## **THE** ## **SPIRITANS** **The Congregation of the Holy Spirit and the Immaculate Heart of Mary** _British Province_ Trustees and Accounts ANNUAL REPORT 2024 Charity Registration Number 227350 (England and Wales) SC011294 (Scotland) **Contents** ## **Reports** |**Reports**|| |---|---| |Legal and administrative information|1| |Trustees’ report|3| |Independent auditor’s report|23| |**Accounts**|| |Consolidated statement of financial activities|28| |Charity statement of financial activities|29| |Balance sheets|30| |Consolidated statement of cash flows|31| |Principal accounting policies|32| |Notes to the accounts|38| **Legal and administrative information** **Trustees** Father Ugochukwu Ikwuka C.S.Sp (Chairperson) Father Michael Desmond Wilson C.S.Sp (Resigned August 2024) Father Solomon Shamee C.S.Sp (Appointed August 2024) Father James Flynn C.S.Sp (Resigned August 2024) Father Ricklan Mallya C.S.Sp (First Assistant) (Appointed August 2024) Father Joseph Melchior Kiwango C.S.Sp (Resigned August 2024) Father Patrick Adusei-Poku C.S.Sp (Appointed August 2024) Father Paul Antwi-Boasiako C.S.Sp (Resigned August 2024) Father Arthur Marie Georges Matip (Appointed August 2024) **Principal Address** Spiritan House 60 Hoole Road Chester CH2 3NL **Other locations** 6 Woodlands Road Bromley Kent BR1 2AF 117 Newarthill Road Carfin Motherwell ML1 5AL The Spiritan Centre Northallerton Road Salford M7 3TP Holy Ghost Fathers 61 Leicester Road Salford M7 4DA **Charity registration** 227350 (England and Wales) **numbers** SC011294 (Scotland) **Auditor** Buzzacott Audit LLP 130 Wood Street London EC2V 6DL **Bankers** National Westminster Bank plc 10 Elephant Yard Kendal LA9 4LZ 1 Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province ## **Legal and administrative information** **Investment** Rathbones Investment Management Limited **Managers** 30 Gresham Street London EC2V 7QN Ramsey Crookall Securities House 38/42 Athol Street Douglas Isle of Man IM1 1QH BlackRock Investment Managers (UK) Limited 12 Throgmorton Avenue London EC2N 2DL UBS Financial Services Inc 500 Grant Street BNY Mellon Center 46th Floor PA 15219-2502 LCL International St George’s Court Upper Church Street Douglas Isle of Man IM1 1EE **Solicitors** IBB Solicitors Capital Court 30 Windsor Street Uxbridge Middlesex UB8 1AB 2 Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province **Trustees’ report** Year to 31 December 2024 The Trustees present the report and accounts of The Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province (the “charity” or “Province”) for the year ended 31 December 2024. The charity is also known within the Catholic Church as ‘The Spiritans’ and the ‘Holy Ghost Fathers’. The accounts have been prepared in accordance with the accounting policies set out on pages 32 to 37 of the attached accounts and comply with the charity’s trust deed, applicable laws 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 (Charities SORP FRS 102). ## A General Overview of the Congregation The British Province of the Spiritans is a part of an international missionary organisation within the Catholic Church. This international missionary congregation has approximately 3,000 members serving in 60 different countries across six continents, namely, Europe, Africa, North and South America, Asia and Australia. This vast international presence is organised into Circumscriptions. For the most part, these Circumscriptions equate to a country, with the general administrative office in Rome. There are two types of circumscriptions: Provinces and Groups. Provinces are usually more stable, with local members, promotion of vocations and formation structures. Groups are usually created to undertake a specific missionary task. The Spiritans, comprise of clerics, consecrated laymen and Lay Associates. Spiritan brothers are consecrated laymen who make life long vows, but have not opted for ordination to the priesthood. They develop professional and technical skills such as medicine, teaching, social services and communications, which are critical to mission works and projects everywhere in the world. Spiritan Lay Associates are members who undertake renewable promises of commitment, to live out the Spiritan vision and spirituality in their everyday family lives and work. Many of them are key supporters of our projects. ## The Spiritans, British Province The British Province of the Spiritans is one of the many circumscriptions of the international Congregation, and while part of the world-wide Congregation, it is yet an independent authority with its definite structure within the UK. ## A Brief History of the British Province The Congregation of the Holy Spirit, widely known as the Holy Ghost Fathers or Spiritans, was founded in 1703 by a young French scholastic, Claude Francis Poullart des Places (1679-1709) and merged in 1845 with The Congregation of the Holy Heart of Mary, founded by the Venerable Father Francis Libermann, a Jewish convert (1802-1852) to form The Congregation of the Holy Spirit and the Immaculate Heart of Mary (The Spiritans). 3 Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province **Trustees’ report** Year to 31 December 2024 ## A Brief History of the British Province _(continued)_ The Spiritans presence in the UK dates back to the 18th century. However, specific missionary activities of the Spiritans in the UK were identified with the arrival of Fr Jacques Bertout in 1792 in England while fleeing the French Revolution. In 1904, with the renting of the Prior Park Mansion near Bath in Somerset the Spiritan presence was grounded in England. In 1907, Castle Head in North Lancashire was acquired to be a Minor Seminary and the British Province came to be officially established in 1925. In 1939, the Spiritans purchased Upton Hall in Nottinghamshaire for a Senior Seminary, which was later requisitioned during the World War II. In 1947, the Bickley House was acquired for the Provincial Headquarters and a centre for late vocations. Recognising the importance of Scotland, as both a place for missionary vocations as well as support for missionary work, the Spiritans set up a community in Carfin, on the outskirts of Glasgow, in 1956. ## The British Province in Mision ad Extra By this time, on average, four new priests were ordained every year and despite the U- boats on the Atlantic, the young missionaries sailed to their missions in Sierra Leone, Nigeria and East Africa. Subsequently, the British Province became one on the Provinces in the Spiritan world that sent out the most missionaries to other parts of the world, especially Africa. In 1925, the first Spiritans from the United Kingdom went to Sierra Leone in West Africa. As numbers grew, more followed. Others began to go to Southern Nigeria and Mauritius, while a few went to east Africa and the Caribbeans. In 1947, Rome entrusted to the then English Province the Prefecture of Otukpo in Northern Nigeria, an area almost the size of England, Frank Murray C.S.Sp being the first Prefect. Ever since, most of missionaries have worked there. This became the Diocese of Makurdi in 1958 with James Hagan C.S.Sp., as its first bishop. The Fathers first concentrated on education in primary schools, and then opened colleges for boys, and with the help of the Holy Rosary Sisters, for girls too. In 1975, the Government took over the schools enabling the missionaries to pay more attention to the adults, using the new Rite of Christian Initiation for Adults (RCIA). The response was tremendous. Bishop Murray, C.S.Sp., invited other Religious Societies, of both men and women, and many new parishes were opened as well as clinics and hospitals. From the beginning, following Father Libermann's advice, the missionaries encouraged local vocations who would eventually take over the area. A Junior Seminary was opened in Keffi in 1956 and students from there went on to the Senior Seminary in Jos. The first Diocesan priest for Makurdi Diocese was ordained on 1 January 1970, to be followed each year by an ever-increasing number. With the diocesan clergy assured, young men were encouraged to join the Holy Ghost Fathers and there are now many professed members from the diocese and the surrounding areas. 4 Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province **Trustees’ report** Year to 31 December 2024 ## The British Province in Mision ad Extra _(continued)_ Today there are close to ten million people in the original prefecture area, which is now split into eight Dioceses, Idah, Otukpo, Makurdi, Gboko, Katsin ala, Lafia, Wukari and part of Jalingo, each with its own indegenous Bishop and clergy. The Province continued its links with Sierra Leone and has always had Fathers working there up to and during the brutal civil war which ran from 1991 to 2000. After Vatican II, there was a much greater involvement in international projects and the then English Province was at the forefront of this missionary commitment with British confreres serving on international teams in Angola, Australia, Kenya, Tanzania, South Africa and Ghana. The Province has continued to experience growth and renewal due largely to mission appointments of Spiritans from other Provinces of the Congregation to the British Province. The Province has enjoyed great missionary successes and expansion in Britain and overseas, and has maintained an international and missionary flavour to its works. ## Constitution & legal Status of the Province in the UK By a Trust Deed executed in 1963, the Province was established as a registered Charity. This deed conferred the initial assets of the charity upon its trustees, requiring them to apply the capital, and income from such assets, for charitable purposes which advance the religious, missionary and other charitable work in England, Wales, Scotland and any other part of Great Britain and in British Colonies and Dependencies or the British Commonwealth for such lawful charitable purposes connected with the advancement of the Roman Catholic religion as the trustees shall decide. ## The Spiritans and the British Church While greater attention was given to mission ad extra in the earlier days, today, the Spiritans have a huge missionary presence in the UK impacting greatly the local Church of the Kingdom of Britain. With about 105 clerical members and 7 Lay Associates, presently, Spirtians have a very wide-spread presence across 10 Diocese in the Church of England & Scotland administering 37 Parishes within the UK. 5 Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province **Trustees’ report** Year to 31 December 2024 ## Objectives and activities ## Objectives The objective of the charity (Province) is to advance the religious, missionary or other charitable work of the Congregation. In practice, this means the charitable work of the Roman Catholic Church especially the promotion of its ethical, religious and missionary ideals. When setting the objectives and planning the work of the charity for the year, and when encouraging the work of individual members, the trustees have given careful consideration to the Charity Commission's guidance on public benefit. From the late 1980 ‘s to date, there has been conscious decision to concentrate on working with young people, people seeking asylum and refugees, and other marginalised groups within the United Kingdom, as well as maintaining a retirement provision for elderly confreres and offering assistance to the Congregation’s overseas missionary works. ## The Vision of the British Province The Spiritans of the British Province undertake to be a witness to the Gospel in an everchanging world. We strive especially to serve those who are poor and marginalised by society, sensitive to their changing needs. Our vision is to carry out our mission by fidelity to community life. We desire a revitalisation of community. The process of sharing, community prayer, mutual support and trust, affirmation and dialogue are recognised as essential elements of community building. ## The Mission of the British Province We are dedicated to the Holy Spirit, who invites us to renew the face of the earth through our holiness and works of charity targeted at the poorest of the poor. We place ourselves under the protection of the Immaculate Heart of Mary, who was filled by the same Spirit inviting us to lift up the lowly. In keeping with our ideal of a life that is both fraternal and apostolic, we take for our motto the words used to describe the early Christian communities: _Sharing all things in common._ In faithfulness to the intuitions of our Founders, to their experiences and to the living traditions of our Congregation, we give priority to those who have little or no experience of the Gospel. Among these are: 6 Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province **Trustees’ report** Year to 31 December 2024 ## Objectives and activities (continued) The Mission of the British Province (continued) These areas contain some of the mos **t** disadvantaged in our society and belong to groups for whom the Church has difficulty in finding workers. The decree of the Second Vatican Council "Ad Gentes" (to the nations), remains an important commitment of the British Province. We aspire to achieve this mission through: - Witnessing to community life; - Collaborative ministry; - Parish ministry; and - Putting in place foundations so that a work is not dependent on our continuing presence. We also continue to give support to new Provinces and Foundations (Circumscriptions) of the Congregation. 7 Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province **Trustees’ report** Year to 31 December 2024 ## Activities, achievements and performance ## General overview The general performance of the Province over the course of 2024 has been fair enough. Missionary activities have performed well as we can see a great expansion across ecclesiastical regions of the country. In the wake of this commendable expansion, the Trustees have always taken into account attendant economic concerns. Thus, they have consistently reviewed the activities of the Charity and made adjustments were necessary. ## Communities, parishes, projects and chaplaincies In the course of the year, on behalf of the 10 Dioceses in the UK, the Province administered the works of 37 parishes, most of which have more than one church and primary schools attached. Characteristically, in agreement with each Diocese, each parish is orientated and focused towards the Missionary objectives of the Province. This includes not only support of the local Church but also the general missionary vision of the Congregation worldwide. This is achieved through encouraging prayer, community building and practical support. The parishes act as a base for our Spiritan outreach in those particular areas. Our Spiritan ministry encompasses engagement within the parish, the local community, and reaching out to those at the margins of the society. Using the parish as a base, we also reach out to schools as school chaplains and school governors. 8 Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province **Trustees’ report** Year to 31 December 2024 ## Activities, achievements and performance _(continued)_ ## Communities, parishes, projects and chaplaincies _(continued)_ ## **Parishes Ministered During the Year across Dioceses** |||||| |---|---|---|---|---| ||**Church/Parish**|**Address**|**Diocese**|**Telephone**| |||||| |||||| |**1**|St.
Mary's
&
St.
Columba|24 Bowling Green Road, Castletown,
Isle of Man, IM9 1EB|Arch. of Liverpool|01624 822272| |||||| |||||| |**1**|Holy Cross|40 Hall Green Road, Stone Cross, West
Bromwich, B71 3LA|Arch. of Birmingham|0121 588 2743| |||||| |||||| |**2**|Our Lady of the Angels
and St Peter in Chains|106 Hartshill Road, Stoke-on-Trent, ST4
7LT|Arch. of Birmingham|01782 844 308| |||||| |||||| |**3**|Sacred Heart|Jasper Street, Hanley, Stoke-on-Trent,
ST11 3DA|Arch. of Birmingham|01782 215 217| |||||| |||||| |**4**|St Mary and St Modwen|78A Guild Street, Burton-On Trent,
Staffordshire, DE14 1NB|Arch. of Birmingham|01283 563 246| |||||| |||||| |**5**|St Michael and the Holy
Angels|260 High Street, West Bromwich,
Sandwell, B70 AQ|Arch. of Birmingham|0121 588 2743| |||||| |||||| |**6**|St Patrick's|106 Dudley Road, Winson Green,
Birmingham, B18 7QN|Arch. of Birmingham|0121 454 0418| |||||| |||


