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 Independ￿t 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¢ Tn￿E0c￿ 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 fU￿ncl#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 adminl8Ée￿d 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 c￿Ver￿ance 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 th￿ughoUt 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, ri￿LS 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 ￿OnsI8h￿g 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 Signifith￿ce.
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 tr￿te¢ 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 pro￿ding 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 Tn￿1 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, sPR￿D 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 P￿1th 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 T￿teeS are responsible for the Contents oEthe financial ststetDents. which are prepared by the Diocese and audited
by WDM A150cial28.
The Parish account5 hav¢ been itselL￿ed 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¢¢re￿ed £30,080 and otheT
dornalions fiwdrai8itt£ have InCre￿d £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, [al￿k has surplus
and i.q exblnrin<t the n(1￿81b111fv of a land salè for *(>tiil h￿￿$[n￿_
Following out procurem¢nt exercise for banking 5erviGe8 and th¢ traD.sf¢r of all ¢uria and parish a¢counttD the Bank of
Scotland the interest incoTiie fron] deposits has grettdy increased and ¢b￿g¢S havc bcen kept low. The FinÉmce
Departtheiit now the abtlity to thotiitor all ac¢ouuts. Parishes ar¢ ￿1¢ to download tranÉactioda froln onlirte
banking funotioD for u8e in preparing their Annual Fitiuiiciai K¢bJfn. Bsttk of Scodalld offer a convenient way to
deposlt ¢a8h ptesendy havitig more bratichts than their competitots.
PAge 4

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 I￿luded 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 continU￿lY
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 f￿dIllg 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 T￿stee5,
policy to inv¢st in the Stock Market to obtain & balanced re￿rn 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 m￿ageT and peopl¢ with relevaAt knowledge arLd experience in the
investn*nt field.
Resèrves policy
Tb¢ intslltion (Jf the Tn￿tee8 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 TTh￿tee$ 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 p￿iSh 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¢ aSSe￿ed the major risks to which
the charity is ¢xptss¢d, in particular thos¢ related to the operation and finances of the ch￿lty and arc satisfied tbat the
syst¢ms in plac¢ to ndtigth exposure to these risks are operating effectively.
The 1'n￿teés are aW￿e of th¢ n¢¢d to Teview, upd&tr And and docuthent Policies, p￿￿edureS 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¢
COntin￿tIon 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 cou￿Litt￿ents 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 piogan￿8 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 b￿ls.
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 f￿anCial 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.
Tn*pr¢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 indi￿lonS 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<itm-nt (s￿1]at￿l A¢t 4005, the charli1￿ A￿oUnts (Scotland) Retiulatioiis 2006 {as
am¢uded) and the prol'isions of th¢ J)ctrd of DccLarallon of Trust. The) als(> tesponsible for $8feguardiug the asselq
of the Dioces¢ and henee For i&killE reasonable bieps for the prei¢utsou and dete¢ii0s1 ot Iraud aDd other itYegE]laTities.
S¢¥terBellt as to dlsclosure of iDfonnatlon to xudltors
So far as tb¢ Tnistees are aware, there is no releiYr)t audit iDfonnation of wbich thc cIw1￿'S auditors ar¢ unaware, all(1
¢ach Trustee has raken all ytcps that b¢ oughr to hai'e taken &s 8 Truslee in order tt) maLE hinJse]f aware of reievjnt
audit infornutiott and to estsblith that the Ch￿1t￿S auditors are a￿.are of that infom*tion.
This rcport wag approved by the Truslww on 8th Julv 2025 sioned n thcir behalf by".
Tnwtee
Tnjslce

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 statell￿nI 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 p￿Paratioll 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 rnveyttll￿t {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[t￿tiOll 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 fir￿nci&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¢ cTr￿lties 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 Mat￿rial misstatement w'hell it exists. Misstatements can arise from
fraud or error and ure considered ￿￿t¢rI&l if, illdividually or in th¢ ag£gre￿te. 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 re￿latiOnS 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 CO￿ldered 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 Indica￿rg of potential bias.
