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2025-12-31-accounts

Trustees’ Annual Report for the period 1[st] January 2025 to 31[st] December 2025 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 faithby 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 povertyand 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 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 regular 5thweek
meetings, weekly refreshments after the Services and
a joint Sunday lunch.
We continue to supportPACT(Petersfield Area
Churches Together) and its initiatives and welcomed
Canon J John at a special evangelistic meeting in
December 2025 at the Festival Hall in Petersfield.
ThePetersfield Town Chaplaincy– giving help,
encouragement and support to local shop keepers
and market stall holders.
The Remembrance ServiceandArmistice 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:Looking at the Parables and relating
them to our everyday lives, the community and
the work of related professionals in the area eg.
Working with Gambling Addiction with Suzanne
Irving, counsellor as speaker and a talk on
Restorative Justice with guest speaker Simon
Mason. There were also trips out to a local
farm, The Kings Arms youth Centre and
Hayling Island beach.
Whole church focuson 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 Petersfield
held three weekends of prayer for the town,
PACT and international needs. This was held in
the Methodist Church in February, June and
October with PACT members invited. Also,

*Annual Pioneer Leaders Conference ; One meeting attended during the year. Continuing with online Safeguarding for some Leaders, Trustees and Children’s workers. John Callaghan, Life Church leader, serves as Safeguarding officer.

Children’s Craft Sundays: These events for children, encouraging our children’s friends to take part.

*Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on ‘public
benefit’.		 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		 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 ‘TheRubbish Singers’
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 ourpoverty reliefwe give financial
support (particularly at Christmas) to various
individuals in the local community & the church.

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 and Frontline (debt advice), The
Kings Arms youth groups of Unite, Journey and
Waves. 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 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, plus signposting to other
agencies and charities, etc.
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 14 - 18:
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.
AndJourney 11 -14(as Unite) together with a PACT
initiative for young people.
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.
Visitsaway from church by the Children’s Church to
the Farm, The King’s Arms youth project and the
beach at Hayling.
Overseas:
Life Church Petersfield makes regular donations to
four members ofYWAM(Youth with a Mission) Fiona
Gifford from YWAM has been working with them for
more than 40 years and trains new missionaries
worldwide. Chris and Carol Hatton work with UK
based missionaries and Becky Frith, who regularly
leads our Sunday worship, is also supported in her
work with YWAM.
We supportIMC(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
Gift Aid Tax reference		 Life Church Centre
1 London House
Chapel Street
Petersfield,
Hampshire
GU32 3DR
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
Mrs GM Arnold Ex officio Leadership Team
Mrs L Jerome Membership at AGM
RD Parkes Secretary Membership at AGM
Ms B Shaw Chair Membership at AGM
Mrs P Collingwood Membership at AGM

Funds held as custodian trustees on behalf of others
Description of the assets held
in this capacity
Name and objects of the
charity on whose behalf the
assets are held and how this
falls within the custodian
charity’s objects
Details of arrangements for
safe custody and segregation
of such assets from the
charity’s own assets		 N/A
N/A
N/A

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the Charity’s trustees

Signature(s) Full name(s) Belinda Bridgetta Cecelia Robert John Arnold Shaw Position (e.g. Secretary, Chair, etc.) Chair Treasurer

Date: 30[th] March 2026

Charity Registration No. 1015031

LIFE CHURCH PETERSFIELD

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page 1

LIFE CHURCH PETERSFIELD

LEGAL AND ADMINISTRATIVE INFORMATION

TRUSTEES: Mrs GM Arnold Mr J Arnold Mr J Callaghan Ms P Collingwood Mrs L Jerome 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

Page 2

LIFE CHURCH PETERSFIELD

CONTENTS OF THE FINANCIAL STATEMENTS

Independent examiner's report

Statement of financial activities

Balance sheet

Notes to the Financial Statements

Page 3

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 2025.

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.

