Registered number: 2681512
Charity number: 1014651
ST CATHERINE'S SCHOOL TWICKENHAM
(A company limited by guarantee)
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

ST CATHERINE'S SCHOOL TWICKENHAM
(A company limited by guarantee)
CONTENTS
Page
Reference and administrative details of the Company, its Governors and advisers
Trustees, report
Independent auditors. report on the financial statements
Statemenl of flnancial activities
3-11
12-15
16
Balance sheet
17
Statement of cash flows
18
Notes to the financial statements
19-38

ST CATHERINE'S SCHOOL TWICKENHAM
{A company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS GOVERNORS AND ADVISERS
FOR THE YEAR ENDED 31 AUGUST 2024
Governors
Ms S Hamillon, Chair of Govemors
Mrs H Campbell
Mrs G Costello (resigned 31 August 2024)
Dr D Coughlan
Mr M Edwards
Mr A Esguevillas Lete
Mrs E Morris
Mr J Richards
Ms V Mast (appointed 1 September 2024)
Ms R Toner (appointed 1 November 2024)
Company registered number
2681512
Charity registered number
1014651
Registered office
Cross Deep
Twickenham
Middlesex
TW14QJ
Senior staff
Headmistress.. Mrs J McPherson BA (Hons), DipED. MA
Bursar, Clerk to the Governors and Company Secretary.. Jonathan Hughes BA (Hons), FCA
Senior Deputy Head.. Mrs A Saunders MA (Cantab). PGDL, QTS
Head of Prep.. Ms C Sharps BA (Hons)- from 1 January 2024
Head of Sixth Form.. Mr C Stringer BA MA
Deputy Head Academic.. Mrs J Hennis Rowe, BA (Hons). MA, PGCE
Deputy Head Pastoral: Mrs L Eagers, Bsc (Dunelm), MEd (Cantab), PGCE (Cantab}
Pag8 1

ST CATHERINE'S SCHOOL TWICKENHAM
(A company limited by guarantee>
REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS GOVERNORS AND ADVISERS
(CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Independent auditors
Feltons
Chartered Accountants
1 The Green
Richmond
Surrey
TW91PL
Bankers
National Westminster Bank plc
25 King Street
Twickenham
TW13SU
Solicitors
Veale Wasbrough Vizards
Orchard Court
Orchard Lane
Bristol
BS15WS
Pension Advisors
Barnett Waddington LLP
2 London Wall Place
London
EC2Y SAU
Insurance Brokers
Marsh Ltd
4 Milton Road
Haywards Heath
West Sussex
RH16 1AH
Page 2

ST CATHERINE'S SCHOOL TWICKENHAM
{A company limited by guarantee)
GOVERNORS, REPORT
FOR THE YEAR ENDED 31 AUGUST 2024
The Governors (who are also directors of the charity for the purposes of the Companies Act} presenl their annual
report togelher with the audited financial statements of the Company for the period 1 September 2023 to 31
August 2024. The Annual report serves the purposes of both a Trustees. report and a directors, report under
company law.
The Trustees confirm that the Annual report and financial stalemenls of the charitable company comply with the
current statutory requirements, the requirements of the charitable companys governing document and the
provisions of the Statement of Recommended Practice (SORPI applicable to charities preparing their accounts
in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102)
{effective 1 January 2019).
Structure, governance and management
Constitution
St Catherine's School Twickenham was founded in 1914. On 27 January 1992 it was incorporated as a
charitable company, limited by guarantee, registered in England and Wales under company number 2681512
and charity number 1014651. The governing document is the Memorandum and Articles of Association dated 7
December 2009.
b. Organisational structure and decision-making policies
Under the Memorandum and Articles of Association, the Governors are the members and the Directors of the
Company. Under clause 4 of the Articles of Association, the Board of Governors consists of not less than four
and not more than fifteen individuals. All Governors are eligible for re election. The Governors who served during
the year end and since are shown on page 1 of these financial ststements.
The Governing Body is legally responsible for the overall management and control of the School and meets at
least three times per year. The Governing Body delegates to Committees the duties specified under the name of
each Committee and may, as they see fit, refer other matters to them respectively from time to time. The current
Committees of the Governing Body are as follows:
Finance, Premises and General Purposes
Education
Safeguarding
Health and Safety
In the opinion of the Board of Governors there is no individual able to exercise significant control over the
company, in accordance with the Companies Act 2006.
The day to day running of the School is delegated to the employees who are considered to be key management
personnel, being the Headmistress and the Bursar and Clerk to the Governors, supported by other members of
the Senior Management Team, being the Senior Deputy Head, the Head of Prep, the Head of Sixth Form, the
Deputy Head {Academic) and the Deputy Head (Pastoral)-
The remuneration of key management personnel is set by the Board. The appropriateness and relevance of the
remuneration policy is reviewed annually including reference to comparisons with other independent schools to
ensure that the School remains sensitive to the broader issues of pay and employment conditions elsewhere.
Delivery of the Company's charitable vision and purpose is primarily dependent on our key management
personnel and staff costs are the largest single element of our charitable expenditure.
Page 3

ST CATHERINE'S SCHOOL TWICKENHAM
(A company limited by guarantee>
GOVERNORS, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Structure, governance and management {continued)
c. Methods of appointment or election of Governors
The Charity's elected Governors are appointed at a meeting of the Board on the basis of nominations received
from existing Governors and the Headmistress to the Board's specifications concerning eligibility, personal
competence, range of specialist skills and local availability.
d. Policies adopted for the induction and training of governors
New Governors are inducted into the workings of the School, including Board policy and procedures, through an
informal induction programme, including visits to the School, meetings with senior staff and the provision of
information relevant to being a Governor and Trustee. Training, seminars and conferences are available to all
Governors to enable them to keep abreast of developments affecting the School and the independenl school
sector.
Objectives and activities
a. Policies
Charitable Objects
The objects of the Charity, in accordance with its Memorandum and Articles of Association, are the
advancement of education generally and, in particular, the provision and conduct of an independent Catholic day
school for girls, who are educated from the age of five up to the age of eighteen. In the furtherance of this Object
the Governors, as the charity trustees, have complied with the duty in section 4 of the Charities Act 2011 to have
due regard to the Charity Commission's published general and relevant sub sector guidance concerning the
operation of the Public Benefit requirement under that Act.
In meeting these objects, the School's aim is to be a place where girls of all faiths are helped to achieve their
personal best and to be part of a friendly and welcoming community. Our goal is to be a school that lives the
Gospel values, promotes the dignity of every individual and is committed to inspire all pupils to achieve academic
excellence. The spiritual, moral, social and cultural development of pupils is supported through Ihe faith life of
the School, which is welcoming and focused on building self worth and belonging. We actively promote the
fundamental British values of democracy, the rule of law, individual liberty, free speech and mutual respect and
tolerance of those with different faiths and beliefs. The School's goal is also achieved through a wide range of
opportunities for all pupils preparing them for the challenges of adult life and helping them to understand and
fulfil their responsibilities to self, family and the wider community.
Public benefit aim
The School's public benefit aim includes its admissions policy, to widen access by assisting students from lower
income, or otherwise disadvantaged families, to benefit from a St Catherine's education. It is a requirement that
applicants are in sympathy with the Catholic ethos of the School, and selection procedures are also accessible to
all applicants regardless of ethnicity, disability or background. We aim to provide the highest quality of academic
tuition and to develop the provision of a wide range of opportunities for all pupils, irrespective of their means,
faith or cultural background. The School also makes its facilities available to the wider local community.
The School's public benefit aim also includes being a valued and responsible member of the community, through
building strong mutually beneficial relationships with other schools and community organisalions.
Page 4

