Charfty numbér: NIC 1022361Charity Commission for Northern Ireland)
CONGREGATION OF CHRISTIAN BROTHERS IN NORTHERN IRELAND
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

CONGREGATION OF CHRISTIAN BROTHERS IN NORTHERN IRELAND
CONTENTS
Page
Reference and Administrative Detsils
Trustees. Report
2-19
Trustees. Respon$ibiliti•s Statement
20
Independent Auditor's Report on th• Financial Statements
21-26
statément of Financial Activities
27
Balance Sheet
28
Statement of Cash Flows
29
Notes to the Financlal Statements
30-44

CONGREGATION OF CHRISTIAN BROTHERS IN NORTHERN IRELAND
REFERENCE AND ADMINISTRATIVE DETAILS
Trustees
Br E Garvey (resigned 1 July 2022)
Br DO Young
Br T Gough (resigned 1 July 2022)
Br B Monaghan
Br C Glavey
Br D Gibson (appointed 1 July 2022)
Br R Maynes (appointed 1 July 2022)
Charty registered
number
NIC 102236 (Charity Commission for Northern Ireland)
Princlpal Address
Westcourt Centre
8-30 Barrack Street
Belfast
BT12 4AH
Main Portfolio Managers Cantor Fitzgerald Ireland Ltd.
Financial Advisors
L&P Trustee Service Limited
75 St Stephens Green
Dublin 2
Independent auditor
RBK Business Advisers
Chartered Accountants and Statutory Audit Fimi
Termini
3 Arkle Road
Sandyford
Dublin
Ireland
Bankers
Bank of Ireland
12 Trevor Hill
Newry
Co Down
Solicitors
Napier & Sons
1-9 Castle Arcade
High Street
Belfast
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CONGREGATION OF CHRISTIAN BROTHERS IN NORTHERN IRELAND
TRUSTEES. REPORT
FOR THE PERIOD ENDED 31 DECEMBER 2022
The Trustees submit their report and financial statements for the 16 month period ended 31 December 2022.
INTRODUCTION
The Congregation of Christian Brothers is an intemational Roman Catholic Religious Congregation, founded in
Waterford, Ireland in 1802 by Blessed Edmund RI￿ and Sin￿ then has been engaged in religious and other
charitable work in Ireland and across the world. The Congregation is now organised into five Provinces across the
world- Africa, America, Europe, India and Oceania.
The accounts accompanying this report are for the Congregation of Christian Brothers Northern Ireland. This 15 a
charitable trust through which the assets of the Congregation in Northem Ireland are held and finances operate.
PUBLIC BENEFrr
When setting the objectives and planning the work of the charity for the period. the Trustees have complied with the
duty to have regard to the guidance issued by the Charity Commission for Northem Ireland under section 4(b) of
the Charities Act (the public benefit requirement statutory guidance).
OBJECTS, AIM AND OBJECTIVES
Charltsble Objects
As stated 8bove under Mission, the activities of the charity can be divided into seven main areas..
Formal Mainstream Education
Non Mainstr8am Education
Social and pastoral work
International missionary work
Faith Development
Peace and Reconciliation
Positive Impact Investing
Care and Welfare of members
Each of these is Gonsidered in tum below-
Fornial Mainstream Educalion
Historically, the principal minislry of the charity was in primary and post-primary schools.
For a number of years, consideration was given by the then Trustees to the establishment of a new structure to
take over the trusteeship of the primary and post-primary schools as the capacity of the Christian Brothers to
continue as Trustees diminished. Following comprehensive consideration of this matter and significant pr8paratory
worf(, the Trustees agreed to transfer the trusteeship of all of Ihe primary and post-primary schools to a new entity.
the Edmund Rice Schools Trust Northern Ireland Ltd (ERSTNI> in February 2009. The Company is not controlled or
administered by the Christian Brothers. In addition. it was deemed necessary to transfer the mainstream school
properties to Edmund Rice Schools Trust (Northern Ireland) to allow it fulfil its objects. The value attributed to these
properties was £48m. ERSTNI is a registered charity in Northem Ireland.
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From February 2009, the Trust's activities in relation to Fomial Mainstream Education involve the support of the
work of ERSTNI and in thal it has, whilst always acknowtedging the independence of that Trust, specrfically
provided funding for ERSTNI including the provision and cost of refurbishing their Offi￿ at Ba￿ack Street. the cost
of the employment of their Education Officer {Executive Officer) and the officer's support staff. The Education
otficer is charged with the promotion and development of the ethos of ERSTNI in the schools and this includes
Faith Development, Charter Implementation. Edmund Rice Awards. Developing Wodd Immersion Programmes.
Stsff Induction, Edmund Rice Education Beyond Borders (including local and global networking), Safeguarding
Children and Pastoral Care. ERSTNI is the Senior Responsible Owner of the school properties and is responsible
for any change in the status of a school and for any capital works on any of the properties. The Company Members
and Directors {Trustees} of Edmund Rice Schools Trust (Nl) are actively involved in all endeavours and works of
the Trust on a voluntsry basis.
The Trustees regularly receive a written report from the CEO of ERSTNI at every Trustee meeting which
encompasses such topics as ethos, school reports, recent and upcoming events, initlatives. amalgamations, capital
works etc.
The Trustees have promded ongoing support to ERSTNI. This support is one of the charitys main activities under
the heading of Fomial Education. In addition the charity has an active role in supporting the ethos of ERSTNI.
being education in the tradition of Blessed Edmund Rice and the delivery of the same as articulated in the Charter
of the Edmund Rice Schools Trust.
ERSTNI Actlvities during tho Financlal Perfod
The following is an extract from the ERSTNI Annual Report 2022:
In collaboration with Westcourt, the Belfast based Edmund RI￿ Social Justice Centre of the Christian
Brothers. a number cf our schools have been involved in a range of activities, mainly focusing on
homelessness, advocacy, social justice and the environment. This work has been Somewhat restricted this
year. However, a number of schools participated in such activities by intemet or outdoors. A number of our
school staff completed ASIST Suicide Intervention Training.
The Designated Person assigned to the role of oversight of Child Safeguarding Procedures and Pastoral
ca￿ has maintained regular contact with the key personnel in all schools. Trustees have been
continuously updated with regard to welfare and other issue5 arising from the ongoing Covid situation.
Reports to Trustee meetings have indicated that the relevant policies and procedures are in place in each
school and are being implemented appropriately. The responsibility for Safeguarding Policies and
implementation lies with the Board of Govemors, Principal and Staff in each school. Schools are
encouraged to take advantage of shared good practice within other Edmund Rice schools to review and
update existing policies. The process of reviewing the Trust's Safeguarding Policy is now complete.
School activities, including Immersion Programme and Edmund Rice Summer School, had to be
cancelled this year due to the pandemic. Hopefully. these activities can be reinvigorated in the coming
year.
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Liaison has been maintained with the Edmund Rice Ne￿rk Core Team of the Christian Brothers,
European Province. The Trust remains actively involved in the global networking initiative Edmund Rice
Education Beyond Borders (EREBB) and. through the participation of trustees and school representatives.
have built up contacts and relationships worldwide. The Trust invited teachers to enrol for an online EREBB
Leadership Course. Eight teachers registered and this is funded by the Trust. In collaboration with the
Edmund Rice Schools Trust (Rol). the Westcourt Centre and the Edmund Rice Education Office in
England, initiatives regarding the Immersion Programme, homelessness, advocacy and the environment
have also been greatly developed. Preliminary discussions ￿gardIng the dissemillation of training
materials on this range of issues has been initiated.
The Annual Edmund Rice Awards event for primary and post-primary schools were not held this period due
to the constraints arising from Covid and the justifiable residual concern felt by some staff. However.
schools were encouraged to conlinue their inhouse activities associated with the event and it is anticipated
that the event will retum in the wming year.
In regard to the school-based promotion of ethos, whilst direct interactions with staff and govemors were
curtailed. the Twst finalised its guidance for Governors. This has progressed to publication stsge and will
be disseminated and discussed during the second school tem.
Non Mainstream Educatlon
The charity owns and operates th8 Westcourt Centre. ￿1¢h is committed to providing an accessible communily
facility )Jvith 8 particular focus on young people who do not attend mainstream schools. While the Westcourt Centre
places particular emphasis on youth and young adult provision, the centre offers f8cilities and services for the
whole community. irrespective of age.
The objectives of the Westcourt Centre are as follows:
To provide a centre in the Greater Belfast area dedicated to enriching the lives of the young. especially
those at greatest risk of soci81 exclusion. by offering leaming and personal development opportunities.
To encourage the young to be confident. thoughtful, articulate and interested in their own social. emotional.
intellectual, physical and spiritual development.
To develop a capacity, as personnel and resources allow, to identify and meet holistically needs of young.
people who come to the cent￿.
To create a distinctive location where 811. particularly the young, can experience a caring and vibrant
leaming environment. interact appropriately and transcend dtfferences of ability. gender, religious affiliation,
social or ethnic background or political persuasion.
Westcourt Centre Activities during the Financial Period
The following is an extract from the Westcourt Centre Annual Report 2022:
Rosemoun
House Classes..
We started weekly classes to help support men impacted by issues of homelessness, addiction and poor mental
health. These induded Photography on Tuesday aftemoons and Guitar on Friday afternoons.
Mens Shared Skills Pro.
ct..
The Mens Shared Skills Group met weekly to help combat social exclusion amongst men aged over 50. The group
work on the urban garden area. This space is also being used by pupils from the Be￿ast Hospital School who find it
very therapeutic.
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Homelessness A wareness Week 2021..
We had a week of activities as part of our commitment to Homelessness Awareness Week. And a number of
different schools and ministries from across the Edmund Rice European province joined us in advocating for social
justice.
December 61h 2021: Stormont laLtnch event switched to online
pupils from 3 Edmund Rice Prim8ry Schools &
Belfast Hospital School presented to the All Party Group on Homelessness and asked questions directly to the
Minister for Communitie5
December P 2021". Belfast City Hall Photographic Exhibition & Panel Discussion. Numbers were limited to 20
participants. 10 pupi15 and staff from Edmund RiGe College took part in the event. Speakers included Homeless
Connect Policy Officer, Belfast City Councillor and young people from Nl Youth Forum. Focus was on
homelessness awareness and prevention and giving young people a voice. The Lord Mayor attended and
welcomed the group.
December 10th 2021: John-Paul11 Primary 7 class sit out (rolling 20 minute sessions throughout the day)
I HELf TklE
,HONELES5 .
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safeTALK Trainin Worksho
December 9th 2021: Delivered safeTALK suicide alertness training to 10 participants. First workshop since the
Pandemic and first time delivering the training by myself. Very positive feedback.
ASIST SuiGide Intervention Trainin
We delivered a two days accredited training workshop on suicide intervention skills for teachers and staff from
Edmund Rice schools on February 1 & 2. Teachers from St. Mary's, Edmund Rice College, The Abbey and Amiagh
PS took part.
Homelessness Advocac
In March 2022, we produced a new photographic project for Partiament Buildings, Stormont to highlight
Homelessness. The venue was sponsored by the All Party Group on Homelessness and the exhibition was opened
by the CEO of Homeless Connect- the umbrella org8nisation of homeless seNi¢es in Northem Ireland.
On March 17th. 1 delivered a video statement on Homelessness to the Special Rapporteur on Housing at the UN
Human Rights Council in Geneva.
St. Jose
's Colle
e Stoke Immersion Visit
In June we hosted a group of staff and senior students from St Joseph's College in Stoke on an immersion
experien￿ in Belfast so that they could learn about how people are impacted by issues of poverty and social
injustice.
In between a double shift at the P80ple's Kitchen (food bank, outreach and drop-in serwce5). they visited the
Needle Exchange and Rosemount House.
The group also Msited Derry to meet the Children in Crossfire organisation and rounded off on their time hereby
signing the Peace Wall.
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F8118 2022
In August our latest Photo exhibition on homelessness was displayed in St Mary's University in Belfast. This YRS
part of the 'Féile an Phobail,, Ireland'slargest communily arts festival and was officially opened by the Lord Mayor.
ment at Ihe United Nations
I was privileged to be select8d to participate in the UPR Info Pre-sessions which took place at the United Nations in
Geneva from Monday 29 August to Wednesday 31 August 2022. Pre-sessions are meetings organised one month
before the sessions of the UPR Working Group to discuss the human rights situation in the fvlure States under
Review.
I was invited to speak on behalf of the Westcourt Centre during the pre-session on the UK on Monday 29th.
I was one of a panel of eight speakers representing national human rights institutions, NGOS and civil society
organisations.
The session ran for one hour and I was given 5 minutes to deliver a statement on Homelessness (and the right to
housing) in Northem Ireland and how the situation has progressed since the previous UPR Cycle in 2017.
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I produced a Powerpoint presentation which ran at the same tim8 as my speech to provide the audience
with visual slides of the key points. l also brought written copies of the statement and a factsheet on
homelessness to distribute to those present in the room.
My ststement highlighted that Northern Ireland is in the midst of a housing and homelessness Grisis. We
have an acute shortage of affordable social housing: we're seeing an increasing waiting list for social
housing. more people in rent arrears; greater demand for temporary accommodation,, a shift in the
largest category of those presenting as homeless from single people to families. almost 7,000 children
registered as homeless, and the 15 deaths of young homeless people between June and July 2022.
I recommended that the UK govemment addresses the issue by ensuring the inclusion of a standalone
housing and homelessness outcome in the Programme for Government for the Nl Executive in tandem
with increasing the supply of safe, secure and affordable housing lo meet the current need.
After the event, our written statement. powerpoint presentation and factsheel were uploaded onto the UPR Info
W￿b$Ite.
Schools Pro
amme
On October 6th l attended the Edmund Rice Schools Trust principal's conference to discuss ways in which
