OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2020-08-31-accounts

FIELDS CHURCH LTD

Report and Accounts Year ended 31st August 2020

1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk

FIELDS CHURCH LTD

FOR THE YEAR ENDED 31 AUGUST 2020

COMPANY INFORMATION

Directors / trustees

George Abraham Kymmene Barnes (appointed December 2018) Andrew Gaught Richard Smith

Daniel Tree (resigned February 2021)

Company Secretary

Daniel Tree (resigned February 2021)

Key staff

Richard Smith (Pastor)

Governing Document

Memorandum and Articles of Association dated 2000, amended 2017

Company Registration Number

4002211

Charity Registration Number

1082134

Registered Office

211 Humber Doucy Lane Ipswich Suffolk IP4 3PE

Independent Examiner

Lisa Darby ACA Stewardship 1 Lamb's Passage London EC1Y 8AB

Bankers

The Co-Operative Bank plc

Contents Page
Company Information 1
Trustees' Annual Report 2 - 8
Independent Examiner's Report 9
Statement of Financial Activities 10
Balance Sheet 11
Notes to the Accounts 12 - 18
Detailed Statement of Financial Activities with Comparatives 19

Page 1

FIELDS CHURCH LTD

TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 AUGUST 2020

The trustees, who are the charity's directors for the purposes of company law, have pleasure in submitting the Report and Accounts for the year.

Objects of the charity

The advancement of the Christian faith in Suffolk, East Anglia, and beyond; and to relieve persons who are in conditions of need or hardship wherever it is found, demonstrating Christ's love to all we encounter, as outlined in our Memorandum and Articles of Association.

Structure, Governance and Management

The Spiritual oversight of the church is administered by one full time paid Senior Pastor (Richard Smith) and his wife (Esther Smith).

We have a wider leadership team consisting of 5 other volunteers, who meet on a monthly basis (or more regularly if required) to discuss and agree the direction and future of the church. This helps promote greater transparency and openness to the wider church and helps avoid any conflicts of interest due to a majority vote decision system being utilised.

The policy and operating decisions of the charity rest with Trustees who meet five times (4 regular meetings and 1 budget meeting) a year to monitor the activities and finances of the Company.

New Directors are recruited and appointed by a majority of existing Directors as /when necessary.

Vision

The Vision of the Church is: Heart for God, Heart for People.

Our Mission is: To demonstrate God's love to people, drawing them in and growing them up in their faith. This is applicable to people within and external to Fields Church.

Objectives

Taking this more practically our Vision is split down in to five headings which are subsequently split into short and long term.

Our short term vision is to have Community Champions and have Space for Growth. Our Long term vision is to become a global creative influence, provide a full range of wholeness and pastoral care services and find a home for good, all of which we are slowly but surely progressing towards our church vision and goals.

Page 2

FIELDS CHURCH LTD

TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 AUGUST 2020

Review of Activities

In planning the activities, the Directors have had regard to the guidance on public benefit issued by the Charity Commission. We also review the activities we undertake and look at whether they fulfil the objectives set within our Memorandum and Articles of Association on a regular basis as we never want to do things out of habit if there are more substantial needs elsewhere.

Fields Church runs weekly church services and Connect Groups (small group meetings), monthly prayer meetings known as Encounter, a monthly men’s group (VALOUR) and a monthly ladies group (Kaleidescope). Activities alongside the key church and community events/activities listed below.

Bigger Picture (Community Champions)

We have continued with our pop up Cinema in the school we use for our Sunday worship services, inviting the community along and showing 2 films. This changed in 2019 to only showing 1 film in the afternoon due to the evening films not being as well attended. A small charge is made to help with the cost of the films etc. (popcorn, cold drinks, tea and coffee are given away free). Prior to the COVID pandemic, the attendance has averaged between 60-80 people from our local community with a number of regular faces returning each time.

The primary aim of the events is to develop and build relationships within our local community, and invite them to church services.

Wonder

We started to run a worship Event called Wonder back in 2018, and it was so popular we ran another 2 events in November 2019 and February 2020 attracting over 200 people for both events. This was a free event open to all, which included people from other churches across Ipswich and beyond. People invited their friends both Christian and non Christian, the idea is to build relationships with others from differing communities. We invited a guest speaker who gave a short message opening and closing with Popular Christian songs. We ran a café with hot chocolate homemade biscuits cakes, and fellowship afterwards.

