THE MAIUST BROTHERS
ANNUAL REPORT - 31 DECEMBER 2025
Scottish Charity Number SC018168

THE MARtST BROTHERS
TRUSTEES, REPORT
For the Year Ellded 31 December 2025
Th¢ Trustee5 present th¢ir rep)rt with the financial statements of the charity for the year ¢nd¢d 31
D￿ember 2025. The Trustees hav¢ adopted the provisions of Accounting and Reporting by Charities
Statement of Recommended Practice applicable to charities preparing their accounts in ￿COrdanCe with
the Financial Reporting Standard applicable in the UK and Republi¢ of Ir¢land (FRS102) (effective I
January 2019).
Reference and Administrative Details
hari
Numb¢r
SC018168
Prin¥1
ffice
29 (l F2) Havelock Stree¢ Glasgow. Gl 15HA
Trustees
The trustees who served during the year and sin¢e the year end were:
A R M¢Ewan
B Geary
J McKee
PJ McGowan
The above persons were trustees of the charity on the date this report
Wus appi'vved.
Chief Executive OtTic¢r
G Devlin
Inde
en
ent Examiner
J 0'Har￿ O'Haras. Chartered Accountants. l Golf RO￿ Glasgow,
G76 7HU
Solicitors
Levy & McRae LLP (incorpornting Giusti Martin) Pacific House
70 Wellington Street Glasgow G2 6UA
Princi
l Banker
Bank of Scotland. 91 High Street, Dumfri¢s. DGI 2BN
Inveslment Mana
ers
Rathbones Investment Management, l O George Street,
Edinburgh, EH2 2PF
Structure, Governance 2nd Management
Governin
Do¢um¢nt
The Marist Brothers. operating under deed of trusL have conducted religious. educational and other
charitable activities in the unit￿ Kingdom stnce l 852.
Trust¢es
The trust¢es ar¢ those metnb¢rs of ihe board of management of the British activities of The District of
West Central Europe of the Province of L'Herniitage of the Institute of the Marist Brothers. New
trustee5 may be appointed or assumed by resolution of the trustees. All new trustees are infornied of
their legal obligations under charity law. They are introduced to the employees of the charity and are
briefed on its objectives. slrdtegic plans, finances and key activitie5. The trustees are encouraged to
attend to their continuing professional development in all are&s which will a5SiSt them in exercising
their rol¢ as trustees.

THE MARIST BROTHERS
TRUSTEES, REPORT (Continued)
For the Year Ended 31 Deeember 2025
anisation
The board of trustees has overdll responsibility for th¢ strategic direction and administration of the
charity. Day to day operations ar¢ managed by an Executive Director (chief executive officer) who
works closely with the chairnian of the board of trustees and who, together with the chaimian. h&s
delegated authority for all operational matters.
Mana yeinent Remunerati
All trustees give of th¢ir tim¢ freely and do not receive reJnuneralion for their role. The chief executive
officer is reniunerated commensurate with his role within the organisation. The remunerdtion of all
staff is dependent on the skills. expertence and qualifications they bring to their role and is matched as
far as possible with local market levels.
Related Parties
The charity has supported the development of the Kinharvie Institute, a charity which is concemed with
personal development and growth. One of the current trustees is also a trustee of the Kinharvie Institute
and of the Marist Brothers (Ireland). Another is a trustee of the Marist Brothers (Ireland) and another
is Secretary to the Champagnat Schools Ireland and a Trustee of the Marist Brothers HFMN
INetherlands) and of the Medaille Trust. The relationships with the Kinharvie Institute. Champagnat
Schools Ireland, Marist Brothers (Ireland tNetherlands) and the Medaille T￿st do not in any way inhibit
the charity fn)m pursuing its own separate interests.
The Marist Brothers {Gerniany) have supported the charity through allowin8 retired brothers to live
rent-free in properties purchased by them.
Risk Manaoement
The trustees have examined the major risks which the charity faces and have acted to ensure that the
risks are effectively monitored and th¢ir impact Tllitigated as far as possible.
Objective$ and Aetivities
The overriding purpos¢ of the charity 15 to enable the Marist Brothers to conduct religiou5. educational
and other charitable work in Britain and elsewher¢, for the benefit of individu￿S and groups regardless
of Creed, age, sex or any other expression of discrimination. The charity aims to work ¢los¢ly with the
poor and the needy offering care. education. training and support as the ¢i￿UmStanceS require. This
work is conducted in an atmosphere of a¢c¢ptanc¢ and challenge with a view to encouraging the
p¢rsonal development and growth of all with whom we work and serve.
Achievements and Performance
The charity's core services were maintained in 2025. together with the focus on reaching out to the poor
and needy from all sections of the community. A diverse range of national and international
counsellin￿e0￿ChIng, training and support services were conducted and supported and various
opportunities for person&1 and Spiri￿al welfare including workshops and other religious services were
provided. A broad range of groups and individuals in need have been supported. We remain cornmitted
to the sUPPOrt of the provision of fomal and infortnal education in developing ¢Duntries as well as in
Brilain and to the provision of support for the brothers who are retired and infim. Research in
safeguarding matters has ¢ontinu¢d to be a focus, t0￿ether with th¢ d¢v¢lopm¢nt of training and
wor4(shops in this area.

