Charity Number: 312282
TWICKENHAM PAROCHIAL SCHOOLS
TRusfEES' ANNUAL REPORT & UNAUDrrED FINANCIAL sfATEMENTS
30JUNE 2024

TWICKENHAM PAROCHIAL SCHOOLS
TRUSTEES, ANNUAL REPORT
for the year ended 30 June 2024
The trustees present their report and the fin3n¢ial statements of Twickenham Parochial Schools for the year
ended 30 June 2024.
The financial statements have been prepared in accordance with the accountin8 policies set out in the notes to
the financial statements and comply with the Charities Act 2011, the governing document of the charlty, and
Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing
their financial statement5 in accordance with the Financial Reportin8 Standard applicable in the UK and Republic
of Ireland IFRS 1021 (effective l January 2019).
OBJEcfivES AND AcrivmE5
Charltable objective5
Twickenham Parochial Schools was originally set up as a trust in June 1861 for the purpose of buildin£ a school
and providing education for the children of the Parish of Twld(enham.
The recorded object of the charity at the Charity Commission is to advance the education of the pupils at St
Mary's Church of England Prlmary School In the Parish of Twickenham in accordance wlth the prlnciples of the
Church of England by..
Providing and maintaining the buildings used by the sthool; and
Providing or assisting in the provision of educational. recreational and other charitable facilities not required
to be provided by the local authority.
Charltable actlvltles
In furtherance of the Trusvs charitable objert. the trustees apply the chariVs funds in the following ways".
By providing grants to meet educational costs of the school not funded by the Local Education Authority
including the provision of specialist support staff.
Funding toward5 the general maintenance of properties owned by the charity that comprise the school
premises.
Providing the contracted contribution necessary on capital projects undertaken by the Department for
Education (DfEI and the London Diocesan Board for Schools ILDBS) for improvements to the school as
authorised by the board of governors of the school.
Ensuring that adequate funds be available should expenditure by the school not funded by the Local
Education Authority, the DfE or the LDBS, be necessary.
The trustees entered into a co-operation agreement dated 27 June 2002 with The Mayor and Burgesses of The
London Borough of Richmond Upon Thames 1.the authoriv) and the LDBS to secure the design, construction,
financing and maintenance of the two site5 that comprised the school as at that date for a period of 30 years to
28 June 2032.

TWICKENHAM PAROCHIAL SCHOOLS
TrUSTEES' ANNUAL REPORT (Continued)
for the year ended 30 June 2024
The authority entered into a private finance initiative ("the PFI agrÈernenV} with Richmond Upon Thames
schools 5ervlces Limiied l~Ihe PFI providef)- Under the term5 of the Co￿peratIon a8reernent, the charlty ha5
granted the PFI provider a 30-year leases over the school premises at Amyand Park Road and Orleans Park,
Richmond Road. The school premises at Strafford Road is not within the PFI agreement and is funded directly by
the authority-
The charity acts as agent on behalf of the authority to collect the annual capital expenditure payment owed to
the PFI provider by the DfE.
Indicators, milestones and benthmarks
The trustees view the continuin8 5ucce55 Qf the school, the use of its facilities and the degree to which their
contrlbution to the provision. rna1ntenan￿ and upgradlng of those facllltles has been part of the 5chool'5 success
as the key measure of their performan￿.
Public benefit
The trustees have taken The Charity Commission's general guidance on publlc beneflt (contalned within the
recently revised guidance publication °Charities and Public Benefit") into consideration in preparing their
statements on public benefit contained within this trustees, annual report.
Benefits and beneficiories
The charity continues to assist with the provision of primary education by supporting and maintainin8 the school
facilities at St Mary's Primary School's three sltes In Twickenham and by providin8 ad hoc fundin8 to the school
for educational costs not funded by the local education authority. The charitrfs principal beneficiaries are
therefore the school's pupils and, indirectly* members of the local community who implicitly derive some benefit
from the work of the charity because of the existence of the school.
Trustees, assessment of public benefit
The trustees use the indicators. milestones and benchmarks referred to above to measure the succe55 of the
charity in terms of delivery of pub5ic benefrt and they are satisfied that the charity continues to benefit the public
throu8h its targeted charitable activities.
Relationships wlth related parties and representation on other bodies
The work of the charity is integrally linked to the operations of St Marfs Primary School, Twickenham. The
trustees work closely with its board of govemors and with the head teacher. Ms Angela Abrahams.
The charity is currently represented on the board of govemors of the school by The Rewd R J Hopkin Williams.

