Society Of The Sacred Heart
Latest income
£2.8m
Latest spending
£5.5m
Accounts read
FY2024
Financial health, per FY2024 accounts
The accounts state that the charity incurred a net outgoing expenditure of £2,744,583 before investment gains, resulting in a net decrease in funds of £1,114,449 for the 16-month period. Per the trustees' report, the charity holds total funds of £40.2m, with £1.4m in un-designated general funds and FX retranslation amounts. The trustees confirm that the organization has sufficient mitigation measures to meet its obligations as they fall due for at least 12 months from signing.
What the accounts disclose
Highest-paid employee band: £80,001 - £90,000
“In the period, there was one member of staff in earning in excess of £80,000 p.a. (2023: 1), who participated in the defined contribution pension scheme.” — page 41
Per FY2024 accounts as filed with OSCR.
Related-party transaction: The Province provided funding to Cedar House Nursing Home Limited in the amount of £883,612 (2023: £374,760). Cedar House Nursing Home Limited is a company limited by guarantee owned by members of the Society incorporated in the Republic of Ireland.
“In the period, the Province provided funding to Cedar House Nursing Home Limited in the amount of £883,612 (2023: £374,760). Cedar House Nursing Home Limited is a company limited by guarantee owned by members of the Society incorporated in the Republic of Ireland.” — page 49
Per FY2024 accounts as filed with OSCR.