2025-08-31-accounts

Charity No. 1160672 Company No. 07992044 LORETO EDUCATION TRUST (a company limited by guarantee) Unaudited Financial statements st For the Year Ended 31 August 2025

LORETO EDUCATION TRUST (A COMPANY LIMITED BY GUARANTEE) CONTENTS Page Charity details TrLJStees' Report statement of Financial Activities Ilncluding Income and Expenditure Aceounll Balan￿ sheet Notes lo the accounts

LORETO EDUCATION TRUST (A COMPANY LIMITED BY GUARANTEE) CHARITY DETAILS FOR THE YEAR ENDED 31 AUGUST 2025 Members Sister A M McEvoy Sister K Myers Sister C Turtle Sister E l Bem Sister K M Keigher Trustees Sister P M Goodsladt (Chairl Ms A Clynch Ms V Dolan Mr J C Gilson Sister K M Keigher Ms M C Lynch Dr J P Mccarlhy Mr P M¢Ghee MsJMMee Sister E M M O'Neill (Resigned 1 June 20251 Ms Andrea Pritchard (appointed February 20251 Ms U M Morrissey Sister C Turtle Ms J A Beever (Appointed 1 September 20251 Registered address Loreto Education Centre Dunham Road Altrincham Cheshire England WA14 4GZ Charity reglstration number 1160672 Company registration number 07992044 Accountants MHA Richard House Winckley Square Preston PR1 3HP Page 1

LORETO EDUCATION TRUST (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT FOR THE YEAR ENDED 31 AUGUST 2025 The trustees, who are also directors of the charity for the purposes of the Companies Act, present their report and the unaudited financial statements of the charity for the year ènded 31 August 2025. The Trustees Report includes the requirements of a Directors, Report in order lo comply with company law. The trustees have adopted the provisions of the Statement of Recommended Practice ISORPI "Accounting and Reporting by Charities" IFRS 1021 in preparing the annual report and financial statements of the charity. The financial slalements have been prepared in accordance with the accounting policies set out in notes lo the accounts and comply with the charity's governing document, the Charitie5 Act 2011 and 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. Trustees of the charity The directors of the charitable company are its trustees for the purposes of charity law. The trustees who have served during the year and since the year end are listed on page 1. Objectives and activities The charity's objects are.. a) The advancement of roman catholic religion 8nd education in 8ccordance with the ethos 8nd eduGafional philosophy of the Institute (the religious congregation of the Inslitulo of the Blessed Virgin Mary (IB VM) by providing eduGation&l facilities and training for students in the schools and colleges in England and Wales owned or managed by the Èruslgeship of the English province of the Inslitule. The charitys Directors will further this object by securing the development and implementation of the educational policy of the institute through the governing bodies and/orhead teachers/principals of the schools and colleges and/or the Loreto English Education Network (LEEN) executive as Ihg case may be. No school or Gollege may be conducted other than as a Catholic school conducted in accordanGe with the provisions of canon law (cf canon 801). b) The 2dvancemenl of education by providing advice an(1 support forschools and colleges in England and Wales not owned or managed by nor in the trusteeship of th& English province of the Institute as the Directors see fit from lime to time. Origin and Purpose "Honour thg past, Gelebrate the present, dream the future.. With a desire to respond creatively to today's and tomorrow's needs, the Lorelo Sisters of the English Province. through their Province Leader, have established a charitable company, the Loreto Education Trust, and delegated the trusteeship of our schools and college to that charitable company. The Trust has been established lo enable the dislinclive spirit of Loreto education lo continue to animate our schools and college. Mary Ward spoke about works congruous to the limes. In our time her work in formal education will be carried on through this Trust. Our hope is that future generations will continue to be inspired by our vision, our history and our stories and so continue to live the g05pèI values passed down lo us through Mary Ward, Teresa Ball and Alphonsa Ellis. We have now named these values as freedom, justice, sincerity, truth, joy, excellen￿ and inlemalionality. Though our forms of education may, and must, keep being re-designed lo meet changing needs, our foundations endure and give us the security to be adventurous. Co-workers The Trust will operate in collaboration with Governing Bodies who are accountable to the Trustees for upholding and developing Lorelo's characteristic spirit at school and college level. Advice and support for the Trustees on strategic and opeTational issues will be given by the Loreto English Education Network. This comprises the senior leadership teams of the five Lorelo establishments, together with the Loreto Education Officer, an education adviser and a critical friend. They are accountable to the Trustees lor upholding the Loreto educational philosophy. The vision and values of Loreto are brought to life by the teaching and support staff in their day-lo-day encounters with the students. The students are the focus of all our endeavours. The Trust is built for them. Page 2

