Report of the Trustees and FlnAnelAI Ststements . for tbe Year Ellded 31 December 2025 for RC DIOCESE OF MOThERWELL Charlty Umber. SC011041
RC DIOCESE OF MOTHERWELL Report and Financial Statements For the ye4r ellded 31 December 2025 Index Page Reference and adnjinistrative detsils Report of the TrSte85 Rq)ort of the Independent Auditors Slal¢ment of Financial Activities 12 Balance Sheet l3 Statement of Cash Flow8 14 Notes to the Financial Statements 15
RC DIOCESE OF MOTHERWELL Reference and admini5trativc details For the year ended 31 December 2025 Name of CIlty RC Diocese of.MothenYell Registered Chatity Number SCOI1041 (Scoiland) Principal OtTice Dioceun CeDtre Coursington Road Motherwell MLI IPP TneS Bishop Joseph Toal Father James Thomson Fath¢r Raymond Br¢slin Principal Bankers Bank of Scotld The Quadrant Main Street Coatbridge ML5 3EO Soli¢itDr Mcsparran Mccormick Waterloo Chambers 19 Waterloo Street Glasgow G2 6AH Auditors WDM Associates Registered Auditors Chartered Accountants Oakfield House 378 Brandon Street Mothmvell MLI IXA Website www.rcdom.o .uk Pa8e I
RC DIOCESE OF mOTHERILL Report of the Trustees For the year ended 31 December 2025 Introdu¢tfon The Trustees of the RC Diocese of Motherwell present their report togeiher with the Financial Statements of the RC Diocese of Motherwell for the year ended 31 December 2025. Trustees The Trustees are the Bishop by right of the Office. the Vi¢ar General of Motherwell and the Dio¢esati Treasurer who are freely appointed to these Offices by this Bishop and become Trustees by holder of these Offices. At the 3 1st December 2025 the Trystees were accordingly Is follows: Rt Rev Jos¢ph Toal Rev Rayond Breslin Rev James Th0noll Bishop of Motherwell Vicar-General Treasurer The Trustees hold mwetings on a reguIar b8SiS to conduct the operations of Ihe c]wity and otherpolicies. The Diocese has an ollgDing policy for training Trustees and are kept fully inforned of legislative C11ge$ which affect tbc charity. Sco e of the Flnanelal Ststements The financial gtat¢m¢nts in¢ludc th¢ assets, liabiliti¢s and transaction8 ofthe following.. RCDio¢ue ofmotherwell Curiol Funds Curial Funds are used to support the Bishop in providing diocesan and pastoral caTe and to meet the costs of central administration. ParochiaIFun- The Parochial Funds are administ¢red by the parish priests. with guidance from the Curial Office, and are used to ¢arry out th¢ work of the Church within local arcos and to help fund the Curial Office. re vernance and Manx ement Governlng document Th¢ RC Diocese of Motherwell is constittted by its Deed of Declardtion of TrnsL The TnLStees named on page one have served throughout the year or since date of appointrnent. Appointrnent of Trustees is gov¢rned by the tern)s of the Deed of Declaration of TrusL The TrLtstees meet ai leait Six limes per year. Oyganlsatlonal Strucknre The organisalional stNcture of Éhe Diocese is headed by the Bisbop of Mothenvell itL accordance witb the law of Church - Canon taw. The administrative and pastornl stsu¢ttJr¢s of the Diocese Ore described in the cod# of Catson Law and th¢ books of Diocesan Stry¢tures. The fifty seven parishes (excluding Mass centr¢a- aDd religious hous) arc establt5hed and operate under the Code of Canoll Law (thB law of the Church) whlch confrrs on them separatc canonical slatus. rigbts and obligation8. Management The Bisliop has overall responsibility for the mallagem¢nt of the Dioces¢. The Bishop is supported ID his task of gov¢rn4n¢e by ihe Diooesan Curia. Tb¢ Dio¢es2D Curia under th¢ modcratioD of the Vicar General adtnillisters the day- to-day affairs of the charity from the r¢sistered offi¢¢. The Curik is mad¢ up of botb clerical and lay staff. Dioc¢san poIIcTe$ are put in pla¢¢ in ¢ollsultstion with a nurnber of ¢(pmmittees. Canon I. nundates a Diocesw Financc Cottlluittcc ¢onsistiJg of p¢ople skill¢d iti the &dtlstratiOn of goods. both lay and clerical. The Fin2n¢¢ Cornmittee d the Fabri¢ and Planning Committc¢ ¢¢1 5evcn tiTlles eAch ycar 2nd rcport OD activities of the Diocese and these are discussed and admce is given to thc Bishop and thc Tnle¢S COnrnIng their decisions. The Coll¢ge of Consultors is consultcd on matters of major admini$tratÉv¢ sTgnifi¢ance. Page 2
RC DIOCESE OF MOTHERWELL Report of the Trustee For the year eDded 31 December 2025 Key management personnel remuneratio The tn(eeS consider the board of tnths as cozllpri5irig tbe key managem¢nt peJEonllel of tbe charity in charE¢ of directing and ¢ontrolling the ¢harity and n]nning and operating the charity on a day to day basis. All trustees give of their time freely and no trusl¢e receiv¢d r¢mun¢ratioTh Details of Inte¢ expen5e5 are disclosed in note 9 to the financial statements. Ob'ectives and Activlties ObJe¢tlves Th¢ objectives of the RC Diocese of MotheTwell are defined in the Deed of Declarntion of Tnt and include'.- the advaticement of Roman C&tholic reIigion,' th¢ iulvancement of educatio the relief of poverty. the cure or alleviation of sickn% and disease. The policy of the Thstee5 IS to seek fJnon¢e ond support to assist its WOTk toward8 a¢bieving those objectives wrythin the Diocese. Actlvitle5 The Diocese continued to supw)rt Ibe parisbes of th¢ Diocese in thcir promotiDn of the advancement of r¢ligion and education and ¢heir.w.ork towards the r¢lief of poverty and tbe alleviation of iliness withill the Dioc¢se. The publi benefit provided by4th¢ Charity its¢lud¢s th¢ provision of religious ceremonies (such as baptisnts, wadings and fLmerals), celebrating public Masses, ond providing 2nd maintsiningpl&ces of worship. There is also a benefit to the general public as churches can be accesèed by peoplc of all faith5 and none, for PCTsonal spirilMal contemplation, Parishes are commiiruties wbich contribute lo thc moral and spirits1 wellbeillg of those who partÉcipate. From these ceutres ¢ducational, social and pasloTal Work is ¢aui¢d out as a pwti¢al expression of faitiL All of theso contribute to the wellb¢ing of civic society ill our ¢oulltry. Volulltsers Special mention should be made of th¢ nsIderable number of volunte¢rs wbo participat¢ in all &speGts of the work of the DtoceJat] T[t as they seek to liv¢ out their Christian vocatioJL Without their active participation our Parishes, in particular, would not fithctioTh The Diocesan Trnstees. Parish clergy and our employees are most gratsful to our volunteers for giving the Church and the world so much time at)d effort. A typieal PaTish has between IO% 200/0 of its Parishioners actively helping in all manner of voluntary roles from altsr servers to financial a¢eourntallts. Parishes do not only look inwardly to their own needs. Many Parish volunteers give help to the 5icK elderlyy hom¢lcss and disadvalltagcd io th¢ir local areas, and afield through their Parisb organi5ations. Safegu&rdi]bg An annual Diocesall and Parish audiL r¢vi¢wed by tbe Scotttsh Catholic Safeguarding SeTri¢e (SCSS) 2nd the llldepcndent Review Group (tRG}, 15 unalys¢d and a r¢port on strcngths alld '¢a¢s$¢S is fed back to the Diocese. All Catholic Organisations, including the DioceEan Lourdes Pilsrin]age, SPRED and Aln]a, operdting withill the Diocesan boundaries. complies with IN GOD'S ILGE. the Safe RecTuitinent Pro¢e8s. and is audited each year. The Diocese has an establibhed safeguardillg stture and governance with the Diocesazl Safeguarding Advisory GTOUP meeting quarterly to aid the Bishop. The Diocesan Risk Assessment T¢arn meets as and when requiied, producing risk assc58tnents and reconllnendations slith support from 5tatulory partDeTS. The Safe Recruitment Process is overseen centrally at the Diocesan Centrc, with the Safeguarding Administrator as th¢ link for Parish Safeguarding Coordinators. The Safeguarding Adviser contillues to att¢nd national meeliD&S and sUPPOrts th¢ national office in many ways. Flnanelal Revleiy The Tntee5 &ro r¢sponsible for tb¢ cont¢nrs of the finaDcial stat¢mcnts, which Are prepared by the Dioce8e and audited by WDM Associates. Page 3
