RECISTERED COMPANY NUMBER: 01298683 (England and Wales) RECJSTERED CHARITY NUMBER: 5069n7 Re ort of the Trustees and Audited Financial Statements for the Yea nded 31 Auuust 2025 for Cran51e Acom an School LiTnite Limited b Guarantee Johnstone Howell & Co Statutory Auditors Unit 2 The Oaks St3nney Mill Lane Chester Cheshire CH2 4HY Cransl School Limited Contents of d)e Financial Statetnents for the Year Ended 31 Au ust 2025 Page Report of the Trustees Report of the Independent Auditors 8 to 10 Statement of Financial Activities Statement of Financial P05ltion 12 Statement of Cash Flows 13 Notes to the Statement of Cash Flows 14 Notes to the Financial Statements 15 10 25 Detailed St&t¢ment of Financial Activities 26 10 27 Cransle School LiTnitEd Re ort of the Trustees for the Year Ended J l Au ust 2025 The trustees who are also directors of the charity for the purposes of ¢l)e Companies Act 2006. present iheir report with the financial Statements of the charity for the year ended 31 Auoust 2025. The trustees have adopted the provisions of Accounting alld Reporting by Charitie5.' Statement of Recommended Practice applicablc to charitics prcparing their accoiints in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective l January 2019). OBJECTIVES AND ACTIVITIES Mission aTkd aims Our mission is to operate ag an independent day school for boys and girls up to the atse of 16. As such, the S¢hool functions across two depai'tinent5 - Junior (Reception Year 61 and Senior (Yeai. 7 - 11). Throughollt departments, the School aims to achieve hitsh standards whilst valuing the qualities of each individual pupil. In particular, the School provides a rounded and balanced edu¢8tion wiihin a disciplined framework, a high level of personal tuition delivered throuJ small class sizes and a supportive pastoral care team. The School's main aims are for Students to nurture relationships. seek excellence and venture beyond what th¢y believe they are capable of. Students pr¢ tau(yht to SU￿e¢d academically, and also to be resilient, to be reflective and to be resourceful. Individual excellence is nurtured in acadeinics, 5POrt, music and ihe arts. This is achieved througl) small class sizes. excelleni relationships with fainilies and throutsh the eare of cxccptTonal. experienced practitioners. with a passion for their subjcct and thc wcllbcing of each and every pupil. Our GCSE results and KS2 results are amongst the very best of maKntained and independent settings. In addition. the School's main focus is io achieve value•added for each pupil and the School has confinued to maintain an exeellent value-added for the ¢urrent year. Our pupils are gentle. warm-heaTted and modest and (hese qualities are not compromised. We have a positlV¢, 51udiou5, caring and ambitious environment where well behaved, positive, considerate and courteous childTen can flourish. Signifrcant activities addition to its routin¢ aGtTVities, the School supports local initiatives through the efforts of its staff. The School has stronts workin(J relationships with local maintained primary schools. The School's minibus fleet is often used to provide transportation for these children to local venues and events. In addition. local primary school children are invited into the School for ¢urriculum days to allow these children to experience various secondar>, sehool style subjtrt classes and workshops. The Junior school hosts a nllmber of EYFS Bright Beginning& Slay and Play SES5Eons and Forest School Days for l(Kal pre-school children to altend and experience primary school life. The School has supported the local communiry by allowing third party tsroups to makc use of the School's facilities for music or %porting activities. A third party organisation approached the SchoDI to establish a holiday club for priinary hool children on the premises. The club was snitiated during the summer and has continued during subsequent 5chcx)I holiday periods. The S¢h￿l continued to allow outside third party organisations to borrow from its fleet of Tnini buses throughoul the year. The School selected The Joshua Tree to rdise fiEnds towards throughout the academic year. VaFiOUS fitnd raising adiviti¢5 Ivere arranged and a total of £1,924 was Subsequently donated to this rharity. In addition, the School supported the following separaie ￿nd-raising appeals. Save The Children, The Royal British Legion and tlie Christmas Shoebox Appeal. The BuTSary and Hardship fi]nds are currently supporting a number of pupils who would noi otherwise be able to attend or continue to attend Cransley. Volunteers All niembers of the governing body ani5 the Cransley Foundation team ¢arry out their services to the School on a voluntary basi5. Page I Cransl School Limited ort of the Trustees for the Year Ended 31 Au ust 2025 STRATE£ GIC REPORT Aehievements and performanee ACade￿Ie sporting achi¢veJnents The School continues to provide s high qualEty education for all of its siudents. Children benefit acadeinically from learning at a small inclusive school such as Cransley. Small class sizes in a co-educational. nurturing and stimulating environment provides every opportunity for each child to succeed to their maximum potential. The