THE TIFFIN SCHOOL FOUNDATION
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves of £148,622 were maintained within the trustees' identified target range of £100,000 to £200,000. The charity reported a significant increase in total income to £1,347,693, driven largely by a major legacy donation, resulting in a net income of £1,115,392 for the year. Cash balances strengthened to £2,049,503, and the trustees confirmed no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The level of free reserves at the year-end of £148,622 was within the identified range of between £100,000 and £200,000 which is considered to be sufficient.” — page 7
“The Academy occupies land and buildings owned by The Foundation and The Foundation made grants to the Academy of £174,585 during the year (2023: £122,491). At the balance sheet date £15,653 (2023: £1,310) was due from The Foundation to the Academy.” — page 23
Year-over-year changes
- Reserves position vs the charity's own policy moved from "above" (FY2023) to "within" (FY2024).
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (29/01/2021)
Trustees
- Pip Phillip Phillipschair
- Anthony Millard
- Christopher O'Connell
- Gregory Nutt
- JAMES ANDREW TURNER
- JAMES HASLER-WINTER
- JOHN KELVIN LULHAM
- JOHN PAUL KING
- James Strong
- John Dickins
- Peter Geoffrey Church
- Simon Tupper
- Stuart Lester
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.3m | £258k |
| 31/12/2023 | £517k | £159k |
| 31/12/2022 | £343k | £159k |
| 31/12/2021 | £340k | £150k |
| 31/12/2020 | £363k | £873k |
Common questions
Is THE TIFFIN SCHOOL FOUNDATION financially healthy?
The accounts state that unrestricted reserves of £148,622 were maintained within the trustees' identified target range of £100,000 to £200,000. The charity reported a significant increase in total income to £1,347,693, driven largely by a major legacy donation, resulting in a net income of £1,115,392 for the year. Cash balances strengthened to £2,049,503, and the trustees confirmed no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were audited by HaysMac LLP.