Company number: 01193407
TERRINGTON HALL TRUST LIMITED
(Charfty numb•r 532362)
ANNUAL REPORT AND FINANCIAL STATEMENTS
for tho y••r end•d
31 Augu•t 2024
HPH
Chartered A¢countant•
54 Bootharn
YORK
Y030 7XZ

TERRINGTON HALL TRUST LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
GONTErirs
Govemor8' Annual R8port
Auditorfs Report
14-17
St8tem8nt of Fin8ncial Actlvities
18
Balance Sheet
19
Cash Flow Slatem8nt
20
Note$ to th• FSnandal Statements
21-29

TERRINGTON HALL TRUST LIMITED
GOVERNORS, ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2024
REFERENCE AND ADMINISTRATIVE INFORMATION
The Governors present their foty ninth annual report and audited financial statements for the year
ended 31 August 2024.
Charity Name..
Terrington Hall Trust Limited
Charity Registration Number..
532362
Company Reglstratlon Number:
01193407
Dire¢torslGovernors'.
Mrs K E Lamont (Chalr)
Mr R L Cordingley
Ms Z A Bannister
Mrs S Hogg
Ms E Colquhoun
Mr B Collins
Ms G Eaton
Mr A Dunn (resigned December 2024)
Mr D Griffiths
Mrs A Moore
Mr J Simms
Mrs I Willoughby
Mr S Shelley (appointed 13 March 20251
Mr J Mutton (appointed 13 March 2025)
Company Secretary:
Mr A P Upton
Head..
Mr H G Thomas
Registered Office and
Principal Address..
Terrington Hall Preparatory School
Terrington, YORK, Y060 6PR
Advisers
Audltors:
HPH Accountants LLP
Chartered Accountants
54 Bootham
YORK
Y030 7XZ
Solicltors..
Harrowells LLP
1 St. Saviourgate
YORK
Y018ZQ
Bankers:
HSBC plc
13 Parliament street
YORK
Y018X

TERRINGTON HALL TRUST LIMITED
GOVERNORS. ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Terrington Hall Trust Limited is a charitable company limited by guarantee, incorporated on 11
December 1974 and registered as a charity on 3 March 1975 and is governed by Its Memorandum
and Articles of Association. The Governors of the School are also the charity trustees and directors
of the company.
Recrultment and tralnlng of Govornors
Terrington Hall's Board of Govemors brings a wealth ofexperience and knowledge. giving theirtlme
and expertise to govern all aspects of running the school such as long-term strategic planning,
financial sustainability, safeguarding and educational quality. New Governors are recrurted through
an annual skills audit facilitated by the Association of Goveming Bodies of Independent Schools
IAGBIS). This process ensures that the Board possesses the spectrum of skills necessary to
effectively govern the school, both for th6 preserit and for the future. We recruit both locally and
nationally according to the skillsets required.
All candidates for Board positions are inteNiewed and go through the statutory Safer Recruitment
process, which includes references, safeguarding screening and training, ratification by the Full
Board and a comprehensive induction programme to ensure their roles and responsibilitie5 are
effectively established.
Regarding Govemor numbers, until otheNise determined by a general meeting, the number of
Governors shall not be less than seven nor more than thirty. The member5 of the governing body
are subscribers to the Memorandum of Association of the trust. In 2023124 there were 13 Govemors
on the Board.
To manage conflict of interest, no person who is a Head or deputy Head of the School and no person
who is otherwise in receipt of a salary, fees, remuneration or other benefit, in money or monies worth
from the trust (save as permitted by Clause 4 of the Memorandum of Association) shall be eligible
to be members of the governing body.
The Board of Governors operates through delegated authority to 4 subcommittees..
Education, Welfare and Staff Development
Gov8rnance
Finance & Eststes
Strategy, Marketing & Development
This structure enables the Board to maximise oversight of our statutory duties in addition to the
devising and execution of the ambitious 5-year strategic development plan. Additionally, the Board
operates a number of "taSkf0r￿s" to run key cr055-committee projects - these taskforces enable
agile decision-making and execution and have proven to be especially effective with respect to
planning for the sector 'Headwinds°.

TERRINGTON HALL TRUST LIMITED
GOVERNORS, ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT (contlnued)
Key Strateglc Plan Dellverables 23124
Terrington Hall is a dynamic prep School whlch combines traditional prep values with a unlque and
Innovative whole-child curriculum. The school continues to thrive, wlth roll numbers at capacity
across most year groups and with our team of highly commltted staff delivering an exciting year of
educational opportunities for our children. In support of the school's development plan, in 23124, the
Board was focused upon the below deliverables to drive performance, compliance and pupll
outcomes..
1) Compllance oversight and inspection readiness (including inspection pass in November
2023)
2) Long term plannlng for financial sustainability in the context of the sector"Headwlnds"
3) Estates Improvements includlng full upgrade of IT Infrastructure
4) Currlculum enhancements
a, Further enhancement of Indlvlduallsed tea¢hlng and learnlng including new
data-driven assessment regime and enhanced, individual child academlc progress
monitoring.
b. Embeddlng of our Innovatlve co-currlcular and enrlchment programme to
further enhance the diverse range of opportunities available to our pupils
c. Inltlatlon of a comprehenslv8 Year 8 Ilfe skllls development programme
Compliance Oversight
The Governance committee oversees all aspects of compliance in terms of our status as a charity,
as an employer, and in temis ofadherence to the Independent School Standard Regulations IISSRS)
as stipulated by our inspectorate, the Independent Schools Inspectorate (ISI) and the National
Minimum Standards for Boarding Schools (NMS) as stlpulated by the Boarding Schools Association
(BSA). The school was inspected by ISI in November 2023 and all ISSRS were met. Although
Terrington Hall was one of Ihe first schoo15 to be inspected in the new ISSR format (and at a time
when indicative strengths were still being calibrated by the ISI), the school received excellent
feedback, particularly with respect to the pastoral architecture and the well-embedded and lived-out
valLJes evident within the school's community. A copy of the inspection report can be found on the
school website.
Long Term Financial Planning
The Board has been Intensively planning for the eventualities of the imposition of VAT on
independent school fees and the loss of Management Business Rates Relief on 5ndependent school
charities. The first phase of the plan was focuslng upon the reduction of conlrollable costs and to
that end, the school has taken the difficult decision to exit the Teacher's Pension Scheme ITPSI and
for all academi¢ staff to move to the Aviva APTIS Defined Contributlon Scheme. The exit was
managed and delivered through the voluntary consent of the academic staff body and takes effect
on 1$1 September 2024. The long-term financial plan will continue to focus upon optimising costs,
diversifying revenue and ensuring excellence in our educ3tional offering. As part of the financial
plan, a Fees in Advance Scheme was offered to parents this year to provide further options for
payment.