Page 3

FIELDS CHURCH LTD

TRUSTEES' ANNUAL REPORT

(INCORPORATING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 AUGUST 2020

Petrol Heads

We continued with our Petrol Heads ministry where like minded people get together to talk about anything mechanical, engines, tractors, welding etc. this is open to anyone inside our outside of the church for people of all ages. Similar to last year this has involved curry nights, get together at the pub and even museum tours. This ministry has continued really well and generally always sees a lot more work colleagues and/or friends attend as opposed to just Church family etc.

Alpha Course

Following the success of this activity last year we ran another Alpha course in September. This runs for 12 weeks meeting at the Kesgrave Community bowls club which we hire for the duration of the course. This course is free and open to anyone wanting to know more about the Christian Faith in a comfortable non-judgmental environment. The evening consists of enjoying a freshly cooked meal together, watching some teaching material and then discussing thoughts upon the topics that have arisen. We had quite a number of people attend our second event, all of which saw out the course. The increase in numbers was predominantly due to encouraging the church to invite their "one mores" to attend and learn more about what it means to be a Christian.

Pop up coffee morning (Community Champions)

We have continued with the donation based, volunteer run, pop up coffee morning at the school where we hold our Sunday services. We invite the parents of the children who attend the school, the teachers and the local community to enjoy coffee and cake. They can chat in an informal setting, as

Christmas Events

We support a Local charity financially, called Families in Need who have run a food bank in Ipswich for the last 25 years to help those in great need. Each year we collect boxes of chocolates which our members donate to help with the needs of families over Christmas to give them a treat. Our members also donated gifts for the children of these families, which we’ve done for a number of years. A winter café with hot chocolate biscuits and cakes, was set up, a guest gave a festive message and free gifts for any children that attended. This continues to be one of our largest and best attended events that we do as a church. We also started a Christmas one day holiday club where the aim was to look after children for the day enabling parents to do their Christmas shopping unhindered. We were pleased with the way this event tuned out with just under 30 children attending, bearing in mind this was our first attempt at this event. These are completely free events and costs are covered by the church.

We believe in engaging with our local community through various activitie.s not just at a spiritual level, but also a social level, as this helps us to develop deeper relationships in our community.

Page 4

FIELDS CHURCH LTD

TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 AUGUST 2020

Moving into the New Year 2020

Marriage Course

We ran a marriage course at the start of the year for 2 couples that had planned to get married, and our Pastor officiated at one of the weddings. This is something we offer to any members of our church free of charge.

Covid - 19 Pandemic

Unbeknown to any of us Covid would play a big part in the rest of our year, disrupting the many activities we had planned in our annual church calendar.

In spite of this we have seen a steady increase in our church attendance over the past year culminating in a 40% increase of people coming to church. We realized we were growing so fast the venue we were in was too small for our needs, so we approached the local High School to see if we could run our services there, and they agreed, but because of Covid we haven’t been able to as yet.

We then had lockdown and couldn’t gather as normal and therefore held our last service in the school on March 15th 2020. We then decided as the leadership to record our messages and show them on a Sunday morning and we continued to do this for the rest of the year.

Despite the restrictions faced we continued to do some of the things we had done in the past, as and when we felt it was safe to do so, while establishing social distancing. This helped us to continue to meet the charity's aims and objectives, helping us to meet the spiritual and social needs within our community, while growing the church both in size and experience.

In summary it has been another very good year at Fields church and we are looking forward to continuing this in the years ahead.

Mother’s Day Give (Community Champions)

Our Pastor and his wife bought gifts for all the mums in the church, and the mums we were building relationships within the community. The gifts were personally delivered to each household taking into account COVID guidance.

To bless the mums who came with their children to the school a couple of our ladies also delivered Chocolates, on the following weekday after Mother's Day, at Cedarwood school (the venue for our services).

Page 5

TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)

FIELDS CHURCH LTD

FOR THE YEAR ENDED 31 AUGUST 2020

Fathers day

On Fathers day our Pastors bought gifts and delivered them to all the Dad’s in the church, and the fathers outside the church who we had built friendships with.

Children’s Ministry

As we couldn’t meet together our children's workers posted activities to our school age children, and then would host a Zoom meeting for these children while offering the opportunity for them to share about the work they had done.