||| |**7**|St Philip Neri|Messenger
Rd,
Smethwick,
West
Midlands, B66 3DU|Arch. of Birmingham|0121 558 1065| |||||| |||||| |**8**|Sacred Heart|7 Old Liverpool Rd, Warrington, WA5
1AE|Arch. of Liverpool|01925 631 086| |||||| |||||| |**9**|SS Mary and John|171 Crow Lane East, Newton-Le-
Willows, WA12 9UD|Arch. of Liverpool|01925 226 106| |||||| |||||| |**10**|St. John the Evangelist|70 Fountains Road, Kirkdale, Liverpool,
L4 1QL|Arch. of Liverpool|0151 922 3604| |||||| |||||| |**11**|St.
Mary's
&
St.
Columba|24 Bowling Green Road, Castletown,
Isle of Man, IM9 1EB|Arch. of Liverpool|01624 822 272| |||||| |||


||| |**12**|Our Lady Immaculate|401-403
Ewell
Road,
Tolworth,
Surbiton, KT6 7DG|Arch. of Southwark|020 8399 9550| |||||| |||||| |**13**|Our Lady of Gillingham|2A Ingram Road, Gillingham, ME7 1YL|Arch. of Southwark|01634 852 979| |||||| |||||| |**14**|St Chad's|5 Whitworth Road, South Norwood,
London, SE25 6XN|Arch. of Southwark|020 8653 2806| |||||| |||||| |**15**|St Joseph|2 Commerell Street, East Greenwich,
London, SE10 0EA|Arch. of Southwark|020 8858 1845| |||||| |||||| |**16**|St Joseph's|135 Shooter's Hill, London, SE18 3QE|Arch. of Southwark|020 3105 8577| |||||| |||||| |**17**|St Mary Magdalene|73 Comerford Road, Brockley, London,
SE4 2BA|Arch. of Southwark|020 8691 2404| |||||| |||||| |**18**|St Paul's|103, Maison Dieu Road, Dover, Kent,
CT16 1RU|Arch. of Southwark|01304 206 766| |||||| 9 Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province **Trustees’ report** Year to 31 December 2024 |||||| |---|---|---|---|---| ||**Church/Parish**|**Address**|**Diocese**|**Telephone**| |||||| |||||| |**19**|St. Andrews|45 Brook Road, Thornton Heath, CR7
7RD|Arch. of Southwark|020 8684 3013| |||||| |||||| ||

|1 Hill's Terrace, Chatham, ME4 6PU|Arch. of Southwark|01634 842 886| |**20**|St.
Michael
the
Ahl|||| ||rcange|||| |||||| |||||| |||63 Somerset Rd, New Barnet, EN5 1RF|Arch. of Westminster|020 8449 1961| |**21**|Mary Immaculate & St.
Pt|||| ||eer|||| |||||| |||||| |**22**|Our Lady of Lourdes|5 Berrymead Gardens, Acton, Loondon,
W3 8AA|Arch. of Westminster|020 8992 2014| |||||| |||||| |**23**|SS Michael & Martin|94 Bath Rd, Hounslow, TW3 3EH|Arch. of Westminster|020 8570 1693| |||||| |||||| |**24**|St Gabriel's|15 St John's Villas, Archway, London,
N19 3EE|Arch. of Westminster|020 7272 8195| |||||| |||||| |**25**|St John Vianney|370 W Green Rd, London, N15 3QL|Arch. of Westminster|020 8888 5518| |||||| |||||| |**26**|St Mellitus|Tollington Park, London, N4 3AG|Arch. of Westminster|020 7272 3415| |||||| |||||| |**27**|St Michael|Crown Rise, Watford, Herts, WD25 0NE|Arch. of Westminster|01923 673 239| |||||| |||||| |**28**|St.
John
Fisher/St.
Thomas Moore, & St.
Theresa|28 Rossington Ave, Borehamwood, WD6
4LA|Arch. of Westminster|020 8953 0715| |||||| |||||| ||


