REGISfERED COMPANY NUMBER: SC283086 (Scotland) REGisfERED CHARrrY NUMBER: 014858 Audited FinAneial Statements ror the Yegr Ended 31 December 2025 for r*llSSIO SCOTLAND
MISSIO SCOTLAND Contents of the Fin&ncial St&t¢ments for the Year Ellded 31 December 2025 P4ge Report of the Trustees Report of the In(tependent Auditors 10 to 13 Statement of FIAaneixl Activities 14 Balanee Sbeet 15 Ca$h Flow Statement 16 Notes to the CA$h Flow Statement 17 Tr4otes to the FiRancial Statements 18 to 27
IsSIo SCOTL4ND
Report of the Ti'u$tÈes
for the Yr Ended 31 December 2025
The trustees wlio are also dirertots of the chaTtty for the purposes of the Companies A¢t 2006. present tl:eu' repoit with
the fiThan¢ial staten]ents of the charity for die year ended 31 December 2025. The trllSt b8ve adopted the provisions of
Accollnting and Repo..ling by Charities." ststeent of Rec4)mtllellded pctice applicable to Gh
MISSIO SCOTLAND Repoit of the Trnstees for the Yexr Ei nded 31 December 2025 STUTEGIC RKPORT Acliievements And performArtce Thc activities of the CILarity haye three functions'.- l. The AnitDation of the CjnbtrS of the Catholic Church in Scotland parti¢utarly in relatio to thc Church's mi5sion8ry duty. 2. The Collection of fid2 for the support of the Churth's nllssioJJary tle8vOurs. 3. The fosterillg of prayer for the work of the Church and for those in need or distress. Th¢s¢ functiotJ5 are Garried out iu Ielation to the specific sectors of the Churth's life entrusted to the four societies. A, Soeiety for the PropagAtion of the Faitlj. The irjissioii £JJtrusttd to this Society llja), briefly be $tated as, to foster itrterest in universal evangelisation among all sectors of tlie People of God, and to promote Spiritu alld Jnateriat aid amoJJg lotaj Churdies.The prir.¢ipal tAS of achieving tbi5 tail i% throllgh the direction of the paro¢hiaI activities during the inonth of October and in i)articular on the peniiliin)ate Sund8y of that month ktM)wn as Mission Suoday.The Society supplied ScriptL]ra] and Liturgic8J resou¢$ to ¢v¢ry CLihDlir Par(sh in SGotlalld as well to other religious iustitlrtions. Achievement atld pei'forllLaDce Fuuds donated in 2025 totalled £136,=48. The fiu]ds raised in 2025 will b¢ distributed in 2026 from thr grdnt applications approved by the Superior Couneii IJJ Nla}'_ The assistance given for prOjts aDd support during 2025 is refle¢t¢d in the following financia] statetnents. Fullds rdised were selltto projects in Bangladesh alld Indonesia. These itscluded the followillg.. Bangl8desh: Subsidy io help the Diocese ofRajshahi.' £20,673. Subsidy to help the Dio¢oq¢ of Sylhet and sujport of catcchi%ts= £36,192. Extension of Sm4 nvent at Inkbipur. £12,589. Construction of a chapcl with a mllltipurpose hall at Nihar Punjee UDder Sree]nat]8aI parish- £14,162. Construction of a chapel at Nunchora Punjet under Lokhipur parish.. £19.670. IDdonesis Subsidy to help tlie DioG¢se of'fanjuDgkarang.' £981. Other: Fees for gIlldltS in Romatt colleges.. £23.589. Sccretariat costs= £8,49 B. Society of St. Peier the AposdL Thig tiiiaoct£ the Education of j'oung traintng for the priesthood aod the formation of young W0Cn who havc entsred religious life. Funds come from appeals in pari51Le> it) Scottatld but dLe Jn&jority of money i5 given by illdEvidual donors alld groups. AelJiev¢ment gnd perfoi'mance 2025 the iotat rullds dollated alltrd to £31,465. This was all donated to St Pau]'s Major Semillary, I,'ort Portal, Uganda. C. Society of the Holy Childhood. In S¢otlahld th¢ Society of Missionary Children is better knosyn &$ the Holy [1dl)0d iod the fvnds for its work are rajsed by the chii<trell attending C&thoEic primary schools throughout the country as wtll a5 individual danoTS.
MISSIO SCOTLAND Report of the Trustees for the YeAR' Ended 31 Decell]beT 2025 AttiievettteJIt perforinance In 2025, fullds donated amollnted to £42,992. sent to Ke a]]d Ba[desb below.. Kenya Subsidy for the Diocese of Bungoll.. £6,294. Contribution to OiirLady of Peace School, Chebukak& £9.442. Subsidy for the Diocetie of G&"IS £3260. Colltribuiioii io Mission Rehab Centre. Wajir cOlty.. £3.934. ContributÈon to Sister5 of St Joseph HO Angels Priniary School, Hol& £1.180. Contribution to St Jude Academy. Gl$s8.. £3.147. Bangl4desh CoiitribLtion to St T¢r¢sa & Bl MoreauHostels. SteeungaI. £6294. Contribution to St Andrew & Blessed IEotte Hostel, Aliach¢rra= £3,934. Contribution to Diocese of SYet hedthcare forpoor ehildren £5,507. D. Pontifieal flis5ionary Union. TlTre niissioll entsted to tbis society may briefly be stth &s. to foster iSsiOnary Coniciousness and fomation of pi'ie5ts, SeinarianS. memiers of insuthies of consecrated life and societies ot awstolic life and thtir tand;.dates, well as 12y missionaries dirtlY itLvolYcd in ulliversai missionary activity. Sister organAsatioDS in Ireltnd and EngJar&d provide a wealth of material for thi5 fortn of missionary aDitiOn, collseqllentlv Ntissio Stotland conflnes itse]f to participating with atml 5upwting conf¢r¢n¢es of thosE iJ]t6rt6ted and involved in mission animation. The Pontifi¢al Missionary Unioll do&s not nOrnty raise funds. E. Special Projects Rome pei"mits" ea¢h national office of the Pomifica] Mission Societies to relain a %ttLall portion of income from eaeh of the 50Gietie5 to be used fund particularprojects in mission ierritOTies. Thc purpose of this is to enable a more pcrsortal conDe¢tion b¢twc¢n Missio alld the belleficiari and which caj Ee used te highlight the work of the societies in ¢ampaigns such as hlission Sunday. In 2025, funds donated to special projects totaIled £13,065 and weie speDt as follows.. Bishops Conference, Liberia.. £2,295. DispensaTiO Sall Juall Pablo 1.1, Onwo.. £8,270. OL Lady of ViGtory Missioiwy Sistcrs, lllc. £2,500. Bolivia was Missio Scot]and'8 focus county for 2025. Health issues in Bolivia are alld Inlti-faceted. Tnt tounlry's Nndigenou5 P4%)ples make up more than 40 per cent or its population-51 per Gtnt in Oruro-and face health cEllengeS such as all increasitig pr¢va]ence in diaicte5 Luid callcer. Unbvgienic W%Lter sllpplies, adeQUate waste tnanageTneDt anc air pollution all contribute sigt]ifi¢anUy to many i[¢$StS. In Ma rural are35-alld despite being E city,, On0 would fail into category-medical celltres. hospitals, doctois and nurses are scarce, bLt respiratory diseaKs and malnutrition are cot]llnoJi. Maoy Bolivians also lack hcaFdi insurance, m8kiiig it hard for th¢t0 afford the necessary medi¢8] ¢aTe. Cariiig for childre The situation lor ¢hildren in the county is parttcularlv disJessip.g. Bolly is )e¢ond worcst county in South America alld this povert), affects the )'ounge>1 their Societyr Irreztlv. For example, one child in 37 dies before tbeir fiftli birthday. 13 Per cent of Ghiidren are out of school ld 26 per cent a eogaged in child labour. One in three chilthrll i Bolivia suffer from mn[ritIOn. with 16 per ce4lt of those sutTering stIng result. Approximately 20 per cent of girls are married before the age of 18 and in some areas 50 per cent of girls under the age of 16 are pregllallt. Pollutioll in the country call s0 have lorg-tenn consequences for children's hcalth and we116eing. Hedth issues, however, are wt always ès visible. but in Oruro. while beinE shown arollnd the St Jolio Paul LT Clini¢. the Sight and sounds of & nine-s'ear-jld boy struggling for breath ill one of the treatment rooms. highlighted those rlledioal needs lli a very stark mannei.. Page 3
