DIOCESE OF HALLAM Roman Catholic Diocese ofHallam Trust (Registered Charity No. 512021) ANNUAL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31st DECEMBER 2024
DIOCESE OF HALLAM (Romaii Catholic Diucese of Hallam Trust) CONTENTS Pagc l & AdminislrdtlVL DLtai1s AnnLiuI RLPI)rt IndcpLndcnl Auditor'% Repi)rt 10- 12 SiatLmeni ()f Financial Acii%'ilic 13- 14 BalanLL ShLcI 15 La.8h Flo. St£1t¥incnt 16 N(ItL.% ti) thL FinJnLial St411LinLni. 17-32
PaL>e I DIOCESE OF HALLAM {Romgn Catholic Diocese of Hallam Trust) Le al & Administrative Details Legal .%tatus The RoinaIi Catholic DioLLse of Hallam Trust 15 a Lhari(ablL Irust, csldblishcd by a Trust Deed dated 28ih OLiober 1981. The Chariiy Regisiration number is 512021. ThL charity is registered iviili il)c H.M. RLN'eiiuL & Custoiiis lor lax excniptioii purpuscs uiider reteren¥e XNi7643A. Thi Trusl is adniinislLrL'd by a Trust Corporalioii, Diocesc of Hallain Truslec, incorporaled 26ih Oclober 1981 aiid ivhose Comi)any Regi.4iraiion NumbLr is 01593544. Diocese ot Hallam Trustec is a Compai)y Liiiiitcd by Ciuaranttyi iviih a IiLciiic from ihi Si¢rLlJr! of Si(IIL fur Bu5inLss, Innui'ation & Skills lo dispcnse iviih ihe word Limiied trom ils name. A ai 31, DLLLmbLr 2024 Ihcrc wcr¥ 8 Meinbcr.4 of the FinanLL Lloard of Diocese of Hallain Trustee. Directors of Diocese of Hallam Trustee {iYho served during the year) (Aiioii'ii rt.f ,.Wleiiibers 1)f tlie Fiiian¢'e Bijar Right RLI'LrLnd Ralph HL4kett. C.Ss.R. Ms. C, Bailcy. RN, BEfvI RivLrcnd D. HuinphriLs H.H. S.J. Lyn¢li - AppL)Ini¢d 19" January 2025 RL'vL'fLnd P.D. ML(Jiiirc RL'vLrLnd Mun.%ignor M.Ci. M¢Manu%, V.(r.- Appoinlicl 18, June 202.£ H.H. M.J. li1rphY - RL%igni(I I I" l)¥X¥iiib¥r 2014 Rivirlnd C.M. PiTr%lus7.ny Mr.% A.Nl. Rvulls RLVLfLnd T()nSivnI)r D.M, SL Yt()n, V.li. RevL'rLnd t)r. A.J. Strikc .SecrelAri' tn the Ftnan¢e BoJrd of Dincese of HJllan) Trustee E.J. Whittakcr Ke). PersnI)nel: Fii)&ince Depl..- r..J. Illhilt1kcr Schnol% f)cpl: A. r)ci¥,hiirs1 & R. S%iivycr Principal .Iddi'L'4.s of C'harlt!, &. RL'kFisterc'd Oflice i>f "I'ru%tL'e Th¥ fJii)c¥sc pf Hcill4ini Pditi)riil Ccntrc, St. C hirles Strc¢t, Shcltield. S9 3WU Principal Baiikers HSBC, B&ink plc. ?? Th¥ M()()r, Shcllicld. S12PA .SolicitDrs Insuraiice laIlaer5 Cath(Ilic Insiir<lliCL Service LimilcJ, Siiilc 5. Oili)rd Fl(ILI%L. Oxt()ril R(12d Th411ne, Oxfordshire. OX9 ?AI I Tayl()r & Emmct LLP. ?0 ArundLI GiltL. Sliel'lield. Sl 2PP .4ccounlant5 Ini'cslment lanagerS RJiliboneb (iroup plc Ilni'esiec Weiilili di)d Ini'estment Ltd I, Beech I louse. I l Niipier Sireel. Slierrield. S 1181 IA 11.'.I l. Prior C'IIiL rtered Certified Accoiinlanls R2L ilii'iy Coun. Doncaster. DN4 5FB .4uditors 1 £lrrei)s Accoiintii)ts Liinited C'l)clrtered Certilied Account.Ints & St11 iuiory. Aiidiror 3JTliornc Roild. Doncaster. DN I ?Hf)
Page 2 DIOCESE OF HALLAM (Roman Catholic Diocese of Hallam Trust) ANNUAL REPORT Year Ended 31st Deceniber 2024 Th¥ TrusteL prcsei)Is ils RLI)Ort and FiiiaiiLial Sialeiiieiils for ili¥ YLar Endcd 31. DcLcmbLr 20?4. Tlii Statcniciits appLar ii) thc tonnat rLquired by ihe Siaiemeni uf ReLummeniled PraLIiLe for Accountinu RLPOrting by Charitics prepariiigN their (ILcouni in aLLvrdaiiLL i¥'iLh Il)i Fii)anLial Repuniii¥7 SiaiiJard appliLablL iii (hL UK aiid RLpublii uf Iriland (FRS I Q2) Chariiies SORP FRSIO2. HI8TORI' AND ORGANIS.4TION The Romaii Caiholi¥ Dio¢esL of Hallam is a cl)aritable trnst, eslabli4hed by a Trust Deed d¢lted ?8th OLlober 198 I, amciidcd by a diLd ot" i'arialioii d(iied ?O' July 2006. Tlii DioLe%L of Hallai)) 'aS torincd 01) 3011) Nlay I gso froin Ihc division ol'thL DioLeSL' of LLeds aiid Notliiigl)an). Tl)L Trusl is a RcgisterLd Cliaril)., rcgislraiion nuiiibLr 512021 aiid its soIL TruslLL is Dioccse of Hallam TrusleL deiailLd oil PagL l. Tlie objeLls of thL Lhariiy are'.- 'Tn ci<li'<inc'e ilie Romciii Cdiholi¢ Religic)ii in ¢he Hcill(Ini Dioc'i'Je by siic'h iiic'uii.% hciiix c.Jicii-Iliible ilie Bi.Ilic)p ofHÉillaiii iiiai, Iliink- Jit aiiil pi'oi)er andfoi. tli¢ serw'ic¢ niid siipport itrheilier in ihe Hullaiii DiocesL) op. oiiisiile ilic. Hallaiii r)ioce.F h!.¥Licli niean.i' a.% nfoYv.fÉii(l ofL17arildhle vvnrL% aiill objeL'I.¥ pi'niiinte¢l h}, tlie Cliiirch,, Thi t)ioLe%L ()I' H&illani con%i.£ls ol- 52 P¢iri%hLS in IhL LQLini! i)l- S(iuth I'()rk4hirL. Pilrts ol-IhL High PLiik lind C'hesicrticld t)i.%iricts ()f r)Lrbv%hirL. and thu di%lri¢t i)I' Ba.4%Ltla' in Noiting,ham%hiri. Mu%.4 ullLndanLL li)r 20?4 a'LrgLd l), I n6 {?0?3.. %,8101 STRUCTURE GOI'ERNANCE & NIANAGENIENT Th¢ Ruman L.11 th(Ilie DiucL%L L)t Hiillain Tni4t is a chiiritl£ blL trult cst4iblish¢d by Tni%t D6Ld. Thc p(iiv¥r ol. £ippointmcni of TnislLLS 1% .N(Ld in ihL Bi%hup ul- H£illain. ThL Cl)arily 1.% adniini%tLfLd bv thL IrLlSt Ll)ryiiifiili(In DiiiLL%L ()f Halliiin TrLI.4ILI. 11 Liiinpiiny limiiLd by giLliiranlLL and ni)t hal'ing? %harL Ccipiial, rLgTi¥ILfLLI iindL'r thL C(IinpaniL'S ALls (Nu. 1115()35441. ThL dirLLiurs ()I-Di(IlL%I (It H1&11am Trii%lLL 11fL knoii'n a% NILmbir4 c)f Ihl FiniinLL B(142rd. ThL %i)Ic tni%tii 1.% thL triist L()rpi)r<i(In Dii)LLse ()I' H2111m TnistL¢. Thi Bish()p ()I' H<ill¢im ¢1ppoinl% IhL M¥mh¥r4 (If the Finc1rtce Biiard uiidLr <iniLIL 311)I' (IIL TrLI.%I C'i)rpi)r£ltii)n's ArtiLILS ()I' A4%1)Lialiiin. ThL fvILinhLr.s lif thL FiniinLL B()drd Ll)IT)pri.L LILf&FV dnd l<iilv JiiJ 1lrL .IPP()in(Ld f()r their CXPL•rtj.SL. NeN¥' ML'inbLr% ()rthL Finic nLL BI)I1rd c?fL pri)i'id¥d iviih c)n inl(Inniltiiin P1( ck rL11i linb, ti) IhL Ll)n4litLI(iiin, LFI)VLrn&lllLL cind iiPLfcltii)n cil. thL Lhiirity. (ind (IllgT{)inbT traiiiingF is priii'idLd ti) dll NqLinbLr%. ThL MimbLr% i)f lh¥ Fiiidiicl Bo:Ird ii'ho %cn'cd dLiringy thL year, ill)d Lil the J:Il¢ ol- this R¥port arn. dLildil¥¢J on Pag¥ l. Thi Fiii<lllCL B()£ird ()l- Di()CL.%L ()l- Hkill'ini TrLlStIC ImLCIs iippr()xim'itLly ci'Lry six ii'eLks. The Bo<ird rcecii'c% rcpi)rt.% Ir()iii .%ciiii)r ol'ficci'% (iiid K'iifioLI.% coniniillcc%. CQli%iLlcri propo%&il% lor m¢ijor cxpendittire uiid. linder the leiider5hip ol- thc Bishop, scl% the triltLgJic ¢Jircction i)I' Ihe chiirit).. Tlic Sch()ol%' D¥P:lrtin¢nl bljl'L% 'idi'i¢c 11) C:iiholic. :Ind joini C.iiholic &inil Chiirch ()I' r'.ngtliind. %clio()l% in thl t)i(Trccsc. Thc r)iOCC%iin Bi)&ird nl. F..diicJlion InL¥t4 fc¥TiilJrlv to hclp licili141tc Ihc Bislinp N I'i%iiin li)r ihc crciilii)n ol. livi) C';Iihnlic Miilti Aciidcm). IruNt% J¢ro%ts th¢ diocL.sL. ThL Bn'ird niLet to siipport the Bishop Jnd tli¢ school% in a .]d¢ r'in¥tre ol. ni41tlcrts. The Bniird coi)Iprises af Bi%linp R.11ph, the r.piscop:Il Vie'ir lor School%. olticcrs ol. the Sch(Inl% t)ep:irtment Kind thL DirLCt()r nl. Fin<ince. Thc cr.o (Il'st ClarL s :Iiid St Franci% CNIAT% <irc iii altLndancc a% ii(Iii_i'(Itin&J IllLn)hLrs. Thc t)iiiccs'11i Biiildinbi CiimmiitCL no11)l&illy mLCt Iinc ivLik hLI()rc e'iLh Fin.Incc B(iard 11lLCtinLF. Th'it c(Iminittec Iniinit(Irs pr()pcnv niiiicrs in Inuri d¥PtlI 'ind repi)11S t() thL Fiiiilncc Bn4lrJ Ki'ith their r¢ciiininoi)ddti()n%. It h()Id.. dclcL7atLd r¥Np(Insihil1t. li)r hiiilding pr(ijcct% h¢li)II' £4n.Qnn. Rci,. C. P(i%lu%7.ny reprLNLlItLd tliL FiniinCL BI)Iird on the DincesiL n BLiilding7 Q oininittee, 1L nd the DirLCtI)r ol. Fiiianc¢ ¢ind Dii)ce$1L II Pri)pertJ' M&illi1gcr Ire in attcnd'incc. Tlie Iiii'eslnieiit Siib-coniniittee ot tlie Finiiiice Board ot Diocese ol. I lallim Trustee nionitc)rs perli)niiance and sets bei)climarks for the iiivestiiiei)t iiiin1(Jers. The Siib_c'oinniittte coi)slSts ol-.It leilst one meiiiber ol. tlie Fii)ance Bi)Ird .Ind Il)rougThout 211?4 this C'onimiltee c()nii)ribed c)1 Ilie Bisliup. Mr. S. I laiiloi). Rei".Nl&yr. M. McMIiius, iTriid the Director ol Fiii.11)ce. Tl)e DioceSI11) I lecilih & S.Itety Siib-c'onimittee Iiiet re¥iilarlv in ?0?4 Diocesan Orninisations operate uiider the supern-isioi) of Il Member of the Fiiiance Board, as Executii'e of Diocese of I lallai)I Trustee, or ? seiiior nieniber ot statt. operatii]<7 linder deleoition. Ik'lio reports to the Fiii<lnce Board. Folloii'ingj tlie Elliott Rei ieiv. Il)e Tnistee s S<lteouirdiiii? Coiiiniittee iN'l< b fornied to replace tl)¢ Diocesln S<ifegLl<lrdinu C'omniission in ?() Tlie Tnistee s Saleb7iiirdini7 Coniiiiittee nieets sei'eral iinies iL Ve1 r 1L nd presents reftiilar reports lo ihe Biihup aiid Fiii'ince Board. Tlie trust recniited a lay Trustee iN'ith ¢xteiis1l'¢ SLlleiJiiardiii(i eiperience to cl)air tlie Trlltstee salegyii<2rdin¥ Con)niittee .?nd eiisiires that sat-euiiL2rdinu n11L rters 2L re <jji'en tl)e priorirN' Ilie). deseTh"e Ilt ei'er! tnistee board Iiieeting. The Coniniittic sccks to implimciit Ndtion:Il <ind DiocitsLllI Policiis. Guidclin¢s and Proccdiircs on thi e<irL and prcitLCti(Iii of childr¥ll illid i-liliiirablc iidulis aiid il-orks clo%¥lN' ii'ith Ilii C'Jtliolic %if¥llTlI'irdiiiiJ Sttiiid'ii'di A,,¥nc)' ICSSAI, Local Sil¢ThOU,Irdii)o RcprLsent1I tll"LS in Ciich PLirish. 5alc<jiiardinv rcprescntltiN'cs in dioces111 oroanis1tions, ai)d rclLI'.Illt st1tutoTr bodiLS.
