Archdioee8e ol Cardlff-Mcnevlc?- Repori ol the TrusteLiS - ihe ypai ended 318t March ?11?_5 ARCHDIQCESB of CARDIFF- MBNEVIA ARCHESGOBAETH CAERDYDD- MYNYW ANNUAL REPORT & ACCOUNTS For the year ended 31 March 2025 Archdiocese Df Cardiff-menevia C.harltable Inogrptsr&te.d .Org8nlsatlon Numbep.'1177272 Archctioce5e ol Cardlll-Menevia- Report of the Tiustee5- Forthc year elided 31 st March 2025 ArGhdloe•49 of C8rdllfvMenevlg Contents ¢)1 tho FlnanGlal StatementB for thoY8ar Endod 31 March 2025 Page Ref•ronco and Admlnlstiatlva D8talls R0POrt ofthe TN8¢o0s StstsmBnt of TrLlSteeÈ' Re8pon¥lb151t185 Report of tho Snd•pgndenl Avdllors 0 to 9 $tthmont of Flnanclal Acllvltles 10 fo 11 statemont of FlnanclAI Pgsltlon 12 514lem&ntof Cash FIOWB 13 NotBs to tho St&tgm8ntof Cash Flowi 14 Notè8 to tho Flnwnclal St8tèmonts 15 ¢0 25 Archdioccge of Cardlff.Menevla- AEport ol the TIustees- For the year ended 31 st March 202Jr Ar¢hdloco49 of Cardlfv M8n8vlR R•fvrenco and Admlnlstratlvo Dgtalls forfho Yo¥End•d 31 Mar¢h 2025 T¥u8te88 Rlghl Rgv Mark O'Tod¢ Raverond Brf8n Grgy Roverend Phlllp Monghon R8vor8nd John K81 Rév8r8nd Matth8w a￿@S Dr Nora KIIIBen Mlchael Prlor Davld Llewgltyn Jane Shankland Paul RolfIappoin￿ of￿4.25) Wllllam O'Leary18ppdnted 01.04.261 Karen Jon95 lappolnl8d 01.04.25 R8v8rend Paul Watson lappointed 01.1M,251 14evorand B8n8dlotKoledoye lappoln18d 01.04.261 Roglstsrfjd offlfJ8 41143 Calhedral R08d Cardllf 5oulh Walas CFI 19HD RaglBt8rqd ¢tJnpany rnimhor (England and Wal881 RoBltster8d charlty numbor 1177272 SollGltor6 58lfords Sollcltor8 Jennar Hou88 la Jonn9rRo8d GuSldford Suifey GU13PH 8lona Kkng LLP Upper Bor¢ugh c￿￿11$sBl Upper BNough Walis Bath BA1 1RG lov￿lmont ad¥lser8 Brewln DO￿Nn g Colrnore Row Blrmlngham B3 2BJ tMreGtor of 8choo18 Hnd Coltegfr$ Mr8. A Rob8rBton Irotlrod 31 Augu8120251 Mr P Whlts18ppolnlBd August20251 Rev B SlxtU5 MrJ y80n￿ Mr D Evan8 Mr C Mullona Ms S Roblln D5r¢ctor of R811glou$ Educatlon1Sch)91s Proporty Man8opr hlef Operatlng Offlcer $afeguardlng Coordlnator Head ol Flnan¢¥ PagB 1 Archdiocese ol Cardlll-Menevi(i- Report Dt the Trustees- For tlie year o.ndcd 31 $1 March 2025 Archdloco50 of Cardlffimonovla Reportofthe TruAla88 forlh8 Yèar ￿[￿ed 31 March 2020 Th8 TruBlo98 present Ih&lr Raport ¢og?IhBr wllh Iho flnHnd818t8tements ol Ihe Arthdloc898 of CArd1ff-mene￿a for th8 Y8aTeThled 31 Mgrch 202S, whloh ar8 prepBf8d In aword8nco ￿th th8 CharllleB SORP. ObJBGtlve8 and 4Gtlvltl88 Thg prtndpal object8 oflhe charSty ar¢ the pre58ry8￿on &d¥anceTnenl orth8 Romon Cathc41clHllh. and the prorfd of prfmary and 88condary educallon. Th8 thurch 808kB lo achleve the fiysl of th￿9 by the follo￿ng rne8ns: To prOG￿lM Iho go8p81 • To wor5hlp God Ttsform and dov8lop parf$h wmrnunllle8 • To offer servlce to the wld8r communlty and seaks to provld8 pr1rn￿ry and 8econd8ry educa￿0￿ by.. tho prov181on of Galhollc school8 In co-operallon wllh locol aulhoillE88. mBnaglThJ Ih9Eo scho￿9 Ihrou9h th8 appokntmenl ol a mHlorfly d found&llon govemDr8 on the gov8rn btsdle8. ensurfng 0 80und Roman Cathollc8thoB Is malnlalned In th888 Behool&. The twsl8eB, supporl8d by the boards consullatlve tr*Jdlas. conllnuBlly the alm$. oblecllves Bnd ac15vllle8 10 8nsur& th8y SUPPOrt th? prln¢lpl8 Obje￿lIVeS of the charfty. Th8 8ucc6s¥ of each key a¢tlvlly Is monllor8d le ensure Ihay rem01n focused on Ihese pdndple object￿e￿. The lru8lèe8 have referr8d lo tho guldance conlo1ned In thè Ch8rlty Commlsslon's gO￿ra1 guldance on publlo beneflt when revI￿n9 Ihe 8lmg and obl8clfvo& and In plannlng futu actlvlil85, thus en8ur1na Ihal the Gharfty conUnue8 In115 Slated purwse. SorvlcE by Voluntoèr Much orth8 8cilvlly ofthe Dlwson TTusll& carded oUttyv￿ntfj8T8. TyplE*lly. beiweon 10% 8nd 20% of8ny part6h communlly ￿11 b8 acilvdy engaBod In suth acllvlty, ellh8r In parlsh InllLgllves or through Ihe s8rvlce offemd by other C&lhollGorgÈnlsallons Ihal are pre$8nt across the Oloces8 and beyond. Th15 $gN5c8 perfortned by Ihe layfalthful Is an Snlrfnslc part orth81I18 ollhe Church and Is grÈally valued by th8 ArGhblshop and Dlractor8 olthe Corporate Tru$ts8. a5 It 18 by pBr18h c16roy and do¢osan cantrol 8taff. Orant mBklng pollcy Tho Dlocesan Tru81 L8 not prfmarfly o grant mHklng ch8rfty. MoBtgranb 8r8 of rThJd0$t 8Sz8. O[W81o￿l IBrgergr8Thts are made. m08toften to Calholl¢ schools lo 8881st￿th caplt41 prol8cl8. Pltbllc bBnolIt The Charlly cemplles w11h the duly In the Ch8rltle5 A¢1 2011 secllon 17 to hav8 dv8 reu#ré lo putllc bBMllt guldanco publlÈh8d by th& Charlty Commlsslon In determ1nlng IhB ÈC1￿111es undbrtaken by th8 Charlty. The publk bBngnl provldBd by the Charlly Includ89 thtr p￿￿910n of rellgious c8remonl8s (such a5 boptl8ms, woddlngs ond fun8r818l, ma1nloln1ng rel￿10￿8 burlal orounds, colebrallng publlc Masse&. and provkllng and malntalnlng placa8 ofworshlp. There IB 81&0 a b8nefil lo the general publlc aB ¢hurches CBn be H¢C8888d by p8oplo of all f2llh8 and none. for pBrÈon818plrflual cont8MplgllDn. Calhollc school$ ond parlsh8s 8re communltles whEch conlrlbute to Ihe morol Bnd splrllual wellbelng ol those who poriidpale. From these c8nlres gducallongl, soc1￿ and p281ora1 work Is carded oul 88 8 pm¢lk81 expreSBlon olfallh. Ml ofthose conlrfbuie lo Ihe wllb8lng olclvlc sDclety In our¢tsunlry. Page 2 Aichdioceso of Carditt-Menevia- Reporl ol the Trustees- For the yeiir p.iided 31 st Narcli 2025 ArchdloGo80 olcaidifF. Menevla Report ofthe Trust&&o fortheyoar End•d 31 MarGh 2025 ACHIEVEMENYS AND PERFORMANCE Tho At¢hdloco90 olcardlff has, Ihls year, corfnued dll1g8nt￿ kn l($ 4york lo promot8 Ihe Gospel ond the Calhok FBllh In Sotsih Wal0$ and Hgrdord8hlre. AmorwJ$l msny of th6 r8guLgr Activi￿95, one slgniflcant d8vebpment h85 boon the 5ucG8$$lul completlon of th& proc8SS of¢on￿￿tatIon ￿1h a v18Wto unlfl¢aVon of Iha Arthdloces8 of Car¢Jlfland the Dlo¢a$8 ef M•nevla. Yh18 Invotvfjd v8rlou8 stake-holder8 TNsts98, employ88s, cleigy Bnd IHY p80p18 an 8tt9mpl lo collect aB many dff18rent ￿ewS BS P084bl8. Baspd Dn th8 compr8henglva d05sl&rcomplled as a r88ultof Ihg fjonsult8tlon proc888. thB Htly Falher dèclded to unlle the iwo 8￿$tIng D1008ses knlo one n8w Archdioce$8 ol Cardiff.Menwla. Foll￿ng a great deal ol work by Truskes. clor9y, and ofnrla15, wllh Ihe support 018XPart leual advl88r8, lh8 C￿11 IrLE8ts of Ihts ArthJloce¥e of C8rdlff 8nd IhB Dloc8s@ of Menevla I￿11 unlte chrtity a8 of 1st Aprti 2026, A8 