Annual Report - Jesuits in Britain

Transcription

Annual Report - Jesuits in Britain
Annual Report
2011 - 2012
Jesuits in Britain
Contents
Letter from the Provincial
3
Introduction to the Jesuits
4
Our work in Britain - review of 2011-12
8
Strategic objectives for the coming year 24
Finance & administration
26
Provincial Office
114 Mount Street
London W1K 3AH
020 7499 0285
Registered charity nos England & Wales 230165 w Scotland 040490
Cover image newly restored: St Peter’s Church, Stonyhurst
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Annual Report 2011-12
Letter
from the
Provincial
Reflections on 2012
It is a pleasure for me to introduce the annual report for the year 2011-12, my first year as British
Provincial. It has been a colourful and engaging time and has allowed me the unique privilege of
seeing the sweep of our ministry and work over the year. Although there are areas of shadow, the
underlying impression that I carry into the new year is one of consolation.
In recent decades human understanding and science have helped us to see the marvellous interconnectedness of
God’s creation. We have become more aware to the sensitive and crucial eco-systems of life and the universe.
Whereas previously our eyes might have encountered dullness and simplicity in such a thing as a pond or a stone or
a grain of wheat, now we cannot be so glib: all things we know are just fragments of a delicate web of being, where
all parts tie in with, and are dependent on, other seemingly unrelated fragments. In the words of the English Jesuit
poet, Gerard Manley Hopkins, in the world charged with the grandeur of God, “there lives the dearest freshness
deep down things”
This annual report can be viewed in two ways: on one level it is a mundane series of columns and figures, short
reports and photographs. On another level, however, it points to the existence of a complex eco-system of gift
& generosity, challenge & experiment, adventure & failure, growth & death, and joy & sorrow woven together by
the connectedness of the Society of Jesus. Along with our friends, with our co-workers, benefactors and fellowtravellers we have attempted to respond imaginatively to the promptings of God through 400 years of shared
history and enterprise in Britain and abroad.
“Ours is the red… but God’s is the green.”
Our dependence on the Providence of God is total
and all of our of work and best efforts are conditional
on the continuing graces of the Creator and that is a
humbling observation. In a single phrase, looking-out
over the fertile terra rossa clay-soil of ancient Israel,
the rabbi shrewdly encapsulated our lot : “Ours is the
red… but God’s is the green.”
Rev Dermot Preston SJ
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Jesuits in Britain
Introduction to
the Jesuits
The Jesuits are an international religious order of men (The Society of Jesus) within the Catholic
Church. The Order was founded in 1540 by St Ignatius of Loyola and his nine companions.Today
it numbers 18,000 men present in over 100 countries.
Our Mission today is
The Service of Faith and the Promotion of Justice.
Our aims are:
To strengthen faith life in the Roman Catholic tradition
To advance social justice
To nurture the life and work of Jesuits at home and abroad.
We do this through:
Operation of schools and colleges of higher education
Service of parishes
Operation of centres, programmes and publications for spiritual education
Provision of university chaplaincy services
Operation of British branches of Jesuit Refugee Service and Jesuit Missions
Service to marginalized people with support of Jesuit volunteer networks
Training Jesuits and Catholic clergy in Britain and other countries
Provision of care to sick and retired Jesuits.
In the British Province (England, Scotland and Wales) we have 181 men living in twenty communities. They work as
parish priests, chaplains, teachers, academics, writers, doctors, spiritual directors and artists.
We believe that our Catholic mission today includes all of the following dimensions
(ref. SJ General Congregation 34):
The service of faith
The concern for and promotion of justice
Evaluating and entry into cultures
Dialogue with other religious traditions.
www.jesuit.org.uk
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Annual Report 2011-12
Our History in Britain
The Jesuit Order (Society of Jesus) was founded seven years after Henry VIII’s break with Rome.
Europe was in the throes of the Reformation. In the second half of the sixteenth century
Englishmen wishing to become Catholic priests had to train abroad. The English seminary in
Rome was given to the control of the Jesuits in 1579. In 1580 the first formal mission to England
consisted of three men: Robert Parsons, Edmund Campion and Ralph Emerson. By the end of
1581, Campion had been executed and Parsons was back on the continent, never to return to
England, though he continued to promote the English mission.
The history of the Elizabethan
Jesuits is the stuff of legends and
hagiography: clandestine meetings,
priest-holes, raids, escapes from the
Tower of London, imprisonment,
torture and martyrdom. Jesuits
such as Robert Southwell and John
Gerard, strengthened the resolve
of Catholics in England through the
Spiritual Exercises of St Ignatius.
England was established as a Jesuit
Province in 1623. The first half of
the seventeenth century was a
period of excellence for the province. Its institutions
were strong; its theologians more than competent;
its numbers expanding; its first mission to Maryland
was established in 1633. In 1640 there were 350
members of the province, nearly two hundred of
whom worked in England and Wales. The Stuart
dynasty’s sympathy with Catholicism was a cause for
optimism which fluctuated during the English Civil
War and the Popish Plot (1678) and finally died with
the Glorious Revolution and deposition of James II
in 1688. By 1700 the province was weaker, poor,
disheartened, and tied to the fading dreams of the
Jacobite (Catholic Stuart) cause.
In the eighteenth century the Society was on the
defensive worldwide. Old foes such as Gallicans
and Jansenists received aid from Enlightenment
thinkers and centralising secular monarchs in their
battle with Jesuits. Defeat of Jacobite rebellions
in 1715 and 1745 prompted new demands for an
oath of allegiance from Catholics in England, an
oath refused by Jesuits because of its denial of papal
deposing power. Many Catholics conformed or
pronounced the oath. Despite the storm clouds,
the English Province was strong: in 1768 there were
approximately 300 Jesuits, 26 of
whom worked in Maryland and
136 in England.
The Jesuits’ situation in England
after Pope Clement XIV’s brief
of 1773 suppressing the order
was anomalous. The order did
not exist officially in England so it
could not be suppressed by the
secular government. Ironically
relations between secular clergy
and Jesuits were extremely
friendly at the time. In 1803 Pope
Pius VII restored the English Province and 35 exJesuits renewed their vows at Stonyhurst.
Despite some opposition from the English Vicars
Apostolic and the insertion of a clause in the Act of
Catholic Emancipation (1829) that forbade Jesuits and
other religious orders from accepting novices in hope
of their eventual extinction, the province thrived in
the nineteenth century.
Between 1842 and 1905 eight colleges were opened
in Britain and four were founded by British Jesuits in
overseas territories. For the first sixty years of the
twentieth century, education remained the principal
apostolate of the Jesuits in Britain.
Over the last thirty years, the apostolic focus of
the province has changed, the biggest change being
a reduction in the number of Jesuits teaching in
secondary schools. Whilst Jesuits remain active
in contemporary theological work, in spirituality,
scripture and the social apostolate, new initiatives are
also being taken for example in on-line ministry and
university chaplaincy work.
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Jesuits in Britain
Our People
There are 181 Jesuits in Britain as follows:
Priests Brothers
Scholastics *
Total 152
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181 (189 2011)
*Scholastics are Jesuits in training as priests
There are 20 Jesuit communities in Britain
Birmingham
Boscombe (Dorset)
London (10)
Manchester
Oxford
Preston
Rainhill (Knowsley)
Stonyhurst (Lancashire)
St Asaph (Denbigh)
Edinburgh
Glasgow
The British Province has two dependent regions:
Guyana and South Africa.
18 Jesuits work in two communities in the South Africa Region. Their Superior is
Fr David Smolira SJ, 15 Molesey Avenue, Auckland Park, Johannesburg, 2092 South Africa.
21 Jesuits work in three communities in the Guyana Region. Their Superior is
Fr Paul Martin SJ, Arrupe House, 293 Oronoque Street, PO Box 10720, Georgetown,
Guyana, South America.
Employees
The Jesuits in Britain employ over 500 lay people (full time equivalents). This does not
include staff at the schools/colleges which are independent trusts.
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Provincial office 8
Media and publications 4
Jesuit Missions
6
JRS UK
4.5
Jesuit Volunteering 4.5
Spirituality staff at centres
19
Spirituality centres - domestic staff 23
Community houses - domestic staff 12
Schools – academic 252
Schools – domestic and technical staff
170
Total
503
Annual Report 2011-12
Trustees
The following trustees were in
office at 30 September 2011 and
served throughout the year
unless otherwise stated
D Preston SJ (Chairman & Provincial)
S Power SJ
(Treasurer & Secretary)
C Boles SJ
M Bossy SJ
K Fox SJ
P Gallagher SJ
P Hamill SJ
(until 2nd June 2012)
D Howard SJ
M Kirwan SJ
Principal address
Provincial Office
114 Mount St
London W1K 3AH
Auditors
Kingston Smith
60 Goswell Rd
London EC1M 7AD
Main Investment Managers
AXA Framlington Investment Management
155 Bishopsgate
London EC2M 3XJ
Estate Managers
Stanton Mortimer Limited
1a Meal Market
Hexham
Northumberland NE46 1NF
Insurance Brokers
DE Ford
Poppleton Grange
Low Poppleton Lane
York YO26 6GZ
Bankers
HSBC Bank plc
69 Pall Mall
London SW1Y 5EY
Solicitors
Pothecary Witham Weld
70 St George’s Square
London SW1V 3RD
Newton Investment Management Limited
71 Queen Victoria Street
London EC4V 4DR
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Jesuits in Britain
Our work in Britain
Review of 2011/12
Operation of schools and colleges of higher education
The Jesuit Institute
jesuitinstitute.org
The Jesuit Institute is a collaborative endeavour of
Jesuits and laypeople in the UK to provide inspiration,
resources and training in Catholic social teaching,
religious education, philosophy and leadership for
schools. The Institute works with pupils, teachers,
school leaders, parents and governors to achieve the
aim of Jesuit education which is, in the words of St
Ignatius,
The eleven Jesuit schools of the British province work
together better to understand, promote and live out
the vision and spirit of St Ignatius Loyola. The Jesuit
Institute shares resources and good practice from
around the world and creates and commissions new
resources for schools. Other schools, and especially
schools in the Ignatian tradition, are warmly welcome
to participate in the conferences and courses organised
by the Jesuit Institute.
“improvement in living and learning for the greater
glory of God and the common good.”
Jesuit education institutions managed as part of the Trust are:
Campion Hall
campion.ox.ac.uk
Campion Hall is a permanent private hall
of Oxford University. It is home to 25
men of whom 16 are Jesuits. In 2011-12
Campion Hall continued to promote its
main objective to provide a platform for
Jesuit scholarship in the University of
Oxford, at the service of the international
Order, having doctoral students from
four continents. The college welcomes
as students members of other religious
congregations, as well as diocesan priests
and seminarians.
The 2012 Martin D’Arcy Memorial
Lectures were delivered by Revd Dr
(now Professor) Michael Barnes SJ, Revd
Dr John McDade SJ, former Principal
of Heythrop, and Revd Professor John
Langan SJ of Georgetown University.
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Annual Report 2011-12
Donhead, Wimbledon donhead.org.uk
Donhead is an independent
primary school for boys aged
3-11. The Academic Year
2011/12 saw the school expand
to its target figure of 314 pupils.
The spiritual exercise of Examen
was introduced into the school
curriculum from January 2012.
This has proved both extremely
beneficial and is appreciated
by staff and pupils alike. The
Handicapped Children’s
Pilgrimage Trust Group travelled
to Lourdes in Easter Week 2012.
The parents continued their
generous sponsorship of the
school with various social events,
raising sufficient funds for a new
playground for the children.
The new Berchmans Building
Testimonial: My son is so happy at Donhead and seems to be settling in so
well in Reception. The older boys are genuinely so lovely and have made him
feel right at home … Mr McGrath and his team are clearly doing a great job
with all the boys and I’m really happy to leave my son in the mornings in such
a caring environment.
St John’s Beaumont, Windsor stjohnsbeaumont.org.uk
St John’s is a boarding and day preparatory school for boys aged 3-13.
The oldest purpose built preparatory school in the country, founded
in 1888, it combines the rich tradition of Jesuit education with the
very best that modern teaching techniques and technology can offer.
Together with Microsoft, the school is working to build a state of the
art educational programme that will support the teaching and learning
of pupils. The ‘Magis’ programme at St John’s was inspired by the Jesuits’
use of the word as both a beacon and a challenge: What more can I
do for God? What more can I do for others? Each week boys in the
upper school receive a presentation by visiting
speakers. Topics this year have included: Space
exploration (NASA astronaut) Jesuit Missions;
CAFOD; the Queen’s private chaplain, the
British Army and weaponry, Archaeology, Chief
Superintendent (Metropolitan Police), World
War II spies, The Current Global Economic
Crisis.
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Jesuits in Britain
The Trust owns two voluntary aided boys secondary schools. Revenue funding comes
from the DCFS and the relevant local education authority. The Trust has supported
their Governors’ funds. Their properties have been included in the accounts but the
non-property assets, liabilities and transactions of the schools are not included.
Wimbledon College wimbledoncollege.org.uk
Wimbledon College is comprehensive school
for 1300 boys aged 11-18. In 2012 the College
academic performance at GCSE was 57% of
students achieving 5A*-C including English and
Mathematics. 77% achieved 5A*-C not including
English and Mathematics. At A2 66% of
students achieved A*-B and 99% achieved A*-E.
The College offers the Arrupe Volunteering
Award to encourage and celebrate students’
voluntary work. There are three levels of
Award. Bronze (10 hours); Silver (50 hours)
& Gold (100 hours). Volunteering is a way of
fulfiling the idea of being “Men and Women for
others” and “Agents of Change”.
St. Ignatius College Enfield
st-ignatius.enfield.sch.uk
St Ignatius College is comprehensive school for 1200 boys aged 11-18. In 2012 the College’s academic performance
