DRAFT
Registered Charity Number: 1082226
R¢gist¢red Company Numb¢r: 03983543
FRIENDS OF THE LONDON ORATORY SCHOOL
(Acornpany LimitedbyGuarantee)
REPORTOFTHETRUSTEESAND
FINANCIAL STATEMENTS
FOR YEAR ENDED 31 MARCH 2024

FRIENDS OF THE LONDON OIUTORY SCHOOL
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
The members of thc Council who are the trustees of the charity and the directors of the charity for the purpose$ of company
law, submit their report and the financial statements for the year ended 31 March 2024. The trustees have adopted the
provisions of the Charities SORP (FRSI 02). second edition. in preparing the report and financial statements ofthe charity.
REFERENCE AND ADMINISTRATIVE DETAILS
TRUSTEES
Richard Adams
Fr George Bowen
Paul Harrington (resigned 16 July 2024)
George Maher
C,harles Doyle (appointed 16 February 2024)
Daniel Wright
Chris Mccallum {resi¥ned 16 February 2024)
ADMINISTRATORI
COMPANY SECRETARY
Alice Robinson
REGISTERED OFFICE
S¢agrave Road
London
SW61RX
INDEPENDENT EXAMINER
Tracey Young
Haysmac LLP
10 Queen Street Place
London
EC4R IAG
BANKERS
Lloyds TSB Bank Pl
417 North End Road
London
SW61NS
CHARITY NUMBER
1082226
COMPANY NUMBER
03983543

FRIENDS OF THE LONDON ORATORY SCHOOL
REPORT OF THE TRUSTEES (eontinued
FOR THE YEAR ENDED 31 MARCH 2024
STRucfuRE, COVERIYALYCE AND MANAGEMENT
The Friends of the London Oratory School (FLOS) is a charitable company limited by guarantee and was incorporated on
28 April 2000. It is governed by ils memorandum and articles.
The Charity is managed by employees of the school on a part time basis. AliLe Robinson. Development 0￿(cer. has
respunsibility of Ihc tnanagemenl of the Ch&rity with the support uf anLillary 51dff. Fiv¥ Trustc¥slDir¥Ltorb arc Lurrcnily
appointcd tu oversee the Charity. New TNstees are appointed by the Cuun¥il of'i rustees. 'l-h¥ induLlion and training of
new TrustCCS dcalt with on an ad hoe basis depending on their needs..
'lThe Council meets not le.ss than 3 times a year and at each Annual General meeting the longest serving Trustees
representing one third of the total numb¢r ot. Trustccs must retire but are eligible for rc-cleclion. if each so wishes. No
Trustee received any remuneration or expcnscs during the year nor in the preceding ye&r. The trustees who served during
the year and are in office at the date of this report are shown on page l.
RISK ASSESSMENT
The Trustees have ¢1SSe55ed the major risks to which the Chdrity is expoyed, in Pdrticular those related to the operations
il tinanL¥5 of IhL Charity, and are satislied ih&t systems arc in place to miligatc our Lxposure lo the major risks. -lThe
Irustees are tULU5Ld un rLsiuring thL Chdrity's pn)lil¢ and <i¢¢ivitics. lollowing th¥ P¢ind¢m i¥ and ivst vl. living Lribis, both
of which had an adverse impact on the L'harity.
Like many ¢haritiey the Lundon Or<ilury SLhool has in¢re&%in&,ly been aduptin¥ digital technologies lo streamline
vp¢rativns, r¥a¢h a wid¢r audi¢nc¢ and impn)ve ￿ndraisIng ¢lTorts. 'I'h¢'l'ou¢an 'l'¢¢h onlinc plailom1 has becn used mor¢
oxtensively but there 1.% still 5LUPe tu inLrease use of soLial media t() interact with ull part.5 Of the .5chool community.
WL cxpcci donnrs and parents generally lo increasingly demand morc transparency and accnuntabilily t.rom the school as
Ihcy do with all charities. To ensure that w¢ meet thi% requirement we have increasingly t()Lused on mcasuring and reporting
the impaLt uf Lharit&ble activities to dcmonslrale cffcctivcness.
