TMqCKLNHAM PREPARATORY SCHOOL
(A Company Limited by Guarantee)
REPORT AND FINANCIAL ST ATEmE￿'T5
FOR THE YLAR ETr4DED 31 AUGUST 2023
Company Number: 03475951
Registered Charity Number: 01067572

TII'ICKETr4HAVA PREPARATORY SCHOOL
REPORT AliD FINknNCIAL STATELIIENTS
FOR THE YEAR E.NDED 31 AUGUST 2023
CONTLf4TS
P2ge
DirectLirs' repon
Independent auth"tor's report
10
Stattment of financsal activities
13
Balan¢¢ sheel
14
Cash flow siat¢ment
15
Changes in net d¢bt
16
Noies (o th¢ financial ststements
17-27

TVI'ICKENHAM PREPARATORY SCHOOL
DIRECTORS, REPORT
FOR THE YEAR ENDED 31 ALTGUST 2023
The Director% pr&sent their aT)nual report for the year ended 31 August 2023 undei the Companies Aci 2006 and the
Charitie8 Act 1993, together with the audited financial sthtements for the y¢ar, and cvnfm ihat the laller Lomply willi th¢
rcquircments of the Companies Act 2006, th¢ Company's Articles of Asso¢iation, the Chariiies ALI 2011 and the Chariti¢s
SORP IFRS 102).
REFERENCE AND ADMI￿,[STRATIVE INFORMATION
DIBICTORS
The Directors of the Company. who are also the charity trustees and the (iovemors of the School. who served during the
year and subsequently were:
Mt Harry Bates
Mr Michdel J Fisher
Mrs Jessica A Harvey
Mrs S&wa C Ball
Mrs Kalpana Bhalla
Mr Philippe L Buron
Mrs Ehzabeih M Ferguson
Mis5 Barbata A Flight
Mrs Ruby Jones
Mi Paul J Kenny
MF Mikt Michael
Mr Andrew J Murray
Ms D Jane O'connor
Mr Thomas JJ Owens
Mrs N Gillian Warnis
(Chaimianl
(Resigned 22 November 2022 both as Deputy Chaimian and Director)
(D¢puly Chainnan with effect from 26 October 2023)
(Appointed 27 September 2023)
(Appointed 18 Septembcr 2023)
{Resigned 5 May 2023)
{Appointed 8 March 20231
{R¢signed 21 June 2023)
(Appointed 8 March 2023)
KEY MANAGEMEINT PERSONNEL AND PROFESSIONAL ADVISERS
HEADMASTER
Mr Oliver Batreti
KEY MANAGEMEfs'T PERSONNEL
Key maniig¢m¢nl personnel includes the Ileadmaster, four members of the Senior Leadcrship Team alld (W'o others.
BAI%'KbRS
BaTclay% Bank plc
Onslow Hall
Liitle Green
Richmond
Surrey
TW9 IQS
AUDITORS
Haysmacilltyre LLP
10 Queen Street Place
London
EC4R IAG
SOLJCITOR8
Veale Wa5brouEh Vizards LLP
Narrow Quay House
NaJTOW Quay
Bristol
BS14QA

TII'ICKENHANI PREPAIL4TORY SCHOOL
DIRECTORS, REPORT (continued)
FOR THE YEAR E￿DED 31 AUGLIST 2023
STRUCTLIRL GOVERNANCE AF4D MANAGEMENT
Twcketjham Preparalory School ITPS) w85 founded in 1969. The School is iiicorporated as a Company Limiied by
OLwan￿e and is 3 registered charity, number 1067572. Its regjstcred cornpaiiy tTrutnber is 3475951. The Registered Office
and ad¢lress of the whool is at 43 High Streel, Hamplon, Middl¢s¢x, TW12 2SA.
t)urirtg the year. the Company was governed by its Articles of Associatson which were modernised in 2019 to reflecl
chatjges in legislation, best practice in the ¢haTiti¢s and independent school sectOTS, and the marm¢r in which the chariiy is
Joverned and operates in praciice.
The Directors are elected at a fvll Directors, Meeting on the basis of their eligibility, personal compeience, specialist skills
and local availability. New Governors arc inducted into the workings of the School, and also of the Company as a registered
Lharity. All Governors are en¢oura8ed 10 atiend rclevani (rllstee training opportUDlties.
l-h¢ DiTectOTS meet as a F3oard at least three limes a year to deterniine the general poliLy of the clwitable company and to
rcview its overall martagement and control. for which thcy are legally responsible. Sub-¢ommitlees of the Board comprising
Directois, togeih¢r wilh some key management perSo[￿tI repre8entall0￿ also ￿eet at ledst Ihree limes a year or & required
to ui)dertake rnore detailed reviews of operational rnanagement: these commiitres report directly io the Board and make
recommendatio1￿ for Board approval. c￿￿ently, there are four sub-conmittees L¥f the Board.. Eduration and Strategic
Pla￿lnS. fin8nce, Risk and Premises. The welfare and safety of the School community is of pararnount importan¢¢ and a
school Health and Safely coEnmitt¢e, compriging employees and with Director representation. rq)orts to the Risk
Committ¢¢.
The day-to-day running of the Schcol is delegated to the Headmaster supported by ihe Senior L£ader5hip Team and Éwo
others and together this grvup are die key inaiiagein¢nt pcrsonnel. Remw)¢ratson is sei by the Board, with the policy
objcciive of ensuring appropriatc incentives io encourage enhanced perfOrni￿1Cc and rewarding individual contributions
to the School's succes5. The apprupriateness and relev￿Ce of tlie pay policy ts reviewed annually including referencc to
comparisons other independent schools io ensure that ￿'e rem<tiD sensitive to the broader i.%sues of pay and emploirynenl
conditionts wiihin ihe secloT. Delivery of the School'5 Lharitabl¢ vision and purposc is primarily dependent on our key
rnanauement personnel,. stdff cosis are the largest single element of our charitable ex￿ndIture.
OUR ADIS
The objects, as Set out in the Arti¢1¢5 of Association adopted on 7 November 2019, ar¢ lo advance education including (but
not ljmited tol thc provision of a school or schools in CJreat Britain. Th￿¢ updated objects clarify th¢ Charitable purpose
and will allomr the charity io funhcr its puryoses for the public benefit in a broader rnanner.
Our vision %tatement is..
'To be the Prepaj'aioy? School of choice providing arcel/¢nl, inAovalive and in3Firing education where personal
Succ￿5 is achieved ihr0￿gh our nuriuring apjd caring ethos
Th¢ kev elements of this staiement und¢rlie 811 our strategic d¢c*sion making.
We aim to provide a f￿51-claSS education within a structured eni'ironTncnt that develop.￿ our pupils, capabilities.
ompetenccs and skills enabling Ihem to fulfil their potcntial. We promote the academic. moral and physical developmenl
olour pupils through our academic curriculum, pa510ral care, sporting other aciiviiies. Thre aclively seek io build pupils,
seif-confidenLe and resilience and ¢0 inculcate in them a desirc to contribute w the u'ider communily. In so doing, we aim
to PTepare our pupils for the opportwiities, responsibilities and experience of la￿T life.
OUR OBJF,CTIVES
Our obJ￿11VeS are set to reflect the educational aims and ethos of the School.
setting uur objectives plannitsg our activilies, Ihe Dir¢ctors have given careful consideration to the Chan"ty
Commission's public benefjt guidance.

