**Trustees’ Annual Report for the period 1[st] January 2024 to 31[st] December 2024 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.
The**Petersfield 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 Sunday – All Age Family**
**meeting:**Stewardship. Looking after ourselves,
caring for the body, physical, spiritual, mental
and moral. The body being the framework.
Example – the stomach and what we eat,
locally produced, healthy. Weaving around
biblical verses and talks from people from the
community and church related to topic. Also,
recycling & re-using, i.e. stewarding the
environment
***Whole church focus**on different 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. John Callaghan (Life Church
leader) is Chair of KA Trustees.
*
**U-Nite Youth Group;**funded by Life Church
and staffed by professional youth workers
where young people can explore the Christian
faith. Belinda Shaw, Chair of Life Church
Trustees, working as a regular volunteer with
**U-Nite**
***Annual Pioneer Leaders Conference**; Two
meeting attended during the year. Continuing with
online Safeguarding for some Leaders, Trustees
and Children’s workers.
***Children’s Craft Sundays:**These events for
children. Encouraging our children’s friends to take
part.
***Frontline Debt Advice**- which helped 33 clients in
2024 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’.| You may choose 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

|

Para 1.38|*
**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.
*
**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 Job Centre 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.
*
**Community Litter Picking;**Some members
of Life church have continued to work
alongside the ‘**Rubbish Collectors’**
Petersfield’s community group removing
litter from the roadsides, pavements and
carparks. The aim is to help people to
respect their environment. The group liaises
with East Hants County Council and Norse.
*
**IMC:** In May 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.| ## **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, including
the Food Bank, Home Start Butser and Frontline
(debt advice). On the wider front, we continue to
be members of Pioneer Network of churches,
the Evangelical Alliance and Petersfield Area
Churches Together (PACT).
The Charity and Church are supported from the
administration office. Admin produce a weekly news
sheet, ‘Grapevine’, and coordinate a diary of events.
The accounts for church are administered by the
administration team. The office supports the Trustees
and Leadership team, the Church website and other
administrative issues of the charity and the church,
plus signposting to other agencies and charities, etc.
**Speakers**:
We provide financial support, to 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 be 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.||| |---|---|---| |||**Pool Party;**In September 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 made
donations to the Persecuted Church and In Ministry to
Children (IMC) via public collections at events.| ## **Financial Review** |**inancial 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 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.| ## **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 held|N/A| |---|---| |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)** ~~ame~~ **Full name(s)** Belinda Bridgetta Cecelia Robert John Arnold Shaw Position (e.g. Secretary, Chair, etc.) **Chair Treasurer Date:** ~~es~~ 24[th] March 2025 ~~ee ee~~ **Charity Registration No. 1015031** ## **LIFE CHURCH PETERSFIELD** **ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 DECEMBER 2024** ## **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 Steet| ||Petersfield| ||Hampshire| ||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 2024. ## **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: 28th March 2025 ## **LIFE CHURCH PETERSFIELD** ## **STATEMENT OF FINANCIAL ACTIVITIES** ## **INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## **FOR THE YEAR ENDED 31 DECEMBER 2024** |**Notes**
**Income from:**
Donations and legacies
3
Charitable activities
4
Investments
5
**Total Income**
Expenditure on
Raising Funds
6
Charitable activities
7
Total Resources expended
Net income/(expenditure) for the year/
Net movement in funds
Fund balances at 01 January 2024
Fund balances at 31 December 2024|**Unrestricted**
