## **CHRIST GLORY WORD MINISTRIES FINANCIAL STATEMENT FOR THE PERIOD ENDED 31 JULY 2021**
|**CONTENTS**||
|---|---|
|**PAGES**||
|**1.COMPANY INFORMATION**|**1**|
|**3. ACCOUNTANTS REPORT**||
|**2**||
|**4. STATEMENT OF DIRECTORS’ REPORT**||
|**3-4**||
|**5. ACCOUNTANT’S REPORT**|**4-5**|
|**6. BALANCE SHEET**|**5-6**|
|**7. SUMMARIZED & DETAILED INCOME & EXPENDITURES**||
|**7-8**||
|**8. NOTES TO THE FINANCIAL STATEMENT**|**9-10**|
## **CHRIST GLORY WORD MINISTRIES FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JULY 2021**
## **INCORPORATION NUMBER:**
08604938
**STATUS:** GUARANTEE
PRIVATE COMPANY LIMITED BY
## **DIRECTORS:**
ABOLADE AKINREMI
## **SECRETARY:**
OLAWALE OLUSOLA OGUNYODE
## **REGISTERED OFFICE:**
21 HOLST AVENUE BASILDON ESSEX SS15 5RD
## **ACCOUNTANTS:**
Colinson and Company Ltd Accountants and Tax Consultants
Regent 88, Unit 3 201 Church Road London, E10 7JQ
Page I
## **REPORT OF THE ACCOUNTANTS TO MEMBERS OF CHRIST GLORY WORD MINISTRIES FOR THE PERIOD ENDED 31 JULY 2021**
We have examined the accounts for the period 31 July 2021.
## **Respective Responsibilities of Directors and Reporting Accountants**
As described on page 4 the company’s directors are responsible for the preparation of accounts. It is our responsibility to examine the accounts and based on our examination to report our opinion, as set out below, to the shareholders.
## **Basis of Opinion**
We conducted our opinion in accordance with the appropriate standards for reporting accounts issued by the Auditing Practices Board. This examination consisted of comparing the accounts with the accounting records kept by the company and making such limited enquiries of the officers of the company, as we considered necessary for the purposes of this report.
## **Opinion**
In our opinion:-
- (a) The accounts are in agreement with the accounting records kept by the company under S386 of the Companies Act 2006.
- (b) Having regards only to, and on the basis of, the information contained in those accounting records:
- (i) The accounts have been drawn up in a manner consistent with the accounting requirements specified in S393 of the Act: and
- (ii) The company satisfied the conditions for exemption from audit of the accounts for the period specified in S477 of the Act and did not, at any time within that period, fall within any of the categories companies not entitled to the exemption specified in S478 of the Companies Act 2006.
**COLINSON AND COMPANY LTD. ACCOUNTANTS AND TAX CONSULTANTS**
**REGENT 88, UNIT 3 210 CHURCH ROAD LEYTON LONDON E10 7JQ**
**DATE ..............................…............**
## **Page 2**
## **CHRIST GLORY WORD MINISTRIES DIRECTOR’S REPORT FOR THE PERIOD ENDED 31 JULY 2021**
The Director presents his report and financial statements for the year period 31 July 2021.
## **OBJECTIVES AND ACTIVITIES**
Our principal activity is the liberation of lost souls by the word of God and raising great nations through the teaching of Jesus Christ. In addition, the charity helps in the relief of poverty in all parts of the world; directly to our immediate members, their families, members of local and international communities as occasion demands, in cash and in kind.
## **DIRECTORS’ RESPONSIBILITIES**
Company law requires the directors to prepare accounts for each financial year, which gives a true and fair view of the state of affairs of the company and the profit or loss of the company of that period. In preparing those accounts, the directors are required to:
- select suitable accounting policies and then apply them consistently
- make judgements and estimates that are reasonable and prudent
- follow applicable accounting standards, subject to any material departures disclosed and explained in the accounts
- prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business
The directors are responsible for keeping proper account records which, disclosed with reasonable accuracy at any time, the financial position of the company and to enable them to ensure that the accounts comply with the Companies Act. 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Page 3**
## **CHRIST GLORY WORD MINISTRIES DIRECTOR’S REPORT CONTINUED FOR THE PERIOD ENDED 31 JULY 2021**
Colinson and Company Ltd, Accountants and Tax Consultants have indicated their willingness to continue to act for the company. Accordingly a resolution will be proposed at the forthcoming Annual General Meeting.
