INSTITUTE OF THE DAUGHTERS OF MARY HELPOF CHRISTIANS OTHERWISE SALESIAN SISTERS OFSTJOHN BOSCO IRegister¢d Charity Number: 2508881 (Charily Regisl¢r¢d ID Scoil8nd No SC039657) TRUSTEES, REPORT Af4D FINANCIALSTATEMENTS 31 DECEMBER 21122 HaysmacinEyre LLP Chart¢￿d Accountants Registered Auditor5 London INSTITUTF. OF THE DAUGHTERS OF MARY HELP OF CHRISTIANS OTHERWISF. SALESIAN SISTERS OFSTJOHN BOSCO TRUSTF,ES ANNUAL REPORT FOR THE YEAR F.IYDED31 DECEMBER 2022 The Trustees preseni their report and financial siaiemenis for the year ended 3 i ticccmber 2022. These have been prepared undei. the pi'ovision of the StaieiMeni of Recominended Practice for Charities (SORP 2015) (Second Edition, effective I Janllaiy 2019) and comply with all Maiuiory requirements and the charity's governing documerjt. REFERENCE AND ADMINISTRATIVE DETAILS I.'MA I TLlStees- Sister Palli￿ Clw* SbSter Breth Byrne Sister BenDdctt¢ Cassidy Stsler Anre frances McNamee Sister Gillmn M¢CJmbridge (Provincial Superior) {Provincial Vicar (Provincial Bursar & Councillor) (Councillor- finished 31 August 2022) {Coun¢illor- stsrfed I September 2022) Addres5.' 64 Dowhi115 Road Blundellsands Liverpool L23 8SP Tel.. 01519248212 Facebook= Salesian Sislers U K Cliarity Regisiraiion No.. 250888 Cliai'ily Reoisiered in SC039657 Scotland No.. Solicitors.. Wrtgkys Solictors LLP 19 Cookridge Sireet Leeds LS2 3AG Audiiors.. Haysmaciniyre LLP 10 Queen Sireei Place LA)ndon EC4R IAG Bankers.. Barclays Bank pl¢ Chertsey Branch Walton on Thames Group POBox193 8112 Church Sire Walton on Thame5 KT122YW Goveming Insirumeni= Trust Deed daied 7 Augusi 1962 and 6 Sepiember 1965. and as amended by Chariiy Commission Schemc daied l Augusi 1997 Objects- Such charitable purposes a5 shall advance the religious and other charitable work of the Province of the Society, which includes En¥and and Swt]and, as ihe TTusiees with the appToval of the Suttrior shall from tim¢ to lime, think fit. InvestTnent Powers.. Under the Trusi Deed the￿ are no limitations on the Trustees. power of investment. INSTITUTE OFTHE DAUGHTERS OF MARY HELP OF CHRISTIANS OTHERWISE SALESIAN SISTERS OF ST JOHN BOSCO TRUSTEES ANf4UAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 INTRODucfioN The charitable trust is conStit￿led by a Trust Deed dated 7 August 1962 and a Deed dated 6 September 1965 and ils principal object is io proinote the relsgiou5 and other charitable work in the Province, carried oui by the Society. the Institute of The Daughters of Mary Help of Christians (more familiarly known as "The Salesian Sisters of Si John Bosco" or "Salesian Sisters'y. A scheme dated l August 1998 widened the tern￿ of the Trust Deed to "shall advance the religious and other ¢haritabl¢ work of the Province of the Society which includes Englan￿. The Institute of the Daughters of Mary Help of Christians is an int¢rn4tional religious congregaiion of Roman Catholic women govern¢d by its own Constitutions. Worldwide il counts 11.535 members and is divided into 74 provinces. The Sisters Serve in 1,363 Communities across 97 Nations. Sillce its foundation in 1872 it has been engaged in r¢ligiou5 and other charitable work, particularly education and the development of the young. its Generalate is located in Rome. The accounts accompanying ihis report are the attount5 of the charitable trust under which the assets of the In5tilute in the Province are held. The Sisters are trained as members of th¢ Institute. They receive ihe fijnher education #nd training necessary to become professionally qualified to take part in the activities of the Pmvince and are also given the OPF%)nunity to keep abreast of developments in their parti¢ular field of activity and io broaden their experience in both the religious and secular spheres. INVESTMENTS Per our inve5tJnenl Tnanagers, few investors will be sorry to see the end of 2022, with both bond and equity markets delivering Ineaningful negative returns. In a year which saw the US S&P 500 equity index fall by almost 20¥￿ the portfolio found little protection fvotn other a55ets, with for example. global govemment bonds falling by almost as Inuch. Rus5ia'5 invasion of Ukraine had far-reaching consequences. The resultant energy crisis and broader supply chain issues exacerbated pricin8 pressures that were already evident acros5 the g]obe, whilst the higher interest rates requir¢d to ta¢kle spiralling inflation proved a toxic combination which has led to falling global growth forecasts for 2023. The portfolio has produced annualised returns in exce55 of 6YD per annum. net of fee5, since inception and we remain eautlOU51y optimistic for 2023 and beyond as indications, a5 early a5 they Inay be. are encouraging and there 15 Optimism that the worst of market declines are behind us. The Sisters consider that the charity will continuc as a going Concern for at least one year after the date of Signing the accounts. INSTITUTF. OFTHE DAUGHTF.RS OF MARY HF.LPOF CHRISTIANS OTHF.RWISE SALESIAN SISTF.RS OF STJOHN BOSCO TRUSTF.ES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 STRUCTURE. GOVERNAf4CE AND MANAGEMENT In iei'ms of Canon Law the Superior GerteTal and her Council, who reside in Rome. govern the Inslilute at an International Icvcl.-I'hey #re eltcied every six yeats ai a General Chapier- a ￿￿etIng of represeniaiives froin every Province. 'I'he Provincial aDd her Council govem the UK Province. Th¢ Provincial is appoinied. for a peri¢)d of Six years. by the Siip¢i'ior General aT￿ lier Council. after consulwion with the meinbers ofihe Province. 'I"lie Provincial appoints the Provincial Bursar, the Provincial Secrerary and Council ineinbers aftcT consullaiion with the .8isters of the Province. The General Council confiitns the appoiniinen¢% which are for a maximum of three tenns of th￿¢ years for councillors and four terms of three years for the bursar and 5ccretary. lThe Provincial Council Ineeis Inonihly. Any new appointees are fully briefed on the aitns and objeciives of ihe Charity and receive infortna(ion and training if required as io their responsibilities as a Truslee. 'rhe day to day managemerti of the charity's activitie5 #nd the implementation of policies are delegxted to appropriate mcinbers of the Province. There were seven Communitie& until October 2022. but these are now rcduced to six due to ihe ageing of Sisters and lack of personnel. Each coinmuniiy 15 led by a Con)ii)uniiy Leader who 15 appoi5bted by the Provincial nd hcr Council, the appointmeni being confirmed by the General Council. 'Iherc is also appointed bursar in each community. She is responsible for ih¢ administraiion of the house in collaboraiion wilh the Commiinity Leader and sends a copy of ihe main accounts to the Provincial Bursar each Inonth. At the end of the year the Inain points of these accounts pre included wilh ihe Province ac¢owJts and sent io ihe General Bursar in Rome. Tlie Provinci￿ is required to visit each coinmuniiy ai leasl once a year. During the year there is a systein of accountability which operates rhroughout the ProVi￿e so that Ihe PID￿nCIal Council is kept aware of the progress and dev¢lopm¢nt of the Illlnlstries in which the Sisters of the Province ate engaged. The Superior G¢n¢ral or her representative officially ￿sits the Province every six years. In terms of Civil Law the Charity. registered number 250888, is govemed by a Trust deed dated 7 Augusi 1962. amended in 1965 and 1998. The l-rustees, who are all membeTS of the Charity and of Ihe Provincial Council (kpart froin the Provincial Bursar who is a Trustee by virtue of her office), are appointed by the Provincial who 15 also a T￿51¢¢. Four ineinbers of ihe Provincia] Council are Trustres and Directors of the ¢usi￿lIan ITUStee company, FMA Tiustee5 Ltd (Company number 854256). which 15 wholly owned, on a non-beneficial basis, by membets of the Instituie. As members of the Institute, the Tru5te¢s are aware of the way the ¢harity is administered. With rhe help of professional advisers and through altendan¢¢ at seminars and conferences they update their knowledge of charity law and it5 requlretnents. INSTITUTE OF THE DAUGHTERS OF MARY HELP OF CHRi¥fiAf4S OTHERWISE SALESIAN SISTERS OF ST JOHN BOSCO TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER2022 SAfegu4rding "Jn response to the needs of Children. Young People and Adulis at RiskNuln¢rdble Adults in today's society, we, the Daughters, of Mary Help of Christians (Salesian Siste¥s) in Great Briiain, commit ourselves io providing a safe and caring environinent where all those with whom we work are encouraged to d¢velop their full poteniial as individua15 created in the likeness of God." (FMA Safrguarding Policy) One Sister is the Safeguarding Lead for the Province in England and rhe Safeguarding Link in Scotland. The Safeguarding Lead liaise5 With and is 5UPPOrted by ihe Provincial. She algo liaises with ihe Safeguardin8 departm¢nts of the Glasgow and Motherwell Dio¢e5¢ and with the newly established RLSS and CSSA in England Since September 2020, the Safeguarding t£ad and the Provincial have attended various webinprs for the newly estsblished RLSS and CSSA in England. The Safeguarding Lead, in person. and ihe Piovineial, on-line. attended a day for Scotland entitled "Walking Together in Safeguarding" The Safeguarding tAd has also ensured that all the Sisters, employees, and YolunteeTS', DBS and PVG forms are up to date. The Policy is undergoing its review, following the final recommendation of the IICSA and Elliott Repons. The Safeguarding Lead and the Provincial have continued to attend a series of zooms over the p8st year to follow the new process and have shared all of this with the Provinrial Council for discussion and decision making. All members of the Piovin¢i)I Counoil have coinpleied an on-line safeguarding trnining with the NSPCC &5 Trustees. As our Province has coinmunities in England and Scotland. Ihe Safeguarding Lead keeps up io dale with the safeguarding laws and procedures for each nation. The general updaiing and training of the Province took place ai the Provincial Assembly in July 2022. In ihe coming ye8r, the Safeguarding lkad will visit all the communities to train thein in the Standards and the Audit process Risk Manggern¢Dt The Trustee5 have a55cssed the major risks to which the charity is exposed, in particular ihose relating to the operation and finances of the Trust, and are satisfied thai systems are in place io mitigate exposure io major risks. The Trustees review the Provincial Risk Assessment Policy twice a year. Ir is addressed in the Provincial Aciion Plan and tnonitored regularly. The effects that Covid-19 has had on the charity a￿ dealt with in a separdle seciion laier in ihis report. Th¢ Trustees have identified three areas of concem. The Trustees are aware of the a8ein8 profilc of the membership and are tsking positive steps lo address this. The performance of the inyestmenl portfolios is monilored on a monthly basis. Twice a y¢ar the Portfolio Managers attend a Trustees, Meetin8 10 addres5 any concerns and to advise us on maximising our income. Our property agents survey all our properties every two years and make recoinmendations in res￿¢1 of maintenance. This ha5 not happened this year because of Covid-19 and the Business Manager is working closely wilh communities on essential Jnaintenance. All propertie5 will be surveyed in Spring of 2023. In view of the changing face of ihe PTovinct, the surveyin8 of all properties will lake place in 2023. Public Benefit In setting the charity's objectives. the Trusttt5 have given due consideration to the Charity Commission's guidance on public benefit. How the charity fulfils this obligation is covered in the sections below. Provincial Leadership Throughout the year. Sisters and C￿WOrkerS share the responsibility of carying forward the Vision and Mission of the Province. Our Mission is grouped into area5.' Youth Pasioral. Fomiation, S(Kial Communications. Missions, Safeguarding and Salesian Family. Following our Genernl Chapter and ihe Provincial Assembly in July, we are continuing a process of evaluating how we deliver this to the Province. Key Management Personnel The key Inanagement personnel are the Provin¢ial, Provincial Secretary and thE Provincial Bursar. These mcinber5 forego remuneration for the benefit of the charity. As a result there is no policy for setting pay. Salarie5 are renewed annually for the 44" Staff employed. INSTITUTE OF THE DAUGHTERS OF MARY HELP OFCHRISTIANS OTHERWISE SALESIAN SISTERS OF ST JOHN BOSCO TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED JI DECEMBER 2022 FMA Provincial Vision 2D21-2027 '-Wiih Moly. be o Life-Giving Piesence" Ai ihe Heori of Toda) s Wth.Id Clixrity's Objects 'Ihe Charity's objects are such charitsble purposes as shall advance the Teligiou5 and otheT charitable work of ihe PIDvin¢e of the Society. which includes England and Scotland, as ihe Trnsiees with ihe approval of the Supertor shall from tiii)c io iiin¢, think fit. Objtetives, Strategies and Activities The charity'5 principal aclivities are io: Prnvide education especi8lly for di58dY•n(#ged young people 2. Relieve poverty Provide human resourees. building and servlees to loefil charitie5 Support and provide for its membe Grants Policy 'rhe charity is not a grant Jnaking ¢hprity. but makes some grants solely to it$ 8ssociatrd Charity {VIDES}. INSTITUTE OF THE DAUGHTERS OF MARY HELP OFCHRisfiANS OTHERWISE SALESIAN SISTERS OF ST JOHN BOSCO TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER2022 ACHIEVEMENTS AND PERFORMANCE FOR PUBLIC BENEFIT DURING THE YEAR1021 * SUPPORTING MEMBERS OFTHE PROVINCE In the year to 31 D¢¢¢mber 2022. the Salesian Sisters continued tt5 5UPPOrt the members of the Institute in the Province of GTeat Britain. The number of Sisters in ihe Province at 3 1 December 2022 wa5 39 (2021.. 39). Of ihes¢ 3 are 41- 50- 2 ore 51 60.. 4 are 61- 70. 1 l are 71- 80- 1 O are 81 . 90 and 7 ar¢ over 90 years. The avernge age is 75.4 y¢ar5. 12 io EINO. 01 41.50 51-60 61-70 71-80 81-9) 91-1fy) In common with rnany religious orders. the Sister5 are growing older and new memben are few. Th¢ Province ha5 moral and legal obligation5 to provide for its members. who do not have resources of their own. having Covenanted their income io the Charity. They have all spent a significant part of their liv¢s working with the young and the disadvaniaged. As the Sisters become older. the cost of caring for them increases. Our house in Cowley is designaied for the care of the sick and elderly and is managcd by St John of God Hospitaller Services, with ￿ll-tiMe employed carers. Some Sister5 are still being cared for in their local communities. Over the coming years the Trustees expe¢1 more Sisters to need specialised care. This will have an impact on the work, property requirements and finances of the Province. During the year the Trustees have given considerdiion io this situation, and the retirement fund is being built up to provide for the fuiure. There is ongoing work on propenies in order io make them more suitable for our a8eing cointnunities and the needs of the Mission. The Trustees aim to enable Si5t¢rs to continue with their ministries. living in community houses as long as possible. INSTITUT£ OFTHE DAUGHTERS OF MARY HELP OF CHRISTIANS OTHERWISE SALESIAN SISTERS OFSTJOHf4 BOSCO TRUSTF.F,S ANNUAL RF.PORT FOR THE YEAR ENDED 31 DECEMBER 2022 F.ducatioll- formal and inform41 Education and developmen( especially of disadvaniaged young people. have always been Ihe rnain objectives of the Sa1¢5ian SisieTS. Due to ihe changes in fomial education. the declining nutnbets joining the Province and the ageing of our pttsen( membership. the Sa1¢5ian Si5ter5 changed the inode of their involvejnent in both secondary and primary schoDls. as cl￿￿1￿51a￿Ce5 rrquired. One Si5tei continues to teach in a Catholic Inaintained school, where she is able to ejnphasise the Christian. Catholic message. One Sister WOTks as a youth W0￿er and anothcr as a ¢￿Inse110r & play ih¢rdPiSt. Three SisLers are school governors. After many yea einployed in 5choo15, several Sisters work in a voluntary capacity in schools. We are following the development of the Religious Orders in E￿￿￿tION discussions with particular interest in the corhtinuation of oui. charism within the sehool of which we are tn￿tee& Apart from schools we continue our educaiive mtssion to children and young people in non-formal ¢ducation in various projects adapied 10 the needs of young Feople today. We continue io work in youth club& parish cat¢ch¢tics, volunieering and Inusic Ininisiry. There is growing involvemeni in parish and dioccsan minimry. 'I'hc Sisiers are aciively engaged wilh young pcople ar]d oihers in the following loc*ions: Battersea, Beckenhain. Bliindellsands. Cowley, Croxicih, Eastcrhouse and Newlands. LET oiiir LIVE5 SPEAK BATTERSEA, LONDof4 In B8tttrsea. since ihe refurbishment of ihe propErfy, the Mtssion of Hospitality ha5 developed at a very notable rate. AecoIninodaiion is now provided for sttmlents (young adults and FMA) 10 BATTERSEA, LONDON In B&ttersca, since the refurbishtnent of the propet1y. Ihe Mission of Hospilalily has developed ai a very noiable rate. Ac¢oininodation 15 noiv provided for Sludenrs (young adiilts and FMA) to come and ￿udY/1earn English. Several Sist¢rs havE also availed of the opportunity io use the house for priv￿¢ retreats. We have given the opportunity for about 12 sisiers to enjoy retreats. holidays or btzaks. In solidarity with our international instilute thi5 community welcomes and supwrts our Sisters who come io ihis country to ItAm English. One Sister is a Parish Caiechisi for Firsi Holy Communion5 and a Yisiling Eucharistic & Minister Reader in the Parish. One Sister is the Local Delegate for the Sireatham Co-opeTator5. INSTITUTE OF THE DAUGHTERS OF MARY HELP OF CHRISTIANS OTHERWISE SALESIAN SISTERS OFSTJOHN BOSCO TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER2022 BECKENHAM, Lof4DON The tnain Mi55ion of th¢ Community is Providing a home for desiituie AsyluTn seeking women. This year there were four, one frotn the Democratic Republic of Congo. one from Burkina Faso one from the Ivory Coast and one from Ghana. However, in July, after consultation and di%ussion. it was decided to close the proj¢¢t due to a shortage of personnel. Ai this point two of the women had received leave to remain in the UK. The project and the Community closed in October 2022 but we continue to offer some financial support to the Housing j￿￿1¢t Charity. BLUNDELLSANDS, LIVERPOOL Thi5 IS the Provincial House. The administration of the Province is conducted here. One Sister continued to work on the organisation of the Archiwdl Centre until July 2022. This property allows for Provincial gatherings and a place for holidays and breaks for our Si5ter5, family. friends and oihers. The Mission of thss ComTnunity is also hospiialiry. One Sister is a member of the Governing Body of St John Bosco Art5 College. One Sister works voluntarily in All Saints Catholie Primary Sehool, Bootle and is a catechist and support worker in the local parish of St. Joseph. Since September 2022, one Sisier volunteers one day a week at the I￿naellS Centre for Spiriiuality and Outreach in Waierloo. • COWLEY. OXFORD Two Sisters volunteer ID Our Lady's RC Primary School. The 5talf and pupils visit Éhe house regularly for pastoral and spiritual supporL and support the Youth Club. One Sister is the link for Salesian Schoo15 NetworL One Sis¢¢r continues to Volunteer in Grey Friars Secondary School. One Sister was a Governor at Our Lady's RC Primary &hool until August 2022. One Sister is the local Delegate for the Co-operatOT5' Group. Thi5 is the Community where our sick and elderly Sisiers receive appropriaie care. It is siaffed with a team of ¢arers who are now employed and managed by Si John of God Hospitaller Services. The level and qualiry of the servi¢¢ provided hps ￿ert outstanding and had a Significant impact, not only our staff, but on the lives of our sisiers. The Morne5e Centre which, wilh ihe help of benefactors, the Sisters had built on their land is used tEgularly for # nuTnb¢r of activitie5 which benefit the local community. These include, ajnong oth¢r5. Junior Youih Club and Marriage Encounter. Th¢ facilities are also used by the school for conferentts. medings and retreai days. The Centre Ès run by its own rommitt¢¢ with two Sisters a5 mejnbers. INSTITUTE OFTHE DAUGHTERS OF