CASTLEHOLD BAPMSTCHURCH Registered Address High Street. Newport, Isle of Wight. P030 IBH Registered Chartty No 1133748 Trustees Revd Adrian Redfearn- Minister Gordon Ainger- Secretary Michael Charlton - Deacon David Thornton Revd Nigel Cox- Treasurer Gail Duke Katie Charlton stsff Young Peoples and Childrerf5 Worker: Administrator= Mrjohn Bastin Mr. Isaac Sullivan Property Trustees The Baptist Union Corporation Limited Baptist House 129 Broadway Didcot Oxfordshire OXII 8RT Bankers Natwest plc St. James Square, NewporL I. W. P030 1 UT CAF Bank Ltd. Independent Examlner Mrsjean Porter Annual Report for2021122 The trustees present their Annual Report and financial Statements for the year ended March 312022 Charitable Objert The Charity is governed by an Approved Governing Document which states that the principal purpose of the Church is the advancement of the Christian faith according to the principles of the Baptist denomination. The Church may also advan education and carry out other charitsble purposes in the United Kingdom andlor other parts of the world. The Church occupies premises which are held by the Baptist Union Corporation Ltd as holding trustees. on Trusts which are entirely compatible wwth the above object. Or8anlsatlonal Structure and DetlslOn-Makl Processes Membershi Baptism by immersion upon personal profession of faith 15 the normal mode of entry into the membership of the church. Persons seeking membership who have not been baptised in the manner described may at the discretion of the Church Members, Meeting be accepted for full membership based on their own public profession of faith. Decision Makin Proces5. The members meeti nomialty tskes place six times per year and has responsibility for the overall all policy of the church. In accordan with the Constitution. the
members appoint nine deacons, who together with the Minister. Church Secretsry and Treasurer Iwho are also appointed by the Members), and collertively known as the Diaconate. are responsible for the day to day running of the church's work and witness. and the financial and legal aspects of the charity. All member5 ore encouraged to tske an appropriate part in the spiritual and practical tasks involved in the furtherance of the charitable objective. Relevant matters may be submitted to the Church meeting by the Trustees for guidance. or may be raised by members in Church meeting for further consideration by the Trustees. Though the Constitution permits decÈsions to be made at Church meetinE5 by appropriate majoritie4 the Church seeks to work by consensus wherever possible. Afflliatrons The church is in membership with The Baptist Union of Great Britain The Southern Counties Baptist Association-The Island Baptist Fellowship The Evangelical Allian. Oblertlve5 and Artl¥ltles In order to achieve the principal objective which is set out above, the Church provides a variety of activities both to Its membershlp and to the community generally. The church's focu5 is set out as: "Reachin8 Out to people, enabling them to become followers of Jesu5 Chris The Church hold5 public services of Christian worship on Sunday momings SUPPOrted by a varied music group. There is an artive and busy Sunday school, Girls Bri8ade, parent and toddler group, young people's artivities, men's 8roup. weekfy house 8roups and re8ular Alpha courses. Details of all church activities are available throu8h the church website at www,ca5tlehold.com. Castlehold Baptist Church continues to support the work of Revive Newport. The Church has adopted a safeguarding policy based on the Baptist Union 'Safe to Grow guidance to churches" that all people working wlth chlldren are appropriately vetted wlth re8ard to the Criminal Records Bureau. The church has ad the Charlty Commission guidance on public benefit, and is satisfied that the activities outlined above clearly demonstrates that the charity is providing a benefit to the public. Athlevements and Perf0mnCe The advent of the covld virus at the very beginning of the year had a major impact on the Ilfe of the church, meanin8 a SSatIon of many of the"fa to face" activities. A major learniTh3 cubve ensued in which techno108V took a key place, with online live and recorded streaming of services which were available to the general public. Small group meetin85, trustee's meetings and many young peoples, artivities took Pla via zoom or google meet as well. During this time Isaac Sullivan, our children's & Youn8 People's worker. adapted his work considerably. He kept in touch with the them by e mail and phone- and likewise kept in touch with their parents. As well as providing mid-week meetin85 via Zoom. he also provided learnin8 sources to be completed at home in preparation for Sunday morning Zoom meetings. All of this was a challenge as the children & youn8 people. were also being schooled via Zoom and did not wish to engage with other on-screen meetings so often. With the arrNal of Covid and the subsequent lockdown. the pastoral needs of the church thanged rapidly. Under the format of a new "Family Matters" team we ensured that the vulnerable and elderly received any financial and food provisions that were needed. This often involved some in the church delivering such provisions to the door of those in need. "Your quicker than Sainsburvs" was one compliment received. Although we do not envisage the Family Matters team continuing indefinitely, we do envisage the Pastoral Care team developing this area of ministry in addition to their spiritual and emotional wellbeing.
