Charity regi¥tration nurnber 233881 (England and Wal> ENGLISH PROVINCE OF THE BROTHERS OF CHRISTIAN INSTRUCTION ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
ENGLISH PROVINCE OF THE BROTHERS OF CHRISTIAN INSTRUCTION LEGAL AND ADMINISTRATIVE INFORMATION Trustoès Brother Franus Brother Jacques Brother Yannick Brother Laurent Brother James (Jim Hayesl Charity number (England and Wale81 233881 Indgpendgnt exomingr Moore (South) LLP The Quay 30 Channel Ocean Village Southampton S014 3TG Bank•rs HSBC 23 Allerton Road Mossley Hill Liverpool L182DA Sollcltor• Paris SmNh LLP Numbèr l London Road Soulhampton Hampshire SO15 2AE
ENGLISH PROVINCE OF THE BROTHERS OF CHRISTIAN INSTRUCTION CONTENTS Page Tnjstees. feport Independent examiners report Statement of financjal activities Balance sheet Notes lo the fin8n¢ial stslemenls 7-14
ENGLISH PROVINCE OF THE BROTHERS OF CHRISTIAN INSTRUCTION TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2024 The trustees trustees present their annual report and ffinancial statements for the year ended 31 August 2024. The financial statements have been prepared in accordanrE with the accountsng poliaes set out in note 1 to the financial statements and compty with the trust's Charity's trust deed. Ihe Charitie5 Act 2011 and "Accounting and Reporting by Charities.. Staternent of Recommended PraGtice applicable to charities pieparing theii accounts in accordance with the Finan81 Reporting Standard appltsble in the UK and Republic of Iieland IFRS 1021" leffective 1 January 20191. Oblectlves and actlvltles The object5 of the Charity are to Cary on, or dired any ¢haritsble works that advan¢& the religiou$ and other charitable works for the time being carrièd on, by, of under the diiection of Ihè English Provin¢e of Thè 8rothers of Christian Instruction IEPBCII. Achlevements and performance Significant activities and achievements ag8insl objectives The main focu5 of the Charity's activities continues to be supporting the education provided by the fv40 school5:. Ch8rl¢on House S¢hool, Southampton St Francis Xavier'$ S¢hool, Liverpool The support ol the schools continues, which also provides facilities for Ihe general public use. In Liverpool, the Charity continued its support of the development ol St Francis Xavierfs College in its identity as an Academy and the primary sector education in Southampton. Fln¥n¢l¥l revl•w Revlew of the flnanclal posltSon In Southamplon. th8 Charity had conllnued to support the Charfton Hous• School. Financial support amountlng to £156,55412023. £214,988) was gNen during the year. In addition certain utility costs totallin9 £11,210 and repairs of £20,380 were met by the Trust. The net movement in funds in the year was a deficit of £579.521 12023.. deficit of £540,746) after incurring annual depreciation of £139.191 12023.. £139,191). The deficrt has been deducted frorn reserves which now sland at £3.213,499 al the ytr8r end12022'. £3.793,0191. The Charty has designated funds, which the Trustees intend to be used on projects wrthin St Frands Xavler's college. This amounted to £21,589 at the year end12023'. £21,589). The Charity made a donation lo Gaudele Trusl of £350.0(K) in the year. The Gaudete Trust is a registered charity under nurnber 1202070. the object5 01 which are lo provide. mainlain and cary on Ihe overisght of Catholic schools in England and Wales in a¢¢ord8n¢e wtlh the l&a¢hing$ and Canon Law of the Catholic Church. R•8•N•S The Reserves present the unrestricted fund5 arising from pasl operating results. The Trustees have determined that these reserves should be allowed to arLumulate lo ensure that lunds are available to cover expendrture such 8s housing Costs of the 8rothers and donations to ieligious educational establishrnents which will enable them tts advance the ligIouS works as explained in the Charrty's objects. The charity has free reserves (unrestricted funds, less designated fun¢Js and those tied up in fixed assets) of £581,584 when taking into account the payments received in advance of a planned assel sale12023'. of £48,565). Plans for future periods In Liverpool, the sale for the land and buildings for the community house hag been agreed to take place post year- end for £1.820.000, against which an advanced payment has been received of £951,759, which has allowed the Trust to make donations as above. There are 8150 plans to sell the playing fields of the fr>rmer St.Marfs College in South8fflpton in the future. As the English Province is now liaised wrth the French Province, joint finanaal investments may develop. Further support of education wll conts'nue from the predS ol the disposal of surplus assets.
