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2023-03-30-accounts

PECULIAR HOUSE CHURCH

Charity No. 1163479

Company No. CE004644

Trustees' Report and Unaudited Accounts

31 March 2023

PECULIAR HOUSE CHURCH Contents

Pages
Trustees'AnnualReport 2 to 5
IndependentExaminer'sReport 6
Statement of FinancialActivities 7
SummaryIncomeandExpenditure Account 8
BalanceSheet 9
Statement ofCashflows 10
Notesto the Accounts 11 to 16
DetailedStatement of FinancialActivities 17 to 18

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 2023.

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:

(I) The advancement of the Christian faith in accordance with the statement of beliefs in such ways as the trustees deem fit.

Page 2

PECULIAR HOUSE CHURCH Trustees Annual Report

Classification What

• General charitable purposes

• Religious activities

• Accommodation / Housing

Who

• The general public / Mankind

• Children / Young people

How

• Providing advocacy / Advice / Information

• Provides services and other charity activities

ACHIEVEMENTS AND PERFORMANCE

This is a charity event where free bag of food is disbursed to anyone/needy in the wider community every last Saturday of the month.

POWER IN THE BLOOD

This was a church organised activity, but an annual inter-denominational programme held in Aril 2022 and organised for the spiritual benefit of the church members and wider community with a view to strengthen our faith and belief in the finished work of Christ on the cross.

ABLAZE-ON FIRE FOR GOD

This is a singles programme organised by the church for the singles in the church and the wider community. This was for the purpose of enabling the unmarried in the church and the wider community to appreciate their strengths and talents more in the direction of using them to fulfil God’s purpose for their lives.

OPEN HEAVENS

This is church organised programme for the church and the wider community with a view to enable a stronger faith and believe in our relationship with God.

WORSHIP EVENING

This is a church organised praise and worship programme for the church and the entire community. It is to basically enable Christian worshippers to gather together and offer true praise and worship to God.

ELEVATED

This is an annual church anniversary celebration programme organised by the church for the church and the wider community. It is intended to reach out to the church and the wider community with a view to strengthen our faith and believe in God and to celebrate the extent to which we have existed as a charity meeting her goals and objectives.

JAMAICA DAY

This is an annual church programme organised by the church to celebrate the independence of Jamaica with a view to spread the love of God to all nations represented in the wider community.

PURPOSEFUL WOMEN

This is a church/charity programme organised by the church to benefit more of the women in the church and the wider community. This is with a view to impact and empower women in general to be able to take their place and lead by Godly principles in various facets of life.

Page 3

PECULIAR HOUSE CHURCH Trustees Annual Report

POWERED BY GRACE

This is church/Charity programme organised by the church to benefit the entire church and the wider community. This is with a view to enable the church and wider community appreciate the love and grace of God towards mankind.

COUPLES NIGHT

This is an annual church/charity programme organised by the church to benefit couples in the church and the wider community. This is with a view to help couples appreciate and strengthen the bonds of their relationship with guiding principles from the word of God. Thereby building a long-lasting relationship/marriage that impacts the home and the wider community positively.

WORSHIP EVENING2

This is a church organised praise and worship programme for the church and the entire community. It is to

basically enable Christian worshippers to gather together and offer true praise and worship to God.

OIL OF GLADNESS

This is a church organised programme for the church and the entire community marking the beginning of the new year. It is to basically to enable Christian worshippers strengthen their faith and belief in God as they look forward into the new year.

OPERATION JABEZ

This is church/Charity programme organised by the church to benefit the entire church and the wider

community. This is with a view to enable the church and wider community strengthen their prayer life and believe more in prayers.

FINANCIAL REVIEW

At the end of the year the Charity had reserves of £21,635 (2022: £19,565). All the reserves are unrestricted.

During the year the Charity spent £54,873 (2022: £38,645) 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

Peculiar House Church has policies in place such as:

Page 4

PECULIAR HOUSE CHURCH Trustees Annual Report

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).

Si�%4�� ��"35!���#2� �� �� � /,�gned on behalf of the board

T. Abuwa

Trustee

31 March 2023

Page 5

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 2023 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

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.

