Report of Ébe Trustees and FIDincial Ststements for the Year Ended 31 December 2024 for RC DIOCESE OF MOTHERWELL Ch4rity Number: SC011041
RC DIOCESE OF MOTHERWELL Report and Fin2D¢i&l Ststemellts For the yeAr ended 31 December 2024 Index P&£¢ Reference and admittistrativc detsils R¢port of the Trustees Report of the Independt Auditors Statem¢nt of Financial Activiti¢s Balance Sheet 12 Statement of Cash Flows 13 Notes to the Financial Statements 14
RC DIOCESE OF MOTEt£RII'ELL Reference and #dminlstrative detsils FDr the yeAr ended 31 December 2024 N8rn¢ of ChAritI' RC Diocese of.Motherwell R¢gisl¢r¢d th&rity Number SCOI 1041 {Scotland) Principal Office Dipcesan Couraington Road loiherwell MLI IPP Tnlstees Principal Banke Bank of Scodand The Qu&dT3nt hlain Street Coathridge Solicitor -NIcSpaLTan.1ccorniiCk Ilal¢rLoo Chambers 19 Waterloo S"tr¢ei Giasgoi G2 6AH Audiior5 WD.11 Associate6 Registered Auditorq Cljartcred Accountants Oakficld House 378 Brandon Street lothcr¥i'ell MLI IXA Wcbsitc Page I
RC DIOCESE OF MOTHERWELL Repo.rt of the TnAsI¢¢s For the year ended 31 Deeember 20?4 Th¢ Trust of the RC Diocese of NIoÉberwell present their rcport togetherwith th¢ Trinanci Stafrm¢nts of the RC Diocese of Motherw'ell for the vear ended 31 DeceTnber 2024. Trustees The Tm8tee& are the Biihop by right of the Office, the Vicar Genernl of Iloth¢rwell and Ihe DioG¢san Trwurw who ar¢ frc¢l}' 8ppoÉnted to these Office8 by this Bishop aud becon¢ TnE0c bv bolder of the¢ Offices. At th¢ 31st December 2024 the Truswes accordillgly as follows: Trustees bold In¢Ctin on a rvgular b45iS to conduct the operniions of the Gharity and othe.r polici¢5. Thc Diocese has ongoing policy for training Truste¢s aDd ar¢ k¢pt lL ifLfomed of legisIatiN'e changcs whiLh atTe¢l lh¢ Charily, e of the Firtane Statements The fUncl#l gtatements inc.lude tbc sets, liabilities and transactions of the following: RC Dldcgtsé ofMothen&EII Curiol FundF Curial F'unds ed to support the Bishop in proyidillg diocesatt sernice3 £ndpastoral care and to meet the costs 0[¢¢ntr administration. P&r(>chtsl The Parochial Funds are adminl8Éed by the parlsh priesrs. iirith guidallc¥ from the Curial Office, at)d ar¢ used to ca]ry out ih6 work of th¢ Church '1[bIll local area8 aDd to h¢lp fund the Curial Offi¢¢. struetsve cVerance Man ement Cjoyerning document The RC DiocwS¢ of Mothenvell is constituted by its Ded of DcclaTaliott of'fru5L Th¢ Trnstee& named on p4gc one hav¥ s¢d thughoUt IIL¢ year or sitLce date of 8PPOilltmellt. Appointment olThiste¢s is governcd bv th¢ l¢rnis of the Deed of DcLlardtion of Trust. The TTUStees m¢ct at la six timcs pcr ycar. Org&nislttlonal Structure The organisalional slruciure of the Diocege is h¢aded bvthe Bisbop of _MothcT'cII in 8cc¥>rdanee the law of the Church - Canon IAW. 'Ibe &dministrdiiYe and P&itorai structsues of th¢ DIorts are describ in the cod¢ of Canon Law and the books of Dio¢esan Strncllwes. The fity nine parishcs (cxcludillg Mass oentrts ond rcligious houies) are established and op¢r&lc under the Code of C&non Law (the LBW of th¢ chu) which confers on them gepaiatc canouical 8tatU5, riLS and obligallons. Page 2
RC DIOCESE OF MOTHERIVELL Report of the Trustees For the year ellded 31 December 2024 Management Th¢ Bishop ha5 overall Tespollsibility for the managen)¢nt of the Diocese. Th¢ Bishop is SUPPOttcd in bis tagk of governance by the Diocesan Curla. The Diocesan Curia ullder the modeT&tioll of the Vicar Gcneral athninisters the d?y- to-day affairs of the ¢harity frotn th¢ regi5ter¢d office. The Curia ts mad¢ up of both cl¢ri¢al and lay staff. Diocesan policies ar¢ Pul in place in eonsultatioTh with a number of cortimittees. Canon IAW mandates a Dioc¢sall Fin&nce Committee OnsI8hg of people 8killcd in the fldministration of gooL%, both lay and Clerical. Tbe Finance Committee and the Fabric and Planning Cojjllnittee meet s¢ven ttm¢s each year and report on activities of the Diocese tbese ore diseusscd and advice is givell to the Bishop and th¢ Trustees concerning their decisions, The C4)Ilege of Consu]tors is consulted on Matt¢ of major administrdtive Signifithce. Key mAnagemeDt personnel remunerad&ll Tbe trnste¢s ctsnsider the board.of trus¢$ as comwising th¢ key tnanag¢metstpetsonll¢l of the ¢hartty in c])arge of directing and controlling the charity and runniug and operating the clwity on a day to day basi&. All truste¢s give of their time freely and no tntstee received remuneration. D¢tatls of trte¢ expenses are disclos¢d in note 9 to the fin2ncial statements. Ob ecdves and Actlvlt Objectives The objectives of the RC Diocese of Motberwelt are defitted ID the Iked of Declaration of Thjst and include'.- the advancement of Roman Catholi¢ religton" th¢ advallcement of educatioll. the relief of poverty, the cure or alleviation of sickness and disease. Th¢ policy of the Trustees is to 8cek financc and support to assist its work towards achieving those objectives within the Diocese. A¢tlYlties Th= Dio¢e$e ¢ontinu¢d to support the parisbes of the Diocese in their promotion of the advan¢¢ment of religion and ¢du¢ation and their work towards the relief of poverty and the atleviation of iltll¢ss within tb¢ Diocese. The public b¢nBfit provided by the Charity include% the provision of religiou5 ceremonies (such &$ baptism5, weddings and funerals), cel¢brating public Mass¢s, and proding and maillthining pl&¢¢s of worship. There is aLso a benefit to th¢ gen¢ral publi¢ &% ¢hurches can be accessed by people of all faiths and Jone, for persoAMi spiritud ¢outemplation. Parishe8 are communities which wntribut¢ to the mora] and spiritual wcllbeing of those who participate. From these ccntre5 educational, socTLI and pastoral work i8 carried out as a practicat expression of faith. All of these conthbute to the wellbeillg of ciTric society in our county. Volullt¢ers Special mention should be made of thc consider&ble number of volunteets who participate in all aspects of the work of the Diocesan Tn1 as they seek lo live out their Christian vocation. Without their active participation our Parish¢s, in particular, wou]d not fun¢iion. The Dioc¢s8ll Trustees, Parish clergy and our employees are most grateful to our volunt¢ers for giving the Church and the wtrrld so mucb titne and effort. A typical Parish has b¢tween IOU/0 and 20D/o of its Parishioners aciively helping in all manner olvoluntsry role5 from altsr servers tD financial accountallts. P&rishes do not only look inwardly to th¢ir needs. Many Parish volunteers give belp to the sick, elderly, homeles5 an disadvantaged ill their local area4 and fijrther afiel& thri>ugh their Parish orgaThisations. Page 3
RC DIOCESE OF MOTHERWELL
Rep"Drt of the Tru$tee$
For the year ended 31 Decexllber 2024
S#feguardthg
Att UaL Diocesats and Parish audit, reTri¢wed by the ScOttish.CathoJi¢ Safeguarding Service (SCSS) and th¢
Ind¢pcnd¢nt Review Group (IRG), is analys¢d alld a report on 4trengthi and weaknesses is fed back to the Diottese. All
Cp¢tholic Organisatiotts, including the Dio¢e8an IA)urdes Pi]grtmage, sPRD and Alm4 operatinE within the Diocesan
boundari¢s, cthmplies with EN GOD'S IMAGE, the Safe RecnTitrDent Process, alld is audited each year. The Dio¢e$e
lths an established safeguarding structttre and govefllanee with rhe Dioccsarn SafeguArding Adiqsory Group weeting
quarterly tr) aid the Bishop. The Diocegan Risk Assw5s1llent Team meets as and when require producing risk
ssessments and recomttcftdations w'ith support from stawtory partllers. The Safe Re¢n]itment Process is overseen
¢¢ntrally at tht Diocegan Centr¢, with the Safewing Admintstrator as the link for P1th Safttguardth(r Coordinators.
