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2022-03-30-accounts

PECULIAR HOUSE CHURCH

Charity No. 1163479

Company No. CE004644

Trustees' Report and Unaudited Accounts

31 March 2022

PECULIAR HOUSE CHURCH Contents

Pages
Trustees'AnnualReport 2 to 4
IndependentExaminer'sReport 5
Statement of FinancialActivities 6
SummaryIncomeandExpenditure Account 7
BalanceSheet 8
Statement ofCashflows 9
Notesto the Accounts 10 to 15
DetailedStatement of FinancialActivities 16 to 17

Page 1

PECULIAR HOUSE CHURCH Trustees Annual Report

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 March 2022.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. CE004644

Charity No. 1163479

Principal Office

47 Rushey Green 2nd Floor Capital House Catford London SE6 4AS Registered Office

47 Rushey Green 2nd Floor Capital House Catford London SE6 4AS

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:

O. Abuwa T. Abuwa N. Michael-Ihunde C. Obi

Accountants

AccountSpot 20-20 Wenlock Road London N1 7GU Bankers Barclays Bank plc 93 Lewisham High St Lewisham London SE13 6BB OBJECTIVES AND ACTIVITIES

THE OBJECT OF THE CIO IS FOR THE BENEFIT OF THE PUBLIC:

Page 2

PECULIAR HOUSE CHURCH

Trustees Annual Report

The main activities undertaken in relation to those purposes is advancement of the Christian faith in accordance with the statement of beliefs in such ways as the trustees deem fit.

Classification

What:

Who:

• The general public / Mankind

How:

ACHIEVEMENTS AND PERFORMANCE

POWER IN THE BLOOD (APRIL 2021)

This is an annual inter-denominational programme organised for church members and wider community held in the church to give more credence and meaning to living the Christian life.

YOUTH CONFERENCE (MAY 2021)

This is an annual youth event that targets youth in the church and the wider community. This event was held in the church auditorium with a view to reach out to the youths in the community by helping them to see and understand the place of Christian values in the wider society thereby addressing youth violence within the wider community.

FINANCIAL REVIEW

At the end of the year the Charity had reserves of £19,565 (2021: £24,376). All the reserves are unrestricted.

During the year the Charity spent £38,645 (2021: £31,859) on fulfilling the Charity’s objects.

The Trustees aim to maintain reserves in order to provide for the on-going maintenance of the halls, and any necessary modernisation.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Risk Assessment

The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial

systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and charity risks which they face and confirm that they have established systems to mitigate the significant risks.

Description of charity’s trusts:

Type of governing document:-

Constitution

How is the charity constituted?:-

Association

Page 3

PECULIAR HOUSE CHURCH

Trustees Annual Report

Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees:-

Appointment

Reserve Policy

The Trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The Trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The Trustees will endeavour not to set aside funds unnecessarily.

Public Benefit

The CIO acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the CIO has achieved this are provided in the Trustees' report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.

Trustees' Responsibilities

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at

any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Signed on behalf of the board

T. Abuwa Trustee 31 March 2022

�$3��-0 ,��!24 ���-3� �� � � .+�

Page 4

PECULIAR HOUSE CHURCH Independent Examiners Report

Independent Examiner's Report to the trustees of PECULIAR HOUSE CHURCH

I report to the charity trustees on my examination of the financial statements of PECULIAR HOUSE CHURCH for the year ended 31 March 2022 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet and the related notes.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ' ( the 2006 Act.

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:

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 financial statements to be reached.

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AccountSpot 20-20 Wenlock Road London

N1 7GU 31 March 2022

Page 5

PECULIAR HOUSE CHURCH

Statement of Financial Activities

for the year ended 31 March 2022

for the year ended 31 March 2022
Notes
Income and endowments
from:
Donationsandlegacies
4
Other
5
Total
Expenditure on:
Charitableactivities
6
Other
7
Total
Netgainsoninvestments
Net(expenditure)/income
8
Transfersbetweenfunds
Net(expenditure)/income
before othergains/(losses)
Othergainsandlosses
Net movementinfunds
Reconciliation of funds:
Totalfundsbroughtforward
Totalfundscarriedforward		 Unrestricted
funds
2022
£
33,834
-		 Totalfunds
2022
£
33,834
-		 Totalfunds
2021
£
44,507
1
33,834
4,072
34,573		 33,834
4,072
34,573		 44,508
920
30,939
38,645
-		 38,645
-		 31,859
-
(4,811)
-		 (4,811)
-		 12,649
-
(4,811) (4,811) 12,649
(4,811)
24,376		 (4,811)
24,376		 12,649
11,727
19,565 19,565 24,376

