Charty Number: 101722 Company Number: N1054357 (Northem Ireland> THE INSTITUTE OF THE BROTHERS OF THE CHRISTIAN SCHOOLS (IN NORTHERN IRELAND) LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
THE INSTITUTE OF THE BROTHERS OF THE CHRISTIAN SCHOOLS (IN NORTHERN IRELAND) LIMITED CONTENTS Page Legal and administrative infomation Direclors, report Statement of Directors, responsibilities Independent audito¢s report 8-10 Statement of financial activities 11 Balan sheet 12 Statement of cash flows 13 Notes to the financial statements 14-21
THE INSTITUTE OF THE BROTHERS OF THE CHRISTIAN SCHOOLS (IN NORTHERN IRELAND) LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Directors Br ChristopherThomas Patrick Collier Br Eamonn Manning Br Michael Loran Br Patrick John Kelleher BrJames Mangan Br Joseph Reid Secretary Br Michael Loran Charity number {Northern Ireland) 101722 Company number N1054357 Registered office and principal address De La Salle Residence Glanaulin 141 Glen Road Belfast Northem Ireland Auditor Walsh O'Brien Hamett Chartered Accountants and Statutory Audit Fimi 104 Lower Baggot Street Dublin 2 Bankers Allied Irish Bank (Nll University Road Belfast Solicitors Napier & Sons 1-9 Castle Arcade Belfast P.J. McGrory & Co 52 Andersonstown Road Belfast
THE INSTITUTE OF THE BROTHERS OF THE CHRISTIAN SCHOOLS (IN NORTHERN IRELAND) LIMITED DIRECTORS. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The Directors. who are also trustees ol the thatity lor the purposes of the Companies Act 2CW36 present their annual report together with the audited financAal statements of The Institute of the Brothers of the Chrlstian Schools In Norttwn Ireland for the year ended 31 December 2023. The th're¢tors Confirm that the Annual Roport and financial stat•mants of Ihe company comply with the Current ststulory requirements. the requirements of the cornpany's governing document and the pmmsions of the statement of Recommended Prath"ce ISORPI. applicable to charities preparing their aceounts in accordance wrth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 as amended by Updats Bulletin 1 {8ff8ctive 1 January 2019). STRUCTURE GOVERNANCE AND AIANAGaW4T The chanty was establish8d on 16 March 21XIS as a charitable company and i8 limited by guarantee, not having share capital. The compan$ registered number is NIO543S7 and its registered tharity numbor is 101722. Govgmance The Institute of the Brothefs of the chri5b.an Schoo15 {In Northern Ireland) Limitsd 15 governed by its Memorandum and Articles of AssorAation wlM"th w¢ro ended by speryal rosolution on 30 August 2005. DirectLYs The Directors. who are also the Trustees of the charity. at ts date of this report and those who served during tho financial year together wth the dates of any ¢h8rys are s•t out in th• hgal and administrative detsils on pa The Director5 of the charrty are appointed by the Prowncial and Counul of the De La Salbe congregatTon, 85 sot out in thè MemoraTrJum and Artidès of Association. Tho number of Dir8Ctors is determined by the Counctl. h minimum of and a maximum of seven. Diredors are sdected based on their willingness to serve, govwnancÈ skn"Il$, relevant experienee. and jgnMent with the èthos. mtssion. and philosophy of tha charity. Their tenn of office is four years. renewable as deemed apprcyriate by the Provinaal and Counal. Mombers of tho charrty also haNp tho power to appoint new Directors or fiN U•l v¢ancies and may. by special re501ub"on, remove a Director before the expry of thr temi. Directors do not recwv¥ wmUneraon but may be remnbursed for out-of-pocket exnSeS. and no Director may be emrAoyed by the chanty. Th8 secretarywho soNed during the yearwas 8rotherMichael Loran. M8nagern8nt The Diredors are rosponsible for setting and implementing the charthes policie$. The board mgets re9ulaty in mplianca with its statutory responsibilibas and roTriyw th8 impact of the charity arKI its achievemonts. Directots are not remunerated for th"rsavices and are not reimburned for any oul-of*ocketexpenses. PrinopalRisks and UnCert"nl?S The Directors are re5ponsibte for settin9 the charities internal Syst1$ contrc4s and lor VIewIng them for effectiveness. The inlemal systems and Contr system FS deggned to manage. rather than eliminate the risk of failure to achieve the charities objectives and Gan onty provKJe reasonable and r)ot absolute assuran against material misstatements or dekit. The Oirecttys are not aware of any speofi¢ risks or uncartainties which wouhJ have an impact on th• compary.
