REGISTERED COMPANY NUMBER: 06611130 {England and Wales) REGISTERED CHARITY iYUMBER: 1125708 R ort of the Trnstees and Financial Statements for the Period Ended 30 S tember 2023 Tiffinian Association Limited Nicholas Cliffe & Co Limited Chartered Accountants Mill House, Mill Court Gr¢at Sh¢lford Cambridge CB22 5LD
Tiffinian Association Limited Contents of the Financial Statements for the 18-Month Period Ended 30 Se tember 2023 Page Report of the Trustees I to 5 Report of the Independent Examtner Statement of Financial Activities Balance Sheet Notes to the Financial Statements 9 to 16
Tiffinsan Association Limi 011 of the Trustees for the 18-Month Period Ended 30 Se tember 2023 Th¢ Trustees, who are also directors of the Tiffinian Association Limiled ('Ihe Charity, or'TAL') for th¢ purposes of the Companies Act 2006, present theirreport with the financial statements of the Charity forthe period ended 30 SepteTnber 2023. 1.he Trustees have adopted the provisions of Accounting and Reporting by Charities: StateTn¢nl of Recommended Practice applicable to charities preparing their own accounts in accordance with the Financial Reporting Standard appli¢able in the UK and Republic of Ireland (FRS 102) (effective October 2019). OBJECTIVES AND ACTIVITIES The objectives of Charity as agreed by the Trustees are produced b¢low= SHARIIVG THE BENEFITS OF TIFFIN TAL- THE VISION To create a vibrant and active association that provides maximum b¢nefit to the Tiffin School ("the School"), TitTinians and the wider Tiffin community. TAL- THE OBJECTIVES To develop an active community for Alumni. Pupi14 Staff (past and present). Parents (past and present) and friends of the School which will enable them Éo keep in contact foriheir individual benefit, both social and business and to assist in the ongoing deyelopment of ihe School. 2. To support the School.. a) Financially in temis of grants. including awards to pupils who, by reason of financial hardship, would not otherwise be able to partake 1]Y in the educational or other activities off¢red within or outside the curriculum offered by the School. b) With a n¢twork of professional help to 5UPPOrt the School and ¢ach other as when required to further enhte the School's reputation and to assist in the development of its Cuent pupils. 3. To rnaintain and Continue to develop the best Possible sport5 and re¢reational facilities at Grists, allowing pupils, fomier pupils and the local community to engage in competitive sport and recreation. 4. To develop as wide attd diverse a network as possible to enable- a) the raising of funds for further development of the School. b) the support of de5¢rving charitable cases. c) the ongoing development gf TAL'S sporting and recreational facilities to meet its ¢haTlt8bl¢ objeetives. d) Tiffu)ians to develop their owrh networks. Volunteers TAL has to date relied on volunteers and due to this, staff costs are lower than would oth¢rwise be th¢ case.
Tiffinian Association Limited ort of the Trustee5 for th¢ 18-Month Period Ended 30 Se tember 2023 continued ACHIEVEMENT AND PERFORMANCE Charltable activities The charity Tnade donations to Tiffin School during the period amounting to £ 11,130 (2022 - £32,967}. These donations were made to assist the School in developing the community for alumni, pupils. staff and friends of the School and also to help maintain the sports facilities made available to the whole community. Since the period end, TAL has donated £81.000 to the single pavilion project. IDternxl and external factors The Truste¢s have consid¢r¢d the effect of the economic ¢limat¢ on the figures Shown within these financial statements. The Trustees consider that its reserves and iD¢ome-generating asse15 will allow the charity to continue its day-to-day activities for the foreseeable future. We are always looking to incr¢as¢ our outside lettings, potential, although thi5 always has to be balanced against any associated costs and any addilional pr¢ssur¢ plac¢d on the volunteer5, who have other responsibilities of their own. Howev¢r, any major building project will require significant fundraising and aesS to grants. The TrusteES consider the nature of the investments evcry yw. Th¢ rnajority of the investments ae held in cash to avoid the risk of falling values. TheTTUSt¢¢s and th¢ ¢x¢outiv¢ group me¢tr¢gularlyto addr¢ss operalional matters and discussthe financial infomiation presented to them. FINANCIAL REVIEW Principol funding sources TAL receives fvnding through m¢mber5' donations. TAL owns 25 acres of playing fields at East Molesey in Surrey. This includes two pavilions and associated equipment for sporting activities to be carried out by the School, Old Boys, sides and members of the local cornmunity. Sports include but are not limited to football, rugby, cricket and athletics. The fa¢ilitie5 are available for hire to the local community and the Old Boys, sports 5¢Ctions. which are open clubs. As aresuli of that policy. all the facilities are able to generate income. The houses at 27 and 29 Summer Avenue also continue to be let at Tnarket rate. Reserves policy The Trustees consider that unrestricted funds not invested'in fixed assets or designated for specific purposes ("the fre¢ r¢serves"l should be normally between £75,000 and £125.000. In nomial circumstances, the Trustees feel that the Charity would be able to continue its current activities in th¢ eve1 of a signtficant drop in funding or any unexpected expenses with that level of reserves. However, with the future possibÈlity of large capital investment, reserves are being maintained at a higher level. This not only would assist with the direct funding of any major project but a150 aSS15t the Charity in trying to obtain any match-funding grants or other financial support which may be available. In that circumstance, it would clearly be necessary to consider how the funding would be replaced or activities changed.
