2024-08-31-accounts

Trustees, Report & Financial Statements For the year endod 31 August 2024 TRUST PROPERTY HELD IN CONNECTION WITH THE ENGLISH PROVINCE OF THE CONGREGATION OF CHRISTIAN BROTHERS (THE ENGLISH PROVINCE OF THE CONGREGATION OF CHRISTIAN BROTHERS TRUSTEES) egistsred Charity No. 254312

THE ENGLISH PROVINCE OF THE CONGREGA TION OF CHRISTIAN BROTHERS TRUSTEES Financial Statements INDEX Pago Number Legal and Administratwe Details Trustees, Rewrt 2-24 Auéllor's Report 25-28 Statement of Financial Actwities 29 Balance Sheel Statement of Cash Fl¢)V&S 31 Notes lo the Flnancial Statements 3247

THE ENGLISH PROVINCE OF THE CONGREGA TION OF CHRISTIAN BROTHERS TRUSTEES Flnancial Statements Legal and AdmlnEstsatlon detalls: Full Name Trust Property Held in Connection wth the English Province of the Congregation of Christian Brothers Governlng Document Amended Trust deed dated 27 February 2015 Charity Registratlon Number 254312 TNstees D. Gibson (Chair of Trustees) P.G. Gordon E. O'Brien D. Sassi J. Donovan Br m￿hael Halligan (appointed on 1 November 20241 Principal Addr85S SL Timothrfs, Rockwell Road, West Derby. Liverpool, L124XY Flnancial Administrator L&P Trustee Services Ltd Auditors Forvis Mazars LLP One Sl. Peter'5 Square Manchester M2 3DE Solicitors Hill Dickinson 1 St Paul's Square Liverpool L3 9SJ Principal Banker HSBC 11 Stamford New Road trncham Cheshire WA14 1BW InvestmenlAdvisors Cantor Fltzgerald Ireland 23 Sl. Stephens Green Dublin 2

THE ENGLISH PROVINCE OF THE CONGREGA TION OF CHRISTIAN BROTHERS TRUSTEES Financlal Ststements TRUSTEES, ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2024 The Trustees present their reporL together wtth the audlied financial statements for the year endgd 31 August 2024. INTRODUCTION The Congregation of Chri8ttan Brothers is an international Roman Calhollc Religious Congregation. 11 was founded in Waterford, Ireland in 1802 by Blessed Edmund Fl¢e. It Is divided into 5 distinct Provinces across the world. The financial statements accompanying this report are the financial 51atements of the charitable trust in which the assets of the Christian Brothers in England are held. The Christlan Brothers in England, in ¢anon law terms, foms part of the European Province. Ba¢kground Edmund Rlce was born al Weslcourt. Callan, Co. Kilkenny on 1 June 1762.11 was a lime of politlcal and religlous oppres8ion. when poverty and want affected th& lives of the vast majority of the ¢ilizens of the land. As there wa5 no formal schcM)ling available lo Catholics at that time. Edmund was educated both at home and al the local 'pay schod. in Moale Lane, where Catholics vtho could afford to pay sent their children lo school. After his early schooling Edmund moved lo Waterford in 1779. In Wat&rford, he worked for his uncle. Michael Rice, in tho family business, tKovisioning ships calling al Waterford's busy dockside. Edmund was a gooé businessman, and in due course inherited the family bus1r￿S from his unde. Under his careful manag8menL it prospered greatly. He became a weaithy man. In 1785. al the age of 23, Edmund married Mary Elliott. There is very Ilttte that history revea15 about the marriage other than that it came to an abrupt end wtth thetragic death of his young wife in 178g. Edmund found himself the sole parent of a small child who was delK*e in health. and possibty suffering from a disability. Belng a strong family man, Edmund inttially entrusted the care of young Mary Rice to his slepsisler, Joan, in 3 Arundel Place in Waterford where he had set up house. The next twefve years of Edmund's lrfe were hidden years during which he cop8d with his sorrows, ran hi5 business, and ensured the wellbeing of his litde daughter, Mary. In 1802. at the age of 40, Edmund t￿)k a very decisive step. He embarked on a spiritual journey that changed his life utledy. The inspiration for his decision probabw carlle from the example of Nano Nagle, the founder of the Presentation Sisters. Like Nano, he deuded to devote the remainder of his life, and all of his resOur￿s, to the education arKI care of the poor. He sold his Victualler's business in Waterford ané arranged for his step-sister, Joan Murphy, and his handicapped daughter to move to Callar). Hg himself moved lo a large stable in New Street, which he opened as a free s¢h¢)ol for poor Catholic boys. To help him with hi5 project: Edrnund recmrted some hired help. Edmund's decision lo educate the FKJor was seen by his friends as both foolhardy and unwse. Some advised against IL arguing Ihal the poor were better off ignorant. Technically, Edmund's action was also illegal because. although the tK)litical had changed greatly and the Act of Urhion had been passed In 1800. many of the Penal Laws were still on the Stslule Books. ané edu¢ating poor Calholics could be interpreted as a seditious act. The beginning of Edmund's educational project was tentative and inau5pl¢ious. The hired help evaty)rated eady on, demoralised by the enomiily and difficulty of the task. On his own again, Edmund tNsted in God, believing that if it was God's work it would surely prevail. His faith was rewarded when two young men from his own town of Callan, PalriGk Finn and Thomas Grosvenor. volunteered to join ranks wtih him in his new venture. The nu¢leus of a new religious congregation was fortning, and Edmund was inspired to take the nexi step.

THE ENGLISH PROWNCE OF THE CONGREGA TION OF CHRISTIAN BROTHERS TRUSTEES Financial Statements In June 1802, Edmund began lo buil(l a monastery to accommodate his small community. This was another seditious act that left him vtjlnerable before the Law. The monastery was 500n cornpleted, whlch he called Mount Sion. By this time, a fourth member. John Mulcahon. had joined the little group. Word 500n got around and, gradually, othervolunteers came lo Mount SH)n offering their services freely for the realisalion of Edmund's dream. This little group fomied itself into a small, religious community following a w?11 ordered way of lrfe inspired by the Rule of the Pfftsenlatlon Sisters, a way of lrfe wt which Edmund was familiar through his contacl with the Presenlalion Sisters in Waterford. As the number of volunteers grew. so loo did the capacrty for service of the poor, and in due course a school was oponed in Carrick-ON-Suir in 1806, and another in Dungarvan towards the end of 1807. By 1808. the new movement had eight members, and Edmund believed that the time was right for formally estatAishing themselves as a religious congregatKJn. He approached the Blshop of Waterford, Revorend Dr. John Power, lo allow them to formalise their religious commitment by professing religious vows according lo th8 Rule of the Presentation Sisters. Bishop Power agreed enthuslastically and on 15 August 1808, the Feast of the Assumption orthe Blessed Virgin Mary, Edmund and his seven followers made simple profession of vows in the chapel of the PresenlatK)n Sisters in Hennessy's Road, Waterford. The Bishop, on behaw of the Church. formally recewed their professions. The good news of Edmund's educational cnjsade on behalf of the poor soon spread beyond the boundaries of the diocese of Waterford. Other bishops got to heal about it, and because the social conditions of the poor were much the same in every diocese in the country, a number of bishops expressed the wish that Edmund would open a school for the poor in Iheir diocese also. In 1811 the Brolhers opened a school in Cork- In 1812. al the invitation of the Archbishop of Dublin. the Brothers opened another school in Hanover Street on the south quays. In quick succession the following schools were opened.. Cappaquin {1813), Limerick (18161. Thurles (18161. Mill Street {Dublin. 1816), Francis st. (Dublin 18201, and eventually in Preston (England 18251. Preston was the first opefting outside of Ireland. and constituted a major development in the missionary outreach of the new congregation. The poverty and deprivation with which some of these early foundations had lo contend shocked even Edmund himself, and grounded him even more solidly in his trust in Divine Providèwe. °May the wi15 of God be done in il (Hanover Streeif, he prayed. The spread of the new fraternity into several dioceses created h(Jge administrative drfficullies for the early Brothers. Since each community was under the jurisdiction of the local Ordinary of the diocese in which il was located, the trdnsfer of Brothers from one community lo another, issues of finance, formation matters, and community policy generally all became fraught wth difficulties. Edmund felt that these difficulties amounted lo a serious constraint on the development of his burgeoning congregation, and he looked around for an allemalive m(yJel of administration to the diocesan model which was proving so cumbersome. Very quiC￿Y, he iiiscovered Ihal the solulion lo thes8 difficulties lay in getting papal approval for his congregation as an Apostolic Institute. a status enjoye(I by the congregation of De L8Salle Brothers for many decades. To facilltate the move away from a diocesan stsu¢ture, in 1817 Edmund and his Brothers with the approval of the Archbishop of Dublin, applied to the Holy See for an Apostolic Brief. In due course, and despite sotne opposition, His Holiness, Pope Plus Vll granted Edmut)d's request, and issued the formal brief establishing the Congregation as an Apostolk Inslrf(ule in 1820. The Brothers formally accepted the brief on 20 January 1822. Edmund Rice wa5 elected SuperlorGeneral of the new Apostolic Instilule. Nin8teen of the thirty Brother5 elNJlble to vote were presenl in Mount Slon on that historic day. Of those ea￿Y Brothers who did not sign, some wthdrew from the congregation at that point. while others wished lo relain their dioGesan affiliations and consequenuy refused the Brief. One of these. Br. Michael Austin Riordan, became the nucleus around which the Presentalion Brothers Congregation developod. The spread of the CongregatÈon from small beginnings in Waterford in 1802 to the worldwide organisalion il is today, working in over thirty countries spread across the five continents, is a matter of history. What the story points lo is the res11￿rrt nature of Edmund's founding charism, and ils ability to incarnate itself in many countries, prodaiming its message of liberation through education in many languages and many C￿1(UreS.

THE ENGLISH PROWNCE OF THE CONGREGA TION OF CHRISTIAN 8ROTHERS TRUSTEES Financial Statsn7ents OBJECTIVES Charltable Objects The principal object of the Charity, as sel oul in the amended Trust Deed, Is to 'advance th8 religious and other charitabl8 work for the time being ¢8rried on in Great Britain or abroad by or under the direction or with the support of the Province as the Trustees with the approval of the Provincial Leader shall from lime lo time think fit". Alms The Charity aims lo support the religious and other charitable works Carrled on In the name of the Congregation and to care for those members throughout their Iwes within the Congregation. Thèse Minlstrtes of the Brothers of th8 Congregation. all of which benefit numerous members of the general public, fall into the followng main areas: Eéucalion Faith development Sttial and pastoral work International missionarywork Care 8nd welfare of members Each of these is considered in tum below. Education The Charity provides support arml servitss for six schools in direct orAcademyTruste8ship and, without charge, to a further four asSoc￿ted scho(As in dI0￿san or IrKlependent Trusteeship. Crlteria for Mgasuring Success In Edmund Ri¢e Sch¢)ots Measuring success for beneficiaries and the wder souety in temis of numerical and scientific criteria Is rather drfficull for the English Reglon of the European Provin(E but, being the Trustees of the two ind8pendent Preparatory schoo15 in England and being an itnEKwknt part of the overall successfvl operations of the four Academy Colleges as well as involvement in the ethos of the four A5s(Kiale schools, is important and is undertaken under two stran(Is: First Strand Answerlng lo outside Agencies to whom the schools are ￿￿X}untable ané which have their own measurable slandarés as follows.. The Offiee for Standards In Education (Ofsted)- as it applies lo the Academy Schools: Pupil progress - the prease measure of studenls across three key stsges (key stage 3, 4 and 51 is done through internal and exlemal examinations. Pupil attendance - sel al 95,￿> Scho￿ attendance across each academic year. Pupil Premium - extra targeted funding allocated lo schools who have eli9ible students IFSMI schools have to account for their use of funding and tts measured outcomes in terms of pupil progress compared to non-recipierrts. Provision for 5afeguardlng of children in eduralion. Schools undergo regular inspections during which their statistics are anaty$￿l. Independent Schools Inspgctorate (ISI}- as it ap￿leS lo Preparatory schools.. Use of inspectlons (every six years) lo measure pupil progress,. provision of a series of policies I procedures in a variety of areas e.g. Fina￿e. measurement i)f pupil progress, safeguarding. safe recruitment, behaviour and discipline el¢.

THE ENGLISH PROVINCE OF THE CONGREGA TION OF CHRISTIAN BROTHERS TRUSTEES Flnancial Statements Schools ar8 rated according to thelr compliance against the standards as pgrceived by an in5pe¢lorale team. Second Strand Answering lo tha stsndards as laid out in the 'Eighl Essentials of an Edmund Rice Education, and on which many of our schools build their annual School Improvement Plan ISIPI. These plans use the SMART auonym., S ciflc Measurable Attalnable Relevant Tlmol Each target has a dear sel of smart outcomes whlch allow the sclKX)I lo perfomi an accurate measure of 115 d8groe of success. The Trustees meet annually face-to-face wlth Ihe senior leadership and governors of the Academies and Preparatory schoo15 and undertake an audit of success within th@ school which includes both external and internal judgements. Sgconda schools All four of the secondary schools are nowAcademyTrusts and invite the Trustees to their annual AGMS in accordance with the Articles of Association- Sl Edward's College, Livwp¢)ol Sl Anslem's College, Birkenhead Sl Ambr05e College, Hale Barns St Joseph's College, Slok&on-Trent The Trustees have taken the view that it would Njt be appropriate lo consolidate the accounts of the academy trusts under FRS102 section 9, 'Consolkiated and Separate Financial Statements., as the Academies musl abide by strict financial and operating provision laid down by the Deparbnent for Education and these amount to severe long term restrictions as defi[￿ by FRS102 section 9. Prima schoo15 There are Iwo indepenéenl primary schools whlch continue in direct tnjsteeship, with the Congregation Trustees as registered proprietors- St. Ambrose Preparatory SclMK)I, Hale Bams, Altrincham st. Joseph's Preparatory School. Stoke-on-Treni Sl Joseph's Preparatory School dosed subsequent lo the year end on 31 December 2024. This is discuss8d further in 'Futur8 Plans. on page 22. The results of these schools are indUd￿j in these finanual slalemertts. Assoclated schools.. The￿ are four associated schools in other trusteeships and, as such, tt is not appropriate lo include their results in these financial slalements. Sl, Aidan's Catholic Academy, Sunder]and 111-18) - diocesan trusteeship (Hexham ané Newcasue) Sl. Bonrface RC Academy, Ptymouth (11-18)- dI0￿san trusleeshlp (PlymoLrth} Sl. Mary's College, Cr05by {HMG independent secondary 11-18)- Sl. Mary's College Crosby Trust Sl. Mary's College Preparatory School (independent primary> - St. Mary's College Crosby Trust These schools continue within the family of Edmund Rice schods. All four receive in-service and immersion opportunities and ethos support, C04)rdinated and delNered by the Netw(Kk Support Team employed by the Congregation Tnjstees. The 'dlfference' the Charity seeks to make through its schods operation is the provision and support of outstanding Catholic failh-based education in the Edmund Rice Iradilion. The aim is lo achieve oulslanding educational outcomes for boys and girfs from nursery enty to Ihe age of 18+ through the realisation of eight core winciples set out by the Trustees.

