RECISTERED COMPANY NUMBER: IK*611130 (England and Wales) REGISTERED CHAIUTY NUMBER: 1125708 rt oftheTneeS and inanci JIM 020 ron L'mtied Roffe Swayne Statstory Auditors & Chartered Ae¢ounlartts A5hcombe Court Wootsack Way Godalming Surrey GU7 ILQ
Tiffinian ociation Limited Contents ofthe Financial forthey 31 March 2020 R¢port ofihe Trustees Report of the Independent Auditors 5 tD 6 Statement ofFtnancial Activities Balance Shtet 8 to 9 Notes to the Financial Statements 10 to 16 Detailed Si&tement of Financial Activities 17
TilTinian A iation Limite forth rEnded31 2020 The trustee5, who are also directors of the charity for the purposes of the Companies A¢r 2006. present their report with the financial statements of the Charity for the year ended i l March 2019. The tntstees have adopted the provisions of AOUntIng 2nd Reporting by Charities: Ststement of Recommended Pralce appliuble to ¢liarities preparing their own accounts in accoi'dance with th¢ Financial Rert]nts Stsndard applicable in the UK and Republic of Ireland (FRS 102) (effectÉve l January 2015). OWECTIVLS AND ACTIVITIES Objeetives aims Th¢ objerAives of the Association 25 agreed bythe trtee8 #re produced belts. SHARING THE BENEFITS OF TIFFIN TAL- THE VISION To create a vibrant and active Llsociation that provide5 mLYimum berfit to the sch1. Tiffinian5 and the wider Tiffin community. TAL- THE ORIECTIVES l. To develop an active community for Alumni. Pupii& Staff (past and presentx Parents Ip&£t and present). and friendg of the School which ivill enable them to keep in contact for Èheir individuat b¢n¢fiL both xKial and business. alld ty a5SiSt in the ongoing development ofth¢ School. 2. To supportthe School: a) Financially in tem)s of grants. including awards to pupils who. by reason of financial hardship> woiild not oth¢rwtse be able to Ily partake in the ¢ducational or other activities offcred wtthin or outside the curriculum offtred by the School. bl With a netwo of professtonal help to support the S¢hoLFI and each other as and when required to fjJrther enhan¢e the Schoof8 reputation and lo assist in the dev¢lopment of its GUTrent pupils. 3. To maintain and continue to d¢Yelop the best p¢)ssib]e s)rtS and recreational taciliti&s at Grists, allowing pupils, fomier pllpi14 and the local community to ¢llgage in competttive swrt and recreation. 4. Dev¢lop as wide and divetse a network as possI]e to enable: a) the raising of funds for fither development of th¢ School. b) th¢ support of deserving eharitable ca5g c) the onuoing development ofTAL's sporting and reThtional facilities to meet its charitable objecttves. d) Tiffinians to develop tb¢irown network& VoluRteers Tiifinian Association Litnited has ro date relied on volwrteet5 due tothis, staff are lowerthan they would otherwise be. ACHIEVEMENT AND PERFORMANCE CharitabIe s¢tivities The charity mad? donations to Sthool duringthe year amounting to £7.973 (2018 - £11.042). These donations were m8d¢ to assist the School in developing the wmmunity for aIumni. p)114 stsff and friends of the School and also to help maintain the sports faeilities made aydilable to the whole community-
Inian Association Lim'ted of he Trustees f r the Year Ende March 202 ACHIEVEMENT AND PERFORMANCE Intern21 and ext¢rnal factors The trystees have considered the effect ofthe economic clirnate on the figwe5 shown within accounts. The trnStees consider that its res¢rves and income-generating assets will allow the djarity to continue its day to day activities for the for¢5ceable tre. To in¢rea$E donations it IS iJrt¢nded in the comTllg yvdrs to rearh out to the alumni on a more ac¢ive ba8i5 to look to achieve a larger contsct bw and at the same tim¢ encourage mor¢ donations to be made to the a550ciation. We are always lookiugto increase our outs%d¢ letting5 POt¢ntial alttmjugh thi5 always has to be balanced against any Costs agSOCiated with these and Putting addirional pressure on altEady strEtched volunteer help. However any major building underthking will