The Saf¢guarding Adviser continues to attend national m¢¢tinss and supports the national office in n)any way8.
iAI Review
The TteeS are responsible for the Contents oEthe financial ststetDents. which are prepared by the Diocese and audited
by WDM A150cial28.
The Parish account5 hav¢ been itselLed in the Diocesan fJDADcial Statements to reflect the ovmll finaTrciAI POSAtitir( of
the Dioces¢, as required by charity aecountiig legislatioL
Fln*neial
The TnLStecs r¢port Ft SULyIu8 of £301.740 on totsl Curial fimds for the year {2023'. surplus £1,108.597) and a d¢fi¢it of
£172.572 on Paroehi&l knds for the year (2023: d¢fi¢it £298,642). Curial nct curt¢nt assets w.er¥ £4.760.499 at 31
December 2024 (2023.. £5,242,531) alld Parodiial llet turTent assets were £10.752.085 (2023: £11.127.564).
Parochial reseThes total £22,309,232 at 310ecethber 2024 (2023.. £22,481,804) whi¢h relate solely to the assets and
transacttons of individual parishes. Curial r&seThes total £9,498,729 at 31 De¢emb¢r 2024 (2023.. £9,196,98YI.
Dio¢esan in¢ome inelLLding the levy and sptr¢i¥l collection transfers from the p&sheS N'ag £2,207,716 in the year12023 .
£2,394,122) comOar¢d to expenditljre of £2,113,766 (2023 J £1,596,745). Mueh of the incr&w in expellditsve is
attributable to inLr¢as¢d salary and prop¢ty Costs.
Curial income has been Sufficient this year to theet the obligations faced by the Diocese itL r¢lation lo reiared yriests,
edueation of s¢minarians and the administrative costs of thÈ Dko" cesan Offi¢¢.
Paroehig41 incom¢ has increaged £730,677. Of this £526,134 is a legdcy received by St Columbkille8 parish. There was
an in¢r¢ase iti colle¢tsons of £44,128 whi¢b is Ic5s thAn l /0. S'pecial collections have d¢¢reed £30,080 and otheT
dornalions fiwdrai8itt£ have InCred £108.759. Hall incom¢ ]Hs in¢r¢ased £73,973 from ?023.
rtsperty costs for both the Curial offi¢e and parishes have increased £1,596. 115 from 20?3. Of this £307,868 wag att
increase in ¢nergy costs wbich was thticipated and £7£3,167 due to necessary repairs and refurbishment works.
Major r¢nov2tioris took p12ee at Sacred Hcart in Bel]shill. Si Cutliburt's, Burnbank and St Paul's, Hkmiltott were clL)sed
and demolishèd in 2024 8s they were surplu$ to require]nent and both iu 14 poor 5t&te of repair. Both sites are in the
pro¢es& oÈb¢ing sold fot Social housing and the sales should setde in July 2025. St Mary'8, [alk has surplus
and i.q exblnrin
RC DIOCESE OF fvIOTHERWELL Report of tbe Trustees For the year ended 31 Deeember 2024 Flnancl41 (continued) Surplusl(Deficitl on Curial Funds The maiii source of in¢om¢ for the Diocese is from the parishes through an attnual levy and Special Collections for particular pury)oses. In the year wider review, £1,476,103 (2023.. £1,393,798) was rais¢d in levy and a rther £301,465 (2023.. £295,975) was contributed through Speeta] Collections. As the levy and Special Collections are intra the charity, i.e. beLween the Diocese 3Jid the parishes. they are Iluded in th¢ "Transfers betwew Funds" lin¢ of the Statement of Financial Activities, Th¢ Curial unrestricted fllnd has a 81irplus at 31 Decembcr 2024 of £2.443,736 an increase from 2023 of £178,923. Of this £227,466 is attributable to unrealised gains oll investments in the year. iti 2023 unre&lis¢d gains were £252,235. In order to maintsin the fman¢ial security of the Diocese for the futyre, it is essential that expendityre is continUlY monitored and controlled. However to meet these ribillg costs of our commitments. the level of ¢OlltributiorLS from all sour¢¢s including patishes Thill also have to b¢ continually reviewed and incteaged. Our 10 year plall, Project W¢llspring. will &8sisl us with this. Going concern Th¢ Trustc¢s regard the ture optration of the Dio¢¢s¢ as a going concern. Casb held in bank accounts is £6.97 million and the investment portfolio totalled £12.1 million at 31 December 2024. Costs are constantly mot]itored and incom¢ 8tre2ms continue to b¢ r¢vi¢wed, Income is now approaching a r¢kn to prepalld¢mic levels atthough there h&9 not been a corresponding increase in Mass att¢ndan¢¢8. Th¢ largest ¢08t to the Diocese L$ 2 whole continues to be the upkeep ofthe Diocesan properties. The Trustees bave resolved to ensure repairs will be considered Tr¢ry carefully and assessed based on th¢ nccd for the nwnb¢r of churche8/properties currently held and fdIllg sourcei available. Residential propetties which becom¢ surplus to requir¢m¢nts will be sold at the earliest opportuuity. Revalualfion of property Hcritable a$$¢l$ Ahclude diocesan properties. parnchial presbyt¢rics and other parochial properties and sites and valu¢d by professional externaL adviscrs cv¢ry five years. Ollly DOn-adjoin¢d pwochial propcrties, excluding Churches, i.e, parish halls, pr¢sbyt¢ries and other parochial properties not physically Joill to each other or to the chur¢h are valued. Inalienable and bistoric a55ets haye not been capitalised as no reliable value catt bc attributed to them. Our insurers, Catholic NationAt MutuaL itLstrncted Fisher G¢rnJa Chartered Surveyors, to do a valuation ¢xer¢ise on all insured property. These hav¢ ntsw been conwlet¢d to provide a more a¢cutate reinstat¢m¢nt Cost of prop¢rty. Investment policy alld performmllce The Trustees have power to Invest in such stocks, shares. inv8gttnents 2nd propety as th¢y see fit. It is the Tstee5, policy to inv¢st in the Stock Market to obtain & balanced rern c.ombining capital and in¢ome growtb to PTOtect the real value of both capital and in¢om¢. These investments will seek to achieve this by investing in a range of assets suitable for the investment of charitable mollie4 which will tak¢ account of ow ethical requirements. The TrLLStees wrll not invest Ill anything that is contrary to the mor21 and ethica] te&chings of the Catholic Church. Investment policy and perfoTmaD¢e (¢ontlllued} Tbe invegtsnents of the Diocesc includ¢ 8 44.140/0 share (2023.. 43.99ts<10) iu the Nalion&l Cootingency Fund amountiug to £11,807,044 at the end of the fman¢iAI year (2023.. £11,406.658). This fund is managed on an advisory b&sis by ind¢pendent professional investm¢nt Jmallagers and stockbrokers on behatf of the Bishop's Conference of Scoil&ttd. The Diocese also holds unlisted investsnents of £4.000 {2023.. £4,000) whicb ATe stated at ¢05t. Page 5
RC DIOCESE OF MOTHERWELL Report of the Tru5tee5 For the year ended 31 December 2024 The valuation of the vwious portfolios at 31 De¢ember 2024 produced an increase of £498.121 (2023.. illcre25¢ £518,940). The National Contingency Fund. which is n)a)]aged by the Bisbops, Conference of Scotland oll behaif of three of the Scottish dio¢es¢8, was responsible for most of the decrease. Dui'ing the year ulld¢r teview £243,400 was received a5 dividelld from the Nrational Contingen¢y Fund12023 £266,800). The ¢08ts of caring for our sick and retired clergy in the yw w&s £175,321 (2023 - £176,986)- The surplus of'£68,079 will be used for tUre expense. The Trustees h&ve established an Ioyestrttent Committee with the purwse of advising them on the perfornian¢e of th¢ inv¢stments that the Diocese have knd ensuring tbat our invtstmertt brokers are perforniing well. The cotnmitt¢¢ includes the Dioc¢san Treasurer, the Fin&ttce mageT and peopl¢ with relevaAt knowledge arLd experience in the investn*nt field. Resèrves policy Tb¢ intslltion (Jf the Tntee8 ts to build up genernl reserves to an equivalent of 6 thonths expendibjre Ot unre$tri¢ted futtd$ not d¢8ign2ted for other'purposes. This would provide sufficient fimds to corAtitsue th¢ currnt tiVI(JeS of th¢ Dio¢¢se in the ev¢tst of a significant drop in income. At 31 December 2024 the balartce of general was in sutplus by £2,443.736. However much of this due to the prior unr¢alised gains on investments. The TThtee$ tontinue to.th st¢ps by preparing budgets for 2024 and 2025 to 8crulinise and furtbcr r¢du¢e costs througbout the Diocese. During the year we continu¢d to invest in maintsining the fabn"c of our 70 ¢lLurehes and piSh houses. At 31st December 2024. there were 57 parishes in the DI0¢¢, as a result of amitgatttations which havc tak¢n place Dver the 1&8t 4 years. Th¢ Bishopy assisted by his advisors, cojktinues to look at how the lle¢ds of parishioncrs arc b¢kllg met. TAking into consideration the ¢ondition of the fabric of bllildirÈgs, the financiai security of thÈ parish and the nuniber of reguL&r attenders, difficult decisions may tteed to be m&de about the iqability of Churches or the need to aTnalgamat¢ P&rish¢s. Thc decisioh was takcn by the Trnstees to close one ¢hur¢h as the nec¢ssaty repaiTS were t(MTr costly. RSsk Mana ement Whilst risk man8g¢theAt can limtt ris( it does not eliminate risL The Trustees hav¢ aSSeed the major risks to which the charity is ¢xptss¢d, in particular thos¢ related to the operation and finances of the chlty and arc satisfied tbat the syst¢ms in plac¢ to ndtigth exposure to these risks are operating effectively. The 1'nteés are aWe of th¢ n¢¢d to Teview, upd&tr And and docuthent Policies, pedureS and guidance to ertable the effieient and effective govern¢ of the Diocese. The Trustees have establisbcd a folder wbich colltaiiis all r¢levant poli¢ies and proeedure8 and wbi¢b are kept under review. Futu e Platy.s an Develo en The Diocese continues to promot¢ the Gokpel of ChFts¢ in accordance with the t¢a¢hings of the Catholi¢ Church, 8nd to can out tFAe mission of the Churcb throughout the Di0¢¢ of MotherwelL This will be ¢2rried out through th¢ COntintIon of curfent &¢tivities and the develotsment of ftuthtr plans to ¢nable the work of the Chureh to be futfilled. Th¢ Trustees ahd their advisors contttLve to monitor the fth2nolal Position of th¢ Diocese to ensure that the stewardshi of resource8 and the availability of fimds to meet couLittents is managed for the IonE temi welfare of the Dlocege. Ivhilst th? Diocese has a large capi] rcquiterriefit over thè next Lew years. capital èxpenditure will Continue té be limited for all projeers ex¢¢Pt ¢sg¢ntiaE maiRteuanee ind héalth athd safety projects in line woth our ten y¢ar plan. Pag¢ 6
RC DIOCEI SE OF MOTHYRWELL
Report of the Trustets
4or the lear ended 31 December 20?4
Pro
ect Trells
Project Wcllsprints, a piogan8 wirli significAQI focu5 on th¢ pastoral actiFiti¢s of pariEhes, conttnac$ to oporal¢ in
th¢ Dioccs'¥. It b-ett tailored to meet the of individual parishes. It has b not¢d that ther has been s gli8&t
incre8se in the llumbcr of tbosc attcJdillg M&55 on a regular bls.
