|||Page|| |---|---|---|---| |Report ofthe Trustees|1|to|6| |Report ofthe Independent
Auditors|7|to|10| |Statement ofFinancial Activities|||| |Statement ofFinancial Position||12|| |Statement ofCash Flows||13|| |Notes to the Statement ofCash Flows||14|| |Notes to the Financial Statements|15|to|21| |Detailed Statement ofFinancial Activities||22|| ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Bancroits||||7places||||| |---|---|---|---|---|---|---|---|---| |Brentwood||||5places||||| |Bishop Stortford College||||2 places||||| |Chigwell||||8places||||| |City ofLondon for Boys||||1 place||||| |Felsted||||2 places||||| |Forest||||4 places plus|1 Academic & Sports|Scholarship||| |New Hall||||1 place||||| |Nonnanhurst||||3places plus|1 Sports Scholarship|||| |St Edmund's|College|||11places plus|2 Scholarships|||| |44 places offered, 4 scholarships||||offered.||||| |7boys sat for grammar||schools||and the boys received many offers from schools including:|||St Olave's,|Ilford| |County High,|King Edward's,||Queen Elizabeth's,||Colchester Grammar|and Latymer.||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||2021|2020| |---|---|---|---|---|---| |||||Unrestricted|Total| |||||funds|funds| ||||Notes||| |INCOME AND ENDOWMENTS||FROM|||| |Other trading activities||||1,902,850|1,840,210| |Investment
income||||76|1,546| |Other income||||27,943|76,985| |Total||||1,930,869|1,918,741| |EXPENDITURE ON|||||| |Charitable
activities|||||| |School||||1,881,631|1,862,737| |NET INCOME||||49,238|56,004| |RECONCILIATION|OF FUNDS||||| |Total funds brought forward||||2,506,794|2,450,790| |TOTAL FUNDS CARRIED FORWARD||||2,556,032|2,506,794| ## |The|Loyola Preparatory
School Trust||| |---|---|---|---| ||Statement ofFinancial Position||| ||31stAugust 2021||| |||2021|2020| |||Unrestricted|Total| |||funds|funds| ||Notes||| |FIXEDASSETS|||| |Tangible assets||2,239,549|2,211,508| |CURRENT ASSETS|||| |Debtors|10|39,286|45,968| |Cash at bank and in hand||795,967|824,747| |||835,253|870,715| |CREDITORS|||| |Amounts
falling due within one year|11|(317,026)|(350,117)| |NET CURRENT ASSETS||518,227|520,598| |t|||| |TOTAL ASSETSLESSCURRENT|||| |LIABILITIES||2,757,776|2,732,106| |CREDITORS|||| |Amounts
falling due after more than one|||| |year|12|(201,744)|(225,312)| |NET ASSETS||2,556,032|2,506,794| |FUNDS|14||| |Unrestricted
funds||2,556,032|2,506,794| |TOTAL FUNDS||2,556,032|2,506,794| ## ||||||||Statement ofCash Flows||| |---|---|---|---|---|---|---|---|---|---| ||||||for|the Year Ended 31stAugust 2021|||| |||||||||2021|2020| |||||||Notes|||| |Cash flows from|operating||activities||||||| |Cash generated
from operations||||||||129,043|218,199| |Interest paid||||||||(13,085)|(2,893)| |Net cash provided|by operating|||activities||||115,958|215,306| |Cash flows from|investing||activities||||||| |Purchase oftangible fixed||assets||||||(126,056)|(17,863)| |Interest received||||||||32|50| |Net cash used in|investing|activities||||||(126,024)|(17,813)| |Cash flows from|financing||activities||||||| |New loans in year|||||||||250,000| |Loan repayments|in year|||||||(18,714)|(8,202)| |Net cash (used in)/provided|||by|financing|||activities|(18,714)|241,798| |Change in cash and cash||equivalents|||||||| |in the reporting|period|||||||(28,780)|439,291| |Cash and cash equivalents|||at|the|||||| |beginning
