REGISTERED CHARITY NUMBER: SC016741 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 FOR SISTERS OF ST. PETER CLAVER (SCOTLAND) McDaid & Pajkners Stanley House 69171 Hamilton Road Moth¢n¥¢ll Lanarkshire MLI 3DG
SISTERS OF ST. PETER CLAVER (SCOTLAND) CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 Page Report ofthe Trustee5 Independent Examiner'5 Report StatemeDt of Finanei81 Aetlvltles Bxlanee Sheet Notes to the Financial Staternertts 6 ¢0 12 Detailed stateent of FinaneiAI Aetivities 13
SISTERS OF ST. PETER CLAVER (SCOTLAND) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 21124 The trustee5 present their report with th¢ financial Statements of the charity for the year ended 30 September 2024. The tNstees have adopted the provisions of Accounting and Reporting by Charities.. Statement of Recommended Practite applicable to charities preparing their aceounts in accordance with the Finallcial Reporting Standard applieable tn the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AND ACTtvrrIES Objectives and activities The Sistrrs oi St. P¢t¢r Claver (S¢oilandl is a religious missionary CongatIOn established in Scotland for assisting the training missionaries. providing material and money for foreign missions and collecting & distributing monies for relief of poverty and disease. The congregation is constited of religious women who are not an enclosed order, but liv¢ in the eommunity and work in S¢otland for th¢ fitheran¢e of PUTposes following:_ To aid the most needy and abandoned missions from afar, especially those in Africa, by obtaining for them through personal contscts and the press, the necessary tnean5 for the furth¢ranc¢ and pr¢s¢rvation of th¢ Roman Catholic Faith. To edit and publish rnagazin¢5 and pamphlets about the missions in various languages. To organise conferences, meetings, retreats etc for those interested in their work. To collect donations for the missions, and establish aJ)d direct particulax projects on their behalf, as for example the works of the Seminarians and catechists, the press and oth¢rs similar. - To mak¢ ¢hur¢h v¢stments and altar lin¢ns etc. - To erect and manage press centres to provide book4 magazine5 and newspapers for the Propagation and deepening of the Roman Catholic faith in mission territories. ACHIEVEMENT AND PERFORMANCE Charitable aetlvltles During the year the charity paid £39,251 to missions (2023 £88,260). The charity a150 produced a magazine called Eeho showing the missionary work being carried out in Africa and other continents. They were di5tribut¢d to sub5crib¢rs of the magazine. The charity also issued a calendar during the year. The magazine and calendar are distributed to promote the needs of the missions. FINANCIAL REVIEW Prineipal fundlng sources Th¢ ¢harity's ¢or¢ fidIng is geneTat¢d from donation$ and magazine income. Donations ar¢ received from the conwgation when perforniing a service mass in the chapel. There are also oc¢a5ions when p¢opl¢ donate part of their ¢state towards the charity. During the year £200 (2023 £1,012) was bequeathed to the charity. The ¢harity also produces a magazine whi¢h provides infornjation regarding the missions they are supporting in Africa nd other deprived areas. Donations are received from the recipients of the magazine and ar¢ utilis¢d in giving donations to the missions in Africa and other deprived areas. R¢5erve5 policy The General Fund r¢pr¢s¢ntS the Unr¢Stri¢t fvnds arising froln p&%t operatin8 results. It also represents the free reserves of the charity. The trustees have examined th¢ r¢quir¢m¢nt to Tnaintain free reserves and concluded that the most appropriate level is around 4 months of resources expended which would equate to £26,968. At th¢ 30 Septernber 2024 the charity had free reserves of £163,133 (2023 £74,373). STRucfuRE, GOVERNANCE AND MANAGEMENT Governing document The Sisters of St. Peter Claver (Scotland) is a religious missionary COn88110n established in Scotland. The COegatIOn is constituted of Teligious women who are not an enclosed order, but live in th¢ corntnunity and work ill Scotland for the fvrtheran¢e of the eharity's purposes. R¢¢rultment and appolntment of Dew trustees Tru5tee5 are appoiDt¢d when they receive a letter from Rome confuining that they are to take over a ¢ert4in eommunity. There 15 a hand over period with existing trustees in which the new trustees learn what is involv¢d in their rol¢. Pag¢ I