at GCSE was 61% of students achieving 5A*-C including English and Mathematics. 75% achieved 5A*-C not including
English and Mathematics. The Local Authority average is 56%. In the last three years alone the College’s GCSE
results have risen 17.9%. At A2 42% of students achieved A*-B and 98% achieved A*-E.
The College is committed to its links with St Ignatius Prep & Primary School, Dodoma, Tanzania. This link allows
staff and students to go out to Tanzania to work with the students and community in Dodoma. The College’s
work has been recognised and commended by
the Tanzanian government. It is a life changing
experience for all involved and goes to the
heart of our mission to serve others. This
‘Global Schools Partnership’ is being supported
by the British Council and the Department for
International Development.
The College looks forward to the challenge
of building upon this success and nurturing a
community that fosters an understanding of Faith
and the value of Learning.
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Annual Report 2011-12
The process begun in 2009 of creating independent trusts for our
education ministry reached its final stage of this phase in 2011 with the
establishment of the trust for St Aloysius College in Glasgow.
The Jesuit-founded education institutions now managed by independent trusts are
Heythrop College - University of London
heythrop.ac.uk
Heythrop was established in 1614 in Louvain by the Jesuits as a seminary for the study of philosophy and theology.
Now located in
Kensington Square, it
has been part of the
University of London
since 1970. It retains
a modern Catholic
ethos, and offers an
educational experience
that respects all faiths
and perspectives.
As well as undergraduate
and postgraduate degree
programmes, it provides
a resource for faith
communities and others,
especially through the
work of the Centres and
Institutes. College academic staff include 17 Jesuits, with
particular strengths in Abrahamic religions, interfaith
relations, ethics, philosophy of religion and psychology
of religion.
Heythrop is the lead college for the University of
London International Programme’s Bachelor of Divinity
degree and Diploma in Theology.
St Aloysius College, Glasgow
staloysius.org
St Aloysius’ College is an independent
day school for boys and girls, aged 3
to 18. 2011/12 produced an excellent
set of examination results. The Higher
pass rate was 96% and the A rate was
58%. At Advanced Higher the pass rate
was 96% and the A rate was 49%. At
Intermediate 2, the pass rate was 97%
and the A rate 73%. This year saw the
first St Aloysius Duke of Edinburgh
Gold expedition with a trek through the
volcanic landscape of Iceland.
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Jesuits in Britain
Stonyhurst College &
St Mary’s Hall, Lancashire
stonyhurst.ac.uk
Stonyhurst College is an independent boarding and day
school for boys and girls, aged 13 to 18. St Mary’s Hall
is its prep school for pupils from 3-13. In 2012 the A
level pass rate was 100% with 69% achieving A and B.
At GCSE 43% achieved A or A*. This summer a group
of students undertook a mission to the shanty towns of
Pamplona Peru where they worked with the Fraternas
sisters to help build a church with money raised by the
school community.
Mout St Mary’s College
Barlborough Hall
Mount St. Mary’s College &
Barlborough Hall, Derbyshire
msmcollege.co.uk
Mount St Mary’s College is an independent
boarding and day school for boys and girls,
aged 11 to 18. Barlborough Hall is its prep
school for pupils from 3-11. In 2012 A level
A* - B grades are up on 2011 by 8%, with
54% gaining the top grades and 75% of
pupils achieving A* - C, up 12% from 2011.
Both are the highest results in five years. In
GCSEs the school achieved an 80 per cent
pass rate at A* to C grades, up by seven
per cent from 2011.
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Annual Report 2011-12
Service of Parishes
During 2011/12 sixteen parishes were in the care of the Jesuits in Britain.They serve around 6500
people each week drawn from every section of the community. In eight of these, parish properties
are owned by the Jesuits, but with the exception of St Wilfrid’s, Preston, parishes operate under the
umbrella of the relevant diocesan trust and are therefore not included in the accounts.
Full-time services at the following parishes:
Corpus Christi, Boscombe
Parish Priest: Fr Denis Blackledge SJ
Immaculate Conception, Farm Street, Mayfair
Parish Priest: Fr William Pearsall SJ
St Anselm, Southall
Parish Priest - Fr Gerard Mitchell SJ
St Ignatius, Stamford Hill
Parish Priest - Fr Peter Randall SJ
Sacred Heart, Wimbledon
Parish Priest - Fr Keith McMillan SJ
Polish SJ Mission
Parish Priest - Fr Laszek Golebiewski SJ
St Wilfrid’s, Preston
Parish Priest - Fr Joseph Duggan SJ
St Francis Xavier, Liverpool
Parish Priest - Fr Adrian Howell SJ
St Peter’s, Stonyhurst
Parish Priest - Fr Peter Willcocks SJ
Sacred Heart, Edinburgh
Parish Priest - Fr Peter Scally SJ
St Aloysius, Glasgow
Parish Priest - Fr Peter Griffiths SJ
St Mary’s, Nairn
Parish Priest - Fr Francis Barnett SJ
St Lawrence’s, Dingwall
Parish Priest - Fr David Kay SJ
Our Lady of the Rosary & St Columba, Kingussie Parish Priest - Fr Paul Hackett SJ
St Joseph’s, Aberdeen
Parish Priest - Fr Patrick Rice SJ
Holy Cross, Much Hadham, Hertfordshire
Parish Priest - Fr Robert Styles SJ
Nativity play, Sacred Heart,Wimbledon
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Jesuits in Britain
Operation of centres, programmes and publications for
spiritual education
Spirituality centres are places of active formation in Ignatian prayer and discernment. This spirituality emanates
from the Catholic faith background but it is open to all who wish to share in it. The Jesuits in Britain run five centres
for spirituality. Loyal Hall and St Beuno’s are residential centres offering a range of residential courses from three
months to three days. The London and Scotland centres offer non-residential courses and events from full year
courses to short talks.
Loyola Hall, Rainhill
loyolahall.co.uk
Director Ruth Holgate
The Residential Training Courses
attracted higher numbers this
year and the participants give
very positive feedback. The
number of people attending
our programmed retreats has
gone down slightly this year,
but are still good.
International Outreach has
continued to grow. In January
we directed and supervised
a 30 day retreat in Latvia–
the other director was the
Lutheran Archbishop of Riga who trained at Loyola
Hall. A one week supervision course for Spiritual
Directors was given in Norway. Team members have
been to China to direct the 30 day retreat, with other
directors who we trained last year on our course in
Beijing.
We offer events for some marginalized groups who
might not otherwise be able to find a suitable retreat:
e.g. retreats in British sign language for deaf people,
people living with chronic illness, young adults, divorced
and separated people, lesbian, gay and transgendered
people. Bereavement retreats and retreats in
universities for student groups.
As well as hundreds of individuals, many groups have
come to Loyola Hall for both day and residential
events. Day groups include many local parish, deanery
and diocesan groups;Vocations directors; Christian
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Life Community; Methodist groups; Liverpool Anglican
diocesan groups; the Brothers of Charity; Catholic Blind
Society. Loyola Hall hosted residential conferences for
SJ Province Congregation; SJ Schools Chaplains; Jesuit
Institute RC Education Conference; CLC National
Gathering; Charismatic Clergy retreat; RC Chaplains
in higher education conference;Vincentian Volunteers;
Spiritual Exercises Network conference and many
others.
‘I have been meaning to write all week to say
thank you to everyone at Loyola for ensuring that
the guided retreat I came on was everything I could
have hoped for. The building, chapel and garden are,
combined, a beautifully quiet and spiritual haven …’
Annual Report 2011-12
St Beuno’s, St Asaph
beunos.com
Everybody’s retreat will be unique to them but I had some
wonderful experiences during the week, things that will remain
with me forever. ….Vicky
Director Fr David Birchall SJ
The impact of “The Big Silence” first
broadcast two years ago is still being felt.
Many people who tentatively came to St
Beuno’s for a weekend after seeing the TV
programme (including overseas viewers), are
returning for longer retreats. Often these
people have no practice of church-going, yet
find a real help in Ignatian Spirituality. Many
find something in the prayer to which we
introduce them, which they feel they should
have been taught early in life, but which is
not available in most church and school
settings.
“The lessons on meditation with prayer
really opened my eyes to something that I
knew nothing of – why have I lived nearly 60
years and not known this?!” Retreatant
Our core activity remains giving the 30 day. Full Spiritual Exercises. Demand and participation continues to increase.
Next year we will continue initiatives to improve standards through training of visiting retreat directors. Our
financial result for 2011-2012 has been very good because the number of people on retreats has kept up and the
increase in offerings has offset the increase in cost of food and services.
Ignatian Spirituality Centre, Glasgow
iscglasgow.co.uk
Director Fr Tom McGuinness SJ
The ISC in Glasgow city centre has an ecumenical focus. It has continued
to offer a range of day, evening and weekend events, as well as a few longer
courses and retreats. We offer individual spiritual accompaniment and training
to those wishing to become
spiritual directors. Most activity
takes place in the Glasgow
centre but we ran a successful
course for clergy in Edinburgh,
and four residential retreats for
small groups at other centres
e.g. the House of Catholic
Prayer on Iona.
Having lost team members in
2012, we will be consolidating
resources in 2013.
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Jesuits in Britain
Mount Street Jesuit Centre, London
msjc.org.uk
Director Lynne Galloway.
The Spiritual Development programme was expanded by
extending scheduling to earlier slots suitable for nonworking people.
Our Spiritual Direction programme was consolidated
and expanded to create a more organized and
professionalised group of spiritual directors with
defined common aims, codes of practice and ways of
working. In this we are collaborating with other London
spirituality centres.
In Adult Faith Formation, there was development of
programmes of scripture study and appreciation,
improvement of practical ministerial training at various
levels from individual courses in particular pastoral
skills through to a Foundation Degree programme
in pastoral ministry (in conjunction with Heythrop
College). This has been satisfactorily evaluated and is
continuing this year with increased recruitment.
Mount Street Jesuit Centre, Young Adult Ministry
yamsjbritain.btck.co.uk
Director Sr Anouska Robinson-Biggin fcJ
Young Adult Ministries continues to enable young adults aged 18-39 to develop their faith through socials, retreats,
and courses. Special masses for young people are held at Farm St Church on the first and third Sundays of every
month.
Lauriston Jesuit Centre, Edinburgh
lauriston.org.uk
Director Fr Jim Crampsey SJ
The Lauriston Jesuit Centre aims to present issues of
spirituality, social justice and adult faith formation to
the city of Edinburgh and beyond through series of
evening talks with guest speakers.
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Annual Report 2011-12
Media for spiritual and theological education
Pray-as-you-go.org
Producer Ruth Morris
is a 10 minute daily prayer podcast with music designed for download to MP3 players and ipods. It
is downloaded by about 60,000 people per day, about 60% of whom are in the US and Canada, and
15% in the UK.
Thinking Faith - thinkingfaith.org
Editor Fr Roger Dawson SJ
is the Jesuits online journal publishing 100-120 articles per year. It has 3700 subscribers – a number
which continues to increase – around the world, but is open to any visitor to the website. The site
achieves 800 - 1000 visitors per day.
Jesuits and Friends - jesuitsandfriends.org
Editor Fr Dushan Croos SJ
is the Jesuits’ main communication platform in Britain. It is a 24 page magazine produced three times
per year and distributed free to a mailing list of 12,000 individuals plus Jesuit schools, parishes and
centres. It features news from around the province, with a particular focus on the Regions of South
Africa and Guyana. It includes prayer features.
The Way - theway.org.uk
Editor Fr Paul Nicolson SJ
is a paid for spirituality journal produced four times per year for around 1000 subscribers around
the world. These are mainly religious, or working in the service of faith as lay people. About 30% are
in the UK with most of the rest in the USA, Africa and India. The Way also publishes around three
books per year and generates income from distributing its substantial catalogue.
The Heythrop Journal
Editor Fr Patrick Madigan SJ
is a bi-monthly academic review of philosophy and theology published by Wiley Blackwell on behalf
of Heythrop College. Its subscribers are academic institutions and individuals around the world.
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Jesuits in Britain
Provision of university chaplaincy services
The Jesuits in Britain serve three chaplaincies: at Heythrop College (University of London) – an ecumenical
chaplaincy in a Catholic university college, Oxford University Catholic chaplaincy and Manchester University
Catholic chaplaincy.
We also have a young adult ministry based at Farm St Church in London where we hold two special monthly
Masses – First Sunday Plus and Third Sunday.
Heythrop College chaplaincy
heythrop.ac.uk
Heythrop College has a unique religious ethos, which
is nurtured by staff and Chaplains: Fr Dave Stewart SJ
and Fr Rocco Viviano sx. The chaplaincy has a pastoral,
spiritual, prophetic and educational mission. It provides
support to various denominational communities, the
wider Church community and to those of no specific
faith affiliation. Its programme aims to develop human
potential while reflecting on spiritual, moral, social and
political dimensions.
Further objectives are:
to animate the liturgical life of the College enabling others to express and celebrate the experience of Christian living
to arrange retreats, times of prayer and similar activities requested by students and staff or when it would seem appropriate
to support students of other traditions.
Oxford University Catholic chaplaincy
catholic-chaplaincy.org.uk
The Oxford Catholic chaplaincy serves the spiritual
needs of approximately 1600 Catholic students and
has been served by Jesuits since 2007, although the
Jesuit association with the city dates back to the
foundation of St Aloysius Catholic parish in the 1870s.
The Chaplaincy is served by Fr Simon Bishop SJ, Fr
Dushan Croos SJ, Br Andrew Brooke OP, and Alexandra
Harrod.
We welcome students, academics and all those who
may find the Chaplaincy a support on their journey of
faith. The Chaplaincy is a hospitable place, where there
