2024-04-05-accounts

DIOCESE OF BRENTWOOD The Brentwood Roman Catholic Dloce5an Trust Registered Charity 234092 Annual Report 2023124 IJ

Contents Diocesan Vision Strand One- Charity, Justice and Social Action Strand Two- Christian Life and Worship Strand Three: Education Strand Four: Family Strand Five: Fomiation Strand Six: Integratlon Strand Seven- Leaders io Strand Eight: Material Assets io Strand Nine.- Prayer and Spirituality Strand Ten- Priests and People Strand Eleven: Vocations to the Priesthood li li 12 Strand Twelve: Young People 12 Reports Report of the Directors of the Corporate Trustee 13 Independent Auditor's Report 2Q Accounts Statement of Financial Artivities 23 Balance Sheet 24 Cash Flow Statement 25 Statement of Accounting Policies 26 Notes to the Accounts 31

Diocesan Vision: Building On Our Past The Diocese of Brentwood was formally erected in 1917. Our first bishop, Bishop Ward had a great personal devotion to Our Lady's shrine at Lourdes and Brentwood was the first diocese in England & Wales to have Our Lady of Lourdes as its Principal Patron. His devotion to St Edmund of Abingdon lor Canterburyl, led to the choice of that saint as a Secondary Patron of the new diocese (togetherwith St Erconwald and subsequently St Ceddl. Our present Father in God is Bishop Alan Williams, a Marist Father and formerly Rector of the National Shrine of Our Lady at Walsingham. He has responsibility for a diocese of rich diversity= East End and suburbs. towns ancient and modern. seaside resorts. rural parishes omprising dozens of villages, as well as schools, religious houses. and chaplaincies in hospitals, prison5 and univer51ties. It Is our prayer that a5 we give thanks for the witness of past generations, we also pray for a fresh outpouring of the Holy Spirit that we may be evermore faithful to proclaiming the Gospel of Christ. Di0￿san Vision: Shaping Our Future The Stewards of the Gospel initiative has been a period of discernment for us as we seekthe best response we can give to God's love for us in an ever-changing society. Following the publication of our Diocesan Vision- Shaping Our Future, parishes and parish partnerships took time to interpret it in their local context and submit their plans for Bishop Alan's consideration. After an initial delay due to the COVID-19 pandemic, plans had been put in place during 2021122 in order to relaunch the process in 2022/23. Unfortunately, the relaunch was further delayed until January 2024 when all parishes received a pastoral letter from Bishop Alan Williams SM announcing the re-launch of the partnership proce5S Wlth combined parish partnership pastoral council meetings to be held across the Diocese as matter of urgency. The full document can be read at htt s- www.dioceseoforentwood.net content loads 2017 Diocese-of-Brentwood- Vi5ion-Document-l. df

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

Dlocesan Vlslon: Our Legal Objert5 Partnership process in January 2024 has also seen the appointment of Fr Dan Mason as the Episcopal Vicar for Parish Renewal. Our objects as set out in our legal onstitution are -the odvancement the Roman Catholic religion in the Diocese by such means a5 the Bishop moy thinkfit and properfor the service ond 5UPPOrt whether in the Diocese or outside the Diocese of choritoble works and objects promoted by the Church." The Vision Document- Shapin8 Our Future represents a new way for us to work together for the advancement of the Roman Catholic religion in our Diocese. It commits us to focusing on restructuring ourselves and renewing OUT5elves, so that in turn we may best proclaim the Good News of Jesus Christ. Strand One". Chari Artion Justice and Social CARITA5 "Social Justice demands that we fight against the causes of poverty: inequality and the lack of labour. land, and lodging; against those who deny social and labour rights- and a8ainst the culture that leads to taking away the dignity of others" Pope Francis Feb 2024 The Mission of Caritas Diocese of Brentwood is to maximise the opportunities for putting faith into action through charitable works, fully consCIOUS of Christ's commandment to love our neighbour, defined by His words 'Whatever you do to the least of my brothers and sisters, you do to me, We seek to serve the marginalised, the poor and the vulnerable by highlighting and developing a broad range of charitable projects in Parish Partnerships and schools across our Diocese and nationally. Restructuring It is currently envisaged that our restructuring takes the form of placing 86 of our 87 parishes in 21 Parish Partnerships. These partnerships consist of people working together with the help of God to achieve a common goal. Thus, our Parish Partnerships are intended to artively work together to achieve renewal. The Cathedral parish stands alone to best allow it to be the mother church and beacon for our whole Diocese. The Vision of Caritas Diocese of Brentwood is defined by the truth that no- one is beyond the reach of the love of Christ. We aim to enable those in need of pastoral care to find that care and to better support those working on Social Justice projects in each part of the Diocese. The work of the parishes and the Parish Partnerships was supported duringthe year by the Director of Development. and all the other vicariates and their respective executive departments. Renewal Our work and our achievements are reported in the context of our Diocesan Vision Document: Shaping Our Future, so that for this year and movingforward we can report against the 12 Strands of Renewal. The relaunch of the Parish During the period, Caritas Diocese of Brentwood crystallised its work into three key strands. Environment (Laudato Sil Refugees and Migrants Homele55 and the Cost of Living

We facilitate on-line meetings for each of these strands once everyfour months, complemented by an annual resourcing and networking day. bringing people together from across the Diocese. care of, and service to, the Roman Catholic. and the broader community within our diocese, the provision, maintenance and upkeep of places of worship and. of course, prayer are largely undertaken by parishioners. priests and deacons in our parishes. Our 'intergenerational' approach to Caritas Diocese of Brentwood is also helping us to build young leaders for the present and the future, thus ensuringthe longevity of our projects. In most cases, parishes are in the pastoral care of diocesan priests and in several cases. the parishes are in the pastoral care of priests from Religious Orders orThe Personal Ordinariate of Our Lady of Walsingham. All our parishes are supported by an administration, referred to as the "Curia- which is organised into Vicariates 5UPPOrted in turn by an executive made up of paid lay people. caritas "ocese of bren￿[rOOd The Diocese of Brentwood is a Real Living Wage employer. We continue to support the settlement of refugees in our communitie5 via three Community Sponsorship schemes. Strand Two: Christian Life and Worshi The celebrotion of the Euchorist is the source ond summit of ourfoith. ond so oll other liturgiesflowfrom and to the celebrotion of Mos5 Our Diocese consists of 87 parishes. The number has reduced in recent years. and we anticipate that as Parish Partnerships evolve the number will further reduce. Each Sunday an average of 34.985 people 132.333 last yearl attended services. Attendance has continued to recover from the impact of the COVID-19 restrictions in 202012021 but has still not recovered to pre-pandemic levels. The number of people who were either baptised or received into the church also decreased The sacramental celebrations and other religious services, proclaiming the Gospel. exercise of the ministry of charity all take place in ovr parishes. Furthermore, engagement with society. the pastoral

slightly to 2.069 from 2,247 in the previous year. With our Liturgy Office, our Chancery Office is involved with the administration of the Rite of Christian Initiation of Adults programme, and the reception of hundreds of people, from across the Diocese. who have followed the "Journey of Faith" and wish to be received into the Catholic Church. On the first Sunday of Lent. more than 160 people hoping to be received into the Church at Easter. attended the 'Rite of Election. at Brentwood Cathedral. meetings and training for Religious Education Leads. as well as a wealth of Governor training in the form of webinars. There has also been premises training, safeguarding training amongst the other sessions made available. We request feedback from attendees to evaluate the training delivered in order to ensure that training remains relevant, and updates can be made where necessary. Feedback from attendees has been positive. We continued to work closely with the Catholic Education Service ICES), Department for Education IDfEI, Ofsted, Teaching Unions and the Regional Schools Commissioner IRSCI as well as relevant Local Authorities. As a religious authority. specific responsibilities remain in relation to the essential functions around Governance, Admissions, Reserved posts, RE and Collective Worship. Durin8 the year, our parishes raised over £99,00012023: £104,000) to support international causes, including natural disasters and overseas mission work. a slight decrease when compared to the previous year. Parish volunteers contribLrted countless hours of work to good causes both within and beyond our diocese. Feedback from our parishes suggests that we have in excess of 6,000 volunteers helping to support our parishes. School leadership recrL•itment formed a significant part of our work during the period. Recruitment can be challenging and so our support to schools includes the provision of advice at the beginning of the recruitment process covering job descriptions. person specifications. shortlistin8 meetings as well as support during the interview process. All candidates- both successful and unsuccessful are offered the opportunity to receive detailed feedback. Strand Three: Education Supporting Catholic schools to provide excellent educotion where pupilsflourish ond Christ is mode known to oll. Our trainin8 provision to schools generally continues to be delivered in a hybrid fashion with many face-to-face sessions and some by webinars. The detailed training schedule is extensive including ongoing modular courses for- Early Career Teachers IECTS). the Catholic Certificate for Religious Studies ICCR5} induction for new Headteachers and Deputy Headteachers, termly update Catholic School Inspection ICSI) is a key area of ourwork. We continue to ensure that 3 diocesan officer attends the feedback meeting at the end of a CSI or OFSTED inspection. We've established a regular communications link with schools and Advisers to ensure that all relevant information received from the Catholic

Education Service and other Sources is disseminated on a timely basis. We now distribute relevant information on a weekly basis to schools, which includes prayer and Catholic life materials an opportunity for lay people to take on leadership roles. We ensure that training opportunities are increasingly accessible for governors via on-line provision in order to ensure Governors develop and maintain the required skillsets to both challenge and support the school leadership. The prime focus forthe work of BDES is in securing, preserving and developing Catholic education into the fLrture, as well as supporting schools when difficulties have arisen, where schools have experienced decline or turmoil and where schools have become more vulnerable. Our work is summed up in our Mission Statement,. -supporting C(Jtholic schools to provide excellent education where pupilsflourish and Christ is mode known to oll. Strand Four: Fami Supportfor marriage Gndfamily is o crucial port of the Church's ministry. ond of great importoncefor society 05 o whole. As a department of the Vicariate for Paish Renewal. our rni55ion is to proclaim the good news of God's love, revealed in special way through the love of husband and wife, and the love for their children. Recognising that family life brings many challenges and is often undermined by the values ofthe contemporary world, the church has a special duty to accompanv our families and offer whatever support is needed. Six Catholic Multi Academy Trusts (MATS) now exist in our Diocese. They operate under distinctly Catholic name5 (Rosary Trust, Assisi Catholic Trust, Christus Catholic Trust. Good Shepherd Catholic Trust, Our Lady of Grace Catholic Trust and Our Lady of Fatima Trust). This approach remains the preferred structure for Catholic schools within the Diocese of Brentwood. The majority of our schools have now been academised. We have seven independent schools. Where ongoing support is required. couples are introduced to other appropriate organisations such as Marriage Care or Retrouvaille. or their own parish. To help schoo15 in the procurement of supplies which are both ethical and good value, we facilitated a 'Company's in January 2024. The day was run in conjunction with Church Marketplace, and was a great success. Our Chancery Office processes marriage papers for marriages taking place inside and outside the Diocese. and supported another significant increase in the process of marria8e papers when compared to the previous year= 56 (last year 811 sets of marriage papers for marriages taking place outside the Diocese, mostly overseas. Our vision is that our schools will work together collaboratively in a formal structure which works for them. and benefits both pupils and staff. SCHOOL GOVERNANCE Governance is an area of key importance to our Diocese and continued to represent