MARY HF.LP OF CHRISTIANS OTHERWISE SALESIAN SISTERS OF ST JOHN BOSCO TRUSTEES ANNUAL REPORT FOR THE YEAR ENDEDJI DECEMBER 2022 S CROXTETH. LIVERPOOL St John Bosco Arts College. Croxtelh is a Catholic Voluntary Aided Girl$. Comprehensive School in a deprived area of the city. The Salesian Sisiers are the Trusiee& owning the land and buildings. A new building, which Ineeis current need5. was officially opened in July 2015. The number on roll is ¢UTreT]ily 1.078. -1 hc school has a lay head teacher. One Sister is employed in the Sch￿[, on a part lime basis. as a Youih WorkeT. Our Youth Work¢r offers onttoing pasioral support to pupils boih on a One-1￿0￿¢ and group sdting basi& One Sistei is un the GDvernins 13ody ofthe Arts College. Onc Si5tei' is einployed in the Laura Vicuna Ccntrc of rhc College where she gives one-to-one support to 5tuden15 Wlth 50rial and einotional needs. She has completed her diploina and is a qualified Play and Creative Arts Therapist which she offe[5 10 the studenrs as well as Counselling. One Si51eT is a member of the Parish Council at Our lady Queen of Mai1yis. L CCYVe}-, ot &hL book i ()IlL Sister is a Parish Catechi5t for Confirniation. One s15ter teaches guithr jiiiII ILads tlie music group in the loeal parish. ()iie 8isl¢r works on a voluntary basis in a local communiry cenire and .4IIILi bcplcinber one sister works on a voluniary basis ai spirituality centre. Oiie %i5ter was reswjnsible for ihe Provincial Archives until July 2022. I'.rom September 2022 one sister is the Provincial Bursar. One Sisier is the Youth Ministry Co-(Ydinator for the Province. VIDES UK has its office and ineeting roo7￿ in Ihe community house. A Sisier 15 th¢ trustee and work5 Wlthout ieinuneratLOn. Another Sister 15 on the Executive Cominiiiee. lis activllies inclthje youth leadership trainiTh& running holiday schemes in needy areas in Britain and short and long-ierm voluntsry work overs¢as. VIDES Voluntee￿ froin the UK and abroad coine to live and worK sharing in community life a5 pan of the OUtr¢￿h Development Team. The Ctsinmunity offers hospitality for niany tneetings and events throughout the year. One Sister visits different nursing homes in the local area to take Coinmunion and visit the sick. 10 INSTITUTE OF THE DAUGHTERS OF MARY HELP OFCHRISTJAf4S OTHERWISE SALESIAN SISTERS OF ST JOHN BOSCO TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 + EASTERHOUSE, SCOTLAP4D One Sister taught part-time in a local primary school supporting immigfdnt children in language skills unlil the end of June 2022. One Sister is a delegate for the local C￿OPeratorS group. One Sister co-ordinates th¢ appea15 for our Missions in Englandlwales and Scotland. One Sister volunteers in a I￿al PTimary school. Si Benedict. One Sister gives a short talk on social media every week and 15 also ihe local delegate for the co-operatQTS group in Milton. Glasgow One Sister is the Provincial delegate for the Cts&operators. Froim September 2022. the Sisters of the URSpace project re-located io this cotnmunity but ¢ontinue to operate URSpace froin Newland5. Thi5 Mission consists of outreach work io schools. parishe5 and youih groups to provide opportunities for the young people io explore and deepen their faith and training for the volunteers in Salesian Spirituality and youth work skills. From September 2022. one Sister is responsible for our Provincial Social Network site& a Inember of Salesian Schoo15 Team and a member of Vocations Scotland Team. One Sister joined the community September 2022 and she is part of the English Translation Group for our ¢ongregation. One Sister joined the community in November 2022 wilh the 5pecifJc remil of contacting the local s¢hoo15 to find openings to do some clinical hours and to explore possibilities for her work a5 a counsellor for teenagers when She has completed her diploma. This Sister i5 also involved in local rni5sion to the young people. One Sisler 15 an active member of several national and international academic forums dealing wilh the history of women in religious and is working on the publication of the early history of the Daughiers of Mary Help of Chrisiions (Salesian Sisters} in Britain and Ireland. * NEWLANDS, GLASGOW The mission of this community is "The UR Space Projecff. Sistcrs and Volunteers fonn the Community and are fully involved in this. This Mission consists of outreach work io schools. parishes and yourh groups io provide opportunities for the young people io explore and dttpen their faiih and traini￿rr for ihe volunteers in Salesian Spirituality and youth skills. One S]￿er is reswnsible for our Provincial Social Network sites. One Sister is a member of Salesian Schools Team. One Sister is our representative for CRS (Conference of Religious in Scorland). One Sister is Provincial Burw. One Sister is a tnember of Vocations Scotland Tearn Froin June 2022, the Newlands comTnunity hosted a Ukrainian family (Mum. Dad and thr¢¢ Ghildr¢n) through the Government Homes for Ukrainian5 Project. rTom SepteM￿r 2022. the coinmunity joined the FAsiethouse cominuniiy and ihe URSpace projeci continued to Use Newlands as a base for their resources aTKI planning work. INSTI"I'VTE OFTHE DAUGHTERS OF MARY HELP OF CHRISTIANS OTHF.RWISE SALESIAN SISTERS OFSTJOHN BOSCO TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED31 DECEMBER 2022 SUPPORT FOR WORK OVERSEAS As part of all international institute. the British Province has many link5 overse85. Durini riiiaiicial support to our nominated Missions in Congo, Haiti, Eihiopia & Kenyd. this year the Province hps sent Vai'ioiis activities were organised through the centres in Britain in support of the insiilule's work abroad. Donations were ieccived and passed on through the Centrnl Office irt Rome ihus avoiding administraiive cosis. Tlie coimmunities also welcome yoiing women from abroad who COTne to Study English. * PROPERTY As a suppon ro Catholic eduelltion, the Province has made available school buildings and land at Itttle or no rent at Cowley and Croxteth. * UK VISAS AND IMMIGRATION- HOME OFFICE Wc, the Daughters of Mary Help of Christians (Salesian Sislcts), ale licensed with the above Authority for Tier 2 and TieT 5. 'riii5 means we can sw)nsor Religious Workers and Charity WoTkers from outside the UK. Applications for ihe appTopriJte Cc11ifica(es of Sponsorship will be Inade for Voluntee[5 and Kcligious Workers wishing to come to Ihc UK whilst living in oiic of oui. Coinmuniiies. We have also achieved Scltled Staiiis for all the European siste￿ within our PTOVillCe. In Janiuiry 2022, Sr Rosalie Mulomb relurncd to her Communiiy in the Congo after her Visa expired. She failed to pass her l.'ngJlish examination to come back to the Province on Tier 2. Sincc then, the Beckenham Community ha5 closed which means (hal Sr Rosalie will not return but will work in her own Provincc_ oil GOSC 12 INSTII'UTF. OF THF. DAUGHTERS OF MARY HELP OF CHRISI'IANS OTHF.RWISE SALESIAN SISTERS OF ST JOHN BOSCO TRVSTF,F,S ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 PROJECTS & CHARITIES SUPPORTED BY SALESIAN SISTERS VIDES UK Riglstrr￿ citrfly Ili fllW76 VIDCS UK has, al its heart, the training and development of volunleers (17-) to woJ* wilh children and young people ai hoiiie and abroad. It offers a variety of different Salesian Projccts. The volunieets work in areas of social disadvatltage and high uneinplo)qncnt. Throiigh VIDES Hangoul. training and fonnaiion also offered io Young Leaders (age 14-16}. This year VIDES UK began a new Projcct "Anima" This is a wttk-long residential project which offets leadct3hip training (0 pot¢ntial new volunteers. Sr AnneFrdnces M¢Nwn¢e is a dire¢tor of VIDES. j Space.... I IK %i)acc is a Salesian Outreach Projeci set up by rhe Salesian SisteTS, offering Gap Year Studcn15 {17+) the Frf)5sibilily to live iii ts .%iilesian Chrisiian Coinmunity and wotk wilh children and young people to explore aNI deeFtn their faith. Young people iirL til ilic lieart of thi5 project and the trdining and forjnation of the Volunlttrs is cenrral io ihe inission of this Gap Yeai. ¢.NIILricnc¢. Ili'iki'nhlliii Project: Ho.sting Destitute Asi Iiim Seekers '[ hc Bcckenhatn Project was set up in respLknse to ihe refugee and immigration crisis thaE swept across l.-iimpe. The vision of Ihi5 new Fiiigsitsn is to create a hoine together tt) welcome. sUPPOrt and accompany destilute refugee woinen thi'oLigh our Sal¢sian Presence. They will do that by-. being open to difference and respecting one anotller working collabordtively with Housing Justice and other Agencies supporting Asylum Seeke making time to pray, reflect and revisil the vision and mission Afier Iniich prayer and rcfleclion discemmeni. it was decided that we could no longer sustain this project. Thts was a difficult deLi%ion to Inake. Thc Beckenham project finished in October 2022 due to lack of personnel. We are continuing to 5ILPFX)rt two ofihL l¢idiL% via Housing Justice. Assof iation of Salesian Co•operators The Association of Salesion Co-operaiors is comFwd of men and women who follow the spirit of the founder of the Salesian movement, St. John Bo%0. sharing wilh ihe Salesian Faihers and the Salesian Sisiers the saine charism within the Church. They work particularly for the good of young people, helping io build up rhe coininiinity in their local areas, working in the mission of the Sisters wherever possible. Many work in schools. parishes and ou(reach projects, Inaking a real impaci on ihe lives of the poor and especially of poor and disadvantaged children and young people with a particular focus on the family. In each Centre. originally establish¢d by the Salesian Sisters, Sister is ar4)oinled as the Delegaie. atiends their meetinJo and off¢r5 Qngoing FoTmation. 14 INSTITUTE OF THE DAUGHTERS OF MARY HELP OFCHRisfiANS OTHERWISE SALESIAN SISTERS OF STJOHN BOSCO TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 SPOTLIGHT As a charity supported by the Salesian Sisiets and wilh l FMA as Director, VIDES UK has ai its heart the training and development of volunieeT3 {17+) to work with ¢hildren and young people ai hoine and abroad. It offers a variety of different Salesian Projects. Over the lasi few years VIDES UK ha5 aiined to provide focused training and opportunities for development for young people who welt not yet 17. In 2017. VIDES UK IAun¢hed a new project within our organisation called H8ngout. The project was designed to spot young people who had huge wTrtential of being great youth leaders. bui were not yet old enough io volunteer on our camps and projects. Since then. we have been looking out for young people on our projects who display all the qualities it lakes to be a dedicated VIDES volunteei and have successfijlly recruited and retained many young l¢ader5 who have progressed ihrough our young leader prograinme and now take leading roles within our projects as VIDES volunteer5. We know that we have great link5 With schools and communiry leaders across the UK and wanted to rea¢h out a little further to find fantastic young people who would blossom given rhe opportunity tts try 50m¢thing new and be given an active experience of the role of a volunte¢r. 2022 Saw the launch of VIDES Anima - new project designed to give young people. aged 13-16, a platfomi to shine as young leaders. An1rn￿ meaning 'soul'. is our new approach in tackling important Issues ihat our young people face in the world today. One of the fvndamental aims wiihin VIDES is io ￿e] a generation of change. We believe each young person is a protagonist in their own story and want LO give them the iool$ they need to become Aciive Citizens. making changes within their Coininunities that will benefii the wider world and our global family. Anima was a week-long residenlial project which ran twice (April and August) in 2022. Young people from around the UK eaTn¢ together in Penirenani Hall. Wales and participated in workshop5 in the areas of Plastic Pollulion, Safe Water, Climate Change and Yourh Mental Health. This led to the young people ¢reating their own campaigns for change linked to the topics they felt most passionate about. They shared these caTnpaigns ID their I¢Kal schools. through VIDES UK'S Social Media and by delivering speeche4 drnmas and song5 to our invited panel of Salesian Sisters. The young people also had many opportuniiie5 to Ineet cultui'al, geogrdphical and social diversity 85 they worked on groups with other young people from around the UK- they parti¢ipated in organised recreations and i¢am game5. They were also encouraged to own iheir own leadership in many ways, from participating in the proje¢t evaluation to eleciing our very first VIDES Youth Council made up of young people who pthicipaied in both wttks of AniTna. Thi5 Youth Council represent5 all the young people involved in VIDES projects and act as an advisory group 10 our ieam in ord¢r to ensure what we prepare and deliver to our young people stays currenl, fresh and relevant. Anima has been a great addiiion io thE work of VIDES UK and ihe many young people who are involved give us great hope for the future of the charity and the Salesian charism. 15 INSTITUTE OF THE DAUGHTF.RS OF MARY HELP OF CHRISTIANS OTHERWISE SALESIAf4 SISTERS OF STJOHN BOSCO TIIIJSTF.ES ANNUAL REPORT FOR THF. YF.AR ENDF.D JI DECEMBER 2022 Mother Cbiar2's Visit lo the Province 23 Oetober- 2 November 2022 Moih¢r Chiara Ca7ZLioIa, Superior General of tlie FMA Salesian Sisters caTn¢ to visit the Province and be with tlie SistCl'5 at this tiine of needed chang¢ of our COTnmuniti¢s and missioii. The chaiige is to help us resix)nd to the nced5 of yoiing people today. This was h¢r first visit to the UK aiid diiriiig tlicse days she visitcd each coinn)uiiity. Motlicr Chiara was abl¢ lo spciid iiin¢ with e8ch sistei. aiid li) Ineel witl) soiiie of our cTrivorkers. .{> 16 INSTITUTE OF THE DAUGHTERS OF MARY HELP OF CHRisfiANS OTHERWISE SALESIAN SISTERS OF ST JOHf4 BOSCO TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 21122 FINANCIAL REVIEW The charity income of £881,698 in 2022 (2021.. £869.748) and expenditure of £1.444,795 (2021.. £1,323.969) resulted in net expenditure before net gains on inv¢stmerLts in the year of £563.097 (2021.. £454221)- Fin8ncial Dependenee The Institute underpin5 the finances of the Province. Dllrin8 th¢ y¢ar the Sisters have received some small sums from benefactors for their work. Unless the donor states a 5pe¢ifi use for such offerings they are credited to the General Fund to enable the Sister% as part of their commitment io edu¢ation. to sub5idi5e educative eveft￿ with related travel and accommodation COS￿ for young people. The Charity has links with VIDES UK which w&$ set up by th¢ Salesiav Sisters. The Trusiees of the Salesian Sisters do not form the Inajority of Trustees of this Charity. which 1$ not in the direct control of the Salesian Sisters. The Charity made an annual donation ro VIDES UK of £lO.000. YIDES UK - Charity number 1166876 - promoles training and development of young people for voluntary service at home and abroad. VIDES UK incorponted as VIDES UK (CIO) on l July 2017. Reserves Poli¢y At 31 December 2022 the Charity'5 net assets slood ai £12.92m (2021". £14.2m). Of thi& £7.12m {2021-. £7.30in) represents properties and related Capital cominilinents Tequired for Ihe coniinuing work of the charity. These cannoi be realised without undermining the chaiily's activities and a designated fund exists to refleci (his requireJn¢nt. Funds of some £5.69m (2021.. £6.85m} have also been designated in respect of the charity's on-going comJnitment to provide for the care of the Congregation's tneinbers. The Truslees estimate thai a fvnd in excess of this sum will be required io provide fully for meInbers. We are keeping in mind that the recominended amount needed in reserve for each Sister is in the region of £125,000, increasing to £225,000 if residential or nursing care is requlred. The balance in General funds is £Nil12021.' nil). The sisters continually tnonitor financial perfomiance and will draw down on designated fiJnd5 to fund ongoing expenditure if regular income 5treatns are insufficient in ihe shon tenn. The Trustees will continue to look to way5 to build up its general funds in fulure years. Investrnent Powers, Policy and Performanet In accordance with ihe tr115t deed, the Trusiees have ihe Ex>wer to invesl in Such stoc￿ shares, investinents and property in the UK as they See fit. They have also allocated sums to an internal retirement ￿nd placed wilh Barclays Wealth. This fund amounted to £6.33m on 31 D￿¢inber 2022, a decrease of IOQ/o during the year. Given the level of risk ihe Trust¢¢5 ar¢ willing to undertake; the retum5 are satisfactory when compared to market movements. FUTURE PLANS AND COMMITMENTS > Re5truciuring our communities to maxirni5e potential for life giving mission to th¢ young > Maintenance and modification of our properties for ow mission to the young Grant5 to Associated Charities Car and equipment replacements Sabbaticalltraining for mission > Formation of meinbers > Development of Youth Pastoral Ministry Impleinentstion of the XXIV General Chayer 17 INSTII'UTE OF THE DAUGHTERS OF MARY HELP OF CHRISTIANS OTHF.RWISE SALESIAN SISTERS OF STJOHN BOSCO TRUSTFF,S ANNUAL REPORT FOR THI YEAR ENDED 31 DECEMBER 2022 FUNDRAISIIYG -rhe chaiiiy manages its own fvndraising actiyilies and does noi employ ihe services of prof¢5sional fundrai5eTS. We do not ¢ncJdue in cold-callin& d¢)or lo door or street fundraisin& The chariiy is therefore not JEgistered with the Fundixising Eiegulaior. No coinplaints a￿ul fundraising activities have been received during the year. The charity has TK>liches in place to protect vuliicrablc donor5. Tlie trustees are ol'the opinion thai the charity's overall fvndraising t*rformantt was good and was conducted in fully a¢cordance with ￿le above principles. STATEMENT OF TRUSTEES RESPONSIBILITIES The Trustees are responsible for preparing the Trustees, Annual Report and thc financial 5tatcments in accordance with applieable law and United Kingdom Accountrng Standards (United Kingdom Generally Acc¢pt¢d Accounting Practice). -I'he law applicable to charitie5 in England and Wales requires the Trusiees of ihc Charity to prepare financial statements for C(Ich financial year which give a true and fair view of the state of affairs of the charily and of Ihc incoming resources and ,Ipplication of resource5 of the charity for that period. In preparing those financial statetnen15. Ihe I tustees are required io- sclcct siiit2ble accounting policies and thcn apply (hem consi5tenily obscrvc the methods and principles in (he Chariiics SORP iiiake judgements and esiimaies that are reasonable prudent 51atc whether applicable accouniing siandard5 have been followed, subjert to any maierial departures dis¢10s¢d and cxplained in ihe financi81 ststements prepare the financial statements on the going concem basis unless li is inapwopriaie to assume that this basis applies. 'I'hc 'frustees are re5pon5iblc for keeping proper occouniing records which di￿105¢ with reasonable accuracy, ar any iiine. the riiiancial posiiion of the charity and to enable them io ensurc thai I1￿ finan¢ial siaiement5 comply with the Charities Act 2011, Ilie Charily (A¢counts and reports) Regulations 2008 and witli the Tru51 Deeds dated 7 August 1962 and 6 Septeinber 1965. .1 hey are 815a responsible for safeguarding ihe assets of the Charity and hence foi taking reasonable steps for the prevention and d¢l¢¢tioi) of fraud and oiher irregiilAriries. AppTovcd by (￿.'