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2021-12-31-accounts

The Charity of the Order of the Marist Sisters Province of England

Report and Accounts

31 December 2021

Charity Registration Number 225485

Contents

Reports

Reports
Reference and administrative details
of the charity, its trustees and advisers 1
Trustees’ report 3
Independent auditor’s report 47
Accounts
Statement of financial activities 51
Balance sheet 52
Statement of cash flows 53
Principal accounting policies 54
Notes to the accounts 61

Reference and administrative details of the charity, its trustees and advisers

Trustees Sister Bridget Brady Sister Mary Frances Boyle Sister Bridget Helen Cahill Sister Helena Coskeran Sister Beate Heutger (resigned 8 December 2021) Sister Teresa Moran Sister Anne Ord (The trustees are incorporated under the Charities Act 2011)

Provincial Superior Sister Anne Ord Provincial Bursar Sister Helena Coskeran Safeguarding Lead Mr Andrew Stables Administrative address 55 Thetford Road New Malden Surrey KT3 5DP Charity registration number 225485 Auditor Buzzacott LLP 130 Wood Street London EC2V 6DL Principal bankers The Royal Bank of Scotland plc 5-10 Great Tower Street London E1W 9FR Barclays Bank plc Fulham Broadway Branch 75 Kings Street London W6 9HY

The Charity of the Order of the Marist Sisters Province of England 1

Reference and administrative details of the charity, its trustees and advisers

Investment managers Quilter Cheviot Investment Management One Kingsway London WC2B 6AN BlackRock Investment Management (UK) Limited 12 Throgmorton Avenue London EC2N 2DL Solicitors SBP Law Glade House 52-54 Carter Lane London EC4V 5EF Stone King LLP Upper Borough Court Upper Borough Walls Bath BA1 1RG Insurers Marsh Limited 1[st ] Floor Gail House 5 London Stone Street Maidstone Kent ME15 6NB Surveyors W B Surveyors Limited 4[th] Floor 86-90 Paul Street London EC2 4NE

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Trustees' report 31 December 2021

The trustees present their annual report together with the accounts of The Charity of the Order of the Marist Sisters Province of England (the charity) for the year ended 31 December 2021.

The accounts have been prepared in accordance with the accounting policies set out on pages 54 to 60 of the attached accounts and comply with the charity’s trust deed, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102).

INTRODUCTION

The Marist Sisters (the Order) is a Roman Catholic Religious Order of Pontifical rite founded in France in 1827 and has its Generalate in Rome. Governed by its own Constitution it is an International Order whose members minister in Africa, Philippines, Oceania, North and South America and Europe.

The accounts accompanying this report are the accounts of the charitable trust on which the assets of the Order in England and Wales are held and through which its finances operate. The trust is governed by a Trust Deed dated 25 February 1963 and is registered under the Charities Act 2011 – Charity Registration Number 225485.

PUBLIC BENEFIT

In setting the objectives and planning the activities of the charity, the trustees have given careful consideration to the Charity Commission’s guidance on public benefit. In essence, all works carried out by the charity are grounded on religious tenets which constitute the values of the Christian Gospel and those of the founding charism of the Marist Order.

This report describes strategies, means and achievements for the year to 31 December 2021. The report covers activities, performance and achievements which address the aims, mission and objectives of the Order, listed below. All active members of the Order perform their ministries among the local public in areas of community houses with wider outreach as described. In evaluating quality, performance and achievement, the trustees believe they illustrate ways by which the charity meets the public benefit requirement, as outlined by the Charity Commission and that benefits are identifiable and touch the lives of large sections of the public. Members interact with and actively support the public in whatever environment and ministry they find themselves, in parishes, hospitals, care homes, youth centres, etc.

PRINCIPAL AIMS AND MISSION

In order to plan effectively for the future and to manage change, the Order’s General Chapter held in Rome in April 2015 mandated a review.

This provided a worldwide picture of the Order and enabled it to make decisions in that context to decide on the best way forward to ensure the mission of the Order be maintained in its integrity, to maintain the charism and enhance the groups and areas where sisters work.

The Order worldwide has commenced a financial review of its resources for the period to 2039. This will enable the Province of England to plan more effectively for the future in this time of continual change.

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Trustees' report 31 December 2021

PRINCIPAL AIMS AND MISSION (continued)

The Charity of the Order of The Marist Sisters Province of England aims to support:

In all activities described in this report, the aims and objectives of the charity have been the main focus. Always based on Christian Gospel values, through strategies and service in the various geographical areas, the trustees have made every effort to be faithful to the aims, the benefits of which are far ranging. We work together to develop a structure that will be life giving for the mission of the Order within our Unit or Province.

In fidelity to the objectives, the Leaders of the Order frequently remind the charity of the world context of escalating concerns, in which the Order moves.

“As women who bear Mary’s name, how are we responding to the present situation we are living? We are hugely challenged, invited to deeper reflection, called on to change our way of thinking, our priorities. We experience our vulnerability and our powerlessness – things are taken out of our hand, we lose control.

“We give thanks for Marists who are trying so hard to reach out to those around them who are so deeply vulnerable and lacking resources for survival.”

(Superior General 12 September 2020)

Marist Youth Centre, Manchester is mainly committed to the support and spiritual development of young people as described later in the report. The programmes offered aim to increase their knowledge and experience of spiritual and moral development, sustain them in their beliefs and encourage them to develop a capacity for critical thinking as contributory citizens in the society in which they find themselves.

Sisters, either communally or individually, minister among vulnerable people and are open to providing opportunities for personal, group and liturgical prayer.

The main aim of all service rendered in pastoral and social fields, in parishes, hospitals etc. is to support and empower people in their day to day living. The Christian Gospel teaching of “Be compassionate as your heavenly Father is compassionate” (Luke 6: v 36) motivates all religious and charitable work carried out by members of the Order respecting the dignity of all.

Care of the sick in the charity’s care home involves responsibility for the retired, vulnerable members of the Order, who, having engaged in the activities of the charity, over many years, are now in need of care and support. Lay residents, who meet the criteria and choose to be cared for in a peaceful and religious environment are welcome.

An established culture of respect for the dignity and rights of each person reaches a wide public in a variety of ways including the nurturing of religious practice.

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Trustees' report 31 December 2021

PRINCIPAL AIMS AND MISSION (continued)

The work of the sisters in carrying out the aims of the charity include:

Worship and prayer

The provision of facilities for worship and prayer for members of the Order and members of the wider public who join in their worship.

Members of the Order are given opportunities for:

Members of the Order celebrate and pray with the wider community. They do this through Church services, prayer groups, celebration of the Liturgy, praying with older people, with young people, children and mothers’ prayer groups. Included are the petitions of those who have requested prayers via telephone or other means of communication. Chapels are open to the public where and when possible. The benefits of sharing prayer with others are reciprocal and appreciated by all who participate.

Education

Until 24 May 2022 the charity operated the Marist School in Ascot, Berkshire, an independent senior and preparatory school. Although the majority of sisters are now retired, they have continued their work in education through voluntary assistance in the school and by serving on the governing body of the school.

Pastoral and social work

Many active members of the Order, as well as retired members, are involved in various forms of social and pastoral work throughout England including:

The charity maintains the properties where the members live and from where they carry out their apostolic work.

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Trustees' report 31 December 2021

PRINCIPAL AIMS AND MISSION (continued)

Operation of residential care home (Villa Maria)

The charity owns and operates one care home which is registered with the Care Quality Commission (CQC). Villa Maria provides accommodation for 33 persons. Long-time care and short-term respite care for sisters and members of the public is available. It is under the management of St John of God Hospitaller Services.

Overseas missionary work

The charity supports sisters working on mission principally in West Africa, Latin America and the Philippines. Support is mostly financial through the Marist Solidarity Fund. A sister from the Province of England worked in the Gambia and Senegal during 2021.

ACTIVITIES, SPECIFIC OBJECTIVES AND RELEVANT POLICIES

In the following pages of this report, the trustees describe activities, performance and achievements which address the founding objectives, principal aims and mission of the Order. The Covid-19 pandemic necessitated changes to the way members of the Order carried out their ministries, notably in their creative use of technology. This meant all active members of the Order continued their ministries in a Covid secure manner. This illustrates the means by which the charity meets public benefit requirements.

As stated under principal aims and mission on pages 3 to 5, the activities of the members of the Order can be divided into four principal areas:

Provision of education (The Marist School Sunninghill)

The principal aims and activities of the Marist School, Sunninghill are religious and charitable and specifically to provide education by way of an independent day school for approximately 440 pupils.

Education is provided for girls from ages 3 to 18 in its school, the Preparatory Department and the Senior Section. There is also a co-ed Nursery for 2 to 4 year olds. It is policy for both parts of the school to foster each girl’s spiritual and academic development – fostering the individual’s physical, psychological, intellectual, moral, spiritual, emotional and creative qualities, to attain the highest academic levels as well as providing sports and an extracurricular programme which aims to develop life-long interests, to help build self-confidence and a desire to contribute to the community nationally and internationally.

The trustees also contribute to education by supporting school staff, in adult literacy and other educational programmes, and at governance level.

As noted above, the charity disposed of the school to another organisation as a going concern with effect from 24 May 2022.

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Trustees' report 31 December 2021

ACTIVITIES, SPECIFIC OBJECTIVES AND RELEVANT POLICIES (continued)

Care for members of the Order and operation of a residential care home

Aware of their legal and moral responsibilities to members of the Order who have spent most of their lives carrying out the charitable works of the Order and who have no personal resources, the trustees aim to provide the best possible care for all. They regularly assess needs and plan accordingly as the age profile of the members of the Order increases.

In planning they aim to:

The care home – Villa Maria – consists of two wings, one for those entirely dependent on care and one for those who require some care but not of an acute nature.

The care home has 33 (one room was changed into an office) rooms all of which have en suite facilities. All rooms are accessible by stairs and by lift, are linked to a call system and have a television which includes a facility enabling Sisters and other residents to follow religious services relayed from the chapel.

The total expenditure of the care home is financed by the charity. This expenditure is recognised as part of the cost of maintaining the members of the Order.

From 1 March 2017 Caterplus Services have been contracted to supply all catering arrangements in Villa Maria with a view to control expenditure, to monitor stock control and to improve the quality of the food presented.

Most of the residents are sisters, with members of the public accepted for long-term and respite care. In 2021 there were 5 members of the public as residents (2 of whom are sisters of another congregation) and, in addition, at various times during the year, one bed was used for respite care. The management team of the home meets weekly and at other times as necessity may demand. The trustees meet with St John of God Hospitaller Services at regular intervals to review the yearly budget and appraise management. In 2021 regular telephone contact was maintained with the residents and via video conferencing with the team. After easing of the lockdown restrictions, face to face contact was made possible again.

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Trustees' report 31 December 2021

ACTIVITIES, SPECIFIC OBJECTIVES AND RELEVANT POLICIES (continued)

Care for members of the Order and operation of a residential care home (continued)

St John of God Hospitaller Services
Management Review meetings		 8 March 2021
7 June 2021
6 September 2021
10 December 2021

The aim of the trustees regarding Villa Maria is to continue to provide good quality living by:

Pastoral and social work

Due to the Covid-19 pandemic and the restrictions/lockdown imposed by the Government some of this work had to be done via telephone, online meetings and other social media.

Work undertaken by members of the Province during 2021 included:

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ACTIVITIES, SPECIFIC OBJECTIVES AND RELEVANT POLICIES (continued)

Pastoral and social work (continued)

Aims of the trustees in this category include:

Overseas missionary work

The charity provides financial support, personnel and other support for the Order’s missions in West Africa, Latin America and the Philippines. The extent of financial support is advised by the Generalate in consultation with other members of the Order as appropriate.

In 2021 the Province of England contributed £56,208 ( 2020 - £57,245) to the Marist Solidarity Fund specially established for mission support, to which all Marist Regions in the world contribute and from which sisters can draw funds to support their work in poorer areas.

Through its contribution to the Marist Solidarity Fund, the charity enables sisters working on mission in the geographical areas mentioned, to have professional experience in the various works and communities of the Order in France. This experience enhances their training, broadens their vision and better equips them in maintaining and forwarding the missionary aims of the Order.

REVIEW OF THE PERIOD’S ACTIVITIES: ACHIEVEMENTS AND PERFORMANCE

Provision of Education (The Marist School Sunninghill)

Governance

Over recent years, the trustees have continued to monitor the development and enhancement of the School. At the same time, the trustees have been considering how best to secure the long term future of The Marist School and concluded that the school will be best served by transferring it as a going concern to a specialist education provider. Following exchange of contracts for the sale of the school on 25 March 2022, the operation of the school was transferred to its new owner and operator on 24 May 2022, the date of legal completion of the sale.