SISTERS OF ST. PETER CLA VER (SCOTLAND) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2024 REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity Thumber SC016741 Prlnelpal address 57 Mothetwell Road Bellshill North Lanarkshire ML4 2JA Jiide Lndcnt Eiiilliiner McDaid & Partn¢r5 Stanley Hou5C 69171 Hamilton Ro Motherwell Lanark5hire MLI 3DG Approved by order of the trmiard of tstee9 on ............. ....... . . and signed on its behalf by.. PY4g¢ 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SISTERS OF ST. PETER CLAVER (SCOTLAND) I report on the accounts for the year ended 30 September 2024 set out on pages four to twelve. Respective responsibilities of trustees gnd exAminer The ¢harity's Mistees ar¢ responsible for the prepardtion of the accounts in ¢ordanCe with the tern)s of the Charities d Trustee Investment (Scotland) Act 2005 and the Charities Accounts Iscotland) Regulations 2006 las amended). The charitys ttwtees Consider that the audit requirement of Regulation 10(11{&) to (c) of the Accounts Regulations doe5 not apply. It 15 rny responsibility to examine the accounts required under Section 44{IXc) of the Act and to state whether particular matters have come to my attention. Bf&s15 of the independent e%miner 5 report My cxamination was carried out in accordance with Regulation I l of the Chatities Accounts {Scotland) Regulation$ 2006. An exalnination includ¢y a r¢vi¢w of th¢ accounting record5 kept by the charity and a comparison of the accounts pr¢sent¢d with those records. It also includes consideration of any unusual items or disclosures in th¢ accounts, and seeking explanations from you as thjstees coneeming any sueh matters. The prooedures undertaken do not provide all the evidence that would be required in an audiL and Consequently I do not exp8 an audit opinion on the view 8iv¢n by the accounts. Independent exgmlner's stAtement In ¢onne¢tion with my examination, tko matter has corne to my attention '. (l) which gives me reasonable Cause to belleve that. in any rnaterial respect, the requirements to k¢w accounLing r¢wrd5 in arcordance with S¢ction 44(IKa) of the 2Q05 Act and Rcgulalion 4 of thc 2006 Accounts Regulations" and to pr¢par¢ 4QfQUnts which accord with th¥ acwunting records and ¢0 comply with Regulation 8 of the 2006 Accounts Regulations hav¢ not b¢¢n met. OT {2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Th¢ .4ssociation of Chartered Cenificd Accountants McDaid & PBrthers Stanley House 69ni Hamilton Road Mothen¥ell Lanarkshire MLI 3DG Da.. 2..14-.I ZuLS- Page 3
SISTERS OF ST. PETER CLAVER (SCOTLAND) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2024 30.9.24 Unrestricted fi]nds 30.9.23 Total fijnds Note5 INCOME AND ENDOWMENTS FROM Donations and legacies 72.365 83.695 Charitable activitie5 ctwitable ectivitie5 5,951 5,818 Investment income 700 6,000 Tot81 79,010 95,513 EXPENDITURE ON Charitable activitk¢5 Magazine activities Charitable activities Governanee costs 5,740 115,566 780 68.994 840 Oth¢r 8,216 6,212 Totsl 89,961 128,298 Net gainsloosses) on inve51ment$ (2,862) 15,000 NET INCOMEI(EXPENDITURE) (13,807) (17,785) RECONCILIATION OF FUNDS Total funds brought forward 345.061 362.846 TOTAL FUNDS CARRIED FORWARD 33 1,254 345,061 The notes fom) port of these fmancial statetnents Page 4
SISTERS OF ST. PETER CLAVER (SCOTLAND) BALANCE SHEET 30 SEPTEMBER 2024 30.9.24 Unrestricted funds 30.9.23 Total fvnds Notes FIXED ASSETS Tangibl¢ assets Investment property 168.121 168,688 102,000 168,121 270,688 CURRENT ASSETS Debtors Cash at bank and in hand io 6.511 157,462 200 74,953 163,973 75.153 CREDITORS Arnounts falling dlle wthin one yejr {840) (780) NET CURRENT ASSETS 163,133 74.373 TOTAL ASSETS LESS CtJRRENT LIABILITIES 331.254 345,061 NET ASSETS 331,2S4 345,061 FUNDS Unrestricted fund5 12 331.254 345.061 TOTAL FUNDS 331,254 345.061 The statements were appmved by the Board of Tru$tees and aurhorised for issue r4'f2&f......... and were $i¢d its behalf by.. The note5 fonn part of ihe5e fanCial stat¢m¢nts Page 5
