CRANLEIGH
FOUNDATION
CRANLEIGH FOUNDATION
A COMPANY LIMITED BY GUARANTEE
REGISTERED NUMBER 6452540
CHARITY NUMBER 1122918
ANNUAL REPORT AND ACCOUNTS 31 JULY 2023

Cranle¢gh Foundation Trustees Report 2023
CRANLEIGH FOUNDATION
ANNUAL REPORT AND ACCOUNTS 2023
TRUSTEES. OFFICERS AND ADVISORS
The Trustees of Cranleigh Foundation
M J Meyer (Chairman}
Mrs M C Alison
A S Cronk
C Dellière
Mrs 8 Graham-Rack
A J Lajtha
NPSmith
G J Williams
The Officers of Cranleigh Foundatlon
Foundakn'on Officer.
Company Secretary".
Ms S L Greenw¢￿1
P T Roberts MBE DChA
The Address of Cranleigh Foundation
Cranleigh Foundation
Cranleigh School
Horseshoe Lane
Conleigh
Surrey
GU6 8QQ
Website wvrn.cranleigh.org
AdvSsoTS
Bankers
Handelsbanken
Andrews House
Colle9e Road
Guildford
GU14RG
Sollcltors
Veale Wasbrough Vizards
Orchard Court
Orchard Lane
Bristol
8S1 5WS
Auditors
Crowe UK LLP
55 Lud9ale Hill
London
EC4M 7JW
Investmgnt Advisors CCLA
Senator House
85 Queen Victoria Street
London
EC4V 4ET

Cranleigh Foundation Trustees Report 2023
CRANLEIGH FOUNDATION
ANNUAL REPORT OF THE CRANLEIGH FOUNDATION TRUSTEES
ST
FOR THE YEAR ENDED 31 JULY 2023
The Cranleigh Foundation Trustees present the annual report for the year ended 315t July 2023 under
the Charities Acts 2011 and the Companies Act 2006. together with the audited acccunls for the year.
The Truste￿ confirm that the accounts (￿mplY with the r￿uIreMents of the Acts, the Memorandum
and Articles ofAssociation and the Charfaes SORP 2015. and Finan&al ReFN)rting Standard 102 fFRS"
1021.
REFERENCE AND ADMINISTRATIVE INFORMATION
Cranleigh Foundation (the Foundation) vras incorporated on 13th Decemlw 2007. registered as a
Charity under charity number 1122918 on 21* February 2008 and began operational actTwties at the
start of 2008. The Foundation is a private company limited by guarantee and registered under the
Companies Ac( number 06452540. The Trustees of the Foundation, and those who acted during the
year, are listed on page 1 together wtth details of the Charivs key stsff and professional advisers.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
The Foundation is govemed by Memorandum of Assocration and Artic￿$ of Association dated 13
December 2007.
Recruitment and Appointment of Trustees
Foundation Trustees are appointed aT meetings of the 8oard of Trustees on the basis of nominations
receNed from the Governing Body of Cranleigh School (the Schi)oll and other Trustees and those
involved with Cran5eigh Foundation, taknng account of their experience, professional qualifications,
skills. local knowledge and availaoility. The induction of new tnjstees is overseen by the Chairman and
organised by the Headmaster of the School and Company Secretary. The Headmaster and Cornpany
Secretary brief new trustees on the objects. stsucture and worknng practices of the Foundation. Trusteès
are registered with Companies House and the Charity Commission and undergo checks in accordance
with recruiTing procedures. This indudes compliance with Safeguarding Children regulations. Trustees
are covered for Ilmited liability by the School's insurance.
structure and Risk Management
The Trustees meet at least On￿ each year. Meetings are arranged well in advance and Trustees are
asked to provide ttems for discussion at rneetings. Minutes of meetings are taken.
The Trustees are satisfied that the major risks have b￿n identified and controls put in place to
adequately manage risk. It is recognised that systems c2n provide reasonable but not absolute
assuranrE that major risks ar9 being managed.
The Charity's governanTr complies with the Code for the Voluntary and Community Sector, endorsed
by the Charity Commission and other best-practic£ guidelines published by the Chartty Cornrnission.
OBJECTIVES AND ACTNrriES
The Foundatson's object is to promote and advance any charitable pury)ose directty connected wf(h
Cranleigh School and in the event that the Schoo5 ceases lo exist lo promote other educational
Charitable purposes for the benefit of the community. The Trustees have regard lo the guidan
promulgated by the Charity Commission in respect of the provision of public benefit The Tnjstees are

