THE TIFFIN SCHOOL FOUNDATION
REPORT AND FINANCiAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Charity Number.. 1185240

THE TIFFIN SCHOOL FOUNDATION
FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2021
CONTENTS
Page8
Members ol the Board and professional advisers
Trustees, Report
Independent Examiner's reFQrt to the trustees
Statem￿1 olfinancial aclwitie$
Balan￿ sheet
10
Notes lo the financial statements

THE TIFFIN SCHOOL FOUNDATION
MEMBERS OF THE BOARD AND PROFESSIONAL ADVISERS
REGISTERED CHAR￿¥ NAME
The Tiffin Sdiool Foundation
CHARITY NUMBER
1185240
PRINCIPAL OFFICE
Tiffin School
Queen Elizabeth Roaj
ngston Upon Thams
Suriey
Kf2 6RL
TRVSTEES
Mr S Goodridge
Mr J Hasler-winter
Mrs A Jones
MIJPKing
MrJ K Lulham
Mr S Salkunarajah
Mr J A Tumer
Mrs P M Wardley (until 30112r211
INDEPENDENT EXAMINER
aysrnacintyre LLP
10 Queen Street Hace
London
EC4R 1AG
INVESTMENf ADVISER
CCLA Inyeslmenl Management knmited
Senator House
85 Queen Victoria Street
LorHJon
EC4V 4ET
BANKERS
Barday5 Bank PIC
6 Clarence Street
ngslon Up)n Thames
Surrey
KT11NY
SOLicrroRS
Stone ￿'ng LLP
91 Chartethouse Street
London
EC1M 6HR

THE TIFFIN SCHOOL FOUNDATION
TRVSTEES, REPORT
YEAR ENDED 31 DECEMBER 2021
The Trustees present their report and the unaudited financial stslements ol the Charity for the year trom 1 janu￿ 2021 to 31 D￿ember
2021.
REFERENCE ANO ADMINISTRATWE DETAILS
Reference and administrabve details are shown in the schedule ol memL*rs ol the board and professional advisers on page 101 the report
d financial statements.
THE TRUSTEES
The Trustees who served the charity during the yearwere as folows..
bAr S Go(Klridge
MrJ Hasler-wintsr
Mrs A Jones
MrJPKin9
Mr J K Lulham
Mr S Salkunarajah
Mr J A Turner
Mr5 P M Wardley (until 301121211
STRVCTVRE, GOVERNAJ4CE AND MANAGEMEP4T
The Tiffin School FoUndat￿n I'The Foundats"on'l is a charitable incorporated organisab'on I'CIO'I reglsthd pAlh the Charity Commission for
England and Wa￿S I'chaiity Commission'l under the registration number 1185240. A$ a CIO, The F(￿ndatiOn is regulated by the Charity
Commission and does not need lo make filings alcompanies House. The Foundation wa5eslablished on September 9. 2019 wlh the intention
thal it amalgamate wth and assume the Ides, responstsilities, as5els liat4lib.es olthe similady named unincorwrated tharity estsblished
in 1978, the Tiffin Schod FOundat￿n1'1978 Foundabon'l.
The Tiffin Sch¢Jol Foundation is governed and managed by its T￿sleeS in accordance the te￿5 01 its vrritten constitution I'Consb'lul*Jn?.
The conSti￿￿.0n specifies the objects and powers olThe Foundation and how its Trustees and Members are apwinled and how decisiorks
are laken. Most Trustees have a strong connection Tiffin Schwl fschoDII and are often alumni, parents, lomer parents, or former
fflembers olstafFeach olwhom bring different sklls lo the trustee tody. New Trustses are apwinled bythe existing Trustees and are Se￿Cted
taking into a¢¢ounl factors such as their connecb'ons with th& S¢hool. their profess￿TraI ￿lkIng eXper￿n￿ and needed skills that they
bring to Ihe trustee tojy. Al Trustees ￿ expectsd to comrnil lo a written Code ol Conduct vffi￿h indudes the Nolan pnnciples lor public life.
All new Trnslees ¥e provided wrth an induclron pad( and meet Mth the Chairol Trustees where they receive a briefing on The F(￿ndab"On,S
charitsble objects and history. and ils involvement with the Schorl and other Tiffin ￿LAted bodw and the responsibilities ol being a Trustee.
As a'loundation type. CIO, the Trustees also aclas the Members olThe Foundation. Theonlypersons digi￿e lo te Member5 are its Trustee5
lor the time being and any Trustee ￿aSe5 lo be a Trustee aulwalically ceases to be a Memberand vice ver5a. Under The F(￿nd￿'on'S
con5ti1utson the role ol Members is limited lo major decisioms Involving lal amendment olthe constitut￿n, Ibl aMa￿arna￿llg The Foundath"on
th, or tr￿s￿eMn9 ils undertaking to one orinore other CIOS or, the %Mnding up or dissolution olThe Foundab'on Iillcluding the translerolits
business to any other charity).
OBJECTFVES AND ACTMTIES
The objects olThe Foundation *e, for the benefit olthe public. to supwrt the provision and conduct of Tffin &hool or to adV￿ce such other
exdu5ively chaiilable PUTPC15es (according lo the lawol Engl￿d and Wales) connected wrtti Tiffin School as the tharity trustees may in the
discretion think fil.