is a sense of common purpose and shared projects.
Special interest groups are supported by and support
the life of the whole community. It is a place where
people can grow in openness to others and learn
respect for companions who may be on faith journeys
different from their own.
18
We believe it is important to promote forms of
spirituality that support a culture of discernment. We
make use in particular of the tradition of St Ignatius of
Loyola and the Spiritual Exercises.
The Chaplaincy fosters informed and intelligent
reflection on the Christian call to service of the poor
and marginalised and which offers opportunity for
encounter with the ‘other’ Oxford and its issues of
asylum, poverty and homelessness.
Manchester University Catholic
chaplaincy
muscc.org
In summer 2012 the Jesuits returned to University
of Manchester Catholic Chaplaincy after a break of
two decades. Fr Tim Byron SJ leads the University’s
Chaplaincy Team and will be supported in 2013 by Br
Ken Vance SJ, Fr William Pearsall SJ and Fr Ian Tomlinson
SJ. The Jesuits were originally invited to Manchester in
the 1860s by Bishop Turner of Salford. Built in 1871,
the Church of the Holy Name of Jesus on Oxford
Road remained the home of the Jesuits until 1992.
They established a Catholic Society for the university
in the 1930s and, in the 1960s, built a chaplaincy for the
Catholic students. After discussions with the current
bishop, Bishop Terence Brain, the Jesuits agreed to
resume their work with the students and staff of the
University and to take over the administration of the
Church of the Holy Name once again.
Ministry to young people has always been core to Jesuit
values. It will be our mission to support the diverse
University community to discover the value of a life of
faith, to develop skills of service, and to discern their
life path.
The work of the chaplaincy in Manchester serves
around 8,000 Catholic students and covers four main
areas of activity.
Annual Report 2011-12
Operation of UK branches of Jesuit Refugee Service and
Jesuit Missions
Jesuit Refugee Service
jrsuk.net
Director Louise Zanre
Chair of Management Committee David Rhys-Jones
In accordance with the JRS International charter, JRS
UK accompanies refugees and forced migrants, serving
them as companions and advocating their cause in an
uncaring world. We have particular concern for those
detained under the immigration rules or who are left
destitute in the UK. This work is carried out in the
spirit of mutual respect, dignity and solidarity with the
refugees. JRS UK has 4 full time and 3 part time staff.
The director is Louise Zanré.
Work with detained refugees
Chaplaincy services at Harmondsworth and Colnbrook
Immigration Removal Centres (IRC) have continued to
be provided by Fr. Harry Elias SJ. Fr James Conway SJ
was accredited as an assistant chaplain in September.
Sr Margaret Baxter SSMN and Sr Anne Elisabeth De
Vuyst SSMN held weekly chaplaincy surgeries. Sr
Margaret also fulfilled weekly chaplaincy duties at
Harmondsworth. As well as essential pastoral support
the chaplains are able to identify particularly vulnerable
detainees and match them up with a volunteer
visitor. Around 30 different Volunteers, trained and
coordinated by Srs Margaret and Anne Elisabeth have
continued to provide a vital service of visiting detainees
without other visitors.
The pen befriender scheme has continued and grown.
There are currently seven volunteer pen befrienders
writing to detainees regularly.
A very successful and valued initiative started this
year is a volunteer liaison officer supporting the often
difficult relationship between detainees and their
legal representatives. The volunteer follows up cases
on behalf of the detainees. This reassures detainees
that someone is actually working on their behalf and
reminds the legal representatives that there are other
advocates interested in their detained clients.
Work with those left destitute by the asylum process
in the UK
The move to the Hurtado Centre in Wapping at the
end of 2011 has offered opportunities previously
limited by lack of space and facilities. The day centre
being located at the same site as our office enables
a more integrated service and has allowed new
partnerships to be developed e.g. with creative projects.
The weekly day centre provides hospitality, friendship
and support for over 100 vulnerable and isolated
people each week. The day centre is run by volunteers
trained and supported by staff. Service users are able
to access small travel grants to attend essential medical
or legal appointments; and packs of basic toiletries. We
provide one to one support sessions for 10-20 people
per week to help them follow up legal appointments or
access medical or other services.
In our Day Centre Plus programme we have partnered
with other groups to provide creative writing
workshops with English PEN and Volunteer Museum
Tour Guide Training with the Wallace Collection. The
setting up of the new computer room has enabled a
social media project led by refugees, which aims to
redress some of the myths around refugees in the UK.
We would like to revive or continue these and similar
projects next year as they make a huge difference to
the lives of our service users.
The Companions Programme, coordinated by Sr
Rosemary Howarth ssnd, has continued with a weekly
prayer group and two special retreat days.
Advocacy work
Over the course of the year JRS UK has been involved
in JRS Europe research project on the effects of the
Dublin Regulation on the detention system due to be
completed in 2013.
Staff members and volunteers have participated in
regular network meetings of, for example, the Asylum
Rights Campaign, Churches Refugee Network,
National Justice and Peace Network, Caritas Social
Action Network and London Citizens.
Staff members, volunteers and service users have
spoken at awareness raising events around the country.
19
Jesuits in Britain
Jesuit Missions
jesuitmissions.org
had a team of 28 runners, including four dressed as
Wombles, and succeeded in raising £62,668.
Director Fr Tim Curtis SJ to August 2012
Paul Chitnis from September 2012
Chair of Management Board
Fr Kevin Fox SJ to December 2011
Fr Roger Dawson SJ from January 2012
Advocacy is an important and growing part of what
we do. In September we played a key role in hosting
the Global Ignatian Advocacy Network group on the
Extractive Industries. Jesuits from around the world
came together to share ideas on working together to
tackle the problems which frequently ensue from the
actions of mining companies.
Jesuit Missions’ role is to foster mutually supportive
partnerships between Jesuit communities in the UK
and those overseas. Our main geographical areas of
work are Guyana, South Africa and Zimbabwe, although
substantial support is given to many other Jesuit
provinces and regions around the world.
We particularly encourage Jesuit schools and parishes
in the UK to become involved to learn from, and be
inspired by, their partners overseas. While financial
support is channeled to partners overseas, the schools
and parishes in the UK partners benefit in many ways
from this exchange especially spiritually as their faith
is challenged and inspired by their brothers and sisters
who are witness to Christian values under very difficult
circumstances. The Companions Programme now has
more than 45 schools in partnerships. A number of
parishes are also developing partnerships. During the
year reciprocal visits have been arranged involving both
staff and students. These visits are crucial as they give
energy to the partnership. British Council funds have
been sought for some of these exchange visits.
The Jesuit Missions Volunteer Programme continues to
be largely placement-led with volunteers serving for 6
to 18 months. This year 9 volunteers have been serving
in India, Tanzania, Malawi, Argentina and Guyana. They
included several professional people (e.g. a doctor, a
social worker, a computer specialist, a maths teacher
and a science teacher). A new initiative has started
in Kyrgyzstan, where 4 volunteers have participated
as leaders at the Summer Camps (including two
Jesuit scholastics). There will be a similar number of
volunteers for the coming year and work will continue
to promote the programme through the Jesuit network
and at universities.
A big part of our work is Mission Support. We
accommodate missionaries from around the world on
their leave and help in arranging medical appointments
and accompanying them to hospital. We are often
requested to source and dispatch essential items for
the mission offices.
The London Marathon continues to be a useful
fundraising activity and awareness raising exercise. We
20
The JM management board made awards totalling
£126,700 to Jesuit works around the globe. The
application process and criteria are described here:
http://www.jesuitmissions.org/grantsprocedure/:
2013 will be a year of further change beginning with a
review of our work.
There have been significant changes in personnel.
Fr Roger Dawson SJ was appointed chair of the
Management Board, replacing Fr Kevin Fox SJ. Christine
Allen also stepped down from the board and we
welcomed two new members, Mrs Sarah Broscombe
and Mr Jerry Hawthorne. Hal Broadbent (Finance
Officer for the Province) and Angela Warren, Head
of Development Education at CAFOD remain as
members. After over five years as Director, Fr Tim
Curtis SJ left in August to return to Guyana.
Water supply for St. Joseph’s Primary School,
Chishawasha, Zimbabwe
£10,000
JRS Southern Africa, Johannesburg
£10,000
West Africa Province
£22,500
East Africa Province
£10,000
Jesuit European Office (OCIPE)
£5,200
Global Ignatian Advocacy Network
£5,000
Chikuni Radio Education Programmes
£7,000
Jesuit Foundation Prison Ministry – Thailand
£5,000
St Peter’s Mbare Primary School Companions’
Programme, Zimbabwe
£3,000
Zimbabwe Province
£14,500
African Jesuit Aids Network
£10,000
Zambia Province
£8,000
Sri Lanka Province
£5,000
Guyana Region
£5,000
The Jesuit Institute, South Africa
£6,500
Annual Report 2011-12
Service to marginalized groups
with support of Jesuit volunteer networks
The Jesuits support three volunteering ministries who work in a structured way to help marginalized
groups in Britain. This is in addition to social justice initiatives carried out by our parish and school
communities.
Jesuit Volunteer Community
jvcbritain.org
Jesuit Volunteers Glasgow
glasgowjesuitvolunteers.org
Director Clare Lewis
Chair of Management Committee Fr Paul Fletcher SJ
Co-ordinator Anne Edwards
2011/12 was the 25th anniversary of the Jesuit
Volunteer Community (JVC) in Britain
JVC offers full time volunteering placements for 11
months to around 15 young people (aged 18-35) each
year. The young people work full time in areas of
great social need in inner cities, they live in community
(currently in Liverpool, Manchester and Birmingham),
lead a simple lifestyle, and regularly reflect on their faith
life (27 days of residential facilitated reflection and 25
sessions of community reflection per participant).
Some statistics for JVC since 1987:
Total number of volunteers
% of these from UK
% of these from EEA
% of these from other countries Those who have followed
religious vocations
Vocations as a % of total
386
55%
36%
9%
19
(+2 still discerning)
approx. 5%
JVC also offers a one month residential summer
programme for 15 student volunteers. Each year
JVC volunteers offer over 21,000 hours of service to
marginalized people.
JVC was independently evaluated in 2011.
Recommendations included the opening of a fourth
community, and the establishment of a non-residential
part-time volunteering programme, as this would make
better use of the permanent staff resource (3 full time).
A part time programme will be piloted in 2012/13.
Jesuit Volunteers Glasgow provide flexible part-time
volunteering opportunities for adults in order to
respond to the increasing struggles of those living
within disadvantaged communities in Glasgow.
We provide a regular opportunity for volunteers to
reflect on their experiences and to make them part of
their developing spirituality and world-view.
We are working with 24 volunteers aged from 18 - 65
years who give on average three hours per week. Most
are recruited through St Aloysius parish. Placements
include St Rollox Church which supports asylum
seekers; PEEK project which supports children living in
an area of deprivation; Emmaus and Salt & Light, two
charities which assist the homeless and destitute. One
volunteer is helping set up a food bank, another is on
the fundraising committee of a hospice.
Jesuit Volunteers London
msjc.org.uk/london-jesuit-volunteers
Co-ordinator Andrea Kelly
For JVL 2011 saw diversification of impact and
opportunity as it became involved in the development
of the new Alberto Hurtado Jesuit community and
centre in Wapping which is also home to JRS UK.
The established programme based at Mount St Jesuit
Centre works with 30 volunteers who give between
two and eight hours per week to service of the poor,
and reflect together monthly in five groups. Most
are in their 30s and are recruited through the MSJC
spiritual programme, the work with young adults and
the parish community.
The initiative in Wapping is first considering local needs
e.g. at the London Hospital, with local families, and the
elderly. Links with JRS, which uses around 50 part-time
volunteers, are strengthening.
21
Jesuits in Britain
Hurtado Jesuit Centre (HJC)
hurtadocentre.org.uk
Jesuiot Volunteering Community
Director Andrea Kelly
The Centre’s mission will be accomplished through
three main areas of work: Social ministry, Ignatian
spirituality and Christian-Muslim relations. In 2011-12
we have built good relationships with local people,
projects, and networks; established our ongoing
apostolic activities (JRS, LJV etc) within this new
context; offered the Centre as a resource to the local
community.
From a parishioner: “Until I came to HJC I had
tended to focus just on my family and the parish –
thinking about the wider community in Wapping is a
new idea for me...”
Dr Hickey Surgery
Fr Paul O’Reilly SJ is a medical doctor in general
practice at the Dr Hickey Surgery which offers services
to homeless people in Westminster most of whom
have problems of alcohol misuse and serious mental
illness. In 2011/12 the medical practice was expanded
in conjunction with NHS Westminster (the local PCT)
to improve services. There has been steady organic
growth in both the numbers of people served this
year (2,437) and the numbers of consultations offered
(22,238).
Nursery rhymes at JVC
Fund for Social Justice (FSJ)
Chair of the Committee Ashleigh Callow
The FSJ Committee assesses applications for grants
to be paid from funds agreed by trustees, within the
overall objectives of the Trust, for Jesuit sponsored
projects particularly concerned with the promotion of
social justice. Grants totaling £19,634 were made to
11 causes.
Work in prisons
Fr Paul O’Reilly SJ and Fr Michael Campbell-Johnston
SJ regularly say Mass in London prisons. Scholastic
Christian Keeley SJ ministers in Brixton prison.
Two scholastics give regular service to London Catholic
Worker community night shelters
22
Annual Report 2011-12
Training Jesuits and
Catholic clergy
in Britain and other countries
Our mission to train priests is fulfilled in the
following ways:

