CRANLEIGH
FOUNDATION
CRANLEIGH FOUNDATION
A COMPANY LIMITED BY GUARANTEE
REGISTERED NUMBER 6452540
CHARITY NUMBER 1122918
ANNUAL REPORT AND ACCOUNTS 31 JULY 2021

Cranleigh Foundation Trustees Report 2021
CRANLEIGH FOUNDATION
ANNUAL REPORT AND ACCOUNTS 2021
TRUSTEES, OFFICERS AND ADVISORS
The Trustees of Cranleigh Foundation
M J Meyer (Chairman)
Mrs M C Allison lappoinled 7 September 20201
A S Cronk
C Dellière
Mrs B Graham-Rack
A J Lajtha
N P Smith
S Watkinson (resigned 29 April 20211
G J Williams
The Officgrs of Cranlelgh Foundation
Foundation Officer..
Company Secretary..
Mrs C J Lock
P T Roberts MBE DChA
The Address of Cranlgigh Foundatlon
Cranleigh Foundation
Cranleigh School
Horseshoe Lane
Cranleigh
Surrey
GU6 8QQ
Website www.cranleigh.org

Cranleigh Foundation Trustees Report 2021
Advisors
Bankeryts
Handelsbanken
Andrews House
College Road
Guildford
GU14RG
Solicitors
Veale Wasbrough Vizards
Orchard Court
Orchard Lane
Bristol,
BS1 5WS
Auditors
Crowe U K. LLP
55 Ludgate Hill
London
EC4M 7JW
Investment Advisors
CCLA
Senator House
85 Queen Victoria Street
London EC4V 4ET

Cranleigh Foundation Trustees Report 2021
CRANLEIGH FOLINDATION
ANNUAL REPORT OF THE CRANLEIGH FOUNDATION TRUSTEES
FOR THE YEAR ENDED 31ST JULY 2021
The Cranleigh Foundation Trustees present the annual report for the year ended 31sI July 2021 under
the Charities Acts 2011 and the Companies Act 2006, together with the audited accounts for the year.
The Trustees confirm that the accounts comply with the requirements of the Acts, the Memorandum
and Arbcles of Association and Ihe Charities SORP 2015. and Finanaal Reporting Standard 102 ( FRS"
102).
REFERENCE AND ADMINISTRATIVE INFORMATION
Cranleigh Foundation (the Foundalionl was incorporated on 13th De￿mber 2007. registered as
Charity under charity number 1122918 on 21* February 2008 and began operational activilies al the
start of 2008. The Foundation is a private company limited by guarantee and registered under the
Companies Act, number 06452540. The Trustees of the Foundation, and those who acted during the
year, are listed on page 1 together with details of the Charity's key staff and professional advisers.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Docum¢nt
The Foundation is governed by Memorandum of Association and Articles of Association dated 131h
De￿rnber 2007.
Recruitrnent and Appolntment of Trustees
Foundatson Trustees are appointed at meetings of the Board of Trustees on the basis of nominations
received from the Governing Body of Cranleigh School Ilhe School) and other Trustees and those
involved with Cranleigh Foundation, taking account of their experience, professional qualifications.
skills, local knowledge and availability. The induction of new trustees is overseen by the Chairman and
organised by the Headmaster of the School and Company Secretary. The Headmaster and Company
Secretsry brief new Iruslees on the objects, structure and working practices ofthe Foundation. Trustees
are registered with Companies House and the Charity CommisS￿n and undergo checks in accordance
with recruiting procedures. This includes compliance with Safeguarding Children regulations. Trustees
are covered for limited liability by the School's insurance.
Structure and Risk Management
The Trustees meet al least once each year. Meetings are arranged well in advance and Trustees are
asked to provide items for discussion al meeb'ngs. Minutes of meetings a￿ taken.
The Trustees are sab"sfied that the major risks have been identified and controls put in place lo
adequately manage risk. It is recognised that systems can provide reasonable but not absolute
a55urance that major risks are being managed.
The Charity's governance complies with the Code for the Voluntary and Community Sector. endorsed
by the Charity Commission and other best-practice guidelines published by the Charity Commis510ri.
OBJECTIVES AND ACTIVITIES
The Foundation's object is lo promote and advance any charitable purpose directly connected with
Cranleigh S¢hool and in the event that the School ceases lo exist to Pfomote other educational
charitable purposes for the benefit of the community. The Trustees have regard lo the guidance
promulgated by the Charity Commission in respect of the provision of public benefit. The Trustees are
aware of the Charities Acls, particularly the 2011 Act, and the responsibility that these Acts place on
the Foundation and Trustees.