RC DIOCESE OF MOTHERWELL Report of the Trustees For the year eoded 31 December 2025 FIDxnclal Review contin The Parish accounts have been in¢luded in the Dioces8n fioallcial staternents to reflect th¢ overall finallcial positiou of the Diocese, As requir¢d by charity &ccountsng legisllltio inAnel41 The Thistees report a surplus of £509,885 on total Curial funds for the year (2024.. su4)lus £301.740) and a deficit of £526,104 on Parochial fullds for the yw (2024- defi¢it *172,572). Curial nct cwreA)t assets wcre £5,515,033 at 31 Decemb¢r 2025 {2024.. £4,760.499) atLd Paro¢hi llet ¢urrent assets w¢r¢ £11,317,760 (2024: £10,752,085), Phro¢hial res¢Tves totsl £2l.783,128 Lt 31 Dece7nb¢r 2025 (2024.. £22.309.232) wlll¢h relate solely to the assets and transactions of individual parishes. CuriAt reserves total £10,008.6l4 at 31 December 2025 (2024: £9.498,729). Diocesan inconTr including th£ l¢Try and Special ¢ollectiOn trfe[S from thc pl$heS was £2,267,756 in the year (2024. £2,207,726) con]p8r¢d to exp¢Dditure of £1,857.575 (2024- £2.113.766). Much of tbe decruse in expenditure is attributable to propety costs. Curial incotne has been sutricielli this yw to meet the obligations faced by tbe Dio¢ese in relation to retired priests, educatioll of semi]tsriallS and the adn)it)istrative costs of the Diocesan Office. Paro¢hial income b&$ decreased £173,136. In 2024 St Columbkille's patith received a legacy of £526,134. There was a in¢r¢ase iti coll¢ctions of £165,502 which is approximately 30/u. Special colle¢tions have in¢r¢ased £47.403 and otber donations and fvThdraisin8 bave decreasd £84,865. Hall itieome decreased £18,614 from 2024. Propety costs for both the Curial office and parishes have de¢rea8ed £971,239 from 2024. Of this £486.050 is related to Decessary rtpairs and refurbishm¢nt works. Major renovations iookplace at Sacred Heart ill Bc115hill during 2024. St CutlLburt's, Burnbank and St Paul's, Hatnilton were denlolishcd in 2025 &s they were surplwq to requirement and both in poor state of rcpatr. Both 5iLs were sold foT so¢ial housing in July 2025. St Matys. Lanark has sutplus mnd and continues to explore th¢ possibibty of land sale5 for 8wiaE housing. Folltsw'ing our procurement Cxercise for banking sernices and the traDsfer of all curia and parish account to the Bank of Scotland the ints8t income fron] dcposils has wady increased and chargcs have been kcpt low. The Financc Departm¢ni now has the ability to monitor all accothts. PisheS are abl¢ to dovmload transactions from online banking function for use in preparing their Annual Financial Rettwn. Bank of Seotiand offer a convenient way lo deposit cash presently haling more br&llches than their competitors. Surplu51lDeficit) on Curial Funds The Dllin source of incoJDe for the Di0¢ is from ttLe parAshes through an annual l¢vy and Special Collections for particular purp08¢s. In the year wider review, £1,496,044 (2024.. £1.476,103) ratsed ill levy and a further £315,644 (2024.. £301,463) was contributed through Special Colle¢tions. As the levy and sclaI Collections are intra the charity, i.e. bctween the Dioccse and the Plshe$. td¢y are includ¢d in the Yrallsfers be.¢¢n Funds linc of the Sr2tem¢nt of Financial Activities. The Cunal unrestrictcd fimd a SUTplus at 31 December 2025 of £2.860.590 aa increase from 2024 of £416,854. Of tijis £195.475 is attributsble to unrealised gains OTh inve5irnents in th¢ year. in 2024 unrealised gains were £227.466, In order to maintain the fmancial security of the Diocese for the future, it IS ¢Sbential that expenditure is continually mollitored and Controlled. However to m¢et thcsc rising costs of our Con1t[nettts. the leycl of ¢ontribuuons from all SOUTces including parisbes will also hav¢ to be continually reviewed and increased Our 10 year plats, Proj¢¢t Wellsprill& will assist us with this. Page 4
RC DIOCESE OF MOTHERWELL Report of the Tru5t¢es For the year ended 31 December 2025 GoiDg con¢er The Trust¢¢s regard the tre operation of thc Diocese as a goiug concern. Ch beld in bank accounts is £7.68 million and the investmellt portfolio totalted £1 1.48 million at 31 December 2025. Costs constantly monitored and illCOttLe streams continue to be revi¢w¢d. locome is now appn)aching a return to pr¢pandcmic l¢vels althougb ther¢ has not been A corresponding inGr¢as¢ in Mass attendances. The largcst cost to the DI(-S¢ as L whole continues to be thc upkeep of the Dioccsan prop¢rties. The TnLStees have re$olv¢d to ensure repain F/ill be considered very carefidly and ass¢ss¢d based OD the n¢ed for the Dumber of churcheslprop¢rties currendy held and fiLnding sources available. Residential pmperties which become surplus to requirements will be sold at thc carliast opportunity. RevaluAtlon of property Heritable ass¢ts includ¢ diocesan properties. parochial presbyterie5 and oth¢r parochial properties and sites 2nd are valued by prof¢ssional extemal advisers every five yeaJ¥. Only nou-adjoined parocbial properties, excluding churche i.e, parish halls, presbyteries and other parochial prtspcrties not phySiLIY joined to each other or to the church ar¢ valued. Inalienable and historic assets have not been capitalised as no reliable value Can be atttibut¢d to them. Our insurers, Caibolic National Mutha], instructed Ftsher Gerniao Chartered Surveyors, to do a valuation exercis¢ on all insured propery. These have now been compl¢ted kn provide a moIe ac¢watg reinstat¢m¢lll cost of prop¢ty. Investment policy and perfornjance The Trustees have power to inve81 in Such stocks, 5bares. iuvestrlleDts and property as th¢y see fil. It is th¢ Tn¢stees' policy to inv¢st ID tbe Stock Market to obtain a balanced return combining capiral and income growth to protect the real value of both capital and tll¢om¢. These inveStnltS will se¢k to achieve this by investing in a range of Sets suit8ble for the investment of charitable monies, which will tske a¢¢ount of our ethi¢AI requirements. The Trustees will not invest in anything that is contraryto the moral and ¢thi¢aI teaching&of th¢ Catholic ChurclL 1DVestent policy and performance (lltinued) The investm¢nts of th¢ Diocesc Tnclude a 42.150/u share (2024: 44.14Q/r*) in the National Conting¢n¢y Fund amounting to £l1,048.939 al the end of tbe fmanoial year (2024.. £11.807,044). This fiu is mana. oed on Bn advisory basis by independcnt professional investtnent managers stykbroker5 on behAlf of the Bishop's Confercnce of ScotiauiL The Dioce8c also bolds unlisted investments of £4,0(M) (2024: £4.0> which are stat¢d at ¢osL The valuation of the various portfolios at 31 D¢c¢mb¢r 2025 produced an increage of £409,716 (2024,. ill¢rease £498,121). The National Contingency Fun(L whith is ged by the"Bisbops' Conference of Scotland on behaif of thr¢c of the Scottish di0e8. was responsible ftir most of the incr¢as¢. During the year wider review £244,500 w&8 received as diVidet from the Natio[1 Conting¢n¢y Fund (2024 £243,400). The costs of caring for our si& and r¢tir¢d ¢krgy in the year was £139.329 (2024 - £175,321). The surplus of £68,079 will b¢ used for future expcnsc. The Trustees bav¢ establi5hcd an Jnyestment Committee with th¢ purpose of advising them on th¢ perftsmmnce of tbe investments that the Diocese have and ensuring that inv¢stm¢nt brokers are performing well. Thc con]rnittee includes the Diocesan Treasurer, th¢ Finaoce M2n&ger and people with Televant knowledge and experience io th¢ investment fteld. ReserYe5 policy The intention of the Tnte¢S is to build up general reserv¢s to on equivalent of 6 months expenditure on unrestricted fimds not designated for other purposes. This would provtd" sufficicnt filnds ty wntinue the current activtties of the Diocese in the event of a significant drop in income. At 31 December 2025 the balanee of gener&1 funds WAS in 8iJ]plus by £2,860,950. How-ver much of this due to the prior unrealised gains on investments. The Trustees continue to tske sleps by preparing budgets for 2026 and 202; to scrutinisc and funh¢r r¢du¢e costs tbrougbout th¢ Diocesc. Page 5