43 (last year 59) sets of marriage papers where one party belonged to another religion. 52 (last year 43} sets of papers. where one party had not been baptized; 86 (last year 119) sets of marriage papers for Catholic5 wishing to convalidate their civil marriage in the Catholic Church. of their Catholic Faith and to deepen their relationship with Christ though a life of prayer and service. Inspired by the Holv Spirit. it is hoped that lay men and women will find ways to grow in confidence as disciples and be better witness to the Church's mission of hope. A dedicated website was launched in June 2021. thr The year on year decrease was expetted due to the impact of a catch up in the previous year due to marriages being postponed duringthe COVID pandemic. Strand SIX: Inte ration Moke Sure thot every person of whotever bockground canfind in you o welcoming heart. In addition. the work of the Chancery enabled people to marry in Churches of other denominations, but with the necessary dispensations to allow the marriages to be recognised 35 valid by the Catholic Church. In our Vision we seek to build on the rich diverstty of people in our Diocese through a generous inclusivity. We look to work together with people of all faiths and none where the opportunity arises. Strand Five: Formation INTERNATIONAL TWINNING Formotion is 0 life-long process of listening to whot the Holy Spirit is calling us to be ond to do Our Diocese is twinned with the Diocese of Dundee, Kwa-zulu Natal, South Africa. Our solidarity with our fellow Catholics in Kwa-zulu Natal is demonstrated by parishes and schools in both dioceses having twinned with each other. They build practical relationships beyond friendship and spirttual support. In orderto support our catechist5, we contlnue to offerThe Bishop's Certificate in Catechesis and Youth Ministry is a yearlong course of 12 modules. covering different aspects of faith and Church teachin& as well as practical skills in Youth Ministry. It is an entry-level qualification to help in the ongoing formation of adults who are involved in sacramental preparation or youth ministry in our Diocese. It includes development of practical skills and the deepening of theological knowledge. Fr Gerry, a Brentwood Diocese prlest, regularly travels to Dundee to help support the Twinning Project. During the year parishes raised over £7.300 for the Twinning Project- falling slightly from the previous year, when the figure was over £10,000. The Vicariate for Parish Renewal aims to provide a variety of resources and support for those lay men and women who wish to develop a more mature understanding

Strand Seven: Leader5 recognising that most ofthe work of our Diocese occurs through the parishes and that many regulatory burdens fall on them. Finance and Administration guidelines are circulated on a regular basis to parish, to ensure that the m05t up to date guidance is available for Parish Priests, parish administrators. and volunteers. By right of bt7ptism oll ore colled tofulfil their vocotion os the people of God. During the year leaders continued to support our parishes and wider communitie5. School Governorship is an important role for lay people who have appropriate skills to perform, and we continue to encourage people to come fonvard and train. We provide support governors and at the online governor conference in March 2024 provided an overwew of the new diocesan guidance on admissions. We continued to offer a central payment facility for parishes as more suppliers request payment electronically. Alternative methods of givin8 continue to be considered across the Diocese as the banking network continues to shrink and the process of banking cash becomes more problematic. Also, in education leaders have been appointed to be Trustees of our Catholic Multi Academy Trusts. This is a key role for people to play in the future of our children and of catholic education. The Finance Team provide online training on a regular basis for new volunteers and existing volunteers who are keen to learn new methods of working. Annual training is made available to all those involved the Finance and Gift Aid process, covering GDPR. Cyber Security. as well as General Finance and Gift Aid. Approximately 70% of our parish representatives are volunteers and we offer our thanks to them fortheir time and commitment. The Diaconate is another key area where leadership can be exercised in our Diocese. During the period five people were in preparation for this ministry on the Southern Diaconate Formation Programme. Could ou be a deacon in our diocese?_ Brentwood Diocese dioceseofbrentwood.net Strand El ht: Material Assets Property Team: The Property Sub- Committee has delegated responsibility for both advising and making recommendations to the Board of the Corporate Trustee on strategic property matters across the Diocese and, under devolved powers, approval of property related parish expenditure in line with financial policy. As stewards of oll thot God hos given to us, it is our responsibility to use those gifts 05 well os we ct7n. Parishes and Parish Partnerships have been looking at their material assets as a whole to see how they can be best used to fulfil our objectives and our Wision in their local context. The responsibilrty for managing the maintenance of parish buildings rests with the parishes under Canon Law although it is the responsibility of our diocese as a Central Finance Team- Our work focussed on increased support to the parishes. io

registered charity to ensure that assets are kept in a reasonably good condition. To complement the condition survey programme, funding towards the costs of energy surveys has been made available to parishes in order to help form a sustainability strategy to support the Diocesan Laudato Si commitments. of fire risk asse55ment completed by an authorised diocesan fire risk assessor. Strand Nine: Pra er and S iritualit Our relationship with God in Jesus Christ will only continue to develop ond grow if we pay ottention to it. Prayers of intercession are made continuously throughout the year and during the year. htt www.brentwoodvocations.co.uk has many resource5 including prayers for vocations to the priesthood, htt www.brentwoodvocations.co.uk ers-2 Health & Safety The Health and Safety Sub-committee assist5 and advises the Board of the Corporate Trustee in the discharge of its health and safety responsibilities. The Diocese appoints external consultants, SafetyToolbox Ltd, as the diocesan health and safety consultant and competent person to provide competent advice and support on the management and implementation of health and safety. fire safety and other related matters across the Diocese. During the year a series of online health and safety training modules were delivered for all clergy, parish staff and health and safety volunteers. The diocese recognise5 that fire has a unique capacity to threaten life, dama8e property, harm the environment and compromise our mission. Accordingly. the diocese is committed to taking reasonable and necessary measures to prevent fire and protect life safety in the event of fire in the context of the activities of the Diocese. The Board of the Corporate Trustee as well as those in control of our premises have legal obligations under the Regulatory Reform (Fire Safety) Order 2005 (the FS01 and other relevant legislation. The updated Fire Safety Policy provides detail of a strengthened fire risk as5e55ment pro8ramme which follows 3 five year cycle beginning with the delivery ra Strand Ten: Priests and Peo le We will explore new woys to recognise eoch otherfs gifts ond to colloborate to bring our vision to reality. We are thankful for the priests servin8 our Diocese and . During the year, as congregations returned to our churches, many clergy continued to utilise the new ways that had been found to keep in contact with our parlsh communities during the pandemic. More masses continued to be live streamed, and where possible, social media and online facilities helped maintain contact and provide support for the local parish communities. Compulsory Safeguarding trainin8 now take5 place for all clergy, as well as regular health and safety training. Days of Recollection during Advent and Lent are also offered to our clergy. li

Strand Eleven: Vocations to the Prlesthood In 2023. although we began to feel that things were starting to get back 'on track,, with successful pilgrima8es to Lourdes {travellin8 35 a group of 112 representing 39 parishes and 9 secondary schools} and also World Youth Oay in Lisbon, due to the lack of volunteers we were unable to offer a fvll programme of retreats. Instead we made our retreat centre available to schools and parishes to run their own retreats and training days. We have continued to recognise thot our first duty to encouroge vocotion5 as Catholics is to pruyfor priests and those considering priestho¢￿. The vocations website includes interesting and inspirational vocation stories told, by our diocesan priests and some of our seminarians. These powerful witnesses were recorded live as part of the holy hours to pray for vocations held throughout our diocese www.brentwoodvocations.co.u s-stories The stories are also available via @Brentwoodvocs Walsingham House holds the Lotc Qualitv Badge (Learning Outside the Classroom), a national award which assesses both risk management and educational provision. vocation In September 2023 we ran two retreats for Year 135- in order to promote the opportunity to volunteer at Walsingham House and to ensure that a full retreat programme could be rolled out for the academic year 2024-25. We continue to pray for our seminarians and that many more will listen and respond to the call of Jesus to share in his priesthood. Young people are the future of our church Strand Twelve: You Pe You too, deor young people, Can be joyful witnesses of his love. courogeous witnesses of his Gospel. carrying to the world a ray of his light. Our Vicariate for Youth Ministry can function only because of the great dedication of volunteers- young adult volunteer5 aged 18-23 who typlcally work with our staff at our Walsingham House retreat centre. for a year. During the COVID pandemic retreats and pilgrimages were cancelled- the effects were felt acutely by young people. The greatest challenge to faith and to the work of the Vicariate were the limitations of in-person gatherings. 12

REPORT OF THE DIRECTORS OF THE CORPORATE TRUSTEE Structure, Governance and Management The Brentwood Roman Catholic Diocesan Trust (the Charity) was constituted by Trust Deed in 1947. It is a registered charity. number 234092. Its objects are the advancement of the Roman Catholic religion in the Diocese by such means as the Bishop may think fit and proper for the seNice and support, whether in the Diocese or outside the Diocese, of charitable works and objects promoted by the Church. In addition, there are two separate funds which are registered as individual charities- The Brentwood Ecclesiastical Education Fund (BEEF)- the fund of the Diocese which meets the cost of educating and training seminarians- is a separately constituted charity under a Trust Deed, dated 11 July 1922. and registered under number 1067745. It is accounted for as a restricted fund within the Diocesan accounts. The investments of our Diocese are managed as a Pooled Fund. which is separately registered with the Charity Commission under number 1067742. An order of the Charity Commissioners underS96161 Charities Att 1993 permits the three charities, which have the same Trustee, to be treated as a single entity for accountin8 purposes. Adminlstration of the Charity is through the Brentwood Roman Catholic Diocese Trustee Ithe Corporate Trusteel. The Brentwood Roman Catholic Diocese Trustee, a company limited by guarantee, was set up in 1948 to act as custodian trustee in relation to the Charity and the ecclesiastical trusts of the Diocese. Its company number is 450897. All parish property is in civil law held by the Corporate Trustee. subject to the Charity Trust Deed. The acquisition or disposal of parish property therefore must be sanctioned by the Directors of the Corporate Trustee, and all relevant documentation must be drawn up in the name of the Corporate Trustee. Dlrectors of the Corporate Trustee In keeping with the ChariW5 objectives, it is a requirement that candidates for DirectOf5hip are committed Roman Catholics. The power to appoint Directors is vested in the Bishop of the Diocese. Where additional Directors are required, the Bishop will consider the range of ski115 and experience required on the Board (such a5 finance, investments. Strategic plannin8 etc.), and will approach individuals in the Diocese who are likely to meet these requirements. Prospective Directors are provided with full information on the Charitvs constitution, objects and finances. Training material is made available as necessary, and Directors are encouraged to complete online trainin8 modules which have been approved by the Charity Commission. Govemance of the Charity The Charity is governed by the Board of Directors of the Brentwood Roman Catholic Diocese Trustee Ithe "Corporate Trustee") which consists of the President of the Corporation (the Bishop of Brentwoodl and up to fourteen other Directors. The Board, in conjunction with the canonical bodie5 established by the Blshop to be his advisors and consultors. is responsible for the development and implementation of policies which ensure compliance with civil legislation and canon law. The key policies are safeguarding, health and safety, risk management, the production of financial budgets. the exercising of financial controls through regular financial reportin& the management of Diocesan properties, polices relatingto employrnent and the compliance of the Charity with relevant company and charity legislation. 13

