CHRIST GLORY WORD MINISTRIES
ACCOUNTS
FOR THE YEAR
2024
COLINSON AND COMPANY LTD
Accountants and Tax Consultants
Regent 88, Unit 3
210 Church Rovdd
IKylon
London, EIO 7JQ
Tel: 0208 127 1180
Email: eolinststtandeo@gmAil.eom

CIIRIST GLORY WORD MINISTRIES
FtNANCIAL STATEMENT
FOR THE PERIOD ENDED 31 JULY 2024
CONTENTS
PAGES
I. COMPANY INFORMATION
3. ACCOUNTANTS REPORT
4. STATEMENT OF DIRF.CTORS' REPORT
34
5. ACCOUNTANT'S REPORT
6. BALANCE SHEET
7. SUMMARIZED & DETAILED INCOME & EXPENDITURES
NOTES TO THF. FINAIYCIAL STATEMENT
9-10

CHRIST GLORY WORD MINISTRIES
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JULY 2024
INCORPORATION NUMBER:
08604938
STATUS:
PRIVATE COMPANY LIMITED BY GUARANTEE
DIRECTORS:
ABOLADE AKINREMI
SECRETARY:
OLA WALE OLUSOLA OGUNYODE
REGISTERED
FFIC
21 HOI.ST AVENUE
BASILWN
SS15 5RD
AccouNfANTS:
Colinson and Company Ltd
Accountants and T&K Consultants
Regent 88. Unit 3
201 Church Road
London, Fl 0 7JQ
Page I

REPORT OF THE ACCOUNTANTS
TO MEMBERS OF
CHRIST GLORY WORD MINISTRIES
FOR THE PERIOD ENDF.D 31 JULY 2024
W¢ hav¢ examined the accounts for the period 31 July 2024.
Res
tive Res
llsibilities of Direetors Re
rtiD
A¢¢oulltants
As deslribed on page 4 ihc company'5 dircrtors are reswnsiblc for thc prcpar&tion of account5. It is our
responsibility lo examine the accounts and based on our examination lo ￿port our opinion, as set oul
below. lo the shareholders.
Basis of O
inioD
We conducted our opinion in accordance with the appropriate stsnd8rdg for ￿porting accounts issued by
the Auditing Practices Board. This examination consisted of comparing the ae¢ounts with the
accounting reGords kcpi by the company and making such limited enquiries of the officers of the
company, as we ¢onsidered n￿essary for the purposes of this report.
O Inion
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 infonnation ¢ontsined in those accounting
records:
The accounts have been drawn up in a manner consistent with the accountin8
requirements specified in S393 of th¢ Aci: and
The company saii5fied ihe conditions for exemption from audit of Ihe accounts for ihe
period specified in S477 of the Act and did no4 818ny time within that period. fall within
any of the caiegories Companies not entitled to the exempiion specified in S478 of the
Companies Act 2006.
COLINSON AND COMPANY LTD.
ACCOUNTANTS AND
TAX CONSULTANTS
REGENT 88, UNIT 3
210 CHURCHROAD
LEYTON
LONDON EIO 7JQ
DATE ..................................-......-.
Page 2

CHRIST GLORY WORD MTNISTRtES
DIRECTOR'S REPORT
FOR THE PERIOD ENDED 31 JULY 2024
Th¢ Director presents his report and financial statem¢nts for the year period 31 July 2024.
OKJEcfivES AND AcrivrTIES
Our principal activity is the liberation of lo￿ souls by the word ofGod and rdising gre￿ 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 lo￿1 and inlernational
communities as occasion demands. in cash and in ktnd.
DIRECTORS, RESPONSIBILITIES
Company law require5 the director5 10 prepare accounts for each financial year. which givcs a
true and fair view of the 51ate of affairs of the company and ihe Profil or loss of ihe company
ol.that period. In preparing those accounts, the direciors are required to:
5clwt 5uitsble ￿￿oUntIng policies and then apply ihem con5isi¢ntly
make judgements and estimates thal ￿ reasonable and prudent
follow applicable accounting stsndard4 subjeci to any M￿erIal departures disclosed
and explained in the accounts
prepare the accounts on the 8Oln8 concern basis unless it is inappropriate to presume
that the ¢ompany will coniinue in business
The directors ar¢ r¢sponsibl¢ for ke￿Ing proper acwunt records which, disclosed with
reasonable accuracy at any time. Ihe financial position of Ihe company and to enable them to
cnsure ihal the accounLs comply with the Companies Act. 2006. They are also responsible
for safeguarding the assets of the company and hence for taking reasonable sleps for the
prevention and detection of frdud and other irregularities.
Page 3