The weekly Tuesday in depth Bible study continued usirE Zoom which provided a further opportunity for fellowship and friendship. A new house group was ft)med via Zoom. serving a similar purpose to the Bible studies and it is antiapated that this will continue as we emerge from lockdown. To help everyone feel connected, a weekly new bulletin about church matters was sent to everyone. As well as this. a weekly "fun sheer of puzzles and wordsearches for adults was sent out and it is anticipated that Sofne of this will continue post"lockdown° A large amount of vmrk went into creatin& developing and maintsinin8 a new thurch web site. This will continue to be developed in the future providing another very detailed source of information not only to the church. but also to the general public. During this time discussions have begun as to how we can help the wider community who may well be in debt or other forms of need. The aim is to develop. through links with Christian 4gainst Poverty ICAPI a money management course. Discussion also began on an ecumenical basis about broadenin8 this to include a debt centre and life skills courses. Reserve5 Pollcy The reserves policy continues to be that a reseThe of £I0.(x should be maintained rf possible. Flnanclal Review sIn fom)ally taking on the role of treasurer in September the last 9 month5 have been a very busy time with final accounts for 2019120& 2020121 to complete. as well as overseein8 a change to SV5tems whereby Barbara Creighton stepped down from doing the book keepin8 and John Bastln took over that responsibility using QuickBook5. Thank5 are due to Barbara for her work and also to Guy for keeping giving oversight to the day-ttrday finance during the period without a formally elected treasurer. Ruth Bayharn continues to hold restM)nsibility for Glft Ald returns and Becci Bell continues to administer the payroll. The final accounts as presented are still to be independently examined. something that will be completed once the independent examination of the final accounts from 2019120 & 2020121 has been completed. We started the year with a cash balaft of £33.763. This reduced at the end of the year to £32,272 a deflcit of £1491. Once the givin8 for the church refurbishment is taken into account. the income for thi5 year shows a slight increase on last year which reflects the fact that we were once again meeting in person for the second half of the year. Overall costs have increased. but again this is largely because. On we stsrted meetin8 again. church costs increased. We have also begun to feel the effert of increasing costs because of inflation. The largest part of our costs is the stipend and salary for Adrian & Isaac at 60% of our total expenditure. These reduced with Isaac's departure in August. if the church is commltted to employing a new youth & families worker, serious consideration will have to be given to increasing the income as the present level of income will result in a deficrt budget which cannot be addressed by tightening the expenditure. The next largest is 15% on church upkeep lutilities. cleaning and building maintenance. This represent an increase on last year driven by 3 factors a) repair & renovation to Kitchen equipment to enable Complian with Gas safety. b} Fire alarm systems in need of improvement to compty with current legislation. cl an increase in insurance costs partly resulting from the extra insurance needed while 18 Priorfs Walk is empty and inflation related
Administratton costs represent 12% and the slight irreaSe on 2020121 is again the o)nsequence of a return to face-to-fra meeting. The drop in direct mission giving is largely accounted for bythere being no gift5 for Uzima this year. The finances of the church remained healthy and the slight deficit is essentially the result of fee5 and surveys related to the decision to sell 18 Prioes Walk and Avondale Road. When that process together with the purchase of a new Manse is completed Ireport on progress to follow) there will be a surplus which will enable us to recoup those costs. As reported earlier, the budget for this year will show a deficit which the bank balances enable to be serviced. However, this is not a situation which can continue if the church is to finance all its activitrs. The two key issues facing the church in the next year is identifying a suitable treasurer to tske over from me and addressing the bud8et deficit issues. The Trustee's port was approved by the Board of Trustees on the 7th November 2022 Chairman Trustee & TaSurer Revd Adrian Redfearn Rev Nrdel Cox