TM,ICKE￿HAD*I PREPARATORY SCHOOL
DIR£CTORS' REPORT (continued)
FOR THE YEAR ENDED 31 AUGUST 2023
OUR OBJF.CTJVE8 (eontlnued)
Key objective5 for the year were..
Academic and Pastoral
To enhance further the reporiing procesges at the school, focusing on the childr¢n's attitude to learning. their
oiganisaiion and behaviouT',
To cnhance funher ihe co-curricular aciivities including offering opportunities to Use ne￿. off-site fa¢ililies for
sport% and a TC.sidential spons tour for senior pupils.,
To conduct a revi¢￿, of the cumculum for Y&qr 7 and 8 pupils. exploring other curriculwD rnodels w,hich allow
great cross-¢urricular projccts and broader learning opportunities beyond ihe conventional subject areas.
To improve ihe proi'ision for our more able pupils through establishing staff specifically responsible for Gifted
and Talented provtsion across the Prep and Pre-Prep;
Tu w'vrk w'iih parents in order to better inform them aboui online safety, ¢hildren's learning habiis and resilience
through a pannership Th'ith Tooled Up Edu¢ation'
To progress the strategtc planning for the school aud subsequently complete a master planning ex¢rcisf for the
school sile in line with those aims.
To rei'iew. remuneraiion Of.￿taff includll￿ flexible b¢n¢fits and pension provision, including salary bench rnarking
and review of pay scales.
Com]nunity
To ¢ontinu¢ to develop the principle of 'involvemeni for all. and engagernent M'ith th¢ Ivcal community, includu
fi￿tr collaboration and shared use of facililies, particularly with our partnership 8¢hool.,
To ellsuTe thdi the School has a stronger presence locally and regiot]ally through initiatives which see the
establishment of li]￿S ￿'1th the local cotnrnunily and associations, whilst using marketing in a targe￿d mami¢r to
shaTe neth's about School'5 partnerships and ¢haritable work.
Infrastructure
To continue refurbishment of the School and upgrading of equipment Encluditig refi￿)Ishment of th¢ Piep library
and funh¢r initiatives to reduce carbon etnissions towards net-zero.
REVIEW OF ACTIVITIES Af4D ACHIEVEMENTS
Strateglc currieulum 4¢tivilies and aebievement5
hilst ￿,¢ hope the coronavirus pandemic is now well behind u5, the resulianl adv¢r8e effects on learning and development,
particularly in oui youngesl pupils, con(inue io bc evideiiced. In response, we have recruited an additjonal Teacliing
Assislanl lll Ihe Pre-Pr¢p departmenl 10 SUPPOrt the children. Woik8hops io address aTLxieiy have b¢en also been held for
thi.s age group as a new iniliaiive. Throughoui the school. the Personal. Social, Health and Economic IPSHEI programme
and tutor liine have prtsvidcd a valuable lorum f()r the pupil.￿ (o express any conccrns they may have. The children's attitude
to leanjing, their oiganisatiot) and behaviour is now being effectively recorded and ieported through grade cords, M'ith clear
guidance on the cnteria for parents. We have also I￿orked M'ith parents in order to belter infom them aboul online safely,
childreii'5 learning habits and resilience ihroug]i our workshups and through a parenl information session with Tooled
Up EducatLOn, also aitetided by parents associated ￿th our local partnership schools I'he Directors continue io place
wellbeing of the staff and pupils as a high priority in all aspects of School decision-making.
During the year, a detailed review ol the lu￿1¢u1uM provision for Years 7 and 8 was undertaken and a decision taken io
adopt the Pre-seniur Bac¢alaureaie (PSBI. PSB is a registered charity M,hi¢h aims to prepare the pupils for the challenges
of life as youllg adults in senior schools academi¢ally, personally, ￿0¢iallY, culturally and spiritually by actively developing
and trackillg knowledge, skills and attitude5. Wc believe li provides a 21, ¢enthry education for our senior boys, enabling
Cross-cu￿1cuIa[ proje¢iq and broadeT learnlng opportllnities beyond ihe conventional subject areas. W¢ also held a 'Bring
Your Own Dei'ice. (B YOD) trial for the Year 7 and 8 boys which proved very successful. W¢ ar¢ excited to be laullcbing
both the PSB and BI'OD in the new academic year.

TM'ICKENHAM PREPARATORY SCHOOL
DIRECTORS, REPORT {continued)
FOR TIIE YEAR ENDED 31 AUGUSI. 2023
REVIEM, OF ACTIN'ITIES AI¥D ACHIEVEMENI'S (coutinuedl
Strategic and curriculum activities and 8chievement$ {eontinMedl
Neatly complsmenting the curriculum development, the School has enhanced the provision of the BOUNCE proLramme
in partnership witli Raising Resslicn¢¢, which see all the pupils frorn Year 3 to Year 8 engage in a programme to
develop their self-e5tcem, resilience and ihc kno￿.ledge and understa1￿1￿¥ of hoiij best io deal adversity alld poientEal
challenges in later life.
In addition to lh¢ PSB and Bounce initiaiives, staff training in 2022-23 included specific guidance on anli-racism, prejudice
and PTivilcgc through a workshop and resourcc 8haTing with The Aris¢ Projec(. along wilh training on the use ofcpoms.
a rte￿, pastoral, bchaTr".iour managemenl and safeguarding platfor￿.
Ilc continue to seek neiv initiatives to enhance the cu)Ticulum further for the benefit of our pupils, During the year, study
skills workshops M'erc held for pupÈls in Years 6 through to 8. Tbrough the IT Strale¥y Group, we aim io increase flexibilily
for staff and pupils it) a¢cessing learning iesour¢es whilst also improving efficieiicy and ihe shaTing of infomation through
thc systems used. The rollit]g programme of providing both staff and pupi15 ￿th Microsoft Surface devices has been
eoiilinued and the Pre-Prep iPad devices have also been upgraded. Microsofi Teams is in¢reasillgly being used io promote
collaborative M'orking amongsi both senior pupils and s&ff. The School has llol yet appointed a metnberof staff specifically
responsible for Gifted and Talenled provision dLross the school; this rernains an objective and will be pursued in the
forthcoming year.
The extra curriculum progranune has benefiiied hugely from the extth)ally led specialist clubs off¢ring ¢ompul¢r coding,
touch t)ying, music ond dramatic ari. dance, and various sports. TPS staff also introduced ne￿. Initiatives during the year,
inbluding cello taster lessons and music ensembles. The scn]or boys eDjoyed the introduction of playing padel as an
aiternative to tennis. The Art Scholat5hip club Continues lo benefit those pupils preparing a portfolio for a￿'ardS to senior
schools, with il good degree of success. Support and extension is also provided for pupils in sports, mu8[¢ and drama in
Preparation for scholarship assessmenis. The School coiitiiiues to embr8¢¢ Think l'ank, a thinking skills progrdmme tsught
throughout the School: which prornotes diffcrent methods and techniqu¢s for dealing problcm solving activitie5 and
enhances ihe academic curriculum. In ihc Autumn half temi break, many senior pupils panicipalcd in thc inaugural
residential spons tour to Manchester. Ihc trip was highly success￿1 and enjoyed by all and u'e hope such tours u'ill becoEne
regulat event in the school calendar.
Academic 8¢hÉevements
The School achieved excellent results again this year in our gir15' and boys, s¢nior school I l + examinations and boys, 13+
entrance to a variety of secoJLdary schools, some highly academically sclective.
There was wide variety in destination schools for our Year 6 girls with Sir William Perkins'5, Surbilon High S¢hool,
Kingston Grammar and Claremont Fan Court School being the most popular.
Year 6 results were also very strone w'ith offers to a M'ide ranRe of schools includinR, Hampton School, St. George's
College, Radnor House School, St. James's Bo)5 School, Tiffin Boy5 School, Hallrfor6 School, CranIeigh Prep School at
Claremont Fats Court School.
From the Year 6 and Year 8 cohorts. TPS pupils achieved 6 academic scholatships, 2 art scholarship5, 2 sports scholarships
and I music scholarship to their ¢hosell s¢nior schools.
Co-curricular aetlvities and achieve￿ellt$
The School Lontinu¢s lo place great importance on opportunities ftsr ihe children hcvond the cutticulum in order to broaden
th¢ir learning experiences and ran8e of skills. The co-cu￿j£u[a1 provision offering sports camps within the holida}, periods,
through an association with Premier Education, has proired exirernelypopulaF and the number of camps has beell expanded.
A chess and thinking Ekills club continues to be offered in school holEdays and a school holiday art club also very
popular. Extr8-curriculaT clubs coniinue to thriye and there was a flurry, of educational trips organised for pupils thToughout
the School. Senior pupils are encouraged to assume posiiiot)s of resptsnsibilily, ￿1th all of the girls in Year 6 and boys in
Year 8 taking on roles, following a foll￿al appointmentprocess, along wkth the School Coullcil ￿,kn.¢h offers the opportLUllty
for th¢ childrei) to make decisions about school life.