School's unique nature a5 a'through school, has allowed consideration of the exact intent of the School'5 Curriculum to ¢T15ure optiTnuin impact on all pupils and iinprove GCSE outcomes. This 'spiral' curriculum ha5 been developed by collaboration between junior and senior specialists to ensure key skills, knowledge and themes are revisited throughout a Cransley School pupil's learning journey wthilst continuing to recognise the National Curriculum and exam board 5pe¢ifi¢ations. The School was inspected by the Independent Schools Inspectorate in November 2023 under a new framework of inspectiDn. The results gf the insp¢ctiOTb weTe very positive, acknowledging the high quality of educational provisio otTered by the S¢h(x)I, as well as our reported compliance against the Independent Schools Standard5 Regulations. Th¢ School's di(pital learnintr plan, Cransley S¢honl Onlin¢ (CSO), ¢ontinued successfijlly throutshout the year, providing a blended system of learning both throu￿ the use of technology and innovative classroom based activities to deliver lessons. The School's digital learnino continues to be enhanced and all staff and students from year 4 have an individual device that is used at school and home on a daily basis. This blended approach allows for better collaboration. break out groups, pre5entdtRons, shared res¢arrh, dis¢overy and peer int¢raction. A5 well, feedback fri)m staff 15 deldiled, persunali5ed and focussed on the student's next stage in learning, allowing the online system io enhance and support tlie excellent practice in ihe classroom itself. Our aim is to Inaximise this iechnology, along with the use of Artificial Intelligence. to exemplify blended educational technology in a new and even better way of learning now and in the fll￿re. Thc School once again achieved excellent GCSE results reflecting the hard work and colnmitment of the studertts and staff. Results surpassed national averages across all subjects with 96% of students who sat the examinations achieving GCSE grades 94 compared to 70.50/0 nationally. Funhermore, 351/0 of grades were awarded at lev¢1 91817 (23•/o ationally). Value added 15 an important internal measure for lh¢ School. This compaTes Éhe scoring frorn Cognitive Testing carried out on entry to the school which gives a potential GCSE grade against the actual grade received. The total average value added across all exaininations was alinost one grade Iiigher than the grade predicted. Students have sijice successfvlly consinu¢d on to their preferred Further Education or trainints establishment. There continues to be a wide rantse of enrichment and extra.curricular activities available for students to take part in. The School has a very active PeTforffting Arls Depart￿Lent that operates throughout both Senior and Junior departments. Production5 in both tnu5ic and drama have been showcased throushoLtt the year with a nuTnber of senior students taking part in the ISA National Drama Competition in Warwick. Several pupils have achieved, or are working iowards LAMDA qualifications. Junior sd)ool Sfudents took part in the Young Voices concert alongside a number of other schools from the North West. The School continues to enjoy a strong record of sporting achievement with tllany gtudents representing their chosen sports at both regional and national levels. In swimming, three students qualified for the ISA National Swimming Championships in London part of the North team, securing one silver and three bronze medals. Similarly, at the ISA Cross Country Championships, two pupils were selected to represent the ISA North Team at the National County ChaTnpionships, with a fi]rther pupil cliosen to compete for Cheshire. In team sports, the School's netb211 progratnine c(mtinues to thrive with all eniered teams finishin<* within the top four of their respective league5. The Year 10 team were crowned champions achieving an ollt5tanding first place finish. The rounders team perform¢d Strongly and also the athletics team. Eight students from athleti¢s qualified to compete ai the National ChaEnpionships in Biriningham. Page 2 Cransle School Limited ort of tlie Trustees r the Year End¢d 31 Au ust 2025 Outside of School, one student who competes in quad bikints has achieved 3rd place in the British Chanipionship5 and i*en selected ¢0 represent Great Britain. Another student ivho competes at a national level in dressage and has had considcrable sllcce55 in competition5 acro55 tlie rountry and also witliin Europe. Individual achievements include one student comp¢ted in both regional and Entslish levels at trampolining and two students representing th¢ir county in cricket. Outside of the cla5srooin, a number of students participated and achicved their Bronze Duke of Edsnburgh awards following the compleiion of required expeditions, charity work and challenges. The School co-ordinates educational irips, >th in the UK and overseas, as well as experien¢es across all year oi'oups that are carefiElly planned to coiiiplement classroom learning as well as end of term reward trips to recognise hard work and go(MJ behavioyr students have demonstrated throughout the year. The newly-formed Cransley Speedwork5 STEM