Authority for the management of the day-to-day business of the Diocese and compliance with civil legislation is delegated by the Board to the respective departmental Dirertors and parish priests in accordance with their directions. In March 2014, the Finance Board (now known asthe "Board-l approved revised Articles of Association for the Corporate Trustee, establishing the Bishop of Brentwood as the sole Member of the Corporate Trustee- the Board cannot implement a decision with which the Bishop disagrees. In December 2020, following an internal governance review, the Articles of Association were further revised, inter alia removing references to the 'Finance Board. and replacing these with the "Board" Sub-committee5 of the Board The Board has established several Sub-committees delegating to them the consideration of specific areas of importance to the Diocese and authorising them to make some decisions and to submit recornmendations to the main Board for approval-. Parish Renewal Education Finance and Administration (including Investments) Health & Safety Human Resources & Diversity Property Safeguarding Youth Ministry and Pastoral Care A separate committee (not a 5ub-Committee of the Board) reviews the provision of support to sick and retired clergy and meets on a regular basis. Key Management Personnel The Trustee considers that the Directors of the Corporate Trustee. together with the Director of Finance, the Director of Education, the Diocesan Safeguarding Coordinator, the Diocesan Director of Development. the Director of Property and the Bi5hop'5 Delegate for Civil Administration comprise the key management personnel of the Charity, in charge of directin& controllin& running and operating the Charity on a day to day basis. Salaries are reviewed on an annual basis by the Human Resources Team and authorised by the Board. All Directors of the Trustee gave of their time freely, and no Director received remuneration in respect of their services as Directors of the Corporate Trustee. Details of the Trustee Directors, expenses are disclosed in Note 18 of the accounts. Financial Revlew Investment policy The Diocese follows a total retum investment policy, to achieve long term capital and income growth, to provide sufficient income to support today'5 beneficiaries whilst still seeking 'real' growth in capital over rolling 5 year periods to meet the future needs of the Charity. The 5 year annuali5ed performance of the portfolio was 7.1% as at 31 March 24 in compari50n to the 5 year annualised CPI of 4.4%. The Portfolio has performed better when compared to the ARC Peer Groups. The Trustee is empowered within the Trust Deed to invest any monies as authorised by law for the investment of trusl monies. in a manner which it thinks fits with the consent of the Bishop. The provisions of the Trustee Act 2000 apply. 14

Under section 26 of the Charitie5 Act 1993, an Order was made by the Charity Commission on 5 December 1999 granting the Trustee power to appoint an investment manager. and to appoint a corporate body as the Trustee's nominee to hold the investments of the Charity. The General Power of Investment in the Trustee Act 2000 allows 'Trustees to invest trust funds in any kind of investment, excluding land lexcept under certain provision5], in which they could invest if they were the absolute owner of those funds.. Diocesan Ethical Policy for investments: The Diocesan investment portfolio avoids investment in tobacco, arms, alcohol, gambling and pornography. Investment is also to be avoided in companies which support oppressive regimes, or trade in products which are produced by child labour or in forced labour camps, or companies which have been involved in the exploitation or unjust treatment of employees. Our investment managers, Sarasin and Partners LLP, monitor any investments made bytheir Endowment Fund in companies which generate any revenue from the direct or indirect manufacture of pharmaceutical products. the use of which would contravene the Catholic Church's teachinE on the sanctity of life. The fund manager also seeks to avoid investments in companies involved in predatory lending. Our investment managers take a priTractive approach in respect of voting on company resolutions, in order to promote responsible long- term stewardship. The Saiasins Endowment Fund will not invest in tobacco and will also avoid investment in companies that have more than IO% of their turnoverfrom the following- Alcohol Manufacture Armaments Gambling Pornography Sarasin & Partners has continued to actively engage with companies and regulators in order to uphold high standards relating to environmental, social and governance matters on behalf of the Trustee. Risk Management: The Dirertor5 of the Corporate Trustee have assessed the major risks to which the Charity is exposed and are satisfied that adequate systems are in place to mitigate exposure to these risk5. Risks are recorded, by department, and a RAG status applied. Actions to mitigate the risks are identified and a timescale for completion assigned. The major risks are considered to be health and safety (ensuring that our buildings are maintained to an adequate Standard, and policies dhered tol, and pastoral (the falling number of priests in ministry). To mitigate the health and safety risks, a Health and Safety Committee meets on a regular basis to ensure that policies are being communicated and applied appropriately. risks are reviewed and artion taken where appropriate. Health and Safety representatives are appointed at parish level. In respect of the falling number of priests in ministry, the Diocesan Vision addresses this issue and sets out plans in order to mitigate this risk going forward. Financial c￿trol Policy: Our Diocese has a series of financial controls and signing limits in place lin the parishes and at the Curial in order to enable the Corporate Trustee to exercise its legal duties- To ensure we are carrying out our purpose5 for the public benefrt To comply with our governing document and the law To act in the best interests of our Diocese To manage responsibly the resources of our Diocese To act with reasonable care and skill To ensure that we are accountable. 15

We continued to review the support provided to parishes during 2023-24. together with our associated controls and procedures continue to be reviewed on an ongoing basis. Public Benefit: The Board Members confirm that they comply with the duty in $17 of the Charities Act 2011 to have due regard to the Charity Commission's public benefit guidance when exercising any power5 or duties to which the guidance is relevant. Details of the main activities undertaken to further the charitws purposes for the public benefit are noted earlier in this document. Fundralslng Pollcy: Our Diocese is registered with the Fundraising Regulator and is committed to the Fundraising Promise. We do not use any external fundraisers. We will commit to high standards. adhering to the Fundraising Code of Prartice at all times, monitoring any person that raises funds on our behalf, and complying with the law as it applies to charities and fundraising. We will be clear. honest and open. in respert of what we will do wtth donations. how gifts can be made or amended. and the purpose of our Charity. We will be respettful of the rights and privacy of any donor. We will treat donor5 and the public fairly and reasonably. and not accept donations from those individuals who we believe may lack the capacity to make an informed decision We will hold ourselves accountable and responsible. ensuring that our resources are managed responsibly and that we have a complaints procedure in place. No complaints about fundraising activities were received during the year. Reserves Policy: Unrestricted reserves, including parochial funds, totalled £51.4m. Restritted and endowment funds totalled £9.2m. Central Diocesan reserves are held to meet the future needs of the Diocese as a whole and absorb the impact of any material risk. Parochial reserves are held to meet the cost of future repairs and maintenance or major building projects which cannot be met out of expected income. The Diocese considers parish funds to be designated at parish level, for parish requirements. The policy of the Diocese is to maintain its reserves at a level that will provide the income necessary to a5SiSt it in implementing its future objective5. including but not limited to the increased cost of caring for the Sick and Retired Clergy of the Diocese. The Diocese aims to hold cash reserves of £IOm. Cash reserves as at 5 April 24 stood at £11.2m. Due to the size of the Diocese and the number of parishes within the Diocese. the Directors feel that this is a reasonable amount to cover expenditure for the period of one year. Should cash reserves fall below this, depending on the projected cash flow, investments may be liquidated. Funds Invested. and how they will be applied Restricted funds £8.3m The two largest funds are as follows= The Brentwood Ecclesiastical Education Fund {BEEFI, a fund for the 5UPPOrt and training of seminarians, was valued at £4.4m as at 5 April 2024. As at April 2024 there were five serninarians. When in seminary, each normally costing just under £50,OCM) p.a. During 2023124, a legacy of £270,0(KJ w35 recognised which together with gains in investments led to a surplus for the period. The second largest restricted fund is the Sick and Retired Clergy Fund standing at £1.89m. The Diocese is planning how best to finance the support of priests due to retire over the next 10-15 years. 16

Designated funds £2.7m The largest designated fund is the General Education Fund which stand5 at £2.3m. With the development of a new diocesan vision and strate8y for Education, the Trustee considers how best to utilise these funds. Permanent Endowment funds £lm The largest endowment fund is the Crowhurst legacy which stands at £0.5m- these funds are to be used to buy a suitable property for sick or retired priests. These funds have been used to purchase properties in order to meet the housing requirements of sick and retired priests. Unrestricted funds held by the centre £8.9m Non-parochial unrestricted funds are invested in the Sarasin Endowment Fund Iformerly Alpha CIF for Endowments) in order to generate investment revenue which contributes to the work of the Curia. The fund value has decreased year on year. Financial Perforniance: With reference to the statement of financial activities in the financial statements. At the end of the financial year 2023-24 diocesan funds as a whole totalled £62.2m12023: £60.3ml. Income has increased from £16.7m in the prior year to £17.7m. A continued gradual recovery in donations income and other income streams such a5 hall rental continues and one parishes have applied and received grant income in order to help finance projetts. Other income of £189k was generated primarily from the sale of one parish site (2023: £Sk). A5 part of the Diocesan Renewal process. we are reviewin8 our material assets in order to decide how best to use them for the future. Expenditure increased from £16.7m in the previous year to £17.2m, the most signtficant driver being an increase in costs incurred for liturgical and catechetical purposes. Parish Reserves As at 5 April 2024, parish fixed assets totalled £18.4rn12023'. £16.6ml and free Parochial reserves £21.4m12023'. £22.5ml. A large part of the increase in fixed asset value related to primarily to a project in one parish. Plans for the Future Our Diocesan Vision lon pages 3-12} details our plans for the ￿ture. the renewal process was relaunched in January 2024. Disclosure of infomiation to auditors The Members ofthe Board of the Trustee who held office at the date of approval of this report confirm thal, so far as they are each aware, there is no relevant audit information of which the charit(s auditors are unaware; and: each member has taken all the steps that he or she ought to have taken to be aware of any relevant audit information and to establish that the Charitvs auditor5 are aware of that information 17

STATEMENT OF TRUSTEE'S RESPON51BIUTIES The Trustee is responsible for preparing the Trustee's Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Charity law requires the trustees to prepare financial statements for each financial year. Under that law the Trustee has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice {United Kingdom Accounting Standards and applicable law}. Under charity law the Trustee must not approve the financial statement5 unless satisfied that they give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure. of the chartty for that period. In preparing these financial statements, the Trustee is required to: select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP 2019 IFRS 1021; make judgements and estimates that are reasonable and prudent.. state whether applicable accounting standards have been followed, subject to any materlal departures disclosed and explained in the financial statements- prepare the financial statements on the going concern basis unless it Is inappropriate to presume that the charity will continue in operation. The Trustee is responsible for keeping proper accounting records that disdose with reasonable accuracy at any time the financial position of the charity and enable it to ensure that the financial statements comply with the Charities Act 2011 , the Charitie5 {Account5 and Report Regulations) 2008 and the provi5ion5 of the trust deed. It is also responsible for safeguarding the assets of the charity and hence for takin8 reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the Board of the Corporate Trustee orflmar 2025 and signed on its behalf by: Dirertor 18

