DOMINION POWER MINISTRIES FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Company Reg. No 06878702 Charity Reg. No 1165111 LONDON ACCOUNTANCY PRACTICE SOJOURNER TRUTH COMMUNITY CENTRE 161 SUMNER ROAD LONDON SE15 6JL.
DOMINION POWER MINISTRIES (A CHARITY AND COMPANY LIMITED BY GUARAPtrEE) REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 CONTENTS Page Adminislratlve Information Report of the Trustees Independent Examiner's Report Statement ot Financial Actlvftles Balance Sheet Notes to the accounts 10-11 Delalled Income and Expendlture 12
DOMINION POWER MINISTRIES (A CHARITY AND COMPANY LIMED BU GUARENTEE) ADMINISTRATIVE INFORMATION AS AT 31 MARCH 2025 GOVERNING DOCUMENT Dominion Power Ministries is an incorporated organisalion governed by the Companies Act 2006 as a company limited by guarantee wtth the Company Number 06878702 and Charity Number 1165111. DIRECTORS AND TRUSTEES Mr Uzochukwu Nwoke..............ChaierS0n Annie Koue .... .Secretaryrrreasurer Iheanatho Uoyd Mbadugha.............Member REGISTERED OFFICE 24 Hill Side Gardens Hill Side Road Brixton London SW2 3HJ BANKERS HSBC PIC 47 Rye Lane London SE15 SET INDEPENDENT EXAMINER London Accountancy Practice Sojoumer Truth Centre 161 Sumner Road London SE15
DOMINION POWER MINISTRIES (A Gompany limited by guarantee) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 OBJECTS AND PRINCIPAL ACTIVITIES The advancement of Christian faith. To provide church services arKI Conduct religious worship, Relief sickness and Preservation and protection of physical and mental health To relieve poverty ACTIVITIES. DEVELOPMENTS AND ACHIEVEMENTS: See DOMINION POWER MINISTRIES separale Annual Report.
DOMINION POWER MINISTRIES (A company limited by guarantee) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 STATEMENT OF DIRECTORS. RESPONSIBILrnES Law applicable to incorporaled companies in England and Wales requires the Irustees, who are also the directors of the company. to prepare financial statements which give a tnje and fair view of the state of affairs of the charity at the end of the year and of its financial activities during the year then ended. In preparing those financial statements, trustees are required to: select suitable accounling policies and apply them consistently, make judgements and estimales that are reasonable and prudent, state whether applicable accounting standards and statements of recomTnended practice have been followed, subject to any material departures disclosed and explained in the financial statement, and prepare the financial statements on the going concem basis unless it is inappropriate to presume that the project will continue in operation. The directors are responsible for keeping proper records which disclose at any time the financial position of Ihe project. They are also responsible for safe guarding the assets of the organisation and hence tor taking reasonable steps for the prevention and detection of fraud and other irregularikn'es. Signed by:..... .Secrelary Dated............... Annie Koue
DOMINION POWER MINISTRIES (A company limited by guarantee) YEAR ENDED 31 MARCH 2025 TRUSTEES, REPORT The results of the yearfs operation are set OLrt in the attached financial statements. The trustees have been aware of the need to comply with good practice guidelines issued by the Charity Commission on free reserves and DOMINION POWER MINISTRIES pdicy is included in the notes to the accounts. RESERVES POLICY The trustees have reviewed ils free reserves policy and have turned its enlire unrestricted fund into an emergency reSee to enable DOMINION POWER MINISTRIES to meet its obligations in the event of a shortfall in income or sudden uptum in expenditure. RISK MANAGEMENT The tnjslees have examined the major risks vthich DOMINION POWER MINISTRIES faces and believe that by maintaining our free reserves at a reasonable level, combined with our annual review of the controls over key financial systems, this TrMII provide sufficienl resources in the event of adverse conditions. The trustees v4ill have to examine other operational and business risks which the organisation may face and establish sysiems to mitigate the signrficant risks. TANGIBLE FIXED ASSErs The organisation keeps an assets register. VOLUNTEERS DOMINION POWER MINISTRIES recognises the significant contributions made by voluntèèrs.
