2023-11-30-accounts

Registered Charity number 1155178

Peculiar Peoples Ministries Limited

FINANCIAL STATEMENTS FOR THE YEAR ENDED

30 November 2023

Peculiar Peoples Ministries Limited

Contents

	Page
Legal and Administrative information	1
Report of the Trustees	2
Independent Auditors' Report	3
Statement of Financial Activities	4
Balance sheet	5
Notes to the Financial Statements	6 - 8

Peculiar Peoples Ministries Limited Information Page

Trustees
Chairman	Ndubuisi Eze
Secretary	Rita Eze
Treasurer	Bobby Ugochukwu Nkem-Ike
Registration number	08313763
Charity Number	1155178
Charity Address	88 Hadgemans Road,
	Dagenham
	RM9 6HD
Bankers	NatWest Bank
	135 Bishopsgate
	EC2M 3UR

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Peculiar Peoples Ministries Limited

Report of the Trustees for the year ended 30 November 2019

The Trustees present their Report and the Financial Statements for the year ended 30 November 2019. The Trustees confirm that the annual Report and Financial Statement of the charity comply with the companies House Acts 2006, the Charities Act 2011 and the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicalbe inn the UK and Republic of Ireland (FRS 102 effective 1 January 2015).

The board of trustees are satisfied with the performance of the charity during the year end the position at 30 November 2016 and consider the charity is in a strong position to continue its activities during the coming year, and that the charity's assets are adequate to fulfil its ministry obligations.

Name, regidtered office and constitution of the charity

The full name of the charity is Peculiar People Minsitry Limited

The legal registration details are:Date of incorporation: 30/11/2012 Company Registration number 08313763 The Registered Office is 88 Hadgemans Road, Dagenham. RM9 6HD Charity Registration Number 1155178

Objectives and Activities of the Charity

A summary of the objects of the charity as set out in its governing document.

The principal objectives are the propagation of the gospel, the advancement of the Christian faith and the relief of poverty. Each year the trustee review, the objectives and activities to ensure they reflect the charity aims. In carring out the review, the trustees have considered the Charity Commission's general guidance on public benefit and in particular its supplementary public guidance on the advancement of religion for the benefit of all.

Volunteers

During the year, we had the support of over 10 active volunteers contributing many hours supporting administration, management, finance and member's follow-up, outreaches, visiting the homeless etc. Several fiftys of other volunteer contributed towards evangelsm effective runing of the church servies and to various church events.

Statement of Public Benefit

The charity has continued to build on the primary objectives of changing and imparting in London and other parts of the United Kingdom.

Our weekly meetings and the feedback from individuals comfirmed that their life have been changed greatly and they now live a better life with their faith in God and his word to make a living and they are now a blessing to others in their various communities. The charity exists for the Public Benefits and opens her services and activities to all.

Structure, Governance and Management

Governing Document

The Charity is controlled by its governing document and constitutes a limited company by guarantee, as defined by the Companies Act 2006.

Peculiar People Ministry Limited is a charitable compamy limited by guarantee, governed by memorandum & Articles of Association. The operations of PPM are determined by a governing body of unpaid members, acting as trustees. The resident pastor serves as the Chief Executive Officer responsible to the governing body for the overall magement of the church and for ensuring that all policies are carried.

The Charity is constituted under a Memorandum of Association dated 30 November 2012 and is a registered charity number 1155179

Methods adopted for the recruitment and appointment of new trustees.

Trustees are appinted by the board of trustees using basic skills survey method. Due considerating is given to what is needed to make the board as effective as can be. Also care is taken to ensure the Board has the right

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mix of skills and experience to discharge its duties and ensure effective governance and management.

The policies and procedures adopted for the induction and training of trustees.

A trustee induction is organised for new trustees to familarise them with the Memorandum & Articles of Association; their legal obligations, roles and responsibilities under Charity Commission and Companies laws, PPM risk management process as well as policies and procedures. Continuous formal training is also organised for the trustees to equip them with the knowledge and reguired skills for their roles. The trustees are also made aware of the sources of information, and guidance on the best practice to enable them to be efective in their role.