Reference and administrative details of the chari sole trustee and adviser5 REFERENCEAND AtXAIPllSThATIVE D￿mis OFTHE 01￿.5cLETRvsT£E￿￿4OAf￿GÉPs REG15tERED P14ME 8rÈnrw)d R(Th Cathc4K ￿e$￿) Trusi cHARnYPEGL5TBAT￿ NUMBER 234ry42 SOLETRUSTEE ThE TIu5t isadminisieredbvthe Bientwood Rtyxan Cathol DioceseTrustee (Tiust Coiporation- a(￿￿panY ItK(Kpotat&d 131n March 1948, Company Regislrati 4508971 PRINCIPALOFFICEAND REGisfERED OFFKE0FTHES(XETRL￿EE Cathedr House Inerave Road efentwwd Essex CM15 &4T DIREcr0￿ OF ThE SCLE TRUStEE {kn¢x￿ as Member5 ￿the Board) The threctLW5whoha¥e 5et¥ed thringiheyear, and 5illiE. area5 frAknws." Rt RÈvAan Willrom >M. Rt Re¥ KEV￿ Ha￿VG Rt ftev Mgt Chrlsiorkner8rotths Paiiitk t￿￿18p￿01nted 19 Septtfrtr 20241 Aev thmiDK Howarth Rev sieplth m￿r5 Mr Eghosa Idehen lappoinied 21 November 20241 MrPeterJohn Mrs Nic&ina L¥on Mrs Maureen Okove DIOCE￿ FINANaALSECHErARY nfrMarlÈStokkereit BAfiKEP5 HSBC PLC F￿[On H<WSÈ 8S.89 New Lorn(kn Road Ihelmslord Essex CM2 (WP SoUc￿0p￿ BoundaryHouse 91 C1￿11er￿￿sesir￿er l[￿dOn ECIM (*R AUDrrops Prite bal￿ LLP Tennyson House Cambndge ￿SinesS ￿￿k Catnbridge INVESTMENT A￿oR5 Sarayn & PaiLners LLP OTh House eC4M 8BU 19

INDEPENDENT AUDITORS REPORTTO THE TRUSTEE OF THE BRENTWOOD ROMAN CATHOLIC DIOCESAN TRUST Opinion We have audlted the financial statements of The Brentwood Roman Catholic Diocesan Trust Iihe 'charity'l for the year ended 5 April 2024 which comprise the Statement of Financial Activitie5. the Balance Sheet. the Statement of Cashflows and notes to the financial statements. including Significant accounting policies. The finanual reporting framework that has been applied in their preparation is applicable law and United Kingdom Accountingstandards. including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Irdand Iunited Kingdorn Generally Accèpted Accounting Practi￿}. In our opinion the financial statements.. Eive a true and fair view of the State of the £haritWs affairs as ai 5 April 2024. and of its incoming resources and application of resour￿$. including its income and expenditure. for the year then ended,. have been property prepared in accordan￿ with Unite(l Kirhgdom Generally At¢epled Accounting Practice.. and have been prepared in accordance wilh the requirements of the Charities Act 2011. 8a515 for opinion We conducted our audii in accordance with Intemational Standards Aud4ting IUKI IISAS IUKII and applicable law. Our ie5ponsibilities undef those standards are further described in the Auditorfs rèsponsibilities for the audr( of the financial statements section of OUT report. We are independent of the charity in accordance with the eihical requirements that ale relevant to our audit of the finanaal statemen15 in the UK. including the FRCS Ethical Standard. and we have fulfilled our other ethical responsibilitie5 rn actoidante with these requirements. We believe that the audit evidence we have obtained is suflicient and appropriate to provide a basis for our opinion. Concluslons relatin8 to goin8 concern In auditing the financial 5t3ternents, we have conduded that the tmstee< use of the going concern ba515 of accounting in the preparation of ihe financial siatements is appropriate. Based on the work we have performed. we have not identified any material uncèrtainties relating to events or conditions that, individually or collectNely, may cast $18nificant doubt on the charity'5 ability to continue as a 8oinE concern for a peiiod of at least twelve months Irom when the financial statements are authorised for issue. Our re5ponsibilitie5 and the responsibilities ol the trustees with respect to 80ing concem are described in the relevant sections of this report. Other Information The other inforrnation cornprisès the information included in the trustees, annual report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinlon on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report. we do not eypiess any form of assurance condusion thereon. Our responsibiltty is to read the other inlorrnation and, in doin8 so. conskler whether the other information is materially inconsistent with the financial 5tatement5 or our knowledge obtained in ihe course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparenl material rnis5t3tements, wè are requirèd to determine whether this gives rise to a material mi55tatement in ihe finanual statetnents themsefves. If. based on the work we have performed. we conclude thal there is a maieri31 misstatement of this other information. we are required to report that fact. We have nothtnB to report in this regard. 20

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

or having effect thereunder.

INDEPENDENT AUDITORS REPORT TO THE TRUSTEE OF THE BRENTWOOD ROMAN CATHOLIC DIOCESAN TRUST We reviewed systems and procedures to identify polential areas of management override risk. In particular, we carried out testing a sample ol journal entries and other adjustments for appropriateness. We reviewed key authorisation procedure5 and decision making prO￿seS for any unusual or one-off transactions. We reviewed minutes of Trustee Board meetings and agreed the finanaal statement disdosures to Under￿ing supporting documentation- We have made enquiries of management and officers of the charity regardi￿ laws and re8ulations applicable to the or8anisation; We reviewed the risk management processes and procedure5 in pla￿. We have reviewed any correspondence with the Chafity Commission and reviewed the procedure5 in place for the report ol incidents to the Tru51ee Board indudin8 serious incident reports of any such matter rf ne￿553￿Y. Because of the inherent limitations of an audr(. there is a riskthatwewill not deiert all irregularities. including those leading to a material misstatement in the finantial Statements or norrfompliance with regulation. This risk increases the more that compliance with a law or re8u13tion is rernoved from the events and transactions refiected in the financial statements, as we will be less likdy to become aware of the inslances of non-compliance. The risk is also greater regarding irreÈulaTlties occurring due to fraud rather than error. as fraud involves intentional concealment. foigery, collusion, omission or misrepresenlation. A further description of our responsibiltties is available on the Financial Reporting Council'5 web51te at.. tt www.frc.or Our-wor Audit Audit-and-assuranc 513ndards-and uidènc Standards-and- uidanc&lor- uditors Auditors-re5 onsibilities-for- -for-au it.as This description forms part of our auditorfs report. Use of our report Thi5 report is madè solely to thè chariVs trustÈes. as a b)dy, in accordance wrth Part 4 of the Charities IAccounts and Reports) Regulatiofts 2CN)8. Our audit work has been undertaken $0 that we might st3te to the charitV5 trustees Ihose matters we are required to State to them in an auditorfs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than thè charity and the charity's Irustees as a body. for our audit Work. for this report. or for the opinions we have formed. PRICE BAILEY LLP Chartered Accountants Siatulory Auditors Tennyson House. CambrKlge Business Pwk. Cambridge. CB4 OWZ Price Bailey LLP is e1￿ible for appointment as audrtor of the charty by virtue of ils eligibility for appointment a5 auditor of a company under section 1212 of the CompanEs Act 2006. Date: 2 April 2025 22

BRENTWOOD ROMAN CATHOLIC DIOCESAN TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 5 APRIL 2024 Unrestritted Par4)thial Restrirted Ethment Funds Funds Funds Funds 2024 Total 2023 Total Notés Restated Income from.. Donations and legacies Other trading activities Investment income Charitable Activities Other income Surplu5 on sale of fixed assets 14.320 83.583 458.539 51,955 8,168.519 1.277,669 226.289 648,341 6,356.896 14,539.735 13,893,447 1.361,252 1,327,315 916,887 814,750 738,959 710,817 231.965 38.663 94 188.789 188,789 4,705 Total Income 608,397 10.509.607 6,627,524 17,745,622 16,751,034 Expenditure on: Raising funds 86.885 142,957 229,842 229,965 Charitable a¢tMties 2.404,257 8,376,5C 6,160,382 16.941,145 16.466,862 Total Expenditure 2,491.142 8,519.463 6,160.382 17,170.987 16,696.827 Net income / lexpenditurel before other Eain5 and losses 11,882,745) I.￿.144 467.142 574.635 54,207 Investrnent GainsllLo55esl Unrealised 897,701 {30,3531 439,764 129.0031 1,278.109 1644,3601 Net lexpeTrditurellincome before transfers Transfers: From Parochial Funds Tojfrom Restricted Funds 1985,0441 1,959.791 go6.￿16 128.9091 1.852.744 1590,1531 15 1,697.123 184,4221 11.697.123> 447.955 15 1363.5331 Net Movements on Funds 627,657 710.623 543.373 128.9091 1,852.744 1590,1531 Rec¢rtciliatlon of lunds Fund5 brought forward Prior year adjustment 10,953,628 39.074.168 7.509.056 1,836.913 995.978 58,532,830 60,959.896 1,836,913 Funds Carried Forward £11,581.285 39.784.791 £9.889,342 £967,069 £62,222,487 £60,369,743 The statement of financial artivities includes all gains anil losses in thè period. All operations are continuing and there are no discontinued operations in either year. The (Dmpafative yearfs Statement of Financial Artivities is included in note 24. The notes form part of these financial statements 23

BRENTWOOD ROMAN CATHOLIC DIOCESAN TRUST BALANCE SHEET A5 AT 5 APRIL 2024 2024 2023 Ilotes FIXED ASSET5 Restated Tangible fixed assets Investments 20,872.085 29.214.539 19,248,922 28.253,761 50.086.624 47,502,683 CURRENT ASSETS Debtors Cash at bank and in hand 2.217.965 11,185.948 1,888,898 11,612.327 13.403.913 13,501,225 CREDITORS.. Amounts falling due Within one year io 11,268.0501 1634,1651 NET CURRENT ASSETS 12,135.863 12,867,060 £62,222,487 £60.369,743 FUNDS Unrestricted- General Designated 12 12 8.907.￿2 2.674,283 8,430,727 2,522,901 11,581.285 9.889.342 39,784,791 967.C69 10.953.628 9,345,969 39.074.168 995,978 Restricted Parochial Permanent Endowment 13 £62.222,487 £60,369,743 The financial 5talements were approved and authorised for issue by the Trustee on almarch 2025 and were sgned below on its behalf by= Director of the Brentwood Roman Catholic Diocese Trustee The notes form part of these financial statements. 24