|28 Dailly Road, Maybole, KA19 7AU|Diocese of Galloway|01655 882 145| |**29**|Our
Lady
and
St
Cthbt'|||| ||uers|||| |||||| |||||| |**30**|St Sophia|9 Bentinck Street, Galston, KA4 8HT|Diocese of Galloway|01563 820 928| |||||| |||||| |**31**|St Teresa's|Glasgow Street, Dumfries, DG2 9DE|Diocese of Galloway|01387 252 603| |||||| |||||| |**32**|St. Anthony's|62 Langlands Road, Glasgow, G51 3BD|Diocese of Glasgow|0141 445 1416| |||||| |||||| |**33**|St. Patrick's|71 Shieldmuir St, Wishaw, ML2 7TH|Diocese of Motherwell|01698 263 945| |||||| |||||| |**34**|St Aidan's|Station
Road,
Ashington,
Northumberland, NE63 8AD|Diocese of Newcastle
and Hexham|01670 812 200| |||||| |||||| |**35**|Parish of the Holy Spirit|North Road, Clayton, Manchester, M11
4WQ|Diocese of Salford|0161 223 0861| |||||| |||||| |**36**|St Thomas Presbytery|327 Great Cheetham Street East,
Higher Broughton, Salford, M7 4EU|Diocese of Salford|07947 795 195| |||||| |||||| |||Plas Newton Lane, Chester, CH2 1SA|Diocese of Shrewsbury|01244 371 660| |**37**|St Columba and St
Th'|||| ||eresas|||| |||||| 10 Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province **Trustees’ report** Year to 31 December 2024 ## Activities, achievements and performance _(continued)_ ## Communities, parishes, projects and chaplaincies _(continued)_ Chaplaincy is the provision of religious and pastoral services to people within local communities who may have specific needs due to their state of life, who face unique challenges, or who are vulnerable and therefore require special accommodations to be made. Most commonly, chaplaincies are connected with secular institutions, such as hospitals, prisons, and schools. In the course of the year, the Province has supported 14 Hospitals, 13 Schools, 9 Prisons, 5 Ethnic Groups, and 2 Special Migrant ministries. ## **Hospitals Ministered During the Year** ||||| |---|---|---|---| ||**Name of Hospital**|**Address**|**Type of Service**| ||||| ||||| |**1**|The Catholic Chaplaincy, Aintree University
Teaching Hospital|Lower Lane, Fazakerley, L9
7AL, Liverpool|Full time| ||||| ||||| |**2.1**|Salford Royal Hospital (1)|Salford|Full time| ||||| ||||| |**2.2**|Salford Royal Hospital (2)|Salford|Part time| ||||| ||||| |**3**|Midlands Metropolitan University Hospital (1)|Birmingham|Part time| ||||| ||||| |**4**|Burton On Trent Hospital/Queen’s Hospital|Burton On Trent|Part time| ||||| ||||| |**5**|Croydon University Hospital|Croydon, London|Part time| ||||| ||||| |**6**|Medway Maritime Hospital|Gillingham, Kent|Part time| ||||| ||||| |**7**|Queen Elizabeth Hospital, Woolwich|Woolwich, London|Part time| ||||| ||||| |**8**|Lewisham Hospital London|London|Part time| ||||| ||||| |**9**|St. Christopher Hospice|Sydenham|Part time| ||||| ||||| |**10**|Whittington Hospital NHS Trust|Magdala Avenue, N19 5NF,
London|Full time| ||||| ||||| |**11**|Midlands Metropolitan University Hospital (2)|Birmingham|Part time| ||||| ||||| |**12**|Royal Stoke Hospital|Newcastle
Rd,
Stoke-on-
Trent, ST4 6QG|Part time| ||||| ||||| |**13**|University Hospital Wishaw|50 Netherton St, Wishaw,
ML2 0DP|Part time| ||||| ||||| |**14**|Queen Elizabeth University Hospital|1345 Govan Rd, Glasgow,
G51 4TF|Part time| ||||| 11 Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province **Trustees’ report** Year to 31 December 2024 ## Activities, achievements and performance _(continued)_ Communities, parishes, projects and chaplaincies _(continued)_ ## **Schools Ministered During the Year** |||| |---|---|---| ||**Name of School**|**School Type**| |||| |||| |1|St. Ignatius College, Enfield, London|College| |||| |||| |2|Christ the King Sixth Form College, Sidcup, London|College| |||| |||| |3|St. Aloysius College High School, London|College/High School| |||| |||| |4|St. John Henry Newman’s Catholic College, Oldham|College/High School| |||| |||| |5|St. Michael Catholic High School, Watford|High School| |||| |||| |6|St. Aidan’s High School, Wishaw, Scotland|High School| |||| |||| |7|St. Michael’s Catholic Grammar School, Finchley, London|High School| |||| |||| |8|St. Peter’s RC High School, Manchester|High School| |||| |||| |9|Our Lady’s RC High School, Manchester|High School| |||| |||| |10|Nicholas Breakspear Catholic School, St. Albans|High School/Sixth Form| |||| |||| |11|St. Gregory’s Catholic Science College, London|Science College| |||| |||| |12|St. John Vianney RC School, Stretford, Manchester|Special Ed. School| |||| |||| |13|Greenwich University, London|University| |||| ## **Prisons Ministered During the Year** ||**Name of Prison**|**Address**|**Type of Service**| |---|---|---|---| |**1**|HMP Buckley Hall|Rochdale, Manchester|Full time| |**2**|HMP Cookham Wood|Sir Evelyn Road, Rochester, Chatham|Full time| |**3**|HMP Forest Bank|Salford|Full time| |**4**|HMP Liverpool|68 Hornby Rd, Bootle, Liverpool|Full time| |**5**|HMP Risley|617 Warrington Road, Cheshire|Full Time| |**6**|HMP Dumfries|Terregles Street, Dumfries|Part time| |**7**|HMP Kilmarnock|Mauchline Rd, Kilmarnock, Scotland|Part time| |**8**|HMP Thorn Cross/Onley/Rye Hill|-|Part time| |**9**|HMP Wandsworth|London|Part time| 12 Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province **Trustees’ report** Year to 31 December 2024 ## Activities, achievements and performance _(continued)_ ## Communities, parishes, projects and chaplaincies _(continued)_ **Ethnic Groups Ministered During the Year** ||||| |---|---|---|---| ||**Name of Organization**|**Location**|**Type of Service**| ||||| ||||| |**1**|Ghanaian Chaplaincy|Birmingham|Part time| ||||| ||||| |**2**|Portuguese Chaplaincy|Salford|Part time| ||||| ||||| |**3**|Nigerian Chaplaincy (1)|Salford|Part time| ||||| ||||| |**4**|Nigerian Chaplaincy (2)|Birmingham|Part time| ||||| ||||| |**5**|West Indians Chaplaincy|Birmingham|Part time| ||||| **Other Special Ministries During the Year** |||| |---|---|---| ||**Ministry**|**Type of Service**| |||| |||| |**1**|**Airport Chaplaincy:**
Chapel of St George
Heathrow Airport, Central
Terminal Area,
Hounslow TW6 1BP|Full time| |||| |||| |**2**|**Immigration Removal**
**Center**.**(IRC)**Colnbrook
By-Pass, Harmondsworth,
West Drayton UB7 0HB|Part time| |||| |||| |**3**|**Royal Airforce - RAF**
England|Full time| |||| ## Community Life and Provision of Care for the sick and the Elderly members of the Order As well as the parish-based communities, the Province has 5 properties that are privately owned and managed and house the members of our Congregation working in Spiritan Projects and Administration, and our retired members. They are: |||| |---|---|---| ||**Community**|**Use**| |||| |||| |**1**|Bickley|Investment Property| |||| |||| |**2**|Carfin|Retirement| |||| |||| |**3**|Chester|Retirement| |||| |||| |**4**|Libermann House|Just Youth Project| |||| |||| |**5**|Leicester Road|Provincialate| |||| 13 Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province **Trustees’ report** Year to 31 December 2024 ## Activities, achievements and performance _(continued)_ ## Spiritan projects The Charity continues to support her projects, which were designed to help the less privileged in society. It has two major projects: Just Youth and Revive CIO. ## **Just Youth Project** Just Youth is a youth ministry project established by the Spiritans in 1998 under a separate charity (Charity Registration No. 1072491) in Salford, Greater Manchester. It provides creative formal and informal educational activities for young people, to help develop their spiritual, moral, social, emotional, and intellectual potential that they may grow to full maturity as human persons and valued members of the society. Over the years Just Youth has worked with Schools, conducted outreaches, retreats, Catechetical classes and other formation programs for the young ones. Its income was not very encouraging. This unpleasant experience has led to diversification of Just Youth’s work with young people. During 2024, the Province provided **two** Spiritan priests, **one** seminarians, and **four** volunteers to work with Just Youth. The Spiritans also provided the services of the Spiritan Provincial Administration members who constitute the Board of Trustees for Just Youth. In furthers support, the Province also secured a grant for the renovation of the Just Youth Center Hall. Yet, the Provincial Administrative Office continues to provide services in terms of administration and advice to Just Youth. It is the decision of the Trustees to continue More information can be obtained from the Just Youth website www.justyouth.co.uk as well as a detailed report filed with the Charity Commission. ## **Revive CIO** The Revive project was established in 2002 as a social justice project of the Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province (The Spiritans) registered in England and Wales (Charity Registration Number 227350). Due to the rapid expansion of this project, the Trustees decided to register it as a separate Charity. Hence, on 16th April 2019, a new charity namely Revive CIO (No.1183006) was formed. With effect from midnight on 30 June 2019, in accordance with a legal transfer of undertakings and a resolution of the trustees, the activities of the Revive project of The Spiritans were transferred to Revive CIO. The aim of Revive CIO is to accompany and support refugees and people seeking asylum, inspired by the Christian values of compassion, service, equality, respect for human dignity and Justice and Peace advocacy. Revive works by providing free practical support, services and advocacy regardless of race, religion, gender, sexuality, disability, age or beliefs. The charity aims to promote access to rights, safety, stability and independence. More information can be obtained from the Just Youth website www.revive-uk.org as well as a detailed report filed with the Charity Commission. 14 Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province **Trustees’ report** Year to 31 December 2024 ## Activities, achievements and performance (continued) ## Lay Associates Many people from all walks of life, in contact with Spiritans in many parts of the world, feel inspired and called to share in the charism and mission of the Spiritans. Many have gone further to make a formal commitment to live a Spiritan way of life within the context of their everyday lives and working environment. They form the Lay Spiritan Associates. Presently, there are seven committed Lay Spiritans in the Province and numerous others within the UK and overseas whom add beauty and diversity to the Spiritan family life. ## Celebrating our volunteers Volunteers remain a gift to the community especially to our organisation and, without them, we would not have accomplished what we did - from helping with drop-in sessions, to teaching English Language and interpreting to helping with administrative work in our parishes, and helping bereaved families to cope with their losses, their selflessness and service to others remains a cornerstone of Spiritan ministry. ## Financial review The accounts for 2024 show the consolidated position of the ‘Spiritan Group’, which includes the Province and its subsidiary charities, Just Youth and Revive CIO. The Group’s net movement in funds amounted to a surplus of £201,046 (2023 – surplus of £124,630) comprising a net income before net investment gains of £155,726 (2023 - £17,826), with the adjusting balance being the net investment gains of £45,320 (2023 - net investment gains of £106,803). There was no gain or loss on investment properties in 2024. ## Income The income of the Group during 2024 amounted to £2,797,543 (2023 - £2,132,811). Our main income was from donations and legacies, which with £745,025 (2023 - £641,231) being the salaries, pensions and ministry income of the Spiritans totalled £1,810,669 (2023 - £1,492,305). In 2024, the Province received a grant of £70,000 for the repairs of the hall in Just Youth. The Province continues to be extremely thankful to its donors and benefactors without whom its work would not be possible. Income from other trading activities totalled £208,620 (2023 - £159,647), and income from listed investments and other interest amounted to £360,425 (2023 - £319,958). Income from youth education (Just Youth) was £40,845 (2023 - £47,083) in the year and income from enrichment activities (Revive CIO) totalled £311,244 (2023 - £113,818). All income received during 2024 was used to support the missionary activities of the Province both at home and overseas. 15 Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province **Trustees’ report** Year to 31 December 2024 ## Financial review (continued) ## Expenditure The expenditure of the Province continues to be monitored. The principal areas of expenditure are the support of the Provinces and the wider Congregation’s missionary objectives, both at home in Britain and overseas, together with the continued expense of funding the operation of the retirement provision in Chester and Carfin, and the employment costs of staff that help facilitate the Province’s missionary work. During 2024, Group expenditure was £2,581,817 (2023 - £2,114,985) of which £1,946,277 (2023 - £1,533,627) relates to charitable missionary objectives in the UK and £227,517 (2023 - £203,547) relates to donations and the support of overseas missions. £94,511 (2023 - £78,280) relates to the costs of the Spiritan Youth ministry, including the costs of the subsidiary charity, Just Youth. This sum principally reflects the salaries of its staff and the operational costs of the Spiritan Centre. Expenditure on the Group’s enrichment activities of Revive totalled £249,923 (2023 - £236,326). The balance of the expenditure relates to the cost of raising funds including investment management costs. Each year budgets are established and closely monitored to ensure prudent management of the Province’s resources. This, as well as the strategic plan, helps to ensure the ongoing viability of the Province. Main areas of expenditure are constantly being reviewed and examined in order to ensure a continuing and viable missionary Province in the future. ## Financial position The consolidated balance sheet shows total funds of £13,873,623 (2023 - £13,672,577) of which £2,633,537 (2023 - £2,518,062) represents properties and other tangible fixed assets, which are essential in supporting the work of the Province. Other funds that need mention are as follows: - £390,261 (2023 - £385,002) relates to a designated fund for the use with the homeless and those with addictions. - £7,910,000 (2023 - £7,910,000) is designated as a retirement fund to ensure that the needs of the retired members of the Province can be supported. - £577,500 (2023 - £495,000) is designated as an overseas retirement fund to ensure that the needs of the retired members overseas can be supported. - £30,000 (2023 - £30,000) relates to a designated fund to look after the priests’ health. - £187,018 (2023 - £174,770) relates to restricted funds. 16 Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province **Trustees’ report** Year to 31 December 2024 ## Financial review (continued) ## Reserves policy The trustees have a policy of ensuring that they hold in reserve funds equivalent to the running costs of the charity for one year. At 31 December 2024, the level of the general fund or free reserves was £2,145,307 (2023 - £2,159,742). The level of free reserves is currently less than the target and the trustees continue to keep the level of reserves under review. The trustees believe that, together with the designated funds, they have sufficient free reserves to meet the needs of the charity in the immediate future and they continue to monitor the level of reserves closely. Given the more recent geopolitical events and the growth profile of the Congregation, this level of reserves, being slightly higher than that required by the reserves policy, is deemed appropriate and the trustees are content that the charity is a going concern. ## Investment policy The trustees have the power to invest in such assets as they see fit. However, to ensure all financial investments adhere to Catholic Social Teaching the charity has an established ‘Ethical Investment Policy’. The services of investment management companies, are employed to implement this policy and to ensure the maximum return is achieved on our investments. Our investments are reviewed on a regular basis. ## Plans for the future In light of the current economic scenario and geopolitical events, the trustees will continue to monitor the income and expenditure and make decisions accordingly. The Province held a Chapter in August 2024, and elected a new board of trustees, and this is reflected on the first page of this report. ## Structure, governance and management ## Employees, volunteers and members of the congregation The Province is very fortunate in continuing to have many dedicated people to help in its missionary activities. This voluntary help enables the members of the charity to devote their time to working with deprived groups, those on the margins and those in need. There is no remuneration for this work. Alongside their other priestly duties, the trustees give a great deal of their time to the administrative work of the Province. There are also members appointed to take charge of communities and the care of the elderly members of the Province. These duties are carried out without financial remuneration and, once again, their contribution is greatly appreciated. 