Achievments and Performance

The charity carried out numerous activities in the year in accordance with its objects and plans for the year. These includes Christian outreachs, training, meeting three times a week for bible studies, concert. The youths are engaged with various activites like drama, debates, training on musical instruments, music concerts etc. The charity carried out distribution of clothings and foood in the locality of Stratford, Romford and Dagenham.

Risk Management

Trustees take seriuosly their responsiblty to assess and manage the major risks that the charity faces and reviews them at leat twice a year. A formal risk management process is in place to ensure risks are identified and and appropriate mitigation actions are teken - this is captured in our Risk Management Policy.

Policies on reserves

The trustees considered that, given the nature of the charity as a church is funded by the voluntary weekly donations of its members which is made of the tithes and offerings, the risk of there being a sudden and total cessation of income to be extremely remote. The trustees are however mindful of the fact that the charity needs topay its bills as they fall due. With this in mind, the trustees have calculated that the core expenses of the charity is principally the rent and contractors who plays the musical insturments. This equates about £2,500 per month. They have therefore, plan to ensure that there will be always at leat £10,000. of unrestricted income in the charity bank accounts, equivalent to the core cost for four months to meet such expenses.

Transaction and Financial position.

The Financial Statements have been prepared implementing the 2005 Revision of the Statement of Recommended practice for Accounting and Reporting by Charities issued by the Charity Commission for England and Wales (revised in June 2008) and in accordance with the Financial Reporting Standard for Smaller entities (effective April 2008). As stated in the introduction to this report, the trustees consider the financial performance by the charity during the year to have been satisfactory.

For the year ended 30 November 2023 the Statement of Financial Activities shows total incoming resoures of £313,922 (2022: £162,940). This was spent mainly on charitable activities and total expenditure amounted to £147,070 (2022: £104,031). We closed the year with a net incoming resoures of £194,184 (2022: £58,909).

Share Capital

The company is limited by guarantee and therefore has no share capital.

The members of the Board of Trustees of the harity during the year ended 30 November 2023 were:

1. Ndubuisi Eze

2. Rita Ezeh

3. Bobby Ugochukwu Nkem-Ike

These are the trustees of the charity, and their responsibilities includes all the responsibilities of the directors under the Companies Acts and of the trustees under the Charities Acts. The trustees are all members of the charity.

Responsibilities and basis of preparation of the report

The Trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explan the charity's transactions and enable them to ensure that the financial statements comply with the Companies 2

Act 2006 and comply with regulations made under the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasnable steps for the prevention and detection of fraud and other irregularities.

The trustees are also responsible for the contents of the trustees' report and the responsibilty of the independent independent examiner in relation to the trustees' report is limited to examing the report and ensuring that, on the face of the report, there is no inconsistencies with the figures disclose in the finacial statements.

Method of preparation of accounts

These accounts have been prepared in accordance with the provisions applicable to companies subjects to the small companies regime

Signed on behalf of the trustees

-Ndudisieze Date:--29/10/2021

Mr Ndubuisi Eze (Chairman)

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Peculiar Peoples Ministries Limited Reports and Financial Statements Trustees Report for the year ended 30 November 2023

I report on the financial statememt of the charity on 4 to 8 for the year ended 30 November 2023 which have been prepared in accordance with the Charities Acts 2011 (the Acts) and with the Financial Reporting Standard for smaller Entities (FRSSE), effective April 2008, as modified by the Statememt of Recommended Practice for Accounting and Reporting issued by the Charity Commission for England & Wales, effective April 2015 as modofied in June 2008. (The SORP) under the historical cost convention and the accounting policies set out on page 6.

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND AND EXAMINER

The Trustees responsibilities for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards are set in the Statement of Trustees' responsibilities on pages 2.

The trustees are satisfied that the audit requirement of section 144(1) of the Act does not apply and the accounts do not require an audit in accordance with part 16 of the Companies Act 2006 and that there is no requirement in the governing document or constitution of the Charity for the conducting of an audit. As a consequence, the trustee have elected that the financial statements

Having satisfied myself that the charity is not subject to audit under company law, or otherwise and is eligible for independence examination, it is my responsibility to:-

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b) to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the Acts; and;

c) to state whether particular matter have come to my attention.

