Charity registration number 1189173 (England and Wales) Company registration number CE021626
COVENANT AND GLORY MINISTRIES INTERNATIONAL ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
COVENANT AND GLORY MINISTRIES INTERNATIONAL
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees Mrs V David Charity number 1189173 Company number CE021626
COVENANT AND GLORY MINISTRIES INTERNATIONAL
CONTENTS
| Page | |
|---|---|
| Trustees report | 1 |
| Independent examiner's report | 2 |
| Statement of financial activities | 3 |
| Balance sheet | 4 |
| Notes to the financial statements | 5 - 8 |
COVENANT AND GLORY MINISTRIES INTERNATIONAL
TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 30 APRIL 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 April 2022.
The trustees have adopted the provisions of 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 102) (effective 1 January 2019).
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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 102)".
Objectives and activities
Public benefit
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Achievements and performance
Significant activities and achievements against objectives
Financial review
Reserves policy
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
Structure, governance and management
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: Mrs V David Mr A Adeyemo Mr O Osho
Victoria David
Victoria David (Mar 19, 2026 16:10:44 GMT)
The trustees report was approved by Mrs V David on behalf of the Board of Trustees Trustees.
19 March 2026
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COVENANT AND GLORY MINISTRIES INTERNATIONAL
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF COVENANT AND GLORY MINISTRIES INTERNATIONAL
I report to the trustees on my examination of the financial statements of Covenant and Glory Ministries International (the charity) for the year ended 30 April 2025.
Responsibilities and basis of report
As the charity's trusteestrustees of the company charity (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act) the Charities Act 2011 (the 2011 Act).
Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1 accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006.
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination; or
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4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic 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 this report in order to enable a proper understanding of the financial statements to be reached.
Harvine Consultants
Harvine Consultants (Mar 19, 2026 17:26:27 GMT)
Harvine Consultants Ltd Chartered Certified Accountants 27 Keble Close Crawley RH10 3TD
Dated: 19 March 2026
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COVENANT AND GLORY MINISTRIES INTERNATIONAL
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 APRIL 2025
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2025 | 2024 | ||
| Notes | £ | £ | |
| Income from: | |||
| Donations and legacies | 4 | 4,546 | 7,758 |
| Total income | 4,546 | 7,758 | |
| Expenditure on: | |||
| Charitable activities | 5 | 3,523 | 10,849 |
| Total expenditure | 3,523 | 10,849 | |
| Net income/(expenditure) and movement in funds | 1,023 | (3,091) | |
| Reconciliation of funds: | |||
| Fund balances at 1 May 2024 | 1,327 | 4,418 | |
| Fund balances at 30 April 2025 | 2,350 | 1,327 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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COVENANT AND GLORY MINISTRIES INTERNATIONAL
BALANCE SHEET
AS AT 30 APRIL 2025
| Notes Fixed assets Tangible assets 8 Current assets Cash at bank and in hand Net current assets Total assets less current liabilities The funds of the charity Unrestricted funds |
2025 £ 1,508 |
£ 842 1,508 2,350 2,350 2,350 |
2024 £ 485 |
£ 842 485 |
|---|---|---|---|---|
| 1,327 | ||||
| 1,327 | ||||
| 1,327 |
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 April 2025.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the trustees on 19 March 2026
Victoria David
Victoria David (Mar 19, 2026 16:10:44 GMT)
Trustee Mrs V David
Company registration number CE021626 (England and Wales)
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COVENANT AND GLORY MINISTRIES INTERNATIONAL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025
1 Accounting policies
Charity information
Covenant and Glory Ministries International is a charitable incorporated organisation (CIO)England and Wales. The registered office is .
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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 102)". The charity is a Public Benefit Entity as defined by FRS 102.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4 Income
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation.
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COVENANT AND GLORY MINISTRIES INTERNATIONAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025
1 Accounting policies
(Continued)
Depreciation is not recognised in the accounts which have been prepared on a receipts and payments basis.
Computers Enter depreciation rate via StatDB - cd198
1.7 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less.
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3 Employees
The average monthly number of employees during the year was:
| 2025 | 2024 | |
|---|---|---|
| Number | Number | |
| Total | - | - |
There were no employees whose annual remuneration was more than £60,000.
4 Income from donations and legacies
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Donations and gifts | 4,546 | 7,758 |
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COVENANT AND GLORY MINISTRIES INTERNATIONAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025
4 Income from donations and legacies
(Continued)
5 Expenditure on charitable activities
| Direct costs Insurance Rent - hall Admin expenses Advertising Media expenses Sundry expenses Accounting fee Analysis by fund Unrestricted funds |
2025 £ 159 1,142 1,323 780 - 119 - 3,523 3,523 |
2024 £ 159 7,858 1,011 919 313 109 480 |
|---|---|---|
| 10,849 | ||
| 10,849 |
6 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
7 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
8 Tangible fixed assets
| Tangible fixed assets | |
|---|---|
| Computers | |
| £ | |
| Cost | |
| Additions | 842 |
| At 30 April 2025 | 842 |
| Carrying amount | |
| At 30 April 2025 | 842 |
| At 30 April 2024 | 842 |
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COVENANT AND GLORY MINISTRIES INTERNATIONAL
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 30 APRIL 2025
9 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At 1 May 2024 | Incoming | Resources | At 30 April | |
|---|---|---|---|---|
| resources | expended | 2025 | ||
| £ | £ | £ | £ | |
| General funds | 1,327 | 4,546 | (3,523) | 2,350 |
| Previous year: | At 1 May 2023 | Incoming | Resources | At 30 April |
| resources | expended | 2024 | ||
| £ | £ | £ | £ | |
| General funds | 4,418 | 7,758 | (10,849) | 1,327 |
10 Related party transactions
There were no disclosable related party transactions during the year (2024 - none).
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