REGISTERED CHARITY NUMBeR'. 216011
Report ol tho Trust￿$ and
Financlal Statements
for thè Y•ar Endod 30 Jun• 2022
for
Saer•d H•art Fath9rs Trust
SB&P
Chartercd Accounianis & Statutory Auditors
Or*1 House
218 OT￿ l Road
Boei
MeTSeyS￿e
120 7EP

Sacred Heart Fathor#
Contents of th• Flnan¢lal Statsments
for the Year Ended 30 June 2022
Page
Rgport of the Trustses
Report olthe Indepond•ntAudito
Statgm8nt of Flnanclal Aetivltles
10
Balat)C8 Sheet
Cash Flow Stat•mont
Note$ to the Ca¥h Flow Statsm¢nt
13
Not￿ to th8 Flnancial Statsm•nts
14 10 23

Saerad Hèart FAth•rn Trust
Report of the Tru8tees
for the Year ended 30 June 2022
Th¢ truste¢s PT¢sent th¢w report with the financwl siaiemenis of the ¢harty for th¢ y¢aT ¢nd¢d 30 June 2022. The
I￿s￿¢S havc adopt¢d the provish)ns of kncounting and Reptsrt￿8 by ChBritR5.' Ststem¢nt ofRe¢omm¢nded PractKe
appli¢abk w chariiies preparth¥ Iheir aLGtruniS in 2¢COTdance with the Financwl Reporting Standard appLrabb in the
UK and Rcpublic of Ircland IFRS 1021 leffeclive l January 2019).
OBJECTIVES AND ACTIVITIES
Oblectlves and alm$
The princ￿al obFCtive ofthe charity ￿ Ihc &avan¢emcnl of1cl￿b)n.
Thiq inchjdes..
Th¢ pastoral care of indivkluaLs and group*.
To provide pLices ofspirituDI retreat, courses in personal dev¢bpm¢nl and r¢ligi)us ¢du¢atv)n
A55i%tsnce with the on-going educatK>ll of ¢hildr¢n gnd young aduhs
Th¢ rel￿rOf poverty and 5i¢kn¢s$ ol home and abroad. To ass￿( in ihe relrfof pov¢rty abd its consequeMce$
areas of the MisS￿n ofthe Congregat￿￿ and ￿1 area5 ofnawr81 disasiers.
We students from poor¢r countrKs to swdy oi aocredned ¢ducaiK)nal fac11n￿$ n thc UK and Ir¢ knnd.
W¢ koming students lo study al Tecognised Engl￿h L4ngu?g¢ %¢hools to ¢nabk th¢ oi*malv)nal devebpment or
the cOngregBt￿n.
To promot¢ vo¢Dtions and QnEoing fvThnotK)ns to the Congregalp)n and to ¢ducat¢ and tra￿ both current and
new M¢mb¢rs ofihe Con8r¢8aI￿n.
Prov¥Jing placcs ofrctroai op¢n lo alL
tife bng care for the membcrs. To promo* Ihe spmual moral and intellecbjal weltDeinB ofihe Members of
the CongTegaiK)n.
To provide servKes and nurs￿8 care for the sKk ind Bbjerly MBmbErs ofthe Congrtgatu)n ￿ accordance with
the core values Dnd ethos ofihe Con8reADIitin.
Pag¢ I

Sacrgd Heart Fathe￿ Trust
Report of thè TrustOèS
forthe Year Ended 30 June 2022
ACHIEVEMENT AND PERFORMANCE
Charltable activltles
Th¢ Sacred Heart faihcrs continues lo offtr 5UPPOrt for students, adults, retreats, qu%1 illnes. spirknjil direclwn and
acoompanNncni for tiidividuaLq and group5 ni various k>caiK)ns throu8houl Gr¢91 Britain and IrcLgnd. By its very natu
thc Congrcgai￿n is an apostolK ￿Stit￿le. and so we readily place ourscfv¢s al th¢ s¢rYi¢e of the Church in it5 Var￿u5
pa510ral works.
The adrnintstraiive CeTJtre for th¢ group ￿ al Si John's, SiockpgrL wh¢r¢, as w¢ll as O￿t$ for th¢ Province
AdTnini%trhiion. provtsion ￿ madc for opjer members, o$$isl¢d by the servKes ofihc St John of God l.lospitalkr scr¥￿¢.
Si John'5 is a150 the scttni8 br Ihc ProTn01￿￿s Offic¢
th¢ funct￿n of %vhi¢h ts lo prornole th¢ spr￿ual￿ of (he Sacted
Heart and io keep in coniaci wilh bene&ctors. Various mailings are $enl out during th¢ y¢ar io OUT b¢n¢f8Blors during
the yeiT. A ￿ttcr i8 ul kDsI twi¢¢ & year informin8 benefactors of recenl new5 and events and ￿vil￿g them to
tnakB o conlnbut￿￿ lo the WQTk orth¢ Sacred H¢art Fathets. Over IiTn¢, wilh 8n tiicreased age profik of b¢n¢faclots.
the list has grown smajkr. At Ihtl Point. il ￿ important to note the inpacl of the Covid 19 pandernic and it5 afi¢nnaih on
promolK>ns J¢twty. Ov¢ralL donat￿￿$ decreased durin8 the p¢riod.
St John's aL40 has the fa¢ilny ￿ we komc 5rnall groups for p¢riod5 of prayer, retreat and rEtkcI￿ll. Th¢se are day or
evening groups. Si John's a150 weT¢omes young adults who be bng w ihe 2030 group. Proie¢i 2030 ll￿n5 to provhle
support and actiVit￿S 10 cnablo Ihc f8 iih for[nat￿n and pcrsonal d¢v¢k)pmenl of mcTnbers through orBani4ed r¢lvgiou$
and social ev¢nls. Vi5ilin8 m¢mbcrs of the Congregat￿￿ from abroad are a￿0 ¥vekomed ai St. John'5.
Members
¢om¢ for mcelings ofihe Sacred Heart Fathers and have thc possibilny 10 spend sotne I￿)e Of$abbUt￿￿1 IheT¢.
Currently, the Order admintstsTS the p2ri%hes of Sl John Vvdnney IDubknl. and Si joseph (Stockport towi centre.
Cheshllel on behrtlf of the Tespcctive dioce5¢s. Tn the pastora I care ofth05e entru51ed ty us we aTh to give concrete
expTessK)n 10 our spirituality and develop ihe life of Ihe Church. Dur￿8 the CovKt Pand¢m￿ 8llendance 41 pllrish
¢v¢Dts #￿￿tty ￿$tr￿ted. To reach out to peopk social tnedia wa5 Used and pastoral care coniit)ued M a more bnts¢d
way. Th¢ Sacr¢d H¢an fath¢￿ continue 10 use social TnedrB in our parish m￿l$llY and the muiytitry of PTojecl 2030.
Ov¢rall numbers attendiig re￿￿ll$ services are still bw¢T th4n before Covid 19.
The Con8regatK)n continues 10 deYek)p our ministy at Smi¢hslone House, ￿￿VIlnti1g, AYrsh￿e, scot￿nd. The
communty organi%c te IEx)us $ervices llnd adult spirffual fomiaiK)n ¢ours¢s. Aduh faith thrMat￿n COUTse5 days of
retreai are given ai var￿u$ li￿e5 during the y¢Br,
The communny a bo we komc llld1v￿llaL￿ fDf PTival¢ day5 of prayer
and Te nt¢lion. During th¢ p¢nod, a s¢W.contatsi¢d pousiinia was d¢v¢knped. An ￿dIVIdUal can spend 5¢v¢r&l days heTe
undisturbcd, ￿ siknce and tr3nqulility. Tli¢ Community algo provides holidays for vi%ilin8 SCJ pr￿$¢5 and broiheis
Ihrou8houl the year as we Tr as being a r¢sid¢Mce fLIT ekfjerly members. The deveknpTnenl of facilit￿$ and maintenance
ofthc current buildMg5 is Te Ikcicd ￿ an incrca5ed cosi during the PCriDd. To ￿dllce relianc¢ OD ¢lectricny and gas. the
cornTnunity ai%0 instal￿d wood burner slov¢s 10 provtde healing. makiig use ofinhber from the adpinin8 wod.
The cornmunty al Inchicor¢ Road, Dublin. Ireland, is the main fomiaik)n communty and w¢komes n¢iv candKlatss 10
the CongregAiion.
IT 8150 a resvJenc¢ for elderly reiired members.
A5 the ¢¢ntr¢ of format￿￿ it aLso wekom¢5
Students from the congregat￿rt who ¢OTne frotn abrolld to study. 11 also Mrkom¢5 mcmbers for sabbalKaL English
n8u3ge and ren¢wal. The communtiy wi komes indIv￿u￿ Ls aDd groups for personal devek>pment llnd SPTitual gTowth
cluoing young adults who bebnE to the 2030 gTOUP. To provvje for the Care ofihe ttlderty two slaff ar¢ empk)y¢d.
Conscqucnity, lh¢ ¢omtnunity ai 1￿ch￿Ore Road h35 a high¢r wage bill than any other Community.
When Ihe cotllTnunty is unabk lo provKJ¢ The kv¢l of ¢tre n¢eded the nidivKlua I ha5 to be¢orn¢ Tesideni in a nur5iri8
hotne.
Depending on ih¢ n¢ed5 of Ihe ￿ld1v¥suaL thi% can be on a p¢rman¢nt or temporary basi%. Thts $itullli)n is
con$laDity under rev￿W. It ts our intent￿Tr th&1 &ll rn¢mb¢r5 5houkS b¢ abb lo stsy th¥ CDmmunity for as long as
P05s1bk.
Thc Provinc¢ i% wc koming, open and outward bokin8 w¢l¢oming for 51udy or sabbaii¢al. It is niiend¢d thai members
who avail ofthi8 Opportunity wil have & posthv¢ ¢xp¢rionce of life and ministy tr ihe Unit¢d kngdom and treL4nd.
Thc Trusi supports members of the Sacr¢d Heart fathers who work in some of (he poorest parts of Europ¢,
mo￿0Va l TranSdA￿ster fynd acm5s the world in th¢ PhilN)pines and CaTneroon. Thc Fjnd for Moldova was sei up afteT
Iho visit of Ihc Provin¢rd I lo the llrea some yegrs a80 and a rcspon$e to the exlrcme poverty of Peop￿ there. The
fvnd ts used 10 he ￿ (he Congregttiioa d¢v¢knp its sprnual and SOCk81 missx)n MO￿0V
prov￿IDg m91¢r￿1 aid and
also hclping 10 support Ihc p&slornl work of the CongrcgaiYJn in MO￿30Va. The FJnd5 Ivill bc used to al￿v￿t¢ poverty,
81V¢ SUPPOrt 10 bcal com[nunit￿$. provid￿8 adum and youth fonnatK)n. Ènd provKle port contnl)ulion towards the
butiding of pas10rn1 cenire and ¢hur¢hes, local rn¢dKal ¢¢ntr¢5 and so on. The proftci is part of con1nbut￿n of th¢
Congregation 10 Ihc ovcrall TlliSSKln of ihc Church Ki MoWov3. Th¢ Tru51 also made a ¢onir1bui￿ll to Ihe work of Ihe
congrega1￿￿ in Cam¢roon. This is used in Ihe eduealion of students for ihe prKsthood ond in Ihe provi%￿￿ of Iibiary
books. Currentty, Ih¢r¢ are rn¥o pF￿sIs and onc brother from Caffleroon B5s1sIDI8 in the m￿￿¢ry ofthe ProV￿Ce . one li
England and two in Ireland. a sign niemaiN)nal Col￿borat￿n within the Ord¢r and he￿$ 10 fvrther th¢ rni$s￿n
of the Sacred Heart FBlhers.
Page 2

