FIELDS OF LIFE TRUST
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 JUNE 2025
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|||||||||
|---|---|---|---|---|---|---|---|
|Unrestricted|Restricted|Total|Total|
|funds|funds|funds|funds|
|Note|2025|2025|2025|2024|
|£|£|£|£|
|Income|from:|
|Donations|and|legacies|3|478,972|1,608,690|2,087,662|2,259,299|
|Charitable|activities|4|62,561|157,360|219,921|102,847|
|Other income|is)|3,519|-|3,519|4,367|
|Total income|545,052|1,766,050|2,311,102|2,366,513|
|Expenditure|on:|
|Raising funds|6|362,573|-|362,573|338,252|
|Charitable|activities|7|363,789|1,640,231|2,004,020|2,064,687|
|Other expenditure|9|9,987|.|9,987|7,944|
|Total expenditure|736,349|1,640,231|2,376,580|2,410,883|
|Net (expenditure)/income|(191,297)|125,819|(65,478)|(44,370)|
|Transfers|between|funds|17|178,652|(178,652)|-|-|
|Net movement in funds|(12,645)|(52,833)|(65,478)|(44,370)|
|Reconciliation|of funds:|
|Total funds|brought forward|300,494|802,301|1,102,795|1,147,165|
|Net movement|in funds|(12,645)|(52,833)|(65,478)|(44,370)|
|Total funds|carried forward|287,849|749,468|1,037,317|1,102,795|
----- End of picture text -----
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 19 to 35 form part of these financial statements.
Page 16
FIELDS OF LIFE TRUST (A company limited by guarantee) REGISTERED NUMBER: NI030695
BALANCE SHEET AS AT 30 JUNE 2025
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||||||||
|---|---|---|---|---|---|---|
|2025|2024|
|Note|£|£|
|Fixed|assets|
|Current|assets|
|Debtors|13|63,896|56,759|
|Cash|at bank|and|in|hand|1,003,334|1,083,611|
|1,067,230|1,140,370|
|Current|liabilities|
|Creditors:|amounts|falling|due|within|one|
|year|14|(29,913)|(32,575)|
|Net current|assets|1,037,317|1,107,795|
|Total|assets|less current|liabilities|1,037,317|1,107,795|
|Creditors:|amounts|falling|due|after|more|
|than|one year|15|”|(5,000)|
|Net assets|excluding|pension|asset|1,037,317|1,102,795|
|Total|net assets|1,037,317|1,102,795|
|Charity funds|
|Restricted funds|17|749,468|802,301|
|Unrestricted|funds|17|287,849|300, 494|
|Total funds|1,037,317|1,102,795|
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The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees on 11 February 2026 and signed on their behalf by: Dead PMeean
——
David Brian Thompson
(Trustee)
The notes on pages 19 to 35 form part of these financial statements.
Page 17
FIELDS OF LIFE TRUST
(A company limited by guarantee)
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 30 JUNE 2025
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|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|2025|2024|
|£|£|
|Cash|flows|from|operating|activities|
|Net cash|used|in operating|activities|(83,796)|(23,239)|
|Cash flows from|investing|activities|
|Dividends,|interests|and|rents|from|investments|3,519|4,367|
|Net cash|provided|by|investing|activities|3,519|4,367|
|Cash|flows from|financing|activities|
|Net cash|provided|by financing|activities|-|-|
|Change|in|cash|and|cash|equivalents|in|the year|(80,277)|(18,872)|
|Cash|and|cash|equivalents|at the|beginning|of the year|1,083,611|1,102,483|
|Cash|and|cash|equivalents|at the end|of the|year|1,003,334|1,083,611|
|The|notes|on|pages|19|to|35|form|part|of these|financial|statements|
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Page 18
FIELDS OF LIFE TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
- General information
Fields of Life Trust is a charitable company limited by guarantee, incorporated in Northern Ireland under company registration number NI030695. It is a registered charity with the Charity Commission in Northern Ireland under number 104839.
The charitable company's registered office is situated at House of Vic Ryn, Rathdown Road, Lisburn, BT28 2RE.
The principal activities of the company is; (1) To relieve and prevent poverty for people in Africa and elsewhere in the developing world. (2) To advance education for people in Africa and elsewhere in the developing world. (3) To relieve sickness and promote health for people in Africa and elsewhere in the developing world including providing sources of clean drinking water. (4) To advance the Christian Faith through education and training for people in Africa and elsewhere in the developing world.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2008.