Westcourt we can support the Edmund Rice Schools in Amiagh. Belfast. Newry, Glengormley and Omagh on
programmes and activities around homelessness, advoGaGy. social juslice and suicide awareness.
All Part Gmu
On Hom818ssness
In November we attended the All Party Group on Homelessness at the Assembly in Stormont. The group heard
from officials in the Department for Communities on the Interdepartmental Homelessness Action Plan (IDHAP) and
had the opportunity to question how the Nl Executiv8 and the Housing Executive are trying to respond to
homelessness.
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Homelessness A w8￿neSS Week 2022
To mark the start of Homelessness Awareness Week, Primary 7 pupils from John-Paul11 visited People's Kitchen
Belfast to leam about theif drop-in, food bank and outreach services and the importance of helping those in need.
We then held a Pizza & Quiz evening at Rosemount House Limited with St. Mary's CBGS Belfast Social Justice
Advocacy Group.
l.r-fi
We h8ard powerful and moving personal testimonies from people who havelare experiencing homelessness
during our panel discussion for Homelessness Avrdreness
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Week. The speakers also included MLAS and members of the All Party Group on Homelessness. representatives
from Homeless Connect, Belfast City Council. People's Kitchen Belfast and Rosemount House Limited. The
session ended with a focus on ways that the students can use their voices to try to impact change around
Homelessness.
We rounded off the week when participant5 from the NOW Group very kindly made up 'Care & Share. bags with us
to help the homeless in Belfast. Each bag contains items of food, clothing, toiletries and a Christmas card.
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Facllltatlon of other charitable groups
From September 2021 December 2022 a wide range of groups, organisations and activities from the community.
voluntary and education sectors used the Westcourt Centre facilities. These include..
- The Link Centre (The Belfast Education Authority}- Secondary Pupil Support Service.
- The Andersonstown Traditional and Contemporary Music School - ￿1¢h is a community based music prolect that
provides opportunities for everyone to participate in music classes and associaled activities.
Belfast Hospital School TOPS Project - working with young people that are suffering from depression and other
mental health issues.
Suicide Awareness Training
- Ascert Drug & Alcohol Support Service
National Centre for Suicide Prevention Training (UK)
- Edmund Rice Schools Trust Nl
- Youth Justice Agency
Moming Stsr House (homeless male) hostel
Mens Shared Skills Group
Rosemount House hostel for men with alcohol addiction
Public Health Authority
Project Zambia
Social and pastoral work
The followng are examples of the social and pastor81 work undertaken by individual Brothers:
Working as chaplains in schools and prisons.
Spiritual direction and retreat work.
Counselling.
Adult education;
Cross Community initiatives
The aims of the Trustees in this area include-
Enabling the Brothers to carry out meaningful social and pastoral work within the community after
assessing their skills and the needs of the local area.
Encouraging and motivating the Brothers to reach out to those in need within society
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International missionary work
About 30 members of the European Province are working in Africa, India and South America. The Brothers teach
in schools and engage in other educational projects. The purpose of these schools and projects is to promote the
spiritual. moral. intellectual, cultural and social education of young people and adults who often come from
disadvantaged backgrounds. During the year, the Trust contributed over £11,000 to support members of the
European Province working in these countries.
In previous years, the Trust contributed to the establishment of Edmund Rice Bicentennial Trust. an English
registered charity whose purpose is to supporl the mission of the Congregation worldwide but especially in Ihe
rnajority (developing) world.
The aims of the Trustees in this area are to support the work of the members of the worldwide Congregation where
needs arise.
Falth Development
As a Religious Congregation. faith development is of prime importance to th8 Trustees. All aspects of the Trust's
work involve the advancement of religion whether it is in the educational, pastoral or international missionary fields.
The Trust continues to assess its work and to search for better ways of carrying out this ministry in tDdaWs world.
The work in this area is mainly carried out through the schools and the local parishes where the Brothers reside. As
noled earlier, some Brothers provide spiritual direction and retreats.
The Trustees. in conjunction wilh the European Province Leadership Team. are developing an Edmund Rice
Ne￿Ork of lay people who wish to associate themselves with the spirituality and apostolic mission.of the Brolhers.
The Ne￿rk consists of local groups of interested adults gathering for spiritual sharing and reflection and involving
themselves in fomis of social OLJtreach. Although the majority of Network partlGipants are drawn from staff and
parents in the schools, involvement is open to all who wish in some way, however informally, to connect with the
charism of Blessed Edmund Ri￿.
The aim through the Edmund Rice Network is to provide, for all interested adults, opportunities for spiritual
conversation and exploration and faith-based social action.
Young Adult Leadership Development:
The Trustees sponsor young adult leadership development through two projects:
Edmund Rice Camps
India Immersion Project
Edmund Rice C8m
Edmund Rice Camps are held in Newry and Omagh, with approx. 120 young leaders and 100 children involved.
The children come from disadvantaged backgrounds and benefrt hugely from their interaction with the leaders and
fun-filled weeks of activities - art and crafts, drama, sport, music, outings etc. Children receive healthy food during
Camp. The leaders undergo extensive training and preparation, are ACCESSNI vetted and undergo Child
Safeguarding training.
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Cam
In 2021. only the Omagh camp went ahead
In 2022 the camps resumed fully post covid. and were held in Omagh and N8wry. A total of 120 leaders and
110 children were involved,
Peace and Reconciliation
The Trust actively supports peace and reconciliation activities. In the mainstream education this is evidenced
through the various inter-community projects. In the non mainstream education, this is evidenced by the work of
the Westcourt Centre a5 Outlined above.
Positlve Impact Investing
We view our investment portfolio as part of our Mission. Alongside our active Ministries, we also seek to bring
about change through our investment portfolios. Some investments can be harmful. for example, investments in
fossil fuel companies or armaments companies supports the production of goods that can be highly damaging lo
the environment or human wellbeing. Avoiding these types of investments is an important step in ensuring that our
investment portfolio is not involved in harmful activities. But it is only the first step along the path of that can be
achieved. While avoiding harmful activities is important, we believe that it is also important to use our invesknents
to bring about positive change in the worfd. We therefore seek to investment in activities that have beneficial
impacts, for both individual wellbeing and for the environment. We assess these positive impacts under a number
of headings that we believe are important measures of how our investment5 are positively affecting the world
around us. Below are some of the positive impacts achieved by the investment portfolio:
co,
C02
co,
rciiNES
02
Em￿90Ns
RENEVIA8LE
ENERGY
FOSSIL FUEL
RESÈRIES
CARBON
SINKS
CO2 EM15S10NS
SAVED
Jops
CREATED
HELP FOR
THE GLOBIL
POOR
TONNES OF
CO. AWJIDED
SE￿&TER
cbarty'pthyts
eWL¢knI.I
The Portfolio and the Sustainable Development Goals (SDGS)
All of the investments within the Portfolio contribute towards the achievement of the Sust8inable Development
Goals (SDGS). The SDGS were developed and adopted by all member states of the United Nations to help achieve
more sustainable future for all" They represent a call to action to end poverty, protect the planet and promote
prosperity and people's wellbeing by 2030. They integrate and balance the three dimensions of sustainable
development: economic, social and environmental.
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Achieving the SDGS on a global basis requires collaboration beiween governments. the private sector. civil
society and citizens alike. The Portfolio plays a role in the realisation of the goals.
SUSTAINABLE
.,GIIALS
10
11
13
17
SUSTAINABLE
DEVELOPMEp¥r
The Sustainable Development Goals are also closely aligned with the ch8rit8ble objectwes of religious
organisations. Since the publication of Laudato Si, Pope Francis has made a strono commitment to sustainable
development. His appeal to
-every person living on this planet for an inclusive dialogue about how we are
shaping the future of our planet.. provides a firm ethical foundation for actions that need to be taken urgently at all
levels. Pope Francis, speech ahead of the United Nations General Assemblys fomal adoption of the 17 SDGS
gave further support to the ambitious and transfomiational vision of the goals.
A comprehensive Ethical and Positive Impact policy ensures the Portrolio remains consistent with our ethos. The
Portfolio currently excludes companies involved in the production of weapons, tobacco, alcohol, pornography, and
activities such as gambling and embryonic stem cell research. Environmental, Social and Govemance (ESG)
criteria complements the screening as it improves the overall ESG risk exposure cf the Portfolio. In particular.
climate risk is addressed through the exclusion of fossil fuel companies and a focu5 to reduce the carbon footprint
of the Portfolio through investment in such areas as renewable energy and forestry.
We outline below some elements of a particularly important area in today's world, that of Environmental Impact,
and how the Portfolio addresses the SDGS in Ihis regard.
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Environmental Impact
Overall Carbon Footprint
Measurement of carbon emissions is crucial to help us understand
the role our investment portfolio plays in the climate crisis, while
taking measures to address it. As the SDG logos to the left show,
limiting carbon emissions interacts with several SDGS, helping
address Climate Action in particular. Climate justice is another
aspect addressed in our portfolio, as climate change
predominantly impacts those who've done the least to contribute
to pollution and have less resources to deal with it. Therefore,
control of carbon emissions in our portfolio also has positive
implications for reducing poverty (SDG1 }. reducing inequality
(SDG10) and preserving life on land (SDG10) and in the ocean
(SDG14)
14
The Portfolio includes a number of carbon sink-type investments, which sequester or draw carbon dioxide (C02)
from the atmosphere. Forestry in particular is a very effective Garbon sink, as trees absorb carl)on dioxide as part
of their growing process.
The Portfolio in aggregate will se
uester Iwilhdraw) -277 tonnes of C02e from the atmosphere per annum while an
unscreened portfolio of the same size would
roduce 317 tonnes. We believe that these extremely strong carbon
emission statistics makes the Portfolio part of the solution to climate change. rather than part of the problem.
Fossil Fuel ReseNes
This section addresses the level of exposure to companies owning thermal coal, oil gas reserves and other
unconventional sources of reserves such as oil sands, shale oil. and shale gas. Many of these reserves may not be
useable'if we are to keep the largeted temperature rise (as a resull of global warming) below 2 degrees Celsius.
This risk is referred to as stranded asset risks and it is addressed through avoidance of companies holding fossil
fuel reserves, Hence, in addition to the impact. not holding Ihese assets reduces the financial risk within the
portfolio. Our Portfolio holds no fossil fuel reserves, as shown in the chart below.
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Fossi l Fuel Reserves(thou5ands of ti)nnes
per Élrn i nvested)
1£
Pofd)
0£
C￿1
01
Chart showing our Portfolio holds no fossll fuel reserves (no blue bar)
Renewable Eneryy
The benefit of generating renewable power can be measured by how much fossil fuel power {and resulting C02
emissions) it replaces. In 2022, the Portfolio avoided the release of almost 528 tonnes of C02e. This is equivalent
Removing 114 cars from the roads every year
1.214 barrels of oil saved
440 acres of pine forest absorbing C02 for one year
58 round trips around the world by one typical passenger car (travelling at the equator).
In terms of renewable energy produced. the Portfolio produced 95 Mwh in 2022, enough energy to power 237
homes.
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FINANCIAL REVIEW
Results for the year
A summary of the year's results can be found on page 27 of this report and account5. During the period, total
incoming resources amounted to £940.091 (2021: £760,691). Of the incoming resources, a total of £712.472 (2021..
£580,391) related to the pensions of the Brothers, was grft aided to the charity. Other income totalled £6,766 (2021:
£273).
Resources expended totslled £1,834,722 (2021: £548,745) with 95Q/o (2021: 940/0) being spent on direct charitsble
activities. Investment management costs totslled £32,556 (2021.. £9,317). Governance costs totaled £44,539
(2021: £25,965>. Investment losses of £30.040 {2021'. gain of £244.801 resulted in a net deficit for the period of
deficit £724,67112021.' surplus £456,747)
Investment Poll¢y
At 31 De￿mber 2022, the Trust had investments valued at £3.887,057 (2021.. £4,047,713>. These funds are
managed by Setanta Asset Management, Unigestion and State Street Global Advisors. The Trust also has a
holding of Alternative Investments.
These funds have an ethical investment screen. they exclude companies that contravene certain ethical criteria and
in most cases favour stocks that provide positive benefits to the community. These funds are likely to hold
investments that are compatible with the charity's religious ethos. In this regard, the investment portfolio is
screened according to the following criteria:
Damage to the environm8nt
Infringement of human rights
Manufacture of armaments and supplies to the military
Manufacture of anti-life products
Irresponsible marketing of breast milk substilutss
Stem ￿11 research
Cosmetics testing on animals
Gambling
Pomography
Tobacco
The Trustees. with their investment advisors. review the investments on a regular basis. The retum of 2.1 O/t) on the
investments was in line with the Trustees, expectations given the diversified nature of the portfolio during the period
September 2021 to December 2022.
Reservos pollcy
At the end of the financial year, the total funds of the charity amounted to £2,834,602 {2021 .' £3.559,273}. Of this,
£516,496 {2021: £537.758) is represented by properties and other tangible assets essential for the running of the
charity. The Trustees are intending to designate the remaining funds to provide for the future activities.
FUTURE PLANS
The Trustees do not anticipate any significant change to the activities over the next year. They intend to continue
to review its spending plans and needs and to make every effort to manage its 8XlSting assets as efficiently as
possible in order to generate the income necessary to achieve the charity's aims.
Page 17