w811 as thg 6ccleslaslkal both$s comlfig log8ther, vgrfous of the ¢utsl deparimBnts h8v8 boon wothg t0￿h￿r wlth the DIoc88è 01 Menwla, most nobbly tho 8afegu4rdlDu Offic8, and Ih18 has provÈd g grtsal su¢oess. The CoTnmunlc8Uon6 8nd Dovelupmanl dBpath8nl$ hava 81sD beon worklng vAth Menevla DIo¢gs8, to 9Dod effocl. It 18 hoped Ih81 tha 8ff8¢llveD8S8 and succe8$ VAII follow wllh th6 0lhBr ¢Jeparfm8nls, when the iwo GMI tiusl$ com& te9￿har. Anolhor are8 ￿lch has $9en Go11H￿ratIon with tlw ef Men8vla Is th8 charfl8blo actlon brpTreh of Ih? Twgl. Addlng to Ih8lr team. they hav8 embatked UPDn var1ous charllab16 woleGts. as w811 as sUPPOrtlng eKlstlnu projects, tD hdp those most In need. In oddlllon to Ihls. the TN$I has trfed to support ald to lh8 Holy Land In 8 parll¢ular Wayl prknarfw through luThlrdslng. Much provi$lon has bgon m?dtr far yow pgopI8 th15 year, as the Dlts¢888fi'Youlh Cwncll, hay bÈon very 8cilve 8ln¢? bElnu establlGhed la81 y8ar. There have beon m8ny evenl$. Indwjlng doy-relreats, & waekend pllgrlrnage, and A galh8rlng 91 young l&adeFS. to en8urg Iho conllnuallon of th15 piovl*pTr. and 114B Important a8P801 of IhB ArdvJloo858 mlsElon. FollovAng th8 rÈc8nl pur¢has8 of Sl Non's chop91 aThJ rtrtreat C?Trtre Irb Sl D8vld'8, Pombrok88hlreby the Tiusl, Ihe ¢8nlre opened kn the Summar 012024. fcllowlng renovatlon works. st Ilon's provides A place for paople (o vlsllon retreat orand at80 h05t& varfous ev8015 orggnlÈed by lh8 Arthd1¢￿￿o. Includ1￿0 a rAlgrlmao8 ond a young l&ader8' yotsih we8kend, d wariou$ lalk8 ond conferenc0$. The lookB $81 to recefvg mBt)y mcfe pllgrlms, and host dmllar evenls. In the lulure. The Archylocw has organl$ed plgrlmages *)d worked wllh ecumenl¢al padn8r8, In pllrUwlarvAlh thB Angllcan Church InW#Ee$. A week of aware￿8$ 8nd supportforvl¢llms and suN￿or8ef obusB Ènlllled LOUDfence has become a regular bv8nt and v8rfous olhorev6nls h2v8 t8kon p18ce, etharthg Ihiks wllh the dviGand publl¢sphgra. A prfest WAS ordalned the Archdlotr99e of Caidlff In the summgr. 8ddiru to the presbyleratj 88rvlng Its mlÉslDn. One mgn has begun Iralnlng lerlhts Prta8lhood. The Cgthoik &thool$ Wlhln s￿th Wales and H8rÉlO￿Bh1Ie - 8nolhtrr Important aspeGt of Iho work of the ATchdlt)C888, have conllnued to prov8 popular, provlda 6xco119nt edUC&￿On. wllh good insPSCtlon resuIi8. Eduoatlon Sub£ornmlttè8 Durfng the pedod 202412025 0 koy prEorlty for lh8 ethjcatlon departments of tha Archdloc8se of Cardllf and Dbc8$9 01 m￿avIa wa8 10 5UPPUt th8 ￿5￿Call0￿ pr￿96 by strerylhenlng and 8119￿ng lolntworklng proc888es pro¢eduws. W¢ik conllnued lo f￿￿$ on embeddlng The Cathol¢ Schooys. Inspedlon Fram8work £nd estabushlng a whda Wales Bpeclk)n18Bm and pro¢è88. An onnu81 calandar ol Inspecllons for schods In Walés was produced and a programme of regularlr81nlng prO￿ded loi In8P9¢1or8 lo ensure cong*te￿yo1ltsdo￿)ents. A wmmon modomllon proc688 for as5udng th6 qualily ol Insp6¢Uon reports was also IntrothJc8d. Pag8 3 Archdiocese ol Cardiff-Menevla- Report of the Tru8tces- For tho yoar ended 318t MarLh 2025 Archdloco88 of C4rdllf.MonovI8 Roport oltha Tru8tOOLI forlho Y•ar End8d 31 Mar¢h 2025 The foouy In R81Eglouy Educallon for thls year waÉ th8 conllnued Inlroductlorb 8fKI 8mb8ddlng ol lh8 R81195ous Edueallon Dlr6clory. Regular Iialnlng fjryj workthDPS were provlded for schools. Newly publl&hed r880urce8 w8r8 8dop18d 8nd trlolled by schouls and addlllonal r8source$ Produced by the Dlore90 of ClSfton were also mad8 avollable le 8choLI& Tralrfng w88 provlded on the use of Scrfplure lo supportand enhance the gifècllva 18achlng 01lh8 RED cuirtculum. Th8 Educallon Dap8rtmenl and Calhollc Educqllon S8￿ce met r8gulaTly wllh Wd8h Govemmettl. tha Weluh Jolnt Edu¢Bllon Commlllee IWJECI and Quallficallons Woles to 8n5ure Ihat Ihe new GCSE speCIfica￿On. Inlroduced In September2025, was fil for purpDSè and m0tth8 needs olCathoUG Bohool$. Inclu81on worf¢thops were planned ond dellvered for 8chool Ho8dte8ch8r8 gnd RSE Coordlnalors In th8 ATchdlocÈse of Cardlff-menevla and Dloces9 of Wr&xham. A documenl'mode by God- Mod& for (Jod.. wlth a far8woTd by Archblshop O'Tuolè wa8 prepar6d 8nd publl8had io provlde uuldanc8 and pra¢llcal 8upporl to 8chods 8nd Io 885tgt Ihgm In accomp0n￿ty￿ younu p8opl8 and d8llv8rlng th18 88nslllva Br88 oflhe ourflculum. Tr81nlng and workshopy w8r8 provlded for schotls ￿1h a fo¢u$ on prayer, Illurolcal foTmallon onrf the 8plrflual 8en88 01 liturgy. In prepBr8llon forthe pub11callon Bnd Introducilon ol the Prayer and Llturgy Dlrectr)ry In ApTII 2025. After mHny y8ars of m88llngs ￿th Welsh Govamment Bnd local HutlK)dll88 we ware ￿e888d that 10 schoots from th 8rchdlocese were Inc5udèd In the bca1 aulhDrlly 8ubm1$5knns to Welsh Government fur Inclu&lon In Ihe SuslBlnable ommunltles fgr Le8rnlng Cap1181 programme. Th& submlsylon Indudes Ihe IAJlldlng of 4 new s8¢ond8ry Bchools and Ihe sEgnlficanl refurblshmgnl of 6 prlmary %hool8. ThBr8 18 a p05s1blllly Ihot addlllono18chools may be Induded al o 18t8r S8v8ra1 schools benefiliod from addlllonal fundlng under th8 Voluntary Mdod Urgent R9polr and Malnlenonc8 Grant, for Intemedlots eap11a1 prolscls such Hs r8placBment roofs. Th18 fundlng wo$ s8cur8d ￿th support from Ihe C8lhJllG Educallon SeTvke8 Advlser for Wales. An &ddlllonal 30 5ohool8 have bBen Id8n11fl8d ond dlscus8ed W8l&h emmentH$ 8 prforftyforlolur8 fundSng under Iha scheme. Sl Davids College 8nd th8 CES Advlser for Wales havè conllnued lo Svpwrt lh8 ￿r¢b￿0c08e to devolop th8 Pest 16 Nollonal C#iho11c College whkh enablÉs schools lo provlde p￿11@ quallfi¢allon$ Such as A levols In Tnlnorfly subjects. In $u$t8lnable 8nd vlable mann8r Ihrouuh on11n6 cd18b0ra￿on ond l&athlng. Safeguardlng SubQommllteo Foll￿n0 the rnerg8r of Ihe Ar¢hdlocoyo ol Cardlff the ol man￿a, thè 88f8guardlng departm8nt bBcom8 roymally and c8nlr81ty responslblB for safeuuardlng across th8 nevAy con811tuled Ar¢hdloce86. Durfnu Ihls p8rfod, Ihe dopartment managed Ihre8 Eerlous safeguardlng cayes, one of whlGh rèsull8d In o ¢ilmln81 convEcllon, Ènd 118 praGllce nd governÈnc8 weTe further 8Giullnlsed through 8 formg18af8guardlng sudll. Desplb these ch8llenu&s, notable athl8vemenls were dellverod. In¢￿dIng Ihe dgyeloprfvant and Impl8menlollon of lh8 Team Around the Priest sy&lem. Ihe pubHcBllon of 8 comprehen91v8 Sgfeouardlng HÉndbook, and th8 relloul ol key Ir8lnlnu InlN015v85. Theye In¢lud8d resloralive