Orting the cofft THE PASTORAL CARE TRUST- THE ST NICHOLAS CARE FUND (LIMZD BY GUARANTEE) FINANCLIL STATEMENTS YKAR ENDED 30 SEYfKMBER 2025 Company No SC145282 Charity No SC029832
THE PASTORAL CARE TRUST- THE ST NICHOLAS CARE FUND FINANCIAL sfATETrTKNI5 FOR THE YEAR ENDED 30 SEpfEMBER 2025 INDEX PAGE Report of the Truslees Independent Examinerfs ReF Accounting p)li¢i¢s Statement of finaELcial activities 12 Balance sheet 13 Notes to the financial slatancnts 14- 18
THE PAsfoRAL CARE TRUST- THE ST NICHOLAS CARE FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 Company R¢gistrntion Number: SC145282 Charity Number.. SC029832 KeB15terEd OtTice'. ArchdAeSe of Glasgow Curial Ofyices 196 Clyde Stred Glasgow Gl 4JY Directors.. Fnk P McCotmi¢k John Bernard GeggaD Johti McHugh- resigned 8 July 2025 B¢mi¢e Brady Grace ATM Buckl¢y Monsi8nor Hu8h Bradley Brendan Be Archbishop WilliAm Nolan Kenneth McCrorri¢- appoint¢d 3 Swt¢mb¢r 2025 Co-ordinator. Sheena Kenny Company Secretary: Frank P McCI)nnick Bank¢rs: Virgin Money 145 Clyd¢ Str¢et Glasgow GI 3BJ Solicitors: McSpaTrdll Mccomiiek Wat¢rl(M) ChamFKrs 19 WatffI Street Glasgow G2 6AH Independent Examiner Linda Chalmers FCCA Chalmers Ac¢ourttants Chartered CertifJ¢d Antaftts 85 Glasgow Road thmbarton G82 IRE Website:
THE PASTORAL CARE TRUST- THE NICHOIAS CARE FUND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 SEPTEMBER 2025 The Tee$ present their annual re1 together with tk financial statements for ihe y¢ftr ended 30 September 2025. These rewrts also prepared to meet the r4uircm¢nts for a Direct3. Report WKI Aecounts for Comparties Act puryw. The financial statements comply with th¢ Charili¢s Accounts (Scotland) Regulations 21X)6 (&s emendedx the Companies Act 2006. the Memorandum and Articles of ASS1&t]0n. and AoUnting and Rep)rting by Charities: Sthtement of Recommended Practice applicabl¢ to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ijrland (FRS 102). The Pastoral Care Trust - Si Nichotas Care Fund (PCT- St Nicholls Care Fund), a private company limited by uuarantee (SC145282k w&s established in 1993 and is recognised by th¢ Office of the Scottish Chority Re.tvulator as a chariry {SC029832). The company is re¢ogni5ed by HM Rev¢ And Customs as having charitsble status for the purSe8 of Section 505 of the Income and Co¥FKJration TLxes Act 1988. The ¢haritsble objects and powers of th¢ company are estsbli5h¢d under its Memorandum of As51xiati(trn and the Trust 15 governed by its Articles of AssociatioTh. The Trnst is an 08¢ncy of the Archdiocese of Glasgow although the assistance provided is not stricted to activities or inteyests within the CatholTe Church. R¢f¢rence and administralive inf0ma1m is kn on page 3, iJK1ln8 those who served as directors (charitable truslees) during the year. The Board meets quarterly alld the Trustees gree the broad strategy and areas of activtty for the Tnt. including wnsiderdtion of grant makirt& investmenL reserv¢s And risk management liCIeS and fornIan¢e. The day-t day administration of grwI tlie proce5sin& supp)rt and handling of applications prior lo their consideration is delegated to the CcTrordinator. New Trnstees are apFAJinted through a prnCe of r0MMendatIOn lo th¢ Board and subsequent invitation where appropriate. Copies of the meondum and Articles or A&sociation aThl Financial statemen 4long with the policy guidance on 8rt-MakinS. are provided to new Tnjstees OPF*xtynitie5 are given for meetings witb Board members and the cOrdInatOr to dIU5S roles and res[AM]bilItse Charity Law requires lh¢ Trustees to prepare financial statements for each financial Friod which give a tThe and fair view of the state of affaiTS of the Trnst for that period. In preparing these financial ststements the TTu#ees 8re wulred to: s¢lect SUAtsble acc(wnting wlicies and aN)ly th¢m consistently: make judrwem¢nts and estimhtes that are reasonable and prtent prepare financial staternents on the going concern t&sis unless there are indications to th¢ contrary.