CONGREGATION OF CHRISTIAN BROTHERS IN NORTHERN IRELAND
TRUSTEES. REPORT ICONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
In temis of Civil Law, the charily is governed by a Trust Deed dated 1 August 1994 amended, by special resolution
dated 21 January 2015. The charity is registered with the UK Revenue Commissioners under charity number XN
46693. The charity is also ￿gIStered with The Charity Commission for Northem Ireland under charity number
NIC102236.
In terms of Canon Law. the Congregation is govemed at an inlernattonal level by the Congregation Leader and the
Congregation Leadership Team in Rome. They are elected every six years at a Congregation Chapter. The
European Province is governed by the Province Leader and the Province Leadership Team, who ar8 nominated by
members of the European Province.
Recruitmenl and Training of Trustees
In 8ccordance with the Trust Deed. there shall be a minimum of four and a maximum of eight Trustees. The
ststutory power of appointment and removal of a Trustee is vested in the Proirincial L8ader of the European
Province.
Trustees are chosen for their personal qualities and their understanding and experience of the ministries of the
members. To date, the Trustees have been members of the European Province and as such they will already be
well infomied about the Mission, governing documents and strategic planning and history of the charity.
Organisational Structure
The Trustees are ultimately responsible for the policies, activities and assets of the charity. They meet on a regular
basis to review developments with the regard to Ihe Charity and its activities. When necessary, they seek advice
from the charity's professional advisors.
The day to day running of the Westcourt Centre is delegated to a sub-committee. The Trustees receive regular
reports from the sub-committee.
Page 18

