Chartty Number.. 312282
TWICKENHAM PAROCHIAL SCHOOLS
miuSTEEY ANNUAL REPORT & U14AUDITED H14ANCIAL STATEMENTS
30JUNE 2023

TWICKENHAM PAROCHIAL SCHOOIS
TRU5TEES' ANNUAL REPORT
forthe year ended ao June 2023
The trustees present thelr report and the financlal ststements of Twl¢kenham Parochlal Schools for the year
ended 30 Jut)e 2023.
The financial ststements have been prepared in accordance with the accounting poliaes set out in the note5 to
the financial statements and comply with the charit￿ Act 2011. the 8oveminB document of the Charfty. and
Accounting and Reporting by Charitie5'. Statement of Recommended PraCt￿e applicable to charities preparing
their financial statements in accordance with the Finandal Reportln8 Standard applicable in the UK and Republic
of Ireland IFRS 1021 leffectfve l January 20191.
OBJECTIVES AND AcnviTIES
Charltable object1￿*
Twickenham Parochial Schools ori8inalty set up as a trust in June 1861 for the purpose of buildinB a school
and provldlng edu¢*lon for the chlldren of the Parlsh of Twickenham.
The recorded objert of the charlty at the Chartty Commlsslon Is to advance thè edu¢atlon of the pupils at St
Marf5 Church of En8land Primary Scknl in the Parish of Twickenharn in accordance with the principles of the
Church of England by=
Provldlng and maintaining the buildin85 used by the school: and
Providlng orassisting Sn the p￿￿slon oteducatlonal. recreatlonal and other charftsble lacllltles not requlred
to be provided by the local aulhorlty.
Charlt•bl• artl¥llles
In furtherance of theTmsYs charltable oble¢( the trustees appty the tharws fvnds In the fo51owln8 ways:
y provldlng grants to meet educatlonal costs of the schcd not funded by the Local Education Authorlty
Includlng the provislon of spe¢lalist support staff.
Funding towards the general maintenance of propertie5 owned by the charfty that comprise the school
premlses.
Providin8 the contracted contritrrtrtion necessary on capital projects undertaken by the Department for
EducatSon IDIEI and the London t*ocesan Board for Sthools ILDBS) for improvements to the school as
authorlsed by board of governors of the school.
Ensuring that adequate fvnds be available sth)uld expendlture by the school not fvnded by the Local
Education Authority. the t)fE orthe LDBS, be necessary.
The trustees entered into a c(*operation agreement dated 27 June 2002 with The Mayor and Burgesses of The
London Borou8h of Richmond Upon Thames 1.the authorirfl and the LDBS to secure the desiBn, construction,
rinancirbg and maintenance of thets￿ sfces that comprised the school as atthat date and fora perlod of 30 years
to 28 lune 2032.

TWICKENHAM PAROCHIALSCHOOLS
TRUSTEES, ANNUAL REPORT (Continued)
for the year ended 30 June 2023
The authorlty has entered into a prwate finan￿ initiatlve 1.the PFI a8￿MenrI with Rithmond Upon Thames
Schools Seryices knmited l-the PFI providefl. and under the terms of the cO￿Peration agreement, the charity
has granted the PFI provider a 3(￿ear leases over the school premises at Amyand Park Road and Orleans Parl
Richmond Road. The middle site on Strafford Road is not within the PFI agreement and is funded directly by the
authortly.
The charlty is responsible forthe collertion of annual capital expenditure payments owed to the PFI provider by
the DfE. As the buildings are ￿nE maintained for the period to June 2032 by the PFI prowder. there is no longer
nee<1 for the tharityto underwrite parental contribution5 to the buildin8 maintenance fund ori8inalfy Set up by
the LDBS.
Indicator5. mllestones and benchmarks
The tnjstees vlew the contlnulng success of thè xhool. the use of its fadlltles and the degree to whlch thelr
contrlbutlon to the provlsion, maintenance and up8radin8 of thosefacilities has been part of the 5chool'5 success
85 the key measure of thelr performance.
Publk b•n¢fft
The trustees hawe taken The Charity Commission's 8erteral 8uidance m pvbli¢ benefft Icontalned wlthln the
recently revised guidance publication "Charltles and PublK Benefifl Into conslderatlon Sn preparlng thelr
statements on publlc benefft Contained wtthin this trustee< annual ￿port.
Beneflts and beneftlarles
The charlty ¢ontlnues to asslstwlth the pr¢ylslon of prlmary edu¢atk¥n by supportln8 and malntslnlng the school
facilities at St Marfs Primary School's three sltes In Twlckenham and by provldlng ad hoc fundln8 to the school
for educational costs noi funded by the local education authority. The charitrfs principal beneficiarie5 are
therefore the schoovs pupils and. indirectly. members of the local communltywho impliatlyderfve some beneflt
from the work of the charity because of the existerKe of the school.
TrUstee￿O$Se$srnent ofpublk benefft
The trustees use the indicators, mikstones benchmarks referred to above to measure the success of the
charlty In terms of delfveryof publtc bertefft and they are ￿l$fied that the charityCS)ntinues to beneflt the publlc
through Its targeted tharitable activrties.
Relatlonshlgs wlth related partles and vewe5entatlon on othef bodles
The work of the charity is integrally linked to the operattons of St Marfs Primary School, Twickenham. A5 such,
the trustees work closely wlth the board of 8o¥emors of the school and the head teacher. Ms A￿ela Abrahams.
The charlty Is currently represented on the board of govemors of the school byThe Rerfd R J Hopkin Wllllams.

