NOThINGHAM DIOCESAN SICK AND REnRED PRIEsfs FUND ISRPF
CHARITY NUMBER 510119
CORPORATE TRUSTEE'S REPORT FOR THE YEAR ENDED 31ST MARCH 2023.
Nottingham Roman Catholic Oiocesan Trustees {referred to hereinafter as the Dioce5el, as
corporate trustee of the Nottingham Diocesan Sick and Retired Priests Fund Ireferred to herein
as the Charityl. has pleasure in presenting the Annual Report and Accounts of the Charity for the
year ended on 31" March 2023. They were approved by the Diocese on 14th December 2023.
Objectives and Activities
The purpose of the Charity is "to provide relief to needysick t7nd needy retired per50n5 who ore
or who hove been priests of the D￿Cese. Ireferred hereinafter as the SRPF Purposel. it ha5
continued to give grants to and make payments on behalf of beneficiaries accordlngto the SRPF
Purpose. The grants have been either payable dlrertty to the beneficiaries themselve5 OT for
their SUPFJOrt, for exarnple to care homes.
Accordingly, the main actNity undertaken to furtherthe wrpose of the Charity for the public
beneftt is the relief of poverty- In making this statement the oh￿se ha5 had regard to the
Charity Commission's guidance on public benefft. Its concern is to ensure that the beneficlaries
are able to retlre with a reasonable standard of living and dignity.
No staff are directly employed by the Charity. the administrative support being provided by the
Diocese.
Volunteers assist with the work of supporting the beneficrdries. but tt Is not practicable to
evaluate their contribution in terrns of hou¥$ or5taff equIVa￿nI5.
Related Party Transaction
All funds received during the year have been transferred to the Diocese. the fund5 to be placed
In a restrlcted fund of the Diocese with the same purposè as the Charity li.e. the SRPF Purposel.
which 15 included within the broader objects of the D￿ceSe, which are-_
111 The advancement of the Roman Catholic religion in the area of the Roman Catholic Diocese
of Nottingham as determined under the laws of the Roman Catholic Church and in accordance
wilh them.
121 The advancement of any charitable purpose supported by the Roman Catholic Church in any
part of the world.
The Trustees of the Diocese have determined that the assets of the re5trKted Si¢k and Retired
Priests Fund of the DKJcese will be used wholly for the SRPF Purw5e. The Trustees of the
Diocese, as corporate trustee of the Charity, believe the donation will be in the interests of Its
beneficiaiies by allowing the combined investment portfolio of the Charity and the Diocese to
generate greater returns. simplifying management and administration and giving the Truslees of
the Diocese greater flexibility over the all¢Xation ol rèsources in furthering its object5.
5pecifi'call¥, where thi5 donation is concerned. the SRPF Purpose.
No person who could currently benefit from the Chartty will be prevented from benefiting from
the restrirted fund of the Diocese sO￿ty due to the donation and the resulting transfer of assets
from the Charity to the Oiocese.

