**Trustees’ Annual Report for the period 1[st] January 2022 to 31[st] December 2022 Charity name: Life Church Petersfield Charity registration number: 1015031** ## **Objectives and Activities** ||SORP|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|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.|Para 1.17
& 1.19|The church has continued to meet regularly on
Sunday mornings and in small midweek groups for
worship, teaching, prayer and fellowship. We have
been involved in larger gatherings with other
Christians (PACT) throughout the town for worship
and proclamation of the gospel at shared town
celebrations at Easter, May and August Bank
Holidays, the November Remembrance Service and
Christmas.
We continue to support**PACT**(Petersfield Area
Churches Together) and its initiatives. (**PACT**
continued to meet via zoom throughout the year).
**Coffee morning and prayers for the Ukraine**held
during the summer.
The town**Chaplaincy** –giving help, encouragement
and support to local shop keepers and market stall
holders.| |||**The Remembrance Service**and**Armistice Day**
parade were well attended, and the Town
Chaplaincy was on hand to marshal and to ensure
safety.
**Evangelistic training**with Tico Rice was held at the
United Reformed Church.
***Monthly Family Sundays** – “Creation
Celebrations” including craft activities look at the
wonders of creation and what we can do to take care
of the planet.
***Season of Fruitfulness**study; a whole church
initiative.
***Ladies Prayer and Share**: a monthly opportunity
for ladies to get together for Bible study and prayer.
***Prayer for the Church**: Life church held a
weekend of prayer for the town, PACT and
international needs. This was held in the Methodists
church in November with PACT members invited.
***Christian Arts Group**: Providing a wide range of
art and craft activities for all ages. This was able to
pick up most of the Pre Covid numbers
* The**King’s Arms**: a local youth Centre where
several members of Life Church provide help and
support.
*** U-nite Youth Group– **funded by Life Church and
staffed by professional youth workers where young
people can explore the Christian faith.
***Annual Pioneer Leaders Conference**; This was
held via zoom with some Life group members
participating.
***Art/Dance group– **met weekly locally to encourage
movement using flags and ribbons and painting
accompanied with worship music. This was open to
Life church members and others.
***Light and Bright -**events for children. Encouraging
our children’s friends to take part.
***Frontline Debt Advice**- which helped 22 people
during 2022 with benefit applications and dealing
with debts.| |---|---|---| |*Statement confirming
whether the trustees have
had regard to the guidance
issued bythe Charity|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| Commission on public benefit Trustees have noted the Charity Commissions guidance on ‘public benefit’. |**Additional information (optional)**
You may choose to include further statements where relevant about:|**Additional information (optional)**
You may choose to include further statements where relevant about:|**Additional information (optional)**
You may choose to include further statements where relevant about:|**Additional information (optional)**
You may choose to include further statements where relevant about:| |---|---|---|---| ||SORP||| |Contribution made by
volunteers|Para 1.38|Many of the activities of Life Church are undertaken
by volunteers:
***Weekly Worship** –these include (but not limited to)
speakers, musicians, singers, sound engineers,
projectionists, youth and children’s workers,
refreshments team and welcomers.
***Life Groups**: providing Bible study, teaching,
prayer, mentoring and mutual support to church
members.
***Children’s Work**: Providing play, creativity and
learning activities around the Christian faith message
for young children to help them to discover who God
is.
***Chaplaincy**: Coming alongside shop keepers and
stall holders to support, encourage and prayer.
***Knit and Knatter**: an evening of knitting and craft
activities for adults, mostly older members of the
community. Many of the completed items are donated
to worthy causes. This group continues to grow.
***Dance/Art group**: a weekly evening event to
encourage movement and dance with flags and
ribbons and to enable paintings to be produced
accompanied with worship music.
***Frontline Debt Advice** –run by Life Church
volunteers helping people with benefits applications
and dealing with debts.|| ## **Achievements and Performance** ||SORP|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
Charity’s work has made to
the circumstances of its
beneficiaries and anywider|Para
1.20|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.| |benefits to society as a
whole.||*Members of the church and wider community are
given support and encouragement through these
activities, for example–***Weekly**
**meetings**, which are open to the public, provide
mutual support, fellowship and teaching.
* As part of our**poverty relief**we give financial
support (particularly at Christmas) to various
individuals in the local community.
