REGISTERED COMPANY NUMBER: 03301881 (England and Wales)
REGISTERED CHAIUTY NUMBER: 1060403
Report of the Trus¢ees and
Fln*nclAI Statementy for the Year EDded 31 August 2024
for
Chaigeley Educatlonal FoundAtlon

Chalgeley Edueatlonal Foundation
Content5 of the Flnanclal St&temeDt5
for the Year Ended 31 August 2024
Page
Ch*lr of Trustees Report
Report of the Trusteeg
Report of the Indeptndent Audltors
7 10 10
Statement of Flnancl*l Actlvltles
B4lADce Sheet
12
Cash Flow Statement
13
Notes to the Cosh Flow Statement
14
Notes ¢0 the Flnanelal Statements
15 10 26
De¢alled StAtement of Financial A¢tlvltles
27 to 28

Chal2eley Educational Foundatlon
Chair of Trustees Report
for the Year Ended 31 August 2024
l am pleased to be able to report that the school ha8 had a yet mor¢ 8uccessful year in Tnany ways. We havc consolidakd our
financial position, and are now finally conformant with our r¢s¢rvcs policy, enabling us to free more resOu￿¢S to invest in
the children's education and development
We were visitcd by Ofsted in January for an ungraded inspection, resulting in a very positivc continuation of our Good
rating. The Board wish to recognisc thc hard work and dedication of all the stsff to achieve that excellent result.
We have been able to idcntify funds io invest in a very ne¢essary upgrade to ow s¢hool IT rcsources, with a new rcliable
network. and up to date workstations for the staff and pupils, ensuring that the IT they use al school reflects accurately the
IT they will use when they leave and develop their ¢ar¢¢rs. We have also been able to revamp and r¢n¢w our workshop
facilities to be able to offer wider ranging occupaiional courses, with more forn]al qualification5. As ever the Chaigclcy siie
and buildings continuc to offcr ncw challenges - this year the large pond in our forest school grounds, showed evidcncc of
unwelcome potentially dangerous bacterial infection. to resolve thi5 we have had to empty and fill in the pond a not
inconsiderable task involving thousands of tons of infill.
At the same time, we have also fully renovated our school dining area, with both inside and outside eating space. The dining
room now is now a fully-fiedgcd 'diner', lar more welcoming to the children, 8nd has resulted in a significant upturn in the
number of children choosing lo eat their lunch together.
We have continued developing our cuThiculum offering and therapy provision, focusing on pupils, key skills, mental health
and career offerings. Our cutTiculum developmcnt is focusing on ensuring continuity between KS 2 and 3 in all major areas,
following feedback from Ofsted. Following thc resignation of key subject teacheT$ in the last t¢rni, we have been successful
in recruiting experienced English and Maths teachers lo help driv¢ the cU￿1CulUrn development.
One area that wc continue lo focus on is Staff mental hcalth and wellbeing. In addition lo our wellbcin¥ service providiny
access lo various pod¢asts and access to mental health support in addition lo physiotherapy, wei¥hi m&na¥¢ment,
menopause support, we hav¢ further developed our new fvlly equipped staff r(pom, and are now in the process of developing
under-ulilised space Ithal is not suitable for classrooms) lo provide a larger gym, and more individual meeting rooms.
We continue 10 work closely with our providcrs, supporting them as they wnlinue lo be challenged by the increasing
number of children needing special educa(ional support. We have managcd to reorganise and provide an additional (ew
places and are now able to provide for ai Icast 60 pupils - more than at any time in the last 20 years. We continue to talk to
them about how best we can meet their specialisi needs. W¢ do not see any further potential in developing the sile for morc
pupils - more pupils mean more staff, and would seriously risk the overcrowding of the site lo the detriment of the children'5
wellbeing.
It is really plcasing for myself and the trustee board to continue to see the progression of the school and we would like to
thank the hard work and d¢diLation of all our staff who have all contributed lo our success. A special mention should also
go to our skillcd and dedicated estates team, who continue to implement tnany of the projects themselvcs in a most
cost-effectivc and professional manner
Wlll Howell
Chilr of Trustees
Page I

Chaigeley Educatlonal Found*don (Reglstered number: 03301881)
Report of the Tru$tee8
for the Year Ended 31 August 2024
The truslecs who arc also directors of the charity for the putposes of the Companie5 Act 2006, prcsent their report with the
finan¢ial statements of the charity for th¢ ycar ended 31 August 2024. The trustees hav¢ adopted the provisions of
Accounting and Reporting by Charities.. Siatcment of Recomtncnded Practice appli¢abl¢ to ¢hariti¢s preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of ireland (FRS 102)
(effective l January 2019).
OBJECTIVES AND ACTIVITIES
Charltable Objectlves And Principle A¢tlvlty
The principal object of the charity is to advance the education of children with social emotional, mental health and other
complex needs. Th¢ ¢harkty operates a non-maintained special school, Chaigeley School, a special school approved by the
Dcpartment for Education, for boys girls aged eight to six¢een.
Alms and ObJt¢tlves
Chaigeley School educates and caters for children and young people with social, eTnotional and mental health needs. It is a
non-Tnaintained special school which serves as a resource for Local Authorities whose own provision ha5 not been able ¢0
meer the need5 of the pupil.
Pupils arc rcferrcd to Chaigelcy School by Local Authorities from acmss ihc country but primarily from Ihc Northwest of
England. The number of pupils varies between 45 and 60. numbers fluctuate throughoui the year depending upon the needs
of pupils necding a specialist setting.
Chaigeley aims lo provide support and educational programmes io enable pupils lo reach their potcnlial academically and to
develop their social, emotional and behavioural maturity. By doing so pupils can move on from Chaigeley being able to
make infornied choices about their fuiure. A furihcr aim of Chaigeley is to prepare pupils for a return to education in their
home environmenl, prefcrably in a mainstream schuol. Whcrc this is not possiblc, pupils are encouraged lo successfully
complete their education al Chaigeley by obiaining qualifiralions and skills allowin¥ them lo participate positively within
their community to achieve economic wellbeing and feel ￿llY included.
In setting our objectives and planning our activities ihe Trnstees have given careful Consideration to the Charity
Commission's general guidance on public benefit.
Chaig¢ley's main objective over the next three years is lo build on current reco¥niscd goud pra¢ti¢e and expand provision in
iems of both direct and indirect input to pupils with social. emotional and mental health needs. Stsff skills will be
developed to meet the in¢r¢ased demands placed upon them with continued professional development.
The key strategies io achieve the objectives as set out in the school development plan are as follows.. .
- Improving further the quality of teachin8 10 refleci the receni changes and expectations of external monitors such as Ofsted
and LA'S.
Developing the curriculum lo make it even more relevant and needs specific in lernis of interest and motivation as & means
of increasing participation and improving outcomes and attcnd&nce.
Developing the leaming environment (including the grounds) to reflect curriculum changes and support increased
motivation and attenddnce of pupils.
Increasing the influence of 'therapy' as supporting improved behaviour, outcomes and attendance
Page 2

