De La Salle Great Britain CIO
Annual Report and Accounts
31 December 2024
Charity Registration Number 1208212
Contents
Reports
| Reference and administrative information | 1 |
|---|---|
| Trustees’ report | 3 |
| Accounts | |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
De La Salle Great Britain CIO
Reference and administrative information Period to 31 December 2024
Trustees Brother Patrick Hanlon Brother Michael Curran (all appointed on registration) Brother John Deeney Brother James Kilty Brother Nicholas Sellors Provincial superior Brother Patrick Hanlon Chief Financial Officer Kevin Humphrey Administrative address 140 Banbury Road Oxford OX2 7BP Charity registration number 1208212 Company number CE036132 Bankers The Royal Bank of Scotland plc 62-63 Threadneedle Street London EC2R 8LA Investment managers Rathbones Investment Management Limited 8 Finsbury Circus London EC2M 7AZ CCLA Investment Management Limited One Angel Lane London EC4R 3AB
De La Salle Great Britain CIO 1
Reference and administrative information Period to 31 December 2024
Solicitors Clyde & Co LLP 1 George Square Glasgow G2 1DY
Clyde & Co LLP 2 New Bailey Square Stanley Street Salford M3 5GS
Stone King LLP Boundary House 91 Charterhouse Street London EC1M 6HR
Insurance brokers Marsh Commercial 1[st] Floor Gail House 5 Lower Stone Street Maidstone ME15 6NB
De La Salle Great Britain CIO 2
Trustees’ report Period to 31 December 2024
The trustees have pleasure in presenting the report and accounts of De La Salle Great Britain CIO (the “charity” or the “CIO”) for the period to 31 December 2024.
Introduction
The Institute of the Brothers of the Christian Schools (the “Institute”) is an international Roman Catholic Religious Institute founded in France in 1680. Its Generalate is located in Rome. The Institute is divided into a number of separate Provinces and extends to 80 countries throughout the world. The work of the Institute is predominantly in education.
The Province of Great Britain of “The Institute of the Brothers of the Christian Schools” also known as the “De La Salle Brothers”, had 24 members at 31 December 2024. Of these, one lived overseas and the remainder lived in three regionally separate groups known as “communities”.
The accounts accompanying this report are the accounts of the charity on which, with effect from 1 January 2025, the assets of the Province of Great Britain are to be held and through which its finances shall operate. The charity is a newly incorporated CIO which is governed by its Articles dated 13 May 2024. On 1 January 2025 the charity received the assets, liabilities and activities from The Province of Great Britain of the Institute of the Brothers of the Christian Schools Charitable Trust, Charity Registration No. 232632.
From the date of registration until 31 December 2024 the charity was dormant.
The trustees and employees of the CIO are the same as the Charitable Trust with no changes to terms of conditions and contracts.
Objectives
The main objectives of the charity are:
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The provision, upkeep and support of schools, colleges, pastoral centres and other educational establishments for the general education both religious and secular or religious, or secular of persons whether members of the Roman Catholic Church or not
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The advancement of the Roman Catholic religion through the religious and other charitable work carried on by or under the direction of or supported by the Institute;
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The provision and upkeep of facilities in Great Britain, or elsewhere, for the education and training of members, or others, wishing to work in other countries;
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The provision of facilities for the care of aged and infirm members of the Institute;
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The relief of poor persons in Great Britain or Ireland, or nearly related to members of the Institute;
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The provision of living requirements for members of the Institute; and
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The acquisition and maintenance of the properties needed to carry out the work of the Institute.
De La Salle Great Britain CIO 3
Trustees’ report Period to 31 December 2024
Approved by the trustees and signed on their behalf by:
Trustee (X3OINGKR)[XXGT
Approved by the trustees on: 9KVZKSHKX狥XJ狤狢狤狧
De La Salle Great Britain CIO 4
Statement of financial activities Period to 31 December 2024
From the date of registration until 31 December 2024 the charity was dormant.
With effect from 1 January 2025, the activities, transactions, assets and liabilities of The Province of Great Britain of the Institute of the Brothers of the Christian Schools Charitable Trust, Charity Registration No. 232632, were transferred as a going concern to the CIO.
De La Salle Great Britain CIO 5
Balance sheet 31 December 2024
The charity had not assets or liabilities as at the balance sheet date.
Approved by the trustees and signed on their behalf by:
Trustee (X3OINGKR)[XXGT Approved by the trustees on: 9KVZKSHKX狥XJ狤狢狤狧
De La Salle Great Britain CIO 6
Notes to the accounts Period to 31 December 2024
Transfer of assets
With effect from 1 January 2025, the activities, transactions, assets and liabilities of The Province of Great Britain of the Institute of the Brothers of the Christian Schools Charitable Trust, Charity Registration No. 232632, were transferred as a going concern to the CIO.
The net assets received at that date comprised:
| £ | |
|---|---|
| Tangible fixed assets Listed investments (including cash held within investments) Investment property Debtors Cash at bank and in hand Creditors: amounts falling due within one year Provisions for liabilities and charges |
2,125,148 26,267,892 3,000,000 66,387 1,072,828 (864,067) (6,800,000) |
| 24,868,188 |
The funds of the charity which were transferred comprised the following:
| The funds of the charity which were transferred comprised the following: | |
|---|---|
| £ | |
| General fund Designated funds Restricted funds |
1,803,797 22,900,000 164,391 |
| 24,868,188 |
De La Salle Great Britain CIO 7