AccountSpot 20-20 Wenlock Road

London

N1 7GU 31 March 2023

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Page 6

PECULIAR HOUSE CHURCH Statement of Financial Activities

for the year ended 31 March 2023

for the year ended 31 March 2023
Notes
Income and endowments
from:
Donationsandlegacies
4
Total
Expenditure on:
Charitableactivities
5
Other
6
Total
Netgainsoninvestments
Netincome/(expenditure)
7
Transfersbetweenfunds
Netincome/(expenditure)
before othergains/(losses)
Othergainsandlosses
Net movementinfunds
Reconciliation of funds:
Totalfundsbroughtforward
Totalfundscarriedforward		 Unrestricted
funds
2023
£
56,943		 Totalfunds
2023
£
56,943		 Totalfunds
2022
£
33,834
56,943
8,651
46,222		 56,943
8,651
46,222		 33,834
4,072
34,573
54,873
-		 54,873
-		 38,645
-
2,070
-		 2,070
-		 (4,811)
-
2,070 2,070 (4,811)
2,070
19,565		 2,070
19,565		 (4,811)
24,376
21,635 21,635 19,565

Page 7

PECULIAR HOUSE CHURCH Summary Income and Expenditure Account

for the year ended 31 March 2023

Income
Gross incomefor the year
Expenditure
Depreciationandchargesfor
impairment of fixedassets
Totalexpenditurefor the year
Netincome/(expenditure)before tax
for the year
Netincome /(expenditure)for the year		 2023
£
56,943
56,943
53,357
1,516
54,873
2,070
2,070		 2022
£
33,834
33,834
37,129
1,516
38,645
(4,811)
(4,811)

Page 8

PECULIAR HOUSE CHURCH Balance Sheet

at 31 March 2023

at 31 March 2023
Company No.
CE004644
Notes
2023
£
Fixed assets
Tangibleassets
9
(2,893)
(2,893)
Current assets
Debtors
10
3,609
Cashat bankandin hand
21,063
24,672
Creditors: Amountfallingdue within one year
11
(144)
Netcurrent assets
24,528
Totalassets lesscurrentliabilities
21,635
Net assetsexcludingpension asset orliability
21,635
Totalnet assets
21,635
Thefundsofthecharity
Restrictedfunds
12
Unrestrictedfunds
12
Generalfunds
21,635
21,635
Reserves
12
Totalfunds
21,635		 2022
£
4,603
4,603
-
14,962
14,962
-
14,962
19,565
19,565
19,565
19,565
19,565
19,565

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 2023 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 2023

And signed on its behalf by:

�%4�� ��"35!���#2� �� �� � /,�

T. Abuwa

Trustee

31 March 2023

Page 9

PECULIAR HOUSE CHURCH Statement of Cash flows

for the year ended 31 March 2023

Cashflowsfrom operatingactivities
Netincome/(expenditure)perStatement ofFinancialActivities
Adjustmentsfor:
Depreciation ofproperty,plantand equipment
Increasein tradeand other receivables
Increasein tradeand other payables
Netcash provided by/(usedin)operatingactivities
Cashflowsfrominvestingactivities
Paymentsfor property,plantand equipment
Netcashfrominvestingactivities
Netcashfromfinancingactivities
Netincrease/(decrease)incash andcash equivalents
Cash andcash equivalentsat the beginningofthe year
Cash andcash equivalentsat the end ofthe year
Componentsofcash andcash equivalents
Cashand bankbalances		 2023
£
2,070
1,516
(3,609)
144
121
5,980
5,980
-
6,101
14,962
21,063
21,063
21,063		 2022
£
(4,811)
1,516
-
-
(3,295)
-
-
-
(3,295)
18,258
14,963
14,962
14,962

Page 10

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 11

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 12

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.

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

Page 13

PECULIAR HOUSE CHURCH Notes to the Accounts

3 Statement of Financial Activities - prior year

3
Statement ofFinancialActivities-prior year
Income and endowmentsfrom:
Donationsandlegacies
Total
Expenditure on:
Charitableactivities
Other
Total
Netincome
Netincome before other
gains/(losses)
Othergainsandlosses:
Net movementinfunds
Reconciliation of funds:
Totalfundsbroughtforward
Totalfundscarriedforward
4
Incomefrom donationsandlegacies
5
Expenditure oncharitable activities
Expenditureoncharitable
activities
Governancecosts		 Unrestricted
£
56,943
56,943
Unrestricted
£
8,651
8,651		 Unrestricted
funds
2022
£
33,834
33,834
4,072
34,573
38,645
(4,811)
(4,811)
(4,811)
24,376
19,565
Total
2023
£
56,943
56,943
Total
2023
£
8,651
8,651		 Totalfunds
2022
£
33,834
33,834
4,072
34,573
38,645
(4,811)
(4,811)
(4,811)
24,376
19,565
Total
2022
£
33,834
33,834
Total
2022
£
4,072
4,072