THE INSTITUTE OF THE BROTHERS OF THE CHRISTIAN SCHOOLS (IN NORTHERN IRELAND) LIMITED DIRECTORS. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The otyect and piincipal ath.wty of The Instibjte of the Brothers of the christi.an Sthods (ln Northern Ireland) Limited is that of advanaThJ the Roman Catholic Faith in Northem Ireland and to prowde or assist in the provision of educakn'on of children and young person'$ attending in any school or educabond e5tablishm8nt in which religious instruction in the doctrine, principl8s and precepts of the Roman Catholic Faith is given. Our main charitable activities a the sw)port of 8rothers arKI th•r ministries wkn.th faeilitates the core activibes of the Institute carried out through.. the managm•nt of Jchools. 08 La Sall• High S¢ho¢4 Oownpatric and Sl Patrid('s Grammar School. Downpatrid(. As of September 1. 2024 these tsyo schools merged wth St Mary's HJh School to fom Lecale Trinity Grammai School, a new 11-19 ctreducational voluntary grammar schod under the trusleeship of The Instrtute of the Brothers of the chn5ts.an Schools (ln Northem Ireland) Limited. The Brothers were active members on both boards of manapment the end of the academic year 202>2024. the operation of two residences at Glen Road Belfast and Dvnpatric lunding to the De La sal Pastoral Centre in 8elfast The Institute also acts as bare trustee for the properb.es of the De La sle Congregation in Northem Ir¥land as outlinad in note 12 to the finanaal statements. Publlc Benofft The Director5 hav• reviv4¥ed the olevant guidance publishgd by the Charity Commrssion for Northem Ind conceming the principles of public benéfft in r¢l•tion to both the advancament of odu¢8tion and the advancement of idigion. The Directorn are satisfied that all of the activitEs of the charity.. as ouvined in the achievemerrt and perfomance section of this report, fall ¥h1Th rts ststed thantable obiecb'ves and wovide a dear benefit to the public. The CharTrty's facAitie$ offer OpponIbe$ young persons and adults to grow physical. mentally, and 8iMrrtual through training. instruth"ons. coun5elling and supeThrsion. alongsKle the provision of suitable educab.onal and instruth'onal resources. Ths N¥0 schools - one secondary and one grammar - share a common othos. fostering an environm•nt that supports growth and promots.on of Lasallian CathcAi¢ faith in Northem Ir•land. In response to the Department of Education poliaes and Governmenys Area-based PlanniThJ requirements, the Institute is activety assistgd the th post-primary s(ools in Downpatrid( - Do La Salle High School. St Patrick's Grammar School. arKI St Mary's Hvjh School - in •statlshIng a partn•fship. Together, they workfjd towards ¢r•ating o model of co-educational provision for l 1 -1&year-olds in Dowryatrick and the sUrroUrlng njral area. As ol September 1. 2024 V)e Lasallian sthools in Downpatn"ck mer9ed with St Mary's Hh School to fom Lecale Trinity Grammar School, a new 11-19 clucatiOnal voluntary grammar $ch¢x4 under th8 trusteeship of The InstitLrt8 of the Brothers of the Christian Schools {In NOrtM Ireland) Limited. The dir•¢t benefit lollowing Irom th• charitib purposes of the Institute are of a pastoral. Spifitual. educational and indusive nature. These actiwties help studer)ts and adults devel¢)p their personal development. socaal skills, faith, and spintual lives. It enables them to improve their selfsteeffl, have a greater awareness of themselves and olhers. The spiritual dimension permaates daily a¢ti¥it*, and the students are •n¢our4ed to believe in their own worth as chddren of God by whom Ihèy ar• lov•d unconditio.
THE INSTITUTE OF THE BROTHERS OF THE CHRISTIAN SCHOOLS (IN NORTHERN IRELAND) LIMITED DIRECTORS. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Before the Covi&19 parthJ•mic. the De La S•lle Pastoral Centre in Belfast ¢ater•d for an average of 39 schools each year with over 2.000 yOLfftg peoth attendtng ore of the ¥aruS retreat programmes available each year. Throughoui 2023 the number of schools parts"apabn9 In the La Salle P&storal Centre continued the steady increase back to pre£oMd numbers. The value of these acts"vrts"es is evtdenced by POSTbve feedback from paTb"cipants. The relationships formed among teachers, students. and the past(Y81 care framework aro a$ vrtal lo $haping a schod's ethos as the fornial currithum or the skills of the educators. The primary benefioaries of Ihe De La Salle Pastoral Centre are sbjdgnts in local schods in the Belfast. as well as the wider community, who use the pastoral facilrtt'es. Through the In$tibJt8's intémana[ connectio. tsa¢h•rs and pa$toral staff at the two scho¢4s, and tho pastoral ntre in Belfast benefit from a variety of formation and trairring programmes amed at their ongoing personal, profEssional and spiritud develolIent. ACHIEVEMENT AIID PERFORPAAPKE ThroughoLrt 2023 the number of young pec beneffted from the yogrammes of the 8effa$t La Salle Pastoral Centre has reached again the 2019 prfrpandemrc tevels. Throughout trE year the centrg offered the following programmes.. For Primary School students. Confirmation Retreats and Transition Retreats {primary to SerAdary) A range of ag&appropnate retreats for SeTr3ary stLhJents from Year 8 to Year 14 Year 8.. 8eginrirvJs Year 9." Lovg One Anothr Year 10: at Can I t)0? Year 11.. Finding a Mor Compass Year 12.. SelfSteeM and ResnCe Year 13." Beliets and Atbtudes Year 14.. Go¢J Speaks to the Heart Retreats bassa on resilNnce Advent and Lenten retreats ProgTammes and sessions off•r8d in school ratherthan atlhe tsntre." Journey ofytyjr Heart- a meditation prr•3ramme delIred ovor Ihrw dass period sessions for Years 13 and 14 students Ignatian Daily Examen for Years 13 and 14 st meditab.on for Year 8 students Advent anOr Lent ontire short refieth.ons via Zoom for school gmLV4 Retreats for other grcNJPS induding sthool staffs. parish groups. folk group5. youth gra1 Art Psychothorapy programme on Tuesday arKI Tr5daY aftemoons and evermngs A School Chaplaincy programme. Tho Cha01nCY programme is a jc4nt InatiVe bOA the Pa$tOTal Centre, three kxal priasts and stsff members in 8¢hools. The School chaplaincy Pfogramme was initiated in De La Salle College, Belfast and then extended to three other schools. The idea is to support a small group of teactrs to act as chaplains within their own schools. The De La Salle r89idenca in Gn Road Beltsst aCComfrat0d the Cursilio Group two rmghts weekly and a St Vincont do Paul group weekly throughoLrt the year. An Art Therapy Group was s0 occasionally hosted there. The D• La Salle residen in D¢ywnpatn"(* accommodatod a St VirKent de Paul group throughoul the year. All faGiltlies provirjed by both resid¢nces pded (ree of thwge.
