Charlty re9lstration number 220594
CONVENT OF THE SACRED HEART OF JESUS
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY2022

CONVENT OF THE SACRED HEART OF JESUS
LEGAL AND ADMINISTRATIVE INFORMATION
Trusteès
Miss J M A Bear, Sister in Charga
Miss A Edward8
Miss M C B Levasseur
Charlty nymbèr
220594
Prlnclpal addr•8S
Th8 Priory
85 Old High Street
Headington
OX3 9HT
Registered offlce
Convent ol th8 Sacred Heart
Tha Priory
85 Old High Street
Headington
Oxford
Ox3 9HT
Indepgndent •xamlner
Critchleys Audit LLP
Beav8r House
23-38 Hyth8 Bridge Street
Oxfvrd
Ox1 2EP
OX12EP
HSBC Bank Ptc
108 London Road
Hèadington
Oxford
Ox3 9AP
Bankers
Sollcmors
Franklins SOl￿tors
Walton House
15 O¢k Str88t
Abingdon
OX145AN
Invoslm•nt Manag¢rs
Evetyn Partners
103 Colmore Row
Birmingham
B3 3AG

CONVENT OF THE SACRED HEART OF JESUS
CONTENTS
Page
Trustees r8POrt
statèment of TTUSt885 r8sponsibiliti8s
Independent examlnerfs report
Statement ol financi81 activities
Balance sheet
Notes to the finandal stal9rn8nts
8-15

CONVENT OF THE SACRED HEART OF JESUS
TRUSTEES REPORT
FOR THE YEAR ENDED 31 JUL Y 2022
The Trusleey prèsant their annu81 r8POrt and financial ststements forthe year ended 31 July 2022.
The financial statements hav8 baen p￿pared in accordance with the accounting policles set out in note 1 to thé
rinancial statements and comply with the Trust's deed. the Charities Act 2011 and 'Accounting and Reporting by
Charities.. Stalernenl of Recommended Practi￿ apPI￿able to charities preparing their accounts in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclNe 1 January
20191.
OblectlVg5 and actlvltles
The charity's trust deed state5 that the trust's prin(ipal objectives arè the advanrsrnent of religious and other
oharitable work being carried on by the Society as the trustees, with the approval of the Superior. shall from lime io
time think fit.
In fU￿lment of th8 objectives of the trust it is the policy of the charity to undertake 8 broad raroe of charitab
activities. The principal areas in whid) the charity is involved are listed t￿low..
Education
Social and p8str)ral care
Prowsion of worship
The Trusl88s have paid du8 regard to guidancè Issued by ts Charity Commission In deciding what activitse8 th8
Trust should undertaka.
Achlevements and performance
During the yearthe Convent of the Sacred Heart was active in all the areas listed above, as explained below.
Educalio
One $ister was deputy head of a local catholic primary schod. She retired in 2010 and now 8¢ts as a governor and
volunteer. Her State ond Teachers pen8lOng are covenantgd to the charity.
Social andp8Storal care
The sist8r in England continuès to help tn a widè range of actiwties in a local parigh. In addtyon, moms at the Priory
are made available on a non-profit rnaking basis to various outside organisats"ons. mainly other Charit18s, who
pmide counselling and remedial services to the general public. The Priory is al80 wlling to host meeungs and
discussion group5 organised by other religious group5 and local n8uhbourhood organisations.
PmvisAOrt of worship
The sisters ensure that the Chapel is 8vai18blè to be used for worship by both Roman C8tholics and groups from
other lailhs.
Student 8ecommodation
Providing accommodation to tenants mainly students attending various coll8gas In Oxford. thi5 rent is treated as
income to the charity. In addition to these siudents who pay r8llt to the Convent of the Saerèd Heart,
accommodation is also provided Iree ol charge to ft>reign priests who have been s8nt by their dioc8se, university, or
superiors to study in Oxford.