**funds**
**2024**
**£**
102,712
2,180
2,611
107,503
101,311
101,311
6,192
79,646
85,838|**Restricted**
**funds**
**2024**
**£**
1,401
1,401
1,376
1,376
25
2,218
2,243|**Total**
**Total**
**2024**
**2023**
**£**
**£**
104,113
98,222
2,180
2,301
2,611
2,076
108,904
102,599
102,687
102,229
102,687
102,229
6,217
370
81,864
81,494
88,081
81,864| |---|---|---|---| 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 2024**_ |**Notes**
**Fixed Assets**
Tangible assets
10
**Current assets**
Debtors
12
Cash at bank and in hand
13
**Total assets less current liabilities**
**Income funds**
Restricted funds
Unrestricted funds
**Total charity funds**
**Creditors: Amounts falling**
**due within one year**|**£**
**£**
**£**
**£**
1,650
1,708
9,351
11,396
80,277
72,561
89,628
83,957
(3,197)
(3,801)
88,081
81,864
2,243
2,218
85,838
79,646
88,081
81,864
**2023**
**2024**|**£**
**£**
**£**
**£**
1,650
1,708
9,351
11,396
80,277
72,561
89,628
83,957
(3,197)
(3,801)
88,081
81,864
2,243
2,218
85,838
79,646
88,081
81,864
**2023**
**2024**| |---|---|---| |||81,864| |||2,218
79,646| |||81,864| The Financial statements were approved by the Trustees on 24th March 2025 ………………………………….. Ms B Shaw **Trustee** ## **LIFE CHURCH PETERSFIELD** ## **NOTES TO THE FINANCIAL STATEMENTS** ## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **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 2024**_ ## 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 2024**_ ## 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 2024**_ |3
4
**5**
**6**|**Donations and legacies**
Donations and gifts
Income tax reclaimed
**For the year ended 31 December 2023**
**Charitable activities**
Sales within charitable activities
Other income
**Investments**
Interest receivable
**Raising Funds**
Fundraising and publicity
Support costs|**Unrestricted**
**Funds**
**2024**
**£**
88,025
14,687
102,712
95,226|**Restricted**
**Funds**
**2024**
**£**
1,401
1,401
2,996|**Total**
**2024**
**£**
89,426
14,687
104,113
**2024**
**£**
488
1,692
2,180
**Unrestricted**
**Funds**
**2024**
**£**
2,611
**Unrestricted**
**Funds**
**2024**
**£**
0
0|**Total**
**2023**
**£**
85,642
12,580| |---|---|---|---|---|---| ||||||98,222| ||||||98,222| ||||||**2023**
**£**
502
1,799| ||||||2,301| ||||||**Total**
**2023**
**£**
2,076| ||||||**Total**
**2023**
**£**
0| ||||||0| 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 2024**_ |**7**
**Charitable activities**
Staff costs
External Ministry Support
Hall & Room hire
Outreach
Social Fund
Youth Work
Children's Church
Worship Team
Training
Refreshments & Communion
Flowers & Cards
DNA
FrontLine
PA Meeting & Equipment
Church Activities
Support costs
Share of governance costs (see note 8)
Analysis by fund
Unrestricted funds
Restricted funds
**For the year ended 31 December 2024**
Unrestricted funds
Restricted funds|**2024**
**£**
17,892
24,870
2,252
2,116
3,087
12,000
396
50
-
108
453
-
2,561
20
1,054
34,244
101,103
1,584
102,687
101,311
1,376
102,687|**(continued)**
**2023**
**£**
18,443
26,299
2,428
1,949
2,255
12,011
517
50
-
132
399
-
2,869
508
873
31,948
100,681
1,548| |---|---|---| |||102,229| |||99,233
2,996| |||102,229| ## **LIFE CHURCH PETERSFIELD** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **8 Support Costs** |**Support Costs**||||| |---|---|---|---|---| |Staff costs
Depreciation
Pension contributions
Rent
Refurbishment
Insurance
Music Licences
Photocopier
Storage
Bank charges
General Expenses
Legal and professional
Analysed between
Fundraising
Charitable activities|**Support**
**Costs**
**£**
13,946
257
690
10,105
3,653
952
593
927
816
244
2,061
34,244
34,244
34,244|**Governance**
**Costs**
**£**
1,584
1,584
1,584
1,584|**2024**
**£**
13,946
257
690
10,105
3,653
952
593
927
816
244
2,061
1,584
35,828
34,244
1,584
35,828|**2023**
**£**
14,456
414
697
10,500
0
857
793
979
882
238
2,132
1,548| |||||33,496| |||||31,948
1,548| |||||33,496| Governance costs includes payments to the independent examiner of £ 1,020 ( 2023 - £1,020 ) . ## **9 Trustees** None of the elected Trustees received any remuneration or benefits from the Life Church Petersfield during the year. IIOIIS TO ThE FIN4lJlCL4L sfATtMÉMTS ICOIfflIrtIID) 1st 2024 38317 4Q199 199 Al Jlii Det4ff*tr 2024 38J17 2.081 At Ix 9￿￿•ry 2024 W7 491 Al 3111 (l•wthf 1024 37.( 1,748 31￿ 2024 lJ17 33J 1.650 At ljt li)14 I￿3 24$ 1.71x1 $.SQD 7.199 3.197 3101 XZS Amothits withln year: Othti ¢etstvrJ 8,345 Credllorn arnownts lalllw due Wlthln QihLY Ci*tlii