SISTERS OF ST. PETER CLAVER (SCOTLALYD) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 ACCOUNTINC POLICIES Basis of prepariDg the financial statements The fancial statements of the charity, which 15 a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Stsiement of Recommended Pra¢tic¢ applicable to charities preparing their accounts in accordan¢e with the Financial Reporting Standard applicable ID the UK and Republic of Ireland (FRS 102) (efft1v¢ l January 2019}', Financial Reporting Standard 102 'Th¢ Fi[wicl Reporttng St8JJdard applicable in the UK amd Republi¢ of Treland, and the Charities and Trustee Inyesttnent {S¢otland) Act 2005. The fmancial statemenis have been prepared under the historical cost wnvent10 as modified by the r¢valuation of certain assets. IDeome All incoming resources are included in the Statement of Financial Activities when the charity is entitled to the incom¢ and the amount ean be quantified with reasonable accuracy. The following spe¢ific policies are applied to particular categories of income: Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on th¢ delivery of a specific perfom)ance by the charity, ar¢ recognised when the charity becomes uneonditionally entitled to the granL Donated 5ervi¢es and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers ha5 not been included in these accounts. Investtnent ineome is included when receivable. - ]n¢oming r¢sOue$ frorn charitable trading activities are accounted for when earned. Incorning resourrxs fr(Trm grants, where related to peTfornian¢e and 5pecifkc deliverab5es, are accounted for as the chatity eams the right to consideration by it's Frfomiance. Income is only deferred when.. - The donor specifies that the ant or donation must only be used in a¢¢ouniin8 periods. or - The donor h&$ imposed conditions whi¢h must be met before the charity has unconditional entitl¢ment. Expenditure Expenditrjre is recognised on an a¢¢&15 basis as a liability is incurred. Expenditure fflcludes any VAT which cannot be fully recovered and is reported as part of the expendittjre io which it relates.. - Costs of generating fid$ oomprise the costs associated with attracting voluntAry income. Charitable expenditure comprises those costs incurred by the tharity in the delivery of its activities and services for it5 beneficiari¢s. It includes both costs thai can be allocated directly to such activities and those costs of an indirect nabjre necessary to 5UPPOrt them. Governance costs in¢lude those costs associated with meeting the constitutional and statutory requirements of the charity and include the ind¢p¢ndeni examiners fees and costs linked to the strat¢gi¢ managernent of the charity. All ¢o$ts are alloeated berween the expenditure categories of the SOFA on a basis desIed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others ar¢ apportioned on an appropriate basis. Tangible fixed assets tkpr¢oiation is provided at the following annual rates in order to write off ea¢h asset ov¢r its estimated useful life. Freehold property Fixtwe5 and fittings not provided 2/0 on reductng balance Page 6 continued...
SISTERS OF ST. PETER CLAVER (SCOTLAND) NiyfES TO THE FINANCJAL STATEMErs- eontinmed FOR THE YEAR ENDED 30 SEPTEMBER 2024 ACCOUNTINC POLICIES- continued Tangible fixed 855ets Motor vehicles Equiptnent 25 /0 on reducing balance 200/9 on reducing balan¢e Inve$tment property Investment property is shown at most recent valuation. Any aggregate Surplus or deficit arising from changes iti fair value is re¢ognised in the Statement of Financial Activities. Taxation Sisters of St. Peter Claver (Scotland) is a charity within the meaning of Section 467 of the Corpofdlion Tax A 2010. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within cate8orie5 covered by Chapter 3 of Part I l of th¢ Corporation Tax Act 2010 and Section 256 of th¢ Taxation of Chargeable Gains Act 1992 to the extent that such income or gaÉns applied for charitable purposes only. Fund aetounting Unrestricted fid5 can be used in accordance with the charitable objectives at the discretion of the tNStee5. Restricted fijnds can only be used for parti¢ular restri¢ted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restrict¢d PUTP05¢S. Further explanation of the naivre and PUTpose of ea¢h fund is in¢luded in th¢ not¢s to the fmattcial statements. DONATIONS AND LEGACIES 30.9.24 30.9.23 Donation5 Mission receipts 54,846 17,519 53.213 30,482 72,305 83,695 INVESTMENT INCOME 30.9.24 30.9.23 R¢nts r¢¢¢ived 700 6,000 Page 7 continued...
