NOThINGHAM DIOCESAN SICK AND RETIRED PRIESTS FUNDISRPFI
CHARITY NUMBER 510119
CORPORATE TRUSTEE'S REPORT FOR THE YEAR ENDED 31ST MARCH 2025.
Nottingham Roman Catholic Diocesan Trustees Ireferred to hereinafter as the Diocese), as
corporate trustee of the Nottingham Diocesan Sick and Retired Priests Fu¢)d Ireferred to herein
as the Charity), has pleasure in presenting the Annual Report and Accounts of the Charity for the
year ended on 31, March 2025. They were approved by the Diocese on 29 january 2026.
Objectives and Activities
The purpose of the Charity is "to provide relief to needy sick ond needy retired persons who are
or who hrjve been priest5 of the Diocese" Ireferred hereinafter as the SRPF Purposel. It has
continued to give grants to and make payments on behalf of beneficiaries according to the SRPF
Purpose. The grants have been either payable directly to the beneficiaries themselves or for
their support, for example to care homes.
Accordingly, the main activity undertaken to further the purpose of the charity for the public
benefit is the relief of poverty. In making this statement the Diocese has had regard to the
Charity Commission's guidance on public benefit. It5 concern is to ensure that the beneficiarie5
are able to retire with a reasonable standard of lÈving and dignity.
No staff are directly employed by the Charity, the administrative support being provided by the
Diocese.
Volunteers assist with the work of 5UPPOTting the beneficiaries, but it is not practicable to
evaluète their contribution in terms of hours or staff equivalents.
Related Party Transaction
All funds received during the year have been transferred to the Diocese, the funds to be placed
in a restricted fund of the Diocese with the same purpose as the Charity li.e. the SRPF Purposel,
which is included within the broader objects of the Diocese, 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
with them.
121 The advancement of any charitable purpose supported by the Roman CathDlic Church in any
part of the World.
The Trustees of the Diocese have determined that the assets of the restricted Sick and Retired
Priests Fund of the Diocese will be used wholly for the SRPF Purpose. The Trustees of the
Diocese, as corporate trustee of the Charity, believe the donation will be in the interests of its
beneficiaries by allowing the combined investment portfolio of the charity and the Diocese to
generate greater returns, simplifying management and administration and giving the Trustees of
the Diocese greater flexibility over the allocation of resources in furthering its objects,
specificallyi where this donation is concerned, the SRPF Purpose.
No person who could currently benefit from the Charity will be prevented from benefiting from
the restricted fund of the Diocese solely due to the donation and the resulting transfer of assets
from the Charity to the Diocese.

NO￿INGHAm DIOCESAN SICK AND RETIRED PRIESTS FUND ISRPFI
CHARITY NUMBER 510119
CORPORATE TRUSTEE'S REPORT FOR THE YEAR ENDED 31ST MARCH 2025.
From l February 2022, all grants, donations and costs associated with the SRPF Purpose have
been expended by the Diocese and charged against the newly formed restricted Sick and Retired
Priests Fund.
For adminlstrative reasons, some fullds of the Charity have been retained by the Charitv.
However, the intention 15 that these assets will a150 be donated to the Diocese for the SRPF
Purpose. In due course, once the Charity no longer has any assets or income, an application will
be made to the Charity Commisslon for the Charity to be wound up.
Aehievements & Performance
The Charity made no grants in 202412025 as this is now undertaken by the Diocese.
The Charity has transferred all Its investments to the Diocese.
Financial Review
The finances of the charity are as shown in the annual accounts.
The Investment Policy of the Diocese provides that it may require disinvestment of any holding
not considered acceptable in the context of a Catholic diocese.
The policy of the corporate trustee is to hold sufficient reserves to ensure that all actual and
polential beneficiaries may be supported adequately for their expected life span as set out in the
Government Actuaries Department life tables after providing for any payments from the Diocese
to the charity to support its potential beneficlaries. From l February 2022, this policy is being
applied by the Diocese through its restritted Sick and Retlred Priests Fund.
The reserves at 31" March 2025 are £0 thousand12024: £2 thousandl.
The zero balance in the reserves is due to transfer of all assets and income from the charity to
the Diocese.
Plans for Future Periods
Although the appeal launched in 2012 15 now largely concluded, some donations continue to be
received by the Charity from a generous and supportive body of donors. These will periodically
be donated to the Diocese for the SRPF Purpose.
Structure Governance and Management
The charity is constituted under its trust deed which was last updated on 8 March 2010 in order
to provide for the appointment of the sole corporate trustee. The appointment of the trustees is
by the Bishop of Nottingham.
The Charity is managed by the Diocese, its corporate trustee, and lurther information about the
Diocese can be obtained from its Annual Report and Accounts.
Major risks have been reviewed and systems or procedures have been establish2d to manage
those risks.

