DIOCESE OF BRENTWOOD
The Brentwood Roman Catholic Dlocesan Trust
Registered Charity 234092
Annual Report
2023124
TI

Contents
Diocesan Vision
Strand One: Charity, Justice and Social Action
Strand Two: Christian Life and Worship
Strand Three: Education
Strand Four: Family
Strand Five: Formation
Strand Six: Integration
Strand Seven: Leaders
10
Strand Ei8ht: Material Assets
Strand Nine." Prayer and Spirituality
10
11
Strand Ten: Priests and People
Strand Eleven: Vocations to the Priesthood
11
12
Strand Twelve: Young People
12
Reports
Report of the Directors of the Corporate Trustee
Independent Auditor's Report
13
20
Accounts
Statement of Financial Activitie5
23
Balance Sheet
24
Cash Flow Statement
25
Statement of Accounting Policies
Notes to the Accounts
26
31

Diocesan Vision: Building On Our Past
The Diocese of Brentwood was formally erected in 1917. Our first bishop, Bishop Ward had
a great personal devotion to Our Lady's shrine at Lourdes and Brentwood was the first
diocese in England & Wales to have Our Lady of Lourdes as its Principal Patron. His devotion
to St Edmund of Abingdon lor Canterburyl, led to the choice of that saint as a Secondary
Patron of the new diocese (together wlth St Erconwald and subsequently St Cedd).
Our present Father in God is Blshop Alan Williams, a Marist Father and formerly Rector of
the National Shrine of Our Lady at Walsingham. He has responslbllity for a diocese of rich
diversity: East End and suburbs, towns anclent and modern, seaside resorts, rural parishes
comprising dozens of villages, as well as schools, religious houses, and chaplalncies in
hospitals, prison5 and u nlversities.
It is our prayer that as we give thanks for the witness of past generations, we also pray for a
fresh outpouring of the Holy Spirit that we may be evermore faithful to proclaiming the
Gospel of Christ.
Diocesan Vlslon: Shaplng Our Future
The Stewards of the Gospel initiative has been a period of discernment for us as we seek the
best response we can give to God's love for us in an ever-changing society. Following the
publication of our Diocesan Vision: Shaping Our Future, parishes and parish partnership5
took time to interpret it in their local context and submit their plans for Bishop Alan's
consideration. After an initial delay due to the COVID-19 pandemic, plans had been put in
place during 2021/22 in order to relaunch the process in 2022/23. Unfortunately, the
relaunch was further delayed until January 2024 when all parishes received a pastoral letter
from Bishop Alan Williams SM announcing the re-launch of the partnership process with
combined parish partnership pastoral council meetings to be held across the Diocese a5 a
matter of urgency.
The full document can be read at htt
www.dioceseofbrentwood.net
content
loads
2017
04
Diocese-of-Brentwood- Vision-Document-l. df

Our Vision
'Proclaim the Good News of Jesus Christ in Essex and East London"
The Church in Essex and East London working better and differently
together to evangelise our diocese: it is a vision of the people of
God here and now collaborating to use our various Grace-given
gifts to evangelise our diocese to the best of our combined ability
with the help of God
Our Objectives
Maximise the opportunities for evangelisation
Maxlmlse sacramental provlsion
Maximise the opportunities for putting faith into action through
charitable works
OUR STRATEGY
Renewal and Restructuring
IMPLEMENTATION
Renewal: A 12-Strand Plan
Restructuring: Parish Partnerships

Diocesan Vision: Our Legal Objects
Partnership proces5 in January 2024 has
also seen the appointment of Fr Dan
Mason as the Episcopal Vicar for Parish
Renewal.
Our objects as set out in our legal
constitution are the advancement the
Romon Catholic religion in the Diocese by
such means as the Bishop moy thinkfit
and properfor the service ond support
whether in the Diocese or outside the
Diocese of charitable works and objects
promoted by the Church."
The Vision Document: Shaping Our Future
represents a new way for us to work
together for the advancement of the
Roman Cathollc religion in our Diocese. It
commits us to focuslng on restructuring
ourselves and renewing ourselves, so that
in turn we may best proclaim the Good
News of Jesus Christ,
Strand One.. Charit Justice and Social
Action
CARITAS
"Social Justice demands that we fight
against the causes of poverty: inequality
and the lack of labour, land, and lodging;
against those who deny social and labour
rights; and against the culture that leads
to taking away the dl8nity of others" Pope
Francis Feb 2024
The Mission of Caritas Diocese of
Brentwood is to maximise the
opportunities for putting faith into action
through charitable works, fully conscious
of Christ's commandment to love our
neighbour, defined by His words
'Whatever you do to the least of my
brothers and sisters, you do to me, We
seek to serve the marginalised, the poor
and the vulnerable by highlighting and
developing a broad range of charitable
projects in Parish Partnerships and schools
across our Diocese and nationally.
Restructurlng
It is currently envisaged that our
restructuring takes the form of placing 86
of our 87 parishes in 21 Parish
Partnerships. These partnerships consist
of people working together with the help
of God to achieve a common goal. Thus,
our Parish Partnerships are intended to
actively work together to achieve renewal.
The Cathedral parish stands alone to best
allow it to be the mother church and a
beacon for our whole Diocese.
The Vision of Caritas Diocese of
Brentwood is defined by the truth that no-
one is beyond the reach of the love of
Christ, We aim to enable those in need of
pastoral care to find that care and to
better support those working on Social
Justice projects in each part of the
Diocese.
The work of the parishes and the Parish
Partnerships was SUPPOrted during the
year by the Director of Development, and
all the other vicariates and their
respective executive departments.
Renewal
Our work and our achievements are
reported in the context of our Diocesan
Vision Document,, Shaping Our Future, so
that for this year and moving forward we
can report against the 12 Strands of
Renewal. The relaunch of the Parish
During the period, Caritas Diocese of
Brentwood crystallised its work into three
key strands.
Environment (Laudato Si)
Refugees and Migrants
Homele55 and the Cost of Living

We facilitate on-line meetings for each of
these strands once every four months,
complemented by an annual resourcing
and networking day, bringing people
together from across the Diocese.
care of, and service to, the Roman
Catholic, and the broader community
within our diocese, the provision,
maintenance and upkeep of places of
worship and, of course, prayer are largely
undertaken by parishioners, priests and
deacons in our parishes.
Our 'intergenerational' approach to
Caritas Diocese of Brentwood is also
helping US to build young leaders for the
present and the future, thus ensuring the
longevity of our projects,
In most cases, parishes are in the pastoral
care of diocesan priests and in several
cases, the parishes are in the pastoral care
of priests from Religious Orders or The
Personal Ordinariate of Our Lady of
Walsingham. All our parishes are
supported by an administration, referred
to as the 'Curia" which is organised into
Vlcariates 5UPPOrted in turn by an
executive made up of paid lay people.
caritas
diocLsL of bre11￿ToOd
The Diocese of Brentwood is a Real
Living Wage employer.
We continue to support the
settlement of refugees in our
communities via three
Community Sponsorshlp schemes.
Strand Two: Christlan Life and Worshi
The celebrotion of the EuchL7rist is the
source and summit of ourfGith, ond so all
other liturgies flowfrom and to the
celebration of Mass
Our Diocese cons1Sts of 87 parishes. The
number ha5 reduced in recent years, and
we anticipate that as Parish Partnerships
evolve the number will further reduce.
Each Sunday an average of 34,985 people
(32,333 last year) attended services.
Attendance has continued to recover from
the impact of the COVID-19 restrictions in
2020/2021 but has still not recovered to
pre-pandemic levels. The number of
people who were either baptised or
received into the church also decreased
The sacramental celebrations and other
religious services, proclaiming the Gospel,
exercise of the ministry of charity all take
place in our parishes, Furthermore,
engagement with society, the pastoral

slightly to 2,069 from 2,247 in the
previous year.
meetings and training for Religious
Education Lead5, as well as a wealth of
Governor training in the form of webinars.
There has also been premises training,
safeguarding training amongst the other
sessions made available.
We request feedback from attendees to
evaluate the training delivered in order to
ensure that training remains relevant, and
updates can be made where necessary.
Feedback from attendees has been
positive.
With our Liturgy Office, our Chancery
Office is involved with the administration
of the Rite of Christian Initiation of Adults
programme, and the reception of
hundreds of people, from across the
Diocese, who have followed the "Journey
of Faith" and wish to be received into the
Catholic Church. On the first Sunday of
Lent, more than 160 people hopingto be
received into the Church at Easter,
attended the 'Rite of Election, at
Brentwood Cathedral.
We continued to work closely with the
Catholic Education Service ICES),
Department for Education IDfE), Ofsted,
Teaching Unions and the Regional Schools
Commissioner IRSCI as well as relevant
Local Authoritie5. As a religious authority,
specific responsibi lities remain In relation
to the essential function5 around
Governance, Admissions, Reserved posts,
RE and Collective Worship.
Durlng the year, our parishes ralsed over
£99,000 {2023: £104,000) to support
international causes, including natural
disasters and overseas mission work, a
slight decrease when compared to the
previous year.
Parish volunteers contributed countless
hours of work to 8ood causes both within
and beyond our diocese. Feedback from
our parishes suggests that we have in
excess of 6,000 volunteers helping to
support our parishes.
School leadership recruitment formed a
significant part of our work during the
period. Recruitment can be challenging
and so our support to schools includes the
provision of advice at the beginning of the
recruitment process coverin8 job
descriptions, person specifications,
shortlisting meetings as well as support
during the interview process. All
candidates- both Successful and
unsuccessful are offered the opportunity
to receive detailed feedback.
Strand Three: Education
Supporting Catholic schools to provide
excellent educotion where pupils flourish
and Christ is made known to oll.
Our training provision to Schools generally
continues to be delivered in a hybrid
fashion with many face-to-face
sessions and some by webinars. The
detailed training schedule is extensive
including ongoing modular courses for:
Early Career Teachers (ECTS), the Catholic
Certificate for Religious Studies ICCRS}
induction for new Headteachers and
Deputy Headteachers, termly update
Catholic School Inspection IC51) is a key
area of our work. We continue to ensure
that a diocesan officer attends the
feedback meeting at the end of a CSI or
OFSTED inspection.
We've established a regular
communications link with schools and
Advisers to ensure that all relevant
information received from the Catholic