MLSSIO SCOTLAND Report of the Trust¢es (or the Year ded 31 December 2025 Mercifully. Missio Scodand has been able tr> pmvide some &%sistance to the ¢litll¢ children SUfflg fr)) respiratory illnesses by purchasing mediciDes to trrAt SI 8]Imts. Women's wdlbeing The impact that Missio Scotland will tnakc via its suJport for heatth&qre pwje¢ts iti Bolivi4 bowEver. wonl simply iestsicted to cliildren. but will 80 sllpport the oeeds of women thert too. Missio Scotlalld is supporting projects that will greatly benefit women's he81th ill the dioecse. Not Only bale funds been provided for horjnone rtplacemellt therapy treaitllents, but a brd new ultr&sound machine has been purchased for the clillic too. Irinancial rewiew plt1paI fullding sour¢e8 The prin¢ipaI fur.ding saurces of the ¢harity are the chUh membership. their friends glld the parents, teachers and pupils of Catiolic schools. In an erd where many dem9thd% were nde on the geoen)sity of the Scots people, Missio can be grateful for the 5UPPOrt of the clCh members attd their readiness to a55iSt the Churcb in its outreL-h, both spirithal alld terial. Investment polity The Chtrity bolds all Its fiu)ds on short-tEm] d¢p051t wtth its bankets. ReseeS policy Th¢ oveTaJl intention of the Trustees is to dIStribC as niuch of the mollies raised as possible. However the Trllstees are also aware of the need for the ctr.arity to hai-e frtt reserves in order that it fi]nction effectively and meet it5 day to day oblÈgations as well 8s have monies itl reseTre to rneet uDforeseeD ceDIttL1tm¢its aEd emergencies. The Trustees deem that the Icwel of free r¢5crv¢s i.e those ut]restr1cd fuod8 not invested in tanble fixed sets, designated frji specific PLifposes or otheiwise committ[ should be approxi[[ty 9 months expenth"tsre. Detailed fillAncig1 review Expenditt¢ totalled £414,176 in thc yw cotnpared to £484,979 iti 2024. ofthis £210,805 {2024 - £240,93S) was for gr1£ distributed tt> l&Sloj]ary dioeeses. Thes¢ gtants dre transtnitted to their recipiejjts throu the Papal Nullciatuirs of the rsceiving countrics. £13,065 was grauttd to special projects in the yeat. liiancial position The baknce sheet shows tota] funds of£482.209 (2024 £4&f,009). 'Ibe charity's policy is to distribute the bulk of its reserv&s 2nnua]ly. The recipients of its dtstributions are agreed by national (tire¢tors of the worldwide Pontifieal Missioo Socieiies alld Tatified by the clwitys frn5tres. r,unds totallillg £2i8,502 {2024- £23",900) have been designated for tIJe distributiou to ]nissionary dioceses in the coming year and for tilt fut]dillg of Ociated thitti$trativ¢ support. Funds tolauing £129,37412024- £13 1,970) have b¢¢n 5¢13side a tangible £xed assets fimds to represent tlie net book value of the charity's tangi61¢ fixed asscts wbicb are e&sentipJ to th¢ day-to-day of the cl]arity aJd su¢h their value should not be regarded as funds that would be Tealisable. Inclllded io totaI fullds are eStrICted fi]nds totalliDg £1.451 (2024- £14,156). These mollies havc cither been Sed for, Id their use reslriGted to sp¢cifjc pi¥rp)w or they eomprise don8tson5 subject to donor-itnposed conditions. Full details of tbcse restricted fi]nds can be fou1 in tstste 17 to the accounts. Funds available to sup]x>rt the daY-tY woyk of the oharity are shovm on the balanc£ shect &5 general funds and totsl £84.983. The Charity no contitigeTrt IKabilities. Page 4
MI&SIO SCOTLAND Report of thè Ti'ustees ror the YeAr Ended 31 DÈtember 2025 ST114TEGIC REPORT Future plsJJ$ Coordination of World MissioM Sunday The Pope entriists Missio to coordjnate the Celebration of World fvtission Sunday wbich is ctlebrated all OVEr the world on tbe penultimate sunday ofo¢tober. Dop.ations knollec*d on the dav 5JEPOrt the work of snissiciiaries the young churches as they build schools, proi'ide treatthcere and sbare faiÉi oftert in diificuit alld danEerous ¢ircurnsrances, so that all may know God's love and liye a life of d[ty. The -knrity will ton(inue to en¢ourage eTrery Catholic parish and tonimunity ill SGOtIarÈd to parti¢ipate ID World fv1i55ion Sunda) through their prayers and donations to tht work of the overseas mission of th¢ thurch. Ivorid MissioD Day 2026 Tlie day, wllich will be ¢elebr&ted on 0ber 18, ?026 wiu also cemtJ0rète the 100 years of its institlltion, established byPope Plus XI a,. the propM)sal of the Polltificai Society for L'ie Propagation of the Faith. The motto Gh05cn by Pope Leo XIV "ODe in Chtisl UDitcd in the mission" reClS tN¢ spirit of his own pontificat motto, 'In IIID uno JllT and seeks to w)ders¢ore the uJity' of the faittjthl in fath, foullded on Chrises cDnununion Mith the Father, as tbe basis of the Church's utliversai evdD8eIiziog mission. Th[5 Day will be "a privileged oc]n in the entire Chutch ulltt£s in prayer for thc ttLissionarie8 and for the frthitfulnc&s of their apostolic IwTk.' Mission and education The chatity will COJLtiDue to develop educatioll tUi55ion-focused J]J2terials foi s¢b(Kbls and nake efforts for thest to be MO widely available. STRucfuRE, GOVERFIANCL AND MANAGETrIETr Governing document The charit) is controlled by its Eovertjing do¢umeni a deed of znd wn5titutes a limited company, limited by guartee, as defjned by the Cotnpallies Act 2006. The ci>mpany w&q estabtished under a Memorandum of A%sociation which estsblished the objectives and powers of the charitable CopaTLY and is controlled by its governiDg documellL its Artides of Association. Recruitinent alld gppointmeot of directojs and national ctsllntil Directors i tenns of Articles of AssoGiatior4 the directors of the eoJDpaDy eJe the Roman Catholic Ar¢hbisbop of St. Athews and Edinburgh- The Roman Catholi¢ Ar¢hbishop of GIg0W a[ fhe bishop wtth rcsponsibil:'ly for mission appoiiited by the Collference of Bishops of Scotland. "In addition. the board of directors may copt tell other persons ts) bc directors from tIe to time wljo tjeed not be ]ne]Dbcrs of the C4Mip3ny, but olle of wlM)m is approved by the C0ngTctiQll for the Ewgelisation of Peoplcs &% beingthe Natio] Dir&Xor." (¢.f ArL 30) lTre othei. directors Daed alM)ve, h2ve specifi¢ duties regarding the illdividual Societies, the int2rests of which arc served by tlie clJariLy. NAtion&l Couneil The bishops of Scotidnd each appoiut a representative to Missio Scotland for their dioceses. These ttpresentatives form the NationaI Council of Missio Seotland alld meet twice allllually &s & n0( (x>urse alld otherwise as necessary. Opcr8tiiJn41 managernent I'he activities t>f the Eotnpany are supervised by the NatiollaI Dir¢clor and his colleagues. WI represent the inter¢sts of the three fundraisir.g societies, {.4PF, SPA Missionary Childreo) Page 5