## **Basis of Preparation**
In preparing the above report, the directors have taken advantage of special exemptions applicable to small companies under S477 of the Companies Act. 2006.
## **SIGNED ON BEHALF OF THE BOARD**
**………………………….…………………. DIRECTOR**
## **ABOLADE AKINREMI**
## **…………………………………………….. SECRETARY OLAWALE O. OGUNYODE**
## **APPROVED BY THE BOARD**
## **DATED THIS ……………………..**
**DAY OF ……..……………….. 20…**
## **Page 4**
## **CHRIST GLORY WORD MINISTIRES BALANCE SHEET AS AT 31 JULY 2021 (CONTD)**
The directors have taken the advantage of the Companies Act 2006 in not having these Accounts audited Under Section 477.
The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2015 in accordance with Section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for:
- a. Ensuring that the company keeps accounting records which comply with Section 386 of the Companies Act 2006 and
- b. Preparing financial statement which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Section 393 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as application to the company.
- c. These accounts have been prepared in accordance with the provisions applicable to
companies subject to small companies’ regime.
**SIGNED ………. .….….……..……DIRECTOR** ABOLADE AKINREMI
**SIGNED ------------------------------------SECRETARY OLAWALE O. OGUNYODE**
**Page 6**
## **CHRIST GLORY WORD MINISTRIES BALANCE SHEET AS AT 31ST JULY 2021**
|**FIXED ASSETS**
Tangible Assets
**CURRENT ASSETS**
Cash in Hand
Cash in transit
Cash at Bank
Debtors
Prepayment
**CURRENT LIABILITIES**
Sundry Creditors: Amounts falling due
within 1 year
**NET CURRENT ASSETS**
**NET ASSETS/LIABILITIES**
**CREDITORS:**
Amount falling due
after more than 1 year|**Notes**
**4**
**5**
**5**|**Unrestricted Fun**|**Unrestricted Fun**|
|---|---|---|---|
|||**£**|**2021**
323
0
88,833
4,648
0
93,803
25,480|
## **UNRESTRICTED FUNDS**
Shares Guaranteed
10
Add: Net Income/Outgoing Resources Prior Year Adjustment
125,695 -
Accumulated Funds C/F
## **Page 5**
## **CHRIST GLORY WORD MINISTRIES STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST JULY 2021**
|**INCOME**
Incoming resources from donation
Other incoming resources
**TOTAL INCOMING RESOURCES**
**RESOURCES EXPENDED**
Costs of generating funds
Missionary and Charitable giving
Activities directly relating to the
work of the church
Church Management and Administrat
**TOTAL RESOURCES EXPENDED**|**Notes**
**2**
**3**
**(3a)**
**(3b)**
**(3c)**|**Unrestricted**|**Unrestricted**|**Restricted**|**Restricted**|
|---|---|---|---|---|---|
||||**Funds**
**£**
55,523
-
**55,523**
908
34,439
34,010
**69,357**||**Funds**
**£**
0
-
**-**
-
-
-
**-**|
|**NET INCOMING/(OUTGOING) RESOURCES**|**-13,834**|-|
|---|---|---|
|**BALANCE BROUGHT FORWARD AT**|||
|**###**|**-3,972**|-|
|**PRIOR YEAR ADJUSTMENT**|-|-|
|**NET MOVEMENT IN FUNDS**|**-17,806**|-|
||**Page 7**||
## **CHRIST GLORY WORD MINISTRIES NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31st JULY 2021**
## **1 ACCOUNTING POLICIES**
- a. The accounts are prepared under the historical cost convention w which are stated at market value. They comply with the requirem Recommended Practice 'Accounting Charities' ('SORP') and are in accounting standards.
- b. General accumulated funds are unrestricted funds available to the and include funds designated by the Church for a particular purpo funds remains at the discretion of the Church's Trustees.
- c. There is no Restricted Fund at the moment.
- d. The governance, management and administration expenses repor of the Church's activities and a proportion of these charges are a on a basis consistent with the use of the resources.