DIOCESE OF HALLAM
(Roman Catholie Diucese of Hallam I'rust)
ANNUAL REPORT (CoDtinued} Year Ended 31st December 2024
Parish Priests adminisler the linancial alyairs of thc Parishcs. acl a.4 agenls of Diocesc of Hallam TnE51LL. Thcy are assisied
by d Pari4h Finaiic¢ Coiiimitlec ivho offLr adi'iec and suppun. In Piiri.4hes, in DioLesaii org£ini5Jlions, Ihc Lharity relie4 on
thc ginerous suppori of a large number of volunteers ivho offer thcir titnc and skills freely.
PUBI.IC BENEFIT
ThL LLILbrdlion of Masb IS C¥niral to the Roinan Catholic faith, und Ihis is (he main use of th¢ 60 Churches opcratcd by ihe Lharity.
Nl'hilbl Sunday is ihc prii)¢ipal day uf wtsrship, many of our churchi% ari OP¥li ¢aLh day aiid arL aLLiS5iblL Iv all. Every w'cek ihe pari%h
Lommuiiity LUlllLS togLthLr Iv LLILbralL ihi my%lery ol. our faitli thc dcaili aiid resurreLlion of (lur Lord Je%us C.hrisl. PL'opli gFaihLr
in pray¥r aiid praisL oI(Tod, (ind io seek Clod's lielp aiid t"urgiji'incs5. AnyonL 1% IVLILOML lo allciid %cTh'iccs, or jubl io tskL a momLnl
iii a sa¢r¥J spaLL' fur PLaLL and %li11111s% iii ordLr lo pray aiid ihLfL 15 110 qULbtion uf 41ny fe¢ or charge.
'e al.£0 celebralc lh¢ 4aLramcnis, primarily within cach parish Communily. Mai)y of thc5c are linked to the mile%lunes in PLopIe'.
livL%. Ai Baplisni ali iiidi¥'idual biLolli¥s part of Ili¢ body of Clirisl, aiid part c)f Ihe Church. From Ihlir Firs1 Cummui)iuii Iliiy ar¥ abl¢
to take part fully in IhL Ciichari.%t. Ci)ntinnati()n affirnis them in ihLir faith and nonnally takes placc at ailuleqcencL. In M1rri<lg¢ thc
indiviLliial furtn% ¢1 C(ii'¢n'int ivith IliLif P11 rtnLr. ThL An()inlinby ()l-IhL SiLk ¢?nd Ihc Sl¢ ¢f¢imcnt (Trf RLc()ncilialion are the tt4'0 sacraments
lif hL& ling 41nd through Holy C)rdLr5 ordinalii)n as a Priist ()r dcaci)n IS LanfLrrLd.
Th¥ parish i)rie%tg and clcrgy gLiidc C
Page 4
DIOCESE OF HALLAM
(Roman Catholic Diocese of Hallam Trust)
AN'NUAL REPORT (Continued) Year Ended 31st December 2024
DuringT the vcar ihi'rc werL ihrL'L ordinations. On 22 June 2024, Ihe feast of St John Fisher and Si Thomas Morc, Ihe diocesc LLILbraiud
IhL presbylerL11 ordii)ation uf Chri%tiai) Nivakamma as hv i¥'as ordainL'd to ben'L as a pri¢st iii thc diocLSC. Tivo new ineinbcrs of the
Pimiaiicni DiaLOndtL Ii'crc urdaiiiiJ by Bishop Ralph. DLaLUIiS Martin Frain and Jol)n GillivLr iverc ordaincd on ihe Feast of S(
MalthLlV, Apostle and EN'angelist before a croii,ded coiigrcgation, inLluding tnaiiy priLsls aiid fillow deacoiis.
Oil Thursday, 9 May 2n24 Pop¢ Francis rcad ihc Ejull of Indiclion of Ihi Jubil¢c Ycar 2025. Thl Papal Bull, called SPES NON
C ()NFUNDIT. 'Hopv duL% nol disapp(iinl" is illl uffiLial dvcuniLiII I11L]I slalcd thL tspeniiig and closing datL's of ihe con)ii)g7 Holy
Ycar iind the tIILinc of thc Jubilee. For this jubilcc ycar, ?025, Ihe ihcmc Lhoscn 1.4 'Pil&yrims uf HupL.
ThL ihem¢ ol pilgriiiis of
hopc" 15 PJrti¢ularly impon(il)I today; iii J ip'orlJ raN'agL(L by ivar5. powerty and Ihr¥alcncd by climate changc, and ivith tn4iny pLuple
faLii)&p iiicrLasiii¥ iLunuinii ¢hallLiiges. Tliis Holy Ycar Lan help us to kccp lil th¢ lurLh uf faiih Ihal ha'e bcci) givcii. so Ilial
ceryone can look i(} Ilic fulur¢ M'iih hupL.
ThL pr¢pJralioiis tor the JubilLe ycar slartLd iviih a Naliunal EuLhaiisliL Cungr¢%% callLd Adorcn)us ihal look place at St Mary's
Scminary. O.scolt. ThL diolese LI1 rcprescnted at this ek'enr lead by Bishop Ri11ph.
F()11()ii'ingy ihL crcJlion Dt thL CatholiL SalLg?uardinby Standards AgLncy (CSSA), the Diocesc ol. Halliim one of (hc first di()cc%c t<)
bL P&lrt ot th¥ pilot inSPLLtionq. Thi% yL%?r thi t)io¢L%¢ IL1eL'd it% lir%1 full in%pLLli()n. ThL Icsiilt% ()( thL in%PILlii)n c()nLludLd thii thL
Dioc¢%L making 'finn pr(IgTri%% i)n t.(1 ()f tliL Light saligiiardinby %iandards Lind 'rL'5ults bLing achici'cJ" in thL rLm<iining? %ix
standarLlb. Thi tull rLport IS IN'iiilablL. to d()Ivnload herL hitps.. caiholicsafeguardinq.org.uk. aLidil8-arid-repons, cssa-aLidil-r¢porlq,:'
nn S&iliirLtay 6th July 20?4 ihL SiifLglLiarding' TLcllll hild ils Annii'il SalilgFLl<irding f-l'cnl al Holy Trinity Sehi)(Il in Bam%lcy. ThL Ihlmc
Iifthi.% yL¢ir'% ii'cnt l¥'<iS t)ii'Lrsity &. Trauind ()nd l(i()kid ilt hi). %l)Lial, LLiltur£il Lind i)thLr divLrsity I%%ULS play a i)art in thc Iri)Iiinali¢
LXPiri¥ncL% i)I' indii'i¢JLl&ils. A niiinbir ()f bFiiis1 SPi¢ikLrs proi'idL'd rcallv in4piring pr¥SLnt<ion% oil i'ari(iu.g l(IpiLs in¥luding. domLNtiL
abu%L. honour-bilSLLI abu%L &1nd.qpirilii¢il and ritlliil KibiisL' lind human trul'fiLkingF, 'hILh i¥'a% prL5LnlLLi viu 7.1iom Irom sp¥akcr4 lucatLd
in AmLfiLa iinLi NL. ZLaliind.
ActivitlLS Ih&il liikl plaLL l)Ilt.%idL' (Il- thi pari4hi% <ifi dLfinLJ a
'CLifiiil" The.%L Liin%is1 1)I' Dii)LLS£2ll AvLnlIeS and r)i()CL4un
()rbF&ini%£itiiin% i¥ho iv()Tk alun¥sidL parishL8 in fullillin¥ Ihc ubjLLl% (Il. thL Charity and IhL Illis%iLin (Il. thL' L hurLh.
Dii)LL%¢in AgF¥nLiLS IN'(Irk LindLr IhL dirLLI %iipLrn'i%ion (Il tliL Bish(IP
Pthge 5
DKOCESE OF HALLAM
(Roman Catholic Diocese of Hallam Trust)
ANNUAL REPORT (Continued) Year Ended 31st December 2024
FIINANCIAL REVIEW
ARISH.ICTIVITIE
PJri.4h Otf¥rti)ry C'.ollcciionb (exLluding Gift Aid) amoiiiited io £1,892.290 coinparLd to £1,799,3?i in ?0?3, (I furthir ii)LfLa%L uf 5°,
TIIL avLrage givinb P¥r pcr%on for 2024 by rLfcrLnL¥ lu ¢lllLiiiknnLc 1% LalLulalcd dl £4.110 {£3.93 p¥r iveck ?(1?3). Pari%h c¢)IILilion.
and oihcr N'oluiiLarv iii¢oni¢ rcprL5enied ()8'i0 (If iolal ¥robs parish illLOllIL {2023'. 65°,.
tiifi Aid lax rLLOI'Lrabl¥ fwin H.Mi . R¥'ellUl
& Cuslums lo¢ullLd £322.500 iii 2024 (2023.. £300,836}, an inerLase (Trf 7Q/. folloiving a decrease of in 2023.
ParishL5 f¥cLiv¢d ligiaLILS of £21)6,92() in 2024 (2023- £52i,244). The use ot parish hJlls and oth¢r tuIi¢lional property iii Ihe year
inLrLascLI for a ihird coiiseciitii'e y¢ar. IIicLiinc from fui)Lliunal prupLrty ivas £?()l).352 (20?3'. £243,215) an inLrca%c o1.230/,, li)Iloivin
ali ii)LrL¢l.%L uf 35 % in 2093 aiid () l in 20?2 1I'iih usc %lcadil)' iiicrcasing posl_coi'id. Ii)COlllL frvni parish iiiN'LsliiiLtit propLrtiLs
iiicrcascd by I go/
0 10 £4n3,292 LomparLd to £343.159 iii ?0?3, IvhiLh fulloii'Ld <1 dLLrLas¢ ot 140/
/0 in ?0?3. TIIL Loqi of manubicinLI)I.
nd rLpairs, ()f thi)s¥ invcslmcnt propLrties deLreased to £32.158 in 20?4 tsum £41,219 in 2023.
Thi LO.qt of pari%h pr()pLirty rLPiLir% cuntiniicd In bl a signifiLanti 1 fLa of P2L rish c.XPindiiiire, and inLrLa%L'd by 50/n Nl'ith a cii%t lif
£666 ()80 in 20?4 (?Q?3'. £633.430}. This 1% %till IL4N ihan .41)Illi fcLLnl yL'df4 {£773,11114 in 2021) bill rLillii in% a sibyni Iii.Int Ilrea i)l-
LxpLnditurL. Th¢ impact of gl& g and i'leLtricity PriLe inLfiasLs %qlgi) Ll)nlinuLS tu bL fLlt fulloii'ing IhL nillil)nal rLnLivJI i)f Ihl IIXL
ralCS 11.ith IF1 (IiitLr-DiocLS<in FULI MunagiLinLnl Lidl. ThL Lost ut. Hcai & Light in Parishes in ?1124 .S £481,369 ¢omparLd io
£5X().745 In 21123
Page 6 DIOCESE OF HALLAM {Roman Catholic Diocese of HAllam Trust) ANNUAL REPORT (Continued) Year Ended 31st December 2024 SUNIIIIAR The sumniary beloiv gil'es indication of thc tinancial aciii'ilies of the Diocese. 2024 2U23 Pari.slie.s Income DLduLI.' ExpLndilure InvLbinieni Ciainql{Lo8scs} Surplu%l(DLfi¢iil bLforL Parish Asscsstnciil 3,870,937 3,914,867 (3,514,876) (3,466,776) 366,648 465,124 PariNh Assessmcnl and other IransfLrs {DL'LfLaqe)IlnLfLasc in rcsl Th'Ls 747 036 595.63? os Ciiria 2024 21)23 Purish As%L.4%mLnt 41nd ()Ih¢r transl¥rs QthLr ini(Iini T(Itc)l ii)L(ImL D¥diiLI.. ExpLnditurL Ini'L'StmLnt C jajii%liL(1%4L%I IncrL4lSLIIDLLrLu%LI in ri.%Lri'c 747,036 2 .1211875 1,075,911 (2,447,5111) 241) 997 5y5,639 1614757 2,210,38() {?.5XO,44?) 117.358 (?52,6.1).5.) CIOINC. CI)NCERN Thi Charity's aetii'itic.s. logycihLr iN'irh thc tJclors likcly tn 'il'lcct it% tiiliire devcli)pmcni. principal risk.q and iiiiccrtdintie s 14iciiig Ihc C h;Irity 'ind its ai'ailiihiliiy ol. Liiicii¢iiinh¥red ca%h rL4LrN'cs 'irc sei oiit iii thi% Aliiiuiil R¥P(In. IIN IiiidllCi¢il posilion iii tcriii.% of ihL
'Lar'% rcslilts. il% cl%%Lt% lind li41bililic.%, and InoN'ciiieiil iii :Irc set out li) Ihc i)rincipdl liii;In¢i411 st:IlLmLlI(% 01) p:IgJc.4 13 to 16. Tlic TniNtLCI li.'ii'e con%idcrcd the cli:irity'.% QPLr:Itions li)r tlic next l ? iiioiiil)%i &i% rc411ificl. The chJrity hd4 %uI'IIciLI)I liniincial rc%c)urcc.%. mainli, in Ihc forni ()f ca%h, ini'¢%tni¥nt%. anLI pr(11)irtv. to InLL't 11.% obl ig'iilions. ThcrL arc no Iiial¢riJl iincertaintlCS iiboiil thc C'hJrily dhililv l() ci)ntiniiL gloinbi ci)IlCCrn lind it is IK'CII pl:ICCLI to miinil¥trC thL v'iriaii.s risks iLlcntilicJ. Thc Trii.%lci Ihlrifnrc h¢lS .1 reilsonablc cxpcciatinn th'it thL C'haritv li&1% 41deqii&ilL rc%i)Iircc% t() continuc ils npcr'ition.4 lor tlic lore%cLcil)IL liilurc. Acc()rdingil>' thL ¥oingF Cl)nccrn basil continiie% to be adi)plLd in Ilic prcpar41tion ol. Ihc Anniial Report ancl Accoiints. RESERVES Thc Fin'iiicc B()ill'd ciinNiJLr% th:It unrcstrictcd rc%cTh'e% cqllll iilcnt tu Iiv(i >'L'iir%' cliJrit'ibli IXPLnilitiirL li)r b()Ih Piirish 4iiid Ciiri'il rc%ci'i'c% (111 fL4iiifcL5. In Jddiiii)11 11) I'LCUn'iiig expciiditiirc Il)c Finiincc Bvaril J¢kni)IvlLd¥?es that, in %i)nic arcci4. inc()1ll¥ Is dilliciilt t() %11st:iin. 1l1)d hii% idcntiliLd 1 niiinl?cr ot l()ng'.tcnn tiindingJ rcqLiircmcn¢N incliidingi impr(IN'ciiicnt Lind repair of functional prvpLrtv. clcrg'y rctirLmLni and IrainingT Llnd f(Imiati(In fur iN'hiLh .4(Trmi lundb hill'l b¥in d¥%ign&2tLd. Tlie loti4 I Parisli Fiindi.It 31, Deeeniber ?024 1( moiinled lo L?6.099.4i6 of ivhicli £5,737,003 ITrre restricted nd £12.040.536 design&1ted tiinds. Tl)e miijorilv ot Pi1rish Fiii)ds (£1 £ 7$2.9131 (ire reprebenied bl, the funclioiial properties Icliurches. 11II11s, Preib)'leries) 1¢ nd oil)er Illed assets. i¥'1)iLh lire iiileg7r.Il lo tlie operalioi) ot tlie C liaritN-. Tlie free Parisli reserves ol. Lli.3?1.917 represent c1roiind 28 nionihb pl ri.sli expendiliire. Ivl)icli is iboi"e rhe ?4 nioiith5 reser¥"eb collbidered lo be reqiiired for pari.%he* becJLise ()f Il)e long-iemi nature ol. their oper<ilions. 41nd is expected to reduce gFji"en the expendiiure required lo meet Ilie cliall¢iigJes ii) tlie coiiiinu )'ears. Contracted Lomniiimeni.% totalled £4S,1211 at the Yec1r Eiid {211:. 3.. L33.9711. The total C-lirial tund5 as at 31 Deceniber 2024 Illollllted to £8.4,%11.8 IQ of ivhich £ l.C)Ul).i94 is reslricted for specific piirpobes. Ol. Ihi fLm&iililligY L(?.%%l}.116 iinrestrictLd ciirial fiinds. 1:. ,4¥7,791. rcflLCtLd ihi I'aliil Ot lunctional propLrty and oihcr li.KLd aiqeis. The frce (ILnLral rLSLfvcs of £4.391.415 reprLSellt jLlSt iiiidci moiiihs Curial expeiidirurc ivhich is Icsts thiin the ?4 moiiihi fLSeri'L coiisidircd lo bL rL4iiirid bicaiisc ot ihc lonu_tirm nlltiirc ul tl)e chiifiij % OPLratlOl)%. Thc Fiii<incc Bodrd contiliucs 10 lake action io rci'iei¥' aTid :Icldrcss thL ILI'CI ol-C'iinJl rcsLrvc% 'ind th¥ iXP¥Ctid rL'qiiiiLmil)t.