S8erèd Heart Father¥ Tru8t
Report of the Trustee8
for the Year Endod 30 June 2022
Wilh regÈrd 10 the Book Fund ther¢ has b¢en no rnovcmeni stiice JUD¢ 2018. was du¢ lo ihc dcaih of Fr Owen
Wynne who ￿v5 r¢sponsbk for producing maierw l ￿1ClUding book5 and bookkts on ihe spwnuality olihe Congregaiijn.
Th¢ ia5k ha5 now been reassigK¢d and Ihe fund will bc r¢vrw¢d as pan of (he overall review of promoli)n maternl
mclhods.
E#ch commvnty use5 volunl¢cTS varK)Us capacil*s. The rok5 n)C￿de gdmini4tralion. kading 8roops. caring for the
5￿k, elde rly and d￿ab￿d (ty¢]ud￿8 some volunteer retired nurses), housek¢¢piig and cbaning. Whi￿1 the Yolunleer5'
work i% gr¢aity appr¢cialcd it Li noi approprnte to pla¢¢ an econom* valu¢ on it and it i8 IhErefoTe Dot includ¢d Tr the
Statement of FinaH¢rJ l
There wa5 an Don4lwns and L£ga¢￿S receivcd, due maMty to a beque51 recEwed from a donor and an
increase in donat￿n5 foT Educat￿n and Training. li no￿b￿ that siole fees tsnd fvtsss slpends d¢cre8sed dumg the
p¢rH)d. Thi% i% ￿r8ety ro ihe ongoing tynptci of Covd 19 and reduced Congregat￿n5 ai re18b)US SCTvKe$. There
was 3D increase in m¢di¢al expenses relle¢iin8 the care needs of member5. There was a150 an incieas¢ in travel
expenses re￿¢ting th¢ oponD)g up of soc￿ty after the various hckdowvs and th¢ n¢cc55ity 10 8tt¢nd M¢¢t￿gS both
loca lty and inlcrn31ionally.
Thcr¢ was a dcGrc&$t in the atnount spenl on repair and matr¢tcnan¢c of buikjings.
How¢ver, this cosi may incr¢as¢ aga in in lh¢ fviure and s conslanity under reYEw.
Ll] (e all Re lis￿U5 Orders in Europ¢ the con8r¢gai￿n has seen a decline ￿ TnetnbeTshi> in recent years
rna￿￿ du¢ to
the deaih of elderly m¢rnb¢r5. How¢ver. pr￿Sts and broihers from oiher ports of the OTder hllve come lo and
rn￿￿1er h¢rc on a pernaneni or exicnded basi% (always in eompliance with visa regu￿t￿n$ when r¢quiredl. Thc
internat￿n￿l kader5hip of Ihe Sacred Heart Faihelb in Rome ts keen 10 PTO]noie the exchange of approprwtety qual￿Ed
pe￿onnel. Exchange of personnel i% &lwfyys reV￿W Dnd all rnu5t comply with policc vettbi8 and safcguarding
policy and procedures.
Th¢ Ord¢r will ronlinuc to b)ok for new ways of ￿nd raising durti)g the ycar and seek 10 aitsaci new donors. li wlll ako
¢onlinu¢ w d¢ve knp gur promot￿nS r¢sourc¢s and maieriil. li will cont￿Ue kn devek)p I￿kS with other TegNins Trf th¢
cengregation 10 foster thc exchange of pcrsunncl. li will a150 Continue to 5UPPOrt the educalK>n of thture prKsts and
broihets for (he Order. The Provnice wll Cont￿lle ￿ buikl on the work already be lli8 And seek new way5 to promoTr and
deve lop the WOTk ofihc 1rusi.
FINANCIAL REVIEW
Investment poll¢y and oblectlves
Thc Invcslrneni PortfolK) is Suitab￿ dwers1￿d lo reduc¢ Vo￿tilty. The charity's bn8 Icrm ltrn¢ horizon and the key
Ivestmenl r￿k i5 infiaiK)n. The Trustees wish io tsrgel B iolal r¢wm obF¢iivc of uinaity)n plus 40kn ov¢r the bng term
2nd selected the Charity MuhpAss¢t Fuvd in orf¢r to a¢hi¢ve this. The tru51ees w￿uld also likc a rcgu&r, sustainab
income from thcw lliveslmenls and have chosen to inv¢sl in the distribut￿n unts whKh iarg¢l a 4¥¢ di%iributK>n per
annutn. The charily i% abk to lokr8ie Vo￿11]￿Y of capit21 vglu¢ ￿ line with the pursuii of ihe k)ng *mi ￿VeStMent
tsbiective. the PTe5ervBtion of the r¢ul ¢apilal valu¢. Th¢r¢ ar¢ Do anticipatcd Capital cash fiow needs and IhB Charty
has the capacity lo absorb short term knss¢s wnhoul prejud￿1n8 the k)ng tcnn sustainabilty.
Pfige 3

