TIVICKEN'HAN,I PREPARATORY SCHOOL (A Conipniiy l.1niiled b), Gulli'iiiit¢e) REPORT AN'D fip4ANCiAL STATETIqENTS FOR THI;, )'EAR ENDED 31 AUGUST 2024 Coinpaii), Niimbei.: 3475951 Regisicrcd Clithi'ily ]Yuniber: 1067572 NU NWllNlll *AOY8SW3• 1410312025 COMPANIES HOUSE A11
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TMIICKENI.IAM PREI PARATORY SCHOOL REPUR'I. I,"IIN'ANCIAL SiTATEN.IENTS roR"1"14L YE.41l li.N'DLI D 3J AUGUST 2024 CONTENTS Pnge DireLlor5' report liidepeiidenl auditor's report siatemenl of finai)cial aclivilies Balance sheel Casli tlow siaieiiici)I 14 Chaiiges in nei debi Noies io Ilie finai)cial siaiemeiils 16-26
I"IVICKE( 'H.41 PREPARATORI, SCHOOL DIRECTORS, REPORT I.-OR THE IIEAR ENDED 31 AUGUST 2024 Tl)e Dii'eclors preseni Ilieii. ai)Jlll411 repoi'l lor ihe yel4r ei)ded 31 Augusi 2024 ui)der il)e Conipaiiies Acl 2006 aiid the Charilies Acl 1993. iogeil)cr ii'iili Ihe Jiidiied finaiicial siaiemenis foi. Ihe year, aiid coiifirni Iliat Ilie latler eonii)ly iiiiili Ihe requirei)ieiiis of ille Coinpaiii¢5 Aci 2006, 11)e Coiiipany's Ai1icles of Associaiioii, Il)e Cliiiritie5 Aci 201 l and Ilie Charilie5 SORP (FRS 102). IiEFEREh'CE AND ADIlqlNISTRATIVL INFORN'IATior4 DIRECTORS The Directors of ihe Coinpaiiy. Ivho are also the charily trnsiees k)i)d ihe Goveniors of ihe School, who senied during Ihe year aiid subs4ueiiily were.. Mr Hnrrv Bales Mrs Jessica A Hrfirvey Mrs Seana C Ball Mrs Kalpaiia Bhalla Mr Philippe L Buron Mr5 Elizab¢tli M Fcrgusoii N4iss Barbara A Flighi Mr Paul J Kenny Mr Andreiv J Murray Ms D Jane O'connor Mr5 Ros411yii S Oli)ey Mr5 N Gillian Ivanns Mr Heniy IVan)er (ChAirnian) (Deputy Chairn)ai) ii*iih effecl froni 26 Oclober 2023) (Appoinied 27 Sepiember 2023) (Appointed 18 Seplember 2023) (Appoinled 21 Jiiiie 2024) (Appoinlcd 8 March 2023) (Appoii)ied 26 Jui)e 2024) KEY MANACEIlqE]YT PERSONNEL Ab'D PROFISSIONAL A.DIII.8F.R.S 14EADIIIASTER Mr Oljiier Barr¢ii IiEI' NIANAGENIENT PERSON'NEL K¢y n)ona8emcnl persoiiiiel iiic141d¢ Ili¢ H¢adm8sler and six menibers of th¢ Seiiior Leadership Tearn. BAiYKERS Barclays Baiik pl¢ Onslow Hall Liiile Greei) Richmond Surrey I"M19 IQS AUDITORS Haysmac LLP l O Queeii Streei Place Loi?don EC4R I AG SOLICII"ORS lealc Wasbrougli llizards LLP Narroiv Quay House Narroiv Quay Bristol BSI 4QA
'rMIicKEh'HAfvI PRLPARAI'ORY SCI4OOL DIRECTORS, REPORT {¢oiilib)iJcd) FOR TIIE I'E.4R ENIDED 31 AUCUST 2024 STRUCTURE, GOIICRh'AINICI=. AND N'I.4N'AGEh'lETr4"r Tii'ickeitham Pr¢paraiory School (I'PS) Ivas loiiiided ii) 1969. Tlie School 15 Iiicorporaled as a Coinpanv Limiicd by Guardiiiee dnd is a iegisiered cl)arily. Iiiiniber 1067572. Its regisiered COTI)pan)' iiuinbei- is 3475951. The Registered Office and address ol Ihe scljool is IK 143 14igh Sireei. 14ampioii, Middlesex, TW12 2SA. During Ille year, Ihe Conipan)tr ivas govemed by lis Articles of Associcltion iiihich ii.'ere modenlised in 2019 10 reflecl changes iii legisliilion, besi practice in ihe charities and indepeiideili scl)ool seciors, aiid the Inaiiner in ivliich the charily 15 gov¢rn¢d aiid operaies in praciice. The Dir¢cior8 al'e elecle(l ai a fiill r)irr.c,Ini'%' Me.e.ling 01) the sis oftheir eligibility, P8rr4onal coii)pclencc, Jpccialisl skills and local ai'ailabilily. Neil, Goveniors are inducied into Ihe ivorkings of Il)e School, and also ofil)¢ Company as a regisiered Charit}'. All Goiiernors are encouraged io aiiend relevant Iruslee Iraining opponuiiilies. The Direciors n)eei as ¢1 ]30¢lrd ai least iliree limes a Jieni. 10 deierniiiie the gener<il policy of Ihe cliariiable compxiiy aiid io revieiii lis overall mJiiagemenl and conlrol. for iiihich ihey are legally responsible. Sub-comiiiiiiees of Ihe Board ¢oinprisiiig DireGiors, (ogeilier iviih soine kes1 manageinenl persoiu)el represeniaiioii, also meei Ai leasi ihree limes a year or as required io underlake more detailed rcvieivs of opernlional mai)¢igemeiil' iliese coiiii)iiiiees report direcil), io tlie Board aild mak¢ reconiniei)daiioiis for Board approval. CU¢1111Y, Ihere hre four sub-coiiiniiitee5 of ihe Board.. Educalion; Finaiice. Risk aiid Sii'aiegy. 01)d Preinises. The Hielfare aiid safely of tl)e Scliool comn)unily is of parainouiii importance a scliool Healih ai)d 88feiy ¢on)miiiee, comprising employees nnd wilh Director represeniaiion, reporls lo ihe Risk and Siraiegy Committee. The dny-lo-day ruiu)iiig ofil)¢ School is delegaied io ilie Hendniasler supported by Il)e Seiiior Leadership Team and 108eiher Ihis groLIP ¢lre Ilie key n)8iiagemeni perqonnel. Ilemuiieraiioii is sei by the Board, iiiiih (lie policji objective of cnsuriiig appi'opriate iliC¢lilives 10 eiicoura8e eiiliajiced pei'forniance ai)d rem'ai'ding individual coniribuiioiis io ihe Scliool's succe.s8. The approprialciics5 aiid rclev4iic¢ of Ihe pay i)olicy is revieiiied a1UallY iiicludiiig refereiice lo coniparisor)5 Ivill) oihei. ii)depciideiil scliools io eiisure Iliai ive rei)iain seiisilive lo Ihe broader issues of Pli y Jnd employnieni coi)diliotis wiihiii (he se¢ior. Deliver), of ihe Scliool's charitable vi.sion aiid purpose is primai'ily depeiideni 01) oiir key Inanageinenl personi)el. siaff cosls are Ilie lar8CSI 5ii1gle eleineiit ofour cliariiable expeiidiiure. OUR AINIS The objecls, a5 s¢1 out iii Ilie Articles of Associaiioii adopled on 7 November 2019, arc lo advan¢¢ educaiioi) in¢ludiiig (bul iiol liniiled lo) Ilic proiiisioii of a school or schools in Greai Brilain. Thcse updated objccls clarify the chariiabl¢ pury)os¢ aiid ivill lllloiii ille chariiy 10 fiJril)er lis purposes for the public beii¢fil in a bro<ider maitsier. Our visioi) siaiemeni is.. ' W¢ will eiiable each child 10 ihrive personall)1 socially and acAdemieally, preparii)E ihen) for ihe future by creatin8 an Ciiiiiroiwicnt thai pronloies wellbeii)g, eiicoura8es curiosil Ji ai)d ¢elebraies iiidividual success. Ve aim lo provide a rst-clasS ¢du¢aiioii iiiiihiii a slruclured ¢nvironnieiil Il)at dei'elops oiir piipils, capabilities, conipetenGes aiid skills eiiabluig Ihem io fulfil Ilieir poleiilial. We i)roinoie ihe acadeinic, nioral liiid physical deiielopmeiii ofour pupils through our acadei)iic cun'iculum, pasior£il caie. sporiiiig aiid oilier acijiiilies. Ille aciively 5e¢k to build pupi Is, self-confldence and resilieilce ai)d lo inculcate iii iheni a desire 10 coi)IribLiie 10 Ilie u'ider communiiv. In so doiiig, aim io prepare our pupils for ihe opporluiiities, responsibililies and experieiice of laier life. OUR OBJECTIIIES Our objeciives are sei 10 reflecl Ihe educic lion¢l1 aims aiid eihos of ihe School. li) seiiii)g our objeciives aiid planniiig our aciivilies, ilie Direciors li<ive giveii careful consideraiioii to Ilie Ch41rily Coinni issioii's piiblic benefil guidaiice.