17 Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province **Trustees’ report** Year to 31 December 2024 ## Structure, governance and management (continued) ## 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 and in Scotland requires the trustees to prepare accounts for each financial year, which give a true and fair view of the state of affairs of the group and the charity and of the income and expenditure of the group and charity for that period. In preparing these accounts, the trustees are required to: - select suitable accounting policies and apply them consistently; - observe the methods and principles in 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); - make judgements and estimates that are reasonable and prudent; - state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the accounts; and - prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity, and enable them to ensure that the accounts comply with the Charities Act 2011, applicable Charity (Accounts and Reports) Regulations, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations for 2006 and the provisions of the charity's 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. ## Appointment of trustees All trustees are appointed by those members of The Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province (the “Province”) who are in permanent vows. The Chairperson of the trustees is the elected Provincial Superior of the Province. The other trustees are the first assistant and appointed councillors on the Provincial Council. The trustees are elected and appointed every four years at an elective Provincial Assembly or Chapter of the Province and are confirmed in office by the Generalate of The Congregation of the Holy Spirit and the Immaculate Heart of Mary in Rome. As all trustees are members of the Congregation, they have detailed knowledge of the works of the charity, its structure and its aims and objectives. 18 Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province **Trustees’ report** Year to 31 December 2024 ## Structure, governance and management (continued) ## Appointment of trustees (continued) On 1 March 2013 the trustee body of the Congregation, under an order from the Charity Commission of England and Wales and ratified by the Office of the Scottish Charity Regulator, became an incorporated body to be known as The Incorporated Trustees of The Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province. Training of the Provincial Council in their role as trustees is facilitated by the Provincial Bursar (Chief Financial Officer). Training is provided using materials provided by the Charity Commission of England and Wales or the Office of the Scottish Charity Regulator, major conferences, the Association of Provincial Bursars, the Conference of Religious and also relevant literature and seminars provided by firms of solicitors and accountants specialising in charity practice and procedures. The names of the trustees who served during the year and up to the date on which this report was approved are set out on page 1 of this report. ## Organisational structure The Provincial Council (board of trustees) is bound to a common vision contained in the Spiritan Rule of Life promulgated by the international body of the Congregation of the Holy Spirit from its headquarters in Rome. This is applied to local circumstances by a gathering (Chapter) of the general body of the British Province members. However, the Province is an independent legal entity under British law, responsible for its own financial concerns. The Provincial Council is responsible for the overall governance and management of the Province. The main administration office of the Province during 2024 was in Chester. For the day-to-day management of the Province, the trustees have appointed Community Leaders and Project Directors to oversee each of its communities and missionary projects. These Community Leaders and Project Directors meet regularly with the trustees to ensure that the charity's governance and objectives are complied with. Each community and project has its own advisory committee that meets on a regular basis. These committees submit regular reports to the Provincial Council/trustees. During 2024 the trustees met regularly (physically for their mandatory quarterly meetings and through online platforms to deal matters in between). The Provincial Bursar, assisted by the Provincial Finance Team, administers the affairs of the central administration and oversees the community bursars and the project administrators who are responsible for the day-to-day management of the Province. The Provincial Bursar and the Provincial Council are also supported by advice from their professional advisors. 19 Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province **Trustees’** report Year to 31 December 2024 ## Structure, governance and management (continued) ## Organisational structure (continued) Each community and missionary project operates its own bank account in a centralised accounting structure with the Province's bankers. All bank accounts are monitored by the Provincial Bursar’s office. ## Key management personnel The trustees consider that they comprise the key management of the group and charity in charge of directing and controlling, running and operating the group and charity on a dayto-day basis. All trustees are members of the Congregation 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 or their role as key management personnel. The key management personnel of the subsidiary charities, Just Youth and Revive CIO, comprise their respective trustees. None of the trustees of Just Youth or Revive CIO received any remuneration during the year. ## Risk management The advisory committees of each project and community bursars are responsible for overseeing risk assessments. All significant activities undertaken by the Province are subject to a risk review. The major risks are ranked in terms of their potential impact and probability. The advisory committees and community bursars then report all major risks to the Provincial Bursar's office and Provincial Council who ensure that adequate systems are in place to manage the risks. This work has identified a number of key risks for the charity which are described below together with the principal ways in which they are mitigated: - The trustees are aware that there is both a moral and legal obligation to care for the older members. None of the Spiritans 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. As the age profile increases, so too does the need to provide care for the brethren. Key elements of the management of this risk are: (a) ensuring that the charity has the available financial resources to finance this care both now and in the years ahead by setting aside assets in a designated fund, the value of which has been based on actuarial principles; and (b) ensuring that processes are in place to review regularly the ministries and needs of individual Spiritans encouraging those who need it to take on less demanding ministries and for identifying those who need extra care and help. 20 Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province **Trustees’** report Year to 31 December 2024 ## Structure, governance and management (continued) Risk management (continued) - The charity works with children and vulnerable adults including older people. The Spiritans, as a religious missionary Congregation and a member of the Conference of Religious (CoR), adheres to the national Safeguarding Policy of the Catholic Church as agreed by the Bishop's Conference of England and Wales and the Conference of Religious. Complying with the policy means: - Ensuring that all activities are conducted safely by applying the principles of "Creating a Safe Environment" as per the national policy. - Ensuring that all personnel involved (including religious and laity) are recruited under Safer Recruitment Guidelines and obtain a Disclosure and Barring Service (DBS) Disclosure for working with vulnerable groups. The Spiritans Safeguarding Policy and Procedures are based on the principles and guidelines set out in the National Safeguarding Policy: _Respect for the innate dignity of every person is a fundamental principle. Integral to this is the recognition of the right of all children, which must be respected, protected, cared for and nurtured - a right rooted in the Gospel and Christian tradition as well as in international, domestic and canon law._ The Spiritans always liaise closely with statutory agencies to ensure that if a disclosure is made, the correct procedure is followed. The Province has a Spiritan who is responsible for compliance with this policy. - The charity donates significant sums in support of the wider Congregation and other organisations. The vast majority of donations sent overseas are to fund projects administered directly by members of the international Congregation. Whether or not the funds are used here in Great Britain or overseas, the trustees always ensure that they are fully briefed about and familiar with the work of a potential recipient of funds, that funds are transferred via bank transfer, that proof of receipt is obtained and that, wherever possible (and always in the case of monies sent overseas), a full written report of how the monies have been utilised and applied is obtained from the recipient. - One of the charity's principal assets comprises listed investments, the value of which is dependent on movements in United Kingdom and world stock markets. The investments are managed by reputable investment managers who adhere to a policy agreed by the trustees. The trustees meet with the investment managers and the manager's performance and that of the portfolio are monitored. The investment strategy is assessed regularly to ensure it remains appropriate to the charity's needs - both now and in the future. 21 Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province **Trustees’** report Year to 31 December 2024 ## Structure, governance and management (continued) ## Fundraising policy The charity aims to achieve best practice in the way in which it communicates with donors and other supporters. It takes care with both the tone of its communications and the accuracy of its data to minimise the pressures on supporters. It applies best practice to protect supporters’ data and never sells data, it never swaps data and ensures that communication preferences can be changed at any time. The charity manages its own fundraising activities and does not employ the services of Professional Fundraisers. The charity undertakes to react to and investigate any complaints regarding its fundraising activities and to learn from them and improve its service. During 2024, the charity received no complaints about its fundraising activities. Signed on behalf of the trustees Trustee: _Ugochukwu Ikwuka_ Approved on: _27 October 2025_ 22 Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province **Independent auditor’s report** 31 December 2024 **Independent auditor’s report to the trustees of The Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province** ## Opinion We have audited the accounts of The Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province (the ‘parent charity’) and of The Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province and its subsidiaries (the ‘group’) for the year ended 31 December 2024 which comprise the consolidated and parent charity statement of financial activities, the group and parent balance sheets, the consolidated statement of cash flows, the principal accounting policies and the 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: - give a true and fair view of the state of the group’s and of the parent charity’s affairs as at 31 December 2024 and of their income and expenditure for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance with the requirements of the Charities Act 2011, the Charities and Trustee Investment (Scotland) Act 2005 and regulation 8 of the Charities Accounts (Scotland) Regulations 2006. ## 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 group 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. 23 Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province **Independent auditor’s report** 31 December 2024 ## Other information The other information comprises the information included in the annual report, including the trustees’ report, other than the accounts and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the accounts does not cover the other information and we do not express any form of assurance conclusion thereon. 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 course of 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 this gives rise to a material misstatement in the accounts themselves. 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 In the light of the knowledge and understanding of the group and parent charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ report. We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 and the Charities Accounts (Scotland) Regulations 2006 requires us to report to you if, in our opinion: - the information given in the trustees’ report is inconsistent in any material respect with the accounts; or - sufficient and proper accounting records have not been kept by the parent charity; or - the parent charity accounts are not in agreement with the accounting records; or - we have not received all the information and explanations we require for our audit. ## Responsibilities of trustees As explained more fully in the statement of trustees’ responsibilities contained within the trustees’ report, 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 group’s and the parent 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 group or the parent charity or to cease operations, or have no realistic alternative but to do so. 24 Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province **Independent auditor’s report** 31 December 2024 Auditor’s responsibilities for the audit of the accounts We have been appointed as auditor under section 151 of the Charities Act 2011 and section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and report in accordance with the Act and relevant regulations made or having effect thereunder. 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: _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: - The engagement director ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations; - We identified the laws and regulations applicable to the charity through discussions with representatives from the trustees and from our knowledge and experience of the charity sector; - We focused on specific laws and regulations which we considered may have a direct material effect on the accounts or the activities of the charity. These included but were not limited to 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 to the United Kingdom and Republic of Ireland (FRS 102); and - We assessed the extent of compliance with the laws and regulations identified above through making enquiries of representatives from the trustees and review of minutes of trustees’ meetings. We assessed the susceptibility of the charity’s accounts to material misstatement, including obtaining an understanding of how fraud might occur, by: - Making enquiries of representatives from the trustees as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and - Considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. 25 Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province **Independent auditor’s report** 31 December 2024 ## Auditor’s responsibilities for the audit of the accounts (continued) _How the audit was considered capable of detecting irregularities including fraud (continued)_ To address the risk of fraud through management bias and override of controls, we: - Performed analytical procedures to identify any unusual or unexpected relationships; - Reviewed journal entries to identify unusual transactions; - Carried out substantive testing of expenditure; - Assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and - Investigated the rationale behind significant or unusual transactions, if any. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to: - Agreeing accounts disclosures to underlying supporting documentation; - Reading the minutes of meetings of trustees; and - Enquiring of as to actual and potential litigation and claims. 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. 26 Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province **Independent auditor’s report** 31 December 2024 ## Use of our report This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008 and Regulation 10 of the Charities Accounts (Scotland) Regulations 2006. 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 Audit LLP Statutory Auditor 130 Wood Street London EC2V 6DL Date: 29 October 2025 Buzzacott Audit LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006 27 Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province ## **Consolidated statement of financial activities** Year to 31 December 2024 |Notes|**Un**
**restricted**
**funds**
**£**|**Restricted**
**funds**
**£**|**Total**
**funds**
**2024**
**£**|Un
restricted
funds
£|Restricted
funds
£|Total
funds
2023
£| |---|---|---|---|---|---|---| |**Income from:**
Donations and legacies
1
Other trading activities
2
Investments and interest receivable
3
Charitable activities
. Enrichment activities
. Youth education
4
Other sources
. Surplus on the Sale of Fixed Assets
**Total income**
**Expenditure on:**
Raising funds
5
Charitable activities
. Enrichment projects
6
. Youth activities
7
. Support of members of the
Congregation and their ministry
8
. Donations and support of
overseas missions
9
Foreign exchange losses
**Total expenditure**
**Net income (expenditure) for the year**
**before investment gains**
11
**Net gains on investments**
. Listed investments
15a
. Insurance bonds
15b
**Net income (expenditure)**
**Transfers between funds**
18
**Net movement in funds**
**Reconciliation of funds:**
Fund balances brought forward
at 1 January 2024
Fund balances carried forward
at 31 December 2024|**1,644,029**
**208,620**
**360,425**
**—**
**40,845**
**5,740**|
**166,640**

