2024-08-31-accounts

ST MARY'S SCHOOL ASCOT ANNUAL REPORT AND CONSOLIDATEDACCOUNIS YEAR ENDED 31 AUGUST 2024 Compl￿Y No: 01844327 Ch*rity No: 290286

ST MARVS SCHOOL ASCOT CONTENTS OF THE FINANCIAL STATEMENTS CONTEKrs Review of thg Year by the Hoathiistress Counal Mèmbers. Govemrs tXiector4 andAthii5ers RewKI of the GovemLYs the strat￿ Re[￿) 4-21 Ind￿ndent Aud4tor'$ RerAJI 22-24 Cortsoldated Statem8nt of Financial Acfjvbti85 25 Consolldat•J and Chadty 8al8nce Sheets Conxlidated Cash Fkm Statement 27 Notes to the Fin￿￿•1 Stat￿￿￿ 2843

ST MARY'S SCHOOL ASCOT REVIEW OF THE YEAR BY THE HEADMISTRESS FOR THE YEAR ENDED 31 AUGUST 2024 l am delighted to that Sl Mary's continue to thrive. Ferfom'ry to the very h3hesl staThJards in the classroom. on the stage and the sp(rts fidds. For all of us ￿ the staff, working in such a hvJh achiwng and purposeful environment is a joy privlege. The rL)sitNe atrrwhère LS infectic￿$ and often commented utM)n by Visito￿ lo School. So much of thi8 15 a byprc¥Juct of our very special Catholic and t<>anling communty, arKi I want to pay trKrte to and especially highlJhl the ma9nrfwit of our pastoral Staff. supwt our puiNls so beauttlully through their teenage years. The vrtyk d c￿r Pastoral Oeputy He•J. the dedicated and caring Heads of House aThJ cl c£rtll5e Ihe residential team is so #mpressNe, balancing the need to set carir4J boundaries f(K the girts whilst woYJiTrJ a SUPF#xb've and happy énvironmènt within %thich they can gTh in ￿nf￿r￿8 and Ik)uri5h. One eiemert ol the St Mary's ethos (which you can T&id in ful in the P)ard of Govemors, ReFQrt below) is "EncoUra￿ng each pupl lo enpy Ihe full sacr8mento1 lrfe and spiiitual nchness d the C8th￿Ie chu￿.. l am delighted to r8POrt that our new Chaplain. Carth PJ. ha5 grdsrd this e￿rnnI of i)ur St Mary's ethos with great enthusiasm. onetgy and of t￿rse irrffiense spirituah'ty. aTrJ he has set Ihe exAmplè aThJ led the way for all of us. He has ￿ relreals for not only Ydrw year groups bui also for 81 the staff, arbd plans are already In placA for future staff retreats. We V•rn delighled lo l¥)sl Bislw Philip in Awl. wtwi fifty Year 10 girfs r8caNéd the Sacramenl of Confimiation in a bèautilul servic in the Orchard Centre. Our senK)r ¢￿￿r, CamFon. onGo again excelled filh'ng the sacr&J sp￿e wth beautilul ￿￿kidy. This was a prww to the Juty caMp￿n lour of Venr4 rounded off a tremWKkn￿ of mu8iC. Sl Ma￿S Cont￿UeS lo deliver a broad, bala￿d. ombtiws. and cum￿l￿M. Thè A Level and IIGCSE pupils achteved impressive Publ￿ examinalicffl results this Summer￿•￿ werg the b8St In th8 School's hlstory. Al IIGCSE. 61% 01 the grades wwe al grade 9. 81% were at grades 9 and 8. and 91% * grades 9 to 7. Ovèr hall of Iht eohort158%1 ￿18¥ed straight ￿ grades. Al A Level, 41% of grades were at A. and 77 % of grades were awarded A'IA. A quarter of the cO￿rt achved or nw)re A. grddes. The Schcd extremely prO￿j ol the pupls WIK) had so hwd and $0 th8erfuly. UnSverslty offers Icv our pupi￿ were 8eoJred f(¥ a w#Je range of subJ'•3s fr￿b many of th6 w0￿J.8 18adlng universllies, induding eight offersfrom oxfo￿ 8nd one from Cambridge. Olthe pupils go￿￿ to UK unfvots￿l&$, 40 are taking up pkqces al Russell Gffjup universit￿ with an addthonal len glyng to St Andrews or Bath. Of the nine F4Jsl applicants. crfbe secured an Oybri¢SJ6 place, wll be sI￿jY1ryJ in the US, (me al Trinity Collgge Dublin and an addit￿al five securgd Russel Grtsjp plac6s. All seven medical apkgicanls ach￿Ved FAoce8 10 sluty modicine. From this yaar's applicants. three pupls are headiro lo unNersities in the USA al Columbia, Boslon College and Notre Da￿. In •Jd1¢￿. cm WSMI ill be st￿'ty al Tfwity College, Oubun and one 8t Sydry Unlvernty. Please do read the detsils ofthe 8th1￿¢ments (x)ntained With￿ thè Board ol Govemors. report. l am del￿3h1ed lo pay tribule to Director d CwrrKuiar arxl the Crector5 of Music, S￿rt and Drama, who havo again Ghallow #Thj led our gYL% so that they are able lo perform 10 8uch a hi3h *1 and 8chi8ve so much. The SclKxJ h88 SWCossfulty mar￿ged som8 ch8larwJiffj hè8th•Tr)ds thbs and we ￿ IC￿)k ah8ad to 8 period of thange wll brirvJ fvrther challenge lo the vhbole iTrJep8fKlenl schcols sector.18m very pleased to rewrt that St Mary's is in g(x)d health aThJ is well eqUIp￿j to nawgatè the potential￿ choppy waters ahead. Thi8 is only powble with the f(xmidable support that W9 hovg experien￿d from our parnnls. whose ￿l￿erS￿ndIng aThJ loyalty trrfer the past twefve r￿nthS has b99n rrwl moving and for wthich wa are 80 grateful. Thank yw to al of our parents for your supwt and of [￿rSe thank you lo our most excellent Bo¥d of Govemorsfcwtheirtireless work overthe cOu￿e Oft￿ year. heltxrg make St Mary's such a WC￿thrf￿l Mrs Donuts Stsurtton Headmistress Page 1