THE MARIST BROTHERS
TRUSTEES, REPORT (Continued)
For tbe Year Ended 31 Decetnber 2025
Financial Review.
The financial statsments are presented on pag¢s six to thirteen. Total funds increased in the year by
£164.063 (2024 - d¢creased £108.147) and the balance on the general fund at 31 December 2025 is
£2.802,178 (2024 - £2,638,11 S). The trustrcs are satisfied with the finat]cial position of the charity and
continue to monitor and review the in¢ome, expenditure and assets of the charity with a view to ensuring
that the Charity's financial affairs are conducted in a prudent and eff¢ctiv¢ manner.
The principa] funding source5 in the year were the ¢ov¢nanted pensions income of individual Marist
brothers and a leg￿Y donation. The principal eXpendi￿re in the year was in respect of the deliv¢ry of
the charitable activities described above.
Res¢tv¢
Policv
It l5 the policy of the charity to maintain unrestricted funds at a level to meet the current and future
activities of the Marist Brothers and to support work which furthers the objectives of the charity. All
of the charity's funds are currently unrestricted and contained in one general fund.
Investment Polic
The trustees have considered the most appropriats policy for investing fvnds and have instructed the
charity's investrnent managers to develop and run a relatively defensive portfolio of fixed interest and
equity stocks suitable for th¢ ¢hartty sector. The investment managers monitor and adjust the portfolio
from time to time in accordance with th¢ir view of the mark¢ts and apprnise the trustees regularly. The
portfolio produced a totsl return (net) in the year of120/0, against a return of 8.6•/0 in the ARC Sterling
Charitie5 Steady Growth Index.
Plans for Future Periods
The ¢are and health ne¢ds of the ageing brothers will continue to be a major focus, and we will review
and adapt on an ongoing basis to meet the particular needs arising. Responding positively to both
formal and illfornial education requests and the provision and suptrtirt of coun5ellinglcoaching, training.
spiritual welfare and other support services will be maintained. Research and training in Safeguarding
will also continue to be a specific focus.
Funds Held as Custodian for Others
From time to time the ¢harity acts as custodian of certain Brothers, personal bank accounts and funds.
Procedures and checks are in pl&ce to safeguard such ftmds and to ensure these are only used for
appropriate purposes.

THE MAIUST BROTHERS
TRUSTEES, REPORT (Continued)
For the Year Ellded 31 December 202S
Tru5tees' Responsibililies in relation to Ihe Financial Stalements
The Trustees are responsible for preparing the Trustees, R¢port and the financial sÉatem¢nts in
accordanc¢ with applicable law and UK Accounting Standards (UK Generally Accepted Accounting
Practice) including FRS102 "The Financial Reporting Standard applicable in the UK and Republi¢ of
Ireland"
The law applicable to charities in Scotland, th¢ Charities and Trustee Investment (Scotland) Act 2005.
Charitie5 A￿ountS (Scotland) Regulations 2006 (as amended) and the provisions of the charity's
constitution. requires the Trustees to prepare financial statements for ¢a¢h financial year which give a
true and fair view of th¢ state of affairs of the charity and of the incoming resources and application of
resources. including the income and expenditure. of the charity for that period. In preparing those
finan¢ial statsments, th¢ Irustees are required to:
select suitable accounting policies and then apply them consislently.
observe the methods and principles in the Charity SORP-
make jLLdgements and estimates that are reasonable and prudent.
state whether appli¢abl¢ accounting standards hav¢ been followed. subject to any material
departures disclosed and explained in the financial statements-
prepare th¢ financial statements on the going concern basis unless it is inappropriate to presume
that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which dis¢los¢ with reasonable
aCcUr￿Y at any time the financial position of the charity and to enable them to ensure that the financial
statements comply with the Charities and Trustee Investment (Scotland) Act 2005. the Charities
Accounts (Scotland) Regulations 2006 (as amended) and the provisions of the charity's Constitution.
They are also resEK)nsible for safeguarding the assets of the charity and bence for taking r¢asonable
Steps for the prevention and detection of fraud or other irregulaTlties.
Approved by order of the board of trustees on 15 July 2026 and signed on its behalf by:
A.R. McEwan (Chairnian)
20 August 2026