CONVENT OF THE SACRED HEART OF JESUS
TRUSTEES REPORT {CONTINUED)
FOR THE YEAR ENDED 31 JULY 2022
Frnanelthl revlew
The Statement ol Financial Activitie5 shows Incomin9 resources 4n(xeased by £26,438. Resources expendad this
year dacreased by £4.547.
At 31 st July 2022 the total fund5 of the Conv8nt of the sacr￿ Heart W8re £4.8m. Of thls £4.7m represents fixed
assets needed for the work of the charity.
The convent has a discretionary investment managemènt ag￿ement with Evelyn Partners Ipr8viously called Smth
& Williamsonl. The trustees rneet with the fund rnanagers once a year and ensure trat thè fund is managed in
accordance with their written guidelines and with the religious and ethical prinaples of the order. which follow those
of the Archdiocese ol Birmingham. In addition, tho trustees havè a Statement of Investment PrincitAes.
The major risks to which the charity is exrKJsed. as id8ntified by the trustees, havè been ￿vIew￿d and systems have
been èstabllshed to mitvJate thos8 risks.
The trustees h8v& reviewed th* reserves of the charity. As explained above. resews of the Convent ol the Sacred
Heart were £4.8m. Of this, £4.7m reprèsents fixed &88èts needed for the work of the chaitty. The balance of
reserv8s is Intended to provlde for the ongoing irnprovement of the convent buildings and thè support of the older
memb8rs of the order so as to b8 able to continu6 the chaiitsblè work of th8 convent as membership ages and
reduces in numbers.
11 is the policy of the Trugt that unrestricted funds which have not been designated for a Speelflc u8e should be
maintained at a level equivalent lo between three 8nd six month's expenditvrg. The Trustees consider that reserves
at this level will ensure that, in the event of a signlficant drop in funding, they will be al￿e to continue the Trust's
uryent activities while considerat￿n is gNen to ways in which additional funds may b8 raised. This 18v81 of reserve8
has been maintained thTougFK)ui the year.
The Truslees have assessed the major risks to whieh the Trust is exposed, and are $8ti5fied that systems afe in
p18C8 to mitigate exposure to the major risks.
Plans for future perlods
The Congregation now only has a few members, all of %thom have given their w0￿1ng lives to the charitable
activits85 of the Congregation. The number of new vocations to ihe order is deGlining and th8r8fore the averd9e age
ol the membership of the Congregation Is increasing. The charity has a continuing commitment to 5UPPOrt
membèrs, many of whom continue to carry out charitable work long past the nomal ￿tireMant age.
Structure, govèrnance and managemgnt
The convent of the Sacred Heart of Jesus is th8 Engllsh house of the Congr8gation of the Sacred Heart IStAubinl.
A Charitable Trust was cr88tÈd to hold 8nd own the ass8ts ol the English house. This trust is govemed by 8 Trust
Deed dat8d 28 Novernbèr 1962, omended by a Scheme dated 20 Juty 2000, and is registered with the Charity
Commission, Charity Reglstration No. 220594
The charity now has three trustees. all of whom are membars of order of Ihe Sacred Heart 1st Aubinl. The charity Is
administ8réd by the Si5tar in charg8 of the Priory, who is a trust8e land who rÈports to th8 Superior General of the
orderl,. she is as5i5ted in this task by the rernaining two other trustees. Th8 power of apw)inting new trustees rests
with the Superior Gen￿al of th8 order.
The trustees have a St8temen( of Invastrnenl Principl$s, in addition they wew annually tha Reseryes of the charity
and cary out 8 RiskAssessm8nt.
The Trustees who served during the year and up to th8 date of 8ignature of the financial slat8rnents W￿..
Miss J M A Bear. Sister in Charge
Miss A Edwards
Miss M C B Levassèur

