THE GLORIOUS CHURCH INTERNATIONAL MINISTRIES
Religious activities and providing services.
Financial health, per its FY2024 accounts
The accounts state that the charity operated at a deficit of £935 for the year, resulting in unrestricted cash funds of only £214 at year-end. The trustees' reserve policy targets £8,250, meaning actual reserves are significantly below the stated target. The filing notes the charity was challenged by the high cost of living, with rent remaining the highest cost.
What the accounts disclose
“It is GCIM’s policy to maintain a balance on unrestricted funds (if possible) which equals 3 months’ unrestricted payment totalling £8,250 to cover emergency situations that may arise from time to time.” — page 4
“The net result for the year was a deficit of £935 on unrestricted funds, total cash funds at the yearend was £214.” — page 3
Trustees
- Sylvanus Freemanchair
- GEORGINA OBODOECHINA
- Ronnella Kawaley
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £78k | £79k |
| 31/12/2023 | £99k | £104k |
| 31/12/2022 | £125k | £129k |
| 31/12/2021 | £86k | £104k |
| 31/12/2020 | £82k | £61k |
Common questions
Is THE GLORIOUS CHURCH INTERNATIONAL MINISTRIES financially healthy?
Per its FY2024 accounts: The accounts state that the charity operated at a deficit of £935 for the year, resulting in unrestricted cash funds of only £214 at year-end. The trustees' reserve policy targets £8,250, meaning actual reserves are significantly below the stated target. The filing notes the charity was challenged by the high cost of living, with rent remaining the highest cost. Its FY2024 accounts were independently examined.