THE PASTORAL CARE TRUST- THE ST NICHOLAS CARE FUND REPORT OF THE TRUSTEES (continued) FOR THE YEAR ENDED 30 SEvfEMBER 21125 The Trnstees are respx)nsible for keeping prow accounting record4 for safeguarding the assets of the Trust and for taking reasonable Steps for tbe prevention and detection of fraud and other itre8ularitiC5. Th¢ Trust exists to wovidc help in Christ's name to those mosl in need in society. regardless of race. ¢olour or ¢r¢¢d. Th¢ objects of the Trust are the relief of poverty. hardship and distress among pe¥sons suffering from old ag4 mental or physical disability, drng or alcohol dependency and the lvancement of educalion in all matter5 affecting young p¢rsons. The PCT - St Nicholas Care Fund achieves these objectives by awarding grants to groups and organisations who work with th05e most in need in the Community. Th¢ Board's granl making policy is s¢t out in full in th¢ Grants Guid8nce Pack which may b¢ obtained from th¢ regislered offi¢e. Generdlty. 8rdnts are available to groups and or8anisations workin8 lo1 communities to meet the needs of disadvantsgd people or group& The Trust encourages application5 from new and innovative projects, will not nonnally eommit to long-terni funding or proje£ts, does not provide help to individuals for personal benefit or to organisations for salary budgels or d¢ficits and dLYS not offer assistaTrce to any group involv¢d in w)litical paIgnIng whether or not gss(Kiat¢d with tho Church. OrgAnisations apptying for grants must tomplcte a $tsftd fomi and give details of how the grant would be used. Guidanee notes are provided with all application forms and both documents are available on the Archdiocesan webpage. The Tt checks the charitable ststus of applicants where appropriat¢ and requires full financial inforniation on the or8anisations requestin8 lstanCe as well as reqyirin8 suilabl¢ rrferertces. Grant 4ppli¢ations are considertd on an ongoing basis by the Trustees and grants are paid wtthin two weeks of the Trnstees forn)al Approval. Grants can be Awarded up to a maximum of £15,000. with averaB¢ of £2,300 per nI. Suttessful projects are monitored within six months of th¢ grant being awarded. The Collaboration with Faith in Communty (Scotl8nd} means that situations of need Art Communicate often resulting in one charity being able to suplxfft a project wh¢n the other is unable to do so. ACHIEVEMENTS AND PERFORMANCE Dollliolls aDd Allocation of FuDd# - The Tntst ts mainly funded by donations from the parishes in the Archdiocese of Glasgow. These donalions are received principally during the seLson of Advent when the third Sunday in Advent is set asid¢ as C8rin8 Sunday and a pulpit apF¢al on ihAt day realise$ on &vernge £40.iXIO. In anti¢ipation of Adven( the Tmst al distributes Advent Boxes to every parish in the Archdi¢$¢ and to the prim8ry and secondary schools upon requesL Supporters are encouraged to fill th¢ boxes and return them to the Trust as soon as p)ssibl¢ within or after th¢ Christmas period. Following ea¢h Advent Appeal. there ts usually a small num of new donors who wish to cA)ntribc by monthly standing order. in addition to significant numbers of annual and one-off donations reeeived from individuals.