CHRIST GLORY WORD MINISTRIES
DIRECTOR'S REPORT CONTINUED
FOR THE PERIOD ENDED 31 JULY 2024
Colinson & Co, Accounlants and Tax Consultants have indicated their willingness to continue to act
fur the company. A¢cordingly. a resolution will b¢ proposed ai the forthcoming Annual General
Meeting.
BASIS of Pre
In preparing the alN)ve reporL the directors have tsken advants8e of special exemptions applicable
io small companies under S477 of the Companies Act. 2006.
SIGNED ON BEHALF OF THE BOARD
. DtRF.cfoR
ABOLADE AKINREMI
. SECRETARY
OLAWALE O. OGUNYODE
APPROVED BY THE BOARD
DATEDTHIS..........................
DAY OF ............................
20...
Page 4

HRIST CLORY WORD MINISTRIES
E SHEET AS AT 31ST JULY 2
24
Unre5tTlCted Funds
2024
Unrestricted Fiinds
2023
ED ASSET
Notes
aiigible Assets
11.496
29,594
URRENT ASSETS
'_ash iii Hand
'.asl) in ti'ansil
'.asli ai Baiik
lebtors
772
124,610
9.072
100.940
8.662
'repayment
133.682
11.874
.'URRENT LIABILITIES
.(Iiidiy Creditors.. Amounts falling due
within l y¢ar
IET CURRENT ASSETS
133 082
10.674
IEI. ASSETSILIABILITIES
144,578
140,267
'.RF.DITORS:
AmoLint falling due
after mol'e than l year
INRESTRICTED FUNDS
liares Guaranteed
.dd.. Net IiicomelOut8oin8 Resources
I'ior Year Adjiistment
144,568
140.257
c¢iimulated Funds CIF
Pg4ge S

CHRIST GLORY WORD IIIINISTIRES
BALANCE SHEET AS AT 31 JULY 2024
CONTD
The directors have taken the advantage of thc Companics Act 2006 in not having thesc Accounts audited
Undcr S¥Glion 477.
The members have nol required the comparty to obtain an audit of its financial ststements for the period
ended 31 July 2024 in accordance with Se￿10n 476 of ihe Companies Act 2006.
The directors acknowledge their responsibilities for:
Ensuring thai the company keeps accounting records which comply with Section 386 of thc
Companies Act 2006 and
Preparing financial statement which give a true and fair vicw of thc State of affairs of
the company &s al the end of each financial year and of its profit or los% for each
financial year in accordance with ihe requircments of Seclion 393 and which otheNise
comply with ihe requirements of the Companies Act 2006 relating to financial
statements. so far as application to the cornpany.
These accounts have been prepared in accordance with the provisions applicable to
companies subject to small companies, regime.
SICNED.........................-......DIRECTOR
ABOLADE AKINREMI
SICNED -
SECRETARY
OLAWALE O. OGUNYODE
Page 6

CHRisf GLORY WORD MtNSTIUES
STA TEMENT OF FtNANCIAL ACTtvrriES
FOR THE YEAR ENDED 31ST JULY 2024
u￿r￿tricI¢d Reotritted EndowmeJ)t Total Funds
Funds
Fund$
Funds
Notes
2024
2023
COME
n¢oming resoureeg from donation
94.014
94,014
87.322
)ther incoming resources
COTAL INCOMING RESOURCES
iEI SOURCES F.XPFNDED
08ts of generAiing fund8
Aissionary and Cliaritable giving
Ictivities direcrly relating 10 Ihe
ork of the church
liurch MA])ageiyJent and Administration
{3#)
2.229
2,229
2.125
(3b)
(3e)
59,696
59,696
55,091
"OTAL RESOURCES EXPEf4DED
IET INCOMINGI(OUTGOtNG) RESOURCES
4Jll
4Jll
2,562
IALANCE BROUCYHT FORWARD AT
2.562
2￿61
137,70S
RIOR YEAR ADJUSTMEDIT
IET MOVEMEpif IN FUNDS
6073
6.873
140,207
Page 7

