## **Trustees’ Annual Report for the period 1[st] January 2021 to 31[st] December 2021** ## **Charity name: Life Church Petersfield Charity registration number: 1015031** ## **Objectives and Activities** ||| |---|---| |Summary of the purposes of
the charity as set out in its
governing document
(SORP Para 1.17)|The objects of Life Church Petersfield are, for the public benefit:-
*** to advance the Christian faith**by following and proclaiming the
principles and truths of the Bible (both old and new testaments.)
In furtherance of this Objective the Church may arrange public and other
meetings for worship, praise, evangelism, teaching, study
encouragement and prayer.
*** to relieve poverty**and to meet specific need (physical, moral and
spiritual) both in this country and overseas by any means (eg. donations,
provisions of goods or services, contributions, loans and advances with
or without interest.)| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.
(SORP Para 1.17 & 1.19)|Covid restrictions and lockdowns continued to be in place throughout
the early part of the year leading to cancellation of activities. Life church
continued with YouTube meetings until July. The first in-person
gathering taking place on 1stAugust at Hurst Barn.**Messy Church,**
**Holiday Club**and**Tots’ Disco**did not take place this year.
**Regular Sunday and mid-week meeting**s; Life Church meetings
continued on YouTube live on Sunday mornings for worship, teaching,
prayer and fellowship until 25thJuly. There was also an opportunity to
catch up with others on Coffee zoom after the meeting. Mid-week
meetings continued on zoom until late summer with occasional small
socially-distanced meetings in the Catholic church hall when permitted.
(One life group and Life group leaders taking advantage of this face to
face but socially-distanced, masked-up format)
It has been difficult to be involved with any**PACT**gatherings due to the
Covid restrictions but the church leaders within PACT have been able to
meet monthly via zoom for a lunchtime meeting. Life Church has been
able to support or lead PACT initiatives including**Petersfield Town**
**Chaplaincy,**giving help, encouragement and support to local shop
keepers and market stall holders within the Covid restrictions. This has
been invaluable for the market stall holders. It was more difficult with
non-essential shops due to lockdowns for the early part of the year.
However, it was much appreciated when we could visit.
The Remembrance service and Armistice Day parade were very well
attended and the Town Chaplaincy was on hand to marshall and to
ensure safe social distancing. Their efforts drew words of appreciation
from the Mayor and Town Council.| ||***The Alpha Course:**with Nicky Gumbel online YouTube started in
September and ran for 12 weeks finishing in December, offering non-
Christians the opportunity to find out more about Jesus and the Christian
faith. A small but enthusiastic number of people joined and completed
the course.
***Frontline Debt Advice Petersfield**: to assist people in financial
difficulties by giving advice and helping them liaise with agencies and
creditors. A branch of Frontline Debt Advice UK was launched in January,
the service assisted 28 clients. Funded by Life Church.
***Christian Art Group:**workshops started up again in June providing
opportunities for people to explore different materials and techniques in
a safe, socially distanced environment though reduced in numbers eg 2
masked people in separate rooms and only when lockdown was lifted.
This provided a welcome escape from the confines of people’s homes
and helped with mental health issues.
***King’s Arms:**A local youth project where several members of Life
Church provide help and support. They continued to provide support
throughout the lockdown via zoom link and opened up for youth work,
catering for 200 children, and afterschool clubs after lockdown.
***Prayer for the church and wider community has continued on zoom**
three times a week – Sunday, Tuesday and Fridays with different hosts.
This has continued to be a lifeline throughout the pandemic. In addition
there have been days of Prayer & Fasting, on Wednesdays.
***Children’s work**: Children’s stories were read as part of the streamed
meetings every Sunday during lockdown. Children’s Church was
reinstated on Sundays after lockdown.
***DNA students**: one from the UK and one from Burundi. Life church
supported their study and work with the Church and the King’s Arms
project. One completed their term in June and the other in August.
* During 2021 there were 3 additional Zoom meetings for whole church
updates.
***Annual Pioneer Leaders’ Conference:**This occurred via zoom meeting
in the Spring.| |---|---| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit(SORP Para 1.18)|This is to confirm that Life Church Petersfield have undertaken a range of
activities which fulfil the obligation set out in their objectives and that
the Trustees have noted the Charity Commissions guidance on ‘public
benefit’.| ## **Additional information (optional)** ## You may choose to include further statements where relevant about: ||| |---|---| |Contribution made by
volunteers
(SORP Para 1.38)|Most of the activities of Life church are undertaken by volunteers.
