2024-12-31-accounts

Reports
Referenceandadministrativedetails
ofthecharity,itstrusteesandadvisers	1
Trustees'report	3
Independentauditor'sreport	21
Accounts
Consolidatedstatementof
financialactivities	26
Charitystatementoffinancialactivities	27
Balancesheets	28
Statementofcashflows	29
Principalaccountingpolicies	31
Notestotheaccounts	38

Trustees	RevJamesGerardBriodySDB(Provincial)
	RevPeterRobertBrealeySDB
	RevJamesRobertGardnerSDB(retired15August2024)
	RevSajuJohnSDB(retired15August2024)
	RevFrancisPrestonSDB
	RevJakubWojciechRuszniakSDB
	RevWilliamJohnDicksonSDB(appointed15August2024)
	RevHoangPhucTran(SDB)(appointed15August2024)
Custodiantrustee	S.D.B.TrusteesLimited
Registeredoffice	SalesianProvincialOffice
	ThornleighHouse
	SharplesPark
	Bolton
	BL16PQ
Telephone	01204600720
Facsimile	01204309874
Website	www.salesians.org.uk
CharityRegistrationNumbers
EnglandandWales	233779
Scotland	SC039294
Auditor	BuzzacottAuditLLP
	130WoodStreet
	London
	EC2V6DL
Bankers	RoyalBankofScotlandplc
	StAnnSquareBranch
	StAnnStreet
	POBox320
	Manchester
	M602SS

James Gerard Briody

12/07/2025

Buzzacott Audit LLP 15 July 2025

		Un-		Total	Un-		Total
		restricted	Restricted	funds	restricted	Restricted	funds
		funds	funds	2024	funds	funds	2023
	Notes	£	£	£	£	£	£
Incomefrom:
Donationsandlegacies	1	1,103,661	652,363	1,756,024	1,149,741	269,941	1,419,682
Othertradingactivities	2	30,371		30,371	119,090		119,090
Investmentincomeandinterest
receivable	3	1,541,382	-	1,541,382	1,445,334	17,542	1,462,876
Incomefromcharitableactivities	4	10,596,480	4,797	10,601,277	10,546,688	9,098	10,555,786
Otherincome	5	35,494	-	35,494	12,420	-	12,420
Totalincome		13,307,388	657,160	13,964,548	13,273,273	296,581	13,569,854
Expenditureon:
Raisingfunds
.Investmentmanagementcosts		180,919		180,919	171,740	-	171,740
.Rentalpropertyexpenses		296,167		296,167	25,235	-	25,235
.Interestpayable		59	-	59	84	-	84
Charitableactivities
.Donationsandsupportofoverseas
missions	6	502,062	426,288	928,350	7,399	183,540	190,939
.SalesianCollegeFarnborough	7	9,754,096	5,246	9,759,342	9,465,063	12,178	9,477,241
.SavioHouseRetreatCentre,
Bollington	8	670,037	-	670,037	667,010	-	667,010
.Ministryofthemembersofthe
Congregationandtheirsupport	9	3,322,107	-	3,322,107	3,243,336	—	3,243,336
.Publicityandpromotion	10	287,545	-	287,545	289,068	-	289,068
Otherexpenditure		15,650	-	15,650	25,412	-	25,412
Totalexpenditure		15,028,642	431,534	15,460,176	13,894,347	195,718	14,090,065
Net(expenditure)incomebeforenet
gains(losses)oninvestments		(1,721,254)	225,626	(1,495,628)	(621,074)	100,863	(520,211)
Lossonsaleofinvestmentproperty		(173,939)	-	(173,939)	—	—	—
Netgainsoninvestments	17	2,011,427	-	2,011,427	1,438,751	-	1,438,751
Netincomeandnetmovementin
funds	13	116,234	225,626	341,860	817,677	100,863	918,540
Fundsreconciliation:
Balancesbroughtforward
at1January2024		67,108,192	1,465,409	68,573,601	66,290,515	1,364,546	67,655,061
Balancescarriedforward
at31December2024		67,224,426	1,691,035	68,915,461	67,108,192	1,465,409	68,573,601