reqknire significatrt fiJndrai5ing and acce&s to gran The trustees wnsider thE nature ofthe InveSknts annualty hold th¢ majorityof these in to aVOTd the rtsk of fallinrr valu¢s. The trustees and the executive group meet regularly to add operational matters and dis the finan¢ial infonnation present¢d to them. FINANCIAL REVIEW Principal funding sources Tiffinian Association Limited r¢ceives funding through m¢mber# donations. TAL owns 25 acres of playin8 fields at East Moles¢y in SUey. This includes two pavilions and &wciated equipn)ent for 5POrting activities to be carried out by ThE S¢hool, Old Boys, Sides and ffjcmbers of the loeal ¢on]munty. Sports include but not limited to fooiball. rugby. cricket and athleti¢5. The facilities are &vailabl¢ for hire to the Iccal community and the Old Boys, sport5 sections are open clubs and as all the facilities generate income. The hou5&S at 27 and 29 Surnmer AYenu¢ also Continue to be lrt at market ra Re5eryes policy The trustees ¢onsider that iuirestricted fimds not invtsted in fixed or deSIted for specific pu)DSe5 ("the free r¢sErves") should be nornMlly behveen £75,000 and £125,000. However with the tUre p055ibility of18rgc capithl invest[nEI these are beints allow¢d to run at a higher level. This not only would assist with any major pnJj¢ct undertaken but also assist w&th tying to obtsin any match fimding l initiative5 that the may At the Donnal lev¢l. the tn feel that thty would bE able to continue the current a¢ttvtties of th¢ charity in the event of a significani drop in funding or any unexpe£ted expen5¢& It would obviously be necessary to consider how the funding would be replaeEd or a¢tivitics chatwed. FUTURE PLANS The charity is always looking to en5ur¢ li meets its charitable objectives and looks to expand aHd fitrther promote its activitie$ which in tim¢ may kelp to improve the financial viability of its operations. STRUCTURE. GOVERNANCK AND MANAGEMENT CDv¢rning document The charity i5 controlled by its governino docwn¢n4 its and articles of ass0¢iatton and constitutes a limited company. limited by gllattee as deflljed by the Compani&s Act2006. Tiffinian Asso¢iatiQE] Limited vrds incorpoTat¢d as a cow limited by guaraTrttt on 4 June 2008. It w&% registered as a ¢harity on 3 September2008.
Tiffinian Aswciati Limited ort ey rEnded3 2020 STRucfuRE, COVERNANCE AND MANACEMEP4T Re¢ruitmellt and appointment of trustees The tn]stses. who are director5 for the purpose ofcompany law and for the purpose of dRrity law, who served during the year and up to th¢ date of this report are set out below 4. There is a procedure for the recruilmtht and appoinlment of new trustees. namely that nominations are received by the current tnw who then discus5 and vote upon any nonJÈnations received. The trustees re¢oEnise the need to str¢ngthen the board and aye actively lookino for new memb¢rs with the relevant ¢xperience and skills to join ihe board. Organisatlonal struetur¢ The charity is run by trustees who norniaIly m¢Bt quarterly and are Twon51 le for the strakgic direction and policy of the charity. Two of the trustee5 are involved in the day to day nmning of the charity. and they have de]egated authority from the Trust in the making of on-going decisions. Inductfon and training of Aew trustees All new trustee5 are given. in the view of the board. sufficient traini¥ and have enou.tsh knowledge of their specift field to undersiand the nature ofthe charity and llY comply wtth the charitys view5 of its progressTOIL Wider network At presenc the ¢harity does not consider itself PArtofa wider netWOTk Related p2rlie5 The trustees consider that the entities li5t¢d in the.signifit activitie5" note below were related partte& The trustees do not consider that Tiffin School 15 a related paty ahhough representatives of the school also reptEsent Tiffinian Association Limited. REFERENCE AND ADMINisfRATIVE DETAILS Registered Compgny number 06011130 (Eland and Wales) Registered Charity nurnber 1125708 Regtstered Tiffin School Queen Elizabeth Road Kingston upon Thames Surr¢y KT2 6RL Trustees M W Darby S A Lester PJ Osbome P P Phillips T M Brown J R Strong J McNi¢holas K Garlic O S E Macki¢ Company Secretary J K Strong