ST MARY'S SCHOOL ASCOT COUNCIL MEMBERS. GOVERNORS. DIRECTORS, OFFICERS AND ADVISERS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Coundl m¢m￿rn The followry served as c￿ntIl Membets ￿ar 8Th1￿1 31 2024 aThl up to the date olthi$ rerort MarkArTh￿ur Nithlos Davids( 8affjness Sarah Ho￿3 Clare CoLqciethi Peter Davis Lord Hemphil Iclww) Bo•rd ol Gov•rnorJ The govemors of Sl Mary's SchJolAscot are the Sthcd's charitylwstees undw charity law and the directors ofthe charitsbb& ¢￿PanY. The rnrt¢rs dthe Board dGovemots who served in office as wvernors during the year and subsequenlty are listed bgtrw. During th8 year the ad1vit￿ of the Board d Governors were Sup￿rt￿ by the work of nine ccynnwtte88. The m8rththip of 00th q￿Mitte8 15 shchvn bth with the Chair annotated by an asterisk. 121 13) Isi 181 H&S Christophor 88in0 Ch•lr AJ￿8 C￿MentI Martin Hattrnll Ann￿ Casey Peter McKenna Susannah M8adway Angus Neil Sr Frances Orchard émber 2024 ex Polizzi Sr MichagI0 R￿nSOn Gimian van Maaren Cle￿ntIne Vaughan Chalr James Weaver Page 2

ST MARY'S SCHOOL ASCOT COUNCIL MEMBERS. GOVERNORS, DIRECTORS. OFFICERS AND ADVISERS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Offlc•r8 (key m•nagement p•r¥wn•l curroThtly and thr•x¥h¢xrt the yw) Mrs D Staunton- Headmistress Mr GK Brar¥J- Bursar. to Coth(a afwj Clerk to the Govwr Prlnclpal addvB St Mary's SthrK4 Aso Sl Mary's Road Berkshire SL5 9JF Advl••rn B•nk•rn Lloyds Bank PIC 10 High Street Br8cknell RG12 18T Audltor Cro4ve U.K. LLP R+ 8uihJing 2 Blagrav8 Str8ot Readiry Berkshire RG11AZ Sollcltor• Farrer & Co 66 Lkthtn's Inn Flèljs WC2A 3LH lnsts1￿c• Brok•rn Marsh Bffjkèrs knmh8d Ca￿1 Hc￿e 1-5 Pewnt Ro•J Haywar05 Heath West Sussex RH16 3SY Harrtson Clath Rkkerty Ellenbwwh House WelwKJlon St Cheltèrbham GLSO IYD Page 3

ST MARY'S SCHOOL ASCOT REPORT OF THE GOVERNORS FOR THE YEAR ENDEO 31 AUGUST 2024 The ￿rnber$ of the St Marfs Schcd Ascot Board of Govemc¥s present Iheir Annual Rewrt for the year ended 31 Augvsl 2024 under Ihe CharitiesAct 2011 and thè Ststementof Re￿)MMet￿Jed Practice"Accounling aThJ ReFQrting by Charities" SORP 2015 IFRS 102). induding the Director5. 8ThJ Slrdlegic Rep￿ts. under the Compans Act 2(K6, together wtth the aL#JilwJ finanoal statements for￿ year. REFERENCE AND ADMIMSTRATIVE I￿oRmATIoN The group C￿Lsts of Sl ScW4A8cot {the"Scth" or"St Marfs">. a regi8tefed charity Icharty number 290286) and St Mary's Ascot Tfadiry Crynpary Lvnitod {ccryany numbèr 26337071. a wholty ovmgd subskJiary company. The SctKd is constituted as a ojmpany linited by guawilae. iK(rynled kn 1984 and registered in ErvJland (company numbgr 01844327). STRUCTURE. GOVERNANCE AND PJANAGEMENr Gov•rnlng docum•nt The Charity is go40med by 11$ Mom(￿thm Artic18s ofAssoC48ts￿ last 8mgn(d ￿ 19 May 2016. Councll M•mb•rn •nd Gov•morn The Counol meM￿r8, who meet annualy. act as lh8 w8r(liaro irfthg ethos ofth& Sthool and, amongst other d￿1￿$. app)inl the govemors of the Sthtxl. The Char ol Cwncil is required to gfve written Cp)nsenl to the appointment of a new He8dmislress. The Board of GovemcKs, wtK) uThYer Charity Low are th6 trustees of the charity. wl throe times a year and arn rnsponsble for the strategic lgadgrship, managèment and administration ol Ihg charity. Thè MemornrKlwn and Artides of Ass0(aali￿ sel oui Ihe lty31 pcfjrtion of the Council M8mber8 and govemLYs is summi88d as folb•A'. CaunGII M•mb•v• M8mtrs cl thè cbari Boanl of Gov•morn Directors of the chari Trustees d the char an L84V Chari The goveming dC￿ments 8riKul8le the pmrs of th8 Board of Govemorn in detsil and only requlrè tho 80ord lo refer back to the Counal Memt•r¥ shwhj they wsh lo dosè the Sch￿1 or borrow over £7.OCQ.OCQ. All Cound Members and goverTW8 of tsir tim8 freety no rèmuneration. No govemor or pgr¥on tonneded with a goverrAY recNed ary ￿nefft from erther ffoante5ted bursari88 ￿ schcdarships awarded lo pupls. The Bursar is the c￿rk lolhe C(MJncbl Mgmbers and theBoard of GoverrK)rs. Hè ts wswnsible for coordinating the wc¥k of the govemors and their COMM￿088 Preparati￿ of papw5. manapmènt at￿1ftts and reviewing the matters arising. RecNllm•nt and trnlnlry of gov•rnor* The MemoraThJum and ArtKaes FWrfKlg thè rAr￿dUre for the apFdntment of Council Membern and gOver￿rn. The Bo8￿ ol Govemorn VAI cnnslst irf nolgss than three and no rrfteen govèmoryJ and the Ma￿rity of govemors musl be praclisir#J Rc￿n Cathc4ics. The g)vemor5 may cowl 8n INJNidual to join the Board but they wlll only office until th& n8xt Counal Annual General Meeting when the appointment of thg c opted govemr musl be ratified. A gov8rrvy is appotnted for up to nine year5 and a goverrKY vtho has held office for nine years may hc&J oific• a futhr Ihr8e ￿Ts in special circunstances. Page 4