		Un-		Total	Un-		Total
		restricted	Restricted	funds	restricted	Restricted	funds
		funds	funds	2024	funds	funds	2023
	Notes	£	£	£	£	£	£
Incomefrom:
Donationsandlegacies	1	1,122,715	652,363	1,775,078	1,167,840	269,941	1,437,781
Othertradingactivities	2	30,371	-	30,371	119,090	-	119,090
Investmentincomeandinterest
receivable	3	1,515,465	-	1,515,465	1,500,079	17,542	1,517,621
Incomefromcharitableactivities	4	296,628	-	296,628	275,569	-	275,569
Otherincome	5	35,494	-	35,494	12,420	-	12,420
Totalincome		3,000,673	652,363	3,653,036	3,074,998	287,483	3,362,481
Expenditureon:
Raisingfunds
.Investmentmanagementcosts		173,680	-	173,680	165,073		165,073
.Rentalpropertyexpenses		296,167	-	296,167	25,235		25,235
.Interestpayable		59	-	59	84		84
Charitableactivities
.Donationsandsupportofoverseas
missions	6	502,062	426,288	928,350	7,399	183,540	190,939
.SalesianCollegeFarnborough	7	47,061	-	47,061	47,061	-	47,061
.SavioHouseRetreatCentre,
Bollington	8	670,037	-	670,037	667,010		667,010
.Ministryofthemembersofthe
Congregationandtheirsupport	9	3,322,107	—	3,322,107	3,243,336	—	3,243,336
.Publicityandpromotion	10	287,545		287,545	289,068	-	289,068
Otherexpenditure		15,650	-	15,650	25,412		25,412
Totalexpenditure		5,314,368	426,288	5,740,656	4,469,678	183,540	4,653,218
Net(expenditure)incomebeforenet
gains(losses)oninvestments		(2,313,695)	226,075	(2,087,620)	(1,394,680)	103,943	(1,290,737)
Lossonsaleofinvestmentproperty		(173,939)	-	(173,939)	—	—	—
Netgains(losses)oninvestments	17	1,958,071	-	1,958,071	1,437,095		1,437,095
Netincome(expenditure)andnet
movementinfunds	13	(529,563)	226,075	(303,488)	42,415	103,943	146,358
Fundsreconciliation:
Balancesbroughtforward
at1January2024		58,024,888	1,434,731	59,459,619	57,982,473	1,330,788	59,313,261
Balancescarriedforward
at31December2024		57,495,325	1,660,806	59,156,131	58,024,888	1,434,731	59,459,619

James Gerard Briody - Trustee

12/07/2025

		2024	2023
	Notes	£	£
Cashflowsfromoperatingactivities:
Netcashusedinoperatingactivities	A	(714,075)	(872,428)
Cashflowsfrominvestingactivities:
Investmentincomeandinterestreceived		1,541,382	1,462,876
Proceedsfromthedisposaloftangiblefixedassets		1,076,061	-
Purchaseoftangiblefixedassets		(246,616)	(406,726)
Proceedsfromthedisposalofinvestments		17,199,248	8,203,378
Purchaseofinvestments		(18,268,832)	(6,920,233)
Netcashprovidedbyinvestingactivities		1,301,243	2,339,295
Cashflowsfromfinancingactivities:
Repaymentsofobligationsunderfinanceleases		(37,434)	(33,471)
Netcashusedinfinancingactivities		(37,434)	(33,471)
Changeincashandcashequivalentsintheyear		549,734	1,433,396
Cashandcashequivalentsat1January2024	B	9,214,742	7,781,346
Cashandcashequivalentsat31December2024	B	9,764,476	9,214,742

	2024	2023
	£	£
Netmovementinfunds(asperthestatementoffinancialactivities)	341,860	918,540
Adjustmentsfor:
Depreciationcharge	764,663	718,835
Gainsonlistedinvestments	(2,011,427)	(1,438,751)
Lossondisposalofinvestmentproperty	173,939	-
Investmentincomeandinterestreceivable	(1,541,382)	(1,462,876)
Increaseinstock	(4,505)	(19,506)
(Increase)decreaseindebtors	(374,843)	101,478
Increaseincreditors	1,937,620	309,852
Netcashusedinoperatingactivities	(714,075)	(872,428)

Analysisofchangesinnetdebt
			Othernon-
			cash
	2023	CashFlows	movements	2024
	£	£	£	£
Cashandcashequivalents
Cashatbankandinhand	8,283,914	1,091,601		9,375,515
Cashheldbyinvestmentmanagers	930,828	(541,867)		388,961
Totalcashandcashequivalents	9,214,742	549,734	—	9,764,476
Borrowings
Loansduewithinoneyear	(1,000)	-	-	(1,000)
Financeleasesduewithinoneyear	(33,471)	37,434	(45,679)	(41,716)
Financeleasesdueaftermorethanoneyear	(56,770)	-	(11,020)	(67,790)
Totalborrowings	(91,241)	37,434	(56,699)	(110,506)
Totalnetdebt	9,123,501	587,168	(56,699)	9,653,970

♦	Leaseholdpropertyimprovements	40years
♦	Domesticequipment	4years
♦	Motorvehicles	4years
♦	Computers	3years