Ther¢ i.s a reputati()nul risk fi)r k￿Y charity from a lack of Llurity in communiLating precisely wh&t they are rui.%ing income
rur. It is Iherelorc csscnlial, particularly in rclation lo t'uture capital campaigns, that plans arc lully costed and agrecd befor
any requests are made for donati(>ns.
It is also importanl to en4ure that mbu.5t accounting practic¢5 ar¢ in place to ringfvnce donations madc for spccilic projccts
and that Ih¥.4¢ £ir¥ L()mmuni¢at¢d regularly to boih dortors and Ih¢ brvad¢r SLhvol community.
Wilh rcgard to ihc risk of & drop in incomc from the Parental Contribulion Schcme this remains givcn thc continued cost
of living crisis but, whilst Ihc school is lar Irom immunc lo macro markcl factors, it is wcll positioned to Lonlinu¢ lo grow
its charitable income.
OWECTIVES AND ACTIVITIES
The obj¢Lts ure tu promole and further the charilable aims and objectiV¢5 of 'l'he l.ondon Oratory SL'hool und the welftwe
and cducation of'ihe registered pupils in atlendanL# at The London O￿Ory SLhool.
The sole aim of the L'harity is tu oversee the mtmagement of a Parent&l Lontribution 5Lheme.
The principal activitie5 01. the Charity each year are to raise funds primarily from parcntal contributions and to remit these
fiinds to The London Oratary Schaol as required.
Thc grant fflaking pvliLy of the Charily is lu make funds available to I'he l.ondon Oratory SLhool to fulfil the ubjects of
the Charity.
PUBLIC BENEFIT
The Trustees confirm that. in determ ining the activities of the Charityy they have paid regard to guidance issued by the
Charity Commission on public benefit.

FRIENDS OF THE LONDON ORATORY SCHOOL
REPORT OF THE TRUSTEES (continued)
FOR THE YEAR EIYDED 31 MARCH 2024
ACHIEVEMENTS AND PERFORMANCE
The Chartty h&5 shown a 14¥0 increase in income for the year ended 31 March 2024, plus an extraordinary trdnsfer of £136.465
from the London Oratory School Foundation {Ihe Foundation) which has similar charitable objectives to FLOS. Income,
includin8 Gift Aid, rose from £318,682 in 2022123 to £498,547 in 2023124,
This is set against a UK Lharity market in 2023 which showed that whilst fewer people donated to charity compared to before
the P<indemic, some donors arc giving in larger amounis. Overall, the UK public donated an estimated £13.9 billion to charity
last year- up £1.2 billi()n on 2022- despit¢ the fIn￿n￿l￿1 pressure on households. {Ch&riti¢s Aid F'ound -UK Charily Giving
Report 2024)
There are number of factors which a¢counl for the ris¢ in incom¢ for the Friends of the London Oratory S¢hool in 2023124;
I'h¢ rc¢¢ipt ol. funds fr()m the foundation, which has sharttd Lharitable objeLtiv¢s &nd has decided lo wind itself down in
tlic inlcrests of Inininii5ing running cosls and focussing fundraising lor the school through FLOS.
Th¢ grow¢h ol-th¢ Parcnlal Contribution S¢hcm¢ with th¢ numbcr of P¢irenls d()nuting inLr¥asing 10 413 and the average
monthly gift rising lo £45.
A numbcr of successful fundraising event% run during th¢ year. inLluding a Summ¢r Fair in July 2023 and an Auction in
NoveTnber 2023. Th#sg Lv¥nls have also cnablcd incomc from Corporate Match F'unding to be generated.
An incre&sc in incomc Irom Gift Aid as a result of bTrth gr()wing d()nations und impruving how we submit claims.
As with uthcr succ¢sslul lundraising s¢h(Trols w¢ r¢¢tTrgnis¢ the b¢nefit4 1)f Ll)Ilab()rating h&ve worked Ll()sely uver
the p851 Ye￿ with enthu.%ia%tiL l￿d rei()urL'eful Pa￿￿t￿. Thes¢ parents have be¢n a grLat assLI lo Ihc school hclping
M￿lMI.%¢ impact and reach ncw audicn¢¢s.
inally. and maybe most signifiLanily, w¢ have seen a real g¢ner()sily uf spirit from the whole London Oratory School
c()mmunity in r¢.%p()ns¢ l() the chall¢n8cs Ihc school h&s f8cLd during th¢ ycar. most notably Ir()m the tire in December
2023.
