NorrINGHAM ROMAN CATHOLIC DIOCESAN TRUSTEES Company Llrted by Gvarantee Number 7151646 R8Jlatted Chty Number 1134449 ANNUAL REPORT AND ACCOUNTS for the year ended 31ST MARCH 2025 St Hugh's House, l Gistle Iayi Nottlngham, NG7 IFW Telephone: 0115 953 9800 Page 1 of36
NOThIN MAN CATHOLI (A company Ilmited by guarantee) OCESAN TRUSTEES 'Re ort ended 31st March 2025 The Dlrectors present the4r report and the conlIdated atxounts ft)r the year ended 31 Mard) 2025 whlch were approved by them on 29 January 2026. These comply wlth the Chorities Act 2011, the Companie5 Act 2006, the Memorandum and Artlcles of Association and Accountlng and Reporting by Charities.. Statement of Recommended practi appllcable tr) charÈtles preparing their accounts In accordan with ihe Finamial Reporting Stsndard applicable in the UK and Republlc of Irdand (FRS L02) wlth effect from I" January 2015. The report Is both a trustees. annual retX)rt and a directo, report Ltnder company law. The Directors who served durfng the year and w) to the date of this report are set tyjt on page 11. The charlty Is referred to as 'the Dlc(ese" in thls Annual Rewt and Accounts. ECT ES The objects of the Dlocese are.. The advancerRent of the Roman Cathollc lgIOn In the wea of the Roman Cathollc Dlocese of Nottlngham as determlned tjnder the law5 of the Roman Catholk Church and in accordance with them. The advancement of any charltable purpose wNted by the Roman Cathollc Church In part of the world, The DILKese of Nottlngham comprises the malty part of the East Midlands. It extends to the north from Maiple Brldge on the outsklrts of Manchester and south to Lutterworth, east to the Uncolnshire coast. and west to Burton-on-Tfftnt. It Indudes the rollowlng clvll adfflln15tratlve areas whlch refleci In some cases the cc4Jnty boundarfes as ttrw were in 1850 when the DI0Se of Nottlngham was erected by the Apostollc Letter'unlversdls Ecdeslae. rather th as they are toaay.. Countles - Nottlnghamshlre (other than the dlstrlct of Bassetlaw), Dtyhlre (other than the areas of Bamford, Chesterfield, Clowne, Dronfield, Eckington. Hathwsage and Staveley), Leicestershlre (other than the aa of Market Harborough whlch Is south of the River Welland), Uncolnshire (includlng the Clty of Lincoln and exdudlng the area east of the Rlver Nene and the area of Stamford which is South of Ihe Rlver Welland), Staffordshlre (the area of Burt on Trenl north of the River Trent) Unltsry Area Authorities - North Uncolnshire, Northe& UncolnshI and Rutland citles - Nottlngham, Derby and Lelcester Metropolltan Boroughs- Part of Stockt#Jt (Morple Brldge, east of the Rivw5 Eiherow and Goyt). The main activltles of the [cse conslst of w(1shlp, evangelisation and falth ethxation In Its parlshes and chaplain(ies, and chaTilable support and assistance to all Ytho live withln their boundaries and externally. The second commandment of all Is to °love thynelqhbouras thyself." (Mark XJI.. 31, referring lo Lemllcus XJX:18). 'So, falth by Itself if ithayno bvork5, Is dead." {James 11; 17). The rnere believing of the truths of faith without any effect on our livesls valueless for eternal salvati. In relatlon to "Public Benefit. the Dlrectors who have had regard to the Ch"ty Commlsslon guidance on publlc beneftt, rep)rt on some of the activities of the Dl(we as fdlow5: A PersonalEncounter with Jesus: Every 50n is helped to eYw1en GLMI'S love and to grow In an ever-deeper personal relationship with Christ. Help and practical resources to enth people to glow In prayer and In their engagement Mlh the Sacraments, such that it is normal for the majority of people across our diceSe to have a daily prayer time and routinely speak about the dlfference thi5 makes, with many more people gaining a deep appleciation of the centrality of the Eucharist, espedally In Sunday Mass. and of Eucharlstlc Devotion in exwessiThJ our love of God and neifv in the living out of our falth. Provtslon and maintenance of bulldlngs US for religiou5 waCti, inclu(lirKJ churche5 and meeung room5 used for related activities e.g., rellglous InstrtIOn thildren luIts, ConductÈng of relNJious cerernonies e.g., the lebration of Masses as well as marriages, funerals and the provf5ion of the Sacraments generally, Page 2 of 36
IA cornpany limited by guarantse) Dire rthe ear ended 31st Marth 20 maintenan of public churchyards and ometerle% proOn and MaIntenan of rel or devotlonal artefacts a1 Items used In religK)us wviees, rituals or PTacUces' rellglov5 stsined-glass doW5 and of art In pla5 of worthip. Pass(ve advancemenv <Ing rellgtOU5 bulldIng On people to enter and tenefit from [sOnal spldtual contemJationl. A PÉrsonalCa/lto Dkdpleshlp - Every person Is bnJPPOrted In gro%ng dalty as jesus, dlsdFles Those who have encountered Chrlst accept the ght of Inspiration 4rYl 9kIae ( fy)d's Hdy Spirft In thelr dally lives, and are helped to Ilve In rlght relattonshlp with Chwtst and one another, and grow cOnnal as HIS disdples Cdebratlons of the Mass, and partlcularly SdaY Mass, revewt transformaVe, helplng peoF4e of all ages to encounter and be ntturished by God at the tab of the Word {scr1Wre5llIHYI and at thp tstr4e of EucharfsL so as to be sent out agah) as Chrtsys dls(Iples to share In HIS MOn. Advanclng rells4ous dithne and tenets of the Catholtc faf(h, pmmotlng the study ol rellglous teachlngs and wactkes and scrlpbxe4 promotlng reI1JS narrauves andlor doctrlrs throuyh produclng and PLvformlng muslcal IltrJgyi tKovldlng rellglous Instruction and supefyisio pr¢duclng and ryomotkng rdgkjus twks, Inforrnthn fy the Inclu(lry wvldlng rellglous resrMJrce ntre5 a Ilbrarles, provlding and supportlng schools and edLKatlonèl e#abllshmérts provlde educatlon kn accordance the prfnclyes and practlces of the Cathollc Falth, support of rellglous Offi hc4der5 for acuwj as slthi womrtlng prayeri pre and sthdy. rellolous devotl¢nal Jcts.. visltlng the 4ck arvj &JmWsterlrg sacraments to the sdt wvj (tylng. A Pernonal Callto Miwlon.'_ Every wlll know tlw are ralled to to Chrfst in everyday life, and are suprx)rted to do thls In practlcal ways, both on thelr own arKI togrther others. Our parlshes, scho&s and thaF4&ncles help peOe grow In thelr understsndlng of Chrbvs call to tK)th Fef50n4 hollne55 and frultful mlsslcn, aTrJ how St applks to each one of u5. Through ongoln9 fomiallon and support more people have the de51re and confid2n to speak of Chrf to rthèrs and mako thè most ol every opportunlty In their dalty Ilfe to shaTe the Gospel aNI make SP for to art so that others also mlght encounter Chr15t's love for them. the pSlOn of Uver5, 50n, tyilal thaF4alncy and VItIn pastcffa w culfvral ar cwnrnurlty 8th11¢$ provlded etther kn parlth facilille4 ¢1 In the wKler c(Unty, glffLS to sth)ols, hosptsls and relkf of poverty In areas of need. developSng understandlng regarrjlng and hLman rlghts engaglng wlth other falths io foster muival respeLt and uThJerstandit4 and to seek shared acuon. ecurnenlcal meetlngs and cOnfen orNille5. sermons and seminars; tslks, meeti5 and cferen. street and tknr-tothor communlcations. provlsk)n of woperty f¢x retreats and pl['Mages organlsing the holdlThJ of long or short stay retreats, organllng ottn pilgrlmages where the lgrImage 15 part L the puL* wor51M Page 3 of 38
GHAM ROMAN CATHOLIC DIOCESA (A company Ilmited by guarantee) irectors, Re ort for March 2025 Sociallnvestment Prdperties.. the Dloce* owns wopety at Mackworth in Derby and Crlch In Derbyshire, in furtherance of its objectives, occupied by the Diocesan Education Serv1 and the Diocesan Youth Service respectively. The land and bulldlngs occupied by the Catholic schools of the Diocese that are 5tate-funded Academies ale generally owned by it. Grants.. Although the DISe is not prlmarlly a grant making charityi grants may be made by the DI0Se to other charitles In Furtherance of Its objectives. The chlef of these are the Dlocesan Educatlon and Youth Services. Other grants may be made on appllcatlon to the Board of Directors or by parishe5 subject to a rnonetsry limit atrN)ve whlch approval by the Board of Dlrectors Is also requlred. Other.. Reference Is made to the use of Parish Halls by the publlc, famlly retreats, supwrt of multl falth trnt$, dlrett support of schools and hospltals in Africa and funding by the Mlsslon Fund, e.g., of young people (not limited to Cathollcs) to go to Africa to work In xhools and hospitsls and to support CAFOD'S activlties In South America. Volunteers.. The DI0Se makes considerable use of volunteers In Its work, partlcularly In parishes, It Is not practlcable to place a financial value on the tlme spent by volunteers. Page 4 of 36