Because of the ]nher￿tt liwitations of an audit, there is a risk that we will llol detect all i￿egUla￿ltit8, it]cluding thos¢
leading to a material mi5St&t¢m¢nt in tbe firtanci￿ ststem¢llts or Don￿OInplIan¢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 &w￿e 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 f￿aDelaI 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 fftÈ￿e solely to the ¢haritys tn￿tee5, 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 AC￿llnts (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 trUS￿e5 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 I￿rt￿
Levyan¢ Sp¥fjial Cou￿tIl￿
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 FE￿d& 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 fO￿Part of thw£ fiaauciai 5t41rnts
Pag¢ll

RC DIDCK5E OF fvIO'I'H￿￿ll.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
Am0￿￿ts 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 r￿ed 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
C￿h 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 hts￿riC 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 ac￿llI￿ts 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¢g￿lAtiOUS 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 SI￿ed. Thus they
ontinue to adopt th¢ goiag ¢oll¢ern basis of ￿¢0￿￿tt￿8 in preparing the annual fuwci818tst¢m¢nts,
ParlBbes
Th¢ parishes of the Diocese estÈblisbed and opwate u￿der the Chureb's Code of C.alloD LAW wbich coufrrn on tbem
8¢par&te canoDical sta￿s. Parishes are now a￿ount￿ 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 a￿ets 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 Di0￿Se.
Tran5&clioDB between parishes and th¢ Diocese 8re aC¢oUT￿ed for ￿ tr￿fe[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 entitl￿1 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 Speci*1 Collection5 4nd donatio￿8
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¢
qua￿t[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 ￿¢¢1Y￿ble.
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 t￿rn￿]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 mCetr￿8 the Dioc¢s¢'s PTimEry obi￿tiveS and include both
the direct costs alld the support costs retating to those A¢tivitie5.
Tanglble llxed Assets
Heritable properties are iniually t￿98D]Sed Nt (y)s¢ aDd 5ub5¢quently Ille￿￿r￿ at their fair value at the b8Jance 8heel
date. Properties are revalued by professio￿1 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$h at bAnk And hAlld
Cash at bank aud casb in hand includes ca3b and 8knrt tern] highly liquid iuvesthjents with a short Ma￿rity of thffe
months or1&85 from the date of acauisition or ODeniDR of the deDOSit or Si￿11#r bccowiL
Credfitors
CrEditors are recogni%ed wheTr the charity has a present oblig&uon re3ulttng from & pjst eyent that Kryll probablyregult
itt the traDsfer of fvnds to a third paty and the amount due to settl- the obligatiotL ¢2n be measured or estimdted
reli&bly. Creditors are nonn&lly recognised at theTr seulenlent an￿1]nt after dloThing for any discounts due.
R￿lis¢d g4SJt$ ind 10$8e$
All gains and I0￿eS 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 r￿st day of the fillanciAI year. Lo￿11$ed gaiDs alld loss¢s are calculated as the differen¢¢
betweeD the fair valu¢ at the ￿ar ¢ud aDd th¢ir wrying Wdlue. Rdi%d and UDrealis¢d inveslment gains and Iosges &re
combilled in th¢ Stat¢m¢nt of Finau¢ial A¢tiviti¢s.
Pensions
Th¢ DI0￿5¢ operates a dEfmed conknEution pension schemc. The assets of the scheme ore held separately frorn those
of the Dio¢¢$¢, being invested with insurance conJpanics. P¢Dsion Costs charged in the Ststernents of Finalleial
ActjvÈtieg represent the contnl)utions pa￿ble 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 fi￿d$ 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 fi￿draising
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 Tn￿t
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 ManAge￿ent Person￿e1
2024
2023
Curial
sak￿les &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 perSoJ￿e} 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 TTh￿ttes. 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 21￿6 r¢quire disclosure 0£
rethuneratioD and expeiises paid 10 Tn￿teeS 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 8moutt*d 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
R￿aluatiOn
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 Dece￿b￿ 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 H￿1 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 ph￿l¢allY joined 10 wh other or the churc
were included, tog¢ther with P3Tish sites.
