ARCHDIOCESAN PROPERTY SERVICES LIMITED
Financial health, per its FY2024 accounts
The accounts state that free reserves of £355,998 are higher than the targeted amount of £235,000, with the trustees aiming to maintain reserves equivalent to approximately three months of unrestricted charitable expenditure. The financial statements are prepared on a going concern basis, supported by a legally binding letter of support from the parent charity for at least 12 months. The charity reports a net movement in funds of £90,231 for the year, driven by charitable income and investment gains.
What the accounts disclose
“The trustees are working towards maintaining free reserves in unrestricted (excluding Tangible fixed asset) funds at a level which equates to approximately 3 months of unrestricted charitable expenditure.” — page 7
“The parent charity has provided the Charitable Company with legally binding letter of support that for at least 12 months from the date of approval of these financial statements, they will continue to provide financial support and make available such funds to meet working capital requirements as they fall due.” — page 8
“Liverpool Roman Catholic Archdiocesan Trust, the parent entity of the Charitable Company, has recharged salary costs in the year totalling £171,983 (2023 - £166,613). There is a year-end creditor balance owed to Archdiocese of Liverpool CIO of £970,450 (2023 - £645,721 ).” — page 26
“Income included £1,151,765 (2023 - £1,229,198) from Tuneside Limited, a subsidiary of Liverpool Roman Catholic Archdiocesan Trust.” — page 26
“Liverpool Roman Catholic Archdiocesan Trust, the parent entity of the Charitable Company, has recharged salary costs in the year totalling £171,983 (2023 - £166,613). There is a year-end creditor balance owed to Archdiocese of Liverpool CIO of £970,450 (2023 - £645,721 ).” — page 26
“Income included £1,151,765 (2023 - £1,229,198) from Tuneside Limited, a subsidiary of Liverpool Roman Catholic Archdiocesan Trust.” — page 26
“Liverpool Roman Catholic Archdiocesan Trust, the parent entity of the Charitable Company, has recharged salary costs in the year totalling £171,983 (2023 - £166,613). There is a year-end creditor balance owed to Archdiocese of Liverpool CIO of £970,450 (2023 - £645,721 ).” — page 26
“Income included £1,151,765 (2023 - £1,229,198) from Tuneside Limited, a subsidiary of Liverpool Roman Catholic Archdiocesan Trust.” — page 26
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- REV Provost ANTHONY O'BRIEN
- Rev SEAN KIRWIN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.2m | £1.1m |
| 31/12/2023 | £1.3m | £1.2m |
| 31/12/2022 | £1.0m | £932k |
| 31/12/2021 | £938k | £910k |
| 31/12/2020 | £890k | £977k |
Common questions
Is ARCHDIOCESAN PROPERTY SERVICES LIMITED financially healthy?
The accounts state that free reserves of £355,998 are higher than the targeted amount of £235,000, with the trustees aiming to maintain reserves equivalent to approximately three months of unrestricted charitable expenditure. The financial statements are prepared on a going concern basis, supported by a legally binding letter of support from the parent charity for at least 12 months. The charity reports a net movement in funds of £90,231 for the year, driven by charitable income and investment gains. Its FY2024 accounts were audited by HaysMac LLP.