**Cheadle Hulme School** |   Impact Report 2024 - 2025 **1** 

## **Impact Report** 2024-2025 

**The Difference We Made. Together.** 

cheadlehulmeschool.co.uk 




**Cheadle Hulme School** |   Impact Report 2024 - 2025 **3** 


**The Difference We Made. Together.** 2024 - 2025. 

At CHS, education is about preparation for life, not just exams. Our holistic curriculum ensures pupils leave with strong academic results, but also with the character, resilience, and compassion to make a difference in the world. That’s why altruism sits alongside academic achievement and active participation as one of the three pillars of a CHS education. 

Founded in 1855 by philanthropists who believed in the power of education to transform lives, we remain guided by those same principles today. A CHS education is designed to ripple outward,  creating opportunities, opening doors, and building connections far beyond our school gates. 

This year’s Impact Report highlights 25 ways we have lived that mission in 2024 - 2025. At a time when independent schools are under greater scrutiny than ever before, these stories are a reminder of the role CHS can and must play in the wider world. They show initiatives that serve others while enriching our pupils’ understanding, challenging assumptions, and nurturing empathy and purpose. 


“One of the things that makes me most proud as Head is seeing how our community lives our values. Staff, students, parents and Old Waconians give back in countless ways. Their commitment reflects the very best of what it means to be a Waconian. This report celebrates those acts of generosity and reminds us all that the true measure of a school lies not only in what its pupils achieve but in the impact they go on to make in the world.” 

Mr Lee Richardson, Head 



**4 Cheadle Hulme School** |   Impact Report 2024 - 2025 

“I give to bursaries at CHS as I feel strongly that my child will benefit immensely from being part of a more diverse community that is more representative of the society they will go on to live and work in.” 

**Cheadle Hulme School** |   Impact Report 2024 - 2025 **5** 

Current Parent Donor 

## **We Told The World 01. About Our 1 In 6 Ambition** 

Our community has already responded with generosity and together we have **raised more than £2 million towards our £5 million goal,** helping to secure the kind of education that opens doors and builds belonging well into the future. 


This year saw the launch of the public phase of our 1 in 6 Bursary Campaign, our commitment to ensuring that 1 in 6 CHS pupils will be supported by a bursary by 2030. 

## >£2m RAISED TOWARDS OUR £5MILLION GOAL 

The campaign is about more than numbers. It is about protecting the inclusive CHS experience that so many Old Waconians describe with pride. CHS has always been a place where young people from all walks of life grow, connect, and thrive, forming friendships and futures as unique as they are. But today, with the pressures of the cost-of-living crisis and the introduction of VAT on school fees, that ethos is under threat. Without action, we risk becoming a school that no longer reflects the realities of the wider world. 

“CHS has given me amazing opportunities and memories I won’t ever forget. Now that I’ve been here for nearly 7 years, I’m looking forward to the future and CHS has helped me be much more confident in myself. Before coming to CHS, I thought that I was going to feel out of place but I felt so welcomed. The world is a place with many diverse backgrounds and to have that here at CHS shapes you and everyone around you into better people.” River, Class of 2025 


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Impact of CHS bursaries<br>**----- End of picture text -----**<br>



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90%<br>OF CHS BURSARY PUPILS<br>GO TO UNIVERSITY.<br>60%<br>ATTEND RUSSELL<br>GROUP UNIVERSITIES.<br>42%<br>OF BURSARY STUDENTS<br>COME FROM FAMILIES<br>WITH AN INCOME BELOW<br>£30,000.<br>ON AVERAGE ONLY 28% OF STUDENTS<br>WHO ARE ELIGIBLE FOR FREE SCHOOL<br>MEALS PROGRESS TO UNIVERSITY BY<br>AGE 19.<br>**----- End of picture text -----**<br>




**6 Cheadle Hulme School** |   Impact Report 2024 - 2025 

**Cheadle Hulme School** |   Impact Report 2024 - 2025 **7** 

“The Science Outreach programme has had a profoundly positive impact on our Year 5 primary school children this year. We have seen noticeable improvements in questioning, problem-solving skills, and classroom participation from our pupils. The programme has not only enriched the curriculum but also inspired a new generation of budding scientists.” 

Teacher, Adswood Primary School 

## **02.** 

## **Partnership With Local State Primary Schools Entered Its Fifth Year** 

Among the many joint projects which took place throughout the year, teachers from all partner schools collaborated on a writing standards project to help raise attainment in literacy. The Science Outreach programme saw over 140 Year 5 pupils visit CHS to take part in hands-on experiments in our science labs and our catch-up swimming programme enabled 15 Year 4 pupils to reach the national minimum standard of swimming. 

## 140 YEAR 5 PUPILS ATTENDED SCIENCE OUTREACH LESSONS 


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“Partnership work like this is a two-way street. Our children and staff learn just as much as they give. It has been wonderful to continue to see the young people 


from our partner schools develop skills in science and swimming and benefit from access to our school site.” Mr Vincent Weightman, Head of Junior School 

## **03. Training Tomorrow’s Teachers** 

Since 2021, CHS has supported 16 SCITT trainees and every single one has secured a teaching role at different schools across the country from Portsmouth Grammar School to Parrs Wood High. This year’s SCITT cohort included 4 language trainees in French and Spanish. 

“I could not have chosen a better programme to train as a language teacher. I was lucky to train with experienced and devoted linguists who demonstrated real passion for teaching languages.” 

Chloe Grainger, SCITT trainee 2024 - 2025 

“It was a lovely experience. Everyone was so welcoming. The staff is so kind. They were able to help at all times. The work environment was so positive with a sense of community.” 

Patricia Garcia Perez, SCITT trainee 2024 - 2025 



**8 Cheadle Hulme School** |   Impact Report 2024 - 2025 

**Cheadle Hulme School** |   Impact Report 2024 - 2025 **9** 

## **04. CHS To The Gambia** 


In December 2024, pupils travelled to our partner school in The Gambia to work alongside local teachers and children. In the run-up to the trip, the CHS community rallied together with ‘Gambia Day’ fundraising and collections of football shirts, toys and laptops to support partner schools. 


“Our pupils hear of their privilege very often but this humbling experience gifted them a lens to see this clearly. That said, it also reminded them that stripping back material goods and experiencing raw emotion and human interaction can also create a recipe for shared joy.” Mr John Wilson, Assistant Head 

## **05. Leavers Give Back** 


The Class of 2025 raised an impressive £8000 for the 1 in 6 Campaign as part of their leaving gift to CHS through an online auction and some smaller events. The final amount was announced by Head Pupil Kate at their Graduation ceremony in June. 

“We felt it was important to mark the end of our time at CHS by giving back to the community which has given us so much and enable another young person to benefit from what we have experienced.” Kate, Head Pupil 2024 - 2025 

## **06. Litter Pick and Chat** 


## **07.** 

## **540 Triathletes, £54,000 Raised** 

Each week, a team of pupils took to the neighbouring streets for community litter picks. As well as giving them the chance to connect with one another, the club is a visible reminder to the wider community that even the smallest actions can make a big difference. 

CHS hosted the Knight Frank Schools Triathlon, organised by charity Restless Development. Over 540 young triathletes from 14 local schools took part, supported by CHS pupil volunteers. Participants swam, cycled and ran and collectively covered 1700km on the day. The event raised more than £54,000 for Restless Development and other charities selected by the participating schools. 



**10 Cheadle Hulme School** |   Impact Report 2024 - 2025 

**Cheadle Hulme School** |   Impact Report 2024 - 2025 **11** 

## **08. Stepping Ahead With The Green Plan** 

Our pupils continued to turn ideas around sustainability into action. Junior School children grew vegetables for our dining hall, planted wildflowers and trees, built wormeries and ran awareness campaigns with Senior School students around antiwaster initiatives. The Eco Committee, attended by members of Sixth Form Council ensured sustainability remained a priority for student leaders throughout the year. 


## **CHS Staff 09. Continued To Give Back** 

9% OF STAFF ARE SCHOOL GOVENORS 


35% 

OF STAFF WERE INVOLVED IN FUNDRAISING FOR CHARITIES AWAY FROM THEIR WORK AT CHS 

19% 

CHS teacher Mr Cartwright refereed a gruelling charity event known as “The Longest Game”, enduring nearly 11 hours straight with minimal sleep to support an outstanding cause. His record-breaking effort helped raise over £115,000 for three charities, LooseHeadz, Wooden Spoon and the Lions Trust. 

OF STAFF HAVE AN OFFICIAL VOLUNTEER ROLE FOR A LOCAL CHARITY 

## **10. Diversity Recognised** 

CHS was named among the UK’s Top 100 Most Inclusive Organisations, earning the Investors in Diversity Silver Award from the National Centre for Diversity (NCfD). This accolade reflects our structured, whole-community approach to inclusion. The NCfD’s Silver Award is the second of three accreditation stages, highlighting our meaningful progress in embedding equality, diversity, and inclusion at every level. 

“Our intention has always been to embed the core principles of equality, diversity and inclusion in everything that we do; it wasn’t about achieving the award or a single initiative but about building a community where everyone truly feels they belong.” Mrs Caroline Dunn, Senior Deputy 

## **11. £15, 294 Raised For Charity By Our Senior School Pupils** 

Pupils raised funds for causes close to their heart as well as House charities. 


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Provides ‘home away from home’ accommodation for families with children in hospital 

Arts For Recovery in the Community (Arc) is one of the UK’s leading arts and mental health organisations 


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Set up in memory of Old Waconian, Harry Dubois, the charity provides free heart screenings for 14 - 35 year olds 

A charity that helps to care for and rehome Manchester’s unloved and unwanted dogs 



**12 Cheadle Hulme School** |   Impact Report 2024 - 2025 

**Cheadle Hulme School** |   Impact Report 2024 - 2025 **13** 

## **12.** 


## **Local Primary Schools Attend CHS Music And Drama Productions** 

Over 200 Year 5 pupils from partner schools attended our Music Outreach Concert and Drama Production, Emil and The Detectives. 


## **13. Parents Sharing The Love Of Reading with Local Primary School Children** 

A team of parent volunteers supported our local primary state schools by reading with their pupils building skills and confidence in young readers. 

“Our children look forward to their reading time every week. The one-to-one support from CHS parents has boosted their confidence and helped them see themselves as real readers.” 

Mr Smith, Adswood Primary School 


## **14. From Manchester To The Mountains In Morrocco** 

Thirty students from Years 11 and 12 embarked on a 13-night expedition to Morocco, immersing themselves in the rugged High Atlas Mountains. The main phase of the trip took them to Tizi N Oucheg, a remote Berber community, where they worked on infrastructure projects alongside local people. Beyond mixing cement and laying road foundations, students built friendships, developed resilience and gained a new perspective on gratitude and community. 


“The impact wasn’t about how much money we raised, it was about meaning. In Tizi N Oucheg, our pupils worked shoulder to shoulder with the Berber community on essential projects, but the real transformation came through connection with the people they met. It really was a life changing trip for the pupils.” Mrs Bennett, Trip Leader 




**14 Cheadle Hulme School** |   Impact Report 2024 - 2025 

**Cheadle Hulme School** |   Impact Report 2024 - 2025 **15** 


**15. Camping Under CHS Stars For Local Primary School** 

We hosted the end-of-year residential for Year 6 pupils from one of our partner primary schools, Cale Green. By bringing the experience onto our school site, we made it more accessible and affordable for the school to give their pupils the excitement of a proper residential. 

“For many of these pupils, this was their very first night away from home. To see them laughing, camping, and gaining independence was hugely rewarding. It’s a reminder that experiences like this don’t have to be far away to have a lifelong impact.” Mr Giles Hegarty, Director of Sport 

## OVER 1000 MEMBERS OF LOCAL SPORTS & ACTIVITY GROUPS ACCESS OUR FACILITIES EVERY WEEK 

**16. Opening Our Gates** 

Every week during term time, over 1000 members of local sports and activity groups access our facilities. In the school holidays, young people from local primary schools joined football and sport camps run by Stockport County, Manchester City and Kings Camp 


## £3,999 RAISED THIS YEAR FOR CHS IN THE GAMBIA 




**17. Waconian Walk** 

Pupils, parents and staff joined together for the latest walk to raise money for House charities and our school in The Gambia. The Walk was started in 1966 by former staff, Ian Ray. 



**16 Cheadle Hulme School** |   Impact Report 2024 - 2025 

**Cheadle Hulme School** |   Impact Report 2024 - 2025 **17** 

## £2,700 RAISED FOR THE BURSARY FUND BY OUR PRE-LOVED UNIFORM INITIATIVE 

## **18. 19. Care In The Pre-loved, Community Reloved** 

Our Sixth Formers continued Our Pre-loved their special connection uniform sales with elderly neighbours from raised £2,700 Smithy Green, Stockport for the Bursary Homes, hosting a termly Fund, giving more young people lunch filled with conversation, the chance to access a CHS music, and laughter. Guests education. At the same time, were also invited to attend families saved money, over 1,000 CHS drama productions and items were diverted from landfill, our annual Carol Service. and countless items of uniform were given a brand-new lease of “Our Sixth Formers gain life. The total raised through the just as much as they give. Pre-Loved uniform initiative since Sharing lunch, stories, 2023 now stands at £12,689. 

“Our Sixth Formers gain just as much as they give. Sharing lunch, stories, and laughter with our elderly neighbours has created friendships across generations, and it’s a highlight of the term for everyone involved.” 

“It’s wonderful to see uniforms passed on rather than wasted. Every item sold supports another child’s education, helps a family, and is one less thing going to landfill.” Judith Johnson, Pre-loved Uniform co-ordinator 


**20. Junior Waconian Charity Day Raise Over £1700** 

Junior School pupils selected Francis House Children’s Charity and Hearing Dogs for Deaf People as their nominated charities. The day saw classrooms being transformed into little markets, as pupils hosted a variety of stalls, selling sweet treats and enjoying games. Alongside this, Waconians embarked on a ‘Week of Walking’, tracking their steps each day to raise sponsorship money. 




**18 Cheadle Hulme School** |   Impact Report 2024 - 2025 

**Cheadle Hulme School** |   Impact Report 2024 - 2025 **19** 

## **21.** 

## **CHS Named School Of The Year At Queer Student Awards 2025** 

CHS was named School of the Year at the UK’s Queer Student Awards (QSAs), receiving recognition for its commitment to fostering an inclusive and compassionate culture where every young person feels seen, supported, and celebrated. Head Pupil Sol accepted the award on behalf of the whole CHS community. The judges praised how “equality is embedded into the school ethos as a whole,” spotlighting achievements such as the Silver Investors in Diversity Award and innovative initiatives like podcasts that spark meaningful conversations. The recognition was made even more special because nominator Eva Echo (Class of 1998, Old Waconian and activist) highlighted CHS’s dedication to kindness, respect, and authentic belonging. 



26.2 MILES RAN IN AID OF MIND 

## **22. Individual Waconian  Endeavours** 

Alongside whole-school initiatives, many individual Waconians led their own fundraising efforts this year. Among them, Clem spent three hours selling unwanted books in Heaton Moor, raising £87.40 towards the Knight Frank Schools Triathlon total. Meanwhile, Iris took on her first ever Manchester Marathon, running the full 26.2 miles in aid of Mind. 




**20 Cheadle Hulme School** |   Impact Report 2024 - 2025 

**Cheadle Hulme School** |   Impact Report 2024 - 2025 **21** 

## **23.** 

## **Measuring What Matters, Reducing Where It Counts** 

Our Planet Mark certification recognises our commitment to measuring and reducing our carbon footprint. By tracking our energy use, travel, waste, and water, we are embedding sustainability into everyday practice and holding ourselves accountable for continuous improvement. In doing so, we also contribute directly and measurably to 9 of the United Nations Sustainable Development Goals (SDGs), addressing 14 global targets across issues ranging from climate action and responsible consumption to health, wellbeing, and quality education. 


## **We are Planet Mark Measure Certified -27.1%** 

**-27.1% Absolute carbon reduction. (market-based scope 1&2)** 

**-32.9% Carbon reduction per employee. (market-based scope 1&2)** 

## **Year 2.** 

## **Market-based** 

**613.2 tCO2e Measured carbon footprint.** 

**2.3 tCO2e Measured carbon footprint per employee.** 

## **Location-based** 

**680.1 tCO2e Measured carbon footprint.** 

**2.5 tCO2e Measured carbon footprint per employee.** 

**This is to certify that Cheadle Hulme School has achieved the Planet Mark by reporting a reduction in its carbon footprint and engaging its stakeholders.** 

We are committed to reducing our carbon emissions yearly so that together we can all halt climate change. 

**Reporting Boundary:** Cheadle Hulme School (Claremont Road, Cheadle Hulme, SK8 6EF) 

**Emission Sources:** Electricity, T&D Losses, Natural Gas, Water, Fleet, Waste **Reporting Period:** 01 Sep 2022 to 31 Aug 2023 

Valid to: 30 November 2024 

## **Engage** 

**270** 

**FTE employees.** 

We engage our employees and wider stakeholders to unlock their talent and knowledge to drive year on year progress in sustainability. 

## **Communicate** 

## **Empowering change for a brighter future.** 

The Planet Mark is a sustainability certification for every type of organisation, for products and real estate. Our certification recognises continuous improvement, encourages action and builds an empowered community of like-minded individuals who make a world of difference. 

## **9** 

**Sustainable Development Goals.** We recognise that transparent communication is essential for transformational change and we quantifiably contribute to 9 SDGs. 

planetmark.com/member/Cheadle-Hulme-school The Planet Mark                theplanetmark 

**613.2 Measured emissions equivalent to 2.3 tCO2e measured emissions 542 flights from London to New York tCO2e per employee** 






**Buildings Travel Waste Water Procurement 601.3 tCO2e 6.0 tCO2e 1.5 tCO2e 4.4 tCO2e N/A** Used enough Travelled **1** time Produced waste that **184** litres per electricity to power around the world weighs the same as **7** employee per day **228** UK homes for one London buses year 


Contributing towards 9 SDGs - The Sustainable Development Goals (SDGs), also known as the Global Goals, are a collection of 17 interrelated goals set by the United Nations. They cover a broad range of social and economic ~~development issues. By measuring and reducing our carbon footprint with the Planet Mark, we directly and measurably~~ contribute to up to 9 SDGs addressing 14 SDG targets. 

## **24.** 

## **CHS Continued Support For TEDx Manchester’s Bursary Programme** 

Our third year of support gave free or reduced price tickets to the annual event at the Bridgewater Hall and enabled individuals of diverse backgrounds to attend this inspiring annual event. Current Sixth Form students volunteered in front of house and backstage roles throughout the event. 




**22 Cheadle Hulme School** |   Impact Report 2024 - 2025 

**Cheadle Hulme School** |   Impact Report 2024 - 2025 **23** 


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25.<br>Over £12k<br>Raised by<br>Arts Fusion<br>Team<br>Students on CHS’s Creative Arts<br>Pathway have shown that creativity and<br>compassion go hand in hand, following<br>the huge success of their Arts Fusion<br>event in aid of Royal Manchester Children’s<br>Hospital’s Youth Service. The event,<br>organised entirely as part of their Gold<br>Arts Award, brought together fashion from<br>a range of well-known brands alongside<br>collections from local businesses. Guests<br>were also treated to a performance<br>from Old Waconian and former X Factor<br>contestant Raquelle Gracie, Class of 2005.<br>**----- End of picture text -----**<br>



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65%<br>94%<br>2024-2025:  A* - C  9 - 7<br>A Levels GCSE grades<br>THE YEAR<br>IN NUMBERS<br>**----- End of picture text -----**<br>



**1522 76% 550** pupils aged 3 - 18 of the Class of 2025 Old Waconians secured their first attended alumni choice destination events **709 200 420** Senior School co-curricular clubs instrumental & vocal sports fixtures and activities music lessons took place each week 


**250 31** students took part in completed Duke Model United Nations of Edinburgh Cheadle Hulme (MUNCH) Gold Award **The Difference We Made. Together.** 




**24 Cheadle Hulme School** |   Impact Report 2024 - 2025 


## **Head - Lee Richardson** 

Claremont Road · Cheadle Hulme · Cheadle · Cheshire · SK8 6EF 

**Tel** 0161 488 3330 · **Email** head@chschool.co.uk cheadlehulmeschool.co.uk 

Registered Company Number 3823129 Registered Charity Number 1077017 



**CHEADLE HULME SCHOOL 2025 Report and Financial Statements - Year Ended 31 August** 

## **Cheadle Hulme School Report and Financial** 

## **Statements** 

**Year ended 31 August 2025** 


Cheadle Hulme School 

**Registered Charity No. 1077017** 

Company No. 03823129 



CONTENTS . Annual Report of the Directors
Page
Section A Key Information
Legal and Admintstrative Infomiation
Objectives, Construct and Aims
Structure, Governance and Management
Principal Risks
Section B Financial RevievJ
Statement of Financial Activities
Balance Sheet
Statement of Cash Flows
ReseTves, Investment Policy and Financial Factors
statement of Directors Reswnsibilities
8-9
1￿12
Annex A- Eneigy Data
13
Annex B - The School"s Strategic and Operalional Plans
14
Annex C - Fuiplogmenl. Coniinunicalion and Training
15-16
Independent Audltovs Report
17-20
Statement of Financial Aclivities
21
Balance Sheel
22
ststement of Cash Flows
23-24
Notes to the Flnanclal Statements
2544

CHEADLE HULME SCHOOL
Report and Financlal Statements- Year Ended 31 August 2025
SECTION A - KEY INFORMATION
DIRECTORS, OFFICERS AND ADVISORS
The Cheadle Hulme Scht)ol (CHS) Govemors are the Chafty trustees and Company
Directors of the Charlty and Company. 'Cheadle Hulme School.. They have served in offi
throughout the year, except where indicated.
All Directors give their time freety and no travel expenses were paid to members in the year.
No Director or peT50n connected vthh a Director received any benefft from means-lested
bursaries.
During the year, the activities of the Governing Bc#Jy were canTed out through 5 Sub
Committees plus Governor inVo￿ement in 1 Working Group (Estates & Environment). The
membership of these Sub Committees is shown ￿knw.
Name
Appolntment
Ireslgnatlon
In year
(1)
(2)
13)
Mr S Abraham
Mrs J E Birkett
Mr M Bolingbroke #
Mrs N Matlow
2214r2025
MrROman#
Mr D N Riley
Mr C Roberts-
Mrs C Thomson #
Mr M G Tyley
i Ms B Walmsley
l Mr G Wrighl
(1) Education & Pupil Progress Committee
{21 Risk Committee
13) Finance & Resources Committee
(4) Safeguarding & Pupil Experience Committee
{5) Nominations Committee
# Directors who were the parents of a pupil at the Sthool during the year
- Member of the Estales and Environment Working Group

CHEADLE HULME SCHOOL
Report and Flnanclal Statements- Year Ended 31 August 2025
OFFICERS
Mr L R￿hardsOn
Head
Miss C Smith {From 313r25)
Director of Finance
Mrs L Quinn Matthews (until 213125)
Sentor Finance Manager
Auditor:
Crowe U.K. LLP
Chartered A¢countants, member of Crowe Global
3rd floor. St George's House
56 Peter Street
Manchester
M2 3NQ
8ankers'.
Santander UK plc
4 St Pauls Square
LNerpool
L3 9SJ
Bardays Bank PLC
P.0. Box 357
51 Mosley Street
Manchester
M2 3HQ
Website..
wvM.cheadlehulmeschool.co.uk

CHEADLE HULME SCHOOL
Report and Flnanclal Ststements- Year Ended 31 August 2025
REFERENCE AND ADMINISTRATIVE INFORMATION
Cheadle Hulme School is a company limited by guarantee with no share capital and is a
registered charity under the auspices of the Charity Commission.
School Address=
Claremont Road
Cheadle Hulme
Chead
Cheshire
SK8 6EF
Company No: 03823129
Charity No: 1077017
Taxation
As an educational charity. the School is eligible for a corwration lax exemption on its educational
activitie5 and investment income, pyovided Ihese are applied tr) the School's charitsble aims.
The School registered for VAT in November 2024 ahead of the govemment introduction of VAT on
educatR)n from 1 January 2025.

