2020-08-31-accounts - Truro High School For Girls

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			Page
Reference and administrative		details
Annual Report ofthe	Trustees
Statement oftrustees'	responsibilities		20
Auditor's report			21
Financial statements:
Group Statement of financial		activities	24
Group and Charity Balance sheet			25
Notes to the financial	statements		26

Name		Truro High School	Truro High School	for Girls	for Girls
Trustees		Truro High School		for Girls Trustees (Company		registration
		No. 06156433)
Charity number		306577
Registered	office	Falmouth Road
		Truro
		TR1 2HU
Key management		Mrs SMatthews,		Headmistress
personnel		Miss D Freeman	BEd (Hons), Deputy Head Pastoral
		Miss A Ramsey	BEd (Hons), Head of Prep (resigned 31.8.20)
		Mrs K Hinks, Head		of Prep (appointed 1.9.20)
		Mrs S Budd, Bursar			5Clerk to the Governors
		Mrs S Lillicrap NCTJ, Director ofCommunications
Bankers		HSBC
		8Victoria Street
		London
		SWl OND
Solicitors		Pothecary Witham			Weld
		84 Eccleston Square
		Pimlico
		London
		SW1V 1PX
		Stephens Scown	LLP
		Osprey House
		Malpas Road
		Truro
		TR1 1UT
		Foot Anstey
		High Water House
		Malpas Road
		Truro
		TR1 1QH

Mrs	H E M Alleyne				Resigned 28September	Resigned 28September	2020	A, B,
The	Rev'd Canon	L M	Barley		Dean's nominative			A, B,
Mr	R Collett				Resigned 4	November	2019	A, C,
Mrs	A Eaves							A, B,
Mrs	C Haigh				Appointed	28 September 2020		A, C
Mr	A TJohnson				Safeguarding, Whistleblowing			A, B, C
Mr J Keast OBE					Chair, EYFS			A, B,
Mr	W Pellew-Harvey							A, C,
Mrs	A Ramsey							A, C,
Mr J FJTaylor MBE					Appointed	27 January	2020	A, B,
Mr	A J Thould				Appointed	24 February	2020	A, B, C
Key	to committees:
A			Governance		and Nominations Committee
B			Education	and Pastoral		Committee
C			Finance and		School Committee

			Unrestricted	Restricted	Endowment	Total	Total
			funds	funds	funds	2020	2019
		Notes		E	E	E	E
INCOME AND ENDOWMENTS FROM:
Donations and legacies			48,765	7,322		56,086	44,149
Charitable activities:
School fees			4,201,845			4,201,845	3,914,939
Other educational income			191,810			191,810	149,079
Other trading activities			60,677			60,677	123,936
Investments			663			663	1,417
TOTAL			4,503,759	7,322		4,511,081	4,233,518
EXPENDITURE ON:
Raising funds		9	(35,533)			(35,533)	(61,533)
Charitable activities		10	(4,198,490)	(7,339)	(33,397)	(4,239,226)	(4,304,141)
TOTAL			~4,234,023)	(7,339)	(33,397)	(4,274,759)	(4,365,674)
Net income/(expenditure)	before
investment gains/(losses)			269,736	(17)	(33,397)	236,322	(132,156)
Net gains/(losses) on investments
NET INCOME			269,736	(17)	(33,397)	236,322	(132,156)
Transfer between funds			(1,819)	(2,581)	4,400
NET MOVEMENT IN FUNDS			267,917	(2,598)	(28,997)	236,322	(132,156)
RECONCILIATION OF FUNDS:
Total funds brought forward			603,813	19,922	2,062,716	2,686,451	2,818,607
TOTAL FUNDS CARRIED FORWARD			871,730	17,324	2,033,719	2,922,773	2,686,451