Youth Ministry

Our youth workers continued to meet once a week, with the youth in the church, via Zoom to hold bible studies, games and discussions.

Financial Review

The income we receive is provided by the generous giving of our church family, which we are extremely grateful for. This is also supplemented by claiming Gift Aid based our charity status.

Our income this year has grown to £108,025 (2019: £82,224) with expenditure at £92,742 (2019: £79,711) leaving a surplus of £15,283 (2019: £2,513) which will be reflected in this years accounts

In summary it has been another very good year at Fields church and we are looking forward to continuing this in the years ahead.

The Trustees meet to set budgets and allocate funds for various activities ahead of the start of our financial year. As well as meeting to set the budgets , we also meet quarterly to further monitor, and amend if necessary, our projected income and expenditure along with discussing any other governance, staffing etc. issues that may have arisen.

Reserves Policy

The Board of Trustees has established a policy whereby the main objective for the high reserve account of Fields Church is to hold 25% of the budgeted unrestricted income for each financial year. This equated to £23,335 for this year. This is done to, if necessary, supplement a fluctuating income that is provided by the giving of the church family. This is continually reviewed and checked/discussed within trustees meetings. At the end of the year the charity held unrestricted general fund cash reserves of £42,862 and as such the charity is complying with its reserves policy. The Trustees are comfortable with this elevated level of reserves in light of the unknown future impact of the COVID pandemic.

Page 6

FIELDS CHURCH LTD

TRUSTEES' ANNUAL REPORT

(INCORPORATING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 AUGUST 2020

Risk Statement

The Directors continually review the risks to which a small charity operating with few employees is exposed. Appropriate procedures are in place to identify, monitor and review these risks on a regular basis.

In March 2020 the charity took steps (in line with government advice) to help contain the outbreak of COVID-19. This included the temporary suspension of all physical gatherings and the charity has had to curtail, or change, how it operates; the charity has been able to continue some of its activities using on-line media. We have been fortunate to hold some gatherings at one of our members farms as we have been allowed following government guidelines, observing all covid protocols and in consultation with the Evangelical alliance who have given guidance. We have also observed the strict use of masks, PPE, Temperature checks, hand sanitiser, limiting numbers in accordance with GOV.UK regulations. The trustees are monitoring income and expenditure and, if it becomes necessary, will take measures to mitigate the impact of COVID-19 on the charity’s free reserves.

Directors' Responsibilities

The trustees are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements, the trustees are required to:

  1. select suitable accounting policies and apply them consistently;

  2. observe the methods and principles in the Charities SORP;

  3. make judgements and estimates that are reasonable and prudent;

  4. state whether the applicable accounting standards have been followed, subject to any material

departures disclosed and explained in the financial statements; and

  1. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.

Page 7

FIELDS CHURCH LTD

TRUSTEES' ANNUAL REPORT

(INCORPORATING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 AUGUST 2020

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approval

This report, which has been prepared in accordance with the provisions of the Companies Act 2006 relating to small companies, was approved by the trustees and signed on their behalf by:

Richard Smith

Date: 13 May 2021

Page 8

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

FIELDS CHURCH LTD ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2020 on pages 10 to 19 following, which have been prepared on the basis of the accounting policies set out on page 12.

Responsibilities and basis of report

As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

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:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

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.

Lisa Darby ACA

18 May 2021

For and on behalf of: Stewardship 1 Lamb's Passage London EC1Y 8AB

Page 9

FIELDS CHURCH LTD

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 AUGUST 2020

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Investments
5
Total income and endowments
EXPENDITURE ON:
Charitable activities:
6
Total expenditure
Net income/(expenditure)
Transfers between funds
12
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
12		 Unrestricted
Funds
£
93,171
61
107
93,339
75,845
75,845
17,494
(1,272)
16,222
47,032
63,254		 Restricted
Funds
£
14,686
-
-
14,686
16,897
16,897
(2,211)
1,272
(939)
2,166
1,227		 Total
Funds
2020
£
107,857
61
107
108,025
92,742
92,742
15,283
-
15,283
49,197
64,481		 Total
Funds
2019
£
81,510
582
132
82,224
79,711
79,711
2,513
-
2,513
46,685
49,198

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

All income and expenditure derive from continuing operations.

