Charity Registralion Number: 220594
Convent of The Sacred
Heart ofJesus
Annual Report and Financial
Statements
Year Ended 31 July 2021

Convent of The Sacred Heart of Jesus
Contents
Contents
Page
Charity Reference and Administrative Details
Trustees, Annual Report
Independent Examinerfs Report
statement of Financial Actlvitles
Balance Sheet
Notes lo the Financial Ststements

Convent of The Sacred Heart of Jesus
Charlty Reference and Adminlstrative Details
Charity Registration Number
220594
Trustees
Miss J M A Bear, Sister in Charge
Miss A Edwards
Miss M C B Levasseur
Registered Offi
Convent of the Sacred Heart
The Priory
85 Old High Street
Headinglon
Oxford
OX3 9HT
Independent Examiners
Crilchleys Audit LLP
Beaver House
23 - 38 Hythe Bridge Street
Oxford
OX12EP
Solicitor
Franklins Solicitors
Walton House
15 Ock Street
Abingdon
OX14 SAN
Bankers
HSBC Bank PIC
108 London Road
Headington
Oxford
OX3 gAP
Investrnent Managers
Smith & Williamson Investment Management
9 Colmore Row
Birmingham
B3 2BT
Page 1

Convent of The Sacred Heart of Jesus
Trustees, Annual Report
Structure, governance and management
The Convent of the Sacred Heart of Jesus is the English house of the Congregation of the
Sacred Heart (St Aubinl.
A Charrtable Trust was created to hold and own the assets of the English house. This trust is
govemed by a Trust Deed dated 28 November 1962. amended by a Scheme dated 20 Ju
2000, and is registered with the Charity Commission, Charity Registration No. 220594.
The charity now has three trustees, all of whom are members of order of the Sacred Heart (St
Aubin}. The charity is administered by the Sister in charge of the Priory, who is a Iruslee land
who reports to the Superior General of the orderl., she is assisted in this task by the remaining
I￿9 other trustees. The power of appoinb'ng new trustees rests with the Superior General of the
order.
The trustees have a Statement of Investment Principles. in addition they revlew annually the
Reserves of the charity and carry out a Risk Assessment.
Obje¢tives and activities
The charity's trust deed states that the trust's principal objectives are the advancement of
religious and other charitable work being carried on by the Society as the trustees, with the
approval of the Superior. shall from time lo lime think fiL
In fulfilment of the objectives of the trust it is the policy of the charity to undertake a broad
range of charitable a¢b'vities. The principal areas in which the charity is involved are listed
below..
Education
Social and pastoral care
Provision of worship
Achievements and perfomianee
Durfng Ihe year the Convent of the Sacred Heart was active in all the areas listed above. as
explalned below.
Education
One sister was deputy head of a local catholic primary. She retired in 2010 and now a¢ts as a
governor and volunteer. Her State and Teacheis pensions are covenantsd to the ¢harity.
Social and pastoral care
The sister in England continues to help in a wide range of activities in a local parish. In
addition, rooms al the Priory are made available on a non-profit making basis to various
outside organisalions. mainly other Charities, who provide ¢ounselling and remedial services lo
the general public. The Priory, is also willing lo host meetings and discussion groups organised
by other religious groups and local neighbourhood organisations.
Pmvision of worship
The sisters ensure that the Chapel 15 available to be used for worship by both Roman
Calholics and groups from other faiths.
Page 2