Chaigeley Educational Foundation (Registered number." 113301881)
Report of the Trustees
for the Year Ended 31 August 2024
O￿lEcTIvEs AND ACTIVITIES
Ethos And Vision
Chaigeley School offers a flexible approach to meeiing the needs of young p¢ople who experience Social, Emotional and
Mcntal Health (SEMH) needs. We are a 'specialisl' environment for young people who find effectivc Communication for
mAny different reasons, more challenging than mosr.
Our Vision is to "Prepare and empower our young people with all the skills th¢y need to live independent lives, become
valued members of the community and achieve their true potential"
We use our ISHARE values to support our Key Principles of learning in Trluriuring Personal Potential,.
Independence
Self-Rcgulation
Honesty
Acceptance
Relationships
Emotional Intelligence
We believe our six principles help us in TrIURTURING PERSONAL POTENTIAL, ensuring S￿dents have the skills 10
thrive in their next siage of life and grow holistically a5 individuals. Wc provide a 5UPPOrtive environment helping our
pupils develop self-regula(ion, encouragin8 ieamwork, confidence and self-belief which leads them to a more promisin8,
suciesbful fuwre.
Publlc Beneflt, Alms and Intended Impact
ThL SLhool's publiL bcnclit aims (u pruvidc cducation throu¥h a slruclurcd and conirollcd environment lo siudents whose
needs cannot be mel in mainstream education. This is achieved by encouraging siudents lo leam self-discipline, panicipale
in and be enriched by the challenges ot. School life and home life. We aim for all young people to realise rheir full potential.
In setting out policy and planning these activities the Trustees have Considered the Charity Commission's general guidance
on public benefil.
FINANCIAI. RF.VIEW
Growth #nd Don#tlons
The Dcpartrncnt for Education continues to provide grants to the school (o improve standards including resources for capital
projects.
We also receive various small donations throughout the year.
Results and Achlevements for the Year
The year started with 48 pupils on roll and ended the year on 56. The prepared budget made at the start of the year predicted
a surplus of £233,005. At the end of year, the sutplus was £232,644.
We have continued with improving our academic results with all of our year I I leavers achieving GCSE qualifications.
Qualificationb have been awarded in Maihs. English. Chemibtry, Art. Gernian and ICT. Some students also achieved
¢xl¢rnal vo¢aiion&l qualifications in construction. All of our year I I leavers have s¢¢ured places &t higher ¢du¢ation
institutions. We have a number of ex-students that have gone on to secure places al university and are progressing well.
Investment pollcy and objectlves
Under the MeTnorandum and Articles of Association. the charity has the power to Tnake any investment that the trustees see
rit. Wc havc lifflited funds available to invest and conscqucntly we b()Id our reservcs in short temi. ini¢rest-bearing
accounts. This providcs low risk invcstmcnt allowing flcxibility for working capital purposcs whilst obtaining limited
rctums. During Ihc ycar, somc available funds were placed in a CCLA deposit [￿nd. The remaining funds bein¥ held our
current account.
Pagc 3

Chalgeley Educatlonal Foundatlon (Reglstered number: 03301881)
Report of the Trustees
for the Year Ended 31 August 2024
FtNANCIAL REVIEW
Re5erve5 poIIcy
Due lo fundamentsl uncertainties surrounding the school's income and the ever-incr¢asing expenditure requirements. the
Trustccs bclicve th&1 the frcc rcseNcs should fall within a range thai provides security and tlcxibility in the context of
operational requiremcnts. The target range has bccn sct at one iemi of costs with amounts above this providing an
opportunity to grow the charit&blc works. On 31 st August 2024, (he free resuves amounted to £977.712 which is just under
our average (ernily expendi￿re of £1,187,118. We expect to have a terni of Costs in the early part of the new academic year.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governlng document
Thc Charity is govcmed by the Instrnmenl of Government which encompasses the Memorandum and Articles of
Associaiion. The ttusiees have during the year updaled ihe Instrument of Government and following Charity Commission
approval this was fornially adopted on I st September 2022.
The Foundation was incorporated on 14 January 1997 as 4 company limit¢d by guarantee, as defined by Ihe Companies Act
2006, to maintain Chaigeley School, which since 1946 had been ¢arri¢d on as an unincorporated Charity.
Re¢ruitment and appointment of new trustees
The skills mix of the group of Trnstees is considered regularly And particularly followtng retirement or resignation of a
trustee. Skills audits are taken on an annual basis and where it is feli that there is a need to expand the expertise ofthe group
external advertisements are placed in relevant journals or appropriate or8anisations contscted. The prospectivc tnjstees are
invited lo the school to see how the school operates and mcet other trustees and staff. If the prospective trustee h&$ the
suitable skills, knowledge and experience and are positively veited by the Disclosure and B&￿ing Service they are inviled ¢0
join Ihc Gov¢rning Body prior to elcciion at the following AGM.
New Irusiees are irtducted into ihe workings of the school, and of Ihe Company as a registered charity on an individual basis
following appointment. They are provided with Charity Commission inforniaiion on the responsibilities of being a ttvslee
and take part in training provided by both the School and extcrnal bodies al various times throughout the year lo address
relevant issues.
OrgAnl&atlonAI structure
The Governing Body meets al least three times each year and deterniin¢s the general policy of the school. The day-to-day
management of the school is delegated to the principal and the school business and finance manager.
There is one Governing Sub Committees.. The Finance Committee. There are link govemors who directly moniior and
support subject leads and other key areas across the school reportlll8 back to the ￿1] governing Ix)dy.
Wlder network
The School 15 an active membcr ot. the following organi5alions'
NASS (National A&%ociation of Special Schools)
ENGAGE (Engage in their future)
Rlsk management
The Truste¢s are responsible for the id¢ntificlltion and control of the risks faced by thc school. Th¢re are several controls in
place that address the risks aSs￿lated with governance and management. personnel, operations, financial, environmental
and compliance risks. Through the committee activities the risks are identified &Md assessed, and controls are put in placc 10
addr¢ss these risks. Key to the control environment are the controls including comprehensive strategi¢ planning. budgeting
and management accounting combined with a clear organisational structure linked into the Trusiee meetings.
A fornial risk management pro¢¢ss has been established with each committee asscssing the risks relevant to their area of
work. This has been effective in identifying risks and allowed the trustees and management of the charity to implement
suitlble control procedures to minimise the risk.
Page 4

