ASCOT PRIORY
REGISTERED CHAIUTY NO. 217425
ANNUAL REPORT AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
KNOX CROPPER

ASCOT PRIORY
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Contents
Page
Charity Information
Report of the Trust*s
Independent Examlner's Rewrt
Statement of Flnancial Actlvities
Balance Sheet
Notes to the Flnanclal Statements

ASCOT PRIORY
CHARITY INFORMATION
Reglstered CharSty Number: 217425
Prlory address:
Ascot Priory
Prlory Road
Berkshire
SL5 8RT
Trustees:
The Reverend Dr P B Anthony
The Right Reverend J M R Baker, Bishop of Fulham
Mr J D S Booth (Chalrn)an)
Dr T A Trowles
The Reverend Dr G Westhaver
Clerk to the TNstees:
St Andrew Holborn Tradlng Company Limlted
Bursar:
St Andrew Holborn Tradlng Company Lrmlted
Bankers:
TSB Bank plc
21 Hlgh Street
Ascot
Berkshlre
SL5 7JE
Independent Examlner:
Knox Cropper LLP
65 Leadenhall Street
London
EC3A 2AD
Sollcltors:
Charles Russell 5peechlys LLP
5 Fleet Place
London
EC4M 7RD
Investment Manager$:
Evelyn Partners (formerlysmlth and WSlllamson Investment Servi￿5 Ltd)
45 Gresham Street
London
EC2V 7BG

ASCOT PRIORY
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
We are pleased to present the annual report and flnanclal statements of Ascot PrS0ry for the year ended 31
December 2023.
The flnandal statements have been prepared in accordance wlth the accountlng polides set out in note l and
they comply wlth the Charivs Trust Deed, appllcable law and the requirements of the Ststement of
Recommended Pract1￿, "Accounting and Reporting by Charitles" Issued by the Charlty Commis510n.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity now known as Ascot Priory was originally founded by a Trust Deed dated 24 February 1874 and
wa5 prevlously known as The Soclety of the Most Holy Trlnlty of Ascot, Lats of Devonport. In addltion, there
were schemes for the regulatlon of the charity made by the Charlty Commis51on on 2 May 1902 and 18 August
1911. The name of the Charity was changed to Ascot Priory on 5 October 2000 and the new scheme replaced
the former trusts of the Charlty. The scheme of 5 octo￿£r 2000 lays down detailed requlrements for the
governance of the Charity and the conduct of the buslness of the Trustees. The Trustees are obliged to have
at least IMO ordinary meetings in each calendar year. A further scheme dated 7 March 2001 conferred some
additional powers on the Trustees.
The Charlty Is registered wlth the Charlty Commission (reglstration number 217425). TheTrustees of the Charlty
administer the Charity's propeity and assets for the benefit and purposes of the Charity,
Ascot Priory 15 a setf-supportlng organlsation and Is not dependent on donations or any sources of intangible
income. Ascot Pflory Is not materially dependent on the services of unpaid volunteers. The Income of the Charlty
is to be used to meet the costs of admlnlsterlng the Charity and managing its property and furthering the
objects of the Charlty.
St Andrew Holborn Tradlng Company Ltd acts as the Clerk for the Charlty and discharges the duties of the
Bursar,
In additlon to the exoffldoTrustee (the Principal for the time belng of Pusey HoLsse, reglstered charlty number
1190385), the scheme statss that there should be four co-opted Trustees. All four co-opted Trustees were re-
appointed for a further flve-year term in 2022 at a speclal meeting in accordance wlth the provisions of the
scheme.
New Trustee5 are briefed by the Clerk to the Trustees on matters Including Trustee dutles, powers and
responslbllltles,
See note 17 for detolls of transactions with Tru5tee5, who are considered to be the only related partie5 of the
Charlty.
PUBLIC BENEFIT
We conflrm that we have referred to the gUSdan￿ contained In the Charlty Commlsslon's general guidance on
the subject of Publlc Benefit when revlewlng the Charity's aims and objecilves and in plannlng future actlvlties
for the forthcoming year.