pracllce lolnlng. trauma-InformÈd $8f89uordlng Iralnln9b and Pf8v6nl Irolnlng. all of whlch 8trenglh￿ed $af8guardlng culture, HwarÈn8Ss, and professlonal pracllce acro88 Ihe Ard)dlocase. Page 4 Archdlocese of Chrdill-Menevia- Report ot tho TrustEes- Foi. the yeiir ended 318t MarLlI 2025 Ar¢hdlo¢w ofcardlff-monovl Roport oltheTrustoes forthtryoar Ended 31 ￿leh 2025 8trntaglc r•port FlnanGlal ravl The slatement of FlnBnclal Adlvllles on p8ue 10 shows Sncomlng M8(xJrca& of£5.967m. Bn Increas9 Ot£501k on the 31 M&rd) 2024 year.end figure of £5.46em. Incom8 Irom leuadts was I130k, a ￿dL￿Ion of £250k compa¥ed to Ihe 2024 flour0 01 £3119k. Donallon5 to Ihs d)aTlly hBV8 grown by £531k. The SOFA $howts axpendSlure 01 £7.158. an In¢re8s8 of £833k on the 2024 flgure of £6.326m. In¢lud8d Bxpendllur8 Is 8 sum of £2.299m spent on r8p8lrs. ThB qUOtPAI In￿$t￿an19 madg B b8s or £28k durlnu the yoar du& lo $lgnllcanl m8rt<ètvdatlllty drfvèn by r8n8w8d global trade wars. Tha net Incomlng re8ource$ of th8 ¢harIlyfort￿ yogr show8 8 tosg 01£147k compaiBd WI￿ 8 surplus ol £73k duilng the yeareNJed 31 Marth 2024. Invesfmtynt Polloy Thè inveslrnents 8r8 man8ued by profe$Jlonal manguer6. Th8 portfollo 1$ $lructured to provkdg Income 4nd caplial growih that wlll malntain real v8lu8 to finance th18 obj021￿85 olthe ChfiW. Th8 quot￿ Invé81m8nt8 m8dg q Igs& 01£28k Inel of232k Inv68lmenl managem8nl ¢hBrges1 al the balanc4 Bhoatdate. The twsl888' polity Is le malnthln fieo resÈrve8 aqufvBl$nt lo slx monih* lotal #xp8ndllurg. The balance Ehool $hows tolal res8tVo$ 01£22,959k. Tanglb10 flxed assets Bc¢ountfor £11,034kof the rpserves. £3.916k Is held sn reslrlctèd lunds man8ged by lh8 Archdbco9$, 8nd a furthèr £1,381k 1$ hèld In de51gnalad funds. Whllst ngt Cul￿nI 85sets £1.61r2k1055 r6slrlcted funds of £3,916k r8pres8nls a deficll or £2.314k Sn ImM8dlolely avallable ia88rv8s, £8.227m15 Included1n Investmgnts and Inveslmenl funds Hre avallabl8 lo b8 transferred into Gash al onB wegk's nDII(x. Thls fluuro rweds lo be consldéred In lh8 Huhl of the annudl exp8ndlluro of£7.158m and lulw8 planned bulldlng m#lntenan¢o and developrn¢nt. Futura plan$ (In& of thg ma1n fo¥J809 forth8 Trusl In 202616 wlll be trj complgtg Iho unlllca￿0n of the Archdloce88 of C8rdlff and tho Dlocesa of Mgn8vls. Followlng lh8 6slabllshm?nl OW IhB Arcmiocew of Cordlff-mene￿a a& an acclèslasllcal enlllyb the Twst wlll refte¢l th18 chang8 as 01181 Aprll 2025. Woth wlll conlnue io embed Ihe new ATchdkcas6 of C8rdIft￿8ne￿a. comtnunltallw with ¢leTgy, curlal slaff. and lay wÈll as thls, the Trust wlll hope lo bulld on the work of Ih y88fGonllnu8 In mlsslon of promollvJ ihe Gospel through many varfed mpans. Ther8 wlll bg 8 specifiG on In¢r0&81ng 'formetton' 8duGH1lon￿. opporiU￿llfr6 through our fo¢u¥ed oulreaGh piog¥amm8s with IhB a8slstHnie of $0rn8 out8Td8 partnors ￿th Oxpertlge In those flelds, whlth forms part Df the overall Etr6nglhenlng pm@SS88 for onoagBmenl and conirfbullon of 8 grealer ¢re58 secllon of Iha Archd10¢988 G￿l0Th-MakI￿ and govom3nc8 oflhÈ ArthSthe$o. Th8 charfly Mll conllnuo io bulld on the work undgrtaknn to d8t0 In mÈ811ng 118 014ecUw as 86t out on pag6 4. Apart from the oeogr8phlcal aTeg b8lng EeNed b8lng groauy InNea8èd fdlowlng the dkncesan llnlficatlon, no &lonsncanl hangÈ8 In 8mpha$l8 are expe¢te(J In Ihe ¢horily% 8cllvWe$. Charllfyblg Incorporalgd Oruanltsatlon ICIOI On 28lh March 2019, Iho tru$leas executed É IrAn&f￿d9ed whlch Iran8feN8d the 8sYPts, hèbllltley 8nd undortgklDg8 01 tho CBrdlff Rorngn Calhdl¢ thkndiocgB9n T￿St to lh6 Archdiocasg of Cardlff-monwla, Charitable In¢orporAled Organ158llon ICIO}. A vesllng declara￿On ¥￿Thed by Ihe trustees on 28lh MBrch 2019 ery6ured ihat legal Illle lo permarÈBnlly eThdowed prop8ty wa$ V8Bled In the ¢lQ, to be hgld on IIB orWn81 twsls. Thg CIO wae appDlntgd as trU8180 for Ihg ￿r￿8￿nI endowment trusts and glven pow818 of8 tru81 coiporollon forthoso trusts, Govomlng dorum8tit Th¢ ¢h8rftab1e Incorporqled orgon15B1l￿ ICIOI18 eglotrllBhed by a INst d£8d daied 28 F8bru#ry 2010. Ar￿￿&￿ea@ overs lh8 area comprl¥lng the local aulhorlly 8red& Brtdgend, Rhondda Cynon T¥ff. The Vala of Gl#ll￿rgan, Card5ff, Merihyr Tydni. Bl8eneu fjwent. Torf28n. Newport. MonmoUlhshl￿ and Herefoid$hlr8. In Ih18 ar08 IhÈr• are 62 parlshBB, compildng 80 EuBharfsllc Commun1118s, dlylded Into $&v&n dea￿rt￿8. Thwg parlBhes gBogr8phlc8lly lor4ted In th8 Ar¢hdloceEe are owned and op8raled by th8 BenedlGtlne Rallglous thder at Belmont Abbvy ond pre nDI In(4udèd In thes8 ffThBnclal $lat8menl Page 5 Archdiocese of CBrdlff-Menevla- Report of the Tru8tees- For the year ended 31 st March 2025 Ar¢hdloceBe of Cardlff4lengvla Rèport o1th8 Tru8t888 forlhe Year End•d 31 March 2025 Structure and Governan¢• The CIO 16 man8g8d by &n unpald b08rd ol tru8188s. whlch rn88ts ￿gularlY. The m8nag8m8nl ol financlal and 18g81 re8ponslblllty Is ve8t8d In the trustees. Th8y aro advlsed by prof88slonal 51aff, Includlng voluntary prole5s1onals 8nd out81de ¢onsullan18 wh8n requlrod. The appolnlmonl and removal of Trustees re8ts 80181y wllh the Archblshop of C8rdSff-Menevla. The numb8rol Iruslees. no few8r than four, are appolnled for Ihelr prol9881on81 knowlEdga or lor thalr knowledgè and und8r8landlng of tho alm5 oblecllves ol the tru51. New trustees are brlef&d on155ues, procedures and prlorlll88 on Ihelr appolntm8nl and are urged lo fam111ar15e Ihemsofvgs wlth th8 cha￿tY commlsslon'$ gvld8nc8 not8s and upd8185 on the dulles and r85PDnslbllllles ol ch8rlty tru8tee5. Tho tnJs1885 8r8 asslsted In th8 dlscharge ol Ih8lr r85ponslblllltg8 by th8 f￿10￿ng boards and consullallve bodles: Schools Sub-cornmlllee S8fegu8rdlng Sub.Commlliee Cl6rgyWelfar8 808rd Flnance and Prop8rty Commltl98 Inveglment Su￿0MmItte8 Tha wolk ol lh8 Educallon Sub-commlttee and th8 S8f8guardlng Sub.Commltte818 hlghllghted In the r8prKt. Th8S8 groups make r8commendatlons to thè Iruslees on prfor11185 and slrategles and are re8pon51ble for managlng th8 ImplomenlalEon of approved slral8gl85. M8mbgrs 8r8 8 mlxlure ol Archdlo¢8san 8mploy805 and volunteers 8ppolnled by the Archblshop lor Ihelr 8xp8rt1se ol Ihelr $ubl8cl. ThB Educallon Sub-cornmlllee, the Salegu8rdlng Sub-commlttee and th8 Investment Sub-ComrnStteè are ¢halred by Truslg93 of th8 Archdlocese. In 8ddlllon. tha trustees 8nd boards, Ihrough th8 Archblshop, ¢on8uII wk181y wllh th8 Cdleg8 of Con8ullors