THE INSTITUTE OF THE BROTHERS OF THE CHRISTIAN SCHOOLS (IN NORTHERN IRELAND) LIMITED DIRECTORS. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The thrn• post-prwnary s¢hoc48 ¥1 DoWatrK.' De La Salle Hyh School. St Patridt's GrMar SctK>oI, arKI St Mary's High School have teen sw)ported to establish a partnership in N¥t)ich they worked together to create model of CeducatiOnal 11-19 prowsion for trse Downpatnck area. Since January 2023 this work has Intenfied. The De La Salle Tfustees arKI Dictesan response lo the Department of Education poli0S and Governmgnt requiramant for Ar•&bas¢d Planning is an all abiltty c1ucatiOnal 11-19 school. This new school is deSnated voluntary Grammar schod offering pathways to a ojrriojlum academi¢ and vocational choices. This one ¥chod model will mMIse and ensure the accessikn.lity of tsgh qualty V levd Lasallian Cathdic education in Downpatrick into the future. Trustees have successfvmy ensured the appointment of highty competent and widely respected members of the community as ind•p8ndont Memb on tho Intorwn Board of Govwnors (IBOGI of the proposed new school. The process has teen evolutionary.. Principals, Boards of Govemments and Trustees have been working on this since 2012.The inaugural meeb.ng of the Intrn Board of Gov8mors Mgetsng of the New School In DownpatrKk took place on 1W January 2023. 0r the ¢our5e of the subsequent monthty m•eting$ of th& 18OG, an imPmentall0n plan was agreed to ensure lh• Suc$sft and ts.mety fvlfiknent of the various steps and actions required lo ensure the opening of the new school by Septembgf 2024. During this peris)J, rt was agreed, following consultation with representalive groups of students, parents and staff from thg three Schools in¥ofved, that the name of the new school would be LeCa Trinty Grammar School. This new educational instrtution will build on the Icffjg ostablished and great educalional tradibon of the Mercy armd De La Sab Congregations. HIA Inqry The Institut• of the Brothets of the Christian Schools (in Northem Ireland) knmited haNE been involved with the Hisloricd Institirtion Abuse irquiry IHIAI Sin 2012 and supplied HIA fjth all its needs in relation to legd matters. In 2014 and in 2015 mernber5 of the Ccfflpany attoTrJed the HIA Inquiry, made statements and gavg oral evidence to it. Following th• publi¢atron of the HIA report in 2017 the mwnbers of th8 Company ntinUed lo support the redress board set up by th• HI MembeT5 of the Comparry tO9elhw with member5 of other CongregationslCompanie$ [Tl wilh the First Minister the Deputy First Minister to dis¢u$$ the question of r8dros5. Member5 of th• Company had a private meeting with an independent facilitatry to diSsS the quests.on of a vduntary contrTrbub"on to the redress scheme At th8 time of appro¥ing tt8e financial staternents. vc4untary ContritrtiOns to the redr•ss sthemes hav8 not yet been finalised and no •stimat• of fulure nbub.0ns. if any, ha been induded in Ihe finano81 ststements tor the year ended 31st December 2023. publiCd contributs.on to tr* Redress Scheme was made by the De La Sall8 Order in the Republic of Ireland. HNANCIAL REVIEW During 2023. the total income amounl&d to £248.266 {2022.. £299.803) which is math up of brothers. donated pensions. community InMe and bank Intet. Expenditure amounted to £457.97512022." £230.693). Legal costs 1£195,61518 comrnunty stipends {£136.4tXll were the largest expenditure item$ in 2023. 148t expendrture for th• year amounted to £209,709 {2022'. net iiKcrfno of £69.110). Reservgs Poky Resems are needed to relain surpluses which are not distribLrted or $p•nt $htytty after an accounting yew ond but rather retained lo afiow for any furiher reductions in incom8 or unanlb¢ip8ted expendibjre not provided for in annual budgets. The Charity CommK%sion reqre5 that Directors recognise tre reserves Issue, asses5 the needs of the enlrty, seek to reach an appropriate levd wrthin a reasonable tsmescale and port their reserves polb¢y in the annual rep¢)rt accompanying the finanrA statements. The actual rgseNes at 31 December 2023 wera £1,984 (2022.. £211,693).
