Fieldsdene Trust 50 Waun-Y-Groes Avenue Cardiff CF14 4SZ
2 7 February 2026
Our ref: F0143L/EG/JM
Dear The Trustees,
FINAL ACCOUNTS
I am pleased to enclose the following:
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Minutes for the Annual General Meeting
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Full Accounts for the year ended 30 September 2025
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Management letter
Please can R J Powezka and J D Capper as the nominated Trustees sign these documents.
FEE
Our VAT invoice is being sent in a separate email, please pay the balance outstanding on your account of £7,800.00.
Yours sincerely
Ed Gooderham
FIELDSDENE TRUST
Minutes of the Annual General Meeting of the Trust held at 50 Waun-Y-Groes Avenue, Cardiff, CF14 4SZ.
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Present J D Capper E M Capper H J Capper R J Powezka
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Minutes The previous minutes were signed and agreed. Accounts The accounts for the year ended 30/09/2025 were read and adopted. These showed Net Expenditure for the year of £39,162. There were no Trustees’ Emoluments in the year.
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Accountants Green & Company, having signified their willingness, were re-elected as reporting accountants to the Company in accordance with the Companies Act 1985.
Any other There being no further business the meeting was closed. business …………………………… J D Capper (Trustee)
09/03/2026 Date:
REGISTERED CHARITY NUMBER: 1139397
REPORT OF THE TRUSTEES AND
AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2025
FOR
FIELDSDENE TRUST
Green & Co Accountants and Tax Advisors Pembroke House Llantarnam Park Way Cwmbran Torfaen NP44 3AU
FIELDSDENE TRUST
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2025
| Page | |
|---|---|
| Report of the Trustees | 1 to 4 |
| Report of the Independent Auditors | 5 to 8 |
| Statement of Financial Activities | 9 |
| Balance Sheet | 10 |
| Notes to the Financial Statements | 11 to 18 |
| Detailed Statement of Financial Activities | 19 |
FIELDSDENE TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH SEPTEMBER 2025
The trustees present their report with the financial statements of the charity for the year ended 30th September 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
Fieldsdene Trust supports evangelical Christian charities and affiliated workers through regular grants to existing beneficiaries, together with occasional one-off grants. The Trust has a particular interest in Wales without being limited to Wales.
Significant activities
The charity does not carry out any significant fundraising activities.
Public benefit
The trustees of Fieldsdene Trust can confirm that they have complied with the duty in Section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission.
Grantmaking
The trustees allocate two thirds of income for grants by monthly standing orders. The majority are for the support of people who have dedicated themselves to Christian service in association with a UK charity. Regular grants for the support of named people are only made when one or more of the trustees believe from their knowledge and experience that the objectives of the trust are being met.
Other standing orders are to advance the Christian faith through student or graduate ministry, scripture distribution, education and training. The organisations involved are also known to one or more of the trustees.
One third of income is available for one-off grants. The same criteria are applied as for regular grants. These grants are decided at trustee meetings held three times a year.
ACHIEVEMENTS AND PERFORMANCE
Investment performance
At 30 September 2025 the combined cost of investments was £3,591,517 and was valued at £5,384,438. CCLA Fund Managers Limited were the investment managers throughout the current and prior year.
FINANCIAL REVIEW
Financial position
The financial results are shown in the following pages. Total income for the year was £404,354 (2024 - £161.871) and total expenditure was £170,800 (2024 - £148,226).
The net loss on investments in the year was £272,716 (2024 - net gain £548,906).
Page 1
FIELDSDENE TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH SEPTEMBER 2025
FINANCIAL REVIEW
Investment policy and objectives
The trustees seek a spread of investments yielding long term real growth in capital and medium-term real growth in income.
The trustees accept that the objectives of the growing capital and income imply a degree of risk in the investment portfolio. Since the grant policy of the trustees is out of trust income the short to medium term capital value of the portfolio may fluctuate.
The trustees choose to avoid investments that would be deemed to be inimical to the main object of the trust.