Cranleigh Foundation Trustees Report 2021
The funds raised for, and donated to, Cranlei9h Foundation are building an endowment which has the
primary purpose of providing financial support to Foundalioner pupils. The Foundation seeks to provide
a stable boarding education forchildren who have a significant pastoral need, such as losing the support
of one or both parents through exceptional or tragic circumstances. The Foundation is grateful for the
generosity of parents, Old Cranleighans, friends of the School and corporate sponsors.
Reserves Level and Policy
The Founcfalion reserves policy is to maintain funds lo estsblish an endowment whilst incurring as few
costs as possible until active fund-raising re-commences. The Founc5alion retained £1.897k of
unreslricled funds al yearond and incurred costs of £32k during the year. In view of this the FoUndat￿n
has been relatively unaffected by Covid-19 given the policy of limited fund-raising together with a small
cost base. The Trustees consider that the level of income and expenditure creates sufficient, and
significant, reserves lo meet future, post Covid-19. commilmenls.
The bulk of Cranleigh Found81ion's funds are unreslricled. There is £87k of funds restricted lo specific
building or bursary projects designated within the Foundation's charitable objects.
Principal Rlsks aTrd Uncertaintles
Cranleigh Foundation Trustees are responsible for the management of the risks faced by the
Foundats'on. The generic controls used by the Charity to minimise risks include..
formal agendas fr)r Committee and Board aclivily,.
fomial strategie planning, reviewed annualty,"
comprehensive budgeting and management a¢¢ounling'.
established organisational structures and lines of reporting.,
compliance wlh regulats'ons that apply to the running of a charity.,
declaration of conflicts of interest. renewed at each Tneeting.
The Trustees believe that risks have been mitigated. Currently, Foundation activity is limited after a
peTiod of more intense activity up to 2014. There may be heightened risk once Cranleigh School re-
commences pro-active fund-raising activity and it should be noted that plans in this area have been
affected by the Covid-19 pandemic.
CCLA provide investment management advice and Foundation funds are invested with CCLA.
Investment risk is spread through the selection of the CCLA COIF Charities Investment Fund which
invests broadly so as to spread risk.
FUTURE PLANS
The Foundation Trustees reviewed the strategic direction of the Foundation in April 2017. It was
concluded that the Foundation's plans are to..
take ownership of Foundation funds and invest the funds prudently for the future.,
provide for a Foundationer programme with kn pupils per year normally from years 7 - 13
which includes a review of the Foundalioner selection process and the Success of the
programme.,
provide a vision and venue for a long term endowment fund.
Significant funds have boen raised by the Foundation Sin￿ 2008 which have been used to good effect
for the Foundationer programme and lo assist the School in funding new facilities. There has been
little fund raising activity again this year with the focus continuing lo be on gathering information, within
GDPR data protection regulations, in order to build a data base to assist future fund-raising initiatives.
The Head of Cranleigh Giving lakes responsibility for fund rai$ing across the School with a proportion
of funds raised allocated to the Foundation so that il is able to meet its objects and tasks. CCLA were
appointed In late 2017. following a formal tender process, to manage the Foundation's funds. Al 31.
July 2021 £1,663k was invested with CCLA, making up the bulk of Foundation assets.