THE INSTITUTE OF THE BROTHERS OF THE CHRISTIAN SCHOOLS (IN NORTHERN IRELAND) LIfftArrED DIRECTORS, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The policy relating to the reserves of the chaiity are reviewed annualty by the Directors. The Directors have revtewed the Charilies fure budgets and forecasts and are conffdent that there is sufficient fvnding available to ensure the char(ty can continue its acknvities for the foreseeable fvlure. and the financial statements can be approved as a going concem. PLAIIS FOR THE FUTURE The Direciors have no plans to change the activilies or cl)ithes of the chwity. POST BAIANCE SHEEf EVENTS There have been m significant events affeding the company since the finaniial year-end. Auditors The aLKJitors. Walsh O'Brien Hamett. {Chartered Accountants) have indKzted their willingness to continue in Offi n accordance with the provisions of 485 c< the CoMpeS Act 2LKi6. Compliance with Sector41ide Leglslation and Standwts The company engages pro-actively with legislation. slandards and codes which are developed for the sector. The Institute ofthe Brothers of the Christian Schoo15 (in Northem Ireland) Lited subscribe5 to and is compliant With the following: -The Companies Ad 2006 - The Charities SORP (FRS 102) - Chanty Comfflissionfor N)rth Ir*nd {CCNI) gjijance - The Charities Ad 2008 Political Contributions The company did not make anydisdosable pofitKal donations in the eAJrrent year. Special provisions relating to srnall Companie& The above report has been prepared in aOrdanCe with the spe(ial probfj5ions relating to small companies within Part 15 of the Companies Act 200& Disclosure of Infomiation to auditors Each of the Diredors has confirm&J that there is no infcrfmation of which they are aware which is relevant to ihe audit. but of wkmch the auditors are Unawa They have further ojnfimied that they have taken appropriate steps to identy such relevant informaticn and to eslablish that the auditors are aware of such infomation. Approved by the Board of Directcffs and si9ned on its behalf by. Br Eamonn Inning Dlrector Br James Mangan Director Dated: 22september2024
THE INSTITUTE OF THE BROTHERS OF THE CHRISTIAN SCHOOLS (IN NORTHERN IRELAND) LIMITED STATEMENT OF DIRECTORS, RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2023 The directors are responsible for preparing the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected lo prepare the financial slatements in accordance wtth United Kingdom Generally Accepled Accounting Practice {United Kingdom Accounting Standards and applicable lawl including FRS102 'The Financial Reporting Standard applicable in Ihe UK and Republic of Ireland" Under company law the directors must nol approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the net income or expenditure ofthe company for that period. In preparing these financial statements. the directors are required to= select suitable accounting policies and appty them consislenlly- observe the methods and principles in the Charities SORP make judgements and eslimates thal are reasonable and prudent., slate whelher Ihe financial statements have been prepad in accordance with the relevant financial reporting framework, identify those standards. and note the effect and the reasons for any material departure from those standards., and prepare the financial statements on the going cOnM basis unless it is inappropriate to presume that the company will continue in operation. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's Iransactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006 the Charities Act (Northern Ireland) 2008. They are also responsible for safeguarding the assets of the company and hence for taking reasonable sleps for the prevention and detection of fraud and other irregularities. In so far as the directors are aware.. there is no relevant audit information {inforTftation needed by the company'5 auditor in connection with preparing the auditorfs report) of which the company's auditor is unaware, and the directors have laken all Ihe steps that they ought to have laken as direclors in order to make themselves aware of any relevant audit infornation and to establish that the company's auditor is aware of that information. Approved by the Board of Directors and signed on its behalf: Br Eamonn Manning Director Br James Mangan Director Dated: 22 September 2024
THE INSTITUTE OF THE BROTHERS OF THE CHRISTIAN SCHOOLS (IN NORTHERN IRELAND) LIMITED INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE INSTITUTE OF THE BROTHERS OF THE CHRISTIAN SCHOOLS (IN NORTHERN IRELAND) LIMITED Opinion We have audited the financial slatements of The Instttute of the Brothers of the Christian Schools {in Norlhem Ireland) Limited {the 'Company'l for the year ended 31 December 2023 which comprise the statement of financial activilies, the balance sheet, the slatement of cash flows and the notes to the financial stalemenls, including significant accounting policies. The financial reporting framework that ha5 been applied in their preparation is applicable law and United Kingdom Accounting Standards. including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Iland and Accounling and Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS 102. In our opinion, the financial statemenls- give a true and tsir view of the stale of the charitable company's affairs as at 31 December 2023 and of its incoming resources and application of reSoUrs, for the year then ended., have have been properly prepared in accordan with Financial Reporting Standard 102 'The Financial Reporting Slandard applicable in the UK and Republic of Ireland" and in accordance with the Slatement of Recommended Practice "Accounting and Reporting by Charities. and have been prepared in accordan with the requirements