2023-12-31-accounts

11;F4r,,i )1 IIII&A•allP" Ii-ryP•I • rchdiocese of Liverpool Annual Report 31 December 2023 Charitable incorporated organisation Registered charity number.. 1199714 Ai'chdiocese of I". ' Liverpool

Archdiocese of Liverpool Annual Report and accounts for the year ended 31 December 2023 Contents About Lhe Archdiocese Report of Ihe Trusiees 5-30 siatement of Trustees, Respon5ibililies 31 Independeni Audiior's ReporL 10 (he Trustees 32-36 Consolidaied Statement of Financial Activities 37 Charity Siatement of Financial Activities 39 Consolidaied Balance Sheei 41 Charity Balance Sheet 42 Consolidaied Cash Flow Statement 43 Notes and Accounting Policies 44-85

Archdiocese of Liverpool Abolit the Archdiocese About the Archdiocese of Liverpool The Archdiocese of Liverpool is the Me(ropolitan See for the Roman Caiholic Church in the Norih of England, providing pastoral care for the Roman Catholic cofflmunity in an area which includes Merseyside, parts of Lancashire, Cheshire, Greater Manchester, and Ihe Isle of Man. The Diocese of Liverpool was esiablished in 1850 stretching north to Lancascer and Ihe Lake Disirici, souih lo Widnes and WarrinLFton, 3nd including Ihe Isle of Man. In 1911, Liverpool w3s esiablished as a Metropolit3n See and became an archdiocese. In 1924 Ihe Diocese of Lancaster w6s established taking terriiory from the north of Ihe archdiocese with the River Ribble becominu the border beiween the Iwo. In the early years of Ihe diocese and archdiocese, there was an emphasis on building up Ihe expanding Caiholic community wilh 6 programme of school and church build ing. The seminary ac St Joseph's College was founded by Bishop O'Reilly 10 train Students to Ihe priesthood. Followi ng the famine of1847, the Catholic population of Liverpool grew substantially due to mass Irish immigration. Schools and churches were built for the new arrivals, and manii organised charitable efforts were put in place. Monsignor James Nugeni worked Cirelessly to provide for Ihe needs of the poor, building schools and orphanages for those in poveriy. How work is continued roday by the Society which bears his name - Nugent. The early Iwentieih century Was also a period of consolidation, developing and educating people in the Caiholic faith. This was during Ihe lime of Liverpool's longest serving Archbishop, Richard Downey, who had previously been a Inember of the Catholic Missionary Society. There was 3 long road 10 Liverpool's Caiholic Cathedral. The firsi design was by Edward Welby Pugin in 1883, but only Ihe L3dy Chapel was buili in Everion. In 1930, Archbishop Downey commissioned 3rchitect Sir Edwin Lutyens to build a new cathedral, and the foundation stone was laid on Sjune 1933. The design was colossal, but only Ihe crypi was built, completed after the Second World War. by which time Ihe cost of the caihedral had risen 10 an impossible £27 million. Adrian Gilbert Cott Was commissioned 10 produce a scaled-down version of the Lurgens desigii, bui Ihe projeci was ultimate5y abandoned.

A i-chclioci)se ot Livei'pL)oI AboLiI' thi ALchLIiocL.%e n 1960, Archbisiiop Heenan launihed a competiiion to design 3 131hed(al, which IAias iAon by iir Frederic1< Gibberd. Building began In Ociol)er 1962 and Ihe Meii-opoliia n Caipiedral of Chrisi the l<in(5 was openecl in Ma]% .1967. In 2023, Pope Francis granled cathecl ral sta(us 10 the Church of Sai ni Mary of Ihi- Irlg baspd in Oouglas in Ihe Isle of Man The_ 3nnouncemenL came following Douglas beina aihiarcled cil] SlrJllJS 85 pari of Ihe late Queen Elizabetli's Plaiinijm JiJbilpe celebrALions in June 2022. Thp Church is a co-caiheclral for the ,Irckidiocese of Livei-pool. The 1960J 3ncl 780s iiJp.re a time of Iransiiiori for Ihe ChiJrch following Ihe Sèrond VatlC3n CoJi ricil Afier ￿)1$ arrival in Liijerpool Archbishop Derek Wjarlork sei 3boui implemenr.jilfj Ikie dei-i-ees of trip council. Ecunienical i-elaiioiis v.Jere high on the acrenda 2£ Livgrpool had a history of seciarian division. NAany bishops and archbishops from boiki ilie C3tholic 3nd Anglican ciiurches liad niaintained boil) public and oriiiate I i-iendsliips, includi ng Arclibishop George Beck, Bishop SiiJ3rt Blanch, ,4rclibiJriop Worlock arid Biiliop David Sheppa rd, rulmindling in the Jigning of a Coveoaril of UriiEy in M3y1985 The Ilaiional Pasioral Congress w35 helcl in 1980, and Popelolin PaiJl11 visiied Ihe ciiy's Iwo cailieclrals iri 1982. In '[ 996, P31.'Ick K-Ili] beiame Archbishop Oi Liverpool and hii minisin] amon.g Ihe people of ifie urci'iriiocese livas iireless. As Ihe new millennium dav,Ined, diificult decisions hod to be made, Ihe Caiholic population had declined and an e/,odu5 from Ihe ciiy to Ihe nevi tOlA'FiS led lo chui-ch cloSLires and amalg3m#iions. Archbishop Kelly also eriCOUi dged the C31holic populatior) to look l)pyond tk-ie noiih- west of England. Projer.i £ were initiated wirh Ihe 14oly Land, an(] iii 2008 a major confer-ence of P,fricaii and Eui-opean bisliops wias held 10 heal the iwounds or Liiiei-pool's Iiision] 35 pai-l of Ihe .lave trade. In 20.1 A folloviing Archbishop Kelly's i etiremeiii, Archbishop Wlalroliii Iv1cVI ahon came 10 Lii/eri)uoI. He cAllpcl 311 Archdiocese Synod to be h#lcl in 2020 i*Jlich, dije 10 Ilie GO'JIO- I O lianrlei-nir, mpi afier four yedl-s of prayer and pi-eparaiion in 2021 The I;-UIQS i)f i•e S]iiod ￿[0 p. Posioral plan ior life and bvorshio in the 3rrlioJioce£e which i< ,'iovJ ijeinF IiTiJlgineiiierJ iJviih Ihe aim ol'Becoining the Cnijrcli '.Jkil-iich we Bre called 10 i)e'. On Ehe 5 Ai)1-'1202b, Bisliop John Slieriincyion vias api)o';nled 35 Archbi>flOP of Liverpool arid Iiis il Isr811-tior, Ine teiiili ai-clibishijp ii,iill ia,<e place ip. The Ideil"opolii31-, CGtliéa r3101 Qhi-isi tlie Kiniy 011 27 Viaij 20?5.

Archdiocese of Liverpool Repjoi't of the Trusttts For the year enLled 31 Decembei 2023 REPORT OF THE TRUSTEES MISSION STATEMENT Tal(ing to heari Ihe last words of the Lord Jesus, we will go into Ihe world to proclaim Ihe Good News LO the whole ofcreation. REFERENCE AND ADMINISTRATIVE DETAILS Constitution The Archdiocese of Liverpool is a Chari13ble Incorporated Organisalion {ClOI regisiered wilh Ihe Chariiy Commission on 20 July 2022, chariiy number 1199714. Trustees of the Charitable incorporated organisation Mosi Rev M P Mcmahon OP {Ch3irmanl Rev Mgrj Devine 08E (resigned 17 June 20241 Rev G Easton Rev Canon M Ficzsimons Mr l Hollows Rev P Inch Mr S Keyes Mrs C Lawrence Rt Rev T Neylon Rev M Nunes Rev Mgi- Pi-ovost A O'Brien Mrs C O'Brien Rev Canon A Prescoti Rt Rev T Williams (Resigned 25 March 20231 Rev G J Callacher (Appoinied 19 December 20231 Rev G Dunne (Appointed 17June 2024) Episcopal Vicar for Finance Rev Mgr John Devine 08E luniil 17 June 20241 Rev Graeme Dunne Ifrom 18June 20241 Chief Operating Officer Marlin Miller Principal Address si Margarei Cliiherow Cenire Ci-oxieih Drive Liverpool L171AA Registered Charity Number: 1199714

Archdiocese of Liverpool Ri¥bioit of the TrLlStees For tlie year eiideLI 31 December 2023 Auditors Haysmac LLP 10 Queen Street Place London EC4R 1AG Bankers HSBC Bank plc 99-101 Lord Street Liverpool L2 4SW Investment Managers Evelyn Partners 45 Gresham Sireet Londoii EC2V 7BG Raihbone Iiivestment Management Ltd Porl of Liverpool Building Pier Head Liverpool L31NW STRUCTURE. GOVERNANCE AND MANAGEMENT Constitution The Arihdiocese of Liverpool is a charirable incorporated organisation ICIOI, regisiered charily number 1199714, and regisiered on 20 July 2022. The net assets and underiakings of the Liverpool Roiran Caiholic Archdiocesan Trust, registered charity number 232709, were transferred to the CIO on l January 2023. The CIO is the reporting entiiy from 1 January 2023 and accounis for all activities of the Liverpool Roman Catholic Archdiocesan Trusi which will continue 10 collect legacies, donaiions and any other income due to it. Assets and liabiliiies were transferred to the CIO under the Charity Commission order dated 5 December 2022 which also authorises Ihe granting of ari indemnity by the CIO under section 105 of the Charities Act 2011 to settle liabilities properly incurred. Organisational structure and decision making The Catholic Church has a worldwide naiui-e and identity and could be compared wilh a gathering iogether of family, with a common purpose and faith in Jesus Christ. Canon law (the law of the Church) establishes the righis and responsibilities of each Inember of Ihis communiiy. Church law applies universally arid locally. The worlclwide Church community, ceiitred on Christ, under the Word of God and in coinmunion with the Pope in Rome, is governed by canon law. Under canon law the Archbishop of Liverpool is responsible for the activities of the archdiocese, a geographical are8 in pari of the norih-we5t of England, which is a portion of the worldwide Church, making up the pilgrim People ofGod.

Archdiocebe of Liverpool Repoi't OE thi, Tiiistees For tlie year elided 31 Deceinbei 2023 The archbishop was assisted during 2023 in archdiocesan executive maiters by the Ri Rev T Williams, auxiliary bishop of Liverpool Ire(ired 25 March 20231 and Rt Rev T Neylon, 3uxiliai-y bishop of Liverpool, a vicar general and several epi5cop31 vicars wilh delegaied responsibililies for straiegic oversight in specific maiters of the life of the Church. The archbishop makes the appointments of vicar general and episcopal vica r5. The affairs of the charity are governed by Ihe Irustees who are ultimately responsible for Ihe adminisiraiion 3nd assets of the charity. The board of Irustees, chaired by the archbishop, meets regularly to provide strategic direction and decision-making on key issues. The pastoral oversight of the chariry is conducted by the archbishop in regular consultation with the Archbishop's AdV￿sory Group - 3 body formed as a resuli ol Ehe synodal processes which cofflprises clerical and lay advisers from various strands wiihin Ihe archdiocese. This body assists the archbishop in all decisions affeciing the life of the archdiocese. The archdiocese consists of13 deaneries, each made up of groups of parishes in each local area, in iotal containing171 places of worship, exiending from Ihe Mersey to the Ribble, encompassing parts of Merseyside, Lancashire, Cheshire, Greater Manchester and Ihe Isle of Man. The purpose ofeach deanery is to provide for the pasLora1, sacrafflental and community needs of ils people. All priests and deacons are accouniable to Ihe archbishop. P3rish priests are obliged by canon law 10 act in the person of the parishl They also act as Ihe acsenis of the trusiees of the archdiocese, who are responsible foi- the admiiiisii-aiion of the archdiocesan charity, vvhich includes parish assets. T1￿ Code of Canon Law makes a distinetion betweeti actual persons (pe1¥0￿¢7 ljiiiiiftnN) and a person (persON frionfictfil who is a subject of rights aiid obligatiuns. Tn the Church this means that there aiE individLial physical persons wid jUTidical pei'soithoods. Canon law assigns lan￿)iCal identity to various grou￿ and entitics witl)in the Cliurth bULJi that they are recogiu5ed ab subjects of riglits and obli8aliuns, and these are referred tn as juridical persons. A parisli therefure is a juridical person, aiid it is the parish priest who aLts' in the perwn ol the parish in all juridical matters, aiid impurtantly to ensiire that parish good.s arc admiiiistered iii aCcord￿Tree witli the law. Can. 532 In all juiidic affairs the pastor represeiiis the parisli acc()rding 10 the norm ol law. He is to take care tiial the goods of Ilie parish are administered according to the iiorm of cann. 1281-1288.

Ai-chLliocese OE Liverpool Repolt of thi Ti'Llbtees Foi the yeai eiiLled 31 Deceinbei. 2023 IL is a further reqLiiremeni of canon law Ihat every parish should have a fin3nce commitiee to assist Ihe parish priest in Ihe financial administracion of the parish. This commiiiee enjoys consultaiive statLJS With the parish priest and its consiiiuiion is 3pproved by the trusiees. Some ChLJrch policies are developed ai a national level by Ihe Caiholic Bishops, Conference of England and Wales. The archdiocese is represented on this body by its bishops The policies may be adopted by the trustees after considering Ihe impact on the activities of the archdiocese. The Irustees conti nue 10 review best practice as seE oul in the Charity Governance Code 2020, aiming to continuously improve governance and effectiveness, 3nd look forward to the updated ver-sion of the code expecied in early 2025 ￿vith lis focus on ensuring Iransparency, accountability and efficiency in operations. Organisational purpose The trusLees regularly review the charitls purpose ancl consider how it delivers public benefit as described on page 20 of this report. The trusiees are saiisfied Ihat the charitable purposes of (he organ153tion have been achieved. Leadership The Chief Operating Officei- continues Ihe review of prioriiies, governance, structures and processes. The charity has continued its transition to new governance arrangements which include clariiy of oversighi of commitiees and subsidiary undertakings. Governance arrangemenis inclLide the regular review of the purpose of commitiees and subsidiaries, and constrLlCtive challenge to the Chief Operating Officer and ai-chd iocesan officers. The ethos and CLiliure of the charity supports it5 activities. Policy committees continue to car-ry out detailed policy woi-k on behalf of the trusiees and 10 mal<e decisions on maiters delegated to them. The Pastoral Development Committee oversees Ihe work of the Pasioral Development Department in relation to pastoral pi-ovision for better delivery of archdiocesan Irission objeclives and, as far as possible, will align pastoral considerations wilh deploymeni of13y and ordained ministries. The Safeguarding Committee supporis, assists and advises the trustees in dischai-giiig Iheii- dulles in safeguarding, in accordance with Iheir legal and regula(ory responsibilities.

Archdiocese of Liverpool Report OE thL TrLlStees For the year endLLI 31 Deceiiibei. 2023 The Archdiocesan Educaiion Committee lest3blished in November 20231 oversees Ihe work of the Educ3tion Depariment and Ihe development of education policy and practice consistent wilh Ihe Catholic faiih, An Audit Committee (established in April 20231 advises the trustees alongside the Finance Commiltee ensuring that Ihere is delailed oversighi of all archdiocesan financial aciivity and effective stewardship of resources. 5ubcommiiiees of the Finance Committee - the Invesiment Panel and the Building Projects Committee advise the trustees Lhrough the Finance Commiitee. Each of the commitiees is chaired by the relevant episcopal vicar, or vicar general, with furiher trustee representation on Ihe individual body. The Audii Commiilee is chaired by an appropriately qualified trustee. The committees meet on a regular basis and Iheir findings are recommended to thetrus(ees oroperaie under trustee- delegated authority. Integrity Governance arrangements include the i mplementation of policies and procedures which support l<ey outcomes in maintaining the repuiaiion of the chariiy and how it is pei-ceived by oihei- people, partnerships, and the public. Key Ihemes in the implementaiion of policies and procedures include the expec(ed siandards of probiiy and behaviour, Ihe requiremenis to operate responsibly and ethically in line with the mission of the archdiocese, and compliance with relevani guidance, wheiher mandatory or non-manda(ory. The requirement for the declaration of actual or pocential conflicis of interesi is included wiihin the governaiice arrangemenis. Decision-making, risk and control The archdiocese reviews the arrangemenis for maiters reserved to the Irusiee board and those Ihai are delegaied to archdiocesan officers, individual trustees, and commitiees, Compliance with Ihe scheme of resepjation and deleg3tion is monitored and reported regularly to Ihe Audit Commiitee. Governance Brrangements include Ihe regul3r review of committee terms of refei-ence. The monitoring of organi5ati01i31 performance is a key componeni of the governance arrangemenls and reporting includes the moniLoring and management of financial and non-financial risks including departmenial, subsidiary and archdiocesan risks. There 15 an effective process iii place for the 8ppoiniineni and review of auditors.

