1,532,312
21,427
11,224,120)
120,401)
1,026
11,026)
1,156,766
847,548
1.553,739 (1.244.521
1,156.766
Page 30

GLOW CHURCH UK LTD
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
19. Summary of funds (continued)
Summary of funds - prior year
Balance at
31 March
2024
Balance al
1 April 2Q23
Income Expenditure
General funds
Restricted funds
811,566
1,110,067 (1,074,085)
14,619
(14.619)
847,548
811,566
1. 124,686 {1,088,7Q4)
847, 548
Glow Church- Glow Cares
Sensory Spa¢e: Grant income was received lo purchase sensory equipment, with expendilure
applied directly to the creation and maintenance of the Sensory Space. The grant excluded VAT and
therefore this was covered by Glow Church.
W•llbeing Wednesday: Grant funding supported weekly community outreach events, including
the Little Slars toddler group, Coffee & Connect sessions, and chair based exercise classes.
Expenditure covered food. materials, and facilitation.
Household Support: Grant income was used lo provide essential household support to local
residents in need, with expenditure directed to supplies and assistance.
Llghl Night.. Funding was received for the annual children's communlly event held on 31
October, with expenditure covering evenl decor, craft supplies and costumes.
Little Cubs Day Nursery
Early Years Pupil Premium: Income was received to provide designaled resources for eligible
pupils, with expenditure applied lo largeled educational support.
Dlsablllty Acces8 Fund: Income was received to support designated pupils requiring additional
access resources, with expendilure directed to speclalisl provision for the named individuals.
The transfer in the year relates to restricted funds being spent on capital additions.
20. Analysls of net a$$•ts betw••n funds
Analysis of net assets belween funds - current year
Unrestricted
funds
2025
Total
funds
2025
Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
2,085,418
2,085,418
464,557
464,557
(245.996) (245,996)
(1,147,213) (1,147,213)
Total
1,156,766
1,156,766
Page 31

GLOW CHURCH UK LTD
(A company limited by guardnto0)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 202S
Analysis of not assets between funds (continued)
Analysis of net assets between funds - prior year
Unrestricled
funds
2024
To¢81
lunds
2024
Tangible fixed assets
Current asset5
Creditors due within one year
Crédllor$ due in more than one yoar
2,114,086
2. 114,086
172, 843
172, 843
(249,209)
f249,209)
(1, 190, 172) (1. 190, 772)
Total
847, 548
847,548
21. R•conclllatlon of net mov?ffl•ni In funds to n•t ¢a$h flow from opfrratlng actlvltlos
Group
2025
Group
2024
Net income for the year (as per Statement of Financial Activits'esl
309.218
35,982
AdJu•tments for:
Depreclalion charges
Increase in debtors
Increase in creditors
38,010
114,7801
10,477
42.809
(10,351)
13,624
Net Cash provlded by operating actlvllles
342,925
82,064
2Z. Analysis of cash and Cash equlval•nl8
Group
2025
Group
2024
Cash in hand
423,752
146.818
Total cash and rA8h equlvalents
423,752
146,818
Page 32

GLOW CHURCH UK LTD
{A company Ilmitod by guarant0•1
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
23. Analysis of changes in net debt
At 1 April
2024 Cash flow8
At 31 March
2025
Cash at bank and In hand
Oebt due within 1 year
Debt due after 1 year
146.818
1191.3651
(1,190,172)
276.934
13.500
42,959
423,752
(177,865)
11,147,213)
11,234,719)
333.393
{901,326}
24. Penslon commltrnents
The group operates a defined contribution pension Scheme. The assets of Ihe scheme arè held
separately from those of the group in an independently administered fund. The pension cost charge
represents contributions payable by the group to the fund and amounted to £26,026 (2024 - £12,119).
2S. Related party transacliong
Innovate County Durham Limited is a related party based on the enlity being a company b¥holy owned by
the charity.
During the year. the amounts received from Innovate County Durham Limlled which relate lo Glow
Church UK Ltd total £100.00012024'. £36.5001.
Al the year end the charity owed £144 {2024'. was owed £16,171) from Innovate County Durham Llmited.
Al the year end. the charity owed £134,47812024'. £147,978) to Glow Church Australia. a member of the
Gl¢)w Church community. This amount is interest free and repayable on demand.
Page 33