REGISTERED COMPANY NUMBER: 06611130 (England and Wales) REGISTERED CHARITY NUMBER: 1125708 f the Tnt Financial Statements for the Y En O S tember 2024 Tiffinian Association Limited Nicbolas Cliffe & Co Limitsd Chartetrd Accountants Mill House. Mill Court Great Shelford Cambridge CB22 5LD
Tiffjnian Association Limited ontents of the Financial Statements for the Year Ended 30 Se tember 2024 Report of the Trustees I to 5 Report of the Independent ELnitier Statement of Financial Activities Balance Sheet Notes to the Financial Statements 9 to 16
TiifllTrian Association Limited ort of the Trust¢es for the Year 30 S¢ tember 2024 The Trustees, who are also directors of the TilTinian Association Limited ('the Charity. or'TAL') for the purposes of the Companies Act 2006, present th¢irreport with the fllwirial statements of the Charity for the peri( ended 30 September 2024. The Trnstees have adopted the provKsions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to clwities preparing their own accounts in accordance with the Financial Reporting Standard applicable in th¢ UK and Republic of Ireland (FRS 102) (effective October 2019). OWEcrtVES AND ACTIVITIES The objectiv¢s of Charity as agreed by the Tniste¢s are produced below." SHAIUNG THE BENEFITS OF TIFFJN TAL- THE VISION To create a vibrant and active association provides maximum benefit to the Tiffm School ('Ybe School"), Tiffmians and the wider Tiffin ¢ommunity. TAL - THE OBJECTIVES l. To develop an active community for Alumni, Pupils, Staff (past and present), Parents (p&st and present) and friends of the School which will enable them to keep in contsd for their individual ben¢fiL both social and bustn¢&s and assist in the ongoing development of the School. 2. To support the School.. a) Financially in ternis of grants, including awards to pupils who. by reason of financial hardship, would not otherwise be able to partake fully in the educational or other activities offered within or outside the curriculum offered by the School. b) With a network of professional help to support the School and each other &8 and when required to further enhance the School's reputation and to assist in the development of its current pupils. 3. To maintain and continue to develop the best possible sports and creational facilities at Grlls allowing pupils, fornier pupils and the local community to engage in competitiv¢ sport and recreation. 4. To develop as wide and diverse a network &8 possJI)le to enable: a) the raising of funds for further development of the School. b) the support of deserving charitable cases. c) the ongoing development of TAL'S sporting and recreationat facilities to meet its charitable objectives. d) Tiffinians to develop their networks. Volunteers TAL has to date relied on volunteers and due to this, staff are lower th8n would othenvise be the case.
Tiffinian As ociation Limited ort of the Trustees for the Year Ended 30 tember 2 24 continued ACHIEVEMENT AND PERFORMANCE Charltabk activities The charity made donations to Tiffin School during the period amounting to £70,088 (2023 - £ 11,130). These donations were made to assist the School in developing the comTnunity for aIumni pupils, staff and friends of the School and also to help maintain the sports facilities made available to the whole community of which £31,0(M) (2023." £81,000) was donated to the single pavilion project. Internvdl and external factors The Trustees have considered the effert of the econornic Clinte on the figures shown within these financial ststements. The Trustees consider that its Trserves and income-generating &ssets will allow the cbarity to continue its daY-tdaY artivities for the foreseeable ture. We are always looking to increase our outside lettings, potentiaL although this always h&8 to be balan1 against any ass(xiated costs and any additional pressure placed on the volunteeiA wbo have other responsibilities of their own. However, any major building project will require significant fundraising and access to graDts. The Trustees consider the nature of the investments every year. All investments are held in cash to avoid the risk of falling values. The Trnslees meet regularly to addr¢ss operational matters and discuss the financial infOrntiOn presented to them. FINANCIAL REVIEW Princlpai fundlng sources TAL receives funding through mernbers. donations. TAL owns 25 acres of playing fields at Easl Molesey in Surrey. This includes two pavilions and SoCIated equipment for sporting artivities to be carried out by the School. Old Boys, sides and members of the local community. Sports include but are not limited to football, rngby. cricket and athletics. The facilities are available for hire to the local community and the Old Boys, sports sections, which are clubs. As a result of that policy, all the facilities are able to generate income. The houses at 27 and 29 Summer Avenue also ¢ontinue to be let at rn¢t rate. Reserves policy The Trustees consider that unrestricted funds not invest¢d in fixed assets or designated for specific purposes ('the free reserves") should 41 be nornially between £75,000 and £125,000. In nornial circumstances, the Trustees feel that th¢ Charity would be able to Continue its current activities in the event of a signifjcant drop in funding or any unexpected expenses with that level of reserves. However, with the firture possibility of18rge capital investment, reserves are being maintained at a higher level. This not only would assist with the direct fimding of any major project but also assist the Charity in tying to obtain any match-funding grants or other financial support which may be available. Jn that circumstance, it would clearly be necessary to consider how the funding would be ry18¢ed or activities changed.