NOThIN ROMAN {A company limlted by guarantee) LIC DIOCESAN TRUSTEE Directors, Re ort rend h20 EMENTS AND PERFOR The Diocese has continued to provide spirltLd support through Its clergy, seNces froffl Its churches, education through Its schools and contributes to the life of the parish by aL*]tIeS in its church halls. Additional informatian about the life of the Diocese Is avallable In the DicKesan YeariMM)k. The following ststlstlcs illustrdte the sstuauon of the DI0Se. Ye3r lo 31st December Baptisms Rece lions First Holy Communions Confirmatlons Marria Deaths Mass Attendance 2024 1,463 IQ3 2.001 1089 147 1,277 26,855 2023 1,399 107 2,133 723 193 1,328 26,032 2022 1,675 83 2,278 2021 1,499 41 1,695 64B 168 2020 787 58 1062 2019 1852 126 2319 2018 2,112 109 2,443 162 833 189 1,349 28,866 es 200 1,451 23,226 266 1.541 30,460 1,466 J7,475 1,600 10,330 Dlocesall PrlÈsts On actlve work In the Dloce5e 48 49 55 71 70 On artlve work outside Diocese In UK On active work abroad Chaplalns tu the Forces Tem orarll on slck leave Retired Ollier Prlests Other Oiacosesj Qrdlnariale Foreign Cha Re. Ljlar Prlests Total Prlests 47 47 43 37 38 41 39 23 io 32 170 19 io 29 165 18 18 16 19 li 35 183 ?_0 31 165 37 173 30 173 34 187 Permanent Deacons On actlve work In the Dlocese On actlve work otde tho Dlocese 30 29 28 32 37 40 44 Retired Deacon5 of other dloceses 'rotal Deacons 14 16 13 14 50 49 49 50 53 53 58 Place5 of Worshl Parfshes other Public Churches and Chapels 82 93 102 105 107 107 107 27 27 27 32 34 Mass Centres other than Chapels li li li 17 io Rellglou5 Houses not parlshes Tot81 Places of Worshl 37 168 37 166 37 177 43 178 25 42 197 25 175 181 Cathollc Academles Prlma Seconda Inde ndent Call) Total Qlholic Schools 69 15 69 15 69 l5 69 15 69 15 69 15 69 15 86 86 86 86 86 87 87 Slnce the ulumate objective of the tharity is the salvatlon of 1$, It is not pctsslble to measure its eventtJal effectsveness. Page 5 of 36
GHAM CATHOLI (A company limited by guarantee) OCESAN TRUSTEES Director ortfor rch 202 NANCIAL R EW The accounts of the Dlocese disbnguish between its Parishes and Its Central Support Services. The Income of the Dlocese comes mainly from the generoslty of its lay faithful, through parish collections, donati($, Fegaclesi grants and speclftc fundraising activities, Thls Is supplemented by Investment income, interest and rents. Under canon law, funding ntral support se15 Is chlefly from parlsh financial contributions plus Investment retums from central dI0san assets arKI those shared wlth parishes. Reseryes The DIrectO are of the opinton that the assets of the Diocese are available and adequate to fulfll Its obligations to provide prudently for future expenditure. Given that there are requirements for capital, especlally for example for the provision of accommodatlon for retlred priests, It was the policy of the Dlrectors that the unrestrlLted Ilquid reselves of the Dlocese should amount to beiween one and three years of Its normal expendlture. As a separate juridical person under canon law each parlsh Is responsible for determining its own reseNes pollcy under the general responslblllty of the Board. The Dlocese is regarded a5 belng flnancially reslllent and accounts have been prepared accordlngly. At 31 March 2025 the reseNes of the D[ese were £73.4m, an Increase of £l.Om over 2024 (£72.4m}. Parishes, Funds were up by E2,8m to £48.8m (2024,, £46.Om) due mainly to £2.3m of parish legacles. However, Central Funds were down by £1.79m. General Unrestricted funds (orded a deficlt of £1.348m, the Enabling Our Mlssion fundralslng campalgn showed an excess of fundralslng expenses over Income of £0.32m in this year, and stricted funds showed a deficit of £0.66m, largely due to the net cost of retlred prlests now that the Retlred Prlests Appeal has wound down and the net costs of the Cathedral's Restoring Pugln projert after grants. Interestrates Durlng the flnancial year, In reswnse to falllng Inflation, the Bank of England lowered Its offlcial bank rate from 5.25% at the start of the year to 4,5010 at the end. Interest rates have Sin fallen back to 3.75%, wlth expectallons of further reduct(on5, though extent and tlmlng Is untrrtaln. Dlrectors are monltorlng the risks and retums avallable but conttnue to believe thelr policy of prefethng to hold funds as Ilsted investments remains the right one for the medium-to-long te. Grants recelved The Dlocese Is grateful to have b awarded a number of stgnlfkant grants and donations 5UPI)ortlng both parlsh Ilfe and major dlocesan Inltiatlves. The most substsntlal award was the £1,69 mlllion grant from the Natlonal Lottery Herltage Fund towards the Restorlng Pugin Delivery Phase at Nottlnoham Cathedral, fomlally confirmed wlthSn days of the start of the 2025126 financlal year. This forms part of a É2.3 mllllon conservation projett to restore A.W.N. Pugin's origlnal Gothlc Revlval decoratlve scheme in the Cathedral's east end. Addltlonal funding was secured from charitable trusts includlng the Pllgrlm Trust, Garfield Weston Foundatlon, and the Wolfson Foundatlon, together with donatlons from Individuals and parlsh benefactors across the Dlocese. These grants follow on from the earlier £277k Development Phase grant prvAlousty reiVed In 2022. Throughout the year, many parlshes al benefltted from grants and donation5 riot Individually Ilsted here but warmly acknowledged by the Trustees. These include kIng-StalIng support from the Sir Harold Hood Charitable Trust, the Johnson Fund, and the Guild of Our Lady of Ransomi partlcularly assisting individual thrgy and flnanclally vulnerable parfshes. Generous legacies contlnued to form a vltal source of di0San income, enabling investment in mission inltlatlves and parish support. The Diocese remains deeply grateful for the many parlshloners and supporter5 whose gifts - large and small - enable our spirituali pastoral and charltable work across the East Midlands. Page 6 of 36
INGH ATHO (A company limlted by guarantee) CESAN TRusfEES for ed3 2025 ListedInvestments The Ilsted investments are managed by the Investment Managers, in accordan with an Investment policy determined by the Dlrectors. Thls pollcy is generally to maximise the total retum from the investments on a balanced-tnedium risk basis. These listed investments are held in the name of the Investment Managerfs nominee company, on behalf of the Diocese. The investment pollcy adopted by the DI0se provides for divestment to be required if it consmlers that a particular investment is not an appropriate holding for a Cathollc dlocese, The DicKe5e is a member of the Churches Investors Group, which Is a group of rellglous charltles which encourages hoh ethlcal standards of public companies. Total managed Ilsted and unlisted Investments showed an overall reduction in value durlng the financlal year to 3f March 2025 of £0.88m {3,IOh), from £29.Im to £28,2m due to unreallsed losses. Thls has been regained In subsequent months. Diocesan investments continue to experience some volatility, abng wlth those of markets globally, as flnanclal srystems struggle wlth economic and polltlcal unrtaIntleS. However, over the three years to September 2025, dI0san managed investments showed an annuallsed overall total return (income plus capitsl growth) of about 9.6%. Detalls of the movements In investments and thelr performance are Included in Note 7 of these accounts. Looklng ahead, the Dlocese Is enterlng a perlcd of slgnlflcant pastoral, structural, and mlsslonal renewal, shaped by the Flvfryear Mls5Son Plan (2026-2030) and the prBctical realltles of changlng demgraphlcs, decllning dergy numbers, and the need for deeper misslon-focused engagement. Implementabon of the Mlssion Plan.. Entvunter, Dlsdpleship andmlssion From 2026, dIesan plannlng, budgetingi and partsh attivlty wlll Inc¥easingly allgn wlth the three splrltual themes that underpln the Pastoral Plan,. Encounter - helping people grow in dally prayer and deeper engagement wlth the sacraments,. expandlng Eucharlstic Adornuon across parishes and schools. Disciple$hSp - strengthenlng opportunltles for formatlon, small-group falth sharing1 reverent Ilturgies, and clearer "next steps" to help people grow in falth. Mission - nurturlng outsvard-looklng parlshes confldent In evangelisation, equlpped to reach those not currently artlve In church life, and serving local communities through prackncal charlty. By 2030, the Dlocese aims to have substantlally Increased partldpatbn in prayer, spiritual formatlon, and mlsslon wlthln parishes, chaplalncles and schools, Pansh Anyalgamatlons andNew Structures formission The largtrscale programme of parlsh reorganlsauon. begun In 2022, will contlnue through Pentecost 2026, reduclng the total from 108 parlshes to 54 larger, mlssloTrfocused parlshes. These new structures will allow communltles to pool talent, resource5, volunteers and minlstrie5, whlle providing greater su5tainablllty and opportunltles ft>r outreach. Deanerysetvlce Hubs andStrengthenlngAdministratlon In 2025, the Dlocese began the introduttion of Deanery Servlce Hubs to reduce admlnistrative burdens on clergy and Improve local support. Pilot hub5 in North and South Llncolnshire will become Increasingly operational during 2025-26, with further hubs plallned in subsequent years. These hubs will streamline HR, finance, safeguardingi property and compllance processes, freeing clergy to focus on sacramental mlnlstry, visiting the sick, pastoral care and mlsslon leadership. Page 7 of36
