TPS Realisations 2024

Registered charity 1157782 · accounts filings on the Charity Commission register · also known as PREBENDAL SCHOOL, THE PREBENDAL SCHOOL · filing overdue (register status)

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Latest income
£1.3m
Latest spending
£1.6m
Registered
2014
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity sustained a loss of £278,807 during the year, resulting in a significant reduction in its net asset position. Per the trustees' report, the charity sold its principal operational asset in April 2024 and has concluded that winding up is the best course of action as it no longer has ongoing activities. The current level of free reserves is stated to be sufficient to meet all obligations as the charity winds down.

What the accounts disclose

Going concern: noted by the trustees or auditor
As the charity no longer has ongoing activities or income-generating operations, and there are no plans to resume charitable activities, the trustees have concluded that winding the charity up is the best course of action.
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The Dean and Chapter of Chichester Cathedral
During the year the school paid £18,990 (2023: £64,010) of rent, and £nil (2023: £406) of insurance. The school also received £689 (2023: £199,783) from the Dean and Chapter for chorister fees, £3,666 (2023: £6,228) for piano lessons, and £689 (2023: £2,946) for out of term bed and breakfast for choristers. — page 30
A charity in which Mr J F Attwater is a trustee. During the year the school received £nil (2023: £20,647) for chorister fees. — page 30
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Chichester Cathedral Choristers Associations Scholarship Trust
During the year the school paid £18,990 (2023: £64,010) of rent, and £nil (2023: £406) of insurance. The school also received £689 (2023: £199,783) from the Dean and Chapter for chorister fees, £3,666 (2023: £6,228) for piano lessons, and £689 (2023: £2,946) for out of term bed and breakfast for choristers. — page 30
A charity in which Mr J F Attwater is a trustee. During the year the school received £nil (2023: £20,647) for chorister fees. — page 30
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Southern Cathedrals Festival Society
During the year the school paid £18,990 (2023: £64,010) of rent, and £nil (2023: £406) of insurance. The school also received £689 (2023: £199,783) from the Dean and Chapter for chorister fees, £3,666 (2023: £6,228) for piano lessons, and £689 (2023: £2,946) for out of term bed and breakfast for choristers. — page 30
A charity in which Mr J F Attwater is a trustee. During the year the school received £nil (2023: £20,647) for chorister fees. — page 30
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Richard Place Dobson Services Limited. Discloses 3 of 6 completeness components.

Structured financials (annual return, FY ending 31/08/2024)

Total income
£1.3m
Total spending
£1.6m
Reserves (reported)
£12k
Employees
33

Reported reserves equal ~0.1 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Register events

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: West Sussex

Income and spending

Financial year endIncomeSpending
31/08/2025
31/08/2024£1.3m£1.6m
31/08/2023£1.3m£1.7m
31/08/2022£1.5m£1.7m
31/08/2021£1.7m£2.3m

Common questions

Is TPS Realisations 2024 financially healthy?

The accounts state that the charity sustained a loss of £278,807 during the year, resulting in a significant reduction in its net asset position. Per the trustees' report, the charity sold its principal operational asset in April 2024 and has concluded that winding up is the best course of action as it no longer has ongoing activities. The current level of free reserves is stated to be sufficient to meet all obligations as the charity winds down. Its FY2024 accounts were audited by Richard Place Dobson Services Limited.