2024-08-31-accounts

Charity registration number 803766

Company registration number 2516633 (England and Wales)

CANBURY SCHOOL LIMITED ANNUAL REPOR T AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

CANBURY SCHOOL LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Governors Mr C Soden-Bird {Chair of Govemots and Compliance) Mr W Keat (Currtculum and Academic) Mrs C PatteTson (Health and Safety, SEND) Dr E Shergcld (Safeguarding and Pastoral) Mr R Marks (Finan￿ and General Purpose) Head MsPRith Bursar and Clèrk to the Governors Mrs L Anindita-Beckman Charity number 803766 Company number 2516633 Registèred offica Canbury School Kingston Hill Kingsion Upon Thames Surrey i(r2 7LN Auditor Wamer Wilde Limited 4 Marigold Drive Bisley Woking Surrey GU24 9SF Bankers Bardays Bank PLC Kingston 6 claren￿ Street Kingston-upon-Thames Surrey KT1 1NY

CANBURY SCHOOL LIMITED CONTENTS Page Govemors. report Statement of govemors, responsibilities Independent auditof s report Statement of financial activities 9-10 Summary income and expenditure account 11 Balan￿ sheet 12 statement of cash flows 13 Notès to the financial statemants 14-27

CANBURY SCHOOL LIMITED GOVERNORS. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 AUGUST 2024 The govemors present their annual report arKI finanoal S&￿ernents for the year ended 31 August 2024. The financial statements have b88n pr8paTed in accor(lance with the accounllng policies set out in note 1 to the financial statements and comply with the charrvs goveming document. the Companies Act 2006 and 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing thelr accounts in accordance with the Financial Reporting Standard applicabl8 in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)" The principal objed of the company as set out in the constilution dated 1990 and revised in 2022 is as follows: Yhe objects for which the Company is establish&J are to promote and provide for the advancement of education and in connection therewith to conduct, carry on acquire and develop in the United Kingdom any boarding or day schcd or schools for the education of children of either sex or both sexes. Public B8nefit In furtherance of these aims Canbury School's Govemors, as the charrty trustees. have complied with the duty in the Ch2Titi8s Act 2011 to have du8 regard to the Chanty Commission's published general and ￿levant subsoctor guidance con￿mIng th8 operation of the Public Benefit requirement under the Act. For the year ended 31 August 2024 Canbury School's prfncipal activty continued to be the provision of a Day School for 11- 18 year old boys and girls. The totsl number of sbJdents in the sthool in September 2023 was 72. Achievements and Perfomiance Despite its readiness to make premises available for the use of other schools and the local communty, Canbury School is not able to do so due to the stringent planning restrictions applying to the site. Canbury School continu8S to provide places for students with an Education Healthcare Plan (EHCP). The School provides specialist assistance to those students with special educational needs and to those who benefil from being educated in a deliberately small school. The educatFonal perfomiance of the School was demonstrated by the wblic examination results. In the summer of 2024. the percentage of entries achieving at least five Grade 4+ qualffiotions was 50%, including English and Maths. 62% of students who were able to sit five or more GCSES achieved at least five Grade 4+ quallficattons with 160 of the Year 11 GCSE (or equivalent) entrres exceeding their target grades. With the appropriate intervention and excellent support from the School, all of the students obtsined a place at their first Choi￿ of sixth formlcollege and are doing well in a WKle range of courses ranging from Level 1 to A levels in subjects as vast as animal care and history. Canbury School underwent a routine inspection by the Independent SCh￿Is Inspedorate {ISI} in February 2024. The inspection assessed the SchcK)I's wmplIan￿ with regulatory standards and the qualty of 115 education. Key areas of inspection were Regulatory Compliance (which indudes adherence to legal requirements such as safeguarding children, health and safety, and finan￿al management) and Educational Quality (which encompasses the School's curriculum, teaching methods, student outcomes. and overall educational experien￿). The inspection fourKI that Canbury School met all the required standards in botrt Regulatory Compliancg and Educational Quality and Govemors were pfeased that strengths of the School were recognis8d and acknowledged by the inspection team. including °Pupils' varied needs are met effectively by teachers and support staff who know their pupils well and who create warm and trusting re￿tIonShipS with them. The pastoral provision in school works together with ac2demic provision to provide effective support for all pupils. Pupils appreciate the support they receive and consequently make good progress from their slarting points.. htt s.'/lcanbu school.co.uldw ontsnvu loads120241031Canbu -ROU-Re ort-v5-20244)3-19.