***Weekly worship:**Before August, meetings were Live-streamed
on You tube, where several people were involved in the filming of
each part of the service, including worship, teaching and
reflection, reading a children’s story, editing the production and
sending out the link to church members. More than 30 individuals
contributed to our online Easter Sunday Meeting. On return to live
meetings we were able to reinstate the pre-Covid arrangements
with contributions including (but not limited to) speakers,
musicians, singers, sound engineers, projectionists, youth and
children’s workers and welcomers. Despite restrictions being put
back into place with the wearing of face masks and social
distancing,we were able to hold a Christmas Carol service minus| refreshments. This was quite well attended though not with the numbers it usually attracts. ***Life Groups:** providing Bible study, teaching, prayer and mutual support to church members **.** A small team continued to plan & prepare material for the Season of Fruitfulness Bible studies which were used in Life Groups. Though the early part of the year meant sharing the discussion on zoom we were later able to hold face-toface discussions. One Life Group met in a local church hall (masked) earlier in the year. During Lockdown, communication within and between groups was largely conducted via Zoom, email & telephone. ***Assemble:** The Youth group continued to meet via zoom during the earlier part of the year and this became the place for the young people to encounter God in meaningful ways that were appropriate to their age and through the activities, support and discussions with the Youth Leaders and the DNA students. The two church Youth Leaders retired in August. A package of support for Christian young people provided by the King’s Arms began in September. Weekly sessions in the King’s Arms building offered activities for young people from Life Church. ***Chaplaincy;** coming alongside stall holders and shop keepers to encourage and support with prayer **.** This continued when and where possible though several shops had closed down by June. ***Christian Arts Group:** encouraging people to develop their creative skills and to share fellowship and prayer. ***Knit and Knatter** ; We were unable to meet during the first part of the year due to restrictions, but our first face-to-face meeting took place in September and was very well attended. Covid precautions were observed. It provides a safe environment to share fellowship and encouragement with older ladies from the community. Many of their knitted items have been donated to local charities. * **Women’s Prayer & Share** : this was reinstated after lockdown and continues to prove beneficial to attendees. * **Lockdown initiatives** : many church members found ways to support the local community by for example, making masks, delivering food parcels, prescriptions & shopping, helping isolated older folk with IT problems & developing and growing links with local street-based communities. The church website was redesigned from scratch to include additional contributions such as children’s resources, recommendations for worship songs and a new blog called Dave’s Bridge Blog. These activities helped to maintain the connections between us. ## **Achievements and Performance** Summary of the main achievements of the charity, identifying the difference the Charity’s work has made to the Most of the activities that Life Church Petersfield undertakes and supports are not readily measured by quantitative data. Rather we base our achievements on qualitative measures. |circumstances of its
beneficiaries and any wider
benefits to society as a whole.
(SORP Para 1.20)|**Youth & Children’s Work:**Members of the church and wider
community receive support and encouragement through the youth
work at the King’s Arms, Children’s Church on Sundays additional
events, e.g. the Light & Bright event at the end of October attended by
many families outside of Life Church.
***Weekly Meetings:**both the church gathering on a Sunday and the
Live-stream YouTube are open to the public, providing mutual support,
fellowship, and teaching. “Contactless Coffee” on Zoom took place after
the streamed meeting each Sunday, helping folks maintain contact with
one another when physically separated.
When in-person meetings were reinstated, they were live-streamed to
enable those unable to attend to take part.
***Poverty Relief:**We gave financial support (particularly at Christmas) to
more than 34 individuals and families in the local community. The
Christmas Carol Service offering enabled us to give £200 each to the
Bible Society and Butser Homestart. In addition, we have regularly
donated items to the PACT Foodbank and Christmas Hampers.
*The lives and activities of the volunteers within the church have a
positive impact on church members, their neighbourhoods, and the
wider community (see 1.38). In addition to general support & pastoral
care during Covid, we were able to support three families through
bereavement, including help with making funeral arrangements and
organising services.
We continue to be members of**Pioneer Network of churches**and the
**Evangelical Alliance and Petersfield Area Churches Together (PACT).**
Pioneer gave us a grant to buy streaming equipment.
**Speakers:**
We have provided financial support to speakers and worship leaders
this year, who visited the church and/or spoken on the Live stream
YouTube meeting, to support our objectives by means of preaching,
teaching, encouragement, and leading worship.