ST MARY'S SCHOOL ASCOT REPORT OF THE GOVERNORS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 The Board of Goverrw)r5 requires breadth and depth of exper￿ to cary (Mjt its duties effectively and effiC￿ntly. The Board wl1 atr4vays seek to appoint govemoT3 Vho have a passion ￿ucat￿. 8n empathy with the full boarding nalure of the Sch(x)l and an underslan(kng of the ethos of the Schcd. It is cllticl that al gKJvemors enythise with the objects cl th8 chanty, the visK)n, fea￿leS ar¥J eltw)s of the Schcol. ApFoinlment of new goverrDrs is Ove￿e8n by the NcfninatiMs Ccrfnmittee. The ctjnmittee will seek n8w governors by C￿SIdering indiMdua15 either make themsthes known to the Board or who the Board aclivety seek lo recwit lo fill a particular sk￿1 gap. The committee ryll aFways seek dNersrty V￿ft recommending Fotenlial govemors lo Board in gukJan( in the rwsed Charity Goveman¢e Code {ma￿h 20211. They will aLw consthr the requirements of the mer￿rar￿j￿rn aThJ Artides of Asswalion as well as a of Ihe lc41￿lng eXperie￿e and skills.. educati￿. safewarding. Wl. ￿n￿laCCOUntIng. IT and f8ulitieslconstNction. On apFointment of a new governor, the H&￿mIstreSS and Clth lothe Goverrvjs are resp)nsible for inducting the newly aprL)inled governor and this is tarried cJt Ihmugh a th￿Ored wogramff of vksits to the School as well as wrttten arKI verbal briefry5. The Board of Govemts is wovmjed wrth fomial training periods throughout th8 year Inonnalty asscci8t8d with meetings of the Board) which Ir￿l￿deS safeguarding training. In addib'on. govemors are oncouraged lo atte￿1 extemal In￿186 training aThJ infomiatb)n ctrjrses designed lo keep them inforned and updated on ajrrenl wues in the sector and rog￿80ry rgwiroments. Thls I￿ludeS events sponsored by ISC, AGBIS, HMC. G￿ CISC aThJ the ISBA. Or9•nl•tlon•l m•nIg•n￿l Tho Boar(l of Govern￿. 8s the tharity In￿1885. i51ggaly ro¥M)n$th for th8 ornl management ar￿ control of the Schod. They meet three limes a year. The work of ImplèmentlrwJ its Fdlci8s18 canl8d by dghl comrf F&GP Scnrtinises rnvenue, the budgel and Capital expendituT6 prior to consideration ty the Board. Thls ￿MMrtteo meets 8nnu81ty wlh Ihe auditors 8ThJ fThk'se3 the audited ffinancial statement5 and annual re(￿ fof aprKov81 by the Board. The comnNttee also ¢￿SIderS any general issu8s rwsod by the He&JrTMslrtts. 8ursar and Flnance Bursar, am ofwhom atte￿j Ihe meelirys. Headmtslress a￿1 her senior academic Slaff on al stratw aducation i5$￿ and revitrws publlc examination on an annual baws. tested blysa￿s ond Ihe value of the bU￿ar￿$ lo b8 award￿. recwitrrnnl and apwntmenl of g)verThxs. Schcol arKI meets on an as rewired bag19. The Salaries Committee meets annualy to (tysider staff remuneratk)n issues. Al thL% meèting the committtie wll rret with the Staff un￿ Representatives in a Joint Newiating Committee IJNCI forum. Committee. Th8 Saegu•￿1¥j Committeè meets wlh the Headmistress aTrJ DesvJnated Safeguarding Leaj IOSL) regularly thrcwhcrtrt the yearto revie4V safeguarding pcAy and Praclice wilhin S¢￿. The PrLVrty and H￿th & Safety Commrtlee meet b￿nnualty to provide support to the Sched viti Property and Heath 8rKI Safety issues. Page 5

ST MARY'S SCHOOL ASCOT REPORT OF THE GOVERNORS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 The Board of (kniemors delegates the day to day Turn￿9 of the SclKd to the Headmi5tre5s. The Headmistress Chai￿ the Sen•)r Management and EducatKI) Team vthith consists of ￿ frjiowing staff.. Headmtstress Senior Deputy Head Paslornl Deputy Head Academ￿ Deputy Head C¢>Curricular Deputy Hoad Dwector of Sixth Fcffii Dwector of CoffffiunicatKXL8 D¥ector of Human Reg)ufces Burw laLw acts as CS8th to C￿j￿11 and to the GoverThys) Wkhin the sch(￿ each dèpartwtht (both ￿Ad￿lI¢ and supwt) has an app)in¢od Heal of Dèpartmènt. Thls not onty provides an effKienl structure for management of the Schod and communication wbthln the SchcYJl, il also provKles an effective strudure through %thich trAts are fom)aly delegaled. Th8 remunfjration of key managemonl persomel {Hèadmtslress and Bursaf} is sel by the Board. with the Fdicy objective of PVOVKling appropriate incentNes to enr￿Urage enhar￿d p8rfomance and rA rewarding them faidy and responsibly fcrf their i￿11¥#Jua1 contributions to the Sctrx4's success. T￿ appropiialeness and relevance of the remunerab'on poh'cy is revith¥ed regulady. ind￿jing rgferenee to comparisons ￿th other Ind6￿ndent schc4)Is. to ensure thal the Sch(xJ femair￿ Se￿ilNe lo Ihg bro•J8r issues of pay and empbY￿nI 1X￿dItIOnS 61str￿re. S•l•guardlDg The BO8￿ of GoverTr)rs p￿C￿ a very h￿h P￿rity on Ihoir duty to safégua￿ the pupils. Govemors en8ure Sl M8ry'8 is fulty com ￿lant safeguardirvJ legi51alk)n and 9uthnco 7Mth th8 r8qulr8menls of'working together lo safeguard thildren (July 2022}' and 'Keepng th1￿Jr8n safe n gducatKJn ISepl6mb8r 20241,. The Board has appointed one govemor with experierK of safeguarding tr) a18ad8rship responslbllily for the Schc)I's safeguarding arrarymenls. In Jdition. lo supFx)rt this govemLY. the Board hès cr68ted $8f8gLTrarding Su￿L£Mmrtlee which mtéts up to t￿.c• a lem with th8 H8admi8tress. Pastor81 Deputy Head and the School's Dgsignatgd Safeguarding Lead IDSLI and repc#1s back lo the 808lll al each Board m8eting. The Boaryi forn8ly r9vws Ihe Safoguarding Pdicy on an annual basls as well as ensuriryJ Ih8t slaff training and safer rncruitment ￿ laking place. 808rd is sgtisf￿ that within the Schc(4 there is a strong safeguardirwj culture and that the School is wilh both w0￿1r￿a lo￿thaT lo safeguard chiklren. and 'KeewNJ chlklren safe Sn educati￿.. Group •trUc￿m and r•l•tlon•hlp• St Mary's Schoc4 Asox Is connected with Sl Mary's Sclvj Asccrt Ch#rilat4è Fund Ilh8 "Charltable Fund"), registered charity number. 80CM50. The (4eclives cl the Chwitablo are to promte thè charitable work Carr￿ on, pro￿￿)ted or supwted by the Cor3regalion of JesLL8 and to hdp devekjp St Ma￿$ School A￿t. The Charrtable Fund WOVKlgs fuTrJiTrJ for ￿rsal18S arKI sChola￿hIp8 for rKesent and future pupils of Ihg Sl Mary's A￿t TraditYJ Company ￿Mited wholly rhvnod by th8 S¢￿. The trading adivities of thi company chiefy comprise a retsil outlet knchvn as SMASH 1st Mary's Ascot Shcy}. the letting ofthe swimmlThJ pcd and rtvenue from the letting of Schcol premises to Lxffnmunity and cOM￿rCIal groups during the Schcd's Easter arKJ summer ￿ljaY$. The Tr&Jing Ccffipany results are incryp(rted in the financial slalements to comply with the rtyuirew￿ts of the Statement of RecommerKled fvac*ce "Accounting and R8pcrfting by Charities" SORP 2015 IFRS 1021. Thè 8oard of GoNtrnors has r#)ted the Charity C(rnissw)n's d(Kument 'GuAlance f&r chanties with a connection to a and can (￿n￿mI thatthe rnlatM)nship between Iho SdKwJl and the tradry eompany is cgmnplianl. Page 6

