GLOW CHURCH UK
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves increased to £877,002, up from £857,010 in the prior year, resulting in a net income of £19,992. The charity holds significant tangible fixed assets valued at £2,113,028, secured against bank loans totaling £1,197,083. The trustees report that the charity is operating on a going concern basis with no material uncertainties identified.
What the accounts disclose
“During the year A G Cherrie, a trustee, received remuneration of £42,164 (2023: £36,777) in his role as Lead Pastor. During the year A S Glassbrook, a trustee, received remuneration of £4,300 (2023: £Nil) as Finance Director.” — page 19
“At the year end the Charity was owed £16,170 (2023: £5,375) from Innovate County Durham Limited, a company wholly owned by the Charity. During the year the amounts received from Innovate County Durham Limited which relate to Glow Church UK Ltd total £36,500 (2023: £58,395). At the year end the Charity owed £147,978 (2023: £279,385) to Glow Church Australia, a member of the Glow Church community. This amount is interest free and repayable on demand.” — page 24
“The Charity has a trading subsidiary "Innovate County Durham Limited" which operates conferencing and events on the main site in Newton Aycliffe.” — page 5
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- Amy Sarah Glassbrook
- Andrew George Cherrie
- Felix Clack
- IAN PETER EDWARD DUFFEW
- Steven William Mawston
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.6m | £1.2m |
| 31/03/2024 | £998k | £978k |
| 31/03/2023 | £1.0m | £1.0m |
| 31/03/2022 | £888k | £829k |
| 31/03/2021 | £753k | £771k |
Common questions
Is GLOW CHURCH UK financially healthy?
The accounts state that unrestricted reserves increased to £877,002, up from £857,010 in the prior year, resulting in a net income of £19,992. The charity holds significant tangible fixed assets valued at £2,113,028, secured against bank loans totaling £1,197,083. The trustees report that the charity is operating on a going concern basis with no material uncertainties identified. Its FY2024 accounts were independently examined.