THE ENGLISH PROVINCE OF THE CONGREGA TION OF CHRISTIAN BROTHERS TRUSTEES Financial Statements The 10 schools belong to the Edmund R(ce family of schools by providing, and seeking Continuously to improve, an educational programme groundwj on the eight prIn￿pIeS set out in a shar8é vision document, 'Reaching OLtI- The Essential Elements r)f Edmund Rice Education,. These eight governing criteria define the Identity and mission of the schools ill England and provide a template for school dèvelopment and mission evaluation, Through the implementation of these values the Charty seeks Io Txomole individual educational, spiritual. physical. moral. social and cultural development within a Christian vision of the person and in the spirit of service established by the Founder, 81essed Edmund Ignatius RIGe. Each school strives to be a Christian community where the fullest talents of &ach pupil are developed in a spirit of wider so￿al awareness and with commitment lo socÈal justice and community responsibility. Thg'Essentials' are.. Evangelising the moderrb world - Participating in the mission of the Catholic Church by bringing the Good News of Christ lo all aspects of the lrfe of the school community, and in ialogue with youth and contemporary culture, thus fulfilling the Specif￿ calling of the Congregation of Christian Brothers.. The Evang8lisation of youth thmugh the Apostolate of Christian Education 2. Promoting the spirltual - Nurturing a Imng faith, foslering Christian 5pirlluality, educating In Gospel-based values, living beyond the material dimension . 3. Bulldlng a Chrtstian community- Growing as a schwl communty in which Ihe quality of (are and relationships Is Christ-inspire(I, based on mutU81 resErt sdf-sa¢riflce. and fully human dignty. 4. Compasslon for those In need- Showing. in the s￿rit of Blessed Edmund Rice. particular love and concern towards the weakest members of the school community and reaching out b6yond the school in compassion and practical action for the kX)or and marginalised both locally and inlernalionally. 5. Concern for the whole person- Centering the curriculum, opportunilles, 2nd challonges of the school on the balay)ced and integrated development of its students, and staff. across all the positNe dimensions of personal growth- le1￿￿)US. moral, intellectual, cultural, physical, and s¢xial. 6. Striwng lor excellence- EncourdgiThJ each irKINidual to use his or hertalenls lo the full, whelhgr academio cuttural. or physical, and pursuing the h￿hest standards in all aspects of leaming, leaching. and extracurricular endeavour. 7. Educatlon as a Chrfstian calllng Valulng an(1 enabling the role and vocation of Christian teachers and support staff as a {￿lI1￿g from God and a sharing in the Church's mission. Educatlon for ju$ti¢e- Inspiring the minds and hearts of the young to care ftsrall God's creation and build a more just society, God's Kingdom on earth. and developing in them the talents for active citizenship and transfomiational leadership.

THE ENGUSH PROiqNCE OF THE CONGREGA TION OF CHRISTIAN BROTHERS TRUSTEES Financial Statements The Trustees, expanded 'Charterf document, 'Reaching Out, continues lo be the basis for in-schooS in- service training lo further embed, apply, and develop the eight guiding princip18s of the charity and thereby continue to improve the leaming experlence and opportunrties of all pupils. TheTrustees ensure the Implementation of the 'Eight Essentials, in the lrfe of the schools Ihmugh: Their role in selecting and appointing the Foundation Governors of the schools. and in the selection, appointment, and continuing formation of committed Headleachers and members of tho schod leadership teams. Thts applies both to the schools ir¢ direct trusteeship and lo the nevAy formed Acadetllies. Continuous liaison and meeting wrth and support for Goveming Bodles. Heads. and school leadership teams The provision of in-service training for teachers and govemcws The active promotion of Ihe'Eight Essentials, as the templateforschool development planning, SEF Iself-evaluation) and for state and diocesan inspection. Each 8chotsl is commiLted to safeguarding and promoting the welfare of its pupils, and fully adheres lo statutory requirements and best praGd¢e in Ihis respect and expects all staff and volunteers to share this commitment. Inspections of the slattr4unded schools by ofsted (Office for Standards in Educallon Children Servlces and Ski1151 and of the independent schools by ISIS {Independenl Schools Inspecloralel report that the quality of pastoral care in our schools is outstanding, that safeguarding and an￿bUllYIng practices are effectively in pla(*. and that the qualty of provision for social, moral, and spiritual development and for social engagement. is excellent. Each school welcomes pupils from all backgrounds. Though the first oblKJation is lo adtmil Roman Catholic puplls, the schools are open to pupils of all faiths or none 2nd are committed, in relation to all PLSpils admitted, lo complete inclusivity. The admissions and oversub5cription criteria of the selective schools comply fully wlh the cu￿ent statutory Admissions Ccxle and ￿lh equal opportunity legislation. As equal opportunlty providers the schools are committed lo a worknng environment free from any form of discrimination. The schools are commtiled lo making reasonable adjustments to meet the needs of staff or pupils who are, or becorne, disabled. In the financial year the Trustees, objectives In the educational sector ir￿l￿ded.. Continued improvement lo the delNery of the eight core values through ongoiThJ formation and in-service training for Heads, teaching and support staff and wvemors. Conllnuing lo expand the social ￿treach acttvities of Ihe schools. The Schools, Team encourages each school lo engage pupils in action5 of char"ty, justice and advocacy towards the needy, especially those made poor and marginalised, in the local community and Ihg wider wortd. in the spirit of Edmund R￿e and engaging wf(h the work of Edrnund Rice International 8nd Edmund Rice Education Beyond Borders. The growih and further inspiration of the wider Edmund Ri(x NetWc￿. The work of the Trustees in the schools Is o)-ordinated by a fvll-lime Schoo15 Offic8r, who provides guidance and support for Heads and Governing Bodies and.. Organises in-service training for n￿Y qualified and established staff. Organises inter-school conferences for Heads, Governors and for staff. Assists with school development planning. Advisos on the recruilmenl and appointment of senior staff. Offers SLJPPOrt for the spiritual lrfe of senior staff and govemors. Oversees best practice and compliance with safeguarding procedures

THE ENGUSH PROVINCE OF THE CONGREGA TION OF CHRISTIAN BROTHERS TRUSTEES Financial Statements Faith development As a R8ligious Congregation, faith development Is of prime ImFrtNtance to the Trnstees. All aspects of the Trust's work involve the advancement of religion whether it is in the educalional, pastoral or inlerrnational missionary fields. The Trust conlinues to assess its work and lo search for better ways of carrying out this ministry in today's wofld. The work in thls area is mainly carried out through the schools ané the local parishes where members of the ProvinTr reside. In addition. members of the Province provide prayer guldance and spiritual direction. From the early 19￿$ the Congregation of Christian Brothers, as a rellgious inslitrjte, has made a priority of sharing its mlssion with the laily, laicising the leadership and govemance of the schools. Beyond that, as with other ￿ligIouS orders, there is an expanding emphasis on the growth of 'splritual families., groups of associated lay people offered opportuntties to dTaw spiritual and ap0510li¢ frultfulness from the original charism. Thus the Trustees. objectives indude the dBvelopment of an Edmund Rice Network of lay people who wish lo asscciate themselves wrth the spirituality and apostoliG mission of the Brothers. The 'Edmund Rice Network, consists of local groups of interesled adults gathering for spiritual sharing and reflection and who are encouraged lo involve themselve5 in some form of social outreach. Mthough the majority of Network participants are drawn from staff and parents Sn the schools, meetings are open lo all interested adults - indeed to anyon6 who wishes in some way. however informally, lo connect with the charism of Blessed Edmund Rice. Opportunities for spiritual conversation and faith-based social action are provided. The Nehvork Support Team. in addition lo its work wilh schools, seeks to build new local groups of lay aSs￿lateS on Ihis modd. The Tru51ees fund combined schwl and Nefv￿rk services ddlvered by a Network Support Team 8mployed by the Trugtees. The Team take on the roles of= A Schools Officer and Coordinator of the Edmund Rice Network A Network Facilitator who promotes and organises involvemenl in N8tsvork events and opportunities., Ihese include spiritual and adult immerston opportunities across the European ar￿ global Edmund Rico Netsyork ft)r teachers and support slaff from the 10 schools and for parents and friends and interested adulls. The Facilitator also writes fihe English Network magazine and develops resources for schools and the Network. The Edmund Rice Network group acts as a hub for Netsvork development Involving both lay assoctales and Christian Brothers. Extensive use made of the Nètwork Cenlre, for in-service sessions with teachers. support staff, govemors, and pupils from the sthools, and for gatherings wth the wider community. Since 201 D small spiritual conversation groups have developed in Manchester. Liverpool, the Wirral and Salford. These groups are focused on the three challenges, 'Love lenderly. walk humbly, and act juslly. In addition, a series of sessions has been organised al the Network Centre. offering all comers the opportunity for Spiritual conversation and prayerful refiection on life experience.

THE ENGLISH PROWNCE OF THE CONGREGA TION OF CHRISTIAN BROTHERS TRUSTEES Financial Statements Soclal and pastoral work The follDwlng are examples of the social and pastordl work undertaken by Ihe Edmund Rico Nelwork and Indiviéual Brothers-. Working in parishes, vlsiting, helpiThJ in ¢ate¢hetlcal programs and helping parishioners develop their spiritual lives Community social work with the hDmd8SS Advocacy and support for aS￿uM seek8rs and refvgees Various Justi￿ and peace InltiatNes Guiding prayer groups Working as counsellors The aims of the Trustees in this area indude= Enabling members of the Province lo cary oul meaningful social and pastoral work within the community after assessing Ih6ir skills arKI the needs of the I(￿al area- and En(xJuraging and molivaling metnbers to work wlh and assist the poor. eldgrty and marginallsed. Internatlonal mlssionary The charity supports the intemalional religious and other charltable works carrwl on In the name of the Congregation. Members of the Congregation of Christian Brothers are working in developing countries around the wodd. The Brothers work lo help restore the ￿luCation provision in those countries. They are involved in school educakn'on, special e(luGation tr handicapped children and adult literacy programmes. In addition others are working with orphans and children displaced because of war. The tracing of families of displaced children and the former Ghild combatants is another area of vital Imwrtance. These young people are also offered Ilteracy, numeracy and olher skills-training programmes to help them re-integrate into society and to find ways of Itving economic and socially independent lives. In addition. th8 Trust eontrlbuted to the eslablishmenl of Edmund Rice Bicentennial Trust IERBTI, an English registered charity whose PUTpose is to support ￿ mlsgion of the Congregatiork worldwid8 bul especially in the majority {developingl world. Care and welfare of membBrs Those members who earn salarie5 or recewe pensions donate them to the Trust and therefore have no independent means of support. Many also gNe their services free in their various ministries and ¢onllnue lo do so well beyond retirement age. Hence the work of the Tnjsl indudes both the upkeep and up-skllling I retraining of the members so that they wll be able lo continue in their service to the public. In addltion, the Trust musl also care for the elderfy members who are now themselves in need of care. These members have no resources of their own and have devoted a signrfiGant parl of their lives to the mission of the Congregation. In this regard, the aims of the Trustees over the cuffenl and forthcoming years include: Providing the necessary training to ensure thal the mgmb8rs of theTrust can continue to further the mission of the Congregation. Enabling members to continue with their individual ministries for as long as posslble. Reviewng the propertles used as Community houses and assessing their suilabillty for an ageing membership. Those identrried as being unsuitable wll be adapted or repla￿d wlth more appropriate properties. Ensuring members rer£ive the level of (3re they requlre to provide them with the quality of lrfe they should righuy have.

THE ENGLISH PROVINCE OF THE CONGREGA TION OF CHRISTIAN BROTHERS TRUSTEES Financial Statements Public benellt In sètting objectives and planning activities. the Trustees and Ihe Governing Bodies ofthe schools have given careful consideration lo the Charity Commission's guidance on publlc benefil. The fotjr secondary schools 5UPPOrted and serviced by the Tnjstees and the Schools Office educalg over 4,000 students: are state-funded and completely non-fee paying. They are opan to all with places accessed according lo the admissions and oversubscripllon policies determined by Governing Bodi88 in conformity wtth the statutory Admissions Code and appeals prO￿d￿re5 Currently In force. All of tho senior schools deliver further puts1￿ benefit through the social outreach activities described elsewhere In this report and through community use of their facilities. The primary schools are independent fee-paytng schools. The TTuslees and the Governing Bodles of the schools have given consideration to the suptAementary wblic benefit gui(lan¢e on advartrcing education ané on feerfh2rglng. Each schod has ils own annual slalemenl of obje¢lives lo fu￿1[ ils mlssion and exTrllenGe as an Edmund Rice school. This forms part of each school's development planning. The two fee-paying primary schools are commttled to maximising acce55 by keeplng fees as low as possible. Fees are kept well below the average for the independent se¢lor nationally, below average regionalty, and ￿thIn the reach of families wher& tKJth parents work. Each of the primary school$ continues to develop ils own bursary scheme to make a number of places available to children whose parents cannot pay fees. The number of advertised bursaries available remains limited beGau$e of the unusually low level of fees and the need for due regard for other familios already struggling lo fund their chilé's eéucation. Considerable bursary assi51an¢e is given to families who become unemployed or fall on hard limes. Bursaries are awarded. subject lo meeting the standard entrance requirements of the school, solely on the basis of parental means or lo relieve hardship when a pupil's education or fvture prospects would be al risk (for example. in the case of redundancy or dlvorcel. In addition, discounts are provided lo families when they have more than one child attending the school. Each of the fee-paylng primary schwls seeks to provKle wder public benefrt by a range of means, for example.. Providing facilities for Edmund Rice Camps (summer holiday we6ks> for disadvantaged children from inner city primary schools. Participation in curri(xJlar and staff development partnership links with local state schools. Opening facilities lo community groups free of charge out of sthool hours e.g. adult education classes, neighbouring slate schools. and sports teams. The Edmund Rice Nelwork delivers wblrc benefit through it5 outreach V￿rk with refugee$ and aslyum se6kers in Liverpool and Greater M8nchesler and wlh maryinalised youth in Salford. as described etsewhere in thls report. ACHIEVEMENTSAND PERFORMANCE Educatlonal Programme I S¢hool Govemance All four of the state-funded secondary sCh￿IS are high perforrning Catholic schools in thgir aulhoritieg, oversubscrlbed. perforrning powerfully in rhational league tables, and highly valued regionally for the strength of thelr Chrislian-calholic ethos. They are notable also for Iheir contribution lo loGal improvement partnerships and lo community cohesion through outreach aclivilies, collaboration with other schools in maintained sector, and the communty use of their facilities. Sl. Joseph's College in Stoke on Trent has ￿ntInued to play a substantial role in educational regeneration within a preViou￿Y failing authority both as a Teaching Schoo5 and running the SCITT (school cenlred initial teacher training) to provide new teachers for the Local Authority. Sl. Edward's College, St. Ambrose College and St. Anselm's College provide collaborative partnerships within their areas. 10

