2023-08-31-accounts - Truro High School For Girls

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			Page
Reference and administrative details ofthe Charity, its Trustees and advisers
Trustees' report
Independent	auditors'	report on the financial statements	10-13
Consolidated	statement offinancial activities
Consolidated	balance	sheet
Charity balance sheet
Consolidated	statement ofcash flows		17
Notes to the	financial	statements	18-32

Trustees			The Rev'd Canon	The Rev'd Canon	The Rev'd Canon	L M Barley&, 2
			Mrs S Burkard&,		:-.
			Mrs A Eaves&, z
			Mr A TJohnson, Safeguarding, Mr J Keast OBE1,2 3				Whistleblowing		(Resigned		1G December 2023)1,2
			Mr W Pellew-Harvey&, 3
			Mrs A Ramsey&,		3
			Mr J FJ Taylor Mr A J Thould,		MBE&,2 Chair1 2.'
			Mr C Vulliamyl,		3
			The Very Rev'd		R C Bush	(Resigned 25 November				2022)
			The Right Rev'd P Mounstephen fvlr S Pavton (Appointed 28 June				(Resigned 2023)1	25	November		2022)
			Mr A D D Heath		(Appointed	22 September		2023)&. -
			' Governance	and Nominations			Committee
			-' Education and Pastoral Committee ' Finance and School Committee
Charity registered
number			306577
Principal	office		Falmouth Road
			TIUI0
			Cornwall
			TR1 2HU
Principal	operating
office			Falmouth Road
			Truro
			Cornwall
Secretary			Mrs S Bucld
independent		auditors	Bishop Fleming	LLP
			Chartered Accountants
			Chy Nyverow
			Newham Road
			Tlul0
			Cornwall
			TR1 2DP
Bankers			Barclays
			14 King Street
			Truro
			Cornwail
			TR1 2RB
Solicitor s			Stephens Scown		LLP
			Osprey House
			Malpas Road
			Truro
			Cornwall
			TR1 1UT

		Endowment	Restricted	Unrestricted	Total	Total
	Note	funds 2023 E	funds 2023 F	funds 2023 f	funds 2023 f.	funds 2022 E
Income and
endowments from: Donations and legacies Charitable activities	2 3		11,044	6,247,895	11,044 6,247,895	19„258 5,802,37'I
Other trading activities	4			183,304	183,304	144,883
Total income and endowments			11,044	6,431,199	6,442,243	5,966,512
Expenditure on: Raising funds Charitable activities				55,506 6,019,705	55,506 6,019,705	42,690 5,113,200
Total expenditure				6,075,211	6,075,211	5,155,890
Net income			11,044	355,988	367,032	810,622
Transfers betvveen funds		(33,396)	(2,581)	35,977
Net movement in funds		(33,396)	8,463	391,965	367,032	810,622
Reconciliation of
funds:
Total funds brought forward		1,975,728	32,258	2,277,301	4,285,287	3,474.665
Net movement in funds		(33,396)	8,463	391,965	367,Q32	810,622
Total funds carried forward		1,942,332	40,721	2,669,266	4,652,319	4.285,287

						2023		2022
				Note		F		E
Fixed assets
Tangible assets						5,597,931		5,193,164
Current assets						5,597,931		5,193,164
Debtors					115,357		202,089
Cash at bank and	in	hand			2,494,611		2,495,051
					2,609,968		2,69?,140
Creditors: amounts	falling		due within one
year				12	(1,611,612)		(1,474,781 )
Net current assets						998,356		1,222,359
Total assets less	current		liabilities			6,596,287		6,415,523
Creditors: amounts	falling		due after more
than one year						(1,943,968)		(2,130,236)
Net assets excluding		pension asset				4,652,319		4,285,287
Total net assets						4,652,319		-'l,285,287
Charity funds
Endowment funds Restricted funds						1,942,332 40,721		1,975 728 32,258
Unrestricted funds						2,669,266		2,277.301
Total funds						4,652,319		4,285,287