TIVICKLI N'HAM PRLI PARATORI, SCHOOL DIRECTORS, REPORT (continued) FOR THE I'1,=.4R ENTDID 31 AUGUST 2024 OUII OB.I[I CTIIIES (contiiiued) Key objeclives for ihe year ivere.. Acadeniic ai)d Pastoral To ii)Iroduce Ilie Prc-Sei)ior Baccalauieale (PSB) ciii'riculuni foi. Year 7 ai)d 8 piipils togeilier M'illi Bring I'our Om'ii Devic¢', ei)¢ouraging collaboraiive aiid bi'oad Icaming opportuniiies iii preparation for ihe rransiiion lo sei)ior school- To implemenl an enhanced BOUNCE programme, in¢ludiiig iraii)ing for siaff, Ivorkshops for pareiits and a planned sequeiice of aciivilies for Year 3 10 Year 8. To appoint Ic Inember of sl1< ff lo lake on Ihe rolc of senior mental health lead, coinpleiing the ne¢essar)i triining 10 suppon pupils and slafr; To revieiv diver5il)' aiid iiiclusion ai ihc school, iiicludii)g recll1¢nI, leadership ai?d the cuii'iculum: To iniprove ilie provisioii for our mole able pupils il)rough esiabli511iiig Slaff specifically rcspoiisible foi. Gified and Taleiiied pi'ovisioii across ihe Prep ai)d Pre-Prep) To progress Il)e siraiegic plcll)ning for the school and subsequei)Ily coniplele a iiihsier planning exercise for th¢ school sile ii) liiie with ihose airns. To revieiv remuiieration of siaff ii)cludiiig flexible bei)efilS and pensioii provision. Community l o ¢oiiiinLie. lo dei'elop (lie priiiciple of, ini'olv¢m¢iil for all. anil eiigageiii¢i)i M'ill) Ilie local coiiiiiiunily, iiicludi118 riirilier collaboraiioii and shared use of faciliiies, i)arlicularly wilh local Slalc schools and14amplon and RiGhiiiond Borough Fooiball Club 'I'o eiisure Ihal il)e Scliool lias a stronger presence locally and regionally Il)rough iniliaiives ivhi¢li see ihe esiAblishiiieiil of lii)ks Miiili Ilie local coll1Vill1Y and associalioiis, Ivhilst usii)g Inai'keliii8 iii a iargeied ni41liner lo share iiemis aboiii S¢l)001'8 paitnerships and cl)arilable work. Iiifraslruciure To continuc rcfvrbishmci)l of the S¢hool and upgr<idin8 of equipmei)l includiiig Ilie lighiiiig and audio-visual equipment in (he School Hall and the fvriher reduclion of carbon enii5sions i01rdS nei-z¢ro. REVIEIII OF ACTIIIITIES AN'D AC141EVEIIIENTS Strateglc aild curriculum aclivliies Jild iichievemenl$ Tlie Scliool successfully iiiiroduced a neil, digi1411 curriculuni for ihe Seiiior Prep pupils, Ulilisin8 ll flexible Briiig I'OUT Oivn Device (B YOD) programme to co171pleinenl ihe iniroduciioii of the Pre-scnior Bacealaureale (PSB). This frameiiiork for ieachiiig and leaniiiig places Strong cmphasis on developiiig a ivide raiige of 5ki115, inGluding collal*)raiion, crealivily aiid leadership, across Ihe 5ubj¢cis. Aloiigside (his programme our studenls undellook PSBQ projects, exploring a iheme iii detail and preseniiiig Iheir final projecls lo demoiislrale depih ofknoivledEe and ihe abilily lo evaluate and revieiy. Tlie BOUNCE progrnftime saiv iivmerous Iraiiling sessioiis for Ihe siaff aild pareiils, along Iltiih ilic iiilroduclion of a liosi of online resources. Alongside iliis, our 17001 iioiv has a Seiiior Menial Healih Lei¢ d and Menial Healil) Champioiis litho oversee ivellbeing iiiilialive5 aiid Iraiiiing for pupils, Slaff aiid parei?ts. Coiisiderable steps have been iaken Lo revieiv our pproach to Equality, Diversily nd Inclusion (EDI) aiid fijrther workshops For Ihe children have inGliided Ih05e on public speaking 7}d confideiice, ii,hilsi curriculum revieivs h4iVC helped upd471e our resources. Sii'ale8i¢ plaiiniii8 s¢ssioiis have beeii uiidenakeii iiriih siaff cind goiieniors iviih Ihe ii)ieiition of devising a iieii, 6-year pl<in in 2024-25.
TIIIICKII NHAhl PREPARATORI, SCHOOL
DIRECTORS, RCPORT (conlittue(l)
FOR THF I'EAR FN'DED 31 AUGUST 2024
R.FI/IEIII OF ACTIIIITIES AID ACHIEIIETh'IENTS (contijiiied)
Strategic dild etsri'iculum activities iijid AeliSev£meiil¥ (coj)tiJiiied)
Ac#demic #cliieveiiieiils
I i) (lie Earlv l'ears Fouiidaiioi) S"iage (EI'FS), Il)e children niude excclleiil progress iiiiili ouicomes signilicaiiily above
i)Mlional llnd local aii¢i'il8eS for Ihosc pupils rcacliing Ilicir early leaniiiig goals. This year the scliool agaiii 11 chieved an
excelleiii sel of resiilts fron) Ilie senior scl)ool.s' ei)Iraiice exaininaiioiis. Tlie 37 pupils in Year 6 iv¢re awArded a suin loial
of 28 scholarships io a wide range of schools, including I l Acadeniic, 9 Sport, 2 Drama and 6 Ari aivards. 920/0 of ihe
puiiils acliiev¢d an offer ai their firsi-cl)oice school Dnd inany achieved muliiple ofters. I'he 13 boys in Year 8 M¢re aiitarded
3 scholarsliips, l in Mu5iG, l Academi¢ and I Sport.
Co-curriculRI' u¢tiiiitie$ lllld llthieveiiients
During ¢he year pupils panicipaled in maiiy inier-school iouniamenls wilh coiisiderable success and our spons iour saiii
'ear 5 aiid 6 girls Iliid Ycar 7 aiid 8 boys h&id io Eindhoveii in the Neiherlands lo Ii'<iin aiid play conipeiiiively. in hockej,
ai)d fooiboll. Pupils i)articipaied in a iipide range of ucliviiies iiiiih Ihe main sporis for boys beiii8 looiball, rugby aiid
rickei iiiith squasli 471)d padel for seiiiors aiid neiball, hockey and crickei for girls. Boys ai)d girls also represenied the
s¢liool iii aihleiics, Iwnnuig i)nd smiimniing. Illiihin ihe curriculLim. siiiimmiiig ilisli'uclioii moved io our lo¢al pool iii
Hoinpioi) and iloiii focuses on Ihe Yciir 3 aiid 4 Cohorts. The Prep spofls dfiy ilias agciin held al the Elmbridg¢ Xrel Leisure
C'ei)Ire and pupils beiiefiiied fi'om the speciiilisl aihleiics fi¢ cilily ul a highly successful eveiil.
Oiliei. netlvliles 1)d nchici'cmeiit¥ to support ille S¢liool
During lh# year, 5els of iPad d¢iti¢es ivere purchased for the Prep pupils, alloivin8 diem to be used across a wide range uf
subjecis. A large illslallaiioii projeci iii Ilie maiii liall look place, fcaluring 4 iieiv screen. coi)n¢ciivity and eithaiiced audio
vliich lills been used for presenlalions, assemblies and ivorkshops.