Education Service and other sources is
disseminated on a timely basis, We now
distribute relevant information on a
weekly basis to schools, which includes
prayer and Catholic life materials
an opportunity for lay people to take on
leadership roles.
We ensure that training opportunities are
increasingly accessible for governors via
on-line provision in order to ensure
Governors develop and maintain the
required skillsets to both challenge and
support the school leadership.
The prime focus for the work of BDES is in
securing, preserving and developing
Catholic education into the future, as well
as supporting schools when difficulties
have arisen, where schools have
experienced decline or turmoil and where
schools have become more vulnerable.
Our work is summed up in our Mission
Statement; 'Supporting Catholic schools
to provide excellent educt7tion where
pupils flourish and Christ is made known
to olj.
Strand Four: Famll
Supportfor morriage andfamily is o
crucial part of the Church's ministry, and
of great importGnce for society os a whole.
As a department of the Vicarlate for Palsh
Renewal, our mission is to proclalm the
good news of God's love, revealed in a
special way through the love of husband
and wife, and the love for their children.
Recognising that family life brings many
challenges and is often undermined by the
value5 of the contemporary world, the
church ha5 a special duty to accompany
our families and offer whatever support is
needed.
Six Catholic Multi Academy Trusts {MATs)
now exist in our Diocese. They operate
under distinctly Catholic name5 (Rosary
Trust, Assisi Catholic Trust, Christus
Catholic Trust, Good Shepherd Catholic
Trust, Our Lady of Grace Catholic Trust
and Our Lady of Fatima Trust). This
approach remains the preferred structure
for Catholic schools within the Diocese of
Brentwood. The majority of our schools
have now been academised, We have
seven independent schools,
Where ongoing support is required,
couples are introduced to other
appropriate organisations such as
Marriage Care or Retrouvaille, or their
own parish.
To help schools in the procurement of
supplles which are both ethical and good
value, we facilitated a 'Company's Day, In
January 2024, The day was run in
conjunction with Church Marketplace, and
was a great success.
Our Chancery Office processes marriage
papers for marriage5 taking place inside
and outside the Diocese, and supported
another significant increase in the process
of marriage papers when compared to the
previous year..
56 (last year 811 sets of marriage
papers for marriages taking place
outside the Diocese, mostly
overseas.
Our vision is that our schools will work
together collaboratively in a formal
structure which works for them, and
benefits both pupils and staff.
SCHOOL GOVERNANCE
Governance is an area of key importance
to our Diocese and continued to represent

43 (last year 59) sets of marriage
papers where one party belonged
to another religion.
52 (last year 43) sets of papers,
where one party had not been
baptized;
86 (last year 119) sets of marriage
papers for Catholics wishing to
convalidate their civil marriage in
the Catholic Church.
of their Catholic Faith and to deepen their
relationship with Christ though a life of
prayer and service. Inspired by the Holy
Spirit, it is hoped that lay men and women
will find ways to grow in confidence as
disciples and be better witness to the
Church's mission of hope.
A dedicated website was launched in June
2021.
thr
shold
e.co.u
The year on year decrease was expected
due to the impact of a catch up in the
previous year due to marriages being
postponed during the COVID pandemic.
Strand Six: Inte
ration
Make sure that every person of whatever
bockground canfind in you a welcoming
heart.
In addition, the work of the Chancery
enabled people to marry in Churches of
other denominations, but with the
necessary dispensations to allow the
marriages to be recognised as valid by the
Catholic Church.
In our Vision we seek to build on the rich
diversity of people in our Diocese through
a generou5 inclusivity. We look to work
together with people of all faiths and
none where the opportunity arises.
Strand Five: Formation
INTERNATIONAL TWINNING
Formation is a life-long process of listening
to what the Holy Spirit is calling us to be
and to do
Our Diocese is twlnned with the Diocese
of Dundee, Kwa-zulu Natal, South Africa.
Our solidarity with our fellow Catholics in
Kwa-zulu Natal is demonstrated by
parishes and schools in both dioceses
having twinned with each other. They
build practical relationships beyond
friendship and spiritual support.
Fr Gerry, a Brentwood Diocese priest,
regularly travels to Dundee to help
support the Twinning Project.
In order to support our catechists, we
continue to offer The Bishop's Certificate
in Catechesis and Youth Ministry is a
yearlong course of 12 modules, covering
different aspects of faith and Church
teaching, a5 well as practical skills in Youth
Ministry. It is an entry-level qualification
to help in the ongoing formation of adults
who are involved in sacramental
preparation or youth ministry in our
Diocese. It includes development of
practical skills and the deepening of
theological knowledge.
During the year parishes raised over
£7,300 for the Twinning Project- falling
slightly from the previous year, when the
figure was over £10,000.
The Vicariate for Parish Renewal aims to
provide a variety of resources and support
for those lay men and women who wish
to develop a more mature understandin8

Strand Seven: Leaders
recognising that most of the work of our
Diocese occurs through the parishes and
that many regulatory burdens fall on
them. Finance and Administration
guidelines are circulated on a regular basis
to parish, to ensure that the most up to
date guidance is available for Parish
Priests, parish administrators, and
volunteers.
By right of baptism oll are called tofulfil
their vocotion GS the people of God.
Duringthe year leaders continued to
support our parishes and wider
communities.
School Governorship is an important role
for lay people who have appropriate skills
to perform, and we continue to encourage
people to come forward and train. We
provide support governors and at the
online governor conference in March
2024 provlded an overview of the new
diocesan guidance on admlsslons.
We continued to offer a central payment
facility for parishes as more suppliers
request payment electronically.
Alternatlve methods of giving continue to
be considered across the Dlocese as the
banking network continues to shrink and
the process of banking cash becomes
more problematic.
Also, in education leaders have been
appointed to be Trustees of our Catholic
Multi Academy Trusts. This 15 a key role
for people to play in the future of our
children and of catholic education.
The Finance Team provide online training
on a regular basis for new volunteers and
existing volunteers who are keen to learn
new methods of working, Annual training
is made available to all those involved the
Finance and Gift Aid process, covering
GDPR, Cyber Security, as well as General
Finance and Gift Aid.
Approximately 700A of our parish
representatives are volunteers and we
offer our thanks to them for their time
and commitment.
The Diaconate Is another key area where
leadership can be exercised in our
Diocese. During the period five people
were in preparation for this ministry on
the Southern Diaconate Formation
Programme.
Could ou be a deacon in our diocese?-
Brentwood Diocese
dioceseofbrentwood.net
Strand El ht: Material Assets
Property Team: The Property Sub-
Committee has delegated responsibility
for both advising and making
recommendations to the Board of the
Corporate Trustee on strategic property
matters across the Diocese and, under
devolved powers, approval of property
related parish expenditure in line with
financial policy.
As stewards of all that God has given to
us, it is our responsibility to Use those gift5
as well as we con.
Parishes and Parish Partnerships have
been looking at their material assets as a
whole to see how they can be best used
to fulfil our objectives and our Vision in
their local context.
The responsibility for managing the
maintenance of parish buildings rests with
the parishes under Canon Law although it
is the responsibility of our diocese as a
Central Finance Team., Our work focussed
on increased support to the parishe5,
10

registered charity to ensure that assets
are kept in a reasonably good condition.
To complement the condition survey
programme, funding towards the costs of
energy surveys has been made available
to parishes in order to help form a
sustainability strategy to support the
Diocesan Laudato Si commitments.
of fire risk assessment completed by an
authorised diocesan fire risk assessor.
Strand Nine: Pra
erands
iritualit
Our relationship with God in Jesus Christ
will only continue to develop and grow if
we pay attention to it.
Prayers of intercession are made
continuously throughout the year and
during the year.
htt
www,brentwoodvocations,co.uk
has many resource5 including prayers for
vocations to the priesthood,
htt
www.brentwoodvocations.co.uk
ra
ers-2
Health & Safety
The Health and Safety Sub-committee
assists and advises the Board of the
Corporate Trustee in the discharge of its
health and safety responsibilities. The
Dlocese appoints external consultants,
SafetyToolbox Ltd, a5 the diocesan health
and safety consultant and competent
person to provide competent advice and
support on the management and
implementation of health and safety, fire
safety and other related matters across
the Diocese. During the year a series of
online health and safety training modules
were delivered for all clergy, parish staff
and health and safety volunteers. The
diocese recognises that fire has a unique
capacity to threaten life, damage
property, harm the environment and
compromise our mission. Accordingly, the
diocese is committed to taking reasonable
and necessary measures to prevent fire
and protect life safety in the event of flre
in the context of the activitie5 of the
Diocese. The Board of the Corporate
Trustee as well as those in control of our
premises have legal obligations under the
Regulatory Reform (Fire Safety> Order
2005 {the FSO) and other relevant
legislation. The updated Fire Safety Policy
provides detail of a strengthened fire risk
assessment programme which follows a
five year cycle beginning with the delivery
Strand Ten: Prlests and Peo
We will explore new ways to recognise
each other's gifts and to collaborate to
bring our vision to reality.
We are thankful for the priests serving our
Diocese and . During the year, as
congregations returned to our churches,
many clergy continued to utilise the new
ways that had been found to keep in
contact with our parish communities
durlng the pandemic. More masses
contlnued to be live streamed, and where
possible, social media and online facilities
helped maintain contact and provide
support for the local parish communities.
Compulsory Safeguarding training now
takes place for all clergy, a5 well as regular
health and safety training.
Days of Recollection durin8 Advent and
Lent are also offered to our clergy.
11

Strand Eleven: Vocations to the
Priesthood
In 2023, although we began to feel that
things were starting to get back 'on track,,
with successful pilgrimages to Lourdes
(travelling as a group of 112 representing
39 parishes and 9 secondary schools) and
also World Youth Day in Lisbon, due to the
lack of volunteers we were unable to offer
a full programme of retreats. Instead we
made our retreat centre available to
schools and parishes to run their own
retreats and training days.
We have continued to recognise that our
first duty to encouroge vocotions as
Catholics is to prayfor priests and those
considering priesthood.
The vocations website includes interesting
and inspirational vocation stories told,
by our diocesan priest5 and some of our
seminarians. These powerful witnesses
were recorded live as part of the holy
hours to pray for vocations held
throughout our diocese
www.brentwoodvocations.co.uk
s-stories
The stories are also available via
@BrentwoodVoc5
Walsingham House holds the Lotc Quality
Badge (Learning Outside the Classroom), a
national award which assesses both risk
management and educational provlsion.
vocation
In September 2023 we ran two retreats
for Year 13s- in order to promote the
opportunity to volunteer at Walsingham
House and to ensure that a full retreat
programme could be rolled out for the
academic year 2024-25.
We continue to pray for our seminarians
and that many more will listen and
respond to the call of Jesus to share in his
priesthood.
Young people are the future of our church
Strand Twelve: Youn
Peo
You too, dear young people, con be joyful
witnesses of his love, courogeous
witnesses of his Gospel, corrying to the
world o ray of his light.
Our Vicariate for Youth Mlnistry can
function only because of the Ereat
dedication of volunteers- young adult
volunteers aged 18-23 who typically work
with our staff at our Walsingham House
retreat centre, for a year. During the
COVID pandemic retreats and pilgrimages
were cancelled- the effects were felt
acutely by young people. The greatest
challenge to faith and to the work of the
Vicariate were the limitations of in-person
gatherings.
12