LORETO EDUCATION TRUST (A COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 Structure. governance, and management The Trust comprises two groups.. the Members of the Trust and the Directors of the Trust Board known as the Trustees. The Members of the Trust control the Lorelo Education Trust and appoint the Trustees. The Members are appointed by the Provin￿ Leader in consultation with the Province Council. The first Members were members of the Province Council al that lime. The Directors are the Trustees responsible for managing the affairs of the Trust. One new Trustee was appointed by the Members after the year-end and was a Trustee al the dale of signing these account5. The Trust Board currently has 13 Trustees, 4 of these are Lorelo Sisters at the dale of signing the annual report and accounts. New Trustees also received a copy of the Charity Commission welcome pack. The Board's main purpose, working primarily through Governing Bodies, is to ensure that the strategic aims, policies and culture of Loreto schools and colleges in England and Wales reflect the dislinclive educational ethos of the Institute of the Blessed Virgin Mary. The Trustees are accountable to the Members. During the year the Trustees held 3 board meetings plus an Annual Geneml Meeting on 25 June 2025 attended by the Members as well as the Trustees. Public benefit statement The Trusteès confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Trust's airns and objectives and in planning future activities. Achievements and performance During the year. Loreto Education Trust has undèrtaken the following.. 1. Appointment offoundation govemors Sl Albans.. 2 governor renewals, 2 appointments Manchester.. 4 Governor renewals 2. Trustee representation on the Governing Body of each school and college Five Trustees are foundation governors., all schools have al least one Trustee on Governing Body. Loreto Manchester.. SM Patricia. Victoria Dolan Lorelo Chorllon.. SM Bernadette, SM Patricia. Lorelo Altrincham.. Justin Mccarlhy, SM Bern2delle, SM Patricia Goodstadt is a member of Allrincham Trust. Loreto Sl Albans.. SM Bernadette, SM Kathryn, Ursula Morrissey is a member of St Albans Academy Trust., Sl Michael's.. Ursula Morrissey and Maire Lynch are members of Sl Michael's Trustee Board 3. Involvement in key appointments- Heads. deputles, assistant heads, heads of Rellglous Education, senior pastoral roles and chaplains Role Previous role Internall External external Trust Board Rep M. Lynch Altrincham Assistsnl head Page 3

LORETO EDUCATION TRUST IA COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 4. The Future of the Loreto Education Office.. The LEO was appointed and outcomes from the annual LEO report were shared with the Provin Leader and the Board Discussed the impact of Merger between IBVM and CJ congregations. 5. Communication with schools and college and external bodies Chair signed off on the Land and Building Data Collection for St Albans and Altrincham. Remained aware of the options re academisation for our schools. Chair and Maureen Mee are members the executive committee of National Association of Religious Order Schools IROEI. The Gaudele Trust for the schools of participating Religious Orders has been established, and Maureen Mee is a Director. This trust is a CIO and has PJP status in the eyes of the Church. At the moment there are 18 schools in the Trust from 5 Religious Orders. The Laetare CMAT has been established for any Religious Order schools whose Trustees and Governors wish them lo join. Initially there is a North West hub and in following years il will include a South East one. Oui LEO is a director of the Irusl. SM Patricia is Chair of ROE Charism Group and, with them, has organised and delivered a series of Webinar Training mainly for new Senior Leaders in Religious Order Schools, for Governors and also for Chaplains She has worked with the Philip Robinson who is the lead for CES on Diocesan Inspections so that cognisance is taken of the distinctive character and Charism of Religious Order Schools when they are being inspected. 6. Developed, monitored and supported the implementation of the "Vision, Values and Philosophy" statement and any other overarching statements relating to mission Considered Mary Ward Reviews for academic year and made a response lo each Chair of Governors. Considered data summary from each institution and made a response lo each Chair of Governors. Continued providing a Short reflective training for Governors jointly on theme of the year led by Sr Jen and Sr Bernadette Page 4