ofthe|reporting||period|||||824,747|385,456| |Cash and cash equivalents|||at|the|end||||| |ofthe reporting|period|||||||795,967|824,747| ## ## |||||2021|2020| |---|---|---|---|---|---| |Net income|for the|reporting|period (as per the Statement of||| |Financial Activities)||||49,238|56,004| |Adjustments|for:||||| |Depreciation|charges|||98,015|96,636| |Interest received||||(32)|(50)| |Interest paid||||13,085|2,893| |Decrease in|debtors|||6,682|13,283| |(Decrease)/increase||in creditors||(37,945)|49,433| |Net cash provided||by operations||129,043|218,199| |ANALYSIS|OF CHANGES IN NET FUNDS||||| |||At 1/9/20|Cash flow|At 31/8/21| |---|---|---|---|---| |Net cash||||| |Cash at bank and in hand||824,747|(28,780)|795,967| |||824,747|(28,780)|795,967| |Debt||||| |Debts falling due within|1 year|(16,486)|(4,854)|(21,340)| |Debts falling due after 1|year|(225,312)|23,568|(201,744)| |||(241,798)|18,714|(223,084)| |Total||582,949|(10,066)|572,883| ## ## ## ## |Freehold|property|Straight line over 50years| |---|---|---| |Fixtures|and fittings|Over 10years| |Motor vehicles||25% on reducing balance| |Computer|equipment|Over 4 years| ## ## ## ## ## ||||||2021|2020| |---|---|---|---|---|---|---| ||Fees receivable||||1,876,695|1,765,155| ||Grant income|||||236| ||Commissions|receivable||||572| ||Homework
classes &clubs||||4,800|7,362| ||Non-refundable||entrance fees||11,275|11,600| ||Other income||||10,080|11,358| ||Before &after|school club||||30,276| ||Holiday club|||||13,651| ||||||1,902,850|1,840,210| |3.|INVESTMENT||INCOME|||| ||||||2021|2020| ||Charities Trust Fund||||44|1,496| ||Deposit account||interest||32|50| ||||||76|1,546| |4.|CHARITABLE||ACTIVITIES COSTS|||| ||||||Support|| |||||Direct|costs (see|| |||||Costs|note 5)|Totals| ||School|||1,868,546|13,085|1,881,631| |5.|SUPPORT COSTS|||||| |||||||Other| ||School|||||13,085| ## ## ## ## ||||||2021|2020| |---|---|---|---|---|---|---| |Wages and||salaries|||1,097,425|1,086,833| |Social security costs|||||92,663|90,767| |Other pension costs|||||161,459|151,891| ||||||1,351,547|1,329,491| |The average||monthly|number ofemployees|during the year was as follows:||| ||||||2021|2020| ||||||FTE|FTE| |Teaching|||||16.13|16.56| |Classroom|assistants||and welfare||10.61|10.42| |Administration|||||2.63|2.63| |Premises|||||3.29|3.29| |Catering|||||3.93|3 93| ||||||36.59|36.83| ||One employee received emoluments|in excess of f70,000 but below| |---|---|---| ||f80,000.|| |8.|COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES|| |COMPAR|ATIVES FORTHE STATEMENT OF FINANCIAL|ACTIVITIES| |---|---|---| |||Unrestricte| |||funds| |INCOME|AND ENDOWMENTS FROM|| |Other trading activities||1,840,210| |Investment|income|1,546| |Other income||76,985| |Total||1,918,741| |EXPENDITURE ON||| |Charitable|activities|| |Scliool||1,862,737| ## ## ||Notes to the Financial Statements - continued
for the Year Ended 31stAugust 2021|Notes to the Financial Statements - continued
for the Year Ended 31stAugust 2021| |---|---|---| |COMPARATIVKS|FOR THE STATEMENT OF FINANCIAL ACTIVITIES —continued|| |||Unrestricte| |||fundsI| |NET INCOME||56,004| |RECONCILIATION|OF FUNDS|| |Total funds brought|forward|2,450,790| |TOTAL FUNDS CARRIED||| |FORWARD||2,506,794| ## |TANGIBLE FIXEDASS|ETS||||| |---|---|---|---|---|---| |||Fixtures|||| ||Freehold|and|Motor|Computer|| ||property|fittings|vehicles|equipment|Totals| |COST|||||| |At 1st September 2020|2,794,875|348,627|41,702|72,271|3,257,475| |Additions|65,020|47,291||13,745|126,056| |At 31stAugust 2021|2,859,895|395,918|41,702|86,016|3,383,531| |DEPRECIATION|||||| |At 1st September 2020|808,924|139,887|25,559|71,597|1,045,967| |Charge for year|57,198|35,445|4,036|1,336|98,015| |At 31stAugust 2021|866,122|175,332|29,595|72,933|1,143,982| |NKT BOOK VALUE|||||| |At 31stAugust 2021|1,993,773|220,586|12,107|13,083|2,239,549| |At 31stAugust 2020|1,985,951|208,740|16,143|674|2,211,508| ## |10.