REPORT OF THE DIRECTORS OF THE CORPORATE TRUSTEE
structure, Governance and Management
The Brentwood Roman Catholic Diocesan Trust {the Charity) was constituted by Trust Deed in 1947.
It is a registered charity, number 234092. Its objects are the advancement of the Roman Catholic
religion in the Diocese by such means as the Bishop may think fit and proper for the service and
support, whether in the Diocese or outside the Diocese, of charitable works and objects promoted by
the Church. In addition, there are two separate funds which are registered as individual charities:
The Brentwood Ecclesiastical Education Fund (BEEF) - the fund of the Diocese which meets
the cost of educating and training seminarians- is a separately constituted charity under a
Trust Deed, dated 11 July 1922, and registered under number 1067745. It is accounted for as
a restricted fund within the Diocesan accounts.
The investments of our Diocese are managed as a Pooled Fund, which is separately registered
with the Charity Commission under number 1067742.
An order of the Charity Commlssioners under 596{6} Charities Act 1993 permits the three charities,
which have the same Trustee, to be treated as a single entity for accounting purposes.
Admlnistration of the Charlty is through the Brentwood Roman Catholic Diocese Trustee (the
Corporate Trusteel. The Brentwood Roman Catholic Diocese Trustee, a company limited by
guarantee, was set up in 1948 to act as custodian trustee in relation to the Charity and the
ecclesiastical trusts of the Diocese. Its company number is 450897.
All parish property is in civil law held by the Corporate Trustee, subject to the Charity Trust Deed.
The acquisition or disposal of parish property therefore must be sanctioned by the Directors of the
Corporate Trustee, and all relevant documentation must be drawn up in the name of the Corporate
Trustee.
Dlrectors of the Corporate Trustee
In keeping with the Charlty's objectives, it is a requirement that candidates for Directorship are
committed Roman Catholics. The power to appoint Directors is vested in the Bishop of the Diocese.
Where additional Directors are required, the Bishop will consider the range of skills and experience
required on the Board (such as finance, investments, strategic planning etc,), and will approach
individuals in the Diocese who are likely to meet these requlrements. Prospective Directors are
provided wlth full information on the Charity's constitution, objects and finances. Training materlal
is made available as necessary, and Directors are encouraged to complete online training modules
which have been approved by the Charity Commission.
Governance of the Charity
The Charity is governed by the Board of Directors of the Brentwood Roman Catholic Diocese Trustee
{the "Corporate Trustee") which consists of the President of the Corporation (the Bishop of
Brentwood) and up to fourteen other Directors.
The Board, in conjunction with the canonical bodies established by the Bishop to be his advisors and
consultors, is responsible for the development and implementation of policies which ensure
compliance with civil legislation and canon law. The key policies are safeguarding, health and safety,
risk management, the production of financial budgets, the exercising of financial controls through
regular financial reporting, the management of Diocesan properties, polices relating to employment
and the compliance of the Charity with relevant company and charity legislation.
13

Authority for the management of the day-to-day business of the Diocese and compliance with civil
legislation is delegated by the Board to the respective departmental Directors and parish priests in
accordance with their directions.
In March 2014, the Finance Board (now known as the "Board") approved revised Articles of
Association for the Corporate Trustee, establishing the Bishop of Brentwood as the sole Member of
the Corporate Trustee; the Board cannot implement a decision with which the Bishop disagrees. In
December 2020, following an internal governance review, the Articles of Association were further
revised, inter alia removing references to the 'Finance Board, and replacing these with the 'Board"
Sub-committees of the Board
The Board has established several Sub-committees delegating to them the consideration of specific
areas of irnportance to the Diocese and authorising them to make some decisions and to submit
recommendations to the main Board for approval..
Parish Renewal
Education
Finance and Adminlstration {including Investments)
Health & Safety
Human Resources & Diversity
Property
Safeguarding
Youth Ministry and Pastoral Care
A separate committee (not a Sub-committee of the Board) reviews the provision of support to
sick and retired clergy and meets on a regular basis.
Key Management Personnel
The Trustee considers that the Directors of the Corporate Trustee, together with the Director of
Finance, the Director of Education, the Diocesan Safeguarding Coordinator, the Diocesan Director of
Development, the Director of Property and the Bishop's Delegate for Civil Administration comprise
the key management personnel of the Charity, in charge of directing, controlling, running and
operating the Charity on a day to day basis. Salaries are reviewed on an annual basis by the Human
Resources Team and authorised by the Board.
All Directors of the Trustee gave of thelr time freely, and no Director received remuneration in
respect of their services as Directors of the Corporate Trustee. Details of the Trustee Directors,
expenses are disclosed in Note 18 of the accounts.
Financlal Revlew
Investment policy The Diocese follows a total return investment policy, to achieve long term capital
and income growth, to provide sufficient income to support today's beneficiaries whilst still seeking
'real' growth in capital over rolling 5 year periods to meet the future needs of the Charity.
The 5 year annualised performance of the portfolio was 7.IOA as at 31 March 24 in comparison to the
5 year annualised CPI of 4.4%.
The Portfolio has performed better when compared to the ARC Peer Groups.
The Trustee is empowered within the Trust Deed to invest any monies as authorised by law for the
investment of trust monies, in a manner which it thinks fits with the consent of the Bishop. The
provisions of the Trustee Act 2000 apply.
14

Under section 26 of the Charities Act 1993, an Order was made by the Charity Commission on 5
December 1999 granting the Trustee power to appoint an investment manager, and to appoint a
corporate body as the Trustee's nominee to hold the investments of the Charity. The General Power
of Investment in the Trustee Act 2000 allows 'Trustees to invest trust funds in any kind of investment,
excluding land (except under certain provisions], in which they could invest if they were the absolute
owner of those funds,.
Diocesan Ethlcal Policy for investments: The Diocesan investment portfolio avoids investment in
tobacco, arms, alcohol, gambling and pornography. Investment is also to be avoided in companies
which support oppressive regimes, or trade in products which are produced by child labour or in
forced labour camps, or companies which have been involved in the exploitation or unjust treatment
of employees.
Our investment managers, Sarasin and Partners LLP, monitor any investments made by their
Endowment Fund In companies which generate any revenue from the direct or indirect manufacture
of pharmaceutical products, the use of which would contravene the Catholic Church's teaching on
the sanctity of life, The fund manager also seeks to avoid investments in companies involved In
predatory lending. Our investment managers take a pro-active approach in respect of voting on
company resolutions, in order to promote responsible long- term stewardship. The Sarasins
Endowment Fund wlll not invest in tobacco and wlll also avoid investment in companies that have
more than IO% of their turnover from the following:
Alcohol Manufacture
Armaments
Gambling
Pornography
Sarasin & Partners has continued to actively engage with companies and regulators in order to
uphold high standards relating to environmental, social and governance matters on behalf of the
Trustee.
Risk Management: The Directors of the Corporate Trustee have assessed the major risks to which
the Charity is exposed and are satisfied that adequate systems are in place to mitigate exposure to
these risks. Risks are recorded, by department, and a RAG status applied. Actions to mitlgate the
rlsks are identified and a timescale for completion assigned. The major risks are considered to be
health and safety (ensuring that our buildings are maintained to an adequate standard, and policies
adhered tol, and pastoral (the falling number of priests in ministry), To mitigate the health and safety
risks, a Health and Safety Committee rneets on a regular basis to ensure that policies are being
communicated and applied appropriately, risks are reviewed and action taken where appropriate.
Health and Safety representatives are appointed at parish level. In respect of the falling number of
priests in ministry, the Diocesan Vision addresses this issue and sets out plans in order to mitigate
this risk going forward.
Financial Control Policy: Our Diocese has a series of financial controls and signing limits in place (in
the parishes and at the Curial in order to enable the Corporate Trustee to exercise its le8al duties:
To ensure we are carrying out our purposes for the public benefit
To comply with our governing document and the law
To act in the best interests of our Diocese
To manage responsibly the resources of our Diocese
To act with reasonable care and skill
To ensure that we are accountable.
15

We continued to review the support provided to parishes during 2023-24, together with our
associated controls and procedures continue to be reviewed on an ongoing basis.
Public Benefit: The Board Members confirm that they comply with the duty in S17 of the Charities
Act 2011 to have due regard to the Charity Commission's public benefit 8uidance when exercising
any powers or duties to which the guidance is relevant. Details of the main activities undertaken to
further the charity's purposes for the public benefit are noted earlier in this document.
Fundraising Policy: Our Diocese is re8lStered with the Fundraising Regulator and is committed to the
Fundraising Promise. We do not use any external fundraisers.
We will commit to high standards, adhering to the Fundraising Code of Practice at all times,
monitoring any person that raises funds on our behalf, and complying with the law as it
applies to charities and fundraising.
We will be clear, honest and open, in respect of what we will do with donations, how gifts can
be made or amended, and the purpose of our Charity.
We will be respectful of the rights and privacy of any donor.
We will treat donors and the public fairly and reasonably, and not accept donations from
those individuals who we believe may lack the capacity to make an informed decision
We wlll hold ourselves accountable and responsible. en5urln8 that our resources are managed
responsibly and that we have a complaints procedure in place. No complaints about
fundraising activities were received durin8 the year.
Reserves Policy: Unrestricted reserves, including parochial funds, totalled £51.4m. Restricted and
endowment funds totalled £9.2m.
Central Diocesan reserves are held to meet the future needs of the Diocese as a whole and absorb
the impact of any material risk.
Parochial reserves are held to meet the cost of future repairs and maintenance or major building
projects which cannot be met out of expected income. The Diocese considers parish funds to be
designated at parish level, for parish requirements.
The policy of the Diocese is to maintain its reserves at a level that will provide the income necessary
to assist it in implementing its future objectives, including but not limited to the increased cost of
caring for the Sick and Retired Clergy of the Diocese. The Diocese alms to hold cash reserves of £IOm.
Cash reserves as at 5 April 24 stood at £11.2m. Due to the size of the Diocese and the number of
parishes within the Diocese, the Directors feel that this is a reasonable amount to cover expenditure
for the period of one year. Should cash reserves fall below this, dependin8 on the projected cash
flow, investments may be liquidated.
Funds invested, and how they will be applied
Restricted funds £8.3m The two largest funds are as follows:
The Brentwood Ecclesiastical Education Fund (BEEF), a fund for the support and training of
seminarians, was valued at £4.4m as at 5 April 2024. As at April 2024 there were five
seminarians. When in seminary, each normally costing just under £50,000 p.a. During
2023/24, a legacy of £270,000 wa5 recognised which together with gain5 in investments led
to a surplus for the period.
The second largest restricted fund is the Sick and Retired Clergy Fund standing at £1.89m.
The Diocese is planning how best to finance the support of priests due to retire over the next
10-15 years.
16

