PLYMOUTH DIOCESAN TRUST
Financial health, per its FY2025 accounts
The accounts state that the Diocese operated at a net deficit of £3,683,000 for the year ended 31 March 2025, compared to a deficit of £2,751,000 in the previous year. Despite this deficit, the Trustees concluded that there are no material uncertainties regarding the Charity's ability to continue as a going concern, citing sufficient resources to meet liabilities as they fall due. The total net assets stood at £84,125,000, with free reserves calculated at £30,500,000.
What the accounts disclose
“The Trust’s aim is that this level should be sufficient to cover at least 12 months total expenditure” — page 15
Leadership, per the charity’s website
- Nicholas Hudson — Bishop of the Diocese of Plymouth
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (15/09/2022)
- Received assets from another charity (17/08/2021)
Trustees
- PLYMOUTH ROMAN CATHOLIC DIOCESAN TRUSTEES REGISTERED
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £7.6m | £11.1m |
| 31/03/2024 | £6.3m | £10.1m |
| 31/03/2023 | £7.0m | £16.9m |
| 31/03/2022 | £7.7m | £8.4m |
| 31/03/2021 | £5.8m | £7.1m |
Common questions
Is PLYMOUTH DIOCESAN TRUST financially healthy?
The accounts state that the Diocese operated at a net deficit of £3,683,000 for the year ended 31 March 2025, compared to a deficit of £2,751,000 in the previous year. Despite this deficit, the Trustees concluded that there are no material uncertainties regarding the Charity's ability to continue as a going concern, citing sufficient resources to meet liabilities as they fall due. The total net assets stood at £84,125,000, with free reserves calculated at £30,500,000. Its FY2025 accounts were audited by PKF Francis Clark, Torquay.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| CATHOLIC TRUST FOR ENGLAND AND WALES | 3 | £102k |
| HOLLYHOCK CHARITABLE FOUNDATION | 1 | £75k |
| SISTERS OF MERCY SUNDERLAND | 1 | £55k |
| CHARITY OF SIR RICHARD WHITTINGTON | 1 | £25k |
| THE UNION OF THE SISTERS OF MERCY OF GREAT BRITAIN | 1 | £24k |
| THE PILGRIM TRUST | 1 | £20k |