BASIS OF OPINION AND SCOPE OF WORK UNDERTAKEN

I conducted my examination in accordance with the General Directions given by the Charity Commission for England & wales setting out the duties of an independence examiner issued by the Charity Commission under section 145(5)(b) of the Act) in relaion to the conducting of an independence examination, referred to above. An independent examination includes a eeview of the accounting records kept by the Charity and of the accounting systems employed by the Charity and a comparison of the financial statement presented with those records. It also inculdes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as trustees concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of the Charities legislaton and that the financial statement comply with the SORP, on a test basis, of evidence relevant to the amounts and disclosures in the financial statements.

The procedures undertaken do not provide all the evidence that would be required in an audit, and information supplied by the trustees in the course of the examination is not subjected to audit test or enquiries, and consequently I do not express an audit opinion on the view given by the financial statememts, and in particular, I express no opinion as to whether the financial statements comply with the SORP, on a test basis, of evidence relevant to the amounts and disclosures in the financial statements.

I have planned and performed my examination so as to satisfy myself that the objectives of the independence examination are achieved and before finalising the report I obtain written assurance from the trustess of all material matters.

Independence Examiner's statement, report and opinion

Subject to the limitation upon the scope of my work as detailed above, in accordance with my examination, I can comfirm that:

1.) In accordance with the Regulation 31 of the Charities (Accounts and Reports) Regulations 2008. (The Regulations) the accounts of this incorporated charity are not required to be audited under Part 16 of the Companies Act 2006;

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Peculiar Peoples Ministries Limited

Reports and Financial Statements

Trustees Report for the year ended 30 November 2023

2) this is a report inrespect of an examination carried out under section 145 of the Act and in accordance with any directions given by the Commission under subsection (5)(b) of that secion which are applicable;

and that, no matter has come to my attention in connection with my examination which gives me reasonable cause to believe that in any material respect the requirement

(i) to keep accounting recirds in accordance with section 386 of the Companies Act 2006;

(ii) to prepare finnacial statement which accird with the accounting recirds and comply with the accounting requirements of section 396 of the Companies Act 2006 and;

(iii) that the financial statement be prepared in accordance with the methods and principles set out in the Statement of Recommeded Practice- Accounting and Reporting by Charities have not been met, or to which, in my opinion, attention should be drawn in my report in order to enable a proper understanding of the accounts to be reached.

Sylvester Omhenaka FCCA

Sylver Star Consulting Chartered Certified Accountants 35 Danson Road Bexlehyeath DA6 8HA

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Peculiar Peoples Ministries Limited

Statement of Financial Activities For the year ended 30 November 2023

Incoming Resources Tithes, offerings and thanksgiving Bank interest received Total Income Resources Resources Expended Support costs of activities in furtherance of the charity's objects Management & Administration of Charity Total Income expended Net incoming/(outgoing) resources Net Movements in Funds Total funds brought forward Total funds carried forward	Unrestricted Notes £ 5.1 313,922 - 313,922 5.2 88,042 5.3 40,409 128,451 185,471 185,471 261,488 446,959	Restricted £ - - - - - - - - -	2023 Total Fund £ 313,922 - 313,922 88,042 40,409 128,451 185,471 185,471 261,488 446,959	2022 Total Fund £ 162,940 -
	5.1 5.2 5.3
				162,940
				51,821 53,356
				105,177
				57,763
				57,763 261,488
				319,251

The Statement of Financial Activities includes all gains and losses recognised in the year.

All incoming resources and resources expended are derive from continuing activities.

The notes on pages 6 to 7 form part of these accounts.