MISSIO SCOTLAND Repoi'¢ of the Trustees for the Yr Ei nded 31 Deeember 21125 STRUCTURE, GOVKRNANCE .4Tr41) VJANAGEMKNT Induttion ajid trniThillg of management Those co-opied for the Jnan2gemer.t of the d2arity are <trnwn from experieaced di<)c£&qn personnel of the Roman Catholic Chui'th in Seotlaiid. Th&se persons are already skilled in day to day 8ffait5 of the Churoh as well it] the rnaDagem¢nt of Church char'ties. The Nationd Director" attends an annual tsRitllng course alld disse the itifonnation rttcived among the Nation21 Council, leading tt?iniDg se&sions wF.ere apprDpria+ Risk management Tlie board have assesscd the rnajor risks to ¥bich the ChaTity is exposed. in particular to the optration5 and fiEwices of the Charity, aRd have uudertskett steps to Thtigate thenj. The threat frotn data and ryber Scurity is a significant and increasing risk &of 811 organtsations including Missio. Coosiderabl¢ effort alld continued invcstment will be m2d¢ to miDimi5e the risk b) reviewiug processes aDd JT systems. The majority" of income received is from voluntary sources atMI obtair.ul LrEtn th6 generosity of supporters. The i'eputatioD of Missio and indirecdy that of tbe Catholit Chur¢h call potrntiall}' .iaNe a nIan31 impact on the level of fjjnds received. Mi4sio seeks to uphold the dRrtty's reputatioll ill its dealitw with dioceses oversw and its supportW5. Pw6
MISSIO SCOTLAND Report of the Trustets foi. the YeAI' Ended 31 December2025 STRUCTifBE, GOvERNcE AND MANAGEMENr Historic21 Folllld2tion Forthe 'eater effectiven&£s of the fyfjssion of the Catholic Cliurch, the Roman Polltiff broughttOEether Ibsp4rat2 grollps that provide fimding. aDimation, collaioration attd assistsnte for those working ill Ndission_ Th¢se are known a5 tlie PoJJtifIcal Mission Societies. Within ChurcEL adtDinistration the societies fajl undei the patrollage of the Cow¢gation for th¢ Evang¢lisation of Peopie. These 0up8 are properly titled:_ l. The Society for the Prop&gation of the Faith - {APF) 2. Tlie Society of St. Peter ihe Apost]e (SPA) 3. The Society of the Holy CILildhood . {Missionw Children) 4. The Potstifical Mi5sion2ry Union Iliese Societits had beell established by national £anfereDces of BislM)ps ts) fostsr the ¢peration of GaI djurches in the UDiversal fvJission of th¢ ChurdL At the date of th¢ accounts, under the control of a Notional Director, these four Societies ar¢ established 138 countrie8. The four Societies are 8dmini5tered as one body. Ill sojlle countries tims tit]e &5 shortened to &Missio. Ea¢h Society animatss a different se¢tor of ChUh life and are ki07) in Scotlalld as 'tsfjissio Scotlall]d'. The Pontifica] Missioll Societies were establithed ill sGoti[ in 1923 at the request of the Scottish Bisknops led by Jatne8 Smith and Donald Mclllt05h 8nd the 5tattrtes of thc ncw ljjstitute were wprowed by the Supreme Council in June of that year. Wliiie nationally aatonoinous ald with their uoverriance. the Poni'..'eal Mission So¢i¢tie5 utilise a cents21 secrct&riat based in the Vati¢an City State. Applications for granLi 8nd assithcc are clw]udled through the Se¢retariat ald prepai'ed for the &pprovaJ or otherwjse of theNationa] Dircctors tn General meetitsg. known as the Suprenic Coullcil. So approved, projects aod grants are offered to indtYidua] Nation21 DirecDrs for fimding. S%fLgllarding Mi&%io has adopted al implemented the p)li¢y of 5a(wiarding - In God's InJ2ge V2. IN GOD'S IMAGE is iDtended to explain 2nd kn diTect the awToach to Safe8uarthDg that is to be praGtised at every level of tbe Catholic Church in S¢oilalld. For the public: aDd tor Catholic faith %OD]tllUllities in particular, it was written to aKplai howthe Catholic Church in Seolland akeS ti'ery effort to pro.tr from all foTms of alld abuse PJI children 2nd adlllts who are vulnerable or at risk. It was 50 wrttten ts) direcr those ,0 are respx)nsible for tnth&ging Safeguarding aiTangements in parishes, dioGe5e5, Rtligtous Instittttes and Catholic org8nisations on how to comply with a frn¢Work of S national Safeguarding standards. In this sense, IN GOD'S I[GE is in e0rd with the dire£tion of Popc r,rdncis for Episcopxl ConfercnGes to strengthen their safeguarding guidelincs so that tho. are lllldeJEioDd io be-rllles and Dot $itDply indications.. REfiERLNCE AND ADMINigrR*TTVE DKTAILS Regisiered CoinpAoy number SC283086 {Scoilandl Registered Chsrity number 014858 RÈglsttrtd office atei'loo Chambe 19 Watei'loo Street Glasgow G2 6AH Page 7
MISSIO SCOTL.4ND Report of the Trustee8 for the YeHi' Euded 31 Decefflber 2025 Trustees Most Rev. Leo WiUiaiD CUL¢Y Archis[lOP of St Aodrews & nburg Rt Rcv. Josepb Allthcny Toal Bighop of Mottierwell Rt Rev. Brian McGee NAtion21 DireeÈor Father Vincent Lockhart NationAI Secretary of Sod¢ty of Holy Cbijdhood and Missionary Union Mr Gerard Gough Natlonal Counell Dio¢esaTh represelltativ&s St Andrews &ttd E(bnburgh Dunkeld Aberdeen Argyll and the Isles Pai51ey Mothenvell Galloway Glasgow Rev. Paul Lee Very. Revmichael FTeylle VacaDt Vacant Very Rev. Peter Canon M¢G8ny Rev. ThomLs Doyle Vac8trt Rev. Liam MGM2hon CoJnpan}' Secretsry McSp4rran MGCorinick Senior Statutory Auditor Graham Bonomy Auditor8 NIDMAssociates {Stathtory Allditors) Oakfjeld Hous- 378 Brandon Street Mothern¥ell MLI IXA Bai)Iie Royal B&L7th of Scotlznd 80 Street Coatbridge ML5 3DZ Solicitoi Mcsparran Nl¢CormiGk Waterloo Chambers 19 wate1.1( Street Glasgow G2 OAH RESTRIC.TED FLI%DS Rcst".ictL.d funds are Tnade up of aE)Unts administered on behalf of Stipends, and the Father Veasey Mission Project. The stipcnds relate to monies collccled in repect of the celebrations of Masses that are to be distributcd for this putpose, The Fgther Veasey Mission Project is for tht continued supwrt of 8 school atAd Clinic iti Latin Aer1£4 this project ha5 c¢ased. Page 8