Sacred Heart Fathers Trust
Rèport of the Tru$tses
for the Year Ended 30 June 2022
FINANCIAL REVIEW
Reseryes pollcy
Th¢ total ¢harw fvnds have decreased froln £12.OOtn 10 £11.4m during ihe year. Included With￿ th¢ total fvnds are
resirKTrd funds of £O.ZOm 12021 £0.20ml. Free re5erv¢s arc dcfined as unrcstrKled Teserves repres¢nl¢d by thc total
ofcurreni asseis kss creditors. The free reserves al 30 June 2022 were E2.75tn12021 £2.8Om}.
T8ng1bk ass¢is for use are excludEd on the grounds that they are used oper0t￿nal￿ and Ih¢ir di4posal may advetsety
nnpaci on the Charity's ability lo deliver its allns.
The Pensx)n AuEmentaiitin fi]nd rcpr¢5¢nted by £6.5m invcsThents is also cxcluded on thc grounds thai Ihc charty i%
Obl￿ed 10 seek a return on cDpilal lo ¢ontnbuie towards the on80￿￿ personal upkeep and ¢051s of elderty olld reiitd
PT*5ts.
The charty's reserves poltcy recogn￿eS the requiremeni io level of fr¢¢ r¢5erv¢5 that provvjes the folltswing
10 5uppon varx)us Charrtab￿ a¢iiviiiCS.'
Working C£pita I
Funding of capital proF¢is IhAI main19in, llnprove and develop (he chariiy's portfobo ofbuildings tsnd aCtivit￿s.
AVH l￿ble fijnds that be requwed in th¢ eveni of emer8enc*s and unfoTeseen events.
B¢tw¢en 5 and 7 years running ¢xp¢nse5 al a ￿Ve1 of approxllllaiely £400.000 Are a guKte fi)r th¢s¢ purpos¢s.
On b38￿ a¢tu81 fre¢ r¢s¢ryes need 10 be beNveen £2m tnd £2.8m
s well as managing free teseTh*s the charty tnonitors cash flow5 Care￿Ity to ensure that fijnds are &vad&ble
to meet onxoin8 operating and vapital ￿qu￿￿menL￿. At th¢ ¢nd of the year unrestrKled cash ai bank was £2.80m 12021
£2.84ml
The tru5t¢es revrw and monitor reserves on an annual basi5 and where they wjeniify reserves ri%e or Fdll 5vJn(Kantty
8bov¢ or below their tar8¢c Ih¢y consider ifcorreciive a¢tk)n i% necessary.
The prov￿claI Bursar rport5 ￿gularty lo the Trustees and receNes financBI reports bi-ttnnuAty from all the
¢ommuani¢s wh￿h arc ihen rev￿w¢d.
Cash R•soNos and Inv05tments
From the baLgn¢e sheei on page ckven ofthis repoTt it can be Seen Ihfyi there was tt decrease ￿ the vaTu¢ ofih¢ trust
from £1 1.996,895 10 £11.437.251.
Cash held in baJ)k a¢¢ount$ and ryi hand has maTginalty dccreased from £3.040.175 to £3,007,360.
The land ai Redboume in Heftfordshire remfyins ki out as fami ￿lld. We rene8oithi¢d th¢ reDI 4 kw y¢ar5 ago but we
conlinuc 10 bok into ways that thts resource can improve it5 return for ihe Irusl.
Page 4

Sacred Heart Fathgts Trust
Report of the frust••s
for the Yèar Ended 30 Jung 2022
STRUCTURE, GOVERNANCE AND MANAGEMENT
structure
The Congregat￿n of the Ptists of the Sacred H¢8rt {SCJI was founded lli FT4nce. in 1878. In fjT¢g1 Briiallj and
]reLqnd the Congreg8lk)n ts known 8$ the Sgcr¢d Heart Father5. In olheT Parts of Ihe worw its members arc known as
thE Dehonkin5 in reference lo th¢ Found¢r. fr. John Dehon.
The Sacred Heart Fatheys i% a Religious
Congr¢g81ion of m¢n wrthin th¢ Roman CaiholK Church. It i% an internat￿nal RehgK)Us Congrega￿￿ ofover 2300
Pr￿st5 and brothers living and workin8 M 42 ¢ounlTKS in five cont￿entS. Th¢ Congrc8aib)n i8 div¥Jed into Provtice5.
Reg￿n5 and DK51r￿ls.
The Great Briiatii
Irebnd Provin¢¢ ¢ornprwes Engknnd, Scotland and I￿kn￿d.
The
Congregaik)n firsi c8tn¢ 10 EnEland in 1936, to Scotland in 1970 and 10 IreLgnd ti 1978. Within Gre31 Britaffj and
]re￿nd Iihe GBI Provinc¢l ti operates as a charnabk trust with a singk goveTninE body. Bam¢ty th¢ Provinciil Council
which manag¢s the group accord￿8 10 the ttusl deed of the ChaEty 8nd the Canon of the Church. The Prov￿￿￿11
Council are Ihc truslce5 ofihe charty 108ether wilh Ihe bursar.
There are regU￿r Mee1￿8S of ihe proV￿claI Council Ihrou8houi Ihe year. Fiianckl mallers are discussed by a ￿ance
¢ommKiee Bnd by the trustees al deS￿n&￿￿ moelings. The Sacred Heart FAiheTS operate m aG¢grdan¢¢ wnh the
Constitutions and th¢ Provincul DYc¢tory of Sepi¢mb¢r 2014.
Rlsk Management
The trustees A¢eepl their Tcsponsibility to carry out and to r¢spond lo a YeguL2r rcv*w ofthe risks lo ￿yh￿h the Charty 15
exposed. By mcan5 of audits and Expert BU￿aliCe they s¢ek lo ¢n5ure Ihjt appropr&7tr financial controLq are in pknce lo
provide reasonable &ssurance 484insi error tsnd fraud. MBnagemenl r¢oomm¢ndalions ar￿ing trom the annual audit are
fijlty dtscussed ai a ￿onCe meelng of ths truste¢5 and changcs arc r¢quird to be madc thcse arc
iMp￿￿ented as fully and quickty as possib￿.
Publlc Benefit
The trusiees acknowkdge ihe Charny Commi5sts)n's BtsKlan¢e on Publ￿ Btnefft and have tok¢n lh￿ nto account whcn
revIew￿g and p￿Arting their activit￿$. In their pknnntig for 2021 2022 they conS￿ered lli part￿uknr. how besi 10 use
Ihc resouTCCS of the Charty in re5pecl of Ilie duty ofcare ow¢d 10 th¢ okler m¢mb¢rb parti¢uLqrly in response 10 the
Covid 19 Pandern￿. They a150 approved the coniinued devek)pmeni of Ihe communffy house in [n£h￿ore Dublfft to
provide berter fac11n￿S for students and the carc of thc eldBrty meTnbers of the COmTnunty resOent Ih¢r¢. They aL40
examined ai ways 10 devebp the fdiilit*s 81 Smithsiene House to provide better facilit￿$ for visitors 5¢¢king r¢tr¢al and
P¢Tsonal renewal.
On4olng Tralnlng I Profvsslonal Development
New trustees are given niducik)n and tTaintiig as appropria￿ and have b¢¢n PTovid¢d With ttkvant materiaL ICC3. &
CC35. from the Charity comm￿SK)n for Bllgland and Waks)
The butsor aiiends coursts and confe]en¢es designed to keep up-to4#te with best Pra￿t￿e in Bri¢au) ond Treland.
He has professK)nal Dssi51anc¢ from a firm of chart¢r¢d a¢¢ounlanis wilh understanding of the Charny sector. The
bursar is a member of the Associatton of Provtsic¢ Bursars IAPBI and partKipaics til prof¢ssK>nal devebpmenl
pro8r8mm¢s naiK)na lty and int¢rnaik)nally,
REFERENCE AND ADMINISTRATIVE DETAILS
Rg915tsr8d Charity numb9r
Prfnclpal address
St John's
266 Wellingl(>n Road North
s￿Ckport
Ch¢shi
SK42QR
Page S

