REGISTERED CHARITY NUMBER: SC016741 REPORT OF THE TRUSTEES Af4D UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 FOR SISTERS OF ST. PETER CLAVER (SCOTLAND) M¢Daid & Partner5 Stanley House 69ni Hamilton Road Motherwell Lanarkshire MLI 3DG
SISTERS OF ST. PETER CLAVER (SCOTLAND) COTrITENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEvfEMBER 202S Page Report of the Trustee5 I to 2 Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Finaneial Statemtnts Detailed SIAtement of Financial Activities 12
SISTERS OF ST. PETER CLAVER (SCOTLAND) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2025 The ttustees present their report with the fmancial statements of the charity for the year ended 30 September 2025. The trustee5 have adopted the provision5 of Accounting and Reporting by Charities: Statement of Recornmended Practice applicable to charities preparing their accounts in accordance with the Fitwicial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {effective l January 2019). OBJECTIVES AND AcfiviTIES ObJeetives and aetivities The Sisters ot St. Peter Claver (Scotland) is a religious missionary congregation estsblished in Scotland for assisting the training missionaries, providing material and money for foreign missions 2nd collecting & distributing monies for relief of poverty and disease. The congregation is constituted of r¢ligious women who are not an en¢105ed order, but live in the cornmw)ity and work in Scotland for the furtherance of purposes following :" To aid the most ne¢dy and abandoned mis5ion5 from afar, especially those in Afric by obtaining for them through personal contacts and the press. the necessary means for the fiutherance and preservation of the Roman Catholic Faith. To edit and publish magazines and pamphlets about the missions in various languages. To organise conferences, meetings, retreats etc for those interested in their work. To collt donations for the missions, and establish and direct particular projects on their behalf, as for example the works of the Seminarians and catechists. the press and others similar. To make church vestments and altar linens etc. To erect and manage press centres to provide books. magazines and newspapers for the propagation and deepening of the Rtslnan Catholi¢ faith in mission territorie5. ACHIEVEMENTS AND PERFORMANCE Charitable activities During the year the charity paid £24,029 to missions {2024 £39,251>. The charity also produced a magazine called Echo showing the missionary work being carried out in Africa and other continenls. They were distributed to subscribers of the rnagazine. The charity a150 15sued a calendar during the year. The magazine and calendar are di5tribut¢d to prornote th¢ need5 (Trf the rni55ions. FINANCIAL REVIEW Prlneipal fundSng soree$ Th¢ charity's Core fundiDg is generated from donacions and magazine income. Donations are received from ihe congregation when perfomiing a service mass in the chapel. There are also occasions when people doDat¢ Part of their ¢state towards the charity. During the year £0 (2024 £200) was bequ¢athed to the charity. The charity also produces a magazine which provid inforniation regarding the rni5sions th¢y are supporting in Afriea and other deprived areas. Donations are received from the recipients of the magazine and are utilised in giving donations to the missions in Afrita and other deprived areas. Reserves policy The General Fund represents the llnrestricted funds arising from past operating results. It also represents the free res¢rv¢s of the charity. The tru5tee5 have ¢xarnined the requirement to rnaintain free reserves and concluded that the most appropriate level is around 4 months of resources expended which would equate to £19.845. At the 30 September 2025 the charity had free reserves of £171,013 (2024 £163,133). STRUCTURE. COVERNANCE AND MANAGEMENT Governing doeument The Sisters of St. Peter Claver (Scotland) is a religious missionary congregation estsblished in Scotland. The congr¢gatiOn 15 ¢0nstitut¢d of religious wornen who are T)Ot an en¢losed order, but live in the cornmunity and work in Scotland for the furtherance of the charity's pUoses. Recruitment and appointment of new trustees Trustees are appointed when they receive a letter from Rome confirniing that they are to take over a ¢erfain ¢ommunity. Th¢re is 8 hand over period with existing trustees in which the new trustees learn what 15 involved in their role. Page I
SISTERS OF ST. PETER CLAVER (SCOTLAND) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2025 REFERENCE AND ADMINISTILITIVE DETAILS Registered Charity nurnber SC016741 Prlncipal addres5 57 Motherwell Road Bellshill North Lanarkshire ML4 2JA Trustees Sister B C Kutt]Trkattil Sister E Felcia Independent Examiner Maureen O'Donnell (FCCA) McDaid & Partners Stanley House 69171 Hamilton Road Motherwell Lanarkshire MLI 3DG Approved by order of the board of trustees on .......... l.b..K2.L................. and signed on its b¢half by. Sister E Felcia- Trustee Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SISTERS OF ST. PETER CLAVER (SCOTLAND) I report on th¢ ae¢ounls for the year ended 30 September 2025 set oui on pages four to eleven. Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts in accordance with the ternis of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities A¢oounts {S¢otland) Regulations 2006 (as amended). The charity's tNstees consider that the audit requir¢ment of Regulation 10(IKa) to (c) of the Accounts Regulations doe5 not apply. It ss my responsibility to examine the accounts as required und¢r Section 44(1)(c) of the Act and to state whether particular matters have come to my attention. Basis of the indep¢nd¢nl examiner's report My examination was catTied out in accordance with Regulation I l of the Charitie5 AOUnts (Scotland) Regulations 2006. An examination includes a revi¢w of the accounting records kep( by the chariry and a eomparis(>n of the a¢¢ounts presented with th05¢ records. It also includes consideration of any unusual items or disclosures in the accounts. and se¢king explanations from you as tnjstees concerning any such matter5. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the a¢¢ounts. Independent exAminer's $tstement In connection with my examination, no matter has come to my att¢ntion- (l) which gives me rea50nabl¢ cause to believe that, in any material respect. the requirements to keep accounting records in accordance with S¢¢lion 44(1)(a) of the 2005 Act and Regulation 4 of the 2006 Accounts R¢gulations' and to prepare accounts which accord with the aecounting re¢oTd5 and to comply with Regulation 8 of the 2006 Accounts Regulations hav¢ not been met. or (2) to which, in my opinion. attention should be drawn in order to enable a proper understanding of the a¢¢ounts to be rea¢he(L Maureen O'Donnell {FCCA) The Association of Chartered Certified Accountants McDaid & Partners Stanley House 69171 Hamilton Road Motherwell Lanarkshire MLI 3DG Date.. Page 3
SISTERS OF ST. PETER CLAVER (SCOTLAND) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2025 30.9.25 Unrestrict¢d funds 30.9.24 Total fimds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 69.911 72,365 Charitable gctivities Charitable activities 4.974 5.951 Investment income 700 Total 74,885 79,016 EXPENDITURE ON Ch8rit8ble #ctlvitles Magazine activities Charitable activities Governance costs 7,446 59,151 11,911 68.994 840 Other 8,216 Total 67,437 89,961 Net gainsl(losses) on investments (2.862) NET INCOMEI(EXP£NDITURE) 7,448 (13,807) RECONCILIATION OF FUNDS Total funds brougbi fonvard 331254 345,061 TOTAL FUNDS CARRIED FORWARD 338,702 33 1,254 The not¢5 forrn part of these fjnancial statements Page 4
SISTERS OF ST. PETER CLAVER (SCOTLAND) BALANCE SHEET 30 SEPTEMBER 2025 30.9.25 Unrestricted fid$ 30.9.24 Total fund5 Notes FIXED ASSETS Tangible assets 167,689 168.121 CURRENT ASSETS D¢btor5 Cash at bank and in hand 6.511 157,462 171.852 171,852 163,973 CREDITORS Amounts falling due within one year 10 {839) (840) NET CURRENT ASSETS 171.013 163,133 TOTAL ASSETS LESS CURRENT LIABILITIES 338,702 331,254 NET ASSETS 338.702 331,254 Unrestricted fijnds 338.702 331.254 TOTAL FUNDS 338,702 331,254 ciaI. statements w¢r¢ approved by the Board of Trustees and authorised for i&%ue and were signed on its behalf by-. on E Felcia- Trustee The noles fom part of these financi statements Page 5
SISTERS OF ST. PETER CLAVER (SCOTLAND) NOTES TO THE FINAP4CJAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 ACCOUNTING POLICIES Basis of prepsrlng the fingDcial statement$ The fman¢ial Statements of the charity, which 15 8 public benefit entiry under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Stateent of R¢cotnmended Pra¢tite applicable to charities preparing their accounts in accordan¢e wilh the Financial Reporting Standard applseable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reptsrting StandaTd 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities and Tru#ee Investment (Scotland) Act 2005. The financial statements have been prepared 4md¢r the historical c05t convention. Income All incoming resources are included in the Statement of Financial Activities when th¢ chariry is entitled tts th¢ in¢orne and the amount can be quantified with reasonabl¢ accuracy. The following specifJ¢ policies are applied to particular categories of iDcome'. Voluntary in¢om¢ is received by way of grants. donations and gift5 and is included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific perfomiance by the charity, e reCOLsed when the charity becotnes unconditionally entitled to the grant. Donated services and facilitie5 are included ai the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts. - Investsn¢nt income is includ¢d when receivabl¢. - In¢oming resources from charitable trading activities are a¢¢ounted for when earned. Incoming Tesources from grants, where related to perforniance and specific deliverables, are accounted for as the ehariry earns the right to consideration by it's perforniance. Income is only deferred when.. - The donor specifies that the grant or donation must only be used in future accounting periods,. or - The donor has imposed conditions which must be met before th¢ charity has unconditional entitlement. Expenditure Expenditure i5 recognised on an a¢cruals basis as a liabiliry is incurred. Expenditure includes any VAT which nnot be llY recovered and is reported as part of the exp¢ndiNre to which it relates.. - Costs of generating fid5 cornprise the costs associated with attra¢ting voluntary in¢ome. Charitable expenditure ¢omprise5 those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. Lt includes both costs that can be allocated dir¢¢tly to such activitie5 and those costs of an indirect natur¢ necessary to support them. Governance costs include th05¢ costs associated with meeting the con5tilutional and statutory requirements of the charity and include the independent examiners fe¢5 and costs linked to th¢ Strategic management of the thaTity. All costs are allocated beThveen the expenditure categorie5 of the SOFA on a basis designed to reflect the use of the r¢source. Costs relating to a particular artivity are allocated directly, others are apportioned on an appropriate basis. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful Fre¢hold property Fixtures and fittings noi provided 20Q/o on reducing balance Page 6 continued...