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REVIEW OF THE PERIOD’S ACTIVITIES: ACHIEVEMENTS AND PERFORMANCE (continued)

Provision of Education (The Marist School Sunninghill) (continued)

Governance (continued)

Throughout their period of ownership, the trustees have encouraged the use of Network Teaching and Learning, recognising its value. The foresight shown in this approach to digital learning meant the school was able to continue its provision of high quality education during lockdown. All pupils and staff had been trained in the use of Microsoft Teams and lessons immediately moved to this online platform when restrictions due to Covid-19 had to be imposed. The Marist was able to offer a full day of online classes, extra-curricular activities, assemblies and pastoral care during school closures.

During the year, the School was governed by a Board of Governors appointed as an Advisory Body by the trustees based on their specialist skills, professional expertise and local availability. New governors were inducted into the workings of the charity and of the school at governors’ meetings and at external courses specifically designed for governors, officers of charities and educational establishments.

The principal aims and activities of the school are religious and charitable and specifically to provide education by means of an independent school for girls between the ages of 3 and 18 years.

It is the policy of the School to attain the highest academic levels as well as providing sports as a curriculum subject and extra-curricular programmes which aim to develop lifelong leisure interests and build confidence combined with a desire to become socially involved and contribute to the community.

Objectives for the year

Whilst in the charity’s ownership, the objectives of the school were aimed at exemplifying Gospel values in the context of the Roman Catholic religion; the Catholic ethos and Maristinspired view of education, as well as an informed awareness of the poor and marginalised beneficiaries of the works of the Order, and continued to influence the strategic direction and day-to-day operation of the School. These objectives enabled the sharing of best practice. They strengthened the capacity of the School to “up-skill” staff and afforded more cost-effective professional development opportunities, giving the School improved access to a wider spectrum of resources and facilities. The School valued its active contribution to education in the area generally. Entirely consistent with the objectives of the charity and the mission of the School was its contribution to education for “ the common good” in the sharing of knowledge, resources and the dissemination of good practice.

“Through our lives and our example, we too must continually bear the Good News” to the people with whom we meet and work.”

Building and sustaining the local community network and links were and continue to be important to the School and contribute to wider community cohesion. In all, the School aims to provide a holistic education with best quality teaching and learning for the pupils entrusted to its care valuing each one for her God-given talents to be developed by the education provided.

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(continued)

Provision of Education (The Marist School Sunninghill) (continued)

Objectives for the year (continued)

Our Vision is to be a centre of excellent education where outstanding teaching and pastoral care underpins academic progress. This is combined with the development of the whole person equipping children and young adults with the capacity to succeed in their life’s journey. (Our Mission)

The strong family focus, which is a distinctive hallmark of our school, reflects the importance of our name. In a Marist Way – leading to focusing on the needs of others but developing individuals, who with strong minds and gentle hearts strive to be the best possible person they can be. (Our Values)

The objectives for the year were to provide a structured educational environment that develops each pupil’s potential; to sustain success in the public examinations and to maintain the school’s position as one of the best independent schools for girls in the country; to maintain its rating in the top schools in the Department for Education (DfE) region of Windsor and Maidenhead.

Strategies to achieve the objectives for the year

These included the continuing review of the school’s academic syllabus in order to benchmark academic standards against external public examinations and independent value-added criteria, with academic achievements being balanced by a strong emphasis on sporting, cultural and social skills; developing the expertise of teaching staff and ensuring successor planning and staff development; the further development of links with local preparatory and primary schools in both the state and independent sectors and also allowing wider community access to the school’s facilities.

Strategies drawn up by the Senior Section for 2017 to 2022 for school growth and development are in the process of advancement. A similar plan of action drawn up for the Nursery/Preparatory department covers the same dates.

During times of lockdown parents were regularly updated by the principal, and teachers maintained contact with them about their child’s progress. In addition, parents were invited to online meetings and to give feedback on remote learning so this could be adapted where and when necessary. The majority of parents have been very appreciative of the work that the teachers did to provide their children with meaningful remote lessons.

Education and Wellbeing Committee

The Committee is focused on ensuring the provision of an education fit for purpose in the 21st Century whilst providing an educational environment where pupils and staff feel happy, secure, confident and valued: in line with the school’s ethos and aims.

As such the Committee has a monitoring and advisory role overseeing pastoral care, teaching, learning and assessment practices, including the content of the broad and balanced curriculum and extra-curriculum. It ensures compliance with standards in independent schools offering support where needed and it reports to the full Governing Body.

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Trustees' report 31 December 2021

REVIEW OF THE PERIOD’S ACTIVITIES: ACHIEVEMENTS AND PERFORMANCE (continued)

Provision of Education (The Marist School Sunninghill) (continued)

Scholarship and bursary policy

The Governors’ policy, in line with that of other independent schools, is to award scholarships based on pupils’ academic ability. In addition, bursaries and allowances are made available to deserving cases at the discretion of the Governors. In 2021, the value of scholarships, sibling discounts and other awards made to the schools’ pupils out of unrestricted funds amounted to £608,366 (2020 - £1,017,876).

Means tested entrance bursaries of up to 75% of school fees are awarded to Catholic pupils of feeder schools in the parish and in neighbouring parishes as well as means tested hardship bursaries for existing and prospective pupils. In addition, a hardship fund was established with a donation of £40,000 from a former pupil of the school. The school also referred parents who were having difficulty paying fees to ‘School Fee Plan’.

The preparatory department offers up to six academic scholarships per year to pupils from any school, subject to them satisfying all the admission criteria of The Marist School, Sunninghill with the senior section offering up to three academic scholarships and four subject specific awards. To underline the value placed on continuity for families in accordance with Marist core values and in order to demonstrate wider public benefit, generous discounts are offered where parents have more than one child at the school.

The Wider Community

The school recognises that it is part of the wider local community and where it is possible to offer support and collaboration, without detriment to the education of the pupils or without compromising the school’s safeguarding duty of care, is happy and ready to do so.

Since the outbreak of Covid-19 and the restrictions imposed by the government, community access had to be limited.

The school continues to develop wider community links. Outside of times of lockdown, the swimming pool is let to local swimming schools and provided free of charge to the local state primary school; the main hall, small hall and classrooms are let to a local dance school; the Sports Hall is let out to a gymnastics academy five days a week with over 300 local girls attending weekly. The Sports Hall is also used by local netball clubs and Berkshire County netball; and the library is let to an educational organisation and occasionally to other local societies and clubs at nominal rates. The Nursery hosts a free weekly stay and play session for local parents and their children using both indoor and outdoor facilities.

When permitted, the grounds have been made available free of charge to local primary schools and nurseries participating in ‘forest schools’ activities, and at subsidised rates to a local holiday club. The club also used the swimming pool and halls.

The school would usually act as an examination centre for music examinations for candidates from other schools and engage in partnership with maintained schools in the following ways:

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REVIEW OF THE PERIOD’S ACTIVITIES: ACHIEVEMENTS AND PERFORMANCE (continued)

Provision of Education (The Marist School Sunninghill) (continued)

The Wider Community (continued)

The school fosters awareness amongst the pupils of the needs of others who are disadvantaged and throughout the year our girls have engaged in many fundraising activities with the proceeds going to various local, national and international charities. In 2021 these included:

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Trustees' report 31 December 2021

REVIEW OF THE PERIOD’S ACTIVITIES: ACHIEVEMENTS AND PERFORMANCE (continued)

Provision of Education (The Marist School Sunninghill) (continued)

The Wider Community (continued)

Performance in 2021

At A Level

At GCSE level

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REVIEW OF THE PERIOD’S ACTIVITIES: ACHIEVEMENTS AND PERFORMANCE (continued)

Provision of Education (The Marist School Sunninghill) (continued)

Performance in 2021 (continued)

At GCSE level (continued)

Pastoral life of the School

The provision of good pastoral care, a priority for the trustees, is reflected in the Christian values and attitudes expressed in the charity’s objectives. Thus, pupils are supported and encouraged to develop self-awareness, self-esteem, regard for personal dignity and respect for the dignity of others.

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ACTIVITIES, SPECIFIC OBJECTIVES AND RELEVANT POLICIES (continued)

Provision of Education (The Marist School Sunninghill) (continued)

Pastoral life of the School (continued)

The chapel is open to the school at all times and a system of interactive prayer with the Sisters is popular, especially during examination periods and at other important times in the pupils’ lives. During the year, long after school days had ended, students continued to call on the Sisters for prayers at various stages in their lives. Sisters, now retired from active work had time to spend with groups and individuals, to pray with them and for them. Each new pupil has a Marist Sister who was resident on site as a prayer sponsor. When permitted, year groups joined the Sisters for Morning Prayer the Convent chapel.

Corporate worship and reflective prayer opportunities for groups or individuals were provided. In 2021, due to Covid restrictions, it was not possible to organise retreat days away from the school.

To encourage pupils in their own spiritual development each year group is given the opportunity to plan and organise a ‘whole school assembly’, taking the lead in reflection on Scripture passages, prayer and in sharing their faith.

Pupils are helped to develop an awareness of less fortunate members and sections of society within the context of the charitable works carried out by the charity. They are encouraged to use their initiative in organising fundraising and other events. Thus, they engage in a variety of activities which contributes to a better quality of life for disadvantaged people.

Care of members of the Order (Villa Maria Care Home)

Throughout 2021 the charity continued to support and care for retired members of the Order by providing for them spiritually and temporally.

Throughout the year 24 sisters and 7 members of the public in need of care were cared for in Villa Maria. In line with the philosophy of the trustees, the more mobile and active members were accommodated where they could maintain their independence and remain active. Members of the public were also accommodated for short-term respite care in the home.

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REVIEW OF THE PERIOD’S ACTIVITIES: ACHIEVEMENTS AND PERFORMANCE (continued)

Care of members of the Order (Villa Maria Care Home) (continued) Thank you card from a former resident’s family:

“Let me say a big thank you to you and all the sisters at Villa Maria for the warm welcome and hospitality given to me and my family at ……funeral. We were humbled by your kindness and gentleness and your willingness to share your memories of our beloved Aunt. …..God bless you all and of course thank you to all the wonderful team of carers and anyone else in the background who made her departure so beautiful.”

Villa Maria Care Home is managed by Saint John of God Hospitaller Services on behalf of the Marist Sisters who maintain frequent communication with them. Throughout the year, meetings with trustees and managers took place online, as necessary. During 2021, a considerable amount of continuity planning was undertaken at all levels within the ‘St John of God’ system. Updating these plans on a regular basis ensured that the necessary stocks of medical consumables and PPE were always to hand.

The Service Manager worked conscientiously throughout the pandemic to keep the home Covid free and safe. She ensured that appropriate protective measures were in place at all times and that stocks of PPE remained constant through efficient ordering and by maintaining a PPE stock sheet. Touch free thermometers were installed and unnecessary visits prohibited.

The manager and staff continued to provide the sisters and residents with a variety of activities during lockdown and ensured that special occasions, such as birthdays, were celebrated.

The team worked consistently hard during this difficult time and have continued to support the residents.

Villa Maria currently comprises a group of retired sisters with time “to be” – to pray, reflect and relax.

The Sisters engage in:

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(continued)

Care of members of the Order (Villa Maria Care Home) (continued)

One Sister is engaged in supporting the local Parish and helping at Age UK. She also acts as a Marshall when required during vaccination sessions at the local Health Centre.

Objectives for the year

Specific aims of the trustees to safeguard and promote the welfare of residents of the home:

The CQC suspended their routine inspection programme in March 2020 in response to Covid-19 and do not intend to resume it for the immediate future. In December 2021 the following was received from the CQC:

We carried out a review of the data available to us about Villa Maria on 07-12-2021. We have not found evidence that we need to carry out an inspection or reassess our rating at this stage.

This could change at any time if we receive new information. We will continue to monitor data about this service.

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REVIEW OF THE PERIOD’S ACTIVITIES: ACHIEVEMENTS AND PERFORMANCE (continued)

Care of members of the Order (Villa Maria Care Home) (continued)

Objectives for the year (continued)

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Marist Youth Centre, Manchester

The Marist Sisters have been responsible for conducting School and adult retreats at the centre since 1996. These events have catered for students from Year 1 to Year 11, chaplaincy groups and parish groups.