The heritable propety figures ststed abov¢ for ¢o$t or valuation iD¢lude taDd And heritable propth). as follows..
2024
2023
At valllation- Curial properties
1758,144
1,794.772
At cost - P8rochial pro1￿￿1¢$
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 a￿￿ts.
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
surylU￿1Defi¢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¢ b￿1$ 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 exc1￿l8¢. At 31 Decemb¢.. 2024 the Diocese of Nlothenyell had ownership of 43.990/0 of tbc total
fi￿d (2023.. 43.99D/D). Tbe cost of these ioYè$tll¢nts ai 31 December 2024 was £6,445 J92 (31 December 2023..
£6,445,392). Thig investment 18 tepayable oa d¢D]and.
The investment has been nwle priocipally to provide for the care of sick and retired priests in the future, tt1tlwu￿i this
ren]ains at the discretion of the Tnut¢&s of the Diocese of Motherwell.
13 D¢btor5
Totsl
2024
Total
2023
Curi
P&ThKbiaL
Prepayments And accrned income
Parigh loang
Due by Curial Office
418.651
3.249.647
36,668
455,319
3.249.647
9,070.002
427,452
3,405,084
9,365,917
9.070,002
3 668,298
9.106.670 12.774 968
13,198 453
Tbe amounts due by the parishes are laricly ¢obllcctiOn parish developments.
Due to thè necessity to show pJrocbial and dioces2n a￿ts attd liabilities separately. the anLOUttt stated above as a
dio¢esan debtor 18 also included as a pwhial ¢r¢ditoi in Dote 13 8t￿ vice versa for amounts due by the Diocese to the
pari$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
P￿tOTal 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 r￿eiVe 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 ch*r8¢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 discu￿10￿8 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 Tra￿sferS
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 d￿rease 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
R￿QU[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 Ch￿re￿ wti'ch gives 5¢parat tantsiiical status. Thèrelore each parish has b￿￿ tr¢ttd as a separate
ttstrieted fi￿a withiti these financial $tatemeThts. The parish fi￿d8 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¢$ts Erf)x¢s
Catholic Edu￿tion ConThJi&sion
27.199
30.626
17.014
34.227
43,341
34,488
44,448
36,483
40
33,597
26,157
26,560
15.937
33,490
38,205
36,293
45,597
36,524
4.515
32,697
301,463
295,975
1,689 773
TotAI
1,777,566
19 Other transfers between fllnds
Othcr trausf¢r$ from the parishes to the Dioees¢ w¢r¢ as follow8:
2024
2023
P￿lSh 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
C￿h 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 ye￿r elided JI Deeember 2024
21 Reeonclllxtlon of rtet O￿ve￿£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 C￿dItorS
(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#$h used in operating actiYitie¥
2 073,393
610J17
1463 076
167,362
21 Cxtsh Ilows from Investing 4dfvitl¢s
Total
2024
Total
2023
Curi
P8rocbi81
InteTest re¢¢iYed
Dividends r¢¢eived
Rent rec¢iv¢d
Paiinents to a¢quir¢ fixed asset investments
P&iThents lo a¢quir¢ tatisible fixed assets
Reeeipts from sales of lan￿711¢ fixed &￿ets
57.371
261.893
18,206
(18.493)
(13.553)
136.794
194,165
261,893
123,256
(18,493)
(13,553)
708,757
136,624
281,688
119,583
114,888)
(147.762)
105,050
708.757
305,424
950601
1,256.025
37) 245
23 Analysls of ca8b &Dd ¢&$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 e￿plOyeeS. 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