TMRJCKEIIHAM PREPARATORY SCHOOL
DIRECTORS, REPORT {continued)
FOR THL YTr AR ENDED 31 AUGUST 2023
REVIIII., OF ACTtVITIES ADID AcIlIEVE￿Ih￿I TS (continued)
Co-¢urricular actiiryties and athievements (continued)
Pupils participated in a wide rnige of activitses wilh the malt) sports for boys being football. rugby attd cricket with squash
and padel for senioTS and nctball, hockey and crickct lor girls. Mixed opportunities are encouraged with mixed clubs
introduced durirlg the vcar for football and Cricket. Swimming Continues to be taught lo children in Years I to 5. Durifjg
tl)e year pupils participated Ln many inter-school toumaments with considerable success. Individual spons have also seen
Strong pcrformances, with children from Year 5 to Year 8 taking part in the IAPS Nalional Triathloij Championship5,
including top ten finishes in both the girls and boys, Ul O events. The Prep sporis day ￿'aS agaRn held at the Elmbridge
X¢el L¢isure Ccntre and pupils benefitted from the specialisl athletics facility in w,hat was a highly successful event.
Other #ctiviiies and achÉevements to support the Sehool
Rtfurbishment ofour facilities continued this Y￿￿ the upgrade of the Prep Librnry atid the boys. cloakroom fa¢iliiies.
Extensive repairs ￿..ere undertaken io both the Beveree main rooland the Hub r(x)f,' paving in the main playgrtsund was re-
laid and major tree WOTks carried out as recommended by an arborial consulianl. A rninibu5 was purchased upon expiry of
its lease ierni.
In pursuance of our aim 10 reduce LgJbon emissions towards net-£ero, the radiators throughout Beverce have been
refurbi%hed and with the exception of the suppori ofFILes, all ligh¢ing and emergency lighting throughout the school has
now been upgraded io LED.
The School's ongoing upgrade of IT equipment Continued witli replacement of the school servei and the stan of a rolling
p10gT￿m￿e lo replac¢ olaer desktop COTnputers. Further investm¢nt Jn 5￿ff IT has seen the purchase of Microsi)fi Surfa¢e
Pro and Laptop devices to enable s(aff to work flexibly in the teaching spaces and at hom¢. Key tnembers of staff have
¢ived additional second moni￿r9 to assist with theiT duties.
In pursuance of our 5lrategic platming, the School participal¢d in the triei)nial Baines Cutler salary benchmarking exercise
in Febrnary 2023. Goi'eTnors have progressed their review of the remuneration of staff. including flexible benefits and
pension provision, through ihc working party established last yeAT. Marketing consultancy was cummissioned in Summer
2023 to provtde insight Into socio-dernographic factors and potentia] ca￿hment are35 for out pupil body and this will direct
our markcting strategy. Aside from this the School is preparing fur possible challges in the lax siatus of private schools by
cnsuring f￿anCial robustness, identifiing areas of potenlia] cosi saving alld incorne generation.
PUBLIC BENEFIT
The Direciors ¢onfiTm that they have ¢omplied wilh the duty in section 17 of the Chariiies Act 2011 io have due regard to
the public benefit guidanLe published by the Charity Commission in detennitling the a¢iivities undertaken by the charitable
company.
The S¢hool is re8j5tered wilh Schools Together, a website FoTUtn maintained by the IndependeJ]t Schools Council in
collaboration with ilie Departmeni for Education to highlight the projects and pannersl]ips M'lllLh currently exist b¢tw¢en
our school attd mait]taincd schools or Community gtOUPS.
We have inerca5ed availability of our facilities io Premier holtday camps and Litile Kickers football club al subsidised
rental for the benefit of the local conununity as u'ell as our lamilies.
Il'idening publle access to ihe Sebool
We se£k to grant means-t¢sted burs￿1¢$ to ￿'Iden public acee88 to the 8chool within the cot)strainiS of available fi￿ding
and as appropriate to a school of its type and size. In fvnding our awards, we arc mindful that w'e must ei]sure equity
beiween fee paying paTents, many of ivhom make considerable personal sa¢rifJces to fund iheir child(renl'.% education, and
those b¢r)efJling froin the a￿ards. We are also rc.sponsiblc for enguring the ongoing finanLial sust8inability ol the Schuol
aod the developmeni of our fa¢ilEtics to remain altra¢tive in a compeiitive markel. Wiihin these constraints, tundin8 for
bursaries and allowanccs repres¢nted 2.7°/ {2022.. 4. 10/0) of gruss tuiiion fe¢ illcome in the acadenjic 2022,'23.

TM'ICKENHANI PREPAIL4TORY SCIIOOL
DIRbCTORS' REPORT (eontinued)
FOR I'HE YEAR E￿DED 31 AUGUST 2023
PUBLIC BE￿,￿Tr.1'f IcoDtiDuedl
Wadening publi¢ access to the School (continued)
In conjunction with the London Borough of Richrnot]d upon Thames, the School also operatrs the Early Education Funding
initiative for eligible pupils in their Recepiion year.
Fostering links with the local eommunlty
I'he School actively secks to foster li]￿S th¢ local community. Post-palldemi¢, w¢ aim ¢0 resume our contact with
local schools in ihe new ac8deElliC year. hosting events dnd involving pariicipanls frorD local s¢hools where possible. Lx)cal
youih groups have benefitied from use of school n]imbuses. Our pupils have ¢oniinued io make use of the local sporting
fa¢ililies through our Close links wilh Kempton Cricket Club and sporiiug a¢tlVLties at Colets and lrnbercourt sports ¢lubs,
Powerleague Feltham and Sunbury Leisure Cei)tie.
A variety of out-of-hours ￿h0o2 clubs and activities are oifered io our pupils, many at no additional ehargt, Including
Breakfast Club. Services to parents have been ejthanced w'iih eKtend¢d hours of MTap-around care providing covcr from
7.30am to 6.30pm on ￿'eekd&YS. ￿th our afier-school Lare now tsulsourced to a specialist provider.'fhe5c iniiiativc% benefit
working parents in the provision of wrap-arL)und childcare. A horne to school minibus servi¢¢ is operated to benefit parenls
aud during the year a School to home service ￿'aS also intsLKluced.
Partnership opportunltles
Whilst partnership opportunities are limited for a scljool of our si7e and profile, ￿.¢ are delighted to offer IN8ET training
opponun5ti¢s to local state schools Vb'hcncN'er ihe opportunjty anses. Our sports ¢amps i)re open to local pupils to atteJ]d
and aitendee5 this year have included children from the Ukraine. Staff members at th¢ school hold positions at local state
schools as governors, sharing their expertise.
Charity support
Pup21s actavely assist local and national charities by undertak]ng a number of fundraising initiatives. This year, donations
totalling £3,728 ￿'¢re made to vatious local and national charities with a further £1.997 donal¢d to Africaii Vision Malawi
{lor Songw'e School). Food and other hous¢hold essentials have been dollaled to Easi Elmbridge Foodbank. The School
also sponsors a child living in Uganda ihrough the Compassion UK charity, and pupils correspond wryth our beneliciary
and send gifL%. We are also forgtng new links wilh pupils from SoDgwe School and CO￿espOnding with pupils ihere. A
pupil driven iniiiative lo raise charilable funds ihrough various house entetprises has been introduced,. Concorde held a toy
sale in the SuDllner TemJ rdising £424 in aid of their chosen char2ty Cancer Research UK.
Our pupi15 have also don¢ charitable works ouisidc school hours, Tassing money for worth> causes. Members of staff held
a coffee morning in aid ofmacmillan Cancer Support and they are also involved in local ¢hur¢h communities and Forest
School courses for youih carer.% in the Richmond Borough. In April, nearly all staff participated in a n)arathon wa]k from
the Tower of Londoli io TPS raising £9,685 for Teddington RNLI. This was an amazing feai and staff were ￿41teful for all
d)¢ support given by friends, family and ihc TPS comrnunity.
Tr ILNANCIAL REVIEW
The School had net incoming resources for the y¢aF 01£178,989 which have been added to reserves. The Directors consider
this a positive outlurn.
Net incoming resources included reslricted donations of £4,286 from the Parents, CoTnmittee for minibus lease fundin&
rully utilis¢d in the year. There was llo Iransfer of fund% frorn restricted to unrestricied reserves duTmg the year. The School
is extr¢mely appr¢¢iative of thi5 additional financial suppori.
At 31 August 2023, the School had reserves of £3,330,439 of ￿,hICh £4,000 are restsi¢ied fvods. With the agreeme]Jt of the
Parents, Committ¢e, the iestricted funds which w'ere originally donated tom'ards tlie development of gTounds at 51 High
Street are now planned to be allocated to￿.2rd5 the upgrade of Hall media equipment. I'he unrestricied fiuads of £3,326,439
are all invested, together w'iih bank borrowings. in the fix¢d assels of £3,395.1 $1.

TII'ICKENHAM PREPAKATORV SCHOOL
DIRECTORS, REPORT (continued)
FOR'I'HE YEAR ENDED 31 AUGUST 2023
Fif4ANCIAL REVIEW (eontlDued)
The S¢bool is in sound financial h￿1th, with secure fittancial manaBemenl and healthy registration numbers for future
years. l-hc Directors have regularly reviem'cd the financial perforn￿nCe throughoui the year and continue Éo monilor closely
the Current economic climate.
RESERVES POLICY
The Directors yeglllarly review, the level and llalure of ihe reserves of the Srh¢)ol, and the reserves policy is r¢vi¢M'ed
annually.
The Dsrcctors aim ￿ n)aintain an a]]nual operating Surplus lo fJT)aiice capitsl expenditure on improving buildings.
equipmcni and oiher facilities ajid lo creaie a small Charity reserve. This enable5 Ihe Lhariiy io provide a Con￿lstentIY high
quality of educaiion to the public and to meet contingencies. The Director5 recognise th21 the Itvcl of frec reserves las
defincd by the Chariiy Con]niissioD} fluciuaies with inve51meni and buildin8 activitie% and thai at presellt the reserves are
negative. The School finance5 the day io da} operations of the School through ¢areful cashflow management and the
Direciors are content thdt the net assets are sulticient to meet the Cotnpany's obligations and future straiegy.
RISK MANAGEMENT
The Board coniinue to keep th¢ Scliool's £lCtivilies under review, panicularly with regard to any major risks that may arise
from time to time. and to monilor the elfectiveness of the system of internal cot]trols and other viable means, including
insurance cover ￿'here appropriate, by which the risks identified by the Directors can bestbc mitlgated. A Rigk Committee,
omprising Directors and slaftand Ivporiittg directly to the Board, monitors risk and compliance and ihe Human Resources
alid Cvmpliance oifir¢r supports further iliis role.
Risk assessments are in place and are being maintained for all aspects of the School's aetiviti¢s and operations. During the
year, specialist software has been sinplemenl¢d to eA￿Ure consistency in risk assessments and to a5SiSt in the mitigation and
conlrol of risk throughout the school. Detailed consideration of risk is delegatsd to other com]nittees ds approprialt and
includes revs¢w of reports from scnior management and independellt profession<il advisors. A ieifiew of risk management
pioces5es is undertaken by the Board.
The ISI Regulatory Compliance inspeciioll in M￿Ch 2022 Wds a detailed review of all aspecL8 of Rcgulation and
Compliancc and confinned that the School met ihe regulatory s&ndards in all areas.
Key ar￿ of risk are seen to exist in ihe following areas, cornmon to all indepeiiderlt schools:
Governance including Compliance with applicable re8ulatiuns al￿ legislatioTh,'
Financial conirol.
Disaster pla[￿llIg.
Loss of reputation;
Healih and saf¢ly; and
Recruitmeni and reiention of pupils given economic conditions.
All aspects of the quality ofeducational provisioo and the health and well-being of boih stsff and pupils have been given
very careful cunsiderati(In to ensure compliance wilh governmeni guidelines. The Fillance Committee ¢onlinues io monitur
the finaiicial situation ¢losely in order to take dc¢isiv¢ actioii if required.
In assessing risks, the Board has in place key controls that include..
Formal mechanisms for the operation of the Board oEGovernors'
T¢nn% of reference for all committees..
Close personal involvement of tlLe Directors in the activilies of Ihe Sehool;
CotnpreheDsive straiegic plallning, budgetii)g and accounting procedures.
Forn￿[ written ptslici¢s and proccdures.
RevieKp and developmeni of ihe C￿￿1cUlurn dnd exira-¢urricular activities. and
Early ideniifi¢aiion of staffing n¢eds and prole5sional d¢velopment opportunities.