THE ENGLISH PROVINCE OF THE CONGREGA TION OF CHRISTIAN BROTHERS TRUSTEES Financial Statements The two independent Preparatory Schools are subject lo inspection by the Independent Schools Inspeclorale IISII Some examples of the in-school support services and opportunities provided and funded across the schools by the Trustees are.. Joint inset with all staff from Prep schools Joint inset with senior schools Residential conference for heads and chairs Training with all year 7 students in each of our academies Induction for all new staff and Governors Heads, retreat Leadership tffiining for senior leadership teams Advocacy work with both Junior and senior school pupils. Edmund Rice Primary Awards On 20th June we invited the Year 6 pupils from all four Edmund Rice primary schools to host our annual Primary Awards Day. Students and staff gathered al Holy Angels Parish Hall early in the morning, along with the office team and our esteemed guest of honour who would later that morning present the awards, Dr Wayne Tinsey, the EREBB Global Ambassador. In turn, each school presented lo the group how they had engaged with the awards scheme this year and what community outreach, or advocacy work they had done as their project. From visits with the elderly, lo talks on human rights, re-wilding school gardens and assisting the work of local charities all of the students in year 6 have done Edmund's work this year. The aim of the Edmund Rice Primary Awards is lo explore the current mission of Edmund Rice education. We do this by revisiting the Edmund Ri￿ story, our charism and heritage, gelling lo know and connecting with the wider Edrllund Rice network and ils ministries, exploring callings and vocation. learning about human rights and advocacy and how we raise our voices with those most vulnerable listening to the cry of the Earth. In response lo what they have learned in the program, each Year 6 class responds by pulling their 'faith into action, and undertaking a project which reflects Blessed Edmund's approach of reaching out in compassionate action. After hearing from all our schools and presenting the medals, we enjoyed a smashing picnic lunch in the beautiful parish hall garden where the sun was shining. We thank Sl Ambrose College catering department for supplying delicious sandwiches. June 20th is World Refugee Day so we joined with Sl Ambrose College lo participate in an advocacy drone photo shoot lo show we #sland together with refugees. Primary students were Irealed to a sneak preview of the upcoming College play about the asylum process in the UK.. Real people. You can read about this further on in the magazine. Thank you lo all Year 6 pupils who have engaged so enthusiastically with the awards program this year and for their wonderful, supportive staff. We wish them all the best of luck with their move to senior school next term.

THE ENGLISH PROVINCE OF THE CONGREGA TION OF CHRISTIAN BROTHERS TRUSTEES Financial Statements Leadershlp In The Edmund Rico Context We welcomed some of our new deputies and headteachers al Woodeaves to work with Wayne Tinsey on what leadership and mission means in our particular Edmund Rice conlexl. Wayne's vast experience of leadership in Edmund Rice schools and his global vision for Edmund Rice education truly inspired our leaders, they were affirmed that love and compassion musl be at the heart of what we offer in our schools. The workshop challenged our leaders lo have Edmund's courage in striving lo teach more than knowledge bul lo ask the questions that our society needs asking. Enjoying lime with a global Edmund Rice educator molivales our school leaders lo continue lo build on the global connections a network such as ours affords. Our new leaders also shared their thoughts on how the Edmund Rice education team can better support them in their mission. Advocacy and Justice BYRICHMEYT edmund rice Engaging Schools advocacy for and with asylum seekers and refugees. an ERI enrichment session. theme: A School's advoca¢y response to Asylum Seekers and Refugees In May, we contributed lo an ERI Enrichment zoom jll tfyatlayJ41 training which focused on how schools can engage their communities in advocacy and justice work with refugees and people seeking asylum. Along with Sean D'Alfonso from North America, the advocacy coordinator for schools in their region and Cormac McArl from the Wesl¢ourt Social justice centre in Belfast, Ann delivered a session lo demonslrale the signrficant work which has been done and continues amongst our students and staff lo raise awareness of the plight of refugees and the asylum failings in this country. We explored programmes and advocacy campaigns that we have all been involved in in our own regions, looked at the facts around migration and the ant- immigrant bias often presented by media and governments. More than 100 participants from arcs the international communilyjoined the session. We have created a reSoUr￿S page lo help any schools wanting lo become more engaged with this global humanitarian crisis. As part of the enrichment. we launched our social media campaign that we ran throughout Refugee week117-21 Junel lo include photos from groups all across our network showing our solidarity with refugees. Intervlews R¢$our¢es & activities • Global perspectl¥8 Participants.. Teachers, educotors ond 18ad8rship in schools and education oncj all Interested or working with asylum Seekers ond refugees Facilitators-. Ann Nlchols IUKI, Sfjon D'Alfonso IUSAI & Cormac Mc Art INII, rnembers ol th8 Edmund Rice Nstworlwill share their personal xperiences & creative stroiegies on creoting a¥vafenes4 chonging mindstrts & Inlticlllno compaigns thar students & schools havg ngaged with in r&$w￿￿Trg to thls human righis issue al a local18v81. Date: Friday, 3 May 2024 Tirning forGeneva: ffj￿10- 1T:30 hrs. IGMT+21 Duration- 90 m Inutes 12

THE ENGLISH PROWNCE OF THE CONGREGA TION OF CHRISTIAN BROTHERS TRUSTEES Financial Statements Edmund Rice Schools stand "#TogetherWithRefugees" In a spirit of togetherness To mark World Refugee Day on Thursday 20th June, schools from a national and international nemfork come together lo show their solidarity with the Most marginalised in our society, those seeking asylum and refuge from global crises. Primary schools Sl Joseph's Preparatory School, Stoke-on-Trenl, Runnymede St Edward's Catholic Primary, Sl Mary's Preparatory school, Liverpool and Sl Ambrose Preparatory School, Allrincham came together with senior students from Sl Ambrose college, Allrincham lo watch a teaser performance of the play the boys from the College have wrillen and devised themselves this year in response lo learning about the challenges faced by refugees and asylum seekers in the UK. Outside the college building, with an audience arranged into a heart shape lo represent the logo 'Togelher with Refugees,, the cast performed the opening of the production lo honour people who have been forced to flee. As Edmund's people we are called to show compassion for those in need and lo demonstrate our love and concern for the most vulnerable in our society. Patrick Groves, Deputy Headleacher al St Ambrose College said, 'We are all created in the image of God and we are proud that our pupils have recognised the importance of highSighling these, often heart-breaking, individual stories. Pulling faith into practical action also reflects the spirit of Edmund Rice." Each of the Year 6 classes al the 4 primary schools coming together have completed an award programme through the Edmund Rice Schools, offi￿ this year which focuses on advocacy, justice and service. As part of their programme, they have learnt about the asylum process, what il means lo be a refugee and met with refugees thefllselves. Year 6 pupils receive their awards in a joint celebration on June 20th for completing their service element of the scheme. The Edmund Rice ne￿Ork works to support those seeking asylum and refugees through Salford Edmund Rice Volunteers and Asylum Link Merseyside. 13

THE ENGLISH PROVINCE OF THE CONGREGA TION OF CHRISTIAN BROTHERS TRUSTEES Financial Statements Classroom Partners Leadership Courageous Leadership shortcourseloryouTrgpe¢pl Global Classroom Link Building on the success of the EREBB program developed and managed by Edmund Rice Education AustTali8 and Edmund Rice England which links student groups across our network around global issues linked to the SDGS, the next phase of partnerships will expand to include an option to link around leadership. We encourage stsff overseeing student leadership teams le.g. prefect leamsl to register with GCP to connect their team with a similar group overseas. When undertaking this project students first complete the free, short bul very powerful online leadership 'Courageous Leadership, course run by the Desrnond Tulu foundation. stanfd t hie'jr Social and Pastoral work Throughout the year, the Edmund Rice Network and the Brothers continued lo carry out various forms of social and pastoral work in order lo fulfil their individual Ministries. This work enables the charity lo reach out lo those in need within society generally and benefit a significant nijmber of people. Within the Network 'religion' is understood as requiring committed social outfeach as well as faith- sharing and prayer. The principal current expression of this commitment is outreach in the spirit of Edmund Rice, lo the 'slrangers in our midst,. Network members continue to provide weekly Ihrough-lhe- year support lo.. Asylum Link Merseyside, working with a Christian Brother al the St. Anne's Centre in Overbury Street, Liverpool. The focus here is on befriending, accompaniment, and the (free} provision of ESOL (English for Speakers of Other Languages) classes. SERV- Edmund Rice volunteers working with asylum seekers and refugees as well as hosting a youth club and an Edmund Rice Camp. Homelessness organisalions such as the Whilechapel Centre in Liverpool involving students in awareness raising and fundraising. 14

THE ENGLISH PROVINCE OF THE CONGREGA TION OF CHRISTIAN BROTHERS TRUSTEES Financial Statements Internatlonal missionary work During the financial year, the Trust made a donation of £15k {2023 £17.8kl lo an NGO group called Dailit. This group works in Bangladesh to improve the social economic condition and the social position of socially excluded individuals and groups through education, health and income generating activities. The Trustees hope lo support this NGO in the future. Positive Impact Investing Our Mission Driven Investmont Approach As investors, il can be easy to gel caught up in simple financial return. However, investing is an extremely useful tool for not only generating financial returns but also creating 8n impact on the world around us. We see our investment portfolio as an extension of our Mission. Alongside our active ministries, we strive to create meaningful change through positive impact investing. Al the same time, we actively avoid investments in industries that are contrary lo our values, such as fossi5 fuels and armaments. By doing so. we ensure that our financial reSoUr￿S are not supporting harmful aclivilies. However, avoiding harm is only parl of the equation. We believe that driving positive change through our investments is even more powerful. That's why we focus on opportunities that promote individual well-being and environmental sustsinability. We assess our impact across key areas that reflect how our inveslrllenls contribute to a beller world. Below are some of the positive outcomes achieved through our investment orlfolio.. co, C02 MES C02 EMISSIONS RENEWI£LE ENSIGY CPROON NKS CO, EWISSWJNS SAVED TOMMES OF ¢0, AW)IDED Jo6s CREATED HELP FOR THEGLOBPL FOSSIL FUEL RESER%fS knirt t¢C(Q eFriW ty an te FIXSIL than irwt and 1.424 pecyh in Foe ¥4nkstr0n an Wi￿&71 ch rirArrt SEQESTER (WTrDRA 1.6 of C02 from31.LW chatity The Portfollo and the Sustainable Development Goals {SDGsl Every investment within our porrfolio is analysed to assess its contribution to the United Nations Sustainable Development Goals ISDGs}. These goals, adopted by all UN member stales, serve as a global blueprint for creating a more sustainable. equitable, and prosperous future. 15

THE ENGLISH PROVINCE OF THE CONGREGA TION OF CHRISTIAN BROTHERS TRUSTEES Financial Statements The SDGS aim lo address some of the world's most pressing challenges by focusing on ending poverty, protecting the environment, and improving overall well-being. They encourage governments, businesses, and investors lo lake meaningful action toward achieving these objectives by 2030, By aligning our investments with the SDGS, we ensure that our financial decisions are not only responsible bul also actively driving positive change. Through this approach. we contribute lo solutions that foster economic growih, social progress, and environmental suslainabilily. The 17 Sustainable Development Goals are as follows.. SUSTAINABLE DEVELOPMENT ALS ++1 ((1 10 12 13 SUSTAJNABLÉ DEVELOPMENT The Sustainable Development Goals {SDGsl closely align with the charitable missions and ethical principles upheld by religious organizalions. Rooted in values of hurnan dignity, social justice, and environmental stewardship, the SDGS provide a framework for addressing some of the world's most urgent challenges-many of which religious cornmunilies have long worked lo combat. Since the publication of Laudalo Si,, Pope Francis has strongly emphasized the need for sustainable development and care for our common home. His call for .every person living on this planet for an inclusive dialogue about how we are shaping the future of our planet. underscores the moral responsibility lo act urgently on issues such as climate change, inequality, and global poverty. Pope Francis ha5 also voiced direct support for the SDGS, notably in his speech ahead of the United Nations General Assembly's formal adoption of the 17 Goals. His endorsement reinforced the ambitious and Iransformalional vision of the SDGS, aligning them with the principles of integral human development- the idea that progress musl support both people and the planet. By integrating the SDGS into investment slralegies, faith-based organizalions can actively contribute lo a more just, sustainable, and compassionate world, ensuring thatfinancial resources are directed toward inilialives that reflect their core values. To ensure alignment of the SDGS we use a comprehensive Ethical and Positive Impact screen which guarantees the Portfolio remains consislenl with the ethos of the charity. The Portfolio currently excludes companies involved in the material production of weapons, tobacco, alcohol, pornography, and a¢livilies such as gambling and embryonic stem cell research. Additional Environmental, Social and Governance IESGI criteria complements the screening lo improve the overall ESG risk exposure of the Portfolio. 16

THE ENGLISH PROVINCE OF THE CONGREGA TION OF CHRISTIAN BROTHERS TRUSTEES Financial Statements Environmental Impact Overall Carbon Footprint 13 Measureinent of carbon emissions plays a critical role in shaping our understanding of how our investment portfolio affeets the cliinate crisis, and also enables us to bettei. address it. Additioiially, limiting carbon ¢inissions intei'acts with several SDGS, Iielping address Cliinate Action in particular. Climate justice is another aspect addressed in our portfolio, as climate change predoininantly impacts those wl)o've done the least lo contribute to pollution and have less resources to deal with it. Therefor¢, control of carbon emissions in our portfolio also contributes to reducing poverty (SDGI), I'vdueing inequality (SDGIO) and preserving life on land (SDGIO) and in the oceaii (SDG14) 10 The portfolio includes several carbon sink investments designed lo capture and remove carbon dioxide {C021 from the atmosphere. Among these, forestry stands out as a particularly effective solution. as trees naturally absorb C02 during their growth process. As a result, the inclusion of forestry funds helps lo offset the majority of the portfolio's carbon emissions, effectively balancing ils environmental impact. Pul another way, this means that the Portfolio in aggregate will sequester Iwilhdrawl 1 g2 tonnes of C02e (carbon dioxide or equivalent gases) from the atmosphere per annum while an unscreene porrfolio of the same size would produce c. 1,466 lonnes of C02e. We believe that these extremely strong carbon emission slalislics makes the Portfolio very much part of the solution lo climate change. rather than parl of the problem. Fossil Fugl Reserves In early 2017, the Trustees made the decision lo fully divest from fossil fuels. ensuring that the portfolio now holds no fossil fuel reserves. This policy guarantees that there is no direct exposure lo companies involved in thermal coal, oil, natural gas, or other unconventional reserves. such as oil sands, shale oil, and shale gas. A significant portion of these fossil fuel reseNes is expected lo become'stranded assets. meaning they may never be utilized if global efforts lo limit lemperalure rise lo below 2°C are successful. By avoiding these assets, the portfolio not only reinforces ils commitment lo environmental sustainability bul also mitigates financial risks associated with stranded fossil fuel investments. The charl illuslrales the fossil fuel reserves held within the portfolio compared lo an unscreened portfoSio. As shown, the portfolio holds zero fossil ftjel reserves, reinforcing ils dedication to supporting the global transition lo sustainable energy. This approach ensures that investments align with the porffolio's overarching impa¢l- driven strategy, actively conlribuling lo the shift away from fossil fuels toward clean, renewable energy solutions. Fossil Fuel Reserves Ithousands of tonnes per Élm investedl Chwtily Por11￿ UftKreened Pamfol QA 17

