## **Trustees’ Annual Report for the period 1[st] January 2023 to 31[st] December 2023** **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 (e.g.
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 in the
Methodist church hall (our new home) 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 have also shared some activities with
the Methodist congregation, for example, at
Christmas services and weekly refreshments after
the Services and a joint Sunday lunch.
We continue to support**PACT**(Petersfield Area
Churches Together) and its initiatives. John
Callaghan from Life church served as the Chair of
PACT in 2023.
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.
*
**Monthly Family Sundays**– “Creation
Celebrations” including craft activities looking at the
wonders of creation and what we can do to take care
of the planet continued until July, Then the focus
changed in September, to looking at ways to keep
the body healthy and our lives sustainable as regards
changes to our climate. Guest speakers invited to talk
on related issues.
***Whole church focus**on diferent aspects of God’s
character each month with Life groups, sermons and
prayer based on this.
*
**Ladies Prayer and Share**: a monthly
opportunity for ladies to get together for Bible
study and prayer.
*
**Prayer for the Church**: Life church held two
weekends of prayer for the town, PACT and
international needs. This was held in the
Methodist Church in February & November with
PACT members invited.| |---|---| |||*
**Christian Arts Group**: Providing a wide range
of art and craft activities for all ages.
*
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. Belinda Shaw, Life Church chair person,
working as a regular volunteer with**U-Nite**
***Annual Pioneer Leaders Conference**; This
was held via zoom with some Life group
members participating. Leaders, Trustees and
children’s workers attended zoom re-training for
Safeguarding
***Light and Bright –**craft events for children.
Encouraging our children’s friends to take part.
***Frontline Debt Advice**- which helped 41 new
clients in 2023, with benefit applications and dealing
with debts.| |---|---|---| |*Statement confirming
whether the trustees have
had regard to the guidance
issued by the 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| ## **Additional information (optional)** |Commission on public benefit||Trustees have noted the Charity Commissions
guidance on ‘public benefit’.|Trustees have noted the Charity Commissions
guidance on ‘public benefit’.| |---|---|---|---| |You maychoose to include further statements where relevant about:|||| |Contribution made by
volunteers|SORP
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.| - Contribution made by - volunteers * **Children’s Work** : Providing play, creativity and learning activities around the Christian - Para 1.38 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. - * **Frontline Debt Advice** – run by Life Church volunteers helping people with benefits applications and dealing with debts. * **Petersfield Employment Plus** – since the closure of the local JobCentre members of Life Church have run the Salvation Army Job Club. * **Age Concern IT Support** – members of Life Church provide smart phone and computer support to Seniors. * In April we served the Social Club by having a mammoth litter clear up. This group went on to serve other areas and is now called the **Rubbish Singers** , being good news to the town. * In June we held a Funday for In Ministry to Children in Colombia, which is our major overseas ministry. Although they are 5,273 miles away, we are closely involved in prayer and action. Further fundraising events for IMC included a summer concert with Becky Frith’s group _Dragonflies_ and a classical concert by Tim Peake and his son. * A new initiative in early summer was Pact Out when different PACT organisations and churches hired the Avenue play area and held a musical and charity event. The Brass band were a highlight. ## **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 any wider
benefits to society as a
whole.|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.
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.| |Summary of the main
achievements of the charity,
identifying the difference the
Charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.||In August we hired the Open Air Swimming Pool in the
town and provided a free evening swim and food for
families in Petersfield.
**Overseas**:
Life Church Petersfield makes regular donations to
four 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**and in
response to the earthquake in Turkey (£2,996 was
raised by donations)| |---|---|---| ## **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 to
appoint one or more trustees|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 an EGM.
The Leadership team nominates 2 Trustees.| ## **Additional information (optional)** You may choose to include further statements where relevant about: |Relationship with any related
parties|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
1 London House
Chapel Street
Petersfield,
Hampshire