ENGLISH PROVINCE OF THE BROTHERS OF CHRISTIAN INSTRUCTION TRUSTEES, REPORT ICONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 structure. 9ovemanee and rnana9ement Goveming document The Chaiity Is constituted by 3 Trust deed and is gIStered 1h the Charity Commissioners under Charity number 233881. Trustees The Trustees named above have served throughout the yèar. Brothèr James was appointed on 1 January 2023. Appointment of Trustees Is govemed by the regulations of the Charity as stated in the Trust deeds of 1965. Trustees are elected by members ol the English Province of the 8rolhefS ol Christian Instruction lo serve for a Ihree-year terrn of offi. with the exception of the Provincial Superior, who is a trustee ex-officio. The Provincial Superior is appointed by the General Council ol The Brothers of Christian Instruction based in Rome. following consuttation of the brothers ol the province. lor a six-year terrn of office. He may be re-appointed for one or Ihree-year lems. Brother Franci5 Brother Ja¢que$ Brother Yannick Brother Laurent rolher James (Jim Hayesl Rl8k monog•m•nt The Trustees have in place 8 risk managemenl policy relating lo financi81 responsibilities and each school has its own risk management policy relating lo the activities of a school. The Charity will develop 5yStem8 lo monitor and Control these risks lo manage any impact that they may have on the Charity in the fvture. Oryanlsatlonal Structur• The EPBCI is part ol a worfdwide ngregation 1h e$i8blishmenl$ in nty-five ¢ountri&$. In keeping with the vision ol their founders John de La Mennais and Gabrièl Deshaye$. who be9an th& Congregation in 1819 in Brittany, France. the Brothers stnve to spread the knowledge ol Jesus Christ and his Gosp&l. The Brothers exercise this apostolate chiefty, but not exclusivety. in the field ol Education. The Brothers had communrties in England. both ofwhich are dosety connected with school6. In Soulhamplon, Charlton House S¢hoo1. caters lor Childn b&tw&en >11. Charllon House School registered as a charity INumb6r 11937551 is conbnuin9 primary èducational activ&$. In Liverpool, St Francis Xavier's College is an Academy for boys from 11-18 with gids accepted into the sixth form. The Academy is a company lirniled by guarantee INO. 081374211 and an exempl Charity. The trustees are EPBCI who appoint members ¢0 the Governing body Trustees training Input is arranged at one meebng per year and via inter-rel10$ congregation invofvement. Trustee representation al conferences relating to Charity Commission matters is encouraged. Individual trustees undertake their own professional in-service Iraining which applie5 to the educabonal objectives of Ihe Iruslee5. Equal opportunities policy The Trustees operate an equal opportunities policy. as employer. seeking to appoint employees best qualified to carry out their several duties. Wth the exceptions perrnrtled wilhin Ihe law they seek to make appointments without reg8rd to gender, ra or disability. Publie b•n•fit In setting the objectives. and planning the activrties of the Charity. the Truslee5 are aware and have had regard to the guidan on public benefft issued by the Charity Commission.
