REGISTERED CHARITY NUMBER: 215011 Report of th• Trust￿ and Financial Statements forthe Year Ended 30 June 2025 Sa¢red Heart Fathers Trust DJH Audit Lirniled Oriel House 24 Oriel Road Bootle L20 7EP Sacred Heart Fathers Trust ontents of the Financlal Stateménts for thtr Year Ended 30 June 2025 Page Report of the Trustees Report of the Independent Auditors 7 to 8 ststomont of Financial Activities Balance Sheet 10 Cash Flow Statement Notes to the Cash Flow Ststernent 12 to the Financial Statements 13 to 22 Sacrèd Heart Father¥ Trust Report of Tru$t¢os forthe Year Ended 30 JU￿ 2025 The trustees present their report with the financial stalernenls of Ihe charity lor the year ended 30 June 2025. Thè Iru8lees have adopted the provisions of Accounllng and Reporting by Charilies.. Statement of Recommended Praclrce applicatAè lo charities preparing their accounts in accordanc8 with the Finan￿81 Reporting Standard applicable in the UK and Republi¢ of Ireland IFRS 1021 (effective 1 January 20191. OBJECTIVES AND ACTIVITIES Objèetrve$ and aims The pmcipal objefAive of the charity is the advancement ol religion. This indudg$= The pastoral care of individuals and group5. To provide places of spiritual retreat. courses in peT50nal development and religious education Assistance with the on-going education of children and young 8dulls Thè rèlief of poverty and 8ickness at home and abroad. To assist in the rèlièf of poverty and 115 consequences in areas of the mission of the Gongregation and in areas of natural di5aster5. Welcoming students from poorer countries lo study al accredited educational facilities in the UK and Ireland. Welcoming students lo study at recognised English language schwls to enable the international development of e Congregation. Providing places of r8tr8* open lo all. Life- long care for the members. To promote the spiritual, moral, and intelledual wellbeing of the Member5 of the Congregation. To provide services and nursing care for the sick aThJ elderfy Member3 of the Congregati)n in accordan￿ with tha core value5 and ethos of the Congregation. Page 1 Sacred Heart Fathers Trust Report of the Trustees forthe Yèar Endéd 30 June 2025 ACHIEVEMENTS AND PERFORMANCE Charitsble activities The rnain object for which tt)e charty is estsblished is lo advan￿ religion through the education81, and tharitable works carried on by the Congregation of The Priests of the Sacred Heart of Jesus in England and Wales, Scotland, Ire18nd and throughout the World in accordance wrth the ethos, mission and philosophy of Father Leo John Dehon and to provide for the Membws of the Congregation during their lives. The Sacred Heart Fathers ¢onlinue lo offer support for students, adults. retreats, quiet lirnes. spiritual directH)n and accompanirnent for individuals and groups in various locations Ihroughout Great Britain and Ireland. By rt5 very nature the Congregats'on is an apostolic institute., and $0 we readily place ourselves at the service of the Church in ils varK)u5 pastoral works. The charty provides faalilies where individuals and groups can gather for periods of prayer, silen and recollection. It also provides for the religious needs of people by providing religious services and offering spiritual gu￿anCe. The adminisirative Centre for Ihe group is at St John's, Stockport, where. as well as offices for tt)e Provin AdrninistratK)n. provision is made for older members, assisted by the servi￿$ of the Sl John of God Hospitaller Service. The Sa¢red Heart Fathers witnesses to the Christian faith in both the local and wider community through the provison of worship and prayer spac8. Vvhile Sl John's is ihe administratwe ￿ntre and a residenTr for the eldeily, the facxlities of the house ale also used to enable people lo participate in liturgies and gatherings for prayer. Courses on faith development are offered and groups are abla lo attend for day retreats or days of recollection. At St John's. the Sacred Heart Fathers 81$0 provide for the human development ol people by providing courses on psychology and spirituality. Visiting members of the Congregation from abroad are also wel¢otlled al Sl. John's. Mernbers come for meetings of the Sacred Heart Fathers and have the possibility to spend some time of sabbatical the￿. Members of the cornmunity * St John's assisl in neighbouring parishes a5 well as providing opportunities for prayer and worship at the ￿ntre itse￿. There wa5 an decrease in Maintenan￿ costs at St John'5 during the period, However, maintenanTr is an ongoing issue. Also heat and light costs increased due to the newj to provide a warn) and safe emfironmenl for the eklerty there. Sl John's is also the setting fu the