Cranleigh Foundation Trusiees Report 2023
aware of the Chartties Acts, particularty the 2011 Ac( and the responsibility that ihese Acts place on
the Foundation and Trustees.
The funds raised for, and donated TO, Cranleigh Foundation are building an endowment which has the
primary purpose of providing financial support to Foundationer pupils. The Foundation seeks to provide
a stable boarding education forchildren who have a signfficant pastoral need, such as losing the support
of one or both parents through exception21 or tragic Clrcumstsn￿s. The Foundauon is grateful foT the
generosty of parents. 0Sd Cranleighans, friends of the School and corporate sponsors.
Reserves Level and Policy
The Foundation reserves policy is to maintain funds to establish an endowment whilst incurring as few
costs as possible until athe fund-raising re-commencés. The Foundation retained £3,496k of
unrestricted funds at year-end and incurred costs of £101 k during the year. The Trustees consider that
the level of income and expenditure creates sufficient, and signfficant. reserves to meet future
commitments.
The bulk of CTanleigh Foundation's funds a￿ unrestricted. There is £87k of funds restricted to speciffc
building or bursary projert5 designated within the Foundation's charttable objeGts.
Principal Risks and Uncertainties
Cranleigh Foundation Trusiees are responsible for the Tnanagement of the risks faced by the
Foundation. The generic controls used by the Challty to minimise risks include..
formal agendas for Committee and Board activrty.
formal strategic planning, reviewed annualtr,
comprehensive budgeting and management accounting-,
established organiaational structures and lines of reporbng-
compliance wtth regulations that apply to the running of a chanty.
declaration of confiicis of interest. renewed at each meeting.
The Trustees believe that risks have been mtbgated. CuTrenly. Foundation activty is limited after a
period of more intense activity up lo 2014. however fund-raising events raised £25k.The Sutnmer Ba51,
which is a fund-raising evenL was held in 2022 and takes place every 3 years.
CCLA provide investrnent management ad￿ce and Foundation fvnds are invested with CCLA.
Investment ris& is spread through the selection of the CCLA COIF Charities Investrnent Fund N%thich
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 prudenly for the future,.
provide for a Foundalioner prtwramme with I￿0 pupils per year normally from years 7- 13
which includes a review of the Foundats"oner selection process and the success of the
progmmme..
provide a vision and venue for a long-ten7) endowment fund.
Signfficantfunds have been raised by the Foundation since 2008 which have been used to good effect
for the Foundationer programme and to assist the School in fvnding new facilities. Fund-raising activity
was limited to the annual Christmas fair, however the focus continues lo be on gathering information,
within GDPR data protection regulations, in order to build a data base to assist future fund-raising
inFbatives. There is not currenuy a ￿nd-raISing strategy and in the medium temi the School will be