TWICKENHAM PAROCHIAL SCHOOLS
TRUSTEES, ANNUAL REPORT (Continued)
for the year ended 30 June 20Z4
ACHIEVEMENTS AND PERFORMANCE
Activitles and events
The trustees continue to support various school actlvitles, projects and initiatives throughout the year.
The trustees recelved funds from the DfE and pald the same to the London Borou8h of Richmond upon Thames
{"the Borough-l, on behalf of the developer, as part of the capital cost of the PFI Contract for the bulldlng and
refurbishment of the school premises entered into in 2002. They also funded their assessed annual contribution
payable to the authority for the 'life cycle. costs of anticipated major repair5 and renewals of the premises.
The post of school chaplain remained vacant throughout the year. However, the trustees are pleased to
announce that an appointment was made in July 2024 in time for the start of the next academic year a school
chaplain. The trust has a8reed to provide suitable accommodation for use by the chaplain in lieu of a monetary
contribution.
Impart of actlvttles and events
The teachers and pupils continue to benefit from the upgraded premises provided through the PFI contract. and
to enjoy and make 8ood use of the extra space around the junior site acquired as part of the PFI A8reement for
sport and recreation purposes.
Extra support staff were appointed to asslst with the need5 of chlldren wlth learnln& physlcal or behavloural
difficulties. using funds provided by the trust.
FINANCIAL REVIEW
Flnanclal results of actlvltles and events
The charitls income for the year comprised £145,000 of rental income and £10,000 of investment income
compared with £140,000 and £ll.(KIO in 2023.
Total expenditure for the year was £122,00012023: £126,000). £75,Crf)O was spent on grants made to support
the work of the school. £8.￿0 on the trust's PFI Life-cycle cost contribution. £32,000 on the maintenance.
insurance and management of the trusvs investment properties and £6,000 on support and 8overnance costs
12023: £76,000, £8,000, £37,000 and £5,(XK) respertively).
Support & governance costs includes the purchase of professional indemnity insurance for the trustees to cover
their work as trustees. The cost of the premium for this amounted to £1.090 {2023: £1,017). The policy provides
cover of up to £1 million in respect of any one claim.
The eharlty actlng In Its ¢apa¢ity as agent on behalf Of the London Borou8h of Richmond vpon Thames {"the
authoriW} applied for ar7d received funding frorn the DfE amounting to £627,OW12023: £610,000). The same
was paid to the PFI provider via the authority.

TWICKENHAM PAROCHIAL SCHOOLS
TRUSTEES, ANNUAL REPORT Icontinued)
for the year ended 30 June 2024
Reserves pollcy
At 30 June 2024. the charity had free reserves of £3.646.478 held in the General Fund (2023.. £3.587.1141. There
was no restrlcred fund {2023' Nil).
To ensure ad@quat@ funds are available should expenditure by the school, not funded by the Local Authority, the
DfE or the LDBS, be seen as necessary or highly desirable, the trustee5 are careful to conserve the value of the
charltvs funds. In line with the trustees, general approach to risk, a significant portion of the chariVs funds are
held as lon8-term investments in property, where security and a steady growth in rental values in excess of
general inflation is regarded as preferable to maximising any short-term gain to be earned from selllng.
The level of the charStVs reserves and the balance between short and long-term investment was once again
reconsidered in the light of the trustees, risk assessment exercise and was considered to still be satisfactory.
Investments policy
The Declaratlon of Trust 8lves the trustees the power to invest the assets of the charlty In such a manner as they
see fit. In practice, the trustees hold the free reseNes of the charity in investment properties. In low risk listed
investments and in bank deposit accounts.
The charity's investment properties are residential in nature, located in Twickenham and are let at prevailing
market rents applicable at the time the lettin8 is agreed.
The charit¢s listed investment comprises its holding in the COIF Charities Investment Fund - income units. By
investing in this way, the trustees seek to benefit from the fund's published social, ethical and environmental
investment policies.
During the year. the net income returned on the charit(s investment assets amounted to £121.00012023'.
£114,000). The market value of the charivs listed investments increased in value by £26,000 during the year
(2023 increased by £16,CQOI.
The trustees are satisfied with the performance of the charitvs investment assets for period under review.