RC DIOCESE OF MOTBERWKLL Report of tbe Trustees For ttte year ended 31 De¢eDther 2025 Diocesan And P&rlBh finance pomeles Fr Kenneth O'Bri¢n. Canonic8L Advisor to the Diocese. at the reqllest of the TnteeS and the Fill&¢ Co]llmittee. has compiled new"Dioc&wi and Parish Finall¢¢ Police8". Th¢s¢ docutllents are WTitten to comply with both Civil and Catton Law. They draw together previous policies that have been in pl&¢¢ and respond to th¢ ¢hanging circunjstances Wlthin church and social life. Below is th¢ foreword frotn Bishop Joseph Toal explaining the putpose and use of these Dew documerlts and policies.. 9th O¢tober 2025 This do¢ument"Dio¢esan and Parish Finance Polices" 1$ the policy and guidance for the Diocese of Moth¢rwell at both Diocesan and Pari$h level for maintaining the go(d governaDCC of the Church's Temporal Goods. It replaces all ptcTrious policy aDd guidance issued by the DI0e. As Bishop and Priests and oth¢r admillistrators of Pub]ic Juridic Perso, C8non Law entrnsts us with the good Stewardship of the Temporal Goods entrnst¢d to us. We do not do this aloDe but witb the People of God, some of whom take on the re5POtsSLbility of membership of FiDall¢e Committees of the Dio¢¢s¢. Parishtt and Public Juridic P¢r8ons within th¢ Dioccse. I thank all these d¢dicatcd people for their time, ellcrgy and assistance, Canon Law r¢quires every public jUTidic body to have a fmonce con)mittee bui leaves it to particular law to l¢gislate these committe¢$, tberefore I decr¢¢ that this do¢ument thx$ Particular Law of the Diocese of Motherwell. It is hoped that this do¢um¢nt is a living docun¢ttL alld over time sections will be cbanged to reflecr ¢utrenl pra¢lice and underst2nding. If vou have any suRgestions for tllls docutnent do not hesitate to ¢onract the Diocesan Fillatice Office. The Dioc¢sau Finance Offic¢ is also always ready to help any member of the clergy or rnembers of Parish Finance Committce8 in any way that th¢y call. l thxjjk the Financ¢ Office for tbeir COTLtinued dedicatioTL +Jos¢ph Toal Bisbop of Moth¢ell Following Conon 8 g2 ofthe Code ofcanon Law. 1983, thts document i¥promulgated on the Qth October 2925. by being emaEled to all Priests. Deaco, and PttrL¥h ofthe Diocese ofAlothenell, and by beingpubIhed on the Dioc&yan Website. It will ttzke effectfrom IstJGnuary 2020. Rev. James Aitken Chancellor and Notary Develo ments During the year we continued to invest in maintainillg the fabric of OUT 70 churches and parish houseg. Al 31st December 2025, there were 57 parishes ill the Diocese, ai a result of amalgdmations which have taken place oY¢r the last feB' years. The Bishop, assisted by his advisors, continues to look at how the needs of pArighioneTS are being meL Taking into collsiderdtion the condition of Ihe fabric of buildiugs, thc fin4nciLI secuTity of tbe parish and tbe number of regular attenders, difficult d¢cisions n]ay need to b¢ nwde about thc viability of churches or the need to amalgamate Parishes. Yovth Min15tr LAiurdes Pl1lage- & very succes8fiJl ptlgrimage with amund 40young adlllts attending. Relationships were built with the pilgrims and each othcr. They also Providcd entertainiiieEit for llights atld musi¢ ministy Lknxng Masses. There were 6 leaders and they thoroughly ¢Djoyed thc experience and praised the youngp¢opl¢ for thcir out8tanditig committnenL ¢fforts and representatiou of the Dii)cese. SalamancA retreat- Another 6UC¢¢8sfill Called. arid Gifted Forn]ation and Rctr¢at during the summer. Therc wer¢ ov¢r 20 people itt attendall¢¢, niostly above the age of 20 yurs old. Thos pilgrimage wa$ an inlellse formation and requir¢d & level of mahLrity aThd spiritsality. Thus, the retreat desiEtLed for a Slit[Y older Eroup Taor¢ like a retreat to allow the young adults to dccply discern their calling aud their cbarisms. On their rern they moved into ipplyitig their CF18M$ in their parish cnvironmenL Page 6
RC DIOCESE OF MOTHERWELL Report of the Trustees For tbe year ended 31 December 2025 Youth Mlnl Post summcr- Post Lourdes and Salaman¢4 some yowig peopl¢ have fOrnd themselves.into a Music Group and some have become active ill youth ministy in thtir parishes. They met in"Ortober for & mwi¢ practice and meeting to platt their eontribution to the Nation Family Conference and provide assistance wbere required. This specific group will al80 assist as an advisory group to help us plan th¢ next millg 5tep.$. for example. if they would like another pilgrimage in the ¢omillg year. l5k Mana ement ILIst risk mallagement can limit risk, it does Dot elimillate ti5E The Trnstees hav¢ assessed the major risks to which the charity is exposed, in parti¢ular those related to tht operation and finances of the charity and are s&tisfied that the systems iu pia¢e to nitigate exposure to thes¢ iisks are operattllg ¢ffethively. The Trustees are awaT¢ of the need to review. Wate and and documentpolicies, procedures and guidanc¢ to enabl¢ the efficient alld ¢ffe¢tive g0ven]ee of the Dioc&8e. The Trustees have est#bIished a folder which contains relevant policie8 and pmcedurcs and which are kept under revi¢w. Future Plllns and Develo ments Th¢ Dioccse continues lo promote the Gospel of Chris¢ in accordance wiib the tvdcbings of the Catholic Church, and to cw out the mission of the Church throughout the Diocese of Motherwell. This will k caThied out through th¢ continuation of curr¢nt activities and the developtD¢nt of furtherpions to enable the work of the Church to b¢ fulfille(L The Trustecs and their advisors continue to monttor the financial p051tion of th¢ Diocese to ensure that th¢ stewardship of resources and th¢ availabillty of fiinds to mect conunitm¢nts is managed for the l(Trng t¢rni welfare of th¢ Diocese. w.1St the Dio¢¢se,hos a large capitAI r¢quiremeni ov¢r the next few y¢ars. capitsl expenditure will continue to be limited for Lll projects except essential maintenan¢¢ and health and safety projects in litt¢ with our t¢n year plau. Llfeteen Day We have been hearing wonderful news about how well the Ignite club that Father Micha¢l Kane has been nmning in his pansh. In the same line, Father Stell8 parish has been nTnning Lif¢trcn and have fow)d it rcally beneficial amd so would like to offer a Lif¢t¢en Day where oihet parish adults workitig wilb slighdy young¢r groups such as primary 6n hool children or teenagers could come and benefit from learning about and to utilTse these resourc¢s. A Diocesan Lif¢t¢en subscription for tbe year could help get these parish Aroups stanJ up. Pro ect Wells Project Wellspring, a programme with sigllifiwjt focus on tbe pastornl actÈvities of parishes, continues to operate the Diocese. It has beeu tailored to meet the needs of iDdivithial parisbes. It has been notd that there has been a slit increase in the number oEtbos¢ attending Mass on a regular basis. Natiollal Schools Sln ramme The Dio¢¢se of.MoiheTwell continues to ttceive fimding from th¢ Hamish Ogston Foundation forwbich we are most ateful. The piogramme has b¢etL a great success with s¢v¢ll primary schools participatitig. Feedback from the schools has been very positiv¢. The children not only gain in stnging ability but klso in Confidence. Statement of Tru5tees' Res onslbllAtle$ The Trustees Are responsible for preparing th¢ Report of the Trustees and the financial statements in accord¢¢ with applicable law and United Kingdom Generally Accepted Accounting Prd¢tic¢. The law applicabl¢ to charities it) Scotland, the Charities ad Trnsiee Investmcnt (Scotland) Act 2005, the Cbartties Accounts (Scotland) Regulations 2006 (as amended) requires the TTUStee8 to prqTrarc financial statemenis for each financial yegr which give a trn¢ d fair view of th¢ Stat¢ of &ffairs Of th¢ Diocese and of the incoming resources and application of tesourccs, including th¢ incom¢ atsd ¢Kp¢nditure, of the Dioc&se of that perio P8ge 7