TERRINGTON HALL TRUST LIMrrED
GOVERNORS, ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2024
STRUCTURE. GOVERNANCE AND MANAGEMENT (continued)
Estates Impmvements
A key priority for the school is to maintain the safety, security and quality of our estates for our
children, staff, boarders and parents. In addition to the usual repairs and maintenance, this year a
comprehensive IT investment was delivered to enhance speed and connectivity of our leaming
infrastructure, with further technology infrastructure investment planned for the next two years.
Additionally, the Terrington Hall family dining experience which is a hallmark of developing good
manners and social skills, was supported through an upgrade of the dining hall including
soundproofing and a fijll modernisation of the school catering facilities. Through the generous
support of the Friends ofTerrington Hall, a'Hobbit House. was built to support outdoor leaming and
provide additional classroom space for our growing School.
Curriculum Enhancements
The EWSD committee oversaw the embedding of a number of academic and Covcurricular initlatives
including the incorporation of new GL pupil assessment sofvare in tandem with a new monitoring
process for targeting individual educational needs. Additionally, the School has developed an
innovative Year 8 Journey which is a lrfe skills programme designed to build confidence and
readiness for senior school. Thi5 complements our existing programme of leadership opportunitses,
exciting school trips and experiences which our Year 8 pupils enjoy in their final year at Terrington
Hall. Co-curricular continues to be a notable area of strength for the School and the Ad Astra, TALL
award and the House System are now fully embedded and give each child the confidence and
opportunities to discover their talents in a broad range of areas of interest.
Organisation
The Governor5 detemine the general policy and strategy of the school as a whole. The school is
divided into two sections-
Preparatory ('Prep')
Pre-Preparatory ('Pr&prep')
for pupils aged seven to thirteen years old.
for pupils aged three to seven years old.
The day-to-day management of both sections of the school is delegated to the Head.
Remuneratlon of Senlor Staff
The school aims to provide overall remuneration which is fair and competitive with the independent
School sector as well as proportionate to the Gomplexity of each role. In determining the right level
of pay and wider remuneration, the schod..
Has an established pay policy and pay scale
Has detailed job descriptions
Has a professional developmerrt review process
Appoints new staff to a point on the pay scale dependent on experience and qualifications
The Bursar and Heads salaries are benchmarked, and their salaries are determined by the School
Governors. There is no remuneration or other compensation for any Governor.

TERRINGTON HALL TRUST LIMITED
GOVERNORS, ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2024
CHARITY OBJECTIVES AND ACTIVITIES
Charitable ObJectlves and Publlc Benefits
The aims of the trust, as stated in the Memorandum and Articles and Association, dated 11
December 1974, are to provide all children, irrespective of race, religion, gender, background or
academic ability. with the chance to be involved in a caring, supportive and challenging environment
where their full potential may be reallsed. In the furtherance of this aim the Governors, as the charity
trustees, have complied with the duty in the Charities Act 2011 to have due regard to the Charity
Commission's published general and relevant sul>sector guidance concerning the operation of the
Public Benefit requirement under that Act,
Terrington Hall Trust Limlted's prlncipal activity continues to be the provision of a day and boardlng
school for 3 -13-year-old children.
Through our holistic, Innovative and purposeful curriculum, we aim to develop lively, enquirlng minds
instilled with a love of learning, polite and well-mannered children who display natural self-confidence
and humility, and critical thinkers and problem solvers with collaborative leadership skills to enable
them to thrlve in the 2111 Century.
To support these aims, we seek to encourage and foster in children our key values, which are rooted
in the Chrisb'an traditlon upon which the school was founded:
Kindness. We act with kindness always. It is at the heart of everything we do. We show
children the power of kindness, encouraging them to act with empathy for each other, their
community and our planet.
Confldence. As we take our chlldren on a joumey of discovery, we make learning fun and
Ilght a spark in hearts and minds. We show how with every small step, we learn and build
confidence in our own unique abilities.
Courage. It takes courage to do the right thing. We act with integrity, showing the value of
honesty and good character. We show how with courage, we can take calculated risks and
be willing to have a go without fear of failure.
Growth. As the world around us evolves, so do w8. We encourage children to expand their
minds, life experiences and skills, to build confidence and effect change now, and for the
future.
By following the values slated above and striving to equip our pupils with a love of learning and
abundant opportunities, we aim to expand their horlzons and prepare them for the brightest possible
future. Our vision is lo provide the best in preparatory education with opportunity, happiness and
community at the core.

TERRINGTON HALL TRUST UMITED
GOVERNORS, ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2024
CHARITY OBJECTIVES AND ACTIVITIES (contlnued)
The quality of education on offer at Terrington Hall continues to be broad, varied and of a high
standard. A full review of our offering has taken place this year as we lay the ground for our next
five-year strategic plan. A clear roadmap is now in place as we seek to continuously ensure that we
are delivering a modern, forward-thinking education based on traditional values. This approach has
included a refresh of our curriculum, new models of planning, mapping and tracking pupils progress
with a connected calendar of reporting and assessment. We have also implemented a new set of
classroom routines and approach to providing feedback as a response to pupil's work. Running
concurrently to this review has been a new approach to staff CPD with a weekly sesslon now
Included in the calendar. English has been a real focus this year with a newly appointed Head of
Department. Increasing the volume and quality of readlng has been a core part of our short-lemi
action plan and we are looking to refresh our Library over the next summer break. Teaching and
Learning is very much at the forefront of our approach. SEN Support in the School is strong with
new Head of Department in place. New pupil passports have been developed and training for staff
implemented to best support the children in school. This includes senior school preparations for all
pupils with progress, at the age of thirteen, to their senior school of choice, with the knowledge,
abilities and confidence to continue lo grasp every opportunity presented to them and contribute
positively wlthin their new setting. Our focus on the 'right school, right child, approach is an important
element of our offering. Our annual lecture and careers Series which are also open to parents have
been delivered on topics such as astronomy. the Bayeux Tapestry, marine biology and careers
including medical, aviation and journalism, delivered by parents, governors, alumni, friends and
senior school contacts on topics. For a small School Terrington Hall offers considerable breadth of
the academic study with pupils enjoying the challenge of Engllsh and mathematics includlng
vertically set mental maths each week, languages taught (Spanish, French, Latin and Greek)
alongside three separate sciences, along with a variety ofArts, Humanities and Ouldoor Education.
Teaching continues to demonstrate breadth and depth and adapted to individual puplls as
appropriate through differentiation. All pupi15 have prep diaries to record Ihelr work and across the
Prep School all pupils read for a daily 20-minute period.
Pupil wellbeing continues to be at the heart of the school's outlook, with weekly "Safeguarding and
Wellbeing, staff meetings, year group pastoral welfare lunches with the Headmaster and Deputy
Head Pastoral, increased emphasis on pupil voice with extra committees added, year group
designated boarding nights and a strong buddy and peer mentoring system. Our all-embracing
approach to pastoral care is noteworthy and provides a safe and nurturing environment for all of our
pupils and staff. We have introduced a new behaviour pollcy and invested significant time in staff
tralning and meeting time to ensure that the new, positive approach, has been embedded into our
routines. We have also made some signiflcant changes to our daily routines and room allocations to
reduce transition times and unstructured times. This has certainly helped a lot of our pupils by
reducing anxiety and increasing purpose to the start of lessons. We have also introduced a new
'Hobbit House, (thanks to our Friends Association) which provides a safe. quiet space during break
times. The House System with three houses for all pupils from Reception to Year 8 to be affiliated to
continues to provide a sense of belonging and purpose for our pupils. Points and house competitions
are tallied up on a weekly and termly basis, wtth a weekly awards assembly to celebrate successes
inside and outside of School. This culminates in a yearly overall winning house. We held numerous
competition5 and House events acros5 the year, including a Bake Off, where the money raised wenl
to our school charity, Dove Hospice, an essay competition, pancake race and many House sport
competitions also. Pupils regularly get the chance to showcase their achievement in other co-
curricular pursuits in our celebratory House assemblies, which are pupil-led to promote and celebrate
engagement in the co-curriGular programme whllst building pupils, public speaking and presentation
skills.

