THE FIELD HOUSE TRUST
TRUSTEE ANNUAL REPORT
FOR THE YEAR ENDED
31 MARCH 2024
Registered Charity Number: 1014024

THE FIELD HOUSE TRUST
CONTENTS
FOR THE YEAR ENDED 31 MARCH 2024
Page
Number
Trustee and Professional Advisors
Trustee Annual Report
Independent Examiner's Report to the Trustee
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
9-13

THE FIELD HOUSE TRUST
TRUSTEE AND PROFESSIONAL ADVISORS
FOR THE YEAR ENDED 31 MARCH 2024
CHARITY TRUSTEE
Somerset Council (formerly Somerset County Council)
IDirector of Adult Social Carel
CHARrrY REGISTRATION NUMBER
1014024
PIUNCIPAL ADDRESS
Somerset Council
County Hall
Taunton
Somerset
TAI 4DY
INDEPENDENT EXAMINER
F Westwood
Monahans
Suite B, Blackdown House
Blackbrook Park Avenue
Taunton
Somerset
TAI 2PX

THE FIELD HOUSE TRUST
TRUSTEE ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024
The trustee presents their report along with the financial statements for the year ended
31 March 2024. The financial statements have been prepared in accordance with the
accounting policies set out on pages 9 to 10 and comply with the charity's trust deed,
applicable law and Statement of Recommended Practice "Accounting and Reporting by
Charities" (Charities SORP FRS102),
CONSTITUTION AND OBJECTS
The Field House Trust is an unincorporated organisation constituted under a trust deed
dated l July 1996 and is a registered charity, number 1014024. The main asset of the
charity is the leasehold i nterest in Field House, Shepton Mallet, which was gifted as an
endowment to Somerset Council (formerly Somerset County Council) by Miss Berryman
on 5 November 1956. The principal objects of the charity are to apply the trust fund to
relieving elderly persons resident in Somerset, with preference for elderly persons
resident in Shepton Mallet and the neighbourhood thereof.
CHARITY TRUSTEE AND ORGANISATION
The trust has a single trustee, being Somerset Council, Decisions are made and policies
reviewed in trustee meetings. Somerset Council acts as the charity's bankers and
administrators.
OBJECTIVES AND ACTIVITIES
The objective of the trust is to benefit elderly people resident in Somerset with
preference for elderly persons resident in the Shepton Mallet area. To achieve this
objective, the trust has leased the Field Nouse Property to Somerset Care Ltd, a not-for-
profit care provider, who uses the property to provide residential care accommodation.
The trust also provides financial support to a range of activities promoted by the
voluntary sector within Somerset, directed at the health and well-being of the elderly
public at large within the County. The trust continues to try to identify suitable new
parties to support financially and ensu re that the trust's objectives are met in future.
The trust's funds cannot be used to substitute for Somerset Council funding in meeting
its responsibi l ities.
The trust confirms that it has referred to the Charity Commissions general guidance on
public benefit when reviewing the trust's objectives and activities and will continue to
do so in planning the trust's future activities and grant making policy. An annual fund
report details the grants made and activities undertaken. This is reviewed at the AGM
and attached to the Trustee Annual Report.