The statement of financial activities also complies with the requirements for an income and expenditure account required by the Companies Act 2006.

The notes on pages 12 - 18 form part of these accounts.

Page 10

FIELDS CHURCH LTD

BALANCE SHEET

FOR THE YEAR ENDED 31 AUGUST 2020

Note
FIXED ASSETS
Tangible assets
8
CURRENT ASSETS
Debtors
9
Cash at bank and in hand
10
CREDITORS:Amounts falling
due within one year
11
Net current assets / (liabilities)
Total assets less current liabilities
Net assets / (liabilities)
TOTAL NET ASSETS
FUND BALANCES
12
Unrestricted Funds
General funds
Designated funds
Restricted Funds		 Unrestricted
Funds
£
8,209
8,209
2,437
54,239
56,676
1,631
55,045
63,254
63,254
63,254
51,877
11,377
63,254
-
63,254		 Restricted
Funds
£
-
-
-
1,227
1,227
-
1,227
1,227
1,227
1,227
-
-
-
1,227
1,227		 Total funds
2020
£
8,209
8,209
2,437
55,466
57,904
1,631
56,272
64,481
64,481
64,481
51,877
11,377
63,254
1,227
64,481		 Total funds
2019
£
10,514
10,514
3,694
40,508
44,202
5,518
38,684
49,198
49,198
49,198
34,217
12,815
47,032
2,166
49,198

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2020 in accordance with Section 476 of the Companies Act 2006 however, in accordance with Section 145 of the Charities Act 2011, the accounts have been examined by an independent examiner and their report has been included in these financial statements. The directors (who are the charitable company's trustees for the purposes of charity law) acknowledge their responsibilities for:

The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors and were signed on its behalf by:

Richard Smith

DATE: 13 May 2021

The notes on pages 12 - 18 form part of these accounts.

Company number: 4002211

Charity number: 1082134

Page 11

FIELDS CHURCH LTD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2020

1 Statutory Information

The charity is a charitable company limited by guarantee and is incorporated in the United Kingdom. The company's registered number and registered office address can be found on the Company Information page.

2 Accounting Policies

These financial statements are prepared on a going concern basis, under the historical cost convention.

These financial statements have been prepared in accordance with the "Statement of Recommended Practice: 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) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102"), with the Companies Act 2006 and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The principles adopted in the preparation of the financial statements are set out below.

The trustees (who are the charitable company's directors for the purposes of company law) have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements. In making this assessment the trustees have considered the impact of Covid-19 and have concluded that its impact on net income will not be material.

b) Income Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

Income from donations and legacies includes:

Income from charitable activities represents income receivable from goods, services and facilities supplied in furtherance of the charity's charitable objects. It includes income from church retreats and other events and courses.

c) Expenditure Expenditure, including irrecoverable VAT, is recognised when it is incurred or, if earlier, when a legal or constructive obligation for a payment arises provided that it is probable that settlement will be required and the amount of the obligation can be measured reliably.

The charity makes grants to other institutions and individuals to further its charitable objectives. Grants payable are recognised as constructive obligations arise, which is generally when the charity expresses a commitment to the recipient that can be measured reliably and then only to the extent that any conditions associated with the grant are outside of the control of the charity.

Governance costs, which are included in expenditure on charitable activities but are identified separately in the notes to the accounts, includes costs associated with the independent examination of the financial statements, compliance with constitutional and statutory requirements and any other expenditure incurred on the strategic management of the charity.

d) Fund accounting General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.

Page 12

FIELDS CHURCH LTD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2020

e) Tangible fixed assets

Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated items, is more than £1,500 and the item is expected to benefit the charity over more than one accounting period. Depreciation is charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected useful economic life. To achieve this objective the following rates of depreciation are charged:

Equipment Over 5 years Furniture Over 5 years

The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate that the carrying value may not be recoverable.

f) Pension scheme arrangements

The charity does not operate defined contribution pension schemes for its employees as the relevant employees have opted out of such schemes.

g) Taxation

The company is a registered charity; it has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.

h) Financial instruments

The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Except for loans, creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive).

i) Exemption from preparing a cashflow statement

The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.

j) Critical accounting estimates and areas of judgement

The trustees do not consider that there any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period.