CONVENT OF THE SACRED HEART OF JESUS
TRUSTEE8 REPOIU (CONTINUEO)
FOR THE YEAR ENDED 31 JULY 2022
Huw our •erylw b•n•fftth? publ1¢
The charlty Is 8blè to benefft ihe putAlc by me8n5 01 Ihe ways in whith its premises are used. In addlb'on to ihe
provision of sale 8nd affordatlo accommodation for sludents attendlng college8 In Oxford and to prig9ts. Yellgious or
secular, from over8eas it al80 opens th8 Priory premises for ￿OrShIp. Furthomiore. Th8 prfory make8 rts)m8
8v8118ble for 8 numbw of organls8Uons and Indlviduals to hold meeting5 and di8cussion groups. In add￿9￿. 8 local
church and Cothollc Sc*ool use the convgnt grounds on 8 regular bAsls for thlldmn* actMO6s. Tr• TnJstses havè
had ragard to the Charity Commls4on'¥ ￿ldance on wbllc benefiL
Tho Tru9tees repvtwaa 8Fpn>v8d by Ihè Bc4rd ofTrustee8.
Miss J MA 8•ar, Sk8ter in Charg&
16th Janu8.ry. 2022

CONVENT OF THE SACRED HEART OF JESUS
STATEMENT OF TRUSTEES RESPONSIBILITIES
FOR THE YEAR ENDED 31 JULY 2022
The Trustees are rèSrX)nslb￿ for preparirKJ the Truste8s Report and the financial staternenl$ in a￿ordan￿ wilh
applicable law and United Kingdom Accounting Standards (United Kingdom G￿erallY Accepted Ac¢(yJnting
Practicel.
Th8 law applicable to charities in England and Wales requires th8 Trustees to prepare financial statements for each
financial year which giv8 a true and fair vi8w ol the state ol affairs of the Trust and of the incoming resourcgs and
application of resourcès of the Trust for that year.
In preparing these financial ststem8nts, the Tru8te88 8r8 required to..
$918ci suitable accounting policies and then apply them con&stgnlly',
observe the m8thods and principles in the Charities SORP.,
make judg8ments and estimates that are reasonable and prudent..
state whelh8r applicable accounts'ng stsndards have been fdlowed, subject to any material departure$ disclosed
and explained in the financial st8t8ments", and
prepare the financial statements on th8 going concem basis unlèss It Is inappropriate to presum8 that the charity
wlll contrnue in opgration.
The TrLJStees are respon8ib18 for keeping suffici8nt accounting records that disclose wth reasonable accuracy at
any tim8 the financial position ol the Trust and enable them to ensure that the financial slatemenis comply with th8
Charities Act 2011, thè Chadty (Awounts and Reports} Regulations 2008 and the provisions ol the trust deed. They
are also responsible for safeguarding the assets of the Tnjst and hen￿ for taking raasonable steps lor the
prevention and detection of fraud and other irregularities.

CONVENT OF THE SACRED HEART OF JESUS
CRITCHLEYS
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF CONVENT OF THE SACRED HEART OF JESUS
I report to the Trusteas on my examination of the financi815tatements of Convent of the Sacred Heart ol Jesus1th6
Trusll for the year ended 31 July 2022.
R05ponslbllltles and basis of report
As the Trustees ol the Trusl you are responsible for the preparalhjn of thè flnancial st8t8mènls in accordance with
the requirsments of the Charities Act 2011 Ilhe 2011 Actl.
I report in respect of my examination of the Trust's financi81 statements carried out under secbon 145 of the 2011
Act. In carrying out my èxamination I have followed all the applicable Directions given by lh8 Charity Commission
under ￿tIOn 14515Xbl of the 2011 Act.
Indepgndent #xamlner's statement
I have completed my examination. I confim that no matters have come to my atlention in connection with th8
examination gwirKJ me cause to b81i8Vè that in any rn8lerial respect..
accounting records were not kept in respect of thg Trust as reqUI￿d by 58ction 130 of the 2011 Art or
the financial statements do not accord with those records.. or
the financial statements do not comply with lh8 appllcable reqtJir8ments concerning the fomi and content of
accounts set oul in th8 Charities IAw)unts and Reports) Regulations 2008 o¢h8r than any requirern8nt that the
accounts give a true and lair view which is not a matter oonsid6red as part of an independent 8X8mination.
I have no concerns and have come across no other matters In connection the examination to which attention
should be drawn in thi8 report in order to enable a proper undersianding of the financial Statements to be reaehed.
Gary Pready FCA
Gritchleys Audit LLP
Beaver House
23-38 Hythe Bridge Str¥gt
Oxford
OX12EP
17.01.2023
Dat8d..