Fields of Life Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Income All income is recognised once the Company has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Company has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Company, can be reliably measured.
Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.
Page 19
FIELDS OF LIFE TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
2. Accounting policies (continued)
2.3 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources, Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on raising funds includes all expenditure incurred by the Company to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Company's objectives, as well as any associated support costs.
Expenditure on governance costs includes all expenditure associated with the strategic management and administration of the Company.
All expenditure is inclusive of irrecoverable VAT.
- 2.4 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
2.5 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
2.6 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
2.7 Financial instruments The Company 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 with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
2.8 Operating leases
Rentals paid under operating leases are charged to the Statement of financial activities on a straightline basis over the lease term.
Page 20
FIELDS OF LIFE TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
2. Accounting policies (continued)
2.9 Pensions
The Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Company to the fund in respect of the year.
2.10 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 Company and which have not been designated for other purposes,
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
- Income from donations and legacies
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2025 | 2025 | 2025 | |
| Donations | £ | £ | £ |
| Child Sponsorship | - | 506,304 | 506,304 |
| Teams | - | 57,971 | 57,971 |
| IndividualGiving | 226,867 | 162,074 | 388,941 |
| Trusts& Foundations | 85,000 | 594,562 | 679,562 |
| Department ofForeign Affairs&Trade (DFAT)* | - | 169,000 | 169,000 |
| Church/Team projects | 3,000 | 118,779 | 121,779 |
| Donations total | 314,867 | 1,608,690 | 1,923,557 |
| Legacies Gift-aid |
11,425 152,680 |
- - |
11,425 152,680 |
| Subtotal | 164,105 | - | 164,105 |
| 478,972 | 1,608,690 | 2,087,662 |
*This is a €200,000 (2024: €200,000) grant received through Irish Aid for the "I am Girl" project.
Page 21
FIELDS OF LIFE TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
3. Income from donations and legacies (continued)
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2024 | 2024 | 2024 | |
| £ | £ | £ | |
| Donations | |||
| Child Sponsorship | - | 503,184 | 503,184 |
| Teams | 1,080 | 127,247 | 128,327 |
| Individual Giving | 182,173 | 262,907 | 445,080 |
| Trusts & Foundations | 175,500 | 565,311 | 730,811 |
| Department ofForeign Affairs &Trade (DFAT)* | - | 173,200 | 173,200 |
| Church/Team projects | 5,000 | 140,757 | 145,757 |
| Donations total | 363,753 | 1,762,606 | 2,126,359 |
| Gift-aid | 132,941 | - | 132,941 |
| Subtotal | 132,947 | - | 132,941 |
| 496,694 | 1,762,606 | 2,259,300 |
4, Income from charitable activities
| Unrestricted | Restricted | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2025 | 2025 | 2025 | |||
| £ | £ | £ | |||
| Events | - | 155,365 | 155,365 | ||
| CharityShop | Shop | income | 62,561 | 1,995 | 64,556 |
| 62,561 | 157,360 | 219,921 | |||
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| 2024 | 2024 | 2024 | |||
| £ | £ | £ | |||
| Events | - | 53,845 | 53,845 | ||
| Charity | Shop | income | 48,386 | 616 | 49,002 |
| 48,386 | 54,461 | 102,847 |
Page 22
FIELDS OF LIFE TRUST (A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
4. income from charitable activities (continued)
5. Other incoming resources
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----- Start of picture text -----
||||||
|---|---|---|---|---|
|Unrestricted|Total|
|funds|funds|
|2025|2025|
|£|£|
|Bank|interest|3,519|3,519|
|Unrestricted|Total|
|funds|funds|
|2024|2024|
|£|£|
|Bank|interest|4,367|4,367|
|6.|Expenditure|on|raising|funds|
|Costs|of raising|voluntary|income|
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|||||||
