SOCIETY OF JESUS TRUST OF 1929 FOR ROMAN CATHOLIC PURPOSES

Charity number: 230165
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

PARISH MINISTRY: in parishes & in university chaplaincies SPIRITUALITY: centres, programmes & publications for spiritual education EDUCATION: schools, colleges of higher education FORMATION: for Jesuits & Catholic clergy SOCIAL JUSTICE & RELIEF OF POVERTY: Jesuit Refugee Service & service to the poor CARE OF INFIRM & ELDERLY JESUITS JESUIT WORK OVERSEAS

Income and expenditure

Data for financial year ending 30 September 2023

Total income:
£27,959,000

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Donations and legacies £5.71m
Charitable activities £9.59m
Other trading activities £329.00k
Investments £11.65m
Other £681.00k

Total expenditure:
£40,770,000

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Raising funds £3.39m
Charitable activities £37.38m
Other £0

£40,449,000 investments gains (losses)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

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Raising funds and other expenditure £3.39m
Charitable expenditure £37.38m

People

389 Employee(s)

8 Trustee(s)

300 Volunteer(s)

Employees with total benefits over £60,000

Number of employees
£60k to £70k 4
£70k to £80k 3
£80k to £90k 1
£90k to £100k 3
£100k to £110k 1
£120k to £130k 1

Fundraising

No information available

Trading

This charity has one or more trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • Education/training
  • The Prevention Or Relief Of Poverty
  • Overseas Aid/famine Relief
  • Religious Activities
  • Human Rights/religious Or Racial Harmony/equality Or Diversity
Who the charity helps:
  • Children/young People
  • Elderly/old People
  • Other Charities Or Voluntary Bodies
  • The General Public/mankind
How the charity helps:
  • Makes Grants To Organisations
  • Provides Human Resources
  • Provides Buildings/facilities/open Space
  • Provides Services
  • Provides Advocacy/advice/information
Where the charity operates:
  • Guyana
  • Scotland
  • South Africa

Governance

Registration history:
  • 19 May 1969: Standard registration
Organisation type:
Trust
Other names:
  • SOCIETY OF JESUS (Working name)
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
  • Ofsted (Office For Standards In Education)
Policies:
  • Bullying and harassment policy and procedures
  • Campaigns and political activity policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investing charity funds policy and procedures
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
  • Volunteer management
Land and property:
This charity owns and/or leases land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

8 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Rev Peter Gallagher Chair 01 September 2023
JESUITS IN BRITAIN CIO
Recently registered
Rev Gerard Mitchell SJ Trustee 10 July 2021
None on record
Rev Paul Nicholson SJ Trustee 08 August 2019
None on record
Father Keith Patrick McMillan SJ Trustee 08 August 2019
HEYTHROP INSTITUTE
Received: On time
THE STONYHURST FOUNDATION
Received: On time
JESUITS IN BRITAIN CIO
Recently registered
Rev Nicholas Owen Austin SJ Trustee 08 August 2019
JESUITS IN BRITAIN CIO
Recently registered
Rev MATTHEW POWER SJ Trustee 08 August 2019
None on record
Rev Arthur Stephen Power SJ Trustee 08 August 2019
None on record
Rev David Smolira SJ Trustee 08 August 2019
None on record

Financial history

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Financial period end date

Income / Expenditure 30/09/2019 30/09/2020 30/09/2021 30/09/2022 30/09/2023
Total gross income £30.77m £29.13m £21.16m £27.29m £27.96m
Total expenditure £48.89m £33.50m £32.91m £37.66m £40.77m
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A N/A N/A N/A N/A
Income - Donations and legacies £5.64m £5.78m £5.58m £6.71m £5.71m
Income - Other trading activities £132.00k £114.00k £67.00k £129.00k £329.00k
Income - Charitable activities £10.39m £8.98m £9.02m £9.47m £9.59m
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £14.23m £10.25m £10.00m £9.87m £11.65m
Income - Other £370.00k £4.01m £490.00k £1.11m £681.00k
Income - Legacies £546.00k £1.14m £743.00k £561.00k £848.00k
Expenditure - Charitable activities £46.14m £30.74m £29.67m £34.33m £37.38m
Expenditure - Raising funds £2.75m £2.76m £3.24m £3.33m £3.39m
Expenditure - Governance £76.63k £64.66k £56.20k £49.82k £52.16k
Expenditure - Grants institution £22.85m £7.61m £7.92m £8.05m £11.62m
Expenditure - Investment management £1.78m £1.91m £2.36m £2.46m £2.32m
Expenditure - Other £0 £0 £0 £0 £0

