LOVE OF GOD GOSPEL MINISTRY A.K.A AGAPE CHAPEL INTERNATIONAL C.I.C.

Company limited by guarantee

Company Registration Number:
11104376 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

LOVE OF GOD GOSPEL MINISTRY A.K.A AGAPE CHAPEL INTERNATIONAL C.I.C.

Contents of the Financial Statements

for the Period Ended 31 December 2023

Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

LOVE OF GOD GOSPEL MINISTRY A.K.A AGAPE CHAPEL INTERNATIONAL C.I.C.

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 7,100 6,177
Cost of sales: ( 1,552 ) ( 1,175 )
Gross profit(or loss): 5,548 5,002
Distribution costs: ( 974 ) ( 452 )
Administrative expenses: ( 5,810 ) ( 5,242 )
Operating profit(or loss): (1,236) (692)
Profit(or loss) before tax: (1,236) (692)
Tax: 0 0
Profit(or loss) for the financial year: (1,236) (692)

LOVE OF GOD GOSPEL MINISTRY A.K.A AGAPE CHAPEL INTERNATIONAL C.I.C.

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 1,722 1,354
Total fixed assets: 1,722 1,354
Current assets
Cash at bank and in hand: 875 500
Total current assets: 875 500
Creditors: amounts falling due within one year: 4 ( 5,125 ) ( 3,728 )
Net current assets (liabilities): (4,250) (3,228)
Total assets less current liabilities: (2,528) ( 1,874)
Total net assets (liabilities): (2,528) (1,874)
Members' funds
Profit and loss account: (2,528) ( 1,874)
Total members' funds: ( 2,528) (1,874)

The notes form part of these financial statements

LOVE OF GOD GOSPEL MINISTRY A.K.A AGAPE CHAPEL INTERNATIONAL C.I.C.

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 22 August 2024
and signed on behalf of the board by:

Name: Kelly Ahanmisi
Status: Director

The notes form part of these financial statements

LOVE OF GOD GOSPEL MINISTRY A.K.A AGAPE CHAPEL INTERNATIONAL C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Tangible fixed assets depreciation policy

    Tangible assest are included at cost less depreciation rate of 18%

LOVE OF GOD GOSPEL MINISTRY A.K.A AGAPE CHAPEL INTERNATIONAL C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 4 4

LOVE OF GOD GOSPEL MINISTRY A.K.A AGAPE CHAPEL INTERNATIONAL C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 1,806 1,806
Additions 746 746
Disposals
Revaluations
Transfers
At 31 December 2023 2,552 2,552
Depreciation
At 1 January 2023 452 452
Charge for year 378 378
On disposals
Other adjustments
At 31 December 2023 830 830
Net book value
At 31 December 2023 1,722 1,722
At 31 December 2022 1,354 1,354

LOVE OF GOD GOSPEL MINISTRY A.K.A AGAPE CHAPEL INTERNATIONAL C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Creditors: amounts falling due within one year note

2023 2022
£ £
Other creditors 5,125 3,728
Total 5,125 3,728

COMMUNITY INTEREST ANNUAL REPORT

LOVE OF GOD GOSPEL MINISTRY A.K.A AGAPE CHAPEL INTERNATIONAL C.I.C.

Company Number: 11104376 (England and Wales)

Year Ending: 31 December 2023

Company activities and impact

During the Financial year 2023,the Church has continue to enrolled youth in the church and community into music and instrument class to develop their skill and to engage them in constructive activities. the church also had 2 sports days and invited people from church and community to attend and cash prizes where giving out as per churchvusual practices during this event. The Church also has made a mandate to supported the church members and attendee with financial stipends to help with the improvement of such members living standard from church contributions. We as a church have also send food packages to several food bank shelters on a quarterly basis to help the less privileged and homeless.

Consultation with stakeholders

This event has not changed from previous year. The stakeholders have lived in it's community for many years and are active member of the community, and have develop important business and community knowledge and service from experience by talking, preaching and organising forums and seminars for members and attendees. The church have also asked the members and attendees to drop any improvement notes in our suggestion box after each visit and service. So also questionnaires are handed out along with church newsletter. We also hold a general meeting with all members of the church, attendees and key individuals of the trust of elders to discuss any suggested improvement to the church and its operations. Forms are filled by new attendees to keep track of the number of people and to carry out a follow up procedures based on the constitutions of the church. based on the information gathered from both members and attendees, the church realised the need to improve it's stipends available for the less privileged so that it goes a little bit further.So also the need to improve the church reach has come to light and there is a need for the church to provide or purchase it's own transportation for the improved reach of the gospel to the community. The church also has deem it fit to reach out to the drug addicts and the convicted to help with their rehabilitation.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
22 August 2024

And signed on behalf of the board by:
Name: Kelly Ahanmisi
Status: Director