Archdiocese ot Liverpool Report of thi TILlStees Foi. the year eiiLled 31 Deceinber 2023 Board effectiveness The arrangemenis for the cycle of board meetings are reviewecl as pari of governance arrangemenis together with the informaiion needed for trustees to fulfil Iheir dutie5. The mix of skills. knowledge and experience Is kept undei- review. Equality, diversity and inclusion The trustees undersiand their responsibilities regarding equaliiy, diversity, inclusion, and value the benefiis of a diverse trustee body in making informed decisions. They aim 10 remove obstacles 10 aitracting a diverse pool of candid3tes. Openness and accountability The chariiy is working ioward the development of a transparent, well-publicised, effective, and timely process for making and handling complaints, with the aim of ensuring that iniernal and external complaints are handled constructively, impartially, and correc(ly. The review of a straiegy for regular and effective communication wilh key siakeholders is a priority for the org3nisation. Trustee recruitment and appointment By righi of office, thearchbishop chairs Ihe board of trustees. The power of appointing new or additional Irustees is vested in the ai-chbishop. The induction process for any newly appointed trustee is tailored 10 the requirements of the individual and includes an initial meeting with the archbishop. Any new trLlStees will receive copies of Charity Commission guidance, rhe minutes of the most recent trustees, meetings and a copy of the most recent siatuiory accounts. Ongoing training provision is for all trLlStees is being developed. A SharePoint site for trustees and commitiee members includes links to the Charity Govei-nance Code, Charity Commission publications and guidance including 'The essential trLlStee', guidance on decision-m6l<ing for chariiy trustees, internal financial controls for charities, public benefii rules for charities, and resources for meeiings of Lhe board of tl-LlStees. The £h3rePoini siie also has trustee induciion inform31ion and information relaiing to Strategic planning and policy developinent, the structure of archdiocesan finaiices, an ovepiiew of insurance, and training documeiit3tion i-elaiing lo charity Iruslee responsibilities.

Arclidiocese of LivL)rpool Repoit of the Ti'u%tLes Foi. the year L)iILleLI 31 Deceniber 2023 Related parties Various essential functions of the archdiocese are provided through subsidiaries. These include Ihe commercial activiiies of the Metropolitan Ca(hedral through NAeiropoliian Caihedral Services Liimiied arid the manageiiieni of parish cenlres by Archdiocesan Parish Cenires Management Company Limited. Build ing services for archdiocesan buildings are managed byTuneside Limiied and Archdiocesan Property Services Limiied. The promotion of education standards to archdiocesan schools was undertaken by Archdiocese of Liverpool Primary Sihools Improvement Trust and Archdiocese of Liverpool Secondary Schools Improvement Trus(. The worl< of the Primary Improvement Ti-ust was consolidated into the archdiocesari EdLication Depariment in 2023, and the archdiocese is worl<ing towards raiionalising the organis3tion structure of the Secondary School ImprovemenL Trust. The boards of trusiees of Ihe Liverpool Archdiocesan Education Trust11199714-31 and Ihe Apostleship of Lhe Seè Liverpool Archdiocesan Council {Linked charity 1199714-21 are ideiiiical 10 tha( of Ihe archdiocese. To reflect the level of reserves under the contro1 of Ihe ti-usiees, the financial perfoi-mance and posirion of these two charilies are included in tlie consolid3ted accounts of the archdiocese and from 2023 onwards both charities are reg6rded by the Charity Commission as linked and treated as forming pai-t of Ihe Charitable Incorporated Oi-ganisation, Ai-chdiocese of Liverpool. Consequenily, assets were tr3nsferred from the curial group to the charity as shown in note 24 wilh £2.21 M in respeci of Lhe Education Trust transferred from curial unresiricted i-eserves ai the (FfoLlP level (o curial unresLricted reserves of the charity. For the Apostleship, £4.07M of unresiricted and £0.22M of restricied reserves were transfei-red from curial group to cui-ial desigiiated and resLI-icted reserves of the charity respectively. The chariiable objectives of The Apostleship of the Sea (Liverpool Archdiocesan Council) are the spiritual and iempor31 welfare of seafarers. The apostleship aims to achieve it5 objectives by working in ecumenical parrnei-ship with The Mei-sey Mission to Seafarers in the day-to-day operation of Liverpool Seafarers Centre. ThroLigh the facilities and ser￿ICe provided from the Seafarers Centre, the aposileship gives pr3ciical and pastoral cal-e to seafarers. The charity had £4.24M of reserves al 31 December 202312022.. E4.13MI. Liverpool Arclidiocesan Education Trusi aims to promote Ihe charitable purposes of the archdiocese by faciliiating the acquisition and holdi ng of property for educaiion pui-poses. Reserves ofthe charity amounied to £2.26M ai 31 December 202312022.. £2,21 Ml.

Archdiocese of Livirpool Repoit uf the Ti'LlStL'es For tlie year eiiLleLI 31 Deceiiibei 2023 Global economic conditions Global economic instability and geopolitical conditions, includ ing the war in Uliraine, other conflicts and Ihe cost of energy and construction relaied acciviiies, have had an adverse impact on Ihe archdiocese, SLipply chains and donors. The archdiocese will continue 10 develop appropriaie financial straiegies 10 mitigate Ihe risl<s of these uncertainties. Risk Management The trusiees have assessed the major rislis to which Ihe charity is exposed, in pariicular those related 10 Ihe operaiions and finance5 of the charity and are satisfied thai sy51ems a re in place 10 mitiga(e exposure to Ihe major risks. The top ten risks 10 archdiocesan objectives, mitigations and actions were considered by Ihe Audit Commiitee and reporied to Irustees during 2023 including.. l<isk Operational FiiiJiici£il Repiit3ti()nal Eli ement of Youn Blid ota control Investmeiit Polic Tradlll activities Administration of ro Emer aredness stems, IT and C ber Statuto and re ulato io Recriiihnent £iiid reteiitioii While Ihe average weel<ly Mass aitendance of 26,907 for 2023 (2022.. 25,327) refleccs a 6% increase on 2022, the underlying Irend continues to be down, with a decline from the 85,357 reported in 2000. Peo le er eli re coin liance W¢¢kly Mass allondan¢¢ and olforlory Icm) JJ X)J4 LS J)17 lJ8 i¥ Trii

ArchLliocese of Livei'pool Repoi't of the Triislees For the ye<l1' enLleLI 31 Deceinber 2023 Average Ma£s attendance is usuallycalculaled from the average of the Mass attendance each 5und3y in October as submiiied by eachparishpriest to the Chancellor of the archdiocese. The average age of parish congregations is generally increasing, and the proportion of younger people is reducing A key aspect of ouireach to young people continues to be the work carried out by Caiholic schools and the Animate youth minisiry team, based at Lowie House, St. Helens, across the archdiocese and beyond. The impact of the declining number of active parishioners and total clergy is being addressed Ihrough the recommendaiions of Synod 2020 that have been incorporaied into the pasioral plan that was published in Adveni 2021 . The vocations direcior appoinied by the archbishop runs events around the archdiocese 10 help develop voc8tion£ to Ihe pi-iesthood and religious life for Ihose people yel to decide wheiher 10 embar1< on ministerial formaiion. The health and safety of all individu31s thai encounter the Church through the many churches and other properties of the archdiocese receives particular attention. A key 35pect of the onaoing parish healih and safety risk assessment process is risk dentification, and tlirough several techniques and processes Ihe trusiees aim to tal<e all appropriate sieps to miiigate the likely impaci of risks identified. Regulaiory compliance processes are in place for matters such as asbestos, confined spaces, w3Eer hygiene, ffire safely and firsi 3id. Quinquennial reporting, parish building inspections and parish health and safety risk as£essmeiics are undertal<en. Reporting of accidents to a designated health and safety coordinaior is being improved and visits to all accideni sites following serious incidents al-e undertaken, inclLiding reporting of all notifiable incidenis io Ilie appropriate authorities. Regulai- newsleiters are seni to all parishes. Quarterly reports covering health and safetyare reviewed bythe Health and Safety Commiltee and i-eported to Ihe Irustees. Objectives and actlvities The objects of Ihe chai-icy are the advancement of the Roman Catholic religion in Ihe archdiocese in such ways beiiig chariiable as the archbishop shall from time to tiine direci and for Ihe service and support, wlieiher in the 31-chdiocese or outside Lhe archdiocese in such ways as aforesaid of any lawful charitable PLirposes whether educaiional or olhetiwise promoted or supported by tlie Roman Catholic church.

Archdiocese of Liverpool Report of the Triisties Foi tlie year enlled 31 DecLiiibei' 2023 Achievements and performance The chariiy fulfils lis obiecis by olferi ng religiou5 and pastoral services, educational programmes, and charitable support and assistance both wiihin and ouiside the Archdiocese 10 Catholics and oihers. The Pastoral Plan was published on the firsi Sunday of Advent in 2021 and the archdiocese recognises Ihat the plan represents the hopes and dreams of the local Church. The plan comprises Ihree seciions.. Christ 3t the centi-e our Iheological underpinnings Four signposts to Ihe future Six are35 of development.. Becoming a Churth that accompanies people through life Becoming a Church that honours the vocation OE all the baptised Becoming a Chiirth where synodality is embedded Becoming a Church that reviews its organisational St￿CtUreS and administers it8 propertyr tn serve its mission Becomins a Church where young people and young adults flourish Becoming a Church that cares for its prtests Achievements in 2023 include the confirinaiion of the composition of Ihe Ai chdiocesan Synodal Council IASC), and Deanery Synodal Councils. A Pasioral Plan Implemeiitation Group was formed, on behalf of the archbishop and trusiees to iniliaie proposals for action ai-isina fr-om Lhe Pasloral Plan, to seek au(horisaLion for those proposals and to co-ordinate tlieir implementaiion. The Pasioi'al Plan Implemeniation Group appointed a lead for each Pastoral Plaii development area to implemen( deliverables wiihin agreed timescales. 14

Ai-chdii)ce%e of Livi)Ipool Repoi't (if the Ti'iistLes For tlie yeai eLided 31 DecenibLJ' 21)23 A collaboration beiiNeen Ihe archcliocese, tlie Nlorthern Di3conal Formaiiori Parinei ship and adLilt for mation advisers from oiher d ioceses, worlii ng iNiilI Liverpool Hope University led to Ihe development of a new posigf(Idu3ie certificaie in leadership in pastor31 minis11 y. This is offei ed online and meei Ilie criiei-ia for pai E ol the diaconate forimaiion and formatioii for Ihe lay mini5Liy of catechisL, as well as more general foi-maiion for Ininistry. The Ministi-y Research Projeci has prepai-ed a geoui-aphical informarion sysiem IGISI which ha£ Ihe poieniial to inform pasioral planniiig decisions aiicl has provide(5 deeper i iisight i iiio Ihe nature of di3concil miiiisiry aiid the proce55 of recrLiiimeni and forinaiion. A Council of Deacons was esiablislied on 1 .1 JLily 2023 wilh elections held foi- Ihe V3rious offices and Ihe firs[ session of Ihe CoLincil of Deacon£ was helcl on 17 5epiember 2023. The Archbishop's Aclvisory Body underweni further modificaiion in 2023 viith Ihe inclusion of a deacon and some lay menibei-s. A comprehensive auclit of property and land was co)nclLidecl in the year, aiicl the inforination gathe.red is used to supoort parishes looliing ai Iheii building need5. Deiails of the condilion of bLiilding5, capacity, li£led building staiLlS, location, Iranspori linl<s and access were idenlified ès key 35pecis of decision m3l<ing by Families of Par-ishes 10 prepare foi- tlie fuiui-e The provision of a 'Moiher Church,, possible 'claughiei- Churches,, aiid places foi- social gaiheriiigs, caiechetical evenis, parish office accommodation ancl i)riests' kiomes, for eacli Family of Parishe5 were ideniifiecl as the ideal. A Pasioral Organisalion Subcomiiiitiee was esiabl ished 10 ensLI i-e that mission drive5 pastoral organisation and capiLal pi-ojecis. Tlie Depuly Direcior of Education focusses ori the Caiholic life of archdiocesan schoo15 3iid related woi-k higlilighiecl by Ihe Synod. A proce55 of listening 10 priests and their expei-ieiice of beiiig a priesi in the ai'chdiocese was underLal<en and culininated in the prodLiciion of a doLLiinenl foi- priests to be 3ble 10 coniinue 10 i-efleci on what has been saicl. A group of pi-ie515. noniinaied fi-om among51 their broihers and l<iiowii as the 'liice Group, liave coniinuecl to meet dnd reflect on liowi Ihey nolcl Ilie space Ihe clocLiinent has ci-eatecl. Regional Ineeiiiig5 liave lool<ed ai oiiuoiiig formarioii iieeds and coiivei-sations about Ihe possibilities of developiriu was15 of wol king iogether. Retreat% and days of I'ecollection and a pro(sranirne of onuoi IiCF foi-m31ion are also beints developed.

Aichdiocese of Liverpool Repoi't of thL TLLlStees For the year elided 31 Deceinber 2023 The first assembly of the A5C was held in November 2022 and was atiended by 130 people, including a Zoom link for Ihe Isle of Man. Reports were given by each of Ihe development area co-ordinators 3nd discussed in groups. Each area development co-ordinator gave their report followed by an informal interview, with the opporiunily for those atiending 10 ask ciuestions. A Catholic Social Aciion audit was compleied, a framework developed, and a database of diocesan active groups. 245 people registered for Caiholic Social Action evenis. Those events included evenls on the environment, focussing on how church funds are used in relaiion to the climate and asylum, cost of living and Ihe environment. Catholic Social Action was delivered across four key sir3nds'. Sust3inable Churches - embedding a Christian imperalive for care pf creation inio the life of individuals and parish communities. Sustainable Livelihoods SLippofiing parishes on their social action journeys, with social aciion projecis inspired and clearly rooted by gospel teaching. Honouring Ihe Vocalions of 311 those siriving for social justice in the Church A vocal Church that speaks OLIt agaiiisi injustice Examples of the work carried oul during the year include Ihe followiiig.. Fifteen Care for Ci-eation leaders, tr3ined in Wigan and Leigh, with ideas for aclion.. transfoi-ming waste land into food growing space, audi(ing Iranspori seNices to parishes and promoting meat abstinence on Fridays. Development of a piSot framework for developing social action in deaneries. Shape the Change Conference 2023 Responsible Investment Policy, publication of articles on refugees, environinent and cost of living. Update on Social Action 22123 40 87.5% 40+ 60 147 36 i%'¢rwl 16

Archdiocebe OE Liverpool Repor't OE IhL' TrLislees Foi. tlie yecir eiiileil 31 Deieinbei. 2023 Financial Performance The net movement in the funds of the group from parochial and curial aciivities is summarised below. 2023 EOOOS 111 1591 5,888 6,761 1,490 2022 £OOOs 12,9261 110,6501 6,021 (7,555) Net expenditure Unrealised gainlllossl on investmenLS Revaluation of investment properties Net income Donors continued to adopt alternative meihods of giving such as online donaiions and siand ing orders. Overall staff numbers have remained stable. Voluntary income Parishioners continLie 10 generously SLippori their parishes, with long term iniliaiives such as the 'Responsible Giving Campaign, contributing to the strengih of parish finances. The scheme is implemented by small Leams of V0￿Unteer parishioners and the campaign highlights Ihe rising levels of costs faced by parishe5, and encoLsraae5 individuals to increase their giving, highlighting potential to increase Ihe value of regular donations through (he Gift Aid scheme which allows the archdiocese to claim an extra 25p for every £don3ted by taxpayers at no extra cost to the donor. Parishes undertaking a responsible giving campaign have experienced sustained increases in giving. The potenLial of responsible giving campaigns remains a key priority for the ar-chdiocese to mainiain the effectivenes5 of donation levels whi15t also trying to avoid 'fundraising faiigue, for parishioners. Offertory income amounted 10 £5.5M 12022.. £5.11 Ml, demonstratiiig further recovery from 2020 levels but below the level of giviiig reported in 20191£5.78MI. The value of legacies received by the archdiocese was £0.97M 12022.. £1.14MI. Legacies were reporied in 26 individual parishes in 2022 (2022.. 251. The Priests, Training Fund, caihedral and individual parishes contiiiue to benefii from the generosity ol p3rishioners through income and bequests. Parishioners responded to appeals and special collections during the year wiih £1 .OM received {2022'. £0.90MI, and exiern31 charities iiicluding CAFOD benefitting fi-om Ihe income genei-aLed.