Nationa
fr015 Sin
Pr
rArnme
Th= DLQCES¢ Ot L lotheN'eti ¢ontÈULkes to rec¢1¢ ftTnding from the Hamish Ogst(m Found&tion tor 14,bich w¢ aro Most
gTUtefiti. 'fhc p-.ogramme ha8 been a gre&i.wcces8 Trlth sei¢n pritn3Tr schools participating. Fe&thack ftpm tho 6choo15
lias b¢cn vcry positive. The chil(tren not only gain trL biDgtng ability but also in confiden¢o.'
ttstement t'l'ruyteesl R
05ibilitles
The Tnist¢es arg resp0ft5ible for prcwiug th¢ RTOrt of the Trllstr the fanCial Statemellts ill uorégnct widi
applicable la 4nd Ullited Kiti¥doJn Generally.4cceptcd Accounting Praaice. Thelop appIicabl¢ charities in
S¢otlan4 the Charities and T[tee Jnv#tm¢nt (Scotland! Aa 200f the Clwilie) Accounts {S¢otl8nd) Ilcgulation
2006 (a5 amended) reuuirei the Trustees to prepare finattcial sralcm.ntr for each finnncial vear w,kn-h give alrne and
fairview of thc state o!ai7airs of thc Diocese and of ¢ itwn)ing T¢50urces 80d application of r¢source8, iticluding Ihc
income und exp¢nditure. Of+F Diocese of that peTiOd.
Tnpr¢puing th¢ financial ststerrtents the Tnxst¢¢s are tequir¢d to..
sel¢¢t 5uitsblc 2Lcouutiug policies and thets applv them consi5tenty,
observe the methots alld pruciple> in the ChariTV SOIiP.
make judgements and estimateg that rcasonablc and pmdenL
stat¢ Th.hether applicable 8ccouTrtin¥ standards baNe b¢en follow Subje b any mutsrial departurc5
And explained in the financiaI statemenLS',
prcpar¢ financial gtatements on thc going con¢em basis unless rhere are indilonS to the contrary.
Th¢ Tmstecs arc responsible for keeping proper accounting recA)r(Ls which disc105c reasonabl¢ accuraLy al an}
lime the financial position ot'thc cb8riTV and to ettable them to ¢nsui¢ that the fjDancial 5tstsDtrnts cornply with the
Charities and Tniblee bv
Report or the Independent Auditors to the Trusteeq ofthe RC Dloeese of Motherwell Opinlon We have audited the financial stst¢ments of the RC Di0¢ of Moihenyell for Ihe year eaded 31 December 2024 which ¢ompri5e the Siaterll¢ni of Finaucial AGtiViti¢s, thE Bal&nc¢ Sh¢ei th¢ Cash Flow statellnI and notes Ihe to the fillancial stateinents. including a sununary of significallt ac¢ountiug policies. The financial reporting framework that has been &pplied in their pParatioll is applicable chartty law Alld United Kingdom Accounting Stsndards (United Kingdom G¢nerally Accepted Accounting Practice). In our opinion the fmancial statemeDts: give a true alld fair vi¢w of the stat¢ of the chariry's affairs as at 31 D¢c¢mber 2024 and of its incoming te50urces and &pplicatioD of rasources for the year then ended: have be¢n Properly prepared in accordance with LFnittd Kingdom Generdlly Acceptsd Accounling Practice. nd have b¢en prepared in accordanc¢ with th¢ rwur¢m¢nts of th¢ Clwities and Trustee rnveyttllt {SGotl8lld) Act 2005 and regulation 8 of the ChArities Accounts (Scotland) Regulations 2006. BASIS for oplDIoll We conducted our audit in accordance with International Standard5 on Auditing IUK) (ISA5 IUK}) ¥4nd applicable law. Our responsibilities under ihose standards are fjthher described in the.4uditors' Sponsibl1[tieS for the audit of tbe fillanci statements section (>f tsur report. W¢ are independent of the charity in a¢cordance with the ethical requirements that are relevant to our audit of the fioan¢i81 ststements in the UK, including the FRC'S Ethical Standard, and w¢ have fulfulled our other ethi¢al resp)nsibilities ia accordance with these requirements. We believe tbat the audlt evidence we havc obtained is sufficient and appropriate to provide a basis for our opinion. Coll¢lu$lons relatlng to going con¢erD tn auditing the financial statements, we have Concluded that th¢ tsuste¢s' us¢ of the soing con¢¢rn basis of aG¢ountillg in Ib¢ ptq)aration of the financial statements is appropriate. Bas¢d oll th¢ work we have perfomied, we hav¢ not identified any matrrial uncertainties relating to events or conditions that tndividually or collectively, may casi Significant doubt on the chan'tyHs ability to ¢ontinue &s a going concerll for a p¢riod of at least twelve molltbs froln when the financial statem¢llts ar¢ authorised for issue. Our rcsponsibiliti¢s and th¢ responsibilities of the tnL8t¢es with r¢sp¢¢t lo going ¢on¢ern are described in the rolevant section$ of this report. other Information The tmst¢es ar¢ r¢spDnsible for the other infornution. The other information comprises the iDforniation in¢lud¢d tn the &])nual reporL other than the financial statements alld our Report of the Indepelldeni Auditors theieott. Our opinion Oll the fir.ancial statements does llot cover the other inf0T[ttiOll and, except ¢0 the extent otherwise expli¢itly Stated in OUT report. we do not express any lorni of assurdnce cottclusion theIeon. In Collnection with our iudit of the financial statements. our respollsibiIity is to read the other inforniatioll and. in doing so, ¢onsid¢r whether the other inforn]ation is teriallY iD¢ODSiSt¢llt with the firnci&l ststements or our knowledge obtained in the audit or oth¢rwise appears to be materially misststed. If we identify such material inconsistellcies or apparent mat¢rial miiStatement8, w¢ ar¢ required to d¢miine wheth¢r this giv¢s rise to a n]&teri&l misslatemenl in the fiThan¢ial statements tbeYnselv&%. If, based on the WOTk we hav¢ p¢rfomied, w¢ conclude that there is a material misstatemellt of this other informatioffj w¢ ar¢ required to rwrt fact. We have nothing lo report in this regard. Matters OD whlcb we are requlred to Teport by ex¢epdo We have nothing to report ill resp¢ct of the following Tnatiers wh¢rr th¢ cTrlties Accounts (Scotland) Regulations 20¢16 {as amcnd¢d) requires us to rcport to you if, in our opiniou.. the inforn]&tion giTren in thc Report of the TDJsttts is inconsistent in any material respect Trith the finattcial stat¢m¢nts ,' or proper accounting r¢¢ords have not been kept. or the finallcial statem-nts Ar¢ not in agreem¢tLt with the accounting rccords 2nd returns,. or we havB not r¢c¢ived all Ihc illforniatioD and explanations we requirc for our kudit. Page 8