**Overseas:**
*Life Church Petersfield makes regular donations to 6 members of
**YWAM (**Youth With A Mission)
*We support**IMC**(In Ministry to Children) a charity based in Colombia
that cares for street children and young families facing extreme poverty.| |---|---| ## **Financial Review** |**Financial Review**|| |---|---| |Review of the charity’s
financial position at the end
of the period
(SORP Para 1.21)|Please refer to the Financial Statements in the following pages of
this report.| |Statement explaining the
policy for holding reserves
stating why they are held
(SORP Para 1.22)|The Trustees have established a policy whereby unrestricted funds
not committed or invested in tangible fixed assets (the ‘free
reserves’) held by the charity should be a minimum of 3 months of
the resources expended.| |Amount of reserves held
(SORP Para 1.22)|£30,000| |Reasons for holding zero
reserves
(SORP Para 1.22)|N/A| |Details of fund materially in
deficit
(SORP Para1.24)|None| |---|---| |Explanation of any
uncertainties about the
charity continuing as a going
concern
(SORP Para 1.23)|N/A| ## **Structure, Governance and Management** |**Structure, Governance**|**and Management**| |---|---| |Description of charity’s
trusts:|| |Type of governing document
(SORP Para 1.25)|Constitution| |How is the charity
constituted?
(SORP Para 1.25)|Unincorporated association| |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
(SORP Para 1.25)|The church members nominate potential trustees. These
nominations are vetted by the current trustees and those selected
are put forward for election by the members at the AGM or EGM| ## **Additional information (optional)** |**Additional information (optional)**|**Additional information (optional)**| |---|---| |You may choose to include further statements where relevant about:|| |Relationship with any
related parties
(SORP Para 1.51)|Life Church Petersfield is a member of the Pioneer Network,
Petersfield Area Churches Together (PACT) and the Evangelical
Alliance.| ## **Reference and Administrative details** |Charity name|Life Church Petersfield| |---|---| |Registered charity number|1015031| |Charity’s principal address|Life Church Centre
16D Chapel Street
Petersfield, Hampshire
GU32 3DZ| |Gift Aid Tax reference|XN41983| ## **Names of the charity trustees who manage the charity** |**Trustee name**|**Office (if any)**|**Dates acted if not for**
**whole year**|**Name of person (or body)**
**entitled to appoint trustee (if**
**any)**| |---|---|---|---| |JF Callaghan|Ex officio||LeadershipTeam| |T Merriman|Ex officio||LeadershipTeam| |D Parkes|||Membershipat AGM| |B Shaw|Chair||Membershipat AGM| |R Romanowicz||1/1/21 – 17/10/21|Membershipat AGM| |---|---|---|---| |S Smith||1/1/21 – 17/10/21|Membershipat AGM| |T Aeschliman|||Membershipat AGM| ||||| |R Romanowicz||Stood down at AGM|| |S Smith||Stood down at AGM|| |RJ Arnold|Treasurer|Elected at EGM|17/10/21-31/12/21| |P Collingwood||Elected at EGM|17/10/21-31/12/21| ## **Funds held as custodian trustees on behalf of others** |Description of the assets
held in this capacity|N/A| |---|---| |Name and objects of the
charity on whose behalf the
assets are held and how this
falls within the custodian
charity’s objects|N/A| |Details of arrangements for
safe custody and
segregation of such assets
from the charity’s own
assets|N/A| ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **----- Start of picture text -----**
Signature(s)
Robert John Arnold
Full name(s) Belinda Bridgetta Cecelia Shaw
Position (eg Secretary, Chair
Chair, etc)
Date
13 [th] March, 2022
**----- End of picture text -----**
**Charity Registration No. 1015031** ## **LIFE CHURCH PETERSFIELD** **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 DECEMBER 2021** ## **LIFE CHURCH PETERSFIELD** ## **LEGAL AND ADMINISTRATIVE INFORMATION** |**TRUSTEES:**|Mr T Aeschliman|| |---|---|---| ||Mr J Arnold|| ||Mr J Callaghan|| ||Ms P Collingwood|(Appointed 17 October 2021)| ||Mr T Merriman|| ||Mr R D Parkes|| ||Ms B Shaw|| |**CHARITY NUMBER:**|1015031|| |**PRINCIPAL OFFICE:**|16D Chapel Street|| ||Petersfield|| ||Hampshire|| ||GU32 3DZ|| |**INDEPENDENT EXAMINER:**|TaxAssist Accountants|| ||Liss Business Centre|| ||Station Road|| ||Liss|| ||Hampshire|| ||GU33 7AW|| ## **LIFE CHURCH PETERSFIELD** ## **CONTENTS OF THE FINANCIAL STATEMENTS** **Independent examiner's report Statement of financial activities** **Balance sheet** **Notes to the Financial Statements** ## **LIFE CHURCH PETERSFIELD** ## **INDEPENDENT EXAMINER'S REPORT** ## **TO THE TRUSTEES OF LIFE CHURCH PETERSFIELD** I report to the Trustees on my examination of the financial statements of Life Church Petersfield (the Life Church Petersfield) for the year ended 31 December 2021. ## **Responsibilities and basis of report** As the Trustees of the Life Church Petersfield you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act). I report in respect of my examination of the Life Church Petersfield’s financial statements carried out under section 145 of the 2011 Act . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner's statement** Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1 accounting records were not kept in respect of the Life Church Petersfield as required by section 130 of the 2011 Act; or 2 the financial statements do not accord with those records; or 3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. 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. D M Clanchy TaxAssist Accountants Liss Business Centre Station Road Liss Hampshire GU33 7AW Dated: 17 March 2022 ## **LIFE CHURCH PETERSFIELD** ## **STATEMENT OF FINANCIAL ACTIVITIES** ## **INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## **FOR THE YEAR ENDED 31 DECEMBER 2021** **----- Start of picture text -----**
Notes Unrestricted Restricted Total Total
funds funds
2021 2021 2021 2020
£ £ £ £
Income from:
Donations and legacies 3 108,317 3 ,162 111,479 104,408
Charitable activities 4 2 ,354 2,354 2,062
Investments 5 138 138 154
Total Income 110,809 3 ,162 113,971 106,624
Expenditure on
Raising Funds 6
Charitable activities 7 105,025 2 ,902 107,927 70,667
Total Resources expended 105,025 2 ,902 107,927 70,667
Net income/(expenditure) for the year/
Net movement in funds 5 ,784 260 6,044 6,726
Fund balances at 01 January 2021 79,126 1 ,948 81,074 74,348
Fund balances at 31 December 2021 84,910 2 ,208 87,118 81,074
**----- End of picture text -----**
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. ## **LIFE CHURCH PETERSFIELD** ## **BALANCE SHEET** ## _**AS AT 31 DECEMBER 2021**_ **----- Start of picture text -----**
Notes 2021 2020
£ £ £ £
Fixed Assets
Tangible assets 10 2,536 2,339
Current assets
Debtors 12 15,656 10,025
Cash at bank and in hand 74,634 73,259
90,290 83,284
Creditors: Amounts falling
due within one year 13 (5,708) (4,549)
Total assets less current liabilities 87,118 81,074
Income funds
Restricted funds 2,208 1,948
Unrestricted funds 84,910 79,126
Total charity funds 87,118 81,074
**----- End of picture text -----**
The Financial statements were approved by the Trustees on 13 March 2022. ………………………………….. Ms B Shaw **Trustee** ## **LIFE CHURCH PETERSFIELD** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## **1 Accounting policies** ## **Charity information** Life Church Petersfield is a registered charity. ## **1.1 Accounting convention** The financial statements have been prepared in accordance with the Life Church Petersfield's [governing document], the Charities Act 2011 and “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)” (as amended for accounting periods commencing from 1 January 2016). The Life Church Petersfield is a Public Benefit Entity as defined by FRS 102. The Life Church Petersfield has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The financial statements are prepared in sterling , which is the functional currency of the Life Church Petersfield. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below. ## **1.2 Going concern** At the time of approving the financial statements, the Trustees have a reasonable expectation that the Life Church Petersfield has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Life Church Petersfield. ## **1.4 Incoming resources** Income is recognised when the Life Church Petersfield is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the Life Church Petersfield has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. ## **LIFE CHURCH PETERSFIELD** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ - 1 **Accounting policies** ## **(Continued)** Legacies are recognised on receipt or otherwise if the Life Church Petersfield has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes. ## **1.5 Resources expended** ## **1.6 Tangible fixed assets** Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Plant and equipment 10% Computers 25% The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year. ## **1.7 Impairment of fixed assets** At each reporting end date, the Life Church Petersfield reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ). Intangible assets with indefinite useful lives and intangible assets not yet available for use are tested for impairment annually, and whenever there is an indication that the asset may be impaired. ## **1.8 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. ## **1.9 Financial instruments** The Life Church Petersfield has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the Life Church Petersfield's balance sheet when the Life Church Petersfield becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. ## **LIFE CHURCH PETERSFIELD** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ - 1 **Accounting policies** **(Continued)** ## _**Basic financial assets**_ Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. ## _**Basic financial liabilities**_ Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. ## _**Derecognition of financial liabilities**_ Financial liabilities are derecognised when the Life Church Petersfield’s contractual obligations expire or are discharged or cancelled. ## **1.1 Employee benefits** The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the Life Church Petersfield is demonstrably committed to terminate the employment of an employee or to provide termination benefits. ## **2 Critical accounting estimates and judgements** In the application of the Life Church Petersfield’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. At each reporting end date, the Life Church Petersfield reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ). The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. ## **LIFE CHURCH PETERSFIELD** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ **----- Start of picture text -----**
3 Donations and legacies
Unrestricted Restricted Total Total
Funds Funds
2021 2021 2021 2019
£ £ £ £
Donations and gifts 90,393 3,162 93,555 8 7,020
Income tax reclaimed 17,924 17,924 1 7,388
108,317 3,162 111,479 104,408
For the year ended 31 December 20202 100,765 3,643 104,408
4 Charitable activities 2021 2020
£ £
Sales within charitable activities 120 1 ,375
Other income 2,234 6 87
2,354 2 ,062
5 Investments
Unrestricted Total
Funds
2021 2020
£ £
Interest receivable 138 1 54
6 Raising Funds Unrestricted Total
Funds
2021 2020
£ £
Fundraising and publicity 0 0
Support costs 0 0
**----- End of picture text -----**
The Trustees consider that these costs relate to charitable activities rather than raising funds. ## **LIFE CHURCH PETERSFIELD** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ **----- Start of picture text -----**
(continued)
7 Charitable activities 2021 2020
£ £
Staff costs 27,312 27,217
External Ministry Support 28,483 26,857
Hall & Room hire 3,823 2,143
Outreach 1 43 495
Social Fund 4,928 4,861
Youth Work 4,525 2,912
Children's Church 1 31 -
Worship Team 1 37 -
Training 2 37 120
Refreshments & Communion 13 36
Flowers & Cards 3 60 235
DNA 3 60 2,370
FrontLine 2,174 118
PA Meeting & Equipment 1,448 -
Church Activities 90 2,130
Support costs 32,585 29,231
106,749 98,725
Share of governance costs (see note 8) 1,178 1,173
107,927 99,898
Analysis by fund
Unrestricted funds 105,025
Restricted funds 2,902
107,927
For the year ended 31 December 2020
Unrestricted funds 99,898
Restricted funds 1,995
101,893
**----- End of picture text -----**
## **LIFE CHURCH PETERSFIELD** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ **----- Start of picture text -----**
8 Support Costs
Support Governance 2021 2020
Costs Costs
£ £ £ £
Staff costs 17,868 17,868 14,972
Depreciation 292 292 292
Pension contributions 1,093 1,093 936
Rent 9,000 9,000 9,000
Insurance 901 901 860
Music Licences 671 671 569
Photocopier 848 848 808
Storage 815 815 753
Bank charges 180 180 180
General Expenses 918 918 861
Legal and professional 1,178 1,178 1,173
32,585 1,178 33,763 30,404
Analysed between
Fundraising 32,585 32,585 29,231
Charitable activities 1,178 1,178 1,173
32,585 1,178 33,763 30,404
**----- End of picture text -----**
Governance costs includes payments to the independent examiner of £ 708 ( 2020 - £708 ) . ## **9 Trustees** None of the elected Trustees received any remuneration or benefits from the Life Church Petersfield during the year. ## **LIFE CHURCH PETERSFIELD** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2021**_ ## **10 Tangible fixed assets** |**Cost**
At 1st January 2021
Additions
At 31st December 2021
**Depreciation and impairment**
At 1st January 2021
Depreciation charge in the year
At 31st December 2021
Carrying amount
At 31st December 2021
At 31st December 2020
**11**
**Financial Statements**
**Carrying amount of financial assets**
Debt instruments measured at amortised cost
**Carrying amount of financial liabilities**
Measured at amortised cost
**12**
**Debtors**
**Amounts falling due within one year:**
Other debtors
Prepayments
**13**
**Creditors: amounts falling due within one year**
Other creditors
Accruals and deferred income|Plant and
Equipment
£
3 8,317
-
3 8,317
3 5,978
292
3 6,270
2,047
2,339|Computers
£
1,393
4 89
1,882
1,393
-
1,393
4 89
-
**2021**
**£**
9,500
5,708
**2021**
**£**
14,715
9 41
15,656
**2021**
**£**
4,000
1,708|Total
£
39,710
489
40,199
37,371
292
37,663
2,536
2,339
**2020**
**£**
8,250
4,549
**2020**
**£**
9,125
900
10,025
**2020**
**£**
1 ,151
3 ,398| |---|---|---|---|