|---|---|---|---|---|---|
|Unrestricted|Total|
|funds|funds|
|2025|2025|
|£|£|
|Fundraising|costs|39,162|39,162|
|Charity shop costs|20,459|20,459|
|Direct costs|(see|note|8)|280,394|280,394|
|Charity shop|- wages &|salaries|22,558|22,558|
|362,573|362,573|
----- End of picture text -----
Page 23
FIELDS OF LIFE TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
6. Expenditure on raising funds (continued)
Costs of raising voluntary income (continued)
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| 2024 | 2024 | |
| £ | £ | |
| Fundraising costs | 20,746 | 20,746 |
| Charityshop costs | 35,689 | 35,689 |
| Direct costs (see note 8) | 259,936 | 259,936 |
| Charity shop -wages & salaries | 21,887 | 21,881 |
| 338,252 | 338,252 |
7. Analysis of expenditure on charitable activities
Summary by fund type
| Unrestricted | Restricted | ||
|---|---|---|---|
| funds | funds | Total | |
| 2025 | 2025 | 2025 | |
| £ | £ | £ | |
| Quality Education | - | 927,873 | 927,873 |
| Resilience & Livelihoods | - | 63,323 | 63,323 |
| Health &Wellbeing | - | 580,019 | 580,019 |
| General /Other | 17,724 | - | 17,724 |
| Teams | 262 | 69,016 | 69,278 |
| Direct costs (see note 8) | 201,154 | - | 201,154 |
| Governance costs (see note 8) | 144,649 | - | 144,649 |
| 363,789 | 1,640,231 | 2,004,020 |
Page 24
FIELDS OF LIFE TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
7. Analysis of expenditure on charitable activities (continued)
Summary by fund type (continued)
| Unrestricted | Restricted | ||
|---|---|---|---|
| funds | funds | Total | |
| 2024 | 2024 | 2024 | |
| £ | £ | £ | |
| Quality Education | 464 | 961,645 | 962,109 |
| Resilience & Livelihoods | - | 151,741 | 151,741 |
| Health &Wellbeing | - | 519,251 | 519,251 |
| General / Other | 6,490 | - | 6,490 |
| Teams | 3,165 | 97,902 | 101,067 |
| Direct costs (see note 8) | 186,902 | - | 186,902 |
| Governancecosts (see note 8) | 137,127 | - | 137,127 |
| 334,148 | 1,730,539 | 2,064,687 |
- Analysis of direct costs
| Raising | Charitable | Governance | Total | |
|---|---|---|---|---|
| Funds 2025 |
Activity 2025 |
costs 2025 |
funds 2025 |
|
| £ | £ | £ | £ | |
| Staffcosts | 184,002 | 138,001 | 138,001 | 460,004 |
| Other staffcosts | 10,704 | 7,013 | 738 | 18,455 |
| Printing, postage & stationery | 8,991 | 5,891 | 620 | 15,502 |
| Office rent | 17,590 | 11,525 | 4,213 | 30,328 |
| Utilities - electricity | 648 | 424 | 45 | 1,117 |
| Utilities -telephone | 589 | 386 | 41 | 1,016 |
| Utilities - internet/IT | 17,072 | 11,185 | 1,177 | 29,434 |
| Equipment | 4,158 | 2,724 | 287 | 7,169 |
| Utilities -vehicles | 2,962 | 1,941 | 204 | 5,107 |
| Insurance | 16,626 | 10,893 | 1,147 | 28,666 |
| Professional fees | 17,052 | 11,171 | 1,176 | 29,399 |
| 280,394 | 201,154 | 144,649 | 626,197 |
Page 25
FIELDS OF LIFE TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
| Raising | Charitable | Governance | Total | ||
|---|---|---|---|---|---|
| Funds | Activity | costs | funds | ||
| 2024 | 2024 | 2024 | 2024 | ||
| £ | £ | £ | £ | ||
| Staffcosts | 175,030 | 131,274 | 131,273 | 437,577 | |
| Other staffcosts | 19,213 | 12,588 | 1,325 | 33,126 | |
| Printing, postage & stationery | 9,843 | 6,449 | 679 | 16,971 | |
| Office rent | 15,612 | 10,229 | 1,077 | 26,918 | |
| Utilities - electricity | 1,210 | 793 | 83 | 2,086 | |
| Utilities -telephone | 618 | 405 | 43 | 1,066 | |
| Utilities - internet/IT | 7,943 | 5,204 | 548 | 13,695 | |
| Equipment | 1,165 | 763 | 80 | 2,008 | |
| Utilities -vehicles | 2,933 | 1,921 | 202 | 5,056 | |
| Insurance | 12,893 | 8,447 | 889 | 22,229 | |
| Professional fees | 13,476 | 8,829 | 928 | 23,233 | |
| 259,936 | 186,902 | 137,127 | 583,965 | ||
| 9. | Otherexpenditure | ||||
| Unrestricted | Total | ||||
| funds | funds | ||||
| 2025 | 2025 | ||||
| £ | £ | ||||
| Bank charges | 9,987 | 9,987 | |||
| Unrestricted | Total | ||||
| funds | funds | ||||
| 2024 | 2024 | ||||
| £ | £ | ||||
| Bank charges | 7,944 | 7,944 | |||
| 10. | Auditors’ remuneration | ||||
| 2025 | 2024 | ||||
| £ | £ | ||||
| Fees payable to the Company's auditorforthe auditofthe Company's annualaccounts |
5,520 | 5,304 |
Page 26
(A company limited by guarantee)
FIELDS OF LIFE TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
11. Staff costs
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Wagesand salaries | 403,983 | 390,887 |