Helping young men on their path to discerning
vocations as Jesuits through our candidates
programme. This year the Vocations Director met
with fifteen enquirers and one man has entered
the novitiate.
Provision of care
to retired Jesuits
The Trust is committed to care for infirm
and elderly members of the order who have
previously covenanted all that they earned
or received back to the trust. We run two
communities which have special facilities for
nursing care:

Corpus Christi Health Centre, Boscombe
(18 men)

Care service at Winckley Square SJ Community,
Preston (7 men)

Operating the North West European Jesuit
novitiate at Birmingham. There were eight
British Province novices studying this year, plus
two from other provinces.

Pre-ordination programme. There were eight
Scholastics from the British Province studying for
first and second degrees.

Post-ordination formation. There were thirteen
priests from the British Province in formation
before final vows.

Formation of Jesuits from around the world.
London is a key centre of worldwide Jesuit
formation. In 2011/12 fifty Jesuits in formation
were studying at Heythrop and other London
education institutions. There were 10 Jesuits
undertaking higher studies and research at
Campion Hall. The costs related to this are shown on p 40
Corpus Christi Health Centre, Boscombe

Financial support to formation in Jesuit Provinces
worldwide. This year a grant of $40,000 was
given to the Jesuit Conference Asian Pacific. See
p 40 of the accounts for a full breakdown.

Financial support for formation of Catholic
priests in Britain. Grants of £300,000 were made
from the Young Priests’ Fund to the Bishops
Conference of England and Wales and to the
Bishops Conference of Scotland to support
training of diocesan priests.
23
Jesuits in Britain
Strategic Objectives
Governance objectives for 2011/12
Objectives set
To carry out a review of risk around the Trust’s
works with the help of the newly appointed
insurance brokers, DE Ford.
Progress
To review the Province Safeguarding Commission
and procedures will be carried out to ensure best
practice is followed.
The Trust is planned to retain its own safeguarding
commission with a search for a new Chair. The
CSAS reorganization of safeguarding for Religious
will affect fees if not our personnel involved.
To implement Development Office recruitment
plans.
The new Development Director, Jane Hellings, is
improving communications and data handling in
preparation for more pro-active fundraising.
To review criteria for the support of overseas Jesuits
in formation in the UK.
From 2012-13 Jesuit students from the African
continent will be selected by a local coordinating
office and any grant funding will have to be applied
for. This is to implement a programme more
sensitive to need and not to ‘first come first served’.
Jesuit Media Initiatives to convene the European
Webmasters Group.
The meeting was held successfully in Sussex in April
2012.
To complete condition surveys for our major
properties and develop plans to implement their
proposals.
The condition surveys were completed and now the
follow-up of implementation has begun.
To review the allocation of our commercial property
investments.
A plan is now in place to re-allocate all commercial
properties owned by TRCP to be sold and put in
property funds thereby mitigating the risk of tenants
going into receivership and rents being compromised.
To embed into the work of the Province the Jesuit
Institute to provide inspiration, resources, support
and training for schools.
The work of the Institute has gathered pace and has
a full programme of support to staff and students in
Jesuit educational establishments.
To review relations with Jesuit schools newly created
as local trusts with a view to ensuring good on-going
communications.
The Director of the Jesuit Institute has instigated a
programme of new training and supervision of our
Jesuit appointed governors.
To establish St Aloysius College as a local trust in
Scotland.
The Trust was established from July 1st 2012.
To develop a new school plan for St John’s
Beaumont.
The school has a business plan and accounting
systems are improved.
24
The risk review on health & safety measures in our
works and communities was plotted out and will be
completed in 2012-13.
Annual Report 2011-12
Strategic Objectives for 2012/13
Province wide
New approach to delivery of spirituality work


Build the Development Office

Review the work of Jesuits in tertiary education and its delivery
Specific Objectives
Build the chaplaincy work in Manchester