THE ENGLISH PROVINCE OF THE CONGREGA TION OF CHRISTIAN BROTHERS TRUSTEES Financial Statements Chart showing the Charlty's Investment Portfollo holds no fossil fuel reserves (no blue barj Renewable Energy As the transition lo renewable energy is crucial in addressing climate change, impacl-focused investors typically aim for 8 high level of renewable power generation within their portfolios. In our portfolio, renewable energy production is supported through various investments across Ireland, Europe. the U.S. and developing regions. These investments play a vital role in advancing clean energy solutions while contributing lo global sustainability goals. Below, we highlight some of the key impact metTiCS of these renewable energy funds.. Renewable Energy Fund Renewableenergy fund holding tx>th on5hoie and offshore projecr5 Enefgy fof 3(m),c￿￿j houses perannum Avoids emission5 of 4w.ow ionrEs of C02 per ènnurn I.000,0￿ Mwh ofrenewable p)wer perannum Solar IAcome Fund Fund holding approx 40 solar planis In Euro Energy foi 150.000 houses per annurn Avoids emission5 a1162￿00 tonnes of CO2 per annum 480,000 Mwh ol renewable per annurn The benefit of generating renewable power can be measured by how much fossil fuel power land resulting C02 emissions) il replaces. In 2024, the Portfolio avoided the release of almost 1.052 tonnes of C02e. This is equivalent lo.. Removing 227 cars from the roads every year 2,419 barrels of oil saved 876 acres of pine forest absorbing C02 for one year 115 round trips around the world by one typical passenger car ltravelling al the equalorl. In terms of renewable energy produced, the Portfolio produced 2,278 Mwh in 2024. enough energy to power approx. 616 homes. 18

THE ENGLISH PROVINCE OF THE CONGREGA TION OF CHRISTIAN BROTHERS TRUSTEES Financial Statements Environmental Protectlon and Carbon Sequestration Environmental protection is a critical aspect of suslainabilily addressed by the Portfolio. The forestry investments within the Portfolio have a mandate to.. Produce sustainable limber., Sequester carbon from the atmosphere,. Protect natural resources and biodiversity of the area, in order lo minimise the effect on the biodiversity and general environmental welfare. Social Impact Job Creation Providing eniployment is one of tlie best Methods of reducing poverty, and therefore it has a number of positive beneficial eftccts across the SDGS, froin poverty reduction (SDG I ) to providing Decent Work and Economic Growth {SDG8). As the majority of the jobs created by the impaet investments are in the developing World, and tend to favour women as much (if not More) than Inen, then job creation in these areas irnproves Gender Equality (SDG5) and Reduces Inequalities (SDGI O), both between sexes and between the developed and developing region5 of the world. 10 The Portfolio has a number of funds which provide job creation through their economic activity. The equity funds provide capital lo companies that employ anywhere between hundreds to hundreds of thousands, and therefore additional Capital from investors should enable these companies lo create jobs, albeit that the job creation impact from additional investment in these typically large, established businesses is low. However, other funds that operate in the developing world lend lo produce far higher job creation and comprise the majority of the additional jobs produced for the portfolio as a whole. The new jobs created by an unscreened portfolio of the same size as the Portfolio would only create 5 new jobs, while the Portfolio helped create circa 10 direct jobs in 2024. 19

THE ENGLISH PROVINCE OF THE CONGREGA TION OF CHRISTIAN BROTHERS TRUSTEES Financial Statements Homelessngss Crisis As of 2024, there were an eslimaled 14,000 homeless individuals in Ireland, indicating a dramatic rise of over 2500/0 In the number of homeless families since 2015. This stsrk increase highlights the deepening crisis in Ireland's social housing sector, which has been struggling to meet demand due lo severe limitations in the availability of residential properties and a rapidly growing population. At the time of this reporl, Ireland's population had surpassed S million people, reaching ils highest level since 1851. This population growth, coupled with increasing urbanization and econornic pressures, has put enormous strain on the housing market. In response lo this urgent need for affordable housing, the portfolio has included the New Haven Social Housing Fund, which is specifically designed to address the chronic shortage of housing for vulnerable populations in Ireland. The Fund's primary aim is lo invest in and develop sustsinable, high-quality housing for those most in need, including low-income families. individuals facing homelessNess, and other at-risk groups. The following outlines the key goals of the New Haven Social Housin9 Fund, which works to mitigate the social and economic challenges posed by this growing crisis.. Social Housing Fund Innovative fund acquires properties for social housing purp05e5 Provide IItX)m+ in long term capital to housing sector Target high ESG and sustai nability standards 5(KkF new homes to be provided for social housing needs . iilii K,:Tr. Care and Welfare of Members Throughout the year the charity continued lo assist members of the Congregation in their charitable and religious work. A number of members were cared for in the Cowper Care nursin9 care home in Ireland whilst the charity enabled other members lo work and volunteer in their chosen ministry. In addition, the charity welcomes members from other Provinces lo slay in England lo allow them to study and acquire skills they can lake back to their own Provinces. FINANCIAL REVIEW Results for the year During the year, total incoming resources amounted lo £2.2m {2023'. £2.2ml Of the incoming resources, a total of £1.8m12023.. £1.8ml related lo the fees receivable and other income of the Charity's independent schools, with other incoming resources accounting for £0.4m {2023.. £0.4ml. Investment income and interest receivable lolalled £98k12023.. £71 kl, while donations and gifts tolalled £35k12023.. £3kl. Resources expended lolalled £3.6rM 12023.. £3.Oml, with 99Q/o 12023.. 990/01 being expended on direct charitable aclivilies. Expenditure in the charity's independent schools lotalled £2,1 m 12023.. £2.Oml. Expenditure incurred on maintaining the members of the Congregation and supporting them in their ministry and pastoral work amounted lo £1.4m12023.. £976kl. Mission support costs tolalled £124k12023'. £76kl in the year. Expenditure on governance during the year was well controlled and amounted lo £52k {2023.' £38kl. Net outgoing resources for the year, therefore, were £1.4m. Investment losses of £103k offset by £22k actuarial gains on the defined benefit pension scheme and £700k gain on disposal of fixed assets resulted in a nel movement in funds for the year of1£786kl. 20

THE ENGLISH PROWNCE OF THE CONGREGA TION OF CHRISTIAN BROTHERS TRUSTEES Financial Statements Investment pollcy The charity's investments are held in unilised fvnds. the purwse of which is to provide inveslmenl Income lo promote the charitable objectives of the Trust. and to provide capital growth in the reserves over the medium term. They are invested with a medium rlsk investrnent strategy. The objeclTves for the Investments are as follows: To provide an annual income for the charity To preseNe the capttal v￿ue of the wrtfolio in real terms To ￿nerate a real returll, depending on condillons in finan￿al markets, after the initial objectives have been met To achieve tha above targets while utilising the tharity's 5ts1ed ethical investment policy The investment funds are under the manapment of Cantor Fitzgerald Ireland Ltd. As noted above, all funds have an ethical investment screen,. they exclude companies that fall foul of certain elhlcal criteria. and in mosl ¢ases favour stctks that provide p0S￿ve benefits lo society- these funds only hold invasfimenls that are compallble with the Charivs rdigiou5 ethos. Resorves poli¢y Al the end of the financial year, the total funds of the charity amounted lo £7.6m {2023'. £8.4ml. Of this, £2.7m12023.' £2.8m) is represented by properties and other tangible fhed assets 6ssential for the running of the charity, The Truslees have designated another £6.8m to provide for school and education funding, mission and ministry works and the care arKI welfare of ihe members. Details are given in note 19 of these Financial Slalemenls. The Trustees review and reassess these designations on an on-going basis. Un-de5ignaled or general funds amount to £1.4m. This equates to appr0￿MatelY 5 months of unreslricled charitable expenditure. Tho Trustee5 conslder that. given the nature (rf the charity's work and ils commillnenls, the level of free reserves sFK)uld be ap[￿XiMatelY equal lo be￿een 4 and 8 months, expenditure. 21

THE ENGUSH PROVINCE OF THE CONGREGA TION OF CHRISTIAN BROTHERS TRUSTEES Flnancial Ststoments FUTURE PLANS The charity intends lo continue to review Its spending plans and needs and to make every effort lo manage ils existing assets as efficiently as posslble in order to generate the income necessary lo achleve the harlty aims. The Trustees inlerKI lo meet the following objectives-. Through the work of the Network Support Team to ¢4)ntinuously improv@ the implementation of the 'Essonlial Elements of Edmund Rice Education. through the provisK)ll of support services, induding support for Goveming Bodies, Heads. and leadership teams and in-servlco training for 18ach8rs and support staff. As regards future planning. the CCBT intends to be¢ome a founding memF)er of the Gaudete Trust which is a cdlaborative venture involving five Rdigious Orders who are involved In education. This venture will enable the rich heritage of Relig￿U$ Orders to affirm thelr commitment lo Catholic education and to continue to enrich it. The CCBT intends to pul all Ihelr seven schools into the Gaudete Trust, thus relieving the present trustees of the responsibility of Irustee5hip. The Gaudele Trust will be allied lo a Multi Academy Trust, which will include the Congregation's present four stand-alone ac2demie8. The Gaudete Trust- wlll be a Charitable Incorporated Organisalion recognised by the Charities Commission and a Public Juridic Person re(x)gnIs￿l by the Hierarchy of England and Wales. To continue to extend the Developlng Wo>ld Immersion Programme. This will include the investigation of immersion opportunthes in other Developing World Countries and the drawing in of schools yel to send groups on immersion. To conllnue to develop links ￿th fhe work of 'Edmund Rice Intemational,. the Christian Brother non-governm8r¢lal organisation based in Geneva and working withill the United Nations on Issues of global social justi￿, in parb(#Jlar the rights of the child. To continue lo grow the wider Edmund ￿ce Nelwork in England, using school communities as the core but establishing Iwal groups open to the wider community and providing opportunities for faith-sharing, spNritual refiection, and action for S(￿la1 justice lin parts'cular 511PPOrt for refugees and asylum seekers)- To continue to grow the Edmund Rice Nelwork St￿￿￿allY for the age group 18-25, continuing the connection with ex-sludents of the schools, providing them with further opportunities for immersion, service, social engagement, and refiection both in Brllaln and Ireland and in the Developing Wodd. STRUCTURE, GOVERNANCE AND MANAGEMENT In terms of Civil Law. the charity is governed by an Amended Trust Deed dated 27 February 2015. The charity is registered with tho Charity Commission in En&4and and Wales (charity number 2543121. In accordance with the Amended Trust Deed 'the number of Tnjslees shall not be less than four including any ex-()fficio Truste8 and shall never be more than eight and on the occurr@nce of any vacallGy reducing the Truslees to less than four a new Trustee or rw Trustees sh811 be appointed as soon as possible in order lo restore the number of Trustees to four al the least. In terms of Canon Law, the Congregation is govemed al an intemational level by the Congregation Leader and the Leadership Tearn in Rome. They are eleGted every six years al a General Chapter. The European Province is govemed by the Prownce Leader and the Province Leadership Tearn, who are nominat￿ by members of the European Provir￿. Members of the Provincg Leadership Team are chosen for their personal qualities, their understanding and experience of th8 minislries of the BrDthers and to seojre a good skills mix among them. Each Community in the Province is governed by a local leader, who is appointed by the Province Leader. The Province Leadership Team visils each Communlty al least once a year and throughout the year there is a system of acc(yJnlability operational throughout the Provlnce to help to ensure that the Province Leadership Team are aware of the progress and development of the ministries Garried out in the name of the Province.

THE ENGLISH PROVINCE OF THE CONGREGA TION OF CHRISTIAN BROTHERS TRUSTEES Financial Statements Appointment and Training of Trustees The slalulory power of appointing new or additional Trustees is vested in the Provlnce Leader. Trustees are chosen for thelr personal qualities and their understanding and experien¢e of the ministries throughout the Province. To dale, the Trustees have been members of the European Province of the Congregation and as such they will already be wdl Infomied about the Misslon, governing documents and slraleglc planning and history of the charity. When a new Trustee18 appointed they are given 8 copy of the Amended Trust Oee(l and Ihe Charity Commission's booKels for Trustees. In addition, they meet with the existing Trustees during which th8y are given an ouulne of their responsibi1it18s and contsnuing obligations. Organlsational Structure The Trustees are ulllmalely responsible for the policies, activi118s and assets of the Charity. They meet on a regular basls to review éevelopments with regard to Ihe Charity and its aclfvilles. When nec8ss3ry. they seek advi￿ from the chariws professional advisors. The day to day runnlng of the Academi8s is delegated lo Governing Bodies appointed according lo the statutory framework and instruments of govemment for state-funded schods. The day to day running of the Independenl Preparatory Schools is dolegated to Goveming Bodies. in accordance with th@ instruments of government provided by the Trustees. The Trustees re￿Ne regular finanaal and edvczlional reports from all the Boards of Govemors and Headteachers of the sch()ols. The Independent Sch(Kl Governors and the Foundation Govemors in the 5tat&funded schools are appointed by the Trustees for a given temi of years and may be re-appointed when their term ends. Risk Managemènt The Trustees undertake a full risk assessment on an annual basis and monlior progress on a annual basis. This process is supported by the Finance Office. who works dosdy with the Trustees in this area. The Trustees Identified the following as being the principal risks to which the Charity Is exposed.. Governance and management: considers the efF￿lenCY of the Trustee body. ￿'SkS conshlered include lack of planning, a Trustee body which lacked sufficient skills or appropriate decision making procedures. Such risks could include a lack of training l induction or poor stewardship of resources - human. financial and property. The Trustees have addressed these risks by operating both annual and longer term plans, holding regular Trustee meetirws which indude the monitoring of actual performance against these plans. having meanirhgfvl induction I handover for incoming Trustees. altending Tru51ee training days, seeking thlrd party advice as rwUir￿l, etc. Financial- corbsiders the financial capa￿ty of the Charity and ensuring it has the available financial resource5 to ￿ntinue to cary out ils activities both now and in the years ahead. This incorporates the management of the operating {day-tO-dayl ￿5[tIon. capital or building requirements and the relums earned on the Charity's investment portfdios. These risks are mTtigated in a variety of ways, Including budgeting, the setting of an investment strategy l investment objectives that consider diversity. pruden and liquidity criteria, regular finan(xal and investment reporting against budget, cash-flow planning, the appointment of Stewardship advisors where n￿Sary. Age Profile.. considers the ageing population of the members of the Congregation of Christian Brothers English Province which is SUPPDrted by the Charity. Thls incorporates the review of the trainlng. skillsels and energy of the Brothers in a leadership, Mini5ty or Mission role. The risks are mitigated through training. Trustee visilalion to eath Community, regular Province meetings, healthcare reviews and rolaling Brothers in different roles and the sharing of knowied9e. The Trustees invest time, energy and allocate resources to ensure the continuing of the Charity both now and into the future. This can also include the involvement of lay people to supp)rt the Brothers and the inV￿VeMent of professional advlsors in relation lo stewardship advice to the Trustee5.