BRENTWOOD ROMAN CATHOLIC DIOCESAN TRUST C￿H FLOW STATEMENT FOR THE YEAR ENDED 5 APRIL 2024 20Z4 2023 Restatèd Net Cash flow from Operating Activities Net Incomellexpenditurel Depreciation Investment income and interest re￿1ve￿ L0551surplusl on sale of fixed assets lincreasellDecrease in debtors Increase/(D￿re3Sel in creditors 574.635 479.979 1550.5301 1188,7891 1329.0671 636,885 54.207 418,465 1585.7991 1.019.620 1189,9021 623,113 716.591 Cash flows from Investing artivities Investment income and interest received Proceeds from sale of investrnent5 Purchase of tangible lixed assets Proceeds from sale ortangible fixed assets 550.530 317.331 12.129.514) 215.161 585,799 1331.8271 11.046,4921 253.972 1423,3791 970,563 Cash flows from financing activities Movements on loan5 to parishes from third Parties 13,(rfKJI 12501 Change in cash and Cash equivalents in the year Cash and cash equivalents at the beginning of the Year 1426,3791 970,313 11,612.327 10,642.014 Cash and cash eqUi￿lent$ at thè end of the year £11.185.948 £11,612.327 Analysis of changes in net debt Notes As at 614123 Resièted 11,612.327 18.(Kll.759 Cash flows Fair Movements Value A5 at 514124 Cash Cash Equivalents 1426.3791 11,185.948 19.263.616 1.261,857 Loans and creditors falling due within one year Total io 1634,1651 1633.8851 11,268.0501 £28.979,921 EII.060.2641 £1,261.857 £29,181,514 The notes form part of these financial statements 25

BRENTWOOD ROMAN CATHOLIC DIOCESAN TRUST STATEMEMT OF ACCOUNTING POLICIES FOR THE YEAR ENDED 5 APRIL 2024 The financial statements have been prepared in accordance with all statutory requirement5 and with A(wunting and Reporting by Charities.. Statement of Re(ommended Practice applicable to chariiies preparing their accounts in accordance with the Financial Reporting Standard applicable to the UK and Republic of Ireland IFRS1021 (Effective l January 20191- (Charitie5 50RP IFRS10211, the Financial Reportin8 Slandard applicable in Ihe UK and Republic ol Ireland IFRS1021. The particular accounting policie5 adopted are deKribed below. The finaniial staternent5 ore prepared under the historical cost conveniion. as modified to inclijde certain tangiblelixed as5et5 at avaluatK>n and r￿ed asset invesimentsat market value. Figuresare presented in 5terlsng and rounded to the nearest F4MJnd. The Brentwood Roman Catholic Diocesan Trust meet5 the definIt￿n of a publK benefft enttty under FRS102 and was constituted by Trust Deed in 1947. The Brentwood Fcclesiastical Education Fund5 IBEEFI is separatety constitvted under Trust Deed dated 11 July 1922 and registered with the Charity Commission under number I(￿7745. The Brentwood Diocesan Investment Pooled Fund 15 Separately re8151ered with the Charity Commission under number 1067742. Under S26161 of the Charities Act 1993. these three charities which have the Sarne Trustee are permitred to be treaied a5 a single entity for ￿COuntIng purposes. The Inancial 5tatement5 have been prepared to gNe a 'true and fair. view and have departed from the Charitie5 IAccounts and Reports) Regulations 2￿8 On￿ to the extent required to provide a Irue and fair viev/. This departure ha5 invofved following Accounting and Reporting by Charities preparing their accounts in ￿cOr(lance with the Finanoal Reporting Standard applicable in the VK and Republic of IrelaMI IFRS 1021 effectNe from l January 2019 rather than the Accounting and Aeporting by Charities.. Statement of Recornmended Practice effective from l April 2(K)5 which has since been withdrawn. Preparation ol •c¢ounts on a golng concern basis Havingcon5idered the cash reserves as at February 2025, flrture budgets and cash flows. theTru5tee confirms that there are no material uncertaintie5 about the entity's abilityio continue as a going concern for the foreseeable future. The Directors of ihe Corporate Trusteehave reviewed the £a5h reserves as February2025 and the projetted cash outflow over the next twelve rTh)nths. In lighr of these considerations. the Trustees continue to adoo the Eolng concern basis in preparing these financial statwnents. bl Legacles. Dwations and Grants Le8acie5 &nd donations are r￿ognIsed when receivable or when the Diocese becorne5 legally entitled tothem and receipt is probable. ènd they can reasonably be measured in financial ternts. Re(eipts of Property, investments or other 81fts in kind are included at market v￿￿e. Grants are recogni5ed when the charity has entttlement and when the amount Is rreasurable. Investment Income Investment income Is accounied for as it accrues. dl Expendlture Costs ol rsin8funds ccKnprlsethose costsassociated vAth attraciirev(Auntaryincomeand the manè8ement of the Charity's investments. Costs of charitable actNlties consist ol all expenditure direttty relin8 to the objetts of the Charlty. SUp￿rt Costs which cannot be direuly allocated are apportioned between charr(able attl￿tIeS and governance costs on the basis of the Tru#ee's estimate of the time spent on the relevant functions. Employment benefits, including hdiday pay. are reC￿nISed in the perKMJ in which they are earned. Terminatlon beneflts are recognised in the period in which the decision is made and communicated to the relevant employee¢51. Governance costs include expenditure on management and tompliance wth conStitut￿nal and statutory requirernents togethef with an alkxation of SUp￿rt cost5. Irrecoverable VAT is induded with thetètegory of expenses to which it relates. 26

BRENTWOOD ROMAN CATHOLIC DIOCESAN TRUST STATEMENT OF ACcOu￿1NG POLICIES Icontinuedl FOR THE YEAR ENDED 5 APRIL 2024 el Tanglble Fixed Assets Prior to 6 April 1996 the cost of fiyed assets was written off in the year of acquisition and no comprehensive cost records were maintained. In order to arrive at a reasonab￿ valuation of parish propeity, taking into account age, type, condition and life expertan¢y. the Trustee considered that insured values ai 6 April 1997 should be discounted by 90% and in 5vbsequent years be depreciated ai 2% per annum. This valuation will not be updated in the future. Properties acquired after 6 April 1996 are capitalised at their actual cost of a¢quisitlon. The school properties Iland and building51 are vested in the name of the Diocesan Trustee. The Diocesan Trustee cannpt take a unilateral decision to dispose of these properties. Disposal (an onty occur il the school governors and the Secretary of State for Education decide thèt all or part of a school site 15 no longer required for education. In mosl CiTcumsEances, where a disposal occurs. the Secrètary of Slate or the local authority may be entitled to rècoup grant. Although no rhghts of ownership vest in the school governing body. m05t other rights and obligations. such as for the Maintenan￿ and repair ol the sthool and its facilities. are passed to the governors. The Trustees therefore consider that, for the purposes of these financial statements, the nature of theii ownership is that of a cu5todi3nship, however these properties have been purchased and written off in the Diocesan accounts for the amounts thai the Diocese contributed in the past and the costs invofved have ntst been separately identrfied and are not considered material in the overall context of the accounts. The estimated cost of furniture, equipment and motor vehides held at 6 April 1996 has been cèpitalised in the financial staternents. Subsequent additions a￿ capitalised at C05t. Individual work5 of art. historical tieasures and plate are not depreciated as they have extremely lon8 lives and are considered to be worth preserving indefinitely. Depreaation is calculated by ihÈ straight line method to write off the costlvalue less anticipated residual value. over the expected useful lives of assets as follows=_ Freehold buildings additions ynce 6 April 1996 50 years Fixtures and fittings 10 years Furniture and equipment 1> £5,CO)I 5 years Motor vehicles 4 year5 The residual values of buildings held at 6 April 1996 are considered to be SI￿lf1(antlY higher than theircarrwn@value in the accounts resulting in a nil value for depreaètion charBe. 27

BRENTWOOD ROMAN CATHOLIC DIOCESAN TRUST STATEMÈNT OF ACCOUNTING POLICIES (Continued) FOR THE YEAR ENDED 5 APRIL 2024 Sthool Building Programme The Diocese assists schools undertaking major projects by meeting the costs and claiming grants on behalf of the schools. These grants are netied off 3Bainst the cost and onw the net C05t5 to the Diocese are intludÈd in the financial statements Financlal Instruments The charity only has financial assets and financial liabilit￿5 of a kind that qualify as basic finanoal instruments. Basic financial instrvrnents are initially recognised at transartion value arbd subsequently measured at their settlement value with the exception of bank loans which a￿ subsequently measured at amortised cost using the effective interest method. Fixed assets are recorded at depreciated historical cost or revaluatton, investments are retorded at their fair value which is the markei value as dtKlosed in note 11 and all other assets and liabilities are recorded at cost which is their fair value. hl Investments Pooled investments are valued at lair value on the balance sheet date. Investment properties are valued at fair value and stated at a Trustee's valuation. Unrealised 8ainsllosses on Invesiments are calculated as the difference between opening market value and closin8 market value after adju5tin8 for additions and disP05als during the year. less investment management and administration costs. Debtors Short term debtors are measured at transartion price. less any impairment. Loans receivable are measured initially at fair value, net of transartion costs. and are measured subsequently at amort15ed cost usin8 the effèttive interesi method, less any impairment_ Cash and cash equivalents Cash is represented by cash in hand and deposits with financial institutions repayable without nolice of not more than 24 hours. Cash equNalen15 are highly liquid investmen15 that mature in no more than three months from the date of acqui51tion and that are readily convertibfe to known amounts of Cash with insignlfficant rlsk of change in value. kl CredStors Creditors and provision5 are recogni5ed where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estirnated reliably. Creditors and provision5 are normalty recognised ai their settlement amount after allowin8 lor any trade discounts due. 28

BRENTWOOD ROMAN CATHOLIC DIOCESAN TRUST STATEMENT UF ACCOUNTING POLICIES Ictsniinuedl FOR THE YEAR ENDED 5 APRIL 2024 Fund accounting General funds These comprise the accurnulated surplus or defiat from the Statement of Financial Activities which 15 not reslricted nor designated funds. They are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity Designated Funds The5efynds are unrestricted funds èarmarked bytheTrusteefor particular purposes. Details of thefunds designated by the Tru51ee are set out in note 12. Restricted Funds These funds are subjett to restrictions imposed by the donor. Details of funds subject to legal restriction are sèt out in note 13. Parochial Funds Each p3rish within the Diocese of Brentwood is es￿bI[shed and operaies under the Code of Can¢)n law. whith mean5 that each parish has separate canontcal status. Therefore. parochial funds are treated as reslricted fvnds in these ¢counts. The use of the parochial funds is the responsibility of the Parish Priest, Board of Directors of the Corporate Trustee, and the Bishop. 29