The ImpuLt Report 2023 highli8hicd how Ihc generous donations from current und former parents have been u¥ttd t() help
ensure that the high ytundards ot cducalion have becn mainlained despite the challenges the school has f&Led.

FRIENDS OF THE LONDON ORATORYSCHOOL
REPORT OF THE TRUSTEES (Continued)
FOR THE YEAR ENDED 31 MARCH 2024
The Parental Contribution Scheme enhances the qualiiy of the education of ihe 1,395 pupils at The London Oratory School,
including the benefits above and beyond what Is expected of & school in the state system, as evidenced by th¢ results of the
Septembcr 2022 Ofsted inspection which was outsiaftding in every category and by the rich c0-cu￿1cu1ar provision.
FINANCE REVIEW
Total income for the year was £498,547. Total expendilure w&s £574,744 which included grants to the school of
£457.560. '1'herefore, the charity had a net deficil of £76.197 henLe. with funds brought forward of £1.250.606 ended the
year with funds C￿rIed forward of £1,174,409.
STATUS OF THE CHARITY
Re.Yerves posilion andpolicy
Total reserves at 31 March 2024 were £1,174.409 {2023: £1.250,606). With the ¢x¢eption of £11,386 of restricted funds
included in the transfer of funds fram the foundation, all funds are unrestricted and the decrease retlects the excess of
grants payable in th¢ y¢ar ov¢r ner lunds raised in lh¢ y¢ar.
The Trust¢¢s ar¢ awar¢ ot the tough finanLial LirLum.stanc¢s fa¢¢d by the SLhool and th¢ S¢hool's et'lorts to save money.
Th¥ SLhool is working tu r#duLe the in-ycar budget gap. but al this the level of conlributiun rttquircd from FLOS 18
nol Ll¥¢W. The Tru5tves belivvc it is prudvnl lu h(Ild this l¢vel of res¢rvcs al the Lurrenl titne should thc funding ilimatc
delerioralc furthcr for thc School. 'I'hc charity nccds a vcry low lcvcl ofrctaincd rcscrvc and thc balanL¢ is uvailable lo
support thc School.
PIAn8 for the future
The Trustees do nut eXPeLI kLny signi ficant Lhanges tu DLLur in Ihtt ubjeLtivvs ur ULtivilies ()f the Ch4irity. How¢v¢r, th¢
School's linanccs &rc bLing closLly monitored lor improvcmcnl 10 asscss the nccd lor any fulurL contributiL)n5. If the
generdl funding <)utlook f()r %tate %Lho()15 suffiLiently improves in Loming yeur%, the Trustees may ci?nsider using ihc buili
up rcsLrvcs to lund capital building dcvclopmcnl projects al the SLhool in line with that recently LIL￿]ed out in 2013 -2016,
Ihc clcar bcncfils of which havc and will bc cnjoycd by many gLncratii)ns of pupi18 lo comc.
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The Trustees. wh() are als() the direLtury of F'riends vf The Londun l)ralury SLhuol f(?r the purp()%es ()f Lompany law, arc
rLsponsibl¢ for prcpari ng Ihc licport ol. the Trust¢CS and Ihc P inan¢i81 Stal¢mcnts in accordancc wilh &ppliLable law und
United Kingdi)m ALcountingF %tdndards (United KinBd()m Cienerdlly ALLepled ALLuunting PraitiLe).
Company law requires the Trustees t() prepare fin1￿￿1￿1 %iatements for euLh finanLial year which givc a iruc and lair vicw
of the stalc of affairs of the Ch&rity and ol. Ihc incoming resouries and application of resourLeS (If the Charity, including
the inL()me and expenditure, for that p¥riod. In prcparing th¢s¢ finanLial stalements, the Trustees are required i():
5clcct suilabl¢ accountin8 policics and Ihcn apply thcm consislenily;
obscrve the methods and principlcs in Ihc Charilics SORP:
make jud8cments and eslimale5 that r¢asonable and prudent.
stllte whether 8ppli¢abl¢ accounting blandards have been followed, subject to any mat¢ri&l d¢partur¢s dis¢los¢d
and explained in the financial stai¢m¢nis' and
prepare the finaftcial slat¢ments on the going concern basis unle5S it is inappropriate to pr¢$um¢ thai the Charily
will continue in bu5in¢ss.