racing team liad immediate success reaching the national finals of the global Fl in Schools competition. corning 2Jrd of 40 participants. The cofflpelition required the use of CAD software and modern engineering techniques and Ilie development of bu5ines5 project manatsement and sponsorship skills. The Self-￿ndIng team has now Inoved into the Greenpower Kari Championship. coming third in their ¢lass at their inaugural race in Aintree. One of the main pi'inciples within the School'5 missEon statement is to nurture relationships. The School provides excellent pastoral, spiritual, ethical and moral understandin for all pupils. Cransley is a nurturin¥ 5chwl where thildren are prepared for success during and afler iheir time at rhe S¢hool. The School has a dedicated space for the pastoral depaTiment to provide support as required for students with specsal eduCatI￿al needs, experiencino issue% or tsoints through more difficult time5. The School also has trained ELSA staff allowin. us to offer an exceptional level of support as required to students that may have additional needs. The School's House and 'buddy' Syst￿ll is drivet) by the School Prefect body and this has continued io be in pla¢e throughout the current year And ha5 had a positive impact on brintsin(F tog¢ther both the Junior and Senior School. It is also a proven successful method to host several whole school events, tsue5t speakers, class and individual assemblie performance showcases and celebrations charity events. Pupil number5 Pupil numbers incr¢ased slightly throughout tl)e year with the Senior sch￿] continuing to have two cohorts in ea¢h year group. Growth continued in the junior schLK)I wilh a hiol) intake in the re¢eption Class. Every year group 15 now beÉng taughi separately to allow for continued growth in the junior school. Donations received The Cransley Foundation continued to fund raise for fhe benefit of the development of a first clags learning environment and a5sociat¢d r¢50ur¢es. During the year income totalling £60,436 (2024- £108.905) has been raised and this in¢ome stream continues to be treated as a restricted ￿lld within the financial results of tl)e school. Investtnent powersi policy and performance With the recent orowth in headcounl. the termly fee cycle is betrinnints to result in exces5 funds beints tsenerated for short periods of time. These ￿ndS are fijlly invested ba¢k into the School's resources and facilitie5 as appropriately required. The Trnstees review the levels of these excess fi]nds each ierm and. where appropriate, these are inVe￿Ed into short term, higher rate deposit accounts until they are needed to satisfy charitable expenditure in order to maKimise the lev¢] of incoinints resollrces from this souw Financial review Princlpal funding sources The principal SQUFce of income for the School is the termly fees tharged for its pupils. This is supported by additii)nal income for the provision of extra subjects, particularly music, Cittering, niulti-sen50ry and transport. ransl School Limited Re ort of the Trustees for the Year Ended 31 Au ust 202S STRATEGIC REPORT Finallcial review Reserves The Finance Committee has examined the Charity5 requirements for res¢rY¢s In light of the inain risks to the organi5ation. The Finance Committee rewew5 the levels of unrestricted ￿ndS that are not committed or invested in tangible fixed assets to ¢nsur¢ they ar¢ adequftte to ¢over one tems worth of expenditure. Whilst reserves are not currently at these levels, the reserves are continuing to increase year on year and th¢ Trustees are workintt to a¢hieve tliis level of cover in future years. The Trustees have also be¢n considering the respon5ibilitie5 of the School in providing public Ixnefit through its activitie3, and in addition io the School's current activities they are determined to provide increased access to the benefits of the School ro children in the localiry who may be unable to attend the School through financial hardship and awordingly a Bursary and Hardship Fund has been established. Th¢ Trust¢es have aspired to allocate a proporiion of any fitture Surpluses geneTated to this fiLlld. FirtaJLcial r¢5uIts Overall, the Charity has made a surplus of £505,997 for the year ended 31 August 2025, compared to a Surplus in the previous year of £423,143. The increase in surplus from prior year is mainly attributable to higher enrolment in the senior school, a rcduction in the repairs and maintcnancc costs of the buildints and the decision to bring cleaning services in-house rather than 5ubc(bntracting them. The School continued to invest ITh the estate during the academic year. The pavilion was refvrbislied with the addition of new toilets. The reception outdoor play area was refvrbished along with new windows ￿ing r¢pla¢ed in the senior sdiool. The School strategy is to continue io invest in the facilities and grow the School whilst maintaining low pupil.'teacher ratios to enable the Sch(x)I to contintje to be profitsble and sustain it going forward. Going coneern As noted in the Financial Review, a surplus was generated again in the cun'ent year. Dual cohorts are in pla¢e for all year groups ivithin the senior sch(x)l and a dual cohort in Year 