**—**

**—**

**311,244**

**—**

**—**|**1,810,669**
**208,620**
**360,425**
**311,244**
**40,845**
**5,740**|1,439,521
159,647
319,958
—
47,083
**—**|52,784
—
—

113,818
—
**—**|
1,492,305

159,647

319,958

113,818

47,083
**—**| ||**2,259,659**|
**477,884**|**2,737,543**|1,966,209|166,602|
2,132,811| ||**58,858**
**54,908**
**85,511**
**1,946,277**
**134,219**
**4,731**|
**—**

**195,015**

**9,000**

**—**

**93,298**

**—**|**58,858**
**249,923**
**94,511**
**1,946,277**
**227,517**
**4,731**|62,445
24,500
70,133
1,533,627
152,791
760|—

211,826
8,147
—
50,756
—|
62,445

236,326

78,280

1,533,627

203,547
760| ||**2,284,504**|**297,313**|**2,581,817**|1,844,256|270,729|
2,114,985| ||**(24,845)**|
**180,571**|**155,726**|121,953|
(104,127)|17,826| ||**39,454**
**5,866**|
—

—|**39,454**

**5,866**|101,621
5,182|—
—|
101,621

5,182| ||**45,320**|
—|**45,320**|106,803|—|
106,803| ||**20,475**
**168,323**|
**180,571**

**(168,323)**|**201,046**
—|228,756
—|
(104,127)
—|
124,629
—| ||**188,798**
**13,497,807**|**12,248**

**174,770**|**201,046**
**13,672,577**|228,756
13,269,051|
(104,127)
278,897|
124,629
13,547,948| ||**13,686,605**|
**187,018**|**13,873,623**|13,497,807|174,770|13,672,577| All of the group’s activities derived from continuing operations during the above two financial years. The group has no recognised gains and losses other than those shown in the statement of financial activities above and, therefore, no separate statement of total recognised gains and losses has been presented. 28 Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province ## **Charity statement of financial activities** Year to 31 December 2024 |Notes||**Un**
**restricted**
**funds**
**£**
**1,633,345**
**172,722**
**358,936**
**60,000**
**5,740**
**2,230,743**
**54,738**
**60,000**
**1,946,277**
**172,234**
**4,731**|**Restricted**
**funds**
**£**
**152,090**
—
—
—
**—**
**152,090**

**—**

**—**

**—**

**93,298**

**—**|**Total**
**funds**
**2024**
**£**
**1,785,435**
**172,722**
**358,936**
**60,000**
**5,740**
**2,382,833**
**54,738**
**60,000**
**1,946,277**
**265,532**
**4,731**|Un
restricted
funds
£
1,433,777
133,100
319,613
60,000
**—**
1,946,490
58,545
60,000
1,533,627
189,761
760|Restricted
funds
£
38,909
—
—
—
**—**
38,909
—
—
—
50,756
—|Total
funds
2023
£| |---|---|---|---|---|---|---|---| ||||||||1,472,686
133,100
319,613
60,000
**—**| ||||||||1,985,399| ||||||||
58,545

60,000

1,533,627

240,517
760| |||**2,237,980**|**93,298**|**2,331,278**|1,842,693|50,756|
1,893,449| |||**(7,237)**|
**58,792**|**51,555**|103,797|
(11,847)|91,950| |||**39,454**
**5,866**|
—

—|**39,454**
**5,866**|101,621
5,182|—
—|
101,621
5,182| |||**45,320**|
**—**|**45,320**|106,803|—|
106,803| |||**38,083**
**48,498**|
**58,792**

**(48,498)**|**96,875**
—|210,600
—|
(11,847)
—|
198,753
—| |||**86,581**
**13,385,553**|
**10,294**

**32,081**|**96,875**
**13,417,634**|210,600
13,174,953|
(11,847)
43,928|
198,753
13,218,881| |||**13,472,134**|
**42,375**|**13,514,509**|13,385,553|32,081|13,417,634| All of the charity’s activities derived from continuing operations during the above two financial years. The charity has no recognised gains and losses other than those shown in the statement of financial activities above and, therefore, no separate statement of total recognised gains and losses has been presented. 29 Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province ## **Balance sheets** Year to 31 December 2024 |Notes|Group|Group|Charity|Charity| |---|---|---|---|---| ||**2024**
**£**|2023
£|**2024**
**£**|2023
£| |**Fixed assets**
Tangible assets
14
Investments
15

**Current assets**
Debtors
16
Cash at bank and in hand
**Creditors**: amounts falling due
within one year
17
**Net current assets**
**Total net assets**

**Represented by:**
Restricted funds
18
Unrestricted funds
. Designated funds
19
. Tangible fixed assets fund
20
. General funds

|
**2,633,537**
**10,117,002**|
2,518,063

10,021,627|
**2,628,049**
**10,117,002**|2,510,066
10,021,627| ||**12,750,539**|
12,539,690|**12,745,051**|12,531,693| ||
**180,613**
**1,096,215**|
148,418

1,110,128|
**172,993**

**737,190**|146,136
851,294| ||**1,276,828**
**(153,744)**|
1,258,546
(125,659)|
**910,183**
**(140,725)**|997,430
(111,489)| ||**1,123,084**|
1,132,887|
**769,458**|885,941| ||**13,873,623**|
13,672,577|**13,514,509**|13,417,634| ||
**187,018**

**8,907,761**

**2,633,537**
**2,145,307**|
174,770

8,820,002

2,518,063

2,159,742|
**42,375**

**8,907,761**

**2,628,049**

**1,936,324**|32,081
8,820,002
2,510,066
2,055,485| ||**13,686,605**
**13,873,623**|
13,497,807

13,672,577|**13,472,134**
**13,514,509**|13,385,553
13,417,634| The accounts were approved by the trustees and signed on their behalf by: **Tr** ustee: _Ugochukwu Ikwuka_ Approved on: _27 October 2025_ 30 Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province ## **Consolidated statement of cash flows** Year to 31 December 2024 |Notes|**2024**
**£**
**(134,164)**
**360,425**
**17,127**
**(207,246)**
**351,178**
**(385,591)**
**135,893**
**1,729**
**1,157,212**
**1,158,941**|2023
£
(213,128)
319,958
4,000
(83,005)
600,865
(649,295)
192,523
(20,605)
1,177,817
1,157,212| |---|---|---| |**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 listed investments
Purchase of listed investments
**Net cash provided by investing activities**
**Change in cash and cash equivalents in the year**
**Cash and cash equivalents at 1 January 2024**
B
**Cash and cash equivalents at 31 December 2024**
B||| **Notes to the statement of cash flows for the year to 31 December 2024** ## **A Reconciliation of net income to net cash flows from operating activities** ||**2024**
**£**|2023
£| |---|---|---| |**Net income (as per the statement of financial activities)**
**Adjustments for:**
Depreciation charge
Gains on investments
Investment income and interest receivable
Surplus on disposal of tangible fixed assets
Increase in debtors
Increase in creditors
**Net cash used in operating activities**|**201,046**
**80,385**
**(45,320)**
**(360,425)**
**(5,740)**
**(32,195)**
**28,085**|124,629
53,616
(106,803)
(319,958)
—
(11,485)

46,872| ||**(134,164)**|(213,129)| ## **B Analysis of cash and cash equivalents** |||**2024**
**£**
**1,096,215**
**62,726**
**1,158,941**|2023
£
1,110,129
47,084
1,157,212| |---|---|---|---| |Cash at bank and in hand
Cash held by investment managers
**Total cash and cash equivalents**|||| |**Analysis of changes in net debt**|At 1 January
2024
£|
Cash flows
£
**1,729**|**At 31**
**December 2024**
**£**
**1,158,941**| |**Cash at bank and in hand**|1,157,212||| ## **C Analysis of changes in net debt** No separate reconciliation of net debt has been prepared as the group held no external debt finance at either the start or the end of the financial year, and therefore there is no difference between the net cash (debt) of the charity and the above cash and cash equivalents. 31 Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province ## **Principal accounting policies** 31 December 2024 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 2024. Comparative information is provided in respect to the year to 31 December 2023. 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) 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 and management to make significant judgements and estimates. The items in the accounts where these judgements and estimates have been made include: - assessing the probability of the receipt of legacy income; - estimating the useful economic life of tangible fixed assets for the purposes of calculating the depreciation charge; - estimating the open market value of investment properties; and - determining the value of designated funds needed at the year-end, in particular in respect to the assumptions made in determining the value of the retirement fund. ## **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 at least one year from the date of approval of these accounts. The trustees are of the opinion that the charity and group will have sufficient resources to meet their liabilities as they fall due. The most significant areas of judgement that affect items in the accounts are detailed above. With regard to the next accounting period, the year ending 31 December 2025, the most significant areas that affect the carrying value of the assets held by the charity are the level of investment return and the performance of the investment markets (see the investment policy and the risk management sections of the trustees’ report for more information). The trustees of the charity have concluded that there are no material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity and group to continue as a going concern. 32 Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province **Principal accounting policies** 31 December 2024 ## **Basis of consolidation** The consolidated statement of financial activities and group balance sheet consolidate the accounts of The Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province and its subsidiary charities, Just Youth and Revive CIO, made up at the balance sheet date. ## **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 is deferred only when the group or charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future accounting period. Income comprises donations and legacies, income from trading activities, investment income and interest receivable, income from charitable activities and other income including foreign exchange gains, and the surplus on 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. Income from other trading activities comprises income from fundraising activities and the lottery organized by Just Youth. Income from the lottery is included in the accounts when the lottery is drawn with income being deferred until such time as the draw takes place. Income from other fundraising events and appeals is included in the accounts when the income is received or when it is probable that income will be received and when it can be measured reliably. 33 Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province **Principal accounting policies** 31 December 2024 ## **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. Income from investment properties comprises rent receivable and it is recognised in the statement of financial activities when due under tenancy or lease agreements. Income from charitable activities included fees and related income in respect to the provision of charitable work are measured at the fair value of the consideration received or receivable, excluding discounts or rebates. The surplus on the disposal of tangible fixed assets is calculated as the difference between the sale proceeds net of sale costs and the net book value of the asset immediately prior to disposal. It is accounted for once legal completion of the disposal has taken place. ## **Expenditure recognition** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the group or 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: Expenditure comprises the following: - a) Expenditure on raising funds includes salaries, direct costs and overheads incurred in order to generate donated income and holding fundraising events. The fees paid to investment managers in connection with the management of the group's and charity's investments are included here also. - b) Expenditure on charitable activities comprises the following: Expenditure incurred in the provision of Enrichment Projects including costs of providing travel, courses and support to youths at the Revive Centre in Salford. Expenditure on youth projects and the work of the charitable subsidiary Just Youth. Expenditure on the support of members of the Congregation and their ministry which allows members to carry out the work of the charity in providing spiritual welfare to Roman Catholics through saying masses, administering sacraments and other spiritual support and guidance as well as the relief of poverty and addiction. The provision of donations and financial support to the Congregation’s overseas missions. All expenditure is stated inclusive of irrecoverable VAT. 34 Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province **Principal accounting policies** 31 December 2024 ## **Allocation of support and governance costs** Support costs represent indirect charitable expenditure. In order to carry out the primary purposes of the charity it is necessary to provide support in the form of personnel development, financial procedures, provision of office services and equipment and a suitable working environment. Governance costs comprise the costs involving the public accountability of the charity (including audit costs) and costs in respect to its compliance with regulation and good practice. Support costs and governance costs are allocated based on an estimate of the time members spend on each activity. ## **Tangible fixed assets and depreciation** All assets costing more than £1,500 and with expected useful life exceeding one year are capitalised. - a) Freehold land and buildings Freehold land and buildings are used wholly or mainly for private residential accommodation are stated at cost, or where cost is not available, at trustees' valuations made in 2001 and 2013. Such buildings are not depreciated. Their value and condition are reviewed annually by the trustees, who are satisfied that their residual value is not materially different from their book value. As permitted by FRS 102, with effect from 1 January 2014 the values assigned to properties held at that date are now deemed their cost. Assets donated to the charity for its own use are included as part of income in the year of the gift. Assets falling within the definition of tangible fixed assets are capitalised on the charity’s balance sheet and depreciated in accordance with the appropriate policy. Other assets are treated as expenditure in the year of the gift. - b) Computers, furniture and equipment Expenditure on the purchase and replacement of computers, furniture and equipment is capitalised and depreciated over a four-year period on a straight-line basis. - c) Motor vehicles Motor vehicles are capitalised and depreciated over a four-year period on a straight-line basis, in order to write off the cost of each vehicle over its estimated useful life. ## **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. As noted above the main form of financial risk faced by the charity is that of volatility in equity markets and investment markets due to wider economic conditions, the attitude of investors to investment risk, and changes in sentiment concerning equities and within particular sectors or sub sectors. 35 Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province ## **Principal accounting policies** 31 December 2024 ## **Investments** (continued) The valuation of investment properties (i.e. those not occupied by Spiritans and rented out to third parties at a commercial rent), is based on current open market valuation. These properties are not depreciated. 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. ## **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. ## **Fund structure** Restricted funds are monies raised for, and their used restricted to, a specific purpose, or donations subject to donor imposed conditions. Designated funds are monies set aside of unrestricted general funds and designated for specific purposes by the trustees. The tangible fixed assets fund comprises the net book value of charity’s tangible fixed assets, the existence of which is fundamental to the charity being able to perform its charitable work and thereby achieve its charitable objectives. The value represented by such assets should not be regarded, therefore, as realisable. General funds represent those monies that are freely available for application towards achieving any charitable purpose that fall within the charity's charitable objects. ## **Services provided by members of the Congregation** For the purpose of these accounts, no value has been placed on the administrative and other services provided by members of the Congregation. 36 Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province ## **Principal accounting policies** 31 December 2024 ## **Leased assets** Rentals applicable to operating leases where substantially all the benefits and risks of the ownership remain with the lessor are charged on a straight line basis over the lease term. ## **Pension costs** Contributions in respect of defined contribution pension schemes are charged to the statement of financial activities when they are payable to the scheme. The group’s and charity’s contributions are restricted to the contributions disclosed in note 12. There were no outstanding contributions at the year end. The charity has no liability beyond making its contributions and paying across the deductions for the employees’ contributions. ## **Foreign currencies** Assets and liabilities in foreign currencies are translated into sterling at the exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling date at the date of transaction. Exchange differences are recognised in the statement of financial activities. 37 Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province **Notes to the accounts** 31 December 2024 ## **1 Income from: donations and legacies** |**Group**|**Unrestricted**
**funds**
**£**|