LORETO EDUCATION TRUST IA COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 7. Developed, monitored and supported the implementation of the "Vision, Values and Phllosophy" statement and any other overarching statements relating to mission Considered Mary Ward Reviews for academic year and made a response to each Chair of Governors. Considered data summary trom each institution and made a response lo each Chair of Governors. Continued having a short reflective training for Governors jointly on theme of the year led by Sr Jen and Sr Bernadette 8. Requlred reports from any relevant group in order to monitor and support the achievement of its main purpose Received, considered and responded to the Outstanding Ofsted Report for Sl Albans . Continued the work of the Extraordinary monitoring Group supporting Loreto Chorfton Financial review Total income for the year was £36,00012024'. £11,189). Income is received from donations from fi've schools, Costs totalling £31,48212024'. £6,240) have been incurred during the year. Financial concern for the sustainability of the Lorelo Education Office was considered during the financial year as it is not sustainable to continue this on a volLJntary basis indefinitely. The trustees consider the assets of the charity are adequate lo fulfil the obligations of the charity only whilst members of the Education Office continue lo work on a voluntary basis. This is being addressed by the Provincial Council. Reserves policy Al 31 August 2025 the charity was holding £115,31012024." £110,792) in unrestricted reserves. This is to be held as a contingency fund lo meet any shortfall in future operations and support the future sustsinability of the Irusl. The Tiuslees also plan lo expand the work of the Trust by producing new publications and providing more training in the following period. Funds may be needed for this investment ahead of receiving income from the schools and colleges., the balance held in unreslricled reserves will also be utilised, therefore, for cash-flow management purposes. Page S

LORETO EDUCATION TRUST (ACOMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Plan5 for fvturp porlods Golng fofward, the trust has plans as lollows., Conslderfng any polential Ac8demis*ion opllons as these aris•. Considertng elwulrfes f rom other schools and Colleg￿ forjoint working. Tralning for Govemors. Trairlno for New Senior L8ad8rs. Succession planning for Le3deTrhlp. Conslder further publicatlDns', Leadership, Curriculum 8nd Student Support. Cull8tidratioll8.' Maur8èn Mee and SM Patricia are Ex￿￿tiV• m•mb8rs of national Associatlon ol R81iglous Ordprs in Education. M8ufeBn Mee is to be Trustè& of Gaudete Twst established through ROE Ursula Morriss 18 a member of the Association. SM Paldcis has been nomlnaled 8s M8mber of National DIDces Schools Commlssioners. Meetings as represenllng Rellglou5 Orders in Educalior through olflw of Catholic Fducallon Servicé. SM Patricia as Chalr of LET on CES Natiollal Worting Group for Diocese5 wjrking with Religlous Order Schools (not met BgBln thls yaarl This report h88 been prepared in 8ccordBnce wlh th8 provlsiorhry applic¢ble lo companies entitled l) the smal companies, oxemplion in the Cornpanies Act 2006. This report W85 approved by th8 Trustegs on May 2026 and signed tsn Its behalf by Mary Lynch - Trusttte P8ge 6

LORETO EDUCATION TRUST IA COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT} FOR THE YEAR ENDED 31 AUGUST 2025 Unrestricted Unrestricted 2025 2024 Note Income from: Donations and legacies 36,000 11,000 Other 189 Total income 36,000 11,189 Expenditure on: Charitable activities 131,4821 16,2401 Total expenditure 131,4821 16,2401 Net income I movement in funds 4.518 4,949 Total fvjnds brought foNard 110.792 105,843 Total funds carried forward 115.310 110,792 All income and expenditure derive from continuing aclivilies. The statement of financial activities includes all gains and losses recognised during the year. Page 7

LORETO EDUCATION TRUST (A COMPANY LIMrrED BY GUARANTEE) BALANCE SHEET AS AT 31 AUGUST 2025 Unrestrided Unrestricted 2025 2024 Current aSS8ts Debtors Cash at bank 115,550 111.050 115,550 111,050 rndltors- &tnounts falling due wlthin one yvgr (2581 Net agset¥ 115,310 110,792 Repr￿anted by: Unrgstrleied funds - General 111310 110,792 For lh¥ yow gD.dlry 31 Augusl 202& th& company ènlitleES to exgmptsofrom.audll seolion 477 of Ik CDmpanies Act 2D06 relating to small companie6. The InJst8ès1dlreolor8 ackrK)wledge Ihelr rtsponslbllllies for ¢tsrnplylng ¥￿th the r8qulremenls of thg Act with respect to accouming records and the prèparallon of flnanclal slalements. The mgmbars have not raqulrod tha company to oblaln an audit of its Ilnaneial statomonts fortha year In queBtion in accordance ilh 5ectlorb 476. The5E financial 5iatemenls have b•Bn prepared in accordance wth the provisions appllcable lo eornpanie5 subject to the small companies, regime. Ihe finantslal statements wwp approved and aulh0ri6ed for issue by the board on K* May 2026 Signeu on E)enaif oi Lne board 01 truste08 Mary Lynch - Trustso Company Reglstr8tlon Numbor: 07992044 Th8 notes on pages g to P8ge 12 IoTrn P8rt of these financial $t8lement5. Page 8