TERRINGTON HALL TRUST LIMITED
GOVERNORS, ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2024
CHARITY OBJECTIVES AND ACTIVITIES (continued)
Our rich, broad and vibrant co-curricular offering continues to offer a vast array of opportunities to
shape character. The Terrington Hall Adventure, Lrfe skills and Leadership (TALL) award programme
launched is now fully embedded into our programme and is hugely popular with pupils and staff,
facilitating hands on learning, STEM activities, collaboration, negotiation and critical thinking. We
have increased the number of Pèrforming Arts ensembles and groups and continue to invest in
resources and the infrastructure of our space. We have also increased the number of peripatetic
music and drama teachers to 10 with over 150 lessons taking place per week. Pupils have had
significant success with music and drama examination boards ABRSM and Trinity, wth all pupils
achieving pass to distinction levels. Over thirty pupils have taken exams from Initial to Grade 2 but
there have been significant successes at Grades 3 to 7, including three pupils achieving grade 5 or
6 piano, grade 7 saxophone and more than ten pupils achieving grades 4 or 5 in drama. We have
modified the leadership of our sports department to provide a new Head of Sport role and Head of
Athletic Development who also leads on PE and Swimming. This approach is aimed at alignment
with our school values and drive to embrace a co-educational approach to sport alongside providing
a separate focus for physical liter8cy and movement well-being. We also continue to offer a wide
range of educational trips with all pupils in Year 3-8 having the opportunity to benefit from a
residential trip during the school year. We offer additional tennis and cricket lessons which offer over
50 additional, peripatetic lessons per week.
We also continue to put stsff welfare, development and leadership at the forefront of our thinking. A
new leadership structure is now in place comprising of the Headmaster, Bursar, Deputy Head
Academic (Senior Deputy Head), Deputy Head Pastoral and Assislant Head Co-curricular. Role
clarity has also been developed for all Senior leaders and Middle managers. We have introduced
staff well-being group and included forums for support staff and parents into our regular routines. As
part of enhancing and improving the smooth running ofthe school, we now have a weekly operations
meeting built into our programme to help ensure that we improve organisation and communications
both internally and externally. We are working through our second cycle of the staff performance
review and have added in a collaborative, target setting process. This will continue to enhance
teaching excellence and assist with formally recognising exceptional performances of certain staff.
We continue to make good use of the IAPS Digital Academy and Educare platforms as a source of
professional development for stsff. The school also benefits from having an ISI Senior Team
Inspector on staff, facilitating the introduction of best practs'ces from around the country.
Our wider community is important and the strength of our 'Friends' committe8 is testament to this
fact. Regular meetings, events and fund-raising events all part of the fabric of life at Terrington. We
have also recently introduced a former pupils, parents and staff group called Terrington Connections
which is actively working to connect, maintain connections or re-connect with these groups. A recent
parent survey provided with some compelling information which has helped support the process of
construth'ng our next strategic plan. Key statistics are highlighted below, and key learnings have
helped us deliver a strong response as we seek to continue improving our offering.
95°A said they'd deflnitely or probably recommend the school - this is an exceptional
result showing the community hold the school in high regard (vs 930￿ in 2020)
78D/o said they're completely or very satisfied with the School
With 21 QA reportlng they're falrly satisfied = 99% overall satlsfactlon rate Ivs 96QA In
2022).
94°A sald the school has elther met or exceeded expectatlons Ivs 94% In 2020)
96°A of parents said) thelr chlldren are very happy or qulte happy at school Ivs 95/0 in
2020)

TERRINGTON HALL TRUST UMITED
GOVERNORS, ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2024
CHARITY OBJECTIVES AND ACTIVITIES (continued)
Aligned to our values, we strive to support many charities, through fundraising and in-school events
which resonate with, and are close to the hearts of our school communty. In recent years these have
Included.. Dove House Hospice and Myeloma UK. We are committed to widen publlc access to our
educational provision, via the use of our sports facilities and performing arts provision. This helps to
instil in our pupils an awareness of the wider social context of the education they receive. This has
included links with Terrington Primary school using our pool and collaborative support and training
for ECT'S.
Our connections wlth the local community continue to grow and children visit retirement homes at
Christmas to sing carols, our grounds team maintain Terrington village church's lawns and salt its
walkways in winter. The local primary school have attended our Remembrance Servi￿, been invited
to whole school events, such as Harry Potter Quidditch Day, Marshall Arts Day, Christingle Service,
Careers Lectures and STEAM activities. The local village is invited to attend our fireworks display
and Christmas Fair free of charge. We also maintain strong links with the Yorkshire Girls. Cricket
Board, who frequently use our indoor and outdoor facilities.
Fundralslng
The school's fundraising actlvlty Is mainly through events run by the dynamlc Friends of Terrington
Hall parent group who continue to support the school with events that raise funds as well as enhance
the community spirit that is so important to the Trust. The school does not have a paid Fundraiser.
Events this year have included a Summer ball, Champagne and Canapés evening, Burns Night,
Christmas Fair and Summer fete. Such activilies help to raise funds for special enhancements for
the chlldren and pull the communlty together via friend-raising.
Grant Maklng Pollcy
Grants, scholarships and bursaries are awarded by the Governors, in consultation wlh the Head on
a means-tested basis, through the Bursary Policy process. Various discounts are given to children
of the clergy, the armed forces, siblings, ex pupils and staff.

TERRINGTON HALL TRUST LIMITED
GOVERNORS, ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2024
ACHIEVEMENTS AND PERFORMANCE
Academic perfomance lies at the heart of the school's endeavours. To this end, quality teaching
and learning, accurate academic assessment of academic performance and a corresponding record
of pupils, academic achievements are core to our provision.
Terrington Hall uses a variety of assessments to infomi teaching and learning. To achieve this, we
use the suite of online and paper-based assessment tools offered by GL Assessment in the autumn
temi, and for some year groups in late spring. These assessments are intended to be used by
teachers to facilitate pupil progress and the evaluation of that progress against relevant national
standards. We have also developed our own tracking system in English and Maths to monitor
progress against this standardised data.
Pupils in Year 8 sitthe Common Entrance Exams in English, maths, the sciences, Spanish, French,
Latin, geography, history and TPR. Greek and additional maths are also examined as optional
subjects for a small number of pupils.
Below Is a table of the number of each CE grade awarded to pupils at the end of each of the last
four academic school years,
Percentage
of all rades
2023-24
2022-23
2021-22
2020-21
C and below
23
26
15
12
22
27
25
26
33
32
43
31
21
15
16
27
Pupils at Terrington Hall are prepared for entry to a number of dlfferent schools. Terrington Hall's
curriculum is designed to provide our pupils with a continuous learning experience throughout, but
with the aim of pupils leavlng for 13+ senior schools.
Pupils are prepared for entry andlor scholarshlp or exhibition awards to senior schools at 13+. Below
is a table of the number of these awards achieved by pupils at the end of each of the last four
academic school years.
Academic
Music
Drama
ArtIDT
Sport
Total
Rounder
2023-24
2022-23
2021-22
2020-21
15
12
All Year 8 leaving pupils were successful in securing their first choice of senior school. Destinations
in the past 5 years include Ampleforth College, Barnard Castle School, Bootham School, Durham
School, Malton School, The Mount School, Oundle School, Pocklington School, Queen Margaret's
School. Repton School, Ripon Grammar School. St Peter's School, Scarborough College, Sedbergh
School. Shrewsbury School, Uppingham School, Wnchester College, and Worksop College.
Our 22 Year 8 leavers achieved 15 scholarships to their senior school. The leavers, Common
Entrance average pass rate was Grade B with 1 OOD/o of pupils passing their Common Entrance.