BRENTWOOD ROMAN CATHOLIC DIOCESAN TRUST STATEMENT OF ACCOUNTING POLICIES Icontinuedl FOR THE YEAR ENDED 5 APRIL 2024 Penslons All eligible staff are members of an Aegon Eroup personal pension scheme to which the Charity makes contribution5. Employee5 may contribute an additional amount. As a defined contribution scheme. no liability falls upon the Charity. as employer. to make good a Shi￿￿311 of funding OthÈr than contributiOrt% duè. Some staff employed in Ihe educational work of the D￿Cese are member5 of ihe Teacher's PerLsion kheme lYPS"I which 15 a defined benefits scherne. Diocesan contribution levels are determined by Ihe TPS. The TPS is a multi- employer scheme. and, a5 there is insufficient inform31ion available to use defined benefit accounting. the TPS is treated as a defined contribution scheme for accounting purposes and the contributions reco8nised in the period to which they relate. Slgnlflcant jud8ements and estimall¢Jn ur￿rta1nty In preparing these ffinancial statements the trustees have had to make estimates and assumptions that affect the amounts recognised in these firhancial 5tate¥nent5. Estimates and judgements are continually evaluated and are based on historical experience and other fartors, includin@ expettations of future events that are believed to be reasonable under the circumstances. Key areas Subject to judgement and estimation are a5 follows.. Fixed a55ei depreciation. Judgement is applied when assigning antiopated average lives to the fixed assets of the charity. Investmenl properties are included ai a value determined by at a desktop valuation conducted by a property management company, or with reference to 5irnilar properties in the area of each respective property. 30

BRENTWOOD ROMAN CATHOLIC DIOCESAN TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2024 DONATION5 AND LEGACIES 2024 2023 Legacies Donations induding plate collertions Grant5 VASCA 12023 restatedl 385.343 9.629,752 563.058 3,961.582 493.946 9.290,496 4,109,005 £14,539,735 £13,893,447 INCOME FROM TRADING AcnvmES Parish hall arKI other rents received Fundraising events Other 949.639 403,659 7,954 909,5% 410.462 7,257 £1,361,252 £1.327.315 INVESfMENTINCOME Arising on quoied investments Incorne from investment properties Bank interest 550,530 232.620 133.737 583,289 229.608 1,853 £916,887 £814.750 INCOME FROM CHAR￿ABLE AcnvmES Altar society and repository sales Chaplaincies Retreat and course contributions Edu¢atlonal courses & fees 615,929 32,412 38.663 51,955 572,552 12.629 83,510 42,126 £738.959 £710,817 31

BRENTWOOD ROMAN CATHOLIC DIOCESAN TRUST NOTES TO THE ACCOUNT5 (Continued) FOR THE YEAR ENDED 5 APRIL 2024 Unre5tri¢*ed Pwothial Restrkted FvrKIs Fun¢ts Funds 2023 T4￿1 Total Ralsln8 ￿Thd$ Fundraisi￿ and Social Investment property repalrsand management Resmed 124,473 105,492 142.957 142,957 86,885 86.885 141gS7 229,84Z 229,965 Charltable Aalvlths Provision of worshlp Upkeep of buildings Deprecrotion Supwrt cost5 allocated 108.663 3.563.280 339.878 11.268 3.683.211 339,878 247,969 3,591,761 278.361 235.183 225.?95 22.174 334.458 3.￿3.158 33.442 4.271.058 4.105.305 C￿rRY4nd parish wpport Sick and retired clergy Clergy and church costs Education and tiaining P3rish administrath)n SLJPWrt costs allocated 214,064 812,375 156,984 214,064 4,420,846 169,413 737,296 433,945 271,043 4,071,515 111,730 693,485 411.571 191.328 12.429 3.417.143 737.296 395.141 38.804 598.898 4,154.439 1,222.227 5.975.564 S.559,344 Pastoral Care ènd Communlty Pastoral support OthervKariates Retreat centre5 Local community centre Cathedial mus DonatlOn5 paid Support cosr5 allocated 811 349,496 249,814 64,952 33,386 415,410 411,571 327.125 164.349 60.461 44.011 167.747 395.141 55,864 76.490 382,989 240.839 60,461 44,011 448,626 433,945 264.406 16.473 38.804 L158.834 264,406 188.611 1.611.8SI 1.525.440 Schods prn8ramme Bulldlng programme vi￿rIate for ed￿catIOn Support costs alkncated 24 174.285 112.898 54.503 4.168.020 536,996 11.086 4,247,407 711.281 123,984 4.412,601 746,583 117.589 312.L￿7 s4.￿3 4.716.102 5.082,672 5.276,773 8J76.S06 6,IfjOJ82 16941,145 ISA66￿62 T￿al Expendlwre £1491,142 £8￿19,163 £6,1￿1,382 £I7J70￿87 f 16.696AZ7 32

BRENTWOOD ROMAN CATHOLIC DIOCESAN TRUST NOTES TO THE ACCOUNTS (Continued) FOR THE YEAR ENDED 5 APRIL 2024 EXPENDITURE Icontinuedl Analysis of expendityre for the coftyarati¥e year: Unrestricled Parochlal Funds Fund5 2023 Total Funds Raisln8 Fund5 FundralsiNd and social lTrvestment prO￿ty Fnanagement Re￿ated Reststed 124,473 105,492 124.473 repairs 105.492 105A92 IZ4,473 Z29.965 Charltable Actfvltlos Prowsion of worshlp Upkeep of building5 Depre¢iatlon Supty)rt costs allocated 89,494 3.5(M).717 278.361 1.550 3,591,761 278,361 235,183 206,729 28.454 296,223 3,779.078 4.105.305 Cler8y and parish 5UPPf*t Sick and retired cler8Y C￿rgY and church costs Education and training Parish administration Support costs allocated 271,043 720.462 102.240 271,043 4.071,515 111,730 693,485 411,571 185,174 9,490 3,165.879 693.485 361.775 49.796 556,439 3,859.364 1,143,541 5,559,344 Pastoral Care and Community Supp Pastoral supp)rt Other v￿aliate5 Retreat centre5 Local Community centre Cathedral MUSK Donations paid Support costs alkxated 811 9,891 94,666 811 349,496 249,814 64,952 33,386 415,410 411.571 339.EA)5 155.148 64,952 33.386 157.101 361.776 250,037 8,272 49,795 1.111.968 250.037 163,435 1,525,440 S¢hools programme Building progratnme Irestatedl Vicariate for educaton Support costs allocated 94.692 4,310,409 510.705 14.226 4,412,60L 746.583 117.589 235.878 103.363 346.741 94.692 4.835.340 5,276.773 Z311.371 7.983.171 6.172320 16A66.862 Total Expenditure £2.416￿63 £8.107 £6.172320 £16.696.827 33

BRENTWOOD ROMAN CATHOLIC DIOCESAN TRUST NOI"&"S 10 THE ACCOUNT5 Iconrinuedl FOR THE YEAR ENDED 5 APRIL 2024 EXPENDITURE Iconlinuedl 2024 2023 Governance expenditure include5: Current Auditors, remuneration Auditors,. Other services included in professional fees Governance costs below include audit lees and legal advice received in respett of govèmance 4S.7LK) 45.700 An3tysls and allocatlon of support costs: Proviyon Support of Pastfxal Care & 2024 2023 of Worship C¢mmurMty Support Prryrnmrne Total Total Finance Office Human Resources Curial Administration Chancery & Tribunal Mens31 Rate5. Insuran￿ & 49.906 16.836 17.007 19,299 14.494 87.338 29.462 29,762 33,773 25.364 87,337 29,463 29.762 33.773 25.364 24,954 8.418 8,503 9,649 7.247 249,535 84.179 85.034 96.494 72.469 235,731 87,957 110.214 91,985 69,242 24,198 14,130 13.953 991 42,346 24.727 24.419 1,734 63,167 6.240 46.971 18.642 42,346 24.727 24,418 1,734 63.167 6.240 46.972 18,642 12.099 7,065 6.977 496 18.047 1.783 13,420 5.326 120,989 70.649 69.767 4.955 180,476 17.829 134,204 53.263 77.518 45.871 Maintenance & repairs Health & Safety" Professional fees Governance Bank Interest Depreciation Other 134.272 123.625 15.631 134,203 49,665 36,095 3,566 26.841 10.653 . wofp$5ionalfee5in prhiryT 47 £431945 £12 Analysis and allocatlon of support costsfor the previous year: Pro¥iy Support of Cler Pastor#l Core & commu￿¢¥ SuP￿rt Sthools 2023 ol Worship Prngramrr Tot Finance Office Human Resources Curial Administration Charbcery & Tribunal Mensal Rates, insurance & utilities 47.146 17.591 22,043 18,397 82.506 30,785 38.575 32.195 82, 30.785 38.575 32.195 23,573 8,796 11,021 9,198 235,731 87,957 110,214 91,985 69,242 77.518 45,871 13.848 15.504 9.174 24,235 27.131 16.055 24.235 27.131 16,055 6.924 7,752 4,587 Maintenance and repairs Professional fee5 Governance Bank Interest 26.855 24.725 3,126 26.841 9.933 46.995 43.269 5.471 46.971 17,383 È16.995 43.269 5.471 46,971 17,383 13,427 12,362 1,563 13,420 4.966 134,272 123,625 15.631 134,203 49,665 Depreciation Other L41L571 £411 $71 £117 £1 175 914 34

BRENTWOOD ROMAN CATHOLIC DIOCESAN TRUST NOTES TO THE ACCOU￿5 (Continued) FOR THE YEAR ENDED 5 APRIL 2024 STAFF The average number of employees of the Dioce5eduringtheyear and their aggregate emolument5 are shown below.. 2024 2023 Staff Costs.. Wages and 5al3ries Social security Perbsion costs Redundancy costs 2,560.725 178,299 247.910 1,428 2,471.970 176,335 252.419 1,0 £2.988,362 £2.901,724 2024 2023 Average Number of Employees= Administration Parish employees No No 41 139 45 136 181 180 Number of employ￿ who earned £60.LKKI or rnore durinB the year were- £60,000 . £70.CK £70,OJI- £80,￿)0 £80,LI)1- £90,￿1 £ioo.000- £iio,r Employer contributions totalling £35,79412023 £ 44.572) were made to personal pension schemes on behalf of the above employees. Key management personnel received salary. benefrts and pension contributions of £445,838 12023, £463,513) during the year. 35