Promotlons Office - the funclion ol which is to pronN)te the spirituality of the Sacred Heart and lo keep in contact with benefactors. Various tnailing5 are sent out during the year to our benefactors during the year. A letter is written al least ￿l¢e a year informing benefactors of recent new5 and events and inviting them lo make a contribution to the work of th8 Sa¢Ted Heart Fathers. The Sacred Heart Fathers greatly value thelr benefactors 8nd their generous contributions. Currently. the Order administers the parish of St John Vianney on behalf of the Archdiocese of Dublin. In the pastoral care of those entrusted to us we aim lo give conoyele expression to our spirituality and develop the life ol the Church. In the parish ltr￿ Sacred Heart Fathers minister to people of all age groups - providing religious servI￿s, pastoral accompaniment and enabling people to participate in liturgies. Therè is also 8 developing multicultural focus in Ihe parish with ministry to Indian, Polish, Filipino, and other nationalities attending ser¥icas thgre. Tha Sacrèd Heart Fathers assist in other parishes in Eng18nd and Wales. Scotland and Ireland. Thè Salxèd Heart Fathers are committed to Fyovlde support and assi8tsn￿ in the safeguarding of children and vulnerable adults. The Trust implements best practi￿ in safeguarding, ensuring that children and vulnerable adujts are safe and well looked after while in the care of any ministry of the Congregation. Members attend training in safeguarding and ensure continual professlonal development. The Charity is affiliated to the National Religious Lrfe Safeguarding Service in England and Wales. the National Board for Safeguarding Children in the Catholic Church in Ireland and The Scottish Catholic Safeguarding Standards Agency. It also has th8 servi(*s of 8 S8feguarding cTrordinator and has a designated liaison person. All rnernbers coming from abroad to engage in any publ￿ ministry musl promde a leslimony of suitability. agree to poll¢e vetting and comply with all Safegua￿1ng policies and procedures. ThÈ Sacred Heart Fathers are committed to propedy r&sourc& and financ8 any safeguarding initiative. The Congregation continues lo develop our ministry at Smithslone House, KI￿Inning. Ayrshire, Seotland. ¢ornmunty organise religious seNices and a￿￿￿ spiritual formation courses. Adult faith formation courses and days of retreat are given al various times. It Is possible f¢r people lo spend lirne here undislurbed. in silence and Iranquillity. Facilities are developed and improved to provide better Spa￿ for visitors on retreat or attending religK)us services. This place, for silen￿, prayer and rèfle￿10￿. is open lo all people who seek personal ￿neWa1 and space. We will continue to use our facilities for prayer and retre81- tx)Ih for individuals and groups. A particular focus in the period was to continue lo improve the facilities of the house and grounds. Both ¢onlilbute lo ¢re81ing a sparR for prayer, silence and ollection. This is reflected in the expenditure of the period. th this in mind, the communty at Smilhstone House a150 seeks to promote the protection of the natural environmant through education and encouraging public awareness on the importance of the protection of the environment. New shrubs and trees are planted each year as part of our commitment to care for the environment. Thi$ also reflects the rrent thinking, rooted in the writing of Pope Franas. of caring for the earth and our natural environment aÈso as a path of prayer, renewal. refreshment and finding God in nature. Page 2 SaerÈd Heart Fathers Trust Report oftho Trusts¢$ forthe Year Ended 30 Junè 2025 The community at Inchicore Road, Dublin, Ireland, is the main fomiation community and welcomes new c8ndidale$ lo the Congregation. 11 is also a residen￿ for elderly retired members. As the ￿ntre ol formation it also welcomes students from the Congregation who come from abroad to Study. Members of the Congregation from other Provinces, such as Spain, Portugal and Italy are welcomed at Inchicore Road for periods of sabbatical and renewal. Others members, particularfy Asian 8nd South American, join with the community while attending English language courses Dublin. This is to enable Ihosg mernbers lo develop their ministry lo English speakers throughout world both in the academic and pastoral settings. English language course fees increased during the period as individuals spent longer al the schools. Since members from abroad attend various academic and training courses the communty al Inchicore Road ha5 higher spending in this area. The community also w8komes indNiduals and groups from the local C￿mrnUnty for person￿ developrnent and spiritual growth. The community at Inchicore Road fs also a centre for the care of sick, retired and eidedy members from the Pmin￿. Maintenance costs at Inchicore InC￿aSed rèfleding extra plumbing and electrical costs. To provide for the care of the elderly two staff are employed. Consequently, the community al Inchicore Road has a higher wage bill than any other comrnunty. 