To avail themselves of the opportunities offered at the Centre, some schools request specific themes and the Marist Youth Centre offers diverse themes from sacramental topics, the liturgical seasons and ongoing relevant topics such as 'Protecting our Common Home' and the 'Cry of the Poor'.

Depending on the age-group, students are directed in different ways, group work, dramatizations and liturgies. One of the key features of these days is the involvement of the students in preparing and presenting the work. YouTube clips, and DVDs are used to support the themes. The Manchester Catholic Schools give their students every opportunity to become productive members of society. The Marist Youth Centre aims to support the schools in their mission by striving to nurture the faith of the students they serve and to instill in them a desire to serve God and all God’s people.

The principal aims and objectives of the Marist Youth Centre are:

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Marist Youth Centre, Manchester (continued)

Strategies to achieve these aims and objectives:

Performance and achievements

The Marist Youth Centre reopened after Covid-19 lockdown restrictions eased in May 2021. The Centre did not function at full capacity during the year as, because of the pandemic, some schools were closed while others had restrictions on School outings.

Students attending the Centre were accompanied by teachers, teaching assistants and parents who were involved in working with the students. The Team also provided reflection days for pupil chaplains/ prayer guides accompanied by their leaders.

The schools give a donation to the Centre according to their financial capability.

Schools are usually invited to request a theme for the day or to accept a theme suggested by the team. The team prepares the reflection, provides the materials and facilitates the activities, involving the students and staff in group work and feedback to the whole group. The dynamic of involving the teachers and helpers is a way of encouraging continuity back in the school setting where respect and appreciation of one another on their faith journey is nurtured.

Through the activities of the Centre, which include prayer and worship, group discussion and role play, young people come to know themselves and others better, their relationship with God and the world. The Centre aims to help them develop a capacity for critical thinking, a sense of commitment, the importance of spiritual values and respect and how to work with one another for the common good.

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REVIEW OF THE PERIOD’S ACTIVITIES: ACHIEVEMENTS AND PERFORMANCE (continued)

Marist Youth Centre, Manchester (continued)

Beneficiaries

Pastoral and social work in the Communities

During 2021 sisters carried out their pastoral and social work in various areas of ministry.

The trustees of the charity supported them in their individual social and pastoral work which reaches out to those in need, and which benefits numerous members of the public focussing on those in greater need physically, emotionally and spiritually.

Sisters who are now retired, are readily available and willing to reach out to those in need be it by telephone, letter or other means of communication, or to involve themselves in a volunteer capacity in projects that address social needs.

To safeguard the reputation of the charity, pastoral activities are regularly reviewed and monitored through assessments and critical evaluation so that the integrity of the aims of the Order in supporting religious and charitable work is maintained.

Opportunities for ministry in the voluntary sector are hugely reduced for those who are over seventy years old and deemed ‘vulnerable’. As the restrictions on movement, imposed because of Covid-19 were gradually lifted, opportunities for ministry in the voluntary sector increased. However, comprehensive safety measures remain in place.

The Birmingham Community

Sisters are involved in:

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REVIEW OF THE PERIOD’S ACTIVITIES: ACHIEVEMENTS AND PERFORMANCE (continued)

Pastoral and social work in the Communities (continued)

The Birmingham Community (continued)

The Manchester Community

In addition to the work of the Centre, the sisters are well known in the local parishes where they are in frequent contact with people in accordance with Covid-19 guidelines:

The New Malden Community

Sisters are involved in:

The Sunninghill Community

Sisters are involved in:

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REVIEW OF THE PERIOD’S ACTIVITIES: ACHIEVEMENTS AND PERFORMANCE (continued)

Pastoral and social work in the Communities

The Sunninghill Community (continued)

The Upper Holloway Community

Sisters are involved in

The Walsingham Community

Sisters were engaged in

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REVIEW OF THE PERIOD’S ACTIVITIES: ACHIEVEMENTS AND PERFORMANCE (continued)

Pastoral and social work in the Communities

The Walsingham Community (continued)

Table showing the average hours volunteered by Marist Sisters weekly.

Area of service No. of Volunteers Hours volunteered
Parish work, catechetics 6 40
Hospital and care home visiting 5 50
Contact with housebound and families 6 22
Homeless 3 20
ESOL/ Asylum seekers 3 30
Psychotherapy practice 1 3
Administration 4 90
Makingcraft items for charities 8 60
School Governance/Assistingin school 3 126 annually
Diocesan team for religious 2 13
Education for Justice & Peace 1 15
Retreat work 2 10

Overseas missionary work

The trustees are very conscious of the areas of the world where the Order continues to expand, poorer areas in West Africa, Brazil, Mexico and the Philippines particularly where they are not yet able to support themselves financially. Through our donation to the Marist Solidarity Fund we support the ministry and living expenses of the sisters there.

West Africa – The Gambia and Senegal

There are 14 Sisters and 2 young women studying in Senior Secondary School in the Unit.

Ministries of the Sisters are:

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REVIEW OF THE PERIOD’S ACTIVITIES: ACHIEVEMENTS AND PERFORMANCE (continued)

Overseas missionary work (continued)

West Africa – The Gambia and Senegal (continued)

The effects of the pandemic continue to be felt in Senegal and The Gambia. People are in need of help to pay rent, buy food, pay basic healthcare costs, expenses to restart small, informal businesses and back to school expenses. A need emerged – the reconstruction of simple dwellings due to damage during the rainy season. For a second year our Congregation sent money to be used to defray these expenses. Each community had many requests for help and were glad to be able to help people, some being refugees and asylum seekers in desperate situations.

The following are some comments from recipients:

“I run a small catering business to supplement the small salary of my husband. During the Covid crisis I lost many customers because they had lost their jobs and could no longer buy their midday meal from me. One day a Marist Sister greeted me as I passed their house. We talked about my little business and two days later I received a sum of money from the sisters that allowed me to restart my business.”

“I am very grateful that I have been able to reconstruct our roof that was destroyed by heavy winds”.

Sr Thérèse:

“After a year disturbed by the mysterious Coronavirus, here I am experiencing and practising my nursing skills in a local hospital with passion and joy. I was sent to a paediatric ward for one month where I collaborated with nursing teams responding to the needs of sick children.

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REVIEW OF THE PERIOD’S ACTIVITIES: ACHIEVEMENTS AND PERFORMANCE (continued)

Overseas missionary work (continued)

West Africa – The Gambia and Senegal (continued)

St Martha’s Centre, The Gambia

The primary function of this centre is women’s development through training in various trades so that they will be financially independent in the future. On 2 July 2021 there was a day of great joy as 26 young women graduated. For three years they acquired skills in homescience. For these women the Centre is their Centre of hope.

St. Charles Lwanga Kindergarten

Sister Mariana helps children who have difficulty keeping up with the pace of the large group. She takes them aside and with great patience teaches them to read, write or count.

Sister Antoinette takes care of the confirmation class some afternoons and is happy to strengthen the faith of the young people in the Catholic Church and to let them know how much Jesus loves them.

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REVIEW OF THE PERIOD’S ACTIVITIES: ACHIEVEMENTS AND PERFORMANCE (continued)

Overseas missionary work (continued)

West Africa – The Gambia and Senegal (continued)

Caritas International Women’s Day

Traditionally celebrated on 8 March, CARITAS/PARI organised a meeting on 23 March 2021. This meeting was centred round the theme “Refugee women, asylum seekers faced with AIDS/HIV and STIs”. Sister Josephine had invited 20 women who originated from six African countries, Congo Brazzaville, Democratic Republic of Congo, Central African Republic, Rwanda, Liberia and Chad. At the end of the day the participants were given a lovely gift that each received with great joy. During this very difficult time CARITAS/PARI decided to support them by offering a kit containing, rice, sugar, oil, pasta, milk, soap and bleach, as well as clothes.

We shared this time as a real family enriched by the diversity of countries represented.

Sister Josephine writes:

“With the beginning of the new school year, many parents were uneasy as to how they could find the means to send their children to school. Because of this, Caritas received many requests for help from refugee parents. Having studied the cases presented, we selected children from seven different nationalities, Mauritania, Republic of Central Africa, Congo, Chad, Ivory Coast, Guinea and Sierra Leone.

To mark this event, we invited the High Commissioner for Refugees and representatives of two NGOs: House of Hope and Green Village Foundation.

In his talk, the representative of the High Commissioner for Refugees congratulated Caritas for its work for refugees. The children and their parents were very happy to receive their school kits.”

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REVIEW OF THE PERIOD’S ACTIVITIES: ACHIEVEMENTS AND PERFORMANCE (continued)

Overseas missionary work (continued)

West Africa – The Gambia and Senegal (continued)

Caritas International Women’s Day (continued)

A Sister writes: ‘‘Having received your donation of £200 I collaborated with the Caritas Team to buy food and cleaning products. This helped 41 refugee families. I say a very big thank you for your financial support which has enabled us to live in solidarity with the poorest of God’s people. I remain united in prayer with you.’

The French Club

Sister Anna began the French club at St John the Baptist at Farafenni, The Gambia, to assist students to develop a love of the French language.

Originally Saint John the Baptist was a primary school. In September 2018 a junior secondary school was added with one level G7 – each year a further year level is added. It now has two levels G7 and G8. It is an English-speaking school where French is an optional subject.

When Sister Anna started teaching there as a part time teacher, she noticed a great gap in the ability of the students to speak French. There were two classes: one class comprised of students who had begun to learn French in their nursery and primary schools with the sisters, while the other class comprised of students from other schools who had never been introduced to French.

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REVIEW OF THE PERIOD’S ACTIVITIES: ACHIEVEMENTS AND PERFORMANCE (continued)

Overseas missionary work (continued)

West Africa – The Gambia and Senegal (continued)

The French Club (continued)

Sister Anna, now a full-time teacher; discussed the possibility of creating the French Club, with the principal and students. The aim of the French Club is to continue the good work of the Marist Sisters, to promote and encourage a love of the French language. The idea was supported by the principal and welcomed by the students.

It commenced with 98 students. Sister Anna is also working in collaboration with a primary school teacher. The French Club has grown to 270 members: 134 Junior High School students and 136 Primary school Students.

Last year, they planned to have an immersion experience in a French-speaking country and Cours Sainte Marie (Senegal) where Anna had taught previously. They were ready to host us but unfortunately, Covid 19 occurred and changed the plan.

The French club meets twice a week in various group levels and at different times. The students learn by having fun through songs, poems, spelling; dictation, reading, and quizzes.

Brazil

A Sister writes: ‘We had a very different children's party, due to the continuation of the pandemic. The families have become increasingly poor and hungry, so, with the help of Mr Monteiro, food parcels were donated as gifts. A campaign was organised encouraging people to donate food instead of toys.

Many people were involved in helping us with the organisation of the parcels, sorting out the sausages and delivering them, including several mothers and grandmothers of the children and teenagers!’

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REVIEW OF THE PERIOD’S ACTIVITIES: ACHIEVEMENTS AND PERFORMANCE (continued)

Overseas missionary work (continued)

Brazil (continued)

A group of benefactors from the Nazaré house offered Sister Izabel chocolate eggs for children to celebrate Easter. Due to the pandemic, it was a quick celebration. More than 130 eggs were delivered. The children were very happy, and it was very pleasant to see the smile on their faces when they received the gift. She also assists the families in the neighbourhood with food parcels from the House of Nazareth Centre.

The Migrant service room , where Sister Regina works three mornings a week: dealing with documentation and scheduling appointments with the Federal Police.

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REVIEW OF THE PERIOD’S ACTIVITIES: ACHIEVEMENTS AND PERFORMANCE (continued)

Overseas missionary work (continued)

Philippines

Reopening and Blessing of Dental Clinic in ‘Balay Pasilungan’

Sister Sheila SM, Father.Gil SM and members of the Community of Marist Fathers during the blessing and opening.

Sister Sheila Manalo was delighted to be able to resume her role as dentist at “Balay Pasilungan” after the dental project was closed for almost a year due to Covid 19. “ Balay Pasilungan ” means “shelter home.” It is a safe place for young street boys located in the heart of Bankerohan, Davao City, Philippines. It was founded by the Society of Mary in 1989. Sister Sheila writes: "The production of aerosols during dental procedures was highlighted as the most dangerous agent, and dentists were restricted to emergencies only and asked to reduce the use of rotating instruments".

