REGISTERED CHARITY NUMBEIL. 1085079
RepDrl of the Trustees and
Financi21 Ststements
for the Year Ended 31st Augusl 2024
for
The Loyola Preparatory School Trust
Cooper Paul
Statuloo. Auditors
Abacus House
14-18 Forest Road
Loughton
IGIO IDX

The ￿yO14 Preparatory Scbool Trust
Contents of the Financial Statements
for the Year EDded 315t August 2024
Page
Report of the trustees
Report of the independent auditor5
7 10 10
Statement of financial activities
Statement of financial position
12
Statement of cash flows
Notes to the statement of cash flows
14
Notes to the financial statements
15 lo 21
Detailed statement of finaneial activitie5

The ￿yO1￿ Preparalory School Trnst
Report of the Trustees
for the Y¢ar Ended 31st August 2024
The tru5te¢s present their report with the financial statemcnts of the charity, for the year ended
31st August ?0?4. The trustees have adopied the provisions of Accounling and Reporting by Charities:
Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS IO•) (effective l January
2019).
Objectives and activities
Charitable objecfi¥'e3
The objects of the charity are to advance th¢ Roman Catholic religion by maintaining a Catholic school. whose
activities are conducted in accordance with canon law and which proN'ides education in the Ignatian tradition.
It is the duty ofthe trustees and governors to advance and support this aim.
Slralegic Aim und Intended EffeL"I
The School's strategic aim is the attainment of the highest acadeniic lei'els whilst at the same time allowing
pupils to benefit from a varied extra-curyicular progrdtnme. This is intended to draw out their abilities and
academic potential, awaken and develop wider interests in life and motivate them for a successful career at
their secondary school.
ObjectEI'esfor ihejgar
The Board's main objective continue5 to b¢ to educale all of the School's pupils to at least the 5atne high
standard achieved by the School in previous }'ears. so that pupils will be able to reach their potential and derive
greatest benefit from their chosen school for the eventual completion of their education. Our strategy for
achieving this is to continue the School'5 curreni teaching a￿ange[llents with a constant emphasis on high
standards, adding value to each child and tailoring our services where necessary to meet the speciflc needs of
a particular pupil.
Achievement 2nd perforniance
The aim of the truslees is to operate the school at a surplus to ensure that there are fiu]ds available to provide
for upkeep and development of the premises and to provide additional resources for the school as necessary.
The funds held at present are planned to be used for the redevelopment of the premises andlor teaching
resources.
Financial review
Income from aclivitie5 for the year. primarily from sch￿1 fees. increased by 4.5 % to £2,069.745. Direct
expenditure relating to the Charity's objectives amounted to £2.034.720 with 73.4Q/o of this figure being in
respect of staff salary and pension costs. After taking account of class resources. administration costs. premises
expenses and catering costs there was a surplus of £35.025 which h&s been added to the Charity's reserves.
Reservespolicv
It is the policy of the charity. lo maintain unrestricted funds. ￿hich are the free reserves of the charity. at a level
which enables it to provide for unexpected premises maintenance cost and the overall development of the
school. Unrestricted funds were Maintained at this level throughout the year.
Ini'eslment POH'ers (mdpolicfv.
The trustees, investment power5 are governed bs the Trust Deed, which pemiits the charity's funds to be used
at the absolute discretion of the (njstees. However a low risk policy is followed so that available retained tunds,
other than those required for day to day cash management. are placed with the Charities Official Investment
Funds (COIF) managed by CCLA Investment Management Limited.
Page I