THE TIFFIN SCHOOL FOUNDATION
TRUSTEES, REPORT l¢ontSnuerfl
YEAR ENDED 31 DECEMBER 2021
The Foundab'on has the rrghl lo appoint a majority ol GovemorslTrustees lo the School's Governing Board. The Foundatiffi also acts as a
corpcKala memberol the Trffifi School Academy Trust.
The Foundation acts as the sole tru51ee forthe permanentyy8ndowed assets ollhe1978 Foundation under the terms olthe trusts ol the 1978
Foundation, as amended. The endowed assets include theland In central ￿ngstOn on ￿1¢h ihe &hool i$builland endowmenlfundsinvested
U)e CCLA.
The Foundat'on collec15 and holds custody of donations received towards the Trffin Education Fund, 2 general fund that supports whjer
opportunities and capital devehpments at Tiffin School The Foundation also collects any donations and legacies made by alumni and other
friends ol the &hool.
HISTORY OF THE 1978 FOUNDATION
Tiffin Sthwl Foundation1°1978 Foundab'on'l wa5 an uninccyporaled charity cwstituted under the ternis ol a scheme, was approved
by the Charity Cwnmissioners for England and Wales sealed on 14 Seplember1978 and was registered vilh the Charities Cornmission
underthe registrabon numter 312997. The Scheme emerged from an earlier1874 dated charity, the Kingston Endowd S¢hools charity. The
trustees olthe 1978 Foundation held, throu￿ the Official Cusknlian. the land in Kingston on which the &hool 15 t￿111, and the nghl lo appoint
a majority ol the Governors ol the &hwl. The original 1978 Scheme was modified Ihree limes as SJllows'.
lil a M£kJificab'on Order by the Se(xetary ol Slate for Eduoalion dated 19 January 1994 in conneclion Tiffin School I'school,? becoming a
grant maintained school lill a Modificab'on (Mer by the Secretary ol Stsle for Educat￿ll dated 1 July 2011 in connection with the change in
stslus ol the School from a maintsined school lo an Academy liiil an (her made by The Charity Com[niss￿ll for England and Wales dated
16 September 2019 which widened the obpcts to include charitable purposes conned8d w7th Trffin Schod.
The 1978 Foundab"on was govemed and managed by its INslees under the terms ol the 1978 scheme as modifBd. The trustee$ ol the 1978
Foundation all became Ihe in(o'al Trustees ol The Foundation.
AMALGAMATiON wrrH THE 1978 FOUNDATION
The Foundation was fcmially established on 9 Septwnber 2020 wih registered charity number 1185240 The inibal Irusleeslmembers ol the
FoundalKJn were the same as the trustees ol the 1978 Foundation. The obJecls ol The FoUndat￿n are effectrvely the same as Ihose ol the
1978 Foundation. The trustees wnsidered that the￿ were a Dumber ol advantages to a CIO in CDmpari50ll Vith the unincorporated 1978
Ftsundats'on. Ill parkncul8r, as a corporate body the CIO could lake a direct role v) the governance ol the Schod as a tnember ol the Tiffin
hool Acalemy Trust and could also play an important iole in the consolidalnn ol other historical Tiffin enbtie5 Qr any fubjre eKpansion ol
the &thool.
On 31 January 2020 the 1978 Foundation legally transfe￿ed ils assets and all ol its liabilit'es b The Fwndation. The endowed asset$ ollh8
1978 Foundatiffi lindvding the Tiffin School land in ￿ngston and the endo¥vmenl funds invested with the CCLAI were also vested in The
Foundats'on a5 SO￿ tru51ee. Under a revision ol the Articles ol Association ol the School effected on 31 January 2020, ￿7th the approval ol
the Se¢￿tary ol Slate for Education, The Foundation also acquired Ihe nghl, previousty held by the1978 Foundabon, lo appThnl a majority ol
the Govein¥ig Board olthe Sthol.
A formal notification ola CharityaMa￿amaI.0n was submitted lo the CharityCommis￿cn and the 1978 Foutklakn'on was subwuenly r￿0v&
from the charity iegister.

