2021-08-31-accounts - Truro High School For Girls

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

				Page
Reference	and administrative		details
Annual Report ofthe		Trustees
Statement	oftrustees'	responsibilities
Auditor's	report			19
Financial	statements:
Group Statement of financial			activities	23
Group and Charity Balance sheet				24
Notes to	the financial	statements		25

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
		TIUIO
		TR1 2HU
Key management		Mrs SMatthews,		Headmistress
personnel		Miss D Freeman	BEd (Hons), Deputy Head Pastoral
		Mrs K Hinks, Head		of Prep (appointed 1.9.20)
		Mrs S Budd, Bursar			&Clerk to the Governors
		Mrs S Lillicrap NCTJ, Director ofCommunications
Bankers		HSBC
		8Victoria Street
		London
		SW1 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

The Rev'd Canon	Dean's nominative	Dean's nominative	A, B,
Mrs A Eaves			A, B,
Mrs C Haigh	Resigned	02/11/21	A, C
Mr ATJohnson	Safeguarding, Whistleblowing		A, B,
Mr J Keast OBE	Chair (to	25/10/21), EYFS	A, B, C
Mr W Pellew-Harvey			A, C,
Mrs A Ramsey			A, C,
Mr J F JTaylor MBE			A, B,
Mr A J Thould	Chair (appointed 25/10/21)		A, C
Mr C Vulliamy	Appointed	22/03/21	A, C

			Unrestricted	Restricted	Endowment	Total	Total
			funds	funds	funds	2021	2020
		Notes		E	E	E	E
INCOME AND ENDOWIVIENTS FROM:
Donations and legacies			55,196	5,596		60,792	56,086
Charitable activities:
School fees			4,688,213			4,688,213	4,201,845
Other educational income			277,180			277,180	191,810
Other trading activities			65,614			65,614	60,677
Investments							663
TOTAL			5,086,203	5,596		5,091,798	4,511,081
EXPENDITURE ON:
Raising funds		9	(41,105)			(41,105)	(35,533)
Charitable activities		10	(4,494,757)	(4,045)		(4,498,802)	(4,239,226)
TOTAL			(4,535,862)	(4,045)		(4,539,907)	(4,274,759)
Net income/(expenditure)	before
investment gains/(losses)			550,341	1,551		551,892	236,322
Net gains/(losses) on investments
NET INCOME			550,341	1,551		551,892	236,322
Transfer between funds			31,578	(2,581)	(28,996)
NET MOVEMENT IN FUNDS			581,918	(1,030)	(28,996)	551,892	236,322
RECONCILIATION OF FUNDS:
Total funds brought forward			871,731	17,324	2,033,719	2,922,773	2,686,451
TOTAL FUNDS CARRIED FORWARD			1,453,649	16,293	2,004,723	3,474,665	2,922,773

				Group	Group	Charity	Charity
				2021	2020	2021	2020
			Notes		E	E	E
FIXEDASSETS:
Tangible assets Investments			14 15	5,121,500	5,250,896	5,121,500 1	5,250,896 1
				5,121,500	5,250,896	5,121,501	5,250,897
CURRENT ASSETS:
Debtors: Due within		one year	16	62,708	69,096	112,302	88,989
Cash at bank and in		hand		1,780,262	1,043,347	1,731,054	1,006,701
				1,842,970	1,112,443	1,843,357	1,095,690
LIABILITIES:
Creditors: Amounts		falling due within one year	17	(1,587,319)	(1,365,632)	(1,587,707)	(1,348,880)
NET CURRENT (LIABILITIES)/ASSETS				255,651	(253,189)	255,650	(253,190)
TOTAL ASSETS LESS CURRENT LIABILITIES				5,377,151	4,997,707	5,377,150	4,997,707
Creditors: Amounts		falling due after more than
one year			18	(1,902,485)	(2,074,935)	(1,902,485)	(2,074,935)
NET ASSETS EXCULDING PENSION LIABILITY				3,474,666	2,922,772	3,474,666	2,922,772
TOTAL NETASSETS				3,474,666	2,922,772	3,474,666	2,922,772
THE FUNDS OF THE		CHARITY:
Endowment funds				2,004,723	2,033,719	2,004,723	2,033,719
Restricted income		funds	20	16,293	17,324	16,293	17,324
Unrestricted funds
Property fund Other designated	funds		20	1,099,666 5,760	898,348 5,760	1,099,666 5,760	898,348 5,760
General fund			20	348,223	(32,377)	348,223	(32,377)
Total unrestricted		funds		1,453,649	871,731	1,453,649	871,731
TOTAL CHARITY FUNDS				3,474, 666	2,922,774	3,474,666	2,922,773