NOThINGHAM DIOCESAN SICK AND REnRED PRIESTS FUND ISRPFI
CHARITY NUMBER 510119
CORPORATE TRUSTEE'S REPORT FOR THE YEAR ENDED 31ST MARCH 2023
From l February 2022, all grants, donations and cosis associated wlth the SRPF Purpose have
been expended by the DI0￿Se and Charged against the new￿ formed restricted Sick and Retired
Prlests Fund.
For admln6trative rea50n5. some funds of the Chafity have been retalned by the Charity.
However, the intention is that these assets will aLso be donated to the Diocese for the SRPF
Purpose. In due course. once the Chartty no longer has any assets or income, an application wlll
be made to the Charity Commission for the Charity to be wound up.
Achievements & Performance
The Charity made no grants in 202212023 as thi5 is now undertaken by the Diocese.
The Charlty has tranSfer￿d all its investments to the Diocese.
Ananclal Revlew
The flnances of the tharity are as shown In the annual accounts.
The Investment Policy of the Diocese prov*Jes that it may requSre dLslnvestment of any holding
not considered acceptable in the context of a Catholic diocese.
The policy of the torporate trustee is to hold Su￿￿Oent reserves io ensure that all actual and
potential beneficiaries may be supported adequaiety for their expected life span as set out in the
Government Actuaries Department life tsble5 after PTovidin£ for any payments from the DI0￿$e
to the charity to support Its potential beneficiaries. From l February 2022, thi5 poIiLy 15 being
applied by the Diocese through its reStr￿ted Sick and Retired Priests Fund.
The reseTves at 31" March 2023 are £0 thousanfl12022.. £152 thousand).
The zero balance in the reserves b due to transfer of all assets and income from the charity to
the Oioce5e.
Plans for Future Perlods
A￿hoUgh the appeal launched in 2012 Is now largely concluded, some donations contlnue to be
eived by the Charity from a generous and supwrtive l￿dY of donors. These will periodically
be donated io the Diocese for the SRPF Purpose.
Strurture Govemance and Management
The charity 15 constituted under rts trnst deed whlch was last updated on 8, March 2010 in order
to prov*Je for the appointment of the sole Cor￿rate truslee. The appointment of the trustees is
bythe Bishop of Nottingham.
The Charity is managed by the Diocese, its ¢orpornte trustee. and further informatlon about the
Diocese can be obtained from its Annual Report and Accounts.
Major risks have been reviewed and systems or procedures have been established to manage
those risks.

NOThINGHAM DIOCESAN SICK AND RETIRED PRIEsfs FUND ISRPFI
CHARITY NUMBER 510119
CORPORATE TRUSTEE'S REPORTFOR THE YEAR ENDED 315TMARCH 2023
Reference and Admlnlstratl¥e Detams
The Charity is ihe Nottingham Di0￿$an SKk and Retiied Priests Fund, reglsiered number 510119. and Is
known ge￿rallY bythat name.
The adress of Its principal office t5..
Diocese of Nottingham
I Castle Quay. Castle Boulevard
Nottingham. NG7 IFW
The inveslments are hèld In ihe name of the investment mana8erfs nomineè company.
The membeis Of the Clergy Health & Wellbein8 Committee durin8 the yèar and to the date of this report
are as follow5..
Reverend P. Chipthase lin the Chairl
Reve￿nd E larosz
Reverend J Wheat
'RÈ¥erÈnd J Kyne {Episcopal for aergyl
"Rev Mr Anthony Corde5
*Mrs Frances Cordes
'Mr D Lawe5
'Mr J. GamTAe
'Mr C.B.A. Reynolds
"Non-votin8 membÈts.
The day to day running of the Charity 15 thè responsibility of the Chief Operatlng Officer ol the Diocese
IDavid Lawesl.
The bankers to the charity are..
Uoyds Bank plc
12-16 Lower Parlvament Street
NotlinBham NGI 3DA
The independent examiners to the tharity
Higson & Co luntiUy.è 20221
White House Wollaion Street
Nottingham NGI 5GF
PKF Smith Cooper Limited (from July 202212
Lace Market Square
Nottingham NGI IPB
The Investment Managers to the charity are-
Quilter Cheviot
Senator House
85 Queen Victoria street
London EC4V 4AB