11 also ha8 the assistan￿ of qualifkd volunteers available to 8S5151 in care giving. Elderty members in each community house continue to be available to support the work of the Trust thrO￿h prayer. being available to listen to and support individuals come lo our houses. Often this is an undervalued ministry Sin￿ it is quieter bul il Is 8 real service offered to people. Mhen the Community 13 unable to provide a level of appropriate care, individual sick and elderly members can become resident in a nursing home. Depending on the needs of the individual, this can be on a temporary or permanent basis. This situation is Constant￿ under rewew. It Is our intenlK)n that all members should be able to stay In the community for as long as possible. However, It is likely that Ihls cost will increase in the future- as more professional assistance Is required for the sick and elderly. The Trust supports members of the Sacred Heart Fathers who work IF7 Some of the poorest parts of Europe, Moldova / Transdniesler and across the world in the Philippines, Vietnam and Cameroon. The fund for Molck)va was set up after the visit of the Provincial to the area some years ago - and is a response to the extreme p)vety of people Iheig. The fund is used lo help the Congregation develop its spiritual and social mi$sion in Moldova - providing material aid and also helping to support the pastoral work of the Congregation in Moldova. funds will be used lo alleviate povety, give support to local Communit￿$, providing aduEt and youth formation, and prowde part contribution towards the building of pastoral centre and churches. local medical centres 8nd so on. The projed is part of contribution of the Congregation lo the overall mission of the Church in Moldova. In line with Catholic social teaching, the charrty wll respond in the relief of povety and its consequen￿$ both at hoTne and in areas of the Mission of the Congregation and in aieas tsf natural di58slers. ￿￿here appropriate the Charity will liaise with other bodies involved in charitable works having a main 0￿.eCt similar to those of the Sacied Heart Fathers Trust. This is an expression of the philosophy and ethos of the Sacred Heart Fathers. Members are also committed lo the philosophy and practi￿ outlined by Pope Franry$ in his Enc￿lIcal, Laudato Si lour common horne is like a sister with whom we share our lifel. Each community uses volunteers in various capacities. The roles now include assisting in administrati(￿, (xring lor the sick, elderly and disablèd lincluding some volunteer retired nurses), housekeeping and cleaning. Mthilst the volunleer3' work is greatly appreciated it is not apprtspriatè to place an econornic value on it and it is therefore not included in the Slalemenl of Fin8ncial Activities. Like all Religious Orders in Europe Ihe Congregation has seen a dedine in membership in recent years mainly due to the death of elderly membeis. However, priests and brothers from other parts of the Order have come to live and rninisler here on a pem)anent or extended basis lahMay5 in Ix)mpliance with visa regulations when required). The International l¢adeiship of the Sacred Heart Fathers in Rome is keen to promote the exchange of appropriately qualified personnel. Exchange of personnel is afv4ays under revi￿￿ and all must comply with p)lice vetting and safeguarding policy. Part of the work of the Charty is to promote vocations and onwng fomati¢)n. This Ts to edU￿e aryl train botr current and new Members of the Congregation. In recruiting new members, the Charity hope to carry on its work. In providing ongoing formation (or continual profession￿ development) to current members the Charity aims to maintain a professonal standard of seNice. Th& Order will Continue lo bok for new ways of fvnd raising during the year and seek to attract donors. It wlll 81$0 continue to develop our promotions resources and Mater￿1. It wll continue to develop links wth other regions of the Congregation to foster the excharYJè of personnel. It will also continue to support the education of future pn'ests and brothers for the Order. The Trust will continue to use it5 iesources for public benefit. The Province will continue to build on the work already being and seek new and creative ways to promote and develop the