3	Donations and legacies	Donations and legacies	Donations and legacies	Donations and legacies	Donations and legacies		Unrestricted	Restricted	Endowment	Total	Total
							funds	funds	funds	2021	2020
							f	f	f	f	f
	Donations						19,144	5,596		24,740	8,321
	Government		Grants				36,052			36,052	47,765
							55,196	5,596		60,792	56,086
4	School fees						Unrestricted	Restricted	Endowment	Total	Total
							funds	funds	funds	2021	2020
										f	f
	Gross	school	fees	chargeable			5,591,921			5,591,921	5,188,657
	Less:	Scholarships			awarded to pupils		(114,421)			(114,421)	(146,081)
		Bursaries		awarded to pupils			(474,790)			(474,790)	(461,102)
		Staff, sibling			and other discounts
		and	allowances				(314,497)			(314,497(	~(379,63tl
							4,688,213			4,688,213	4,201,845
	Add:	Bursaries		paid from restricted		funds
							4,688,213			4,688,213	4,201,845
5	Other	educational		income			Unrestricted	Restricted	Endowment	Total	Total
							funds	funds	funds	2021	2020
							f	f
	Fees charged		for optional subjects and
	pupils'	extras					277,180			277 180	191810
							277,186			277,180	191,810
6	Other	trading	activities				Unrestricted	Restricted	Endowment	Total	Total
							funds	funds	funds	2021	2020
							f	f	f	f	f
	Lettings income						1,309			1,309	4,756
	Income	from subsidiary			trading activities (note 7)		64,305			64,305	55,921
							65,614			65,614	60,677

8	Investments		Unrestricted	Restricted	Endowment	Total	Total
			funds	funds	funds	2021	2020
			f	E	f	E	E
	Bank and other interest						663
							663
9	Raising funds		Unrestricted	Restricted	Endowment	Total	Total
			funds	funds	funds	2021	2020
			f	E	E	E
	Cost ofsubsidiary	trading activities	41,105			41,105	35,533
			41,105			41,105	35,533
10	Analysis ofexpenditure
						2021	2020
			Staffcosts	Depreciation	Other	Total	Total
			E	f	E	E	E
	Raising funds:
	Fundraising costs		34,655		6,450	41,105	35,533
	Charitable activities:
	Teaching costs		2,056,897		247,124	2,304,021	2,244,893
	Welfare costs		103,853		406,735	510,588	409,012
	Premises costs		96,284	96,753	486,550	679,588	608,655
	Support costs		243,659	144,867	226,067	614,593	547,910
	Governance costs				90,285	90,285	98,469
	Charitable publicity costs		79,920		45,217	125,137	202,541
	Finance costs				174,590	174,590	127,745
			2,615,268	241,620	1,683,018	4,539,907	4,274,759
11	Governance costs
						2021	2020
						f	E
	Auditor's remuneration					9,226	14,602
	Other professiona	I fees				16,480	13,402
	Governors'expenses					2,310	1,054
	Othercosts					62,269	35,447
						90,285	64,506
12	Net income
						2021	2020
						E	E
	Net income forthe year is stated after charging/(crediting):
	Amounts payable	under operating leases				59,992	55,908
	Depreciation on tangible fixed assets					241,620	226,515
	Interest payable on loans					48,170	61,478
	Bad debt write offs and provision					83,279	63,015
	Auditor's remuneration:
	Audit ofthe financial statements					7,786	11,462
	Otherservices					1,440	3,140