ST MARY'S SCHOOL ASCOT REPORT OF THE GOVERNORS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Based on this assessment of the subshliary s future tr&Jry p05ikncn. the Board o)ntinues lo assess the investment in the tradirwJ Ix)mpany as apFryriate frryn a risk Pe￿[¢￿1ve that the investment 'makes sense.. Further, the Boa￿ asserts that the Kwestrrwl is pemirtied by the Schc(A's goveming documents. that is an effective use of charitable funds. that there is Th) petsonal tneffil or confiKt of intere&s arKI that the schC￿l is applwng proper management charges for use of charitable reS￿lee$. Employm•nt pollcy Sl Mary's Sch¢xJl A%cot is an equal op[￿UnitieS errwoyer and Ihis is artioJLilwJ in Ihe SchcKJl's Stsff Employment Manual. Full and fair CL￿SIderati￿ is gr¥pn to j¢)b appkn'cal)n5 from disabled petsons and due consideration is gbven to their trainirwJ and emF4ryrn neYs. Communical¥)n aNI r￿SlItat￿)n with empwes is a wity * St Marfs Sdwl A3oX. In Sepl8mber 2023 the School entered lilo a Voluntsry Rectyntth)n Agreement IVRAI wilh Ihe NEU and NAsuwf. This 8gr8emenl providè5 lor rAlective bargalning ni rnspect of teaching staff (less mmbers of the senior manag6m•nt team) over ￿y. hourn. hclidays Ènd p8nsTh$. On an annual basis. the Clerk lo the GovenwJrSf￿8l1Yffle$ts wilh 8 5ction of supwt staff rowe5￿tatIv6S who are encgyjraged to raise any a)n(¥rM regaryry reMuneratW￿ they m4hl have. Prior lo each atademk lèmi all acadèm￿ stsff. residèntial staff arKI key administrative staff attgnd INSET dudng whth briefing5 and 51aff tra￿￿￿ takes plac. During the Christmas hol￿aYS the Bursar (Kg8nise8 a similar training arKI ￿l￿firS event for the supwt ￿aff vknich safeguardlng tralnlrKJ. health and safety training as wo1105 mcye strategic br￿fir￿ the r&f0mW￿. The Governors can reFQrt on the GeThJer Pay Gap in acc(xdanc• wth The Equality Act IGerKler Pay Gap Information) Regul8ti(Ms 2017. As al 5 April 2024 15 Apr4 2023}, the Schc￿'s worklorce con5i$ts of 71.4% 12023.. 72.4%} womèn and 28.6% {2023.. 27.6%) Al Sl Mary's the nwan gerNler pay gap o 6.5%12023: 10.6%1 and the median pay gap is 12.7% (2023: 24.0%). The of mal88 arKI femoles in the differsnl eamiThJs quart1￿$ are as fc4I¢h￿'. Qu•rtll• r Quarti r Mhjdle Quartl8 Lo%%pr MJdle Quartdg Lower Quarti F•mal• 67.4% 67.2% 69.4% 67.2% 79.VA 82.1% 69.4% 73.1% 32.6% 30.6% 20.8% 30.6% 32.8% 32.8% 17. Thgse fvdures indl¢alg that th8 Wit b&tweèn r￿￿ and In al lour quartil85 are bm8dly in proporti(Jn lo the ovorall gerKler $rAit in stsff. There are slvJht but Mt material thanges in tho gAit beteen quartiles sIr￿e 2022 an(J this represents 8 movement of a very few memt¢r5 of slaff befvn categoriès. The report 1$ wblishod on the S¢hoc4'9 wèbsitè. Charfty Gov•m•nu Cod• The Board Th)led the pubkalw)n of thg Chaiity Crth in 2017 by th8 Chaiity c￿nmi$s1¢Jn and that 11 was updated in March 2021. The Board has revwed Ihe seven areas covered by the code {organisational purpose; leader3hip.' deasion making. risk and control: boarf effectiveness. equality. diversty and inclusM)n,' and Open￿$8 and ￿unta￿.111Y1 arKI are satis￿￿ that the alanty meets the winciples and outcomes orticulated in the c(*Jg. Page 7