TWICKENHAM PAROCHIALSCHOOLS
TRUSTEES. ANNUAL REPORT (Continued)
for the year ebyled 30 June 202J
ACHIEVEMEPITS AND PERFORMANCE
kll¥ltles and events
The trustees contlnue to fund varlous sd￿1 actlvltles. projects arbj fin￿latIVeS thr￿ghout the year.
The trustees have, as usual. recelved fvnds from the D￿ and pald the sameto the London Borough of Richmond
upon Thames 1.the Borough-l. on behalf of the developer, as part of the capital cost of the PFI Contract for the
bulldln8 and refurblshment of the xhool prtmlses entered Into In 21J)2.
The trustees also contlnue to fund thelr assessed annual contributlon payableto the authorlty forthe.llfe cycle"
costs of anttclpated major repalrs and rer￿41$ of the premlse5.
Durln8 the year the trustees reconfirmed their wth to support the engagement of a school chaplain to assist
with the educational, spiritual and pastoral Ca￿ of the pupits and staff of the xhool and agreed to contribute
£35,WO towards the Cost of an asslstant Cler￿ post at St Mary The Vlr8ln, as has been the case In the past.
DespSte InteNlews bein8 undertaken and an offer made. the post remained unfilled at the 30 June 2023. The
positlon Is to be readvertised later th55 year.
Impart of ¥rtl¥ltles and e¥ents
The teachers and puplls contlnue to benefft from the up8rnded premlses provkled through the PFI contrart, and
to enloy and make good use of the extra space around the junlor site acquired as part of the PFI *eement for
sport and recreatlon purpose5.
Extra support staff have been appolnted. or provlded from spedallst Sour￿$. to ass15t w￿h the needs of chlldren
wlth learnln& physical or behavtoural difficultles. using the fund5 provbded by the trust.
FINANCIAL REVIEW
Flnan¢lal results of •¢tlvlEies and ev•rts
The charitls income for the year comprised £140.(KK) of rentsl income and £ll,CW of investment income
compared wtth £130,lK￿ and £IO,IIXI in 2022. During the year. the tharity encashed part of its investment
portfolio for £90.250 in anticipation of the investment fund bein8 dosed by the fvnd mana8ers. This ha$ 8iven
rSse to a realb5ed gain of £4,71KI {2022 £nlll.
Total expenditure for the year was £124.(MXI12022: £160.fy))1. £74.IXX) was spent on grants made to support
the work of the school, £8.lJJ) on the trusys PFI Lif&cyde cost contribution, £37.IJX) on the maintenance.
insurance and mana8ement of the trLtsYs investment properties and £5.￿Al on support and g￿ernance costs
12022: £76,CK)0, £8,tK(l and £5.IKKI respectlvelyl.
Support & 8overnarKe costs indudes the purchase of professlonal Indemnlty Insurance for the trustees to cover
their work as trustees. The cost of the premium forthis amounted to £1.01712022: £1.0171. The policy provides
cover of up to £1 million in respee£ of ary one dalm.
The tharlty actirvx In Sts cap¥lty as a8ent on behalf of the London Borough of Rithmond upon Thames l.the
authoritf l applied for and receNed funding from the DIE amounting to £610JXN)12022.. £596,(￿1. The Same
was paid to the PFI providervia thè authority.

TWICKENHAM PAROCHIAL SCHOOL5
TRUSTEES, ANNUAL REPORT Icontlnuedl
fr•r the year ended 30 June 21)23
ReseThes pollcy
As at 30 June 2023. the charity had free reserves of £3.587.114 held in the General Fund12022.. £3,544,187>.
Nothin8 was held as a restrlcted fund12022.. £2,404).
So as to ensure adequatèfijnds are available should expenditure by the school, notfunded by the Local Authority,
the DfE or the LDBS, be seen as necessary or hl8hly deslrable, the trustees are careful to conserve the value of
the charlty's funds. In line with the trustees, 8eneral approach to risl a significant portton of the charity's f¢Jnds
are held as long-term investments in property. where securlty and z steady growth in rental values in excess of
general inflation is ￿garded as preferable to maxlmlsln8 any short temi gain to be earned from selllng.
The level of the charlty'5 reserves and the balance between short and long-term Investment was once agaln
reconsldered In the light of the trustees, risk assessmènt exerclse and was consldered to Still be sat15factory.
hwestments polky
Thg D¢claratlon of Trust 8lves the trustee$ the power to Inve5tthe assets of the charlly In such a manner as thev
seo flt. In practlce, the trustees hold the free reserves of the charlty In Investment propèrtles. in low risk listed
Invéstments and In bank deposit ?ccounts.
The charltV5 Investment propertles are residential in nature, locèted in Twlckènham and are let at prevailin8
market rents applicable at the tlme the lettin81s a8re•d.
The charity's listed investment Cornprlses Its holdlng In the COIF Charltles Investment Fund - Income unlt5. 8v
Investln8 In th15 way, the trustees seek to beneflt from the fund's publlshed social. ethlcal and envSronmental
Investment polScies.
Durlng the year, the net Incon7e retvmed on the charltvs InvestmÈnt assets amounted to Ellg.00012022..
£106,0001. The market value of the charity's listed investmènts increased In value by £11,000 durin8 the year
12022 decreased by £21,0￿1.
The trustÈe5 ar¢ satisfied wlth the perform8n¢e of the chèrlvs Investment assets for perlod under revlew.