and Coundl of Prf8sIs whose Tespollslbllllles are defined by Canon Low. The pastoral ovorslght of the charfty 18 condu¢led by th8 Archbl$hop In regular consultallon vAlh the College of Consullors Th18 body ¢onslsllng of 88nlor deryy assb18 theATehblshop In all d&cl8lons alfecllng the DIoce8e. The Coun￿1 of Prlgsts me818 perlodlcally wllh th8 ArGhblshop to dl8CUS5 and glve advl¢e on 8 w4d8 range ol Issues. The Coun¢ll 1$ composed of ¢lerpy r8pre58nllng gach of 58V8n deanerles togeth8r vAlh other 50nlor dloc888n c18rgy and repre88nlalfve6 ollh8 r8llglousorders womng In thp Dloc4se. Al parfsh level, th8 parfsh prfest Ss responsible for all a8P8cls of runnlng hls parf8h. Parfsh prlBsts are not 8mploy888'. In HM R8venu8 and Customs 18rrn8 Ihey are Holder8 01 Rellglous Offlc8 and effec15vely a¢1 as ag8nl8 for th8 Tru516es In all but the purthase 8nd dlsposal of prop8rty and Investment 8558t8. Each parlsh 1$ r8qulr8d to have a Ilnance commlM8e that m081s p8rtodlcally lo support and advls8 th8 parlsh prlest on th8 toplcs of finan¢e and property. A Parfsh AdrnlnlstratEon Manual has been Issued by the Dlocese lo parf8h88 and foms the ba518 ofgood parfsh flnancjal controls. Audltors The audltors. Menzles LLP. wlll b8 proposgd for r8.appolnlment al th8 forthcomlng Annual Ggn8ral M8811ng. Report of the tTusle88, Incoworatlng 8 51rat8glc report. 8pprov8d byorder ol Ihe b08rd of trustees, as Ihe company and slgned on the boards behalf by.. dSr8clors, on ..... Tru8t88- Page fj Archdiocese ol Cardiff-Menevla- Report ol thc Trustces- For tho yccir Qnded 31 st March ?025 Archdlocg$0 of Cordlff-Mon8vla statomgnt of Tru$te88' RespoThblbllltlo8 for tho Y•ar Énded 31 March 2025 Tho Trus1&88 are re8pon61bl8 for pr8parlng th8 Report of thB TnJs18e8 and th8 ￿nancIal $lat8menlB In a¢¢ordanc8 wllh op￿1¢￿bI8 law and Vniled Klngdom Ac¢ount4ng Slandards Iunlled Klngdom GenerdlyAccepl8d A¢counUng Pra￿¢01. Th8 law aP￿ICable to charllles In England and W8188. the cha￿119& Act 2011, Charfty (Accounts 8Th1 Reptsrt81 R8gu1811on8 2008 ond the provlslons ol th8 trust de8d requlres Ihe Iw$le88 to pr8pare finono181 sla16menly for 08d) flnandal yeEr whkh glve 8 twp and falr vlaw of the slate of affalrÈ of tha charlty 8nd Df th8 Incemlng r0BourcÈs and applicallon of r8sourcey, Inrludlng the Incomg and expendllurg, of Iho charfly for ihHt peik)d. In preporlng I￿￿6 fln8tlGI81 slplemenls. Ihe Twstees artt requlred to.. • 88lecl 8ultablo ac¢eunllng polld8& 8nd Ihen app5y Ih8m cons161enly,' obsetve tha molhods ar￿ prlnclp188 In the Ch8r51188 SORP.. mBk0ludgemen15 and gsllmales Ibat are r8880nable and prudent., Prapare the flnandal 8tal8ments on lh8 gdno wnc8m b881s unless It Is In&pproprl8te to pYesion8 that Ihe ch8rlty wlll conunue In buslnes6. The trustee$ are ¥espon8lblo for koeplng prep9r accountlng records whlch d*close ¥￿th roaBon8bl8 acouraty Bt 8ny Ilma th6 financlal poslllon ofihe charliy and lo enablè Ihem to ensufe th81 Ihe fin8ncl81 sl8ltsm&nl8 comply wlh the Chorlll85 Act 2011, thè Charlly IAwounts 8nd Reports) R8gulallon3 2008 and Ihe prov151ons of th& Irusl deed. They are also re6p)nd￿8 for safeguardlng the 8S5els ofthe charlty and h8nca fortakln9 fB8eon8bl8 step¥ for thè praven￿on 8JYJ d8lactlon of fraud and olh&r Irregu￿￿tIo9. Approved by tha Board ofTwBleg$ on...... ..2026 and 81gnad on118 beh￿11 by: Trusleo. Twsle8- P898 7 Archdiooese ol Cardiff-Menevia- Flepoit ol thE Tiiistecs- For the year endod 315t March 2025 Rép(trt of Indgp&ndgntAudltor$ trj tho Tru81gwg of Arehthoco88 ol cerdlf1￿On*V1S Oplnlon We h8V0 wjdtsd Iho fin￿￿81 stalemenls of ArchOIoc888 of Cardlff.MÈn#￿a lihe 'charllaW& eemp8nVI for the yepr endod 31 Mafch 2025 whlch compi180 the Slatofftgnl ol Flnanclal A¢llvlll88. Ihè Slatsmenl Df Aoanclal Position, Ih 81aternenl ol Cash Flows and rnleÈ to Ihe flnan¢lo1 ststemonts, Includlng 8 summary ts181grfncanl accWrt￿n9 polld6S. The fiDancl81 reportlng fr8mework Ihal has applled In Ihalr pi8paraUon Is HppliGable law unl￿ Khgdo counllng 81ondard> Iunlled Klngdom GenèrallyA¢¢¢ptod A¢courÈtkng PrBGUGel. In our oplnlon Ihe finanL4al $tstements'. gtve H tru8 8nd f•lr viaw of th8 $10to of the Ih4rltabl8 companvs #ftslr8 as 8131 Nlarth 2025 and of Its ItKomlng re80ur¢e8 end &ppllc#Uon ol resources, Indudlllu lis Income &nd 2xp&ndllur8. forthg year Ihen ondad., have propel￿ piepared In g¢typidance wlih Unlted Ilnodom Gan8r8lly Acceptqt5Atcounllng P¥actlcg' 8nd have b8en prBpar£d In Bccordas)¢gwlih ihe rewlrem8r¢ls of IhB Cumpanl86 A¢t2006. Ba818 for oplnion W& conducted our audltln accordancewllh Iniernallona1 Standards On Audlllno IUKI IISAS (UK)) and app11cable law. Our r8spon$lbllltlas ￿nder tho88 standards ara fvrlhBr dÉ$cilbed In Ihe Audllus, r88pon61bllllles for the audlt of the IEnanclal 81atamenl8 88cllon ol our Eeport. W8 ars Independent of ihe chartlabla comwdny In aGcordan¢a wllh tho elhlcal requlr8m8Thly that ère relevanl to our audSt of th8 flnanG1al slalem8nts In Ihg UK. indudkng Ihe FRC'S Elxlcal siandard, and wa h&vo fvlflIl￿ our other plhlcal rè$pon8N111188 In 4crorf8nc8 wlth Ih&se raqulr8m8￿S. We bd18V8 Ihal th6 audll èvld6nce we h8v8 obtaSned16 8ufibient end appreprlate ¢0 provhla 8 b8B15 for ouroplnlon. Con¢lu&lon8 r8lBtlnu to uolng con¢ern In aud515ng the flnan¢ld statemènts, we have Ganduded that ihB Iru$tee8' use of the golng conc01n bagls otaccountknu In the prep8r8llon of Iho flnanclal slHt8m8nts13 approprfalo. Bg$ed on IhB I￿rk wo havg p8rforffled. wo hav8 n(* 1dgn15Ned aw ThHIErl81 ￿CErtaInlIg5 rela￿ng lo evenls or ¢ondltlonB Ihal, 5ndl￿d￿allY or colecllvely, may ¢osl stgnif￿ant d¢ubl on th6 chartta)18 company* ablllly to conlinu$ a8 o golng conoorn lor a perknd of 0118881fv￿I￿ months frLYn wh6n the finandal stslemenls are aulhortsedforlssue. Our r68ponsTh￿l1u&¥ w05ptsndbllllb& of the IfU9t¢e$ wllh resp￿ lo golng conc8m 8rg deserlbad In the felavanl 88clloM tslthl8 report. oth8rlnform8tlon The Igusle&E are rè8pon$lbl8 for lh$ oiher Inlormallon. The other InfoTmallon coMprlÉas Ihe Infomiaibn IndLHled Itb IhB llU01 RBPOrt, othèr than ihoflnanolal 8lalomonlB and our Report of Ihe l￿depende1)t Au(Htor5 Ihorèon. OuroplThlon on th& llnenGlo1 $t818ments do8s not covor Ilw olh&r 1nf0rffla￿on Bnd, except to Iha &xt8nl othgrwke axplldly sts18d1n our report, wp do nol express gny form Ofa$sur￿c• ￿nd￿6￿n Ihereon. In conneGllon ￿th our audlt of the flnancl&l 5161gm&nis, our rèBp(rfielblllly Is to read th8 olher Infom*llon and. In dolnu 80 ctsnslder wh01her the othgr InfO￿al￿on 1$ materlally ITwll8181ent the Iln8no181 ststem&nis or our k￿￿edu9 obtain8d In lh8 audlt or olhgtwlse 8ppears to be rnotorl81ty ml8glaled. If we Idenllfy su¢1 Ma￿al In¢on8l&loncl88 or opparent m3lerlal n)Issl&lÈm8Thls, dre T8qulred lo dBlurmlne whelhèr Ihls g5vgs r15è to B m816dal ml$$lgtemenl In Ihe Ilnandal 5ts18men15 IhsmsÈlve5. 