							2023		2022
					Note				E
Fixed assets
Tangible assets					9		5,597,931		5,193,164
Investments					10		1		'l
							5,597,932		5,193,165
Current assets
Debtors						202,105		271,673
Cash at bank and	in	hand				2,399,390		2,405,998
						2,601,495		2.677,671
Creditors: amounts year		falling		due within one	12	(1,603,140)		(1,455.313)
Net current assets							998,355		1,222,358
Total assets less	current			liabilities			6,596,287		6,415,523
Creditors: amounts than one year		falling		due after more			(1,943,968)		(2,130,236)
Net assets excluding			pension asset				4,652,319		4,285,287
Total net assets							4,652,319		4,285,287
Charity funds
Endowment funds							1,942,332		1,975,728
Restricted funds					14		40,721		32,258
Unrestricted funds					14		2,669,266		2,277,301
Total funds							4,652,319		4,285,287

						2023	2022
Cash flows from operating		activities					E
Net cash used in operating		activities				842.792	1,095,610
Cash flows from investing		activities
Dividends, interests and rents from investments							2
Purchase of tangible fixed assets						(707,489)	(323,671)
Net cash used in investing		activities				(707,489)	(323,669)
Cash flows from financing		activities
Cash inflows from new borrowing							1,900,000
Repayments of borrawing Interest payable						(47,011) (88,732)	(1,900,000) (57,152)
Net cash used in financing		activities				(135,743)	(57,152)
Change in cash and cash	equivalents		in	the year		(440)	714,789
Cash and cash equivalents	at the beginning			of the year		2,495,051	1,780,262
Cash and cash equivalents		at the end	of	the year		2,494,611	2,495,051
The notes an pages 18to 32		form part of these financial			statements

Freehold	property	2 "/o	Straight	line
Building	Improvements	0'io	Straight	line
Motor vehicles		33'/n	Straight	line
Fixtures	and fittings	20'/o	Straight	line
Computer	equipment	20'/o	Straight	line

	Restricted	Unrestricted	Total	Total
	funds	funds	funds	funds
	2023	2023	2023	2022
				E
Donations	'I 1,044		11,044	19,258

		Unrestricted	Total	Total
		funds	funds	funds
		2023	2023	2022
				E
Gross school fees chargeable Less Bursaries, Scholarships Other educational income	and other discounts	6,890,744 (963,730) 320,881	6,890,744 (963,730) 320,&81	6,489,750 (906,074) 218,695
		6,247,895	6,247,895	5,802,371

	Unrestricted	Total	Total
	funds	funds	funds
	2023	2023	2022
			E
Other trading income Interest receivable	22,518 18,728	22,518 18,728	21,704 2
	41,246	41,246	21,706

				Unrestricted	Total	Total
				funds	funds	funds
				2023	2023	2022
						E
Income Lettings	from subsidiary income	trading	activities	140,042 2,016	140,042 2,016	121,87'1 1.306
				142,058	142,058	123,177

	Activities
	undertaken	Support	Total	Total
	directly 2023	costs 2023	funds 2023	Tunds 2022
	F	F	E	E
Education costs	2.999,990	107,115	3,107,105	2.654,884
Welfare costs		674.364	674,364	569,82'1
Premises costs		933,056	933,056	786,298
Other support costs Finance costs		816,206 191,109	816,206 191,109	721,498 '147 531
Governance costs		75,727	75,727	9567
Charitable publicity costs		222.138	222,138	137,497
	2,999,990	3.0'I 9,715	6,019,705	5,113,200

Auditors' re	muneration
						2023
Fees payable	to the Charity's	auditor	for the audit of the Charity's	annual	accounts	8,515
Fees payable to the Charity's auditor in respect of: Taxation compliance services All non-audit services not included above						1,300 4,585

					Group	Group	Charity	Charity
					2023	2022	2023	2022
						E	E	E
VVages and		salaries			2,769,392	2,4'I 5,017	2,747,351	2,394,307
Social security costs					276,123	248,058	276,123	248,058
Contribution		to pension schemes			25,958	'I9,536	25,958	lg 536
Operating	costs of defined		benefit pension
schemes					451,928	375,697	451,928	375,697
					3,523,401	3,058,308	3,501,360	3,037,598
The average		number ofpersons		employed	by the Charity during	the year was	as follows.
							Group	Group
							2023	2022
							No,	No.
Teaching	staff						53	48
Other staff							46	47
							99