RC DIOCESE OF MOTHERWELL Report of the Trustees For the year ended 31 December 2025 St4tement of Trustee$l Res on81blIfties In preparing these financi&l statEm¢nts th¢ TnLstg arc required to: sel¢ct Suitable accounting policie8 and then apply them consislently: observe the methods and principles in the Charity SORP. make judgements and estimates that are reasonable and pruden State whether 8pplicable counting $talld8 have been follow subject to any lllaterial departteS and explainecl in the fanciAl statemeiits: preparc financial statements on th¢ going concern basis unless there Are indications to the contrary. The Trnst¢es are r¢spon6ible for keeping proper acwunting r¢¢oTds whicb disclose with Teasollable accuracy at any time th¢ fmancial ry)8ition of the chlty aud to ¢nable them to eJ)sure that the fllmicial statements coll]ply with the Ch&riti¢s and Trust¢e Investment (Scotialld) Act 2(K>5, the Charities Accounts (Scotlgnd) Regulations 26 (as amended) and the provisions of tbe Deed Df Declaration of Trnst. They ar¢ also responsible for safeguarding tbe assets of the Diocese and hence for taking reasonable steps for the prevention and detection of fraud and other irregulariti¢s. stitement 48 to disclosllre of information to auditors So far tts the Trust¢¢s are aware, there is llo rclcvant audit tllforntiOll of wbich the chan'ws auditors are uttaware, and eg4ch Tntee has taken a]1 steps that bc Ollgbt to have taken 2$ a Trustee in order to mak¢ himself aware of any r¢l¢vant audit infornMtion and to estsblish that the clMrtWs auditors are aware of thai )nfornlIll. This rcport was approved by th¢ Trustecs oll 13th May 2026 and signed on th¢irbehalf by.. Bishop Joseph Toal Trustce Father James Thomson Tn1¢¢ Father Raymond Breslin Trustee Page 8
Report ofthe Independent Alldltors to the Trurtees of the RC Dloeese of Motherwell Opfinlon We b8¢ audited the finan¢ial statements of the RC Dio¢e8e of Motherw¢ll for the yeor ended 31 Decemb¢r 2025 which comprisc the Ststemcnt of FinanciaI Activities. tbe Balan¢e SheeL the CLsh Flow Stst¢ment and notes to the financial 8tat¢ments, illcluding a s}rary of 5igtificant a¢couutmg policies. The fiJallcial'reporting framework that has been applied in their prq)aration 1$ wlicable charity law and Lnita KiIigdom Accounting Stsndards (United Klld0M Gener811y Accepted Accounting Practice). Jn our opinion thc fmancial statements: give a true and fair view of the 5tste of the c]witys affairs os at 31 Dec¢mb¢r 2025 alld of its incoming r¢sources and application of resoUe8 for th¢ v¢aT th¢ll ended: have been properly prepared in aC[danCe with United Kingdom Generally Accepted Accounting Pra¢ti¢e' and have been prepared in accordance with th¢ r¢quÈreroents of the Chatities and Tntte Investment (Scotiand) Act 2005 and regulation 8 of the Charities ACllts (Scotland) Regul.ations 2006., Basis for oplllio W¢ conducted our audil in accordance with International Standards on Auditing IUK) (ISAS (UK)) and applicabl¢ law. Our rcspon5ibilitie8 under those standar(Ls are further descnl)ed in the Auditors, re5ponsibilitie5 for the audit of ihe financial ststements sectioll of our report. W¢ ar¢ ind¢p¢nd¢nt of the charity in ac¢ordaDce the ethical requirements that are relevant to our audit of th¢ finaocial slatemettts in the LK including the FRC'S Ethi1 Standard, and we have fulfvlled our other ethical respoDsibi]ities iu accordance with the>C requiTements. We b¢liev¢ that the audit ¢vidence w¢ have obuin¢d is Sufficient and appropriate to provid¢ & basis for our opinio Collcluslons relatlng.,to golng Concerll tn auditing the financial statements, w¢ have concluded that the fJw4te, use of the going eoneern basis of a¢uMting in the preparalion of theljnancial ststernents is 4ppropriate. Bascd on the work we have perforni¢( w¢ have not idEntified any material ullcertainties Telating to events or conditions that indtvidually or collectively. may cast significant doubt on the charitys ability lo continue as a goillg concern for & period of at least twelve months from wben the fillaThcial stalements gr¢ 4uthori8ed for i88ue. Our responsibilities and the resEM)nsibilities of the trustees with r&spectlo going concern are described in the relev8mt s¢ctions of this rcport. other Inform&tlon Th¢ trust¢¢s are responsible for th¢ Dth¢r infomiatiOD. The other information coJnpriscs the iDforn]ation inGlud¢d in the annual r¢por¢ other than th¢ fmanctal 5tatemellts and our Report of the Jndepcndent Auditors th¢reon. Our opinion on the financial statements does not cover the other infornwtion an4 except to the extent otherwise explicitly stated ITh our report. we do not express aThy form of assurance conclLLsion thereon. In conneclion with our audit of the financial strdtements. our responsibility is to read the other illforn]ation in doing so, ¢vnsider wh¢th¢r th¢ otknei infoTmation is materially inconsistrnt with th6 fllwlcial 8tatements or our knowl¢dge obtsin¢d in the audit or otherwise appears to be matsrially misstated. If we identify such D]aterial inconsist¢tsri¢s or apparent llHterial misstatements. we are Tequired to dern)ine whether this gives rise to a rnatrr1 misstatement in the rinallcial 5tatement5 themselves. If, bas on th¢ work we have pCrforFne we con¢lude that there is a Material mi8ststsment of this Other infornli0ll. w¢ ar¢ required to rcport ttLat facL We have nothing to report in this Tegard. M?tter5 Ivhich Ive are required to report by exceptioll We have nothing to i'eport in respect of the following matters where the Cbarities Accounts (Scotland) Regulations 2006 (as amended) requires us to report to you if, in our opinion.. th¢ infomation Biven in th¢ Report of the Trnste¢s is inconsistent in any mat¢rial r¢sp¢ct with the financial staterneThts ', or proper &c¢ounting records have not b¢en ke. or the finan¢ial statements Are not in Agretm¢ut wilh the a¢wuntiDg records and r¢turns' or we hav¢ not received all the infonnation aDd explanatiODS we reqllire for our audit. Page 9
Report of tbe IndependeJ)t Auditors to the Trustees of the RC DAocese of Motbenveu Responsibilltles of tru5tee8 As explailled more fully in the Statemellt of Tnt¢¢5' ResL$ibilitIes, the trustees are responsible f(Trr tb¢ preparatioii of th¢ financial ststement5 and foI b¢ing satisfied tbat they give a tru¢ and fair view, aDd for such int¢rnul Control as the trustees detennine IS llr¢ess3ry to enable the preparation of fir)¢101 statements that 2re free from material mis$tatemell¢ whether due to fr8ud or error. Jn preparing the flnancial statements. th¢ tntee5 are TesEK>Dsible for a4sesstng the clwity's ability to contioue as a going collr¢nL di5cIo8ing, as appli¢able. lltten related to going concern and using th¢ going coneern basis of accounting unless the trnstees either intend to Iiquid8t¢ the clthrity or to ¢¢as¢ operations, or have no realistic alteTnattv¢ but to do so. Our respoD5ibilitles for the Audit of the Statements We bave becll appointed as audito under Se¢tioll 44{1)(c) of the Charities and TnLSte¢ Inveslment (ScOdd) Act 2005 and report ill a¢¢ordaDCC with the Act attd relevant reEulAtiolls mad¢ or haviDg effect thereuttder. Our objectiv¢s are to obtain r¢asonable assurdnce about whether ttle finatLCi8] slotem¢nts as a whole are free from MAtla1 misstatemen¢ wh¢th¢r due lo frdud or uror atLd to issue a Report of the Ind¢p¢ndent Au(titors that includes our opinion. Reasouable 8SSUTance is a bigb level of &4suraTh¢e. but it is not a guarantee that an audit cottducted in accordance with ISAS (UK) will Always detect a material nJbststem¢nt wh¢ll it ¢xists. Misstatements can arise from fraud or error and are ¢onsidered nJat¢rial if, individuallv or in th¢ agggr¢gat¢. they could reasonably be expccted to iLU¢ll¢e tbe economic decisions of users tskcn on the basi5 of these financial statements. The extent to which our pro¢¢duTes are capabl¢ ofdetcctitis irregu]arities, including frau4 is detailed b¢low'. We obtsin alld update our understanding of the entiry. ILS activities. tts Control environmenL and ]ikely tUre developments, including in relallon to the legal and r¢gulatory framework Applicable how the entity is complying with that frathewoTk. Based on this understrndiDg. w¢ identify and ass¢s$ th¢ risks of material misstatejnent of the finaJ)ctAI statements, whether due lo fraud or Tor, design and pOr audit procedures responsive to those risks, aud obtain audii evidence that is sufficient and appropriate to provide a bgsis for our opinion. This includes cojjsideration of the risk of acts by thc cntity tlTrAt wtr¢ colltrary to appli¢abl¢ jaws alld regulations illcluding fraud. response to the risk of irreEu]arities and uon-compiiance with laws and r¢guIation4 illcluding frau we designed pro¢edur¢s whicb included.. Enquiry of manag¢ment and tbose char(ved hith governattce around actual and potentiat litig&tioTh and clainLS as well as a¢tual, 8U5pect¢d and alleged