TERRINGTON HALL TRUST UMITED
GOVERNORS, ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2024
FINANCIAL REVIEW
The Governors acknowledge that the 202312024 financial year has presented significant challenges
for the independent school sector. The combination of inflation, elevated interest rales, and
increased operational costs has required continued prudent financial management. The anticipated
removal of business rates relief and the imposition of VAT on school fees from 1 January 2025
further compound the financial pressures on the sector. Despite these headwinds, the school has
navigated the year effectively through rigorous cost control, strategic resource allocation, and
proactive financial planning.
Management and Govemors have continued to monitor financial performance closely, reviewing
budgets and forecasts in response to the evolving economic landscape, This ongoing vigilance has
ensured that necessary mitigating measures have been implemented to safeguard the school's
financial stability.
In temis of liquidity, cash flow remains strong and resilient, due to Strategic and responsible financial
management. wnile the School maintains modest overdraft facilities with the Bank, these have not
been utilised in recent years. An existing loan facility, initially secured as a precautionary measure
during the Covid-19 period, remains In place, and its terms have been reviewed in light of prevailing
financial conditions.
The total funds of the school as of 31 August 2024 stand at £775,66012023 £888,355), of which
£13,840 (2023 - £119,646) are held in restricted funds.
The Governors maintain a policy that free reserves (those funds not tied up in fixed assets or
restricted funds) should equate to at least months of expenditure on charitable activrties, which
currently equates to £446,000 At this level, the Governors believe the school would be in a position
to sustain it5 activities in the event of a significant downtum in income.
At present, free reseNes remain below this threshold, with a deficlt of £223,187. The Governors
continue to work towards strengthening reserves through a combination of cast efficiencies, targeted
revenue generation, and careful financial stewardship. Contingency plans are in place to manage
the financial impact of the forthcoming VAT changes, and the school is actively exploring measures
to offset these additional costs while maintaining ils commitment to providing high-quality education.
The Governors remain committed to ensuring the long-teTm financial resilience ofthe school and will
continue to lake all necessary actions to navigate the challenges ahead while upholdlng the school's
ethos and values.
10

TERRINGTON HALL TRUST LIMITED
GOVERNORS, ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2024
PRINCIPAL RISKS AND UNCERTAINTIES
Durong the year, the School's Govemors have examined the principal areas of Terrington Hall Trust's
operations and considered the major risks In each of these areas. In the opinion of the Governors,
the School has established systems which, under normal circumstances, should allow these risks to
be managed to an acceptable level in its day-to-day operation, A comprehensive Risk Register is
maintained and is being further developed to form the basi5 of a regular annual review of mltigation
measures necessary to mlnimise or control risks to an acceptable level,
The Governors continue to keep Terrington Hall Trust's activities under review, particularly with
regard to any major risks that may arise from time to time, and to monitor the effectiveness of the
system of internal controls and other viable means, including insurance cover where appropriate, by
which those risks identified by the Governors can best be managed and mitigated. For example, In
response to the global inflationary environment and the poliucal and economic 'Headwinds' the
school has a well-developed Board Long Term Financial Planning architecture for scenario planning
and longer-term financlal decision-making. This team has been closely monitoring the political,
economic and legal landscape, and in response, has continued to review all strategic options to
ensure continued financial sustainability.
The Senior Management Team is, through its day-to-day operational management of the charty,
responslble for managing and controlling risk in line with the approved policy and framework agreed
by the Board.
The key controls used by Terrin9ton Hall Trust include:
Formal agendas and documented Minutes for all Committee activity
Comprehensive strategic planning, annual planning, budgeting and management accounting
Established organisational structure and Ilnes of reporting
Formal written policies which are reviewed by Senior Management and Governors Annually
Clear delegation, authorisation and approval levels enshrined in formal Terms of Reference
Vetting procedures and oversight as required by law for the safeguarding of pupils, in
compliance with Keeping Children Safe in Education statutory requirements.
Designated Governors for enhanced oversight in key areas of school policy and practice
Clear procedures for safe staff and Governor recruitment
Annual ski115 audlt, succession planning process and annual Governor training to ensure
ongoing alignment of Board skills with the objectives of the school,
Health and Safety Issues are considered at regular meetings of the School Health and Safety
Committee.. a designated Governor is appointed to the committee, who reports to the Board.

TERRINGTON HALL TRUST LIMITED
GOVERNORS, ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2024
PLANS FOR FUTURE PERIODS
The Governors and Senior Leadership Team are currently in the process of developing our next five-
year strategic plan. The school has exceeded expectation over the last five years and is in a strong
position to approach the next period of development. The Senior team and Governors have worked
hard to meet the slrateglc objectives and initiatives to enable the school to grow and provide the best
possible outcomes for our children and staff.
Development of curriculum continues as a focus, as we seek to continually revlew and improve the
quality of our teaching and learning, This wll include a full mapping exercise and a series of staff
training sessions to SUPPOrt the development of our staff and a new digital strategy. Other possible
income generation is being explored. with increasing boarding, and targeted marketing, along with
holiday camps being key areas. In addltion to income generation, the school is looking at cost
reduction measures and long-term 5UStainability, with an audit planned for solar energy usage next
year. The governors have also committed to long term financial scenario planning, in view ofthe real
threat of the political and financial headwinds.
STATEMENT OF TRUSTEES, AND GOVERNORS, RESPONSIBILITIES
The Governors (who are also the directors and trustees of the Terrington Hall Trust Limited for the
purposes of company law) are responsible for preparing the Annual Report and financial statements
in accordance with law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accountlng Practice).
Company law requires the Governing Body to prepare financial statements for each financial year
which glve a true and fair view of the state of affairs ofthe charitable company at the end of the year
and of its financial activlties for that year. In preparing those financial statements the Governors are
required to..
select suitable accounting policies and then apply them consistently,.
observe the methods and principles in the Charities SORP.,
make judgements and estimates that are reasonable and prudent.,
state whether applicable UK accounting standards have been followed, subject to any
material departures disclosed and explained in the financial statements.,
prepare the financial statements on the going concern basis unle5S It Is inappropriate to
presume that the charity will continue in operation,
The Governors are responsible for keeping adequate accounting records whlch disclose with
reasonable accuracy the financial position of the charity and which enables them tc ensure that the
financial statements comply with the Companies Act 2006. They are also responsible for
safeguarding the assets of
the Charitable Company and hence for taking reasonable steps for the prevention and detection of
fraud and other irregularities.
12

TERRINGTON HALL TRUST LIMITED
GOVERNORS, ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2024
STATEMENT AS TO DISCLOSURE TO OURAUDITORS
In so far as the Govemors are aware at the time of approving our Governors, Annual Report:
there is no relevant information, being information needed by the auditor in connection with preparing
their report, of which the Company's auditor is unaware, and the Governors, having made enquires
of fellow directors and the Company auditor that they ought to have individually taken, have each
taken all steps that he15he is obliged to take as a director in order to make themselves aware of any
relevant audit information and to establish that the auditor is aware of that infonnation.
Approved by the Board of Governors at Its meeting on 13th March 2025 and slgned on Its behalf by:
K E Lamont
Trustee
13