NOThINGHAM DIOCESAN SICK AND REfiRED PRIESTS FiIND1SPPF)
CHARITY NUMBER 510119
CORPORATE TRUSTEE'S REPORT FOR THEYFARENDED 315tMARCH 2023
Other matters
The accounts of thetharity ale cowwlidated into the accwntsof tht Diocese. its Corporae
trustee.
No complaints have been reteNed in relation to fundraisin& In its fundraisi￿ the charlty does
not require donalion5 from vulnerable people.
No funds a￿ held by the tharity as custodian trustee on behall of others.
SYATEMENT OFTRUSTEE'S RESPONSIBIUTIES
The Trustees are resw)nsible for preparing the annual report. the strateglc report and the
financial statements in accordance wtth applKalAe law including the Charities IAccounts and
Report51 Regulations 2LKIB and United Kingdom GenerallyAccepted Accounting Practice.
The law apFAicable to charitles in En8land and Wales requires rheTrustees to prepare financlal
statements for each financial year which wve a ime and fwrview of the state of affairs of the
charity and of the surplus or deficit of the Charityfor that period. In prepariw these finantial
statements. the Trustee is reouired to-
selert suitable accourbtinB poIKies and then applythem consistentty.
make j￿1@*MentS and estimates that are rea%)nable and prudent- and
prepare ihe financial statements on the E(xn8 concern basis unless it i5 inapwopriate to
presurne that the charliy will continue in operation.
The Trustees are restKJnsiblefor keeping proper accountlng rec￿￿$ whKh dJs(105e with
reasonable ￿(￿racY at any time the finanual position of the (harity and which enable them to
ensure that the financial statements comply with the apkAicable law and provisions of the trust
deeds. The Trustee5 are also responsible for sale8uardingthe assets of the charity and for taking
reasonaile step5for the pwention and (knection of fraud and other irTe8ularities.
On behalf of the Trustee
Rl8ht Reverend P.J. McKiftney
pof 140ttingham and Chairmar of the Board ol Directors of
Nottingham Roman Catholic i*ote5an Trustees the soleirnsree of the Charity-
Dated 14th Detember 2023

NO￿INGHAm DIOCESAfrI SICKAND RETIRED PRIEST5 FUND ISRPF)
CHARITY NUMBER $10119
Independent èxaminerfs report to the trustee's of Notti￿aM Roman Catholic Sick And Retired
Priests Fund I'ihe charity'l
I report to the tharity lrnstee on my examination of thè accounts of the charity for the year ended 31
Marth 2023.
This rep(￿ is maije $￿elY to ihe charity's Trustees. a5 a body, in accordance with Part 4 of the
Charities (Accounts and Reports) Regulations 2OJ8. My work has been undert3kÈn so that I might
state to the charl￿5 Trustees those matters l am required to state to them in an Independent
examiner's report and for no other purpose. To the fvllest extent permitted by law, I do not aceepi or
assume responsibility lo anyone other than the charity and the charity'sTrustees as a body. for mv
work or for this report.
Responsibilities and basls ol rnport
As the trustee of the charity you are responsible for the preparatlon of the accounts in accorLlan
with the requirements of the Companies fv£t 20111'the 2011 Aci'l.
I report in respect of my examinatron of the tharity's accounts orried out under section 145 of the
2011 Act and in carryin8 Out rny examination I hove followed all thè applicable Directions 8Tr￿n by
the Charity Comffiission under section 14515llbl ofthe 2011 ACL
Independent examiner's statemenl
Your attention is drawn to the fact that the charity has wepared the accounts in accordante with
Accounting and Reportln8 by Charities= statement of Recthrmended Practice applicable to charitie5
preparlng their accounts in accordance ¥￿th the Financial Reporting 5trdndèrd applicable in the UK and
Republic of Ireland IFRS 1021 in preference to the Accountir& and Reportin8 by Charities.. Ststement
of Recomrnended Pr￿tICe Issued on l April 2CQ5 whith is referred to in the extant regulations but has
been withdrawn.
I have completed my examination. I confim that no matters have come to my attention in connectlon
with the examination giwn8 me cause to believe:
accounti￿ re¢ords were not kept in ￿pert of the tharity as required by 5eclion 130 of the
2011 Aet.. or
the attounts do not accord with those records; or
the accounts do not compty with the applicable requirements eoncemin8 the f¢th and content
of accounts set out in the (Jaritie5 IAccounts and Reportsl Regulation5 2008 other than anv
requirement that the accounts 8Ne a 'true and fair. view which is not a matter considered a5
part of an independent exafflination.
I have n¢* ¢on¢erns and have come a(ross no other matter5 in Connection with the examination to
which attention shouh4 be drawn in this report in orderto enable a proper understanding of the
accounts to be reached.
Si8ned=
Dated..
15 December 2023
sarah Hear ACA
lor & on the behalf of
PKF Smith CLwJper ￿Mited
2 Lace Market Square. Nottingham, NGI IPB