The Trustee.$ are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time
the financial p051tion of th¢ Charity and to onabl¢ Ih¢m to ¢nsur¢ that (h¢ lin8ncial statcm¢nts comply with the Companies
Ath 2006. Th¢y ar¢ als0 responsibl¢ for safeguarding the assets of the Chari¢y and h¢nc¢ for taking reasonable steps for Ihe
pr¢v¢n¢ion and det¢￿10n of fraud and other irregulariti¢s.
In pr¢parin8 this ￿pOrt, the directors have taken advantage of th¢ Small ¢ompani¢s ¢xemptions provided by section 415A
of Ihe Companies Act 2006.
On behalf of the Council
Richard Ad
Date..
s (Tru%lLe)
17 ?029

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE
FRIENDS OF THE LONDON ORATORY SCHOOL
I report to the Trustees on my examination of the accounts of the Friends of the London Or&lory School for the year ended
31 March 2024 which are set out on pages 6 to 10.
Resptttive reJpon5ibilities of trustees and ex*miner
The twstees (who are also the directors of the company for the purposes of company law) are responsible for the preparation
of the accounts in accordance with the requirements ofthe Companics Act 2006 ("the 2006 Act ). The trustees are sdtisfied
that an audil is not required for this year under s¢¢tion 144(2) ot. ¢he Chariti¢y Act 2011 {Ihe 201 l Acl) and hav¢ chosen
instead to have an independent examination.
Having satisfied myself that the accounts of the charitable company are not required to be audited under Part 16 of the 2006
Act anil are eligible for independent examination, I report in respeLt of my examination ol'thc charitabl¢ Lompany's accounis
as Larried out unders¢¢tion 145 ot'th¢ 201 l A¢t. In carrying out my examination I have followed the appliLable Dir¢¢tions
given by the Churity Lommission under S¢Ciion 145(JXb) of thc 2011 Act.
Independent examlner's statement
SinLe the Lharity's income is in exccss of £250.000. your ¢XaTninvr be a memb¢r ol. a body listed in the 2U I l Act. I
an conlirm th￿ l ¢im quulified to undertake the examination becausc l am a r¥gi51¢red m¢mb¢r ot ¢h¢ Inslitul¢ of Chartered
A¢counlanls in Cngland and Wules which is one ofthc lislLd bodies.
have Lompleled my exam inaiion, l Confim lh& no matters have cume to my attention giving me Lau&e tu beli¢v¢ Ihai in
any malcrial rcspeLt'.
accounting records were not kept in respccl of Ihc Company as r¥4uir¥d by section 386 of thc 2006 Act. or
2. the accounts do n()t accord with thosc rccords. or
3. Ihc accounts du nul Lumply with the ￿LL{)UntIng requircmcnts of section 396 1)f the 2006 Acl oiher than any
rcquiremenl that thv acLuunls gyiv¢ a 'true and lair view, which is not a matter Lunyidered as parl ol'an independent
ex&mination' or
4. thc accounts havc nol bccn prcpar¢d in ULLurdanLe with thc mcthods and principles ot the Sialcmenl of
Rccommcnded Praclicc for acLuuntin¥ and rep()rting by Lharities applicable t() Lhdritie.4 prep&ring their acLuunts
in acLordance with the Financial Reporting Standard appliLable in the IJK and Rcpublic of Ireldnd (fRS 102).
I have no ci)ncerns and have come across no oihcr matters in connection with thc cx8minalion lo whiLh atl¢ntion should
be drawn in this rcport in order to cnablc 8 proper underslanding of the aLLounls to bc reaL'hed.