Cranleigh Foundation Trustees Report 2021
REVIEW OF ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR
The Foundation received £365k12020.' £355kl from donations and inveslmenl income during the year
and with fund-raising events lolal income for the year was £371 k 12020.. £374kl. The Foundation
receives generous donations from current Cranleigh School parents. The main fund raising event of the
Christmas fair, usually held al Cranleigh Prep School in November, was successfully held virtually due
lo Covid. The Trustees 8Uthorised charitable donations during the year of £31k 12020.. £27kl lo
Cranleigh School.
FINANCIAL REVIEW
The Foundation had restricted reserves of £87k and unreslrieted reserves of £1.897k12020". £87k and
£1,381k respectively) al the end of the year. This is sufficient lo meet existing commitments during the
next year. The Foundation had no fundraising activities requiring disclosure under S162A of the
Charities Act 2011. The Trustees consider that the Foundation'5 financial position, with funds of £2.Om
at the point of signing and commitments of1ess than £1 Ok pa, repre$enls a financial 'going-concern' for
the foreseeable future and al a minimum period of hvelve months.
ACCOUNTING AND REPORTING RESPONSIBILITIES
The Trustees are responsib￿ for the preparation of the Trustees, Report 8nd the financial statements
in accordance with applicable law and regulation5. Company law requires trustees to prepare financial
Statements for each financial year in accordance with United lfjngdom Generally Accepted Accounting
Practice (United Kyngdom Accounting Standards) and applicable law. Under company law trustees
musl not approve the financial statements unless they are satisfied that they give a true and fair view
of the stale of affairs of the charitable company and ol its net incoming or outgoing resources for that
period. In preparing these financial stalemenls, the Trustees are required to..
select suitable accounting policies and then apply them consistently.,
make judgments and eslimales that are reasonable and prudent..
slate whether applicable accounting standards have been followed, subject lo any material
departures disclosed and explained in the financial $talemenls'.
prepare the financial statements on the going Concern basis unless it is inappropriate lo presume
that the charity WISE continue to operate.
The Trustees are responsible loi keeping proper 8c¢ounting records that are sufficient to show and
explain the charitable company's transactions and disclose with reasonable accuracy at any lime the
financial position of the charity. These records must enable the TTUStees to ensure that the financial
statements comply with the Companies Aet 2006. The Trustees are also responsible for safeguarding
the assets of the charity and hence for taking reasonable steps for the prevention and detectson of fraud
and other irregular5ties.
Insofar as each of the members of the Board of Trustees al the date of approval of this report is awaTe
there is no relevant audit information linformalion needed by the Charity's Auditors in connection with
preparing the audit report) of which the Charity's Auditors are unaware. Each member of the Board of
Trustees has taken all of the steps that he or she should have taken as a member of the Board of
Trustees in order lo make himself or herself aware of the relevant audit information and to establish that
the Charity'5 auditors are aware of that informatson.
Approved by the Foundation Board of Trustees on 18 2021 and signed on its behalf by..
MJMey
Ichaimianl

Independent Auditor's Report to the Members of Cranleigh Foundation
Opinion
We have audited the financial statements of Cranleigh Foundation I'lhe charitable company'l for the Year ended
31 July 2021 which comprise Slalement of Financial Aclivilies, Balance Sheet and notes to the financial
ststements, including significant accounting policies. The financial reporting framework that has been applied
in their preparation is applicable law and United Kingdom Accounting Slandards. including Financial Reporting
Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom
Generally Accepted Accounting Practice).
In our opinion the fi'nancial slalemenls..
give a true and fair view of the slate of the charitable company's affairs as at 31 July 2021 and of its income
and expenditure, for the 31 July 2021 then ended..
have been properly prepared in accordance with United Kingdom Generally Accepted A¢¢ounling Practice;
and
have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable
law. Our responsibilities under those standards are further described in the Auditor's responsibilities forthe audit
of the financial slalemenls section of our report. We are independent of the charitable company in accordance
with the ethical requirements that are relevant lo our audit of the financial slalements in the UK. including the
FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance with these
requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a
basis for our opinion.
Conclusions relating to going con¢grn
In auditing the financial statements, we have concluded that the trustees, use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating lo events or
conditions that, individually or collecb"vely, may cast significant doubt on the charitable company'5 ability to
continue as a going concern for a period of al least fvlelve months from when the financial statements are
aulhorised for Issue.
Our responsibilities and the responsibilities of the trustees with respect lo going concern are de$cribed in the
relevant sections of this report.
Other infomiation
The Iruslees are responsible for the other information contained within the annual report The other information
comprises the information included in the annual report. other than the financial slalements and our auditor'$
report thereon. Our opinion on the financial statements does not cover the other information and, except to the
extent otherwise explicitly staled in our report, we do not express any form of assurance conclusion thereon.
Our responsibility is to read the other information and, in doing so. consider whether the other information Is
materially inconsistent with the financial Statements or our knowledge obtained in the audit or olhetwise appears
to be materially misstated. If we identify such material inconsistencies or apparent material misslatemenls, we
are required to determine whether this gives rise to 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 information, we are required lo report that fact.
We have nothing to report in this regard.