Page 14

PECULIAR HOUSE CHURCH Notes to the Accounts

6 Other expenditure

6
Other expenditure
Employeecosts
Motorand travelcosts
Premises costs
Amortisation,depreciation,
impairment,profit/losson
disposalof fixedassets
Generaladministrativecosts
Legaland professionalcosts
7
Netincome/(expenditure)before transfers
Thisis statedaftercharging:
Depreciation ofownedfixedassets
8
Staffcosts
No employee received emolumentsin excessof£60,000.
9
Tangiblefixed assets
Cost or revaluation
At 1 April2022
Additions
At 31 March 2023
Depreciation and
impairment
At 1 April2022
Depreciationchargefor the
year
At 31 March 2023
Net bookvalues
At 31 March 2023
At 31 March 2022
10 Debtors
Other debtors		 Unrestricted
£
-
3,050
-
35,500
1,516
5,241
915
46,222
2023
£
1,516
£
3,851
(2,990)
861
2,312
578
2,890
(2,029)
1,539
2023
£
3,609
3,609		 Total
2023
£
-
3,050
-
35,500
1,516
5,241
915
46,222
£
6,252
(2,990)
3,262
3,188
938
4,126
(864)
3,064		 Total
2022
£
220
-
1,258
27,500
1,516
3,289
790
34,573
2022
£
1,516
£
10,103
(5,980)
4,123
5,500
1,516
7,016
(2,893)
4,603
2022
£
-
-

Page 15

PECULIAR HOUSE CHURCH Notes to the Accounts

11 Creditors:

amounts falling due within one year

11 Creditors:
amountsfallingdue within one year
Othercreditors
12 Movementinfunds
Restrictedfunds:
Unrestrictedfunds:
Generalfunds
Totalfunds
13 Analysisofnet assetsbetweenfunds
Fixedassets
Netcurrentassets
14 Reconciliation ofnet debt
Cashandcash equivalents
Net debt		 At 1 April
2022
19,565
19,565		 2023
£
144
144
Incoming
resources
(including
other
gains/losses
)
£
56,943
56,943
At 1 April
2022
£		 Resources
expended
£
(54,873)
(54,873)
Unrestricted
funds
£
(2,893)
24,528
21,635
Cashflows
£		 2022
£
-
-
At 31
March
2023
£
21,635
21,635
Total
£
(2,893)
24,528
21,635
At 31
March
2023
£
14,962 6,101 21,063
14,962
14,962		 6,101
6,101		 21,063
21,063
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 16

PECULIAR HOUSE CHURCH Detailed Statement of Financial Activities

for the year ended 31 March 2023

for the year ended 31 March 2023
Income and endowmentsfrom:
Donationsandlegacies
Total income and endowments
Expenditure on:
Charitableactivities
Totalofexpenditure oncharitable
activities
Other expenditure
Employeecosts
Temporarystaff
Vehicles-Repairsand
maintenance
Premises costs
Rent
Generaladministrativecosts,
includingdepreciationand
amortisation
Depreciation of
Depreciation of
Stationeryand printing
Subscriptions
Sundry expenses
Telephone,fax and broadband
Legaland professionalcosts
Accountancyand bookkeeping
Otherlegaland professional
costs
Totalofexpenditure ofothercosts		 Unrestricted
funds
2023
£
56,943
56,943
56,943
8,651
8,651
8,651
-
-
3,050
3,050
-
-
35,500
35,500
578
938
2,000
1,647
1,450
144
6,757
915
-
915
46,222		 Totalfunds
2023
£
56,943
56,943
56,943
8,651
8,651
8,651
-
-
3,050
3,050
-
-
35,500
35,500
578
938
2,000
1,647
1,450
144
6,757
915
-
915
46,222		 Totalfunds
2022
£
33,834
33,834
33,834
4,072
4,072
4,072
220
220
-
-
1,258
1,258
27,500
27,500
578
938
1,270
-
2,019
-
4,805
690
100
790
34,573

Page 17

PECULIAR HOUSE CHURCH Detailed Statement of Financial Activities

PECULIARHOUSECHURCH
DetailedStatement ofFinancialActivities
Totalexpenditure
Netgainsoninvestments
Netincome/(expenditure)
Netincome/(expenditure)before
othergains/(losses)
Other Gains
Net movementinfunds
Reconciliation of funds:
Totalfundsbroughtforward
Totalfundscarriedforward		 54,873
-
2,070
2,070
-
2,070
19,565
21,635		 54,873
-
2,070
2,070
-
2,070
19,565
21,635		 38,645
-
(4,811)
(4,811)
-
(4,811)
24,376
19,565

Page 18