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2021-08-31-accounts

FIELDS CHURCH LTD

Report and Accounts Year ended 31st August 2021

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

FIELDS CHURCH LTD

FOR THE YEAR ENDED 31 AUGUST 2021

COMPANY INFORMATION

Directors / trustees

George Abraham Kymmene Barnes 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

04002211

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 - 7
Independent Examiner's Report 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Accounts 11 - 17
Detailed Statement of Financial Activities with Comparatives 18

Page 1

FIELDS CHURCH LTD

TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 AUGUST 2021

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

Our Vision is split down into five headings which are subsequently split into short and long term.

One of our ongoing short-term goals is to continue to have Community Champions who organize and run local events. In addition, our short-term goal of having Space for Growth has taken a significant step forward in our move to Kesgrave High School.

Our Long-term vision is to become a global creative influence, provide a full range of wholeness and pastoral care services, and to purchase our own premises. These 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 2021

Review of Activities

In planning the activities, the Directors have had regard to the guidance on public benefit issued by the Charity Commission. We review the activities we undertake, on a regular basis, to see whether they fulfil the objectives set within our Memorandum and Articles of Association.

Fields Church, along with all other churches and religious groups in the country, had to suspend most of their activities because of the COVID outbreak.

We had to find new ways of engaging with our church and the wider community in light of Government restrictions that were about to take place locally and nationally.

We followed government guidance by not meeting physically during Lockdown periods.

Our leadership therefore decided to host weekly church meetings using Zoom, This still enabled us to connect as a church, and therefore attend to peoples spiritual and emotional wellbeing.

Life Groups

Weekly life group meetings were also held using Zoom. This proved to be extremely valuable in ensuring that people had opportunity to stay connected and continue to support one another in these very difficult and challenging times.

Children’s Church

Programmes were put together to meet children's needs, by games and activities being sent out to each child on a weekly basis. This allowed our children to engage in an interactive manner online while being supervised by their parents

Youth

A dedicated team of volunteer youth workers met with our youth via Zoom, and had fellowship and bible studies., necessary. We endeavoured to follow necessary safeguarding policies.

Alpha

Some of our leaders ran a successful Alpha Course In September 2020 for anyone wanting to learn more about the Christian faith. This ran for 12 weeks and was well received. At the end of the course people were invited along to our church meetings via Zoom, with gifts being given to the participants at the end of the course.

Baptism

In November 2020 we held an adult baptism again primarily via Zoom as the person was so keen to be baptised.

Page 3

FIELDS CHURCH LTD

TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 AUGUST 2021

Carol service

After consultation with the Evangelical Alliance, and following Government guidelines, we were able to hold a socially distanced outdoor Carol service at a local farm owned by one of our members.

A number of enthusiastic people from the village, and a good number of our church members, over 100 in all, enjoyed coming together to sing Carols and listen to a short Christmas message.

Christmas Collection for FIND

We continued to 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. This year we continued to donate boxes of chocolates, to give as Christmas Gifts. In addition, we gave FIND a number of store vouchers to assist these families with purchasing groceries and toys.

Moving into The New year 2021

Restrictions still played a part in us not being able to meet physically as a church going into the new year, so we continued meeting via Zoom on Sundays, and for mid-week.

Weddings

Two couples were married this year, so the Pastors ran the Vow marriage course, and were able to play a part when the couples eventually married.

Mother’s Day

Like the previous year, on Mother’s Day, the Pastors delivered gifts to the mums in the church as a token of our love.

Father’s Day

On Father’s Day our Pastors bought gifts and delivered them to all the dads in the church, and fathers outside the church who we have built friendships with.

Meeting Together

When restrictions were lifted, we were able to meet at our friends farm again, to worship, listen to a bible message, and enjoy socially distanced fellowship.

In June we organized a church get tother and picnic at a local village hall and green which was well attended, we also met in July for a church gathering and picnic.

Despite the challenges we’ve faced as a church, not being able to meet and fellowship, or engage much with our communities we have seen a few people join the church both via Zoom and when we could meet personally.

Page 4

FIELDS CHURCH LTD

TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 AUGUST 2021

New Venue

As mentioned in our last director's report, the local high school (Kesgrave) had kindly agreed that we can use the school for our services in the future. We were only able to do this once restrictions were lifted.

Wholeness and Pastoral care

This is a big part of our vision as a church, to care for the people of our congregation, and those we’ve built relationships with outside of church.

Over the last 12 months due to lockdowns some people have felt very isolated and were a little nervous and anxious of venturing out. This aspect of our church function has proved to be of great importance during this period and we are continuing to develop and enhance our approach in this area.

We have continued to support those that have struggled with their mental health and emotional wellbeing, offering encouragement and prayer support where needed.

Prayer

We started a daily prayer meeting on Zoom that has been really popular, where we can pray for wisdom for those who lead governments and also pray for the vulnerable and marginalised. We plan to carry this on for as long as we see the need.

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 due to our charity status.