**Restricted**
**funds**
**£**|**Total**
**funds**
**2024**
**£**|Unrestricted
funds
£|


Restricted
funds
£|Total
funds
2023
£
641,231
784,979
—
66,095
1,492,305
Total
funds
2023
£
641,231
765,360
—
66,095
1,472,686| |---|---|---|---|---|---|---| |Salaries and pensions of individual
religious received under Gift Aid
or Deed of Covenant
Other donations
Grants
Legacies
**Total funds**|**745,025 **
**772,491 **
**— **
**126,513 **|
**—**

**96,640**

**70,000**

**—**|**745,025**
**869,131**
**70,000**
**126,513**|641,231
732,195
—
66,095|
—

52,784

—

—|| ||**1,644,029 **|
**166,640**|**1,810,669**|1,439,521|
52,784|| |**Charity**
|**Unrestricted**
**funds**
**£**|


**Restricted**
**funds**
**£**|**Total**
**funds**
**2024**
**£**|Unrestricted
funds
£|


Restricted
funds
£|| |Salaries and pensions of individual
religious received under Gift Aid or
Deed of Covenant
Other donations
Grants
Legacies
**Total funds**|

**745,025**
**761,807**
**—**
**126,513**|
**—**

**82,090**

**70,000**

**—**|**745,025**
**843,897**
**70,000**
**126,513**|641,231
726,451
—
66,095|
—

38,909

—

—|| ||**1,633,345**|
**152,090**|**1,785,435**|1,433,777|
38,909|| ## **2 Income from: other trading activities** |**Group**|Unrestricted|Unrestricted| |---|---|---| ||**Total**
**2024**
**£**|Total
2023
£| |Fundraising and appeals
Rent

Missionwide subscriptions

Lottery

Raffles and charity shop

Car park income

**Total funds**|**135,718**
**10,060**
**2,713**
**11,900**
**30,229**
**18,000**|88,092
10,853
3,360
12,430
29,912
15,000| ||**208,620**|159,647| |**Charity**|Unrestricted|| ||**Total**
**2024**
**£**|Total
2023
£| |Fundraising and appeals
Rent

Missionwide subscriptions

Lottery

Raffles and charity shop

**Total funds**|**123,169**
**10,060**
**2,713**
**6,551**
**30,229**|84,950
7,853
3,360
7,026
29,911| ||**172,722**|133,100| 38 Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province **Notes to the accounts** 31 December 2024 ## **3 Investment income and interest receivable** ||Unrestricted|Unrestricted|Unrestricted|Unrestricted| |---|---|---|---|---| ||**Group**||**Charity**|| ||**Total**
**2024**
**£**|Total
2023
£|**Total**
**2024**
**£**|Total
2023
£| |Income from listed investments
. UK equities
. UK fixed interest
. UK unit trusts
. Overseas equities
. Overseas fixed interest
. Overseas unit trusts
. Alternative investments
. Property
Interest receivable
. Bank and loan interest
Income from investment properties
**Total**|**17,965**
**2,220**
**740**
**3,955**
**21,150**
**14,624**
**9,550**
**7,178**|15,077
1,983
712
2,663
18,309
7,161
8,287
6,353|**17,965**
**2,220**
**740**
**3,955**
**21,150**
**14,624**
**9,550**
**7,178**|15,077

1,983

712

2,663

18,309

7,161

8,287
6,353| ||**77,382**|60,545|**77,382**|60,545| ||**7,674**|5,626|**6,185**|5,281| ||**275,369**|253,787|**275,369**|253,787| ||**360,425**|319,958|**358,936**|319,613| ## **4 Income from charitable activities: Youth education** |**Group**|**Unrestricted**
**funds**
**£**|


**Restricted**
**funds**
**£**|**Total**
**funds**
**2024**
**£**|Unrestricted
funds
£|


Restricted
funds
£|Total
funds
2023
£| |---|---|---|---|---|---|---| |Service level agreements
. Chaplaincy agreements with
schools
.. Regular
.. Ad-hoc
**Total funds**|**32,850**
**7,995**|—
—|**32,850**
**7,995**|
32,683

14,400|
—

—|32,683
14,400| ||**40,845**|—|**40,845**|
47,083|
—|47,083| ## **5 Expenditure on: Raising funds** |**Expenditure on: Raising funds**||| |---|---|---| |**Group**|Unrestricted|| ||**Total**
**2024**
**£**|Total
2023
£| |Fundraising trading
. Lottery
. Mission appeals
. Raffles and charity shop
Investment management fees
Governance (note 10)
**Total funds**|**7,319**
**4,624**
**6,641**
**19,785**
**20,489**|6,600
15,253
4,498
19,501
16,593| ||**58,858**|62,445| 39 Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province **Notes to the accounts** 31 December 2024 ## **5 Expenditure on: Raising funds** (continued) |**Expenditure on: Raising funds**(continued)||| |---|---|---| |**Charity**|Unrestricted|| ||**Total**
**2024**
**£**|Total
2023
£| |Fundraising trading
. Lottery
. Mission appeals
. Raffles and charity shop
Investment management fees
Governance (note 10)
**Total funds**|**3,219**
**4,624**
**6,641**
**19,785**
**20,489**|2,700
15,253
4,498
19,501
16,593| ||**54,738**|58,545| ## **6 Expenditure on charitable activities: Enrichment projects** |**Group**|**Unrestricted**
**funds**
**£**|


**Restricted**
**funds**
**£**|


**Total**
**funds**
**2024**
**£**|



Unrestricted
funds
£|


Restricted
funds
£|


Total
funds
2023
£| |---|---|---|---|---|---|---| |**Total funds**|**54,908**|
**195,015**|
**249,923**|
24,500|
211,826|
236,326| ## **7** ## |**Group**||**Unrestricted**
**funds**
**£**|


**Restricted**
**funds**
**£**|


**Total**
**funds**
**2024**
**£**|



Unrestricted
funds
£|


Restricted
funds
£|


Total
funds
2023
£| |---|---|---|---|---|---|---|---| |Activity leaders and
coordinators
Residential workers’ food and
expenses
Premises
Materials, resources and
training
Travel and motor
Cost of activities and outings
Promotion of youth activities
Legal and professional fees
**Total funds**||**12,154**
**19,514**
**27,050**
**9,942**
**10,624**
**579**
**—**
**5,648**|
—

**2,189**

—

**5,568**

—

—

**167**

**1,076**|
**12,154**

**21,703**
**27,050**

**15,510**
**10,624**
**579**

**167**

**6,724**|
11,047

17,515

22,727

3,927

8,807

81

—

6,029|
—

1,545

179

6,072

202

—

149

—|
11,047

19,060

22,906

9,999

9,009

81

149

6,029| |||**85,511**|
**9,000**|
**94,511**|
70,133|
8,147|
78,280| ## **8 Expenditure on charitable activities: Support of members of the Congregation and their ministry** |**ministry**||| |---|---|---| |**Group and charity**|Unrestricted|| ||**Total**
**2024**
**£**|Total
2023
£| |Premises
Members’ personal expenses
Education, training and spiritual renewal
Other expenses, including mission awareness
Governance (note 10)|**420,692**
**1,226,143**
**57,961**
**9,275**
**232,206**|325,847

974,463

32,717

12,541

188,059| ||**1,946,277**|1,533,627| 40 Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province **Notes to the accounts** 31 December 2024 ## **9 Expenditure on charitable activities: Donations and support of overseas missions** |**Group**|**Unrestricted**
**funds**
**£**|


**Restricted**
**funds**
**£**|


**Total**
**funds**
**2024**
**£**|



Unrestricted
funds
£|


Restricted
funds
£|


Total
funds
2023
£| |---|---|---|---|---|---|---| |General donations
Donations to the missions
Governance (note 10)
**Total funds**|**14,457**
**99,273**
**20,489**|
—

**93,298**

—|
**14,457**

**192,571**

**20,489**|
26,541

109,657

16,593|
—

50,756

—|
26,541

160,413

16,593| ||**134,219**|
**93,298**|
**227,517**|
152,791|
50,756|
203,547| |**Charity**|**Unrestricted**
**funds**
**£**|


**Restricted**
**funds**
**£**|


**Total**
**funds**
**2024**
**£**|



Unrestricted
funds
£|


Restricted
funds)
£|


Total
funds
2023
£| |General donations
Donations to the missions
Donations to Just Youth
Donations to Revive CIO
Governance (note 10)
**Total funds**|**14,457**
**99,273**
**38,015**
—
**20,489**|
—