CHEADLE HULME SCHOOL
Report and Flnan¢lal Statements- Year Ended 31 August 2025
OBJECTIVES, CONSTRUCT AND AIMS
Cheadle Hulme School was founded irt 1855. It has been situated on its present site. now
occupying about 80 acres of ground, since 1869. The purpose of the School, at tts toundalion,
was to educate. maintain and clothe Orphans and Ne￿$[lOuS Children of Warehousemen and
Clerks in the Manchester area Iwaconians. or WACs}. The founders declared that the School
should be established and ￿ndUCted on the liberal principles. The broad wishes of the
founders are maintsined to this day and. as a consequersce. the School has a distinct, inclusive
and friendw atmosphere.. Academic. Active and Altiuistic.
Cheadle Hulme School ts a co-educational day school for 3 to 18 year-olds, th* believes in the
intellectual, personal and soual value of pupils learning alongside one another in preparation for
Ihe realities of the adult wodd. The School aims lo provide a balanced approach to academic and
co-curricular excellence. blended with a pro4rtive and inclusive pastoral tradition, wh￿h leads ils
pupils to engage in positive roles in their communities and beyond.
The School buikls upon its rnotto of loco parenlis by providing the highest levels and quality of
pastoral ¢are. Teachers and other staff are committed to supporting the V￿lIbeIng of every pupll.
Leadership. teamwork. personal reswnsibilty and resilience are important elements of the
pastoral education the pupils ieceive.
The School continues to value its heTttage by endeavouting to support pupils whose famity
incomes viould otherwise prevent them from accessing and benefftting from the education on
offer.. the School's Financial As&slance Scheme also SUPFQrts the School in improving a more
diverse social and ethnic mix of pupils.
The School's Mission. Vision and Values are containgl atAnnex B.
Detailed information about delivery of these objectives can be found in the Cheadle Hulme
School Impact Report 2024-25 with more information about School Performance, School
Activity, Pastor31 Care, and Environfflental Activity.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Dociiments
The School is govemed by its Articles of Association. upjated and approved by the Board of
Directors on 27 April 2022 and accepted by both the Charities Commission and Companies
House.
Governing Body
The Board of Direciors (the Board} is a self-appointing body comprising up to fourteen Directors.
The term ofoffice lor each Director is renewab￿ by approval ofthe Board after a specified period,
usually of either Iwo or three years.
Recruitment and Training of Directors
An 'as required. Nominations Comrntttee monitors the comFW)Stlion of the Board and makes
recommendations to ensure the Board comprises members with a Whle range of skills and
experience. The Board seeks to ensure that at least two of the Directors are current parents of
pupils attending the School. While there is no specffic requirement for fomier pupils {Old
Waconiansl lo be on the Board. there is a long htstory of this which continues to be the case.

CHEADLE HULME SCHOOL
Report and Flnanclal Statements - Year Ended 31 August 2025
Directors (known as Govemors) are recruited based on their skills. experience and competence.
They must have a passion for the work of the School and a broad understanding of edUcat￿n in
terms of its positive impact on personal growth. Currertt Board members have experience in the
following areas=
Education
Senior BusinessEntrepreneurship
Property Development
Medical
• HR
Financellnveslment
Technokgy
Legal
As a co-educational S¢hool. the Board indudes an appropriate balance of male and female
Directors. New Directors have a bespoke Inductic￿ organised for them. to include meetings
with the Chair, Head, Director of Operations arbd Director of Finance and other key
personnel, to develop understanding of how the sChc￿l functions. ils key policies and
procedures and their roles and responsibilit￿s.
Ensuring Good Governance
The Board is committed lo the principles of good and ethical g0veman￿. The Board uses
its sub-committee slructure, (table on page 1), to Objective￿ scrutinise different elements of
the School's progress and performan￿. The Board ￿rrIeS out periodic skills and
effectiveness reviews of its own constrwl. Board members are aware oftheir responsibilities
to ensure compliance with statuiory and other guidan￿ relevant to its ststus including as a
provider of educalion. a charFty, a company. and as an empbyer.
The School has clear procedures for risk managem8nl. anti-fraud. briberylcorruption.
procurement, gifting, behawours, declarations of interest. complaints and whistleblowing. Its
policies are subject to dated review. overseen by Board member5.
Directors are r8quir8d to confimi that they understand their safeguarding obligatK>ns, key
policies and expectations. arKI svJn the."
AcceptabEe IT Use Agreemerrt Fomi
Code of Conduct and Expectations for Go¥emors
Declaration of Interests Fomi
Declaration of Offences Forni
Fit and Proper Person DedaratK)n Fom)
Directors are also exFECted to obsep4e aspects of Sch￿1 life on a periodic basis during
normal School days, to ￿dUde monitoring how P￿￿1e5 and procedures are imptremented.
Organisational Management
Board member5 a￿ bolh Direc#ors and Charity Trustees, and are legally responsible for the
overall performance and control of the Sch¢J)l (Junior and Senior). The Board meets al least
four times per year and holds Strategy Days with the Senior Leadership Team as
appropriate.
The Head. Head of Junior SchcM)l. Senior Deputy Head, the Director of Operations, and
Director of Finance attend all Board meetings. Other members of SLT and stsff attend by
invitation.

CHEADLE HULME SCHOOL
Report and Flnanclal Statsments- Year Ended 31 August 2025
All Board sulFcommittees are chaired by a Govemor and include a further 1-3 Governors.
They typically meet lemty, with out-of-committee circulation to maintain pa￿ on pressing
matters. Each sut>committee also includes key senior staff ￿￿rnberS and other
representatives as appropriate. The Goveming Board reviews its sub-commtttees
periodically to ensure they are confyured to ￿ndUct key business and support the School
in its strategic aims.
The Head is responsible for overseeing all aspects of the day-t¢>day running of the School.
The Director of Finance and their team manage fin8nck41, infomation technology and
governance matters. The Director of Operations manages infrastructure. site operations,
and human resources. The Head is supported by the Senior Leadership Team (SLT) (image
below). The SLT has authority and day-to-day resp)nsibility for pFanning, directing and
¢onlrolling the operational and educational actÈvities of the charity.
Senior Leadership Team:
The protocol for setting remuneration for the Senior Leadership Team is:
The Chair of the Board, logelher wilh Iwo other members of the Board. induding
the Deputy Chair. agree the Head's remuneration.
The Chair of the Board and the Head agree the remuneration for the
Direclor of Finance and Director of Operations.
The Head, working with the Chair of the Board. Director of Finance and Director
of Operations. sets the remuneration for the remaining members of SLT.
G roup Structure and Relationships
Cheadle Hulme Sch￿1 incorporates both the Junior and Senior School. It has one wholty
owned subsidiary. Cheadle Hulme School Enterprises Ltd (CHSE), established on 14 May
2013, to manage the School's lettings activities. Consolidaled Finan¢ial Statements have
not been prepared on the grounds that the subsidiary is not material.
The School has an ongoing relationship with the Cheadte Hulme Schojl Bursary Trust. The
School's External Relations team raises funds for bufsafies Ihal are invested and managed
by the CHS Bursary Trust using a prOfeSs￿nal advisor. Total funds within the Trust amount

CHEADLE HULME SCHOOL
Report and Flnanclal Ststements- Year Ended 31 August 2025
to approximately £5.7m. The Chair of the Trust is also a School Governor. Two other
Trustees are also Govemors of the School. However. the Trust is an independent charity
with its own art￿leS and objectives.. 'to appty the trust funds to pay all or any part of the fees
and related costs payable in respect of deseNing boys and girls who are being educated or
wish to be educated at Cheadle Hulme School in particular but not exclusive￿ lo indude
school unrforms. sch(K)I lunches. personal educatK)nal equipment, school trips and transport
to enable the pupils to attend Cheadle Hulme School..
Old Waconians. All fomier pupils and staff are cL)nsidered to be Old Waconians.
Parents, Association. The CHS Parents. Association is a separate organisalion, consisting
ofvolunteer parents who a￿ange events in coordination wf(h. for and on behalf ofthe School
to raise funds to provwje addttional eXperien￿S. equipment or support for non-core
activittes.
More detatl about the v40rk of the Cheadle Hulme School Bursary Trust and the Parents
Association can be found in the 2024-25 Cheadle Hulme School Impact Report.
PRINCIPAL RISKS
Risk Management
The Board, assisted by the SLT, has examined and documenled the major risks that the
School faces. The School's Risk Register is tx)mpiled in accordance with the Charity
Commission's "Charilies & Risk Management" framewofk and is consistent with the
Commission's Slalement of Recommended Pra&ice (SORP) (FRS 102).
The Sohool actively manages its key risks and has developed systems including a rolling
'deep dive. review, to minimise likelihood of harm to individuals or their families. redu
operational impact, and reduce financial or reputath)nal impact lo the School. The key
accumulated risks are.. financial shock. complian￿. safeguarding. cyber. fire, sportslgames
injury, travel, trips, lone-working and estates management. Changes (or predicted changes)
to tax. pension cost increases. INing wage rise. commoditylulilrty costs. inflation. workfor￿.
and environmental obligations are all within sight of the Board.
Directors review the key risks. Com￿lance and mrtigating actions on a regular basis via the
sub-committees, in direct discussion with key staff andlor via a dedtcated Risk Committee.
The School's finances remain under very careful review.
The strategies for managing and mthgating these key risks included:
Continuing to refine and devek)p risk assessment and Critical incident processes
in line with changing corrtext and government guidance.
Educaling and Iraining staff in risk management
Continuous horizon scanning to ensure Directors and the SLT are aware Of
national and l¢xal government thinking and policy. and taking action accordingW-
Understsnding the impact ol intemational activities e.g. conflicl, recession.
Being aware of locavnational changes in the education sector. considering the
impact on the School and taking appropriate actton.
Monitoring and devebping the Schoofs admissions prcKess.
Continuing to prepare and review the annual budget, financial projections and
S￿nario plans, to include changes in fees and remuneration.

CHEADLE HULME SCHOOL
Report and Flnancial Statements - Year Ended 31 August 2025
Continuing to ensure that the Risk Commtttee will foujs on risks and compliance
across the SchLNJI. to maintatn a full oversight. ensure Coheren￿ and promote
standardisalion of practti.
SECTION B.. FINANCIAL
Statement of Financial Activities
The School aims to make an annual surplus on its unrestricted funds. before depreciation.
of 1 00￿ of income. in line with the ktest guidance from the Independent Schools Bursars,
Association. A surplus of this level means the School can generate sufficient cash reserves
to ensure tt has an appropriate level of resources to maintain and enhance School facilities,
and have sufficient working capital. This year, the School has not mel the target of 10%. but
achieved a surplus on its unrestricted funds, before depreciation and transfers. of £1.53m
(2023-24.. £1.59m). This represents 70/0 of income (2023-24. 8¥¢1. After depreciation, the
Retained Surplus for the Year on unrestricted funds amounted lo £0.5m (202>24". £0.6m).
The reduction in surplus for the year was agreed by the Board to mitigate the effect of the
introduction of VAT on school fees ak)ng wtth continued macro-economic pressures, most
notably pension cost inflation pressures. transport. maintenance and m*erials cosls
affecting all areas of school activity. Fees continue to be the main source of funding,
representing 91.10 of tolal unrestricted income. Schc4)I catering accounts for approximate
5tyA and indivtdual donations forfinancial assistance represent over1 /0. In(x)me from lettings
to community groups and other third parties i.e_. CHSE. ¢s less than 1%. Bank interest was
eamed in the period, representing less than 2%.
Balance Sheet
The School's Net Assets have increased by £0.54m.
Tangible Fixed Assets are £20.gm net of depreciation (2023-24". £21.2m). The School
undertook an extension and refvrbishment ofthe JunK)r School during the summer months
lo enhance lacililies for students and ￿ate an exlra class room to acca)mmodate an
addtiional Year 5 class. Cash at Bank and in hand has decreased to £7.3m {2024-25.' £7.6m)
and Creditors falling due wrthin one year have increased to £6.7m 12024-25= £5.6m),
primarity reflecting the repayment of the fac41ity due in April 2026.
Overall, net current assets have decreased to £2.1m. (2023-24.. £2.9m).
Creditors.. Amounts falling due after more than one year have decreased to £2.5m {2023-
24.. £4.1 m) reflerting the loan movements and the rekase of fees in advance paid for more
than one year.
The School has drawn bank loans totalling £1.6m.
The School's pension liabilities are summarised in note 22 in the accounts.
Statement of Cash Flows
The Nel Decrease in Cash for the year was £0.2m12023-24'. Net Increase was £3.5m), due
lo ￿CeIpt of fees in advance in the prior year.
Reserves
Total reserves amounted to £20.5m at 31 August 2025 (2023-24.. £20.Om). of which £416k
{2023-24'. £390kl is restricted.

CHEADLE HULME SCHOOL
Report and Financial Statements - Year Ended 31 August 2025
The School has free reserves of £0.8m (202>24: £0.8m free reserv851. This is ¢akulated
by laking unrestricted reseNes of £20.1 m deducting Tangib￿ Fixed Assets of £20.gm and
adding back Loans of £1.6m.
The School ensures it has suff￿4e￿I cash balances to cover tts day-tTrday operations. Bank
borrowings are Careful￿ rnonitored.
Investment policy and objectTves
The School does not hold any long-tenn inveslments. Surplus cash ts held in instant access
bank accounts with the best interest rate avaiLable. Directors periodically review the banks
Used by the School. However. there are no restrictions on the School's power lo invest.
Financial Factors
To ensure the Schc(sl continues to have financial stabilty and the resources necessary to
provide the high standard of education facilty and slaff that parents and pupils expect now
and in fvture years. the School prepares and regulaty update5 5-year financial projections
incorporating ￿nariO and sensitivity anatys's.
As fees are the School's primary Sour￿ of income. the Sch￿1 works with parents to ensure
prompt payment of fees. For those parents having drfficulties with payment of fees. the
School lakes action to reach arrangements for ongoing payments. The School does utilise
external debt collection agenC￿s.
Directors, Responsibilittes
The Board is confident that the Directors have ￿mPlIed with their dulles in section 172 (1)
of the Companies Act. All key decisions are taken collectively by the Board. Board pa￿r$
comprise comprehensive information detailing the Tisks and opportuntties facing the School
and decisions are taken about promoting the long-tem) sustainability of the School for its
pupils, parents, staff, suppliers and local communty. All decisions taken are considered
carefully to ensure they are justffiabk. appropriate and that they will benefft the School a￿j
the environment it operates in.
SECTION 172111 STATEMENT
The Board of Directors have a duty to act in the best interests of the School and also in the
best inleresls of its pupils. staff. parents and other stakeholders. as recconised beneficiaries
under charty law. The Directors fulfil thFs duty by considering the long-tern factors affecling
the School and their impact on its pupils. staff. parents. partners, suppliers and k)cal
community. The School's commtimenl to providing an excellent education for its pupils is
Ihe key driver within its Slralegic plan and in its target of continued finanual sustainabilty-
The School ensures thal engagement wilh pupils, staff. parents. carers, partners and other
stakeholders informs Ihe Board of Direciors. deCiS￿n making. Engagement takes place in a
range of ways:
Pupils
Pupils are encouraged to contribute their perspectlves wUlar￿ through dialogue wtth Form
Tutors, as well as through formal suNeys commissioned when input on school-wide
initiatives is required. Our Sixth Form Council, ￿mprisIng the mosl senior pupil volunteers.
plays a central leadership role in representing student voice: members lead pupil-led
initiatives and act as role [Tr￿elS to younger year groups.

CHEADLE HULME SCHOOL
Report and Flnanclal Statements- Year Ended 31 August 2025
The Eco Committee, made up of pupils from the JunKJr Schwl through to the Sixth F¢)mi.
meels regulady to shape sustainability projects and infiuence whole-school environmental
praclice. In addith)n, all Year 10 pupils participate annualty in the Greater Manchester
Beewell Su￿ey. a longitudinal study thal provKles important insKJhts into young people's
wellbeing and helps guide pastoral priorit￿s.
Pupil representatives have continued to meet reguLgrly as part of the CHSenale, which
meets in the Lower School, Upper School and Stxth Form lo discuss key areas for review
and improvement.
Parents I Carers
Parents and carers are kept dose￿ inforyned of school devekjpmenls through the fortnightly
Head'5 Update and targeted communications about key iniliatives. Feedback from parents
is actively sought when appropriate and used to support planning and improvement. At the
beginning of each academic year. Senior Pastoral Leaders host an Information Evening for
all parents for each year group to outline prForIt￿s, expectations and pastoral support
structures for the year ahead. A programme of further infoTmation events is deliVe￿d
throughout the year. covering a range of pastoral themes and offering guidance and support
to parenls wherever possible. The School continued to conduct parenu carers surveys each
term on a year gioup basis. It also encouraged feedback from parents at parent information
evenings and by facilitating direcl corrtact wtlh teaching staff and members of Ihe Senior
Leadership Team. The School also hekl a number of parent forums and parents were given
the opportunity lo provide feedback on the School's delwery and perfomiance.
Staff
The Employee Involvement section al Annex C details how the Sch￿7 engages its staff.
Communitie5
The School activety and direclty engaged with the communty groups who use the School's
faciltiies in the evenings, weekends and holiday pefiods to ensure 5uilable risk assessments
and training were in place and that the services pro¥￿ed by the School mel their needs.
Wider partnership, communty outreach and engagement impact is covered in the 2024-25
Cheadle Hulme School Impact Report
Partners & Suppliers
The School relied on its key suppl*rs and contractors for delivery of gocmjs and services.
Appropriate measures were taken to ensure value and price was faidy assessed and Ihat
the contracts awarded mel the need5 of the Schi)ol. ContTacts are evaluated, with tem)ly
performance ffleelings" A tender process is conducted, as appropriate, when signffjicant
fixed-temi contracts expire. The main suppliers are Sodexo for catering. Brstish Gas for
utilities and Premiserv for cleaning.
DIRECTORS. RESPONSIBILITIES
The Directors are responsib￿ for preparing the Directors. Report and the financial
stalemenls in accordan￿ with applicable law and regulations.
Company law requires the Directors to prepare finanaal statements for each financial year.
Under that law the Directors have elected to prepare the financial staternenls in accordance
with United Kingdom Generalty Acc8pted Accounting Pract￿ {Unrted Kingdom Acuunting
10

CHEADLE HULME SCHOOL
Report and Flnanclal Statements- Year Ended 31 August 2025
Slandards and applicable law). Under company law the Diredors must not approve the
financial statemenls unless they are satisfied that they give a true and fair view of the state
of affairs of the company and of the income and expendtture of the company for that period.
In preparing those financial statements. the Directors are required to select suitable
a¢￿UntIng policies and appl￿ them conststenty:
Making judgemenls and estimates that are reasonable and prudent.
Following applicable accounting standards and the CharIt￿S SORP (FRS 102).. and
stale whether applicable UK accounting Standards have been followed, subject to
any material departures disclosed and explained in the financial statements.
Preparing the financial slatements on the going concern basis unless it is
inappropriate to p￿SuMe that the company will continue in business.
The Oirectors are responsible for keeping adequale accounting records that are sufficient
to show and explain the compan￿$ transa(*ions and disck)se wtth reasonable accuracy at
any lime the financial position ot the company and enable them lo ensure that the financial
statements comply with the Companies Act 2006. They are also responsible for
safeguarding the assets of the company and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularifies.
GOING CONCERN
The Directors have regard f￿the going concem of the Charity and have considered all
available infomialion aLKJUt the Sch(K)I's fulure prospecls. The directors have reviewed the
School's financial wsition, including a detaited budget for Ihe 12 months ahead. financial
projections for a five-year peri￿￿, cash flow and capital requirements. These projections
have considered sensitivty anatysis in future enroll￿Ent and fee income levels.
Despite the challenging economtc landsrape, the School (xjnlinues to deliver a strong
educational offer. wrth posrtive enrolment levels and committed lee-paying families.
ReseNes remain at a level that provides comfort in managing unexpecled cost pressures
and enable the School to make ongoing reinvestment in tts facilities, further supporting its
mission and sustainabilrty. The Directors continue to closely monitor any polential changes
in regulatory or funding environment for independent schools.
Based on current financial reSoUr￿s, rigorous contingency planning, and proactive
management, the Direcaors L￿lieVe that the sth￿l is well-positioned to continue as a going
concern for at least Iwelve nK)nths from the date of approval of these financial statements.
Accordingty. Ihe financial statements have been prepared on a going concem basis.
STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the Directors are aware".
there is no relevant audit infonrtation of which the company's auditors are unaware,
and,.
the Directors have laken all the steps that ought to have been taken as a member
in order to be aware of any infornation needed by the auditors in connection with
preparing their report and to estsblish that the company's auditors are aware of that
infomation.
The Directors have also tsken all reasonable steps to compW viith their obligations as set
out by the Charty Commission to act in the best interests of the charty and compty wrlh
their legal duties under charity law. including their duty of prudence.