SISTERS OF ST. PETER CLAVER (SCOTLAND) NOTES TO THE FINANCIAL STATEMENTS- eontlnued FOR THE YEAR ED4DED 30 SEPTEMBER 2025 ACCOUNTING POLICIES- continued Tangible fiied assets Motor vehicles Equipment 250/0 on reducing balance 200/0 on reduring balance Investment property Investment property is shown at Tll05t recent valuation. Any aggregate SUluS or deficit arising from changes in fair valu¢ is recognised in the Statement of Financial Activities. Taxatlon Sisters of St. Peter Claver {Scotland) is a charity within the meaning of Section 467 of the Corporation Tax Act 2010. Awordingly, the charity is potentially exempt from taxation irt respect of income or capital gains r¢¢¢iv¢d withit) categories covered by Chapter 3 of Part I l of th¢ Corporation Tax A¢t 2010 and Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that such income or gains are applied for ¢harilabl¢ purposes only. Fund aeeounting Unrestricted fidS ¢an be used in accordance with the charitsble objectives at the discretion of the knjstees. Restricted funds can only be used for particular restri¢red purposes wiihin the objects of the Charity. Re$triction5 arise when specified by the donor or when fid5 are raised for particular restricted purposes. Further explanation of the nature and purpos¢ of ¢a¢h fvnd is included in the notes to the financial statements. DONATIONS AND LEGACIES 30.9.25 30.9.24 Donations Mission receipts 46.848 23,063 54,846 17,519 69,911 72,365 INVESTMENT INCOME 30.9.25 30.9.24 Rents r¢c¢ived 700 Page 7 continued...
SISTERS OF ST. PETER CLAVER (SCOTLAND) NOTES TO THE FINANCIAL STATEMENTS- Continued FOR THE YEAR ENDED 30 SEFfEMBER 2025 INCOME FROM CHARITABLE ACTIVITIES 30.9.25 30.9.24 Activity Charitable activities Magazine Income 4,974 5.951 CHARITABLE AcfIvITIES COSTS Direct Costs Support costs Totals Megazine activitie$ Charitable activities Governance costs 7,446 59.151 7,446 59,151 840 840 66,597 67,437 TRUSTEES, REMUNEEL4TION AND BENEFITS There were no tru5t¢es' remuneration or other benefits for the year ended 30 Sept¢tnber 2025 nor for the year ended 30 Septetnber 2024. Tru5tees' expenses There were no trustees, expens¢s paid for the year ¢nded 30 September 2025 nor for th¢ year ended 30 September 2024. COMPARATIVES FOR THE STATEMEIYT OF FINANCIAL AcfiviTIES Unrestrieted funds INCOME AND ENDOWMENTS FROM t)onations and legacies 72,365 Charitable actiyities Charitable activities 5.951 Investmenl incorne 700 Tot31 79,016 EXPENDITURE ON ChF4ritAble Aetlvitie5 Magazine activities Charitable activities Governance costs 68,994 840 8.216 Tot31 89,961 Net gainsl(losses) on investments (2,862) NET INCOMEI{EXPENDITURE) {13,807) Page 8 ontinued...