THE PASTORAL CARE TRUST- THE ST NICHOIAS CARE FUND REPORT OF THE TRusfEES (contiDued) FOR THE YEAR EF4DED 30 SEMMBER 2025 ACHIEVEMENTS AND PERFORMANCE {Con¢inved) Support- The Tnist has agre lo support: groups and organisations within the geographi¢al &re4 from which funds are Ta15ed. This includcs th¢ Clty of Glasgow and Distri¢ts of East and West Dunbartonshire. North and Soud) IAnarkshir4 R¢nfrewshir4 Fasl Renfrewshire Jnd Inverclyde and the w¢stem part of Argyll and Bufc District around Hel¢nsburgh and the GaTeloch: 8TOUPS and organisations consisting mainly of volunteers working in ¢ommunities where fid5 are Ilmit and Fxtrvty and deprivation are daily realitie groups and (xganis8tions supporting refugees and wlum seekers. During the y¢ar. the Trnst rec¢ived 64 applications for furmling of which 27 (42•/o) were awarded a granL Total grant$ awarded wer¢ £72.788. The 5ele¢tion of example5 b¢low d¢monstrates the rdnge diversity of the projects funded.. Sunny Cycles was 2WaTded £4.095 to purchas¢ ¢quipment and wami. Iwotective Clothing to encourdgc r¢fu8¢¢S toioin group cycles. Tolleross Commllnity Tnt was awarded £4.185 to Purch furnishing5 aTKI small electrical equipment to assist in the rehoming of homeless people. • Outdoors for You was awarded £2,CrfX) to fund construction of a seating 5hclt¢r to enhance & community grnwing PToje¢L AwArenes8 abd Sopport - Raising the profik of the Care Fun r¢qu¢sts for financi81 support and inforniaiion on how to apply for fLmding has been iiicrea5ingly conducted electrOnilly. The P&storal Care Fund's website has been key to keeping inforniatio upto4ate and accessible. Infornjation also been disseminated via Flourish. the newspaper of thc knhdiwese of Glasgow. and the on•line resouT¢es of Scotlith Cowicil fv Yolwiw orglSrIc¥. Glasg(pw Life MF18S¢IQ•id
THE PASTORAL CAKE TRUST- THE sr NICHOLAS CARE FUND REPORT OF THE TRUSTEES (eondnlled) FOR THE YEAR ENDED 30 SEwfEMBKR 2025 FINANCIAL REVIEW The financial ststements are pr¢s¢nted in acwrdanee with the legislation governing the reporting of ¢hariti¢s in the Charities and Trnstee Investment (Scoiland) Act 2005. the Charities Accounts {S¢otland) Regulations 2006 (as amended) and Accounting and Reporting by Cliarities.. Statement of Recommended Practice applicable to charities preparin8 their counts in accordance with the Financial Reporting standa application in the UK and Republic of Ireland IFRS 102). The Trustees reFKJrt a 5UTplus of £12,243 for the year (2024: surplus of £103.865) and net current assets of £50,866 (2024: £63.743). Investments The investm¢nts of the Tnt include a FM)rtfolio of divers¢ sto&s and shares of £609.103 at 30 September 2025 {2024: £583.983). managed on a discretionary basis by independent sto¢kbrok¢rs. Stralegv The FK)licy of the Tnt is ftlr the investmellt prtfolio to k managed on the b1$ that th¢ primary objective is a balaThce between capital growth and income UMUlation. subject to a medium degree of risk. Eihical Considerations The Trust seeks not to invest in equili directly or moinly involved in the manufactur¢ andlor the supply of goods and 5¢rvices whi¢h would be in ¢onflicl with th¢ t¢achings of th¢ Gosp¢l and the s141 t¢achings of th¢ Catholi¢ Churc14 particularly those leachin8s which promo1¢ the dignity of the human person. the saneiity of human life and the imperntive of peace on earth. Inv¢slm¢nt managers have been instructed to ensure that die specific scle¢tion of investmenis should tske into account the ethical position of the Catholic ChUh. Yaluation o/In3£en[ Porrfolio Sales of investments during the year produced a gain of £6.614 (2024: loss £1.734) and ihe r¢valuation of the wrtfolio at the end of the fjnaneial year gave rise to an unrealised gain of £21.593 (2024 gain= £64.171). IM)th of which are included in the Statement of Financial Activitie5. Rlsk Aswsment The Trusi¢aS have conducted iheir own review of the major ri5k$ to which the company is exposed and systems have been eslablished to mi¢igat¢ thos¢ risks. Internal risks ar¢ minimi5ed by the implementation of procedures for authorisation of all transa¢tions and projects and to ensure consistent quality of delivery for all opcralional aspects of the charitable Trust. These predureS are peTiodically reviewed to ensure ihat they still me¢t the needs of th¢ charity.
