THE FIELD HOUSE TRUST
TRUSTEE ANNUAL REPORT
FOR THE YEAR ENDED
31 MARCH 2025
Registered Charity Number: 1014024
THE FIELD HOUSE TRUST CONTENTS FOR THE YEAR ENDED 31 MARCH 2025
| Page | |
|---|---|
| Number | |
| Trustee and Professional Advisors | 1 |
| Trustee Annual Report | 2-5 |
| Independent Examiner’s Report to the Trustee | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9-13 |
THE FIELD HOUSE TRUST
TRUSTEE AND PROFESSIONAL ADVISORS FOR THE YEAR ENDED 31 MARCH 2025
CHARITY TRUSTEE
Somerset Council (formerly Somerset County Council) [Director of Adult Social Care]
CHARITY REGISTRATION NUMBER
1014024
PRINCIPAL ADDRESS
INDEPENDENT EXAMINER
Somerset Council County Hall Taunton Somerset TA1 4DY F Westwood Monahans Suite B, Blackdown House Blackbrook Park Avenue Taunton Somerset TA1 2PX
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THE FIELD HOUSE TRUST
TRUSTEE ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025
The trustee presents their report along with the financial statements for the year ended 31 March 2025. 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 1 July 1996 and is a registered charity, number 1014024. The main asset of the charity is the leasehold interest 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 House Property to Somerset Care Ltd, a not-forprofit 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 ensure 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 responsibilities.
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.
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THE FIELD HOUSE TRUST
TRUSTEE ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025
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 Community Foundation (SCF) Fieldhouse Trust Grant Programme
The Trusts grant programme (managed by Somerset Community Foundation) awarded £50,209 to good causes in 24/25.
Flow-Through Fund
| Opening balance 1/4/24 | £143,104 |
|---|---|
| Grants Paid | (£50,209) |
| Closing balance 31/3/25 | £92,895 |
As at 31 March 2025, there was £92,895 of unspent funding that will be carried forward through the flow-through fund held by SCF into 2025/26.
2024/25 Grant Summary:
| Group | Project | Field House Trust - Grant Awarded (£) |
|---|---|---|
| Frome and District Day Centre |
Core running costs of a day centre for older people |
4,000 |
| Good Fellowship Club | Community bus transport costs for older people withpoor mobilityto access the club |
5,000 |
| Henhayes Centre | Contribution towards core costs of running a centre supporting isolated older people in Crewkerne |
4,000 |
| Hinton St George Active LivingGroup |
Village hall hire costs to host coffee mornings | 1,000 |
| MHA Communities Mendip | Singing, exercise and digital skills groups for older isolated people from the Shepton Mallet area |
4,000 |
| MHA Communities South Somerset |
Twice weekly events and trips for an older people's socialgroupin Wincanton |
4,728 |
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THE FIELD HOUSE TRUST
TRUSTEE ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025
| Museum To You CIC | Bringing museum artefacts and social history to care home residents and people with learning disabilities across Mendip |
2,880 |
|---|---|---|
| Shepton Mallet Town Council |
Funding to help establish a new community volunteer car transport scheme in the town |
5,000 |
| Sounds Joyful CIC | Music sessions for those with dementia and other disadvantagedpeople in Glastonbury |
4,851 |
| South Somerset Community Accessible Transport |
Contribution towards core costs of running a community transport service |
5,000 |
| The Friendship Circle of Langford Budville and Runnington and local area. |
Tackling social isolation amongst local older people by providing organised trips out |
1,000 |
| Trudoxhill Village Hall | Providing community lunches for older people in a rural community |
750 |
| Wivey Cares | Core costs for running Wivey Cares services for people with care needs |
5,000 |
| Yeovil Shopmobility | Contribution towards core costs of running a mobilityhire service |
3,000 |
| TOTAL | 50,209 |
FINANCIAL REVIEW
Income in 2024/25 comprised of financing income from the lease of Field House of £53,278 and investment income of £5,461. The Trusts contribution to its Grant Programme for 2024/25 was temporarily suspended, whilst the existing flow-through fund (details above) were utilised. Expenditure on Trust related expenses was therefore limited to support costs of £2,064, creating a surplus of £56,675 for the year, which has increased the Charity's unrestricted reserve, which stood at £167,305 as at 31 March 2025.
This level of unrestricted reserve exceeds the minimum level of £100,000 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 PERIODS
The board is satisfied that the arrangement with SCF continues to work and will make a further allocation in 2025/26. As in previous years funding will be focused on large and
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THE FIELD HOUSE TRUST
TRUSTEE ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025
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 total allocation for 2025/26, approved at the Trusts AGM on 7 January 2026, was £53,000 (£nil in 24/25).
Paul Coles (Strategic Manager – Adult Services)
On behalf of the Trustee
Date: 7 January 2026
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THE FIELD HOUSE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
I report to the charity trustee on my examination of the accounts of the charity for the year ended 31 March 2025 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.
