REGISTERED CHARITY NUMBER: 1085079
Report of the Trustees and
Financial Statements
for the Year Ended 31st August 2025
for
The Loyola Preparatory School Trust
Cooper Paul Statutory Auditors Abacus House 14-18 Forest Road Loughton Essex IG10 1DX
The Loyola Preparatory School Trust
Contents of the Financial Statements for the Year Ended 31st August 2025
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|Statement|of financial|activities|11|
|Statement|of financial|position|12|
|Statement|of cash|flows|13|
|Notes|to|the|statement|of cash|flows|14|
|Notes|to|the|financial|statements|15|to|22|
|Detailed|statement|of financial|activities|23|
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The Loyola Preparatory School Trust
Report of the Trustees for the Year Ended 31st August 2025
The trustees present their report with the financial statements of the charity for the year ended 31st August 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
Objectives and activities
Charitable objectives
The objects of the charity are to advance the Roman Catholic religion by maintaining a Catholic school, whose activities are conducted in accordance with canon law and which provides education in the Ignatian tradition. It is the duty of the trustees and governors to advance and support this aim.
Strategic Aim and Intended Effect
The School's strategic aim is the attainment of the highest academic levels whilst at the same time allowing pupils to benefit from a varied extra-curricular programme. 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.
Objectives for the year
The Board's main objective continues to be to educate all of the School's pupils to at least the same high standard achieved by the School in previous years, 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's current teaching arrangements with a constant emphasis on high standards, adding value to each child and tailoring our services where necessary to meet the specific needs of a particular pupil.
Achievements and performance
The aim of the trustees is to operate the school at a surplus to ensure that there are funds 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 and/or teaching resources.
Financial review
Income from activities for the year, primarily from school fees, increased by 2.8% to £2,128,045. Direct expenditure relating to the Charity's objectives amounted to £2,107,513 with 74.2% 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 £20,532 which has been added to the Charity's reserves.
Reserves policy
It is the policy of the charity to maintain unrestricted funds, which 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.
Investment powers andpolicy
The trustees’ investment powers are governed by the Trust Deed, which permits the charity's funds to be used at the absolute discretion of the trustees. However a low risk policy is followed so that available retained funds, 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.
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The Loyola Preparatory School Trust
Report of the Trustees
for the Year Ended 31st August 2025
Future plans
The key objectives for the future are:
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¢ To strengthen the Ignatian character of the school by re-activating links with the Jesuit Institute
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¢ To promote and increase the Catholic uptake of school places while ensuring the school continues to welcome pupils of all faiths
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e To maintain the current high standards of academic achievement as measured by external examinations for entry to senior schools and internal ongoing assessments throughout the whole school
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e To recognise that each pupil has individual talents and to encourage, support and develop these during their time at the school
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e To balance academic achievement through maintaining a curriculum allowing full scope for the development of sporting, artistic and social as well as academic skills
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e To encourage cross-sector partnership working in line with the Department of Education's Joint Understanding programme
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e To continue to build and encourage community access to the School's facilities e To market the school place vacancies and prospects at 7+
Structure, governance and management
Status and administration
The charity is constituted by a Trust Deed dated 2nd November 2000 and registered with the Charity Commissions under charity number 1085079.
Organisational Management
The Governors are appointed by the Trustees and meet as a Board at least six times a year to determine the general policy of the charity and review its overall management and control, for which they are legally responsible. The day-to-day running ofthe school is delegated to the Headmistress supported by administration staff and other senior teachers. During the year, eight persons served as Governors.
Trustee induction and training
The Trustees are appointed by the Bishop of Brentwood following consultations with existing trustees who may receive nominations from the Board of Governors and other local parties. An appointment will be based on such matters as the nomination's eligibility, personal competence, specialist skills and availability. New trustees receive various pieces of written information regarding the workings of the school as a registered charity.
Reference and administrative details Registered Charity number 1085079
Principal address 103 Palmerston Road Buckhurst Hill Essex IG9 SNH
Trustees Dominic Savage (Chairperson) Patricia Alder David Maxim (retired 25/3/25) Fr. John Harvey (retired 14/1/2025) Anne D'Cruz Fr. Robert Page Fr. Adrian Lowe (appointed 15/1/2025)
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The Loyola Preparatory School Trust
Report of the Trustees for the Year Ended 31st August 2025
Reference and administrative details Auditors Cooper Paul Statutory Auditors Abacus House 14-18 Forest Road Loughton Essex IG10 IDX
Clerk to the Trustees Maria Rosario
Headmistress Kirsty Anthony
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The Loyola Preparatory Schoo! Trust
Report of the Trustees for the Year Ended 31st August 2025
Public benefit during 2024/25 The guidance from the Charity Commission states that public benefit provided by Loyola Preparatory School must be consistent with the School's charitable objects.