CHEADLE HULME SCHOOL
Report and Flnancial Ststements - Year Ended 31 August 2025
Approval
This report was approved by the Board on .....
1.1. dc{rfcly.£crL
Chris Roberts
Director
12

CHEADLE HULME SCHOOL
Report and Financial Ststements- Year Ended 31 August 2025
ANNEX A.. ENERGY DATA
The School has begun using Planet Mark to n￿nitOr and report energy use across the
School site. Planet Mark is an annual assessment and sustainability certification programme
which provides a robust baseline to enable continuous improvement and target setting lo
reduce Ihe ¢athJn emissions and energy consumption of Ihe School operations and its
estale.
In Year 1 of the accreditatton, the installation of stte-wide LED lighting significantty lovRred
electricity utilisation, and dala reporting qualty assurance Ihrough Planet Mark has seen an
improvement in data capture (which has seen an increase in energy data rewrted). Through
a programme of engagement and communi￿110n, the Schwl has been able to corrtinue to
drive progress across energy saving measures and to drive behavioural change resulting in
an overall reduction in energy use and asscctaled greenhouse gas emissions.
More details about the Stht)ol's commitment to saving energy can be found in the 2024-
2025 Impact Report.
2022-23 ..
Eneryy usg {kWh)
3.335,199
3A08.011
3.440286
Asso¢lated
Greenhouse
emissions (Tonnes
C02 equlvalent)
833,710
719,950
Inlenslty
ratlo
Emlssions per pupil
3W2
428
475
Associated greenhouse gases have been calculated using the conversion factors from the
Department for Business, Energy, and Industrial Standard, and using an average pupil number
of 1525. Intensity ratio of emissK*ns per pupil is lower than 2023-24 due to the use of solar
panels throughout the year.
13

CHEADLE HULNE SCHOOL
Report and Flnanclal Statements - Year Ended 31 August 2025
ANNEX 8.. THE SCHOOL'S STRATEGIC AND OPERATIONAL PLANS
The School has a dear Ethos & Mission=
Our School was built by fr*thinking philanthropists in 1855 to provide a liberal. inclusive
Co-education to orphans and necessitous children.
To Ihis day, we inspire every Wao)nian to use their CHS experience to fflake a positive
lrfelong contribution to our v￿r1d.
Our mission and vision will be achieved through a cutture characterised by compassion.
curiosity and joy, built around o)nneclions wilh people, our community and our herftage.
We passionately believe that an inclusr¥e C(ped￿atIOn has never been more important -
where pupils embrace difference and leam the value of respecting new and diverse ways
of thinking.
The School's Values underpin and guide all aspects of lrfe at CHS. whilst providing a strong
sense of idenlity and purpose for the wh￿e communty. All members of the community are
encouraged to uphold these princip* in their inlerath'ons wilh one another and throughout
each day.
The 5 Waconk?n Values are.. Integrity. Endeavour. Cornpa5sion. Resilience and
Coiitributioii.
Work on the Sd)ool's Strategic Plan has been paused pending a review of the post-VAT
landscape. Meanwhile. in-year Devetopment Plans have been produced and fulfilled for all
functional areas. with particular emphasis on maximising the efficient use of resources and
minimising overall cost. The medium-term aim is to ensure that the qualty of education is
preseNed. whilst minimising cuffent and fLrture fee increases.
14

CHEADLE HULME SCHOOL
Report and Financial Statsments- Year Ended 31 August 2025
ANNEX C: EMPLOYMENT, COMMUNICATION AND PROFESSIONAL DEVELOPMENT
The School is an equal opportuntties employer. It has dear and transparent recruitment
procedures that adhere to employment law. best practu and Department for EduCat￿n
guidelines. The School consider5 all job applicants equalty and against predelemiined
criteria required for the post. The School undertakes to make all reasonab￿ adjustrnents to
ensure that any applicant who futfils the criteria. can be offered an inleNiew.
The Sch￿1 meets its obligations in relation to safeguarding" Tl meets safer recruilment
standards and undertakes any checks necessary to ensure the suitabilty of any staff or
volunleers working with children.
Development
The School has a deaTly defined development Gyde for all employees. Different systems
are used forteachers and non-teachers. due to the nature of their roles. These systems are
designed to encourage regular conversations be￿een empbyees and their line managers.
focussing not only on professional development and growth but also on wellbeing, work
satisfaction and longer-temi team plans.
The School runs its own development programmes for Recentty-aualif￿d leachers, and
aspiring Senior and Middle leaders. The School has an annual budget for CPD activities.
accessible to both teaching and non-teaching employees. The￿ are professional learning
communty meelings for teachers which take pkqce Iwice a temi and V￿klY breakfast CPD
sessions.
Wellbeing
Staff wellbeing is key to the School's appeal and success. School provides staff coaching
and mentoring for professional and personal development and operates an Employee
Support Scheme: an external organtsation is on hand 24n to provide a broad range of
advice and support (personal and work-relatedl on a confidenttal basis to all School staff.
All staff have access to the intemal HR department who offer support and guidance on
wellbeing matters.
Benefits
The School's employment contrad also includes varKJus tenefits". access to the Sch¢)ol's
fithess and pool facilities for stsff and their families-. on-site parking., lunches,. access to
affordable private hea￿hcare through Benenden Health" Staff Eyecare and Cycle to Work
schemes, and partial-fee remission for staff wilh children in the Senior School. These
benefrts are regulaty reviewed for impact, uplake and perceived value to Ihe staff.
Employees with disabilities
The School undertakes to make all reasonable adjustrnents to ensure that any candidate
applying for a role at the School. and who is deemed appointable. would be able to carry
out their duties effectively. Any member of staff with a disabilty. or who becomes disabled
during their empk)ym8nt. will not be disadvantaged in their OPF)Ortunities for training and
development
Where appropriate, specialist Iraining or resources are made available to allow them to
develop their skilts and Ca￿er opwrtunities.
15

CHEADLE HULME SCHOOL
Report and Financial Statements- Year Ended 31 August 2025
All employees are expected to treat disabled o)Ileagues, pupils and visitors with the same
dignity and respecl as their non-disabled counterparts. Any fomi of harassment of a pefson
with a disabilty on account of their impaiTment is unacceptable behaviour and is potentially
nlawful under the temis of the Equalty Act 2010 and the Piolection from Harassment Act
1997.
The School has a rolling programme ol improvements within an estsle plan to offer improved
access and facilities for disabled staff. pupils and vtsitors. to indude gender-neutral and
inclusive loiletslwashrooms and the facilty for the observanc* of normal religK)us practices.
Employee Involvement
The School operates a structured framework for employee information and consultation
which complies with Ihe reqU1￿ments of the InforMat￿n and Consultation of Employees
Regulations 2004.
The School actively engages with employees and their representatives lo ensure that their
views are considered where decisions are taken that may affect their interests. including
(but not limited to) working practi￿$. pensions. beneffts and curriculum devek)pments.
Employee representation is fonnalised through Slaff Council, which meets tem7￿ and
provides a forum for open dialogue between staff and senior leaders. In addition, teaching
staff within the Senior School meet tennty to discuss matters relating to their professional
experience. with key themes and issues Taised with the Head following each meeting.
The School also recogni5es the role of trade unions as set out in the Trade Union
Recognition Ag￿ernent ITURA), and consults wtth recognised trade union representatives
on matters within scope of Ihe agreement. This ensures that fomwl consultation
hanisms sit alongside wider staff engagement channels and reinforces our 1￿mit{￿ent
lo transparent, meaninglul and constructive involvemenl of staff in decision making.
The School involves employees in discussions regarding the development of the Strategic
PLan and informs them on progress at least annual￿ al INSET meetings. Employee5 are
encouraged to present their suggestions and views on all e￿MentS of the School.
Communication
The School oommunicales with employees in a variety of forms e.g. INSET days. week
Staff briefings. all-staff emails, half-temity line managers. meetings, all-staff meetings. team
Meetings and Away Days. A comprehensive online Staff Site acts as the primary Sour￿ of
information for all staff and is updated daily. Regular meetings are held between
management and employees to enable the free Ilow of information and ideas.
School-centred Initial Teacher Training {SCITTI
The School continues lo act as a regH)nal hub for the National Modem Languages (NML)
SCITT. Four trainees are placed each year al CHS and partner schools. All Irainees to date
have secured emptoyment in state sector schools.
16

CHEADLE HVLME SCHOOL
Report and Financlal Statements - Year Ended 31 August 2025
INDEPENDENT AUDrroR'S REPORT TO THE MEMBERS OF CHEADLE HULME SCHOOL
Oplnlon
We have audited the financtal statements of Cheadle Hulme Sch￿1 ('the charttable company,) for
the Year Ended 31 August 2025 which comprise the Statement of Financial Activities. the Balance
Sheet, the Statement of Cash Flows and notes to the financial statements. induding significant
accounting policies. The financial feporting framework thal has been applted in their prepatation
is applicable law and Untted Kingdom Accounting Slandards. induding Financial Rew)rting
Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland
{United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements..
gwe a true and fair view of the state of the charitable o)mp2ny's affairs as a131 August
2024 and of its incoming resources and application of resources, including its income and
expenditure for the year then ended-
have been property prepared in accordance with Unf(ed Kingdom Generalty Accepted
A¢¢ounting Practice., and
have been prepared in accordance with the requirements of the CoMpan￿S Act 2006.
Basls for oplnlon
We condu(thd our audit in accordance with Intemational Standards on Auditing (UK) (ISAS (UK))
and applicable law. Our ￿Sponsibl11t1es under those stsndards are further described in the
Auditor's responsibilities for the audit of the financhgl statements section of our report. We are
independent of the charitable ￿MpanY in accordance with the ethwl requirements Ihat are
levant to our audit of the financial statements in the UK. including the FRC'S Ethical Standard.
and we have fulfilled our other ethical responsibiltties in accordance wrth these requirements.
We believe that the audit eviden￿ we have obtained FS sufficient and appropriate to provide a
basis for our opinion.
Concluslons relatlng to golng concern
In auditing the financial stslemenls, we have conduded that the trustee's use of the going concem
basis of accounting in the preparation of the financial statements is appropriate.
Base(l on the work we have FerfomHI, we have not Mlentified any material un￿rtaInlieS relating
to events or conditions that. individualty or coliectrvety. may cast signifunl doubt on the charitable
company's ability to continue as a going concern for a period ofat least ￿efve months from when
the financial statemerrts are authorised for issue.
Our responsibilities and the resPon￿billtles of the trustees with respect to going concem are
described in the relevant sections of this reForL
Othèr Infomiation
The trustees are responsibFe for the other infomiation contained within the annual report. The
other inf0m￿tIOn cornprises the infornation included in the annual report. other than the financial
statements and our auditor's report thereon. Our opinion on the financial slalements does not
cover the other infomiatM)n and, except to the extent othe￿ise explicitly stated in our report. we
do not express any fom of assurance conclusion thereon.
Our responsibility is to read the other infonnation and, in doing so, consider whether the other
information is materially inconsistent with the financial statements or our knowledge obtained in
the audit or otherwise appears to be materialty misstated. If we identify such material
inconsistencies or apparent material misstatements. we are required to detemiine whether this
gives rtse lo a material misstatement in the financial statements themselves. If. based on the work
we have performed. we conclude that there is a material misstatement of this other infomiation.
we are required to report that fact. We have nothing to report in this regard.
17

CHEADLE HULME SCHOOL
Report and Financial Statements- Year Ended 31 August 2025
Opinions on other matters prescribed by the Companles Act 2006
In our opinion based on the work undertaken in the course of our audit
the infoTmation given in the trustees, rewrt. whith indudes the direclt)rs' rewrt and the
strategic report prepared for the purposes of company law. for the financial year for wh￿h
the financial statements a￿ prepared is consistent with the financral statements- and
the strategic report and the directors. report induded within the trustees. report have been
prepared in accordance with applicable legal requirements.
Matters on whl¢h we are requlred to report by exception
In lighl of the knowledge and understanding of Ihe charitable company and their environment
obtained in the course of the audit. we have not identified material misstatements in the
strategic report or the directors, report induded within the trustees. report.
We have nothing lo ￿port in respect of Ihe following matters in relation to which the Companies
Act 2006 requires us to report to you rf, in Oltr opinion..
adequate and proper accounting records have not been kepl", or
the finanual stslements are not in agreement wtlh Ihe accounting records and retums" or
certain disckjsures of trustees. remuneration S￿￿￿ed by law are nol made; or
• we have not received all the informatton and explanatM)ns we require for ¢)ur audit
Responsibilities of truslees
As explained more fulty in the trustees, responsibilit￿S statement set out on pages 10-12 the
trustees (who are also the directors of the charitabte company for the purposes of company law)
are responsible for the p￿par*lon of the financial statements and for being satisfied that they
give a true and fair view, and for such intemal control as the trustees determine is fte￿ssary to
enable the preparation of finanaal statements that are free from material misstatement, whether
due to fraud or error.
In preparing Ihe financial statements. Ihe twstees are ￿sponsible for assessing the charitable
company's abilty to continue as a going COn￿M, disclosing, as applicable, matters relaled lo
going con￿rn and using the going con￿rn basis of accounting unless Ihe trustees either intend
to liquidate the charitable company or to cease operations, or have no realistic alternative but to
do so.
Audltorfs responslbllltles for the audit of the financial statements
Our objecawes are to obtain reasonable assuran￿ about whether the financial statements as a
whote are free from malerial misstatement, vthether due to fraud or error, and to 155ue an auditorfs
report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a
guaranlee that an audit conducted in accordance with ISAS IUKI will a￿48Y$ dele¢t a material
misstatement when it exists. Mi5Statements can arise from fraud or error and are considered
material if, individually or in the aggregale, they coukl reasonabty be expected lo influence the
economic decisions of Use￿ taken on the basis of these financial statements.
Details of the extent to which the audit was (￿nSidered capable of detecting irregularttses.
including fraud and non-compliance with laws and regulations are set out below.
A further description of tyjr resw)nsibilities for the audit of the financial statements is located on
the Financial Reporting Council's website at: yn•M.frc.or
.ukJauditorsres
onsibililies. Thls
description fomis part of our auditorfs report.
18

CHEADLE HULME SCHOOL
Report and Flnanclal Statements - Year Ended 31 August 2025
Extent to which the audit was considered capable of detecting irregularities, including
fraud
Irregularities, including fraud. a￿ instances of non-compliance with laws and ￿gUlatiOns. We
identified and assessed the risks of material misstatement of the financial 51atements from
irregularities, whether due to fraud or e￿Or, and discussed these belween our audit team
rnembers. We then designed and performed audil prO￿dureS responswe tothose Tisks, including
obtaining audit evidence SUff￿len1 and approprtate lo provide a basis for (￿r opinion.
We obtained an understsnding of the *al and regulalory frameworks wtlhin which the charitable
company operates, focusing on those laws and regulalions that have a direct effect on the
detemiination of material amounts and disdosures in the financial statements. The laws and
regulations we considered in this context were the Companies Act 2006, taxation legislation,
together with the charities SORP (FRS 102). We assessed the requiied Complian￿ with these
laws and regulations as part of our audit procedures on the related financial statement items.
In additM)n, we considered provisions of other laws and regulatM)ns that do not have a direct effect
on the financial statements but compliance wtth which might be fundamental to the charitable
company's ability to operate or to avotd a material penaty. We also considered the opportunities
and incentives that may exist within the Charitab￿ company for fraud. The laws and regulations
we considered in this context for the UK operations were The Education {Independent School
Standards) Regulations 2014, Employment legislation and Health & Safety LegislatTron.
Auditing slandards limit the required audit prc¢edures lo idenlty non-compliance with these laws
and regulations to enquiry of the Truslees and other management and inspeolion of regulatory
and legal correspondence, rf any.
We identified the greatest risk of matertal impact on the ffinancial statements from iffegularilies,
including fraud, to be With￿ the timing of recognitKJn of other income and the override of controls
by management. Our audit procedures to respond lo these risks included enquiries of
management and the Finance and Resources Committee about their own identification and
assessment of the risks of irregularities. sample testing on the posting of journals, reviewing
accounting estimates for biases. reviewing regulatory correspondence with the Charity
Commission. Independent SchcM)Is Inspectorate. sample testing of other income and reading
minutes of meeting5 of those charged with govemance.
Owing to the inherent limitations of an audrt. there is an unavoidable risk that we may not have
detected some material misstatements in the financial ststements, even though we have properly
planned and performed our audit in accordan￿ with audrting standards. For example, the fvrther
remved non-compliance with laws and regulations {irreguiaritiesl is from the events and
transactions refle¢Xed in the financial ststements, the kss likety the inherenlty limiled pr(￿edUreS
required by auditing standards woukl identify it. In addtlion, as wtth any audit, there remained
higher risk of non4etection of irreguiattties, as these may involve collusion, forgery, intentional
omissions, misrepresentstions, or the override of intemal ￿ntrolS. We are nol responsible for
preventing nonpcompliance and cannot be expected to detect non-complian￿ with all laws and
regulations.
Use of our report
This report is made solely to the charttable company's members. as a trfxly. in accordance with
Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertakers SO thal
we might state to Ihe charitable company's members those matters we are required to state to
them in an auditorfs rewrt and for no other Pufpose. To the fullest extent pemittled by law. we
do not accepl or assume ￿SponSibl1ty to anyone olher Ihan the charitable company and the
charitable company's members as a body. for our audit work, for this report, or for the opinions
we have fomied.
19

## **CHEADLE HULME SCHOOL Report and Financial Statements - Year Ended 31 August 2025** 


Kathryn Paul Statutory Auditor 

For and on behalf of 

Crowe U.K. LLP Chartered Accountants 3rd floor, St George's House 56 Peter Street Manchester M23NQ 

Date .........20th  March 2026.............. . 

20 



## **CHEADLE HULME SCHOOL Report and Financial Statements - Year Ended 31 August 2025** 

## **STATEMENT OF FINANCIAL ACTIVITIES (Including an income and expenditure account)** 

|**Unrestricted**<br>**Note**<br>**Funds**<br>**INCOME**<br>**£'000**<br>**Income from:**<br>Donations and legacies<br>6<br>278<br>Investments<br>5<br>344<br>Ancillary trading income<br>4<br>1,534<br>Charitable activities<br>3<br>19 736<br>**Total Income**<br>21 892<br>**EXPENDITURE**<br>Charitable activities<br>21 380<br>**Total Expenditure**<br>7<br>21 380<br>**Net School income for the year**<br>512<br>**and net movement in funds**<br>Total funds brought forard<br>19 590<br>Total funds carried forard<br>21<br>20 102|**Restricted**<br>**Total**<br>**Funds**<br>**2025**<br>**£'000**<br>**£'000**<br>47<br>325<br>344<br>1,534<br>19 736<br>47<br>21 939<br>21<br>21 401<br>21<br>21 401<br>26<br>538<br>390<br>19 980<br>416<br>20,518<br>**Total**<br>**2024**<br>**£'000**<br>595<br>341<br>1,408<br>18 631<br>20 975<br>20 061<br>20 061<br>914<br>19 066<br>19 980|
|---|---|



The Statement of Financial Activities includes all gains and losses recognised in the year. All activities are classed as continuing. 