TWICKENHAM PAROCHIAL SCHOOLS
TRUSTEES, ANNUAL REPORT {Continued)
for the year ended 30 June 2024
STRucfuRE, GOVERNANCE AND MANAGEMENT
Status and hlstory
Twickenham Parochial Schools was originally set up as a trust in June 1861 for the purpose of buildin8 a school
and providing education for the children of the Parish of Twickenham conducted °according to the principles of
the Established Church throughout England and WaSes". The original trust became a registered charity on 10
March 19713nd is still governed by the rules and regulations Set down in its Declaration of Trust dated 6 Jun&
1861.
Or8anisational structure
The over311 strategic dlrectlon of Twlckenham Parochlal Schools is determlned by the trustees, who aro the key
mana8ement personnel of the charity and who are also responsible for the day-to-day mana8ement of the
charity. The trustees work closely together and hold meetin8s on a regular basis.
The Treasurer looks after the day-to-day administration of the charty. In clrcumstances where decisions need to
be made between trustees. meeting dates. informal discusslons take place either face-to-face, over the
telephone, or by e-mail. The decisions SO taken are ratified at the next trustee5 rneetin8.
Method of recrultmen( appolntment. electlon. Inductlon and tralnin8 of trustees
Recrultment
The trustees perlodically consi(fer the approprlate mix of skills and experience needed on the board to manage
the charity and look to maintain this mix as and when a vacanoi arises.
Appointment and election
The Vicar of Twickenham Parish Church, St Mary the Virgin. automatically assumes the role of trustee upon
appointment, and for so long as the post is held.
The Churchwardens of Twickenham Parish Church, St Mary the ITirgin are appointed trustees of the charity when
they are appointed Churchwardens and remain trustees for as long as they continue in this post. Retiring
Churchwardens may be invited to remaln a trustee by the other trustees.
The trustee5 have the power to elett anyone else to become a trustee, as and when they see flt. Trustees so
appointed generally serve for an initial term of 4 years and can be re-elected for a further term of 4 year5 before
being required to stand down for a least l year before becoming eligible to be appointed again. The trustees
mayi at their discretion, waive this requirement if It 15 in the interest of the Trust to do 50 and to ask the retlrlng
trustee if they are willing to be re-appointed.
Induction and trt7ining
The role and responsibilities of a trustee are explained to all new trustees by the existing trustees upon
appointment. Thereafter, all individual trustees are given the opportunity and are actively encouraged to go on
courses at any time to suit their needs.

TWICKENHAM PAROCHIAL SCHOOLS
TRUSTEES, ANNUAL REPORT {Continuedl
for the year ended 30 June 2024
Risk and ¢orporate governance matters
The Trustees have reviewed the chariws activities to identify and assess the major risks it faces. Having assessed
the major risks, the Trustees believe that by monitoring reserve levels. by ensurlng controls exlst over key
flnanclal systems, and by examining the operatlonal risks fared by the charity, they have established effective
systems to mltlgaie fhose rlsks. In Ilne with the requlrements for Trustees to undertake a risk a55essment
Èxertise and report on the same in their annual report. theTrustees have looked at the risks the charity eurrentlv
faces, identifying three main areas where risks may arise:
Management and 6overnance
Flnanclal
Laws, regulations, external and environmental
Management and governance consider the rlsk of the charity suffering from a lack of direction, the skills and
tralnlng of its trustees, and the good use of Its resources.
Financial risks include those resulting from poor budgetary control. inappropriate spendin& poor investment
advlce and poor accounting.
Laws, re8ulations, external and envlronment look at the effect5 of government policies, the consequence5 of
non-compliance with the laws and regulations and poor rlsk assessment.
Tru5tees' re5pon51bllltles In the preparatlon of flnanclal statements
The trustees are responsible for preparing the trustees, annual report and the financial statements in accordance
with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Prarticel.
The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each
financial year, which give a true and fair view of the State of affairs of the charity and of the incomin8 resources
and application of resources of the charity for that period. In preparing these financial statements. the trustees
are required to..
selert Suitable accountin8 policles and then apply them con515tently.
observe the methods 2nd principles in the Charities SORP.
make judgements and accounting estimates that are reasonable and prudent.
state whether applicable UK Accounting Standards have been followed subject to any material departures
disclosed and explained in the financial statements.
prepare the financial statements on the golng cOn￿M basis unless It is inappropriate to presume that the
charity will continue in business.
The trustees are responsible for keeping proper accounting records that disd05e with reasonable accuracy at any
time the financial position of the charity and enable them to ensure that the finanaal statements comply with
the Charities Act 2011. the Charity (Accounts and Reports) Regulation5 2008, and the provisions of the Trust
Deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps
for the prevention and detection of fraud and other irregularities.