For and on behalf of TaxAssist Accountants

2 London Road

Purbrook Waterlooville, Hampshire PO7 5LJ

Dated: 30th March 2026

Page 4

LIFE CHURCH PETERSFIELD

STATEMENT OF FINANCIAL ACTIVITIES

INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR THE YEAR ENDED 31 DECEMBER 2025
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 2025
Fund balances at 31 December 2025		 Unrestricted
funds
2025
£
91,389
2,697
2,267
96,353
96,470
96,470
(117)
85,838
85,721		 Restricted
funds
2025
£
637
637
642
642
(5)
2,243
2,238		 Total
2025
£
92,026
2,697
2,267
96,990
97,112
97,112
(122)
88,081
87,959		 Total
2024
£
104,113
2,180
2,611
108,904
102,687
102,687
6,217
81,864
88,081

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

Page 5

LIFE CHURCH PETERSFIELD

BALANCE SHEET

AS AT 31 DECEMBER 2025

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		 £
£
1,435
7,658
80,482
88,140
(1,616)
87,959
2,238
85,721
87,959
2025		 £
£
1,650
9,351
80,277
89,628
(3,197)
88,081
2,243
85,838
88,081
2024		 £
£
1,650
9,351
80,277
89,628
(3,197)
88,081
2,243
85,838
88,081
2024
88,081
2,243
85,838
88,081

The Financial statements were approved by the Trustees on 30th March 2026

…………………………………..

Ms B Shaw Trustee

Page 6

LIFE CHURCH PETERSFIELD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

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.

Page 7

LIFE CHURCH PETERSFIELD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

(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.

Page 8

FOR THE YEAR ENDED 31 DECEMBER 2025

LIFE CHURCH PETERSFIELD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

(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.

Page 9

LIFE CHURCH PETERSFIELD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2025

3
4
5
6		 Donations and legacies
Donations and gifts
Income tax reclaimed
For the year ended 31 December 2024
Charitable activities
Sales within charitable activities
Other income
Investments
Interest receivable
Raising Funds
Fundraising and publicity
Support costs		 Unrestricted
Funds
2025
£
72,605
18,784
91,389
95,226		 Restricted
Funds
2025
£
637
637
2,996		 Total
2025
£
73,242
18,784
92,026
2025
£
554
2,143
2,697
Unrestricted
Funds
2025
£
2,267
Unrestricted
Funds
2025
£
0
0		 Total
2024
£
89,426
14,687
104,113
104,113
2024
£
488
1,692
2,180
Total
2024
£
2,611
Total
2024
£
0
0

The Trustees consider that these costs relate to charitable activities rather than raising funds.

Page 10

LIFE CHURCH PETERSFIELD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

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
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		 2025
£
18,403
22,632
2,524
2,250
2,048
12,175
349
-
40
163
501
2,739
377
1,263
30,701
96,165
947
97,112
96,470
642
97,112		 (continued)
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

Page 11

LIFE CHURCH PETERSFIELD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

8 Support Costs

Staff costs
Depreciation
Pension contributions
Rent
Heat & Light
Telephone & Broadband
Refurbishment
Insurance
Music Licences
Photocopier
Storage
Bank charges
General Expenses
Legal and professional
Analysed between
Fundraising
Charitable activities		 Support
Costs
£
14,466
215
705
9,730
891
609
0
1,006
627
872
744
246
591
30,701
30,701
30,701		 Governance
Costs
£
947
947
947
947		 2025
£
14,466
215
705
9,730
891
609
0
1,006
627
872
744
246
591
947
31,648
30,701
947
31,648		 2024
£
13,946
257.365
690
10,105
786
395
3,653
952
593
927
816
244
880
1,584
35,828
34,244
1,584
35,828

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.

Page 12

LIFE CHURCH PETERSFIELD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025

10 Tangible fixed assets

10
Tangible fixed assets
Cost
At 1st January 2025
Additions
At 31st December 2025
Depreciation and impairment
At 1st January 2025
Depreciation charge in the year
At 31st December 2025
Carrying amount
At 31st December 2025
At 1st January 2025
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
37,000
132
37,132
1,185
1,317		 Computers
£
2,081
-
2,081
1,748
83
1,831
250
333
2025
£
6,500
1,616
2025
£
6,595
1,063
7,658
2025
£
545
1,071
1,616		 Total
£
40,398
-
40,398
38,748
215
38,963
1,435
1,650
2024
£
7,199
3,801
2024
£
10,444
952
11,396
2024
£
2,093
1,708
3,801