THE PASTOIiAL CARE TRusf- THE ST NICHOLAS CARE FUND REPORT OF THE TRuEEs Icontinued) FOR THE YEAR ENDED 30 SEFfEMBER 2025 FINANCIAL REVIEW (Conlinved) Reserva Polity & Going Concern The General Fiind is held for th¢ wrpose of the day-tcdoy cash flow requirements of tlie Trust and is unrestricted. As at the year erf th¢ value of Unrtstri¢t¢d Fieserves was £497.355 (2024: £490J30) and th¢ value of Restricted R¢s¢rves was £162.614 (2024: £157,396). The current level of Re5ttv¢s are suificient to fund the IoDg term activities of the Pa0[41 Care Fund. No materi41 uncertainties exist at the balance sheet dale. Disclosure Requirements For th¢ year ended 30 Sept¢mbeT 2025, the company was entitled to exemption from audit of it5 fiiiancial statements under section 477 of the CompaDi¢S Act 2006. No notice has been deposited by m¢tnb¢rs under 5tctioD 476 ulling for an audii in relation to these finan¢ial statements. YUTURE PLANS The work of the TTUSt will continue to be promoted in 8CCA)Tdan¢e wilh its objectives. Approval This Report has bctn prepwd having tsken advantage of the Small Companie5. Exemption ill th¢ Companies Act 26. The accou were 44Kovcd by th¢ Board of Trustee5 and Sign on their behalf by Archbishop William Nol8D Director John Geggan Director Date- 2lJune 2026
REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES OF PASTOIL4L CARE TRusf- THE sr NICHOLAS CARE FUND I report on th¢ accounts of the charity for the year ended 30 September 2025 which are set out on pag¢5 4 to 18. Respectlyt YosponsSbli i¢ifs oftrnstees and ¢]Der The charity's trustees {who are aIso directors of the company for the Purpo of CompAny Law) are responsible for the preparntion of the a¢¢ounts in ac¢(Jrdanc¢ with the lern]s of th¢ Chariti¢$ and Trustee Inves*ment (Scotland) Act 2005 and th¢ Charit1¢5 Accounts (Scotland) Regulations 2006 (as amended). The charity trustees con5idcr that the audit Tequirement of Regulation 10(1) (a) to (c) of the 2006 Accounts Regul10n5 does not apply. It 15 my responsibility to &x8min¢ th¢ acwunts as qUired under section 4411) (c) of the Act and to stste whct]ier particular matters hav¢ come to my attention. BASIS of IlldepeDdeDt K3arnin¢T'S rewirt My examination is caffied out in aCCQTdance with ReglatiOn I l of the 2006 Accounts Regulations. An examination includes a review ofihe a¢¢ounting r¢cords kwt by th¢ chartty and a wmporison of th¢ 8nts presented with those records. It also includes constderalion of any unusual items or disclosures in the accounts and seeks explBnations from the trustees concerning any Such matters. The pmcedures undertakert do not provide all the evidence th would be required in an audic and consequently I do not ¢xpr¢ss on audit opinion on the view giv¢n by the acrounts. Illdependeni Examlner's 8tAlem¢nl In the course of my exAminatioffj no matter has come to my attention which giv¢s me r¢&8onable cause to believe that in any rnaterial respect the reqtsirem¢Tits: to keep accounting records in a¢cordanL% with Section 44(1) (a) of th¢ 21x15 Act and Regulation 4 ofthe 2006 Acc(WTIts Regulations to prepare accounts which accord with the accounting rec(Yds and comply with Regulalion 8 ofthe 2(K)6 Accounts Regulations have not been m¢ or 2. to which. in rny opinion, attention should k dTawn An order to et18 a prop¢r understAndin8 of the financial statements to ix reached. Linda Chaimers FCCA Chalmers Accountants Chartered Certified Accountants 85 GIg0W Road Dumbarton G82 IRE Date: 2 June 2026