Chaigeley Educatlonal Fovndatlon (Reglstered number: 033111881)
Report of the Trustees
for the Year Ended 31 August 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Compgny nllmber
03301881 (England and Wales)
Reglstered Chxrlty number
1060403
Reglstered offl¢t
Chaigcley School
Lymm Road
Thclwall
WH￿}ngton
Cheshirc
WA4 2TE
Trustees
Finance
Committee
Mr Will Howell
Mr Christopher Haines
Ms Jilly Ann Atherton
Mr Tim Askham
Mrs Hannah Middleton
Mrs Amy Nisbet
Mr Marlin Oldfield
Mrs Elizabeth Parker
Mrs Hilary Brooks
Mrs Jackie Carter
Miss Gemma M¢Caig
Mr Beloved Ogundipe
(ChaimJ&n)
(Vice Chaim)an)
Resigned 5th March 2025
Appointed 7th May 2024
Appoinied 7th May 2024
Appoinied 7th May 2024
MAna8ement Te4m
Mr Paul Lambert
Mrs Rachel Guyer
Mr Patrick Boyle
Mr Noel Conreen
Mrs Ruth Myers
Mrb Robyn Shevlin
(Principal)
(Deputy Principal)
(Assi51ant Head of Education) Resigned 31 st August 2024
(School Business & Finance Manager)
(sI￿.NDc0)
(Head of Therapy)
Company Secretary
N D Conrcen
Audltors
Voisey & Co LLP
8 Winmarl¢igh Street
Warrington
Cheshire
WAI IJW
Clerk to the Governors
Enttust Govrmor Scrvices
Page 5

Chalgeley Educatlonal Foundation (Registered number: 03301881)
Report of the Trustees
for the Year Ended 31 August 2024
REFERENCE AND ADMINISTRATIVE DETAILS
B*nkers
The Co-operative Bank
l Balloon Street
Manchester
M60 4EP
Insurers
Innovaiive Broking
20 St Dunstsn's Hill
London
EC3R 8HL
STA TEMENT OF TRUSTEES, RESPONSIBILITIES
The tNstces (who are also the directors of Chaigeley Educational Foundaiion for the purposes of company law) are
responsible for preparing th¢ Annual Report and th¢ financial statements in accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Gencrally Accepted Accounting Pr￿lice).
Company law requires the trustees lo prepare financial siatemenls for each financial yeu which givc & true and fair view of
Ihc statc of affairs of the charitable company and of the incoming resources and application of resources, iftcluding the
incoTne and expcndiDJrc, of the charitabl¢ company for that period. In preparing those finan¢ial statements, the trustees are
required io
select suitable accounting wlicies and then apply them consislenily;
observe the methods and principles in th¢ Charity SORP.,
make judgemenrs and eslimatrs that are reasonable and ptudent;
prepare the financial siaremenls on ihe going concern basis unless it is inappropriate to presume that the charitable
company will continue in business.
The trustees arc responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the
rinancial pobiiion of the Charitable Company and to enable them to ensure that the financial stmtemenis comply with the
Compani¢s Act 2006. They are &lso responsible for safeguarding the assets of the charit&ble comp&ny and hence for taking
reasonable step5 for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware..
Ihere is no relevant audit inforn]alion of which the charitable company's auditors are unaware., and
Ihc trusices havc l&ken all steps that Ihcy ought to have tak¢n to make themselves awarc of any relcvanl audit
inforniaiion and to esiablish that the auditors are aware of that inforniation.
AUDITORS
The audiwrs, Voisey & Co LLP, will be proposed for re-appointment al the forthcoming Annual General Meeting.
Approved by order of the board of trustees on ...................
and signed on its behalf by..
W Howell - Trustee
Page 6

Report of the Independent Auditors to the Members of
Chalgeley EducatSonal Foundatlon (Regfistered Dumber: 113301881)
Opinion
We have audited the financial statements of Chaigeley Educational Foundation (the'charitable compAnyJ for the year ended
31 August 2024 which ¢ornpris¢ the Sta*meni of Financial Activities, the Balance Shcet. the Cash Flow Statement and
notes to the financial statements, including a summary of significant a¢¢ounting policies. Thc financial reporting framework
that has been applied in their preparation is applicable law and United K￿gdO￿n Accounting Standards (United Kingdom
Generally Accepted Accounting Practice).
In our opinion the financiRI statements..
give a trne and fair view of the state of the charitable company's affairs as ai 31 Augusl 2024 and of its incoming
resources and application of resources, including its income and expenditurc, for the year then ended-
have been properly prepared in accordance with United Kingdom Generally A¢¢epted Accounting Practice,. and
have been prepared in accordance with ihe requirements of the Companies Act 2006.
Ba51s for oplnlon
We conducted our audit in accordance with International Stsndards on Auditing (UK) (ISAS (UK)) and applicable law. Our
responsibiltties under those siandards are further described in the Auditors, responsibilitics for the audit of the financial
sts(ements sectton of our report. We are independent of the charitable company in accordance with the ethical
requirements that are relevant to our audit of the financial ststements in the UK, including the FRC'S Ethical Standard. and
we have fiklfilled our other ethical responsibilities in accordance with ihesc requirements. We believe that the audit
evidence we have obtaincd is sufficient and appropriate to provide a basis for our opinion.
Conclujlons relailng to golng coneern
In audiiing the financial slalemenls, we have concluded that the trustees, use of the going concern basis of accounting in the
preparation of the financial statements is appropriate.
Based on the work we have perfomied, we have not identified any material unccrtainiies relating lo events or conditions
that, individually or collcciively, may cast significant doubt on the ¢haritable company's ability lo conlinue as a ¥oing
concem for a period of al l¢asl Iwelve months from when the financial staicmenls arc auihorised for issue.
Our responsibililies and the responsibilities of the trustees with respect to going concern are described in the relevant
sections of this report.
Other Informatlon
Th¢ trusteeb are responsible for thc other inforniation. The other infomation comprises the inforn]aiion included in the
Annual Report, other than the fin&n¢ial statements and our Rcport of the Independent Auditors thcreon.
Our opinion on the financial statements does not cover th¢ other inforniation and. except lo the extent othenvise explicitly
stated in our report, we do not exprcss any fomi of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other infornialion and, in doing so,
considcr whcthcr thc othcr infomation is materially inionsistent with the financial statcmcnts or our knowlcdge obthined in
the audit or othcrwise appears io be materially misstaied. If we identify such material inconsistencies or apparent material
misstatements, we are rcquired to detemine whether this gives rise to a material misstatement in the financial st&lements
themselves. If, based on the work we have perfomied, we Conclude that there is a material misstatement of this other
information. we are required io report that faci. We have nothing to rq)ort in this regard.
Opinions on other mAtters prescribed by the Comp*llfies Act 2006
In our opinion, b&s¢d on the work undertaken in the course of the audit..
the inforniation given in the Report of the Trnstees for the financial year foT which the financial statements are prepared
is ¢onsist¢nt with the financial statements., and
the Report of the Ttustees has been prepared in accordance with applicable legal requirements.
Pag¢ 7

