|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|<br>£|£|
|Cashflowsfromoperatingactivities:||||
|Netcashusedinoperatingactivities|A|<br>(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|<br>9,214,742|7,781,346|
|Cashandcashequivalentsat31December2024|B|<br>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|`£`|<br>`£`|`£`|`£`|
|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<br>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<br>£|Income<br>£|Expenditure<br>£|Transfers<br>£|2024<br>£|
|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<br>£|Income<br>£|Expenditure<br>£|Transfers<br>£|2023<br>£|
|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<br>£|Designations<br>£|Withdrawals<br>£|2024<br>£|
|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|`£`|<br>`£`|
|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|`£`|`£`|<br>`£`|`£`|`£`|
|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|`£`|`£`|<br>`£`|`£`|`£`|
|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<br>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|



## 



## 

## 

##