CAsfLEHOLD BAPTIsf CHURCH FINANCIAL sfATEMEKf FOR THE YEAR ENDED 31 P4ar¢h 2022 GENERAL RECEIPTS & PAYMEiif ACCOUNT 2021122 2020121 ReIpts Weekty offerirgs Regular Grving and other Iome tax reC(Ner on grfts Confidential FuThl Rents and contrlbutiors for use of pyenwses Donations & Legaaes Building Fund Sundry Encome Total ReIpts 11775 52,0 16,573 2,410 66,415 8,125 10,971 878 14,808 3,050 12,090 2,856 95,327 106.898 Payments Mlnlstry Mission & Outreach Upkeep of church premlses Youth Work Admlnlstration Refurbishments Loan Repayment Other Profewonal Servlos Sundrtes Training Volunteer ExpereS Felbwship Fund Total Payments 65,045 5,206 12,781 2,534 14,612 I,iio 11,622 10,025 21,257 10,0 639 383 i) 96,838 I2414 Net receipts l (payments) for the year (1511) (17rt16) Cash balance at previous year end Cjsh balance at current year end 33,763 252 51,179 BUILDING REFURBISHMEpif FUND RECEIpfs AND PAYMEPnS ACCOUNT 2021122 2020121 Receipts EonatÈors ar#J Irmne Income tsx rther&l on gifts Bank Tnterest Total Receipts 12,0 Payments Repairs Improvements Totsl Payments 21,257 21,257 Net paents for the year 9167 Transfers (to) l from fabric fund Cash balan at wevious yoar end Cash balan at current year end 6,321
2021122 13932 13932 Balan Blfvld Transfer to General Furnl Balano Clfwd 2021122 MARRIAGE CRsE FUND Balae Blfwd ExpeThditure Balano Clfwd 256 256 256 GENERAL FUND Batar Blfwd Net Receipts (Payments) Total From FurvJ5 Balan Clfv 2021122 19,575 (1,511) 24,967 {17416) 7,551 31,996 19,575 STATEMENT OF ASSEfs AND LIABILrrES AT 31" MARCH 2022 2021122 Bank a1 other cash balarKes Petty Cash 29 31252 RepresentirwJ on fdkwilrKJ furmts Gerra1 Fur#J Marrlage Course FurKI Legacy FuThd BuihdirKJ Refurblslun• FUTh 31, 19,575 256 13,932 256 Total 31252 33,763 Llabllitles Per10n SJme LiaLxKty Inland RevenL Total Liabiliti io 20,T15 23A72 20,072 acmunts a1 ststeffrt CA assets arnl liabillts set (xrt on pajes l & 2 rdatlrNJ to ttE year eTrJiThJ 31 March 2022 are as approval ty the de. sIg. (Treasu , [Date]
NufES TOTHE Accourirs I, Basls of acc4Junts 133 Charities kt 2011. l Regular giving and other income 2021122 35752 16314 2020121 Gift Aided givlr#J General GivirKJ Other irmme [£tJTlrfnri Total Donatlons and Other Inc(the 66h15 3. Donatlon$ & LegJde% 2021122 421 io 162 250 35 878 2020121 Tear Fu1 Bags for Camimxjla Chrlstnws Glfts Sundry Totsl 3050 4. Mlnlstsy 2021122 46,7YJ 9.162 1,765 176 5,927 2020121 49,407 7,972 1,706 214 5,746 Salartes & N.I. Perston contrfbutk)n Mlnisterfs Pulplt supplles Manse costs Other mlnistry Total Mlnlstry 655 The Mlnlster acts as or* of the church's trust arKI remuwatTh arKI 0r iEnefits in respect of his as Mlnlster, I[lI1j kww'slon of rrortse accomnx%ktb)n ovmed by the churth. The church also employ5 a full tlrre yOtt Worker wt#) IM5 KCOmon
- Mission & Outrejth 2021122 2020121 BMS YFC Tearfund operati Mobilisation Go Card Uzlma Gideon Cap Mo Hope 587 421 700 300 31 299 Sundry Totsl Mission 1534 5.206
- Upkeep of church premlsas 2021122 3942 2275 2782 2879 2020121 4,299 2,107 2,612 1,650 749 1,264 Ic Ughtlng arwj ItINj Cleaning InsurarKe ReFolrs and malrtenarKe Cowd Costs Other premises inswarKe Equlpment Sundry 650 I412 14781
- Admlnlstratlon 2021122 390 2020121 Bank Charges Bwk KeepirKJ CateriThJ Web Ste mIslIanuS Stationery & P Telephone & Brc4id BaThJ PTintirvJ Ltcenses Photcropler Sundri&s 275 173 273 31J) 1300 542 1173 257 59 5578 1164 293 Substhk* 399 Totsl Athnin & Offlce Costs 11,622 10,025