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
TERRINGTON HALL TRUST LIMITED
Opinion
We have audited the financial statements of Terrington Hall Trust Limited {the 'School') for the year ended 31
August 2024, which comprise the Statement of Financial Activities, Balance Sheet, Cash Flow Statement and
Notes to the Financial Statements, including a summary of signifi'cant accounting policies. The financial
reporting framework that has been applied in their preparation is applicable law and United Kingdom
Accounting Standards, including FRS 102 Section 1A 'The Financial Reporting Standard applicable in the UK
and Republic of Ireland, (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements..
give a true and fair view of the state of the School's affairs as at 31 August 2024 and of its surplus for
the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.
Ba818 for opinion
We conducted our audit in accordance with International Standards on Auditing {UK) (ISAS (UK)) and
applicable law. Our responsibilities under those standards are further described In the Auditor's responsibilities
for the audit of the financial statements section of our report. We are independent of the School in accordance
with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the
FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in acoordance with these
requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a
basis for our opinion.
Concluslon8 relating to going concern
We have nothing to report in respect of the following matters in relation to which the ISAS (UK) require us to
report to you where:
the Governors, (who are also directors of the School for the purposes of company law) use of the going
concern basis of accounting in the preparalion of the financial ststements is not appropriate., or
the Governors have not disclosed in the financial statements any identified material uncertainties that
may cast significant doubt about the School's ability to continue to adopt the going concern basis of
accounting for a period of at least twelve months from the date when the financial statements are
authorised for issue.
Other Information
The other information comprises the information included in the Governors, annual report, other than the
financial statements and our auditor's report thereon. Our opinion on the financial statements does not cover
the other information and, except to the extent otherwise explicitly stated in our report, we do not express any
form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and,
in doing so, consider whether the other information is materially inconsistent with the financial statements or
our knowledge obtained in the audit or othemise appears to be materially misstated. If we identify such material
inconsistencies or apparent material misstatements, we are required to determine whether there is a material
misstatement in the financial statements or a material mi5Statement of the other information. If, based on the
work we have performed, we conclude that there is a material misstatement of this other information. we are
required to report that fact.
We have nothing to report in this regard.
14

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
TERRINGTON HALL TRUST LIMITED
Opinion on oth8r matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the Governors, Report for the financial year for which the financial statements
are prepared is consistent with the financial statements., and
the Governors, Report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the School and its enwronment obtained in the course of
the audit, we have not identified material misstatements in the Governors, Annual Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to
report to you if, in our opinion..
adequate and proper accounting records have not been kept, or returns adequate for our audit have
not been received from branches not visited by us,. or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of Governors, remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit. or
Responslbllltles of Govemors
As explained more fully in the Governors, responsibilities statement set out on page 13, the Governors are
responsible for the preparation of the financial statements and for being satisfied that they give a true and fair
view, and for such intemal control as the Governors detemiine is necessary to enable the preparation of
financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the governors are responsible for assessing the School's ability to
continue as a going concern, disclosing, as applicable, matters related to going concern and using the going
concern basis of accounting unless the Governors either intend to liquidate the School or to cease operations,
or have no realistic alternative but to do so.
Audltor's re8ponsibilitie8 for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our
opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in
accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise
from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be
expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are Instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of
irregularities, including fraud. The exient to whiGh our procedures are capable of detecting irregularities,
including fraud is detailed below.
We obtained an understanding of the legal and regulatory frameworks within which the company
operates, focusing on those laws and regulations that have a direct effect on the determination of
material amounts and disclosures in the financial statements. The laws and regulations we considered
in this context were the Companies Act 2006 together with the Charities SORP (FRS102) 2019. We
assessed the required compliance with these laws and regulations as part of our audit Pro￿dureS on
the related financial statement items.
15

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
TERRINGTON HALL TRUST LIMITED
Auditofs responsibilities for the audit of the flnancial statements (continued)
In addition, we considered provisions of other laws and regulations that do not have a direct effect on
the financial statements but compliance with which might be fundamental to the charitable company's
ability to operate or to avoid a material penalty. We also considered the opportunities and incentives
that may exist within the charitable company for fraud. The laws and regulations we considered in this
context for the UK operations were The Education (Independent Schools Standards) Regulations 2014,
Food Hygiene regulations, Health and Safety legislation, Employment legislation, Charity Commission
regulations and General Data Protection Regulation (GDPR).
Auditing standards limit the required audit procedures to identify non-compliance with these laws and
regulations to enquiry of the Trustees and other management and inspection of regulatory and legal
correspondence, if any.
We also considered the opportunities and incentives that may exist wrthin the charitable company for
fraud.
We identified the greatest risk of material impact on the financial statements from irregularities, including
fraud, to be the override of controls by management and income recognition.
In response to the risk of irregularities and non-compliance with laws and regulations and risk of fraud, we
designed procedures which included but were not limited to.. sample testing on the posting of journals, proof in
total testing of fee income, detailed substantive testing on the completeness of other sources of income,
reviewing regulatory correspondence and reading minutes of meetings of those charged with governance.
Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some
material misstatements in the financial statements, even though we have properly planned and performed our
audit in accordance with auditing standards. We are not responsible for preventing non-compliance and cannot
be expected to detect non-compliance with all laws and regulations. These inherent limitations are particularly
significant in the case of misstatement resulting from fraud as this may involve sophisticated schemes designed
to avoid detection, including deliberate failure to record transactions, collusion, or the provision of intentional
misrepresentations. We are not responsible for preventing fraud and cannot be expected to detect all fraud.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website at w￿.fre.Org.uk1audltorsrespQnSlb1lltle$. This description forms part of our
auditor's reporL We are not responsible for preventing fraud and cannot be expected to detect all fraud.
16

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF
TERRINGTON HALL TRUST LIMITED
Use of our report
This report is made solely to the School's members, as a body, in acLordance with Chapter 3 of Part 16 of the
Companies Act 2006. Our audit work has been undertaken so that we might state to the School's members
those matters we are required to state to them in an auditorfs report and for no other purpose. To the fullest
extent permitted by law, we do not accept or assume responsibility to anyone other than the School and the
School's members as a body, for our audit work, for this report, or for the opinions we have formed.
Sarah Wearing (Senior Statutory
or)
For and on behalf of HPH, Statutory Auditor
54 Bootham
YORK
Y030 7XZ
12 May 2025
17

TERRINGTON HALL TRUST LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
AND INCOME AND EXPENDtruRE ACCOUNT
FOR THE YEAR ENDED 31 AUGUST 2024
Unrestrlcted
Funds
Restrlcted
Funds
Totsl
2024
Totsl
2023
Note
Income and endowments from:
Donatsons
18,000
Charitable activities
School fees
other income
2,465,130
201.501
2,465,130
201,501
2,215,174
172,414
Other trading aclivities
Total Incom•
11211
£ 2,666.510
9,379
£ 9.379
9,258
11,956
£ 2,417.544
É 2,675,889
Expondltur• on:
Costs of Tai5ing funds
Charitable activities
20.082
2.647,172
7.598
113.732
27,680
2,780.904
41,298
2.420,388
Total expfrndlture
£ 2,667,254
£ 121,330
£ 2,788,584
£ 2,461.686
Net oxp•ndlturn
Transfers between funds
17441
16,1451
1111,951)
6,145
{112,6951
144,1421
Net movement In fund•
16.8891
{105.8061
(112,6951
144.1421
Recon¢iliatlon of fund•:
Total funds brought forward
Totsl funds carrl&d forward
768,709
119,646
888,355
932,497
£ 761,820
£ 13,840
£ 775,660
£ 888,355
The notes on pag8s 21 to 29 fomi part of th8se financial statements.
Income and nel movemant in funds derive wholly from conlinuing oper8tion$.
18

TERRINGTON HALL TRUST LIMITED
BALANCE SHE
AS AT 31 AUGUST 2024
Company number.. 01193407
2024
2023
Flxed assets
Tangible fixed asset8
984,987
912,899
Current a85frts
Stocks
Debtors
Cash at bank and in hand
8,824
94,8SI
1.392,450
12,010
139,828
435,158
10
21
1A96,125
586,996
Cr•dltor•: amounts falllng due wlthin one
year
11
11,110,771)
1529,5511
N•t ¢urrnnt •••ets
386,334
67,445
Tolal a¥8•ts le•• current118blllti?¥
1,370,341
970,344
Credltors: •mounts falllng dug •ft•r mom
than one yoar
12
(594,681)
181,989}
Total net assets
£ 775,660
£ 888.355
The funds of the charlty
Unrestricted funds
Restricted funds
14
1S
761,820
13,840
768,709
119,646
Total charlty fund8
£ TlS,660
£ 888,355
The financi31 slat8m&nts hav8 been prepared in accordance with the special provisions of Part 15 of the Compani8$
Act relating to small companies and constitute th& annual accounts required by th8 Companies Act 2006 and ar8 for
irculation to members of thè company.
Approved by th8 Board on 13 M8rch 2025
and signed on their b8h8lfby.'
K Lamont
Gov&mor
R L Cordingley
G0￿MOr
The notes on page$ 2110 29 ftim? part of these finan￿81 statements.
19