THE FIELD HOUSE TRUST
TRUSTEE ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024
ACHIEVEMENTS AND PERFORMANCE
Field House Care Home continues to deliver good quality care and is rated good in all
5 domains (including being Well-led; Caring and Safe) by the Care Quality Commission.
This provides a stable home to meet residential demand in Shepton Mallet and it is an
important part of the community, whilst also helping fund this trust.
Somerset Communit Foundation
SCF
Fieldhouse Trust Grant Pro
ramme
The Trusts grant programme (managed by Somerset Community Foundation) awarded
£37,815 to good causes in 23/24 and contributed £13,250 to Somerset Community
Foundation5 Somerset Fund programme,
Flow-Throu
h Fund
Opening balance 114/23
Field House Trust Contributions (22/23
and 23/24)
Grants Paid
Contribution to Somerset Fund
Closing balance 3113124
£88.169
£106,000
(£37,815)
(£13,250)
£143.104
As at 31st March 2024, there was £143,104 of unspent funding that will be carried
forward through the flow-through fund held by SCF into 2024/25.
2023
24 Grant Summa
Group
Project
Field House
Trust - Grant
Awarded {£)
12,640
Community Council for
Somerset
Dance 4 Parkinsons Wells
Older people's research project
Therapeutic dance activity for people living with
Parkinsons and other neurological conditions in
the Wells area
Venue hire and running costs for a lunch club
support group in Mendip
2,283
MHA Communities Mendip
5,000
MHA Communities South
Somerset & Mendip
District
Friendship clubs for older people in South
Somerset
5,000

THE FIELD HOUSE TRUST
TRUSTEE ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024
Museum To You CIC
Taking museum artefacts to care homes and
community settings in Mendip, providing
stimulation and reducing isolation
Core costs for supporting older people's
wellbeing
2,340
Shepton Mallet Men's
Shed
2,000
South Somerset
Community Accessible
Transport
Spark Somerset
Core costs for community accessible transport
services in South Somerset
3,000
Providing activities for cared for people whilst
their carers attend Carer Support Groups
Village Hall weekly hire costs for over 55's club
3,552
Wedmore Tuesday Club
2,000
TOTAL
37.815
FINANCIAL REVIEW
Income in 2023/24 comprised of financing income from the lease of Field House of
£53,279 and investment income of £5,274. Expenditure on providing services for older
people and other expenses was £55,090, creating a minimal surplus of £3,463 for the
year, which has increased the Charity's unrestricted reserve, which stood at £110,619 as
at 31 March 2024.
This level of unrestricted reserve exceeds the minimum level of £IOO,000 set by the
Trustee to ensure the Trusts financial stability moving forward and to help negate the
impact of reduced income or increasing costs in future years. To ensure on-going
compliance with the reserves policy, future fees paid to SCF for delivery of an annual
grants programme will be based on an estimate of the Trust's annual income.
Accounting records, financial matters and controls are reviewed annually at the AGM.
PLANS FOR FUTURE PEIUODS
The board is Satisfied that the arrangement with SCF continues to work and will make a
further allocation in 2024/25, As in previous years funding will be focused on large and
small grants to organisations that directly support older people in local communities
and in addition medium sized strategic grants to organisations/groups that ultimately
support older people will be considered, To encourage greater collaborative working,
SCF have also been asked to promote and prioritise, through their awards process,
collaborative arrangements.
The Trustees have agreed to suspend the allocation to SCF for 2024/25 at the Trusts
AGM in January 2025, to allow the unspent balance of £143,104 retained by SCF to be
allocated (£53,000 was awarded in 23/24).

THE FIELD HOUSE TRUST
TRUSTEE ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2024
Paul Coles (Strategic Manager - Adult Services)
On behalf of the Trustee
Date: 8 January 2025

THE FIELD HOUSE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024
I report to the charity trustee on my examination of the accounts of the charity for the
year ended 31 March 2024 which are set out on pages 7 to 13.
Responsibilities and basis of report
As the charity's trustee you are responsible for the preparation of the accounts in
accordance with the requirements of the Charities Act 2011 ("the Act").
I report in respect of my examination of the charity's accounts carried out under
section 145 of the Act and in carrying out my examination I have followed all the
applicable Directions given by the Charity Commission under section 145(5){b) of the
Act.
Inde
endent examiner's statement
I have completed my examination. I confirm that no material matters have come to my
attention in connection with the examination giving me cause to believe that in any
material respect:
Accounting records were not kept by the charity as required by section 130 of
the Act; or
The accounts do not accord with those records,. or
The accounts 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 accounts to be reached.
Signed..
Fiona Westwood FCA DChA
Monahans
Suite B, Blackdown House
Blackbrook Park Avenue
Taunton, Somerset
TAI 2PX
Date.. Ib JOAQ