PUBLIC BENEFAT
Tl)e Directors confinn Ihal Ilies, have cornplied ii¢jil) Ihe duty in seciion 17 of Ihe Chariiies Act 2011 lo have due regard 10
Ihe public benefil guidaiic¢ piiblished by il)e Charily Coiiin)issioii iii deiem)inii)g the aciivilies uiiderlak¢n by Ihe ¢hJril
THIICKEINIHAII,I PREPAIi4TORI' SCHOOL DIRECTORS, REI)ORT (contiiiiied) roR 1'14E I'EAR Eh'DFD 31 AUGUSI. 2024 PUBLIC BENEFIT (¢oiiilnued) Illideiiing publi¢ a¢¢¢ss to the S¢liool (¢oiitiiiued) Iii conjLIIIClioi) Iviih (h¢ Loi)doii Borough of Richjnoiid upoi) Thanic5, Ihc School also operai¢s ihc Eui'ly Educalioii l=ui?ding Illillrfllive foi. eligible pupils in Iheir Rcccpiion year. Fostering liijks lylth tlie local con)munit)' The School conlinues 10 priorilise buildiJi8 Slrong Goniie¢iioiis Kiiith the local cominunily. Our siudeiiis have mainlaiiied active engagemeni ii'iih lo¢al sporliiig facililics throu81) established P14 rtnerships uiiih Kempioii Cricket Club, as ivell as through 1¢ Cliviiies ai Coleis and ITnber Court Sports Clubs. Poiverleaguc Feliham, and Sunbury Leisure Cenire. We offer u r#i)gc of eKlracuryi¢ul?r clubs and aclivilies beyoiid scliool hours, Inany of which are provided al no extra cost, ii)cluding a B Teakf¢lS1 Club. In respons¢ (o ihe needs ofour coinniunily, iiie have ¢xpai)dcd our ivrap-around care services, iiiith coverilge Iioiii fjiiiailable from 7..301lin to 6..30pni on iiieekdays. Our afier.school care has been outsourced io a specialisi provider io beiier serve iiiorking Plireiiis. Addilioiially, Ive coi)linue io operaie lionie-lo-school aild school-lo-honie minibus 5ervi¢es for Ihe coi)veiiience of fainilie5. Pgrtnersliip oppoj'tuiililes Whilst pai-liiersliip oppoi'lunilies 14 I'e lin?iied for a scliool of OLir size lind profile, Ive al'e delighied lo offer tNSET iraini118 opportuiiilies 10 local siaie schools ivhenever Il)e opponunily arises. Our spor15 can)ps ni'e opeii lo local pupi15 lo 4llend. Siafl meiiibers at the school hold p05ilioiis al local 511$ Ic schools Ths 8oveiiiors, sharing iheir expenise. ChArity siipport l)upils a¢liv¢ly issisi local aiid naiioi)al chnrilies by ui)dcrtokiii8 a Iiumber of fiindraisiii8 iniiialives, This year, donaiions iotalling £6,164 iY¢re n)ade lo various local ai)d iialioiial ¢hFJrilics iviih a further £1.299 donalcd lo A Ii'i¢an Visioii Malaivi (for Soi)giiie School). Household esseillials hav¢ b¢eti doiiaied 10 Hygiene ilk. The School also sponsors a child liiiing iii Ugaiida ihrough ihe Compassioii UK charity. and pupils COespond iiiith our bei)eficiary and seiid gifts. Ille are also forging new liiiks willi pupils from Soiigivc School aiid corresponding iiiiih PLipils there. A pupil drivel) iniliaiive lo raise ¢harilable fui)d5 Ilirough various house enten)ris¢s has been introduced. in ilie year Concorde raised £313 for Saiie ihe Rainforesl, Apollo raised £290 for B11 iiersea Dogs ai)d Cats Honies. Firebird raised £263 for Water Aid aiid HRrrier raised £226 for Magi¢ Bus, Our pupils have also doiie charii¢ible ivorks ouiside school hours, raising nioney for worthy causes. Meinbets of Slalf held tt coffee iiiomi118 in aid of Nlacinillthi) Caiicei. Siippori and they <ire also ii)volv¢d iii local chiircl) conimunilies aiid Fores( School courses for youth carers iii il)e Richmoiid Boi'ough. Iii April, nearly all siaff participaled iii a Palace 10 Pala¢e ii'alk rrom Windsor Castle lo Haniplon Coun Pal¢ice raising over £7k for our local Shooiin8 Siar Hospi. This ivas an aniazing fe8( aiid 511f ff ii-.¢r¢ graieful for all the support given by fri¢iids, family aiid the TPS coniniuiiity. FINANCIAL REIIIEIV The School had nei iiicome for tlie year of £170,480 (2023-. £178,989) Ivl)icli have been added lo resorvcs. Tli¢ Direclors consider Iliis a posilive oullurn. Ai 31 Augusl 2024, tl)e Scl)ool had reseTh¥es of£3,500,919 of ivliich £4,000 are rcslricted fuiids. Witli the agreemeiil ofthe Paren(s' Coini)iiiiee, Ilie resiricied funds ii'liicl) iiiere origiiially donated iowards tl)e developnieiil of groLiiid5 ai 51 High Sireei Jre i)oiii planned 10 be allocaied ioivaffds the upgrade of Hall media equipnienl. The uitresiricled funds of £3,496,919 arc all iiive51ed, iogeiher ii'iih baith borroivings, in ihe fixed asseis of £3,359.944.
I"IIIICKENI'HATh,I PREVARATORY SCIIOOL
DIRECTORS, REPORT (eontiiiucd)
FOR'fHI I'E.4R INDLI) 31 AUCUSI" 2024
I,-INANC IAL REI IIIEII, (coiitiuucd)
'I"lie School is iii 50uiid fiiiaiicial liealih. ii."iih seciire fiiiaiicial rnaiiagenieni. The Direciors h¢ive regularly revieived the
rinaiici
TVIIICKEIN'HATrI PREPARATORI, SCHOOL DIRECTORS, RCPORT (coiilinued) FOR TFII I'EAR EN'DEI D 31 AUGUSI. 2024 RISK h'lANAGEfvIEN"I" (coiiliniied) 'rhrough ihe Slntegic plaiiJiii)g proGess. specific risks facing Ihe School have been idei)lified 1¢ S.. Poienlial resiruciLirii)g of seiiior school admissions. Poieiltial preference foi delayed eiitry lo independent school educaiioi). Sigilificani iluinber of schools in Ihe area,. Poieniial renioval of cl)arituble inx bei)efils; Hi)d The affordabilily OF f¢¢s given economic coiidilions including Ihe iniroduciion of V A T and Ihe aboliiion of busiiiess raies relicf Tl)ese specific risks arc beiii8 nddressed Ilii'ough iiivesinieiil throu81)oui Ihe school aiid largeled niarkeiing, aloi)g ii'iih a projeci lo re8ear¢li lind desiEII A iieii, s¢hool iipebsile. We seek 10 slreiigihcn our admission 'lisi.s furilier. pii'li¢ularly for eiiiry lo Rec¢plioii. I'eai. 3 &1)d Year 7, by oflering ai) ouisiaiidinB educaiion. Gonvenieiil transport provision. includi118 exiensive minibus provision, and ivrap around care. Through ihe risk managenienl processes eslablishcd, Ihe Dirc¢iors Are saiisfied ihai ihe major risks have beeii ideniified and appropriniely miligaled. Hoivever, il Is rcco8iiis¢d that s)Isiems can only provide reasoiiable bul noi absolule J5surance Ihai major risks l)ave bceii adequale1 nioiiaged. PLAN'S FOR FUTURE PCRIODS The School is commiiied lo mainlRinii)8 liigh slaiidards ii) all 1$ fc¢lS ol school life. Durii)g the neademic year 2023-24, Ihe Dii'e¢lOI'S iogeil)er ivitli Ilie 14eadiiia51er aiid od)er seiiior leaders and siakeholders collaboraled lo advance Ilie School's visioii aild stralegic plai) for (lie mcdiuin iemi. Key objeclives for Ihe next academic year iii¢lude: Fii)alisiii8 a Iieiv slrJlc¥i¢ plaii lor ihe scliool coveri118 ihc i)exl 6 yC¢irs li) consuliaiioi) wilh 8oiiernors, Ihc leadership group aiid senior Slaff,. Desigiiing and 11¢ Ul)Ghing a iieiv school iitebsiie eiicapsulaling the school eilios, objectives aiid edueaiional offerii)g', Broadeiiing Ihe areus scrvi¢ed bv Il)¢ school Iniiiibus roule5 iii Il)e moniiiig and evei)ii)gs; Reviemping Ihe PSB curriculuni aiid eiisuring Ihnl Ihis mceis (lie requirenieiiis of seiiior schools in lenn5 ofsubjecl 01)porivniiies and depih of kniowledge" Enhaiicing Ihe IT provision through furthei. purchases of mobile d¢vi¢¢s for Prep pupils.