6 lias been accominodated thi5 year. Waiting lists are in place as Inost classes are now at capacity in the senior school. The going concern of the Scliool is V￿.Y much dependent on maintaining pupil numbers and potential wider political and Inacro-economic events. The Trustees are confident this headcount can continue to be achieved in future years. In the cvcnt hcadcount is not rnaintaincd in line with cxpcctation. addilional r¢venue streams have been identified to cover any shortfalls alld the Trustee5 would review c05t5 accordingly. Future plans The School has an ongoing commitment to improve all the frdcilities within the School, thouJ th¢ age of the building does present challenges. The school 15 currently undergoing replacing the windows in the school and a planned programme of maintenance lias been put in place for the upcornin(r years. Following the year-end. the growth in headcount has slowed due to liinited availability in specific year group5. However, the Junior School remains a key area of growth, driven by hi￿)er demand for places and the increased classroDm spate ¢reated by the separation of all year oroup5. The October 2024 bud(ret cot)firmed the Government's intention to charge VAT on independent sch(N)I fees and the school became ￿llY VAT registered as of tlie l December 2024. This change has both financial, operational aThd administrative impli¢ations. Th¢ School ha5 undertaken a con5id¢rable ainount of work to en5urc it retnains robust financial position and flllly compliant with the new legislative requirements. Page 4 nsl School Limited Re ort of the Trustees for the Year Ended - ust 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Govcrning doeument Tlie charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guardntee, as defined by the Companies Act 2006. Th¢ objects of the charity are Set out in the Memorandum of Association as the education of girls and bo)E up to the age of 16. Recruitrn¢nt and appointment of new Trustee5 The Trustees consider on an ongoing basis the suitability of the composition of the governing body for the School and its suitability for the management of the School and its developinent plans. Under the Scliool's Constitution a rotaiion policy for election of Governors is required. Organisational 5tru¢thre The TrusteeslGovernors determine the general policy of the Charity. The day-to-day management of the School is delegated to the Headieacher and th¢ Director of Finance. The board is supported by reports from the following committees: The Finance 5ul>cominiitee The Welfare, Risk and Compliallce COmTnittee - The Academic committee The Safrtsuarding committee Chaired by Dr D P Walter Chaired by Mrs G Pcarson Chaired by Mrs S E Minta Chaired by Mrs G Pearson Induction and tralnlng of tbew Trustees New Trustees are (Tiven appropriate induction on joining the board. desittned to ensure that the Trustees are abl¢ to discharge their duties effectively from the time of their appointmenL. Related parties From time to time paiments are made to ¢ompanies or individuals connected with the Governors of the School. Tliese are only made after approval of the Trustees after due consideration to the requirements of the School and the costs of the advice or services providEd. Risk management The Trustees have a duty to idetjtify and review the risks to whicli thc Charity is exwsed and io ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Trustees continue to keep the School's risk assessment study under review in order to establish an appropriate system of internal controls and any other viable means, as well as insurance cover wher¢ appropriate, in order that the niajor risks to which the Charity is exposed, as identified by the Trustees, can best be mitigated. A regularly updated risk assessment handbook is maintained which covers all aspects of the School's activities. REFERENCE AND ADMIJYISTRATIVE DETAILS Registered Company number 01298683 (England and Wales) Registered Charity number 506907 Cransle School Limited ort of the Trustees for the Year Ended 31 Au ust 2025 Registered office Belmont Hall Great Budworih Cheshire CW9 6FfN Trustees Mrs G Pearson Mrs H Nickson (resigned 14111125) Dr D P Walter Mrs S E Minta Mrs G A Yandell Mr D Cohen Miss M A Mather (appointed 1911126) Co]npany Secretary Mrs H Gordon Auditors Johnstone Howell & Co StAtutory Auditors Unit 2 The Oak5 Stanney Mill Lane Chester Cheshire CH2 4HY Bankers The Royal Bank of Scotland 38 Mosley Street Manchester M2 3AZ O￿l¢erS Head Teacher Mr R Pollock Director of Finance Mrs H Gordon TRUSTEES, RESPONSIBILITY STATEMENT The trustees (who are also the directors of Cransley School Limited for the purposes of cotnpany law) are responsible for preparing tlie Report of the Trustees and the financial statements in accordknce with applicable law and United Kingdom Accounting Siandards {United Kingdom Generally Accepted Accounting Practice). Page 6 Cransl School Limited ort of the Trust¢es for the Year Ended 31 Au ust 2025 TRUSTEES. RESPONSIBILITY STATEMENT- continued Company law I'equires the trustees to prepare financial statements for each fLnancial year. Under that law, the trustees have elected to prepare the financial