* The lives and activities of the volunteers within the
church ( see 1.38) have a significant impact on their
neighbourhood and the town. On the wider front, we
continue to be members of Pioneer Network of
churches and The Evangelical Alliance.
The Charity and Church are supported from the
administration office. Admin produce a weekly news
sheet and coordinate a diary of events. The office
supports the Trustees and Leadership team, the
Church website and other administrative issues of the
charity and the church.
**Speakers**:
We provide financial support, on a regular basis, to
several speakers who visit the church to support our
objectives by means of preaching, teaching and
encouragement.
**U-Nite:**
Although still small, our Youth Group has more than
doubled since its inception in September 2021. It is
seen to of value to the wellbeing of young people
such that other youth carers in Petersfield are
encouraging some of their youngsters to attend.
**Overseas**:
* Life Church Petersfield makes regular donations to
five members of**YWAM**(Youth with a Mission)
* We support**IMC**(In Ministry to Children) a charity
based in Colombia that cares for homeless children
and young families facing extreme poverty
* During the year Life Church Petersfield received
specific donations for the**Bible Society, Release**
**International and Ukraine appeal.**| |---|---|---| * For the overseas projects the total raised was £2,500 (excluding Gift Aid). ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|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|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|Para 1.22|£30,000| |Reasons for holding zero
reserves|Para 1.22|N/A| |Details of fund materially in
deficit|Para 1.24|None| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|N/A| ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document|
Para 1.25|Constitution| |How is the charity
constituted?|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|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
0r EGM| to appoint one or more trustees **Additional information (optional)** You may choose to include further statements where relevant about: Life Church Petersfield is a member of the Pioneer Network, Petersfield Area Churches Together (PACT) and the Evangelical Alliance. Relationship with any related parties Para 1.51 ## **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** |1
2
3
4
5
6
7|**Trustee name**|**Office (if any)**|**Dates acted if not for**
**whole year**|**Name of person (or body)**
**entitled to appoint trustee**
**(if any)**| |---|---|---|---|---| ||RJ Arnold|Treasurer||Membershipat AGM| ||JF Callaghan|Ex officio||LeadershipTeam| ||Tim Merriman|Ex officio||LeadershipTeam| ||RD Parkes|Secretary||Membershipat AGM| ||B Shaw|Chair||Membershipat AGM| ||Pippa Collingwood|||Membershipat AGM| ||T Aeschliman||1/1/22–21/8/22|Membershipat AGM| ## **Funds held as custodian trustees on behalf of others** Description of the assets N/A held in this capacity Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** **Signature(s)** Robert John Arnold **Full name(s)** Belinda Bridgetta Cecelia Shaw **Position (eg Secretary, Chair Chair, etc) Date** 19[th] March 2023 iCloud/documents/AGM 2023/The Annual Report 2023 **Charity Registration No. 1015031** ## **LIFE CHURCH PETERSFIELD** **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 DECEMBER 2022** ## **LIFE CHURCH PETERSFIELD** ## **LEGAL AND ADMINISTRATIVE INFORMATION** **TRUSTEES:** Mr T Aeschliman (01/01/2022 - 21/08/2022) Mr J Arnold Mr J Callaghan Ms P Collingwood 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 2 London Road Purbrook, Waterlooville Hampshire PO7 5LJ ## **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 2022. ## **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 2 London Road Purbrook Waterlooville, Hampshire PO7 5LJ Dated: 23/03/2023 ## **LIFE CHURCH PETERSFIELD** ## **STATEMENT OF FINANCIAL ACTIVITIES** ## **INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## **FOR THE YEAR ENDED 31 DECEMBER 2022** **----- Start of picture text -----**
Notes Unrestricted Restricted Total Total
funds funds
2022 2022 2022 2021
£ £ £ £
Income from:
Donations and legacies 3 102,166 2,639 104,805 111,479
Charitable activities 4 1,024 1,024 2,354