MISSIO SCOTLAND Report of the Trustees for the Year Ended 31 December 2025 DESIGNATKD FUND Movein¢nts in the dcsignatcd funds of the conjpany are givett ill note 17 to thE accollnts. From the surplus of dollatjons weived 0er ¢xptnditure each y&qr. the Niona] Director designates the amount aVlab1- for di4tributior. in the folloivii8 year. This sum is thai used to fiind projtcts tljat have been appioved by tile Superior CouTrcil, and distributsd withits the year. STATEMENT OF TRUSfEES' RESPOTriSIBILrriES The trustee5 (wno are ?.Iso the dirtciors of Nliknio Scotland for the purposes of tompatjy lau.) are Jr9ponsible for pj'epartng the Report of the Trustees and th¢ fioat)Gia] statetnents in a¢cordatJ& with applicable law 2nd United Kiiigdoin Accounting Sdards (United Kingdom Gen¢rallv A¢tepted Accounting Practice) including Finallcial R6poLting Standard 102 "Tbe Financial Reportino Stalldard applic&ble in the UK and Republic of 1relat, Company law requires the trustees to prepare fin2ncial st2tements for each fillanla1 year. Uid¢T J)at law, th¢ trustces have eleGted to prepare the fjnancial statements in a¢cordaJct wtth Uttited Kingdom Gellerally Awcepted Accounting Practice (United Kingdo Ac£oullting Standards and applicable law). Under ¢ompw law the tr[eS must not 3pproN'e the fjnwicial state¢llts unless thry are satisfied that they give a true and f&ir view of the st&e of affair5 of tF.e cF.aritaolc cA).TpAny and of the incointDg r&gources and application of r¢50urc¢s, tcludI1]E the incorne and expellditLve. of the charttable companj for that Period. tn preparillg those fLnan¢ial statemen& the tTU5t6e5 are i'equired to select sijitable aecoullting policies and then apply thettL con5iStent]y, observe the incthoos and prinfjip es in the Cbarities SORP. ]nake judgemer.ts and estimates diat are reasoEthle and prndent" prepare the financial ¢atemeDts ou the going eoncern basis urnie li is ill2ppropri&te to presume that the ¢haritablc coEnpaDy wdl colltinue in business. The trL)Stees are responsible f¢r keeping ptDp¢r accountillg records which disclose with reasonabLe accurdLy at any tinie the fillancial position of the charitable CopanY 8t to enable them lo ensure that the fancial statements ¢omply Mqth thc Co[npalli Act 2006. They are algo responsible for fegUardIng the assets of the Ch'lble Gompally and hence foi" takill¥ reasonable steps for the prevention and detection of fraud and other irregulariti£s. In so far as th¢ trustees art aware: there is tjo relevant audit infoErnation ofwhich the charitable company's auditors are llnaw4r4 and the th]stees have tsken all steps that they ou_glit to have taken to make themselves aware of any releK3nt 8udit information and to cstablish that the diarS art of that infOrnJ0n. AUDI'IORS The auditoiE, WDM Associates (Statutory AJ]ditors), will be prow>5ed for re-appoirfmetxt at the forthcoming Atlnual General Meeting. Report of the L"LStee4 iocorwrdtillg a stratcgic retK)rt, approved by ordei of tbe board of trustees, as the Company dir¢¢tors, on 16 Jun¢ 2026 aud sigt)ed oll the ooard's behalf by: Most Rev. Iko WdLian) Cushley- Tnjstee Page 9
Report of the Independent Auditors to tht Trustees and Member5 of Missio ScotlADd Opiiiio We have aiidited th= fiD2ncial stateThieiLfs of Missio Scotland {the '¢huitable cOpan5'S for th.e year ¢Iidcd 31 December 2025 which comprise the Statement of FinaD¢1 Activities, the Bajallce She4 the Cash Flow Statement aiid notes to the financial staKTllents. including a sunllnary of signii:c2t] accoutrting polici¢s. The financial iEporting framewo tI]at h&% been applied in their prepardtion is applicab'e law and UDited Kingdom Accouiting StLidards nit¢d Kingdom Geneizlly Accepted Accoulltillg Praetiee), inclding FiJMi¢ial RepDrtillg Standard 102 The Firwicial Reporting Stsidard applicable in the UK and Republi¢ of IrelaDd'. In our opinioll tthe fmaneiA] statenients.. give a true and [r view of the state of the char.table ccrrtpan)Js affa(rs as at 31 December fj02f and of its incorniug resources and application of x'esour¢e& in¢luding its ir.Lone Jd expenditure, for tht ye8r Lher ended; have been piDperly prepared in accordance witb. United Kingdom Generally Accepted Accountillg Prac'kice, including Financial Reportino Standard 102 Th¢ Fllt aTLcial Reportitlg Swidard appIlble in the UK &id Republic of Irelalld have been prepared in a¢¢ordan¢e Mith Ihe rtqULretlleDts of the Conpanies A¢t 2006, the char.ties and Trustee Investsntnt IScotla]Jd) Act 2005 and Regul10 8 0".the Charities Ac¢i)ullts (Scotland) ReguIations 2006. Bg$i8 f¢)i' opinion We condLiCted our audit in aceordallce with Interr.ationaJ Stattdards on Auditing IUK) (ISAS (UK)) and applicable law. Oui. responsibili1se5 under those standar& are fil.er descriied in the Auditors, responsibilitie5 for the audit of the financial statemenTS section of our report. Il'e are illdepetldellt of the cl?aritable compa2y in ac£ordance '1th ilie ethical requireiuents d)at are rdevant to our audit of the financial staiements in Lie UK. Èncluding the FRC'S Ethical Star.dard, and we have fulfilled eui" other eth¢aJ re$jE$ibILitieS ÉD accord0ce with these requirements. We b¢li¢v¢ that th¢ audit cvidence w6 have obtained is sufficient and appropriate to prtsvide a b1% for our opituon. Conclusions relgtxng to going concern In auditing the fanGla1 staten]ellts, we bave conclllded th theth. use of the going concern basis of CoUnting in the preparatiott of the fjnancial statemenis is appropriate. Based on the work we bave rforMe we P.avc llot ideutified any nterIal unrtaIntIeS relatitsg to eveJ)ts or condition5 that, individually or collectivelj, may cast Si)Ificall( do.Jbt on the cbaritsble comp9Y 5 ability to contile as a going concern Cor a rIOd of at least twElve rllonihs from when the faDcial statements are 2uthorised for issue. Our respotjsibdities and the responsibiiits48 of the tntstecs with respect to going ncern are de5eribcd in the relevant se¢tion5 of this report. Other inforrnfition The tn]stees air r¢sponsibl¢ for the other infoT]llfttion. The other information mpriSeS the infomation illcludcd in the A[Ual Repor¢ other than th¢ financia] S¢atrmertts and our Report of the Indepelldet Auditors thereon. Our opinion on the fancIal st2tements does not cover the other iDforniation an¢ ex¢ept to the ¢xttnt othtrwise cxplicitIv stated An our reporL we do not expre&% aDy form tsf assurant¢ ¢onclusionthercon. In GojeCtion with our audit of the f0ClaI ststements, our woJLsibility is to read the other infonnation and, in doing SO, LOll5ider whether the other illforD]ation is mater:ail}' inconsistent with the fittan¢ial stateinejits or our knowledge obtained in the aiidit or otherwryst appears to be mateiially tni&ststed. If we identify such inatsriaj inconsistencies or apparel materiat MisslatcCnts, we are requirtd to deternjine whether this give5 tiSe to a material l5stateellt LD the fillallcial ststements thejnselves. Lf, basd on the work we have performe we conclude thai there is a mat¢ri misstatefftent of this other iTOrmation, we are required to rewrt th&i fa¢t. We have llotlLillg to report in this regard. Opillions on other matteTS pr¢s¢ribed bv the compa1 Act 2006 In our opinjoii. ba$ed OD the work Ldertakell in the course of tb_e audiL the infoiTration given ill tht Report of th- I"rustees for fill2Dcial year for which the finan¢i&i statements are prepgred its consistent with the nancial statemejits. and the Report of the Trustees has been prepared in accordae with applicable lega] requirements. Page 10