rii'icKENHAM PREPARATORI, SCHOOL
DIRECTORS, REPORT (continued)
FOR TH£ I'EAR ENDED 31 AUCUST 2023
RISK NIATr4AGENqENT (continued)
Through thc stratcgic planning process, specific risks facing the Schwl have been idenlified as.
Pot¢ntial restructuring of senior school admisgions.
Poiential PTcference for delayed entry to independent sch<)ol educalion;
Significani number ofschools in the area;
Potenlial removal of Lharitable benefiis," and
The arfordability of fees given eCOt]omic ¢oiJdit?ons.
These specifjc risks are being addressed through investment in the Pre-Prep department and iargetrd marketing,
ejnphasising the many benefits of an indepet]dent school educatiot] and in particular the kev points of difference offered
by a T￿.1ckenhaAl Prep schooling. W¢ seek to strengihen ollr admission lisis further, particularly for entry to Reception
and Year 3, by offering an exccll¢nt "value-added" service at a (air price making us a destination School of choice.
Tl]rough t]ie risk management processes established, the Direciors are satisfied thai ihe major rislts have been identified
Ind appropriately mitigated. Ilowever, it is re¢ogni5ed that sysiems ¢ati only provide reasonable bul not absoluie assurance
that inajor ri5k5 have been adequately mat)aged.
PLANS FOR FUTURE PERIODS
The School is committed io maintaining hSEh S￿ndardS in all areas of school life. During the academic year 2022-23, the
Directors togetlier with the Headrnastei and other senior leaders stskeholders collaborated to advance the School's
vision and strategic plan foT the medium ierni.
Ke), objc¢tiv¢s for the next academic year include..
Academic and Pastoral
To introduce the Pre-senior Baccalaureate Curriculum for Year 7 and 8 pupils together with 'Bring Your Ow'n
D¢vice', encouraging collaborative and broad learning opportunities in preparation for the tran51tion (o senior
school..
To implemeni an enhanced BOUNCE progran]me, including trdining for staff, ￿'OrkshopS for parents and a
planned sequence of activities for Year 3 10 Year 8;
To appoint a member of %taff to take on the role of senior mentsl health lead, compleiing the necessary training
to support pupils and staff.
To revicw aspects of divcrsity and inclusion ai the school. including aspects of recruitmettt, leadership aiid the
curriculum",
To itnprove the provision for our mole able pupils through esthblishing staff spe¢ifi¢ally responsible for Gified
and a alenied provision across the Prep and Pr¢-Prep,'
Tv progress thc strategic planning for the school and 5ubsequenlly coll)plete a masier plonning ex¢r¢ise for ¢he
school slte in line with those aims..
To revie*. remuneration of staff including flexible ben¢fJts and pension provision.
Community
To continue to develop the principle of'involvemeni forall, and engagement with the local community, includijig
fitrther Collai￿r￿lI0rt and shared use of faciliues, particularly with local state 5chool8 and Hampton and Richmond
Borougli Football Club
To ensure that the School has a strunger presence locally and regionally through iniiiatives which see the
esthbli.%hment of links with the local commuiiily and ￿sOcIations, whilst using marketing in a targeted manner to
share ne￿'S about School's partnerships and Charitable work.
Infra5tJu¢ture
To continue refvrbishtnenl of the School and upgrading of ¢quipmenl including upgrade of the lighting and audio-
ViSU411 equipment in the School Hall and fi￿￿¢[ initiaiives to reduce carbon emissions towards net-zero.

TM'1CKE￿HAm PREPARATORY SCHOOL
DIRECTOR%, REPORT {eontinued)
TrOR THE YEAR ENDED 31 AUGUST 2023
STATEMENT OF DIHECTORS, RESPONSIBILITIES
Thc Directors aTC respan%ible for prcpaTing the Dire¢tors' Report and ihe f￿an(la] statements ID accordance M'ith applicable
law.. and regulatioRs.
Company law requires the Directors to prepare financial statements for each fll)an¢ial year. Under that law the Directors
have elected io prepare (he financial siaiemellls in ac¢orda]iCE with United Kingdorn Generally Accepted Accounting
Pra¢iice (United Kingdom A¢¢ounting Stdndards and applicable lam,). Uiider Company la￿". the Directors must not approve
the financial stalements unless they are satssfied thai ihey give a true and fair view olthe state of affairs of the charitable
company and of the result of the charitable company for thal year.
In preparing these fJnan¢ial slatemenis. the Directors are required to..
select suitable accounting policies and ihen apply them conslstently;
ake judgments and accounting estimates that are reasonable and prudeDI'
piepare the fJnanci21 sÉatemenis on the going concern basis unles5 il is inappropriate to presLmie that the
charitable ¢ompat)y will continu¢ in busines5.
The Directors are responsible for keeping adequate ac¢oLmting records that ale sufficient to shvw and explain the Charitsble
company's trallsaction5 and disclos¢ with reasonable accuracy at any (ime the fman¢ial possiion of the charitable company
id enable them to ensure that the ftt)ancial stai¢ments cnmply with the Companies Aci 2006. They are also responsible
fur safeguardilig the assets of the charitable Company and hence fortaking reasonable sw)s lor the pr¢ventioll and detection
of fraud and other irre8ulariiies.
So far as each of Ihc Directors ss aware at the tirne the report is approved..
there is no relevant audit inforniation of ￿'hICh the charitable conwany's auth'tors are unaware,. and
the Direeiors have taken all steps ihatthcyoughtto havetaken to ntske themselves aware ofany relevantaudii knfornjation
and to establish that the auditors are aware of that mforn]auo
AUDITORS
In accordance with Seciion 485 of tbe Companies Act 2006, a iesL)Iu¢ion proposing the appointment of Hay5macintyre LLP
as auditors of the Company ￿411 be put ￿ the Annual Genejal Meeting
In prepariDg this repon the Directors have tak¢n advantage of the small companies exempiiorns proTrided by section 415A of
th¢ Companies Act 2006.
AppmvpA hy the. Rn3rd af t)irectors at its rnecti1￿ on 23 November 2023 and signed OD it$ behalf by..
Chairman