TWICKENHAM PAROCHIAL SCHOOLS
TRUSTEES, ANNUAL REPORT (Continuedl
ft>r the year ended 30June 2023
STRucfuRE, GOVERNANCE AND MANAGEMENT
Status and hlstory
T￿tkenhaM Parochial Schoo15 was ori8inally set up as a trust In June 1861 for the purpose of bullding a school
and providin8 educatlon for the children of the Parlsh of Twickenham conduc￿￿ "according to the princlples of
the Established Church throughout England and Wales". The original trust became a reglstered charlty on 10
March 1971 and Is still governed by the rule5 and regulatlons set down in its DeGlar4tlon of Trust dated 6 June
1861.
Organlsatlonal structure
The overall str4teslc dlrettion of Twlckenham Pafochlal Schools Is determlned by the trustees, who are the key
management personnel of the charlty and who are also responslble for the d3y-tO-day management of the
charity. The twstees work closely togèther and hold meetlnBS on a re8ular basls.
The Treasurer look5 afterthe day-to4lay admlnlstratlon of the charlty. In clrcumstances where dec151ons need to
be made between trustees, meeting dates, Informal dlscusslons take place elther face-to-face, over the
telephone, or by e-mail. The decisk)ns so taken are ratified at the next trustees meetlng.
Method ol recrultmenL appoSntment. elecllon, Indurtlon and tralnln8 of trust•
Recrultment
The trustéès perlodically conslder the approprlate mlx of skllls and experlence needed on the board to manage
the Charlty and look to malntaln th15 mlx as and when a vacancy arlses.
Appgintment ond elertlon
The Vl¢ar of Twickenham Parish Church. St Mary the Vlr8in. outomatlcally 3ssume5 the role of trustee upon
appolntment, and for $0 lonB as the p05t Is held.
The Churchwardens ofTwickenham Parish Church, St Marythe Vlrgin a￿ appolrtted trustees of the charlty when
they are appolnted Churchwarden5 and rémain trustees for a5 long as they continue In thi5 P05t. Retlrlng
Churchwardens may be invited to remaln a trustee by the othèr trustees.
The trustees have the power to elect anyone else to become a trugtee, as and when they see flt. Trustees $0
appoSnted serve for an initlal term of 4 years and can be re-Èlerted for a fvrther term of 4 year5 before belng
requlred to Stand down for a beast l year betore bewmln8 ell8lble to be appolnted a8aln.
Indurtlon and trainlng
The role and responsibilities of a trustee are explained to all new trustee5 by the existing trustees upon
appointment. Thereafter, all individual trustees are given the opportynlty and are attfvely encoura8ed to 80 Of
courses at any tlme to sult their needs.

TVIICKENHAM PAROCHIAL SCHOOLS
TRUSTEES. ANNUAL REPORT Icontinuedl
for the yearended 30June 2023
Rlsk and c(>rporate 8overnance matters
The Trustees have reviewed the charitys activities to identlfy and assess the rnajor risks itfaces. Having assessed
the major risks, the Trustees believe that by monltorlng reserve levels, by en5urin8 controls exist over key
financial 5y5tems. and by examining the operational risks faeed by the charity, they have established effectlve
Systems to miti8ate those rlsks. In Ilne with the requirement5 for Trustee5 to undertake a risk assessment
exeTcise and report on the same In their annual report, the Trustee5 have looked at the risks the charity currently
faces. Identifying three main areas where risks may arlse..
Management and governance
Flnanelal
Laws, regulations, external and envlronmental
Mana8ement and 8ovemance conslder the rbsk of the charity 5ufferlng from a lack of dlrectlon, the skllls and
trainSng cif its trustee5, and thÈ good use of its resources.
Flnanclal r15ks Include those resultlng from poor bud8etary control, InappropriatÈ spendln& poor Investment
advlcè ¥nd poor accountin8.
Laws, regulations. extemal and envlronment look at the effects of 8overnment policles, the consequences of
non-cgmpllance wlth the laws and re8ulatlon5 and poor rlsk a55es5ment.
Trustees, responslbllltles In th• pY•paratlon ot flhawl•l stat•m¢nts
The trustees are responslble for preparingthe trustees. annual report and the financial statement5 In accordance
with applicable law and UnSted Kln8dom Accountin8 Stsftdards Iunlted Klngdom Generally Accepted Accountlng
Practlcel.
The law appllcable to charltles In England & Wales requlres the tnjstees to prepare financial ststements for each
financlal year, which 8ive a true and falrview of the State of affaifs of the charlty and of the Incomln8 resources
and appllcatlon of resour￿$ of the charlty for that perlod. In preparln8 these flnan¢lal Statements. the trustee5
are requlred to..
select suitable accountin8 policies and then apply thern conslstentfy.
observe the methods and prlnclples In the Charfties SORP.
make lud¢ements and accounting estSmates that are reasonable and prudent.
state whether appllcable UK Accountln8 Standartls have been followed sublect to any materlal departures
dlsc105ed and explained in the financlal Statements.
prepare the financlal statements on the 8oin8 concern basls unless It Is inapproprlate to presume that the
charlty wlll continue in business.
The trustees are responslble for keeplng proper accountlng records that disclose with reasonable aceuracy at any
tlme the fin3ncial position of the charity and enable them to ensure that the financlal statements comply wlth
the Charities Act 2011, the Charlty (Accgunts and Reports) Regulations 2008, and the provislons of the Trust
Deed. They are also responslble for safeguarding the assèts of thè charity and hence fortaking reasonablt steps
for the prevention and detectlon of fraud and other irregularities.