**93,298**

—
—

—|
**14,457**

**192,571**
**38,015**
—

**20,489**|
26,541

109,657

29,220
7,750

16,593|
—

50,756

—

—

—|
26,541

160,413

29,220

7,750

16,593| ||**172,234**|
**93,298**|
**265,532**|
189,761|
50,756|
240,517| ## **10 Governance costs** |**Governance costs**||| |---|---|---| |**Group**|Unrestricted|| ||**Total**
**2024**
**£**|Total
2023
£| |Legal and professional fees
Central administration
Bank charges|**102,480**
**160,461**
**10,243**|100,617
115,748
4,880| ||**273,184**|221,245| **11 Net income (expenditure) for the year before investment gains** This is stated after charging: |**Group**|**Total**
**funds**
**2024**
**£**|Total
funds
2023
£| |---|---|---| |Staff costs (note 12)
Operating lease rentals
Auditor’s remuneration
. Statutory audit services – charity
.. Current year
.. Prior year
. Statutory audit services – subsidiaries
.. Current year
.. Prior year
Depreciation (note 14)|**276,326**
**35,225**
**14,400**
**6,564**
**5,474**
**6,258**
**80,385**|258,638
44,469
13,080
2,900
6,288
2,700
53,616| 41 Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province **Notes to the accounts** 31 December 2024 ## **11 Net income (expenditure) for the year before investment gains** (continued) |**Charity**|**Total**
**funds**
**2024**
**£**|Total
funds
2023
£| |---|---|---| |Staff costs (note 12)
Operating lease rentals
Auditor’s remuneration
. Statutory audit services
.. Current year
.. Prior year
Depreciation (note 14)|**157,225**
**32,563**


**14,400**
**6,564**
**75,080**|134,335
42,354
13,080
2,900
44,805| ## **12 Staff costs and remuneration of key management personnel** |**Staff costs and remuneration of key management personnel**|||| |---|---|---|---| |**Group**||**Total**
**funds**
**2024**
**£**|Total
funds
2023
£| |Staff costs during the year were as follows:
Wages and salaries
Social security costs
Pension costs
Staff costs per function were as follows:
Youth and enrichment projects
Support of the members of the Congregation and their ministry||**259,218**
**8,268**
**8,840**|243,035
7,047
8,556| |||**276,326**|258,638| |||**119,101**
**157,225**|124,303
134,335| |||**276,326**|258,638| |**Charity**||**Total**
**funds**
**2024**
**£**|Total
funds
2023
£

126,644

3,353

4,338

134,335| |Staff costs during the year were as follows:
Wages and salaries
Social security costs
Pension costs||**147,294**
**5,044**
**4,888**|| |||**157,225**|| There were no employees who earned more than £60,000 per annum (including benefits) during the year (2023 - none). The average number of employees, analysed by function, was as follows: |**Group**|**Total**
**2024**
**6**
**9**
**15**|
Total
2023

6

9

15| |---|---|---| |Youth and enrichment projects
Support of the members of the Congregation and their ministry||| The key management personnel in charge of directing and controlling, running and operating the group and charity on a day-to-day basis comprise the trustees. As members of the Congregation, the trustees' living and personal expenses during the year were borne by the charity, but they received no remuneration or reimbursement of expenses in connection with their duties as trustees or members of key management personnel during the year (2023 - £nil). 42 Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province **Notes to the accounts** 31 December 2024 ## **12 Staff costs and remuneration of key management personnel** (continued) The key management personnel of the subsidiary charities, Just Youth and Revive CIO, comprise their respective trustees. None of the trustees of Just Youth or Revive CIO received any remuneration during the year (2023 - £nil). As members of the Congregation, 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 donated by the trustees was £10,900 (2023 - £11,020). ## **13 Taxation** The Congregation of the Holy Spirit and the Immaculate Heart of Mary, Just Youth and Revive CIO are all registered charities and therefore are not liable to income tax or corporation tax on income derived from their charitable activities, as it falls within the various exemptions available to registered charities. ## **14 Tangible fixed assets** |**Tangible fixed assets**||||| |---|---|---|---|---| |**Group**|Freehold
land and
buildings
£|
Computers,
furniture and
equipment
£|Motor
vehicles
£|**Total**
**£**| |**Cost**
At 1 January 2024
Additions
Disposals
At 31 December 2024
**Depreciation**
At 1 January 2024
Charge for the year
Disposals
At 31 December 2024
**Net book values**
At 31 December 2024
At 31 December 2023|2,420,542
42,000
—|206,297
53,903
—|234,940
111,343
(41,035)|**2,861,779**
**207,246**
**(41,035)**| ||2,462,542|260,200|305,248|**3,027,990**| ||—
—
—|172,148
27,493
—|171,568
52,892
(29,648)|**343,716**
**80,385**
**(29,648)**| ||—|199,641|194,812|**394,453**| ||2,462,542|60,559|110,436|**2,633,537**| ||2,420,542|34,149|63,372|**2,518,063**| 43 Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province **Notes to the accounts** 31 December 2024 ## **14 Tangible fixed assets** (continued) |**Tangible fixed assets**(continued)||||| |---|---|---|---|---| |**Charity**|Freehold
land and
buildings
£|
Computers,
furniture and
equipment
£|Motor
vehicles
£|**Total**
**£**| |**Cost**
At 1 January 2024
Additions
Disposals
At 31 December 2024
**Depreciation**
At 1 January 2024
Charge for the year
Disposals
At 31 December 2024
**Net book values**
At 31 December 2024
At 31 December 2023|2,420,542
42,000
—|183,548
51,107
—|
222,445

111,343

(41,035)|**2,826,535**
**204,450**
**(41,035)**| ||2,462,542|234,655|
292,753|**2,989,950**| ||—
—
—|157,396
22,188
—|
159,073

52,892

(29,648)|**316,469**
**75,080**
**(29,648)**| ||—|179,584|
182,317|**361,901**| ||2,462,542|55,071|
110,436|**2,628,049**| ||2,420,542|26,152|
63,372|**2,510,066**| A number of freehold and long leasehold properties are held at book values based on valuations made in 2001 and 2003. As permitted under the transitional provisions of FRS 102 (section 35), the group and charity have elected to use these valuations as deemed cost. The remaining properties and other tangible fixed assets are held at cost less accumulated depreciation where applicable. It is likely that there are material differences between the open market values of the charity’s land and buildings and their book values. These arise from the specialised nature of some properties and the effects of inflation. 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. 44 Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province **Notes to the accounts** 31 December 2024 ## **15 Investments** |**Group and charity**
Listed investments and cash held for re-investment (note a)
Insurance bonds (note b)
Investment properties (note c)
Investment in subsidiary undertakings (note d)|**Total**
**2024**
**£**
**3,031,303**
**130,699**
**6,955,000**
—
**10,117,002**|Total
2023
£
2,941,794
124,833
6,955,000
—
10,021,627| |---|---|---| |**_a._**|**_Listed investments and cash held for re-investment_**
**Group and charity**|**Total**
**2024**
**£**|Total
2023
£| |---|---|---|---| ||**Listed investments**
Market value at 1 January 2024
Additions at cost
Disposals at book value (see below)
Net unrealised gains
Market value at 31 December 2024
**Cash held by investment managers for re-investment**
Cost of listed investments at 31 December 2024|**2,894,710**
**385,591**
**(315,815)**
**4,091**|2,744,659
649,295
(517,937)
18,693| |||**2,968,577**
**62,726**|2,894,710
47,084| |||**3,031,303**|2,941,794| |||**2,729,707**|2,597,065| Disposals at book value included above are made up of the following: |**Group and charity**|**Total**
**2024**
**£**
**351,178**
**(35,363)**
**315,815**|Total
2023
£
600,865
(82,928)
517,937| |---|---|---| |Proceeds
Gains
Disposals at book value||| Listed investments held at 31 December 2024 comprised the following: |**Group and charity**|**Total**
**2024**
**£**
**517,835**
**150,332**
**86,988**
**648,838**
**569,683**
**423,772**
**312,665**
**142,058**
**116,406**
**2,968,577**|Total
2023
£

592,310

81,316

157,386

591,422

604,889

350,729

103,934

300,934

111,790

2,894,710| |---|---|---| |UK equities
UK unit trusts
UK fixed interest
Overseas equities
Overseas fixed interest
Overseas unit trusts
Property
Alternative assets
Emerging economies||| 45 Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province **Notes to the accounts** 31 December 2024 ## **15 Investments** (continued) ## _**b. Insurance bonds**_ |**_Insurance bonds_**||| |---|---|---| |**Group and charity**|**Total**
**2024**
**£**|Total
2023
£| |Market value at 1 January 2024
Unrealised gains
Market value at 31 December 2024|**124,833**
**5,866**|119,651

5,182| ||**130,699**|
124,833| |**_Investment properties_**
**Group and charity**|**Total**
**2024**
**£**|

Total
2023
£| |At 1 January 2024 and
at 31 December 2024|**6,955,000**|
6,955,000| - _**c. Investment properties**_ The freehold properties are stated at their fair value based on open market value, which has been determined by the trustees with professional assistance provided by estate agents local to the properties concerned. Investment properties comprise the following: - Land and buildings at 6 Woodlands Road, Bickley. This property is included on the balance sheet at £6,000,000. - Land and buildings at 41 Elizabeth Road, Huyton. This property is included on the balance sheet at £90,000. - Land and buildings at 3 Parkside Mews, Whitefield. This property is included on the balance sheet at £295,000. - Land and buildings at 3 Kynaston Road, Bromley. This is included on the balance sheet at £570,000. - _**d. Investment in subsidiary undertakings**_ Just Youth, a charity constituted as a charitable trust and registered in England and Wales (Charity Registration Number 1072491) is controlled by the charity by virtue of the fact that it has the same trustees, shares administrative services and carries out work consistent with, and supplementary to, the charity. 46 Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province **Notes to the accounts** 31 December 2024 ## **15 Investments** (continued) ## _**d. Investment in subsidiary undertakings** (continued)_ The following is a summary of the accounts of Just Youth for the year ended 31 December 2024, which have been included in the consolidated accounts. ||**Total**
**2024**
**£**|Total
2023
£| |---|---|---| |Income
Expenditure
Net movement in funds
Total funds brought forward
Total funds carried forward|**159,338**
**(158,631)**|
144,918
(142,180)| ||**707**
**75,208**|
2,738
72,470| ||**75,915**|75,208| Revive CIO, a charity constituted as a Charitable Incorporated Organisation and registered in England and Wales (Charity Registration Number 1183006) is controlled by the charity by virtue of the fact that it has the same _Chair of Trustees_ (2023 – _The entire Board of Trustees_ ), shares administrative services and carries out work consistent with, and supplementary to, the charity. The following is a summary of the accounts of Revive CIO for the year ended 31 December 2024, which have been included in the consolidated accounts. ||**Total**
**Year to 31**
**December**
**2024**
**£**|