orriNGH OMAN CATHOLIC DIOCESAN T (A company limited by guarantee) EES Irec for t March Youth and YoungAdultNlnAstry Working clOlY wlth $er (harilies INottlngham Roman Catholic te53n Youth SeNce and NottlThJham Rornan Cattw)Flc Di0san Educatlon SeNice), the Dlocese wlll imKknert four mafvr Innovat aimej at.. bulldlng cultu¥es of actompaniment and disdpleship fur people, supportEng parISbased youth mln15try, developing highuality events and retreats, stiengthenlng fllh formatkjn wthn farnllie& A Di(Ke5an YIMJth Forum WHI be Introthjced by 2026 to provide synodal Itstenlng and shared leadershlp with young Calhollcs. MIsOn Enabling FundandFundraMink7 Campalgn The Enabllng Our Mlsslon Carnpalgn. launthed In 2024, will cortlnue across the Dl¢xe5e thKwgh 2025-26. seeklng to rse up to £8 mllllon over flve years to wpport parlsh misslon initiatlves, leader5hSp elopmen¢ rjergy SiVF)rL and evae11Satlon projects. By December 2025$ pledges exceeded E4.L mllllon, woth 75% elbjlble for Gift Akl. Herltaqe and PropertyPlans Wlth support from the Nalknal Lottery Herltage Fund, the Restotlrrfj Defvery Pha5e15 taklrKJ pla across 2025 and 2026, transformlng slgnlflcant areas of the Cathedral Interlor antj prov(dlng OpportlieS fw her6tage skllls trainlngi cornmunlty engagemen¢ Interpretstlon Improvements and dlgltal Visit experknces. The Dlocege wlll also malntsln Its rolling programme of qulnquennlal InspÉthorstr prwty rnanement Wem expanslon, and contlnued Investment In health and safety Smprovanents parlshe& ParlshAccountlng Internal flnandal management and control systems contlnue to be develoFed to Improve the financlal Informatton avallable to par15hes and the Board. Implernentatlon of the Onllne Parlsh Admlnlstratlon System {OPAS), used by over half of UK dloceses, conneS, and Is experted to be completed In all dlocesan W4)es by the end of 2026. Addltlonal ikkeepIng resour$ are also belng made avallable to parlshes. These steps, together Wth the Deanery Serv1 Hubs alm to addre55 the dlfficullie5 many parlshes have experfenced In malntalnlng accurate ftnanclal records and maklng timely #aiutory and Glft-ald submls5tons. 4A The Health and Safety Committee of the Board Is conna¥ strlvlNJ to Improve Its systems and waclJte5 In the Dlocese In conjunction wlth the flim of Heaf(h and Safety adv15ers selected by the tHoce's Inr•S at a nauonal level, and other extwnal professlonal consuants and Servi provlders as requlred. A programme of fire safety assessments15 belng uThlertèken for all dkxesan bulldlng& a1 requlred Improvements are belng Implemented. where Idenfled. OVE AGE The DI0se as a charltale companyi lknlted by guarart, Is goVerd utMJer Is Memorandum and Artlcles of ASS(latIOn, The Dbrectors are the rneMbe of the company also appolnt new dlrector5. The Chlef Operavng Offir has been appointed Charity Secretary. Major declslons are rnade by the D1Ctors. ottr declslons may be delegated to commlttees or to Indlvlduals. Under the ArtIcl, the Bishop Is ex offido Chalrrnan. He, or if there ts no Bishop the pewn on whom the governan of the Dlocese falls, may reqllre that dedths wlth whlch he dfjsagrees be not put Into effett. The affalrs of the DieSe are conducted in accord both with the riational law of the United Kingdom and wlth the canon law of the Cathollc Church. The canon law of the CatlKAK Clwrch provides the internal fules der whith t operates )d speclftcally requiies that the clvll law Is generally Obser1. The Director5 are responsible for the managem•)t (Ithe dwky vnder the nattonal law. Tly a150 act as the Flnance Counrtl of the Dlocese under canon law. Under ranon law the College of Consultors of the DICeSe must be consulted before any major acts of administratlon and before èny 5ub5tantial alienabon of prorwty. The Qmef Operating Offir has been aptminted OeconDmu5 (finan officer) of the Dlocese under canon law. PÈge 8 of 36
NorriNGHAM ROMAN CAT (A company limlted by guarantee) DIOCESAN TRU r5, Re ortfort ed 31st March 2025 Seniorstaffpay The pay of senior staff is deterfflirth by the DIrEcto, considerlNJ the wod( carried out for the previous yeari proposed for futLsrE years, publlshed remuneration suNerfs and need to pay a sufficient amount to attr senior siaff to replace those leavlng the employment of the Diocese, rraining of NewDirectors New Dlrectors are provlded wlth key thuments for the t)locese, IIKIlIng the Memorandum arml Arttcles of Assodatlon, the latest Annual Rerx)rt and Accounts and other financial papers and the mlnutes of prevlous meetings. Unles5 already aware of thelr responsibillties as a charlty trustee they are also provkjed with copies of relevant Charfty Commission guldance. The Chlef Operdtlng Officer Is responsible for this and wlll also meet new appolntees to provlde further tr6lning on an Individual basls. Cooperation wlth OtherBod$ The Di¢xese co-operates with other d1(. It also contrlbutes, other CalIc d)e5, to a number of national organisatlons set up by the Cathollc Blshop5' confence of England and Wales, prlnopalty, the Cathollc Trust of England and Wales and the Cathollc Safeguar(Ing Standards Agency. Slck andRetired Prlests Fund The accounts of the NDSRPF (regISter chadty number 510119), of whlch the DiCeSe15 Trustee, are consolidated wlth the accounts of the Dloce5e, Most of the assets of the NDSRPF were donated to the restrlctaj SRPF fund of the Di(Kese durlng the 2021122 financlal year. The separate NDSRPF charlty has teen retslned for the time being to accept donations and glft-ald recelpts, all of whlch are then donated to the Dces3n SRPF. Payments to or on behalf of the &ck and tIred prlests of the Dlocese are on the basls of need by the Dl¢xese from the SRPF, usually accordlng to the recommendatlons of the Dlfxesan Clergy Health & Wellbeing and Flnance Committees. Fundralslnq FundraLslng generalty takes ple In parsshes by volunteers. The Dic(ese malntains its overall responsitylity over fundralslng artlvltles. Generally, these are aSSlated wSth sothl events. Followlng much prayer, con51deratton and consultatron wlth dergy a1 lalty In 2023, it was dedd&Y to embark on a speckil fundralslng Inldative in early 2024. The Enabllng Our Mission campaign provldes us with a unlque opportunlty to help our parishes to be better supported In becomlng more outward looking and mlsslonary, while also stdvlng to ensure that the fewer prlests now available for actlve mlnistry across Ihe (Mocese are test able to serve our communlb'es. Thls Initiative underplns the four pastoral priorities of our dISe. l) to take prartlcal steps to bring to Ilfe the vtsion of Encounter, Dlsclpleshlp and Mission,. 2) to equip our laity to work alongstde clergy In renewing parlshes for mL551on,' 3) to equlp and support our clergy as leaders and enablers of mlssion; and 4) to allgn dlcKesan arKI parish Infrastructure and resources to serve mls560n. The campaign alms to ensure we have the funds to finar these prv)rilles, whlle also ensuring parishe5 reve a dlrect share of the funds raised, so they have the resour to grow in their relattonshlp with Christ and in confldence and ability to be m155ionary. The 2-year campalgn seeks to ralse £8 million over fwe years. Every parish 15 being encouraged to tske part 50 that together we can achieve our shaied vision for the Dlocese. Due to the s12e and nature of this endeavour, we have retsined the seNlces of a professional flrm who provlde the level of expertise and practs.cal support needed. CCS have many years, ex[lence running similar campaign5 Ill other Catholic dloceses and are belng supported by the Nottingham Central SuFV)rt team. In undertaklng fufKlralslng actlvlties attenti1 is given to avoid unreasonable intruslon on a person's privary, unduly perslstent approaches and undue pressure on people to gfve money or othr prowty. The DieSe 6 not reqvlred to register with the FUndraSsI Regulator and has Tr)t dorE so but seeks, nonetheless. to malntain high standBrds. Page 9 of 36
NOTrI ROMAN (A company limited by guarantee) LIC DIOCESAN TRUSTEES ors, ortforth ded 31 RI KSA RTAI Mar risks have been ¥eviewed, and systems or pr£edeS have established to manage those risks. The maln rlsks Ilkely to affecl the DiiKese togeth with ways for ameliorating these are as follows: Governance The Chlef Operating Offlcer was appointed in 2019. sin that time, seven new trustee appointments have been made to the Board to strengthen the wofessional experbse availat4e to the Diocese ft)r monitoring Its operations effethvely. The structure of the DieSe gives Its parlstrE5 some Independen from It notwithstsndlng that their activltles remaln the re5ponslbllity of the 8oard of 01ctorS. Informatlon Syste$ Monitt these aclivibes wlwe necessary and internal support resources alm to asslst parlshes aThJ Imwove intemal cctr(l. Flnanclal The Income of the Dloce5e is m0511y achleved by volurtary contrtbutlons supplenRnted by IrKome from Investments and cash balan$ held, wlth some additional mISlIaneOuS income. r the years thls has not gerallY kept pace with inflatlon. During the pandemlc the Church In the dIeSe experfenced slgnlflcant fa115 In both Mass aLtendan and parish Income. Havlng recovered somewhaL attendan In 2025, at almost 27,000 (8% up on 2024), remains 12% below pre-pandemlc 2018, when little over 30,000 attended Mass. Total dlocesan Income IncaSed by E2.4m, Including p&lsh legacies, whlth were up by over É2.4m. Expendlture was up by El.Om, Including costs associated with Inlual Implementation of the En4lng Our Misslon Campalgn fvndraisng campal9n (+£329k), Other cost Increases arose In part5h dergy payments (+£223k), parfsh pastoral costs (+£165k), parish church costs (+£lllk) and central support Staff (+E305k}. Overall, parlshes across the dlocese Corded an operatlng loss In the finarKial year of £243k, exdudlng legacles, grants and other exceptlonal Items. Thankfullyi due to the generoslty of our lay falthful, overall regular givrng In 2024125 Increased sllghtly more than Mass attendance, by 4% In money tern compard to 2023124 (+1.3% In real terms). In real tern regular glvlng rernalns 26% {£1.5m) below 2015 