'I'IIIICKEN'14AM PR.EPARATORY SC1400L DIRECTORS, REPORT {coiilii)ued) FOR THE YEAR EINIDED 31 AiiGUST 2024 STATEMENT OF DIRfcTOIIS' RESI)ONSIBILITI rs 'l)e Direciors al'e re5poiisible foi. pi'epJriiig Ilie Dir¢¢iors' Ilepoi'l aiid Ilie fiiiancial siaieiiien15 iii aLcordanLe M'ith applicabl¢ law and regulaiioi)s. Coiiipi4 1)y laiv rvquires Il)e Direciors io prepare fii)ancial siaieineiiis for each fmai)cial year. Under ihai laii, lh¢ Dir¢¢lors have elected io prepare ihe fii)ancial slaiemei)Is in accordance ii'iih Uniied Kingdoni Generally Aecepied Accouniing Pi'aclice (Uniled Kingdoii) Accoiii)ling Siandiirds i?iid api>licii ble laiii). Ui)der conipaiiy1l¢ 111 the Direclors Inust not lipprove Ihe firiFAiicial sialeme1i15 ui)less Il)ey are saiisfied Ihai Ihcy give a Irue aiid fair view of (he siaie of affairs of Ihe chariiable conipaiiji and of ihe result of the charitable eompaiiy for ihai year. Iii pr¢p8riiig Il)ese finaiicial sialeiiieiiis. Ilie Direciors are required io.. 5elc¢i suiiable accounting policies aild Ilien apply illem consisienily; make jiidgmeiits ai)d ¢1ccouniing esiimales Ihal arc reasonable and prudent. preplire the fiiiiincial siuienie1115 011 Ihe going ¢oiiGern basis uiiless il is inappropriate lo presume Ihul Ihe charitable compaiiy ivill conlinuc in business. The Directors are respoiisible for keeping Adequate Accouniing records Ihal are sufficieiii 10 sl)oiv and explaiii ihe chariiable coinpany's Iransactioiis and disclose M'iih reasoi)able accuracy al ai)y tiine Ihe finaiicial posilioi) of the charilable company ai)d ei)able iheii) io ei)siirc ihal Ilie finaiitial siaiemeiils con)ply iiiiih ihe Conipanies Acl 2006. They are also responsible for safcguHrdiiig Ihe asseis of lh¢ ¢l)ariiable cort)pai)y aiid hcnce for iaking reasonable Steps for the pr¢v¢niion and deie¢iioii of fraud aiid other irregularilies. So fai. as each of die Diieciors is aii'are (11 (he tiine the report is ai)pIDved'. ther# is no relevanl audil iiifoii)iJlion of whi¢l) the chariiable compftiiy's audiiors are unaware,. aiid the Directors l)ave taken all sieps ihai ihey oughi to have taken lo make Iheniselve5 aivare of any relevani audil iJif0rn1ation lid lo esiablish Ihai the audiiors are aivare of ihai uifomiaiioii. AUDITORS On 18 Noveinber 2024. Ilie coinpany's audilor cliaiiged ils nam¢ froni Haysina¢inl)Ire LLP lo Haysmoc LLP. In accordai)ce ivith Seclioii 485 of the Compaiiies Acl 2006, a resolulioii proposi118 11)e appoinln)ei)l of HaysMaG LLP a5 audiiors of the Comptsny ivill be ijul 10 the Annual General Meeiing. In prepariiig this report ilic Direciors have udvanla8e of ihe small ¢ompaiiies exemptions provided by 5eciioii 415A of Llie Coii)phiiies Aci 2006. Approved by ihe Board of Direclors al ils Iiieeiijig on 5 Marcl) 2025 aiid si8ned oli its belinll bv.. Hary Bales Cl)airniai) Icll 'ey D¢pul)' Chair
IINTDEPEP4'DEI h'T AUDITOR'S REPORT TO THE11,IEMBERS OF TII'ICKFP114A PREPARATORI,
SC1400L
Opinioii
Ic liave audiied Il)e financial slalen)ei)i% of Tii'ickeiiliani Prep$11-4710rv Scl)ool for Il)e )y¢or ended 31 AUBUSI 2024 iiihieh
comprisc ihc Siaieiiiei)i of Financi£11 Aciiviiies, Ilie BÉilance Sheet, tlie Siiiiemeni of Cash fioivs aiid noies lo ihe fin4iiicial
$11llemeiiis. iiicludi.i)g suiiim<iry of significant accounting policies. Tl)e fiii14 ncial reponii)g Iri( n)eviork Iliai has beeii
applied ii) Ihcir prcpi?rniion is applicable laiii and Uniied Kingdom Accounting Siai)dards, including Finai)cial Reponiilg
Siai)dard 102 The Finaiicial Repoi iiiig Siondard npi)licoble in ilie UK and Republic oflreltsnd (United Kingdom Geiierallv
Accepied Accouiiiing Praciice).
Iii our opinion, thc financial 51aicnient$'.
giiie a true and fair vieH' of Ilie siaic of Ihc chariiable conipai)y's affairs as at 31 Au8usI 2024 aiid of the ch¢1riiable
Coinpany's iiei moveiiiei)i in funds. includino ilie iiicoine and expendilure, for tl)e year theii ended.
liave beeii properly prepared in accordance iviih Uniied Kingdom Generally Accepted Accounting Praclicc. and
have been pi'epared iii a¢cordai)¢e ivith the requirements of ihe Compiinies Aci 2006.
Bnsis foi. opiiiion
Ve coiidu¢icd ovr wudil in o¢¢ordan¢e iviih Iiiteniali01i81 Standards oil Auditing (UK) {ISAs (UK)) and applicable laiv.
Our responsibililies uiider those stlliidards lire fui11)er described in tlie Auditor's responsibilities for tl)e audit of the financial
Slsil¢m¢nlS seclioii of our repon. We are independeiii of the charily iii ciccordance iviih Ihe eihi¢Jl r¢quir¢meiilS ihal are
relevant io our audil of ihe financial sraieinents iii the UK. including the FRC'S Ethical Siaiidard: aiid Mie liave fulfilled our
oiher eihic81 responsibililies iii accordanGe Mijth ihese requirements. We believe that Ilie audil evideii¢e we have obiained
is sufficieni and appropriaie io provide a basis for our opinioii.
CoiiclusioDs relhtliig lo goliig eoJ)cers1
Iii audiliiig the finai)¢ial siatemenis, we have concluded that ihe direciors, use of the goiiig concern basis of accounting in
the preparalion of Ilie finartcial siatemeiits is appropriate.
Based on Ihe ivork we have perfomed, we have noi idei)lified any nittlerial uiicerlainlies relaliii8 10 evenls or conditions
Ihal, iiidividv8lly or ¢olle¢iively. n141y cast significanl doubt on Ihe cliarilable compaiiy's ability 10 GoI)linue as a 80ing
¢0ii¢ern for a period of hi least iivelve monilis from wheii the fiiiancial siaieinei?Is arc aulliorised for issue.
Our rcsponsibililies and ihe respoiisibililies of the directors iviih respeci to going concen) are described iii the relevaiii
seclioi)s of Ihis reporl.
Otlier infoYmfitioJi
The dircctors are responsible for Ilie oiher infonnaiion. The other iiiforniAiion coinprises (he inforniaiioi) included iii Ihe
Direeiors, Repoi'i. Our opinioii on the fiiiaiicial sialeme1115 does nol Cover Ilie other inforninlioii aiid, excepl io Ihe exienl
oihenvise expliciily sihied ii) our repori. we do nol express any fonn of assuran¢e ¢oii¢lusioi) Ihereoii.
In coi)i)eciion iiiilh our audii of the finttncial slatemenls, our responsibility is io read the oiher iiiforniaiion and. in doing so,
coiisider ivhelher Ihe oil)er infomiaiioi) is inalerially inconsisicnl iviih il)e fii)ai)ci&l siatenienis or our kn)oiiiledge obtained
ii) (he audii or oiheniiise