Sacred Heart Fathers Trust
Report of the Trustees
for the Yèar Ended 30 Jung 2022
Trustees
R¢veT¢nd Fl Hanky SCJ
RBvcrendJ KeltySCJ
Reverend J Matthews SCJ Ite5ign¢d 1.3.23)
Rcvercnd R MDnn SCJ
Reverend P Murphy SCJ (reS￿n¢d 1.3.Z31
Keverend M Szahva SCJ lappoinled 1.3.231
Reverend M S Tem80 SCJ lappoinl¢d 1.3.231
Auditor8
SB&P
Chartetcd Ac¢ountsnlS &Sialutory Audtior5
or￿ l House
218 Orrl Road
Bootk
M¢vsoys¥J¢
[20 7EP
Principal Solicitors
Royds RDW
2 Crane Court
Fk¢iStr¢ci
ix>ndon
EC4A 2BL
Principal Bank
Lloyds Bank
Rcgeni Slreci
Wrexham
tLI I ISE
Registered In S¢otland
SC041571
Rgglstered In Irglond
CHY7096
STATEMENT OF TRUSTEES. RESPONSIBILITIES
Thc iTU$l¢¢$ are rtspon5ibk lor preparing Ihe Re port of the Trustees and the financwl 51alemcnts in accordanee with
law fyppli¢2bk 10 charities operAting in England ￿nd Waks. gnd in Scolknnd, namcty Ihc Charnies Aci 2011. Ch&rity
IAccoun15 and Report51 ReguLItK)n5 2008. the Charli¢5 and I'rusie¢ Investh)¢nt IScoiFaftdl A¢1 2005. Charit￿S
Acoounis {Scol￿nd} Regukniv)ns 2006 and the PYOViSK)ns of Ihe trust deed requves the trustees 10 prcpar¢ finan¢wl
siai¢m¢nts for ¢a¢h financia l ycar wh￿h givc a truc and v￿W ofilic slate of affDirs of ihe ¢harty and of th¢ in¢omllig
sources and appl￿4110￿ ofresources, ￿clUding the income and expend¢ur¢. ofthe charity for Ihal perK)d. tn preparin8
thos¢ financrdl giatcments. the knstee5 are rquwcd to..
se kcl suitable accounting poliC￿S and then appty them consistsnity;
obs¢ry¢ rh¢ m¢thods anij pm¢ipks in the Charily SORP.,
makc judgem¢nis and egi￿nateS thai ore reasonabk 2nd PTlldent'.
PTcpllre ihe ￿anCi41 statements on th¢ going ¢on¢crn b95i5 unk5s it ￿ iiapproprMl¢ to presume thai th¢
charity will Cont￿Ue in busine5S.
The trustees are respon5bi k for keepins proper accounling records wh￿h d￿¢￿Se wrfh y¢a50nabk accuracy ai any
time the fin&ncittl posit￿n of the ¢hArty and lo cnabk them lo ensure thai the finoncrdl siaiemcnts compty with the
Charit￿5 Act 2011, the Charty (Accounts and Reports) Regu￿1￿)n$ 2008. the CharnKs and Trusiee InvesiTnenl
Iscoikndl Acl 2005, Ihe Charit￿S AccounTs (scot￿nd) Regu￿1￿)n$ 2006. and Ihe provision5 of the trust deed. They
aTe rcsponsbi ￿ for s&kguarding the as5¢ts 01. th¢ ch&F￿Y and h¢Thc¢ for taking re950n￿bI& 51eps for th¢ pTeveni￿n
and detec1￿￿ of fraud and other irre8uLiritKs.
Page 6

Sacred Heart Fzthers Trust
Report of the TnJ3lees
for the Y¢ar Ended 30 June 2022
Approved by OTd¢r ofthe board of trustees on
21 November 2024
and sgned Dll rfs bchalfby..
Rev John Kelly SCJ
Reverend J Ke Ily SCJ Trust¢¢
Page 7

Report of th• Independent Audltors to tho Trustgè$ of
Sacred Heart Fathers Tw$t
Oplnlon
We heve audned the fin8n¢ial $lXleTnenls of Saorcd Heart Father5 Tru51 (th¢ 'charny? for Ihe ycar ended 30 Jun¢ 2022
which ¢ompri%e the State￿Ent of F￿an¢ll1 Activl￿s, the Balance SheeL th¢ Cash Flow SiaieTnenl and nows lo the
financial slateme￿I$, including a summary of significant a¢¢ounting polic￿5. The financkql reporting framework thai has
been apPl￿d in Ihew prEparation is appI￿ab￿ law and United kn8dom Account￿9 Sthnddrds (United Kingdom
Generaly Aecepied Aceountujg Pr3cli¢¢l.
In our opIn￿n the financwl slalemenl5'.
give a true and fa￿ view of the slat¢ of the charty's affaws i& at 30 Jun¢ 2022 and of its in¢oTllinE re50UT¢¢5 and
applIcat￿n of rc50urce5. br the year then ended.,
hDve been pioperty P￿pared ￿ accordance wnh United t&ngdom Gen¢rally A¢¢cpt¢d A¢ctsuniing PrACt￿e. Ind
b¢¢n prepgr¢d ￿ accordancc wih the requ￿eMentS of th¢ Chariti¢s Acl 2011 and the Charitr5 and Trustee
Invcstm¢nl Iscotfyndl Act 2005 and re8uLgik)n 8 of the Chariti¢s Accounts (scotla￿￿) Regu￿¢￿)￿$ 2006.
Basis for opinion
We conducted our audii ACCO￿&￿vK wth InlernaiK)n&l Standards on Audit￿8 IUKI IISAS (UKII and appI￿#b￿ knw.
Our re5ponsibililies under thos¢ sljndards are ￿tther descrbi ed in the Auditor5, r¢spon51biliiies for the audit of the
financial slaleTnenls sC¢t￿n of our Teport.
We fyre indep¢nd¢nt of Ihc Charty in a¢¢ordance with th¢ eth￿al
r¢quir¢m¢nts Ihal arc rt kvani 10 our audit of Ihc financigl st31ern¢nls in Ihe UK in¢luding the FRC'5 Ethical Stsndard,
and we havo luifilkd our oiher eihiial rEsponsbi ilit￿$ ￿ 8c¢ordance with Ihese rtquiremtnls. W¢ b¢ S￿Ve that the audit
¢v￿en¢t we have obta￿¢d ts sUffic￿nI and Dpproprwi¢ lo provKle a basts for OUT Opin￿￿.
Conclu8lons rglatyng to golng ¢on¢em
In audiiing (he financial siaieThenl$, we have coTrclud¢d Ihai ihe truste¢8' use trf the going concern b8515 of accounting
in the preparation ofthe fmant￿l stAtem¢nts ￿ appropria*.
Based on the work we have perfornied. w¢ hav¢ noi ¥Jentifjed any ma*rial uneertanitEs rektu)E 10 ¢v¢Dts OT condnhins
thtti. Indi￿ldUalty or colkctwety. may ¢851 significani doubt on Ihe charity'5 abllty to continu¢ 95 a going concern for a
period ofat kasl t￿1ve months from when (he fnanciq I sthiements are Authortsed for tssue.
Our responsthililrs and the r¢spon5 ￿lIll￿S of the mjsiees with respect to goin8 concern ar¢ d¢5¢r*•¢d in the relevant
seclK)ns of thi% report.
Oth•r Inforniatlon
The trusiees are TesponsTbk for the other nlf0rni8t￿n. The oih¢r infornarK)n CoMpr￿e$ Ihe infomaiR)n ￿(￿ded in th¢
Annual Report. other Ihan Ihe finJnc&ql Sla* ments Bnd our R¢port of (he Independent Auditors thereon.
Our opinKJn tsn the financtal 51al¢rn¢nis do¢s noi cover Ihc other iifoTmO1ion 2nd. excepl lo th¢ ¢xt¢nl oiherwise
explicitty stakd in our r¢poTL w¢ do notexpr¢ss any rom of8ssuran¢e ¢onGIu5i)n therron.
Tn conneclK>ll with OUT ofih¢ financial stai¢m¢nis. our responsiThtlity i$ 10 rexd the other ￿forMation and, ￿ do2ng
so, Cons￿eT wh¢iher th¢ other inforniat￿n ￿ materially Mconsislcnl ￿￿th the finan0￿1 slBtcmenls or our knowledge
Obta￿ed ￿ the Budit or otherW￿e app¢ars ￿ be rnaierk?lly m￿s￿lLd. If we Klenlify such matrrigl ￿COnSiSten¢￿$ or
appttrent mater￿1 mi%5tai¢m¢n15. we are required to deiennine whether thi% gNe5 rise lo a mal¢rkil m￿sta1¢Ment the
8nci?1 51atemenls Ih¢mselves. If, based on the work we hove performed, con¢￿de thai ther¢ i8 a mlllerFal
mis5ts1em¢ni of this oih¢r ￿lfo￿allon, we ale requTrd to report that fa¢l. W¢ hav¢ nothtiig 10 r¢port in thts rcgard.
Matters on which we arg rgqulrod to report by exc•ptlon
W¢ havc nothing lo rcport ￿ re5peci of th¢ folbwing mlliicrs where th# Charti*S IAc¢ounts and Rcport51 R¢8ulaiTons
2008 and the Chllrilks Accoun15 Iscoihndl Regulaiions 2006 requires us 10 report lo you if, ￿ our opuiK>n'.
the inforrnDlion giv¢n in the Report of Ihc Trustees iq M¢OllSiSlent ￿ any m4t¢r4I1 r¢sp¢cl with Ihc hancral siaieThents',
or
suffi¢Knt accounting vccords have not been kept. or
thc financia I stsiemenis are not in igTeemEnl wtih the accounting records and reiums,. or
w¢ hav¢ nol recetved all the ￿rOT[n&t￿n alld explanaiK)ns w¢ r¢quire for our audi.
R•5ponsibllitTr88 of trustegs
A5 explained more fully the S121eTnenl of Trustees. Rc5ponsibilili¢s. Ih¢ Iru51eC5 ar¢ rcsponsibk for the preparat￿n
of the financMI siaiemcni8 whKh give a true and raw vrw. and fi)r such niernal conirol as Ihe trustees deterni￿¢
n¢¢¢ssary 10 ¢nabk the p￿parat*ll of finllnCi￿l 51at¢m¢nts thgt 4re fic¢ from matsrk31 M￿$11¢eInCn( whcih¢T du¢ lo
fraud or errol.
tn Prcparing the hancial slaremenls. the trusiecs aTe respons1b￿ for as5es5ing th¢ charty's abilny io continue ns 8
going concern. di4¢k)stiig, as appI￿ab￿, maiters rtklied lo going concern and usuig Ihe 80ing concem basis of
Accountllig unless th¢ trys*¢s etther niiend 10 lÈquTd8ie the eh&Tty or to cease op¢rgtK)ns. or have no reats5t
fthernative bul lo do $0.
Pag¢ I