THE ENGLISH PROWNCE OF THE CONGREGA TION OF CHRISTIAN BROTHERS TRUSTEES Financial Statements Statement of Trustees, responsibilities The Trustees of the Charity are required lo prepare for each financial year accounts which give a true and fair view of the slate of affairs of the Charity and of the source and application of resources of the Charity for that period. In preparing those financial slalemenls. the Trustees are required lo.. select suitable accounting policies and then apply them consistently., make judgements and estimates that are reasonable and prudent., slate whether applicable accounting standards and slalemenls of recommended practi￿ have been followed, subject lo any material departures disclosed and explained in the financial slalemenls., prepare the financial slalemenls on the going concern basis unless il is inappropriate lo presume that this basis applies. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy al any lime the financial position of the Charity, and lo enable them lo ensure that the financial slalemenls Comply with the slalulory requirements. The Trustees are conscious of their responsibility for safeguarding the assets of the Charity and hence for taking reasonable Steps for the prevention and detection of fraud and other irregularities. Statement as to disclosure of informatlon to auditors So far as the Trustees are aware, there is no relevant audit information of which the Charity's auditors are unaware, and each Trustee has taken all the steps that he or she ought to have taken as a Trustee in order lo make himself or herself aware of any relevant audit information and lo establish that the Charity's auditors are aware of that information. Auditors A resolution lo re-appoint Forvis Mazars LLP as auditors to the Charity will be proposed to the forthcoming Trustee Meeting. Approved by the Trustees on 2610612025 and signed as authorised on their behalf by.. D Gibson Trustee 24

THE ENGLISH PROWNCE OF THE CONGREGA TION OF CHRISTIAN BROTHERS TRUSTEES Financial Statements INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE ENGLISH PROVINCE OF THE CONGREGATION OF CHRISTIAN BROTHERS Opinlon We have audited the finanual statements of The Engllsh Province of the Congregatlon of Chrisllan Brothers (the 'charty'} for the year ended 31 August 2024 which comprise Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and notes to the financial stalemenls, In¢ludlng a summary of significant accounting [X)I￿leS. The finan¢ial reporting frameworklhat has been applied in their preparation is applicable law and United Kingdom Acoounling Standards, including FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Irdand. (United Kingdom Generally A(%epled Accounting Practice). In our opinion, the financial statements: glve 2 true and fair vi8w of the stale of the charlty's affairs as at 31 August 2024 and of its income and expendsture for the year then ended,. have been properly prepar&J in accordance wtth United Kingdom Generally Accepted Accounllng PractlC8', and have been prepared in aCG￿8￿CE wth the requirements of the Charities Acl 2011. Basls for oplnion We conducted our audrt in accordance with International Standard5 on Audlling {UK) (ISAS IUKI) and applicable law. (Jjr responsibilities under those standards are further described in the °Audilor's responsibilities foT the audit of the financial statements. section of our report. We are independent of the charty in aGcordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard. arKI we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit eviden(* we have obtained is suffi¢lenl arwj appropriate lo provide a basis for our opinlon. Conclusions relating to golng concem In auditing the financial slatemenls, we have conduded thatthe trustees. use of the golng concern basis of accounting in thè preparation of the financial statements is appropriate. Based on the work we have perfomied, we have not Identff￿ any material uncertainties relating lo events or conditions that, individually or colleclwely, may cast significant doubl on the charity's ability lo continue as a going concern for a period of al least twelve months from when the financial statements are authorised for issue. Our responsibilitles arid the resFX)nsibilil￿s of the twstees wtlh respeGI to going concern are described in the relevant sections of this report. Based on the work we have porformed, we have not identified any material uncertalnties relating to events or conditions that, individually or collectively, may cast $1gnrf￿anI doubt on the charity's ability to continue as a going concernfor a period of atleasttwdve monthsfrom when theflnanci81 statements are aulhod8ed for issue. Our responsibiliues and the responsibilities of the trustees with respectto going concern aff described in the relevant sections of this rewrt.

THE ENGLISH PROWNGE OF THE CONGREGA TION OF CHRISTIAN BROTHERS TRUSTEES Flnancial Statements other Infomiatlon The other information comprises the information induded in the tnjslee's report, other than the rinancial statements and our auéilor's report thereon. The trustees are responsible for the other Information contained within the annual report. Our opinion on the financial statements éoes not cover the other information and, except to the extent Othe￿Se explicitly stated in our report, we do not express any form of assurance condusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other irkformation is materially inconsislenl with the financial statements or our knowledge obtained in the course of the avdil, or otherwise appears lo be malerially mlsslateé. If we identify such material Ir￿OnSIStencles or apparent material misslatemenls. we are required to determine whether thls gives rlse to a material misststem8nl in the financial statements themselves. If. based on the work we have performed, we conclude that thera is a material misststement of this other information, we are required to report thal fact. We hava nothlng to rewrt in this regard. Matters on whlch we aro required lo report by gxceptton In Ilghl of th& knowledge and undeistanding of the chartty and its environment obtained in the cwrse of the audit, we have not Identif￿ material misstatements in the trustee's report. We have r￿thIng lo rèport in respect of the fdlowng matters in relatlon lo which the CharitTr8s (Accounts and Reports) Regulations 2008 requires us to rep(Kt lo you tF. in our opinion.. adequato accounting records have not been kept, or returns adequate for our audit havo r￿1 been r9ceived from branches not vislted by us.. or the finalloial statements are not in agreement with the accounting records and rolurns,, or certain éisclosures of tru5tees' remuneration specified by law are not Made" or we have not recelved all the infomation and explanatksns we require for our audit. Responslbilltlés of Truslees As explained mofft fully in the trustees. respon5ibililies ststement set out on pago 24, the trustees are responsible for the preparation of the financial stalements and for being satisfied that they give a truè and fair view. and for such internal control as Ihe trustees de18rmine is necessary lo enable the preparation of financial statements that are free from material misstatement, whether due lo fraud or error. In preparing the financial statements, the trustee5 are ￿sponsible for assessing the charity's abilty lo conllnue as a going concem, disdosing, as appIl￿ble. matters related to wing concorn and using the going concern basis of accounting unless the trustees either intend tts liquidate the charity or to cease operations, or have no realistic altemalsv8 but to do so. Auditor's responsibilltigs for tho audit of thefinanclal statements We have been appointed as auditor under ￿t￿)n 144 ofthe Charities 2022 aThJ report in accordance th the Act and relevant rogulab'ons made or having effect thereunder.

THE ENGLISH PROVINCE OF THE CONGREGA TION OF CHRISTIAN BROTHERS TRUSTEES Financial Ststements Our objeGtives are lo obtsin reasonable a5surant% about whether the financial 51atemenls as a whole are free from malerlal misslatemenl. whether due to fraud or error, and to issue an auditor's reFX)rt that includes our opinlon. Reasonable assurance is a high level of assurance is not a guarantee that an audit conducted in accordance with ISAS IUKI wll alw2ys detect a material misstatement when il exists. Misslalemenls Can arlse from fraud or error and are Ix)nsiéered material rf, indwidually or in the aggregate, they could reasonably be expect￿ to irffluence the e￿noMiC dectsions of users taken on the basis of the flnancial stalemenls. The extent to which our procedures are capable of detecting irregularities, induding fraud is delail8d below. Irreguladlies, including fraud, are instances of nOr￿coMpliance wtlh laws and regulations. We design procedures in line with our responsibilllies, outlined above, to detect material misslalements in respect of Irregula￿lIeS, including fraud. Based on wr understanding of the chartty and its industy, we consHlered that non-compliance with the followng laws and regulalior15 might have a material effect on the financial statements: employment regulation, health and safety regulation and anli-money laundering regulation. To help us identify instances of non-com￿lanCe ¥￿th these laws and regulations. and in identfying and assessing the rlsks of material misslalemenl in respect lo non-complianc￿, our procedures included, but were not limlled lo.. Inquiring of management and. whore appropriate, those charged with governance. as to whether the charity Is in Complian￿ wth laws and regulations. arKi discussing their wlicies and procedures regardlng compliance with laws and regulations- Inspecting correspondence, rf any, with relevant li￿n$Ing or regulatory authorities.. Comtnunicating identifieé laws arKI regulations to the engagementteam and remaining al￿1 to any indiralions of non-compliance throughout our audrf(," and Congidering the risk of acts by the charrty which were contrary lo applicable laws and regu181ions, Including fraud. We also considered those laws and regulations that have a direct effeGI i)n the pr8parallon of the financial ststements. such as tax and pension legislation. In addition, we evaluated the trustees, and management's in￿ntiveS and opportunities for fraudulent manlpulalion of the finanual slalements. induding the risk of management override of controls, and determined that the principal risks related to posting manual journal entries lo manipulate financial performance, management bkqs Ihrough judgemenis and assumptions in significant accounting eslimales, in parbcular in relation to Ir￿Me recognition. depre￿atIOn, defined benefit pension scheme disclosures, histor￿1 provisions and signfficant On￿ or unusual transactions. Our audit procedure5 in relation to fraud induded but were not limf(ed to.. Making enquiries of the trustees and management on whether they had knovAedge of any actual, suspected or alleg￿ fraud., Gaining an understanding of the internal (xjntrols establtshed to mitigale risks related lo fraud. Discussing amongst the engagement team Ihe risks of fraud. and Addressing the risks offraud through management override of controls by performing journal enty testing.

Forvis Mazars LLP (Jun 30, 2025 14:02 GMT+1)Forvis Mazars LLP

30/06/2025

THE ENGLISH PROVINCE OF THE CONGREGA TION OF CHRISTIAN BROTHERS TRUSTEES Financial Statements STATEMENT OF FINANCIAL ACMVITIES For the yoar onded 31 August 2024 Total 2024 r¢)tsl 2023 funds fvnds INCOME.. Donations 8nd1o98ths Investrnent Income Income fmm cherltablo a¢dvltl8s Operation ofthg %hools Other Income 35,094 97,￿2 3,095 71,018 97.W2 1.TTO.598 1,804,036 1.760,969 276,469 322,059 276,469 Totsl In¢0 1180.123 33,438 2,213,561 2,157,141 EXPENDITURE ON: Ralslng funds Charitable activthe8 26.583 3.5￿.857 28,583 30,132 3,577216 2,991,483 20.359 Total exwdilur•: 3.568440 20,359 3,605,799 3,021.615 Net18xpènditurè￿nc0mo (1.405,317) 13.079 11.392,2381 18614741 Tran3f8ts b8lw8an luThls 17118 Net16xpend1￿rejflM¢0M• aft•rtransfers 11,405,317) 13,079 {1,3922381 1884rt74} Net Ilossesll gain8 on Invesbwts 11 I102.1￿) {102,196) 1226,774) Nel gain orb disposal of fixad assets 687234 687,234 Other recognlsod (lossesygalns Actuarfal Ikjssesygainson defined bw)offt pen&on 8theme 22.000 Nèt mov•mgnt In funds 1798.279) 13.07 (785,2001 11,091,248) ReGonciliètion of funds Totsl funds brought forward 8,404,520 15.448 8.419,968 9,511,21e Totsl funds ¢arrl•d foNard 7.605,241 28,527 7.634,768 8,419,968 The Statement of Financlal Acb'vities indudes all gains and losses recognised in the year. I Income and expendi￿re derive from continuing activities.

THE ENGLISH PROVINCE OF THE CONGREGA TION OF CHRISTIAN BROTHERS TRUSTEES Financial Statements BALANCE SHEET AS AT 31 AUGUST 2024 Note 2024 2023 FIXED ASSETS Tangible fixed assets Investments 10 2,6S8.138 6,137,760 2,807,976 6.380,800 Total flxed assets 8,795,898 9,188,776 CURRENT ASSETS Debtors falling due within one year Debtors falling due in more than one year Cash at bank and in hand 12 12 331,832 137,000 856,458 219,600 187,500 830,163 rotal Cu￿ent assets 1,325,290 1,237,265 CREDITORS Amounts falling due within one year 13 1777,2131 1645.2131 NET CURRENT ASSETS 548,077 592,052 TOTAL ASSETS LESS CURRENT LIABILITIES 9,343,975 9,780,828 CREDITORS Amounts f811ing due after more than one year 13 1994,2071 1905,8601 PROVISIONS FOR LIABILITIES 15 1715,0001 1455,0001 NET ASSETS EXCLUDING PENSION LIABILITY 7,634.768 8,419,968 Dgfintsd benefit pension scherne liability 22 TOTAL NET ASSETS 7,634,768 8,419,968 FUNDS OF THE CHARITY Restricted funds Unreslricled fund5 Pension reserve 17 18 22 28,527 7,606,241 15,448 8,404,520 TOTAL CHARITY FUNDS 7,634,766 8,419,968 Approved by the Trustees and signed as aulhorised on their behalf by D Gibson Trustee 2610612025

THE ENGLISH PROVINCE OF THE CONGREGA TION OF CHRISTIAN BROTHERS TRUSTEES Financial Statements STATEMENT OF CASH FLOWS Forthe year ended 31 August 2024 2024 2023 Cash used In operating adwtl8S 21 {998.7791 {1,032,0601 Cash flows from Investing ￿tIVItIeS Investment incom6 Pur¢h8$e of investments Sale of Inv9slm8nts Cash movgmgnt on Investments Purchase of tangiblè ftx8d assets Sale of tsngible fixed assets 97,9 {2.969,035) 1,929.870 1.277,853 112,0761 700.￿)0 71.018 (1,213.2981 1,869,255 486.982 (50,7841 Net cash provldod by Inve8tlng actlvltl•s 1,025.074 1,163.173 Incr8a8a In cash and cash equivalNts In the year Cash and &98h 8quivalents atthe iwinning of th& yeor 26.295 131,111 830,163 699.052 Totsl cash and cash oqulv8tènts at the end ol they 830.163 Cash and c￿h equivalents Ca8h at bank and In hand at 31 August 856.458 830.163 Total cash and Gash equlvalents 856.458 830.163 31