[nIst￿5 on 2 June 2023 atKI signed on their behalf by.. T 14ernadcllL cassidy 'rriisiee 18 INDEPENDENT AUDITORS, REPORT TO THE TRUSTEES OF SALESIAN SISTERS OF ST JOHN BOSCO Opinio We have audited the financial statements of Sa1¢5i&n Sisters of St John Bosco for ihe year ended 31 December 2022 which Comprise the Statement of Financial Activities, the Balance Sheet. the Statement of Cash Flows and notes to the financial siatements, including a sumtn2ry of significant accounting policies. The financial re￿rting frdmework that has b¢en applied in their preparation is applicable law and United Kingdom Accouniing S(andard4 including Financial Reportillg Standard 102 The Finapjcial Repoi'iing Siandurd opplicf3blÉ in ihe UK and Republic of Ireland (United Kingdom Generally A¢cepted A¢¢ounting Practice). In our opinion, the financial 5tatements- give a Erne and fair view of the state of the charity's affair5 a5 at 31 December 2022 and of the charity's net movement in funds for the year then ended- have been properly prepared in accordance with United Kingdom Genernlly Accepted A¢¢ounting PrdCti¢e,' and have been prepared in accordance with the requirements of the Charities Act 2011 and the Charities and Trustee Investment (Scotland) Art 2005 and regulation 8 of the Charities Accounts (Scotland) Regulations 2006. Basis for oplnlon We have been appointed as auditor und¢r section 144 of the Charities Act 2011. and section 44(IXc) of the Chariiies and Trustee Investinent (Scotland) Att 2005 and report in acCord￿ce wilh the Acts and relevant regulations made or having effe¢t thereunder. We conducted tsur audit in accordance with Iniernational Standards on Auditing (UK) {ISAs (UK)) and applicable law. Our responsibilities under those standard5 are funher described in the AudilOI'S responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requiTements that are relevant to our audit of the financial 5tat¢ments in the UK. including the FRC'S Ethical Standard, and we have fulfilled our otl)er ethical responsibilitie5 in a¢¢ordance with these Tequirements. We believe thai the audit evidence we have obtained is suffi¢ient and appropriate tQ PTovide a basis for our opinion. CoDclu5ion5 relating ¢0 going coTrcern In auditing the financtal slateinents, we have concluded thai the trusiees. use of the going ron¢¢rn basis of accounting in the preparation of th¢ financial Statements is appropriate. Based on the work we have perfornied we have not identified any material uncertaintie5 relating to events or conditions that. individually or collectively, may cast significant doubt on (he charity's ability to rontinu¢ as a going concern for a period of at least twelve month5 from when the flnancial stsiemenL% are authorised for issue. Our responsibilities and the responsibilities of (he Erustees with respect io going concern are de5¢riEed in the relevant sections of this report. Other informatio The trustees are responsible for the other inforfftaiion. The other information comprises the information included in the Trustees, Annual Report. Our opinion on the financial statements does not cover the other infonnation and, except to (he extent otherwise expliciily stated in our re￿r4 we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read ihe other information and, in doing so, consider whether the other infortnation is materially in¢onsi5tent with the financial statement5 or our knowledge obtained in the audit or otherwise appears to be Tnaterially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the fi]thncial 5tatetnents or a material misstatement of the other information. If, based on the work we have perfomied, we Conclude that there 15 a material misstatement of this other information, we are required to report that fact. We have nothing to report in thi5 regard. M8tter$ on which we are required to report by exeeption We have nothing to report in reS￿¢t of the following matter5 in relation io which the Charities (Accounts and Reports) Regulations 2008 and the Charities Ac¢ounls (Sootland) Regulations 2006 require us to report to you if, in our opinion.. adequat¢ accounting record5 have not been kew by the charity. or sufficient and proper accounting records have not ￿en kept. or the tharity financial statements are not in agrttjnent wilh the accounting records and rebJrn5' or we have not received all the infomiation and explanations we require for our audit. 19 INDEPENDF.NT AUDITORS, REPORT TOTHE TRUSTEES OF SALESIAN SISTERS OFSTJOHN BOSCO Responsibilities of trusttts for thc financial 51atem¢nts As explained Inorc fiilly in the tru5t¢¢5' responsibilitics stateTnent set out on page 16. the irusiees are responsible for the preparation of tlic financial statements and for beFng saiisfied ihai they give a true and fair view. and for such ii)ternAI conlrol BS Ihc trustees determine is nece55ary its enable the piepaAiion of financial s￿1¢117enlS thai are free froin mai¢rial misstatcment, whether due to fraud or error. Iii preparing the financial Matements. ihe injstees are responsible for a5se5sing the ¢harity's ability to rontinue as a going coiiccrn. disclosing, as applicable, mailers relaied io going concern and using the going concern basis of accounting unless the Irnisiees eiiher irtiend io liquidaie ihe chariiy or io cease operation& or have no r¢alistsc alt¢rnative but to do so. Aiiilitor's re5p0115ibililie5 for the gudit of the fin%nci21 stalemcnts Oiii. obj¢clives are io obiain reasonable as5uraDc¢ alx>ut whcthcr I1￿ financial siatemenis as a whole are free froin Inaterial 1)115s1aieinenl, whether due to fraud or error, and to issue an audiior's iewjrt tha( includes our opinion. Reasonable assuraiice 15 a higl) level of assui?nce. but is not a guaraniee that an audi( coiiducted in accordance with ISAS (UK) will always detect a Imaiei'ial Inisstateinent when it exists. Mis5tateinents Can arise fioni rtaud 01 error and are considered Inateriol if, iiidividually 01 in the a￿regate, they c{￿1d relsonably be expected to influence the economic decisions of users taken on the basis of these financial 51atenienl5. Irregularilies, irlcluding fiaud, are instances of nOn.¢￿nPllancC with laws and regulation5. We design PTocedure5 in line with oiir responsibilities, outlined above, to ddeci material Inisstatements in respe¢t of irrcgularities, including fraud. The extent io which our procediircs are capable of detecting irregularities. including fraud is detsiled below.. Based on our understanding of the Charity and the environmcnt in whieh it ijperdtes. we identified ihat (he principal risks of non-conipliance with laws and regulations related to coinpliancc with employment law and we considered ihe extent to Mthich non-coinpliance might have 8 material cffect on thc financial 51alcmcnts. We also considered ihose laws and regulations that havc a dire¢t imp8Ct on th¢ preparation of the financial stateincnls siich as the Charities Aci 2011. We cvhlirated managemenl'5 incentives alld opportiinities for frhiidiileni manipulation of the financial staieinents (including Ilic risk of override of con(iols). and deierniined thai ihe principal risks were Telated io the recognition of incoine from leg?acies and donations. Audst procedures perfomed by ihe engaoemcni team included- Inspecting ininutes of Trustees, tneetings- Reviewing calculations for depreciation including reviewing estima(ed useful economic lives. Inspeciing correspond¢n¢¢ with regulators and tax authoritie5- Discussions wilh Inanageinenl Incl￿dIng ¢onsideration ofkiiown or suspecied instances ofnon-coinpliance wilh laws d regulation and fraud. Evaluaiing management's controls designed io prevent ttnd detett iTregulariiies' Reviewing valuations of invesiinents. and Challenging assumpiions and judgeinenis made by manageinent in their Critical accounting estimaies. The only significant critical area subjeci io judgejnent or estiination in these accounts is the estimated useful lives of fixed assets. Because of the inherent limitations of an audit, there is a risk that we will not detecr all irregularities. including those leading to a matcrial misslateinenl in the fin8ncial statements or non-coThpliance with Tegulation. This risk increases the Inore that ¢omplian¢e with a law or regulalion is removed from the events and iransactions reflected in ihe financial siateinents, as we will be less likely to become aware of insiances of non-compliance. The risk is also grearer regarding irregularitics occurring due to fraud rydther than error. as fraud involves intentional concealment. forgery. collusion. omission or misrepresentation. A further description of our resFx)nsibili¢ies for ihe audii of the financial siatements is I￿ated on the Financial Reporting Council's website at.. www.frc.oro uklauditor5re onsibilitie5. This description fonns part of our auditor's retKJrt. 20 INDEPENDENT AUDITORS, REPORT TO THE TRUSTELS OF SALESIAN SISTERS OF ST JOHN BOSCO Use of our report Thi5 report 15 made solely to ihe chariiy's tnjstees. as a l)ody. in accordance with section 144 of thc Charities Aci 201 l and regulations made under section 154 of that Act, and section 44(1)(c) of the Charities and TTU5tee Ipve5tment (Scotland) Act 2005 and regulation 10 of the Charities Accounis (Scoiland) Regulation$ 2006. Our audit work has been Undertaken so thai we Inighi siaie io the charity's trustees those matters we are required to state tg them in an Auditor's repon and for no other purpose. To the fullest extent pemiitted by law. we do noi accept or assume responsibility to anyone other than the charity's irnsiees as a body for our audit work, foi this rew>¢ or for the opinions we have formed. Hay5macintyre LLP Statutory Auditor5 10 Queen Street Pl￿£ London EC4R I AG 2023 Haysmacintyre LLP is eligible to aci as ort auditor in terms of section 1212 of the Companies Act 2006 21 INSTITUTF. OF THF. DAUCHTERS OF MARY HELP OF CHRISTIANS OTHERWISE SALESIAN SISTERS OF ST JOHN BOSCO 8TATF.MF.NT OF FINANCIAI. ACTIVITI&S FOR THE YEAR ENDED31 DECEMBER 2022 Desi2n*led Futhd5 Property Rtlirtmtnt Fund Fumd Genernl Fllnds Restricted Fund Note5 2022 2021 JNC()MTr- Tr ROIM= 168.899 168.899 159.474 688.695 24,029 75 688,695 24.029 75 569.412 134.844 6.018 Totsl 881.698 ¥81,698 869.748 .XPF.NDI'I'URF. ON= iiiiiyirl ol'nicinhtrs 8rtd 1.243,553 30.067 171,175 .414,728 30.067 1.286.649 37,320 Mi%%ll)tL% Lhariiable EivinE 1.273.620 171.175 1.444,795 1,323,969 Ni'l lexpcnditureyintome befor¢ i#insl oij investments 1391.9221 1563.0971 14i4.221) Nil ￿1￿1111$ 01) inV¢Strn¢nls 1761,5891 1761,589} 674.491 NLI IL¥iKiidiliireyinwme 1391.9221 (761,5891 11.324,686) 220.270 riiii%liT ki4%cLY] funds 391.922 {391.9221 Ncl niovem¢nt in fund5 11.324.686) 220.270 Reconciliation of fllnd5 rund ￿alanCeS brou8hi foniard 7.276,530 6,847.682 117.051 14.241,263 14.020.993 Fund Bxlxnces cArried forward 7_105J55 5.694.171 17.051 12,916.577 14.241.263 There were no recognised gains and bosses othcr than those included above. All of the charity's activities during ihe above two finmcial ye4TS derived from continuing activiiies. The a￿0Mpanying notes fomi part of these accounts. 22 INSTITUTE OF THE DAUGHTERS OF MARY HELP OFCHRJsfiANS OTHERWISE SALESIAN SISTERS OF STJOHf4 BOSCO BALANCE SHEET AS AT31 DECEMBER 2022 2022 2021 Notes FIXED ASSETS Tangible fixed assets Investments 7,124,636 6,332.680 7.303,432 6.964,918 13.457.316 14268,350 CURRENT ASSETS Debtors Cash at bank and in hand 60,407 253,277 70.730 706,787 313.684 777,517 CREDITORS: Amounts falling due Within one year 1854,423) (804.604) NET CURRENT LIABILITIES (540.739) (27.087) NET ASSETS 12,916.577 14,241,263 FUNDS Unre5tri¢ted Fund5 Designated Funds= Retirement Fund - Pi'operty Fund 10 5,694.171 7.105,355 6,847.682 7,276.530 12,799,526 14.124.212 Restricted Funds 10 117,051 117.051 12,916,577 14,241,263 The financial statements were approved and authorised for issue by ihe Board of the Truslees on 2 June 2023 and were signed below on its behalf by.. Sr Bernadette Cassidy Trustee The a¢¢ompanying notes fonn part of these accounts. 23 INSTITUTE OF THF. DAUGHTERS OF MARY HELP OF CHRISTIANS OTHERWISE SALESIAN SISTERS OF STJOHN BOSCO STATF.MENT OF CASH FLOWS FOR THE YEAR ENDED31 DECEMBER 21122 1022 2021 Ca511 flows from operating 7é¢tivities: Ivel crfi.lli provifled by fused lil) opernlliis uclivirfies (493.058) (561,454) Casli flows from investing acttvities= Dividcnds, inleicst and rents from investinent5 l)roceed5 from the salt of property, plant and equipinent Puiclose of property, plant 2nd equipment Proceeds from sale of investments Piirchase of investments 168.899 159,474 6.991 {23.000) 3,748.503 (3.464.384) 962.525 (997,492) Net c85h provided by investing a¢tivitits 133,932 427.584 Change In net eash In the reportitjg perlod (359,126) (133,870) Nct eash at the beglnning of the rcporling period 782.388 916,258 Net Cash 81 the end of the r¢porling period 423262 782.388 Rc¢onciliation of nel mov¢m¢nl in fund5 to easb flow from operating aelivi¢its 2022 21121 Net mtsvement in funds 11.324.686) 220,270 Adju5trnents for: Depreciation chai'ges Cjains on investments Dividci)ds. interest and renis from inveslinent5 Cjalll l)11 tlie sale of fixed a5set5 Decrease in debtor5 IMci'e45ellde¢rease) in creditors 178,796 761.589 (168.899) 186,712 (674,491) (159.474) (5.918) 27.961 (156.514) 10,323 49,819 P4el cash provided by (used in) oper4liDg 8ctivitits {493,058) (561,454) An8ly5i5 of nei debt Cash in hand Oihei. short term cash equivalenis 253,277 169,985 706,787 75,601 Total net debt 423.262 782,388 24 INSTITUTE OFTHE DAUGHTERS OF MARY HELP OF CHRISTIANS OTHERWISE SALESIAN SISTERS OFSTJOHN BOSCO ACCOUNTING POLICIES FOR THE YEAR Ef4DED 31 DECEMBER 2022 General Information The Charity is registered in England and Wales (Charity no.. 1165097) and Scotlaftd (charity no.. SC039657). The Charity's principal office address is 19 Trinity Road, B¢)otl< Liverpool. L20 7BD. 64 Dowhills Road, Blundellsands. Liverpool, L23 8SP. The Chariiy is a Public Benefit Entity- B*$i5 of accounting The accounts (financial ststeTnents) have been prepared under the historical c05t conveniion with items recognized at C05t OT transaeiion value vnless otherwise stated in the relevanl note(s} to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Prdctice for Charittes {Second Edilion, effective l January 2019}, the Financial Rew)rting Stsndard applicable in the United Kingdom and K¢public of Ireland (FRS 102) and the Charitie5 Act 2011. Going Concer The Trustees of the charity have concluded that there are no malerial uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern for the foreseeable fvture. Given the charity's level of reserves available ai the year end, the Trustees consider that the Charity has adequate resources to continue in operational existence for the foreseeable future. Investment5 are expecied to continue to provide an incoine although this may be dimiD15hed in Ihe immediate ￿Lure with the ¢UTrent Situation. However, Investments Assets are sufficient enough to finance Ihe activities of the chariry if need be. Accordingly, the financial statements have been prepared on a going concern basis. Ineome All incoine is Tecognised once the charity h85 entitlement to income. il is probable that income will be received and the amount of income receivable can be measured reliably. Investment income consisis of interest receivable and is accounted for on an accruals basis. Sisters, Sg18ries And Pen51011S Sisiers. salaries and pension5 are received under deeds of covenant and are stated inclusive of income tax but net of any deductions for social security paym¢nts contribution5 to occupaiional pension schemes. Leggcie5 and Don8tions Legacies and donations are recognised when receivable or when the Charity bxoines legally entitled to them. Receipts of properry, investinenis or oth¢T gifts in kind are included at rnarket value at the time of receipt. Expenditure Charitable expenditure consists of all expendiiure relaiing to the obj¢¢ts of the Chariiy. All cosrs are directly attributable to the activities under which they have ￿en analysed. Govemance costs include expenditure on the govemance of the charity and its assets and are primarily associated with consiitutional and 51atutory requirements. Governance cost is allocated in line with support costs. Irrecoverable VAT is included wilh the c*egory of expense to which it relates. Leases Payments under operating leases are charged io ihe Siatenjent of Financial Activities on a straight line basis over the life of the lease. Tangible Fixed Assets Freehold land and building5 owned ai l January 1997 are stated ai their esiimated Exasting Use Value. The valuations are based on a report pr¢pared by Playle & Company purely for the purposes of providints a value for inclusion in the Charity's accounts. Subsequent additions are capitalised ai c05t. Certain school propertie5 owned in the name of ihe Trustees are occupied and run by independenl chariries in the fomi of Voluntary Aided Schools. There are significant legAI restrictions on Ihe disposal of these properties under Education legislation. The Trnstees consider their ownership io be in the nature of a cusiodianship of the assets and they are therefore noi capiialised in the fjnancial statemenis. Deiails of these propertie5 are Sei out in the notes to th¢ a¢counts. Other tangible 25 fixed assets over £500 are capiialised ai cost. 26 INSTITUTE OF THE DAUGHTERS OF MARY HELP OF CHRJSTIANS OTHERWISE SALESIAN SISTERS OF ST JOHN BOSCO ACCOUNTING POLICIES (eonfinued) FOR THE YEAR ENDED 31 DECEMBER 2022 TartEible Fixed A55ets (tontinued) Depreciation is calculated by ihe straight-lin¢ m¢thod to write off the costlvalue. less anticipated residual value. over the expected useful lives of assets as follows.. Freehold buildings Leasehold buildings Furniture and equipment Motor vehicles Building under eonstruction is not depreciated. 50 years 50 years or the term of the lease if under 50 years 5 years 4yea Designated funds These are funds set aside by the trusttts out of unrestricted general fimds for strtifi¢ fvture PUTposes or pr05pecis. Further details of the designated funds are shown in Note 9 10 the accounts. Investn)ents Quoted investments are valued at their market value on the balance sheei date. Changes in rnarket Wdlue are ttfle¢ted in the Statement of Financial Activities. Reali5ed gains and Josse5 All gains and 105ses are taken to the stsiement of financial aciiviiies as they 8rise. Realised gains and losses on investments r¢ Gal¢ulat¢d ps the difference beiween Sale proceeds and opening market value (purchase date if lateT). Unrealised gains and losses a￿ ¢al¢ulated as the diff¢r¢nce beiween rhe markei value ai the year end and opening market value (purchase date if lat¢r). Th¢r¢ wert no realised gains and losses in ihe year. Debtors Trdde and other debtors are recogni5ed at the settlement amount due after any Irade discount offered. Prepayments are valued at the amount prepaid net of 3ny trade discounis due. Cash It bank and in hgnd Cash at bank and cash in hand includes and short terni highly liquÉd inv¢strnents_ Creditors and provisions Crcditor5 and provi5ion5 are recognised where the charity ha5 a present obligation resulting from a past event that will probably result in the transfer of funds io a third party and the amount due to settle the obligation can be Ineasured oi. esiiinaied reliably. Creditors and provisions are norrnally rccognised at their 5ettlemen( amount after allowing for any tradE discounts due. Employee benefits Short term benefit5 Short term benefits including holiday pay are recognised as an expense in the period in which the Service is received. Employee termination benefits Tennination benefjls are accounted for on an accrual b&sis and in lin¢ with FRS 102. Pensions The Charity operate5 a Ftryonal pension plan for staff which is a defined contribution Scheme and contribution$ ar¢ accounted for as a charge to the SOFA in the period to which they related. Critical accounting utimates and judeemeDts In the appli¢alion of ihe Charity's accounting wlicies, the Trust¢¢s are required to make judgements. estimates and a5SUmPtion5 about the carrying amount of assets and liabilities that are not readily appareni from other sources. The estimates and associated as5umption5 are based on historical experience and other factors that are considered to be relevant. Actual results Jnay differ frotn these estimates. The estiinates and underlying as5umpiions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate 15 revised where Ihe revision affects only that period, or in the period of the revision and futwt p¢riods where the revision affecis both current and ￿tUre ￿[lOd5. Th¢ only significant criiical area subject to 27 judocinent or estiinaiion in these accounis is the esiimated useful live5 of fixed assets. 