NOTTINGHAM DIOCESAN SICK AND RETIRED PRIESTS FUND ISRPF)
CHARITY NUMBER 510119
CORPORATE TRUSTEE'S REPORT FOR THE YEAR ENDED 31ST MARCFI 2025.
Rèference and Admlnlstrative Details
The Charity Is the Notlingham Diocesan Sick and Retired Prie5t5 Fund, registered number 510119, and 15
known generally by that name.
The adree of its princlpal offl¢e Is..
Diocese of Nottingham
St Hugh's Houge, I Castle Quay
Nottingham, NG7 IFW
The investments are held in the name of the Investment manager's nominee company.
The members of the clergy Health & Wellbe1ng Committee during the yÉar 3nd to the date of thi5 report
are as follows..
Reverend P. ChSpchase lin the Chairl
Reverend E Jarosz
Reverend J Wheat
°Reverend J Kyne IEpi5copal Vicar for Clergy)
°Rev Mr Anthony Cordes
*Mrs Frances Cordes
'Mr D Lawes
'Mr l. Gamble
'Mr C.B.A. Reynolds
Non-voting members.
The day to day runnlnB of the Charity is the responsibility of the Chief Operatlng Officer of the Dlocese
(David Lawesl.
The bankers to the charlty are..
Lloyds Bank plt
12-16 Lower Parllament street
Nottingham NGI 3DA
The independent examlners to the charity are..
PKF Smith Cooper Audit Limited Ifrom July 20221
2 Lace Market Square
Nottingham NGI IPB
The Invèstment Manager5 to the charity are..
Quilter Cheviot
Senator House
85 Queèn Victoria Street
London EC4V 4AB

NOThINGHAM DIOCESAN SICK AND RETIRED PRIESTS FUND ISRPFI
CHARITY NUMBER 510119
CORPORATE TRUSTEE'S REPORT FOR THE YEAR ENDED 31ST MARCH 2025.
Other matters
The accounts of the charity are con501idated into the accounts of the Diocese, Its corporate
trustee.
No complaint5 have been received in relation to fundraislng. In its fundrai5in& the charity does
not require donations from vulnerable pèople.
No funds are held by the charity a5 Custodian trustee on behalf of other5.
STATEMENT OF TRUSTEE'S RESPONSIBILITIES
The Trustees are responsible fof preparing the annual report, the strategic report and the
financial statements In accordance with applicable law including the Charities (Accounts and
Repoitsl Regulations 2008 and United Kingdom Generally Accepted Accounting Practlce.
The law appllcable to charities in England a￿￿ Wales requires the Trustees to prepare financial
statements for each financial year which give a true and falr view of the state of affairs of the
charity and ol the 5urplu5 or deficit of the Charity for that périod. In preparing these financial
statements, the Trustee is reQ￿Ired to=
select suitable 3ccour)ting policies and then apply them consistently.
makejudgements and estimates that are reasonable and prudent,. and
prepare the financial statpments on the goln8 concein basis unless it is inappropriate to
presum8 that the charity wlll continue in operation.
The Trustees are responsible for keeping proper accounting rècord5 which disclose wlth
reasonable a¢¢yTacy at any time the financial position of the charity and which enable them to
ensure that the financial 5taternents comply with the applicable law and provisions of the trust
deeds. The Trustees are also responsible for 5afegu3rding the asset5 of the charity and for taking
reasonable steps for the prevention and detection of fraud and other Irfègu13rities.
On behalf of the Trustee
t Vic I.
Right Reverend P.J. McKinney Blshop of Nottingham and Chairman of the Board of Directors of
Nottingham Roman Catholic Diocesan Trustees the sole trusteè of the Charily.
Dated 29January 2026