Page 7
DIOCESE OF HALLAM
(Roman Catholic Diocese of Hallam Trvst)
ANNUAL REPORT (Continued) Year Ended 31st December 2024
IINI'ESTII IENT POLICY &. PERFoR1.NcE
Under ihe irusi deed of the Chariiy, IhL Trustcc Inay ini'L%l, l¥'lth ihc Lunsenl uf ihe Bishup of Hallam, any money in any manncr
auiliuri.4LIt by law (i.L. Ihe Tru%tcc ALI 20no}. In 2024 ihc iiii'eslmenl portfolio% continuud lu bL maIiauLd on a di>crLlioiiary ba.%i.4 by
Ilie illVLStmciii mana&yLrb, Raihbuiics Group PIL. Tli¢ p()rtfvli0s arL' nianagFed in lili¢ ivith IliL Lihical inN'Lslmenl poliLy ufihe Trustocs,
vhiLh ib LollsislCtIL 'lL1) Churlh leaLhingi and ihe Calhulic laith. The SiLk & Rclircd Clcrgy Fuiid and Prie515' Trainiiig Fund purtfoliu
vere realisLLI in Nuveinber 2023 ai)d ilie liuldings IiansfL'rred ai Iiiarklt i'(iIuL IL) IIIL Main Purtfolio, releasiiig ¢as1i lo thos¥ tund%. The
OVLrall rLluni onLL agaiii p(1silivi iii 2024, recoi'ering turther froin ilii. difiiiult LoJiditioiis iii 2022. Botli portfuliu% ail)Ilfv'Ld
abO.C il)e toial reiun) bLnLhiiiark, i¥'iili IIIL Carilai Purtfuliu PLrfon))ingF sIjLFliil J. b¢llLr tl)an thL fvlaiii Portfuliu.
Total
Return
Total RLlturn
Benchmark
Muin P()rtf(Iliii
Carilli g H&illam Fund
+1).14
+().41
RISK ASSESSMENT
The FinanLL Board h.i% a%%i84id thl Iniijur ri%k% 10 Ii'hiLh thc Ch4qriry is Lxpn8ed. in Pi)rtiLulli r thus¥ Tcl¢ltLd i() Ihc opLralion, ini'LbtmL'nt
and finanLLS l)I' the Tnisl. By moniiiirinby ihL l¥¥'LI lif rLSLfi'LN. IllNLiringy Luniriil IlVL'r finiinLiL21 %y.%tcm.% lind by cxaminingv thL
(Ipkrulionul risk% laLLd by thL Lhdrity, IhL Fin11 nic Board IILIiLifLS th¢il i11ccti¢ 8!%lLins hai'e beL'll LStablis1)Ld Ii) Inili¥alL Ih(1SL ri.%k4.
FUND-RAISING
'FhL Lhiiritv iindLrtiiki% smiill .4C411L fiind-ri114ing', lind ¢ippliialii)n% l(1 Lh£iritdhlL trLl%t4 1(Ir bFf<ints, Nl(i%l fiin(l-ri)i%in¥ bLiild% ()n the
LiinnLLli()n PLupIL liai'i ii'ith thi C'hiirLh Ihri)LILFh thL'if i)i)ri%h ¢ind Ihifi iirL nii LiirLLt appL"
Thc Lhkiriiv LIuL% rtiit ensTabTL pr(Ilis%i()nal ftind-rai.¥Lr.% liut do¥5 h411'l (I part limc impl()yLL u'hi) deiils ivith 411)pIiciili()n% l() Lh
Page 8
DIOCESE OF HALLAM
(Romai) Catholic Diocese of Hallam Trust)
ANNUAL REPORT (Continued) Year Ended 31st December 2024
KEY I%lANAGEMENT PERSOINNEL
Thc key manabveniLiII per50niicl of Il)c Dioccle compri.%c% the Director of Findncc and the School Commis%ion¢r5..
Remuncralion t.or key managcnient p¢rsonncl is sci bi. Ihc Salarie% Sub-C.ommiltee, t&iLin¥ into consideration Ihc market ralcs
for similar roles and is periodically rci'lc.ed in ordcr lo rccogni%c (Ind rcii'ard outstanding pcrfomiance.
RISK MANAGEMENT
Tlie Tru%lcc ha% overall responsibility for ensuring tlial thc Cliarity l)as an appropriate syslcm of controls, tinancial and
uiheN'i.%c. Thc Audit Sub-committee rev'iew, annually, the risks liciiig Ihc charity ivhich can b¢ catc¥uri%cd into Ihc folloii'ing
broad heddingT%-.-
Saleguarding Thc Dioc¢sc prioritiscs and appropriatclv rcsourcc.s, this area, a5)d has been developing polici¢s,
practice and audits lo ciisurc il 1.% Inccling Ihc .%tandiird% cxpcclcd by tlic Catholil Safcguarding, Standards AgenLy llnd
can dcnJon.qtralc Lonipliai)Le. Thc Trustcc Safcb?uardiii&, Coniinillcc ok'crsces (lic ii'ork nf the Satcgyuarding departniciil
in thi% re.4PCLt. Tlie DioLcs¢ ol- H¢illani 1.% Lonin)itlLd t() Ilic proniolinn of a "onc Cl)urcli approach" to the salegLiarding
of childreii and adLII(.% ai risk
DIOCESE OF HALLAM
{Roman Catholic Dio¢ese of Hallam Trust)
ANNUAL REPORT (Continued) Year Ended 31st December 2024
STATEIIILNI. OF TRUSTEE'.S RESPONSIBILITIES
The TruslL'L is ILspun%iblL for pripariiig Il)¥ Tru51ic's RLpori and IhL fiii<iiiiial sMILmLI)l8 in accordaiiLe iviih applicable law ai)d Unilcd
Kingdum Accouiiiiiig Standards (Uiiiled Kingdom Generally AccLPted Accounting PraLIiLC).
ThL laii, applilable to Lharities in Englai)d & Il'alLS requires the Trustee lo prepare financial slatinici)Is for ¢ach tinanLial yLar Nvhich
givL a Irui aiid fair i'iLW ol thi slalL ol. al'fairs ol ihL Lharity aiid of LhL i1)Lominu rLsoufLLS aIid appliLation of rcsuurLes vf ihe Lharity
lor thal period. In prLparing IhLbL finanLial sialemen15. the Trustee is required io..
s¢ILLI suitablL aLLounling' puliLiLS and apply ihLm LonsislLnily:
obsen'e ihe inlihods atid priiiciplcs ii) IhL Lharilils SOEiP:
makL judgLmLllis and L.41imalL% that ar¢ rea41)nable and prud¥nl,'
tatL 11.hLlthLf 4lppIiL&ililc acL()Liniingr .4liindard% (ind 51alLmLnts (Il- rLL(ImmLndLd praciicL haK'e bLLn li)Iloi¥¥d. subjLLt to
any malcrial IliparturL% di%LI(i%¥d and LxplainLd in the Iinan¥ial staiLm¢nls; Ind
pr¥PiirL Ihc tin'inci11 stilomcnt% on th¥ g7{)ing ¢on¢crn basis iinl¥s% li [% incippfi)PriLItL' lo prL%ume ihat the charity iN'ill
ThL' Tru%tLL 1% fi%p(InsiblL li)r kLLI)inb pri)P¥f iiLL(Iiiniingr riLords ivhi¥h di%ili)%i iN'ith rLa%LinJl)IL aLLiifaLy tit
PakFe 10
DIOCESE OF HALLAM
(Roman Catholic Diocese of Hallam Trust)
INDEPENDENT AUDITOR'S REPORT
TO THE TRUSTEE OF THE ROIMAN CATHOLIC DIOCESE OF HALLAM TRUST
Opinion
'L havL auditcd ¢h¥ fiiiancial slateincnls of the Roman Caiholic Diocese ot Hallam Trusi for the year endcd 31 DeLcmber 2024 dLt<iilLd
un pages 13 to 32. 11,liiLh Lompri%L Ilic SialLillLnl of FinanLial ALti¥'iliLS, IhL BalaiiLL ShiLt, Lhe C ash Flow Sialcinen¢ and noi¢.% 10 the
finanLial slalLniLiils, iilLludiiisF a Sliiiimary ot"sigi)ificant aLLounling policie4. The financial repurting framcw'ork ihal h(l.q bc4n applicd in
Il)Lir pripaTaliun ]% applicabl¢ la, aiid UnilLd Kink7doni ALcouiiliiig7 Siaiidard%, iii¢ludiiigF FinaiiLial RLPUrtin¥ SiaIidard 102 Tlie Fiiiaiici<il
Rgporliii¥ S¢iiiiilaY<l Éipplic(TblL' 111 IhL. Uk uii<l Riijiihlic cj/'lii,IiiJiil (Uiiited Kingduiii (iCllLrallv Accepiid A¢LounlinLy PraL(iLL'
Iii our opinion, IIIL findllLi<il 51aiLinci)lts'.
7iv¢ a Iruc and fair i'iLi¥ of the %talL ol. IhL charily's affairs a5 al 31 DLccmber ?024 and of ilic charity's nel movemcnl in funds,
iI)LSuLliiig tlic iiiloine ai)d expciiditurL, tur IhL year Iheii cndcd;
liai'L bccii prupLrl)' prl'parcd iii a¢¢ordaii¢¢ '71h Uniied KiiigT4Jom (JLiicrally Acccpl¥d ALLuuniing PraLIILC,' and
h¢ll'¥ bLLn prepared in acc()rdance w'ith thi r¢quir¢m¢nts ot the Lharilie.s Aci 2a I l.
BASIS for opinion
condLlCted our 1¢ udit in aci()rdiillLL Ivlth thL' IntLmalii)nal Siand41rd% on Audilinb (UK) {ISA5 (UK)) and appliLabli la.. Our
rL%piillsibilitiL% iind¥r th()SL .%till)Llii rd% arL fiirthLr dL.4Lril)Ld in thL Audiior's r¢spon%ibililics f(Ir IhL iiudii ot. IhL Iinai)LiJl .%tatLniLnl% %LLlI()n
L)f our report. Il'e are independent ul- the chiirity in aLLordanLe iviih eihiLJl requiremeni% ihai are rel¢i'ant tu our Judil ul- the linanLial
ILmLnl% in thL UK, inLluding ihL FRC.'% EihiL<il Siandard, and i%'L hill'L fiillillLd (iur vihLr ctliical r¢spunsibilities in aLL()riliillcL Il'lth
IhisL rkLiuir¥inLnts. We bLIiLI.'L that th¥ audii ii'idLncL h£lVL ul)t<iinLd 14 sufticieni and appr(IpriatL* t() pri)I'idL' a ba%14 f(Ir ()ur upinii)n.