CHRIgf GLOR Y WORD MINISTRI
NOTES TO THE AcCou￿rS
FOR THE YEAR ENDED 31gl JULY 2024
I ACCOUNTING POLICIES
a. Thc accounts are preparcd linder the hi5tori¢al cost convention with the exception of investments
which Are stRTed aE Inarkei valve. I'hey comply wlih Ih¥ requlrcinci)ts of SiaicmrJi¢ of
Reconimended Practice 'Accountin8 Charities. ('SORP') and are in accordance with applicable
accounting standards.
b. General accumulated funds ore unrestricted funds available to the church for its general purposes
and iiicludc fuiids designated by the Church for a particular purpose. the use of such designaied
funds retnains at the discretion of the Church's Trustees.
c. -I'here is no Restricted Fund 01 the momenl.
d. The gov¢mance, mAna8ement and Administration ¢xpenses reporta in note 3 relate to the whole
of the Church's activiiies and a proponion of these charges are allo¢aied w expendi[u￿ headii)¥s
on a basis consistent witli the Llse of ihe resou￿¢s.
e. Investments are stated at market value. It is the Church's policy io keep valuations up to date
such that when investments are Sold there is no 8ain or loss arising to previous years.
f. Tangible assets are included at cost ttnd depreciatron is provided on a ststr8ht lin¢ basis, ii? ol'der to
w'ite off the assets over their usefiil lives.
Moior Vehicles
Equipments
Fixtures & Fittings
CompLtters ftnd A¢¢essories
BLiilding Renovation
Lea￿hold
2￿￿? per annum oii a straight liiie basis
150/0 per annum on a straiglit line basis
15Y• per annum on a SLI'ai8lit liiic basis
150/• per annum on a sti?ight line basis
IOQ/• per annltm on 8 Straight line basis
25 /0 p¢r annum on a slraiLihi liiie basis
g. All expenditure is accounted for on an Accrual Basis.
2 INCOMING RES
URCES
Unre
Fu
Roltrieted F.ndowment Total Funds Total Fund
Funds
und
2024
202J
ift Aid
'Ileriiig
iihes
15,317
8.932
48.560
15,317
8.932
48.560
13,551
6,692
56,307
Jildlng Fund
ental Income
tlier Income (Donation)
tei'esl Received
ent(s)
OTAL INCOMING RESOiiRCES
5,315
5.315
1,026
1,080
1,103
346
7,211
87,322
490
1.108
14.291
94,014
490
14.291
94,014
Page 8

CHRIST GLORY WORD MINISTRIES
IYOTES TO
co
FOR THE YEAR ENDED 31st Jul 2024
Unrestricted Restricied End
wment
Funds
Fuuds
Funds
Total Fulld$
2024
2023
OURCES EXPENDED
Missionary and Charitable giving:
?.279
Activities directly relating Chur¢h work
Church _ rlinning exp¢nses
Church mainienance
Sunday S¢hool Leaders Ti'aining
Parish Magazin¢s & Bookstall
EvRngellsm
Events
Wclfar¢
40,903
833
40,903
833
37,867
516
190
12,57Q
5.200
190
12,570
5,200
13,908
2,800
Chureh Managemeni and Administration
Admini$tr&tion
Bank Charges
Loaii Interest
Arrangerncnt Fees
Charge for year
27.270
508
27270
508
26,727
816
TOTAL RESOURCES EXPENDED
4 FIXED A
ET
orrbce
Le8sehold MusicAI
Motor
Butlding
Renovailon
Computer &
Ac¢¢s50rie5
Fixtur¢5 &
Fi¢¢ln
ui
Co$t
At l August 2023
Additions
Disix)s21s
42,085
39,129
48,788
18,468
4,096
16,749
4,668
169,315
4,668
reeialion
At l Augiist 2023
Charge for the Year
On Disposal
30*63
11323
30.000
s￿69
48,788
8,760
IW7
4,527
614
16,783
3?13
139,721
22,766
42,
35,
10,607
NBV at 2024
NJJVat 2023
Pgge 9

CHRIST GLORY WORD MINISTRIES
NOTES TO THE ACCOUNTS
CONTD
E[￿ED 31st Jul 2
2024
2023
CRII DITORS AND ACCRUALS
Accouiitan¢y aiid Bookkeeping
Motor V¢chiclc
Soft Loan
600
1,200
600
1,200
2024
023
6 DEBTORS
Gifl Aid
9.072
8,662
9.072
8,662
LERGY ALLOWANCE
No employee reL'elved remuneratlon 4mounilng lo more ihan £50.000 in the year.
UnKstricted funds comprise those funds which the Irusttes are free to Use in accordancc with
the ehai'ilable objectives.
This is an incorporated charity, constifvted by trust deed. IVS prineipal objective is spreadin8
the word and preaching the Gospel ofchrisi and the life after life aiid to contribute lo the health
aiid ediicational iieeds of the Community. It has unrestricted funds. It prepares its aceounts in
accordAnce with SORP and with applicable a¢¢ounting standards.
9 Leases
P#yrrtenis maae unaer operating leases (net ot any incentives receiv¢d from the I¢s50r) Ch￿.gcd
to the Stateinent of Comprehensive Incoine on a straighi-lin¢ basis over the period of the lease.
Page 10