Report of the Independent Auditors to the Trustees Of the RC Diocese of Motherwell Responslbilitles of trustees As explained more fully ill the Ststement of Trustees. R¢spollsibilities, the Irustses arc responsibl¢ for tbe pr¢paration of th¢ financial statements and for b¢ing satfftsFied that they g]vc & tru¢ and fair vicw, Ind for sucb illtmial control as the trustees detennine is necessary to enable th¢ PT¢paration of fiThaThcial stsiemcnts thai at¢ free from material misst&temenL whether (Lue lo fraud or error. En preparing the finallcial ststements. the trustee8 are respollsible for assessing the cEwitYs ability to contitLue as a going conc¢rfy disclosing, as Applicable, matters related to going concern klld using the going Concern basis of a¢¢ounting unles5 the tNstee8 either intelld to liquidate the chority or to cease operntions, or have no r¢alisti¢ altemative but to do 80. Our Te5pon$lblllties for the tudll of th¢ statsments Wc have been appointed as audiiors ulldwr Section 44(IXc) of the Charities and Trustee Investment (Scotland) Act 2005 2nd report in accordaDce with the A¢t and relevant regu]oti07ts made or having eff¢¢t thereunder. Our obj¢¢tives arc to obtain reasonable &SSLfdnce about whether tbe financial statements as a wbole are free from material misstatejnent, whether due to fraud or ¢rroT and to issue a Rcport of the IDdependell¢ Auditors tb&t in¢lud&g our opinion. Rea80nable assurance is a bigh level of assur8nce. but it is not a guarantee that an audit ¢ot]ducted in ac¢ordan¢e with ISAS (UK) will always detect a Matrial misstatement w'hell it exists. Misstatements can arise from fraud or error and ure considered t¢rI&l if, illdividually or in th¢ ag£grete. they could r¢&qonably be expected to influence the econoti)ic decisions of users taken on the basi8 of these fiuan¢ial ststem¢nts. Th¢ ¢xtent to which our proc¢dures &re capable of detecting irr¢gu]ariti¢s. iJTr¢luding frau4 is detailed below,. We obtain and update understanditig of the elltity, its activities. its cootrol environment, and likely filthre developments, including in relation to the legal aud regulatory framework applicable and how the entity is ¢omplytllg with that fcameivork. Based on this understanding, V*e identify and assess tbe ri>ks of material misstatenkent of the financial gtatements. whethcr due lo fraud or error, design and perfomi audit pro¢edur¢s r¢5ponsii'¢ to those risks, and obtain audit eviden tbat is sufficicnt and appropriate to provide a basis for our OPiDiOll. This includ¢s Consideration of the risk of acts by the entity that were contrAry to applicable laws and relatiOnS including fr8u(L In rc8ponse to the risk of irregularities and non-compliance with taws and regulations, includtng frau& w¢ desigllod procedures whi¢h included.. Enquiry of managemeot and thos¢ ¢harg¢d with govcrnaDCC arowid actual and potential litigation and claim5 as well as actual, suspected and alleged fraud. Ass¢ssing thc extent of compliance with the laws and regul&tioDS COldered to have & direct matertal eff¢ct on the financial statements of the op¢ration8 of the entity througb ¢nquiry and inspection. Reviewillg financial statement disclosures and testing to supporting documentation to assess compliullce with applicable laws and regulations" Perforniing audit work over the risk of ll]aDagem¢nt bi&s and override of controls. itt¢luding testing of journal entries and other adjustments for appropriatcnegs, evaluatittg tbe businesi rational¢ of significallt transactions outsidc the normal course of busin¢ss and reviewing a¢¢ounting estimat¢s for Indicarg of potential bias. Because of the ]nhertt liwitations of an audit, there is a risk that we will llol detect all iegUlaltit8, it]cluding thos¢ leading to a material mi5St&t¢m¢nt in tbe firtanci ststem¢llts or DonOInplIan¢e with gUlatiOn.ThIS risk increases th more that c()mpliance with a law or regulation 15 removed from the events and transactions reflected in the financial Statemenrs, as we will be less likcly to become &we of iDstanc¢s of non-¢ompliance. The risk of not d¢t¢¢ting a material missts£tr ment r¢sulting from fr4ud is higher thaTh for one Nulttng from error. as fraud may involve wllusion, forgery, intentional oni58ions. misrepreselltatioD5. OT the ovetridc of Internal control. A fiuther description of our responsibi]itie5 for th¢ audit of the faDelaI statements is located oll the Finaticial Reporting Council's website at www.frc.org.uklauditorsresponsibilities. This des¢riptioll forms part of our Report of tbe Ind¢p¢lldent Audttors. Page 9
Report of the Independent Auditors to the Trustee5 of tbe RC Diocese of Motherwell Use of our report Tliis report is fftÈe solely to the ¢haritys tntee5, as a body, in accord¢¢ with se¢tion 44 {1)(¢) of the Charities and Trust¢¢ lrtve8tmellt (Scotland) Act 20J5 and regulatiOD I O of the Charities ACllnts (Scotland) Regulatioiis 2006. Our audit work has been undertakell so thit we might srate to th¢ charitys trustees those matters we are required to stste to them in an audiiots, r¢port and for no other purposc. To the fijllest extelltperthit*AI by law, we do not accept or assumc r¢$ponsibility to anyone other t1 thc chArity and elwiry's trUSe5 as a bodi. for our audit worL for this repoty or for the opinions we have fomied. WDM A880¢iat¢s (Statutory Auditots) Chartered Aecountsllts Eligible to a¢t as an auditor IEL tern of sectiott 1212 of the Conwallies Act 2006 Oakfield House 378 Br&rydon Street Mothenvell MLI IXA Dat¢.. 8th July 2025 Pag¢ 10
RC DIOCESE OF MOTHERWELL StAtement of FlnaD¢iil ActlvEdes Frfftr the y¢ar ended 31 Decpmber 2Q24 Curial - Paro¢hial Total Tot Fund4 Fyrtd8 311I2J2024 3111212023 Unrf¥lTh¢ted DeS]ty1 Re5trict&l Fu]L Total R#striGtrd DonalioD¥ 8Dd leg4oi¥ Oth¢r tsaduw activitie3 Invc5ttty OÈh 59,475 20,1(K> 7.914,945 ,635,465 241,844 20,023 7,994,520 1.835,465 579,314 33,138 7.752,587 1.644,631 537,895 50,836 93.932 13.115 Z43,400 138 337.470 Trt¥l Ineome 165522 243,400 20.238 0.012.777 10,44 ,437 ,985,949 ptrndithre OD.. kaisiD8 lld$ C]Jaritable actiiqlics 789268 &823.198 789.268 lQ,936,964 661.024 9,033,910 2.075,078 38.688 2.1 13.766 TotAI espenditllrc 2.075.078 38.688 2,113,766 9.612,466 11,726, 32 9.694,934 NettllcllimeJltxpeNdliurol net movemellt In fuDds before gAkns and IDtrses on Inv¢5tments (1.908,556) 243.41K> (18.450) 11.683.606} 399,811 11283,795) 291,015 Nel gaittsllloysesl on lllveJty%llts 12 227.466 270.655 498.]21 491.121 511940 Net Ikt¥MelexpoDdhure 11.681090 514,0<5 118.450 l L8¥,48 399.811 785 674 809,955 Tr&nsfer$ b¢ttveen Irt Levyan¢ Sp¥fjial CoutIl Othcr trdTLsfer8 18 1.777,566 1.777.566 75JIO {243.4CMII (122251} 1290J411 11,777,566) 290.341 1.852.876 (243,400 122,251 1,487.225 1.4872251 Otli¢r re¢ognlsed gRltslOoysts1 GaiD51{10548} on Tev41uatiots of ftxed ossets 914.842 914,842 Ntl movtmellt in funds 171,786 27Q.655 {140.701) JOl.740 1172.572) 129.168 809,955 Roconclll4lloll of Futyls Total FEd& brought forward 2,614,406 5.941.897 641J.686 9.196.989 22.481.804 3L,678.793 30,868,838 TTrtRI Funds CArrled ftsrnjrd 2.786.192 6312,£52 499.985 9,498,729 22J99.932 1.807,961 31678,793 The Jth fOPart of thw£ fiaauciai 5t41rnts Pag¢ll
RC DIDCK5E OF fvIO'I'Hll.ELL BÈlpn¢e Ksheet As at JI December 2024 Curtal PaTrchi Total 31:'IIQ024 31112,.2024 31.'1212024 Totsl 311121L023 Plied H$$ets Tangible assets Jnvestsnents 1.776,3 14 11,557.147 13,333,521 12,Oi6,858 12,056,858 1.1.833,232 11.557 147 25 390 379 13,149,371 11,540,244 24,699,615 CurrEuI assets Debtors Short tettn depoaits Cash at bank and in band 13 3,668.298 P.10&.6 10 12.774,968 13,198,453 35,167 7,147,381 20 381001 I JIy7 263 5,668,234 4 975 561 14 7 r4.904 19.750.465 6.975,497 Li4biliiles Credltor5 fallillg duc Mlthln one year l4 215.062 4.02? 819 4.237,88 1 4,DIO,906 Net cmrrent wet 4 760,499 10.742,085 15,512, j84 16.370,095 Totsl assets le&5 curreDI liAbiJities 18.593.7) l 22,309,232 40,902,963 41.069.110 Llabtlities Am0ts faltiNg due y4fteT more thxll year (9,070.002) (9.070,002) 19.365,91 ProvtsloD for Ilabijities charg 16 (25,000) (25.000) (25.OOD) Net as&cti 9.498,729 2fj 309 ?3* 31.807,961 31678.ry93 Th¢ funds of the ¢h&rity Uttrestricted fiJn(Ls Rel.1 lualloll resern'e De%ignated ftmd5 Rtrstricted funds 17 17 17 17 2.443 736 2.443,736 342.4f6 342,456 6,214 j52 6,212,452 499.985 22:309,?3? 2ty 809.217 2 •64,813 349,593 5,941,1197 23,122,490 9,498 729 22:309.2i2 31.80 1.961 31678,;93 proi'c.:l F,.. tl ie Tructeto oll Yu'.1. ?(r. ! The note8 forn1 part of fjnaneial st&ten]ents Paoe 12