Tiffinian Association Limited Re ort of the Trustees for the Period Ended 30 Se tember 2023 continued FUTURE PLANS The charity has considered the future of the Dean pavilion because of its age, accessibility for disabled people and the development of women's sport following the School's admission of girls into the 5iXth form. The School's pavilion faces similar ¢hall¢ng¢s. The board has concluded that the solution for both it and the School is a single pavilion project. Because the School ha$ a record of receiving grant funding and to allow the ground to be managed on a professional basis rather than using volunteers, it has resolved to agree merger temis with The Tiffin School Foundation (Ihe Foundation, charity nurnber 1185240), th¢ charitable incorporal¢d organisation which owns the School's land in Kingston upon Thames and appoints th¢ School's gov¢rnor5. The Charity's merger with the Foundation ocCUed on l August. 2024. As part of the single pavilion project, the board has approved a contribution of £112,000 towards the aTchitect'5 and related planning costs which the project requires before it can apply for external and Goveminent finance through to completion. At 30 September 2023, this commitment was £31,000, following payments made during the period. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing doeument The Charity is controlled by its goveming document, its memorandum and article5 of association and constitutes a limited company. limited by guarantee as defed by the Companies Act 2006. TAL was incorporated as a cornpany limited by guarantee on 4 June 2008. It wa$ registered as a charity on 3 September 2008. Recruitment And appointment of Dew Trustees The Trustees, who are also directors of the Charity for the pury)ose of both company and charity law, who served during the year and up to the date of this report are set out below. There is a procedure for the recruitment and appointment of new Trustees. namely that nominations are received by the current Trustees. who then discuss and vole upon any nominations Teceived. The Trustees recognise the t]eed to strengthen the board and are actively looking for new members with the relevant experience and skills to join the board. Organlsatlon#l structure The charity is Tun th¢ Board of Trustees {"the board") who normally meet quarterly and are responsible for the strategic direction and policy of the charity. Two of the Trustee$ are involved in the day to day running of (he charity, and the Board has delegated authority to them for on-going d¢ci5ions. Induction and traRnIg of new Trustees In the view of thc Board, all new Trustees are given sufficient training and have enough knowledge of their specific field to understand the natur¢ of lh¢ charity and fully comply with th¢ charity's views of its progression. Wid¢r network At present, the charity does no¢ ¢on$id¢r its¢lf part of a wider network.