Rtpoit of the Indepelldent Auditor5 to tbe Trustees nd Member8 of Missio ScotIad MAttets wbicli we are reqllired to I'eport by exception In the light of tr.e knowledge and understaJ]ding o¥the cbaTitable co]npauy ad its environment obtsined in the cowv of tkne audit, we have Dot identifLed material misstttements tn the Rert of the Trn5tets. We h2ve llothiDg to port in rcspect of the following mattet3 whety the Companies Act 2006 and the Ctwitie5 Accounts {S¢otlandl R¢guiations 2006 (as amended) qUireS u5 to reportto you i( jll OL- OPilliOiI'. adequate and proper accoullting records have not been kept or retums adeqJate for our audit have not been i'eccived from branches not visited bs US. 01 the financial staiements are not in agreement with the attoLning Tetords at]d returlls- or Certain disclosures of trustees, remuneratioll Specified by law are not n)ade' or we have not received all the inf0MtIOn 8nd explanations we require for our audit. Responsibilities of trnstee5 As explailled inore fjllly in the Statement of Tru5tees' Responsibilities, the trustecs arr re5wn5ible for t4e PTeparation of th¢ fiiYdll¢ial stateLnents and for being satisfied that the)-' give a true and fair view, and for such irternal coiJtrol as the trustees determine is necess&ry to enable the preparation of financial statements that are free frotn rtthial rnis5tatemenL whether dut io fraad or error. tn preparing tbe fillLIGia] statemellts: the knstees are responsible for o&sessiJg the ¢h#ritablt companj's ability to continiie as a going conrem. disc105itLg. appltcaEle. D]atter5 l'tlated to 80ing conc and using the going concern basis of aceounting iinle<s the wost¢es either intend to liquidat¢ thr tharitable c4)ttLpany or to Ce operdtion5, or have llo r¢alisti¢ aiteinative but to do so. Page li
Report of the Independent Auditors to the Trustw and Members of Mtssio Scotland Our responsibilities lor the Audit Of fInaCIal statements OUJ. objectives "t to obtain reasonable assuranct about wiether the firtancial statements a whole are free frojn matsri@l llusstatement, whetber dlle to fraud or error, ar.d th issus a Rq)ort of the Incepender.l Audiory thBt includ¢8 Our opinion. Rea50nabk¢ assuratLGe 15 8 higb level of 8ssufdDce, blli is not 8 guaralltee.that audit conducted in accordance with ISAS (UK) will always detect a tnat¢riaI mis5at¢rnent K'her. t exists. _sStaents can arise from fraud oi. error and are ¢o.rysidered mateiial if. individLally or in the ."egate, the) could relnablY bc &xpected to illfiuence the economic decisions of users taken on the basis of these ftnaueiai st2tenieuts. The ext¢nt to which our piocedures are capable of detecting irre8ularitie4 including fraud is detailed below. We nbtain alld update our undErstandillC of the elltity. its activities, its control envirorunenL alld likely developrnents, includillg in rel2tion to the legal and regu]otory framewo applicable al how tlie entty is complying ith that fratnework. Based on thi5 Understandi we identify and 8ssess the risks of material missratement of the fjnallcial sthtements, wthether due to fraud or error, desigo 2nd perfoim audit procedures responsive to those risks. and obtain audii eNidence tliat j5 suffiGlellt and appropriate to provide abasis for our opillio Tl)is illcludes nSIderatIon of the risk of acts by the entity that were ¢olltrary to applicable lams aTtd regulations including fraud. Kn response to the risk of jrregultiCS and J]Oll-compliaDCC with ]aws alld regulation& ill¢luditig fraud, we designed procedurEs which included.. Enquiry of management and those charged with governaJ¢e around actual and pot¢ntial litigation and rlaitJ)s as w¢ll as actua], SUSPeGted aDd alleged fraud. Reviewing fillallcial statement disclosures and testing to 5UPPOrtiog documentation to assess compliance with aijplicable liws and r¢gulations' Perft)nning audit work oi'er the visk of ujanagcment bia5 and oveIde of controls. inclllding testing of .ournsl entries and other adjustsneDts foi. appropriateness, evaluing the bAeSS rationale of 5i8nificant trans&-tions outside the nornial ¢ours6 of busin¢&% and miewing accoulltillg csti]llkn for indieators ofpotential bias. Because of the iJtheroDt IitiLitstions of an audit, thue is 2 risk that we will not dctett irregularities, illc uding those leading to a inaterial misstaLetnent (n th- fillancia] Statemetsts or nort~¢ompliallce with regulation.Tliis risk in¢re8ses tl)e more that ¢ompliancc 11 a law or reuulation is reJnoed frojn the tvents and transactiODS reflected lll the finallcial statements, as we will be less likely to become aware of ]tan9 of non-complianct. Tht risk of no, detecting a material lsState[ent r¢5ulting from fraud is higkner thall for one rasllliing from e]ror, as fraud mgy involve collusion, forgery, intentional omissions, misrepresentsuons, or the override of internal controL A fier description of ollr TespoD$ibilib&q forthe audit of the fin>¢181 ststements is [ted on the FinAn¢iai Rcporting Counoil's websiLt at wTrw.frc.OlE.llklouditorsresponsibilibes. This des¢riyLion forn part of our Report of the Lndependent Allditers. Page 12
R¢port of the Independent Auditors to thÈ Trwtees alld MeJnbetT of Missio Scotl%nd Use of OUT Tepoi* This report is made solely to the clLarÉtable company's member4 a body, in accordance witb Chapter 3 of Part 16 of the Coiiiparllts Act 2006, and to tr.e cbaritab-e comp2ny's trustee4 as a body) in acc4)rdallce witii Regulation 10 of the Charities Accounts {Scotlandl Regulatiolls 2006. 0. audit work IKS been llndenak¢n so that we might state to the chItable CopanY'S members and the trL5tees t.0&e matters are required to state to then ia an auditor5, rcpoit and for no othei. pJrpose. To tbe fullest extent perjnitted by law. we do not accept o.- assume responsibility to anyone other th1 the charitable compatty and the charit£ble ccmpallvs JnembeiE as a boay. for ow. audit WDrk, for this eport or for the opiwons we haye fom]ed. lain Bollomy entor StstuA>rJ' Auditor) for ld tsn behalf of WDM Associates {StrtutJry Auditors) Eligible to act as w auditor in tern of Section 1212 of the Companies Act2006 Oakfield Hoiise 378 Brandon Street Motherwell iiXA 16 June 2026 Page 13