Cranleigh Foundation Trusiees Report 2023
appointing a Development Director in this important area to take responsibility for fund-raising across
the School wth a proportion of funds raised allor21ed to the Foundauon so that it is able to meet its
objects and tasks. CCLA were appointed in late 2017. following a formal tender proc￿, to manage
the Foundation's funds. At 31st ju￿ 2023 £3,224k was invested with CCL& maiong up ihè bulk of
Foundation assets.
REVIEW OF ACHIEVEMENTS AND PERFORMANCE FOR THE YEAR
The Foundation received £372k12022= £1.299kl from donations and investrnent in(￿rne during the year
and with fund-raising events lolal income for the year was £397k (2022= £1,569k)- The Foundation
receries generous donations from Qu￿ent Cranleigh School parents_ The main Tund-raising event in the
year was the annual Chrisknas fair. which was held at Cranleigh Prep School in November. The
Trustees authorised charitable donations during the year of £98k {2022.' £49kl to Cranleigh School.
FINANCIAL REVIEW
The Foundation had restricted reseNes of £87k and unrestricted reserves ot £3.496k {2CY22.. £87k and
£3,264k respectively) at the end of the year. This is sufficient to meet existing commitrments during the
nexL year. The Foundation had no ftjndraising activities requiring disclosure under S162A of the
Chartties Act 2011. The Trustees consider that the Foundation's ffnancial posthon, with funds of £3.6m
al the point of signing and commitments of less than £10k pa, represents a financi21'going-concern' for
the foreseeable fvture and al a minimum period of twefve months.
ACCOUNTING AND REPORTING RESPONSIBILITIES
The Trustees are responsible for the preparation of the Trustees. Report and the financial statements
in accordance vjilh applic3ble law and regulations. Company law requires trustees to prepare financial
statements for each finanual year in accordan￿ w7th United lQngdom Generally A￿epted Accounting
Prartice (United Kingdom Accounting Slandardsl and applicable law. Under company law trustees
must not approve the financial statements unless they are satisfied that they gnie a true and fair view
of the stale of aTFairs of the charitable company and OT its net incoming or outgoing resources for that
period. In preparing these financial statements, the Tnjstees are required to..
select suitable accounting policies and then apply them consistendy.
make judgments and estimates that are reasonable and prudent
state whether applicable accounting standards have been followed. subject to any material
departures disclosed and explained in the financial statements..
prepare the financial statements on the going concem basis unless it is inappropriate to presume
that tne charity will continue to operate.
The Trustees are responsible for keeping proper accounting records that are sufficient to show and
explain the charitable companls transactions and disclose wth reasonable accuracy at any time the
financial position of the charity. These records musl enable the Trustees to ensure that the financial
statements compty with the Companies Act 2006. The Trustees are also responsible for safeguarding
the assets of the charity ancl hen￿ for taking reasonable steps for the prevention and detection of fraud
and other iTregularities.
Insofar as each of the members of the Board of Trustees at the date of approval of this report is aware
there is no relevant audit information linfonnation needed by the chari￿s Auditors in connection wth
preparing the audit report) of which the Charitys Auditors are unaware. Each member of the Board of

Cranleigh Foundation TTUStees Report 2023
Trustees has taken all of the steps that he or she should have taken as a member of the Board of
Trustees in order to make himseW or herseW aware of the relevant audrt inforniaiion and to establish that
the Charity's auditors are aware of that information.
Approved by the Foundation Board of Trustees on 16 October 2023 and signed on its behalf by..
er Ichaimianl

Independent Auditorfs Report to the Members of Cranleigh Foundation
Opinion
We have audited the financial statements of Cranleigh Foundation (￿e Charitab￿ companll forthe Year ended
31 July 2023 which compNse Statement of Financial Activities, Balance Sheet and notes to the financial
statements, including signrficanl accounting p)licies. The financial reporting frarnework that has been applied
in their preparation is applicable law and United knngdom Accounting Standards, including Financial Reporting
standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (Unrted Klngdom
Generally Ar￿pted Aco)unting Practi￿}.
In our opinion the financial ststements-
give a true and fair view of the state of the charitable CoMpan￿S affairs as at 31 July 2023 and of its income
and expenditure, for the 31 July 2023 then ended..
have been properly prepared in acwrdance with United ￿ngdoM Generalty Accepted AC￿Unting Practice"
and
have been prepared in accordance wtth the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance wth International Standards on Audtting IUKI (ISAS (UKII and applicable
law. Our responsibilities under those standards are futher described in thè Auditorfs responsibilities for the audtt
of the financial statements section of our report We are independent of the charitable &)mpany in accordance
th the ethical requirements that are relevant to our audtt of the financial statements in the UK, including the
FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordan￿ with these
requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provlde a
basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the t￿stee$, use of the going GOn￿M basis of
accounting in the preparation of the financial statements i% appropriate.
Based on the WO￿ we have performed. we have not identttied any material Un￿rtaInlieS relating lo evÈnts or
conditions that, individually or ￿llectiVely. may cast signfficant doubt on the charitable companls ability lo
continue as a golng concem for a period of at least hvefve months from when the financial statements are
authorised for issue.
Our responsibilities and the responsibilities of the tTh￿teeS wth respect to going concern are described in the
relevant sections of this reporL
Other infomiation
The trustees are responsible for the other information contained within the annual reporL The other Snformation
comprises the inforrnation included in the annual reporl other than the financial statements and our auditor's
report thereon_ Our opinion on the financial statements does not cover the other infomation and, except to the
extent Dtherwse explicitly stated in our report. we do not express any fotm of assuran￿ conclusion thereon.
Our responsibility is lo 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 audrft or otherwise appears
to be materially misstated. If we identTfy such material inconsistencies or apparent material misstatements, we
are required to determine whether this gives rise to a material misstatement in the fin?ncial statements
themselves. If. based on the Work we have performed, we condude that there is a material misstatement of this
other information, we are required to report that facL
We have nothing to report in this regard.
Oplnlons on other matters prescribed by the Companies Act 2006
In our opinion based on the work undertaken in the course of our audtt
the information given in the trustees, report, which indudes the directors, report prepared for the purposes
of company law, for the financial year for which the financial statements are prepared is consistent wth the
financial statements- and
the directors. report included wtthin the trustees. report have been prepared in accordance with appllrable
gal requirements.