3
Donations and legacies
Donations of cash and similar
Missions
Income tax recoverable		 Unrestricted
Funds
£
76,903
-
16,268
93,171		 Restricted
Funds
£
-
13,459
1,226
14,686		 Total
2020
£
76,903
13,459
17,495
107,857		 Total
2019
£
63,369
2,963
15,178
81,510

4 Income from charitable activities

Church retreats and events
Youth and children's work
Investment income
Bank interest		 Unrestricted
Funds
£
61
-
61
Unrestricted
Funds
£
107
107		 Restricted
Funds
£
-
-
-
Restricted
Funds
£
-
-		 Total
2020
£
61
-
61
Total
2020
£
107
107		 Total
2019
£
527
55
582
Total
2019
£
132
132

5 Investment income

Page 13

FIELDS CHURCH LTD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2020

6 Charitable expenditure

a
Costs incurred directly on specific activities
Employment costs
Note 7
Staff expenses
Grants payable
Note 6c
Hire of halls
Equipment & maintenance
Conferences and events
Guest speakers
Children and Youth
Staff Training and Development
Subscriptions & Fees (incl. Software)
Worship
Hospitality
Outreach & evangelism
Books & audio
b
Costs incurred on support & administration
Governance costs
Cost of independent examination
Bookkeeping & payroll
Office costs
Depreciation of tangible fixed assets
Insurance
Telephone & internet
Bank charges
Total expenditure		 Unrestricted
Funds
£
39,232
1,812
11,738
4,400
2,360
1,735
150
770
-
3,204
200
1,445
2,067
151
69,265
1,523
1,523
630
741
2,306
681
319
380
5,058
75,845		 Restricted
Funds
£
-
-
15,956
-
-
-
-
-
-
-
568
374
-
-
16,897
-
-
-
-
-
-
-
16,897		 Total
2020
£
39,232
1,812
27,693
4,400
2,360
1,735
150
770
-
3,204
768
1,819
2,067
151
86,162
1,523
1,523
630
741
2,306
681
319
380
5,058
92,742		 Total
2019
£
37,645
1,284
12,562
6,557
2,975
2,411
645
1,536
1,489
3,377
18
1,666
2,132
192
74,489
1,203
1,203
616
1,570
1,015
689
82
47
4,019
79,711

In addition to the fees payable for the preparation and examination of the accounts, the charity paid £630.45 (2019: £538) to Stewardship for payroll bureau and consultancy services.

c
Grants payable
Christian Family Church, Swaziland [Overseas mission]
FIND (Families in Need) [Relief of poverty]
CYM (Christian Youth Ministries Ipswich) [UK mission]
Talitha Koum [UK mission]
Shalom India Ministries [Overseas mission]
Individuals and other grants less than £1,000
The comparatives for the previous year are as follows:
Christian Family Church, Swaziland [Overseas mission]
FIND (Families in Need) [Relief of poverty]
CYM (Christian Youth Ministries Ipswich) [UK mission]
Talitha Koum [UK mission]
Shalom India Ministries [Overseas mission]
Individuals and other grants less than £1,000		 Institutions
£
9,069
4,735
3,608
1,009
228
18,649
Institutions
£
2,427
1,393
2,516
706
3,266
1,264
11,572		 Individuals
£
-
-
-
6,854
2,191
9,045
Individuals
£
-
-
-
-
990
990		 2020
£
9,069
4,735
3,608
1,009
6,854
2,419
27,693
2019
£
2,427
1,393
2,516
706
3,266
2,254
12,562

Page 14

FIELDS CHURCH LTD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2020

7 Analysis of staff costs, the cost of key management personnel and trustee remuneration and expenses

Gross wages and salaries
Social security		 2020
£
38,848
384
39,232		 2019
£
37,380
265
37,645

The average monthly number of employees during the year was 3 (2019: 3). Most of the charity's activities are carried out by volunteers.

No staff received salaries at a rate of more than £60,000 per annum.

The charity's key management comprise the trustees and the key staff named on the Company Information page. Total employment benefits payable to key management for the year were as follows:

Trustees:
Richard Smith
The following amounts were charged in the previous year:
Trustees:
Richard Smith		 Wages &
salaries
33,557
33,557
Wages &
salaries
32,580
32,580		 Other
employment
benefits
-
-
Other
employment
benefits
-
-		 Employer
pension
contributions
-
-
Employer
pension
contributions
-
-		 2020
£
33,557
33,557
2019
£
32,580
32,580

Richard Smith served as a church leader and received the above payments for serving in that capacity, not for serving as a trustee; these payments are permitted by the charity's governing document.