ASCOT PRIORY
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
OBJECTIVES AND ACTIVITIES
The objects of the Charity are the furtherance of the religious and other charitable purposes of the Church of
England, In particular In accordance with the doctrine5 commonly known as Anglo-cathollc, by such means as
the Trustees think fit, and the rellef of persons who are In need, hardshlp or distres5 or who are sick,
cOnvale￿nt, disabled or infirm by relieving their sufferlng or asslsting thelr recovery, The Trustees may relieve
those eliglble for assistance by making grants of money to them directly or providing or paylng for go(xls,
services or facllities on their behalf or by makSng grants of money to other persons or bodies who provide
gcKds, servi￿$ or facilities to those ellglble for asslstance.
Our maln goals for the year were.,
To meet the Charity's objects.
To explore the kst use of the propety at Ascot in furtherlng the aims and objects of the Charlty.
In order to achleve these goa15, we held three meettngs during the year to consider all matters relatlng to the
administration of the Charlty includlng the Investment policy and the income arising from the propety and
Investments held by the Trust. In particular we contlnued to conslder the potentlal sale or other disposal of the
Charlty estate In ways that wlll maxlmlse the beneflt to the Charty whlle stlll respecting the herltage of the
conventual property and burial ground.
ACHIEVEMENTS AND PERFORMANCE
We reviewed our grant maklng pollcy and criteria for awardlng grants durlng the year and were delighted to be
able to award grants totalllng £87,830 {2022,' £132,601), Our grants have, amongst other thing5, SUPPOrted a
academlc studies, admlnistrative support and Improvements to communlty fac51ities. The largest single grant
was for £23,C4)0.
DIscu55i0ns contlnued throughout the year on the possible dlsposal of the Charlty's property. These dlscussions
have been ongolng now for some tlme, but progress was made in plannlng terms durin9 the year and we hope
to be able to reach a resolution durlng 2024. The Prlory remalns closed to the publk as we progress those
dlscusslons toward5 sale.
Our investment assets have been invested In accordan￿ wlth the powers avallable to U5. We have delegated
to the discretion of Investment managers the acquisition and dlsposal of investmerits for the Charlty In
complIan￿ wSth the Investment policy we have laid down. 2023 was for us, a5 for virtually all other investors,
a mixed year for Investrnents, but we eventually ended the year wlth investment Income very slightly above
that for 2022. Rental income continued from the care home, which leases the majority of the Prlory and its
ground5. The rental ina)me means that we are able to meet our responsibilitie5 in respect of the maintenance
of the fabric of the buildings.
OBJEcfIvES FOR FUTURE YEARS
The main objectives for the coming year are:
To continue to provide flnancial supprt for the primary objects of the Charlty.
To contlnue to explore the best use of the property at Ascot in furthering the aims and objects of the
Charity.

ASCOT PRIORY
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
FINANCIAL REVIEW
The Charity holds listed investments, which are professionally managed, and the land and bulldings of Ascot
Priory. No value for the propertle5 is Included In the accounts as they are regarded as herStage a55ets.
In the year ended 31 De￿mber 2023 an amount of £8,018 (2022: £39,949) was Incurred on repairs,
maintenance and improvements on the properties. Damage to and by the large number of mature trees on the
propety account for the bulk of the expendlture. This has been included under the headlng of maintenance
and restoratlon In the Charltable Activities. The Trustees contlnue to review the optlons avalSable for the future
use of the Prlory to support the long-term objectives of the Charity and for thls purpose £10,224 (2022.. £2,100)
was Incurred In professional fees. The market value of the Ilsted Investments at 31 De￿mber 2022 was
£1,933,904 (2022.. £1,626,043) against cost £1,450,632 (2022: £1,305,687). In addition, cash available for
Investment at 31 December 2023 totalled £47,193 (2022.. £165,447).
Fund5 avallable to the Charity arise malnly from divldend income derived from the investment a55ets, rent5
re￿ived, other interest on bank deposlts and some small donations. Such funds have been applied prlncipally
to meet the cost of ensuring the furtherance of the Catholic tradltion withln the Church of England, maintalnlng
and Insurlng propertles held by the Trustees and meetlng the admlnistrative costs of the Charlty. The Charity
is not involved in fund-ralslng and Is not dependent upon particular donors.
The Charlty had expendlture for the year of £269,398 (2D22: £330,960). Realised and unreallsed gains on
investment asset5 totalled £102,883 (2022: losses of £184,167).
The Trustees believe that the assets available to the Charity are adequate to fulfil Its obligations in the short
tem. However, if theTrustees fail to identlfy a purchaser for the property In the foreseeable future, considerable
maintenance work to the property Is expected to deplete investments, especially in the Charity's unrestricted
funds. It Is in thls context that the Trustee5 are giving consSderation to the best future use of the Charity's
property.
INVESTMENT POLICY AND REVIEW OF INVEsfMENTS
Investments held w5thln the endowment fund are managed by Evetyn Partners (fomierly Smith & Williamson
Investment Servlces Ltd) to provlde a balance of Income generatlon, for general purposes, and capital growth
In excess of inflation over the long term. The Investment policy In reSp￿t of the Investments held within
unrestrlcted funds Is to deliver maximum cap5tal growth,
The value of the total investment portfolio Increased by £142,414 (2022: decrease £157,243). The unrealised
and realised gains and losses on Investment assets totalled £116,437 (2021.. unrea115ed losses of £184,167).
RESERVES
Ascot Priory is endowed with a Grade Il listed church and other bulldlngs of great beauty which require continual
repalr and malntenance. The Trustees conslder it would be approprlate to hold resetves to cover unexpected
costs In relatlon to the upkeep and malntenance of the Prlory and related bulldlng5 and also to cover
approxlmatew 6 months, underlying running costs of the Charity, whlch are estlmated to be In the region of
£170,000. The Trustees regard the reserves of the Charity as the assets held without restriction, excludlng
tanglble assets held for the charlty's own use which totalled E404,182 at the year end (2022: £346,959),
RISK MANAGEMENT
The Trustees have assessed the major rfsks to which the Charlty is exposed, in particular those relating to the
operation and finances of the Charity. The Trustees are satisfied that systems are in place to mltlgate or lessen
exposure to the major risks faced by the Charity.