work of the Trust. Page 3 Sacred Heart Fathers Trust Report of the Trustees forthe Year Ended 30 June 2025 FINANCIAL REVIEW The Provincial Bursar reports regulady lo the Truste&s and receives financial reports bi-annually from all thè communities which are then remewed. Cash Rèserve5 and Investrnents From the balan￿ sheet on page len of this report 11 ¢8n be seen that there was an increase in the valuè of the trust from 211.304.848 10 £11.378,844. Cash held in bank accounts and in hand has marginally increased from £3,017.517 10 £3,307.916. The land al Redboume in Hertfordshire remains let out as farm lar)d. We renegotiated the rent a few years ago but we Continue lo look into way8 that this resource can improve fts relum for the trust. STRUCTURE, GOVERNANCE AND MANAGEME Structure The Congregation of the Priests of the Sacred Heart ISCJI was founded in France, in 1878. In Great Britain and Ireland the Congregation is known as the Sacred Heart Fathers. In other parts of the world its rnembers are known as the Dehonians in reference tts the Founder, Fr. Leo John Dehon. The Sacred Heart Fathers IS a ReluJious Congregation of men wthin the Roman Catholic Chur¢h. 11 is an international Rekngious Congregation of over 2300 prie$ls and brothers living and working in 42 countries in five continents. The cong￿gatIon is divided into Provinces, Regions and DiStr￿t9. The Grèat Britain Ireland Provin￿ compr¢ses England, Scotland and Ireland. The Gongregation first came to England in 1936, to Scotland in 1970 and lo Ireland in 1978. Within Great Britain and Ireland (thè GBI Provintsl it operates as a charitable trust with a single governing body, namely the Provincial Council, which manages the group according lo the trust deed of the Charity and the Canon law of the Churd). The Provancial Council 8re the trustees of the charity together with the bursar. There are regular meetings of the Provinaal Council throughout Ihe year. Financh?I matters are (fiscussed by thè trustees at de51gnated meeltngs. The Sacred Heart Fathers operate in aC￿rdance with theyr Conslilutsons and also the Provincial Directory ol September 2014. Rlsk Manag•m•nt The trustees accept their ￿sponSIbl[ty lo carry out and to respond to a regular rewew of the iisks to whith the Charity is exposed. By means of audits and expert guidance they seek to ensure that appropriate financial controls arè In place to provide reasonable assuranTr against error and fraud. Managernenl recommendations arising from the annual audit a fully disGussed 81 a finance meeting of the trustees and whenever changes are required lo be rnade these are implemented as lully and quickly as possible. Public B•￿rit The trustees acknowledge th8 Charity Commission's guidan￿ on publ￿ Bènèfit and have taken this into acoiunl when reviewing and planning their activitie5. In their planning for 2024 - 2025 they considered in particular, how best to use the resources ol the Charity in respect of thè duty of care owed to the older members. They agreed the improvement of facilitie5 at Inchi¢ore Road and Smithstone House to improve facilities for prayer and reflection. The community at Inchicore Road welcomed more members for study and ongoing formatt.on enabllng contlnuing professional development essential to our rninislry to people. They also welcomed members who wished to develop a professional competency in English lo work in unNersities in Europe and Asia. Also. when appropriate, the trustees wll invite these and other mernbers back to the Province to give retreats oi days of recollection lo people from other natk)nalilies who may want lo avail of our farilitEs and seTvices. The plan for the ongoing Ministry at St John's, Stockport was also reviewed and agreed. On-Golng Tralnlng I Protsssional Development New trustees are glven tnduclTon and training as appropriate and have been provided with relevant matertal. ICC3. & CC35, from the Charity Commission for England and Wa￿s) The bur58r attends course5 and conferen￿$ deslgned lo keep him up-to-date with best praclfce in Bril8in and Ireland. He has professional assistsn¢& from a firm of chartered accountants with understanding of the Charity sector. The bursar is a member of the Association of Province Bursars IAPBI and participates in professional dèvelopment prograrllmes nationally and intemationally. Page 4 Sacred H•art Fathèrs Trust Report ofthe TrLFstses for the Year Ended 30 June 2025 REFERENCE AND ADMINISTPATIVE DETAILS Registered Charlty numbor 215011 Principal address St John's 266 Wellington Road North Stockport Cheshère SK42QR Trustèès Reverend H Hanley SCJ Reverend J Kelly SCJ Reverend R Mann SCJ Reverend M Szalwa SCJ Reverend