Opinlons on other matters prescribed by the Companies Act 2006
In our opinion based on the work undertaken in the course of our audit
the information given in the trustees, report. which includes the directors, report prepared for the purposes
of company law, for the financial year for which the financial slalements are prepared is consistent with the
financial statements., and
the directors, report included wlhin the Iruslees, report have been prepared in accordance with applicable
legal requirements.
Matters on which we are required to report by exception
In light of the knowledge and understanding of the charitable company and their environment obtained in the
course of the audit, we have not identified material misstatements in the directors, report included within the
trustees, report.
We have nothing lo reF)Ort in respect of the lollowing matters in relation to which the Companies Act 2006
requires us lo report to you if. in our opinion..
adequate and proper aceountsng records have not been kept., or
the financial stslements are not in agreement with the accounting records and returns,. or
certain disclosures of trustees, remuneration specified by law are not made., or
we have not received all the information and explanations we require for our audit.
Responsibilities of trustees
As explained more fully in the Iruslees, responsibilities statement Iset out on page 51. the trvstees (who are also
the directors of the charitable company for the purposes of company lawl are responsible for the preparation of
the financial statements and for being satisfied that they give a true and fair view, and for such internal eontrol
as the Iruslees determine is necessary lo enable the preparation of financial statements that are f￿e from
material misstatement, whether due to fmud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability
lo continue as a going concern, disclosing, as applicable, matter5 related lo going concern and using the going
concern basis of accounting unless the trustees either intend to liquidate the charitable company or lo cease
operations, or have no realistic alternative but lo do so.
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misslalement, whether due lo fraud or error, and lo issue an auditor's report that includes our
opinion. Reasonable assurance is a high level of as5uran¢e, but is not a guarantee that an audit conducted in
accordance wlh ISAS IUKI will always detect a material rnisslatemenl when il exists. Misstatements Can arise
from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be
expected lo influence the economic decisions of users taken on the basis of these financial slalements.
Details of the extent to which the audit was considered capable of detecting irregularities. including fraud and
non-compliance with law5 and regulations are set out below.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website al.. www.frc.or
.uk18uditor
res
onsibililies. This description forms part of our
auditor's report.
Extent to whlch the audit was consldered Capable of dgtgctlng Sfregularitles. Includlng fraud
Irregularities, including fraud, are instance5 of rson-compliance with laws and regulallons. We identified and
assessed the risks of material misslalemenl of the financial statements from irregularities, whether due lo fraud
or error. and discussed these between our audit team members. We then designed and performed audit
procedures responsive to those risks, including obtaining audit evidence sufficient and appropriate to provide a
basis for our opinion.
We obtained an understanding of the legal and regulatory frameworks within which the charitable company
operates, focusing on those laws and regulations that have a direct effect on the determination ol material
amounts and disclosures in the financial statements. The laws and regulations we considered In this context
were the Companies Act 2006, the Charities Act 2011 together with the Charities SORP IFRS 1021. We
assessed the required compliance with these laws and regulations as part of our audit procedures on the related
financial statement items.