CANBURY SCHOOL LIMITED GOVERNORS. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 In-house and remote extemal training for staff took place throughout the year with courses including.. those to comply with regulatory requirements. Safeguarding Refreshers; Situational Mutism. Differentiation in the Classroom", Risk Assessments in Education. ISI New inspection Framework; Teaching Neurodivergent Children., Exam Invigilation; Online Safety" and Trafficking and Mc#Jem Slavery. Canbury School continues to develop wider (x)mmunity links. In add¥iion to funds raised for a local charity each year, the Sports Department at the School actively organises competttions wth other local schools. Due to stringent planning restrictions, the School's facilities cannot be offered to other organisations to use when the School Is not using tham. The staff. studants and parents worked hard this year to raise a total of £4.330.45 for various charities, including Macmillan Cancer Research. Show Racism the Red Card, Children in Need. Rewilding Britain. Save the Children and Red Nose Day. This money was raised through a combination of mufti days. Christmas Jumper Day. bake sales and a sponsored walk. The Schwl has a bursary fvnd. whjch is a%Ydrded following a Mean￿tested assessment of those families in need who submit an application. The School conducted a ￿VIeW of the post-16 provision. Three additional small classrooms were buitt in the summer of 2024. Investrnent performance this year yielded a capitsl retum of 0.5 (2023: -0.5%) and an income retum of 4.10 (2023: 2.0°k). The calculations were performed as follows". Capital ￿tUrn = Iprofft on investments sold + change in market value of investrnentsycost of Investrnents brought fO￿ard Yo Income retum (divkdends & interest received)Imarket value of investments brought forward ¥. FOR THE YEAR ENDED 31 AUGUST 2024 Financial review The Ststemant of Financbal Activities shows n8t incoming resources of £64,210 (2023: £219.554). Having taken account of net 9ainsl(losses) on investments of £19,502 (2023: (£11.533)). the net movement in funds amounts to a sulplus of £83.712 (2023: £208,021). Income generated annually (an be expended as r8quired. A D8signat8d Fund is available to meet th8 Cost of bursaries awarded at the Head's discretlon. The Govemors are empowered to invest monies on behalf of the company from the Endowment Fund in such securities or property etc as may be thought fit. In so doing, the Govemors may delegate to any company oi firm of repute, which is an authorised person for the purposes of the Financial Services Act. the power to buy and sell investments on behalf of the cornpany in accordance with the agreed investment policy. The investment objective of the Govemors is to continue to maximise total retum through divers'thed investment both within the UK and overseas in equities, fixed-ino)me securities andlor cash. The perfomiance of the company's investment managers is monitored on a regular basis. It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be malntained at a level equivalent to between three and six months, expenditure. The govemors consider that reserves at this level will ensure that. in the event of a sign4ficant drop in funding. th8y will be able to continue the charty's current activities while considerdtion is gwen to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. The Board. with assistance from the Senior Leadership Team and the SUb￿mMittees, continues to keep the School'g activit18s under review. particularly with regard lo any major risks that rnay arise from time to time as well as the systems and procedures established to manage them. They monitor the effectiveness of the system of internal (x)ntrols and other viable means, including insurance cover vthere appropriate, by which those risks already identified can best be rnitigated. Canbury Schwl ccwperates with many local charities in an ongoing endeavour to widen public access to the edu¢alion Canbury can provide and to awaken in the students. in the public interest, an awareness of the social contexi of the all-round education they receive. Canbury School's Board of Govemors is responsible for managing the risks faced by the School. Risks are identified and assess8d, and contrds are established throughout the year. A forTnal review of th8 charitys risk management processes is undertaken on an annual basis.

CANBURY SCHOOL LIMITED GOVERNORS. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Through the risk management pro￿sseS estsblished for the School, the Govemors are satisfied Ihat the major risks identified have been adequately mitigated where necessary. It is recognised that systems can only provide asonable but not absolute assuran￿ that major risks have been adequately managed. Our key objective for the future remains the same as reported above for this year. The key controls used by the charity include: - formal agendas for am Committee and Board activity". - detailed terms of reference for all committees", - comprehensive strategic planning, budgeting and management accounting.. - established organisational structure and lines of rep)rting' - fomial risk register, regularty reviewed-. - formal written policies,. dear authorisation and approval levels. and vetting procedures as required by law for the protection of the vulnerable. Structure and ovemance Canbury School Limited is a charitabl8 rA)mpany founded in 1982. charity registratson number 803766 (X)mpany registration number 2516633, wtth the liability of its members limited to £1 each by guarantee. The Registered Office and principal address of the Company is at Kingston Hill, Kingston-Upon-Thames, Surrey. Kf2 7LN. The company is govemed by Its Memorandum and Artides of Association dated 1990 and revised in 2022. The Articles deal with such issues as Ihe general powers and duties of the Govemors as well as the detailed aspects of th8 day-to4ay running of the School. Govemors during the year. Mr W Keat (Curriculum. Education. ar￿ Standard). Mr R Marks (Finance & General Purposes), Mrs C Patterson (Heatth & Safety: SEND Govemor). Mr C Soden-Bird (Chairman of Govemors). Dr E Shergold (Safeguarding & Pastoral). None of the govemors has any beneficial interest in the company. Mr C Soden-Blrd (Chair of Govemors and Compliance) Mr W Keat (Curriculum and Academic) Mrs C Patterson (Health and Safety, SEND} Dr E Shergold (Safeguarding and Pastoral) Mr R Marks (Finance and General Purpose) The Governors meet as a Board at least three times a year lo detemiine the general policy of the Company and to review its overdll management and control, for which they are legally responsible. The work of implementing the Board's policies and the day-lo￿aY running of the Schcd is delegated to the Head and the Bursar. A resolution proposing that Wamer Wilde Limited be reappointed as audwtors of the ct)mpany will be put to the members.