Designated funds £2.7m
The largest designated fund is the General Education Fund which stand5 at £2.3m. With the
development of a new diocesan vision and strategy for Education, the Trustee considers how
best to utilise these funds.
Permanent Endowment funds £lm
The largest endowment fund is the Crowhurst legacy which stands at £0.5m - these funds are
to be used to buy a suitable property for sick or retired priests. These funds have been used
to purchase properties in order to meet the housing requirements of sick and retired priests.
Unrestricted funds held by the centre £8.9m
Non-parochial unrestricted funds are invested in the Sarasin Endowment Fund (formerly
Alpha CIF for Endowments) in order to generate investment revenue which contributes to the
work of the Curia. The fund value has decreased year on year.
Financial Performance: With reference to the statement of financial activities in the financial
statements.
At the end of the financial year 2023-24 diocesan funds as a whole totalled £62.2m12023: £60.3m}.
Income has increased from £16.7m in the prior year to £17,7m, A continued gradual recovery in
donations income and other income streams such as hall rental continues and one parishes have
applied and received grant income in order to help finance projects. Other income of £189k was
generated primarily from the sale of one parish site (2023: £5k).
As part of the Diocesan Renewal process, we are reviewing our material assets in order to decide
how best to use them for the future.
Expenditure increased from £16,7m in the previous year to £17.2m, the most significant driver being
an increase in costs incurred for liturgical and catechetical purposes.
Parlsh Reserves As at 5 April 2024, parish fixed assets totalled £18.4m12023: £16.6m) and free
Parochial reserves £21.4m (2023: £22.5m). A large part of the increase in fixed asset value related to
primarily to a project in one parish.
Plans for the Future
Our Diocesan Vision lon pages 3-12) details our plans for the future, the renewal process was
relaunched in January 2024.
Disclosure of inforrnation to auditors
The Members of the Board of the Trustee who held office at the date of approval of this report
confirm that, so far as they are each aware, there is no relevant audit information of which the
charity's auditors are unaware. and:
each member has taken all the steps that he or she ought to have taken to be aware of any
relevant
audit information and to establish that the Charitvs auditors are aware of that information
17

STATEMENT OF TRUSTEE'S RESPONSIBILITIES
The Trustee is responsible for preparing the Trustee's Annual Report and the financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom
Generally Accepted Accounting Practice).
Charity law requires the trustees to prepare financial statements for each financial year. Under that
law the Trustee has elected to prepare the financial statements in accordance with United Kingdom
Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law}.
Under charity law the Trustee must not approve the financial statements unless satisfied that they
give a true and fair view of the state of affairs of the charity and of the incoming resources and
application of resources, including the income and expenditure, of the charity for that period.
In preparing these financial statements, the Trustee is required to:
select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP 2019 {FRS 1021;
make judgements and estimates that are reasonable and prudent,.
state whether applicable accounting standards have been followed, subject to any material
departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless It is inappropriate to
presume that the charity will continue in operation.
The Trustee is responsible for keeping proper accountin8 records that disc105e with reasonable
accuracy at any time the financial position of the charity and enable it to ensure that the financial
statements comply with the Charities Act 2011, the Charities {Account5 and Report Regulations)
2008 and the provisions of the trust deed. It is also responsible for safeguarding the assets of the
charity and hence for taking reasonable steps for the prevention and detection of fraud and other
irregularities.
Approved by the Board of the Corporate Trustee orqmar 2025 and signed on its behalf by:
Director
18

Reference and administrative details of the charity, sole trustee and advisers
REFERENCE AND ADmINI￿RATivE DEtAILS OF THE CHARITY, SOLE TRUSTEE AND ADVISERS
REGISTERED NAME
Brentwood Roman Catholic Diocesan Trust
CHARITY REGISTRAMON NUMBER
234092
SOLE TRUSTEE
The Trust is adminisiered by the Brentwood Roman Catholic Diocese Trustee (Trust
Corporarion- a company Incorporated 13tn March 1948, Company Registration
4508971
PRINCIPAL OFFICE AND AEGISTERED
OFFICE OF THE SOLE TRUSTEE
Cathedral House
In8rave Road
Brentwood
Essex CMJS 8AT
DIRECTORS OF THE SOLE TRUSTEE
(known as Members ofthe Board?
Thp Directors who have seroed durln6 ihe year, and since, are as
follows..
Rt Rev Aldn Williams S.M.
Rt Rev Mgr Kevin Hale VG
Rt Rev Mgr Chrlstopher 8rooks
Rev Patrick Daly (appointed 19 September 20241
Rpv Domlnic Howarrh
Rev Slephon Myers
Mr Eghosa Idchen lappoinlcd 21 November 20241
Mr Poter johnson
Mr5 Nicolina Lyon
Mrs Maureen Okoye
DIOCESAN FINANaAL SECREfARY
Anne-marle Stokkereir
BANKERS
HSOC PI.C
enton Housp
85-89 N?w Londoii Vload
Chèlmsford
Essex CM2 L)PP
SOLICITORS
Stone Kln8
Boundary House
91 Chaiierhovsg Street
Londoii LLIM 6HR
AUDITORS
Price Ilailey LLP
Tenny£an House
LambridRe 8iJ8irie5s Park
Cambridge
CB4 OW7.
INVESTMENT ADVISORS
Sarasin & Partners LLP
Juxon House
Iw st Paul'5 Churchyard
London EC4M 8BU
19

INDEPENDENT AUDITORS REPORTTO THETRUSTEE OFTHE BRENTWOOD ROMAN
CATHOLIC DIOCESAN TRUST
Opinion
We have audited the financial statements of The Brentwood Roman Catholic Diocesan Trust (the 'charity'l for the year
ended 5 April 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cashflows
and notes to the financial statements, includin8 significant accounting policies. The financial reporting framework that has
been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting
Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally
Accepted Accounting Practice).
In our opinion the financial statements,.
give a true and fair view of the State of the charlty's affalrs as at S April 2024, and of its incoming resources and
application of resources, including its income and expenditure, for the year then ended,.
have been properly prepared in accordance wlth Unlted Kln8dom Generally Accepted Accounting Practice,, and
have been prepared in accordance with the requirements of the Charities Act 2011.
8asls for oplnlon
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our
responsibilities under those standards are further described in the Auditorf5 responsibilities for the audit of the financial
statements section of our report. We are independent of the charity in accordance with the ethical requirements that are
relevant to our audit of the financial statements in the UK. including the FRC'S Ethical Standard. and we have fulfilled our
other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained
is sufficient and appropriate to provide a basis for our opinion.
Concluslons relating to going concern
In auditing the financial statements, we have concluded that the tru5tee5' use of the goin8 concern basis of accountin8 in
the preparation of the financlal statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions
that, individually or collectively, may cast Significant doubt on the charity's ability to continue as a going concern for a
period of at least twelve months from when the financial statements are authorlsed for Issue.
Our responsibllitles and the responsibilities of the trustees with respect to golng concern are descrlbed In the relevant
sertions of this report.
Other Informatlon
The other information comprises the information included in the trustees, annual report, other than the financial
statements and our auditor's report thereon. The trustees are responsible for the other information contained within the
annual report. Our opinion on the financial Statements does not cover the other information and, except to the extent
otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
Our responsibility is to read the other information and, in doing so, consider whether the other information is materially
incon515tent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to
be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required
to determine whether this gives rise to a material mi5Statement in the financial statements themselves. If. based on the
work we have performed, we conclude thal there is a material mi55tatement of this other information, we are required to
report that fact.
We have nothing to report in this regard.
20

## INDEPENDENT AUDITORS REPORT TO THE TRUSEE OF THE BRENTWOOD ROMAN CATHOLIC DIOCESAN TRUST 

or having effect thereunder. 



INDEPENDENT AUDITORS REPORTTO THE TRUSTEE OF THE BRENTWOOD ROMAN
CATHOLIC DIOCESAN TRUST
We reviewed systems and procedures to identify potential area5 of management override risk. In particular, we
carried out testing a sample of journal entries and other adjustments for appropriateness.
We reviewed key authorisation procedures and decision making processe5 for any unusual or one-off transaction5.
We reviewed minutes of Trustee Board meetinBS and agreed the financial statement disclosures to underlying
supporting documentation;
We have made enquiries of management and officers of the charity regarding laws and regulations applicable to the
organisation;
We revlewed the risk managemenl processes and procedure5 in place.
We have revlewed any correspondence with the Charity Commission and revlewed the procedures in place for the
report of incident5 to the Trustee Board including serious incident reports of any such matter if necessary.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading
to a material misstatement in the financial statement5 or non-compliance with regulation. This risk increases the more that
compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as
we will be less likely to become aware of the instances of non-compliance. The risk 15 a150 greater re8ardin8 irregularities
occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, colluslon, omission or
mlsrepresentation.
A further description of our responsibilities is available on the Financlal Reporting Council's website at:
htt
www.fr .or
udi
nd-assurance
Standards-
uidance
Standards-a
This description forms part of our auditor's report.
Use of our report
Thi5 report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charltles (Accounts and
Reports) Regulatlons 2008. Our audit work has been undertaken so that we might state to the charity's trustees those
matters we are required to state to them in an auditorfs report and for no other purpose. To the fullest extent permitted
by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustee5 as a body. for
our audit work. for this report, or for the opinions we have formed.
PRICE BAILEY LLP
Chartered Accountants
Statutory Auditors
Tennyson House, Cambridge Business Park, Cambridge, CB4 OWZ
Price Bailey LLP is eligible for appointment as auditor of the charity by virtue of ils eligibility for appointment as
auditor of a company under section 1212 of the Companies Act 2006.
Date: 2 April 2025
22

BRENTWOOD ROMAN CATHOLIC DIOCESAN TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 5 APRIL 2024
Unrestricted
Funds
Parochial
Funds
Restricted Endowment
Funds
Fund5
2024
Total
2023
Total
Notes
Restated
Income from..
Donations and legacies
Other trading activities
Investment income
Charitable Actlvltles
Other income
Surplus on sale of fixed assets
14,320
83,583
458,539
51,955
8,168,519
1,277,669
226,289
648,341
6,356,896
14,539.735 13,893,447
1,361,252
1,327,315
916,887
814,750
738,959
710,817
231,965
38,663
94
188,789
188,789
4,705
Total Income
608,397
10,509,607
6,627,524
94
17,745,622 16.751,034
Expenditure on:
Raising funds
86,885
142,957
229,842
229,965
Charitable activities
2,404,257
8,376,506
6,160,382
16,941,145 16.466,862
Total Expenditure
2,491,142
8,519,463
6,160,382
17,170,987 16,696,827
Net income / lexpenditurel
before other gains and losses
11.882,7451
1,990,144
467,142
94
574,635
54,207
Investment Gains/lLosse51
Unrealised
897,701
130,3531
439,764
129,0031
1,278,109
1644,3601
Net {expendlturel/lncome
before transfers
Transfers:
From Parochial Funds
Tolfrom Restritted Funds
1985,0441
1,959,791
906,906
128.9091
1,852,744
1590,1531
15
15
1,697,123
184,4221
11,697,123)
447,955
1363,5331
Net Movements on Funds
627,657
710,623
543,373
128,9091
1,852,744
1590,1531
Reconciliatlon of funds
Funds brouEht forward
Prior year adjustment
10,953,628
39,074, 168
7.509,056
1.836,913
995,978
58,532,830 60,959,896
1,836,913
Funds Carried Forward
£11,581,285
39.784.791 £9,889,342
£967,069 £62,222,487 £60,369,743
The statement of financial activities include5 all 8ain5 and losses in the period. All operations are continuing and there are
no discontinued operations in either year. The comparative year's Statement of Financial Activities is included in note 24.
The notes form part of these financial statements
23