ENGLISH PROVINCE OF THE BROTHERS OF CHRISTIAN INSTRUCTION TRUSTEES, REPORT ICONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 The tru$te8s' report was approved by the Board of Trustees. Brother Francis Tru#to• 28 June 2025
ENGLISH PROVINCE OF THE BROTHERS OF CHRISTIAN INSTRUCTION INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ENGLISH PROVINCE OF THE BROTHERS OF CHRISTIAN INSTRUCTION I report lo the trustee5 on my examination of the financial statements of English Province of the Brothers of Christian Instruction (the trustl for the year ended 31 August 2024. R•sponslbllltlas and basls ol r•port As the trustees of the trust you are responsible for the preparat*)n of the finanrAal statements in accordance wrth the requirements of the Charities Act 2011. I report in respect of my Èxamination of the trust's ffinancial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the D1ctionS given by the Chaity Commission under section 14515llbl of the Charities Act 2011. Independent •xaminerf8 81atem•nt I have completed my examination. I confim that no matte(s havè come to my attention in ¢OnnecOn wlth thg examination giving me cause to believe thal in any material respect.. 8¢¢ounting records were not kepl in r&spe¢t ol the trusi as reouired by $e¢bon 130 01 the Ch8ri1i&sA¢l 2011. the financial statements do not accord with Ihose records.. or thè financial statements do not comply wrth the applicablè requirèments concemlng the fom and content of financial statements set out in the Chanlies IAccounts and Reports) Re9ulations 2008 other than any requirement that the finanaal statements gNe a true aThJ fair view. which is not a matter cLJnsidered as part of an independent examination. I have no concerns and have rne across no other matters nneCt)n wilh the ex8rnin8tion Its whith attention should be drawn in this report in order 10 enable a proper vndersiandin9 Of the fin8n¢i81 statements lo be re¥¢hed. K•vln Coop•r BA FCA OChA For and on behall of Moore Isoulhl LLP The Quay 30 Channel W8y Ocean Village Southampton S0143TG D8tèd.. 30 Jun8 2025
ENGLISH PROVINCE OF THE BROTHERS OF CHRISTIAN INSTRUCTION STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2024 Unrestrtcted fund# 2024 Unrestrlcted funds 2023 Not•s Income from: Donations and legacies 184,750 39,743 Total Ineom• 184,750 39,743 Expendlture on.. Charitable activitiès 764,270 580,489 Totsl •xp•ndltuM 764,270 580,489 N•t •xpondltur• and mov•m8nt In funds IS79,5201 IS40,7461 Reconclllatlon ol funds: Fund b8lan¢e$ a11 Sepl¥mber 2023 3.793,019 4.333,765 Fund balanc•• at 31 Augu8t 2024 3,213,499 3,793,019 Th¥ $talemenl of finan¢i81 a¢tivib&s indudes 011 gains and losses re¢ognis*d in the y¢ar. All in¢om& an¢J expenditu darlve from continuing activitiès.
ENGLISH PROVINCE OF THE BROTHERS OF CHRISTIAN INSTRUCTION BALANCE SHEET AS AT31 AUGUST2024 2024 2023 Notes Flxed assets Tangible assets 3.583.674 3,722,865 Currnnt assèts Debtors Cash at bank and in hand 26.486 580.498 26.486 50.268 588.984 78.754 Cr•dltors'. amounts lalllng du¢ vAthln one year 10 1957.1591 16,6001 Net current Illabllltle8Va88ets 1370,175 70,154 Total a88et8 le88 curr•nt IlabllSlle8 3.213.499 3.793,019 N•t a8s•t8 3.213,499 3,793,019 Thè lund8 of thè tru8t Unrestricted funds 3.213.499 3.793,019 3,213.499 3,793,019 The fin8ncial statements were 8pproved by the truslees on 28 June 2025 Brother Frands Trustee
ENGLISH PROVINCE OF THE BROTHERS OF CHRISTIAN INSTRUCTION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Aecountlng pollel•s Charfty Snforniatlon English Province ol the Brothers ol Chiistian Instruction is an unincorporated charity registered in England and Wales under number 233881, and consb"tuted under a Trust Deed dated 8 November 1965. 1.1 Accounting convention The financial statements have beèn prepared in accorilance vnth thè trusfs Igoveming documenti, thè Charities Act 2011, FRS 102 "The Finanaal Repo"n9 Standard applicable in the UK and Republic of Ireland I'FRS 1021 and the Charities SORP "Accounting and Reporting by Charities.. Statement ol Recomrnended Practice applicable to charities preparing their accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (effective 1 January 20191. The trust Is a Public Benefit Entity as defined by FRS 102. The trust has taken advantage of Ihe pro¥ision$ in the SORP for charits.es not to prepare a Statement of Cash Flows. The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to prowde a twe and fair YW. This departure has involved following the Statement of Recommended Practice lor charibes apptying FRS 102 ralher Ihan the version of the Ststement of Recommended Practi¢e whi¢h is releffed lo in th& Regulalitsns bul whi¢h has $in¢& bo¥n withdrawn. Th¥ financi81 statéments are prepared in st&ding, which 1$ Ihe function81 ¢urr&nw ol the trust. Monetsry arnounts in these financial statements are rounded to the nearest £. The financial statements have been prepad under the historical ojst convention. The principal accounting policies adopted a set out below. The Trust has taken advantage ol the exemption not to produ¢¢ • cash flow stslemenl. 