CANBURY SCHOOL LIMITED

GOVERNORS' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 AUGUST 2024

Disclosure of information to auditor

Each of the Governors has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor are aware of such information.

Approved by the Board of Directors and signed on its behalf by:

Mr C 'Sod ' - overnors and Compliance) Governor ·'3 . Dated: ............

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CANBURY SCHOOL LIMITED STATEMENT OF GOVERNORS. RESPONSIBILITIES FOR THE YEAR ENDED 31 AUGUST 2024 The directors are responsible for preparing the financial ststements in accordance with applicable law and regulations. Company law requires the directors to prepare financial ststements for each financial year. Under that law the director5 have elected to prepare the financial statements in accordan￿ with United Kingdom Generally AC￿pted Accounting Practice (Untted Kingdom Accounting Standards and applicable lawl. The financial statements are required by law lo give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing those financial statements. the d1￿CtorS are required to." select suitable a¢Gounting policies and then apply them CA)nsistenUy' make judgements and estimates that are reasonable and prudent.. - stale whether applicable accounting standards have been followed. subject to any material departures disclosed and explained in the financial statements. and prepare the financial statements on the going o)ncern basis unless rt is inappropriate to presume that the company will continue in business. The directors are responsible for keeping proper accounb'ng records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with tha Companies Acl 1985. They are also ￿spOnSible for safeguarding the COmpan￿S corporate assets and ensure their proper application in accordance with chanty law. and hen￿ for taking reasonable steps for the prevention and detection of error. fraud and other irregularities.

CANBURY SCHOOL LIMITED

INDEPENDENT AUDITOR'S REPORT

TO THE GOVERNORS OF CANBURY SCHOOL LIMITED

Opinion

We have audited the financial statements of Canbury School Limited (the 'charity') for the year ended 31 August 2024 which comprise the statement of financial activities, the summary income and expenditure account, the balance sheet, the statement of cash flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, 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 financial statements:

• give a true and fair view of the state of the charitable company's affairs as at 31 August 2024 and of its incoming resources and application of resources, for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting 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 (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements 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 concern

In auditing the financial statements, we have concluded that the governors' 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 to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the governors with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the inf[o] rmation included in the annual report other than the financial statements and our auditor's report thereon. The governors are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and 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 course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, 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 to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

• the information given in the financial statements is inconsistent in any material respect with the governors' report; or

• sufficient accounting records have not been kept; or

• the financial statements are not in agreement with the accounting records; or

• we have not received all the information and explanations we require for our audit.

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CANBURY SCHOOL LIMITED INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE GOVERNORS OF CANBURY SCHOOL LIMITED Responsibilllies of governors As explained rn0￿ fulty in the statement of governors. responsibilities, the govemors. who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. and for such intemal C3)ntrol as the govemors determine is necessary to enable the preparation of financi81 statements that are free from material misstatement, whether due to fraud or error. In preparing the finan￿al statements. the govemors are responsible for assessing the charity's abllity to continue as a going concem. disdosing, as applicable. matters related to going con￿rn and using the going concem basis of accounting unless the governors either intend to liquidate the charitable company or to cease operations, or have no realistic altemattve but to do so. Audltotrs responsiblllties for the audft of the financial statements We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. The extent to which our procedures are capable of detecling irregularities. including fraud. is detailed below. Irregularitses, induding fraud, are instantss of non-complian￿ wvth la¥vs and regulations. We design procedures in line with our responsibilities. outlined above. to detect material misstatements in respect of irregularib'es, including fraud. The extent to which our procedures are capable of detecting irregularities. induding fraud. is detailed below. Wa assessed the susceplibilty of the company's financial statements to material misstatement. including obtaining an understanding of how fraud might occur. by: -making enquiries of management as to vthere they considered there was susceptibilty to fraud, their knowledge of actual, suspected and alleged fraud,. -considering the internal controls in pla￿ to mitigate risks of fraud and non-complian￿ with lavts and regulations,. and -18sting Controls with walk through procedures and substants've transaction testing,. To address th8 risk of fraud through management bias and override of controls. we: -perfomied analytical procedures to identrfy any unusual or unexpected relationships: -tested joumal entries to identify unusual transactK)ns" -assessed whether jwjgements and assumptions made in detennining any accounting estimates were indicalive of potential bias- -investigated the rationale behind sigTrfficant or unusual transactions: and A further description of our responsibilrtres is available on the Financial Reporting Council's website at: https:11 www.frc.org.uklaudrtorsresponsibilities. This description fomis part of our auditorfs report.

