## |||||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|L M Barley|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| ## ## |13|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||||||| ## |14|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| ## ## |20|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| ## ## ## ## |24|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|