M S Temgo SCJ Auditors DJH Atsdit ￿Miled Oriel House 2-8 Oriel Road Boolle L20 7EP Prlnclpal Solicitor¥ Royds RDW 2 Crane Court Fleet Street London EC4A 2BL Prin¢ipal Bank Lloyds Bank Regent Street Wrexham LL11 1SE Allied Irish Bank Steiling Branch St Helen's 1 Undershaft London EC3A 8AB Registsred in Scotland SG 041571 Registered in Ireland CHY7096 Page 5 Sacred Heart Fathers Trust R&port of the Trust¢¢$ for thè Yaar Ended 30 Junè 2025 STATEMENT OF TRUSTEES. RESPONSIBIUTIES The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance wilh law applicable lo charities operating in England and Wales, and in Scolland, namely the Charities Act 2011, Charity (Acoounls and Reports) Regulations 2008. the Charities and Trustee Investment (Scotlandl Act 2005, Ch8rilies Ar£ounts (Scotlandl Regulations 20(￿ and the provisions of the trust deed requires the trustees lo prepare financi81 statements for each financial year which give a true and tsir view of the stale ol affairs ol charity and of the incoming resour￿$ and applulion of resoUr￿s, including the income and expenditure. of the chaiity for that peiiod. In preparing those ffinancial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently,. observe thè methods and piinaples in the Charity SORP., make judgements and estimales that are reasonable and prudent; prepare the finanual slalements on the going concem basss unless ￿ is Inapproprfate to presume that itr charity will continue in business. The tfUStee5 are responsible for keepin9 proper 8cxounling records which disdose with reasonable accuracy at ary time the financial positson of the charfty and lo enable them to ensure that the finanual statements comply with the Charities Act 2011, the Charity IAccounts and Reportsl Regulations 2008, the Charities and Trustee Investment IScotlarKII Ad 2005, the Charities Accounts (Scotlandl Regulations 2006, and the provisions of the trust deed. They are also responsible for safeguardirig the asset5 of the charity and hence for ts￿ng reasonable Steps ft)r the pravèntlon and detection of fraud and other Irregularities. 2510512026 Approved by order of the board of trustees on.................................. and signed on its behalf by. Reve￿nd J Kelly SCJ- Trusloe Page 6 Rèport of the Indèpendent Auditors to the Trustees of Sacred Heart Fathers Trust Opinion We have audited the financial statements of Sacred Heart Fathers Trust (the 'charity'l for the year ended 30 June 202$ whith comprise the Statement of Finanaal Actwitiès, the Balan￿ Sheet, the Cash Flow Statement and notes to the finana81 statements, including a summary of significant accounting policies. The finanrial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Acceptad Aceounting Pradicel. In our opinion the financial statements.. give a true and lair view of the state of the chantrfs affairs 8$ al 30 June 2025 and of its incoming resources and application of resources, for the year then ended.. have been properfy prepared in accordance wrth United Kingth)m Gen6ra11y Accepted A￿ounting Practice., and have been prepared in accordance with the requirements of the Charities Act 2011 and the Charities end Trustee Investment (Scotlandl Ad 2Crf)5 and regulation 8 of the Charitie5 A￿Unts {Scotlandl Regulat￿)n$ 2006. Basis for opinion We conducted our audit in accordance vith Intemaiional Standards on Audthng IUKI {ISAs IUKII and applicable law. Our iesponsibilitie5 undei those stsndards are further described in the Auditors, respon$ibilitie$ ft>r the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to OLJr audit (yf the financial statements in the UK, including the FRC'S Ethical Standard, and we have fvifilled our other ethical responsibilities in accordan￿ with these requirements. We believe that the audit ewdence we have obtained is sufficient and appropriate to provide a basis for I￿r opirtion. Con¢lu¥ions relating to going concern In audrting the financial statements. we have concluded that the trustees, use of the going concem basis of accounting in the preparation of the financia statements is appropriate. Based on the work wa have perfomed, we have not identffied any material Un￿rtaIntieS relatin9 to events or condltions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concem for period of at least Nvelve months from when the financlal $lat¢menls a￿ aulhoris&d for issue. Our ￿SPonsibl11tieS and the responsibilities of the trustees with respecl to going concem are desCri￿d in the relevant sections of this report. other infomiation The trustees are responsible for the other inlorrnation. The other infomiation comprises the infomation induded in Ihe Annual Report, other than the financial statèments