Trlcey Young ACA
Haysm#¢ LLP
Chartered Aeeountint$
10 Queen Street Place
London
EC4R IAG
D*¢¢:

FRIENDS OF THE LONDON ORATORY SCHOOL
STATEMENT OF FINANCIAL ACTIVITIES {ineluding an income and expenditure account)
FOR THE YEAR ENDED 31 MARCH 2024
Unrtstriettd Restrieted
2024
2024
Total
2024
Unrestricted
2023
Notes
INCOME FROM:
Don￿lon$
Parental Contributions
Gift Aid reLlaimable
- Donation from The London Ornlory Foundation
Inv¢stm¢nlS
262.807
77.321
125,079
262,807
77,321
136,465
253,508
61,328
11.386
Tol&l
487,161
11,386
498.547
318.682
EXPENDITURE ON:
Raising flunds
49.753
49,753
73.209
Charilable acliviry
L7rants made lo thc London Oratory School
Supp()rt Costs of granl-mJking
457.560
457.560
431
414,833
Total
574 744
NET (DEFICIT) FOR THE YEAR
(117.5113)
11,386
(76.197)
(246.316)
RECONCILIATION OF FUNDS:
Total lunds broughi forward
2511611
125060
Total fund9 carried forward
£1,163.023 £11.386
£1,174.409 £1,250,606
No summary income and exp¢nditur¢ account h&8 been preparcd bccausc this infomiation is given in th¢ above $tstem¢nt,
All r¢¢ognis¢d gains and losses in the ¢urr¢ni 8nd prior year are included in the Stalcment of Financia] Activili¢s. All amounts
relate to ¢ontinuing a¢tiviti¢s
The notes numbered I to 9 forni part of these financial statements.

Registered Company Number: 03983543
FRIENDS OF THE LONDON ORATORY SCHOOL
BALANCE SHEET
AS AT 31 MARCH 2024
2024
2023
Notes
CURRENT ASSETS
Debtor5
Cash at bank
697,388
619110
62,028
1.316,391
1,366,267
CREDITORS: Amounts f&llin8 due within one year
1419112
NET ASSETS
£1 174409
£1250606
FUNDS
UnrestriLrt¥d funds
RestriLted Funds
£1.163.023
£11,386
£1,250.606
'I'o¢al
£1.174.409
£1.250.606
Thv n()tes numbered 110 9 from part ol'these linanLiuI statttments.
The Truste¢s consider that IhL charitable Lompany is cntitled to cxemplion fr()m th¢ r¢quircmcnl to have an audit undcr the
provisions ol'scction 477 uf the Companie% ALt 20Q6 ("thc Act") and ihe members have nol rcquired the Lharilabl¢ Company
to obtain an audit tor th¥ y¢ar in question in aLiordar¢cc with scction 476 of the A¢1.
1kne Iruslees acknowledge their resp()n.8ibilities for:
¢ntpuring that the charitabl¢ company kceps accounting records which ¢omply with s¢Ltion 386 of the Act; and
2. preparing financial stat¢m¢nls which give a tru¢ and fair view of the slate of affairs of the ch&ritable ¢ompany as at 31
March 2024 and of 115 {deficit) for the year then ¢ndcd in acLordanLe with scctions 394 and 395 (Trfthe Act. and
whiLh oih¢rwise Lomply with the requirements of the Act relating to th¢ financial stal¢ments so far &$ applicable to
the chariluble Lompany.
These financial sl&lcments have been prepared in Mc¢ordan¢¢ with the provisions applicable lo company's subject to the
small companies, re8ime.
The financial Statements w¢rc approved by th¢ trustees and authorised for issue on
behalf by
2024 and signed on their
Richard Adams (Trus¢¢¢)

FRIENDS OF THE LONDON ORATORY SCHOOL
IYOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES
The finanLi&I statements have been prepared in accordan¥e with the financial Reporting Standard applicable in the
UK and Rcpublic of Ircland {F'RS 102) and the Statement of ReLomm¢nded Practice applicable to charilies
p￿paring their accounts in accord8ncc with the Financial Reporting Standard applicable in the UK and Republic of
Ireland (The fRS 102 Churilies SURP- second edition), the Companie5 Act 2006 and the Charities Act 2011, and
Regulations made thereunder. 'I'he Charity is a Public Benefit Enlily as defined by FRS102
In the view of the trustees, in applying the accounting policies adopted no jud8¢m¢nts were required that have a
signilicant cftccl on tho amounts r¢cogniscd in th¢ financial statements nor do any estimates or assumptions made
arry a signilican¢ risk of mal¢rir¢l adjuslTncnl in Ihc n¢xt tinancial yoar. I'he charity h&$ only simple financial
in5trum¢nls such as ¢ash. debtors and cr¢ditors.