28 INSTITUTE OFTHE DAUGHTERS OF MARY HELP OFCHRISTIANS OTHERWISE SALESIAN SISTERS OF ST JOHN BOSCO NOTES TO THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 INCOMING 2022 2021 Investment income arising fr(￿￿. Bank d¢posits and Quoted investments 168,899 159.474 EXPENDITURE Staff Costs Governance Cosls Total 2Q22 Total 2021 Depreci8tion Other Chariiable aciiviiies.. Support of members and their ministry Mission and charitable giving 120.580 178.796 31.558 1.083,794 1,414,728 1.286.649 30.067 30,067 37,320 120.580 178.796 31.558 1.444.795 1.323,969 CoDipor¢71iye &iifjlyslS Total 2021 Choi'iloble acliviÉies'. Support of member5 and their Inini5try Mission and charitable giving 88.144 186.712 23,254 988,539 1286,649 37,320 37,320 88.144 186.712 23,254 .025.859 1.323.969 Included in Govemance costs 2022 2021 Auditor's remuneration (net of VAD Audit Other services 14.700 3.775 12,800 3,150 Staff Costs Wages and salaries Redundancies Social Security costs Pensions 81.432 30.000 7.304 1,844 79.527 6,822 1.795 120.580 88,144 The average monrhly nurnber of employees per headcount in the year was 4 (2021.. 5). No employees earned more than £60.000 during the year (2021- Nil). The key management personnel are the Provin¢ial, Provincial Secretary and the Provincial Burw. These members forgo remuneration for the benefit of the charity. As a result. there is no policy for setting pay. 29 INS'fiTUTE OFTHF. DAUGHTERS OF MARY HELP OFCHRISTIANS OTHERWISE SALESIAN SISTF.RSOF STJOHN BOSCO NQTF.S TO THE FIIYANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2f122 TRANSAcfioNs WITH TRUSTEES AND RELATED PARTY TRANSACTIONS The tru￿ee5 of the Charity are also memE¢rs of the ￿ldY and as such have thken vows ofpoverty undei" which they have renounced all pei'sonal rights to income and capital. -I"he Chaiiry provides for the ¢ssenlial needs of all TneinbeiE of the Society within ihe Provinc¢. The living costs of the four ttU5tees are iherefore borne by Ihe Charity. None of the 'rrusiees received any remun¢rotion or other benefit5 in connection wilh their duties a5 .1 i￿Stee5 dui'ing the yeai. 'niere were no other related party trdn5action5 during the year (2021.. Nil). TRANSFERS BETWEEN FUT4DS 2022 2021 General Funds Designated Funds.. Retireinent Fund - fvrther amounts {deductedyadded in the yeai. Property Fund- net funds allocaicd in the ycar 391,922 339,043 {391,922) (339,043) %cc Note 10 for further details on the movement in funds_ 'rANGIBLE FIXED ASSF.TS Freehold Isnd & Buildings Lessehold Buildings Furn & Equipment Molor Vehicles Total COST OR VALUA TION At l January 2022 Addilions 6.983.382 2,082,557 50.742 144.61 9,261,292 A5 #t December 2022 6,983,382 2.082.557 50.742 144.611 9.261.292 DEPRECIATION Ar l January 2022 Charge for ihe yeRr 1,480.613 129,524 308.795 41.651 46,777 2.893 121,675 4.728 1,957.860 178,796 Al 31 Decernber 2022 .610.137 350.446 49,670 126,403 2,136,656 NET BOOK VALUE At 31 December 2022 5.373,245 1.732,111 1.072 18,208 7,124,636 At 31 December 2021 5.502,769 1,773.762 3,965 22,936 7.303.432 Apart from a small propoTlion used for managemen( and administrative purw)ses, all fixed asseis are held for charitable purp05es. There are a150 school properties regisiered in the naTne5 of the Trusrees. As all righis and obligations in iespecl of these properties have effeclively been trdll5ferred to the Govemors of the school% ihe Trustees consider their ownership io be in the nature of a custodianship of the assets and they have therefore not been ¢apitalised. These properties are:. St John 805co Art5 College, Croxteth, Liverp￿1. In 2013. part of the College land was sold by the chariiy io the Local Authority under a leasehold agreement. The chariiy has a reversionary interest which can be exercised for a consideration of £10 at the end of the lease period. Land used a5 play area by Our Lady's School, Cowley. Thes¢ sc11(￿lS are being maintained by ihc Local bducation Authorhty. 30 INSTITUTE OF THE DAUGHTERS OF MARY HELP OF CHRisfiANS OTHERWISE SALESIAN SISTERS OF ST JOHN BOSCO IYOTES TO THE FINANCIAL STA TEMENTS (eortlinued) FOR THE YEAR ENDED 31 DECEMBER 2022 INVESTMENTS 2022 Quoted 2021 Quoted Balance at l January 2022 Addiiion5 Disposals Net gains on revaluation 6,889,317 6,498,945 997,492 3,464,384 (962,525) (3,748.503) (761.589) 674,491 Balance at 31 December 2022 6.162,695 6.889,317 Cash held for reinvestment 169,985 75.601 B31ance at 31 December 2022 6.332,680 6,964.918 Cost 2131 December 2022 6.067,158 5.919,000 DEBTORS 2022 2021 Prepayments and ac¢Ned income Sundry debrors 15.OIKI 45,407 14,906 55,824 60.407 70,730 CASH AND CASH EQUIVALENTS 2022 21J21 Cash at bank and in hand 253.277 706,787 CREDITORS 2022 2021 Other creditors PAYENIC A¢¢rual 774,783 774,370 1,679 28,555 79,640 854,423 804,604 I O. MOVEMENT IN FUNDS General Fund Property Fund Retirement Fund Restricted Fund Total 2022 Funds a5 at l January 2022 Net (expenditure)lincome Net gains on investments Tran5fcr5 between funds 7276.530 (171,175) 6.847,682 117,051 14,241,263 (563,097) (761.589) (391.922) (761,589) 1391,922) 391.922 Fund5 at 31 December 2022 7.105.355 5.694,171 117.051 12,916,577 INSTITUTF. OF THE DAUGHTERS OF MARY HELP OF CHRisfiANS OTHERWISE SALESIAN SISTERS OF STJOHN BOSCO NOTF.S TO THE FINANCIAL STATF,MF.NTS (conlinueil) FOR THE YEAR ENDED31 DECEMBER 21122 10. MOVEMENT IN FUNDS (tO￿tinUed) ComparAtivc movements in funds General Property Retirement Restrieted Total Fund Fund Fu￿d Fund 2021 iinds as al l January 2021 Nci (expcndiilirel'incoine Nei gains on iiive5tment5 'rransfers beiwccn fund5 61,054 (400.097) 7.447.705 (171.175) 6.512.234 14,020,993 1454,221) 674,491 117,051 674.49 5 (3J9.043) 339.043 Funds at 31 December 2021 7.276,530 6.847.682 117,051 14.241,263 Designated funds Tlie tivstees have de5igtiated funds out of ihe w)restricied funds for specific purkN)ses &$ follow.s:_ prO￿rtY Fund In order lo fulfLI ils chariiable objectives the chariiy nttds a number of properties. Thcsc pro￿rtieS, alihoiigh ihey are iiiirc51ricted assets cannoi be realised withoui undcrmining the charity's work and thc Inislcc5 therefo￿ feel that ir is appi"opriate to reflect the investment in Propert￿$. Ilciiremeni Fund A fiind been designated in respecl of the charity's commibneni io provide for the reiiremenr and care in old age arTrd sickness of the Inslitute's meinbers. Luinp sums rcccived upon certain sisters reaching retirement age are credited to this fund. In addition ihe iru5tee5 designate aTnounts froffl free reserves from iiine to lime with the aim of bringing the level of ihe fund In line with the amount consideted 10 be necessary for rhe long-terni need5 of sislers. At th¢ year to 31 Deceinber 2022 the desiunated fund was £ 5.7m (2021: £6.85m). InVe￿I￿entS rcpiEsent ihi5 fund. Restricted Funds Restricted funds are all for the pur￿Se of helping the pooreM young peop]e. Tr8nsfer5 between (unds Tiallsfers have been Inade from the Retirement FutKI to Cover the deficir in tlie year OD the G¢neTal FuJKi. I la. ANALYSIS OF NET ASSETS BY FUND Gener¥1 Fund Designa¢ed Funds Rt5tricted Fund Totthl Fund Balances at 31 December 2022 art rtprcsentcd by: Tangible fixed a5set5 Invexmenis Ciiyrent assers Current liabilities 19,281 638,509 196,633 (854,423) 7.10SJ55 5.694,171 7.124.636 6,332.680 313,684 (854.423} 17.051 12,799,526 17,051 12.916,577 32 INSTITUTE OF THE DAUGHTERS OF MARY HELP OF CHRISTIANS OTHERWISE SALESIAN SISTERS OF ST JOHN BOSCO ACCOUNTING POLICIES (continued) FOR THE YEAR ENDED 31 DECEMBER 2022 Ilb. COMPARATIVE ANALYSIS OF NET ASSETS BY FUND General Fund Designated F￿ndS Restrleted Fund Total Fund Balances at 31 December 2021 are represented by: T8ngible fixed assets Investments Current assets Current liabilities 26.902 117,236 660,466 (804.604) 7,276,530 6.847,682 7,303,432 6,964.918 777.517 (804,604) 117,051 14,124,212 117.051 14,241,263 12. OPERATING LEASE COMMITMENTS At 31 December 2022, the charity had fvture minimum lease payments under non-cancellable operating leases as follows.. 2022 2021 Property Total commitment under operating leasts= Due in one year Later than l year and not later than 5 year5 31.248 31,248 The total rental expense inCu￿ed during the year in respect of assets under operating Ica5e wa5 £30,000 (2021: £31,248). 13. CONNECTED CHARITIES The following Charities are connected charities of the Instltllte of the Daughters of Mary Help of Christians, otherwise known as'salesian Sisrers of Si John Bosco" by reason of the sirnilarity of their charitable objectives. Charity Charity f4umber Address Vides UK 1015097 Mansion Drive. Liverpool Suppon is given by the Charity to the￿ connected chyrities in the forni of rent frtt use of buildings and unremunerared Sisters. time. A grant of £10,000 was also given io VIDES UK. Anne Frdnces McNamee (trustee and director of FMA) is a trustee of VIDES UK. 33 INSTITUTF. OF THF I)AUGHTERS OF MARY HF.LP OF CHRI.STIAf4S OTHF.RWISE SALESIAN SISTERS OFSTJOHN BOSCO ACCOUNTING POLICIF.S (continued) FOR I"HE YEAR ENDF.D 31 DECEMBER 2011 14. COMPARATIVE STATF.MF.NT OF FINANCIAL ACTIVITIFS Desig*ated Funds Property Rttirtment Fund Fund General Funds Re5tricteil Fund Notes 2021 JNCC)MF FROM= 159.474 159.474 Si%lLr$ 8ola¥ii% and l?ension% 569.412 17.793 569.412 134.844 6.018 6,018 7)2.697 117.051 869.748 EXPENDITURE ON: S111)PLili of mLIMbtrsatsJ 1.115.474 37.320 1.286.649 37.320 1.152.794 171.175 1.323.969 ot lexpcnditurtvithtomt before iiD&I investmtnis (400.097) {171.1?5) {454.2211 NLI gan15 on ITivesimeiiis 674.4t)I 674.491 Nci (exp¢iidilurtl.'in¢otne 14(Mb.W71 674.491 220.270 Transf¢r I￿lI.tert futtds 339.043 1339.0411 Net movement in fuThds {61.0541 1171.1751 335.448 220.270 Reeoncili8tion or rund Balances brouglii for4iard 61.054 7.447.70i 6.512.234 14.020.993 Fund B#l#th¢ts tarried forward 7.276,530 6.847,682 17,051 14.241.263 34 INSTITUTE OF THE DAUGHTERS OF MARY HELPOF CHRISTIANS OTHERWISE SALESIAN SISTERS OF gr JOHN BOSCO (Registered Charity Number: 2S0888) (Charity Registered in Seotland No SC039657) TRUSTEES. REPORT AND FINANCIAL sfATEMENTS 31 DECEMBER 2022 H4ysmacintyre LLP Chartered Accountan Registered Auditors London INSTITUTE OF THE DAUGHTERS OF MARY HELP OF CHRISTIANS OTHERWISE SALESIAN SISTERS OF STJOHN BOSCO TRUSI'ELS ANNUAL RLPORT FOR THE YEAR ENDED 31 DF.CEMBER 2022 Tlie Triistees present their report and flnancial swements for the year ended 31 D¢cciT]bér 2022. These have been PTepared under the provision of ihe Statement of Recominended PTaciice for Charilies ISORP 2015) (Second Ediiion, effective I Janiiary 2019) and comply with all siaiuiory requirements and the ¢harity'$ governing docuinent. REFERENCE AND ADMINISTRATIVE DETAIES I-'MA TrLisiees: Sisler Pauline Clark Sister Breda Byrne Sister Bernadette Cassidy Sister Anne Frances McNamee Sisiei Gillian Mccambridge (Provincial Superior) (Provincial Vicar (Provincial Bursar & CouncilloT) (Councillor. finished 31 August 2022) (Councillor- stsrted I September 2022) Address.. 64 Dowhills Road Blundellsand5 Liverpool L23 8SP Tel.. 0151924 8212 Facebook= Salesian Sister5 UK Cl)arity Registration No.. 250888 Cl)di'iiy Registered in SC039657 %cDiland No.. Solicitors.. Wrigleys Soliciors LLP 19 Cookridge Sireet Leed5 LS2 3AG Audiiors= Hay5macintyre LLP 10 Queen Stitti Placc London EC4R IAG Bankers.. 8arelay5 Bank plc Chertsey Branch Walton on Thames Group POBox193 12 Church Sireet Walion on Thames KT12 2YW Goveming Instrument.. Trust Deed daied 7 August 1962 and 6 September 1965. and as amended by Charity Cominission Scheme dated l August 1997 Objects.. Such charitable purposes as shall advance the religiou5 and other charitable work of the Province of the Soeiety, which includes England and Scotland. #% the Trustees wilh the approwdl of the SU￿10[ shall from lime to time. think fil. Inve5tinent Powers: Under the Tn1￿ Deed ihere are no limitalions on the Tru4ees' power of investinenl. INSTITUTE OF THE DAUGHTERS OF MARY HELP OF CHRISTIANS OTHERWISE SALESIAN SISTERS OF ST JOHN BOSCO TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 INTRODUCTION The charitable trLLSI is constituted by 4 Tn￿ Deed dated 7 August 1962 and a Dttd dated 6 Septernkr 1965 and it5 principal object is to proinoie the religiou5 and other charitable work in the Province. carried out by the Society, Ihe Institute of The Daughiers of Mary Help of Christians (more familiarly known a5 -The Salesian Sisters of St John Bosco" or 'Salesian Sisters"). A scheme daied l August 1998 widened the terms of the TTU51 Deed to "shall advance the religious and other charitable work of the PTovince of the Sociery which includes England" The Institute of the DJughters of Mary Help of Christians is an intemaiional religLOUS congregation of Roman Catholi women gov¢rn¢d by its own COnsti￿li0ns. Worldwide li counts 11.535 members and is divided into 74 province5. The Sist¢TS 5¢rv¢ in 1,363 Communities acros$ 97 Nations. Since its foundaiion in 1872 it hps bcen engaged in religious and other harilabl¢ work, particularly education and th¢ development of ihe young. Its Generalale is located in Rome. The a￿ount$ accompanying this report are the accounts of the chariiable trust under which the assets of the Institute in the Province are held. The Sisters are trained as members of the Instituie. They receive the further education and trnining necessary to become professionally qualified io take part in ihe aciiviries of the Provin¢e #nd are also given the opportunity to keep abreast of developments in their particular field of activiry and to broaden their experience in iK)ih ihe relKgiou5 and secular spheres. INVESTMENTS Per our investment manager4 few invesiors will be sorry to See the end of 2022. with Ixjih iKJnd and equity markeis deliverang Ineaningful ne8aiive return5. In a year which saw the US S&P 500 equity index fall by almost 20Yo, the portfolio found little protection froin other assets, with for example. global government E#)nds falling by almost as much. Russia's invasion of Ukraine had far-reaching consequences. The resultant energy crisis and broader supply chain issues exaceibated pricin8 pres5ure5 that were already evident across the globe. whilst the higher interest rate5 required to tackle spiralling inflation proved a toxic combination which has led to falling global gro￿ foreca￿5 for 2023. The portfolio has produced arfftualised rnurns in exee5s of 6Vo per annum, net of f¢e& since inception and we remain cautiously optitn15tic for 2023 and beyond as indi¢ation& as early a5 they may be, att encouraging and there is Optimism that the worst of market declines are behind us. The Sister5 consider that the chariiy will continue as a going concern for ai leasi one year after the date of signing the account5. INSTITUTE OF THE DAUGHTERS OF MARY HF.LP OF CHRisfiANS OTHF.RWISE SALESIAN SISTERS OF STJOHN BOSCO TRUSTEES ANNUAL REPORT FOR THE YEAR Ef4DED 31 DECEMBER 2022 STRUCTURE, GOVERNANCE AND MAf4AGEMENT ITr lei'in5 of Canon Low the Superior General and her Council. who reside in Rome, govern the Insiiiute al an international level.-fhey are elected every six years at a Genernl Chapter a meeting of represeniaiives froin every Province. 'I'he Provincial and her Council govern thc UK Province. Tr PTovirKial is appoinied. for a period of six years, by ¢he Siiperior General and her Council, after ¢onsultation wilh ihe Ineinbers of t]ie Piovin¢e. The Plovincial appoinis the Provincial Bursar. Ihe Provincial Secretary and Council Ineinbers after consuliaiion with the Sister5 of the Province. The General Council confirms thc ￿p￿lAtInentS. which are for a maximuin of ihree tenns of three years for councill(Trrs and four tern)s of three years for the buisar and secretary. 'fhe Provincial Council ineets monthly. Any new appointees ar¢ fully briefed on ihe aiins and obj¢ctive5 of ihe cha¥ity and receive information and training if r¢quired as to their re5ponsibiliti¢s as a Trustee. The day io day management of ihe charity'5 activities and the impl¢mentation of policie5 are deletsaied to appropriate IneiiibeTS of the Province. There were seven Communities. until 0¢to￿- 2022. bui these are now reduced to six due to the ageing of Sisters and lack of personnel. Each cominuniiy 15 led by a Communiiy Leader who is appoijiied by the Provincial and her Council, the appointincnt being eonfimied by ihc General Council. There is also an appoinied bursar in each community. She is responsible for ihe adininistrdrion of the house in collaboration witli the Coininunity Leader and sends a copy of ihe main accounis io Ihe Provincial Bursai each Imonih. Al the end of the year the rnain pK)ints of these accounts are included with lh¢ l¥ovince accounts and sent to ihe General Bursar in Rome. I'lie Provincial is required to visii each community at least once a year. During the year there is a system of accourbtability which operates throughout the Province so th￿ ihe Provincial Council is kept aware of the progress and development of the Iniiiislrics in which the Si51¢rs of the Province are engaged. The Sup¢i'ior General or her wresentative olTLcially visits the ProviDc¢ every Six yeats. In term5 of Civil Law the Charity. registered nurnber 250888. is goveTned by a Trusi deed dated 7 August 1962, amended in 1965 and 1998. The Ttusiees. who are all members of the Chariry and of the Provincial Council (apan from the Provincial Bursar who is a TnLStee by virtue of hcr office), are ap￿inted by the Provincill] who is a150 a Truslee. rour Inembers of ihe Provincial Council Tn￿leeS and DIT￿loTS of the cu￿0dlan trus*e ¢ompany. FMA Trustee5 Ltd (Company number 554256), which 15 wholly owned. on a non-beneficial b&si& by meinbers of the Institute. As members of the Institute, th¢ Trustees are aware of the way the charity is administered. With the help of piDfe5sional advisers and through attendance * seminaTS and conferences ihey update their knowledge of charity law and its rcquirfflllents. INSTITUTE OF THE DAUGHTERS OF MARY HELP OFCHRisfiANS OTHERWISE SALESIAN SISTERS OF ST JOHN BOSCO TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 Safeguarding "In response to the needs of Children, Young People Adults at RiskNuln¢rable Adults in today's society, we, the Daughters, of Mary Help of Christians (Salesian Sisters) in Grtai Britain. Commit ourselves ro providing a safe and caring environment where all those with whom we work are encournged to develop their fvll potential as individuals created in the likeness of God." IFMA Safeguarding Policy) One Si51er is the Safeguarding Lead for the Province in Englond and the Safeguarding Link in Scotland. The Safeguarding Lead liaises with and is supported by ihe Provincial. She Also liaises with the Safeguarding departments of the Glasgow and Motherwell Dio¢e5¢ and with the newly established RLSS and CSSA in England Sin¢¢ September 2020, the Safeguarding L£ad 8nd the Provincial have attended various webinars for the newly established RLSS and CSSA in England. The Safeguarding Lead, in person. and the Provincial, on-line, attended a day for Scotland entitled "Walking Togerher in Safeguarding" The Safeguarding has also ensured that all the Sisters. employees, and volunteeTS', DBS and PVG forn)s are up to date. The Policy is undergoing its review, following the final recommendaiion of ihe IICSA and Elliott Reports. The Safeguarding Lead and the Provincial have continued to attend a series of z(M)ms over the post year to follow the new process and have shaiEd all of this with the Provincial Coun¢il for discussion and decision making. All members of the Provin¢ial Council have completed an on-line safe8uarding trnining with ihe NSPCC Trustees. As our Province has communities in England and Scoiland. the Safeguarding Lead keeps up to date wtth the safeguarding laws and procedures for each nation. The generdl updating and training of the Province took place ai the Provin¢ial Assembly in July 2022. In ihe coming year. the Safeguarding Lead will visit all the communities to train them in the Standards and the Audit process Risk Man8gemenl The Trusiees have a5se55ed the inajor ri5k5 to which the charity is ¢xwJs¢d. in particular those relating to the operation and finances of the Trust, and are satisfied ihai 5y5trms are in place to mitigate exposure io major risks. The Trustees review ihe Provincial RL5k As5cssm¢nt Policy twice a year. It is addressed in the Provincial Aciion Plan and tnonitored regularly. The effects that Covid-19 ha5 had on the charity are deali with in a s¢p8rale section later in Ihis report. Th¢ Trustees have identified three areas of concern. The Tru5tee5 are awdre of the ageing profile of the tnetnb¢rship and are taking posiiive step5 to address this. The performance of the investment portfoli05 is monitored on a monthly basis. Twice a year the Portfolio Managers attend a Trustees, Meeting to addre55 any concerns and to advise us on Inaximising our income. Our property agents survey all our propertie5 every Iwo years and make recommendations in re5peci of mainienance. This ha5 not happened this year becausc of Covid-19 and the Business Manager is working closely wilh cominunities on essential maintenance. All propertie5 will be surveyed in Spring of 2023. In view of the changing face of the Province, the surveying of all properties will tske place in 2023. Publi¢ Benefit In Setting the charity's objectives. the Trustees have given due consideration to the Charity Commission's guidance on public benefit. How the charity fuifils this obligation is covered in the sections below. Provincial Leadership Throughout the year. Sisters and Co-workers share the responsibility of carrying forward the Vision and Mission of the Province. Our Mission is grouped into areas.. Youth p￿Ort1. Forn￿110￿. Social Communications. MissioI]s, Safeguarding and Salesian Family. Following our General Chapter and the Provincial Assembly in July, we are continuing a process of evaluating how we deliver this to the Provinee. Key Management Personnel The key inanagement personnel are ihe Provincial, Provincial Secretary and the Provincial Bursar. These InetJtbeTs forego remuneration for the benefit of the charity- As a r¢5ult there is no policy for setting pay. Salaries are renewed annually foi. IhE 4 + staff einployed. INSTII'UTE OFTHE DAUGHTERS OF MARY HF.LP OF CHRISTIANS OTHF.RWISE SALESIAN SISTERS OFsf JOHN BOSCO TRUSTEES AN14UAL REPORT FOR THE YEAR ENDED JI DECEMBER 2022 FMA Provincial Vision 2021-2027 "Wiih Alory. be & Life-Giving Presence. Ai ihe Heari of Tod(w's World Charity's Objects -rhc Cliarity's objects are such chariiable purposes as shall advance ihe religious and oth¢r chaTltablc work of ilie Province of the So¢i¢ty, which includes England and Scotland. as the Ttusiees wilh ihe approval of the Superior sliall froin riine io tiine, think fit. Objectives, Stntegles gnd Activitie5 '5'hc charity's principal activities are to: Provide education especially for di￿dY¥￿ta%ed youthg peopk 2. Relieve poverty Provide r￿D￿rees, building and scrvices to kneal eharities Support and provide for its rnembers GrAnts Policy I'lie ¢harily is noi a grani Inaking chpri¢y. but makes some grants solely lo its associated Chartty (VIDES). INSTITUTE OF THE DAUGHTERS OF MARY HELP OF CHR15fiANS OTHERWISE SALESIAN SISTERS OF ST JOHN BOSCO TRUSTEES Af4NUAL REPORT FOR THE YEAR ENDED31 DECEMBER 2022 ACHIEVEMENTS AND PERFORMANCE FOR PUBLIC BENEFIT DURING THE YEAR 2021 % SUPPORTING MEMBERS OF THE PROVINCE In the year to 31 December 2022, the S8lesi8n Sister5 continued to supEkn the members of the Institute in the Pmvince of Great Britain. The number of Sisters in the Province at 31 December 2022 was 39 (2021- 39). Of these 3 are 41- 50,. 