levels. Quinquennlal inspectSons reveal any matters requlrlng urgent attention In the properbes occupied by parfshes. Where a parish Is unable to afford these works, a dI0san loan may be sought, or the Po)r and Needy Parishes Fund approached to a55iSt through a loan or a grant. The cost of the regulatory dulles of the Dlocese, to achieve compllance In Health & Safety, Data Protectron, Employment and Safeguardlng contlnues to Increase. Operatlonal Deallng wlth a large amount of cash requlres setting up of S[al control procedure5 50 that, as far as possible, there Is always more than one Independent person present at any time when cash 15 belng handled. A review of parish admlnistrative procedures is conUnulrrfJ, with updates belng appli progresgvely. Cash handliThJ is bwng rUCed through Increased electronic payment. By operating over a laryer area. It can be dlfflcult to communicate with the parishes or the C4ocese, Greater of electronic communlcatlons Is allevtating thls. The Health & Safety Committee of the Prf)ard recelves reports frcl pSheS, m$ recoMmaOn5 and sets out requlrements as appropriate to Improve health and safety wilhin the Diocese. Extemal heallh & sty professlonas are advisirtg and ass15ting the Diocese In this work, External In common wlth other religious charitie5, reputational risk arise, especially from listorfcal abuse cases. The DI0san Safeguardlng and Communicaborbs teams assist with the ccthlnatlon of ponSe5 to [e$S Interest In the or simllar maiters. Page 10of36
NOThINGHAM ROMAN CATHOLIC DIO (A company limited by guarantee) N TRUSTEES Directors. Re ort forth March 2025 EFER INisfRATIVE DETAILS Name: Nottingham Roman Cathollc D)n Trustee5 (referred to as the DI) Company number 7151646 (harlty nun*)er 1134449 Reglstered Offlce st Hugh's House I Casde Quay, Castle Boulevard Nottingham NG7 IFW Diocesan Offi & P05tal address St Hugh¥ House I Casue Quay, Castle Blevard Nottlngham NG7 IFW Dlrectors Rlght Reveretmj P,J. McKinney STL (Olalmian of the Board of Dlrectors ex offlclo) Reverend Canon E. Jarosz (Vicar General ex officlo) Reverend Canon P, Ctspchase (Episcopal Ificar for FÉnance & Admlnlstrallon ex officio) Reverend Canon J, Kyne (Vicar General ex offiL) Mlss M. Casey KC (relgned 12 December 2024) Mlss K. CohcKffi LIB (resisnoj 20 February 2025) Mrs Marcella Glllesple (aFpointed 11 December 2025) Reverend Dea¢on David Kerry Mrs M. Middleton {re51gned 11 Decenthr 2025) Mrs A. Morton Reverend G. Offor (appointed 11 Oecember 2025) Mr C. S. Sowman FCA (resied 20 February 2025) HH M. Stokes KC DL Chlef Operatlng Offlcer of the Dlocese, Companylcharity Secretsry and Oeconomus: Mr Davld Lawes Page 11 of36
OThINGHAM RO IA company Ilmlted by gtjardntee) IOCESAN TRUSTEES or he ear en ROFESSIONAL AD lndlcates organlsatlons sel up in cikopwatlon with other Calholic Droceses In Enand Walès. Maill Bankers Lbyds Bank plc 125 Co1[e Row Birmingham B3 3SD Rotherd Bray Solicitors 2 Kayes Walk, Stoney St Nottingham NGI IPZ knights 34 Pocklingtons Walk Leicester LEI 6BU Browne Jacobson Mowbray House Castle Meadow Road Nottln9ham NG2 18J PKF Smith Cooper Audit LiJrMted 2 Lace Market Sware Nottingham NGI IPB Quilter Cheviot senator House, 85 Queen Virtoria Slreet London, EC4V 4AB 5penw Birth 8 aarendon Street Noib'ngham NGI 5 ¥Caihollc Insurance SeNI Sulle 5, Oxford House, Oxfrmd RthMI Thame OX9 2AH Calholic Nabonal Mutual Llmlted (Incorporated In Guernsey) Malson Trinlty, Tdnlty Square Guertw GYI 4LP lnter Di(Kesan Fuel Management Llmiled 2 Park Row South Birkenhead rrdI N3 4UX ChLFrch marketpla Limlted Vaughan House 46 FrarKi5 Street London SWIO IQN Employment Law Consultsnts to September 2025 Workne5t WOlhO[ thur(h Lane Aldford (Jester CH3 6JD Employment Consultants from September Mlianz Legal (knllr* (Ep Legal Ltd) 2025 Salisbury House, Wheatfield Way Hinckley LEIO IYG •SafetyTooliy)x Ltd 12 Green Lar Godalming Sury GU7 3SN Sollcltor5 Solicltors (Employment) Sollcitors (Academie5) Audltor5 Investment Manager Propety Advisers Ingjrers Fuel Suppllers Stsllonery Suppllers Health & Safety Consultant Page 120136
NOThINGH THOLIC DIOC (A company Ilmlted by guarantee) Directors, Re ortfort 20 TATEM SURE OF INF TO UD In so far as the Directors are aware: there Is no relevant audit Informatlon of whlch the Diocese's audltors are unaware. and the Directors have taken all steps that they ought to have iaken to make themselves awa of any relevant audlt informatlon and to establish that the audltors are awa of that infomiatlon. T OF DIRE SIBILrriE The Directors are responslble for preparing the annual rekY)rt, the strateglc retKJrt and the financlal statements in accordan wlth appllcable law includlng the Companies Act 2006 and United Kingdom Generally Ac£epted Accountlng Practi. The law appllcable to charities in England and Wales requires the Dirertors to prepare flnanclal ststements for each flnanclal year whtch give a true and falr view of the state of affalrs of the DI0se and of the surplus or deflclt of the chaiity for that perlod. In preparing these flnandal statements, the Dlrectors are required to: select sultable accounting pollcles and then awly them conslstently. make judgements and esumates that are reasonable ond prudent: and prepare the flnandal statements on the golng concem basls unless It Is Inapproprlate to presume that the charity wlll continue In operatlon. The Directors are re5POllslble for keeping proper accounting records whlch dlsclose wlth reasonable accuracy at any time the flnancial p051tion of the charlty and which enable them to ensure that the flnanclal statements comply wlth the applicable law and provision5 of the trust deeds. The Directors are also responsible for safeguarding the assets of the charlty and for taking reasonable steps for the preventlon and detectlon of fraud and other Irregularltles. IT A re501utlon proposlng the reappolntment of PKF SmSth Cooper wlll be put to the Members of the Dlocese. On behalf of the Board Rlght Reverend P.J. McKlnney Bishop of Noitlngham and Chaiman of the Board of Directo Dated 29 January 2026 Page 13 of36
INGHAM ROMAN {A company limlted by guarantee) LIC DIOCESAN TRUSTEES EPO TRU DENT FT E NOThtNGHAM ROMAN CATHOLIC DIOCESAN We have audited the financial statsrnerts of NotttThJham Roman Catholic DSan Trustees (the'parent charitable company,) and Its subsldlarles (the'group? for the year ended 31 March 2024 which comprise the Group Statement of Financlal Activltles, the Consolidated and Diocese Balance SheeL Group Cash Flow Statement and the notes to the financl815tatements, induding a summary of significant accounting policies. The financial reports.ng fT3mework that has been applled in their preparation Is appllcable law and United Kingdom Accounts"ng Stsndèrds, Induding Flnandal Reporting Stsndard 102. The Finandal Reportlng Standard applicable in the UK and Republlc of Ireland (Unlted Klngdom Generally Accepted ACCOUnng Practe). In our oplnlon the flnancial 5tstements'. give a true and fair view of the slate of the groups and ihe parent charitable cornpany5 affalrs a5 at 31 March 2024, and of the group's Inc¢)ming resour and appllcalion of resour5, induding Its income and expendlture, for the year then ended. have been proFdy prepared In acrdance with United Klngdom GeneraNy Accepted Accolrnting pract1 and have been prepared In accordance wlth the reqdrements of the Q>mpanie5 Art 2006 and the ChaVe9 Att 2011. We condutted our audit In accordance with Intematlonal Standard5 on Audlting (UK) (ISAS (UK)) and appllcable law. Our responsibillties under those standard5 are fijrther descrlbed In the Auditor's reSFKJnslbilltses for the audlt of the finandal statements section of our report. We are Independent of the group and parent charitable company In accordan wllh the ethlcal requirements that are relevant to our audit of the financlal statements In the UK, Induding the FRCS Ethlcal Standard, and we have fulfilled our other elhlcal responsibilitles In accordance with these requlrements. We belleve that the audlt evtdetKe we have obtalned Is suffldent and approprfale to provlde a basls for our oplnlon. In auditsn9 the financial statements, we have concluded that the Dlrettors, use of the going cOnM basls of accthJnUng In the preparation of the financlal staternents is appropriate. Based on the work we have performed; we have not Idenilfied any materfal uncertsinties relafjng to events or condltlons thal Indlvbduèlly or collectively, may cast slgnlflcant doubt on the Group'5 Qr the parent charltable companys abillty to continue as a going concern for a rIOd of at least twefve monihs frcrfn when the financlal ststements are authorlsed for Issue. Our responsibilltles and the resFKKbsibilities of the Olrectors wlth respett to golryj cOnrn are descrlbed in the relevant secbons of this reporL The trustees are responsli Ile for the other information. The oiher infomiation ComseS the Information IndLKJed In the trustees, annual report, other than the financial ststements and our auditols report thereon. Our opinion on the finandal statsments doe5 not cover the other informatson and, except to the extsnt rwISe explicitly slated in our reprt we do not exp¥ess any form of assurance conclusion thereon. In connettlon wTth our audit of the flnanckl StateThts, our resFw6ibility is to read the other InfOrMaOn al, in doing so, conslder whether the other information is materially inconsistent with the finan(ial statements, or our knowledge obtained In the audit or otheISe appears to be materially misstated. If we Kjentify such material intOn5iStencies or apparent matedal mlsstatements, we are required to determine whether there is a material mi55tatement in the financlal statements or a materfal mls5tatement of the other information. If, based on the work we have performed, we condude that there Is a material m155tatefflent of this other informab'on, we are required to reiJt that fatt. We have nothing to report In thls regard. Page 14 of 36