The Loyola Preparatory School Trust
Report of the Trvstees
for Ihe Year Ended 31st August 2024
Future plans
The key objectives for the future are:
TO Strengthen the Ignatian character of the school bj re-activating links with the Jesuil Institute
To promote and increase the Catholic uptak.e of school places while ensuring the school continues to
welcome pupils of all faiths
To maintain the curTent high standards of academic achievement as measured by external
examinations for enty to senior schoo15 and internal ongoing assessments throughout the whole
school
To reco8ni5e that each pupil has individual talents and to encourage. support and develop these
during their time at the school
To balance academic achievement through maintaining a curriculum allowing full scope for th¢
development of sporting. artistic and social as well as academic Skills
To encourage cross-sector partnership working in line with the Department of Education's Joint
Understanding programme
To continue to build and encourage community access to the School's facilities
To market the school place ￿'aCanCieS and prospects at 7+
Structure* governance and management
Stanu al￿ adminislralion
The charity is constituted by a Trust Deed dated 2nd November 2000 and tegislered with the Charity
Commissions under clwity number 1085079.
OrganisatiOP7al Alanageipiep21
The Govemors are appointed by the Trustees and meet as a Board at least six times a year to determine the
general policy of the chariry and revie￿ its overall managemenl and control, for which the) are legally
responsible. The day-to-day running of the school is delegated to the Headmistress supported by administration
staff and other senior ieachers. During the year. six persons Served as GovernotS.
Tnlstee induction and training
The Trustees are appointed by the Bishop of Brenlwood following consultations with existing trustees who
may receive nominations from the Board ot" Governors and other local parties. An appointment be based
on such matter5 a8 the nomination's eligibility. personal competence. specialist skills and availability. New
trustees receive various pieces of written infomiation regarding the workings of the school as a registered
charity.
RefereDce and adminislrative details
RegRStered Charity number
1085079
Principal address
103 Palmerston Road
Buckhurst Hill
Essex
IG9 5NH
Trllstees
Domtnic Savage (Chairperson)
Patricia Alder
Fr. John Harvey (retired 14111?025)
Fr. Adrian Lowe (appointed 15101115)
David Maxim
Anne D'cruz
Fr. liobert Page
Page 2

The Loyola Preparatory School Trust
Report of the Trustees
for the Year Ended 31st August 2024
Reference and administrative detsils
Auditors
Cooper Pau
Statutory Auditors
Abacus House
14-18 Forest Road
Loughton
Essex
IGIO IDX
Clerk to the Trustees
Maria Rosario
Headmistress
Kirsty Anthony
Page 3

The Loyola Preparatory School Trnst
Report of the Trustees
for the Year Ended 315t August 2024
Public benefit during 2023124
The guidance from the Chariiy Commission states that public benefit provided by Loyola Preparatory School
must be consistent with the School's chariobje objects.
The Declardtion of Trust of Loyola Preparatory School dated ?nd NoN'ember ?000 states that "The objects of
the Charity are to advance the Roman Catholic religion by advancing education by the provision of a catFLoIic
school to be conducted in accordance with canon law and the Ignatian tradition which it shall be the duty of
the Governors and Tn￿lee5 to advance and support..
Public Benefit thro
h the advance of the Roman Catbolie reli
ion
The advance of religion has been long accepted as a charitable act. IT has been the intention of the Trustees
and Governors in pursuance ot'their duties as stated in the Charitable Objects that Loyola both advance Roman
Catholicism through ils ethos. religious educational programme and its liturgical life and through promoting
an appreciation of its values within those of oiher faiihs and traditions who are members of the school as well
as promoting appreciation amongst Roman Catholic pupils of the values of such other faiths and traditions.
School ethos: This is reflected within the school Mission Statemenl and is based on principles associated
with the tradition of St Ignatius ol" Loyola as practised by the Society. of Jesus. the original founder5 of the
school,
R.E. programme". As a Roman Catholic school, Loyola must teach R.E. according to the Curriculum
Directory of the (Catholic) Bishops of England and Wales. The school utilises the Education programme
Come and See" for this purpose. A significant component of the course is Comparative Religion and
pupils from other creeds and tradilions are encouraged to speak about their practice in order to support
mutual appreciation and understanding between Faiths. The Chair of Governors and ihe Heathnistress have
attended training regarding the new Religious Education Directory (RED). This is to be used instead of
schemes of work such as. "Come and See". A5 part of our school action pla￿ we will be phasing this into
different year groups over the neA1 18 months ready for full implementalion by September 2026.
Liturgical Life- The liturgical Itfe of the school revolves around a weekly Mass to which all pupils attend
and participate. Parents and members of the local Catholic parishes are able to attend. Pupils also
participate in classroom collective worship on a daily basis.
In addition. the choir sang at the St Thomas, Advent Ecumenical Service and at St John Vianney Church
in Clayhall forthe All Souls, Mass.
Public Benefit throu h Advanein
Educatio
Education itself has long been land remains) a charitable purpose and public good. Loyola has a virtually
non-selective intake. Historicallv. the pupils, results are bv the age of I l in advance olthe state sector average
in the Key Stage I SATS.
Loyola Key Stage 2 SATS Results in May 2024
Loyola: 0/0 of pupil5
achieving the expected
standard
Nationally= 0/0 of pupils achieving
the ex
ected standard
eadin
pellrng. Punctllation aThd Grammas
SPAG
Writin
athemattcs
cience
i ooo/.
79O/D
720/.
730/.
810/0
l 0￿/0
l O(P/o
Page 4