Staff costs					2021	2020
					6	f
The aggregate staff costs		during the	year comprised:
Wages and salaries					2,074,387	2,036,329
Social security costs					189,334	188,951
Defined benefit pension		costs			334,076	335,877
Defined contribution	pension costs				17,471	15,357
Termination payments					13,272
					2,628,540	2,576,514
					2021	2020
					No.	No.
The average number ofemployees			during the	year comprised:
Teaching staff					47	46
Other staff					35	34
					82	80
					2021	2020
					No.	No.
The average number ofemployees			during the	year on the full time equivalent
basis comprised:
Teaching staff					36	36
Other staff					20	19
					56	55
					2021	2020
					No.	No.
The numberof employees		whose emoluments		exceeded 660,000during the year
were as follows:
f60,001-f70,000
f70,001-f80,000
f80,001- 690,000

Tangible assets
	Land and	Assets under	Fixtures and
	buildings	construction	equipment	Vehicles	Total
Group &Charity	E	E	E	E
Cost:
As at 1September 2020	5,833,299		1,486,367		7,319,666
Additions		39,676	60,946	11,600	112,221
Disposals
As at 31August 2021	5,833,299	39,676	1,547,313	11,600	7,431,887
Depreciation:
As at 1September 2020	877,432		1,191,336		2,068,768
Charged for the year	96,753		143,547	1,320	241,620
Disposals
As at 31August 2021	974,185		1,334,883	1,320	2,310,388
Net book value:
As at 31August 2021	4,859,114	39,676	212,430	10,280	5,121,500
As at 31August 2020	4,955,867		295,031		5,250,897


15	Fixed asset investments			Group	Group	Charity	Charity
				2021	2020	2021	2020
				f	f		f
	Group and charity-	Listed investments	at market value
	As at 1stSeptember
	As at 31stAugust
16	Debtors
				Group	Group	Charity	Charity
				2021	2020	2021	2020
				f	f	f	f
	Fee debtors			9,112	26,145	9,112	26,145
	Amounts owed by group undertakings					57,562	20,388
	Otherdebtors			7,968	495
	Prepayments and accrued income			45,628	42,456	45,628	42,456
				62,7D8	69,D96	112,392	88,989
17	Creditors: Amounts	falling due within
	one year			Group	Group	Charity	Charity
				2021	2020	2021	2020
				f	f	f	f
	Deposits (note 19)			4,689	6,500	4,689	6,500
	Prepaid fees (note	19)		1,117,019	857,530	1,117,019	857,530
	Loans			225,000	225,000	225,000	225,000
	Trade creditors			19,024	104,934	19,024	88,077
	Taxation and social	security costs		46,520	47,021	46,520	47,021
	Other creditors			109,736	62,372	113,213	66,964
	Accruals 86 Deferred	Income		65,331	62,274	62,242	57,787
				1,587,319	1,365,632	1,587,707	1,348,880

	Due within	Due within	Due after	2021	2020
	1to 2years	2to 5years	5years	Total	Total
Group and charity	E	E	f
Loans	225,000	675,000	775,000	1,675,000	1,900,000
Deposits (note 19)	16,000	124,408	87,077	227,485	174,935
Prepaid fees (note 19)
	241,000	799,408	862,077	1,902,485	2,074,935

Parents follows:	pay for	fees in advance and provide deposits to secure places for	pupils. Movements during the year were as
			2021
			f
Balance	brought	forward at 1September 2020	1,038,965
Amounts	received during the year		1,433,221
Amounts	recognised as income during the year		(1,084,274)
Amounts	repaid	to parents during the year	(38,720)
Balance	carried	forward at 31August 2021	1,349,193

The funds ofthe	group and school	group and school
			Balance at				Balance at
			15eptember				31August
			2020	Income	Expenditure	Other	2021
Group			f	f	f	f	f
Endowment funds:
Foundation fund			1,932,519			(33,396)	1,899,123
Sinking fund			101,200			4,400	105,600
			2,033,719			(28,996)	2,004,723
Restricted income		funds:
Other restricted	funds		(95)	5,596	(4,045)		1,455
Murphy Donation			17,419			(2,581)	14,838
			17,324	5,596	(4,045)	(2,581)	16,293
Unrestricted funds:
Property fund			898,348			201,318	1,099,666
Other unrestricted		funds	5,760				5,760
General fund			(32,377)	5,086,202	(4,535,861)	(169,741)	348,223
			871,731	5,086,202	(4,535,861)	31,578	1,453,649
Total funds ofthe group			2,922,773	5,091,798	(4,539,906)	1	3,474,666
			Balance at				Balance at
			15eptember				31August
			2020	Income	Expenditure	Other	2021
Charity			f		f		f
Endowment funds:
Foundation fund			1,932,519			(33,396)	1,899,123
Sinking fund			101,200			4,400	105,600
			2,033,719			(28,996)	2,004,723
Restricted income funds:
Other restricted	funds		(95)	5,596	(4,045)		1,455
Murphy Donation			17,419 17,324	5,596	~4,945)	(2,581) )2,581)	14,838 16,293
Unrestricted funds:
Property fund			898,348			201,318	1,099,666
Other unrestricted		funds	5,760				5,760
General fund			(32,377)	5,045,097	(4,494,756)	(169,741)	348,223
			871,731	5,045,097	(4,494,756)	31,578	1,453,649
Total funds ofthe charity			2,922,773	5,050,693	(4,498,801)	1	3,474,666