2 are 51- 60. 4 are 61- 70- 1 l are 71 80; 10 ar¢ 81- 90 and 7 are over 90 years. The average age is 75.4 years. 12 io ONO. 01 %5ter5 41-50 51-60 61-70 71-80 81-90 91-IQ) In coinmon with many religious order4 the Sisters are growing older and new members are few. The Province has tKJth moral and legal obligations to provide for its Tnembers, who do not have resources of their own. having covenanted their income to the Charity. They have all spent a significant part of iheir lives working with the young and (he disadvantsged. As the Sisters be¢ome older. the cost of caring for them increase5. Our house in Cowley is designated for the care of ihe sick and elderly and i5 managed by St John of God Hospitaller Services. with full-time employed ¢8rers. Some Sisters are Still being cared for in iheir local communities. Over the coming years the Trustees expeci more Sisters to need 5pecialised care. This will have an i]npact on the work, property requirements and finances of the Province. During the year the Trustees have given consideration lo thi5 Situaiion. and the retirement fund 15 being built up to provide for the fllt￿re. There is ongoing work on properties in order to make ihem more suitable for our ageing communities and the n¢¢ds of the Mi55ion. The Tru5te¢5 aiTll to enable Sisters to continue with their ministries. living in community hou5¢5 &5 long a5 possible. INSI'ITUTE OF THE DAUGHTERS OF MARY HF.LP OF CHRISTIANS OTHERWISE SALESIAN SISTERSOF STJOHN BOSCO TRU.STEESANNUAL REPORT FOR THE YEAR ENDED31 DECEMBER2022 Education- forTnal #nd ithlorm¥l Education and developineni. especially of disadvantaged young people. have always been the Tnain objectives of ihe Salesian Sisters. Due (o the changes in fornwl educatio￿ ihe declining numbers joining tlie ProviTKe and the ageing of our present meinbership, the Salesian Sisters changed the Inode of their involyeineni in boih Secondary and primary schools. as circuinsiance5 required. One Sisier continues lo teach in a Catholic Inainiained school, where she is able to emphasise the Christian. Catholic rne55age. One Sisier works as a youth worker alld another as a counsellor & play therapist. Three Sistcr5 ar¢ school governors. Afier Inany year5 einployed in Schools, several Sisters work in a voluntary capacity in schools. We are following the development of thc Religious Orders in EdUc￿lOn discus5iOn5 Wlth porticular interest in the continuation of our charisin within the school of which w¢ ar¢ tru5tee$. Apart froin schools we ¢oniiniie our educaiive mission to children and youn8 people in noii-foriiial education in various projccts adapied to the Deeds of young people today. We conriniic io work in youth clubs. parisli caiccheiic5. volunieering and music Ininistry. There 15 growing involvemeni in parish and di(Kesan minislry. 'rhe Sisters are actively epgaged with young ￿1¢ and others in the following locaiioiis.. tjattersea, Beckenhain, BILindellsJnd& Cowley, Croxteth, Easierhouse and Newlands. LET OUR LIVE5 SPEA 4. BATTERSEA, LONDON In Battersea. since the refurbi5htnent of the property. Ihe Mission of Hospitality has developed at a very notable rate. Accoininodation is now provided for students (young adults and FMA) Io BATTERSEA. LONDON In BAttersea, since the refiwbishment of the prom. the Mission of H05Pitality has developed at a very notable rate. A¢¢oiiimodation i5 now provided for Sludenis (young adults and FMA) to come and studylleam English. Several Sisters have also availed of the opportunity to use the house for private retreats. We have given the opporninity for about 12 sisteis to ¢njoy retreats, holiday5 or break5. In 501idarity with our intemaiional institute this community welcomes and support5 our Ststers who come io this couniry io learn English. One Sister is a Parish Cate¢hisi for First Holy Cominunions and a visiiing Euchari$tic & Minister Reader in ihe Parish. One Sisier is tlie Local Delegate for the Streatham Co-oper310rs. INSTITUTE OF THE DAUGHTERS OF MARY HELPOF CHRISTIANS OTHERWISE SALESIAN SISTERS OF ST JOHN BOSCO TRUSTEES ANNUAL REPORT FOR THE YEAR EP4DED 31 DECEMBER 2022 * BECKENHAM. LONDON The main Mission of the Cornmuniry is providing a home for de￿itute Asylum seeking women. This yeai there were four, one frotn the Democrati¢ Republic of Congo. one frorn Burkina Faso one from the Ivory Coast and one from Ghana. However. in July, after ¢on5ultation and discussion. it was dwided io close the project due to a shortage of personnel. At this point two of Ihe woinen had received leave to remain in the UK. The project and the eornmunity closed in OctobEr 2022 bul we continue to offer some financial support to the Housing Justice Charity. BLUNDELLSANDS. LIVERPOOL This is the Provincial House. The administration of ihe Province is conducted here. One Sister continued to work on the organisaiion of the Archival Centre until Jttly 2022. This property allows for ProvinciAI gatherings and a place for holiday5 and breaks for our Sisters. family, friends and others. The Mi55ion of this Communiry is also hospitality. ..X44 One Sister is a member of the Governing Body of Si John Bosco Arts College. One Sister work5 voluntarily in All Saint5 Catholic Primary Sehool, Bootle and is a catechigt and support worker in the local parish of Si. Joseph. Sin¢e kptember 2022. one Sister volunteers one day a week at the Irenaeus Centre for Spirituality and Outreach in Wa￿rI00. <• COWLEY, OXFORD Two Sisters volunteer in Our Lgdy'5 RC Primary School. The staff and pupi15 visit the house regularly for pastoral and spiritual support, and support the Youth Club. One Sist¢T 15 the link for Salesiart Srhoo15 Network. One Sister continues Éo volunteer in Grey Friar5 Secondary School. One Sister was a Governor at Our Lady's RC Primary Sch¢x)l until August 2022. One Sister is the local Delegate for the Cwrdtors. Gr¢)up. This is the Community where our sick and elderly SL5ters re¢eive appropriaie care. It IS staffed with a team of carers who are now employed and managed by St John of God Hospilaller Services. The level and quality of the service provided has bee outstanding and had a significant impact, not only on our Staff, but on the lives of our 51Ster5. The Mornese Centre whi¢h, with the help of benefact(K5, the Sisters had buili on their land is Used regularly for a number of activities which benefit the local communiry. These include, 8mong others, Junior Youth Club and Marriage Eneounter. The facilities are also used by the School for conferences, meetings and retreai days. The Centre És run by lis own committee with two Sisters as members. INSTITUTE OF THE DAUGHTF.RS OF MARY HF.LP OF CHRISTIANS OTHF.RWISE SALESIAP4 SISTERS OF STJOHN BOSCO TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBF.R 2022 CROXTF.TH, LIVERPOOL St John B05co Ar¢5 College, Crgxtetb is a Catholic Voluntary Aided Gir15' Comprehensive School in a deprived area of the ity. The Salesian Si51ers are th¢ Trusttts, owning Ihe land and buildiTt85. A new buildin& whicli meets currenl needs, was orricially opened in July 2015. The number on roll is currenily 1,078. 'I'l)c school ha5 a lay he2d teacher. One Sisier is einployed in the school, ort a pan iiine basis. a5 a Youth Worker. Olir Youih Worker offers ongoing pastoral support to pupi15 both on a one-to-one and group setting basis. One Sister 15 on the Goveming Body of the Arts College. One Sistei. is employed in the Laura Vicuna Centre of the College where she gives one-to-one support io siudents with social and ¢Jnotional needs. She ha5 completed her diplojna and 15 a qualified Play and Creaiive Art5 Thernpiu which she otrers to ihe studenls #s well as Counselling. One Sister is a member of the Parish Council ￿ Our Lady Queen of Marlyis. .oE Ihe bDOke I One Sister is a Parish Catechist for Confirniation. One sister teaches gtsithr and leads the music group in the local parish. Onc Sister works on a volliniary basis in o local cotnmunity cenire and since Septeinber one sister works on a voluntary basis at spiritualiry cenire. One Sister was responsible for the Pry)Vit￿laI Archives uniil July 2022. -.roin Sepiember 2022 1)ne sister is ihe Provincial Bur58r. One Sister is the Youth Ministry Co-ordinaior for the Province. VIDES UK has lis otTice and meeting room in the cornmunity house. A Sister is the trustee and works withoiit remuneration. Anotlier Sister is on the Executive Committee. Its activities include youth Icadership trdining, running holiday ￿heMeS in needy areas in Britain and short and lon¥-L¢r]n volunlary work overscas. VIDES Yoluntcers from the UK and abroad come to livc #Iid work. sharing in ¢ommunsty lifE as part of the Outreach Development Team. The Coinmunity offer5 hospitslity for Inany Ineetings and events throughout the year. One Sister visits different nursing homes in ihe local area to tske Communion and visit the sick. 10 INSTITUTE OFTHE DAUGHTERS OF MARY HELP OFCHR15fiANS OTHERWISE SALESJAN SISTERS OFSTJOHN BOSCO TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED31 DECEMBER 2022 + EASTERHOUSE, SCOTLAND One Sister laughi part-time in # lo¢al primary school supporting immigrant children in language skills until the end of June 2022. One Sisier is a delegate foT the local co-operaiors group. One Sister co-ordinate5 the appeals for our Missions in Englandlwales and Scotland. One Sister volunleers in a local primary school. St Benedict'& One Sister gives a short tslk on social media every week and is also the local delegale for the co-operators group in Milton. Glasgow One Sister is the Provincial delegate for the co-OFefdtors. From September 2022. the Sist¢TS of the URSpace projeci re-located to this community bul coniinue to operate URSpace from Newlands. This Mission consists of outreach work to schools, parishes alld youth groups to provide opportunitÈes for the young people io explore and deepen their faith and training for the volunteers in Salesian Spirituality and youÉh work skills. Froin September 2022, one Sister is reS￿)nSIble for our Provincial Social Network siies. a tnember of Salesian Schools Team and a tnember of Vocation5 Scotland Team. One Sister joined the community in September 2022 and she is pan of ihe English Translation Group for our congregalion. One Sister joined the communiiy in November 2022 wilh the specific remit of contacting the local schools io find opetjings to do some clinical hours and to explore possibilities for her work as a counsellor for ieenagers when she has coinpleted her diplom& This Sister is also involved in local Inission io the young people. One Sister is an active member of severdl national and international academic foryJn5 dealing with the history of woinen in religious and is working on the public4ti(m of the early history of the Daughters of Mary Help of Chrisiians (Salesian Sisters) in Britain and Ireland. 4• NEWLANDS, GLASCOW The mission of this community is 'The UR Space Project-. Sisters and Volunteers fomi ihe Community and are fully involved in this. This Mission consists of outreach work to school4 parishes pnd youth groups io provide opp)rtunities for the young people io explore and deepen their faiih and trainints for the volunteers in Salesian Spirituality and youth WOTk skills. One Sister is resp)nsible for our Provincial Social Network sit¢s. One Sister is a member of Salesian Schools Team. One Simer is our representative for CRS (Conference of Religious in Scotland). One SiS￿r is Provincial Bursar. One Sister is a Tnember of Voc￿l0n5 Scotland Team Froin June 2022, the Newlands community h05ted a Ukrainian family (Mum. Dad and three children) through the Government Homes for Ukrainians Project. rroin Septeinber 2022. the community joined the Ea5terhouse communiiy and the URSpace project continued to iise Newlands as 8 base for iheir resources aNI planning work. INSTITUTE OF THE DAVGHTERS OF MARY HELP OF CHRISflANS OTHERWISE SALESIAN SISTERS OF ST JOHN BOSCO TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 SUPPORT FOR WORK OVERSEAS As part of an international institute. thc British Province has many links oversQ5. During this year Ihe Province has 5¢nt fiiiancial 5UPPOrt to our nominated Mission5 in Congo. Hxiti. Ethiopia & Kenya. Various activities were organised throiigh the certtres in Briiain in support of the institute's work abroad. Donalions were rcceived and passed on ihrough the Centrdl Offlce in Rome ihus avoiding admsnistl31ive costs. The communities also welcoine yoiing women from abroad who tome to study English. * PROPERTY As a support to Catholic education, the Province has made availabk sch(M)I buildings and land al litt]e or no rent ai Cowley and Croxteth. S UK VISAS AP4D IMMIGRATION- HOME OFFICE Wc, thc Daiighters of Mary Help of ChYi5tians (Salesian Sistets). are licensed with ihe abovc Allili￿.1lY for Tier 2 and Tier 5. "I"liis means we can sponsor Religious Workers and Charily Workers from outside ihe UK. Ai)plic¢ilions for t]￿ appropriate CertifiCa￿S of Sponsorship will be inade foi Volunieers and Religious Worker5 wishing io conw to Ilic UK whilst living in one of our Coinmunities. We have also achieved Sthilcd Siaius for all the European Sisters within our Province. Iii January 2022, Sr R05alie Mulomb rdurned to her Coininunity in the Con80 after her Visa expiird. She failed to pass her I,'nglish examination to coine back io the Province on Ticr 2. Since theT4 the Beckenham Community h85 closed which means Iliai Sr Rosalie will not return bui will work in her own Province. 12 INSTITUTF. OF THE DAUGHTERS OF MARY HF.LP OF CHRISTIANS OTHF.RW15E SALESIAN SISTERS OF STJOHN BOSCO TRUSTF.ES ANNUAL REPORT FOR THE YEAR EIYDED 31 DECEMBER 2021 PROJECTS & CHARITIES SUPPORTED BY SALESIAN SISTERS VIDES UK ri Ch*ntyMo 1141176 VIDES UK has, al its heart, rhe iraining and developineni of volunlttTS (17 È) to work with children aiid young people at home and abroad. It offers a variety of different Salesian Projects. The volunteers WOTk in areas of social disadvantage and htgh unemployment. Through VIDES Hangoui, training and forn￿1￿0n are also offered to Young Leaders (age 14-16). This year VIDES UK began a new Projec( "Anima" This is a week-long iesideniial project which offers leadership t13ining to pot¢ntial new volunteeis. Sr Ann¢Frances McNamee is a director of VIDES. j Space.... 1111 Space is a Salesian Outreach Project set up by ihe Salesian Sisiets. offering Gap Year Students (17+) the possibility to live 111 ¢1 Salesian Chri51ian Coinmunity and work with childr¢n and young people io explore and deyn their faith. Young people atL al the heart of Ihis project and the training and forniarion of ihe Volunittrs is cenrral io the niission of this Gap Yeai. cxperience. cclieiili2d ni ProjL'rl- H05ting De$litute Asi Seeker5 The Beckenham Projeci was set up in re5POn5¢ lo the refugee and iininigration cri515 that 5wepl acro_%s l.'uiDpe. 'fhe vision of this new mission is 10 Crea￿ a home iogether to welcome. suppon and accompany de￿Ilu1C JrfiiiJL* wDmLn through our Salesian Presence. They will do that by: being open io difference and r¢5perting one aTh￿her working collaboratively with Housing Justice and other Agencies supporting Asylum Secke making lime to pray, reflect and revisit ihe Yision and Inission Allci. Inucl) prayer and Tefle¢lion discetnmeni, il was decided that we could longer sust8in thi5 project. This was a difficult deLision to Inake. The Beckenham project finished in (kiober 2022 due to lack of personnel. We are coniinuing io support tivo ofihe ladies via Housing Justice. Association of S•l¢si&n Co-operators -rhc Association of Salesian Cfroperaiors is composed of men and women who follow the spirii of the founder of the Salesian movemeni, Si. John Bosco, sharing wilh the Salesian F*h¢rs and the Salesian Sisier5 the same charism within the Chiirch. They Work particularly for ihe g¢￿d of young people. helping to build up the ¢oinmiinity in their local areas. working in the mission of ihe SisTers wherever possible. Many work in scl)ools, parishes and outreach projects. making a real impact on the live5 of ihe poor and e5pecrally of poor and disadvalltaged children and young people wirh a particular focu5 on the family. In each Cenlre, orhginally established by the Salesian Sisters, a Sisrer is appointed as the Delegate. attends their meettngs and offers ongoing Forniation. 14 IP4STITUTE OF THE DAUGHTERS OF MARY HELP OF CHRisfiANS OTHERWISE SALESIAN SISTERS OFSTJOHN BOSCO TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 SPOTLIGHT As a charity supported by the Salesian Sisiers and with l FMA s Dire¢lor. VIDES UK has at its heart ihe trnining and development of volunteers {17-) to work with ¢hildren and young people at home and abroad. It offers a variety of different Salesian Projects. Over the lasL few years VIDES UK ha5 aimed to provide focused training and opportunities for development for young people who were not yet 17. In 2017. VIDES UK launched a new project within our Organi￿lOn called Hangout. The project ￿ designed io spot young people who had hug¢ potential of being great youth leaders, but were not yel old enough to volunteer on our camps and projects. Since then. we have been looking out for young people on OUT projects who display all (he qualities it lakes io be a dedi¢at¢d VIDES volunteer and have successfully [eC￿lted and retained many young leaders who have progressed through our young 1¢8der PrOg￿nMe and now lake leading mles within our projects as VIDES volunteers. We know that we have great links With schools and coirnnuniiy leaders acros5 th¢ UK and wanted to reach out a little further io find fantastic young people who would blossom given the opportwjity to try something new and be given an active experience of the role of a volunleer. 