The Loyola Preparatory School Trust
Report of the Trnste£s
for tbe Ye2r Ended 31sl August 2024
Public Benefit throu
h Advancin
Education
continued
As a result of the excellenl standard of educatioTh pupils in Year 6 achieved the following offers into secondary
schools
Bancrofts
Brentwood
Chigwell
Forest
King Edward VI Grammar
Normanhurst
Royal Colchester Granunar
St Michaels (Eton 13+)
Weslcliff Grdmmar
Winchester & Marlborough
College
I place
In total this Constilutes. for 17 pupils 35 place offers plus 6 scholaTships offered.
6 places plus ? Scholarships
7 places plus I Scholarship
7 places plus I Scholarship
7 places plus I Scholarship
I place
3 places
I place
I place plus I Scholarship
I place
Breakdown of pupils, destination schools
59 % Independent Schools
930/0 State Maintained Schools
180/0 Grammar Schools
Bur5arie5 and Scholarshi
Loyola provided five fee reductions for Hume Scholars totalling £IO.593.
Fund raisin for charities-
Part of the school's charitable work is fund raising in sUPPOrt of Catholic charities and the advancement of
Roman Catholicity: the Caiholic Fund for Overseas Development (CAFODI & the Brentwood Catholic
Children's Society (BCCS). During the the school also supported The Chigwell Riding TrusL Children
in Need, Crisis, Cancer ResearcM Love Em TrusL Macmillan Cancer, Motor Neurone Association, NSPCC
and Red Nose Day. Charitable donations of food are also made lo the Epping Food Bank" and Noah'5 Ark
Community Hub.
Other activities that benefit children from other schools and advance education
Lo)'ola has been committed in providing and benefiting where tM)ssible. the wider local community.
Loyola were able lo support a local theatrical group (Upstage) with the use of our school hall for pantomime
rehearsals throughout September to Januari, 20?4 at no cost. This allowed the use of the premises to advarLce
educational opportunities and to open up a Caiholic environment for the benefit of the wider community.
Loyola also hosted a Secondary School Fair was held in the Whitsun tertn with invitations seni to all local
(state maintained} pritnary schools. Staff were also available to offer guidance through the I l+ process.
Statement of tru5tees' responsibilities
The trustees are responsible tor preparing the Report of the trustees and the financial statements in accordance
with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice).
Page 5

The Loyola Preparatory Sehool Trust
Report of the Trustees
for the Year Ended 31st August 2024
Stalemellt of trustees, respoDsibilities- continued
The law applicable to charities in England and Wales. the Charities Act 201 l. Charity (Accounts and Reports)
Regulations 2008 and the provisions of the trust deed requires the trustees to prepare fsnancial statements for
each financial year which give a true and fair vie￿, of the state of affairs of the charity and of the incoming
resources and application of resources. including the income and expenditUTe, ofthe charity for that period. In
preparing those financial ststements. the tTUStees are required to
select suitable accounting policies and then apply ihem consistently.
observe the methods and principles in the Charity SORP.
ake judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed. subject to any material departures
disc105ed and explained in the financial slatements.
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy
at any time the financial wsition of the charity and to enable them to ensure that the financial statements
comply with the Charities Act ?01 l. the Charity IAccounts and Reports) Regulations ?008 and the provisions
of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the IK)ard ofirustees on 95, March ?025 and signed on its behalf by..
nic Savag¢ - Chair of Trustees
Page 6