ASCOT PRIORY
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2023
The prlncipal area of risk to the Charity is its ability to generate sufflcient Income from investments, rental
income and retreats to enable the Charity to fund the necessary malntenance and repalr costs relating to the
fabrle to enable the contlnued use of the Priory to meet the primary objectives of the Charity. The Trust
have considered these matters in detail in the course of thelr meetlngs during the year. The Trustees also
ensure that the Insurance cover relevant to the Charity is malntsined at an appropriats level and obtain regular
profe55ional advi￿ on thls matter.
RESPONSIBXLITIES OF TRUSTEES
The Trustees are requlred to prepare accounts for each financial year which give a true and fair view of the
state of affairs of the Charlty and r)f its financlal activities for that period. In preparing those accounts the
Trustees are required to:
Selert sultable accounting wlicies and then apply them conslstently.
Make judgements and estlmates that a￿ reasonable and prudent.
State whether applicable accounting standards and statements of recommended practlce have been
followed, subject to any departures dlsclose and explained in the accounts
Prepare the accounts on the golng concern basi5 unle55 it15 inappropriate to presume that the charlty
wlll conunue In business.
The Trustees are responsible for keeplng accounting records which disclose with reasonable accuracy the
flnancial position of the tharity and whlch enable them to ascertaln the financlal wsition of the charity and to
enable them to ensure that the flnanclal statements comply with the Charitles Act 2011 and the applicable
Charities (Accounts and Reports) Regulatlons, They are also responsible for safeguarding the assets of the
charlty and hence for taking reasonable steps for the prevention and detection of fraud and other irregLflaritles.
INDEPENDENT EXAMINERS
The reappolntment of Knox CropkEr LLP as Independent examiners will be put to a future Trustees, meetlng.
Slgned on ￿half of the Trustees,
Date: 25 June 2024
JDS Booth, Chalrman

INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES
OF ASCOT PRIORY
I report to the Trustees on my examSnatlon of the accounts of Ascot Priory for the year ended 31 De￿mber
2023 whlch comprlse the Statement of Flnancial Attivlties, the Balan￿ Sheet and related notes. Thls report Is
made to the Trustees, as a body, in accordan￿ with the terms of my engagement. My work has been
undertaken 50 that I mlght carry out an Independent Examination of the financial statements In accordan
wlth the General Dlrertions given by the Charlty Commissioners. To the fullest extent permitted by law, I do
not accept or assume re5ponslbility to anyone other than the Charlty and the Charlty's Trustees as a bcKly for
my work or for this report.
Responslbilitie5 and basls on report
As the Charity Trustees you are responsible for the preparation of the accounts In accordan￿ with the
requlrements of the Charitie5 Act 2011 {'the Act,).
I report in respect of my examlnation of the Charity's accolsnts carrled out under section 145 of the 2011 Act
and in carying out my examlnation I have followed all the applicable Dlrections given by the Charity Commisslon
under 5ertlon 145{5)Ib) of the Act,
Independent examlner's statement
Slnce your Charity's gr05s income ex￿eded £250,000 your examlner must be a member of a Ilsted body. I can
confimi that l am qualified to undertake the examinatlon because l am a reglstered member of the In5tltute of
Chartered Accountants in England and Wales which is one of the11sted bodies.
have completed my examinatlon. I confTmi that no materlal matters have come to my attentlon in connectlon
with the examination givlng ME cause to believe that In any material respect:
l. accounting records were not kept In respect of the Charity as requlred by sectlon 130 of the Act; or
2. the accounts do not accord with those records,. or
3. the accounts do not comply with the applicable requlrements concerning the form and content of affounts
set out In the Charities (Account5 and Reports) Regulatlons 2008 other than any requirement that the
accounts give a'true and fair vlew, whkh Is not a matter considered as part of an Independent examlnation.
Z have no cOn￿rn5 ané have come across no other matters in connecllon with the examlnatlon to whlch
attention should be drawn in thls report In order to enable a proper understandlng of the accounts to be
reached.
Greg stevenson, F.C.A.
Knox Cropper LLP
Chartered Accountants
65 Leadenhall Street
London, EC3A 2AD
2024

,Elili i }Il

Pa£Je 18
ASCOT PRIORY
BALANCE SHEET
AS AT 31 DECEMBER 2023
2023
2022
Notes
FIXED ASSETS
Tangible assets
Investments
115
1,933,904
173
1,791,490
io
1,934,019
1,791,663
CURRENT ASSETS
Debtors
Cash at bank
IL
1,610
L91,321
3,499
214,921
192,931
218,420
CREDITORS:
Amounts falllng due within one ye?r
12
(53,8661
{53,8851
NET CURRENT AssErs
139,065
164,535
NET ASSETS
2,073,084
1,956,198
FUNDS
Endowrnent funds
Restricted funds
Unrestrlcted funds
13
14
1,594,674
74,113
404,297
1,506,974
102,092
347,132
2,073,084
1,956,198
Approved by the toard of Trustees on .
slgned on Its behalf by..
2024
The notes form part of these flnancial Statements.
These flnancial statements have been subjert to Independent examinaUon. See report on page 6.

ASCOT PRIORY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
ACCOUNTING POLICIES
ststus of the charlty
Ascot Priory is an Is an unlncorporated tharty, reglstered with the Charlty Cornmlsslon wlth registered number
217425. The Charlty's registered addre￿ is Ascot Prioryi Prlory Road, Ascot, Berk5hlre, SL5 8RT. A description of
the Charity s operatlons and prlncipal acknvlues can be found In the Report of the Trustee5.
Basls of Preparatlon and Assessment of yolng concern
The accounts have been prepared under the historlcal cost conventlon wlth Item5 recognlsed at COSt or trans3ttlon
value unless otherwise stated in the relevant notes to these accounts. They have been prepared In dccordance
wilh the Statement of Recommended Pract1￿ Accounting and Reporting by Charlties preparlng thelr accounts in
accordan￿ with the Financlal Reporting Standards appllcable in the UK and Republic of Ireland (FRS 1021 Second
Edition issued in October 2019 and the Flnancial Reporting Standard applicable in the United Kingdorn and Republic
of Ireland {FRS 102 March 2018} and the Char(tles Att 2011.
The accounts have been prepared to give a 'true and falr vlew, and have departed from the Charllies (Accounts
ond Reports) Regulatlon5 2008 only to the extent requlred to provide a Irue and falr view,. This departure involved
following Accounting and Reporting by Charities preparlng thelr a￿oUnts in accordance with the ￿nandal
Reporting Standard appllcable in the UK and Republic of Ireland IFRS1021 rather thèn the Accounting
RepLTrrtlng by Charlties Staternent of Recommended Pract1￿ effeLtwe from 1st Aprtl 2005 which has SIn￿ been
w￿hdrawn.
The Charity constitutes a public benefit entity as defined by FRS 102.
The Trustees consbder that there are no Un￿rtaInt￿e5 about the Charity's ability to continue as a golng concern.
Income
Dividends and other Snvestment income are credited on a ￿￿1Vable basls. Depos￿ interest and rental income are
credited on an accruals basi5. Investrnent incowe arisin9 on holding within the endowment funds is available for
use by the Trusiees to meet all the objects of the Charity and 15 therefore accounted as income in the unrestricted
fund,
Expenditure
Expenditure is recognised once there 15 a legal or constructive obligation to make payment to a third paty. It is
pri*able that settlement will b2 requlred and the amount of the obllgation can be measured reliably.
Costs are allocated according to functyon and henTr to the appropriate category. Where expenditure related to
more than one functlonal category, a reasonable method of allocation Is determined,
Operatlng lease Income
Rentals received on operating leases are credlted to Incoming resources on a 5tralght-Ilne basi5 over the term of
the lease.
Tanglble fixed assets
an
Land and building are not recorded in the accounts as (a) they are Inalienable and historlcal In nature and cannot
be disP05ed of except with the written consent of the Charity Commission. Ib) reliable cost information 15 not
available and conventional valuation approaches lack sufficlent rellability; and Ic} the costs to include would far
ex￿ed benefits.
Part of the freehold land and buildings are leased to an operabon supplying accommodatlon and servi￿$ tr) the
aged, Due to the restrictlons on realisbng the value of ihe property, the Leased element of the property has not
been classified a5 investment propety and measured at fair value.
ixture
tiin
Depreciation is provided to write-off the cost less ￿tiMated resldual value of such tanglble fixed asset5 over a
usefvl Ilfe of 5 or 10 Yea￿ in equal Instalments.