## **The notes on the following pages form part of these financial statements** 

21 



CHEADLE HULME SCHOOL
Rèport and Flnancial Statements- Year Ended 31 August 2025
BALANCE SHEET
Company number. 3823129
Note
2025
2025
2024
2024
£'ooo
£'ooo
£'ooo
£'ooo
Flxed assets
Tangible assets
10
20,934
21,195
Current assets
Debtors
Cash at bank and in hand
12
1,447
7.314
867
7.558
8,761
8,425
Creditors". Arnounls falling due within
one year
Loans
other
13
(1.550)
{5.1 $2)
1200)
(5.343)
Net current assetsl{Ilabllltles)
2.059
2,882
Total assets less Current Ilablllties
22.993
24,077
Creditors: Amounts falling due aft
more than one year
14
{2.475)
(4,097}
Net assets
20.518
19.980
Funds
Unrestricted general funds
Restricted funds
20
19
20.102
416
19,590
390
Total charity funds
20.518
19.980
The financial stalements were approved by the Board of Directors on
suned on its behalf bv..
C Roberts
Director
The notes on the following pag¢s forni part of thesè financlal ststements.
22

CHEADLE HULME SCHOOL
Report and Financial Statements- Year Ended 31 August 2025
STATEMENT OF CASH FLOWS
2025
£'ooo
2024
£'ooo
Cash flows from operallng activities:
Nel movement in funds
Adjusted for:
Depreciation
Interest payable
Interest receivable
{Increaselldecrease in trade and other receivables
Increasel{decrease) in trade and other payables
Increasel{d6crease) in pension debt provlsion
538
914
1.016
77
(344)
(48)
{1,059)
890
984
88
(341)
1186)
3.495
157)
Net cash inflow from operating activitie5
Cash flows from Invesllng aclivltles
Purchase of tangible fix&J assets
Reduction in value of tsngible fixed assets as a result of
VAT reclaims
Interest r￿￿ed
(1.581)
295
(1,327)
341
Net cash ouffiows from investing activities
{942)
(986)
Cash flows from financlng actlvltles
Repayment5 of amounts borrowed
Repayments of finance lease
Interest paid
(200)
(96)
(76)
(200)
(891
(88)
Net cash outhows from flnanclng acllvllles
(372)
(377)
Net increaselldecrease) In cash & cash equfvalents
(244)
3.533
Openlng cash & ¢ash equlvalents
7.558
4,025
Closlng cash & cash equivalents
7,314
7,558
Movement In cash & cash equlvalents
(244)
3,533
23

CHEADLE HULME SCHOOL
Report and Financial Statements- Year Ended 31 August 2025
RECONCILIATION OF NET DEBT
Atl
Septernber
2024
£'ooo
At
31 Au9USt
2025
rooo
7sh flow
£'ooo
Cash at bank
7,558
{244}
7.314
Bank k)an due in less than one year
Bank kjan due in greater Ihan one year
(200)
1.750
(1.3501
1.750
(1.550)
5.608
156
24

CHEADLE HULME SCHOOL
Report and Flnanclal Statsments- Year Ended 31 August 2025
NOTES TO THE FINANCIAL STATEMENTS
ACCOUNTING POLICIES
General information
Cheadte Hulme School is a private company limited by guarantee and is non-profit making.
Cheadle Hulme School ts incorporated in England and Wales. The registered office is Claremont
Road. Cheadle Hulme. Cheadle. Cheshire SK8 6EF.
Basls of accountlng
Cheadle Hulme School meets the definition of a public benefft entity under FRS 102. The financial
statements have been prepared under the hislorical cost convention, wtth the exception of certain
buildings which have been included at a valualion made in 1939 and in accordance with applicable
accounting standards. The financial stalements have been p￿pared in accordance with
Accounting and Reporting by Charities. Statement of Recommended Pra￿￿ applicable to
chaiities preparing their accounts in accordance with the Financial Reporting Stsndard applicable
in the UK and Republic of Ireland IFRS 102) (effective 1 January 2019) - {Charities SORP {FRS
10211, and the Companies Act 2006.
Golng concern
The Directors have due regard for the going concem of the Char￿y. The School prepares a
detailed budget for the 12 fflonths ahead as well as financial projections for at least a fvrther 3
years. Actual performan￿ is montiored at least termty and cash balances are managed daily. The
SChC￿l continued to have strong pupil recruitment and made a positive Income and Expenditure
surplus which it uses to reinvest in its facilities. The Oirectots continue lo undertake planning and
forecasting including Close￿ monitoring the UK political and economic situation and its possible
impacl for the School, induding workforce availabilty and wages pressures and the implicalions
of any changes to UK taxation as it applies to independenl sthcM)Is.
The directors also keep under revivw the short and kjng-tenn impact of geowlilical conflict
including issues in suppw ohains, energy costs and other materials costs. Direclors believe that
Ihe school's financial resour￿$ and contingency planning is sufficient to ensuTe the ability of the
School to continue as a going concem for the foreseeable future, being at leasl twelve months
from the date of approval of these financial statements and therefore have prepared the financial
statements on a going concern basis.
Group ac¢ounts
The charity has not prepared ¢onsolidated ac￿Unts as the subsidrary undertaking may be
exduded from consolidation t)n the basis that it is not material. These financial statements
therefore present inf0m￿tIOn ab)ut the charity as an indpiidual undertaking rather than as a
group.
Income
All income is included in the Statement of Financial Activit￿ when the School is legally entitled
to the income and the amounts can be quantified with reasonable accuracy. Inoome mainly
represents fees eamed in respect of tuition given durtng the year. Fees received in respect of
tuition to be given after the year end are induded in credttors as fees re￿Ned in advance.
25

CHEADLE HULME SCHOOL
Report and Financlal Statements - Year Ended 31 August 2025
NOTES TO THE FINANCIAL STATEMENTS Icontinued
ACCOUNTING POLICIES (CONTD)
Donations and gifts
All monetary donations and gifts are induded in full in the Statement of Financial ActNities when
receivable, provided that there are no donor imFX)sed restrictions as lo the timing of the related
expenditure, in which case recognition is deferred until the pre<onditk?n has been met.
Donations under Gift Aid. together wtlh a5socÈated income tax recoveries. are credited as income
when the donations are receivable.
Legacies are included when the Charity adwsed by the personal represenlatȥe of an estste
that payment will be made. if the receipt is both probable and measurable. These are included in
the Statement of Financial Activities.
Investment Income
Investment income. including associated income tsx recoveries, is recognised when re￿1¥able.
Expenditure
All expenditure is accounted for on an accruals basis and has been da&8ified to the parlicular
activity where the cost relates diredty lo that activty.
Charltable expendlture
This represents expenditure incurred on activibes in furtherance of the charIt￿S objects (which
includes support costs).
Govemance costs
Costs incurred are those relating lo the organisaknon and running of the charity itself and are
included in charitable expenditure.
Flxed assets
Fixed assets are included in the balance sheet at historic cost except for certain buildings noted
above. From 1 April 1993 all plant and equipment purchased with a cost of greater Ihan £2K is
being capitalssed and disclosed within the fixed asset note.
Depreciation is provided eventy on the cost of pLgnt and equipmenl lo write them down to their
estimated residual values over their expected useful econom￿ INes of 5-20 years. Infomialion
Technology equipment bs written down over 4 or 5 years. Fixtures and rrttings are written down
over 10 years.
Buildings are being depreciated over a lrfe of 50 years. Certain improvements lo propertles are
depreciated over their estimated useful INes. ranging from 5 to 20 years.
Taxation
The School is not liable to taXat￿n on the resuKs of tls Charitab￿ actS¥ities as it is a registered
charty.
Inveslments
Investments in subsidiaries ale measured at cost less accumulated impairment.
26

CHEADLE HULME SCHOOL
Report and Flnancial Statements- Year Ended 31 August 2025
NOTES TO THE FINANCIAL STATEMENTS Icontinued
ACCOUNTING POLICIES (CONTD)
Penslons
School staff are members of one oftsyo penston schemes. Texhers, Pension Scheme is a defined
benefit scheme and Independent School's pension scheme still open to members is defined
contribution. There is also a further defined benefft scheme with no active members. More details
of the schemes are given in note 22.
Dellned Benefit Schemes
Teachers, Pension Scheme
Full-time and part-time teaching staff employed under a contr&t of Servi￿ are eligible to
¢onlribute to the Teachers. Pension Scheme (TPS). The TPS, a statutory, contributory, final salary
scheme is administered by Capita Teachers. PensK)ns on behalf of the Department of Education.
As the School is unable lo identify its share of the underlying (nolionall assets and liabilities of the
scheme, Ihe School has taken advantsge ofthe exemption in Financial Reporting Standard {FRS)
102 and has accounled for its contributions lo the scheme as rf il were a defined contribution
scheme. The pension costs for the scheme represent the contributions payable by Ihe SchTh)l in
the year. More details of the schemes are given in note 22.
Defined Contribution Schemes
Inde
endent Sch¢Jols' Penston Scheff
Non-teaching members of staff are offered membership of the Independent Schools. Pension
Scheme (ISPS) Defined Contribution section. The contribution5 paid by the School during the year
are charged to the Statement of Financial Activities.
Non-teaching members of staff appointed priorto 1 September 2013 were el￿￿ble to be mèmbers
of the ISPS fvnded mutti*mployer Defined Benefft scheme. The scheme is closed to new
employees. As the School is unable to tdenttfy tts share of the undertying (notional) assets and
liabiltties of Ihe scheme, the Scht)ol has taken advantage of the exemption in Financial Reporting
Slandard {FRSI 102 and has accounted for its ￿IntrIbUtIonS to the scheme as rf it were a defined
contribution scheme. More details of the schemes are grien in note 22.
If the actuarial valuation of the scheme Teveals a def￿1t, the Directors will agree a recovery plan
to eliminate the deficit over a specified peric¥J. This is held as a liability in the financial statements,
as detailed in note 16.
The pension costs for the scheme represent the contributions payable by the School in the year.
Reserves
The School has a number of restricted income funds to account lor situations where an income
strearn requires that the income must be spent on a particular purpose.
All other lunds are classified as unrestricted fvrKIs.
27

CHEADLE HULME SCHOOL
Report and Financial Statements- Year Ended 31 August 2025
NOTES TO THE FIIIANCIAL STATEMENTS Icontinued
CRITICAL ACCOUNTING JUDGEMEKfs AND KEY SOURCES OF ESTIMATION
UNCERTAINrY
In applying the charilys accJ)unting policies, the Directors are required to make judgements,
estimates and assumptions in determining the carrying amounts of assets and liabilities. The
Directors, judgements, estimates and assumptN)ns are based on the best and most reliable
evidence available at the time when the decisions are made. and are based on historical
experience and other factors that are considered to be appli(3ble. Due to the Inhe￿nI subjeGlivity
involved in making suth judgements. estllnates and assumptions. the actual resuhs and outcomes
may differ.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are recognised in the period in which the estimate is revised. rf the revisTron
affects onty that period. or in the perw)d of the revision and future pertods. rf the revision affects
t￿th current and future Feriods.
Cntical accounting judgements
The critical accounting judgements that Ihe Directors have made in the pr￿$S of app￿ing the
charity's accounting policies that have the most SmJnif￿anI effect on the amounts recognised in
the statutory financial statements are discussed below.
Pension deftit provision
The tharity has an obligation to pay deficit funding (x)ntributions towards th8 mutti-
employer defined benefft pens￿￿ scheme. This provision is dependent on a number of
factors including discount rate. lrfe expectancy and asset valuations. The assumptions
reflect historical experience and current trends.
Key sources of estimation uncertainty
The key assumptions concerning the future, and other key sources of estimotion uncertainty, thal
have a significant risk of causing a material adjustment lo the carrying amounts of assets and
liabiltties within the next finanaal year are discussed below.
Delermining reshjual values and useful economic lives of property. plant and equipment
The charity depreciates tangible assets over their estimated useful lives. The estimation
of the useful INes of assels is based on historic performance as well as expectations
about future use and therefore iequires estimates and assumptions lo be applied by the
Directors. The actual lives of these assets can vary depending on a variety of factors.
including technological innovation. produd life cydes and Maintenan￿ programmes.
Judgement is applied by the Directors when detemiining the residual values for plant,
machinery and equipment. When delermining the residual value. the Directors aim to
assess the amount that the charity woukl currently obtain for the disposal of the asset. rf
it We￿ already of the condition expected at the end of ils usefvl economic lrfe. Vvhere
possible this is done with reference to external markel pr￿.
28

CHEADLE HULME SCHOOL
Report and Flnanclal Statements- Year Ended 31 August 2025
NOTES TO THE FINANCIAL STATEMENTS Icontlnuod
CHARITABLE ACTIVITIES- FEES RECEIVABLE
2026
£'ooo
2024
£'ooo
Fees recelvable conslst of:
School fees
Less: total bufsaries and scholarships
21.935
2,199)
20.397
(1,766)
19,736
18,631
CHARITABLE ACTIVITIES ~ OTHER INCOME
2025
£'ooo
2024
£'ooo
Catering fees
Entran￿ and registration fees
After school and other clubs
Income from CHS Enterprises
Other income
1,163
45
179
147
1.047
50
120
110
81
1,534
1,408
INVESTMEKf INCOME
Total
2025
£'ooo
Total
2024
£'ooo
Bank interest
344
341
344
341
29

CHEADLE HULME SCHOOL
Report and Financial Ststements - Year Ended 31 August 2025
NOTES TO THE FINANCIAL STATEMENTS Iconllnued
GRANTS AND DONATIONS RECEIVABLE
Unrestricted
Funds
Restricted
Funds
£'ooo
Total
2025
£'ooo
Grants received for Bursaries frC￿￿.
CHS Bursary Trust
Hardship fund
Individual donor bursary donattons
Peter Kershaw income
198
37
37
10
74
278
47
325
un￿strICted
Funds
£'O(M)
Restricted
Funds
£'ooo
Totsl
2024
£'ooo
Grants received for Bursaries from:
CHS Bursary Trust
Biology legacy
Individual donor bursary donatKJns
Peter Kershaw income
183
183
332
74
332
74
263
332
595

CHEADLE HULME SCHOOL
Report and Financial Statements- Year Ended 31 August 2025
NOTES TO THE FINANCIAL STATEMENTS Icontlnued
ANALYSIS OF TOTAL EXPENDITURE
Staff
Costs
£'ooo
2025
Total
£'ooo
Other
£'ooo
Charttable expenditure
15,769
5,632
21.401
Staff
Costs
£'ooo
2024
Total
£'ooo
Other
£'ooo
Charitable expenditUTe
14,500
5.561
20,061
Total expenditure are stated after tharging:
2025
£'ooo
2024
£'ooo
Depreciation
Auditor's remuneration - audit
- no￿audit (other assurance services)
1,016
19
15
31

CHEADLE HULIAE SCHOOL
Report and Financial Statements - Year Ended 31 August 2025
NOTES TO THE FINANCIAL STATEMENTS Icontlnued
STAFF COSTS
2025
£'ooo
2024
£'ooo
Staff costs were as folbws'.-
Salaries
Social security (xjsts
Pension costs
Private medical insurance
11.006
1.274
3,441
48
11.108
1.121
2,184
87
15,769
14.500
Included within wages are le￿InatIon and voluntary severance payments of £24k (2023-24:
£130k). The average number of employees in the year analysed by function was:_
2025
No
2024
No
Teachers
Fund raising and publicity
Managemenl and administration
175
177
145
137
327
320
32

CHEADLE HULME SCHOOL
Report and Financial Statements - Year Ended 31 August 2025
NOTES TO THE FINANCIAL STATEMENTS Icontinued
STAFF COSTS {CONTD)
The following analysis shows the number of higher paid staff in the following ranges.
Emoluments include salary, taxable beneffts in kind and other payments to employees.
2025
No
20
2024
£60.000 to £69.999
£70,000 to £79,999
£80,000 to £89,999
£90,000 to £99,999
£100,000 to £109,999
£110,000 to £119.999
£120,000 trj £129,999
£130.000 to £139.999
£140,000 10 £149,999
£150.000 to £159.999
£160,000 to £169.99g
£170,000 10 £179.999
17
Retlfement benefrts under defined benefft and defined contribution schemes are accruing foi Ihe
above staff.
No Direclor received any remuneration during the pertod.
No (2023-24.. One) directors re￿IVed reimbursed expenses and expenses paid directty to thlrd
parties of £nil (2023-24: £39) during the period.
The key management personnel of the charity comprise the Directors, the Head, three Deputy
Heads, the Director of Finan￿. the Director of Operations, the Senior Deputy Head. the Head of
Junior School and the Director of Admissions and External Relations. The total employee benefrts
of the key management personnel of the Charty were £1.2m {2023-24'. £1.3m). The reason for
the decrease in costs is because there has been a reduction in the amount of temporary roles
compared to last year. As a result. the Directors have determined these costs are more indicalive
of a normal year than last year.
33

CHEADLE HULME SCHOOL
Report and Flnanclal Statements - Year Ended 31 August 2025
NOTES TO THE FINANCIAL STATEMENTS Icontlnued
10. TANGIBLE FIXED ASSETS
Freehold
Land and
Buildings
£'ooo
Plant and
Equipment
£'ooo
Total
£'ooo
Cost or valuation
At 31 August 2024
Additions
Reduction in value as a resuY( of VAT
reclaims
29,108
1.210
(723)
2,932
371
{103)
32,040
1,581
(8261
At 31 August 2025
29.595
3.200
32.795
Depreciation
At 31 August 2024
Charged in year
9,308
695
1,537
321
10,845
1.016
At 31 August 2025
10.003
1,858
Net book value
At 31 August 2025
19.592
At 31 August 2024
19.800
1,395
Fixed assets are included in the balance sheet at the fo1kx￿ng values'.-
Land
- at historic cost
Buildin9S
- at 1939 valuation with Subsequent additKJns at cost
Equipment
As records are not availab￿ back to 1939 and as a iesult of the passage of time, the 1939
valuation used for buildings is deemed to be cost for the purpose of FRS 102.
The redudion in asset value recorded during the year represents an adjuslment to the cost
arising from VAT that Was previously non-re(J)verable bul became recoverable within the
reporting period.
All Ihe tangible fixed assets are used for dired tharttable purposes.
A5 at 31 August 2025. the School had capital wmmitrnents of £nil12024." £27k}. Last year5 capital
cornmttmenls were in relation lo playground works. with works that commenced during the 24125
financial period.

CHEADLE HULME SCHOOL
Report and Flnanclal Ststements - Year Ended 31 August 2025
NOTES TO THE FINANCIAL STATEMENTS Icontlnued
11.
Il+lVESTMENTS
Historic cost as at 31 August 2024 and 2025
The above investment represents 1000/0 of the issued ordinary share capital of Cheadle Hulme
School Enlerprises Limited. The regISte￿d Offi￿ of Cheadle Hulme School Enterprises Limited
is Claremont Road. Cheadle Hulme. Chead￿, Cheshire SK8 6EF. The principal aclivity being the
lettings of the school premises. As at 31 August 2025, its reserves stood at £161.962 (202&24 -
£183,893) and tts profit for the year was £161,962 {202&24- £183.893).
12.
DEBTORS
2025
£'ooo
2024
£'ooo
School debtors
Prepayments and a¢￿￿ed incon
Amounts owed by associated undertakings
Cheadle Hulme School Bursary Trust Fund
Other debtors
46
370
185
61
351
101
290
64
867
Included within other debtors is net recoverable VAT from HMRC of £801 k (2024.. £nil). This
amunt includes a £531k adjustment to the net tKiok value (NBV) of fixed assets arising from
VAT that is now recoverable over the next 8 years under the ru￿$ of the Capital Goods Scheme.
£270k relale5 to VAT due from HMRC on purchases made during the period and is recoverable
in less than one year.
13.
CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR
2025
£'ooo
2024
£'ooo
Bank loans (note 15)
1.550
200
1.550
1.550
Trade ueditors
School fees in advance (note 17)
Other taxation and Social Security
Other creditors
Accruals
Sundry School pupils, accounts
Cheadle Hulme School Bursary Trust Fund
Pension deficit provision (note 16)
obl￿allOnS under finance leases
827
2,639
293
247
365
671
3,213
255
267
349
216
107
5,152
5,343
35

CHEADLE HULME SCHOOL
Report and Flnanclal Statements - Year Ended 31 August 2025
NOTES TO THE FINANCIAL STATEMENTS Icontlnued
14.
CREDITORS: AMOUNTS FALUNG DUE AFTER MORE THAN ONE YEAR
2025
£'ooo
2024
£'ooo
Bank loans - secured (note 151
School fees paid in advan￿ (note ln
Pension deficit Provision (note 16)
Obligations under finance leases
1,550
1.763
651
133
1.006
1.432
37
2.475
4,097
There are two loans, one is a variable loan of £1 m payable at 1.7°A above SONIA and the
second is £2m at a fixed rale of 3.510/0 Both loans are repayable quartedy in equal instalments
until 2026 and then a lump sum payment of £1.45m.
All loans are secured by a charge over the land and bu1h1￿g5 of the Schwl.
15.
CREDITORS: LOANS
Loans are repayable as foll¢)W5"
2025
£'ooo
2024
£'ooo
In one year or less
Be￿een one and hvo years
Beiween I￿0 and fNe years
1.550
200
200
1.350

CHEADLE HULME SCHOOL
Report and Financial Statements- Year Ended 31 AUg￿t 2025
NOTES TO THE FINANCIAL STATEMENTS Icontlnued
16.
CREDITORS: PENSION DEFIC￿ PROVISION
Included within Creditors due within one year and more than one year is a multFwemployer defined
benefit pension scheme deficit and the estimated employer debt. Following the valuation of the
scheme as at 30 September 2017. the contributions payab￿ by the emph)yer have been
communicaled relating to recovery of the defiat over the 13 years to 31 August 2029. As of the
balance sheel date the estimated discounted employer defictt is detailed below.
2025
£'ooo
2024
£'ooo
Pension deficf( provision as at 1 September 2024
Def￿1t contrFbutions paid
Remeasurement of defined benefrt pension
758
(109)
999
815
(107)
50
Pensron de￿it Provision as at 31 August 2025
758
Less.. amount due within one year
216
107
1,432
651
17.
CREDITORS: DEFERRED INCOME
2025
£'ooo
Al 1 Seplember 2024
Re￿iVed during the year
Less deposits refunded during the year
Released tr) income for the year
Al 31 August 2025
4,976
1.325
(60)
(2,596)
3,645
Deferred income represents school fees paid in advance 8nd fee deposits repayable upon pupils
leaving the School. Deferred income due to be recognised within one year totalled £2.639k and
deferred incnme due lo be recognised in more than one year lotalled £1,006k.
18.
FINANCIAL INSTRUMENTS
2025
£000
2024
£000
Financial assets measured at amrtised cost (a)
Financial liabilities measured at amortised cost (b)
7,619
4.361
2,866
la)
Ib)
Financial assels include cash, trade and fee debtors and other debtors
Finanual liabilities indude deposrts. trade credrtors. other creditors and obligations under
finance leases.
37

CHEADLE HULME SCHOOL
Report and Financial Statements- Year Ended 31 August 2025
NOTES TO THE FINANCIAL STATEMENTS Icontinued
19.
RESTRICTED FUNDS
Balance 1
September 2024
£'ooo
Balance 31
Income Expendlture August 2025
£'ooo
£'ooo
£'ooo
Hardship fund
Biology legacy
MUS￿ and Languages
Fund
Specific studerrt funds
47
37
(12)
(4)
72
332
328
10
10
(5)
15
390
47
21
416
These Teslricted funds relate to funds receNed by the School for use for the purposes stipulated
by the donor.
Hardship fund was ueated to provide financial supp(fft to famil￿ struggling due lo the Coronavirus
pandemic.
Specific Student funds were donations made by individual donors for spe(ar￿ students.
Balance 1
September 2023
£'ooo
Balance 31
Income Expenditure August 2024
£'ooo
£'ooo
£'ooo
Hardship fund
Biology legacy
Music and Languages
Fund
Specific student funds
69
(22)
47
332
332
10
10
80
332
22
390
38

CHEADLE HULME SCHOOL
Report and Flnanclal Ststements - Year Ended 31 August 2025
NOTES TO THE FINANCIAL STATEMENTS Icontinued
20.
UNRESTRICTED FUNDS
Balan¢e 1
September 2024
£'ooo
Balance 31
Income Expenditure August 2025
£'ooo
£'ooo
£'ooo
General
19.590
21,892
21,380
20,102
19.590
21,892
21,380
20,102
There has been no transfers between unrestricted and restricted funds in the period.
Balance 1
September 2023
£'ooo
Balance 31
Income Expenditure August 2024
£'ooo
£'ooo
£'ooo
General
18,986
20,643
20,039
19,590
18,986
20,643
20.039
21.
ANALYSIS OF NET ASSETS BEfwEEN FUNDS
2028
Tanglble
Fixed
Assets
£'ooo
Net Current
Assetsl
(Llabilltles)
£'ooo
416
Long-Temi
liabllitles
£'ooo
2025
Total
£'ooo
416
Restrictsd Funds
Unrestrfcted Funds
20.934
1,643
2.475
20,102
20.934
2,059
2.475
20518
2024
Tangible
Fixed
Assets
£'ooo
Net Current
Assetsl
(Llabllitles)
£'ooo
390
Long-Temi
liabillties
£'ooo
2024
Total
£'ooo
390
Restrlcted Funds
Unrestrlcted Funds
21.195
2,492
4,097
19.590
21.195
2,882
4,097
19.980
39