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Peculiar Peoples Ministries Limited Balance Sheet

as at 30 November 2023

Notes Fixed assets Tangible assets 2 Current assets Cash at bank and in hand 482,940 Creditors: amounts falling due within one year 3 12,506 Total assets less current liabilities Creditors: amounts falling due after more than one year 5 Total Assets Capital and Reserves Unrestricted Funds 4 Restricted and Unrestricted Funds carried forward	482,940 12,506	2023 2022 £ £ 7,544 9,430 301,592 (18,515) 470,434 283,077 477,978 292,507 (31,039) (31,039) 446,939 261,468 446,939 261,468 446,939 261,468	2023 2022 £ £ 7,544 9,430 301,592 (18,515) 470,434 283,077 477,978 292,507 (31,039) (31,039) 446,939 261,468 446,939 261,468 446,939 261,468
			292,507 (31,039)
			261,468
			261,468
			261,468

Signed on behalf of the trustees

Ndubisieze

Mr Ndubuisi Eze (Chairman)

Date: 15/11/2024

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Peculiar Peoples Ministries Limited

1 Accounting policies

Basis of preparation

The Financial Statements have been prepared under the historic cost convention and in accordance with the Companies Acts 2006, the charity Acts 2011 and the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) effective 1 January 2015. Charities SORP FRS (102)

Incoming Resources

Voluntary income is received by the way of members commitment via donations as christians in the form of tithes and offering. Donations received is included in full in the financial statements in the year for which they are received

Resources Expended

Resources expended are accounted in the period in which they are incurred. Resources expended includes attributable VAT which can not be recovered.

Unrestricted Funds

Unrestricted Funds are donations and other icoming resources received for the object of the charity without further specified purpose and are available as general funds.

Restricted Funds

Restricted Funds are to be used for specific purposes as laid down by the donor.

Depreciation

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Equipment, furniture & fittings 2 Tangible fixed assets Cost At 1 December 2022 Improvement At 30 November 2023 Depreciation At 1 December 2022 Depreciation for the year At 30 November 2023 Net book value At 30 November 2023 At 30 November 2022		20% Straight line Plant and machinery etc £ 22,461 22,461 13,031 1,886 14,917 7,544 9,430	Total £ 22,461
			22,461
			13,031 1,886
			14,917
			7,544
			9,430

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Peculiar Peoples Ministries Limited

Notes to the accounts (continued)

For the year ended 30 November 2022

For the year ended 30 November 2022
5.0 INCOMING RESOURCES Tithes, offering and thanksgiving Bank interest received Total Incoming Resources 5.2 RESOURCES EXPENDED Support costs of activities in furtherance of the Charity's objects: Pastoral salaries/ allowances Honorarium Musical & public address equipments Evangelism Donations and Tithe Members' welfare and training 5.3 Management and Administration of Charity: Travelling and subsistence Rent & rates Printing, postage & stationery Telephone Light and heat Accountancy fees Insurance Musical & pulic address equipments Repairs & maintenance Bank charges Interest expense Depreciation charge	2023 2022 Unrestricted Restricted Total Total Fund Fund £ £ £ £ 313,922 - 313,922 162,940 - - -
	313,922 - 313,922 162,940
	12,000 12,000 12,000 16,172 16,172 15,500 - - - 2,952 2,952 6,871 6,450 6,450 6,782 50,468 50,468 10,668
	88,042 - 88,042 51,821
	1,925 1,925 3,382 28,910 28,910 28,383 1,138 1,138 2,203 1,554 1,554 2,152 2,520 2,520 4,975 2,160 2,160 2,160 - - 1,438 3,795 - - 1,365 316 316 - - - 1,146 1,886 1,886 2,357
	40,409 - 40,409 53,356

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Peculiar Peoples Ministries Limited Schedule to the Profit and Loss Account

Sales Tithes, offerings & thanksgiving Administrative expenses Employee costs: Pastor's office expense/allowance Honorarium Members' training and welfare Travel and subsistence Evangelism Premises costs: Rent & Rates Water Rates Light and heat General administrative expenses: Telephone and fax Stationery, books and printing Donations and welfare Bank charges Insurance Equipment expensed Repairs and maintenance Depreciation Legal and professional costs: Accountancy fees

2023 2022 £ £ 313,922 162,940 12,000 12,000 16,172 15,500 50,468 10,668 1,925 3,382 2,952 6,871 83,517 48,421 28,000 28,383 910 - 2,520 4,975 31,430 33,358 1,554 2,152 1,138 2,203 6,450 6,782 316 - - 1,438 - 3,795 - 1,365 1,886 2,357 11,344 20,092 2,160 2,160 2,160 2,160 128,451 104,031

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