In addition, we considered provisions of other laws and regulations that do not have a direct effe¢l on the
financial slalements but compliance with which might be fundamental to the charitable company's ability lo
operate or lo avoid a material penalty. We also considered the opportunities and incentives that may exist within
the Charitable company for fraud. The laws and regulations we considered in this context for the UK operations
were General Data Protecb'on Regulation IGDPRI and Taxation legislation.
Auditing standards limit the required audit procedures to identify non-¢omplian¢e with these laws and
regulations to enquiry of the Trustees and other management and inspection of regulatory and legal
correspondence, if any.
We identified the greatest risk of material impact on the financial statements from irregularities, including fraud,
to be within the liming of recognition of income and the override of controls by management. Our audit
prO￿dureS lo respond to these risks induded enquifies of management, the Finance Committee about their
own identification and assessment ol the risks of irregularities, sample lesling on the posting of journals.
analytical review and sample lesling of income, reviewing accounting eslimales for biases, reviewing regulatory
correspondence with the Charity Commission, and reading minutss of meetings of those charged with
govemance.
Owing to the inherent limitations of an audit, there is an unavoidable risk Ihal we may not have detected some
material misstatements in the financial statements, even though we have properly planned and performed our
audit in accordance with auditing stsndards. For example, the further removed non-compliance with laws and
regulations lirregulariliesl is from the events and transactions reflected in the financial slatemenls, the less likely
the Inhe￿￿trY limited procedures required by auditing standards would identify it. In addition, as with any audit,
there remained a higher risk of non-deleclion of iriegularilies, as these may involve collusion. forgery, intentional
omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-
compliance and cannot be expected lo detect non-complian￿ with all laws and regulations.
Use of our report
This report is made solely to the charbtable company's members, as a body, in accordance with Chapter 3 of
Part 16 of the Companies A¢1 2006. Our audit work has been undertaken so that we might state lo the charitable
company's members those matters we are required to slate to them in an auditor's report and for no other
purpose. To the fullest extent permitted by law, we do not accept or assume responsibility lo anyone other than
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 formed.
Nicola May
Senior Slatulory Auditor
For and on behalf of
Crowe U.K. LLP
Statutory Auditor
London
Dale.. 20th December 2021

CRANLEIGH FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
Ilncorporaling an Income and Expenditure Accounti
FOR THE YEAR ENDED 31 JULY 2021
Unrestricted
Funds
£'ooo
Restricted
Funds
£'ooo
Note
2021
£'ooo
2020
£'ooo
INCOME FROM:
Investment income
31
31
27
Donatlonsllegacies
334
334
328
Fundraising gvents
19
Total
371
371
374
EXPENDITURE ON:
Raising funds
Charitable activities
31
31
34
Total
32
32
38
NET INCOME BEFORE TRANSFERS AND
INVESTMENT GAINS
339
339
336
Gainsl{losses) on Investments
177
177
NET INCOME
516
516
343
Transfer betwgen funds
NET MOVEMENT IN FUNDS
516
516
343
Balances brought forward at 1 August 2020
1.381
87
1,468
1,125
BALANCES CARRIED FORWARD 31 JULY 2021
1,897
87
1,984
1.468

CRANLEIGH FOUNDATION
BALANCE SHEET AS AT 31 JULY 2021
Note
2021
£'ooo
2020
£'ooo
NON CURRENT ASSESTS
Investments
1,663
CURRENT ASSETS
Cash- at bank
330
495
1,993
1,481
CREDITORS - Due within one year
191
{13}
NET ASSETS
1,984
1,468
RESTRICTED FUNDS
87
87
UNRESTRICTED FUNDS
1,897
1,381
TOTAL FUNDS
1,984
1.468
Approved and authorised for issue by the Trusteos on I%Noyemb•r 2021
and signed on their behalf by
MJMe
hairmanl
The notes on pages 11-14 form part of these accounts
10