			Group	Group	Charity	Charity
			2020	2019	2020	2019
		Notes	E	f	f	f
FIXEDASSETS:
Tangible assets		14	5,250,897	5,429,256	5,250,897	5,429,256
Investments		15			1	1
			5,250,897	5,429,256	5,250,898	5,429,257
CURRENT ASSETS:
Debtors: Due within	one year	16	69,096	72,144	88,989	119,764
Cash at bank and in	hand		1,043,347	892,399	1,006,701	828,370
			1,112,443	964,543	1,095,690	948,134
LIABILITIES:
Creditors: Amounts	falling due within one year	17	(1,365,632)	(1,436,121)	(1,348,880)	(1,419,714)
NET CURRENT (LIABILITIES)/ASSETS			(253,189)	(471,578)	(253,190)	(471,579)
TOTAL ASSETS LESS	CURRENT LIABILITIES		4,997,708	4,957,678	4,997,708	4,957,678
Creditors: Amounts	falling due after more than
one year		18	(2,074,935)	(2,271,227)	(2,074,935)	(2,271,227)
NETASSETS EXCULDING PENSION LIABILITY			2,922,773	2,686,451	2,922,773	2,686,451
TOTAL NETASSETS			2,922,773	2,686,451	2,922,773	2,686,451
THE FUNDS OFTHE CHARITY:
Endowment funds			2,033,719	2,062,716	2,033,719	2,062,716
Restricted income funds		20	17,324	19,922	17,324	19,922
Unrestricted funds
Property fund		20	898,348	736,684	898,348	736,684
Other designated funds			5,760	5,760	5,760	5,760
General fund		20	(32,377)	(138,631)	(32,377)	(138,630)
Total unrestricted funds			871,731	603,814	871,731	603,813
TOTAL CHARITY FUNDS			2,922,774	2,686,452	2,922,773	2,686,451

3	Donations and legacies	Donations and legacies	Donations and legacies	Donations and legacies	Donations and legacies		Unrestricted	Restricted	Endowment	Total	Total
							funds	funds	funds	2020	2019
							E	E	E	f	f
	Donations						1,000	7,322		8,321	44,149
	Government		Grants				47,765			47,765
							4S,765	7,322		56,086	44,149
4	School	fees					Unrestricted	Restricted	Endowment	Total	Total
							funds	funds	funds	2020	2019
							f	E
	Gross school		fees	chargeable			5,188,657			5,188,657	4,726,351
	Less:	Scholarships			awarded to pupils		(146,081)			(146,081)	(176,942)
		Bursaries		awarded to pupils			(461,102)			(461,102)	(382,432)
		Staff, sibling			and other discounts
		and	allowances				(379,630)			(379,630)	(252,038)
							4,201,845			4,201,845	3,914,939
	Add:	Bursaries		paid from restricted		funds
							4,201,845			4,201,845	3,914,939
5	Other	educational		income			Unrestricted	Restricted	Endowment	Total	Total
							funds	funds	funds	2020	2019
							E	E	f	E
	Fees charged		for	optional subjects and
	pupils'	extras					191,810			191,810	149,079
							191,810			191,810	149,079
6	Other	trading	activities				Unrestricted	Restricted	Endowment	Total	Total
							funds	funds	funds	2020	2019
							E	E	E		E
	Lettings income						4,756			4,756	6,774
	Income from subsidiary				trading activities (note 7)		55,921			55,921	117,162
							60,677			60,677	123,936

8	Investments	Unrestricted	Unrestricted	Restricted	Endowment	Total	Total
		funds		funds	funds	2020	2019
		E		E		E	E
	Bank and other interest		663			663	1,417
			663			663	1,417
9	Raising funds	Unrestricted		Restricted	Endowment	Total	Total
		funds		funds	funds	2020	2019
		E		E	E	E	E
	Cost ofsubsidiary trading activities	35,533				35,533	61,533
		35,533				35,533	61,533
10	Analysis ofexpenditure
						2020	2019
		Staff costs		Depreciation	Other	Total	Total
			E	E	E	E
	Raising funds:
	Fundrai sing costs	16,434			19,099	35,533	61,533
	Charitable activities:
	Teaching costs	2,051,979			192,915	2,244,893	2,312,640
	Welfare costs	99,796			309,216	409,012	459,443
	Premises costs	95,402		96,753	416,500	608,655	607,282
	Support costs	236,087		129,762	182,061	547,910	630,019
	Governance costs				98,469	98,469	62,972
	Charitable publicity costs	76,815			125,725	202,541	159,918
	Finance costs				127,745	127,745	71,868
		2,576,514		226,515	1,471,730	4,274,759	4,365,674
11	Governance costs
						2020	2019
						E	E
	Auditor's remuneration					14,602	9,270
	Other professional fees					13,402	3,180
	Governors' expenses					1,054	3,150
	Other costs					35,447	47,372
						64,506	62,972
12	Net income
						2020	2019
						E	E
	Net income for the year is stated after charging/(crediting):
	Amounts payable under operating	leases				55,908	67,856
	Depreciation on tangible fixed assets					226,515	226,932
	Interest payable on loans					61,478	69,095
	Bad debt write offs and provision					63,015	(1,310)
	Auditor's remuneration:
	Audit ofthe financial statements					11,462	9,270
	Other services					3,140	7,215