fraud,. Assessing the extent of compliance th¢ laws and regulations considered to have a direct Materi effect on the fun¢Tl stat¢ments of tbe operations of th¢ entity. through enquiry and inspection,. Reviewitig fllwicial $tatem¥nt disclosur¢s and testing to 8UPPOrting documentsuon to assess compli&nce with appticable laws and regulations. Perforn]ing iudit work over tbe risk of maoagement bias alld overrAd¢ of ¢ontrols, includi]iE testing ofjourn entries and other adjustmcnts for appropriatcness. evaluatillE the business rationale of significt transactions outside thc normal ¢ourse of business and revi¢wing accountitsg estimates for indicator5 of potential bias. Because of the inherent limitations of an audit. there is a risk that we will not detect all irregularities, including tbose leading to a material misstatement in the f]nallcial statements or non-eompliance with regulation.This risk incteases the mor¢ that compliancc witb a law or regulation is removed from the events and tranwtion) reflected in the financial statements, as we will b¢ less likely to become aware of inytances of non-compliance. Th¢ risk olnot dctccting a material mi8sthtem¢nt resulting from fraud is higher than for one r¢sulting ftom ertor, a& fraud may involve collusion, foYg¢ry. intentional omissions, misrepresentstions, or the ovenide of illternal control. A further description of out responsibilities for tbe audit of the financial.statements is located on the Financial Rcporting Council's w¢b8ite at wNvw.frc.org.uWauditorsresponsibilitie5. This de5Gription fonns part of our R¢port of tb¢ Independ¢nt Auditors. Page 10
Rert of the Independent Audltor8 to the Trustees of the RC.Dlocese of Motherwell Use of our report This report 18 nthe solely to the charity's tru8t¢es. as a body, iti accordatLce with section"44 (1)(c) of the Clwities and Trustse Investsnent (Scotland) Act 2005 and rcgulation IO of the Charities Accounts (Scotland) Regulations 2006. Our audit workhas been undertaken so that migbt state to the charity's tsust¢¢s those matters we are requtred to state to them in an auditors'yeport and for no other puryose. To the fullest ext¢nt perniitted by law, we do not Accept or 88sume responsibility to wyone other than the cbaJity and.charitys trustees as a body. for our audit worl.. for this report, ot for the opinions w¢ bav¢ formed. WDM Associat&s (Statutory Audilors) . Chartered Accoulltts Eligibl¢ to act as an auditor in ternis of section 1212 of the compani Act 2006 Oakfield House 378 Brandon Street Motherwell MLI IXA Date,, 13th May 2026 Page 11
RC DIOCESE OF MOIHKRWELL St#tement of Flnanclfjl A¢tivltt¢s For the year ended 31 D¢tember 2025 atii Fujds P8Tochi Total Totsj Funds 3111212025 3111212024 T1 Restricted Fullds FuJds Notss tncomg #nd Endowments from.. DOtiOnS leg&ci¥ Other Irading activities Invrstmellts other 106203 106203 7,567,354 1?39293 312.894 19.600 7.673,557 1.939293 637.202 45,157 7,994.520 I,B35,465 579,314 33,138 79.695 25.557 244.500 113 324,3Q8 25.557 Totlll Incothe 211.455 244,51)0 456,Q68 9.839.141 10 295,209 10,442.437 ExpEndlture (bTL.' RJisin8 fuods C]witsble &ctivitie 777.055 8,086514 777.055 9.944.089 789268 10.936,964 1.857.575 1.8S7,575 Total espettdlturé 1.857575 1.857,575 8,863,569 10.721,144 11.726,232 Net kneomellexpelldytyrel and net movement ill fulld8 bofore and JDS8Qg InvestmeRt5 (l.646,120) 244,500 .113 (1,401,507) 975.572 1425,935} (1.283.7951 Netgainslllossesl on inwtsnettts 12 195,475 214241 409,716 409,716 498.121 Net In¢oD)eleKpeThdlture 1,450.645 458,741 113 15,572 16.219 785 674 Trlnsltrs bétweett fvrtd5 Leysnd Sp¢¢ial Colloclio]L8 Othcr (ransfers 18 19 J.811,688 48.674 {2445) (114.1861 1,811,688 (310.012) (1,8ll,688} 310,012 1,860,362 24JlX) 114 186) 1SOJ.676 IJOl,676 Othtr reeognlsed £00Ésj CainOllosses) on Kevaluation of fLxed ass¢t8 914,842 Net llbovemenÉ Ill fuBds 409.717 214241 (114,073) 509.885 (526,IIMI (16,219) L29.168 Recon¢511Atlob ofFund& Total FuDds brought fotW4Td 2,786.192 Q211552 499,985 9,498.729 22.309232 31,807.961 31,678,793 Totnl Fullds carrled forward 3,195,909 6.426.793 385912 10.008.614 21783,128 3L.791,742 31,807 961 Th¢ ttot¢s f(tmpart of these fitian¢ial 5tateo)ettts Page 12
RC DIOCESE OF MOTHERwLL Balance Sheet As at 31 December 2025 Curial Paro¢hial Total 31112f2025 3111212025 3111212025 Total 3111212024 Nots8 Flxed assets Tangible ass¢ts Investm¢nts 1,735,493 10,465.368 12,200,861 11,487.240 11,487,240 13222,733 10,465,368 23 688,101 13,333.521 12,056,858 25,390,379 12 Current ass¢t& Debtors Short teLin deposits Cash at bank and in hand 13 4.330.318 8.720.176 13.050.494 12,774,968 1.724,059 5,958,793 6 044,377 14,678.969 20.733J46 7.682,852 6,975,497 19,750.465 Liabllitle$ Credltors fallln% due wlthlu one year 14 539.344 3.361209 3,900,553 4,237,881 Net Current h55ets 5,515 033 11317 760 16.832,793 15,512 584 Totsl agsets lesy current liAbilitles 18.737,766 21,783,128 40.520,894 40,902.963 Liabllitles Amounts fall1g due after more 0e yr 15 (8.704.152) (8.704.152) (9,070,002) Provlsioll for llAbUlde$ ch*rges 16 (25.000) (25,000) {25,000) L¥et #$sets 10.008,614 21,783.128 31.79L,742 31,807,961 The funds of the ¢h&rity Unr¢8trictcd funds Revaluation reserve D¢signated fulldg Restricted funds 17 17 17 17 2.860.590 2,860,590 335,319 335,319 6.426.793 6,426,793 385,912 2L,783.128 22,169.040 2.443,736 342,456 6.212,552 22,809,217 10.008,614 21,783,128 31,791.742 31,807,961 Approved by the TTUStees on 13th May 2026 Bishop Joseph Ti>al Tru81ee Father James Thomson Trust¢e Fath¢r Raymond Bresli Th¢ notes forn) part of th¢se financt&l statemellts Page 13
RC DIOCESE OF MOTHERWELL StatetneLt of Cash Flows For the year ended 31 DecembeT 2025 Note 3111212025 3111212024 Net cash used in operatlng Actlvities Reconciliation of net incomelexpenditut¢ to net cash flow fro operating activities 21 Net movement in fimds Adjustments for: tnt¢resi received Dividends received Rent received Depreciation charge5 Gain on disposal of assets Net (gains)Ilosses on investments Decrease/{increas¢) in debtOTS (Decrease)lincr¢ase in Greditors (16,219) (785.674) (217,546) (194,165) (265,166) (261,893) {154.490) (123,256) 264,616 264,245 {248,756) (218,757) (409,716) (498,121) (275,526) 423,485 (703,178) (68.940) Net cash used In operating actmties 2,025 981 1,463.07 Cash flows from lllvestlng adivltie$ 22 Interest received Dividends received Rent received Payrllents to a¢quire fixed ass¢t investments P&ym¢nts to acquir¢ tangible fixed asset5 Receipts from salcs of tgible fixed assets 217.546 194,165 265.166 261,893 154,490 123,256 (20,666) (18.493) (lJ98} (13,553) 1,118,198 708,757 Net cash flows from iDve$ting actlvities 2,733,336 1256,025 Ch#ng¢s tn cash and cash equlvalents in the year 707,355 (207,051) Cash and cash equivalents brought forwanl 6,975,497 7,182,548 C*$h and cash equivalents carried torn#rd 23 7 682,8)2 6.975,497 The notes fonn part of these fm8ncial statements Page 14
RC DIOCESE OF VIOTHERWELL Notes to th¢ Financial Statements For th¢ year ended 31 Decernber 2025 l Accountlng Policles of prep&r8tion The finAnci& si8temenl$ have beenpr¢pared under the bistoric cost eoTrvention, with the ¢xception of some heritable property and illvestments which are included At frdir value. Th¢ fiDallci stathe4rts hav¢ b¢¢n prepared in accordan with the Charities SORP (FRS102)" A¢¢oullting atsd Reporting by charities: Statement of RecOnllll¢nd Practice applicable to charitie8 preparing their accounts it) Bccijrdance with the Fi]}cIal Reporting stalldard application in the UK and R¢publ:'c of Irelaud IFRS 1021 (effective l January 2019)". Fillancial Reporting Srandard FRS102 Thc Financial R¢portinB Standard applicable in tbe UK and R-publ&C Qi e[nd, Ihe Charities and Trye¢ [nveStsnt (SCotId) Act 2005 and tlke Charities Accounts (Scotlalld) RelIAtionS 2006 (as amended). The RC Diocese of fvtotherwell constitutes a public benefit d¢fmed by FBS Iff2. Going Concer Th¢ Trust¢¢s hav¢ reviewed the DioGese's annuol budget and plans And b2v¢ no reason to believe that a m8teriaI uneertainty exists thrtt tllAy ¢aSt siguificant doubt about th¢ abiiiry of the Diot&8e of Motherw¢ll to wntinue as a going concern. The Trustees believe there are adequaie r0reeS to