statem¢nts in accordance with United Kingdom Generally Accepted Accounting Pra¢tice (Uniled Kingdom Accounting Standards and applicable law). Under company law the trustees must noi approve the financial statements unless they are satisfied that they oive a true and fair view of the stste of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparints thos¢ financial statements. the trustees are required to select 5Ultable accounting policies and then apply thein consistently- observe the methods and principles in the Charities SORP. make judgements and EstiThate5 that ar¢ reasonable and prudent- state whether applicable accounting standards have been followed. subject to any material d¢partures disclosed alld explained in the financial siatements. preparc the financial stateinents on the ttojlltw concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trll5tees are responsible for keeping proper a¢¢ounting records which disclose with reasonable accuracy at any tiTne the financial position of the charitable company and to enable them to ensure that the financial sratements comply with the Companies Act 2006. They are also responsible for safetsu&rdints the assets of the charitable coinpany and hence for taking reasonable steps for the preyention and dete¢tion of fraud and other irregularities. In so far as ihe trustees are aware: Ihere is no relevant audit information of which the charitable companys auditor5 are unaware: and the trustees have taken all steps that they ought to have taken to make thern5elves aware of any relevant audit informaiiotk and to egtablish that the auditors are aware of Ihat information. AUDITORS The auditors, Johnstone Howell & Co. will be proposed for re-appointment at the forthcoming Annual General Meeting. Report of the trustee4 incorporating a strategic reporÉ, approved by order Of tht board of trustees, as the company directors, on 17 April 2026 and sioned on the board's behalf by.. Mrs H Gordon - s￿retarY Page 7 Re ort of the Inde endent Auditors to the Members of Cransl School Limited Opinion We hai'e audited the financial statements of Cransley School Limited (the '¢haritable coinpan)P) for the year ended 31 August 2025 which comprise the Statement of Financial Activities. the Statement of Financial Position. the Statement of Cash Flows and notes to the financial statements, includints a summary of significant accountino policies. The financial reporting framework that has been applied in iheir preparation is applicable law and United Kingdom Accounting Stsndards (Uniied Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements.. give a true and fair view of the stat¢ of th¢ ¢haritabl¢ company's affairs as at J l August 2025 and of its incoming resources and application of resource5, including its income and expenditur¢, for the year then ended. have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice- and have been prepared irt accordance with the requirements of the Companies Act 2006. Basis for opitaion We ¢ondueted our audit in a¢¢ordance with International Standards OD Auditin(T (UK) (ISAS (UK)} and applicable law. Our responsibilities ullder those standards are further described in the Auditors, responsibilities for th¢ audit of th¢ financial 5tatemenls section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, includints the FRC'S Ethical Standard, and we have fvlfilled our oth¢r ethical respon5ibiliti¢s in accordance with tlie5e requiretnEnls. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going coneern In auditing the financial statements. we have concluded that the trusÉe¢s' us¢ of th¢ going concern basis of accouT]tlli8 in the preparation of the fjnancial stateTnents is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions thai, individually or collectively, In&y cftst Si(Tnificani doubt i)n the charitable company's ability to continue as a going concern for a period of at least twelve months fi'om when the financial statemet)ts are authorised for issue. Our responsibilities and the responsibilities trf the trustees with respect to going concern are descrilxd in the relevant sections of this repoi'É. Other information The trustees tre responsible for the other information. The other information comprsses the inforn)ation included in tlie Annual Report, other than the finaTJGial Statements and our R¢port of the Independent Auditors thereon. Our opinion on the financial s(atemenis does not cover the oiher information and. except to the extent otherwise explicitly stated in our report, we do not express any forni of assurance conclusion thereon. In connection with our audit of ihe financial statements, our responsibility is to read the other information and. in doing so. consider whether ihe other information is inaterially inconsistent with the financial statements or our knowledge obtained in the audii or otherwise appears to be materially misstated. If we id¢ntify such material inconslstencies or apparent Tnaterial inisstatements. we are required to deteTmine whether this giYe5 rise to a n]aterial misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that ihere is a material misgtatement of this other information, we are required to report that fact. We have nothing