Report of the Independent Auditors to the Members of
Chalgeley Educatlonll Found*tlon (Registered number: 113301881)
Matters Dn whi¢h we )Ire required io repori by exception
In the light of the knowledge and understanding of the ¢haritabl¢ company and its environment obtained in the rourse of the
audiL we have not identified material misststments in the Report of the Ttustees.
We have nothing to report in respect of the following matters where the Companie5 Act 2006 requires us to report to you if,
in our opinion:
adcquate accounting records have not b¢en kept or returns adequate for our audit have not been received from branches
not visited by us. or
the financial statements are not in agrecmcnt with the accounting records and remrns. or
certain disclosures of trustees, remuneration specified by law are not made. or
we have not received all the information and explanations we require for our audit,. or
the ttuslees were not eniitlcd lo takc advantagc of the small companies exemption from the requirement to prepare a
Strategic Rcport or in prcparin¥ ihc Rcport of ihc Trustces.
Responsibilities of trustees
As explained more fvlly in the Statement of Trustees, Responsibilities, the lrnstees (who are also the directors of the
charitable Company for the purposes of company law) are responsible for the preparation of the financial statements and for
being satisfied that they give a ttue and fair view, and for such internal control as the twstees deterniine is necessary io
enable the preparation of financial statemenis that are free from material misstaiement. whether due to fraud or error.
In preparing the fin￿ClaI statements, the trustees are responsible for assessing the charitable company's ability lo continue
as a going concern. disclosing, as applicable, matters related io going conccrn and using the goin8 concern basis of
accounting unless the trustee5 either inlend to liquidate the ¢haritable company or to cease opcraiions. or have no realistic
alternative but to do 50.
Page 8

Report of the Independent Auditor5 to the Members of
Cbgigeley Educatlonal Foundatlon {Reglstered number: 03301881)
Our responsibilities for the audlt of the fiBancl81 statements
Our objeciives are to obtain rcasonablc as5uran¢e about whether Ihe financial ststements as a whole are free from material
misstat¢m¢nt, whether due to fraud or error. and to issue a Report of the Indcp¢ndent Auditors that includcs 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 Miss￿teMent when it exists. Misslatements can arise from fraud or error and are
considcrcd material if, individually or in thc aggrcgate, thcy could rcasonably be expected to influence the economic
decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below..
I We enquired of management and those charged wilh governance about acbjal and potential litigation and claims in the
ontext of thc company, including r¢vi¢w of relevant nominal ledger accounts.
2 - We obtained an understanding of laws, regulations and guidance that affect the company, focusing on those that had a
direct effect on ihe financial statemenis or that had a fundamental effect on their operations. Key laws, regulations and
guidance that we identified included the Companies Act 2006, health and safety legislation and employment l¢gislation.
3 - We enquired of management and ihose charged with goven)anc¢ to identify any instan¢¢s of non-complian¢¢ with laws
and regulations. We also rcvicw¢d meeting minutes where available for evidence of non-¢ompliancc with relevant laws and
regulations.
4 - We reviewed the company's financial slatement disclosures, and agreed a]1 to supportin8 documentation to assess
compliance with the applicable laws and regulations discussed above.
5 We 8ained an und¢rstanding of the controls that management have in plac¢ to prevent and detect fraud. We enquired of
management aboul any incid¢nces of fraud that hud taken pla¢e during Ihc accounting period.
6 - The risk of fraud and non-compliance with laws and regulations was discussed within the audit team and i¢sls were
planned and perfornied to address these risks.
7 - In addressing the risk of frdud due lo management override of controls, we performed testing of journal en(ries and other
adjustments For appropriateness, evaluating the business rntionale of si8nifi¢ant transactions outside the normal course of
businebs and reviewing accoun(in¥ esiimales for bias.
8 - We also challenge management assumptions with regard to accounting estimates.
Despite appropriate planning and perfoming our work in accordance with Intrnational Audiiing Standards, there are
always inherent limitstions that non-complianc¢ is not detected. Non-complian¢¢ with laws and regulations is often further
removed from the events and transactions refl¢¢ted in the financial statements and material misstatements due to fraud can
be dclibcralcly concealed from auditors. for example through misrcprcscntation, forgery or collusion
A further descriptton of our respon5ibilitles for the audit of the financial statements is located on the Financial Reporting
Council's websitc at www.frc.org.ukl&udilor5rcsponsibilities. This description fomis part of our Report of the Independent
Auditors.
Page 9

Report of the Independent Auditor5 to the Memberg of
Chalgeley Educatlonal Foundatlon (Reglstered number: 03301881)
Use ofour report
This report is made solely to the charitable ¢ompany's members, as a body, in accordance with Chaptcr 3 of Part 16 of the
Companies Act 2006. Our audit work h&$ been undertaken so that w¢ might state to the charitable company's members
those matters we are required to state to them in an auditors, report and for no other purpose. To the fvllest extent permitted
by law. we do not accept or assume responsibility to anyone other than the charitable cotnpany and the charitable company's
members as a bi)dy, for our audit work, for this report, or for thc opinions wc havc fomicd.
Jonathan Urnision ACA (Senior Stalutory Auditor)
for and on bchalf of Voisey & Co LLP
8 Winmarlcigh Sircct
Warringlon
Cheshire
WAI IJW
Date..
Page 10

Chaigeley Educatlonal Foundatlo
Statement Df Fingncial Activitiey
for the Year ETrded 31 August 2024
31.8.24
Total
funds
31.8.23
Total
funds
Unrcstricted
funds
Restricted
nd
Endowment
fi￿d
Notes
INCOME AND
ENDOWMENTS FROM
Donaiions and legacies
18
6,543
Charltable Actlvitles
Care and education of Children
3,223,241
56,784
3.280,025
2,628,314
Other trading activities
Investment income
10,538
10.538
10.575
Total
3 260 228
3317012
2 650 127
EXPEiYDITURE ON
Charltable activltley
General
Teaching costs
Welfare costs
Premises costs
Support costs for schoolin8
Governance costs
2,364,014
45,040
465,470
84,621
63,069
2,427.083
45,040
525,773
84,621
1,924,422
25.425
472.349
109,429
60,303
Total
2,960,996
60.303
3 084 368
2 533 470
NET
INCOMEI(EXPENDITURE)
299,232
16,285)
(60,303)
232,644
116,657
RECONCILIATION OF
FUNDS
Total funds brought forward
678,480
18,791
2,489,726
3,186,997
3.070,340
TOTAL FUNDS CARRIED
FORWARD
977.712
12,506
2 429 423
3.419 641
3 186997
Thc notcs fom) part of these financial statements
Page 11