ni ss ciati rtoftheTr rthe djl REFERENCE AND ADMINisfRATIVE DETAILS Auditors Roffe Swayne Statutory Auditors & Chartered Accountsnts Ashrombe Court Woolsack Way Godallning Surrey GU7 ILQ PUBLIC BENEFrr The 5POrts pitches owned by th¢ Charity at MolEsey are leased by TifFm Sclwol and are used for a of sponing activities durins the w¢ek and at weekends. The pavilion is used during week by a local playwoup the sports pitches are also used by a nwnber of Outside local clubs not associated with the S¢hool and its fomter pupils. The clubs using the name Old Tiffinians are open to all who wish to join and a high proportton of the members of many ofthe$¢ clubs are not ctjrent or fornier members of the school. The aim of the Charity is to mwmise the income it can gejberate from th&se facilities whi15t not overusittg thenL STATEMENT OF TRUSTEES, RESPONSIBILITIES The tnTStees (Ivho are a150 the directors of Tiffinian ASKlatiOn LimTted for the puw&8 of company law) are responsible for preparing the Report of the TrSteeS and the financial statements in accordan with applicable law and United Kingdom Accounting Standards (United Kingdom GenerallyAccepted Accountints PTreti¢e). Company law require5 the truslEes to prepare finan¢ial statements for financial year which give a true and fair view of the State of affai of the charitable company and of th¢ incomtng resourcos application of resources. including the income and expendityrw ofthe ¢haritable coropany forthat period. In preparinu those fitjancial 5tatement4 the tstee$ are TEquired to select suitable accounting policies and th¢n apply them consistendy. observ¢ the methods and principles in th¢ Charity SORP. make judts¢ments and estimates tba¢ are reasonable aDd pruden¢ prepare the financial statements on the going concern b&sis unl¢ss Tl is inapproprtute to pr¢sume that the charitable company will continue in bu$iDess. The trustees 4r¢ responsible for ke¢ping prnper aw)UDlin8 [rdS which disclose with rSOnable aceuracy at any time tlie financial p051tion of the charitable cornpany and to enable them to ensure rft th¢ financial siitements comply wilh th? Companies Aet 2006. They are also responsible for 5afe.tyuardino the assets of chBritsble wy and hence for tsking reasonable s*p$ for the prevention and ddection of fraud and other iTre8ulariti¢s. ID so Far as the trustees are awaTE: there is no relevant audit infomiation of which the charitable ¢ompaNrfs auditors are unaware" and the truste?s have taken all steps that they ou8ht to have tskgn io make themselv aw#re ofany relevant audit information and to stabli5h thatthe auditors are aware of that inforn?atiOJL AUDITORS The auditots RolTe SwAyne. will be proposed for re-appolnttnt at the ftjrthcoming Annual General M¢eting. Approved by order of the erd of trusÈees on 9 Nov¢mber2020 sign¢d Oll its behalf br P J Osbon- Trustee
of the In Tiffioian en ti(Jn Limi to Opinion We have audited the financial statements of Tiffinian A5SOCtation Limited (the 'd?lIable compan) for the year ended 31 March 2020 which comprise the Statement of Financial Activiti¢4 the Balancc Shed and notu to the financial Stratements. includinu a summary of significant a¢coutlting policies. The financial reporting framework that has been applied in their preparation is applicable law and Unitd Kingdom Accounting Staodarth (United Killgdom Gena]lyA¢¢ept¢d Accountino Practi¢¢). In our opinion the financial staternent&' give 8 true and fair view of the state of the cljaritable compatys alTa1 as at 31 March 2020 and of its incoming resources and applicJCion of re8(ACeS. inclllding its income and expd]lure, ftjr the then ended. have been properlyprepared in accordance with unit Kinfwdorn Generally Accepted Accountints Pr2Cti¢e: and have been prepared in accordance wilh the requir¢ments ofthe Compantes