Withdraw from staffing the Wimbledon parish

Launch a new Province website and renew a number of websites of the works

Undertake evaluations of JRS, JM and Province Treasurer’s office

Review the London community housing arrangements and to sell the community house in Feltham
In order to enable the Society to fulfil its mission, the constitutions provide that its funds may be built up to
promote and endow its colleges and other works, but permanent endowment is not allowed to its religious
communities whose members have completed formation. Jesuits covenant any income they receive to the Trust; all
salaries, pensions, royalties, personal legacies etc. are therefore used for the works of the Trust. Living costs are met
by the Trust.
Within the Trust, funds are designated inter alia to:
Foundation Fund Found new institutes and work Apostolic Works Fund Promote and subsidise our works
Formation Fund Pay costs of study and training Old Age Fund Provide for the sick and elderly Bellarmine Fund Provide for the work of Heythrop College and
other work in adult theological education
25
Jesuits in Britain
Finance & Administration
Financial Performance
The most notable points arising from the Trust’s
financial results for the year ended 30 September 2012
are as follows:
Total incoming resources have fallen to £37.8m
in the year ended 30 September 2012 from
£42.7m in the previous year, due mainly to the
reduction in exceptional income. Whereas in
2011 there was exceptional income from the
disposal of St Cuthbert’s Gospel (£8.5m), in
2012 there was exceptional income from the
disposal of 19 Belvedere Grove,Wimbledon
(£923k).
Total expenditure amounted to £40.2m for
the year ended 30 September 2012 (2011 :
£47.4m). During the year a transfer of value
(£4m) was made to St Aloysius College as part
of the endowment establishing it as a separate
trust (2011 : £5m). There were no major one-off
grants made in 2012 unlike that made in 2011
to the international missions of the Society
amounting to £5.5m.
Net investment gains of £27.8m in the current
year (2011 : losses £6.4m) were due to the
global upturn in market conditions following the
2011 downturn.
The balance sheet shows a net increase of
£25.3m
The Funds of the Charity
The total funds of £444.5m fall into three categories:
Restricted Funds: £97.1m are donations for particular
projects described in note 20 to the accounts.
Designated Funds: £344m has been designated (set
aside) for other specific purposes as detailed in notes
21 and 22 of the attached accounts.
26
These designated funds generate income for the major
areas of the Trust’s activity: (a) the support of existing
work, (b) the founding of new ones, (c) the spiritual,
pastoral and academic formation of priests and
brothers, and (d) their care in sickness and old age.
Other designated funds are: (e) a provision for
personnel support and training of lay people who have
shown a commitment to the work of the Trust, (f)
the Bellarmine Fund for theological and philosophical
education, especially at Heythrop College; (g) the
residue of the Jesuit Development Fund; (h) any
provision that will be required for the Local Trust
project explained in note 15 below; and (i) the funds
allocated to the running of schools. The trustees judge
that the nature of the Trust’s activity makes such
designation a prudent method of balancing the different
claims on funds.
The Trustees retain the flexibility to respond to
changing needs, but the designations provide useful
categories for financial planning.
Unrestricted Funds: £3.3m are general funds available
to support the work of the Society in the future.
Reserves Policy
The Trustees review the reserves annually with a view
to disposing of surplus funds in accordance with the
Trust deed. The Trustees’ policy has been to hold at
least the equivalent of one quarter of the Central
Funds’ annual expenditure in general funds. For
the year ended 30 September 2012, this equates to
approximately £2.4m. The Trustees are reviewing this
policy in the light of recent demands on funds, and the
fact that present reserves approximate to at least four
months’ expenditure.
Annual Report 2011-12
Grant-making Policy
Ethical Investment Policy
The Trust is not primarily a grant-making trust and the
Trustees do not consider applications from the general
public. Occasional grants are made to organisations
and individuals whose work is aligned with that of the
Society – see especially the reference above to the
Fund for Social Justice. The Trustees’ principal intention,
however, in their use of funds is to support the various
institutions for which the Society is responsible, giving
a financial subsidy from central funds where this is
judged appropriate. The central funds are also available
for the support of members of the Society during
periods of initial or ongoing study and training, and for
the support of those who are retired or infirm. The
Trustees accept a special duty to support the work of
the South Africa and Guyana Regions of the Society of
Jesus.
The investment managers operate within specific
ethical guidelines which are set out and regularly
reviewed by the Trustees. The Trustees are members of
the Church Investors Group and have association with
the Ecumenical Council for Corporate Responsibility
(ECCR) and the Ethical Investment Research Service
(EIRS).
Investment policy
The Trust’s investment portfolio is divided between
listed investments, cash deposits, and investment
properties and had a total market value of £304m
at the year end. Investments have been acquired in
accordance with the powers available to the Trustees.
Within specified guidelines, the investment managers’
objectives are to maximise total return through a
diversified portfolio whilst providing a level of income
advised by the Trustees from time to time. Growth
is achieved through the equity portfolios managed by
Framlington and Newton. The major sources of income
are the bonds, the property and the cash.
Charities consolidated in these accounts
Beaumont Educational Trust
This is a small fund generating bursaries to be applied
in promoting the education of boys and young men
in need of financial assistance in accordance with the
doctrines of the Roman Catholic Church. Preference
is given to those who can claim a connection with the
former Beaumont College. It is a separate charity,
registered no. 309142. Its Trustees are the same as
those of the Trust and the two charities are treated as
a single charity for accounting purposes.
The von Hugel Charity
The von Hugel Charity is for the promotion,
advancement or support of charitable work or works,
at the absolute discretion of the charity’s Trustees, in
the beneficial area (viz. the Roman Catholic parishes of
Boscombe and Iford, in Dorset). It is a separate charity,
registered no. 278966.
The Society of Jesus Charitable Trust (‘The 1990 Trust’)
The equity portfolio is divided between the existing
managers: AXA Framlington Investment Management,
Newton Investment Management and the WHEB Fund.
This is a separate legal entity with its own charity
registration and is not a subsidiary to the 1921 and
1929 Trusts.
Bond holdings are managed by Newton Investment
Management.
Its Trustees are the same as those of the Trust and
the three charities are treated as a single charity for
accounting purposes, in accordance with the uniting
direction mentioned on p 35.
Stanton Mortimer Ltd manages the portfolio of
investment properties. Funds have also been invested
in the Charities Property Fund and a CCLA property
fund.
Connected Charities
St Aloysius Charitable Fund
The purpose of this charity is to provide bursary funds
for the school to which it is related. Independent
accounts are submitted to the Charity Commissions
for this fund.
27
Jesuits in Britain
How we manage
our affairs
The Board of Trustees
The Declaration of Trust dated 20 March 1929 provides
that new Trustees shall be appointed by resolution of
the existing Trustees. The trustees are incorporated
under the Charities Act 1993 as ‘Trustees for Roman
Catholic Purposes Registered’ (TRCPR).
As members of the Society, the Trustees’ living and
personal expenses during the year are borne by the
Trust, but they received no remuneration for services
as Trustees.
The Trustees met six times during the year.
Trustees are chosen for their experience of the works
of the Trust, as described in this report. Given their
considerable knowledge of the works of the Trust, their
induction focuses on the more technical responsibilities
of Trustees. This is achieved primarily by mentoring
within the group, with sessions occasionally given
over to discussion of a particular aspect of Trustee
responsibility – e.g. the Objects of the Trust. Use is
made also of external seminars. The succession of
retirals and appointments is made so as to ensure a
continuing body of experience within the group as a
whole.
Trustees’ responsibilities
Law applicable to charities in England, Wales and
Scotland requires the Trustees to prepare accounts for
each financial year which give a true and fair view of
the Trust’s financial position at the end of the year and
of its financial activities during the year. In preparing
accounts showing a true and fair view, the Trustees:
Committees
Three committees are appointed by the Trustees to
assist in their work:
Finance Committee
The finance committee is set up to advise on the dayto-day financial management of the Treasurer’s office:
Its members during the year under review were:
Br Stephen Power SJ
Dr Henry Broadbent
Fr Kevin Fox SJ
Fr Dermot Preston SJ
Fr Chris Boles SJ
Investments Committee
The Investments Committee gives advice on the
management of the investment portfolios while
upholding the ethical restrictions on our investments.
It has met and reported quarterly during the year.
Its members during the year under review were:
*Br Stephen Power SJ
Mr Richard Brumby
Dr Henry Broadbent
Mr Peter O’Connor
Fr Kevin Fox SJ
Fr Christopher Pedley SJ
Mr James Holt
Mr Nigel Wilson
select suitable accounting policies and then
Safeguarding Commission
make judgements and estimates that are
Mr Patrick Barry
state whether applicable accounting standards
Fr Michael Smith SJ
apply them consistently;
reasonable and prudent;
and statements of recommended practice
have been followed, subject to any departures
disclosed and explained in the accounts;
prepare the accounts on the going concern
basis unless it is inappropriate to presume that
the Trust will continue in operation.
28
The Trustees are responsible for keeping accounting
records which disclose with reasonable accuracy the
financial position of the Trust and which enable them to
ensure that the accounts comply with the Charities Act
1993 and the Charities Act of Scotland 2005. They are
also responsible for safeguarding the assets of the Trust
and for taking reasonable steps for the prevention and
detection of fraud and other irregularities.
The membership of the Commission is as follows:
Mr Kevin Barry
*Fr Brendan Callaghan SJMs Nora Coughlan
Ms Maureen Mulally
The Province Safeguarding Officer is Fr Michael Smith SJ
Annual Report 2011-12
Organisational structure
Risk management
The overall responsibility for activities of the Jesuits
in Great Britain (the British Province of the Society of
Jesus) lies with the Provincial Superior, who is assisted
by his Socius and by the Treasurer, and other central
office staff. The Provincial meets with a group of
Consultors monthly and with Trustees six times per
year.
The Trustees believe that by monitoring reserve levels,
by ensuring the existence of controls over key financial
systems, by taking regular professional advice, by having
in place appropriate insurances and by examining the
operational and business risks faced by the Trust (with
due attention paid to succession planning), they have
established routinely effective systems to mitigate
those risks. The systems are devised both locally and
centrally, according to need. Large institutions such as
schools follow practices recognised by local authorities
or other competent bodies. Centrally, financial
procedures and associated risks have been reviewed
in the current year and a new manual produced. The
Trustees remain proactive in compliance with civil and
ecclesiastical requirements for safeguarding (protection
of children and vulnerable adults). The scope of all
these measures is reviewed annually by the Trustees.
During the year our auditors were reviewed and a
change was effected.
Each Jesuit community is guided by a local superior
who has responsibility for the activities in his locality.
Particular works (schools, retreat centres, etc.) may be
the responsibility of a “Director of Work” appointed
by the Provincial or by a local governing body acting on
the Provincial’s behalf. It is normal for the Provincial to
visit all Jesuit communities and works each year.
Constitution
The Jesuits in Britain are governed by the constitutions
of the Society of Jesus and regulated by Canon Law.
The principal assets of the Jesuits in Britain are held in