Report of the Independent Auditors to the Trustees of
The IA)yola Preparatory School Trust
Opinion
We have audited the financial statements of The Loyola Preparatory School Trust (the 'chariti ) for the year
ended 3 1st August 2024 which comprise the Statement of financial activities. the Statement of fuwicial
position, the Statement of cash flows and notes to the financi￿ statements. including a summary of significant
accounting policies. The financial reporting framework that has been applied in their preparation is applicable
law and United Kingdom Accounting Standards (United KingdoTn Generdllv Accepted Accounting Practice).
In our opinion Ihe financial statements:
give a true and fair view of the state of the charity'5 affairs as at 3 1st August 2024 and of its incoming
resources and application of resources. for the year then ended:
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice.
and
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audi( in accordance with International Standards on Auditing (UK) (ISAS (UK)) and
applicable law. Our reS￿nSIbIlitieS under those standards are further described in th¢ Auditors, responsibilities
for the audit of the financial statements section of our report. We are independent of the charity in accordance
with the ethical requirements that are relevant to our audit of the financial slatements in the UK, including the
FRC'S EthicaK Standrt and we have fulfjlled our other ethical responsibilities in accordance with these
requirements. We believe that the audit evidence we have obtained 13 sufficient and appropriate to provide a
basis for our opinion.
ConelusioDS relating to going Concern
In auditlng the financial statements. we have concluded that the trustees, use of the going concern basi5 of
accounting in the preparalion of the financial slatements is appropriate.
Based on the work we have perfortned. we have not identified any material uncertainties relating to events or
conditions that. individually or colleclively. may cast Significant doubt on the charity's ability to continue as a
going concern for a period of at leasi twelve months from when the financial ststements are authorised for
tssue.
Our responsibilities and the Tcsponsibilities olthe trustees with respect to going concern are described in the
relevant sections of this report.
Other information
The trustees are responsible for the other infomiation. The other inforn]ation comprises the infonnation
included in the Annual report, other than the flnancial statements and our Report of the independenl auditors
thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent othen¥ise
e.xplicitly stated in our rep)rt. we do not e.xpress an). forni of assurnnce conclusion ihereon.
In connection with our audit of the financial statements. our responsibilitv is to ￿ad the other infomiation an
in doing so. consider whether the other infonnation is materiaIly incon5lStent with the financial statements or
our knowledge obtained Èn the audit or otherwise appe￿5 to be materially misstated. If we identify such
material inconsistencies or apparent materia] misslatements. we are required to deterniine whether this gives
rise to a material misstatement in the financial slatements themselves. Ir. based on the work we have performe
we conclude that there is a materia] misstatement of this other information. we are Tequired io report that fact.
We have nothing to report in ihis regard.
Page 7

Report of the Independent Auditors to the Trustees of
The Loyola Preparatory School Trust
Matters on which we are required to report by exeeptio
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports)
Regulations 2008 require5 US to report to you if, in our opinion:
the information given in the Report of the trustees is inconsistsnl in any mafrrial respect with the financial
stateTnents' or
sufficient accounting records have not been kepi. or
the financial slatements are not in ￿oreement with the accounting records and returns" or
we have not received a]1 the inforn]ation and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the Statement of trustees, responsibilities, the trustees are responsible for the
preparation of the flnancial statements N&hich give a true and fair view, and for such intemal control as the
trustees determine is necessary to enable the preparation of financial statements that are free from material
misstatement, whether due to fraud or error.
In preparing the financial statements. the trustees are responsible for &8se5sing the charity's ability to continue
as a going concern. disclosing. as applicable. matters related to going concern and using the going concern
basis of accounting unless the trustees either intend to liquidate the charity or to ce&8e operations, or have no
realistic alternative but to do so.
Page 8