BRENTWOOD ROMAN CATHOLIC DIOCESAN TRUST NOTES TO THE ACCOUNT5 (Continued) FOR THE YEAR ENDED 5 APRIL 2024 TANGIBLE FIXED ASSErs r￿ureS & Furniture & Aut 8vildings Fittin85 Equipment m•)biles Total VALUATION ANO C05T At 6 April 2023 Additions Disposals 27,315,176 1.887.043 140.5721 765,￿2 212.972 1,243.326 29.499 14,(MXI 29,337,504 2.129.514 140,572 At 5 April 2024 29,161,647 977,974 1,272,825 14,C¥XI 31,426,446 DEPRECIATION At 6 April 2023 Charge for year Disposals 8,504.772 358.937 114,2(M)I 373,715 97.797 1,206,595 19.745 3,5C(I 3.5CQ 10,088,582 479.979 114,21X)I At 5 April 2024 8.849.509 471.512 1.226.340 10.554.361 BOOK VALUE At 5 April 2024 £20,3J2,138 £506,462 £46,485 £7,CHXJ £20,872,085 At S April 2023 £18.810,404 £391,287 £36,731 10,51K) £19,248,922 The Charityalsoownsa number0fxho0ls7Athe￿theTw$tee cffixletsthth•r￿n￿￿p ts Ihat ota c¥srodiaoshlp. The assets ha¥ea net book ¥aluEof Nl¥ having been¥irittEnoff in the pastand Nxfapiialed.. AltstofthexhrA)tsinthe DA)ceseis sdout in theahnUalO￿(esaTh Directory. Apart fmm a sm31 wowtbon used form*)3eemeniaDd ￿m￿l￿Va￿)n. all I￿35$ets ¥e used in d¥ectfi¥thtsan¢e ofthetharit¢s object 36

BRENTWOOD ROMAN CATHOLIC DIOCESAN TRUST NOTES TO THE ACCOUNT5 Icontinuedl FOR THE YEAR ENDED 5 APRIL 2024 INVESTMENTS 2024 2023 Investment properties Stocks. share5 and unit trusts Isee below) 9.950,920 10.252,OCX) 19.263,617 18.001,759 Subsidiary comparby (See note 161 £29,214.539 £28,253,761 Analysis of stock5, shares and unit Irusts Income Unit5 in Sarasin Mpha aF 19.057,643 17,777,743 Cash awaiting investment 36,744 COIF Charities Investment Fund Accumulation Units 205.974 187.272 £19,263,617 £18.(X)1,759 Analysis of Investment Properties Openin8 Balance 10.252.000 9,628.799 Dlsposals 1317.331} Property revaluations carried oui by Chartered Surveyors Closing Balance 16.251 623.201 £9.950.920 £10,252,000 Total investments at market value- Opening Balance 28,253.761 28,898,121 Disposals 1317,3311 Unrealised11055e5l/gains duringthe year 1,278,109 1644,3601 ClosinB Balance £29.214.539 £28,253.761 Al the ab(we inwtments (other than cash and fv¥opertyl are quoted on a recogni5ed UK Stotk Exchan8e ￿ are ¥a¢ued by refelence to iJwestrnO￿tS listed on 3 weco8nlsed Stock EKth3￿e_ One WOPETtya55tt vla5a￿ed by • ￿￿tered RKSvaluerat Clutton5 LLP duiing 22123. All oter properties were ¥¥lued &Jring 22123 by RICS¥a&￿ ètstretknis Ltd (Peter Costelki MRICSaThJ PhI￿PWaterTr￿1d FRI￿1. Properties have fe-indexed with refe￿￿tetfj the 22123¥aluaiwns usingihe HDuse PrKe Index for E￿land as published on ihe g0vt.￿We￿te. Land h35 be￿ Tevalued %*ith relefen¢etO the Kn￿ht Frnnk FamiLind ￿￿ex. 37

BRENTWOOD ROMAN CATHOLIC DIOCESAN TRUST NOTES TO fHE ACCOUNTS (Continued) FOR THE YEAR ENDED 5 APRIL 2024 DEBTORS 2024 2023 School related receNables 130.653 238,430 Gift Aid receivable 1,665,455 1,286,042 Parish receivables including legary incorne and income from land sale5 78,875 278,383 other debtors and prepayments 342.982 86.043 £2.217.965 £1.888.898 10 CREDITORS 2024 2023 Amounts falling due within one year.. Bank overdraft and other loans Loans to parishes from third parties 3.750 6,750 Trust funds to be paid out 11.057 10,980 Other creditors and accruals12023 restated) 1.253.243 616,435 £1.268.050 £634,165 The Diocese has a loan from Ihe Cathedral arhd Choral Trust Fund la separate charityl. which is inlerest fr8e, and is repayable on a change of use of the Choir School Iwhether it IS 501d OT not). and the repayment is inflation linked. The likelihood of a change of use of the Choir School is considered io be remote. therefore the loan has a fair value of £Nil. If the loan had become repayable at 5 April 2024. it would have had a value of £340,28512023 £333.3031 38

BRENTWOOD ROMAN CATHOLIC DIOCESAN TRUST NOTES TO THE ACCOUNTS (Continuedl FOR THE YEAR ENDED 5 APRIL 2024 11. FINANCIAL INSTRUMENTS 2024 2023 Financial assets measured at fair value Financial a55ets measured by amortised cost 19,263,618 2.217.965 18.001,759 1,888.898 Financial liabilities meaSU￿d by amorti5etl cosi 1,268.050 634,165 Financial assets measured at fair value Comprise liste(l investments. Financial a55ets measured at amortised c05t cornprisegrants due on school projects and other debior5. Financial liabilrtie5 measured at amortlsed c05t comprise loans and oiher credittsrs. 39

8RENTWOOD ROMAN CATHOLIC DIOCESAN TRUST NOTES TO THE ACCOUNTS (Continuedl FOR THE YEAR ENDED 5 APRIL 2024 12. UNRESTRICTED FUNDS Balan￿ 3t Net IExpl/lncome Before Gains Gainsl Balance al 6 April 2023 (Losses) on Investments 5 April 2024 Transfers General Fund 8.430,727 {1.911.0421 1,612,701 774,617 8.907,003 General Education Fund Parishes in Need Fund 2,185.228 337,673 20.234 8.063 104,422 18,662 2,309,884 364.398 Total Designated Funds 2,522,￿1 28.297 123,084 2,674,282 £10,953.628 £11.882.7451 £1.612,701 £897,701 £11.581.285 For the comparative year.. Balance at Net IExplllrKome Before Gain5 Gain Balance at 6 April 2022 ILosses1 on Investments 5 April 2023 rransfers General Fund 9.606,453 11.930.357) 1,167.913 1413,2821 8,430,727 General Education Fund Parishes in Need Fund 2,255,683 348.924 35.775 7.734 1106.2301 118,9851 2.185.228 337,673 Total Designated Funits 2.IiW.607 43,509 1125,2151 2,522,901 £12.211.060 £11.886.8481 £1.167.913 £1538.4971 £10,953,628 General Ed￿￿tIon Fund This fund has been set up by the Trustee to Benerate income to meet the cost of building and improving schL)0￿ in the Diocese. Transfers are made frorn the General Fund for this purpose. Parishes in Need Fund At its September 2013 meeting. the Finance Board agreed that the £196k re￿IVed from the Catholit Church Insurance Association as its mernbefship award should be ring fenced to be used to provide finanoal and other support to Parishes defined as bein8.in nee(r. 40

BRENTWOOD ROMAN CATHOLIC DIOCESAN TRUST NOTES TO THE ACCOUNTS (Continued) FOR THE YEAR ENDED 5 APRIL 2024 13. RESTRicfED FUNDS Balan￿ at Net IExpl/lncome Before Gainslliosses) Balance at 6 April S April 2023 Gains Trarbsfe Investments 2024 (Reststedl Wal>rygham House 15.8921 137.8281 143,7201 &ik and Retired C￿rgY FJnd L750.593 167,7501 131.2Th) 67.146 1,881,189 Mensal Fund 612.049 151,967) 51.967 47.450 659.499 BEEF 3.839.114 257.695 13.6Tr)1 276.407 4.369,616 Vocatlons 92.425 5.951 98,376 1.836.913 I2(￿,438> 1.630.475 Mass Fund 198.491 11151 16.468 214,844 Parlsh Restricted Fund5 233,427 656.972 1563,0581 327.341 Caritas (merged with Social Welfare Fund previDusly in Other Re5trictedl BRCDT Education Fund 205.583 858 18.695 225,136 137.714 193.5261 44.188 other RestrKted Fund5 445.552 19.958 13.598 482.398 £9.345.969 £467.142 £1363,5331 £439,764 £9,889,342 Permanent Endowment Fund Crowhurst Legacy 520,978 121.4031 499.669 Sullivan 5pecialTru5t 475,CKKI 17.6cKII 467,4 £995.978 £129,0031 £967,069 Parochial Funds £39,074.168 El,W).144 Ell.249.1681 30.3531 £39,784,791 41

BRENTWOOD ROMAN CATHOLIC DIOCESAN TRUST NOTE5 TO THE ACCOUNTS (Continued) FOR THE YEAR ENDED 5 APRIL 2024 Restricted Funds for the comparative year= Balar￿e ai Gain5111055e51 Balance at IExplllncome 6Apiil Before S April 2022 Gains Translers In￿tMentS 2023 Restated Re51ated Restated WalsinEham House 5.264 111.1561 IS.8921 Sick and Retired aergy Fund 1.875.393 1206.7551 148.1(X) 166,1451 1.750,593 Mensal Fund 655,294 149.5791 54.607 148.2731 612.049 BEEF 4,098,939 25.568 I4.2(￿Tr 1281.1931 3.839.114 Vocations 9.421 92.425 Mass Fund 224.454 19.2101 116,7531 198,491 VASCA 2.038.317 1201.4041 1.836,913 Parish Restricted Funds 239.4(N) 159731 233.427 Caritas (merged with Social Welfare Fund preViou￿Y in Other Re5trirtedl 255.549 130.9471 119.0191 205,583 BRCDT Education Fund 54.814 82.9(Kl 137,714 Other Restricted Fun(ts 450.627 113.8331 445,552 9.981.055 £1395.3451 £205,475 £1445,2161 £9,345.969 Permanent Endowment Fund Crowhurst Legacy 502.918 J8.060 520.978 sullivan Special Trusi 455,739 19.261 475,000 £958.657 £37.32] £995,978 Parochial Funds 37.8CIJ.124 2.336.4C 11.373,3881 302,032 39,074,168 42

BRENTWOOD ROMAN CATHOLIC DIOCESAN TRUST NOTES TO THE ACCOUNT5 Icontinuedl FOR THE YEAR ENDED 5 APRIL 2024 13. RESTRICTED FUND Icontinuedl Wa15ingham House Thts house is used for the prOV￿￿)n of youth retreats. Sick and Retired aergy Fund Incorpe is used to help support lulty ￿tI￿, partralty retired and sick priests. Transfer5 represent contributions to the fund from the Diocese. Mensal Fund Thsfijnd is used tosuprm?rtt￿ D￿ce$anactNtt￿sOf the BisW- Tr3rL5fers representcontributionstolhefv￿frOrnthe Dlocese. BEEF IBrentwood Ecdesiastycal Education Fund) Thls funil meets the costs of training priests for the Dicre5e. Transfers Tep￿sent cont￿bu￿onS from Co1￿CtIOnS on Its beholf from ihe parishes. Mass Fund Income recefved from donor5 is paid to pne5ts wlKp cthbrate masses for the donors. Transfers represent mass stlpenés ￿]d over to parishe5. Par￿h Restricted Funds These fund5 consist ol donations an(1 otherCortrib￿￿Jns to p•rtshesforspecrfic purposes within the parish. BRCDT Education Full These funds are used to finan￿ the provision of edKation ad¥wrsto sclM)ols wrthin the Duese. Car"rta5 This fund 15 used to promote and support CalholK Social Teachin8. As such. the pre-exi5ting Soclal Welfare Fund Iprevious reported withitb Other Restricted Funds) has been incorp)r3ted into the Carita5 Fund. Voluntary-Aided Schools COndit￿n Allocation IVASCAI Thi5 fuThd represents the Cap￿al grant fundlre receNed bythe Oioceselrom the DfE. The fundlng is allocated by the Trustee to xhools to fvAd xhool £ak¥tal projects. 43