Report of the Independont Auditor5 to the Trusto•s of
Sacred Heart Fathers Trust
Our resptsnslbllttles for the audlt ol the Itnancial ststements
We have been appointed a5 3udilor5 under Sect￿￿ 144 of th¢ Charit￿$ Act 2011 And und¢r S¢¢tiJn 4411)c of the
Charities xnd Tru51¢¢ Inveskneni IS¢oiLMndl 2005 and r¢port lli accordanBe wth th05¢ A¢r5 and relevant
regU￿t￿nS made or having e&¢1 Ihereunder.
Our obi¢¢rivc5 are lo Obta￿ rtasonabie assuranc¢ aboui whether the fintsncTAI 51alements as a whok are free from
rnai¢rial rnis51aiemenL whether due to fraud or error. and to ty$u¢ a Rcport of the Ind¢pendenl Auditor5 that In¢￿deS
our opniTon. Rea5on8bk assurAnce ￿ a hish kvel of as5Utance, bul il noi a guarantee thal audit conducted
accordance wffh ISAS (UK) will always d¢ie¢i a tnalerBI M￿StateMenT when I extsts. Mi55tstements Can aTtsC from
fraud QT erroT ond ar¢ considered material if. tidiv￿￿a1ty or lli the aggrtgate, they could reasonably be expecied lo
fluenGe the econom￿ dec￿10￿$ of users taken on the bas￿ of these finan¢rdl st&lements.
Th¢ ¢xt¢nl to which our pro¢eduTts &re c&p&ble ofdeleciing fft8ularilies, includ￿8 fraud ￿ dereded below..
The obie¢iives of our 3ud¢ are to ￿entify and a5ses5 the ri5k5 of material misstaEemeni ofthe financ￿1 stat¢m¢fjls due
10 fraud or error., lo obta tsi SU￿￿nI applDpr￿le audit ¢vidence regardthg the asses$ed risks of marerial mii$ialeEnenl
due to fraud oi ¢rror.' and 10 respond approprEi¢ly to thosc r￿ks. Owing lo the tnherenl linitalions of an audit. there is
an unavotdabk risk thai mate N I misstatements in the 6nan¥ial siaiements may not be detected, even though the audit
property pknnned and performed ￿ accordance with the tSAs IUKI.
identify￿8 and assesslli8 risk of rnat¢rMI mi£sraiement ￿ respe¢l of iry¢guLqrll￿5. ￿¢￿dIng fraud
non-compliance with laws and regulalK)ns. our pro¢eduTCS ￿clUded the folbwing..
W2 obtsin¢d und¢rsthndin8 of the kgal and regU￿tory fram¢work$ applicabk lo the Gharly and Ihe secior in which
il oper&ies. We deierrtsied thai the folbwing hws and rCgJknt￿ns were tnost signthcant.. the Charit￿5 Aci 201 I, the
chaT￿￿5 and Trustee Investmcnl Iscoitsndl AGt 2005, r¢8UL2t￿n 8 of the ChaTitK5 Accounts Iscouandl Regulat￿n$
2006, UK corporaE¢ tax laws. UKemploytllEnl tsw5 and UK heakh and s& fety ￿￿￿]*tionS.
W¢ obtain¢d an und¢rslandin8 of how the Charty ¢omptying with rhose ￿SaI and regU￿tOry fr3rn¢works by mak￿8
enquiries of manllgemcni, rcv1cw￿g the b03rd meetuig minu*s, and reviewing the ￿&Al ¢osi$ ￿curred in the year and
¢nquiring wnh management to the ¢wcttmsranc¢s around thcsc kga I cosrs.
Wc ass¢ssed the susceptibiitty of the ChJrity'5 financKIl 51aiemenlS 10 Mater￿liY mi55ralcmenL includtiig how hud
might o¢¢ur. AuJil pro¢edure5 perfotmed by the audn engagement team inGknd¢d..
enitying Ihe ¢olltro& that rn4nagem¢nr has in place fo prcvenl and dele¢f fraud..
Chaltenging assumptions and juégemenis made by tnallAgernenl in its significant accouniing esiimaks,.
auditllig fhe ri4k of managemcni oveTTtdc of controts. includng through testing fvurnal entr￿3 and other adpslrn¢nts
for appropriatcncss. and evaluatin8 the busines5 ratK>nab of s￿nI6¢8￿1 rransaciions outside th¢ nonnal course or
business..
assessing the of compbBna¢ with th¢ rekvant knws and regu&tK)ns.
and
A fvrtheT descript￿n ofour responsibilitrs for the audit of thc financial 5t&temenls is k)¢atcd on th¢ Finan¢k?l Reptrrting
Councifs website ai www.frc.org.uk13uditors r¢5p0nsthilil￿$. Thi% desCr￿li0n fornis part of our Report of the
]ndepeDdeni Auditots.
U$e of our r•port
This report m&d¢ 50k ty to the charty's trnSlBBs, as a body, in a¢¢ordancc with Part 4 of the Charfties (Accounts and
Report51 Re8uL4tK)ns 2008 and in a¢¢ordan¢e with Regulation 10 of Ihe Charlies A¢¢ounisIScoilAlldl R¢gufglions
2006. Our audit w)rk has been undBrtaken so that ￿ mighi srate lo the charty'5 trustee5 those matters wc are
required io siaie 10 Ihem in In auditors, report and for no other purpose. To the Ful￿St eKtent permitt¢d by ￿w. we do
not &¢ccpi or assume respon$ibdty 10 Enyone other than the charity and the charity's tru5t¢es as a body, for our audit
work, for this r¢porL or for the Op￿￿)n5 we have forned.
SB&P
Chartered Accountants & Sthtuiory Audtiors
OT*1 House
218 Oriel Road
Boot
MerseYs￿e
L20 7EP
Date..
22.11.2024
Page 9

Sacred Heart Fathers Trust
Slatsm•nt of Financlal Actlvities
for the Year Ended 30 June 2022
30.6.22
Total
funds
30.6.21
Totsl
nds
Unrcsiricted
fiJnd$
ReStr￿ted
fjjnds
Notes
INCOME AND ENDOWMENTS FROM
Don&lion5 and ￿9a¢￿S
110,908
1.620
112.528
70,276
Charitsble ac¢ivlttes
General
98.907
98.907
133.541
Other tTadiig activi*s
Investsneni iicome
16,112
276.092
16,112
276,092
770
268,501
Total
502,019
1.620
503,639
473.088
EXPENDITURE ON
Raising funds
20,555
20,555
18.901
charltable aCt￿ltIeS
Get)eral
587.938
587,938
499,087
Total
608.493
60B,493
517.988
Nei gain51(k)sse51 on inve5M)ents'
1454,7891
14S4.7B91
723.194
NET INCOMEIIEXPENDITUREI
15613631
1,820
1559,8431
678,294
RECONCILIATION OF FUNDS
Tota I funds broughi forward
11.792,178
204,717
11.996,B95
TOTAL FUNDS CARRIED FORWARD
11,230,915
206,337
11,437,252
11.996.895
Thc note$ form pllrt ofth¢$e 6nan¢ial stsietnent5
Page 10