NOThINGHAM DIOCESAN SICK AND RETIRED PRIESTS FUND ISRPF)
ANNUAL ACCOUNTS FOR THE YEAR ENDED 315T MARCH 2023
StATEMENT OF FINANaALAFFAI
FOR YEAR ENDED 31ST MARCH 2023
2023
£OOOs
2022
INCOMING RESOURCES
Donatlons
Appeal
Gift Aid Refunds
Second Collectio
Legacies
Rental income
dend & Interesl Income
19
20
16
24
47
li
18
178
67
296
RESOURCES EXPENDED
Investment Management
Oonations
Grants
Miscellaneous costs
220
8.545
305
220
8,912
TRANSFERS INTRA DIOtsSE
Appeal donations from Parishes
OTHER RECOGNISEO GAINSILOSSES
Profitl (Loss) on investments
IDEFICITI I SURPLUS FOR THE YEAR
11521
18.1651

NOTllNGHAM DIOCESAN SICK AND RETIRED PRIESTS FUND (SRPFI
ANNUAL ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2023
BALANCE SHEET AT 31ST MARCH 2023
Note
2022
£OOOs
FIXED ASSETS
Investments
CURRENT ASSETS AMD UABILtriES
Current A>sets
Cash at Bank
Deblor5
130
26
156
Less.. Current Liabilities
Net Current Assets
152
NET ASSErs
152
FUND BALANCES
Accumulated surplus brought fop*ard
Current Yèar IDefiatl I Surplus on Income
over Expenditure
152
8.318
{1521
18.1651
Attumulated Surplus carried forward
152
Approved by the trustee on 14 December 2023
Right Reverend P J McKlnney 8￿hOp of Nottingham and Chaimian of the Board of Dirèctors
of Nottingham Roman Catholic Diocesan Trustee5 the sole trustee of the charity

NOTnNGHAM DIOCESAN SICK AND RETIRED PRIESTS FUND ISRPFI
ANNUALACCOUNTS FOR THEYEAR ENDED 31ST MARCH 2023
TATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31ST MARCH 2023
2023
22
CASH FLOWS FROM OPERATING ACtIVlTIES
11301
18,7821
Net cash provided by / (used Inl operating actlvlties
Cash flows from investing actNlties:
Oividend Income
pro￿edS fmm sale of investments
Purchase of investments
178
8,760
12671
Net Cash provided by lused inl investing activitses
8,671
Change in cash and cash equlva￿nts in the reporting
period
Cash and cash equivalents brought f¢yward
{1301
Iiiii
130
241
Cash and cash equivalents carried forward
130
Recondllatlon ol nÈt Ini(xnellexpen&rtuYe) to net ¢ash Ilows from operatlngacti¥ities
Net Income I lexpenditurel
Gains on investments
Dividends
Ilncreasel in debtors
Increase in creditors
11521
18,165}
14421
11781
26
141
Net cash prowded by / (used inl operatin8 activities
(1301
18,7821