							Tangible				Net current				Pension
					and		intangible				assets/	Long term			scheme
						fixed assets f		Investments		f	(liabilities) f	liabilities			liability		Total f
Endowment funds							2,004,724									2,004,724
Restricted funds											16,293						16,293
Unrestricted funds							3,116,776				239,358	(1,902,485)				1,453,649
							5,121,500				255,651	(1,902,485)				3,474,666
At 31August 2020, the			net	assets ofthe group				and charity		were asfollows:
							Tangible				Net current				Pension
					and		intangible				assets/	Long term			scheme
						fixed assets f		Investments		f	(liabilities) f	liabilities f			liability f		Total f
Endowment funds							2,033,720									2,033,720
Restricted funds											17,324						17,324
Unrestricted funds							3,217,178				(270,513)	(2,074,935)					871,730
							5,250,898				(253,189)	(2,074,935)				2,922,774
Financial instruments
											Group		Group		School		School
											2021		2020		2021		2020
											f		f		f		f
Carrying amount	of	financial			assets:
Equity instruments		measured				atfair value
Debt instruments	measured				at amortised cost						62,708		69,096		112,302		88,989
Carrying amount	of	financial			liabilities:
Measured at amortised			cost								(2,094,091)	(2,354,581)		(2,094,479)		(2,337,829)
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	forfuture minimum			lease payments		under
non-cancellable	operating			leases, which fall due asfollows:
															2021		2020
															f		f
Within one year															37,267		30,518
Between one and five years															113,275		50,060
After five years															583
															151,125		80,578

Pensions (Continued)
Pensions costs recognised		during the year were as follows:		2021	2020
				E	E
Defined benefit schemes:
	The	Teachers' Pension Scheme		334,076	335,877
Defined contribution	schemes			17,471	15,357
				351,548	351,234
Atthe balance sheet	date,	the following amounts were included	in creditors:	2021	2020
					f
Defined benefit schemes:
	The	Teachers' Pension Scheme		37,916	38,516
Defined contribution	schemes			1,286	810
				39,202	39,326

		Unrestricted	Restricted	Endowment	Total	Total
		funds	funds	funds	2020	2019
		f	E	E	E	E
INCOME AND ENDOWMENTS
Donations and legacies		48,765	7,322		56,087	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
Other
TOTAL		4,503,759	7,322		4,511,081	4,233,520
EXPENDITURE ON:
Raising funds		(35,533)			(35,533)	(61,533)
Charitable activities		(4,198,490)	(7,339)	(33,397)	(4,239,226)	(4,304,141)
Other
TOTAL		(4,234,023)	(7,339)	(33,397)	(4,274,759)	(4,365,674)
Net income/expenditure	Before	269,736	(17)	(33,397)	236,322	(132,154)
investment gains/(losses)
Net gains/(losses) on investments
NET INCOME		269,736	(17)	(33,397)	236,322	(132,154)
NET MOVEMENT IN FUNDS		269,736	(17)	(33,397)	236,322	(132,154)
TRANSFER BETWEEN FUNDS		(1,819)	(2,581)	4,400
RECONCILIATION OF FUNDS:
Total funds brought forward		603,814	19,922	2,062,716	2,686,452	2,818,607
TOTAL FUNDS CARRIED FORWARD		871,731	17,324	2,033,719	2,922,774	2,686,453