THE PASTORAL CARE TRusf- THE NICHOLAS CARK FUND PRJF4CIPAL ACCOUNTING POIICIES FOR THE YEAR ENDED 30 SEvfEMBER 2025 General IDforni#tlon Ind Imsis of preratIO llie P&storal Care Trust- St Nicholas Ca¢ Fund (PCT- St Ni¢holas Care Fui)d). 8 privute company limited by 8u¥ranltt (SC145282k was established in 1993 #nd is recognised by the Office of the Scottish Charity Regulator as a charity (SCW29832). In the ¢v¢nt of the charity being wound UP• the liability in respeth of the guarantee is liniited to £1 per member of the harity. The address of the registered otTice is givcn in the charity inf¢)rn]aiion on pag¢ 3 of tli¢s¢ financial slaternents. The natsre of the Charity's operation5 and principal activities are to provide help in Chri5t'5 nam¢ to those most in need in society. regardless of race. col(wr or creed. Th¢ objects of the Trtl are the relief of poverty. h4rdship and distress among F¢f50ns stsffering from old age. mental or phystcal disability. drug or alcohol dep¢i)d¢ncy and the advancement of CAUtion in all rnatte affecting young persons. The pcr - st Nicholas Care Fund achieves thcsc objectiv¢s by awarding grants to groups 8nd organisations who WOTk with those most in need in the community. The charity constitutes a public efit entity a5 defined by FRS 102. The financial statsmenÉs hav¢ ken prerArryJ in aCcoance with Accounting and Rew)rting by Charities: Statement of Recommended Practice applicable to charities preparin8 their accounts lll accordance w¥th the Financial Reporting Stsndard applicable in th¢ UK and Republic of Ireland issued in October 2019, the Financial R¢porting S¢Jndard applic&bl¢ in the United Kingdom and Republic of Ireland (FRS 102k the Charites Act 2011. the Companies Act 2006 and th¢ UK Generally A¢pI¢d Accounting Practice. The financial 5tstcm¢Bts ar¢ pr¢paTed on a goino concern basis ut)der the historhc cost convention, m(Klified io inclutk certain items at fa7r value. The fina18] statements are presentrd in sterling whlcl) As the functiona] currency of the charity and rounded to the earest £. The Sigtricnt 8cci)unting kK)licies applied in the preparntion of these fuwicial 5tat¢m¢nls set out below. These policies have been consTsiently applied to all yeaT5 presented unless otberwis¢ ststed. Fund¥ Unrestrieed Funds are available for use at the discretion of the trustee5 in furtherance of the gener81 objectives of the Charity and which have not been d¢signated for other puFpos¢s. Designated funds comprise unrestricted funds that have ix¢n set aside by the tn for particular purpose5. The aim and use is set out in th¢ noteslo the financial 5tatetnents. Restricted funds are fvnds which are to be used in a¢cordance wsth specific r¢slrictii)ns P05¢d by donors or which have Ixen rdised by ihe ¢knrity foT Particular purposes. The cost of raising and administeTiDg such hnds ¢harged against th¢ srrtific fimd. ID¢oming Re4ourfes Incoming Resources are the totsl Tesources Teceiv8ble by the Trust in the ordinary course of busiiiess including pa5tordl donations gnd ¢oll¢ctions. io