Page | 10
ASCOT PRIORY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
ACCOUNTING POLXCIES (contlnued)
Fixed asset investments
The Charlty's Investments consI5t only of quoted Securit￿$. Initially they are recognised at their transactlon value
and subsequently measured at their fair value as at the balance sheet date uslng the dosing quoted market prf￿.
The Statement of flnanckil artlvilles includes the net galns and losses ar151ng on the revaluatknns and dispDSals
throughout the year.
Reallsed gains and Losses on Investments are calculated as the differe￿ between sales proceeds and thelr opening
carrying value ortheir purchase value if acquired subsequent to the first day of the financial year. Unrealised gains
and losses ale calculated as the difference bel￿een the fair value at the year end and their carrylng value.
Funds
(l) UnrestrittedFunds.'
The unrestrlrted fund may be used by the Charity in furtherance of its charitable objects at the dlscietlon of
the Trustees.
(iij EndowmentFunds.'
Perrnanellt endowment fur￿5 are restricted capttal fund5 Whe￿ there Is no power to convert the orlginal
capital to income. Income generated frLim permanent endowrnents is awailable to be used In furtherance of
the Charity's objetts, subject to any restrirtions irnposed by the donor.
(ill) Restrlcted Funds..
Restrlcted funds are funds whlth are to be used In accordance wlth specific restrirtions imposed by donors
or which have been raSsed by the Charlty for partlcular purposes. The aim and use of each restricted fund is
set out in the notes to the financial statements.
Recognltlon of Llabllltlas
Liabilities are recognised as soon as there Is a legal or constructlve obligation committing the Charlty to pay out
resources.
Investment Income
2023
2022
Interest received
Irjcome from investments listed Dll a recogni5ed stock exchange
673
42,338
355
42,521
43,011
42,876
Other Trading Actlvltle$
2023
2022
Income frorn propertleg not recorded ès Investments
Sundry hlre income
225,591
213,591
500
225,591
214,091
Ra15ing Fund$
2023
2022
Investfflent Managernent fees
Legal and ProfesslDnal fees
Support costs {Note 71
15,770
12,660
2,021
15,216
16,670
1,545
30,451
33,431

Page 111
ASCOT PRIORY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Charltable Actlvltle5
Malntenance
and
Re5toratlon
of the Prlory
Prfory
A¢tivities
Grant
Making
Total
2023
2023
Staff costs (Note 8)
Estsblishrnent extEnses
Insuran
Repairs and maintenance
Grants (Note 6)
Depreciabon
Support costs (Note 7)
15,677
51,131
12,611
IS,677
51,131
37,832
8,018
87,830
58
38,401
25,221
8,018
87,830
58
15,218
6,365
16,818
94,695
39,604
104,648
238,947
Malntenance
and
Restoration
of the Prlory
2022
Prlory
Actlvltles
Grant
Maklng
Total
2022
staff costs (Note 81
Establishment expenses
Insuran
Repalrs and malntenan
Grants (Note 6)
Depreclallon
SUp￿rt costs (Note 71
t4,918
45,297
11,326
14,918
45,297
33,977
39,949
132,601
1,438
29,349
22,651
39,949
132,601
1,438
7,987
6,851
14,511
80,966
69,451
147,112
297,529
Grants Paid
2023
2022
All Saints, Notting Hill
Blshup of Fulham
Pusey House
Soclety of St stephen s House
St Andrew, Kingsbury
St Augustine, Kilbum
St Luke'5, Shepherd's Bush
st Mark, Klnystandlng
st Marys Bourne Street
St Marys, South Rulslip
st Mary the Virgin, Kenton
St Matthew, Carver Street, Sheffleld
St Matthew, Kensington
st Philipi Tottenharn
Walsingharn College Trust
Grants to Indwiduals
5,ODO
7,500
23,000
18,664
9,851
19,000
3,000
15,000
1,500
10,000
io,ooo
25,000
1,310
25,000
3,000
15,000
20,000
2,356
6,250
87,830
132,601

