LOUIS LAFOSSE EDUCATIONAL CIO
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure of £712 for the year, resulting in total funds of £101,812. Free reserves stood at £74,812, which the trustees confirmed exceeds their stated policy target of approximately one year's ongoing expenditure less guaranteed rental income. The auditor confirmed the use of the going concern basis with no material uncertainties identified.
What the accounts disclose
“The trustees consider that, the level of free reserves should be equivalent to approximately one year’s on-going expenditure, less guaranteed rental income receivable from the Farnborough Hill Trust.”
“The charity has made donations totalling £130,000 (2023 – £142,714) to The Farnborough Hill Trust, a charitable company, where Sister Elizabeth McCormack, Sister Rosemary O’Looney, Sister Cara Nagle and Mrs Sarah Buckle, trustees of the charity, are members of that company. These donations were made for the purpose of the advancement of education of children at the school. During the year, the charity received rental income from the Farnborough Hill Trust of £70,000 (2023 — £70,000) (note 2). No amounts were due at the year end (2023 – none).” — page 21
Trustees
- Sarah Bucklechair
- ANTHONY JOHN WOOLSTON CDIPAF
- Dawn O'Leary
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £255k | £256k |
| 31/07/2024 | £135k | £136k |
| 31/07/2023 | £149k | £148k |
| 31/07/2022 | £241k | £170k |
| 31/07/2021 | £130k | £133k |
Common questions
Is LOUIS LAFOSSE EDUCATIONAL CIO financially healthy?
The accounts state that the charity reported a net expenditure of £712 for the year, resulting in total funds of £101,812. Free reserves stood at £74,812, which the trustees confirmed exceeds their stated policy target of approximately one year's ongoing expenditure less guaranteed rental income. The auditor confirmed the use of the going concern basis with no material uncertainties identified. Its FY2024 accounts were audited by Buzzacott LLP.
Who funds LOUIS LAFOSSE EDUCATIONAL CIO?
Funders whose own accounts filings name LOUIS LAFOSSE EDUCATIONAL CIO as a grant recipient include SISTERS OF CHRISTIAN EDUCATION CIO.
Shared trustees with funders
- ANTHONY JOHN WOOLSTON CDIPAF — trustee here and at SISTERS OF CHRISTIAN EDUCATION CIO
Known funders
| Funder | Year | Amount |
|---|---|---|
| SISTERS OF CHRISTIAN EDUCATION CIO | FY2024 | £65k |
| SISTERS OF CHRISTIAN EDUCATION CIO | FY2023 | £65k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE AUSTIN BAILEY FOUNDATION | 1 | £1k |