2022-08-31-accounts - The Loyola Preparatory School

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			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 of	financial activities		22

Bancrofts	7 places
Brentwood	8 places	plus	1 Academic	Scholarship
Bishop Stortford College	4places	plus	1 Academic	Scholarship
Caldicott	1 place
Chigwell City ofLondon for Boys	11places 1 place	plus 2 Academic		Scholarships
Eton	1 through	to round 2

			31stAugust 2022
				2022	2021
				Unrestricted	Total
				funds	funds
			Notes
Fixed assets
Tangible	assets			2,215,076	2,239,549
Current	assets
Debtors			10	58,379	39,286
Cash at bank		and in hand		868,535	795,967
				926,914	835,253
Creditors
Amounts	falling due within one year			(360,512)	(317,026)
Net current		assets		566,402	518,227
Total assets		less current liabilities		2,781,478	2,757,776
Creditors
Amounts	falling due after more than one
year			12	(178,357)	(201,744)
NET ASSETS				2,603,121	2,556,032
Funds			14
Unrestricted		funds		2,603,121	2 556 032
Total funds				2,603,121	2,556,032

	T	he Loyola Preparatory School	Trust
		Statement of Cash Flows
		for the Year Ended 31stAugust	2022
			2022	2021
		Notes
Cash flows from operating	activities
Cash generated from operations		1	182,003	129,043
Interest paid			~10,044	~13,085
Net cash provided by operating activities			171,959	115,958
Cash flows from investing	activities
Purchase oftangible fixed assets			(77,936)	(126,056)
Interest received			31	32
Net cash used in investing	activities		(77,905)	(126,024)
Cash flows from financing	activities
Loan repayments in year			~(21,486	(18,714)
Net cash used in flnancing	activities		(21,486)	~18,714)
Change in cash and cash	equivalents
in the reporting period			72,568	(28,780)
Cash and cash equivalents	at the
beginning ofthe reporting	period		795,967	824,747
Cash and cash equivalents	at the	end
ofthe reporting period			868,535	795,967

	fo	fo	fo	fo	fo	r the Year Ended 31stAugust 20	22
	Reconcfliation ofnet income					to net cash flow from operating	activities
								2022	2021
	Net income	for the	reporting			period (as per the Statement of
	financial activities)							47,089	49,238
	Adjustments	for:
	Depreciation	charges						102,409	98,015
	Interest received							(31)	(32)
	Interest paid							10,044	13,085
	(Increase)/decrease		in debtors					(19,093)	6,682
	Increase/(decrease)		in creditors					41,585	~37,945
	Net cash provided		by	operations				182,003	129,043
2.	Analysis of	changes in net funds
						At 1/9/21		Cash flow	At 31/8/22
	Net cash
	Cash at bank	and in	hand			795,967		72,568	868,535
						795,967		72,568	868,535
	Debt
	Debts falling	due within			1 year	(21,340)		(1,901)	(23,241)
	Debts falling	due after		1	year	~201,744		23,387	~178,357
						~223,084		21,486	~201,598
	Total					572,883		94,054	~666 937

2.	Other trading	activities
				2022	2021
	Fees receivable			1,844,077	1,876,695
	Grant income			2 333
	Commissions receivable			6,102
	Homework classes & clubs			11,019	4,800
	Non-refundable	entrance fees		11,050	11,275
	Other income			4,704	10,080
	Before &after	school club		40,868
	Holiday club			24,115
				1,944,268	1,902,850
3.	Investment income
				2022	2021
	Charities Trust	Fund		1,021	44
	Deposit account interest			31	32
				1,052	76
4.	Charitable activities costs
				Support
			Direct	costs (see
			Costs	note 5)	Totals
	School		1,907,526	10,044	1,917,570

				2022	2021
Wages and	salaries			1,163,431	1,097,425
Social security costs				97,074	92,663
Other pension costs				155,769	161,459
				1,416,274	1,351,547
The average	monthly	number ofemployees	during the year was as follows:
				2022	2021
				FTE	FTE
Teaching				15.45	16.13
Classroom	assistants	and welfare		9.56	10.61
Administration				2.62	2.63
Premises				3.29	3.29
Catering				3.93	3.93
				34.85	36.59

Comparativ	es	for the sta	tement offinancial activities
				Unrestricted
				funds
Income and		endowments	from
Other trading		activities		1,902,850
Investment	income			76
Other income				27,943
Total				1,930,869
Expenditure		on
Charitable	activities
School				1,881,631

		for the Year Ended 31stAugust 2022
10,	Debtors: amounts	falling due within one year
			2022	2021
	Trade debtors		13,130	13,646
	Prepayments		45,249	25,640
			58,379	39,286
11.	Creditors: amounts	falling due within one year
			2022	2021
	Bank loans and overdraits (see note 13)		23,241	21,340
	Trade creditors		216,349	212,555
	Other creditors		120,922	83,131
			360,512	317,026
12.	Creditors: amounts	falling due after more than one year
			2022	2021
	Bank loans (see note 13)		178,357	201,744
13.	Loans
	An analysis ofthe maturity ofloans is given below:
			2022	2021
				K
	Amounts falling due within one year on demand:
	Bank loans		23,241	21,340
	Amounts falling between one and two years:
	Bank loans - 1-2years		22,448	22,369
	Amounts falling dne	between two snd five years:
	Bank loans - 2-5 years		77,350	73,791
	Amounts falling due	in more than five years:
	Repayable by instalments:
	Bank loans more 5 yr by instal		78,559	105,584

			The Loyola Preparatory School Trust
			Detailed Statement ofFinancial Activities
			for the Year Ended 31stAugust 2022
				2022	2021
Income and endowments
Other trading		activities
Fees receivable				1,844,077	1,876,695
Grant income				2,333
Commissions	receivable			6,102
Homework classes &clubs				11,019	4,800
Non-refundable		entrance fees		11,050	11,275
Other income				4,704	10,080
Before &after	school club			40,868
Holiday club				24,115
				1,944,268	1,902,850
Investment income
Charities Trust		Fund		1,021	44
Deposit account interest				31	32
				1,052	76
Other income
Other income				19,339	27,943
Total incoming		resources		1,964,659	1,930,869
Expenditure
Charitable activities
Teaching costs				1,180,601	1,191,184
Administration		costs		286,210	278,785
Premises costs				440,715	398,577
				1,907,526	1,868,546
Support costs
Other
Bank interest				10,044	13,085
Total resources		expended		1,917,570	1,881,631
Net income				47,089	49,238