Report of the IndeptDdent Auditors lo the Trnstees of
The Loi'ola Prep2rAton" School Trust
Our responsibilities for the audit of the financial statemeDts
We have been appointed as audilors under Section l44 of the Charities Act ?0 I l and rewjrt in accordance with
the Act and relevant regulations made or having elTecl thereunder.
Our objectives are to obiain reasonable assurance about whether the financial ststements as a whole are free
from material misstatemenl, whether due to fra￿1 or e￿Or. and to issue a Report of the independent auditors
that includes our opinion. Reasonable assurance is a high level of assurance. bui is noi a guarantee ihal an
audit conducted in accordance with ISAS (LK) will alw'ays detect a material misstatsment when it exists.
MisstatemerLts can arise from fraud or error and are considered material if. individually or in the aggregate,
they could reasonably be expected io influence the economic decisions of users taken on the basis of these
financial statements.
The extent to which our procedures are capable of detecting irregularities. inclLEding Iraud is detailed below:
Our approach to identifying and assessing the risks of material misstatement in respecl of irregularities,
including fraud and non•compl lance with laws 2nd ￿gUlations. was as follows:
-our engagement partner ensured that the engagemenl team colleclively had the appropriate competence.
capabilities and skills to identify. or recogntxe non-compliance with applicable la￿'S and regulations-
-we identified the laws and regulations applicable to the charity through discussions with management. and
from our knowledge and experience of charity operations.
-we focused on specific laws and regulations N*'hich ￿'C considered may have a direct material effect on the
financial statements or the opeTation5 of the charity.. including such &$ the Charities Act 201 l. data protection.
anti-bribery, employment. environmental and health and safety legislation;
-we assessed the extent of compliance with the laws and regulations identified above through making enquiries
of managenient and inspecting legal correspondence: and
-identified laws and regulations were communicaled within the audit team regularly and the team remained
alert to instances of non-compliance throughout the audit.
We assessed the susceptibility of the chariry's financial statements to material missta*ment. including
obtakning an understanding of how fraud might occur by:
-mak-ing enquiries of management &% to where they considered there was susceptibility to fraud, their
knowledge of actual. s￿8peCted and alleged frdud:
-considering the inlernal cotrtrols in place lo miligate risks of fraud and non-cotnpliance with laws and
regulations.
To address the risk of fraud through management bias and override of controls. we:
-perfonned ana1￿]CaL procedures to identify an), unusual or unexpected relationships.
-tested journal entries to identify unusual trdllsactions:
-assessed whether judgements and assumptions made in deterniining the accounting eslimates were iT]dicative
ofpotential bias.
-investigated the rationale behind significant or unusual transactions:
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures
which included, but were not limited to:
-agreeing fLnancial statement disclosures to underlying supporting documenlatio
-reading the minutes of meetings of those charged with governance:
-enquiring of management as to aclual and potential litigation and claims;
-reviewing correspondence with the charitys legal advisor5-
There are inherent limitations in our audit proCedU￿S described above. The more removed that laws and
regulations are from financial tran&2ctions. the less lik.ely it is that we would become aware of non-compliancc.
Auditing standards also limit the audit procedure5 required to identify non-compliance with laws and
regulations to enquiry of management and the inspection of regulatory and legal correspoThdence, if any.
Page 9

Report of the Independent Audilors to the Trustees of
The Loyola Preparatory School Trust
Material misstatements that arise due to fraud can be harder lo detect than those that arise from error as they
may involve deliberate concealment or collusion.
A further description of OUT responsibilities for the audil of the financial statements is located on the
Financial Reporting Council's websile at www.frc.org.uklauditorsresponsibilities. This description fornis
part of our Report of the Independent Auditors.
Use of our report
This report is made solely to the charitv's truslees. as a bod￿. in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations ?008. Our audit work has been undertaken so that we might state to the
charity's trustees those matters we are required to state to them in an auditors, report and for no other
purpose. To the fullest e.xtent permitted by law. we do not accept or a55ume responsibility to anyone other
than the charity, and the charity's truslees as a body. for our audit work. for this report, or for the opinions we
have fonned.
Cooper Paul
Statutory Auditors
Abacus House
14-18 Forest Road
Loughton
IGIO IDX
?5th March ?0?5
Page 10