Tiffmian Association Limited Re ort of the Trustees for the Year Ended 30 Se mber 2024 continued FUTURE PLANS The charity has considered the firture of the Dean pavilion bause of its age. accessibility for disabled people and the development of wom¢u's sport following the School's admission of girls into the sixth forni. The S¢h(x)I's pavilion faces similar challenges. The board has concluded that the solution for both it and the khool is a single pavilion projecL Because the School has a record of receiving grant funding and to allow the ground to be managed on a professional basis rther than using volunteers, on l August 2024 TAL completed merger terms with The Tit Sch(x)l Foundation (the Foundation, charity number 1185240), the charitable incoryorat¢d organisation which owns the School's land in Kingston upon Thames and appoints the School's gov¢rnors. As part of the single pavilion proje¢ the board has approved a CODtnl)ution of £112,0(M) towards the archit$ and related planning Costs which the project requires before it can apply for external and Government finance through to completion. At 30 September 2024, this Commitment was £nil (2023 - £31,000), following paynwits made during the period. STRUCTURE, GOVERNANCE AND MANAGEMENT Gov¢rning document The Charity is controlled by its governing documenL its m¢morandum and articles of &ssociation and constitutes a limited company. limited by guarantee as defmed by the Companies Act 26. TAL was incorporated as a company limit¢d by guarant¢¢ on 4 June 2008. It was registered as a charity on 3 September 2008. Recrultment and appoln¢ment of Dew Trust¢e8 The TTUSte¢s, who are also directors of the Charity for the purpose 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 recrnitment and appointment of new Trustees, namely that nominations are received by the current Trustees, who then discuss and vote upon any nominations received. The Trustees recognise the n¢ed to Strengthen the board and are a¢tiv¢ty looking for new rnembern with the relevant experience and skills to join the board. Organlsational structure The charity is run the Board of Trustees ("the board-) who nornially m¢et quarterly and are responsible for the stratsgic direction and policy of the charity. Two of the Trustees are Involved in the day to day running of th¢ charity. and th¢ Board has del¢gated authority to them for on-going decisions. Induetlon and trainfng of new Trustees In the view of the Boart all new Trustees are giv¢n sufficient training and have enougb knowledge of their specific field to understand the nature of the charity and fully ¢ompty with the ¢harity's views of its progressioD. Wlder network At presenL the charity does not consider itself part of a wider network.