- e. Investments are stated at market value. It is the Church's policy such that when investments are sold there is no gain or loss arisin
- f. Tangible assets are included at cost and depreciation is provided write off the assets over their useful lives.
|of the assets over their useful lives.||
|---|---|
|Motor Vehicles|20% per annu|
|Equipments|15% per annu|
|Fixtures & Fittings|15% per annu|
|Computers and Accessories|15% per annu|
|Building Renovation|10% per annu|
- g. All expenditure is accounted for on an Accrual Basis.
## **2 INCOMING RESOURCES**
|**2**
**INCOMING RESOURCES**||||
|---|---|---|---|
|Gift Aid
Ofering
Tithes
Evangelism
Building Fund
Other Income (Donation)
Interest Received
Retreat
Convention Funding
**TOTAL INCOMING RESOURCES**|**Unrestricted**||**Restricted**
**Funds**
**£**
-
-
-
-
-
-
-
**0**|
|||**Funds**
**£**
8,673
6,523
33,385
0
3,500
1,806
16
0
1,620
**55,523**||
|||||
**Page 8**
**CHRIST GLORY WORD MINISTRIES NOTES TO THE ACCOUNTS (CONTD FOR THE YEAR ENDED 31st July 20**
|**Unrestricted**
**Funds**
**£**
**3. RESOURCES EXPENDED**
3a.
Missionary and charitable giving:
908
**908**
3b.
Activities directly relating Church work
Church - running expenses
29,167
Church maintenance
0
Sunday School Leaders Training
-
Parish Magazines & Bookstall
-
Evangelism
668
Events (Training)
4,446
Welfare & Entertainment
158
**34,439**
3c.
Church Management and Administration
Administration
33,870
Bank Charges
140
Loan Interest
0
Arrangement Fees
-
Charge for year
-
**34,010**
**TOTAL RESOURCES EXPENDED**
**69,357**|**Unrestricted**|**Unrestricted**|**Restricted**|**Restricted**|
|---|---|---|---|---|
|||**Funds**
**£**
908
**908**
29,167
0
-
-
668
4,446
158
**34,439**
33,870
140
0
-
-
**34,010**
**69,357**||**Funds**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|
||||||
|**4FIXED ASSET**
**Ofice &**
**Leasehold**
**Musical**
**Equipments**
**Cost**
**£**
**£**
At 1 August 2020
**15,081**
Additions
**42,085**
**16,764**
Disposals
**0**
**42,085**
**31,845**
**Depreciation**
At 1 August 2020
**14,176**
Charge for the Ye **8,417**
**4,777**
On Disposal
**8,417**
**18,952**
**NBV at 2021**
**33,668**
**12,893**
**NBV at 2020**
**0**
**905**|**4FIXED ASSET**
**Ofice &**
**Leasehold**
**Musical**
**Equipments**
**Cost**
**£**
**£**
At 1 August 2020
**15,081**
Additions
**42,085**
**16,764**
Disposals
**0**
**42,085**
**31,845**
**Depreciation**
At 1 August 2020
**14,176**
Charge for the Ye **8,417**
**4,777**
On Disposal
**8,417**
**18,952**
**NBV at 2021**
**33,668**
**12,893**
**NBV at 2020**
**0**
**905**|**4FIXED ASSET**
**Ofice &**
**Leasehold**
**Musical**
**Equipments**
**Cost**
**£**
**£**
At 1 August 2020
**15,081**
Additions
**42,085**
**16,764**
Disposals
**0**
**42,085**
**31,845**
**Depreciation**
At 1 August 2020
**14,176**
Charge for the Ye **8,417**
**4,777**
On Disposal