The Loyola Preparatory School TTllSt
Statement of FinaDcial Activities
for th¢ Year EDded 31st August 2024
2024
IIDrestrieted
funds
2023
Total
funds
Notes
Income aDd endowments from
Other tTading activities
Investment income
Other income
9.035.337
28.538
5,870
1,966.420
12.700
2,260
Total
2,069.745
1.981.380
Expenditsre on
Charitable activities
School
2.034.720
1,930.625
NET INCOME
35.0?5
50,755
RecoDciliatioo of funds
Total funds brought forward
? 653,876
? 603,1?1
Total funds cgrried forward
2.688.901
2.653.876
The notes forni part of these financial statements
Pagell

Tkne Loyola Preparatory School Trust
Stalement of FinaDcial Position
31st August 2024
2024
Unrestricted
funds
2023
Total
funds
Notes
Fixed assets
Tangible assets
1?9,466
? 154,013
Current assets
Debtor5
Cash at bank and in hand
10
65.735
1.4?1.852
67,418
940.603
1.487.587
1.008.0?1
Creditors
Amounts falling due within one year
(738.9??)
{?73.003)
Net current Assets
748,665
735,018
Total ￿Sets less current liabilities
?,878,131
2.889.031
Creditors
Amounts falling due after more than one
year
(189.230)
?35,155)
NET ASSETS
9 688,901
2,653,876
Funds
Unrestricted funds
14
?.688,901
.653.876
Total funds
?.688.901
1,653.876
th
The financial statements were approved by the Board of Trustees and authorised for issue on 25 March 2025
and were signed on its behalf by:
Dominic Savage - Chair of Trustees
The notes forni part of these financial statemenls
Page l?

The IA•yola Preparatory School Trust
StateDJent of Cash FIoT¥s
for the Year Ended 31st August 2024
2024
2023
Notes
Cash flows from oper2ting activities
Cash geThcrated from operations
Inlerest paid
569 303
6.033)
l)4,744
6.837)
Net cash provided by 0[￿ratIng aclivilies
556.270
1?7.907
Cash flows from investing activities
Purchase of tangible flxed assets
Interest received
(82.836)
28.538
(43.845)
12.700
Net Cash used in investing activities
54.298)
31,145)
Cash flows from financing activities
Loan repayments in year
20.7?3}
(24,694)
Net cash used in financing activities
20.723)
(24.694)
Change in cash and ea5h equivalents
ID the reporting period
Cash and cash equivalents at the
beginning of the reporting period
481,249
940.603
868.535
Cash and casb equivalents at the end
of the reporting period
1.491,852
940.603
The notes forn) part of these financial statement5
Page 13

The IA)yola Preparatory School Trust
Notes to the Slatement of Cash Flows
for the Year Ended 31st August 2024
Reconeilialion of net income to net eash now from operating activities
2024
2023
Net income for the reporting period (as per the Statement of
financial activitiog)
Adjustments for:
Depreciation charges
Interest received
Interest paid
Decrease1(incr￿C) in debtor5
Increasel(decrease) in creditors
35.015
50.755
107.383
(28.538)
6.033
1.683
440.717
104.908
(1?.700)
6.837
19,039)
6,017)
Net eash provided by operalion$
562,303
134,744
Analysis of cbanges in net funds
At 119123
Cash flow
At 3118124
Net cash
Cash ai bank and in hand
940.603
481.249
1.421.852
940,603
481,249
.421,85
Debt
Debts falling due within l year
Debt5 falling due after l year
(22,999)
153,905)
(3,952)
24.675
(26.951)
129.230)
176,904)
20,7?3
156,181)
Total
763,699
501.97?
1,265,671
The note5 forni part of these fitLqncial slatements
Page 14