TERRINGTON HALL TRUST LIMITED
CASH FLOW STATEMENT
FOR THE YEAR ENDED 31 AUGUST 2024
Nots
2024
2023
Net cash {used inllprovided by operallng
activities
20
1,105,405
1157.9781
Cash flow from Investing activilies:
Purchase of tsngible fixed assets
{133,617)
135,762)
Nèt cash u60d in Investing actlviti08
{133,617
135,7621
Cash flow from Ilnanclng activitio4:
Repayments of borrowin9S
(14,496)
114,496)
N•t ¢a8h u••d In Ilnancing a¢llvltlo•
114,496
114,496}
Chang• in c•¥h and ¢o•h equlvalgnts In
tho y•av
967,292
1208,2361
CaBh and ¢a•h oqulvalents at bgglnnlng of
th• year
435,1 $8
643,394
Cash ¥nd G••h equlval•nts at ond of the
year
21
£1,392,450
£435,158
The notes on pages 21 to 29 fomi part of these financi81 statem8nts.
20

TERRINGTON HALL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
1 ACCOUNTING POLICIES
Legal entity
Terrington Hall Trust Limited is regulated by the Charib"8s Commission {532362}, limited by guarantee and is
registered in England and Wales. The address of the registered office and principal place of bu5ine5S IS
Terrington Hall Trust Limitéd, Terrington, York. Y060 6PR.
In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of
Ihe Charity.
Ba818 of prepar•tion
The financial statements have been prepared in accordance with Accounting and Reporting by Charities:
statement of Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard 8pplicable in the UK (FRS1021 (effective 1 January 20191, the Financial Reporting
Standard applicable in the UK 8nd the Companies Act 2006.
The charity m88ts the definition of a public benefit entity under FRS102.
Going concèm
The govemors have ¢onsidered the cash requirements beyond 12 month$ from datè of 8pproval of the accounts
and, having undertaken 8 rigorous scenario planning process, have a reasonable 8xpectation that tha Charitable
Company has adequate resource$ to continue in operational existence for the foreseeable future. They continue
to believe that Ihe going concern basls of accounting is appropriate in preparing the annual flnancial statements.
Fe0• and oth•r Income
Parent81 contributions, charge5 for services and us8 ol prernis88 are accounted for Ill the period in which the
service is provided. Fees Teceivable are slated after deducting allowances, scholaTship6 and other remissions
grgnled by the School.
Donatlon8
Donation5 rec8ivable for the genèral purpose of tha School are credited to "unreslTiCted funds" Donations for
purposes restricted by the wishes of the donor are taken to "reslricled funds" where thes8 wishes are leg811y
binding on the Trustees.
Othèr trading actlvhie8
All other incoming resources aro in¢lud&d in th8 SOFA when the School 58 legally enlltled lo the Income and the
amount can be quanllfied with reasonable accuracy.
Exp•nditure
Expenditure is accrued as soon as a liability is considered probable, di5counled to present value for longer-temi
liabilities. Expenditure attributable to more than one cost Category is apportioned to them on the basis of the
65tirnated amount attributable lo each activity in the year, either by reference to stsff time or the Lbse rnade of the
undeTtying assets, as appropriate. Thè irrecoverable element of VAT is included with the ilern of expense to which
it relates.
Bursaries and allowances from unrestricted funds towards school fees are treated as a reduction in those fees.
Govemance costs are costs associated with constitutional and statutory requiremen15. They include audit fees
and estimated costs linked to the strategic management of the School. Support costs are those incurred directly
in support of expenditure on the objects of the Sthool.
21

TERRINGTON HALL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
ACCOUNTING POLICIES Icontlnuedl
Tanglble fixed assets
Alteration and improvernent expendllure on freehold property is treated as capital if it results in additional floor
area for use of the School or if it signifiranlly enhances the property. Othe￿ise it 15 charged lo revenue a$
maintenance of buildings.
Dgpreclatlon
Depreciatson is calculated to write off the cost of fixed assets over their expected useful lives on a straight line
basis. The rates used are as follows:
Freehold propety
Freehold property - Integral features
Furniture, fittings and 8quipment
Furnilura. fittings and equipment- IT
Motor vehicles
2% per annurn straight line
5 % per annum straight line
1 OOA per annum straight line
25 /• per annum straight line
250A per annum straight lin8
Items costing less than £3.000 are vrritten off as an expense as acquired.
Assets ore depra¢iated onc6 brought into use.
Slo¢k•
Stock8 are stated at tha lower of cost and nel reali8able value.
Debtor•
Trade and other debtors are recognised al the settlement amount due after any trad8 dlscounl Offe￿d.
Prepayments are valued gt the amount prepaid net of any trade discount5 due.
Cash at bank and in hand
Cash at bank and cash in hand includes cash and any short term deposit accounts with a maturity ol three month8
or less from the date of opening.
Credltors and provislons
Creditors and provision8 are recognised whère the chaTity has a present obligation resulting from a past event that
wll probably result in the transfer of funds to 8 third party and the amount due lo settlè the obligation can be
mèasurad or estimated reliably. Creditors and provl$lons are nomally recognised at their settlement amount after
allowlng for any trade discoun16 due.
Where the School has received tuition fees in advance the amount is traaled as defOr￿d income until the pupll
joins the School whereupon the fees for each $¢hool lemi are Charged against the remaining balance and taken
Into income. Any shortrall is treated as a deduction from school fee income and any excess accrued is treated as
addition¥1 sthool income.
Flnancial in¥trumènts
The ch8rity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments.
Basic finanaal instruments are inilialty recognised at transaction value and subsequently measured at their
settlement value with the exception of bank loan5 which are subsequently measured at amortised cost using the
effective intere8t method.
Pension schemes
The charitable company contiibules to the Teachers, Pension Defined Benefit Scheme at rates set by the scheme
actuary and ad￿Sed to the board by the schème administrator. The schem8 is a Mult￿eMploYer pension scheme
and it is not possible to identify the assets and liabili118s of the scheme which ar6 attributable lo the Sthool. The
Scheme is therefore accounted for as a defined contribution scheme. Thè charitable company also contributes to a
defined contributions scheme for administration staff. In both Gases contn"butions are tharged lo the income and
expenditure account in the year in which they accrue.
22

TERRINGTON HALL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
1 ACCOUNTING POLICIES (continued)
Operating leases
Rentals payable under opérating leases are tharged in the SOFA on a straight line basis over the lease temi.
Funds structure
Funds comprise unrestricted fvnds whith have not been designated for other Pufposes. and are available for use
at the discretion of the Trustees in accordance with the chanlable objectives. Designated funds are unrestricted
funds earmarked by the Trustee5 for particular purposes. Restricted funds are to be used for specific purposes as
laid dowrs by th8 donor. Expenditure which meets thes8 criteria is charged to the fund.
I TAXATION
As a registered charity. Terringlon Hall Trust Limited is exempt from the lax on income falling within sections 466
to 493 of the Corporation Tax Act 2010 lo the extent that this is applied lo its charitsbl8 objècts. No tsx charges
have arisen in the Company.
2024
2023
3 OPERATING SURPLUS
Thè surplus for the y•ar 18 Ststsd after charylng:
Depreciation
Op6raling lease - equipment
Auditors, remunoralion
other fees paid to audltor
57.979
26,313
6,631
2,211
78,223
26,313
6,316
2.105
4 INCOME FROM CHARITABLE ACTIVITIES
School fv••
Gross fees
Less.. Scholarships and allowances
2,884,549
1419,4191
£ 2,465,130
2,567.126
1351.9521
£ 2,215,174
Other Income
Recharges to puplls for education and sports requisites
School Shop $818s
Other incom
195.029
5,600
872
148,943
14,574
8,897
£ 201.501
£ 172.414
All income from tharitsblè activities relatss to un￿StriG1ed funds.
6 OTHER TRADING ACTIVITIES
Fundr8i8ing activities
9,258
11,956
£ 9,258
£ 11,956
£12,126 of other trading activities relate5 to restricted funds12023.' £11,956).
Hire of accommodation r&lates to the renting out of the school's accommodstion during school holiday$ and by
renting out ￿ Properties.