CANBURY SCHOOL LIMITED

INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE GOVERNORS OF CANBURY SCHOOL LIMITED

This report is made solely to the company's members, as a body, in accordance with section 391 of the Companies Act 2014. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state 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 to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

F J Wilde FCCA DChA (Senior Statutory Auditor) Warner Wilde Limited

19 March 2025

Chartered Certified Accountants Statutory Auditor

4 Marigold Drive Bisley Woking Surrey GU24 9SF

Warner Wilde Limited is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

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CANBURY SCHOOL LIMITED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024 Currenl financial year Unrestricted Unrestrlcted Endowment funds funds funds general Daslgnated 2024 2024 Totsl Total 2024 2024 Notos 2023 Income from: Charllable aclivFties Investments 2.226,329 18,428 2.226.329 34,207 2,134,609 8,039 15.779 Total income 2.244,757 15.779 2.260,536 2,142,648 Expendlture on.. Raising funds Charitable activities Other expendrture 3.412 3.412 2.192,276 638 2,192,276 638 3,912 1,919.182 12 Total expendlture 2,192.914 3,412 2,196,326 1,923.094 Net gainsl(losses) on Investrnents 13 19,502 19.502 {11,533) Net Income 51.843 15.779 16,090 83,712 208,021 Transfers beknn funds 100.000 (100.000) Net mov•ment In funds 151,843 (84,221) 16.090 83,712 208,021 Reconelllatlon of funds: Fund balances at 1 September 2023 804.439 733.630 1,073.266 2.611,335 2,403,314 Fund balances at 31 August 2024 956.282 649,409 1.089,356 2.695.047 2.611,335 The statement of financial activities indudes all gains and losses recognised in the year. All income and expenditure d8rlve from contlnulng activlts'es.

CANBURY SCHOOL LIMITED STATEMENT OF FINANCIAL ACTNITIES (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Prior financial year UnrestriGted Unrestricted Endowment fun(ts funds funds general Deslgnated 2023 2023 Totsl 2023 2023 Notes Income from: Charitable activitles Investments 2.134,609 4.150 2.134,609 8.039 3.889 Totsl incomo 2.138.759 3,889 2.142,648 Expenditure on: Raising funds Charitable activities 3.912 3,912 1.919,182 11,481 1.907,701 3.912 1.923.094 Total expenditure 1.907,701 11,481 {11,533) Net gainsl(losses) on investrnents 13 (11.533) Net Incomel(axpenditure) and movement in funds 231.058 (7.592) (15,445) 208.021 Reconclliatlon of funds: Fund balances at 1 September 2022 573.381 741.222 1,088.711 2,403,314 Fund balances at 31 August 2023 804.439 733.630 1.073,266 2,611,335 10-

CANBURY SCHOOL LIMITED SUMMARY INCOME AND EXPENDrruRE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2024 All Income funds 2024 2023 Gross income 2.260,536 2.142,648 Total expenditur6 from income funds 2,192,914 1.919.182 Not Incomo for the year 67,622 223.466 11

CANBURY SCHOOL LIMITED BALANCE SHEET AS AT 31 AUGUST 2024 2024 2023 Notes Fixed assets Tangible assets Investments 1,129,166 380,545 15 16 1,108,208 428.878 1,537.086 1,509,711 Current assets Debtors Cash at bank and in hand 17 441,684 1.538,210 489,139 1,494.607 1,979.894 1,983.746 Credltors: amounts falling due within one year 18 (882,122) {821.933) 1,101,624 Net current assets 1,151.961 Totsl assets loss current Ilabllities 2,695.047 2,611,335 The funds of the charity Endowment fijnds Unrestricted funds - general Unr8Stricted funds - Designated 21 23 22 1.089,356 956,282 649,409 1.073,266 804,439 733,630 2.695.047 2,611.335 The company is entitled to the exemption from Ihe audit requirament contained in section 477 of the Companies Act 2006, for the year ended 31 August 2024. although an audit has been carried out under section 144 of the Charities Ad2011. The directors acknowledge their responsibiliknes for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The members have not required the ￿rnpanY to obtain 2n audit of its financial ststements under the requirements of the Companies Act 2006, for Ihe year in question in accordance with section 476. These financial statements have been prepared in accordance with the prowsions applicable to companies subject to the small companies regime. The financial statements were approved by the govemors on ..-.. Governor Company registration number 2516633 (England and Wales) 12-