CONGREGATION OF CHRISTIAN BROTHERS IN NORTHERN IRELAND
TRUSTEES. REPORT (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER2022
Rlsk Management
The Trustees undertake a full risk 8ssessment on an annual basis and monitor progress on a half-yearty basis. Thi8
process is supported by the Flnance Office, who works dosely with the Trustees in this area. The Trustees
idenlified the following as being the prlncipal risks to which the Charlty Is exposed..
Govemance and management.. considers the efficiency of the Trustee body. Risks considered include a lack of
plannlng, 8 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 reSoUr￿S
hLJman, fin8ncial and property. The
Trustees have addressed these risks by operating both annual 8nd longer term plans, holding regu18r Trustee
meetings ￿lch inGlude th8 monitoring of actual perfomianc8 against Ihese plans, having meaningful induclion I
handover for incoming Tmstees, attending Trustee traSning day5. seekin9 third party advice as required, etc.
Financial,. collsiders the financial capacity of the Charty and ensurfng It has the available financial resources lo
contlnue to carry out its activitles both now and In the years ahead, This incorporates the management of the
operating (day-to4ayl position, capital or building requirementB and the returns earned on the Charity's investment
portfoli05. Th@S8 rfsk5 are mitigated in a variety ol ways, includlng budg8ting, the Setting of an inveslment str8tegy J
investment objecliv8S that consider dlversity, prudèn¢e and liquidity criterfa, ragular financial and investmenl
reporting againsl budget, cash-flow planning, the appolntmant of Stewardship 8dwsors where nece55ary.
Age Profile: considers the aging population of the Brothers of the Congregation of Christian Brothers in Northern
Ireland which Is supported by the Charity. This incorporates the review of the training, skillsets and energy of the
Brothers in a leadership. Minlslry or Mission role. The risks are mitigated ￿rOUgh training, Trustee visitstion to each
Community, regular Trust meelings, heallhcare revlews and rotating Brothers in different roles and the sharing of
knowledge. The Trustpes invest time, energy and allocale resources ID ensure the continuing of Ihe Charty both
now and into the future. This can also include the involvement of18y people lo support the Brothers and Ihe
involvement of professional adiusors in relation tD Stewardship advice to the Trustees.
Slgned on behalf of thè Trustees..
BrD
Trustee
on
Date:
&clf bw 20Z3
Page19

CONGREGATION OF CHRISTIAN BROTHERS IN NORTHERN IRELAMD
STATEMENT OF TRUSTEES, RESPONSIBILITIES
FOR THE PERIOD ENDED 31 DECEMBER 2022
The Trustees of the Charity are responsible for preparing the Truste8s' R8POrt and the financial statement5 in
accordan￿ with applicable law and Unit8d Kingd¢Jn Accounting Slandards (United Kingdom Generally Accepted
Accounting Practice).
The Trustees are required to prepare financial Statements for each financial year. The Trustees musl not
approve the financial statéments unless they are satisfied that they give a true and falr vlew of the state of affairs
of the Charity and of its incoming resources and application of resources. including ils income and expenditure,
for that period. In preparing these financial statements, the Trustees are required lo.,
select suitable accounling poli¢ie$ and then apply them consistently,
obseNe the methods and principles of the Charit18s SORP {FRS 102>.,
make judgements end accounting estimates that are reasonable and prudent.,
Stale whether applicable UK A¢counling Standards (FRS 102) have been followed, subject to any mafierlal
departures disclosed and explalned in the financial statements.
prepare the financial statements on th8 going concern basis unless it is inappropriat6 to presume that the
Charlly will continue in operation.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the Charity's transactions and disclose with r6asonable accurdcy at any lime the financial position of the Charity
and enable them to ensure that the financial statements comply with lh8 Charities Act (Northern Ireland) 2022
and Charities (Accounts and Reports) Regulations {Northern Ireland) 2015. They are al$0 responsible for
safegutsrding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of
fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on ils behalf by,.
BrDGi
Trustee
Brc
Date..
94e6e4 2 OL3
Page 20