ST CATHERINE'S SCHOOL TWICKENHAM
(A company limited by guarantee)
GOVERNORS, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Objectives and activities (continued)
The Board's main objectives are
li} to educate pupils lo high levels of personal and academic achievement
lil) to further develop marketing strategies to increase pupil retention and recruitment
lili) to further improve communication, both within the School and to external parties
{iv) to continue to improve the fabric of the School, its facilities and resources
In setting objectives and planning for activities, the Governors have given due consideration to general guidance
published by the Charity Commission relating to public benefit. including the guidance 'Public benefit: running a
charity {P82)'.
b. Strategies for achieving objectives
li) Staffing: to maintain the existing high teacherlpupil ratio., to appoint new teaching staff, including staff to
support the slrenglh of the School's mission and ethos, together with additional admin roles to support HR,
Marketing, IT and other roles.,
ii) Pupils.. to continue to monitor and develop pupils who have been identified as Able, Gifted & Talented. to
develop schemes of work throughout Key Stages 3, 4 and 5,. to cater for GCSE and A Level exams., to continue
to develop the new reporting structures; to continue to develop co-curricular provision, and to focus on well being
and self worth,. to further support pupils through university applications processes., to continue to develop senior
and middle management skills, so as to better enable department and pupil progress,. to continue to develop the
Careers programme.,
iii) Marketing.. to continue to develop marketing materials, and promote a strong and attractive image of the
School through the website and social media., to use analysis about the admissions process to improve pupil
recruitment; to further develop and maintain effective communication with prospective parents; to conlinue to
raise the School's profile externally through participation in external events and competitions,. to continue to
market departmental and whole school successes, including via social media- to monitor and improve transition
from Prep to Senior School., to continue to invest in Prep so as to strengthen the Year 3-6 model.
iv) Communication.. to improve the School website. to ensure all necessary information is readily available on the
website,. to further develop and improve communications with current parents., to build on the new opportunities
afforded by the implementation of the School's platforms, ISAMS and My School Portal,.
v) Community.. to continue to make the School's facilities available to Ihe local community, including with St
Mary's University and the Diocese of Westminster,. to further develop the regular community newsletter- to
further develop links with local primary schools both in the state and independent sectors., to improve the site,
including teaching and sporting facilities,. to use the new Creative Hub to enable community links.
c. Activities undertaken to achieve objectives
The Charity principally provides education in the Royal Borough of Richmond for girls from the ages of five to
eighteen. This year tho school's student population averaged 404 pupils {2023.' 438), of whom 32512023.. 357)
were in the Senior School.
Page 5

ST CATHERINE'S SCHOOL TWICKENHAM
(A company limited by guarantee)
GOVERNORS. REPORT {CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Strategic report
Achievements and performance
a. Review of activitles and factors relevant to achieve objectives
Operational performance of the school
This was another strong year for GCSE results at St Catherine's.
GCSE results were outstanding with a value added score of approximately 1.
42 % (2023.. 36 % ) of pupils achieved grades 9-8,
63 % 12023.. 56 % ) achieved 9-7 and
81 % (2023.. 76 % ) achieved grades 9-6
It was a highly successful year for St Catherine's A Level pupils which was matched with a very strong range of
university destinations, with the majority of the year group winning places at Russell Group institutions..
45 % (2023- 42 % ) of the grades were A. A. 720/0 (2023: 78°/.) of the grades were A. B,. 18V/o (2023: 110/0) of the
grades were A".
The School has enjoyed more success with academic competitions, including a Year 9 pupil winning the
Independent School Mathematician of the Year. Two pupils won the ISA National Championship for Key Stage 3
debating, and St Catherine's pupils placed first and second in the Year 9 ISA STEAM competition. There were
also successes in competitions for English (first place in the Key Stage 2 Shakespeare monologue), Medicine
and Film & Animation.
Pupils have continued to enjoy a wide range of co curricular activities. Improvements to the Swimming Pool
{including seating and flooring) and work to improve the playing fields have enhanced the PE and Games
environment. Additional staff have also been hired to improve the overall sporting provision and there has been
an increased number of fixtures across all sports.
Our pupils continue to excel at sport, winning medals internally. locally and nationally. Assembly celebrations
regularly include praise for outstanding achievement. We continue to have considerable success in athletics,
gymnastics, swimming and rowing in particular. Notable achievements included both Prep and Senior reaching
the ISA Athletics national finals. A Year 8 pupil won the National Junior Indoor Rowing Championships. Several
pupils represent the region, country or nation in their sport.
The Duke of Edinburgh's Award Scheme remains very popular with Senior School pupils and numbers
participating at Bronze, Silver and Gold levels are strong.
Our musicians have had great success in their Associated Board exams, and drama pupils achieve high LAMDA
grades. The drama productions were also great successes, as were the choir concerts, and a pupil cast and
crew from the School perform at the Edinburgh Fringe every two years. A Year 4 pupil reached Ihe final of the
ISA Music competition, and St Catherine's placed first for the flute ensemble at the ISA Band Competition.
Facilities
During the Summer of 2024 a comprehensive refurbishment of much of the site was completed. All main
buildings were repainted and carpets were laid across much of the senior school. Upgrades to Ihe playing fields
and the swimming pool will enable higher usage of these key sporting assets.
Significant upgrades to IT infrastructure, network and security are ongoing. A refurbished ICT suite was
completed over the Summer including Apple technology to provide best in class teaching and learning.
Page 6