**8,417**
**18,952**
**NBV at 2021**
**33,668**
**12,893**
**NBV at 2020**
**0**
**905**|**4FIXED ASSET**
**Ofice &**
**Leasehold**
**Musical**
**Equipments**
**Cost**
**£**
**£**
At 1 August 2020
**15,081**
Additions
**42,085**
**16,764**
Disposals
**0**
**42,085**
**31,845**
**Depreciation**
At 1 August 2020
**14,176**
Charge for the Ye **8,417**
**4,777**
On Disposal
**8,417**
**18,952**
**NBV at 2021**
**33,668**
**12,893**
**NBV at 2020**
**0**
**905**|**4FIXED ASSET**
**Ofice &**
**Leasehold**
**Musical**
**Equipments**
**Cost**
**£**
**£**
At 1 August 2020
**15,081**
Additions
**42,085**
**16,764**
Disposals
**0**
**42,085**
**31,845**
**Depreciation**
At 1 August 2020
**14,176**
Charge for the Ye **8,417**
**4,777**
On Disposal
**8,417**
**18,952**
**NBV at 2021**
**33,668**
**12,893**
**NBV at 2020**
**0**
**905**|**Motor**
**Vehicle**
**£**
**48,788**
**0**|**Building**
**Renovation**
**£**
**3,450**
**15,018**
**0**|**Building**
**Renovation**
**£**
**3,450**
**15,018**
**0**|
|---|---|---|---|---|---|---|---|
|||||||||
||**42,085**|||**31,845**
|**48,788**||**18,468**|
|||||**14,176**
**4,777**|**39,030**
**9,758**||**3,220**
**1,847**|
|||**8,417**||**18,952**
|**48,788**||**5,067**|
|||**33,668**||**12,893**
**905**|**0**
**9,758**||**13,401**
**230**|
|||**0**||||||
**Page 9**
## **CHRIST GLORY WORD MINISTRIES NOTES TO THE ACCOUNTS (CONTD) FOR THE YEAR ENDED 31st July 2021**
||**£**|
|---|---|
|**CREDITORS AND ACCRUALS**||
|Accountancy and Bookkeeping|480|
|Motor Vechicle|7,794|
|Soft Loan|25,000|
||**£**|
|**DEBTORS**||
|Gift Aid|4,648|
## **5 CREDITORS AND ACCRUALS**
## **6 DEBTORS**
## **7 CLERGY ALLOWANCE**
## **No employee received remuneration amounting to more tha**
## **8 FUNDS**
Unrestricted funds comprise those funds which the trustees are fr the charitable objectives.
This is an incorporated charity, constituted by trust deed. It's prin the word and preaching the Gospel of Christ and the life after life and educational needs of the community. It has unrestricted fund accordance with SORP and with applicable accounting standards.
## 9 **Leases**
Payments made under operating leases (net of any incentives rece to the Statement of Comprehensive Income on a straight-line basi
Page 10
## **nds Unrestricted Funds 2020**
|**£**|**£**
**£**
65,176
97
0
138,593
0
455
139,144
480
68,323
133,499
7,794
**125,705**|12,295
138,664
150,959
11,421
**139,538**|12,295
138,664|
|---|---|---|---|
10
139,528 -
**125,705**
**139,538**
## **EndowmentTotal Funds**
|**Funds**
**£**
0
-
**-**
-
-
-
**-**|**2021**
**£**
55,523
-
**55,523**
908
34,439
34,010
**69,357**|**2020**
**£**
55,073
-
**55,073**|
|---|---|---|
|||0
42,602
16,442
**59,045**|
- **-13,834 -3,972** - **-3,972** - - - - **-17,806 -3,972**
with the exception of investments ments of Statement of n accordance with applicable
e church for its general purposes ose; the use of such designated
rted in note 3 relate to the whole allocated to expenditure headings
to keep valuations up to date ng to previous years.