NorrINGH M ROMAN CAT {A company limited by guarantee) DIOCESAN T THEI DENT AUDITORS TO TH THE AM HOLIC DIOCESAN TRUSTEES Opinion on othei matters prescrfbed by the Companies Act 2006 In our opinlon, ba on the work undertaken in the course of the audlt: the Inforrnation glven In the truste& report IncortK)ratlng the directors. ret for the finan(ial year for whlch the financlal 5tstements are prepared 15 conssient with the fInarla1 statements. and the iilwtors, report has been prepared in nce wlth applicable legal wulrements. In the light of our knowledge and Ltnderstanding of the gmup and parent chadtable cornpany and its enronment obtslned in the course of the audlt, we have not Idenfied materlal misstatemerts in the dlrectorg retx)rt. We have nothlng to report In reSpt of the follo%ng matters Whe the Cornpanles Act and the Charftle5 Act 2011 requlres us to Yeport to you If, in our nIOn. adequate and sufficient accounts.ng records have not been kept by the parent charltsble companyi or retums adequats for our audlt have not been recdved from brand Th)t vIted by us,. or the parent charltable compwty s financlal stsiements are not In agreement wth the accounting records and fthjms; or certaln dlsclosures of d5rectNs' remuneratlon sFeclfied ty law a not made; or we have not 1Ved all the Inforrnation aThl explanatlons we for our alL onslbll ste As explalned rnore fully In the rettOrS. ResFonslbllltles Statement set out on page 13, the twstees (who a also the directors of the chdrlldble company for the purp)ses of company law) are respons1te for the preparation of the flnanaal statements and for being sausfled that they glve a true and falr ew, and for such intemal control as the trustees determine Is necessary to enable the preparation of financial 5tatemerts that are free from materfal Mi55tatnent, whether due to fraud or error. In preparlng the finla1 statements, the trustees are resFonslble for assessiThJ the groups and parent chadtable cornpanys ablllty to continue 05 a golng COnrn, disdosing, as appllcable, mattets related to golng concem and uslng the golng concem bas15 of accounting unless the tsustees elther Intend to liquidate the group or the parent chtable company or to cease operations, or have no reallstlc altemative but to do so. or We have been appolnted as authtor under the Companies Att 2(X)6 and sectlon 151 of the Charltles Act 2011 and port In accordance with the Act and relev regulation5 made or Wng effect ts*reunder. Our objectives are to obtain reasonable as9Jrano about whets the finandal staternents as a whole are free from materlal mlsstalemen¢ whether due to fraud or error. and to issue an alltOrS, report that InCILe$ our opinion, Reasonable a5SLsrance Is a hlgh level of asSe but is not a guardntee thal an audit conducted In accordan with ISAS {UK) wlll always detect a materlal mlsstatement when it exlsts. Misststements can arise from fraud or error and are considered materfal If, Indlvldually or in the aggregate, they could reasonably be experted to influence the ecorK)mic deasions of users taken on the basis of these finandal 5ts1ements. Irregularilles, Including fraud, are instances of non-complian with laws and regulations. Based on our ¥Jnder5tandlng of the Group and Industry, we identify the key laws and regulations affetting the Group. We design predre5 in line with our responsibilities, outlined above, to detect maierial misstatements in respect of irwulariiies, IUdIng fraud. The extent to whith our procedures are capable of detectirvj Irregaltie5, irKludlng fraud is detsiled below. Page 15 of36
14OThIN AN CATHOLIC DIOCESAN TRUSTE (A company Ilmlted by guarantee) REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF THE NOThINGHAM ROMAN CATHOLIC DIOCESAN TRUSTEES We have identified that Ihe prindpal fisk of fraud or n-(lp11an with laws aThJ regulations lated to: Management Blas In reytt of accountlng esltmates alld judgements made. Managernent override of control Postlng of unusual journa15 or transl0n5 We focused on those areas that coukl glve rise to a materlal misthtement In the Group's fillanaal statemen Our prOdureS Included, but were not limlted to: Enqulry of management and those charged with govemance around *ual and witentlal Ililgauon and dalms, Includlng instances of non-c0mpl1an with laws and regulations and fraud. Revlewlng legal expendlture in the year to Identlfy Inst&Kes of non-comp11all with laws and regulatlons and fraud, Revtewlng finandal statement disdosures aTrJ testlng yJprx)rttng documentatlon to assess Comlance th applicable laws and regulatlons Performlng audlt work over the rlsk of management ovwlde of ctrS Induding testing of joumal entdes and other adjustments for approprlateness, ev3luatlng the buslne&s radonale of slgnlflcant transactions outslde the normal course of business and reviewlng accountlng estimates for bfjas. It Is the prlmary responslblllty of management, th the oversight of those thwged wllh g0veman, to engjre that the enty,5 operatlons are conductsd In accordan wlth Ihe prov1( of lav+5 and regulatlons and for ihe prevention arKI detectlon of fraud. Because of ihe inherent Ilrnltatlons of an audit, there Is a tlsk that we not detect all Irregularitles, Incluthng those leadlng to a material misstatement in the ffnandal statements (x non-compllance Trmth regulatlon. This rlsk increases the more that compllan with a law or regulationls removed from the events and Iransactions flected In the financial statements, as we wlll be less likely to become aware of instan5 of n0n-compl1an. The risk is a19) greater regardlng Irregularlties ctturrlng due to fraud rather than error, as fraud Involves intentional Conalment. forgery, colluslon, omlsgon, or misrepresentaon. A further description of our responslbllllies for the audit ol the financlal statements is located on the Fin8naal Reporting Councifs website at.. .1[¢.019.UkIaUd1t0rsresp0n5IblI1t1es. This descriptlon forms p8rt of our a(lIOrs, report. Use of our report Thls report Is made solely lo the charitable company's member5, a5 a Lxxly. in ac[0rdce wth Chapter 3 of Part 16 of the Companies Act 2006 and to the charitable company's trustees, as a body, in aCCordare with Part 4 of the Charides (Accounts and Reports) Regulation5 2008. Our audit work has been undertaka) so that we mlght state to the tharitable company s trustees those matters we are required to state to them in an auditc<s report and for no other purw. To the fullest extent pemitted by law, we do not accept or assume responsibillty to anyone other than the tharitatAe company and the charitsble companvs tnjstees as a body, for our audlt work for thls report, or for the opinions we have formed. Sarah Flear (senior statutory auditor) For and on behalf of PKF Smlth Cooper Audit Limited Chartered Accountants and Stotutory AuditLYs 2 Lace Maiket Square Nottingham NGI IPB Date: 30 January 2026 Page 16of36
00) 'M° n°n n 11 xffj£ wttuo
Al. HAM ROMAN CATHOLIC DIOCESA ed ofca flow ES ren 2024 ed £'oo Cash flows from operating artlvltles: Net cash providedby/ {usedln) operatlng artlvlties 788 1,244 Cash flows from investlng activbtles: Dlvldends, interest and rent from investments 2,152 1,873 Proceeds from the sale of property, plant and equlpment 302 627 Purchase of property, plant and equlpment (1,632) (1,131) Proceeds from sale of Investments 3,636 4,221 Purchase of Investments (3,141) (4,376) Net cash flowlnvesting artlvltles Change In cash andcash equlvalents In the reportlngpenod Cash and cash equivalents at the beglnnlng of the reportlng perlod Cash andcash equlv3lents atthe endof the reporting perlod 528 (30) 8,053 8,084 8,582 8,053 Page 19of36
NOTfIN lid OMAN CATHOLIC DIOCESAN TRusfEE of cash ws for ed3 ed 'ooo 'ooo Recon¢iliatlon of net incomel {expendlture) to net cash flow fr(¥m operating activitles NetAncome/{expend/ture) forthe reportin9 period (asperthe statement offinandajartitIesJ 1,012 2,734 Adjustments for.. Depreciation charges 1,042 {Galns) I losses on Investments 522 (2,5761 Dlvidends. Interest and rent from Investments (2,152) (I,B73) Revaluatlon of property, plant and equlpment 43 {io) Lossl (proflt) on sale of flxed assets (284) (486) (Increase)I decrease In debioTs (1,229) 1120) Increase/ (decrease) In credltor5 258 102 Alet cash pmvidedby/ (usedlnj operatlng artivities Analysls of cash and cash equlvalents Cash at bank and In hand 8,582 8,053 Total cash and cash equlvalents 8,582 8,053 Page 20 of 36