TWICKENHAM PAROCHIAL 5CHOOL5
TRUSTEES. ANNUAL REPORT (Continued)
for the year ended 30June 2024
Independent examiner
Kerry Gallagher FCA DChA of RSM UK Tax and Accountin8 Limited has indicated her willin8nes5 to continue in
office.
Statement as to disclosure of inft¥rmation to the independent examiner
The trustees at the date of approval of this trustees, annual report confirm that so far as each of them is 3w3re,
there is no relevant information of which the charit¢s independent examiner is unaware. and the trustee5 have
taken all steps that they ought to have taken to make themselves aware of any relevant Information and to
establlsh that the Independent examiner Is aware of that informatlon.
REFERENCE AND ADMINisfRATIVE DEfAILS
By a se31ed order of the Charity Commissioners for England and Wales dated 13 May 2002, the trustees of
Twlckenham Parochial Schools were granted a certificate of incorporation as a body corporate by the name of
The Trustees of Twlckenham Parochlal Schools. Therefore, the official trustee of the charlty Is the body corporate
which since l July 2023 has comprised the following individual trustees who all served throughout the year unless
stated otherwlse:
The Rev'd R J Hopkin Williams- Vicar
Mr M Austin
Mrs M Mence- Church Warden
Ms B H A Williams- Church Warden
Mr S Tetley- Church Warden
Mr D AArthur
Mr H D Clark
MsKCox
Mrs C West
Ms L Prior
Chairman
Treasurer & Charity Correspondent
Retired 28 April 2024
Appointed l July 2024
Resigned 4 December 2023
Appointed 4 December 2023
Resigned 19 March 2024
The principal addre55 of the charity 15 the address of the charivs correspondent Mr M Austin, 2 aifden Road,
Twickenham, Middlesex TWI 4LX. The charity is registered underthe charity number 312282.
The trustees have made the following professional appointments:
Sollcitor:
Blanchards Balley LLP, Bunbury House. Stour Park, Blandford Forum.
Dorset DTII 9LQ
Independent Examiner:
Kerry Gallagher, FCA DChA of RSM UK Tax and Accounting Limited,
Davidson House, Forbury Square, Readin& Berkshire RGI 3EU
Bankers:
Barclays Bank plc. Richmond and Twickenham Branch. PO Box No 13. Richmond,
Surrey Twg uu
Chartered Surveyors:
Milestone & Collis Ltd. 40 Church Street. Twickenham. Middlesex TNI 3NR

TWICKENHAM PAROCHIAL SCHOOLS
TRusfEES' ANNUAL REPORT (Continued)
for the year ended 30 June 2024
FUNDS HELD AS CUSTODIAN
The charity does not currently hold, and the trustees do not anticipate that it will in the future hold, any funds
as custodian for any third party.
Thls report was approved by the trustees on 2 December 2024. and was signed for and on behalf of the board
by
. Treasurer
M Austin