THE FIELD HOUSE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024
2023124
2023124 2023124
Unrestrlcted Endowmnt
Total
Ineomè Fund
Fund
Funds.
2022123
2022123 2022123
Unrestrictèd Endowmmt Total.
Incomè Fund
Fund Funds
Nots
come And Endowments Fro
Flnanclro Activi￿09
Inv88lrngnt
53.279
.274
53,279
5,274
53,280
2.40g
0 $3,280
2rt09
Total Incom& and Endownonts
58.553
55,689
Expandlture on CKgrllabk8 Aclvluas
55,090
SS,090
54,800
Net Ir￿m￿l[Ex[￿Tr58s}
3,463
3,463
889
Net Alovementln Funds
3.463
3,463
889
Fund b&lance brought fonyard
l Aprll
107.146
412,877 520,023
106,247
412,886 ¥19,133
Transf8r BeiwBen Fundg
10
-10
Fund balance Garriedforward
31 March
110619
412 867 523 436
107 146
412 877 520 023
The Trust has no recognised gains or losses other than the surplu5 for the year. All
activities of the charity are claimed as ongoing, and therefore all the above amounts
relate to continuing activities.

THE FIELD HOUSE TRUST
BALANCE SHEET
FOR THE YEAR ENDED 31 MARCH 2024
Note
2023124
2022123
NON CURRENTASSETS
Long term Debtor
412,867
412,877
CURRENTASSETS
Investments
110,819
107,146
NETCURRENfASSETS
110,619
107,146
TOTAL ASSETS LESS CURRENTLIABILifES
523N86
520,023
NET ASSETS
523A86
520,023
FUNDS
Endomnenl Fund
Unrestrlcted IncoffE Fund
412,867
110,819
412,877
107,146
523,486
520,023
Approved by the Board of Trustee on,.
8th January 2025
And signed on its behalf by,,
Representative of the Trustee
The note5 on pages 9 to 13 form part of the accounts.

THE FIELD HOUSE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POUCIES
Basis of Pre
aration of Accounts
The Financial statement5 have been prepared in £ sterling on the historical cost
basis, except for leasehold property which has been included at the gross
investment value in the lease, and in accordance with 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 (FRS102) (effective l January 2019)
(Charities SORP (FRS 102)).
The charity has applied update bulletin l as published on 2 February 2016, and
update bulletin 2 as published on 5th October 2018 but does not include a cash
flow statement on the grounds that it is applying FRS102 Section IA.
The financial statements have been prepared to give a 'true and fair, view and
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 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) revised version issued on 28 March 2018 rather than
the Accounting and Reporting by Charities: Statement of Recommended Practice
effective from l April 2005 which has since been withdrawn,
The Charity meets the definition of a public benefit entity under FRS 102. Assets
and liabilitie5 are initially recognised at historical cost or transaction value unless
otherwise stated in the relevant accounting policy.
b)
Incomin
resources
All incoming resources are recognised once the Charity has entitlement to the
resources, it is probable that the resources will be received, ar)d the monetary
value of incoming resources can be measured with sufficient reliability,
Resources ex
ended
Expenditure is included on an accrual's basis. The allocation of expenses in the
Statement of Financial Activities is approved by the trustee. Costs directly
expended on the relief of qualifying elderly persons are included in Costs of
Activities in furtherance of the Charity's Objects. Governance comprises costs for
the running of the Charity itself as an organisation.