THE TIFFIN SCHOOL FOUNDATION
TRUSTEES, REPORT Icontinuedl
YEAR ENDED 31 DECEMBER 2021
RISK MANAGEMENT
The Tiustees have considered the risks lo whith The Foundation is exposed. During the course 012020 and 2021 the UK has been severe
impacted ty the coronavirus ICOVID-191 pandem￿.. As income is largely derived frorn voluntary income il was anticipated that The
Foundau'on wfjuld experien￿ some adverse imp￿1 on Ihe level ol donations, howevei given the lon*5tsnding relat￿nship between its
supporters and the School. the Trustees a16 01 the opnion that any such impact, whether already eXper￿n￿d orin the future, is manageable
ithin spending comfflitsnents. The impact on investrnenl values, which have shovm a posrti¥e relum during the year, wll continue lo be
cbsety monitored.
The Trustee5 know ol no other major risk b which The Fovndation is exposed which is Id(ely to materia￿e in the ne¥ filtU￿ and all usual
insurances and risk protection arrangements regarding the School occupation ol the buildings and public liability we in pl￿ during the
year. Tiffin Sd)ts)l. as an e1￿ible public sector tody, is covered under the Risk Protecb'on Arrangement &lminislered by ihe Educab'on and
Ski115 FuD(Sing Agency IESFAI. This is an allernalpie lo a wmmercial insuranTr policy under which in5urable nsks are pooled and erfectively
backed by HM Goveinmenl. As Iruslee and registered Owners olthe School land and buildings. The Foundation has been given assurance
by the ESFA knal the Risk Prolecb'on AThangemenl provides fvll cover Mlh regard lo wemises a)d issues ol third paty liability arising out of
ble &hool's occupation. The Foundation has also taken out a rJJmmer¢ial Insuran￿ pollcy lo cover publ￿ liability and Tru$lees' liebility.
INVESTMENT POLICY
The Trustees rewew invesbnenls wnts'nually. The pennanenl endowment fijnds are invested wth the Chèrities Official Inveslmenl Fund.
managed bytheCCLA. ￿th￿gh 2022 has proved tobe a difficult yearduetostoth rnarkelconditions, Trustees Cont￿Ue brnonilorinveslwenl
regulaAy and there is no MlenliDn lo make changes,
ACHIEVEMENTS AND PERFORMANCE
The Foundation's primaryobiectis the proirision and ¢ondLJcI olTiffin Scho￿. Trustees have the right lo appoint a majority olgovemors lo the
hool's Goveming Board While The Foundath"on (k)es not involve itself in day-to-day aspects ol the School's acti￿ties, il does review and
oJ)Dsider imwrlanl Strateg￿ developments relaleo lo the Tiffin land and rec&ving voluntary donations Irorn parents and alumni and other
friends olthe School. During most DI 2021 the SLhool ¢onlinued lo Ihnve, despite the effe¢ts olthe pandemic and related closure olthe school
premises al times. The Sthwl continued to be extremely successful in the integrats.on ol female S￿dents into its mixed sixth form and was
well placed to continue its provision ol an outstanding education remotely thanks to the established use by students ol portable IT devices
and Ihe dedicab'on olits staff in delivering outsknding lessons on4ine. As a result, the schoolon￿ again aChieVedex￿1Ienlac￿demiC results
d unNersity admissions, as well as providing a %Mde range ol extracurricular opportunits'es lo its students within COV￿-19 mandated swial
restricbons. Asense of normalityretumed in September al the start olthe 2021-22 academK sthcol yearwith the School remaining fijllyopen.
The Foundation re¢￿Ve$ voluntsry parental donations towards the Trffrn Edu¢ab"on Fund, a fund that supports WKJeropporbJnities and capital
developments alTiffin &hool a5 well as donations from parents. alumni, 8nd others to the 21siCenlLJry building fund. These funds are aN)lied
under the dired'on olthe Trustees following d15cuss￿nS with the School's Governing Board and the School's SeniN Management Team.

THE TIFFIN SCHOOL FOUNDATION
TRUSTEES, REPORT l¢tsnlinuedl
YEAR ENDED 31 DECEMBER 2021
FINANCLAL REVIEW
The financial sta18menls cover the year to 310ecember 2021 in respedolThe Tiffin Schod Foundation, registered charity number1185240.
During the year, The Foundation reoived total incoming resOur￿S of £339,8111202D.' £362.8201, a small d8crease cornpared lo 2020 as a
result ol reductions in both regular giving bwards the Tiffin Education Fund, p055ibly connected with the pandemic, and the 21¥ Century
Building Fund Campaign as Ihe gym extension project reached ils completi￿. See note 2 to Ihe acwun15 lor an analysis ol donations and
reg&ies. Oiher income was received from inves1m￿lS and propety renkl.
The Truste&5 apwoved donations 01£134,83312020.' £847,776) to Tiffin School. The signthc3nlde¢rease in comparison lo laslyearwas due
to conlribub'ons made in 2020 lowards the cost ol the sports cenire extensi￿ project together vAth the purchase ol sl8le ol the art gym
equipment for student use in the new facility. During 2021 the Trustees authorised £41.020 01 Ihe Tiffin Education Fund lo be paid lo Tiffin
School lo complete the S￿rtS ￿ntre exlension wort(, £29.010 to pui¢hase a new minibus and £64,803 in order lo refurbish laboratories and
support the delivery ol the extensive wider opportunities that are availab￿ io sbjdents.
£12,98612020.. £21,686) was paid lo defray the proper costs, charges and expenses ol Ihe governance ol The Foundation.
Nel income bebre investmenlmovemenls was £189,337120204)el expenditure 01£510,0771. Gains on the inve$trnenl value olendowmenl
assets amounted to £144,94712020-£63,5841 regulling in nel income of £334,284 lor the year12020-nel expenditu￿ of £446.4931 The
Charty had a￿Umulated funds in pievious &o)unkn'Dg tEriods and undertaken specific fundraising acbwties in order to meet the expenditure
the sports C￿tre exlensijn project
Cash balances allhe olthe yearwere£491,66712020.. £269,421). The market valueollhe endowed investments in¢reased by £144,947
to £1,166,74712020.' £1,021,800). Total investment holdings al 31 December 2021 aLs0 include the capitsl value ol the endowed musi¢
gacy 01£98,498.
RESERVES POLICY
The treeho￿ pyopety and investment assets olThe FoUndat￿n cornprBe permanent endowm￿{ funds ￿d. as such. may not be spent ag
they we income, Reserves ale that part of The Foundab'on'5 unrestricted tunds that ¥e freely available lo spend. al the discretion ol the
Trustees, on any ol the Charity's purFoses. They exclude the Tiffin Educabon Fund, 21$1 Century Building Fund, other restricted income
funds and endowment funds. Reseryes also exclude amounts designated lor essential lulure spending.
The Trusle&s have considered the need for Reserves to be maint*'ned by The Foundation. The F(wndation d￿$ not have recurring
obligal'ons. olherlhan annual adminislralive costs, howeverthe Trustees vish lo conb.nue lo pro¥￿e finanaal supportlo the School have
tt)erelore identified a desired ￿Ve1 ol free ieserves expressed a$ a range between vthich reserves may fluctuate. The level ol tree reserves
at the yewend 01£143,629 was above the identifEd range ol be￿een £50,000 and £100,000, whFch 15 considered to be suffiaenl in order lo
maintain financial supwrt to the scho￿ al a similar levd as in re￿nI years.