CONVENT OF THE SACRED HEART OF JESUS
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 JUL Y 2022
Unr•strlcted Unrestrlcted
fundg
funds
2022
2021
Note¥
como from:
Donations and lega￿*S
other trading activities
Investmènts
38.71
69,338
58,268
45,372
58,672
35.830
Total Income
166,312
139,874
Ex
en
bture on..
Raising funds
9,169
8,115
Charitable actiwts88
128,784
134,385
Total exp8ndlbJre
137,953
142.500
Nel gainslllossesl on inv85trnents
10
179,0341
257,140
Net movemènt In funds
150.6751
254.514
Fund balances at 1 August 2021
4,852,784
4.598,270
Fund balancès at 31 July 2022
4,802.109
4.852.764
The statement of linancial activities Includ8S 811 galns and losses recogni$8d in the year.
All income and expenditure derive from conttnuing acti￿￿"&S.

CONVENT OF THE SACRED HEART OF JESUS
BALANCE SHEEr
AS AT 31 JULY2022
2022
Tanglble assets
Inv•stsn8ni properti
Inv•strn8nts
li
12
13
2,151.200
1.030.(JOO
1,&fj7,628
2,189.eOD
1,030.000
1.582.843
4.n8,828
4,802h43
Cwrnnt as8•ts
CaBh $1 bank and in hand
70,841
55.99t
Credltwj: thmounts lalllng dug *4th1n
on•ygar
14
(7,5601
(5,650)
Net ￿Jrr￿ a88•ts
63,281
50,341
. Total AM•t•1•98 cun•nt Ilablllll
4,802,109
4.852.784
Incom•fund8
Unregtrfctsd fi￿d8
4.802.10
4.852.784
4.802.109
4.852,784
The finondd stalements ￿re apprwed by th• Tmstees on ...
IL.: o.l.....10 13
Mlss J MAB•ar, Sistsr In Char

CONVENT OF THE SACRED HEART OF JESUS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2022
Accounting pollcles
Charlty Infomiatlon
Convent of the Sacred Heart of Jesus is a charity registered in England and Wales, United Kingdom. The
add￿sS of the registered office is given in thè charily infomiation on th8 first page of these financial
statemonts.
1.1 Accountlng convontlon
The financlal staterngnts have been prepared in accortrdnce wth the Tru8Vs deed, th8 Charitles Act 2011.
FRS 102 "The Financial Reporting Standard applicable ill the UK and Republic of Ireland. l FRS 1021 and
the Charities SORP Accounting and Reporting by Charities.. Statement of Recommended Practice 8ppllcable
to charities preparing their accoLJnt5 in accordance with the Financial Reporting Stsndard ap￿1¢able in the UK
and Republic ol Ireland IFRS 1021 leffectlvg 1 January 20191. The Trust is a Public Benefit Ents"ty as defined
by FRS 102.
The Trust has taken advantag8 of th& provision5 in the SORP for charities not to prépare a Statemènt of Cash
Flows.
Th8 financial stslernents a￿ prepar8d in sterfing, which Is the function81 eurrency ol th8 Trust Mon8tsry
amounts in Ihese financial statem8nls are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to indude the
revaluation of investment properties and certain financial instruments at fair value. The principal accounting
policies adopted are set out below.
1.2 Golng concern
The financial statements have prepared on a golng ooncgm basis as the trust*es believe that no
material uneertainties exist. Th8 trustees have conside￿d lh8 level of funds h81d and the 8XP8eted level of
incom8 and expenditure for 12 months from authorising these financial s¢aternents. The budgeled incorne and
expenditu￿ is stjffiuent W4th the level of rèsarves for th8 charily to be able to continue as a going concern.
1.3 Charitable funds
Unrestri¢t8d funds are availab18 for use at the discrètlon of the twstaè In further8nc8 of the general objectives
of thg eharfty which have not been designated lor other PUfP05es.
1.4 Income
All incoming resources are included in the Stalemant of Financial Actiwties ISOFAI when the charity is legally
entit18d to the Income aft8r any performance conditions have been met. the amount can be measU￿d reliably
and rfL is probably th* the ineome wll b8 T8cè￿ed.
Oonations
For donations to b8 vècognised the charity will have bew notified of the amounts and the settlernent date In
writing. If th8r8 ar8 conditions attached to the donation and this r6qulres a level of pertomiance before
enb'tlem8nt can be obtained then income is dèferred until those conditions 8r8 fully met or thè fU￿lment of
those conditions is within the control of th8 charity and it is probable that they will be fulfilled.
Tradlng Acllvltlgs
Income frorn trading activities includes Income eamad from fundr8i&ng events and trading activities such as
student rentals to raise funds for the charity. Income is receiv8d in exchange for Sup￿ying goods 8nd services
in ord8r to raise funds and 15 recognised when entitlement has occurred.