2022 saw the launch of VIDES Aniina - a new project designed to give young people. aged 13-16. a platform to shine a5 young leaders. Anirna, meaning 'soul', Is OUT new approach in ta¢kling important issues (hai our youn8 people fa¢e in the world today. One of The fundamental aims within VIDES is to fuel a generaiion of change. We believe eath young person is a protagonisi in their own srory and want to give them the l¢x)Is they need to become Acrive Citizens, Inaking changes within their communities that will benefit thc wider world and our global family. Anima was a week-long residential project which ran twice {April and August) in 2022. Young people froin around the UK came togeiher in Perttrenant Hall, Wales and participated in Workshops in the areas of Plastic Polltttion, Safe Water, Climate Change and Youth Mental Health. Thi5 led to the young people creaiing their campaigns for change linked to the topics they feli most passionate about. They shared these campaign5 in their local schools, through VIDES UK'S Social Media and by delivering speeche4 drama5 and songs to our invited panel of Salesian Sisters. The young people also had Inany opportunities to ineet cultural, geographical and social diverstty as they worked on groups with other young people from around the UK- Ihey participated in organi5ed recreations and team games. They were also encouraged to own iheir own leadership in many ways. from participaiing in th¢ project evaluation to eleciing our very first VIDES Youth Council Inade up of young people who participated in both weeks of Aniina. This Youth Council represenis all the young people involved in VIDES projects and act as an advisory group to our leam in order to ensure whai we prepare and deliver to our young people stays cu)Teni. fresh and relevant. Anitna ha5 been a great addition to the work of VIDES UK and the many young people who are involved give us great hope for the future of the Chatity and the Salesian charisnL INSTITUTE OF THE DAUGHTERS OF MARY HELP OFCHRISTIANS OTHERWISE SALESIAN SISTERS OFST JOHN BOSCO TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED31 DECEMBER 2022 Mother Chiara's Visit to the Province 23 October- 2 November 2022 Mother Chiara CazzLioIa, Sup¢rior General of tlie FMA Salesian Sisiers cam¢ to visit thc Proviiice and be witli tlie Sisters at this tiin¢ of needed change of our communities and missioii. l-he change is lo h¢lp lis respond to th¢ needs of young people today. This was her first visit lo ih¢ UK aiid diiring tlie5e days she visited each coinmiinity. Moilicr Chiara was able to spciid tiine with each sister lid io iiieet with sonie of Ollj. Lo-workers. !! 16 INSTITUTE OFTHE DAUGHTERS OF MARY HELP OF CHRisfiANS OTHERWISE SALESIAN SISTERS OFST JOHN BOSCO TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 FINANCIAL REVIEW The charity income of £881,698 in 2022 (2021.. £869.748) and expenditure of £1,444,795 Q021.' £1.323.969) resulied in net expendiillre before net gains on investments in the y¢¥r of £563.1)97 (2021= £454221). Fin&ncial Dependenee The Institute underpins the finance5 of the Province. During the year the Sisters have received some small sums from benefathors for their work. Unless the donor states a specific use for such offerings they are credited to the General Fund io enable the Sisters, os part of their commitment io education. to sub5idi5e educative events, with related iravel and accommodation costs, foryoung people. Tjie Charity ha5 links with VIDES UK which wa5 Sei up by the Salesian Sisters. The T￿Stee5 of the Salesian Sisters do not form the Inajority of Trustees of this Chariiy. which is Jjot in the direct control of the Salesian Si5ter5. The Charity made an annual donation to VIDES UK of £10.000. YIDES UK- Charity number 1166876 - promotes trnining and development of young people for voluntary service at hoine and abroad. VIDES UK incorporated as VIDES UK (CIO) on l July 2017. Reserves Policy At 31 December 2022 the Chariiy's nd assets st(K)d at £12.92m (2021.. £14.2m). Of this. £7.12m (2021-. £7.30m) represents properties and related capital commitinents rcquired for the continuing work of ihe charity. These cannot be realised without undermining ihe chariiy's activities and a designated fund exists to reflect this requirement. Funds of some £5.69m (2021.. £6.85m) have also been designated in respect of the charity's on-going commitmeni io provide for the tare of the Congregation's members. The Trustees estiTnate thal a fund in excess of thi5 sum will be required to provide fully for meinbers. We are keeping in mind that the recommended amount needed in reserve for each Sister is in the region of £125.000. increasing 10 £225,000 if r¢sidential or Dursing care is required. The balance in General funds is £Nil {2021= nil). The sisters conlinually monitor financial performance and will draw down on designated funds to fund ongoing expenditure if regul8r income 51Teams are insutTicieni in the short tenn. The Trustees will continue to look to ways to build up its general furth in fvture years. Investment Power5, Policy and Performanee In accordance with the trust deed, the Trustees have the wwer to invest in such stocks, shares, investments and property in the UK as they see fit. They have also allocated 5um5 lo an inlernal retirement fvnd placed wilh Barelays W¢ahh. This fund amounted to £6.33m on 31 De¢ember 2022, a decrease of IOU/0 during the year. Given the level of risk the Trnst¢es are willing to undertake- the ums are $4tlsfaclory when compared to market movements. FUTURE PLANS AND COMMJTMENTS > Restructuring our communiries to maximise poieniial for life giving mis$ion to the young > Maintenance and modification of our properties for our mission io ihe young > Grants 10 Associated Charitie5 > Car aTrd equiptnent replacernents > Sabbaticalltraining foi. mission > Forfflation of tnembers > Development of Youth Pa51or&l Ministy > linplement2(ion of the XXIV General Chapter 17 IN.STITUTE OFTHE DAUGHTERS OF MARY HELP OFCHRisfiANS OTHF.RWISE SALESIAN SISTERS OF STJOHf4 BOSCO TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 FUNDRA151Tr4G I'lic chai'iry manages its own ￿ndraising activities and does not employ the serwces of professional fundraisers. We do not engage in cold-callin& door to door or sireet ￿ndraISIng. The charity is thereforE not rtgistered wilh the FundiBising Regulator. No coinplainis about fundraising activitie5 have been r￿e1Ved during the year. The chariiy has policies in place to protect vulnerable donors. 'I'lie tru5lees are of the opinion that the charity's overall fundraising wfonnance was good a￿1 wa5 conducted in fully a¢coTdan¢e with the above princÉples. STATEMENT OF TRUSTEES RESPONSIBILITIES The Trustees are yes￿)nsIble for preparing the TrUS￿e5, Annual Rcwrt and tlie fjnancial statcinents in accordance with applicable law and United Kingdom Accounting Stsndards (United KiiTrgdom Generally Accepted Accounting Ptactice). The law applicable to charities in England and Wale5 requires the "I'riistees of the charity to ptepare financial stateinenls for each financial year which give a true and fair vicw of the state of affairs of the charity and of the incol￿1ng resoui'ces and application of resources of the charity for ihat ￿riod. In preparing financial staternenis, the Truslees are required to.- select suitable ac¢ounling policies and then apply them consistently observe the meth¢xls and principles in the Charitie5 SORP iiiake judgeiiieiits and estimates thai are reasonable arKI prudent State whether applicable accounting standards have been followed. subject to any maierial (kparture5 disclosed and explaiTbcd in the financial staiements prepare the financial statements on ihe going ￿nCern basis unless it is inappropriate to 8S5ume that this basis applies. The Trustees are responsible for keeping proper accounting re￿rdS which disclose with rtssollablc ac¢uracy. ar any lime, the financial position of the chariiy and to enable ihem to ensure that the financial 5tatemen15 comply with the Chariiies Ac(2011. thc Charity (Accounts and reports) Regulations 2008 and with ihe Trusi Dttds dated 7 Augusi 1962 and 6 Sepieinber 1965. They are also Irspon5ibl¢ for safe4yuarding the assets of the chariiy and hence for thking reasonable 5¢eps for the pTev¢nlion and detection of fi7ud and other itTegularities. Approved by ihe Trustees on 2 June 2023 and signed on rheir behalf by= Sr 13ertLadeite Cassidy I'iiisiee INDEPENDE[*￿ AUDITORS. REPORT TO THE TRUSTEES OF SALESIAN SISTERS OF ST JOHN BOSCO Oplnlon We have audited the financial statements of Salesian Sister5 of St John Bosco for the year ended 31 Decanber 2022 which comprise the Statement of Financial Activities. the Balance Sheei. the Statement of Cash Flows and notes to the financial Sta￿MentS, including a summary of significant accounting policies. The financial ieporting framework that has be¢n applied in iheir preparation is applicable law and Uniied Kingdom Accounting Stsndards, including Financial Reporting Standard 102 The FiF7ancial Reporting SiandoTd applicoble in ihe UK Repiiblic of Irelund (United Kingdom Generally Accepted Accounting Praciice). In our opinion, the financial siatements.. give a twe and fair view of the slate of the charity's affairs as at 31 December 2022 and of the charity's nei movement in funds for the year then ended. have been properly prepared in accordance with Uniied KingdoTll Generally A¢¢epted Accounting Practice. and have been prepared in accordance with the TequireTnenls of the Charities Act 2011 and the Charities and Trustee Investment {Scoiland) Act 2005 and regulation 8 of the Charities Accounts (Scotland) Regulations 2006. B85is for opinion We have been appointed as wditor under sectton 144 of the Charities Act 2011. and seciion 44(IMc) of the Charities and Trustee Investment (Scotland) Act 2005 and report in accordance with the Acts and relevant regulations made or having effeci thereunder. We conducted OUT audit in accordance with Inrernational Stsndards on Auditing {UK) (ISAS (UK}) and applicable law. Our responsibilities under ihose standards are funher described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independeni of the charity in accordance with the ethical requireinents thai are relevant to our audit of the financial st￿eMentS in ihe UK. including ihe FRC'S Ethical Standard, and we have fitlfilled our other ethical responsibilities in accordance with these requirements. We Ixlieve that ihe audit evidence we have obiained is sufficieni and appropriate to provide a basis for our opinion. Conelusions relating to going concern In audiiing the financial stateinenis. we have concluded that the in￿teeS. use of the going concern basis of a¢¢ounting in the preparation of the financial statements is appropriaie. Based on the work we have perfornied. we have noi identified any material uncerfainlies r¢lating to events or ¢ondition5 that, individually or colleciiyely. Inay wi si8nificani doubt on the charity'% ability to contiiiiie as 8 going wncern for a period of at leas( twelve months froin when the financial staieinents are authoris¢d for issu¢. Our resEX)nsibilities and the reS￿nSibilItieS of the trustees wilh resw to going con¢ern 8r¢ described in the relevant Srftions of this report. Other informalion The trustees are responsible for the other infornvdtion. The other infornAiion wmprises the information included in the Trus(ees' Annual Report. Our opittion on the financial statements di)¢s nol cover the other inforination and. except ¢0 the extent otherwise expliciily stated in our report, we do not express any forn) of assurance conclusion thereon. In ¢onnection with our audit of the financial statements, our responsibility is io read ihe oiher inforniaiion and. in doing so, consider wh¢ther the (Trther information is materially in¢onsistent with the financial siaiemenrs or our knowledge obiained in Ihe audit or otherwise appear5 tg be Inateri211y mi55tated. If we identify such material iDconsisiencies or apparent marerial mi5Statetnents, we are required to determine whether there 15 a material misstateinenr in the financial statements or a material mi5Statetnent of the other information. If, based on the work we have perfornied. we conclude that there is a material mi5ststetnent of tht5 other Information, we are required to report that fact. We have nothing io rep)rt in this regard. Matters on which we are required to report by exeeptiott We have nothing to report in respect of the following matters in relation lo which the Charities (Accounts and Reports) Regulations 2008 and the Charitie5 Accounts Iscotland) Regulations 2006 Tequire us io report to you if, in our opinion= adequate accounting records have not been kepi by the charity. or sufficient and proper accounting records have not been kept,. or the charity financial stat¢in¢nts are not in agreement wilh the accounting records and rewrns.. or we hav¢ not r¢¢¢ived the infomiaiion and explanaiions we require for our audit. 19 INDEPEP4DF.NT AUDITORS, REPORT TO THF. TRUSTEES OF SALESIAN SISTERS OF ST JOHN BOSCO Re5PO115ibTlities of trustees for the fillANtlal stattments As explained I￿ore fully in rhe trusrce5' rcsponsibilirics siatemeni set out OD page 16, the Iru5tee5 are Tesponsibl¢ for th¢ pirparaiion of ihe financial siarements and for being saiisfjed ihai ihey give a true and fair view, and for such internal conliol as Ihe Irusiees deteniiine 15 ne¢eswy w eiiable the preparaiion of financial stateni¢nts that JTe free froiii Jnaierial niisstatement. whether due io fra￿1 or error_ In preparing the fiiianeill sthtements, the trusttts are responsible for assessing the chariiy's ability to continue as a going coiiccrn, disclosing, as applicable, maiteis ielaied io going Concern and using the going concern basis of accounting unless the Irih%lcc5 either intend to liquidate ihe charily or to cease 0￿rationS. or have realistic alternative bul to do so. Aiiditor's responsibÉlities for the audil of the financial statements Oiir objectives are to obiain reasonable assurance about whcrher the financial statements as a whole are frtt froin inaterial Ji)issiateineni. whether due to fraud or error, and to issue an auditor's rerMTrrt that include5 our opinion. Reasonable a%sLbraiice is a high level of assurancc, but is not a guarantee ihat an audit Co1￿￿cled in accordance with ISAS (UK) will always detect a maierial misstateincni when it exisis. Misstatements Can arise froin fraud or error and are considered material if, individiially or in the aggrcg8tc, diey could re&son8bly ￿ expected to influence the economic decisions of users taken on the basis of these financial statejnents. IrregulaTlties, including fraud, are instances of non-compliance with laws and reoulaiions. We design procedures in line with our responsibilities, outlined above, to detect material misstaiements in iespect of irregularities, including fraud. The cxtcnt to which our procedures are capable of dete¢iing irregularitie4 i￿]udI11g fraud is detailed bclow.. Based on oiir undersianding of the charity and the environmeni in which it OFerates, wc identified that the principal risks of non-compliance with laws and regulaiions relaied ro compliaiKe with employment law aiid we considered ihe extent to which noii-conipliance Inight have a mat¢rial effeci on ihe fiiian¢ial $14i¢ments. We also coiisidered those laws and regulations that have a direci impaci on ihe preparation of ihe financial %thicmcnls sI￿h as ihe Chariiie5 Act 2011. We evalliated management'5 inceniives and oprMJnunilie5 for fraudulent M￿lP￿1￿10￿ of thc financial slat¢m¢nts (including th¢ risk of override of controls}, and detertnined thai the principal risks were related to Ihe recogni(ion of incoine froi lo&acies and donati(Trn5. Audit procedures perfomed by the engagemeni team included.. Inspecting minules of Trustees, ￿eetings,. Ileviewing calculations for depreciation including wiewing estimated useful economic lives. Irispectin8 correspondence with regulators and tax authorities. Disciissions with Inanageineni including consideration of known or su5pttied instan¢cs of DoJi-coJnpliance wilh law5 nd regulation and fraud. Lvaluaiing management's conirols designed to preveni and deteci iTTegularilies' Reviewing valuations of irtvesimenis. and Challenging assumptions and judgements made by manatsemeni in their cri(ical accounting estimates. The only sigiiificant critical area subject to Judgeineni or estin￿lI0n in these accounts is ihe esiiinated useful lives of fixed asseis. Becaiise of ihe inhercni limitations of an audit. there is a risk that we will not ddect all irregulariti¢& including those leading io a material iiiiss¢aieineni in ihe financial staiements or non-compliance with regulation. This risk increase5 the more that coinpliance wilh a law or regularion is Temoved from the events and transaerions reflccted in the financial state1￿ents, as we will be le55 likely to become aware of instances of non-cornplhance. The risk 1% also greater regarding irregulariiies occurring due to fraud rather than error, as fraud involves iutentional ¢onctslmenL fwgcry. ¢ollusion. omission or misrepresenkiion. A further description of our respotsibilities for the audit of the financial siaiemenis is locaied on the Financial Reporting Council's w¢bsite at-. . This descriwion forn￿ part of our audiior's report. 20 INDEPENDENT AUDITORS, REPORT TO THE TRUSTEESOF SALESIAN SISTERS OF ST JOHN BOSCO Use of our report This repon is Inade solely to the charity'5 trustee5, as a body. in accordance with section 144 of the Charities Act 2011 and regulations made under seciion 154 of that ACL and section 44(1)(c) of the Chariiies and Tru5tse Investment (Scotland) Act 2005 and regulaiion 10 of ihe Charities Accounts (Scoiland) Regulaiions 2006. Our audii work has been undertaken so ihat we Inight sta(e to the charity's irusiees those Inal￿rS we are required to Sta￿ to Ihem in an Audiiors repon and for no other purpose. To the fullest extent pennitted by law, we do not accept or assume responsibility to anyone other than the charity's ¢rusiees as a body for our audii work, for this report or for the opinion5 we have formed. Haysmacintyre LLP Statutory Auditors 10 Quten Street Place London EC4R IAG 2023 Haysmacintyre LLP is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006 21 INSTITUTE OF THF. DAUGHTERS OF MARY HELP OF CHRISTIANS ()THF.RWISE SALESIAf4 SISTERS OF ST JOHN BOSCO SI'ATF.MF.f4T OF TrINANCIAL ACTIVITILS FOR THE YEAR ENDED 31 DECEMBER 2022 De51gMated FuDds Property Rctirtmtnt Fund General Re5trirted FuDd r4otes Funds 2022 2021 INCOME FROIM.. 168.899 16&899 159,474 C'li¢iriioble ¢7CtIVllles Si51cis Salarits and p￿7510￿5 l)onaiions (Iihcr in¢oit)¢ 68&695 24.029 75 688,695 24.029 75 569.412 134,844 6,018 Tolal 881.698 881,698 869,748 EXPEP4DITURE Oiy: Cjiaril￿bIE ttcliviiies.. SUp￿rt of membeTS hnd l.243.55J 30.067 171.175 1.414.728 30.067 1,286,649 37.320 MixsioJ)s and chariiabl¢ giying 1.273.620 171.175 1.444.795 1,323.969 NL't lexpeThditurt)fJiicome btfor¢ {391.922) 1563.0971 {454,2211 'L% uiain5 on invesimeiiis 1761.5891 1761.5891 674.491 N'LI Iciwditureyincome 1391.9221 (761.5891 (1.324.686) 220.270 'IrUnSf￿ bctii.een 391.922 {391.9221 Net movement in fuDds {1.324.6861 220.270 Re¢on¢iliation of funds ruiid Balanc¢s brought fon%ard 7.276.530 6.847.682 117,051 14.241.263 14.020.993 Fund Balante5 ¢#rried forwATd 7.105.355 5.694.171 17,051 12.916.577 14.241.263 There were no recognised gains and losses other than those included above. All of the charity's aciivities during ihe above iwo financial years derived from continving aaivities. The accompanying noies forn) pan of ihese accounis. 22 INSTITUTE OF THE DAUGHTERS OF MARY HELP OFCHRISTIANS OTHERWISE SALESIAN SISTERS OF ST JOHN BOSCO BALANCE SHEET AS AT 31 DECEMBER 2022 2022 2021 Notes FIXED ASSETS Tangible fixed 8ss¢lS Investments 7.124,636 6,332,680 7.303,432 6.964,918 13.457,316 14,268,350 CURRENT ASSETS Debtors Cash at bank and in hand 60,407 253.277 70,730 706.787 313.684 777.517 CREDITORS: Atnount5 falling du¢ Within one year (854,423) (804.604) NET CURRENT LIABILITIES (540,739) (27,087) NET ASSETS 12.916,577 14,241.263 FUNDS Unrestricted Funds Designated Funds.. Retirement Fund - Property Fund 10 5.694.171 7.105.355 6.847.682 7.276.530 12.799J26 14.124,212 Reslri¢t¢d Funds 10 117.051 117.051 12,916,577 14241,263 The financial siaiemenis were approved and aurhorised for issue by the Board of ihe Trustees on 2 June 2023 and were signed below on its behalf by: Sr Bernadette Cassidy Trustee The accompanying notes fortn part of these accounts. 