Staff costs					2020	2019
						6
The aggregate staff costs		during the	year comprised:
Wages and salaries					2,036,329	2,158,337
Social security costs					188,951	201,205
Defined benefit pension		costs			335,877	250,775
Defined contribution	pension costs				15,357	16,694
Termination payments						69,618
					2,576,514	2,696,629
					2020	2019
					No.	No.
The average number ofemployees			during the	year comprised:
Teaching staff					46	51
Other staff					34	34
					80	85
					2020	2019
					No.	No.
The average number	ofemployees		during the	year on the full time equivalent
basis comprised:
Teaching staff					36	38
Other staff					19	19
					55	57
					2020	2019
					No.	No.
The number ofemployees		whose emoluments		exceeded f60,000during the year
were as follows:
660,001- f70,000
670,001-280,000
280,001-690,000

Tangible assets
		Land and	Fixtures and
		buildings	equipment	Total
Group &Charity		f	f	f
Cost:
As at1September	2019	5,833,299	1,438,211	7,271,510
Additions			48,156	48,156
Disposals
As at 31August 2020		5,833,299	1,486,367	7,319,666
Depreciation:
As at 1September	2019	780,679	1,061,574	1,842,253
Charged for the year		96,753	129,762	226,515
Disposals
As at 31August 2020		877,432	1,191,336	2,068,768
Net book value:
As at 31August 2020		4,955,867	295,031	5,250,897
As at31August 2019		5,052,620	376,637	5,429,256

15	Fixed asset investments	Fixed asset investments		Group	Group	Charity	Charity
				2020	2019	2020	2019
					f		f
	Group and charity -	Listed investments	at market value
	As at 1stSeptember
	As at 31stAugust					1	1
16	Debtors
				Group	Group	Charity	Charity
				2020	2019	2020	2019
					F.	f	f
	Fee debtors			26,145	16,386	26,145	16,386
	Amounts owed by group undertakings					20,388	75,944
	Other debtors			495	14,325
	Prepayments and accrued income			42,456	41,433	42,456	27,433
				69,096	72,144	88,989	119,764
17	Creditors: Amounts	falling due within
	one year			Group	Group	Charity	Charity
				2020	2019	2020	2019
				f	f	f	f
	Deposits (note 19)			6,500	6,610	6,500	6,610
	Prepaid fees (note	19)		857,530	963,260	857,530	963,260
	Loans			225,000	225,000	225,000	225,000
	Trade creditors			104,934	85,881	88,077	75,363
	Taxation and social	security costs		47,021	44,851	47,021	44,851
	Other creditors			62,372	53,795	66,964	51,911
	Accruals ik Deferred	Income		62,274	56,724	57,787	52,719
				1,365,632	1,436,121	1,348,880	1,419,714

	Due within	Due within	Due after	2020	2019
Group and charity	1to2years f	2to 5years E	5years f	Total f	Total E
Loans	225,000	900,000	775,000	1,900,000	2,125,000
Deposits (note 19)	3,700	43,820	127,415	174,935	134,023
Prepaid fees (note 19)					12,204
	228,700	943,820	902,415	2,074,935	2,271,227

Parents follows:	pay for	fees in advance and provide deposits to secure places for p	upils. Movements during the year were as
			2020
			f.
Balance	brought	forward at 1September 2019	1,116,097
Amounts	received during the year		903,313
Amounts	recognised as income during the year		(943,301)
Amounts	repaid	to parents during the year	(37,144)
Balance	carried	forward at 31August 2020	1,038,965

The funds ofthe	group and school	group and school
			Balance at					Balance at
			15eptember					31August
			2019	Income	Expenditure	Other		2020
Group			f	f		f		f
Endowmentfunds:
Foundation fund			1,965,916		(33,397)			1,932,519
Sinking fund			96,800			4,400	'	101,200
			2,062,716		(33,397)	4,400		2,033,719
Restricted income funds:
Other restricted funds Murphy Donation			(78) 20,000	7.322	(7,339)	~2,582)		(95) 17,419
			19,922	7,322	(7,339)	(2,581)		17,324
Unrestricted funds:
Property fund			736,684			161,664		898,348
Other unrestricted General fund		funds	5,760 ~138,630) 603,814	4,503,759 4,503,759	~4,234,023 (4,234,023)	(163,483) ~(1,819		5,760 (32,377) 871,731
Total funds ofthe group			2,686,453	4,511,081	(4,274,759)			2,922,774
			Balance at					Balance at
			15eptember					31August
			2019	Income	Expenditure	Other		2020
Charity			f	f	f	f		f
Endowment funds:
Foundation fund			1,965,916		(33,397)			1,932,519
Sinking fund			96,800			4,400		101,200
			2,062,716		(33,397)	4,400		2,033,719
Restricted income		funds:
Other restricted	funds		(78)	7,322	(7,339)			(95)
Murphy Donation			20,000 19,922	7,322	~7,339)	(2,581) (2,581)		17,419 17,324
Unrestricted funds:
Property fund			736,684			161,664		898,348
Other unrestricted		funds	5,760					5,760
General fund			(138,630) 603,813	4,468,226 4,468,226	(4,198,490) (4,198,490)	(163,483) ~1,829)		(32,377) 871,731
Total funds ofthe charity			2,686,452	4,475,548	(4,239,226)			2,922,774