	Freehold	Motor	Fixtures and	Computer
	property	vehicles	fittings	equipment	Total
	F		F	E
COST OR VALUATION
At I September 2022	5,969,153	21,099	1,453,985	311,322	7,755,559
Additions	339,179		326,535	41,775	707,489
At 31 August 2023	6,308,332	21,099	'1,780,520	353,097	8,463,048
DEPRE CI ATION
At 'I September 2022	1,076,372	5,541	1,217,295	263,187	2,562,395
Charge for the year	104,432	4,221	158,658	35,411	302,722
At 31 August 2023	1,180,804	9,762	1,375,953	298,598	2,865,117
NET BOOK VALUE
At 31 August 2023	5,127,528	11,337	404,567	54,499	5,597,931

CHARITY
COST OR VALUATION
At I September 2022
At 31 August 2023
NET BOOK VALUE
At 31 August 2023
AT 31 AUGUST 2022

				Group	Group	Charity	Charity
				2023 f.	2022f	2023 F	2022 E
DUE WITHIN	ONE YEAR
Trade debtors				23,182	86,026	20,878	76,429
Other debtors					13,848	95,897	93,029
Prepayments	and accrued income			92,175	102,215	85,330	102.215
				115,357	202,089	202,105	271,673
Creditors: Amounts		falling due within	one year
				Group	Group	Charity	Charity
				2023	2022	2023	2022
				F	E		E
Deposits				43,190	34,090	43,190	34,090
Bank loans				186,876	52,279	186,876	52,279
Prepaid fees				796,690	1,055,8'I 2	796,690	'1,055,8'I2
Trade creditors				264,109	132,304	260,737	1'I5,548
Other taxation	and social security			87,755	62,185	87,755	62,185
Other creditors				108,972	114,550	108,972	1 'I 6,823
Accruals and deferred		income		124,020	23,561	118,920	18.576
				1,611,612	1,474,781	1,603,140	'1,455,313
Creditors: Amounts		falling due after	more than	one year
				Group	Group	Charity	Charity
				2023	2022	2023	2022
					E		E
Bank loans				1,711,013	1,870,171	1,711,013	'l,870,17'I
Other creditors				232,955	260,065	232,955	260,065
				1,943,968	2,130,236	1,943,968	2,130,236

Statement off	un	ds -current	year
			Balance at 1				Balance at
			September			Transfers	31August
			2022	Income	Expenditure	in/out	2023
				F
UNRESTRICTED		FUNDS
DESIGNATED FUNDS
Property fund			1,127,058			292,699	1,419,75?
Other unrestricted		funds	5,760				5,760
			1,132,818			292,699	1,425,517
GENERAL FUNDS
General fund			1,144,4&3	6,431,199	(6,075,211)	(256,722)	1,243,749
TOTAL UNRESTRICTED
FUNDS			2,277,301	6,431,199	(6,075,211)	35,977	2,669,266
ENDOWMENT	FUNDS
Foundation fund			1,865,728			(33,396)	1,832,332
Sinking fund			110,000				110,000
			1,975,728			(33.396)	1,942,332
RESTRICTED FUNDS
Other restricted	funds		14,301	616			14,917
Truro High Foundation			5,700	10,428			16,128
Murphy Donation			12,257			(2,581)	9,676
			32,258	11,044		(2,581)	40,721
TOTAL OF FUNDS			4,285,287	6,442,243	(6,075,211)		4,652,319

Statement of f	und	s - prior y	ear
			Balance at				Balance at
			1 September			Transfers	31 August
			2021	Income	Expenditure	) Il/out	2022
			E	E	E	E	E
UNRESTRICTED FUNDS
DESIGNATED	FUNDS
Prope)ly fund			1,099,666			27,392	1,127,058
Other unrestricted		funds	5,760				5,760
			1 1054o6			27,392	1,132,818
GENERAL FUNDS
General fund			348,223	5.9'7,968	(5,122.497')	(29,2'I 1)	'1,144,483
TOTAL UNRESTRICTED
FUNDS			l,453,649	5,947,968	(5,122,497)	(1,819)	2,277,301
ENDOWMENT	FUNDS
Foundation fund			1,899,124		(33,396)		1,865,728
Sinking fund			105,600			4,400	110,000
			2,004,724		(33,396)	4,400	1,975,728
RESTRICTED FUNDS
Other restricted	funds		1,455	12,846			14,301
Truro High Foundation				5.700			5,700
Murphy Donation			'14,838			(2,581)	'I2,257
			16,293	18,546		(2,581)	32,258
TOTAL OF FUNDS			3,474,666	5.966,514	(5,155,893)		4,285,287