SISTERS OF ST. PETER CLAVER (SCOTLAND) NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 30 SEPTEMBER 2025 COMPARATIVES FOR THE STATEMENT OF FIf4ANCIAL ACTIVITIES- continued Unrestricted fijnds RECONCILIATION OF FUNDS Total fijnds brought fonvard 345,061 TOTAL FUM)S CARRIED FORWARD 331,254 TANGIBLE FIXED ASSETS Fixtures Freehold property Motor vehicles fittings Equipment Totals COST OR VALUATION At l October 2024 and 30 September 2025 166,278 15,097 8,478 12.848 202,701 DEPRECIATION At l O¢tober 2024 Charge for year 15,086 7.219 315 12,275 115 34,580 432 At 30 September 2025 15,088 7.534 12,390 35,012 NET BOOK VALUE At 30 September 2025 166,278 944 458 167,689 At 30 September 2024 166,278 1.259 573 168,121 Cost or valuation at 30 September 2025 is represented by.. Fixtures Fr¢ehold Propety Motor vehicle5 fittings Equipment Totals C05t 166,278 15,097 8,478 12,848 202.701 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.9.25 30.9.24 Prepayinents and aTU¢d income 6.511 Page 9 continued...
SISTERS OF ST. PETER CLAVER {SCOTLAND) NOTES TO THE FINANCIAL STATEMENTS- eontinued FOR THE YEAR ENDED 30 SEPTEMBER 2025 io. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 30.9.25 30.9.24 Other creditors 839 840 ii. MOVEMENT IN FUNDS Net At 1.10.24 movement in funds At 30.9.25 Unrestrieted funds General fund 331.254 7,448 338,702 TOTAL FUNDS 331,254 7,448 338,702 Net movement in fund5, included in the above are as follow5.' ID¢OrnSng resources Resources exp¢nded Movemeni in funds Unrestricted fund% General fund 74.885 (67.437) 7,448 TOTAL FUNDS 74,885 (67,437) 7,448 Comparatives for movement in funds Net movement in fun(ts At 1.10.23 At 30.9.24 Unrestr5Cted funds General nd Fair value reserve 326,318 18.743 4,936 {18,743} 331,254 345,001 (13,807) 331,254 TOTAL FUNDS 345.061 (13,807) 331,254 Cotnparative net movement Én nds, included in the above are as follows.. Incoming resources Resources expended Gains and 105ses Movement in fidS Unrestricted funds General fimd 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) Page 10 continued...
SISTERS OF ST. PETER CLAVER (SCOTLAND) NOTES TO THE FINANCIAL STATEMENTS - contlDued FOR THE YEAR ENDED 30 SEPTEMBER 2025 ii. MOVEMENT IN FUNDS- continued A current year 12 month5 and prior year 12 months tombined position 15 as follows- Net movement in fimds Ai 1.10.23 At 30.9.25 Unrestricted fund5 General fijnd Fair value reserve 326,318 18.743 12,384 (18.743) 338,702 345,061 (6,359) 338,702 TOTAL FUNDS 345,061 16,359) 338,702 A currenl year 12 months and prior year 12 months Combined net movement in funds. included in the above are as follows.. Incoming resources Resources expended Gains and 10ss¢5 Movement in funds Unrestricted funds General fid Fair value reserve 153.901 (157,398) 15.881 (18,743) 12,384 (18,743) 153.901 (157.398) (2,862) (6,359) TOTAL FUNDS 153.901 (157,398) (2.862) (6,359) In¢lud¢d within the general fimd are funds designated to fjxed assets of £167.689 (2024 £168,121). 12. RELATED PARTY DISCLOSURES There were no related party transactions for the year ¢nded 30 September 2025. Pagell
SISTERS OF ST. PETER CLAVER (SCOTLAND) DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2025 30.9.25 30.9.24 INCOME AND ENDOWMENTS Donations and legacies DoT)ations Mi55ion receipts 46,848 23,063 54.846 17,519 69,911 72,365 Investment income Rents received 700 Charitable activities Magazine Income 4,974 5,951 Total incoming resources 74,885 79.016 EXPENDITURE Ch8rit8ble aetivities Donations made House management Magazine 24,029 35,122 7,446 39,251 29,743 11.911 66.597 80.905 Other Rental property costs 8,216 Support eosts Governanee eosts Accountsncy and legal fees 840 840 Total resource5 exp¢nded 67,437 89,961 Net incomel(exp¢nditure) before gains and losse5 7,448 (10,945) Realistd recogni5ed gaills and 10s5es Realised gainsl(10sse5) on investsnent property 15,881 Net Income 7.448 4,936 This pag¢ doc5 not fomi part of lh¢ staMtory financial statements Page 12