Page | 12
ASCOT PRIORY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Support Costs
2023
2022
Clerk & accout7tancy
Office & sundry costs
Legal & profes5Sonal fees
Governan￿ cost5
25,272
1,335
10,224
3,591
24,750
624
2,100
3,420
40,422
30,894
Governan￿ costs indudes amounts payable to the lr￿eperndent examlner for the independent examlnation of £3,420
(2021; £3,180) and £64812021,. £648) for other servi￿.
staff costs
2023
2022
Wage5 and salarle5
15,677
14,918
15,677
L4.918
2023 No.
2022 No.
The average nL¢mber of employees was.,
No employee eamed In excess of £60,000. No Twstees reolve¢J any remuneratlon durfng the year. See note 17 for detsils
of payments made to Trustees In respect of services provided by organisatlons where they are Trustees.
Tanylble Fixed Assets
Fixtures,
Flttings
and
Equlpment
Cost
As at l January 2023
Addltlons
147,234
As at 31 pe￿rnber 2023
147,234
Accumulated depreclatlon
As at l January 2023
Charge for the year
147,061
58
As at 31 De￿miEr 2023
147,119
Net book value
at 31 December 2023
115
As at 31 December 2022
173
In addltlon to the fixed assets Included In the balan￿ sheet, the Charty owns and continues trj have use of other fixed
assets, prlndpalFy freehold land and buildings. These assets have not been included In the accounts as dlsc105ed In Note
1.6. The freehold land and bullding5, whlch date back to the mld-19th Centuryt are Insured for a 5urn of approxlmalely
£11,650,000.

Page | 13
ASCOT PRIORY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
io.
Fixed Asset Investments
2023
2D2Z
The movement on r￿ed asset investments comprlse;
Market value of UK quoted invesiments at l January
Acquisllions at cost
Disposals at book value
Unrealised gainslllosses)
1,626,043
193,259
(45,3151
L15,724
1,824,83L
141,736
(190,317)
(150,2071
Market value of UK quoted investments at 31 Trecember
1,886,711
1,626,043
Cash held a5 Part of the investment portfolio
47,193
165,447
1,933,904
1,791,490
Histortcal Cost of quoted Investments held at the year end
1,450,632
1,305,687
The carrying amount of financlal a55et5 measured at fair value through income and expendlture within Fixed Asset
Investments 15 £1,626,043 (2022: £1,626,043).
2023
2022
The net gainslllos¥1 on fixed asset investments comprise:
Dlsposal proceeds
Book value of Investments sold
49,028
(48,315)
156,357
(190,317)
Reallsed gaIn4{l0￿e5) on flxed asset Investments
713
133,960)
Unreallsed gains1(10￿￿) on ftxed asset investments
115,724
1150,207)
Net gainsllosses) on fixed asset investmellts
116,437
(184,167)
ii.
Debtors
2023
2022
Dlvidends and interest re￿1vable
63
Prepayments and accrued Income
1,610
3,436
1,610
3,499