on a straight line basis, in order to
m on a straight line basis m on a straight line basis m on a straight line basis m on a straight line basis m on a straight line basis
## **EndowmentTotal FundsTotal Funds**
|**Funds**
**£**
-
-
-
-
-
-
-
**0**||**2021**
**£**
8,673
6,523
33,385
0
3,500
1,806
16
0
1,620|2020
**£**
11,872
14,752
23,553
0
1,400
0
143
3,353
0|
|---|---|---|---|
|||**55,523**|**55,073**|
**S D) 021**
|**Endowment**
**Total Funds**
**Funds**
**2021**
**£**
**£**
-
908
-
**908**
-
29,167
-
0
-
-
-
-
-
668
-
4,446
-
158
-
**34,439**
-
33,870
-
140
-
0
-
-
-
-
-
**34,010**
-
**69,357**|**Endowment**
**Total Funds**
**Funds**
**2021**
**£**
**£**
-
908
-
**908**
-
29,167
-
0
-
-
-
-
-
668
-
4,446
-
158
-
**34,439**
-
33,870
-
140
-
0
-
-
-
-
-
**34,010**
-
**69,357**|**2020**
**£**
0
**0**
29,668
0
0
0
0
7,574
5,360
**42,602**
16,442
-
0
-
-
**16,442**
**59,045**|**2020**
**£**
0
**0**
29,668
0
0
0
0
7,574
5,360
**42,602**
16,442
-
0
-
-
**16,442**
**59,045**|
|---|---|---|---|
||**Funds**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|||
|||||
||||16,442
-
0
-
-
**16,442**|
||||**59,045**|
|**Computer &**
**Fixtures &**
**Accessories**
**Fittings**
**Total**
**£**
**£**
**£**
**3,522**
**9,896**
**80,737**
**0**
**6,853**
**80,720**
**0**
**0**
**0**|**Computer &**
**Fixtures &**
**Accessories**
**Fittings**
**Total**
**£**
**£**
**£**
**3,522**
**9,896**
**80,737**
**0**
**6,853**
**80,720**
**0**
**0**
**0**|**Computer &**
**Fixtures &**
**Accessories**
**Fittings**
**Total**
**£**
**£**
**£**
**3,522**
**9,896**
**80,737**
**0**
**6,853**
**80,720**
**0**
**0**
**0**|**Computer &**
**Fixtures &**
**Accessories**
**Fittings**
**Total**
**£**
**£**
**£**
**3,522**
**9,896**
**80,737**
**0**
**6,853**
**80,720**
**0**
**0**
**0**|**Computer &**
**Fixtures &**
**Accessories**
**Fittings**
**Total**
**£**
**£**
**£**
**3,522**
**9,896**
**80,737**
**0**
**6,853**
**80,720**
**0**
**0**
**0**|
|---|---|---|---|---|
|**3,522**||**16,749**
**161,457**|||
|**2,770**
**528**||**9,246**
**2,512**||**68,442**
**27,839**|
|**3,298**||**11,758**||**96,281**|
||**223**
**752**||**4,991**
**650**|**65,176**
**12,295**|
||||||
||**2021**
**£**
**£**
480
21,995
33,274
**2021**
**£**
**£**
4,648
|**2021**
**£**
**£**
480
21,995
33,274
**2021**
**£**
**£**
4,648
|**2020**
**£**|
|---|---|---|---|
||||22,475|
||||**2020**
**£**|
||||-|
## **an £50,000 in the year.**
ree to use in accordance with
ncipal objective is spreading e and to contribute to the health ds. It prepares its accounts in
.
eived from the lessor) are charged is over the period of the lease.
## **CHRIST GLORY WORD MINISTRIES FINANCIAL STATEMENT FOR THE PERIOD ENDED 31 JULY 2021**
|**CONTENTS**||
|---|---|
|**PAGES**||
|**1.COMPANY INFORMATION**|**1**|
|**3. ACCOUNTANTS REPORT**||
|**2**||
|**4. STATEMENT OF DIRECTORS’ REPORT**||
|**3-4**||
|**5. ACCOUNTANT’S REPORT**|**4-5**|
|**6. BALANCE SHEET**|**5-6**|
|**7. SUMMARIZED & DETAILED INCOME & EXPENDITURES**||
|**7-8**||
|**8. NOTES TO THE FINANCIAL STATEMENT**|**9-10**|
## **CHRIST GLORY WORD MINISTRIES FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 JULY 2021**
## **INCORPORATION NUMBER:**
08604938
**STATUS:** GUARANTEE
PRIVATE COMPANY LIMITED BY
## **DIRECTORS:**
ABOLADE AKINREMI
## **SECRETARY:**
OLAWALE OLUSOLA OGUNYODE
## **REGISTERED OFFICE:**
21 HOLST AVENUE BASILDON ESSEX SS15 5RD
## **ACCOUNTANTS:**
Colinson and Company Ltd Accountants and Tax Consultants
Regent 88, Unit 3 201 Church Road London, E10 7JQ
Page I
## **REPORT OF THE ACCOUNTANTS TO MEMBERS OF CHRIST GLORY WORD MINISTRIES FOR THE PERIOD ENDED 31 JULY 2021**
We have examined the accounts for the period 31 July 2021.