Our income this year has reduced to £89,284 (2020: £108,025) with expenditure also reduced to £79,213 (2020: £92,742) leaving a surplus of £10,071 (2020: £15,283) which will be reflected in this years accounts. The charity held funds of £74,552 at the year end (2020:£64,481) of which £2,197 was restricted in purpose (2020: £1,227)

The income was down on last year, but still healthy considering the challenges we’ve all faced in the last 12 months, with a lot of uncertainty with people incomes and livelihoods.

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, safeguarding policies, etc. issues that may have arisen.

Page 5

FIELDS CHURCH LTD

TRUSTEES' ANNUAL REPORT (INCORPORATING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 AUGUST 2021

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 £20,415 for this year. This is done to, if necessary, supplement a fluctuating income that is provided by the giving of the church family. At the end of the year the charity held £22,000 in its high reserve account, and in total it held unrestricted general fund cash reserves of £52,985 and as such the charity is complying with its reserves policy.

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.

From March 2020 the charity has continued to take steps (in line with government advice) to help contain the outbreak of COVID-19.

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 6

FIELDS CHURCH LTD

TRUSTEES' ANNUAL REPORT

(INCORPORATING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 AUGUST 2021

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

_______ Richard Smith

Date: 23 May 2022

Page 7

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 2021 on pages 9 to 18 following, which have been prepared on the basis of the accounting policies set out on pages 11 -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

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

25 May 2022

Page 8

FIELDS CHURCH LTD

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 AUGUST 2021

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
£
81,657
-
1
81,658
71,862
71,862
9,797
(696)
9,101
63,254
72,355		 Restricted
Funds
£
7,626
-
-
7,626
7,351
7,351
275
696
970
1,227
2,197		 Total
Funds
2021
£
89,283
-
1
89,284
79,213
79,213
10,071
-
10,071
64,481
74,552		 Total
Funds
2020
£
107,857
61
107
108,025
92,742
92,742
15,283
-
15,283
49,198
64,481

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 11 - 17 form part of these accounts.

Page 9

FIELDS CHURCH LTD

BALANCE SHEET

FOR THE YEAR ENDED 31 AUGUST 2021

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
£
5,903
5,903
2,876
65,291
68,167
1,715
66,452
72,355
72,355
72,355
60,050
12,306
72,355
-
72,355		 Restricted
Funds
£
-
-
-
2,197
2,197
-
2,197
2,197
2,197
2,197
-
-
-
2,197
2,197		 Total funds
2021
£
5,903
5,903
2,876
67,488
70,364
1,715
68,649
74,552
74,552
74,552
60,050
12,306
72,355
2,197
74,552		 Total funds
2020
£
8,209
8,209
2,437
55,466
57,904
1,631
56,272
64,481
64,481
64,481
51,878
11,377
63,255
1,227
64,482

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 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

--------------------------------------Richard Smith

DATE: 23 May 2022

Company number: 04002211

Charity number: 1082134

The notes on pages 11 - 17 form part of these accounts.

Page 10

FIELDS CHURCH LTD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2021

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.

a) Going concern

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 11

FIELDS CHURCH LTD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2021

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
4
Income from charitable activities
Church retreats and events
Youth and children's work
5
Investment income
Bank interest		 Unrestricted
Funds
£
69,416
-
12,241
81,657
Unrestricted
Funds
£
-
-
-
Unrestricted
Funds
£
1
1		 Restricted
Funds
£
-
6,582
1,044
7,626
Restricted
Funds
£
-
-
-
Restricted
Funds
£
-
-		 Total
2021
£
69,416
6,582
13,286
89,283
Total
2021
£
-
-
-
Total
2021
£
1
1		 Total
2020
£
76,903
13,459
17,495
107,857
Total
2020
£
61
-
61
Total
2020
£
107
107

Page 12

FIELDS CHURCH LTD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2021

6 Charitable expenditure

a
Costs incurred directly on specific activities
Employment costs
Note 7
Staff expenses (including training)
Grants payable
Note 6c
Hire of halls
Equipment & maintenance
Conferences and events
Guest speakers
Children and Youth
Subscriptions & Fees (incl. Software)
Worship
Hospitality
Outreach & evangelism
Books & audio
Other church running costs
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
£
40,104
2,449
9,893
60
702
355
-
354
4,081
3,282
620
194
576
-
62,672
2,140
2,140
650
2,858
2,306
780
252
205
7,050
71,862		 Restricted
Funds
£
-
-
6,784
-
-
-
-
-
-
568
-
-
7,351
-
-
-
-
-
-
-
7,351		 Total
2021
£
40,104
2,449
16,676
60
702
355
-
354
4,081
3,850
620
194
576
-
70,023
2,140
2,140
650
2,858
2,306
780
252
205
7,050
79,213		 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