SISTERS OF ST. PETER CLAVER (sc(yfLAND) NOTES TO THE FINANCIAL STATEMENTS- conlinued FOR THE YEAR ENDED 30 SEPTEMBER 2024 INCOME FROM CHARITABLE ACTIVITIES 30.9.24 30.9.23 Activity Charitable activities Magazine In¢om¢ 5,951 5,818 CHARITABLE ACTIVITIES COSTS Direct Costs Support Costs Totals Magazine activities Charitable kctivities Governance costs 11.911 68,994 68,994 840 80,905 840 81,745 TRusfEES' REMUNERATION AND BENEFITS There were no tNstees' remuneration OT other benefits for the year ended 30 September 2024 nor for the year ended 30 Septernber 2023. Trnstees, expeD9¢5 There were no trnstee5' expen5¢5 paid for the year ended 30 September 2024 nor for the year ended 30 September 2023. COLKPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted funds ll¥COME AND ENDOWMENTS FROM Donations and legacies 83,695 Charitable activities Charitabl¢ activities 5,818 Investment income 6.000 Total 95,513 EXPENDITURE ON Charitable activities Magazine activities Charitable activities Governance costs 5.740 115,566 780 Other 6,212 Total 128.298 Net ga5 on investments 15.000 NET INCOMEI(EXPENDITURE} (17.783) Page 8 continued...
SISTERS OF ST. PETER CLAVER (SCOTLAND) NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 30 SEPTEMBER 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- eontlnued UnTe5tricted fiujds RECONCILIATION OF FUNDS Total fimd5 brought forward 362,846 TOTAL FUNDS CARRIED FORWARD 345,061 TANGIBLE FIXED ASSETS Fixtltres Fr¢¢hold property Motor vehicles fittings Equipment Totals COST OR VALUATION At l October 2023 and 30 September 2024 166,278 15,097 8,478 12,848 202,701 DEPRECIATION At l October 2023 Charge for year 15,083 6,799 420 12,131 144 34.013 567 AI 30 Sept¢mber 2024 15,086 7,219 12.275 34.580 NET BOOK VALUE At 30 S¢pt¢mb¢r 2024 166.278 1.259 573 168,121 At 30 September 2023 166,278 14 1.679 717 168,688 Cost or valuation at 30 S¢ptemb¢r 2024 is r¢pres¢nl¢d by.. Fixtures Freehold property Motor vehi¢les fittings Equipment Totsls Cost 166.278 15.097 8,478 12,848 202.701 INVESTMENf PROPERTY FAIR VALUE At l October 2023 Disposals 102.000 (102,000) At 30 September 2024 NET BOOK VALUE At 30 September 2024 At 30 Septemlxr 2023 102.0(10 Pag¢ 9 continued...
SISTERS OF ST. PETER CLAVER (sc(YfLAND) NOTES TO THE FINANCIAL STATEMENTS- CODtRnued FOR THE YEAR ENDED 30 sEEMBER 2024 INVESTMENT PROPERTY- continued Fair value at 30 Septernber 2024 is represented by.. Valuation in 2021 Valuation in 2022 Valuation in 2023 Valuation in 2024 11,000 1,000 15,(H)O (27,000) If inv¢stment propety had not been revalued it would have been included at the following historical cost: 30.9.24 30.9.23 Cost 75,000 75,000 Investment property was valued on an open markei basis on 30 November 2023 by the Trustees. io. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.9.24 30.9.23 Other debtor$ Prepayments and ¢red income 200 6,511 6,511 200 ii. CREDITORS., AMOUNTS FALLINC DUE WITHIN ONE YEAR 30.9.24 30.9.23 Other creditors 840 780 12. MOVEMENT IN FUNDS Net movement in funds At 1.10.23 At 30.9.24 Unre$trict¢d funds General fund Fair value reserve 326,318 18,743 4,936 (18,743) 331,254 345,061 {13,807) 331,254 TOTAL FUNDS 345,001 {13,8071 33 E,254 Page 10 continued...
