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2023-09-30-accounts

Trustees’ Annual Report for the period

From 01 / 10 / 2022 Period start date To Period end date 30 / 09 / 2023

Charity name: 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
To run the Holy Cross Catholic
Bookshop, Catford, London
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		 Running the Holy Cross Catholic
Bookshop for the benefit of Catholics
and the public. Supporting Catholic
overseas missionary work, in particular
that of the family of the Franciscan
Daughters of the Immaculate Heart
Statement
confirming whether
the trustees have
had regard to the
guidance issued by
the Charity		 Para
1.18		 The Trustees confirm that they have
considered The Charity Commission’s
General Guidance on public benefit and
in particular the supplementary
guidance on the advancement of
religion for the public benefit

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
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 Catholic Book Shop is
run on a volunteer basis by the
Franciscan Daughters of the
Immaculate Heart
Other

Achievements and Performance

SORP reference

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 Summary of the main achievements of the charity, Para identifying the 1.20 difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.

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

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		 £27,395
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 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:

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

----- Start of picture text -----
which the charity
works
N / A
Relationship with
any related parties Para
1.51
Other
----- End of picture text -----

Reference and Administrative details

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

Names of the charity trustees who manage the charity

1
2
3
4
5
6
7
8
9
0
1
2
3
4
5
6
7
8
9
0		 Trustee
name		 Office (if any) Dates acted if
not for whole
year		 Name of person
(or body) entitled
to appoint trustee
(if any)
Andrew John
Pollock		 Chair Trustees Resolution
Trevor Downs Trustees Resolution
Claudio Lo Sterzo Trustees Resolution

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

charity
Trustee name Dates acted if not
for whole year

Funds held as custodian trustees on behalf of others

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

Additional information (optional)

Names and addresses of advisers (Optional information) Type Name Address of advise

r

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 Chair Secretary, Chair, etc)

Date 27[th] November 2023

Charity Name
SACRED HEARTS TRUST CIO		 Charity Name
SACRED HEARTS TRUST CIO		 No (if any)
1191523
Receipts and payments accounts CC16a
Period start
For the
period from
01/10/2022		 To Period end
30/09/2023

Section A Receipts and payments Unrestricte Restricted Endowment Total funds Last year d funds funds funds to the to the to the to the to the nearest nearest £ nearest £ nearest £ nearest £ £

to the
nearest
£		 to the
nearest £		 to the
nearest £		 to the
nearest £		 to the
nearest £
A1 Receipts
DONATIONS 17 078 - - 17 078 11 448
SALES 54 268 - - 54 268 64 950
GIFT AID - - - - 50 000
INTEREST - - - - 25
- - - - -
- - - - -
- - - - -
- - - - -
Sub total(Gross income
for AR)		 71 346 - - 71 346 126 423
A2 Asset and investment
sales, (see table).
- - - -
- - - - -
Sub total - - - - -
**Total receipts ** 71 346 - - 71 346 126 423
A3 Payments
PURCHASES
43 455
LIGHT, HEAT,
TELEPHONE
2611		 A3 Payments
PURCHASES
43 455
LIGHT, HEAT,
TELEPHONE
2611		 -
-
~~1~~		 -
-		 43 455
2611

PURCHASES		 43 455 51 640
LIGHT, HEAT,
TELEPHONE		 2611 2 105

CCXX R1 accounts (SS)

INSURANCE **1 104 ** - - **1 104 ** **2 467 **
COUNCIL TAX 1008 - - 1008 **1537 **
BIN / REFUSE
COLLECTION		 545 - - 545 1353
SECURITYSYSTEMS 406 406
CAR EXPENSES 1903 1903 2280
MISCELLANOUS 539 - - 539 221
PROPERTY
MAINTENANCE/
EQUIPMENT		 22659
MAILINGEXPENSES 5 177
DONATIONS 17078 17078 11 149
WEBSITE 230 230
WATER 341 - - 341 566
**Sub total ** 69 220 - - 69 220 101 154
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
**Sub total ** - - - - -
Total payments 69 220 - - 69 220 101 154
Net of receipts/(payments) 2 126 -
- 2 126 25 269
**A5 Transfers between fun ** - - - - -
A6 Cash funds last year en - - - - -
Cash funds this year end 2 126 -
- 2 126 25 269

CCXX R2 accounts (SS)

2

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

Categories
B2 Other monetary
assets
B1 Cash funds		 Details
Total cash funds
(agree balances with
receipts and payments
BANK
Details		 Unrestricte
d funds
to nearest £
27 395
-
-
27 395
~~Agreement~~
Error
Unrestricte
d funds
to nearest £
-
-
-
-
-
-		 Restricted
funds
to nearest £
-
-
-
-
OK
Restricted
funds
to nearest £
-
-
-
-
-
-		 Endowmen
t funds
to nearest
£
25 269
-
-
25 269
~~Agreement~~

Error
Endowmen
t funds
to nearest
- - -
- - -
- - -
- - -
- - -
- - -
B3 Investment assets
B4 Assets retained for		 Details
Details
3		 Fund to
which asset
belongs
Fund to
which asset
belongs		 Cost
(optional)
-
-
-
-
-
Cost
(optional)
-		 Current
value
(optional)
-
-
-
-
-
Current
value
(optional)
3 - -

CCXX R3 accounts (SS)

the charity’s own use

- -
- -
- -
- -
- -
- -
- -
- -
Signed by one or two
trustees on behalf of all the
trustees
B5 Liabilities
Details
A J Pollock
CLo Sterzo		 Fund to
which
liability
relates
Amount
due
(optional)
-
-
-
-
-
ANDREW JOHN POLLOCK
CLAUDIOLO STERZO		 When due
(optional)
27/11/2023
CLAUDIOLO STERZO 27/11/2023

CCXX R4 accounts (SS)

4

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 2023 Charity no 1191523 ended (if any) Set out on pages 1 & 2 (remember to include the page numbers of additional sheets)

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 Name: Norman Paisley Relevant professional qualification(s) or body (if any): Address: 35 Greenways, Beckenham, London BR3 3NQ

Date: 27[th] November 2023

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