INDLPENDENT AUDITOR>S KEPOR'I. TO TIIE MEf*qBLRS OF TII'ICKEYHAM PREPARATORY
SCHOOL
Opfftnion
Ve have audj.ied ihe financial staternents ofTwi¢kettham Prepardiory School for the year ended 31 August 2023 which
co￿P￿se ihe Sthiem¢nl of Financial A¢tivities, the Balance She¢t, the 8tatement of Cash Flows and notcs to the financial
stdtemenLS, including a summary of significant accounting poli¢i¢s. The f]nancial reporting framework that has been
applied in their prepardlioji is applicablc law and UIiited Kingdom Accounting Standards, including Financial Reporting
StandaFd 102 7lie FiniJKcidl R£porting SiortdardL7pplicable in the UK&ptdRepublieofJreland (United Kingdom Generally
Accepted Accounting Practice).
In our opinion, the flnancial statement8'.
gii(c a true and fair view of the state of the charithble company's affairs as at 31 August 2023 and of the charithble
compan) s nei movement in funds, including ihe inLome and expenditure, for the year thesi ended,.
have beell properl). prepared in accordance w'sth United Kingdom Generally Acctpled Ac¢ounling Praclice; and
h)vc b¢en prepared in accordance wsth the requirements of the Companies Act 2006.
Basis for opinio
We ¢ottducted our audit in ac¢ordance M'ith Iniernational Standards on Auditing {UK} {ISAs (UKII and applicable law.
Our rcsponsibilities under those stat]dards aTe further dewribed in ihe Auditor's responsibilities for tlie audit of the financial
SLqtements section of our report. We are independenl of the charity ill accordance with the ethical requirements ihat are
relevant to our audit of the flnancial sthiements in the UK. including the FRC'S Ethical Standard, and we have fuifjlled our
other ethical responsibilities in a¢cordan¢e with these requirements. We believe ihat the audit evidence we have obtained
is sufficient and appropriate to provide a basis for our opinion.
Conelusions relating to golng COllc¢r]I
ITJ audiiing the financial 5(aiements, we have concluded that the direGiors' use of the going conc¢m basis of a¢counting itt
the preporation of the fJnan¢ial staternents is appropriate.
Based on ihe Th'ork we have performed, we have llot idenlified any material ut]certainli¢s relating to events or conditions
Ih(It, indiviaually or collectivelyj may oast signiflcant doubi on ihe chariiable company's ability t(> tontinue as s going
concern for a period of ai least twelve montbs from u,hen the f￿ancial statements ale authoriscd for issue.
Our responsibilities and the regponsibilities of the direclois with respect to going concern arc described in ihe relevant
s¢¢lions of thi.s report.
Other iuformation
I'he directors are responsible for the other infotrnatson. The other infoTmaiion comprises the inforn￿tIOn included in the
Directors, Report. Our opinion on the finaIicial statements does not cover the other infonnation and, except to the extent
othernqse explicitly stated in our report, we do noi express ally fonn of assuran¢¢ COllLlusion thereon.
In conne¢tiotJ with our audit of th¢ financial staiements, our respoDsibilily is to read the other information and, in doing so,
Consider whcther the other inforniation is maierially inconsistenl with the financial statementfi or our knowledge obtaincd
in the audit oi otherwise appears to be ma￿rIallY rnisslaled. If we Identify such maierial inconsistencies or apparent tnateTial
misstatements. we are required io deterniine ￿,hether there is a material misstatemeni in the financial statemenis or a
rnaterial missla￿ment of the other infomiation. If, based on th¢ work we have perfornicd, we conclude that there is a
rnaterial misstslemeiit of this Other inforn)ation, we are required to r¢port that fact. We have iiothing Éu ieport ID this regard.
Opillioll5 on other matters prescribed b), the Companies Act 2006
In our opiDion. based on thc work undertaken in the course of ihe audit..
the Lnformalion given in the Directors, lieport (which includcs the straiegic report and the directors, report
prepared for the purposes of company lawl for the financial ycar for ￿'hICh ihe financial siaiements. ale prepared
is cvnsistenl ￿lIh the financial staitrnet)ts,' and
Ihe strategic report and the dir¢ciors' report included within the Directors, Repon have been prepared in
awordance ￿7th applicablc legal requirernents.
latter$ on which we Ire required to report by exception
In the light of the knowledge and understanding uf the charitable Company and its environment obtained in the course of
the audit, we haiTe noi identified ￿￿terIal misstatements in ihe Directors. R¢port (which incorporates the strategic report
and the diredors. report).
10

1Tr4DEPTr.NDb￿'T ALDITOR'S REPORT TO THE IIIEMBERS OF TMqCKELN'HAM PREPARATORY
SCHOOL (continued)
We have noihlng to report in respect of the follothing rnattcr5 in relaiion to M,hich the Companies Act 2000 requir¢s us 10
report to you il, in our opinion..
adequatc accounting records have not been kept by th£ chatilable company. or
tht charitablc companv financial statements are not in agreement with the accounling records aDd ieiurns. or
ccrtain disclosure8 oldire¢tors' remuneration specified by law are noi made. or
we have not received all thc infomiaiion and explattsiions we require for our audil
Respon5ibilitie5 of direttor$ for the finanei215t#temeD¢5
A% explaincd niore fully in rhe directors, responsibilities staiemenr set out on Pdge 10, the directors (who are also the
Injstees of the chariiable company for the purposes of Company lawl are responsible for ihe preparation of the financial
st&lemcnis and for bcing satisfied that the). give a true and fair view, and for Such internal contrul a5 the direclors deiemisne
is ne¢tyssary io enable the preparatlOD of financial statements that are free from ]naterial misstdlement, wheihtr due lo fraud
or cm)r.
In prcpaTing the financial staietnents. the directors are responsible forassessing the Lharitable company's ability to continue
05 a going ¢oncem. disclo.%ing, as applicable, matter5 related to going concern and using the going conceni basis of
accounting unless the directors either intend to liquidate the chari(able Company or to cease operalions, OE bave no realistic
alternative but to do so.
Auditor's responsibilities for the audit ofthe financial stat¢m¢nts
Our objcctives are to obthin reasonable assurkU]ce about wh¢iher the f￿anCIal staternenls as a whole are free from material
missthtcmeiit, whether due to fraud or ertor: and 10 issue an auditor's report ihat includes our opinion. Reasonable assuran¢e
is a high leiiel of assurance, bui is not a guarantee ihat an audil conducied in accordance with ISAS (UK) will always detect
a material misstaTrment ￿,he￿ it exists. bqibStatem¢nts' can arise from fraud or error and are c4)nsidcrcd material if,
individually or in the aggregale, they could reasonably be expected ¢0 influence the economic dccisions of us¢rs taken ot]
the bÈsis of these financial stal¥rnenlS.
Irregularities. includiDg fraud, are insiances of uon-tompliance with and regulations. Wc design PTo¢edureg In line
'ith our responsibilities, outlined above. io detect ￿￿terial misstalements in re5PCCt ofirregularities, includtng fraud. The
extellt to which our procedures are capable of detecting itTcgularitiCS, including Iraud is dethiled below..
B￿ed our uiiderstanding of the charitable compally and the environment in which it operates. we identified that the
prit)¢ipal risks of noii-compliance Mpiih law5 and regulations related to (he regulatory requirements of the Charity
Lommission, the Independent S¢hools In%pectorate (JSI) and the statutory safeguarding and clll'ld proiection guidance
issued bv ihe DepurtTnent for E.duc8tiot] (DfEI and w'e considered the extent to whi¢h non-cotnpliance inighi have a maierial
effect on the financial statements. We also considered those laws and regulaiions that have a direcl impa¢t on the
prepardiion of the fmancial star¢tnents such as the Chariti¢s Act 2011. Charities SORP {2019), Companies Aci 2006 and
pairyoll t&xes.
We evaluated managem¢nt's inceniives and opporiullilie5 for fraudulent tnanipulation of ihe financial statements (including
the tisk ofowerride of contruls). Audii procedures perfoimed by ihc cngagemenl ieam Lncluded..
Inspe¢iing ¢orrespondei)¢e with regulators and lax authorilie.s,'
Discussions with Jnanagemelkl including consideration of knowi or suspected ingtan¢es of non-cornpltancc with
la￿r$ and regulalion and fraud;
Evaludting maiJagement'5 controls designed to prevent and delect i￿¢gUlaTIties.
ReVIe￿,ing n]iJiules of rneetings in the year.,
Identifying and testing journals. In particular journal entnes posted ￿1th unusual descripiions,. and
Challenging assumptions and judgetnents made by management in ihcir criiical accounting estimates
Because of the inh¢Tent limitation5 of an audit, Ihcre is a ri￿k ihat we will not detect all I￿#guIar1[ICs, including those
leadillg to a material misstatement in the financial statements or non-compliance with regulation. This risk increases ihe
more Ihal compliance with a lam. or regulation is remoired from ihe events and transaciions reflecled in the fLnanLial
staternenls, ￿ we will be less likely io become aH'are of insiances of non-cornplidnce. The risk also greater regarding
I￿egularitICS OCCUJTing due io fraud rather than errol. as fraud involves intentio￿1 concealment, forgery, collusion,
omission or misrcpresentation.
A fiu1her deSCTiPtion of our responsibilities for ihe audit of the f￿ancial st)iements is located on the Financial Reporting
Council'5 w¢bsiie at.. www.fv.
.uklaudiiorsr¢s
nsibilities. This description forn]s part of our audiior's report.