Act 2006. Basis for opinion We conducted our audit in accordan¢e with Intsmational Stsndarth ¢)n Auditinr IUK) (ISA5 (UK)) and applicable law. Our responsibilities under those stAndards are fi]rther describ¢d in the Audttorg r¢5ponsli Jilities ftir the audit of thE financial stat¢ment5 section of ourreporL We are independent of the charitable con]pany in a¢¢ordance with the etl)ical requirements that are relevant to our audit of the financial sratemenis in the UK, including the FRCS Ethical Standard. and we have fulfilled OUT Ot1 ethical responsibilities in accordance with these rWu1remen We believe that the audit eviderKe we have obtained 15 sufficiettt and appropridie to provide a basis for our opinion. ConcJusloRs relating to going concern We hav¢ nothing to report in respect of the following mallers in relation to Mthich the ISAS IUK) require us to reporf to you where: the truste, usc of the gointr concem basis of accffjunting Tn the preparation of the financial statements is not appropriate. or th¢ trustees have noi disclosed in the financial stai¢ments any identified material uncertainties that may cast STgnificant doubt about the charitable company's ability to continue to adopt the going con¢em basi5 of accountin. months from the date when th¢ financial sellnts are authorised for i55ue. for a period of at least twelve Other information The trustees are responsiljle for the other inforniatiorn The other infonnation ¢omprtsgs the itjfomation included in t])e Annual Report, other than th¢ financial statements and our Report ofthe Ind4KndentAuditors thereo Our opinion on th¢ finallcial statements do&8 not cover the other Tnforn]ation and. except to the extent otl)erwise expli¢itly stated in ourreport, we do not express any forni of assurance eott¢lusion thereon. In ¢onne¢tion with our audit of the financial Maternents. ourresponsibility Is to read the other infomiatir)n and. in doing so. consider whether the other information is materially InnsiStet with the fmancial seMentS or our knowledge obtained in the audit or otherwise appears to be mat¢rialty misstated. Ifwe identify suth matrrial tnconsistencies or apparent material misstatements, we are required to determine whether thcre is a material misstst¢ment in the financial srakm¢nts or a malcrial mis5tatemenl of the other infonnation. If. based on the work we hav¢ perfornd. we ronGlud¢ that there 15 a tnaterial misstatement of this other infom)ation. we are required to ryort that facL We have nothing to Teport in this Tega Matters on whleh wc are required to report by ceptIon We have nothing to report in r¢sp¢ct oftb¢ followin. U5 to report ro you if. in our opinion: crnw*r5 wh¢re the Charitie5 (Accounts and Reports) Regulations 2008 requires the inforn)ation triven in the Report of the Trustees T5 inconsistent in any terIal w with the finan¢ial ststem¢nts' or the charitsble company h&4 not kept adequate accounting record4" or the financial statements are not in agreement with the accOun& records 4nd r¢turns' or we have not rec¢ived all the infomiation and ¢xplat3ation% we Tequire for our audit
of th nde sociati ende tAuditor imi to the Tnjste Re5POll5ibilities of trustees As explained rn0 fvlly in the Statement of Tnweeg Rwonsil>ilitie4 the treeS (who arE alsD the directors of the charitable company for the putposes of company law) are responsible for the prepardtion of the fmancial statements ond for being satisfied that they give a true and fair view. and for su¢h internal eontrol as the trustre5 deterniine is necessary to ¢nable the preparation of financial sthtements that are fite from material mis5tatemenL whethwdue to fraud or error. In pr¢paring the financial statements. the lThstees aTE responsibl¢ for a5SB&8ing the charitable conjpanys ability to continue as a oing con¢ern. disclosing, as applicable. rnatters related to going concern and using the ooing concern basis of accounting unless the knslees ¢ither intend to Ilquidate the charitable eomp8nyor to Ctase operdtl0t or