Chaigeley Educatlonal Fovndatlon (Reglstered number: 033111881)
Balance Sheet
31 August 2024
31.8.24
Total
funds
31.8.23
Total
funds
Unrestricted
nds
Restricted
nd
Endowment
fund
Notss
FIXED ASSETS
Tangible assets
13
157,640
2,429,423
2,587.063
2.604,460
CURREIYT ASSETS
Debtors
Cash & cash equivalents
14
30,769
.022,579
30,769
1035 085
34,943
664,910
12,506
1,053,348
12,506
1,065.854
699,853
CREDITORS
Amounls falling due within one
year
15
{233,276)
(233.276)
(117,316)
NET CURREIYT ASSETS
820 072
832 578
582 537
TOTAL ASSETS LESS
CURRENT LIABILITIES
977,712
12,506
2.429,423
3,419.641
3,186,997
NET ASSETS
977 712
2 429 423
3419641
3 186997
FUNDS
Unrestricted funds
Restricted funds
Endowment funds
16
977,712
12.506
2 429 423
678,480
18,791
2 489 726
TOTAL FUNDS
3419641
3 186997
These financial statements have been prepared in accordan¢¢ with the provisions applicable to charitable companies subject
to the small companies regime.
The financial statements were approved by the Board of Tn￿le¢S and authorised for issue on
and were signed un its behalf by..
W Howell - Trusiec
The notes forni part of these financial statements
Page 12

Ch#lgeley Educatlonal Foundgtion
Cash Flow Statement
for the Year Ended 31 Augu$¢ 2024
31.8.24
31.8.23
Notes
Cash flows from operatlng aetlvltles
Cash gcncratcd from opcrations
489 529
245 439
Net ¢ash provided by operating activiiies
489 529
245,439
Cash flowg from Investlng aetlvltles
PU￿￿aSe of lan8ible fixed assets
Interest received
(85.482)
(47,804)
4,695
Net cash uscd in invcsting activities
59.051)
43 109)
Cayh flows from flnan¢lng a¢tlvltle8
Expenditur¢ attributable to endowment
60 547)
Nel cash used in financing aclivilies
60 303)
Chinge In cash and cash equlvalents In the
repDrtlng perlod
Cash 4nd cash equlvAlents at the beglnnlng
of the reportlng pcrlod
370,175
141.783
523 127
Cash #nd cash equlvAlents at the end of the
reportlng perlod
1035 085
664 910
The notes fom part of these financial stalemcnls
Page 13

Chaigeley Educational Foundation
Note5 to the Cash Flow Stxtement
for the Year Ended 31 August 2024
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
31.8.24
31.8.23
Net Income for the reportlng perlod (gs per the Statement of FinaDclal
Activities)
Adjustment5 for:
Depreciation charg¢s
Interest received
Expenditure attributable to endowment
Decrease in debtors
Increasel(decrease) in creditors
232,644
116,657
102,879
{26,431)
60.303
4.174
115960
88,964
(4,695)
60,547
3,760
Net cash provlded by op¢r4tlon
489,529
245 439
ANALYSIS OF CHANGES IN NET FUNDS
At 1.9.23
Cash flow
Ai 31.8.24
Net t*yh
Cash at bank and in hand
664,910
370 175
1035 085
370 175
1035 085
Total
370 175
1035 085
Thc nolcs fomi part of these financial slatements
Page 14

Chaigeley Edue*tlonal Foundation
Note5 to the Financial Statements
for the Ye4r Ended 31 August 2024
ACCOUNTING POLICIES
B8515 of preparing the financial statements
The financial statements of the charitable ¢ompany, which is a publi¢ benefit entity under FRS 102. have bcen
prcparcd in accordan¢c with the Charities SORP {FRS 102) 'Accuunling and Rcporting by Charitics.. Sialemcnt of
Recommended Practice applicable io charities preparing ihcir accounts in ac¢ordance with the Financial Rcporling
Standard applicable in the UK and Republic of Ireland IFRS 102} (effective l January 2019),, Financial Reporting
Standard 102 'The Financial Reporting Standard applicable in the UK and Republic ot. Ireland, and the Companies
Act 2006. The financial statements have been prepared under the historical cost convention.
The School is a Public Benefit Entity registered as a Chariiy in England and Wales and a company limiied by
guarantee. li was incoTporated on 14 January 1997 (company number'.03301881) and rcgistcrcd as a Charity on 28
January 1997 (charity number.. 1060403). The registered office is Chaigelcy School Lymm Road, Thelw&ll,
Warrington, WA4 2TE.
At the tiTne of approving the financial statements, the trustees have a reasonable expectation that rhe chariry has
adequate resources to con¢inue in operational existence for the foreseeable fulure. Thus the trustees continue to
adop( (hc going concern basis of accounting in preparing the financial 5tatcrnents.
The presentation currency is £ sterling. Monetary amounts in these financial staremenls are rounded lo the nearest £.
Income
All inlome is recognised in ihe Statement of Financial Aclivi(ies once the charity has entitlement to th¢ funds. it is
probable that the income will be received and ihe amount can be measured reliably.
Income from the educational services represents fees earned in respect of luiiion given durin¥ the year.
Donations, are recognised when the Charity has bcen notified in writing of both the amount and settlement datc. In
the event that a donation is subject io conditions Ihar require a level of pvforniance before the charity is entitlcd to
the fundb, the income is deferred and not recognised unlil either those conditions are fully mei, or th¢ fulfilment of
those Conditionb is wholly within the control of the chariiy and it is probable that those conditions will be fulfilled in
the reporting period.
Income from governmeni and other grants, whether '¢apital' grants or 'rev¢nue' grants,is reco&Fnised when the
charity has cniitlcment to the funds. any p¢rfonnancc conditions attached lo che grants have been mec, it is probable
Ihat the income will be received and the amount can be measured reliably and is not deferred.
For legacies, entitlemeni is taken as the earlier of the dale on which either.. the charity is aware ihat probate has been
granlcd. thc cstatc has bccn finaliscd and notification has bccn madc by Ihc cxccutorlsl to the Trusl thut a
distribution will be made, or when a distribution 15 received trom the estate. Receipt of a legacy. in whole or in part,
is only considcred probable when the amount can be measured reliably and the charity has been notified of the
executor's intention to make a distribution. Ivhere legacies have been notified to the charity. or the charity is aware
of the granting of probate. and the criteria for income recognition have not been met, then the legacy is a treated as a
contingent asset and disclosed if material.
Interest on funds held on deposit is included when receivable and the amount Can be measured reliably by thc
charity; this is nom)ally upon noiificaiion of the interest paid or payable by the Bank.
Expendlture
Liabiliiies are recognised as expenditure as soon as there is a legal or consttu¢tive obligation committing the charity
to that cxpcnditure, it is probable that a Iransfcr of cconomiL benefiis will bc required in settlement and the amount
of Ihc obligation can bc mcasurcd rcliably. Expcnditurc is accoun(¢d for on an accruals basis and been classified
under hcadings that aggrcgatc all cost rclated to the catcgory. Where r05ts cannot be directly attributed to particular
headings they have bccn allocated ro activilic5 on a basis consistent with the use of resources.
Pagc 15
continued...