CONGREGATION OF CHRISTIAN BROTHERS IN NORTHERN IRELAND
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF CONGREGATION OF CHRISTIAN
BROTHERS IN NORTHERN IRELAND
Opinion
We have audited the financial statements of Congregation of Christian Brothers in Northarn Ireland (the 'chariV)
for the period ended 31 December 2022 which comprise the Statement of Financial Activities, the Balance
Sheet, the Statement of Cash Flows and the related notes. including a summary of significant accounting
policies. The financial reporting framework that has been applied in their preparation is applicable law and United
Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard
applicable in the UK and Republic of Ireland. (United Kingdom Generally Accepted Accounting Practice). In
applying that framework the trustees have elected to have regard to the Statement of Recommended Practice
applicable to Charities (SORP).
In our opinion the financial statements:
give a true and fair view of the charty's assets, liabilities and financial position as at 31 December 2022
and of its incoming resources and application of resources. including its income and expenditure for the
period then ended.,
have been properly prepared in accordance with Financial Reporting Standard 102 The Financial
Reporting Standard applicable in the Republic of Ireland, as applied wilh regard to Charities SORP. and
have been prepared in accordance with the Charities Act (Northern Ireland) 2008.
Basls for opinion
We conducted our audr( in accordance wrth International Standards on Auditing (UK) (ISAS (UK}) and applicable
law. Our responsibilities under those standards are further described in the Auditor's responsibilities foi the audit
of the financial statements section of our report. We are independent of the charitable trust in accordance with
the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom,
including the Financial Reporting Council's Elhical Standard, and we have fuSfilled our other ethical
responsibiliiies in accordance with these requirements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our
opinion.
Conclusions relating to golng ¢one•rn
In auditing the financial statemenls, we have concluded that the Trustees. use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the worf( we have performed, we have not identified any material uncertainties relating to events or
conditions that, individualty or collectively, may cast significant doubt on the charitable trust's ability to continue
as a going concern for a period of at least twelve months from when the financial statements are authorised for
issue.
Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the
relevarrt sections of this report.
Page 21

CONGREGATION OF CHRISTIAN BROTHERS IN NORTHERN IRELAND
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF CONGREGATION OF CHRISTIAN
BROTHERS IN NORTHERN IRELAND {CONTINUED)
Other informatlon
The Trustees are responsible for the other information. The other information comprises the information included
in the Trustees Report and Financial Statements, other than the financial statements and our Auditorfs Report
thereon. Our opinion on the financial statements does not cover the other infomiation and, except to the exlent
otheNiise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection wilh out audit of the financial statements, our responsibility is to read the other information and, in
doing so, consider whether the other information is materially inconsistent with the financial statements or our
knowledge obtained in the audit or other¥vise appears to be materially misstated. If we identify such material
inconsistencies or apparent material misstatements, V￿ are required to delermine whether this is a material
misstatement in the financial ststements or a material misstatement of the other infomiation. If, based on the
work we have performed, we conclude thal there is a material misstatement of thi5 Other infomiation, we are
required to report that fact.
We have nothing to report in this regard.
Oplnlons on other matters presclbed by the Generally Accepted Accountlng Practices
In our opinion, based on the work undertaken in the course of the audit..
the information given in the Trustees, Report for the financial period for which the financial statements are
prepared is consistent with the financial statements.
the Trustees, Report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by ex￿ptIOn
In the light of our knowledge and understanding of the charitable trust and its environment obtained in the course
of the audit, we have not identified material misstatements in the Trustees, Report.
We have nothing to report in respect of the following matters in relation to which the Charities Act (Northem
Ireland) 2008 and Charities (Accounts and Reports) Regulations (Northern Ireland) 2015 requires us to report to
you if, in our opinion..
adequate accounting records have not been kept, or returns adequate for our audrt have not been
received from branches not visited by us; or
the financial statements are not in agreement with the a¢¢ounting records and returns. or
certain disclosures of Trustees, remuneration specified by law are not made., or
we have not received all the infomiation and explanations we require for our audit. or
the Trustees were not entitled to prepare the financial statements in accordance with the small companies
regime and take advantage of the small companies. exemptions in preparing the Trustees Report and
from the requirement to prepare a Strategic Report
Page 22

CONGREGATION OF CHRISTIAN BROTHERS IN NORTHERN IRELAND
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF CONGREGATION OF CHRISTIAN
BROTHERS IN NORTHERN IRELAND (CONTINUED)
Respective Responslbllltigs
Responsibilities of t￿SteeS
As explained more fully in the Trustees, Responsibilities Statement, the Trustees are responsible for the
preparation of the financial statements and for being satisfied that they give a true and fair view, and for such
intemal Gontrol as the Trustees detemine is necessary to enable the preparation of financial statements that are
free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the Trustees are responsible for assessing the charitsble trust's abilty to
continue as a going Concern, disGlosing, as applicable. matters related to going concern and using the going
concern basis of accounling unless the Trustees either intend to liquidate the charitable company or to cease
operations, or have no realistic alternative but to do so.
Page 23

CONGREGATION OF CHRISTIAN BROTHERS IN NORTHERN IRELAND
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF CONGREGATION OF CHRISTIAN
BROTHERS IN NORTHERN IRELAND (CONTINUED)
Audftor's responsibilitias for the audlt of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that includes our
opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in
accordance with ISAS {UK) will always detect a material misstatement when il 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 statements.
Irregularities. including fraud, are instances of non-compliance with laws and regulations. We design procedures
in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities,
including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is
detailed below:
We identify and assess the risks of material misstatement of the financial statements, whether due to fraud or
error, and then design and perform audit procedures responsive to those risks, including obtaining audit
evidence that 1$ sufficient and appropriate to provide the basis for our opinion.
In ￿entifyIng and assessing risks of material misstatement in respect to irregularities, including fraud and
noncompliance with laws and regulations. we considered the following..
the nature of the industry and sector, control environment and business performance,.
the Charitls own a$sessment of the risks that irregularities may occur either as a result of fraud or error.,
results of our enquires of management and other key persons about their own identification and assessment
of the risks of irregularities.,
any matters we identified having obtained and reviewed the Charity's documentation of their policies
and procedures relating to..
identifying, evaluating and complying with ￿w$ and regulations and whether they were aware of any
instances of non-compliance,. and
detecting and responding to the risks of fraud and whether they have knowledge of any actual,
suspected or alleged fraud,. and
the internal controls established to mitigate risks of fraud or non-compliance with laws and
regulations.,
the matters discussed among the audit engagement team regarding how and where fraud might occur in the
financial statements and any potential indicators of fraud.
As s result of these procedures, we considered the opportunities and incentives that may exist within the
organisation for fraud and identified the greatest potential for fraud in the ar8as in which management is required
to exercise significant judgement. In common with all audits under ISAS (UK) we are also required to perfomi
specific procedures to respond to the risk of management override.
We also oblained an understanding of the legal and regulatory framework that the Charity operates in, focusing
on provisions of those laws and regulations that had a direct effect on the determination of material amounts and
disclosures in the financial statements.
In addition, we considered provisions of other laws and regulations that do not have a direct effect on the
financial statements but compliance with which may be fundamental to the Charity's ability to operate or to avoid
a material penaty. These included the competition and anti-bribery laws, data protection. employment,
environmental and health and safety regulations.
Page 24