CRANLEIGH FOUNDATION
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2021
ACCOUNTING POLICIES
The accounts (financial statements) have been prepared in accordance with the Charities SORP IFRS1021
applicable to charities preparing their accounts in accordance with FRS102 the Financial Reporting Standard
applicable in the UK and Republic of Ireland and the Charities Act 2011 and UK Generally Accepted Practice
as il applies from 1 January 2015.
Cranleigh Foundation meets the definition of a public benefit entity under FRS 102.
Assets and liabilities are initially recognised al historical cost or transaction value unless otherwise slated in the
relevant accounting policy notelsl.
The Foundation's Reserves policy has been relatively unaffected by Covid-19 given the policy of limited fund-
raising together with a small cost base.The Trustees Consider that the level of income and expenditure creates
sufficient and significant, reserves lo meet future post Covid-19, committmenls and continues as a going
concern.
1.1 Critical accountlng Judgements and key sources of estimation uncertainty
In the application of the charity's accounting policies, trustees are required lo make judgements, eslimales,
assumptions about the carrying values of assets and liabili11es that are not ￿3￿llY apparent from other sources.
The eslirnales and underlyin9 assumptions are based on historical experience and other factors that are
considered to be relevant. Actual results may differ from these estimates.
The eslimales and underlying 8ssumplions are reviewed on an on-golng basis. Revision5 to accounting
estimates are recognised in the period in which the estimate is revised if the revision affeds only that period or
In the period of the revision and future periods if the revision affects the current and future periods.
In the view of the trustees, no assumptions concerning the future or estimation uncertainty affecting assets and
liabilities at the balance sheet dale are likely to result in a material adjustment to their carrying amounts in the
next financial year.
1.2 Income
Income is included in the Slalemenl of Financial Activities when the charity is legally entitled to the income, the
amount can be quantified with reasonable accuracy arbd the likelihood of roceipl of the income is probable.
1.3 Expenditure
Expenditure is recognised once there is a legal or conslrijclive obligation to make a payment lo a third party, it
is probable that selllernent wll be required and the amount of the obligation can be measured reliably.
Support costs are those functions that assist the work of the charity bul do not directly undertake charitable
activities. Support costs include back office costs. finance, personnel, payroll and governance costs which
support the charity's educational operations and a¢lNilies.
1.4 Funds Structu
Reslricled funds afe funds to be used in a¢¢ordan¢e with the specific restrictions imposed by the donors or for
the specific purposes specified when requesting donations.
Unreslricled funds comprise Ihose funds which the trustees are free lo use for any purpose in furtherance of
the charitable objects.

CRANLEIGH FOUNDATION
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2021
1.5 Taxation
The Foundation. as a registered charty. is able to lake advantage of the lax exemptions available lo charities.
Accordingly, there is no corporation lax payable on the nel incoming resources.
1.6 Cash flow
The Foundation, as a registered charity and subsidiary of a group which prepares publically available
consolidated fr'nancial slalemenls, is able lo take advantage of the cash flow exemption.
1.7 Investments
Listed investments are valued at market value as al balance sheet date. Unrealised gains and losses arising
on the revaluation of investments are credited or charged to the Statement of Financial Activities, allocated lo
the appropriate Fund according to the ownership" of the underlying assets.
EXPENDITURE
2021
£'ooo
2020
£'ooo
Raising funds
Fundraising events
Charitable a¢tivities
Donalions to Cranleigh School
Support costs and governance
31
27
31
34
Total
32
38
None of the Trustees have been paid any rgmuneralion.
No Trustee expenses have been incurred.
3. INVESTMENTS
2021
£'ooo
2020
£'ooo
Balance at 1 August 2020
Additions
Disposals
Gain I Ilossl on investments
Balance al 31 July 2021
986
500
779
200
177
1,663
Investments are all held within listed investments al 31 July 2021
4. CREDITORS
2021
£'ooo
2020
£'ooo
Accruals
Deferred Income
Ideposils held for 2021 Christmas Fundraiser)
13
12