and our Report of the Independ8nl Auditors thereon. Our opinion on the finanoal slalements does not cover the other information and, except to the extent othetwise explicitly stated in our report. we do not expres5 any fomi of assurance conclusion thereon. In conne(*"on with our audrt of the financial statements, our responsibility is to rèad thè othèr infomation and. in dcing so. consider whether the other infomation is materially incnnsistent with the financial statements or our knowledge obtained in the audtt or ()th&rwis8 appears to be materially rnisstated. If we identify such rnaterial inconsistencies or apparent rnaterial misstatements, we are reqUI￿d to determine whether this gives Thse lo a rnaterial mi$51alement in the financial stalernents themselves. If, based on the work we have perfomed, we conclude that there is a m8letiaS misstatement of this other infomation. we are required to report that fact. We have nothing to report in this regard. Matters on which we are required to report by excepUon We h8ve nothing to report in respect of the following matters where the Charities IAccounts and Report$l Regulations 20Q8 and the Charrties Accounts (Scotlandl Regulations 2006 requires us to report to you if, in our opinion.. the information gwen in the Report of the Trustees is inconsistent in any material respect with the ffinanc￿l statements.. or - suffiaenl accounting records have not been kept., or - the financlal statements are not in agreement wth the accounting records and returns.. or - we have not re￿iVed all the information arKI explanations we require for our audit. R•sponsibiliti•s of trustees As explairned rrore fully in the Statement of Trustees, Responsibilities, the trustees are responsible for the preparation of the financial statements whith giv8 a true and fair view, and for such internal control as the trustees determine is ne￿SSary to ena￿e the preparation of financial statements that are free from material mi5slaternenl, whether due to fraud or error. In preparing the finanual statements. the trustees are responsible for assessing the charity's ability to continue as a going COn￿M, disclosing, as appliG4ble, rn8tters related to going concem and using the going con￿rn basis of aco)unting unless the trustees either intend to Iv4UKl8te the charity or lo cease operations. or have no realistic allernalive but to do so. Page 7 Report of the Independent Auditors to the Trustses of Sacred Heart Fathers Trust Our responslbllltl•s for thtr audit of the financlal ststements We have bèèn appointed as audilors under Section 144 of the Charities Act 2011 and under Sectlon 44111¢ of the Charities and Trustee Investment (Scotlandl Ad 2005 and report in accordance with those Acts and rèlevanl regulaltons made or havlng effectlhereunder. Our objectwes a￿ to obtain reasonable assurance about whether the finandal st*emenls as a whole are free from rnalerial rnisstalernent, whether due tr) fraud or error. and lo issue a Report of the Independent Auditors that indudes our opinion. Reasonable assurance is a high level Of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always detect a material misstalemenl when it exists. Misstatements aiise from fraud or error and are considered material if, individually or in the 8ggregale, they could reasonably be expected to Influen￿ the ecL*nomic deasions of users tsken on the basis ofthese finandal stslemenls. The extent lo which our procedures are capable of dtrleding irregularities. including fraud is detailed below.. The objectives of our audil are to identify and assess the risks of m81erial misstatement of the finanual statements due to fraud or error,. to obtain sufficient appropriate audit evidence regarding thè assessed risks of rnaterial misslatemenl due to fraud or error,. and to respond appropriately to those risks. Owing to the inherent limit81ions of an avdil, there is an unavoKlable risk that mater￿1 misstatemènts in the finan￿81 statements may not be detected, even Ihough the a￿111 s properly planned and performed in accordance wth the ISAS IUKI In identifying and assessing rtsk of material misstalernent in respect of irra9ul8rit￿, ￿clUdIng fraud and non-compliance with laws and wulations, our procedures included the following". - We obtained an understanding of the legal and regulatory frameworks applicable lo the charity and the sactor in wh¢h It operates. We d&lermined that the following laws and regulali(ns were most significant.. the Charities Act 2011. the Charities and Trustee Investrnenl Iscotlandl Act 2005, regulation 8 of the Chaiilies Accounts Iscotlandl Regulations 2006. UK corporate tax laws, UK employment laws alld UK health