Tiffinian Association Limited ort of the Trustees for the Year Ended 30 S¢ t¢mb 2024 ntinued Related partles We provide details of transarttons with related parties in not¢ 14 of the financial slaiernents. REFERENCE AND ADMtNISTRATIVE DETAIiS Reglstered Company number 06611130 (England and Wales) Registered Charlty number 1125708 Reglstered TitTin School Queen Eli7abeth Road Kingston UPOD Thames KT2 6RL Trustees T M Bro1 M W Darby S A Dowsett (resigned 30 September 2024) S A Lester O S E Mackie (resigned 30 September 2024) G J Nutt (resigned 30 September 2024) P P Phillips (resigned 30 September 2024) JA Rudofsky (resigned 30 September 2024) J R Strong (resigned 30 September 2024) Company Seeretsry J R Strong Independent Examlner A.N. Cliffe MA, FCA Nicholas Cliffe & Co. Limited Mill House Mill Court Great Shelford Cambridge CB22 5LD
T]IrLan Association Limited ort of the Trustees for the Year Ended 30 Se ber 2024 continued PUBLIC BENEFIT The Trustees have consid¢Ted the Charity Commission statement on public benefiL The sports pitches owned by the Charity at East Molesey are leased by Tiffin School and atr used for a range of sporting activiti¢s during the weok and at weckends. The pavilion is used during the week by a local play-group and the sports pitches are also used by a number of outside local clubs not associated with the School and its fornier pupils. The clubs using the name "Old Tiffinians" are 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 the Charity is to maxirnis¢ the income it can g¢nerate from these facilities whilst not ov¢r-using them. STATEMENT OF TRUSTEES, RESPONSIBILITIES The Trustees, who are also the directors of TAL for the PUTW)ses of company law, are responsible for preparing the Report of the Trustees and the fmancial ststements in accordance with applicable law and Unit&l Kingdom Accounting Standards (United Kingdom Generally Acceptsd Accountxng Practice). Company law requires the Trustees to prepare fmancial statements for each fmancial period which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources, including the income and expenditure, of the Charity for that period. In preparing those financial statements, the Trustees are required to select suitable acoounting policies and then apply them consistently? observe the methods and principles in the Charity SORP. make judgements and ¢stima*s that are r¢&sonable and pnmlent; prepare the financial statements on th¢ going concern basis unless it is inappn)priate to presume that the Charity will continue in busin¢ss. The Trustees are responsible for keeping proper accounting records which disclose with reasonable a¢¢ura¢y at any time the fmancial position of the Charity and to enable them to ensure that the financia] statements comply with the Companies Act 2006. They are also responsible for safeguarding th¢ assets of the Charity and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the Trustees are aware.. there is no relevant accounting inforniation of whicb TAL'S independent a¢¢ountants are unaware: and the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant accounting inforn]ation and to estsblish that the independent examiner is aware of that inforntion. INDEPENDENT EXAMINERS The independent examiner is A.N. Cliffe. director of Nicholas Cliffe & Co. Chartered Accountants, of Great Shelford, Cambridge. Approved by order of board of Trustees on and Si¢d on its behalf by: M W Darby - Trustee
Ind endent Examiner's Re ort for the Year end tanber 2024 I report on the accounts of Tiffinian Association Limited for the Year ended 30 September 2024. Respeetive responsibilities of Trnstees and euminer The Trustees are responsible for the prepardtion of the accounts. They consider they do not require an audit for the year under section 43(2) of the Charities Act 1993 (the 1993 Act) and they need an independent examination. Having satisfied myself that the charity is not subj¢rt to an audit und¢r company law and is ¢ligil)l¢ for ind¢pendent ¢xamination, it is my responsibility to: examine the accounts under section 43 of the 1993 ACL follow the proc¢dures laid do in the general directions given by the Clwities Commission (under section 43(7Xb) of the Art, as amended)" and state whether pIcUlar n)atters bave Lymie to my attention. Basis of independent examiner's report My examination was called out in accordance with General Directions given by the Charity Commission. AD examinatioj) includes a review of the accounting records. It also includes eA)nsideration of any concerning any such matters. The pn)cedures undertaken do not provid¢ all the evid¢n¢¢ that would be required in an audit and, consequently, no opinion is given as to whether the coUnts present a 'true and fair view, and th¢ report is limited to those matters set out in the slal¢ment below. Independent examlner's $tatemeDt In connection with my examinat10 DO matter has come to our attention: (l) Which gives me reasonable cause to believe thaL in any material speC( the requirements: to keep accounting records in cOrdanCe with section 41 of th¢ ACL and to prepare accounts which accord with the accountiD8 reconls and to comply with the accounting requirements of the 1993 Act have not been met. or (2) to which, in my opinion. attention should be drawn to enable a proper underntanding of the a¢¢ouDts to be reached. Dated: 41711 A.N. Cliff¢, MA, FCA For and on behalf of Nicholas Cliffe & Co. Limited Chartered Accountants Mill House, Mill Court Great Shelford Cambridge CB22 5LD