In addition to the fees payable for the preparation and examination of the accounts, the charity paid £699 (2020: £630) 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
£
3,460
2,901
2,718
1,185
-
244
10,508
Institutions
£
9,069
4,735
3,608
1,009
228
18,649		 Individuals
£
-
-
-
5,490
678
6,168
Individuals
£
-
-
-
6,854
2,191
9,045		 2021
£
3,460
2,901
2,718
1,185
5,490
923
16,676
2020
£
9,069
4,735
3,608
1,009
6,854
2,419
27,693

Page 13

FIELDS CHURCH LTD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2021

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

sis of staff costs, the cost of key management personnel and trustee remuneration and expenses
Gross wages and salaries
Social security		 2021
£
40,104
-
40,104		 2020
£
38,848
384
39,232

The average monthly number of employees during the year was 3 (2020: 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
34,564		 Other
employment
benefits
-		 Employer
pension
contributions
-		 2021
£
34,564
34,564 - - 34,564
Wages &
salaries
33,557
33,557		 Other
employment
benefits
-
-		 Employer
pension
contributions
-
-		 2020
£
33,557
33,557

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 £310 (2020: £1,686) to Richard Smith and £NIL (2020: £176) 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 2020
Additions
Disposals
At 31 August 2021
Accumulated depreciation
At 1 September 2020
Charge for the year
Eliminated on disposal
At 31 August 2021
Net book value
At 31 August 2021
At 1 September 2020		 Computer
equipment
£
9,237
-
9,237
5,541
1,154
-
6,695
2,542
3,697		 Furniture
£
5,760
5,760
1,248
1,152
2,400
3,360
4,512		 Other
equipment
£
3,335
-
-
3,335
3,335
-
-
3,335
-
-		 Total
2021
£
18,332
-
-
18,332
10,124
2,305
-
12,429
5,903
8,209

Page 14

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2021

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
2021
£
199
11,178
11,377
51,876
63,254
52
88
998
-
-
90
-
1,227
64,481		 Incoming
resources
2021
£
7,754
1,128
8,882
72,776
81,658
1,553
1,359
313
16
25
4,361
-
7,626
89,284		 Outgoing
resources
2021
£
(9,368)
-
(9,368)
(62,494)
(71,862)
(1,288)
(981)
(313)
(16)
(153)
(4,033)
(568)
(7,351)
(79,213)		 Transfers
in the year
2021
£
1,413
-
1,413
(2,109)
(696)
-
-
-
-
128
-
568
696
-		 2021
£
2,475
401
2,876
2021
£
45,370
22,118
-
67,488
2021
£
35
1,680
1,715
Gains and
losses
2021
£
-
-
-
-
-
-
-
-
-
-
-
-
-		 2020
£
1,103
1,334
2,437
2020
£
33,348
22,118
-
55,466
2020
£
231
1,400
1,631
Closing
balance
2021
£
-
12,306
12,306
60,049
72,355
317
465
998
-
-
418
-
2,197
74,552

Page 15

FIELDS CHURCH LTD

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2021

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
£
£
5,903
-
2,876
-
52,985
12,306
(1,715)
-
60,048
12,306
Unrestricted Funds		 Restricted
funds
£
-
-
2,197
-
2,197		 2021
£
5,903
2,876
67,489
(1,715)
General
funds
£
5,903
2,876
52,985
(1,715)
60,048
74,552

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
Café
Care Fund
Bal Krishna India fund
Other restricted funds
Aggregate of funds		 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
-		 Gains and
losses
2020
£
-
-
-
-
-
-
-
-
-
-
-
-
-		 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 2021

Analysis of net assets by fund (prior year)

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

sis of net assets by fund (prior year)
ssets and liabilities represented by the various funds were 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)
General
funds
£
8,209
2,437
42,862
(1,631)
51,876
64,481

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 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

Since the year end the charity has taken all neccessary 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, when possible we did meet as a Church at a local farm, 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 17

FIELDS CHURCH LTD

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 AUGUST 2021

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		 2021
£
Unrestricted Fu		 2020
£
nds - General		 2021
£
Unrestricted Fu		 2020
£
nds - Designated		 2021
£
7,626
-
-
7,626
7,351
7,351
275
695
970
1,227
2,197
Restricte		 2020
£
14,686
-
-
14,686
16,897
16,897
(2,211)
1,272
(939)
2,166
1,227
d Funds		 Total
Funds
2021
£
89,283
-
1
89,284
79,213
79,213
-
10,071
-
10,071
64,481
74,552		 Total
Funds
2020
£
107,857
61
107
72,775
-
1
72,776
62,494
62,494
10,282
(2,109)
8,173		 91,984
61
107
92,152
64,107
64,107
28,045
(10,385)
17,661		 8,882
8,882
9,368
9,368
(486)
1,413
928		 1,187
1,187
11,738
11,738
(10,551)
9,113
(1,437)
108,025
92,742
92,742
-
15,283
-
15,283
49,198
51,878
60,050		 34,217
51,878		 11,377
12,305		 12,815
11,377
64,481

Differences of £1 may appear due to rounding

Page 18