The Declaration of Trust of Loyola Preparatory School dated 2nd November 2000 states that "The objects of the Charity are to advance the Roman Catholic religion by advancing education by the provision of a catholic school to be conducted in accordance with canon law and the Ignatian tradition which it shall be the duty of the Governors and Trustees to advance and support."
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Public Benefit through the advance of the Roman Catholic religion The advance of religion has been long accepted as a charitable act. It has been the intention of the Trustees and Governors in pursuance of their duties as stated in the Charitable Objects that Loyola both advance Roman Catholicism through its ethos, religious educational programme and its liturgical life and through promoting an appreciation of its values within those of other faiths 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 Statement and is based on principles associated with the tradition of St Ignatius of Loyola as practised by the Society of Jesus, the original founders of the school.
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- RE. 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 schoo! has been utilising a combination of schemes of work (the Education programme "Come and See" in KS2 and Magister which is in line with the RED in EYFS and KS1 for this purpose). An element of the course is Comparative Religion and pupils from other creeds and traditions are encouraged to speak about their practice in order to support mutual appreciation and understanding between Faiths. The RE team have delivered training to teaching staff regarding the new Religious Education Directory (RED) and the use of Magister. The school aims to fully implement RED in September 2025 and Magister will be used throughout the school instead of the scheme, "Come and See". As part of our school action plan, we will be monitoring the implementation of this and supporting staff to do so effectively. This will ensure that there is full implementation by September 2026.
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- Liturgical Life: The liturgical life of the schoo] revolves around prayer and liturgy which includes a weekly Mass to which all pupils attend and participate. All parents and members of the local Catholic parishes are welcome to attend. Pupils also participate in classroom collective worship and prayer is interwoven throughout the school day.
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- Inaddition, the choir sang at a funeral Mass at a local Catholic parish church, a priest's ordination in Essex and supported Brentwood Cathedral in their pilgrimage to Lourdes (July 2025).
Public Benefit through Advancing Education
Education itself has long been (and remains) a charitable purpose and public good. Loyola has a virtually non-selective intake. Historically, the pupils' results are by the age of 11 in advance of the state sector average in the Key Stage 2 SATs.
Loyola Key Stage 2 SATs Results in May 2025
|ee
achievingthe
Nationally: % ofpupils
Subject
expected standard
|achieving the expected standard|
|---|
|Writme
C‘;NC*d
(80%TH|
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The Loyola Preparatory School Trust
Report of the Trustees for the Year Ended 31st August 2025
Public Benefit through Advancing Education (continued)
As a result of the excellent standard of education, pupils in Year 6 achieved the following offers into Independent and Grammar secondary schools.
Bancrofts 5 places plus 1 Scholarship Bishops Stortford College 1 place Brentwood 9 places plus 2 Scholarships Chigwell 10 places plus 3 Scholarships Felsted 2 places plus 2 Scholarships Forest 9 places Haileybury 1 place Ilford County Grammar 2 places King Edward VI Grammar 1 place New Hall 4 places plus 2 Scholarships Normanhurst 2 places Royal Guildford Grammar 1 place St Edmund's College 2 places St John's Senior School 1 place St Paul's School 1 place Wilson's School 1 place In total this constitutes, for 20 pupils 52 place offers plus 10 scholarships offered.
Breakdown of pupils destination schools 50% Independent Schools 5% Grammar Schools 45% State Maintained Schools
Bursaries and Scholarships:
Loyola provided five fee reductions for Hume Scholars totalling £6,545.
Fund raising for charities:
Part of the school's charitable work is fund raising in support of Catholic charities and the advancement of Roman Catholicity: the Catholic Fund for Overseas Development (CAFOD). During the year the school also supported The Chigwell Riding Trust, Children in Need, Crisis, Cancer Research, Macmillan Cancer, NSPCC and Red Nose Day. Charitable donations of food are also made to the Epping Food Bank and Noah's Ark Community Hub.
Other activities that benefit children from other schools and advance education
Loyola has been committed in providing and benefiting where possible, the wider local community.