Reserves policy
The trustees seek to maintain a balance on deposit with the Investment Managers of at least 4 months regular donations to ensure that commitments can be met should contingencies occur. After providing for the required reserves, the trustees aim to ensure that expenditure approximates to the standard income of the charity.
At 30 September 2025 the charity's total funds amounted to £5,704,312. All of the funds of the charity are unrestricted. Of this, £5,384,438 relates to fixed asset investments, leaving free reserves of £319,874. The trustees are satisfied with the level of reserves held.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Fieldsdene Trust is constituted as a charitable trust whose governing document is its Trust Deed dated 14 October 2010. It is registered with the Charity Commissioners under charity number 1139397.
All decisions are made by the trustees as and when required.
Recruitment and appointment of new trustees
A new trustee or new trustees may be appointed at any time (either by way of replacement or addition) but so that the total number of trustees shall at no time exceed six.
Organisational structure
The Fieldsdene Trust is managed by its trustees, there are no employees of the Trust.
Induction and training of new trustees
There is no formal induction programme for new trustees, but new members are fully integrated into the running of the trust immediately on appointment.
Risk management
The trustees have considered the major risks of the Trust and are satisfied that the risks are being managed adequately.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1139397
Page 2
FIELDSDENE TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH SEPTEMBER 2025
Principal address
50 Waun-Y-Groes Avenue Cardiff CF14 4SZ
Trustees
J D Capper Trustee E M Capper Trustee H J Capper Trustee R J Powezka Chair
Auditors
Green & Co Accountants and Tax Advisors Pembroke House Llantarnam Park Way Cwmbran Torfaen NP44 3AU
Solicitors
Geldards LLP Cardiff CF10 3ZF
Bankers
HSBC Cardiff CF72 8AP
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees 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. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
Under charity law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
Page 3
FIELDSDENE TRUST
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH SEPTEMBER 2025
STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to 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.
Approved by order of the board of trustees on 25th February 2026 and signed on its behalf by:
R J Powezka - Trustee
Page 4
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF FIELDSDENE TRUST
Opinion
We have audited the financial statements of Fieldsdene Trust (the 'charity') for the year ended 30th September 2025 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
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give a true and fair view of the state of the charity's affairs as at 30th September 2025 and of its incoming resources and application of resources, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other matters
We were unable to obtain audit evidence regarding Grants paid to Institutions in the form of correspondence to confirm the grant was received by the recipient and confirmation of the grant value.
We were only able to confirm the transaction being paid from the bank, along with confirmation of whom the grant was paid too.
Page 5
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF FIELDSDENE TRUST
Other information
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Matters on which we are required to report by exception
Arising solely from the other matters, referred to above:
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sufficient accounting records have not been kept.
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we have not received all the information and explanations we require for our audit.
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:
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the information given in the Report of the Trustees is inconsistent in any material respect with the financial statements; or
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the financial statements are not in agreement with the accounting records and returns.
Responsibilities of trustees
As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
Page 6
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF FIELDSDENE TRUST
Our responsibilities for the audit of the financial statements
We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
- Enquiry of management and those charged with governance around actual and potential litigation and claims
as actual, suspected and alleged fraud;
- Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on
the financial statements or the operations of the entity through enquiry and inspection;
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Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;
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Performing audit work over the risk of management bias and override of controls, including testing of journal
entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions
outside the normal course of business and reviewing accounting estimates or indicators of potential bias.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
Other matters which we are required to address
The comparative figures for the financial year are unaudited as the company was exempt from audit under Charities Act 2011 for the year ended 30 September 2024.
Page 7
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF FIELDSDENE TRUST
Use of our report
This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.