	Un-		Total	Un-		Total
	restricted	Restricted	funds	restricted	Restricted	funds
	funds	funds	2024	funds	funds	2023
Groupandcharity	£	£	£	£	£	£
Salariesandpensionsof
individualreligiousreceived
underGiftAidordeedof
covenant	792,542	-	792,542	713,626	-	713,626
Legacies	184,402	386,342	570,744	273,078	47,261	320,339
Massofferings,stolefees
andclergyofferings	79,556	-	79,556	97,825	-	97,825
Otherdonations	66,215	266,021	332,236	83,311	222,680	305,991
Charitytotal	1,122,715	652,363	1,775,078	1,167,840	269,941	1,437,781
Less:Farnboroughsalaries
payabletoparentcharity	(19,054)	-	(19,054)	(18,099)	-	(18,099)
Grouptotal	1,103,661	652,363	1,756,024	1,149,741	269,941	1,419,682

	Un-		Total	Un-		Total
	restricted	Restricted	funds	restricted	Restricted	funds
	funds	funds	2024	funds	funds	2023
Groupandcharity	£	£	£	£	£	£
Publicationsales	28,001	-	28,001	34,955		34,955
Youtheventwork	2,370	-	2,370	84,135		84,135
Total	30,371	-	30,371	119,090		119,090

	Un-		Total	Un-		Total
	restricted	Restricted	funds	restricted	Restricted	funds
	funds	funds	2024	funds	funds	2023
Groupandcharity	£	£	£	£	£	£
Incomefrominvestments
listedonarecognisedStock
Exchange
.UKfixedinterest	186,057		186,057	206,392		206,392
.UKequities	808,249		808,249	853,346		853,346
.Otherinvestmentincome	1,404		1,404	1,355		1,355
	995,710		995,710	1,061,093	-	1,061,093
Incomefrominvestment
property
.Rent	27,288		27,288	22,570		22,570
Interestreceivable
.Bankinterest	484,234		484,234	326,342	17,542	343,884
.Cashheldbyinvestment
managers	34,150		34,150	35,329		35,329
	518,384		518,384	361,671	17,542	379,213
Grouptotal	1,541,382	-	1,541,382	1,445,334	17,542	1,462,876
Less:Interestreceivedby
SalesianCollege
FarnboroughLimited	(325,364)	-	(325,364)	(244,803)		(244,803)
Less:Dividendsreceivedby
SalesianCollege
FarnboroughLimited	(34,236)		(34,236)	(34,135)		(34,135)
Add:Interestpaidfrom
SalesianCollege
FarnboroughLimited
Add:Rentspaidfrom
SalesianCollege
FarnboroughLimited	333,683		333,683	333,683		333,683
Charitytotal	1,515,465		1,515,465	1,500,079	17,542	1,517,621

	Un-		Total	Un-		Total
	restricted	Restricted	funds	restricted	Restricted	funds
	funds	funds	2024	funds	funds	2023
Group	£	£	£	£	£	£
SalesianCollege
Farnboroughfeesand
relatedcharges	10,299,852	4,797	10,304,649	10,271,119	9,098	10,280,217
Retreatcentrecommunity
andyouthworkincome	296,628		296,628	275,569		275,569
Total	10,596,480	4,797	10,601,277	10,546,688	9,098	10,555,786
	Un-		Total	Un-		Total
	restricted	Restricted	funds	restricted	Restricted	funds
	funds	funds	2024	funds	funds	2023
Charity	£	£	£	£	£	£
Retreatcentrecommunity
andyouthworkincome	296,628	-	296,628	275.569	-	275,569

Otherincome
	Un-		Total	Un-		Total
	restricted	Restricted	funds	restricted	Restricted	funds
	funds	funds	2024	funds	funds	2023
Groupandcharity	£	£	£	£	£	£
Othergrants	2,784		2,784
Rectificationfundre
BatterseaHouseheating
dispute	26,275		26,275
Saleofland	6,435		6,435
Compensationforthelaying
ofapipeline				12,420		12,420
Groupandcharitytotal	35,494		35,494	12,420		12,420

	Un-		Total	Un-		Total
	restricted	Restricted	funds	restricted	Restricted	funds
	funds	funds	2024	funds	funds	2023
Groupandcharity	£	£	£	£	£	£
Missionaryworkofthe
Congregation
abroad		426,288	426,288		183,540	183,540
Donationstoother
organisations(seebelow)	502,062		502,062	7,399		7,399
	502,062	426,288	928,350	7,399	183,540	190,939

	Un-		Total	Un-		Total
	restricted	Restricted	funds	restricted	Restricted	funds
	funds	funds	2024	funds	funds	2023
Groupandcharity	£	£	£	£	£	£
PopeFrancisMultiAcademy
TrustBootle	500,000		500,000
Otherdonationsunder
£1,000	2,062		2,062	4,117		4,117
Donationstoindividuals				3,282		3,282
	502,062		502,062	7,399		7,399