BRENTWOOD ROMAN CATHOLIC DIOCESAN TRUST
BALANCE SHEET
AS AT 5 APRIL 2024
2024
2023
Notes
FIXED ASSETS
Restated
Tangible fixed assets
Investments
20.872,085
29,214,539
19,248,922
28,253,761
50,086,624
47,502,683
CURRENT ASSETS
Debtors
Cash at bank and in hand
2,217,965
11,185,948
1,888,898
11.612.327
13,403,913
13,501,225
CREDITORS: Amounts
falling due
Within one year
io
11,268,050)
{634,1651
NET CURRENT ASSETS
12,135,863
12,867,060
£62,222,487
£60,369,743
FUNDS
Unrestricted - General
DesiBnated
12
12
8,907,002
2,674,283
8,430,727
2,522,901
11,581,285
9,889,342
39,784,791
967,069
10.953,628
9,345,969
39,074,168
995,978
Restricted
Parochial
Permanent Endowment
13
13
13
£62,222,487
£60,369,743
The financial statements were approved and authorised for issue by the Trustee on al March 2025 and were signed
below on its behalf by,.
Director of the Brentwood Roman Catholic Diocese Trustee
The note5 form part of these financial statements.
24

BRENTWOOD ROMAN CATHOLIC DIOCESAN TRUST
CASH FLOW STATEMENT
FOR THE YEAR ENDED 5 APRIL 2024
2024
2023
Restated
Net Cash flow from Operating
Activities
Net Income/lexpenditurel
Depreclation
Investment income and interest received
Loss{surplusl on sale of fixed assets
lincreasel/Decrease in debtors
Increase/lDecreasel in creditors
574,635
479,979
1550,530)
1188,7891
1329,0671
636,885
54,207
418,465
1585,7991
1,019,620
{189,9021
623,113
716,591
Cash flows from Investlng a¢tivltles
Investment income and interest received
Proceeds from sale of investments
Purchase of tangible fixed assets
Proceeds from sale of tangible fixed assets
550,530
317,331
12, 129,5141
215,161
585,799
1331,8271
11,046,492>
253,972
1423,3791
970,563
Cash flows from financing activities
Movements on loans to parishes from third
Parties
13,0001
12501
Change in cash and cash equivalents in the year
Cash and cash equ ivalents at the beginnin8 of the
Year
1426,3791
970,313
11,612.327
10,642.014
Cash and cash equlvalents at the end of the year
£11,185,948
£11,612,327
Analysis of changes in net debt
Notes As at 614123
Restated
11,612,327
18,1)01,759
Cash flows
Fair
Movements
Value
As at 514124
Cash
Cash Equivalents
{426.3791
11.185,948
19.263,616
1,261,857
Loan5 and creditors falling due
within one year
Total
io
1634,1651
1633.8851
11,268,050)
£28,979.921
£11,060,264)
£1,261,857
£29,181,514
The notes form part of these financial statements
25

BRENTWOOD ROMAN CATHOLIC DIOCESAN TRUST
STATEMENT OF ACCOUNTING POLICIES
FOR THE YEAR ENDED 5 APRIL 2024
The financial statements have been prepared in accordance with all statutory requirements and with Accounting and Reporting
by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable to the UK and Republic of Ireland IFRS1021 (Effective l January 20191- Icharities SORP
IFRS10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021. The particular accounting
policies adopted are described below. The financial statements are prepared under the historical cost convention, as modified
to include certain tangible f ixed assets at a valuation and fixed asset investments at market value. Figures are presented in sterling
and rounded to the nearest pound.
The Brentwood Roman Catholic Diocesan Trust meets the definition of a public benefit entity under FR5102 and was constltuted
by Trust Deed in 1947. The Brentwood Ecclesiastical Education Funds IBEEFI is separately constituted under Trust Deed dated
11 July 1922 and registered with the Charity Commlssion under number 1067745. The Brentwood Diocesan Investment Pooled
FLtnd 15 Separately re8lStered with the Charity Commission under number 1067742. Under S26161 of the Charities Act 1993,
these three charlties which have the Same Trustee are permitted to be treated as a single entity for accounting purposes. The
financial statements have been prepared to give a 'true and fair, view and have departed from the Charities IAccounts and
Reports) Regulations 2008 only to the extent required to provide a 'true and fair view, This departure has involved following
Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reportin8 Standard applicable
in the UK and Republic of Ireland IFRS 1021 effective from l January 2019 rather than the Accounting and Reporting by
Charities: Statement of Recommended Practice effective from l April 2005 which has since been withdrawn.
Preparatlon of accounts on a 8oln8 concern basls
Having considered the cash reserves as at February 2025, future budgets and cash flows, the Trustee confirms that there
are no material uncertainties about the entity's ability to continue as a going concern for the foreseeable future.
The Directors of the Corporate Trustee have reviewed the cash reserves as February 2025 and the projected cash outflow
over the next twelve months. In light of these considerations, the Trustees continue to adopt the going concern basis in
preparing these financial statements.
bl
Legacles, Donatlons and Grants
Legacies and donations are recognised when receivable or when the Diocese becomes legally entitled to them and receipt
is probable, and they can reasonably be measured in financial terms. Receipts of property, investments or other glfts In
klnd are Included at market value. Grants are recognlsed when the charity has entitlement and when the amount is
measurable.
Investment Income
Investment income is accounted for as it accrues.
d}
Expendlture
Costs of raising fund5 comprise those costs associated with attracting voluntary income and the management of the Charity's
investments.
C05t5 of charitable activities con51St of all expenditure direttly relating to the objects of the Charity. Support costs which
cannot be directly a51ocated are apportioned between charitable activitie5 and governance c05t5 on the basis of the
Trustee's estimate of the time spent on the relevant functions.
Employment benefits, including holiday pay, are recognised in the period in which they are earned. Termination benefit5
are recognised in the period in which the decision is made and communicated to the relevant employeel51.
Governance c05t5 include expenditure on management and compliance with constitutional and statutory requirements
together with an allocation of 5UPPOrt cost5.
Irrecoverable VAT is included with the category of expenses to which it relates.
26

BRENTWOOD ROMAN CATHOLIC DIOCESAN TRUST
STATEMENT OF ACCOUNTING POLICIES Icontinuedl
FOR THE YEAR ENDED 5 APRIL 2024
el Tanglble Fixed Assets
Prior to 6 April 1996 the cost of fixed assets was written off In the year of acqu isition and no comprehensive cost
records were maintained. In order to arrive at a reasonable valuation of parish property, taking into account
age, type, condition and life expectancy, the Trustee considered that insured values at 6 April 1997 should be
discounted by 90% and in subsequent years be depreciated at 2Yo per annum. This valuation will not be updated in
the future. Properties acquired after 6 April 1996 are capitalised at their actual cost of acquisition.
The school properties (land and buildings) are vested in the name of the Diocesan Trustee. The Diocesan Trustee
cannot take a unilateral decision to dispose of these properties. Disposal can only occur if the school governors
and the Secretary of State for Education decide that all or part of a school site 15 no longer required for education.
In most circumstances, where a disposal occur5, the Secretary of State or the local authority may be entitled to
recoup grant. Although no rights of ownership vest in the school governing body, most other rlghts and
obllgatlons, such as for the maintenance and repalr of the School and its fa¢lllties, are passed to the governors. The
Trustees therefore con51der that, for the purposes of these financial statement5, the nature of thelr ownershlp Is
that of a custodianship, however these properties have been purchased and written off in the Diocesan accounts
for the amounts that the Diocese contributed in the past and the costs involved have not been Separately
identified and are not considered material in the overall context of the accounts.
The estimated cost of furniture, equipment and motor vehicles held at 6 April 1996 has been capitallsed In the
financlal statements. Subsequent additions are capitalised at cost. Individual works of art, historical treasures and
plate are not depreciated as they have extremely long Ilves and are considered to be worth preserving indefinitely,
Depreciation is calcu lated by the straight Ilne method to write off the cost/value less anticipated resldual value,
over the expected usefu I lives of assets as follow5'.-
Freehold buildings additions since 6 April 1996 50 years
10 years
Fixtures and fittin8S
Furniture and equipment 1> £5,000}
5 years
Motor vehicles
4 years
The residual values of buildings held at 6 April 1996 are considered to be significantly higher than their carrying value
In the accounts resulting In a nil value for depreciation charge.
27

BRENTWOOD ROMAN CATHOLIC DIOCESAN TRUST
ST AI EMENT OF ACCOUNTING POLICIES Icontinuedl
FOR THE YEAR ENDED 5 APRIL 2024
f)
School Building Programme
The Diocese assists schools undertaking major projects by meeting the costs and claimi ng grants on behalf of the
schools. These grants are netted off against the cost and only the net costs to the Diocese are included in the
financial statements
81
Flnanclal Instruments
The charity only has flnanclal assets and financial liabilities of a kind that qualify as baslc financial instruments,
Basic financial instruments are initially recognised at transaction value and subsequently measured at their
settlement value with the exception of bank loans which are subsequently measured at amortised cost using the
effective interest method, Fixed a55ets are recorded at depreciated historical cost or revaluation, Snvestments are
recorded at their fair value which is the market value as disclosed in note 11 and all other asset5 and liabilitie5 are
recorded at Cost which is their fair value.
Investments
Pooled investments are valued at fair value on the balance sheet date. Investment properties are valued at fair
value and stated at a Trustee's valuation. Unrealised gainsllosses on investments are calculated as the difference
between opening market value and closing market value after adjustin8 for additions and disposals during the year,
less investment management and administration costs.
Debtors
Short term debtors are measured at transaction price, less any Impalrment. Loans receivable are measured initially
at fair value, net of transaction costs, and are measured subsequently at amortised cost usin8 the effective interest
method, less any Impairment.
J)
Cash and cash equlvalents
Cash is represented by cash in hand and deposits wlth flnanclal Institutlons repayable without notice of not more
than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the
date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in
value.
k)
Credltors
Creditors and provision5 are reco8nised where the charity has a present obligation resulting from a past event that
will probably result in the transfer of fund5 to a third party and the amount due to Settle the obli8ation can be
measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after
allowing for any trade discounts due.
28

