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2022-11-30-accounts

Charity Name No (if any)
The Sacred Hearts Trust CIO 1191523
Receipts and payments accounts CC16a
Period start date Period end date
For the period from 01/10/2021 To 30/09/2022

Section A Receipts and payments

Unrestricted

Section A Receipts and payments Unrestricted Unrestricted
A1 Receipts
funds
to the nearest
£		 Restricted funds
to the nearest £		 Endowment funds
to the nearest £		 Total funds
to the nearest £		 Last year
to the nearest £
DONATIONS 11,448 - - 11,448 242,124
SALES 64,950 - - 64,950 34,289
GIFT AID 50,000 - - 50,000 -
INTEREST 25 - - 25 -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total(Gross income for AR) 126,423 - - 126,423 276,413
A2 Asset and investment sales, (see
table).		 -
-
-
126,423		 -
-
-
-		 -
-
-
-		 -
-
-
126,423
-
- -
Sub total - -
Total receipts
126,423 - - 126,423 276,413
Sub total(Gross income for AR) 126,423 - - 126,423 276,413
A2 Asset and investment sales, (see
table).
- - - -
- - - - -
Sub total - - - - -
Total receipts 126,423 - - 126,423 276,413

A3 Payments

CCXX R1 accounts (SS PROPERTY - - - - 200,000
PURCHASES 51,640 - - 51,640 23,419
LIGHT, HEAT, TELEPHONE 2,105 - - 2,105 1,966
)
WATER		 566 1
-		 - 566 -

05/05/2023

BIN, REFUSE COLLECTION 1,353 - - 1,353 306
PROPERTY MAINTENANCE /
EQUIPMENT		 22,659 - - 22,659 5,422
CAR INSURANCE / MAINTENANCE 2,280 2,280 2,249
DONATIONS 11,149 20,986
MISC 221
COUNCIL TAX 1,537 - - 1,537 -
MAILING EXPENSES 5,177 - - 5,177 -
SHOP INSURANCE. AND SECURITY
EQUIPMENT		 2,467 - - 2,467 2,323
**Sub total ** 101,154 - - 101,154 256,671
A4 Asset and investment purchases,
(see table)
- - - -
- - - -
**Sub total ** - - - - -
Total payments 101,154 - - 101,154 256,671
Net of receipts/(payments) 25,269 - - 25,269 19,742
A5 Transfers between funds
- - - - -
A6 Cash funds last year end - - - - -
Cash funds this year end 25,269 - - 25,269 19,742

CCXX R2 accounts (SS)

05/05/2023

2

Section B Statement of assets and liabilities at the end of the period

Categories
B1 Cash funds
B2 Other monetary assets		 BANK
Details
Details
Total cash funds
(agree balances with receipts and
payments account(s))		 Unrestricted
funds
to nearest £
25,269
-
-
25,269
OK
Unrestricted
funds
to nearest £
-
-
-
-
-
-		 Restricted funds
to nearest £
-
-
-
-
OK
Restricted funds
to nearest £
-
-
-
-
-
-		 Endowment
funds
to nearest £
-
-
-
-
OK
Endowment
funds
to nearest £
- - -
- - -
- - -
- - -
- - -
- - -

B3 Investment assets

Details

Fund to which
asset belongs		 Cost (optional)
-
-
-
-
-		 Current value
(optional)
- -
- -
- -
- -
- -

B4 Assets retained for the charity’s own use

Details

Fund to which
asset belongs		 Cost (optional)
-
-
-
-
-		 Current value
(optional)
- -
- -
- -
- -
- -

CCXX R3 accounts (SS)

05/05/2023

3

Fund to which Amount due When due Details liability relates (optional) (optional) B5 Liabilities - - - - -

Signed by one or two trustees on behalf of all the trustees

----- Start of picture text -----
Signature Print Name Date of approval
ANDREW JOHN POLLOCK
----- End of picture text -----

CCXX R4 accounts (SS)