On 23 January 2021, Sister Sheila Manalo SM and the new Balay Pasilugan director Fr Gil SM were joined by the Marist Fathers Chanel Community for the blessing and reopening of the Dental Clinic. Sister Sheila is delighted to offer a free and Covid-safe clinic to the children.

She describes her role as dentist as being ‘the art’ of the “Tooth Kingdom” and educates and encourages the children to take responsibility for the care of their teeth.

Balay Banaag – “House of Hope” is a ‘safe residential place’ for girls at risk. The Marist Sisters took over the management of the centre in 2018. There are currently ten girls in the care of Balay Banaag aged between 6 and 18 years old. Most of the children do not know their fathers and many have suffered physical and emotional abuse because of their upbringing. Balay Banaag offers these girls a future with dignity, hope and independence.

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REVIEW OF THE PERIOD’S ACTIVITIES: ACHIEVEMENTS AND PERFORMANCE

(continued)

Overseas missionary work (continued)

Mexico

Our mission in Mexico, specifically in the area of the Archdiocese of Guadalajara is very diverse as we have several apostolates:

Direction of a Marist Brothers’ school for girls, boys and adolescents at risk on the streets. Classes in Kindergarten and Primary of a Marist Fathers’ school.

At work in a dining room for people who live on the street. Accompaniment at a shelter for women who are in a situation of prostitution.

Long distance spiritual accompaniment, nursing, health ministry and parish ministry

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REVIEW OF THE PERIOD’S ACTIVITIES: ACHIEVEMENTS AND PERFORMANCE (continued)

Overseas missionary work (continued)

Mexico (continued)

Long distance spiritual accompaniment, nursing, health ministry and parish ministry (continued)

During the pandemic, we supported food kitchens in various places and neighbouring towns. Aware of our smallness, we always collaborate with other people or congregations in projects that favour those most in need.

Day for Elimination of Violence against Women (Mexico)

Sister Marta Chica is the director of the Marist Brothers' Children and Youth Centre where they recently celebrated International Day for the Elimination of Violence against Women.

There were activities to raise awareness about gender violence, which ended with a "silent march". The students of the centre wore black masks and carried banners. This was in protest at the millions of women who suffer violence in the world. The march took place around the streets of the school and afterwards the banners were pasted on the walls of the school. The previous day, a workshop was held on the prevention of child sexual abuse, to educate the girls on their right to participate and to denounce situations of abuse. and empower themselves.

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FUTURE PLANS

In planning for the future, the trustees of the charity intend to meet the following objectives:

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FINANCIAL REPORT FOR THE YEAR

Investment policy and performance

The investment strategy is set by the trustees and considers income requirements, present and future financial expenditure requirements, risk profile, the investment managers’ advice and the view of the market prospects in the medium term.

The policy is to maximise total return through a diversified portfolio whilst providing a level of income advised by the trustees from time to time. There is also an Ethical Policy precluding investment in any company which, after reasonable enquiry, clearly has significant profits from an activity which is contrary to the objectives of the Christian Church.

The performance of the portfolio and the charity’s investment strategy are reviewed regularly by the trustees with the investment managers.

The charity’s investments comprise two portfolios of listed investments. Investments with a market value at 31 December 2022 of £21,616,859 (2020: £19,750,069) are managed by Quilter Cheviot. Investments with a market value at 31 December 2022 of £11,516,216 (2020: £10,485,242) are managed by BlackRock Investment Managers (UK) Limited.

There are no restrictions on the charity’s power to invest.

The investment managers’ objectives are to maximise total return through diversified portfolios, whilst providing a level of income as advised by the trustees from time to time. The managers follow guidelines, which are set out and regularly reviewed by the trustees.

During the year the charity’s investments continued to perform well.

Results for the year

A summary of the year’s results can be found on page 51 of this annual report and accounts. In the year ended 31 December 2021 the total income was £7,702,268 (2020: £8,561,999) with income from educational services amounting to £5,844,430 (2020: £5,481,313).

With the age profile of the sisters continuing to rise, fewer salaries are received as sisters retire and receive smaller pensions.

During the year ended 31 December 2021 the charity incurred expenditure in maintaining sisters and enabling them to carry out their work.

Premises expenditure continued to be high, as properties grow older and modifications become necessary to facilitate elderly sisters. An impairment provision of £1,385,659 in respect to the freehold property at Sunninghill, which was sold on 24 May 2022, has been recognised to reduce the property to fair value, i.e. its realisable value.

Expenditure on providing educational services totalled £6,139,087 (2020: £6,107,492).

Total expenditure amounted to £9,572,432 (2020: £8,192,916).

The net expenditure for the period before investment gains and losses was £1,870,164 (2020: net income of £369,083). Investment gains amounted to £2,688,495 (2020: £263,254) giving rise to an increase in funds of £818,331 (2020: £632,337).

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FINANCIAL REPORT FOR THE YEAR (continued)

Reserves policy

The trustees have examined the requirement for free reserves, i.e. those unrestricted funds not invested in tangible fixed assets, designated for specific purposes or otherwise committed. The trustees consider that, given the nature of the charity’s work and the need to care for members of the Order and to respond to unforeseen emergencies, the level of free reserves should at least be equivalent to between three and five years’ expenditure. The trustees are of the opinion that this provides sufficient flexibility to cover shortfalls in income, adequate working capital to cover core costs, and will allow the charity to meet its commitments to members of the Order and will enable the charity to cope and respond to unforeseen emergencies.

Financial position

The balance sheet shows total reserves of £49.4m (2020: £48.6 million) of which £7.1m (2020: £7.5 million) represents the accumulated net income of the Marist School, Sunninghill (including tangible fixed assets of £7.4 million) which has been designated by the trustees. In addition, the trustees have set aside £221 (2020: £11,221) to enable the payment of bursaries from the Province to pupils at the Marist School, Sunninghill. £4m has been set aside for the future maintenance and refurbishment of the Villa Maria care home. £8m has been set aside to fund future donations to the Order and other organisations with objectives consistent with those of the charity.

£13.1 million (2020: £14.6 million) represents a retirement reserve designed to provide income to communities with elderly sisters needing care and to provide for sisters generally in their retirement.

A further £5.3million (2020: £6.8 million) is represented by tangible fixed assets used to support the work of the sisters and their ministry (excluding that of the Marist School, Sunninghill). A decision was made to separate this fund from the general fund in recognition of the fact that the tangible fixed assets are used in the day-to-day work of the charity and the fund value cannot, therefore, be realised easily if needed to meet future contingencies.

Restricted funds, comprising monies given specifically for particular projects totalled £21,616 (2020: £35,855)

Funds available to support the work of the Sisters in the future are shown as general funds on the balance sheet and amount to £11.9million (2020: £19.7 million). This figure needs to be considered in the light of annual expenditure of £8 million. Whilst this exceeds the amount demanded by the above reserves policy, the trustees consider this level of reserves to be acceptable at the current time in light of the current macroeconomic and geopolitical climate.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governance

In terms of Canon Law, the Order is governed at an international level by the Superior General and her Council resident in Rome. They are elected every seven years at a General Chapter of the Order in Rome by representatives of all Provinces of the Order.

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STRUCTURE, GOVERNANCE AND MANAGEMENT (continued)

Governance (continued)

A new governance system, in practice in the Order since 8 December 2015, was established to best carry forward, exercise and protect the founding charism aim and mission of the Order among the local public.

The Province of England is governed by the Provincial and Council who were appointed from 8 December 2018 by the Superior General and her Council. Each community has a community leader appointed by the Provincial and Council.

The Order is divided into Units with a view to rendering more effective the resources of the Order in its objectives, apostolic and charitable work. The Province of England is an independent Unit governed by a Provincial, two councillors and a bursar.

A system of accountability is established across the Order. The Provincial usually visits the communities of the Province at least once annually, thus maintaining a sharp awareness of any difficulties which arise, of the developments, progress and continued effectiveness of the ministries carried out by the Sisters of the Province. Communication across the Province is active, and Sisters can easily contact the trustees. A comprehensive review on fidelity to mission and to aims of the charity takes place regularly.

The Superior General visits the Province of England every three years.

The Provincial Bursar visits the communities regularly and is available to all when necessary, thus keeping track of financial business, the assets of the Province and the maintenance of the charity’s properties. Any updating of properties is closely monitored.

In terms of civil law, the Order in England and Wales operates through a charity governed by a trust deed dated 25 February 1963 and is a registered charity - Charity Registration Number 225485.

The trustees are appointed by the Provincial Superior and are registered as an incorporated body under the Charities Act 2011. At any one time there must be a minimum of two trustees.

The trustees of the charity are seven members, three of whom are members of the Leadership Team. All have wide experience of the work of the charity and are well aware of the issues relevant to the Order to ensure the aims and purposes of the Order are met. Together with updating of personal specialisms, they follow courses and conferences arranged for trustees to keep updated and abreast of change. They use literature provided by the Charity Commission and attend conferences and meetings provided by our accountants, investment managers, firms of solicitors and insurers specialising in charity practice.

The names of the trustees who served during 2021 are set out as part of the reference and administrative details on page 1 of this annual report and accounts with short biographical details on each given below.

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STRUCTURE, GOVERNANCE AND MANAGEMENT (continued)

Governance (continued)

Sister Bridget Brady

Sister Bridget is a teacher by profession and has taught in Primary and Secondary schools in England and Colombia. She served as deputy head in a catholic secondary state school in Birmingham before being missioned to Colombia. On returning to England, she helped set up the Youth Centre in Manchester where she worked as Directress there for five years. She was a member of the Provincial Team and a Governor in the Secondary school, Sunninghill during this time. She was then missioned to Venezuela where she worked with youth and was a member of the Latin American Regional Team. From there she was elected to the Generalate Team in Rome. On completion of her term of office she returned to the Youth Centre in Manchester as Directress. She is currently a member of our community in Birmingham and is a member of the Inter-Church Diocesan Team of spiritual guides, she volunteers in the ‘Save the children charity’ and is an active member of the parish of the Holy Name of Jesus.

Sister Mary Frances Boyle

After graduating as a secondary school teacher, Sister Mary Frances taught in several schools in Fiji over a period of twenty years. This was followed by a period of teaching in London and the Midlands. She served in Congregational administration in England and the wider Region of EurAfrica. Having finished this mandate, she spent three years administering a Skills Training Centre in The Gambia. She is currently working in the Marist Youth Centre in Manchester as Co-Ordinator.

Sister Helen Cahill

Sister Helen joined the order in 1970. She is qualified in Childcare and teaching assistant. For several years, she worked in a Centre for disadvantaged children in Hythe, Kent. She has also worked as a teaching assistant in schools in Devon and Manchester. At present she is bursar for the Convent in Sunninghill.

Sister Helena Coskeran

Sister Helena Coskeran joined the Order of the Marist Sisters in 1981. She taught in a sixth form college in Manchester before becoming part of the Marist Sisters mission in Colombia where she worked in initial formation and completed a course for formators at a summer school in Mexico. She was also involved in pastoral work and with groups working for peace. On her return to England Sister Helena worked for CAFOD (Catholic Agency for Overseas Development) and trained as a systemic psychotherapist. Following her time as General Bursar of the Congregation she completed the Graduate Diploma in Theology at Heythrop College. She has worked for the NHS in administrative roles and has been a volunteer therapist at Crossroads Counselling in Bethnal Green since 2011. In December 2018 she took up her appointment as Provincial Bursar.

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STRUCTURE, GOVERNANCE AND MANAGEMENT (continued)

Governance (continued)

Sister Beate Heutger

Sister Beate Heutger is qualified in administration, hotel management and pastoral work. For 12 years she was a pastoral worker in Stendal and Seehausen in the Diocese of Magdeburg, East Germany. After moving to England in 2006 she worked for 2 years in the Marist Centre, Manchester, then as Parish Sister in Yorkshire for 5 years. From 2013 she was Directress of the Marist Retreat Centre in Nympsfield. In December 2019, she took up the role of Provincial Secretary in New Malden. Since the end of August 2020, she has been volunteering in a hospital Chaplaincy. In September 2021 she joined the Community in Sunninghill.

Sister Teresa Moran

A person of wide experience Sister Teresa is a trained teacher who spent many years in Australia, New Zealand and in the Marist Missions of Fiji Islands. She was a teacher in four different schools there from 1969 to 1992. In Fiji she taught for ten years, three as Head Teacher and three years of secondary teaching, having specialised in Field Training in Science and Mathematics from East/West Interchange, Hawaii. On returning to England, Sister Teresa was Foundation Governor in West Byfleet Marist School. Currently she is a member of the Fatima House community, Hythe.