RC DIOCESE OF MOTHERWELL Statewent of Cash Flows For the year ended 31 December 2024 Note 3111212024 3111212023 Net Cash used In op¢rAting actlvltles Reconoiliation of n¢t incom¢lespenditUT¢ to net cash flow from op¢rating activities 21 Net movem¢nt in fimds Adjustments for.. lllterest received DivideDds received Rent I'elved Depreciation charges Gain oll disposal of assets Nel (gains)Ilosses on investDi¢nts Decreas&'(in¢rease) in debtors {D¢crease)/increase in cr¢dit( (785.674) 8Q9,955 (194.165) (136,624) (261.893) (281,688) (E23,246) {119,583) 264,245 271,746 (?18,757) 140,000 (498,121) (518,940) 423.485 201,638 (68.940) (458,866) Net c4sh used in operating 8ctivities 3,076 167362 Ca$h flow$ from Investlng Activities 22 Interest received Dividends r¢¢¢ived Rent r¢¢eived P&ymen¢s to a¢quire red asset investsnents Payments to acquire tangible fixed assets Receipts from sales of tangibl¢ fixed ¢ts 194,165 136,624 261,893 281,688 123,256 119,583 (18,493) (14,888) (13.553) (147.762) 708.757 r4et ea$h flows from Inve8tlng aetivides ,256.025 Cknanges in cash 4Dd cash equival¢Dts in the yeAr (207.051) 207.883 Cash and cash equivalents brought forward 7,182,548 6,974,665 Ch and ¢Ash equivalents cJrried forward 23 6.975.497 7,182.548 The notes forn] part of th¢se financial statements Page 13
RC DIOCESE OF MOTHERWELL Notei to the FlnAnclal.St8temertts For the year ended JI December 2024 l Accouutitig Poucles Bas1$ of prepar•tiott The fJnaTh¢id statements hov¢ b¢en prep&ed vuder tbe htsriC cost coav¢lltlo with the exceptioll of sorne h¢rit&ble property and itkvestments wbicb are included at fair vaLue. The financial >tai¢mellts havc beeTL prepared in &Grordance with th¢ Charities SORP (FRS102) ' Ac¢ouThtin8 and Reporting by cknities: Ststem¢nt of Recomrnended Prnctice applic&ble to charities preparng th¢ir acllIts in accordanc¢ with the Financial R¢porEing standard #pplication iu the UK and Repablic of treloLd (FRS 102) (effective l JaDbaTr 2019)., Fin&ncial Reporting Stalld8rd FRS102 "Th¢ Financial Reporting Standard applicable in the LIK aud Republic of Ireland", the Charities and Trustee Investm¢nt (Scotland) Act 2005 and the Cbarities A¢¢ounts (Scotland) R¢glAtiOUS 2(H)6 (as aTll¢ndcd). Th¢ RC Di(Kese of MotherwEII co]tituteS a publi¢ ben¢fit as defined by FRS 102. Going Concern The Trustees bav¢ r¢vitswed tbc Diwese's annual budget aod plans and hav¢ no reaso]J to believe that a m?t¢rial uncertainty ¢xists th&t m&y cast signtficant doubt about the ability of the Diocese of Mothenvell ro continut 2$ a going concErll. The Trustees believ¢ that there are adequate re50wce5 to continue ill op¢ratioD81 extstence for the foreseeable future, being a period of 12 Jnonths after the cate ofwhi¢b the report and finan¢ial ststements are SIed. Thus they ontinue to adopt th¢ goiag ¢oll¢ern basis of ¢0tt8 in preparing the annual fuwci818tst¢m¢nts, ParlBbes Th¢ parishes of the Diocese estÈblisbed and opwate uder the Chureb's Code of C.alloD LAW wbich coufrrn on tbem 8¢par&te canoDical stas. Parishes are now aount for within th¢ finallcial staterlleuts of the Dioccse, but their di8tin¢t canonical Sta expl&iDS the columtw approach t8kn in fin9llCi818tat¢meuts and the cl&ssification of P8rish aets alld liabilities a5 r¢stricted nds. Tbilst the parishes account for income 2nd &yJeDditure on & cash basis, adjustsnents are m&de by tbe Dioce8¢ to incorpor&te accruals alld deferrals prior to inclusioll in the financi 5ts1¢ments of the Di0Se. Tran5&clioDB between parishes and th¢ Diocese 8re aC¢oUTed for trfe[S between funds in the Statement of Financikl Activitie5. These tTAll5aGtions are prillcipally the annu arnount levied to ¢ov¢r centr&l costs and amounts ollected by pwi$hes and pa&s¢d on inthct t(> tbe Dioc¢se for Such purposes as the TNstees periodically nomin&te. Income recognltlon Incon]e is r¢cogllis¢d in the year iu which the ¢baTity is entitl1 to TeceipL it is probable tknt the incorne will be rec¢ived and the amoullt can be mvdsured liablY. The following wific policies Ar¢ appiied to particular categories of ill¢otne.' Offertory illcom4 Speci1 Collection5 4nd donatio8 Offertory illcome, Spccial CollectioDs aTLd donations are credited to the Statement ofFinancial Activities ID tbe year in which th¢y are receiv&bl¢. Donated s¢ryices alld gifts are Includ the valuc to the cbarityTr4thcr¢ this can b¢ quat[fied. The v&lue of 5erYices provided by YoluDteers has not been includ¢d ITh these accounts. Legaci t£gwies ate ¢redited to the Stat¢m¢Dt of Financial Activities once the charity has been advis¢d by the pcr8onal representativ¢ of an cst&te thAt payment wAll be ojRde and th¢ amount Involv can be (pJantifie(L Grants G[lS are credited to the Ststement of Ftjkqncial Activities iti the yeot in which they ¢¢1Yble. Investment Income Dividends and oth¢r itiTr'estmcut income are recognised when Te<¢iY&ble. Ittterest ou fi]nds held on deposit is included when r¢1vable and the amoullt can be mwured reliably by th¢ cljaritv,. this 15 normally upon notification of th iDter¢st paÉd or pa>able by the bank. Di%idends are recognised onc6 the dividend hes been declared and notification r¢¢eived of the divideDd due. This is trn]lY upjn notificaLion by our investsnelll advisor of the dividend sTreld of the investm¢llt portfolios. Expenditure recognltlon Expenditure is ,-ecogniged on an 8ecrll basis as a liability is iorurred. Expendiiute Includ any VAT whi¢b cannot be fully recover¢d and is reported as part of the exp¢ndiÉure to which it relate5. Page 14