NOThINGHAM DIOCESAN SICKAND RETIRED PRIESTS FUND ISRPFI
CHARITY NUMBER $10119
Indèpendent examiner's report to the trustee's of Ntsttlngham Roman Catholic Sick And Retired
Prlests Ftjnd I'the charity'l
I repoirt to the charlty trustee on my examination of the account5 of the charlty for the year ended 31
March 2025.
This report is made solely to the charlty's Tru5tee5, as a body, in accordance wlth Part 4 of the
Charities IAccounts and Reports) Regylatlons 2008. My work has been undertaken so that I might
state to thè charity's Tru5tee5 those matters l am requlred to state to them in an Independent
examiner's report and for no other purpose. To the fijllest extent permitted by law, S do not accept or
assume responslblllty to anyone other than the charity and the charity's Trustees as a body, for my
work or for this report.
Responsibilities and basis of report
As the trustee of the charity you are responsible for the preparatlon of the acwunts In accordance
with the requirement5 of the Companies A¢t 20111'the 2011 Att'l.
I report In respect of my examinatlon of the charity's accounts carri?d cut under section 145 of the
2011 Act and in carrying out my examination I have followed all the appllcable Directlons glven by
the Charity Commission under Section 14515llbl of the 2011 Act.
Independent examlner'5 Statement
Your attentlon Is drawn to the f3Ct that the charity ha5 prepared the atcounts in accordance wlth
Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to Charities
preparing thelr accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021 in preference to the Accounting and Reporting by Charities.. Statement
of Recommended Prattice issued on l April 2005 which Is referred to in the extant regulations but has
been wlthdrawn.
I have completed my ex3minatlon. I confirm that no matters have come to my attentlon in connection
with the examination giving cause to believÈ'.
accounting records were not kept in respect Df the charFtY a5 required by section 130 of the
2011 Act,. or
the accounts do not accord wlth those records,. or
the account5 do not comply with the applicable requirements concerning the form and content
of accounts set out in the Charitie5 (Accounts and Repoit5I Regulations 2C>08 other than any
requirement that the accounts give a 'true and fair, view which is not a matter considered as
part of an independent examination.
I have no Concerns and have Come acr05S 110 other matters in connection with the examination to
which attention should be drawn In this report in order to enable a proper understanding of the
accounts to be reached.
Signed:
Dated.. 30 January 2026
S FlÈar
Sarah Flear
for & on the behalf of
PKF Smith Cooper Limited
2 Lace Market Square, Nottingham, NGI IPB

NOTTINGHAM DIOCESAN SICK AND RETIRED PRIESTS FUND {SRPFI
ANNUAL ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025
STATEMENT OF FINANCIAL AFFAIRS FOR YEAR ENDED 31ST MARCH 2025
2025
£OOOs
2024
£OOOs
INCOMING RESOURCES
Donations
Appeal
Gift Aid Refunds
Second Collections
Lègacle5
Rental income
Dividend & Interest Income
15
16
18
17
36
43
RESOURCE5 EXPENDED
Investment Management
Donations
Grants
Mlscellaneous costs
39
42
39
42
TRANSFERS INTRA DIOCESE
Appeal donations from Parishes
OTHER RECOGNISED GAINS/LOSSES
Profit / (Lossl on Investments
IDEFICITI / SURPLU5 FOR THE YEAR

NOTTINGHAM DIOCESAN SICK AND RETIRED PRIESTS FUND (SRPFI
ANNUAL ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025
BALANCE SHEET AT 31ST MARCH 2025
Note
Z025
£OOOs
2024
£OOOs
CURRENT ASSETS AND LIABILITIES
Current Assets
Cash at Bank
Debtor5
Less: Current Liabilities
Net Current Asset5
NET ASSETS
FUND BALANCES
Accumulated surplus brought forward
Current Year (Deficit) I Surplus on Income
over Expenditure
121
Accumulated Surplus carrled forward
Approved by the trustee on 29 January 2026
Right Reverend P J McKiney Bishop of Nottingham and Chairman of the Board of DSrectors of
Nottingham Roman Catholic Diocesan Trustees the 501e trustee of the charitv