INDEPENDENT EXAMINEWS REPORT TO THE TRusfEES OF TWICKENHAM PAROCHIAL SCHOOLS
I report to the trustees on my examination of the financial statements of Twickenham Parochial Schools (the
charity) for the year ended 30 June 2024, which are set out on pages 10 to 20.
RESPONSJBILrriES AND BASIS OF REPORT
As the trustees of the charityi you are responsible for the preparation of the financial statements in accordance
with the requirements of the Charities Act 2011 (the 2011 Att).
I report in respect of my examination of the charl￿$ financial statements carrled out under section 145 of the
2011 Att, and in carrying out my examination, I have followed all the appllcable Directions given by the Charity
Commission under section 145 (5llb} of the 2011 Act.
An independent examination does not involve gathering 311 the evidence that would be required in an audlt and
consÈquently does not cover all the matters that an auditor considers in 8ivin8 their opinion on the financial
statements. The planning and conduct of an audlt goes beyond the limited assurance that an Independent
examination can provide. Consequently. l express no opinion as to whether the financial statements present a
'true and fair view, and my report is limited to those specific matters set out In the independent examiner's
statement.
INDEPENDENT EXAMINER'S STATEMENT
I have completed my examlnatlon. I confirm that no materlal matters have come to my attentlon, In connettion
wlth the examination, giving me reasonable cause to believe that in any material respect:
accounting records were not kept In respett of the charity as requlred by Section 130 of the 2011 Act,. or
the financial statements do not accord with those records: or
the financial statements do not comply with the applicable requirements concernin8 the form and content
of financial statements set out in the Charities (Accounts and Reports) Regulations 2008. other than any
requirement that the financial statements give a 'true and fair view. which is not a matter considered as
part of an independent examinatlon.
I have no concerns and have come across no other matters In connettlon with the examlnation to which attention
should be drawn in thls report in order to enable a proper understanding of the financial statements to be
reached.
K6rry fjallagh$r
Siened:
Name: Kerry Gallagher, FCA DChA
Name of applicable listed body: The Institute of Chartered Accountants in England and Wales
Relevant professional qualification or membership of professional body: Chartered Accountant
On behalf of RSM UKTAX AND ACCOUNTING LIMITED
Chartered Accountants
Davidson House. Forbury Square. ReadinL Berkshire RGI 3EU
10/12/24
. 2024

io
TWICKENHAM PAROCHIAL SCHOOLS
STATEMENT OF FINANCIAL ACTivrriES
for the year ended 30 June 2024
2024
Unrestrltted
funds
2023
Total funds
Notes
INCOME FROM:
Investments
155,017
151,076
TOTAL
155,017
151,076
EXPENDITURE ON:
Raising funds
Charitable activities-
Provlslon of School facilitles
{32.243)
136.8141
{88,4921
189,5931
TOTAL
(120.735)
1126,4071
Galn on Investments
26,108
15,854
NET INCOME
60,390
40,523
Transfer between funds
NEfMOVEMENT IN FUNDS
60.390
40.523
RECONCILIATION OF FUNDS:
Total funds brought forward
at l July 2023
3,587,114
3,546,591
TOTAL FUNDS CARRIED
FORWARD AT 30 JUNE 2024
io
3.647.504
3.587.114

11
TWICKENHAM PAROCHIAL SCHOOLS
STATEMENT OF FINANCIAL AcrivrriES
for the year ended 30 June 2023
2023
2022
Unre5trlcted
Restrlcted
Totsl
Total
funds
funds
Notes
INCOME FROM:
Investments
151.076
151.076
140.996
TOTAL
151,076
151,076
140,996
EXPENDITURE ON:
Raising funds
Charitable artlvlties -
Provision of school factlities
136,814)
(36,814)
(34,6871
187.189)
(2,404)
189,S93}
{B8,9091
TOTAL
1124,003
{2,404
1126,4071
{123,596)
Gain/{lossl on investments
15,854
15.854
(20,8081
NEf INCOMEI(EXPENOITURE)
42.927
40,523
13,408)
Transfer between funds
N￿MovEmENT IN FUNDS
42,927
(2.4041
40,523
{3,408)
RECONCILIATION OF FUNDS:
Total funds brought forward
at ljuly 2022
3.544,187
3,546.591
3,549,999
TOTAL FUNDS CARRIED
FORWARD AT 30 JUNE 2023
3.587.114
3.587.114
3,546.591

12
TWICKENHAM PAROCHIAL SCHOOLS
BALANCE SHEEr
as at 30 June 2024
2024
2023
Notes
FIXED ASSErs
Investments
3.514.413
3.488,305
CURRENT AS5EtS
Cash at bank and in hand
208,598
1,026
209.624
172,604
Debtors
172,604
CURRENT LIABILMES
Creditors.. Amounts falling due within one yÈ3r
(76.533)
{73,7951
NET CURRENT ASSErs
133,091
98,809
Total assets less current Ilabllltles
3,647,504
3,587,114
TOTAL NET ASSET5
3,647,504
3.587.114
FUNDS OF THE CHARITY
Unrestricted income funds
General Fund
io
3,647,504
3,587,114
TOTAL FUNDS
li
3,647,504
3.587.114
The financial statements on pages 10 to 20 were approved by the tnjstees and authorised for bssue on
2 December 2024, and are Signed on their behalf by-
re
surer
In
lams
M Austin