INDEPENDENI. AUDITOR'S REPORT TO I'HE h'lEh,ABERS OF TII'ICKENIIATrI PREPARATORY SCIIOOI. (eoniiiiiitd) We have nothiiig lo report in resi)eci of ihe folluMrji)g iiiatiers ii) rel4llion lo iiiliich ihe Comp1£ iiies Aci 2006 requires us io rep011 10 iiou if: 111 OLir opiiiioi)= ,Idc4UdtC 41GcoiJiiliiig rccords l)4iVC noi bc¢i) kepi by ihc charilliblc coinpaiiy. oi. Ihe ¢hari147bl¢ coinp471)v fiJiaiici¢11 siaienieiiis arc Iioi in <lgreen)eiii iiiiil) Ihe accoui)ting records and returns- oi. certhii) disclosures of direcLors' reiiiuiieralion specified by law, are noi iiiade. or we l)ave noi received all Ilie infonnaiioi) ai)d explaiialioiis we require for our audil Respohslbllllies of dli'eetoi's for the fini111ciiII st&lenients As explaiiied i?iore fiJlly in ihe direciors, i-espoiisibililies Siaieinenl sel out on page 8, the direciors (who are also ihe Iiusices of Ilie charitable compaiiy for the purposes of company law) <ire re,5ponsible for Ihe preparation of the financial stoicn)cn15 aiid foi. beiiig saiisfied ilial iliev give a true and fiiir vielv, and for such iiileri)al coiilrol as il)e direciors deiennine is iiecessary io enable the preparaiioi) of financial staiemenis Iliai are free froin material misstaiemei)I, wheiher due io fraud or error. In pi'¢pariiig ilie fiiiaiicial stEileinenis, Ihe directors Ire responsible for ass¢ssing the chariiable coinpany's ability io coi)iinue as a going coi)eeni, disclosii)g. as applicable, maiters relaied lo going concern ai)d u5ii)g ihe goii)g concem basis of accoiiiiiing unless ilie direclOI's eiiher iiiieiid io liqiiidaie Ihe ¢haril¢ible conipanv or io ceAse operatl0115, or h¢lve no reilistic Iternalive bui 10 do so. Auditor's respoiisibililies for the audit of ihe fliiao¢ial slateiiients Our objeciives are lo obiain reasonable assurance about ivl)ether ihe fiiiaiicial stateinenis as a whole are free from marial iiiisslateineni, ii,heilier due. 10 fraud or error, aiid lo issue an audilor's report that includes our opinion. Reasonable a55uraiice is a high level of assurai)ce, bul is i)01 a guaraniee Ilial 7¢ n audit coi)ducicd iii accordance M'iih ISA5 (UK) Ivill aliiiays deieci nialeri411 iiii551aien)eiii ii,lien il exisis. N4i5Sl<iieniei)ts Can arise froin fraud or error ai)d are considered material ir. iiidividujlly or in ihe aggregaie, Iliey could reasonably be expecled io ii)flueiice ihe economic decisions of users taken on Ihe basis of Ihese fiiiancial Slalemetiis. I¢gularl(l¢S, ITicludii)g fraud, are ijisiances of noii-compliance iviil) laws and regularions. We desigii procedures iii liiie ii'iih our respoiisibililies, ouiliiied above. 10 deiecl malerijl mis8laieniei)Is in respeci of irregiilarilies, iiicludiiig fToud. The exieiii io ivhicli our procedures are capable of delectii)g irregulariiics. includiiig fraud is detailed beloiv.. Based oil our ui)dei'siondins of tlie cl)ariiable conipany and Ihe envil'ol1el1l ii) iiihiGh il operaies. Ive ideniifjed Ilial Ilie principal risks of iion-coiiipliaiice ii'ith laivs and regulaiions relaied io ihe regulaiory requiremen(s of ihe Charils, Coninii551011. Ilie IiidepeTideiii Schools Tnsi)ecioraie (ISI) aiid the siatulory safegiiardii)8 and child proteclioii 8Liidance issued by (lie Depariniei)t for Educaiion (DIE) and ive ¢on5idered Ihe exleni io ivhich noii.conipliance might have a material effeci on Ilie fiiiaiicial stalenieiils. We also coiisidered iliose laiiis ai)d r¢gulAlions (hai liave a dii'ect impact oi) ilie preparaiioi) of Ilie fii)ancial $131enieiits sucl) as ilie Charilies Aci 201 l. Ch8riiies SOIiP (2019). Conii)anie5 Act 2006 aiid payroll (axes. We eiialuaied nianagemeiil's iiiceiilives aiid opportunilies for fraudulenl Inaiiipulalioii of Ili¢ financial slalcinenls (inLluding Ihe risk of override of controls). Audii procedures performed by ihe engagemeiil leani included.. liispeciiilg correspoiideiice wilh regulators and lax auihorillcs; Discussions iiiiih nicinagei)ieni including ¢onsideratioi) of knoivii or suspe¢ied ii)stan¢es of iion-wnipliance ivith laws and regulaiion and fraud. Evaliiaring Inanagemeiii's controls designed io prevenl aiid deteci i¢gularl[l¢s. Reviciiiing rninules of meelings iii the year; Ideiiiifyiiig aiid iesiii)g jounials, iii parli¢Lilar journal eiilries posied ¥iiiili unusual desoriptions: ai)d Chall¢ngiiig assunipiioiis and judgemeiils niade by managemeiii in their critical accouiiling e51imales Because of ihe inherenl liniilaiioiis of an audil, (here is a risk Ihat we will 1101 deleci all irregularilies, ii)cluding Iliose leadiiig 10 a nililerial mi551alemeni in Ihe fii)aii¢ial siaiemei)Is or i)oii-¢oniplian¢e wilh regulalioii. Tl)is risk ii)crea5e5 the iiiore (hai coiiipliaiico iviil) 11 laiv or re8ulaiioii is removed from the events aiid Iransaclions reflecled iii Ilie fuiaiicial siai¢m¢TllS, as ive ivill be less lik¢l)i io becoin¢ O1I1I?re of Ulslaiices of iion_compliaii¢e. The risk is also greater regardilig irregularilies occiin-iiig due io fraud nilier tha17 error. as fr£1ud involv&% inlenlional conceolmenl, forgeiy. collusion, oiiiission or misrepreseiilMIioi). A furiher descripiioi) of oiir I'esponsibililies for lh¢ audii of ih¢ fii)anGial slaienients is lo¢aied 01) Ihe Fiiiaiicial Reponing Council's il'ebsiie ai.. wivw frc.or .tskJauditorsr nsibiliiies. Tl)is descriplion fori)Is part of our auditor's repon. 10
I.NI])FPEN'Dlh'T AUDJTOR'S IiLPORT"I'O I'I.IL IIILI .1BERs OTr,'I'IIIICKEN'I.IA.I PREPARATORS, SCHOOL (eojitinued) Use ot. oui. I'epiii't Tlii5 rcpoi'l la iiindc oolcl5' to ihe Gliiriiible coiilpai) Ji's iiiembprs, as a bod)I, jii it iirp. iiiiih C.'h4ipier .1 nf Part 16 of Il)e Coinpclnies Ac( 2006. Our audit iiiork l)as beei) uiideriakeii so Ihai 14ie iiiiglii Slaie 10 Il)e cliariiAble coinp4?11!i s niembers Iliosc iliaiierJ ive iirc i-cquiitd io Jlalc 10 tljein iii an Audiior's rpporl hii(I foi. i)n oihpr piin?n%e,, To Ihe. fiille..81 exienl permiiicil bs1 lalit ii'e"do not occcpi orassunie iesponsibilily 10 anyone other Il)an ih*. r.harilAh!p. fA)Inllally Hnd Ihr. r,hariléihle compai)v's nieinbers. as li bod},, for our audii ivork, for ihis repoi1, or for ihe opiiiions Kve have fomied. Jiine AsA-eiiJ (Senior slaluloiy audilOJ) foi. t7iid oil b-liulfof l./oy3Jllftc LLP, SIAiuioi)> AiidilOI' 12 March .In Qiippn Sii'epi. Plttcp London EC4R IAG 2025
TIIIICKEN'IIAiII PRF.PARA"I"ORII SCHOOL STèlTEhllYI I" OF filNAi¥CIAL ACTIVITIES FOR T14F. I'CAR EN'DED 31 AUGUST 2024 Uiiresli'icted fuiids Il¢s11'icted riinds 2024 2023 Not¢5 INCONIE FROM: ClIMritol)le, ncliviti¢S School fees receivable Other educalioiial income Caieriiig and Ivelfnre ii)come Oiher income Donaiiojis Aiid Legncles Doiiaiioiis aiid graiil inconie Investnients Inier¢si receivable 3.769,684 259.097 232,027 52,399 3,769,684 259,097 232,027 52,399 3,704,985 239.909 218,329 48,603 9,294 9.294 4,381 40,991 40.991 14,336 TOTAL 'cOm 4,363,492 4.363,492 4.230,543 EXPEh'DI"I'URE ON,: Choritable nctivllies: Scliool opei'aling Gosis I'eacliinA costs Velfare cos15 Pr¢inises COSIS Support Gosis of schooling 2,93Q,177 238.287 542,339 449,588 2,930,177 238.287 542,339 449,588 2,784,052 208,646 622,823 402,905 4,160,391 4,160,391 4,018,426 Ralsliig funds Fiiiaiice cost 32,621 32.621 33,128 TOTAL EXPENDITURE 4,193,012 4,193,012 4,051,554 NET INC0qE FOR THE I'EAR 170,480 170,480 178,989 Funds broiigl)I fonvard ai I Scpieniber 2023 3,326,439 4,000 3.330,439 3,151,450 Fuiids cftrried foi'ivai'd al 31 Augu512024 3,4916.919 4,000 3.500.919 3,330,439 There ivere no recogiiiscd g4iJis aiid losses oilier ihan Il)ose shoii.'ii in the above Statement of Financial AGtivilies. Tlie iioies 011 pages 16 10 26 fonn part of Ihesc accouiiis. 12