ST MARY'S SCHOOL ASCOT REPORT OF THE GOVERNORS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Employee •ngag•m•nt In line wth the requirements of the Companies IMiscelkn￿uS Repjrtry) Regulations 2018. the Board of Governots are pleased to reFQrt that they conlinue lo eThJage wFth emFloyees throughr￿rt thè year. Exam￿8$ of direct engagement indude meeting with Staff Un#)n Representatives as part ot the annual rernunerat￿n revEw. engagement tehveen gOver￿r5 who affj parents of pupiLs ￿lhi￿ the ScfKK4 with staff from the Scho)1 and Ihe obSe￿?￿n oflgssons by govemots. On beham of the Board, the Headmistress and h9r Senior Management and Education Team have a slnMg culture of consuftatw)n with staff before inlrcxlucThJ shjnificant change arnj these issues are reported back to the Board al Board meetings. This yearthe Board of &y4erTh)ts eonsulled with t8athrKJ staff over mombership of the Teachers. Pensi￿ Scheme. The Headmistress and BU￿al brief staff on an annual basis on the overall Pgrformance of tho Scho)l. Thi5 is onty f￿a￿bal reF#xb"ng but also how th8 SctKxil has perfomied in public examinations arld universty offers. The Ixfir3$ Ir￿lude forward k<>king assessments of the SchcK)I's future plans, so that slaff are appraised of strategic goaL%. ￿kUr8 of openness and transparency wth the staff has bred a positive spirit of mutual bitsl and genU￿e concern by all er￿0ye￿3 in the long term succ6ss of the Schcol as a eharitab instilulh)n. From September 2023 this oJhur8 was lurther enhanced by th6 VRA that has ben agreéd %wth the NEU and NASUWr. Bu•ln•u r•lallon•Np• The School continu88 to ery8ge with 8 large number of st8kelK>Jèrs. th8 mo81 ImF#Jtsnl of Ihe puplls and their parents. The work crf c￿r teathing slaff, pastcyal staff aThJ supp￿1 staff. as directed ty th8 Board of Govemors. the H88drr¥stress ar￿ her sen￿ Managemenl aThJ EdwatDn Team. f￿Use$ on pn)vidiThJ the PLbpils and parents 7Mth a high quahty acajemic education underpinngd by 8 strong Roman Catholic olhos set vmhin a slror¥J ￿kUrO whh fnt da88 Woral care. The suc¢4$5 of Ihls 1$ OLrtlined in the StralegK ReFYJrt bekjw. The govemors (x)ntinue lo ploce o sIgnff￿nt èmphasis ¢)n the red for strong and posStfve r8lalbnshlps wllh sell emplO￿j staff such as penpalelic musbc lead￿1$ orKI $Forts eoachès. AtttKJugh the relationship wAlh seK empk)yed staff is necessarity dtfferenl lo that of empbyed staff. Ihe Schcd iy proud that many crf these indivMfjuaL8 h8ve remained lo the Sc1K￿l for 80 many years. the stroNJ and hanY￿1clJS relalionshlp that the Schcol fostets. Thg goNpmoTr also valuè FMISbti¥ Idat￿rthIpS wlth 8upplws work In of Ihg Schcd 1$ inv8luabl8. Govemorn requlre Bursar to seek value for mongy when eroaging any supplièr but thi8 Is tempèred wth forging slmThJ relationships that are ulb'malely beneficial to t¥)Ih parties. The Bursar alAO takes into acCC￿nt ènvironmental eredenlials, when app￿ri81e. when clKN)sing a new supplier. School 18 also prrAMI lo place 8 Pn￿llY ￿ Ic¢al busin8sse$ such a5 in Ihe Sup￿ of m￿t ch8r tKovffjions lo Ihg Schcol kitcherts and second line electrician SUPFYt durirvd ￿)liday5. OBJECTS. FEATURES. VISION. EfHOS AND STRATEGIES Ch•rltbl• Obl•¢ts The form81 obigLts of tho chaiity aro.. to P￿rnole and for s￿¥ ch8rit8ble theresoever and thlsr¢ver 8$ 8dv8nce rhe to 0dvance educalin by the p￿Vis￿￿ and ctwxluct d an independent Roman Catholic schc￿ or schcols for children ofany creed {￿th wefernnce to chmdren of the Roman Catholic faith) and, in porticular. but without prejt*YKe lo the genernlty of the ftyem, for the edUl>t￿ of gNls, and by 8ncillary 8nd incthl&leduCat￿af ac11vit￿S andollw ass￿1911￿d oc41vit￿S forthe benefft olthe Communfty. Page 8

ST MARY'S SCHOOL ASCOT REPORT OF THE GOVERNORS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 The Board of Govgrrnr5 interprets and engages ith thi5 d￿ritatIe obie¢t by NnnwwJ a fitst dass independent gids. Roman cathol￿ bjardiry schcd. Foatu The Board defines Sthfy)l through fve feature5: Cathdic Girls Small size Vl•lon To provKle a mcrfjern and ￿[￿￿11C Catholic educalK)n ol wlstsThJirvJ quality fix wmn to Inspke and emFXY448f them lo play Ihw'r full part in the global (xynrmnty. EthD• The SchcAII's Ethos lo roal'sa Vtskn: Nurturing in each pukxl a sew of Iheir (r￿ w(Ylh taknts by foslerirvj Ihoy inlolecty81. swrflual and pe￿onal devewnenl. Dèveloping In èsth a b¥0 of IwnirvJ and Irthr￿thnl tlwht IhrcAffjh a Wous acad8mlc ucation. Promotxig 8 stron9 son¥e d pernon81 r0sF￿￿￿'1ty. ￿ndn0$s. and Sodal lustke foundgd in respecl for the diverse needs of other5 in a gIoL￿1 Community. Encouraging each pupil to enfv the full sacrdmenlal lrfe and spintual richnes8 of the Cathollc Church. Fostering 8 pthTrhip L￿n parents. and Ihe widor (wmunty. Inspiring in eath Pu￿1 the confidence lo (£4101￿¥te and to lead through on onrithro and fvIfiIIiNJ t¥Jarding e¥perierKe. F01b￿n9 in the splrlt ol Mary Ward th8rish8d Yreedom of splrfL sincrtty, and a chgerful dIspot￿.. Slrnl•ql The 8oar(l of Govomors. in line with the Wiswjn and Etlx)s of Sl Mary'$. dir&t th• fol(ywlty strateg￿8 be followed for the perJd 2024 10 2029. To build and mairrtain the numb8r of pupi15 In the Sc1K￿l lo ar(wJrKI 4L￿ aThJ wstain tho pdky of giving wefèrtnce to Roman C8tholc appkanls. In th8 context Ll the introduct)n of VAT sch￿1 fees, suprJl pamnt C)mmunrty by minimi5ing fee increases without any thmpronMs6 of thè •d￿tIonal and t#)arthng experlence at St Mary s. In part1￿. whenever [￿￿18. seèk to supwrt par￿ts who fiThJ the schwl fee un8ff￿Iab10 with focused means-lgstod financk41 supwrt. To ￿ttiVate tyjr strong Roman ChdK ethos thrw Sp￿tUal of our wpi15 in dalty prayer. annu81 rntreats and the ￿lebrati(￿ of the sacraments. To deliver an outstsndKvJ academK education wilhin the (￿le￿ of a changing wryld by conlinulThJ to recruit leachirKJ slaff of the highest C41ibre and wovmjing them vAth tho training, resources and support they require. and maintainirYJ the hvJhèsl standwds of senior ￿&Yership. To preFore pupils for Ihe durtal gbtrAI communty 1hro￿h excellent dvJital literw and dellvery of the lethnobgy ￿rriCu￿rn. To en$ure the most Suitab￿ ￿￿1￿luM for Sl Mary s pwls is folkThved given the th8nging landscape of the Publ￿ examination envwon￿nt. the requirements of further st￿JY ar1 the wortj ofwork. To buld on strong t￿Ja￿Ing ￿ltUre aNI further develop our comFwthnsive system of pastoral eare to ensure that our puiyls thrive in a happy, tsjsy and Secu￿ enMronm8nt throughout thg workiro day, in the evenings arKI at weekends. To provide a varied aThJ besF(&e o)wcurricular prcgramme that w￿nOteS both eXce1w￿ and enjoyment and refiecls the neets and ofa charoing world. To broaden further access to our educatbjnal resources othèr facilits thrwJh devehw'ng our links ￿1h the kKal commuThty. Pago 9