RC DIOCESE OF MOTRERWXLL Not¢8 to the Financial St4temellts For the year ended 31 December 2024 l Accounting policios Allocation of support gnd gtsverD*n¢e Support and governance ¢osts r¢latiThg to charitable actiiryties have b¢en allocakd amot)g Diocesatt, National and Parochial acttvities. Goverwice costs 2]locatcd by time spenL Th¢ apportio]]meDt i5 analysed in not¢ 7. Costs of ralsing fund5 Costs of raisiug funds coNi8t of those &ssociatcd with incom ChHritsbl¢ x¢tlvitiEs Charithble activities included expenditure associated mCetr8 the Dioc¢s¢'s PTimEry obitiveS and include both the direct costs alld the support costs retating to those A¢tivitie5. Tanglble llxed Assets Heritable properties are iniually t98D]Sed Nt (y)s¢ aDd 5ub5¢quently Iller at their fair value at the b8Jance 8heel date. Properties are revalued by professio1 extml advi5e7 every 5 ye8TS. Tk 5urplus&s or deficits on revaluation are iyansferred to the relevallt fund to wbt¢h thc &sscts r¢]> namely d¢5i8Darf wtri¢¢ed or unrestricted. Depr¢¢lation D¢preciation is provided at the following aTJllual tates an ord¢r to Write off eacb asset over its cstirnated useful lift.. Heritablc property 2•A straight lille Fwniturc, fittings and equipment 20Yo- 33 /D straigbt line Motor vehicles 25Y• reduciJTrg baIance InYe&tmertts "Listed inveslments are 4 forni of b&sic fiDallcia] rnstnun¢nt and are intiially recogtitsed at th•r traosaction value subsequently measured &t their fair VA1 at th¢ baiance date u8ing tbe elosing quot¢d tnarket price. Tb¢ Stat¢rnenl of Financial Activiti ineltsdes tb¢ n¢t gains aTKI10s5¢5 arising on revaluation diysa]5 througbout the year. The investment in the Catholic NatkODa] EndoFTheni Trust 4 is included on the balanee &k¢t at tbe v8lue of the Dioeese'$ share of the reserves of that itivesthmil &t the balance sheet datc. UnIisted inyesttnents arc included on the balance sheet at cost less imp&irn)enL Debttsn Trade and.otbEr dEbtors are reco8Di8¢d at the settlcnKnt amount due. Prepaymellts valued at the amount prepaid net of anv discounts due. Ca$h at bAnk And hAlld Cash at bank aud casb in hand includes ca3b and 8knrt tern] highly liquid iuvesthjents with a short Marity of thffe months or1&85 from the date of acauisition or ODeniDR of the deDOSit or Si11#r bccowiL Credfitors CrEditors are recogni%ed wheTr the charity has a present oblig&uon re3ulttng from & pjst eyent that Kryll probablyregult itt the traDsfer of fvnds to a third paty and the amount due to settl- the obligatiotL ¢2n be measured or estimdted reli&bly. Creditors are nonn&lly recognised at theTr seulenlent an1]nt after dloThing for any discounts due. Rlis¢d g4SJt$ ind 10$8e$ All gains and I0eS are taken lo tbe Statement of Financial Activities as they krÈsc. Realiscd gdins and losses Dn investments are c&lculated as the di)Trrence between sales proceeds and their opening carytng value or purchase valu¢ of acquired subsequent to the rst day of the fillanciAI year. Lo11$ed gaiDs alld loss¢s are calculated as the differen¢¢ betweeD the fair valu¢ at the ar ¢ud aDd th¢ir wrying Wdlue. Rdi%d and UDrealis¢d inveslment gains and Iosges &re combilled in th¢ Stat¢m¢nt of Finau¢ial A¢tiviti¢s. Pensions Th¢ DI05¢ operates a dEfmed conknEution pension schemc. The assets of the scheme ore held separately frorn those of the Dio¢¢$¢, being invested with insurance conJpanics. P¢Dsion Costs charged in the Ststernents of Finalleial ActjvÈtieg represent the contnl)utions pable by the Di0¢ ID the y¢ar. Page 15
RC DIOCESE OF MOTHERWKLL Notes to the Fittan¢lAI Statement$ For the year ended 31 Decenther 2024 l Aecountlng policies Fund Accountlng Unr¢strl¢ted getter fimd5 are tILose 3vhiehAre avail&ble for use at the discretion of the trustees ia fijrthergnce of th¢ objects of the chaLIty. Designated funds are funds set aside by the TnLStees out of unrestricted fid$ forgpeeific thture purposes orprojects. Restricted funds are fund5 which are to bt used in accord2nee withthe specific restrictions woscd by dottot% or which have been raised by the elwity for glpartitular putpose. Full details of the aTe ill¢luded in note 17 to the fi]Jancial st8tements. 2 Income from don&tloll8 And legacles Curi Curi PatDuhial Restricted L'Drestricted R¢strieted Funds Funds Totsl 2024 2(123 Offerings Gifi Aid Schetne repayments Sp¢¢ial Collections L¢ga¢i¢s Other donations Votiv¢ c&lldles Grwts received 5,058.709 772,748 64928a 547,777 508.130 296,557 81,736 5,058,709 775,140 649,288 547,777 585,313 296,557 81,736 5,014,581 708,122 679.368 378,220 611,896 270,206 90,184 2.392 20,100 57.083 20,100 ,945 7 994,520 7 752,587 3 Income from other trading aetivitie4 Curial PaTochial Lnrestricted Restricted FuDds Full41s Totyl 2024 Tot81 2023 Hall in¢ome Stdl G¢nernl fidraising 1 ?46,413 206,872 382,180 1,246,413 206.872 382.180 1,172,440 204,724 267,467 164463l 1,835,465 1,835.465 4 Income from Investts¢nti Curi41 Curl Curial Restricted Urtre5tri¢red Desigp.ated Fwids Funds Parochial ReÈrrictLvJ Funds Total 2024 Total 2023 Rent reG¢iv¢d Interest receiv¢d Dividends reteived CNET4 dividend 18,206 57,233 18,493 105,050 L36,794 123,256 194,165 18,493 243,400 119,583 lJ6,624 14,888 266,8(K) 537,S95 138 243.41 138 243.41)0 241,844 579,314 Page 16
RC DIOCESE OF MOTHERWELL Notes to the Flnan¢llll St•tements For the Year ended 31 December 2024 5 Otber Income Curial Parochiai Untestri¢trd Restri¢t¢d Funds Total 2024 Total 2023 Religiou5 cducatio Other income 13.115 6,356 13,667 19,471 13,667 27,976 22,860 50,836 6 Expendlture tsn rAlslng ndS Curi ParochiA] Unr¢stricted Restricted Funds Fun(ts Tot 2024 Total 2023 Hall expenditure Staff c4)sts Stall General fuknising costs 408,762 149,729 178.535 52,242 789.268 408,762 149,729 178,535 52,242 789,268 388,022 104,932 134,504 33,566 7 Expelldlture on CbAritable Activities Dio¢esa A¢tiviti¢5 National Activitie5 Parochial Activities Total 2024 Total 2023 Education 8nd forrllation Seminaries and Perttwiettt DiacoDat¢ Pastoral strkices Retittd pri¢sts Sp¢Gial Collectio Speci81 c4re S&feguatding Staff ¢osts Property Costs Poor Clare project Organ costs Co]nput¢r ¢osts Depreciation (Gainyloss on disposal of 8ssets Adtnitiistration Catholic Dioccsc Healthcare Tnt National singing progratnm¢ costs Prof¢s8ion81 f¢¢s Auditor's remuneration DoLation8 Proviston for sensitive claims Other 124,041 144.030 35,467 159.508 144.030 831.746 175,321 536.418 99.271 52,776 1,078.131 6.036.070 325.0•4 164,165 140,201 709.515 176.986 616,390 62,018 46,790 978,865 4,439,355 133.808 697.938 175.321 198.299 338.119 99,271 52.776 4?3,477 63,832 325,024 654,654 5,972,238 2,650 20,230 271,746 140,000 741,841 23,460 2,074 122,401 30.996 154,768 (75,000) 264.459 26,382 41310 26.382 264,245 1218,7i7) 844,781 29.760 221935 (218,7571 759,243 85,538 63,879 19,794 25.800 46.401 14,430 132.839 110,280 34,224 158,639 79,306 168,691 8.823.198 247,997 ,781,659 332,107 10,936,964 9 033,910 Page 17