THE ENGLISH PROVINCE OF THE CONGREGA TION OF CHRISTIAN BROTHERS TRUSTEES Financlal Statements NOTES TO THE FINANCIAL STATEMEpirs For the yoargnded 31 August 2024 AccouKnNG POLICIES Acwuntlng conventlon The flnandal statements have been prepared in acCordan￿￿th Stsipment of ReGommended Prdclice ISORP 2019)"Aecounti￿ and RepOrtIr￿ by Charitie5", effective 1 January2D19 and appliGablèAecounting St3ndards in the UK arKJ Republic of Ireland IFRS 1021 (effecbve 1 January 20191- (Charitiès SORP {FRS 10211, the Financial Reportlng Standard ￿p￿IcAble in the UK and Republic of ]￿land {FRS 1021 and the Charities Act 2Q11. The English Province ofthe c￿gro9￿￿Ort ofChristi8n Broth8rsTrustees meets the definI￿n of a public ben8flt entity undar FRS 102. Assets and liablltdes are initialty ￿C￿nISed at historical costortsnsaetlon value unle55 otherwi58 Stgted in the releYanta(thuntiro policy note. Thefinancial statements hsvè b86n prepared in Pound Storling a5 thSs Is the curr8n¢y of the primary econom￿ envlronment in which the company Dperates. Thefinancial Stater￿nIS have been prepared to gTve a Yrt￿ and fairf wewand have departod from the Charities (Accounts and Reportsl Regulations 2008 onty to th8 èxlent reqUI￿d to provide a tnJ8 and fAlr view. Th18 d8P8rture has involved following th8 Charities Sl81gmentof Recommended Practice IFRS 1021 in accordance th the Fin8n¢ial RepOr￿.ng Standard applKable in the UK arKI Republic of Ireland IFRS 102) other than the 'Accounling and Repoitng by Charrts: Statement of Recommsnded Practi¢x ChaTitsBs SORP 2005. which has sir￿8 baan vAthdrawn. Going concern Thesg finandal statements have been prepar￿1 on a goiThJ concem basis. The curronl economSc condilior18 present increased ris for all tharities.ln ￿spons￿ lo suth conditions, the Truste8s hav8 eArefully consdeT8d those risks: induded an assèssment of uncertainty on fvlurè forecasts for a period ofat18ast 12 months from the dale tsf￿gnIng the finan¢i81 statemetts, and to the gxienlto whlch they mlghl affect the preparation of the finar￿181 statements on a gotng concem basis. Thè Trustees have a reasonable expectation thatlhe charity has adequato resourc8s to continue in op8ratK)nal existen￿ forlhe forgseeablè firtur& and have n(rt idBnUfied any material uncèrtalntles withiri thelr review. They ore sadsfigj that given th8 cash positÈon of the charfty and the sizg of Ihg invesbment [x)rt￿li0, that It Is appropriate for Ihe financial statements to b8 prepa￿d on a going ¢(￿GeT￿ b8sis. Thèy therefore continue to adopl the goirffJ concem basis of accounliTVJ in prnparfng tho annual flnan¢la( statements. Flxed assets Tho original ￿leS and buildings for the Charivs four S(4￿￿S and vaious other building8 Bre Induded on the batsnc8 sh8et at an aggregate nomlnal value of £1. Building work colnple￿ rn0￿ rec6ntty has been ¢apitalised at cost. Consoqucnuy, the bala￿ sheet does not refflect the full v8lu8 of the freehold land and buildings used by the Charyty and the charge lo ts Ststemenl of Finar￿Tal Activiti8s for deweciation OXGludes any amount in respect of the assèts in question. Property used by the acaderny schools is dassiffied 898 pmgramme rdatwj social investment as anyfinanclal return obt8Sned is not a primary reason for makkng th¢ investment in that the property Is held specifically lo enable the school8 to undertakè parti￿￿r a(IN￿e$ using Ihe propw that contribute to the charitable purp08es. Depre¢iation Depraeiation is provided to writo off assets overtheir useful econom￿ Iwes atthe fiAl￿fig rates.. Freehold18nd and buildings stsavJhl lir Fixturgs, fittings and office equipment 15% reduutyJ baLAnce Motorveh￿los 25% re(lu(xThJ bala￿e Soclal Investmènts Social investsllen18 are stated at cost lèss d&p￿allon. so￿al inve5tsnènts ￿n￿st of premisas rela￿ng to the four academy %h(x)Is. Operatlng 18a#Ès payable Rentals payable undtsroperatiThJ leases arg d)arged on a 8trafvJht4ino basis overthe temi ot thè1é88e. Operatlng leases receivable Assets ￿aSed out und8r op&rating le&wes arB induded wthinthè fréèhold propethes and aro depTe¢lat&d over their useful life. Rental Irthna from operati￿j leasas is reoKonis8d on 8 straight4ine basis over th8 tam of Ihe lèase.

THE ENGLISH PROVINCE OF THE CONGREGA TION OF CHRISTIAN BROTHERS TRUSTEES Financial Statements NOTES TO THE FINANCIAL STATEMENTS For the yexr endad 31 August 2024 ACCOUNTING POLICIES {Con￿￿UedI Invostm•nts Invesknenls are included at mathet value 8t year end. Gains 3nd I0￿&S on disposal arKI TBvaluailon of Investrn9nts are ièrgèd or credfted to the Ststementof Flnancial Adiviti8s. stocks Slocks stalgj at Ihe lower of ¢osl and net realisats4e val￿. For6lgn currency Tr8nsacUons in foreign currencies arè recoriJ8d al the rate rulirYJ at Ihe date of the transactkjn. Monetsry a&s9ts and liabiliues a￿ ￿translat&d at th6 rate of exchange nJliThJ at the balanc8 she81 dale. Wl d￿￿renCeS are takon to the Slatement of Financlat A¢livths. Pen81on costs A multimployer rjeffined b￿r￿fft sd￿me was dosèd to future accrual of benefft on 31 October 2010. Up lo and including the year ended 31 August 2013, thtr Chanty could not idenbfy tts share Of the undetyirvJ as$ and Ilablllties on a rA>nslstant and reasonabte basis. Therefore, in acCOrd8n￿ FRS17, payments to th8 stheme were xcountsd for as for a def1ne(l (x)ntribution stheme. A tredilor was, however, rerAyJni8ed In r69peot of en agreed deficit rewvery plan. During the year ended 31 Mwusl 2014, the Charity 8ntered inio a Deed ofAmèndment and Apportionwnont in relation to this which resulted in therg bging only one employer Ith6 Charity) atxl IheTefore the muvtk Otnployer exemption is no Iwo8r oppI￿Ab￿. Accoftli￿￿, the xheme is now accounted for as a defined benefit scheme 88 dotsilod in note 22. Con￿bUtionS payable to the Charftvs defined t￿￿bUtIOn pen&on pKheme are charged lo the Ststem&nl ot Financial Actiwties so as to spread the cost of thg pensions over the Temainlng service lives of 8m In the scheme. The pension charge is calcuEaled on ￿ b&4s of actuarkil advKca. The Charity also contribulès to the Teth￿. Penstt)n Scheme at rat85 Stst byth&S¢heme Actuary and advls6d to the Trust888 by tha Scheme Administrator. Thls scheme is treated a multimpbyer defin8d b6nefft scheme and cOntribub￿S a￿ accounted for as a thfined conlriiwtion 8cheme. Educatlonal In Fees recowable are accounted for In Ihe period In vthth th8 $￿ce is providwj. DonalSons tk)nations receivable a￿ credited tolhè Stalementof FifianiialAc1i￿￿eS inlhe ￿T￿tid to whlch they relate. g8nernlly Ihg earfier of notification or r8esipL Legades Legaciès r￿[Vable are Gr￿j[ted kn Ihè Slatement of Fln8ncial AC￿¥￿eS in the lo whlch Ihey relat&, whèn relevant recogntbon criteria has been meL Investment Incomè Investment income Is accounted for In the ￿lIDd in which the Ch8rity ts entiued to r8LypL Eamed Sncome Thls consists sub8tsnti8lly of pendons re￿1V8d by the Charity on behalf of the Christian Brothgrs. The corresponding living costs of Chrtslian Brothers arè induded under Prownce Supp Expendlture Expertdltu￿ Is included in tho St8terrMt ol Financial Advttlès on an w£ru818 basis. Supprx1 costs have bèÈn ollocatad lo the main charitable athties in a(wrdance with the totsl dired costs of those acti￿tI89. GoVaman￿C0slS includethose cosls Incurred in th8 9)Veman￿ ofthe Charity arKI Its assets and are primarily 8SS0¢10ted wth constitutional and slatulory wuir8menls. Expenditure on ral￿TV￿ fijnds comprises invostmgnt manag?rnenl fees. Redundarw costs are recA)gnised when incuTh&d. Fund accountlng R8Strictèd funds are to be u%d forspecMl8d pUr￿Ss3 laid dovm ty ihe donor. ExpèndItU￿ forthose purpos08 is ch8Tg8d lo the fu￿, together with a falr alk)ration ofoverhgads and Supp￿ cos unr85t￿ted fvnds are Income rec8Nèd or generdted for oxpendllure on the gener81 obpctives of the Chartty. Designated funds ara unrestri(aed funds whth have be8n dèsignat&d for specAflc PUTposes by the Trustees.

THE ENGLISH PROWNCE OF THE CONGREGA TION OF CHRISTIAN BROTHERS TRUSTEES Financial Statements NOTES TO THE FINANCIAL STATEMEpirs Forthe year ended 31 August 2024 AccouMllNG POLICIES (continued) Financlal in5trumgnt8 The Charity only has finarKx￿ asgèts and ftnarrial liabdilie5 ofa knnd that qualfy as baskflnancAal instrumènts. Baslc financial instrumènts ara inffiBIty recognised al trarwction wdlue. and subsequenly measurBd al their settlement value. 2. JUDGEmE￿rS IN APPLYING ThE CHARl￿s ACCOUNTING POUCIES AND KEY SOURCES OF ESTI￿TIoN UNcERT￿NTy In app￿n9 the Charity's accountirvJ polki8s. the Trustees are requir￿1 to mako jLTrdgements, estimates, and 8ssumptlons In detemiining the c8rying atnountof assets and liabilities. TreTrustè8s' ludggments, 8slimates and assumplons are based on the best and rllost rdiatrAe evidence available al th8 tima when the decisions aré madè, and a￿ based on historyal expgtienea and other factors that are consider8d to be oppllcable. Due to the inhgrent subject￿rtY involved in m8ling SLth Judger￿ls. estirnales and assumptK)ns, the outcomes ay differ. The 88timatès and underfyiry assumptions are rEviewed on an ongoing b&q$. R8vthn$ to accoundng estimatss arg rg¢ognised in the period in whleh tha èsumate is revised, if the revislon 8ffects Dnly that period. or in the peri(KJ of revlsion and fvtur8 p8rtods. Ifthè ￿¥l￿n affeds both current and fvture Pert￿ls. Crltlcal judgtmènts In applylng th? charrty's accounting pollcles Thè erlucal I￿19emsntthatIhe Trusloes. have made Én the prctess ofapptying tha chariV8 a¢￿Un￿ng poiicles that have the MDSI slgnlficanteffect on tha 8mounts r￿nISed in the finanoal statements is discussed below. il A3swlffj Indlcatots of impainventfortrdde In asse3s(ng whèth6r there have been any Indicators of inpaimient of assets, the Trustegs havo Conside￿d both internal and extemal sources of ￿for[￿ation as maT1¢et conditions and experierK8 of rerA>vèra￿E1Iy. There have b8en no ilKI￿l0￿$ of impaimients idenb'fi8d thè current financial year. Key sources of ¢5timati<)n urKortalnty The key assumption$ conceming the future. and other k8y sourcès of esl]mation uncertainty, that have a siqnificanl risk of causing a malerial adjustmentto the am(xJnts of assets and liabilibes wlhin the n6xt financlal year aro di%u&sed below. 11 Recoverdbility of ￿eNableS The charity establishes a provision for recewables thatar8 esbrnated tr> not b8 r￿0Verable. When assessing recDverability the Trustees, conSId￿ factors su¢* as the agèirvJ of ￿Ceivables, past exporignce of recDverablltiy, and th8 cr8dlt pmflle of indNkluals. ill DBtemlnlThJ residual v8lugS 8rKI useful e(xJnOM￿ INes of property, plant and èquipmènt The ¢h8rity de[￿dateS tar01b￿ assets overtheir ests"mated useful lives. The estimation of the useful liv&s of assets is based on historic perforrnanGe as weil as expectations over filture u$8 and therefore requires estlm8tes and assumptions lo bg applied by Manag￿nent The actual INes ofth&8e assets Ggn vary depending on a variety of frdetors. Including lechn(Aogi¢81 innovatK)n and maintenar￿e progTrrnwnes. iiil Pmisions The charity wovSdes for ￿￿ntIal lÉbgation payments In resp8cI of historical 8busè clalms. This 18 done In eonjunclon with the charilys solirytor and is based on Ihe individual claim f8cis and histori(xl outcom8 of satU6d daims therefore rwuires someludgement from management.