have rto realisti¢ altemative but to do so. Our responslbilxti&s for the audit rjf the financl4J 5tstetnents We have been appointed as auditQTS under Seaion 144 of the Charities Act 2011 and report Tn arcordanc¢ with the Act and relevant r¢gulations made or havino eff¢ct ther¢under. Our obj¢ctives are to obtsin rnonabk assurance 2bout whether the financral statcm¢nt5 a whole are free from matBrial misslaternenL whdher due to fraud or error, and to tw¢ a Report of the Independent Auditors that includes our optnion. R¢asonable assuran¢e 15 a high level of assurance. but is rjot a guarantee that an 2udit conducted in accordance with ISA5 (UK} will always detect a material mi$5tatemEnt when tt exists. Mtssthtemellts arise from frdud or ejror and are considered material if. individually or in the wgat< they Cl] rwollabty be expEded to influence the economic dectsion5 of users taken on the basis of these financial statements. A furthcr description of our responsibilities for the audit of the fiw]cial statements is localcd on the Ftnoncial Reportin- Council's websit¢ at www.fir.org.uklauditorsresponsibilities. This d]ption fornwpart of our Report of the Jnd¢pendent Auditor5. Use of our report This report is made solely to the charitable companls tru5te4 &4 a body, in ardance with Part 4 of the Charities IA¢counts and Reports) Regulations 2008. Our audTt work has been ulldertaken so that we rnight state to the eharitable company's trust¢es those matters we aR required to sthte to them in an auditots. report and for no oiher PUTP05e. To the fullest extent pem)itt¢d by law, we do not accept orassume responsibtlityto anyone other than th¢ ¢harttablc Company and th¢ ¢harttable cotnpany* tnthes as a body. for our audit wo]t for this repor( or for the opinions w¢ have fornied. fora]Kl on behalf of Roffe sWae Stawtory Auditors & Chartered Accountants Eligible to act as an auditor in tern15 of Section 1212 of the Companies Act 2006 Asheombe Court Woolsack Way Oodalmillg Surrey GU7 ILQ 10111120
Tlffinian ociation LimId Statement of Financia] Activiti e Yw Ended March 2020 Unrestrtcted fund 2019 Toial funds Not# INCOME AND ENDOWMENfs FROM DonatIot]5 and legacies 10,455 21,214 Oih¢rtrading actlVlEies Investment income 66.368 3.048 78.895 2.044 Total 79,871 102,153 EXPENDITURE ON Charitable actlvities Donations 6.661 7.973 Other 55.672 50,410 Total 62.333 58.383 Nel O&Tns/(1055es) Dn investments 12.743) 2,944 tYET INCOME 14.795 46.714 RECONCILIATION OF FUNDS Total funds brottght forward 480.916 434202 TOTAL FUNDS CARRIED FORWARD 495.711 480.916 The notes form part of these financial stateMts
Balance Sheet 31 March 2020 2020 Unrestricted fimd 2019 Total fiznds FIXED ASSETS Tangible assets InVesthnts 115,269 49,559 112.310 Sli02 164.825 164.612 CURRENT ASSM Debtars Cash at bank 3.584 335.739 5.521 326.061 339J23 331J82 CREDITORS Amounts falling due within one year 10 (8.440) {15.278) NET CURREpif ASSETS 330.883 316.304 TOTAL ASSETS Ls CURRENf LIABILITILS 495.711 480.916 ASSETS 495.711 480.916 FUNDS Unrestricted fimds 495.711 480,916 TOTAL FUNDS 495.711 480.916 The charitable company is entitled to ex¢mpiion from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020. The metnb¢rs have not deposited notice. pursuant to Section 476 of the CornpaRi&s Act 2(M)6 requiring an audit of these fin2ncial statements. The trustees aeknowledge theirresponsibilities for (a) ensuring that the Gharitable company keeps accounting rerdS that comply with Sections 386 and 387 of the Companies Act 2006 and preparintt financial statements which give a tn and fair view of th¢ stat¢ of affairs of the charitdble company as at the end of eaeh financial year and of its surplus or d¢ficit for ea¢h financial yeHr in ordanCe WiEh the requitEments of Sections 394 and 395 and F/hieh oth¢rwis¢ comply with the requnrments of the Companies Act 2006 relating to finan¢ial statements. so far as applicable to the charitsble ¢ompany. (b) The rtot¢s fonn part ofthe5e financial statm¢llts continued...