TitTinian Association Limited Re ort of the Trustees for the Period Ended 30 S¢ tember 2023 Continued Reloted p8rties We provide details of trallsactioT)S With related partie5 in note 14 of th¢se financial stalern¢nt$. REFERENCE AND ADMINISTRATIVE DETAILS Registe*ed Company nuENber 06611130 (England and WAl¢s) Registered Charity 1125708 Registered offic¢ Tiffin School Queen Elizabeth Road Kingston upon Thames Surrey KT2 6RL Trustees T M Brown M W Darby S A Dowsett {resigned 30 Sept¢JDb¢r 2024) S A Lester O S E Ma¢kie (resigned 30 September 2024) G J Nutt (resigned 30 September 2024) P J Osbome (resigned 27 October 2022} P P Phillips (resigned 30 September 2024) JA Rudofsky (appointed 9 February 2023,. r¢sign¢d 30 September 2024} J R Strong (resigned 30 September 2024) Company Secretary J R Strong Independent Examiner A.N. Cliffe MA, FCA Nicholas Cliffe & Co. Limited Mill House Mill Court Great Shelford CambTidge CB22 5LD
Tiffinian Association Limited Re ort of the Trustees for the P riod Ended 30 Se tember 2023 ontinued PUBLIC BENEFIT Th¢ Trustees have considered the Charity Commission statement on public benefit. The sports pitches owned by the Charity at East Molesey are leased by Tiffin School and ar¢ used frpr a range of sporting activities during the w¢ek and at weekends. The pavilion is used during the week by a local play-group and the sports pitches are a159 us¢d by a number of outside local clubs not associated with the SLhool and its fornier pupils. The clubs using the name'old Tiffinians" ar¢ open to all who wish to join and a high proportion of the members of many of these clubs are not current or forn)er members of the School. The aim of th¢ Charity is to maximise the income it can generate from th¢se facilities whilst not over-using them. STATEMENT OF TRUSTEKS, RESPONSIBILITIES The Trustees (whg are also the directors of TAL forthe purpose5 Qf company law) are responsible forpreparing the Report of the Trllstees and th¢ financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kin¥dom Generally Accepted Accounting Practice). Company law requires the Twstee5 to prepare financial statem¢nts for each flnancial period whtch give a true and fair vi¢w of the stste of affairs of th¢ Charity and of the incoming resources and application of resources, including the income and expenditur¢, of the Charity for that p¢riod. In preparing those financial statements, the Trustees are required to select suitable accounting policies and then apply them consistently; observe th¢ methods and principles in the Charity SORP. make judgements and estimates that we reasonable and prudent- prepare the financial statements on ihe going concern basis unless it is inappropriate to pr¢sume that the Charity will continue in busin¢SS. The Trust¢¢s are Tesponsible for keeping proper accounting records which disclo with reasonable accurdcy at any time the financial position of the Charity and to enable th¢m to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other itTegularities. In so far as the Trustees are aware.. there 15 no relevant accounting information of which TAL'S independent accountants are UDaware' and the Trustees have taken all steps that they ought tts have taken to make themselves aware of any relevant accounting inforniation and to establish that the ind¢pendent examiner is aware of that information. INDEPENDENT EXAMINERS The independent examin¢r is A.N. Cliffe, director of Ni¢holas Cliffe & Co. Chartered Accountants, of Great Shelford, Cambridge. Approved by order of th¢ board of Thstees on A) and signed on its behalf by.. M W Darby- Tjustee
Inde en ent Examiner, Re ort for the 18-month eriod ended 30 Se tember 2023 I report on the accounts of Tiffinian Association Limited for the 18-rnonth period ended 30 September 2023. Respeetlve responslblllties ofTrustees and examlner The Trustees are responsible for the preparation of the accounts. The TTUStees consider that an audit Is not required for this period under section 43{2) of the Charities Acl 1993 (the 1993 Act} and that an independent examination is needed. Having satisfied myself that the charity is not subject to an audit under company law and is eligibl¢ for independ¢n¢ exatninalion, it is my responsibility to.. examine the accounts under section 43 of the 1993 Act.. follow the procedu8 laid down in the dir¢ctions given by the Charities Commission (under section 43{7)Ib) of the Act, a5 amended). and state whether particular matters hav¢ wme io Tny attention. Basi5 of independent examiner's report My examination was Caled out in accordance with Gen¢ral Directions given by the Charity Commission. An examination includes a review of the accounting records. It also include5 consideration of any concerning any such matters. The procedures undertaken do not provide all the evidence that w(Truld b¢ required in an audit and, tonsequently, no opinion is given as to whether the account5 present a 'true and fair view, and th¢ r¢port is limited to thosc matt¢rs sel Out in the statement below. Independent examiner's $tatemeTht In connection with my examination, no matter has come to our atteniion.. (11 Which giyes me reasonable cause to beli¢v¢ ihat, in any material respect, the requirements.. to keep aoUntIng records in 2ccordan¢e with section 41 of the Act; and to prepare accounts which a¢¢ord with the accounting records and to eomply with the accounting requirements of the 1993 Act have not been met. or (21 to which, in my opinion. attention should be drawn in order to enable a proper widerstanding of the accounts to be reached. Dat¢d: k / A.N. Cliffe, MA. FCA For and on behalf of Nicholas Cliffe & Co. Limited Chartered Accountants Mill House, Mill Court Great Shelford Cambridge CB22 5LD