CANBURY SCHOOL LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2024 2024 Notss 2023 Cash flows from operatlng actlvltl88 Cash gen6rated from operations 27 49.720 406,807 Investing activities Purchase of tangiblè fixed assets Pro￿ed5 from disposal of tangible fixed assets Purchas8 of investments Proceeds from dlspos81 of Investrnents Investment income received (9,804) (2,955) (1.690) (471.931) 443.101 34.207 17 (48,711 } 52,385 8,039 Net cash (usèd in)Ig•neratsd from Investing activlties (6.117) 10,775 Net cash used In flnanclng actlvttlas Nel Increase In cash and cash equlvalents 43,603 417.582 Cash and cash 8quivalents at beginning of year 1,494,607 1,077,025 Cash and cash equlvalents at end of year 1.538,210 1.494,607 13-

CANBURY SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 AGcounting pollcies Charlty Infomiation C8nbury School Limited is a private company limited by guarantee incory)orated in England and Wales. The registered office is Canbury School. Kingston Hill, Kingston Upon Thames, Surrey. KT2 7LN. 1.1 A¢countlng convention The financial statements have been prepared in aC￿rdan￿ with the charty's goveming document. the Companies Act 2006 and "Accounting and Reporting by Charities: Ststement of Recommended Practice applicable to charities preparing Iheir acojunts in accordance with the Finan(aal Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 2019).. The charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling. whjch is the functional currency of the charity. Monetary amounts in th8se financial statements are rounded to the nearest £. The financial statements have been prepared under th8 historical ￿5t conv8ntion, [modthed to Indude the revaluation of freehold properties and to include investment properties and ceriain financial instruments at fair value]. The principal accounting policies adopted are set out below. 1.2 Going concern At thè time of approving th8 financial statements. the governors have a reasonablè expectatlon that the charity has adequate resour￿ to continue in operational existence for the foreseeable future. Thus the governors continue to adopt the going conc£m basis of accounting in preparing the financial ststements. 1.3 Charltable funds Unrestrict8d funds are available for us8 at the discretion of the govemors in furtheranca of their charitable objectives. Restricted funds are subject to speufic conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted fijnds are set out in the notes to the financial statements. Endowment fiJnds are subject to Spe(￿fiC conditions by donors that the ￿PItal must be maintained by the charty. 1.4 Income Income is recognised when the charity is legally entitled to it after any perfomiance cotldtiions have been met, the amounts can be measured ￿lIablY. and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been nolifiad of the donatson, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations r￿1Ved under Gift Aid or deeds of covenant is recognised at the time ()f the donation. Legacies are recognised on receipt or otherwise rf the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known. the legacy is treated a5 a contingent asset. Fees represents school fees re¢eiv8ble. together wrth the Tecovery of certain dired costs. Income invoiced in advan￿ is defaffed. Income receivable in respect of the endowment fvnd is designated in￿me. 1.5 Expenditure Liabilities are recA)gnised where it is more likely than not that there is a legal or constnjctive obligation commilbng the charity to pay out resources and the amount of the obligation can ba maasured wlth reasonable ￿rtainty. 14-

CANBURY SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Accountlng policles (Contlnued) Support costs have been allocated beiwe8n govem8nce costs and other support. Gov8mance costs comprise all costs involving public accounlability of the charity and its compliance with regulation and good practice. 1.6 Tanglble fixed assets Tangibl& fixed assets are initralty mèasured at cost and stsbsequentty m8asured at cost or valuation, net of depreciation and any impairment losses. Tangible fixed assets are stated al cost less deprecration. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful Irfe. as follows.. F￿8hOld Building 0% Freehold buildings. Property improvements 20% straight line IT.. 250/0 Straight line: Office equipment and furnitur6 25Yo reducing balance 250A reducing balance 25% r8ducing baLqnce Plant and machinery Freehold improvements Motor vehicles Th8 gain or loss arising on the disposal of an asset is dei8rmined as the differ8nc8 b8iw88n the sa18 proce8ds and the carrying value of the asset. and is recognised in ststement of financial activitias. 1.7 Fixed asset investments Fixed asset investments are Inrtlalty measured at transaction Prfce excluding transaction costs, and are subsequently measured at fair value al each reporting date. Changes in fair value are recognised in net incomel{expenditure) for the year. Transaction costs are expensed as incurred. 1.8 Impalrment of fixod assets At 8ach r&porting end dat8, th8 charity reviews th8 carrying amounts of its (angibla assets to determino whether there is any indication that those assets have suffered an impaiment loss. If any such indication gxists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (If any). 1.9 Cash and cash equlvalents C8sh and cash equivalents include cash tn hand. deposits held at call with banks, other short-term liquid Investments wtth orlginal maturlttes of three months or less, and bank overdtafts. Bank overdrafts are shown within Ix)rrowings in current liabilities. 1.10 Flnancial Instruments The charity has elected to appty the provisions of Section 11 '8asic Financial Instruments. and Section 12 'Other Financlal Instruments Issues. of FRS 102 to all of its financlal instrumenls. Financial instruments are recognised in the ctharitys balance sheet when the charity becomes paty to the contractual provisions of the instrument. Financial assets and liabilits'es are offset. with the net amounts presented in the financial ststements, when there is a legally enforceable right to set off the recognised amounts and there is an intenb'on to settle on a net basis or to reallse th8 asset and s8ttJe the liability simultaneously. 88slc flnancial assets Basic financial assets. which indude debtors and cash and bank balaTh￿s. are iniknally measured at transaction pri￿ including transaction costs and are subsequently carried at amortised o)st using the effectiv8 interest method unless the arrangement {￿StIluteS a financing transaction. whare the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as re￿1vable within one year are not amortised. 15-