Sacred Heart Fathern Trust
Balance Shè8t
30 June 2022
30.6.22
Total
fund¥
30.6 21
Total
fvnds
UnreStr￿l¢d
fuDd5
Re5trfted
nds
Note5
FIXED ASSETS
Tangibk assets
Inv85trn8nts
Inve51Tnents
Inv¢51rn¢nt prop¢rty
1.981,471
1.981,471
2.042,2JO
6.452.618
so.000
6,452,618
50.000
6.907.407
50,000
8,484,089
B,484,089
8.999,657
CURRENT ASSETS
Debior8
CH5h al bBnk and in hand
71
2,801.024
71
3.007,360
71
3.040.175
206,336
2.801,095
206,336
3.007.431
3.040.246
CREDITORS
Amounis fallng due within one year
IS4,2691
154,2681
143.0081
NET CURRENT ASSETS
2,746,B26
206,337
2,953,163
2.997.238
TOTAL ASSETS LESS CURRENT LIABILITIES
11,230.915
206,337
11,437,262
11.996.895
NET ASSETS
11,230,915
206,337
11,437,252
1,996,895
FUNDS
UnrcslrKt¢d fvnds
RestrKTrd fjjnds
11.230,915
206.337
204.717
TOTAL FUNDS
11.437,252
1,996,895
The financial
siaiemenis
weTe approved by the
.21.NoyRmb.or.2Q24llnd wer¢ S￿ne￿ on 15 bchaifby..
Board of T￿stee$
and 2UthoTi%td foT i4$ue
on
Rev John Kelly SCJ
J Kelly SCJ - Trustee
Thc notes form PDrt ofthese finan¢iBI stsl¢mcn15
Pag¢ 11

Sacred Heart Fathers Trust
Cash Flow Statement
for the Year Ended 30 June 2022
30.6.22
30.6.21
Notes
Cash flow8 Irorn operatlng aCtIv￿e3
Cash gencrated from operaix)ns
1307.3321
1138.1791
Nei cash used in operating activn￿5
1307,3321
1238.1791
Cash flows from Inv•stlng activlti
Pur¢hgse of langibk fDted b55ets
Interest receiv¢d
Dividcnds r¢c¢ived
2,547
271,970
1,346
265.580
Nei cash ptovided by invesiing ac[Nit￿5
274,1517
249.908
Changg In ¢a8h and eash equlva18nt8 In
the r¢portlng period
Cash and ¢a8h equivalents at ¢he
boglnnlng of the reporfng p?rlod
132,8151
11.729
3,040,175
3.028.446
Cash and cash gqulvalgnt8 al thg gnd of
the reportln9 period
3,007,360
3.040.175
The nni¢s fortn part ofihe5e finan¢Tal siawments
PBge 12

Sa¢rod H•art Fathèts Trust
Note8 to the Cash Flow Stslgment
for th• Year Ended 30 June 2022
RECONCILIATION OF NET IEXPENDITUREIIINCOME TO NET CASH FLOW FROM OPERATING
ACTIVITIES
30.6.22
30.6.21
N8t lèxpendltureyincome for the reporttng perlod la8 por th•
Statement of Finan¢lal Actlvitiesl
Adjustments for.
Depre¢kiiti)n charges
Lnsse51{8dinl on inVESttllents
L055 on diqpo$lll of fi￿ed is$ei$
Inleresl releived
Divid¢nd5 ieretved
Tncrease ￿ ¢r¢dittirs
15S9,6431
678,294
60,780
454,789
60,886
{723.1941
12,547
1271,9701
11,259
11,3461
1265.5801
12,758
Net eash used In operatlons
1307,3321
1238.1791
ANALYSIS OFCHANGE5 IN NET FUNDS
Al 1.7.21
Cash tbw
At 30.6.22
Ngt Cash
c￿$b DI b2nk hond
3.040,175
132,8151
3,007,380
3,IJ40,175
32,8151
3,007,360
Totsl
3.040.175
132.8151
3,007,360
The nai¢s forni part ofihe5e financ￿1 51atemenls
Page 13

Sacred Heart Fathers Trust
Notès to th• Flnanelal Ststèments
forthg Ygar Ended 30 June 2022
ACCOUNTING POUCIES
Basls of preparing the ff nanclal statements
Th¢ financial slaleTn¢nls gf the ch8rty. which ￿ a publK b¢nefft entity under fRS 102. have been prepared in
a¢cordanc¢ with th¢ CharitKs goRP IFRS 1021 'Ac¢ouniing and R¢porttiig by Charitxs.. Sts*meni of
R¢¢ommcndod Prnctl¢¢ appI￿ab￿ 10 charA*s prepamg thetr accounts tsi a¢¢ordan¢e with ihe Finan¢iql
R¢purting Standard fjpplKabk in thc UK and RepublK of Ireknnd (r.RS 1021 l¢lk¢iNc l January 20191..
Financial Reportnig Standard 102 'Th¢ Fuianc*l Reporting Stsndard appb¢abk ll the UK and Republic of
Ireknnd, and the Charities A¢1 2011. The financial siatemcTlts htve bcen prepated under the historical cost
conventK)n. wrfh the ex¢cplk)n ofMvesttnenis whKh llrE ￿tl￿ded Ét tnarkel v&lue, os modifiBd by the reValuat￿n
of ¢¢rtain 955¢ts.
Incomè
All ￿cOMe is recognised in the Slaiemenl of Financ*1 ActivitKs onee the charty has Clliitkmcnt lo the fijnds,
is PTob&bk thai the income wll be received and the omount con be measured relmbty.
Expendlture
Lilbliilrs are recogni%ed 35 expenditure 05 500n &5 there is a ￿gaI or constructive obligat￿￿ committin8 the
charity 10 that expenditure, it is probabte that B transfer of e¢ono]nic benefit5 wdl be requwed in 5ettkmenl and
thc amount of the obligation can be rn¢asured r¢lkibty. Expenditure i5 accounted for gn nn ac¢ruaLs bas￿ and
has b¢¢n cL4sslf￿d under heBdlligs that aggregate all c051 rebted lo the category. Where cost5 cannoi be
dwectly gttrbi uted to part￿ll￿r heading$ they hBve b¢¢n 8lk)cat¢d to activit*s on 8 b&$i% con$tstent wih the u$
ofresource
Support costs
Co51s whKh, while ne¢es5ary kn debvtr an actiyily, do noi themselves produce the activity. They iiclude the
Ccnrral office ￿nCt￿ll$ of the chaTty and arc often apportK>nEd to aciivit*S. The &mount shown here É the total
amouni of support C051s (for charitab￿. fvndraisin8 and 8overnance aclivit*sI in¢lud¢d in Tesources expended.
They are appOrt￿n¢d ai ihc folknwing perccntsg¢s.
Gov¢rnall¢e ¢osts
Premises c0515
CommunicaiK)n costs
Travel
P¢rsonnel
loo%
io%
- 50Yo
-25%
io%
-25%
Gov•man¢e costs
Exp¢ndrure on the 8overnancE tosts ofthe chartiy llicludes expendffurc that ¥elRt¢s spc¢ificalty lo the strnlcg
and fvwr¢ devcbpment ofthe chttrity.
Tangible flxed assets
D¢preoiqI￿n is provKled Bt the folbwing annuul rates in order 10 writ¢ off each 4ss¢t over it5 estimated v5¢fv1
Fr¢¢hold property
Equipment and fvrniturc
Mtrior Veh￿￿$
Compuier egUtpm¢nl
20/0 on cosi
50/e on reducing balanee
25% on cost
25% on reduc￿@ bA&n¢e
Invostsngnt property
The inv¢5tmenl property hD5 been valued 21 £50,000 by the board of tNst¢¢5.
Taxation
The charity i8 exempi from lax on its ¢harilabk 8¢livitks.
Fund accounUng
un￿$tr￿lCd fund5 be used in a¢¢oTdanc¢ with thc ¢hgritllbk obiBCtiYes at ihe di%¢reib)n ofthe trnstee¥.
De5ignal¢d fvnd$ compri%e unlestricted fvnds s¢t as￿¢ by the truskes br part￿UL1r purposes. The tN51ees
opeTate each COllLtnunity and proF¢t ofthe ¢ha¥ity as a $¢p&rate designated ￿nd.
ReStr￿ted fullds can only be uscd for parti¢uknr r¢stri¢ied purposes wnhMI th¢ obi¢¢ts of the charity. Restriclitins
arise whcn specified by lh¢ donor or when fijnds arc raiscd for partKular restri¢t¢d purp05¢5.
Pa8¢ 14
continued...