Tiffinian Association Lirnited stst¢ment of Financial Activities for the Year Ended 30 S tember 2024 2024 Total funds 2023 Total funds Notes INCOMING RESOURCES Donations and legacies 32,203 53,018 Other trading tiVitieS Investment income Other incom¢ 122.628 4,932 152,708 4,847 Total 159,763 210,573 OUTGOING EXPENDITURE Charitsble activities Donations 70,088 110,130 Other 115549 122281 Total 185,637 232,411 NET INCOME {25,874) (21,838) TRANSFER OF ASSETS TO TfsF (498,720) RECONCILIATION OF FUNDS Total thnd$ brnught fonvard 564,063 585,901 TOTAL FUNDS CARRIED FORWARD 564 063 These notes forni part of these financial staiements
Tiffmian Association Limited Balanc¢ Sb¢¢t 30Se tember 2023 2024 Total fijnds 2023 Total funds FIXED ASSETS Tangible assets Investments 230,074 230,076 CURRENT ASSETS Debtors Cash at bank 6,264 20,776 423 679 44267 444.455 CREDITORS Amounts falling due within period 10 (4.800) {12,768) NET CURRENT ASSETS 431687 TOTAL ASSETS LESS cuRREr LIABILITIES 39,469 661,763 ACCRUAi3 AND DEFERRED INCOME (97,700) NET ASSETS FUNDS Unrestricted funds 12 564 063 TOTAL FUNDS For the current financial period, the company was entitled to exemption under section 477 of the Companies Act 2006 {CA06) that applies to small companies. None of the Members have r¢quested the directors to obtain an audit for the period under section 476 of CA06. The directors acknowledge their responsibility for comptying with the sections of CA06 govern maintaining accounting records and preparing financial statements. The directors have used the provisions for charitable cornpanies and the small companies. regime. The Board of Trustees approved and authorised the rele&8e of these fman¢ial ststenjents on behalf by.. (11i< and should be signed on its M W Darby - Trustee These notes forni part of these financial ststements rtinued...
Tiffinian AssociatÈon Limited Notes to the Financial Statem¢nts for the Year Ended 30 Se 2024 ACCOUNTING POLICIES Basis of preparlng the fumnclal statements The Trustees have prepared thes¢ financial ststements for TAL as a public benefft entity under FRS 102 The Financial Reporting Standd applicable in the UK and Republic of fr¢land' and Accounting and Reporting by a)arities: Statement of Recommended Practice applicable to charities prq)aring their account& the Charitie5 Act 2011, th¢ Companies Act 2006 and UK Generally Accepted Accounting Practice. They have used the historical cost convention. as modified by the r¢valuation of certain assets such as investments which are included at market value. TAL was incorporated in England and Wales is limited by guarantee and its registered offirx is Tiffin S¢h(K)l. Queen Eli7abeth Road, Kingston upon Thame4 Surrey KT2 6RL. The liability of each member is limit¢d to £10 on a winding-up of the Charity. FlnaD¢l41 reportlng stsndard 102 - redueed disclosure exemptions TAL has tsken advantage of the disclosure exemptions of Section 7 - Statement of Cash Flows in preparing these financial statements, as perniitted by FRS 102. Income All income is recognised in the Statement of Financial Activtties once the charity has entitlement to the funds, it is probable that the income will be received and the amount be rneasured reliably. Grants TAL includes grants in the Ststement of Finan¢ial Activities on a receivable b&si$. Grants, including government grants, are recognised under the perforn]ance model. A grant that does not impose specified future perfonnance-related conditions is recognised in income when the grant proceeds are received or receivable. A grnit that imposes specified future perforn]ance- related conditions on the recipi¢nt is recognised in income Only when the perfonnance-related conditions are met. The board has hosen to amortise grant income where a contingent repayment obligation exists at the same rate of depreciation as that used for the related grant-funded asset. Expendlture Liabilities are recognised as expendilure as soon a5 ther¢ is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlem¢nt and the amount of the obligation an be measured reliably. Expenditure is accounted foron an a¢¢nlS b&sis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be diredy attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates to write off each &8set over its estimated useful life. Freehold propety Plant and machinery at varying rates on rA)st IOYO or 21P/o on cost c(ffltinued...
