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Annual Accounts 2017-2018 A faith that does justice JESUITS ANNUAL ACCOUNTS 2017-2018 jesuit.org.uk CONTENTS Ethical Investment Policy We do not invest in companies whose their properties, with a view to Our policy provides a set of products or policies are counter to minimising wasteful use of energy principles, looking forward to the values of Catholic moral teaching. and promoting green energy. the type of world which we Our investment managers screen want to promote through our our portfolios (using agencies such investments; intentionally investing as EIRIS) to eliminate such stocks. The UK Living Wage in line with our fundamental The threshold limits, for what we The Jesuits in Britain are an ideals; supporting policies and hold in certain stocks, were reviewed accredited Living Wage employer. initiatives in companies that and revised in 2018. The Living Wage campaign is based promote the values of Catholic on the simple idea that a hard Social Thought while still The trustees are active members day’s work deserves a fair day’s earning a just and sufficient of the Church Investors Group, the pay. We are pleased to be one of return to help fund our works. Institutional Investors Group on many responsible employers who Our policy is also informed by Climate Change, the UK Sustainable choose to pay a real Living Wage the UK Stewardship Code of Investment and Finance Association based on the cost of living, not just the Financial Reporting Council, and the Charities Responsible Investment the government minimum. The which promotes seven helpful Network of ShareAction, all of which trustees recognise that in low paid principles for institutional investors. promote shareholder engagement. sectors a vicious cycle of high levels The Trustees work to uphold of staff turnover and absenteeism the United Nations Principles for We support practical steps to further can drive problems of operational Responsible Investment within the goals of the Paris agreement inefficiency, low standards and weak which institutional investors pledge (COP21 2015) on climate change: productivity. Organisations that to incorporate environmental, social restricting the use of fossil fuels; pay the Living Wage have reported and governance issues into investment reviewing the carbon footprints of all significant improvements in quality decision-making processes, being our investment portfolios with a view of work, reductions in staff absence active owners across different types to minimising them; surveying Jesuit and turnover, and a stronger of assets. works and communities, especially corporate reputation. Contents Message from the Provincial investment has brought great Reference and administrative 03 Damian Howard SJ describes improvements to school outcomes. 21 information achievements and priorities. Jesuit Missions Compassion in Working in Scotland 12 action with some of the most Mission and aims Facts and figures 22 05 vulnerable people in the world. about our purpose and people. 23 Short-term targets 14 Pastoral report It has been a year New initiatives in the intellectual of change in our parishes. 31 Finance and administration 06 apostolate Following the closure of Heythrop College – what next 15 Spirituality report Reaching out to 35 How we manage our affairs for our education ministry? places and people we have not reached before, building a sense of 40 Independent auditors’ report 08 Jesuit Refugee Service Describing community and forming future how we accompany, serve as collaborators. 42 Financial Statements companions, and advocate for the rights of refugees and forcibly 16 Formation report There have been displaced people. many significant milestones in Jesuit formation journeys this year. 13 10 The Jesuit Institute How we Community profiles We review ensure 18 three contrasting Jesuit the Jesuit mission is sustained in communities: academic in London, our schools. pastoral in Glasgow and chaplaincy in Manchester. 11 St Ignatius College Recent 2 Jesuits Annual Review 2017-18 PROVINCIAL’S MESSAGE Provincial’s Message “Setting up centres of formation for evangelization, aimed at the young and by an integral experience that will conclude with sending them on mission” Youth Synod 2018 final document increasingly fragile and environmental Rather than submit to the disaster seemed inevitable. In the discouragement created by the media’s Church, deeper awareness of the gravity obsessive concentration on bad news, and extent of abuse led to widespread Jesuits and their partners try to live controversy and even division. consciously in the presence of God. They remember all that God has As a Church and as an order, we are done for them and still is doing in blessed to have the leadership and His creation. Above all, they daily inspiration of Pope Francis to guide us contemplate the life of Jesus Christ and in difficult times. He calls for refugees seek to imitate Him in the way they to be welcomed, for help to be given live their lives. That’s why you will find to the poorest, a new attitude of care in the pages of this report plenty of for all creation. He has asked the evidence of a passionate commitment whole Church to nurture a culture to continue to work for the coming Fr Damian Howard SJ of safeguarding. In the Autumn of 2018 of God’s Kingdom, even in the face of he hosted a ground-breaking Synod for apparently insurmountable obstacles. IT IS FAIR to say that the year 2017-18 young people which changed the way was a turbulent one. The world at large the Catholic Church thinks about the The project I am proudest of so far saw the continued rise of populism and new generation. And already he has is the setting up of the Laudato Si’ even hatred, with institutions which his sights on a Synod on the Amazon Research Institute at Campion Hall, have preserved the post-war order Basin in 2019 as an opportunity to Oxford. We are delighted that coming under immense pressure. The shed light on the lives of people whose Professor Celia Deane-Drummond refugee crisis continued, inequality threatened habitat is a region crucial has agreed to join us to continue her grew, the world economy looked for the survival of all human life. work in ecological theology and to Pope Francis at the Youth Synod 2018 Photo: Press Association Press Photo: jesuit.org.uk 3 PROVINCIAL’S MESSAGE help the worldwide Church to deepen its commitment to “caring for our common home”, as Pope Francis puts it. The work of the Institute will complement and enrich other Catholic theological projects going on around Britain and will network widely with partner institutions at home and abroad. Finding a home for the Heythrop Library was a major task for 2018. encouraged to “offer the young an keeping people safe goes to the very We chose to keep it in situ, hosted by experience of accompaniment with heart of the Gospel mission. It is not the University of London at its Senate a view to discernment” (161). These an add-on, and never a burden. Aided House in Bloomsbury. There it will goals are the heart of our plans for and supported by an independent remain available to the academy and new projects in Clapham and Mount Safeguarding Commission, the to the Church in this country. We will Street, two houses in London to be Jesuits in Britain are consequently keep the collection up to date so that devoted to the integral formation of looking for ways to keep people it continues to be a precious resource young people. We want to build solidly safe and to try to put right any harm for all those seeking to explore the and to reflect carefully on our aims committed in the past. Over the disciplines of theology and philosophy. and the means required to meet them. last few years, we have been planning To that end, 2018 saw several groups a pilot project to reach out to victim- The Synod for young people was a doing research into this challenging survivors of abuse. It is a delicate stimulus for the whole Church to question and I look forward to that issue and the project will have to be renew its efforts to find new ways to process starting to bear fruit. carried out with great care. But we pass on the Gospel message to a new are now close to launching it. It will, generation. The final document calls I have made a point of talking about I hope, be a source of healing but for an enhancement of the Church’s safeguarding to Jesuit communities as also of learning. pastoral provision “by setting up I travel round the country. It is true centres of formation for evangelization, to say that a great deal has changed I hope you will find in the contents aimed at the young and at young over the last two decades in the way of this report some light in dark times. couples and by an integral experience we take care of children and adults We are grateful above all to our many that will conclude with sending them at risk. But some still haven’t fully friends and supporters who help us to on mission” (160). We are also registered the crucial insight that keep that light alive. l Senate House Library 4 Jesuits Annual Review 2017-18 MISSION AND AIMS Jesuits in Britain mission and aims The Jesuits (also known as the Society of Jesus) are an international religious order of men within the Catholic Church. The Order was founded in 1540 by St Ignatius of Loyola and his nine companions. Today it numbers over 15,000 men in more than 100 countries. The British Province, which operates in England, Scotland and Wales is one of over 80 provinces worldwide.
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