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 30/09/2019 30/09/2020 30/09/2021 30/09/2022 30/09/2023
Own use assets £74.84m £73.47m £76.23m £78.77m £79.18m
Long-term investments £539.23m £569.28m £658.32m £584.54m £613.74m
Other assets £66.53m £63.76m £47.16m £44.16m £45.29m
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £34.94m £30.08m £23.08m £21.89m £25.00m

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 30 September 2023 01 July 2024 On Time
Accounts and TAR 30 September 2023 01 July 2024 On Time Download Open in new window
Annual return 30 September 2022 18 July 2023 On Time
Accounts and TAR 30 September 2022 18 July 2023 On Time Download Open in new window
Annual return 30 September 2021 14 June 2022 On Time
Accounts and TAR 30 September 2021 14 June 2022 On Time Download Open in new window
Annual return 30 September 2020 27 May 2021 On Time
Accounts and TAR 30 September 2020 27 May 2021 On Time Download Open in new window
Annual return 30 September 2019 07 May 2020 On Time
Accounts and TAR 30 September 2019 07 May 2020 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

UV 242 PAGE 331 (TRUST DEED DATED 20 MARCH 1929), ORDER OF THE CHARITY COMMISSIONERS DATED 5 MAY 2005 AS AMENDED BY RESOLUTION DATED 07 SEPTEMBER 2021 AS AMENDED BY RESOLUTION DATED 11 JAN 2025

Charitable objects

THE OBJECT OF THE CHARITY IS THE ADVANCEMENT OF RELIGION FOR THE PUBLIC BENEFIT IN ACCORDANCE WITH THE PRINCIPLES AND DOCTRINES OF THE ROMAN CATHOLIC FAITH THROUGH THE RELIGIOUS AND OTHER CHARITABLE WORK FOR THE TIME BEING CARRIED OUT BY OR UNDER THE DIRECTION OF OR SUPPORTED BY THE SOCIETY AS THE TRUSTEES WITH THE APPROVAL OF THE PROVINCIAL SHALL FROM TIME TO TIME THINK FIT.

Area of benefit

The area the charity can operate in, as set out in its governing document.

NOT DEFINED.

Linked charities

Linked charities
Linked charity 230165-1 JESUIT DEVELOPMENT FUND
Governing document
TRUST DEED DATED 3 APRIL 1969 AS AMENDED BY RESOLUTION DATED 11 JAN 2025
Charitable objects
THE OBJECT OF THE CHARITY IS THE ADVANCEMENT OF RELIGION FOR THE PUBLIC BENEFIT IN ACCORDANCE WITH THE PRINCIPLES AND DOCTRINES OF THE ROMAN CATHOLIC FAITH THROUGH THE RELIGIOUS AND OTHER CHARITABLE WORK FOR THE TIME BEING CARRIED OUT BY OR UNDER THE DIRECTION OF OR SUPPORTED BY THE SOCIETY AS THE TRUSTEES WITH THE APPROVAL OF THE PROVINCIAL SHALL FROM TIME TO TIME THINK FIT.
Area of benefit
NOT DEFINED
Registration history
  • 19 May 1969 : Standard registration

Contact information

Address:
C/O SECRETARY TO THE TRUSTEES
TRCP
114 MOUNT STREET
LONDON
W1K 3AH
Phone:
02074990285
Email:
curia@jesuit.org.uk
Website:

www.jesuit.org.uk/ Open in new window