to report in this regard. Oplnlons on other matters prtserlbed by the Companles Aet 2006 In our opinion, based on the work undertaken in ihe course of the audit- the information given in the Report of the Trustees for the finallcial year for which the financial staternents are prepared is consistent with the financial ststements. and the Report of the Trustees has been prepared in accordance with applicable legal requirements. Page 8 ort of the Inde endent Audittsrs to the Members of Cransle School Litniled Matters which we are required to report by exception In the lioht of the knowledg¢ and understanding of the charitable eoittpany and its environment obtained in the course of the audit. we have not identified material mis5tatcments in the Report of the Trusiees. We have nothing to report in respe￿ of the following matters where the Companies Act 2006 requires us to rep￿ to you if, in our opinion.. adequate a¢countin(r records have not been kept or returns adequate for our audit have not beet) received from branche5 noi visited by us,. or the financial statemenis are not in agreetnent with the accounting records and returns. or certain disclosures of trustees, remuneration specified by law are not made. or we hav¢ not received all the information and explanations we require for our audit. Responsibilities of trustees As explained more ￿1]Y in the Trustees, Responsibilities Statement, the trustees (who are also the dire¢tor5 of the charitable coinpany for the purposes of company law) are responsible for the preparation of the financial statemenrs and for being satisfied that they giv¢ a true and fair view. and for such internal control as the trustees determine is necessary io enable the preparation of financial statement5 tl)at are free from material misstatement, wh¢th¢r due to fraud or error. In prcp2ring the financial statements, the trustees are responsible for assessing the charitable CoMpan￿S ability to continue as a going concern. disclosing, as applicable, matters related to going concern and usin¥ the goinu conc¢rn basis of accounting unless the trustees either intend to IEquidate the charitable wmpany or to cease operations, or have no realistic alternative but to do so. Our responsibilities for tht audit of the ftnaneial statements Our objectives are to obtain reas(Trnable assurance about whether the financial statements as a whole are free from inaterial ¥n155tat¢ment, whether due to fraud or error, and to issue a Report of the Independent Auditors that in¢ludes our opinion. Reasonable assurance is a hitsh level of assurance. but is not a nsidered the risk of acts by the charitable company that were conirary to applieable law% and regulations, including fraud. We designed audit procedures to respond to the risk, recognising that the risk of nDt detecting a material misstatement due to fraud is higher than the risk of not del¢¢¢iniF one resulting from error, as fraud may involve deliberate concealment by. for exatnple, forcFery or intentional misrepresentations, or throuuh CDIIu510ri. We focussed on laws and regulations which could give rise to a material rnisstatement in the finantial statements, including. but noi limited to. thc Companie5 Act 2006 and UK tax legislation. Our tests included agreeing the financial statement disclosures to underlying Supporting documentation and enquiries with manage¥t]ent. There are inherent limitation5 in Ihe audit procedures described a￿ve and, the further removed non-complian¢e with laws and regulations is from the events and transactions reflected in the financial statements, the1¢$5 likely we would become aware of it. We did not identify any key audii matt¢r5 r¢lating to irregularities, including fraud. As in all our audits. we also addressed the risk of management override of internal coiitro15. including tesring journals and evaluatints whether there was evidence of bias by the Irustees that represented a risk of material misstateinent due to fraud. A further description of our responsibilities for the audit of the financial statements is located on th¢ Financial Reportin Council's website at www.frc.ortt uklauditor5responsibilities. This description fonns part of our Report of the Independent Auditors. Page 9 Re ort of the Inde endent Auditors to the Members of Cransle School Limited Use of our report This report is made solely to the charitable compajiy's meinber5, a5 a body, in accordance with Chapter 3 of Part 16 of the CoTnpanies Act 2006. Our audit work has been undertaken so that we might stste to the charitable company's Inembers those inatters we are required to state to them in an auditors, report and for no other purpose. To the fullest extent perinitted by law, we do not accept or assuine responsibility to anyone other than the charitable company and the charitable companls Tnetnbers a5 a body, for our audit WQTk, for thi5 report, or for the opinions we have formed. Andrew Baunall FCA Iseiiior Statutory Auditor) for and on behalf of Johnston¢ Howell & Co btatutory Auditorg Unit 2 The Oaks Stanney Mill Lane Chester Cheshire CH2 4HY 17 April 2026 Page 10 Ci'a ol Limited Stateinent of Financial Activities oratin an Income and Ex enditure Account for the Year Ended 31 A￿oUst 2025 Incor 2025 Total nds 2024 Total funds Unrestricted fund Restricted nd Notes INCOME AND ENDOWMENTS FROM Fees received 3,832,079 i,832,079 3.606,344 Other income 302,914 60,893 363,807 ?88,962 Total 4,134,993 60,893 4.195.886 i,895,J06 EXPENDITURE ON Direet charitabl¢ expendi￿re 2,447,977 1.157 2.