of the Companies Act 2006 and Charities Act (Northern Ireland) 2008. Basis for opinion We conducted our audit in accordance with Intemational Standards on Auditing {UKI (ISAS {UKI} and applicable law. Our responsibilities under those standards are further described in the Auditorfs SponSibl11t1eS for the audit of the financial statements sedion of our report. We are independent of the Company in accordance with the ethical requirements that are relevanl to our audit of Ihe financial statements in UK. including the Elhical Slandard for Auditors issued by the Financial Reporting Council {FRC). and the provisions available for small entities, in the circumstances set out in note 3 to Ihe financial statements, and we have fulfilled our other ethical responsibilities in accordan with these requirements. We believe that the audtl evidence we have oblained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial slatements. we have concluded that the Directors, use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have perfomed, we have nol identified any material uncertainties relating to events or conditions that, individually or collectivety, may cast significant doubt on the Company's ability to continue as a going concem for a period of at least Iwelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the Directors with respect to going concern are described in the relevant seclions of Ihis report. Other information The other information comprises the information included in the annual report other than the financial statements and our audilor's report thereon. The Directors are responsible for the other infomation contained within Ihe annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other infomiation and, in doing so, consider whether the other infomiation is malerially inconsislent with the financial stalements or our knowledge obtained in the course of the audit, or otherwise appears to be materialty misstated. If we identify such material inconsistencies or apparent malerial misslatements, we are qUired to detemine whether Ihis gives rise to a material misstatemenl in the financial statements themselves. If. based on the work we have perfomied, we conclude that there is a material misstatement of this other infomation, we are required to report that fact. We have nothing to report in this regard.
THE INSTITUTE OF THE BROTHERS OF THE CHRISTIAN SCHOOLS (IN NORTHERN IRELAND) LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF THE INSTITUTE OF THE BROTHERS OF THE CHRISTIAN SCHOOLS (IN NORTHERN IRELAND) LIMITED Opinion on the Other Matters Prescribed by the Companies Act 2006 Based solely on Ihe worf( undertaken in Ihe course of the audil, we report that= in our opinion, the information given in the Directors. Report is consistent with the financial ststements,. and in our opinion. the Directors, Report has been prepared in accordance wlth applicable legal requirements. We have obtained all the information and explanations which we consider necessary for the purposes of our audit. In our opinion the accounting records of the Company were sufficient lo pemiit Ihe financial ststements to be readily and properly audited, and Ihe financial slatemenls are in agreement with Ihe accounting records. Matters on which we are required to report by exception Based on the knowledge and understanding of the Company and its environment obtained in the course of the audil, we have not idenlified any material misstatements in the Directors. Annual Report. the information given in the financial statements is inconsistent in any material respect with the Directors, report., or sufficient accounting records have not been kept., or the financial statements are not in agreement with the accounting records,. or we have not received all the information and explanations we require for our audit. Responsibilities of Directors As explained more fully in Ihe stalement of Directors, responsibilities. the Directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such inlernal control as the Directors detemiine is necessary to enable the preparation of financial stalemenls thal are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concem and using the going concem basis of accounting unless the Directors either inlend to liquidate the chariiable company or to cease operatr'ons. or have no realistic altemative but to do so. Auditor's responsibilities for the audit of the financial statements We have been appointed as auditor under section 65{2) of the Charities Acl (Northem Ireland} 2008 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assuran about whether the financial statements as a whole are free from material misstatement. whether due to fraud or error. and to issue an auditorfs report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audil conducled in accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial stalements. Irregularilies, including fraud, are instances of non-complian wtlh laws and regulations. We design procedures in line with our responsibilities. outlined above. to detect material misstatements in respect of irregularities, including fraud. The extenl to which our procedures are capable of detecling irregularities, including fraud, is delailed below. Extent to which the audit was considered capable of detecling irregularities. including fraud Irregularilies. including fraud, are inslances of noncompliance wtlh laws and regulalions. We identified and assessed the risks of material misstatement of the financial statements from irregularities, whether due to fraud or error, and discussed Ihese belween our audit team members. We Ihen designed and perfomed audit procedures responsive to those risks, including obtaining audit evidence sufficient and appropriate to provide a basis for our opinion.