THE FIELD HOUSE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
d)
Debtors and creditors receivabSe
able within one
ear
Debtors and creditors with no stated interest rate and receivable or payable
within one year are recorded at transaction price, Any losses arising from
impairment are recognised in expenditure.
Fu nd Accountin
Details of the nature and purpose of each fund is set out in note 10.
Goin
Concern
The financial statements have been prepared on a going concern basis as the
trustee believes that no material uncertainties exist. The trustee has considered
the level of funds held and the expected level of income and expenditure for 12
months from authorising these financial statements. The budgeted income and
expenditure are suff icient with the level of reserves for the charity to be able to
continue as a going concern.
g)
Leases
Leases are classified as finance leases where the terms of the lease transfer
substantially all the risks and rewards incidental to ownership of the property,
plant or equipment from the lessor to the lessee. All other leases are classified as
operating leases.
Where a lease covers both land and buildings, the land and buildings elements
are considered separately for classification.
h)
Finance Leases- The Trust as a Lessor
Where the Trust grants a finance lease over its property, the relevant asset is
written out of the balance sheet and replaced by a lease (long-term debtor)
asset in the Balance Sheet.
Investments
All investments are held by Somerset County Council. The investments are
initially recognised on the Balance Sheet at fair value and are carried at their
amortised cost,
10

THE FIELD HOUSE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
INCOME FROM FINANCING ACTIVITIES
(Unrestrlcted) {Unrestricted)
2023124
2022123
Finance income re Somerset Care lease
53,279
53,280
53,279
53,280
INCOME FROM INVESTMENTS
(Unrestricted) (Unrestrlcted)
2023124
2022123
County Council Consolidated Loans Fund
5,274
2,409
5,274
2,409
EXPENDrruRE ON CHARITABLE ACTiillTIES
(Unrestricted) (Unrestricted}
2023124
2022123
Direct Costs:
Somerset Community Foundation
53,000
53,000
53,000
53,000
Support Costs (Note 5)
2,090
1,800
55,090
54,800

THE FIELD HOUSE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
SUPPORT COSTS
{Unrestrlcted) (Un restricted)
2023124
2022123
Governance Costs.,
Finance administrative charge
Independent examiner's fees
1,200
890
1,200
600
2,090
1,800
The finance administrative charge is based on salary hourly rates including
employer's National Insurance and pension costs but no other overheads. No
staff are employed by the Trust.
STATEMENT OF FUNDS
Transfer
BetW88n
Balance
Income 'ExpendItU￿ Funds 31.03.2024
Balance
31.03.2023
Unrestricted Fund
Endowment Fund
107,146
412,877
520 023
58,553
-55,090
10
-fjo
110,619
412,867
523.486
58.553
-55,090
NON-CURRENT ASSETS
2023124 2022123
Long-term Debtor - as at 1 st Apr
Principal Received in year
412,877 412,886
-10
As at 31st March
412,867 412,877
Somerset Care lease - Field House She
ton MalSet Somerset.
The Trust has leased out the Field House property to Somerset Care on a finance
lease with a remaining term of 77 years. Under FRS102, this agreement
constitutes a finance lease arrangement and as such is disclosed as a long-term
debtor for the Trusts gross investment in the lease (made up of the minimum
12

THE FIELD HOUSE TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
lease payments expected to be received over the remaining lease term a nd the
residual value anticipated for the property when the lease comes to an end),
The Debtor produces interest recéipts from the loan relationship.
CURRENT ASSETS- INVESTMENTS
2023124 2022123
Un
uoted investments:
Sorr￿rS81 CounGiI Consolidated Loans Fund
110,619 107,146
RELATED PARTIES
Somerset Council, the Charity's Trustee, acts as the Charity's banker and
administrator. The Council charged an administration charge of £1,200 during
2023/24 (2022/23. £1,200) to the Charity and paid the Charity interest on the
Consolidated Loans Fund balance of £5,274 (2022/23: £2,409).
10. FUNDS
Unrestricted income funds comprise those funds which the trustee is free to use
in accordance with the charitable objects.
The endowment fund represents assets which must be held permanently by the
Charity.
11. NET ASSETS BETWEEN FUNDS
Unrestricted Endowment
Fund
Fund
Total
Non-current Assets
Current Assets
412,867 412,867
0 110,619
412,867 523,486
110,619
110,619
13