In addition the charity incurred expenditure totalling £1,686 (2019: £1,188) to Richard Smith and £176 (2019: £NIL) to George Abraham, both trustees, in respect of the customary provision of travel costs so that they could better perform their duties.

No trustees received employment benefits in either the current or preceding year.

8
Tangible fixed assets
Cost
At 1 September 2019
Additions
Disposals
At 31 August 2020
Accumulated depreciation
At 1 September 2019
Charge for the year
Eliminated on disposal
At 31 August 2020
Net book value
At 31 August 2020
At 1 September 2019		 Computer
equipment
£
9,237
0
-
9,237
4,387
1,154
-
5,541
3,697
4,850		 Furniture
£
5,760
5,760
96
1,152
1,248
4,512
5,664		 Other
equipment
£
3,335
-
-
3,335
3,335
-
-
3,335
-
-		 Total
2020
£
18,332
0
-
18,332
7,818
2,306
-
10,124
8,209
10,514

Page 15

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2020

FIELDS CHURCH LTD

9
Debtors
Falling due within one year:
Tax recoverable
Prepayments and accrued income
10
Cash at Bank and in Hand
Cash at bank with immediate access
Notice deposits (with a term of three
Petty cash
11
Creditors: liabilities falling due within one
Trade creditors
Accruals
12
Funds
Designated Funds
Church Tithe Fund
Pledges
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Swaziland Funds
FIND
Suffolk Youth / The Hive
Café
Care Fund
Bal Krishna India fund
Other restricted funds
Aggregate of funds		 months or less)
year
Opening
balance
2020
£
2,824
9,991
12,815
34,217
47,032
589
222
998
-
-
185
172
2,166
49,198		 Incoming
resources
2020
£
-
1,187
1,187
92,152
93,339
6,475
1,252
-
77
1,610
5,024
248
14,686
108,025		 Outgoing
resources
2020
£
(11,738)
-
(11,738)
(64,107)
(75,845)
(7,012)
(1,386)
-
(374)
(2,191)
(5,119)
(816)
(16,897)
(92,742)		 Transfers
in the year
2020
£
9,113
-
9,113
(10,385)
(1,272)
-
-
-
296
581
-
395
1,272
-		 2020
£
1,103
1,334
2,437
2020
£
33,348
22,118
-
55,466
2020
£
231
1,400
1,631
Gains and
losses
2020
£
-
-
-
-
-
-
-
-
-
-
-
-
-		 2019
£
1,063
2,631
3,694
2019
£
18,496
22,011
-
40,508
2019
£
4,368
1,150
5,518
Closing
balance
2020
£
199
11,178
11,377
51,876
63,254
52
88
998
(0)
0
90
(0)
1,227
64,481

Page 16

FIELDS CHURCH LTD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2020

Analysis of net assets by fund

The assets and liabilities represented by the various funds are as follows:

ssets and liabilities represented by the various funds are as follows:
Fixed assets
Stock and debtors
Cash at bank and in hand
Current liabilities		 General
Designated
funds
funds
£
£
8,209
-
2,437
-
42,862
11,377
(1,631)
-
51,876
11,377
Unrestricted Funds		 Restricted
funds
£
-
-
1,227
-
1,227		 2020
£
8,209
2,437
55,467
(1,631)
64,481
General
funds
£
8,209
2,437
42,862
(1,631)
51,876

Fund Transfers

The General Fund has made transfers into the restricted funds to cover any excess expenditure from the funds

A transfer has been made from the General Fund to the Designated Church Tithe Fund which is reflective of 10% of congregational giving including Gift Aid.