RC DIOCESE OF MOTHKRWILL Note$ to the FIn4ncl Ststements For the yeAr ended JI December 2024 8 AllAIy815 of Staff Costs 8nd Remuneration of Key ManAgeent Persone1 2024 2023 Curial sakles &nd wages Social securtty costs P¢ll8ion costs 424,612 34,616 24,992 424,612 34,616 24.992 484,220 716,(H)O 1.200,220 484,220 Wages $alarÈes- pJrislk¢S 804,383 1288 603 Th¢ average tswnthly number of eTnploye¢8 during the yw 137 137 The above numb¢rs include lay peopl¢, priests and religious sisters. Priests who perform &dmillistrative duties for the Dio¢¢s¢ do not re¢¢ive retlluner&tioD for thrir services. The Charity consid¢r$ its key tn8nagement perSoJe} comprises the Tn]8tx8. Retnuneration of the Tntstees is det&iled in note 9 to the fJanci&l statein¢TLts. The emolutneThts of higb¢t paid employees fell witbiti the following range.. £60.001- £70.1)00 one {2023- one). 9 Remutteration of TrM5tees Tb¢ thi'¢e TrLLStees of the Diocese Tec¢iv¢ no remunerntion for their servitts &5 TThttes. Ail of the Truste&s are clergy of the Diocese and. as sucty are housel r¢mTJTrernted and reimbvr5ed exp¢nses foi canying out their in the sathe way as oibeT priests ef the Dio¢¢se. itt accordance with the code of Canon law. The ClJaritÈes And TNsLe ITEvestment (S¢otlattd) Act 2005 aud The Charities Accouats (Scotlandl Regulations 216 r¢quire disclosure 0£ rethuneratioD and expeiises paid 10 TnteeS in whatev¢r capacity. The total remunerntioll p2id to tbe Truste¢s amounted to £Nil (2023.. £Nill artd tbc total eosts of acconlltsodation attd reimbursement of expenses 8mouttd to £55,37812023.' £51,430). The Dio¢es¢ has iJsurall¢¢ to protect the Diocese Ioss 8risJng from neglect or default of its Trustee8 attd iusuraJ)ce to indeEnnify the Tntstces agaitiit conSe(W¢¢S of gLect or default oll their part. 10 AuditDr'g remuneratiOEi The allditor's remull¢ration constitt¢d audit fees of £34224 (2023 - £30.996} and additional &ccountgney work of £12.714 (2023 -£12,108). Page18
RC DIOCESE OF MOTHERWELL Lyotes ¢0 the FinalleiAI Statemellts For the yesr ended 31 Deeember 2024 11 T%uglble Fixed Assets Pamchial Furniture, Furnittw¢, Hoitable Pmpertv fittings, vehicles fittiTEgs & Cwi Parochial & equipmenr motor vehicles Total Cost OT Valuxtion Al l January 2024 Additions Di8p05als RaluatiOn 1.831.400 11.585,000 123,221 13.553 18,126 13,557,747 13,553 (500,000) 914,842 13,986,142 {5(N).000) 914,842 At 31 D¢Ktnbsr 2D24 1,8314(10 11.999.842 136,774 18,126 Depr¢clAtlon At l January 2024 Provision On disposal At 31 December 2024 36,628 36.628 231.71)0 221.71K (iO,(HM)) 443,400 112,862 5,682 17,186 235 398,376 264,245 (10,0001 652,621 73.256 118.544 17,421 Net Book Value At 31 December 2024 1.758,144 11,556.442 705 13,333 521 At 31 Deceb 2023. 1.794 772 11353 300 10,359 940 13 159,371 DM Hall LLP, Chart¢r¢d Surveyors were appointed to p¢rfoTm valuations ofrelevant diocesan and parochi&i properties ' and sites for the yeaT ¢Dd¢d 31 December 2022. DM H1 are independent qualified surveyors 8tsd this is their second temi of appointm¢r¢t. The total fees p&d by thc DI0$e ill respect of the valuauon work are Milli in of the overall tuTnov¢r of DM Hall LLP. The basis for all VAlu&tion is fairvalue As per VAlu]0n PT¥¢ti¢¢ Stst¢Etwit4.1 of the RCIS Vduatton- Ptofes$i0tt21 Statsdards. updated and publisb¢d January 2023 and a8 d¢scribed by the International Valuation Stattdllrds. I d¢tcn)Jining the fair value of ¢&Gh of thepropcrties JDd sites, the"¢ompaTative' principle" of valu&tion methodology was adopt. The datc of valtJ&tion i8 31st December 20?2. All diocesan propertie$ and sttei were in¢ludcd ill the Valuation bul only non-adjoined parochial properties, ¢xcludin churches. i.e, parislL halls, presbyteries 2nd otber parochial properties Dot phl¢allY joined 10 wh other or the churc were included, tog¢ther with P3Tish sites. The heritable propety figures ststed abov¢ for ¢o$t or valuation iD¢lude taDd And heritable propth). as follows.. 2024 2023 At valllation- Curial properties 1758,144 1,794.772 At cost - P8rochial pro11¢$ At valualion- Parochial propertie 11.556.442 13,314586 El,353,300 13,148,072 If ¢¢rt&in fixed a&s¢ts belonging to th¢ Curial offi had not been Tevalued thcy would have been itiGluded Oll the histr)rieal cost b&%is &t the following ats. 2024 2023 Cost Accwnulated depr¢ci8tion 1,867,835 (465,162) 1,867,835 {427.808) 1440 027 1.402 673 The abov¢ cosi figures do twt include the Cost of p8rtsb properties &8 tbese are unkllowtL Page 19
RC DIOCESE OF MOTHERWELL Note& to the FinancAal Statements For the year ended 31 December 2024 12 Flx¢d Assei knYestment8 2024 2023 Valua¢lon At l J8rLU4ry 2024 Invested duritig the year surylU1Defi¢lt) oll revaluation At 31 December 2024 11,540.244 18.493 498.121 11,006,416 14,888 518,940 12,056,858 11540244 Cosi at 31 December 2024 6 789 964 6 789,964 The above total is represented by. 2024 2023 LiBted illve5tments Catholic National Endornrynent TnL%t 4 Utilisted investments 405.577 11,647,281 4,000 396,386 11,139,858 4,000 12,056,858 11540244 The above asstts are split between UK and ryon.UK investtnent assets a5 follows.. 2024 2023 Lnv¢stm¢rAt asset5 ill5ide the L Investm¢nt &5s¢ts outside the UK 12,056,858 11,540,244 12056 858 11,540,244 All investmerits are catried at tbeir &ir value. The li3ted itivc*an¢ots consist or cquÈtie5 traded ITh quoted public markets, prinwily the Lotsdon St(k Exehattge and holdings in COD)TDOn illvesttnellt fitlld4 Unit tnjsts Dpen-ended inyestment compat]ies. Th¢ holdings iti cotnmon inve6tn)ent fiwds, untt trusts and opetbended investment coiijpani¢8 are at the bid pric¢. Th¢ b1$ of fair value for quoted investments is ¢quivalellt market value. ]ll8 the bid price. Tb¢ Catholi¢ National Èndowment Trn5t 4 is ah UDltsted utkit trust vthi¢h hold8 its fjJnd$ in illvestnienrs listed on a recognis¢d 8tock exc1l8¢. At 31 Decemb¢.. 2024 the Diocese of Nlothenyell had ownership of 43.990/0 of tbc total fid (2023.. 43.99D/D). Tbe cost of these ioYè$tll¢nts ai 31 December 2024 was £6,445 J92 (31 December 2023.. £6,445,392). Thig investment 18 tepayable oa d¢D]and. The investment has been nwle priocipally to provide for the care of sick and retired priests in the future, tt1tlwui this ren]ains at the discretion of the Tnut¢&s of the Diocese of Motherwell. 13 D¢btor5 Totsl 2024 Total 2023 Curi P&ThKbiaL Prepayments And accrned income Parigh loang Due by Curial Office 418.651 3.249.647 36,668 455,319 3.249.647 9,070.002 427,452 3,405,084 9,365,917 9.070,002 3 668,298 9.106.670 12.774 968 13,198 453 Tbe amounts due by the parishes are laricly ¢obllcctiOn parish developments. Due to thè necessity to show pJrocbial and dioces2n ats attd liabilities separately. the anLOUttt stated above as a dio¢esan debtor 18 also included as a pwhial ¢r¢ditoi in Dote 13 8t vice versa for amounts due by the Diocese to the pari$Les (see note 14). Pag¢ 20
RC DIOCESE OF.MOTHERWELL Notes to the Flnanei21 StateTneDts For the year ended 31 December 2024 14 Creditors fxlllng due withAn one year Total 2024 Total 2023 Parochial Accruals P&ish loaE$ Taxation and social security Otber creditors 170.500 773,172 3249,647 943.672 3.249,647 15.740 28,822 562.888 3.405,084 14,112 28,822 15,740 28,822 4,022 819 4237881 4.010,906 15 Credltors falllng due ther more than one ye4r Total 2024 Tota] 2023 Patochiai" Parochial Investment Fund PtOTal Aid Fund 8,571,751 498.251 8,571,751 498,251 8,635,507 730,410 9,070 00? 9,070.002 9,365,917 The Pkroehial InvesttXLertt Fwid r¢presents monies deposited with th¢ Dioc¢3¢ by the PArishes. Investing parishes receive tnlerest at a rate of 1.5/0. Loall5 (8¢¢ note 13) are made ayaijable at a low intcrest r&te to parishes vfjshing to embark on major building or repair work. Th¢ TwaiDing fillJ(ts are invested centralty by th¢ Dio¢e5e. The PastoTrl Aid Pulld r¢pres¢nts montes deposited with th- Dioces¢ th¢ p8ri8bes to meet some of the in¢ome need8 of parishes in poorer areas. tnvestyug parish¢s reiVe inier¢st at a rate 04 1,5Q/o, TIL¢ Diocese invesls the total fund centrally and the surplus¢5 Gr¢at¢d ar¢ distribut¢d ty needypaTisbes. 