Concluslthns relatiiig lo going concerji
In uudiiingi ihi fin£lllLliil %taiLmLnt%. ii'i hai'c concliiilid Ihilt thL' Tru4tLL'% IISL of IhL% byoinb¥ i()n¥¢m h<iSiS (Trf aLLounting in th L prLpiirati()n
()I' IhL IiniinLl<il %tillL'mLlli4 1% uppr(?pri¢ltL.
B¢isLd ()n thL Ii'ork ii'L h4ll'L PLrfL)nnLJ, ii'i hili'l n(It idL'nti IIL'II iiny maiLriiil LinLLniiintiL% rLl¢ltill&F tl) Ll'L'nl% i)r Lvndili(In% Ihiil. indii'idiiiilly
(Ir i()IILLtil'Lly. Inilv LiiNI .%igFnifl¥¢lnt d(iul?l (In thl ¢haritV'.% iibility l(1 L(InlinLli ils li gyÉ)ing7 i()nLLrn f(Ir PLri(Id i)t at IL¢lSt Il%'¥li'L m(Inih
from ii'hin th¥ finanLidl %lalLmLnl% (Irl auihorisLd for i%suL.
l)Iir rL%pon4ibililic4 lind IhL rcbpoii%ibiliti1s ol. the Tnistce ii'iih rcspcci lo gioii)g coii¢crn lire dc%cribcd it) Ihc rclcvanl %¢ci ion% ol. thi
rcport.
Other iiiformutioii
Th¥ Trii%tcc I'e%pon.4iblc for thc oih¢r inlnnx'iti(In. Thc other infomialion c()nipri%c% th¢ inlarni<ltion includcd in Ihc Truslccs Annuiil
Rei)ori, othcr Ih&in thi liniinci.ll .%tatcnici)tl 411id oiir 4lLiditi)r'% report Ihcrlon. Oiir opinicin ()n tlic Iin
Page 11
DIOCESE OF HALLAM
(Roman Catholic Diocese of Hallam Trust}
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEE OF THE ROMAN CATHOLIC DIOCESE OF HALLAM TRUST
Respoiisibilities of the Trustee for the financial st#t¢ments
A.q cxplain¢d InorL fully in ihi. TruslLI's R¢%ponsibilities Statciiiciit set oul oil page 9, Ihe Trusiee is responsiblc for the preparalioii ot
Il)L fiiianLial slalLii)ents and lor beiiig sali%licd ihal IhLv gii'L a iruL an(1 fair i'ieiv, and for such inlcmal Loiitrols as tIIL Tru%tLL dLtLrmii)cs
1% nLce.%.%arv io iiiablc lh¥ pfLparaliuii uf finaiicial sialLinLiil% thal 4ifL IrLL fruiii malcrial illisslatLmeni, Ik'hethLr du¢ lo fraud or t'rror.
In prcparing ihe financial statemcnls. Ihe Tru.%leL 1.% fc%pon%iblL for a.%%¥%%in&? the charily's ability Iu Lunliiiu¢ as a going Lonccni,
discIo.%ing, as appliiabl¥, mallLrs rLlaiLd to going Lonccrn and Uiing the goii)U COllCLrn basis ot aLLounling unless ihc trusiccs ciiliL'r inlLnd
lo liquidate the charity ur Iu Lease operatioiis, or have no walis1iL alternalil'e bul io do so.
Auditor's responsibilities for the audit of the financial statements
I'e liavL beeii appL)inlLd as audilvr undLr SLLtion 144 uf IhL Charili¥s ALI 201 l Jnd report iIi accurdaiiLe w'iih regulations mad¢ under
Ihal Aci. Our i)bjL¢llI'¢S arL to obtain reas(Inahle a.gsuranLe abolit ivhcihcr thc financial .4talLmLnis a% a wholl ar¢ frLL froni matLrial
Ini%sii?ILmLnt. ii'h¢rhL T duL til frclll(l or crr(Iri lind Ii) I%Slli an aiidit(Ir'.4 rLP(lrt thai inLIuLIL% l)ur ()pinii)n. RL.IsonalilL' a%.%Lif¢inLe ig a high
l¥K'¢I Iil'asNur&inLL. but ]% nut a gTU¢irant¢L th'it in iiiidit conJuctLd in iiLcurdancL w'iih ISAS {UK) will 11w'lL ys dLtLLt a malLrial iniNslcltcmLnt
whLn it L.xists. Mi4$1li ILlnLnl% Lan iirise Iruni tr<iud i)r Lrri)r and &irL coniidirid InatLri<il if. iiidii'idLially ur in ihl ¢ibFbJfLg¢lt¥, th¥y LUUIJ
rLil.%C)nably bL LxpLLILd Ici inflLicncL thL LLunumic dLLisi()ns of u%Lr.4 lakLn on Ihc bi151% of these financial slalcmLnls.
In &iccordanLL Il'ith ISA5 (UK) W'L. LXLfLI%L pr4)IL%NiI)nal jiidg7mcnt and mciintain prolis%ional SCLPIiLiSm Ihroughoiit thL' £ udil.
IrrLgiil4irities. in¢ludinL trcqiid. iirc in4141niL% (Il. ni)n-¥()InpliiinLL Il'ith <ind rLg?Iilaljiin.4. Wi dLsign procLdiirL.% in linl Ii'iih iiur
rispi)n%ibilitiLI. ()LiilinLd &ibi?K'¥, lil d¥lL¥l m¢ltLri¢il mi%sta(LillLnts in rL'sPLLI ()l- irrLgLilaritics, in¢liidin¥ Ir£iiid. ThL' %PLciIIL pfoLLdiirL.% li)r
thi% ¥llgJ£igTIlllL'nt <in(l ihL LxILnl l() ii'lii¢h thL4L afL' LapiihlL (It LILILLlinLY irrLgiil¢iriiic%, incliidingT triiud arL JLtailLd hLI(?ii'.
Extent to ii'lii¢l) tlie Judit Ivas consldered capable of detecting irre%ulaTiti¢5 In¢liiding fi'aud
A% i)ilrt Iil'dL%lbFninbT {)Lif &iudit. IVL dLILnninid mciliri4ililv nd 41%SL%sed (hL' risk ul. Ill¢ilLrial mi%slJlLmLnt in the tin&inLi£il 4tiifLmcni% iincl
i)i)kinb liiiiv frillid m£ly IILLiir by LllLiuiriiibi '1[h ni¢lll¢igfLIIILnl il% li) it.s uii'n LC)n%id¥f<iliiin iir [rlUd. In pdrtlLLiliif, i¥'L' Iiii)kLLI 411 II'hirL
In&1ll%iLiiniiit IlliidL 4111)jLLtiN'L juilgFLlllilli%, liir Lxainplk, in rLS1?¥lt (11. sig7ni IILiint aLciiLintingF L.%iiinJli% Ih<il ini'(Ili'ed 11)1£ kii)LT 41%%Liinpiiiin
11)d ciinsiJ¢riiig liitLifL' eN'ei)t% that Jrc ii)IILrL"iiilv iiiic¥rtJin. Ive iil%o eoii%iLicrL(J poicniial Iiii;Iii¢i:Il or other pres%iirc.%. ()PPl)nLiiiiI! cincl
iiiotii'Jtioii% l()r Ir:iiid. As p:
CoiiipliancL Il'lth lilH'% lind rLgJiil&llj()Il% iiiid IioiN' Ill<lll&ig?Linei)t i)i()i)iior thc%c prncc4%cg. ApprnprilL tc prncedLirc.% iiicliidcd Ihc r¢i'ieiv :11)d
tLStiiigi ot" i))1terial adjLis1ing joiim4115 :11)d key estiinales dnd jLidgcnicnl% by ni¢lllclgTcm¢nt.
Il'e gFJined 41n LindLrsl&inJing ol. IcbT'II lind rcg7111iirilv Irli mcii'ork iippliciihlc to the charity iinil Ihc %cclor in ii'hich il opcralci. drJii'iiigp on
oiir iiiLlit cxpcricnci Jnd knoii'lcil¥TC ol-lhc ehiifiiy cinLI il% %ccl()r. lind consid¥r¢J tlic ri4k of cicl% by thc chiirit!. th41t iv¢rc coiitrary, to these
IIV% lind rcgtriil{Iiions Ihdt coiild gFjI'e rise to a miiicfiiil Ini5Stdlcmcnl in ihc Iin:InciiL l st
Page 12
DIOCESE OF HALLAM
(Roman Catholic Diocese of Hallam Trust)
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE TRUSTEE OF THE ROMAIN CATHOLIC DIOCESE OF HALLAM TRUST
RLI'iei4ying financial statcmcni disLlosurcs and (esling lo supporting documenlatioii lo ass¥%$ con)pliaiiL¢ with applicdblc laii's ui)(L
regulationi.
Auditil)LT (l)e risk ot- management oi'erride of coIitrols, iiicludiiig through tLsling joumal en(ries and other adjustm¢nts for
apprupria(LnebN, and ci'aluJlingF the ralionale of signifiLant IransaLli(Ins oulsidL* IhL nomal iuur%e of IhL Charity's operatiOliS.
IdLiitifyin(F fLlated parties ai)J ciisurin¥ transaLlions are cumpleie and ie%iing lo availablL SUPPOrting documenldlioi).
R¢i'iLi¥'ing kL'y incomi suurLL5 for LomplilinLS5 and ci)%uriii&F ¢uI-off has b¥en aLCLPtably appliLd.
Our audit pruL¢dure% u'ere dLsigIied to rLSPOI)d to risks of malLrial missla¢Lnicnt in the finai)Lial qlatcmenis, rccognisin&J ihat ihe risk of
nol deiecting a malcrial Ini%.%lal¥mL'nl duL' lo fraud 15 hi¥hLr (han IIIL risk of not dLIILLiillgy 01)L rcsuliing, frvm Lrror, as fraud Inay involi'L
dLlibirJt¥ IOllLL'aliiieiii by, for L.xaiiii)Ic, furgirj.. mi%rLprLseiiialioiis or ihrough Collusion. Thcrc arL inl)crcnl liniilalion% Iii Ihc audit
proccdurL'S PLrlurn)L(l ai)d IhL furthLr r¥illoi'Ld noii-Loinplianc¢ ii'iih laivs aiid r¥&iulaliuns drL' frum (hL LI'II)L% 4111d IrJii%a¥li011s rLIILcILd
in ihL finaiiLl<il %iaiciTlCI)l.%, ilIL ILS5 likely we arc to bccoiiiL aivarc of il.
A fiirth¢r dLSCriPtii)n ()f our rL%p(In%ibilitic% for IhL alidii i)f ihc Iin,In¢i¢11 statcmcnts is locatcd on thL' Financial Repurting Council's ivcbsilc
at.. Iviviv. l-rL.or
.uklaiidi(()rg rc
on4ibiliriLs. This dc%criptiun t(1rn1S P¢lrt ol'uur <iuditur 4 rLP()n.
Use ofour report
This rLpon is ni&2dL' %oILly io the chli rity's Ini%lLC. fjioccqc ol. Ha1141m TnislLc, 8.4 a b()dv, in ace(IrdJnLL M'iih Part 4 uf thc C'.hariiic
IAcLI)untts
Page 13 ¢n cc i > pi
P#ge 14 c e c pi rn
Pave 15 DIOCESE OF HALLAM (Ruman CaiholiL DioLese of Hallam Trust) BALANCE SHEET AS AT 31st DECEMBER 2024 2024 2023 Parishes Curia Total Parishe5 Curij Total Note FIXED ASSETS Tangiblc Fixed Asseis InvesimLntb ]2 15.752.L)13 13 4,406,819 3,888,966 19,641,879 4,057,697 8,464.516 16,41n,646 4,046.032 20,456.678 4,396,23? 3,844,077 IS,?40.309 20,1 i9,73? 7,946,663 28,106,395 ?0,8Q6,87,8 7,SL)0.109 ?8,696,987 CURRENT ASSETS Ini.'eslm¢nts - Money Market r)Lbior.% Ca%h ui Bank & ()n DLPOSIt i.uno,000 1,092.949 3,131g.934 i.000,aao 1,508.418 4,8611.383 14 415.469 1,729.449 156.1116 882,673 1,6%0.001 3,720,()86 1.038,85() 5,400.987 2.144.()18 5,231.883 7.376.8()1 1,836,187 4.603,659 6,4J9.846 LIABILITIES: Am(iunt% lalling di1¥ ii'ithin une yLiir 15 (84.921) (818.IIOL)) (Y02,9311) (143 ?37) 1()0?.349) ( I,Q45.5%6) .6()? ()511 3,701.310 5,31)4.260 NETCURRENT ASSETS 2.05(),997 4.413.874 6,473.871 PARISH LOAN ACCOUIYTS Loans t() Pari%hL Pari%h DL'POSIts 1?.5?L).805} 2,529,805 6.40L),532 {6.409,53?1 (?,51 O,n34) ? j 111.034 6.4()0,fi$11 {6,4l)0,050) TOTAL IYET ASSETS 26.1)9(},456 X,4XII,810 34,5%n.?66 96,479,844 7,611.403 34,1)91947 REPRESEINTED BI, INCOME FUNDS:_ Restricted Funds 16 5,737.on3 1.601),5I)4 7,337.51}7 5.888.275 1,470.91)4 7,35().2h9 Unrestricted fi unds Dc.%ignaicd Fund. Othcr Unri%tricted Fiind. 17 12.n411.53h ,%,3?1 ()17 3,n66,5n5 15.1117,n41 1? 568.X7? 3.Iy8.413 15.7j7.285 8.0??,6()7 ) L151,9()() l 0.()74,(1()3 17 18 ?6.11()l).456 8,48Q.810 34.i%ll.!b6 6.47(}.%44 7.611.4113 34.(Tr()1.247 The fin.Trncial st<en]eiits on p:iiieb 13 to ?? ii'ere ic pproi.ed by ihe Finiince Board of Diocese i)1 I lallain Truitee. as sole Tnistee on 30ih Oci()ber ?O*.S lind SiLJI)ed oil ils behalf b!'.- .ht Rei"erend Rii Iph I leskett, C.Ss.R.