CONVENT OF THE SACRED HEART OF JESUS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2022
Accountlng pollclos
{Contlnuedl
Investment Income
Inv98tment income is earnad through holding assets for investment pury)oses such as Sha￿$ and prO￿rtY. It
includes dividends, interest. and r8r)t. Where it is not practicable to identify investrnent man8g8rnent costs
incurred within a scheme with reasonable accur8Cy the investment income is ￿pOrted net of these Costs. It is
included wh8n the anY)unt can be measured reliably. Interest income is recogni58d using the effective interest
method and divldend and rent income is recognisad as the charity's right (o receive payment is established.
1.5 Expenditure
All exp8nditure is attounted for on an accruals basis and has been d8ssth8d under h8adings that aggregate
all costs related to the category. Expanditure is recognised where there is a legal or consttuctiv8 obligation to
make payments to third parties, it is probably that the setuemènl will be required, and the amount of the
obligation can be measurgd rèl13￿y.1( is categorised under the following headings..
0St of ralslng fund¥
This includes all expenditure incurred by the charity to raise funds for its tharitsble purp088s and include3
costs of all fundraising activities, events, and non-charitable trading.
Exp•ndlture of charitable actl¥lti8s
These are th8 Costs InCUr￿d oll the charil8ble 8CtNities, including support costs and costs rdatlng to the
govemance ol the charity apporboned to charitable activibes.
Irr8coverable VAT is charged as an 8xpense against the activity for bthiej) expenditur8 arose.
Support cost allocatlon
Supptrrt costs are those that assist the work of the d)arily but do not direcuy represent charitabl8 actfvities
and includ8 officè and govemanc8 costs. They are incurred dir8Ctty in support of expenditure on the objects of
the charity. All support cosi¥ are directly altributable.
1.6 Tanglblo fixed assets
AsS8ts costing £1,000 or more are capitalised as tangible fixed asgets and ars cathed at u)s( net of
deP￿CIatIOn and any provision for impairment. C08t indudes ¢05t5 directly attributable to makirw the asset
capable of oparadng as intgnd8d.
Depreciation is recognised so as to wrSie off the cost or valuation of assets 1959 thdr residu81 v8lu&s over thgir
useful I*v85 on the following bases".
Freehold buildings
Motor vehicles
50 years
5 years
A r8view lor impaimiént ol a fixed asset is carried out if events or changes in circumstances Indicate that the
carrylng value of any fixed asset may not be recoverable. Shorttalls belween the carrying valu8 of fixed assets
and their recoverable amounts are recogni58d as impairm8nts. Impairm8nt losses are recognised in ihe
Statement of Financial Activities.
1.7 Investment propgrt18s
Investm8nt properties ar8 hèld at deemed cost on Irdnsition to FRS102, bdng the markat value at th8 last
valuation date.
1.8 FIx8d asset In¥￿tMentS
Investrn8nts are recogni5ed initiJly at fair value which 15 nomially th8 transaction pr￿ excluding transaction
costs. Subsequently, they are measured at fair value wlth ¢hang85 recognised in "net gains I Ilossesl on
Investment5, in the SOFA if the shares are publ￿lY trad8d or thelr fair valuè can otherwise b8 measured
reliably. Oiher investments are measured at cost le85 impaimient