CHEADLE HULME SCHOOL
Report and Flnanclal Stalements- Year Ended 31 August 2025
NOTES TO THE FINANCIAL STATEMENTS Icontinued
22.
PENSIONS
Teachers. Pension Scheme
The School participales in the Teachers. Pension Scheme (Ihe TPS'} for tts teaching staff. The
pension charge for Ihe year includes Ixintributions payable to the TPS of £2,147k12023-24.'
£1,971 k) and at the year-end £266k (2023-24= £231 k) was accrued in respect of contributions to
this scheme.
The TPS Is an unfunded multFempbyer defined beneffts penS￿n scheme govemed by The
Teachers. Pens￿)nS Regulations 2010 las amended) and The Teachers. PensKJn Scheme
Regulations 2014 (as amended). Members contribLrte on a "pay as you go" basis with
contributions from members and the employer being credited to the Exchequer. Retirement and
other pension beneffts are pabj by public fijnds provided by Padtament.
The employer contribution rate is set by the Secretsry of State folk)wing scheme valuations
undertaken by the Govemment Acluary's Departmenl. The most recent actuarial valuation of the
TPS was prepaTed as at 31 March 2020 and the Valuation Report was published in October 2023.
Following the Mccloud judgemenl, the remedy proposed that when benefits become payable,
eligible members can select to receive them from either the reformed or legacy schemes for the
period 1 April 2015 10 31 March 2022. The actuaries have assumed that members are likely to
choose the option that provides them with Ihe greater benefrts. and in preparing the 2020 valuation
have valued the 'greater value. benefrts for groups of re￿vant members.
The valuation confimied that Ihe employer contribution rale for the TPS have increased from
23.6tr/0 to 28.6% from 1 April 2024. Employers are 8150 required to pay a scheme administration
levy of 0.08% giving a total empk)yer contribution rate of 28.68%.
Independent Schools, Pension Scheme
Cheadle Hulme School participales in The Independenl Schools. Pension Scheme {'the Scheme'l
which has a mutti-employer defined benefit scheme section and a defined contribution section.
The Scheme is contracted-out of the State scheme. Wrth effect from 1 November 2016 all
members of the Independent School, Pension Scheme T￿)Ved from Ihe Defined Benefrt section
to the Defined Contribution section.
As at the balance sheet dale there were no actr4e members of the Defined Benefit Scheme
employe(1 by Cheadle Hulme sch￿1(2023-24. no actNe members). There were 102 (2023-24..
1271 members of the Defined Contrit￿tion Scheme.
During the accounting period ended 31 August 2025 Cheadle Hulme School paid employers
contributions of 10% and 0.6% for lrfe cover in respect of the Defined Contribution Scheme.
The scheme is a mu￿1￿MplOyer scheme which provides benefits to some 51 non•associaled
employers. The scheme is a defined benefft scheme in the UK. 11 is not possible for the company
lo obtain sufficient infomiation lo enable it to accountfor the scheme as a defined benefrt scheme.
Therefore. tt accounts for the scheme as a defined contribution scheme.
40

CHEADLE HULME SCHOOL
Report and Flnanclal Statements - Year Ended 31 August 2026
NOTES TO THE FINANCIAL STATEMENTS Icontlnued
22.
PENSIONS Icontlnued)
The scheme is daSSiF￿ as a 'last-man stand￿g arrangemenv. Therefore. the company is
potenlially liable for other partI￿pating emph)yers' obligations rf those employers are unable to
meet their share of the scheme deficit following bwthdrawal from the scheme. Participating
employers are legalty required to meet their share of the scheme deficit on an annuity purchase
basis on withdrawal from the scheme.
A full actuarial valuation for the scheme was carrEd out wilh an effeclive date of 30 September
2023. This &tuarial valuation was certified on 110ecember 2024 and showed assets of £99.2m,
liabilities of £151.5m and a def5at of £52.3m. To eliminate this funding shortfall, the trustees and
the participating employers have agreed that additional contributions will be paid, in cnmbination
from all employers, to the scheme as follows:
Deficlt ¢ontrlbutlon$
From 1 Seplember 2025 to 31
January 2034..
£6.000.000 per annum
(payable monthly and in(xeasing by 3% on each 1
September)
The Trustee asked the participating empk)yers to pay addilional ￿)ntributIonS to the scheme as
follows..
Deflclt contributions
From 1 September 2022 to 30 June
2032=
£2.687.000 per annum
(payable monthty and increasing by on each 1st
Seplember)
The recovery plan contributions are allocated to each participating employer in line with their
estimated share of the scheme liabilities.
Where the scheme is in deficit and where the company has agre￿ to a deficit funding
arrangement the cornpany ￿cognISeS a liabilty for this obligalion. The amount recognised is the
et present value of the def￿11 reduction contributions payable under the agreement that relates
to the deficit. The present value is calculated using the discount rate detailed in these disclosures.
The unwinding of the discount rate is recognised as a finance ￿sl
The Growth Plan
Cheadle Hulme School also participates in The Growth Ptan which is a multi-employer scheme.
The scheme is a multi-employef scherne which provides benefrts to some 521 non-associated
participating employers. The scheme is a defined benefft Scheme in the UK. It is not possible for
the company to obtain SUffi￿ent information to enab￿ tt to acLount for the scheme as a defined
benefrt scheme. Therefore it accounts for the scheme as a defined contribution scheme.
The scheme is class¢f￿d as a 'last-man standing arrangemenf. Therefore the company is
potentially liable for other participating employers. obligations rf those employers are unable to
meet their share of the scheme deficit following wtlhdrawal from the scheme. Participating
employers are legally required lo meet their share of the scheme deficit on an annuty purchase
basis on withdrawal from Ihe scheme.
41

CHEADLE HULME SCHOOL
Report and Flnanclal Statoments - Year Ended 31 August 2025
NOTES TO THE FINANCIAL STATEMENTS Icontlnued
22.
PENSIONS (continuedl
A full actuarial valuation for the scheme was carried oui at 30 September 2023. This valualion
showed assets of £514.9m, liabililies of £531.Om and a deficit of £16.1 m. To eliminate this funding
shortfall. the Trustee has asked the parbcipating employers to pay additional contributions to Ihe
scheme as folloyts:
Defl¢lt ¢ontrlbutlons
From 1 April 2025 to 31 March 2028..
£2.100,01)O per annum
(payable monthly)
Unless a Concession has been agreed with the Trustee the tetm to 31 March 2028 applies.
The TTUStee asked the participating empk)yers to pay addIt￿n31 contributKins to the scheme as follows..
Deficit contrlbutions
From 1 April 2022 to 31 January 2025=
£3.312.CKIo per annum
Ipayabie monthty)
The recovery plan contribultons are allocated to each participating employer in line wtth their
estimated Sha￿ of the Series 1 and Series 2 scheme liabilities.
Where the scheme is in deficit and where the comparry has agreed to a deficit funding
arrangement the company recognises a liability for this oblKJation. The amount recognised is the
nel present value of the deficit reduction contributions payable under Ihe agreement that relates
to the deficit. The present value is calculated using the discount rate deLqiW in these disclosures.
The unwinding of the discount rate is recognised as a finan￿ cost.
23.
POST BALANCE SHEET EVENTS
On 1S1 Oclober 2025, the Company established a new defined contribution pension scheme with
APTIS for those members of teaching stsff who choose to move from The TPS (The Teachers
Pension Scheme). As this event ¢xcuThed after Ihe reporting date. no adjustments have been
made to the financial statements for the year ended 31 August 2025.
24.
RELATED PARTY TRANSACTIONS
Induded within creditors within one year is an aff￿unt of £6.940 (2023-24: £289,537 included in
debtors within one year) held by Cheadle Hulme School on behalf of Cheadte Hulme School
Bursary Trust (formerty known as the 150th Anniversary Bursary Trust). Dr D N Riley. Mr S
Abraham and Ms B Walmsley are trustees of chead￿ Hulme School Bursary Trust. During the
year. Cheadle Hulme School Bursary Trust granted bu￿ary money to Cheadle Hulme School
amounting lo £241,500 (2023-24= £183.000).
Included within debtors within one year is an amount of £184,954 (202>24.. £101,398) held by
Cheadle Hulme School Enterprises Ltd on behalf of Cheadle Hulme School. During the year,
Cheadle Hulme School Enlerprises Ltd paKI Cheadle Hulme School £51.296 in respect of staff
salaries and £21.000 in respect of management charges (202&24.' £46,359).
A number of directors al the Sch¢Jol have chiklren enrolled at the school during the year. The
children attend the school on the same te￿S as the other pupils.
42

CHEADLE HULME SCHOOL
Report and Flnanclal Statements - Year Ended 31 August 2025
NOTES TO THE FINANCIAL STATEMENTS Icontlnued
25.
OPERATING LEASE COMMITMEKrs
Al 31 August 2025 the Schwl had no annual commrtment5 under non-call￿118ble
operating leases.
43

CHEADLE HULME SCHOOL
Report and Financlal Statements - Year Ended 31 August 2025
NOTES TO THE FINANCIAL STATEMENTS Icontinued
26.
PRIOR YEAR STATEMENT OF FINANCIAL AcTI￿lEs
Unrestricted
Funds
Restricted
Funds
Total
2024
Note
INCOME
£'ooo
£'ooo
£'ooo
Income from".
Donations and lega￿eS
263
332
595
Inveslmenls
341
Ancillary trading income
Charitable activilÉes
1.408
1,408
Total Income
32
EXPENDITURE
Charitable activities
Total Expenditure
22
Net School Income forthe year
before transfers
310
914
Transfers befv￿en funds
19
Nel movement in funds
604
310
914
Total funds broughl foTward
Tolal funds carried fO￿ard
21
390

**CHEADLE HULME SCHOOL 2025 Report and Financial Statements - Year Ended 31 August** 

## **Cheadle Hulme School Report and Financial** 

## **Statements** 

**Year ended 31 August 2025** 


Cheadle Hulme School 

**Registered Charity No. 1077017** 

Company No. 03823129 



CONTENTS . Annual Report of the Directors
Page
Section A Key Information
Legal and Admintstrative Infomiation
Objectives, Construct and Aims
Structure, Governance and Management
Principal Risks
Section B Financial RevievJ
Statement of Financial Activities
Balance Sheet
Statement of Cash Flows
ReseTves, Investment Policy and Financial Factors
statement of Directors Reswnsibilities
8-9
1￿12
Annex A- Eneigy Data
13
Annex B - The School"s Strategic and Operalional Plans
14
Annex C - Fuiplogmenl. Coniinunicalion and Training
15-16
Independent Audltovs Report
17-20
Statement of Financial Aclivities
21
Balance Sheel
22
ststement of Cash Flows
23-24
Notes to the Flnanclal Statements
2544

CHEADLE HULME SCHOOL
Report and Financlal Statements- Year Ended 31 August 2025
SECTION A - KEY INFORMATION
DIRECTORS, OFFICERS AND ADVISORS
The Cheadle Hulme Scht)ol (CHS) Govemors are the Chafty trustees and Company
Directors of the Charlty and Company. 'Cheadle Hulme School.. They have served in offi
throughout the year, except where indicated.
All Directors give their time freety and no travel expenses were paid to members in the year.
No Director or peT50n connected vthh a Director received any benefft from means-lested
bursaries.
During the year, the activities of the Governing Bc#Jy were canTed out through 5 Sub
Committees plus Governor inVo￿ement in 1 Working Group (Estates & Environment). The
membership of these Sub Committees is shown ￿knw.
Name
Appolntment
Ireslgnatlon
In year
(1)
(2)
13)
Mr S Abraham
Mrs J E Birkett
Mr M Bolingbroke #
Mrs N Matlow
2214r2025
MrROman#
Mr D N Riley
Mr C Roberts-
Mrs C Thomson #
Mr M G Tyley
i Ms B Walmsley
l Mr G Wrighl
(1) Education & Pupil Progress Committee
{21 Risk Committee
13) Finance & Resources Committee
(4) Safeguarding & Pupil Experience Committee
{5) Nominations Committee
# Directors who were the parents of a pupil at the Sthool during the year
- Member of the Estales and Environment Working Group

CHEADLE HULME SCHOOL
Report and Flnanclal Statements- Year Ended 31 August 2025
OFFICERS
Mr L R￿hardsOn
Head
Miss C Smith {From 313r25)
Director of Finance
Mrs L Quinn Matthews (until 213125)
Sentor Finance Manager
Auditor:
Crowe U.K. LLP
Chartered A¢countants, member of Crowe Global
3rd floor. St George's House
56 Peter Street
Manchester
M2 3NQ
8ankers'.
Santander UK plc
4 St Pauls Square
LNerpool
L3 9SJ
Bardays Bank PLC
P.0. Box 357
51 Mosley Street
Manchester
M2 3HQ
Website..
wvM.cheadlehulmeschool.co.uk

CHEADLE HULME SCHOOL
Report and Flnanclal Ststements- Year Ended 31 August 2025
REFERENCE AND ADMINISTRATIVE INFORMATION
Cheadle Hulme School is a company limited by guarantee with no share capital and is a
registered charity under the auspices of the Charity Commission.
School Address=
Claremont Road
Cheadle Hulme
Chead
Cheshire
SK8 6EF
Company No: 03823129
Charity No: 1077017
Taxation
As an educational charity. the School is eligible for a corwration lax exemption on its educational
activitie5 and investment income, pyovided Ihese are applied tr) the School's charitsble aims.
The School registered for VAT in November 2024 ahead of the govemment introduction of VAT on
educatR)n from 1 January 2025.

CHEADLE HULME SCHOOL
Report and Flnan¢lal Statements- Year Ended 31 August 2025
OBJECTIVES, CONSTRUCT AND AIMS
Cheadle Hulme School was founded irt 1855. It has been situated on its present site. now
occupying about 80 acres of ground, since 1869. The purpose of the School, at tts toundalion,
was to educate. maintain and clothe Orphans and Ne￿$[lOuS Children of Warehousemen and
Clerks in the Manchester area Iwaconians. or WACs}. The founders declared that the School
should be established and ￿ndUCted on the liberal principles. The broad wishes of the
founders are maintsined to this day and. as a consequersce. the School has a distinct, inclusive
and friendw atmosphere.. Academic. Active and Altiuistic.
Cheadle Hulme School ts a co-educational day school for 3 to 18 year-olds, th* believes in the
intellectual, personal and soual value of pupils learning alongside one another in preparation for
Ihe realities of the adult wodd. The School aims lo provide a balanced approach to academic and
co-curricular excellence. blended with a pro4rtive and inclusive pastoral tradition, wh￿h leads ils
pupils to engage in positive roles in their communities and beyond.
The School buikls upon its rnotto of loco parenlis by providing the highest levels and quality of
pastoral ¢are. Teachers and other staff are committed to supporting the V￿lIbeIng of every pupll.
Leadership. teamwork. personal reswnsibilty and resilience are important elements of the
pastoral education the pupils ieceive.
The School continues to value its heTttage by endeavouting to support pupils whose famity
incomes viould otherwise prevent them from accessing and benefftting from the education on
offer.. the School's Financial As&slance Scheme also SUPFQrts the School in improving a more
diverse social and ethnic mix of pupils.
The School's Mission. Vision and Values are containgl atAnnex B.
Detailed information about delivery of these objectives can be found in the Cheadle Hulme
School Impact Report 2024-25 with more information about School Performance, School
Activity, Pastor31 Care, and Environfflental Activity.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Dociiments
The School is govemed by its Articles of Association. upjated and approved by the Board of
Directors on 27 April 2022 and accepted by both the Charities Commission and Companies
House.
Governing Body
The Board of Direciors (the Board} is a self-appointing body comprising up to fourteen Directors.
The term ofoffice lor each Director is renewab￿ by approval ofthe Board after a specified period,
usually of either Iwo or three years.
Recruitment and Training of Directors
An 'as required. Nominations Comrntttee monitors the comFW)Stlion of the Board and makes
recommendations to ensure the Board comprises members with a Whle range of skills and
experience. The Board seeks to ensure that at least two of the Directors are current parents of
pupils attending the School. While there is no specffic requirement for fomier pupils {Old
Waconiansl lo be on the Board. there is a long htstory of this which continues to be the case.

CHEADLE HULME SCHOOL
Report and Flnanclal Statements - Year Ended 31 August 2025
Directors (known as Govemors) are recruited based on their skills. experience and competence.
They must have a passion for the work of the School and a broad understanding of edUcat￿n in
terms of its positive impact on personal growth. Currertt Board members have experience in the
following areas=
Education
Senior BusinessEntrepreneurship
Property Development
Medical
• HR
Financellnveslment
Technokgy
Legal
As a co-educational S¢hool. the Board indudes an appropriate balance of male and female
Directors. New Directors have a bespoke Inductic￿ organised for them. to include meetings
with the Chair, Head, Director of Operations arbd Director of Finance and other key
personnel, to develop understanding of how the sChc￿l functions. ils key policies and
procedures and their roles and responsibilit￿s.
Ensuring Good Governance
The Board is committed lo the principles of good and ethical g0veman￿. The Board uses
its sub-committee slructure, (table on page 1), to Objective￿ scrutinise different elements of
the School's progress and performan￿. The Board ￿rrIeS out periodic skills and
effectiveness reviews of its own constrwl. Board members are aware oftheir responsibilities
to ensure compliance with statuiory and other guidan￿ relevant to its ststus including as a
provider of educalion. a charFty, a company. and as an empbyer.
The School has clear procedures for risk managem8nl. anti-fraud. briberylcorruption.
procurement, gifting, behawours, declarations of interest. complaints and whistleblowing. Its
policies are subject to dated review. overseen by Board member5.
Directors are r8quir8d to confimi that they understand their safeguarding obligatK>ns, key
policies and expectations. arKI svJn the."
AcceptabEe IT Use Agreemerrt Fomi
Code of Conduct and Expectations for Go¥emors
Declaration of Interests Fomi
Declaration of Offences Forni
Fit and Proper Person DedaratK)n Fom)
Directors are also exFECted to obsep4e aspects of Sch￿1 life on a periodic basis during
normal School days, to ￿dUde monitoring how P￿￿1e5 and procedures are imptremented.
Organisational Management
Board member5 a￿ bolh Direc#ors and Charity Trustees, and are legally responsible for the
overall performance and control of the Sch¢J)l (Junior and Senior). The Board meets al least
four times per year and holds Strategy Days with the Senior Leadership Team as
appropriate.
The Head. Head of Junior SchcM)l. Senior Deputy Head, the Director of Operations, and
Director of Finance attend all Board meetings. Other members of SLT and stsff attend by
invitation.

CHEADLE HULME SCHOOL
Report and Flnanclal Statsments- Year Ended 31 August 2025
All Board sulFcommittees are chaired by a Govemor and include a further 1-3 Governors.
They typically meet lemty, with out-of-committee circulation to maintain pa￿ on pressing
matters. Each sut>committee also includes key senior staff ￿￿rnberS and other
representatives as appropriate. The Goveming Board reviews its sub-commtttees
periodically to ensure they are confyured to ￿ndUct key business and support the School
in its strategic aims.
The Head is responsible for overseeing all aspects of the day-t¢>day running of the School.
The Director of Finance and their team manage fin8nck41, infomation technology and
governance matters. The Director of Operations manages infrastructure. site operations,
and human resources. The Head is supported by the Senior Leadership Team (SLT) (image
below). The SLT has authority and day-to-day resp)nsibility for pFanning, directing and
¢onlrolling the operational and educational actÈvities of the charity.
Senior Leadership Team:
The protocol for setting remuneration for the Senior Leadership Team is:
The Chair of the Board, logelher wilh Iwo other members of the Board. induding
the Deputy Chair. agree the Head's remuneration.
The Chair of the Board and the Head agree the remuneration for the
Direclor of Finance and Director of Operations.
The Head, working with the Chair of the Board. Director of Finance and Director
of Operations. sets the remuneration for the remaining members of SLT.
G roup Structure and Relationships
Cheadle Hulme Sch￿1 incorporates both the Junior and Senior School. It has one wholty
owned subsidiary. Cheadle Hulme School Enterprises Ltd (CHSE), established on 14 May
2013, to manage the School's lettings activities. Consolidaled Finan¢ial Statements have
not been prepared on the grounds that the subsidiary is not material.
The School has an ongoing relationship with the Cheadte Hulme Schojl Bursary Trust. The
School's External Relations team raises funds for bufsafies Ihal are invested and managed
by the CHS Bursary Trust using a prOfeSs￿nal advisor. Total funds within the Trust amount

CHEADLE HULME SCHOOL
Report and Flnanclal Ststements- Year Ended 31 August 2025
to approximately £5.7m. The Chair of the Trust is also a School Governor. Two other
Trustees are also Govemors of the School. However. the Trust is an independent charity
with its own art￿leS and objectives.. 'to appty the trust funds to pay all or any part of the fees
and related costs payable in respect of deseNing boys and girls who are being educated or
wish to be educated at Cheadle Hulme School in particular but not exclusive￿ lo indude
school unrforms. sch(K)I lunches. personal educatK)nal equipment, school trips and transport
to enable the pupils to attend Cheadle Hulme School..
Old Waconians. All fomier pupils and staff are cL)nsidered to be Old Waconians.
Parents, Association. The CHS Parents. Association is a separate organisalion, consisting
ofvolunteer parents who a￿ange events in coordination wf(h. for and on behalf ofthe School
to raise funds to provwje addttional eXperien￿S. equipment or support for non-core
activittes.
More detatl about the v40rk of the Cheadle Hulme School Bursary Trust and the Parents
Association can be found in the 2024-25 Cheadle Hulme School Impact Report.
PRINCIPAL RISKS
Risk Management
The Board, assisted by the SLT, has examined and documenled the major risks that the
School faces. The School's Risk Register is tx)mpiled in accordance with the Charity
Commission's "Charilies & Risk Management" framewofk and is consistent with the
Commission's Slalement of Recommended Pra&ice (SORP) (FRS 102).
The Sohool actively manages its key risks and has developed systems including a rolling
'deep dive. review, to minimise likelihood of harm to individuals or their families. redu
operational impact, and reduce financial or reputath)nal impact lo the School. The key
accumulated risks are.. financial shock. complian￿. safeguarding. cyber. fire, sportslgames
injury, travel, trips, lone-working and estates management. Changes (or predicted changes)
to tax. pension cost increases. INing wage rise. commoditylulilrty costs. inflation. workfor￿.
and environmental obligations are all within sight of the Board.
Directors review the key risks. Com￿lance and mrtigating actions on a regular basis via the
sub-committees, in direct discussion with key staff andlor via a dedtcated Risk Committee.
The School's finances remain under very careful review.
The strategies for managing and mthgating these key risks included:
Continuing to refine and devek)p risk assessment and Critical incident processes
in line with changing corrtext and government guidance.
Educaling and Iraining staff in risk management
Continuous horizon scanning to ensure Directors and the SLT are aware Of
national and l¢xal government thinking and policy. and taking action accordingW-
Understsnding the impact ol intemational activities e.g. conflicl, recession.
Being aware of locavnational changes in the education sector. considering the
impact on the School and taking appropriate actton.
Monitoring and devebping the Schoofs admissions prcKess.
Continuing to prepare and review the annual budget, financial projections and
S￿nario plans, to include changes in fees and remuneration.