## **Respective Responsibilities of Directors and Reporting Accountants**
As described on page 4 the company’s directors are responsible for the preparation of accounts. It is our responsibility to examine the accounts and based on our examination to report our opinion, as set out below, to the shareholders.
## **Basis of Opinion**
We conducted our opinion in accordance with the appropriate standards for reporting accounts issued by the Auditing Practices Board. This examination consisted of comparing the accounts with the accounting records kept by the company and making such limited enquiries of the officers of the company, as we considered necessary for the purposes of this report.
## **Opinion**
In our opinion:-
- (a) The accounts are in agreement with the accounting records kept by the company under S386 of the Companies Act 2006.
- (b) Having regards only to, and on the basis of, the information contained in those accounting records:
- (i) The accounts have been drawn up in a manner consistent with the accounting requirements specified in S393 of the Act: and
- (ii) The company satisfied the conditions for exemption from audit of the accounts for the period specified in S477 of the Act and did not, at any time within that period, fall within any of the categories companies not entitled to the exemption specified in S478 of the Companies Act 2006.
**COLINSON AND COMPANY LTD. ACCOUNTANTS AND TAX CONSULTANTS**
**REGENT 88, UNIT 3 210 CHURCH ROAD LEYTON LONDON E10 7JQ**
**DATE ..............................…............**
## **Page 2**
## **CHRIST GLORY WORD MINISTRIES DIRECTOR’S REPORT FOR THE PERIOD ENDED 31 JULY 2021**
The Director presents his report and financial statements for the year period 31 July 2021.
## **OBJECTIVES AND ACTIVITIES**
Our principal activity is the liberation of lost souls by the word of God and raising great nations through the teaching of Jesus Christ. In addition, the charity helps in the relief of poverty in all parts of the world; directly to our immediate members, their families, members of local and international communities as occasion demands, in cash and in kind.
## **DIRECTORS’ RESPONSIBILITIES**
Company law requires the directors to prepare accounts for each financial year, which gives a true and fair view of the state of affairs of the company and the profit or loss of the company of that period. In preparing those accounts, the directors are required to:
- select suitable accounting policies and then apply them consistently
- make judgements and estimates that are reasonable and prudent
- follow applicable accounting standards, subject to any material departures disclosed and explained in the accounts
- prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business
The directors are responsible for keeping proper account records which, disclosed with reasonable accuracy at any time, the financial position of the company and to enable them to ensure that the accounts comply with the Companies Act. 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Page 3**
## **CHRIST GLORY WORD MINISTRIES DIRECTOR’S REPORT CONTINUED FOR THE PERIOD ENDED 31 JULY 2021**
Colinson and Company Ltd, Accountants and Tax Consultants have indicated their willingness to continue to act for the company. Accordingly a resolution will be proposed at the forthcoming Annual General Meeting.
## **Basis of Preparation**
In preparing the above report, the directors have taken advantage of special exemptions applicable to small companies under S477 of the Companies Act. 2006.
## **SIGNED ON BEHALF OF THE BOARD**
**………………………….…………………. DIRECTOR**
## **ABOLADE AKINREMI**
## **…………………………………………….. SECRETARY OLAWALE O. OGUNYODE**
## **APPROVED BY THE BOARD**
## **DATED THIS ……………………..**
**DAY OF ……..……………….. 20…**
## **Page 4**
## **CHRIST GLORY WORD MINISTIRES BALANCE SHEET AS AT 31 JULY 2021 (CONTD)**
The directors have taken the advantage of the Companies Act 2006 in not having these Accounts audited Under Section 477.
The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2015 in accordance with Section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for:
- a. Ensuring that the company keeps accounting records which comply with Section 386 of the Companies Act 2006 and
- b. Preparing financial statement which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Section 393 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as application to the company.
- c. These accounts have been prepared in accordance with the provisions applicable to
companies subject to small companies’ regime.
**SIGNED ………. .….….……..……DIRECTOR** ABOLADE AKINREMI
**SIGNED ------------------------------------SECRETARY OLAWALE O. OGUNYODE**
**Page 6**