Sister Anne Ord

Sister Anne Ord worked as a civil servant in the Ministry of Defence and in 1991 became a Marist Sister in the Province of England. Having worked for two years as bursar in Marist School Sunninghill, she went to Stendal, East Germany to a new foundation of the Marist Sisters. She worked with the Russland/Deutsch, exiled in the Russian Empire and now invited back to their homeland after perestroika. After ten years in Germany she moved to a parish in Slavutich, Ukraine, built to house survivors of the Chernobyl disaster. She worked in the parish and taught English in the local language school. Compliance with legislation for foreigners becoming increasingly difficult, the Marist Sisters community withdrew from Ukraine. Back in England in 2012 she worked at the National Shrine of Our Lady of Walsingham until she took up her mandate as Provincial Leader in December 2018. She is based in New Malden.

Statement of trustees’ responsibilities

The trustees are responsible for preparing the trustees’ report and accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the trustees to prepare accounts for each financial year which give a true and fair view of the of the charity and of the income and expenditure of the charity for that period. In preparing accounts the trustees are required to:

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STRUCTURE, GOVERNANCE AND MANAGEMENT (continued)

Statement of trustees’ responsibilities (continued)

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy the financial position of the charity and enable them to ensure that the accounts comply with the Charities Act 2011, the applicable Charity (Accounts and Reports) Regulations and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Key management

The trustees consider that they together with the governors, school principal, senior leadership team and the bursar of the independent school in Sunninghill comprise the key management of the charity in charge of directing and controlling, running and operating the charity on a day to day to basis.

All trustees are members of the Order and whilst their living and personal expenses are borne by the charity, they receive no remuneration or reimbursement of expenses in connection with their duties as trustees.

The pay of the senior management team of the schools is reviewed annually by the governors who make recommendations to the trustees who then consider whether to approve the proposals. Pay is normally increased in accordance with average earnings. Where possible the trustees benchmark pays rises against pay rates in other similar schools.

Structure and management reporting

The trustees meet at least four times annually to review and assess developments of the charity and its activities and make any important decisions. In 2021 most meetings took place online. Minutes are filed after each meeting and made available to auditors. When necessary the trustees access their professional advisers – accountants, solicitors, property consultants, investment managers, bank relationship managers and insurance brokers.

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STRUCTURE, GOVERNANCE AND MANAGEMENT (continued)

Structure and management reporting (continued)

The day-to-day management of the charity’s activities and the implementation of policies are delegated to appointed members of the Order or senior lay staff.

MANAGEMENT PROFILE IN PROVINCE OF ENGLAND MANAGEMENT PROFILE IN PROVINCE OF ENGLAND
Work Management
Marist School, Sunninghill Board of Governors, of which two are trustees
Principal Mrs Joanne Smith
Senior Leadership Team
School Bursar – MrJames Jordan
Villa Maria Care Home, Hythe Managed by St John of God Hospitaller Management Services
Manager – Miss Tamara Brown
Bursar – St John of God Hospitaller Management Services
Community Leader – Sister Angelina McNamara
Chaplain – Sister Angelina Cuffe
Marist Youth Centre, Manchester Directress – Sister Mary Frances Boyle
Assistant – Sister Silvia Sanz de Diego
Community Leader – Sister Silvia Sanz de Diego
Bursar – Sister Helena Whelan
Management Team

During the year, the Marist School, Sunninghill was governed by a Board of Governors, appointed by the trustees. The work of implementing most of the governors’ policies at the Marist School, Sunninghill was carried out by the members of the Finance and Communication Committee which met three weeks before each meeting of the full governing board and on occasions specifically to approve the budget and annual accounts and reports.

The Finance and Communication Committee worked under the chairmanship of one of the governors. The other principal committee was the Site Committee, also chaired by one of the governors. This was mainly concerned with building projects, any major maintenance programmes and security issues. The principal and the financial bursar attended the Finance and Communication and Site Committee meetings.

The governors were appointed by the trustees based on their specialist skills, professional expertise and local availability. New governors were inducted into the works of the charity and the school, including Board policy and procedures, at governors’ meetings and at selected external courses specifically designed for governors and officers of charities and educational establishments.

The Education and Wellbeing Committee had a monitoring and advisory role relating to the school’s academic curricular and pastoral provision: alongside the school staff establishment and appointment procedures, terms and conditions of employment and levels of remuneration.

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STRUCTURE, GOVERNANCE AND MANAGEMENT (continued)

Structure and management reporting (continued)

The day-to-day running of the School was delegated to a Principal, the Senior Leadership Team and a Lay Bursar. The Principal and the Bursar were members of the Finance and Communication Committee and the Site Committee. The Principal oversaw the recruitment of all educational staff while the bursar, under delegated authority, oversaw the recruitment of administrative and non-teaching staff.

In the various works, important plans are outlined by management teams, presented to the trustees, who consider the proposals and decide on the outcome.

Working with other organisations

The charity works with and subscribes to several other charities and public bodies including:

Communities

During the year to 31 December 2021, the Province of England comprised 40 sisters who live in seven communities in England.

Each community is governed by a Community Leader or a Community Liaison Person appointed by the Provincial and Council.

Most houses in the Province are in areas deprived socially and spiritually, where the sisters live among the people with whom they work to be more effective in their ministry and in carrying out the missionary and apostolic aims of the Order, to meet and help people where they are.

Work of the communities is kept under review including qualifications of staff and structure of the Order. Pooling of resources is reviewed regularly to more effectively meet and forward the objectives of the Order by evaluating the relevance of community ministries and changing location to more needy areas if necessary.

The Charity of the Order of the Marist Sisters Province of England 43

Trustees' report 31 December 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT (continued)

Risk management

The trustees continue to keep the identified major areas of risk under review. They seek constantly to identify the major risks to which the charity is exposed, and every effort is made to take precautions to prevent damage, accident, illness or any other form of loss that could occur. The latest update of Risk Management policies was in 2020.

Governance and management

Governance and management are regularly reviewed by the Order’s government in Rome to avoid any risk to the Order and hence to the charity through lack of control and guidance. Lack of skills and qualifications and best use of resources are identified and dealt with.

Operational

Risks relating to specific operational areas of the charity especially Marist Youth Centre, Manchester and Villa Maria Residential Care Home are under constant review. Each operates with its own risk management policy checked by the trustees who file copies.

A formal review of the Marist School’s risk management process is undertaken on an annual basis by the Board of Governors. Through the risk management processes established at the schools, the governors are satisfied that the major risks identified have been adequately mitigated where necessary.

Reputational

As far as possible trustees identify and take steps to prevent/remedy any risk situations where possible damage to the charity’s and Order’s reputation might arise.

Financial

To minimise financial risk as far as possible the trustees exercise clear budgetary control across the Province and employ the services of accountants, investment managers and insurers. This enables the more efficient and effective use of the financial and personnel resources of the charity in taking forward the aims of the charity, by maintaining financial support to enable members of the Province to carry out the educational, pastoral, social and caring aims of the charity. The key funding sources are pensions, interest on investments and a small salary. The trustees work closely with professional advisors for the protection of the charity and attended workshop and training days during the year.

Investment strategies are set by the trustees in consultation with their investment managers with whom they meet and review possible risk, especially when markets are volatile as in the present period of fluctuation. To keep well informed of the present situation the Provincial Bursar attended the Association of Bursars’ webinars on 4 to 7 October 2021 and the Unitholder meeting for BlackRock Catholic Charities Growth and Income Fund on 2 March 2021 and 20 October 2021.

The Charity of the Order of the Marist Sisters Province of England 44

Trustees' report 31 December 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT (continued)

Risk management (continued)

Financial (continued)
Meetings with professional advisors in 2021
Buzzacott LLP 16 September Finance meeting
Caterplus 8 November Review of catering in Villa Maria
St John of God 8 March
7 June
6 September
10 December		 Review of service management Villa
Maria
Quilter Cheviot 3 December Review of Investments
Marsh Commercial 19 August Insurance Portfolio Review

Ethical restrictions on investments

Sector Criteria
Tobacco Companies engaged in the ownership of tobacco plantations or
engaged in the production and manufacture of tobacco products.
Armaments Companies involved in military related activities where the
company’s annual turnover in relation to such activities exceeds
10% of the company’s latest annual turnover.
Sanctity of Life Companies which offer services contrary to the Sanctity of Life
or are engaged in the production and/or manufacture of products
contrary to the Sanctity of Life
Pornography
Companies which provide entertainment services via mobile
networks, publishers/wholesalers of pornographic magazines
where the company’s annual turnover in relation to such
products and services exceeds 3%of the company’s latest
Fossil Fuels Any company whose primary business is the extraction,
production and/or distribution of fossil fuel or uranium or who is
responsible for environmental degradation.

Law and government policies

Awareness of current government policies and regulations and assurance of compliance with them is the aim of the trustees in all risk assessment and at all levels of governance and management.

The Charity of the Order of the Marist Sisters Province of England 45

Trustees' report 31 December 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT (continued)

Risk management (continued)

Protection of Children and Vulnerable Adults

The trustees recognise the absolute necessity to ensure the protection of all those the charity serves and those in the service of the charity. All sisters who are involved in any kind of ministry in England and Wales have obtained clearance from the Disclosure and Barring Service (DBS). All employees of the charity must also have DBS clearance before appointment.

Mr Andrew Stables represents the Province in the Catholic Safeguarding Advisory Service (CSAS). In day-to-day accountability, the Safeguarding representative and the Province Leader of the Marist Sisters of the Province of England take their brief from Roman Catholic Diocese of Westminster (RCDOW).

In June 2021 the Marist Sisters joined the Catholic Safeguarding Standards Agency (CSSA), a new professional standards body with regulatory powers, along with the Religious Life Safeguarding Services (RLSS) covering religious orders and congregations, established following an independent review of the safeguarding structures and arrangements within the Catholic Church in England and Wales.

Manchester Youth Centre, Sunninghill School and Villa Maria Care Home each has a named Safeguarding representative.

The trustees believe that having established systems to mitigate major risks to which the charity is exposed, monitoring the level of risk and ensuring effective control in financial systems, awareness of present and projected reserves and by accessing the advice of financial and legal experts – they have adequately mitigated those risks.

EMPLOYEES AND MEMBERS OF THE ORDER

The trustees wish to record their recognition of the professionalism and commitment of their staff and of the individual members of the Order. Their dedication and positive approach are much appreciated.

Signed on behalf of the trustees:

Helena Coskeran

Trustee

Approved by the trustees on: 26/10/2022

The Charity of the Order of the Marist Sisters Province of England 46

Independent auditor’s report 31 December 2021

Independent auditor’s report to the trustees of The Charity of the Order of the Marist Sisters Province of England

Opinion

We have audited the accounts of The Charity of the Order of the Marist Sisters Province of England (the ‘charity’) for the year ended 31 December 2021 which comprise the statement of financial activities, the balance sheet, the statement of cash flows, the principal accounting policies and notes to the accounts. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the accounts:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor’s responsibilities for the audit of the accounts section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the accounts in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the accounts, we have concluded that the Trustees’ use of the going concern basis of accounting in the preparation of the accounts is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the accounts are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Report and Accounts, other than the accounts and our auditor’s report thereon. Our opinion on the accounts does not cover the other information and we do not express any form of assurance conclusion thereon.

The Charity of the Order of the Marist Sisters Province of England 47

Independent auditor’s report 31 December 2021

Other information (continued)

In connection with our audit of the accounts, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the accounts or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the accounts or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities Act 2011 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement, the trustees are responsible for the preparation of the accounts and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of accounts that are free from material misstatement, whether due to fraud or error.