CHEADLE HULME SCHOOL
Report and Flnancial Statements - Year Ended 31 August 2025
Continuing to ensure that the Risk Commtttee will foujs on risks and compliance
across the SchLNJI. to maintatn a full oversight. ensure Coheren￿ and promote
standardisalion of practti.
SECTION B.. FINANCIAL
Statement of Financial Activities
The School aims to make an annual surplus on its unrestricted funds. before depreciation.
of 1 00￿ of income. in line with the ktest guidance from the Independent Schools Bursars,
Association. A surplus of this level means the School can generate sufficient cash reserves
to ensure tt has an appropriate level of resources to maintain and enhance School facilities,
and have sufficient working capital. This year, the School has not mel the target of 10%. but
achieved a surplus on its unrestricted funds, before depreciation and transfers. of £1.53m
(2023-24.. £1.59m). This represents 70/0 of income (2023-24. 8¥¢1. After depreciation, the
Retained Surplus for the Year on unrestricted funds amounted lo £0.5m (202>24". £0.6m).
The reduction in surplus for the year was agreed by the Board to mitigate the effect of the
introduction of VAT on school fees ak)ng wtth continued macro-economic pressures, most
notably pension cost inflation pressures. transport. maintenance and m*erials cosls
affecting all areas of school activity. Fees continue to be the main source of funding,
representing 91.10 of tolal unrestricted income. Schc4)I catering accounts for approximate
5tyA and indivtdual donations forfinancial assistance represent over1 /0. In(x)me from lettings
to community groups and other third parties i.e_. CHSE. ¢s less than 1%. Bank interest was
eamed in the period, representing less than 2%.
Balance Sheet
The School's Net Assets have increased by £0.54m.
Tangible Fixed Assets are £20.gm net of depreciation (2023-24". £21.2m). The School
undertook an extension and refvrbishment ofthe JunK)r School during the summer months
lo enhance lacililies for students and ￿ate an exlra class room to acca)mmodate an
addtiional Year 5 class. Cash at Bank and in hand has decreased to £7.3m {2024-25.' £7.6m)
and Creditors falling due wrthin one year have increased to £6.7m 12024-25= £5.6m),
primarity reflecting the repayment of the fac41ity due in April 2026.
Overall, net current assets have decreased to £2.1m. (2023-24.. £2.9m).
Creditors.. Amounts falling due after more than one year have decreased to £2.5m {2023-
24.. £4.1 m) reflerting the loan movements and the rekase of fees in advance paid for more
than one year.
The School has drawn bank loans totalling £1.6m.
The School's pension liabilities are summarised in note 22 in the accounts.
Statement of Cash Flows
The Nel Decrease in Cash for the year was £0.2m12023-24'. Net Increase was £3.5m), due
lo ￿CeIpt of fees in advance in the prior year.
Reserves
Total reserves amounted to £20.5m at 31 August 2025 (2023-24.. £20.Om). of which £416k
{2023-24'. £390kl is restricted.

CHEADLE HULME SCHOOL
Report and Financial Statements - Year Ended 31 August 2025
The School has free reserves of £0.8m (202>24: £0.8m free reserv851. This is ¢akulated
by laking unrestricted reseNes of £20.1 m deducting Tangib￿ Fixed Assets of £20.gm and
adding back Loans of £1.6m.
The School ensures it has suff￿4e￿I cash balances to cover tts day-tTrday operations. Bank
borrowings are Careful￿ rnonitored.
Investment policy and objectTves
The School does not hold any long-tenn inveslments. Surplus cash ts held in instant access
bank accounts with the best interest rate avaiLable. Directors periodically review the banks
Used by the School. However. there are no restrictions on the School's power lo invest.
Financial Factors
To ensure the Schc(sl continues to have financial stabilty and the resources necessary to
provide the high standard of education facilty and slaff that parents and pupils expect now
and in fvture years. the School prepares and regulaty update5 5-year financial projections
incorporating ￿nariO and sensitivity anatys's.
As fees are the School's primary Sour￿ of income. the Sch￿1 works with parents to ensure
prompt payment of fees. For those parents having drfficulties with payment of fees. the
School lakes action to reach arrangements for ongoing payments. The School does utilise
external debt collection agenC￿s.
Directors, Responsibilittes
The Board is confident that the Directors have ￿mPlIed with their dulles in section 172 (1)
of the Companies Act. All key decisions are taken collectively by the Board. Board pa￿r$
comprise comprehensive information detailing the Tisks and opportuntties facing the School
and decisions are taken about promoting the long-tem) sustainability of the School for its
pupils, parents, staff, suppliers and local communty. All decisions taken are considered
carefully to ensure they are justffiabk. appropriate and that they will benefft the School a￿j
the environment it operates in.
SECTION 172111 STATEMENT
The Board of Directors have a duty to act in the best interests of the School and also in the
best inleresls of its pupils. staff. parents and other stakeholders. as recconised beneficiaries
under charty law. The Directors fulfil thFs duty by considering the long-tern factors affecling
the School and their impact on its pupils. staff. parents. partners, suppliers and k)cal
community. The School's commtimenl to providing an excellent education for its pupils is
Ihe key driver within its Slralegic plan and in its target of continued finanual sustainabilty-
The School ensures thal engagement wilh pupils, staff. parents. carers, partners and other
stakeholders informs Ihe Board of Direciors. deCiS￿n making. Engagement takes place in a
range of ways:
Pupils
Pupils are encouraged to contribute their perspectlves wUlar￿ through dialogue wtth Form
Tutors, as well as through formal suNeys commissioned when input on school-wide
initiatives is required. Our Sixth Form Council, ￿mprisIng the mosl senior pupil volunteers.
plays a central leadership role in representing student voice: members lead pupil-led
initiatives and act as role [Tr￿elS to younger year groups.

CHEADLE HULME SCHOOL
Report and Flnanclal Statements- Year Ended 31 August 2025
The Eco Committee, made up of pupils from the JunKJr Schwl through to the Sixth F¢)mi.
meels regulady to shape sustainability projects and infiuence whole-school environmental
praclice. In addith)n, all Year 10 pupils participate annualty in the Greater Manchester
Beewell Su￿ey. a longitudinal study thal provKles important insKJhts into young people's
wellbeing and helps guide pastoral priorit￿s.
Pupil representatives have continued to meet reguLgrly as part of the CHSenale, which
meets in the Lower School, Upper School and Stxth Form lo discuss key areas for review
and improvement.
Parents I Carers
Parents and carers are kept dose￿ inforyned of school devekjpmenls through the fortnightly
Head'5 Update and targeted communications about key iniliatives. Feedback from parents
is actively sought when appropriate and used to support planning and improvement. At the
beginning of each academic year. Senior Pastoral Leaders host an Information Evening for
all parents for each year group to outline prForIt￿s, expectations and pastoral support
structures for the year ahead. A programme of further infoTmation events is deliVe￿d
throughout the year. covering a range of pastoral themes and offering guidance and support
to parenls wherever possible. The School continued to conduct parenu carers surveys each
term on a year gioup basis. It also encouraged feedback from parents at parent information
evenings and by facilitating direcl corrtact wtlh teaching staff and members of Ihe Senior
Leadership Team. The School also hekl a number of parent forums and parents were given
the opportunity lo provide feedback on the School's delwery and perfomiance.
Staff
The Employee Involvement section al Annex C details how the Sch￿7 engages its staff.
Communitie5
The School activety and direclty engaged with the communty groups who use the School's
faciltiies in the evenings, weekends and holiday pefiods to ensure 5uilable risk assessments
and training were in place and that the services pro¥￿ed by the School mel their needs.
Wider partnership, communty outreach and engagement impact is covered in the 2024-25
Cheadle Hulme School Impact Report
Partners & Suppliers
The School relied on its key suppl*rs and contractors for delivery of gocmjs and services.
Appropriate measures were taken to ensure value and price was faidy assessed and Ihat
the contracts awarded mel the need5 of the Schi)ol. ContTacts are evaluated, with tem)ly
performance ffleelings" A tender process is conducted, as appropriate, when signffjicant
fixed-temi contracts expire. The main suppliers are Sodexo for catering. Brstish Gas for
utilities and Premiserv for cleaning.
DIRECTORS. RESPONSIBILITIES
The Directors are responsib￿ for preparing the Directors. Report and the financial
stalemenls in accordan￿ with applicable law and regulations.
Company law requires the Directors to prepare finanaal statements for each financial year.
Under that law the Directors have elected to prepare the financial staternenls in accordance
with United Kingdom Generalty Acc8pted Accounting Pract￿ {Unrted Kingdom Acuunting
10

CHEADLE HULME SCHOOL
Report and Flnanclal Statements- Year Ended 31 August 2025
Slandards and applicable law). Under company law the Diredors must not approve the
financial statemenls unless they are satisfied that they give a true and fair view of the state
of affairs of the company and of the income and expendtture of the company for that period.
In preparing those financial statements. the Directors are required to select suitable
a¢￿UntIng policies and appl￿ them conststenty:
Making judgemenls and estimates that are reasonable and prudent.
Following applicable accounting standards and the CharIt￿S SORP (FRS 102).. and
stale whether applicable UK accounting Standards have been followed, subject to
any material departures disclosed and explained in the financial statements.
Preparing the financial slatements on the going concern basis unless it is
inappropriate to p￿SuMe that the company will continue in business.
The Oirectors are responsible for keeping adequale accounting records that are sufficient
to show and explain the compan￿$ transa(*ions and disck)se wtth reasonable accuracy at
any lime the financial position ot the company and enable them lo ensure that the financial
statements comply with the Companies Act 2006. They are also responsible for
safeguarding the assets of the company and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularifies.
GOING CONCERN
The Directors have regard f￿the going concem of the Charity and have considered all
available infomialion aLKJUt the Sch(K)I's fulure prospecls. The directors have reviewed the
School's financial wsition, including a detaited budget for Ihe 12 months ahead. financial
projections for a five-year peri￿￿, cash flow and capital requirements. These projections
have considered sensitivty anatysis in future enroll￿Ent and fee income levels.
Despite the challenging economtc landsrape, the School (xjnlinues to deliver a strong
educational offer. wrth posrtive enrolment levels and committed lee-paying families.
ReseNes remain at a level that provides comfort in managing unexpecled cost pressures
and enable the School to make ongoing reinvestment in tts facilities, further supporting its
mission and sustainabilrty. The Directors continue to closely monitor any polential changes
in regulatory or funding environment for independent schools.
Based on current financial reSoUr￿s, rigorous contingency planning, and proactive
management, the Direcaors L￿lieVe that the sth￿l is well-positioned to continue as a going
concern for at least Iwelve nK)nths from the date of approval of these financial statements.
Accordingty. Ihe financial statements have been prepared on a going concem basis.
STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the Directors are aware".
there is no relevant audit infonrtation of which the company's auditors are unaware,
and,.
the Directors have laken all the steps that ought to have been taken as a member
in order to be aware of any infornation needed by the auditors in connection with
preparing their report and to estsblish that the company's auditors are aware of that
infomation.
The Directors have also tsken all reasonable steps to compW viith their obligations as set
out by the Charty Commission to act in the best interests of the charty and compty wrlh
their legal duties under charity law. including their duty of prudence.

CHEADLE HULME SCHOOL
Report and Flnancial Ststements - Year Ended 31 August 2025
Approval
This report was approved by the Board on .....
1.1. dc{rfcly.£crL
Chris Roberts
Director
12

CHEADLE HULME SCHOOL
Report and Financial Ststements- Year Ended 31 August 2025
ANNEX A.. ENERGY DATA
The School has begun using Planet Mark to n￿nitOr and report energy use across the
School site. Planet Mark is an annual assessment and sustainability certification programme
which provides a robust baseline to enable continuous improvement and target setting lo
reduce Ihe ¢athJn emissions and energy consumption of Ihe School operations and its
estale.
In Year 1 of the accreditatton, the installation of stte-wide LED lighting significantty lovRred
electricity utilisation, and dala reporting qualty assurance Ihrough Planet Mark has seen an
improvement in data capture (which has seen an increase in energy data rewrted). Through
a programme of engagement and communi￿110n, the Schwl has been able to corrtinue to
drive progress across energy saving measures and to drive behavioural change resulting in
an overall reduction in energy use and asscctaled greenhouse gas emissions.
More details about the Stht)ol's commitment to saving energy can be found in the 2024-
2025 Impact Report.
2022-23 ..
Eneryy usg {kWh)
3.335,199
3A08.011
3.440286
Asso¢lated
Greenhouse
emissions (Tonnes
C02 equlvalent)
833,710
719,950
Inlenslty
ratlo
Emlssions per pupil
3W2
428
475
Associated greenhouse gases have been calculated using the conversion factors from the
Department for Business, Energy, and Industrial Standard, and using an average pupil number
of 1525. Intensity ratio of emissK*ns per pupil is lower than 2023-24 due to the use of solar
panels throughout the year.
13

CHEADLE HULNE SCHOOL
Report and Flnanclal Statements - Year Ended 31 August 2025
ANNEX 8.. THE SCHOOL'S STRATEGIC AND OPERATIONAL PLANS
The School has a dear Ethos & Mission=
Our School was built by fr*thinking philanthropists in 1855 to provide a liberal. inclusive
Co-education to orphans and necessitous children.
To Ihis day, we inspire every Wao)nian to use their CHS experience to fflake a positive
lrfelong contribution to our v￿r1d.
Our mission and vision will be achieved through a cutture characterised by compassion.
curiosity and joy, built around o)nneclions wilh people, our community and our herftage.
We passionately believe that an inclusr¥e C(ped￿atIOn has never been more important -
where pupils embrace difference and leam the value of respecting new and diverse ways
of thinking.
The School's Values underpin and guide all aspects of lrfe at CHS. whilst providing a strong
sense of idenlity and purpose for the wh￿e communty. All members of the community are
encouraged to uphold these princip* in their inlerath'ons wilh one another and throughout
each day.
The 5 Waconk?n Values are.. Integrity. Endeavour. Cornpa5sion. Resilience and
Coiitributioii.
Work on the Sd)ool's Strategic Plan has been paused pending a review of the post-VAT
landscape. Meanwhile. in-year Devetopment Plans have been produced and fulfilled for all
functional areas. with particular emphasis on maximising the efficient use of resources and
minimising overall cost. The medium-term aim is to ensure that the qualty of education is
preseNed. whilst minimising cuffent and fLrture fee increases.
14

CHEADLE HULME SCHOOL
Report and Financial Statsments- Year Ended 31 August 2025
ANNEX C: EMPLOYMENT, COMMUNICATION AND PROFESSIONAL DEVELOPMENT
The School is an equal opportuntties employer. It has dear and transparent recruitment
procedures that adhere to employment law. best practu and Department for EduCat￿n
guidelines. The School consider5 all job applicants equalty and against predelemiined
criteria required for the post. The School undertakes to make all reasonab￿ adjustrnents to
ensure that any applicant who futfils the criteria. can be offered an inleNiew.
The Sch￿1 meets its obligations in relation to safeguarding" Tl meets safer recruilment
standards and undertakes any checks necessary to ensure the suitabilty of any staff or
volunleers working with children.
Development
The School has a deaTly defined development Gyde for all employees. Different systems
are used forteachers and non-teachers. due to the nature of their roles. These systems are
designed to encourage regular conversations be￿een empbyees and their line managers.
focussing not only on professional development and growth but also on wellbeing, work
satisfaction and longer-temi team plans.
The School runs its own development programmes for Recentty-aualif￿d leachers, and
aspiring Senior and Middle leaders. The School has an annual budget for CPD activities.
accessible to both teaching and non-teaching employees. The￿ are professional learning
communty meelings for teachers which take pkqce Iwice a temi and V￿klY breakfast CPD
sessions.
Wellbeing
Staff wellbeing is key to the School's appeal and success. School provides staff coaching
and mentoring for professional and personal development and operates an Employee
Support Scheme: an external organtsation is on hand 24n to provide a broad range of
advice and support (personal and work-relatedl on a confidenttal basis to all School staff.
All staff have access to the intemal HR department who offer support and guidance on
wellbeing matters.
Benefits
The School's employment contrad also includes varKJus tenefits". access to the Sch¢)ol's
fithess and pool facilities for stsff and their families-. on-site parking., lunches,. access to
affordable private hea￿hcare through Benenden Health" Staff Eyecare and Cycle to Work
schemes, and partial-fee remission for staff wilh children in the Senior School. These
benefrts are regulaty reviewed for impact, uplake and perceived value to Ihe staff.
Employees with disabilities
The School undertakes to make all reasonable adjustrnents to ensure that any candidate
applying for a role at the School. and who is deemed appointable. would be able to carry
out their duties effectively. Any member of staff with a disabilty. or who becomes disabled
during their empk)ym8nt. will not be disadvantaged in their OPF)Ortunities for training and
development
Where appropriate, specialist Iraining or resources are made available to allow them to
develop their skilts and Ca￿er opwrtunities.
15

CHEADLE HULME SCHOOL
Report and Financial Statements- Year Ended 31 August 2025
All employees are expected to treat disabled o)Ileagues, pupils and visitors with the same
dignity and respecl as their non-disabled counterparts. Any fomi of harassment of a pefson
with a disabilty on account of their impaiTment is unacceptable behaviour and is potentially
nlawful under the temis of the Equalty Act 2010 and the Piolection from Harassment Act
1997.
The School has a rolling programme ol improvements within an estsle plan to offer improved
access and facilities for disabled staff. pupils and vtsitors. to indude gender-neutral and
inclusive loiletslwashrooms and the facilty for the observanc* of normal religK)us practices.
Employee Involvement
The School operates a structured framework for employee information and consultation
which complies with Ihe reqU1￿ments of the InforMat￿n and Consultation of Employees
Regulations 2004.
The School actively engages with employees and their representatives lo ensure that their
views are considered where decisions are taken that may affect their interests. including
(but not limited to) working practi￿$. pensions. beneffts and curriculum devek)pments.
Employee representation is fonnalised through Slaff Council, which meets tem7￿ and
provides a forum for open dialogue between staff and senior leaders. In addition, teaching
staff within the Senior School meet tennty to discuss matters relating to their professional
experience. with key themes and issues Taised with the Head following each meeting.
The School also recogni5es the role of trade unions as set out in the Trade Union
Recognition Ag￿ernent ITURA), and consults wtth recognised trade union representatives
on matters within scope of Ihe agreement. This ensures that fomwl consultation
hanisms sit alongside wider staff engagement channels and reinforces our 1￿mit{￿ent
lo transparent, meaninglul and constructive involvemenl of staff in decision making.
The School involves employees in discussions regarding the development of the Strategic
PLan and informs them on progress at least annual￿ al INSET meetings. Employee5 are
encouraged to present their suggestions and views on all e￿MentS of the School.
Communication
The School oommunicales with employees in a variety of forms e.g. INSET days. week
Staff briefings. all-staff emails, half-temity line managers. meetings, all-staff meetings. team
Meetings and Away Days. A comprehensive online Staff Site acts as the primary Sour￿ of
information for all staff and is updated daily. Regular meetings are held between
management and employees to enable the free Ilow of information and ideas.
School-centred Initial Teacher Training {SCITTI
The School continues lo act as a regH)nal hub for the National Modem Languages (NML)
SCITT. Four trainees are placed each year al CHS and partner schools. All Irainees to date
have secured emptoyment in state sector schools.
16