THE TIFFIN SCHOOL FOUNDATION
TRUSTEES, REPORT lconlinuedl
YEAR ENDED 31 DECEMBER 2021
PLANS FOR FUTURE PERIODS
The priority for 2022 is lo wntinue lo sUpp￿t the &hool followng an extended period ol uncert8inty relating lo the COVIO-19 and gradually
retuming lo normal school roub"ne5 and activities. The Foundation will fijrther locus on developing an effecb've fundraising strategy in order
to inctease b)Ih regular giving and campaign giving for ihe benefit ol Tilfin *hool students.
The Foundabon will a150 rJ)nlinue discussions with the Tiff￿lan AsscKiabon Limited I'TAL I, the alumni body which owns the School playing
fiehjs al Hampton Court over the futu￿ ¢1 Grist's. The discussions include the wssibility 0151gnificanl changes incl￿ding a transfer ol Grist's
to The Foundatson and an SMa￿aMabon ol The FoUndat￿n wlh TAL. In preparatr.on for such a change The Foundab'on has alieady sought
and obtained approval from bbe Charity Commission lo amend ils charitable ot4.ects to a¢comtDthlate the maJorobiecls of TAL. The change
ill occurjusl prioi lo any amalgam*'oD o¢curring,
PUBLIC BENEFIT
The Trustees have had regard to the Charity CommisSIOll'5 guMlan￿ on public b£ttefil and a￿ 5atisffed that the ¢tharity meets Lx)th aspeds
ol the publi¢ benefit requirement.
8enefjtAspect'.
The Tiffin School F(￿ndation is an established charity the man obj￿1 of whih rs the prowsion and conduct olTiffn SchLh)I, a n￿-fee paw
stale fijnded day school, and charitsble wrposes connected with the School. The charitable purposes encompass the advan￿ment ol
education. amateur sport and ihe arts. The Foundation achieves these thje¢tive5 by appointing a mq'ority ol Govemors b the &hod
verning Bowd, prowding ils land and buildings lo the School rent free and also using ils endowment earnings and other income to provide
benefits lo the School in ways that ale not normally piowded by regular slate funding olS¢hools. forexampie a wider ¢ho￿001$UbIeCt0pts"Ons,
enh*ced 5porb.ng lacilib.es and the promotion ol musrc and olhei perkKming arts.
Public Aspect..
Beneficiaries inclu(Se all current and future generati(￿$ olsludenls attending the SchLh)l and are drawn wholly ormainly trom the area in which
the Schod is wluated, which in pra¢b"ce extends across South and Wesl London and parts ol the counl'es ol Surrey and Middlesex. The
Foundation's facilities are also used by Ihe vider public, in particulai the extensive spoiting lacililies that are made aVaila￿e lor c(Thmunity
Use outside ol normal school operating hours. Other School building5 are available on evenings and weekends to a variety ol organisaiions,
such as local drJna and music groups, language classes. and literary and historical soaelies.

THE TIFFIN SCHOOL FOUNDA710N
TRUSTEES, REPORT l¢ontSnuedl
YEAR ENDED 31 DECEMBER 2021
RESPONSIBILITIES OF THE TRUSTEES
The TTUSte6s ar8 responsible lor preparing the Trust￿, Annual Rewrt and the financial statements in accordance with appjicable law and
United Kingdom Accounb"ng Standards (United Kingdom Generally A￿pIed Accounting Pracb"cel, Including Financial Reporting Standard
102, 'The Financial Re￿rting Slandard aP￿ICab￿ lo ihe UK and Republic ol Ireland..
The1aw applicable lo charities in England and Wales requires the Trustees lo prepare financial statements for each ￿ll￿claI yeaf whKh give
a true and lairv*w ollhe Ytsle olalfairs olthe chanty and olthe incoming reSoUr￿S and application ol resources ol thecharily lorthal period.
In preparing these financial slalernents, the Trustees are required lo..
select Suitab￿ accounting polrcies and apply them consislenlty.,
ob5erye the methods and principles in the CharilEs SORP,.
make judgments and estimales that are reasonable and prudent.,
slate whelher applicable accounts.ng standards have been foilowed subject lo any material departures discloged and explained In
the financial stat￿￿tS., aThl
prepare the ffnanc￿1 statements on a gO￿g C￿CeM basis unless il is inappropriate lo assume that the chanty I￿11 continue in
business.
The Tfustees are ￿spOnSIb￿ forkeeping properaccounb'ng records which disc105e with reasonable accuracy alanyb.me Ihe financial position
ol the d)arity and enable them lo ensure Ihal the fnancia statements comply with the CharilEs Act 2011 and the Chwity IAccounls and
Reports) Regulations 2008. The Trustees are also responsib￿ forsafeguarding the a35etsoifhe Foundation and he￿￿10r￿king reasonable
Steps for the wevention and detecb'on ol fraud and oiher 1rwularil￿$.
INDEPENDENT EXAMINER
Jane Askew ol Haysmacinw LLP has been appointed as independent examiner fr)r the ensuing year.
This report was approved by the Imslees on 12 September 2022 and swned on their behalf.
Chai

INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE TIFFIN SCHOOL FOUNDATION
YEAR ENDED 31 DECEMBER 2021
I report lo ihe Trustees my examinats.on ol the acmunls ol The Tiffin ￿C￿l Foundation Ilhe'charity'l lor the year ended 31 D6￿rnber
2021 whith are sel out on pages 910 19.
RESPECTNE RESPONS181LITIES OF TRUSTEES AND EXAMINER
The Trustees 8re respon5itde for the preparation ol the accounts in attordan¢e ¥￿th the requirements ol the Charibes Act 2011 lllhe 2011
Acl). The Trustees a￿ satisfied that that an audit is nol required for this year under section 144121 ol the Charil*s Act 2011 (the 2011 Act)
and have chosefi instead to have an indep8ndenl examination.
I reFQrt in respect ol my examination ol the Charity's aGcounts as carried out under secbon 4411llcl ol the 2005 Act and secliDn 145 01 the
2011 Act. In carying oulffly examinab'on I have followed the requirements ollhe applicable Direth'ons given by the Charity Commission und
secl'on 14515llbl ollhe 2011 Act.
INDEPENDENT EXAMINER'S STATEMENT
Sill￿ the Charity's incorne ￿ in excess 01£250,000, your examiner musl be a Mern￿r ol a body lis￿ in the 2011 Act I can confirm that I
am qualiffied to undertake the examination because l am a regisiered member ol the Institute ol Chartered Aco)untants in England and Wa￿$
ich is Me olthe lis￿￿ bodies.
I ha¥e ¢cmpletd my examination, I that no matters have come lo my attent￿n giving mecause to belRve that in any material respect..
accounting words were not kept in respect ol the Charity as required by seth'on 130 01 the 2011 Act., or
2. the accounts do not xcord vith those records., or
3. the accounts do not ujmply with the applicable requirements Con￿MIng the form and c￿lent ol aco)unts set out in Ihe Charities
IAcc(yJnts and Reports) Regulab"ons 2008 other Ihan any requirement that the attounts giv8 a true fair which i8 not a
malterccn￿der￿d as part ol an independent examination.
I have no con￿rn5 and have come 8cr055 no other matters In connecb.on with the examination lo which attenthin should be drawn in this
port in c￿der to enab￿ a proper understanding ol the accounts lo be reached.
Jan8 Askew ACA
Haysmaiantyre LLP
10 Queen Street Pla
Lond£
EC4R 1AG
Dale 0311012022

THE TIFFIN SCHOOL FOUNDATION
STATEMENT OF FINANCIAL ACTivrriES
YEAR ENDED 31 DECEMBER 2021
Unreslrlcted Re3tricted Endowment Total Funds
Funds
Funds
Funds
2021
Total Funds
2020
Note$
INCOME FROM..
Donat￿￿$ and legaaes
Investments
Charitable actiwlies
303,309
2,573
303,309
30,040
6,463
326,591
29,769
6,460
27,467
6,463
TOTAL INCOME
33,930
305.882
339,812
362,820
ExPEND￿UREoN..
Raising funds
Charitable activities
2,656
134,833
2,656
147,819
3,160
869,737
12,986
TOTAL EXPENDITURE
12,986
137,489
150,475
872,897
Nel In¢omellexpendilurel before gains on
revaluation of investments
20,944
168,393
189,337
1510,0771
Gain on revaluation olinvestments
144,947
144,947
63,584
NET INCOMEIIEXPENDITUREI
20,944
168.393
144,947
334,284
1446,4931
Funds brought IoTVdrd
122.685
185,569
1.021,800
1,330,054
1,776,547
FUNDS AT 31 DECEIIBER 2021
143,629
353,962
1,166,747
1.664.338
1,330,054
The Statement ol Financial Activities l￿dUdeS all gain5 and bsses in the finanaal per￿d and there￿re a statement oltotal r￿ogniSed gains
Id losses has not been prepared.
Al ol the above amounts relate lo continuing actiw1￿$.
A comparative Stalemenlol Finanual Acl'wbes has LEen induded within Note 18.
The notes on pwJes 1110 19 form part ol these finanual slalemenl5.

THE TIFFIN SCHOOL FOUNDATION (REGISTERED CHARITY NUMBER 11852401
BALANCE SHEET
AS AT 31 DECEMBER 2021
2021
2020
Note$
FIXED ASSETS
Investments
1,166,747
1,021,800
CURRENT ASSETS
Debtors
Cash al bank
10
21,789
491.667
44,618
269,421
513,456
314.039
CREDITORS.. arnounts lalling due *ilhin
one yeai
12
115,8651
15,7851
NET CURREpif ASSErs
497,591
308,254
NET ASSETS
1,664,338
1,330,054
FUNDS
Endowment ￿ndS
Restricted inc(xne funds
Unrestricted incorne fijnds
14
15
15
1,166,747
353.962
143.629
1,021,800
185,569
122,685
TOTAL FUNDS
1.664,338
1,330,054
These financial stslements were approved by the Trustees on 12 September 2022 and ￿ signed on their tehall by..
The notes ￿ paye 1110 19 fom part olthese finanillal stslements.
10