13
TWICKENHAM PAROCHIAL SCHOOLS
NOTES TO THE FINANCIAL STATEMENrs
for the year ended 30 June 2024
ACCOUNTING POUCIES
Basis of accountlng
These financial statements have been prepared in accordance wlth FRS 102 The Financial Reporting
Standard applicable in the UK and Republic of Ireland" and under the historical cost convention, except
as modified for the annual revaluation of fixed a55et investments. includin2 certain financial instruments
being carried at fair value.
Within the definitions of FRS 102. the charity Is a public benefit entity.
The flnanclal statements have a150 been prepared In accordance with the accounting policies set out in
more detail below and comply with the Charities Act 2011. the goveming document of the charity. and
Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities
preparing their financial statements In accordance wlth the Financial Reporting Standard applicable in
the UK and Republic of Ireland {FRS 102) (effective l January 2019), referred to as the Charities SORP
{FRS 102}.
The charlty has adopted the Charltles SORP {FRS 1021 rather than applying the Charities 2¢)05 SORP
which has been withdrawn but is still referred to in the extant Charities (Accounts and Reportsl
Regulations 2008. This departure is necessary for the financial statements to show a true and fair view
in accordance wlth United Kingdom Generally Accepted Accountlng Practice effective for accounting
periods beginning on or after l January 2019.
Golng concem
The trustees have reviewed the financial forecasts for the charity and have reviewed its anticipated
income and expenditure commitments for a period of at least trwelve months from the date of approval
of these financial statements. The trustees believe that the charity has adequate resources to continue
in operational existence for at least the next twelve months meet its liabilities and obligations during
that period as they fall due. For that reason, the trustees continue to adopt the going concern basis in
preparing the financial statements.
Income
General donations and other similar types of voluntary income are brought into atcount when
recelvable. Donated income is included gross of any attributable tax recoverable, where relevant.
Donations given for specific purposes are treated as restricted income.
Investment income comprises rents receivable under operating leases on the charivs investment
properties, deposit account interest and dividend income. Income is accounted for on a receivable basis,
once the rental income has been earned, the dlvidend has been declared or the deposlt InTere5t pald.

14
TWICKENHAM PAROCHIAL SCHOOLS
NOTES TO THE FINANCIAL STATEMENTS (Continued)
for the year ended 30June 2024
ACCOUNTING POLICIES (Continued)
Expendlture
Expenditure is allocated to the charitvs principal activity wherè the ¢ogts can be idèntified as bein8
directly related to that activity- Costs that cannot be identified in this way are categorised as either
fundraising costs, support costs or governance costs. Any costs that cannot be specifically categorised
are allocated In proportlon5 based upon a sultable ratio applicable to the nature of the cost involved.
Grants payable are reco8nised in the period in which the approved offer is conveyed to the recipient
except in those cases where the offer is conditional, such grants belng recognised only when the
conditions attaching to the award are fulfilled. Grants offered subject to conditions, which have not
been met at the balance sheet date, are noted as a potential commitment, but are not treated as a
Tanglble fixed assets
The charity own5 the freehold of the land and building5 of two of the three sites occupied by St Mary's
Church of England Primary School. Twickenham 1.the school"l-the infant site located at Amyand Park
Road and thejunlor slte at Orleans Park, Richmond Road. The freehold land and buildin85 are inalienable
and hlstoric assets and are carried in the accounting records of the charity at a book value of £Nil.
Thls accounting treatment is considered to be appropriate since the balance of the risks and rewards of
ownership of those assets rest with the school and its sponsoring local authority, The Mayor and
Burgesses of The London Borough of Richmond Upon Thames, rather than with the charity.
Investments
The charitvs investments are included in the balance sheet at fair value (their market value) and the
gains or1055es arising upon their annual revaluation included in the statement of financial activities. The
market value of investment propertle5 is reviewed and determined annually by the board of trustees.
Listed investments are valued by reference to their quoted bid value at the balance sheet date.
Financlal Instruments
A financial instrument is a contract that give5 rise to a financial asset of one entity and a financial liability
or equity instrument of another entity- Financial instruments are therefore classified and accounted for
according to the substance of the contractual arrangement as either financial a55ets. financial liabilities
or equity instruments. An equity instrument is any contract that evidences a residual interest in the
assets of the entity after deducting all of its liabilities.
Flnancial assets and liabllities
The charitvs debtors and credttors that meet the definition of either a financial asset or a financlal
liability are initially recognised at the transaction value and thereafter are stated at amortised tost usinE
the effective interest method.