Green & Co Accountants and Tax Advisors Pembroke House Llantarnam Park Way Cwmbran Torfaen NP44 3AU
25th February 2026
Page 8
FIELDSDENE TRUST
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH SEPTEMBER 2025
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Investment income 3 Total EXPENDITURE ON Charitable activities 4 Advancement of Christian religion Net gains/(losses) on investments NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2025 Unrestricted fund £ 240,441 163,913 404,354 170,800 (272,716) (39,162) 5,743,474 5,704,312 |
2024 Total funds £ - 161,871 |
|---|---|---|
| 161,871 | ||
| 148,226 | ||
| 548,906 | ||
| 562,551 5,180,923 |
||
| 5,743,474 |
The notes form part of these financial statements
Page 9
FIELDSDENE TRUST
BALANCE SHEET 30TH SEPTEMBER 2025
| Notes FIXED ASSETS Investments 9 CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 10 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 11 Unrestricted funds TOTAL FUNDS |
2025 2024 Unrestricted Total fund funds £ £ 5,384,438 5,657,154 327,724 87,186 (7,850) (866) 319,874 86,320 5,704,312 5,743,474 5,704,312 5,743,474 5,704,312 5,743,474 5,704,312 5,743,474 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 25th February 2026 and were signed on its behalf by:
R J Powezka - Trustee
J D Capper - Trustee
The notes form part of these financial statements
Page 10
FIELDSDENE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
The presentation currency of the financial statements is Pound Sterling (£) and rounded to the nearest pound.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
This includes capital grants.
Donations and legacies income includes donations, gifts and grants that provide core funding or are of a general nature are recognised where there is entitlement, probability of receipt and the amount can be measured with sufficient reliability. Such income is only deferred when the donor specifies it must be used in future accounting periods or the donor has imposed conditions which must be met before the charity has unconditional entitlement.
Investment income is recognised on a receivable basis.
It is not the policy of the charity to show income net of expenditure.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature to support them.
Support costs are those costs that, whilst necessary to deliver an activity, do not themselves produce or constitute the output of the charitable activity. This includes governance costs which are those costs associated with meeting the constitutional and statutory requirements of the charity and include the accountancy fees and costs linked to the strategic management of the charity.
Page 11
FIELDSDENE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH SEPTEMBER 2025
1. ACCOUNTING POLICIES - continued
Expenditure
Expenditure includes VAT as the charity is not VAT registered.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Investments
Investments are included at market value at the balance sheet date. Realised and unrealised gains or losses on investments are shown separately on the face of the statement of financial activities.
Investment income is recognised on a receivable basis.
Basis of recognition of liabilities
Liabilities are recognised as soon as there is a legal or constructive obligation which commits the charity to the expenditure.
Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
Trade and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid.
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Page 12
FIELDSDENE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH SEPTEMBER 2025
| 2. DONATIONS AND LEGACIES Legacies 3. INVESTMENT INCOME Dividend income Deposit account interest 4. CHARITABLE ACTIVITIES COSTS Advancement of Christian religion 5. GRANTS PAYABLE Advancement of Christian religion |
Grant funding of activities (see note 5) £ 162,481 |
2025 £ 240,441 2025 £ 160,959 2,954 163,913 Support costs £ 8,319 2025 £ 162,481 |
2024 £ - |
|---|---|---|---|
| 2024 £ 160,044 1,827 |
|||
| 161,871 | |||
| Totals £ 170,800 |
|||
| 2024 £ 147,077 |
Page 13
FIELDSDENE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH SEPTEMBER 2025
5. GRANTS PAYABLE - continued
Grants paid to institutions during the year were as follows:
| Aberystwyth Student Christian Union | 500 | 750 |
|---|---|---|
| Ambassadors football | 2,628 | 1,060 |
| Bethel Evangelical | 2,000 | - |
| Bible Society No 1 | 1,500 | - |