THE TIFFIN SCHOOL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2021
ACCOUNTING POLICIES
General Information
The Tiffin Schocd Foundalion is a charitable incorporated organisab'on regist¥ed in England and Waks. The prinapal office and charity
registration number can be found on page 1.
The principal accounl'ng policies adopted, judgements and key sources ol eStima￿n of uncertainty in the preparation ollhe financial
Statem￿lS are as follows..
Ba$1$ d preparation
The finanria statements have been prepared in accordance with Account'ng and Rewrb'ng by Chwbes. Statement ol Recommended
Pr￿t￿e ISORP 20191 applrable lo charib'es preparing accounts in a￿￿dance wth the Financial Repottng Sl&)dard 4)pli¢able in the UK
and Reputdrc of Irelathj IFRS 1021 aThJ the Charibes Act 2011.
The Tifv Schty)l F￿ndation meets the definition ol a publ￿ benefit enbty under FRS 102. Assets and1iablib'e$ a￿ inibally rwnis&J at
h￿￿rICa cost LY transactmin value unless othe￿ise stated in ts rgkvanl ax(wnts"ng WILY nolels).
Donation>, legacies and investment income
Income is recognised when there is evidence ol entitlement, Ihe income can be reliably measuod and rec*pl15 ￿0ba￿e. hveslmenl
income includes income from listed invesknents and bank deposrts.
Expenditure
Expenditure has been recognised on an acciuals basis and allocated accc(dM)g to wrpose. The Charity is not reg￿tered for VAT
and so expendiluie is shown gross ol irrecoverabkq VAT. Goveman¢& ￿$15 comwse the costs assoryated vith constitutional and
statutory requirements.
Investsnenls
Invesbnents are stsbj al martel value. Invesfrnenl gains and10sses. whether iealised or unrealised, are cunbined and shown in the
heading'Gaindlbssesl on ￿valUation ol investments. in the Statement ol Financial Acts"vibes.
Debtors
Trade and other debtors are recLvJnised al the settlement amount after any trade discount offered, Pwayments are valued al the
amount prepakl nel ol any traje discounts due.
Creditors
Creditors and wowsions are recognised where the charity has a wesenl c*Jllgal￿n resulting from a past event that %MII probabty resu
in the tr&)sferollunds lo a third party aNJ the am(￿￿1 due to 5etUe the obligation can be measured oreslimaled reliaNy. Creditors and
prowsions ¥e nomially reco9nised at their setlemenl amovnl after Ikimng for any trade d￿C￿nIS due.

THE TIFFIN SCHOOL FOUNDATION
NOTES TO THE FINAIICNL STATEMENTS
YEAR ENDED 31 DECEMBER 2021
ACCOUNTING POLICIES (Continued)
A¢counting estimates and areas of judgwi•nt
The p￿ paration ol finanaal slalements in Complian￿ wth FRS 102 required the use ol certain critical accounb'ng estimales.11 also
requires management to exercise judgement In apply1ng the charity's accounting policies. Thwe are no Slgnificanl areas where
judgernenlwas needed ottTrer than Ihose alrealy included in the accounb'ng pOI￿leS.
Fund accounting
The Foundation endowenl represents those Investments that W￿re originally vested in ihe unincorkKJraled 1978 Foundation trustses.
This endowmenlwas then vested wlh The Foundation as 501e trustee pursuanttoa vests'ng declai*'on (Sated 31 January 2021. Income
ari￿ng from the investments and included property ￿ unre51rthd and is applied towards the objecbves ol The Foundation. In additio
to the original Endowment. in 2020 The Foundation received an endowed legacy, the terms ol which prevent the expenditure or
disbursement ol the gift. The income generated from this ￿acY is reslricled lor expenditure on choral or instrumental musi¢ and as
suth is accounted for under restricted funds.
Reslricled lund5 are those whith a￿10 be apFIRd In aCw[dan￿ wlh specific reslri¢bons imposed bydonors orvthich have been raised
bylhe ch￿lty for parb'cular purposes. The cost olrai5ing and administering such fijnds are against the specific fijnd.
The Tiffin Education Fund is a restricted fund ol donab'ons from the parents ol students currently attending the SchoDI and from other
supporters. This is a ￿nd Ihal supports %Mderopportunib'es and Capital developments at the ￿(M)I. The 2151Cenlury Building Projecl
Fund 15 Specifical￿ tsrgeled al assisb.llg with the kh(ol's ￿MiseS devel(pmenl ￿an. In addib'on, further restricted funds were held in
respect ol a legacy towards the teaching ol photonics and the use and applicalDns ol fibre optics and from d(x)ors towards woviding
rowng and musi¢ lo siudenls. Detsils ol movefflents during the year and the bal￿Ge$ al year*nd ol Reskncted Funds are shown in
note 15 to ihe acwunts.
Tiffin S¢hool
The Foundation is the registered owner and sde trustee ollhe land and buildings al the Tiffin Sthool site n Kingston uw)n Thame5 and
Certain land al the Fairfield. These assets have not been fecognised on the balance sheet ol The Foundats'on as The FoUndat￿n doe5
not have the Ljnencumbered beneficial righ15 01 owership Iherelo vthilsl they are in use by the School. Certain buildings and
irnprovements have been wholly or parly funded through publicly funded grants and may ne&J to be repaKI. in ¥thole or in part, in the
event ol Ihe dissolulKJn olTiffin School.
Theassels and liabilities and finantial a¢ts'viliesolTiffin School have not been consdidaledintolhe accounts olThe Foundab'on t¢¢ause
as a state funded &ademy trust, the Secretary ol Slate for Education has exlenswe power5 in adverse circumstances lo inteNen8 and
change the fijlure direclnn ol the School and as such this significantty r&Juces any controlling inflL*n¢e ol The Foundatson.
Preparation ol accounts on a going conc¢m ba$
Ouring 2021 Ihe UK economy ha5 been seri￿SIY impacted by the COVID-19 virus. The income ol the Charity is largety derived from
voluntsry in¢orne and has eXperien￿d some decline in voluntary donations during the first part ol the year, however. from September
onwards there has been a growth in voluntsry In￿me.. Given the long standing relationship between its supporters and Tiffin Scho
the Ttuslees are ol the view ihal any 5uth impact is Manageab￿ and are therefore confident that the ch￿ty can continue to ieptyt On
a going concem basis.
The Trustees COns￿er there are no ofvr material uncerta'nlies about the charity's ability lo continue as a going concern. The review
of our financial px)sil¥Jn, ￿SerVeS leveL4 bjlure pl￿S gives Trustees cx)nfideno the charity remains a going Concern f(K the
foreseeable ftjture.
12