Matters on which we are r¢quired to report by exception
In light of the knowledge and understanding of the chartiable company and their environment obtained in the
course of the audit, we haye not identffied maierial misstatements in the directOTS' report included wthin the
trustees, reporL
We have nothing to report in respect of the followng matters in relation to whith the Companies Act 2006
requires us to report lo you rf, in our opin￿n-
adequate and proper accounting records have not been kept. or
the financi21 statements are not in agreeTnent with the accounting records and retums., or
rtain disclosures of trust&s' remuneration specified by law are not made., or
we have not re￿IVed all the infom)ation and explanations we require for our audit.
Rtsponslbllities of trustegs
As explained more fully in the tDJStees' responsibilibes statement set out on page 4. the trustees (who are also
the directors of the charitable company for the purposes of compxny law} are responsible for the preparation of
the ffnancial ststements and foT being satisffed that they give a true and fair view, and for such intemal control
as the trustees detemiine is necessary to enable the preparation of financial statements that are free from
material misstatement, whether due to fraud or error.
In preparing the financial statements. the trustees are respongible for assessing the charitable comp2nYs ability
to continue as a going concem. digclosing. as applir3ble, matters related tts going concem and using the going
concem basis of accounting unless the trustees erther intend to liquidate the Charitab￿ company or to cease
operations, or have no realistic altemative but lo do so.
Auditovs responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assuran￿ about whether the finanaal slatements as a whole are free
from material misstatement, whether due to fraud or error, and to issue an aUdit0￿S report that includes our
opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audTt conducted in
accordance with ISAS (UK) will always detect a material misstatement when it exists. Misstatements can arise
from fraud or error and are considered material if, individually or in the aggregate, they could ￿aSOnablY be
expected to influence the economic deasions of users taken on the basis of these financial statements.
Details of the extent to which the audit was considered capable of detecting irregularities, including fraud and
non-compliance wth laws and regulations are set out below.
A further description of our responsibilitses for the audit of the financial statements is located on the Financial
Reporbng Council's website at" ww.frc.o
-uklaudilotsres
nsibiliti
auditorfs report.
This description forms part of our
Extent to which Ihg audlt was consldered capable of detecting irre9ulariti9s, Including fraud
Irregularities, including fraud, are Instan￿ of non-compliance WI￿ laws and regulations. We identiffed and
assess￿ the risks of material misstatement of the financial statements trom irregularTbes, whether due lo fraud
or error, and discussed these betsveen our audit team members. We then designed and performed audit
prO￿dureS responsive to those risks, including obtaining audit eV[den￿ 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 thai have a direct effed on the determination of material
amounts and disclosures in the financial statements. The laws and regulations we considered in this context
were the Companie> Act 2006, the Charities Act 2011 together wth the Charities SORP IFRS 1021. We
assessed the required compliance wyth 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 nol have a d1￿ct effect on the
financial statements but wmpliants wlth which might be fundamental to the charitable company's ability to
operate or to avoid a material penalty. We also considered the opportunities and incentives that may existwithin
the Charitable company for traud. The laws and regulations we considered in this context for the UK operations
were General Dats Protection Regulation (GDPR} and Taxation legislatiors.
Auditing standards limit the required audFt procedures to identsfy non-compliance wtth these laws and
regulations to enquiry of the TTUStees and other Inanagement and inspection of regulatory and *al
correspondence, rf any.