NOTTINGHAM DIOCESAN SICK AND RETIRED PRIESTS FUND {SRPFI
ANNUAL ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025
STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31ST MARCH 2025
2025
£0005
2024
£OOOs
CASH FLOWS FROM OPERATING ACTIVITIES
Net cash provided by / Iu5ed inl operatir)g activities
Cash flows from investing activities:
Dividend income
Proceeds from sale of investmènts
Purchase of investments
Net Cash provided by (used In) Investlng activities
Change In cash and cash equivalent5 in the reporting
period
Cash and cash equivalents brought forward
Cash and cash eqLtivalents carried forward
Recon¢lllatlon of net income/lexpenditurel to net cash flows from operating activitles
Net income I lexpenditurel
Galns on investment5
Dividends
IlncreasellDecrease in debtors
Increase in creditors
121
121
Net cash provided by I (used inl operating activlties

NorriNGHAM DIOCESAN SRPF
NOTES & ACCOUNTING POLICIES FOR THE YEAR ENDED 31ST MARCH 2025
I. ACCOUNTING POLICIES
The charity is a charitable trust governed by its trust deed. The principal activity is that of
provide relief to needy sick and needy retired persons who are or who have heen priests of the
Diocese of Nottingham. The address of the principal office is Diocese of Nottingham, I Castle
Quay, Castle Boulevard, Nottingham, NG7 IFW.
The preparation of the charity's financial ststements requires management to make judgments,
estimate5 and assumptions that affect the reported amounts of income, expense5, a55ets and
liabilities, and the disclosure of contingent liabilitie5, at the reporting date. However, uncertainty
about these assumptions and estimates could result in material adjustments to the carrying
amount of the asset or liabilitv.
The principal accounting policies are summarised below. The accounting policies have been
applied consistently throughout the year and the preceeding years except where stated.
Basis of Accountin
The accounts have been prepared in accordance with Accounting and Reporting by Charities:
Statement of Recommended Practice applicable to charitie5 preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republir. of Ireland
IFRS 1021 leffective I January 20151- (Charities SORP IFRS 10211, notwithstanding that the
current Charities IAccounts and Reports) Regulations 2008 refer to the previous Charities SORP.
As there 3re no material uncertainties about the charity's ability to continue the accounts have
been prepared on a going concern basis. The reporting is in pounds sterling. The charity meet5
the definition of a public benefit entlty urbder FRS 102. Assets and liabilities are initially
recognised at historical cost or transaction value unless otherwise stated in the relevant
accounting policy noteslsl.
Funds
All of the funds of the charity are unrestricted in the hands of its trustees.
Incomin
Tesources
Incoming resource5 are included in the Statement of Financial Activlties on the basls of the
amount's recelvable for the year. Legacies are Included when there is sufficient probability of
receipt as at the end of the year. Investment income is included when it is received. Gift Aid
refunds are included for the year to which they relate.
Resources ex
ended
Resources expended are recognised in the Statement of Financial Activities when a legal or
constructive obligation has arisen. Irrecoverable VAT is included in the related expenditure.
Taxation
As a registered charltyj the charlty is generally exempt from taxation on Its Income and gains
arising out of Its charitable activities.
Investments
Investments held a5 fixed assets are revalued at mid-market value at the balance sheet date.
Gains and10sses on investments are reported in the Statement of Financial Affairs.

NOThINGHAM DIOCESAN SRPF
NOTES & ACCOUNTING POLICIES FOR THE YEAR ENDED 31ST MARCH 2025
Debtors
Debtors represent amounts which the charity expects to receive at the balance sheet date less
any reduction for amount5 which are or may be unreceivable. These also include the unexpired
amount of expenditure incurred before that date.
Creditors
Creditors represent amounts which the charity expects to pay at the balance sheet date. It
includeds any amount set aside to provide for expenditure where there is a reasonable
expectation that it may become payable.
Activities
As there is only one princip31 activity further analysis of it or of supporting cost5 is not provided.

NOThINGHAM DIOCESAN SRPF
NOTES & ACCOUNTING POLICIES FOR THE YEAR ENDED 31ST MARCH 2025
2. DEBTORS
Other Debtors
Gift Aid
3. MOVEMENTS IN OPENING FUNDS
2025
£0005
2024
£OOOs
Balance at 1st April 2024 brought forward
Surplus/ (Deflcitl for the year
Balance at 31st March 2025
4. RELATED PARTY TRANSACTIONS
Insofar as the trltstee is aware, there are no matters required to be repDrted
other than already shown in these accounts within the Trustee Report in the section headed Related
Party Transactions"