Ai'chdiocese of Liverpool Repoit OF thL' Ti-iisttTres For tlie yeai. eiilled 31 December 21123 Fundraising activities The acijiiitie5 of parish centres are consolidated within Archdiocesan Parish Centres Mana(sement Company Limited IAPCMCI Parish cenire buildings remain a valuable resource Lo parishes and Ihe wider communily wilh 37 centres continuing to Irade. The commercial activiiies of the Conference Centre in the St. Margaret Clitherow Centre were sireamlined following the restriciions imposed by the pandemic and the building was used for archdiocesan and extei-nal groups without dedicated conferencing and hospitalily support. Demand for facilities has continued to i ncrease and this is kept under review 10 optimise poteniial income generaiion opportuniiies. Tuneside Limited and Archdiocesan Property Services Limiied manage archdioces3n building projecis, and the activilies of the subsidiaries support the cosi-effective managemeni of building projects for Ihe benefii of parishes and schools, Investment policy and performance The chariifs consiitution includes Ihe power to deposil or invest funds, employ professional fLind-manager5, and èrrange for the investments or other properly of Ihe charily to be held in the name of a nominee, in Ihe same manner and subject to the same conditions as the Irustees of a trusi are perillitted to do so by the Trustee Act 2000. The archdiocese is committed to 31igning investments to build a better, more just, and peaceful word, with the contribuiion of all, people and ilistitutions. The archdiocese investment objeccive is to achieve a iotal return to presepie capital in real ierms wiLh an annLial reiu rn to the archdiocese from dividends and interesi or re31ised capital growth as required. The archdiocese aims to seneraie a reiurn over (he long term of 4% above Ihe rate of inflation as measured by Ihe Consumer Price Index ICPII. The archdiocese has a long-ierm time horizon at a minimum of an investment cycle of around 5 years, and this is reflected in the trusiees, 6ltitude to investment ris1<. The trusiees recognise the risl<s associaled with investineni in mainsiream invesifflent markets and accept this in relurn for the prospect of aclditional returns over longer periods of tiine. Psset allocations are communicated to investment Inanagers with minimum and m3ximLim preferred percentages. The purpose of archdiocesan investments is ultimaLely to support the achievemenc of Ilie objects of the charity and to deliver the pastoral plan aiid six areas of development. The trustees also have reg3rd to cheii- civil law duties relating 10 the administration of the charity's asseis and have particular regard to Catholic Social Teaching. The arclidiocese defines respoiisible investmeni as.. 18

Archdiocese of Livei'pool Repior't OE thi, Triistees For tlie year endeol 31 Deceiiiber 2023 "The piiryosefiil integi'ation of the missioii and tLllcliing5 of the Catholic Chiirch, and environmentlll, social nnd corpoYL7te governance (ESG) considerlltlOF15 into investnient mllnasement processes llnd ozunership practices. The responsible invesimeni policy includes a range of exclusions and resiriciions which filter out invesiments on the grounds that they 3re not consisienl wilh the mission and ieachings of the Catholic Church. Investment managers use the seniices of bodies such as Ihe Investor Responsibilily Research Serdice in endeavouring to ensure compliance wiih archdiocesan policy. The Investmeni Panel has delegated auihoriiy from the trusiees to sel performance targets and 10 assess Ihe actual performance of the invesiment managers againsi benchmarks, with advice from a specialisi lirm of invesiment advisors. The archdiocesan invesiment portfolio is split into Iwo separate porifolios managed by different investmeni managers and representatives of the investment managers ffleet periodically wilh the Investment Panel, who assess their relative performance againsi benchmarks. Investment income generated by the investmen( managers of Ihe unitised porifolio was £3.09M12022. £2.76MI. Tlie chariiy reported an unrealised gain on investments of£5.9M12022'. Loss £1 0.65MI All archdiocesan bank accounts are included within the offset banking system. After daily consideration of commitmenis and expenditLire patierns, archdioces3n personnel evaluate the cash reqLiireinents, the balance being placed in a variety of cash deposits wich insiitlltions approved by Ihe trustees. The investment objective in respect ofcash management is to maximise income from cash balaiices whilst ensuring sufficient liquidiiy to meei the daily operating requirements and to facilitate the timely payment of liabilities. Inierest rate increases on cash balances during 2022 have contributed to increased returns during the year. Investment properties The archdiocese sold sever31 assets that were no loiiger being used as functional church properiies and i-eported a realised loss on dispos31 of pi-operties of £0.17M 12022. 83in £0.1 OMI. The Irustees have retained a portfolio of properties no longer req uired for funciional purposes to generate a renial income for individual parishes. A cyclical valuaiion pi-ogramme is operated by the trustees and revaluations created an unrealised gain of £6.8M12022.' £6.02Fvll.

Ai'lhdiocese of LiveL'pooI Repoi'l OE the Ti'L15tees For tlie yecir eLiiled 31 Decembei 2023 Charitable activities and public benefit The charity aims to Satisfy Lis objecis, Ihe advancemeni of the Roman Catholic religion in the archdiocese, in such ways being charitable as the archbishop shall from lime to time direct. Charitable activiiies in the archdiocese and outside rhe archdiocese may cover any lawful chariiable purposes whether educational or otherwise promoted or supporied by Ihe Roman Catholic church. In planning lis chari(able activities, Ihe trustees of the archdiocese carefully consider Ihe Charity Commission's general guidance on public benefii. Success 15 measured in different ways according to the various activities of Ihe archdiocese. The archbishop has oversight of Ihe whole archdiocese, achieved through visiiations to parishes and schools and Ihrough che wider knowledge and reviews of the activities of Ihe organisation. Pastoral work The celebration of Mass in parishes wiihin the archdiocese was attended by an average weekly congregation of 26,907 in 2023, contri bucing to the nurturing of faith. A5 Ihe place where parishioners accompany each other and those in their wider community, Ihe parish church provides a sense of shared purpose and contributes 10 the spiritual well-being of society 3nd the public in gener31. Many aciivities coordinated through parishes are focused on the need5 of the vulnerable, ai home and abi-oad, and significant collections are undertaken on behalf of charities such as Nugent, CAFOD, Foodbanks, and for national disaster appe315 and chose aflected by conflict. In addiiion Lo prayer, support was provided 10 those affecied by Lhe wai in Ukraine tlirough the #Liverpoo14Ukraine appeal which provided mLich needed humanitarian aid generously doiiated by people across the archdiocese. The pastoi-al work of Ihe archdiocese exiends through chaplaincy provision to create a welcomi ng Catholic community and support 10 Ihose in universities and hospitals wiihin Ihe archdiocesan geographical area. Chaplaincy for those facing serious life challenges within prisons provides spiritual care and a listening presence in (imes of grief, loneliness or regrei, and encourages reflection on personal responsibility and reconciliation. Regular and extensive pastoral visiting to the sick and dying at home and in nursing homes is undertaken by clergy and irained lay people, affirming the digniiy of the sick and dying and providing Ihe 3dministralion ol the sacraments, and spiritual care for family Inembers and loved ones 20

Archdi()cese of Liverpool Rebiort of thL TriistiTri's Foi the year eiiLled 31 December 2023 Parishes are Slipporied by the work of the archdiocesan Pastoral Development Department and other centrally funded departments and initiatives facilitate and encourage work in the loc31 communiEy. The archdiocesan Departmeni of Education, Ihrough the Christian education seciion, provides suppori for the faiLh formaLion of pupils and st3ff by iniegrating Catholic teaching in the curriculum. Staff training, professional catecheiical and liiurgical suppori and statutory religious education inspeciions are provided to schools, supporting the clevelopment of a school communiiy informed by Gospel values. A dedicated ieam of residential youth worl<ers under the direc(ion of Ihe archdiocesan youth chaplain is deployed strategically across p3rishes and schools, directly engaging with ovei- 10,000 young people each year in the life and mission of Ihe ChLirch. Their work focuses on me3ningful encounters through sacramental preparation, youth events, pilgrimages and school missions. This work provides young people with peer support, leadership and pariicipaiion and engages young people in service boih within the Church and the wider community. The Liverpool Archdiocesan Missionary Project ILAMPI h3s supported missionary work abroad for over four decades. Priests have undertaken work to aitend 10 the needs ol individuals within parishes adminisiered by arclidiocesan priests operaiing in Latin America. The investment income derived Irom resiricied investments and legacies currently supports the daily activities and pastoral work of rhe priests with the emphasis on calechesis and the suppor't of medical aid and some ofthe property needs in their parishes. Clergy support A( the local level, priests play a vital role in guiding, coordinating, and carrying ouc Ihe mission of the Church, while helping to bring the archdiocesan strategy to life. In addition to celebrating Mass, they ad mi niscer Ihe sacraments of bapiism, marriage, 3nd funeral rites, offering spiritual care. The priests and deacons of the archdiocese al-e also dedicated to suppor-ting the sick, the dying, and Iheir families, through regular visits and the comforting presence of the sacraments. Although priests do not formally retire, Ihey may step down from the full responsibilities of office when they reach the age of 75 or sooner, shoLild theii- health require it. As the number of 'reiired' priests coniinues to grow, the demands on the George Andrew Fund, which provides for their living needs, will naturally increase, and the fund's balance will gradually diminish. To support this importani work, the George Andrew Fund levy, drawn from parish donations and income, helps provide 21

Archdiocese c)f Liverpool Repoi't of thi, Triistees For the year elided 31 Deceinber 2023 essential financial assistance to priesis who are unwell or have stepped down from office. Several properties within the archdiocese have been converied and refurbished to provide a greater variety of accommodation options for retired priests. An annual parish colleciion, titled 'Provision for Prie£ts in Retirement,, coniinues to be generously supporied by parishioners. The proceeds from Ihis collection play a crucial role in meeiing the future costs of converting and maintaining Ihese properiies and are Iiept separate from the George Andrew Fund. In 2023 the archdiocese had seven siudenis preparing for the priesihood. The proceeds of anoiher annual parish collection, along wilh legacies and specific donations to the Priesis, Training Fund, help to cover the cos(s of Iheir education and ongoing formation. Education Education has always been at the heart of the Catholic mission. The approach to edLication iaken in the archdiocese is that set out in canon law.. educaiion musi attend to the formaiion of the whole person in moral and spirilual ierms, 3nd at the sème time promoLe the common good of society. The archdiocese provides a network of schools across a wide and disparate geographical area embracing eight local education authorities and thelsle of Man. The Educaiion Depariment ensures that there is a place available for every baptised Catholic child in its schools. The archdiocesan education serdice aims to care for o people in such a way that their physical, moral and inie11eciual children and youn05 talents develop such that they attain a greater Sense of responsibilily, an understanding of the right use of freedom and are formed 10 take an active part in public life, External reports give testament to the enduring quality of archdiocesan schools which celebi-8te the uniqueness of the individual and offering mutual support for the common good in society. Through che School Projects Fund, the archdiocese approved 223 individual capital and repair projecES to the value of £17.03M 12022.. 158 projects, £13.60MI The projecis were finance through several different fundina sources including the Dep8r(meni for Educaiioii IDfEI Voluntary-Aided Schools Condition Allocation IVASCAI which can be used foi- repairs, refurbishmenis, and upgrades to school inlrastructure including health and safety improvements. 22

Ai-chdi()CL)sp (if Livei'pc)ol Repoi'l OE thl. TL'llStees FL)r the yecll- eiideil 31 Deceiiibei 21123 The a I rkidiocese ha> uliiinate concrol oiler Ihe allocaiion of grani funding to individual schools and Ihese monies ar'e iiicllided as income in Ehe Siatemenl of Financial Activities. Expencliiure on school building projects was £17.28m 12022.. E'12.60MI and is i-eflected in expendiiure incoi-poi-aiiiig Ihe cominiiimenl of VASQA grant fLI nding and Ihe arclidiocesan 'lOOh conlribufion Lo Ihp cosi of inclividual projects. The archdiocesai-l conFribLiiion ian only bo achieved kviih the generous suppori of pai-lshioners 3nd paren[£ wiiho contribuie 10 Ihe anniJal Siliool lew] colleciion. The School Projects Fund benefiiied from £0.53M 12022.. £0 56MI of donaiion5 from parenis via arLhclioces3n scliools. School faciliiies are also supporlecl by (he governmeni Devolvecl Formula Capital IDFCI Allocation, which inclLicles a fixed lump SLllll per school IOQFeiher with ali 3mouni per pupil. Fuiicling can be used for loncy_ierim capiial invesEnienis such 85 building repairs, ICT up 1.ades and furnitLlI-e and eqLiipnieni up rades. Most sctriools in Ilie archdiocese opi to Pay iheir DFC allocations into an ai-chdiocesan ba i)l< accoLlI It wiihin wliich they are maiiiiained on a n individual basis uniil they are drawn down by Ihe school. At Ihe_ year eiid, the arclidioce5e vias holding £9.67fvl 12022. £11_34MI on behalf of schools. In 5epiember 2023, Ihe Departmen( for Eclucation IDfEI reqLiesiecl informaiion about Ilie exisiencp of reinforced aerated auioclaved concrete (RAqCI in schools across the country. RAAC was a che3p and populai l)Liildi ng maEerial used in the Collsli-uctioii of PLiblic buildiiigs from the 1950s to Ilie .1 9905.11 is less dLII-3ble than concrete ancl was iiieant to be i-eplacp.d aftei- 35 years. The govei-nment recogiiised Ihe sei-ious issue of the coniiiiiji ng use of Inariy buildings witlI RAAC and committed 10 Laking action 10 remove RA4C from Schools The revieiN of school buildings across the 3rchdiocese was Lindpi-iaken with SLippori fi-oiii exip.riial area f urveyoi"s aiicl the DfF, incluilincr inves(igaiion£ and opening up woi-l(s Lo confirm coiisii-ijction IMetliod5, cincl focLissing oli Ihose buili dui-ing (lie periocl when RA4C was Lised. No RAAC was found in archdiocesan schools. ThroLigh Ihe Scliools, Voluniary Con(ribi.Iiion Scheme, Ihe 8rchdiooese cali offer an enhaiiced level of support to scliools. Coniributions of £0.27M12022'. £0.27MI from archdiocesan scliools enabled Ihe EdLIC31ion Dei)aitnieni to suppori Ihe developmeiit of leadeisliip teaiT]s and aclv15e oli selection and appointment processes Ihi-OULTli effeciive indLicLioii in-seriiice ancl advanced prograinmes of training followin<7 appointment. 23

Ai-chdiocese of Livei'pool Report ot tlii Triislees For the year elided 31 Deceinber 2023 Property Parish churches and other properties are built in various architeciural styles, wilh some being lisied buildings, Main13ining and refurbishing these properties requires expertise across muliiple disciplines 10 ensure work is carried out with technical and financial proficiency. A comprehensive health and safety programme is in place, alongside measures 10 ensure statutory compliance for all archdiocesan properties. Properiy-relaied cosis remain Ihe most Significant area of parish expenditure, to(alling £8.30M in 202312022.. £6.34MI. Thi5 includes £3.71 M spent on repairs and mainienance12022'. £2.96MI. Financial oversight is exercised through the Fiiiance Commiicee, which reviews and recommends repair projects exceeding £5,000 to the trusiee£. Procuremeni processes ensure Ihat building projects provide good value for Inoney. The structured maintenance and repair programme ensures thai churches and Parish halls remain open and accessi ble, benefiting the commLinity not only spiritually buc also practically tlirough pasioral care and various parish-led activities. Employees The employees of the Archdiocese of Liverpool play 3 vital role in its mission and daily operaiions. Archdiocesan aciiviiies are communicated to staff through multiple channels, including email, Lhe intranet, and regular meeiings Ih3t address both general and specific matters. The Staff Associ3tion, representing all are35 of employment wiihin the archdiocese and its subsidiaries, ensures Ihat employee wellbeing remains a key priority in decision-making It sel'ves as a forum for discussing employment, heolth and safety, and social matters while also providing truslees and senior management wilh opportunitie5 lo consuli on proposed strategies, policies, and guidaiice. Employees are encouraged to share their ideas and raise any concerns. The archdiocese is commitied to inclusive employment practices, considering job applications from disabled persons based on their aptitudes and abiliiies. Support is provided foi- employees who become disabled during Lheir tenure, including opportunities for retention and retraining. Equal opportunities are also offered for training, career developmeni, and promotion. Annual pay adjustments are reviewed by Ihe trustees, with periodic evaluations of job roles and remuneration. Archdiocesan benchmarking is applied when creating new positions or filling significant vacancies to ensure fair and competitive compensation. 24

Archdiocese of Livei'pool Report of the TrLlStees For the year ended 31 Deceinber 2023 Grants The archdiocese is noi primarily a grant-mal<ing charity A Small number of discretionary grants were made by Ihe Irustees to coniribute towards the costs of inilialives run by oiher charities where their objects correlaied with those of the archdiocese. Further information on this can be found in note 18 to Ihe accounts. Plans for future periods The siraiegic direciion of Ihe archdiocese continues 10 be shaped by Ihe proposals thai emerged from the Synod, as outlined in the pastoral plan released at the start of Adveni 2021. At the heart of this vision is the call to become a Church that accompanies people through life. The Synod iclentified evangelisation as Ihe l<ey priorily, urging the archdiocese to look outward and embrace 3 mission of accompaniment. This commitment is expected 10 influence every aspect of archdiocesan life, ensuring the Church wall<s alongside people in their joys, hopes, griefs, and anxieties. To honour the vocation of all the baptised, the archdiocese aims to be bold and creative in celebrating Christ's C311 and supporting people in Iheir response. The trusiees recognise the imporiance of fostering the gifts of the baptised and exploring new leadership models that engage with the realiiies of coniemporary life. This approach seeks to sirengihen collaboration and embed Ihe principles of synodaliiy. In alignment with Pope Francis, vision of the synodal Church for Ihe third millennium, the archdiocese has resiructured its consuliative bodies. A new advisory body, Ihe Archbishop's Advisory Body, which includes boih laypeople and clergy, has replaced the Archbishop's Council. Additionally, the A5C convened for the first time on 25 November 2023, bringing together 130 participants who engaged in listening, discernmeni, and reflective silence 10 identify key priorilies for the coming year. As p3rt of ils commiiment to renewal, the archdiocese has reorganised lis18 pastoral areas inio 13 deanerie5, fostering more stable and effeciive parish groupings, To create an environineni where young people and young adulis can flourish, a full-time yOLlth adviser will be appointed to develop a networked youih minisiiry. A Youth Council will also be established to preseni concrete proposals, 3nd efforES will be made to enhance Caiholic li le in schools Ihi-ough a centralised chaplaincy slructui'e. Recognising the importance of caring for it5 pi-iesis, the archdiocese aims 10 sirengthen mutual suppori wiihin parish families. An extei-n3lly facilitated process will be introduced to exploi-e how best 10 support priesis in Iheii- human, spiritual, liturgical, theological, intellectual, and pasioral well-being. 25