TWICKENHAM PAROCHIAL SCHOOLS
TrUSTEES' ANNUAL REPORT (Continued)
for the year ended 30JuAe 2023
Independent ¢Mmlner
Kerry Gallagher FCA DChA of RSM UK Tax and Accounting Umfted has Indicated her wllllngness to cont5nue In
offlce.
Statement as to dls¢losure of Informatlon to the Independent examlner
The trustees at the date of approval of thls trustees, annual report tonflrm that so far as each of them Is aware,
there Is no relevant Informatlon of whlch the charlty's Independent examlner Is unaware, and the trustees have
taken all steps that they ought to havè taken to make themselves aware of any relevant Information and to
establish that the Indepèndent examlner Is aware of that Informatlon.
REFERENCE AND ADMINISTrATIVE DETAILS
y a sealed order of the Charity Commlssloners for England and Wales dated 13 May 2￿2. the trustees of
Twlckenham Parochial Schools were granted a Certifi￿te of Incorporatlon as ? body corporate by the name of
TheTrustee5 Qf Twlckenham Parochlal Schools. Therefore, the officlal trystee of the charlty Is the body corporate
whlch slnte l 2022 has comprlsed the following Indlvldual trusteeswho all servtd throu8hout the year unless
stated otherwlse..
The Rerfd R J Hopkln Wllll•ms-
Mr M Austln
Ms B H A Wllllams- Church Warden
Mr D AArthur
Ms J 8iitton- Church Warden
Mr H D Clark
MsKCgX
M5 L Prlor
Mrs M Mence-church Warden
Chairman
Treasurer & Charlty Correspondent
Retlred 24 Aprll 2023
Appolnted 24 April 2023
Thè prlnclpal address of the ¢har6ty Is the address of the charltvs wrrespondent Mr M Austln. 2 Cllfden Road,
Twlckenham, Mlddle5ex TWI 4LX. The charltyls re815tered underthe charlty number 312282.
Thè trustees have made the followln8 professlonal appolntments..
Solicitor:
Blanchard5 Bailey LLP, BynbLtry Hous•. Stour Park, Blandford Forum,
Dorset DTII 9LQ
Independent Examiner..
Kerry Galla8her. FCA DChA of ASM UK Tax and Accountrn8 Limlted,
Davidson House, Forbury Square, Reading, Berkshire RGI 3EU
8ankers.'
Barclays Bank plc, Rlchmond and Twlckenham Brnn¢h, PO Box No 13. Rl¢hmond,
Surrey TW9 IJU
Chartered Surveyors:
Mllestone & Collls Ltd. 40 Church Street, Twlckenham, Mlddlesex TWI 3NR

TWICKENHAM PAROCHIAL SCH(X)LS
TRUSTEES, ANNUAL REPORT Icontinued)
for the yeorended 30 June 2023
FUNDS HELD AS CUSTODIAN
The charity does not currÈntty hohl. and the trustees do not anticipate that rt will in the future hold. any funds
as custodlan for any thlrd party.
This report was approvèd by the trustees on 4 De¢ember 2023. and wa5 Si8ned for and on behalf of the board
- Treasurer
M Austin