Investments 5 495 495 138
Total Income 103,685 2,639 106,324 113,971
Expenditure on
Raising Funds 6
Charitable activities 7 109,319 2,629 111,948 107,927
Total Resources expended 109,319 2,629 111,948 107,927
Net income/(expenditure) for the year/
Net movement in funds (5,634) 10 (5,624) 6,044
Fund balances at 01 January 2022 84,910 2,208 87,118 81,074
Fund balances at 31 December 2022 79,276 2,218 81,494 87,118
**----- 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 2022**_ **----- Start of picture text -----**
Notes 2022 2021
£ £ £ £
Fixed Assets
Tangible assets 10 2,122 2,536
Current assets
Debtors 12 13,952 15,656
Cash at bank and in hand 67,650 74,634
81,602 90,290
Creditors: Amounts falling
due within one year 13 (2,230) (5,708)
Total assets less current liabilities 81,494 87,118
Income funds
Restricted funds 2,218 2,208
Unrestricted funds 79,276 84,910
Total charity funds 81,494 87,118
**----- End of picture text -----**
The Financial statements were approved by the Trustees on 19/03/2023. ………………………………….. Ms B Shaw **Trustee** ## **LIFE CHURCH PETERSFIELD** ## **NOTES TO THE FINANCIAL STATEMENTS** ## _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ ## **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 2022**_ ## 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 2022**_ - 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 2022**_ **----- Start of picture text -----**
3 Donations and legacies
Unrestricted Restricted Total Total
Funds Funds
2022 2022 2022 2021
£ £ £ £
Donations and gifts 87,122 2,639 89,761 93,555
Income tax reclaimed 15,044 15,044 17,924
102,166 2,639 104,805 111,479
For the year ended 31 December 2021 108,317 3,162 111,479
4 Charitable activities 2022 2021
£ £
Sales within charitable activities 768 120
Other income 256 2,234
1,024 2,354
5 Investments
Unrestricted Total
Funds
2022 2021
£ £
Interest receivable 495 138
6 Raising Funds Unrestricted Total
Funds
2022 2021
£ £
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 2022**_ **----- Start of picture text -----**
(continued)
7 Charitable activities 2022 2021
£ £
Staff costs 26,917 27,312
External Ministry Support 25,854 28,483
Hall & Room hire 7,744 3,823
Outreach 449 143
Social Fund 3,032 4,928
Youth Work 12,522 4,525
Children's Church 248 131
Worship Team - 137
Training 768 237
Refreshments & Communion 235 13
Flowers & Cards 590 360
DNA - 360
FrontLine 2,614 2,174
PA Meeting & Equipment 249 1,448
Church Activities 780 90
Support costs 28,452 32,585
110,454 106,749
Share of governance costs (see note 8) 1,494 1,178
111,948 107,927
Analysis by fund
Unrestricted funds 109,319
Restricted funds 2,629
111,948
For the year ended 31 December 2021
Unrestricted funds 105,025
Restricted funds 2,902
107,927
**----- End of picture text -----**
## **LIFE CHURCH PETERSFIELD** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2022**_ **----- Start of picture text -----**
8 Support Costs
Support Governance 2022 2021
Costs Costs
£ £ £ £
Staff costs 13,717 13,717 17,868
Depreciation 414 414 292
Pension contributions 904 904 1,093
Rent 9,000 9,000 9,000
Insurance 941 941 901
Music Licences 730 730 671
Photocopier 735 735 848
Storage 739 739 815
Bank charges 198 198 180
General Expenses 1,074 1,074 918
Legal and professional 1,494 1,494 1,178
28,452 1,494 29,946 33,763
Analysed between
Fundraising 28,452 28,452 32,585
Charitable activities 1,494 1,494 1,178
28,452 1,494 29,946 33,763
**----- End of picture text -----**
Governance costs includes payments to the independent examiner of £ 708 ( 2021 - £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 2022**_ ## **10 Tangible fixed assets** |**Cost**
At 1st January 2022
Additions
At 31st December 2022
**Depreciation and impairment**
At 1st January 2022
Depreciation charge in the year
At 31st December 2022
Carrying amount
At 31st December 2022
At 31st December 2021
**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
£
38,317
-
38,317
36,270
292
36,562
1,755
2,047|Computers
£
1,882
1,882
1,393
122
1,515
367
489
**2022**
**£**
8,600
2,230
**2022**
**£**
13,095
857
13,952
**2022**
**£**
522
1,708
2,230|Total
£
40,199
-
40,199
37,663
414
38,077
2,122
2,536
**2021**
**£**
9,500
5,708
**2021**
**£**
14,715
941
15,656
**2021**
**£**
4,000
1,708
5,708| |---|---|---|---|