ArchdioLese of Livirpool Repoi't of thi Ti'LlStLes For the year eiiL4ed 31 Deceniber 2023 Capital investment in schools and colleges will remain a priority, ensuring the maintenance and improvement of faciliiies. Educaiion Depariment officers wi11 coniinue advocating for Catholic schools ai boih local and national levels 10 secure necessary funding and resources. While demand for places in archdiocesan schools remains high, Lhere is strong confidence Ihat Catholic children can access a local Catholic educaiion. The archdiocese will continue reviewing adinissions policies 10 susiain sii-on8 and viable schoo15 while working within siatutory frameworl<s to manage expansions or closures as needed. Additionally, Ihe archdiocese will coniirnue to support schools ensuring robust governance, operational efficiency, and a coniinued focus on high-quality Catholic education. Reserves Policy On 31 December 2023, the group funds were.. 2023 £OOO's 2022 £OOO's Restricted fLinds Unresiricted funds.. _ general designated 29,873 95,689 87,590 213,152 32,483 95,769 83,410 211,662 Restricted funds represenc unexpended balances from collections, donations, legacies, and grants restricted by doiiors to specific purposes including the Priesis, Trainiiig Fund and Foundatioii Mass capiial. Balances on specific building projects at the Metropolitan Cathedral represeni amounts of gra nt-aid and oiher financial slipport invested in Ihe fabric of the building. A breal<down of amounts resiricced is given and the purpose of Ihe resiriciions is explained further in iioie 15. Designaied funds have been set aside by the trusiees for several purposes iiicluding school pi-ojecLS, central funds, che Geoige Andrew Fund, and the Meli-opoli(an Cathedr31. To ensure Ihat the reserves of the George Andrew and 2021 funds are enough to support pr-iests in reiirement, periodic aciu31-ial i-eviews ai e underialien. The 2021 Fund wa5 set up as a successor to the George Andrew Fuiid in 3nticipa(ion of an increase in Ehe number of clercT try needing reiirement support from 2021 onwards. 26

ArchdiDcebe of Live¥p()ol ReF)Ul't of the Ti-Ll.8tees For tlie year eiiLlod 31 Deceinber 2023 The rr1051 recent revieiN confirmed that Ihe level of reserves helcl wa£ adequate to meei the lil(eli] fuiui e costs of reiiremeni. Al Decerriber 2023 resewes of Ihese two funds aniounted to £'16.46IM12021.' £15.64MI. Refleciing the long-term naiure ot the suppori provided by these two designated fLinds, Ihe level of reserves that woijlcl oiherwise be classified as freely 3vail3ble is more than the general iar(Fei sei for oiher funds of Ihe archdiocese. The central funds of the a i-clid iocese which have beeii desioTnatpd 10 meet Ihe costs of ceniral archdiocesan initiatives and suppori cosi£ were £46.53￿￿ ai 31 December- 202312022. £4C3.88M) Tlie 3sseis of the funds are pi-imari ly invesiment pi-operty and holding5 in Ihe uniiised invesimeni portfolio. The income generaied Trom Ihese investmenis contribuies 10 Ineeting Ihe costs of cenirally coord inaied chariiable aclivities and Ihe SLipporl and governance cost obligations of the charity The level OF reserves Field ensures thai pai-islies al-e not required to coniribuie 10 ceniral cosis byw8y ofan annual leky. Alihough collecrively our parishes are financially secure, Ihose i)arishes wiihoutsufficieni re5ei-ve5 rely ori Ihe offset banliinfJ sysiem. The oflset banking Sji siem coiitinlies 10 ensure Ihai tliose par-ishes wilh li Imiiecl re£oLlI-ces are spared Ihe acldiiion3I cosi of iniei-est cliar(ses on ban1< overdrafis and builds on the Church's values of solidarity Wlth the pool- and suppoi-ii nts the coniinon good. The level of aggregated reserves held for genei-al parish purposes is bi-oadly consisieni willi Lhat of the resl of Ihe ai-chdiocese Tlie colleciive resei-ves of pai-ishes have exceeded Ilie iarget Sei by the Ii-ustees. Around 34% of parishes al-e ma nagiiig Iliei1- 3ciiviiies wiihout aiiy freely available reser-ves. Reseives in anoihei- 32 pai ishes 12022.. 34 parishes) ar'e belovv Ihe overall tarLiei of 36 month5, expendilure. Tlie level of fi-eely available reserves Is ol-di narily deiermined as the aniount of ioial unrestricted lincludiiig desioiiaiedl funds less fixed assets a£ these asseis IOLild not be realised wiihout undei minincy Ihe worl< of the ai-clidiocese. l ypically, Ihis i eserve figiii'e is expi essed in terins ol moiilhly exi)endiiuie. Uncler Ihis defi riiEion, Ilie level of i-esei-ves freely available to speiid on ar)y or all of the iharity'5 PLirposes amoLiiiied to appi-oxiiNately 40 Imoiiihs, expendiiui-e12022.. 47 monihsl. The Ii-u51ees consiL1ei tliat an overcill level ol I'eseives, iiiclLisive of designated funds, eqllatiiig to 40 moiiilis, expenditLire is sufficieiii to eiiable the oharily lo tulfil all of lis obligaiion£ and coniiniiillents. Wliile iiivesimeni volaci licy lias conti-ibuLed to a ch3iige in ihe levels of reserves It is felt the excess of reserves over 36 mor)ths is 27

Archdiocese of Livei-pool RepoL't of thi, Triistees FOL. tlie yeai. elided 31 Deceinber 2023 accepiable in the shorl 10 med ium term. The truslee5' expectations in respect of the desired levels of reseNes in the longer ierm remain realistic. Freely available reserves.. 2023 £OOOs 1,520 94,169 2022 £OOOs 5,910 89,859 Unresiricted resenles Curial Unrestricted reserves Parochial Less.. Tangible 3ssets Curial Tangible assets Parochial Freely available reserves 135,0521 137,4501 23,187 {17,9191 {33,9971 43,853 Unresiricted expenditure Curial Unresiricted expendiiure Parochial Total unrestricied expenditure Monihly expenditure Months of freely available reserves 11,QQO 13,932 24,932 2,078 10,470 11,194 21,664 1,805 24 The level of net curreni asset5 held by Ihe archdiocese amounted to £5.3M (2022.. £16.92MI and represents 2.56 months (2022.. 6.99 months) of expendiiure on 31 December 2023, which is somewhat less than the trusiees consider appropriate. Taking into consideration the specific demands i n respect of designated funds set aside by the trustees for specific purposes, the trustees consider any meaningful targei for reserves 10 meet general expenditure should exclude these funds. A iarget level of reserves of between 24 and 30 Inonths expenditure, while preserving liquidity wich net current assets of beiween 4 and 6 months expenditure, is considered appropriaie. The archdiocese held 11 months of freely available reseNes at 31 December 2023 {2022'. 24 months). The trustees continue to include consideration of reseNes, and the level of net current assets on Ihe schedLile of risks which is reviewed regularly. Going concern In preparing the financial statemenis, the trustees are required Lo prepare Ihe financial staiements on the going concern basis unless it is inappropriaie ro assume that the charity will coniinue in opei-ation. In satisfaction of Ihis responsibility Ihe trustees have considered Ihe charills ability to meet ils liabiliiies as Ihey fall due for a per-iod of ai leasi 12 months fi-om the signing dale of the finaiicial staiements. 28

Archdiocese of Liverpool Rl'port of the Ti'Ll8tees For tlie year eiiLled 31 December 2023 The trustees conclude Ihat it remains appropriaie to prepare Ihe financial statements on a going concern basis. Volunteers The trustees 3cknowledge the hard work of so many volunieers in our parishes who help in financial and properly administration and also Ihose who are involved in a variety of roles that 3SSiSl in Ihe life and seriice of Ihe Cliurch and trust and the wider society. They wish 10 thank Ihem all for all their hard work and dedicated coinmitffleni to Ihese aspecis of the life of Ihe Church. The monetary value of Ihe volunteers, time is impossible 10 quantify. In summary, the overall picture is one of consolidation and improvement of exisiing resources. The truscee£ are determined in response to archdiocesan needs and priorities to preserve Ihe level of reserves and maintain commitments 10 existing services, whilsi also being able to periodic311y consider new initiatives in line wich Ihe pastoral plan. 29

Archdiocebe ok Livei'pool Report of the Trustees For the yecir ended 31 DeceiiibeL 2023 Auditor In respect of each Irustee a( the dale the trustees report is signed.. So far as we are aware, there is no informacion needed by the chariLy'S audiior in connection wich preparing their repori (relevant audit information) of which they are unaware, and As the trusrees of Ihe charity, we have taken all the steps that we oughl Lo have iaken in order to make ourselves aware of any relevanc audii informarion and co esiablish Ihat the chari15ls audiiof 15 aware of that information. Signed on behalf of the Irustees. Rev Graeme Dunne 3June 2025 30

Archdiocese of LivLJi'pool Stateinent ()E TriLStees' Responsibilities For tlie year eiiLleLI 31 Deceinber 2023 Statement of Trustees. Responsibilities The Irustees are responsible for preparing the Report of the Trusiees and the financial statements in accordance with applicable law and regulation5. Charity law requires (he trustees to prepare financial statemenis for each financial year in accordance with United Kingdom Generally Accepied Accounting Practice (United Kingdom Accounting Standards and applicable lawl. Under chariiy law Ihe trusiees must not approve Ihe financial statemenis unless they are saiisfied that they give a true and fair view of Ihe state of affairs of the grotjp and chariiy and of the incoming resources and application of resources, including Ihe income and expenditure, of Ihe group and charity for that period. In preparing these financial statemenis, the trustees are reqLiired to.. seleci suitable accounling policies and Ihen apply Ihem consistently. make judgemenis and accounting estimates thai are reasonable and prudeni. stare whether applicable UK Accounting Standards have been followed, subject 10 any materia1 departures disclosed and explained in Ihe financial statements. prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will coniinue in business. The trustees are responsible for l<eeping adequate accounting records that are sufficient to show and explain Ihe chari(y'S transactions and disclose with reasonable accuracy at any time the financial position of the chariLy and enable them 10 ensure thai Ihe financial staiements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and heiice for taking reasonable sleps for Ihe prevention and deteciion of fraud and othei- irregularities. Financial statemenis ar-e published on the charity's website in accordance wiih le(5isl3tion in the United Kingdom governing the preparation and dissemination of financial staiements, which may vary from legislaiion in other jurisdictions. The maintenance and integrily of the charity's website is the responsibiliiy of the trustees. The trustees, responsibiliiy also extends to tlie oiigoing integrity of Ilie financial statements coniained Lherein. 31

Archdiocebe OE Livei'pool liidepeiidL'Llt Aiiditoi s Ileport to tlie Triistees Foi. tlie year ended 31 Decenibei. 2023 Independent Auditor's Report to the Trustees of the Archdiocese of Liverpool Opinion on the financial statements We have audiced Ihe financial statements of the Archdiocese of Liverpool for Ihe year ended 31 December 2023 which comprise the consolidaied and charity 5taiement of financial activities, the consolidated and chariiy balance sheei, the consolidated Cash flow statement and noies to the financial siatemen(s, including a summary of significant accounting policies. The financial reporting framework that has been applied in Iheir preparation is applicable law and Uniied Kingdom Accouniing Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in Ihe UK and Republic of Ireland (United Kingdom Generally Accepied Accouncing Practice). In our opinion, Ihe financial statements.. give a true and fair view of the state of the group's and of the parent Charit515 affairs as at 31 December 2023 and of the group's nei movement in funds for the year then ended., have been properly prepared in accordance with Uniied Kingdom Generally Accepted Accounting Praciice,. and have been prepared in accordance with the requirements of the Charities Aci 2011. Basis for opinion We have been appointed as 3udiior under section 144 of the Charities Act 2011 and report in 3ccordance with the Act and relevani regulations made or h3ving effect Ihereunder. We conducted our audii in accordance wiih Internaiional Standards on Auditing IUKI (15As IUKII and applicable 13w. Our responsibiliiies under tliose s(andards are fLirther described i n Ihe Auditor's responsibilities for the audit of Ihe financial siatemenis section of our- report. We are independeni of the charity and group in accorclance with Ihe ethical i-eqLiirements that ar-e relevant to our audit of the financial statements in the Ul<, including the FRC'5 Etliical 51andard, and we have fulfilled our other ethical responsibilities in accoi dance wilh these I'equii-ements, We 22

Archdic)cese of Livei'pool liidept'iident AiiditOi'5 Report to tlie Trustees Foi tlie year enLled 31 December 2023 believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions related to going concern In èuditing the financial statements, we have concluded Ihat the Trusiees, use of Ihe going concern basis of accounting in the preparaiion of the financial statemenis is appropriaie, Based on the worl< we have performed, we have not iderncified any maierial unceriainties relating to evenis or conditions that, individua11y or collectively, fflay cast significant doubt on the Group and the Parent Chari(Is abiliiy lo coniinue as a going concern for a period of ai le35t Iwelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Trusiees wilh respect to going concern are described in the relevant seciions of this report. Other information The TrLlStees are responsible for Ihe other information. The oiher information comprises Ihe information included in the Annual Report, other Ihan the financial statements and our 3uditor's report Ihereon. Our opinion on Ihe financial statements does not cover Ihe oiher informaiion and, except 10 the extent oiherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider wheiher the other informatioii is mBterially inconsisteni with the financial staiements, or our knowledge obiained in the audit or othei-wise appears to be materially misstated. If we identify such material inconsisiencies or appareni material misstatements, we are required 10 deiermine whether Ihere is a material misstaiement in the financial statements themselves. If, based on Ihe work we have performed, we conclude Ihat there is a maierial misstatement of this other inlormaiion, we are required to report thai fact, We have nothing to report in Ihis regard. 33

Ai'chdiocebe of Livei'p()ol idepeiideiit ALiditi)1'8 Report to tht Trustees Foi tlie year ended 31 Deceinber 2023 Matters on which we are required to report by exception We have nothing to report in respect of Ihe following matters in relaiion 10 which the Charities {AccounLs and Reports) Regulations 2008 requires us 10 report 10 you if, in our opinion,. adequate accounting records have not been kepi by the Parent Charity., or the Pareni Charity financial statemenls are noi in agreemeni with the accounting records and returns,. or we have not received all Ihe information and explanations we require for our audil. Responsibilities of Trustees As explained more fully in the statement of trustees, responsibilities, the Ti-usiees are responsible for the preparation of the financial statements and for being satisfied thai Ihey give a true and fair view, and for such internal control as the Trustees deiermine is necessary to enable the preparation of financial statements that are free from material misstatement, wheiher due 10 fraud or error. I n preparing the financial statements, Ihe Trustees 3re responsible for assessing the Group's and the Parent Charitfs ability 10 continue as a going concern, disclosing, as applicable, matters relaied to goi ng concern and using the going concern basis of accounting unless the Trustees either intend to liquidate Ihe Group or Ihe parent Charity 01- to cease operations, or have no realislic alternative but 10 do so. Auditor's responsibilities for the audit of the financial statements Our objectives al-e to obtain reasonable assurance aboui whether Ihe financial Statemenis as a whole are free from material mi55tatement, whether clue to fraud or error, and 10 issue on auditor's repoi-t that includes our opinion. Reasonable assurance is 3 high level of assurance bui is not a guarantee Ih31 an aLidii conducied in accordance with ISAS (UK) will always delect a malerial rnissiaiement when il exists. Misstatements can arise from fraud or error and are considered maierial if, individually or in Ihe ag81-egate, they could reasonably be expecied to influence Ihe economic decisions of users taken on the basis of these financial statements. 34

Ai-chdiocese of LiveryiLioI ILIL1tpitbiideiit Aiidit()I'% Re)kic)rt lo tlie TILI.sle<s Foi" tlie yecli. eiideLI 31 DeieiiibLI' 2023 Irregularities, including fraud, are instances of r)on-compliaiice ￿lI[h laws and regijlaiions. We design pi-ocedures in line with oui- responsibilities, Oljtlined above, to delect matei-ial missiatements in respeci of irregularities, including fraud. Ttrie exteni 10 which our proceclui-es 3re capable ol deieiting iri-egulariiies, including fr31JcI is cleLai led belowi.. 8a5ed on our undersianding of the groLlP ancl Lhe eniiironnient in which li operaies, we ideniified Ihai Ihe prinrip31 risks of noii-coinpliance wilh law5 and re￿li13[10ns relaied 10 Canon Lawi, employineni law, £afegu3rding regulations ancl Charity Lavi, and we considered Ihe extent to which non-coinpliance mighi have a maierial effect ori the financi31 staiemeiit5. We also con£idered Ihose laws and regulaiions Iliat have a direri i mpaci on the prepai-ation ol Ihe finaniial sialemenis such as Chariiies Aci 201 '[ and Char-ities 50RP. We evaluated maiia¢Temerii's inceniives and opporiuniiies for fraudulent manipulation of the finaiicial sEatemenis liiicl ucliiig Ihe r-isk of override of coiitrolsl. Audii procedures perlormecl by the enLFacFemeni ieam includecl,. Review of minuies of meeting of Ihose charged willi govei-nance for any instanoes of rion-compliance witli laws and regul¢iiions,' Review of correspondence with regulatory and tax OLiihoriiies for 3ny inslances of non-compliance with law5 and regulations,, Review of financial srateineni disclosLires and a2reeincp 10 supporting docuinenialion., and RevieiN of legcil expendiiLlI-e accouiits 10 Linderstand the natur'e of expenditure incuri-ed. Teslina a sample oi loui iial entries througl)oul Ihe year, which met a defined ris1< criter-ia, by agreeing 10 supporii ng docLimenlaiion, Assessinis sifjriificaiii estiinates Inade b5f Inan3Q5emeni for bias,. and Testi ng a sa Imple of Iiiiome thi-oughoui Ihe year 10 supporliiig docLimentaiion. Because of the Inhei-ent limilaiions of aÈi audii, there is è ris1< Ihat we will noc delect all irreLFul31-ities, iiiclLiding tliose leadino 10 a material misstatemeiic iii tlie finaiici31 siatemenis or non-coinpliance with regulation. This i-isk inci-eases tlie niore (hat conipliance with a law or reoLilhCion is reniovecl frorn Ihe eveiit5 and Ii-ansacEions reflected in tlie fiiiancial staceiiienis, as we will be less lil<ely to becoime awai-e ol instances of non-corripliance. The I'isl< is also gi'eaiei i-egai-ding irre(JLI larities occurrino due to fraud 1-3thei- Iliaii ei-roi-, as Iraud involves I iiteiit101131 coiicealimeiit, forgery, colli.Ision, oiiiission 01- IMisi-epre5entaiion. 35