| Blaina Evangelical | 3,000 | - |
| Childs Hill Baptist | - | 5,000 |
| Church Mission Society | 2,000 | - |
| Ebenezer Baptist Church | 5,000 | - |
| European Christian Mission | 3,552 | - |
| Evangelical Alliance | 1,500 | - |
| Ffynnon Llandysul | - | 5,000 |
| France Mission Trust | 2,820 | 2,736 |
| Friends International | 2,000 | - |
| Gateway Church CAE | 1,000 | 2,000 |
| Good news for everyone! | 6,204 | 6,012 |
| Grace Baptist Mission CIO | 1,968 | 1,908 |
| Grace Rural Partners | 5,000 | - |
| Grace Rural Wales Partnership - Y GRWP | 3,552 | 3,444 |
| Hebron Evangelical | - | 2,000 |
| Hope Pembrokeshire | - | 1,500 |
| IFES Trust General Fund | 15,276 | 14,820 |
| Impact Giving UK | - | 5,000 |
| Impact Giving UK Trust | 1,968 | 1,908 |
| Lampeter Evangelical | 1,000 | - |
| OMF International | 3,000 | - |
| OMF International (UK) | 10,519 | 10,191 |
| Operation Mobilisation | 2,820 | 2,736 |
| Parish of Pontypridd | 1,968 | 795 |
| Pioneers UK Ministries | 1,968 | 3,908 |
| Pontypridd Christian | 3,000 | - |
| Pontypridd Christian Concern | 1,968 | 1,908 |
| SIM International (UK) | 3,552 | 3,444 |
| Stewardship | 5,168 | 2,500 |
| The Foundations Trust | - | 5,000 |
| The George Muller Charitable Trust | 3,256 | 3,444 |
| Universities and Colleges Christian Fellowship | 23,664 | 22,806 |
| UFM Worldwide | 1,968 | 1,908 |
| Union School of Theology | 5,160 | 8,982 |
| Wales Leadership Forum | 8,000 | 11,640 |
| WEC UK | 15,000 | - |
| Wycliffe Bible Translators Ltd | 6,377 | 6,189 |
| Yr Eglwys E Gym | 2,628 | 2,544 |
| 162,481 | 147,077 | |
Page 14
FIELDSDENE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH SEPTEMBER 2025
6. AUDITORS' REMUNERATION
| AUDITORS' REMUNERATION | |||
|---|---|---|---|
| 2025 | 2024 | ||
| £ | £ | ||
| Fees payable to the charity's auditors for the audit of the charity's | |||
| financial statements | 7,800 | - |
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30th September 2025 nor for the year ended 30th September 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30th September 2025 nor for the year ended 30th September 2024.
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM Investment income EXPENDITURE ON Charitable activities Advancement of Christian religion Net gains on investments NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricte fund £ 161,871 148,226 548,906 562,551 5,180,923 5,743,474 |
|---|---|
Page 15
FIELDSDENE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH SEPTEMBER 2025
9. FIXED ASSET INVESTMENTS
| MARKET VALUE At 1st October 2024 Revaluations At 30th September 2025 NET BOOK VALUE At 30th September 2025 At 30th September 2024 There were no investment assets outside the UK. Cost or valuation at 30th September 2025 is represented by: Valuation in 2025 |
Listed investment £ 5,657,154 (272,716) 5,384,438 5,384,438 5,657,154 Listed investment £ 5,384,438 2024 £ 5,567,15 4 2024 £ ,591,517 |
||
|---|---|---|---|
| Fixed asset investments comprise: | 2025 | ||
| £ | |||
| Listed investments - CCLA Charities Ethical Investment Fund | 5,384,43 8 |
||
| 2025 | |||
| £ | |||
| Historical cost of investments | ,591,517 | ||
| All investments are held primarily to provide an investment return for the charity. |
Page 16
FIELDSDENE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH SEPTEMBER 2025
10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Accrued expenses 11. MOVEMENT IN FUNDS At 1.10.24 £ Unrestricted funds General fund 5,743,474 TOTAL FUNDS 5,743,474 Net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 404,354 (170,800) TOTAL FUNDS 404,354 (170,800) Comparatives for movement in funds At 1.10.23 £ Unrestricted funds General fund 5,180,923 TOTAL FUNDS 5,180,923 |
2025 £ 7,850 Net movement in funds £ (39,162) (39,162) Gains and losses £ (272,716) (272,716) Net movement in funds £ 562,551 562,551 |
2024 £ 866 At 30.9.25 £ 5,704,312 5,704,312 Movement in funds £ (39,162) (39,162) At 30.9.24 £ 5,743,474 5,743,474 |
|---|---|---|
Page 17
FIELDSDENE TRUST
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH SEPTEMBER 2025
11. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming Resources Gains and Movement resources expended losses in funds £ £ £ £ 161,871 (148,226) 548,906 562,551 161,871 (148,226) 548,906 562,551 |
|---|---|
12. RELATED PARTY DISCLOSURES
Legacies income includes £240,441 received during the year from a related party of all trustees (2024 : £nil).