The Loyola Preparatory School Trust
Note5 to the Financial Statements
for the Year Ended 315t August 2024
Aecouotillg policies
Basis of preparing tbe financial statemellts
The financial siatements of the charity. which is a public benefit entity under FRS 10? have been
prepared in accordance with the Charities SORP IFRS I O?) 'Accounting and Reporting by Charities..
Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with
the Financial Reporting Standard applicable in th¢ UK and Republic of Ireland (FRS 102) (effective I
January 20191,. Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the
UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared
under the historical c05t convention.
Income
All income is recognised in the Statement of Financial Activities once the charity h&8 entiilement lo the
funds. it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligaiion committing
the charity to that expenditure, it 15 probable that a transfer of economic benefits will be required in
settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on
an accruals basis and has been classified un(kr headings that aggregate all cost related to the category.
Where costs cannot be directl), attributed to particular headings they have been allocated to activiti¢s
on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the follo￿.ing annual rates in order to MTite off each asset over its estimated
useful life.
Freehold propety
Fixtures and fittings
Motor vehicles
Computer equipm¢nt
Straight line over 50 years
Over l O years
?5 /D on reducing balance
Over 4 years
Trdxation
The charity is exempt from tax on its charitable activities.
Fund accountiug
Unrestricted tunds can be used in accordance with the ch￿itable objectives at the discretion of the
trustees.
Restricted funds can only be used for particular restricted Pu￿)seS withirL the objects of the charity.
Restrictlons arise when specified by the donor or when funds are raised for particular restricted
purposes.
Further explanation of the nattire and purpose of each fund is included in the notes to the financial
statements.
Page 15

The Loyola Preparatory School Trust
Notes tij the Financial Ststements - eontinued
for the Year Ended 31st August 2024
Other trading activities
2024
2023
Fees receivable
Grant income
Commissions receivable
Homework classes & clubs
Non-refundable entrance fees
Other income
Before & after school club
Holiday club
Cooking Club
1,873.951
3.000
753
13.074
50.550
4.943
54,408
33,649
1.009
1,821.687
5.100
49
11,535
8.700
25.125
54.686
39.538
035.337
1.966,4?0
Investment income
2024
2023
Clwities Trust Fund
Deposit account interest
27,246
1.292
102
28.538
12,700
Charitable activities eosts
Support
costs (see
note 5)
Direct
Costs
Totals
School
?,048.687
6.033
1,034,7?0
Support costs
Other
School
6,033
Page 16

The ￿yO12 Preparatory School Trust
Notes to the Finaneial Statements - eontillued
for tbe Year Ended 31st August 2024
Trustees, remuneration and benefits
There were no trustees, remuneration or other beneflts for the year ended 3 1st August 2024 nor for the
year ended 31 st August 2023.
Trustees, expenses
There were no tNstees' expenses paid for the year ended 315t August 2024 nor for the year ended
31st August ?023.
Staff costs
2024
2023
Wages and salaries
Social security costs
Other pension costs
1.220.274
1,128,440
104.475
155,068
161.326
1.494,071
1.3S7.983
The average monthly nutnber of employees duTtng the year wa5 as follows:
2023
FTE
14.26
9.90
3.03
1.00
3.93
2023
FTE
13.79
9.90
Teaching
Classroom assistants and welfare
AdministrdtioTh
Premises
Catering
1.00
3.93
32.11
31.05
One employee received emoluments in excess of £50.000 but below
£60,000.One employee received emoluments in excess of £60.000 but
below £70,000.One employee received emoluments in excess of £80,000
but below £90.000.
Page 17

The Loyola Preparatory School Trust
Notes to the Financial Statements - continued
for the Year Ended 315t August 2024
Comparatives for the statement of financi81 activities
Unrestricted
funds
Intome and endowments from
Other trading activities
InvestTnent income
Other income
1.966.420
12.700
?.260
Total
1.981.380
Expenditure on
Charitable activities
School
1,930,625
NET INCOME
50,755
Reconciliation of funds
Total fimds brought forward
?.603,121
Total funds carried forward
2,653.876
Tangible fixed assets
Fixtures
and
fittings
Freehold
property
Motor
vehicles
Computer
equipment
Totals
Cost
At 1st September 2023
Additions
2.899.035
457,024
82.836
28,014
103,587
3.487.660
At 31 st August 2024
?,899.035
539.860
?8.014
103,587
3.570.496
Depreciation
At 1st September 2023
Charge for year
982,084
57.980
21.365
1,663
78,954
1,333.647
107.383
At 31 st August 2024
1.040,064
293,75?
23,028
84,186
1,441,030
Net book value
At 31 st August 2024
1,858,971
?46,IO8
4.986
19.401
2.129.466
At 31 st August 2023
1,916,95l
205.780
6.649
24,633
2,154.013
Page 18