Ai'chdiocese of LivL)i'pool liidepindent Aiiditor's Ileport to the Triistees Foi the yec1r eiiLled 31 December 2023 A furiher description of our responsibilities for the audit of the financial staiemenis is locaied ai Ihe Financial Reporting Council's I"FRC's'l websiie at. https'.l/vMw.frc.org.u k/aud iiorsresponsibilities. This description forms parc of our audiior's report. Use of our report Thi5 report is made solely to the Charit5/s Irustees, as a body, in accordance with Part 4 of the Charities (Accounis and Reports) Regulations 2008seciion 144 of the Charities Act 2011 and regulations m3de under seciion 154 of that aci . Our audic work has been undertaken so that we might st3ie to the Ch3ritls Irusiees Ihose matiers we are required to state to them in an audiiorfs repori and for no other purpose. To the fullest exteni permitted by law, we do not accepi or 35sume responsibility to anyone other than Ihe Chariiy and the Charit515 trusiees as a body, for our audit work, for Ihis report, or for the opinions we have formed. HaysM3c LLP 10 Queen Street Place Statutory Auditors London Date.. 5 June 2025 EC4R 1AG Haysmac LLP is eligible to act as an auditor in terms of section 1212 of the Comp3nies Act 2006 36

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Archdiocese of Liverpool Consolidated Balance Sheet At 31 December 2023 Notes Parochial Curlal 2023 £000'5 Total 2023 £OOO's Parochlal 2022 £OOO's Total 2022 £000'5 2023 £000'5 2022 £OOO's FIXED ASSETS Tanglble a55ets ProperLy, plani and equipment 11.657 16,358 27,815 12,371 15.580 27.951 Investmen¢5 Listed irive5trnents Inve5tmenr propertles Total Inve5tment5 12.1 60,974 25,793 74,348 18,894 135,322 44.687 56.042 21,626 72,449 16.673 128,491 313,299 12A 86.767 93,242 180,009 77.668 89.122 166,790 Total Flxed Assets 98,424 109.400 207,824 90,039 104,702 194.741 CURRENT ASSETS stock 228 228 254 254 Debtor5 due within one year Balance at bank 13 3,253 15.758 2.761 1,993 4,982 6,014 17,751 23.993 3,081 16,026 1,361 10.526 4,442 26,552 31.248 current a55ets 19,011 19,107 12,141 LIABILITIE5 Creditors- amounts falling due wlthln one year Inter designatlon balances 14 17,5901 118,6651 19,6351 14,6921 114,3271 1.21 2,532 12,5321 8,083 18.0831 CUr￿n¢ IIHbllltles 18,5431 110,1221 118.6651 11,5521 112,7751 114,3271 NET CURRENfASSETSIILIABILITIES) 10,468 15,1401 5,328 17,555 16341 16,921 NET ASSETS 108,892 104.260 213,152 107.594 104.068 211,662 ACCUMULATED FUNDS Restricted funds 15 14,678 15,195 29,873 17,690 14,793 32.483 Unrestricted funds Designated General 16 45 87,545 1,520 87,590 95.689 45 83,365 5,910 83.410 95.769 94,169 89,859 10B,892 104,260 213,152 107,594 104,068 211,662 Tho fin3ncial statements were approvod and authorised for issue by the trustees on 3Jun@ 2025 and signed on their behalf by Rev Canon Aldan Prescott Trustee The notes on pages 44 to 85 form part of these account5. 41

Archdiocese of Liverpool Charity Balance Sheet At 31 December 2023 Note5 Parochlal 2023 £OOO's Curlal 2023 £000'5 Total 2023 EODO'S Parochial 2022 £OOO's Total 2022 £OOO's 2022 £OOO's FIXED ASSETS Tanglble assets Property, plarit and equlpment 11.2 11,657 4,212 15,869 12.371 4.335 16,706 Investments Llsted Inveslments 12.2 60,974 73A34 124,408 56.042 68,093 124.135 Invesiment in group underiaklng5 Investment prtsperties Yotal investments 12.3 22.559 21559 22,558 15,083 22,SS8 36,709 12.5 25,793 18,894 44,687 21,626 86,767 114,887 201.654 77,6E8 105,734 183,402 Total FIKed Assets 98,424 119,099 217.523 90,039 110.069 200,108 CURRENT ASSETS Debtor5 Debtors- due within one year 13 3,253 973 4,226 3,081 706 3.787 Balance at bank 15,758 18.431 34189 16,026 21.749 37,775 Current as5etS 19.011 19.404 38,415 19,107 22,455 41,562 LIABILITIES Credltors Creditors- amount5 falling due wlthln one year lfiter deslgnatlon balances Currènt Ilabllitles 14 111,0751 11,9541 113,0291 19,6351 111,0561 1.21 2,532 121,5741 123,5281 119,0421 1310711 8,083 11,5521 123,0751 124,4961 114.9921 126.0481 18,5431 NET CURRENT ASSETS 10,468 14.1241 6,344 17,555 12.0411 15,514 NET ASSETS 108,892 114,975 223.867 107,594 108,028 215.622 ACCUMULATEDFUNDS Restriited fund5 15 14,678 15,198 29,876 17.690 14.574 32,264 Unre5trlcted funds Oesignated General 16 45 87,044 12,733 114,975 87,089 45 83.033 83,078 100.280 215.622 94,169 108,892 106,902 223,867 89,859 107.594 10,421 108,028 The financial statements were approved and authorised for issue by the IrLJStees on 3 JLJne 2025 and signed on their behalf by Rev Canon ￿dan Prescott Trustee The notes on pages 44 to 85 form part of these accounts. 42

Aichdiocese of Liverpool Consolidated ca.sh Flow Stateinent For tlie Yecir Elided 31 Deceiiiber 21123 2023 £'OOOs 2022 £'0005 cash flows frorn operatln8 activitle5 Net movement in funds Adju5tmenis for.. Deprei¢ation, impairment. and 3rnoriisation i)f fixèd asset5 Donation of prope Nei inteiest receivable Dlvldend Income from flxed and current asset investments Dlfference beiween net pÈnslon exponse and cash iontrlbuiio Ilnireasel in trade and other debtor5 Ilncreasel/decrea5e in stocks Increase Sn trade and other creditors IG&insl on ￿valuation of iTrvestmÈnt properties IGalnsV1055os on revaluation Df investments ofiton disposal of asser5 1,490 17,5541 1,255 300 1.197 12871 12071 12,7581 16011 13,0921 11,5621 26 1321 1,372 16.0211 10.650 4,334 15,8881 NÈt cash outllowfrom operatln8 activltles 110,4941 14,2531 Cash flow5 from investlng a¢tlvltles ProceÈds from sale of iangible fixeLI 355ets Purchases af tangible fixed assets IntÈre5t received Dividend5 r¥Èlved on fixed a55et investments 278 830 601 207 1,744 395 1069 355 Proceeds from Sale of Invesiments Net cash from investlng activltles 1,693 2,148 Cash flows from financin8 aCtlvltle5 loan repayments 11,7001 Net cash outflow from fina￿£1￿8 11,7001 Net decrease in cash and cash equivalent5 Cash and cash equivalents at beginning of year 13,8051 30.357 26.552 Cash 8nrJ cash equfvalent5 atend of year 17.751 26.552 cash and cash equlvalents compri5e'. C85h at bank Jnd in hand 17,751 26,552 Analysls otchanges in net debt At 1 January 2023 Cashflow5 Other non-cash At31 December tn¥vements 2023 Cash at bank arjd hand Debt due wlthln one year 26,552 18,8011 17,751 Total 26.552 17,751 43

Ai'chdiocese of Livei'pool Notes and AccoiiiitlLig Policies FOT tlie Ye¢1r Elided 3.1 Deceiiibei 2023 PRINCIPAL ACCOUNTING POLICIES Charity Information The Archdiocese of Liverpool is a charitable incorporated organisation registered in England and Wales Ichariiy Number11997141. The registered office is stated on Ehe reference and adminisirative details page and the principal objective and actroity of the charity is sr3ted in the Report of the Truslees. Basis of preparatlon The financial statements have been prepared undor the historical cost convention, with the exception of invesiments and investment properties which are included at fair value. The financial 5taiements have been prepared in accordance with the St3tement of Recommended Praclice1SORPI applicable to chariries preparing their accounts in accordance with the Financial Reporting Standard (Charities SORP IFRS 10211, the Charifie5 Act 2011 and applicable reporting standard5. The Archdiocese of Liverpool meets the definition of a public benefit enliiy under FRS 102. The accounts are presented in sterling and are rounded to rhe nearest El,000. 1.3 Golng Concern In preparing these fin8nciol slaiemenis, the trustees are required to prepare the financial statements on rhe going concern basis unless it is inappropriate to assume that the charity will concinue in operation. In 5at15faction of thi5 responsibility the Iruslees have considered the chari¢is ability to meet lis liabilities as they fall due for a period of ac le3St 12 months from the signing date of the financial statemenrs. On 201uly 2022, a Charitable Incorporated Qrganisation,'Archdiocese of Liverpool'was registered with the Charity Commission. The net assets and undertakings of the Liverpool Roman Caiholic Archdiocesan Trust were Iransferred to the new entity. chariry number 1199714, on l January 2023. The new Charitable Incorporated Organisation became the new reporting enlily frotn the accounting period I january 10 31 December 2023 and will continue 10 accountfor all aitivities of the Liverpool Rotnan Catholic Aichdiocesan TrLJSt. The charity continues to collect legacies, donation5 and any other income due to it and tiansferred assets and Siabiliiies to the new charity under the Chariiy Commission order dated 5 December 2022 which also auihorises tho granring of an indemni(y by the new charity under section 105 of the Charities Act 2011 to settle Iièbilities properly incurred. Nel assots were transferred to the Archdiocese of Liverpool wiihout impairment as the core objectives and activities remain consisrent with the archdiocesan trust. The Chariiy Comrnission has categorised the archdiocesan Irust as a linked charity of rhe Archdiocese of Liverpool Charitable Incorporated Or83nisaiion. The rrustees conclude that il remains appropriate to prepare the financial Statements on a going concern basis. 1.4 Basls of con501idatlon The con501idated financial statements include those of the subsidiary undertakings, as shown In note 21. which re con501id3ted on a line-by-line basis using appropriate headings for those subsidiaries which prepare their accounts under the Companie5 Act or SORP formats. The consolidèced accounts also inilude the net assers and transacrions of other charities under the control of the charity. The accounts do not include Ihè net assets and results of connected charities as these entities are not under the control of the trustees. The charity has taken advantage of the exemption from preparing a charity cash flow statement. 1.5 Income Income is included in the Statement of Financial Acrivities once the charity has enriilement to the income, it is probable that the incotne will be received, and the amount of Income receivable can be measurecl reliably. Income from Irèding activities is included in the period that (he relevant services are prowded, or goods supplied.

Arclidiocese of Livei'pc)ol Notes ¢md Accolintirig Policies For tlie Year Elided 31 Decenibel 2023 Legacies and donaiions are recogni5ed when receipt is probable, the archdiocose becomes legally entitled to them and they can be measured in financial ierms with sufficient reliability. Collection5 and fundraising income are recognised on receipt. Investment income, which includes rental income. is recognisod when receivable. Grants receivable are inclLJded in the Statement of Financial Acliviries 35 soon as che conditions 3tlaching to the grant are satisfied. Grants are mainly in relation to capiral project5. 1ncluded within the grants figure on the siatemenl of financial activities is £12,862K 12022.. £11,625KI in relation to VASCA IVoluntary-Aided Schools Condition AIIocaEionl gr8nt5 from the Deparrmeni for Education. The charity receives subsrantial voluntary help in the work of the archdiocese, bur it is not Possible to place 3 financial value on this work and no amounts are therefore included in the financial 5talements for the value of services donated by volunteers. Gifts of fixed assets are included 31 valuation and the corresponding entry is recorded as donation income. 1.6 Expendltu Expenditure is Included in the Statement of Financial Activitie5 on the accruals basis. These are based on the amounts payable for work done or sen/ice5 provided in the year inclusive Of irrecoverable VAT. Costs of ralsSng funds Costs of raising fLinds comprise5 311 cosis relating to attracting voluntary income, the c05t5 incurred in subsidiary trading and Investment management fees. Charltable actsmties Expenditure on charitable activities include5 the costs Ideniified a5 wholly or mainly aiiributable to 3chievin8 the charitable obieciives of the charity, including direct staff costs and other direct cost5 as well as support costs and cosis relating 10 the governance of Ihe chBrity apportioned to charilable activities. Governance costs Governance costs are those c05t5 related to the governance of the charity, to allow it to operaie, and to generBte information for public accountabilicy. Direct cosis include audit and accountancy, leg81 advice to tIU5tees and costs of trustees, meeiings. Support costs All support Costs are borne by ceniral funds and have been 8pporiioned to governance cosrs and charitable aciivities. The share of SLJpport costs 3ttributèble to governance reflects costs incurred in the preparation of the staiutory accounis and the remaining cos(s have been allocated pro-rata based upon Ihe charitable activiry's sh8re of ceniral expendiiure. 1.7 Investments and investment galns and losses Investments and investrr.ent properties are included in the financial statements at fair value at the balance sheet ate. Investment properties are vèlued internally annually and are professionally va14Jed on 3 rollin8 basis as part of a live-year programme. Listed investments are included in the balance sheet at bid price. Realised and unre31ised gains and losses on invesiments and investment properties are chargedlcredited to the Sratement of Financial Activi(ies. Unrealised gains and1055es are calculated as the movement In fair value during the year. Realised gains are calculated as the difference be￿een disposal proceeds and marker valL)e brou8ht forward. 45

ArclidioLese OE LiveJ'pool Notes Accoilliting PolÉcies For the Yeic r Elided 31 Deceiiibei 2023 1.8 Tanglb1e fixed assets - otherthan propety The cost of cornputer equipment, office equipment and fixtures and fittings is capitali5ed and depreciation is provided to wriie off the origin31 cosr, less any estimated residual value, over the expected useful life of the assets concerned. The rates of deprecia(ion applied are as foll0v￿.. 96 of cost per annum 25 Computer equipment Office equipment and fixtures and fittings 20 Suitable capit31isaiion thresholds are adopted In the entities comprising the archdiocese. 1.9 Tangble fixed assets- Functlonal church propety Prior to 31 Decernber 1997 c3pital expenditure on functional church property was writien off in full as incurred. At 31 December 1997 the trustee5 considered that a reasonable approximation of the net book value of the function31 church property held would be established by discountingthe insurance values of those assets by 9D%. This was the policy employed to include these assets on Ihe balance sheet at estirnated hisiorical cosi nei of accurnul3ted depreciation. From 1 january 1998 to 31 Decomber 2008 the cost of function21 church property was capitalised and depreciated over its expected useful life of 20 years. From 2009 listed properties and other functional church properties have been depreciated over useful economic lives of 100 years 3nd 50 years respectively. Commercial propenies are considered to have useful economic lives of 20 years. From 1 january 2019 parochial funcrion31 property is depreciated by component over the remaining expecied Useful life of the indpiidual component as set out boli)w. Bulldlng component of Average rernalnlng life Expected useful ]￿e C05t in 2023 30q6 22 50% 97 Roof Wa11s, foundations Windows 75 100 50 Heating insiallations Interior Electrical installations Works of arL treasures and plate are not capitalised in Ihese accounts as they are historic, have extraordinarily long lives and are worth pre5erwng in porpetuity. They are heritage assets for the purposes Of Charities SORP IFRS 1021. The trustees consider that it would be prejudicial to rhe safe CLJStody of these assets to disclose details of their values and usage in the 8ccounrs. 20 20 20 596 Where functional church property is no longer operational, impairmenr 15 fully recognised unless there is an investment value, in which case the property is transferred to investrnent properrie5. 1.1 OTan8ible fixed assets - School propety The freehold of the land and bLJildings legally owned by the archdiocese 3nd occupied rent- free on behalf Of the trustees of the governing bodies of catholic voluntary aided schools, which are separaie chariries and publicty funded, are valued ai £Nil. The trustees consider that no meaningFul value can be attributed to these assets, since they are noc used directly by the archdiocese, do noi generate income, and cannot be clisposed of in the open market or put to alternative use while such occupation, which may be indefinite, continues. 46