Loyola were able to support a local theatrical group (Upstage) with the use of our school hall for pantomime rehearsals throughout September to January 2025 at no cost. This allowed the use of the premises to advance educational opportunities and to open up a Catholic environment for the benefit of the wider community. Loyola also hosted a Secondary School Fair was held in the Whitsun term with invitations sent to all local (state maintained) primary schools. Staff were also available to offer guidance through the 11+ process.
Statement of trustees' responsibilities
The trustees are responsible for 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).
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The Loyola Preparatory School Trust
Report of the Trustees
for the Year Ended 31st August 2025
Statement of trustees’ responsibilities - continued
Charity law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
Under charity law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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- observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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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 position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011 and The Charity (Accounts and Reports) Regulations 2008. 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 ofthe board oftrustees OM .......ceseceseseeeeereeeeAtl, Moc le and signed on its behalf by:
Rominic Savage — Chair of Trustees
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Report of the Independent Auditors to the Trustees of The Loyola Preparatory School Trust
Opinion
We have audited the financial statements of The Loyola Preparatory School Trust (the 'charity') for the year ended 31st August 2025 which comprise the Statement of financial activities, the Statement of financial position, the Statement of cash flows and notes to the financial 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 Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
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give a true and fair view of the state of the charity's affairs as at 31st August 2025 and of its incoming resources and application of resources, for the year then ended;
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have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit ofthe 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 statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
Other information
The trustees are responsible for the other information. The other information comprises the information included in the Annual report, other than the financial statements and our Report of the independent auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
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Report of the Independent Auditors to the Trustees of The Loyola Preparatory School Trust
Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:
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the information given in the Report of the trustees is inconsistent in any material respect with the financial statements; or
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sufficient accounting records have not been kept; or
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the financial statements are not in agreement with the accounting records and returns; or
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we have not received all the information 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 financial statements which give a true and fair view, and for such internal 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 assessing 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 cease operations, or have no realistic alternative but to do so.
Page 8
Report of the Independent Auditors to the Trustees of The Loyola Preparatory School Trust
Our responsibilities for the audit of the financial statements We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the independent auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to 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, including fraud is detailed below:
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
-our engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws 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 which we considered may have a direct material effect on the financial statements or the operations of the charity, including such as the Charities Act 2011, 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 management and inspecting legal correspondence; and
-identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. We assessed the susceptibility of the charity's financial statements to material misstatement, including obtaining an understanding of how fraud might occur by: -making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud;
-considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations;
To address the risk of fraud through management bias and override of controls, we: -performed analytical procedures to identify any unusual or unexpected relationships;
-tested journal entries to identify unusual transactions;
-assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential 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 financial statement disclosures to underlying supporting documentation;
-reading the minutes of meetings of those charged with governance;
-enquiring of management as to actual and potential litigation and claims;
-reviewing correspondence with the charity's legal advisors;
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of management and the inspection of regulatory and legal correspondence, if any.
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Report of the Independent Auditors to the Trustees of The Loyola Preparatory School Trust
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.fre.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
Use of our report
This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. 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 extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed. 7p
Cooper Paul Statutory Auditors Abacus House 14-18 Forest Road Loughton Essex IG10 1DX ake Date: AL
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The Loyola Preparatory School Trust