CHEADLE HVLME SCHOOL
Report and Financlal Statements - Year Ended 31 August 2025
INDEPENDENT AUDrroR'S REPORT TO THE MEMBERS OF CHEADLE HULME SCHOOL
Oplnlon
We have audited the financtal statements of Cheadle Hulme Sch￿1 ('the charttable company,) for
the Year Ended 31 August 2025 which comprise the Statement of Financial Activities. the Balance
Sheet, the Statement of Cash Flows and notes to the financial statements. induding significant
accounting policies. The financial feporting framework thal has been applted in their prepatation
is applicable law and Untted Kingdom Accounting Slandards. induding Financial Rew)rting
Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland
{United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements..
gwe a true and fair view of the state of the charitable o)mp2ny's affairs as a131 August
2024 and of its incoming resources and application of resources, including its income and
expenditure for the year then ended-
have been property prepared in accordance with Unf(ed Kingdom Generalty Accepted
A¢¢ounting Practice., and
have been prepared in accordance with the requirements of the CoMpan￿S Act 2006.
Basls for oplnlon
We condu(thd our audit in accordance with Intemational Standards on Auditing (UK) (ISAS (UK))
and applicable law. Our ￿Sponsibl11t1es under those stsndards are further described in the
Auditor's responsibilities for the audit of the financhgl statements section of our report. We are
independent of the charitable ￿MpanY in accordance with the ethwl requirements Ihat are
levant to our audit of the financial statements in the UK. including the FRC'S Ethical Standard.
and we have fulfilled our other ethical responsibiltties in accordance wrth these requirements.
We believe that the audit eviden￿ we have obtained FS sufficient and appropriate to provide a
basis for our opinion.
Concluslons relatlng to golng concern
In auditing the financial stslemenls, we have conduded that the trustee's use of the going concem
basis of accounting in the preparation of the financial statements is appropriate.
Base(l on the work we have FerfomHI, we have not Mlentified any material un￿rtaInlieS relating
to events or conditions that. individualty or coliectrvety. may cast signifunl doubt on the charitable
company's ability to continue as a going concern for a period ofat least ￿efve months from when
the financial statemerrts are authorised for issue.
Our responsibilities and the resPon￿billtles of the trustees with respect to going concem are
described in the relevant sections of this reForL
Othèr Infomiation
The trustees are responsibFe for the other infomiation contained within the annual report. The
other inf0m￿tIOn cornprises the infornation included in the annual report. other than the financial
statements and our auditor's report thereon. Our opinion on the financial slalements does not
cover the other infomiatM)n and, except to the extent othe￿ise explicitly stated in our report. we
do not express any fom of assurance conclusion thereon.
Our responsibility is to read the other infonnation and, in doing so, consider whether the other
information is materially inconsistent with the financial statements or our knowledge obtained in
the audit or otherwise appears to be materialty misstated. If we identify such material
inconsistencies or apparent material misstatements. we are required to detemiine whether this
gives rtse lo a material misstatement in the financial statements themselves. If. based on the work
we have performed. we conclude that there is a material misstatement of this other infomiation.
we are required to report that fact. We have nothing to report in this regard.
17

CHEADLE HULME SCHOOL
Report and Financial Statements- Year Ended 31 August 2025
Opinions on other matters prescribed by the Companles Act 2006
In our opinion based on the work undertaken in the course of our audit
the infoTmation given in the trustees, rewrt. whith indudes the direclt)rs' rewrt and the
strategic report prepared for the purposes of company law. for the financial year for wh￿h
the financial statements a￿ prepared is consistent with the financral statements- and
the strategic report and the directors. report induded within the trustees. report have been
prepared in accordance with applicable legal requirements.
Matters on whl¢h we are requlred to report by exception
In lighl of the knowledge and understanding of Ihe charitable company and their environment
obtained in the course of the audit. we have not identified material misstatements in the
strategic report or the directors, report induded within the trustees. report.
We have nothing lo ￿port in respect of Ihe following matters in relation to which the Companies
Act 2006 requires us to report to you rf, in Oltr opinion..
adequate and proper accounting records have not been kepl", or
the finanual stslements are not in agreement wtlh Ihe accounting records and retums" or
certain disckjsures of trustees. remuneration S￿￿￿ed by law are nol made; or
• we have not received all the informatton and explanatM)ns we require for ¢)ur audit
Responsibilities of truslees
As explained more fulty in the trustees, responsibilit￿S statement set out on pages 10-12 the
trustees (who are also the directors of the charitabte company for the purposes of company law)
are responsible for the p￿par*lon of the financial statements and for being satisfied that they
give a true and fair view, and for such intemal control as the trustees determine is fte￿ssary to
enable the preparation of finanaal statements that are free from material misstatement, whether
due to fraud or error.
In preparing Ihe financial statements. Ihe twstees are ￿sponsible for assessing the charitable
company's abilty to continue as a going COn￿M, disclosing, as applicable, matters relaled lo
going con￿rn and using the going con￿rn basis of accounting unless Ihe trustees either intend
to liquidate the charitable company or to cease operations, or have no realistic alternative but to
do so.
Audltorfs responslbllltles for the audit of the financial statements
Our objecawes are to obtain reasonable assuran￿ about whether the financial statements as a
whote are free from malerial misstatement, vthether due to fraud or error, and to 155ue an auditorfs
report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a
guaranlee that an audit conducted in accordance with ISAS IUKI will a￿48Y$ dele¢t a material
misstatement when it exists. Mi5Statements can arise from fraud or error and are considered
material if, individually or in the aggregale, they coukl reasonabty be expected lo influence the
economic decisions of Use￿ taken on the basis of these financial statements.
Details of the extent to which the audit was (￿nSidered capable of detecting irregularttses.
including fraud and non-compliance with laws and regulations are set out below.
A further description of tyjr resw)nsibilities for the audit of the financial statements is located on
the Financial Reporting Council's website at: yn•M.frc.or
.ukJauditorsres
onsibililies. Thls
description fomis part of our auditorfs report.
18

CHEADLE HULME SCHOOL
Report and Flnanclal Statements - Year Ended 31 August 2025
Extent to which the audit was considered capable of detecting irregularities, including
fraud
Irregularities, including fraud. a￿ instances of non-compliance with laws and ￿gUlatiOns. We
identified and assessed the risks of material misstatement of the financial 51atements from
irregularities, whether due to fraud or e￿Or, and discussed these belween our audit team
rnembers. We then designed and performed audil prO￿dureS responswe tothose Tisks, including
obtaining audit evidence SUff￿len1 and approprtate lo provide a basis for (￿r opinion.
We obtained an understsnding of the *al and regulalory frameworks wtlhin which the charitable
company operates, focusing on those laws and regulalions that have a direct effect on the
detemiination of material amounts and disdosures in the financial statements. The laws and
regulations we considered in this context were the Companies Act 2006, taxation legislation,
together with the charities SORP (FRS 102). We assessed the requiied Complian￿ with these
laws and regulations as part of our audit procedures on the related financial statement items.
In additM)n, we considered provisions of other laws and regulatM)ns that do not have a direct effect
on the financial statements but compliance wtth which might be fundamental to the charitable
company's ability to operate or to avotd a material penaty. We also considered the opportunities
and incentives that may exist within the Charitab￿ company for fraud. The laws and regulations
we considered in this context for the UK operations were The Education {Independent School
Standards) Regulations 2014, Employment legislation and Health & Safety LegislatTron.
Auditing slandards limit the required audit prc¢edures lo idenlty non-compliance with these laws
and regulations to enquiry of the Truslees and other management and inspeolion of regulatory
and legal correspondence, rf any.
We identified the greatest risk of matertal impact on the ffinancial statements from iffegularilies,
including fraud, to be With￿ the timing of recognitKJn of other income and the override of controls
by management. Our audit procedures to respond lo these risks included enquiries of
management and the Finance and Resources Committee about their own identification and
assessment of the risks of irregularities. sample testing on the posting of journals, reviewing
accounting estimates for biases. reviewing regulatory correspondence with the Charity
Commission. Independent SchcM)Is Inspectorate. sample testing of other income and reading
minutes of meeting5 of those charged with govemance.
Owing to the inherent limitations of an audrt. there is an unavoidable risk that we may not have
detected some material misstatements in the financial ststements, even though we have properly
planned and performed our audit in accordan￿ with audrting standards. For example, the fvrther
remved non-compliance with laws and regulations {irreguiaritiesl is from the events and
transactions refle¢Xed in the financial ststements, the kss likety the inherenlty limiled pr(￿edUreS
required by auditing standards woukl identify it. In addtlion, as wtth any audit, there remained
higher risk of non4etection of irreguiattties, as these may involve collusion, forgery, intentional
omissions, misrepresentstions, or the override of intemal ￿ntrolS. We are nol responsible for
preventing nonpcompliance and cannot be expected to detect non-complian￿ with all laws and
regulations.
Use of our report
This report is made solely to the charttable company's members. as a trfxly. in accordance with
Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertakers SO thal
we might state to Ihe charitable company's members those matters we are required to state to
them in an auditorfs rewrt and for no other Pufpose. To the fullest extent pemittled by law. we
do not accepl or assume ￿SponSibl1ty to anyone olher Ihan the charitable company and the
charitable company's members as a body. for our audit work, for this report, or for the opinions
we have fomied.
19

## **CHEADLE HULME SCHOOL Report and Financial Statements - Year Ended 31 August 2025** 


Kathryn Paul Statutory Auditor 

For and on behalf of 

Crowe U.K. LLP Chartered Accountants 3rd floor, St George's House 56 Peter Street Manchester M23NQ 

Date .........20th  March 2026.............. . 

20 



## **CHEADLE HULME SCHOOL Report and Financial Statements - Year Ended 31 August 2025** 

## **STATEMENT OF FINANCIAL ACTIVITIES (Including an income and expenditure account)** 

|**Unrestricted**<br>**Note**<br>**Funds**<br>**INCOME**<br>**£'000**<br>**Income from:**<br>Donations and legacies<br>6<br>278<br>Investments<br>5<br>344<br>Ancillary trading income<br>4<br>1,534<br>Charitable activities<br>3<br>19 736<br>**Total Income**<br>21 892<br>**EXPENDITURE**<br>Charitable activities<br>21 380<br>**Total Expenditure**<br>7<br>21 380<br>**Net School income for the year**<br>512<br>**and net movement in funds**<br>Total funds brought forard<br>19 590<br>Total funds carried forard<br>21<br>20 102|**Restricted**<br>**Total**<br>**Funds**<br>**2025**<br>**£'000**<br>**£'000**<br>47<br>325<br>344<br>1,534<br>19 736<br>47<br>21 939<br>21<br>21 401<br>21<br>21 401<br>26<br>538<br>390<br>19 980<br>416<br>20,518<br>**Total**<br>**2024**<br>**£'000**<br>595<br>341<br>1,408<br>18 631<br>20 975<br>20 061<br>20 061<br>914<br>19 066<br>19 980|
|---|---|



The Statement of Financial Activities includes all gains and losses recognised in the year. All activities are classed as continuing. 

## **The notes on the following pages form part of these financial statements** 

21 



CHEADLE HULME SCHOOL
Rèport and Flnancial Statements- Year Ended 31 August 2025
BALANCE SHEET
Company number. 3823129
Note
2025
2025
2024
2024
£'ooo
£'ooo
£'ooo
£'ooo
Flxed assets
Tangible assets
10
20,934
21,195
Current assets
Debtors
Cash at bank and in hand
12
1,447
7.314
867
7.558
8,761
8,425
Creditors". Arnounls falling due within
one year
Loans
other
13
(1.550)
{5.1 $2)
1200)
(5.343)
Net current assetsl{Ilabllltles)
2.059
2,882
Total assets less Current Ilablllties
22.993
24,077
Creditors: Amounts falling due aft
more than one year
14
{2.475)
(4,097}
Net assets
20.518
19.980
Funds
Unrestricted general funds
Restricted funds
20
19
20.102
416
19,590
390
Total charity funds
20.518
19.980
The financial stalements were approved by the Board of Directors on
suned on its behalf bv..
C Roberts
Director
The notes on the following pag¢s forni part of thesè financlal ststements.
22

CHEADLE HULME SCHOOL
Report and Financial Statements- Year Ended 31 August 2025
STATEMENT OF CASH FLOWS
2025
£'ooo
2024
£'ooo
Cash flows from operallng activities:
Nel movement in funds
Adjusted for:
Depreciation
Interest payable
Interest receivable
{Increaselldecrease in trade and other receivables
Increasel{decrease) in trade and other payables
Increasel{d6crease) in pension debt provlsion
538
914
1.016
77
(344)
(48)
{1,059)
890
984
88
(341)
1186)
3.495
157)
Net cash inflow from operating activitie5
Cash flows from Invesllng aclivltles
Purchase of tangible fix&J assets
Reduction in value of tsngible fixed assets as a result of
VAT reclaims
Interest r￿￿ed
(1.581)
295
(1,327)
341
Net cash ouffiows from investing activities
{942)
(986)
Cash flows from financlng actlvltles
Repayment5 of amounts borrowed
Repayments of finance lease
Interest paid
(200)
(96)
(76)
(200)
(891
(88)
Net cash outhows from flnanclng acllvllles
(372)
(377)
Net increaselldecrease) In cash & cash equfvalents
(244)
3.533
Openlng cash & ¢ash equlvalents
7.558
4,025
Closlng cash & cash equivalents
7,314
7,558
Movement In cash & cash equlvalents
(244)
3,533
23

CHEADLE HULME SCHOOL
Report and Financial Statements- Year Ended 31 August 2025
RECONCILIATION OF NET DEBT
Atl
Septernber
2024
£'ooo
At
31 Au9USt
2025
rooo
7sh flow
£'ooo
Cash at bank
7,558
{244}
7.314
Bank k)an due in less than one year
Bank kjan due in greater Ihan one year
(200)
1.750
(1.3501
1.750
(1.550)
5.608
156
24

CHEADLE HULME SCHOOL
Report and Flnanclal Statsments- Year Ended 31 August 2025
NOTES TO THE FINANCIAL STATEMENTS
ACCOUNTING POLICIES
General information
Cheadte Hulme School is a private company limited by guarantee and is non-profit making.
Cheadle Hulme School ts incorporated in England and Wales. The registered office is Claremont
Road. Cheadle Hulme. Cheadle. Cheshire SK8 6EF.
Basls of accountlng
Cheadle Hulme School meets the definition of a public benefft entity under FRS 102. The financial
statements have been prepared under the hislorical cost convention, wtth the exception of certain
buildings which have been included at a valualion made in 1939 and in accordance with applicable
accounting standards. The financial stalements have been p￿pared in accordance with
Accounting and Reporting by Charities. Statement of Recommended Pra￿￿ applicable to
chaiities preparing their accounts in accordance with the Financial Reporting Stsndard applicable
in the UK and Republic of Ireland IFRS 102) (effective 1 January 2019) - {Charities SORP {FRS
10211, and the Companies Act 2006.
Golng concern
The Directors have due regard for the going concem of the Char￿y. The School prepares a
detailed budget for the 12 fflonths ahead as well as financial projections for at least a fvrther 3
years. Actual performan￿ is montiored at least termty and cash balances are managed daily. The
SChC￿l continued to have strong pupil recruitment and made a positive Income and Expenditure
surplus which it uses to reinvest in its facilities. The Oirectots continue lo undertake planning and
forecasting including Close￿ monitoring the UK political and economic situation and its possible
impacl for the School, induding workforce availabilty and wages pressures and the implicalions
of any changes to UK taxation as it applies to independenl sthcM)Is.
The directors also keep under revivw the short and kjng-tenn impact of geowlilical conflict
including issues in suppw ohains, energy costs and other materials costs. Direclors believe that
Ihe school's financial resour￿$ and contingency planning is sufficient to ensuTe the ability of the
School to continue as a going concem for the foreseeable future, being at leasl twelve months
from the date of approval of these financial statements and therefore have prepared the financial
statements on a going concern basis.
Group ac¢ounts
The charity has not prepared ¢onsolidated ac￿Unts as the subsidrary undertaking may be
exduded from consolidation t)n the basis that it is not material. These financial statements
therefore present inf0m￿tIOn ab)ut the charity as an indpiidual undertaking rather than as a
group.
Income
All income is included in the Statement of Financial Activit￿ when the School is legally entitled
to the income and the amounts can be quantified with reasonable accuracy. Inoome mainly
represents fees eamed in respect of tuition given durtng the year. Fees received in respect of
tuition to be given after the year end are induded in credttors as fees re￿Ned in advance.
25

CHEADLE HULME SCHOOL
Report and Financlal Statements - Year Ended 31 August 2025
NOTES TO THE FINANCIAL STATEMENTS Icontinued
ACCOUNTING POLICIES (CONTD)
Donations and gifts
All monetary donations and gifts are induded in full in the Statement of Financial ActNities when
receivable, provided that there are no donor imFX)sed restrictions as lo the timing of the related
expenditure, in which case recognition is deferred until the pre<onditk?n has been met.
Donations under Gift Aid. together wtlh a5socÈated income tax recoveries. are credited as income
when the donations are receivable.
Legacies are included when the Charity adwsed by the personal represenlatȥe of an estste
that payment will be made. if the receipt is both probable and measurable. These are included in
the Statement of Financial Activities.
Investment Income
Investment income. including associated income tsx recoveries, is recognised when re￿1¥able.
Expenditure
All expenditure is accounted for on an accruals basis and has been da&8ified to the parlicular
activity where the cost relates diredty lo that activty.
Charltable expendlture
This represents expenditure incurred on activibes in furtherance of the charIt￿S objects (which
includes support costs).
Govemance costs
Costs incurred are those relating lo the organisaknon and running of the charity itself and are
included in charitable expenditure.
Flxed assets
Fixed assets are included in the balance sheet at historic cost except for certain buildings noted
above. From 1 April 1993 all plant and equipment purchased with a cost of greater Ihan £2K is
being capitalssed and disclosed within the fixed asset note.
Depreciation is provided eventy on the cost of pLgnt and equipmenl lo write them down to their
estimated residual values over their expected useful econom￿ INes of 5-20 years. Infomialion
Technology equipment bs written down over 4 or 5 years. Fixtures and rrttings are written down
over 10 years.
Buildings are being depreciated over a lrfe of 50 years. Certain improvements lo propertles are
depreciated over their estimated useful INes. ranging from 5 to 20 years.
Taxation
The School is not liable to taXat￿n on the resuKs of tls Charitab￿ actS¥ities as it is a registered
charty.
Inveslments
Investments in subsidiaries ale measured at cost less accumulated impairment.
26

CHEADLE HULME SCHOOL
Report and Flnancial Statements- Year Ended 31 August 2025
NOTES TO THE FINANCIAL STATEMENTS Icontinued
ACCOUNTING POLICIES (CONTD)
Penslons
School staff are members of one oftsyo penston schemes. Texhers, Pension Scheme is a defined
benefit scheme and Independent School's pension scheme still open to members is defined
contribution. There is also a further defined benefft scheme with no active members. More details
of the schemes are given in note 22.
Dellned Benefit Schemes
Teachers, Pension Scheme
Full-time and part-time teaching staff employed under a contr&t of Servi￿ are eligible to
¢onlribute to the Teachers. Pension Scheme (TPS). The TPS, a statutory, contributory, final salary
scheme is administered by Capita Teachers. PensK)ns on behalf of the Department of Education.
As the School is unable lo identify its share of the underlying (nolionall assets and liabilities of the
scheme, Ihe School has taken advantsge ofthe exemption in Financial Reporting Standard {FRS)
102 and has accounled for its contributions lo the scheme as rf il were a defined contribution
scheme. The pension costs for the scheme represent the contributions payable by Ihe SchTh)l in
the year. More details of the schemes are given in note 22.
Defined Contribution Schemes
Inde
endent Sch¢Jols' Penston Scheff
Non-teaching members of staff are offered membership of the Independent Schools. Pension
Scheme (ISPS) Defined Contribution section. The contribution5 paid by the School during the year
are charged to the Statement of Financial Activities.
Non-teaching members of staff appointed priorto 1 September 2013 were el￿￿ble to be mèmbers
of the ISPS fvnded mutti*mployer Defined Benefft scheme. The scheme is closed to new
employees. As the School is unable to tdenttfy tts share of the undertying (notional) assets and
liabiltties of Ihe scheme, the Scht)ol has taken advantage of the exemption in Financial Reporting
Slandard {FRSI 102 and has accounted for its ￿IntrIbUtIonS to the scheme as rf it were a defined
contribution scheme. More details of the schemes are grien in note 22.
If the actuarial valuation of the scheme Teveals a def￿1t, the Directors will agree a recovery plan
to eliminate the deficit over a specified peric¥J. This is held as a liability in the financial statements,
as detailed in note 16.
The pension costs for the scheme represent the contributions payable by the School in the year.
Reserves
The School has a number of restricted income funds to account lor situations where an income
strearn requires that the income must be spent on a particular purpose.
All other lunds are classified as unrestricted fvrKIs.
27

CHEADLE HULME SCHOOL
Report and Financial Statements- Year Ended 31 August 2025
NOTES TO THE FIIIANCIAL STATEMENTS Icontinued
CRITICAL ACCOUNTING JUDGEMEKfs AND KEY SOURCES OF ESTIMATION
UNCERTAINrY
In applying the charilys accJ)unting policies, the Directors are required to make judgements,
estimates and assumptions in determining the carrying amounts of assets and liabilities. The
Directors, judgements, estimates and assumptN)ns are based on the best and most reliable
evidence available at the time when the decisions are made. and are based on historical
experience and other factors that are considered to be appli(3ble. Due to the Inhe￿nI subjeGlivity
involved in making suth judgements. estllnates and assumptions. the actual resuhs and outcomes
may differ.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are recognised in the period in which the estimate is revised. rf the revisTron
affects onty that period. or in the perw)d of the revision and future pertods. rf the revision affects
t￿th current and future Feriods.
Cntical accounting judgements
The critical accounting judgements that Ihe Directors have made in the pr￿$S of app￿ing the
charity's accounting policies that have the most SmJnif￿anI effect on the amounts recognised in
the statutory financial statements are discussed below.
Pension deftit provision
The tharity has an obligation to pay deficit funding (x)ntributions towards th8 mutti-
employer defined benefft pens￿￿ scheme. This provision is dependent on a number of
factors including discount rate. lrfe expectancy and asset valuations. The assumptions
reflect historical experience and current trends.
Key sources of estimation uncertainty
The key assumptions concerning the future, and other key sources of estimotion uncertainty, thal
have a significant risk of causing a material adjustment lo the carrying amounts of assets and
liabiltties within the next finanaal year are discussed below.
Delermining reshjual values and useful economic lives of property. plant and equipment
The charity depreciates tangible assets over their estimated useful lives. The estimation
of the useful INes of assels is based on historic performance as well as expectations
about future use and therefore iequires estimates and assumptions lo be applied by the
Directors. The actual lives of these assets can vary depending on a variety of factors.
including technological innovation. produd life cydes and Maintenan￿ programmes.
Judgement is applied by the Directors when detemiining the residual values for plant,
machinery and equipment. When delermining the residual value. the Directors aim to
assess the amount that the charity woukl currently obtain for the disposal of the asset. rf
it We￿ already of the condition expected at the end of ils usefvl economic lrfe. Vvhere
possible this is done with reference to external markel pr￿.
28

CHEADLE HULME SCHOOL
Report and Flnanclal Statements- Year Ended 31 August 2025
NOTES TO THE FINANCIAL STATEMENTS Icontlnuod
CHARITABLE ACTIVITIES- FEES RECEIVABLE
2026
£'ooo
2024
£'ooo
Fees recelvable conslst of:
School fees
Less: total bufsaries and scholarships
21.935
2,199)
20.397
(1,766)
19,736
18,631
CHARITABLE ACTIVITIES ~ OTHER INCOME
2025
£'ooo
2024
£'ooo
Catering fees
Entran￿ and registration fees
After school and other clubs
Income from CHS Enterprises
Other income
1,163
45
179
147
1.047
50
120
110
81
1,534
1,408
INVESTMEKf INCOME
Total
2025
£'ooo
Total
2024
£'ooo
Bank interest
344
341
344
341
29