23 INSTITUTE OFTHE DAUGHTERSOF MARY HELP OF CHRisfiANS OTHERWISE SALESIAN SISTERS OF ST JOHN BOSCO %TAI"F.MF.NT OF CASH FLUWS rxa FOR THE YEAR ENDEDJI DECEMBER2022 2022 2021 Cash flows from operating aetivities: Nel Lfl.Ili providedby (iijedin) operuling uclivilies (493.058) (561,454) I'a5h flows from investing a¢tivities= Dividends, inteTest and rents from invc5trnents Proceed5 froin the sale of property, plant And eqiiipineni Purchase of properry. plani and eqUi￿nent Pioceed5 fi.ojn sale of investments Piirchase of investments 168.899 159.474 6,991 (23,000) 3.748.503 (3,464.384) 962.525 (997,492) Net cash provided by investing activities 133.932 427,584 Change LTI Tltt Cash in the reporting period 1359.126> (133,870) Net cash at the FRglnnlng of the reportlng period 782,388 916,258 Net eash at the end of the reporting period 423.262 782,388 Rlyibiiciliation of Det Thovement in funds to t4$h flow frorn opernting attivities 21J22 21121 Net movement in funds {1.324.6861 220,270 Adjustmtnts for: Dcpreciation charges Cjains on invcstinents Dividends, intcrest and rents from investments Gain on the sale of fixed asseis Decrease in debiors Increasd(decrease) in CredI￿rS 178,796 761,589 (168,899) 186,712 (674,491) (1 $9,474) (5.918) 27,961 (156.514) 10,323 49.819 Net provided by (used in) operatine activities (493,058) (561,454) Analysls of net debt Cash in hand Other short term cash equivalents 253,277 169,985 706.787 75.601 Total net debt 423,262 782.388 24 INSTITUTE OFTHE DAUGHTERS OF MARY HELP OF CHRisfiANS OTHERWISE SALESIAN SISTERS OF S7 JOHf4 BOSCO ACCOUNTING POLICIES FOR THE YEAR ENDED 31 DECEMBKR 2022 Gener¥1 Information The ChaTity is regisl¢r¢d in England and Wales (charity no= 1165097) and Scotland (charity no.. SC039657). The Charity's principal office a(Idress is 19 Trinity Road. Booile. Liverp￿1. L20 7BD. 64 Dowhills Road, Blund¢llsands, Liverpool, L23 8SP. The Charity is a Public Benefit Entity. Basis of accounting The accounis (financial statements) haye been ptepared under the historical cost convenlion with items recognized at cost or iransaction value unless otherwise stated in ihe relevant notel5) to these accounts. The financial staiemenrs have ken prepared in accordance with the Staiemenl of Recommended Prdctice for Charities (Second Edition. effecrive l January 2019), Ihe Financial Reporting Siandard applicable in the United Kingdom and Republic of Ireland (FRS 1021 and the Charities Act 2011. Going Concern The Trust¢e5 of the ¢harity ha￿ wn¢luded that there are no material uncertainiies related io events or conditions that may cast significant doubt on th¢ ability of the charity io continue as a going concern for Ihe foreseeable future. Given the charity's level of reseTves available at the year end. the Tn￿leeS consider ihaE the chariiy has adequate ie50urce5 to continue in operational exi5ten¢e foT the fO￿5¢Cab]e future. Invesimenis are expecied io coniinue to provide an incoine although this may be diminished in the iminediate future with the current situaiion. However. Invesimenis assets are sufficient enough to finance the aclivitie5 of the charity if need be. Accordingly. the financial siaiemenis have been prepared on a going concern basis. Ineome All incoine 15 recogni5ed once the charity has entiilemeni io income. li is probable that income will be received and the amount of income re¢eiwdble can be measured reliably. Invesrmeni income consists of interest receivable and is a￿OUTrted for on an accruals basis. Sister$, Salarie5 And Pension5 Sisters, salaries and pensions are received under deeds of c0ven￿t and are stst¢d inclusive of income bui net of any deduction5 for social security payments and contributions io occupational pension scheines. Legacies and Donations Legacies and donations are recognised when receivable or when the Charity b¢¢otnes legally entitled io thein. Receipts of property, investinents or oiher gift5 in kind are included at market value at the time of receipt. Expenditure Charitable expertditure consists of all expenditure relating to th¢ objects of the Charity. All costs are directly attiibutable to the activities under which they have becn analysed. Governance costs include expenditure on the governance of the charity and its asseis and are primarily associated wilh constitutional and statutory requirements. Governance cosi is allocated in line with support costs. IrTttoverabl¢ VAT is included with the category of expense io which li relaies. Leases Payinent5 under operating lease5 are charged io the Staiement of Financial Activities on a sirnighi line basis over the life of the lease. Tangible Fixed Assets Freehold land and buildings owned at l January 1997 are stated ai their estimated Existing Use Value. The valuations are based on a report prepared by Pl&yle & Company purely for the purposes of providing a value for inclusion in the Charhty's accounts. Subsequent addition5 are capitalised ai cosl. Certain 5¢hool properties owned in the name of the TThsttts are occupied and run by independeTrt ¢harilies in the fom) of Voluntary Aided Schoo15. There are significant legal res(riciions on the disposal of these propertie5 under Education legislation. The Trustees consider their ownership to be in the naluTe of a custodianship of the assets and they a￿ therefore not capitaliSEd in the financial statements. Details of these properties are ser out in the notes io the accounts. Oiher tangible 25 fixed asseis over £500 are capitalised at cosi. 26 INSTITUTE OFTHE DAUGHTERS OF MARY HELP OF CHRISTIANS OTHERWISE SALESIAN SISTERS OF ST JOHN BOSCO ACCOUNTING POLICIES (Co￿tINued> FOR THE YEAR ENDED 31 DECEMBER 2022 Tangible Fixed Assets (continued) Depreciation is calculated by the straight-line method to write off the costlvalue. less anlicipaied residual volue, over the expected useful lives of assets as follows= Freehold buildings Leasehold buildings Furniture and equipment Motor vehicles Building under construction is not depreciated. 50 years 50 years or the tern) of the Icase if under 50 years 5 yeart 4 years Desig1igt￿ fund$ These are funds Set aside by the trustees out of unrestrictcd generdl funds for 5pecifi¢ fvture purposes or prospect5. Further details of the designated funds are shown in Note 9 to the accounts. Investments Quoied investinents are valued at their markel value on ihe balance sheet date. Changes in markd value are reflecied in the Statement of Financial Activities. Realised g#lns and losses All gains and losses are taken ro rhe siaiemeni of flnancial activilies as they arise. Realised gains and 1055es on investments are calculated as the difference between sale ptoceeds and opening markei v81ue (purchase date if lttterl. Unrealised gains and losses are calculated as the difference beiween the markei value at the year end and opening market Wdlue (pur¢hase date if later). There were no realised gains and losses in the year. Debtors Trade and other debtors are recognised at the settlement amour]t due after any trade discount off¢red. Prepayments are vplued al the amount prepaid net of any trade discounts du C4sh gt bank snd in hand Cash at bank and cash in hand includes cash and short term highly liquid investments. Creditors and provi5ion5 Ciediton and provisions are recognised where the charity has a present obligatton resulting from a past event that will probably result in the transfer of funds to a third party and the ainount due lo settl¢ the obligation can be measured or estiinated reliably. Creditor5 and provisions are normally rec¢)gnised at their settlement wnount after allowing for any trade discounts due. Employee benefits Short ttrm benefits Short terill benefit5 including holiday pay are recognised as an expense in ihe period in which the service is reeeived. Employee termlnatlon benefits Termination benefits are accounted for on an accrnal b￿lS and in line with FRS 102. P¢n$ions The Chariry operdies a personal pension plan for stsff which is 8 defined contribution s¢h¢me and conlribulion5 are accounted for as a charge to (he SOFA in the period io which they related. Critieal Aceollntlmg estlmates #nd judg¢ment5 In the application of the Charity's accounting ￿licies. the Trustees are required to rnake judgements, estiinates artd assuinpiions about the carrying amount of assets artd li8bililie% that are not rtadily apparent from other source5. The estimates and associated assumptions are based ort historical experience other frJctors that #re considered to be relevant. Actual results Inay diffei. froin these estimate The estimates and underlying assumptions are revÉewed ort art ongoing basis. Revisions to accounting estimates are recogrtised in the peri¢xl in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods. The only significant critical area subject to 27 jLidgeineiit or esiiination in these accounts is the esiimaied useful lives of fixed assds. 28 INSTITUTE OFTHE DAUGHTERS OF MARY HELP OFCHRISTIANS OTHERWISE SALESIAN SISTERS OF ST JOHN BOSCO NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR Ef4DED 31 DECEMBER 2022 INCOMING 2022 2021 Investment income arising from.. Bank deposits and Quoted investments 168.899 159,474 EXPENDITURE Staff Costs Governante Costs Total 2022 Total 2(J21 DepT¢ciatio Other Choriioble L7Ciivilies'. Support of members and their ministry Mission ond charitable giving 120.580 178.796 31.558 1,083.794 1,414,728 1,286.649 30,067 30,067 37,320 120,580 178.796 31,558 1.444.795 1,323.969 Coniporfjftve tsliolysls Tot#1 2021 Choi'iloble QCiivilre5'. Support of members and their ministry Mission Ènd chariiable giving 88.144 186.712 23.254 988.539 1,286.649 37.320 37.320 88,144 186,712 23254 1,025,859 1,323,969 Included in Govern2n¢e costs 2022 2021 Auditor'5 remuneration (net of VAT) Audit Oiher services 14,700 3.775 12,800 3,150 St¥ff Costs Wages and salaries Redundancies Social Security Costs Pen510llS 81,432 30,000 7,304 1,844 79.527 6.822 1.795 120,580 88.144 The average monthly nuTnber of eJnployee5 per h¢ad¢ount in the year wo$ 412021: 5). No employee5 earned more ihan £60,000 during the year (2021.. Nil). The key manag¢Jnent personnel are the Provincial, Provincial Secretary 8t￿ the Provincial Bursar. The5¢ members forgo r¢inunerdtion for the benefit of the charity. As a resuli there is no policy for setting pay. 29 INSTITUTE OF THE DAUGHTERS OF MARY HELP OF CHRISTIANS OTHERWISE SALESIAN SISTERS OFSTJOHN BOSCO NOTES TO THE FINANCRAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2022 TRANSACTIONS WITH TRUSTEES AND RELATED PARTY TRANSACTIONS The trustee5 of the Charity are also members of the knicly and as such httve taken vows of poverty linder which they have renouneed all personal right5 to incoine and Capilal. "I"he Charity provides for the essentl81 needs of all ine1￿beT$ of the Society within the Province. The living costs of tli¢ four trustees are therefore borne by the Charity. None of the Trustees received Any remuneration or other benefits in connection with their duties as Tnjsiees during the year. 'I'liere were no other related party iransactions during Ihc ycar12021.' Nill TRANSFERS BETWEEN FUNDS 21122 2021 General Funds De5ignaied Fiinds- Re(iretnent Fund further amounts (deiluctedyadded in the year Property Fund - net fund5 allocatd in the year 391,922 339,043 (391.922) (339.043) See Note 10 for further details on the movement in fund%. TANGIBLE FIXED ASSETS Freehold land & Bvildings Leasehold Iluilding5 Furn & Equiprnent Motor Vehieles Total COST OR VALUATION At l January 2022 Additions 6.983.382 2,082.557 50.742 144,611 9.261,292 As fit December 2022 6.983.382 2,082,557 50.742 144,611 9,261,292 DEPRECIATION At l January 2022 Cllmrge for the year 1,480,613 129.524 308,795 41.651 46,777 2.893 121,675 4.728 1,957.860 178.796 At 31 December 2022 1,610.137 350.446 49.670 126.403 2.136.656 NET BOOK VALUE At 31 December 2022 5.373.245 .732.111 .072 18.208 7,124,636 At 31 De¢embei' 2021 5,502,769 1,773.762 3,965 22,936 7,303,432 Apart from a sinall proportion used for management and administrative purposes, all fixed assets are held for chariiable PUTpose5. There are also school propertie5 registered in the name5 of the Trustees. As all rights and obligations in respect of these properties have effectively been ttansfeTred io (he Govemors of the schools. Ihe Trustees consider their ownership to be in the nature of a custodianship of (he assets and they have therefore noi been capiiali5ed. Thcse properties are: . St John Bosco Arts College. Croxieth. Live)pool_ In 2013. part of the College land wps sold by the Charity to the Lo¢al Authority under a leasehold agreement. Thc charity has a reversionory interest which ¢an be exer¢i5ed for a consideration of £10 at the end of the lease period. tand used os play area by OUT l￿d￿S School, Cowley. These schools arc bcing maintained by the Local ￿UcatiOn Authority. 30 IIYSTITUTE OF THE DAUGHTERS OF MARY HELP OF CHRisfJANS OTHERWISE SALESIAN SISTERS OF ST JOHN BOSCO NOTES TO THE FIIYANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 21)22 INVESTMENTS 2022 Quoted 2021 Quoted Balance at l January 2022 Addilions Disposals Net gains on revaluation 6.889.317 997.492 (962,525) (761,589) 6.498.945 3.464.384 (3,748,503) 674,491 Balance at 31 D¢c¢mber 2022 6,162,695 6,889,317 Cash held for reinvestment 169,985 75.601 Balance at 31 Dectrnber 2022 6,332,680 6,964,918 C051 *t JI December 2022 6,067,158 5,919.000 DEBTORS 2022 2021 Prepayments and accrued income Sundry debtors 15.0(Kl 45.407 14.906 55.824 60.407 70,730 CASH AND CASH EQUIVALENTS 2Q22 2021 Cash at bank and in h8nd 253,277 706,787 CREDITORS 2022 2021 Other creditors PAYEINIC Accrnal 774,783 774,370 1.679 28,555 79,640 854,423 804,604 10. MOVEMENT IN FUNDS General FuDd Property Fund Retirement Fund Restricted Fund Total 2022 Funds as at l January 2022 N¢t (exp¢Dditure)iincom¢ Net gains on inv¢stm¢nts Trattsfers between funds 7276,530 (171,175) 6,847.682 117,051 14.241.263 (563,097) (761,589} (391.922) (761,589) (391.922) 391.922 Funds a¢ 31 Deeember 2022 7.105.355 5.694.171 17.051 12.916,577 INSTITUTF. OF THE DAUGHTERS OF MARY HELP QF CHRISTIANS o'rHERWISE SALESIAN SISTERS OFSTJOHN BOSCO NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THF. YEAR ENDED 31 DECEMBER 2022 10. MOVF.MENT IN FUNDS (continued} Cornparative m&vements In funds Genernl Proptrty Reliremenl Restricted Total Fund Fund Fund Fund 2021 l.-iind5 as at l January 2021 Net (expcndiliirejlincotne Net gain5 on inve5trnents Transfer5 b¢tw¢en funds 61,054 {4(￿),097) 7,447,705 (171,175) 6.512.234 14.020,993 (454.2211 674,491 117.051 674,491 (339.043) 339,043 Funds at 31 December 2021 7.276,530 6.847,682 17,051 14.241.263 De5igngted funds 'rhe Irusiees have designated funds oui of the unrestricted funds for specific purposc5 as follow5.'- Property Fund In order to fulfil its ch8Titable objectives iht chariiy needs a Dumber of propci1ie5. Thcsc properties, although Ihey are unrestricted a￿et$ cannot be realised without undennining the charity's work and the truslees therefore feel that it is appropriate io reflect the investmertt in propcrties. RrtireTnent Fund A fund has been designated in respect of ilic charity's cominiimeni lo provide for the retireTneni and care in old age and sickness of the Instituie's meinbers. Lump sums received upon ¢enain 5iyers re&ching retirement age are ¢redited to Ehis fund. In addition ihe irusiees de5ignaie ainounis froin free re5eTve5 froJn tilT)e to time with the aim of bringing tlie level of the fund in line with the amount considered ¢0 b¢ necessary for the long-ttrjn needs of sisters. At the year to J l Dec￿nber 2022 the d¢signat¢d fund wa5 £ 5.7in (2021: £6.85in). Invesijllents represeni this fund. Restricted Funds Resiricied flind5 are all for ihe purpose of helping ihe pooresi YOU￿ people. Tr8nsfers between funds Transfers have been made from the Retirement Fund to cover the deficit in theyear 011 the Gencral Fund. I la. ANALYSIS OF NET ASSETS BY FUND General Fund Designated Funds Restricted Fund Total Fund Bglances 3t 31 DtcetNbtr 2022 re represented by: Tangible fixed assets Invesimenis Curreni asseis Current liabilities 19.281 638.509 196,633 (854.423) 7,105,355 5.694,171 7,124,636 6,332,680 313,684 (854,423) 117,051 12,799,526 117.051 12,916,577 32 IIYSTITUTE OF THE DAUGHTERS OF MARY HELP OFCHRisfiANS OTHERWISE SALESIAN SISTERS OF ST JOHN BOSCO ACCOUNTING POLICIES (eontinued) FOR THE YEAR ENDED 31 DECEMBER 2022 I Ib. COMPARATIVE ANALYSIS OF NET ASSETS BY FUND Gener*1 Fund Design•ted Fund5 Restricted Fund Total Fund Balances at 31 December 2021 are represented by: Tangible fixed assets Inve5tinents Current assets Current liabilities 20.902 117236 660,466 (804.604) 7,276,530 6,847,682 7,303.432 6.964.918 777.517 (804.6(14) 17.051 14.124.212 17.051 14.241,263 12. OPERATING LEASE COMMITMENTS At 31 December 2022, the charity had futur? minimum lease payments under non-caneellable operatin8 leases as follows.. 2022 2021 Property Total cojnmitment under operating leases: Due in one year Later than l year and not later than 5 years 31,248 31.248 The total rental expense incurred during the year in resF¢Ct of assets under operating lease was £30.000 (2021.. £31,248). 13. CONNEcfED CHARITIES The following chariiie5 are connected charities of rhe Insriiuie of the Daughters of Mary Help of Christians, otherwise known as'salesian Sisters of St John Bosco" by reason of ihe similarity of iheir charitable objectrv¢s. Ch4rity Ch*rity Number Address Vides UK 1015097 M8Th5ion Drive, Liverpool Support is given by the Ch8rÉty to ihese eonnected charitie5 in the forni of re￿ free use of buildings and unremunerated sist¢TS' tiine. A of £10,000 Wds also given to VIDES UK. AnT)e France5 McNainee (trustee and director of FMA) is a tTUStee of VIDES UK. 33 INSTITUTE OF THb. DAUGHTERS OF MARY HELP OF CHRISTIANS OTHERWISE SALESIAN SISTERS OF STJOHN BOSCO ACCOUNTING POLICIES {contintied) FOR THE YEAR ENDED 31 DECEMBER 2022 14. COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES De5ign•led Fpnds Proptrty Rtlirement Fun G¢n¢r¥l Re5tTiCted Futbd Plote5 Pund 2021 INC-I)ME FROM.. 159.474 159.474 ('liftiiioble rtclivilie Sislcrs. Salarie5 and Pension5 ortalions LeBacie5 Other in¢otT 569.412 17.79.3 569,412 134.844 6.01¥ 6.018 Totgl 752.(0)7 869.748 EXPENDITURE ON: Cliaiiioble aCilviiie$.' Siipport of tn¢mbers and 1.115.474 37.320 171.175 1.286.649 37,320 Mis5itsiis and thariiable giving 1,152,794 171.175 1,323.969 Net leApenditureVincorne befort gAinsI lllvesttnents {400,0971 117.051 1454.2211 Ncl gains on inve￿mentS 674.491 674.491 NLI lexpenditureyincome 14(X).0971 674.491 117.051 220.270 Transfer beiivttn funds 339.043 {339.fr131 Net movement in funds (61.054} 335.448 117,051 220.270 Reconcilialion of funds rund Balanws brouglil for4i?rd 61.054 7.447.705 6,512,234 14.020.993 Fllhd B#lxnees c*rri¢d forward 7.276.530 6.847.682 117.051 14.241.263 34 INSTITUTE OF THE DAUGHTERS OF MARY HELP OFCHRisfiANS OTHERWISE SALESIAN sIsfERS OF STJOHN BOSCO DETAILED INCOME AND EXPENDITURE- GENERAL FUNDS FOR THE YEAR ENDED 31 DECEMBER 2022 Provinee Houses 2022 2021 INCOME Salaries received Pen5ion5 received Bank interest received Donation5 & legacies Donation5 & legacies- restricted Sales of bulletins & calendars Profit on sale of fixed assets 51,875 636.820 168.899 13,029 51,875 636,820 168,899 24,029 47,696 521,716 159,474 17,793 117.051 100 5.918 11,000 75 75 TOTAL INCOME 870.698 11,000 881,698 869,748 EXPENDITURE Prerni$es Eqlllpment Costs Repairs and maintenance Professional fees Insurances 51,271 5.594 39,770 51,271 5,594 39.770 56,354 23,979 37,525 96,635 96,635 117,858 Communitie5 Food Household Rent & rates Fixtures and equipinent depreciation Medical ClothiDg Surydries Library Subscriptions Sister5, National Insurance Salarie5 paid (ex¢luding VIDES UKINewlands)) Redundancies Funerals Chapel Light and heal Telephone Mass media Reirears. courses and holiday Travel and fares Motor expenses Motor vehicle depreciation Bank charges & manogement fees 15.458 73.962 73.877 16.090 89.420 73.877 55.799 2.893 504.915 8.247 372 5,879 9.291 1.633 88,947 30,000 4,180 2,760 60,450 20,625 14.355 49.247 27.240 20.295 4.728 40.207 87,105 69.210 57.783 5.973 421,166 7,688 250 7,840 244 1,629 86.516 39,709 2,893 497.718 620 88 2.183 9.067 1.633 88.947 30.000 4.180 80 7,197 7,627 284 3.696 224 9,518 3,444 49.571 21,385 16.812 50.313 9,529 14.830 9,565 43,991 2,680 60.450 17.081 7.305 3,544 7.050 28.129 12,300 3.746 4.728 39.087 14.940 16.549 1.120 791.160 324,200 1,115,360 974,362 35 INSTI'fuTE OF THE DAUGHTERS OF MARY HELP OF CHRISTIANS OTHERWISE SALESIAN SISTF.RS OF ST JOHN BOSCO DETAILF.D INCOME AND F.XPENDITURE- GENERAL FUNDS (Conti￿￿ed) FOR THE YEAR ENDED 31 DF.CEMBER 21122 Province Houses 2022 2021 Donati0115 Gi'an15 and donalions (including VIDES UKINewlands) Missions 20,019 10,048 37.320 20,019 10,048 30.067 37,320 Govcrllancc costs Geneial office ex￿n$¢5 Audit and aCc￿l￿[anCY fee5 Monie5 froIn CoJntnunitie5 to Province Monie5 fiDm Province to Cotnmuni¢ies 80 23,160 (48,788) 377,612 8.318 ¥,-11)8 4,174 19,080 48,788 (377,612) 352,064 (320,506) TOTAL EXPENDITURE 1259.878 13,742 1,273,620 1,152,794 NET {OUTGOINGyINCOMING RESOURCES FOR THf. YEAR BEFORE PROPERTY DEPRECIATION (389.180) (2.742} (391.922} 1283.046) Property dcpreciation Gain on revaliiation of invesimenis (171,175) (761 589) {171,175} (761,589} 674.491 NF.I' INCOMING RESOURCES FOR THE YEAR (1,321.944) (2.742) (1.324,686) 220,270 36 to6UY7U Salesian Sisters of St John Bosco Audit Findings Report **For the Year Ended 31 December 2022** Partner: Richard Weaver; rweaver@haysmacintyre.com Manager: Shane McCormack; smccormack@haysmacintyre.com ## **Salesian Sisters of St John Bosco – Audit Findings Report** | **Year ended 31 December 2022** |Table|of Contents| |---|---| |1.