CONVENT OF THE SACRED HEART OF JESUS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2022
A¢counting pollcles
{Continuedl
1.9 Impalrment of flxèd assèts
Assets not measured al lair value are reviewed for any irKlscation that the asset may te impaired al ga¢h
balance sheet date. If such indication exists, the recoverable amount of thè asset, or th8 asset's cash
generating unit, is estimated and compared to the carrying amount. whe￿ the carying amount exceed5 Its
recoverable amount, an impairment loss is recognised in profit OT105s unless the assat is carried al a revalued
amount where the impairment loss is a revaluatK)n.
1.10 Flnancial instruments
Debtors and creditors with no stated interest rate and recewable or payable within one year ar8 recorded at
transaction price. Any losses arisiry from impairment ar8 recognised in expenditu￿.
1.11 Provlsion8
Provision5 are recognised when th8 charity has an obligation al the balance sheet dat8 as a result of a past
event. 1¢ 15 probable Ihat an outflow of economic benelits wll be ￿quired in setuement and the amount can I
reliabty estimated.
Critlcal ?￿OUntIng estlmates and judgèmentg
In the app1￿catIOn ol the TrLt5t's accounting policies, the Trustees 8Te ￿qUIred lo make ludgements, estimates
8nd assumptions about tha earying amount of assets and liabilities that are not readily app8rent from other
sources. The e$tirnat8s and associated assumptions are based on historical 8XP8ri8nce and other factors that
are congdered to be relevant. Actual results may diff8r Irom these estim8te5.
The estimates and und8rfying assumption$ are remewed on an ongoing basis. Revisions to aceounting
8sllmates a￿ recognised in the period in which the estirnate is revised where the revision alfects only ihal
period. or in th8 p8ri0d of the revision and lulure periods where the revision affects both current and future
periods.
Oonatlons and 1ggacl•s
Unrestrictèd Unrestricted
funds
funds
2022
2021
Donations and gifts
38,706
45,372
(Xher trading actlvltleg
Unrestrlcièd Unrestric
fund5
funds
2022
2021
Student rents
69,338
58,672
10-

CONVENT OF THE SACRED HEART OF JESUS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2022
In¥•stm•nts
Unrestrlct¢d Unrestriclgd
funds
funds
2022
2021
Rental income
Income from listed inv8Stments
Inlerest receivable
26,908
31,326
34
20,907
14,916
58,268
35,830
Ralslng funds
Unrestrlct•d Unrestricted
funds
funds
2022
2021
Investment management
9,169
8,115
9,189
8,115
Charitabl• actlvlties
Total
2022
Total
2021
Sisters, Living Costs
Chapèl Costs
Grfts & Don8tions
Housekeeping costs
Community Costs
2.785
573
2.242
6,142
40,000
2.868
407
2,398
6,349
40,102
51.742
52.124
Share of support costs (see note 81
Share of governanc8 costs Isee note 81
71,342
5,700
76,611
5.650
128,784
134,385
l expenditure on charitable expenditure in both 2021 and 2022 was unrestriotad.