Ai'Llidioceso OE Livei'pool Notes £iiid AcLDlUltiiitr Polic.ies For tlie Ye<ll' Elided 31 Deceinber 21)23 1.11 Impalrment The carrying bmounis of the archdiocese's fixed a55ets ore reiaewed at each ba13nce sheet dale to detèrmine wheiher there is any indication ol impairment. If any such indication exisis, Ihe asset's recoverable amount is estimated. An impairment loss is recognised wherever the iarrying amount of an assei exceeds its recoverable arnount and is recognised in the Consolidated Siaiement of Financial Activitie5. 1.12 Stocks Stocks aro Stated at the lower of cosi and net realisable value. 1.13 Penslon Scheme The charity and eligible employees make defined contributions to a gr0￿p personal pension scheme. Coniributions are also paid to the Teachers, Pension Superannuation Fund ITPSI, a defsned benefit scheme, on which further informarion 15 given in note 21 to the financial slateThents. As the TPS 15 a mulli-employer scheme with asseis and liabilities that cannot be separated, contributions payable are char8ed as Resources Expended in the CDn501idatecl Statemeni of Financial Activities. 1.140peratlng leases Operatipg leoses respect of equipment are charged as resources expended in equal annual instalnienls over the period of the lease. Such operating leases mainly relate to parishes and parish centres. Rentals receivable under operaiing leases are recognised on a straight-line basis over the period ol lease terrn. 1.15 Flnancial Instruments The charity only enters into basic financial instruments transèctions that result in the recogniiiorb of financial assets and liabiliiies like rrade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-putlable ordinary shares. Debt in5trurnents (other than those wholly repèyable or receivable within one yearl, including loan5 and other account5 receivable and payable, are Initially ITledsured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt Instruments thai are payable or recoivable within one year, typically trade payables or receivables, are measured, initially and subsequenily, at the undiscounted amount of the cash or other consideraiion, experted to be paid or received. However if the arrangements of a short-term irbstrument constitute 3 financing transaction, like Ihe payrnent of a trade debt deferred beyond normal business ierms or financed at a rate of interest that is not a market rate or in case of èn out-right 5horc-ierm loan not at market rate, the financial asset or liabiliry is moasured, iniiially, at the preser)t value of the fu(ure cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amDfiised cost. Financial assers that are measured at cost and amortised cost are assessed at the end of each reporting period for objective eviderrce of impairmenr. If objective evidence Df ifflpairfnent is found, an impairmeni loss is recogni5ed in the Statement of Financial Activities. For financial asseis measured at amortised cost. the impairment loss is measured as the difference botrween an a5set'5 carrying amoLJnt and ihe present value of estimated cash flows discounted ar Ihe asset'5 original effective interest rate. If a finèncial asset has a variable interest rate, the discount rate for measuring any impairment loss is ihe current effective interest rale determined under the contract. For financial assets me8sLJred at cost loss impairment, the irnpairmenr loss is mea5LJred as the difference between an a55et's carrying amount and best estimate, which approximates to the atnount that the charity would receive for the asset if it were lo be 501d at rhe reporting date. Financial a£5et5 and liabilities are offset, and the nel amount reported in the Balance Shoel when there is an enforceable righi io set Dff the reiognised amounrs and there is an intention to Settle on a net basis or to realise the asset and settle the liability 5imulianeotys1y, 47

Archdiocese of Liverpool Notes and Accuiiiiting Policiès For tlie Yeai Elided 31 Deceniber 2J23 1.16 Recognltlon of Ilabllltles Liabilities are recognised as soon a5 there is a legal or constructive obligation committing the archdiocese to pay our resources. 1.17 Cash and cash equlvalents Cash and cash eouivalenis are those associated with the cash management of the archdioceso. To facilitate the effective operation of the archdiocesan Investmenr porrlolio, some liquid a55ets are held by investment managors. These atnounts are not considered to be cash and cash equivalents in the financial statetnents. 1.18 Fund accountlng The funds within the archdiocese are split between Curial and Parochial. Curial Funds can be used acros5 the whole of the archd10cese whercès Parochial Funds comprise funds relating to the indiiqdual parishes. These funds are shown separately and subdivided in the financial statements as follows. Re5trlcted funds Restricted fund5 are funds that are used in accordance with specific restrictions imposed by donors or thai have been raised by the charity for particular purposes. The c05t5 of raising and adminisiering Such funds are charged against the specific fund. Details of the resiricted funds held are provided in note 15 to the financial statements. Unrestrltted funds- Desl8nated Designated funds are unrestricted funds that have been set aside by the trustee5 for specific purposes and are detailed in note 16 to the financial statements. Unrestrltted funds- General Unrestricted funds are fund5 which are available for use at the discretion of the trustees in furtherance of the objecrs of the chariiy and which have not been designated for other puip05es. 1.19A8encyarrangements The archdiocese acts as agent in (he collection of grants from government, local authoritie5 and other funds, and payment of approved invoices for school building projert5 on behalf of Catholic schools in the archdiocese. This ncome and expenditure are excluded from the incorne and expenditure of the charity and any balances due from or held on behalf of schools are shown within debtors and creditors. Voluntary-Aided Schools Condition Allocation {v￿(Al grants and the associated allocation to individual school projects are recognised as income and expendiiure ès the archdiocese is not considered an agent of (he Department of Education in this respect. See note 23. 1.20 Current and deferred ￿xa￿OI) The lax expense for the year comprisos currenc and deferred tax. Tax is recogrTrised in the Statement of Financi31 Aclivirie5. Deferred tax balances are reco8nised in respect of all liming differences that have originated but not reversed by the 8alancÈ Sheet date, except Ihat.. The recognition of deferred tax assets is limitod to rhe extent that it is probable that they will be rècovered againsr Ihe reversèl of deferred lax liabilities or other future taxable proflt5', and Any deferred tax balances are reveised if and when all condiiions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in re5pecr of permanent differences. 1.21 Inter deslgnation balan￿S Inter designation balances represent financi31 interdepondencies and interacrions between dedica(ed funds and other operating units of (he charity.

Aichdiocese ot Livei'pool Notes and Accounting Policies For the Yetir Elided 31 Deceinbei 2023 2 KEY EsfiMATES ANDJUDGEMENTS In preparing these financial statements, Ihe trustees have had to make the following judgement5.' Determine whether leases eniered into by the group either as a lessor or a le5sÈe are c)perating or finance lÈa5es. These decisions depend on an assessmenr of whether the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease-by-lease basi5. Determine whether there are indicators of impairmenc of the group's tangible assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where il is a component of a larger cash-generating unit, the wability and expected future performance of that unit. Determine wheiher there are indicaiors of impairfflent in the carrying value of investmonts in subsidiary underlak1ngs. Factor5 taken into consideration in reaching such a decision include the economic viability and expected future income generating potential of the subsidiary entity. Othèr key sources of estimation uncertainty-. Tangible fixed assets Isee note 111 Tangible fixed assets, Diher than investments properties, are depreciated over their useful lives considering re51dual values, where appropriète. The actual lives of the asset5 and residual values are assessed annually and may vary depending on several factors. In re-assessing asset lives, factor5 such Bs technologic31 innovaiion, product life cycles and maintenance programmes are considered. Residual value assessments consider issues such as fuiure market conditions, the remaining life of the asset and projecied disposal values. Investment propertlQ5 are valued internally annually and ère professionally valued on a rolllng basis as part of a five-yoBr programme. Valuations are made considering periodic external valuatiOn5, derived from current rnarket rents and property yields for compar8ble real estate, adjusted, if necessary, for any difference in nature, location, or condition. judgement is required in assessing the appropriateness of Ihe a5SUmPtion5 and methodology in determining the fair valuè of investment properiies. Inve5ttnents (see note 121 Estim31es, a55UfflPtions, and judgments relate to the determination of carrying value of investments 31 fair value through thè Stat@menc of Financial Activities. the group follows the Iniernaiion31 Private Equity and Venture Capital Valuation Guideline5, applying thg. ove.rriding c.oncept that fair value is the amount fcTrr which an 35set can be exchanged between knowledgeable willing pailies In an arm's length transacrion. The nature, facts and circumstance5 of the investment drives tho valuation methodology. 49

Ai'LhdiDcese OE Livei'pool Notes and Accoilnting Policie5 For tlie Year EIiLled 31 December 2023 NCOME Unrestricted Deslgnated Restricted Funds Funds Funds £OOO's £OOO's £OOO's 2023 £OOO's 2022 £OOO's 3.1 Collections and donatlofts PAROCHIAL Group and Charlty Collectlons Donations Gift Aid rebates 5.531 2,115 579 1.031 6.562 2,644 579 6.018 2,915 791 529 8,225 529 1,031 9,785 9,724 CURIAL Group and Charlty Collections Donations 99 177 87 324 503 459 276 131 273 336 614 131 611 546 Less income from subsidiaries Charity 336 545 TOTAL- GROUP TOTAL- CHARITY 531 531 8,498 1.367 10,396 10,269 Total incoffte for the group from collection5 and donations was E10,399K 12022.. £10,270KI. The income comprised unrestricted income of £8,501 K12022'. £8,612KI, designated income of £531 K12022'. £444KI ènd restricted income of £1,367K12022.. £1,214KI. Toral income for the charity from collections and don3tion5 wa5 £10,396K12022.' £10,270KI. The income comprised unrestricted income of £8,498K12022.. £8,611 Kl, designated incotne of £531 K12022'. £444KI and restricced incoffle of £1,367K12022. £1,214KI. 50

Ai'clidiocebe ot Livei'pool Notes and Accounting Policies For tlie Ye<ir EIiLled 3.1 Deceiiiber 2023 3.2 Grants Unrestrlcted De51gnated Funds Fund5 £000'5 £OOO's Restricted Funds £OOO's 2023 £000'5 2022 £000'5 PAROCHIAL Group and Charity Voluntary-Aided Schools Condition Allocation Grants Other grants 48 12.417 12,465 12,862 12.417 12.465 12,862 CURIAL Group Other Less income from trading subsidiaries Charlty TOTAL- GROUP TOTAL- CHARITY 48 12,417 12,417 12,467 12,467 12,870 12,870 48 Total group grant income was £12,467K12022.. £12,870KI. Tho income comprised unrestricted incotne of £48K12022.. £Nill, designared income of £2K12022.. £8KI and re5trictcd income of £12,417K12022'. £12,862KI. Total chorily grant income wa5 £12,467K12022.. £12,870KI. The Income comprised unrestricted income of £48K12022-. £Nill, de5igTraled income of £2K12022.. E8KI and restricted income of £12,417K12022.. £12,862KI. 51

Ai'clidiocLbe LIE Livei'pool Notes and Accountiiitr FoliciLS Foi the Year Elided 31 Deceniber 2023 Fundralslng Unrestricted Designated Restricted Funds Funds Fun(Is £OOO's £OOO's £OOO's 2023 £000'5 2022 £OOO's PAROCHIAL Group and Charlty Parish events and other fundralslng activitie5 161 161 127 161 161 127 CURIAL Group Iniome from trading subsidlaries Other 9,011 9,011 8.884 9,018 9,018 8,896 Less iniome from trading subsidiaries charity 19,0111 {9,0111 18,8841 TOTAL- GROUP 9,179 168 9,179 168 9.023 139 TOTAL- CHARITY TotJl group fundraising income was £9,179K12022'. £9,023KI. The income comprised unrestricted income of £9,179K 12022.. £9,023KI Total charity fundraising income was £168K12022.. £139KI. The income comprised unre5Ericted incotne of £168K 12022.. E139KI.

Ai'chdiucese OE Liverpool Ni)tes aiid AccounEitig Policie For tlie Yecir &ided 31 Deceiiiber 2023 3.41nvestment Income Unrestrlcted Designated Funds Funds £OOO's £OOO's Restricted Funds £OOO's 2023 £000'5 2022 £OOO's PAROCHIAL Group and Charlty Iniome receivable from unilised portfolio Rents and other income 1,118 269 1,392 1,323 1.007 2,125 1,007 2,399 565 1,888 269 CURIAL Group Interest recelvable Income receivable from ullitised portfolio Rents and other income 601 1,384 601 1,700 207 176 140 1,435 304 335 639 466 480 2,320 140 2,940 2.108 Less Investment income from trading subsidiaries Charlty 11571 11 $71 11711 323 2,320 140 2.783 1,937 TOTAL- GROUP 2,605 2,589 145 5,339 3,996 TOTAL- CHARITY 2.448 2.589 145 5,182 3,825 Total group investment income was £5.354K12022.' £3,996KI. The income comprised unrestricted income of £2,605K 12022.. £2,078KI, designated income of £2,604K12022.. £1,7&4KI and restricted incomo of £145K12022.' £154KI. Total charity investment income was £5,197K12022-. £3,825KI. The income cornprised unrestricted income of £2,448K 12022.. EI,907KI, designared income of £2,604K12022.. £1,764KI and restricted income of £145K12022.. £154KI. 53

Ardidiocese of Liverpool Noles aiid Accoiuitiiig Policies For tlie Yeai. Elided 31 Deeeinbei 2023 4 INCOME FROM CHARITABLE ACTIVITIES Unrestricted Designated Funds Funds £000'5 EOOO'S Restricted Funds £OOO's 2023 £OOO's 2022 £OOO's PAROCHIAL Group and Charlty 87 87 95 Piety stall Newspapers 91 91 98 CURIAL Group and Charity Cemetery fees School Contribution Scheme Inspection fees and course income 261 261 313 319 280 313 106 106 83 76 294 370 Other 337 713 1,050 1,124 TOTAL- GROUP AND CHARITY 428 713 1,141 1.222 Total group and charity income from charitable activities was £1,141 K12022.' £1,222KI. The income comprised unrestricted income of £428K12022.. £478KI, designaied income of £713K12022.. £637KI and restricied income of £Nil12022.. £107KI. 54

Ardidiocese of Liverpool Notes aiid Accotiiitiiig Poliaes FOL the Yeai Ended 31 Deceriiber 2023 RAISING FUNDS Unrestricted Designated Funds Funds £OOO's £OOO's Restrlcted Funds £OOD's 2023 £OOO's 2022 £OOO's PAROCHIAL GrouD and Charltv Parish events and other fundraising activities 43 43 25 Invèstment management fees 131 32 164 155 174 32 207 180 CURIAL Group Expenditure by subsidiaries Other 8,565 136} 8,565 268 8,509 273 281 23 8,529 281 23 8,833 8.782 Less expenditure by subsidiaries Add impairment in value of 5ubsidlary company Charlty 18,5651 18,5651 18,5091 1361 281 23 268 273 TOTAL- GROUP TOTAL - CHARITY 8,703 138 313 313 24 24 9,040 475 8.962 453 Toial group expenditure on raising funds wa5 E9.040K 12022. £8,962KI. The @xpendilure comprised unresrricted expenditure of £8.746K12022'. £8,677KI, designated expenditure of £270K12022: £267KI and resiricied expenditure of E24K12022. £18KI. Total charity expendiiure on raising funds was £475K12022.. £453KI. The expenditure comprised unrestricted expenditure of £181 K12022.. £168KI, designated expenditure of £270K12022.. £267KI and iestricled expenditure of £24K12022.. £18KI. 55

Ardidioce5i) OE Livei'poul Notes <lnd Accoillil'iiig Policies For tlie YeLqr Elided 31 DeceinbeT 2023 EXPENDITURE ON CHARITABLE ACTIVITIES Unrestricted Deslgnated Funds Fund5 £000'5 £OOO's Restrlcted Funds £OOO's 2023 £OOO's 2022 £OOO's PAROCHIAL 6.1 Mlnistry Support Group and Charlty Clergy allowances Travel Supply Other 1,077 178 87 1.077 178 87 94 1,436 970 164 92 78 1,304 94 1.436 6.2 Pastoral and Communlty Group and Charity Diocesan and other collections Liturgical and pastoral costs Lay personnel costs Housekeeping and h05Pltality Printing, postage, stationery Equipment hiie Telephone Professional fees Other office Piety stall Newspapers Miscellaneou5 778 778 709 715 1,426 593 250 174 230 35 262 73 715 1,426 593 250 174 230 35 262 73 559 1.320 479 214 176 179 65 108 82 240 240 214 4,003 778 4,781 4,111 6.3 Education Group and Charlty School costs 1,622 15,654 17,276 12,603 6.4 Prov15i0n for worshlp Group and Charlty Repairs and maintenance Depreciation Heat and Ilght Insurance Council tax and water rates Grounds maintenance Net loss on disposal of assets 3,671 588 2.436 623 453 381 3,671 588 2,436 623 453 381 2,963 518 1,546 552 407 356 167 167 8,319 8,319 6.342 TOTAL PAROCHIAL- GROUP AND CHARITY 13,758 1,622 16,432 31,812 24,360 56

AiclidiocL.SL Ot LiveLpooI Notes ¢iiid AccoLinliiig Policies Foi thL Year Ended 31 Deceniber 9023 EXPENDITURE ON CHARITABLE Unrestricted Deslgnated Restrlcted ACTIVITIES (continued) Funds Funds Funds EOOO'S EOOO'S £OOO's 2023 £OOO's 2022 £OOO's CURIAL 6.1 Mlnlstry Support Group Cathedral Priests, Training Fund Retirement cost5 Permanent Diaconate Sabbatical fund Share of central support C05tS Other 53 53 254 47 219 579 57 254 770 110 770 110 20 210 311 269 335 269 335 53 1,484 254 1,791 1.443 Less other costs associated with subsidiaries Charity 53 1,484 254 1,791 1,442 6.2 Pastoral and Community Group Cathedral Cemeteries Curia Tribunal Pastoral Development Justice and Peace Youth Safeguarding National levies Chaplaincies EcumÈnlcal grants Share of central Support costs other 381 351 26 407 351 22 113 230 361 328 31 89 291 22 113 230 401 74 269 306 27 1,302 706 451 347 98 255 284 28 1,033 773 74 269 306 27 1.302 879 132 41 864 3,450 117 4,431 3,918 Less other costs associated with subsidiaries 11321 11321 11581 Charlty 732 3,450 117 4,299 3,760 57

Arclidiocebe ot Liveipool Note% atid AccoLlllting PoliciLS For tlie Yecir Elided 31 December 2023 EXPENDITURE ON CHARITABLE ACTIVITIES (continued) Unrestrltted Deslgnated Restrlcted Funds Funds Fund5 £OOO's £OOO's £OOO's 2023 £000'5 2022 £OOO's 6.3 Educatlon Group Educatlon Departmènt Share of central support costs 961 972 589 1,933 589 1,478 462 961 1,561 2,522 1,940 Less School Improvement TrLJSt expendlture Charity 19611 16711 19611 1,561 1,561 1,269 6.4 Provlslon for worship Group and Charlty Cathedral DeprÈclation Sharo of central sUPPOrt costs Other 593 593 122 177 169 458 136 169 160 122 177 169 593 468 1,061 923 TOTAL CURIAL- GROUP 2,471 6,963 371 9,805 8.224 TOTAL CURIAL- CHARITY 1,378 6,963 371 8,712 7,394 TOTAL- GROUP 16,229 8,585 16,803 41,617 32,584 TOTAL- CHARITY 15,136 8,585 16.803 40,524 31,754 Tot31 group expenditure on charitable activities wès £41,230K 12022." £32,584KI. The expenditure comprised unrestricted expenditure of £16,028K 12022.. £13,033KI, designated expenditure of £8,399K 12022.. £7,084KI and restricted expenditure of £16,803K12022.. £12,467KI. Total charity expendifure on charitable artivities was £40,137K 12022.. £31,754KI. The expenditure comprised unrestricted expenditure of £14,935K 12022.. £12,205KI, designated expenditure of £8,399K 12022., £7,082KI and re5tricied expenditure of £16,803K12022'. £12,467m. 58