the following charitable trusts:
Charity No.
1
Deed poll, dated 1 December
1921 of Society of Jesus Trust
of 1921 for Roman Catholic
Purposes
2
Declaration of Trust, dated
20 March 1929 and subsidiary
deed, dated 3 April 1969
(Jesuit Development Fund)
of Society of Jesus Trust of 1929
for Roman Catholic Purposes
230165
3 Trust deed dated 11 June 1990
establishing ‘The Society of Jesus
Charitable Trust
803659
4
The Society of Jesus (1929) for
Roman Catholic Purposes given
charitable status by the Office
of the Scottish Charity Regulator
(OSCR)
Public benefit
We developed our strategic plans to ensure that we
deliver public benefit and achieve our objectives set out
in the Deeds and Declarations of Trust (listed above
in Organisational Structure – Constitution). The Trustees
confirm that they have complied with the duty of the
Charities Act 2011 and the Charities Act Scotland 2005
to have due regard to the Charity Commission’s and
OSCR’s general guidance on public benefit.
230166
Equal opportunities
SC040490
The Society is committed to maintaining an equal
opportunities policy for recruitment and employment.
It respects the provisions against discrimination laid
down by law and in the Catechism of the Catholic
Church. No person will be discriminated against on
the grounds of disability, age, nationality, racial origins,
gender or marital status allowing for what is justified by
law or by the practices, rites, doctrines or ethos of the
Roman Catholic Church.
Approved by the Board of Trustees and signed on their
behalf by
S Power SJ
Trustee
Date: 26th April, 2013
29
Jesuits in Britain
Report of the independent auditors to the Trustees of The Society of Jesus Trust of
1929 for Roman Catholic Purposes (incorporating The Society of Jesus Trust of 1921
and The Society of Jesus Charitable Trust) (together “the Trust”)
We have audited the financial statements of The Trust
for the year ended 30 September 2012 which comprise
the Statement of Financial Activities, the Balance Sheet,
the Cash Flow Statement and the related notes. The
financial reporting framework that has been applied in
their preparation is applicable law and United Kingdom
Accounting Standards (United Kingdom Generally
Accepted Accounting Practice).
This report is made solely to the charity’s Trustees, as
a body, in accordance with Chapter 3 of Part 8 of the
Charities Act 2011 and in accordance with section 44 (1)
(c ) of the Charities and Trustee Investment (Scotland)
Act 2005. Our audit work has been undertaken for
no purpose other than to draw to the attention of the
charity’s Trustees those matters which we are required to
include in an auditor’s report and for no other purpose.
To the fullest extent permitted by law, we do not accept
or assume responsibility to any party other than the
charity and charity’s Trustees as a body, for our audit
work, for this report, or for the opinion we have formed.
Respective responsibilities of Trustees and independent
auditors
As explained more fully in the Trustees’ Responsibilities
Statement set out on page 4 the Trustees are responsible
for the preparation of financial statements which provide
a true and fair view.
We have been appointed as auditors under section 144, of
the Charities Act 2011 and under section 44 (1)(c) of the
Charities and Trustee Investment (Scotland) Act 2005 and
report to you in accordance with regulations made under
those acts. Our responsibility is to audit and express an
opinion on the financial statements in accordance with
applicable law and International Standards on Auditing
(UK and Ireland). Those standards require us to comply
with the Auditing Practices Board’s Ethical Standards for
Auditors.
We report to you our opinion as to whether the financial
statements give a true and fair view, have been properly
prepared in accordance with United Kingdom Generally
Accepted Accounting Practice and have been prepared in
accordance with the Charities Act 2011, the Charities &
Trustees Investment (Scotland) Act 2005 and Regulation 8
of the Charities Accounts (Scotland) Regulations 2006.
Scope of the audit of the financial statements
An audit involves obtaining evidence about the amounts
and disclosures in the financial statements sufficient to
give reasonable assurance that the financial statements
are free from material misstatement, whether caused by
fraud or error. This includes an assessment of: whether
30
the accounting policies are appropriate to the charity’s
circumstances and have been consistently applied and
adequately disclosed; the reasonableness of significant
accounting estimates made by the Trustees; and the overall
presentation of the financial statements. In addition we
read all the financial and non-financial information in the
Annual Report to identify material inconsistencies with
the audited financial statements. If we become aware of
any apparent material misstatements or inconsistencies
we consider the implications for our report.
Opinion on the financial statements
In our opinion the financial statements:
 give a true and fair view of the state of the charity’s
affairs as at 30 September 2012 and of its incoming
resources and application of resources, including its
income and expenditure, for the year then ended;
 have been properly prepared in accordance with
United Kingdom Generally Accepted Accounting
Practice; and
 have been properly prepared in accordance with
the requirements of the Charities Act 2011, the
Charities and Trustee Investment (Scotland) Act
2005 and regulations 6 and 8 of the Charities
Accounts (Scotland) Regulations 2006 (as
amended).
Matters on which we are required to report by exception
We have nothing to report in respect of the following
matters where the Charities act 2011 and the Charities
Accounts (Scotland) Regulations 2006 (as amended)
requires us to report to you if, in our opinion:
 the information give in the Trustees’ Annual Report
is inconsistent in any material respect with the
financial statements; or
 the charity has not kept sufficient accounting
records; or
 the financial statements are not in agreement with
the accounting records and returns; or
 we have not received all the information and
explanations we require for our audit.
Kingston Smith LLP
Statutory Auditor
60 Goswell Road, London EC1M 7AD
Date: 26th April, 2013
Kingston Smith LLP is eligible to act as an auditor in terms
of section 1212 of the Companies Act 2006
Annual Report 2011-12
Statement of financial activities - Year to 30 September 2012
Unrestricted
Funds
2012
£’000
Note
Restricted
Funds
2012
£’000
Total
2012
£’000
Total
2011
£’000
Incoming Resources
Incoming resources from generated funds
Voluntary income
1
3,552
2,186
5,738
4,699
Investment income and interest receivable
2
8,759
3,316
12,075
11,506
Trading income
3
198
-
198
160
Other activities for generating funds
4
139
88
227
253
5
18,522
22
18,544
17,400
923
-
923
8,534
Activities to generating funds:
Incoming resources from charitable activities:
School fees and similar charges for educational services
Surplus on disposal of fixed assets
148
-
148
137
32,241
5,612
37,853
42,689
1,931
93
2,024
2,057
232
-
232
727
25,013
768
25,781
25,357
859
28
887
774
Care of Infirm & Elderly Members
4,362
1
4,363
5,278
Spirituality Centres
1,687
-
1,687
1,645
622
4,293
4,915
11,017
Other incoming resources
Total Incoming Resources
Resources Expended
Cost of generating funds
6
Charitable activities
7
Pastoral Service
Education/Formation
Relief of Poverty
Work in Mission Territories
Youth, Media & Dialogue Activities
Governance costs
8
Total Resources Expended
Net Incoming/(Outgoing) Resources before
Investment gains/(losses)
9
242
5
247
401
150
-
150
140
35,098
5,188
40,286
47,396
(2,857)
424
(2,433)
(4,707)
Transfers between funds
21
80
(80)
-
-
Net investment gains/(losses)
14
19,806
7,983
27,789
(6,391)
17,029
8,327
25,356
(11,098)
330,305
88,851
419,156
430,254
347,334
97,178
444,512
419,156
Net Movement in Funds
Balance brought forward at 1 October 2011
Balance carried forward at 30 September 2012
All operations are continuing.
31
Jesuits in Britain
Balance sheet - Year to 30 September 2012
Note
2012
£’000
2012
£’000
2011
£’000
2011
£’000
Fixed Assets
Tangible assets
12
91,656
93,611
Investments
14
304,156
276,163
Programme related investment
15
40,676
40,676
436,488
410,450
Current Assets
Stocks
90
99
Debtors
16
2,411
7,212
Short term deposits
17
30,167
28,257
7,407
5,724
40,075
41,292
(25,382)
(19,109)
Cash at bank and in hand
Creditors: Amounts falling due within one year
18
Net Current Assets
Total Assets less Current Liabilities
14,693
22,183
451,181
432,633
(6,669)
(13,477)
444,512
419,156
97,178
88,851
Debtors: Amounts falling due after more than one year
Creditors: Amounts falling due after
more than one year
19
Total Net Assets
Represented by:
Funds and Reserves
Income funds:
Restricted funds
20
Unrestricted funds
21
General fund
Designated funds
22
8,235
6,669
339,099
323,636
347,334
330,305
444,512
419,156
Approved by and authorised for issue and signed on behalf of Trustees for Roman Catholic Purposes Registered:
S Power SJ
Trustee
Approved on: 26th April, 2013
32
Annual Report 2011-12
Cash flow statement - Year to 30 September 2012
Notes
2012
£’000
2011
£’000
Cash Outflow from Operating Activities
A
(1,283)
(26,959)
Returns on Investments and Servicing of Finance
B
12,075
11,506
Capital Expenditure and Financial Investment
B
(1,993)
1,675
8,799
(13,778)
Management of Liquid Resources
B
(1,910)
16,224
Financing
B
(4,793)
(413)
(Decrease) /Increase in Cash
C
2,096
2,033
Notes to the Cash Flow Statement - Year to 30 September 2012
A
Adjustment of Net Incoming/(Outgoing) Resources to Net Cash
Outflow from Operating Activities
Net incoming /(outgoing) resources
Depreciation charge
Impairment charge
Net gain on disposal of tangible fixed assets
Investment income receivable
Decrease in stocks
2012
£’000
2011
£’000
(2,433)
(4,707)
1,729
1,719
938
-
(923)
(8,534)
(12,075)
(11,506)
9
Decrease/(increase) in debtors
4,801
(4,153)
Increase in creditors
6,671
222
(1,283)
(26,959)
Net cash outflow from operating activities
33
Jesuits in Britain
B
Gross Cash Flows
2012
£’000
2011
£’000
12,075
11,506
(1,223)
(2,569)
2,364
11,152
(61,600)
(97,795)
Receipts from the disposal of fixed asset investments
60,466
92,887
Payments to acquire programme related investments
(2,000)
(2,000)
(1,993)
1,675
(1,910)
16,224
(4,793)
(413)
Returns on investments and servicing of finance
Investment income received
Capital expenditure and financial investments
Payments to acquire tangible fixed assets
Receipts from disposal of tangible fixed assets
Payments to acquire fixed asset investments
Management of liquid resources
(Increase)/Decrease in investment in short term deposits
Financing
Movement in loan
C
D
34
Analysis of Changes in Net Funds
At
30 Sept
2012
At
1 October
2011
£’000
Cash
Flows
£’000
Cash at bank and in hand
5,724
1,683
7,407
Bank overdrafts
(502)
413
(89)
5,222
2,096
7,318
Debt due after one year Loans
(5,790)
4,793
(997)
Short term deposits
28,257
1,910
30,167
Total net funds
27,689
8,799
36,488
2012
£’000
2011
£’000
Increase in cash in the period
2,096
2,033
Cash (inflow)/outflow from (increase)/decrease in debt
4,793
413
Cash (outflow)/inflow from (decrease)/increase in liquid
resources
1,910
(16,224)
Change in net funds
8,799
(13,778)
Net funds at 1 October 2011
27,689
41,467
Net funds at 30 September 2012
36,488
27,689
Reconciliation of Net Cash Flow to Movement in Net Funds
£’000
Annual Report 2011-12
Basis of accounting
The accounts have been prepared in accordance with
requirements of the Charities Act 2011 and under
the historical cost convention, with the exception of
investment properties and listed investments, which
are included at market value. Applicable United
Kingdom Accounting Standards and the Statement of
Recommended Practice ‘Accounting and Reporting by
Charities’ (SORP 2005) have been followed in these
accounts.
School fees consist of charges billed by the schools less
bursaries and scholarships payable from unrestricted
funds.
Resources expended
Resources expended comprise the following:
a. The cost of generating funds include the
expenses of the one trading companies,
financing costs, fundraising costs, the fees paid
to investment managers in connection with the
management of the Trust’s listed investments, and
the fees paid to property managers in connection
with the management of the Trust’s investment
properties.
In accordance with the Uniting Direction approved by
the Charity Commissioners on 13 November 2007, the
combined accounts deal with the assets and liabilities,
the incoming resources and resources expended of
The Society of Jesus Trust of 1929 for Roman Catholic
Purposes (incorporating The Society of Jesus Trust of
1921) and the assets and liabilities, incoming resources
and resources expended of The Society of Jesus
Charitable Trust, which have the same Trustees.
Subsidiaries
b. The costs of charitable activities comprise
expenditure on the Trust’s primary charitable
purposes as described in the Trustees’ report.
The main activities are :