CONVENT OF THE SACRED HEART OF JESUS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JUL Y2022
Support costs
Support Governance
costs
costs
2022
Support Governance
costs
C06ts
2021
Deprecjation
Building Maintenance
Rates, Water, &
Insurdnce
Travd Expenses
Telgphono
Heating & Lightlng
Sundry
38,400
14.731
38,4CM)
14,731
39,361
25,216
39,361
25,216
2,258
1,876
1,434
8,509
4.134
2,258
1,876
1,434
8,509
4,134
2.115
1,523
1,642
4.195
2,559
2.115
1,523
1,642
4,195
2,559
IE fees
5,700
5,700
5.650
5,650
71,342
5,700
77,042
76,611
5.650
82,261
Analysed betwe&n
Charitable act¢vities
71,342
5,7(M)
77,042
76,611
5,650
82.261
Goveman￿ costs includes payments to the independent axaminers of £5.70012021- £5,650) for IE fees.
Trustees
As a mernbtsr ol the order, one trustee's living expenses duTing the year w8rè bome by th8 charity but the
trustees received no remuneration or othèr benefits in connection wth their duties as tnJ5tees duriro thè year.
The key management personnel of the charity comprfses the tnjstaès. The total 8rnount of empltyee benefits
lexcluding the above) r8C8ived by key management personnel lor their servicès to the charity was £nil12021..
The trustees did not have any expenses reimburséd during the yèar12021.' £Nill
10 Ngt gainsl{l¢)ssesl on inv•stments
Unrostrlctod Unrestricted
funds
funds
2022
2021
Revaluation ol investments
179,0341
257.140
12-

CONVENT OF THE SACRED HEART OF JESUS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2022
11 Tangible fixed assets
Freehold Motor vehlcles
bulldlngs
Total
Cost
At 1 August 2021
2,420,(X)o
9,295
2,429,295
At 31 July 2022
2,420,(K)O
9,295
2,429,295
Dèpreclatlon and Impalrment
At 1 August 2021
Depreciation charyed in the year
230,400
38,400
9,295
239.695
38.4(M)
At 31 July 2022
268,800
9,295
278,095
Carrying amount
At 31 July 2022
2,151,200
2,151,200
At 31 July 2021
2,189,600
2,189,600
Included in land and buildiThJs Ss land al a value of £500,1M)0 {2020'. £5CK),0001 which is not depreciated.
Freehohl land and buildings includ8d above are r8ctynised at deemed cost on transltion to FRS102. The58
assets wer8 last valued at 31 July 2013 by Mr N Morgan Msc FRICS. The historic cost equNalent of these
assets is £59,572 in 1972.
The historic cost for freehold land and bulld1t￿$ is not known.
12 Investment property
2022
Falr value
At 1 August 2021 and 31 July 2022
1,030,000
No figure for the cost of th8 inveslment propertles is available. The value at vthich it was first ￿COgnised on
Ihe accounts was £45.000 in 1993. This was subs8quently 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 LaThJtons.
2022
2021
Freehold
1,030,000
1.030,CX)O
13-

CONVENT OF THE SACRED HEART OF JESUS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2022
13 Flxed ass¢t Invostmonts
Listed
Inv•stments
Cash In
portfollo
Total
Cost or valuatlon
At 1 August 2021
Additions
Valuation changes
Dividends. Interest, and fees
Transferg
Disposals
1,545.571
202,696
179.0341
37,272
1202,6961
1,582,843
179,0341
22,173
31,646
22,173
31,646
142,294
1142,2941
A131 July 2022
1,526,939
30,689
1,557.628
Carrying amount
Al 31 July 2022
1,526.939
30.689
1,557,628
At 31 July 2021
1.545,571
37,272
1.582,843
2012
2021
Inveslrnents at fabr value comprisè..
Equitiès
Securities
Cash within investrnent portfolio
1,344.557
182.382
30.689
1.326,609
218,962
37,272
1,557.628
1.582.843
The fair value of listed investments Is determined by referencè to the quoted price lor identical assets in an
active rnathet at the balanca sheet date.
14-

CONVENT OF THE SACRED HEART OF JESUS
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JUL Y 2022
14 Credltor8'. amounts falllng du8 wlthln one year
2022
2021
Accruals and def8rred income
7.560
5,650
15 Analysls of net assèts between funds
Unr•strfctgd Unrestricted
funds
funds
2022
2021
Fund balances at 31 July 2022 are rgprasènted by..
Tangible assets
Investment prO[￿rtIeS
Investments
Current as5ets/lliabilitiesl
2,151,200
1.030,000
1.557,628
63,281
2,189,6CX)
1,030,0(X)
1,582.843
$0,341
4,802,109 4,852,784
16 Related party transactlons
Thère We￿ no disclosablè relaied party transactions durirg the year12021 none).