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2025-08-31-accounts

FIELDS CHURCH

Report and Accounts Year ended 31st August 2025

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

FIELDS CHURCH

FOR THE YEAR ENDED 31 AUGUST 2025

CHARITY INFORMATION

Directors / trustees

Andrew Gaught Richard Smith (resigned 31 Aug 2025) Mark Brian George Tree Martin Sutor (resigned 16 Jun 2025) Stephen Richard Haskins (resigned December 2025) Sheeba Mason Simon Scott

Key staff

Richard Smith (Pastor) (resigned 31 Aug 2025)

Governing Document

CIO - FOUNDATION CONVERSION DATED 02 MAY 2025

Charity Registration Number

1082134

Registered Office

22 Wacker Field Road Rendlesham Suffolk IP12 2UT

Independent Examiner

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

Bankers

The Co-Operative Bank plc

Contents Page
Company Information 1
Trustees' Annual Report 2-6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Accounts 10-15
Detailed Statement of Financial Activities with Comparatives 16

Page 1

FIELDS CHURCH

TRUSTEES' ANNUAL REPORT

FOR THE YEAR ENDED 31 AUGUST 2025

The trustees 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 Constitution.

Structure, Governance and Management

The trustees are pleased to report that during the year the charity completed its conversion to a Charitable Incorporated Organisation (CIO), a change designed to strengthen our governance and provide a more robust legal structure for our activities. In line with the Charities SORP (FRS 102), the conversion has been accounted for using merger accounting, meaning that the financial statements present the results as though the CIO had been in operation throughout the comparative periods.

The Spiritual oversight of the church is administered by one full time paid Senior Pastor (Richard Smith) and his wife (Esther Smith). The transition to new Pastor(s) is underway with Richard and Esther standing down on 31 August 2025.

We currently have a wider leadership team consisting of 5 other volunteers (Core Leaders), who meet monthly, or more regularly if required, to discuss and agree the operational direction and future of the church. Roles and responsibilities regarding operational matters are divided within this team. The structure of this team and the interaction between core leaders and trustees is currently under discussion as part of a wider restructure in anticipation of the existing pastors standing down. Within the last year we have decided to join the Ground Level network of churches to provide additional support and relationships for both the existing team and that which will emerge over the next few months.

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

New trustees are recruited and appointed by a majority of existing trustees 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.

Page 2

FIELDS CHURCH

TRUSTEES' ANNUAL REPORT

FOR THE YEAR ENDED 31 AUGUST 2025

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 as well as supporting those within our membership who participate in local events. In addition, our short-term goal of having Space for Growth took a significant step forward with our move to Kesgrave High School. Since moving to this venue we have been granted access to more storage space and increasingly improved facilities.

Our Long-term vision is to become a Global Creative Influence; this is being taken forward through advancements in media recording and production. We also aim to provide a full range of Wholeness and Pastoral Care services; training and mentoring programs are currently underway. Finally, to purchase our own premises thus creating a Home for Good.

The overarching objective and goals of the church are again under consideration as part of the restructure although will remain very similar to those currently in place.

Review of Activities

In planning the activities, the Trustees 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 Constitution.

Life Groups

Weekly life group meetings are held weekly. These are extremely valuable in ensuring that people have opportunity to stay connected and continue to support one another in between the Sunday services. These aim to promote community and foster deeper discussions around varied but relevant topics. There has been an expansion in the number of life groups over the last 12 months.

Children’s Church

Programmes are put together to meet children's needs. Children’s church occurs every week during the Sunday morning service. Children are divided into two age specific groups and taught using various games and activities.

Youth

A dedicated team of volunteer youth workers meet with our youth on a Sunday morning and also host a series of youth life groups and a variety of social events throughout the year.

Page 3

FIELDS CHURCH

TRUSTEES' ANNUAL REPORT

FOR THE YEAR ENDED 31 AUGUST 2025

Alpha and other Courses

We continue to plan run an Alpha course annually. There is a plan to deliver one in the new year 2026.

Baptism

As and when numbers permit baptisms are undertaken. A private pool is opened up for us for the event when necessary.

Outreach Activities

A community carol service was arranged along with a winter cafe. Outreach activities are widely promoted throughout the surrounding community and are helping to promote the church within the local area and raise awareness. Plans are in place for an Easter activity although the nature is yet to be defined.

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 and vouchers. We also support FIND on an ongoing basis and regularly take collections to their warehouse.