GU32 3DR| |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)**| |---|---|---|---| |RJ Arnold|Treasurer||Membership at AGM| |JF Callaghan|Ex officio||Leadership Team| |Tim Merriman|Ex officio||Leadership Team| |RD Parkes|Secretary||Membership at AGM| |B Shaw|Chair||Membership at AGM| |Pippa Collingwood|||Membership at 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)** ~~[ome~~ Belinda Bridgetta Cecelia Robert John Arnold **Full name(s)** Shaw ~~esee~~ Position (e.g. Secretary, Chair, **Chair Treasurer** etc.) ~~a~~ **Date:** 25[th] March 2024 ~~ee~~ **Charity Registration No. 1015031** ## **LIFE CHURCH PETERSFIELD** **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 DECEMBER 2023** ## **LIFE CHURCH PETERSFIELD** ## **LEGAL AND ADMINISTRATIVE INFORMATION** |**TRUSTEES:**|Mr J Arnold| |---|---| ||Mr J Callaghan| ||Ms P Collingwood| ||Mr T Merriman| ||Mr R D Parkes| ||Ms B Shaw| |**CHARITY NUMBER:**|1015031| |**PRINCIPAL OFFICE:**|1 London House| ||Chapel Street| ||Petersfield| ||GU32 3DR| |**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 2023. ## **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: 25th March, 2024 ## **LIFE CHURCH PETERSFIELD** ## **STATEMENT OF FINANCIAL ACTIVITIES** ## **INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## **FOR THE YEAR ENDED 31 DECEMBER 2023** **----- Start of picture text -----**
Notes Unrestricted Restricted Total Total
funds funds
2023 2023 2023 2022
£ £ £ £
Income from:
Donations and legacies 3 95,276 2,996 98,272 104,805
Charitable activities 4 2,301 2,301 1,024
Investments 5 2,076 2,076 495
Total Income 99,653 2,996 102,649 106,324
Expenditure on
Raising Funds 6
Charitable activities 7 99,223 2,996 102,219 111,948
Total Resources expended 99,223 2,996 102,219 111,948
Net income/(expenditure) for the year/
Net movement in funds 430 - 430 (5,624)
Fund balances at 01 January 2022 79,276 2,208 81,484 87,118
Fund balances at 31 December 2023 79,706 2,208 81,914 81,494
**----- 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 2023**_ |**Notes**
**Fixed Assets**
Tangible assets
10
**Current assets**
Debtors
12
Cash at bank and in hand|**£**
11,446
72,561|11,446
72,561
**2023**|**£**
1,708|**£**
13,952
67,560|**2022**|**£**
2,122| |---|---|---|---|---|---|---| |13
**Creditors: Amounts falling**
**due within one year**|84,007
(3,801)|||81,602
(2,230)||| |||||||| |**Total assets less current liabilities**|||81,914|||81,494| |**Income funds**
Restricted funds
Unrestricted funds|||2,208
79,706|||2,218
79,276| |**Total charity funds**|||81,914|||81,494| The Financial statements were approved by the Trustees on 25th March, 2024 ………………………………….. Ms B Shaw **Trustee** ## **LIFE CHURCH PETERSFIELD** ## **NOTES TO THE FINANCIAL STATEMENTS** ## _**FOR THE YEAR ENDED 31 DECEMBER 2023**_ ## **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 2023**_ - 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 2023**_ **----- Start of picture text -----**
3 Donations and legacies
Unrestricted Restricted Total Total
Funds Funds
2023 2023 2023 2022
£ £ £ £
Donations and gifts 82,696 2,996 85,692 89,761
Income tax reclaimed 12,580 12,580 15,044
95,276 2,996 98,272 104,805
For the year ended 31 December 2022 102,166 2,639 104,805
4 Charitable activities 2023 2022
£ £
Sales within charitable activities 502 768
Other income 1,799 256
2,301 1,024
5 Investments
Unrestricted Total
Funds
2023 2,022
£ £
Interest receivable 2,076 495
6 Raising Funds Unrestricted Total
Funds
2023 2,022
£ £
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 2023**_ **----- Start of picture text -----**
(continued)
7 Charitable activities 2023 2022
£ £
Staff costs 18,443 26,917
External Ministry Support 26,299 25,854
Hall & Room hire 3,928 7,744
Outreach 1,949 449
Social Fund 2,255 3,032
Youth Work 12,011 12,522
Children's Church 517 248
Worship Team 50 -
Training - 768
Refreshments & Communion 132 235
Flowers & Cards 399 590
DNA - -
FrontLine 2,869 2,614
PA Meeting & Equipment 508 249
Church Activities 873 780
Support costs 30,438 28,452
100,671 110,454
Share of governance costs (see note 8) 1,548 1,494
102,219 111,948
Analysis by fund
Unrestricted funds 99,223
Restricted funds 2,996
102,219
For the year ended 31 December 2022
Unrestricted funds 109,319
Restricted funds 2,629
111,948
**----- End of picture text -----**
## **LIFE CHURCH PETERSFIELD** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2023**_ **----- Start of picture text -----**
8 Support Costs
Support Governance 2023 2022
Costs Costs
£ £ £ £
Staff costs 14,457 14,457 13,717
Depreciation 414 414 414
Pension contributions 697 697 904
Rent 9,000 9,000 9,000
Insurance 857 857 941
Music Licences 793 793 730
Photocopier 979 979 735
Storage 882 882 739
Bank charges 238 238 198
General Expenses 2,121 2,121 1,074
Legal and professional 1,548 1,548 1,494
30,438 1,548 31,986 29,946
Analysed between
Fundraising 30,438 30,438 28,452
Charitable activities 1,548 1,548 1,494
30,438 1,548 31,986 29,946
**----- End of picture text -----**
Governance costs includes payments to the independent examiner of £ 708 ( 2023 - £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 2023**_ ## **10 Tangible fixed assets** |**Cost**
At 1st January 2023
Additions
At 31st December 2023
**Depreciation and impairment**
At 1st January 2023
Depreciation charge in the year
At 31st December 2023
Carrying amount
At 31st December 2023
At 31st December 2022
**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
36,562
292
36,854
1,463
1,755|Computers
£
1,882
1,882
1,515
122
1,637
245
367
**2023**
**£**
7,199
3,801
**2023**
**£**
10,494
952
11,446
**2,023**
**£**
2,093
1,708
3,801|Total
£
40,199
-
40,199
38,077
414
38,491
1,708
2,122
**2022**
**£**
8,600
2,230
**2022**
**£**
13,095
857
13,952
**2,022**
**£**
522
1,708
2,230| |---|---|---|---|