11, bA88d on thè work we have p8rform8d, we Concludg Ihal IhBre Is a ma1￿￿1 mbslatemBnl ofihls olherlnformallon. w8 ar8 rèqulr8d io repori Ihalfaci. Wo have nDltilng to repori In Ihls regard. Matters on whl¢h w8 aT• r¢4ulrgd to roport by 8xceptlon Wp have nolhlng to Eeport In respect of Ihe follo￿n￿ mallers wh8re the Chorltl88 IAcwunl$ Report61 RBgulath)n8 200B r8qulre& us te report to you If. in ow¢plnlon: lh8 Infoimatlon yiven In the RBPOrt of the Truste88 b I￿￿$1$tan1 In any m4t8dal respeGt wHh th8 lTrancJ81 81aletnpnls', or the tharllabte company has not k8pladequala accOur￿ng records.. or th& IhanGl81 slat6ments nDI In qgreemeThlwlth Iho 8ccounilng re¢(*d8 8nd r8turn8'. or W6 have not reG81ved d1 tha Informaih)Th and oxphn8ltons we r¢qulrn forouraudll. R8spoMslbllltl&¥ of try8tO88 A8 gxpblned rnore lulSy In Ihg Stalwnent ol Tws1895' Re$ponslblllU65, thB tntsl888 IwhD arè olso the direclors ol fha chor518bl8 eompgny fer the purposes of ¢on)pany Iswl afè r8sponglblo for the prepBratlon OT the Ilnandal 8latam8nls and for belng 6aii$n8d that they g￿& q Iruo ond lalrvww. and forsuch Inl8in81 control gB the Irualees deiemlne18 nece$g&ry to en8blg Ihts pr8P8rallon offlnanolal sta18menls th81 are from matwl81 ￿￿$&1￿18m01bt, ￿tte*her￿19 lo Iraud w Brror. In preparfng the flnandql statèmenls, tho INstegÈ ar8 re8ponBlblg f¢r ass&8glng Ihe ¢harEtsbl8 cornpanvs Bblllty to cofillnua 88 a gdng concem. dlsdoslngi as appll¢able. m8Mers rélated lo golng concgrD and uslng the Golng concem sls of accounllng unleB$ tru5188s ether Irbbnd to Ilquldato Ihe charla1￿8 compony or 10 c8&90 DperAVon8, or h8VO rÈ81IsllcallÈrnaffiv& bulto do 80. P8oa e Archdiocese ol Cardlff-Menovla- Report of the Tiustoos- For the year ended 31 bt Maicli 2025 Reportof the Indopendont Audltors to the Twu8t¢a8 of ArGhdloc88e of cord111￿18￿0v￿ Our roBpon¥lblll¢loB for th& audlt of Iho flnanGlol 8tat8mont8 W8 have been appolnted as 8udltors under S8cilon 144 of ihe Chartlle8 Act 2011 ond report h aC￿rdOn￿ ￿th IhB Ac¢ and relevant regulations mad8 or havlng 8ffectl￿raund8r. I￿r oblect4ve8 ur8 lo oblaln ro88onabl& as8Ui8nce about wh81h6r Ihe finandal 81algmentS 88 a whole are fre8 from mglDrf81 mlsslatgmtrnl. whethgr du8 to fraud or error, and to188U8 8 RepDrt of lh8 IndependgnlAudllors that Indud8s our oplnkn. RBa50nabla assuiwc8 18 8 hEgh level of 888urance bul l& nol 8 gugr8nleg IhBI an audit conducled I accordanro wllh ISAS IUKI wlll 81ways det8Ct a mglerlal mlsyl8tgm&ntwhen 51 exislB. M1881818menls cgn 8rlso from fraud OT error gnd 8r• consldgrad m81erfal Ir. Indlvhlually or In Ihe 8ggragal8. Ih8y could roasonably bÈ &xp8cted lo InfiuBn¢8 Ihe ec¢mmlcdecLglon$ oluser8 taken on the bg$ls of these finBncl818tatomEnt8. The ￿tant to whl¢h our PTocodur$s 8r8 capabl8 of d8lecllng Irr8gularllles. Includlng frgudlg del8ll8d below. Our plannlng procedures I￿￿￿ty Ihe legal and regulaiory frameworks Bppllcable to Ihe Dperallons and financlal 8laternenl$ of the charfty. Th888 are r8vl8w8d Inlamdly YAth the Budltle8m InGludlng r8levanl Indu81ry experlence end 8xpeBtsilon8 Bs well gxlamally wilh Ihe cllenl management. Th8 key laws and regulallon5 we con81dered In Ihl$ ¢ont@xlwer8 the Gharfl1￿ SORP IFRS 1021, Accounllng and Reporiing by Charlll8s.' Slplem8ntef Recomm8nded Pracllc8 8ppllcaNa to ch8rf1i65 préporlng Ihèlr account8 In 8ccordancg lh8 Flnanclal RÈpDrtlng Standard Appllcablè In th8 UK ond Repttbllc of IrglBnd'. UK GAAP find relÈvanl lax leglslBllon. Once Idenllfied. we fjs&8ss the rlEk5 0lmBi8rl&l m185tat8menl$ In rdalbn to Iho law8 and r8gulallons. IrregulHrlUeJ, Indudlnu freud and adlu8lourteBllnu accordlngly. Our audll proc8dure5 Indud&'. DI8￿551nD wllh Yru8le85 and Management whlrh 8rè88 of Ihe busSnes$ Ihey belleve to b8 mor& su$¢Èptlble to fraud. and whelh8r they hAv8any knowladge or suspIc￿n of Iraudulenl 8clSwlley Obtalnlng an undorstandlng of the kay ceniiols pul In placo by (he charltyto addr888 rlsk5 Ident1fl6d, 88S8sslng the effe¢Uv8n885 of thos8 and d15cusslng howth888 are malnlBln8d and monltoffjd Internal As$888lng Ihe risk of managÉrn8ntoverrldo and rovlBw ond lesllng ofiouroal entries madè Into Iho aceounllng syslern DIscuBBlng wllh TrusleÉ$ and ManHg8m8ntlhg18gd and regulatory obl￿a￿on& 01lh8 tr¥J￿￿o6$ and wh8th8r they havo any knowledge orsu8pklon of non-compllanc8 0￿p￿ta lh8 audlt bolng planned ond conducted In 8ccordonca wllh ISAS IUKI Ihere remaln$ an unavofdable 118kthal mHlerfal mls5181em8nls In Ihe finandal slatoments may nolb8 dBtgcted owlng lo Inherent Ilmltallons ollho audS1, and that bylhelrvery fialur8. any such Instances olfr8ud Of Srr8gularllks Ilkely Involv8 colluslon, forgery, InlBntlonal mlsr8pr85entallon. orthe overrlde of lTrtemg1 controls. A fvrther d8scrlptlon ol our resptsnslbllllles lor th8 audll of th8 nnanclal Btstemen18 18 lOC￿led on the Flnon¢lal R8Wtlng CounGI1's w8bslte al WVdW.frooro.uklaudllor3rosponslbilille$. Thls desQrfp￿on YDTMS part of our R8POrt of Iho Independent Audltor8. UB& of our rèport Thls report Is made solely lo Ihe ¢harflable comp8nV5 truste88. BS a body. In 8ccord8nce w]Ih Part 4 of thè Ch8rlll88 IAccounis and RepoTisl Regul3llons 20011. Our audlt work has been undBr18k8n 80 that ￿ mlght glqle to tho charfiable compony's Irusl0&8 Ih05e mBll8rs we are requlred to skt8 lo them an audllor5' report and for nD olh8r purpose. To Ihe rulle8t extenl permltled ty law. w? do nol accepl or 8S8ume responslblllty to anyone olhar than the charflable company and th8 chpr5t8ble company* IfU8teOB 0$ a body. forouraudll work. for Ihl8 report, orlor tho oplnlonsw? have formed. Vlclorla Carter Isgnlor SialutoryAudSlorl Is ellglbl8 to act on audllor In term5 of S8cllon 1212 of Ihe Ccmpanles Act 2006 On behalf of MenzleB LLP, Slglutrjry AudNor8 Hoduè House 114-116 Sl Mary Slretyl C8rdlff CF10 1DY 30th January 2026 Do18'. P898 9 Archdiocese ol Gardill-MenEVld- Rcporl ol the Trustee% - For the year endcd 31 st March 2025 Ar¢hdloc880 of CNrdlff.Mon8v14 