Docusign Envelope ID: 5BCE3033-747D-8351-82A1-96F4DFF520EE
CASTLEFIELDS CHURCH (CIO) ACCOUNTS AND ANNUAL REPORT FOR THE YEAR ENDED 31 MARCH 2026
CHARITY NO: 1192197
Cound & Co LLP Chartered Accountants 1 Princes Court Royal Way Loughborough Leics LE11 5XR
Tel: 01509 214163
Docusign Envelope ID: 5BCE3033-747D-8351-82A1-96F4DFF520EE
CASTLEFIELDS CHURCH (CIO)
FOR THE YEAR ENDED 31 MARCH 2026
| Contents | Page |
|---|---|
| Report of the Trustees | 1-3 |
| Independent Examiner’s Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7-9 |
Docusign Envelope ID: 5BCE3033-747D-8351-82A1-96F4DFF520EE
- 1 -
CASTLEFIELDS CHURCH (CIO)
TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2026
The trustees are pleased to present their report together with the financial statements of the charity for the year ended 31 March 2026.
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 James Sherwood (Chair) Lee David Rowcroft (Church Treasurer) David Fielding 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
OBJECTIVES AND ACTIVITIES
The purposes of Castlefields Church are:
Firstly, the advancement of the Christian faith in accordance with the Basis of Faith primarily but not exclusively within Derby and the surrounding neighbourhood; and
Secondly, such other charitable purposes as shall, in the opinion of the charity trustees, put into practice the Christian faith in accordance with the Basis of Faith, including but not limited to: the prevention and relief of need, hardship and sickness; the advancement of education; and the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age infirmity or disability, financial hardship or social circumstances with the object of improving their conditions of life; provided that the advancement of such purposes must be undertaken in a manner that is consistent with the Doctrinal Distinctives and Ethical Statements as may be adopted and amended by the church from time to time in accordance with the provisions of the Church Handbook.
ACHIEVEMENTS AND PERFORMANCE
A wide range of people are regularly attending our meetings where the Christian gospel is taught and practically applied to all ages & backgrounds, in keeping with our chartable aims. Sunday Services continue to be held at Derby Conference Centre, London Road, with 80-90 people attending each week. Other meetings such as Bible Studies and children's clubs are held at our premises in Traffic St. Four regional monthly ‘Shared Life Groups’ meet in homes across the city, giving opportunity for people to meet in a more intimate setting. These have proved popular, with total numbers exceeding those of the single location model followed on other weeks.
An informal Saturday morning social meet up in a cafe has also helped build friendships and support individuals inside and outside the church. Outreach through ‘Book Give Away’ events, literature distribution, seasonal celebrations and youth meetings continues.
Docusign Envelope ID: 5BCE3033-747D-8351-82A1-96F4DFF520EE
- 2 -
CASTLEFIELDS CHURCH (CIO)
TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2026
FINANCIAL REVIEW
Detail information is provided elsewhere in the Accounts and Annual Report. Following review, it was agreed by the three eligible Trustees to propose an increase in the salary of Richard Carvell (full time Elder/Pastor and the only employee) by 3.5%, broadly in line with inflation. Church Members voted in favour of this at the Members Meeting on 26 January 2026, effective from April 2026.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Castlefields Church is a CIO. The Trustees during this period were also the Elders of the Church, namely: David Fielding (Chairman), Peter Fry, Richard Carvell, David Sherwood, Lee Rowcroft – Treasurer. After the year end David Fielding stepped down as Chairman and David Sherwood taking over the role.
The governing documents comprise a Constitution and a Church Handbook. These specify procedures for appointing new trustees and persons holding other roles (e.g. deacons) and for making decisions, for example by holding of a ballot of church members.
At the end of the year the church membership was a total of 59. Church Members Meetings were held on 12 May, 21 July (AGM), 4 August, 11 August, 10 November 2025 and 26 January 2026. Minutes are recorded separately.
Trustees Meetings took place on the following dates: 15 July, 31 July (AGM), 21 October, 18 November, 16 December 2025 and 17 March 2026, as documented in the corresponding minutes. The Trustees have regular meetings to support their pastoral role as church Elders, usually on the third Tuesday of each month. Meetings to address practical matters are held jointly between the Trustees and the church Deacons (typically once per quarter, or more frequently where necessary).