	Un-		Total	Un-		Total
	restricted	Restricted	funds	restricted	Restricted	funds
	funds	funds	2024	funds	funds	2023
Group	£	£	£	£	£	£
Teachingcosts	4,522,301	-	4,522,301	4,142,631	—	4,142,631
Premises	1,143,830	-	1,143,830	1,275,491	-	1,275,491
AdministrationoftheCollege	3,432,028	5,246	3,437,274	3,372,358	12,178	3,384,536
Marketingandpublicity	24,720	—	24,720	28,052	-	28,052
Bursariesgranted	631,217	-	631,217	646,531	-	646,531
	9,754,096	5,246	9,759,342	9,465,063	12,178	9,477,241
	Un-		Total	Un-		Total
	restricted	Restricted	funds	restricted	Restricted	funds
	funds	funds	2024	funds	funds	2023
Charity	£	£	£	£	£	£
Premises	47,061		47,061	47,061	-	47,061

	Un-		Total	Un-		Total
	restricted	Restricted	funds	restricted	Restricted	funds
	funds	funds	2024	funds	funds	2023
Groupandcharity	£	£	£	£	£	£
Staffcosts	231,892	-	231,892	210,372	-	210,372
Premises	151,289		151,289	194,103	-	194,103
Operationalcosts	118,845		118,845	92,336	—	92,336
Administrationoftheretreat
centre	168,011		168,011	170,199	-	170,199
Groupandcharitytotal	670,037		670,037	667,010	-	667,010

	Un-		Total	Un-		Total
	restricted	Restricted	funds	restricted	Restricted	funds
	funds	funds	2024	funds	funds	2023
Groupandcharity	£	£	£	£	£	£
Staffcosts	579,107	-	579,107	519,451	-	519,451
Members'livingand
personalexpenses	1,141,710	-	1,141,710	1,177,686		1,177,686
Premises	1,074,583	-	1,074,583	1,041,902		1,041,902
Education,trainingand
spiritualrenewal	203,278	-	203,278	226,908		226,908
AllocationofProvincialoffice
overheads(note12)	323,429	-	323,429	277,389	-	277,389
Groupandcharitytotal	3,322,107	-	3,322,107	3,243,336	-	3,243,336

	Un-		Total	Un-		Total
	restricted	Restricted	funds	restricted	Restricted	funds
	funds	funds	2024	funds	funds	2023
Groupandcharity	£	£	£	£	£	£
Publicationandother costs	287,545	-	287,545	289,068	-	289,068

Governancecosts
	Un-		Total	Un-		Total
	restricted	Restricted	funds	restricted	Restricted	funds
	funds	funds	2024	funds	funds	2023
Groupandcharity	£	£	£	£	£	£
Auditor'sremuneration	35,850	-	35,850	27,720		27,720

		Supportof
		members
	Savio	ofthe
	House	Congre-
	Retreat	gation	Publicity
	Centre,	andtheir	and	Total	Basisof
	Bollington	ministry	promotion	2024	apportion-
Groupandcharity	£	£	£	£	ment
Staffcosts	29,394	92,381	12,597	134,372
Officerunningcosts	6,710	21,089	2,876	30,675
Administration	6,790	21,339	2,910	31,039	Per
Travellingexpenses	2,802	8,805	1,201	12,808	full-time
Professionalfees	35,789	112,479	15,338	163,606	equivalent
Vehicleleasing	3,124	9,818	1,339	14,281	employees
IrrecoverableVAT	10,459	32,871	4,482	47,812
Governancecosts(note11)	7,842	24,647	3,361	35,850
Groupandcharitytotal	102,910	323,429	44,104	470,443

		Supportof
		members
	Savio	ofthe
	House	Congre-
	Retreat	gation	Publicity
	Centre,	andtheir	and	Total	Basisof
	Bollington	ministry	promotion	2023	apportion-
Groupandcharity	£	£	£	£	ment
Staffcosts	29,738	78,063	11,152	118,953
Officerunningcosts	8,682	22,792	3,256	34,730
Administration	6,586	17,287	2,470	26,343	Per
Travellingexpenses	2,239	5,878	840	8,957	full-time
Professionalfees	36,901	96,864	13,838	147,603	equivalent
Vehicleleasing	2,795	7,338	1,048	11,181	employees
IrrecoverableVAT	11,800	30,976	4,425	47,201
Governancecosts(note11)	6,930	18,191	2,599	27,720
Groupandcharitytotal	105,671	277,389	39,628	422,688

	Group	Group	Charity	Charity
	Total	Total	Total	Total
	2024	2023	2024	2023
	£	£	£	£
Staffcosts(note14)	6,547,604	6,029,831	1,047,184	942,818
Auditor'sandcomponentauditor's
remuneration
.Statutoryaudit—groupaccounts	28,050	20,720	28,050	20,720
.SalesianCollegeFarnborough	25,320	22,300	7,800	7,000
Depreciation	759,163	718,835	410,351	408,205
Operatingleaserentals	115,547	115,547	147,564	115,547