Page | 14
ASCOT PRIORY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
12.
Creditors: amounts falllng due wlthln one year
2023
2022
Accruals and tsther creditors
Taxation and Soclal Security
Grants Payable
Deferred Income
10,068
10,087
43,798
43,798
53.866
53,885
Deferred income represents rental income r￿1Ved in advan￿. The amount of Income defenEd In the current Year is
£43,798 and the amount released from the previou5 year is £43,798.
13.
Endowment Funds
Galn$l(Losses)
on
Investments
Balance as at
01101123
Expended
Resources
Balance as at
31112123
Permanerit EndoM)ents'.
Fund ND. l- lal
Fund No. 2- Ib)
1,409,535
97,439
(13,9321
{1,2511
100,582
2,30L
1,496,185
98,489
1,506,974
{15,183)
102,883
1,594,674
Galnsl{Losses)
on
Investments
Balance as at
01101122
Expended
Re50ur
Balance as at
31112122
Permanent Endowrnents:
Fund No. l (a)
FUNI No. 2- (b}
1,563,&32
112,811
(12,584)
(901)
114t,5131
(14,4711
1,409,535
97,439
1,676,443
(13,4851
(155,9841
1,506,974
(al The permanent endowment fund - No. I wa5 first mentioned In a legal docuTllent tsf 1883. Jncome from the
endowment Is to be used to meet all costs properly incurred by the Trustees In the objects of the Charity.
(b) A perrnanent endowment fund exists In respect of the propety at Ascot Prlory arid was flrst mentioned in a legal
document of 1874. The document notss that the property was to be'u5ed and OC￿pIed rent free by the members
of the soaety in order to carry out the purpose5 and objects of the Soclety,. It was Initially referred to as the
'UNknown Donors accouny. Income derNed from the endowment Is used on the same bès15 as the No. I fund.

Page 115
ASCOT PRIORY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
14.
Restricted Fund5
Balance as at
01101123
Balance as Jt
31112123
Income
Expendlture
Prlory Income Fund (a)
102,092
225,591
1253,570)
74,113
102,092
225,591
(253,5701
74,113
Balance as at
01101122
Balance as at
31112IZ2
Income
Expendlture
Prfory Income Fund la)
202,807
213,591
{3L4,306)
102,092
202,807
213,591
1314,306)
102,092
(a) The Charity'5 freehold land and buildings constitute funrtional permanent endowment wlth the inwme generated
frorn its leasing being restricted to the first of the Charity's objects, belng Ihe Furtheran￿ of the religiou5 and other
charitable purposes of the Churth of England, In pathcular In accordance with the do¢trlnes commonly known as
Anglo-cathollc.
Is.
Analysls of Net Assets by Fund
Unrestrlcted
Funds
Restrlrted
Funds
Endowment
Funds
2023
Totsl Funds
Tangible fixed assets
Investments
Current assets
Current liabilitles
115
335,348
68,968
1134)
115
1,933,9(
192,931
(53,8661
1,598,556
123,963
(49,8501
13,8821
404,297
74,113
1,594,674
2,073,084
Unrestrlcted
Funds
Restricted
Funds
Endowment
Funds
2022
Total Funds
Tanglble flxed assets
Investments
Current assets
Current liabilities
173
280,956
66,003
173
1,791,490
2L8,420
153,885)
1,510,534
152,417
150,3251
13,560)
347,132
102,092
1,506,974
1,956,198
16.
TaxatlL)n
Ascot Priory Ss ac￿pted by the Inland Revenue as a Charity and the Trustees are of the opinion that it is entIt￿d
for the current year to the exempt40ris prDvided by Sectlon 521-536 Income Tèxes Act 2007 and SeLtK)n 256 of
the Taxatlon of Chargeable Galn5 Att 1992. As a consequen￿, no provision for taxation is regarded as relevant.

Page | 16
ASCOT PRIORY
NOTES TO THE FIf4ANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
17.
Related Parties
Mr John Booth was Chairrnan of the St Andrew Holboin Church Foundatlon and a non-executive Director of St
Andrew Holborn Trading Ltd which 15 jointly owned by St Andrew HoltM)rn Church Foundation and the St Andrew
Holborn Guild Church Council. The Rt Revd Jonathan Baker is Chalrman of the St Andrew Holbom Gulld Church
Council. St Andrew Holborm Tr￿ling Ltd undertake5 the admlnlstration and clerk servi￿5 Lif Ascot Priory and the
tost incurred amounted to £23,634 12022: £24,102) In addbtlon, £286 12022.. £93) was charged by St Andrew
Holborn Tradirig for the provislon of meeting facilities. At the year end £NII (2022: £NIII wa5 owed to St Andrew
Holborn Tradlng Ltd.
The Reverend Dr George Westhaver is the Principal of Pusey House to whom grants totalliNJ £23,000 12022..
£19,000} were awarded during the year.
No Trustees were relmbursed expenses duylng the year (2022.. none relmbursedl.