Support

Support is provided on an ongoing basis by the Pastors for vulnerable people within the church and support is provided where needed for new families and those in financial need. A team is being put in place to take up this work once the Pastors have stepped back.

Daily Prayer

We started a daily prayer meeting on Zoom during lockdown. This has proved popular. It is an occasion where we can pray for wisdom for those who lead governments and pray for the vulnerable and marginalised as well as individual needs which can be identified. This will be maintained into the foreseeable future. There are also plans for a fortnightly prayer meeting to seek wisdom regarding the Church’s future following the retirement of the Pastors.

Page 4

FIELDS CHURCH

TRUSTEES' ANNUAL REPORT

FOR THE YEAR ENDED 31 AUGUST 2025

Financial Review

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

Our income this year increased to £117,281 (2024: £103,880), with expenditure increased to £103,885 (2024: £101,443) leaving a surplus of £13,396 (2024: £2,437) which is reflected in this year’s accounts. The charity held funds of £110,649 at year end (2024: £97,253) of which £874 was restricted in purpose (2024: £2,068).

In summary it has been a good year at Field’s 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, safeguarding policies etc., issues that may have arisen.

Reserves Policy

The board of Trustees has established a policy whereby the main objective is to hold funds equating to 25% of the budgeted unrestricted income for each financial year which would equate to approximately £24,000. 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, in unrestricted general fund cash reserves, £99,727 and as such the charity is complying with it’s reserves policy.

Risk Statement

The Trustees 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.

Page 5

FIELDS CHURCH

TRUSTEES' ANNUAL REPORT

FOR THE YEAR ENDED 31 AUGUST 2025

Trustees 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).

Charity 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 charity as at the balance sheet date, and of it’s 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.

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 Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approval

This report was approved by the trustees and signed on their behalf by:

Mark Tree

_______Mark Tree (Apr 15, 2026 07:01:10 GMT+1)

Mark Tree

Date: Apr 15, 2026

Page 6

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

FIELDS CHURCH

I report to the charity trustees on my examination of the accounts of the Charity for the year ended 31 August 2025 on pages 8 to 15 following, which have been prepared on the basis of the accounting policies set out on page 10-11.

Responsibilities and basis of report

As the charity’s trustees of the Charitable Incorporated Organisation you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no 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 Charity as required by section 130 of the Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Lisa Darby

Lisa Darby (Apr 15, 2026 10:51:07 GMT+1)

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

Date: Apr 15, 2026

Page 7

FIELDS CHURCH

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 AUGUST 2025

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Investments
4
Total income and endowments
EXPENDITURE ON:
Charitable activities:
5
Total expenditure
Net income/(expenditure)
Transfers between funds
11
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
11		 Unrestricted
Funds
£
113,728
-
113,728
99,138
99,138
14,591
-
14,591
95,184
109,775		 Restricted
Funds
£
3,553
-
3,553
4,747
4,747
(1,195)
-
(1,195)
2,068
874		 Total
Funds
2025
£
117,281
-
117,281
103,885
103,885
13,396
-
13,396
97,253
110,649		 Total
Funds
2024
£
103,876
4
103,880
101,443
101,443
2,437
-
2,437
94,816
97,253

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

All income and expenditure derive from continuing operations.

The notes on pages 10 - 15 form part of these accounts.

Page 8

FIELDS CHURCH

BALANCE SHEET

FOR THE YEAR ENDED 31 AUGUST 2025

Note
FIXED ASSETS
Tangible assets
7
CURRENT ASSETS
Debtors
8
Cash at bank and in hand
9
CREDITORS:Amounts falling
due within one year
10
Net current assets / (liabilities)
Total assets less current liabilities
TOTAL NET ASSETS
FUND BALANCES
11
Unrestricted Funds
General funds
Designated funds		 Unrestricted
Funds
£
1,718
1,718
3,298
114,017
117,315
9,259
108,057
109,775		 Restricted
Funds
£
-
-
-
874
874
-
874
874
874
-
874
874		 Total funds
2025
£
1,718
1,718
3,298
114,891
118,189
9,259
108,930
110,649
110,649
95,486
14,290
109,776
874
110,649		 Total funds
2024
£
2,718
2,718
6,022
95,761
101,783
7,248
94,535
97,253
109,775 97,253
95,486
14,290
109,776
-
109,776		 82,640
12,545
95,184
2,068
97,253

The accounts were approved by the trustees and signed on their behalf by:

Mark Tree

Apr 15, 2026

Mark Tree Apr 15, 2026
---------------------------------------
Mark Tree (Apr 15, 2026 07:01:10 GMT+1)		 ----------------------------------
Mark Tree DATE
Charity number: 1082134

The notes on pages 10 - 15 form part of these accounts.