CRANLEIGH FOUNDATION
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2021
Balance
01108120
£'ooo
22
65
87
Balance
31107121
£'ooo
22
65
87
5. STATEMENT OF FUNDS
Income Expenditure Gainslllossesl Transfer8
£'ooo
£'ooo
£'ooo
£'ooo
Loveday Scholarship Fund
Other
Total Restricted Funds
Totsl Unrestricted Funds
1,381
371
132)
177
1,897
Total Funds
1,468
371
132)
177
1,984
Allocation of Net Assets to Funds
£1.663k of Ihe funds are held as non current assets with the balance as current.
Balance
01108119
£'ooo
22
65
87
Balance
31107120
£'ooo
22
65
87
6. COMPARATIVE STATEMENT
OF FUNDS
Loveday Scholarship Fund
Other
Total Restricted Funds
Income Expenditure Gainslllossesl Transfers
£'ooo
£'ooo
£'ooo
£'ooo
Total Unrestricted Funds
7,038
374
1381
1,381
Total Funds
1,125
374
1381
1,468
Total
Current
Current
Liabilities Net Assets
£000
£'ooo
7. ALLOCATION OF NET ASSETS
Non Current
Assets
£'ooo
Current
Assets
£'i)00
The net assets held for the various funds..
Restricted ReseNes
General Reserves
87
243
87
1,897
1.663
19)
Total Reserves as at 31 July 2021
1,663
330
191
1,984
Total
Current
Current
Currant
Assets Liabilities Net Assets
£'ooo
£'ooo
£'ooo
COMPARATIVE ALLOCATION OF NET ASSETS
Non Current
Asselg
£'ooo
The net assets as at 31 July 2020 as held for the
various funds..
Restricted Resetves
General Reserves
87
408
87
1,381
986
113}
Total Reserves
495
1131
q,468
PARENT ENTITY
The charitable company is a wholly owned subsidiary of Cranleigh School, a charitable company incorporated
in England. Copies of the annual accounts of Cranleigh School are available from the Company Secretary,
Cranleigh School . Cranleigh, Surrey. GU6 8QQ
13

CRANLEIGH FOUNDATION
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2021
10. RELATED PARTY TRANSACTIONS
There have been no related party transactions that require disclosure.
11. CHARITY INFORMATION
The charity is a private company (registe￿d number 64525401 by guarantee, which is incorporated and
domiciled in the UK and is a public benefit entity. The address of the registered office is Cranleigh School,
Horseshoe Lane. Cranleigh, Surrey GU6 8QQ.
12. FINANCIAL INSTRUMENTS
The charity has financial assets and financial liabilrties of a kind that qualify as basic financial instruments.
Basic financial inslrurnenls are Initially recognised al transaction value and subsequently measured at
amortised cost using the effective interest method. Financial assets held al amortised cost comprise cash and
bank and in hand, together with trade and other debtors. Financial liabilities held al amortised cost comprise
bank loans and overdrafts, trade and other creditors.
At the balance sheet dale the charity held financial assets al amortised cost of £330k {2020'. £495kl. Financial
as5els al fair value through income or expenditure of £1.663k (2020.. £986kl and Financial liabilities al
amortised cost of £9k12020". £13k)
13. COMMITMENTS
There are no capital and revenue commitments other than those items recognised as liabilities in the financial
statements
14. STATEMENT OF FINANCIAL ACTIVITIES - COMPARATIVE FIGURES
Unrestricted
Funds
£'ooo
Restricted
Funds
£'ooo
2020
£'ooo
INCOME FROM..
Investment income
Donalionsllegacies
Fundraising events
27
328
19
27
328
19
Total
374
374
EXPENDITURE ON:
Raising funds
Charitable activities
34
34
Total
38
38
NET INCOME
336
336
Gainslllo$sesl on investments
Transfer between funds
NET MOVEMENT IN FUNDS
Balances brought forward al 1 August 2019
BALANCES CARRIED FORWARD 31 JULY 2020
343
1,038
1,381
343
1,125
1,468
87
87
14