Convent of The Sacred Heart of Jesus
Trustees, Annual Report
Achlevements and performance fconllnu¢d)
student accommodation
Providing 8¢commodation to tenants mainly S￿dents attending vatious colleges in Oxford. this
rent is treated as income to the charity. In addition to these students who pay rent to the
Convent of the Sacred Heart, accommodation is also provided free of charge to foreign priests
who have been sent by their diocese, university. or superiors to study in Oxford.
How our SE￿ice$ beneflt the publi¢
The charity is able lo benefit the public by means of the ways in which ils premises are used.
In addition to the provision of safe and avoidable 8¢commodation for students attending
colleges in Oxford and lo priests, religious or secular, from overseas it also opens the Priory
premises for worship. Furthermore, the Priory makes rooms available for a number of
organisations and individuals to hold rrEetings and discussion groups. In addition, a local
church and Catholic School use the convent grounds on a regular basis for children's activities.
The Trustees have had regard to the Charity Commission's guIdar￿e on public benefit
Financial review, investment pollcy and ￿ServeS
The Statement of Financial Activities shows in¢oming resources decreased by £9,642. Thls
was due to small reductions in dividend income and sludenl rents. Resources expended this
year decreased by £48.298, largely because the previous year included costs of renovating a
propety.
At 319t July 2021 the total funds of the Convent of the Sacred heart were £4.9m. Of this, £2.2m
reP￿sents fixed assets needed for the work of the charity.
The convent has a discrelFonary investment management agreement with Smith & Williamson.
The trustees meet with the fund managers once a year and ensure that the fvnd is managed in
accordance with their written guidelines and with the religious and ethical pllnciples of Ihe
order. which follow those of the Archdiocese of Birmingham. In addition, the trustees have a
Statement of Investment Principles.
The major risks to which the charity is exposed, as identified by the trustees, have been
reviewed and systems have been established lo mitigate those risks.
The trustees have reviewed the reserves of the charity. As exp18ined above, reserves of the
Convent of the Sacred heart We￿ £4.9m. Of this, £2.2m represents fixed as*ls needed for
the work of the charity. The balance of reserves is intended to provide for the ongoing
improvement of the convent buildings and the support of the older members of the order so as
to be able lo continue the charitable work of the convent as membership ages and reduces in
numbers.
Future Plans
The Congregation now has only a few members, all of whom have given their working lives to
the charitable activities of the Congregation. The number of new vocations to the order is
declining and therefore the average age of the membership of the Congregation is increasing.
The charity has a conts"nuing commitment to support its members, many of whom continue to
carry out charitable work long past the nonnal retirement age.
Page 3

Convent of The Sacred Heart of Jesus
Trustees, Annual Report
statement of trustees, responsibilltles
The Irltstees of the charity are required to prepare, for each financial year. accounts which give
a true and fair view of the slate of affairs of the charity and of the incoming reSoUr￿S and
application of resources of the charity for that period. In preparing these financial statements,
the trustees are required to..
select suitable accounting policies and then apply them consistently-
make judgements and estimates that afe reasonable and prudent.,
stale whether applicable accounting standards and statements of recommended
pracb'ce have been followed subject to any material departures disclosed and
explained in the financial slalemenls.,
prepare the financial slalemenls on the going concern basis unless it is
inappropriate lo presume that this basis applies.
The trustees are responsible for keeping proper accounting records which disclose with
reasonable accuracy, at any time, the financial position of the charity and which enable them lo
ensure that the financial statements comply with stalulory requirements and with the Trust
Deed dated 28 November 1962. They are also responsible for safeguarding the assets of the
charity and hence for taking reasonable steps for the prevention and detection of fraud and
other irregularities.
Approved by the trustees and signed on their behalf by..
JMABear
Trustee
Date..
21.05.2022
Page 4

Independent Examinefs Report to tha Trustees of
The Convent of The Sacred Heart of Jesus
I report to the trustees on my examination of the accounts of The Convent of the Sacred Heart
of Jesus (the Trust) ft)r the year ended 31 Juty 2021 which are set out on pages 6 10 15.
Responsibilitles and basls of report
As Ihe charity trustees of the Trust you are responsible for the preparatron of the accounts in
accordan￿ with the requirements of the Charities Act 20111.the Acl'l.
I report in respect of my examination of the TTLlStee's accounts carried OLrt under section 145 of
the 2011 Act and in carrying out my examination I have ft)Ilowed all the applicable Directions
given by the Charity Commissioner under seCt￿n 145{51{bl of the 2011 Act.
Independent exarnlnevs 8tatement
I have completed my examination. I confirm that no malerlal matters have come to my
attention in connection with the ex8mlnalion giving me cause to believe that in any material
respect..
accounting records were not kept in respect of the Trust as required by section 130 of
the Act,. or
2. the accounts do not accord wllh those records.. or
3. the a¢¢ounts do not comply with the applicable requirements concernlng the form and
conlenl of accounts sel out in the Charities (Accounts and Reportsl Regulations 2008
other than any requirement that the accounts give a 'true and fair view, which is not a
matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination
to which attention should be drawn in this report in order to enable a proper understanding of
the accounts to be reached.
Katherine Wilkes FCA
Crilchleys Audit LLP
Beaver House
23-38 Hythe Biidge Street
Oxford
OX12EP
Date" 2715122
Page 5

Convent of the Sacred Heart of Jesus
Statement of Flnancial Activities {in¢luding Income and Expgnditure Account}
For the year ended 31 July 2021
Unreslricled
Funds
Total
2021
Total
2020
Note
Income and endowments from:
Donations and legacies
Other trading activities
Investments
45.372
58,672
35.830
45,372
58,672
35,830
45,570
63,481
40A66
Total Income
139,874
139,874
149,S16
Expenditure on:
Raising funds
Charrtable activities
8,115
134,385
8.115
134,385
7,418
183,380
142.500
142.500
190,798
Net expenditure for the period
12,6261
{2.6261
141282)
Other recognised gains:
Nel gainslllosses} on investments
12
257,140
257,140
(85.6001
Net movgmgnt in funds
254,514
254,514
(126,8821
Reconciliation of Funds
Funds brought foNard at 1 August 2020
4.598,270 4,598,270
4,72S,151
Funds carrled forward at 31 July 2021
4,852,784 4.852,784
4.598.270
The statement ot financial activities includes all gains and losses recognised in the year.
All income and expenditure derives from continuing activities.
The notes numbered 1 to 19 form part of these financial statements.