In preparing the accounts, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the accounts

Our objectives are to obtain reasonable assurance about whether the accounts as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these accounts.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The Charity of the Order of the Marist Sisters Province of England 48

Independent auditor’s report 31 December 2021

Auditor’s responsibilities for the audit of the accounts (continued)

How the audit was considered capable of detecting irregularities including fraud

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

We assessed the susceptibility of the charity’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

To address the risk of fraud through management bias and override of controls, we:

The Charity of the Order of the Marist Sisters Province of England 49

Independent auditor’s report 31 December 2021

Auditor’s responsibilities for the audit of the accounts (continued)

How the audit was considered capable of detecting irregularities including fraud (continued)

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the trustees and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the accounts is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with section 145 of the Charities Act 2011 and with regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Buzzacott LLP Statutory Auditor 130 Wood Street London EC2V 6DL

27 October 2022

Date:

Buzzacott LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006

The Charity of the Order of the Marist Sisters Province of England

50

Statement of financial activities Year to 31 December 2021

Notes Unrestricted
funds
£		 Restricted
funds
£


2021
Total
funds
£		 Unrestricted
funds
£		 Restricted
funds
£


2020
Total
funds
£
Income from:
Donations and legacies
1
Investment income and interest receivable
2
Charitable activities
. Provision of education
3
. Provision of retreats
. Provision of care including respite
care
Other sources
. Exchange rate gains
. Surplus on disposal of tangible
fixed assets including freehold
property
4
5
7
10
8
. Coronavirus Job Retention Scheme
grants
. Other coronavirus related grants
. Miscellaneous income
Total income
Expenditure on:
Raising funds
. Investment management costs
Charitable activities
. Provision of education
. Provision of retreats
. Support of members of the
Order and their ministry
. Donations in support of
miscellaneous charitable activities
. Impairment of specialised property
Total expenditure
Net (expenditure) income before gains on
investments and transfers
Net investment gains
Transfers between funds
Net income (expenditure) and net movement in
funds
Reconciliation of funds:
Balances brought forward at 1 January 2021
Balances carried forward at 31 December 2021		 621,382
900,840
5,844,430
4,670
188,139
—
700
3,104
50,513
78,490		 10,000
—
—
—
—
—
—
—
—
—
631,382

900,840

5,844,430

4,670

188,139

—

700

3,104

50,513

78,490		 705,183
742,602
5,481,313
4,380
215,316
168
938,431
258,320
—
100,148		 60,400
—
—
—
—
—
—
—
55,738
—
765,583

742,602

5,481,313

4,380

215,316

168

938,431

258,320

55,738

100,148
7,692,268 10,000
7,702,268		 8,445,861 116,138
8,561,999
100,729
6,124,848
—
1,778,734
168,223
1,385,659		 —
14,239
—
—
—
—
100,729

6,139,087

—

1,778,734

168,223

1,385,659		 101,293
6,078,473
—
1,696,625
231,768
—		 —
29,019
—
55,738
—
—
101,293

6,107,492

—

1,752,363

231,768
—
9,558,193 14,239
9,572,432		 8,108,159 84,757
8,192,916
(1,865,925)
2,688,495
10,000
(4,239)
—
(10,000)		 (1,870,164)

2,688,495
—		 337,702
263,254
—		 31,381
—
—
369,083

263,254

—
832,570
48,556,267		 (14,239)
35,855
818,331
48,592,122		 600,956
47,955,311		 31,381
4,474
632,337
47,959,785
49,888,837 21,616 49,410,453 48,556,267
35,855		 48,592,122

Subsequent to the year end, the charity has disposed of its school. The income and expenditure shown above in respect to the provision of education represent the income and expenditure of this discontinued operation. All of the charity’s other income and expenditure derived from continuing activities during the above two financial periods. All recognised gains and losses are included in the statement of financial activities.

The Charity of the Order of the Marist Sisters Province of England 51

Balance sheet 31 December 2021

Notes 2021
£		 2021
£		 2020
£		 2020
£
Fixed assets:
Tangible assets
10
Investments
11
Total fixed assets
Current assets:
Debtors
12
Short term deposits
Cash at bank and in hand
Total current assets
Liabilities:
Creditors: amounts falling due
within one year
13
Net current assets
Total assets less liabilities
Creditors:amounts falling due after
one year
14
Total net assets
The funds of the charity:
Restricted funds
15
Unrestricted funds
. Tangible fixed assets fund
16
. Designated funds
17
. General funds
Total charity funds		 3,098,392
1,000,000
2,483,175		 12,730,604
33,133,075		 1,602,004
1,000,000
2,601,913		 14,446,251
30,363,443
45,863,679
3,693,834		 44,809,694
3,948,579
6,581,567
(2,887,733)		 5,203,917
(1,255,338)
48,557,513
(147,060)		 48,758,273
(166,151)
49,410,453 48,592,122
21,616
5,277,606
32,212,991
11,898,240		 35,855
6,786,821
22,027,614
19,741,832
49,410,453 48,592,122

Approved by the trustees and signed on their behalf by: Helena Coskeran

Trustee

Approved by the trustees on: 26/10/2022

The Charity of the Order of the Marist Sisters Province of England 52

Statement of cash flows Year to 31 December 2021

Notes
2021
£		 2020
£
Cash flows from operating activities:
Net cash used in operating activities
A
Cash flows from investing activities:
Investment income and interest received
Proceeds from the disposal of tangible fixed assets
Purchase of tangible fixed assets
Proceeds from the disposal of investments
Purchase of investments

Transfer of investments to Marist Sisters Generalate CIO
Net cash (used in) provided by investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at 1 January 2021
B
Cash and cash equivalents at 31 December 2021
B

**(800,383) **		 (1,558,488)


950,117
700
(188,035)
1,661,792
(1,334,515)
—		 523,390
1,086,400
(192,361)
8,995,636
(9,204,922)
746,386
1,090,059 1,954,529

289,676


2,730,045
 396,041
2,334,003

3,019,721		 2,730,045

Notes to the statement of cash flows for the year to 31 December 2021

A Reconciliation of net movement in funds to net cash used in operating activities

2021
£		 2020
£
Net movement in funds (as per the statement of financial activities)
Adjustments for:
Depreciation charge
Impairment of property
Gains on investments
Investment income and interest receivable
Surplus on disposal of tangible fixed assets
(Increase) decrease in debtors
Increase (decrease) in creditors
Net cash used in operating activities		 818,331
516,623
1,385,659
(2,688,495)
(900,840)
700
(1,545,665)
1,613,304		 632,337
526,447
—
(263,254)
(742,602)
(938,431)
(182,315)
(590,670)
(800,383) (1,558,488)
Analysis of cash and cash equivalents 2021
£		 2020
£
Cash at bank and in hand
Cash held by investment managers
Total cash and cash equivalents		 2,483,175
536,546		 2,601,913
128,132
3,019,721 2,730,045

No separate statement of changes in net debt has been prepared as there is no difference between the movements in cash and cash equivalents and movement in net cash (debt).

The Charity of the Order of the Marist Sisters Province of England 53

Principal accounting policies 31 December 2021

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the accounts are laid out below.

Basis of preparation

These accounts have been prepared for the year to 31 December 2021 with comparative information provided in respect to the year to 31 December 2020.

The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant accounting policies below or the notes to these accounts.

The accounts have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (Charities SORP FRS 102) issued on 16 July 2014, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.

The accounts are presented in sterling and are rounded to the nearest pound.

Critical accounting estimates and areas of judgement

Preparation of the accounts requires the trustees to make significant judgements and estimates.

The items in the accounts where these judgements and estimates have been made include:

Assessment of going concern

The trustees have assessed whether the use of the going concern assumption is appropriate in preparing these accounts. The trustees have made this assessment in respect to a period of one year from the date of approval of these accounts.

The trustees have considered how best to secure the long term future of The Marist School and believe that the school will be best served by transferring it as a going concern to a specialist education provider. Following exchange of contracts for the sale of the school on 25 March 2022, the operation of the school formally transferred to the new operator on 24 May 2022, the date of legal completion of the sale

The Charity of the Order of the Marist Sisters Province of England

54

Principal accounting policies 31 December 2021

Assessment of going concern (continued)

The trustees are of the opinion that the charity will have sufficient resources to meet its liabilities as they fall due. With regard to the next accounting period, the year ending 31 December 2022, the most significant areas that may affect the financial position of the charity and the carrying value of its assets are the level of investment return and the performance of the investment markets. During the year to 31 December 2022, the charity’s financial position will be impacted by the transfer of the school as a going concern to another operator (see above). The net assets of the school as at 31 December 2021 amounted to £7,162,770.

Income recognition

Income is recognised in the period in which the charity has entitlement to the income, the amount of income can be measured reliably and it is probable that the income will be received.

Income comprises donations, legacies, investment income and interest receivable, fees for the provision of education, retreat and respite care and other income including the surplus on the disposal of tangible fixed assets.

Donations, including salaries and pensions of individual religious received under Gift Aid or deed of covenant, are recognised when the charity has confirmation of both the amount and settlement date. In the event of donations pledged but not received, the amount is accrued for where the receipt is considered probable. In the event that a donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that those conditions will be fulfilled in the reporting period.

In accordance with the Charities SORP FRS 102 volunteer time is not recognised.

Legacies are included in the statement of financial activities when the charity is entitled to the legacy, the executors have established that there are sufficient surplus assets in the estate to pay the legacy, and any conditions attached to the legacy are within the control of the charity.

Entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, but the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material. In the event that the gift is in the form of an asset other than cash or a financial asset traded on a recognised stock exchange, recognition is subject to the value of the gift being reliably measurable with a degree of reasonable accuracy and the title of the asset having being transferred to the charity.

The Charity of the Order of the Marist Sisters Province of England 55

Principal accounting policies 31 December 2021

Income recognition (continued)

Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

School fees and related charges represent amounts invoiced to parents in respect to the provision of education. Such income is recognised when it falls due under the terms of the contracted arrangements with parents i.e. normally at the commencement of each academic term. School fees and related charges are stated net of bursaries, scholarships and discounts.

Income from retreats represents income from the Marist Centre, Nympsfield and Marist Youth Centre, Manchester whilst that for care represents income from lay residents of Villa Maria Care Home. Such income is recognised when it falls due.

Income from the Government’s Job Retention Scheme in respect to the Covid-19 pandemic and other government funding in respect of the care home is accounted for when the charity has entitlement to the income, the amount of income can be measured reliably and it is probable that the income will be received.

Expenditure recognition

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to make a payment to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accruals basis. Expenditure comprises direct costs and support costs. All expenses, including support costs, are allocated or apportioned to the applicable expenditure headings. The classification between activities is as follows:

The Charity of the Order of the Marist Sisters Province of England 56

Principal accounting policies 31 December 2021

Expenditure recognition (continued)

Charitable grants and donations are made where the trustees consider there is real need following a review of the details of each particular case and comprise single year payments rather than multi-year grants. Grants and donations are included in the statement of financial activities when approved for payment. Provision is made for grants and donations approved but unpaid at the period end.

All expenditure is stated inclusive of irrecoverable VAT.

The majority of costs are directly attributable to specific activities and any apportionment between headings is negligible.

Tangible fixed assets

All assets costing more than £1,500 and with an expected useful life exceeding one year are capitalised.

The trustees are the legal owners of land and buildings used exclusively by a voluntary aided school. The school was founded by the Order, but is now under separate control and publicly funded. The occupation of the land and building is indefinite and rent free. As such assets have no meaningful value in use to the trustees, they are not valued for the purpose of the accounts. The school is situated in Nympsfield, Gloucestershire, and was founded in 1950. A number of additional buildings have been constructed over the years to improve the facilities offered.

The Charity of the Order of the Marist Sisters Province of England 57

Principal accounting policies 31 December 2021

Tangible fixed assets (continued)

Specialised buildings comprise the independent school and care home for elderly sisters. Those that were owned by the charity on 1 January 1994 are stated at deemed cost based on a trustees’ valuation made in 1994 on a replacement cost basis for existing use; additions since are stated at cost. Depreciation is provided at 2% per annum on a straight-line basis to write the buildings off over their estimated useful economic life to the charity.

An impairment loss is recognised for the amount by which the asset’s net book value exceeds its recoverable amount. The recoverable amount is the higher of an asset’s fair value less costs of disposal and value in use.

Costs in connection with buildings and extensions under construction or where detailed feasibility work has been undertaken with a view to future construction are capitalised in the accounts. No depreciation is charged on such assets until the work has been completed and the asset has been brought into use.

Investments

Listed investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price.

The charity does not acquire put options, derivatives or other complex financial instruments.

Realised gains (or losses) on investment assets are calculated as the difference between disposal proceeds and their opening carrying value or their purchase value is acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value at that date. Realised and unrealised investment gains (or losses) are combined in the statement of financial activities and are credited (or debited) in the year in which they arise.

Debtors

Debtors are recognised at their settlement amount, less any provision for non-recoverability. Prepayments are valued at the amount prepaid. They have been discounted to the present value of the future cash receipt where such discounting is material.

The Charity of the Order of the Marist Sisters Province of England 58

Principal accounting policies 31 December 2021

Cash at bank and in hand

Cash at bank and in hand represents such accounts and instruments that are available on demand or have a maturity of less than three months from the date of acquisition. Deposits for more than three months but less than one year have been disclosed as short term deposits. Cash placed on deposit for more than one year is disclosed as a fixed asset investment.