contiDue in opetational exrstcnc¢ for the foreseeable future, being a p¢riod of12 months after the date of whicb the report and fiDancial statenwnts are sign¢d. Thus they ontinue to adopt the going Concern basis of accounting ID preparing the aDnual fiDaJJcial ststemetsts. Parlshes The parishes of the Diocese ore established and operate under th¢ Chur¢h'$ Code of Canon Law which confers on them separate C4Lnonical statU5. Parishes are now accounted for within rhe financi21 statrmcnts of th¢ Diocese, but their distinct canonical ststw explains the columnar approach taken iti these financial Stat¢ents alld the classification of parish $¢t8 ind liabilities as r¢stri¢ted fimd5. liThilst the parishes aCCQLmt for illcojne and expendintr¢ on a cash basiB. adjusttDents ate nTrde by the Diocese to incorporate accruajs and deferrals prior to inclusion ill the fJnaneia] stAt¢ma]ts of thc Dioccsc. TransactioDS beiween parishes &nd the Diocese are accounted for as tronsfers between fidS in the Statement of Financial Activities. These transactions Hre principally the annual a[[U1 levicd to cov¢r c¢ntral costs and amounts collected by parishes and p(d on intactto the Diocesc for suchpurposes as th¢ Trustr¢s p¢riodically nominE4te. Income TecogDition ID¢om¢ is rccognis¢d in th¢ y¢ar ill whiclt th¢ charity is cutitl¢d to receip( it is probable that the illcome will b¢ received aud the arlloullt be measured r¢15abty. Ile following Specific poIicies are applied to particular cltegories of ill¢omv'. Offertory Ineome, Speeial Couections #nd donatlons Offertory income, Spxial Coll¢ctiODS dollations arc cr¢dited to the Statemeot of Financial Activities in the year iti which they aT¢ rcceivable. Doat Eifts ill¢lud¢d the value to the ¢haTity wbere this can be quantified. The v¥lue of servi¢¢s provided byvolunte¢ts h25 not been includ in these accounts. Lega£le$ Lcgacics ar¢ crcdit¢d to thc St&t¢mcnt of Financial kntivitics oncc the charity I beeTr advised by the personal representativ¢ of an estate that paJTDent will made and the amount involv¢d ¢aD be qllantified. Grallts ar¢ credit¢d to tbe Sthtetnent of Finlltsoial Activities in the yw in whicb Ibcy arc rcceiv8ble. Investment Income Dividends #nd oth¢r investtn¢nt income kr¢ recognised when w¢ivable. Int¢rest Oll fill8 h¢ld on d¢po$it is itt¢luded wherj receiv&bl¢ 8nd the amouttt Can be medsllred reliably by the charity, tbis is norrnally upoll notific8tiotL of thc interest paid or payable by the banL Dividends are ognised once the diTridend kas been declared and notific*tLOII received of the dividend due. This is normally upon notification b}. our inYesLment advisor of the dilidend Jryeld of the investment portfolio8. Expenditure regnition Bxpenditure is TglS¢d on accnwl b88iS as A liability is incurro]. Bxpenditure include5 any VAT whioh c8mlQt be fully recovered tttKI is reported 88 part of tbe expeudittwe to wbich itrelates. Pag¢ 15
RC DIOCESE OF MOTHERWELL Notes to the FInao¢lAI Statements For tbe ytar ended 31 Decembtr 21125 l Accounting policl AlloeAdon of 511PPOrt and governHnee costs Support and gov¢rnaDce costs r¢l&ting to charitable activities have been all(wited allng Di0¢¢8an, Nationwl wnd Parochial &ctivffitics, Governan¢e ¢08ts are 8ll¢xatcd by tÉme 8P¢nt. Th¢ apportii)tllll£nt 15 in note 7. Co$ts of ralslJ)g funds Costs of rai$tttg funds CODSiSt of thos¢ a&8ociAted with genrrdting Éncome. Charitsble activlti Charitabl¢ &Gtivitscs in¢lllded expenditur¢ 8850ciated with m¢eting the Diocese's prin)8ry objectives and inelude botb the direct costs and the support ¢O$ts relattn8 ty those activities. Tangible fjxed assets Heri¢abl¢ properties aT¢ initially recognised at cost and syb5¢qaently measured at their fatr value at th¢ balance sheet date. Propcrties &r¢ rev&llled by PTof¢ssional exlemal advis¢rs every 5 years. The W[pleS or deficits on revaluation are tratsgf¢rred to the releIt fimd to vhjich the asscts retate. namely desikmated, r¢$tricted or unrestii¢t¢d. Depreclitlon Depreciation is pIovide41 at the followingAnnual rates ID ord¢r to write off &8set ov¢r its e5timateduseful lif¢.' 20/0 straight fine 2/0- 330h $traigbt Jine 251Tr/0 rcdvcing bslance Herttsbl¢ prop¢rty Furniture, fittillgs alld equipment Motor vehicles Investments Listed investettts &re a forTll of basic fwall¢ial iDsttimieDt and 8r¢ iDIttBllyrecog1sed &t their transaction value and subsequently measur¢d at tbeir fait valu¢ &t the balance 5h¢¢t dat¢ the closing quoted n]arket priee. Th¢ Statement of FIretaI Activities includes Ébe ll¢t gains and losw arising on revahtion and dispo8ats throughout tb¢ year. The investtnent in the Catholi¢ Nitiottal Endowment Trnst 4 is included on the balan¢e 5hEet at the Yalue of the Diocese's share of lh¢ r¢sen'es ofthat investtnent at thc balance sbeet dat& Unli$1 inv¢sttnents are included On tbe balance sheet ai ¢osi less in]pairrnent. Debtors Tradc 2nd other debtors ar¢ recognised li the sett]ement WDouui due. epaYMents are valued at th¢ amouDt prcpaid n¢t of ally discounts due. C8sh gt bAnk and in band Cash Bt bank and cash inhand includ¢s c&8h and short term higbly liquid investments with 4 short maturity of three -nino of th¢ deposit or srmi18r account. tnonths or less from the date of acquisition or oD- Creditors creditors ue reco8Dised where the clwity 1 & pre8e])t obltEation resultillg from a past ¢Yent that will probably result in the transfer of fjmts io a thiId party alld the arnount du¢ to seule the obh'gation c4n be jneaawed or estimat¢d reliably. Creditors are nonll8lly rteognised at their S¢ttlet amowtt aft¢r allowing for aDy discounts due. Realised gAin$ losse5 All gains and losses are takeD to the Ststement of Financlai Activities as th¢y ari8¢. Realised gains and losses on investments arc calculatl as thE difference b¢tw¢¢u $e5 pmceeds and their Oll]ng canying value OT pubas¢ value of aCqUiTed subsequent to the fjrst day of thc financial year. L'nTealised gains and Iossc5 are calculatcd as tbe differen¢e between ihe fair value at the year end and their carryiDg value. Re81ised.and unreahsed illvuttllent gdins aDd losscs are eombined ID the Stst¢wcnt of FEnaneial Activities. Pensions The Dioce$e operntcs a defilled contribution pension scheme. The 45s¢ts ofth¢ S¢hell are b¢ld %par&tely frojn those of the Dio¢¢se, being iDvegted with insurallc¢ ¢ornp2nies. Ptnsian costs charged iti the Statemetsts of Financial Activities Tepresent the contributions plyable by the DIoCe in thc year. Page 16
RC DIOCESE OF MOTHERIryEtL Notss to the Flnanclal Statements Vor the yeAr ended 31 December 2025 l Accoulltfittg polieles Fund A¢couDtithg Unrestri¢ted g¢neral fimds are those which ate available for us¢ at the 4i8cretioJL of the tristees in furthcrance of the Dbjects of tbe eh&rity. Designated are finds set asidc by the TnteeS out of uJtrstricte(l fi9 for specific fikn purposes or prOJts. Restricted funds are futxls which are to b¢ uscd in acrdanCe with th¢ spxifi¢ StrICtl05 imposed by donors OI which bgve been raised bythe charity for 8 pÈrti¢ular puryosc. Full details of the fvnds are in¢luded in Dote 17 to the financial'stAt¢w¢uts. 2 Income from donAtlon8 and leg4cles ial Curt P8rochiaJ Restri¢t¢d Lnrestricted Restri=ted Funds Funds TotsI 2025 Total 2024 Offerings Gift Aid Scbeme repayments Special ColleetLons Legacies Other donations Votive candles Grants received 5,224211 812,140 696,691 60,625 467,553 275,888 30,246 5,224,211 813,289 696,691 60.625 572,607 275,888 30.246 5.058,709 775,140 649,288 547,777 585,313 296,557 81,736 1.149 105,054 106.203 7,567,354 7.673 557 7,994 520 3 Income from other trAding activitles Patochial unwI¢led Restricted Fun Futs(ts Tothl 2025 Totsl 2024 Hall itictsm¢ St1 Genernl thndraisiug 1,227,799 239,263 47L231 1.227,799 239,263 472,231 1939 293 1,246,413 206,872 382,180 1939,293 1,835,465 4 lllcome from knvestmellts Curi Curial C1 RTl¢t Unre$trict¢d D1llated Funds Funds Funds Parocbial Restricted Total 2025 Tots] 2024 Rent received tnterest r¢ceived Divid¢iids r¢c¢iY¢d CNET4 divid¢nd 16J12 42,717 20.666 138,178 174,716 154,490 217.546 20,666 244,500 123,256 194,165 18,493 243,400 579314 113 244,500 113 244,SIM) 637,202 Page 17