TIIIICKL.l.IAIl PREPARATORI, SCHOOL REGlS"fERED COIl,APANY NO: 3475951 BALANCE S14EET AT JI AUGUST 2024 2024 2D23 Notes FIXED ASSETS T)ngibl¢ fixcd asseis 3,359,944 3,395,181 CURREN'T ASSETS Siocks Debiors Cash ai baiik ai)d in hand 5.403 171,364 2,791.916 4,737 170,785 .209,770 2,968.683 .385,292 CREDITORS.. amounts falling due Iviihin oiie yeoi. (I 111.996) (1.199,534) .856,687 185,758 TOTAL ASSETS LESS CURRENT LIABILITIES 5,216,631 3,380.939 CREDITORS." amouiits falling due fier more Ilian oiie yeAr 14 (1.715,712) (250,500) 3,500,919 £3,330,439 15 Uiiresiricied fuilds Resiricied fLinds 3.496,919 4,000 3,326,439 4,000 TOTAL 3.500,919 3.330,439 The iioies 011 pages 16 (0 26 forni pari of these accouiils. The fiiiaiicinl sialemeiiis iiiere approved and auihorised for issue by Ihe Board of Dire¢iors on 5, March 2025 and iiiere signed bcloii, on ils behalf by.. Hthi'ry Je551 13
TIIIICKEh'HAIIq PREPARA TORI, SCHOOL STATEIMEf4T OF CASH FLOIVS FOR"fH E I'fi AR ENDED 31 AUGUST 2024 2024 2023 CASli ri.oiiis l-, Ro,[ OI'LRATING AC'I'IVITIES Net nioveniejii Iii fuiid.s for Ilio r¢poi'linE pei'lod (AS i>er th¢ s¢AteJnent of finaJiei#l #clivilies) 170,480 178.989 AdJiistnieiit$ for: Depreciatioii cliarges Loss on disposal or rixed as5els Investmcni ii)conie Finaii¢ing ¢0515 (1i)cre&se) in debiors Increase in Crediiors (¢xcludiii8 fe¢s in odvance aiid bank oans) (Increase)Idecrease iii 5to¢k ITicrease ii) fees in advance 166,678 161.418 234 (14.336) 25,832 (3,452) 31.551 (40,991) 29.048 (579) 191,230 (666) 1,214,208 1,863 19.442 1,558,928 222,552 Nel eAsl) proiiided by opermliiig thclivilies 1,729,408 401,541 CAS14 FLOiiiS fROThI INIIESTIN'G ACTIIIITIES liivesinieiil ii)¢tsJli P8ymeiiis lor l¢ingible fixed assels 14,336 (64,612) (131,440) Nel QAsli used In invesilng Actlvliles (90,449) (50,276) CAS14 fLOiiiS fROThI FINANCING ACTIVITIES Cash ouifloii, from borroivillg Fiiiaiiciiig cosls Ciipiial repa)Imeni of loans (29.048) (27,763) (25,832) (76,710) Net cn$li proi'ided by financiiig activities (56,813) (102.542) CHAN'GE 1Tr4' CASII AND CASH FQUIIIALEIYTS IN THE REPORTING PIRIOD 1,582,146 248.723 C8511 Hiid casli equli'lll¢iits At beEliiiilnE of tlie repoi'liilg period 1,209,770 961,047 Casli uiid cftsli equii'aleiils at ille end of the reportiiie period 2,791,916 1.209,770 AYALI'SIS or CASH AND CASH EQUIVA.LENI'S 2024 2023 Casli lil bank i?iid iii liDnd Cash on d¢posil 291.916 2,iOO.000 I,Oi9,770 150.000 TolAI eAsli Aild cash eqiiii'alent5 £2,791.916 £1,209.770 The note8 on pages 16 10 26 fonn part of these Accounls. 14
I'IVICKFls'HAI PREPARAI'ORI, SCHOOI. ANAI.I'sis or CHAN'Gfr.S IN NE"f DEB"r roR Tl.Ir i'fAR N'DID JI AUGUST 2024 Aiial}'sis ol cliaiiges iii net debt Ai stiirl of yeai. Cxsl) noivs Other moiwemenls At eiid of )ioar Cash Loans falliiig due with.in one ye<ir Loaiis fallii)g due aficr one year 1,209,770 (419,801) 1,582.146 27,765 2.791,916 (26,871) (365,165) 365,165 (365,165) Total £789,969 £1,609,911 £2,399,880 The nolcs 01) pages 16 10 26 forni.pari of these accounis. 15
TNIIICKENHAM PREPAK4TORI' SCHOOL NOTES I'O THE fiiYANCIAL STATEII 'lENTS roR THE I'EAR EN'DED 31 AUGUST 2024 .4CCOUNTING POLICICS Accoiintiiig eoiiventlon The fiiiancial slaienieiiis have been prep¢ireA iindcr Il)e hisiorical cosi coi)iieiilioii aiid iii accordaiicc iviih Ihe apJilfftLdbl¢ rinancial Reporting Sthiidard {fRS102, effective from l January 2019). Ihe sl¢MellI of Recomit)ei)ded Prnctiee for Charillcs (SOIIP 2015, 5¢¢011d edilioi) ¢Ff¢clive Jaiiliary 2019) aiid ihe Coinpsil)ies Aci 2006. Tivickei)l)8m Preparaiory Sehool nieeis ihe definilioii of a public benefil eniily uiider fRS 102. 11 is a cornpaiiy limited b), guaraniee ai)d ill¢orpornied ii) Englaiid and IV&iles. The Registered office is.. Beveree, 43 High Sireei, Hampion, Middlesex, Tlll12 2SA. Inconie School fees comprise charges for ihe school less bursiries aiid nllowances. Otlier educaiional iiicomc and cateri118 inconie is accouiiied for on a receival)le basis. Donfilions Doi)aiioiis al'e re¢ogiiised in Il)e Siaithnei)i of Fii)an¢ial A¢iivilies wheii receivable. Gront Inconie Graiii iiiconie, iiicludiiig goveniineiil graiil iii¢om¢. re1471iiig io reveiiu¢ Is recognised iii ilie Siolen)eiil of Financial AGlivilies on ali aG¢ruals basis 11) the sanie period as the relaied ¢osis for iiihich the granl is inlendcd lo compensate provided Ihji Ihere is evidence of enliilernent, re¢eipi is probable aiid Ihe amouiil can be measured reliably. Depreei4tioii Dei)recialioii of lan8ible fixcd assels is cal¢ul<iied so as lo wriie off Ihe cost over d)eir esiiinaied useful ecoiiomic lives. Depi'e¢iaiioii raies al'e as folloivs.. Freel)old buildiiigs Freehold ilT)provemei)ls Moior Vehicles Fixtures, fillll)gs and MilUre Eleciroiiic equipineiil oli a siraighi liiie bosis over 50 years 01) a siraighi line basis over l O years 01) a straigl)I liiie bnsis over 5 years 01) a slraiglil line bJ5is over l O yexlrs on a siraighi line basis over 5 years Stocks Sio¢ks are sialed ai the loiver of cosi and iiei realisable value. Expeiiditiii-e Expenditure is Iillocaied (o expense headiiigs oil an ac¢Nals basis. The irrecoiicrable V AT elcmeiil is included iviih Ihe ilen) of expense 10 iiihicli li relaies. Goi'eriiaiice costs Goveniance cosis iiiclude the cosis of ihe audit of the siattilory accouiiis and advice 011 legal, propeny and oihei- mailers. Peiisloi) coiitribulions The Conipai)y coniribule$ 10 Ihe Tca¢hers' Pensioi) Scl)eine. Payineiiis are made io ihe Teachei's, Pensions Ageiicy in ac¢ordaiice iviih Ilie Teachers. Superannuhtioii (Coiisolidalioii) Regulaiioiis 1988, as an)eiided. Coiilribuiioi)s payc1ble iji respecl of Ilie acGouiiliiig period are Charged io direci chariiable expeiiditure. The Coinpaiiy coiiii'ibuies to a S¢P<inle defiiied coniribulioii sch¢ine foi. iion-te1É ching siaFf. Contribiilioiis pavable ii) respecl of Ilie accountiiig period are charged lo direci charitsble expendittire. Leyse ir&iisnctions Rentals under operaiing l¢asLs are Charged 10 Il)e Sialenienl of Fiiiancial Aciivilies as ihe), fall due. Uiiresiricted fuiids Unresiricled funds coniprise fuilds nol subjeci lo any re51ri¢iions regarding their use or¢ available lor aiiy cliarilable purpose of Ilie Comi)An J,.
TIIIICKLN14AfvA PRfpAIIATORI' SCHOOL 'o"rcs TO I'iir. FILNANICI.4L S7"ATEIllE'TS (conliiiued) FOR"fHL I'EI All ENDED 31 AUCUST 2024 ACCOUh'l"Ih'C. POLICIES (coiiliiiiic(l) Ile5tricled fuJ)ds RestricLed funds Goniprise fuiids doi?aied io ihe Comp<iny io be <ipplied loivards 5peGific capits?l aiid revciiue ilem5. Tix8tion The Company is a regisiered charily. Any surpliis is applied solely lor the purpose of the chariiy and is exeinpi from orporalioi) lax. b ini1ncial liistrunieiils Basic fiiiai)Cik)l ii)sirunieii15 are inilially I'ecogi)ised ai rran5aclion valiie <ll)d 5ubs¢quei?Ily m¢4isured amonised cosi. Fiiiaii¢ial assels held ai amorliscd cosi coi))prisc cash ai bank and iii lioiid, 108Lili¢r iviili Irade and oiher debioi's. A specific provisioii 18 Inade for debis for ii,hich re¢overabilili is in doLibi. Cash (il bank and in hand is defined as all cash held in instant access baiik accoui)ts and used as ivorking capital. Fiiiaiicl1< I liabilities held at amonised cosi comprise all crediiors except social sectirily and oihcr laxes Jnd provisioi?s. Asseis and liabilities held in foreigi) CLirrency Rre Iranslciled to GBP al Ihe balNn¢¢ sheet dat¢ al un appropriaie year end exchange raie. Ci'llical necouiitliig judgenients thiid key soure¢s of eslimulioij uncLrl#i)Ity Ln ihe isj¢ii' ol Ihe Dii'eciors iliere are iio arcAS of Inaicrial Gritical accouiitiiig Jud8emeiilS or n)aierial CSlini%iion Iiiicertaiiiiy in tl)e accouiils. Goiiig Coiicern The Dire¢ioi'5 believe Ihai Ihei'e are Iio Iiioierial ui)ceriaiiilies over Ihe School's ability io coiilinue op¢raliiig as a going concern. Iii makiiig Iliis assertioii the Direciors have considered delailed budgeis for both ihe nexi iiiielve moiiilis aiid sir&ie8ic pl¢1ns for Ilie Inediuiii terni aiid are saii5fied Ilial the liquidiiy of Ihe busiiiess is Su]cIent lo mccl ihe busiiicqs r¢quirenieiilS inGludiiig anv obli8aiions arisiilg froni finaiici&il, OPernli1i8 aiid oiher coiidiiioiis. 17