Creditors and provisions

Creditors and provisions are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Creditors and provisions are recognised at the amount the charity anticipates it will pay to settle the debt. They have been discounted to the present value of the future cash payment where such discounting is material.

Funds structure

The funds of the charity include restricted funds which must be applied for specific purposes in accordance with donor’s wishes and unrestricted funds available for use in furtherance of the charity’s objectives at the discretion of the trustees. Unrestricted funds include the tangible fixed assets fund which represents the net book value of the charity’s tangible fixed assets, excluding those designated for use by the charity’s independent school. The funds has been established in recognition of the fact that the tangible fixed assets are required for the charity’s work and are not available as a reserve to fund activities or meet future contingencies.

Within the unrestricted funds of the charity, the trustees have also designated amounts for specific purposes. Details of these are provided in note 17. Details of restricted funds are provided in note 15.

Services provided by members of the Order

For the purposes of these accounts, no monetary value has been placed on the administrative and other services provided by the members of the Order.

Pension costs

Contributions in respect of the independent school’s defined benefit pension scheme are charged to the statement of financial activities so as to spread the cost of pensions over employees’ working lives with the school.

Contributions by the school in respect of employee’s personal pension plans are charged to the statement of financial activities in the period in which they are payable to the scheme.

All eligible members of staff are required to enrol in The People’s Pension or the Teachers’ Pension Scheme, under auto-enrolment. Staff members are entitled to opt out of these schemes.

The Charity of the Order of the Marist Sisters Province of England 59

Principal accounting policies 31 December 2021

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the net movement in funds.

Leased assets

Rentals applicable to operating leases where substantially all the benefits and risks of ownership remain with the lessee are charged to the statement of financial activities on a straight-line basis over the lease term.

Assets held under finance leases are capitalised and depreciated over their useful lives. The corresponding lease obligation is treated in the balance sheet as a liability. The investment element is charged against income over the period of the lease at a consistent proportion of the outstanding balance of capital payments.

The Charity of the Order of the Marist Sisters Province of England

60

Notes to the accounts 31 December 2021

1 Donations and legacies

Unrestricted
funds		 Restricted
funds
£
—
—
10,000
10,000		 Total
funds
2021
£		 Unrestricted
funds
£		 Restricted
funds
£		 Total
funds
2020
£
£
Donations by individual
religious of their salaries,
pensions and other personal
income
Legacies
General donations		 616,668
—
4,714		 616,668
—
14,714		 699,772
4,979
432		 —
—
60,400		 699,772
4,979
60,832
621,382 631,382 705,183 60,400 765,583

2 Investment income and interest receivable

Unrestricted
funds
£		 Restricted
funds
£
—
—
—
—
—
—
—
—
—
—		 Total
funds
2021
£		 Unrestricted
funds
£		 Restricted
funds
£		 Total
funds
2020
£
Income from listed
investments
Common investment funds
UK equities
UK fixed interest
Overseas equities
Overseas fixed interest
Property funds
Alternative investments
Interest receivable
Bank interest		 291,667
217,155
109,554
92,595
17,544
80,986
89,085		 291,667
217,155
109,554
92,595
17,544
80,986
89,085		 267,918
164,063
90,261
91,509
24,432
74,708
21,978		 —
—
—
—
—
—
—		 267,918
164,063
90,261
91,509
24,432
74,708
21,978
898,587
2,253		 898,587
2,253		 734,869
7,733		 —
—		 734,869
7,733
900,840 900,840 742,602 — 742,602

3 Income from the provision of education


Gross fees
Less:
Sibling discounts
Staff discounts
School scholarships,
bursaries and other discounts
Other charges
Net fees receivable		 Unrestricted
funds
2021
£		 Unrestricted
funds
2021
£		 Unrestricted
funds
2020
£		 Unrestricted
funds
2020
£
145,308
182,285
280,773		 6,105,453
(608,366)		 131,323
153,468
733,085		 6,194,022
(1,017,876)
5,497,087
347,343		 5,176,146
305,167
5,844,430 5,481,313

For 2020, other discounts include a £425,000 discount given against the fees for the summer term 2020 to mitigate the economic effect on parents of the Covid-19 pandemic.

The Charity of the Order of the Marist Sisters Province of England 61

Notes to the accounts 31 December 2021

4 Expenditure on: provision of education

Unrestricted
funds
£
Restricted
funds
£		 Total
funds
2021
£		 Unrestricted
funds
£		 Restricted
funds
£		 Total
funds
2020
£
Teaching
Welfare
Premises
School management &
administration		 3,734,616
453,738
959,229
977,265		 —
14,239
—
—		 3,734,616
467,977
959,229
977,265		 3,897,474
313,706
873,125
994,168		 —
19,019
10,000
—		 3,897,474
332,725
883,125
994,168
6,124,848 14,239 6,139,087 6,078,473 29,019 6,107,492

5 Support of members of the Order and their ministry

6 Unrestricted
funds
£		 Restricted
funds
£		 Total
funds
2021
£		 Unrestricted
funds
£		 Restricted
funds
£		 Total
funds
2020
£
Staff costs
Premises
Sisters' living and ministry
expenses
Education, training and
spiritual renewal
Governance costs (note 6)		 604,191
513,181
435,817
12,877
212,668		 —
—
—
—
—		 604,191
513,181
435,817
12,877
212,668		 635,432
525,342
463,974
16,320
55,557		 —
—
55,738
—
—		 635,432
525,342
519,712
16,320
55,557
1,778,734 — 1,778,734 1,696,625 55,738 1,752,363
Governance costs Unrestricted
funds
Restricted
funds
£

—		 Total
funds
2021
£
212,668		 Unrestricted
funds
£		 Restricted
funds
£
—		 Total
funds
2020
£
**£ **
Professional fees 212,668 55,557 55,557

The Charity of the Order of the Marist Sisters Province of England 62

Notes to the accounts 31 December 2021

7 Donations in support of miscellaneous charitable activities

Unrestricted
funds
£		 Restricted
funds
£		 Total
funds
2021
£
Total
funds
2020
£
Contributions to Generalate
Other donations
DEC Coronavirus appeal
Million Minutes
Jesuit Refugee Service
CaTEW
Operation Smile UK
Orbis
Pax Christi
Railway Children
RSBCS
Sightsavers
UK for UNHCR
Water Aid
Action Against Hunger
The Woodland Trust
British Red Cross
Crisis
Mary’s Meals
Dementia UK
Medecins Sans Frontieres
Mercy Ships UK
Donations of less than £1,000
Total funds		 112,416
—		 112,416
118,297
5,000
11,000
—
—
2,000
1,000
2,000
2,000
2,000
4,000
2,000
2,000
2,000
1,000
9,000
2,000
2,000
2,000
2,000
2,000
807
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
5,000

11,000

—

—

2,000

1,000

2,000

2,000

2,000

4,000
2,000
2,000
2,000
1,000
9,000
2,000
2,000
2,000
2,000
2,000
807
5,000

11,000

69,000

2,000

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

—

26,471
55,807 — 55,807
113,471
168,223 — 168,223
231,768

Net (expenditure) income for the year before gains on investments and transfers This is stated after charging:

2021
£		 2020
£
Staff costs (note 8)
Auditor’s remuneration, including VAT
. Statutory audit services – current year
. Statutory audit services – prior year
. Non-statutory audit services
Depreciation
Impairment of specialised property (note 10)
Operatinglease rentals		 4,860,274
30,240
—
22,061
516,623
1,385,659
16,539		 5,063,883
29,400
7,440
18,717
526,447
—
20,019

The Charity of the Order of the Marist Sisters Province of England 63

Notes to the accounts 31 December 2021

8 Staff costs, remuneration of key management personnel and trustees’ remuneration

2021
£		 2020
£
Staff costs during the year were as follows:
Wages and salaries
Social security costs
Other pension costs
Agency costs
Staff costs per function were as follows:
Provision of education
Support of members of the Order and their ministry		 3,839,551
338,352
623,296
59,075		 4,019,183
359,013
638,017
47,670
4,860,274 5,063,883
4,255,785
604,489		 4,430,190
633,693
4,860,274 5,063,883

In the year to 31 December 2021, including taxable benefits but excluding employer pension contributions, two employees earned between £60,000 and £70,000 (2020 - one), one employee earned between £70,000 and £80,000 (2020 – one) and one employee earned between £80,000 and £90,000 (2020 – one). Pension contributions to the defined benefit scheme were made by the school in respect to all three of these higher paid employees (2020 – all three).

The key management personnel of the charity in charge of directing and controlling, running and operating the charity on a day-to-day basis comprise the trustees and the governors, the school principal, the senior leadership team and the bursar of the independent school in Sunninghill. The total remuneration (including taxable benefits and employer’s pension contributions) of the key management personnel for the year was £1,060,687 (2020 - £843,699).

The average number of employees during the period, analysed by function, was:

2021
No.		 2020
No.
Provision of education
Support of members of the Order and their ministry		 114
32		 116
41
146 157

As members of the Order, the trustees’ living expenses during the year were borne by the charity, but they received £nil remuneration or reimbursement of expenses in connection with their duties as trustees during the year (2020 – £nil).

As members of the Order, none of the trustees have resources of their own as all earnings, pensions and other income have been donated to the charity under a Gift Aid compliant Deed of Covenant. During the year, the total amount donated by trustees to the charity was £39,414 (2020 - £53,493).

The Charity of the Order of the Marist Sisters Province of England 64

Notes to the accounts 31 December 2021

9 Taxation

The Charity of the Order of the Marist Sisters Province of England is a registered charity and, therefore, is not liable to taxation on income and gains derived from its charitable activities, as it falls within the various exemptions available to registered charities.

10 Tangible fixed assets

Tangible fixed assets
Freehold land and
buildings		 Furniture
and
equipment
£		 Motor
vehicles
£		 Total
£
Non-
specialised
£		 Specialised
£
Cost or valuation
At 1 January 2021
Reclassification
Additions
Disposals
At 31 December 2021
At cost
At deemed cost – 1994
valuation
Depreciation
At 1 January 2021
On disposals
Charge for year
Impairment
At 31 December 2021
Net book values
At 31 December 2021
At 31 December 2020		 2,715,432
—
—		 17,951,748
2,158
—		 1,962,016
185,877
(2,381)		 195,623
—
(6,000)		 22,824,819
188,035
(8,381)
2,715,432 17,953,906 2,145,512 189,623 23,004,473
589,222
2,126,210		 10,356,442
7,597,464		 2,145,512
—		 189,623
—		 13,280,798
9,723,674
2,715,432 17,953,906 2,145,512 189,623 23,004,473
—
—
—
—		 6,624,354
—
359,042
1,385,659		 1,603,335
(2,381)
142,345
—		 150,879
(4,600)
15,236
—		 8,378,568
(6,981)
516,623
1,385,659
— 8,369,055 1,743,299 161,515 10,273,869
2,715,432 9,584,851 402,213 28,108 12,730,604
2,715,432 11,327,394 358,681 44,744 14,446,251

As permitted under Financial Reporting Standard 102, the charity has continued to adopt a policy of not revaluing its tangible fixed assets.

It is likely that there are material differences between the open market values of the charity’s land and buildings and their book values. The amount of such differences cannot be ascertained without incurring significant costs, which, in the opinion of trustees, is not justified in terms of the benefit to the users of the accounts.

The historical cost of the freehold land and buildings included above at deemed cost based on a 1994 valuation cannot be ascertained with accuracy.

The specialised property at Sunninghill was sold on 24 May 2022. An impairment provision has been recognised in these accounts to reduce the net book value of the property to its fair value (i.e. realisable value) at 31 December 2021.

