||||Page||
|---|---|---|---|---|
|Report ofthe trustees||1|to|6|
|Report ofthe independent<br>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||





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|Subject|Loyola: %ofpupils|Nationally:<br>%ofpupils|
|---|---|---|
||achieving<br>the expected|achieving<br>the expected|
||standard|standard|
|En lish Readin|95%|74%|
|SPAG|95%|72%|
|Maths|100%|71%|



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





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|||||2022|2021|
|---|---|---|---|---|---|
|||||Unrestricted|Total|
|||||funds|funds|
||||Notes|g||
|Income and endowments||from||||
|Other trading<br>activities||||1,944,268|1,902,850|
|Investment|income|||1,052|76|
|Other income||||19,339|27,943|
|Total||||1,964,659|1,930,869|
|Expenditure|on|||||
|Charitable|activities|||||
|School||||1,917,570|1,881,631|
|NET INCOME||||47,089|49,238|
|Reconciliation<br>offunds||||||
|Total funds|brought forward|||2,556,032|2,506,794|
|Total funds|carried forward|||2,603,121|2,556,032|





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||||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|





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||T|he Loyola Preparatory<br>School|Trust||
|---|---|---|---|---|
|||Statement of Cash Flows|||
|||for the Year Ended 31stAugust|2022||
||||2022|2021|
|||Notes|||
|Cash flows from operating|activities||||
|Cash generated<br>from operations||1|182,003|129,043|
|Interest paid|||~10,044|~13,085|
|Net cash provided by operating<br>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<br>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<br>period|||72,568|(28,780)|
|Cash and cash equivalents|at the||||
|beginning<br>ofthe reporting|period||795,967|824,747|
|Cash and cash equivalents|at the|end|||
|ofthe reporting<br>period|||868,535|795,967|





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||fo|fo|fo|fo|fo|r the Year Ended 31stAugust 20|22|||
|---|---|---|---|---|---|---|---|---|---|
||Reconcfliation<br>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|





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|2.|Other trading|activities||||
|---|---|---|---|---|---|
|||||2022|2021|
||Fees receivable|||1,844,077|1,876,695|
||Grant income|||2 333||
||Commissions<br>receivable|||6,102||
||Homework<br>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<br>income|||||
|||||2022|2021|
||Charities Trust|Fund||1,021|44|
||Deposit account interest|||31|32|
|||||1,052|76|
|4.|Charitable<br>activities costs|||||
|||||Support||
||||Direct|costs (see||
||||Costs|note 5)|Totals|
||School||1,907,526|10,044|1,917,570|





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|||||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|



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|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|





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|NET INCOME||49,238|
|---|---|---|
|ReconcBiatton offunds|||
|Total funds brought|forward|2,506,794|
|Total funds carried|forward|2,556,032|



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|Tangible fixed assets||||||
|---|---|---|---|---|---|
|||Fixtures||||
||Freehold|and|Motor|Computer||
||property|fittings|vehicles|equipment|Totals|
|Cost||||||
|At 1st September 2021|2,859,895|395,918|41,702|86,016|3,383,531|
|Additions|39,140|25,662||13,134|77,936|
|At 31stAugust 2022|2,899,035|421,580|41,702|99,150|3,461,467|
|Depreciation||||||
|At 1st September 2021|866,122|175,332|29,595|72,933|1,143,982|
|Charge for year|57,981|36,245|3,242|4,941|102,409|
|At 31stAugust 2022|924,103|211,577|32,837|77,874|1,246,391|
|Net book value||||||
|At 31stAugust 2022|1,974,932|210,003|8,865|21,276|2,215,076|
|At 31stAugust 2021|1,993,773|220,586|12,107|13,083|2,239,549|





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|||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<br>(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<br>falling due within one year on demand:||||
||Bank loans||23,241|21,340|
||Amounts<br>falling between one and two years:||||
||Bank loans - 1-2years||22,448|22,369|
||Amounts<br>falling dne|between two snd five years:|||
||Bank loans - 2-5 years||77,350|73,791|
||Amounts<br>falling due|in more than five years:|||
||Repayable by instalments:||||
||Bank loans more 5 yr by instal||78,559|105,584|





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|Movement<br>i|n funds||||
|---|---|---|---|---|
||||Net||
||||movement|At|
|||At 1/9/21|in funds|31/8/22|
|Unrestricted|funds||||
|General fund||2,556,032|47,089|2,603,121|
|TOTAL FUNDS||2,556,032|47,089|2,603,121|



|||||||Incoming|Resources|Movement|
|---|---|---|---|---|---|---|---|---|
|||||||resources|expended|in funds|
|Unrestricted||funds|||||||
|General|fund|||||1,964,659|(1,917,570)|47,089|
|TOTAL|FUNDS|||||1,964659|)1,9)7,570)|47,089|
|Comparatives||for|movement|in|funds||||
||||||||Net||
||||||||movement|At|
|||||||At 1/9/20|in funds|31/8/21|
|||||||||g|
|Unrestricted||funds|||||||
|General|fund|||||2,506,794|49,238|2,556,032|
|TOTAL|FUNDS|||||2,506,794|49,238|2,556,032|



|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
|Unrestricted|funds||||
|General fund||1,930,869|(1,881,631)|49,238|
|TOTAL FUNDS||1,930,869|)),88),63))|49,238|





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||||Net||
|---|---|---|---|---|
||||movement|At|
|||At 1/9/20|in funds|31/8/22|
|Unrestricted|funds||||
|General fund||2,506,794|96,327|2,603,121|
|TOTAL FUNDS||2,506,794|96,327|2,603,121|



|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
|Unrestricted|funds||||
|General fund||3,895,528|(3,799,201)|96,327|
|TOTAL FUNDS||3,895,528|(3,799,201)|96,327|



## 



||||The Loyola Preparatory<br>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<br>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<br>club||||24,115||
|||||1,944,268|1,902,850|
|Investment<br>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<br>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|