1.2 Golng cone•m At the time of approving the finanual slalemen15. the trustees have a reasonable expectation that the trust h83 adequale resources to continue in oper81ional existence for the foresee8ble fulure. Thus Ihe trustees ¢onlinu¥ lo adopt the going concem b8$i$ ol ac¢ounb'n9 in preparing the finanu81 slalements. 1.3 Charttable funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives ol the charity and which have nol been designaled lor other purposes. Restrfcted funds are funds which are to be used in accordance wtth speafic restrictrons imposed by donors or which have been raised by the charrty for particular purposes. The cost of raising and administering such funds are charged against the specific fvnd. The aim and use of each $tn'Cted fund is set out in the notes to the financial slalemenls. The are currenlty no reslricled fvnds. Designated lunds comprise unrestricled funds thal have been set aside by the trustees for particular purposes. The aim and use ol each designaled fund is set out in the notes to the financjal statements. 1.4 Income All incorning resources are included in the Statement of Financial Activities ISOFAI when the charity is leg81 entimed to the incorne after any performance condtti"on5 have been met, the amount can be measured ieliab and It Is probable that the income will be received. The main income of the Charity results from the Brothers salaries and pensions credrted directty to the Chanty bank account. See note 2.
ENGLISH PROVINCE OF THE BROTHERS OF CHRISTIAN INSTRUCTION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Accounting policies (Continuedl Interest on lunds held on deposrt is induded when receivable and the amount (xn be measured reliably by the Charity", this is nornialty upon notsfication by Ihe bank. Legacies are reeognised following the granting ol probate when the estate has notthed the Charity in writing both the amount and settlement date. In the event that the gift is in the lomi of an asset other than cash, recognith)n is subject to the value of the grft being feliabty measured and title is tranSfed to the Charity. 1.5 Exp•ndltur• Liabilities are recogni5ed as expendrture 8s soon as the 15 8 constructive or legal obligation committing the Charity lo th8t expenditure and the amount can be measured reliabty. Expenditure is induded on an 8ccru8ls basis. VAT is not reVerable by the Charty and 1$ induded vnth the item of trxpen$& to which il relates. Support costs are those which assist Ihe work ol the charty but do not directty represent charitable activities and include office costs, governance cosls. administrative and finance costs. All support costs are incurred directly in support of the expenditure on the obj'ecls of Ihe charity. Grants and donations aro payments made in the lurtherance of the ¢harit8ble objectives of the Trust. 1.6 Tanglble Ilxed assets Tangible fixed assets are inrtialty measured at cost and subsequenty measured at cost or valuation, net of depreuation and any impairmenl losses. D¥pre¢iation 1$ reeognis&d $0 a$ lo vnile off tm or ¥alu81ion of assets l¥$s their ro$i¢Jual values ov¥r Ihelr useful lives on the following bases.. Freehold land 8n¢J buildings Fixtures and fittings 50 years 25% reduang balance The gain or loss arising on the disposal of an asset is detemiined as the difference between the sale proceeds and the carrying value of the assel, and is recognised in the slalement of financial activrties. 1.7 Impalm•nt of fix ag80ts At each reporting end dale, the trusl reviews the carrying a[lnts of it5 tangible assets lo delermine whether there is any indication thal Ihose assets have 5ullered an impaient 10$5. If 8ny such indication exis15, the re¢over8ble amgunl of the asset Is eslimated in order to determine the extent of the imp8irment1955 lif 8nyl. 1.8 Cash and Cash equlvalents Cash and cash equivalents Include cash in hand, deposiis hek1 at call with banks, other short-temi liquid investments with original maturities of the months or less, and bank overdrafts. Bank overdrafts are shown wrthin borrowings in current liabiliti'es. 1.9 Financial instruments The trust has elecled to appty the provisions of Section 11 '8asic Finanaal Instsuments, and Section 12'0ther Financial Instruments Issues, of FRS 102 to all of its financial instwments. Financial instrurnents are recognised in the trust's balance Sheet when the trust becgmes party lo the contiactual provisions of the instrurllent. Financial assets and liabilities a offset, with the net amounts presented in the financial statements, when there is a legalty enforceable right lo set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liabilty $imuManeousty.