BRENTWOOD ROMAN CATHOLIC DIOCESAN TRUST
STATEMENT OF ACCOUNTING POLICIES Icontinuedl
FOR THE YEAR ENDED S APRIL 2024
Fund accounting
General funds
These comprise the accumulated surplus or deficit from the Statement of Financial Activitie5 which is not re5trlcted
nor designated funds. They are available for use at the discretion of the Trustees in furtherance of the general
objectives of the charity
Designated Funds
These funds are unrestrlcted funds earmarked by the Trustee for particular purposes. Details of the funds deslgnated
by the Trustee are set out In note 12.
Restricted Funds
These funds are subject to restrictions imposed by the donor. Details of funds subject to legal Testriction are set out
in note 13.
Parochial Funds
Each parish within the Dlocese of Brentwood is established and operates under the Code of Canon law, which mean5
that each parlsh ha5 separate canonical status. Therefore, parochial funds are treated as restricted funds in these
accounts.
The use of the parochial funds is the responsibility of the Parish Priest, Board of Directors of the Corporate Trustee,
and the Bishop,
29

BRENTWOOD ROMAN CATHOLIC DIOCESAN TRUST
STATEMENT OF ACCOIJNTING POLICIES Icontinuedl
FOR THE YEAR ENDED 5 APRIL 2024
Penslons
All eligible staff af e members of an Aegon Eroup personal pension scheme to which the Charity makes contributions.
Employee5 may contribute an additional amount. As a defined contribution scheme, no liability falls upon the
Charity, 35 employer, to make good a shortfall of f unding other than contributions due.
Some staff employed in the educational work ofthe Diocese are member5 of the Teacher's Pension Scheme I'TPS'I
which is a defined benefits scheme. Diocesan contribution levels are determined by the TPS. The TPS is a multi-
employer scheme, and, as there is insuffitient information available to use defined benefit accounting, the TPS is
treated as a defined contribution scheme for accounting purposes and the contributions recognised in the period to
which they relate.
Significant judgements and estlmatlon uncertalnty
In preparing these financial statements the trustees have had to make estimate5 and assumptions that affect the
amounts recognised in these flnancial statements. Estimates and judgement5 are continually evaluated and are
based on historical experience and other factors, including expectations of future events that are believed to be
reasonable under the circumstances, Key areas subject to judgement and estimation are as follows..
Fixed asset depreciation, Judgement is applied when asslgning antlcipated average lives to the fixed assets of the
charity.
Investment properties are included at a value determined by at a desktop valuation conducted by a property
management company, or with reference to similar properties in the area of each respective property.
30

BRENTWOOD ROMAN CATHOLIC DIOCESAN TRUST
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 5 APRIL 2024
DONATIONS AND LEGACIES
2024
2023
Legacies
Donations including plate collections
Grants
VASCA 12023 restated)
385.343
9,629,752
563,058
3,961,582
493.946
9,290,496
4,109,005
£14,539,735 £13,893,447
INCOME FROM TRADING AcfiviTIES
Parish hall and other rents received
Fundraising events
Other
949,639
403,659
7,954
909,596
410,462
7,257
£1,361,252 £1,327,315
INVESTMENT INCOME
Arising on quoted investments
Income from investment properties
Bank interest
550.530
232,620
133,737
583,289
229,608
1,853
£916,887
£814,750
INCOME FROM CHARITABLE ACTIVITIES
Altar society and rep051tory sales
Chaplaincies
Retreat and course contributions
Educational courses & fees
615,929
32,412
38,663
51,955
572,552
12,629
83,510
42,126
£738,959
£710,817
31

BRENTWOOD ROMAN CATHOLIC DIOCESAN TRUST
NOTES TO THE ACCOUNTS Icontinuedl
FOR THE YEAR ENDED 5 APRIL 2024
Unrestricted
Funds
Parothial
Funds
Restrlcted
Funds
2024
Total
2023
Total
Ralslng Fund5
Fundraising and soclal
Investment property repalrs and
management
Restated
124,473
105,492
142,957
142,957
86,885
86,885
86,885
142,957
229.842
229,965
Charltable A¢tlvltle$
Provlslon of worshlp
Upkeep of buildlngs
Depreciatlon
Support costs allocated
108,663
3,563,280
339,878
11,268
3,683,211
339,878
247,969
3,591,761
278,361
235,183
225,795
22,174
334,458
3.903,158
33,442
4,271,058
4,105,305
Clergy and parlsh support
Sick and retired clergv
Clergy and church costs
Education and tialnlng
Parish administration
Support costs allocated
214,064
812,375
156,984
214,064
4,420,846
169,413
737,296
433,945
271,043
4,071,515
111,730
693,485
411,571
191,328
12,429
3,417,143
737,296
395,141
38,804
598,898
4,154,439
1,222,227
5,975,564
5,559,344
P•storJl Care and
Communlty Support
Pastoral support
Other vicarlates
Retreat centres
Local community centre
Cathedral music
Donation5 paid
Support Costs allocated
980
55,B64
76,490
980
382,989
240,839
60,461
44,011
448,626
433,945
811
349,496
249,814
64,952
33,386
415,410
411,571
327,125
164,349
60,461
44,011
167,747
395,141
264,406
16,473
38,804
1,158,834
264,406
188,611
1,611,851
1.525.440
Schools pro8rafflme
Building pro8ramme
Vicariate for education
Support cost5 allocated
24,884
174,285
112,898
54,503
4,168,020
536,996
11.086
4,247,407
711.281
123,984
4,412,601
746,583
117,589
312,067
54,503
4.716,102
5,082,672
5,276,773
2,404,257
8,376,506
6,160,382
16,941.145
16,466.862
Total Expendlture
£2A91,142
£8,519,463
£6,160,382
£17.170.987
£16,696027
32

BRENTWOOD ROMAN CATHOLIC DIOCESAN TRUST
NOTES TO THE ACCOUNTS Icontinuedl
FOR THE YEAR ENDED 5 APRIL 2024
EXPENDITURE Icontinuedl Analysis of expenditure for the comparative year:
Unrestricted
Pafochlal
Funds
Funds
Restricted
Funds
2023
Totsl
Raisln£ Fund5
Fundraising and social
Investment property
management
Restated
Restated
124,473
105,492
124,473
repalrs
and
105,492
105A92
124A73
229.965
Charltable Actlvltles
Provi51on of worshlp
Upkeep of building5
Depreciation
Support costs allocated
89,494
3,500,717
278,361
1,550
3,591,761
278,361
235,183
206,729
28,454
296.223
3,779,078
30,004
4,105,305
Cler8y and par15h support
Sick and retired cler8y
Clergy and church costs
Education and tralnlng
Parish admlnistration
Support costs allocated
271,043
720,462
102,240
271,043
4,071,515
111,730
693,485
411,571
185,174
9,490
3,165,879
693,485
361,775
49,796
556,439
3,859,364
1,143,541
5,559,344
Pastoral Care and
Communlty support
Pastoral SUPPDrt
Other vicariates
Retreat centres
Local communlty centre
Cathedral musl
Donations paid
Support ¢05ts allocated
811
811
349,496
249,814
64,952
33,386
415,410
411,571
339,605
155,148
64,952
33,386
157,101
361,776
9,891
94,666
250,037
8,272
49,795
1,111,968
250,037
163,435
1,525,440
Schools programme
Bullding programme Ire5tatedl
Vicariate for education
Support costs allocated
7,500
235,878
103,363
94,692
4,310,409
510,705
14,226
4,412,601
746.583
117,589
346,741
94.692
4,835,340
5,276,773
2,311,371
7,983,171
6,172,320
16N66,862
Total Expenditure
£2,416,863
£8,107,644
£6,172,320
£16,696.827
33

BRENTWOOD ROMAN CATHOLIC DIOCESAN TRUST
NOTES TO THE ACCOUNTS (Continued)
FOR THE YEAR ENDED 5 APRIL 2024
EXPENDITURE (continued)
2024
2023
Governance expenditure includes..
Current Auditors, remuneration
Auditors, Other services included in professional fees
Governance costs below include audit fees and legal advice received in respect of governance
45,700
45,700
Analysls and allocatlon of support costs:
Provision
of Worshlp
Support of
Cler8y
Pastoral Care &
Community Support
Schools
2024
Total
2023
Programme
Total
Flnance Offl¢e
Human Resources
Curial Administration
Chancery & Tribunal
Men5al
Rates. insurance &
utilities
Maintenance & repairs
Health & Safety.
Professional fees
Governance
Bank Interest
Depreciation
Other
professlonal fees In prlor yr
49.906
16,836
17,007
19,299
14,494
87,338
29,462
29,762
33,773
25,364
87,337
29,463
29,762
33,773
25,364
24.954
8,418
8,5Q3
9,649
7,247
249,535
84,179
85.034
96.494
72,469
235,731
87,957
110,214
91,985
69,242
24,198
14,130
13,953
991
36,095
3,566
26,841
10,653
42,346
24,727
24,419
1,734
63,167
6,240
46,971
18,642
42,346
24,727
24,418
1,734
63,167
6.240
46.972
18,642
12,099
7,065
6,977
496
18,047
1,783
13,420
5,326
120,989
70,649
69,767
4,955
180,476
17.829
134,204
53,263
77,518
45.871
134.272
123,625
15,631
134,203
49,665
£421945
£_433,945
Analysis and allocatlon of support costs for the previous year:
Provlslon
Support of
Cler8V
Pa5torJl Care &
Communlty support
Schools
2023
Total
of Wor5hlp
Pro8Tamme
Finance Office
Human Resources
Curial Administration
Chancery & Tribunal
Mensal
Rates, insurance & utilities
47, 146
17,591
22,043
18,397
82,506
30,785
38,575
32.195
82,506
30,78S
38,575
32,195
23,573
8,796
11,021
9,198
235,731
87,957
110,214
91,985
69,242
77,518
45,871
13,848
15,504
9,174
24.235
27.131
16,055
24,235
27,131
16.055
6,924
7.752
4,587
Maintenance and repairs
Professional fee5
Governance
Bank Interest
Depreciation
Other
26,855
24,725
3,126
26,841
9,933
46,995
43.269
5,471
46,971
17,383
46.995
43,269
5,471
46,971
17,383
13,427
12,362
1,563
13,420
4,966
134.272
123,625
15,631
134,203
49,665
£411571
£1 175 914
34

BRENTWOOD ROMAN CATHOLIC DIOCESAN TRUST
NOTES TO THE ACCOUNTS (Continued)
FOR THE YEAR ENDED 5 APRIL 2024
sfAFF
The average number of employees of the Diocese duringthe year and their aggregate emoluments are shown below:
2024
2023
Staff Costs:
Wages and salaries
Social security
Pension costs
Redundancy costs
2,560,725
178,299
247,910
1,428
2,471,970
176,335
252,419
1,000
£2,988,362
£2,901,724
2024
2023
Average Number of Employees:
Administration
Parish employees
No
No
41
139
45
136
181
180
Number of employees who earned £60,000 or more during the year were-
£60,000 - £70,000
£70,001- £80,000
£80,001- £90,001
£ioo,000 - £iio,000
Employer contributions totalling £35,79412023 £ 44,572) were made to personal pension scheme5 on behalf
of the above employees.
Key management personnel received salary, benefits and pension contributions of £445,838
12023, £463,513) during the year.
35

