Docusign Envelope ID: 7A110DC6-3D20-4DA1-BE87-64AC93B706D4
CASTLEFIELDS CHURCH (CIO) ACCOUNTS AND ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2025
CHARITY NO: 1192197
Cound & Co LLP Chartered Accountants 1 Princes Court Royal Way Loughborough Leics LE11 5XR
Tel: 01509 214163
Docusign Envelope ID: 7A110DC6-3D20-4DA1-BE87-64AC93B706D4
CASTLEFIELDS CHURCH (CIO)
FOR THE YEAR ENDED 31 MARCH 2025
| Contents | Page |
|---|---|
| Report of the Trustees | 1-2 |
| Independent Examiner’s Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6-8 |
Docusign Envelope ID: 7A110DC6-3D20-4DA1-BE87-64AC93B706D4
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CASTLEFIELDS CHURCH (CIO)
FOR THE YEAR ENDED 31 MARCH 2025
The trustees are pleased to present their report together with the financial statements of the charity for the year ended 31 March 2025.
REFERENCE AND ADMINISTRATIVE DETAILS
CHARITY NAME Castlefields Church (CIO) CHARITY NUMBER 1192197 PRINCIPAL OFFICE Traffic Street Derby DE1 2NL
The trustees serving during this period were also the Elders of the Church, namely:
David Fielding (Chair) Lee David Rowcroft (Church Treasurer) David James Sherwood Richard Paul Carvell Peter Fry
At the end of the year the church membership was a total of 60.
INDEPENDENT EXAMINERS Cound & Co LLP 1 Princes Court Royal Way Loughborough Leics LE11 5XR
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity is constituted under a deed of declaration dated 5 November 2020. It is currently governed by 5 Trustees who meet together four times per year formally and at other times as required. They sign off the budget and the annual accounts and annual return. They receive a quarterly summary of the finances for review and two of the Trustees meet bi-annually to review the finances and have the opportunity to ask questions and ensure everything is running in accordance with the Trust. The Trustees ensure that all insurances are in place and that appropriate Health and Safety and Employment procedures are used that are compliant with legislation.
ACHIEVEMENTS AND PERFORMANCE
This has been our third full year as operating as a CIO. Minuted Trustees’ meetings have taken place on 11/06/24, 06/08/24, 22/10/24, 09/12/24, 10/01/25 and 11/03/25. These meetings have been supplemented by additional meetings reflecting actions in our pastoral role as Elders. Further meetings on more practical matters have been held with the Church Deacons. Members meetings have been held on 01/07/24, 09/09/24, 07/10/24, 20/01/25 and 17/03/25. Minutes of all of these meetings are recorded separately.
Church/Charity Policies were reviewed in the year and, apart from the draft “Website & Facebook” Policy, are now all in place. An adequate means of storage & access of the electronic copies of these policies is still yet to be implemented, but hard copies are available for reference. The Safeguarding Policy can be viewed specifically on the church website.
The most significant matter recorded during the financial year was the decision to convey to the Church Membership a unanimous conclusion of the Elders/Trustees, and the Deacons, that the present premises does not meet the requirements of an agreed set of parameters drawn up to represent a suitable premises for the futures operation and growth of the
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CASTLEFIELDS CHURCH (CIO)
FOR THE YEAR ENDED 31 MARCH 2025
ACHIEVEMENTS AND PERFORMANCE (Cont’d)
Charity/Church. This was duly explained to the Church Members on 17/03/25. No vote was taken at that meeting but questions were encouraged and noted. No significant objections were voiced. From hereon therefore, efforts to find an alternative site will be the focus of the Deacons, using the parameters drawn up. No further exploration of the option to rebuild on the present site will be undertaken.
The significant fund dedicated to the matter of a new premises therefore remains in place and this is recorded in the year end accounts. At this stage no decision has been made regarding the future use or sale of the present building in Traffic Street. This will be the subject of further discussions. This is due to be emphasised at a Church Members meeting scheduled for 12/05/25.
An agreement was reached by the three eligible Trustees, to a proposal to increase the salary of Richard Carvell (full time Elder/Pastor) by 3%. Church Members voted to agree this effective from April 2025.
Regular church income continues to be monitored closely by Lee Rowcroft (Trustee/Treasurer) and year end accounts reflect the consistency of income enabling current expenses to be covered. The ‘ministry buffer fund’ remains in the year end accounts. This remains untouched, which is pleasing. Longer term, the level of this will need reviewing to ensure charity funds are used fully and effectively.