Convent of the Sacred Heart of Jesus
Balance sheet
As at 31 July 2021
2021
2021
2020
2020
Notes
Fixed assets
Tangible assets
Investments
11
12
2,189,600
2,612,843
4,802,443
2,228.961
2,333,466
4.562A27
Current assets
Debtors
Cash at bank and in hand
13
55.991
55,991
41,142
41,142
Llabilitles
Creditors.. Amounts falling due within one year
14
5,650
5.300
Net current as$¢ts
50,341
35,842
Total nel assets
4.852.784
4.598,270
Funds:
Unrestri¢ted funds
15
4,852,784
4,598.270
Total fund$
4,852,784
4,598,270
The financial statements were approved by the trustees and aulhorised for issue on
and are signed on their behalf by..
21.05.2022
JMABgar
The notes numbered 1 to 19 form part of these financial statements.

Convent of the Sa¢red Heart of Jesus
Notes to the financial statements
For the year ended 31 July 2021
1 Statement of Accounting Policies
A summary of the principal accounting policies adopted (which have been applied consislenlly. except where noted),
judgements and key sources of estimation uncertainty, is set out below.
General Infomiatlon and bas18 of Preparation
Convent of the Sacred Heart of Jesus is a charity in the United Kingdom. The address of the registered office is given in the
Gharity infomialion on page 1 of these financial slatemenl$.
The charty constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared In
accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities
preparing their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland
{FRS 1021 issued in October 2019. the Financial Reporting Standard applicable in the United lQngdom and Republic of
Ireland IFRS 102), the Charities Act 2011 and UK Generally Accepted Practi* as it applies from 1 January 2019.
The financial statements are prepared on a going concern basis under the historical cost convention. modffied to include
certain items al fair value. The financial statements are prepared in steding which is the funetional ￿rrencY of the charty.
Golng Concern
The financial statements have been prepared on a going concern basis as the trustees believe that no mateiial uncertainties
exist. The trustees have considered the level of funds held and the expe¢ted level of income and expenditure for 12 months
from authorising these financial slalements. The budgeted income and expenditure is sufficient with Ihe level of reserves for
the charity to be able to continue as a going concem.
Income
All incoming reSoUr￿S are included in the Statement of Financial Activities ISoFA} when the charity is legally entitled lo the
income after any performance conditions have been mel, the amount can be measured reliably and it is probable that the
income will be received.
Donatlons
For donations lo be recc¥Jnised the eharty wll have been notified of the amounts and the settlement date in writing. If
there are conditions attached to the donab'on and this requires a level of performance before entitlement can be obtained
then income is defer￿d until those conditions are fully met or the fulfilment of those conditions is within the control of the
charity and it is probable that they will be fulfilled.
Trading activities
Income from trading activities in¢ludes income earned from fundraising events and trading activities such as student
rentsls to raise funds for the charity. Income is received in exchange for Suppl￿ng goods and services in order to raise
funds and is recognised when entitlement has occurred.
Investment Income
Investment income is earned through holding assets for investment purposes such as shares and propety. 11 incjudes
dividends, interest and rent. Where il is not pr8ctscable to identify investment management costs incurred within a
scheme with reasonable accuracy the investment income is reported net of these costs. It is included when the amount
can be measU￿d reliably. Interest income is recognised using the effective interest method and dividend and rent
irscome is recognised as the charity's right to receive payment is estsblished.