Staffcostsandtrustees'remuneration
	2024	2023
Group	£	£
Staffcostsduringtheyearwereasfollows:
Wagesandsalaries	5,050,557	4,755,407
Socialsecuritycosts	499,500	465,401
Otherpensioncosts	997,547	809,023
	6,547,604	6,029,831
	2024	2023
Group	£	£
Staffcostsperfunctionwereasfollows:
Publicityandpromotion	101,813	94,042
SalesianCollegeFarnborough	5,500,420	5,087,013
SavioHouseRetreatCentre,Bollington	231,892	210,372
SupportofthemembersoftheCongregationandtheirministry	579,107	519,451
Support(note12)	134,372	118,953
	6,547,604	6,029,831
	2024	2023
Charity	£	£
Staffcostsduringtheyearwereasfollows:
Wagesandsalaries	923,414	838,981
Socialsecuritycosts	77,004	66,156
Otherpensioncosts	46,766	37,681
	1,047,184	942,818

Staffcostsandtrustees'remuneration(continued)
	2024	2023
Charity	£	£
Staffcostsperfunctionwereasfollows:
Publicityandpromotion	101,813	94,042
SavioHouseRetreatCentre,Bollington	231,892	210,372
SupportofthemembersoftheCongregationandtheirministry	579,107	519,451
Support(note12)	134,372	118,953
	1,047,184	942,818

Groupandcharity	2024	2023
£60,000to£69,999	5	3
£70,000to£79,999	1
£80,000to£89,999	1	2
£90,000to£99,999	1	1
£100,000to£109,999	1
£110,000to£119,999	1	1

	Group		Charity
	2024	2023	2024	2023
Publicationsandpromotion	3	3	3	3
Provisionofeducation	98	100	-	-
RetreatCentre	8	8	7	8
Supportofthemembersofthe
Congregation	26	26	28	26
	135	137	38	37

Tangiblefixedassets
	Freehold	Computers
	landand	and	Motor
	buildings	equipment	vehicles	Total
Group	£	£	£	£
Costorvaluation
At1January2024	31,401,667	2,869,241	131,314	34,402,222
Additions	119,562	183,754	-	303,316
Disposals	-	-	(42,399)	(42,399)
At31December2024	31,521,229	3,052,995	88,915	34,663,139
Atcost	22,365,876	3,052,995	88,915	25,507,786
Atdeemedcost	9,155,353		-	9,155,353
	31,521,229	3,052,995	88,915	34,663,139
Depreciation
At1January2024	7,650,307	2,175,539	131,314	9,957,160
Chargeforyear	590,132	174,531	-	764,663
Eliminatedondisposals			(42,399)	(42,399)
At31December2024	8,240,439	2,350,070	88,915	10,679,424
Netbookvalues
At31December2024	23,280,790	702,925	-	23,983,715
At31December2023	23,751,360	693,702	-	24,445,062

Tangiblefixedassets(continued)
	Freehold
	landand
	buildings
Charity
Costorvaluation
At1January2024	25,513,231
Additions	107,329
At31December2024	25,620,560
Atcost	16,465,207
Atdeemedcost	9,155,353
	25,620,560
Depreciation
At1January2024	5,882,833
Chargeforyear	410,351
At31December2024	6,293,184
Netbookvalues
At31December2024	19,327,376
At31December2023	19,630,398

Investments At31December2024investmentscomprised:
	2024	2023
Groupandcharity
Freeholdinvestmentproperty(seea.below)	1,000,000	2,250,000
Listedinvestmentsandcashheldforre-investment(seeb.below)
.LGTWealthManagementUKLLP	130,750	7,774,671
CazenoveCapital	9,456,321	8,869,634
.Waverton	7,572,744
CCLA	2,448,291
.RathboneInvestmentManagementLimited(charity)	17,136,171	17,641,181
.RathboneInvestmentManagementLimited(SalesianCollege
FarnboroughLimited)	1,040,800	960,447
	37,785,077	35,245,933
Grouptotal	38,785,077	37,495,933
Less:RathboneInvestmentManagementLimited(SalesianCollege
FarnboroughLimited)	(1,040,800)	(960,447)
Charitytotal	37,744,277	36,535,486

a.Freeholdinvestmentproperty
	2024	2023
Groupandcharity	£	£
Marketvalueat1January2024	2,250,000	2,250,000
Disposalsatmarketvalue(realisedlossof£173,939)	(1,250,000)
Marketvalueat31December2024	1,000,000	2,250,000