Chaigeley Educational Foundation
Notes to the Fin4nclal Statetllents - contlnved
for the Year Ended 31 August 2024
ACCOUNTING POLICIES - contlnued
Tanglble filed a5$ets
All assets costing more than £500 are ¢apitalis¢d at Cost at)d depreciated with the exception of freehold land.
Depreciation is provided to write off the assets over their anticipated uscful lives. Using the following methods and
rates..
Fixtures. fittings and ¢quipmenl
Vehicles
Buildings
150/ts straight line
250/0 and 120/1 straight line
50 years straight line
The TNstees have taken the decision as part of the transition to FRS 102 to no longer revalue the buildings every
five years. The last Tevalued amount has been used as the carying value.
TsxAtlon
The charity is exeTnpt from Corporation tax on its charitable activities.
Fund #ceountlng
Unrestricted funds can be used in accordance with the charil&ble objectives &t ihc discretion of the tn15tees.
Restricted funds can only be u.%ed for particular restricted purposes within the objects of the charity. Restrictions
arise when specified by the donor or when funds are raised for particular r¢stricl¢d purposes.
Endowment fundb, are funds for which the TNslees musi maintain the capital element but the incoming resources
dcrived from thc undcrlying cndowmcnl asscis can bc spent.
Further explanalion of the naturc and purpose of each fvnd is in¢luded in the notes to the financial statements.
Penslon ¢0sts And other post-retlremeDt beneflts
The Charity contributes to the Teachers, Pension Defined Benefit Scheme &t rates sel by the Scheme Actuary and
advised to the Charity by the Scheme Administrator. The Scheme is a multi-employcr pension scheme and ]( is not
possible to identify th¢ assets and liabililies of the Scheme which are attributablc to thc Charity, In ac¢ordance with
FRS 102 the Scheme is accounted for as a defined contribution scheme and coniribuiions are accounled for when
advised as due by the S¢heme Adminislralor.
Non teaching staff are enrolled in the Pension Trust Gromrth Plan. Its treatment is the same as the Teachers, Pension
tkfined Benefit Scheme.
FlnAnclg1 Instruments
Th¢ Company elected to apply ihe provisions of Section I I 'Basic Financial Instruments, and Seciion 12 '0iher
Financial Instruments Issues, of FRS 102 10 all of its financial insttuments. Financial instruments arc recognised in
the company's statement of financial position when the company becomes party to the contractual provisions of the
instNm¢nt.
Financial assets and liabilities are offset. with the net amounts presented in the financial statements, when there is
legally enforceable right to set off the recognised amounts and thcr¢ is an intention to settle on a net ba51S OT to
reali5e the net asset and settle the liability simultaneously.
Baslt finAnel*l assets
Basic financial assets, which include debtors and cash and bank balancc5, arc initially m¢asur¢d at transaction price
including transaction costs and are subsequently carried at amortised costs using th¢ effective interesi method unless
the arrangement constitutes a financing transaction, where the transaction is m¢asurcd at the pr¢sent value of the
future receipts discounted at a market r&te of interest. Financial assets classified as receivable within one year are
not amortised.
Page 16
continued...

Chalgeley Educational Foundation
Notes to the Flnanclal Statetllents - contlnued
for the Year Ended 31 August 2024
ACCOUIYTING POLICTES - Continued
Fingncial Instruments
Impairment of financial a$set5
Financial assets, other than those held at fair value through profit or loss, are assessed for indicators of impaimient
al each reporting end dat.
Finan¢ial assets are impaired where there is objective evidence that, as a result of one or more events that o¢¢urred
after the initial recognition of the financial asset. the estimated fulure cash flows have been affected. If an asset is
impaired, the impairnient loss is the differcnce belwccn thc carrying amount and the prcscnl valuc of the estimated
cash flows discounted at the asset's original effectivc intcrcst ralc. The impairmcnt loss is r¢co¥nised in profit or
loss.
Deretognltlon of flnanelil assets
Financial assets are derecognised only when the cOntraC￿al rights lo the cash flows from the asset expire or are
settled, or when the company transfers the financial asset and substantially all the risk5 and rewards of ownership to
anothcr ¢ntity, or if somc significani risks and rewards of ownership are rctaincd but control of the &ss¢t has
transferred to another paty that is able lo sell the asset in its entirety to an unrelated third party.
CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION
UNCERTAINTY
Estima(es and judgements are continually evaluated and are based on historical experience and other faLlurb,
in¢luding expcctalions of futurc events Ihal are believed to be rcasonable undcr the circumslances. The ¢harily
m&kcs estimates and assumptions con¢ernin¥ the future.
The regulting accounting esiimales and assumptions will, by definiiion, seldom equal the related actual results. The
estimates and assumptions Ihaf have a signifi¢ant risk of causing a material adjustment to th¢ canying amounts of
assets and liabilities within the next financial year are discussed below..
Ivhen an assei is purchased il is ¢ategoris¢d into an assct class, the depreciation policy of each class estimates the
economic life of all assels within the Class. The depreciation policy of each asset Class is d¢terniined by management
and reviewed regularly for appropriateness. The depreciation policy adopted is based on historical experience as
well as considering the future evcnls which may impact the useful econornic life of all assets within ¢a¢h class, such
as changes in market demands.
In addition. FRS 102 requires an entity lo assess at each reporting dale whether there is any indication that assets
within a class may bc impaircd i.c. th¢ rccoverable amount of the assct 15 le￿ than thc carryin¥ amount. If any such
indication exists, management are required lo estimate the recoverable amount of the individual assets concerned.
Management judgement is applied to dctemine if revenue and costs should be recogniscd in the current period.
Page 17
continued...

Chgigeley Educational FoundatlOD
Notes to the Flnancial Statement5 - CODtinlled
for the Year Ended 31 August 2024
DONA TIONS AND LEGACIES
31.8.24
31.8.23
Donations
18
6.543
OTHER TRADING ACTIVITIES
31.8.24
31.8.23
R¢nlal income
INVESTMENT INCOME
31.8.24
31.8.23
Deposit account interest
INCOME FROM CHARITABLE ACTIVITIES
31.8.24
31.8.23
Activity
Other school income
Car¢ and education of children
Grants
Care and education of children
Educational and care services Care and education of children
6,470
622,614
2 650 941
3,744
582,273
2 042 297
3 280 025
2628314
Grants received, included in the above, are as follows..
31.8.24
31.8.23
Pupil Prcmium Grant
Department of Education
Education Funding Agency
56,783
165,831
400 000
49,734
129,971
399 167
622 614
578 872
Page18
continued...