and safety regulations. We i)blained an understanding of how thè Charity is complying with those legal and regulatory frameworks by making enquiries of management, reviewing the board meth.ng minLrtes, reviewing the legal costs incurred in the year and enquiring with management to the Cir￿mStanCeS around these legal eosts. We assessed the SUs￿ptibIlity of the Chariws financial statements to materialty misstatement. including how fraud rnight 0￿Ur. Audit prcrRdures performed by thé al￿11 engagernent team induded.. identrfying the contro15 that rnanagement has in place to prevent and detecl fraud,. chalenging assumptions and ludgemenls rllade by rnanagernent in ils signfficant aceountiNJ estimates.. auditing the risk of management tsverride of controls, including through testing journal entries and othèT adjuslrnenls foi appiopriateness, and evaluating the bLtsiness rationale of Significant transactions outside the normal course of business", . assessing the extent ol compllance with the relevant laws and regulats'ons. A fijrthèr dèscription of our responsibilities for the audit of the financial slalernents is located on Ihe Financial Reporting Counal's website at ¥￿￿.fr¢.0rg.ukla￿dltQrS responsibilbties. This descripllon forms p8rt of our Report of the Independent Auditors. Use of our report This report is made solèly lo the charitls trustees. as a body. in accordance with Part 4 of the Charities (Accounts and Reports) Regulalions 2008 and in accordance with Regulation 10 of the Charities Accounts{Scotlandl Regulations 20(￿. Our audit work has been undertaken so that we rnighl slate to the charitys trustees those matte15 we are r8quir8d to state lo them in an auditors, report and for no other purpose. To Ihe fvllest extent perrnitted by law, we do not a¢￿pt or assLJme re8ponsibilily to anyone other than the charity and the charitYs tru51ees as a body, for our audit wc(k, for this report. orbrlhe opinions we have formed. DJH Audit Limited Oriel House 2-8 Oriel Road Bootle L20 7EP Dale.. 27105r2026 Pagè 8 Sacred Heart Fathers Trnst ststement of Financial Activities for the Year Ended 30 June 2025 30.6.25 Total funds 30.6.24 Ttstal funds Unrestricted fund$ Restricted funds Notes INCOME AND ENDOWMENTS FROM Don8b"ons and legacies 25,2S2 25,252 186,897 Charitablè aetivities General 121.111 121,111 115,387 Other Irading activities Investment income 8,608 294,139 287,754 287.753 Total 434,117 434.116 605.031 EXPENDITURE ON Raising funds 21,506 21,506 19.466 Charitsbla a¢Wvltl¢g General Extraordinary rtem 5.119 551,162 633,768 157,863 Totsl 567,549 5,119 572.668 811,097 Nel gains on investments 212,548 212,548 484,520 NET INCOMEIIEXPENDITUREI 79.116 15.1201 73.996 278,454 RECONCILIATION OF FUNDS Total funds brought forward 11,098,511 206,337 11,304,848 11,026.394 TOTAL FUNDS CARRIED FORWARD 11,177,627 201,217 11,378,844 11,304.848 The notes foim part of these finan¢i81 slalements Page 9 Sacred Heart Fathers Trust Balan¢e Sheet 30 Jurt• 2025 30.6.25 Totsl nds .6.24 Totsl funds Unrestricted funds Restd¢t8d funds Notes FIXED AssErs Tangible assèts Investmer Investments Investment property 13 1,871.120 1,871,120 1,884.808 14 15 6,897,873 so.000 6,897,673 50,000 6,719,877 50.000 8.818,993 8,818,993 8,￿4,685 CURRENT ASSETS Debtors Cash at bank and in hand 16 7.920 3,106,699 7,920 3,307.916 419,411 3,017,517 201.217 3,114,619 201,217 3,315,836 3,436,928 CREDITORS Amounts falling due within one year 17 1755,98SI 755,9851 1786,7651 NET CURRENT ASSETS 2.358,634 201,217 2,559,851 2,650,163 TOTAL ASSETS LESS CURRENT LIABILITIES 11.177,627 201,217 11,378,844 11,304,848 NET ASSETS 11,177,627 201,217 11.378,844 11,304.848 FUNDS Uniestricted furKIs Restricted funds 19 11.177,627 201,217 11.098,511 206,337 TOTAL FUNDS 11,378,844 11,304.848 Thè fin8nctal 81alements were approved by the Board of Trustees aThY authorised for i&sue ..2510512(Y26.................. arKI were signed on its behalf by.. on UT J Kelly SCJ . Truslee The note5 fom part ofthese finanaal statements Page 10 Sacred Heart Fathers Trust Cash Flow Statemènt forthe Year Ended 30 Jun• 2025 30.6.25 30.6.24 Notes Cash flows from operating activities Cash generatéd from opèrations 7,024 1750,4391 Net cash provided byllused inl operating *tiviti&s 7,024 1750,4391 Cash flows from investing activities Purchase of tangible fixed assets Sale of tangible fLYed assets Sale of fixed asset investments Interest re￿iVed Diwdends re￿iVed 155,8471 18,553 34.551 1,745 284,373 113,0721 2,025 17,758 2,422 290,143 Nel ¢a$h provided by investing activities 283.375 299.276 Change in cash and cash equivalents In the reporting period Cash and cash equivalents at the btglnnlng of the