Summary	of funds	- current ye	ar
			Balance at 1				Balance at
			September			Transfers	31August
			2022	Income	Expenditure	in/out	2023
						F	F
Designated	funds		1,132,818			292,699	1,425,517
General funds			1,144,483	6,431,199	(6,075,211)	(256,722)	1,243,749
Endowment	funds		1,975,728			(33,396)	1,942,332
Restricted	funds		32,258	11,044		(2,581)	40,721
			4,285,287	6,442,243	(6,075,211)		4,652,319
Summary	offunds	-prior year
			Balance at				Balance at
			1 September			Transfers	31 August
			2021	Income	Expenditure	in/out	2022
			E	E	F	E	E
Designated	funds		1,105426			27,392	1,132,818
General funds			348,223	5,947,968	(5.122.497)	(29,211)	1,144,483
Endowment	funds		2,004,724		(33,396)	4,400	1,975,728
Restricted	funds		16,293	18,546		(2,581)	32,258
			3,474,666	5,966,514	(5,155.893)		4,285,287

Analysis	of n	et assets between funds -	current year
			Endowment	Restricted	Unrestricted	Total
			funds	funds	funds	funds
			2023	2023	2023	2023
			E			F
Tangible	fixed	assets	1,942,332		3,655,599	5,597,931
Current	assets			40,72'I	2,569,247	2,609,968
Creditors	due	within one year			(1,611,612)	(1,611,612)
Creditors	due	in more than one year			('I,943,968)	(1,943,968)
TOTAL			1,942,332	40,721	2,669,266	4,652,319

			Endowment	Restricted	Unrestricted	Total
			funds	funds	funds	funds
			2022	2022	2022	2022
			E	E	E	F
Tangible	fixed	assets	1,975,?28		3,217,436	5,193,164
Current	assets			32,258	2,664.882	2,697.140
Creditors	due	within one year			(1,474,78'I )	(I,474,78 I I
Creditors	due	in more than one year			(2,130,236)	(2,130,236)
TOTAL			1,975.728	32,258	2.277,301	4,285,287

				Group	Group
				2023	2022
Net income for the year (as per Statement		of Financial	Activities!	367,032	810,622
ADJUSTMENTS FOR:
Depreciation charges				302,755	251,943
Dividends, interests	and rents from investments				(2)
Decrease/(increase)	in debtors			75,371	{47,120)
Increase/(decrease)	in creditors			(29,167)	23,016
Interest payable				88,732	57,152
NET CASH PROVIDED BYOPERATING		ACTIVITIES		804.723	'I,095,611

						Group	Group
						2023	2022
						E	E
Cash	in	hand				2,494,611	2,495,051
TOTAL		CASH	AND	CASH	EQUIVALENTS	2,494,611	2,495,051

under non	-can	cellable operating leases as follo	ws:
			Group	Group	Charity	Charity
			2023	2022	2023	2022
			F	F	F	F
Not later than		1 year	46,662	41,074	46,662	41,074
Later than	1 year and not later than 5years		103,592	90,043	103,592	90,043
			150,254	131,117	150,254	131,117

Principal su	Principal su	bsidiaries	bsidiaries
The following		was a subsidiary		undertaking		of the Charity:
Name							Company	Holding	Included	in
							number		consolidation
Truro	High School Trading		Limited				08920547	100'/o	Yes
The financial		results of the	subsidiary		for	the year were:
Name						Income	Expenditure	Profitj(Loss)	Net	assets
								/ Surplus/		E
								(Deficit) for
								the year
								F
Truro	High	School Trading	Limited			140,042	(55,506)	84,536