THE MARIST BROTHERS
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE MARIST BROTHERS
We report ot] the accounts of the Charity forthe year ended 31 Dec￿nber 2025, whi¢h are set out on
pages6to 13.
Resptctive re5ponsibilitie5 of tru$ttt8 And examiner
The Charity's tn￿te5 are responsible ft>r the preparation of the accounts in ￿(o￿anCe with the teTms
of the Charities and Trustee Investrnent (Scotland) Act 2005 and the Charities Ac¢ounts (Scotlandl
Regulations 2006 {as amended). The Charity's ttustees eonsider that the audit requiremenl of
Regulation 10(1) {a) to {c) of the ?006 A¢¢ounts Regulations does not apply. It is our responsibility to
examin¢ the accounts as r4uired under section 44(1) {cl of the Act and to state wheth¢r particular
matters have come to our attention.
Basis of independent examiner's staÉemeDt
Our ¢xamination is ¢arried out in accoTdan¢e with Regulation I l of the 2006 Accounts Regulations. An
examination includes a review of the accounting records kept by the Charity and a ¢QTllp8rison of the
accounts presented with those re&)rds. li also ineludesconsideration of any un￿￿al items or disclosure5
in the a¢¢ount5 and seeks ¢xplanations from the tNstees concerning any such matter& Th¢ pro¢edures
undertaken do not provide all the evid¢nee that would be required in an audiL and ¢onsequenily we do
not express an audit opinion ot] the view gsven by the accounts.
Ind¢peDdont exMminer's itatsmtnt
In the Course of our examination, no matter has come to ow altention:
which gives us reL8onable cause ¢0 believe that Èn any material reSp￿t the requirements:
to keep ac¢ounting records in a¢¢ordance with Sethion 4411) (a) of the 2005 Act and
Regulation 4 of the 21X)6 Accounts Regulations, and
lo prepare accounts which aceord with the accouDting records and comply with Regulation
8 of the 2(K)6 Accounts R¢gulations
have not been meL or
to which, in ouropinion. attention should be drawn in orderto enable a prowunderstanding
of the accounts to be rvdche(L
John O'Hard
O'Haras Chartered A¢¢ountant
Radleigh House
l Golf Road
Clarkston
Gl&%gow
G76 7HU
,/y/?G

THE MAIUST BROTHERS
sTATE1￿[ENr OF FINANCIAL ACTIVITIES
For the Year Ended 31 December 2025
2025
2024
Nole
Income from:
Donations and legacies
Investments
Other
287295
60J61
20,063
2l7.399
72.839
25,883
Total income
367,719
3l6.l21
Expenditure on:
Raising funds
Charitable activiti¢s
l.lll
(5.683)
(5.678)
(359029) (453,032)
Totsl expenditure
(365512) (458,710)
Net G￿llS l Oosses) on investment assets
l.v, 7
161056
34.442
Nel income l (￿pendIture)
164.063
(108,147)
Other re¢ogllised gains1(lo&ses):
Gainsl(losses) on revaluation of Fixed Assets
1¥4el movemeDI in ￿lld8
164,063 (I08.147)
Recon¢i]iation of fund
Totsl funds brought fornvard
2,638,115
2.746,262
Totsl carried fornrd
2,802,178
2.638,115
All funds are unrestricted.
The Statement of Financial Activities h&% b¢¢n prepared on the basis that all operntions are continuing
op¢ratiODS.
The accompanying notes ar¢ an integral part of these fllwicial stat¢m¢nts.

THE MARIST BROTHERS
BALANCE SHEET
Ag at 31 Deeember, 2025
2025
2024
Note
Fixed assets
Tangible assets- Land and buildings
Investments
l.iv, 10
l.v, 7
697,777
697.777
1,974267 1,808,250
Total fixed A8se18
2,672,044 2,506.027
Current ￿Sets
Debtors
Cash at bank and in hand
li
66,846
77,151
6,099
136,496
Tot21 current as8ets
143997
142.595
Liabilities
Creditors: Amounts falling due within one year
12
{13O63) (10.507)
P4et current ￿ets
130,134
132.088
Total assets le&s current liabilities
2002,178 2,638,115
Net Assets
20112,178 2,638,115
Total ¢harity funds {ullrestrided)
2002,178 2,638.115
All fi￿dS are Unrestricted.
The accompanying notes a￿ On integral part of these fmanciai statem¢nts.
Approved by the Trustees on 15 July. 2026 and signed on their behalf by:
A.R. McEwan (Chairnian)