ST CATHERINE'S SCHOOL TWICKENHAM
{A company limited by guarantee)
GOVERNORS. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Strategic report {continued)
Achievements and performance (continued}
Other notable improvements include the reconfiguralion of internal offices, a new medical room. curtains for the
Main Hall and other targeted improvements across a number of other areas.
In September 2024 St Catherine's took over the St James Parish Hall, which is now known as The Creative Hub.
The Hub provides dedicated textiles and drama I performing space for the benefit of the School and the local
community.
Public Benefit
Through the School's Public Benefit activity, St Catherine's aims to be a valued member of the community,
sustaining strong relationships with local maintained schools and other civic bodies. Additionally, the School
encourages our pupils in their altruistic activities, supporting local, national and international initiatives for the
wider good. The School is pleased to make facilities available (including the swimming pool,the Hall and the
'Creative Hub,) to other school and community groups.
Public Service by Staff:
Several members of staff have governing roles in maintained primary and senior schools. Other staff contribute
to the community in roles within their churches and other volunteer groups, including a staff member who serves
as chair of a group supporting refugees in Ihe community through a local organisation Refugees Welcome in
Richmond, and another who serves as a Deputy Commissioner within the Scouts.
Links with Local Maintained Schools and Community Groups:
St Catherine's continues to forge links with the wider community. We have maintained our very good relationship
with St Marfs University. including support for trainee teachers, and attendance at weekly Mass, where pupils
read and sing for the congregation,. local parishioners are also invited to attend feast day Masses at St
Catherine's and are invited to enjoy a Christmas lunch with the Prep and Sixth Form girls.
During 2024 St Catherine's invited over 200 local state and independenl Sixth Form pupils to attend an all day
event 'Life Beyond School, al St Catherine's.
Wo have further developed strong links with St James, Catholic Primary School, including liaison about
inspection preparation and a secondment from St Catherine's, whereby we are now pleased to provide a part
time Chaplain. We also support the Twickenham Choral Society with subsidised access to our facilities and
through financial donations to support specific programmes of events in the local community. Staff are also
working on projects to widen music partnership with the maintained sector.
Links with local groups include the School's commitment to charity. St Catherine's pupils work hard to support
number of organisations, including the Richmond Christmas Dinner Fund, Mary's Meals and Justice Defenders.
The Creativo Hub has enabled more links to be established with the community, including the St James Parish
Youth Group.
The School also has links with Pope's Grotto PreseNation Trust. The Headmistress sits on the board and we
help the objectives of the Trust by opening up the School to host visits to the Grotto.
Page 7

ST CATHERINE'S SCHOOL TWICKENHAM
(A company limited by guarantee)
GOVERNORS. REPORT {CONTINUED}
FOR THE YEAR ENDED 31 AUGUST 2024
Strategic report (continued)
Achievements and performance (continued)
Facilities..
We continue to make our School facilities available, either free of charge or at subsidised rates, to local and
other charitable groups within and outside school hours. The School remains cornmitted to working with other
schools in the area, both independent and state, to support and enhance pupils, educational experience.
Examples of such support include providing resources and support lo a number of local maintained schools,
making our swimming pool and vehicles available to schools either free of charge or at subsidised rates and
providing officials for various County Sporting events, like netball and cross country championships.
Bursary Support..
We continue to offer means tested bursaries, increasing access to families who would not otherwise be able to
send their daughters to the school. During this academic year 28 (2023.. 36) pupils have benefited from our
Bursaries programme.
The spiritual life of the School
The spiritual life of the School is an important part of each day at St Catherine's. Whole School, Senior, Prep and
House Assemblies all include prayer and worship. The Chaplaincy have especially importanl roles, supporting
the programme for Mass and liturgies, running retreats and working with other staff to support pupil faith
formation and wellbeing.
Throughout the year Mass was celebrated al the School on Holy Days of obligation and special feast days. St
Catherine's Day at the end of the Summer Temi is an established school event, and includes a Mass for the
whole community. A rota enables pupils from each Year Group to attend the Parish Mass on Tuesdays at St
Mary's University.
Several pupils in the Senior School received the Sacrament of Confirmation, and many Prep girls received their
first Holy Communion. Members of staff attended the Masses to share in the celebrations with the girls.
The School Travel Plan
The School's Travel Plan has been awarded Gold level accreditation with STARS, a national scheme which has
the objectives of promoling active travel to school. reducing congestion and improving safety around schools.
b. Going concern
After making appropriate enquiries, the govemors have a reasonable expectation that the School has adequate
resources to continue in operational existence for the foreseeable future. For this reason, Ihey continue lo adopt
the going concern basis in preparing the financial statements. Further details regarding the adoption of the going
concern basis can be found in the Accounting Policies.
c. Fundraising initiatives and performance
The School is beginning a formal appeal for the Music and Art building,. the Summer Ball will be the first major
fundraiser. The Friends of St Catherine's {FOSCI supports initiatives, funding Prep equipment, pupil talks, sports
equipment and academic resources in order to enhance pupil provision and experience.
Page 8

ST CATHERINE'S SCHOOL TWICKENHAM
(A company limited by guarantee)
GOVERNORS. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Strategic report (continued)
Financial and risk management objectives and policies
Financial review
The School's financial position is secure, with reserves increased from year to year with a positive cash flow for
the year from operations. At the year end fixed deposits and bank balances amounted to £5,282k, a increase of
£973k over tho previous year. During the year, bank loan repayments wore made of £50k (2023 £240k) and
fixed asset purchases were made of £424k (2023 . £123k).
The total income for the year was 4.60/0 higher than last year (2023.. 6.6 /0 higher). Within that figure, gross fee
income was 4.7°/o higher than the previous year (2023: 2.4 % higher). Tuition fees, net of bursary, scholarship
awards and other reductions, were 4.6 % higher than last year {2023- 3.10/0 higher). Bursary awards of £286k
{2023 - £316k) were made as part of discounts during the year. School Activities Income was £29k lower12023
£236k higher).
On the expenditure side, the cost of raising funds (bank loan interest and rate cap premium} was £62k higher
{2023 £63k higher} than last year. Charitable activities expenditure was net 4.10/0 higher than last year12023:
5.96 % higher)- This was mainly due to higher staff salaries, an increase in resource provision, and higher
employer pension contributions to the teachers pensions schemes, largely due to the significant 74 % increase in
the Teachers Pension Scheme employer contribution rate bef￿een September 2019 and April 2024. A pensions
consultation during the financial year has now capped the School's exposure to further rate increases. Net
income for the year was 38.2°/o lower than last year at £28,941 {2023: £46,846). This net income has resulted in
a return on net tuition fees of 0.4°/. (2023.. 0.80/01. The net income for the year of £28,941 has increased the
unrestricted reseNes to £8.975,631.
b. Reserves policy
Governors keep under review the level and nature of the reserve funds of the School. The annual net operating
surplus that is generated is the School's prime source of funding. The accumulation of free reserves is required
to finance working capilal needs together with the ongoing capital expenditure necessary to upgrade the
School's facilities in order to meet the aspirations of the stakeholders of a premier educational establishment.
Al 31 August 2024 there were unrestricted funds of £8,975,631 (2023.. £8,946,690) and tangible fixed assets of
£8,302,289 giving positive free reserves of £673,342. The SORP definition of free reserves excludes the fixed
assets which have been financed by long tem loans which are included within the definition. For the purposes of
short and medium term financial management. the Governors are concerned more with the management of
working capital, and the healthy working capital position is entirely in line with the policy of seeking to maintain
free resources of at least six weeks total income, to cover the eventuality of a material decline in incoming
resources or material unexpected expenditure.
c. Principal risks and uncertainties
The Board of Governors has considered the principal areas of the School's operations and considered the major
risks faced from time to time in each of these areas. Detailed consideration of risk is delegated, as considered
appropriate, to individual members of the Board, its Committees and members of the School Senior
Management Team. Utilising a Risk Management Matrix, risks are identified, assessed as to their likelihood and
potential impact, together with relevant mitigating controls operaled during the year. The above persons monitor
the effectiveness of the systems of internal control and viable means, including insurance cover and appointing
consultants where appropriate, by which those risks already identified can best be mitigated. A formal review of
the risk management process is undertaken by the full Board of Governors on an annual basis.
Page 9

