BELIEVERS FAITH HOSTEL CIC

Company limited by guarantee

Company Registration Number:
15458627 (England and Wales)

Unaudited statutory accounts for the year ended 31 January 2025

Period of accounts

Start date: 1 February 2024

End date: 31 January 2025

BELIEVERS FAITH HOSTEL CIC

Contents of the Financial Statements

for the Period Ended 31 January 2025

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

BELIEVERS FAITH HOSTEL CIC

Directors' report period ended 31 January 2025

The directors present their report with the financial statements of the company for the period ended 31 January 2025

Principal activities of the company

The principal activity of the company throughout the year was that of supporting vulnerable individuals facing homelessness, unemployment or social exclusion.



Directors

The director shown below has held office during the period of
10 June 2024 to 31 January 2025

Geeta Sandhu


The directors shown below have held office during the whole of the period from
1 February 2024 to 31 January 2025

Dr. Charlotte Ndabellah Armah
Saroj Parmar
Regina King Prempeh


The director shown below has held office during the period of
1 February 2024 to 10 June 2024

Alexandra Dalomba


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
14 May 2025

And signed on behalf of the board by:
Name: Regina King Prempeh
Status: Director

BELIEVERS FAITH HOSTEL CIC

Profit And Loss Account

for the Period Ended 31 January 2025

2025


£
Turnover: 5,873
Cost of sales: ( 3,248 )
Gross profit(or loss): 2,625
Administrative expenses: ( 2,625 )
Operating profit(or loss): 0
Profit(or loss) before tax: 0
Profit(or loss) for the financial year: 0

BELIEVERS FAITH HOSTEL CIC

Balance sheet

As at 31 January 2025

Notes 2025


£
Current assets
Cash at bank and in hand: 14,484
Total current assets: 14,484
Creditors: amounts falling due within one year: 3 ( 14,484 )
Net current assets (liabilities): 0
Total assets less current liabilities: 0
Total net assets (liabilities): 0
Members' funds
Profit and loss account: 0
Total members' funds: 0

The notes form part of these financial statements

BELIEVERS FAITH HOSTEL CIC

Balance sheet statements

For the year ending 31 January 2025 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 14 May 2025
and signed on behalf of the board by:

Name: Regina King Prempeh
Status: Director

The notes form part of these financial statements

BELIEVERS FAITH HOSTEL CIC

Notes to the Financial Statements

for the Period Ended 31 January 2025

  • 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 represents net invoiced sales of goods and services, excluding value added tax.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life Office Equipment @ 20% Reducing Balance Method

    Intangible fixed assets amortisation policy

    Amortization is provided on all intangible assets over 6 years

BELIEVERS FAITH HOSTEL CIC

Notes to the Financial Statements

for the Period Ended 31 January 2025

  • 2. Employees

    2025
    Average number of employees during the period 0

BELIEVERS FAITH HOSTEL CIC

Notes to the Financial Statements

for the Period Ended 31 January 2025

3. Creditors: amounts falling due within one year note

2025
£
Taxation and social security 14,208
Accruals and deferred income 276
Total 14,484

COMMUNITY INTEREST ANNUAL REPORT

BELIEVERS FAITH HOSTEL CIC

Company Number: 15458627 (England and Wales)

Year Ending: 31 January 2025

Company activities and impact

Believers Faith Hostels CIC was established to support vulnerable individuals facing homelessness, unemployment, or social exclusion. During the financial year, our primary focus was setting up the infrastructure of the CIC, including securing insurance, developing project plans, and building partnerships. By December 2024, we received our first community grant which allowed us to begin service delivery through tailored support programmes. These initiatives have started to positively impact individuals by improving access to life skills training, boosting confidence, and reducing isolation. The groundwork laid in this period has established a solid foundation for ongoing community benefit and wider reach in the coming year.

Consultation with stakeholders

No consultation with stakeholders

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
14 May 2025

And signed on behalf of the board by:
Name: Regina King Prempeh
Status: Director