BRENTWOOD ROMAN CATHOLIC DIOCESAN TRUST NOTES TO THE ACCOUNTS (Continuedl FOR THE YEAR ENDED 5 APRIL 2024 13. RESTRICTED FUND Icontinuedl Other Restrtterne for Romafi C3tholK Priest5 sufferingfrom sickne55 or who have Mwed by reason of old age. The property may be sold but the proceeds must be invested in another yopertyto be used for the same PUffK)5e5. The pro￿rty was sold during 2￿5. The picKeeds have LEen invested with Sarasins until a soltable replacement property has been found. SullN3n SpÈcki1 Trust Thlsfund compri5e5 an in¥estrnent property the iwme of whKh s for benofitof the partsh priest at &xJthend parish. 14. ALLOC4TION OFTrIE CHARITY ASSErs Net Current AssÈtsl [L*kn1it￿5} Fixed Invettments Total UnrestrKte(I funds Parish fvnds Restricted lund5 Permanent Endowment fund 2,470.105 18.401.980 15.050.329 6.838.849 6.751.317 574.044 15,939.1491 14,543.962 3.138.025 393.025 11.581,285 39.784,791 9.889,342 967,069 Totsl Net A55ets E20.872.085 £29.214,539 £12.135.863 £62.222,487 For the comparative year Net Current Assets/ Fixed Assets Investments Total Unrestrirted funds Parish funds Restrirted funds Per￿￿nent EDtk)wmeot fund 2.604.310 16.642.212 14.146.116 6A69.201 6,318.066 920.378 15.796,7981 15.562,755 3,025,503 75,600 10.953.628 39.074,168 9.345.969 995.978 Total Net Assets £19,248.922 E28.253.761 f 12.867.060 £60.369,743 44

BRENTWOOD ROMAN CATHOLIC DIOCESAN TRUST NOTES TO THE ACCOUNTS (Continued) FOR THE YEAR ENDED 5 APRIL 2024 Is. TRANSFERS 2024 2W8 FromllTol Parochkil Funds D¢oce5an Quota other 1.738.954 141,8311 1,182,021 55,505 £1.697,123 £1,237,526 TollFroml Restricted FutKIs Permanent Endowment Re5trided General Parochial Sick and Retired C￿rgY Men￿1 Restricted funds spent on other 140.8LK) 1140.8001 1504.3331 184.4221 588,755 £1363.5331 £184.4221 £447,955 For the tomparaiive year-. PerrnanEnt Endowment Restricted General Parorhial Sick and Retired Clergy 140.8LLI li40.8￿) Mensal Restritted funds SFent on Other 64.675 169,6131 4,938 05.475 £169.6131 £1135,8621 45

BRENTWOOD ROMAN CATHOLIC DIOCESAN TRUST NOTES TO THE ACCOUNTS Icontinuedl FOR THE YEAR ENDED 5 APRIL 2024 16. RELATED PARTY ITKADING COMPANY) The Charity berficialty own5 ItKI% of the Sha￿ captsl of Brentwood DKKese ITradinEI Llmited, company numbÈr 2571381. which manages buildine contrdct5 foi Dmxese on a Th) profitlno bss b35is. Consolidated accounts have not been prepared because the fisures shown would not in the opinion of the Trn￿ee, be materially different Irorn those shown in the charitys ccounts. Its tradlng reyjhs for the year ended 31 Marth 2024 We￿ as follows." 2024 2023 Turnover Cost of Sales Proffit on ordSnary admties Interest in Brentwo(xJ Di(xese (T[adi￿) Lid £2 £2 AggreEate capital and reserves £2 £2 17. 8RENTWOOD ROMAN CATHOLIC OIIXE5E TRU5tEE The Charity is governed by the Board of DiTectors of the CorpcKate Trustee. The Brentwood Catholic Diocese Trustee Icorrnpany number4508971. 18. TRAN&4CTIONS WTH OIRECFORS OF TrIE CORPQKATE TRU5fEE A rnaiority of the Dlrettors of the Corp)rate Tnjstee are a150 parish prsts in thÈ Dfjocese. As priests they receNe Income from their parishes together with living accommodaiH)n. IMnEexpÈnses and reimbjrsementofcosts ¢ncurred on behawof their parish orb the same basis as other prie51S Wlthin the DirKese. They FK¥t reteNe any remuneration or ber￿fi(S from their trusteeship otherthan the purchase byihe Diocese of tru5tees' indernnity in5uiantE providingtover of upto £5,LKlO,0￿ duringthe year (the premium is paid as part OF public liability in5uian¢el. Travel costs totalling £NIL12023.. £NILI and consultanry c05t5 in respect of coutses arranged by VKariate for Education in the arrmyjnt of £1,2CO 12023 EI.21YJI were reimbursed to one12023'. onel Dirertor during the year. During the year, Director5 of t1￿ Corwrate Tr￿￿e th)nated £3.34012023 £3.3751 in 388re8ate, to the DI￿ese. 19. COMMITMEMrs 2024 2023 Authorised and contracted lor 235,410 8.747 46

BRENTWOOD ROMAN CATHOLIC DIOCESAN TRUST NOTES TO THE ACCOUNTS (Continued) FOR THE YEAR ENDED 5 APRIL 2024 20. THIRD PARTY COLLE￿10N5 Parishes hold collections on behalf of thir¢1 party tharities. Because the Diocese 15 acting as ageni for these charities, these collections have been excluded from these fi"nanoal statements. During the year £1.223.634 12023:£1.029.5711 was collecied on behalf of third party d)arities. At 5 April 2024 £344.77212023 £183,070) was held on behalf of third party charities. 21. RELATED PARTY TRANSACTIONS Related Party transactions with the Directors of the Corporate Trustee are disclosed in Note 18 of these Accounts. There were no other related party transactions during the year12023. nonel. 22.PENSION COMMITMENTS The ch3ritVs acadèmic and related siaff belong to the Teachers. pension Sd)eme England and Wales. This is a multi- ernployer defined benefit scheme. The latest actuarial valuation of the TPS relaied to the period ended 31 March 2020. There were no outstanding or prepaid coniribLttions at either the beginning or the ènd of the financial year. Teachers, Pension Scheme The Teachers, Pension Scheme ITPSI 15 a statutory, unfunded. defined benefrt stheme. governed by theTeachefS' Pensions Regulations 2014. Membership is automatic for teachers. AEI teachers have the option to opt-out of the TPS following enrolment. The TPS is an unfvnded scheme to which both the member and employer makes contributions. as a percentage of salary these contributions are credited to the Exthequer. Retirement and other pension benèfits are paid by public funds provided by Parliament. Valuation of the Tead)erfs Pension Stheme The Government Actuary. using normal actuarial prinCi￿eS, conducts a formal artuarial revièw of the TPS in actordance with thè Public Service Pensions Ivaluations and Employer Cost Capl Oirections 2014 published by HM Tieasury every 4 vears. The aim of the feview is to ensure scheme costs are reCOgn￿ed and managed appropriately and thè review speofies the level of future contributions. Actuarial scheme valuations are dependeni on a5sumpttons about thÈ value of future costs, design of benefits and many other fartors. The latest actuarial valuation of the TPS was carried out as at 31 March 2020. The valuation report was published by the Department for Education on 27 October 2023. with Ehe SCAPE rate, sei by HMT. applying a notional investment return based on 1.7% above the rate ol CPI. The key elemenis of the valuation outcome are.. • Employer contribution rates set at 28.68% of pensionable pay lincluding a 0.08% administratlDn bevy). This 15 an increase of 5% in employer contritmjtions and the cost control result is such that no change in member benefits 15 needed. • Total scherne liabilities Ipen5ioTrs currentty in payment and the estimated c05t of future benefits) for service to the effective date of £262.000 million and notional 355ets (estimated future contributions together with the notional investments held at the valuation datel of £222,2￿ million. giving a notional past 5er¥ice defjcit of £39.800 million The result of this valuatron will be implemented from l April 2024.The next valuation result 15 due to be implemented from l April 2028 47

BRENTWOOD ROMAN CATHOLIC DIOCESAN TRUST NOTES TO THE ACCOUNTS (Continued) FOR THE YEAR ENDED 5 APRIL 2024 A copy of the valuation report and Supporti￿ documentation is on the Teachers. Pensions website. Under the definition5 set out in FRS 102. the TPS is an unlunded multi-employer pension scheme. The Charity 15 unable lo identify its share of the underlying assets and liabilities of the plan. Accordingty, the Charity has taken advantage ol the exemptton irt FRS 102 and has accounted for its contributions to ihe scheme as if it were a defined contributw)n scheme. The Charity has set above, the informaD"on available on the scheme, A copy of the latest valuation report can be found by following this link to the Teachers. Pension Scheme website..

BRENTWOOD ROMAN CATHOLIC DIOCESAN TRUST NOTES TO THE ACCOUNTS Icontinuedl FOR THE YEAR ENDED 5 APRIL 2024 23. STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED S APRIL 2023 Unre5trirted Funds Parochial Funds Restrfrted Funds Endowment 2023 Total Notes Funds Restated Restated Income from: Donations and legacies Other trading activities Investment income Charitable Activitie5 oiher income Surplus on sale of fixed assets 36.504 91,758 359.627 42.126 8.354.313 1,235,557 264.288 585.181 S.502,630 13.893.447 1,327,315 814,750 710.817 190,835 83,510 4.705 4,705 Total Income 530,015 10.444,044 5.776,975 16.751,034 Expenditure on.. Raising funds 105A92 124.473 229,965 Charitable activities 2,311.371 7,983.171 6,172.320 16,466,862 Total Expenditure 2,416.863 8.107.644 6.172,320 16.696,827 11.886,848) 2.336,4 1395.3451 54,207 Investment Gainslllossesl Unrealised 1538.4971 302.032 1445.2161 37,321 1644,3601 Net Incomellexpendrturel bèfore transfers Tran5fer5-. From Parochial Funds Tolfrom Restricted Funds 12,425,345) 2,638.432 1840.5611 37,321 1590.1531 15 1.237.526 169,6131 11,237.5261 1135,8621 15 205,475 Net Movements on Funds 11.257,4321 1.265.044 1635.0861 37,321 1590,1531 Reconclliatlon of funds Funds brought forward Prior year adjustment 12,211,( 37.809,124 9,981,055 958,657 60.959,896 Funds Carried Forward £10.953.628 39,074,168 £9,345.969 £995,978 £60.369,743 49