ST CATHERINE'S SCHOOL TWICKENHAM
(A company limited by guarantee)
GOVERNORS. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
The principal risks currently facing the School are any significant fall in pupil numbers, government action
adversely affecting independent schools (including the introduction of VAT on tuition fees from January 2024,
increases to employers National Insurance from April 2025 and the loss of mandatory business rate relief from
April 2025), the potential failure of compliance with statutory or other regulations and significant cost increases.
The general state of the economy will also affect the level and stability of interest rates, which will affect the
ability and inclination of banks to lend, the cost of borrowing and the level of investment returns.
The key controls used by the School to manage risk include:
Detailed terms of reference for all committees
Comprehensive strategic planning, budgeting and management accounting
Established organisational structures and reporting lines
Periodic review of the risk management matrix delegated to Governors, Committees and consolidated by
the Board of Governors
The establishment of dedicated standing committees for Safeguarding
Regular minuted Compliance Meetings, and SEND and Accessibility Meetings attended by SMT and other
relevant staff
Regular Health and Saf@ty reviews of the site, including visits by governors
Rolling review of written School policies
Clear authorisation and approval levels and segregation of duties
Governors annual strategy day and skills assessment
Safeguarding procedures as required by law for the protection of children
d. Fixed assets
The School's tangible assets are all held for use by the School and at the dale of the accounts there is a legal
charge and debenture over them as security for the bank loans. The Governors are confident that the market
value of these assets which are currently in use are in excess of the value reflected in these financial statements.
An independent valuation for secured lending purposes was carried out in 2023 by a firm of Chariered Surveyors
which valued the freehold interest in the property at a market value in its existing use and present condition as a
fully equipped and operational entity, having regard to its trading potential of £11 .3 million.
Material investments policy
The investment powers of the Governors are carried out in accordance with the Memorandum and Articles of
Association. The Governors continue to keep under review the investment risks and rewards in the current
market and the economy. The investment policy is to maximise the total return with a low risk approach, within
the bounds of current financial market conditions. Bearing in mind future emerging development plans, all
available retained funds, other than those required for project and day to day working capital management, are
placed on deposit with competitive reputable banking institutions.
Page 10

ST CATHERINE'S SCHOOL TWICKENHAM
(A company limited by guarantee)
GOVERNORS. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2024
Statement of Trustees. responsibilities
The Governors (who are also the directors of the Company for the purposes of company law) are responsible for
preparing the Trustees, report including the Strategic report and the financial stalements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice).
Company law requires the Govemors to prepare financial statements for each fsnancial year. Under company
law, the Governors must not approve the financial statemonts unless they are satisfied that they give a true and
fair view of the state of affairs of the Company and of its incoming resources and application of resources.
including its income and expenditure, for that period. In preparing these financial statements, the Governor5 are
required to..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles of the Charities SORP {FRS 102}',
make judgments and accounting estimates that are reasonable and prudent.
state whether applicable UK Accounting Standards (FRS 102} have been followed, subject to any material
departures disclosed and explained in the financial statements.
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
Company will conlinue in business.
The Governors are responsible for keeping adequate accounting records that are sufficient to show and explain
the Company's transactions and disclose with reasonable accuracy at any time the financial position of the
Company and enable them to ensure that the financial statements comply with the Companies Act 2006. They
are also responsible for safeguarding the assels of the Company and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
Disclosure of information to auditors
Each of the persons who are Governors at the time when this Trustees, report is approved has confirmed that:
so far as that Trustee is aware, there is no relevant audit information of which the charitls auditors are
unaware, and
that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of
any relevant audit information and to establish that the charity's auditors are aware of that information.
Auditors
The auditors, Feltons, have indicated their willingness to continue in office. The designated Governors will
propose a motion reappointing the auditors at a meeting of the Governors.
Approved by order of the members of the board of Governors on 17 March 2025 and signed on their behalf by:
Sylvia Hamilton
Chair of Governors & Trustee
Page11

ST CATHERINE'S SCHOOL TWICKENHAM
(A company limited by guarantee)
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF ST CATHERINE'S SCHOOL TWICKENHAM
Opinion
We have audited the financial statements of St Catherine's School Twickenham {the 'charitable companl) for
the year ended 31 August 2024 which comprise the Statement of financial activities. the Balance sheet, the
Slatement of cash flows and the related notes, 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 Slandards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable
in the UK and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
give a true and fair view of the state of the charitable company's affairs as at 31 August 2024 and of its
incoming resources and application of resources, including its income and expenditure for the year then
ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordan￿ 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
of the financial statements section of our report. We are independent of the charitable company in accordance
with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom,
including the Financial Reporting Council'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 relatlng to going concern
In auditing the financial statements, we have concluded that the Trustees, use of the going concern basis of
accounting in the preparalion 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 charitable company's ability to
continue as a going concern for a period of at least ￿e1ve 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.
Page 12

ST CATHERINE'S SCHOOL TWICKENHAM
(A company limited by guarantee)
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF ST CATHERINE'S SCHOOL TWICKENHAM
(CONTINUED}
Other information
The other information comprises the information included in the Annual report other than the financial statements
and our Auditors, report thereon. The Trustees are responsible for the other information contained within the
Annual report. 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. 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 course of the audit, or
otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material
misstalements, 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.
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit=
the information given in the Trustees, Report including the Strategic Report for the financial year for which
the financial stalements are prepared is consistent with the financial statements.
the Trustees, Report and the Strategic Report have been prepared in accordance with applicable legal
requirements.
Matters on which we are required to report by exception
Sn the light of our knowledge and understanding of the charitable company and its environment obtained in the
course of the audit, we have not identified material misstatements in the Trustees, Report including the Strategic
Report.
We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires
us to report to you if, in our opinion..
adequate accounting records have not been kept, or returns adequate for our audit have not been
received from branches not visited by us., or
the financial statements are not in agreement with the accounting records and returns., or
certain disclosures of Trustees, remuneration specified by law are not made. or
we have not received all the information and explanations we require for our audit.
Page13