THE MARIST BROTHERS
NOTES TO THE FINANCIAL STATEMENTS
For the Ye*r Ended 31 December2025
l. Accounting poli¢i¢s
The principal accounting policies are-
Basis of preparntiou
The financial statements are prepared under the historical Cost convention (except in ￿ lation
to the revaluatiOT] of I￿ld and buildings and th¢ incorporation of the Managed Investment
Portfolio at market value) and in a¢cordan¢e with the Charities SORP {FRS102)
'Accounting and Reporting by Charities.. Statement of Recommended Practice appli¢abl¢ to
charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019), Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic
of Ireland,, the Charities and Trust¢e Investment (Scotland) Act 2005 and the
Charities Accounts (Scotland) Regulations 2006 (as amended).
The Marist Brothers chartty is a public benefit entity as defined by FRSIO2.
Going Con¢ern- The Trustees consider annual budgets and management accounts to monitor
the ¢harity. They continue to believe the going conc¢rn basis of a￿O￿nting appropriate in
preparing the financial statements. Ther¢ ar¢ no material uncertainties about the charity's
ability tr> continue as a gotng concern.
Critical accounting judgements and key sources of estimation uncertainty- The preparation of
the financial statements requires management to make judgements. estimates and assumptions
that affeet the amounts reported for assets and liabilities as at the balance sheet date and the
amounts reported for ineotne and expenditure durin8 the year. However. th¢ nature of
¢stimation means that actual outwm¢s Could differ from those estimates. The estimates and
underlying assumptions aTe reviewed on an ongoing basis. Revisions to a¢counting estimates
are recognised in the period in which the estimate is revised if th¢ r¢vision affects only that
period, or in the period of the revision and future periods if ihe revision affects both current
and future periods. No significant judgements have had to be made by mkm&8ement in
preparing these financiaI ststements.
IDeome
All incoming resources ar¢ included when the charity is legally entitled to the resources. it is
probable that th¢ resources will be received. and the monetary value of incoming resources can
b¢ measured with sufficient reliability. No incoming resources are d¢f¢rred.
iii. Expenditure
Liabilities are recognised as expenditure as soon as th¢re is a legal or constructive obligation
cotnmitting the charity to that expendI￿re, it is probable that a transfer of economic benefits
will be required in settlemeni and the amount of the obligation can be measured reliably. All
expenditure is included on an accruals basis and r¢lates directly to charitabl¢ activities except
for the expenditure on raisin¥ funds which is the investment managers, fees.

THE MARtST BROTHERS
NOTES TO THE FINANCIAL STATEMENTS (Continued)
For tbe Year Ended 31 Decetnb¢r 2025
iv. Tangible fixed assets
Land and Buildings are accounted for as tangible fixed assets yath¢r than investment properties
a5 they at¢ held in pursuit of the charity's primary objectives, rather than for their investtnent.
potential. Such assets are initially measured at their historical cost on the Balan¢e Sheet but
then revalued to fair market value. Land and Buildings are not depreciated as they
are valued annually by th¢ trustee5, who consider their residual value to be equal to their
fair value. Any change in value from the previous year is made by way of a revaluation
gainlloss adjustment through the Statement of Financial Activities. In the trustees, opinion.
the use of a policy of revaluation provides mor¢ relevant inforn)ation about the value of such
assets owned by th¢ charity.
Other tangible fiKed assets are written off at the time of purchase and any fiu1her capital
expendithre on the assets is written off when incurred.
Investments
The invesknents of the charity comprise a managed wrtfolio of listed sh8res and securities.
Also, funds are held in short trrni bank deposit l investment accounts. As noted in i. ab)ve.
the Managed Investment Portfolio is included in the Balanc¢ Sheet at market value. The
in¢om¢ from this N)rtfolio is include.d in Investments inc.ome and both realiqe.d And
unrealised gains are included in Net Gainsl(losse5) on investment assets. The investments
asset and the genernl fund in the Balance Sheet are Increas￿ I d¢creased by the Net
investmellt portfolio gains Ilosses and income.
2. Legal status of the charity
Th¢ tharity operat¢s under a Deed of TrusL
3. Donations and legacie8 illcome
This comprises th¢ wvenanted pensions of individual Marist brothers and donations and legacies.
received as follows:
2025
2024
Covenanted income
Donations and legacies
178,608 184,399
I08,687
33,000
287,295 217.399
4. Investmeot income
This comprises interest receivable on Charity bat& accounts and income from the managed
investtnent portfolio &s follows:
2025
2024
Bank in*re5t
Portfolio income (Note 7)
517
59,844
1.306
71,533
60,361
72,839