SISTERS OF ST. PETER CLAVER (SCOTLAND) NOTES TO THE FINANCIAL STATEMENTS- eontinued FOR THE YEAR ENDED 30 SEPTEMBER 2024 12. MOVEMENT IN FUNDS- continued Net movement in fijnds, included in the above are as follows.. Incoming resources Resou expended Gains and losses Mov¢rn¢nt in ndS Unrestricted fund5 General Sjnd Fair value reserve 79.016 (89,961) 15,881 (18.743) 4,936 (18.743) 79,016 (89.961) (2,862) (13,807) TOTAL FUNDS 79,016 {89,961) {2,862) (13,807) Comparatives for movement in funds Net movement in fund5 At 1.10.22 At 30.9.23 Unr¢$tri¢ted funds General fund Fair value reserve 359.103 3,743 (32,785) 15.000 326J18 18.743 362.846 (17,785) 345,061 TOTAL FUNDS 362.846 (17,785) 345,061 Comparative net movement tn fijnds. included in the above are as follows: In¢oming resou¢5 Resourees exp¢nded Gains and losses Movement in fimds Unrestricted funds General fijnd Fair value reserve 95.513 (128.298) (32,785) 15,(M)O 15,000 95,513 {128.298) 15,000 (17.7851 TOTAL FUNDS 95,513 (128,298) 15,000 (17,785) Page 11 continued...
SISTERS OF ST. PETER CLAVER (SCOTLAND) NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 30 SEPTEMBER 2024 12. MOVEMENT IN FUNDS- continued A ellellt year 12 months and prior year 12 months combined position is a5 follows.. Net movement in funds At 1.10.22 At 30.9.24 Unrestri¢ted funds General fund Fair value reserve 359,103 3,743 (27,849) (3,743) 331,254 362,846 (31.592) 331,254 TOTAL FUNDS 362,846 (31.592) 331,254 A ¢UTTrnt year 12 months and prior year 12 months wmbined net movement in funds, included in the above are as follow5.. In¢oming re50ur¢es Resources expended Gain5 and losses Movement in funds Unrestricted funds General fid Fair value reserve 174,529 (218.259) 15,881 (3,743) (27.849) {3.743) 174,529 (218,259) 12,138 (31,592) TOTAL FUNDS 174,529 (218,259) 12,138 {31,592) Included within the general fund funds desIated to fjxed assets of £168.121 (2023 £168,688). 13. RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 30 September 2024. Page 12
SISTERS OF sr. PETER CLAVER (SCOTLAND) DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2024 30.9.24 30.9.23 INCOME AND ENDOWMENTS DonatioThs and legaeies Donations Mission receipts 54,846 17.519 53,213 30,482 72.365 83.695 Investment income Rents received 700 6.000 Charitable 8ctiviti¢5 Magazine Income 5,951 5,818 Totsl iDcoming resources 79,016 95,513 EXPENDITURE Charltsble aetlvltle$ Donations made House management Magazine 39,251 29,743 88.260 27,307 5.739 80,905 121.306 Other Rental property costs 8.216 6,212 SuppoTt costs Governanee costs A¢¢ountan¢y and legal fe¢s 840 780 Total resources expended 89,961 128,298 Net expenditur¢ before gains and lo¢$ (10,945) (32,785) Reali5ed Tecognised gains and 10s5es R¢alised gains/{losses} on invesknent propety 15,881 Net in¢0m(expeDdlture) 4,936 (32.785) Thi5 page does not forn) part of the statutory financial Statements Page 13