IliDEPENDLNT AUDITOR'S REPORT TO THL MEMBERS OF TM'ICKEFIHAIKI PREPARATORY
SCHOOL {¢ontinued)
Llse of our report
This report is ll￿de solely to the charitable compangs members, as a body. in accordance with Chapter 3 of Part 16 of the
Companie5 Act 2006. Our audit ￿'ork ha5 been Jndenaktn qo thai ￿'e mighi state to the charitsble company's menibers
those matter5 ￿'t are required io state to the￿ in an Auditols report and for no other purp05e. Tu the fullesi exient pemiitled
by law, we do not accepl orassume responssbility to anyone other than the charithble cotnpanyand the charitable companls
members, as a body, for our audit work, for this reporL or for the opinions M'e have fornied.
Jane Askew (Senior siaiuiory auditor)
for on hehalfofHaysmocintyre LLP, Sialutory Audiior
6 December
10 Quecfr7 Sireei Place
London
EC4R IAG
. 2023
12

TM'ICKENHLM PREPAIL4TORI' SC1400L
iI'ATEP*lEIS'T OTr FIN'ANCIAL ACTIVITJES
OR THE I'FAR ENDF,D 31 ALGUST 2023
Unrestrieted
funds
Restricted
funds
Total
2023
Total
2022
Iyotes
INcof+l£ FROM:
CharitAble aetlvffitles
School fees receivable
Other educational income
Catering and Ivclfare income
Other income
Donktions 8nd Legacies
Donatiot]s and grant income
Investments
Interest receivable
3,704,985
239,909
218,329
48,603
3,704.985
239.909
218,329
48,603
3,396,119
188,328
204,107
41,569
95
4,286
4,381
18.383
14,336
14,336
3.905
TOTAL INCONIE
4,226,257
4,286
4,230.543
3,852,411
EXPEfsDITURE
Charitablt aetlvitles".
Schuol operating cosis
- Teaching costs
- Welfare cosis
- Premises costS'
- Support Costs of schooling
2.779,766
208.646
622,823
402.905
4,286
2,784,052
208,646
622,823
402,905
2.606.913
201.158
530.120
377.671
4,014,140
4,286
4,018,426
3,715,862
Rais1￿8 funds
Finan¢e Costs
33,128
33,128
15,133
TOTAL EXPENDITURE
4,047,268
4,286
4.051,554
3,730,995
NET JNCOLIIE FOR THE YEAR
178,989
178,989
121.416
Funds brought fonvard al I September 2022
3,147.450
4,000
3,151.450
3,030,034
Funds carri¢d forward at 31 August 2023
£3,326,439
£4,000
£3,330.439
£3,151,450
There w'ere no re¢ognised gains and losses other than those showll in (be above Siai¢m¢nt of Financial Activities.
The notes on page$ 17 to 27 forni part of these accounts.
13

TM'ICKENHAIII PREPARATORI, SCIIOOL
REGISTERED COI¥IPAh'l' NO: 3475951
BAL￿Ck SIIEb.T
AT 31 AUGUST 2023
2023
2022
Iyotes
FIXED ASSETS
Tangible flxed asseis
3,395,181
3,492.221
CURRENT ASSETS
4,737
170,785
1,209,770
6,600
167,333
961,047
Debtor
Cash at bank and in hand
12
1,385,292
1,134.980
CREDITORS.. amounts fall&ng dye
wlthin one year
13
{1,199,534)
(760,717)
185,758
374.263
TOTAL ASSETS LESS
CURRENT LIABILITIES
3,580.939
3,866,484
CREDITORS: #rntsunts falling due
after mor¢ th#D one year
14
(250,500)
(715,034)
£3,330.439
£3,151,450
FU.N'DS
15
UT)restricled funds
Restri¢t¢d fund5
3.326,439
4,000
3,147,450
4,000
TOTAL
£3,330,439
£3.151,450
The notes on pa8e5 17 to 27 lomi part of these accoutits.
The f2nancial ststement8 were approved and authorised tor issu¢ by ihe Buard of Ulle£lor5 on 25 Novemb¢r 2023 and
M'ere signed below on its behalf by..
Harry Bat
Jessic
arvey
14

TM'ICKEISHAM PREPARATORY SCHOOL
STATEMENT OF CASH FLOII'S
FOR THE YEAR ENDED 31 AUGUST 2023
2023
2022
CASII FLOV*'S FRO]¥I OPb114TING ACTIVJTIES
het moTr'ement in fujjds for the reportlng period (&$ per
the statement of financial activities)
178,989
121,416
Adjustment5 for..
Depreciation charges
Loss on disposal of fiKed assets
Investment income
Financing costs
(Increase) in debtors
InCre￿e in Gredilors {excluding lees in advance and bank
loans)
Decreasellincrease) in stock
In¢reas¢l(decrease) in fees in advan¢¢
161.428
234
(14,336)
25,832
(3,452)
31,551
171,505
2,538
(3,905)
14,560
(31,982}
88,612
1,863
19,442
(2,281}
(2.148)
222.552
236,899
Net cash provided by operating aetivities
401.541
358,315
CASII bLOM'S IIliOM INVESTING ACTEVITIES
Investmefti income
PayTnents for iangibl¢ fixed assets
14,336
(64,6121
3.905
{122,0851
Tiet cash used iD imvesting activlties
{50,276J
(118.1801
CASH FLOWS FROM FINANCTh'G ACTII'ITIES
Cash outflow froin burrowing
Financing costs
Capithl repayment of loans
(25,8321
{76.710)
(14,560)
(152,398)
Net ¢a5h provided by financing acti￿11¢$
(102,5421
(166,9581
CHLYGE CASH AND CASII EQUIVALENTS IN
THE REPORTING PERIOD
248,723
73,177
Cttsh and cash equivalenis at beginning of the reporting
perlod
961.047
887.870
Cu&li uiid ¢quivalellt& at the ¢Jkd of the reporting
perlod
£1,209,770
£961,047
ANALYSIS OF CASH AN'D CASH EQUIVALENTS
2023
2022
Cash at bank and ITJ hand
Cash on deposii
1.059,770
150,000
311,047
650,000
Total cash and Lash equivalents
£1,209,770
£961,047
The notes on pages 17 to 27 forni part of th¢se accounts.
15

TII'ICKENHAM PRLI PA]L4TORY SCHOOL
IINALI'Sl&+ OF CIIANGES IN NET DEBY
OR THE YEAR EN'DED 31 AUGUST 2023
Analysi5 of ehallEes All Met debt
At start of year
Cash flows
Otbe
movements
Al end of
year
961,047
(28,977)
{467,5341
248.723
76.710
1.209,770
{419,801)
Loans falling du¢ within one year
Loans falling du¢ after one year
(467.534)
467,534
Total
£464.536
£325,433
£789,969
I'he notes on pages 17 ÉO 27 fomi part of these accounts.

TW'ICKE￿'HATh{ PREPARATORY SCIIOOL
NOTES TO I'HL bINANCIAL STATEMENTS
OR THE YEAR ENDED 31 ALGUST 2023
ACCOUNTING POI,ICIES
Accounting convention
The financial stai¢menis have been preparedunderthe hists)rical cost convention and an ac¢ordance with the applicable
Financial Reporting Standard (FRS102, effective fTon] l Jart￿ry 2019).. the Siatern¢ni of Recornmetided Practice for
Charities {SORP 2015, second ¢diiiOU efleclive January 20191 and the Companies Act 2006. T￿]CkenhaM Preparalory
School meeLs the definition of a public benefii entity under fRS 102. It is a ¢omp2ny limited by guarantee and
incoryorated in England and Wales. The Registered Office is." Beveree, 43 High Street. Ilampton, Middl¢sex, TW12
2SA.
Ineome
School fees ¢omprise charges for the schoc>l less bursari¢s and alloH7n¢es. Other educational income 2nd Catering
income is accounted for on a rec¢ivable basLS.
Donatiolls
Douations dre recognised in the Staternent of Fioancial Activities when r¢¢¢ivable.
Grant Ineome
Grani iti¢ome, including g7ovemm¢nt grani income. relaling to reveauc is recognised in thc Staternent of Financial
Aciivities on an acC￿￿lS b￿15 in the same period as the rclai¢d costs for which ihe grant 15 intended to compensate
provided that there is evidence ofentitlement, receipt is probable and the amoLmt can be measured reliably.
Depreciatio
Depreciation of tangible fixed &s5ets is calculat¢d so as to ￿lte the cost over their estimated useful economic lives.
D¢pr¢ciation ratcs are as follo￿￿..
Fre¢hold buildings
reehold improvcmenls
Molor Vehicles
Fixtures, fittings and fum2ture
Electronic equipment
on a Strdighi line basis over 50 years
on a straight line bas￿￿ over 10 years
on a stsaighi line basis over 5 years
on a straight line basis over l O years
on a straighi line basis over 5 years
Stoeks
Stocks are stated at the lower of cosi md net realisable value.
Expenditure
Expenditure is allocated to expense headings on an a¢¢n￿lS basis. The irrecoverablc VAT element is incluoed with
the item of expense to which it relates.
Govern2nce costs
Governance costs includc the wsts of ihe audit of the statutory accounts and advice on legal, property and other
matters.
Pension contributlollS
I"h¢ Company contribute5 to the Teachers. PeJ)sion Scheme. Payments are made to ihe Teachers" P¢nsions Agency
in accordance witb ihe Teachers, SuperatinualTron ICons01idationl liegulations 1988, as amended. L'ontributions
payable in respect of the accouniing period are cbaigEd to direcl chariiable expendilure.
Tbe Company coiitribuies to a separate der￿ed contr5bution scheme for non-teaching staff. ContTibutions payable in
resyect of the accounting period are char8ed to direct ¢hariiabl¢ expenditure.
Lease tran5action$
Renials ujider operaiing leas&8 are charged to the Statement of Financial A¢tivilies as they fall due.
L,nrestrieted funds
Unrestricted funds comprige fimds noi subjeciio allyrestrictions regarding their use and ar¢ available for any charitable
puryose ofthe Company.
17