Going Concern
'I'hc'l'rusteesconsidcrthat Ihcrcarcno material uncertaintieswhich would c&stdoubion Ihechariiy % abiliiy Iv LVIIIiiiiiL
&8 EA going concern. The ￿Lount5 hfAVe b¥en prepF4red on FA going conccrn basis which is appropriate in the opinion
of the Trustees given the level uf nets assely held l￿d the di¥Lretionary natur¢ ol'a lar8C Portion ol'ihc expenditure.
Company Status
The Lharily its a Lompany limited by guaranitte, inLi>rporated in F.ngland. 'I'h¢ m¢mbers of th¢ ¢ompany ar¢ the
trustee.s. In the event of the Lharity being wound up, the liability in r¢spccl of the guarantett 1% limited lo £1 per
m¢mb¢r. 'fh¢ r¢gistraiion number anij r¢¥ist¢r¢d offi¢¢ addr¢￿ are Shown ()n page l.
Ineome
Incom¢ ¢ompris¢s par¢ntal donaiions and r¢lai¢d Gift Aid i&x re¢laimabl¢, and inv¢.slmcnl income. All incomc is
credited lo the St¢item¥nt uf FinanLial ALlivitie5 when the charity is legally ¢nliil¢d Iv the iniomc. r¢L¢ipt is probable
and thc amount can bL quoniificd wilh rcasonable accuracy.
Expenditure
F.xpendilurcs recognised in the period in which it is incurrcd and is classi fied under heuding8 thut dggr¥gate ¢osls
detYAiled below..
Expenditure on rAising funds
Costs ofraising funds rclatc lo Ihc cosls IncU￿ed by the Lharity with respect to fundr8i5ing eflorts. 'I'hcy includc
dir¢¢t ¢v¥ts, ifany, and an allocaiion ol. support i()sts und¢rt#ken on a lime allncation basis.
Expendlture on chvdrit4ble activity
Charitable cxpcndilurc rclatcs to grani payments to The London Oratory Schoi)I, oth¢r direct c()5ts of. providing
rin&nLial supp()rt for The London Qratury Schvol and an alloo&tion ol-support costs und¥rtak¢n ()n a time iilli)Lation
basis. Gr8nl ¢xpenditure is recognis¢d when 'l'h¢ l.ondon Or8tory School n()tifies the chtirily of a conlribulion
rcquiromortt and th¢ value of that Contribution ￿quirement is communicated lo The London Oralory School
following its approval by the Council.
Support governan¢¢ expenditure
Support cosls oxp¢nditur¢ r¢lal¢s to thos¢ indir￿t costs which ar¢ nec¢ssary for the delivery of the charity'5
objectiv¢s and include itetlls SULh a5 finanG¢. administr81ion, ov¢rh¢ads gov¢man¢c costs. The lalter comprises
osls of complianc¢ with constitutional and statutory requirements including exlcrnal scrutiny.
Ass¢¢s and liabilities
D¢btors and crcdilors are recognised on the balance sheet at transaction value and there are no items requiring
5ubsequcnl re-measurement at fair value. Outstanding debtor5 are reviewed at the balance sheet dgle and the cost of
the impairnient of debtors, if any. is dealt with through expenditure.
Cash compris¢s r¢adily available amounts held in UK bank accounts.

FRIENDS OF THE LONDON ORATORY SCHOOL
NOTES TO THE ACCOUNTS (contlnued)
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES(contlnued)
Funds
The funds ofthe charity represent monies received not yel expended. Unrestricted can be expended at the trnstees,
disGretion within the charitable purposes of the charitable company. RestriLtcd funds must bc spent in aeeordance
with th¢ donors instru¢tions.