THE ENGLISH PROVINCE OF THE CONGREGA TION OF CHRISTIAN BROTHERS TRUSTEES Financial Statements NOTES TO THE FfNANCIAL STATEMENTS For the year end8d 31 August 2024 2. JUDGEMENTS IN APPLYING ThE CHARITYS ACCOUltnNG POUCIES AND KEY SOURCES OF ESTIMATION UNCERTAINTY I￿￿nUed) livl Penslons The charity opetates a deffned benefft p8n8ton knnd. Thss means that Ihe challty has an obllgation to pay ponsion benefits to certain fomwr wnplDyegs. The cosi of these benefits and th8 pr￿nt value of the a88(tht8d obllgadon depend on a numbBr of f￿lOTs, Including". IkFo e)peclancy 8alary itxxeases. assets vduations, Iscount rate as detemiined with reference to Tebjm on hvJh qu81ity ¢orpor8ts bwd& The Gharity uses an independent thary to hdp detemiine reasonable estimates for thesè factors in d8tefMining the nel pension oblbJalion in tre batan¢e *￿et. The assurnplw)ns reflect hi8tori(sl 8xperience and current trend5. Sfjs rtots 22 forthe disdosures rdating to deffined benetit pension th8m8. INCOME FROM DONATIONS AND LEGACIES 2024 2023 Donations and legacie8 35.094 3,095 35,094 3,095 INVESThIENT INCOME 2024 2023 Inveslment fund irtome Bank interest 97,962 71,018 97, 71,018 INCOME FROM OPERATION OF THE SCHOOLS 2024 2023 FeB Incon Education rglaled Inc￿19 1,577.752 226,284 1,508,562 252,407 1,804,036 1,760,969 OTHER INCOME 2024 2023 Eamèd Ineom 194,891 64.W25 16.e53 218,122 87.329 16,608 Sundry Incom& Rent receIvatr￿9 in reSp￿t ol 0￿rating leases 276.469 322,059

THE ENGLISH PROVINCE OF THE CONGREGA TION OF CHRISTIAN BROTHERS TRUSTEES Financial Statements NOTES TO THE FINANCIAL STATEMENTS For tha y•ar ended 31 August 2024 7. ANALYSIS OF TOTAL EXPENDmiRE Operauon Provlnc6 of schoolfj support Mis•lon support Total 2024 Totsl 2023 Ralslng funds Staff costs Inote 81 Llvlng a¥owances Nurslng homes Governance costs (notg 91 tkjnations Admlnlstration Prèmlses Teaching goKJd8 Servlces Loss on dlsposal of fixèd 8ssats Unpald fees p￿vIsiOn Deprecjallon & impalm￿l (note 101 28.583 2￿,530 248,881 64.2 51.745 28,583 30,132 1.818,919 1,620,336 248,881 243,977 64,200 100,113 51,745 52,969 124,419 75,fj29 626,134 463,838 156,536 146,067 68,903 58,781 68.336 79,204 3.342 1.528,389 124,419 166,460 156,536 659,674 68.336 102,684 46,459 149,143 147.227 2,091,30B 1.390,072 124,419 3.605,799 3,021,615 STAFF COSTS 2024 2023 Gross va Social security ¢￿ts Penslon costs Redundancy PBnsion defldt funding 1,352,183 1,311,308 116,497 88,011 242,094 184,572 108,145 36,445 1,818.919 1,620,336 2024 2023 56 Averdge numbeT of WFAoyees 56 There were no employÉ8s12023: one emtloyeel who recefved remunor8Uon in excess of £60,000 in thè year {2023: £70,LK)O to £80,0(Xll. DuriTrJ the year the chartty inGurred redundancy costs tr>tslling £108.14512023.. £nll). Amounts oulstandlng In rgsp8Ct of redundancy wsts as at 31 August 2024 total £nil12023'. £nill. Of thls amount £77,750 was an ex- gratiè payment mad8 lo Ihè Indivk1uas due to a moral oblhJation arising fTom the4r long se￿ce tothe Charity. Th8 Trustees comprise Christian Brothers who. in common with Ihe nort-Tw8lee Brothws. are provKled with Ilwng ac¢ommodation arKI da1￿ ownuals by the Charity. The Trustees consider that they and the Heads. Chairs and Govemors of the two Indopendent Preparatory Schools along wlth the Schcols Offter and Coordinator of Ihe Edmund Face Neiwork CDrnprise the key managem8nl of the Charity in ¢harg8 of direcbng and controlli￿, running and operakn'ng the charty on 2 day lo day basis. The Tmstees are members Of thè cO￿regatiOn of Christian Brothers - Engllsh Province and whilst thgir living and ￿rSonal expenses 8r& bome by the chaiity they reCe￿e no Ternuneral￿n In connection with their duties as Trusi6ès. SimiL7rfy the BoaEtls of Govemors re￿v& no remuneration in connertiDn Vdth their duties as Govèmors. Expenses relating to travel and other costs of £nil12023: £nS11 weTe reimbursed to no12023". non8}Trustees. Ramuneralion of the Heads Ss reviewed regulaty by the Board of Govomors whSle the remunerdtlon of the Schools Officer is roviewèd regularfy by the TTUStg9s. Thè total employe8 benefts ofthe key Manag￿en1p￿rsOnn2y in 2024 was £201.137 {2023.' £174,045).

THE ENGLISH PROWNCE OF THE CONGREGA TION OF CHRISTIAN BROTHERS TRUSTEES Financial Statements NofES TO THE FINANCIAL STATEMENTS For th• year ended 31 August 2024 GOVERNANCE COSTS 2024 2023 Auditors. remunor8lon - audt - norF8udit Other Wl arKI professional advlwy 38,500 6,425 6.820 37,000 6,000 9,969 51,745 52,698 10. TANGIBLE FIXED ASSErs Freehold Flxtures, Land & Flttlngs a Bulldlngs Equlpment Motor Vghicles Total Balan￿ as al 1 septeM￿r2023 Additions Disposals Tffjnsfers 5.737.134 1,106.687 12,076 79,581 6,923,402 12,076 17.112} 135,445) 128,333) Balance a8 al 31 August 2024 5,708,801 1.118.763 72,469 6,WO,033 ACCUMULATED DEPRECIATIOM Balance as at 1 Septernber 2 Charge for yeeT Dlsposals Transfers 3,t148.002 114,640 (15,8661 995,792 31,883 71,632 4,115,426 2,624 149,147 {6,8121 {22.6781 BalanGe as at 31 August 2024 3.146.776 1.027.675 67.444 4241,895 NET BOOK VALUES AS at 31 Augu¥t 2024 2.W,025 91,088 5,025 2,658,138 As at 31 August 2023 2,689.132 110.895 7,949 2,807.976 Tha nal txjok valufy at31 August 2024 represents ￿ed 8Sgèts usad fcr. Fr•ohdd Flxtum, Land & Fittings & Bulldlngs Equlpmertt Motor V•hlcles Total Dlrect charliable purposes: Schools other 5UPPOrt 1.49).093 1,071,933 91,086 1,581,179 5,026 1,Q176,959 2.562,026 91.086 5,026 2,658,138 37

THE ENGLISH PROifjNCE OF THE CONGREGAnoN OF CHRISTIAN BROTHERS TRUSTEES Financial Statements NOTES TO THE FINANCIAL STATEMEp¥rs For thg year ended 31 August 2024 10. TANGIBLE FIXED ASSETS {ContSnued) Oflhe assets r¥)18d above. the follo￿7￿9 represents fixed assets used for 8(Xi81 inv8Stments.' 2024 2023 Soclal Invgstmgnts: Schwls 751.138 780.143 751.138 780,143 q 1. FIXED ASSET INVESTMEKrs 2024 2023 Invegtments.. Markèt value at31 August 2023 Less.. disposals at OP8niry book vak Add.. purchases at cl￿t Foreign exchangg mov8m8nts Cash wrfJv8mwts 6.380.8(K> 7.679, 11,929.870} 11,869,2551 2,969 035 1,213.298 97,844 71,017 {1277.853} 1486,9821 6,239.956 6,607.574 {102.1961 1226,7741 Less: Lossgs on inv88trn8nt Marketvalue at 31 August 2024 6,137.7eo 6,380,800 A summary ofthe investm8nts hald Is shovm bekw. 31 August 2024 Market Value Unit tnjsls 2220.591 6,137,760 2220.591 8,137,760 At 31 Augu8t 2024 Ihe cha￿ty hekl Invethents represenliThJ over 5% of the total wthlio In the following entTbes'. % holdlng Setsnta ElhKal Global Equty Fund Ishares MSCI Workl Socially Responsrtjle ETF Cfam Cantor Parts Aigned GLB EQ 16.40 12.60k 11.9Vo

THE ENGLISH PROVINCE OF THE CONGREGA TION OF CHRISTIAN BROTHERS TRUSTEES Financial Statements NOTES TO THE FINANCIAL STATEMEpirs For the year ended 31 August 2024 12. DEBTORS 2024 2023 Due ￿thIn one year. Trade debtor3 167,108 164,724 48,303 171.297 Other debtors and prepayrnents 331,832 219,600 Du• aft•r on• ￿ar. Othèr dèbtors 137,C 187,500 137,000 187,500 1& CRED￿oR8 2D24 2023 Due v¢lthln one year. Trade creditors Bank overdrdft Tax and socAal security Sundry credltors and ￿C￿al5 Defgrred inGom8 (nota 141 15,451 67,247 24,6(X) 219,370 517,792 36209 254,512 287,245 T77,213 645,213 2024 3)23 Due after one year. Deferred incorno IT)Ote 141 994,207 5,860 994207 J5,8eo q& DEFERRED INGOME 2024 2023 Balanco as al 1 September Amount released to income 1,193,105 1234.954 I287,2￿> 1426.4861 Amounts retumed to parents Amount defvrred in the year e06,184 384,637 B8lanc8 as 8t 31 August 1,511.999 1,193,105 Deferrgd in(x)mè Ix)mprls8s payments in advance for f988 awKI lease r6nt8ls r￿￿ed in advanL*.

THE ENGLISH PROVINCE OF THE CONGREGA TION OF CHRISTIAN BROTHERS TRUSTEES Financial Statements NOTES TO THE FINANCIAL STATEMENTS For the yèar èndèd 31 August 2024 15. PROV1510NS TLal At 1 Septem￿r Nèw pmvlslons in th8 year Increase ID w0￿810nS in the year Utlllsed duTing the yèar Provlsions reversed in th8 year 455,￿0 55,000 420,000 1215.0001 At 31 August 715,0(X) The abovg provi310n8 related to ongoiro legal case8. 18. FINANCIAL INSTRUMENTS 2024 2023 Financial a888ts measured atamorti8ed cx 432,e68 354,060 Cash at bank and In hand 856,458 830,172 Tinancial liabi11ti08 mgèsured at amorbsed cost 80,743 180,8( Flnanclal assets measured al amoTbsed oost wmprfse trade and olh8T Ilebtors. Financial liabilit￿S measured at amorbsed CA)St comprise trade and otherpayables 17. RESTRICTED FUNDS Balance at 31.08.23 Incomè Exp•ndlture Transfgrs Balance at 31.OB24 Education in Africa MaInl￿ance of grdve8 School trips 10.500 10,500 1,000 17,027 (20.3591 15.448 {20.359} 28,527 The Educ4tion in Alrica fijnd represents tunds r6e8tv8d and thus to be exp8n¢Jed ft)r that purpose. The Maintenance of graves fund ￿presents a (lonati(In r8ceNèd specifir2lW forthat puwse. The sthool Mps reseNe is used to ￿Ver costs oftrips wn as part ofsLool ￿)erations.

THE ENGLISH PROVINCE OF THE CONGREGA TION OF CHRISTIAN BROTHERS TRUSTEES Financial Statements NOTES TO THE FINANCIAL STATEMEprrs For the year ended 31 August 2024 18. UNRESTRICTED FUNDS Balance at 31.0823 In￿m$ Ex￿d￿lIe Galnsl Transfèrs {10s8081 Balance at 31.OB.24 Deslgnaled Funds CCB Designated FUMI 1 CCB Designated FurKI 2 CCB D88ignatsd FurKI 3 CCB Designat￿* FutKJ 4 Sl Joseph De8ignaled Fund Sl Ambros8 Dèsignated Fund Total Deslgnated Funds 2.795.510 827.629 224,313 3,073,206 36,357 {138.313} 2.657.197 847.221 201.348 2.313,897 36.357 19,593 36,D97 11.009.063) 253,TT2 1313.081) 950.000 17LX),0001 6,957,015 309,462 11AfjON571 250,000 6,056,020 Gèner81 Funds 1A47.X)5 1.870.661 11,518,886} 1250,(KJOI 1,549,280 Total Unrestrirt￿ Funds 8A04.520 2,180,123 (2.979J43) 7.605.300 The Trustses havè dedgnated fvnds equabrvJ to th& fr￿￿E¥J. Désignat8d Fund 1- total of the lang￿10 fixed awts and in progress cost8 of th& Charity. Designat￿ Fund 2- MIS￿on and Ministy FurKllffj. Thls fiJNI ￿sts to suppx)rt the norFeducaUonal Mlssion and Ministry aclNikn'es ofthè Tnjst overthe next dacadè. De5ignatod Fund 3 - schodsleducational lunding. This rEtxwnts working capital needed by the schools togethorwith a p￿￿on forth8 shortfau in the n(xAeachlng staff pensb)n ￿heme overtho next deixda. D88Ignal￿ Fund 4 - amount committed for th8 i%r& and weware of the PrO￿n￿'S memiw over the next decade. st Joseph's Deslgnated Fund- rd8tes to fu￿$ held by the for specffic exlra-¢urricuL8r activrfaes. st Ambrogè, tlèslgnated F¥Jnd- relates lo funds set aside forth& fiJtU￿ replacemgnt of tha bDller and soh¢Jol roof. 19. ANALYSIS OF NET ASSETS BEnVEEN FUNDS Funds Funds Totsl Fund balances at 31 August 2024 are represent&J ty. Tanglble fixed assets Investments Current assets Cr8ditors Provi&ons Pen&on deficit 2,658.138 6,137.760 1.296,763 11,771.420) {715.IX)01 2,657,197 6,137,760 1,325.290 11,771,420) 1715,0001 28,527 7,606.241 28,527 7,634.768 Unr•strfGted Restri¢tsd Funds Fund$ Total Fund balancos at 31 A￿uSt2023 are repre88nted ty. Tangibl& fixèd #￿ts Investments Current a88ets Creditors Prowsions Pension dth'l 2,807,976 8,380.800 1,221.817 (1,551,073) 1455,CXYJ} 2.807.976 6,380,800 1,237,265 11.551,0731 I455,￿0) 15,448 8.404,520 15.448 8,419,968 4t

THE ENGLISH PROVINCE OF THE CONGREGA TION OF CHRISTIAN BROTHERS TRUSTEES Financial Staten7ents NOTES TO THE FINANCIAL 5TATEMEKrs For the year ended 31 August 2024 20. LEASING Al 31 August 2024 the charity wa5 cornmittgd to maklng the lollowirvJ payments under n¢)tpc3nfjellable operalnglgases. Ml Operatir￿ Eeases r81*8 to th& rent of ￿uIpment. 2024 2023 Payments due within: Within one year ￿@￿een two and five years 660 66 Tho totsl ope￿11￿ kaso paymants recognlsed as an expwtse wa¥ £66012023.. £f.81n. At 31 August 2024 thè tharfty had enlered into operdting lease agrtsomènls acung as l&ssor. The foll(xving amounts aro duo lo be rece￿ed within the followiFYJ time periorts.. 2024 2023 Within one year Between ￿ and five year5 In overfNe years .o(x) 360.0 480.tM)o 117,600 352,800 560,400 930,000 1,030.8 21. RECONCIUATION OF NET EXPENDrruRE TO NET CASH FLOW FROM OPERATING ACTIVlnES 2024 2023 Not oxponditur8 for the wk)d (785,2001 11,091,246} Adltjstrnènts In raspo¢tof: Depre￿a￿C￿ charges Impairnentcharges Inve8tmonl Investment gakns Nel (loss) I profjl on dlsposals of fixed assets Decrease In stod( (Ir￿rease) IdecTease in debt(x8 Irkcfftase I Ideerease} in ￿EdItOrS Pension adjustrnent Foroign exchango rnove￿nt on Investmenls Increas&] Iclecrease) in provisK>ns 149.147 147,227 {97.962) 102,198 1687,7331 171,1081 226,774 3,339 161,7321 220,347 17,6801 1155,JAOI 197,8441 260,000 171,0171 113,0001 {998.T191 11,032,057)