iffinian A550C ion Limi Balance Sheet- c 31 March2 20 These financial statements have been prepared in accordance with the provisiom applicable to charitsble companies subject to th small ¢ompania8 regime. The financial statements w¢re approved by the BoArd of Tn and authorised for issue on 9 November2020 and were signed on If by.. P l Osborne- Te The not<4 form part ofthese financial srar¢nRnts
Tiffi n Assoc ation im ial Statements ed 31 March 2020 eYearE ACCOUP4TING POLICIES Basis of preparing the financi21 ststements The financial statements of the Charitable company. which is a public benefit entity Under FRS I2. have been prepared in accordance with the Charities SORP IFRS IIY2) 'Aeeounting and Rcptjrting by Charities.. Ststement of Recommended Prdctice applicable to charities preparing their arcounts in accordance with the Financial Reporting Stsndard applicable in the UK and Repllblic of Ir¢land (FRS 102) (effective l January 20191,, Financia] Repotting Standard 102 'The Financial RertIng Standard applicable itt the UK and Republic of Ireland, and the Companies Act 2006. The financial statemenis have been prepared under the historical cost ¢onvention. with th¢ exception of investments whirh are included at market value. & modifi¢d by the valUatiOn of rertain assets. The company. Incorporat in FgIaTrd and Wale4 15 limitrd by and th¢ registered office is Tiffin School. Queen Ellbeth Road. Kingston upon Thame& Surrey 6RL. Th¢ Ilability of each memberis litntted to £10 on awinding up of the company. Income All income is recogni5¢d in the Statement of Financial ActiVAlies once th¢ c]wity has ¢ntitlem¢ntto the fjJnd4 it TS probable that the income will be TEceivcd and the amount can be measu1 reliably. Exppnditure Liabilities are recognised Ls expendirure a8 sn as ther¢ is a l¢gdl or nstrUCtive obligation committing the charity to that expenditure. Tt is probable that a transfer of economic benefits will IK required in settlement and the amount of ihe obligation can be measured reliably. Exp¢nditure a¢Unted for on an accruals basis and has been classified under headings that e82te all cost r¢lated to the category. whe costs ¢annot be dire¢tly attributed to parti¢ulor headinJ they hav¢ been allocated to activities on a basis ¢oTrsistentwith the use of resource5. Tangible rtxed assets Depreciation is provided at the following rates iti orderto write off rach &sset over its estimated use1 lifr. Freehold property Pknt and machinery at Ydrying ratss on eo 2A on cijst Taxation The ¢harity is exempt coryoratton tsx ort its charitable activitie& Fund aeeounting Unrestricted fimds can be used in accordance ivith the chatitsble objectives at th¢ discretion of the truste¢s. Restricted fvnds can only be used for porticular within the obj¢Gts of the ¢harity. 11&strictions arise when specified byth¢ donor or when fimds are [aLd forparticularrtrlCted pUoSe$. Fwth¢r explanation of th¢ nature and ppoSe of e8¢h fiIEMI 15 included in the notes io th¢ fjnancial statenkn Foreign ¢tsrrenEks A3sets and liabilities in foreign ollrencies are tsznslaied into srlIng at the ntes of exchange ruling at the balan sheet data Trdnsaction5 in foreign currencie5 translated i]RtQ Sterling at the rate of exchange ruling at th¢ date of trdll5action. Exthange differences are taken account in aTriving at operating resuIL Investments Investments are stated at market value. Debtors 10 continued...
