## 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
5. 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:
- (a) ensuring that the charitable company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its net income or expenditure for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
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:
- a) Recoverable gift aid. This is recognised when the related donation is received. Gift aid that has not been recovered by the balance sheet date is included as a debtor.
- b) Donated facilities, services and goods. The charity relies on volunteers to carry out many of its activities. However, in accordance with the SORP, the value of these services has not been included in these financial statements as they cannot be reliably measured.
- c) Legacies. Income from legacies is recognised when a distribution is received from the estate or, if earlier, when the charity has been notified that a distribution will be made and the amount receivable can be measured reliably.
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:
- a) received donations totalling £18,460 (2020: £18,184) from related parties (which includes trustees, anyone closely connected to them and key management).
- b) In the previous year, Sophie Tree, who is closely related to Daniel Tree, a trustee, received employment benefits totalling £223 for providing administrative services to the charity. No such payment were made in year ending 31 August 2021.
- c) Stuart Smith, a relative of Richard Smith who is a trustee, and Danny Barnes, a relative of Kymmene Barnes who is a trustee, received payments for the joint project of the design and development of the church website totalling £3,233 during the year. (2020: Sarah Smith, a relative of Richard Smith, received a speaking engagement fee of £300)
## **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