RC DIOCESE OF MOTHERWELL Notes to ¢h¢ FlnAnclAI StstemeDts For tkne ye4r ended 31 Deeelnber 2025 5 Other Income Curial Parochial Ljjrestricted Restricted FuDds Total 2025 Totsl 2024 Religious education (lther income 25.557 6,612 12,988 32,169 12,988 19.471 13,667 25,557 45,157 6 Ixpenditsre on ra15ing funds Parochial L'nrestricie4J Restricted Funds Fwjds TotAI 2025 Total 2024 Hall expenditure Staff costs Stall General fulldraising ¢osts 396,778 156220 148,905 75.152 777,055 396,778 156,220 148,905 75,152 777 055 408,762 149.729 178,535 52.242 789 268 7 Expendlture on Charttsble Activlttes National Acfivities Paro¢hi81 Activities TotaI 2025 Total 2024 Acttvities Education fortlltstion Seminori¢s and Pem)an¢nt Diaconate Pastoral serrices Retired priests Spccial Collection5 Special CE SafeguaTding Staff cost8 Property costs Poor Clare proj¢ct Computer costs L)wreciatio IGaiD)Aoss on disposal of assets Admillistratio Catholic Diocese Healthcare Trust National singing prograrThme costs Pl1LMageS Prof¢ssional fees Auditor's r¢muner&tion Donation$ Retumed dollation Knigbts of St Columba Otber 127,193 75.062 54.032 181225 75,062 880,901 139,329 551,891 79,869 50,194 ,068,638 5,064,831 118,576 21J39 264,616 (248,756) 843,406 35,805 1,503 120,016 137,462 159,508 144,030 831,746 175,321 536,418 99,271 52,776 1,078,131 6.036,070 325,024 26,382 264,245 (218,757) 844.781 29,760 159.135 721.766 139,329 196.709 355,182 79,869 50.194 425,265 64,085 118,576 21,339 42279 643,373 5,000.746 222.337 (248.756) 769,861 73.545 35,$05 86250 75,141 20,784 20,800 33.766 62.321 12,804 149.189 162,338 147,555 44,799 110,280 34224 158,639 169,989 162,338 192,267 44,712 203,198 1,501,731 355,844 8,086.5 14 9,944,089 10936,964 Page 18
RC DIOCKSE OF MOTHERWELL Nol¢$ to the FinAlleixI Statements For the ye4r ended 31 D¢¢ember 2025 8 ADAly$i$ of Start C08ts And Remulleratson of K¢y MRn*zement PeTsoiinel 2025 2024 Curial Salaries and wages So¢iAI s¢writy $ts PeThSion.sts 471.226 49,192 28,578 548,996 799,593 475,271 39,709 27,664 542,644 Wages and salaries- PATi8he$ 81M.383 1347 027 The av¢rage mOnY llumb¢rof employrts during th¢ y¢ar iS 129 141 The above nurnbers include lay people, piie5ts and religiou8 Sisters. Priests perform administrative duties for the Diocese do not receiye Temunerdtion foI their services. The Charity considers its key managemellt personnel comprise5 the TnLStees. Remuneration of th¢ Ttwtees is det&iled in note 9 to the financial strdtements. The nunther of employee4 whose employee b¢Defits {excluding ¢nwloyer pension costs) exceeded £60,000 was,. 2025 2024 £60,001-£70,QOO £70,001-£80,000 9 RemunerAtioll ofTrugtees The three Trustees of th¢ Diocese recetve no remuller4tioTh for th¢tr as Tntr5. AJI of the Trustees 8re clergy of the Diocese and, as such, are housed. TemunETat¢d alld ]MbU[SCd ¢Xp¢n& for carying out th¢ir D]iuistry" in the same way as other priests of the Diocese. iu accordan with the codt of C&D(m Law. Th¢ ChltieS and TrLJSt¢¢ Invebtn]ent (Scotland) Act 2005 aDd The ClJariti¢s kncounts (Scotland) Regu]Ations 2006 require diselosure of remuneration expenses paid lo Tnte¢S ÉD Trth&t¢vcr c&pa¢ity. The total r¢mun¢rntion paid tr) th¢ Trusl¢¢s OUnt to £Nil (2024.. £Nil) and tbe totaI costs of a£coD)tnodation and reiD]bursemcnt of ¢xp¢nsu ollILtcd to £55.544 {2024.. £55,378). The Diocese h8 insurJn¢e to proteth th¢ Diocese from loss arising fro lleglect or default of its TTUStees insurance to indtrmllify thc TTUSte¢s against COD5eqllences of neglect or default on their parL 10 Audfitor'5 remuDeratloD The auditor's r¢muTLcration constituted audit (c of £33,588 (2024- £34,224) and additio[[ accountancy work of £13.356 (2024-£12.714). Page 19
RC DIOCESL OF MOTHERWELL Notes to the Flnallclal Stxtements For the yeAr ellded 31 Deeember 2025 11 TAttglble Fixed Assets CuriaI Parochial Furnitur4 Furnit[¢, H¢ritable Property fiYÉDgs, vehicles fillings & Parocbial & equiptnent motor vehicles Total C05t or VAlu*tlon At l January 2025 Addiiions Disposals Revaluation 1,831.400 11,999.842 136,774 1,398 18,126 13,986,142 1,398 (891.842) {891.842) At 31 Decemb¢r 2025 1,831.400 11108 1)(K> 138.172 18.126 13 095,698 Depredatlon At l Januery 2025 Provision On di8POBal At 31 Dw¢tLther 2025 73.256 36.628 443,4(K) 222.160 {22,400) 643.160 118,544 5,651 17,421 177 652,621 264,616 {22,400) 894,837 109,884 124 l95 Net Book VAlue At 31 Deeembu 2025 1.721 $16 10,464,840 528 12 200 $61 At 31 Decemb¢r 2024 1,758,144 11,556 442 705 13 33,521 DM Hall LLP, Chartered Surveyors Were appoiDted to perfornivaluations of relevant diocesan and parochial properties and sites for th¢ year ended 51 DecembeJ 2022. DM Hal] gre independeut quaLifi¢d surveyols and thts is tbeir secowl tenn of 4ppointtnent. The total f¢es paid by tbe Dioc&se in respect of the valu8tton work are D]ininl in tern of the oveIall turnover of DM Hall LLP. Th¢ b&8is for all valuation is fairvalue as per. V4IuAtion Practice Statement 4.1 of thc RCIS Valuation- ProfcssioAal Standards, updated and published January 2023 Blld as described by th¢ Int¢rnatioDtl vallOn Stalld&rds. ttL deterniining the fair value of each of th¢ properties and site4 the 'eoTllPArative' principle" of valuation ntrthodology was adoptal. The date of valtiOn is 318t December 2022. All diocesan properties and sit¢s were ittcluded in the v8honbut only llDn-adjoined parochiai properties, rxcluditig hurcSes' i.e. pari8h ha115, presbyteries and othcr parochial properties not phYsIllY join¢d to eadj other or the church, wer6 included, together parish sit¢s. The heritable propErty figu$ stated above for cost or v&lll8tion include land and hcritable propeity as follows." 2025 2024 At valu8tion- Curial propertie8 1.721,516 1,758,144 At cost- Par11121 properties At valuation- Paro¢hiAI properties 10,464,840 12,186 356 11,556,442 13 314 586 If certain fixed assets b¢longiug to the Curial Office bad ttol beett revalued tbey would have b¢¢n irtcluded on the historical Cost basis at th¢ following amounts.. 2025 2024 Cost Accumulated d¢prectation 1,867,835 (502,516) 1,867,835 (465.162) 1,365,319 1402,673 The above cost figllre.$ do not include the cost of parisb properties as these are uAkuown. Page 20
RC DIOCESE OF MOTHERWELL Not¢s to the FlnAn¢ial StAtemeJ]ts For the year eud¢d 31 De¢¢ttther 21125 12 Ffixed Asset Investments 2025 2024 Valuatlon At l January 2Q25 lThvested during the year C8pitsI withdrawll during the year Surplusl(Defi¢it) oll revaluation At 31 December 2025 12.056,858 20,666 (I,000,ooo> 409,716 11.540,244 18,493 498,121 11,487,240 I2 056 858 Cost at 31 December 2025 6 789,964 6.789,964 The above total is repr&sented by. 2025 2024 Listed investtnents Catholic National Endowment Trust 4 Unlisted inve8tmellts 434,301 11.048,939 4.000 405,577 11.647,281 4.000 11,487.24D 12,056,858 Th¢ above assets are split between UK and non-UK iave5ts)Mit asyets as folloiv8'. 2025 2024 Investment 88sets inside the UK Investsnent assets outside the UK 11,487,420 12,056,858 11,48 1,420 12,056,858 All invcstmcnts ar¢ ¢aEried 8t their fair value. The listed investm¢Dts ¢onsist of equities trnded in quotedpublic rnarkets, primarily the tA)rLdon Stook Exehange and boldirt in c¢)mmD investment fimd& UDit thists aDd open-¢nd¢d inv¢stment compani¢s. Thr ljoldings in common investment fdnds, unit Intytg and opcn-¢nd¢d ithvestment eomp2ni¢s gr¢ at th¢ bid pric¢. Th¢ basis of fair value for quoted inyesknents is cquiv41¢nt to mark¢t using the bid price. The CatboLic National Endovrnient Tn& 4 is an uoligt¢d Unit trust which holds its fjjllds in irLVCStm¢nts ii51ed on a r¢co8nisEd stock exchang¢. At 31 December 2025 the Diocese of.MotherweU bad OWDership of 42.150/0 of the totat fund (2024.. 44.140/0). The cost of these inyestsnents at 31 Decetnber 202S was £5,445,392 (31 December 2024.. £6.445.392). This inv¢stwent 1$ r¢p&yabl¢ on dettid. The investment has been uJad¢ prin-ipally to provide for the care of sick and relired priests in th¢ fvturt. Jlthough this remains at the di5cretiOll of thc Tn5 of thE Dioeese of Moth¢rwcll. 13 Debtors Total 2025 Total 2024 Curi Parocbial Pr¢payments &lld accrued incott Pari$h loans Due by Curial Office 1.340.153 2.990.165 16,024 1.356,177 2,990.165 8,704.152 455,319 5,249,647 9,010,002 8,704,152 4330318 8720,176 13,050,494 12774968 Th¢ due by the parishes ar¢ largely xti cole¢t10n vhitb parisb dev¢lopnKnts. Due to the necessty to showp4rochia] and d1clan ets and litibilitses separately. the amount stated abov¢ as a diocesan debtor is also included L8 a paro¢hial creditor iu note 13 wui viee vm for ants by th¢ Diw¢sc to th parishts (see rt0 14). Page 21