Church/Charity policies were reviewed during the year; a Social Media Usage Policy was added. All 12 policies have now been made available on the church website: Bullying and Anti-Harassment, Complaints, Data Privacy, Employee and Volunteer Expenses, External Incident, First Aid, Pastor – Working from Home, Reserves & Investments, Serious Incident Reporting, Social Media Usage, Trustee Expenses, Trustee Conflict of Interest Policy.
In early March, David Fielding announced to his fellow Trustees his intention to resign as an Elder and Trustee. His resignation was accepted by the other Trustees and from then on, he ceased to attend Trustees Meetings. It was agreed to announce this resignation to Church Members at the Members Meeting on 23 April (i.e. after the end of the year covered by this report). At the Trustees Meeting on 17 March, the Trustees voted to appoint David Sherwood as Chairman of the Trustees in the interim, with a review after 6 months.
CHURCH PREMISES
The conclusion was reached in the previous year, following consultation with church members, that the present site in Traffic Street does not meet the requirements for a future premises, and that efforts should focus on finding an alternative site.
A potential alternative site advertised for sale (Derbyshire House, Sherwin Street) was viewed by two Trustees on 14 July 2025 and discussed at the Trustees Meeting on 15 July. Information was presented at the Church AGM on 21 July, where Members were asked for feedback and invited to submit financial pledges to help fund a potential purchase. Following additional viewings, at the Trustees AGM on 31 July, it was agreed to recommend that an offer be made. At a Members Meeting on 4 August, further information was presented regarding the property and the financial position. This was followed by a secret ballot of Church Members on 11 August, where a proposal to offer up £510,000 was passed with a majority of 86.8% in favour.
A purchase offer of £455,000 was made on 13 August, but this was not accepted. Best and Final Offers having been requested via a sealed bids process, an offer of £510,000 was submitted on 15 September, conditional upon planning permission for Change of Use, which was chosen by the seller as the winning bid. A planning application for change of use was submitted to Derby City Council on 26 February 2026, informed by feedback from a formal pre-planning enquiry. To provide assurance as to the condition of the property to be purchase, a Building Survey was commissioned which uncovered no major problems.
Docusign Envelope ID: 5BCE3033-747D-8351-82A1-96F4DFF520EE
- 3 -
CASTLEFIELDS CHURCH (CIO)
TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2026
CHURCH PREMISES
Although the combination of existing and pledged funds is sufficient for a cash purchase, this will leave minimal reserves. Sale of our premises in Traffic Street would consolidate our property in a single location and replenish our funds, helping to further our charitable aims and removing the drain on resources from maintaining premises at two locations.
In a ballot on 18 November 2025, the Trustees passed a resolution to propose selling the property in Traffic Street. A valuation conducted on 24 November 2025 in accordance with Charities Regulations valued the property at £160,000. At a Church Members meeting on 26 January, a motion to sell the Traffic Street property with a minimum price of £160,000 was passed with 87.5% in favour. It is expected that significantly more than this could in practice be realised.
……………………………………. David Sherwood Chairman of Trustees 12 June 2026
Docusign Envelope ID: 5BCE3033-747D-8351-82A1-96F4DFF520EE
- 4 -
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 2026, which are set out on pages 5 to 9.
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:
-
examine the accounts under section 145 of the Charities Act:
-
follow the procedures laid down in the General Directions given by the Charity Commissioners under section 145(5)(b) of the Charities Act: and
-
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:
-
1) which gives me reasonable cause to believe that, in any material respect the requirements
-
to keep accounting records in accordance with section 130 of the Charities Act; and
-
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.
C L Mayne ACA Cound & Co LLP Chartered Accountants 1 Princes Court Royal Way Loughborough Leics LE11 5XR 12 June 2026
Docusign Envelope ID: 5BCE3033-747D-8351-82A1-96F4DFF520EE
- 5 -
CASTLEFIELDS CHURCH (CIO)
STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2026
| 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 2026 2026 2026 2026 2025 85706 - 4300 90006 86922 13403 - - 13403 11571 - - - - 92384 5505 - - 5505 6532 280 - - 280 125 __ _ 104894 - 4300 109194 197534 2 102560 - 9995 112555 101270 102560 - 9995 112555 101270 2334 - (5695) (3361 ) 96264 - - - - - 2334 - (5695) (3361 ) 96264 225835 - 381114 606949 510685 ___ £228169 £- £375419 £603588 £606949 |
Total Funds 2025 86922 11571 92384 6532 125 ______ 197534 |
|---|---|---|
| __ 101270 ____ 101270 |
Docusign Envelope ID: 5BCE3033-747D-8351-82A1-96F4DFF520EE
- 6 -
CASTLEFIELDS CHURCH (CIO)
BALANCE SHEET AS AT 31 MARCH 2026
| 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 |
2026 221127 - 383061 __ 383061 _ 600 382461 £603588 228169 - 375419 ___ £603588 |
2025 221127 - 386422 __ 386422 _ 600 385822 £606949 225835 - 381114 ___ £606949 |
|---|---|---|---|
Approved by the trustees on 12 June 2026 and signed on their behalf by:
……………………………………
Lee Rowcroft
Docusign Envelope ID: 5BCE3033-747D-8351-82A1-96F4DFF520EE
- 7 -
CASTLEFIELDS CHURCH (CIO)
NOTES TO THE ACCOUNTS - FOR THE YEAR ENDED 31 MARCH 2026
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.
Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. 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 cost.
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 |
2026 2026 2026 Unrestricted Restricted Designated Notes Funds Funds Funds 55523 - - 14155 - - 2888 - - 1421 - - 1086 - - 1815 - - 1172 - - 434 - - 320 - - 719 - - 606 - - 127 - - 468 - - 1637 - 9995 969 - - 18630 - - 116 - - 474 - - __ _ ___ 102560 - 9995 |
2026 Total Funds 55523 14155 2888 1421 1086 1815 1172 434 320 719 606 127 468 11632 969 18630 116 474 ______ 112555 |
2025 Total Funds 54493 13075 3046 1392 929 1623 965 682 225 159 579 106 413 1000 1045 21130 (6 ) 414 ______ 101270 |
|---|---|---|---|
Docusign Envelope ID: 5BCE3033-747D-8351-82A1-96F4DFF520EE
- 8 -
CASTLEFIELDS CHURCH (CIO)
NOTES TO THE ACCOUNTS - FOR THE YEAR ENDED 31 MARCH 2026
3) Grants Paid
| 2026 2026 2026 Unrestricted Restricted Designated Funds Funds Funds CFL 4900 - - Open-Air Mission 3440 - - GBM 2310 - - CCM 690 - - Mandritsara 2330 - - SASRA 2830 - - Radstock Ministries 500 - - Beach Mission Support 160 - - East Mids Churches Day 120 - - Davenport Road - - - Braunstone Evangelical 500 - - Others 850 - - _ __ ____ 18630 - - |
2026 Total Funds 4900 3440 2310 690 2330 2830 500 160 120 - 500 850 _____ 18630 |
2025 Total Funds |
|---|---|---|
| 5450 3950 3950 690 2970 2970 - - 120 200 - 830 _____ 21130 |
4) Fixed Assets
| Cost At 1 April 2025 At 31 March 2026 Depreciation At 1 April 2025 Charge for the year At 31 March 2026 Net Book Value at 31 March 2026 Net Book Value at 31 March 2025 |
Freehold Land and Buildings 221127 __ 221127 _ - - - 221127 ___ 221127 |
Total 221127 __ 221127 _ - - __ - _ 221127 ____ 221127 |
|---|---|---|
Docusign Envelope ID: 5BCE3033-747D-8351-82A1-96F4DFF520EE
- 9 -
CASTLEFIELDS CHURCH
NOTES TO THE ACCOUNTS - FOR THE YEAR ENDED 31 MARCH 2026
5) Cash at Bank
| Leeds Building Society Charity Bank Lloyds Bank Kingdom Bank |
2026 70460 88128 219834 4639 ______ 383061 |
2025 69141 85579 133241 98461 ______ 386422 |
2025 |
|---|---|---|---|
6) Analysis of Net Assets by Funds
| 2026 2026 2026 Unrestricted Restricted Designated Funds Funds Funds Fixed Assets 221127 - - Current Assets 7642 - 375419 Current Liabilities (600 ) - - __ 228169 - 375419 __ Balance at 31 March 2025 Receipts Payments Designated Funds: New Building Fund 234984 4300 (9995 ) Future Ministry 145900 - - Pastoral Fund 230 - - _ _ 381114 4300 (9995 ) |
2026 2025 Total Total Funds Funds 221127 221127 383061 386422 (600 ) (600 ) __ _ 603588 606949 Transfers Balance at 31 March 2026 - 229289 - 145900 - 230 ___ - 375419 |
|---|---|
7) Related Parties
The Trustees made donations totalling £8,780 during the year, these are included in Grants and gifts received in the year.