To enable us to fulfil our broader charity aims, all the regular meetings of the church continue as in the previous year, with the addition of more regular Men’s meetings and Ladies’ ‘Prayer and Share’ times. A number of more informal “Friendship Meals” have also taken place to encourage good fellowship across all ages. Outreach through ‘Book Give Away’ events, literature distribution, youth meetings etc. continue.
Sunday Services continue to be held at Derby Conference Centre – London Road and most other meetings at Traffic St. Four city-wide, regional, monthly ‘Shared Life’ Groups have been introduced in specified homes to give greater accessibility for more people to attend. Numbers attending these in aggregate have actually exceeded that of the single location model. A wide range of people are regularly attending our meetings where the Christian gospel is taught and practically applied to all ages & backgrounds.
Giving to other Christian missionary and charity organisations has continued this year, with a deliberate slimming down of the number of organisations/individuals supported. This has meant that we could increase our giving to the main recipients. A further review is planned for the forthcoming year to expand the number of recipients a little further, in line with a strategy approved by the church members.
……………………………………. David Fielding Chairman of Trustees 30 April 2025
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INDEPENDENT EXAMINER’S REPORT TO THE OFFICERS OF
CASTLEFIELDS CHURCH (CIO)
I report on the accounts of the charity for the year ended 31 March 2025, which are set out on pages 4 to 8.
Respective Responsibilities of Trustees and Examiner.
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this period under section 144(2) of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the Charities Act:
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follow the procedures laid down in the General Directions given by the Charity Commissioners under section 145(5)(b) of the Charities Act: and
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state whether particular matters have come to my attention.
Basis of Independent Examiner’s Statement
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair” view and the report is limited to those matters set out in the statement below.
Independent Examiner’s Statement
In connection with my examination, no matter has come to my attention:
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1) which gives me reasonable cause to believe that, in any material respect the requirements
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to keep accounting records in accordance with section 130 of the Charities Act; and
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to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Charities Act
have not been met; or
- 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
D R Gradon MA FCA Cound & Co LLP Chartered Accountants 1 Princes Court Royal Way Loughborough Leics LE11 5XR 1 July 2025
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CASTLEFIELDS CHURCH (CIO)
STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2025
| INCOME Donations & Legacies: Grants and Gifts received Tax refunds under Gift Aid Legacy Investments: Interest Received Sundry Income TOTAL INCOME EXPENDITURE Expenditure on Charitable Activities TOTAL EXPENDITURE NET INCOME TRANSFERS BETWEEN FUNDS NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS TOTAL FUNDS BROUGHT FORWARD TOTAL FUNDS CARRIED FORWARD |
Unrestricted Restricted Designated Total Total Funds Funds Funds Funds Funds Notes 2025 2025 2025 2025 2024 86922 - - 86922 82012 11571 - - 11571 10806 - - 92384 92384 - 6532 - - 6532 4622 125 - - 125 140 __ _ 105150 - 92384 197534 97580 2 100520 - 750 101270 57537 100520 - 750 101270 57537 4630 - 91634 96264 40043 (5200) - 5200 - - (570) - 96834 96264 40043 226405 - 284280 510685 470642 225835 - 381114 £606949 £510685 ___ |
|---|---|
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CASTLEFIELDS CHURCH (CIO)
BALANCE SHEET AS AT 31 MARCH 2025
| FIXED ASSETS CURRENT ASSETS Debtors Cash at Bank and in Hand LIABILITIES: Creditors: Amounts falling due within one year NET CURRENT ASSETS TOTAL NET ASSETS THE FUNDS OF THE CHARITY Unrestricted General Funds Restricted Funds Designated Funds TOTAL FUNDS |
Notes 4 5 6 6 6 6 |
2025 221127 - 386422 __ 386422 _ 600 385822 606949 225835 - 381114 £606949 ___ |
2024 221127 - 290098 __ 290098 _ 540 289558 510685 226405 - 284280 £510685 ___ |
|---|---|---|---|
Approved by the trustees on 1 July 2025 and signed on their behalf by:
……………………………………
Lee Rowcroft
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CASTLEFIELDS CHURCH (CIO)
NOTES TO THE ACCOUNTS - FOR THE YEAR ENDED 31 MARCH 2025
1) Accounting Policies
a) Accounting Convention
These 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 FRS102 the Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS102”) (effective 1 January 2016)’, FRS102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (effective September 2016) and the Charities Act 2011. The disclosure requirements of Section 1A of FRS102 have been applied other than where additional disclosure is required to show a true and fair view. The charity constitutes a public benefit entity under FRS102.