CANBURY SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 (Continu8d) Accounting policles Basic financial liabilities Basic financial liabilitias, induding cr&ditors and bank loans are initially recognised al transaction price unless the arrangement constitutes a financing transaction, where the debt instrument 19 measured at the present value of the future payments diswunted at a market rate of interest. Financial liabilities Classified as payable within one year are not amortised. Debt instruments are subsequently carried at amorknsed cxjst. using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are dass"ffied as current liabilities rf payment is due within one year or less. If not, they are presented as n0n-cu￿ent liabilities. Trade creditors are recognised inibally at transaction pri￿ and subsequenuy measured at amortised cost using the effective intarest method. Derecognitlon of financial liabilities Financial liabilities are derecognised when Ihe tharity's contractual obligations expire or are discharged or cancelled. 1.11 Employee beneffts The cost of any unused holiday entitlement is recognised in the period in which the employee's setvTrS are received. Temiination benefits are recognised immediatety as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide temiination benefits. 1.12 Retirement benefits Payments to dafined contribulion retirement benefit schemes are charged as an expense as they fall due. 1.13 Resources Expended Liabilities are recognised where either a legal or ￿nstrUctive obligation exists. Charitable expenditUTe comprises the costs of running Ihe school. This includes departmental expenses together with the cost of teaching staff. Management and administration Costs indude the costs of running the school building together with administration staff costs and other Costs not directy associated with teaching. 1.14 Irrecoverable VAT Irrecoverable VAT is written off to the SOFA as incurred and is disclosed in the same manner as the expense to which it relates. 1.15 Loas8s Rental costs under operating leases are charged to the statement of financial activity in equal amounts over the period of the leases. Interest on finance leases are charged to the statement of financial a(*vity whilst capital repayments are debited to the balance sheet reducing the liabiility. 16-

CANBURY SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Crltical accounting ostlmates and judgements In the aprrfication of the charlty's accounting policies, the governors are requlr8d to make Judg8m8nts estimat8s and assumptions about the carying amount of assets and liabilities that are not ￿adIlY apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. Th8 estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised In the perlod In whid) the esttmate Is revlsed where the rewsion affects only that P8riod, or in the perfod of the revision and fvture peri¢xls where the revlsion affects both current and future periods. Income from charltable actlvltle8 Unrestricted Unr•8trlctod funds fund8 2024 2023 Charltable actlvltlas Services provided under contract Other income Less.. defer￿d income 2,916,149 46,168 (735.988) 2.802.986 16,501 (684,878) 2,226,329 2,134,609 Incomo from Investments Unre8trlctad Unr08trfcled fvnds funds genoral Deslgnated 2024 2024 Total Unrnstricted Unreslrlcted funds funds general Daslgnated 2023 2023 Total 2024 2023 Income from unllsted investments Interesl receivable 15.779 15,779 18,428 18.428 3.889 3,889 4,150 4.150 18.428 15.779 34,207 4,150 3.889 8.039 Expendlturn on raising funds Endowment Endowrnent funds funds 2024 2023 Investment management 3,412 3,912 17-

CANBURY SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS {CONnNUED) FOR THE YEAR ENDED 31 AUGUST 2024 Expenditure on charitable activities Charitable actlvitios 2024 Charitable activities 2023 Dlrect costs Staff costs Depreciation and impaimient Other costs 1.493,107 31.813 246,951 1.333,514 50,654 213,762 1,771.871 1,597,930 11,481 Grant funding of activities (see note 7) Share of support and governance costs (see nots 8> Support Governance 344,081 76,324 196,681 113.090 2.192,276 1,919,182 Anatysis by fund Unrestricted funds- general Unrestricted funds- Designated 2.192.276 1.907.701 11.481 2,192,276 1,919,182 Grants payable Charltable activities 2023 11,481 Grants to indNiduals In order to allow affected students to continue wth their studies. the Govemors have utilised some of the School's bursary and hardship fund to subsidise a shortfall for students ftjnded by Local Authorities, where those Authorrties do not settle the full cost of the invoices issued to them. 18-

CANBURYSCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Support costs allocatod to acthiitlos 2024 2023 Premises running costs Insuran Repairs and Maintenance Office and computer costs Subscriptions Entertalning Sundry expenses Advertising Governance costs 60,005 32.113 172,059 65,716 3.102 1.966 745 8.375 76.324 52,854 30,375 26,417 75.654 853 639 113,090 420.405 309.771 Analysed between: Charitable activities 420.405 309,771 Audlt fees includes an accrual of £4.944 (2023.. £4.800) audit services. £2.678 (2023: £2.600) accounts preparation and £1.524 {2023.. £1,480} Irrecoverable VAT. Net movement in funds 2024 2023 The net movement in funds is stated after charginty(crediting): Fees payable for the audit of the charitys financial statements Depreciation of owned tangible r￿ed assets Loss on disposal of tangible fixed assets 11.762 31,813 638 9.424 50,653 10 Governors None of the governors (or any persons ￿nnected them) re￿iVed any remuneration or benefits from the charrty during the year. 11 Employees The average monthly number of employees during the year was: 2024 Number 2023 Number Teaching Non-teaching Administrats'on and support 16 17 15 16 Total 39 37 19-

CANBURY SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 (Continued) 11 Employees 2024 2023 Employment costs 1,285,618 120,874 86,615 1,163,065 94,863 75.586 Wages and salaries Social security costs other pension costs 1,493.107 1.333.514 Annual remuneration for the purposes of disdosing higher paid employees excludes employerfs pension contribub'ons. Key management personnel are defined as the Senior Leadership Team, total remuneration including employef s national insurance and ￿nSIOn contributions for the y8ar was £285.002 (2023.. £301,357). The 2023 figure includes an accrual for Ihe notice period of the outgoing Head Teacher in accordance with their contraGL The number of employees whose Annual remuneration was more than £60.000 is as follows.. 2024 Number 2023 Number Direct charitable: Full time £60.000- £69,999 Direct ¢haritable: Full time £90,000 - £99.999 Of the employees whose emoluments exceed £60.000. 3 (2023: 1) have retirement benefits accruing under d8finad benefit pension schemes. Remuneration of key management pèrsonnel The remuneration of key management personnel is as follows. 2024 2023 285,002 301,357 Aggregate compensation 12 Other expendlture Unrestricted Unrestrlcted funds funds 2024 2023 Net loss on disposal of tangible fixed assets 638 -20-

CANBURY SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 13 Gains and losses on investments Endowment Endowment funds funds 2024 2023 Gainsl{losses) arising on: Revaluation of investments Sale of investments 378 19,124 (13,729) 2.196 19.502 {11,533) 14 Taxatlon The whole of the companls income is appli8d for tharitable purposes and as 8 result the company is exempt from corporation tax. 15 Tanglble fixed assets Freehold Building Plant and Fmhold machinery improvements v•hicles Cost At 1 September 2023 Additions Business combinations 1.054.052 295.236 6.704 {1,820) 289.073 4.920 56.480 1.694,841 11,624 {1.820) At 31 August 2024 1,054.052 300.120 293,993 56.480 1,704.645 DepTrciation and impaimient At 1 September 2023 Depreciation charged in the year Eliminated in respecl of disp)sals 271.875 9,690 (1.052) 255,217 17.649 38.584 4.474 565,676 31,813 (1,052) At 31 August 2024 280.513 272.866 43,058 596,437 Carrying amount At 31 August 2024 1.054,052 19,607 21,127 13,422 1,108,208 At 31 August 2023 1.054.052 23.362 33,856 17.896 1,129,166 The govemors consider that the market value of freehold land and buildings is materially greater than the cost of those buildings. The market value cannol be easily quantified due to alterations made over time to make the building suitabte for its specialised use as a school. 21

CANBURY SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 16 Fixed asset investments Listed invostments Cost or valuation At 1 September 2023 Additions Valuation changes Disposals 380,545 471,932 378 (423,977) 428,878 At 31 August 2024 Carrylng amount At 31 August 2024 428,878 380,545 At 31 August 2023 Flxed asset Investments revalued Investments are valued at Market Value, specffically the previous trading day's closing prices. The histr)ric Cost of investments as at the year end Is £471.932 {2023". £340,926). 17 Debtors 2024 2023 Amounts falling due within one year: 400,643 8.639 32,402 343,734 138.129 7,276 Trade debtors other debtors Prepayments and accrued income 441,684 489,139 18 C￿ditOrS. amounts falling due within one year 2024 2023 Notes other taxation and social security Deferred income Trade creditors Other creditors Accruals 24,954 735,988 (714) 50.102 11.603 21,706 684,878 9,555 151.103 14,880 19 821,933 882.122