THE ENGLISH PROVINCE OF THE CONGREGA TION OF CHRISTIAN BROTHERS TRUSTEES Financial Statements NOTES TO THE FINANCIAL STATEMENTS For the year 8ndèd 31 August 2024 22. PENSION COMMITME1￿ AND OTHER posr RET[REME1￿ BENEFrrs Defihèd Bèn8fit Penslon Scheme The group operated a defined benefit schèmè in the UK. The last fvll actuarial valuatTon wa5 ￿rrted out 81 5 April 2011 by a qualified independent 8¢tu8ry. The scheme was closed to future accrual of benefit on 31 October 2010. Up to and Includlng the year ended 31 Augus12013. the Charity could not Id8ntsfy its share of the underfying 8858ls and Ilabilthes on a consislenl and r9aSOnab￿ basls. Therefore, in a￿Or￿anCe with FRS102 Se¢tion 28 'R8tir8m8nl and po8t4mployment benefits., paymènts io the scheme were a￿Unted for as for a d8fin8d contriL￿t￿>n %heme. A creditor was, however. rwnised in res￿ of an agreed deficit recovery plan. Duri￿ the year endod 31 August 2014, th8 Charrty entered into a Deed of Am8ndmènl and Appthonrnent In relatlon to this sthgmè whlch resulted in the￿ being onty one employer Ilhe Charityl and Iherefore the mulli- employer exemp￿0￿ is no longèr Bppllcable. Aco)rdiroty. the s(*Trem6 Is now accounlod for under FRS102 Sedon 28 as a defined b8nofrt sd)em as detalled below. On 26 October 2018. the High Court handed (kywn a l(Klgement invoknrvJ the Lloyd$ 8anklng Group's (Jefined benefit pension Sthemes. The ludgemenl ￿NclUd8d the sthemes Shou￿ be amended lo equalise pen8ion benefits for men and women in relation to guar8nt¢ed minimum pension benèfits, I'GMP'I. The Govemmenl ill need lo eongderthis outcome in conjunctKin with Ihe Govemmenf8 reeÉnteonsultslion on GMP indeKation in public sector sd)emes before conduding on any iknThJ8s required to LGPS 8¢heme& The major as$umptlons used by the actswry vRrn: 31 August 2024 31 August 2023 Rale of incr8880 In $alari¢s per annum Rate of increase in inflation linked pensk)ns tn payment per annum NIA WA 3.35% 3.5, Expe¢t¢d tate of retum on Ihe plan as8et8 Discount rale per annum Inflation assumption per annun Mortalfy table pr￿retirerr￿I Mortallly table p05t r8brem8rrt 3.75% 4.￿% 3.35% 3.70 5.250h 3.5/0 AMIFOO 100% S2PA CM1201911.25Qkl AMIFOO 1000/. S3PA CM12023 {1.26Y.} The asyets in th• S¢￿M￿ were: 31 August 2024 Value £'Ql)O 31 August 2023 Valuè £'OOO Equities B(￿8 Ca 259 4.913 146 751 990 3,571 Tota1 fair valu8 of assets Present value of funded ob1V￿b.0I 5,318 {4,158} 5,312 13,9961 Total $urplu51ldefflclt) 1.160 1,316 As per s￿knn 28.22 of FRS 102 8 d&fin6d txnefft plan asset shall only ￿ r8cD3nised to the extentthat the Charity Is able lo recoverth8 surplus. Given thwe Is Th) expectsfi￿n thè su￿uS ￿￿11 be re￿ered, the has not been re¢(yJnlsed on the balar￿8 shgeL

THE ENGLISH PROVINCE OF THE CONGREGA TION OF CHRISTIAN BROTHERS TRUSTEES Flnancial Statements NOTES TO THE FINANCIAL STATEMEpirs For the ygar onded 31 August 2024 22. PENSION COMMITMEKfAND OTHER POST REllREMEiif BENEFITS leonttnuedl AnalyslB of galn Indudwl In Statement of Hnanclal Actl¥lli•x: 31 August 2024 £'ODO 31 August 2023 £'ooo Gainlllossl on 8chem8 88$0ts and (AJlp38ltor (Gain￿osS on notional surplus re¢ognk8ed Nèt smount ￿X)gnISed in other compr8hen8ive 1￿me {134} 156 13501 350 22 Rg¢ondllatlon of change In defined benefft ¢Jbligatlon: 31 August 2024 £'ooo 31 August 2023 £'ooo Opanlng defin￿1 ben8fft obl￿aliOn Interest co ActU2rial lossesl{gain81 on obWJati(x) Benefits pa 4,660 182 1636} {2101 12251 Clos5ng definod bon•fft obllgatlon 4,158 3,996 Rocon¢lllation of change In plan assets.. 31 August 2024 £'ooo 31 August 2023 £'ooo Opgnlng falr value of F4an assets Expectsd retUTn on plan assets Actuarial gains on assets Contiibubon$ paid by the enyknyer Beneflts p Pension schamè axpanses 5,312 271 49 6,297 247 19861 26 12101 {621 12251 (891 5,318 5.312 Amount¥ for the current and prevlous four peri<Jds.' 2024 £000 2023 2022 rooo 2021 £'ooo 2020 £'ooo Defined b8nefft obligatjon Plan assets Surpluslldeficiil 14.158) 5.318 13,9961 5.312 1,316 (4,6601 6,297 1,637 16,577) 7,170 593 {6,5921 8.774 182 Based on the current sCh8dU￿0fC0nts7bu￿OnS. the companylgr¢yJp expectslo payeonfribulons in the region of£316k to the schem8 during the next a¢counlltYJ period.

THE ENGLISH PROVINCE OF THE CONGREGA TION OF CHRISTIAN BROTHERS TRUSTEES Flnancial Ststements NOTES TO THE FINANCIAL STATEMETrtYs For the yearondgd 31 August 2024 22. PENStON COMMrrMENfAND OTHER POST RETIREMENT BENEF￿s Icontlnued) Teachers. Penslon S¢hwY The Teachers, Pensi￿ Scheme ITPS} Is a statutory, ¢onlrributory, dèfined benefft sche￿, govem8d by the Teachers, Pensions Regulations 2010, Bnd, from 1 April 2014. by Teachers. Penslon Schemè R￿Ul&tIonS 2014. These regulations apply to teachers in schools and other edL￿?￿onal e5tsblishrnents, inoluditvJ academies, in England and Wales that are maintained by I(￿1 authorities. In addition, teachers in many ind8pendenl and voluntary-aided schods and teachÈrs 8nd leeturers in some establthments of furth&r and higher educatr)n May bo oiigiblg formembership. Membersh￿> is autornatic for full-time teachers and lècturers and. frcmn 1 January 2007, aulomauc too for teachers and knturers In part-time employmgnl folbwing appolntment or a d)ang& ¢rf ¢ontra¢t. Teachers and lecttJTef5 aro abl& to opl out ofthe TPS. T￿ch•r8. penslon bud￿tIng and ValUa￿on account The Teachers, Penson Scheme (tPSl is a statulory, contributory, defined benefil scheme, govemed by tho Teachers. Penslon sch9￿ Regulab￿S 2014. These regU￿tiOnS apply tts teachers In schools, colleges and other educalional establishments. Memberthlp is automatic for t8a(thers and I￿IrerS at eliglble Institutions. Teachers and lecturers are able lo opt (Mrt of the TPS. The TPS Is an unfv(nded sthèmè 8rKI members contribute on a 'pay as Y￿ go, basis- these ctsnlrfbulions. 81(bng wlth those rnade by 8mploy8rs, 8r9 (xedited to the Exclwuer undèr arrangements govemed by tho Bbova Act Retirement and other pensi￿ beneffts are paid by publ¢ fvnds provided by Parfiament. Under thp definStions sel out in FRS 102128.111, the TPS is a mulipemployer pensk)n ￿an. The Charity Is unable to Idenufy its shaTr ol the undertying assets and liabilibes ol the plan. Aecordlngty, the charity has tsken ad￿ntr9e of the exemption In FRS 102 and has acC￿n￿l for ils contributions to the scheme as rf f( w8r8 a defme&conlribulw)n pLqn. Thg S¢hool has set out above thè inf0ma￿n avaLable on the pL4n afKi thè impli¢Ations fvr th& Schwl in lems of the ant￿Ipated contribullon rate5. Tho valuation Df the TPS Is carried out in line vAth regulations maijo under the Put￿￿¢ SeN(ce Pension Act 2013. Valuallons credit the teachers. pènslon account with a real rate of rytum assumlng fvnds ar8 inv8st6d In nouonal Investments that produ(* th8t red rdte of retum. Th&18testBCtuarial rew8w ofihe Trs vras carrfed as at31 M8rth 2020. The valuation few)rtwas puNish by the Department for Educat'on (the Department) in October 2023. The vdu8tion reported total sch8mè liabilities (pensions currently in payment and th8 est'maled cA)st of futur8 benofitsl for Serv1￿ to the eff8elive (Jate of £262 billlon, and nolK)nal assets {e$timated future conln'bukn'ons togeth8rvAth the nolonal inve8trnents h8ld at th8 valualM datel of £222 Lilli¢)n giviru B notional past servic8 d&￿tOf £39.8 billion. A8 8 result OfU￿ Valuat￿n. new employer (x)rTtribuflon ￿leSwere 8el a128.68OA Ofper￿)nab1e pay from April 2024 onward8 Ictsmpared lo 23.68% priorto Ihisl- A fvll copy of thè v8lu8lon report and suppwmting (kMJJmentaUon can be found on th8 Toachers, Pension Schem8 w8bsit8. 23. CUSTODIAN TRUSTEE HOLDINGS The Trustees hold certaln Invesknants and bank a¢xounts as cuslodlan Trustee M)Idings onty. The assets. totalling £162,042 at 31 August 202412023= £158,895) are ￿ld securely and separately frotn those of the Trustees who are rgsponsibie fgr thelr safe custody. Thèy ar& therefore induded in the Tnjst's balance sheet.

THE ENGLISH PROVINCE OF THE CONGREGA TION OF CHRISTIAN BROTHERS TRUSTEES Financial Staten7ents NOTES TO THE FINANCIAL STATEMEpirs For the year ended 31 August 2024 24. POST BALANCE SHEET EVEKrs Ther6 have been no dlsdosablg Post batanc8 she8t8vents. 25. RELATED PARTIES Durfng th8 y8arthe Trustses were Irwolvad the followng related party transadkMs'. Rglated party Contrfbullon5 Reiml￿rSeMent Donatlons Outstandlng oUtst￿dIng pawts bY¢￿Iege￿I0 ofc(Jsls In¢wred mad6 to ihe al 31 August at 31 August Sl Ambrose Collegg StAns8lm's c￿lege Sl Edward's Co11eg8 st J¢>80ph's Coll 30,( 45.IXJO 30.0(X) Related party rglgtlonships The fourc(Al8ges natllpd above are conspJeTed to repr888nt rdated parties dug lo either the Engllsh Provln it881f or certain of its Trustees beSng members of the (xjlbgfys. tyther ￿th the English Provlnce hthng th8 ability lo appolnl a numb8r of college p)vemors. The Trustses havè taken the view thatitwould not be 8pprr¥Jriateto cong)IKlats th8 a(£ounts ofthe academy trust$ FRS 102 as the Academies must abKlfj by strict )InarKial and opèralng provisions laid down by thè Dapartment for Education and these amount to severe tem) restr￿￿On$. Thg TrustÉas comprfse ChrBtian Brothers ￿0, in C{￿)n￿ wtth ts non-Trustèè Brothers, are p￿VIded ￿th living ￿COmmOdatIon and daily essentials by the Charity. During the yearthe Trustees, similarto the non-Trustee Chrisllan BrolhgrB, donatèd 811 of their eamgd income by parpetual gift aid to the Charity. In the yearto 31 August 2024 this amounted to £96,(X)012023- £76,446). slrnila￿y, as stated in Note 8, the Truste8s havè their and p8r80nal expenses bome by the Charity 2nd they ￿Ceive no remuneratson in connection with th&r dub.es as Trustees. No exFWSèS reLqtiro to trdvel and oth8r costs w&re reimbursed to Trustees in either 2024 or 2023. The Charity has also had Irdnsactions in the CCB Northem Irdand TrusL During the yearlhe Charity reGh8rged the Northem Ireland Trust£12,298 rapr&sentirrfJ expenses Incurred on thelr behalf12023.. £18,527). At the year end the amount cweil to the Charity wa$ £8,￿lO12023.' £13,656). Thls is linked lo the Charity as Br E Garvéy Is a Trustee ofCCB Northem Ireland Trust as well as Ihe Englith Trust. The Charlty also had transadions in th&y8ar5￿U1 Yhe Congregation ofchristlan Brothers European Provinc Replsblic of Ir8latKJ" ICCBEP4<011, a Charity wistered In the Republic of I￿18nd. At 31 August 2024 the Charityis owèd £72,35212023'. owed10£29,4151 by CCBEP4101 representing expenses inCUr￿d & recharged.

THE ENGLISH PROVINCE OF THE CONGREGA TION OF CHRISTIAN BROTHERS TRUSTEES Financial Statements NOTES TO THE FINANCIAL STATEMEpirs Forthg year èndéd 31 August 2024 26. CONIPARATIVE STATEMENT OF FINANCIAL ACTp4mES Unrè#trfctad R•strtcted funds funds Total 2022 2023 INCOME.. Donations and ￿9a￿e8 Inveslmonl incomè Ineome from ¢harltabkt acllvllles Opera￿On ofthe schools Ott)er Income 3.095 71.018 3,095 71,018 30,033 209,917 1.733.B62 322,059 27,107 I,760,￿ 1,735,732 322,059 338.241 Totsl Incomo 1130,034 27.107 2,157,141 1313,923 EXPENDITURE ON: Raislng funds Charitable ath'ti88 30.132 2,964,333 30,132 35.817 2.991,463 2.905,785 27,150 Total ￿P•n￿ltUre.. 2,994A65 27.150 3.021.815 2,941,602 Net expendlture 186V31) {431 1627.ff19) 1627,ff19) Transfers bgknn fvnds 19 Not expenditure after transfeTB 1864,431} (431 (627,679} {627,6791 Net gainslllDsses} on Investmellts 11 1226.7741 {226,7741 230,246 Nat gain on di8￿)S8[ of fixed a88ets Othèr recognlsed Ilossesygaln$ Actuarial1108se8)Igainson defined benellt pgnsion 8chem8 I329,2￿) Net movernent In fvnds 11,091,205 {43) 11,091248) 1726.6331 R8concilletion of fiNKIs Total funds brought forward 9,495.725 15,491 9,511,216 10,237,849 Total funds ca￿led forward 8h04,520 15A48 8,419,968 9,511.216 47