TII'ICKENIIAM PKEPAJIATORY SCIIOOL
NOTES TO THE FP4ANCIAL STATEMEYTS (¢ODtiDued)
FOR THE YEAR ENDED 31 AUGUST 2023
ACCOL,NTINC. POLICIES (continued)
lie5trieted fuRds
Rc5tricted funds comprise fimds donated to the Company to b¢ applied towaids specific capital and revenue items.
Taxatlon
The Company is a register¢d Charity. Ally surplus is applied solely for ihe purtx)s¢ of the charjty and xs exempt from
corporétion tax.
Finatlcial Instrument¥
Basic financial itisirujnents are initldlly recognib¢d at iransactioii value aiid subsequently rneasured at amortj5ed cost.
Financial asseLS held at an)0rt15ed cost comprise cash al bank and ill hand, iogether ￿1th trade and other debtors. A
specific provision is madt for debts for w.hich recoverability is in doubt. Cash at bank and in hand is defined as all
cash held in it)slant access bank ar¢oun¢s and used as worhng capital. Financial liabilities held at amortised cost
comprise all credilors except social security and other taxes and provisions. A55ets and liabiliiies held in foreign
currency are translated to GBP <*t the balance sheet date at an appropriate year end exchange rate.
Critical aeeounting judgement5 and key sources of estimatioD uneertainty
In the view of the Directors there are DO areas of mat¢rial critical accounting judgcments or material estimaiion
uncertainty in the a¢counts.
Going Concer
The Directors believe that there are no maierial ut]certainties over the School's abiliiy io Continue operating as a goit)g
ctsncern. In making this assertion the Directors have Considered detailed budgets for boih the next twelve months and
sirategic plan5 for the medium tcnn and are satisfied thai the liquiditv of the business Is sutTicient to meet the business
Tequirements in¢luding any obliEations arising from fiiiaiicial, operating and other condilions.

TwICKE￿,11Am PREPARA TORY SCHOOL
NOTES TO THE FJNANCIAL STATEIMENTS (Contittued)
OR THE YEAR ENDED3] AUGiJST 2023
SCIIOOL FEES RECEIVABLE
2023
2022
Full fceg for pupils at ihe Schoo
Legs.. bursaties and allowan¢¢s
3,806.660
(101,6751
3,541,672
(145,553)
£3,704,985
£3,396,119
OTHER EDUCATIONAL I.NCOME
2023
2022
Private tuition income
Registration fees
School trips
79,880
6,800
153,229
63,567
10,350
114,411
£239,909
£188,328
OTHER LNCOME
2023
2022
Srhool fees protection insurance
Book and uniform sales
Home to School minibLts servic¢
Rental income
Other income
3,993
3.938
23.587
14,251
2,834
6.741
4.633
12.702
12,509
4,984
£48,6L)3
£41,569
DONATIONS
2023
2022
Unrestricted donations
Restricted donations
95
4286
97
18,286
£4,381
£18.383
EXPLliDITURE
2023
2022
Charitable cxpenditure includes..
Depreciation
Loss on di5PO&<il of fixed assets
Op¢raling leases- oth¢r
161,418
234
37.117
171,505
2.53S
36,550
Governance bosls includes..
Auditvrs, remun¢ratioIi for audit
15,960
13,884
19

TWICKENHAM PREPARATORY SCHOOL
OTES TO THE FIYA.NCIAL STATEtIlENTS (continued)
FOR THE YEAR ENDED 31 AUGUST 2023
CIL41UTABLE ACTII'ITIES
Staff costs
(note 8)
Other
Deprecfiation
Total
2023
Charitable activities
School operating costs
Teaching costs
- Welfare colts
2.391,799
122.446
92,811
227.810
392,253
86,200
368,594
175.095
2,784,052
208.646
622,823
402.905
161,418
Support costs
£2,834.866
£1.022.142
£161,41
£4,018,426
Staff eosts
(note 8)
Other
Depr¢£iatio
Total
2022
Charitable activities
School operating cosis
Teaching costs
- W¢lf3re costs
Prcmises
- Support costs
2,257,095
120,829
76,883
224,687
349,818
80,329
281,732
152,984
2.6U6,913
201,158
530,120
377.671
171,505
£2,679.494
£864.863
£171.505
£3.715.862
All costs relate lo the one aLtivitv of operatit]8 the School. Jncluded ￿￿tIll"n other support costs are governance
Ctssis of £20,58812022.. £23,320).
STA￿￿ COSTS
2023
2022
Salaries and wag
Soci&l security costs
Pension costs
2,208,639
217,164
409,063
2,077,539
207,701
394,254
£2,834,866
£2,679,494
The iotal value of all compensation and benefits provided to the key managemeni p¢rsonnel in the Ye￿ w'as
tyuts,449 (2U22'. £581,428}.
The averagc number of e]2]ployees during the year made up as follows..
No.
Teaching
Full time
Part time
Other
Full time
Part lime
17
19
18
25
28
69
70
20

TM'ICKEI¥4HAM PREPAIL4TORY SCIIOOL
TrIOTES TO fHE FINANCIAI. SI'ATEMENTS (continued)
FOR THE YF.AR ENDED 31 AUGUST 2023
STAFF COSTS {etsntinued)
The number of en]ployees whose ¢rnoluments exceed¢d £60,000 were:
£ioo,001 £iio.000
£60.001- £70.000
Three of the above employees have relirement benefjls accruing under a d¢fLned benefits sch¢m¢ and oJ)¢ undeT
a defined contribution scheme.
FINANCE COSTS
2023
2022
Bank ciwges
Bank interest on loans repayable Mryth]"n five years
Bad alld doubiful debis
Fe¢s ill advance discount
642
25,832
3,753
2,901
764
14,560
{6.0651
5.874
£33,128
£15.133
io.
GOVERP40RS' REMUTr4ERATION AND EXPEN.SES
No Temuneration or benefits were providcd to atly Governor. No expenses were rekmbursed to any Governor
dutLnE the ycar12022.. £tsil).
Two of thc #overntsrs during the y¢ar (2022.. three) bad children in the school and paEd full ftcs.
IJ. TAD*GJBLE FIXED ASSETS
Freehold
land and
buildings
Flxture5,
riiting5 2nd
furniture
Freehold
Improvements
Motor
Vehicles
Electronic
equipment
Total
Cost
Ai l %eplember 2022
Additions
Disposals
4,135,136
318,630
501,526
10,512
-316,345
25,900
(23,380}
5,271,637
64.612
{23,380J
28.200
At 31 Au8uSt 2023
4,135,136
3 Ig,630
28,?00
512,038
3 18,865
4,312.86Q
Depreeigtion
At I Sepiember 2022
Charge for the year
Disposals
993,235
82,703
220.354
17.887
333,362
29,268
232.465
31.560
123,146)
1,779,416
161,418
{23.1461
Ai 31 August 2023
1,075,938
238,241
362,630
240,879
1,917.688
Net Book Value
Ai 31 August 2023
£3,059.198
£80,389
£28,200
£149,408
£77,986
£3.395.181
At 31 August 2022
£3,141,901
£98.276
£168,164
£83,880
£3,492,221
21

TNI'ICKENIIAM PRb PARAI'ORY SCJIOOL
IYOTLS TO THE FINANCJAL.8TATEMEI%TS (continued)
FOR THE YEAR ENDED 31 ALGUST 2023
12. DEBTORS
2023
2022
Fees receivable
Prepa!mcnt.% and a¢¢n￿d incorne
Other debtors
9,960
155.031
5,794
152,439
3,716
£170,785
£167,333
13. CREDITORS- Amouut$ falling due
within oDe year
2023
2022
Bank loans
Tiade Lreditors
Fees re¢eiN¢d in advance
Svcial security payable and other tsxatioll
Pupil deposit5
Accruals and deferred in¢orn¢
Sulldry creditors
419,801
117,215
397,774
53,488
26,000
135,869
49,387
28,977
128,039
378.332
52.000
23,500
99,319
50,550
£1.199,534
£760,717
14.
CREDITORS: amoutlts falliu¥ due
after one year
2023
2022
Pupil deposits
250,500
247,500
Bank loans
Due between one and two years
467,534
467,534
£250,500
£715,034
The bank loan facility of £700,000 was dra￿] on 3 April 2019. The ternj of the loan is 5 Year.￿ with a
20 year amortisation profile. The loan of £419,801 is rcpayable by 3 April 2024. The repawient is by
instalments and the loanbe￿5 interest at a floating late of1.86¢/o oi'er base raie. Durit]g the year, an additional
overpoyrnent wa5 made of £47,950.
bl
The bank loan is secured by a first legal charge over the frechold ptoperty of the Srhool ai 43 High Streel
Hampton.
22