THE INSTITUTE OF THE BROTHERS OF THE CHRISTIAN SCHOOLS (IN NORTHERN IRELAND) LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE MEMBERS OF THE INSTITUTE OF THE BROTHERS OF THE CHRISTIAN SCHOOLS (IN NORTHERN IRELAND) LIMITED We obtained an understanding of the legal and regulatory frameworks within which the charity operates, focusing on those laws and regulalions Ihal have a direct effect on the delemination of material amounts and disclosures in the financial statements. We assessed the required compliance with these laws and regulations as part of our audit procedures on the relaled financial statement items. In addition. we considered provisions of olher laws and regulations that do not have a direct effect on the financial stalemenls but compliance with which might be fundamental to the charity's ability to operate or to avoid a material penalty. We also considered the opportunities and incentives that may exist within the charity for fraud. Auditing standards limil Ihe required audit procedures to identty non-compliance with these laws and regulations to enquiry of the directors and olher management and inspection of gUlatOry and legal correspondence, if any. We identified the greatest risk of material impact on the financial statements from irregularities, induding fraud, to be wilhin the timing and completeness of recognition of granl and conlracl income and major donations and the override of controls by management. Our audit ProdureS to respond to these risks included enquiries of management and the Audit Committee about their own identification and assessment of the risks of irregularities, testing of a sample of Iransaclions against Ihe lems of the funding agreemenls and the requirement of the Charities SORP {FRS1021, sample testing on the posting of journals. reviewing accounting estimates for biases and reading minules of meetings of those charged wilh g0veman. Owing to the inherent limitations of an audit, there is an unavoidable risk that we may nol have delecled some material misstatements in the financial statements, even though we have propedy planned and performed our audit in accordance with auditing standards. In addition. as with any audrt, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery. intentional omissions. misrepresentalions, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non- compliance with all laws and regulations. A further description of our responsibilities is available on the Finanual Reporting Council's website at.. https.'Il www.frc.org.uklaudilorsresponsibiif(ies. This description foms part of our audilorfs report. Joseph O'Brien (Senior Ststutory Auditor) for and on behalf of Walsh O'Brien Hamett Chartered Accountants and Slatutory Audit Fimi 104 Lower Baggot Street Dublin 2 22 September 2024 10-
THE INSTITUTE OF THE BROTHERS OF THE CHRISTIAN SCHOOLS (IN NORTHERN IRELAND) LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted Unrestricted funds funds 2023 2022 Notes Incorne Donalions and legacies Charitable activites Bank interesl 197,219 45,790 5,257 227,063 71,801 939 Tolal income 248,266 299,803 Ex enditure Charitable expenditure 457,975 230,693 Net movement in funds (209,709) 69,110 Fund balances at 1 January 2023 211,693 142,583 Fund balances at 31 December 2023 1,984 211,693 The slatement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements ft)r an income and expenditure account under the Companies Act 2006. 11
THE INSTITUTE OF THE BROTHERS OF THE CHRISTIAN SCHOOLS (IN NORTHERN IRELAND) LIMITED BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Notes Fixed assets Tangible assets 12 4.723 11,744 Current assets Debtors Cash at bank and in hand 13 5,257 212.060 375.005 217.317 375,005 Creditors: amounts falling due within one year 14 (220.056) (175.056} Net current {liabiltties)lassets (2.739) 199,949 Total assets less current liabilities 1,984 211,693 Funds General funds 15 1,984 211,693 1,984 211,693 These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the Directors on 22 September 2024 Br Eamonn Manning Director Br James Mangan Director 12-
THE INSTITUTE OF THE BROTHERS OF THE CHRISTIAN SCHOOLS (IN NORTHERN IRELAND) LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 DECEMBER 2023 2023 2022 Notes Cash from operating activities Cash absorbed by operations 20 (162.945) (11,815) Investing activities Investment income received 939 Net cash {used in}Igenerated from investing activities 939 Net cash used in financing activities Net decrease in cash and cash equivalents (162,945) {10,876) Cash and cash equivalents at beginning of year 375,005 385,881 Cash and cash equivalents at end of year 212,060 375,005 13-
THE INSTITUTE OF THE BROTHERS OF THE CHRISTIAN SCHOOLS (IN NORTHERN IRELAND) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 General inforniation The Institute of the Brothers of the Christian Schools (in Northem Ireland) Limited is a company limited by guarantee incorporated in Northem Ireland. The registered office is De La Salle Residence, Glanaulin, 141 Glen Road, Belfast, BT11 8BP, Northem Ireland. The nature of the Company s operations and ils principal activities are set out in the Directors. Report. Accounting policies The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the Company's finanoal statements. 2.1 Accounting convention The financial statements have been prepad in accordance wtth the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practi applicable to chartties preparing their accounts in accordance with the Finanual Reporting Slandard applicable in the UK and Republic of Ireland IFRS 102) (effective 1 January 2019)" The Company is a Public Benefit Entity as defined by FRS 102. The financial stalemenls a prepared in Pound sterling (£), which is the functional currency of the Company. Monetary amounts in these financial statements are rounded to the nearest £. 2.2 Going concern At the lime of approving the financial statements. the Direclors have a reasonable expeclation Ihat the Company has adequate reSoUrS to continue in operational existen for the foreseeable future. Thus the Directors continue to adopt the going concem basis of accounting in preparing the financial statements. 