Page 16
DIOCESE OF HALLAM
(Roman Catholic Dio
Page 17 DIOCESE OF HALLAM (Roman Catholic Diocese of Hallam Trust) NOTES TO THE FINANCIAL STATEMENTS Year Ended 31st December 2024 The fiiiaiicial slalcmenls prinLipally r¥fle¢t tlie incoiiiing rcsourLCS (Ind application of resourLes of (he main ¢harily, Roman CaiholiL DiuLcsc of Hallam Trusl and inLludc Parishe.%, Diocc%an Agp¢iiLies, and DioLisan Orbiai)isations. ThL financial slalLmLiii% al.40 rctli¢i a nuinbLr of sindll iiJdividual parish trusls ai)d scparalLly rLgisi¢red diocLsan Lhariliis, IvhiLli are ui)d¥r tl)e LOI)(rol ot Dic)LL%L of Hallain Trustcc, ii)¢liidiii41 thL, J.J. EyrL Fui)Llb ¢iiid SL. Q'.harlLS Charily (C.Iiarily Rcgislralion No. 104961 ()). Accounlink policies Basis of preparation Th¥ fin'inLial 5tatLIIILnt.% l)aK'L hLin prip;IrLLI in JLLiirilancL 'Ith ihL aLCI)unting' puliLiL4 %LI c)ul h¥l()I1' IL nd comply ivith th¥ cl)&irity's tnist dLcJ, IhL Ch:IriiiL% Act ?D I l and ALLi>untii)gi 'ind RiportingT by Ch4?riliL%.' St1tLmLnt of RLL()mmLnd¥d Pr11 L(iLL &lPI)IiLahlL ro ¢haritlL% pfLparinbY thLif ¢lccoiinl% in 41c¥ordiillLL Ii'iih IhL FinJn¢ial RLPUrting StanLlard ¢?ppli¢iiblc lo thL UK and Rcpublic i)f IrLland IFRS I O?). ThL financial statLmL'nl8 havL bcLn dr41ivn lip iinJLr thL' hist(irical Li)41 ¢onvLlltion as mi)difiid by th¢ r¢k" invi%trncntS lind arL' pfL4LntLd in %lLrlin¥. i%'hiLh is al%(Tr thL lunLli()nal CU¢LY of thL charity. Flnanclal instrument5 FiniinLi<il ¢lN%¥ts anil lincinLial liiibililiL% ¢ir¥ r¥¥(Igni4L'd il'hen the chftrily l)Lci)mLS <1 pdfly l(} Ihi L()nlr4lLtl1411 pr(ii'i%i()n% ul thi insttum¥nt. Financial liabilitiL% (iiid Lqiiily inslriiin¢nt% iifL' LlclhsiliLIS 11L'L£)rdinb' Ii) thL %LII)%lcinLL ()I' IhL L(Iii¢rilLIu¢il 41n'cingLmLnt cnl¥rcd inta. Re<'iJAFiiiliiiii aiid iiieaJiireiii¢iil All Iindneidl :154Cl% 41nd li'ihiliti¥s arc initially mccl%Lircd dl IrJnsJclion price {including Ir,Ins'iction co%t41 cxccpl r()r Ihosc lindiieiiil iib%cls cl¢l%.%ilILd ill :It liiif i'£llLlC Il)roLlgth ihl Si-It¢inent ol Fii1.'Illci£il Actii'iliLs, Kvhi¢h <irL init7171Y mcii%urcd 'it liiif V&iliic Iii-hich is narniiill). Ilic trill)%ilClI()ii pric¢ Lx¢liidingy Iriinsilction cc)%1s1. IinlLS.4 ihL iill'iinLTeii)Inl c()n%titutL.4 il lindncii)g triin%aclinn. 11- lill iltTiinLicmcnl constitiit¢s .1 linincing triin%iiclion, the linL1nci<il &i%%cI ()r liniillcicil liahiliiv 1% IIILd.siifLd ill tlic prlscnt i'Jluc ol- Ihc liilurL Pi))'ii)Inls di%coLinlcd dl d ni:IrkLI r411c ()I' ini¢rc%( lor a %iiiiil&ir dLbi inblruincnl. Finiillciiil ii%%cI% iiiid li%ibilitiCS lire ()nly Iill%ct in Ihc %tiltcnicnt ()I' lin21 nciii I pci%ili(In ii'hen. Jnd (Inlv ii'l)cn. Iherc cxist% a rciili.%c Ihc i1%scI and sciilc (he liability 4iiiiuliiincoii%ly. Finiinciiil ;i%%cts ire dcrcc()i?ni%cd i%.hLll. ilnd ()nlv ii'hcn. al Il)e euntriicluiil right% t() tlic cash tIoKv5 trum thL linincial SSCI L.¥l)ifL (Ir arl %itilLd. Iir l)) (hL Lharily Iraiisliri ti) aii()tIILf Pilrty %LII)4tiinli'illy Jll i)l- thL ri%k% ciiid rLII'iircli i)I' (Iii'nLr.sliip i)l- tli¢ liiiJiiciJl aiset. or c} tlie cl)ariiy, despite Ii<lI'illbF retli il)ed some, bil( nol all. sigjnilicaiil risk5 11 nd reii'irds of oiN'I)ersliip. hJs tnnslerred control c)i- the asset io anoilJer parl J. Fii)4lllCi411 litsbilitiei Ire derecogJni4ed onl! ii'hen Ihe obliLIL1tion specified in ilie contr1L Ct is dischli rged. cancelled or expires. Debtors Debtors 1re re¢ogni5ed initiiill). lil the Iransactioi) price. Tliey are subsequently nieasuied at amortised Coit iising tlie elTecli¥e inlere.%i nietl)od. les5 pfoviiion for iiiip.Trinneiit. A pi'oi'isiol) for the iinpaimieiii cil- debtor.% is e%lilblish¢d ii"l)en Ihere li c)bj¢ctii'e ei'idence Il);)I the chirit). ii'ill i)ot be L1ble io collect all 4iniouiits diie 11 ccording lo (he orioji1.Il teniis ot the receivJbles. Lo<iliS receiwable are ilie1 iured initiallv at lair i'alue. iiet ot trii nsclclion cosis. 2nd re niedslired subsequenily al amorti5ed c05t USil)ft Il)¢ ¢llecliN'e iiitere5t rate n)ethod. Debtor5 ela55ified as recoi'erable i¥'irhiii oiie s'ear are iiot amonised.
Page 18
DIOCESE OF HALLAM
{Roman Catholic Diocese of Hallam Trust)
NOTES TO THE FINANCIAL STATEMENTS
Year Ended 31st December 2024
Creditors
Crcdilors arL rL'Logni.4Ld iniiially ai th¢ transaLlioi) priLL. ThLy afL sub.%Lqii¢iiily measured ai an)ortised cost using thc
effcclll'L inl¢r¢%l n)eil)od. Credilors payablL wiihin one yLar arc i)ot amortised.
Judgements and key sources of estimation uncertaintv
ThL pfLparalion of fiiiaiicial %lalctnonls rciiuirL% thL' Tru%lLL to ill<ikL judgyLin¥ntS, Lslitnal¥b arid a55UliiPtioiis tlial affect
Ihc application of poliLiLts aiid rLporlLd ani(iunl.% ol. assets and li<lbilities, inLumL and CXPLlI.%cs. TIIL L¥timalL.s ail(i
as%ocialLd iissuiiipliun.% are ba%ed on historical Lxp¢riillLC aiid uihL'r faLlur5, in¢ludiiiby ¢XPLLlati011s uf fuliirL ei'¢nlN that
arL bcli¢ved (o bu fLdbonublL uiidcr ihc ¥ir¢uinstanccs. Tl)c aLlual oulLume May divcrg¢ troin Ihese eslimalcs if oil)cr
assutnptiuns are made, or oiher conditions arise.
SiAyiiific'4iitjiidg¥Nieii15
In IhL cours¢ of prLparingJ thL finanLial slalimLnl%. thi l(Ill()Iving significant judglminlb h41I'L bL¥n m<idL in the pri)ccsS
ol. applying the charity's ac¢c)uniing policics'.-
a4sL%.4ingF thi pi'obiibility i)f thL' fLLLipI of ILgilCy inci)mi'
)g%L%4ing' IIIL (Ipprupri47tLn¥s5 u1- thL' .I%%Utnpli()ns and mLihi)d(Ili)&'y Il%Ld in dL%tLnnining thi 11¢ ir i'aluL Ut
invL%lmLnt pr(IPLrtILS',
delLrniin1n1 IIIL N'alui i)f th¥ dLsi¥natLd lund.% nLLdLd ai IhL V¥uf Lnd io InLLt %p¥LifiL tIllLifL Lxpinditiirc:
AeJ'.iiJiirc'e.i ijfe.IliifftJ4¢iiiii iiiiLrluiiili'
Aec()untingi LNlimilli% and <lSSLimptiutiS <lfL miidL' LunLLming thL tutiiK' and by thL'ir i)aiurc. i¥ill r¢irily 14ual thL'
ri'11c tLd
Page 19 DIOCESE OF HALLAM (RomaTh Catholic Diocese of Hallam Trust) NOTES TO THE FINANCIAL STATEMENTS Year Ended 31st December 2024 Fund Aeeaunting DiuLL%<lll 4}lti'llle% fall ii)to tivo calcgories-. Q Parishe Iraiisacti()i)s rclaliiiiF lu inclii'idual Pariqhe% i¥'iihin ihc Dio¢i%e. El Curia IransaLtIDns LUtiLLming IhL DioLcse a% a w'liole. ThL Funds ul the charity arc analyscd into RL51riLled and Unreqiricied Funds. RL%tl'lLILd Fuiids rLpfLSLI)l ainuuiils rLLCiN'Ld t.or a SPLcifiLd p?UTPU%L ivhich had iiol b¥Ln CXP¥nded at thL BalaiiLc Sh¥¥l dali. Parisli propLriy %ubj¥Lt Lu a Si)LLial Trust is alsu rLIILLILd it) Il)L Risiri¢Lcd Fuiid balaiicLS. UnrL.%lriLl¥d Funds rcprc%Lnt dm(iuntS i?K'ailablL for the y¥llLral purpo%L'S ()l- IhL Lhariiy. Il'iihin UnTLStriLtLJ Fund%, r)¥%ibFll<ilLd Funds rcllLLI th¥ ain(iunis SLI-a%idi lor P41rtiCLilar piojeLts or pury)().4Lq, bul ivhiLh may bL sPL'ni l()r u(hir gLIILf&)I chilritablL purpi).qLs. ThL StalLmLnl i?I' Fin?ncial A¥tiviliLi dctiiils Parigh and Ciirial incoming rc41111fLe% lind rLsoureL4 cxpcndLd. <inalysed bLIII'Lcn Unrc%iri¥l¢J Jnd RLStriLtL'J FLinds. P¢iri%h Ii)LUtnL IS. Lindlr ('iini)n Liiii., undLr ihL L()ntr()l Lind dirLLli(In i)I' thL Pari%h PriiNt IN'h(l LXLfLiSL% hi% niii)i%lry und¥r thL aUtlii)rity ()l-IhL Bi%h(Ip. Alth()LlgFh thL FiniillLL B(iard (Il- Dii)LL4L Ill. Hall%ilii Tnist¥L lii1S ultlllliltL fL%P(Insihilitv iindLr cii'il l¢lll' l()r thL%i liind%, th¢ jLiridiL<il PL'f51)n ivhi) h()111.4 Pilri.%h FLinds 14 thL P&iri.%li PriLs1. lind thL%L lund.% 4ifi unr¥striitLd onlv in icrni% (If th¥ir use NN'ithin thL' indil'idual puri.4h. Tangible Fixed Assets Freelinld Leasehold Land #nd Buililin (al Functional Lllnd and Buildinkys L'hiirches Prc%b tcricN. C hiirch H;Ill% OflicLS Ctc. FlinctionlI L¢ind. li.e. land uscd Inr thc priinc piirpo%c nl. the C'h<1rityl, is includcd in Ihc liniinci411 ilJtcinont% dl origjinal Lo%1. ()r iN'here thi.% 1% not al-iiil£ihlc 411 lin c.%liiii;It¥ i)f 1¢% hisioric cost l ()r ii) thc i. cost. ¢lt it% fclil. Viillie dl thc d£ltc of rcccipil. Fr¢¢hold lJnd is noi dcpreciiiic<I bccilll.%c il h.i% Jn indLlinilclv long ii%cliil lilc. Fiiiiclii)n.Il BiiildinLF.% (i.c. biiildinbFN Il%Ld Inr thc prinic PLirpi)%e i)l- thL C'liiirilyl, ii'hiih iirc .%lill iii LISC liv tlle C'li&iritJ' ari tIIL t)ii)cc%c, 111<2jor rcni)I'clti(In% 41rc capila5is¥d ¥il the co4t ()I' c(In%lnielii)n. Biiilding% ii'hich ivere in use <lt 31 41 r)Lccinbcr l ()()6, <ind iiddiiiiins sin¢c th¢lt date. lire depreci11tcd al ratc5 cal¢ul'iteJ to 'rilL ()ff ihiif iiiiin:It¥J Iiisti)riL L()Nt IILS% tIIL L%tiniatlLI rLsiLlii'il i'aliil) Li'Lnl!' i)%-Lr Ilic ii'hulL ol- IliLif il%LI'iil lifi. Tlie e5tiniiiie ol. the iisetiil lite c)f Il bLiildinLT I'cirie% dependinLY ()n the cc)Iiditivn :ii)d futiire iise ol (l)e buildiiig. IloiN'ever. iii &Teiiercil il Is expLcied iliil a biiildiiigJ in Il reclSOI)iible stale ul- rep.iir ii'ill ¢i)iitii)iie iii Ilie ii'itlioLII mijor reiio1.1til)ns or iniproi"einei)ti lor the tolloii'inLT period.. Unlisted C'hurcheb C'Jtliedr<il aiid Liited Cliiirclies Presb}'teries OTher buildiniJs ?5 10 IOQ years Illa to 1111 vears i lo iQ ve.2rs 10 to 75 J'ears Depreciiilioli fi11es are c.Ilciil.Ited usinu tlie2 i¥e ot-the buildiiib) aiid irs exp¢cted LiSehil lit-e. Ibl Icl Idi
Page 20
DIOCESE OF HALLAM
(Roman Catholic Diocese of Hallam Trust)
NOTES TO THE FINANCIAL STATEMENTS
Year Ended 31st December 2024
Padlkny Mariyrs Chapel, GrinLiliford, Dcrbyshire is iiot depreciatcd bcLause it was built c.1400, is a (iradc I listcd biiilding
ai)d is coiisidLrLd iu haille an extraordinary lung lifL" Ihal cannot bc dcicrinincd. ThL chdriiy duL% Ilot recognise ihis hcrilage
dSbLI in li% Balai)¢¢ SIILL( dL.lails of its Lost aiid initial valuaiion arc nol held. gii'¢n thc nature of the atsNel aiid ils
SoiigFLI'jiy. TIIL cost uf ubiaii)in&y a i¥aluL IS i)ol commcii4uraic iviih any bciicfii io ihe users uf ¢hL
Pae 21
DIOCESE OF HALLAM
(Roman Catholic Diocese of Hallam Trust)
NOTES TO THE FINANCIAL STATEMENTS
Year Ended 31st Deceniber 2024
Fixtures Fittinus and E
ment
Acquisilion% iviih a cost {or lair valuL Ill th¢ ¢as¢ of doi)ated itcmsl in excess of £5.(lQll are Lapiialised. Thcv are
dcprLcialcd al ra(es LalLulatcd io i¥'ritL off ihL Lust, ILbS (hL Ls(itnalLLI ILsidudl fv'JluL of each evenly oi'er its cxpeLled
useful life as t"ollows'.-
FixiurLS aiid Fiiiin¥s
Office Equipii)ciil
Compulers
GcnLral Equipmenl
Chiirch Fixturcs & Fitlin&'.'
