Thought pastry sheet at room temperature for 30 minutes. Preheat oven to 400°. Beat egg, add water, set aside.
Unfold pastry sheet on floured surface. Roll into 14 innch square. Cur off corners to make a circle. Spread preserves to 1 inch of pastry edge. Sprinkle cranberries over preserves. Top with cheese. Trim remaining sides to 2 inches from edge of cheese. Fold over the two sides onto the cheese. Press edges to seal. Place seam side down on baking sheet. Decorate top with pastry scraps if desired. Brush with egg mixture.
Bake for 20 minutes or until golden let stand for one hour