								Tangible				Net current					Pension
							and intangible					assets/	Long term				scheme
								fixed assets	Investments			(liabilities)	liabilities				liability		Total
								f			f	f			f		f		f
	Endowment		funds					2,033,720										2,033,720
	Restricted	funds										17,324							17,324
	Unrestricted		funds					3,217,177				(270,513)	(2,074,935)						871,729
								5,250,897				(253,189)	(2,074,935)					2,922,773
	At 31August		2019,the net assets ofthe group						and charity		were as follows:
								Tangible				Net current					Pension
							and intangible					assets/	Long term				scheme
								fixed assets	Investments			(liabilities)	liabilities				liability		Total
								f			f	f			f		f
	Endowment		funds					2,062,716										2,062,716
	Restricted	funds										19,922							19,922
	Unrestricted		funds					3,366,540			~(491,591		(2,271,227)						603,813
								5,429,256			~471,578)		(2,271,227)					2,686,451
22	Financial instruments
												Group	Group				School		School
												2020		2019			2020		2019
												f			f		f		f
	Carrying amount			offinancial				assets:
	Equity instruments				measured			atfair value
	Debt instruments				measured			at amortised cost				69,096		72,144			88,989		119,764
	Carrying amount			offinancial				liabilities:
	Measured	at amortised				cost						(2,354,581)	~2,548,4DD)			(2,337,829)		(2,529,992)
23	Operating	lease		commitments
	Group and		charity- Lessee
	The charity		and	its group			had entered into		operating	leases		in respect of	certain	items of school equipment.					At the
	balance sheet date, the charity and its group								had outstanding			commitments	for future		minimum		lease payments		under
	non-cancellable			operating			leases, which fall		due as follows:
																	2020		2019
																	f		f
	Within one		year														30,518		15,011
	Between one and				five years												50,060		46,299
	After five years
																	80,578		61,310

Pensions (Continued)
Pensions costs recognised		during the year were as follows:		2020 f	2019 f
Defined benefit schemes:
	The	Teachers' Pension Scheme		335,877	250,775
Defined contribution	schemes			15,357	16,694
				351,234	267,469
At the balance sheet	date,	the following amounts were included	in creditors:	2020	2019
				E	f
Defined benefitschemes:
	The	Teachers' Pension Scheme		38,516	32,110
Defined contribution	schemes			810	1,093
				39,326	33,203

		Unrestricted	Restricted	Endowment	Total	Total
		funds	funds	funds	2019	2018
			f	E	f
INCOME AND ENDOWMENTS
Donations and legacies		13,987	30,162		44,149	18,009
Charitable activities:
School fees		3,914,939			3,914,939	3,739,351
Other educational income		149,079			149,079	234,086
Other trading activities		123,936			123,936	106,707
Investments		1,417			1,417	1,263
Other
TOTAL		4,203,356	30,162		4,233,518	4,099,416
EXPENDITURE ON:
Raising funds		(61,533)			(61,533)	(61,227)
Charitable activities		(4,248,465)	(6,692)	(48,984)	(4,304,141)	(4,521,921)
Other
TOTAL		(4,309,998)	(6,692)	(48,984)	(4,365,674)	(4,583,148)
Net income/expenditure	Before	(106,641)	23,469	(48,984)	(132,156)	(483,732)
investment gains/(losses)
Net gains/(losses) on investments
NET INCOME		(106,641)	23,469	(48,984)	(132,156)	(483,732)
NET MOVEMENT IN FUNDS		(106,641)	23,469	(48,984)	(132,156)	(483,732)
TRANSFER BETWEEN FUNDS		45,191		(45,191)
RECONCILIATION OF FUNDS:
Total funds broughtforward		665,263	(3,547)	2,156,891	2,818,607	3,302,339
TOTAL FUNDS CARRIED FORWARD		603,813	19,922	2,062,716	2,686,451	2,818,607