THE TIFFIN SCHOOL FOUNDATION
NOTES TO THE FINANC14L STATEMENTS Iconlinuedl
YEAR ENDED 31 DECEM8ER 2021
INCOME FROM DONATIONS AND
LEGACIES
Unrestricted
Funds
Reslricled
Fund3
Endowmènt
Funds
Total funds
2021
Total fund$
2020
DonatKins to the Tiffin Education Fund
Donations lo the 2151 Century Building
Fund
Other Donations
Legacie5
300,418
281.273
281,273
285
2,606
285
1,541
43,777
1,541
303,309
303,309
326.591
INCOME FROM INVESTMENTS
Unre$lri¢led
Funds
Restricted
Funds
Total funds
2021
Total funds
2020
Income from UK Iisled investments
Bank interest receivable
27.467
2,533
40
30,000
40
,415
354
27,467
2,573
30.040
29,769
INCOME FROM CHAR ThABLE ACTNITIES
Unre31ricted
Fund•
Total funds
2021
Total funds
2020
In￿me from non-investm￿l propwty in futherance ol the
Charity's objects
Other IncoTne
6,437
26
6,437
26
6.450
10
6.463
6,463
6,460
EXPENDITURE ON RAISING FUNDS
Vnrestri¢led
Fund$
Restricted
Fund$
Total fund¥
2021
Total lundg
2020
FUndra￿ng". Legd Fees
Fundraisi￿." Tiffin Education Fund
Fundrai&ng.' 21st Century Building FuThJ
2.656
2,656
90
3,070
2,656
2,656
3.160
13

THE TIFFIN SCHOOL FOUNDATION
NOTES TO THE FINANc￿L STATEMENTS (continu￿)
YEAR ENDED 31 DECEMBER 2021
EXPENDITURE ON CHARITABLE ACTIVITIES
Unrestrf¢tsd
Funds
Re51ri¢led
Funds
Total fvJnd$
2021
Total lund$
2020
Contributions to Trffin School..
StK)rts Centre Extension & Gym Equipment
Tiffin School educats.on & whjer OP￿rtUnitieS costs
Provision ol Rowing & Boathouse running ￿$ts
Other contribultOn5 to Tiffin School
41,020
93,813
41,020
93.813
793,781
52.000
1,203
792
1,690
1,690
Support costs.,
G0veMall￿ costs (see bebwl
Other support costs
11.296
11.296
21.686
275
12,986
134,833
147,819
869,737
GOVERNANCE COSTS
Unrè$trl¢l¢d
Funds
Total funds
2021
Total fund8
2020
Independent examination fees
InSUran￿S
Other professiona fees
5,520
1,830
3,946
5.520
1,830
3,946
4,320
2,770
14,596
11,296
11,296
21,686
STAFF COSTS AND EMOLUMENTS
During the finanaal year there were no emtAoyees12020'. none). No salarles or wages ￿re paid during the year,
TRUSTEES, REMVNERATION
No reTTTrunerab'on wa5 p¥Ad lo the Tru51ees during Ihe finanaal year and no expenses were ieimbursed12020'. nill.
14

THE TIFFIN SCHOOL FOUNDATION
NOTES TO THE FINANc￿L STATEMENTS l¢ontSnyedl
YEAR ENDED 31 DECEMBER 2021
INVESTMENTS
2021
2020
Movement$ Sn market value
Market value al 1 January 2021
Choral and Instmmenlal Music Legacy Invesbmenl
Net gain5 on revaluations in the year ended 31 December 2021
Endo*Thenl Fund
Choral and InstNmental Music Legacy
1,021,800
958,216
132,710
12,237
58,217
5,367
Market Yalue at 31 December 2021
1,166,747
1,021,800
Historical ¢osl al 310ecembei 2021
137.814
137,814
The investments consist oltwo separate endowment bJnds.'-
-The Endowrngnl Fund 0151,94146 Charib'e5 Official Inveslmelll Fund Income Shales,.
-choral and Inslwmental Music Legacy 014,789.27 Charib'es Offiual Investrnenl Fund Income Shares.
10. DEBTORS
2021
2020
Other debtors
cwed income
126
21,663
446
44,172
21,789
44,618
11. CASH AT BANK
2021
2020
Bank deposit acwunl
Bank current accrAJnl
29,296
240,125
491,667
491,667
269,421
15

THE TIFFIN SCHOOL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS l¢onfjnu•dl
YEAR ENDED 31 DECEMBER 2G21
12. CREDifoRS.' amounts falling due wtthin one yèar
2021
2020
Accwals and deferred in¢ome
15,865
5,785
15,865
5,785
Analy$l$ ol d•lerred in¢om•
2021
Deferred income al 1 January 2021
Resources deferred in year
Amounts released trom previ)us year$
1,464
1,464
Deferred income al 31 Oe¢ember 2021
1,464
Deferred income relates to rental inujme r￿1Ved in advan￿.
13. COMMITTED EXPENDITURE
There were no capital commitments at the 2021 year end. 12020.. Al a meets.ng held on 16 March 2021. the Trustees, authorised
lunding olup to £36,000 from the Tiffin Educakn'on Fund towards the final projeclt))sl olthe sports centre extension I￿Oie¢l.)
14. ENDOWMENT FUNDS
Balance at
1 January 2021
Gains and
Losses
Balance at
310e¢ernber 2021
Perman8nt ¢ndowmenls
Fwndation endowment
Chora and Instrumental MUS￿ Legacy
935,539
86,261
132,710
12.237
1,068,249
98,498
1,021,800
144,947
1.166,747
Comparative inforrnatvjn in r￿pect01the pre￿dIng [el￿d is as follows..
ENDOWMENT FUNDS
Balance al
1 January 2020
Galn5 and
Lo$se$
Balance al
31 Decembef 2020
Permanent endowments
Foundation endowment
Choral and Instrumefilal MUS￿ Legacy
877,322
80,894
58.217
5,367
935,539
86,261
958,216
63,584
1,021,800
16