INOEPENDENfEXAMINERS REPORTTOTHETRusfEES OFTWICKENHAM PAROCHIALSCHOOLS
I report to the trustees on my examlnatfon of the financial statements of Twickenham Parcthial Schools Ithe
charityl forthe year ended 30 June 2023. whi£h are set on pages 10 to 20.
RESP01451BILrfiES AND BASLS OF REPORT
As the trustees of the charity, you are reSponsIb￿ for the preparatk)n of thè finandal statements In •tcordance
with the requirements of the CharitiesAtt 2011 (the 2011 ktl.
I report in respect of my examlnation of the chalitys financial statements Carried out under sertlon 145 of the
2011 Act, and In carryln8 Out my examlnation. I have followed all the appllcable Direthons gEven by the Charoty
Commlsslon LFnder sectlon 14515llbl of the 2011 ACL
An Independent examlnatlon does not Invofve gathering all the eVIden￿that would be requlred in an audlt and
consequently does not cover all the matters that an auditor eonsiders in givin8 thek op4nion on th* ftnanclal
statements. The plannln8 and condud of an audit 8oes beyond the Ilmlted assurance that an Independent
examlnatlon can provide. Consequently. l express no opinion as to whether the financlal ststements present a
'true and fair vie* and my report Is Ilmlted to those spedft¢ matters set In the Independent examlnerfs
statement.
INDEPENDENT EXAMINERS STATEMENT
I have completed my wmination. I confimi that no material m•tters have ￿ffle to my attentlon, In connectlon
wlth the examlnatloni 8Nlng me reasonable cause to bdleve that In any materfal respecr:
accountln8 record5 were not kept In respect of the d￿rIty as requlred by 5ectlon 130 of the 2011 Act,. or
the financlal statements do not accord wrth those records,. or
thè financial statemeftts do rbot comply with th* applkable r¢qulrem•nts concernln8 the fonn and content
of financial statements set out In the Charltles (Accounts and Rewytsl Regulatlon5 21XJ8, other than ary
requlrement ihat the financlal statements gfve a 'true and falr vlew. whlth Is not a matter ¢onsldered as
part gf an Independent examln•tion.
I have no concerns and have comeacross noother matters In connectlon wlththe examlnatlon towhkh attentlon
should be drawn In this rewt In order to enable a proper Understand1￿ of the financhal Statements to be
reached.
Slgned..
Name.. Kèrry Galla8her, FCA DChA
Nam¢ of appllcable listed bo(ty: The Institute of Chartered Accountants In England and Wales
Rèlevant professlonal qualification or meM￿r$hiP of professional body.. Chartered Accountsnt
Kerry &6llash6r
On behalfof RSM UK TAX AND AccouNfiNG UMITEO
Chartered A¢¢ountants
David50n Mouse. Forbury Square. ReadinL Berkshire RGI 3EU
14112123

io
TWCKENHAM PAROCHIAL SCHOOLS
5TATEMEKf OF FINANaALAcnvmES
forthe ￿¥r ended 30 June 2023
Totsl
202Y
Total
2022
funds
INCOME FROM:
Investments
151.076
151.076
140,996
TOTAL
151.076
151.076
140,996
EXPENOITURE ON..
Ralsln8 funds
Charltable actfvltle5
Provision ol school *a¢ility•s
136,8141
136,8141
134,6871
(87,1891
12.404)
189,5931
I88,￿*9>
TOTAL
I124.￿3>
12,4041 1126.4071 1123,5961
Galn/llossl on Imie5tments
15,854
15.854
120,8081
NET INCOMEI(EXPENorruREI
42.927
(2,4041
40,523
13,4081
Transfer between funds
NET MOVEMEpif IN FUNDS
42.927
12,4041
40,523
13,4081
RECONCIUATION OF FUNDS:
Total funds brou8ht forward
at I july 2022
3,544.187
2,404 3,546,591 3,549,999
TOTAL FUNDS CARRIED
FORWARD AT 30 June 2023
3,587,114
3,S87.114 3,546.591

TWICKENHAM PAROCHIAL SCHOOLS
STATEMENT OF FINANCIAL ACTllimES
for the ￿ar ended 30 June 2022
Unre#rlrted Restrlrted
funds
fund5
Totsl
2022
Total
2021
Notes
INCOME FROM:
Investments
140,996
140,996
119.170
TOTAL
EXPENDITURE ON:
Ra5sSn8 funds
Charltable artlvFtles
Provlslon of school facilltles
140,996
140,996
119,170
134,6871
134,6871
133.1961
188,9091
188,9091 1126,8661
TOTAL
1123,5961
1123.5961 1160,062)
ILossllBaln on Investments
120,8081
120.8081
61,752
NeT iexpENDITUREIIINCOME
13,4081
13.4081
20,860
Transfer between fund5
NET MOVEMENTIN FUNDS
13,4081
13,4081
20,860
RECONCILIATION OF FUNDS:
Total funds brou8ht forward
at l July 2022
3.547,595
404 3,549,999
3.529.139
TOTAL FUNDS CARRIED
FORWARD AT 30 June 2023
3.$44,187
2.404 3.546.591
3,549,999

12
TWICKENHAM PAROCHIALSCHOOiS
8ALANCE SHEET
as at 30June 2023
20Z3
FIXED ASSETS
Investments
3,488,305
3.562,701
CURRENT ASSErs
Cash at bank and in hand
172.604
50.390
LIABILITIES
CreiJltor5.' Amounts fallln8 due wlthln one year
{73,7951
166,5001
NET CURRENT ASSErs/(UABIUTIES)
98,809
116,1101
TOTALAS5ETS LESS CURREKf LIABiunES
& NET ASSETS
3.587,114
3,546,591
ThE FUPIDS OF THE CHAftrrf
Restr5rted IbKome funds
School Facilitles Fund
Unre5trlcted Intyne lund5
General Fund
3,587,114
3,544,187
TOTAL CHARITY FUNDS
io
3.$87.114 3,546.591
The flnanelal statements on pag￿ 10 to 20 were appro¥ed by the trustees and authortsed for Issue on
4 Decemb¢r 2023. and are si8ned on their behalf by..
Rev'd
ms
M Austin