ST CATHERINE'S SCHOOL TWICKENHAM
(A company limited by guarantee)
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF ST CATHERINE'S SCHOOL TWICKENHAM
{CONTINUED)
Responsibilities of trustees
As explained more fully in the Trustees, responsibilities statement, the Trustees (who are also the directors of the
charitable company for the purposes of company law) are responsible for the preparation of the financial
statements and for being satisfied that they 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 charitable company'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 charitable company or to cease
operations, or have no realistic alternative but to do so.
Auditors. responsibilities for the audit of the financial statements
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 an Auditors, report that includes our
opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audil 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.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures
in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities,
including fraud. The extent to which our procedures are capable of detecting irregularitios, including fraud is
detailed below:
We assessed the risk of material misstatement of the financial statements, including the risk of material
misstatement due to fraud and how it might occur, by holding discussions with management and those charged
with governance.
We obtained an understanding of laws and regulations that could reasonably be expected to have a
material effect on the financial statements through discussion with management and those charged with
governance, including financial reporting and taxation legislation. We considered that extent of compliance with
those laws and regulations as part of our procedures on the related financial statement items.
We inquired of management and those charged with governance as lo any known instances of non-
compliance or suspected non-compliance with laws and regulations. We remained alert to any indications of
non-compliance throughout the audit.
We addressed the risk of fraud through management override by feviewing the appropriateness of a sample
of journal entries and other adjustments,. assessing whether the judgements made in making key accounting
estimates are indicative of a potential bias; and evalualing the business rationale of any significant transactions
that are unusual or outside the normal course of business that we come across throughout the audit.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including
those leading to a material misstalement in the financial statements or non-compliance with regulation. This risk
increases the more that compliance with a law or regulation is removed from the events and transactions
reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance.
The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves
intentional concealment, forgery, collusion, omission or misrepresentation.
Page 14

ST CATHERINE'S SCHOOL TWICKENHAM
(A company limited by guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF ST CATHERINE'S SCHOOL TWICKENHAM
(CONTINUED)
A further description of our responsibilities for the audit of the financial statements is located on the Flnancial
Reporting Council's webstte at: www.frc.or
.ukJauditorsres
onsibilities. This description forms part of our
Auditors. report.
Use of our report
This report is made solely to the charitable companvs members, as a bo(ly, in accordance with Chapter 3 of Part
16 of the Companies Acl 2006. Our audit work has been undertaken so that we might state to the charitable
company's members those matters we are required to state to them in an Auditors, report and for no other
purpose. To the fullest extent pemiitted by law, we do not accept or assume responsibility to anyone other than
the charitable company and its members. as a body. for our audit work. for this report, or for the opinions we
have formed.
Richard Rhodes (Senior slatutory auditor)
for and on behalf of
Feltons
Chartered Accountants
Statutory Auditor
1 The Green
Richmond
Surrey
TW91PL
Date:
If131Lr
Page 15

ST CATHERINE'S SCHOOL TWICKENHAM
(A company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT}
FOR THE YEAR ENDED 31 AUGUST 2024
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Note
Income from:
Charitable activities
Lettings income
Investments
7,225,232
99,022
147,122
7,225,232
99,022
147,122
6,993,041
88, 130
62,248
Total income
7,471,376
7,471,376
7,143,419
Expenditure on:
Raising funds
Charitable activities
173,166
7,269,269
173,166
7,269,269
111,298
6,985,275
Total expenditure
7,442,435
7,442,435
7,096,573
Net movement in funds
28,941
28,941
46,846
Reconciliation of funds:
Total funds brought forward
Nel movement in funds
8,946,690
28,941
8,946,690
28,941
8, 899,844
46,846
Total funds carried forward
8,975,631
8,975,631
8,946, 690
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 19 to 38 form part of these financial statements.
Page 16

ST CATHERINE'S SCHOOL TWICKENHAM
{A company limited by guarantee)
REGISTERED NUMBER: 2681512
BALANCE SHEET
AS AT 31 AUGUST 2024
2024
2023
Note
Fixed assets
Tangible assels
13
8,302,289
8,221,072
8,302,289
8,221,072
Current assets
Debtors
14
1,779,405
5,281,872
1, 925,485
4,308,548
Cash at bank and in hand
7.061,277
6, 234,033
Creditors.. amounts falling due within one
year
15
(3,559,334)
(3,115,316)
Net current assets
3,501,943
3,118,717
Total assets less current liabilities
11,804.232
11,339,789
Creditors: amounts falling due after more
than one year
16
(2,828.601)
(2,393,099)
Total net assets
8,975,631
8,946,690
Charity funds
Restricted funds
Unrestricted funds
18
18
8,975,631
8,946,690
Total funds
8,975,631
8,946,690
The Governors acknowledge their responsibilities for complying with the requirements of the Act with respect to
accounting records and preparation of financial statements.
The financial statements were approved and authorised for issue by the Trustees on 17 March 2025 and signed
on their behalf by:
Sylvia Hamilton
Chair of Governors & Trustee
The notes on pages 19 to 38 form part of these financial statements.
Page 17

ST CATHERINE'S SCHOOL TWICKENHAM
(A company limited by guarantee)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 AUGUST 2024
2024
2023
Cash flows from operating activities
Net cash used in operating activities
1,300,998
(187,400)
Cash flows from Investing actlvities
Dividends, interests and rents from investments
Purchase of tangible fixed assets
147,122
62,248
(424,384) (122,818)
Net cash used in investing activitles
(277,262)
{60,570}
Cash flows from financing activities
Repayments of borrowing
(50,412) (240, 135)
Net cash used in financing activities
(50,412) {240,135)
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
973,324
(488,105)
4, 796,653
4,308,548
Cash and cash equivalents at the end of the year
5,281,872
4,308, 548
The notes on pages 19 to 38 form part of these financial statements
Page 18

ST CATHERINE'S SCHOOL TWICKENHAM
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accounting policies
1.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP IFRS 1021
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), the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
St Catherine's School Twickenham meets the definiliors of a public benefit entity under FRS 102.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise
staled in the relevant accounting policy.
The financial statements are prepared in sterling which is the functional currency of the charity and
rounded to the nearest £.
1.2 Company status
The company is a private company limited by guarantee and is registered in England & Wales. The
address of the registered office is Cross Deep, Twickenham, Middlesex, TW14QJ.
The members of the Company are the Governors named on page 1. In the event of the Company
being wound up, the liability in respect of the guarantee is limited to £1 per member of the company.
1.3 Going concern
The financial statements are prepared on a going concern basis.
The governors have a reasonable expectation that the company has adequate resources to continue
in operational existence for the foreseeable future. As a result, they continue to adopt the going
concern basis of accounting in preparing the financial statements.
1.4 Income
All income is recognised once the Company has entitlement to the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
Donated services or facilities are recognised when the company has control over the item, any
conditions associated with the donated item have been met, the receipt of economic benefit from the
use of the company of the item is probable and that economic benefit can be measured reliably. In
accordance with the Charities SORP IFRS 1021, the general volunteer time of the Friends of St
Catherine's is not recognised and refer to the Governors, report for more information about their
contribution.
On receipt, donated professional services and donated facilities are recognised on the basis of the
value of the gift lo the company which is the amount the company would have been willing to pay to
obtain services or facilities of equivalent economic benefit on the open market., a corresponding
amount is then recognised in expenditure in the period of receipt.
Page 19