We identified the greatest risk of material impact on the financial statements from irregularities, including fraud.
lo be within the timing of recogntbon of ir*come and the override of controls by managemenL Our audit
procedures to respond to these risks induded enquiries of managemenL the FinanTr Committee about their
own identification and assessment of the risks of irregularities, sample testing on the posting of journals,
analytical review and sample testing of income, reviewng accounting estimates for biases, reviewing regulatory
correspondence with the Charity Commiss￿n. and reading minutes of meetings of those charged wth
govemance.
Owing to the inherent limitations of an audit, there is an unavoKlable risk that we may not have detected some
materlal misstatements in the financial statements, even though we have propedy planned and perfomed our
audffc in accordan￿ audTbng standards. For example. the further removed non-compliance wrth laws and
regulations {irregulartbesl is from the events and tran￿¢tiOnS reflected in the financial statetnents, the less likely
the inherently limited procedures required by auditing standards would identify it In additTon, as with any audit,
there remained a higher risk of non-detection of iTTegularities, as these may involve collusion, forgery, intentional
omissions, misrepresentauons, or the override of intemal controls. We are not responslble for preventing non-
Complian￿ and cannot be expected to detect non-complian￿ all Lqws and regulations.
Use of our report
This report is made solely to the charitable companws members. as a body, in accordance with Chapter 3 of
Part 16 of the Companies Act 20C)S. Our audit work has been undertaken so that we might state to the charitable
company's members those matters we are required to state to them in an auditorfs report and for no other
purpose. To the fullest extent permitted by law. we do not a￿pt or assume responsibilty to anyone other than
the charrtable COTnpany and the charttable compan*s members as a body, for our audit work, for this report, or
for the opinions we have fomied.
Nicola May
Senior Statutory Auditor
For and on behalf of
Crowe U.K. LLP
statutory Auditor
London
Dale: 7th December 2023

CRANLEIGH FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
{Incorporating an Income and Expenditure Account)
FOR THE YEAR ENDED 31 JULY 2023
Unrestricted Restric￿￿
Funds
Funds
£'ooo
£'ooo
Note
2023
£'ooo
2022
£'ooo
INCOME FROM:
Investment income
90
90
Donationsllegacles
282
282
1,253
Fundraising events
25
25
270
Total
397
397
1,569
EXPENDITURE ON:
Raising funds
148
Charltable a¢tivitigs
98
98
49
Total
101
101
197
NET INCOME BEFORE TRANSFERS AND
INVESTMENT GAINS
296
296
1,372
Gainsl{losses} on investments
{64)
164)
151
NET INCOME
232
232
1.367
Transfer between funds
NET MOVEMENT IN FUNDS
232
232
1.367
Balances brought forward at 1 August 2022
3,264
87
3,351
1,984
BALANCES CARRIED FORWARD 31 JULY 2023
3,496
87
3,583
3,351

CRANLEIGH FOUNDATION
BALANCE SHEET AS AT 31 JULY 2023
Note
2023
£'ooo
2022
£'ooo
NON CURRENT ASSESTS
Investments
3,288
CURRENT ASSETS
Debtors
Cash- at bank
10
459
117
117
3.693
3,405
CREDITORS- Duewthin one year
1110}
(54}
NET ASSETS
3,583
3.351
RESTRICTED FUNDS
87
UNRESTRICTED FUNDS
3,496
3,264
TOTAL FUNDS
3,583
3,351
Approved and authorised for issue by the Trustees on 16 October 2023
and signed on their behalf by
MJM
(Chaiman)
The notes on pages 11-14 foTh part of these accounts
10