Sacred Heart Fathers Trust
Notès to the Flnanclal Statements . ¢ontlnued
for the Year Ended 30 June 2022
ACCOUNTING POLICIES- continued
Fund a¢¢ounting
Further expknnlllitin ofthe natUTE a￿d PUTpose of¢&¢h fund ￿ TrC￿ded li ihc notes ￿ Ihe fjnanciil statements.
Fund tran5fErs ocBur b&4nnualty in the charty to T¢glb¢al¢ financial r¢sour¢¢s b¢twcen the designated fijnds
and the geneTal ofthe ¢h2Fity. Fund5 rai4¢d or donal￿nS aUthOr￿ed by the trustees, for Ihe restric*d
8¢1ivities Bre aLso trttn$f¢Tr¢d.
Foreign currencles
Ass¢ls Dnd liabilli￿S in foreign cunencK5 are transLRtrd into sierlnig 81 the Mfrs of exchartge ruling at the
ba￿nce sheel date. Transactions in foreign cunEn¢￿$ ale knnsbied ￿10 sierling ot th¢ rat¢ of exchangc ruling
al Ihc dai¢ of tt8nsact￿n
Investsnents
tnv¢stmenlS are ￿Cluded in the financial 51al¢ments at the year ¢nd market value. Jncome from njvestments.
bank and other deposts arc includ¢d on an accruab bas￿.
DONATIONS AND LEGACIES
30.6.22
30.6.21
Donations
Ma5$ 51p¢nds
Stok fecs
S uppty fees
Educaiijn and training
30,833
23,392
2,041
4,128
52,134
17,378
32.571
1,407
18.920
112,528
70,276
OTHER TRADING ACTIVITIES
30.6.22
30.6.21
Funifrai5ing ¢v¢nts
Other n¢om¢
16,072
1,040
770
18,112
770
INVESTMENT INCOME
30.6.22
30.6.21
Rents received
Dividend incorne
Deposn accouni iiteresl
1,575
271,970
2,547
1,575
265.580
1.346
276,092
268,501
Page 15
contlliu¢d...

Sacred Heart Father8 TruBt
Notès to the Flwranclal Statements- continued
for the Year Ended 30 June 2022
INCOME FROM CHARITABLE ACTIVITIES
30.6.22
30.6.21
Aciivffy
GEneral
General
coninbul￿ns from members
Grants
98,907
99,041
34,500
98,907
133.541
Gronts Teceived. llicluded in th¢ abov¢, ar¢ as follows..
30.6.22
30.6.21
Covid support grants
34,500
RAISING FUNDS
Inve¥trnent managemènt costs
30.6.22
30.6.21
PortfolB) rnana8ern¢n¢
20,555
18,901
CHARITABLE ACTIVITIES COSTS
S upport
51s 15¢e
not¢ 81
DiTe¢t
C051s
TotsL5
General
463,192
124,746
687,938
SUPPORT COSTS
Goveman¢B
Costs
Management
Oiher
To¢#is
Gencnl
35,940
1,255
87,551
124,746
TRUSTEES. REMUNEFIA TION AND BENEFITS
There were no trustse$' remuner&iK)n or oiheT benefits for the yeBr eLded 30 Jtsne 2022 nor for the ¢nd¢d
30June 2021.
Trustse3' txpen8e8
TheTe were no trus*es' expenses pAvJ forthe yeaT ended 30 Junc 2022 nor for the year cnded 30 June 2021.
10.
STAFF COSTS
30.822
30.6.21
Woge5 #nd saLgTies
Socig15e¢urity c05ts
43,636
5,421
41.948
4.686
49,057
46.634
The averHBe monihty number ofempbyee$ during lh¢ year was as folbw5'.
30.6.22
30,6.21
Charitable Activn￿5
No ernpbyccs ￿¢¢iVed ¢moium¢n15 ll) ¢XC¢55 9f£60,000.
Page 16
conlinued...

Sacred Heart Father8 Trust
NtsteB to the Financlal Ststements- contlnued
for thg Year Endgd 30 Jung 2022
11.
TANGIBLE FIXED ASSETS
Improvcmenls
to
prop¢rty
Equpmcnt
and
mtiure
Freehold
property
COST
Al l Juty2021 llnd 30June 2022
1,366,046
1,143,576
191,097
DEPRECIA TION
Al l Juty2021
Chargc fi)r y¢aT
461,906
27,321
215,539
22,874
11.163
597
AI30 June 2022
489.227
238,413
11,750
NET BOOK VALUE
AI 30 June 2022
878,819
905,163
179,347
AI30Jun¢ 2021
904.140
928,037
179.944
Fi%iures
and
fittin8S
￿ts￿r
vehicks
Computer
equipTnenl
Totals
COST
At l Juty 2021 and 30 June 2022
13,600
88,962
3,181
2,806,462
DEPRECIATION
Al l Juty2021
Charge for year
3,691
500
69.400
9,348
2,623
139
764,212
60,779
AI 30 June 2022
4,091
7B.748
2,762
824,991
NET BOOK VALUE
AI 30 Jun¢ 2022
9,509
10,214
419
1,981,471
At30June 2021
10,009
19,562
558
2,042,250
Tn¢lud¢d in Eqvipm¢nt gnd fvrniture urc painltigs and works of£rt th&1 weTe gifled io the ch8Tty ￿ 2002. These
ass¢ls gr¢ b¢ Irv¢d lo have Tesdua I values nol male rHlly different to the tarrying vahes and aTe theTefore noi
cprecrdicd. Th¢5¢ a5s¢ts w¢r¢ indep¢nd¢rtty vakned ui M4Tch 2002 with 8 value of £168.000. The repkcement
va￿¢ for uisurdn¢¢ purpose5 al Sepl¢rnber 2014 was ￿pproX￿￿￿tety £296,000.
AI 30 .lune 2022 Sm*hslone Hous¢ in Kilwinning Scotland, is dis¢k)$ed ai 8 carrying vabje of £273.047 in¢kJdtrg
tsnprovcmeni c051s Of £264.54D.
in ihe opinion of the ttuslees Ihi% has an approxitnaie Tnarktl value or
£750,000. The market volue of 811 orhcr frcehopj property not ¢onsid¢r¢d 10 b¢ Jll&i¢ri#Jly drf¢renl from th¢
caTryin8 values.
Pa8e 17
cont￿l￿ed,..

Sacrèd Heart Fathe1¥ Trust
Notes to the Flnanclal Ststèm8nts- contbnued
for thè Year Ended 30 June 2022
FIXED ASSET INVESTMENTS
UKquoled
fixed
iercsi
Other
inv¢stm¢nts
Tots
MARKET VALUE
Ai l July2021
R¢vahaity)ns
6,880,338
1447,4641
27,069
17.3251
6,907,407
1454,7891
AI 30 June 2022
6,432,874
19.744
6,452,618
NET BOOK VALUE
AI 30 June 2022
6,432,874
19.744
6,452,618
At30June 2021
6,880,338
27,069
6.907,407
There were llo knvestment 855¢ts oulsKl¢ th¢ UK
Co$1 or vÉlu&li)n &130 Jun¢ 2022 i5 repT¢5entrd by..
UK quotsd
flxed
Interest
other
Ilstèd
InveStm￿ts
Tolal?
ValuatK)n ￿ 2021
V2luatK)n ￿ 2022
6,880,338
1447,4641
27,069
17,3251
,907,407
1454,7691
6,432,874
19,744
6,4S2,618
13.
INVESTMENT PROPERTY
30.06.19
30.06.18
AgrKukurDI land - Redbourne, Hertfordshre
50.000
50.000
14.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.22
30,6.21
Other debtOTS
71
71
Pagc 18
continued...

Sacrèd Heart Fathers Trust
Notes to the Flnanclal Ststsm•nts . COn￿nUe
forthe Year End8d 30 June 2022
15.
CREDITORS.. AMOUNTS FALLING DUE wrrHIN ONE Y&4R
30.6.22
30.6.21
Other creditors
54.268
43.008
16.
LEASING AGREEMENTS
MniimuTn la85¢ payments under non-cancelknbk (kperatuig ka5es fall due 05 folk)ws.'
30.6.22
30.6.21
Wiihin one ye&r
Behveen one and fve years
6,249
1.898
5,276
5.457
,147
10.733
17.
MOVEMENT IN FUNDS
Nel
movern¢Dt
nds
Transftrs
beNveen
runds
Ai 1.7.21
30.6.22
Unre8trl¢ted funds
GenerDI fijnd
P¢n5Dn Augm¢nlatN)n
t￿Ch￿or¢. Dubtin
Promotions
Si. Joseph's, Sio¢kport
Smnhsione 14ouse
Si. John's. Stockport
Ardlea. Dublin
PilgrvnaBe FuTrd
4,503.029
6.870.628
234,709
55.913
1447,4651
160,9671
11,724,189)
2.834,753
6.423,163
368,337
184,596
126,5721
110,072
65,618
11,278
23,409
17,430
197,8931
133.4411
6,OS9
102
19,1421
n,779
1,506,171
16,337
23,511
65,600
1,473,994
11,792,178
1581,2631
11,230,916
R¢strfcted funds
Moldova fund
Fr O Wynne Book Fynd
189,903
14,814
1,620
191,$23
14,814
204,717
1,620
206,337
TOTAL FUNDS
11,996,896
1669,6431
11,437,252
Page 19
continued...