NOThINGHAM Notes an OMAN CATHOLIC DIO ountin s for the ESAN TRusr nded 31st March 2 untin The Nottingham Roman Catholic Dlocesan Trustees Is a private company limited by guarantee and a charity governed by Its memorandum and articles of association and Incorporated in England and Wales, The members are its Dlrectors and their liabilty In usual circuMstans Is limited tr) an amount not exceeding £10. The principal actlvlty is that of a rellglous charity responsible for the civil affairs of the Roman Cathollc Diocese of Nottlngham. The address of the reglstered office is St Hugh's House, I Castle Quay, Nottngham, NG7 IFW. The preparatlon of the DI0se,S flnancial statements requlres management to make judgments, esttmates and assumptlons that affett the reported amounts of income, expenses, assets and liabllltles, and the disclosure of contlngent Ilabllltles, at the reportlng date. However, uncertainty about these assumptions and estimates could result In material adjustment5 to the carrying amount of the asset or Ilability- The prlncipal accountlng pollcles are summarised below. The accounting Fdldes have been applled conslstently throughout the year and the precedlng year, except where ststed. The accounts have been prepared in accordan wlth Accounting and Reporting by Charlues: Ststement of Recommended Prattlce appllcable fo charities preparing thelr accounts In accordance wlth the Flnanclal Reporting Standard appllcable in the UK and Republlc of Ireland (FRS 102) (effective l January 2015) (Charltles SORP (FRS 102)), nOlthStanding that the current Charlties (Accounts and Reports) Regulations 2008 refer to the prevlous Charitles SORP, and the Companies Att 2006. As there are no materlal uncertalntles aut the D)Se'S abillty to continue, the accounts have teen prepared on a golng concern ba5. The rewrting Is In pounds sterllng. Notungham Roman Cathollc D(eSan Trustees meets the deflnltlon of a publlc benefit entity under FRS 102. Assets and Ilabllities are Inltlally recognlsed at h15torical cost or transacdon value unless othernlse stated In the relevant accountyng policy notes. 1,2 Basls of The consolldated accounts Include those of the Diocese and the Slck and Retired Prlests Fund for whlth the Dlocese acts as trustee. The separate Balance Sheet for the (IXese, exdudlng the balanS attrlbutable to the Slck and Retlred Prlests Fund, Is shown on the Consolldated Balance Sheet. As stated In note 18 the Dltxe5e holds a number of assets as trustee. The values of and transactions associated wlth those assets have been reported as stated In that note. Ildatio 1.3 Fund The occounts distingulsh beeen those fLFnds whlch are unrestrkted Income funds, and those whlch are restrlcted funds and speoal trusts. The unrestrlcted income funds may te used for any charitable purpose permitted under the Trust Deed. The unrestricted Income funds include deslgnated funds whlch have been deslgnated by the Directors to a particular purpose; the deslgnation may be removed by them. The restrlcted funds and permanent endowment funds are required to be used for a 5peafic purpose. There are restrlctions on SDendlnq the caDltal of the permanent endowment funds. The accounts further dlstlnguish btheen the Parlshes and the Curla. Under natlonal law all of the affairs of the Dlocese, includlng those of the Parishes, are those of the charity and are the responslbility of Its Dlrectors. Under canon law each Parish Is a "Juridlcal Person" and it5 funds a required to be held separately for each Parlsh. Accordingly, apart from any property 0UpIed by Parishes as permanent endowment propety and held by the Dlocese as trustee, the funds descrlbed as Parlshes, funds are re5tritted funds. Page 21 of36
orrINGHAM ROMAN CATHOLIC DIOCESAN TRUSTE e5 and Accountin Poli sforthe ended 31st M 025 in reso Incoming resources are included In the Statement of Financial Activities on the basis of the amounys recelvable for the year. For legacie5, entitlement Is taken as the earlier of the date on which either: the charityls aware that probate has been granted, the estate has been finallsed and notification has en made by the executor{s) to the Trust that a dlstrlbution will be made, or when a dlstrlbutlon Is received from the estate. Recelpt of a legacyi in whole or in part, is only considered probable when the arTh)unt can be measured rellably and the charity has been notlfied of the executor's intention to make a distribution. Where legacles have been notifled to the charity, or the charlty Is aware of the grantlng of probate, and the criteria for income CognItIOn have not been met, then the legacy is a treated as a contlngent asset and disclosed If material Investment Income is included when it Ss r1Ved. Gift Aid refunds are induded for the year to whlch they relate, It is not prdcticable to value the tlme spent by volUntrS nor donated goods, facilitie5 or se1. sources e Resources expended are recognlsed in the Statement of Flnanclal Activities when a legal or construttlve obllgatlon has arisen. Irrecoverable VAT is included In the related expendlture. n Sche The DI0Se has two deflned contributlon penslon schemes, one for prlests and one for employees, the latter belng used for autoenrollment. The contributions are held In separately admlnlstered funds. The Pension Scheme contributions are charged to the Income and Expenditure account as they are Incurred. recei Grants retslvable are taken to income In the year In whlch they are reIved. axa As a reglstered charlty, the charlty Is generally exempt from taxatlon on Its income and galns arislng out of Its charltable activlties. 1,9 T lea Functlonal land and bulldings held by the Parlshes at 31 March 1996 and those held by the Curla at 31 March 1999 We revalued, excludlng land, using Insurance values as the basts. Propertles purchased SIn that date have been Included at cost, Including land. Functional tanglble fixed as*ts otherwise acqulred SIn those dates, includlng contents, have been Includcd at valuatlon. The opportunlty has LEen taken under Charities SORP FRS 102 to Include the valuatlons at which the properties were held as deemed costs. Accordingly propertles are stated in the accounts at COSt or deemed cost as the case may be. The contents of the bulldSngs held by the parishes at 31st March 1996 were induded from that date uslng Insurance values as the basls. These have subsequently been wrltten down to zero as at 31 March 2022. Depreclatlon rates have been applled as followts In order to write off the assets Conrned by equal annual Instalments over thelr estlmated useful lfves: Land Bulldings Contents of parlsh buildings other flxed assets No depreclatlon 2% io% 33% Amortisation has been applled to long leasehold properties as follows agaln In order to write off the a55ets concerned by equal annual Instslments over their estimated useful Ilves: Buildings 2% Where an addltlon refer5 to expendlture on an exlsting building the expenditure 15 wrltten off over the remalning estimated Ilfe of that bulldlng. All new functional buildings, improvements and major renovatlons are capitallsed at the cost of construction. Page 22 of 36
NoINGHAm ROMA Note ountin THOLIC DIOCESAN TRUSTEES s for the eare ed 31st Ma h 2025 School Property Certain school properties are owned by the Dlocese and are occupied and run by Independent charities In the form of Multi-Academy Trusts. There are signiflcant legal restrictions on the disposal of these properties under educatlon leglslatlon. The Trustees conslders the ownership of these assets to be In the nature of custodlanship and they are therefore not capitalised in the Financial Statements. 1,10 Inv Investments held as flxed assets, other than property investments, a revalued at mld-market value as at the balance sheet date. The unquoted investments, being companies set up in conjunction with other dI0Se5 In the Unlted Klngdom wlth thelr surplus Income Ing refunded to the dtoceses dlrectty, are valued at C05t. Investment land and bulldings have been revolued as at 31st March 2025 and are stated In the accounts in accordance wlth FRS 102. Social Investment land and bulldlngs, held ly)th to support the ortlvltles of the DI0Se and to provTrde a return, are ststed at cost. Galns and losses on Investments are reported In the Group Statement of Flnandal Affalr5. I, li D&ktors Debtors represent amounts which the Diocese expects to receive at the balance Sheet date less any reductlon for amounts whlch are or may be Unre1vab1e. These also Include the unexplred amount of expendlture Incurred before that date. 1.12 itor Credltors represent amounts whlch the Dlocese expects to pay at the balantr sheet date. It Includes any amount set aslde to provlde for expendlture where there is a reasonable expectatlon that It may become payable, All the actlvltles of the Diocese are directed toward the salvation of souls. Accordlnglyi further analysis of them or of supporting costs Is not provided. 1,14 Critical ac ur atton u in Investment propety Is held at falr value. Independent experts are engaged annually and valuatlons involve the use of estlmates and assumptions, partlcularly In relation to market yields and rental values. The trustees conslder these estlmates and assumptlon5 to be reasonable. Page 23 of 36
0IN sand M ROMA countln CATHOLTC DIOCESAN T cies for the ar ended EES March 202 To 2025 Total 2024 tated Parlshes COME AND END atlons and le Regular collectlons Speclal purpose collections Donallons Grants reiVed Legacies Gift ald refunds Miscellaneotss Totals MENTS F 4.344 496 1,078 191 2,576 798 204 4,164 453 1,127 56 253 763 In aritabl Reposltory Income Chaplalncy Totals itFes 235 io 244 203 16 219 Fundralsing 409 424 Rents re1vable 895 895 Insurance claims Proflt on disposal of property 19 283 302 59 486 545 11,651 9,066 DITU Ex reon Fundralslng costs funds 87 87 89 89 Ex on actlvl I Special purpose ColltIOnS payable Church costs Hall costs Presbytery costs Housekeeplng Major maintenance Clergy payments Staff costs Offlce expense5 Pastoral expenses Travel, conferences, retreats Reposltory expendlture Donatlons Rental Propety fees and Maintenan t)epreclallon MIlIaneoUS Totals 490 1,586 459 753 224 80 1,025 1,006 407 485 1,475 438 790 337 123 932 412 221 144 iio 335 131 85B 119 7,714 133 128 45 914 103 dl 7,922 7,803 Reallsed Surplus on Investments 21 14 ex enditure 3.749 1,278 Page 24 of 36