THE MARtST BROTHERS
NOTES TO THE FINANCIAL STATEMENTS (Continued)
For the Year Ended 31 December 2025
S. Other Income
2025
2024
Gain on sa]e olassets
Sundry Fees
20,063 25,883
20.063
25,883
6. Charitable aetivitio8 expenditure
2025
2024
Communitie￿PrOjCCts
InsuranceslRates
Course fees
Trav¢1
PrOf￿10n&1 Fees
Repairs / Refitsbishment
Other Expenses
200.111 231.212
7,676
7,066
3,255
22,704
14,180
76,217
126,083 124,357
359,829 453,032
7. GaiDS I {losses) oll investment assets
The movements in the managed investment portfolio of listed shares and securities in the p¢riod
were as follows..
2025
2024
Opening Valuation at l January
1.808.250 1,817,953
Funds withdrawn
50,000
i 10,000
Inv¢slm¢nt income (reinvested)
59,844
71,533
Realised losses
Unrealised gains/(losses)
(73,701) (8.436)
235.557
42,879
Total gainsl(losses) in year
161.856
34,442
Raising funds costs..
Investment managers fees
(5.683) {5,678)
Closing Valuation at 31 December
1,974,267 1.808 ?50
8. Taxation
Given the re￿gnised charitable status, no provisioll is considered necessary for taxation.
io

THE MARIST BROTHERS
NOTES TO THE FINANCIAL STATEMENTS (Continued)
For the Year Ended 31 DeceDJber 2025
9. Staff costs
2025
2024
Wages and salari¢s
Social security costs
Pension costs
99,807
4,495
13,130
93.791
7.564
12,497
117.432
113,852
Averdge number of employees
One staff member was paid emolum¢nts above £60,000.
Emoluments of £81.540 (2024- £78,780) and the above pension costs were paid in respect of the
chief executive officer.
No remunerdtion or ¢xpenses were paid to the trustees of the charity.
10. Tallgxble r￿ed assets
As stated in Accounting Policies l.iv, no depr￿latIOn provision is made in respect of Land
d Buildings and other tangible fixed assets are written down to NIL value . This is not in
cordance with generally accepted accounting practice but is considered appropriate in the
contayt of the charity's activities.
ii. Movoment in Land and buildings:
Valuation at 31 December. 2024
Purchases
Disposals
Increase/(d¢¢rea8e) in valuation
£ 697.777
Valuation at 31 December, 2025
£ 697.777
In addition to the Land and Buildings included tn the Balance SheeL the charity owns
properties at Dowanhill St. and Havelock St., Glasgow which are let on long leases to the
charity Kinharvie. These assets have not been included in the Balance Sheet primarily
because their use by the charity is restricted on a long tenn basis and th¢ trustees do not
believe that the cost of valuing them would b¢ wmmensurate with the benefit derived frotn
includin8 them in the Balan¢¢ Sheet.
iv. Land and Buildings are valued annually by the Trustee% based on independent valuatiODS
sought from estate agents and surveyors.

THE MARIST BROTHERS
NOTES TO THE FINANCIAL STATEMENfs (Continued)
For the Year Ended 31 December 2025
11. Debto
2025
2024
Other debtors
66,846 6.099
66.846 6,099
Oth¢r debtors are recognised at th¢ settlement amount due less any impaiment losses
for bad and doubrful debts.
12. Credilors
Amounts falling due within one year..
2025
2024
General creditors
Accrued costs
1,875
11,988
1,592
8.915
13,863
10,507
Creditors and provisions are recognised where the charity has a present obligation resulting from
past event that will probably result in the transfer of funds to a third party and the atnount due to
s¢ttle the obligation can be measured or estimated reliably.
13. Related party traDSaCtiolls.
The charity supported the Kinharvie Institute in the year principally through the lease at a nominal
rent of premtses in Glasgow. An aggregafr contribution of £20,263 (2024- £17.958) was made by
the Charity to Kinharvie Institute in respect of personnevother costs.
Other Income includes £4,989 of sundry servi¢¢s f¢es from Kinharvie Institute. The Marist
Brothers (Gemany) have allowed the use rent-free of retirement properties owned by them.
The charity meets living and m&intsnance costs of all British brothers includin8 those who
trustees. There are no other transactions with trustees.
12