|Introduction and Executive Summary .............................................................................................................................................. 1| |2.|Audit risks and key judgement areas identified during planning ........................................................................................................ 2| |3.|Accounting and Audit Matters ......................................................................................................................................................... 3| |4.|Detailed control points ................................................................................................................................................................... 4| |5.|Emerging issues ............................................................................................................................................................................ 6| ## **Salesian Sisters of St John Bosco – Audit Findings Report** | **Year ended 31 December 2022** ## **1. INTRODUCTION AND EXECUTIVE SUMMARY** This report summarises our key findings in connection with the audit of the financial statements of Salesian Sisters of St John Bosco for the year ended 31 December 2022. We would like to take this opportunity to thank Kate Usher, Jan Harvey and their team for the assistance and co-operation we have received during the course of our work. ## **Our audit approach** Our work was planned and performed in order to issue an audit opinion on the financial statements in accordance with International Standards on Auditing (UK) (“ISAs”) and the terms of our letter of engagement. Our audit approach is a risk-based approach founded on us gaining a thorough understanding of the entity and its business in order to allow us to identify the risks of material misstatement within the financial statements. To do this, we consider both the risk inherent in the financial statements themselves and the control environment in which the entity operates. We then use this assessment to develop an effective and efficient approach to the audit. ## **Limitations** Our audit procedures, which have been designed to enable us to express an opinion on the financial statements, have included an examination of the transactions and the controls thereon. Our audit included consideration of internal controls relevant to the preparation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for expressing an opinion on the effectiveness of internal control or to identify any significant deficiencies in their design or operation. We have included in this report only those matters that have come to our attention as a result of our normal audit procedures and, consequently, our comments should not be regarded as a comprehensive record of all deficiencies that may exist or improvements that could be made. ## **Overall conclusion and opinion** At the time of issuing this report we anticipate issuing an unqualified opinion on the financial statements. 1 ## **Salesian Sisters of St John Bosco – Audit Findings Report** | **Year ended 31 December 2022** ## **2. SIGNIFICANT AUDIT RISKS, AND OTHER FOCUS AREAS IDENTIFIED DURING AUDIT PLANNING** We set out below the significant audit risks and where applicable, other key areas of focus for our audit identified at the planning stage and the conclusions of our audit work: ## **Significant Audit risk/focus area** ## **Presumed risk in revenue recognition** Under ISA 240 there is a presumed risk that revenue may be misstated due to improper revenue recognition. We are required to consider and respond to the risks of improper revenue recognition. We rebutted the risk in the case of: - Sisters’ salaries and pensions due to their predictable nature. - Donations income measurement due to entitlement generally occurring on receipt. - Legacies income measurement due to the high profile of these streams of income because of the level of documentation generated by the legal process in proving entitlement. - Investment income because it can be agreed from third party sources. ## **Presumed risk of management override** We are required to consider and respond to the risks arising from management override of controls. ## **How we addressed this** **How we addressed this Commentary** We have undertaken a review of transactions around the year end Our audit work on revenue did not to ensure income as being recorded in the correct period including identify any material issues. reviewing accrued and deferred income. We have assessed the appropriateness of the recognition policies to confirm they are in line with the requirements of the Charity SORP and FRS 102 We considered and reviewed all areas requiring judgement or The results of our planned audit estimates in order to assess the appropriateness of the work are considered to be judgements and estimates made by management. satisfactory in this area. We reviewed and tested journal entries made in the year, and in particular those made as part of the year-end financial reporting process. Where necessary we made further inquiries regarding any seemingly inappropriate or unusual journal or other adjustments. 2 ## **Salesian Sisters of St John Bosco – Audit Findings Report** | **Year ended 31 December 2022** ## **3. ACCOUNTING AND AUDIT MATTERS** ## **Budgeting and cash flows** We have been provided with a high level budget projection for the next three years which show that over this period all current cash holdings will be eliminated. The validity of the going concern basis of preparation is therefore your reliance on and ability to draw down on the capital investments which are valued at £6.5m at 28 February 2023. We note that the inflationary assumptions in these projections are currently below national inflation levels. We would recommend that the budgets are revisited to take account of the much higher levels of inflation we are seeing to ensure that a more accurate assessment of draw down on the investment portfolio can be made, but our view on the ability of the charity to continue as a going concern is unaffected due to the high level of investments and cash balances available to the charity. ## **Letter of representation** The international standards on Auditing require us to obtain written representations from the directors when you approve the financial statements. In addition to the standard matters the letter includes the following specific representations: - We confirm that our forecasts show our cash reserves will be depleted over the next year and we are considering the charity’s long term plans including the draw down from our investment holdings. - We confirm that we are still is discussions with our legal advisors regarding the Anne Hoskinson £517k balance currently included in creditors. No progress has been made since last year. We also confirm that the balance should remain in creditors until all advice has been received and a decision can be made as to how to deal with it. ## **Misstatements** There are no unadjusted misstatements to report other than those considered trivial. 3 **Salesian Sisters of St John Bosco – Audit Findings Report** | **Year ended 31 December 2022** ## **4. DETAILED CONTROL POINTS** During the course of our audit we identified the following detailed control points that we feel need to be brought to the attention of the Trustees and certain recommendations for improvements and or corrective action. Our audit included consideration of internal controls relevant to the preparation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for expressing an opinion on the effectiveness of internal control or to identify any significant deficiencies in their design or operation. The matters and detailed control points that we have identified are graded within the following framework to assist the Trustees assess their impact. |**Rating**|**Rating type**|**Characteristics of rating type **| |---|---|---| |**Significant**|These findings are considered to be significant to the
management of risk in the business. The finding represents
a serious weakness in systems and controls currently in
place or a potentially fundamental control that has been
omitted from the risk management systems as currently in
operation.|•
Key control omitted
•
Key control not designed or operating effectively, for example as indicated by
multiple exceptions found during our review work
•
Evidence of override of controls in place with significant or potentially
fraudulent outcomes
•
Non-compliance with laws and regulations| |**Important**|Important findings that should be reviewed by
management, pending corrective action and or updates to
systems and controls.|•
Errors and exceptions noted during our testing that had corrected
retrospectively during the year by management.
•
Potential improvement to existing control noted
•
Possibility for override of controls exists
•
Our review noted numerous exceptions but not in key controls| |**Limited**|Findings that identify non-compliance with established
systems and controls.|•
Minor control weakness, for example limited exceptions noted during our
review work| |**Advisory**|Items requiring no immediate action but which may be of
interest to management or best practice advice.|•
Information for department management
•
Control operating but scope for efficiency and/or effectiveness improvements
exist
•
Control operating but not necessarily in accordance with best practice
•
Recent or anticipated developments may necessitate new controls.| 4 ## **Salesian Sisters of St John Bosco – Audit Findings Report** | **Year ended 31 December 2022** We are pleased to confirm that no new control points arose from the current year audit. We provide the latest status of outstanding issues arising from previous year audits below: ## **Prior year** |**Issue:**|**Authorisation of expenditure - Province**|**Authorisation of expenditure - Province**||**Controlpointgrade:**|**Resolved**| |---|---|---|---|---|---| |**Risk**||**Our comments &proposals**|**Currentyear update**||| |One invoice tested for Istituto Figlie Di Maria
Ausiliatrice did not have evidence of being
authorised. It should be policy to ensure that as far
as possible all expenditure is suitably evidenced as
being authorised.||We recommend that documentation for all items
of expenditure is evidenced as being reviewed
and authorised. Where payments are taken direct
by Rome, emails confirming the review and
authorisation process could be kept to meet this
policy.|No issues noted this year.||| |**Issue:**|**Authorisation of expenditure - Communities**|**Authorisation of expenditure - Communities**||**Controlpointgrade:**|**Limited**| |---|---|---|---|---|---| |**Risk**||**Our comments &proposals**|**Currentyear update**||| |A few of items of community expenditure did not
have evidence of being authorised on the
documentation provided to support them. These
included expenditure for food, clothing and energy
supply. There is a risk that expenditure is being
incurred which is not for charitable purposes.||We recommend that documentation for all items
of expenditure is evidenced as being reviewed
and authorised.|Policy is in place to retain all receipts, however the
testing has revealed some community expenditure
was not authorised, but we note the continued
efforts to reinforce this policy.||| |**Issue:**|**Credit Cards**|||**Controlpointgrade:**|**Advisory**| |---|---|---|---|---|---| |**Risk**||**Our comments &proposals**|**Currentyear update**||| |Each sister holds a credit card in their name. Whilst
receipts > £10 are kept to support the purchases
there is no physical evidence of review.||We recommend that monthly checks are
performed on the credit card statements and
signed as review by an independent person.
Management response: This recommendation is
accepted and suitable sign off procedures will be
put in place.|This was still an issue this year with some of the
statements sample not including written evidence of
review by an independent person, but we note
continued efforts to reinforce this new policy.||| 5 **Salesian Sisters of St John Bosco – Audit Findings Report** | **Year ended 31 December 2022** ## **5. EMERGING ISSUES** ## **Charity reporting and governance matters** **Charity Commission guidance on the impact of the cost of living crisis** The Charity Commission has published guidance on managing financial difficulties arising from the cost of living crisis, covering the following main subject areas: 1. Trustees’ duties and decision making 2. What to do if you experience financial difficulties 3. What to do if your charity cannot continue to operate 4. Reporting a serious incident to the Charity Commission The new page emphasises various existing guidance for Trustees, but with a specific focus on the impact of the current economic climate, and it can be found here: https://www.gov.uk/guidance/manage-financial-difficulties-in-your-charity-arising-from-cost-of-living-pressures ## **Charity Commission consultation on social media guidance** The Charity Commission’s consultation on new guidance concerning charities’ use of social media closed in March 2023 and the guidance is expected to be issued in Summer 2023. The guidance will address both charities’ own use of social media and Trustees’ responsibilities in this regard, and the potential risks surrounding charity employees’ use of social media. On this latter point, the Commission is clear that employees should be free to use social media in their own right but notes the potential for private posts to be interpreted as the views of the charity, with the risk to the charity’s reputation that this could bring, and the consequent need for charities to consider setting guidelines to govern their employees’ use of media and to set policies concerning how the charity would respond to any negative exposure. ## **Revisions to the Annual Return** In December 2022, the Charity Commission published the outcome of its consultation on changes to the Annual Return, which will take effect for Annual Returns relating to financial years commencing on or after 1 January 2023. The new Annual Return will include 23 new questions all charities will be required to answer 32 questions, up from a baseline of 16 in previous annual returns. The maximum number of questions that a charity will have to answer is now 52. The changes to the questions cover the following areas: 6 ## **Salesian Sisters of St John Bosco – Audit Findings Report** | **Year ended 31 December 2022** ## **Charity reporting and governance matters** 1. Financial governance 2. Income and operations outside England and Wales 3. Charity operations and structure 4. Employees and volunteers 5. Governance of risk, incidents and safeguarding 6. Response to major external change The detailed consultation outcome, including all of the new and revised questions, can be found here: https://www.gov.uk/government/consultations/charity-commission-revisions-to-the-annual-return-2023-25/annual-return-2023-consultation#annexes ## **Employment Tax** ## **Health and Social Care Levy** - The Government announced the introduction from April 2022 of a standalone 1.25% Health and Social Care Levy which applied to employers and employees. The following were the key financial implications: - From April 2022, rates of employer and employee National Insurance increased by 1.25% - From April 2023, National Insurance rates were to revert to the 2021/22 levels and be replaced by a dedicated levy - The money raised via the levy was to be ring-fenced for investment in health and social care. ## **Reduction in NI rate from 6 November 2022** - The temporary increase in NI of 1.25% from 6 April 2022 to pay for health and social care was reversed by former Chancellor Kwasi Kwarteng - the current - Chancellor Jeremy Hunt has not changed this decision. This means that the employee and employer NI rates revert to 2021/22 rates from 6[th] November 2022 for both payroll and payrolling benefit purposes. - The rates for annual NI payments of Class1A and Class1B will be assessed at a composite rate of 14.53% for the whole of the 2022/23 tax year. - HMRC also requested that employers remove the generic message on payslips which explained the NI uplift. - This measure will also repeal the Health and Social Care Levy Act 2021. As a consequence, the 1.25% Health and Social Care Levy will not come into force from 6 April 2023 as previously planned. 7 ## **Salesian Sisters of St John Bosco – Audit Findings Report** | **Year ended 31 December 2022** ## **Employment Tax** - The primary NIC threshold (the limit after which an employee pays NI) was increased to £12,570 p.a. for the period 6[th ] July 2022 to 5[th] April 2023 and will remain in place until April 2028. ## **National Living/Minimum Wage** The National Living Wage will increase from £9.50 to £10.42 per hour from 1 April 2023. The National Minimum Wage rates also increased for those workers aged 22 and under. Employers will see their salary costs increase (increase between 9.7% to 10.9% across all categories) and face the prospect of having to auto-enrol more workers into workplace pension schemes - and pay at least 3% towards it. ## **Pension tax relief for low earners in Net Pay Arrangements** The government will introduce legislation in future Finance bill to make top up payments directly to low earning individuals saving in a pension scheme using a Net Pay Arrangement (‘NPA’). Employees contributing to Relief at Source (RAS) schemes receive a 20 percent top-up on their pension contributions, even if they pay no income tax. Contrast this to employees contributing to a NPA scheme who receive relief at their marginal tax rate, which for those with taxable earnings at or below the UK personal allowance is nil. The top ups will start to be paid from 2025/26 in relation to contributions made in 2024/25 onwards and align NPA participants with their equivalents saving into pensions schemes via the RAS method. 8 Haysmacintyre LLP 10 Queen Street Place London EC4R 1AG T 020 7969 5500 F 020 7969 5600 E marketing@haysmacintyre.com www.haysmacintyre.com @haysmacintyre - © Copyright 2023 Haysmacintyre LLP. All rights reserved. haysmacintyre is the trading name of Haysmacintyre LLP, a limited liability partnership Registered number: OC423459 Registered in England and Wales Registered to carry on audit work in the UK and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales A list of members’ names is available for inspection at 10 Queen Street Place, London EC4R 1AG A member of the ICAEW Practice Assurance Scheme Disclaimer: This publication has been produced by the partners of Haysmacintyre LLP and is for private circulation only. Whilst every care has been taken in preparation of this document, it may contain errors for which we cannot be held responsible. In the case of a specific problem, it is recommended that professional advice be sought. The material contained in this publication may not be reproduced in whole or in part by any means, without prior permission from Haysmacintyre LLP.