13
TWICKENHAM PAROCHIALSCHOOLS
NOTES TO THE FINANCIALsfAIEMENTS
for the ￿ar ended 30 June 2023
ACCOUNTING POLKIES
BasFs of accountlni
These ff nandal statement5 have been prepared accordance with FRS 102 Yhe Flnanclal ReportlnB
Standard applicable in the UK and RepublK of Ireland" and under the hstorical cost convention. except
as modified for the annual revaluation of fixed •sset In¥estsY*nts. Includlngcwi•lnfin•ndal Instruments
beln8 tarried at falr value.
Within the defin￿{onS of FRS 101 the ¢h•rlty ts • publk beneFtt entity.
The financial statements have also been prepared in accordance with thè accounting pollcies set out In
more detail below and comply with the Charities Att 2011. the go¥emln8 d¢xument of the chartty, and
Accountln8 and Reportlng by Charitle5: Statement of Recommended Practke appllcable to charltle5
preparlng thelr flnanclal statements In accordance wlth the Flnanclal Reportln8 Standard appllcable In
the UK and Republlc of Iretsnd IFRS 102) leffertfve l January 2019). referred to as the Charlties SORP
IFRS 1021.
The chartrty has adopted the Charities SORP (FPS 1021 rather than app￿ir￿A the Charltles 2CQ5 SORP
which ha$ been withdrawn but Is stlll referred to In the extant CharTtle5 IAccounts and Report51
Re8ulatlon5 2CQ8. Thls departure Is necessary lor the flnanclal statements to show a true ?nd lair vlew
In accordance with UnltÈd Kingdom Generally Accepted Accounting Practtce effe¢twe for accountln8
periods be8lnnln8 on or after l January 2019.
Goln8 concern
The trustees have r￿leWed the financlal forecasts for the chartty and have reviewed its antl¢ipated
Income and expendlture commrtments for a perlod of at least twefve mnths from the date of approval
of these financlal statements. The trustèès bellevo that the charlty has adequate resources to continue
in operational Èxistèncè for at least the next twelve months meèt Its liabilitbes and obll8atlons durln8
that perlod a5 they fall due. For that mson, th¢ trustees ¢￿tInue to aty the golng corKern bas15 In
preparlng the financlal statements.
Income
General donatlons and other slmllar types of voluntary Income are brou8ht Into account when
recelvable. Donated Income Is Included gross of any attributable tax recv4erable. where relevant.
t>onatlons glven for specifit purposes are treated as restrlcted Income.
Investment income comprises rents rece￿ble under <)pèrdtinB leases on the chartys Imie5tment
properties, deposriaccount interestandd5v￿end income. Income is accountedforon a receivable basis.
oncè the rertal income has been earned. the dividend has been dedared orthe deposft internst paid.

14
TWICKENHAM PAROCHIALSCHOOLS
NOTESTOTHE FINANCIALSTATEMEIITS (Continued)
ftlr the year ended 30 June 2023
ACCOUNTING POLIUES (Continued)
Expendlturn
Expenditure is allocated to the charitrfs princlpal actmty where the costs tan be identified as beln8
dlrertty related to that activity. Costs that cannot be identlfied in this way are cateKori5ed as elther
lundraisin¥ eosts. support costs or governance eosts. Any costs that cannot be Specifically ￿tes￿rised
are allocated in proportlon5 based a sultable ratio applicable to the nature of the cost Involved.
Grants payable are recognised in the period In which the approved offer Is conveyed to the recipient
except In those case5 where the offer is conditional. such grants bebng recognised only when the
condrtions attachlng to the award are fvlfilled. fjrants offered Subject to Conditions, which have not
been met Bt the balance sheet date. are noted as a potential commltmenL but are treated a5 a
Ilablllty.
T￿￿￿ble Ilx•d ass•ts
The charlty owns the freehold of the land and buildlngs of t￿0 of the th￿e Sites occupled by St Mary's
Church of EnBland Primary School. Twickenham I'the sch¢)ol"l- the Infant site IcKated at Amyand Park
Road and thelunior siteat Orteans Park. Rkhmond Road. Thef￿hOld land and bulldlng5are inalienable
and hlstorlc assets and are carried In the attounting rKords of the charity at a book value of £NII.
This xcountbn8 trtalment is Cor￿ldered to be apprOp￿ate slTh￿ the balan￿ of the rf5k5 rewards of
owner5hlp of those a55ets rest w￿h the school and its sponsoring local Juthority, The Mayor and
Burgesses ofThe London BonyJgh of Rlchmond Upon Thames. rather than with the charity.
Investments
The charit￿$ Investments are Induded in the bala￿e sheet at fair value Itheir market value) and the
galns or l¢)sses arislng upon iheirannual revaluatK)n include(l in the ststement of flnancial activities. The
market value of Investment properties is revbewed and determined annually by the board of trustees.
Listed investments are valued by refrrence to thelr q￿ted bid valuè at the balance sheet dote.
Fln•nclal Instruments
Afinancial irsstrument i$• contract that gives rise to 3 finanoal asset of one entity and a financlal liablllty
or equlry Instrument of arsother entlty- Financial Instruments aretherefore classffied and accounted for
according to the substance of the contrartual 3rrdngement as emher financial assets, financial liabllltle5
or equity instruments. An equity instrument is any contract that evNlences a residual interest In the
assets of the entlty after deduttin8 all of its liabilities.
Flnancial assets and Ilabllltles
The charW5 debtors and credfftors that meet ￿ definitlon of either a financial asset or a financlal
liability are instially recogni￿ at the transartion value andthereafter are stated at amtsrtlsed cost using
the effective interest mèthod.