The comparatives for the previous year are as follows:

Designated Funds
Church Tithe Fund
Pledges
General Unrestricted Funds
Total Unrestricted Funds
Restricted Funds
Swaziland Funds
FIND
Suffolk Youth / The Hive
Guest speaker gifts
Café
Care Fund
Other restricted funds
Aggregate of funds		 Opening
balance
2019
£
2,940
7,473
10,413
32,931
43,344
719
167
1,698
-
-
758
3,341
46,685		 Incoming
resources
2019
£
1,361
2,518
3,880
74,842
78,722
878
259
-
-
129
841
1,395
3,502
82,223		 Outgoing
resources
2019
£
(7,597)
-
(7,597)
(66,380)
(73,977)
(1,008)
(204)
(700)
(395)
(641)
(990)
(1,795)
(5,734)
(79,711)		 Transfers
in the year
2019
£
6,119
-
6,119
(7,175)
(1,056)
-
-
-
395
512
149
-
1,056
-		 Gains and
losses
2019
£
-
-
-
-
-
-
-
-
-
-
-
-		 Closing
balance
2019
£
2,824
9,991
12,815
34,217
47,032
589
222
998
-
-
357
2,166
49,198

Page 17

FIELDS CHURCH LTD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2020

Fixed assets
Stock and debtors
Cash at bank and in hand
Current liabilities		 General
Designated
funds
funds
£
£
10,514
-
1,456
1,700
27,765
11,115
(5,518)
-
34,216
12,815
Unrestricted Funds		 Restricted
funds
£
-
538
1,628
-
2,166		 2019
£
10,514
3,694
40,508
(5,518)
49,198
General
funds
£
10,514
1,456
27,765
(5,518)
34,216

The designated tithe fund is an unrestricted fund designated by the Trustees to allow for future external giving.

The designated pledge fund is an unrestricted fund designated by the Trustees for future development of the Church, in particular areas, for example church growth, the need to expand into a different building, preferably owned

The Swaziland fund is for the support of the work of overseas missionaries in Africa.

The FIND fund is to support a registered charity in Ipswich (Families in Need).

The Suffolk Youth / The Hive fund relates to funds donated for Youth activities.

The guest speaker fund relates to gifts given by church members for the ministries of visiting speakers.

The café fund relates to gifts given by church members towards the running of the café. The Care fund relates to gifts given by church members to assist in the wellbeing of other church members, and the community of Kesgrave The Bal Krishan India Fund is for the support of the work of overseas missionaries in India.

13 Transactions with related parties

During the year the charity:

14 Events since the year end

In March 2020 the charity took steps (in line with government advice) to help contain the outbreak of COVID. This included the temporary suspension of all physical gatherings during Lockdown. However, we did meet as a Church at a local farm in September, October and December, after obtaining advice from the Evangelical Alliance and whilst adhering to Government guidelines regarding Social distancing, using PPE and hand sanitising stations with a Risk assessment for each gathering in place. The charity has had to curtail, or change, how it operates; the charity has been able to continue some of its activities using on-line media. The trustees are monitoring income and expenditure and, if it becomes necessary, will take measures to mitigate the impact of COVID19 on the charity’s free reserves

15 Members

Each member of the company commits to contribute if the charity is wound up an amount of £10.

Page 18

FIELDS CHURCH LTD

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 AUGUST 2020

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Charitable activities
4
Investments
5
Total income and endowments
EXPENDITURE ON:
Charitable activities:
6
TOTAL EXPENDITURE
Net gains/(losses) on investments
Net income/(expenditure)
Transfers between funds
12
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
12		 2020
£
91,984
61
107
92,152
64,107
64,107
28,045
(10,385)
17,660
34,217
51,877
Unrestricted Fu		 2019
£
74,129
582
132
74,842
66,380
66,380
8,462
(7,175)
1,287
32,931
34,217
nds - General		 2020
£
1,187
1,187
11,738
11,738
(10,551)
9,113
(1,437)
12,815
11,377
Unrestricted Fu		 2019
£
3,880
3,880
7,597
7,597
(3,717)
6,119
6,119
10,413
12,815
nds - Designated		 2020
£
14,686
-
-
14,686
16,897
16,897
(2,211)
1,272
(939)
2,166
1,227
Restricte		 2019
£
3,502
-
-
3,502
5,734
5,734
(2,232)
1,056
(1,176)
3,341
2,166
d Funds		 Total
Funds
2020
£
107,857
61
107
108,025
92,742
92,742
-
15,283
-
15,283
49,198
64,481		 Total
Funds
2019
£
81,510
582
132
82,224
79,711
79,711
-
2,513
-
2,513
46,685
49,198

Page 19