THE PAORAL CARE TRUST~ THE NICHOIAS CARE FUND PRINCIPAL ACCOUNTING POLICIES (Conilnued) FOR THE YEAR ENDED 30 SEFfEMBER 2025 Granti Grants are accounted for when they are paid by the Trust. Depretiatiott Depreciation is calculated to write down the cost or valuation kss estimated residual value of all tangible red asset4 excluding investsnent properties, by equal annual instalments over their expected useful lives. Th¢ rntes generally applicable Computer equipment- 330/• love8tments Investments are recognised initially 01 fair value which is nornially the ttS8¢11n pri¢¢ excluding transa¢tion ¢osts. Subsequently. they are measured at fair valu¢ with ch8nges recogrnised in Net GaIn(LA)Sses) on investments. in the SOFA. In¢ome from llavestments Invesknent income compriw dividends d1•1 during the accountin8 Friod. Ruourees Ended Fxpenditijre is recognised on an accnlal b&sis as a liability is incurred. ExrKnditure includes any VAT which ¢8nnot be fully reWVer and is reKx)rted as part of the expenditure to which it relaies. Costs of generating funds comprise the expenses in connection with fundraising aciivilies design to g¢n¢rale funds. Charitabl¢ ¢xndItUre comprises those costs incurffd by the charity in the delivery of its activities and servic¢5 for its bencficiaries. It includes cost5 that b¢ &llo¢ated directly to such activities and those costs of an indircd natur¢ necessary to supw)rt them. Govemance costs include those costs associated with meetittg the ¢onstitutionaI and statulory quircmcnts of the ctwity. including indetKndent examination fees. Debtors and Creditors reeeiY2ble / payable within one year Debtors and creditors with no stated interest rdte and receivable or payable within one year are recorded at transKtion pric¢. Any 10s5es arising from impairnicnt are re¢ognised in exp¢nditur¢ Flllancial lll8trnments The Trnst only has fmancial assets and financial liabilities of a kTnd that qualify as basic financial instrumcnts. Basic financial instruments are initially recognised at trdnsttction value and subsequently mwured at their settlement value with the exception of bank loans which are subsequently measured at amorti5ed cost using the efftttive interest method. li
THE PASTORAL CARE TRUST- THE ST NICHOLAS CARE FUND STATEMENf OF FINAI¥CIAL ACTIVITILS (Sncluding Ineome and Expenditur¢ Sta(ememl) FOR THE YEAR ENDED 30 SEPTEMBER 2025 TotAI Funds 2025 TotAI Fulldy 2024 UnTestrlctrd Restritted Fmnds Funds Note Income and Endowments from: Lk)iiation$ aftd legaci Charitablc a¢tivities Inwme from inv¢stments 62.612 7265 12.665 62,612 7265 16,730 49,267 55.480 16.388 4,065 Total Income 82¥2 4,065 121.135 Expenditureon: Raising ndS Charitsbl¢ a¢tivities 4.698 92,172 4,698 97,873 4,190 75.517 5,701 Tot1 Expelldhure W70 $701 lo271 79,707 Net Gain5 011 investment &ss¢ts 21.353 6,854 28,207 62,437 Nei Income Net Movement in 5218 12243 103065 Recon¢llia¢ioll offndS. Total funds brought forward 490.330 157.396 647,726 543,861 Total funds earrfed fonvanl li 497J55 162.614 659.969 647.726 The accompanying accounting pli¢ies and nces fomi In inte1 part of th¢ fmancial statements. 12