ST MARY'S SCHOOL ASCOT REPORT OF THE GOVERNORS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 To broaden and wKJen access to our SclKxS by continuing to offer ￿￿￿-teSted admission and hwdship bursa￿$ to pUp￿S who r¥)t otherwise be able lo atteThJ. ￿ whose education is at risk of being disrupted. Publlc benefft St Mary's School As(J)t remains o)mm¢tted to of provKling putit¢ LEneffl arxl. In ace￿anCe Sect￿n 17 of the Charitses Act 2011. the Board of Gowmors confimis Ihal they have paid due regard lo the Charity Commiss)n's statutory gu•Janee on wblc b8nefft in decKliw aclivities th8 charity undertake. The aWa￿Ing of IxjrSa￿ f(xthose unable lo aff(Kd ihe fees at St Marfs is a Mea￿Table means of providing public benefit and the Board of Govemors places great imp)rtance aThJ prb)rity on the &hc¥)I's means-tesled bursary seheme. The School has a long his￿ of tKovKJing financial supwt lo chiklren who would olhèmise not be able lo afford 8 Sl Ma￿$ edLItal￿ft. The Sctth's bursary ScheTr￿ is designed to assist parents or prospe¢tNe parents who. for financial reasons, are Unab￿ lo send or continue to serKI their dau9htor to the School. The scherr ir￿ludeS Ivrt) types of n￿anS-teSI￿￿ trMJrsaries- adffli8sr￿ and h8￿hip. To ensure al bursary awards are wall locuse(l and onty th8 rrost d8s8rviThJ t￿rt. the Bursary Committee will take a number of 18clors into cons¥Jeralion, in addbtK)n to gJrrgnl oamings. th assessing mèans. These facao Inctsjde property holdings, investrnents. savirvjs. family Wwjays. cars and famity circumstances such as dependent relatives and the number of siblings. Each case ts assessed on its rrrits by the Bursèry Committee and awards are made accwdin¥y. sut4.ect lo s¢￿.$ abilty to furKI the58 wrthin the context of ils over811 bLty. Infom)alion ab)ut fee assi%lanL¥ Ihrough mgans4esled bw$8mS 15 pffjvidad to all •[p￿ng to th8 School arnl Is publlshed on t￿ SC1K￿l's th￿11¢. This year the value of ￿an$-to$10d ￿jrs3ry lolalw £868.488 12023.. £719.5911. This pfovKled a88iStance lo 28 pupils of whom fifteen benefftted from al ￿3$1 70% romwiyb of fees and len from or more remisslon of fees. The mans-lesled tMJrsaries were funded by the Sclwl aThJ the St Mary s Schcol Charitsb￿ FurKI Ichartty number.. 8(KJ4501, which was eslablshed the purpose of providing funds for the St Mary's &hool A8eQt scholarship 8rKI buryJ8ry programie. The Schcd has made d￿nIab￿ th)n#t￿n9 to the capital lund ol the Charitable Fund in èxcess of £1.th slice 1994. In the year ended 31 August 2024 the CNiritabb Fund donalod £231k12023.. £182k) lo contribut8 to the lundlng of bursaries 8[￿ scholarships. Tha Board ol Govemors believès that thè work and actmlies for the public benefft thal take Flaco Ihroughwt the year wth thiklren fr(￿n Icol schcds arKI with the kncal c￿MM￿nty arn fundamental to the Catholi¢ ethos and spirit ol the schcKJl arKI are in line with tho eharFtable objects. These aclMti88 are a focus for st8ff and wpils not onty wekome them as part of day to day lrfe tMJt Ihty are widely ￿re8fved 88 being a core activity for the Schod. Tho synthcant investment in tim. anergy aTrJ res￿[Ce$ into cMJr wort with local slate schcols refiects Ihe GOverr￿S, bel￿f that these actp4its.gs arn the rr￿st effedive wty of bm8derMng and widenlng a￿esS lo Sl Mary's rnsources to the public. i￿luding t￿)$8 in tovty. In 2023-24 the sCh(X￿ has eonlinuod lo thelop ￿r (%xts retatThishlp with the two local state SC￿1¥ with whom we have fomial Mgmoranda ol UnderstaThJw - Chartets aThJ Sl Franus Catholic Primary Sch(x)l. Sl Mary's engag0Th￿nI ￿th lkn is a matter of nom1 day lo day school lrfe aThl involves bclh the sharir¥J of resources and the dual use of teacfMrKJ staff. Chartern S(cx)I pupils attend 8 lenlgsson couw in Ma￿l4￿n as an ènrichment acbwty. Chartets Schts)I pu￿lS attend an after SC￿ Russian dub run s(4ely them. St Mary's staff leach swimming to Sl Frarris SchLd in our swMnmirKJ every we8k. St Mary'5 provides SUPFQrt Oxbrty and apFAicnts. induding interview arKI WTittgn feedbath to 42 pupils from Charter5 Schcd 8s wdl as lo Mulbery Gits SclKd in Tvwer Hamknts. Our Diroctor of Sixth Fofm Pr￿Juc￿ a video of 0X￿e ad¥￿e for these pu￿13. Sl Francis SchcK4 PUFIS wne Io Our scrence L4boratories a derrKJnstratm￿ and wn by our sciènce staff and have the OPFQrtunty to (ary an exF>wiment in pairs. in a fully equiFved latty)ralory. The Maths depart￿nI ￿1$ pupils fr￿ft Holy Trinty St Francis Sc*ocls fDr the Primary Maths Team Challenge run by St Mary's teaclyNJ slaff. Page 10