Tiffinian soci to the F-nan ia eye ed31 St 20 AccouNfiNG POLICIES- contittued Invwtments Short terni debtor5 are measured at tranwtion Ydlue less any impairment At each balance sheet date, debtors are assessed for objective ev[deJ¢ of impa[mnt. If an asset is impaired. thc in)paItIosS is measured as the difference between the canying amount and the amount expected to be e1ved. Cash and casb eqllivalents C&%h and cash equivalents comprise cash at bank and on h8n¢L demwd deposits with banks and other short t investsnents with original maturtties of 3 months or less. Credltors Short ienn trdde creditots are meawred at tra?0 Yalu& Other financial liabilities are measured initially at fair value, net of trall5action cosw and 5ubseouentty at 8mortised cost using the Effective int¢re5t method. Criti¢a( aeeountlTrg judgements 4nd key sourw of*110 nCertaInty No significant judgements have been nmde by the TrustKs in pryaring these rMaTal statemm Golng Concern The financial statements have b¢en prepared on a going concern basis as th¢ Tntstee5 have considered a period of one year from the date of appmwdl of the account& The Trnste¢s have paid parti¢u]ar attention to the likely effects of the Covid_19 outbreak and considEr that thE Charity has adequate resources to able io continue as a going concem for the fDre5eeable DONATIONS AND LEGACIES 2020 2019 M¢rnbers ffgular donations 10,455 21.214 During the year. the Charity received a legacy donation from the Estate of Peter SmTth deceased. OTHER TRADING ACTIVITIES 2020 2019 Hire of pitches Nursery rent House and yard rent Other income 25.905 15.730 23.097 1.636 28.930 16.392 33573 66,308 78,895 continued...
Tiffinian A ciati imited Notes to the Fina forth rEn ci tefftents- continued h202 INVESTMENT INCOME 2020 2019 InvEStment ineome 3.048 2.044 NET INCOMEI(EXPENDITUREJ Net incomel(expenditure) is slated after char.Lrinpl(cTrditing): 2020 2019 Audilorg remuneration Depreciation- Own assets 1.740 2J37 1.728 2.337 TRUSTEESI REMUNERATION AND BENEFITS There were no trustees, remuneration or Ot benefits for the y¢8r ended 31 March 2020 nor for the y¢ar ended 31 March2019. Trustees, expe5 There were no trustees, expenses paid forthe yearded 31 March 2020 nor for the year ended 31 Mareh 2019. TANGIBLE FIXED ASSBTS Freehold propety Plant and ma¢hinery Totals coKr At l Apri12019 AddiliorLS 129.142 15.498 5.296 144.640 5.296 At 31 Mah 2020 129,142 20,794 149,936 DEPRECIATION At l Apri12019 Charge foryear I840 1.834 13,990 503 32,330 2J37 At 31 March 2020 20.174 14.493 34.667 NET BOOK VALUE At 31 Marth 21r20 108.968 6.301 115.269 At31 Mar¢h2019 110.802 1,508 112.310 The land and buildina have en record at nel book value at the dare of transfrr to Tiffini&n Association Limited. The rate of depreciation is based on the histori¢ ¢ost ofth¢5e assets. 12 ¢on£inu¢d...
iation Li Ttsd Notes t the Fi nciai S forthe Year Ended 31 Marc FIXED ASSET INTmENTs Shares in gTOUP ndertakings Lirted Investments Totals Tr[ARK VALUE Atl Apri12019 Revaluation$ 52JOI (2.743) 52.i02 (2.743) At 31 M&rch 2020 49.558 49.5J9 TYET BOOK VALUE At 31 March 2020 49.558 49,559 At 31 Marcb 2019 52JOI 52.302 There no investment assets outside th¢ UK. Tlie ¢ompanYs investments at th¢ balance sEKrtdate in the share p11 of companie5 include the following.. Dn Pavilion LEmited Registered office: Nature of busine5K Social ¢lub Class gf Share: Ordinary holdti The company recetved donations from Dean Paytlion Limited durTn¢P the yearamounting to £Nil (2018- £1.433). Dean Pavilion Limited is dormant and has negligil)le ass¢f& DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2020 2019 Other debtors 3,584 5.521 13 ¢ontinued...