Assets and liabilities are initially recognised at historical cost or transactional value unless otherwise stated in the relevant accounting policy note and the financial statements are prepared on a going concern basis. The financial statements are prepared in sterling, which is the financial currency of the charity and rounded to the nearest £1.
b) Funds
General funds represent the funds of the church that are not subject to any restrictions regarding their use and are available for application on the general purposes of the church.
Restricted funds are those funds that must be spent on their restricted purposes. Gifts designated by the donor for a particular charity or project and received as income are treated as Restricted funds and the monies are remitted to the appropriate recipients as soon as possible.
c) Support Services
These comprise the administration and running costs (less insurance) of the Church.
d) Fixed Assets
These are included in the accounts at the Trustees estimate of the market value.
2) Direct Charitable Costs
| Ministry Rent Utilities Insurance Support Services Outreach activities Maintenance of Buildings and Equipment Work Among the Young Visiting Speakers Office Supplies Advertising Miscellaneous Costs Telephone Professional Fees Conferences and Training Grants paid (see Note (3) for details) Bank Charges Church Away Day |
2025 2025 2025 Unrestricted Restricted Designated Notes Funds Funds Funds 54493 - - 13075 - - 3046 - - 1392 - - 929 - - 1623 - - 965 - - 682 - - 225 - - 159 - - 579 - - 106 - - 413 - - 1000 - - 1045 - - 20380 - 750 (6) - - 414 - - _ __ 100520 - 750 _ ___ |
2025 Total Funds 54493 13075 3046 1392 929 1623 965 682 225 159 579 106 413 1000 1045 21130 (6) 414 _ 101270 ____ |
_ | 2024 Total Funds |
|---|---|---|---|---|
| 13509 11210 2915 1277 783 944 2236 385 725 1476 781 247 574 7798 440 11752 7 478 _ 57537 ___ |
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CASTLEFIELDS CHURCH (CIO)
NOTES TO THE ACCOUNTS - FOR THE YEAR ENDED 31 MARCH 2025
3) Grants Paid
| 2025 2025 2025 Unrestricted Restricted Designated Funds Funds Funds CFL 5450 - - Robert Baghurst - - - Open-Air Mission 3950 - - GBM 3950 - - CCM 690 - - Mandritsara 2970 - - SASRA 2970 - - Radstock Ministries - - - Beach Mission Support - - - East Mids Churches Day 120 - - Davenport Road 200 - - Littleover Methodist - - - Others 80 - 750 _ _ 20380 - 750 _ _ |
2025 Total Funds 5450 - 3950 3950 690 2970 2970 - - 120 200 - 830 _ 21130 ___ |
2024 Total Funds |
|---|---|---|
| 3450 500 2050 1100 700 1150 1150 1000 100 120 200 77 155 _ 11752 ___ |
4) Fixed Assets
| Cost At 1 April 2024 Additions At 31 March 2025 Depreciation At 1 April 2024 Charge for the year At 31 March 2025 Net Book Value at 31 March 2025 Net Book Value at 31 March 2024 |
Freehold Land and Buildings 221127 - __ 221127 _ - - - 221127 221127 ___ |
Total 221127 - __ 221127 _ - - __ - _ 221127 ____ |
|---|---|---|
| 221127 ______ |
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CASTLEFIELDS CHURCH
NOTES TO THE ACCOUNTS - FOR THE YEAR ENDED 31 MARCH 2025
5) Cash at Bank
| Leeds Building Society Charity Bank Lloyds Bank Kingdom Bank |
2025 69141 85579 133241 98461 __ 386422 ____ |
2024 67514 82906 55448 84230 __ 290098 ____ |
|---|---|---|
6) Analysis of Net Assets by Funds
| 2025 2025 2025 Unrestricted Restricted Designated Funds Funds Funds Fixed Assets 221127 - - Current Assets 5308 - 381114 Current Liabilities (600) - - __ 225835 - 381114 __ Balance at 31 March 2024 Receipts Payments Designated Funds: New Building Fund 137400 92384 - Future Ministry 145900 - - Pastoral Fund 980 - (750) _ 284280 92384 (750) _ ____ |
2025 2024 Total Total Funds Funds 221127 221127 386422 290098 (600) (540) __ _ 606949 510685 Transfers Balance at 31 March 2025 5200 234984 - 145900 - 230 _ 5200 381114 __ ____ |
|---|---|
7) Related Parties
The Trustees made donations totalling £8,900 during the year.