ST MARY'S SCHOOL ASCOT REPORT OF THE GOVERNORS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 The Rosg Theatre hosted the St Fra￿S Schcd Year 6 sd￿￿1 Production, which was also recorded for them. Sl Mary's provKled techn￿al supFth for their strK>W. irtluding ful lechnul h'ghling and sound support. and use of some props aNI costurre. We also wovwjed a ticketiTrJ system and trdin8d their team forfronl of h)u5e and car park duties. St Mary's Eslates department COntinL￿ to prc•4Xtè a bro￿1 of ￿tiCal ￿1p tr) St Francis Sch9)1. helping them wlh grounds v￿rk, mainlenance and the servicry ofequipmènt, and the use of our barbecue and gazekn. We pware ar￿ tKovMJe fcrf Sl Fra￿15 to us8 for thth'r FLYest School activities. St Francrs Schttl has h&J to ch)se much of their site as a resuft of RAAC concrete teiThJ discovered in their buildings. This induded their caterry fac41ities. The ILxal aut￿Y71Y was unabb9 to rwace th8 kf(thens in the short temi and $0 the chddren were orly bèw wovided V•ilh txJ luth. FolbwirMJ request for support, St Mary's agrned to [￿VIde c(x>ked mea15 from our kItckn￿ and ffv)ve them on daily basis in large insulated tM)xes lo the Sl Francis S(ttd sile. This has ocrurrod ffi 81 separate school days and a total cl 9.846 mèals have been pmv¥J8d. At Chrnlmas atlo to a full Christmas meal for 210 Childr￿ into each ckssrcom. A member (rf Ihe seni(Y management tearn serves ￿ Charters MemberyJ (TfUStee81 conwnitlee. St Mary's ¢£￿tInUeS to develop Its rcAe within the Thames Vallgy Leamiryj P8rtngrnhip 8n èqual partn8rth ol stale Ind8￿rth secor#Jwy schcrfAs in Be￿$hIle. Everts In 20J241Th4ud•J'. Our annual Intemational Women's Day c(Nrferenc• IKod by St Mary's lor all partnernhip schcds. Our A Level Gothic Conf6reneè altended by various W schoxls fftduding wts)d￿ Glrt8 Schod. Hclypjrt College and Herschel Grammar Schocd. Algcture on 'High Pèrform8fbe• Psychok)gl given by Dr David Harris of Exeter Ulmverwty. Provbjing facdities for Hdywi pupds to t•ko thgy BRSM music exam8. Sl Mary's also Wov￿& a range of8up￿rt for pupi15 otrw xhfy)I8: Sl Mary's acas as a Wo￿ntary kncal centre for Modem ForewJn L8ThJuage Lval examh•tiw. whlch Involves hcoting stalè Sch￿1$. provNling chaperorns aThl •Jminislering the examinati￿5. OxbfpJge inlervK?w practice and feedback for pupils Irn afMI inteNitr Pfeparallon, and heard tslks from extemal speakers. Si Mary's frjnded ten plactt 84irirKJ medical St￿15 fr¢¥n LarvJlgy kadgmy and lfjros kndèmy on 8n ir￿person UCAS course al 8 Ctsl of £726. Our Science department stsff ¢￿In￿2 to offer regular luluial supw1 for asixivig m•JKal stLKlents from Kings Academy. Sl Mary's leachers cyjndwted pradice Oxlxid9e interviews for state schc4)I tw)Is at an aftgm(x)n arranged 81 Godolphn and Latymor SCI￿. Page 11

ST MARY'S SCHOOL ASCOT REPORT OF THE GOVERNORS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 St Mary's has a very hoh numbèr of pupils wtKJ partKipate in t￿ Duke of Edinburgh's Award - almost the whole of Year 9 Cr￿plete Bronze. at(sut tWfAhirts of Year 10 txffirAele Slver. and a Ihird of the Sixth Fo complete Gold. The Award's Head Office eslinates that cwr W￿15 have c<￿tr￿￿rted 2,522 hours of voluntegring in Ihe ye¥ endvw Marth 21Y24. w51h a xKial Val￿ of £13.315. Other eXaM￿eS cl ac11vi￿8 carrd out tlws forthg pubk be￿ffi i￿1￿19. St Mary's made ils spcKts centr8 avaiktle al ￿ oJ5t Gumlè Ocgs for the 81'rMI to a 'Can8s and Games, event visually impaiTed chiklren from the kKal area. Pupils fmm the schcrfjl's Eco Commilee h￿[￿ lo pl￿1 spriThJ bults at the It￿1 Tharms Hospice. The Sl ￿rr￿UnTrty raised or donated £19,1XKJ for charitsb￿ causes in Ihe yoar 202&24 through 8 variety of fU￿1r81￿￿j ￿ti¥l￿eS incWryJ • funfar, thanty tennis loumamrt, concerts ond a silgnt auction. Pupils bake fcth eath week for h)mths aThY ￿nerable Fwle in R&iding. Members of stsff are qualifiwj sch￿1 insp￿1￿$ aThJ are Pe￿Illed time off frryn their St Mary's role to cary out InspeCt￿n$ d other sth¢￿s. The H￿tory of Art department le•J a guid8d ItyJT of the Wallace Colleclion lo rnlse rrn)n8y for Crisi¥. A Year 10 pupil aThJ her friends made vrdsh bag5, they then sokl, rnising several hundred pounds for a young person's charity linked to of alwjsg. We have devellyd a new relationship with He3￿raPp9￿. 4 tharity111779811 dedlc4led to providing support to cancer sufferers who experience hair k)ss as a result of thew tr9atr￿nt. H68dWrapwrs coffeè mornings and supp)rt Se￿1)n$ al the sel￿ the scmys tenn and scPKxl hcqldays. Our th98lre donated £250 w¢yth of Ihoatrè tethrmcal bcoks lo PLrtney Arts Theatre A member d serior management serves on Ihe Pa￿ C[￿￿1 in Axol 8rKI wi￿s0r Catholk pad8h Govemo(s rth that it i8 unfortunate that C(￿r￿lI planniro c£ndrtThs rnstrict thg by Lrthors ofth8 Orchèrd ¢￿trn (Sp￿ts ¢wtrel and the th￿ticS and fac41tlos. STRATEGIC REPORT ACHIEVEMEKfs AND PERFORMANCE The Board crt Governor8 Is ￿e8￿8d to rnp(wl tha¢ acadwnic yew 2023f24 has bggn orKknr hhly Su￿6331uI year for the Sch￿1 vthen measured against the charity's otyects, Ihe Board's inlgrpretalh)n of thè obleds Ito run è fitsl dass independent girls. Roman c811￿￿ boarding schcK41 aNI the strateg￿$ set ¢)ut ty the Board for the Schcol in 2023124. This sect￿n ofthe Rq)c¢t hwJhlwdhts key eIerr￿ts of the activities aryl acFuevements of the School wh￿h have ￿nt￿1X￿6d to the swcess. Duty und•r s•dI¢￿ 1n(11 of th• Comp•nlM Act 2006 The Board ￿ able to reFJI thal it has Compl￿ ¥rith Is duty to hgve rogard to thè matters In SectK)n 172111 laFlfl d the Companies Act 2C(￿. This thjty sets out th the goVe￿￿r5. a5 directots of the ch8rrtable company. musl act in the way they u)wder. in gcc#J faith. would be rr￿$1 likely to promotè th8 suc£essful achvemenl of the objects of the chwity in the cuffent peri¢>Js ond in th8 1(w 18rm. In discharging théir duties. the govemors ￿refUllY eonsthr anK>rKJst (rther matters. the irr￿aCt on aThJ inleTe51s of other 51akehoklers in the SctKx>l and factor these into Iheii making proc8ss. In particular. Parnnts and pupll• The govefnots cL)mmil consm1era￿e lirn, effort and resources into undorstanding and respjnding lo the needs ol our pupls and parents. AJ Govern￿ deusions are laken wr¢h thg impact on thè pupi15 and their pa￿ntS firmty in miThJ seekwvJ lo ach*ve the hKJhesl standards. When necessary, the goverTh)rs Qu￿￿lY to rn$0￿e any ￿￿￿ed dts8￿e￿￿nts that may ari8e frrmn tim8 lo time. P8ge 12