É149,134 2,145,369 Charltablt #ctivities Educational Activities Support Cost 671,604 500,064 63.750 5,337 7J5,354 505,401 733,816 592.978 Total 3,619.645 70,244 3,689,889 3,472,163 NET INCOMEI(EXPENDITURE} 515,348 (9.351) 505,997 423,14) RECONCILIATIOIN OF FUNDS Total fiJnd% brouJit forward 1,971,727 313,292 2,285,019 1.861.876 TOTAL FUNDS CARRIED FORWARD 2,487,075 303,941 2,791,016 2,285.019 The notes form part of these financial statements Page 11 Cransle School Limited Siatel￿ent of Financial Position 31 Au ust 2025 2025 Total funds 2024 Total fijnds Unrestricted fund ]iestricted fvnd Notes FJXV.D ASSETS Tangible ass¢ts 1,295,986 240,426 1.536,412 1,550,606 CURRENT ASSETS Stocks Debtors Cash at bank and in hand 12 13 9,501 1,067,932 2,221,534 9,501 1,067,932 2,285,235 13,282 706,587 2,607,514 63,701 3,298,967 63,701 3,362,668 3,327,38) CREDITORS Amounts falling due within one year 14 (1,790,363) (186) (1,790,549) (2.192,645) NET CURRENT ASSETS 1.508.604 63,515 1,572,119 1,134,738 TOTAL ASSETS LESS CURRENT LIABILITIES 2,804,590 30),941 3,108,5Jl 2,685,344 CREDITORS Amoullts falling due after more than one year 15 (317,51S) (317,515) (400,325} NET ASSETS 2,487,075 303,941 2,791,016 2,285,019 FUNDS Unrestricted funds Restricted thnds 19 2,487,075 30J,941 1,971,727 313,292 TOTAL FUNDS 2,791,016 2,285,019 The finaT]cial 5taleinent5 were approved by the Board of Trustee5 and authorised for issue on 17 April 2026 and were sittned on its behalf by.. Dr D P Walter- Trustee The notes forin part of these financial statements Page 12 ran e S¢hool Limited Statement of Cash Flows for the Year Ended - Ust 2025 2025 2024 Notes C25h f]ow5 from operating aet3Vities Cash oenerated from operations Interest paid {98,517) {24,763) 1.335.843 (25,371) Net ca511 (used in)Iprovided by operatin(r Activities (123,280) I,J10,472 Cash flows from Investlng aetlvltles Pur¢hase of tangible fixed assets Sale of tangible fixed assets Interest received (189.412) (305,9831 1,704 17,069 40,695 Net cash used in investing actKvities (148,717) (287,210) Cash flows from finaneing activitie5 Loan repa)ments in year (50,2821 149.676) Net cash used in financing activities 150282) 149,676) Change in cash and rash equivalents In the reporting period Cash and cash equivalent% at the beginning of the reporting period (J22,2791 973,586 2.607.514 1,633,928 Cash and ¢ash ¢quivalents at the end of the reporting period 2,285,235 2,607,514 The notes form part of these financial statements Pa(Fe IJ Cransl Sch￿1 Limited Notes to the Statement of Cash Flows for the Year Ended 31 Autru5t 20 RECONCILIATION OF NET INCOME TO PIET CASH FLOW FROM OPERATING ACTIVITIES 2025 2024 Net ineome for the reporting period (as per the Statejnent of Financial Activities) Adjustments for.. Depreciation charges L05s on disposal of fixed assets Interest received Interest paid V AT r¢GlaiTn¢d on historic fixed assets Decreasel{increase) En stocks {Inci'ease)Ideci'eas¢ in debtors {Decrease)lincrease in creditors 505,997 423,143 167,049 156,729 3,954 (17,069) {40,695) 24,763 36,559 3,781 (361.345) (434,626) (490) 33.059 711,146 Net cash (used i￿￿prOvided by operations (98,517) 1,335,843 ANALYSIS OF CHANGES IN NET FUNDS At 1.9.24 Cash flow At 31.8.25 Net eash Cash at bank and in hand 2,607,514 (3222791 2,285,235 2,607,514 (322,2791 2,285,235 Debt Debts falling due within l year Debts falling due after l year 155,768) (359,408) 3,303 46,979 (52,465) {312.429) (415,176) 50,282 {364.894) Total 2,192,338 (271.997) 1,920,341 The ni)te5 fw'm part of these financial statements Page 14 Cransl School Limited Note5 to ihe Financial Statements for the Year Ended 31 Au ust 2025 ACCOUNTING POLICIES B2$i5 of preparing the financial Statements The financial 5tatement5 of the charitable company, whE¢h is a public benefit entity und¢r FRS 102, have been prepared in accordance with the Charitie5 SORP IFRS 102) 'Accounting and Reporting by Charities= Statement of Re¢ommended Practice applicable to charities preparing their accounts in accordance wirh the Finattcial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial stateiMent5 have k¢n prepared linder the liistorical cost convention. Critical aceounting Judgements And key sources of estimation uneertainty In the application of the Company's accounting policies, managemeni is required to inake JUdg￿Trents, estiinates aiid assumptions about the carr)qn(T values of assets and liabilities that are not readily appar¢nt from other sources. The estimates Ènd underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoints ba5 Is. Revisions to accounting estimates are recognised in the perid in which the e5tiinate is revised if the revision affects only that period, or in the period of the revision and ￿Lure periods if the revision afftcts both current and ￿tUre period5. Income All income is recognised in the Statement of Financial Activities once the charity ha5 entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as as there is a legal or consiructive obligation committing the charity to that expenditure, it is probable that a transfer of econoTnic benefits will be required in settlement and the atnount of the obligation can Ix measured reliably. Expenditure is accounted for on an accruals basi5 and ha5 been classified under he2dinry8 that aggregate all cost related to the category. Wliere costs eannot be directly attributed to particular headsngs they hav¢ been allocated to activities on a basis congistent with the use of resources. Allocalioa and apportionment of eosts Costs associated to the Charity are allocated between the dii'ect charitable aciiviiies and the manatsernent and admini5ts'ative fi]nction. as these are the tivo core areas of expended resoui'ces. Tangible fixed 05set5 Depreciation is prgvided at the following annual raies in order to write off each asset over its estimated useful life. Improvements to property Short leasehold Construetion in progress G>mnasium Pavilion Fixtures and fittings Motor vehicles School equipTnent at varying rates on cost at varyino rtttes on cost noi provided 4Q/o on cost 50/0 on cost IOQ/o on cost 20/0 ori cost 250/0 011 Cost Sto¢k$ Stocks are valued at the lower of cosi and net realisable value, after making due allowance for ob501ete and slow moving item5. Page 15 continued... Cransle School Limited Notes to the Financial Statements- continued for th¢ Year Ended 31 Auo ACCOUNTING POLICIES - continued Taxation As a charity, Cransley School is exeinpt from corporation tax on income and gains falling within section 505 of the Income and Corporation Taxes Aci 1988 or section 258 of tlie Taxation of Chargeable Gains Act 1992 to the ¢xt¢nt that these are applied to its charitable objects. No tax chai'ges have arisen in the Charity other that] thos¢ relatÈng to wages and PA YE. Fund aeeountiThg Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted fvnds can only be used for particular restricted purp05e5 within tlie obj¢rts of the charity. Restrictign5 arise when specified by ihe donor or when fund5 are raised for particular restricted pllrposes. Furtlier explanation of the nature and purpose of eacl) fund is included in the n(rtes to the financial stat¢ments. where applicable. Hire purchase and leasillg commitments Renta15 paid under operating leases are charged to the Siatement of Financial Activitie5 on a straight line basis over the period of the lease. Government grants Government gianis are recognised when there is reasonable assurance tliat the entity will coinply witli tlie conditions attaching to the grarbt and the grant will be received. FEES RECEIVED 2025 2024 Fees Extra subject fees Catering Multi-sensory support Transi 3.332.808 74,647 188,420 119,142 17,062 3.072,923 84,473 195,243 113,459 140,246 3,832,079 3,606,344 OTHER INCOME 2025 2024 Donatio1)5 received Deposit account interest Sundry receipts 66,701 40,695 256,411 124,279 17,069 147,614 363,807 288,962 Page 16 continued... Cransle School Limited Notes to the Financial Slatenien15 - continued for the Year Ended 31 Au ust 2025 DIRECT CHARITABLE EXPEf4DITURE Rai$ing donations and legaci25 2025 2024 Siaff costs Departmental resources Examillation costs Music tuition sub contract Information te¢hnology Trip expen5e5 Interest payable and %imi12r chartses 2,076,870 101,464 1,866.219 93,977 14,215 9.134 42,381 183.011 24,763 i9.603 94,809 25.371 2,449, lJ4 2,145,369 CHARITABLE ACTIVITIES COSTS Support costs (see note 6) Direct Costs Totals Educational Activities Support Cost 611.146 66,317 124,208 439.084 7J5,J54 505,401 677,463 563,292 1,240,755 SUPPORT COSTS Governance costs Management Other T￿a]S Educational Activities Support Cost 124,208 408.987 124,208 439,084 16,504 13,593 533,195 16,504 13,593 563,292 NET INCOMEI{EXPENDITURE) Net incotne/(experhditllre) is stated after chargin￿(CreditIng>-. 2025 2024 Auditors, remuneration Auditors, rel￿u￿eraI1on for non audit work Depreciation - owned assets Other operatin(T leases Deficit on disposal of fixed assets 8,925 4,668 167.047 128,968 10,512 i,280 156.729 142,973 3.954 Page 17 coniinued... ransle School Limite Notes io ihe Financial Statements- c ntinued for the Year Ended 31 Au ust 2025 TRUSTEES, REMUNERATIOIY AND BENEFITS There were no trustees, rejnuneration or other beTrefJts for the year ended 31 August 2025 nor for the year ended 31 Allg￿5t 2024. Trustees, expenses Tliere were no trustees, exTxnses paid for the year ended 31 Auuust 2025 nor for the year ended 31 August 2024. STAFF COSTS 2025 2024 Salaries Social security costs Pen510ns 2,108,128 211,915 41,610 1,906,166 173.236 38,257 2,361,653 2,117,659 The average monthly nuinber of einployees during the year was as follows.. 2025 52 28 2024 52 25 Teaching staff Non teaching staff 80 77 The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was: 2025 2024 £70,001 £80.000 io. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted nd Restricted nd Total funds INCOME AND ENDOWMEf4TS FROM Fees received 3,606,344 3,606.344 Other income 178,244 110.718 288,962 Total 3,784,588 110,718 3.895,306 EXPENDITURE ON Direct charitable expenditure 2.l45.369 2,145,369 Page 18 continue