BROTHERS OF THE SACRED HEART
Financial health, per its FY2024 accounts
The accounts state that the charity holds free reserves of £1,199,006, which the trustees consider to be in accordance with their stated policy target of 36 months' expenditure. The charity reported a net increase in funds of £421,053 for the year, driven significantly by investment gains, and the auditor confirmed there are no material uncertainties regarding its ability to continue as a going concern.
What the accounts disclose
“The trustees consider that, given the nature of the charitable company’s work, the level of free reserves should be equivalent to 36 months’ expenditure.”
“The charity also received income of £43,759 (2023 – £59,020), being stipends due for teaching and other services provided by members of the order during the year, as well as £12,000 (2023 – £12,000) in respect of rental income in relation to the Headmaster’s lodge” — page 35
“The charitable company also reimburses costs in relation to utilities such as gas, electricity, insurance, telephone and food to the College. The amounts reimbursed during the year amounted to £26,626 (2023 – £10,562).” — page 35
“The charity also received income of £43,759 (2023 – £59,020), being stipends due for teaching and other services provided by members of the order during the year, as well as £12,000 (2023 – £12,000) in respect of rental income in relation to the Headmaster’s lodge” — page 35
“The charitable company also reimburses costs in relation to utilities such as gas, electricity, insurance, telephone and food to the College. The amounts reimbursed during the year amounted to £26,626 (2023 – £10,562).” — page 35
“The charity also received income of £43,759 (2023 – £59,020), being stipends due for teaching and other services provided by members of the order during the year, as well as £12,000 (2023 – £12,000) in respect of rental income in relation to the Headmaster’s lodge” — page 35
“The charitable company also reimburses costs in relation to utilities such as gas, electricity, insurance, telephone and food to the College. The amounts reimbursed during the year amounted to £26,626 (2023 – £10,562).” — page 35
Year-over-year changes
- Reserves position vs the charity's own policy moved from "below" (FY2023) to "above" (FY2024).
Register events
- Received assets from another charity (28/02/2013)
Trustees
- Br Barry Landry SC
- Br Joseph Holthaus SC
- Br Michael Migacz SC
- Br Raymond Alan Hetu
- Br Ronald Hingle SC
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2025 | £481k | £394k |
| 30/06/2024 | £470k | £391k |
| 30/06/2023 | £428k | £317k |
| 30/06/2022 | £406k | £288k |
| 30/06/2021 | £405k | £320k |
Common questions
Is BROTHERS OF THE SACRED HEART financially healthy?
The accounts state that the charity holds free reserves of £1,199,006, which the trustees consider to be in accordance with their stated policy target of 36 months' expenditure. The charity reported a net increase in funds of £421,053 for the year, driven significantly by investment gains, and the auditor confirmed there are no material uncertainties regarding its ability to continue as a going concern. Its FY2024 accounts were audited by Buzzacott LLP.