NOThINGHA MAN CATH DIOCESAN TRusfEES Account" Policies for the eaT end st March 2 Total 20 Tota 2024 ri £'ooo Net income ex Brought fotward from previous page S BETWEEN UNDS Interest received from Curia Divldends reIVed from Curia Donatlons from Curia Dlocesan quots Interest pald to Curla Donatlons to Curia Totals 233 li 120 (1,053) (19) 128 835 146 li 20 (977) (31) 839 Unreallsed gainsl (losses) on investments 35 61 Revaluation of Investment property 53 io Net ment i 2,826 510 Page 25 of 36
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NorrJNGHAM ROMAN CATHOLIC DIOCESA TRUSTEES Notes and Accountin Policies f ar ended 31st M lo No Dlrertor r1Ved remuneratiori a5 a direct(K during the year. The Bishop and Pr*sts of the Di0se, In their capadty as such. are entitled to payments and benefits such as accommodation and Imng expenses from the Diocese. The taxable value of the are induded in the fwres reported bdow. Loans are also made available for the purchase of cars. repayable over an agreed period. These are all author¢sed by the Artides of Assoclation. A Director who is a priest may be eIlE4e for a grant from the Nott]"ngham Dlocesan Slck and Reb'red Prlests Fund: this is iluded in the figures below if applicable. The tiocese has purchased Directors. and Office, knabS1ity Inswance for its direttors the cost of which Is not separately identified In the insvrar$ tharge made to the Dlocese. The tA0Se reImbUeS director5 for expenses Incurred In that capacity arKI the amountls estimated as belno under É2,500 altryJether. men 025 Rlght Rev P.J. McKiMey Reverend Canon E. larosz Reverend P. Chipchase Reverend J. Kyne 15 15 15 16 No other Dlrector received payments ty loans fmm the tlocese. The follon9 amounts have been charged In the accwnts: Staff c05ts'. Salartes Employers, Nallonal Insurance cc¥)trfbuUcs Penslon Contributions Clergy payments 945 37 23 30 20 802 1,735 2,031 staff cosis.. Salarles Employerg National InsuratKe contributi Pension contrlbullons and Penslon payment Staff Tralnlng 1,021 ioi 46 773 74 30 1,173 880 Clergy casts.. Payments to Indlvidual Priests not In pasheS Priests Pension Scheme 61 59 io 68 69 The average number of stsff (excluding clergy) on an average headcount In the year was as follows: Parlshes QJiTa 103 32 135 ioi 26 127 OnÈ employee received emoluments in eXSS of £60,000 per annum (2024: One). The key managnent personnel are Condered to be the Bishop and the Episcopal Vicar for Finan and Administration who received £30 thoLEand {2024.' É23 thousan(S) in total 05 priests of ihe Th(te5e rather than as key management personnd. The pen51on contrlbudons are paid during yw and so no amourts e outstamllng as at the yvdr entl. Priests are "Office holders. and we rKJt eM0vee5 of the Diocese and are therefore included in the above analysis. The analysis of the numbers of Priesis, excludlng the Bjshop. accordiTrJ to the work whlth they do Is included in the reCt' Repcrt. Paje 28 of 36
orrINGHAM RO ATHOL olicies for the CESAN TRusfEES 1st Ma Parlshes onte Cost or deemed cost èl 1st Aprfl 2024 Revaluations Additions Dlsposals Transfers Total as al 31st Marth 2025 39.493 102 3g.595 1,254 (39) 14 1,268 {39) 116 Depreclatlon as at 1st April 2024 Disposals Charge for the year rran5fer5 Total as al 31st Marth 2025 15,463 (21) 903 29 15,492 (21) 914 12 40 Net 8ook Value at 31st Marth 2025 24,364 75 24,440 Net Book Value at 315t March 2024 24,030 73 24,103 in Co Le Cost or deemed cost at 1st Aprfl 2024 IA5 restated) Addltlons D15posals Transfers Total as at 31st Marth 2025 s,1 203 983 140 45 21 (3> 6,029 364 13) 63 Depreclallon or amotfjsatlon at 1st Aprll 2024 Dlsposals Charge for the year Transfer5 Totsl as at 31st Narch 2025 702 96 41 (3) io 839 13) 128 96 22 798 118 964 Net bjok Value at 31st March 2025 4,4C 1,005 15 5,425 Net Book Value at 31st March 2024 4,299 887 5,189 P8ge 29 of 36
OThINGHAM ROMAN CATHOLIC DIOC TRUSTEES Notes an untin Policies for the ear ended 31st Marc 7. Inv en shes tments nve5tm Investments Investment Properties 4,463 Total Carrying value at 1st Aprll 2024 Additlons at cost Net dlsp05al proceeds Transfers Revaluation Realised net gainsl(losses) Unreallsed net gainsl(losses) Carrylng value at 31st March 2025 946 80 (91) 5,409 80 (91) (53) (53) 21 35 21 35 920 iaTo 'sted and Investme Investments Unquotsd Investment Properties Total Carrying value at 1st Aprll 2024 (As restated) Additions at cost Net disposal prOedS Transfers Revaluation Realised net gainsl(losses) UnalIsed net gainsl(losses) Carrying value at 31st March 2025 28,154 3,060 (3,410) 805 28,967 3,060 (3,545) (135) io io 692 692 680 2025 £'ooo 2024 £'ooo tal Investments ana General Unrestricted Designated d b Fund: 12,139 619 12,228 639 Restricted Endowment Separate Charity 15,141 86 16,008 91 27,985 28,967 Page 30 of36
NOrnNGHAM RO nd Accountln HOLIC D USTEES eare rch 20 Total 2024 2025 £'oo £'ooo (As restated) 8. Lon Te Curi Inter-Diocesan Fuel Management Ltd (see note 15) Rent depltS Enslgnis Depx)slts Loans 25 17 200 647 874 588 men hln l ear Glft Ald Legacles Prepayments 410 I,OOB 129 1,546 338 117 455 Loans Legacles Sundry debtors and prepayments 31 80 104 138 207 287 Analysed by fund: Restricted 18,244 16,466 Unrestrlcted (Including Deslgnated) Restrlcted, Endowment, Separate Char1ty (11,205) (9,788) 9,662 8,412) Analysed by type: Funds In Investments or Money market deposlts Cash at bonk and In hand 15,711 13,726 18,522 16,466 Money market deposlts FtJnd5 in Investments Bank overdrdft 578 367 9,662 (8,412 Please note as at the 31st March 2025 amounts of £0.76m (31st March 2024 £1.Im) within Parish restricted funds were held wlthin accounts maturing beiween a peri(Ki of 3 to 12 months rx)st year end. We have not classified these as Current Asset Investments on the fa of balan sheet or within thi5 note as we consider that it is mc)st approprFate to continue to these amounls wlthln cash and cash equiwalents as the constituent account makeup will change from year io year and it seem5 unneCry to split betheen cagh and current 655et5 when both categorles wouhl show within current assets in any case and also due to fact that these amounts will not automatically be reinvested in the same rnanner. The cur[t disdosure will avoid any confusion trj the reader of the acc(yJnts ise In substsnce there has been no change other than Kcount profiling In order to maximise returrt5, Page 31 of36
OThINGHAM ROMA Note d Accoun THOLIC D cies for th ESAN TRusfEES ear ended 31st March 2025 Total otal 024 stated 'ooo redltors uew Inl rlshes Creditors and accrua15 755 755 454 454 Creditors and accruals 120 120 167 167 on Term duea other long term liabilltles Amounts deposited wlth Curla 14 io 24 13 20 en Balance at 1st Aprll 2024 Prlor year adjustment (See Note 22) Balance at 1st Aprll 2024 (Restated) Surplus/ (Deflclt) for the year Prior year adjustment (See Note 22) Balan at 31st March 2025 45,979 45,550 81 45,469 707 197 45,979 45,979 2,826 48,805 In ow LA Balan at 1st Aprll 2024 Prior year adjustment (See Note 22) Surplus/ (Deficlt) for the year Balan at 31st March 2025 7,598 18,833 26,431 24,207 (22) 466 18,367 6,250 24,617 26,431 Analysls by Fund of Balance at 31st March 2025 Separate charities Endowment Funds Restiicted Funds Designated Funds General Unrestricted Funds 122 18.243 122 18,243 1.556 125 18,704 1,726 5,873 26,431 1,556 4,694 6,250 18,367 24,617 Page 32 of 36
AMRO LIC DIOCESAN TRUSTEE Pollcies for the eare 4. Summa uria rlcte ¥em 1st Aprll 2024 Income & Endowrnenls Transfers Investment Movements 315t March 202S EXpeded De$lgn8ted Funds En6b15no Mission Mission fund to aSst Flesls Legacy Fund lorSmage Adrnlnistrauon ktoty Gh05t Houkeepeis Extraordinary Mlnlsters Ret'd Prfests Appeal Pxjmln Oerby t)eanery Qulnquenntal Inspections Totsl 630 {T) 125 61 932 61 444 976 19 (539) 1121 20 (B) 22 18 75 (2) 16 75 363 12 Restrlcted Funds Housekeepers Retlrement Fund Schoo15 Snging Program DeaSed Clergy Fund Frlend5 of the Cathedral Oeroy Formatlon Fund Poor & Needy Par15hes Mlsslon Fund Spaldlng Project Lenten Stauon Masses Jame5 Heneage Overseas Oevelopmefit Fund Cathedral Project Lourdes Pllgrlmage fund Slck & Reyred Prfests Fund Total 115 92 {22) 151) 141 95 137 8,020 1.351 37 236 49 {1551 161 li} 19) 15) (1291 (zo} 12} 7,972 1,375 54 51 24 24 132 io 321 770 (3241 {281 662 191 279 {si 140 299 255 41 332 Permanent Endowment Foundation Masses 125 122 Separate Charltles Slck and Retlred Priests fuTrJ Nottm, Cathedral Musk Fund Toial 1391 Total 20,558 1,174 2,0131 518 3141 19,923 The Ajnds Ilsted atrn are lor the folloAw purp05e5. Enab11ng Mlsslon Fund To help Partshes to ad the CathdK Comfflunlty Into a deeper encounter with Chrlst Legacy Fund Lè9aeles recefved for the C#rKese 19 te used at the dwretk>n of the tlrectors. PlkJilmagE Admlntstratlon Fund Admlnlstratton of the iocesan Pilgrlrnage to Lourde Hoty Ghost Housekeeper Fund 