Tiffinian Association Limited Notes to the Financial Statements - continued for the Perio nded 30 Se tember 2023 I. ACCOUNTllYG POLCIES (conthiued) Taxatio The Charity is ¢xempt from corporation tsx on its charitable activities. Fund aceounting Unrestrirted funds can be used in a¢cordan¢e with the charitable Objectiv at the discretion of the Trustees. Restricted funds can Onty be sed for particular Testricted pujposes within the objects of the charity. Restrictions aris¢ when specified by the donor or when funds are rnised for particulK restricted purposes. Further explanation of the nature and puryose of each fund is included in the notes to the fmancial ststements. Foreign eurrencies Assets and liabilities iti foreign Currencies are translated into sterling at the rdtes of exchange ruling at the balance sheet date. Transactions in foreign CuenC1eS are translated into sterling at the rate of exchange ruling at the dat¢ of transaction. Exchange differences are tsken ihto account in arriving at the operating result. Investments Investments are ststed at market value. Debtors Short terni debtor5 are measured at transaction value less any impairnienL At each balance sheet date, debtors are assessed for objective evidence of impairment. If an asset is impaired the 1mpairn]ent10 is measured as the difference between the carrying amount and the amount expected to be received. Cajh and eash equlvalents Cash and cash equivalents ¢ornprise cash at bank and on band. demand deposits with banks and other short tenn investments with original maturities of 3 months or less. Creditors Short tern] trade creditors are measured at transaction value. Other financial liabilities are measured initially at fair value, n¢t of transaction costs, and subsequently at amortised cost using the effective interest metho Crltical accounting judgements and key sources of estimation uncertainty The Tnte¢S do not ¢onsiderthat they have been required to make significant judgements in preparing these fu)ancial ststements. Golng Concern The financial statements have been prepared on a going concern basis. Th¢ Tn have considered a period of one year from the date of approval of the financial statements and consider that the Charity h&4 adequate resources to able to continue &8 8 going concern for the foreseeable future. io continu¢d...
Tiffinian Association Limited Notes to the Financial Statements - continued for e Year Ended 30 Se tember 2024 DONATIONS AND LEGACIES 2024 2023 Grants membe regular donations Donations received from subsidiary company 18,088 14,115 39,391 13,627 32 OTHER TRADING ACTIVITIES 2024 2023 Hire of pitches Nursery rent House and yard rent Other incorne 54273 14,919 33.200 72,687 22,304 46,758 122 628 152 780 tNVESTMENT INCOME 2024 2023 Investment income NET INCOMEI(EXPENDITURE) Net income/(expenditure) is stated after chargin(Crediting). 2024 2023 Auditors, remuneration DePlatIOn - owned 8ss¢ts During the period TAL received revenue grants of £18,088 (2023 - £20.6CKJ) 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 fimds to n¢xt year. These amounts have been recogni5cd as revenue grants in line with its accounting policy. The ternis of the equipment grants require that they are repaid in line with the wipmenvs residual value and upon any sale of the equipment and so the Charity h&q deferred rwnition to m*¢h the relevant quiprnenvs depreciatiOTJ rate. li continued...
Tiffinian Association Limi Notes to the Financial Statements - contin for the Period Ended 30 S ber 2023 TRUSTEES, REMUNERATION AND BENEFfTS None of the Trustees received ranuneration or oth¢r benefits for the for the year ended 30 September 2024 nor the period ended 30 September 2023. Trustees, expenses None of the Trustees received nor are due to Tettive expeDse5 forthe forthe year ended 30 September 2024 nor the period ended 30 September 2023. TANGIBLE FIXED ASSETS Freehold property Plant and machinery Totals COST At l October 2023 Transfers 129,142 129 142) 184,116 184 116) 313,258 313 258) AI 30 September 2024 DEPRECIATION At l October 2023 Trnisfers 26,593 26 593) 56.591 56591) 83,184 83 184) At 30 September 2024 nil NET BOOK VALUE At 30 September 2024 nil At 30 September 2023 102 549 127525 230 074 The initial ¢ost of the land and buildings was recognised at the net book value at the date of transfer to TAL. The rate of depreciation is based on the historic cost of these assets. 12 continued...