15
TWICKENHAM PAROCHIALSCHOOLS
NOTESTO THE FINAt4CIAL STATEMENTS (continL￿dI
forthe yeoreb)ded 30 June 2023
ACCOUNTING POLiaE5 (Continued)
Fynd attountlni
The General FLtAd ¢omprisesthearyumul4ted surpluse5 of unrestrlcted Incomeoverexpendlture, whlch
are avallable for use In furtheran￿ of the general objective of the charty.
Designated hJnd5 a￿ a partycular fonn of unrestrirted lund5 consistin8 of amounts. whlch have been
allocated or designated for specffic purposes by trustees. The use of de5ign?te(I funds remains at
the dIsC￿tion of the trustees.
Restrfcted fvnds are fijnds sublert to specific condltions Imposed by donors. Thè purp)5e and use ofthe
restrlcted funds are set out in the note5 to the finandal statem￿ts. Arn(NJnts unspent at the yearend
are carrled forward in the balance sheet.
INCOME FROM INVE5TMENT5
Total
2023
Totsl
2022
funds
fvnds
Rent re¢eivable ut)der operating leases
Income from Invesiments listed on
reeognlsed stock exchan8e in the UK
139,710
139,710
129,929
11.366
11.366
11,067
151.076
ISl,076
140,996
STAFF COSTS & GIF￿N-KIND
The charfty Iloes not employ any staff or incur any staff costs.
All the work ofthe chartty Is undertaken by the trL￿ee5. who arethe key mana8ement personnel of the
eharfty. Trustees a￿ not rèmunerated for thÈir services but arè reimbursed for expenses incurred
personally on behalf of the ch8rity. In 2023. one trustee was relmbursed £191 for meetln8 expense5
12022-. one trustee totallin8 £650 for a grant award paid personallvl.

16
TWICKENHAM PAROCHIAL5CHOOiS
NOTES TO THE FINANCIAL5TATEMEKfs (Continued)
for the year ended 30June 2023
RAISING FUNDS
Unrestrthd Re#rScted
nd5
funds
Totsl
Total
2022
Property rnarntenan￿ and Insuran
36￿14
36.814
34,687
PROVISION OF SCHOIX FAULMÉS
Tatsl
2023
Tot•1
2022
lunds
Contribution to S￿￿￿1 tscllltles under
PFI agreemènt
School bud8et supplement Items
7.868
74,346
7,868
76,750
7,695
76,479
Support and governance ¢osts (see nots 61
4.975
4,975
4,735
87.189
89,593
88,909
SUPPORT ANO GOVERNANCE COSTS
Sw>port Gov•rn*nce
Totsl
2023
Tot•1
2022
Independent examlnailon fees
Bank char8es
Trustees, liability insurance
Le831 fees
Ot￿r
IIB
1,017
118
1,017
L017
4,857
4,975
4,735

17
TWICKENHAM PAROCHIAL SCHOOLS
NOTES TO THE FINANCIAL STATEMENTS {Corrtlnuedl
for thè year ended 30 Junè 2023
Ir4VEsfMEpirs
Totsl
2023
Total
2022
Market value as at l Juty 2022
Disp05als in year
Unreali5ed gain5lllossesl
401701
185,479)
11,083
3.160,￿) 3,562,701 3.583,509
185.4791
11.083
120,8081
Market value a5 at 30 June 2023
328.305 3.1fAj,￿) 3.488.305 3,562,701
Historlol cost as at 30 June 2023
17.422
349.931
367.353
412.762
The tharws Investment propertles are used to 8enerate rent receivablè undèr operatiTr8 leasès. The
arrying value of the investment propertie5 is reviewed annually by the board of trustees, and
amendments to the estimated market value are recognised In the flnandal statement5 as appropriate.
The portFolio was last professlonally valued in 2019. The trustees do not ¢on51der there to have been
any materlal change to the overnll market value of the portfollo from that previousty ststed durlng the
year.
2023
2022
At the b•l•rKe Sheet date. the M#rk￿ v•lue of the Investments
115ted on a recognlsed stock exchange in the UK comprlsed:
30 June 2022.. 54,41KJ.14 CAF UK Èquity
Fund B unlts
17,422.90130June 2022: I7.422.￿> COIF chafftles
investment fund- income units
85,479
328.305
317,222
328,305
402,701
CREDITORS
2023
2022
Amounts fallln8 due wfthln ¢ne year..
Accruals
73.759

