Castletown Town Commissioners — Detailed Income and Expenditure Account (£)
Castletown Town Commissioners — Balance Sheet as at 31 March (2024 draft / 2023 audited / 2022 restated)
Castletown is the largest balance sheet in this set by a wide margin. Net assets stood at £32.8m at 31 March 2024 (draft), against Malew's £3.7m and Marown's £158,326 — the difference is almost entirely Castletown's much bigger housing stock and town infrastructure (revaluation reserve plus capital adjustment account), and the commercial borrowing that has paid for it: £10.38m of loans outstanding at 31 March 2024 (draft), more than 39 times Malew's £263,423 and the only authority in this set with borrowing on this scale.
Notes, sources and cautions
What this shows. Castletown's own "Detailed Income and Expenditure Account" — an unaudited supplementary General Fund schedule (every page of it is stamped "This page does not form part of the audited financial statements") that reconciles exactly to the movement on Castletown's general revenue reserve each year. It is the only place Castletown breaks its spending into individual service lines rather than the handful of headings used in the audited Comprehensive Income and Expenditure Statement (CIES), and — like Malew's equivalent schedule — it excludes the separate Housing Revenue Account and non-cash accounting entries (depreciation, impairment, pension remeasurement) that appear only in the CIES. Income and expenditure lines have been regrouped here into seven service groups for readability and cross-authority comparison; the regrouping does not change any published figure, only how the same verified numbers are bundled — see the reconciliation note below.
A genuinely new category for a town: civic & cultural services. None of the four parish authorities already on this site run a public library, a civic centre, or town ceremonials — Castletown, as the Island's ancient capital, does. Those three lines plus the Southern Local Authorities Swimming Pool Board contribution are grouped here as "Civic & cultural services" and drawn in the site's neutral colour (the same hue used elsewhere for reserve movements and debt) rather than inventing an unvalidated new colour. "Capital & debt financing" — Castletown's loan repayments, loan interest and revenue-funded capital spending — shares that same neutral colour for the same reason; the two groups are distinguished by their labels and position in the diagram, not by hue.
One year is still a draft. The year ended 31 March 2024 is not yet audited. Castletown's own website states plainly that "Castletown has, in common with a number of other local authorities, experienced delays with the publication of audited accounts for the 22/23 and 23/24" — the signed 2022/23 accounts used for the 2023 column here were not actually approved until 2 June 2025, more than two years after that financial year ended, and the 2023/24 statement is published only as a draft dated March 2026, still awaiting sign-off. Every figure from the draft has passed the same arithmetic reconciliation as the audited years (income and expenditure both re-add to the published totals, and the 2022/23 comparative column inside the draft matches the signed 2023 accounts to the pound — 27 separate line items cross-checked, all identical), so it is included, but the 2023-24 point is marked "(draft)" throughout and should be read as provisional.
The rate has nearly kept pace with a housing writedown. Castletown's general rate rose from 304p to 312p to 356p across the three years shown — and Castletown's website confirms it has been set at 398p for 2025/26, a 31% rise in three years. Over the same period the Commissioners recorded a £1,759,500 loss on demolition in 2021/22 (restated: buildings at the former School Hill Estate had been demolished but not written off the books) and further impairment charges of £969,000 in 2022/23 and £943,500 in 2023/24 (draft) as the housing redevelopment continued — the explanatory foreword to the draft 2023/24 accounts cites "uncertainties in payments from central government with regard to the School Hill redevelopment scheme" among the Board's concerns. None of these non-cash writedowns appear in the diagram itself, which is General Fund cash spending only, but they are the backdrop to the rate rise and are shown in the balance sheet.
Refuse is charged separately from the general rate. Alongside the general rate, Castletown levies a flat charge per household for refuse and sanitation — £145 in 2021/22, rising to £160 and then £202 by 2023/24 (draft) — collected through a separate "Refuse Rate Account" that is combined with the general rate account into the single "Rates account" line in the top-level summary, and split back out here into "General rate income" and "Refuse rate income" using Castletown's own notes 6 and 7, which state each account's contribution to the CIES individually and which sum to the published combined total exactly in all three years.
Credits shown as inflows. Several lines — the trade refuse and car-parking income that is netted against Sanitation and Highways spending, library and civic centre lettings, the housing revenue recharge and miscellaneous income netted against admin costs, and (in 2021/22 only) a small memorial-seats donation — are credits rather than charges. A Sankey cannot draw a negative flow, so each credit is drawn as its own inflow on the income side marked "(credit)"; gross expenditure therefore reads higher than the net service totals in the published account, and the two reconcile exactly in every year.
Deficit one year, surplus the next. 2021/22 closed with a £79,998 deficit, funded from accumulated reserves and drawn here as a hatched inflow, matching the convention used on Marown's diagram. 2022/23 and 2023/24 (draft) both closed with surpluses — £40,044 and £174,880 — carried to reserves, matching the convention used on Malew's diagram. Castletown is the first authority in this set where both patterns occur across the same three years.
Provenance and confidence. The year ended 31 March 2023 was OCR-recovered from Castletown's scanned, signed Statement of Accounts (no text layer) using 300–400dpi renders and Tesseract 5.3.4, then verified line by line: every group subtotal re-adds to its published total (including a genuine misread caught this way — "Contract staff" of £1,080 first read as £1,680 until the £469,855 office administration subtotal only balanced at £1,080); income minus expenditure equals the published surplus exactly; and the balance sheet's current assets, net current assets and total reserves each reconcile to their published subtotals in both years shown on that page. The years ended 31 March 2022 and 31 March 2024 were cross-checked against Castletown's own published draft and signed PDFs (see below) — the 2022 figures are the "restated" comparative carried in the signed 2023 accounts (a prior-year adjustment wrote £1,804,615 off buildings that had been demolished but not de-recognised; this is Castletown's own restatement, not an OCR artefact), and the 2024 figures were extracted from the draft 2023/24 statement and confirmed by the same arithmetic reconciliation, with its own 2022/23 comparative column matching the signed accounts to the pound throughout.
Castletown's own website (castletown.gov.im) publishes an "Accounts & Rates" page with signed statements back to 2010/11 and draft statements for 2023/24 and 2024/25, which is where the extra years and the confirmed 2025/26 rate of 398p used in these notes came from — a genuinely more useful public record than the smaller parishes' sites offered. Nothing from Castletown's minutes or agendas pages was used, and no figures were taken from any source outside Castletown's own published accounts.
Comparability. This diagram uses the same General-Fund-schedule convention as Malew's and the same optional reserves-drawdown convention as Marown's, so it is broadly comparable with both on income and service spend — but Castletown is a Town-tier authority with roughly three times Malew's income and forty times its borrowing, so scale, not just structure, differs sharply. It is not comparable with Braddan's diagram, which is built from forward budget estimates rather than audited outturn.
Source. Castletown Town Commissioners, Statement of Accounts for the year ended 31 March 2023 (signed 2 June 2025), Detailed Income and Expenditure Account, Comprehensive Income and Expenditure Statement, Balance Sheet and Notes 6, 7 and 15; audited by Baker Tilly Isle of Man LLC. Draft Financial Statements for the year ended 31 March 2024 (dated 9 March 2026, unaudited) and the Accounts & Rates page, both retrieved from castletown.gov.im, 6 August 2026.