MISSIO SCWLAISU) ststejnent of FAnanelal Activities Ilncorpoi'Ating l(0}e Expellditure Account) for the Year Ended 31 December 2025 2Q25 Total fvlld5 2Q24 Total filiids UntriL¢ fidS Restricted fld5 Notes INCOME AND KLYDOWPtENTS FROM Donations and ]egLeS 424.341 6235 430,576 446,363 Investment iE]come 1,800 1,800 1,800 Total 426,141 6,235 432,376 448.163 EXPENDITURE ON R8ising funds 40.489 40,489 37,085 Charitsble Attlti£l Char&table activities 354.747 18,940 373,687 447,894 Total 395.236 18,940 414,l76 484,979 NET INCOIKEI(EXPENDrruRE) 30.905 (12.705) 18,200 {36,8161 RECOIYCILT.4TION OF FUYDS Total funds brought forwvd 449,853 14.156 464.009 500.825 TOTAL FUNDS CARRtED FORWAIU) 480.758 1.451 482.209 404,009 The JteS fomi part of thcse fjjjatxciai statements Page 14
MISSIO scufLAfiD Balance Sheet 31 December 2025 2025 2024 Notes FIXED ASSETS TaTig&ble assets 12 129,374 131.970 CinUiKNT ASSKTS Debtors Cash at bank alld in had 13 32,939 304,641 348,854 365.093 337,580 CREDITORS A]noullts fatling due within one ye4r 14 {12.258) {5,541) NET CURRENT ETs 351835 332,039 TOTAL ASSETS Ss CttliRETr4ry LIABJLITIES 482,209 464,009 NET ASSETS 482,209 464,009 17 UnrestriGted fun(ts: General fid Tangible fixed assets fi]Dd Desigllated PldS Special Projtcts 84.983 129,374 258,502 7,899 84,983 13 1,970 232,900 480,758 449,853 ReslYi¢ted funds.. Stipend% Father Veasey Mission Projeci 902 549 3,153 11,003 1,451 14,156 TOTAL FUNDS 487,209 464,009 The financial 5tatcmct]ts were approved by the Board of TeS and authorised for issue on 16 June 2026 and were signed on its bdulf by.. LJ IJ Most Rev. Leo William Cush]ey- Trtte The notes fonn part ofthese fADattci21 statements Page 15
MtSSlO SCOTLAND CAsb Flow St2tetnÈttt for tlie Year fi nded 31 December 2025 2025 2024 Notes Cash flows from operating Activities Cash generated from operattons 47.518 (54,434) Net cash provided byllllsed in) operatÉllg a¢ttvrties 47518 (54.434) Cash flow8 from investing actiTrryties Purchase of tanbrble fLYed asgetS (3 J05) Net cash (used inllprovided by investing activities {3,305) Cbange in cash and cash equivAlents in the rcpoi*lrtg period Casb and eash equiTraltnts at the begTrnDing of the reporting period 44,213 (54,434) 304.641 359,075 Cash and eAsh equivalents At the end or the repoiting period 348,854 304,641 The notes form part of these fina)81 statetllents Page 16
MISSIO sCOTLATI Not4 to the CAsh Flow State]llent foi. the Yegr Enrfed 31 Decembei- 2025 RECONCILLITION ofi NET tNCOhlLIIEXPENDrruRE) TO NET CASH FLOW FROM OPKRATING ACTIVITIES 2025 2024 Net iucomel(eIpendtture) for the T¢POrting period (as pertlje St#tÈrykèni of Actii'itie51 Adjustsllellts for: DepJ'e¢iation charges DeGreI(ncredSe) io debtors lttGrea5el(deurase) in creditors 18200 (36,816) 5,901 16,700 6,717 5,214 (16,524) 16.308) Net ea5h provided byl{used iu) operations 47,518 {54,4341 ALYALYSIS OF CNCES tN NET FUfiDS At 1.125 Cash flow At31.12.25 Net eAsh Cash at ballk ad iti hand 304,641 44,213 348,854 304.641 44,213 348.854 Totsl 304,041 44.213 348,854 The notes fomi pth of these fitRncial statements Page 17
MISSIO SCOTL4fiD Notes to the Flllkntixl Statements for the Year Ended 31 Decejnber 2(k25 ACCOUNTING POLICIES Bssis of preparing the finaThcial Statements The fJnan¢ial gtstements of the ehai'iTable cornpanyj whÉch is a public benefjt entity under FRS 102, I¢ been prepared it) }rdance with the Charitie£ SORP (FRS 1021 '.4ccouuting and Reporting by Chatities.. Statement of Recommended Pjxtt.. ce applicable tc -harities prepariDg their accounts in aCCord8ce with the Fin2ncial Reporting Standard appli¢abl¢ in the LX and Republ t of Ireland (FRS 1021 (effutive l January 2019),, Fiuallcial Rcportillg Standard 102 The Fillanch Reporting Standard appli<ble ill the Uk ana Republic of Ireland, and th¢ Companies Act 2006. The fInanla1 statements liave been prepared uuder the hL5toricai e05t convartion. Income All incOt is recogniscd in the Statement efFtp.aD¢iai Adisryties once the ¢haTity has entidement to the flmds, it is probable that the income wiu be received alld the amount ¢aD lle Elleasured reliably.Tlitr follomryng specifiG policies are &pplied to parti¢uiar ¢atetsorics of tncome.. (9) Donations Donations are illched in the year in whid) they are recciyable and the amount t) be me&sured reliably. Ib) Legacies Ltgacie5 al'e included once the charity has been advised by the personal representstive of an £qt&te tIt payment will be made and tile atnount involved can be quanufIed. (e) interest receivgble Interest on llds held on depos:t is included whell receivable ad the amount can be measured reliably by the ¢barity.' this 15 nonnally upon noiificatiots of the interc5t paid or pa)7ble by the bank. Expenditure Liabilities are r¢Gognised expendithre as soort as the is a legal or consthjctive abligatlDn llnitting the charity to that expenth".ure, it is probable that a tr&isfer of economic benefiis H'ill be requred in settlernBnt and the amount of the obligation can be me&sured reliably. Expenditure is accounted for on au a¢¢Tuals basis and has been c1&8sified under headings that aggreoate atl c05t related to the category. Where costs be directly attributed to rtiCUlar beadings they bave b- -en a]l(]eaJed th activities ort a basis c4)nsi5¢ent with the use of resources. ExpenGiture includes atly VAI" which callnot be lully recovered and is reported as part of thc expenditur¢ to whiGh it rlates. Grants payable represent tbe subsidies t)Jade in the year Ik)natioDs couetted in the previous yeaT. GJ?llts offered subject to cortditions Hthich have not be met at thr year end date are noted as a Commitment but not ac¢N¢d as expcnditure. Txjagible fixed %ssets Depr=ciation is provided at the following athiua] rate5 order to off eath asset over its estimated useful Freehold property Fixtures at]d fittillgs compter equipmcnt 20h on cost o r¥ile18 ba]aDce 25Q/o Oll COSI raxation The charity is excmpt from ¢orporation tax on tts charitable activiti&s. Fund ac¢ounting Unrestricted general ti]nds are fimds which are available for in accordance with the statutes, at the discretioii of th¢ trustre6 in fi]rtheraDce of the £traI objectives of the charity and lI1¢h have not been designated for other purposes. Designated fjJnds are unrestricted futtds of the charity which the tIle¢S have decided at their discretioll to set aside for a particular purpose. Page 18 ontillued...