2.3 Charitable funds Unreslricled funds represent funds which are expendable at the discretion of the Company in the furtherance of the objects of the Company. Such funds may be held in order to finan both working capital and capital investment. 2.4 Income Income is recognised when the Charity is legalty entitled to it after any perfomiance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Donations, including salaries and pensions of individual brothers are recognised when the District has entitlement to the income, the amount can be reliably measured and it is probable that the income will be received. In the evenl Ihat a donation is subject lo condtlions that qUIre a level of performance before the Charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fuifilmenl of those conditions is wholly within the control of the Charity and it is probable that those conditions will be fulfilled in the reporting period. Cash donations collected are recognised as income when the Charity gains control, and the amount can be reliabty measured. Income from the charitable activities is recognised to the extent that tl is probable that the economic benefits will flow to the Charity and the revenue can be reliably measured. It is measured at fair value of the consideration received or receivable. including any relevant value added lax. Inveslment Income from financial assets and interest on funds held on deposit are included when receivable and the amount can be rneasured reliabty by the Charity. 14-
THE INSTITUTE OF THE BROTHERS OF THE CHRISTIAN SCHOOLS (IN NORTHERN IRELAND) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies (Continued) 2.5 Expenditure Expenditure is included in the Statement of Finanal Activities on an accruals basis and includes an attributable VAT which cannot be recovered. Expenditure comprises the following= al Charitable expenditure comprises expenditure on the Company's primary charitable purposes. bl Governance cosls comprise the costs directly attribulable to the organisational procedures and the neSSary legal procedures for Complian with statutory requirements. 2.6 Tangible fixed assets Tangible fixed assets are initialty measured at cost and subsequently measured at cost or valuation, net of depreaation and any impairment losses. Deprecialion is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Motor vehicles 25Yo Straight line The gain or loss arising on the disposal of an asset is detemiined as the difference beeen the sale proceeds and the carrying value of the asset, and is recognised in net incomel(expenditure) for the year. 2.7 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original matUTities of three months or less. and bank overdrafts. Bank overdrafls are shown within borrowings in cuent liabilities. 2.8 Basic financial assets Basic financial assets, which indude debtors and cash and bank balans, are initialty measured at transaction price including transaction costs and are subsequentty carried at amortised cost using the effective interest method unless the arrangement constilutes a financing transaction, where the transaction is measured al Ihe present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. 2.9 Basic financial liabilities Basic financial liabilrties, including credf(ors and bank loans are initially recognised al Iransaclion price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilfiies classified as payable within one year are not amortised. Debt inslruments are subsequentty carried at amortised cost, using the effective interesl rate method. Trade creditors are obligations to pay ft)r goods or servi$ that have been acquired in the ordinary course of operalions from suppliers. Amounls payable are classtfied as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequenlty measured al amortised cost using the effective interest melhod. 2.10 Taxation The Institute of the Brothers of Christian Schools (in Northem Ireland) Limited is not subject to tax as it has charitable exemption (Charity Number 101722). 15-
THE INSTITUTE OF THE BROTHERS OF THE CHRISTIAN SCHOOLS (IN NORTHERN IRELAND) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policies (Continued) 2.11 Provisions Provisions for liabilities made in the financial statements are shown within current liabilities where the consideration expected to be paid can be reliably measured. 2.12 Foreign exchange Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the balance sheet date. Transactions, during the year. which are denominated in foreign currencies are translaled al Ihe rates of exchange ruling at the date of the transaction. The resulting exchange differences are dealt wth in the Statement of Financial Activities. Provisions available for audits of small entities In common with many other charitable companies of our size and nature. we use our auditors to assist with the preparation of the financial statements. Critical accounting estimates and judgements In the application of the Company's accounting policies, the Directors are required to Tnake judgements, estimates and assumplions about the carrying amount of assets and liabilities that are not readily apparent from olher sources. The estimates and associated assumptions are based on historical experience and olher factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and undertying assumptions are reviewed on an ongoing basis. Revisions to accounting eslimates are CogniSed in the period in which the estimate is revised where the revision affects only thal period, or in the period of the revision and future periods where the revision affects both currenl and fulure periods. Key sources of estimation uncertainty Useful economic life of tangible assets The annual depreciation on tangible fixed assets is sensitive to changes in the estimate useful economic lives and residual values ofthe assets. These estimates are reviewed annualty and amended when necessary. The Directors do not consider Ihal there are any key assumptions conceming the future. or any other key sources of estimation uncertainty. that have significant risk of causing a material adjustment to the carying amounts of assets and liabilities within the nexl reporting period. Income from donations and legacies Unrestricted Unrestricted funds fvnds 2023 2022 Donations of Brothers, Pensions 197,219 227,063 16-