DONATIONS
2024
2023
Parental contributions
Gi tt aid tax reclaimable
Donation from The London Oratory Foundation
262.807
77.321
136,465
253.508
61.328
INVESTMENT INCOME
2023
2022
Baiik deposit iiiteirst
£21,954
£3,1146
ANALYSIS OF TOTAL EXPENDITURE
Support
Costs (note S)
Totgl
2024
2024
GrAllts
osls of rai%in¥ vi)luntary income
Charitable a¢livity- finan¢ial support
for Th¢ Londun Ordtury School
49.753
49.753
524991
2023
Support
Costs (note S)
Total
2023
GrAnts
C'osts of raising voluntary income
Churitable activity - financial support
ror The l.ondon Oratory School
73.209
73,209
£414,833
£150.165
£564,998
Support costs includes governance costs r¢lating to th¢ Ind¢p¢nd¢nt Examination of the accounts being £3,300 plus
VAT in respect of the Independent Examiner'5 fee in respect of h¢r r¢port (2023: £3.100 plus VAD.

FRIEIYDS OF THE LONDON ORATORY SCHOOL
NOTES TO THE ACCOUNTS (Continued)
FOR THE YEAR ENDED 31 MARCH2024
ANALYSIS OF SUPPORT COSTS
2024
Finance
Admin
Overhead
2024
Raising Funds
Charitable activity
5,623
9,561
34.569
49.753
2023
Flnanee
Admin
Overhead
2023
Raising Funds
Charitable activity
5.075
8,605
59.529
73.209
49
£15,225
£25,1114 £1119.126
£150.165
Rcchargcd cmploymcnl costs of £44.130 (2023: £39,714) are includcd within finunce and adrninistration cosls and
havc bcLn ￿lIOLElled un the bdSiS Dfestimuled lime spent by thc rclcvanl slaty. Exlemal aLcounting costs and overheud
co.si.s hav¢ been allo¢at¢d similarly.
RELATED PARTY TRANSACTIONS
'I'hc 'l'ruslccs nciihcr rccLivcd nor waived any remuneraiion during lh¢ y¢ar {2023'. £nil). N() expenses were
reimbur¥¢d Iii any Tru%tec n()r paid out on any 'l'ruslcc's bihal I. (21123.. £nil). Twi> Irusi¢¢s s¢]vin8 in Ihe year. Paul
Harrington and Dan Wright wcre also Governors ol'the School, with Dan Wright boing ¢mploycd as H¢admastcr
()f the SLh()ol. Fr Georgc Bowcn is a mcmbcr of thL Futh¥rs of the London Orlltory in whom the freehuld interest in
Ihc SLhool ¢stat¢ is ultimately vested. Charlv> Doyle who is an cmployee of the %Lhuol its Dircclor ol. Fin¢inL¢
and Operation%. N()ne of the afi)r¢menlii)ned Trusiecs and stall. have pers()nally benefitted Irom any Funds rai%ed
nd Lonlribut¢d t() the SLh()()I by the Charity. Alicc Kobinson. who is employee of tho school. was respunsible
for the manugement ()f the C'harity and anothcr cmploycc ol'the SLhi)ol provided bi)i)kkecping ￿rVices. Part ()f their
cmploymcnl cosls wa5 rc¥harged to the Lharity a5 set ()ut in noie 5. Ai 31 MarLh 2U24 aLLfudl8 iniludcd £16,582
due Ic) the %chool (21123 £15,262) for clcrical costs. During the year the London Oralory School rL'L'eived iniercsi-
frce loans Irom th¢ Churity, the balanLe of which at 31. March 2024 was £6X5,143. These loans arc rcpayable on
demand, but may bc conver1L￿ to 8rants if the Trustees of the Friends of Ihc London Oral()ry School dccm it
approprialc.
DEBTORS
2024
2023
Loan to London Oratory School
Prcpaymcnts and accrucd income
685,143
12,245
62.028
CREDITORS: Amounts fAlling due within oneyear
2024
2023
Accruals
Grants payable lo The London Oratory School
21,982
120 000
20.661
RESTRICTED FUNDS
2024
2023
Restricted Funds- income in year and closing balance held in cash
£11,386
Restricl¢d funds ar¢ to be used for improvements works at London Orntory School'5 Junior House playground.
10