Total
Year to 31
December
2023
£| |---|---|---| |Income
Expenditure
Net movement in funds
Total funds brought forward
Total funds carried forward|**353,387**
**(249,923)**|
159,464
(236,326)| ||**103,464**
**179,735**|
(76,862)
256,597| ||**283,199**|179,735| ## **16 Debtors** |**Debtors**||||| |---|---|---|---|---| ||**Group**||**Charity**|| ||**2024**
**£**|2023
£|**2024**
**£**|2023
£| |Amounts due from other Spiritan bodies
Accrued income
Other debtors and prepayments|**154,672**
**8,461**
**17,480**|137,131
7,925
3,362|**154,672**
**8,461**
**9,860**|137,131
7,925
1,080| ||**180,613**|148,418|**172,993**|146,136| 47 Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province **Notes to the accounts** 31 December 2024 ## **17 Creditors: amounts falling due within one year** ||**Group**|**Group**|**Charity**|**Charity**| |---|---|---|---|---| ||**2024**
**£**|2023
£|**2024**
**£**|2023
£| |Deferred income
Accruals
Monies administered on behalf of members of the
Congregation
Other creditors|**262**
**42,155**

**40,972**
**70,355**|375
37,429
6,084
81,771|—
**31,598**
**40,972**
**68,155**|—
25,334
6,084
80,071| ||**153,744**|125,659|**140,725**|111,489| Deferred income comprises grant income received in advance. ||**Group**|**Group**|**Charity**|**Charity**| |---|---|---|---|---| ||**2024**
**£**|2023
£||2023
£| ||**375**
**(375)**
**262**|375
(375)

375||—
—
—| ## **18 Restricted funds** The income funds of the group and charity include restricted funds comprising the following unexpended balances of donations and grants held on trusts to be applied for specific purpose. |**Group**|**At**
**1 January**
**2024**
**£**|


**Income**
**£**

**41,241**

**316,794**

**9,000**

**40,849**

**70,000**

**477,884**|**Expenditure**
**£**

**(46,343)**

**(195,015)**

**(9,000)**

**(46,955)**

—

**(297,313)**|**Transferred/**
**Utilised**
**£**

**(18,470)**

**(119,825)**

—

**11,972**

**(42,000)**

**(168,323)**|
**At 31**
**December**
**2024**
**£**| |---|---|---|---|---|---| |Mission aid specific appeals
Revive – enrichment projects
Just Youth - Outreach Programme
City of Angels
Specific Projects|**31,119**
**142,689**
—
**962**
—||||**7,547**
**144,643**
—

**6,828**
**28,000**| ||**174,770**||||**187,018**| |**Charity**|**At**
**1 January**
**2024**
**£**|


**Income**
**£**

**41,241**

**40,849**

**70,000**

**152,090**|**Expenditure**
**£**

**(46,343)**

**(46,955)**

—

**(93,298)**|**Transferred/**
**Utilised**
**£**

**(18,470)**

**11,972**

**(42,000)**

**(48,498)**|


**At 31**
**December**
**2024**
**£**

**7,547**

**6,828**
**28,000**

**42,375**| |Mission aid specific appeals
City of Angels
Specific Projects|**31,119**
**962**
—||||| ||**32,081**||||| The specific purposes for which the funds are to be applied are as follows: ## _Mission aid specific appeals fund_ The mission aid specific appeals fund comprised donations that have been raised through appeals for specific charitable projects. ## _Revive - enrichment projects fund_ This fund comprises donations and grants towards specific aspects of the enrichment projects. Transfers have been made to reflect the utilisation of the funds in prior year which had not been allocated against the restricted funds at the time of the expenditure being incurred. 48 Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province **Notes to the accounts** 31 December 2024 ## **18 Restricted funds** (continued) _Just Youth – Outreach programme fund_ _This fund comprises grants towards the integration of young people into the local community and to provide a safe space for their holistic development._ ## _City of Angels fund_ This fund comprises donations raised for the Congregation’s mission in Brazil. ## _Specific Projects fund_ This fund comprises restricted donations and grants received for specific projects to be completed in the following period. ## **19 Designated funds** The funds of the group and charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes: |**Group and charity**|**At**
**1 January**
**2024**
**£**|**New**
**designations**
**£**|**Transferred/**
**utilised**
**in the year**
**£**|**At 31**
**December**
**2024**
**£**| |---|---|---|---|---| |Retirement fund
Overseas retirement fund
Homeless and alcoholics fund
Healthcare fund|**7,910,000**
**495,000**
**385,002**
**30,000**|**—**
**82,500**
**5,259**
**—**|**—**
**—**
**—**
**—**|**7,910,000**

**577,500**
**390,261**
**30,000**| ||**8,820,002**|**87,759**|**—**|**8,907,761**| |Groupand charity|At
1 January
2023
£|New
designations
£|Transferred/
utilised
in the year
£|At 31
December
2023
£| |Retirement fund
Overseas retirement fund
Homeless and alcoholics fund
Healthcare fund|7,710,000
428,000
366,352
30,000|200,000
67,000
18,650
—|—
—
—
—|7,910,000

495,000
385,002
30,000| ||8,534,352|285,650|—|8,820,002| ## _Retirement fund_ The retirement fund is set aside by the trustees to look after the priests in their retirement. ## _Overseas retirement fund_ The retirement fund is set aside by the trustees to look after the overseas priests in their retirement. ## _Homeless and alcoholics fund_ The homeless and alcoholics fund represents monies set aside by the trustees to be used for the aid of the homeless and alcoholics. ## _Healthcare fund_ The healthcare funds are monies set aside by the trustees to look after the priests' health. 49 Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province **Notes to the accounts** 31 December 2024 ## **20 Tangible fixed asset fund** |**Tangible fixed asset fund**|||| |---|---|---|---| |**Group**|**At**
**1 January**
**2024**
**£**|**Movement**
**in year**
**£**|**At 31**
**December**
**2024**
**£**| |Tangible fixed assets fund|**2,518,063**|**115,474**|**2,633,537**| |Group|At
1 January
2023
£|
Movement
in year
£|
At 31
December
2023
£| |Tangible fixed assets fund|2,492,673|25,390|2,518,063| |**Charity**|**At**
**1 January**
**2024**
**£**|**Movement**
**in year**
**£**|**At 31**
**December**
**2024**
**£**| |Tangible fixed assets fund|**2,510,066**|**117,983**|**2,628,049**| |Charity|At
1 January
2023
£|
Movement
in year
£|
At 31
December
2023
£| |Tangible fixed assets fund|2,480,253|29,813|2,510,066| The tangible fixed assets fund represents the net book value of the charity’s tangible fixed assets used for the support of the members of the Congregation and their ministry. A decision was made to separate this fund from the general fund in recognition of the fact that the assets are used in the day to day work of the group and charity, and the fund value would not be realisable easily if needed to meet future contingencies. ## **21 Analysis of net assets between funds** |**Group**|**General**
**funds**
**£**|**Designated**
**funds**
**£**|**Tangible**
**fixed assets**
**fund**
**£**|**Restricted**
**funds**
**£**|**Total**
**2024**
**£**| |---|---|---|---|---|---| |**Fund balances at 31 December 2024 are**
**represented by:**
Fixed assets
Investments

Current assets
Creditors: amounts falling due within one year
**Total net assets**
|**—**
**1,629,502**
**669,549**
**(153,744)**|**—**
**8,487,500**
**420,261**
**—**|**2,633,537**

**—**

**— **
**—**|
**—**
**— **
**187,018**
**—**|**2,633,537**
**10,117,002**
**1,276,828**
**(153,744)**| ||**2,145,307**|**8,907,761**|
**2,633,537**|
**187,018 **|**13,873,623**| 50 Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province **Notes to the accounts** 31 December 2024 ## **21 Analysis of net assets between funds** (continued) |_Group_|_General_
_funds_
_£_|_Designated_
_funds_
_£_|_Tangible_
_fixed assets_
_fund_
_£_|_Restricted_
_funds_
_£_|_Total_
_2023_
_£_| |---|---|---|---|---|---| |_Fund balances at 31 December 2023 are_
_represented by:_
_Fixed assets_
_Investments_
_Current assets_
_Creditors: amounts falling due within one year_
_Total net assets_|_—_
_1,816,627_
_468,774_

_(125,659)_|_—_
_8,205,000_
_615,002_
_—_|_2,518,063_
_—_
_— _
_—_|_—_
_—_

_174,770_
_—_|_2,518,063_
_10,021,627_
_1,258,546_
_(125,659)_| ||_2,159,742_|_8,820,002_|_2,518,063 _|
_174,770_|_13,672,577_| |**Charity**|**General**
**funds**
**£**|**Designated**
**funds**
**£**|**Tangible**
**fixed assets**
**fund**
**£**|**Restricted**
**funds**
**£**|**Total**
**2024**
**£**
**2,628,049**
**10,117,002**
**910,183**
**(140,725)**
**13,514,509**| |**Fund balances at 31 December 2024 are**
**represented by:**
Fixed assets
Investments

Current assets
Creditors: amounts falling due within one year
**Total net assets**
|_—_
**1,629,502**
**447,547**

**(140,725)**|_—_
**8,487,500**
**420,261**
_—_|**2,628,049**

_—_
_—_
_—_|_—_
_—_
**42,375**
_—_|| ||**1,936,324**|**8,907,761**|
**2,628,049**|**42,375 **|| |_Charity_|_General_
_funds_
_£_|_Designated_
_funds_
_£_|_Tangible_
_fixed assets_
_fund_
_£_|_Restricted_
_funds_
_£_|_Total_
_2023_
_£_
_2,510,066_
_10,021,627_
_997,430_
_(111,489)_
_13,417,634_| |_Fund balances at 31 December 2023 are_
_represented by:_
_Fixed assets_
_Investments_
_Current assets_
_Creditors: amounts falling due within one year_
_Total net assets_|_—_
_1,816,627_
_350,347_

_(111,489)_|_—_
_8,205,000_
_615,002_
_—_|_2,510,066_
_—_
_—_
_—_|_—_
_—_
_32,081_
_—_|| ||_2,055,485_|_8,820,002_|_2,510,066_|_32,081_|| The total unrealised gains as at 31 December 2024 constitute a revaluation reserve as defined by the Charities SORP FRS 102. Movements in unrealised gains during the year were as follows: ||**Total**
**2024**
**£**|Total
2023
£| |---|---|---| |**Unrealised gains included above:**
On listed investments
On insurance bonds
On investment property
**Total unrealised gains at 31 December 2024**
**Reconciliation of movement in unrealised gains**
Unrealised gains at 1 January 2024
Gains in respect to disposals in the year
Net gains arising on revaluation arising in the year
**Total unrealised gains at 31 December 2024**|**238,870**
**55,699**
**4,526,064**
**4,820,633**
**4,873,542**
**(98,229)**
**45,320**
**4,820,633**|297,645

49,833
4,526,064| |||4,873,542| |||4,790,717
(23,978)
106,803| |||4,873,542| 51 Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province **Notes to the accounts** 31 December 2024 ## **22 Leasing commitments** At 31 December 2024, the group had total future commitments under non-cancellable operating leases as follows: |operating leases as follows:||| |---|---|---| |**Group**|Motor vehicles|| ||**2024**
**£**|

2023
£| |Payable:
Within one year
Between two to five years|**13,362**
_—_|
30,567
13,362| ||**13,362**|
43,929| |**Charity**|Motor vehicles|| ||**2024**
**£**|

2023
£| |Payable:
Within one year
Between two to five years|**11,003**
_—_|
29,623
11,003| ||**11,003**|
40,626| ## **23 Related party transactions** In accordance with the exemption available under paragraph 33.1A of FRS102, the charity has elected not to disclose transactions between the charity and its wholly owned subsidiaries. With the exception of the transactions with trustees disclosed in note 12, there are no related party transactions requiring disclosure (2023 – none). 52 Congregation of the Holy Spirit and the Immaculate Heart of Mary, British Province