ENGLISH PROVINCE OF THE BROTHERS OF CHRISTIAN INSTRUCTION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Accounting policies (Continuedl Basle finanelal ass•ts Basic finanrial assets. which indude debtors and cash and bank balances. are initially measured at tr8ns8ction price including transaction costs and are subsequenty carried at 8mortysed c05t Using the effective interest method unle55 the arrangernent oon5titutes a financing transaction. where the tr8nS8Ction is measured at the present value ol the luture receipts discounted at a market rate of interest. Finanaal assets classified as re1vable within one year are not amortised. Basic financial liabilities 8asic financial liabilities. induding creditors and bank loans are inrtially recognised at transaction price unless the arrangement constitutes a finanung transaction. where the debt instffjment is measured at the present value ol the future payments discounled al a market rate of inlerest. Finanaal liabilities classified as payable wrthin one year are not amortised. Debt instruments 8re 8ubsequentty carried at amortl8ed cosl. using the effective interest rate method. Trade creditors are obligations lo pay for oocrfls or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are dassified as current liabilities if payment is due wthin one year or less. If nol. they are presenletj as non-currenl liabilities. Trade credrtors are recognised initially at transactMJn price and subsequentty measured at amortised cost using the effective interest Method. Dorecognition ol finonclal liobiliti•s Financial liabilities are dereco9nised when trust's contradual obligations expire or are discharged or cancelled. 1.10 Taxatlon The charity is an exempt charity ¥wthin the meaning ol schedule 3 of the Charrties Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore rt meets the definition of 8 charitable company for UK corporalion tsx purposes. 1.11 Ernployee benefit• The cost of any unused holiday entthment is recognised in the penod in which the employee's seNS are ceived. Terrnination benefils are reco9nised irnrnedialety as an expense when Ihe trust is demonstrably Mmrt1ed Its lerminale the ernployment ol an employee or to provide lermination beneffts. 1.12 For•ign •xehang• FOign currency ¢ransacts'ons are inrtialty recogni5ed by apptying to the fOIgn CUnry amount the spot exch8nge r8te between the luncb'on81 Currenq and the foreign currency at the d8te of Ihe transaction. Monetary assets and liabilrties denominated in a foreign currency at the balance sheet date are translated using the dosing rate.
ENGLISH PROVINCE OF THE BROTHERS OF CHRISTIAN INSTRUCTION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Ineom• from donatlons and legael•s Unrestricted funds 2024 Unrestrlcted funds 2023 Donations Covenated Pensk)n$ 141.231 43,519 39,743 184,750 39,743 Expondltur• on ¢horiiobl• #¢il¥lU•• 2024 2023 Dlr¢t ¢o$ts Depreciation and irnpainnent Donation to Chadton School Rates and water Light heat and power Food 8ntJ living ¥xp¥nss 139,191 156,552 7.696 3,S15 139,191 214,990 5.322 10,063 77,018 42,466 33.229 34,209 705 Insurance Malntenanc8 Transport Donation to Gaudete Trust 20,360 477 350,500 755,309 480,17S Share of Support and govemance costs Isee note 4) Support 8,961 100,314 764,270 580,489 Analysls by fvnd Unrestncted funds 764,270 580,489 10-
ENGLISH PROVINCE OF THE BROTHERS OF CHRISTIAN INSTRUCTION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Support eosts allocat•d to aetlvltS•s Total 2024 Total 2023 Accounting and other lees- govemane Foreign exchange difference Bank charges Legal and professional- governance 4,200 4.160 452 149 4,440 184 219 95.471 8.961 100,314 Legal and professional fees are in relation to the sale of land. Employe?8 The ¥v&ra9* monthty number ol employees during the yearwas: 2024 Numb•r 2023 Numb•r Total Thare w8re no employees whose annual remuneration was morè than £80.000. R•muneratlon of key managem8nt pernonn•l The Truslè6s, who are the key managemènt pèrsonnel, n&ilh&r re¢eiv¢d nor waived any ¢moluments during the y¢ar12023." £nill. Governance costs Included wlhin support costs above are legal and piolessitsnal and accounting costs which conslrtule gov8rn8nce costs. The tot818ccounting Ctssts included £2.000 12023". £2,000) in rèspect of the independgnt examination, and the remainder for the pparatIOn of accounts in statutory fomat and accounting servIs.