TERRINGTON HALL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
6 ANALYSIS OF TOTAL EXPENDITURE
Other
costs
Tot•1
2024
Totsl
2023
costs
Depreciatlon
Cost of generating funds
Marketing and adv8rJslng
Fundralslng costs
Bank Intsr&st
Bad debts provided for
19.010
7,598
703
369
18.010
7,598
703
369
28,411
9,428
1.618
1,841
27.680
27.680
41,298
£11,03812023'. £9,428) of expandlturg on genèr811nq lunds relatss to r•$lricted fund8.
Chwltablo actlvkl••
Teathing costs
Welfare
Premls86
Support ￿¥13
Govemance co8t8
1,476,770
152,145
79.525
160.427
335,252
110,748
229.813
150.403
8.842
12.828
4,812
40.181
178
1,823.850
267.705
349.499
311,008
8.842
1,600.725
253,264
435,T13
222,205
8.421
1.867.867
835,058
67,979
2,760,904
2,420,388
Tot•1 •xp•ndltur•
£113,03912023', £79,381) of the expenditure on charll8ble aCtI￿lIeS rg18t&s to r851rlcted funds.
£ 1,867,867
£ 862,738
£ $7,979
£ 2.78B.584
£ 2.461,686
2024
2023
costs Includ•'.
Audllors, remun8ratlon'.
for 8udll serv1￿8
for other Ge￿IC&S
6,831
2,211
6.318
2,105
£ 8,842
£ 8,421
7 STAFF COSTS
Woges and salarlos
Sodal securlly c08ts
Olher penslon costs
Other costs
1,405,439
134,042
251,850
76,536
1,074.269
102,144
206.297
41.144
£ 1,867,867
£ 1,423,854
The 8verage monthly h8ad count waB 48 slafl 12023- 43> and tho average monthly number of full-llma equivalent
employees durlng thè yg?r w8re aB follows..
Tèaching
28
27
Welfare
Support
39
38
24

TERRINGTON HALL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
7 STAFF COSTS Icontlnued)
No employees rec8iV8d benefits be￿en £60,000 £69,999 during the year 12023., none). No employees
received benefits be￿en £70,000 £79,999 during the year12023.' non81. Onè employee received benefits
between £80,000- £89,g99 during the year12023.' one).
No governors nor any persons connected with them received any ￿m￿neratIOn or other benefits from the
school for their servicgs lo the charity nor were reimbursed for travel ewen5es during this or the pra￿dIng year.
The key management personnel of the Charity, comprise the governors, the Head Teacher. Deputy Heads -
Pastoral and Academic and Burs8r. The total employee benefits of the paid key management personnel of the
Charity were £322,35712023.' £307,458).
8 TANGIBLE FIXED ASSET8
Fumiture,
Ilxtures and
equipment
Fr•èhold
proporty
Motor
vehi¢188
Total
Co$L'
Al 1 September 2023
Additson8
1,702,983
104,125
357,976
25.942
45,944
2,106,903
13a.067
At 31 August 2024
1,807.108
383,918
45.944
2,238.970
Depreciats'on..
At 1 September 2023
Charge for the yaar
At 31 August 2024
834,462
40,161
330,980
9,457
28,562
8,361
1,194,004
57.979
874,823
340,437
36,923
1,251,983
Net book values..
31 August 2024
£ 932,485
£ 43,481
£ 9,021
£ 984,987
31 August 2023
£ 868.521
£ 26.996
£ 17.382
£ 912,899
The Governors consider th8 mark81 value of the freehold Property to be considerably in excess of ils book value.
Due to the costs involved in obtaining a professional valuation it has not been practicable to quantify the excess.
All of the tangible fixed a89ets relate to unrestricted funds.
2024
2023
9 STOCKS
CIo8lng Stod¢
£ 8,824
£ 12,010
Stod( of £1,507 rel818s to restricted funds In 2024 {£300 in 20231
10 DEBTORS
Trade debtor5
oth8r d8btor5
Prepayments and accrued income
55,599
6.297
32,955
82,543
10.821
46,464
£ 94,851
£ 139,828
Debtor5 of £2,803 relates to reslricled funds in 20241£2.110 in 20231
25

TERRINGTON HALL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
11 CREDITORS: amounts falling due within one year
2024
2023
Fees received in advance
Fe8s in advance scheme
Trade creditors
Other creditors
Taxation and social security
Pension
Bank loan and overdraft
Accruals
593.038
310,099
77,825
16.149
27,908
28,711
12.576
44,465
£ 1,110,771
333.808
62,527
17.855
26,920
20,508
14.498
53,435
£ 529,551
12 CREDITORS: amounts falling duo aftor one year
Bank loan
Fees in advance scheme
Olhar creditors
44,631
523,050
27,000
£ 594.681
54,989
27,000
£ 81.989
Amounts duo aft•r morn than one y•ar.
Repayable ba￿een 1-2 ytsars
Repayable be￿een 2 - 5 yesrs
12.576
594,681
14,498
40,491
£ 607,257
£ 54.989
All creditors relate to unrestricted funds.
The bank loan facilities are secured by a first legal charge dated 15 May 2014 over freehold propaty known 85
Terringlon Hall School, Terringlon, York, Y060 6PR. and a debenture Ilncluding Charged landl dated 15 May 2014.
The loan facilities represent 6Qh12023.' 8Vtrl of the nel book value of the freehold propety.
The interest ralas on Ihg loan8 are 3.46% or 30h ovor basa.
13 DEFERRED INCOME
Fèè• rncolved in advanc•
Balan￿ 811 Sepl8mb8r
Rel&ased lo statemont of financral acttvities
2024
2023
333,808
{333,808)
Deferred in the period
Balance at 31 August
593,038
333,808
£ 593,038
£ 333.808
Foe8 in advance schgmg
Balan* a11 September
Released lo statgment of financial actiwties
D8ferred in the period
833,149
Balan￿ at 31 August
£ 833,149