I

Aiciidiocese of Liverpool NotL)S £iiid AccoLiiiling I'olicÉes For tlie Yeai Elided 31 Deceniber 2023 STAFF COSTS Total 2023 £OOO's Total 2022 £000'5 1,096 6.461 451 Clergy allowances Wages and salaries Social security costs Pension 105ts 1.161 6.204 432 2023 No. 2022 No. The average number of employee5 during the year was.. Central employees Parish employees lexcludes parish clergy) Parish club employee5 111 106 123 122 148 241 382 469 The average number of employees as a full-Time equivalent during tho year wa5 29212022.. 2941, The number of employees whose emoluments including taxable benefits in kind, but excluding pension contriburions amounted to over £60,000 in the year was in bands as follows.. 2023 2022 No. The average nutnber of employees during the year was.. £60,001 to £70,mO £70,001 10 £80,000 £90,001 to £100,000 £1 00,CX)1 to £1 ? 0,000 The charity and eligible employees (see nore 201 make defined contributions to a group personal pension schetne. The number of higher paid employees in the scheme in 2023 was 612022..51. The totèl pension contriburions made by the charity in respect of higher paid otnployoe5 wa5 £33,51512022.. £19,399). The day-to-day administrative, legal, and financial activity of the archdiocese is directed by the Chief Operating Officer and other members of the Senior Management Team who are the key management personnel of the chariiy. The ioial employment C05t of key management personnel during the year was £388,21812022.' £338,8381. TRu￿EE5 Several of the trustees are clergy of thè Liverpool Roman Catholic Archdiocesan Trust. The priESt5 who are trustees are housed and remunerated by the aichdioce5e ènd are Feimbur5ed expenses for carrying out rheir ministry in the same way as Other priesrs of the archdiocese. The 1012022.'91 trustees who were priests received £81,62812022'. £84,000) in total remL)neration during the year. No trustee recewed any remuneration or expenses in respect of their sertyices as a iru5tee dufing Ihe year12022 £nil experisesl.

Aiclidiocese ol Liveiyool Notes Giiid AccoL(Iltiiig I'olicies Foi. tlie Yeai. Elided 31 December 2023 10 Net gain5 1 Ilossesl on investrnents Unrestricted Designated Restricted Funds Funds Funds £OOO's £OOO's £OOO's 2023 £000'5 2022 £000'5 PAROCHIAL Group and Charity Revaluation of investment properties Unrealised gains on inve5trnents 4,620 4,620 2,447 2,057 6,677 2,558 7,178 14,5971 12,1501 15 CURIAL Group Revaluation of investment propertles Unrea115ed galns on Investments 415 1,726 2.141 3,574 319 2.739 272 3,330 16,0531 734 4,465 272 5,471 114791 Less revaluation of iTrve5ttnents subsidiaries Charlty 12441 12441 357 490 4,465 272 5,227 12,1221 TOTAL- GROUP TOTAL- CHARITY 7,411 7,167 4,951 4,951 287 287 12,649 12,405 14,6291 4,272

Arclidiocese of Liverpool Notls ciiid ALCOillitiiig Policies Foi. the Year Elided 31 Deceinbei. 2023 11 TANGIBLE FIXED ASSETS Parochial Property& Equipment £000'5 Curlal Fixtures & Equlpment £OQO's Curial Property Total 11.1 Property. plant and equlpment £OOO's £000'5 Cost Al 1 January 2023 Additions Transfers Disposals At 31 December 2023 35,979 1,018 48 28,032 1.197 65.029 1,245 12951 131 65.976 12951 131 1,063 35,684 29,229 Depreciation At 113nuary 2023 Charge for the year Transfers DisD05als 23,608 588 11691 818 74 12.652 593 37,078 1.255 11691 131 131 At 31 December 2023 24,027 889 13,245 38,161 Net book value at 31 December 2023 11,657 174 15,984 27,815 At 31 December 2022 12,371 200 15,380 27,951 11.2 Property, plant and equlpment- Charlty Parochial Property & Equipment £000'5 Curlal Fixture5 & Equipment £OOO's Curial Property Total £OOO's £OOO's Cost At 1 january 2023 Additions Transfeis Disposals At 31 December 2023 35,979 304 12 6,597 42,880 12951 12951 31 131 35.684 313 6,598 42,595 Depreclation At 1 january 2023 Charge for the year Transfers Disposals 23,6D8 588 11691 262 2,304 118 26.174 724 11691 131 18 131 At 31 December 2023 24,027 277 2,422 26,726 Net book value At 31 December 2023 11,657 36 4,176 15,869 At 31 December 2022 12,371 42 4,293 16,706 All tangible fixed assets were used for charitable purposes. 62

Arclidioce.£e of Livei'pool Notes <iiid Accouiitiiig Policies Foi. the Year Elided 31 Deceniber 2023 12 INVESTMENTS 12.1 Llsted investments- Group Unrestrlcted £OOO's Deslgnated Restricted £OOO's £000'5 Total £OOO's At 1 january 2023 Additions l Transfers Disr)osals Net losses on revaluation At31 December 2023 51,769 70,147 6,575 128,491 11.0811 11621 2.398 12141 21 1191 1.338 13951 52,902 75,556 6,864 135,322 There are no individual investments which comprise greater than 5% of the value Df the portfolio. All Ihe quoted fixed asset investments are listed on a recognised Siock Exchange. Listed investments are included in the balance sheei at bid price. At 31 December 2023 the investment porifolio was split into two funds managed by Evelyn Partners and Rathbone Invesiment Marnagement Limited respectively. The investment fund5 are comprised of.. 2023 £OQO's 2022 £OOO's UK Equities Non-UK Eouities UK government securities and other fixed intere5f Stoc UK Propew Unit Trusts Cash instruments 24,779 31,284 80,476 72,494 18,B19 12,679 5,019 5,021 6.729 7,013 135,322 128,491 12.2 Listed Investments- Charlty Unrestricted Designated Restricted £OOO's £OOO's £OOO's Total £000'5 At 1 January 2023 Transfers 47,411 70,148 6.576 124,135 2,544 2,398 20 4,962 Disposals Net loss on revaluation 11481 12141 1191 13811 2,180 3,225 287 5,692 At 31 December 2023 51,987 75,557 6,864 134,408 Total £OO(Ys 123 Investments In subsldlarles Al 1 january 2023 and 31 December 2023 22,558 Investments in rÈlated companies comprise the c05t of shareholdings in the subsidiary companies listed in nore 21. 63

Ardidiocese ()f Livei'pool Noles aiid Accollllting I)c)licies For the Yeai. Elided 31 Deceinber 2023 12 INVESTME[￿5 fcontinued) 12.4 Investment property at valuation - Group Parochial £000'5 Curlal £OOO's Total £000'5 At l January 2023 Additions Dlsposals Transfers Net Surplus on revaluation At 31 December 2023 21,626 16.673 80 38,299 83 15801 124 6.761 15801 124 4,620 2,141 25,793 18,894 44,687 12.5 Investment properry at valuatlon - Charlty Parochial £000'5 Curlal £OOO's Total £OOO's At 1 lanL¢ary 2023 Additions Disposals Transfers Net surplus on revaluation At 31 December 2023 21.626 15,083 1,718 36.709 1,721 15801 124 6,713 15801 124 4,620 2.093 25,793 18,894 44,687 Investment properties are included on a fair value basis. Exiernal revaluations were compleied in April 2025 by SK Real Estate, Fitton EstatQ5.com, and Hitchcock & Wright and each entlty is registered with rhe Royal Institution of Chartered Surveyors. A v31u6tion exercise is performed annualty l)y management and property valLJations are informed by Internal staff including a qualified chartered sutveyor. The trustees have considered the valuations above as a fair reflection of the y@ar end Fair value. 64

Arclidicice5c of LivLrpool Notes Éiiid Accoiiiitiiig Policies For tlie Yerir Elided 31 Deceiiiber 2023 13 DEBTORS Parochial Curlal Total 2023 EOOO'S Total 2022 £000'5 Group £000'5 £OOO's Due w5thln one year Trade debtors 1,116 1.576 69 2,761 1.116 1,989 2,909 6,014 570 Other debtor5 Prepayments and accrued income TOTAL 413 2,840 3,253 1,045 2,827 4,442 Charlty Trade debtors Other debtors Prepayments and accrued income TOTAL 950 100 950 513 397 696 413 77 973 14 CREDITORS Parochial Curial Total 2023 £OOO's Total 2022 £OOO's Amounts falling due wlthln one year £OOO's £000'5 Group School funding in advance Trade creditors 10,116 82 3,489 1,647 2,182 190 7,590 10,198 3,489 8,920 1,532 1,083 2,554 238 14,327 other creditor5 Accruals and deferred income Other taxation and social security TOTAL 1,647 3,141 190 18.665 959 11,075 Charity School fundin£ in advance Trade creditors Other creditors Accruals and deferred income Other taxation and social security TOTAL 10,116 10.116 117 594 2,112 90 13,029 8.920 148 271 1,717 117 594 1.153 90 959 11,075 1,954 11,056 65

Arclidiocese of Liverpool Notes aiid AccoLUitiiisp Policies FOE. the YL)ai' Ended 31 Deceinber 2023 15 RESTRICTED FUNDS Unexpended balances from collections, donation5, legacie5, and grants restricted by donors to specific purposes. Openlng Balance Income Expendlture Property & Investment Gains, & Transfers £00￿S Closlng Balance Analysis of Restr5cted Funds 2023 £OOO's £OOO's £OOO's £OOO's Parochial - Group and Charity VASCA School Projects Fund Foundation Ma5S Capital Other charitable collections 15,579 12,417 115,6541 12,342 459 478 778 116,4331 57 17,690 13,457 1361 14,678 Curial Charity Priests, Tralning Fund Metropolitan Cathedral Roof Appeal Fund Metropolitan Cathedral Metropolitan Cathedral steps project Metropolitan Cathedral crypt project Liverpool Archdiocesan Missionary Project stJ05eph's College Provision for priest5 in retirement Lenten alms Other fund5 2,868 3,096 206 12681 163 2,969 3,096 1,008 2.890 39 1271 18 1,038 2,890 1,791 1,791 1,025 31 161 54 1,104 830 27 27 1,012 14,574 14 121 25 14 867 41 38 1,364 15,198 187 477 1911 13941 256 541 Apostle5hip of the Sea Curial - Group 219 12221 319 131 15,195 14,793 477 13941 66

Arclidiocesi, of Liverpool Notes and AccoLlllting Policke For the Year Ended 31 December 2023 15 RESTRICTED FUNDS (continued) Opening Balance Income Expenditure Property & Investment Galns. & Transfers £OOO's Closing Balance Analysls of Restricted Fund5 2022 £OOO's £000'5 £OOO's EOOO'S Parochial- Group and charity VASCA School Projects Fund Foundation Mass capital Other charltable collections 13,987 490 12.862 111,2701 15,S79 459 1371 422 908 13,777 709 15.508 11,980 385 17,690 Curial- Charlty Priests, Training Fund Nletropolitan Cathedral Roof Appeal Fund Metropolitan Cathedral Metropolitan Cathedral steps project Metropolitan Cathedral crypt project Llverpool Archdioceszn Missionary Project 5t]oseph's College Provision for priests in retirement Lenten alms Other funds 3,198 3,096 144 12281 12461 2,868 3,D96 961 2,890 119 (381 1341 1,008 2,890 1,791 1,791 1,130 31 1351 11011 1,025 866 14 24 949 14 12} 1481 13 830 27 27 1,012 14,574 141 11981 15051 323 631 1621 14711 14,919 Apostleship of the Sea Curial- Group 220 219 15,139 631 15051 {4721 14,793 PURPOSE OF FUNDS VASCA School Projects Fund Voluntary-Aided Schools Condi110n Allocation funding from the Department for Education for school building projects. Foundaiion Mass capital For Masses celebrated for the deceased. Priests. Training Fund Education of studenis lo the priesthood continuing foundation. Merropolitan Cathedral Roof Appeal Fund English Heritage grants received and expended on substantial repair work 10 the cathedral roof. Metiopolilan Cathedral Golden Book FoundatiDn Mèss fiJnds and other donations made for specific iathedral projects. Metropolitan Cathedral steps project ELJropean obièctive 1 and regional developrnent gran15 expended on the construrtion of the ceremonial steps. 67

Archdioce.se of Liveipool Notes aiid Accoiiiiting I)olicies Foi. tlie YeclL Elided 31 Deceinbei 2023 15 REsfRicfED FUNDS Icontinuedj PURPOSE OF FUNDS Icontinuedj Meiropolitan Cèthedral crypt project European ubjeclive l and regional development grants expended on the crypt redevelopment project. Stjoseph's College Funds associated with priest training. Provision for priests in retirement To mèet the costs associated with retired clergy Lenteri alms To be expended on projects ai the discretion of the 2rchbi5hop. English 5port5 Council capital grants English Sports Council grant5 received and expended on the construction of Cardin85 Heenan sports centre. Apostleship of the Sea For the spiritual ènd temporal welfare of seafarers. 16 DESIGNATED FUNDS Funds set aslde by the trustees for the following purposes.. Openlng Balance Income Expenditure Property & Closlng Investment Balance Galns. & Transfers £000'5 Analysls of Designated Fund5 2023 £OOO's £OOO's £OOO's £OOO's Parochlal - Group and Charity School Projects Fund Other funds 1431 88 798 11,6541 944 45 88 856 45 Curial- Group and Charlty Central funds George. Andrew Retirement Fund 2021 Fund Metropolitan Cathedral Roof Appeal Fund Metropolitan Cathedral Liverpool inner-city parish reorganisation Sabbatical Fund Listed Building Fund Othei deslgnated funds 46,880 7,150 8,492 8,056 2,492 166 193 16,6931 13831 1231 2,810 510 354 45,489 7,443 9,016 8,056 6,610 1,291 111 {131 197 6,905 1,288 131 2,275 1,969 642 41 41 28 151 1891 1351 17,2441 74 74 4,290 2,385 1,995 4,925 83,365 3,072 8,309 87,502 Less Other designated funds Curial- Charlty 13321 83,033 11691 8,140 15011 87,001 3,072 17,2441

Arclidiocebe OE Liverpool Notes £iiid Accouiiting Policies For the Year E]ided 31 DeceLnber 2023 16 DESIGNATED FUNDS (continued) Opening Balance Income Expenditure Property & Investment Gains. & Transfers £OOO's Closlng Balance Analysis of Designated Funds 2022 £OOO's £OOO's £OOO's £OOO's Parochlal - Group and Charlty School Projects Fund Other fund5 1,541 88 1,629 710 11,3661 19281 1431 88 710 11,3661 928 45 Curlal - Group and Charity Central funds George Andrew Retirenient Fund 2021 Fund Metropolltèn Cathedral Roof Appeal Fund Metropolitan Cathedral Liverpool Inner-city parish reorganisatio Sabbcltical Fund Llsted Building Fund Other designated funds 49,646 7,705 9,123 8,056 2,291 15,4211 1171 364 15381 16371 46,880 7,150 8,492 8,056 6,983 1,289 13731 6,610 1,291 2,387 2,127 781 1201 1191 1921 11391 11401 11,5551 2,275 1,969 642 88,097 2,300 15,4771 83.365 Less Qther deslgnated fund5 Curlal- Charity 13341 87,763 13321 83,033 2,302 15,4771 11,5551 PURPOSE OF FUNDS School Projects Fund Fund£ raised by contriburions from parishes ancs schoD15 to support school building and refurbishment pioj2cts. Fund for the archdiocesan central pastoral and funcrions. George Andrew Retirement Fund Fund to support priests in retirement. 2021 Fund Fllnd5 to support priests in retirement. Metropolitan Cathedral Roof Appeal Ftjnd Investment income expended on the subsraniial repair work to the Cathedral roof. Funding running costs of the Cathedral. Funds to provide for the reorganisation of the inner-city parishes. To provide for Ihe costs of priest5 in sabbatical years. For Ihe preservation of listed buildings. Central funds administration Metropolitan Caihedral Liverpool inner-city parish reorganisation Sabbatical Fund Listed Building Fund 17 ARCHDIOCESAN BANKNG ARRANGEMENTS An offset banking Arrèngemenl exists where the total of all individual bank account ba13nces is invested in several deposits over a variety of lime5cales. 18 GMNTS PAYABLE IN FURTHERANCE OF THE CHARITrS OBJEcfivES 69

Ardidiocese of Liverpool Notes £111d Aicoiiiitiiig Policies Foi- tlie Year Elided 31 Deceinbei. 2023 The archdiDcese provides full financial support for the furtherance of its 8rtivitie5 and objectives but is not considered a granr-m3king organisation. Several ecumenical grants are made annually lo organisations wirh similar objectwes to those of the archdiocese. Grant5 were made 10 Ihree such organisations totalling £27,25212022 two organisations £27,630). Other small grants totalled £5,942 in 202312022 E4,4521. The archdiocese covered the tuition and living costs of several indikiduals stL)d>ing for the priesthi)od in the year. 19 COMMITMENTS Gross Net of grant £000'5 At 31 December 2023 commirrnent5 to future expenditure were a5 follows.. School property Parochial and Dther property £Ol)O's 6,742 674 2,568 2,568 9,310 3,242 At 31 December 2022 commitments to future expenditure were as follow5.. School property Parochial and other property 5,113 511 2,245 1,746 7,358 2,257 The above commitments represeni commiited property expenditure that has been approved by the trustees on building projeLts ai the year end. 70