BRENTWOOD ROMAN CATHOLIC DIOCESAN TRUST
NOTES TO THE ACCOUNTS (Continued)
FOR THE YEAR ENDED 5 APRIL 2024
TANGIBLE FIXED ASSETS
Freehold
Fixtures &
Furniture &
Auto*
Bulldings
Flttings
Equipment
mobiles
Total
VALUATION AND COST
At 6 April 2023
Additions
Disposals
27,315,176
1,887,t)43
140,572)
765.002
212.972
1,243,326
29,499
14,000
29.337.504
2.129,514
(40,572)
At 5 April 2024
29,161,647
977,974
1,272,825
14,000
31,426,446
DEPRÉCIATION
At 6Aprll 2023
Charge for year
Disposals
8,504,772
358,937
114,2001
373,715
97,797
1,206,595
19,745
3,51)0
3,500
10,088,582
479,979
114,2001
At 5 April 2024
8,849,509
471,512
1,226,340
7,000
10,554,361
NET BOOK VALUE
At 5 April 2024
£20,312,138
£506,462
£46,485
£7,000 £20,872,085
At 5 April 2023
£18,810,404
£391,287
£36,731
10,500 £19,248,922
The Charity also owns a number o15chools where the Trustee conslders that their ownership is that ol a cu5todian5hlp, The assets have a net boo
value of Nl¥ havin8 been wrltlen off In thè past and not £apiialised. A list of the schools in the Oiocese is set out in the annual Oiocesan Directory.
Apart from a small proportion uspd for mana8ement and adminlstration, all fixèd assets are used in direct furtherance of thE charltvs object5.
36

BRENTWOOD ROMAN CATHOLIC DIOCESAN TRUST
NOTES TO THE ACCOUNTS Icontinuedl
FOR THE YEAR ENDED 5 APRIL 2024
INVESTMENTS
2024
2023
Investment properties
stocks, shares and unit trusts Isee below)
Subsidiary company (See note 161
9,950,920
10,252,000
19,263,617
18,001,759
£29,214,539
£28,253,761
Analysis of stocks, shares and unit trusts
Income Units in Sarasin Alpha CIF
19,057,643
17,777,743
Cash awaiting investment
36,744
COIF Charitles Investment Fund Accumulation Unlts
205,974
187,272
£19,263,617
£18,001,759
Analysis of Investment Properties
Opening Balance
10,252,000
9,628,799
Disp05als
1317,3311
Property revaluations carried out by Chartered Surveyors
Closin8 Balance
16,251
623,201
£9,950,920
£10,252,000
Total investments at market value:
Opening Balance
28,253,761
28,898,121
Disposals
1317,3311
Unrealised Ilossesl/gains during the year
1,278,109
1644,3601
Closing Balance
£29,214.539
£28,253.761
All the above investments (other than cash and property) are quoted on a reco8ni5ed UK Stock Exchange or are valued by refe¥ence to
investments listed on a feco8nised Stock Exchange. One property asset was valved by a registered RICS valuer at Cluttofts LLP during 22123. All
other propertles were valued during 22123 by RICS valuers ai Strettons Ltd (Peter Costello MRICS and Philip Waterfield FRICSI. Properties have
been re-indemed with reference to the 22123 valuatlons using ihe House Price Index lor ENgland as published on the govt.uk website. Land ha5
been revalued with reference to the Knight Frank f3rmland index.
37

BRENTWOOD ROMAN CATHOLIC DIOCESAN TRUST
NOTES TO THE ACCOUNTS (Continued)
FOR THE YEAR ENDED 5 APRIL 2024
DEBTORS
2024
2023
School related receivables
130,653
238,430
Gift Aid receivable
1,665,455
1,286,042
Parish receivables including legacy income and income from land sales
78,875
278,383
Other debtor5 and prepayments
342,982
86.043
£2,217,965
£1,888,898
10 CREDITORS
2024
2023
Amounts falling due wlthin one year..
Bank overdraft and other loans
Loans to parishes from third parties
3,750
6,750
Trust funds to be paid out
11,057
10,980
Other creditors and accruals12023 restated)
1,253,243
616,435
£1,268,050
£634.165
The Diocese has a loan from the Cathedral and Choral Trust Fund la separate charity), which is interest free, and is
repayable on a change of use of the Choir School {whether it is sold or notl, and the repayment is inf lation linked. The
likelihood of a change of use of the Choir School is considered to be remote, therefore the loan has a fair value of £Nil.
If the loan had become repayable at 5 April 2024, it would have had a value of £340,28512023 £333,303)
38

BRENTWOOD ROMAN CATHOLIC DIOCESAN TRUST
NOTES TO THE ACCOUNTS (Continuedl
FOR THE YEAR ENDED 5 APRIL 2024
ii.
FINANCIAL INSTRUMENTS
2024
2023
Financial assets measured at fair value
Finantial assets measured by amortised cost
19,263,618
2,217,965
18,001,759
1,888,898
Flnancial liabilitie5 measured by amortlsed cost
1,268,050
634,165
Financial assets measured at fair value comprise listed investments. Financial assets measured at amortised c05t
comprise grants due on school project5 and other debtors. Financial liabilitie5 measured at amortised cost comprise
loans and other creditors.
39

BRENTWOOD ROMAN CATHOLIC DIOCESAN TRUST
NOTES TO I HE ACCOUNTS (Continued)
FOR THE YEAR ENDED 5 APRIL 2024
12. UNRESTRICTED FUNDS
Balance at
Net
IExpl/lncome
Before
Gains
Gains1
Balance at
6 April
2023
(Losses) on
Investments
5 April
2024
Transfers
General Fund
8.430,727
11,911.0421
1,612,701
774,617
8.907.003
General Education Fund
Parishes in Need Fund
2,185,228
337,673
20,234
8.063
104,422
18,662
2,309,884
364.398
Total Designated Funds
2,522,901
28,297
123,084
2,674,282
£10,953,628
£11,882,745)
£1,612,701
£897,701
£11,581,285
For the comparative year:
Balance at
Net
IExplllncome
Before
Gains
Gain
Balance at
6 April
2022
ILosse51 on
Investments
5 April
2023
Transfers
General Fund
9,606,453
11,930,357)
1,167,913
1413,282}
8,430,727
General Education Fund
Parishes in Need Fund
2,255,683
348,924
35,775
7,734
1106,230}
118,985}
2,185,228
337,673
Total Designated Funds
2,604,607
43,509
1125,2151
2,522,901
£12,211,060
£11,886,8481 £1,167,913
£1538,4971
£10.953,628
General Education Fund
This fund has been set up by the Trustee to generate income to meet the cost of building and improving schools in
the Diocese. Transfers are made from the General Fund for this purpose.
Parishes in Need Fund
At its September 2013 meeting, the Finance Board agreed that the £196k received from the Catholic Church
Insurance A550ciation as its membership award should be ring fenced to be used to provide financial and other
support to Parishes defined as being "in need"
40

BRENTWOOD ROMAN CATHOLIC DIOCESAN TRUST
NOTES TO THE ACCOUNTS Icontinuedl
FOR THE YEAR ENDED 5 APRIL 2024
13.
RESTRICTED FUNDS
Balance at
Net
IExpl/lncome
Before
G8inslllosse51
Balance at
6Aprll
5 April
2023
Gains
Transfers
Investments
2024
(Restatedl
Walslngham House
15,8921
137.8281
143,7201
Sick and Retlred Clergy Fund
1,750,593
167,7501
131,200
67,146
1,881,189
Mensal Fund
612,049
151,9671
51,967
47,450
659,499
8EEF
3,839,114
257.695
13,6001
276,407
4,369,616
Vocatlons
92,425
5,951
98,376
VASCA
1,836,913
1206,4381
1,630,475
Mass Fund
198,491
11151
16,468
214,844
Parlsh Restrlcted Funds
233,427
656,972
1563,0581
327,341
Carltas Imerged wlth Soclal Welfafe
Fund prevlously in Other Restricted)
BRCDT Educatlon Fund
205,583
858
18,695
225,136
137,714
193,5261
44,188
other Restricted Funds
445,552
3,290
19,958
13,598
482,398
£9,345,969
£467,142
£1363,5331
£439,764
£9,889,342
Permanent Endowment Fund
Crowhurst Le8acv
520,978
94
121,4031
499,669
Sullivo n Special Trust
475,000
17,6001
467,400
£995,978
£94
£129,003)
£967,069
Parochial Funds
£39,074,168
£1,990,144
£11,249,168)
£130,353)
£39,784,791
41

BRENTWOOD ROMAN CATHOLIC DIOCESAN TRUST
NOTES TO THE ACCOUNTS (Continued)
FOR THE YEAR ENDED 5 APRIL 2024
Restricted Funds for the comparative year..
Balance at
Net
IExplllncome
Gain51110ssesl
Balance at
6 Aprll
Before
On
S Aprll
2022
Gain5
Transfers
Investments
2023
Restated
Restated
Restated
Walsingham House
5,264
111,1561
15,8921
Sick and Retired Clergy Fund
1,875,393
1206,7551
148,100
166,1451
1,750.593
Mensal Fund
655,294
149,5791
54,607
148,2731
612,049
BEEF
4,098,939
25,568
14,2001
1281,1931
3,839,114
Vocatlons
83,004
9,421
92,425
Mass Fund
224,454
19,2101
116,7531
J98,491
VASCA
2,038,317
1201,4041
1,836,913
Parish Restricted Funds
239,400
15.9731
233,427
Carltas (merged with Soclal Welfare
Fund previously in Other Restricted)
255,549
130,94711
119,0191
205,583
BRCDT Education Fund
54,814
82,900
137,714
Other Restricted Funds
450,627
1,790
6,968
113,8331
445,552
9,981,OS5
£1395,3451
£205,475
£1445,2161
£9,345,969
Permanent Endowment Fund
Crowhurst LeBacv
502,918
18,060
520,978
Sullivan Special Trust
455,739
19,261
475,000
£958,657
£37,321
£995,978
Parochial Funds
37.809,124
2.336,400
11,373,3881
302,032 39,074, 168
42

BRENTWOOD ROMAN CATHOLIC DIOCESAN TRUST
NOTES TO THE ACCOUNTS (Continued)
FOR THE YEAR ENDED 5 APRIL 2024
13.
RESTRICTED FUND {continuedl
Walsingham House
This house 15 used for the provision of youth retreats.
Slck and Retlred Clergy Fund
Income Is used to help support fully retired, partially retired and slck priests. Transfers represent contributions to the fund from
the Diocese.
Men5al Fund
Thls fund is used to support the Diocesan actlvities of the Bishop. Transfers represent contributions to the fund f rom the Dloce5e.
BEEF IBrentwood Ecclesiastlcal Educatlon Fund)
Thls fund meets the costs of tralning priests for the Dlocese. Transfers represent ¢ontrlbutions from collectlons on Its behalf
from the parishes.
Mass Fund
Income recelved from donors is paid to prlests who celebrate masses for the donors. Transfers represent mass stlpends pald
over to parishe5.
Parlsh Restricted Funds
These funds con515t of donations and other contributions to parlshes for speciflc purposes wlthln the parlsh.
BRCDT Education Fund
These funds are used to flnance the provision of education advisors to schoo15 wlthin the Dloce5e,
Caritas
This fund is used to promote and sUPPOrt Catholic Soclal Teaching. As such, the pre-existing Social Welfare Fund Ipreviously
reported within Other Restricted Funds) has been incorporated into the Caritas Fund.
Voluntary-Aided Schools Condition Allocation IVASCAI
This fund represents the capital grant funding received by the Diocese from the DfE. The funding is allocated by the Trustee to
schools to fund school capital projects.
43