TERRINGTON HALL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
14 UNRESTRICTED FUNDS
Balance at
1 Sept. 2023
Income
Balance at
31 Aug. 2024
Expended
Transfers
Designated funds
Capital ftrnd
Undesignated funds
General
115.363
115,363
653,346
2,666.510
{2,667.2541
£ 2,686,510 £ {2,667,2541
{6.1451
£16,145)
646.457
£ 768,709
£ 761,820
Balance at
I Sepl. 2022
Income
Balance at
31 Aug. 2023
Exp8nded
Tran8f8rn
Designalad funds
Copilal fund
Undesignated lunds
General
115,363
115.363
638,655
12,372,897)
£ 754,018
£ 2,387,588 £ {2,372,8971
£ 768,709
Th8 unrestriclad 8chDoI funds are held to finance the freehold property and lo cover normal fluclualions in
working c8pitsI, split a8 designated be￿een freehold property and genèral reserves.
The capit81 fund represents the caprtal cost of tha origin81 land and buildings.
16 RESTRICTED FUNDS
2,387,588
653,346
Balance at
1 SepL 2023
Incomo
Balance at
31 Aug. 2024
Expended
Transfern
T&rringlon Hall Parents, Soci81
and Fundraising Group fund
Bursary fund
Ukranlan support fund
19,167
97,827
2,652
9,379
117,3011
1103,972)
1571
11,245
6,145
2,595
£ 119,646
£ 9,379
£1121,3301
£ 6.145
£ 13.840
Balance at
1 SepL 2022
In¢om•
Balanc• at
31 Aug. 2023
Expend•d
Trnnsf•r8
Terringlon Hall Parents, Social
and Fundraising GrDUP fund
Bursary fund
Ukranian support fund
16,639
161,840
11,956
15,000
3,000
19,4281
179,0131
1348)
19,167
97.827
2,652
£ 178,479
£ 29,956
£188,789)
£ 119.646
err
lon H811 Parents, Social and Fundraisin
The Terringlon Hall Parents, Social and Fundraising Group fund represents donations and fundraising to
purchase specific items.
fun
This fund relates to grants received foi Bursaries for spe¢ific purposes and additional teacher support for these
pupils.
Ukranian su
ortfuftd
This fund relates lo monies received for supporting Ukrani8n Students.
27

TERRINGTON HALL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
16 ANALYSIS OF NET ASSETS BETWEEN FUNDS
Net current
(liabilitie8)1
a￿ets
Tangible
fixed assets
Long
temi
Ilabillties
2024
Totsl
Unrestricted funds
Restricted funds
984.987
371,514
13.840
1594.6811
761,820
13,840
£ 984.987
£ 385,354
£ {594.6811
£ 775.660
Net current
Iliablliti09y
a88ets
TaThglblo
Ilxgd a8••t
Long
temi
Ilablllties
2023
Total
Unreslricled funds
Restricted funds
912,899
{62.201)
119,646
181,989)
768,709
119,646
£ 912,899
£ 57.445
£181,989)
£ 888,355
17 OPERATING LEASE COMMITMENTS
As al 31 August 2024 the charitable company had future minimum leese payments under non-cancellable
operating as follows..
2024
2023
Within one yaar
Betsveen one and five years
33,141
99.787
15,493
14,246
£ 132,928
18 RELATED PARTIES
£ 29,739
There were no related paty transactions during th6 year which were not offered on the same lemis as the
general public.
19 PENSION SCHEME8
The School partlClP8les in the Teachers, Pension Scheme I'the TPS'I for its leaching staff. The pension ch8rge
for the year includes conldbulions payable lo the TPS of £227.685 12023.. £186,981) and al the year*nd
£25,14012023 - £20,508) was accrued in respect of conlrlbulions lo this scheme.
The TPS is an unlunded mulli-employer defined benefit$ pension scheme governed by The Teachers, Pensions
Regulations 2010 las amenderj) and The Tea¢hers' Pension Scheme Regulations 2014 las amended). Members
contribute on a "pay as you go" basis with conlribullons from members and the employer being credited lo the
Exchequer. Retirement and other pension benefits are paid by public funds provided by Pariiament
The employ8r contribution rale Is sel by the Secretary of Slate following scheme valuations undertaken by the
Government Actuary's Department. The most recent actuarial valuation of the TPS was prepared as al 31 March
2016 and the Valuation Report, which was published in March 2019. confirmed that the employer conlribulion
rale for the TPS would increase from 76.40/0 10 23.60h from 1 September 2019. Employers are also requlred lo
pay a schemo adminislralion levy ol 0.080h giving a total employer contribution rale of 23.680/•.
The 31 March 2016 Valuation Report was prepared in accordano with the benefits sel out in the scheme
regulations and under the approach specified in the DirectSons, as they applied at 5 March 2019. However, the
assumptions were considered and sel by the Department for Education prior lo the ruling in the
'McCloudlSargeant case,. This case has required the courts lo consider cases regarding the implementation of
the 2015 refom)s lo Public Service Pensions includlng the Teachers, Pensions.
28

TERRINGTON HALL TRUST LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
19 PENSION SCHEMES Icontinuedl
On 27 June 2019 the Supreme Court denied the government permission to appeal the Court of Appe81's
judgment that transitional provisions introduced to the reformed pension schemes in 2015 gave Tise to unlawful
age discrimination. The govemment is respecting the Court's decision and has said it wll engage fully with the
Employment Tribunal as well a5 employer and member represenlatwes to agree how the discriminab.ons will be
remedied. The government announced on 4 February 2021 that it intends to proceed with a delerred thoice
underpin under which members will be able to choose either legacy or reformed scheme benefits in respect of
their seTvice during the period ba￿een 1 April 2015 and 31 March 2022 at the point they become payable.
The TPS is subjed to a cost cap mechanism which was put in place to protect taxpayers against unforeseen
changes in scheme costs. The Chief Secretary to the Treasury. having in 2018 announced that there would be
review of this cost cap methanism. in January 2019 announced a pause to the cost cap mechanism followng the
Court of Appeal's ruling in the McCloudlSarg6ant case and until there is certainty about the value of pensions lo
employees from April 2015 onwards. The pause was lifted in July 2020, and a consullatson was launched on 24
June on proposed changes to the cost control mechanism following a review by the Govemmenl Actuary. The
consultation dosed to rè8pons& on 19 August 2021 and the Government is currently anatysing the responses.
In view of the above rulings and decisions the assumptions used in the 31 March 2016 Actuarial Valuation may
become inapproprlate. In thi5 Scenario, a valuation prepared in accordance With revised banefils and suitably
ravised assumplions would yield different results than those conlain6d in the Actuarial Valuation.
Untll the ¢o$l cap mechanism revlew is completed11 1$ not possible to conGlude on any financial impact or future
changes to the contribution rates of the TPS. Accordlngly no provision for any addllion81 past benefit pension
costs is included in these financial ststem8nts.
The School also run5 a stheme for its non-leaching staff, which is a defined contributlon sch8me. The pènsion
charge for the year includes contributions payable to the scheme of £24,165 12023-. £19.317. At the year-end
£3,57212023= £nil) w88 accrued in respect of contribution5 to this sch8me.
20 RECONCILIATION OF NET INCOME TO NET CASH FLOW
FROM OPERATING ACTIVITIES
2024
2023
Net Income for thè reportlng parlod
Depreciation of tangible fixed 8ssels
Loan interest
Oecrease in stocks
Decre8s811Infftase) in debtors
{Dtcreaseylncrease in creditors
Net cash used In operntlng acdvltles
1112,695)
57,979
2,216
3,186
44.977
1,109,742
144,1421
78,223
2.626
10,976
151,7021
11 $3,959)
£1157.978)
£ 1,105.40S
21 ANALYSIS OF CASH AND CASH EQUIVALENTS
Cash at bank and in hand
1,392,450
£ 1,392,450
435,158
Total cash and cash equlvalents
£ 435,158
ANALYSIS OF CHANGES IN NET DEBT
At
1 Sept 23
At
31 Aug 24
Cash-flows
Cash
435,158
957,292
1,392.450
435.158
117.498)
181.989)
957,292
11.922)
(10.3581
1.392,450
115,5761
171.6311
Loans falling due within one year
Loan5 falling due after more than one year
335.671
945,012
1,305,243
29