statemontof Flnanclal Actlvltl88 Iln¢orporatlng an Incom& and Expendlture A¢count) for th& Year Endod 31 M&roh 2025 2025 Total fund8 2024 Total fuThd8 R￿¢rIcted fLtnd8 Curlal Parochlil Not•B Incomo and BndowmeThts from Donallons &nd18gacl88 70A38 2,914.734 923.411 3,6¥)8.681 3,683.799 Charltablo a¢tlvltl88 CharSt8N8 Acllvltl85 147,563 972,857 42.605 1,163,02S 841,235 Olh8r Iradlng aGtiv11188 Inveylmenl InGome Olhw ￿n￿m& 140,342 252.741 498,216 4,022 638.558 266,763 570,9e7 242,303 Totol 438982 966 018 Expandlturo on Ralskngfunds 1.845 27.949 1,521 31,315 34.463 ChaTltalJlg 8ctlyltlo8 Charflabl8 ACt￿LI1e9 2197683 3 378 931 6 054 576 6 290 055 Tol&l 2 199 508 3 404 880 fj 085 891 6 326 408 Nel 9glnsl{1088861 on Inveslm8nts 2110061 NET INCOMEIIEXPEk4DITUREI 11,616.4341 1697123 984,949 1697 1231 404,513 1146,9721 72.806 Tr&n8f8rB betwoen fund8 16 Not movemont In funds 80,689 1712.1741 454,513 1146,972 72,808 Re¢onclll8tlon offund8 Tolal lund8 broughtfoM8rd 12,061.394 7,612,716 3.431,904 23.108,014 23.033.208 Total fund8 carrled forward 12.142 083 8.900.542 3.916.417 22 959.042 23 108 014 Th8 nol95 fom pBrtoflhese In8ndal stalem8nts P8g8 10 ArchdloeesÈ ol Carclill-Meiievia- Reporl ol thp Tiu8tees- For the year endcd 31 st March 2025 Archdl•¢080 oICardlff.M0nevi Comparatlvts St8tam8nt of FlnanGlal Aetlvlll88 Ilncorporatlng an InGomo and EKPBndltura Accounti for the Y•Ar Endid 31 March 2024 2024 Total fund8 2023 Total fund8 Re8trlGtsd fundB Curlal Parochlal Income and ondowmgntB from Donallon8 and legocles 53,385 3.093 J18 537,09e 3.683.799 3,419.391 Charltabl8 aGtlvltlos Charflablg Act￿1￿8¥ 132.611 720,409 8.315 941,235 633,369 Olhèr Iradlng 8clI￿lI¢S Inv8slm8nt Income Olher IrKorne 4.770 237,086 488.197 5,237 570,967 242,303 28,000 555,567 249,622 Total 4333161 625411 4 857 863 Fxpondlturo on Rol$lng funds 5,647 28.806 34,453 34.301 Charltablo gcllvltleB Char118ble Acllvllle8 1979115 3 646444 666 398 6 290 956 6 702 933 Total 1.984 762 3 674 250 fj 326 41J8 6 737 234 N?IgalnEII10&5881 on Inveslfflenls G￿1￿￿1(￿&808 on revglugikjn of 607.601 324.409 e07.SOI 324.409 1521,4961 NET INCOMEIIEXPENDITUREI 1645.1201 658,811 140.9861 72,806 11AOO.8871 ReGon¢lllatlon of funds Tolal funds breuuhtfoNard 12,e05,515 6.953.806 3,472,887 23.033,208 24,434.076 Total lund6 corrl8d tO￿ald 12 061395 7812717 3 431 g02 23 106 014 23 033 208 Tho not88 fom portoflhese fin8nclal statements Pag811 Archdiocese ol Cardltt-Menevl8-Report DltheTru8tees- For the year cllded 31st March 2025 Arohdloco58 ofCHrdllf.MenevlalRoulotgrod 1177272) 8tatem•nt ol FlnAnolal Potyltlon JI MBioh 202B Totbl fundB Tot#1 lun Paroohlal Flxod Tanglble 09soi8 INv48tmont8 Invexlments Invostrnenlprop 11.OJ4,436 11,034,436 10,¢X)4A4 10 8,227.371 2,095,016 8,227.371 2,095.015 0,287.e89 2,050,000 21,366,B22 21,366,822 20J42.185 Currnnt a85010 Debioij Ca8h elb4th 8nd In hpnd 12 991,306 057 DD 808 e65 991.806 1966 OB5 691,e44 2 ge2 194 1,548,70 808,665 2,857,371 2.953,838 Credlloi knounlB lollng ￿lIhI￿ year 13 1766,1511 1766,1611 1190,ODDI Net ouyrent ap8è18 793 655 1602 220 TotHI PBoola 1899 ¢urnnt 22,150,377 1101605 22,959.042 28,1￿,a14 CYodltor8 In￿1 Fynd BBLenGBB 16 le.353￿61) 8,353.851 NET A88Ef8 15,Yg6.726 7,16131S 22.969.042 23,106,Q14 Fwnrt& UnrestFlcled Ju￿8 ReBlrloled fullds le 12,142.083 8,e54,043 6,9(X),542 281.774 10,042.026 8,918,417 19,6Y4.112 3,481,902 Total lund 16,796.726 7.IfjZ,315 22.959.042 23,101014 ThefinBncF818taiembnls were SPFWV8d by lh6 BoardofTw818esond aulhoilged forlssu# on . and w8r0•￿dnèd on IIN b8hdfby'. Arrhki8tbop-Most R8v, I4arl¢ O'TooL9 TN8188-CanoD BrfanGray 7he noie$ lom pBrlof Ihos¥ nnanolol ltaltymenl F2gJ 12 Archdiocese ol Cardiff-Menevia- Report ol the Trustees- lorthe year ended 81bt March 2025 Archdlo¢oKe of CaTdlff.Menovla 8tst8m8ntof C68h Flow8 for tho YO￿ Endod 31 Morch 2025 2025 2024 Nots8 Ca811 flows from operatlng actlvltb8 Cash ge￿rated from opèmllons N6t¢a6h pthdedbyllu80d Inl operallw arlSvlll85 413 080 597 413,458 C#8h flows fr(Jm Inv88tlno a¢tlvlll05 Purchase of Idnglble fixed asse18 Purthas60f In¥e8lment property Sale oftanglbl3 fixod as80ts Divldend$. Inleresl and rents knv8slfflBnts 11,3e4,5721 145,01S 1491.9841 1385,6901 28,000 231349 NetC88h used In Inves￿￿￿ adi¥11588 1409 5871 618 2251 ChaTrgg In ¢88h and Ga$h aqulvalènts In tho TepDrtlny P8Tlod Cash Cash gqulvalènt8 at lh8 bèglnnlng of th# reportlng perlod ¢o&h and cN$h équlvalents at tho ond of thè I￿OrtIng parlod 1998.1291 11.298.822) 3 661018 1386.oe5 2.302.194 The not06 lorm p8r10f1￿88 flnan¢lo1 $laiemenlB Page 13 Arohdlocese ol Cardlff-Meiiovia- Report ol the Trusteg.s For the year ondcd 31 st March 2025 Archdloco88 of Cardlff.Mon&vla Noto8 to tho Statemont tsf CaBh Flows forth& Yoay End•d 31 March 2025 Rqcon¢1118tlon of not lèxpendlturèwlncomo th noteaeh Ilowfrom operallng a¢llvltla8 2025 2024 Net18xpgndltur•lllncomè for th8 rgportlng p•rlod las perthe statemontof Flnanclal Actlvltl891 Adlu$tm6nts for- Dppredallon chargB8 Los&8sl194lnl an Inv88tmen15 Profiton dlsposal ofnxed 85$9ts Dlvld8nd5 & Int8r88tfrom Inv88lments Ilncreaseydecrease In debiors IncreaFo In cr8dltor6 1146,9721 72,806 334,482 60,468 292,578 1931,9101 (28,0001 1231.3491 73,414 1399,6621 585 142 N•t CaBh provldod bylluswl Inl operptlonB 413 Analy819 of changoB In nèt fund8 At 1.4.24 Co$h flow At 31.3.25 Net ¢a8h Cash at bank8nd In harKI 2 362 194 1366 065 2362194 996 1291 1368 OBS YotBI 2 362 194 998 129 1386 066 The notss fomi part ofihe69 ￿nancI81 8lalernenls Pag8 14 Archdlocese ol Cardlff-Menevig- Rcpoit ol the Trustees- For the year ended 31 st March 2025 Arehdlocoue of C8rdlff.Monevi8 Not08 to th8 FlnanrlHI St8tern8nt¥ foTtho Year Endod 31 March 2025 Accountlng pollt1è8 Basls ot pr•parlng th8 flnanolal 5t#tbm8nt Tho financial slal8rnenl$ of the chttrllab￿ tomp8ny, whlGh 18 a Publ￿ ben8fi16nllty under FRS 102, have beBn prep8red In 2ccerdancè wllh Ihg Ch8rllles SORP IFRS 1021 'A¢counllng and Reportlng by Chadl88.' Sialem8nt of Recommonded PrBcllca oppllcable to charf118s prÉparlng Ihelr Èceount8 ill 8CCOTd8nce ￿th th8 Flnan¢l Reporiing Standard &ppllcaU0 In the UK ond Republlc of Ireland IFRS 1o211offecl￿8 1 Janvory 20191,, Flnandal Reportlno Standard 102'Th& Flnanclal Reportlnu Sland8rd applle8ble In Iho UK and Retxjbllc of Ireland 8nd Ihe Comp8nle8 Acl 2006. The finandal slÉlemonl3 have been prÈp8r8d underth8 hl8loricHI c08t convonlion, wllh Ihe