THE PASTORAL CARE TRUST- THE ST NICHOIAS CARE FiIND {Company No SC145282) BAIANCE SHEEf AT 30 SEFfEMBER 2025 No 30Ab9ns 30109n4 Irixed assets Tangible assets Investments 609,103 583,983 609.103 583.983 CurreDi ysets C&sh at bank and in hand Debtors 41.753 14,573 56J26 62.643 3.992 66,635 Current liabilitie8 Creditor5: amount falling due within nne year 5.460 2.892 Net ¢urreDt 888ets Net gssets 659,969 Unreslricled funds Restrict funds 497,355 162,614 490.330 157.396 Total Charity Fundy 659.969 647,726 For the year ended 30 Septernber 2025. the cornpany w&$ entitled to exemption from audit un(kr scction 477 of the compani Act 2(K)6 relating to sma]I comtoni¢& TTU5t¢e5' re5rw5ibiEilie5: The members have not required th¢ rnpanY ¢0 obmtn audit of its financi8] statements for the y¢aT In question in acrdance with Section 476- The Trustees acknowledoe ther responsibilities foT ¢omplying with the r4uirements of the Companies Act 2006 with respect to &eounEin8 recoTd8 and the preparation of financial 5tat¢ments. These finan¢ial &iements have been prepared in rdance with the proYisioDS applicable to companEes subject to th¢ small ¢ompanies' regime and the Financial ReFKJrting Standard for Srnall¢r Entities {effeclive January 2015) and the SORP..-Ac¢ounting and Rep)rting ty Charities (FRS 102). The finan¢ral sl8ternents approved by the Board of Directors on 2 of June 2026 Archbishop William Nolan D1ctor John Ge1 Dire¢tor The accompanying accounting lIcI¢S and JKYtes fonn an integrnl part of these fu)aDciaL statemen 13
THE PASTORAL CARE TRusf-THE NICHOLAS CARE FUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEFfEMBER 2025 Income- Donations and Ia¢le¥ Unreltrieted Funds 1025 UDr¢8triettd F•Ads 2024 Pthri$h Collections 62,612 49267 49 67 2. Income- Charitable A¢iMtk8 Unrestricted Fundj 2025 Unresir6eted Funds 2024 Donations 7.265 55.480 7.265 3. Income- Iuvestm¢ni Income UDreslrl¢ted Re5¢ricted Fund$ Fmnds 2025 2025 Total Funds 2025 2025 Dividends r¢c¢ived Interest received 11,759 6 3,774 291 15,533 ,197 11665 4.065 Total Funds 2024 Funds 2024 Funds 2024 2024 Dividernds received Interest r¢ceived 10,995 888 4,505 15.500 888 11.883 4.505 14
THE PASTORAL CABI TRusf- THE NICHOLAS CARE FUND NOTFS TO THE FINANCIAL sfATEi4IEiYfs (¢ontillued) FOR THE YEAR ENDED 30 SEpfEMBER 2025 4. Resources ExpeDd¢d- Costs of Generating FuDds Unrestrieted Funds 2025 Ullre8tric*d Funds 2024 Publicity Materials 4.698 4,190 4.190 5. Resour¢e8 ExpeDded- Charitable Activities Total 2025 2024 Cosls direeily affributable lo aclrviliu." Gronts lo ¢ommunity groups Contribution to Faith in Community (scotld) 57.788 15.000 36.167 15,000 72.788 51,167 Supporl cosls allocated toaclivities.. Staff (See note 6> 17.626 16,8S4 Admini5tralion Independent Review Fee Invcstm¢nt MaDa8Ctnetit Fees- Unrestricted FutNIs Investment Management Fees- Restricted Funds 2.758 1.920 2,105 676 3,117 2J95 1.439 545 25.085 24,350 97.873 75,517 Some accounting and secretarial services are provided by the Archdiocese of Glasgow at no cost to the Pastoral Care Trust- The St Nicholas ca Fund. 15