ilfIni iation Limited cial Sta ments- co ed 31 March the Year E io. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2020 2019 Other creditors 8.440 15,278 ii. MOVEMENT IN FUNDS Net moYetn¢nt in fimds At 31.3.20 At 1.4.19 Unrestrictsd fllnds General fimd 480.916 14.795 495.711 TOTAL FUNDS 480,916 14.795 495,711 Nel inovement in fiTnd4 iD¢luded in the above aye as follo. Incoming Gains and losses Movement irt funds expEnded Unrestricted funits Geral fund 79,871 (62 JJ3) .743) 14,795 TOTAL FUNDS 79,871 162J33) {2.743) 14.795 Compardtlvw for movement funds Net movement in fimds At 31.3.19 At 1.4.18 Unrestricted funds General fund 434202 46.714 480.916 TOTAL FUPIDS 434202 46.714 480.916 Comparative net nN)v¢ment in fund5. included in th¢ above are as follow5: Incoming Resources expended Gains and losses Movem¢nt in funds Unrestricted fund5 General fund 102.153 (58J83) 2.944 46.714 TOTAL FUNDS 101153 (58,383} 2,944 46.714 14 contlnucd...
Ttffinia sociation Limi otes to the Financial Statements- continu ' the Year Ended 31 Mar h 2020 ii. IVIOVEMENT IN FUI¥DS- colltinu A euTrent year 12 months 2nd prioryE8r 12 months combin¢d position is as follo Net ovement in funds At 31.320 At 1.4.18 Unrestrxcted funds Gener41 fund 434202 61.509 495.711 TOTAL FUNDS 434,202 61.509 495.711 A CUTrent year 12 months and prior year 12 nnthS wmbined net movonent in W includEd in the above are as follows: Gatns ond losses Movement in ndS expended UDre5tricted funds Gen¢ral fijnd 1811r24 (120.716) 201 61.509 TOTAL FUNDS 182.024 (120,716) 201 61.509 12. CAPITAL COMMITMKTrITS 2020 2019 Contraet¢d but not provided for in the financial statements 57J44 The directors approved the purch of new equipment amounting to £57044 during the )rar but not receive this equipment until after 31 March 2020. The ch8rity h&% rw¢ived a t t0dS the cost of the equipment amounting to £43.008. 13. RELATED PARTY DIscSUREs There were llo reIated patytransactions for the year ¢nded 31 March 2020. 15 continued...
Tiffjn ¢iation Limited Notes to the Financial r the Year E teme ts-c 202 iinu 14. ULTIMATE coiirrROLLING PARTY The trustees do not comsiderth¢r¢ 15 a controllins pty. 16
TitTinian Asso¢iation Limi Detailed tatement of Financia e Year ctivitie5 h 2020 2020 2019 INCOME AND EfqDOWMEifrs Donatiolls 4nd legaeies Me1berS regular donations 10,455 21.214 Other trading activities Hire of pitches Nurseryrent House and yard rent Oth¢r income 25.905 15.730 23.097 1.636 16.392 33.573 66J68 78.895 Investm¢nt incom¢ InVeSt¢nt incom¢ 3.048 1044 Total incomlllg re50urees 79.871 102,153 EXPENDITURE Charitable activities Donations 6,660 7.973 Support costs Other Ground maintenance and repairs Utiliti¢5 Sundries Freehold propety Plant and machinery 16273 33566 490 1.834 503 8.628 31,785 932 2.337 52.066 43,682 Governanc¢ costs Auditors. remun¢ration Professional fees .740 1.267 1.728 5.000 3.007 6,728 Total r¢50urces expended 62.333 58,383 N¢t income 17.538 43,770 This pa8¢ does not fo part ofthe stamtory financial strtemcnts 17