The Charity of the Order of the Marist Sisters Province of England 65

Notes to the accounts 31 December 2021

11 Investments

Investments
2021
£		 2020
£
Listed investments
Market value at 1 January 2021
Additions at cost
Disposals (proceeds: £1,661,792 gains: £106,694)
Transfer to Marist Sisters Generalate CIO, Charity Registration Number
1179883
Net unrealised investment gains
Market value at 31 December 2021
Cash held by investment managers for re-investment
Cost of listed investments at 31 December 2021		 30,235,311
1,334,515
(1,555,098)

—
2,581,801		 30,509,157
9,204,922
(9,968,324)
(746,386)
1,235,942
32,596,529
536,546		 30,235,311
128,132
33,133,075 30,363,443
26,185,709 26,124,779

Listed investments held at 31 December 2021 comprised the following:

2021
£		 2020
£
UK equities
Common investment funds and common authorised investment funds
UK fixed interest
Overseas equities
Overseas fixed interest
Property funds
Alternatives		 5,325,930
11,516,214
3,860,758
7,784,852
550,610
2,001,960
1,556,205		 5,489,270
10,485,239
4,133,953
6,690,060
568,350
1,768,511
1,099,928
32,596,529 30,235,311

At 31 December 2021 listed investments included the following individual holdings which were material when compared to the total portfolio valuation as at that date:

Holding 2021 2021 2020 2020
Market
value of
holding
£		 Percentage
of
portfolio
%		 Market
value of
holding
£		 Percentage
of
portfolio
%
BLK Catholic Charities Growth and
Income A Income Fund		 11,411,111 35.01 10,392,022 34.37

All listed investments were dealt in on a recognised stock exchange.

12 Debtors

Debtors
2021
£		 2020
£
School fees and related charges
Investment income receivable held by investment managers
Prepayments and accrued interest
Other debtors		 1,642,010
1,102,006
228,896
125,480		 161,683
1,151,282
194,890
94,149
3,098,392 1,602,004

The Charity of the Order of the Marist Sisters Province of England 66

Notes to the accounts 31 December 2021

13 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
2021
£		 2020
£
Amount due to the Generalate of the Order
Expense creditors
Payroll creditors
Other taxation and social security costs
Accruals
School fee deposits
Monies administered by the charity on behalf of individual members
of the Order
Deferred income including fees in advance
Donations payable
Finance lease liability		 2,468
206,185
84,290
70,594
188,962
130,643
43,953
2,157,794
—
2,844		 2,632
83,219
71,427
242,423
171,089
125,700
47,948
506,496
—
4,404
2,887,733 1,255,338

Deferred income comprises school fees in advance (see above and note 14 also). Such income has been deferred because the charity has not yet met the conditions for recognising the income i.e. contractually the income is not due until January 2020. The movements on deferred income are analysed below:

2021
£		 2020
£
Fees in advance at 1 January 2021
Released in year
Additions in year
Fees in advance at 31 December 2021		 554,268
(554,268)
2,173,398		 579,894
(486,969)
461,343
2,173,398 554,268

14 Creditors: amounts falling due after one year

Creditors: amounts falling due after one year
2021
£		 2020
£
Fee deposits
Fees in advance
Finance lease liability		 129,988
15,604
1,468		 110,638
47,772
7,741
147,060 166,151

The Charity of the Order of the Marist Sisters Province of England 67

Notes to the accounts 31 December 2021

15 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balance of grants and donations to be applied for specific purposes:

At 1
January
2021
£		 Income
£		 Expenditure
£		 Transfers
£		 At 31
December
2021
£
Donations towards sports
hall equipment
Donations towards hardship
fund
Minibus fund
Donation towards
playground		 5,000

27,276
3,579
—		 —
—
—
10,000		 —
(13,523)
(716)
—		 —
—
—
(10,000)		 5,000
13,753
2,863
—
35,855 10,000 (14,239) (10,000) 21,616
At 1
January
2020
£		 Income
£		 Expenditure
£		 Transfers
£		 At 31
December
2020
£
Donations towards music
studio
Donations towards sports
hall equipment
Donations towards hardship
fund
Minibus fund
Government grants – Covid
19		 —
—

—
4,474
—		 10,000
5,000
45,400
—
55,738		 (10,000)
—
(18,124)
(895)
(55,738)		 —
—
—
—
—		 —
5,000
27,276
3,579
—
4,474 116,138 (84,757) — 35,855

Donations received specifically towards the Music Studio at Sunninghill School have been expended in the year.

 Outdoor Learning Facility

This fund represents donations received towards the construction of an outdoor classroom known as ‘Hillview’ on the Sunninghill School site. The amounts received into the fund have been applied during the year towards the costs of constructing the facility. A transfer from restricted to unrestricted funds has been made to reflect this.

 Minibus Fund

This fund represented a donation received from the Marist Friends Association to purchase a minibus for Sunninghill School. Each year the depreciation on the minibus is charged to the fund.

The Charity of the Order of the Marist Sisters Province of England 68

Notes to the accounts 31 December 2021

15 Restricted funds (continued)

16 Tangible fixed assets fund

Tangible fixed assets fund
At 1 January 2021
Net movement in the year
At 31 December 2021		 2021
£		 2020
£
6,786,821
(1,509,215)		 6,982,739
(195,918)
5,277,606 6,786,821

The tangible fixed assets fund represents the net book value of the charity’s tangible fixed assets, excluding those designated for use by the charity’s independent school, and has been established in recognition of the fact that the tangible fixed assets are required for the charity’s work and are not available as a reserve to fund activities or meet future contingencies.

17 Designated funds

The unrestricted funds of the charity include the following funds designated for specific purposes:

At 1
January
2021
£		 New
designations
in year
£
Utilised/
(released)
£		 At 31
December
2021
£
School fund
Retirement reserve
Bursary fund
Villa Maria property and maintenance fund
Congregational giving fund		 7,466,393
14,550,000
11,221
—
—		 —
—
4,000,000
8,000,000		 (303,623)
(1,500,000)
(11,000)
—
—		 7,162,770
13,050,000
221
4,000,000
8,000,000
22,027,614 12,000,000 **(1,814,623) ** 32,212,991
At 1
January
2020
£		 New
designations
in year
£		 Utilised/
(released)
£		 At 31
December
2020
£
School fund
Retirement reserve
Bursary fund		 7,839,381
14,550,000
22,221		 —
—
—		 (372,988)
—
(11,000)		 7,466,393
14,550,000
11,221
22,411,602 — (383,988) 22,027,614

 School fund

The school fund represents the net assets designated for use by the charity’s independent school.

 Retirement reserve

The retirement reserve consists of monies which the trustees have set aside in order to provide for the sisters in their retirement. The value of the fund has been calculated on actuarial principles to provide for the Province’s sisters, but is adjusted as necessary in the light of available resources and changes in the number of the Province’s members and their age profile.

The Charity of the Order of the Marist Sisters Province of England

69

Notes to the accounts 31 December 2021

17 Designated funds (continued)

This represents monies set aside by the trustees for the payment of bursaries at the charity’s independent school.

18 Analysis of net assets between funds

Restricted
funds
£		 Tangible
fixed
assets
fund
£		 Designated
funds
£		 General
fund
£		 Total
funds
2021
£
Fund balances at 31
December 2021 are
represented by:
Tangible fixed assets
Investments
Net current assets
Creditors: amounts falling
due after one year
Total net assets		 21,616
—
—
—		 5,277,606
—
—
—		 7,431,384
25,050,000
(121,333)
(147,060)		 —
8,083,075
3,815,165
—		 12,730,604
33,133,075
3,693,834
(147,060)
21,616 5,277,606 32,212,991 11,898,240 49,410,453
Restricted
funds
£		 Tangible
fixed
assets
fund
£		 Designated
funds
£		 General
fund
£		 Total
funds
2020
£
Fund balances at 31
December 2020 are
represented by:
Tangible fixed assets
Investments
Net current assets
Creditors: amounts falling
due after one year
Total net assets		 8,579
—
27,276
—		 6,786,821
—
—
—		 7,650,851
14,550,000
(7,086)
(166,151)		 —
15,813,443
3,928,389
—		 14,446,251
30,363,443
3,948,579
(166,151)
35,855 6,786,821 22,027,614 19,741,832 48,592,122

The Charity of the Order of the Marist Sisters Province of England 70

Notes to the accounts 31 December 2021

18 Analysis of net assets between funds (continued)

The total unrealised gains as at 31 December 2021 constitutes movements on revaluation and are as follows:

and are as follows:
2021
£		 2020
£
Unrealised gains included above:
On investments
Total unrealised gains at 31 December 2021
Reconciliation of movements in unrealised gains
Unrealised gains at 1 January 2021
Less: in respect to disposals of listed investments in the year
Add: net gains arising on revaluation of listed investments arising in the
year
Total unrealisedgains at 31 December 2021		 6,410,820 4,110,532
6,410,820 4,110,532
4,110,532
(281,511)		 7,178,035
(4,100,069)
3,829,021

2,581,799		 3,077,966
1,032,566
6,410,820 4,110,532

19 Pension commitments

Retirement benefits for academic employees of the charity’s independent school are provided by a defined benefit scheme, the Teachers’ Pension Scheme (TPS), which is funded by contributions from Marist School, Sunninghill and the employees.

Teachers’ Pension Scheme

The Teachers' Pension Scheme (TPS) is a statutory, contributory, defined benefit scheme, governed by the Teachers' Pensions Regulations (2010) and, from 1 April 2014, by the Teachers’ Pension Scheme Regulations 2014. Membership is automatic for full-time teachers in academies and, from 1 January 2007, automatic for teachers in part-time employment following appointment or a change of contract, although they are able to opt out.

The TPS is an unfunded scheme and members contribute on a ‘pay as you go’ basis – these contributions along with those made by employers are credited to the Exchequer. Retirement and other pension benefits are paid by public funds provided by Parliament.

Valuation of the Teachers’ Pension Scheme

Not less than every four years the Government Actuary, using normal actuarial principles, conducts a formal actuarial review of the TPS in accordance with the Public Service Pensions (Valuations and Employer Cost Cap) Directions 2014 published by HM Treasury. The aim of the review is to specify the level of future contributions. Actuarial scheme valuations are dependent on assumptions about the value of future costs, design of benefits and many other factors. The latest actuarial valuation of the TPS was carried out as at 31 March 2012 and in accordance with the Public Service Pensions (Valuations and Employer Cost Cap) Directions 2014. The valuation report was published by the Department for Education on 9 June 2014. The key elements of the valuation and subsequent consultation are:

The Charity of the Order of the Marist Sisters Province of England

71

Notes to the accounts 31 December 2021

19 Pension commitments (continued)

Valuation of the Teachers’ Pension Scheme (continued)

The next valuation result is due to be implemented from 1 April 2023.

The pension costs paid to TPS in the period amounted to £541,430 (2020 - £504,315).

A copy of the valuation report and supporting documentation is on the Teachers’ Pensions website.

Under the definitions set out in FRS 102, the TPS is a multi-employer pension scheme. The school has accounted for its contributions to the scheme as if it were a defined contribution scheme. The school has set out above the information available on the scheme.

20 Operating leases

As at 31 December 2021, the school had minimum commitments under non-cancellable operating leases in respect to motor vehicles and other equipment as follows:

Payments which fall due: 2021
£		 2020
£
Within one year
Within one to two years
Within two to five years		 11,047
4,800
2,800		 16,539
11,047
7,600
18,647 35,186

The school leases certain motor vehicles under finance leases. The future minimum payments (net of interest) to which the school is committed are as follows:

2021
£		 2020
£
Payable within:
One year
One to two years
Two to five years		 3,624
1,468
—		 3,819
3,819
4,507
5,092 12,145

The Charity of the Order of the Marist Sisters Province of England 72

Notes to the accounts 31 December 2021

21 Capital commitment

At 31 December 2021 there were no capital commitments (31 December 2020: the School had committed to capital works on new school gates totalling £55,001).

22 Related parties

Transactions with trustees are disclosed in note 8 to these accounts.

One governor of Marist School, Sunninghill had a daughter who attended the school during 2020 and received a bursary of 70%.

During the year, £7,452 (2020 - £6,060) was paid to JDB Contractors and Sons Limited, a company in which Barbara Denning, a governor of the Marist School, Sunninghill, has a familial interest.

During the year, £nil (2020 - £125) was paid to a Governor of Marist School, Sunninghill for Safeguarding services.

Two of the trustees of the charity are trustees also of The Marist Sisters Generalate CIO (Charity Registration Number 1179883). During the year the charity paid donations totalling £112,416 (2020: £114,490) to The Marist Sisters CIO.

There were no further related party transactions requiring disclosure (2020 – none).

23 Ultimate control

The charity, which is constituted as a trust, was controlled throughout the period by the Order of the Marist Sisters Province of England by virtue of the fact that the Provincial Superior of the Order appoints all of the trustees.

24 Post balance sheet events

On 25 March 2022, the charity exchanged contracts for the sale of the Marist School, Sunninghill, as a going concern to a specialist education provider. The sale of the school completed on 24 May 2022.

The Charity of the Order of the Marist Sisters Province of England 73