ST CATHERINE'S SCHOOL TWICKENHAM
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accounting policies (continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit
to a third party, il 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 classified by activity. The costs
of each activity are made up of the total of direct costs and shared costs. including support costs
involved in undertaking each activity. Direct costs attribulable to a single activity are allocated directly
to that activity. Shared costs which contribute to more than one activity and support costs which are
not attributable to a single activity are apportioned between those activities on a basis consistent with
the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation
charges allocated on the portion of the asset's use.
Expenditure on raising funds includes all expenditure incurred by the Company to raise funds for its
charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the
Company's objectives, as well as any associated support costs.
Support costs are those costs incurred directly in support of expenditure on the objects of the
Company.
Costs of generating funds are costs incurred in attracting voluntary income, and those incurred in
trading activities that raise funds.
Charitable activities and Governance costs are costs incurred on the Companls educational
operations, including support costs and costs relating to the governance of the company apportioned
to charitable aclivities.
1.6 Redundancy and termination payments
Redundancy and termination payments are recognised when there is a demonstrable commitment on
an individual or group basis that cannol be realistically withdrawn.
1.7 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the Company., this is normally upon notification of the interest paid or payable by the
institution with whom the funds are deposited.
1.8 Tangible fixed assets and depreclation
A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate
that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying
value of fixed assets and their recoverable amounts ar8 recognised as impairments. Impairment
losses are recognised in the Statement of financial activities incorporating income and expenditure
account.
Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment.
Depreciation is not charged on freehold land. Depreciation is provided at rates calculated to write off
the cost of fixed assets, less their estimated residual value, over their expected useful lives on the
following bases..
Page 20

ST CATHERINE'S SCHOOL TWICKENHAM
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accounting policies (continued}
1.8 Tangible fixed assets and depreciation (continued)
Freehold property
Motor vehicles
Fixtures and fittings
2%-10% oncost
20 % on cost
20 %-33.3 /0 on cost
Depreciation is charged as from the year that the assets are brought into use.
1.9 Debtors
Fee and olher debtors are recognised at the seltlement amount after any discount offered.
Prepayments are valued at the amount prepaid net of any discounts due.
1.10 Cash at bank and in hand
Cash at bank and in hand includ@s cash and short term highly liquid investments with a short maturity
of three months or less from the date of acquisition or opening of the deposit or similar account.
1.11 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlement, and the amount
of the settlement can be eslimated reliably. Liabilities are recognised at the amount that the company
anticipates it will pay to settle the debt or the amount it has received as advanced payments for the
goods or seNices it must provide. Provisions are measured at the best estimate of the amounts
required to settle the obligation. Where the effect of the time value of money is material, the provision
is based on the present value of those amounts, discounted at the pre tax discount rate that reflects
the risks specific to the liability. The unwinding of the discount is recognised within interest payable
and similar charges.
Liabilities are recognised at the amounl Ihat the Company anticipates it will pay to settle the debt or
the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where
the effect of the time value of money is material, the provision is bas@d on the present value of those
amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The
unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
1.12 Financlal instruments
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured at their settlement value with the exception of bank loans which are subsequently
measured at amortised cost using the effective interest method.
1.13 Operating leases
Rentals paid under operating leases are charged to the Statement of financial activities on a straight
line basis over the lease term.
Page 21

ST CATHERINE'S SCHOOL TWICKENHAM
{A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Accounting policies (continued)
1.14 Pensions
The company participates in a defined contribution pension scheme for the non teaching staff and the
pension charge represents the amounts payable by the company lo the fund in respect of the year.
For information on the Teachers, Pension Scheme, please see note 24.
1.15 Fund accounting
General funds are unreslricted fund5 which are available for use at the discretion of the Governors in
furtherance of the general objectives of the company and which have not been designated for other
purposes.
Designated funds comprise unrestricted funds that have been set aside by the Governors for
particular purposes. The aim and use of each designated fund is set out in the notes to the financial
statements.
Critical accounting estimates and areas of Judgment
Estimates and judgments are continually evaluated and are based on historical experience and other
factors, including expectations of future events that are believed to be reasonable under the
circumstances.
Critical accounting estimates and assumptions..
The charity makes estimates and assumptions concerning the future. The resulting accounting estimates
and assumptions will, by definition, seldom equal the related actual results. The estimates and
assumptions that have a significant risk of causing a material adjustment to the carrying amounts of
assets and liabilities within the next financial year are discussed below.
(i) Recoverability of receivables
If necessary, the charity establishes a provision for receivables that are estimated not to be recoverable.
When assessing the recoverability the governors consider factors such as aging of receivables, past
experience of recoverability, and the credit profile of an individual or groups of customers.
(li) Determining residual value and useful economic lives of property, plant and equipment
The charily depreciate5 tangible assets over their estimated useful lives. The estimation of the useful lives
of assets is based on historic performance as well as expectations about future use and therefore requires
estimates and assumptions to be applied by management. The actual lives of these assets can vary
depending on a variely of factors, including technological innovation, product life cycles and maintenance
programmes.
Critical areas of judgment:
{1) Assessing indicators of impairment
In assessing whether there have been any indicators of impaimient of assets, the governors have
considered both external and internal sources of information such as market conditions, counterparty
credit ratings and experience of recoverability. There have been no indicators of impairment identified
during the current financial year.
Page 22

ST CATHERINE'S SCHOOL TWICKENHAM
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Income from charitable actlvities
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Tuition fees
6,464,739
742,419
18,074
6,464,739
742,419
18,074
6, 179,409
771,588
42.044
School activities
Other income
7,225,232
7,225,232
6,993,041
Analysis of tuition fees
2024
2023
Gross fees
Discounts and staff allowances
Scholarships
Bursaries
7,091,055
6.775,306
(94,816)
(86,094)
(245,138) (194, 131)
(286,362) (315,672)
6,464,739
6, 179,409
Analysis of school activities income
2024
2023
After school club
8reakfast club
12,551
4,627
256,155
35,623
18,187
46,610
368,666
17,352
9,351
238,308
41,722
20,060
68, 144
376,651
Visits and trips
Examination fees
Registration fees
Fee deposits surrendered
Catering income
742,419
771,588
Page 23

ST CATHERINE'S SCHOOL TWICKENHAM
{A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Analysis of school activities income {contlnued}
The average number of pupils in each category and the termly fees charged during the year were as
folSows'.
2024
2024
2023
No.
2023
Senior School
Junior School
Early Years
325
5,970
4,930
4,670
357
5.340
4,410
4,180
73
71
10
Total
404
438
Lettings income
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Lettings income
99,022
99,022
88, 130
Investment income
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Interest receivable
147,122
147,122
62,248
Page 24

ST CATHERINE'S SCHOOL TWICKENHAM
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Expenditure on raising funds
Costs of raising voluntary income
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Bank interest and rate cap premium
173,166
173,166
111,298
Analysis of expenditure on charitable activities
Summary by fund type
Unrestricted
funds
2024
Total
funds
2024
Total
funds
2023
Tuition fees
School activities
6,558,933
710,336
6,558,933
710,336
6,354, 768
630.507
7,269,269
7,269,269
6, 985,275
Page 25

