A flawed work - needs serious editing
This film focused on some profound themes and had some good acting in it esp. Ben Kingsley whose aggressively-defensive vicar characterised the subjectivity of faith-based religion and belief systems.
One scene discredited the film for myself and some friends (one of whom was a puppeteer and fantasy/folkloric film maker): this was the part where the vicar chops the tree down and burns it. Okay, in fantasy films there has to be some extension of credulity, but when one of the fairies was burnt by the flames (just-felled lumber would never burn btw) and plummeted wailing with a smoke trail behind like a WW2 fighter plane, we could only laugh. Thereafter, the film never regained the highground. It had become risible chiefly because of the carelessness in the scripting/editing of it, and the fairies had become rather silly, vain creatures with moth-like intelligence and zero intuition.
I feel if that scene was given some serious revision, it would stand as a thought-provoking piece of fantasy. Fantasy film, as much as any other category, needs to maintain a measure of conceptual integrity. If this is compromised, then, to reference the film, the reels may as well be thrown onto a bonfire.