| Social security costs | 31,892 | 33,469 |
| Contribution todefined contribution pension schemes | 46,688 | 35,102 |
| 482,563 | 459,458 |
The average number of persons employed by the Company during the year was as follows:
| 2025 | 2024 | |
|---|---|---|
| No. | No. | |
| Employees | 12 | 14 |
| The number of employees whose employee benefits (excluding employer pension costs) £60,000was: |
exceeded |
| 2025 | 2024 | ||||||
|---|---|---|---|---|---|---|---|
| No. | No. | ||||||
| In | the | band | £70,001 | - | £80,000 | 1 | 1 |
Remuneration received by the Company's key management personnel amounted to £147,551 (2024: £135,761)
12. Trustees' remuneration and expenses
During the year ended 30 June 2025, no Trustees received any remuneration or other benefits (2024 - ENIL).
During the year ended 30 June 2025, two International Trustees received travel expenses of £1,841 {ENil) for attending a Board meeting away day in Northern Ireland.
13. Debtors
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Due within one year | ||
| Otherdebtors | 34,189 | 37,307 |
| Prepayments and accrued income | 29,707 | 19,452 |
| 63,896 | 56,759 |
Page 27
FIELDS OF LIFE TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
14. Creditors: Amounts falling due within one year
==> picture [406 x 85] intentionally omitted <==
----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|2025|2024|
|£|£|
|Other|loans|5,000|10,000|
|Other taxation|and|social|security|7,853|9,766|
|Accruals|and|deferred|income|17,060|12,809|
|29,913|32,575|
----- End of picture text -----
15. Creditors: Amounts falling due after more than one year
==> picture [430 x 136] intentionally omitted <==
----- Start of picture text -----
|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|2025|2024|
|£|£|
|Other|loans|-|5,000|
|16.|Financial|instruments|
|2025|2024|
|£|£|
|Financial|assets|
|Financial|assets|measured|at|fair|value through|income and|expenditure|1,003,334|1,083,611|
----- End of picture text -----
Financial assets measured at fair value through income and expenditure comprise cash & cash equivalents.
Page 28
FIELDS OF LIFE TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
17. Statement of funds
Statement of funds - current year
==> picture [406 x 293] intentionally omitted <==
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|Balance|at|
|Balance|at|1|Transfers|30 June|
|July|2024|income|Expenditure|in/out|2025|
|£|£|£|£|£|
|Unrestricted|funds|
|Charity|Shop|23,854|64,556|(43,017)|(37,195)|8,198|
|General|Funds|276,640|480,496|(693,332)|215,847|279,651|
|300,494|545,052|(736,349)|178,652|287,849|
|Restricted|funds|
|Child|Sponsorship|204,746|506,304|(461,970)|(66,167)|182,913|
|Resilience &|Livelihoods|43,929|74,274|(63,323)|(9,742)|45,138|
|Quality|Education|273,185|387,806|(465,904)|41,902|236,989|
|Health|&|Wellbeing|201,190|734,878|(592,233)|(128,348)|215,487|
|Fundraising|67,084|4,817|-|(8,472)|63,429|
|Teams|12,167|57,971|(56,801)|(7,825)|5,512|
|802,301|1,766,050|(1,640,231)|(178,652)|749,468|
|Total|of funds|1,102,795|2,311,102|(2,376,580)|.|1,037,317|
----- End of picture text -----
Page 29
FIELDS OF LIFE TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
17. Statement of funds (continued)
Statement of funds - prior year
==> picture [406 x 317] intentionally omitted <==
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|Balance|at|
|Balance|at|Transfers|30 June|
|1|July 2023|income|Expenditure|infout|2024|
|£|£|£|£|£|
|Unrestricted|funds|
|Charity|Shop|32,422|49,002|(57,570)|-|23,854|
|General|Funds|422,583|500,444|(622,773)|(23,614)|276,640|
|455,005|549,446|(680,343)|(23,614)|300,494|
|Restricted|funds|
|Child|Sponsorship|270,585|503, 184|(521,023)|(48,000)|204,746|
|Resilience|&|Livelihoods|126,399|80,082|(151,741)|(10,871)|43,929|
|Quality|Education|85,690|508,947|(423, 166)|101,720|273,185|
|Health|&|Wellbeing|125,800|596,626|(519,251)|(1,985)|201,190|
|Fundraising|83,685|987|(17,456)|(132)|67,084|
|Teams|-|127,247|(97,902)|(17,178)|12,167|
|692,159|1,817,067|(1,730,539)|23,614|802,301|
|Total|of funds|1,147,164|2,366,513|(2,410,882)|-|1,102,795|
----- End of picture text -----
Page 30
FIELDS OF LIFE TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
17. Statement of funds (continued)