9Jpport of housekeeper fOrThrtY employed by the Fbly Ghost Fathers. Extraordlnary MlnSstefS Fund Comm&&on lor the Extraordinary Mlnisiers for lknly CommlOn. Retd Prlests Appeal Adm. Fund. Runnlng costs or the Rettred Priests Apwal. Just[ & Peace Fund ktjvibes of the Ivstice & Peace Commlssknn (olher than fiek1 wothefs satsry}, Derby Oeanery Fund Projects support1 by the Derby Deanery. Qjlnquennial Inspethons Fd F¢Jnded by speoal DKe5an i>Jota In 201617 to spNd the mst falrty over pathes. For the rellef of retired re4Jent FlwsekeepÈrs of t Housekeepers Retlrement Fund Nottin9ham Diocese SchoDls Slnglng Program Part of the Na¢al Scho)15 StwJwKJ Progrnm ea$ed aergy Fund To assi51 in deallno th tkwsed Clertys affalrs Friends or the Calhedial To asslst Ihe CathedRI In particular areas Clergy ForTnaUon Fund Educdtson of prles15 deacos)s, thetr On(9 forrnattotb and fosLerlrw vocaUon& Poor ènd Needy P4$he$ Fund gjpport of poor and needy parishe5. ML551on Fund pport dnd a5sstsftce of mission ti¥Ie5. Lenten Statlon Masses FUNJ e4shop's charitable purposes {wlthln the Trust tMd). James Heneage Fun(J Malntenance of the Chapel at Hainlon Hall. Overseas Development Fwd As%st In Caiholc projeds overseas. Cathedral Project sihedral restorauon to orfginal Pugn state. Lourdes Pllgrimage Fund Awl those of the CJtholK Faith for Lr*J(de5 "Igrfmage5 Slck & Reiired Prlests Fund For the benefit of (k or tIred priests Page 33 of 36
OTfiNGH otes an OMAN CA ntin OLIC DIOCESAN TRU cies for the ear ended ES st March 2025 Lourdes Pilgrimage Fund Assistance to those wishing to make a pilgrimage to Lourdes. Sid( and retired priests of the Diocese. Slck & Retired Priests Fund ermanen Endowmen Funds: Foundation Masses Fund Payment of Mass offerlng5 Out of income for the intents'ons of donors. rate C Sick and Reb'red Prlests FurKI Sick and retired priests of the ljocese. ntsan rshi ani a) The Diocese owns 4,000 out of 125,200 shares In the Catholic Natlonal Mutual, a mutual Insuran company Incorporated In Guernsey. The net assets of the company at 28.09.2024, the date of the last available accounts, were £28.9m (2023: £28.7m) and the profit for the year ended on that date was £0.18m (2023 loss.. £1.53m). b) The Diocese owns 4,000 out of 45,000 issued and fully paid ordinary sha5 of Inter-Diocesan Fud Management Ltd (IDFM). The net assets of the company at 31.03.2024, the date of the last available accounts, were £155 thousand (2023: £150 thousand). The result for the year ended on that date was £1 thousand proflt (2023: £9 thousand profit). IDFM was set up in conjunction wlth other Cathollc dioceses in order to purchase electrlclty and gas for Dic(esan properties MOE favourably. c) The DI0se Is the sole member of Nottingham Roman Catholic DIn Education se1 (NRCDES) a charitable company limited by guarantee, set up to take over Its D[can Educabon se1, Its dlrectors are partly appointed by the Blshop and partly by the schcK)Is of the Ditxese. A5 Stated in note 3, a number of Dircctors of the Di¢xese are also directors of NRCDES. The Diocesan schools have been reorganised into 3 Multi Academy Trusts which are companies limlted by guarantee. The DI0se Is a member of these ccffnpanies but does not apFoint its dirertors, The members also include the Bishop and the Episcopal Vlcar for Education, who are directots of the Diocese. Slnce the Dic£ese does not control any of these companie5 nor participate in any share of their profits or losses, they are not consolidated with those of the Diocese. ital Co ents Capltal commitments at 31st march 2025 amounted to £1,504 thousand (2024: £310 thousarmd) arising out of bullding and major MaIntenan work in parishes and othernise a) The Di0Se ha5 provided indemnities to Lloyds Bank plc In order for it to accept cheques made out tr) a payee with a different name from that of the account in questi{ and in relation to T PCO through which payments are made to members of staff. Page 34 of 36
NoING otes and Accounti AN CATHOLIC DIOCESAN TRUSTEE 31st held as truste The DI0se Is the trustee of Nottingham Roman Catholic DI0San Tru51ees, the former unincorporated trust, which remains in belng to receive legacie5 whid) are passed on to the Diocese. Thls trust owns no assets beneficlally. The Diocese owns land at Crich with the Youth Servlce Trustees, occupied by them, costlng £437 thousand In Dember 2011, in the proEJ)rtion 75010, the DIceSe, and 25%, Youth Service Truslees, for whith no rent is charged. The cost of thls land is included in freehoki land & buildings in note 6. The DI0Se Is the trustee of the Sick and Retlred Prlests Fund, a separately reglstered charity number 510119. Its results have been consolidated th those of the DI0se. The Dlocese owns the followlng propertles, occupied by parlshes, as twstee. The values of these properties are Included with other parish owned propetty In note 6. Permanent Endowment: Alvaslon Parlsh Hall Earl Shilton Presbytery Ilkeston p$bytery St Phillp Neri Parlsh Hall, Mansfleld Holy Souls Presbytery and Parish Hall, Scthorpe St Hugh's Presbyleryi Broadgate Llncoln Eastwood Presbytery Eastwood Parlsh Hall Good Shepherd Presbytery* Arnokl Good Shepherd Parish Hall st Phlllp Nerl Presbyteryi Mansfleld Hadfteld Presbytery Marple Brldge Presbytery Marple Bridge Partsh Hall Market Harborough PSbylery Market Harborough Parish Hall Ashby de la Zouch Presbytery Whltwlck Presbytery Osgodby Mass House Spalding Church st Mary's Presbytery, Loughborough Date of govemlng d0oJffnt 10th August 1906 7th Aprfl 1920 25th June 1906 12th March 1937 7th January 1920 Not Known 6th August 1907 6th August 1907 9th July 1923 9th July 1923 28th Aprll 1908 23rd Dernber 1925 23rd December 1925 15th September 1921 4th March 1876 4th March 1876 19th May 1917 22nd September 1902 3rd September 1985 20th July 1876 & 24th April 2002 3rd November 1840 ion The Diocese has I0 defined contrlbutlon penslon 5cheme5 held in separately administered funds. One Is for the prlests of the Dlocese ar one is an autoenrolment scheme for the staff of the Diocese. Page 35 of 36
orriNGHAM ROMAN CATHOLIC DIO ccountin Pollcles for th RUSTEES ed3 st Marth 2 25 O. Related P ctions Insofar a5 the Directors are awère, there are no other matters rewired to be report&J other than as alre& shown In these accounts or below. A Loan of £650k was made to the Nottingham Dlc(esan Catholic Youth SeThi who have related Trustees of the Nottingham Roman Catholic Diocesan Trustees and Joint lerShIp of property (Notes 8 & 9 Curia) the balance at 31.03.2025 was £607,323 (31.03.2024 was £557,758) and they received a loan l¥)liday to as51st with cashflow. IDFM accnjal for the provislon of gas & electricity (Note 11 Parlshes) ftjr 31.03.2025 was £184,253 proSon (31.03.2024 £220,000) Catholic Insuran Services provlde the Insur provlskMI for the NRCDT and this amounted to £258 thousand (31.03.2024 £244 thousand). vents after Several slgnitlcant develownenls have taken place slnce the end of the finandal year: Progresslon to th8 Restorlng Pugln DeliveryPhase The Development Stage of the Cathedral restoration was completed In autumn 2024, and the Di(Ke5e submltted Its appllcatlon for the Dellvery Phase. In Aprll 2025, a mafrN £1.69 mllllon grant was confirmed, enabllng conservation woth to begln In 2025, Speciallst teams, Including Cliveden Conservatlon, have commenced creation of an Interpretation of Pugln'5 original decorat6ve schemes a(xoss the east end chapels and mbulalorles. Expansion ofthe Enabllng Ourmisslon Campalqn The dlixesan fundralsln9 campalgn continues to prOs$ well, with new parlsh groups launchlng In late 2024, throughout 2025 and now Into 2026. Parish partlcipation rates have been strong across most deaneries throughout thls perlod and regular disbursements of dollations recelved have been made to partshes. Parlsh Reorganisation andDeanerySernce Hub Rollout Followlng extenslve consultatlon, further parlsh amalgamatk)ns have been Implemenled. Deanery seCe Hubs have begun to be establlshed, and the flrst Hub Managers appointed. Ne•V hub locaoons ConnUe to Identified. Ongolng Jmplemontation and Developmentof the Mlsslon Plan The Mlsslon Plan wlll be Implemented across schoo15. parishes and chaplalndes, wllh the lajnth of ft)rmatlon programmes, mlssion leadershlp Iralnlrwj, youth engagement strategles and (x)IlaiM)ratlve diocesan 5UPPOrt structures. Youth Engagementand Gmwinglnterestln CatholicFaith The Diocese has conb'nued to obserye irKreasd engagement among young adults alld enquirers, con51stent wlth natlonal research hlghllghted In 2025. The 2025 Rite of Electlon Saw 158 catechumens and candidates, further strengthenlng slgns of renewal and growth. Indications are that Uls encouraging development wtll continue In 2026. These relate to the reallocation of what was previously referred to as Social Investment l¥operties to Increase Fixed Asset Properties by a cost value of £1.090k and reduce investrnents Kcordingly and in(Jease depreiiation by £22k for the 202312024 year and reduce the c05t value above by the same amount. Also there was a correction on sale proceeds on Parish properttes retained by the Di0Se kn.1 the dlstrlbuu was agreed. Th15 affected the brought ftjtward balan by £81k for Parishe5, and in Year endlng 31.03.2024 by £197k, reducing Capital income by £70k from £238k. irKreasing Donations by £91k from £244k and Increaslng sundry expense5 by £36k from £82k. Page 36 of36