T111ICKE'HAfv] PREPARATORI, SCHOOL NOTES TO TI.IE fiNAIYCIAL STATCI NIEf4TS (coiitiniied) I,-OR THE I'EAR EN'DED 31 AUGUS'T 2024 SCIIOOL I.-EES RECEIITABLE 2024 2023 Full fees for pupils ai ihe School Less.. bursaries Jiid alloiv4nces 3,876,i07 (106,823) 3.806.660 (101.675) £3,769.684 £3,704,985 OTHER EDUCATION'AL INCOIIIE 2024 2023 Pi'ivalc luilion inconie Re8lSlration fees School Irips 80,068 6,100 172,929 79.880 6,800 153,229 £259,097 £239,909 OTHER Ir4COTh'IE 2024 2023 School fees proleclion insurance Book and uniforni 5al¢s Horne 10 School minibus service Rcnlal incom¢ Oiher income 3.647 4,.3.19 27,527 15.510 ,376 3,993 3,938 23,587 14,251 2,834 £52,399 £48,603 I)ONATJON'S 2024 2023 UiiTe51ricled donation5 Resirici¢d donations 9,294 95 4,286 £9,294 £4.38] EXPENDITURE 2U24 2023 Cliaril<ible expei)dilure includes.. rjepreciaiioii Loss on disposnl or rixcd asseis Operaiing leases- oiher 166,678 161,418 234 37,117 28.940 Govemance costs it)cludes'. Auditors, rei?iuiiei'alioii - for audil 19,269 15,960
TIIIICKENHAIII PREPARATORI, SCI.IOOL NO"fES TO THE FINAI)'CIAI. STATEMLI Ni 'fs {coiitiJiiÉed} FOR THE I'E.4R EN'DED 31 AUGUST 2024 C14.4RITABLE ACTIIIITJES Si#ff ¢0s1s (note 8) Otl)er Depi'eciatioii 2024 Ch4?rilable lletlvltles School operaiing costs Teaching costs Ivelfare cosis Premises Supporl cosis 2,528.866 134,719 92,131 254.968 401.311 103,568 283,530 194.620 2,930.177 238,287 542.339 449,588 166,678 £3.010,684 £983,029 £166.678 £4,160,391 Siaff costs (note 8) Otlier Depi'ecialioii Total 2023 Cli4rilable Activities School operaliiig c051s Tcachiiig Gosts Velfare cosis Preiiiises - Siipport cos 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 £2,834,866 £1,022,142 £161,418 £4,018,426 AII c051s relaie 10 ihe 01)e activily of operaiiiig the Scliool. Iiicluded ivithin oiher support C0515 are goven)ance cos(s of £44,586 (2023.. £20,588). STAfii COSTS 2024 2023 Salaries ai)d iageS Soci¢il se¢urily cosis P¢tisioii costs 2,327.194 232.306 451,184 2,208,639 217,164 409,063 £3,010,684 £2,834,866 The ioial value of all ¢ompensaiioii atid benefits provided 10 ihe key niana8emeiil persoiiiiel in (he year. ilias £650,675 (2023.. £606.449). The average J)uinber of employees during ihe year iva5 made up as folloiiis.. Teachiiig Full liiiie Parl lime Oiher Full lime Part lime 18 18 18 10 28 25 71 69 19
TIIIICKEN14AfvI PREPARATORI, SCHOOL I 'OTf.s TO THE FIN'AJN'CIAL s"fA TEI Il,IETI'TS (eonliiiiied) FOR THE I'EAR ENDED 3J AUGUST 2024 Sl'AI."r COSTS Icoiitlniied) Th¢ iiumbei. of ¢inployees ivllose ei1)olumenis exce¢ded £60,000 iv¢re: £110,001 £120,000 £ioo,001 £1 10.000 £70,001 £80,000 £60,001- £70,000 Thre¢ of ihe above eiiiployees have reiireii)enl benefits accruing under a defined bciiefils scheine and one under a defined coiitribuiion scheme. FINANCI COSTS 2024 2023 Bank Gharge5 Baiik iiiiercsl oli Ion115 repayable iviihin five years Bad aiid doubiful debis Fccs in advaiice discoui)I 493 29,049 517 2,562 642 14.560 3,753 2,901 £32,621 £33,128 10. GOVERNORS, REIIIUNERATION AND EXPENSES No reniuiieratioii or beiiefits iver¢ provided to aiiy Govenlor. No expeiises were I'eimbur5a lo any Govenior durii)g ihe year (2023.. £nil). Four of the governors during the year (2023.. Iliree) hc?d children in ihc school and paid full fees. I I. TAN'GIBLE FJXCD ASSETS Freehold laild bulldiiiEs Flxlures, rittings and furiilture Freehold Ii)Iprovenieiits lotor Vehicles Electronic equipmcnl TolAI Cost Ai I Seplember 2023 Addilioi)s Disposals 4,13.5,135 118,630 20,624 28,200 30,000 512.040 65,381 (2,442) 318,865 15,435 5,312,869 131,440 (2.442) Ai 31 Augusi 2024 4.135,135 339,254 58,200 574,979 334,300 5,441,868 Depreciatioii At I September 2023 Charge for Ihe year Disposals ,075:937 82,703 238.241 17,296 362,631 32,179 (2442) 240,879 28,860 1,917,688 166,678 (2442) 5,640 At 31 Augusi 2024 1,158.640 255.537 5,640 392,368 269,739 2.081,924 Net Book VJlue AI 31 Au8usI 2024 £2.976,496 £83,718 £52.560 £182,610 £64,560 £3,359.944 Ai 31 Augusi 2023 £3,059,198 £80,389 £28,200 £149,408 £77,985 £3,395,181 20
I'IVICKEN'HA114 PREI>ARA'foRI' SCHOOL 'OTES TO I'i..Ir riNAlI ICI.4L STATEIllEN'TS (coiitlned} roR THE I'EAR ENI)EI D 31 AUGUST 2024 DIB"foRS 2024 21123 Fees receivabl¢ Prepayments and accrued iiiconie Oiher debiors 6,263 162,233 2,868 9,960 155,031 S,794 £171,364 £170,785 13. CREDITORS,. amounts fAllin¥ due Ivlthin oiie )'¢J)I' 2024 2023 Bank loans Trade crediiors Fees received in advance Social securily p8yable and oilier iaxalion Pupil deposils A¢¢ruals and deferred iii¢ome Suiidry crediiors 26,540 394,837 501,516 56,895 31,000 47,402 53,806 419,801 117,215 397.774 53,488 26,000 135,869 49.387 £1,111,996 £1,199,534 14. CREDITORS.. iimouiits fAlllnR due Afiei. ojie }'ethi' 2024 2023 Pupil dcposils Fccs irt fidvan¢¢ 239,751 1,110,465 250,500 B?1 nk IoAIis Due b¢lii'een one and livo years 365,496 £1,715.712 £250,500 li) the yeai. Ihe school refinanced Ilie baiik loAn fftciliiy, £403.500 iiicludiiig an'aiigeniei)I fee was draivn doiiin oli the 281b N4arch 2024. The ierni of Ihe loan is 5 years iviih a l O year ¢in)oriisaiioii profilc. The repayment is by instalnienls aiid the loart bears inicresl ai a floating raie OF 2.25 /0 over base rate. b) The bank loai) is seciircd by a fLrsi legal chi I'g¢ ovei. the freehold propert Js of Ihe Scliool ni 43 Higl) Sircei, Hanipion. 21
TMIICKENHAM PRPARAl'OR1, SCI4OOL 'OTCS TO THF I-.INANCIAL SI"AI'EMENTS (coiiliiiued) roR THE )'EAR ENDED.11 AUGUS1. 21124 JS. FUNDS I'r'iiisfei's betii'¢eJi li uiids Biilaiice .11 31 Aiigust 2024 31 AIi2US1 2023 Totlil iiiconie Totiil MOIIEN'IEI N'T IN FUN'DS Tlie nioveinenl in fuiids duriiig the year iV¢iS made up as folloivs: Unresiricled fiii)ds 3,326,439 4,363,49? 4,193,012 3,496,919 Restrici¢d fuiids Parents, Commillee 4,000 4,000 £3,330,439 £4,363,492 £4,193,012 £3,500,919 'Par¢iilS' CoiTriiiinee" rela¢¢s lo doiiaiioi)s received froin Ilie Parents, Coniiiiiltee ioiiiards virious projects. The £4,000 previously assigiied lo ihe developmenl of Ihe rear grounds al 51 High Sireel ha5 now been re-assigned ioivards ihe upgrade of Hall media cquipmenl. ANALI'SIS or NIT ASSETS BLTIIIEI EN FUNDS Uiirestrieled fuiids R¢$li-icted fuiids Tol#l funds ruiid balai)ces ai 31 Augusi 2024 are rei)rescnt¢d by.. Fixed Jsseis N¢1 current assels Lon8 lemi liabililies 3,359,944 1,852.687 (1,715,712) 3,359,944 1 ,856,687 (1,715.712) 4,000 £3,496,919 £4,000 £3.500,919 J6. SHARE CAPITAL The Compai)y is limtied by guarai)iee and therefore has no issued share capiliil. In the cv¢nl of a ivinding up each member, ciirrcntly 12 in lolJl, agrees io conlribuie £ l. 22