13. FINANCIAL INSTRUMENTS
| 2025 | 2024 | |
|---|---|---|
| Financial assets | £ | £ |
| Financial assets that are debt instruments measured at amortised cost |
327,724 | 87,186 |
| Financial assets measured at fair value | 5,384,438 | 5,657,154 |
| Financial liabilities | ||
| Financial liabilities measured at amortised cost | 7,850 | 866 |
Financial assets measured at amortised cost comprise cash at bank, and financial assets measured at fair value comprise fixed asset investments.
Financial liabilities measured at amortised cost comprise accruals.
Page 18
FIELDSDENE TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH SEPTEMBER 2025
| INCOME AND ENDOWMENTS Donations and legacies Legacies Investment income Dividend income Deposit account interest Total incoming resources EXPENDITURE Charitable activities Grants to institutions Support costs Finance Bank charges Other Bookkeeping fees Governance costs Auditors' remuneration Independent examination fee Legal fees Total resources expended Net income |
2025 £ 240,441 160,959 2,954 163,913 404,354 162,481 55 228 7,800 - 236 8,036 170,800 233,554 |
2024 £ - 160,044 1,827 |
|---|---|---|
| 161,871 | ||
| 161,871 147,077 59 274 - 816 - |
||
| 816 | ||
| 148,226 | ||
| 13,645 |
This page does not form part of the statutory financial statements
Page 19
Fieldsdene Trust 50 Waun-Y-Groes Avenue Cardiff CF14 4SZ
20 February 2026
Our ref: F0143L/EG/HS
Dear Trustees,
In accordance with our normal practice, we are writing to draw your attention to matters which arose during our audit of the charity’s accounts for the year ended 30 September 2025. It is not meant to be a full and accurate reflection of all weaknesses that may be present in your system.
Our audit procedures include obtaining an understanding of the accounting and internal control systems to assess their adequacy as a basis for the preparation of the financial statements. We do not identify any significant deficiencies in internal control, however, the below are considered sufficient importance to be reported to you in your role as management of the business:
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Correspondence and/or documentation should be retained in respect of Donations made by the Charity in the form of email or letter from the recipient confirming the donation has been received and confirmation of the donation value.
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Internal control process recommended to ensure monies to be received e.g. in the form of Dividends are received and traceable on the Company Bank Account, as expected.
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IT controls recommended to restrict access to documentation e.g. password protecting excel record of cashbook entries from bookkeeper, password protect bank statements and regularly change/update passwords to minimise security threats and unauthorised access.
We have complied with the Financial Reporting Council’s Ethical Standard and all threats to our independence, as identified to you, have been properly addressed through appropriate safeguards. No additional facts or matters have arisen during the course of the audit that we wish to draw to your attention, and we confirm that we are independent and able to express an objective opinion on the financial statements.
This report has been prepared for the sole use of the trustees of Fieldsdene Trust and must not be shown to third parties without our prior consent. No responsibilities are accepted by Green & Co towards any party acting or refraining from action as a result of this report.
Finally, we would like to express our thanks to all members of the company's staff who assisted us in carrying out our work.
If we can be of any further assistance, please contact Mr E Gooderham, engagement partner.
Yours sincerely,
Ed Gooderham