05/05/2023

4

Trustees’ Annual Report for the period

Period end date

Charity name: The Sacred Hearts Trust CIO

Charity registration number: 1191523

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 To promote the faith of the Roman
Catholic Church throughout the World
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.		 Para 1.17 and
1.19		 To advance the Roman Catholic faith
anywhere in the world, for the benefit of
the public , in particular but not
exclusively through the holding of
prayer meetings, providing literature on
the Roman Catholic faith and supporting
overseas missionary work
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 The Trustees have had regard to the
guidance issued by the Charity
Commission on public benefit

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference
Policy on grant making Para 1.38 The Sacred Hearts Trust does not make
grants but offers donations to those in
financial need
Policy on social investment
including program related
investment		 Para 1.38 The Sacred Hearts Trust does not make
social investment
Contribution made by
volunteers		 Para 1.38 The Holy Cross Book Shop is runs by
volunteers
Other

Achievements and Performance

SORP reference
Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.		 Para 1.20 The Sacred Hearts Trust continues to be
of great help and support to the local
community to both believers and
unbelievers, where our door is always
open to everyone

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against
objectives set		 Para 1.41 N / A
Performance of fundraising
activities against objectives
set		 Para 1.41 N / A
Investment performance
against objectives		 Para 1.41 N / A
Other

Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 The Sacred Hearts Trust is in a good
financial position going into the new
financial year.
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 Reserves will be held to ensure the
Roman Catholic faith continues to be
promoted
Amount of reserves held Para 1.22 £25,269
Reasons for holding zero
reserves		 Para 1.22 N / A
Details of fund materially in
deficit		 Para 1.24 N / A
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23 N / A
Additional information (optional)
You may choose to include further statements		 Additional information (optional)
You may choose to include further statements		 where relevant about:
The charity’s principal
sources of funds (including
any fundraising)		 Para 1.47 The book shop sales including teaching
materials and donations received from
the general public
Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46 N / A
A description of the principal
risks facing the charity		 Para 1.46 N / A
Other

Structure, Governance and Management

Description of charity’s
trusts:		 None
Type of governing document
(trust deed, royal charter)		 Para 1.25 Trust Deed
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 CIO – FOUNDATION Registered 29th
September 2020
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees		 Para 1.25 Appointment by Chair and Trustees

Additional information (optional) You may choose to include further statements where relevant about:

N / A Policies and procedures adopted for the induction Para 1.51 and training of trustees N / A The charity’s organisational structure and any wider Para 1.51 network with which the charity works N / A Relationship with any related Para 1.51 parties Other

Reference and Administrative details

Charity name The Sacred Hearts Trust CIO
Other name the charity uses
Registered charity number 1191523
Charity’s principal address 4 Brownhill Road
Catford
London
SE6 2EJ

Names of the charity trustees who manage the charity

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20		 Trustee name Office (if any) Dates acted if not for whole
**year **		 Name of person (or body) entitled
to appoint trustee (ifany)
Andrew Pollock Chair
Claudio Lo Sterzo Trustee
Trevor Downs Trustee

– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets
held in this capacity		 None
Name and objects of the
charity on whose behalf the
assets are held and how this
falls within the custodian
charity’s objects		 N/A
Details of arrangements for
safe custody and
segregation of such assets
from the charity’s own
assets		 N/A

Additional information (optional)

Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information) Names and addresses of advisers (Optional information) Names and addresses of advisers (Optional information)
Type of
adviser
Name
Address
Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) A J Pollock Full name(s) Andrew John Pollock Position (eg Secretary, Chair Chair, etc) Date 3rd May 2023

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ Charity Name The Sacred Hearts Trust CIO members of On accounts for the year 30[th] September 2022 Charity no 1191523 ended (if any) Set out on pages 1 & 2 (remember to include the page numbers of additional sheets)

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended DD / MM / YYYY .

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention (other than that disclosed below *) in connection with the examination which gives me cause to believe that in, any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed: N Paisley Date: 3[rd] May 2022 Name: Norman Paisley Relevant professional qualification(s) or body (if any): Address: 35 Greenways, Beckenham Kent BR3 3NQ

1

October 2018

IER

Section B Disclosure

Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose .

2

October 2018

IER