Page 9

FIELDS CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2025

1 Statutory Information

The charity is a charitable incorporated organisation registered with the Charity Commission in England & Wales. The charity's registered number and principal address can be found on the Charity 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") and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.

The Charities (Accounts and Reports) Regulations 2008 (the '2008 Regulations') requires charities to prepare their accounts in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005' but this accounting standard has since been withdrawn and has been replaced by the Charities SORP mentioned in the preceding paragraph. The charity has prepared these financial statements in accordance with the new Charities SORP; this departure from the 2008 Regulations is believed to be necessary for these financial statements to give a 'true and fair view'.

On 2nd May 2025, the charity converted from a Charitable company to a Charitable Incorporated Organisation (CIO). In line with the Charities SORP (FRS 102) section 27 on charity mergers, the conversion has been accounted for using merger accounting, with assets, liabilities, and funds brought forward at existing carrying values and comparatives presented as if the CIO had always existed.

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

a) Going concern

The trustees 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.

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 10

FIELDS CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2025

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:

eciation are charged:
Leasehold improvements Over the lease term or, if shorter, expected useful life
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 charity 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
Investment income
Bank interest
5
Charitable expenditure
a
Costs incurred directly on specific activities
Employment costs
Note 6
Staff expenses (including training)
Grants payable
Note 5c
Hire of halls
Equipment & maintenance
Guest speakers
Children and Youth
Subscriptions & Fees (incl. Software)
Ladies Ministry
Hospitality
Outreach & evangelism
Books & audio
Accommodation
Conferences
Other church running costs		 Unrestricted
Funds
£
99,973
-
13,756
113,728
Unrestricted
Funds
£
-
-
Unrestricted
Funds
£
57,394
1,200
10,453
11,032
1,279
-
-
4,964
-
4,098
35
1,138
-
24
25
91,642		 Restricted
Funds
£
-
3,553
-
3,553
Restricted
Funds
£
-
-
Restricted
Funds
£
-
-
3,798
-
66
152
71
-
500
160
-
-
-
4,747		 Total
2025
£
99,973
3,553
13,756
117,281
Total
2025
£
-
-
Total
2025
£
57,394
1,200
14,251
11,032
1,345
152
71
4,964
500
4,258
35
1,138
-
24
25
96,390		 Total
2024
£
82,447
8,035
13,394
103,876
Total
2024
£
4
4
Total
2024
£
55,192
1,046
18,115
10,727
755
170
212
3,599
1
2,804
200
702
86
245
-
93,853

Page 11

FIELDS CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2025

b Costs incurred on support & administration
Governance costs
Cost of independent examination 2,040 - 2,040 1,980
2,040 - 2,040 1,980
Bookkeeping & payroll 853 - 853 814
Office costs 1,602 - 1,602 669
Depreciation of tangible fixed assets 999 999 2,290
Insurance 1,297 - 1,297 1,132
Telephone & internet 494 - 494 632
Bank charges 210 - 210 72
5,456 - 5,456 5,610
Total expenditure 99,138 4,747 103,885 101,444
FOR THE YEAR ENDED 31 AUGUST 2025
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		 2,040
2,040
853
1,602
999
1,297
494
210
5,456
99,138		 -
-
-
-
-
-
-
-
4,747		 2,040
2,040
853
1,602
999
1,297
494
210
5,456
103,885		 1,980
1,980
814
669
2,290
1,132
632
72
5,610
101,444
c
6		 In addition to the fees payable for the preparation and examination of the accounts, the charity paid
and consultancy services.		 £1,223 (2024: £879) to Stewardship for payroll bureau
Grants payable Institutions Individuals 2025
£ £ £
Christian Family Church, Swaziland [Overseas mission] 3,721 - 3,721
FIND (Families in Need) [Relief of poverty] 3,804 - 3,804
CYM (Christian Youth Ministries Ipswich) [UK mission] 2,832 - 2,832
Beehive Project [UK mission] 740 - 740
Individuals and other grants less than £1,000 750 2,404 3,154
11,847 2,404 14,251
The comparatives for the previous year are as follows: Institutions Individuals 2024
£ £ £
Christian Family Church, Swaziland [Overseas mission] 3,225 - 3,225
FIND (Families in Need) [Relief of poverty] 5,459 - 5,459
CYM (Christian Youth Ministries Ipswich) [UK mission] 2,832 - 2,832
Shalom India Ministries [Overseas mission] - 1,800 1,800
Cox family - 3,788 3,788
Individuals and other grants less than £1,000 228 783 1,011
11,744 6,371 18,115
Analysis of staff costs, the cost of key management personnel and trustee remuneration and expens es
2025 2024
£ £
Gross wages and salaries 57,394 55,192
Social security - -
57,394 55,192