- Assets Held for the Churth's own use The thurth is the terda1 (SUbt to the reknrrt tr) c ts folknviThJ ass the 1 title to which is held by thurch's custcdian tnEtee [trE Battst Urion CorrAyati Ltd]: Chwth pren¥ses at High val1 in tr aOUnts at £3,694,493 based on insured dlue Churth manse at 7 Avorxlale Road In tre £270,955 b1 C iTtswed value )p pSe5 at 834 Flgh SW Newtt¥t in the YINjrts at £425243 bas on irsured val
thurch also OW[ fiXre fumiture with ied value of £166,849 9. Pension sthe Liabiliti The Church is a participats'rKJ enw Baw gjvne vthlch is a separate legal entity adMinIster by the Pen&on Tr (Baptist Pension Tnst Lim11). Tr assets of the are held separatdy from ttK6e of ttE Emth arnl otlr Pafbc1F[¥j empl5. The lrne, pre410ty knNn as BaOEt Minist Pu6ion Rnj, stsrted in 1925, Ixk was dosed to future accrual ofdefTrrd teneffts on 31 t)92mber 2011. PrKYto ttis date the main pmvkled through the Defined Bet (DB) Plan was a w6ion of gIttEth of final mininN¥n penSi(The I1)me for eath year of pensionable wvitr tCget wtth k11t10¥ peIOn in of premiums paid Pensiorkible [rme in excess of Minimum Pensronable l Janlry 2012, beneftts have bn proded through a Defir cnntr1tMrt (DQ Plan. A forn1 valuatlon (rf DB Plan as at 31 D&enthr 2019 by a wctssbjwlty qlIfied Act4kiry uslng tr Proierted Unit Methjd. At the Wdluation date the market value (rf the DB Plan assets was £298 m111n, whilst the t1 of assets r1 to pay berth was £316mi gMNJ a deficit £18m (1Valeftt to a F3St Servi futxllng of 94%). The Church aThJ the other partKItI In DB Piin are collettlvely resnsIble for fundlNJ thls ddldL The neXttrtaI VaV)n of DB Plan vAthln Is due to tske Pla not later tNin as at 31 DeCern 2022. uler the Sthedule of c(thbUEfc, thurch makes a monthly paynkmt In restett ()f DB Sdrne defld¢ Current £407.35, whlch wlll Ir&se in Ilre with Incr&w in Minirnum PeIonaLe ITrJ)me. The scule of contributn5 fores5 cortiibutmys oyrtÉnuifMJ wil j)e 2026. The persion s(then liaLM'lity shown in Ststeent crf Assets aTrJ liatx'libes is cakm1aJ as the (urrent rate muibplled by the numter of months re31n1Thj in Trent thdule of ContributpJr6, which anK)unted iD £20,774.85 as at 315t March 2022 Ilaillltie5 at 31* Marth 2021 Is £13,7(Kl
Report of the Independent Examinerfs! +0 t17e TTUS+ry5 of C rt s fLErt¢LD A4efisf L+ttsLCH On the accounts for the year ended Pi 202L audit 15 not rquired for this year UFKIW 144 of the Charits P£t 2011 (the Charfties Act) and that an independent exam1rC 6 ne&d. It is my respThs¢bttlty to: examine the accounts un(kr sattic 145 of Charfties to fotlow the prlUreS latd down in the gthal Dk&tly6 g1 by Clkyity Commtsskffi (UFMler settlon 145(5)(b) of the ChaFknes Ad, afKI My examination was camed t in accordarre Thilh DireLtlorts gTven by the Charty Commlsslon. An examination includes a review of the recr5 kept Lry the chwth and a comparson of the accounts presented Yith those record& It also indudes any unugpl itans (x dlsd05ures In the accounts and seekiw explanations from the tree5 corttrring any mattw& Tr prrnlv UFKlertaken do not provltie all the eVIden that would be requireil in an awhl no opin1c is glven as to whether the accounts present a Irue aTha Pdlrf view and the rewt is to thc6e mattws set (xrt in the stateMt below. Independ mlnerfs sta Sin come exceeded confirni that l am Itsted W], whi urch's mifw m rofa isted in rrwnber of n £250,CM)O 2011 appll because named n connectton wlth my ermlnatton, rm) materfal matte15 come to my attathn whkh ffts me cause to belleve that in. any material respeLt. aCUntIng rem$ were not kept In actn wlth stttlcffl 130 of the Charlues Att or the accounts do not CoMY wlth the applicable Nuiremerts cC1rj the fcKm and content of accounts set out in the CharltEes (Acctyjnts arKI Rqy)rts) Regul&Kx)$ 2008 other than any requirement that the accounts glve a Yrue and falr vtew whKth Is Mt a matter c0Th9dered as of an Irtya)dent exarnination. (If to enable a [Oper und8ndlro of the acccwnts to be Delete t1 words in UbketsWdQ Sgned by or on t*half of the Examll 16-12_Zo22 Relevant Prefe591 Qualifiotlorfs) or tx (rf any 26 vi&J rf) Po28 3LL Page 7