15
TWICKENHAM PAROCHIAL SCHOOLS
NOTES TO THE FINANCIAL STATEMENTS (Continued)
for the year ended 30 June 2024
ACCOUNTING POUCIES (Continued)
Fund accountln8
The General Fund comprises the accumulated surpluses of unrestricted income over expenditure. which
are available for use in furtheran￿ of the general objective of the charity.
Deslgnated funds are a partlcular form of unrestricted funds consistlng of amounts, whlch have been
allocated or designated for specific purposes by the trustees. The use of designated funds remains at
the discretion of the trustees.
Restricted funds are funds subject to specific conditions imposed by donors. The purpose and use of the
restricted funds Ire set out in the notes to the financial statements. Amounts unspent at the yearend
are carrled forward In the balance sheet.
INCOME FROM INVESTMENTS
Unrestricted funds
Total
Total
2024
2023
Rents receivable under operating leases
Income from Investments listed on a
145,482
139,710
recognised UK stock exchange
9.535
11.366
155,017
151,076
srAFF COSTS & GIFfs-IN-KIND
The charity does not employ any staff or incur any staff costs.
All the work of the charity is undertakery by the trustee5, who are the key management personnel of the
charity. Trustees aro not remunerated fcffj their servlces but are reimbursed for expenses incurred
personally on behalf of the charity. In 2024, M Austin was relrnbursed £1,090 for insurance premiums
paid personally12023: M Austln £191 for meeting &xpenspA.}.

16
TWICKENHAM PAROCHIAL SCHOOLS
NOTES TO THE FINANCIAL STATEMENTS (Continued)
for the year ended 30 June 2024
RAISING FUNDS
Total
Total
2024
2023
Property maintenance & insurance
32.243
36.814
32,243
36,814
PROVISION OF SCHOOL FACILITIES
Total
Total
2024
2023
Contrlbution to school facllltles under
PFI agreement
School bud8et supplementary items
8,045
75,128
7,868
76,750
83,173
84,618
Support and governance costs (see note 6)
5.319
88,492
4,975
89,593
SUPPORT AND GOVERNANCE COSTS
Support
Governance
Total
Total
costs
costs
2024
2023
Bank charges
Insurance
119
119
118
1.090
1.090
4,110
1.017
3,840
Independent examination fees
4,110
4,229
1,090
5.319
4,975

17
TWICKENHAM PAROCHIAL SCHOOLS
NOTES TO THE FINANCIAL STATEMENTS {Continuedl
for the year ended 30 June 2024
INVESTMEpirs
UK Listed
Investment
Investments Properties
2024
2023
Market value at l Juty
2023
328.305
3.160.1JX)
3.488.305
3.562.701
Disposals
Unrealised gains
{85,4791
11.083
26.108
26.108
Market value at 30 June 2024
3S4,413
3,160,000
3,514,413
3,488,305
Historical cost at 30 June 2024
17,422
349,931
367,353
367,353
2024
2023
Market Value of UK listed investments comprise:
17,422.90 COIF Charity Fund Income
units12023 17,422.901
354,413
328,305
DEBTORS
2024
2023
Arnounts falling due within one year:
Prepayments
1,026
1,026
CREDrroRS
2024
2023
Amounts falling due within one year:
Accruals
76,533
73.795
76,533
73,795