Tiffinian Association Limited Notes to the Financial Statements - ntinUed for the Year Ended 30 Se tember 2024 FIXED ASSET INVESTMENTS Shares in Listed investments undertakmgs Totals MARKFT VALUE At l October 2023 Revaluations At 30 September 2024 There were no investmMt assets outside the UK. TAL'S investments at the balanrx sheet dth in the share capital of group undertakings include the following.. Dean Pavilion Limlt¢d- registsred Dumber 07244374 AeeountiDg reference dats 31 March 2024 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: Ordinary holding 2024 2023 Aggregate capital and reserves Profit for th¢ period nil Turnover Costs Profit for the period- the company covenants its profrts to the Charity 20,694 26,571 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Amounts owed by group undertakings Other debtors 2.394 7,904 io. CREDITORS: AMouNfs FALLING DUE WITHIN ONE YEAR 2024 2023 Other creditors 13 continued...
Tiffmion Association Limited Notes to the Financial Statements - continued for the Year Ended 30 Se t¢rnber 2024 ii. ACCRUAIS AND DEFERRED INCOME 2024 2023 Deferred capital grants 97,700 During the period ended 30 September 2023. TAL received a grant towards the cost of a tractor and mower from the Football Foundation. The tsnns of that grant may r¢quir¢ that TAL returns the sale proc¢eds should it dispose of thes¢ assets. The Trustees consider that the useful lift of the assets aquirfya will be 10 years and wi]] recognise the benefit of th¢ grant across the same period. As part of the transfer agreemenL the Football Foundation has confirmed that the benefit of the grants is now with TTSF. 12. MOVEMENT IN FUNDS Net movement in funds At 30.9.24 At 1.10.23 Unrestrlcted funds General fund 564,063 {518.594) 39,469 TOTAL FUNDS 518 594) 14 continued...
Titymian Association Limited Notes to the Financial Ststements for the Year Ended 30 Se mber 2024 12. MOVEMENT IN FUNDS Net movement in funds, included in the above are follows: ]ncoming Resources Transfer to SF Movement expended in fimds Unrestricted fund$ General fund 159,763 (185.637) (498,720) (524,594) TOTAL FUNDS 159 763 185 637 498 720) 524 594 TRANSFER TO SF was of the followitsg assets and liabllffities- work In progre59 Net book values of red assets Cash Debtor Unamortised grants received Grant receivable House d¢posit 230,074 359,800 4,290 (97,700) 3,456 200 TOTAL 49 72 Compirntives for movement In fund$ Net movem¢nt in fijnds At 30.9.23 At 1.4.22 Unrestrlcted funds General fund 585,901 (21,838) 553,452 TOTAL FUNDS 585 901 553 452 Comparative net movement in fund4 included in the above are as follows: tncoming Resources expended Gains and losses Movement in funds Unrestrlcted funds General fund 210,573 {232,411) (21,838) TOTAL FUNDS 210 573 232411 21,838) 15 continued...
Tiffmian Association Lin)ited Notes to the Financial Statements - continued for the Year Ended 30 Se tember 2024 12. MOVEMENT FUNDS- eODtinued Restri¢ted funds During the perio¢ the charity receiv¢d £18,088 (2023:£20,600) of restricted income towards the pitch improvements. Both of these grants were expended on the relevant expenditure by the accounting reference date 8nd therefore no restrirted fund$ gre CWTied forward. 13. RELATED PARTY DISCLOSURES AI¥D CApfTAL COMMITMENTS Dean Pavilion Limited employs Jonathan DaTby and Alex Gilbert (Mark Darby's nephew) as bar staff on zero hours contracts. During the period they rKeived 2024: £2,427 (2023 .£5,149) and 2024 £1,733 (2023 - £3.551) respectively. The Trustees no longer have commitments (2023.. £31,000) to the Dew Single PavilioD Project which Tiffm School is managing, The alumni of the School and current pupils, both boys and girls will use this and it will replace the Cuent changing facilities and social areas. The fimding is to Éel to the planning stsge at which point the School and alumni will start a fimd-Taising exercise once the architects have presented them with the estimate of costs. 14. ULTIMATE CONTROLLING PARTY The Tnee$ do Dot Consider there is a controlling party. 16