b.Listedinvestments
	2024	2023
Groupandcharity	£	£
Listedinvestments(LGTWealthManagementUKLLP)
Marketvalueat1January2024	7,678,917	7,418,939
InvestmentstransferredtoWaverton	(1,384,923)	—
Additionsatcost	1,089,204	2,149,521
Disposalsatopeningbookvalue(realisedgainsof£227,347)	(7,251,580)	(2,318,169)
Netunrealisedinvestment(losses)gains	(3,478)	428,626
Marketvalueat31December2024	128,140	7,678,917
Cashheldinshorttermdepositsandbyinvestmentmanagers	2,610	95,754
	130,750	7,774,671
Costoflistedinvestmentsat31December2024	170,000	7,561,377
	2024	2023
Groupandcharity	£	£
Listedinvestments(CazenoveCapital)
Marketvalueat1January2024	8,745,420	7,982,221
Additionsatcost	3,333,464	2,835,749
Disposalsatopeningbookvalue(realisedlossesof£93,755)	(3,789,373)	(2,873,096)
Netunrealisedinvestmentgains	945,602	800,546
Marketvalueat31December2024	9,235,113	8,745,420
Cashheldinshorttermdepositsandbyinvestmentmanagers	221,208	124,214
	9,456,321	8,869,634
Costoflistedinvestmentsat31December2024	8,040,001	8,388,508
	2024	2023
Groupandcharity	£	£
Listedinvestments(Waverton)
InvestmentstransferredfromLGT	1,384,923
Additions	6,018,902
Disposalsatopeningbookvalue(realisedlossesof£1,582)	(76,722)
Netunrealisedinvestmentgains	216,826
Marketvalueat31December2024	7,543,929
Cashheldinshorttermdepositsandbyinvestmentmanagers	28,815
	7,572,744	-
Costoflistedinvestmentsat31December2024	7,211,231	-

b.Listedinvestments(continued)
	2024	2023
Groupandcharity	£	£
Listedinvestments(CCLA)
Additions	2,500,000
Netunrealisedinvestmentlosses	(51,709)
Marketvalueat31December2024	2,448,291
Costoflistedinvestmentsat31December2024	2,500,000
	2024	2023
Groupandcharity	£	£
Listedinvestments(RathbonesInvestmentManagementLimited
(charity))
Marketvalueat1January2024	16,998,926	17,846,243
Additions	5,105,272	1,834,884
Disposalsatopeningbookvalue(realisedgainsof£186,491)	(5,604,692)	(2,832,023)
Netunrealisedinvestmentgains	532,329	149,822
Marketvalueat31December2024	17,031,835	16,998,926
Cashheldinshorttermdepositsandbyinvestmentmanagers	104,336	642,255
	17,136,171	17,641,181
Costoflistedinvestmentsat31December2024	13,551,636	13,816,938
	2024	2023
Group	£	£
Listedinvestments(RathbonesInvestmentManagementLimited
(SalesianCollegeFarnboroughLimited))
Marketvalueat1January2024	891,842	912,098
Additions	221,990	100,079
Disposalsatopeningbookvalue(realisedlossesof£3,501)	(161,881)	(162,110)
Netunrealisedinvestmentgains	56,857	41,775
Marketvalueat31December2024	1,008,808	891,842
Cashheldinshorttermdepositsandbyinvestmentmanagers	31,992	68,605
	1,040,800	960,447
Costoflistedinvestmentsat31December2024	980,244	940,600

	Group	Group	Charity	Charity
	2024	2023	2024	2023
	£	£	£	£
UKequities	13,296,860	14,325,675	12,288,052	14,011,185
UKfixedintereststocks	3,763,493	4,550,072	3,763,493	4,452,525
Overseasequities	14,734,186	12,188,820	14,734,186	11,829,288
Overseasfixedintereststocks	302,567	331,720	302,567	305,706
Alternatives	2,850,719	2,918,818	2,850,719	2,824,559
CharitySpecificUnitisedFundds	2,448,291		2,448,291
Cash	388,961	930,828	356,969	862,223
	37,785,077	35,245,933	36,744,277	34,285,486

	Group		Charity
	2024	2023	2024	2023
	£	£	£	£
Educationfeesreceivable	92,082	6,335	-	-
Sundrydebtors	144,849	72,535	112,449	70,177
Prepayments	364,801	358,019	-	-
Legaciesreceivable	336,000	126,000	336,000	126,000
	937,732	562,889	448,449	196,177