Convent of the Sacred Heart of Jesus
Notes to the financlal statements
For the year ended 31 July 2021
1 Statement of Accounting Policies (continued)
Expenditure
All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs
related lo the category. Expenditure is recognised where theie is a legal or conslruclive obligation to make payments to third
parties, itls probable that the settlement will be required and the amount of the obligation can be measured reliably. It is
categorised under the following headings..
Costs of ralslng funds
This includes all expenditure incurred by the charity lo raise funds for its charitable purposes and includes costs of all
fundraising aGtivilies events and non-charitable trading.
Expenditure on charitable actlvlties
These are costs incurred on the charitable activities, including supwrt costs and costs relating lo the governance of the
charfty apportloned to chafitable activities.
Irrecoverable VAT is charged as an expense against the aclNity for which expenditu￿ arose.
Support costs allocation
Support costs are those that assist the work of the charity bul do not directly represent charltable acllvities and include office
and govemance costs. They are incurred directly in support of expenditure on the objects of the charity. Al support costs are
directly attributable.
The analysis of these costs is included in note 8.
Tangible Fixed Assets
Assets costing £1,000 or more are capitalised as tangible fixed assets and a￿ carried at cost, net of depreciation and any
provision for impairment. Cost includes costs directly attributable lo making the asset capable of operatlng as intended.
Depreciation is provKled on all tangible fixed as5els other than freehold land, at rates calculated lo write off the cost of each
asset on a straight-line basis over its expected useful life. as follows".
Motor vehicles
Freehold buildings
5 years
50 years
A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the cafrying value
of any fixed asset may not be recoverable. Shortfa115 be￿een the carying value of fixed assets and their recoverable
amounts are recognised as impairments. Impairment losses are recognised in the Statement of Financial Aclivitre$.
Liabilitigs
Debtors and creditors wth no staled interest rate and receivable or payable within one year are recorded al transaction price.
Any losses arising from impaiiment are recognised in expenditure.

Convent of the Sa¢red Heart of Jesus
Notes to the financial statements
For the year ended 31 July 2021
1 Statement of Accounting Policies Icontinued}
Impalrment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date.
If such indication exists. the recoverable amount of the asset, or the asset's cash generating unit, is estimated and
Compared to the carrying amount. Where the carrying amount exceeds ils recoverable amount, an impairment k)ss is
recognised in profit or loss unless the asset 15 carried al a revalued amount where the impaimient loss is a revaluation
Provisions
Provisions are recognised when the charity has an obligation at the balance sheet date as a result of a past event, it is
probable that an oufflow of economic benefits will be required in settlement and the amount can be reliably estimated.
Investment properties
Investment properties are held at deemed cost on transition to FRS102, being the market value at the last valuation date.
Investments
Investments are ￿￿gnised inilialty al fair value which is nomially the transaction pri￿ excluding IransactDn costs.
Subsequentty, they are measured at fair value with changes recognised in 'net gains I Ilossesl on investments, in the SOFA rf
the shares are publiciy traded or their fair value can otherwise be measured reliably. Other investments are measured al
cost less impairment
Fund Accounting
Unreslricled funds are available for use at the discretion of the trustees in furtherance of the general obleclives of the ¢harity
and which have not been designated for other purposes.

Convent of the Sacred Heart of Jesus
Notes to the financlal statèments
For the year ended 31 July 2021
2 Income from donatlons
Total
2021
Totsl
2020
Donations
45,372
45,372
45,670
45.570
All income from donations In both 2020 and 2021 was Un￿strICted.
3 Income from other tradlng acllvltle8
Total
2021
58,672
58,672
Total
2020
63,481
63,481
Student rents
All income from other trading activities in both 2020 and 2021 was unrestricted.
4 Income from Investments
Total
2021
Total
2020
Dividends
Interest
Rentsl in¢ome
14.916
27,977
89
12.400
40,466
20,907
35,830
All income from investments in both 2020 and 2021 was unrestricted.

Convent of the Sacred Heart of Jesu¥
Notes to the financial ststements
For the year ended 31 July 2021
S Raising funds
Totsl
2021
Total
2020
Investrnent managers fees
8,115
8,115
7,418
7,418
All expenditure on raising funds in both 2020 and 2021 was unrestrited.
6 Analysis of expenditure on charitable activttie5
Direct
costs
Support
costs
Total
2021
Total
2020
Charitable aclivrties
52,124
52.124
82.261
82,261
134,385
134,385
183,380
183,380
Total
2021
Total
2020
7 Direct costs
Sisters Ilvlng ¢osts
Housekeeping
Chapel
Gifts and donations
Community
2,868
6,349
407
2,398
40,102
52,124
3,816
2,721
1,876
1,991
40,073
50,477
Community includes support for the mother house. care and nursing for elderly and Infim members of the order.
Afi expenditure on charitable expendS1u￿ in both 2020 and 2021 was unrestricted.
Net Incomellexpendlture) for the period Includes:
2021
2020
Depreciation
Fees payable to independent examiner
39,361
5,650
40,259
5,720
8 Allocation of support costs
Total
2021
Total
2020
Governan¢e
Depreciation
Building maintenance
Heats'ng and lighting
Rates, water & insurance
Travel expenses
Telephone
Sundry
5.650
39,361
25,216
4.195
2,115
1,523
1,642
2,559
82,261
5.720
40,259
67,946
4,573
2,354
1,851
8,152
132,904

