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 exgmptso*from.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