Saer•d Heart Fathers Trust
Ntste5 to the Flnanclal Ststomènts - ¢ontlnu¢d
for the Year Ended 30 June 2022
17.
MOVEMENT IN FUNDS. continued
Nei rnovcm¢Dt in ￿nds. included in the above ar¢ a5 folbws..
In¢omin8
reSoU￿e8
Res0￿r¢¢5
expend¢d
Gain5 and
losses
Mov¢n¢ni
fvnds
Unre8trlcted funds
Qencral fvnd
Pcnston AugrnenlAtTon
Inchi¢ore. Dublin
Promoth)ns
St. Joseph's, Siockport
Sm*h51onc House
St. John's, Sio¢kport
Ardka, Dublin
PiÈrThn8ge Fund
276.166
1211,9281
17,3251
1447,4641
55,913
1447,4661
160,9671
71.394
1132.3611
121
141,002
1105,5661
150,6551
166.S791
58,432
8,073
17,214
71,638
102
17,430
197,8931
133.4411
6,059
102
S02,019
1608,4931
1454,7891
1561,2631
Reslrlcted funds
Mobjova fund
1,620
1.620
TOTAL FUNDS
503,639
1608,4931
1454,7891
1659,6431
¢omparallve8 for mov•m•nt In fund8
Nel
movement
ui fi]nds
TTansEr5
b¢tw¢e
nds
Ai
30.6.21
At 1.7.20
Unrestrlcted funds
Genera I fund
P¢nsK)n Augmeni8iK)n
Inchicorc, Dublin
PToilloiions
SI. J05cph'5. Stockport
Smithslone House
Si. John'5, Stockport
Ardl¢a. Dubl
P ilgrThag¢ Fund
4.576,961
88.509
719.393
1162,4411
4.503,029
6,870,628
234,709
246.789
91.241
126.5721
110,072
65,618
78.127
47.757
8.451
23,407
15.255}
37,200
34,000
2,827
33,409
675,999
11,792,178
Rgstrtcted funds
Moldova fvnd
Fr O Wynn¢ Book Fund
187,608
14.814
2.295
189.903
202.422
2,295
204.717
TOTAL FUNDS
678,294
11,996,895
P8g¢ 20
continued...

Sacrod Hoart Fathers Tru$t
Note8 to ¢he Flnanclal Statements . conllnu•d
forthe Year Ended 30 Juno 2022
17.
MOVEMENT IN FUNDS- contjnued
Comparativ¢ n¢1 movement Ni fvnds, ￿ClUded in the above 8T¢ a5 folk)w5'.
tacom￿8
resources
Resource$
expended
Giins and
k>55es
Movement
ni fvnds
Unre$trlctod funds
GBllcra I fund
PensK>n AugrnenlatK)n
Inch￿ore. Dublin
ProTnolitins
Si. Joseph's, Stockport
Smithstone Hous¢
Si. John's. Siockport
Ardlca. Dublui
Pilgrnrag¢ Fund
268.956
1184,248)
3.801
719,393
88,509
719.393
36.272
1139,593 }
121
(31
22,597
48,246
24,530
70.142
153,5011
140,6691
{67,3151
15,2551
2.827
470.744
1517,9391
723.194
675,999
Rg$trfctsd funds
Mowova fund
2.344
149)
2.295
TOTAL FUNDS
473.088
1517.9881
723,194
678,294
A ¢UTreni year 12 months &nd prK)r yEor 12 Tnonth5 ¢ombin¢d pOsit￿n ￿ as folknw5.'
Nel
mov¢m¢ni
Transfers
b¢ty¥¢¢n
fvnds
Ai
30.6.22
At 1.7.20
Unr•strlct•d lunds
Gencral fvnd
PenS￿ll AUgMenLii￿n
Inchicorc, Dubl
ProMot￿n$
St. Joseph's. Sto¢kport
Smith51on¢ House
St. John'5. Stockport
Ardka. Dublin
P I￿rThage Fund
4,576,961
6.151.235
246,789
10
116,5581
78.127
47.757
8,451
23,407
144.422
271.928
1164.2881
141
7.416
11,886.6301
2.834,753
6.423,163
358.337
275.836
19,142)
77,779
102,800
1,507.994
149.5801
7.886
104
16,337
14,736
Restrlctsd funds
Moldova fvnd
Fr O Wynne Book Fund
187.608
3.915
191.523
202.422
3.915
206.337
TOTAL FUNDS
11.437.252
Page 21
continued...

Sacred Heart Fathgrn Trust
Nole$ to the FlnancSal Statemonts- eontlnued
for the Year Ended 30 June 2022
17.
MOVEMENT IN FUNDS. contlnued
A £UTrent y¢ar 12 months and prijr ycar 12 months cornbin¢d net rnovemeni ￿ funds, in¢￿d¢d n) the above are
as folbws..
IncomoJg
resour¢e$
Resources
expended
Gains and
bsses
Movement
fiJnd5
Unr8Strlcted fund8
Gencralfvnd
PensK>n AugmenIat￿tt
Inch￿Ore. Dubl
Promot￿￿$
Si. Joseph's. Stockport
Smithslone Hous¢
St. John's, Stockport
Ardka. Dublin
P I￿rn￿age Fund
544,122
1396,1761
13.524)
271.929
144.422
271,921
1164,2881
107,666
{271,9541
81,029
56,319
41.744
141.780
104
7.416
1159,467)
191,3241
1133,8941
149.5801
7,886
104
972,763
11,126,432)
268,405
114.736
R•strictèd fund#
Moldova fund
3,964
1491
3.915
TOTAL FUNDS
976,727
268.405
Transfews b8tsY8en fund8
Tran5ftrs bet￿ren the indivblual unrcstrKied des4gnaied fi]nds Hr¢ mad¢ al th¢ d￿¢re¢￿)n of the trustees.
RELATED PARTY DISCLOSURES
There were no Teliied p4rty tr8n5actN)ns for the year endcd 30 June 2022.
19.
UNRESTRICTED FUNDS
The general fijnd ￿ttY be u5Ed at the di5¢rEt￿n of th¢ Irust¢es for the fvrtheranee ofihe charity's obFcINe5.
20.
DESIGNATED FUNDS
The charity operaie5 a separats desiqnaied fijnd for ea¢h ofth¢ communitrs and proF¢ts that it operates.
Pon5ion Au
menioiion
Thc invcstmcTrl i8 held io gEnerate incotnllig resourc¢5 that contTbut¢ towaids thc financial support of reinEd
p￿$¢$.
In¢hi¢orc Dubli
This fvnd iepresenis the iicom¢ and ¢xpenditure re loiing to th¢ house, wh*h proviJ¢5 r¢sid¢n￿ for Students as
vK11 ll5 relucd Pr￿515.
rn01￿￿
The fijnd repre5ent5 the in¢om¢ and ¢xpenditur¢ that r¢￿t¢S to th¢ promolKn ofth¢ Gharity.
The fund repr¢5ents the n)come and expendnure that rekntr5 to the r¢5id¢ni prK$L who works ni the par￿h, and
r¢itred Pr￿515.
Smithsione House
The fijlld repTescnls the nicome and expBnditUTe rCL41￿8 to Smithsion¢ House, wh*h operal¢S as a house of
piayer.
Si John'5 Stock ort
Pake 22
conl￿1￿¢d...

Sa¢red Heart Fathers Twgt
Notgs to the Flnanclal Statements- conflnued
for th• Year Endgd 30 June 2022
20.
DESIGNATED FUNDS. contlnugd
The fijnd represen15 the in¢orne and expenditure ￿￿tIlg to the house that ¢ lh¢ r¢s￿¢￿ee of the PTovMci&btc
as well a5 0kt¢r prKsts and broiheTS.
Th¢ fvnd ￿pr¢sentS the income and exp¢nditur¢ thai reknies to the reS￿¢￿t pricst's who works in th¢ Pa￿h.
The fvnd r¢pr¢senls monies collected that were surpkls 10 expenditur¢ u)¢uTred on ptkrim28e trips th¢ charity
op¢ral¢s.Th¢ d¢s¥naled fvnd will be used to support fiJiuTe p￿grin￿Ee costs.
21.
RESTRICTED FUNDS
Mopjova
The n¢eme teceiyed ￿ u5¢d to 5UPPOrt mi5si)nary Ivork in Moldova.
nlleBo kfvn
Th¢ in¢ome r¢laies ￿ a ￿gacY received towards th¢ prin¢in8 and promoiijn of books by Fr O Wynne,
Pa8e 23