Tiffinian Association Limited Statement of Financial Activities for the 18-Month Period Ended 30 Se tember 2023 2023 Total funds 2022 Total fiknds Notes INCOMING RESOURCES Donations and legacies 53,018 30.117 Other trading activities Investinent incom¢ Other income 152,708 4,847 132.720 2,485 Total 210,573 172,649 OUTGOING EXPENDITURE Charltable aetivities Donations 110,130 32,967 Other 122281 108771 Total 232.411 141,738 N¢1 gains on investments NET INCOME (21,838) 32,449 RECONCILIATION OF FUNDS Total funds brought forward 585.901 553.452 TOTAL FUNDS CARRIED FORWARD 564.063 585 901 These notes fomi part of these fmancial statem¢nts
Tiffinian Associ Balance Sheet 30S¢ tember 2023 tion Limited 2023 Total fvnds 2022 Total funds Notes FIXED ASSETS Tan¥ible assets Investments 230,078 220,628 230,080 281,736 CURRENT ASSETS Debtors Cash at bank 20,776 423 675 43,421 378,345 444,451 421,766 CREI DITORS Amounts falling due within p¢riod 10 (12,768) (26,879) NET CURRENT ASSETS 431.683 394 887 TOTAL ASSETS LESS CURRKNT LIABILITIES 661.759 676,623 ACCRUALS AND DEFERRED INCOME {97.700) (90.722) NET ASSETS 564 063 585 901 FUNDS Unrestricted funds 12 564 063 585 901 TOTAL FUNDS 564 063 585 901 The B08rd of Trustees have pr¢pared these financial statem¢nts using the provisions applicable to charitable companies and the small Inpanies, regime. The Board of Trnstees approv¢d and authorised the release of ihese financial statements on L/?/2&/ and should be sign¢d on its behalf by: M W Darby- Trustee These notes form part of these fmancial statem¢nts ontinu¢d...
Tiffinian Association Limiteil Notes to the Financial Statem¢nts f r the Period Ended 30 Se t¢mb¢r 2023 ACCOUNTING POLICIES Basls of preparing the finaDcial statements The Trustees have prepared these financial statements forTAL as a public benefit ¢ntity under FRS 102 The Financial Reporting Standard applicable in thc UK and Republic of Ireland, and Accounting and Reporting by Charities.. Statement of R¢comTnended Practice applicable to charities preparing their accounts, the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted Accounting Practice. They have used the historic#1 cost convention, as modified by the revaluation of ¢¢rtain assets such as investtnents which are included at market value. TAL was incorporated in England and Wales, is limited by guarantee and its register¢d office is Tiffin Schi)ol. Qu¢¢n Elizabeth Road, Kingston upon ThaTll¢S, Surrey KT2 6RL. The liability of each member is limited to £10 on a winding-up of the Charity. Flnanelal reporting standard 1112- redlleed disclo$ure exemptiOllS TAL has taken advantage of the disclosure exemptions of Section 7 - Statemenl of Cash Flows in preparing th¢se financial statements. as pemiitted by FRS 102. Income All income is recogni5ed in the Statement of Financkal Activities once the charity ha$ entitlement to the funds, it is probable that the income will be recetved and the amount can be Tn¢asured reliably. Grants TAL includes grant5 in the Statement of Financial Activities on a receivable basis. Grants, including govemTncnt grants, are recognised under the perfomance model. A gTant that does not irnpose specified future perfomianee-related conditions is recognised in income when the grant proceeds are received or receivable. A grant that imp05es specified future perfomance- related conditions on the recipient is recognised in iDcoTne only when the perfornianc¢-related conditions are met. The board has chosen to amorlise grant income where a contingent Tepayment obligation exists at the $ame rate of depreciation as ihat used for the related grant-funded a55¢t. ExpeDdÉture Liabilities are recognised as expenditure as soon as there 15 a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount ofthe obligation can be in¢2sured reliably. Expenditure i% accounted for on an accruals basis and has been classified under headings that aggregate all cost i'¢lated to the category. Wh¢r¢ Costs cannot be directly attributed to particular headings. they have been allocated to activities on a basis consistent with the us¢ of resources. Tangible fixed assets Deprecialion is provided at the following annual rates to write off ¢a¢h asset over its estimated useful lif¢. Freehold prop¢rty Planl and ¥nachinery al varying rates on cost IOO/ty or 20QA on cost continued...