CONGREGATION OF CHRISTIAN BROTHERS IN NORTHERN IRELAND
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF CONGREGATION OF CHRISTIAN
BROTHERS IN NORTHERN IRELAND {CONTINUEDI
Audit Responso to Risks Identlfled
As a result of performing the above we identif￿d several potential risks of fraud. Our procedures to respond to
risks identified included the following-
reviewing the financial statement disclosures and testing to supporting documentation to assess compliance
with provisions of relevant laws and regulations described as having a direct effect on the financial
statements:
enquiring of management and external legal counsel concerning actual and potential litigation and claims;
perfomiing analytical and substantive procedures to identify any unusual or unexpected relationships that
may indicate risks of material misstatement due to fraud:
reading minutes of meetings of those charged wilh governance;
addressing the risk of fraud through management override of controls, testing the appropriateness of journal
entries and other adjustments, assessing whether the judgements made in making accounting estimates are
indicative of potential bias, and evaluating the business rationale of any significant transactions that are
unusual or outside the norm81 course of business.
We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team
members who remained alert to any indicators of fraud or non-compliance with laws and regulations throughout
the audit.
As part of an audit in accordance with ISAS (UK), we exercise professional judgement and maintain professiona
scepticism throughout the 8udit. We also..
Identfy and assess the risks of material misstatement of the financial statements, whether due to fraud or
error, design and perform audit procedures responsive to those risks, and oblain audit evidence that is
sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material
misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion,
forgery. intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are
appropriate in the circumstances, but not for the purpose of expressing an opinion of the effectiveness of the
Charills intemal control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates
and related disclosures made by the directors.
Conclude on the appropriateness of the directors, use of the going concern basis of accounting and, based
on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may
cast significant doubt on the Charity's abilrty to continue as a going concern. If we conclude that a material
uncertainty exists, we are required to draw attention in our Auditors, Report to the related disclosures in the
financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based
on the audit evidence obtained up to the date of our Auditors, Report. However, future events or conditions
may cause the Charity to cease to continue as a going Concern.
Evaluate the overall presentation. structure and content of the financial statements, including the
disclosures, and whether the financial statements represent the underlying transaction5 and events in a
manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and
timing of the audit and significant audit findings, including any significant deficiencies in intemal control that we
identify during our audit.
Page 25

CONGREGATION OF CHRISTIAN BROTHERS IN NORTHERN IRELAND
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF CONGREGATION OF CHRISTIAN
BROTHERS IN NORTHERN IRELAND (CONTINUED)
The purpose of th• audit work and to whom we owe our responsibilities
This report is made solely to the Charity's trustees. as a body, in accordance with the Charities Act {Northem
Ireland} 2008. Our audit work has been undertaken so that we might state to the charitable company's members
those matters we are required lo stale lo them in an Auditor's Report and for no other purpose. To the fullest
extent pemiitted by law, we do not accept or assume responsibility to anyone other than the charilable company
and ts members, as a body, for our audit work, for this report. or for the opinions we have formed.
Ronan KÉlbane
Statutory auditor
for and on behalf of
RBK Business Advisers
Tennini
3 Arkle Road
Chartered Accountants and Statutory Audit Fimi
3 Arkle Road
Sandyford
Dublin
Ireland
Date: Zo23 ,
Page 26

CONGREGATION OF CHRISTIAN BROTHERS IN NORTHERN IRELAND
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE PERIOD ENDED 31 DECEMBER 2022
Total
funds
Unrestrlcted
Total
lor the 12
funds
funds months ended
31 December 31 De¢ember
31 August
2022
2022
2021
(16 months) (16 months) (12 months)
Note
Income from:
Charitable activities
Social Investments
Investments
Other income
712,472
97,413
123.440
6,766
712,472
97,413
123.440
6,766
580,391
85,019
95.008
273
Total income
940,091
940,091
760,691
Exp•nditure on:
Raising funds
Charitable activities
Govemance
32,556
1,557,627
44,539
32.556
1,557,627
44,539
9,317
513,463
25,965
Totsl expenditure
1,634,722
1,634,722
548, 745
Net movement in funds before other recognised
gainsl{los$es)
(694,631 }
1694,631)
211,946
Other recognised {losses)Igains:
Unrealised {losses)Igains on investment assets
12
(30.040)
(30,040)
244, 801
Net movement in funds
1724.671)
(724,671)
456, 747
Reconciliation of funds:
Total funds brought forward
Net movement in funds (see above)
15
3,559,273
1724,671)
3,559,273
{724,671)
3, 102,526
456, 747
Total funds carried forward
15
2,834,602
2,834,602
3.559,273
The Statement of Financial Activities includes all gains and losses recognised in the period.
Page 27

CONGREGATION OF CHRISTIAN BROTHERS IN NORTHERN IRELAND
BALANCE SHEET
AS AT 31 DECEMBER 2022
31
D&c8mb8r
2022
31
Augusl
2021
Note
Fixed assets
Tangible assets
Investments
11
12
616,496
3,8B7,057
537, 758
4.047,713
4,403,553
4,585,471
Current assets
D8blor8
Cash at bank and in hand
13
19
39,383
1,316,278
13,617
1,114, 749
1.354,661
1, 128.366
Credit¢rs'. amounls falling due withln one
year
14
12,923,612)
(2,154,564)
Net current Ilabllltles
(1,568,961)
(1,026, 198)
Total net assets
2034,602
3,559,273
Charlty funds
Unreslricled funds
15
2,834,602
3,559, 273
Total funds
2,834,602
3, 559, 273
The financisl statement8 were approved and authorised for issue by the Trustees and signed on their behalf by..
Br
Gib
Trustee
Br
Date..
2g LOgbeJ4 2 013
Page 28

CONGREGATION OF CHRISTIAN BROTHERS IN NORTHERN IRELAND
STATEMENT OF CASH FLOWS
FOR THE PERIOD ENDED 31 DECEMBER 2022
2022
2021
Note
Cash flows from operating activities
Net cash provided by operating activities
18
69,913
102, 183
Cash flows from investing actlvltles
Net movement in investment5
Unrealised (losses)Igains on investment activities
160,656
<30,040)
(230,419)
244,801
12
Net cash provlded by Invosting activities
130,616
14,382
Change In cash and cash equivalents in the perfodlyear
Cash and cash equivalents at the beginning of the periodlyear
200.529
116,565
19
1,114,749
998, 184
Cash and cash equlvalents at the end of the periodlyear
19
1,315,278
1, 114, 749
The notes on pages 30 to 44 form part of these financial ststements
Page 29

CONGREGATION OF CHRISTIAN BROTHERS IN NORTHERN IRELAND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022
Accounting policies
1.1 Basls of preparation of financial stalements
The financial statements have been prepared in accordance with Ihe Charities SORP IFRS 102}
Accounting and Reporting by Charrties: Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act (Northern Ireland) 2008
and Charities (Accounts and Reports) Regulations (Northern Ireland) 2015.
Congregation of Christian Brothers in Northern Ireland meets the definition of a public benefrt entty
under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value
unless otherwise stated in the relevant accounting policy.
1.2 Income from charitable act5vltles
Income from charitable activities arises on a weeklylmonthly basis from pensions. All such income is
credited to the income and expenditure account only when received.
Income tax recoverable in relation to investment income is recognised at the time the investment
income is receivable.
Other income is recogni5ed in the period in which it is receivable and to the 8xt8nt the goods have
been provided or on completion of the service.
1.3 Income from donations and legacles
These are included in the financial ststements of the Charity when the entitlement of the income has
been notified to the Trustees and there is a certainty of receipt.
1.4 Income from social Investments
Investment income, realised and unrealised, is accounted for in the year in which the Charity is
entitled to receive it and is reflected in the Statement of Financial Activities.
1.5 Investment Income
The investment income included in incoming resources in the Statement of Financial Aclivities is
comprised of dividends re￿iVed directly by the Charity together with all bank interest to which the
Charity is entitled in the year.
1.6 Investment managed fund
Investments are shown at market value at the balance sheet date. Market value comprises the
capital Cost together with realised gains invested. net cash inflowsloutflows and unrealised gains and
losses.
1.7 Foreign exchange
All foreign cU￿encY assets and liabilities at the balance sheet date have been converted to Sterling 8t
the rates ruling at the balance sheet date. Unrealised exchange differences resulting from restating
assets and liabilities at the balance sheet date are taken directly to reseNes. All other exchange
differences are taken to the income and expenditure account.
Page 30