DOMINION POWER MINISTRIES (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 I report to the charity trustees on my examination of the accounts of Ihe company for the year ended 31 March 2025, which are set out on pages 8 to 12. Responslbilities and basis of report As the charity's Irustees of the Company (who are also the directors of the company for the purposes of company law). you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (Ihe 2006 Acr). Having salisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independenl examination, I report in respecl of my examination of your charity's accounts as carried out under section 145 of the Charities Act 20111.the 2011 Act-). In carrying OLrt my examination, I have followed the Directions given by the Charity Commission (under section 145{5) (b) of the 2011 Act. Independent Examiner's Slalement I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that: The accounting records were not kept in accordance with section 386 of the Companies Act 2006; or . The accounts do not accord with such records; or The accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination.. or The accounts have not been prepared in accordance with Ihe Charities SORP {FRS1021. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the aountS to be reached. Signature: Dated.. l.s.101 Ade Adebambo. MBA,CGMA, AC London Accountancy Practi Sojourner Truth Centre 161 Sumner Road A, ACG
DOMINION POWER MINISIRIES IA CHARITh AND COMPANY UMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Unrestrictsd Restricted Fund Fund Totsl 2026 Totsl 2024 INCOMING RESOURCES Volrtary lrn O(Kotsons 97.248 97,248 64,2(Kl 97,248 0 97.248 64200 RESOURCES EXPENDED Dired chantab Costs 94.143 94.143 62,6 94.143 0 94143 62,680 Net IK(ffirwJ Re5CeS 3,105 3.105 1.520 Balae B(OLty Fld 7.2 7.2 5,7 BakKe Camed F[d 10.361 10.361 7.256
OOMINION POWER MINISTrIES {A CHARITY AND COMPANY UMITED BY GUARANTEEI BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 CURRENT ASSET Cash In Bank 112.C&1 CURRENT UABIUTIES Cre(htors aTrJ Acinmls 101.730 59.230 lo.1 7.256 REPRESENTED BY FUNDS: Unrestrirted Fund Restrlcted Fund lo,1 7,2 10.361 7.266 For the period ended 31 March 2025 the Company was entitled to exemption Irom audit under section 477 of the Companies Act 2006 relating to small companies. Directors. responsibi5ities- Ihe members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476, the directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the accounts these accounts have been prepared in accordance with the provision applicable to companies subject to the small companies, regime. The financial statements on pages 8 to 12 were approved by the board of direclors on . and signed on ils behalf by Sign..... irector Mr Uzochukwu N
DOMINION POWER MINISTRIES NOTES TO THE ACCOUNTS YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES 1.1 Basis of preparation of Financial Statements. The financial statements are prepared under the historical cost convention and include the results of the charitls operations which are described in the Directors, Report and all of which are continuing. The accounts have been prepared in accordance with the Statemenl of Recommended Practice AcC(nting by Charities. The charity has taken a(fvantage of the exemption of Financial Reporting No 1 from the requirements lo produce a cash flow statement on the grounds that it qualifies as a small company. 1.2 Incoming Resources 1.2.1 Revenue grants are credited on the earlier date of when they are received or when they are receivable, unless Ihey relate to a specific future period, in which case they are included on the Balance Sheet as deferred income to be recognised in the future accounting period. 1.2.2 Grants received for specific purposes are accounted for as restricted funds in the Statement of Financial Activities. 1.2.3 Donations Donations are accounted for on a cash receipts basis unless deferred. 1.2.401her incoming resources Other incoming resources are accounted for on an accruals basis. 1.2.5 Deferred income Where a grant or donation is received in advance for expendilure in a future accounting peri(yJ recognition of that income is deferred and released in the periixl in vthich the expenditure is incurred. 10
DOMINION POWER MINISTRIES NOTES TO THE ACCOUNTS (contlnued) YEAR ENDED 31 MARCH 2025 1.3 Restricted Funds Reslricled funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is identified to the fund, together with a fair allocation of management and support costs. 1.4 Unrestricted Funds Unrestricted funds are thnations other income received or generated for the objects of the organisation wilhout further specified purposes and is available for general funds. 1.5 Designated Funds Designaled funds are unreslricled funds earmarked by the Management Committee for particular purwses. 1.6 Resources Expended Direct charitable expenditure includes all expenditure incurred by Dominion Power Ministries in direcl pursuit of its charitable objectives. Management and administration expenditure include all costs not direclly related to the charitable aclivities and which cannot be allocated to direct charitable expenditure. Tangible fvxed assets Depreciation is calculated to write off the cost of fixed assets over their estimated useful lives. The charity has a register of assets. Creditors: Amount falling due within one year 2025 2024 Ministers, Support provtsion Accountancy Fees Other Creditors 42,000 500 6,000 500 101 730
DOMINION POWER MINISTRIES IA CHARITY AND COMPANY LIMITED BY GUARANTEEI DETAILED INCOME AND EXPENDITURE FOR THE YEAR ENDED 31 MARCH 2025 INCOMING RESOURCES Unrestricted Restrlcted Fund Fund Total 2025 Tolal 2024 97.248 97,248 64.2 Totsl In¢oming Resourus 97.248 97,24B 64.200 OUTGOING RESOURCES ProNrysion for MiThs1ers Sakry Mert>ership & Gifts Office Adr(NThstralc proMOn for Mirnslers. St Corrfrence Ctrych rer Rent PItmOn HorM)ranL 30.000 .1 17.780 rn 20.385 I2j 20,C
6,745 2.176 9.099 < 8.948 17.Tr) 12.r 14.4 1.239 I4.4 - 1.239 2,395 1,340• HMRC Retseal RefreSnrt Tiansport Pnnbrwj Accowlary Fee IAusic Instrlts Bank Charges Total Resources Expended 1340 144 4215 4215 Ir 100 143 62.680 94.143 12