|DEBTORS:AMOUNTS|FALLING DUE WITHIN ONE YEAR||| |---|---|---|---|---| ||||2021|2020| ||Trade debtors||13,646|15,217| ||Prepayments||25,640|30,751| ||||39,286|45,968| |11.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|||| ||||2021|2020| ||Bank loans and overdrafts|(see note 13)|21,340|16,486| ||Trade creditors||212,555|179,446| ||Other creditors||83,131|154,185| ||||317,026|350,117| |12.|CREDITORS: AMOUNTS PALLING DUE AFTER MORE THAN||ONE YEAR|| ||||2021|2020| ||Bank loans (see note 13)||201,744|225,312| |13.|LOANS|||| ||An analysis ofthe maturity|ofloans is given below:||| ||||2021|2020| ||Amounts
falling due within|one year on demand:||| ||Bank loans||21,340|16,486| ||Amounts
falling between one and two years:|||| ||Bank loans - 1-2years||22,369|16,486| ||Amounts
falling due between two and five years:|||| ||Bank loans - 2-5 years||73,791|49,459| ||Amounts
falling due in more than five years:|||| ||Repayable by instahnents:|||| ||Bank loans more 5 yr by instal||105,584|159,367| ## ## |MOVE|MEN|T IN FUNDS|||||||| |---|---|---|---|---|---|---|---|---|---| |||||||||Net|| |||||||||movement|At| ||||||||At 1/9/20|in funds|31/8/21| |Unrestricted||funds|||||||| |General|fund||||||2,506,794|49,238|2,556,032| |TOTAL|FUNDS||||||2,506,794|49,238|2,556,032| |Net movement||in funds, included|||in the above|are as|follows:||| ||||||||Incoming|Resources|Movement| ||||||||resources|expended|in funds| |Unrestricted||funds|||||||| |General|fund||||||1,930,869|(1,881,631)|49,238| |TOTAL|FUNDS||||||1,930,869|(1,881,631)|49,238| |Comparatives||for movement||in|funds||||| |||||||||Net|| |||||||||movement|At| ||||||||At 1/9/19|in funds|31/8/20| |||||||||g|| |Unrestricted||funds|||||||| |General|fund||||||2,450,790|56,004|2,506,794| |TOTAL|FUNDS||||||2,450,790|56,004|2,506,794| |Comparative||net movement|in|funds, included||in the above are as follows:|||| ||||||||Incoming|Resources|Movement| ||||||||resources|expended|in funds| |Unrestricted||funds|||||||| |General|fund||||||1,918,741|(1,862,737)|56,004| |TOTAL|FUNDS||||||1,918,741|(1,862,737)|56,004| ## ## ## ||||Net|| |---|---|---|---|---| ||||movement|At| |||At 1/9/19|in funds|31/8/21| |Unrestricted|funds|||| |General fund||2,450,790|105,242|2,556,032| |TOTALFUNDS||2,450,790|105,242|2,556,032| ||||Incoming|Resources|Movement| |---|---|---|---|---|---| ||||resources|expended|in funds| |Unrestricted||funds|||| |General|fund||3,849,610|(3,744,368)|105,242| |TOTAL|FUNDS||3,849,610|(3,744,368)|105,242| ## ## ||The Loyola Preparatory
School Trust||| |---|---|---|---| ||Detailed Statement ofFinancial Activities||| ||for the Year Ended 31stAugust 2021||| |||2021|2020| |INCOME AND ENDOWMENTS|||| |Other trading|activities||| |Fees receivable||1,876,695|1,765,155| |Grant income|||236| |Commissions
receivable|||572| |Homework
classes &clubs||4,800|7,362| |Non-refundable|entrance fees|11,275|11,600| |Other income||10,080|11,358| |Before &after|school club||30,276| |Holiday club|||13,651| |||1,902,850|1,840,210| |Investment
income|||| |Charities Trust|Fund|44|1,496| |Deposit account interest||32|50| |||76|1,546| |Other income|||| |Other income||27,943|76,985| |Total incoming|resources|1,930,869|1,918,741| |EXPENDITURE|||| |Charitable
activities|||| |Teaching costs||1,191,184|1,157,413| |Administration|costs|278,785|285,483| |Premises costs||398,577|416,948| |||1,868,546|1,859,844| |Support costs|||| |Other|||| |Bank interest||13,085|2,893| |Total resources|expended|1 881 631|1 862 737| |Net income||49,238|56,004|