CHEADLE HULME SCHOOL
Report and Financial Ststements - Year Ended 31 August 2025
NOTES TO THE FINANCIAL STATEMENTS Iconllnued
GRANTS AND DONATIONS RECEIVABLE
Unrestricted
Funds
Restricted
Funds
£'ooo
Total
2025
£'ooo
Grants received for Bursaries frC￿￿.
CHS Bursary Trust
Hardship fund
Individual donor bursary donattons
Peter Kershaw income
198
37
37
10
74
278
47
325
un￿strICted
Funds
£'O(M)
Restricted
Funds
£'ooo
Totsl
2024
£'ooo
Grants received for Bursaries from:
CHS Bursary Trust
Biology legacy
Individual donor bursary donatKJns
Peter Kershaw income
183
183
332
74
332
74
263
332
595

CHEADLE HULME SCHOOL
Report and Financial Statements- Year Ended 31 August 2025
NOTES TO THE FINANCIAL STATEMENTS Icontlnued
ANALYSIS OF TOTAL EXPENDITURE
Staff
Costs
£'ooo
2025
Total
£'ooo
Other
£'ooo
Charttable expenditure
15,769
5,632
21.401
Staff
Costs
£'ooo
2024
Total
£'ooo
Other
£'ooo
Charitable expenditUTe
14,500
5.561
20,061
Total expenditure are stated after tharging:
2025
£'ooo
2024
£'ooo
Depreciation
Auditor's remuneration - audit
- no￿audit (other assurance services)
1,016
19
15
31

CHEADLE HULIAE SCHOOL
Report and Financial Statements - Year Ended 31 August 2025
NOTES TO THE FINANCIAL STATEMENTS Icontlnued
STAFF COSTS
2025
£'ooo
2024
£'ooo
Staff costs were as folbws'.-
Salaries
Social security (xjsts
Pension costs
Private medical insurance
11.006
1.274
3,441
48
11.108
1.121
2,184
87
15,769
14.500
Included within wages are le￿InatIon and voluntary severance payments of £24k (2023-24:
£130k). The average number of employees in the year analysed by function was:_
2025
No
2024
No
Teachers
Fund raising and publicity
Managemenl and administration
175
177
145
137
327
320
32

CHEADLE HULME SCHOOL
Report and Financial Statements - Year Ended 31 August 2025
NOTES TO THE FINANCIAL STATEMENTS Icontinued
STAFF COSTS {CONTD)
The following analysis shows the number of higher paid staff in the following ranges.
Emoluments include salary, taxable beneffts in kind and other payments to employees.
2025
No
20
2024
£60.000 to £69.999
£70,000 to £79,999
£80,000 to £89,999
£90,000 to £99,999
£100,000 to £109,999
£110,000 to £119.999
£120,000 trj £129,999
£130.000 to £139.999
£140,000 10 £149,999
£150.000 to £159.999
£160,000 to £169.99g
£170,000 10 £179.999
17
Retlfement benefrts under defined benefft and defined contribution schemes are accruing foi Ihe
above staff.
No Direclor received any remuneration during the pertod.
No (2023-24.. One) directors re￿IVed reimbursed expenses and expenses paid directty to thlrd
parties of £nil (2023-24: £39) during the period.
The key management personnel of the charity comprise the Directors, the Head, three Deputy
Heads, the Director of Finan￿. the Director of Operations, the Senior Deputy Head. the Head of
Junior School and the Director of Admissions and External Relations. The total employee benefrts
of the key management personnel of the Charty were £1.2m {2023-24'. £1.3m). The reason for
the decrease in costs is because there has been a reduction in the amount of temporary roles
compared to last year. As a result. the Directors have determined these costs are more indicalive
of a normal year than last year.
33

CHEADLE HULME SCHOOL
Report and Flnanclal Statements - Year Ended 31 August 2025
NOTES TO THE FINANCIAL STATEMENTS Icontlnued
10. TANGIBLE FIXED ASSETS
Freehold
Land and
Buildings
£'ooo
Plant and
Equipment
£'ooo
Total
£'ooo
Cost or valuation
At 31 August 2024
Additions
Reduction in value as a resuY( of VAT
reclaims
29,108
1.210
(723)
2,932
371
{103)
32,040
1,581
(8261
At 31 August 2025
29.595
3.200
32.795
Depreciation
At 31 August 2024
Charged in year
9,308
695
1,537
321
10,845
1.016
At 31 August 2025
10.003
1,858
Net book value
At 31 August 2025
19.592
At 31 August 2024
19.800
1,395
Fixed assets are included in the balance sheet at the fo1kx￿ng values'.-
Land
- at historic cost
Buildin9S
- at 1939 valuation with Subsequent additKJns at cost
Equipment
As records are not availab￿ back to 1939 and as a iesult of the passage of time, the 1939
valuation used for buildings is deemed to be cost for the purpose of FRS 102.
The redudion in asset value recorded during the year represents an adjuslment to the cost
arising from VAT that Was previously non-re(J)verable bul became recoverable within the
reporting period.
All Ihe tangible fixed assets are used for dired tharttable purposes.
A5 at 31 August 2025. the School had capital wmmitrnents of £nil12024." £27k}. Last year5 capital
cornmttmenls were in relation lo playground works. with works that commenced during the 24125
financial period.

CHEADLE HULME SCHOOL
Report and Flnanclal Ststements - Year Ended 31 August 2025
NOTES TO THE FINANCIAL STATEMENTS Icontlnued
11.
Il+lVESTMENTS
Historic cost as at 31 August 2024 and 2025
The above investment represents 1000/0 of the issued ordinary share capital of Cheadle Hulme
School Enlerprises Limited. The regISte￿d Offi￿ of Cheadle Hulme School Enterprises Limited
is Claremont Road. Cheadle Hulme. Chead￿, Cheshire SK8 6EF. The principal aclivity being the
lettings of the school premises. As at 31 August 2025, its reserves stood at £161.962 (202&24 -
£183,893) and tts profit for the year was £161,962 {202&24- £183.893).
12.
DEBTORS
2025
£'ooo
2024
£'ooo
School debtors
Prepayments and a¢￿￿ed incon
Amounts owed by associated undertakings
Cheadle Hulme School Bursary Trust Fund
Other debtors
46
370
185
61
351
101
290
64
867
Included within other debtors is net recoverable VAT from HMRC of £801 k (2024.. £nil). This
amunt includes a £531k adjustment to the net tKiok value (NBV) of fixed assets arising from
VAT that is now recoverable over the next 8 years under the ru￿$ of the Capital Goods Scheme.
£270k relale5 to VAT due from HMRC on purchases made during the period and is recoverable
in less than one year.
13.
CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR
2025
£'ooo
2024
£'ooo
Bank loans (note 15)
1.550
200
1.550
1.550
Trade ueditors
School fees in advance (note 17)
Other taxation and Social Security
Other creditors
Accruals
Sundry School pupils, accounts
Cheadle Hulme School Bursary Trust Fund
Pension deficit provision (note 16)
obl￿allOnS under finance leases
827
2,639
293
247
365
671
3,213
255
267
349
216
107
5,152
5,343
35

CHEADLE HULME SCHOOL
Report and Flnanclal Statements - Year Ended 31 August 2025
NOTES TO THE FINANCIAL STATEMENTS Icontlnued
14.
CREDITORS: AMOUNTS FALUNG DUE AFTER MORE THAN ONE YEAR
2025
£'ooo
2024
£'ooo
Bank loans - secured (note 151
School fees paid in advan￿ (note ln
Pension deficit Provision (note 16)
Obligations under finance leases
1,550
1.763
651
133
1.006
1.432
37
2.475
4,097
There are two loans, one is a variable loan of £1 m payable at 1.7°A above SONIA and the
second is £2m at a fixed rale of 3.510/0 Both loans are repayable quartedy in equal instalments
until 2026 and then a lump sum payment of £1.45m.
All loans are secured by a charge over the land and bu1h1￿g5 of the Schwl.
15.
CREDITORS: LOANS
Loans are repayable as foll¢)W5"
2025
£'ooo
2024
£'ooo
In one year or less
Be￿een one and hvo years
Beiween I￿0 and fNe years
1.550
200
200
1.350

CHEADLE HULME SCHOOL
Report and Financial Statements- Year Ended 31 AUg￿t 2025
NOTES TO THE FINANCIAL STATEMENTS Icontlnued
16.
CREDITORS: PENSION DEFIC￿ PROVISION
Included within Creditors due within one year and more than one year is a multFwemployer defined
benefit pension scheme deficit and the estimated employer debt. Following the valuation of the
scheme as at 30 September 2017. the contributions payab￿ by the emph)yer have been
communicaled relating to recovery of the defiat over the 13 years to 31 August 2029. As of the
balance sheel date the estimated discounted employer defictt is detailed below.
2025
£'ooo
2024
£'ooo
Pension deficf( provision as at 1 September 2024
Def￿1t contrFbutions paid
Remeasurement of defined benefrt pension
758
(109)
999
815
(107)
50
Pensron de￿it Provision as at 31 August 2025
758
Less.. amount due within one year
216
107
1,432
651
17.
CREDITORS: DEFERRED INCOME
2025
£'ooo
Al 1 Seplember 2024
Re￿iVed during the year
Less deposits refunded during the year
Released tr) income for the year
Al 31 August 2025
4,976
1.325
(60)
(2,596)
3,645
Deferred income represents school fees paid in advance 8nd fee deposits repayable upon pupils
leaving the School. Deferred income due to be recognised within one year totalled £2.639k and
deferred incnme due lo be recognised in more than one year lotalled £1,006k.
18.
FINANCIAL INSTRUMENTS
2025
£000
2024
£000
Financial assets measured at amrtised cost (a)
Financial liabilities measured at amortised cost (b)
7,619
4.361
2,866
la)
Ib)
Financial assels include cash, trade and fee debtors and other debtors
Finanual liabilities indude deposrts. trade credrtors. other creditors and obligations under
finance leases.
37

CHEADLE HULME SCHOOL
Report and Financial Statements- Year Ended 31 August 2025
NOTES TO THE FINANCIAL STATEMENTS Icontinued
19.
RESTRICTED FUNDS
Balance 1
September 2024
£'ooo
Balance 31
Income Expendlture August 2025
£'ooo
£'ooo
£'ooo
Hardship fund
Biology legacy
MUS￿ and Languages
Fund
Specific studerrt funds
47
37
(12)
(4)
72
332
328
10
10
(5)
15
390
47
21
416
These Teslricted funds relate to funds receNed by the School for use for the purposes stipulated
by the donor.
Hardship fund was ueated to provide financial supp(fft to famil￿ struggling due lo the Coronavirus
pandemic.
Specific Student funds were donations made by individual donors for spe(ar￿ students.
Balance 1
September 2023
£'ooo
Balance 31
Income Expenditure August 2024
£'ooo
£'ooo
£'ooo
Hardship fund
Biology legacy
Music and Languages
Fund
Specific student funds
69
(22)
47
332
332
10
10
80
332
22
390
38

CHEADLE HULME SCHOOL
Report and Flnanclal Ststements - Year Ended 31 August 2025
NOTES TO THE FINANCIAL STATEMENTS Icontinued
20.
UNRESTRICTED FUNDS
Balan¢e 1
September 2024
£'ooo
Balance 31
Income Expenditure August 2025
£'ooo
£'ooo
£'ooo
General
19.590
21,892
21,380
20,102
19.590
21,892
21,380
20,102
There has been no transfers between unrestricted and restricted funds in the period.
Balance 1
September 2023
£'ooo
Balance 31
Income Expenditure August 2024
£'ooo
£'ooo
£'ooo
General
18,986
20,643
20,039
19,590
18,986
20,643
20.039
21.
ANALYSIS OF NET ASSETS BEfwEEN FUNDS
2028
Tanglble
Fixed
Assets
£'ooo
Net Current
Assetsl
(Llabilltles)
£'ooo
416
Long-Temi
liabllitles
£'ooo
2025
Total
£'ooo
416
Restrictsd Funds
Unrestrfcted Funds
20.934
1,643
2.475
20,102
20.934
2,059
2.475
20518
2024
Tangible
Fixed
Assets
£'ooo
Net Current
Assetsl
(Llabllitles)
£'ooo
390
Long-Temi
liabillties
£'ooo
2024
Total
£'ooo
390
Restrlcted Funds
Unrestrlcted Funds
21.195
2,492
4,097
19.590
21.195
2,882
4,097
19.980
39

CHEADLE HULME SCHOOL
Report and Flnanclal Stalements- Year Ended 31 August 2025
NOTES TO THE FINANCIAL STATEMENTS Icontinued
22.
PENSIONS
Teachers. Pension Scheme
The School participales in the Teachers. Pension Scheme (Ihe TPS'} for tts teaching staff. The
pension charge for Ihe year includes Ixintributions payable to the TPS of £2,147k12023-24.'
£1,971 k) and at the year-end £266k (2023-24= £231 k) was accrued in respect of contributions to
this scheme.
The TPS Is an unfunded multFempbyer defined beneffts penS￿n scheme govemed by The
Teachers. Pens￿)nS Regulations 2010 las amended) and The Teachers. PensKJn Scheme
Regulations 2014 (as amended). Members contribLrte on a "pay as you go" basis with
contributions from members and the employer being credited to the Exchequer. Retirement and
other pension beneffts are pabj by public fijnds provided by Padtament.
The employer contribution rate is set by the Secretsry of State folk)wing scheme valuations
undertaken by the Govemment Acluary's Departmenl. The most recent actuarial valuation of the
TPS was prepaTed as at 31 March 2020 and the Valuation Report was published in October 2023.
Following the Mccloud judgemenl, the remedy proposed that when benefits become payable,
eligible members can select to receive them from either the reformed or legacy schemes for the
period 1 April 2015 10 31 March 2022. The actuaries have assumed that members are likely to
choose the option that provides them with Ihe greater benefrts. and in preparing the 2020 valuation
have valued the 'greater value. benefrts for groups of re￿vant members.
The valuation confimied that Ihe employer contribution rale for the TPS have increased from
23.6tr/0 to 28.6% from 1 April 2024. Employers are 8150 required to pay a scheme administration
levy of 0.08% giving a total empk)yer contribution rate of 28.68%.
Independent Schools, Pension Scheme
Cheadle Hulme School participales in The Independenl Schools. Pension Scheme {'the Scheme'l
which has a mutti-employer defined benefit scheme section and a defined contribution section.
The Scheme is contracted-out of the State scheme. Wrth effect from 1 November 2016 all
members of the Independent School, Pension Scheme T￿)Ved from Ihe Defined Benefrt section
to the Defined Contribution section.
As at the balance sheet dale there were no actr4e members of the Defined Benefit Scheme
employe(1 by Cheadle Hulme sch￿1(2023-24. no actNe members). There were 102 (2023-24..
1271 members of the Defined Contrit￿tion Scheme.
During the accounting period ended 31 August 2025 Cheadle Hulme School paid employers
contributions of 10% and 0.6% for lrfe cover in respect of the Defined Contribution Scheme.
The scheme is a mu￿1￿MplOyer scheme which provides benefits to some 51 non•associaled
employers. The scheme is a defined benefft scheme in the UK. 11 is not possible for the company
lo obtain sufficient infomiation lo enable it to accountfor the scheme as a defined benefrt scheme.
Therefore. tt accounts for the scheme as a defined contribution scheme.
40

CHEADLE HULME SCHOOL
Report and Flnanclal Statements - Year Ended 31 August 2026
NOTES TO THE FINANCIAL STATEMENTS Icontlnued
22.
PENSIONS Icontlnued)
The scheme is daSSiF￿ as a 'last-man stand￿g arrangemenv. Therefore. the company is
potenlially liable for other partI￿pating emph)yers' obligations rf those employers are unable to
meet their share of the scheme deficit following bwthdrawal from the scheme. Participating
employers are legalty required to meet their share of the scheme deficit on an annuity purchase
basis on withdrawal from the scheme.
A full actuarial valuation for the scheme was carrEd out wilh an effeclive date of 30 September
2023. This &tuarial valuation was certified on 110ecember 2024 and showed assets of £99.2m,
liabilities of £151.5m and a def5at of £52.3m. To eliminate this funding shortfall, the trustees and
the participating employers have agreed that additional contributions will be paid, in cnmbination
from all employers, to the scheme as follows:
Deficlt ¢ontrlbutlon$
From 1 Seplember 2025 to 31
January 2034..
£6.000.000 per annum
(payable monthly and in(xeasing by 3% on each 1
September)
The Trustee asked the participating empk)yers to pay addilional ￿)ntributIonS to the scheme as
follows..
Deflclt contributions
From 1 September 2022 to 30 June
2032=
£2.687.000 per annum
(payable monthty and increasing by on each 1st
Seplember)
The recovery plan contributions are allocated to each participating employer in line with their
estimated share of the scheme liabilities.
Where the scheme is in deficit and where the company has agre￿ to a deficit funding
arrangement the cornpany ￿cognISeS a liabilty for this obligalion. The amount recognised is the
et present value of the def￿11 reduction contributions payable under the agreement that relates
to the deficit. The present value is calculated using the discount rate detailed in these disclosures.
The unwinding of the discount rate is recognised as a finance ￿sl
The Growth Plan
Cheadle Hulme School also participates in The Growth Ptan which is a multi-employer scheme.
The scheme is a multi-employef scherne which provides benefrts to some 521 non-associated
participating employers. The scheme is a defined benefft Scheme in the UK. It is not possible for
the company to obtain SUffi￿ent information to enab￿ tt to acLount for the scheme as a defined
benefrt scheme. Therefore it accounts for the scheme as a defined contribution scheme.
The scheme is class¢f￿d as a 'last-man standing arrangemenf. Therefore the company is
potentially liable for other participating employers. obligations rf those employers are unable to
meet their share of the scheme deficit following wtlhdrawal from the scheme. Participating
employers are legally required lo meet their share of the scheme deficit on an annuty purchase
basis on withdrawal from Ihe scheme.
41

CHEADLE HULME SCHOOL
Report and Flnanclal Statoments - Year Ended 31 August 2025
NOTES TO THE FINANCIAL STATEMENTS Icontlnued
22.
PENSIONS (continuedl
A full actuarial valuation for the scheme was carried oui at 30 September 2023. This valualion
showed assets of £514.9m, liabililies of £531.Om and a deficit of £16.1 m. To eliminate this funding
shortfall. the Trustee has asked the parbcipating employers to pay additional contributions to Ihe
scheme as folloyts:
Defl¢lt ¢ontrlbutlons
From 1 April 2025 to 31 March 2028..
£2.100,01)O per annum
(payable monthly)
Unless a Concession has been agreed with the Trustee the tetm to 31 March 2028 applies.
The TTUStee asked the participating empk)yers to pay addIt￿n31 contributKins to the scheme as follows..
Deficit contrlbutions
From 1 April 2022 to 31 January 2025=
£3.312.CKIo per annum
Ipayabie monthty)
The recovery plan contribultons are allocated to each participating employer in line wtth their
estimated Sha￿ of the Series 1 and Series 2 scheme liabilities.
Where the scheme is in deficit and where the comparry has agreed to a deficit funding
arrangement the company recognises a liability for this oblKJation. The amount recognised is the
nel present value of the deficit reduction contributions payable under Ihe agreement that relates
to the deficit. The present value is calculated using the discount rate deLqiW in these disclosures.
The unwinding of the discount rate is recognised as a finan￿ cost.
23.
POST BALANCE SHEET EVENTS
On 1S1 Oclober 2025, the Company established a new defined contribution pension scheme with
APTIS for those members of teaching stsff who choose to move from The TPS (The Teachers
Pension Scheme). As this event ¢xcuThed after Ihe reporting date. no adjustments have been
made to the financial statements for the year ended 31 August 2025.
24.
RELATED PARTY TRANSACTIONS
Induded within creditors within one year is an aff￿unt of £6.940 (2023-24: £289,537 included in
debtors within one year) held by Cheadle Hulme School on behalf of Cheadte Hulme School
Bursary Trust (formerty known as the 150th Anniversary Bursary Trust). Dr D N Riley. Mr S
Abraham and Ms B Walmsley are trustees of chead￿ Hulme School Bursary Trust. During the
year. Cheadle Hulme School Bursary Trust granted bu￿ary money to Cheadle Hulme School
amounting lo £241,500 (2023-24= £183.000).
Included within debtors within one year is an amount of £184,954 (202>24.. £101,398) held by
Cheadle Hulme School Enterprises Ltd on behalf of Cheadle Hulme School. During the year,
Cheadle Hulme School Enlerprises Ltd paKI Cheadle Hulme School £51.296 in respect of staff
salaries and £21.000 in respect of management charges (202&24.' £46,359).
A number of directors al the Sch¢Jol have chiklren enrolled at the school during the year. The
children attend the school on the same te￿S as the other pupils.
42

CHEADLE HULME SCHOOL
Report and Flnanclal Statements - Year Ended 31 August 2025
NOTES TO THE FINANCIAL STATEMENTS Icontlnued
25.
OPERATING LEASE COMMITMEKrs
Al 31 August 2025 the Schwl had no annual commrtment5 under non-call￿118ble
operating leases.
43

CHEADLE HULME SCHOOL
Report and Financlal Statements - Year Ended 31 August 2025
NOTES TO THE FINANCIAL STATEMENTS Icontinued
26.
PRIOR YEAR STATEMENT OF FINANCIAL AcTI￿lEs
Unrestricted
Funds
Restricted
Funds
Total
2024
Note
INCOME
£'ooo
£'ooo
£'ooo
Income from".
Donations and lega￿eS
263
332
595
Inveslmenls
341
Ancillary trading income
Charitable activilÉes
1.408
1,408
Total Income
32
EXPENDITURE
Charitable activities
Total Expenditure
22
Net School Income forthe year
before transfers
310
914
Transfers befv￿en funds
19
Nel movement in funds
604
310
914
Total funds broughl foTward
Tolal funds carried fO￿ard
21
390