TIIIICKEN14ANI PREPARATORI, SCHOOL N'OTES TO TUE FIN'ANCIAL STATEMEN'fs (contii)ued) roR THI )'fiAR ENDED 31 AUGUSI" 2024 17. PCN'SIOYI COSTS Teacli¢i's' Pensioii Sclieine Tli¢ Scliool participates in ihe Teacl)ers' Peiisioii Sclienie ("Ihe TPS") for lis le8¢hing staff. The pension chai'ge for the year includes coniributioi)s payable 10 ihe TPS of £444.86) (2023.. £347,518) and ai Ihe year-end £30,799 (2023.. £41.060) Iva5 4ccrued iii respect of coiiiribulions io il)iS 5clieni¢. The TPS is ali unfuiided mulii-employer defined beiiefiis pension scheine 8oven)ed by The Teachers, Pensioiis Regulaiioiis 2010 (as aiiiende(l) aiid The Tei1chers' Pet)sion Sclienie Regulaiioiis 2014 (as amended). Meiiibers coniribyie oli a 'pay as you go" basis Miiih coniribulions frorn iiieinbers and the employer beii)g ci.ed1 io Ihe Exchequer. Reiiremeiii lind other peiision beneftis are paid by public funds proiiided by Pxrlian)enl. "rhe ¢iiiploy¢r coiiiribulioii rdl¢ 15 sel by Ihc Scci'¢lary of Stale following scliemc valuaiions undertaken bji ihe Goiiernilieni Aciuary's DepiÉ Ilmeiit. The Iiiosi recei)i aciuarial valuaiion of the TPS wias prepared as ai 31 Marcl) 2020 ai)d ihe Ilaluaiion Report IV¢iS publislied li) Ociober 2023. Folloiving Ihe M¢Cloud jiidgemenl, Ili¢ r¢in¢dy proposed Ililll ivhei) beiiefiis beGome pFtyable, eligible niembets can seleci 10 receive Ili¢n) froin eiiher Ilie r¢foni)ed or legacy schemes for ihe period l April 2015 10 31 March 2022. The ¢lcluaries liave assumed Ilial nieiiibers are likely lo clioose Ihe oplion Ihal provide5 ihein will) il)e greater bei)elilS, i)d iii prepai'ii)g Ihe 2020 valllalioii lias Yalue(I Ihe '8r¢aier value, benefi15 for groups of relevaiil Inei))bers. The emi>loyer coiiiribulion raie foi. Ihe TPS 15 28.60/0, 7¢ lid eii)ployers are also required io pay a scheme 8dniiiiisiralioi) lei'y of 0.080/0 giviiiB Il lol<il eniployer conlribulioi? rale of 28.680/0. Defined Conli'lbutioii Stlienies "rhe Con)paiiy coniribules io a scparalL scheiiie foi. i¢achii)g Staff wlio h<iVC opied oui of ihe Teach¢rs Peiisioi) froin Mtsrch 2024 Ilirough APTIS. This is a defiiied coiilribulioii sehem¢. The q1sseis of Ilie sGhcme arc held seplc raiely from Il)ose of Il)e Compaiiy in ai) indcpesideiiily adn)iiiisiered fund. Coi)Ii'ibulioiis are i)4iid based 011 Ili¢ recoiiimeiidiilioiis of a qualitied acruary aiid are chclrged io resources expeiided ivhen Lliey become payable. Tl)e pei)sion clii1rge for Ihe J'¢ai' iii rcsi)ecl of this s¢hei))e ivas £82,457 (2023.. £nil). Ai il)¢ yeor ci?d, £Nil (2023., £iiil) was accrued ii) respeci of ¢Olilribulioi)s 10 ihis scheme. The Conip<iliy contribulcs io a SCPi¢ raie scheiiic for iion-l¢¢i¢hing Sloff uilder The Ii)depeiidenl Associfiiioii of Prep Scliools. This is J defined coi)tribulioii scli¢iii¢. I"lJe assets of lh¢ scheme are held separately froiii Iliose of Ihe Con)pany iii Illi indepeiideiiilsl adniinistered fuiid. Contributions are paid based 01) Ihe r¢Goiiimendatioi)s of a qualified aciuary aiid are charged to resources exp¢i)ded K%ihcii they becoii)e pa)i&ble. The peiisioii Lliarge For Ihe year iii respecl of (his scheme wa5 £74,185 (2023.. £61,107). Ai th¢ y¢arend, £Nil (2023.. £nil) Ivas <1ccnied iii respeci of coiilribuiions io Ihis scheme. Tl)e Company conli'ibules io Il)e NEST pension scheine for non-leaching workers meelii18 lh¢ crileria for aul eiirolii)ei)i. This is a defined coi)Iribuiion schenig sel up by Ihe Governmciit. The assets of Ihe scheme are lield scparalely fron) those of ilie Compaiiy iii ai) iiidepeiidei)Ily adminisicred fuiid. Coiilribuliolis arc paid based on the regiilatoryi niinimiim coiilribulions aiid are Charged lo resources expei)ded ii,hen they becoi)i¢ payi1ble. The peiisioii charge for tli¢ year iii respect of Ihis schertie ivas £1,461 (2023.. £438). Ai Ihe )ieÈlr end, £ 111 (2023.. £178) ilias accrned iii respeci of coniribulioils to ihis scheme. 23
TVIIICKENHAM PREI PARATOR), SCHOOL I OTES TO THE filh'knTrCIAL Sil"ATLI.N,IEINTS (contiiiued) FOR TIIE I'EAR EII'DED JI AUGUST 2024 18. OPERATING LLASL COhqfvlAI'N,IL* N TS Ai I l Augiisi 2024 Ihp Inli& I fiiftire. minimiim lease i)ayinei)Is under iion-caiicellable operaiing leases iV¢Te Js follo%iis.' 2024 2023 Not laler than one year Beiiveeii one and fiiie years 12,643 I S,979 28,940 28.621 £28,622 £57,561 19. RLI LATED PARTY TRANSACTIONS There ivere iio relaied party transaclioiis. 24
TMIICKENHAN'I PREPARATORY SCHOOL NOTES TO THF bKN'ANCIAL STATEfvllI Ni Il's (coiitiiiucd) FOR THE YE.4R ENDED 31 AUGUST 2024 20. SI"ATEN,IEN'I' or rih'.4N'CIAL.4CTIIIII'IES foR T14E PRIOR I'LI AR There ivere ilo recogiiised gaii)s arid losses oiher ihan ihose shown iii Ihe above Statenienl of F-iiiancial Activities. Unre¥lrici¢d (uiids Restricted fuiids TolAI 2023 Notes INCOME FROM: ClIArilnl)le Aetlvltles School fees receivable Oiher edu¢alional income Caiering and Welfare income Oil)er inconie DonAtions And Legacies Donaiioiis and grant in¢onie Inipestmeiits Iiii¢resl receivable 3,704,985 239,909 218,329 48,603 3,704,985 239,909 218,329 48,603 95 4.286 4,381 14,336 14,336 TOTAL IN'COME £4,226,257 £4,286 £4,230.543 EXPENDII'URE O]Y: Cliaritable •ctivities: Scliool operaiing cosls Teachiiig cosls Welfaie cosis Prcn)ises cosis Support cosls of schoolin8 2,779,766 208,646 622,823 402.905 4,286 2,784,052 208,646 622,823 402.905 4,014,140 4,286 4,018,426 Rnlsiiig funds Fiiiaiice cosls 33,128 33.128 TOTAL EXPENDITURE 4,047,268 4,286 4,051,554 NET INCOhlE foR THE I'EAR 178,989 178,989 Funds brought forN'ard al I September 2022 3,147.450 4,000 3,151.450 FuJ)ds ci)i-i-i¢d (oJ-i)'ai'd 17131 August 2023 £3.326,439 £4,000 £3,330,439 25
I"IIIICKEIYHANI I)IIEPARATORY SCHOOL N'OTES TO T14F FINANCI.4L SI'ATEMEN"I"S {cuJitiniicd) FOR THE I'CAR ENDFD 31 AUC.UST 2024 21. fuNTDS Tr.IOIIEMLIN IIT lOR'fHE PRIOR YLAR Blance at 31 August 2022 Trailsfers betiveeii Fujids Balance Ht 31 Aueiisi 2023 To¢lll ii)come I'otal expeiidilure MOIIETh,IENI' Ih, FUN'DS The movemeijl in funds during Ilie >'e4r ivas made up as folloi4's'. Uiiresiricted funds 3,147,450 4,226.257 (4,047.268) 3,326.439 Reslricied funds Parents, Coininiriee 4.000 4,286 (4.286) 4,000 £3.151,450 £4,230,543 £{4,051,554) £3,330,439 'Parents' Con)n)itiee" relates lo donalioi)s received fi'oin Ilie Parents, Coniii)iiiee iowai'ds various projecis. Durii)g (he y¢ar, donalions ioialling £8,286 wer¢ r¢¢cii'ed.. £4,286 ilias expendcd 011 ihe coniiiiued fundin8 of il)e leiise ol a niii)ibu5 and £4.000 ivas assigned 10 the developmeiil of tlie rcar grouiids al 51 High Streei. ANALI'SIS OF N'II T ASSETS BEI TII'LI LN, FuD5 Uiire$lriclod fuiids Resiri¢ted I'uiidii Tot81 fuiid$ Fuiid b&lanc¢s ai 31 Augu512023 Jre repre5eiiied by.. Fixed asseis Nel cun'eiil asseis Long terni liabilities 3,395,181 181,758 (250,500) 3,395,181 185,758 (250,500) 4,000 £3,326,439 £4,000 £3,330.439 26