Statement of Financial Activities for the Year Ended 31st August 2025
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|||||||
|---|---|---|---|---|---|
|2025|2024|
|Unrestricted|Total|
|funds|funds|
|Notes|£|£|
|Income|and|endowments|from|
|Other trading|activities|2|2,082,975|2,035,337|
|Investment|income|3|45,070|28,538|
|Other income|-|5,870|
|Total|2,128,045|2,069,745|
|Expenditure|on|
|Charitable|activities|4|
|School|2,107,513|2,034,720|
|NET INCOME|20,532|35,025|
|Reconciliation|of funds|
|Total|funds|brought|forward|2,688,901|2,653,876|
|Total funds|carried forward|2,709,433|2,688,901|
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The notes form part of these financial statements
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The Loyola Preparatory School Trust
| Statement ofFinancial Position | |||
|---|---|---|---|
| 31stAugust2025 | |||
| 2025 | 2024 | ||
| Unrestricted | Total | ||
| funds | funds | ||
| Notes | £ | £ | |
| Fixed assets | |||
| Tangible assets | 9 | 2,071,284 | 2,129,466 |
| Current assets | |||
| Debtors Cash atbank and inhand |
10 | 188,086 967,098 |
65,735 1,421,852 |
| 1,155,184 | 1,487,587 | ||
| Creditors | |||
| Amounts falling due withinone year | 11 | (338,672) | (738,922) |
| Net current assets | 816,512 | 748,665 | |
| Total assets less current liabilities | 2,887,796 | 2,878,131 | |
| Creditors | |||
| Amounts falling due aftermore than | one | ||
| year | 12 | (178,363) | (189,230) |
| NET ASSETS | 2,709,433 | 2,688,901 | |
| Funds | 15 | ||
| Unrestricted funds | 2,709,433 | 2,688,901 | |
| Totalfunds | 2,709,433 | 2,688,901 |
The financial statements were approved by the Board of Trustees and authorised for issue on th Movin LicPhs: and were signed on its behalf by:
Dominic Savage - Trustee
The notes form part of these financial statements
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The Loyola Preparatory School Trust
Statement of Cash Flows for the Year Ended 31st August 2025
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||||||||
|---|---|---|---|---|---|---|
|2025|2024|
|Notes|£|£|
|Cash|flows|from|operating|activities|
|Cash|generated|from|operations|1|(415,374)|562,303|
|Interest|paid|(5,161)|(6,033)|
|Net cash (used|in)/provided by operating|activities|(420,535)|556,270|
|Cash|flows from|investing|activities|
|Purchase|of tangible|fixed|assets|(57,394)|(82,836)|
|Interest|received|47,646|28,538|
|Net|cash used|in investing|activities|(9,748)|(54,298)|
|Cash|flows|from|financing|activities|
|Loan repayments|in year|(24,471)|(20,723)|
|Net cash used|in|financing|activities|(24,471)|(20,723)|
|Change|in|cash|and cash|equivalents|
|in|the|reporting|period|(454,754)|481,249|
|Cash|and|cash|equivalents|at the|
|beginning|of the|reporting|period|1,421,852|940,603|
|Cash|and|cash|equivalents|at|the|end|
|of the|reporting|period|967,098|1,421,852|
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The notes form part of these financial statements
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The Loyola Preparatory School Trust
Notes to the Statement of Cash Flows for the Year Ended 31st August 2025
1. Reconciliation of net income to net cash flow from operating activities
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Net income for the reportingperiod (as perthe Statement of | ||
| financial activities) | 20,532 | 35,025 |
| Adjustments for: | ||
| Depreciation charges | 115,576 | 107,383 |
| Interestreceived | (47,646) | (28,538) |
| Interest paid | 5,161 | 6,033 |
| (Increase)/decrease in debtors | (122,351) | 1,683 |
| (Decrease)/increase in creditors | (386,646) | 440,717 |
| Netcash(usedin)/providedbyoperations | (415,374) | 562,303 |
2. Analysis of changes in net funds
| At 1/9/24 | Cash flow | At 31/8/25 | |
|---|---|---|---|
| £ | £ | £ | |
| Net cash | |||
| Cash at bankand in hand | 1,421,852 | (454,754) | 967,098 |
| 1,421,852 | (454,754) | 967,098 | |
| Debt | |||
| Debts falling due within | year | (26.951) | (1.396) |
| Debts fallingdue after 1 year | (129,230) | 25,867 | (103,363) |
| (156,181) | 24,471 | (131,710) | |
| Total | 1,265,671 | (430,283) | 835,388 |
The notes form part of these financial statements
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The Loyola Preparatory School Trust
Notes to the Financial Statements for the Year Ended 31st August 2025
1.
Accounting policies
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, 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 cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to 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 obligation committing the charity to that expenditure, it is 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 under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Straight line over 50 years Fixtures and fittings - Over 10 years Motor vehicles - 25% on reducing balance Computer equipment - Over 4 years
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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The Loyola Preparatory School Trust
Notes to the Financial Statements - continued for the Year Ended 31st August 2025
2. Other trading activities
| 2. | Other trading activities | |||
|---|---|---|---|---|
| 2025 | 2024 | |||
| £ | £ | |||
| Fees receivable | 1,938,834 | 1,873,951 | ||
| Grant income | 3,000 | 3,000 | ||
| Commissions receivable | 70 | 753 | ||
| Homework classes& clubs | 11,605 | 13,074 | ||
| Non-refundable entrance fees | 7,517 | 50,550 | ||
| Other income | 21,617 | 4,943 | ||
| Before & after school club | 66,084 | 54,408 | ||
| Holiday club | 32,853 | 33,649 | ||
| Cooking Club | 1,395 | 1,009 | ||
| 2,082,975 | 2,035,337 | |||
| 3. | Investment income | |||
| 2025 | 2024 | |||
| £ | £ | |||
| Charities Trust Fund | 43,782 | 27,246 | ||
| Deposit account interest | 1,288 | 1,292 | ||
| 45,070 | 28,538 | |||
| 4. | Charitable activities costs | |||
| Support | ||||
| Direct | costs (see | |||
| Costs | note 5) | Totals | ||
| £ | £ | £ | ||
| School | 2,102,352 | 5,161 | 2,107,513 | |
| 5. | Support costs | |||
| Other | ||||
| £ | ||||
| School | §,161 |
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The Loyola Preparatory School Trust
Notes to the Financial Statements - continued for the Year Ended 31st August 2025
6. Trustees' remuneration and benefits
There were no trustees' remuneration or other benefits for the year ended 31st August 2025 nor for the year ended 31st August 2024.