excgpllon of Invè81menlBwhlch are Included 81 m8rk8tvplue, 88 modbfied byth8 revoluèllon olcertoln BSS8ts. Intomo and expen￿ltUre Incomlng r880urcps Éra Indud8d In the Slalemenl ol FlTr8ndal Acllvlll88 OTh the b8818 of Iho emounts rg0Sv8b18 for the year and rèsource5 OXP8ThJed ar8 IncSudBd on IhB ba818 of Ihe amount8 pByHbl& for work done and 88rvlc8s provld8d In th&year. Ch8rltgblè expendllure conslsts of 8Jl gxpendltui& dlr8Ctty relqllng lo the of the Chartly. Cgrtaln central ¢Q818, whtch cannot bo dlreGlly allocated, ar8 8FPOrtIDn8d on Iht ba8h of the TN$t88'8 88llmal8 of Ihg ￿me sp8nl on the mlbv8ntfunBlltrn8. Ralslng Fund$ con8181s of 8XPBndllur8 Inwrr8d by the Archd(vcese trj ra1se funds lor Its charftable purpo$88. Certaln cenlrnl costs. whlch cannol be dlre¢lty 811ocalad, ar8 apportloned between dlTect charilob18 expBnd51urg and govemÈnc8 coyls on th8 basls of the Tn￿tee￿. e511m8t6 of the Ilm8 BP6nl on lh8 relevantfundons. Support costs InGlud8 GovornBnce tx)818 whl¢h Compr￿ lh8 costs of wnnlng the Charlty. Indudlng 8lr8legl¢ p1annlng lor Its lulure dev01opm8nt, a180 exioinal audll, gny legal adYl¢e, 8nd all the costs of COMp￿ng wllh conslllulbnal Bnd stotulory requlrem8nts, such 88 the cost8 of Tiusl88s' meBllng$ and of ptepailng slatulory 8ccounls and sal18r￿n￿ publlc•¢countaNIIty. al Louacl88, Donatlons and Grants Legacl8s and dDn81Ions ara r8cognlsed when ¢ec8lvable ¢Jr %th8n Ihg D￿¢889 becomes legally gnllll8d lo thBm and ih8y can rea80nably b8 meHsur8d flnanclal termÈ. Recelpts of PFeP8rty, Inv8slmanls or ether glfts In klnd ore lncludgd al market value. Gr8nls 8re rècognlsed when r8celv8bl8.m8 will b0 r￿1ved and th8 8mount can be m8asurèd r8Mably. bl Inve$lm8nts and Invostm8nt In¢om8 Quoled InveslTnpni8 are vÈlu8d al Ih8lr mldd18 prlce on lh8 bal8nBe $h&8l dale. Inve8lm8nl prop8rt16s are slatsd at g Trustees, v8luallon, 88 advlsed by a qu811fl8d Chart8r8d SuNeyor. InveBlmonl Income Is accounted for 88 11 ao¢w88. ol Gov8rnment grant8 Governmenl grant r8pro68nts In¢om8 recolvabl8 In relouon lo th& UK governm&nt COVID-19 ￿b retenloTh 8cham8. TByatlo As a rsglsl8r6d charfly. the Archdlo¢es815 Oxempt from lax, COTporallon t8X and capltal g81ns Igx d8rlv8d from Il& ¢harllab10 acllvlllgs. Recovgryof tax dBducted at 80urc8 Is Gfèdlted lothts category of Incom8 to whl¢h It r818185. Tanolble flxod a888ts Prlor to 6 Apru 1996 Ihe co81 of flxed as$els was wrliten off In lh8 year of g¢qul8lllon and no comprehon8lva cost rècords wtrre malntgln8d. In order kn 2irfve al a rea80nable valuallon of pBrl&h property, laklng Inlo artount age, type, condlilon gnd Ilfe expeclanoy, the TwÈts88 consldÈrèd thpl Ihe Ih8n Insured values Bhould b8 dlscounled and In 8ubsequ8ntyo8is b8 deprac181ed at 2% per annum. on tha bulldlng vgluo onw. Propoth8s acqulred oft8r 6 Aprll 1996 are caplta1188d al lh8 cost of acqulslilon. Tho DIwtrs8 owns 8 numbBr of ptOP8rtles thBI are 0Ecu￿8d 8nd wn by IndepBndonl charflle$ In Ihe forffl or Volun19ry Akled Schools. ThuB these propertles havo t)ol be8n caplla11sed. Th8ro Is 8 polenllal valuè. OT onllngenl 8sso1, In the event of o dosure ol a School leilher connectEd to 8 ro-organlsallon or ntstl. Such an $$81 18 récogfil%d only upon Ihe occurrenco 01 a c105tswlre-organ153llon and Ihè slle'8 developmant valuo b8comlng certaln, such #& upon Ihe granllng ol plonnlng p8rmlsslon. The recognlllDn of th15 value 18 accounted roTgS an Incomlna r8sourc8 In thè year In whlch Ihlg volue b8comg9 m888urablg and certaln. Dew8datlon Is calcul818d by th8 81r8lghl Ilne melh(xl lo wrlts off the coslfvalu? teB$ anvclpaled reslthJ81 value, ovorlhe expected uselul Ilveg of as591& a5 Idlow8.'- Freehold prop&ty18x(4udlng landl SO yeHr# Peu8 15 conUnu8d.. Archdlocese of Cardill-Menevia- Report olthe Trustees For thp year ended 31 si March 2025 Archdloce88 of Cardlff.Mon8vl Not•$ to tho FlnHnclal St4tom8nts-¢ontlnued lorthe Yoar Endod 31 Mareh 2026 Accountlng pollclo8. Contlnued Tanglblo IIx8d HsBat8 Fvmllure and equlpment Th8 charfVÈ pdlcy regardSng capllollballon of assBIB 1$ 8$ follows. Expendllurè In r818llon to Ir8ehDld land and bulldlnoÈ Is c8pltallsed al cost. gxpendkure In relallon lo IxlureB and Ilttlngs 15 eJpen50d lo lh8 Slatemenl of n&nrlal a¢ilvlllay. 4 10 10 yoars Investmant properly Invèslmenl properly Is shown 81 m081 recÈnt valuallon. augr8gat8 sttipius or d8fidt from (*ang85 In fdrvalue1s wcogn18ed In the Slalemenl of Fln8rKlal Aclmlles. Fund aGcountlng unre51￿Clad lundy Gcmprf8e accumulaled surplu888 ar￿ deficlt5 un gener81 funds. They 8re Bvsllable for u&a 81 the dlscretlon of thè Tru81885 In furih8ranc8 ofih8 generql chorllBb18 obleclhg$. D8slgnaledthnd8 are funth 5818slde by th8 Tru8teos lor4peclllc purpoyeB Is8& not8 161. Re51rfcl8d fund5 gre used for purp050$ gs 8t8t8d by Ihg uronlor. Expendllurg vthlch rn89ts Ihose Crttsrfa Is (*arg8d to thBfvnd1888 note 161. Pon8lons l ellalblè 8t8ff may loln Iha DIoc9¥￿n pen￿0￿ plan to whlch Ihe Archdloc8&8 mak9$ a conlrlbullon. No Ilablllty f8118 upon th8 Archdlo¢g88, 88 8mploy8r. to mako good a 8hortfo11 offvndlng other than wnldbuilons due. DBbtorB DebloT8 arg slÈt8d 81 thelrlran88don prka L888 any prwÈlon for non-recoverable 8mounl6. Cash Cash b81ances arg 8181ed at IhBlr year-end reconcl8d arnourts whkh tsk8 acixjvnl of year ond tron8￿10n& thai wlll d8arthe b8nk postyearend. Cr8dltor6 Credllix8 are Bialed at Ih8lr Iran8acllon prk8. Don8tlon8 and1ouacl88 2026 2024 Donatlons Glft ald r8cafv8ble Legs￿9& 3.441.623 327,549 139 2,910,748 364.194 388,857 3 906 580 3 883.799 Income from chArttab18 actlvltE88 2025 2024 Actlvlty Chaillabltr Acllvlll88 Chgrltabl8 Act1￿1￿￿& h8rlt8ble AclMIIos char51a￿e Actlvltle& Grdnl recobved Commlsslon Sundry In¢orne Cour￿5 and counselllng 1.015.462 25,70B 91,955 808,724 24,320 69.483 1163 025 941236 Pago 16 conlnu8d... Archdloco8e of Caiditf-Menevia- Report ol thc Trustees- For thc year ended J1 st Mdlth 2025 ArchdloGV60 of Cardlff.MBnovla Not88to tho Flthanclal Statements. conflnued for the Yoar Ended 31 March 2025 Expondlturè In¢*ts 51 Allocated Support Dlrect P8r80nng1 Dlrect PremlBos Dlrect Other Tothl 202L4 Totol 2024 Charltabl8 AGtlvlUè8 PrOv￿10n forWor¥hlp Mlnlslry SuppDrt Pastor81 & Communlty Educallon RaSslng Fund8 1,154,488 00,111 2.580,661 176.014 147,788 676,183 442,0ts9 198,120 47.862 467,548 58.051 28,769 3,979 2,925 4.868,878 736,265 374.667 51.041 2,926 5.061.681 850,670 