ChAi2eley Edue*tlon41 Foundydtlon
LYote5 to the Fillancial Statements- contlDued
for the Year Ended 31 August 2024
CHARITABLE ACTIVITIES COSTS
Support
costs (see
note 8)
Direct
Costs
Totals
Teaching costs
Welfare costs
Premises costs
Support costs for schooling
Governance ¢osts
2,396,601
45,040
492.585
52.647
30,482
2,427,083
45,040
525,773
84,621
33,188
31,974
1.851
2 986 873
3 084 368
SUPPORT COSTS
Governance
cosis
Management
Totals
Teaching costs
Premises costs
Support ¢08ls for schoolin8
Governance costs
30.482
26.648
10.396
30,482
33.188
31,974
6.540
21,578
NET INCOMEI(EXPENDITURE}
Net in¢om¢/(cxp¢nditure) is stated aft¢r chargingl(crediting)'.
31.8.24
31.8.23
Auditors, remuneration
Depreciation - owned assets
8,250
02 879
6,300
io.
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year endcd 31 Au8usI 2024 nor for the year ended
31 August 2023.
Trusteei, expenses
There were no ttwte¢s' expenses paid for th¢ year ended 31 August 2024 nor for the year eT]ded 31 August 2023.
Page 19
continued...

Chaigeley Educational Foundation
Notes to the Flllanclal Statements - CO￿¢1￿ued
Cor the Year Ended 31 August 2024
ii.
STAFF COSTS
31.8.24
31.8.23
Wages and salaries
Social s¢¢urity costs
Other pension ¢osts
1,833,351
167,642
243 623
1,473,921
135,483
202 904
2244616
1812308
The avera¥e monthly number of cmployces during the year was as follows..
31.8.24
16
29
31.8.23
14
29
Teachers
Care and teaching support siaff
Domesiic and mainienance
Administration staff
56
53
The number of empluyees whose employee benefits {excluding employer pension costs) excc¢ded £60,000 was..
31.8.24
31.8.23
£60,001 £70,000
£70,001 £80,000
£90,001- £100,000
The charity considers its key management personnel to be its senior leadership *am. The total wage cost in¢ludin8
employers national insurance and pension cosls was £497,723 (2023 £364,075)
12.
COMPA114TIVES FOR THE ST ATEMENT OF FINANCIAL ACTIVII'IES
Unrcstrictcd
RestriLied
funds
fund
Endowment
fund
Total
funds
INCOME AND ENDOWMENTS FROM
Donatiuns and l¢ga¢ies
6,543
6,543
Charltable actlvltles
Care dnd edurdlion of children
2,578,581
49,733
2,628,314
Other trading activitie5
Investment income
10.575
10,575
Total
2 600 394
2650 127
F.XPENDITURE ON
Charitable activities
Gcneral
Teaching costs
1,887,726
36.696
1,924,422
Page 20
continued...

Chalgeley Education41 Foundatlon
otes to the Financi41 Statement5 - COlItIDued
for the Year Ended 31 August 2024
12.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - Continued
Unrestricted
Restricted
Endowment
fi￿dS
fund
fund
Total
funds
Welfarc costs
Premises costs
Support costs for schooling
Governance costs
25,425
411,802
109,429
25.425
472,349
109,429
60,547
Total
2 436 227
2 533 470
NET INCOMEI(EXPENDITURE)
164,167
13.037
{60,547)
116,657
RECONCILIATION OF FUNDS
To¢al funds brought forward
514,313
5.754
2,550,273
3,070,340
TOTAL FUNDS CARRIED FORWARD
678 480
2,489 726
3 186,997
13.
TANGIBLE FIXED ASSETS
Fixtures
and
riiiings
Freehold
property
Motor
vehicles
Totsls
COST
At I September 2023
Additions
3,235,180
344,466
85.482
27,599
3,607.245
At 31 August 2024
3235 180
429 948
3 692 727
DEPRECIATION
At I September 2023
Charge for year
745,454
248,113
9,218
6.250
1,002,785
102 879
At 31 August 2024
805 757
284 439
1 105 664
NET BOOK VALUE
At 31 August 2024
2 429 423
145 509
2 587 063
AI 31 Au8USt 2023
2 489 726
2 604 460
Pag¢21
continued...

Chalgeley Edueatlonll Foundatlon
Notes to the Financial Stat¢meDts - continued
for the Year Ended 31 August 2024
14.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24
31.8.23
Other debtors
Prepayments and acctrued income
1.302
1.116
30,769
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24
31.8.23
Trade crcditors
Social security and other taxes
Other creditors
Accnjals and dcferred income
112,944
66,496
40,028
55.890
33,347
14,432
233 276
117 316
16.
MOVEMENT IN FUNDS
Net
moyemcnl
in funds
Ai
31.8.24
At 1.9.23
Unregtrlcted fund5
General fund
678,480
299,232
977.712
Restrleted funds
Pupil Prcmium
18,791
(6,2851
12,506
Endowment fundj
Endowmcnt
2,489,726
160,303)
2.429,423
TOTAL FUNDS
3 186997
3 419 641
Page 22
continucd...

Chaigeley Educatlonal Foundatlon
Note5 to the Flnancial Statements - contlnued
for the Year Ended 31 August 2024
16.
MOVEMENT IN FUNDS- contlnued
Net movement in funds, included in the above are as follows:
Incoming
resources
Resources
expended
Movement
in fvnds
Unrestricted funds
General fund
3,260,228
(2,960.996)
299,232
Restricted fundj
Pupil Premium
56.784
(63,069)
(6,285)
Endowment funds
Endowment
160,303)
(60,303)
TOTAL FUNDS
3 317012
3 084 368)
CompArAtlves for movement In fund5
Net
movement
in funds
Ai
31.8.23
Al 1.9.22
Unrestrleted fund$
General fund
514,313
164,167
678,480
Restrlcted funds
Pupil Premium
5,754
13,037
18,791
EndowD7enl funds
Endowment
2,550,273
(60,547)
2,489,726
TOTAL FUNDS
3 070 340
116657
3 186997
Page 23
continued...

Chaigeley Educational Found9tion
Note5 to the Financial St4temeDt5 - Comtlnued
fDr the Year Ended 31 August 2014
io.
MOVEMENT IN FUNDS- contlnued
Comparative net movement in funds, included in the above are as follows..
Incoming
resources
Resourccs
expendcd
Movement
in funds
Unrestrlcted funds
General fund
2.6(X),394
{2,436,227)
164.167
R¢stricted funds
Pupil Premium
49,733
(36,696)
13,037
Endowment funds
Endowment
(60,547)
(60,547)
TOTAL FUNDS
2650 127
2 533 470)
116657
A cutTent year 12 months and prior year 12 months combined p051tion is as follows..
Net
muvemenl
in funds
At
31.8.24
At 1.9.22
Unreytrieted funds
General fund
514,313
463,399
977,712
Reitrlcted fund$
Pupil Premium
5,754
6,752
12,506
Endowjnent funds
Endowment
2,550,273
(120,850)
2,429,423
TOTAL FUNDS
3 070 340
349 301
3419641
Page 24
¢ontinued...