Pr¥%bytLrv FixtLifLS & Fitting5
RcsidLntiiil/t)iiy C.L'ntrL FumiiurL & Equipmcnl
Mulur Vehiclcs
l O years
3 yi(Irs
5 ycars
10 10 sn yL'ars
5 to l O yL41r.q
4 t() l O y¥ap*
Reducing B2£ lancc
Il'orks of,Irt and Flistoric Treasures
Indii'idiial Ivorks ot Art. Histori¢ TrLasLir¢% and Pli)tc arL n()t L4ipilali%ed as Ihcy hai'L cxlrii£irdinary long lii'cs ond arL
-i)rth pr¥%L Th'in& PLiPLtLially.
Ini'estments
InvL%tniLni% (qrc gtatLd 411 Ihiir miirKLt I'aliil 415 ¢11 thL B()IdnLL ShLLt daiL. ThL StiltLillLni ()f FiniinLial ALIiK'iriL4 iniliidL
IhL nLI raInI and l(I%%LS (Iri.%ingF on r¢i'411Lliltii)ns and di%po%dl% thrulighuiit thL YL.;
Foreign currenc}, tran5%1Ctions
Thc linaiiciiil %liiicmciilN 'ir¢ prc%¢nt¢d in Stcrlin&F. Ivhich is £1150 the tLlllCtioniil ciirrciicv ot Ihc chiirily, Tr4illsiiciions iii
ciirrLllCiL% Oth¢r th:In thc fiiilCtiaii.'Il currciic). ot Ihc cli.Irit!', drc rccordLd ill Ihc rkilc l)I'c.xch£ingtrL ill th¥ dalL Ihc IriiiiNJclion
occiirrLd. N.loii¥lary' itLiii% Jiiioiiiii1:Ited in otliLf CLirreiiciLI 'irc trai)%l<ed <11 Ihc rcilc pi'ci'ailii)gT 41t Ihc Liid ol. lh¢ repnrtin&'
pcriod. All ditlcrci)ce% Jrc takcii to Ihc rclci'iini SLippor( Co41.% clciiici)l ol- Ihc Sicilcnicni of Fin,'Inci;Il Activiti¢N.
Penslon eosts
C'oiitrihutioi)% loivdrd% cmpl()vcc's personil pcnqinn schcinc% and 2 group ptrr%nn£11 pcn%ion %cheinc for cmplo)'CC% iir
cliiirbycd to tlic Siiil¥l)iinl of Fin;Inci411 A¢lii'iii¥% in th¥ J'i:Ir in ii'liich ihcv becoi))c paycil)le. Thc t)ii)ccsc 14 iiciihLr liablc
lo financc any liindiiig .shortlill: ni)r entitlLd tn henelit Iron) IL n>. oi'cr-liindiiig. No conlribLilion% ik'crc madc diirinLi- thL
yciir l() thc Tcachcrs PLnsi(In Schciiic I'thc TPS").
Page 22 DIOCESE OF HALLAM (Romall Catholic Diocese of Hallam Trust) NOTES TO THE FINANCIAL STATEMI ENTS Year Ended 31st Deceniber 2024 Grants Parishes 2U24 Curia Total 2024 Total 2U23 2024 Governmenl Cirdni.. Naiional Lollcry Coiiimunity Fui)d (RC Yurk.41)irL and Humber Rcgioi)) ()IhLr CJraiil£ 52,200 180,088 52,200 181,188 26.lQO 8£),628 1,100 1,100 23?,2S8 233.388 115,728 liicome from Charitable Aetii'ities Parishe5 Total 2024 2024 2024 2023 R¥po.sitiirie%, Bookstalls & Salc ol. N¢'Spap¢r$ 40,()59 40,959 31,855 12.858 48,849 11)4,481) 113,796 204,273 ?33,791 1115,38n 4.713 I,X?5 OthLr Parish Lhi?fi141blL incomc Si. Willnd's Centrl Si, Willrid % Pl(IC Curillis H¢l11 £chi)()1s t)LPclrtinLnl Pr(IjLLt Miinclg'LmLni and Adinini%lr(IIiLin Fin11 nLL r)Ll)Ilrtm¥ni Fi)milti()n & Mi5si()n P£)s1()riil C.Lniri 52,()?11 5?,6?8 173,171 106,47X I1)0,4X7 ?5?,74n 3L),7XI 173,171 1116,478 IL)0.487 ?5?,740 3l),741 5,11110 3,957 3,957 8,X?3 ,9nii 17,2Xg ?0.000 In,141 ?48.()5? 1.91)0 17.?%9 2n.DllO 550 22.398 5,nno Yoiiih Mii)i%lry Niltioniil Schi)i)1s SinbFjI)gi Progyr&iiiime St. Vii)CLiII'% N.li%%ioiiHuli LourLlc% Pil&Trim2bTe 'al%inbh'ini PilgTrimdgTC 24%,652 214,645 5148 1115,497 1.078,419 1,183,916 1.179.758 Other ITli'e5tiiient liictsme Pthrishes 2024 Curi 21124 Totul 2024 Totul 2023 Int4rLNt (In CilNh dL'P(l%it. ListLd Ii)i'c8tincnt inLoinc and i)thLr ini'esimLnt inc()tTIL 3.544 115.513 i on.3?5 104,745 ?15,83 ??3,80? 175,761 Ixpcnditure on Rthisino Funds Pthrishe5 2024 2024 2024 2U23 Fiind_raisiniT Costs Baiik ClIArilC% IIiN'LsiniLI)i Nliii.ioeni¢iJt C'osts Iii%'esimLnr Propcn). MJii'iiJomeiii & F.XPinscs •0 (}63 3).641 33.405 31.973 4:.460 13112? 136.1}_In
Page 23 DIOCESE OF HALLAM (Rotnall Catholic Diocese of Hallam Trust) NOTES TO THE FINANCIAL STATEMENTS Year Ended 31st December 2024 7. Charitable Activities Direct Costs fiupport Costs Total 2024 Tfjtal 2023 Pari.flies Chiircli Aliar & LilurgTV Parish &TLllLrdl runnin&y Losts Pri)perty i-epdirs lind maiiiiciiaiice C'.lergy cos(s including? trai'cl CXPCllbCS Sial'l"Lost IlipfLLiaiiun Kcpo%iiory, Flo()k.4¢all & N¢iv%pk)p¢r cxp¢ns¢s C".alLLh¢¢iLal PJ%lural Miiii.%lry PaymLni% io Ilcligyioiis ()rdLr.s re Pari%h SistLr% ProfLtssioiial (LLS 172,045 1,099,688 ()fig.9811 40? 566 172,n4i 1,099,688 669,980 40? 566 2(>3,4?4 7110,968 3C),300 12,1?0 12.006 2,4110 54,617 3,4?6.114 12(1,831 1,197,264 633.430 380,469 241,96? 683,314 263.424 700.gC)8 36,300 12,120 12,011() 18,339 17,106 2.400 39.849 3.3711,493 3.4?3,714 2.4110 DireLt Cost5 Suppnrt 2024 2023 Ciiri 115.5411 2X.4311 ).143 98,£75 ()L),31}4 X5,5411 ?(),413 X7 1)77 (iciiLral l)i()CL.%jlll F.XPLndiiurL' Jubili¥ YLJr 983 91.:()7 04,407 I7,(17 27(),772 6<),394 11),1¥5 2()11.35X I lallain Pds1()ral C"Iiiir¥ SLliu()1s DcpJrtlllLni 2C)11.38% CNIAT SLIIIP Ll)s15 PrLIPLn>' r)Li?arlii)¥i)I I ILi& Ill) & Safi¢y 140,835 5¥.318 15.2x8 3().444 84.154 94.483 46.071 36.961 94.882 3,500 IXl)16 3X.4(Tr() 13L).642 60.614 13.7k5} 3.14 956 Clcrb) b(Iiin<llion Lt Traiiiiiig C"ILr¥)' %iippoi1. IILlI'Lal Aiiiiual C"Iiiifcr¢zi¢ ick &. IILlirLLI CI¥i"¥v tional Lci'ic tirantS tu Sihvvl% IDii)LL5an Slhools Buildiiig Fuiidi Caritas HLLllaii) PadlL)' CliapLI Si 11 ilfriil's CEI)trL 18 C)16 38.46Y J(),()4? 53,442 33.3()6 59.7aC) 7,062 312 ?82 3.X7 43().IIC)9 60.111 3,615 ?fi0,3¥? (?? !4X 17.107 2.540.695 {3,7%$1 339,X3n 11.12n 5,574 474 Llurghi¥-Lillis Hall CL'niLItL Tr. 3119 2%? R15 •X?.815 ProfLs5iunal ILLS Nii tiundl SLliuii15' Singling ProLFrdinnii 34.6)5 - J4.6()3 34,655 ?.40i.041 170.)48
Page 24 DIOCESE OF HALLAM (Rotnan Catholic Diocese of Hallam Trust) NOTES TO THE FINANCIAL STATEMENTS Year Ended 31st December 2024 Allocated Support Costs Parishes 2024 Curia 2U24 Total 2023 2024 Final)¢¥ D¥parimLI)i & TruslLL ni¥LIIii&i Los15 QiovcrnanLe Legal & l)Ihcr ProfLs%ional Fees Audil Accoui)tanLy 95,865 95,865 ?,400 17,400 57.083 2,400 12,132 16,470 55,603 17,400 57,083 170,348 17?,748 179.285 Totgl 2024 Total 21123 st[[ Costs Salarii S(Icial Sccuritv C()%ls PLn%i()n Ci)s1 1,343,056 )0 ()70 1,28C),X68 88.51)] 64.??9 1,4l)1,150 1.44?.688 ,Ivera&ie nuniber of enipl¢)vee$: 2Q24 2023 PurisliLS5 53 53 r)iOCCbiin DcpilrtniLnt% & Abrcncie t)iOCC%iin Urb£illi%iiiion 19 20 34 In3 107 Thc nunibcr of cmJ)Ic))'ec% ii'h(>%c cn)i)liimcnts fcll i¥'iihin Ihc IcTrll(IiK"inbT b£ind KVd.%: 2024 2023 £70,001 £8n.oon Duriiig the !e?I r. pei)sioi) contribiitions lor the aboi'e 17l1)OLlI)ted to L15.07912093.. L 10,3611. The CQbt ol. Key In.Ill<l&?emeiit pers01)nel ls<llJr)'. emplo!er'5 ll¢ilioiial insurance and einplo)'er's pensioi) contribiitionsl '.Is L)?0.1)%2121)?3.. £??l.%()41. Cl¢r(FV re not ii)cliided ii'itl)iii the 21 boi-e .Is tl)ey .Ire Otlice Flolders ai)d not eniplovees of tlie Ch<irity'. Pi2y'iiieiits to C leriiv .'Iinoiiiited to 14()7.-f 99 {21)?3.. £4.72:31171. Pa)'nientb to Relioioiis Order5 tor P41risli Sisters £iinoiiiited to L l * 111)6 I?0?3.. £17.106}. In c1ddilion to en)plo)'ees. tl)e C.h<lritJ' l)as a number ol- Lillpiiid i'olunteers ii'ho help in Ilie parishes and in Diocesan Oriyaiiisations.
Page 25
DIOCESE OF HALLAM
(Roman Catholic Diocese of Hallam Trust)
NOTES TO THE FINANCIAL STATEMENTS
Year Ended 31st December 2024
10
Trustees (Finance Board IWleniber5) Information
The solc Trustec ot the Roman Caiholic Dioce%e uf Hallam Trust is a TnJ%i Corporalion, DivLL%L ol Hall(Ili) TNSILI. Thi
dir¥iloi% uf DiuL¥NL (If Hallani TrustL'C arL. knoivn a.% M¥nib¥r% of ihe FinanLe ljoard aiid Jrc TnistLes iii lai¥.. Nonc of thc
M¢mb¥rs ot thi Fiiianc¢ Board reLeii'Ld reiiiuiicratioii lor tlicir rull a% Tru%lLe%. Fuur NILnibLrs of IliL FinaiiLc Board who
sLrved duriiigF thL yiar arL Rumari C.aihulic Priesls of ihe Dioccsc, and ivLre housed and remuneraled iviil)in iheir pari%hes.