BRENTWOOD ROMAN CATHOLIC DIOCESAN TRUST
NOTES TO THE ACCOUNTS Icontinuedl
FOR THE YEAR ENDED 5 APRIL 2024
13.
RESTRICTED FUND Icontinued}
Other Re5trlcted Fund5
Other restrlcted funds consist of donations for specific purposes.
Permanent Endowment Funds
Crowhurst Legacv
Thls fund consists of a property donated to the Diocese to be used as a home for Roman Catholic Priests suffering from sicknes5
or who have retired by reason of old aEe. The property may be sold but the proceeds must be invested in another property to
be used for the some purposes. The property wa5 501d durln8 2(X)5. The proceeds have been invested with Saraslns until
sultable feplacement property has been found.
Sullivan Special Trust
Thls fund comprlses an investment property the Sncome of whlch Is for the benefit of the parlsh prlest at Southend parlsh.
14.
ALLOCATION OFTHE CHARITY AssErs
Net Current
Assets/
Fixed
Assets
Investments
Total
Unrestrlcted funds
Parish funds
Restricted fund5
Permanent Endowment
fund
2,470,105
18,401,980
15,050,329
6,838,849
6,751,317
574,044
15,939,149)
14,543,962
3,138,025
393,025
11,581,285
39,784,791
9,889,342
967,069
Total Net Assets
£20,872,085
£29,214,539
£12,135,863
£62,222,487
For the comparative year
Net Current
A55et51
Flxed
Assets
Investments
Total
Unrestricted funds
Parish lunds
Restflcted funds
Permanent Endowment
fund
2,604,310
16,642,212
2,400
14,146,116
6,869,201
6,318,066
920,378
15,796,798)
15,562,755
3,025,503
75,600
10,953,628
39,074,168
9,345,969
995,978
Total Net Assets
£19,248,922
£28.253,761
E12,867,060
E60,369,743
44

BRENTWOOD ROMAN CATHOLIC DIOCESAN TRUST
NOTES TO THE ACCOIJNTS (Continued)
FOR THE YEAR ENDED 5 APRIL 2024
15.
TRANSFERS
2024
2oDa8
From/lTol Parochial Funds
Diocesan Quota
Other
1.738,954
141,8311
1,182,021
55,505
£1,697,123
£1,237,526
TollFroml Restrlcted Funds
Permanent
Endowment
Restrlcted
General
Parochial
Sick and Retlred Clergy
Mensal
Restricted fund5 spent on
Other
140,800
1140,8001
1504,3331
184,4221
588,755
£1363,5331
£184,422)
£447,955
For the comparative year..
Permanent
Endowment
Restricted
General
Parochial
SSck and Retlred Clergy
140,800
1140,8001
Mensal
Restricted funds spent on
Other
64,675
169,6131
4,938
£205,475
£169,613)
£1135,8621
45

BRENTWOOD ROMAN CATHOLIC DIOCESAN TRUST
NOTES TO THE ACCOUNTS (Continued)
FOR THE YEAR ENDED 5 APRIL 2024
16.
RELATED PARTY ITRADING COMPANY)
The Charlty beneficially owns 100% of the share capital of Brentwood Diocese ITradingl Llmited, company number 2571381.
which manage5 buildinE contracts for the Diocese on a no profit/no loss basls. Consolidated accounts have not been prepared
because the figures shown would not In the opinion of the Trustee, be materially different from those shown in the charitWs
ccounls. Its trading results for the year ended 31 March 2024 were as follows..
2024
2023
TuTnover
Cost of Sales
Profit on ordlnary activities
Interest in Brentwood Diocese (Trading) Ltd
£2
£2
Aggregate capital and reserves
£2
£2
17.
BRENTWOOO ROMAN CATHOLIC DIOCESE TRUSTEE
The Charlty15 governed by the Board of Dlrectors of the Corporate Trustee, The Brentwood Catholic Diocese Trustee (company
number 4508971.
18.
TRANSACTIONS WITH DIRECTORS OF THE CORPORATE TRUSTEE
A majority of the Dlrectors of the Corporate Trustee are 3150 parish priests in the Diocese. As priest5 they receive income from
their parishes together with living accommodation, living expenses and reimbursement of costs incurred on behalf of their parish
on the same basis as other prlests wlthln the Dlocese, They do not receive any remuneratlon or benefits from thelr trusteeshlp
other than the purchase by the Diocese of tiustees, Indemnity insvrance providin8 cover of up to £5,000,000 during the year (the
premium is paid as part of public liabllity insurancel. Travel costs totalling £NIL12023'. £NILI and consultancy costs in respect of
courses arranged by the Vic3riate for Education in the amount of £1,200 12023 £1,200) were reimbursed to one12023- one)
Director during the year. During the year, Directors of the Corporate Trustee donated £3,34012023 £3,375) in aggregate, to the
Diocese.
19.
COMMITMENTS
2024
2023
Authori5ed and contracted for
235,410
8,747
46

BRENTWOOD ROMAN CATHOLIC DIOCESAN TRUST
NOTES TO THE ACCOUNTS (Continued)
FOR THE YEAR ENDED 5 APRIL 2024
20. THIRD PARTY COLLECTIONS
Parishes hold collections on behalf of third party charities. Because the Diocese is acting a5 agent for these charities, these
collettions have been excluded from these financial statements. During the year £1,223.634 12023:£1,029,5711 was
collected on behalf of third party charities. At 5 April 2024 £344.772 {2023 £183,070) was held on behalf of third party
charities.
21. RELATED PARTY TRANSACTIONS
Related Party transactions with the Directors of the Corporate Trustee are disclosed in Note 18 of these Accounts. There
were no other related party transactions during the year12023, none).
22.PENSION COMMITMENTS
The charity's academic and related staff belon8 to the Teachers, pension Scheme England and Wales. Thi5 is a multi-
ernployer defined benefit scheme. The latest actuarlal valuation of the TPS related to the period ended 31 March 2020.
There were no outstanding or prepaid contribulion5 at either the beginning or the end of the financial year.
Teachers, Pension Scheme
The Teachers, Pension Scheme ITPSI is a stalutory, unfunded, defined benefit scheme, governed by the Teachers,
Pensions Regulations 2014. Membership 15 automatic for teachers. All teachers have the option to opt-out of the TPS
following enrolment.
The TPS is an unfunded scheme to which both the member and employer makes contrlbutiDn5, as a percentage of salary
these contributions are credited to the Exchequer. Retirement and other pension benefits are paid by public funds
provided by Parliament.
Valuation of the Teacher's Pension Scheme
The Government Actuaryi Using normal actuarlal princlples, conducts a formal actuarial review of the TPS In accordance
wlth the Publlc Service Pension5 (Valuations and Employer Cost Capl Dlrections 2014 published by HM Treasury every 4
years. The aim of the review is to ensure scheme costs are recognised and managed appropriately and the review
specifies the level of future Contributions.
Actuarial scheme valuations are dependeni on assumptions about the value of future cost5, design of benefits and many
other factors. The latest actuarial valuation of the TPS was carried out 35 at 31 March 2020. The valuation report was
published by the Department for Education on 27 October 2023, with the SCAPE rate. set by H MT, applying a notional
investment return based on 1.7% above the rate of CPI. The key elements of the valuation outcgme are:
Employer contribution rates set at 28.68% of pensionable pay lincluding a 0.08% administration le￿1. This 15 an
increase of 5% in employer contributions and the cost control result 15 such that no change in member benefits is needed.
• Total Scheme liabilities Ipensions currently in payment and the estimated c05t of future benefits) for service to the
effective date of £262,000 million and notional assets (estimated future contributions together with Ihe notional
investment5 held at the valuation datel of £222,200 million, giving a notional past service deficit of £39.800 million
The result of this valuation will be implemented from l April 2024.The next valuation result is due to be implemented
from l April 2028
47

BRENTWOOD ROMAN CATHOLIC DIOCESAN TRUST
NOTES TO THE ACCOUNTS Icontinuedl
FOR THE YEAR ENDED 5 APRIL 2024
A copy of the valuation report and supporting documentation is on the Teachers, Pensions website. Under the definitions
set out in FRS 102, the TPS is an unfunded multi-employer pension scheme. The Charity is unable to identify its share of
the underlying assets and liabilities of the plan. Accordingly, the Charity ha5 taken advantage of the exemption in FRS 102
and has accounted for its contributions to the scheme as if it were a defined contribution scheme.
The Charity has set out above, the information available on the scheme, A copy of the latest valuation report can be
found by following this link to the Teathers, Pension Scheme website..
em
n-res
as
48

BRENTWOOD ROMAN CATHOLIC DIOCESAN TRUST
NOTES TO THE ACCOUNTS (Continued)
FOR THE YEAR ENDED 5 APRIL 2024
23. STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2023
Unrestrlcted
Funds
Parochial
Funds
Restrlcted
Funds
Endowment
Funds
2023
Total
Notes
Restated
Restated
Income from:
Donations and legacies
Other trading activities
Investment income
Charitable Activitie5
Other income
Surplus on Sale of fixed a55ets
36,504
91,758
359,627
42,126
8,354,313
1,235,557
264,288
585,181
5,502,630
13.893,447
1,327,315
814,750
710.817
190,835
83,510
4,70S
4,705
Total Income
530,015
10,444,044
5,776,975
16,751,034
Expenditure on.,
Raising funds
105,492
124,473
229,965
Charitable activities
2,311,371
7,983,171
6,172,320
16,466,862
Total Expenditure
2,416,863
8,107.644
6,172,320
16,696.827
11,886,848}
2,336,400
1395,3451
54,207
Investment Gains/lLossesl
Unreali5ed
1538.497)
302,032
1445,2161
37,321
1644,3601
Net Income/lexpendlturel
before transfers
Transfers..
From Parochial Funds
To/from Restricted Funds
12,425,345
2,638,432
1840,5611
37,321
1590,1531
15
15
1,237,526
169,6131
11,237,526)
1135,8621
205,475
Net Movements on Funds
11,257,432)
1,265,044
1635.0861
37,321
(590,1531
Reconclliatlon of funds
Funds brought forward
Prior year adjustment
12,211,060
37,809,124
9.981,055
958,657
60,959,896
Fund5 Carried Forward
£10,953,628
39,074,168
£9,345,969
£995,978
£60,369.743
49