Trustees’ expenses
There were no trustees' expenses paid for the year ended 31st August 2025 nor for the year ended 31st August 2024.
7. Staff costs
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 1,244,314 | 1,220,274 |
| Social security costs | 120,562 | 112,471 |
| Other pension costs | 198,312 | 161,326 |
| 1,563,188 | 1,494,071 |
The average monthly number of employees during the year was as follows:
| 2025 | 2024 | |
|---|---|---|
| FTE | FTE | |
| Teaching | 14.52 | 14.26 |
| Classroom assistants and welfare | 9.25 | 9.90 |
| Administration | 2.82 | 3.03 |
| Premises | 1.00 | 1.00 |
| Catering | 3.50 | 3.93 |
| 31.09 | 32.12 |
Three employees received emoluments in excess of £50,000 but below £60,000.Two employees 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 31st August 2025
8. Comparatives for the statement of financial activities
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----- Start of picture text -----
||||||
|---|---|---|---|---|
|Unrestricted|
|funds|
|£|
|Income|and|endowments|from|
|Other trading|activities|2,035,337|
|Investment|income|28,538|
|Other|income|5,870|
|Total|2,069,745|
|Expenditure|on|
|Charitable|activities|
|School|2,034,720|
|NET|INCOME|35,025|
|Reconciliation|of funds|
|Total|funds|brought|forward|2,653,876|
|Total|funds|carried|forward|2,688,901|
----- End of picture text -----
- Tangible fixed assets
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----- Start of picture text -----
||||||||||
|---|---|---|---|---|---|---|---|---|
|Fixtures|
|Freehold|and|Motor|Computer|
|property|fittings|vehicles|equipment|Totals|
|£|£|£|£|£|
|Cost|
|At|Ist|September|2024|2,899,035|539,860|28,014|103,587|3,570,496|
|Additions|-|55,528|:|1,866|57,394|
|At|31st August|2025|2,899,035|595,388|28,014|105,453|3,627,890|
|Depreciation|
|At|Ist|September|2024|1,040,064|293,752|23,028|84,186|1,441,030|
|Charge|for year|57,981|48,681|1,247|7,667|115,576|
|At|31st August|2025|1,098,045|342,433|24,275|91,853|1,556,606|
|Net|book|value|
|At|31st August 2025|1,800,990|252,955|3,739|13,600|2,071,284|
|At|31st August|2024|1,858,971|246,108|4,986|19,401|2,129,466|
----- End of picture text -----
Page 18
The Loyola Preparatory School Trust
Notes to the Financial Statements - continued for the Year Ended 31st August 2025
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||||||||||
|---|---|---|---|---|---|---|---|---|
|10.|Debtors:|amounts|falling|due|within|one year|
|2025|2024|
|£|£|
|Trade|debtors|23,594|8,884|
|Other|debtors|103,916|-|
|Prepayments|60,576|56,851|
|188,086|65,735|
|11.|Creditors:|amounts|falling|due|within|one|year|
|2025|2024|
|£|£|
|Bank|loans|and|overdrafts|(see|note|13)|28,347|26,951|
|Trade|creditors|182,830|685,890|
|Taxation|and|social|security|96,578|-|
|Other|creditors|30,917|26,081|
|338,672|738,922|
|12.|Creditors:|amounts|falling|due|after more|than|one year|
|2025|2024|
|£|£|
|Bank|loans|(see|note|13)|103,363|129,230|
|Other|creditors|75,000|60,000|
|178,363|189,230|
|13.|Loans|
|An|analysis|of the|maturity|of loans|is|given|below:|
|2025|2024|
|£|£|
|Amounts|falling|due|within one|year on demand:|
|Bank|loans|28,347|26,951|
|Amounts|falling|between|one|and two|years:|
|Bank|loans|-|1-2|years|27,113|25,866|
|Amounts|falling|due|between two|and|five|years:|
|Bank|loans|-|2-5|years|76,250|85,326|
|Amounts|falling|due|in more|than|five|years:|
|Repayable|by|instalments:|
|Bank|loans|more|5|yr by|instal|-|18,038|
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Page 19
The Loyola Preparatory School Trust
Notes to the Financial Statements - continued for the Year Ended 31st August 2025
14. Secured debts
The following secured debts are included within creditors:
Bank loans
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|||
|---|---|
|2025|2024|
|£|£|
|131,710|156,181|
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The total amount of £131,710 outstanding on the Joan is secured on a property owned by the School.