CONGREGATION OF CHRISTIAN BROTHERS IN NORTHERN IRELAND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022
Accounting pollcles (continued)
1.8 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefrt
to a third party, it is probable that a transfer of economic benefits will be required in settlement and
the amount of the obligation can be measured reliably. Expenditure is classified by adivity. The costs
of each activity are made up of the total of direct costs and shared costs, including support costs
involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly
to that activity. Shared cost5 which contribute to more than one activity and support costs which are
not attributable to a single activty are apportioned be￿een those activities on a basis consistent with
the use of resources. Central staff costs are allocated on the basis of time spent. and depreciation
charges allocated on the portion of the asset's use.
Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its
charitable purposes and includes Costs of all fundraising activities events and non-charitable trading.
Expenditure on charf(able activities is incurred on directly undertaking the activities which further the
Charitys objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
1.9 Tangible fixed assets and depreciation
Tangible fixed assets are initially recognised al cost. After recognition, under the cost model, tangible
fixed assets are measured at cost less accumulated depreciation and any accumulated impaimient
losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be
included in the measurement of cosL
All fixed assets held for the beneficial use of the Charity have been capitalised and are included in the
financial statements. These assets are included at original cost where it eAn be determined or 8t a
reasonable notion81 cost. Such notional cost has been determined by taking the historic consumer
price indices produced by the Central Statistics Office and applying those to the insurance valuations
of the properties concerned.
Such property is not held for investment purposes and is carried in the assets of the Charity al cost.
The figure for cost. or notional cost where utilised does not take account of the separate value of the
underlying land of any property. The original cost of the land would not be material to the amounts
stated for fixed assets.
The land owned by the Charity has been included at a nominal value of £1.000 per acre. This
includes two playing fields retained by the Charity which have been let on short term licences to the
Edmund Rice Schools Trust (Northem Ireland).
Consequently the balance sheet does not reflect the full value of the freehold land and buildings of
the charity and the charge to the Statement of Financial Activities for depreciation excludes such
Charges which might be applicable to the full value of the assets.
Page 31

CONGREGATION OF CHRISTIAN BROTHERS IN NORTHERN IRELAND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022
Accounting pollcles (continued)
1.9 Tangible fixed assets and depreciation (continued)
Depreciation is charged so as to allocale the cost of tsngible fixed assets less their residual value
over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
Freehold property
Motor vehicles
Fixtures and ffftings
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount
and are recognised in the Statement of Financial Activities.
1.10 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
1.11 Cash at bank and In hand
Cash at bank and in hand includes cash and short-temi highly liquid investments with a short maturity
of three months or less from the date of acquisition or opening of the deposit or similar account.
1.12 Creditors
Creditors are Classified as current liabilities if payment is due within one year or less. If not, they are
presented as non-current liabilities. Creditors are recognised initially at the transaction Pri￿ and
subsequently measured at amortised cost using the effective interest method.
1.13 Contingent assets
Contingent liabilities, arising as a result of past events, are not recognised when (i) it is not probable
that there will be an ouffiow of resources or that the amount cannot be reliably measured at the
reporting date or (li) when the existence will be confirmed by the occurrence or non-o¢currence of
uncertain future events not wholly within the compan￿$ control. Contingent liabilities are disclosed in
the financial statements unless the probability of an oufflow of resources is remote.
Contingent assets are not recognised. Contingent assets are disclosed in the fin8ncial statements
when an inflow of economic benefrts is probable.
Page 32

CONGREGATION OF CHRISTIAN BROTHERS IN NORTHERN IRELAND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022
Accountlng policies (continued)
1.14 Llabilities and provlslons
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past
event, it is probable that a transfer of economic benefft will be required in settlemenl, and Ihe amount
of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the
amount it has received as advanced pa￿nentS for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where
the effect of the time value of money is material. the provision is based on the present value of those
amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liabilty. The
unwinding of the discount is recognised in the Ststement of Financial Activities as a finance cost.
1.15 Fund accountlng
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular
purposes. The aim and use of each designated fund is set out in the notes lo the financial
statements.
Investment ineome, gains and losses are allocated to the appropriate fund.
1.16 Taxation
Arising from it's charitable Status, there is no liability to Corporation Tax on the company.
1.17 Reserves
The reserves consist of unrestricted funds.
General reserve8 are unrestricted funds which are available for use at the discretion of the trustees.
A significant portion of the unrestricted funds are designated to provide for various adivities in
furtherance of the general objectives of the Charity.
Page 33

CONGREGATION OF CHRISTIAN BROTHERS IN NORTHERN IRELAND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022
Accounting policies {contlnued)
1.18 Critical judgements and estimates
The estimates, and assumptions in determining the carrying amount of assets and liabilities. The
trustees, judgements, estimates and assumptions are based on the besl and most reliable evidence
available at the time when the decisions are made, and are based on historical experience and other
factors that are considered lo be applicab￿. Due to the inherent subjectivty involved in making such
judgements, estimates and assumptions, the outcomes may differ.
Usoful economlc lives ot tangible fixed assets
The charity depreciates tangible assets over their estimated useful lives. The estimation of the useful
lives of assets is based on historic perfomiance as well as expectations over future use and therefore
requires estimates and assumptions to be applied by management. The actual lives of these assets
can vary depending on a variety of factors. including technological innovation snd mainlenance
programmes.
Falr value of fixed asset 5nvestments
The fixed asset investments are carried at fair value which has been detemiined based on
independent professional valuation caThied out al year end by investment management companies
holding those investments.
Accruals - Iltigation costs
The charitsble trust has accruals recorded in the balance sheet at the year end in relation to litigation
costs for the ongoing legal court cases. Estimates of these accruals are based on an assessment
made by the trust's legal advisors in relation to the liability based on current litigation and an
established pattern of settlement agreements.
Pag8 34

CONGREGATION OF CHRISTIAN BROTHERS IN NORTHERN IRELAND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022
Income from charitable activities
Unrestricted
funds
2022
16 months
Total
funds
2022
16 months
Total
funds
2021
12 months
Teachers pensions
Old age pensions
547,120
165,352
547.120
165.352
445,288
135, 103
Total 2022
712,472
712.472
580,391
Income from soclal Invostm•nts
Unrestricted
funds
2022
16 months
Total
tunds
2022
16 months
Total
fvnds
2021
12 months
Rental income (Westcourt>
Rental income {other)
97,413
97,413
84,719
300
Total 2022
97,413
97,413
85.019
Income from investments
Unrestricted
funds
2022
16 months
Total
funds
2022
16 months
Total
funds
2021
12 months
Investment income
123,440
123,440
95, 008
Total 2022
123,440
123,440
95.008
Page 35

CONGREGATION OF CHRISTIAN BROTHERS IN NORTHERN IRELAND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022
Other income
Unrestricted
funds
2022
16 months
Total
funds
2022
16 months
Tolal
funds
2021
12 months
Other income
Donations received
6,616
150
6.616
150
273
Total 2022
6,766
6.766
273
Expenditure on ralslng funds
Unrestricted
Total
funds
funds
2022
2022
16 months 16 months
Total
funds
2021
12 months
Investment management and advisory fees
32,556
32,556
9,317
Total 2022
32,556
32.S56
9,317
Exponditure on charitable activities
Unreslrlctod
funds
2022
16 months
Total
funds
2022
16 months
Total
funds
2021
12 months
Property costs and depreciation
Support of members and their mission
Costs incurred l {reversed) associated with former students
International missionary support
Former mainstream education
Non mainstream education
21,714
472,646
738,774
16,697
158,000
149,796
21.714
472.646
738.774
16,697
158,000
149,796
37,952
419, 163
(198, 136)
11,760
118,000
124, 724
Total 2022
1,557,627
1,557.627
513,463
Page 36

CONGREGATION OF CHRISTIAN BROTHERS IN NORTHERN IRELAND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022
Expenditure on governance
Unrestrfcted
funds
2022
16 months
Total
funds
2022
16 months
Total
funds
2021
q2 months
Professional and financial management fees
Stewardship advisory fees
Audit fees
21,876
13,333
9,330
21,876
13.333
9,330
4,583
14,500
6, 882
Total 2022
44,539
44.539
25, 965
Staff costs
for the year
ended
31
December
2022
31 August
2021
Wages and salaries
Social security costs
Contribution to defined contribution pension schemes
109,513
9,188
4.546
86, 702
7,543
3.633
123,247
97,878
The average number of persons employed by the Charity during the period was as follows:
2022
16 months
2021
12 months
No.
Employees
During the year ended 31 December 2022, no Employees received remuneration ex￿edIng £60,000.
10. Key management personnel
The key management p8rsonnel of Christian Brothers in Northem Ireland includes the Board of Trustees
and Head of Finance. The compensation paid to key management personnel for employee services was
£0 (2021.. £0).
Page 37