312,139 63,266 3.010 1.234.599 2,904A63 1,364,254 551,260 6,054,576 6,290.958 Ra151ny Fund8 AppeHI Cesls 31.316 31.315 34.463 31.316 34.453 1.234 599 2 904 483 1364 254 582 $75 6 085 891 6 325 400 Allocated 8UPPOrt co6t8 Provl810 Mlnl81ry Pa8lorol & lorworfjhlp Support Communlty Ral8lnu Funds Educatlo Total 2D20 Total 2024 GtsvÈinanc8 75,313 Fln8nce 42.603 Informallon Technology 61,416 PrÈm1888 Costs 73,000 Human Resou￿0￿ 206 214 9,555 5,405 4.734 2.6711 655 371 429 242 90,6B6 51.2g9 45,950 51,32B 7,792 3,860 534 349 73,951 62,413 9.262 4.6B8 836 416 67,900 75,98B 457 546 Inve$tm&nt InGomtr 202S 2024 Ar1￿M￿ on quoted Inve8lment8 262.741 242,303 Pa08 17 nunued... ArchdiDceso ol Cardiff-Menevia- Report olthe Trustoos for thc yeai endod 31 st March 2025 ArOhdlo¢￿e of Cardi1r￿9￿e¥ka Nota8 to thg FlTr8n¢lal Stat8m8nts. ¢onllnued lorthe Year Endod 31 Mornh 2025 st&ff costs Th& •vorogo numbe¥ oftotal employeB$ (not Iv11 Ilm0 fjqulva￿nts? of lh8 ArGIvjlo¢8￿ duTlng th8 parfr¥J axd th* Bggregole omoiLMnÈnis w8 sho%vn below. 2026 2024 81off Co8tS Cuiia Partshes Ilnc. Clergy NJh)WBnwsl 1,234,627 573 201 I,D74.968 523 960 1607 828 159B 933 Ailocatgd HR support8tNff costs InGludlng In abov•.. Wayas and salar188 Ernploy8r8' Nl 236,895 241.988 Th@ avèr4ga monllty numb8rolèmp￿es durfng thBye8rwa8 as Idlows.. Departmenis Parl6h 2028 21 17 2024 23 15 38 38 In aggrepato. 6 key m￿agem$￿t pei8Dnnel (2024.. 61 recBlvgd r8mungfallon to18111ng £360,918 12024: È396.0441. The numberof £mploy8os whose ¢M￿0Ye￿ bangfi18 {exC￿￿1r￿J 9D¥)k>ygr costs) exceeded £60.OOD 2025 2024 £60.001- £70,000 £70,001-£80,000 £80,IK)1- £90,000 Trust80s' r4MunBra1￿n ahd benoflts Thgro were no trus1è08' rgmunerali)n or 0th0r boMfiI8 for Ihg year ended 31 March 2025 rK)rfr)rthe yeorended 31 MBrch 2024. Tru8teeJ' ÈKpBns•s Tharg w8r8 no InJ81806' gxpenses pa￿ forlhg y881 grKIBd 31 thI8rth 2025 norforlhpyear ended 31 March2024. Page 18 cOn￿￿u￿d... Archdlooe8e ol Cardill.MBnevia- Repgri ol thc Trustees- Forthe year ended 31 st Marcli 2025 Archd10￿50 of CBrdlff.Mongvla Not¢6 to th& Flnun¢lal Stalemont$-contlnu8d forlh8Y&ar Endod 31 March 2025 ranglblo 1Sx8d a•88t Fr¢•hold Land & Bullthng9 FurnI￿r0 & Equlpm8nt Tota18 C08t Al 1 Aprl 2024 Addllbna 16,902,504 1357 935 11e,041 17.108,626 1364 572 A131 Mwob 2025 18350619 18 OepT8cIAtIo Ai 1 Aprll 2024 Chargo foryeor 7,022,284 81.995 7,104,279 At 31 March 2025 7 355 539 7 430 761 Nèt bookvAIuo Al 31 March 2025 10.994 980 11034436 At31 thAawth 2024 9 970 800 34.046 10 004 346 Tha A￿hdI0¢88• alsti rnvns a number of propertleB, whlch ar8 ocCup￿d and lun by Independer¢t ¢hgrfles In Iho form ofVDlunlaryNdad SohoDI8. Th8Trusie8s conslderlhalthes& wop8rtlB5 hav8 TKI capllal valug lo Ihe ¢harfty, $88 lh£ accouniing pollcy for Tanglble FIKed A8SgIB. A IlsE of Ihe 8choo15 kn the ArthdloceBO 18 88t oul on the Dlotes￿ websll8. All flxed aÈ88t8 ar0 used In dlr8ctfurih8Thn¢a olthe Qharlll& objects, 10. Flxod a86gtlweslrnonl$ Quoted Unllsttrd Inv8siment6 Invo$tments Tottylts M&Tk&tvaluo At l Aprll 2024 Revaluatlon6 8,283.839 4,flJO 82&7,839 At 31 2025 B 223 371 8 227 371 Nèt book valuo At 31 March 2025 223 371 Al 31 Mgrth 2024 8 287 839 All quol8d InvBsIMents lolher than ¢aÉhl are outsled on 8 reco9nl8bd UK 81o¢k Exchang8 or ora valu8d by referonce i

ns- forth8 8UPPOrt Of￿8810¥)$ In Afrlca and S.America ck and rellr8d cler9y. to support prfe8ts In r8Uf8mont Bnd kn111 heallh Archblshop Murphy- fortho Iralnlng ofprlg$is ond1o1ty Mens81-for th? sUPPOrtofihe Archblshop r Lady ofvoBalbns- forlhe promollon of vocollons io Ihe prfeslhorKI Cathedral re51orallon- donallon8 for the propoyed restorallon Pgslora1 slralegy- io SUPPDri the p￿S￿ra1 Irolnlng of cleryy Bnd IBIIY Cglhollc Care of the Depl- lo promots Ihe educauon. welfare Ènd splrllual weifoelng ofih8 deafwllhln Wde8 Nallonal Lottery HLF Granl-for lh8 reslorquon ofihe Corn8rstone Ch8p81 Sensory G8rd8n- tlonallons to p￿￿￿8 B Sensory Qarden al Corn9rstone World Youth Day- donallons forthe DloceBan group to vlsll KrgkowforWtsNd Youlh Day Syrlan Refugeo FBmlly Support- to BUPPOrt a Syrfan RefugeÈ famlly lI￿r¥d In the Parf6h ol Our Lady Stor of the Se# Porthcawl WCVA Cullur81 recovery g￿nt - O PO81 Covld grant to 88s191 I￿1h dldta115allon ond knprovemènls to IT Communl¢glbn5' PAROCHIAL Spedal Collec1kn8- collectlon8 taken In per￿￿¢$ for speGIflc app8aiB DESIGNATED FUND8 Hou8okèep8rs pBnslon. forlho penslons of r8llred parfsh housekeep6r8 Sea Mlsslon- forlh8 SUPPOrt of the Aposlleshlp of th8 Sea Clargyw8lfare. funds alloealed to support rellrod ond Infirm clergy 8choo15 dgv6lopmgnt- towards Ihè future dwelopmenl of dlocasan Échoo18 Camp4lgn fiJnd- unreslrlcied donallons for cl8rgywellare. c8lhedral ￿&tOr8110n Hnd pastoral slral09y Property fund- grants to be omortlsed overth8111g of lh8 bulldlngs Insurance r68eTve fund- Io èquallse promlums and lund p811sh rlsk managem8nl Calh8dr81 d8vglopm8ntfund.forlh& r8palr r8furbishTnenl of Cardlm m8liopolllon Cathedral FUNDS OVERDRAWN The charity h8d overdi8wn re51rLcied fund8 as at 31 March 2025. Post year end th8 charfly h88 re-dlBtrltxJt8d Incomo In r8lallon to th888 funds. 17. Tran60¢11on8 wlth tru5te06 Certaln or thè Trustee5 are also wK88ts wllhln the Dloceso. As prl8sts Ihey McÈlvo Incomo Irom Ihelr log8lher wllh Ilvlng gccommodollon. Ilvlng oxpens95 and relmburÉ8menl of cotsls Incurfod iy) behalf of Ihalr parlsh on Ihe 88Tne b88ls as olh8r prlestÈ wllhln the DIoc85e. No Tru51e85 rtscelv8 any remunarallon or beneflls from Ih$lrtrus100ghlp3. No trusl8es wor8 P8kl for provldlng prof8sBlonal $eNk88 to IhB fioc888. q8. CoMor8tone IBAS Th8 reslqurant and rat8 faclllllès 8t CorD8rslone Hrtr18ased lo a thlrd party. Th8 leB59 hH$ been granted lor perlod of2S years wlth a rev1￿ to bo und8rtqkgn 8v8ry 5 years. E¥8nt8 after tho roportlng perlod: M8Tgorof Archdlo¢g$8 ol Cardlff wlth the Dlooo88 of Mgnovla Subsequontto thè reportlng p8rfod end of314iMarch 2025, on the 1*1 Aprfl 2025, theTruslg88 ofthe Archdloc888 ol Cordllf mado a decIs￿￿ to m8rg&wlih th8 Dk)c888 ol men￿8. Tho nature ol thls Bvènl Is a buslne98 comblnallon through ts Iransfw of all ES￿1¥ gnd Ilabllll￿5 ¢0 Ih8 Archdlotte88 of CÈrdlff-Menevl8. Thls Is con81dored a [￿￿-adJUstIng w81-bHlan¢8 sheet event. 85 the condlllons IBadlng lo th8 moroer aroBe after th8 raportlng dat8. Thg flnBndal st&temBntfj h8V8 beBn prèpared on a golw conogm ba818. 19. Page 25