Independent 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 TA1 2PX
13 November 2025
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THE FIELD HOUSE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
Date: 7 January 2026
----- Start of picture text -----
2024/25 2024/25 2024/25 2023/24 2023/24 2023/24
Unrestricted Endowment Total Unrestricted Endowment Total
Income Fund Fund Funds Income Fund Fund Funds
Note
Income And Endowments From £ £ £
Financing Activities 2 53,278 0 53,278 53,279 0 53,279
Investments 3 5,461 0 5,461 5,274 0 5,274
Total Income and Endowments 58,739 0 58,739 58,553 0 58,553
Expenditure on Charitable Activities 4 2,064 0 2,064 55,090 0 55,090
Net Income/(Expenses) 6 56,675 0 56,675 3,463 0 3,463
Net Movement in Funds 56,675 0 56,675 3,463 0 3,463
Fund balance brought forward 110,619 412,867 523,486 107,146 412,877 520,023
1 April
Transfer Between Funds 11 -11 0 10 -10 0
Fund balance carried forward 167,305 412,856 580,161 110,619 412,867 523,486
31 March
----- End of picture text -----
The Trust has no recognised gains or losses other than the surplus for the year. All activities of the charity are claimed as ongoing, and therefore all the above amounts relate to continuing activities.
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THE FIELD HOUSE TRUST
BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2025
| Note NON CURRENT ASSETS Long term Debtor 7 |
2024/25 2023/24 £ £ 412,856 412,867 |
|---|---|
| CURRENT ASSETS Investments 8 |
167,305 110,619 |
| NET CURRENT ASSETS | 167,305 110,619 |
| TOTAL ASSETS LESS CURRENT LIABILITIES | 580,161 523,486 |
| NET ASSETS | 580,161 523,486 |
| FUNDS Endowment Fund Unrestricted Income Fund |
412,856 412,867 167,305 110,619 |
| 580,161 523,486 |
Approved by the Board of Trustee on:
7 January 2026
And signed on its behalf by:
Representative of the Trustee
The notes on pages 9 to 13 form part of the accounts.
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
THE FIELD HOUSE TRUST
1. ACCOUNTING POLICIES
a) Basis of Preparation of Accounts
The Financial statements 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 1 January 2019) – (Charities SORP (FRS 102)).
The charity has applied update bulletin 1 as published on 2 February 2016, and update bulletin 2 as published on 5[th] October 2018 but does not include a cash flow statement on the grounds that it is applying FRS102 Section 1A.
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 1 April 2005 which has since been withdrawn.
The Charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
b) Incoming resources
All incoming resources are recognised once the Charity has entitlement to the resources, it is probable that the resources will be received, and the monetary value of incoming resources can be measured with sufficient reliability.
c)
Resources expended
- 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.
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THE FIELD HOUSE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
d) Debtors and creditors receivable / payable within one year
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.
e) Fund Accounting
Details of the nature and purpose of each fund is set out in note 10.
f) Going 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 sufficient 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.
i) 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.
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
THE FIELD HOUSE TRUST
2. INCOME FROM FINANCING ACTIVITIES
----- Start of picture text -----
(Unrestricted) (Unrestricted)
2024/25 2023/24
£ £
Finance income re Somerset Care lease 53,278 53,279
53,278 53,279
----- End of picture text -----
3. INCOME FROM INVESTMENTS
----- Start of picture text -----
(Unrestricted) (Unrestricted)
2024/25 2023/24
£ £
County Council Consolidated Loans Fund 5,461 5,274
5,461 5,274
EXPENDITURE ON CHARITABLE ACTIVITIES
(Unrestricted) (Unrestricted)
2024/25 2023/24
£ £
Direct Costs:
Somerset Community Foundation 0 53,000
0 53,000
Support Costs (Note 5) 2,064 2,090
2,064 55,090
----- End of picture text -----
4. EXPENDITURE ON CHARITABLE ACTIVITIES
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
THE FIELD HOUSE TRUST
5. SUPPORT COSTS
| Governance Costs: Finance administrative charge Independent examiner's fees |
(Unrestricted) (Unrestricted) 2024/25 2023/24 £ £ 1,200 1,200 864 890 2,064 2,090 |
|
|---|---|---|
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.
6. STATEMENT OF FUNDS
| Unrestricted Fund Endowment Fund |
Balance 31.03.2024 Income 'Expenditure Transfer Between Funds Balance 31.03.2025 £ £ £ £ £ 110,619 58,739 -2,064 11 167,305 412,867 0 0 -11 412,856 523,486 58,739 -2,064 0 580,161 |
|---|---|
7. NON-CURRENT ASSETS
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2024/25 2023/24
£ £
Long-term Debtor - as at 1st Apr 412,867 412,877
Principal Received in year -11 -10
As at 31 March 412,856 412,867
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
THE FIELD HOUSE TRUST
- Somerset Care lease Field House, Shepton Mallet, Somerset.
The Trust has leased out the Field House property to Somerset Care on a finance lease with a remaining term of 76 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 lease payments expected to be received over the remaining lease term and the residual value anticipated for the property when the lease comes to an end).
The Debtor produces interest receipts from the loan relationship.
8. CURRENT ASSETS – INVESTMENTS
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2024/25 2023/24
£ £
Unquoted investments:
Somerset Council Consolidated Loans Fund 167,305 110,619
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9.
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 2024/25 (2023/24: £1,200) to the Charity and paid the Charity interest on the Consolidated Loans Fund balance of £5,461 (2023/24: £5,274).
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 | Total | |
|---|---|---|---|
| Fund | Fund | ||
| £ | £ | £ | |
| Non-Current Assets | 0 | 412,856 | 412,856 |
| Current Assets | 167,305 | 0 | 167,305 |
| 167,305 | **412,856 ** | 580,161 |
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