The results of the Trust’s trading subsidiaries, as set
out in note 3, are incorporated directly into the Trust’s
accounts.
Scope
The accounts do not include the operating accounts of
parish churches in the charge of the Society of Jesus,
as these are deemed to be managed as part of the
relevant Diocesan Charity. In the same way publicly
funded schools do not form part of these accounts
in terms of their operations. However, the property
assets utilised by such bodies are in the ownership of
the Trust and are therefore reflected within the Trust’s
accounts.
Incoming resources
Education/ Formation
Relief of Poverty
Care of Infirm and Elderly Members
Spirituality Centres
Work in Mission Territories
Youth, Media and Dialogue Activities
Grants in support of Jesuit foundations and
projects are included in the statement of
financial activities when approved and when the
intended recipient has either received the funds
or been informed of the decision to make the
grant and has satisfied all related conditions.
Grants approved but not paid at the end of the
financial year are accrued for. Grants where
the beneficiary has not been informed or has
to meet certain conditions before the grant
is released are not accrued for but are noted
as financial commitments in the notes to the
accounts.
Support costs are apportioned based on the
proportion of direct costs for each category.
Incoming resources are recognised in the period in
which the Trust is entitled to receipt and the amount
can be measured with reasonable certainty. Income is
deferred only when the Trust has to fulfil conditions
before becoming entitled to it or where the donor or
funder has specified that the income is to be expended
in a future accounting period.
Legacies are included in the statement of financial
activities when the Trust is advised by the personal
representative of an estate that payment will be made
or property transferred and the amount involved can
be quantified.
Pastoral Service
c. Governance costs comprise expenditure that is
directly attributable to the necessary procedures
for compliance with constitutional and statutory
requirements.
35
Jesuits in Britain
Foreign currencies
Monetary assets and liabilities in foreign currencies
are translated into sterling at the rates of exchange
ruling at the balance sheet date. Transactions in
foreign currencies are translated into sterling at the
rate of exchange ruling at the date of the transaction.
Exchange differences are taken into account in arriving
at the net movement in funds.
Tangible fixed assets (other than Churches and Schools)
All assets costing more than £2,500 and with an
expected life exceeding one year are capitalised.
 Land and buildings
The book values of the buildings are being
depreciated over 50 years on a straight line
basis; and the land element of the building is not
depreciated.
 Vehicles and equipment
Vehicles and equipment are stated at cost less
a provision for depreciation. Depreciation is
provided on cost over the following periods in
order to write off each asset over its estimated
useful life:
Equipment
Vehicles
4 years
4 years
Churches and schools
The churches have belonged to the Trust for many
years and details of their original cost are not available.
All are functioning churches, and as such are neither
readily marketable nor can be reliably valued. They are
excluded from the balance sheet, as permitted by SORP
2005 paragraph 293.
The Trust also holds works of art, book collections
and religious artefacts which currently serve the work
of the Trust, but which have been excluded from the
balance sheet. A market valuation for such assets is
uncertain and, in any case, available only at an expense
that appears to the Trustees to be out of proportion to
any enhancement of the disclosure properly required in
these accounts.
Investments
Investment properties are revalued at open market
value annually on 30 September by Stanton Mortimer
Limited, Chartered Surveyors. Listed investments are
stated at market value. Market value is obtained by
taking the mid-market price at 30 September.
The charity has adopted a total returns approach
in respect of certain investments so that the cash
withdrawals from specific investments are disclosed as
investment income even though there may be a capital
element to the distribution.
The balance of unrealised gains or losses on revaluation
of other investments and realised gains and losses
arising on disposal of investments are separately
identified in the notes to the Financial Statements and
on the SoFA.
Programme Related Investments
These are shown on the balance sheet at cost. Any gain
or loss arising from disposal or impairment is credited
or charged to the Statement of Financial Activities.
Fund accounting
The restricted funds are monies raised for, and their
use restricted to, a specific purpose, or donations
subject to donor imposed conditions.
The designated funds are monies set aside out of
general funds and designated for specific purposes by
the Trustees.
The general fund comprises those monies which may
be used towards meeting the charitable objectives of
the Society at the discretion of the Trustees.
Pension costs
Contributions to employees’ personal pension schemes
are recognised in the statement of financial activities in
the year in which they are payable to the scheme.
The Trust’s independent schools make contributions
to the Teachers’ Superannuation Scheme, which is
a defined benefit scheme. The scheme is a multiemployer pension scheme and it is not possible to
identify the assets and liabilities of the scheme which
are attributable to the charity. In accordance with
FRS 17 the scheme is accounted for as a defined
contribution scheme and contributions are accounted
for when advised as due by the scheme administrator.
Liquid resources
Liquid resources are represented by short term
deposits which require at least one day’s notice to be
withdrawn without penalty.
Stock
Stock is measured at the lower of cost and net
realisable value.
36
Annual Report 2011-12
1
Voluntary Income
Donations and gifts
Legacies
Covenanted salaries and pensions (see below)
Unrestricted
Funds
£’000
Restricted
Funds
£’000
Total
2012
£’000
Total
2011
£’000
2,751
1,003
3,754
3,167
72
1,171
1,243
702
729
12
741
830
3,552
2,186
5,738
4,699
Covenanted salaries and pensions represent salaries and pensions of members of the Society payable to the
Trust under deeds of covenant or Gift Aid declarations.
2
Investment Income and Interest Receivable
Total
2012
£’000
Total
2011
£’000
2,978
3,105
2,056
1,774
692
725
1,255
910
981
949
7,962
7,463
709
1,086
3,404
2,957
12,075
11,506
Listed investments
Fixed interest stock
Equities
UK
Europe
North America
Other
Interest receivable
Rental income
Investment income is earned on an accruals basis except in the case of certain investments where the total
returns policy has been adopted as noted in the investments accounting policy on page 41.
All rental income is generated from investment properties within the United Kingdom and all interest is
from United Kingdom loans and deposits.
37
Jesuits in Britain
3
Trading subsidiaries
The Trust has one wholly owned trading subsidiary which is incorporated in Great Britain. This company
exist principally to hire out the leisure and conference facilities at its school. A summary of its trading
results is shown below. Audited accounts have been filed with the Registrar of Companies.
St John’s
Beaumont
Developments
Limited
£’000
Total
2012
£’000
Total
2011
£’000
Turnover
198
198
160
Cost of sales
(40)
(40)
(65)
Gross profit
158
158
95
(123)
(123)
-
-
(101)
35
35
(6)
Net assets/(liabilities) at 30 September 2012
-
-
-
Other Activities for Generating Funds
Unrestricted
Funds
£’000
Restricted
Funds
£’000
Total
2012
£’000
Total
2011
£’000
20
49
69
63
-
-
-
-
Sale of publications
68
39
107
118
Lettings of functional properties
48
-
48
31
Gain on foreign exchange
-
-
-
-
Miscellaneous
3
-
3
41
139
88
227
253
Unrestricted
Funds
£’000
Restricted
Funds
£’000
Total
2012
£’000
Total
2011
£’000
Gross school fees receivable
19,369
22
19,391
18,179
Less: Total bursaries, grants and allocations
(1,343)
-
(1,343)
(1,236)
Net school fees receivable
18,026
22
18,048
16,943
496
-
496
457
18,522
22
18,544
17,400
Administrative costs
Other income/(expense)
Net profit
4
Fund-raising appeals
Insurance commissions
5
School Fees and Similar Charges for
Educational Services
School activities and trips
38
Annual Report 2011-12
6
Cost of Generating Funds
Unrestricted
Funds
£’000
Restricted
Funds
£’000
Total
2012
£’000
Total
2011
£’000
Trading expenses
203
58
261
262
Financing costs
323
15
338
385
Estate management fees
276
-
276
243
1,006
-
1,006
993
123
20
143
174
1,931
93
2,024
2,057
Direct Costs
£’000
Grants
£’000
Support
Costs
£’000
Total
2012
£’000
Total
2011
£’000
-
10
222
232
727
9,795
2,119
13,868
25,781
25,357
43
366
478
887
774
-
-
4,363
4,363
5,278
809
-
878
1,687
1,645
-
3,972
943
4,915
11,017
24
40
183
247
401
10,671
6,506
20,935
38,112
45,199
note 7b
note 7a
General
Premises
Other
Total
Total
Administration
£’000
£’000
2012
2011
£’000
£’000
Investment management fees
Fundraising costs
7
Charitable Activities
Pastoral Service
Education/Formation
Relief of Poverty
Care of Infirm & Elderly Members
Spirituality Centres
Work in Mission Territories
Youth, Media & Dialogue Activities
7a Support costs
£’000
Pastoral Service
51
157
14
222
116
2,686
4,115
7,067
13,868
13,469
307
69
102
478
355
1,120
302
2,941
4,363
5,278
Spirituality Centres
141
355
382
878
960
Work in Mission Territories
327
594
22
943
3,464
Youth, Media & Dialogue Activities
183
-
-
183
263
4,815
5,592
10,528
20,935
23,905
Education/Formation
Relief of Poverty
Care of Infirm & Elderly Members
General Administration include costs which are incurred directly in undertaking the activity. Central costs
(5%) which are not separately identifiable as belonging to a particular activity are allocated on a pro rata
basis to total activity costs. Premises costs include building maintenance, insurance, utilities and depreciation.
Costs relating to common buildings (6%) are allocated on a pro rata basis to total activity costs. Other Costs
include Welfare, Catering and Other Costs. These costs are allocated directly to the activities in which they
relate. Common costs (24%) which are not separately identifiable as belonging to a particular activity are
allocated on a pro rata basis to total activity costs.
39
Jesuits in Britain
7b
Charitable Activities (Continued)
Grants
Grants are made mainly to Foundations and Works connected with the Society of Jesus.
Recipient Pastoral Service
£
Sacred Heart Church, Bournemouth
5,000
Oxford Chaplaincy
5,000
£
10,000
Education/Formation
Heythrop College
527,990
Worldwide Society of Jesus
300,000
Catholic Trust for England & Wales
200,000
Sri Lanka Province, Society of Jesus
116,452
Bishops’ Conference, Scotland
100,000
St Ignatius College, Enfield
100,000
East Africa Province, Society of Jesus
92,308
Korea Province Society of Jesus
46,008
Karnataka Province Society of Jesus
45,812
Vietnam Province, Society of Jesus
41,416
Philippines Province, Society of Jesus
39,824
Zambia-Malawi Province, Society of Jesus
34,144
North Polish Province, Society of Jesus
25,686
Near East Province, Society of Jesus
23,400
Kerala Province, Society of Jesus
21,394
Peru Province, Society of Jesus
21,116
West Africa Province, Society of Jesus
20,700
Ranchi Province, Society of Jesus
15,281
Mozambique Province, Society of Jesus
11,300
Brazil Province, Society of Jesus
11,165
Zimbabwe Province, Society of Jesus
10,968
Andhra Province, Society of Jesus
10,382
Delhi Province, Society of Jesus
10,068
South Polan Province, Society of Jesus
9,920
Madurai Province, Society of Jesus
8,614
Madagascar Province, Society of Jesus
8,451
Lithuania Province, Society of Jesus
5,304
Domus Interprovince, Society of Jesus
4,200
Guyana Region, Society of Jesus
3,375
Slovakia Province, Society of Jesus
2,729
Calcutta Province, Society of Jesus
2,097
Portugal Province, Society of Jesus
1,268
Dumka Region, Society of Jesus
839
Ecuador Province, Society of Jesus
839
Rwanda-Burundi Region, Society of Jesus
838
Columbia Province, Society of Jesus
524
Darjeeling Province, Society of Jesus
419
1,874,831
Grants to c100 individuals (school grants & allowances)
243,851
2,118,682
Carried forward
40
2,128,682
Annual Report 2011-12
7b
Charitable Activities (Continued)
£
Brought forward
£
2,128,682
Relief of poverty
Progressio ‘Waterproof Campaign’
CAFOD
5,000
750
5,750
Grants to 30 projects
360,577
366,327
Work in Mission Territories
Zimbabwe Province Society of Jesus
2,116,926
Jesuit Missions-grants overseas
699,229
Guyana Region, Society of Jesus
372,298
Harare Archdiocese
330,000
South Africa Region
303,294
Jesuit Fathers, Society of Jesus
150,000
3,971,747
Youth, Media & Dialogue Activities
Funds for Social Justice UK
19,635
Human Diginity Conference
10,000
Young Christian Workers
5,000
Invocation Conference
5,000
39,635
6,506,391
Summary
Pastoral Service
Education/Formation
Relief of Poverty
Work in Mission Territories
Youth, Media & Dialogue Activities
10,000
2,118,682
366,327
3,971,747
39,635
6,506,391
41
Jesuits in Britain
8
9
Governance Costs
Unrestricted
Funds
£’000
Restricted
Funds
£’000
Total
2012
£’000
Total
2011
£’000
Fees to auditors
62
-
62
64
Trustees’ meeting expenses
80
-
80
68
Trustees’ liability insurance
8
-
8
8
150
-
150
140
Total
2012
£’000
Total
2011
£’000
Trust auditors
35
34
Other auditors
27
30
22
19
1,729
1,719
Total
2012
£’000
Total
2011
£’000
11,706
11,295
958
914
1,054
1,058
13,718
13,267
2012
Number
2011
Number
Teaching staff
252
247
Administration and domestic staff
251
207
Total
503
454
Net Incoming/(Outgoing) Resources for the year before Investment Gains
This is stated after charging:
Auditors’ remuneration (excluding VAT)
Audit fees
Other fees (Trust and other auditors)
Depreciation (note 12)
10
Staff Costs and Trustees’ Remuneration
Wages and salaries
Social security costs
Pension contributions
The average number of employees in the year was 454 (2011 - 454).
The number of employees who earned £60,000 per annum or more (including taxable benefits but excluding employer’s pension
contributions) during the year was as follows:
42
2012
2011
£60,001 - £70,000
6
9
£70,001 - £80,000
1
1
£80,001 - £90,000
1
-
£90,001 - £100,000
-
-
Over £100,000
1
1
Annual Report 2011-12
Contributions are made to the Teachers’ Superannuation Scheme, a defined benefit scheme, in respect of all
of the above employees earning in excess of £60,000 per annum
(as defined above).
As members of the Society, the trustees’ living and personal expenses during the year were borne by the
Trust, but they received no remuneration for services as trustees.
With authority from the Charity Commission, the Trust has purchased insurance to protect the Trust from
any loss arising from the neglect or defaults of its trustees, employees and agents and to indemnify the
trustees or other officers against the consequences of any neglect or default on their part. The insurance
premium paid by the charity during the year totalled £7,926 (2011 - £6,589) and provides cover of up to a
maximum of £1 million (2011 - £1 million).
11 Taxation
The 1921 and 1929 Trusts of the Society of Jesus in Great Britain and the Society of Jesus Charitable Trust
are registered charities and are not liable for income tax or capital gains tax on income and gains derived
from their charitable activities, as they fall within the various exemptions available to registered charities.
12
Tangible Fixed Assets
Freehold
Functional
Land and
Buildings
£’000
Vehicles
and
Equipment
£’000
Total
£’000
103,833
1,959
105,792
Additions at cost
939
284
1,223
Transferred from investment properties
930
-
930
(1,566)
(57)
(1,623)
104,136
2,186
106,322
10,927
1,254
12,181
Charge for the year
1,500
229
1,729
Disposals
(126)
(56)
(182)
938
-
938
13,239
1,427
14,666
At 30 September 2012
90,897
759
91,656
At 30 September 2011
92,906
705
93,611
At Cost or Valuation
At 30 September 2011
Disposals
At 30 September 2012
Depreciation
At 30 September 2011
Impairment
At 30 September 2012
Net Book Value
43
Jesuits in Britain
The Trustees believe that the carrying value of the freehold land and buildings at 30 September 2012 is an
accurate reflection of the current value of the assets. A full valuation of freehold property assets (excluding
heritage assets) was undertaken by Stanton Mortimer providing a valuation as at 30 September 2001 on the
basis of depreciated replacement cost. During the year, the Trustees reviewed this valuation and considered
it to be still appropriate.
Historic costs of all of the properties are not readily available. Where not available, historic costs have been
taken as nil for the purposes of calculating the gains shown in note 23.
All other assets are stated at cost less a provision for depreciation.
In 2010 a contract for sale was signed for the Maresfield Property for £3,350,000. The completion of
the sale is dependent on a number of conditions which have still yet to be met, therefore the sale of this
property is not recognised in 2012 financial statements.
The impairment charge is as a result of the revised valuation by Ryden, Property Consultants and Surveyors
at March 2011 of the Heritage Property owned by St Aloysius College.
13
Churches and schools
The Trust is the legal owner of the following properties which as permitted by SORP 2005 and explained
below, are not valued for the purposes of these accounts.
Boscombe: Corpus Christi Church
Edinburgh: Sacred Heart Church
London: Farm Street Church
Manchester: Holy Name Church
Preston: St Wilfrid’s Church, with Presbytery and Parish Hall
Stamford Hill, London: St Ignatius Church
Wimbledon, London: Sacred Heart Church
Sheffield: Church of the Immaculate Conception (Spinkhill)
The churches have belonged to the Trust for many years and details of their original cost are not available.
All are functioning churches, and as such are neither readily marketable nor can be reliably valued. They are
excluded from the balance sheet, as permitted by SORP 2005 paragraph 293.
The Trust also holds works of art, book collections, and religious artefacts which currently serve the work
of the Trust, but which have been excluded from the balance sheet. A market valuation for such assets is
uncertain and, in any case, available only at an expense that appears to the Trustees to be out of proportion
to any enhancement of the disclosure properly required in these accounts.
44
Annual Report 2011-12
14
Investments
Total
2012
£’000
Total
2011
£’000
Market value at 1 October 2011
276,163
277,646
Less: Disposal proceeds
(60,466)
(92,887)
61,600
97,795
(930)
-
27,789
(6,391)
304,156
276,163
252,698
218,097
3,644
6,823
47,814
51,243
304,156
276,163
236,865
247,848
56,620
53,238
UK
86,260
71,162
Europe
26,869
24,181
North America
51,379
40,699
Other
31,570
28,817
196,078
164,859
252,698
218,097
Total
2012
£’000
Total
2011
£’000
40,676
40,676
Add: Additions at cost
Transferred to tangible fixed assets
Net investment gains/(losses)
Market value at 30 September 2012
Investments held at 30 September 2012 comprised the following:
Listed investments
Cash balances held by investment managers
UK Investment properties
Historic cost of investments at 30 September 2012
Analysis of listed investments
Fixed interest
Equities
Market value of listed investments at 30 September 2012
15
Programme related investment
Heythrop College
Heythrop College
Heythrop College was purchased by The Society of Jesus Trust of 1929 for Roman Catholic Purposes in
February 2009 to provide a higher educational centre in Kensington, London for the promotion of the
Roman Catholic faith.
No income is to be generated through the purchase of the College and no rent is charged to Heythrop
College.
45
Jesuits in Britain
16
Debtors: Amounts falling due within one year
Total
2012
£’000
Total
2011
£’000
483
608
1,132
634
Prepayments and accrued income
121
163
Loans
300
2,509
Other debtors
375
3,298
2,411
7,212
School fees and similar charges for educational services
Accrued investment income
Included in other debtors is £57,000 relating to rental income not due until after more than one year.
Included in loans is £21,500 relating to a loan to Old Wimbledon Association not due until after more than
one year.
17
Short Term Deposits
Total
2012
£’000
Total
2011
£’000
30,167
28,257
Total
2012
£’000
Total
2011
£’000
89
502
Non bank loans
100
100
School fees and similar charges for educational services received in advance
865
791
Taxation and social security
118
112
Held on behalf of Communities, Missions and Projects external to the British Province of
the Society of Jesus
9,510
11,830
Grants committed
1,090
1,684
Deferred creditor relating to Heythrop College
2,000
2,000
11,610
2,090
25,382
19,109
Total
2012
£’000
Total
2011
£’000
Due within two to five years
437
2,948
Due after more than five years
560
2,842
997
5,790
172
180
5,500
7,500
Fixed term deposits
18
Creditors: Amounts falling due within one year
Bank overdrafts & loans
Expense creditors, accruals and other
19
Creditors: Amounts falling due after more than one year
Bank loan (see below)
School fees and similar charges for educational services received in advance
Deferred creditor relating to Heythorp College
Deferred Grants
7
6,669
46
13,477
Annual Report 2011-12
The bank loan at St John’s Beaumont has been secured by a negative pledge over the freehold property
known as St John’s Beaumont given by the Trustees for Roman Catholic Purposes. The unsecured loan is
interest free and repayable at one month’s notice.
Donhead School has two HSBC bank loans. Loan one for the new building programme is repayable over 10
years at 1% above base rate. The terms of the repayments are interest only for the first two years and the
whole amount to be repaid within the remaining eight years. The amounts remaining due after four years
is expected to be £250,000. A guarantee for £240,000 has been given by the Trustees for Roman Catholic
Purposes Registered. A second loan was taken out in the year for £800,000 at 2% above base rate. The
liabilities is expected to be £240,000 over the next 5 years, with £560,000 due after 5 years.
Heythrop College was purchased in February 2009. £27.176m was paid in cash at the completion date. A
further £10m is payable over a period of 5 years in £2m instalments with the first payment due in December
2009. At 30 September 2012, £7.5m was payable, £2m due within one year (shown in deferred creditorsamounts falling due within one year) and £2m is payable with 2 - 5 years (shown in deferred creditoramounts falling due over one year). Interest at 3.5% per annum will be charged on these amounts, totalling
£1,540,000 of interest payable. This will be included in the accounts when due.
A further amount of £3.5m is also payable as part of the purchase price. This is included as deferred
creditors– amounts falling due after more than one year. This relates to the payment for St Catherine’s
House and is due when the current occupiers vacate the premises.
20
Restricted Funds
Expenditure
£’000
Transfers
between
funds
£’000
At 30
September
2012
£’000
13
-
-
216
335
798
(372)
60
9,477
7,666
370
701
(330)
-
8,407
Missions Funds
1,912
2,207
-
(1,252)
(140)
2,727
South Africa
8,040
313
749
(213)
-
8,889
23
9
-
(19)
-
13
5
-
-
-
-
5
Young Priests (Osterley)
34,911
1,337
3,180
(885)
-
38,543
Zimbabwe
27,441
1,035
2,542
(2,117)
-
28,901
88,851
5,612
7,983
(5,188)
(80)
97,178
At
1 October
2011
£’000
Incoming
Resources
£’000
Gains/
(Losses)
£’000
197
6
Guyana
8,656
Harare
Beaumont Educational Trust
Restricted Donors
Von Hugel
Restricted funds are subject to specific conditions imposed by the donors.