PAsfoRAL CARE TRusf- THE sr IYICHOLAS CARE FUND NOTES TO THE FINANCIAL STATEMENV6 {coDtiDut41) FOR THE YEAR ENDED 30 SEPTEMBER 2025 Directors and Employees The company had l employee during th¢ ycar se¢ond¢d from the Archdiocese of Glasgow (2024: l ). The directors did Dot receive any remuneration or reimbursement for exnSeS during the year (2024: Nil). Th¢ staff cost5 charged by the Archdiocese during the year were as follows: 2025 2024 Wages & salaries &)cial security c05ts Odi¢r pension costs 15.318 14,916 837 1.101 1215 17,626 16,854 ie Archdic¢ op¢rate5 three defmed ¢ontribution pension scheme5 for their Employees. The assets of the schemes are administered by truste in funds indewdent frnm those of the Ar¢hdiocese. No ¢illployees received remuneration amounting to more th8n £ 60.(KIo in eitheryear. Ftsed A&qets Computer Equlpment Total Cost or v21vAtIoB At l October 2024 1524 1524 At 30 septnb¢r 2025 524 24 Depre¢i*tion At l Octthr 2024 1.524 I24 At 30 Septsmbcr 2025 1.524 1524 Nel Imjok WU¢ #t 30 Sept¢mber 21J25 Net book v4lue At 30 September 2024 16
THE PASTORAL CARE TRusf-THE ST NICHOLAS CARE FUND NOTES TO THE FINANCIAL STATEMLN'fs (continued) FOR THE YEAR EIYDED 30 SEPTEMBER 2025 Fixed Assei InVeents Llsted IDv¢stments ValuAtion At l October 2024 Additions at ¢ost Disposals Gain on disposal of investments Gain on revaluation Movement in cash held by Stockbroker 583.983 119,485 (128,949) 6,614 21,593 6J77 At 30 septnber 2025 609,103 All the investments are in listed securlties and no individual investment is in excess of of the total valv¢ of th¢ inv¢slm¢nts. Th¢ cash balance held within the investment pr0110 at th¢ 30th of Sept¢mber 2025 wa5 £11.734. The acnMI and attributed casts of the listed investments at 30 September 2025 were £512.730 (2024., £482.543 DebtOT5 2025 2024 GiftAid Bequest 2,033 12 40 3,992 10. Crditor8: amounts flliDg due withln olle year 2025 2024 AccDJals I l. Funds- Movemets in the Yexr (a) Unrestrleted FYAods At ojiion4 Investment GalDS At 30109n5 Ineome Eipenditur¢ General ResVe 490.330 82,542 (96.870) 21.353 497J55 17
Unrestricted Funds 8re the 5UTplus of g¢nernl ificome over 8enernl expeTMliwre. THF. PAORAL CARE TRUST- THE ST NJCHOLAS CARE FUIYD NOTES TO THE Fll¥ANCIAL STATEMENTS {¢ontinued) FOR THE YEAR EIYDED 30 SEPTEMBER 2025 (b) RestAtted Fund$ At OIIIOll4 Income Investment At G2inJ 31)109125 Expendlture St Ell2Rth Home Trust 157J96 4,065 {5.701) 6.854 162,614 The St Elizabeth Home Trust wa% wound up during 2009110 and its assets transferred io the Pastoral Care Trust- Th¢ St Nicholas Care Fund. The ass¢ts ar¢ ro be fjpplied towards the ¢are of the poor and sick of Glasgow. free of charge. 12. Capitsl eomDJttments There were no capital commitinents at 30 wtemr 2025 (30 S¢pi¢mb¢r 2024: £NAI). 13. Contingent g8sei&ba1[IieS Tiiere were no contingent assets or liabilities at 30 SeptemE¢r 2025 (30 Septe4nb¢r 2024- £Nil)- 14. Liability of members Th¢ company w&% incorporated as one limitrd by guarnntee and not having a 5harc capital. In the event of the windin8 up of the cofflpany a member is liable to contribute a sum not cxceediiig £1. At 30 September 2025. the were 8 mernt (30 September 2024: 8). 15. Related Party Tra&e*lOn5 There were no r¢lated prty Iranwtions in the year (30 Septemlxr 2024: £Nil). 18