15. Movement in funds
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||||||||||
|---|---|---|---|---|---|---|---|---|
|Net|
|movement|At|
|At|1/9/24|in|funds|31/8/25|
|£|£|£|
|Unrestricted|funds|
|General|fund|2,688,901|20,532|2,709,433|
|TOTAL|FUNDS|2,688,901|20,532|2,709,433|
|Net movement|in|funds,|included|in the|above|are|as|follows:|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|2,128,045|=|(2,107,513)|20,532|
|TOTAL FUNDS|2,128,045|(2,107,513)|20,532|
|Comparatives|for|movement|in funds|
|Net|
|movement|At|
|At|1/9/23|in|funds|31/8/24|
|£|£|£|
|Unrestricted|funds|
|General|fund|2,653,876|35,025|2,688,901|
|TOTAL FUNDS|2,653,876|35,025|2,688,901|
----- End of picture text -----
Page 20
The Loyola Preparatory School Trust
Notes to the Financial Statements - continued for the Year Ended 31st August 2025
15. Movement in funds - continued
Comparative net movement in funds, included in the above are as follows:
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||||||
|---|---|---|---|---|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|2,069,745|(2,034,720)|35,025|
|TOTAL FUNDS|2,069,745|(2,034,720)|35,025|
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A current year 12 months and prior year 12 months combined position is as follows:
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||||||
|---|---|---|---|---|
|Net|
|movement|At|
|At|1/9/23|in|funds|31/8/25|
|£|£|£|
|Unrestricted|funds|
|General|fund|2,653,876|55,557|2,709,433|
|TOTAL FUNDS|2,653,876|55,557|2,709,433|
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A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
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||||||
|---|---|---|---|---|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|£|£|£|
|Unrestricted|funds|
|General|fund|4,197,790|(4,142,233)|55,557|
|TOTAL FUNDS|4,197,790|(4,142,233)|55,557|
----- End of picture text -----
Page 21
The Loyola Preparatory School Trust
Notes to the Financial Statements - continued for the Year Ended 31st August 2025
16. Related party disclosures
There were no related party transactions for the year ended 31st August 2025.
Page 22
The Loyola Preparatory School Trust
Detailed Statement of Financial Activities for the Year Ended 31st August 2025
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||||||||
|---|---|---|---|---|---|---|
|2025|2024|
|£|£|
|Income|and|endowments|
|Other|trading|activities|
|Fees|receivable|1,938,834|1,873,951|
|Grant income|3,000|3,000|
|Commissions|receivable|70|753|
|Homework|classes &|clubs|11,605|13,074|
|Non-refundable|entrance|fees|7,517|50,550|
|Other|income|21,617|4,943|
|Before|&|after|school|club|66,084|54,408|
|Holiday|club|32,853|33,649|
|Cooking Club|1,395|1,009|
|2,082,975|2,035,337|
|Investment|income|
|Charities|Trust Fund|43,782|27,246|
|Deposit|account|interest|1,288|1,292|
|45,070|28,538|
|Other|income|
|Other|income|-|5,870|
|Total incoming|resources|2,128,045|2,069,745|
|Expenditure|
|Charitable|activities|
|Teaching|costs|1,332,317|1,251,087|
|Administration|costs|340,140|327,958|
|Premises|costs|429,895|449|642|
|2,102,352|2,028,687|
|Support|costs|
|Other|
|Bank|interest|5,161|6,033|
|Total|resources|expended|2,107,513|2,034,720|
|Net income|20,532|35,025|
----- End of picture text -----
This page does not form part of the statutory financial statements
Page 23