Tiffinian Association Limited Notes to the Financial Stateinents- continued for the Period Ended 30 Se tember 2023 AccoufiTING POLCIES (eontlnued) Taxation The Charity is exempt from COTpofdtioD tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the chyritable objectives at the discretion of the Trustees. Restricted funds can only be used for particular restricted purposes within the objccts of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restri¢t¢d purpow. Further explanation of the nature and PUTpose of each fimd is included in the notes to the financial statements. Forelgn curreneles Assets and liabilities in foreign currencies are Irdnslated into Sterling at the rates of exchaTrg¢ ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange iuling at the date of transaction. Exchange differences are taken into a¢¢(Trunt in aiVIng at the operating result. Inyestments Investments are stated at market value. Debtors Short temi debtors are measured at transaction valu¢ less any ilnpairnient. At each balance Sheet date. debtors are assessed for objective evidence of impairment. If an asset is impaired, the impairrn¢nt loss is measured al th¢ differenee between the carrying amount and the amount expected to be received. Cash and cash tquivalents Cash and cash equivalents comprise cash at bank and on hand, demand d¢po$its with banks and oth¢r short twn inyestments with original maturities of 3 months or less. Credittsrs Short terni trade treditors are measured at transaction value. Other financial liabilities are measured initially at fair Yalu¢, net of transaction costs, and subsequently at amortised cost using the effective interest method. Critic&] accouThtitLg SudgeJDents and key sourees of estimation uncertainty The Trustees do not considerthat they have been required to make Significant judgements in Preparing these financial 5tat¢ment5. Going Concern Th¢ financial statements have been prepared on a going concern basis. The Trustees have considered a period of one year from the date of approval of the financial Statements and consider that the Charity has adequate resources to able to continue a5 a going concern for the foable future. 10 ontinued...
Tiffinian Association Limited Notes to the Financial Statetnents- continued for the Period End 30 Se tember 2023 DONATIONS AND LEGACIES 2023 2022 Grants Members regular donation5 Donations received from subsidiary company 39,391 13,627 20,600 8,811 706 OTHER TRADING ACTIVITIES 2023 2022 Hire of pitches Nursery rent House and yard r¢nt Other income 72,687 22,304 46,758 60,399 7,730 30,399 152 780 132 720 INVESTMENT INCOME 2023 2022 Investment income IYET INCOMEI(EXPENDITURE) Net in¢omel(exp¢nditure) is ststed aft¢r chargingl(crediting)'. 2023 2022 Auditors, remuneration Depreciation- owned assets 4,470 During the period TAL received revenue grants of £20.600 (2022..£20,600) which were to be applied for pitch improvements. It spent all of these grants on the relevant expenditure by the accounting reference date so it Is not carrying forward any restricted funds to next year. These amounts have been recogni5ed as revenue grants in lin¢ with its accounting poli. In addition, TAL received, ovemment grant5 of £nil (2022 - £52,055) to acquire a trdctor and mower as part of a programrne to improve playing surfaces a substantial amount of sport is played. TAL met the term5 to apply for these grants and to th¢ extent necessary, has complied with the applicable tem)s and conditions. The terms of the equipment grants require that they are repaid in line with the ¢quipm¢nt's residual value and upon any sale of the equipment and so the Charity has deferred recognition to match the relevant equipment's depreciation rate. continued...
Tiffinian Associotion Limited Notes to the Financial Statements- continued for the Period Ended 30 S¢ ¢m 2023 TRUSTEES, REMUNERATION AND BEf4EFITS None of the Trust¢es received remuneration or other b¢nefits for the period ended 30 S¢pt¢mber 2023 nor for the year ended 31 March 2022. Trustees, expenses None of the Tru5t¢es received nor are due to receiv¢ ¢xpenses for the period ended 30 September 2023 nor for the year ended 31 March 2022. TAf4GIBLE FIXED ASSETS Freehold prop¢rty Plant and machinery Totals COST At l April 2022 Additions 129,142 148,251 35.865 277,393 At 30 September 2023 129,142 184 116 313,258 DEPRECIATION At l April 2022 Charge for period 23.842 32,923 56,765 At 30 Sept¢Tnber 2023 NET BOOK VALUE At 30 September 2023 102 549 127 525 230 074 At 31 March 2022 105 300 115328 220 628 The initial cost of the land and buildings was r¢¢ognised at the net book value at the date of transfer to TAL. The rate of depreciation is bas¢d on the historic cost of these assets. 12 ontinued...