Page 6

PECULIAR HOUSE CHURCH Summary Income and Expenditure Account

for the year ended 31 March 2022

Income
Gross incomefor the year
Expenditure
Depreciationandchargesfor
impairment of fixedassets
Totalexpenditurefor the year
Net(expenditure)/income before tax
for the year
Net(expenditure)/incomefor the year		 2022
£
33,834
33,834
37,129
1,516
38,645
(4,811)
(4,811)		 2021
£
44,508
44,508
30,343
1,516
31,859
12,649
12,649

Page 7

PECULIAR HOUSE CHURCH Balance Sheet

at 31 March 2022

at 31 March 2022
Company No.
CE004644
Notes
2022
£
Fixed assets
Tangibleassets
10
4,603
4,603
Current assets
Cashat bankandin hand
14,962
14,962
Creditors: Amountfallingdue within one year
11
-
Netcurrent assets
14,962
Totalassets lesscurrentliabilities
19,565
Net assetsexcludingpension asset orliability
19,565
Totalnet assets
19,565
Thefundsofthecharity
Restrictedfunds
12
Unrestrictedfunds
12
Generalfunds
19,565
19,565
Reserves
12
Totalfunds
19,565		 2021
£
6,119
6,119
17,852
17,852
405
18,257
24,376
24,376
24,376
24,376
24,376
24,376

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

For the year ended 31 March 2022 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the board on 31 March 2022

And signed on its behalf by:

T ~~. Abuw~~ �$3��-0 ,��!24 ���-3� �� � ~~a~~ � .+� Trustee

31 March 2022

Page 8

PECULIAR HOUSE CHURCH Statement of Cash flows

for the year ended 31 March 2022

Cashflowsfrom operatingactivities
Net(expenditure)/income perStatement ofFinancialActivities
Adjustmentsfor:
Depreciation ofproperty,plantand equipment
Increasein tradeand other payables
Netcash(usedin)/provided by operatingactivities
Netcashfrominvestingactivities
Netcashfromfinancingactivities
Net(decrease)/increaseincash andcash equivalents
Cash andcash equivalentsat the beginningofthe year
Cash andcash equivalentsat the end ofthe year
Componentsofcash andcash equivalents
Cashand bankbalances
Bankoverdrafts		 2022
£
(4,811)
1,516
-
(3,295)
-
-
(3,295)
18,258
14,963
14,962
-
14,962		 2021
£
12,649
1,516
1
14,165
1
-
14,166
4,092
18,258
17,852
406
18,258

Page 9

PECULIAR HOUSE CHURCH Notes to the Accounts

Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.

Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 10

PECULIAR HOUSE CHURCH

Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.

Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.

Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.

Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Page 11

PECULIAR HOUSE CHURCH

Notes to the Accounts

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the

charity are translated at the rates of exchange prevailing at the end of the reporting period.

Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The

corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

Page 12

PECULIAR HOUSE CHURCH

Notes to the Accounts

3 Statement of Financial Activities - prior year

3
Statement ofFinancialActivities-prior year
Income and endowmentsfrom:
Donationsandlegacies
Other
Total
Expenditure on:
Charitableactivities
Other
Total
Netincome
Netincome before other
gains/(losses)
Othergainsandlosses:
Net movementinfunds
Reconciliation of funds:
Totalfundsbroughtforward
Totalfundscarriedforward
4
Incomefrom donationsandlegacies
5
Otherincome		 Unrestricted
£
33,834
33,834		 Unrestricted
funds
2021
£
44,507
1
44,508
920
30,939
31,859
12,649
12,649
12,649
11,727
24,376
Total
2022
£
33,834
33,834
Total
2022
£
-
-		 Totalfunds
2021
£
44,507
1
44,508
920
30,939
31,859
12,649
12,649
12,649
11,727
24,376
Total
2021
£
44,507
44,507
Total
2021
£
1
1