Child Sponsorship: We believe that the key to sustainable change is to support the holistic development of individual children as well as their broader school community. The sponsorship programme supports partner schools to ensure a safe and quality learning environment for every child, ultimately maximising the impact on the whole community. The Fields of Life Sponsor a Child Programme supports school development initiatives. We equip and empower partner schools to take ownership of their development, provide quality education and work towards a sustainable future.
Resilience & Livelihoods: This priority area focuses on enhancing livelihood resilience for the marginalised and most vulnerable youth/children and women in East Africa. One of the aims is increasing agricultural production and productivity for children, schools and communities.Our Vocational Training Institute in Gulu, Northern Uganda is helping transform this post-conflict area by providing the opportunity of new skills and employment to hundreds of young people. The need for skills-based learning is more important than ever before. There are currently 261 students at this institute but we hope to increase this to 450 students. Our vision is also to provide renewable, green energy to the Vocational Institute; harnessing the suns light to empowerthe next generation of job creators.
Quality Education: Our quality education program concentrates on improving the quality of education in the schools supported by Fields of Life through continuous professional support to the schools, the children, and the communities around the schools.
Health & Wellbeing: This priority area promotes health and wellbeing for the marginalised and most vulnerable children/youth in school and other members of the community in East Africa by increasing access to safe and clean water and improving Menstrual Hygiene Management for adolescent girls through training in making Reusable Menstrual Pads for example.
Fundraising: This fund represents donations received from a specific fundraising event, such as our Water4 life event, or gala ball, which is advertised as restricted for a specific project.
Teams: this represents donations received to help build, complete or support running costs of schools. This money is raised either by a team or individuals and used to carry out specific projects. Fields of Life specify the projects i.e. school builds, teacher accommodation, kitchens or painting of a school. This fund also consists of money raised by teams to cover any expenses incurred during their stay at their chosen project including accommodation, food, and travel to and from the project. 13.5% of every donation (unless otherwise directed by the donor) made to Fields of Life is transferred to general funds to support the operational costs of the charity ‘
18. Summary of funds
Summary of funds - current year
| Balance at | |||||
|---|---|---|---|---|---|
| Balance at 1 July 2024 |
Income | Expenditure | Transfers in/out |
30June 2025 |
|
| £ | £ | £ | £ | £ | |
| General funds | 300,494 | 545,052 | (736,349) | 178,652 | 287,849 |
| Restrictedfunds | 802,301 | 1,766,050 | (1,640,231) | (178,652) | 749,468 |
| 1,102,795 | 2,311,102 | (2,376,580) | - | 1,037,317 |
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FIELDS OF LIFE TRUST
|
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
18. Summary of funds (continued)
Summary of funds - prior year
| Balance at | |||||
|---|---|---|---|---|---|
| Balance at 1 July2023 |
Income | Expenditure | Transfers infout |
30 June 2024 |
|
| £ | £ | £ | £ | £ | |
| General funds | 455,005 | 549,446 | (680,343) | (23,674) | 300,494 |
| Restricted funds | 692,159 | 1,817,067 | (1,730,539) | 23,614 | 802,301 |
| 1,147,164 | 2,366,513 | (2,410,882) | - | 1,102,795 |
19. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Analysis of net assetsnet assetsassets between funds - current yearcurrent yearyear | |||
|---|---|---|---|
| Unrestricted funds |
Restricted funds |
Total funds |
|
| 2025 | 2025 | 2025 | |
| £ | £ | £ | |
| Current assets | 317,762 | 749,468 | 1,067,230 |
| Creditors duewithin one year | (29,911) | - | (29,913) |
| Total | 287 849 | 749,468 | 1,037,317 |
| Analysis ofnetassets betweenfunds- prioryear | |||
| Unrestricted | Restricted | Total | |
| funds | funds | funds | |
| 2024 | 2024 | 2024 | |
