**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..
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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: ............ 

- 4 - 



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. 

- 6 - 



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. 

-8- 



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-