MISSIO SCOTLAND Notes to the Finalleial StsteJnents- continlled foi. the Year Ended 31 December 2025 ACCOUN]ING POLICIES- continued riund accounting Restricted f)d$ are funds whi¢h 8re to be use<[ acrdanCe with specific r&qtrictioos imwsed by donors. Fwther explanatiOJL of the nature 2nd purpose of ea¢h fvlld is inGluded the notes to the fman¢ial state]ncnts. Foretgn turreDcie8 Assets alld liabilities in foreign cunn¢ies are Itallslated itrto sterEin8 at the rates of exchangt wling at the balance sheet date. Tr2u5aiiorJs foreign currellcies are tr2tJslad into stetlillg atthe rate of exchange R]ling at the date of bw<action. Exchange differen-e5 ore tsk"etL into accoullt ID a[VIng 21 the operati]]g result. Debtors Trade aDd other debtors are recoEllised at the settlement atnouut due. Prqjayments are valued at the amount prepaid net of any discoullts thie. CAsh At bgnk And in hfind Cash at bank and cash in haud includes caslL aDd short leJYo highly liquid tnvesttllents a sliort maturity of three mojtths or legc flM tlic date of acqutsitlOD OT opening ofthe deposit ors1rnil. acwullt. Creditors Creditoi's are recoEnised where the d)arJty h8$ a ptesent obligatioll resulting from a past ¢v¢nt that will probably result in ihe transfer of fiu]d5 to a thiTd party and the atnowjt due ty settle the obligation be Jmellred or estimatsd reliably.Cr¢th"tots are nomially rewguised at their settltmell: amount after allo11 for any discounts due. DONATIONS AND LEGACtES 2025 2024 Donations Gift aid Legac:es Other income So¢iety for the Propagation of the Faith SoGiely of St P¢leL' tbe Aw)stJe 80¢iety of Holy Childhood Fathcr Veaso M]lOn Project 2,231 6,428 10,000 7,762 333,494 15,531 54,720 410 49,734 15,000 7,376 295,921 11,243 54,681 1.435 430,576 446,303 INVEgrMENI INCOME 2025 2024 Reths receiv¢d 1.800 1,800 Page 19 continued.-.
MISSIO sCOThND Notes ts) the FinanciRI Statements- CotInued for the Year Ended 31 December 2025 IL4ISING FLThDS Raising donations legaties 2025 2024 Mission rosaries and caDdles Prolnotioll terialS Advertisiijg 4,740 34,079 1,670 571 35,195 1,319 40,489 37,085 Grant fi]nding of atttii'ities {sce note Support ¢osts {see note 7) 6) Totats Chw'itsbl¢ activities 241810 130.877 373,687 Page 20 CODtinued...
MISSIO SCOTLAND Iyotes to the Finallcilll Statements- continued foi. the Yeai. Ended 31 DeceD]ber 2025 GRANTS PAYABLE 2025 2024 Society for the Propagation ofthe Faith Bangladesh Indollesia Fees for sttidents in Rome colle8&5 Se¢r¢tariat costs 103,286 981 23.589 S,492 125.519 30,292 11,172 136,348 175.177 Society of St Peter the Aposde Ugallda 31,465 27,956 Society ofHoly Childhood NiEeria India Kenya Banglad£sh 19,512 18,293 27,257 15,735 42,992 37,805 210,805 240,938 Special Pmjects Bishops, Cotrference Liberia Dispen5ario Sau JuaD Pablo Il, Onro Our Lady of Victt)ry Mi55iooary Sisters, InG. Camerooll Nigeria Eannents making skills for unernployed girls Nig¢rian library Democrdtic Republic of ConEO- Xaverian Missionaries Sri Lanka- Istittito Pie Madre DellaN1gj8 2,295 8.270 2,500 45,000 5,000 10,000 0,200 1,500 13,065 67,700 Rc5trict¢d Funds Ugand Lesotho Sri Lanka Father Veasey proje¢t 5,000 2,672 5.404 10,864 18.940 5,QOO 242,810 313,638 Page 21
MISSIO SCOTLATrID Not&8 to the Fin*nci#l Staternents- continued for the YeAr Einded 31 Dece]nbei' 2025 SUPPORT COSTS Uorestricted Rt6triGted fidS fiu)ds 2024 Total 2024 Total Staff c05ts Staff training and welf8 Postage £Lid stationery Telephone Heat and ligbt Wai¢rrat¢s tnsurance MotDr eXpe¢S Repairs and maintenatste Travel Colliputer expenses Bank CargeS Mission trip Sundries Meetings Depreciatio Aiiditoi. remuneratton Ex¢hange rate Igatnyloss 83.141 752 4,607 1,800 2,099 818 2.039 12. 2,343 1.809 3,160 1,206 1.543 335 590 5,901 83.141 752 4,607 1,800 2,099 818 2.039 12.192 2,343 1,809 3.160 1,206 1,543 335 590 5,901 5,520 1,022 86,034 568 4,966 1,843 3.399 726 .878 13,121 3,230 2,618 2,176 1,178 2,915 286 5.214 5,:.42 11,038) 1,022 130.877 130,877 134,256 NET INCOMEI(£XPENDITURE) N¢t incom&llexpenditllre) is stated after ¢baLgI(Creditjng). 2025 2024 Depreciation- owied assets 5,901 5,214 AUDITOIiS' IiEMUNEtL4TION 2025 2024 Fees payable to th6 charity's au(btots for the audit of the clwity's fiDallciat staietllents 5,520 5,142 io. TRUSTE, S, REMUNERATION AND BENKFIIS Thwe were no trustees, remuaeJation or other benefits for the year ended 31 Ikcember 2025 nor for tbe year eJLded 31 fJe¢en]ber 2024. Trustees expenses There were no trnstees. expenses paid for the year ellded 31 Detember 2025 nor for the year ended 31 Dccember 2024. Page 22 ¢Olltittued...