| £ | £ | £ | |
| Current assets | 333,069 | 807,301 | 1,140,370 |
| Creditors duewithin oneyear | (32,575) | - | (32,575) |
| Creditorsdue in morethan one year | - | (5,000) | (5,000) |
| Total | 300,494 | 802,301 | 1,102,795 |
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FIELDS OF LIFE TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
20. Reconciliation of net movement in funds to net cash flow from operating activities
==> picture [406 x 133] intentionally omitted <==
----- Start of picture text -----
||||||||||
|---|---|---|---|---|---|---|---|---|
|2025|2024|
|£|£|
|Net expenditure|for the|year|(as|per Statement|of Financial|Activities)|(65,478)|(44,370)|
|Adjustments|for:|
|Dividends,|interests|and|rents|from|investments|(3,519)|(4,367)|
|Decrease/(increase)|in|debtors|(7,137)|38,055|
|Decrease|in|creditors|(7,662)|(12,557)|
|Net cash|used|in|operating|activities|(83,796)|(23,239)|
----- End of picture text -----
21. Analysis of cash and cash equivalents
==> picture [431 x 94] intentionally omitted <==
----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|2025|2024|
|£|£|
|Cash|in|hand|1,003,334|1,083,617|
|Total|cash|and|cash|equivalents|1,003,334|1,083,617|
|22.|Analysis|of changes|in|net debt|
----- End of picture text -----
==> picture [406 x 100] intentionally omitted <==
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|At|1|July|At|30|June|
|2024|Cash|flows|2025|
|£|£|£|
|Cash|at bank|and|in|hand|1,083,611|(80,277)|1,003,334|
|Debt due|within|1|year|(10,000)|5,000|(5,000)|
|Debt due|after|1|year|(5,000)|5,000|-|
|1,068,611|(70,277)|998,334|
----- End of picture text -----
23. Pension commitments
The charitable company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £46,688 (2024: £35,102). At the balance sheet date £7,669 (2024: £3,874) was payable to the fund, which is included within creditors.
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FIELDS OF LIFE TRUST {A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
24. Operating lease commitments
At 30 June 2025 the Company had commitments to make future minimum lease payments under noncancellable operating leases as follows:
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Not laterthan 1 year | 45,199 | 42,380 |
| Laterthan 1 yearand not laterthan 5 years | 82,533 | 121,440 |
| 127,732 | 163,820 |
| The following lease payments have been recognised activities: |
as an expense in the Statement of financial | as an expense in the Statement of financial |
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Operatingleaserentals | 40,480 | 40,000 |
25. Members' liability
Each member of the charitable company undertakes to contribute to the assets of the company in the event of it being wound up while he/she is a member, or within one year after he/she ceases to be a member, such amount as may be required, not exceeding £10 for the debts and liabilities contracted before he/she ceases to be a member.
26. Related party transactions
No Trustee received any remuneration or other benefit from their work with the Charity. Any connection between a Trustee or Senior Management with any organisation the Charity works with must be disclosed to the Board in the same way as any other contractual relationship with the related party.
A separate Company exists in Uganda - Fields of Life East Africa. The company is registered in Uganda as a Company limited by guarantee not having share capital. Their Board consists of local professionals and two international directors.
Fields of Life East Africa receives funds from Fields of Life NI, Fields of Life ROI and Fields of Life USA. Fields of Life NI sent a total of £1,607,366 (2024: £1,695,764) to Fields of Life East Africa during the year.
27. Post balance sheet events
The Trustees confirm that there have been no events since the balance sheet date which materially affect the financial statements.
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FIELDS OF LIFE TRUST
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
28. PAASE disclosure
In common with many other charitable companies of our size and nature, we use our auditors to assist with the preparation of financial statements.
29. Controlling party
The Charity is controlled by the Board of Trustees.
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