Chaigeley Educational Foundatlon
Notes to the Fln4nclal Statements- contlnued
for the Year Ended 31 August 2024
16.
MOVEMENT IN FUNDS - ¢on¢inued
A cu￿ent year 12 months and prior year 12 months combined nei movement in funds, included in the alM)ve are as
follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestrlcted funds
Gencral fund
5,860.622
(5,397.223)
463,399
Restrleted funds
Pupil Premium
106.517
(99,765)
6,752
Endowment funds
Endowment
(120,850)
{120,850)
TOTAL FULYDS
5967 139
5 617838)
349 301
17.
EMPLOYEE BENEFIT OBLIGATIONS
Retlretntnt Ben¢flti
The school parti¢ipates in the Teachers, Pension Scheme I'the TPS.) for its leaching stsff and The Pensions Trnst's
Growth Plan for its non-teaching staff.
Te*ehers' Pen51on Sehtme
The pension charge for the year includes contributions payable to the TPS of £166,737 (2023.. £135,080) and at the
year-end £19,914 (2023.. £14.688) Was accnjed in respecl of contributions to the scheme.
The TPS is an unfunded multi-employer defined benefits pensioT] scheme govemed by the Teachers, Pension
Scheme Regulations 2014. Members contribute on a pay as you go basis with contributions from members and the
employer being credited to the Exchequer. Retirement and other pension benefits are paid by public fund provided
by Parliament .As this is a multi-empluyer scheme it is not Possible or appropriate lo consist¢nily identify the
liabilities of the TPS which are atlributsble to the school. Ac¢ordin¥ly, the s¢hool ac¢ounis for thib s¢h¢m¢ as if il
were a defined ¢ontribution scheme.
The employer contributions rate is sel following scheme valuations und¢rtak¢n by the Government Actuary
Department. The a¢￿ana[ valuaiion of the TPS was implemented from April 2024 and carried out using
scheme data as at 31 March 2020. Following the scheme valuation as al 31 March 2024, employer contributions
were increased to 28.6'/0 from 23.6Q/o, taking affect from April 2024. Employers also pay a ¢harge equivalent to
0.08 /v of pensionable salary costs io cover administroiion ¢xpenses.
The Tcachcrs, Pcnsions Regulations require an annual account, thc Teachers, Pension Budgcting and Valuation
Account, to be kept of receipts and expenditure (including the cost of pension Increases). From l April, the Account
has been credited with a real rate of return. which is equivalent to &ssurntng that the balance in the Account is
invcsted in notional investments that produce that real rate of return. The latest set of accounts available are for the
year ended 31 st March 2024.
The Pension Trust Growth Plan
The Pensions Trust Growth Plan (the Plan) is funded and is not contracted-out of the State sch¢me. The Plan is a
multi-employer pension plan.
Pagc 25
continued...

Chalgeley Educatlollgl Foundgtlo
Notes ¢0 the Flnanclal Statements - continued
for the Yegr Ended 31 August 2024
17.
EMPLOYEE BENEFIT OBLIGATIONS - ¢ontinued
Contributions paid into the Plan up to and including September 2001 were convertcd to dcfined an]ounts of pension
payable frotll nornial retirement date. From October 2001 contributions were invested in personal funds which have
a capital guarantcc which are converted to pension on retirement. cithcr within the Plan or by the purchA5c of an
annuity.
The rules of the Plan give the Trustce the power to require employers to pay additional contributions in order to
ensure that the stathtory funding objective under the Pensions Act 2004 is met. The statutory funding objective is
thai a pension scheme should have sufficient assets to meet its past setvice liabilities, known as Technical
Provisions.
The latest fomial valuation of the Plan at 30 September 2024 and completed in 2025 was perfornied by a
professionally qualified Actuary using the Projected Unit Method. The market value of the the Plan's assets al the
valuation dale w&$ £6,385 million and the Plan's Technical Provisions {i.e past service liabilities) were £7,550
million. The valuation therefore revealed a shortfall of asse(s compared with th¢ value of liabilities of £1,165
million, equiv81ent to a funding level of 84.6 % on a Technical Provision valuation basis.
Chaigeley Educational Foundation paid contributions al the rate of between 60/th and l OO/ty lot&lling £76,296 (2023:
£67,803) during the accounting period. Members paid contributions at a minimum rate of 5 % during the accounting
period. As at the balance sheet date there were 41 active members.
Pension cost5 for both schemes are met from unrestrictd funds.
18.
RELATED PARTY DISCLOSURES
There were no relaled party transactions for the year ended 31 August 2024.
19.
FUNDS
Unrestrlcted Funds
These funds, in ihc upinion of the Trustees, are free to use in accordance with the charitable object5.
Restrlcted Funds
The schi)ol is also in receipt of capital ￿nd￿grants from the Education and Skills Funding Agency. In line wilh
reporting requirements, this incom¢ is shown in restricted funds, with the expenditurc, that meets the conditions
associated with the grants, also allocated to these restricted funds.
Endowment Fund
This comprises the land and buildings of Chaigeley School, used exclusively to further the objects of the Charity.
P&gc 26

Chalgeley Educational Foundatlon
Detailed Statement of Flnancl41 Actlvltles
for the Year Ended 31 August 2024
31.8.24
31.8.23
ILYCOME AND ENDOWMENTS
Donatlons and legacles
Donations
18
6,543
Other tr4dln2 8Ctlvltle5
Rental income
10,538
10.575
Investment Income
Dcpusil aLcounÈ interest
26,431
4.695
Ch8ritable activitles
Other school income
Granis
Educational and care services
6.470
622,614
2.650 941
3.744
582,273
2 042 297
3 280 025
2 628 314
Total Ineomlng resources
3,317,012
2,650,127
EXPENDITURE
Charlt*ble actlvltle8
Wages
Social Security
Pensions
Rates and water
Insurancc
Light and heat
Postage and 51ationcry
Sundries
Motor expenses
Repairs
Care standards costs
Teaching costs
Catering and accommodation
Travel costs
Fundrai.%ing and publicity
PE Equipment
Depn of freehold property
Depn of fixlures & fittings
Depn of motor v¢hicles
1,833,351
167,642
243,623
4,360
52,647
45,843
8,836
193
4,532
198,593
2,745
270,282
41.385
2,549
7,413
1,473,921
135,483
202,904
29,884
53,712
36,529
4,153
4,973
140,945
3,701
214,238
22,159
5,662
2,989
3,402
60,547
24,582
60.303
36.326
6,250
2.980,873
2.423,619
This page does not fom) part of the statutory financial statements
Page 27

Chai2eley Educatlonal Found•tlon
Detailed Statement of Financigl Activities
for the Year Ended 31 August 2024
31.8.24
31.8.23
Support costs
Management
Telephone
Bank ¢hargcs
Subscriptions
Recruitment expenses
Staff training
Hcalth and safety costs
Cleaning and laundry costs
Govcrnor training
Sctilcment Costs
2,150
,851
15,768
7,362
30,482
1,175
9,705
884
4.974
1,845
11,060
6,082
25,244
1,313
7,982
957
69,377
91.357
Governance costs
Auditors, remuneration
Legal and professional fees
8,250
6,300
Total resources expended
3 084 368
2 533 470
Net Income
232.644
116657
Thi5 pagc does not forni part of the statutory financial statemcnts
Page 28