CRANLEIGH FOUNDATION
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2023
ACCOUNTING POLICIES
The accounts (financial statemenlsl have been prepared in actordance with the Charities SORP IFRS1021
applicable lo charities preparing their accounts in accordan￿ wth FRS102 the Financial Reporting Standard
applicable in the UK and Republic of Ireland and the ChaTities Ad 2011 and UK Generally Accepted Practice as
it applies from 1 January 2015.
Cranleigh Foundation meets the defin￿On of a pUbr￿ ben8fft entty under FRS 102.
Assets and liabilities are initialty recognised al historical cost or transa(*on value unless othervjise staled in the
relevant accounting policy notels).
The Foundation's ReseNes poliw has been relatNety unaffected by Cowd-19 gtven the policy of limited fund-
raising together with a small cost base.The Trustees consider th* the level of income and expendtture creates
SLrfficienl and signffi¢anL reserves to meet fijlure t￿t Cowd-19. committments and eontinues as a going
concern.
Cranleigh Foundallon. as a subsidiary of Cranleigh SchcNJl (see note 10) has elected to take the exwnption to
not present a statement of cashflows as prescribed in FRS 102 1.11 and 1.12lbl.
1,1 Critical a¢counttng judgements and key sources of estimation uncertainty
In the application of the charivs accounting poliue5. trustees are required lo make judgements, estimates.
assumptions about the carying values of assets and liabilities that are not readity apparent from other sources.
The estimates and underlying assumptions are based on historical experien￿ and other factors that are
considered trj be relevant. Actual resuKs may drffei from these estimates.
The estimates and undertying assumptions are reviewed on an on-going basls. Revisions to accounting
estimates are recognised in the period ir* which the estimate is revised rf the revision affects onty that period or
in the period of the revision and future Ftri¢xls rf the rewsion affects the current and future periods.
In the view of the trustees. no a￿UmptionS cOn￿mIng the futtjre or estimation uncertainty affecting assets and
liabilrties al thè balan￿ sheet date are likely to result in a material adjustrnent to their carrying amounts in the
next financial year.
1.2 Income
Income is included in the Statement of Financi￿ Actwities when the charity is legally entitled to the income, the
amount can be quantified WEth reasonable accuracy and the likelihood of receipt of the income is probable.
1.3 Expendtture
Expendliure is recognised On￿ there is a legal or constructive obligation to make a payment to a third paty, it is
probable that sewemenl will be requir￿ arxl the amount of the obligation can be measured reliably.
Support costs are those functions that assist the work of the charity bui do not dire¢Uy undertake charitsble
activities. Support costs include back oifice costs, finan￿. personnel, payroll and govemance wsts which
support the charity's educational operations and actNrties.
1.4 Funds Structure
Restii¢led funds are funds to be used in accordance wtih the Specif￿ r&stri(*on5 irnposed by the donors or for
the specrfic purposes specffied when requesting donations.
Unrestri¢ted funds comprise those fun￿¢ which the tswstees are free to use for any PUTpose in furtherance of the
charitable objects.
11

CRANLEIGH FOUNDATION
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2023
1.5 Taxation
The Foundation, as a regi8tered charrty, is able to take advantage of the tax exeMpl￿n$ available lo charities.
Accordingly. there is no cortKxation tax payable on the net inojming re￿urceS.
1.6 Cash flow
The Foundation, as a wister&J c￿r[ty and subsidiary of a group which prepares publicslly available
consolidated financial slatsments, is able to take advantage of the cash fiow exemption.
1.7 Investments
Listed investments are valued at market value as at balan￿ sheet date. Unrealised gains and losses arising on
the revaluation of investments are credited or ¢harged to the Statement of Financial ActiV￿eS, alloixted to the
appropriate Fund according to the"tr*vnership" of the undedwng assets.
2. EXPENDITURE
2023
£'ooo
2022
£'ooo
Raising funds
Fundraising events
Charitable activities
Donations to Cranleigh School
Support cosis and governance
148
90
98
49
Total
101
197
Included in the above is the fee for the slatulory audft of £3.72012022= £3.380)
None of the Trustees have b￿n paid any remuneration.
No Trust￿ expenses have been incurred.
3. INVESTMENTS
2023
£'ooo
2022
£'ooo
Balance at 1 August 2022
Additions
Disposals
G￿n / {loss) on investrnents
Balance at 31 July 2023
3.288
1,663
1,630
3,224
3,288
Investrnerrts are all hdd within listed investments at 31 July 2023
4. DEBTORS
2023
£'ooo
2022
£'ooo
Legacies
Other
10
5. CREDITORS
2023
£'ooo
2022
£'ooo
AcCrU￿S
Deferred Income
(deposits held for 2023 ChristnTrs Fundraiser)
98
12
110
49
12