Beaumont Educational Trust exists to provide financial assistance for the education of boys and young
men, especially those who have a connection with the former Beaumont College, a Jesuit establishment.
It is a separate charity, registered no. 309142, the trustees of which are Trustees for Roman Catholic
Purposes Registered.

Guyana fund exists to support the Guyana Region of the Society of Jesus and works with which the
Region is associated, or which it supports, for the purposes of education, the relief of poverty and the
promotion of religion.

Harare fund exists to support the Roman Catholic archdiocese of Harare in Zimbabwe and works with
which the archdiocese is associated, or which it supports, for the purposes of education, the relief of
poverty and the promotion of religion.
47
Jesuits in Britain
21

Jesuit Missions promotes missionary works in overseas countries by making grants to Christian
missions, especially those of the Society of Jesus.

South Africa fund exists to support the South African Region of the Society of Jesus and works with
which the Region is associated, or which it supports, for the purposes of education, the relief of poverty
and the promotion of religion.

Von Hugel fund exists for the advancement of the Roman Catholic religion in the area of the Roman
Catholic parishes of Boscombe and Iford near Bournemouth. It is a separate charity, registered no.
278966, the trustees of which are Trustees for Roman Catholic Purposes Registered.

Young Priests (Osterley) fund exists to encourage and support candidates for priesthood in the Roman
Catholic priesthood.

Zimbabwe fund exists to support the Zimbabwe Province of the Society of Jesus and works with which
that Province is associated, or which it supports, for the purposes of education, the relief of poverty
and the promotion of religion.

The transfer between restricted fund and designated funds represents investment income and pensions
received by the Province on their behalf and transferred to Guyana Province (£60,000). The transfer in
Missions Funds (£140,000) relates to contributions made by various Works to the Schools.
Unrestricted Funds
General funds
Designated funds (note 22)
22
Expenditure
£’000
Transfers
between
Funds
At
30 Sept.
2012
£’000
2,886
(3,233)
-
8,235
30,328
16,920
(31,865)
80
339,099
32,241
19,806
(35,098)
80
347,334
At
30 Sept.
2012
£’000
At
1 Oct.
2011
£’000
Incoming
Resources
£’000
Gains/
(Losses)
£’000
6,669
1,913
323,636
330,305
Designated Funds
Included within the unrestricted funds are designated funds totalling £344,059.
These are amounts which have been set aside for specific purposes by the trustees and are as follows:
At
1 Oct.
2011
£’000
Incoming
Resources
£’000
Gains/
(Losses)
£’000
Expenditure
£’000
Transfers
between
Funds
£’000
Foundations
36,742
196
2,647
(3,530)
(933)
35,122
Apostolic Works
75,113
2,754
2,732
(2,240)
-
78,359
Formation
81,654
2,689
9,062
(1,685)
-
91,720
Old Age
50,590
2,397
4,065
(2,257)
(60)
54,735
5,331
197
463
(188)
-
5,803
43,803
795
441
(663)
-
44,376
Jesuit Development
502
50
33
(10)
-
575
Jesuit Communities
18,089
-
-
(262)
-
17,827
Local Trusts
2,733
18
5
(497)
-
2,259
Sundry educational funds
7,864
19,951
-
(19,632)
140
8,323
Society of Jesus Charitable
Trust (1990 Trust)
1,215
1,281
(2,528)
(901)
933
-
323,636
30,328
16,920
(31,865)
80
339,099
Personnel Support & Training
Bellarmine Fund
48
Annual Report 2011-12
23

The Foundations fund represents the net assets designated for use by the Society’s various schools and
other foundations, including the net book value of freehold land and buildings. Without the properties
the Society would be unable to fulfil many of its charitable objectives. The value of the properties is
not readily realisable and freehold land and buildings have therefore been set aside by the Trustees in a
designated fund.




The Apostolic Works fund is used to promote and support the works of the Society.

The Bellarmine Fund subsumes the previous Heythrop Fund; the Trustees designate this fund primarily
for the support of Heythrop College, but the fund is not designated solely for that purpose.

The Jesuit Development fund receives a small number of covenanted donations for various projects of
the Society.

Local Trusts fund has been established to provide for the intended endowment of two independent
schools.


Sundry educational funds are used to assist the payment of school expenses.
The Formation fund exists for the education and training of members of the Society.
The Old Age fund is for the care of the elderly and sick members of the Society.
The Personnel Support & Training fund exists to develop and train lay people who have shown
commitment to the work of the Trust, especially in Ignatian formation.
The Society of Jesus Charitable Trust fund exists to further the promotion of charitable work for the
time being carried out by the Society of Jesus. This usually consists of making grants for the promotion
of religion and educational purposes. The transfer of designated funds to the Foundations fund in the
year represent movement in the valuation of the properties in the year.
Analysis of Net Assets between Funds
Unrestricted Funds
General
Fund
£’000
Designated
Funds
£’000
Restricted
Funds
£’000
Total
2012
£’000
Tangible fixed assets
-
91,470
186
91,656
Investments
-
248,123
96,709
344,832
8,235
6,176
282
14,693
-
(6,669)
-
(6,669)
8,235
339,100
97,177
444,512
Fund balances at 30 September 2012
are represented by:
Net current assets
Creditors: amounts falling due after
more than one year
Total net assets
24
Pension commitments
Retirement benefits for academic employees of the Trust are provided by defined benefit schemes which
are funded by contributions from the Society’s schools and the employees to the Teachers’ Superannuation
Scheme and the Scottish Teachers’ Superannuation Scheme. In some cases contributions are made to
personal pension schemes.
Contributions to the defined benefit schemes are charged in the Statement of Financial Activities so as to
spread the cost of the pensions over the employees’ working lives with the schools.
49
Jesuits in Britain
Under the definitions set out in Financial Reporting Standard 17, Retirement Benefits, both defined benefit
schemes are classed as multi-employer pension schemes. The Trust is unable to identify its share of the
underlying assets and liabilities of the schemes. Accordingly, the Trust has taken advantage of the exemption
in FRS 17 and has accounted for its contributions to the schemes as if they were defined contribution
schemes.
Both the Teachers’ Superannuation Scheme and the Scottish Teachers’ Superannuation Scheme are statutory,
contributory, final salary schemes administered by the Teachers’ Pensions Agency (TPA) and the Scottish
Teachers’ Superannuation Scheme (STSS) respectively. Under the schemes, which are unfunded schemes,
contributions are credited to the Exchequer under arrangements governed by the Superannuation Act
1972. The schemes record contributions to notional funds which are deemed to be invested in Government
securities.
On 4 July 2012 the Chief Secretary to the Treasury confirmed that the Government will be taking forward
legislation based on the reformed scheme design for the Teachers’ Pension Scheme to be introduced in
2015 as set out in the Teachers’ Pension Scheme – Proposed Final Agreement (‘the TPS agreement). The TPS
agreement sets out the main parameters for both the provision of future benefits and the structuring of the
future contributions to the TPS including the basis for increasing average employee contribution rates up to
2015.
Under the TPS Agreement, employer contribution rates from 1 April 2012 are continuing at 14.1% with
employee rates varying between 6.4% and 8.8%. For subsequent years, data and information is being collated
to inform a Government review of the tiering structures in advance of the Department for Education
consulting on contribution increases for 2013/14 onwards.
The Government have set a gross cost ceiling for the main public service pension schemes of 21.7% with
a net cost ceiling of 12.1% and an average employee contribution of 9.6%. The Government Actuary’s
Department has in a report dated 9 March 2012 concluded that the TPS Agreement scheme design is
within this required cost ceiling. The conclusion is dependent on and sensitive to the data, methodology
and assumptions adopted and further details on these are available in the full Government Actuary’s report
which is available on the Department for Education website.
In the case of the Society’s Scottish school, the Trust participates in the Scottish Teachers’ Superannuation
Scheme. The scheme is notionally funded and provides members with defined benefits based on final
pensionable salary. The employer’s contributions are assessed every five years by the Independent
Government Actuary. The employer’s and employee’s contribution rates are currently 14.9% and 6.4%
respectively. The total pension cost in respect of the Scottish scheme for the year was £639,506
(2011 - £613,294).
25
Connected charities and related parties
The Trustees for Roman Catholic Purposes Registered is also the trustee for the following charities.
The Society of Jesus Charitable Trust (1990 Trust) (Registered Charity No. 803659)
The 1990 Trust uses the same principal office and has objects similar to many of those of the 1921 and 1929
Trusts. It is funded from the 1921 and 1929 Trusts by loans, and the amount due from the 1990 Trust at 30
September 2012 was £27,328,224 (2011- £27,192,263).
The Society of Jesus Charitable Trust (1990 Trust) (Registered Charity No. 803659) (continued)
All receipts and payments relating to the 1990 Trust’s activities are received by the 1921 and 1929 Trusts
as the 1990 Trust does not have a separate bank account. All such amounts are dealt with through current
accounts.
St Aloysius Charitable Fund (Registered Charity No 290276)
The St Aloysius Charitable Fund donated £80,000 (2011 - £60,000) to the Trust during the year ended 30
September 2012.
50
Annual Report 2011-12
26 Financial commitments
At 30 September 2012, the Trust had the following financial commitments:
Due within one year
Total
2012
£’000
Total
2011
£’000
19
84
27
Capital commitments
At 30 September 2012, the Trust had the following capital commitments:
Due within one year
Total
2012
£’000
Total
2011
£’000
-
337
28 Contingent assets
Contingent assets have arisen from the transfers of schools to separate charitable assets.
On 1 September 2009 Stonyhurst College and its trading subsidiary Stonyhurst College Development
Limited were transferred to a separate charitable trust. Included in the transfer were buildings valued at
£18.1m, a £4m transfer of restricted funds and a £21.7m cash transfer. This cash transfer was made with
a condition that £16m remains in the Balance Sheet of Stonyhurst New Trust and is a contingent asset
repayable to The Society of Jesus if the activities of Stonyhurst College change.
£1.8m is also held by Mount St Mary’s (a school transferred to a separate trust in 2007) and is repayable to
The Society of Jesus in certain circumstances such as closure.
29
Ultimate control
The Declaration of Trust dated 20 March 1929 provides that new trustees shall be appointed by resolution
of the existing trustees and therefore, in the opinion of the trustees, the trustees are the ultimate controlling
party.
30
Post balance sheet events – Transfer of St Aloysius College
In October 2012, St Aloysius College was transferred to a separate charitable trust. To date, £9.446m has
been transferred to the new charitable trust which is included in creditors at the year end.
51
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Image: Diaconate ordinations at Sacred Heart Church, Wimbledon, April 2012