LIVERPOOL ROMAN CATHOLIC ARCHDIOCESAN TRUST
Latest income
£38.7m
Latest spending
£44.9m
Registered
1965
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that the group held total net assets of £218.3 million at the year end, with unrestricted funds of £97.8 million. The trustees report that the level of freely available reserves amounted to approximately 37 months of expenditure, which they consider sufficient to fulfill all obligations. The financial statements were prepared on a going concern basis with no material uncertainties identified by the auditors.
What the accounts disclose
Reserves position: below the charity's own stated reserves policy
“The archdiocese held 18 months of freely available reserves at 31 December 2024 (2023: 19 months).”
Per its FY2024 accounts as filed with the Charity Commission.
Payments to trustees: 10 trustees who were priests received £103,368 in total remuneration.
“The 10 (2023: 10) trustees who were priests received £103,368 (2023: £81,628) in total remuneration during the year.” — page 52
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Salary costs recharged to subsidiary Archdiocesan Parish Centres Management Company Limited.
“The charity recharged salary costs of £117,712 (2023: £87,977) to Archdiocesan Parish Centres Management Company Limited, a subsidiary of the charity. A balance of £482,587 was owed from the company at the year end.” — page 69
“The charity recharged salary costs of £132,811 (2023: £67,061) to Tuneside Limited, a subsidiary of the charity. A balance of £13,444,290 (2023: £2,101,830) was owed from the company at the year end.” — page 69
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Salary costs recharged to subsidiary Tuneside Limited.
“The charity recharged salary costs of £117,712 (2023: £87,977) to Archdiocesan Parish Centres Management Company Limited, a subsidiary of the charity. A balance of £482,587 was owed from the company at the year end.” — page 69
“The charity recharged salary costs of £132,811 (2023: £67,061) to Tuneside Limited, a subsidiary of the charity. A balance of £13,444,290 (2023: £2,101,830) was owed from the company at the year end.” — page 69
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Fuel purchases from Inter-Diocesan Fuel Management Limited.
“The charity recharged salary costs of £117,712 (2023: £87,977) to Archdiocesan Parish Centres Management Company Limited, a subsidiary of the charity. A balance of £482,587 was owed from the company at the year end.” — page 69
“The charity recharged salary costs of £132,811 (2023: £67,061) to Tuneside Limited, a subsidiary of the charity. A balance of £13,444,290 (2023: £2,101,830) was owed from the company at the year end.” — page 69
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Payments to connected charity Catholic Trust for England and Wales.
“The charity recharged salary costs of £117,712 (2023: £87,977) to Archdiocesan Parish Centres Management Company Limited, a subsidiary of the charity. A balance of £482,587 was owed from the company at the year end.” — page 69
“The charity recharged salary costs of £132,811 (2023: £67,061) to Tuneside Limited, a subsidiary of the charity. A balance of £13,444,290 (2023: £2,101,830) was owed from the company at the year end.” — page 69
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Payments to connected charity Liverpool Seafarers Centre.
“The charity recharged salary costs of £117,712 (2023: £87,977) to Archdiocesan Parish Centres Management Company Limited, a subsidiary of the charity. A balance of £482,587 was owed from the company at the year end.” — page 69
“The charity recharged salary costs of £132,811 (2023: £67,061) to Tuneside Limited, a subsidiary of the charity. A balance of £13,444,290 (2023: £2,101,830) was owed from the company at the year end.” — page 69
Per its FY2024 accounts as filed with the Charity Commission.
Trading subsidiary: Associated Church Clubs Limited, Metropolitan Cathedral Services Limited, Tuneside Limited, Cardinal Heenan Sports Centre Limited, Archdiocesan Parish Centres Management Company Limited, Archdiocesan Property Services Limited
“Various essential functions of the archdiocese are provided through subsidiary organisations. These include the commercial activities of the Metropolitan Cathedral managed by Metropolitan Cathedral Services Limited, and the operation of parish centres by Archdiocesan Parish Centres Management Company Limited.” — page 10
Per its FY2024 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/12/2024)
Total income
£38.7m
Total spending
£44.9m
Cost of raising funds
£9.9m
Reserves (reported)
£67.0m
Employees
480
Register events
- Received assets from another charity (28/03/2024)
- Received assets from another charity (04/01/2017)
- Received assets from another charity (17/12/2015)
- Received assets from another charity (12/11/2012)
Trustees
- Rev John Francis Sherringtonchair
- Carol LAWRENCE
- Colette O'Brien
- Ian Hollows
- REV Provost ANTHONY O'BRIEN
- Rev Canon Aidan Prescott
- Rev Canon Michael Fitzsimons
- Rev GERARD JAMES CALLACHER
- Rev GRAEME MICHAEL DUNNE
- Rev PHILIP INCH
- Rt Rev THOMAS NEYLON
- Sean Christopher Keyes
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £38.7m | £44.9m |
| 31/12/2023 | £39.5m | £50.7m |
| 31/12/2022 | £38.6m | £41.5m |
| 31/12/2021 | £35.1m | £36.2m |
| 31/12/2020 | £20.4m | £28.0m |
Common questions
Is LIVERPOOL ROMAN CATHOLIC ARCHDIOCESAN TRUST financially healthy?
The accounts state that the group held total net assets of £218.3 million at the year end, with unrestricted funds of £97.8 million. The trustees report that the level of freely available reserves amounted to approximately 37 months of expenditure, which they consider sufficient to fulfill all obligations. The financial statements were prepared on a going concern basis with no material uncertainties identified by the auditors. Its FY2024 accounts were audited by HaysMac LLP.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 28/08/2019 | £92k | "Metropolitan Perspectives: Sharing heritage, building futures." |
| The National Lottery Heritage Fund | 07/12/2017 | £194k | "Urgent Structural & Masonry Repairs to Church Tower" |
| The National Lottery Heritage Fund | 25/05/2017 | £10k | "Exhibition to showcase the original competition entries for the Cathedral's design 1959-1960" |
| The National Lottery Heritage Fund | 03/03/2015 | £209k | "Liverpool - St Matthew RC Church" |
| The National Lottery Heritage Fund | 21/04/2005 | £25k | "OLPS Organ restoration and education programme" |
| The National Lottery Heritage Fund | 06/06/2001 | £165k | "St Anthony's Church, Liverpool" |
| The National Lottery Heritage Fund | 12/04/1999 | £729k | "St Francis Xavier, Everton, Liverpool, Merseyside" |