DOMINION FAITH CHAPEL CIC

Company limited by guarantee

Company Registration Number:
14563172 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2024

Period of accounts

Start date: 1 January 2024

End date: 31 December 2024

DOMINION FAITH CHAPEL CIC

Contents of the Financial Statements

for the Period Ended 31 December 2024

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

DOMINION FAITH CHAPEL CIC

Directors' report period ended 31 December 2024

The directors present their report with the financial statements of the company for the period ended 31 December 2024

Principal activities of the company

The company's principal activity during the year continued to be Activities of religious organisations.



Directors

The directors shown below have held office during the whole of the period from
1 January 2024 to 31 December 2024

Olufemi Olawale OYERINDE
Aduragbemi Abimbola OYERINDE


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
20 February 2025

And signed on behalf of the board by:
Name: Olufemi Olawale OYERINDE
Status: Director

DOMINION FAITH CHAPEL CIC

Profit And Loss Account

for the Period Ended 31 December 2024

2024 2023


£

£
Turnover: 2,294 3,054
Gross profit(or loss): 2,294 3,054
Administrative expenses: ( 2,415 ) ( 6,811 )
Operating profit(or loss): (121) (3,757)
Profit(or loss) before tax: (121) (3,757)
Profit(or loss) for the financial year: (121) (3,757)

DOMINION FAITH CHAPEL CIC

Balance sheet

As at 31 December 2024

Notes 2024 2023


£

£
Current assets
Cash at bank and in hand: 1,587 2,030
Total current assets: 1,587 2,030
Creditors: amounts falling due within one year: 3 ( 5,465 ) ( 5,787 )
Net current assets (liabilities): (3,878) (3,757)
Total assets less current liabilities: (3,878) ( 3,757)
Total net assets (liabilities): (3,878) (3,757)
Members' funds
Profit and loss account: (3,878) ( 3,757)
Total members' funds: ( 3,878) (3,757)

The notes form part of these financial statements

DOMINION FAITH CHAPEL CIC

Balance sheet statements

For the year ending 31 December 2024 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 20 February 2025
and signed on behalf of the board by:

Name: Olufemi Olawale OYERINDE
Status: Director

The notes form part of these financial statements

DOMINION FAITH CHAPEL CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 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

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

    Other accounting policies

    CREDITORS Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

DOMINION FAITH CHAPEL CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

DOMINION FAITH CHAPEL CIC

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Creditors: amounts falling due within one year note

2024 2023
£ £
Other creditors 5,465 5,787
Total 5,465 5,787

COMMUNITY INTEREST ANNUAL REPORT

DOMINION FAITH CHAPEL CIC

Company Number: 14563172 (England and Wales)

Year Ending: 31 December 2024

Company activities and impact

Over the past year, the company has provided an enabling, friendly environment for public gathering with a focus on worship, teaching and religious instructions. The company has promoted reconciliation by bringing the spiritually lost to faith. Promoting equality, diversity, and inclusiveness through engaging the unengaged, and unreached people group. Advancement of the Christian faith in the United Kingdom and the world. Equipping and promoting responsible citizenship, servant leadership. Outreaches promoting family. Youth and community development. Pursuits of Christian education and other purposes as in line with the objectives of the company

Consultation with stakeholders

The company’s stakeholders are the residents of Harlow. Consultation has been through personal and one-to-one meetings. A meeting with one of community associations in Harlow offered the opportunity to describe the vision and goals of the church to the people of Harlow. This received a positive response pointing us in the right direction regarding impacting our community positively.

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
20 February 2025

And signed on behalf of the board by:
Name: Olufemi Olawale OYERINDE
Status: Director