18
TWICKENHAM PAROCHIAL SCHOOLS
NOTES TO THE FINANCIAL STATEMENtS (Continued)
forthe year ended 30June 2024
10 THE FUNDS OFTHE CHARITY
Transfer
between
funds
Galn on
l July 2023 Income Expendfture Investments
30 June
2024
Unrestrlrted Funds
Deslgnated:
School Chaplaln Fund
Undeslgnat•d:
General fund
35,000
59,000
94,000
3,552,114 155,017
(120,7351
26,108
(59.0001
3,553,504
3,587,114 155,017
(120,735)
26,108
3.647,504
Transfer
between
funds
Income Expendlture
Galn on
Investments
30 June
2023
l July 2022
Restrlcted Funds
School Facllltles Fund
2,404
{2,404)
Unrestrlcted Funds
Deslgnated:
School Chaplaln Fund
Undeslgnated:
General fund
35,000
35,000
3,544,187 151,076
1124,0031
15,854
{35,0001
3,552,114
3,546,591 151,076
126,407
15,854
3,587,114
The Sthool Facilities Fund was closed in 2023. It had historically been used to collect the fund5 raised.
whlch have been donated or contrlbuted to the charity by sUPPOrter5 of St Mary's Prlmary School,
Twickenham. The funds were paid to the school to cover significant items of expenditure required by it,
whil'h'are not otherwise or fully funded by the Local Educatlon Authority, the Department for Education
or the London Diocesan Board for Schools.
In 2023 the trustees agreed to contribute to the cost of establishing an assistant clergy post at St Mary
The Virgin Twickenham with the intention that the appointee is also appointed as school chaplain. A new
round of interviews for the position were carried out in 2024. A suitable candidate was identified, and the
post fulfilled in July 2024. As the post Is for an initial period of 3 years, £59.000 on the current yearfs
surplus has been added to the School Chaplain designated fund set up in 2023 to fund the estimated
financial commitment over this period.
Included within the General Fund are net unrealised 8ains arisin8 on the revaluation of the chariW5
investment assets totalling £3,147,060 (30 June 2023= £3.120.9521.

19
TWICKENHAM PAROCHIAL SCHOOLS
NOTES TO THE FINANCIAL STATEMENTS (Continued)
for the year ended 30 June 2024
li
ANALYSIS OF NEf ASSEfs BEnAIEEN FUNDS
Net
current
assets
Total
At 30 June 2024
Unrestricted Funds:
Designated:
School Chaplain Fund
Undesl8nated:
General Fund
94,000
94,000
3.553,504
3,647,504
3,553,504
3,647,504
NEf ASSETS
Net
urrent
assets
Total
At 30 June 2023
Unrestricted Funds:
Designated..
School Chaplain Fund
Unde51gnated:
General Fund
35.000
35,000
3,S52,114
3.587,114
3,552,114
3,587,114
NEf Assrrs
12
AGENCY ARRANGEMENTS
The charity owns the freehold of the land and buildings at two of the three sites used by St Marfs
Church of England Primary School, Twickenham.
In June 2002 the trustees entered into a co-operation agreement with The Mayor and Burgesses of The
London Borough of Richmond Upon Thames (the authority) and the London Diocesan Board for Schools
to secure the design. construction. financing and maintenance of those two sitès for a pèriod of 20 years
to 28 June 2032. At the same time, the authority entered into a private finan￿ initiative (the PFI
agreement) with Richmond Upon Thames schools 5errfices Limited {the PFI provider). Under the terms
of the ctroperation agreement, the charity has granted the PFI provider with 30-year leases over the
two sites.
During the year, the charity, acting in its capacity as agent on behalf of the authority, applied for and
received further funding from the Department for Education amounting to £627,46012023: £610,418)
and paid it to the authority who in turn pays the PFI provider.

20
TWICKENHAM PAROCHIAL SCHOOLS
NOTES TO THE FINANCIAL STATEMEMtS {Continued)
for the year ended 30June 2024
12.
RELATED PARTY TRANSAcfioNS
The work of the charity is integrally linked to the operations of St Matys Primary School, Twickenham.
A5 such, the trustees work c105ely with the board of governors of the school and the head teacher, who
is currently Ms A Abrahams.
Durlng the year, the charity was represented on the board of governor5 of the school by The Re¢d R J
Hopkin Williams.
There were no other related party tran53rtions to be dlsclosed for the current or previous year.
13.
OPERATING LEASE COMMITMEKrs
The charity operates as a lessor in relation to its investment propertles that are tenanted on a short
le35ehold basis and produce rental Sncome. At 30 June 2024. the future minimum lease payments
recelvable by the charity underthe non-cancellable element of it5 operating leascs with its tenants was
as follows:
2024
2023
Due in not later than one year
41,000
63,000