MISSIO SCOTknIND Notes to the Finarnci#l Ststemellts- contillued foi. the Year Ellded 31 Deoembtr 21125 li. STAFF COSTS The average Jnonthly uumb¢rof tmployets during the year was as follow5: 2025 2024 Management and n]]lstration No employees re¢eived emoluD]ents in exce&s of£60,000. J2. TANGIBLE FIXED ASSETS Fixtures Frcehold properN Computer equipr£ellt fittillgs Totals COST At l January 2025 Additions Dispos818 228,456 .720 10,504 3,305 {7.388) 247,680 3,305 {7,388) At 31 D¢¢ember 2025 228.456 8,720 6.421 243,597 DEPRECIATION At I lanuari, 2025 Charge for year Eliminaied on disp05aF 97,484 4,568 8,138 90 10,088 1,243 (7,3881 115,710 5,901 {7,388) At 3 11)ecerober 2025 102,052 8228 3,943 114.223 NET BOOK VALUE At 31 Deknember 2025 126,404 492 2,478 129,374 At 31 D¢¢embcr 2024 130972 582 416 131.970 13. DEBTORS:.WOUFITS FALLJI4G DUE IITfiuN ONE YEAR 20 2024 Donations made in period and not remitted until after the pcriod end Prepayments and accmed illGOllLe 13,021 3218 13.898 19,041 16,239 32,939 Page 23 continued...
M]SSiO SCOTLAN Not£5 to the Fillllncisl Statements- c•ntinued for the Yeai. Ended 31 December 1025 J4. CREDrroRS: AMOUF*TS FALLING DL'E WITHIN 0Tr4E YEAR 2025 2024 AccNed expenses 12.258 5,541 15. LEI ASING AGREEMENtS Muiimum lease payments undet nort4aThcellAble operating lesses fail due as follows.. 2025 2024 Within one year Between one a[ five years 10,169 4,709 8.906 12,787 14.878 21,693 16. ANALYSIS OF NET A&SETS BLTWEEN FUNDS 2025 Totsl 2024 Total funds UDr&stricted Restri¢ted fid$ funds Fixed assets irrent assets Currellt liabitities 129.374 363.64.2 (IL2<8) 129,374 165.093 (12,2581 131,970 337,580 {5,541) 1.451 480.758 ,451 482.209 464,009 17. MOVEMEKr tN FUNDS Net rnovement in fimds Transfers between funds At 31.12.25 Atl.1.25 uni'estried fuuds GeneTai futid Tangible fixed assets fin]d Desi&iated funds Spetial PTojects 84,983 131,970 232,91 84.<)83 129,374 258,50? 7,899 {i.901) 49,871 {13,065) 3,305 {24.2691 20,964 449.853 30.905 480,758 Restricted funds Stipends Father Mi55ion Project 3.153 11.003 {2,251) (10,454) 902 549 14,156 (12.705) 1,451 TOTAL FUNDS 464.009 18200 482,209 Page 24 ntillued...
TrIISSIO SCOTLAND Notss to the Financial 8t*tements- tontinued lor the YeAi' Ellded 31 Decelllber 2025 17, MOVEMENT JN FLNDS- contillued Net rnovement in fi]nds, inclllded in the thve are as follows: Incoming Resources expended MovemeDt fullds Ullrestricted funds Taugible fIx¢d assets futtd Desionated Funds Special Projeots {5.901) {376,270) {13,065) (5.9011 49,871 (13,0651 426,141 426,141 (395,236) 30,905 Restricted funds Stipends Father Veasey Mission Project 5,825 410 {8,070} (10,864) (2,251) {10.454) 6,235 (18,9401 {12,705) TOTAL FUNDS 432.376 {414.176) 18,200 Comparatives for movement irt funds movement ill fi]nds At 31.1224 At 1.1.24 Unrestricted funds GeAe121 fuod Tangible iLKed assets fund Designated Funds Special Projects 84,983 lJJ,184 242.001 25,000 84.983 131,970 232,900 (5,214) (9.1611 (25,000) 489,228 (393751 449,853 Rostrictcd funds Stipends Father Veasey Mission Project 2.029 9,568 1.124 I,435 3.153 11,003 11.597 2,559 14,156 TOTAL FUN])S 500.825 {36.816) 464.009 Page 25 continued...
MISSIO SCOTLIND Not to the Financx91 St2temerts- ¢ontTnued for tbe Yr Ei llded 31 DecellEber 2025 17. MOVEMENT FUNDS- continued Comparative Det movekllellt in fun&%, induded the above are follows.. Incoming resoLr¢es liesources expended Movement iii fuiids Unrestrieted funds Tangible fixed assets fid Designatrd Fullds Special Proj¢¢ts (5,214) (407,065) {67,700) (5,214) (9.161) {25,000) 397.9Q4 42,700 440.604 (479.979) (39,375) Restiitted fllnds stiper.ds Father Veasey Mi&sion Pmject 6.124 1,435 {5,000) .124 1,415 7.559 {5.000) 2,559 TOTAL FUNDS 448,163 {484.979) (36,8161 DesignAted fun(L4 The pllrpose of the fund is to hold monies destined for the support of projects in missionary di0¢&8¢s. The fulld also covers related administrattve cosls. TADgible red asset fund The tallgible fixed ass*L fund represents the net book vatue of the Charitys tangible f]xed assets. A deci5ioll wa5 n]ade to separa+c tF.is fund froTll the general fund of thc charity in recognition of the fact that tanuiblc fixcd assets are essential to the day to day work of the charity and &5 such their vue should not be regBrded as fimds that would be realisable with ease itl order to ]neet fuDJre ¢ontingell¢ies. Special projects fund The specia] projects fund is a designated fuo(L the purpose of which is ts) be able to supwrt projecrs and appeals ill addition to the support gives) to the 3 SOGieties funded by the charily. The splaI ptojects funded are at the disGretion of th¢ nauonal Jire¢tor. RtrICted fuDds 11)e specific puwoses for thith the fvttds are to be applied are as follows.. Stipends - Mass stipends I¢ distributed to P[1$ nllssionary dioce who in undertake to celebrate Mass forthe illtsntion of the do. Fath¢r V¢as¢y Mission Project- This proje¢t is for the contitll[ support of a school and ¢linic in L&tin Mneric Page 26 continued...
IIIISSIO SCOTLAND Not to the Financisl Statements- continued for tlie Yeai. Ended 31 De¢tmbtr 2025 18. RELATED PARTY DISCLOSURES Thay were no related partytransactioJ]s fortbe year endej 31 DEceJllber 20. Page 27