Convent ol the Sacred Heart of Jesug
Notes to the financial Statements
Forthe year ended 31 July 2021
9 Govemance co$ts
Total
2021
Total
2020
Independent examinerfs remuneration
5,720
5,720
5,650
10 Trustees, and key management personnol remuneratlon and ex￿nseS
As a member of the order, one trustees, INin9 expenseg during the yea¥ were bome by the charity bul the trustees
received no remuneration or other benefits in connection with their duties as trustees during the year.
The key management personnel of the charity comprise the trustees. The total amount of employee benefits (excluding
the above) received by key management personnel for their services to the charity was £Nil12020.' £Nill
The tnjstees did not have any expenses reimbursed during the year12020.- £Nill
11 Tangible fixed assets
Freehold land
and buildings
Motor
vehides
Total
Cost
As at 1 August 2020
Additions
Disposals
As at 31 July 2021
2,420.000
9.295
2A29.295
2.420,000
9,295
2,429,295
Depreciation
As al 1 August 2020
Charges in period
Eliminated on disposal
AS at 31 July 2021
192,000
38,400
8,334
961
200,334
39A61
230,400
9,295
239.695
Net book values
As al 31 July 2021
2,189,600
2,189,600
As at 1 August 2020
2.228.000
961
2.228.961
Included in freehold land and buildings is land at a value of £500.00012020'. £500,000) which is not depreciated.
Freehold land and building5 included above are recognised al deemed cost on transition lo FRS102. These assets were
last valued at 31 July 2013 by Mr N Morgan Msc FRICS. The historic cost equivalent of these assets is £59,572 in 1972.
The historic cost for freehold land and buildings Is not known.

Convent of the Sacred Heart of Jesus
Notes to the financial statements
For the year ended 31 July 2021
12 Fixed asset investments
Investment Properbes Bank deposits Listed investments
Total
Cost or valuatio
As at 1 August 2020
Addib'ons
Disposals
Revaluation
As al 31 July 2021
1,030,000
64.803
1,238,663
276,309
1226,541)
257,140
1.545.571
2,333,466
276,309
(254,072)
257,140
2,612.843
{27.5311
1,030,000
37.272
Carying amount
As at 31 July 2021
1,030,000
37.272
1545 571
2.612.843
As al 1 August 2020
1,030,000
64,803
1,238,663
2,333,466
Investsments at fair value comprise-.
2021
2020
Equities
Securities
Investment properties
Cash within investment portfolio
1.326.609
218,962
1.030,000
37,272
1,054.222
184,441
1,030,000
64,803
2 612 843
The fair value of listed investments is delemiined by reference to the quoted prfce for Sdentical assets in an active market
al the balance sheet date.
No figure for the cost of the investment properties is available. The value al which it was first recognised in the accounts
was £45.000 in 1993. This was subsequently revalued to £640.000 in July 2013 and £1,030,000 in August 2018. The
valuation was undertaken by Mr N Morgan Msc FRICS on behalf of Langtons.
13 Debtors
There were no debtors at the end the 2021 or 2020 period
14 Creditors: amounts falling due wlthln one year
2021
2020
Accruals and deferred income
5.300
5.300
5,650

Convent of the Sacred H¢art of Jesus
Notes to the financlal statements
For the year ended 31 July 2021
15 Funds
Balance at
1 August 2020
Gains, losses.
and transfers
Balance at
31 July 2021
Income
Expenditure
Unrestricted fvnds
Total funds
4,598.270
4.598,270
139,874
139.874
142,500
142,500
257,140
257,140
4,852,784
4,852,784
Comparative funds
Balance at
1 August 2019
Galns, losses.
and transfers
Balance at
31 July 2020
Income
Expenditure
Unreslricled funds
Total funds
4,725,151
4 725,151
149,516
149,516
190,798
85,600
85,600
4,598,270
4 598,270
16 Analysis of net assets bgtwegn funds
Fund balances at 31 Juty 2021 are represented by..
Unrestricted
funds
Totsl
funds
Investments
Tangible fixed assets
Current assets
Current liabilities
Total net assets
2,612,843
2,189,600
55,991
5,650
4,852.784
2.612.843
2,189,600
55,991
5.650
4.852.784
17 Contingent liabilities
There are no contingent liabilities that require disclosure.
18 Related party
There were no related paty transactions during 2021 or 2020