NOTfiNGHAM DIOCESAN SRPF
TES & ACCOUNTING POLICIES FOR THE YEAR E
DEO 31ST MARCH 2023
I. ACCOUNTING POLICIES
The charity 15 a chariiable trust governed by its trust deed. The principal activtty is that of
provide ￿lief to needy sKk ènd needy retired person5 who are or who have been priests of the
Diocese of Nottingham. The address of the prinupal olfice is Diocese of Nottingham, I Castle
Quay, Castle Boulevard. Nottingham, NG7 IFW.
The preparation of the charitrfs financial statements require5 management to make judgments,
estimates and assumptions that aff￿t the reported amounts of income, expenses, assets and
liabilities. and the disclosure of contingent liabilrties. at the reporting date. However, uncertainty
aboLtrt these assumptions and estimates could result in material adju5tn*ntS to the cariylng
arnount of the asset or liability.
The principal accounting policies are summartsed below. The accounting policies have been
applied consistently ihroughout the yearand the preceeding years excèpt where stated.
Basis of Accountin
The a￿Ount5 have been prepared in accordance with Accounting and Reporting by Charities:
Statement of Recommended Practice applicable to charities preparing their account5 111
accordance with the Financial Reporting Standard applioble in the UK artd Republic of Ireland
IFRS 1021 leffectSve l January 20151- ICharit*s SORP IFIiS 10211, notwfchstanding that the
current Charitie5 IA¢counts and Reports) Regulation$ 2[￿ refer to the previous Charities SORP.
As ihere are no material uncertainties about the charit¢s ability to continue the accounts have
been prepared on a going Concern bast5. The rèporting is in pounds sterling. The charity meets
the definition of a public benefrt entity under FRS 102. Assets and liabilities are Initially
recognised at historical cost or transaction value unless otherwise stated in the relevant
accounting policy notesl5}.
Funds
All of the f(Ends of the charty are unrestricted in the hands of its trustees.
Incomin
resources
Incoming resources are included In the SLitement of Financial Activsties on the basls of the
amouni's receivable for the year. Legacies are included when there is sufficient probability of
receipt as at the end of the year. Investment income is induded when It is recei¥e(l. Gift Ald
rèfunds are included for the year to which they relète.
Resources ex
ended
Resources expended are recognised in the Statement of Financial Activit￿$ when a legal or
constructive obligatlon has arisen. Irretoverable VAT 15 included in the related expendlture.
Taxation
A5 a reglstered ¢harity, the charity b generally exempt fwom taXat￿n on its income and gains
arising out of its charitable activities.
Investments
In¥e5tment5 held as fixed assets are revalued at mid-market value at the balance sheet date.
Gains and losses on investments are reported In the Statement of Flnancial Affair&

NOThNGHAM DIOCESAN SRPF
NOTES & ACCOUNTING POLICIES FOR TH
YEAR ENDED 31ST MARCH 2023
Debiors
Oebiors represent amounts whlch ihe charity expects to ￿ceIve at the balance sheet date less
any reduction for amounts which are or may be unreceviable. These also include the unexpired
amount of expenditu￿ incurred before that dale.
Creditors
Creditors represent arnounts whith the charity expects to pay atthe balance sheet date. It
includeds any amount set aside to provide for expenditure where there ￿ a reasonable
expertation that it may become payable.
Activities
As there is only one principal activltyfvrther analysis of It or of 5UPPOrtin8 Costs is not provided.
70

NOTnNGHAM DIOCESAN SRPF
NOTES & ACCOUNTING POUCIES FOR THE YEAR ENDED 31ST MARCH 2023
2. AUDITORS REMUNERATIOM
2022
£OOOs
Fees payable for the audit of the
financial statements
3.IN
Ll ted Investments
Tc*al
Carfwng value at 1st April 2022
ditions at cY)st
Amounts ￿￿t￿￿wn
Net d15PLwI w(teeds
Management Charges
Dmdend Income
Transfers
Revaluab
Realised net gauW(losses)
Unrealis&l net gainslllosses)
Carrying value at 31st Marth 2023
8.051
267
(215)
(8,545)
21
421
4. DEBTORS
Other Debtors
Glft Aid
13
13
26
5. CREDITORS DUE WITHIN I YEAR
Audit AccrLJal

NorriNGHAM DIOCESAN SRPF
COUNTING POLICIES FOR ThE YEAR ENDED
T MARCH 2023
MOVEMENT5 IN OPENING FUNDS
2023
022
Balance at 1st A￿1 2022 Ixwht fowward
SUr￿U$l (Deficit) forthe year
152
11521
8.318
18.16SI
Balance at 31st March 2022
152
7. RELATED PARTY TRANSAcnoNS
In50faras the trustee 1$awa￿. there aTe ￿ matters req￿Ired to be rtF(rted
otherthan already sh¢)wn in these accounts wtthin the Trustee Re￿t in the ￿t￿)ft
headed"Related PartyTrarfjaclkn￿'.
12