	Group	Group	Charity
	2024	2023	2024	2023
	£	£	£	£
Educationfeespaidinadvance	1,971,076	657,137	—	—
Expensecreditors	253,242	168,349	3,921	2,719
Taxationandsocialsecurity	109,669	109,557	—	—
Loaninrespecttodevelopmentofthe
communityhouse,Battersea(see(a)
below)	1,000	1,000	1,000	1,000
Hirepurchaseobligations	41,716	33,471	—	—
Othercreditors	154,947	174,861	—	—
Deferredincome	370,709	340,667	83,421	83,421
Accruals	396,107	600,459	300,207	446,934
	3,298,466	2,085,501	388,549	534,074
Duringtheyearended31December	2024,thegroupandcharityhadthefollowingloan
facilitywithRathboneInvestmentManagementLimited:
(a)ThecharityhasaloanfacilitywithRathbones		InvestmentManagementLimitedfor
capitalprojects.Theloanaccountcurrentlyhasabalanceof£1,000pendingfutureuse
forprojectsthatarebeingplanned.Theloanoutstandingat31December2024is
securedbyamortgageandchargeagainstthelistedinvestmentsmanaged				onbehalf
ofthecharitybyRathboneInvestmentManagementLimited.
Creditors:amountsfallingdueafteroneyear
	Group		Charity
	2024	2023	2024	2023
	£	£	£	£
Educationfeespaidinadvance	960,664	227,764
Hirepurchaseobligations	67,790	56,769
	1,028,454	284,533
	Group		Charity
	2024	2023	2024	2023
	£	£	£	£
Deferredincome
Deferredincomeat1January2024	1,225,568	1,351,401	83,241
Releasedduringtheyear	(997,803)	(1,120,280)	(83,241)
Resourcesdeferredduringtheyear	3,074,684	994,447	83,241	83,241
Deferredincomeat31December2024	3,302,449	1,225,568	83,241	83,241

purposes:
	At1				At31
	January				December
	2024 £	Income £	Expenditure £	Transfers £	2024 £
Overseasfunds	858,678	655,159	(426,288)		1,087,549
Bursaryfunds	30,678	4,797	(5,246)		30,229
Developmentfunds	30,856	(2,796)	-		28,060
Legacyfund	545,197	-	-		545,197
Grouptotal	1,465,409	657,160	(431,534)		1,691,035
LessBursaryFunds
FarnboroughCollege	(30,678)	(4,797)	5,246	—	(30,229)
Charitytotal	1,434,731	652,363	(426,288)	-	1,660,806
	At1				At31
	January				December
	2023 £	Income £	Expenditure £	Transfers £	2023 £
Overseasfunds	707,035	334,583	(182,940)	-	858,678
Bursaryfunds	33,758	9,098	(12,178)	-	30,678
Developmentfunds	77,956	(47,100)	-	-	30,856
Legacyfund	545,797	-	(600)	-	545,197
Grouptotal	1,364,546	296,581	(195,718)	-	1,465,409
LessBursaryFunds
FarnboroughCollege	(33,758)	(9,098)	12,178	-	(30,678)
Charitytotal	1,330,788	287,483	(183,540)	-	1,434,731

Designatedfunds
	At1			At31
	January			December
	2024 £	Designations £	Withdrawals £	2024 £
MinistryofthemembersoftheCongregation
andtheirsupportandretirementfund	15,000,000			15,000,000
SavioHousesupportfund	10,000,000			10,000,000
Youthministryfund	5,000,000		-	5,000,000
Pipelinecompensationfund	75,000	-	(25,194)	49,806
Tuitionfund	1,000,000		-	1,000,000
BootleChapelfund	500,000	-	(500,000)	—
EducationalScholarshipfund	101,119	5,181	-	106,300
SalesianCollegeFarnboroughfund	9,083,304	10,712,808	(10,067,011)	9,729,101
Grouptotal	40,759,423	10,717,989	(10,592,205)	40,885,207
Less:SalesianCollegeFarnboroughfund	(9,083,304)	(10,712,808)	10,067,011	(9,729,101)
Charitytotal	31,676,119	5,181	(525,194)	31,156,106
	At1			At31
	January			December
	2023		Withdrawals	2023
	£	Designations£	£	£
MinistryofthemembersoftheCongregation
andtheirsupportandretirementfund	15,000,000	-		15,000,000
SavioHousesupportfund	10,000,000	-		10,000,000
Youthministryfund	5,000,000	-		5,000,000
Pipelinecompensationfund	75,000	-		75,000
Tuitionfund	-	1,000,000		1,000,000
BootleChapelfund	-	500,000		500,000
EducationalScholarshipfund	-	101,119		101,119
SalesianCollegeFarnboroughfund	8,308,042	10,551,713	(9,776,451)	9,083,304
Grouptotal	38,383,042	12,152,832	(9,776,451)	40,759,423
Less:SalesianCollegeFarnboroughfund	(8,308,042)	(10,551,713)	9,776,451	(9,083,304)
Charitytotal	30,075,000	1,601,119	-	31,676,119

Tangiblefixedassetsfund
	Total	Total
	2024	2023
Groupandcharity	£	£
At1January2024	19,630,398	20,038,603
Netmovementinyear	(303,022)	(408,205)
At31December2024	19,327,376	19,630,398