18
TWICKENHAM PAROCHIALSCHOOLS
NOTE5 TO TrIE FINANCIALSTATEMEiifs (Continued)
for the year ended 30June 2023
THE FUNDS OF THE CHARITY
Tr•nsfer
Galn oth betwthn
In(ome Exp•ndltur¢ In¥estm•nts
fvnds
ljufy
30 June
2023
RKtrkted fvnds:
School Facilitses
Fund
12.4041
Unrestrlcted lunds:
Duign*ted
Sch¢￿1 Chaplaln
35.OC(I
35.1XXI
UDdeslgn•¢ed
General Fund
3.544,187
151.076
1124,CKI31
15.854
I35,(￿> 3,552,114
3.546.591
151,076
1126.407)
15,854
3.587,114
Tr•nsf•r
Loss on between
fvhds
ljuly
2021
30June
2022
Restrlcted lunds:
Sch¢x*l F•cilitles
Fund
2.401
Unrestrlrt•d luo)dL"
Undesfvt
General Fund
3.547,595
140.996
1123.596)
120,8081
3.544,187
3.549.999
140,996
1123,5961
120,W8
3,546,591
The S¢hool Fadlltles Fund wa5d05ed In the year. It had histrffically been used to collertthe fund5 ra15ed,
which have been donated ￿ contributed to the charity by supporters of St Marfs Prlmary School,
Twickenham. Thè hAnds were paid to the sthool to cover si8nlflcant items tsf expenditu￿ r￿Uired by it,
whlch are not otherwise or fulty funded by the Local educatlon Authorlty. the Department for Educatlon
or the London Diocesan Board for School>
Durin8 the year the tn15tee5 agreed to contrlbuie to the cost of establishln8 an as￿Stafit clergy Post at
St Mary The Virgin Twitkenham wrth the intention that the appointee also acts as school chaplain.
Intervlews were undertaken and an offer was made to one of the applicants. However, the post was
not filled. Recognising the monetary value of the pl￿e made. £35.(IX) has been transferred to an
unrestricted des￿nated fund set up forthls purpose.
Included within the General Fund are net ijnrealised Eains arisin8 on thè revaluation of the tharivs
Investment assets totalling £3.120.952130June 2022.. £3.149.9391.

19
TWICKENHAM PAROCHIAL SCHOOLS
NOTES TO THE FINANCIALSTATEMENTS (Continuedl
forthe year ended 30June 2023
io.
ANALYSIS OF NEfA55ET5 BETWEEN FUNDS
Net
wrrent
assets/
Illabllltlesl
Flxed
Total
As at 30June 2023:
Restrlrt•d funds:
School FacSlltles Fund
UnrestrlctÈd undeslgnated funds:
General Fund
3.488.305
63,809
3,552,114
Unrestrlrted deslgnatsd fund$:,
School Chaplaln
35,000
3501)0
NET ASSET5
3.488.305
98.809 3,587,114
Net
¢urr•nt
Flxed
&￿ets/
assets {Ilablllt1051
Totsl
As at ao Jun• 2022:
Restrktèd Income funds:
School Facllltles Fund
Unrestrlcted Income fvnd&'
General Fund
2,404
2,404
3,562,701
118,5141 3,544,187
NET ASSÉTS
3,562.701
116.1101 3,546,591
ii.
AGENCY ARRANGEMENTS
The charlty owns the freehold of the land and bu51dings at two of the three 51te5 used by St Mary's
Church of England Primary School, Twickenham.
In June 2TrJ2 the trustees entered into a eo-operatlon agreement wlth The Mayor and 8ur8esses of The
London 8orouKh of Rithmond Upon Thames (the authority) and the London Diocesan Board for Schools
to secure the de518n, constructlon, flnancln8 and rnalntenance of those two sites for a period of 30 yea
to 28 June 2032. At the same time, the authority entered Into a prlvate flnance Inltiative (the PFI
a8reementl with Rlchmond Upon Thames Sch¢)015 Services Llmlted (the PFI provider). Under the ttrrns
of the co-operatlon agreement, the charlty has granted the PFI provider wlth 30-year lease5 over the
two sites.
During the year. the charlty, acting in Its capacity as agent on behalf of the avthority. applied for and
received further fundrng from the Department for Edutation amountln8 to £596.42212022.. £596,422)
and paid it to the authority who in turn pay5 the PFI provider.

20
IWICKEfiHAM PAR(KHIAL SCHOOLS
NOTESTO THE FINANCIAL STATEMEIIT5 (Continued)
for the year ended 30 June 2023
12.
REIATED PARTYTRANSAcfioN5
The work of the Charity is Integral￿ linked to the operations of St Marfs Primary School. Twickenham.
As such, the trustees work (k￿lyWith the b04rd of governors of the xthool and the head teacher. who
is currently Ms A Abrahams.
DuTlng the year. the charlty was represented on the b)ard of governors of the school by The Rev'd R J
Hopkin Williams.
There were no other ￿lated party transactions to be disclosed for the current or prevlous year.
13.
OPERATING LEASE COMMifMEpifs
The charlty operates as a lessor Sn relatlon to its investment Propert￿ that are tenanted on a short
leasehold basis arid produce rentsl IrKome. At 30 June 2023. the future minimum lease payments
reeeivable by the charity underthe non-cancellable element of its op•ratTrn8 l•aws with its tenants was
as follows..
2023
2022
Due In not later than ont year
68,0