ST CATHERINE'S SCHOOL TWICKENHAM
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Analysis of expenditure by activities
Activities
undertaken
directly
2024
Support
costs
2024
Total
funds
2024
Total
funds
2023
Tuition fees
School activities
4.929,439
710,336
1,629,494
6,558,933
710,336
6,354, 768
630,507
5,639,775
1,629,494
7,269,269
6,985,275
Total 2023
5,509,656
1,475,619
6,985,275
Page 26

ST CATHERINE'S SCHOOL TWICKENHAM
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Analysis of expenditure by activities (continued)
Analysis of direct costs
School
operations
2024
School
activities
2024
Total
funds
2024
Total
funds
2023
After school club
169
2,427
407,359
267,118
33,263
169
2,427
407,359
267,118
33,263
455,526
37,918
214,154
74,357
390
30
Breakfast club
192
Catering expenditure
Visits and trips
Exam fees
Repairs and maintenance
Rates
380,678
208,259
41,348
366,603
42,026
210,767
73,453
2, 500
290,424
24, 500
6,364
16,550
11,270
3,488,822
345.870
455,526
37,918
214,154
74,357
390
utilities
Insurance
Advertising
Books & other academic resources
ICT Development
Office expenses
Training & subs
Bank and credit card charges
Staff costs
Depreciation
193,840
193,840
22,144
23,736
20,731
3,543,476
343,167
22,144
23,736
20,731
3,543,476
343,167
4,929,439
710,336
5,639,775
5, 509,656
Total 2023
4,879, 149
630,507
5, 509,656
Page 27

ST CATHERINE'S SCHOOL TWICKENHAM
{A company limited by guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Analysis of expenditure by activities (continued)
Analysis of support costs
School
tuition
2024
Total
funds
2024
Total
funds
2023
Motor expenses
Advertising
Bad debts and debt collection costs
Computer costs
Office expenses
Telephone
Training and subscriptions
Staff costs
Governance costs
7,855
98,986
6,336
97,389
120,754
17,250
10,322
1,188,017
82,585
7,855
98,986
6,336
97,389
120,754
17,250
10,322
1,188,017
82,585
9,302
50,203
30,427
132,469
104, 759
12,278
17,433
1,059,057
59,691
1,629,494
1,629,494
t,475,619
Total 2023
1,475,618
1.475,619
Analysis of governance costs
School
tuition Total funds
2024
2024
Total funds
2023
Auditor's remuneration
Professional fees
21,853
40,049
20,683
21,853
40,049
20,683
18,294
17,117
24, 280
Legal fees
82.585
82,585
59,691
Page 28

ST CATHERINE'S SCHOOL TWICKENHAM
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Auditors. remuneration
2024
2023
Fees payable to the Company's auditor for the audit of the Companrfs
annual accounts
14,418
13,602
Fees payable to the Company's auditor in respect of..
All non-audit services not included above
5,922
5,597
10. Staff costs
2024
2023
Wages and salaries
Social security costs
Contribution to defined contribution pension schemes
Operating costs of defined benefit pension schemes
3,664,047
368,305
124,412
574,729
3,554,691
371,613
54, 136
567,438
4,731,493
4,547,878
During the year the Company made a total of £12,600 (2023 £24,110) in redundancy payments and £Nil
(2023 £Nil) in ex-gratia payments. No balances were outstanding relating to these at the balancg sheet
date.
The average number of persons employed by the Company during the year was as follows..
2024
2023
No.
Teaching
Non-teaching
56
59
37
41
97
96
Page 29

ST CATHERINE'S SCHOOL TWICKENHAM
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
10. Staff costs (continued)
The number of employees whose employee benefits (excluding employer pension costs) exceeded
£60,000 was..
2024
No.
2023
No.
In the band £60,001- £70,000
In the band £70,001- £80,000
In the band £80,001- £90,000
In the band £90,001 £100,000
In the band £100,001- £110,000
In the band £110,001- £130,000
In the band £150,001- £180,000
14
The aggregate remuneration of key management personnel is £753,699 (2023.. £718,956).
11. Trustees. remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).
During the year ended 31 August 2024. no Trustee expenses have been incurred (2023 - £NIL).
As itemised above, none of the governors received any private benefit from the Charity. In particular no
governor or person connected with a governor received any benefits from means tested bursaries
awarded to pupils.
12.
Taxation
As a charity, St Catherine's School Twickenham is exempt from tax on income and gains falling within
section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent
that these are applied to its charitable objects. No tax charges have arisen in the Charity.
13. Tangible fixed assets
Freehold
property
Motor Fixtures and
vehiGles
fittings
Total
Cost or valuation
At 1 September 2023
Additions
Disposals
11,732,852
313,494
56.292
1,167,786
110,890
12.956,930
424,384
{25,880}
(25,880)
At 31 August 2024
12,046,346
30,412
1,278,676
13,355,434
Page 30

ST CATHERINE'S SCHOOL TWICKENHAM
(A company limited by guarantee}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
13. Tangible fixed assets (continued)
Freehold
property
Motor Fixtures and
vehicles
fittings
Total
Depreclatlon
At 1 September 2023
Charge for the year
On disposals
3,565,122
319,017
56,292
1,114,444
24,150
4.735,858
343,167
(25,880)
{25,880}
At 31 August 2024
3,884,139
30,412
1,138,594
5.053,145
Net book value
At 31 August 2024
8.162,207
140,082
8,302,289
At 31 August 2023
8, 167, 730
53,342
8,221,072
The Freehold Land & Buildings have been separated in their component parts on completion of the
building works and the useful lives reviewed and amended. The depreciation has been charged on the
basis of the revised useful lives.
14. Debtors
2024
2023
Due within one year
Fee debtors
Prepayments and accrued income
1,658,429
120,976
1.860,334
65,151
1,779,405
1,925,485
Page 31

ST CATHERINE'S SCHOOL TWICKENHAM
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
15.
Creditors: Amounts falling due within one year
2024
2023
Bank loans
Pupil deposits and fees in advance for Autumn term
Account5 payable
other laxation and social security
Other creditors
Accrua15
63,087
2,847,830
321,368
97,322
126,954
102,773
223,333
2,426, 134
212,334
100. 728
84,913
67,874
3,559,334
3,115,316
Pupil deposits and fees in advance for Autumn term include the following deferred income..
Deferred incom8
2024
2023
Deferred income brought forward
Resources deferred during the year
Amounts released from previous years
2,363,386
2,271,844
2,788,330
2,363,386
(2,363,386) (2,271,844)
2,788,330
2,363,386
Deferred income carried forward
Page 32