Tiffinian Association Limited Notes to the Financial Statement5- continued for the I -month Period Ended 30 Se tember 2023 FIXED ASSET INVESTMENTS Sh8r¢s in group undertakings Listed investments Totals MARKET VALUE At l April 2022 Revaluations 61,107 61,108 At 30 Sept¢rnber 2023 There were no inv¢stment assets outside the UK. TAL'S investment5 at the balance th¢¢t date in the shar¢ capital of group undertakings include the followiDg.' Dean Pavlllon Limited- reglstered number 07244374 Aeeounting referenee date 31 M8reb 2023 Registered office- 20 Market Place, Kingston upon Thames, Surrey KTI IJP Nature of business.. Social club operating from Grists as a necessary adjunct to the Charity's objectives Class of share.. OrdiT)ary holding loo 2023 2022 Aggregate capital and r¢serves Profit for the period Turnover Costs Profit for th¢ period- th¢ company covenanls its profits to the Charity 26,571 28,068 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Amounts ow¢d by group undertakings Other debtors 7,904 6,544 io. CREDITORS: AMouf4TS FALLING DUE WITHIN ONE YEAR 2023 2022 Oth¢r creditors 12,768 26,879 13 continued...
Ttifinian Association Limited Notes to the Financial Stateinents- continued for the 18-Month Period Ended 30 Se tember 2023 ii. ACCRUALS Af4D DEVERRED INCOME 2023 2022 Deferred capital grants 90.722 During the period ended 30 S¢ptember 2023, TAL received a grant towards th¢ COBt of a traetor and mower from the Football Foundation. The tenns of ihat grant may require that TAL return5 the Sale proc¢eds Should it dispose of these assets. The Trustees consider that the useful lif¢ of th¢ assets acquired will be 10 years and will r¢cognis¢ the benefit of the grant across the same pei'iod. 12. MOVEMENT Ir4 FUNDS Net movement in funds At 30.9.23 At 1.4.22 Unrtstrietsd funds General fund 585,901 (21,838) 564.063 TOTAL FUNDS 585,901 21838) 564 063 14 ontinued...
Tiffll)ian Association Limited Not¢s to the Financial Siatements for the 18-Month Period Ended 30 Se tember 2023 continued 12. MOVKMENT IN FUNDS Net movement in funds, included in the above are as follows: Incoming resources Resources expended Gains and losses Movement in funds Unrestricted funds General fund 210.573 (232,411) (21,838) TOTAL FUNDS 210 573 232411) 21838) ComparAtlves for movement In funds Net movement in funds At 31.3.22 At 1.4.21 Unrestrlcted funds General fund 553,452 32,449 585,901 TOTAL FUNDS 553 452 585,901 Comparative t]¢t movem¢nt in fimds. includ¢d in the abov¢ are as follows: Incoming resources Resources expended Gains and losses Mov¢ment in funds Unrestri¢ted funds GeDeral fund 172,649 (141,738) 1,538 32,449 TOTAL FUNDS 172 649 141.738) 1.538 15 continued...
Tiffinian Association Limit¢ Notes to the Financigl Statements- continued for the Period Ended 30 Se tember 2023 12. MOVEMENT IN FUNDS- continued Restricted funds During the period, the charity received £20,600 (2022..£20,600) of restricted income towards the pitch improvements. Both of these grants were expended on the relevant expendituie by the accounting referenc¢ date and therefore no restricted funds are carried forward. 13. RELATED PARTY DISCLOSURES AND CAPITAL COMMITMENTS A company owned by Anthony Dowsett (father of Samuel Dowsett. a Trustee) was paid £nil {2022.. £22,722) for facilities management. He employed Jonathan Darby (son of Mark Darby, a Trnsteel through his service company and included within the figure shown is £ nil (2022.. £850) for Jonathan for bar and related service5. Dean Pavilion Limited employs Jonathan Darby &nd Alex Gilbert {Mark Darby's nephew) as bar staff on zero hours contracts. During the period th¢y reeeived £5,149 {2022'.£250) and £3,551 (2022-£541 r¢spectively. The Trustees have committed £31,000 (2022.. £112.000) to the new Single Pavilion Project which Tiffin School is managing. The alumni of th¢ School and current pupils, both boys and gir15 will use this and tt will replace the cu]rent changing facilitie5 and social areas. The hsnding is to getto the planning stage at which point the School and alumni will start a fund-raising exercise once the architects have presented them with the estimate of costs. 14. ULTIMATE COl+rfROLLING PARTY The Trustees do not consider there is a controlling party. 16