Page 13

PECULIAR HOUSE CHURCH

Notes to the Accounts

PECULIARHOUSECHURCH
Notesto the Accounts
6
Expenditure oncharitable activities
Expenditureoncharitable
activities
Governancecosts
7
Other expenditure
Motorand travelcosts
Premises costs
Amortisation,depreciation,
impairment,profit/losson
disposalof fixedassets
Generaladministrativecosts
Legaland professionalcosts
8
Net(expenditure)/income before transfers
Thisis statedaftercharging:
Depreciation ofownedfixedassets
9
Staffcosts
No employee received emolumentsin excessof£60,000.
10 Tangiblefixed assets
Cost or revaluation
At 1 April2021
At 31 March 2022
Depreciation and
impairment
At 1 April2021
Depreciationchargefor the
year
At 31 March 2022
Net bookvalues
At 31 March 2022
At 31 March 2021		 Unrestricted
£
4,072
4,072
Unrestricted
£
220
1,258
27,500
1,516
3,289
790
34,573
2022
£
1,516
£
3,851
3,851
1,734
578
2,312
1,539
2,117		 Total
2022
£
4,072
4,072
Total
2022
£
220
1,258
27,500
1,516
3,289
790
34,573
£
6,252
6,252
2,250
938
3,188
3,064
4,002		 Total
2021
£
920
920
Total
2021
£
-
-
24,000
1,516
4,883
540
30,939
2021
£
1,516
£
10,103
10,103
3,984
1,516
5,500
4,603
6,119

Page 14

PECULIAR HOUSE CHURCH

Notes to the Accounts

11 Creditors:

11 Creditors:
amountsfallingdue within one year
Bankloansand overdrafts
Accruals
12 Movementinfunds
Restrictedfunds:
Unrestrictedfunds:
Generalfunds
Totalfunds
13 Analysisofnet assetsbetweenfunds
Fixedassets
Netcurrentassets
14 Reconciliation ofnet debt
Cashandcash equivalents
Net debt		 At 1 April
2021
24,376
24,376		 2022
£
-
-
-
Incoming
resources
(including
other
gains/losses
)
£
33,834
33,834
At 1 April
2021
£		 Resources
expended
£
(38,645)
(38,645)
Unrestricted
funds
£
4,603
14,962
19,565
Cashflows
£		 2021
£
(406)
1
(405)
At 31
March
2022
£
19,565
19,565
Total
£
4,603
14,962
19,565
At 31
March
2022
£
17,852 (2,890) 14,962
17,852
17,852		 (2,890)
(2,890)		 14,962
14,962
15 Related party disclosures
Controlling party

The company is limited by guarantee and has no share capital; thus no single party controls the company.

Page 15

PECULIAR HOUSE CHURCH

Detailed Statement of Financial Activities

for the year ended 31 March 2022

for the year ended 31 March 2022
Income and endowmentsfrom:
Donationsandlegacies
Other
Total income and endowments
Expenditure on:
Charitableactivities
Totalofexpenditure oncharitable
activities
Other expenditure
Motorand travelcosts
Vehicles-Repairsand
maintenance
Premises costs
Rent
Generaladministrativecosts,
includingdepreciationand
amortisation
Depreciation of
Depreciation of
Stationeryand printing
Sundry expenses
Legaland professionalcosts
Accountancyand bookkeeping
Otherlegaland professional
costs
Totalofexpenditure ofothercosts
Totalexpenditure		 Unrestricted
funds
2022
£
33,834		 Totalfunds
2022
£
33,834		 Totalfunds
2021
£
44,507
33,834 33,834 44,507
- - 1
- - 1
33,834
4,072		 33,834
4,072		 44,508
920
4,072 4,072 920
4,072
220		 4,072
220		 920
-
220 220 -
1,258 1,258 -
1,258 1,258 -
27,500 27,500 24,000
27,500 27,500 24,000
578
938
1,270
2,019		 578
938
1,270
2,019		 578
938
-
4,883
4,805 4,805 6,399
690
100		 690
100		 540
-
790 790 540
34,573 34,573 30,939
38,645 38,645 31,859

Page 16

PECULIAR HOUSE CHURCH

Detailed Statement of Financial Activities

PECULIARHOUSECHURCH
DetailedStatement ofFinancialActivities
Netgainsoninvestments
Net(expenditure)/income
Net(expenditure)/income before
othergains/(losses)
Other Gains
Net movementinfunds
Reconciliation of funds:
Totalfundsbroughtforward
Totalfundscarriedforward		 - - -
(4,811) (4,811) 12,649
(4,811)
-		 (4,811)
-		 12,649
-
(4,811) (4,811) 12,649
24,376 24,376 11,727
19,565 19,565 24,376

Page 17