Arclidiocese ot Livei'pool Notes aiiLI Accoiuiting Policies Foi the Yeat. bided 31 DecÉmber 2023 20 PENSIONARRANGEMENTS 20.1 Personal Pension Scheme5 The archdiocese contributes, for eligible staff, to one of two qualifying pension Schemes which are fully compliènt wilh the requirements of 3uto-enrolment. The schemes are managed by an independent firm of pension administrators. The archdiocese has a policy Of matching employee contributions up to 696 of pensionable salary and each member has thèir own individL)al pension accouni within the scheme. The archdiocese is neither liable to finènce any funding shortfall nor entitled to benefit from any overfunding. 20.2 The Teachers, Penslon Scheme The Teacher5, Pension Scheme ITPS or schemel Is a stalutory, Ljnfunded, defined benefit occupational scheme, governed by Ihe Teachers, Pensions Regulations 2010 13s amended), and the Teachers, Pension Scheme Roglilarions 2014 la5 amendedl. These regulations apply to teachers in schools and other educational esrabli5hmer)rs, includ':ng academies, in England and Wales that are mainrained by local aLJthoriiies. In addition, teachers in many Independent and volunt8ry-aided Schools and teachers 3nd lecturers in some establishments of further and higher education may be eligible for Thembership. Membership is auromatic for full-time teachers and lecturers and, from l Januory 2007, auromatic too for reachers ond lecturers in part-time employmèni IDllowng appoinifflent or a change of contract. Teachers and lecturers c3n opt OLlt of the TPS. The Teacherg Penslon budgetlng and valuation account Although members may be employed by variou5 budies, their retirement and other pension benefits are set out in regulaiions made under the Superannuation Act119721 and Public Setvice Pensions Acl120131 and are paid by public fLJnds provided by Parliamenr. The TPS is an unfunded scheme and member5 contributo on a'pay as you go 'ba515 - coniributions from mernbers, along with Ihose made by ernployers, are credited to the Exchequer under arrangemen15 governed by the above Acis. The Teachers, Pensions Regulations 2010 require an annual account, the Teachers, Pension Budgeting and Va14Jation Account, 10 be kept of receipts and expendirure (including the cost of pension increase51. Frorn 1 April 2001, the Account has been crediied with a real rète Df return, which 1£ equivalent to assuming Ihat the balance in the Account is invested in notional invesiments that produce thai real rate of reiurn. Valuatlon of the Teacherg Penslon Scheme The12test valuation of the Teachers, Pension scheme has now taker) place, in line with direcrions issued by HM Treasury and using membership data as at 31 March 2019. A5 a result of this valuation TP5 employer5 Starred to pay an increased coTrtriburion rate of 23.68% from September 2019 Ithis includes the admin15tration levy of 0.8%). The limirEg of the implementation was to align its introduction with employers, budgei planning cycles. The employer's pension costs paid to TP5 in the period amounted 10 £33,78112022 134,9311. A copy of the va1u3tion report and supporting docufflentation is on the Teachers, Pensions web51te. Under the definitions set out in FRS 102, the TPS is a mulii-employer ponsion scheme. The trust has accounted for its conrribution5 to Ihe scheme 65 if it were a defined contribution scheme. The trust has set out above the information available on the scheme. Scheme Changes The arrangemenis for a reformed Teachers, Pension Scheme, in line w(h the recommendations made by Lord Hullon, in pariicular the introduction of a Career Average Revalued Earning5 ICAREI schetne, were implemented from l April 2015. 71

Archdiocese ()( Liveipool Notes aiiil ALCOLUltlllbT Policies Foi tlie Yeai Enoled 31 Deceiiiber 2023 The Teacherg Penslon Scheme Icontinued) In December 2018, Ihe Court of Appeal held that transitional protection provisions contained in the reformed judicial and firefighter pension schemes, Introduced as part of public service pension reforms in 2015, gave rise to direct age discrimination and were therefore un13wFul. The Supreme Court, in a decision made in lune 2019, have rejerted the goverrbmenis application for permis510n to appeal the Courr of Appeal'5 ruling. The case will now be referred lo an Employment Tribunal for a decision regarding the remedy which will need to be offered to those members of the two schemes who were subject of the age discrimination. Since then, claims have also been lodged against the main public service scheme5 including the TPS. The Deparirnent has cofÈceded Ih05e in line wilh the rest of the government. In July 2020 HM Treasury launched a 12- week public consultarion which WIIS provide evidence to 5UPPOrt the delivery of an appropriate remedy for the affected schemes, including TPS. A final remedy will be determined once the results of the consultation are establishod. In Oecember 2019, è further legal challenge wa5 made against the TPS relating to an identified equalitie5 issue whereby male Survivors of opposite-sex marriages and Cl￿71 partnerships are treated less favourably than 5uNivors in same-sex m8rriage5 and civil parinerships. The Secretary of State for Educaiion agreed not lo defend the case. In June 2020, the Eniploymenl Tribun31 recorded its findings in respect of rhe claimant. DfE is currentW working ID establish what changes are necessary to address this discrimination. 72

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ArclidÉoce.se of Liverpool Notes aiid Accoiiiitiiig Policies For tlie Year Elided 31 DecL)Inbei- 2023 21 GROUP BODIES AND REiATED PARIYTRANSACtIONS (continued) sociated Church Clubs Limited (company number 027240311 historically coordinated the bulk puriha5e of stock for supply to archdIoce￿n parish centres and oiher metnbers of the scheme operated by the company. This activity has transferred to Archdioiesan Parish Centre5 Man3gemenr Company Limited (company number 034223321 and the direcror5 plan to disSo￿e Associated Church Clubs Limired Icornpany number 27240311. Meiropolitan Cathedral SeNiies Limiied (company nutnber 031150001 tnanages the commercial aspetts of rhe Meiropoli13n Cathedral including income goneration from its activities, building seriices and maintenance. Tuneside Limitedlcompany number 023162761 coordinates the building sepjices scheme for archdiocesan bLJildings obligations under the Consiruction Indusiry Scheme and commercial activities of the Conference Cenire. Cardinal Heen3n Sporrs Centre Limiied's Icompany number 038225161 principal 3Ctiwty 15 the operation of a sports cenrre wiihin the ground5 of Cardinal Heenan Roman Catholic High School, Lwerpool. Archdiocesan Parish Centres Management Company Limited (company number 034223321 manages the parish centres within the archdiocese. Archdiocesan Property Services Limited (company number 03142451 charity number 10550491 manages professional services in respect of maintenance, repair and refurbishment of archdiocesan properties. Archdiocese ol Livorpool Prifflary school Improvefflenl Trust Icomp3ny number 109124071 promote education standards in primary educaiion. Archdiocese of Liverpool Secondary School Improvemènt Trusi Icornpany number 109123981 promote education standards in secondary education. The cotnpanies limited by guarantee are wholly controlled by the charity. Al the companie5 are incorporated in the Uniied Kingdom. The operations of two iegi5tered charities which had common trustees were under rhe control of the charity and therefore their financial acrwity and posltions were consolidated in these 3CCOUnt5. Since a linking directive frorn the Charity CDmmis5ion in january 2023, the activities of these funds are now treated as parr of the Archdiocese of Liverpool charitywith a rransfer was made between group and charity to reflect the linking direction (Note 241. 75

Arclidiocese ()t Liveipool Notes aiid AccoiuitinLP I)olicies Foi. tlie Year Ended 31 December 2023 21 GROUP BODIESAND RELATED PARTyTPAN5A￿IONS (continued) The funds concorned are as follow5.. Apostleshlp of the Sea (Liverpool Archdiocesan Council) £OOO's Linked charities at 31 December 2023 Liverpool Archdiocesan Education Trust £OOO's Income from Collections and donations Investment income Total Income Expenditure on Charitable aitivities Total expenditure Net profit on investments Net Income Total assets Total liabilitles Total reserves 86 89 50 50 132 132 157 114 50 2,264 121 2,262 4,245 121 4,243 Apostleship of the Sea (Liverpool Archdlocesan Council) £OOO's Controlled charities at 31 December 2022 Llverpool Archdiocesan Education Trust £Ol)O's Income from Collections and donations Investment income Total Income Expenditure on Charitable activities Total expendlture Net gain on Investrnents Net Income 100 102 50 50 158 158 12831 13391 4,143 1141 4,129 50 Total assets Total liabilities Total reserves 2,214 121 2,212 76

Arclidiocese i)E Liveipc)ol Notes aiid AccoLintiiTrg Policieb For tlie Yeai- Elided 31 Deceiiiber 2023 21 GROUP BODIES AND RELATED PARIYTPANSAcfioNS (continued) The charitable purpose of the Apostleship of the Sea (Liverpool Archdiocesan Counci11 Icharity nufflber 1199714- 21 15 the spiritual and iemporal welfare of seafarers. Liverpool Archdiocesall Educaiion Trust Icharity number 1199714-31 acquires and holds property for ecsucaiion purposes. In accordar)ce with FRS 102, the relèted pafty transactions entered into by the charity are detailed below. All transactions thai ar05e were in Ihe normal course of activity. A balance of £164,17612022'. E164,1761 was owed to Associated Church Clubs Limited at the year end. The charity recharged salary COSES of £87,97712022: £112,230) to Archdiocesan Parish Centre5 Management Company Limited, a subsidioiy of the charity. A balance of £1,779,550 wa5 owed from the company at the year end.12022.' £1,725,358 owed from the companyl The charity recharged salary costs of £166,61312022,' £204,0941 to Archdiocesan Property Sepiices Limited, a subsidiary of rhe charity. A balance of £645,72112022.. £627,384) was owed from the company ar the year end. No salary costs were recharged by the charity in 2023 12022.. £Nil costs) 10 Metropolitan Cathedr31 Services Limited, a subsidiary of the charity. A balance of £1,566,05412022.. £696,352) was owed from Ihe company at the year end. The chèriry recharged salary costs of £67,061 12022.. £96,552) to Tuneside Limited, 3 subsidiary of the charity. A balance of £17,767,60412022'. E4,327,3181 was owed to the company at Ihe year end. A balance of £278,33712022'. £130,403) was owod from Archdiocese of Liverpool Pritnary School Improvement Trust at the year end. A balance of £346,16012022.. £50,025) was owed from Archdiocese of Lkverpool Secondary School Improvement Trust at the year end. Assoclated companles 96 holdlng In ordlnary shares Activity Inler-Dioces3n Fuel 14Aanagement Limited Fuel and power distribution Catholic N31ion31 Mutual Limited 1nsurance In the year £3,408,09512022 - £2,623,380) of fuel was purchased from Inter-oiocesan Fuel Management Limited by the group. 77

ArclidiocL'5e of Liverpool Notes £iiicI ALCOlllltllig Policies Foi the Yeai. Ended 31 Deceinber 2023 22 CONNECTED CHARITIES Chariries with common trustees with the archdiocese and associated subsidiary undertakings are as follows.. Charity Number 1187072 Nugent Care 2019 Christs and Notre Dame College, Liverpool The Friends of Liverpool Metropolitan Cathedral Caritas Social Artion 526463 513469 1101431 St Mary's College CrosbyTrusr Limited Catholic Trust for England and Wales St Cuihbert's College Usha The Catholic Children's Society IShrew£bury Diocesel Inc Caritas Diocese of Shrewsbury 1110311 1097482 527408 509793 1169317 Ushaw Trust 1197075 Leprosy Mission Isle of Man IOM 1251 The following cransactions occurred with these connected charities,. Individual parishes have collections throughout the year where donations are collected on behalf of the Nugent Care 2019 and paid directly to Ihe charity. The archdiocese made payments (oialling £179,27712022.. £165,805) to the Caiholic TTUSt for England and Wales in rospecr of activities undertaken 3t a national level in common with c)ther dioceses. No other transactions occurred with connected charities. 23 SCHOOL BUILDING PROJE￿5 The charity a5Si5ts archdiocesan voluntary aided sihools with the administration of funding for school building projects. Historically the archdiocese acted a5 the agent of school governing bodies in receiving funding from the Departmeni for Education (Dff l under the Locally Coordinated Voluntary-Aided Programme ILCVAPI, local authorities and other funding Sources and seitling and matching it with the corrtracrors, costs and professional fee5. Monie5 that coniinue to be received though these activiiies are nor reflected in Ihe Statement of Financial Aciiviries 35 the Iran53Ctions are those of the school governing bodies rather than the archdiocese. In April 2020 the Volunl8ry-Alded Schools Condition Allocarion (VA5CAI system was intrtyjuced and superseded the LCVAP. The change in funding gives the archdiocese ulrimate control over the application of grants lo specific schools, therefore the VASCA grant funding received and the relhred expendiiure are recognised in the Statement of Financial Ac(iiqties. Total grant income (o the School Projects Fund amoun(ed 10 £12.42M 12022.. £12.46MI. Total expenditure on school building projects during the year was £17.31 M12022.. £12.60MI. Balances due to individual archdiocesan schools in relation to devolved formula capital projecis amounted to £9.68M12022.' £11.34MI. 78

000

Ai'thdiocest of Liverpool Notes <iiid AcLoitsiting PoliciLS Foi- tlie Year Ended 31 Decembei. 2023 25 ANALYSIS OF NET A55ETS Tanglble Flxed Assets Investments Current A55ets le5S Creditors Total 2023 Group £OOD's £OOO's £OOO's £000'5 Restricted Funds Parochial 479 14,199 14,678 Curial 6,385 8,810 15,195 6,864 23.009 29,873 Designated Funds Parochial 11,429 111,3841 45 Curial 17,770 64,127 5,648 87,545 17,770 75,556 15.7361 87,590 Unrestricted General Funds Parochial 37,450 49,066 7,653 94,169 Curial 17.282 3,836 119,5981 1,520 54,732 52.902 111.9451 95,689 Total 72,502 135,322 5,328 213,152 81

Archdiocese of Liveipool Notes ciiid AccoLUlting I)olicies For tlie Year Elided 31 Deceiiiber 2023 25 ANALYSIS OF NET ASSETS (continued) Tangible Flxed Asset5 Investments Current Assets less Credltor5 £OOO's Total 2022 Group 2022 £OOO's £OOO's £000'5 Restricted Funds Parochial 455 17,235 17,690 Curlal 6,121 8,672 14.793 6,576 25,907 32,483 Designated Funds Parochial 10,976 110,9311 45 Curlal 3,866 69,641 9,858 83.365 3,866 80,617 11.0731 83.410 Unrestricted General Funds Parochial 12,371 66,237 11.251 89.859 Curial 11,714 13,360 119,1641 5,910 24,085 79,597 17,9131 95,769 Total 27.951 166.790 16.921 211,662 82

Arclidiocese ot Livei'pool Notes cind ALcOl￿till&Y Policieb Foi the Yeai. Elided .31 Deceiiiber 2023 25 ANALYSIS OF NET ASSETS (cc>ntinued) Tangible Flxed Assets Investments Current Assets less Credltors £OOO's Total 2023 Charity £OOO's £000'5 £OOO's Restricted Funds Parochial 479 14.199 14,678 Curial 6,385 8,813 15,198 6,864 23,012 29.876 Designated Funds Parochial 11,429 111,3841 45 Curial 17,770 86,687 117.4131 87,044 17,770 98,116 128,7971 87,089 Unrestricted General Funds Parochial 37,450 49,066 7,653 94,169 Curlal 5,336 2,921 4,476 12.733 42,786 51,987 12.129 106,902 Total 60.556 156,967 223.867 83

Ardidiocese ol Livei'pool Nntes aiid Accoiuitinsy Policie£ Foi- tlie Yeai. Ended 31 Deceniber 2023 25 ANALYSIS OF NET ASSETS (contrnued) Tangible Flxed Assets Investment5 Current A55ets less Creditors £OOO's Total 2022 Charity 2022 £OOO's £OOO's £OOO's Restrlcted Funds Parochial 455 17,235 17,690 Curial 6,121 8,453 14,574 6,576 25,688 32,264 Deslgnated Fund5 Parochial 10,976 110,9311 45 Curial 3,866 92,198 113.0311 83.033 3,866 103,174 123.9621 83.078 Unrestricted General Fund5 Parochlal 12,371 66,237 71,251 89.859 Curial 469 7,415 2,537 10.421 12,840 73,652 13,788 100.280 Total 16,706 183.402 15,514 215,622

Arclidioce.ge ot Livei'pool Noteq and Accoiiiiting Policies For tlie Year Ended 31 December 2023 26 OPEMMNG LEhSES Throughout the archdiocese there are numerous low value operating leases prirnarily in relation ro equipfflent. The annual payments in relation lo these have noi been quantified but they are not deemed to be material to the financial statemenis. 27 CONMNGENT uA￿lL￿lEs The trustees are reviewing the strLJCture of the organ15aiion from è VAT perspective with initial findings indiiating that registration for VAT is probable. There remains potential that a future registration may be applied retrospectively bui a5 this likelihood and size of potenti31 liabiliiy cannot be fulw 35se55ed at this point, no provision ha5 been made within rhe financi31 slaretnents. 28 GUARANTEE An index-linked product amounting to £2.20NI12022-. £2.20MI is used as security againsr any potential liability in connection wirh a landfill site. The likelihood of this liability falling due on the charity 15 considered remote. 85