The Loyola Preparatory School Trust
Notes to the Financial Statements - Continued
for the Year Ended 31st August 2024
10.
Deblors: amounts falling dDe withiD one year
2024
2023
Trade debtors
Prepayments
8.884
56,851
19.487
65.735
67.418
11.
Creditors: gmounts falIing due within one year
2024
2023
Bank loans and overdrafts (see note 13)
Trade creditors
Other creditors
26.951
68i.890
26.081
?15.162
34,842
738.922
273.003
12.
Credithrs: amounts falling due after more Ihan one ye2r
2024
2023
Bank loans {see note 13)
Other credito
129,?30
60.000
153,905
81.250
189.230
235,155
13.
Loans
An analysis of the maturity ot" loans is given below..
2024
2023
Amounts falling due within one year on demand:
Bank loans
26.951
Amounts falling between one and two years:
Bank loans- 1-2 years
95,866
24,676
Amounts falling due between two and five years:
Bank loans- 2-5 years
85.326
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 yr by instal
18.038
40.512
Page 19

The Loyola Preparatory School Trust
Notes to Ihe Financial Statements - continmed
for the Year Ended 31st August 2024
14.
Movement in funds
Net
movement
in funds
At
3118124
AÉ 119123
Unrestricted funds
General fund
2.65J.876
35,0?5
9 688,901
TOTAL FUNDS
2.653.876
35.025
2,688,901
Net movement in fund5. included in the alx)ve as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestrieted funds
General fund
2.069,745
(2.034.720)
35.025
TOTAL FUNDS
35.025
Comparatives for movement in funds
Iyet
moiement
in funds
At
3118123
At 119122
Unrutricted funds
General fill)d
? 603.1?1
50,755
?,653.876
TOTAL FUNDS
2.603.121
50.755
2.653,876
Comparative net movement in funds. included in the above are as follows:
Ineoming
resources
Resources Movement
expended
in funds
Unrestrieted funds
General fund
1.981.380 (1.930.625)
50.755
TOTAL FUNDS
1.981.380
I.930.625)
50,755
Page 20

The Loyola Preparatory Sch(￿1 Trust
Notes to the Financial Statements - continued
for the Year Ended 31st August 2024
Movement in funds - continued
14.
A current year l ! months and prior year l? months combined position is as follows:
Net
movement
in funds
At
3118124
At 119122
Unrestricted funds
General fund
2.603.1? I
85.780
688,901
TOTAL FUNDS
?603.121
85,780
2,688,901
A current year 12 month5 and prior year l ?
above are as follows:
months combined net movement in funds. included in the
Incoming
resources
Resources
expeDded
Moi'ement
in funds
UDrestrACted funds
General fund
4.051,125 (3.965,345)
85.780
TOTAL FUNDS
4.051.125
(3.965.345)
85.780
15.
Related party disdosures
There were no related party transactions for the yeaT ended 31 st August 2024.
Page 21

The Loyola Preparatory School Trust
Detailed Statement of Fingneial Aelivities
for the Year Ended 31st August 2024
2024
2023
Income and eDdowmeots
Otber trading activities
Fees receivable
Grant income
Comtnissions receivable
Homework classe5 & club5
Non-refundable entrance fees
Other income
Bet"ore & after school club
Holiday club
Cooking Club
l.873.951
3.000
753
13.074
50,550
4.943
54,408
i3.649
1.009
1,821.687
5.100
49
11,535
8.700
?5,1?5
54.686
39.538
? 035,337
1.966.420
Investment income
Charities Trust Fund
Deposit accounl interest
27.246
102
28.538
12.700
Otber ineome
Other income
5,870
Total incoming ro40urces
2,069.745
l.981.380
Expenditure
Charitable actiTrThties
Teaching costs
Adminislration costs
Premises costs
451.087
327.958
449.642
1,171,413
304.?91
447,083
2.028,687
1.923.788
Support costs
Other
Bank interest
6.033
6,837
Total resources expended
2,034,720
1,930,625
Net income
35,0?5
50,755
This page does not forni part of the SLqtuiory financial statements
Page 22