CRANLEIGH FOUNDATION
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2023
Balan
011Q18r22
Balance
31107123
£'ooo
22
65
87
6. STATEMENT OF FUNDS
I￿rne Expenditure Gainsl(losses1 Transfers
£￿00
£000
£'ooo
Loveday SchoLarship Fund
Other
Total Restricta Funds
87
Total Unrestricted Funds
3.264
397
1101)
164)
3,496
Total Funds
3,351
397
11011
(64)
3,583
Allocation of Net Assets to Funds
£3.224k of the funds are held as non current assets V￿th the balance as currenL
Balance
01108￿1
Balance
Income Expenditure Gain51llossesl Transfers 31107122
£ix)o
£'ooo
£'ooo
22
65
87
7. COMPARATPIE STATEMENT
OF FUNDS
Loveday Scho12rship Fund
Other
Total Re5trKted Funds
65
87
Total Unrestricted Funds
1.897
1.569
(19n
{51
3,264
Total Funds
1.984
1.569
119n
{51
3,3S1
Total
Cu￿ent
Current
Current
Assets Liabilrties Net Assets
£'ooo
£'ooo
ALLOCATION OF NET A5SErs
Non Current
The net assets held for the various fvnds:
£'ooo
Restricted Reserves
General Reserves
87
382
87
3.496
3.224
11101
Total Reserves as at 31 Juty 2023
3.224
469
11101
3.583
Total
Current
Current
Current
Assets Liabilities Net Assets
£'ooo
£'oDo
£'ooo
9. COMPARATNE ALLOCATION OF NET ASSETS
Non Current
Assets
£'ooo
The net assets as at 31 Juty 2022 as held for the
various funds..
Restricted Reserves
General Reserves
87
3,264
3.288
30
(541
Total Reserves
3.288
117
{541
3,351
10. PARENT ENTITY
The charttable company is a wholty owned subsidiary of Cranleigh School, a charrtable company incorporated in
England. Copies of the annual accounts of Cranleigh School are available frcffn the Company Secretsry,
Cranleigh S¢hool . Cranleigh, Surrey. GU6 8QQ
13

CRANLEIGH FOUNDATION
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 JULY 2023
11. RELATED PARTY TRANSACTIONS
The￿ have b*n no related PaTty transactions that require disclosure.
12. CHARITY INFORMATION
The charty is a private compary (registered numt*r 6452540) by guarant￿, which is incorpDr8ted snd
domiciled in the UK and TS a public benefrt entity. The address of the registered Offi￿ is Cranleigh School,
Horseshoe Lane. Cranleigh, Surrey GU6 8QQ.
13. FINANCIAL INSTRUMENTS
The charty has finanaai assets and financial liabil￿e$ of a knnd that qualify as basic finanGial instruments. Basic
finan¢ial instwments are intbally recognIs￿ at transathon value and subswuently measured at amortised cost
using the effective inte￿1 method. Financial assets held at amortised cost Comprise cash and bank and in
hand, together with trade and other debtors. Financial liabilthes held at amortised cost comprise bank loans and
overdrafts. trade and other cteditors.
Ai the balance sheet date the chartty held financial assets al amortised cost of £459k (2022.. £117kl. Financial
assets at fair value through income or expendtture of £3.224k (2022= £3.288k) and Financial liabilities at
amorttsed cost of £110k12022'. £54k)
14. COIAMIThIENTS
There are no (3Pital and revenue commttments other than those ttems recognised as liabillbes in the financial
statements
15. STATEMENT OF FINANaAL ACTMTIES - COMPARATIVE FIGURES
Unrestricted
Funds
eoc
Restricted
Funds
£'ooo
2022
£'ooo
INCOME FROM:
Investment income
Donationanegacies
Fundraising events
46
1,253
270
1,253
270
Total
1,569
1,569
EXPENDITURE ON:
Raising funds
Charitable activities
148
Total
197
197
NET INCOME
1.372
1,372
Gainslllosses) on 5nvestments
Transfer between funds
NET MOVEMENT IN FUNDS
Balan￿ brought forward at 1 August 2021
BALANCES CARRIED FORWARD 31 JULY 2022
15}
15)
1.367
1,897
3,264
1,387
1,984
3,351
87
87
14