THE INSTITUTE OF THE BROTHERS OF THE CHRISTIAN SCHOOLS (IN NORTHERN IRELAND) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Income from charitable activities Unrestricted Unrestricted funds funds 2023 2022 Community income 45,790 71,801 Income from investments Unrestricted Unrestricted funds funds 2023 2022 Bank inlerest 5,257 939 Expenditure on charitable activities Support of the Support of the Brothers and Brothers and their Ministries their Ministries 2023 2022 Depreciation Direct costs 7,021 441,322 7,021 214,746 448,343 221,767 Share of g0Veman costs (see note 9) 9,632 8,926 457,975 230,693 17-
THE INSTITUTE OF THE BROTHERS OF THE CHRISTIAN SCHOOLS (IN NORTHERN IRELAND) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Support and governance costs Support Govemance costs costs Support Govemance costs costs 2023 2022 Audtt fees 9.632 9.632 8,926 8,926 9.632 9.632 8,926 8,926 Analysed between Charitable activities 9.632 9.632 8,926 8,926 Support and governance costs are allocated to charitable activities on actual basis. Support and governan costs indudes payments to the auditors of £9,632 12022 £8,926) for audit and advisory services. 10 Net movement in funds 2023 2022 Net movement in funds is stated after chargingl(crediting) Depreciation of owned langible fixed assets 7,021 7,021 11 Directors l Directors. are members of the Insif(ute of the Brothers of the Christian Schools (in Northern Ireland) Limited. The Directors consider that they alone comprise the key management of the Company. As members of the District, the direclors, living and personal expenses are borne by the Company bul they receive no remuneration or reimbursement of expenses in connection with their duties as Directors {2022= none). 18-
THE INSTITUTE OF THE BROTHERS OF THE CHRISTIAN SCHOOLS (IN NORTHERN IRELAND) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 12 Tangible fixed assets Motor v?hicles Cost At 1 January 2023 45,085 At 31 December 2023 45,085 Depreciation Al 1 January 2023 Depreciation charged in the year 33,341 7,021 At 31 December 2023 40,362 Carrying amount At 31 December 2023 4,723 At 31 December 2022 11,744 The Company holds tille to the following propety- These propety are held in trust for Ihe De La Salle Brothers Ireland and are not part of the assets ofthe company. Glenaulin, 141 Glen Road, Bewast - 4 Stream Street, Downpalrick The Company also acts as Trustee for the properties comprising of St. Patrick's Grammar School, Downpatrick, and De La Salle High School. Downpatrick. All properties are held in accordance with the regulations of the Department of Education in Northem Ireland and are not part of the assets of the company. 13 Debtors 2023 2022 Amounts falling due within one year: Prepayments and accrued income 5,257 14 Creditors: amounts falling due within one year 2023 2022 Other creditors Accruals and deferred income 215,000 5,056 170,000 5,056 220,056 175,056 19-
THE INSTITUTE OF THE BROTHERS OF THE CHRISTIAN SCHOOLS (IN NORTHERN IRELAND) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 15 Unrestricted funds The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specffic purposes: Balane• al 1 January 2023 Ineomè Exp•ndiiu Balane• at 31 Dae•mb•r 2023 General fund 211,693 248,266 (457,975) 1,984 211,693 248,266 (457,975) 1.984 16 Related party transactions The Institute of the Brothers of the Christian Schools lin Northem Ireland) Limited and the De La Salle Brothers- Ireland are related due to commonality of Directors l Trustees. The Institute of the Brothers of the Christian Schools (in Northem Ireland) Limited received income from donalions of salaries and pensions from the De La Salle Brolhers in Northern Ireland amounling lo £197,219 during the year {2022'. £227,063). They also reiVed additional support of £43,524. The Inslilute of the Brothers of the Christian Schools (in Northem Ireland) Limited provided a total of £203,400 of financial support to De La Salle - Communities and Pastoral Centres in Northern Ireland 12022.. £202,400) The Institute of the Brothers of the Christian Schools (in Northem Ireland) Limited acts as trustee for properties of the De La Salle Congregation in Northem Ireland as outlined in note 12 to the financial slatemenls. 17 Status The Company is limited by guarantee not having a share capital. The Company's registered number is N1054357. The liabilty of the members is limited. Every member of the Company undertakes to contribute to the assets of the Company in the event of its being wound up while they are members, or within one year thereafter, for the payment of the debls and liabilities of the Company contracted before they aSed to be members. and the costs, charges and expenses ofwinding up, and for the adjustment of the rights of the contributors among themselves, such amount as may be required, not exceeding £1. 18 Post Balance Sheet events There have been no significant events affecting Ihe Company since the financial year end. -20-
THE INSTITUTE OF THE BROTHERS OF THE CHRISTIAN SCHOOLS (IN NORTHERN IRELAND) LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 19 Contingent liability The Institute of the Brothers of the Christian Schools (ln Northem Ireland) Limited is currently incurring legal and other costs relating to a statutory inquiry into the alleged historical abuse of children in Northern Ireland. The Historical Institutional Abuse Inquiry in Northem Ireland reported in January 2017 and a redress scheme was established. in March 2020. The Institute of Ihe Brothers of the Christian Schools (In Northem Ireland) Limited expects to incur further legal and other costs in relalion to the inquiry. however it is not possible at the present time lo provide a reliable estimate of these future costs. Voluntary contributions to the redress schemes. rf any, have not yet been agreed and it is therefore not possible at the present to provide an estimate of any future contributions. 20 Cash generated from operations 2023 2022 (Deficit)Isurpus for the year (209.709) 69,110 Adjustments for.. Investment income recognised in statement of fiTranal activities Deprecialion and impaimient of tangible fixed assets 15,257) 7,021 (939) 7,021 Movements in working capital= Ilncrease}Idecrease in debtors Increasel(decreasel in creditors 45,000 {87,010) Cash absorbed by operations (162,945) (11,815) 21