16 Provlslon for 1SabtIlties and chr8¢4 2024 2023 Provision foi seDsitive claitDS 25,IH)O 25.000 Pokntial claims have been ll)ade against the Diocese relating to alleged Although there is IT cover in place, any damages or costs in excess of the policy limit wtll need to be met by the Dioces¢. Bwd on discu108 wtth the charitys illsur¢rs, pmvtsion for £25.000 Iw becu rnadc to meet th&8e ¢laillLS. 17 An#ly5is of eharitable fund$ (} Curl91 Unrestricted Fund5 Revaluatio AÉ I JAtw Incoming Resources Illi'¢stment 2024 Resources Expendcd Gainslllossesl TrasferS At 31 December 2024 General Fund Rev81u8tion r¢s¢rve 2.464.813 349,593 166.522 (2.075,078) 227,466 1,860,013 (7,137) 1,852,876 342,456 Unrestricted lldS 2,614,406 166.522 2 075 078 227,466 2,786,192 Descrlptlon of Funds The general fund is the Surplw of g¢n¢rd inwmc ovu general ewdittjre al is available for aDy of th¢ puEposcs of the charity. The Tevalualiou r¢8¢rve represents the incie&s¢ 01 drease in value of the eurial properties. The properties are profe5sioually vklued every five ye4rs. Pag¢ 21
RC DIOCESE OF MOTKERWELL Noteg to the VIDAnclal StstenJeDts For the year ended 31 Deeen)ber 2024 17 Analy818 of charitable fvnds (b) CuriAI Designlted Fundi At l Jalluary Incomillg R¢soi]rce5 lllve5tmeTht 2024 RQU[ce5 Expelld Gain(LO5$e5} Transfers At 31 Deeember 2024 CNET 4 5.941897 270,655 243,400 6212552 D¢8criptlon of Fund4 Designated Fuodg are rllonie8 set eside by the TnLgtets for a pwrtiCui pwpos¢. CNET4 - As described in note 12, this Ojnd bas been set up priocipally to pmvide for th¢ care of sick and retired priests in th¢ tsture, alth17ugh this r¢nJains Lt the discretion of tbe Tntsttts of th¢ DioceK of MDtherwEII. The nd IB represented by inveslnwlt in propety. And sbate port(olio$. (c) Curial Regtrlcted Funds At l January IDcoming Resources 2024 Re3ourc¢s Expended Invesknent Losses At 51 December 2024 Trgnsfers St Patricvs Levy fimd C&thdral organ fund National schools siuging programme 618.213 10,196 (128,562) 489,651 10,334 138 12,277 20,100 (38,688) 6,311 22,251 499 985 Descrlptlou of Funds Restricted can onlybe used for particularrestricted purp05¢s the objects of the cbarity. Re$ttictions arise whell specified b} the donor or wben fllllds are raised for paTticulhr r¢5tricted pu]pDses. Thè St Patrick's Levy sv95 S¢t up by the parish of St PatricE& Coatbridge to assist ally parishes experi¢ticillg difficuliies in paying their l¢vy over the next 3 ycors. TtJ¢ Cfttbedral Organ fund ]w up fot the tti&inlenall¢¢ knd upk¢¢p of the eath¢drnl organ. The National Schools Singing PrOgraIn was set up to futtd tb¢ expenses And salary costs of & choir master for teacbing children to sing in a choir. Id) Parlsh R#trieted Funds At l jar.uary 2024 tncoming Resoutces Resources Exp¢nd¢d Reviluatio At J l Decemb¢r 2024 Trausfers Parochial 8triGttd tlltids 22,481,804 10012277 9 612,466 914,842 1,487,225 22 309 232 Deseription of Funds Th¢ parislles of th6 DiOGtse of Moth¢rw¢ll 8te establish at]d operate Under th¢ Code of Canoli LAW of the Roma Catholic Chre wti'ch gives 5¢parat tantsiiical status. Thèrelore each parish has b tr¢ttd as a separate ttstrieted fia withiti these financial $tatemeThts. The parish fid8 ar¢ admillistered bj th¢ Parish priests with guidanoe from the Curial Office, and arè used to fitrtber the work of the Church in local areks 2nd to support the work of the CuTia. Page 22
RC DIOCESE OF MOTHERWELL Notes to the FinAllci#l Stat¢ments For the y¢xr ¢mded 31 Decelllber 2024 18 Transfers betiyeen Funds- Levy 4Dd Special Collectlons The transfer of funds of . and Specia] Collections from PaTISh to the Diocese comprised the followitis: 2024 2023 1,476 103 1,393,798 Sp¢cial Collections.. CorununicatiOJLS Day for l.ife St Margar¢t'5 Childr¢n alld Fatllily Ca Justice and Pcac¢ Holy Places Peter's Pence I£nlen Appeal E¢cl¢sia¢ital Students, Fund Studentslrctircd prt¢$ts Erf)x¢s Catholic Edution ConThJi&sion 27.199 30.626 17.014 34.227 43,341 34,488 44,448 36,483 40 33,597 26,157 26,560 15.937 33,490 38,205 36,293 45,597 36,524 4.515 32,697 301,463 295,975 1,689 773 TotAI 1,777,566 19 Other transfers between fllnds Othcr trausf¢r$ from the parishes to the Dioees¢ w¢r¢ as follow8: 2024 2023 PlSh loan interest Maintenanc¢ COSL8 14,591 540 18,478 3,141 21,619 Transfers from the Dio¢es¢ to the parish w¢r¢ as follows: 2024 2023 Parochial Investment Fund intwest Pastoral Aid Fund interest Clergy accommodation 8llowaDce Spr¢d rent Fontes Magazine ¢outribution PAF donations St P&trick's l¢vy fund 98,842 7,030 49,522 21,776 1,748 46,672 7,1)00 10,000 5,000 137,143 9,516 5,000 128.562 305.472 229339 Totsl 290 341 207.720 20 An4ly$i$ of Net Auets behveen Funds Unrcstric¢¢d Fund5 R¢strigted Funds D¢signat¢d Fullds Tallgible fixed assets Inv¢stsn¢nts Ch at bank and in hand OtlieT ll¢t current a5S¢t&lOiabiliti¢s) 1.776,374 5,844,306 807,278 (5,641,766) 11,557,147 6.212,552 6,168,219 5,083.851 2 786 192 22 809.217 6 212,552 Page ?3
RC DIOCESE OF MOTHERWELL Notes to the Financinl Statements For the yer elided JI Deeember 2024 21 Reeonclllxtlon of rtet Ove£llt ID futtds to net cash floiys from operating 4¢tivities Total 2024 Total 2023 Curi Paro¢hial Net movement in fund5 Adjwtments for.. Intcre8t reeeiyed Dividetsds received Rent r¢ceÈved Depr¢¢iation cbArges ProTrision for sensitive clain {Gaitt)i1o on dispos&l of assets Net gains on inyestments Decrease in d¢btor$ {Deerease)Ancrease Én CdItorS (1.185,485) 399.811 (785,674) 809,955 (57,371) (261.893) (18,206) 42,310 {136.794) (194,165) {261,893) (123.256) 264,245 {136,624) {281,688) {119,583) 271,746 (75.000) 140,000 (518,940) 201,638 (458,866) {105.050} 221,935 (218.757) (218,7571 (498,121) 423,485 (68,9401 (498,121) 164238 (258,865) 259247 189,925 Net c#$h used in operating actiYitie¥ 2 073,393 610J17 1463 076 167,362 21 Cxtsh Ilows from Investing 4dfvitl¢s Total 2024 Total 2023 Curi P8rocbi81 InteTest re¢¢iYed Dividends r¢¢eived Rent rec¢iv¢d Paiinents to a¢quir¢ fixed asset investments P&iThents lo a¢quir¢ tatisible fixed assets Reeeipts from sales of lan711¢ fixed &ets 57.371 261.893 18,206 (18.493) (13.553) 136.794 194,165 261,893 123,256 (18,493) (13,553) 708,757 136,624 281,688 119,583 114,888) (147.762) 105,050 708.757 305,424 950601 1,256.025 37) 245 23 Analysls of ca8b &Dd ¢&$b equivalents At l January 2024 At 31 December 2024 Flows Curlal Funds Cash at b&rk Bank overdrafts 1,5S8,007 (280,744) 1,307,263 1588.007 280,7 1,307 263 Pirochial Fund8 Cash ai bank 5 594541 73,693 5 668,234 TotAI Funds 7 182J48 207,051 6,975 497 24 Pen51oJis The Dioc¢se opcrates defined contributioll schemes for the b¢n¢fit of ¢¢rtaill Curial Office eplOyeeS. The assets of the schetne are adjninistered by tntstee5 in fuDds ind¢p¢nd¢nt from those of th¢ Diocese. 25 Capltal Conllnitments Thde were no unprovided capital cottithitments at 31 Decernber 2024 or 31 Deccmber 2023. Page 24