LORETO EDUCATION TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025 Accounting policles General information and basis of preparation Loreto Education Trust is a Company limited by guarantee, incorporated in England and Wales, and does not have share capital. The liability of the Members is limited and is not lo exceed £1 per member. The address of the registered office is given in the charity information on page 1 of these financial ststements. The nature of the charity's operations and principal activities are included within the Trustees, Report. The charity constitutes a public benefit èntity as defined by FRS 102. The financial slalements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021, the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Practice The financial statements are prepared on a going concern basis under the historical cost convention. The financial slalemenls are prepared in sterling which is the functional currency of the charity. The significant accounting policies applied in the preparation of these financial statements are sel out below. These policies have been consislenlly applied to alb years presented unless othèrwise staled. Funds Unrestricted funds are availabSe for use al the discretion of the Iruslees in furtherance of the general objectives of the charity and which have not been designated lor other purposes. Income recognition All incoming resources are included in the Statement of Financial Activities when the charity is legally enlilled lo thè income after any performance conditions have been met, the amount can bè measured reliably and it is probable that the income will be received. For donations to be recognised the charity will have been notified of the amounts and the selllement date in writing. If there are conditions attached to the donation and this requires a level of performance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfilmenl of those conditions is within the control of the charity and it is probable that they will be fulfi'lled. Expenditure recognltlon All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the selllementwill be required and the amount of the ob5igation can be measured reliably. All expenditure has been categorised as expenditure on charitable activities and includes support costs incurred. Irrecoverable VAT is Charged as an expense against the activity for which expenditure arose. Page 9

LORETO EDUCATION TRUST {A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025 Accounting policies Icontinuedl Debtors and creditors receivablelpayable wlthln one year Debtors and creditors with no slated interest rale and receivable or payable within one year are recorded al transaction price. Any losses arising from impairment are recognised in expenditure. Financlal instruments Financial instruments are classified and accounted for. according lo the substance of the contractual arrangements, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest of the charity after deducting all of its liabilities. Tax The charity is an exempl charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore il mee15 the definition of a charitable company for UK corporation tax purposes. Going concern The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have conSide￿d the level of funds held and the expected level of income and expenditure for at least 12 months from aulhorising these financial slalemenls. The budgeted income and expenditure is sufficient with the lèvel of reserves for the charity to be able to continue as a going concem. Judgements and key sources of estimatlon uncertainty There have been no significant judgements made in the process of preparing the financial stalemenls. There have been no key assumptions concerning the future and other key sources of estimation uncertainly al the reporting dale that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year. Page 10

LORETO EDUCATION TRUST {A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025 Donatlons and legacies Unrestricted 2025 Unrestricted 2024 Education Trust Levies 36,000 11,000 Other 189 36.000 11,189 Charitable activitles Unrestricted 2025 Unrestricted 2024 Accountancy and Other Fees 204 222 Trustees, Meetings and secretarial costs 2.278 6,018 Charitable Activities 29,000 31,482 6,240 Support costs of the charity are entirely allocated lo charitable activities. Trustees, and key management personnel remuneration and expenses The trustees neither received nor waived any remuneration during the year12024.' £nill. The lolal amount of employee benefits received by key management personnel is £nil12024." £nill. The charity considers its key management personnel to be the trustees. Travel expenses totalling £nil12024 £nill were reimbursed to trustees during the year. Debtors 2025 2024 Other debtors Page11

LORETO EDUCATION TRUST (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2025 Credltors: amounts falllng due within one year 2025 2024 Accrued expenses 240 258 Fund5 2025 2024 Unrestricted Unrestricted Total Total Balance at beginning of period 110.792 105,843 Nel income 4,518 4,949 Balance at end of period 115.310 110,792 Unrestricted fund This comprises the funds which the trustees are free to use in accordance with the charitable objects. Related party transactions Transactions and balances with associated schools are as follows.. 2025 Income 2025 Debtor 2024 Income 2024 Debtor Lorelo Grammar School 2,000 2,000 2,000 3.000 2,000 2,000 2,000 Loreto College 1st Albansl Loreto High School Lorelo Vl Form College St Michael's Catholic Grammar School 3,000 2,000 2.000 Page 12

LORETO EDUCATION TRUST COMPANY LIMITED BY GUARANTEE

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF LORETO EDUCATION TRUST

FOR THE YEAR ENDED 31 AUGUST 2025

I report on the accounts of the company for the year ended 31 August 2025 which are set out on pages 7 to 12.

Responsibilities and basis of report

As the charity Trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Jack Steer BA (Hons) FCA

MHA Chartered Accountants 14 Mannin Way Lancaster Business Park Lancaster LA1 3SW

29[th] May 2026