The average monthly number of employees during the year was 4 (2024: 4). Most of the charity's activities are carried out by volunteers.

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

management for the year were as follows:
Other Employer
Wages & employment pension 2025
salaries benefits contributions £
Key management:
Richard Smith 38,107 - - 38,107
The following amounts were charged in the previous year: Other Employer
Wages & employment pension 2024
salaries benefits contributions £
Trustees:
Richard Smith 36,292 - - 36,292

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 £628 (2024: £603) to Richard Smith, trustee, in respect of the customary provision of travel costs so that he could better perform his duties.

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

Page 12

FIELDS CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2025

7
Tangible fixed assets		 Computer
equipment		 Property
Improvements		 Furniture Other
equipment		 Total
2025
£ £ £ £ £
Cost
At 1 September 2024
Additions
Disposals
At 31 August 2025
Accumulated depreciation
At 1 September 2024
Charge for the year
Eliminated on disposal
At 31 August 2025
Net book value
At 31 August 2025
At 1 September 2024
8
Debtors
Falling due within one year:
Tax recoverable
Prepayments and accrued income
9
Cash at Bank and in Hand
Cash at bank with immediate access
Notice deposits (with a term of three
Notice deposits (with a term of three
Petty cash
10
Creditors: liabilities falling due within one
Trade creditors
Accruals
11
Funds
Designated Funds
Church Tithe Fund
Pledges
General Unrestricted Funds
Total Unrestricted Funds		 10,186
-
(3,468)
6,718
9,680
190
(3,468)
6,402
316
506
months or more)
months or less)
year
Opening
Incoming
balance
resources
2025
2025
£
£		 -
-
-
-
-
-
-
-
-
-
Outgoing
resources
2025
£		 5,760
-
-
5,760
5,760
-
-
5,760
-
-
Transfers
in the year
2025
£		 7,383
-
-
7,383
5,172
809
-
5,981
1,402
2,211
2025
£
2,051
1,247
3,298
2025
£
64,891
25,000
25,000
-
114,891
2025
£
7,219
2,040
9,259
Gains and
losses
2025
£		 23,329
-
(3,468)
19,861
20,612
999
(3,468)
18,143
1,718
2,718
2024
£
4,071
1,951
6,022
2024
£
95,761
-
-
-
95,761
2024
£
5,328
1,920
7,248
Closing
balance
2025
£
-
12,544
12,544
82,641
95,185		 -
68
68
113,661
113,728		 (9,664)
(25)
(9,689)
(89,449)
(99,138)		 11,367
-
11,367
(11,367)
-		 -
-
-
-
-		 1,703
12,587
14,290
95,486
109,776

Page 13

FIELDS CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2025

Restricted Funds
Eswatini Fund
FIND
Suffolk Youth / The Hive
Guest speaker gifts
Café
Care Fund
Bal Krishna India fund
Tearfund fundraising
Kaleidoscope (Ladies ministry)
Valour - Mens Conference
Support fund - Cox family
Beehive Project
Other restricted funds
Aggregate of funds		 135
-
71
-
-
1,000
-
312
500
50
-
-
-
2,068
97,253		 881
50
-
152
10
1,500
10
210
-
-
-
740
-
3,553
117,281		 (921)
-
(71)
(152)
(10)
(1,831)
-
(522)
(500)
-
-
(740)
-
(4,747)
(103,885)		 -
-
-
-
-
-
-
-
-
-
-
-
-
-		 -
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 95
50
-
-
-
669
10
-
-
50
-
-
-
874
110,649

Analysis of net assets by fund

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

Fixed assets
Stock and debtors
Cash at bank and in hand
Current liabilities		 Unrestricte Designated
funds
£
d Funds		 Restricted
funds
£		 2025
£
General
funds
£
1,718 - - 1,718
3,298 - - 3,298
99,727 14,290 874 114,891
(9,259) - - (9,259)
95,485 14,290 874 110,649