Tci l)iin ii) Ihe perforiiillncc ot Iiis dulli%, IhL Bibliup is pruvidLd ivitl) a IIuusL, aiid hi4 ¢xpiiiNLs iii C(IrlI]g out IIIN uffiLL
ari mcl fruni c.urial FuiiJs. ThL' lulal rcmuncralion rcccii'Ld bj. IhL Llergy TrusleLs ihrougli il)cir ec¢l¢siasti¢al uffiLc laiid
not thruubyh th¢ir posilion a% IruNIic5} Ivas £43.977 (2023.. £38,315).
Non¥ of Ilic Mcmbcrs ot (hi Fii)aiice Board rLLcii'cd aIiy rLiinburseinei)i of LXPL115LS arisin¥ frum Ihcir posiiiun a5 TruslLLS.
Indemniti, Insurance
harilable Tru%tLL IndLinnity Insuran¢¢ tor Li Inilli()n Loi'Lr il'as incurporatL.d in IhL Ol'Lf£l11 puhli¥ liabilitv 4ind building
in%urancc arr&ingLmLni% iniidL liir IhL eharily.
12
Tan2iblc Fixed Assets
Freehold
L¢as¢liold
Lllnd
Fixtures,
Fittings,
I 'lntar
Veliiclc5
Building5
Buildink¥s
Equipnieilt
Ttstlll
C05tlFuir i'4lue at acquisition
ill l It JiinLliiry 2024
Adliilinn
r)i%p()Siil
40.I)8 j.3X?
49,469
1,089,Q33
2.13X,fiX6
33,945 44,246,486
49,469
{115.9371
IX5 ()37)
As Jt 31 5¢ t)cccmbcr ?1)?4
41.034.851
,11113,Q96
2,138,n86
33.985 44.2111.1118
Depreciation
A.4 ilt l.%1 Jiinllilry 2024
Chill'gc li)r thL l eiir
r.liminiiicJ on di%pos
Page 26 DIOCESE OF HALLAM (Roman Catholic Diocese of Hallam Trust) NOTES TO THE FINANCIAL STATEMENTS Year Ended 31st December 2(124 13 Fixed Asset Ini'estments 2024 2023 (a) Listed Ini'estments Markcl ValuL I st January 2024 ALqui.%ilioii at ()penin¥ Klaliie {Note l) NLI unri&ili%L¢J inN"L%linLnt gaina{111%sLS) 3,7?9,714 85(),L)Q2 (837.829) 204,913 3,510,124 1,57? X55 {1,493,091) 139,826 Market ValuL 1131 st DccLmbLr 2024 3 l)56,7011 3.729,714 (bl Unlisted Ini'estnients ThL C athuliL Nationiil MLItU<il LiinitLd Iniir_r)i()LL%£in FIIL'I N,l£in2i blL'I)ILnt LiinitLJ 4,QO() 4,0110 4,000 4,Onll x,niin (L) National Sai'ln%s Deposlts &. Bi)nd.% M<irkct Valiic al l Nf Jinudry 21124 99.11011 M4irkct V4ilLie &i131 $1 t)eccinber 211?4 99.Iinii 99.nnn (dl dc'p051ts - poiidiiig reiiii'i's¢n)c'iil Siockbrnker's dLPO%It liccount 51,645 2024 2023 (e) Ini'e$tment Properties M.Irket Vilue al I sr Jaiiudry 20:. Tr.Iiisler tr()ni FunctiL)n21 Filed Assets Dispos.i1s il Opeiiii)¥ Value {Noie 11} Net <?.2111.'1 lois) 01) rev'ilii.Ition 4,3.f1.9.iO 4,4?4.763 172,8131 rket V&iliie at 31 st Deeeniber ?11?4 4.351.91) 4.351,9$11 TOT.4L FI.XED ASSET INI I'ESTiiifi NTS 8,464.516 8.240,309 Coi)tinLied Pa¥¢ 27
Page 27
DIOCESE OF HALLAM
(Rom3n Catholic Dioeese of Hallam Trust)
NOTES TO THE FINANCIAL STATEMENTS
Year Ended 31st Deeember 2024
Fixed Asset Ini'estments (Continued)
2024
2023
Note (I)
Pro¢¢cds
Rc(Iliscd (CJaill)/Losq
884,500
(46,671)
1,479,256
13,83)
837,821)
1,493,01)1
2024
2023
te (11)
Pri)cLid
RLiili%Ld ((iLiin),'L()s8
72,?13
6nn
7?.813
MJrk¥t V411iiL ul 31 51 DLLLinbLr 211?4 rL'prL%L'ntLJ ini'L%iiiILiils hLld liir'.-
Piri%h piirpo%c% £4.411fi.819 1?1123.. £4. J9().?.l?I
Ciiriiil piirpD%es £4,1157,697 (?0?3.. £3,844,077)
Tlie l)iNtI)ricdl co%t ol. li%t¥d invcslnicnr% 14 £3,194.522 {?Q23.. £3.195,713).
Thi Linli%tLd iniL.%tIl)Lnl in Th¢ Catholic N41ll()ncil MulLl&il Liii)itcd c:In onlj bc dispo%cd ol. ai p411- lind Ilic historical cost
ot th¢il ini'cstincnt is £4,111)11.
Th¥ iinliiicd ini'eNlmcnl in Inlerdi(Icesiin-Fui l ManJgicmcnl Ltd iV1c 4 dcquircd (In 31, N.larch 20•? ilt a i':Iliic i)f £4,Q(>Q cind
can i)nly hc di%p(1sc
Page 28
DIOCESE OF HALLAM
(Roman Catholic Diocese ol Hallam Trust)
NOTES TO THE FINANCIAL STATEMENTS
Year Ended 31st December 2024
14
Debtors
2024
2023
Amount5 falling due ii'ithin one year
AcLrueLi Inleretr+l reeeiN'able
(Jifi Aid Tax reLOI'L'rable
1,50)
611,1141
469,056
XI?705
13?519
3? 5L)2
3,192
35.51()
?S,8S6
840,311
117,645
13.3a6
OihLr f)ibiors
PrLpaymLnls
Pa.%lurdl Li)l£ n
,5118,418
I.Q3X.85()
ThL P£lStur1i l Loiills mild¥ arc ti) priLsls, inlcrL51 frLL and rLP%iyablL c)n demand.
thLr DLbiur.% inLILidL'% £486,815 (2n23.. £489,815) scl-up ¢usts snLI 4)n bLhuif
Page 29 DIOCESE OF HALLAM (Roman Catholic Diocese of Hallam Trust) NOTES TO THE FINANCIAL STATEMENTS Year Ended 31st December 2U24 16 Restricted Funds Ini'estment Gainsl (L Trsses) Balance Bjlgnce 31.12.24 1.1.24 Income Expenditure Ti'ansfers Pari.sli Fiiiids Parish RLsifiLILd Properly J.J. EyrL Fuiid (S( ViniLnt'sl J.J. EyrL Fund Isi Nlarie's) thLr RestriLtLd Piiri%h Funds 5,321.774 33,816 55.387 477.29% (129,397) {5,353) 5,192,377 33.509 65,363 445,754 1.664 2,771 3,3¥2 7,205 (11,727) (19,817) Ciirifil Fiipids SiLk & R¢tirLd Clir&y Flind PriL%ts TrL1 ining Flind Fi)IindL21i()n Mii%%CS Fund DioLL.%cin SLho()1s Building Fuiid Ni¢ lii)nal Singyingy Pr(IgTriinittL' Flind Caril<l.4'. N4ili()nal Li)ItLrv C'.(Iminunity Fund ¢lritii.%.' nihir RL%lriLlid Fiinil L(IiirdLts Pil&Friin4lgFL .' RL%lriLlid Fund St. Will'rid's C'¢ntri RL%ifiLILd Flind8 St. Il'illri4J's PldLL IIL.%lriLtLJ Pui)d 7.1127 15,225 6L),621 33Y (13().64?) 118,637 {18,916) (33L)) 3.785 134,655) 5n,705 51.77? 55,557 23,6?0 26,100 5? ?(111 86,()1111 {10,275) 1.500 3.7()3 1,37Q.%39 ),3116 l1),81161 (31,8811) 1,338,() j9 7.3 jl},26() ?¥3,226 (414,3115) 111.587 7,337,5()7 lal P£iri%h Re.%trictcd Propcrty Fund Thi% fund rcprcsents ihe Pdri%h propcrty rh< is .%iihjccl Its a Special Tru%t? ¢lt ils Iicl bi)i)k i'l11uc 41t thc Biilancc Shccl dkile. (h} Othcr Rc%trictLd Pdrish Funds - Thi% Fiind prcdon)ii):Intly repre%Lnl.s lunJ% %iri.4ing trom Ihc di%posi110l' Snlly StreLt hy St Vincent'% Pc1ri¥h, i¥'hich drL ti) bi ilscd only. l-or Ihc benefit ol. tlidt P*iri%h. Ic) Si Will'rid'% Plilcc Rc.%tricted Fund - Thi% Fund rcprc%cnt.% the &iinoiint% rcccii'ed in re%pLCt ol. 41 prnjcct in Shellicld (o prlii'iclc %iipp(irtcd h()Li%ing. lor <idLili%. ii'hich h¢id niil bccn CXPLI)dLd ilt tliL Fliil:Iiic¢ Sh¥cl ddli. Idl C.irit'i%'. N1tic)n;)I l.uttcrv Qoiiiiniinity Flind This Fund rLprc%cni% tl)C gTf<ll)t% rcceii'cd tr()In the N.Ili()niil l.ollcrv C'i)niniiinilN' Fiind Recichin&F L'i)nin)111)itics.'P'inn¢r%hip% in rc11i li()n lu ciiun%LllinLi %¢ri'l¢1%, ii'hich h41d nui l)ccn c.XPLnded %lt IhL Balancc Shcci datc. (i) C,'Irit'is.' nthLr Ri%iriclid Flind4 - Thi% Fiind rLprcsents thL. h.IliinLC C)t gr£ints rcecii.ed in rLSPL'Lt ()I' coiinsillingi %Ln'icLS. .liicli l)?d ni)I beeii eipeiided ilt the Baliince Sliee( dll te. I n Dioces.iii Schoo14' Biiilding, Fiind. Trainii)Ll Fiind This Flind reprebenls tlie iifiioLinls receii.ed bv this Fiind lo eiiable ?rii)ts to be Inide to diocei.2n Voliiiitiiry. ..lided School% to dbSlSt IIILin iii fiiicinLingT Il)e Goi ernor% Ill/,, li.Ibilitv lor bLiildii)iJ improi'enients and repi?irs ol- school buildiiigs. 17 Llnrestricted Fund5 Ini-e5tnient Gains (L05scs) Balance 1.1.24 Balance 31.12.24 Income EipendilurL' Transfers Piiri.Ili Fiiiids Giiieriil Fiiiid DeSinled Funds Piiri%hci Fund lor Fixcd AsSCtb 8.11•).6()7 3.866.51)7 1? 7()6.¥?8 I {7711.4i41 X,3?1.917 l? j6%.87? li71.5711 i ?.n4Q.f 16 111. j91 ..f 69 3.8()6..50? 13.368,3991 {7?7.?191 lQ.)6?.4i3
Page 3U DIOCESE OF HALLAM (Roman Catholic Diocese of Hallam Trust) NOTES TO THE FINANCIAL STATEMENTS Year Ended 31st December 2024 17 Unrestricted Funds (Continued) Ini'estment C¥ainsl (L055es) Balance 1.1.24 Balance 31.12.24 Inconie Expenditure Transfers Ciirial Fiiiids GenLral Fund 2 ()51 ())(6 1,155,768 11,172,772) 653,223 225,496 3,813,711 Designated Funds Curial Fuiid for FixLd A%%c15 Needy P<lri.bhe% Flind Cariia.4 Hallam Fund St. Will'rid's C'cnlrL Fiindg Si. Wilfrid's Pl¢lLC Fund Loiird¢s Pilgriin¢2g¢ Fund Wiilsin&Thiim Pil&JrimagiL Fund 11)38.414 23.767 263.6Q6 360.5x3 576,541) 22,3?1) 3,183 9,?50 (53,380) (35,009) 1,859 ?75 26,7a5 1 ()4,() j6 371,741 604.280 ??I,u?I 396,6?2 1116,478 157,C)56 (305,172) (435,464) 50,nno (28,738) 150,000) (IX3 ()?7) 10,185 15.501 3.014 (),141I,411() 2,11511,0%4 {2,17().673) 6?8,391) 24n.()97 6,880,216 (u) P£iri%h Fund l()r Fi.YLd A%.%Lt.% This Flind L()mprisL% thL amulilli ()f IhL' net b()()k valuL ()I' tixid ii%.4iig f(Trr Pari.4h U%L at tIIL hiiliillcL shLLt d<lt¢. Ib) Ciiri<il Fiind l(Ir FixLd A%%LI.% - This Fund ¢(Imiiri%cs thi ami)Linl ()I' IhL llLI bouk i.'alLIL l)f IIxL(l ¢l.%%Ll% l(Ir giLllLf(Il DiiicL%&in LINL, ilt thL I)jil<inLL 4hcLi d¢ltL. Icl C'4lriti1S H&ill:Im FLlI)d Thi% Fiii)d rcprc%cnl% IhL (iinouiit d¥sigTI)Iilcd li)r IhL ciclii'iiics ol- C<irilil% H4111'im. Idl St Willrid'% CcnlrL FLinLIN Thi.% rcprcscnlN lund% LIc%igTI)<ileJ lor Ihc opcriltion of Si Wil Irid's Ccnlrc. Icl Si Wilfrid'% Pl&lCL Flind Thii Fiind rcprcscnl% Ihc &111lOLint dc4igjn.iicd in rc.4pccl ot a project in Slielfi¥ld proi'iding, iipN)ncd hoii.4ing. lor iidiilts. Ivhich h<id ni?1 bLin Lxpiiidccl .11 thL Fl'il:Inc¢ ShLiI d.Ilc. 18 Iliiali'sis of IN¢'l ilssets Belii'een l."und5 Ullrestrieted ruiids 2024 Restricted Fuiid 2024 2024 Fund Bulunccs t31St Dcccniber 2024 ?7.•4?.669 7.137.597 34.SSO.?66 ReprL'senled b!.: Tan1b[e Fixed Assets Iiivebtnienis C'Lirreni Asseli Inler-fiii)d offsei Liabilitieb '. Aiiiounis lallinL dul ii-iihin onc ear 14.5?%.327 6.9:1).()47 7.131,7%.3 {437,3%? {91111,7Iic)) $ 113,!.f? 1,543.8C)9 ?4j.l}18 437.38? {?.2?4) 19.641.879 ,464.51 (7 7.376.8111 19119.9301 Total NLI Abbcl ?7.?4?.()69 7,337.*97 34.5811.?66