		Tangible
		fixed
	General	assets	Designated	Restricted	Total
	fund	fund	funds	funds	2024
Group	£	£	£	£	£
Fundbalancesat31December
2024arerepresentedby:
Tangiblefixedassets		19,327,376	4,656,339		23,983,715
Investments	1,527,755		37,257,322		38,785,077
Netcurrentassets	5,484,088			1,691,035	7,175,123
Creditors:amountsfalling
dueafteroneyear		-	(1,028,454)	-	(1,028,454)
Totalnetassets	7,011,843	19,327,376	40,885,207	1,691,035	68,915,461
		Tangible
		fixed
	General	assets	Designated	Restricted	Total
	fund	fund	funds	funds	2023
Group	£	£	£	£	£
Fundbalancesat31December
2023arerepresentedby:
Tangiblefixedassets	—	19,630,398	4,814,664	-	24,445,062
Investments	4,859,367	-	32,636,566	-	37,495,933
Netcurrentassets	1,859,004	-	3,592,726	1,465,409	6,917,139
Creditors:amountsfalling
dueafteroneyear	-	-	(284,533)		(284,533)
Totalnetassets	6,718,371	19,630,398	40,759,423	1,465,409	68,573,601

		Tangible
		fixed
	General	assets	Designated	Restricted	Total
	fund	fund	funds	funds	2024
Charity	£	£	£	£	£
Fundbalancesat31December
2024arerepresentedby:
Tangiblefixedassets	-	19,327,376	-		19,327,376
Investments	6,588,171	-	31,156,106	-	37,744,277
Netcurrentassets	423,672	-	-	1,660,806	2,084,478
Totalnetassets	7,011,843	19,327,376	31,156,106	1,660,806	59,156,131
		Tangible
		fixed
	General	assets	Designated	Restricted	Total
	fund	fund	funds	funds	2023
Charity	£	£	£	£	£
Fundbalancesat31December
2023arerepresentedby:
Tangiblefixedassets		19,630,398	-		19,630,398
Investments	4,859,367	-	31,676,119		36,535,486
Netcurrentassets	1,859,004	-		1,434,731	3,293,735
Totalnetassets	6,718,371	19,630,398	31,676,119	1,434,731	59,459,619

Thetotalunrealisedgains(losses)balanceasat31Dece onrevaluationandareasfollows:	mber2024constitutes	movements
	2024	2023
Groupandcharity	£	£
Unrealisedgainsincludedabove:
Oninvestmentproperties*	1,000,000	2,250,000
Onlistedinvestments	4,939,503	3,607,682
Totalunrealisedgainsat31December2024	5,939,503	5,857,682
Reconciliationofmovementsinunrealisedgains
Unrealisedgainsat1January2024	5,857,682	4,588,818
Inrespecttodisposalsintheyear	(1,614,606)	(151,905)
Netgainsarisingonrevaluationintheyear	1,696,427	1,420,769
Totalunrealisedgainsat31December2024	5,939,503	5,857,682

ThefollowingisasummaryoftheaccountsofSalesianCo	llegeFarnborough:
	31	31
	December	December
	2024	2023
	£	£
Summary balancesheet
Tangiblefixedassets	4,656,339	4,814,664
Investments	1,040,800	960,447
Debtors	572,704	450,133
Cashatbankandinhand	7,511,279	4,808,119
Creditors:amountsfallingduewithinoneyear	(2,919,745)	(1,561,255)
Creditors:amountsfallingdueaftermorethanoneyear	(1,028,454)	(284,533)
Netassetsandtotalfunds	9,832,923	9,187,575

	Year	Year
	ended31	ended31
	December	December
	2024	2023
	£	£
Summaryofthestatementoffinancialactivities
Totalincome	10,717,605	10,560,811
Totalexpenditure	(10,072,257)	(9,788,629)
Netmovementinfunds	645,348	772,182
Fundbalancesbroughtforwardat1January2024	9,187,575	8,415,393
Fundbalancescarriedforwardat31December2024	9,832,923	9,187,575

	Computer	Equipment
	2024	2023
Group	£	£
Operatingleasecommitments:
Withinoneyear	41,716	33,471
Withintwotofiveyears	67,790	56,769
	109,506	90,240

operatingleasesasfollows:
	Motorvehicles	andother
	2024	2023
Group	£	£
Operatingleasecommitments:
Withinoneyear	208,248	183,449
Withintwotofiveyears	368,724	395,153
Greaterthanfiveyears	-	-
	576,972	578,602

	Motor	vehicles
	2024	2023
Charity	£	£
Operatingleasecommitments:
Withinoneyear	138,002	113,203
Withintwotofiveyears	254,071	280,500
	392,073	393,703