Fund Transfers

The General Fund has made transfers into the restricted funds to cover any excess expenditure in 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		 Opening
balance
2024
£
-
12,406
12,406
82,127
94,533		 Incoming
resources
2024
£
-
138
138
95,707
95,845		 Outgoing
resources
2024
£
(11,464)
-
(11,464)
(83,729)
(95,193)		 Transfers
in the year
2024
£
11,464
-
11,464
(11,464)
-		 Gains and
losses
2024
£
-
-
-
-
-		 Closing
balance
2024
£
-
12,544
12,544
82,641
95,185

Page 14

FIELDS CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 AUGUST 2025

Restricted Funds
Eswatini (Prev. Swaziland Funds)
FIND
Suffolk Youth / The Hive
Guest speaker gifts
Care Fund
Bal Krishna India fund
Tearfund fundraising
Kaleidoscope (Ladies ministry)
Valour - Mens Conference
Support fund - Cox family
Other restricted funds
Aggregate of funds		 -
-
283
-
-
-
-
-
-
-		 560
1,655
-
170
1,000
-
312
500
50
3,788
-
8,035		 (425)
(1,655)
(212)
(170)
-
-
-
-
-
(3,788)
-
(6,250)		 -
-
-
-
-
-
-
-
-
-		 -
-
-
-
-
-
-
-
-
-		 135
-
71
-
1,000
-
312
500
50
-
-
283 2,068
94,816 103,880 (101,443) - - 97,253

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		 Unrestricted Designated
funds
£
-
-
12,544
-
12,544
Funds		 Restricted
funds
£
-
-
2,068
-
2,068		 2024
£
2,718
6,022
95,761
(7,248)
General
funds
£
2,718
6,022
81,149
(7,248)
82,641
97,253

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 Eswatini Fund (previously known as 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 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.

Tearfund fundraising relates to monies raised via an annual Quiz Night held on behalf of Tear fund

Kaleidoscope (Ladies ministry) relates to gifts given by church members to assist in the running a church ladies group

Valour - Mens Conference relates to gifts given by church members to assist those on low income to attend the annual Bradford conference Support fund - Cox family relates to gifts given by church members to assist the family of a member of the church who passed away Beehive Project - to support the work of overseas missionaries in Kenya

12 Transactions with related parties

During the year the charity:

b) During the year, no payments have been made to trustees for services provided. Any expenses paid to trustees relate to reimbursement for expenses incurred on behalf of the charity as employees or volunteers and do not relate to trustee duties or contain any profit element. (2024: £NIL)

13 Members

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

Page 15

FIELDS CHURCH

DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES

FOR THE YEAR ENDED 31 AUGUST 2025

Note
INCOME AND ENDOWMENTS FROM:
Donations and legacies
3
Investments
4
Total income and endowments
EXPENDITURE ON:
Charitable activities:
5
TOTAL EXPENDITURE
Net income/(expenditure)
Transfers between funds
11
Other recognised gains/(losses):
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
11		 2025
2024
£
£
113,661
95,704
-
4
113,661
95,707
89,449
83,729
89,449
83,729
24,212
11,978
(11,367)
(11,464)
12,845
514
12,845
514
82,640
82,127
95,485
82,640
Unrestricted Funds - General		 2025
2024
£
£
Unrestricted Funds - Designated		 2025
2024
£
£
Unrestricted Funds - Designated		 2025
2024
£
£
3,553
8,035
-
-
Restricted Funds		 2025
2024
£
£
3,553
8,035
-
-
Restricted Funds		 Total
Funds
2025
£
117,281
-		 Total
Funds
2024
£
103,876
4
113,661
-		 68 138
113,661 68 138 3,553 8,035 117,281 103,880
89,449 9,689 11,464 4,747 6,250 103,885
101,443
89,449 9,689 11,464 4,747 6,250 103,885 101,443
24,212 (9,622) (11,326) (1,195) 1,785 13,396 2,437
(11,367) 11,367 11,464 - - - -
12,845 1,746 138 (1,195) 1,785 13,396 2,437
12,845 138 (1,195) 1,785 13,396 2,437
2,068
874		 283
2,068		 97,253
110,649		 94,816
82,640
95,485		 - 12,406
12,545
97,253

Differences of £1 may appear due to rounding

Page 16