CONGREGATION OF CHRISTIAN BROTHERS IN NORTHERN IRELAND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022
11. Tangible fixed assets
Freehold
property
Motor Flxtures and
vehlcles
fittings
Total
Cost or valuation
At 1 September 2021
720,545
15,775
261,045
997.365
At 31 December 2022
720,$46
15,775
261,045
997,365
Depreciation
At 1 September 2021
Charge for the period
185.042
19.215
13.520
2.047
261,045
459.607
21.262
At 31 December 2022
204,267
15,567
261,045
480,869
Net book value
At 31 December 2022
516,288
208
516,496
At 31 August 2021
535, 503
2,255
537, 758
12. Fixed asset Investments
2022
2021
Llsted investments at market value:
At 1 September
Investment income
Unrealised (losses)Igains on investments
Cash (withdrawn) l introduced
4.047,713
3,817,294
123,440
95, 008
(30,040)
244, 801
1254,056) (109,390)
At 31 December
3.887,057
4,047,713
Page 38

CONGREGATION OF GHRISTIAN BROTHERS IN NORTHERN IRELAND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022
13. Debtors
2022
2021
Due withln one year
Prepayments and accrued income
39,383
13,617
39,383
13,617
14. Creditors: Amount falling due wlthln one year
2022
2021
Trade creditors
Christian Brothers European Province
English Province of the Congregation of Christian Brother8
Accruals
2,304
331,585
6A07
2,583.316
283, 587
16,960
1,854,017
2,923,612
2, 154,564
Page 39

CONGREGATION OF CHRISTIAN BROTHERS IN NORTHERN IRELAND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022
15. Statement of funds
Statement of funds - current period
Balance at
31
Gainsl December
(Losses)
2022
Balance at I
September
2021
Income Expendtture
Unrestrlcted funds
Fixed asset fund
Former mainstream education
Non mainstream education
International mission fund
Support of members
General charitable activities
fund
537.761
353.492
388,630
193,025
844,405
121,265)
(158,000)
1149.796
116.697
1472.646
616.496
236,639
279,981
217,475
727,995
41,147
41,147
41,147
356,236
1,241,960
460,414
(816,318)
(30,040
856.016
3,659,273
940,091
(1,634,722)
{30.¢MOI 2,834,602
Statement of funds - prlor perlod
Balance at
I Septembei
2020
Balancg at
31 August
2021
Gains/
(Losses)
Income Expenditure
Unrestricted funds
Fixed asset fund
Former mainstream education
Non mainstream education
Intemational mission fund
Support of members
General charrtable activities
fund
572,982
439,823
481,685
173,116
973,371
(35, 221)
(178,000)
(124. 724)
(11, 760)
(419, 162)
537,761
353,492
388,630
193,025
844,405
31,669
31,669
31,669
290, 196
461, 549
375,488
160, 122
244,801
1,241,960
3, 102,526
760, 691
(548, 745)
244,801
3,559.273
Page 40

CONGREGATION OF CHRISTIAN BROTHERS IN NORTHERN IRELAND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022
16. Summary of funds
Summary of fund$ - current period
BaEance at
31
Gainsl December
{Losses)
2022
Balance at 1
September
2021
Income Expenditure
General funds
3,659.273
940.091 <1.634,722)
130.040) 2.834,602
Summary of funds- prior period
Balance at
l January
2Q21
Balance at
31 Augusl
2021
Gains/
(Losses)
Income Expendilure
General funds
3, 102,526
760, 691
(548, 745)
244,801
3,559,273
17. Analysis of net assets between funds
Analysis of net assets between funds - Current perfod
Unrestricted
funds
31
December
2022
Total
funds
31
December
2022
Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
516,496
516,496
3,887,057
3.887,057
1,354.661
1.354,661
(2,923.612) (2,923,612)
Total
2,834,602
2,834,602
Page41

CONGREGATION OF CHRISTIAN BROTHERS IN NORTHERN IRELAND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022
17. Analysls of net assets between funds lcontinuedl
Analysis of not assets between funds - prior period
Unrestricted
funds
31 August
2021
Total
funds
31 August
2021
Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
537, 758
537, 758
4,047, 713
4,047, 713
1. 128.366
1, 128,366
(2, 754,564) (2. 154,564)
Total
3,559,273
3,559, 273
18. R•conclllatlon of net mov•ment In funds lo net cash flow from operating actlvltles
2022
2021
Net {expenditure)lincome for the period before other recognised gains and
losses (as per Statement of Financial Activities)
(694.6311
211,946
Adjustments for:
Depreciation Charges
{Increase)Idecrease in debtors
Increasel(decrease) in creditors
21,262
125,7661
769,048
35,223
11,782
(156, 768)
Net cash provlded by oporatlng actlvltles
69,913
q02, 183
19. Analysis of cash and cash equivalents
2022
2021
Cash at bank and in hand
1,315,278
1, 114. 749
Total cash and cash equivalents
1,315,278
1, 114. 749
Page 42

CONGREGATION OF CHRISTIAN BROTHERS IN NORTHERN IRELAND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022
20. Analysis of changes in net debt
At1
September
2021 Cash flows
At31
December
2022
Cash at bank and in hand
1,114,749
200,529
1.315.278
1,114,749
200,529
1,315.278
21. Contingencies
A number of legal actions have been initiated against the Charity. The Trustees have appointed solicitors
and barristers to act on their behalf in defending these actions. Due to the nature of the actions. the
lengthy passage of time since the alleged offences occurred, and the significant legal and pradi¢al
difficulties in resolving these cases, the determination of the final liabilities is uncertain.
The accruals provided are based on current litigation and an established pattern of settlement
agreements. As the litigation and negotiations progress, it is possible that the ultimate liability may be
different from the amount of the accruals currently recorded.
Since the year end, 10 new cases have been notified and in accordance with the accounting policies,
provision is only made in the year of notification of such claims.
22. Commitments
A commitment exists to provide funding of £118,000 (2021: É118,000} the next year to Edmund Rice
Schools Trust (Northern Ireland) to meet the costs of that body.
23. Related party transactions
The Trustees all give freely of their time and expertise without any fom) of remuneration or other benefit in
cash or kind.
The Charity shares two common trustees with Congregation of Christian Brothers, European Province -
Republic of Ireland ICBEP). During the year CBEP recharged £331,585 {2021.' É246,999) in respect of
costs incurred on behalf of the Cangregation of Christian Brothers in Northern Ireland. At the financial year
end, the Charity owed £331,585 (2021: £283.587) to the Congregation of Christian Brothers. European
Province- Republic of Ireland.
The Charity shares one common trustee with the Congregation of Christian Brothers Trustees (English
Province), (CCBT). During the year CCBT recharged £11,509 (2021: É8,506) in respect of costs incurred
on behalf of the Congregation of Christian Brothers in Northern Ireland. At the financial year end, the
Charity owed £6,407 (2021.. £16,960) to the Congregation of Christian Brothers Trustees (English
Province).
Page 43

CONGREGATION OF CHRISTIAN BROTHERS IN NORTHERN IRELAND
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022
Custodian trustee holdings
The trustees held an amount of £74,352 (2021: £75,852) in a bank account as a custodian for a member
of the congregation. The account is held securely and separately from those of the trustees who are
responsible for safe custody of the funds. These funds are not therefore included in the balance sheet of
Congregation of Christian Brothers in Northern Ireland at the year end <2021.. £Nil).
25. Post balance sheet events
Apart from those disclosed, there have been no significant events affecting the charitable trust since the
period end that require disclosure in the financial statements.
26. Approval of flnanclal statements
The accounts were approved by the Trustees on z g &cl-96 ei( 3 0
Page 44