## ||||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| ## ## |20|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| ## ## ## |24|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|