Page31 DIOCESE OF HALLAM (Roman Catholi£ Diocese of Hallam Trust) NOTES TO THE FINANCIAL STATEMENTS l'ear Ended 31st December 2024 1 g Detailed Ailali'sis of Net A5set5 Behveen Funds Tangible Fi¥ed A55et5 Net Assets Inter-Fund Loan5 Ini'eslnienls TOTAL P,IRISFIES Restricted Funds Pari%h Re%lriLILd Property Fund J.J. Eyrc Fund (St VincLni's} J.J. Eyre Fund (St. Muric'b) IhLr RLstriLILd Pari511 Fund 3.712.377 1,480,OQO 21).143 34,726 5,199,377 33,509 65,363 445,754 13,3()6 30,637 8,372 437,382 Unrestricted Fund$ Pari%hi% Fund lur Fixed As%cts ()Ili¥p' UJiii.fli'ic'tL'Il Fiiii(l.f 1 ? 1140.536 12,040.536 CJLnLral R¥%¥n'L ? 871.950 4,40C),X19 2,ni)7,6?2 2,05L},()()7 3,442.34) 3,87(),7?7 8.3?1,917 26,(1()9,456 15.75?.913 Tangihle Fixed ,Issets et Assets Inter-Fund Loans Ini'e$tnients TOTIlL CLIRI.4 Restrieted Fuiid5 Sick &. Retired C'lcrgy Fund Pri¢%l%' Triiiniiigi FLiiid Fpiinddlion Flind Dinc¢%Jn Schools, Biiilding Flind N:IlianJl Singiingr Pr()gFrillllll)L Fiinil C'iirit'is.. N'iti()n.'Il L()ttciv Coininllllitv Fund C'Jrita%.' Oihcr Rc4lriclci] Gr<inls Si. Willrid'4 Ccnlrc.. Rc%tricted Grant. Si. Il'illrid's Pl.Ic¢ Rc%irictcd Liiurdci PilbFrimabTC'. Sick Cliild Flind 61,216 159,Ih9) 5a,7115 13,518 55,557 ?3.(??11 2.n47 5n,7Q5 55.557 2.1,()?11 96.11)11 76,3?5 3,263 ,338 1)5() 76.3? 5 2.263 i.ooo 1,33,%.gi9 1,500 l L)0,411) 1,401.175 ).non 1.6nO,i()4 Llnrestricted funds Curial FLind li)r Fi.xed ASSLt Need). Pcifishes FLind Caritas I lallan) Fiind Si. Wiifrid'% Centre Fliiids Si. Wiifrid'b PlclLL Flind Lourdes Pilgrimd¥e Fiii)d I'alsiiigliani Pil¥rin)<liJe Fliiid Oihc'i. L'iii'c'J'lri('lÉ'(l FLiii<l.% 1.888,7L) I ?(),516) l.X59,275 26,705 194,9i(? 371,741 (?114.? 811 6,534 3,014 ?6,70S 149.8431 1 ()6,1 ()5 173,67,% 9.70? ?44.799 16,*45 38?,4)5 (40.999 {3.168 Generiil ReseTh"es 3,81)3,898 4.Oi7.697 3,864.01)4 4.413.874 (3.%54,11)11 (3.879.7?71 3,813.711 8,4¥0.X I I) 1.88%.9C?C)
Page 32 DIOCESE OF HALLAM {Romaii Catholic Diucese of Hallam Trust) NOTES TO THE FINANCIAL STATEMENTS Year Ended 31st December 21)24 211 Third Partv Collections Third Party LolleLtion% arL takeii in CliurLhes ivitli ihL pèrmii%iun uf ihL C.harily bui ihe funds arc not uiidcr ihc Lonlrol of IhL Charily and arL cxLludcd frL)m Ilie Sialcmcni of Financial A¢tivitl¥S. 21 Entitlement to Future Legacies LegaLiLS arL' recogFni%cd whcn thLfL is Lnli(ILmenl, certainty of receipi, and Ihe legaLy Laii bc mcasurLd. Tl)c charily considers (hat cnliilcineiit is ,hell esiale accounis arc scitlLdlihcrc is i)()lification uf a diblribulion. 22 Connected Charities and Related Part). Transaction5 ThL Bishop of Hallam appoinls Fouiidalion Direclors of Cail)olic Voluiilary Academieg and Ihc livu dioLcsan Mulli Ac4idemy Trnsls and Foundation GO.Lrn()r. lu IhL Goi'Lrnin¥ Bodies af DioLcsan School4. Fuiindation t)irLLt(Ir%,IGI)N'crni)r% forni u miijurity in L'ILI) Tru%U%chool. Tl)L aLldrLssL's u1- DiucLSal) Schoolq arL dLlailLd on thL DiiiLLSiin ii'¢h%ili. (irani4 InadL' by IhL Lhiirity t() V(IlLinlciry Aid¥d .%Lh(i(115 for biiilding (2nd rcpiir ¢i)slN. Ihri)IiL,h Ihi DiaLLSiin Schools Buildinb Flind aniuuntLd to (£3 C)Oi} (?0?3.' £6.94D). Nu gran15 H'LfL m2( dL Ill SLh(i(Il.% by pari4hL IILirin¥ IhL yLar {20?3.' LNil). Ai 31" r)LLLmbL'r ?11?4 thc ¢h'iriiy held itinds c?mounling tu £659.53() (20?3..£762.310) representing Dtt ¥riint monLy hLld lor Dioceg&ln VA School%. ThL LO¢5P{lndln&7 crLdilor 1.% shown in NotL 15. Di()Lcsc ol'Halliim TrustLL' 1% a150 TrustLi of Si. Miihu¥l % R()mun CdthuliL ChurLh £2nd Prn'%hvlcry. Hiiihcr%ugie, a scparalL hlirity. Ai 31, r)Liimb¥r 2024. thL Lhiirity hLld £211,277 on hLhi& It of the &il)()I'L Lharity. 23 Finthncilll Inslrunients ThL charitv had ihi fulli)Kving finanLiiil inslruinLnl.%'. 2024 2023 Fi.ILd & ciirrci)1 &1s%cI infve%ln)eiitS F.quit)' il)V¥slniLiil% ai)d dLP()%it. $ 11?.5()() l.X%8,359 Fin;Iii¢iJl a%%c15 Ihill arc dLbi in%lrLimLnts n)c:1.4urcd Jt Jmnrtis¢d co.41'. r)Lhtor 1,-175.%99 9?1 •14 Finiin¢icil licibililic% Inca%Lircd 4lt ainortised colt.. C'r¥dilors i)Q? ()30 1.045,586 ()0? ()30 1.1145,511 24 2024 2023 P¢ifis1i Expendiiure Ciiri.21 Expenditure 4.5,1?0 3,749 33,971 Ii)clLided ill .Inioiints aiiihorised 1re net iinic)Iiiits contracted lor 33.971
DIOCESE OF HALLAM TRUSTEE Hallam Pastoral Centre, St Charles Street, Sheffield S9 3WU 30 October 20?5 Warrens Accountants Limited Chartered Certified Accountants Registered Auditors 33 Thorne Road Doncaster DNI 2HD Dear Sirs, Letter of Representation We provide this letter in connection with your audit of the financial statements of the Diocese of Hallam for the year ended 31 December 2024 for the purpose of expressing7 an opinion as to whether the finc1ncial statements g7ive a true and fair view of the financial St position of the charity as at 31 December 2024 and of the results of its operations for the year ended in accordance with UK Generally Accepted AccountingF Practice ("UK GAAP") and SORP FRS I O? We contim tliat the folloNI'ingF representcltions are mic de based on SLIt'ficient enqiiiries of managlement and stclt't. '1th relevaiit know'ledg7e and experience and, where appropriate, ot. inspection of supportinbi dociimentation and thlc t, to the best ot'our know'ledgye and belief, 'e Lan properly make each of these representations to you. We liave luifilled our responsibility for the financial slalemenls of the charity and tor their presentation in accordance iviih UK GAAP. We have fLillilled our responsibiliti, as meiiibers ot" the Finance Board of the trustee for makin& accurate represenlalions to you. We have fulfilled Olir responsibility, for the desigyn and implementation of intemal controls lo prevent and delecl Irc1Lid and errors. 4. All accoiinlino records and relevant infomialion have been rnade avai11< ble to you for the purpose of yoiir Illidil c1nd lie have LFranted Linrestricied access lo personnel ot" the ch1< rity. 5. All the transactions undertaken by the Lharity have been properly reflected and recorded in the accouniints records or other inforni<ltion provided lo )'ou. In respect of accounting estiniates and judTrements, IN'e Cont- our belief ihal ihe siiynificant assumptions used are reasonable. No claims in connection ¥%'ith litigation have been or are expected to be received other than those disclosed to yourselves and provided for in tlie finaiicial 51alements. All oranls. donaiions and other incomino resources. the receipt ot ivhich is subject to specific lenns and eondilions. have been notified 10 )'i)u. There liave been no breaches ot" terms or conditions in the applicaiion ot. such incominLF resources. Registere(I Charitv No. il ?021
We are not aivare of any breaches of our charitable trusts and that ive have advised you of the existence of all endoivments and funds maintained by us. l O. There have been no events since the balance sheet dale which require disclosure or which ivould materiallv affect the amounts in the financial statements. Should any material events occur ivhich may necessitate revision of the figiures in tlie financial slalemenls, or inclusion in a note Iherelo, Ive Ivill advise you accordingly. We specifically auihorise Mr EJ Whittaker. secretary to the Board of Finance to provide an update for you to cover the lime period behveen the signing of this letter and the date of your audit report. I l. We have assessed that there is no significant risk that the financial statements are materially misstated as a result of fraud. 12. We are not aivare of any fraud or suspect fraud affecting the charity involving ihose charged with govemance, managyement or other eTnployees ivho have a significant role in internal control or ivho could have a material effect on the financial statements. 13. We are not aivare of any allegFalions by employees, fornier employees, reg?Iil<2lors or others of fraud, or suspected fraud, which ii'ould have an inipact on the charity s financial statements. 14. We are not cllVl¢ re of any knoivn or suspected inst41nces of non-compliance ivith those laii's and reg?Lillc tions ivhich provide a legal framei¥'ork ilhin ivhich the charity conducts its business. 15. W¢ confirm that complete infomalion has been provided 10 you regarding the idenliticalion of rel¢11ed parties 1< nd 1111< t ive are not aii'are ot an). SlgFnilicani trans<1Clions ilh relc1ted parties, otlier Ilian those already disclosed iviihin the tinancial statements. 16. We conlim we have appropriately accounied t.or and disclosed related party relationships and transactions in accordance iviih Financial Reponing, Standard l O? Section 33 and ivith the recommendi2tions of the Charities SORP (FRS I O?). 17. There 1( re no liabilities or conting)enl liabilities or gyiiarantees that ive have given lo third parties oiher than those disclosed in the tinancial slalenienls. 18. Tlie charity has saiisfaciory lille lo all asseis and Ihere are no liens or encumbrances on the chc1rity'S assets, except for tl)ose Iliat are disclosed in Ilie finaiicial slalen)enls. 19. The charit). has coinplied I111] all aspects of conlraLIuc111< bireemenls Iliat could liave a inaterial effect on the financial slatei)ienis in the eveni of non-complianLe. ?0. We confimi Ihii t in our opinion the MAT Project debtors of £486,815 and School Department debtors oled ai Ilie 31 December 20?4 remaininq outstandino al the d<lte ot this letter ivill be recoverable in full. ? l. We confirni thal. liavinL? considered our e.xpeclalions and intentions for the neit NN'elve months and Il)e availabilitN' ot- ii'orking capital, Ilie charity is a uoing concern. We are unaii'are of any eents. onditions: or related business risk-s beN'ond the period of assessnient that ma), cast significant dolibi on the charity, s ability to continue as going concem at least until the J l. October 20?6. ?? Elpeci c1S disclosed in the accounts, the r¢siilt t.or the period ii.'ere not maleriall). affected bv: Transilctions ot a sort not usuallN' undertaken b!. tlie charity,. Exceptional or eNtraordinary' iiems or circumsiances. Cliarue5 or credits relaiino lo prior period. An), c111( n(ie in Ilie bc1SiS Ot" accounlinij
DIOCESE OF HALLAM TRUSTEE Hallam Pastoral Centre, St Charles Street, Sheffield S9 3WU 23. We confirn] that all correspondence iviih the Charity Commission and other regulators has been made available to you, including Serious Incident Reports made to the Charity Commission. 24. We confim] that the attached actual and potential errors identified from the audit work undertaken are not material and are to remain unadjusied in the financial statements. Yours sincerely Approved by the board on 30 October 2025 and signed on their behalf by: + rtoAUL& (1 .G.vL Rt. Rev. Ralph Heskett, C.Ss.R. Member of Finance Board Registered Charit!. No. 412021