RC DIOCESE OF MOTHERWELL Notes to the FinaD¢i81 Statements For the yeAr ended JI December 2025 14 Creditors falUnE due wltldll otte year Totsl 2025 Total 2024 Parochial Ac¢rual$ Parish lo9 Taxation and soci81 seeurity Other ¢r¢ditors 492.892 371,044 2,990.165 863.936 2,990.165 18.430 28,022 943,672 3,249,647 15,740 28.822 18,430 28,022 539,344 3,361,209 3 900 55J 4.227,8R I 15 Creditors falllDg due &ftsr more than one ve To¢&1 2D25 Total 2024 Curi Parla1 Par0clh tnvesttnent Fut Pastoral Aid Fund 8.447.922 256,230 8,447.922 256,230 8.57A,751 498,251 8.704,152 8 704,152 9,070 002 The P0chIdI Investment Fund rep[ellts 11¢5 dcposited wftth the Diocese by the parisbes. Investinu pari5h¢s rcceive interest at a rate of1.50A. Loans (See note 13) mhde aNailable at a low interest rate to parishcs wishing to embark on major bLLildAng or repair work. The renJaillKng finds are invested centrallyby the Diocese. Th¢ P&stottl Aid Fuud represents n]olli¢s d¢posited wttb the Dioc¢s¢ byth¢ parishes to meet50LII¢ Df the income needs of pAriybes in poo arw. Illvesting P8Ti5h¢s receiye ittterest it a rdte of1.50/.. The DicKese invests Ihe total fijnd eentrally th¢ surpluses created 8ff distributed to needy parishes. 16 Provlslon for Jlgbilitiu and ctsargeg 2025 2024 Proyisiorn for sensitive clain 25,000 25,000 Potential claims have been llkid¢ against the Diocese relating to alleged abuse. Althou th¢r¢ is inswance cover in place, WAY dan]ages or costs in ex¢¢ss of the policy lintwill necd to be met b> the Dioce8e. Based on discussion5 Math the charitys itw]r¢tE, proYi8ion for £25.000 bas been made to rnt thcse cla1t. 17 AnAlysis of charltable fund$ (4) Curiil Unrestricted FuDd5 Revalu&tionl Ai l Jaouary Ineoming RfsouTces Initestmet>t 2025 ROurCeS EXpded Ga],005st$) Transfers At 31 Decemb¢r 2025 General Fund Rev21uation reserve . 2,443.730 342,456 2,786,192 211.455 (1,857,575) 195.475 1,867,499 (7,137) 1,860 362 2.860,590 335,319 3 195 909 Unrestrioted fill5 211455 11857575 195 475 De5criptioA of Fundi The general fund is the surplus of gen¢ral Incon over gcncrdl exp¢nditure and is available for any of th¢ pury)tsse$ o". the charity. Thc revaluation reserve represents the incTease or dreasE ITh Vtse of the eurial properties. The prop¢rtics e professionalty valued every five years. Page 22
RC DIOCESE OF MOTHERWELL Note$ to the Fin&neial Statements For tlie yeAr ended 31 December 2025 17 Analysls of charftsble Iunds (b) Curi41 Designated FuDds At l January In¢otnillg' R&rC¢S Inves¢ment 2025 Resources Expeniicd Gainsl(Losses) Transf6rs At 31 December 2025 CNET 4 6,212 552 214241 6.426 793 Descrlptlon of Funds Desi£nated Fullds are monies set asid¢ by the Trustees for aparticular purposè. CNEf4- A5 described in note 12, this fund 5¢t up prill¢ipally to prfjvide for the ¢are of sick aud rellred priests ill th¢ futur¢, atthoug:i this rcmain5 at th- discretion of the Tnw¢¢o of the Diocese of Mothenvell. The.fjJud 15 rq)resent¢d by illv&¥trnent Ttt property a1 sbare portfolios. (¢) Cnri*l Restricted Funds At l Jauuary 2025 Inconiing Resources Resources InY¢sLCnt Expeuded tA)sses At 31 Decembcr 2025 T[sferS St PatricEs LeTry fid Cathedral organ fijlld 489,651 10,334 (l E4,186) 375,465 10,447 113 (114.1 385 912 De$¢riptlon of Restricted funds can only be used for parti¢ulaT rrIcted purposes Within the objects of the eharity. Restrictions arise when specified by the donor or when fimds are ratsed for partieular restricted purposes. The St Patrick's .¥Y fid set up by the parish of St Patricvs. Coatbridg¢ to SIStaY P8ri8h¢s uperi¢nctng dItTiculti in paying th¢ir l¢Try ovcr thc t few ycars. The Cathedral Orgall fund been setup for the nitellInGe awl upkc¢p ofthc c4th¢dral organ. (d) Parlsh Restrteted Funds At l January IDcomitig 2025 ResowKs EKp¢nded At 31 Deoemb¢r 2025 Trdnsfers Parochial restricted fidS 22 309,232 9 839.141 (8.863,£69 1501,67 21783,128 Description of The parishes of the Dioces- of Motherwell are estsblished and operate under the Code of CallDn IAwof the RollwL Catholir Chur¢h wbich gives them separate cattonical StaS. Therefore each parish hhs been treated as a separate r¢8tri¢Éed fid within th&8e fioancial statements. The parish fimds are ad1n15ttTtd by the parish priestswith guidau¢e from th¢ Curial Office, and are used to further the wotk of the Chts itt lo¢ 8reL8 and tr> 8pOrt the work of the Cwi&. Page 23
RC DIOCESE OF MOTHERWELL Notes to the FlnAncial Ststements For tbe year ended 31 December 2025 18 Tran5fer$ betweeD Fund$- IAVY *nd Speelal Colle¢tioD$ The trsfer of funds of Levy Bnd Speci81 Collcctions fromparishes to the Diocese compis¢d the followillg: 2025 2024 Levy 1,496 044 1,476.103 Special Colle¢tLons: Communications Day for Life St Margaret's Children 8nd Faulily Care Justiee arLd Feace Holy Placeg Pet¢es Pence Lenten Appe Ecclesiastical Studettts, Fund Swdentsiretired pri¢$ts btsxes Catholic Edue&tioD Cornmission 31,196 28,826 19,455 34,239 45,364 37,250 45,432 38,777 27,199 30,626 17,014 34,227 43,341 34,488 44,448 36,483 40 33,597 35,105 315.644 l 811,688 301,463 1,777 566 Total 19 Other tron$fers between fllllds Other transfrrs from the paTi5hcs to the Diocw¢ wer¢ 2$ follows: 2025 2024 Parish lo&n itiierest Maintcnallce costs 17,590 579 14,591 540 Transfers from the Dioca8e to the parishe5 wcrc as follows: 2025 2024 Parochial Investment Fund illteEest Pastoral Aid Fund interest Clergy accomrllodation lOWancl Spred rent Poor Clare's rcnt Fontes Magazine contribution PAF dOtiOnS St Patrick's levy fLU 126,739 5,996 55,460 9,000 16,8(10 98,842 7.030 49,522 7,000 9,516 5,000 128,562 114,186 328 181 30i,472 TotAi 310 012 290 341 20 Analysls of Net Assets betweert Funds Unrestricted Funds R¥tricted Funds Designated Funds Tangible ed asscts. Investrnents Cash at bank and ill halld Other tjct current assets/lliabilities) 1.735.493 5,060,447 1738,147 (4,938,178} 3 195 909 22,169,040 10,465,368 6,426,793 6,344.705 5.358,967 6,426,793 Page 24
RC DIOCESE OF moTHRWELL Notes to the Financial Statelnents For the year ended JI Deceer 2025 21 Re¢onciliatloll of net move]nellt In fllrtds to.net cssb liows from operattng aetlvities Total 2025 Total 2024 Curial.. .P#nKhi8]' Net movement in fid8 Adjustments for.. Interest reeeived Dividends re¢¢ived Rent received Deprecif4tion chLg¢S Provision for sensitr.ve claim5 (Gainllios5 on disposAI of a&s¢ts Net gains on itivestmerlts Decre&4e in debtors (De¢re&se)Iltt¢r¢as¢ in crcditors (99E.791) 975.572 (16,219) (785.674) (42,830) (265,166) {16.312) 42279 (174,710 (217.546) {265,16 (154,490) 264.616 (194,165) (261,893) (123,256) 264,245 {138.178) 222,337 (248,756) (248,7561 {409.716) (275,526) (703,178) {218,757) (498,121) 423,485 168,9401 (409,7L6) {662.020) (41.568). 386.494 .{661,610) Net cA$b used operating activltleg 2,387.124 361143 2,025 981 1463 076 22 Cash flow$ from inYe3tlng activitlej Total 2025 Total 2024 Curial Parochial Interest received DIvidd5 ]V¢a R¢nt r¢cetv¢d Paiinents to 8CqUiT¢ fixed asset iovestll*nts PaJTrents to acquite t&ble fixed a58¢15 Recetpts frotn sales of tangible fixed assets 42.830 265,166 16,312 (20.666) (l J98) 174.716 217.546 265.166 154,490 (20,666) (1,398) 1,118,198 194.165 261.893 123,256 (18,493) (13,553) 708,757 138.178 1,118.198 02244 1,431,092 2,733 336 1256,025 23 AnAlysl8 of cagb and eash equfvxients At l January 2025 At 31 Decea]ber 2025 Flows Curial Funds Cash at bank Bank overdrali8 1.307263 416,796 1,724,059 1,307263 416,796 1.724 059 P#rothial Fulld$ Cash at ba]Jk 5,668,234 290.559 5,958,793 TotAI Fund$ 6.975,497 707,355 7 682 852 24 Pensions The Diocese op¢ratcs defined wlltribution schullcs for the benefji of CIll Curi81 Office employees. Th¢ assets of the scheme are administered by tSte in funds indep¢lld¢nt from those of the Dio¢ese, 25 Cspltal Commitments There wer¢ no wiprovid¢d ¢apital coromitumts at 31 De¢ember 2025 or 31 Dettmber 2024. Page 25