THE TIFFIN SCHOOL FOUNDAT1014
NOTES TO THE FINANCIAL STATEMENTS Icontinuedl
Y￿R EIIOED 31 DECEMBER 2021
15. INCOME FUNDS
Balance al
l January 2021
Balanee at
31 Dec•rnb8r 2021
Income
Transfers
Expenditure
Restrictsj lunds..
Tiffin Education Fund
2151 Century Building Fund
Choral and Musi¢
Photonics & Fibre Opts"cs
Rowing
Qxher Restricted Funds
157.665
300,417
285
2,533
1133,4511
12851
13,7531
324,631
3,080
23,110
1,860
23,110
2,510
1,851
2,510
137
1,714
Total Restricted Funds
185,569
305,882
1137.4891
353,962
General bjnds
122,685
33,930
112,9861
143,629
Totsl Unrestricted Funds
122,685
33.930
112,9861
143,629
Total Incon￿ Funds
308,254
339,812
1150,4751
497,591
An exFdanation olthe ondowTnenl and of various restr.cted funds can be found under Accwnting Policies on page 12.
CLxmparalNe information in respectol the preceding pemd 15 as follows..
Balance at
1 January 2020
8alance at
31 Decembor 2020
In¢ome
Transfers
Expenditure
Restricted fijnds..
Tiffin Edu¢akn'on Fund
21st Century BuiKling Fund
Choral and Music
Photonics & Fibre Cpb'cs
Rowing
Other Resliicted Funds
603,067
75.560
597
23,110
281,627
43,777
2.483
1727,0291
1119,3371
157.665
3,080
23,110
1,082
459
11,2031
12,5751
3830
1,714
Total Re9tricted Fund$
706,285
329,428
1850.1441
185.569
General fvnds
112,046
33,392
122,7531
122,685
Total Unrestricted Funds
112,046
33,392
122,7531
122.685
Total Income Funds
818,331
362,820
1872.8971
308,254
17

THE TIFFIN SCHOOL FOUNDATION
NOTES TO THE FINANc￿L STATEMENTS l¢onlinuedl
YEAR E14DED 31 DECEMBER 2021
16. ANALYSIS OF NEf ASSETS BETWEEN FUNDS
Net current
Assets
2021
InYe$trnenls
2021
Total
2021
Endowmentlund$'.
FoDnd*'on endowment
Choral and Instrumental Music Legacy
1,068.249
98.498
1,068.249
98,498
1,166,747
1.166,747
Income Fund$'.
Resliicled funds
General ￿ndS
353,962
143,629
353,962
143,629
497.591
497,591
Total lund$
1,166,747
497,591
1,664,338
Comparative information in respect ol the preced￿9 p￿0d is as follows..
Net current
Assets
2020
Investments
2020
Total
2020
Endowment funds..
Foundation endo￿nent
Choral and Instrumental Music Legacy
935,539
86,261
935,539
86,261
1,021,800
1,021,800
In¢ome Funds..
Restricted fijnds
Generd funds
185,569
122,685
185,569
122,685
308,254
308,254
Totsl fvnds
1,021,800
308,254
1.330,054
17. RELATED PARTIES
The FOundat￿n'S Trustees have the power to appoint a majority ol the GovernLYS oITiffin Sthool, an A¢*J￿Y Trvsl. A￿OrdInglY, the
Academy is a related partyolThe Foundati¢￿. TheAcademyoCcu￿.es land and buikjings owned by TheF0Undal￿n and The Foundth'on
made grants to the Academy 01£136,523 during the year12020.. £847,766).
Al the balance sheet date £9,48012020'. £Nill was (kne Ifom The Foundation lo the Academy.
18

THE TIFFIN SCHOOL FOUNDATION
NOTES TO THE FINANCLAL STATEMENTS Icontinuedl
YEAR ENDED 31 OECEMBER 2021
18. COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Reslrieted End0y￿ent
Fund$
Funds
Funds
Total Fund$
2020
INCOME FROM..
D￿a￿.0nS and lega¢*s
Inv&strnents
Charitable acti¥￿eS
326,591
2,837
326,591
29,769
6,460
26,932
6,460
TOTAL INCOME
33,392
329,428
362.820
ExPEND￿VRE ON:
Coslol raising funds
3,160
3,160
charitab￿ activikn'es
22.753
846,984
869,737
TOTAL EXPENDITURE
22,753
850,144
872,897
Nel income before gains on revalua¢lon ol knvestments
10,639
1520,7161
1510.0771
Gan on revaluation ol inve$trnents
63,584
63,584
NEf INCOME
10.639
1520,7161
63,584
1446.4931
Funds brought forward
112,046
706,285
958,216
1,776.547
FUNDS AT 31 DECEMBER 2020
122,685
185,569
1.021.800
1,330,054
19