ENGLISH PROVINCE OF THE BROTHERS OF CHRISTIAN INSTRUCTION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Tanglblè (lx ass•ts Frefrhold tand Flxturns and •nd tyulldlng$ IUng$ Totsl Ct At 1 September 2023 7.013.545 98.535 7.112.080 At 31 August 2024 7.013.545 98.535 7.112.080 Oepreclatlon and Impalrnient At 1 September 2023 Depreciabon charged in the year 3,2.680 139.191 98,535 3.389,215 139,191 Al 31 August 2024 3,429,871 98,535 3,528,406 Corrylng amount At 31 August 2024 3.583.674 3.583.674 Al 31 August 2023 3,722,865 3,722,865 Included in land and buildings is land valued at £54.00012023'. £54.0) which 16 not depCIated Flnon¢l41 In•trum•nts 2024 2023 Carrylng amount ol Ilnanclal as8el• Instruments measured at lair value through profit or loss 560,498 50,268 Carrylng amount of Ilnanclal Ilabllltl&• Measured al lair value Ihrou9h profil or loss Other financAal liabilities 15.4001 18,6001 Debtor• 2024 2023 Amounts falllng due wbthln one year: Prepayments and accrued income 26.486 28.486 10 Credltors.. amounts falllng due wbthln one year 2024 2023 Sale prOed$ (Liverpoo Accruals and deferred income 951.759 5,400 6,600 957.159 8.600 12_
ENGLISH PROVINCE OF THE BROTHERS OF CHRISTIAN INSTRUCTION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 11 Unr•strSetod funds The unrestricted fijnds of the charity comprise the unexpended balances of donations and grants which are not Subject lo specific condition5 by donors and grantors as to how they may be used. These include designated lunds whith ar05e from monies in St Franci5 Xavierf5 College and wll be used for projec15 spefiC to this school. At1 September 2023 Incomlng re8ource8 Resources At 31 August expended 2024 Designated- St Franus Xavierfs Colege Gener81 fvnds 21.S89 3,771.430 21,589 3,191,910 184.750 1764.2701 3,793.019 184.750 1764,2701 3.213,499 Provlou• y¥•r= Incomlng f•8our¢•8 R•sour¢•$ At 31 August *xpond•d 2023 S¥pt•mbtr 2022 D8signated- St Franus Xavierfs Colege General fvnds 21.589 4,312.176 21,589 3,771,430 39.743 1580,4891 4,333.765 39,743 1580,4891 3.793,019 12 Analy¥l¥ of net a¥set¥ between fund• Unrestrfcted Oeslgnatsd fund$ fund8 Total 2024 2024 2024 At 31 Auyust 2024= Tangible assets Current assetsllliabilrtiesl 3.583.674 {391,7641 3.583.674 1370,1751 21,589 3,191.910 21,589 3,213,499 13-
ENGLISH PROVINCE OF THE BROTHERS OF CHRISTIAN INSTRUCTION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 12 Analysis of net assets between funds (Continuedl Unr•strlet•d Dèslgnat•d fund8 fund8 Total 2023 2023 2023 At 31 August 2023: Tangible assets Current 8ssetsllliabilities 3.722.865 48.565 3.722,865 70.154 21.589 3.771.430 21.589 3.793,019 13 R•lat•d paity tran8aetlons As members of the order. the Tnjstees. living expenses during the year were bome by the Trust. but the Trustees did not receive any remuneration or other benefits in connection with their duties as trustees during the year. Living expenses were Infred at £77,01812023". £42,466) Th¥ salarie$ and pen$ion$ o¢eived by the Tw$l¢&$ of Sl Ffanos Xavi&f$ College amounting 10 £43,519 12023.. £39,742) were covenanted diredty lo EPBCI and fom) the main source of income ol the Charity. AS described in the Trustees Report on page 2 Ihe EPBCI is closety connected to 8chools, Charfton School in Southamplon and St Franrys Xavierfs College in Liverpool. an Academy. Charlton School as an indèpèndènt $chool. 1$ a $&par8tèty regi$ter¢d Ch8rity. From time lo tim¥ EPBCI h8$ made financial donations to Charlton School. Ounng Ihe year donations totalling £156,55412023." £214,520) were made to Chadton House School. 14_