OUR LADY'S CONVENT SCHOOL

Charity number: 1110802
Removed charity

Charity overview

Activities - how the charity spends its money

On 1st September 2015 Our Lady's Convent School (OLCS) merged with Loughborough Endowed Schools (LES) to become the fourth school in the Foundation. The assets and liabilities of OLCS were transferred to LES. OLCS continues as an Independent Day School founded on Catholic principles and accepts students from all faiths and denominations. We are co-educational from 3 to 11, girls only in Seniors.

Income and expenditure

Data for financial year ending 31 August 2015

Total income:
£2,551,617

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Donations and legacies £84.84k
Charitable activities £2.44m
Other trading activities £25.49k
Investments £3.16k
Other £0

Total expenditure:
£3,850,894

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Raising funds £0
Charitable activities £2.78m
Other £1.06m

£0 investments gains (losses)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

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Raising funds and other expenditure £1.07m
Charitable expenditure £2.78m

Fundraising

This charity does not raise funds from the public

Trading

This charity does not have any trading subsidiaries.

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • Education/training
Who the charity helps:
  • Children/young People
How the charity helps:
  • Provides Buildings/facilities/open Space
  • Provides Services
Where the charity operates:
  • Leicestershire

Governance

Registration history:
  • 10 August 2005: Standard registration
  • 01 February 2017: Removed (Amalgamated)
  • 01 February 2017: Funds transferred to 1081765 LOUGHBOROUGH SCHOOLS FOUNDATION
Organisation type:
Charitable company
Other names:
  • THE SISTERS OF PROVIDENCE (ROSMINIAN) (Previous name)
Gift aid:
No information available
Other regulators:
No information available
Policies:
No policies declared
Land and property:
No information available

Financial history

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Financial period end date

Income / Expenditure 31/08/2011 31/08/2012 31/08/2013 31/08/2014 31/08/2015
Total gross income £3.19m £3.21m £2.94m £2.66m £2.55m
Total expenditure £3.03m £2.91m £2.87m £2.62m £3.85m
Income from government contracts N/A N/A N/A N/A £0
Income from government grants N/A N/A N/A N/A £0
Income - Donations and legacies £85.14k £90.08k £82.94k £104.56k £84.84k
Income - Other trading activities £19.25k £0 £39.71k £12.85k £25.49k
Income - Charitable activities £3.07m £3.09m £2.81m £2.54m £2.44m
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £11.41k £848 £1.54k £1.31k £3.16k
Income - Other £0 £30.19k £0 £0 £0
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £3.02m £2.90m £2.84m £2.61m £2.78m
Expenditure - Raising funds N/A N/A N/A N/A N/A
Expenditure - Governance £9.13k £8.64k £9.02k £7.80k £7.60k
Expenditure - Grants institution £0 £0 £0 £0 £0
Expenditure - Investment management £0 £0 £0 £0 £0
Expenditure - Other £0 £9.55k £0 £0 £1.06m

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/08/2011 31/08/2012 31/08/2013 31/08/2014 31/08/2015
Own use assets £560.82k £564.81k £510.30k £498.79k £0
Long-term investments £0 £0 £0 £0 £0
Other assets £1.51m £961.05k £1.09m £1.14m £0
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £1.17m £338.26k £341.92k £339.22k £0

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 August 2016 Not submitted
Accounts and TAR 31 August 2016 Not submitted
Annual return 31 August 2015 30 June 2016 On Time
Accounts and TAR 31 August 2015 09 March 2016 On Time
Annual return 31 August 2014 12 June 2015 On Time
Accounts and TAR 31 August 2014 12 May 2015 On Time
Annual return 31 August 2013 13 June 2014 On Time
Accounts and TAR 31 August 2013 28 April 2014 On Time

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES OF ASSOCIATION INCORPORATED 11 JULY 2005 AS AMENDED BY SPECIAL RESOLUTION DATED 9 FEBRUARY 2009 AND SPECIAL RESOLUTION DATED 1 SEPTEMBER 2009

Area of benefit

The area the charity can operate in, as set out in its governing document.

NOT DEFINED. IN PRACTICE. LEICESTERSHIRE.