ST CATHERINE'S SCHOOL TWICKENHAM
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
16.
Creditors: Amounts falling due after more than one year
2024
2023
Bank loans
Pupil deposits and fees in advance
2,168,683
659,918
2,058,849
334,250
2,828,601
2,393,099
The loan of £2,231,770 {2023.' £2,282,182) is secured over the property and associated assets and the
most recent external valuation for secured lending was carried out by property consultants, with a value
of £11.3 million.
The interest rate on this loan is 1.59 % over the lending bank's base rate. Where base rate is below zero,
it will be deemed to be zero.
The loan repayments are based on a 20 year period.
17.
Financial instruments
2024
2023
Financial assets measured at amortised cost
6,940,433
6, 168, 882
Financial liabilities measured at amortised cost
4,990,828
3,044,301
Financial assets measured at amortised cost comprise bank balances, trade debtors and other debtors.
Financial liabilities measured at amortised cost comprise bank loans, trade creditors. other creditors,
accruals and deposits.
Page 33

ST CATHERINE'S SCHOOL TWICKENHAM
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
18. Statement of funds
statement of funds - current year
Balance at 1
September
2023
Balance at
31 August
2024
Income Expenditure
Unrestricted funds
Designated funds
Sisters of Mercy Fund
596,639
596,639
General funds
General Funds
8,350,051
7,471,376
{7,442,435)
8,378,992
Total Unrestricted funds
8,946,690
7,471,376 (7,442,435) 8.975,631
Statement of funds - prior year
Balance at
1 September
2022
Balance at
31 August
2023
Income Expenditure
Unrestricted funds
Designated funds
Sislers of Mercy Fund
596,639
596,639
General funds
General Funds
8,303,205
7, 143,419 (7, 096,573) 8.350,051
Total Unrestrlcted funds
8, 899,844
7, 143,419 (7,096,573) 8.946,690
The Sisters of Mercy Fund, which is considered to be a Designated fund, was established to make a
permanent record of the gift and to distinguish it from funds arising from the School's operations and
other sources.
Page 34

ST CATHERINE'S SCHOOL TWICKENHAM
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
19. Summary of funds
Summary of funds - current year
Balance at 1
September
2023
Balance at
31 August
2024
Income Expendlture
Designated funds
General funds
596,639
8,350,051
596,639
8,378,992
7,471,376 {7,442,435)
8,946,690
7,471,376 (7,442,435) 8,975,631
Summary of funds - prlor year
Balance at
1 September
2022
Balance at
31 August
2023
Income Expenditure
Designated funds
General funds
596, 639
8,303,205
596,639
(7, 096,573) 8,350,051
7,143,419
8, 899, 844
7, 143,419 (7,096,573) 8,946,690
20. Analysis of net assets between funds
Analysis of net assets between funds - current period
Unrestricted
funds
2024
Total
funds
2024
Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
8,302,289
8,302,289
6,965,815
6,965,815
(3,793,540) {3,793,540)
(2,498,933) {2,498,933)
Total
8,975,631
8,975,631
Page 35

ST CATHERINE'S SCHOOL TWICKENHAM
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
20. Analysis of net assets between funds {continued)
Analysis of net assets between funds - prior period
Unrestricted
funds
2023
Total
funds
2023
Tangible fixed assets
Current assets
8,221,072
8,221,072
6, 234,033
6,234,033
(3,115,316) (3,115,316)
(2,393, 099) (2,393,099)
Creditors due within one year
Creditors due in more than one year
Total
8,946,690
8, 946,690
21. Reconciliation of net movement In funds to net cash flow from op8rating activities
2024
2023
Net income for the period (as per Statement of Financial Activities)
28,941
46,846
Adjustments for:
Depreciation charges
Dividends, interests and rents from investments
Decreasel(increase} in debtors
Increasel(decrease) in creditors
343,167
{147,122)
146,080
929,932
345,870
(62, 248)
(388, 735)
(129,133)
Net cash provided byl{used in) operatlng activities
1,300,998
(187,400)
22. Analysis of cash and cash equTvalents
2024
2023
Cash in hand
5,281,872
4,308,548
Total cash and cash equivalents
5,281,872
4, 308,548
Page 36

ST CATHERINE'S SCHOOL TWICKENHAM
{A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
23.
Analysis of changes in net debt
At1
September
At31
2023 Cash flows August 2024
Cash at bank and in hand
Debt due within 1 year
Debt due after 1 year
4,308,548
973,324
5,281,872
{223,333)
160,246
{63,087)
(2,058,849) {109,834) (2,168,683)
2,026,366
1,023,736
3,050,102
24.
Pension commitments
Teachers, Pension Scheme
The School participates in the Teachers, Pension Scheme ('the TPS.) for some of its teaching staff. The
pension charge for the year includes contributions payable to the TPS of £574,729 {2023'. £567,438) and
at the year end £72,737 (2023.. £52,249) was accrued in respect of contributions to this scheme.
The TPS is an unfunded multi-employer defined benefits pension scheme governed by The Teachers,
Pensions Regulations 2010 (as amended) and The Teachers, Pension Scheme Regulations 2014 las
amended). Members contribute on a "pay as you go" basis with contributions from members and the
employer being credited to the Exchequer. Retirement and other pension benefits are paid by public funds
provided by Parliament.
The employer contribution rate is set by the Secretary of State following scheme valuations undertaken by
the Government Actuary's Department. The most recent actuarial valuation of the TPS was prepared as at
31 March 2020 and the Valuation Report was published in October 2023.
Following the Mccloud judgement, the remedy proposed that when benefits become payable, eligible
members can select to receive them from either the reformed or legacy schemes for the period 1 April
2015 to 31 March 2022. The actuaries have assumed that members are likely to choose the oplion that
provides them with the grealer benefits, and in preparing the 2020 valuation ha5 valued the 'greater value,
benefits for groups of relevant members.
The employer contribution rate for the TPS is 28.6 %, and employers are also required to pay a scheme
administration levy of 0.080/0 giving a total employer contribution rate of 28.68 /0.
Following a consultation with staff which concluded in February 2024 capped the employer contribution
rate under a negotiated arrangement that staff in TPS would fund future additional TPS contributions
under a salary sacrifice arrangement.
Defined Conlribution Pension Schemes
Retirement benefits for some teaching and all non teaching staff are provided by contributions from the
employer and employees to defined contribution schemes. The charge for the year ended 31 August 2024
is £124,412 12023.. £54,136) and at year end £25,084 {2023'. £8,312) was accrued in respect of
contributions to these schemes.
Page 37

ST CATHERINE'S SCHOOL TWICKENHAM
(A company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
25.
Operating lease commitments
At 31 August 2024 the Charity had commitments to make future minimum lease payments under non-
cancellable operating leases as follows-.
2024
2023
Not later than 1 year
Later than 1 year and not later than 5 years
56,499
126,225
17,211
86,676
182,724
103,887
26. Related party transactlons
During the year, the Company provided a total of £58,488 (2023 - £47,191) in discounts on tuition fees
for the children of staff members.
There were no other related party transactions in the year, nor are there any outstanding balances owing
be￿een related parties and the Company at 31 August 2024.
Page 38