TII'ICKENHAM PRbPARATORI' SCHOOL
NOTES TO TIIE D INANCIAL STATF,MEliTS {eontinuedl
FOR THE YEAR ENDED 31 AUGUST 2023
IS. FUNDS
Balance al
31 August
2022
Transfers
betiveen
Funds
Balance at
31 August
2023
Total
income
Total
expeDditure
MOVEMENT IN FLNDS
The movement in funds duriiig
the year was n]ade up as follows.
Unres¢ricted fvnds
3,147,450
4.226,257
{4.047,268)
3,326.439
Restricted funds
Parents, Committee
4.000
4.286
14,286)
4,000
£3,151,450
£4.230.543 £{4,051,5541
£3,330,439
"Parcnts. Commirtee" relates io donation5 received from the Parents, Commillee toH'ards vaiioux projects. During
thc year, a donation of £4.286 received for the continued funding of the lease of a minibus. The £4.000
previously assigned 10 the development of the reaT grounds at 51 High Stseet has now been re-assigned I0￿rdS the
upgrad¢ of Hall media equiptnent.
ANALYSIS OF NET ASSETS BETWTEN FUNDS
L'llrestricted
fullds
Restricted
funds
Total
funds
Fund balances at 31 Augusi 2023 are repres¢llted by..
Fixed asse
Net CU)Tenl assets.
Long terni liabilities
3,395,181
181,758
(250.500)
3,395,181
185.758
{250,5001
4.000
£3,326,439
£4.000
£3.330,439
16. SHARE CAPITAL
The Company is limited by guarantee and iherefore has no issu¢d share capital. In th¢ ¢v¢nt of a ￿'indIng up each
ember, currently 12 in (otsl. agrees to contribute £1.
23

TWICKb:NHAP+q PRLPARATORY SCHOOL
NOTES 'I'O THE FIINAIYCIAL 51'ATEMENTS (continued)
FOR THE YEAR ENDED 3] AUGUST 2023
17. PEliSIOY COSTS
Teachers. Pension Scberne
The Schvol participates in Ilie l-ea¢hers' Pension Scheme for its leaching staff. The pet)sion Charge for the year
includes ¢oniributions pavable tsf £347,5 18 12022.. £336,418) and at the year end. £41,060 (2022.. £36,610)
accrued in r¢￿e0t of contributions to this scheme.
The Teachers, P¢nsion Scheme is an unfunded multi-employer defiDed benefits. pension scheme govemed by The
Teachers Pensions Regulations 201 O las amcnded) and The Teachers, Pension Scheme Regulations 2014 la5
amended). Members conthbute on a'pay as }'ou go" basis with ¢ontributiong from members and the employer being
crediied to the bxchequer. Reiiremenl and other pension benefiis are paid by publi¢ fujids proi'ided by Pdrliatnent.
The ernploycr Contribution ratc IS set by ihe Se¢retary of Stste follo￿l￿g scheme valuaiions undettsken by the
Goverjiment Acruary's Departrnent. The most recent actuarial valuation of the Teachers, Pension Scheme was
prepared as at 31 March 2020 and the Valuaiiott Report was published in Oclober 2023.
Followng the M¢Cloud judgement, the remed}, proposed that when benefits become payable, eligible members can
select to rec¢ive them frotn either the refornied or legacy scbemes lor the period l April 2015 to 31 Marcl) 2022.
The acwaries have assumed that n)embers ale likelv to choose the oplioii that provides them with the greater
benefits, and in preparing the 2020 valuation have valu¢d the 'greater valu¢, benefits for groups of relevant
embers.
The valuation ¢onfirn)¢d that the emplosier Contribution rate for the Tea¢hers' Pension Scheme would increase from
23.6¢/o to 28.60/. from l April 2024. Employers are. also Fequired to pay a scheme administraiion leTry ol- 0.08 /0
giving a total employer contribution rate of 28.680/0.
Defined Cotttribution Chemes
The Company contributes to a separate scheme for non-leaching stsff under'fhe Independent Association of Prep
Schoolts. This is a defined contribulion s¢heme. The assets of the sch¢me arc held separaiely from ihose of the
Cotnpany in an independently adrninistered fund. Contributions are paid based on the recommendaiions of a
qualified 4tctuary and are charged to resources cxpended when they become payable. The pension Charge for the
year in respecl of this scheme was £61,107 {2022-. £57.739). At the year end. £Nil12022: £5,514} was accrued in
re5P¢Ct of ¢ontributiot]s to this scheme.
The Company contribL)tes to the NEST peDsion scheme for iion-leaching ￿'OrkerS meeting the criteria for auto-
enrolment. This is a defined ¢Lintribulion scheme sel up by the (ioveTnment. I"he a8set5 of the scherne ale held
separately frurn Ibose of the Company in an independently admini51ered fund. Contributions are paid based on ihe
regulalory minitnum contributions and are charged to resources expended whell they become payable. The pension
Lharge for the year in respcct of thi5 scheme was £438 (2022-. £97). Ai ihe year end, £17812022.. £44) was accrued
in respeci of ¢Ontriblltions to this scheme.
18. OPERATING LEASE COMMITMENTS
At 3 1 August 2023 the total future EEllniJnum lease payments Lmder non-¢an¢¢llable operating leases were as follows..
2023
2022
Not law thall one yeat
Be¢ween one and five years
28,940
28,621
35.679
26.587
£57,561
£62,266
24

TIIIICKETr4HAM PREPARATORY SCHOOL
TriOTES TO THE FINAP4CIAL STATE.MEh'TS {coDtittued)
FOR THE YEAR ENDED 31 AUGUST 2023
19. BILATED PARTY TRAf4SACTIOF4S
During the ycaT the School employed the wife ofmtke Michael. a Governor of the School until his resignation oll
21 June 2023, as a part lime leaching assistant. Her appoiiiltnent ID December 2014 was carried out in accordance
with standard school re¢nLiiment procedures under tlje same conditions as thal offered to all other sthff rnembcrs.
No Governor was involv¢d in the recruitment process. Mrs Nqichael left her cmplo)rynent ￿ the School on 31 August
2023.
There w¢r¢ othei related party transactions.
25

TM'ICKENHAIWI PREPARA TORY SCHOOL
NOTES TO THE FIIYANCKAL STATE￿IE￿￿T5 (Continued>
FOR THE I'EAR ENDED 31 AUGUST 2023
20.
STATENqEN'T OF FINANCIAL ACTIVITIES FOR THE PRIOR YEAR
UDrestri¢ted
funds
Restricted
funds
Total
2022
INCOME FROM:
ChArAtable #etivities
School fees receii'ablc
Oiher educalional income
Calering and ￿le1[are income
Othei ii?come
Donation$ and Legacie5
Donations and grant incon)e
Inveslments
Intgrest r¢ctivable
3,396,119
188.328
204,107
41,569
3,396,119
188.328
204,107
41,569
97
18,286
18,383
3,905
3,905
TOTAL INCOME
3,834,125
18,286
3.852,411
EXPETr4'DITURE ON:
Charitabl¢ activities:
School operaiing costs
Teaching c08ts
- Welfare cos
- Pren)ises costs
Support costs of sLhooling
2,602,627
201,158
530,120
377,671
4,286
2,606,913
201,158
530,120
377,671
3,711,576
4,286
3.715,862
Raising
Finattce costs
15.133
15,133
TOTAL EXPEFIDITURE
3,726,709
4,286
3,730.995
NET Th'COME
107.416
14.0(X)
121.416
TRANSFF.RS
Gross transfers between funds
16,637
116.637)
NET INCOMEI{LXPENDITURE) FOR
THE YEAR
124,053
{2,6371
121,416
Funds brought forwatd ai I Septemb¢r 2020
3,023,397
6,637
3,030,034
FuDds tarried forward at 31 August 2022
£3.147.450
£4.000
£3,151,450
There were no r￿QgnISed gains and losses other than those shown in the above Sthtement ofFinancial
Activities.
26

TM'ICKENHAM PREPARA TORY SCHOOL
NOTES TO THF. FIYI ANCIAL STATEfvIES'TS (eontinued)
FOR THE YEAR ENDED 31 AUGUST 2023
21. FUNDS IMOVEMENT FOR THE PRtOR YEAR
Balance at
3J Au%ust
2021
TJ'an5fers
behyeen
Fund5
Balancc at
31 August
2022
Total
income
Total
expenditure
MOI'EMENT IN FUNDS
The movemenl in funds during
the Jear was made up as follows..
unreStric￿d funds
3,023,397
3,834.125
(3,726,709)
16,637
3,147,450
Restricted funds
Parents, Committee
Bursar}. Fund
Radio Ststion
8,286
(4.286)
4.000
6,637
{6.637)
(10.000)
10,000
£3.030,034
£3.852.411
£(3,730,995}
£3,151,450
"Parents, Committee" relates to donations received from the Parents. Committee tow{￿05 various projecis. During
the year, donations totalling £8,286 Th'ere ￿e]Ved.. £4,286 was expended ot) the continued fuiiditig of the lease of a
minibu5 and £4,000 was assigned to the dcvelopment of the rear grounds at 51 High Streei.
"Bursary Fund" relates to a donation received from a benefactor to fund an acadtrmic means tested aw'ard for
¢hildlret]} who would not othenvise be able to atiend the School. The fund was fvlly expended during the year ￿'1th
continued funding tOMi&rds oll¢ pupil's fees.
"Radio siation" relates to a donaiion from lh¢ Limbachid family which wa5 fully utilised in the year to purchase
rddio station.
ANALYSIS OF NET ASSli'I'S BETWEEN Fu￿Ds
Unrestricted
funds
Restrleted
funds
Total
rullds
Fund b21ances at 31 August 2022 are rq)rttsented by..
Fixed assets
Nct CLmt asse
Long terni liabiliiies
3,492,221
370,263
(715,0341
3,492,221
374,263
(715,034)
4,000
£3,147,450
£4,000
£3,151,450
27