reportlng period 290.399 1451,1631 3,017,517 3.468,680 Cash and cash equivalents at the end of the reporting period 3,307,916 3.017,517 The notes fomi part ofthese finanrial slatements Page 11 Sacred Heart Fathers Trust Notes to the Cash Flow Statement for the Year Ended 30 June 2025 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 30.6.25 30.6.24 Net income forthe reportlng perlod las perthe Statement of Financial Activities) Adju$tments for. Depreciation charges Gain on Investments Profit on diswsal ol fixed assets Interest received Dwidends received Decre8sellincreasel in debtors Decrease in cxedilors 73,996 278,454 69,532 1212,5481 {18,5491 11,7451 1284,3731 411,491 130,7801 57,3e8 1484,520} 17661 P,4221 1290.1431 (288.4￿) 119,9741 Net eash provided byllu$ed in) operations 7,024 (750.4391 ANALYSIS OF CHANGES IN NET FUNDS At 1.7.24 Cash 11ow At 30.6.25 Net cash Cash at bank and in haThY 3,017,517 290,399 3,307,916 3,017,517 290,399 3.307,916 Totsl 3,017.517 290.399 3,307,916 The notes fom part ofthese finanual statements Page12 Saered Hèart Fathers TTU¥t Notes to t￿ FinaneFal Statements for the Year Ended 30 Junè 2025 ACCOUNTING POUCIES Basls of prèparing the financial statements The fin8n(i81 statements of the charity, which is 8 public benefit enlty under FRS 102, have been prepared accordance with the Charities SORP IFRS 1021 'Accounling and Reporting by Charities.. Statement of Recommended Pia¢ti¢e applicable to charities preparing Ihwr accounts in accordance with the Financial Reporting Standard appliixble in the UK and Republic of Ireland IFRS 1021 Igffective 1 January 20191., Financial Reporting Standard 102 The Finanual Reporting Standard applicable in the UK and Republic of IrelarKI' and the Charities Act 2011. Thè financial statements have been prepared under the histori(31 c051 convenb"on. with the exTrption of investments whith are induded at market value, as modified by the revaluation of certain assèts. Income All income is recognised in the Statemanl of Finanaal Activities once Ihe charity has entitkment lo the funds, 11 Is probable that fhe income will be re￿iVed and the arnounl can be measured reliably. Expenditure abilities are recognised as expenditure as soon as there is a legal or construdive obligation committing the charity lo that expenditure, it is probable that a transfer of economic benefits will be required in settlem8nl 8nd the 8mount of the obligation can be measured ieliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all ¢osl ielaled lo the category. Where costs cannot be directly attributed to parb"cul8r headings they have been allocated to activ"rtie5 on a basis consistent with the use of resources. Support costs Costs which. whi16 necèssary to deliver an aclNiity. do not themselves produce th9 a¢tNity. They indude Ihe ntral office futKtions of the Charity and are often apportioned to activities. The amount shtswn here is the total amount of support costs Ifor charitable, fundraising and govemance activit￿$) irKluded in resour￿9 expendad. They are apportioned al the following percentages. Governance costs Premises costs Comrnunication costs Travel Personnel Finanaal -100Y. .10% -50% -25% 10° - 2SY. Governance costs Expenditure on the goveman¢e costs of Ihe charty It￿ude$ expenditure that relates specifi(xlly to the strategic and future developmenl of the charity. Tangible fixed assets Depreciation is piovided at th8 fr)IloMng annual rates in order to write off each asset over Its es￿rnated useful Freehold property Equipment and furnknre Motor vehicles Computer equipment 2Q/u on cost 5°/0 on reducing balance 25010 on ¢xJsl 25¢/0 on reducing balan Investment property The investment property has been valued al £50,0￿ by the board oftrustees. Taxatlon The tharity is èxempl from tax on its charitable activities. Fund aeeounting Unrestricted funds can be used in accordance with the charitsble objectives at the discretion of the trustees. Designated lunds eompri5e unrestricted funds set astde by the trustees for parbcular purposes. The trustees operate each community and ryoject ofthe charity as a separate designated fund. Restricted funds can only be used for parlicular restricted purpose8 wlhin the objects of the charity. Restrictions arisa Wh￿ sp9¢ified by the donor cl when funds are raised lor particular restricted purposès. Page 13 continued... Sacred Heart Fathèrs Trust Notss to the Financial Statements- eontinued for the Year Ended 30 June 2025 ACCOUNTING POLICIES- Continued Fund accounting Further explanation of the nature and purpose of each fijnd is included in the notes to the financial statements. Fund transfers occur biannually in the charity tr) reallo