CANBURY SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 19 Deferred Income 2024 2023 Other deferred income 735,988 684,878 Def8rr8d Income Is included In the financial statements as follows: 2024 2023 Defer￿d income is included within: Current liabilFlies 735,988 684,878 Movements in Ihe year.. Deferred income at 1 September 2023 Released from previous periods Resources deferred in Ihe year 684,878 1684,878) 735,988 674,725 1674,725) 684,878 D6ferred income at 31 August 2024 735.988 684,878 Income Is Involced termly In advance. Income Is deferred where It relates to future perlods. 20 Retlrnment benefit schemes Defined contrlbutlon schomos 2024 2023 Charge to profit or loss in respect of defined contribution schemes 86,815 75,588 The charity operates a defin@d contribution pension scheme for all qualifying employees. The ass8ts of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payaLle by tha company to the fund. The organisation also participales as a member of a group pension, the Teacherfs Pension Scheme (TPS). Contributions to the scheme are determined by the Govemment Actuary every five years using normal aciuarial principles. Th& scheme is a statutory, contributory. final salary scheme and the company is unable to identify its share of undertying assets and liabilith'es. Consequently, the charity has accounted for the contributions as if it were a defined contribution scheme. -23-

CANBURY SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 21 Endowment funds The èndowment fund was established by a grft from a previous headmaster. It comprises the school building and investment portfolio. At1 September 2023 Resources expended Gains and At 31 August losses 2024 Pemanent endowments Permanent endowment 19,502 1,089,356 1,073,266 (3.412) Galns and At 31 August losses 2023 Provious year: At1 September 2022 Resources expended Permanent endowments Permanent endowment 1,088,711 (3,912) (11,533) 1,073,266 -24-

CANBURY SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 22 Unrgstrlctsd fvnds - Deslgnatod These ar8 unrestricted fijnds which are material to the charttvs activities. At1 Seplember 2023 Incomlng Resources resources exponded Transf8rs At 31 August 2024 Investment IncJ)me Bursary and Major Repairs Fund Information Technology Developement Fund R8furbishment Fund 342,255 15.779 358,034 100,000 291,375 (100,000) 291.375 733,630 15,779 1100,000) 649,409 Previous year. At1 Sèptember 2022 Incoming ResourrA$ resources expanded Transfor8 At 31 August 2023 Investrnent IncL)me Bursary and Major Repairs Fund Technology Development Fund Refurbishment Fund 349,847 100,000 291,375 3,889 (11.481) 342,255 100,000 291,375 741.222 3.889 (11,481) 733,630 Bursary Fund Donations represent donations to the school, allocated to provide bursaries by the Trustees. The Information Technology Development Fund represent a provision for planned IT expenditure. Refurblshment Fund: The trustees have established a deslgnated fijnd to refurbish deslgnated areas including the student doakroom and toilets. 23 Unrestrictsd funds A d6signated fund has b88n established from incom8 generated by the charity's invgstrnent portfolio to fund major repairs to property, bursaries and certain ￿pital expenditu￿. At1 September 2023 Incomlng Resources resources expended Transfors At 31 August 2024 General funds 804.439 2.244.757 (2.192.914) 100.000 956,282 -25-

CANBURY SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 23 Unrestricted funds (Conlinuod) Previous year. At1 September 2022 Incoming Resources resources expended Transfers At 31 August 2023 General fvnds 573.381 2,138.759 (1.907.701) 804,439 24 Analysis of net assets between funds Unrestricted Unrestricted Endowment funds fvnds funds general Designated 2024 2024 Total 2024 2024 At 31 August 2024: Tangible assets Investments CUr￿nt assetsl(liabilities) 18.852 378 937.052 1,089.356 1,108.208 428,878 1,157,961 428,500 220,909 956,282 649,409 1,089,356 2,695,047 Unrestricted Unrestricted Endowment funds funds funds general Designated 2023 2023 Total 2023 2023 At 31 August 2023: Tangible assets Investments Current assetsl(liabilities) 55,900 38,290 710,249 1.073,266 1,129,166 380,545 1.101,624 342,255 391,375 804,439 733.630 1.073.266 2.611.335 25 Related party transadions Thare were no disclosable r81ated party transactions during the year (2023 - none). 26 Analysis of ¢hang•s in nat fvnds The charity had no material debt during the year. -26-

CANBURY SCHOOL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 27 Cash generated from opgration5 2024 2023 Surplus for the year 83,712 208.021 Adjustments for= Investment income recognised in statement of financial aclrvities Loss on dlsposal of tangib18 fixed assets Gain on disposal of investments Fair value gains and bsses on investments Depreciation and impaimient of tangible fixed assets (34,2071 638 (19.124) {378) 31,813 {8,0391 (2,196> 13,729 50,654 Mov8m8nts in working rApitsI: Decrease in debtors (Decreaseyincrease in creditors Increase in deferred income 47,455 (111.299) 51.110 7,454 119,407 10,153 Cash generatsd from operatlons 49,720 399,183 -27-