ST MARY'S SCHOOL ASCOT REPORT OF THE GOVERNORS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Employe The Board of GoverTbJrs i¥ kept futy Irrfom￿d cf ary aryloyee t￿n￿m5 ttffough regular forn￿1 and informal briefings from the Headmistress aThJ Burw. The 9)Verr￿rS are commrtted lo promoting a FX)SrtNe and healthy enVi￿￿￿ent lor the teachiry. resKlential. adrrHni5tratNe and SUFPYt staff for both physical arnj n￿ts1 Mellbeing. The gover1￿ Frfrynole i￿1￿5￿)n in the workplace and provid8 resources for ￿mifig and devewiienl opp)rtunibes for all staff. govemcKs en￿urage recnjilmenl aThJ develwent strategies seèk to attr&t retsin talented staff. The L)vemors have invested rmre resources in an expanded ern￿ee assistance programme. The govemors have allowed the Sch￿1 lo create a tM)s¢ d Oweclor of Human Resources whj ads as a focus for employee iSSL￿S. The School ha5 n ￿at& a Vduntary Reeognrtk￿ Agreemnt with the NEU and NAsuwf. [￿rir￿j acadern￿ year 202Y24 the Board of GOver￿ts entèred a cxJnsultatp)n members of the teaching staff over rrmbership ofthe Teathrs. Pension Schem6. This employment dispute was rgscknl Wore the erKI ol the sctrwxjl year vthh a hybrMI solub.on bth'ng agreed by both p8rties. Suppll•rn The goverTh)rn prormte the need to deveknp tem) 8r•J mutualy l)enefic￿l rnblionships vAlh supplier5. regularly tested again51 PTevailiThJ markèt condrtions. 8ThJ, in pa￿'¢jj18r, are SUPFQrtive of th• deV9b￿nI ol relatirKLs with th81 SUFflrs Itw wllh strw 8nvlronmentsl cr8d8ntlal8. Communlty and th• •nvlmnm•nt The govemors are cons￿￿ of the Sthocls important whin Ihe communty. The S¢hoc4 lake$ Its role within the ccrfnmunrty very seri)￿81Y and pr￿0185 8r#Y enwwages comnwnty and charrtable conlribul)n as part of the ovèrall put4ie benefrt prov¥Jed by thè charity. Alttrwh fth¥ of th8 puplls are drawn Irom thè immdialè ktal ttjmmunity. Schcd i% an imffjanl kx41 employer and has an Influential in t￿ loral (￿M￿nIty. The Schcd also recc4jni￿ the Imp)rtance of its environmental restM)nwblilies and tw ￿8¥￿Tes in ￿￿ce to nwitor conlrtl it5 impact the Icul environment and rfs c(mnpliar￿e ¥Mth 8ny regulalLvy envirOn￿nIal sl8nd8rds. The hool seeks lo Implement alm￿1 al reduurvj ary went￿ detrimental onv¥onmgntal impact of its actsvtties. 8tandrd• Ind conduct The School sets itseff the hwhesl of standards in the w it manages Ks relallonshlp vAlh parents, stsll and supplv4rs. This approach. fwrKlod on the schLy￿'s Roman cathol￿ etl)s, is ch8r8Ctedsed by f8imoss arKI transp8rnncy. These standards are d8aty cxxnnwnicAt&J to every staff member on induclion and lo which adI￿rence is ex￿Od 8ThJ enforcwj. Pupll numb•r¥ •nd K•d•n￿¢ •¢hl•v•m•nt Sl Mary's provths an emI￿onment availatAe in the maintained sector. academic, rnsldenlSal, glrls only and Catholic. The core adNity has been th6 ethcation of 396 chikfjren.. 376 toarders and twenty day b￿a￿ern. Sl Ma￿$ conlinugs to deliver a broad. balanwl. ambitthts. and knthYl8(h¥ rich ciKric#Jlum. The A Level and IIGCSE pupils achieved impwsNe Putr1￿ examination resulis this wmm8r. A IIGCSE, 61% of the grades were at grade 9. 81% were al grades 9 oThJ 8. and 91% * grade$ 9 to 7. Over hall of the cohort 158%) achieved Stra￿h1 98 grades. At A Levd, 41% of grades were at A. and 77 % of grades were awarded A"lA. A quarter ol the cohort athieved three or mNe A. grnd85. The is extremely of ￿ PUFIS had worked so hard and so cheerfulty. Out of an LWI year grcmjp of s￿ty three, sixty pupils have ￿a¢eS to continue to universlty or other forms of higher educalK)n vrith 95% achiewng either their ffiffn cff insurance I￿0C•S. Fifty Iwo PUF415 are starting Ihls year with ep3ht deferriro their places to 2025. The remaining pupils wll bg making a Fost A Level application in the ￿rning year. Offets were SeC￿￿d fty a wide rawe of subiects from many of the worfd's leading univer&lies. induding evhl offers from Oxford and one from Cambridge. Of the pupls going lo UK univeNlies, foty a￿ taking up ￿a¢8S at Russel Group UnNersit￿$ an additsonal ten gory to Sl Andrev3 or Bath. Of Ihe n￿e post apFAKanls. (me secure(J an Oxbri(h3e plar, ts¥o will b8 sludwrJ in the US. al Trinity College Dublin arnj an addrti)nal fNe se(Yj￿1 Russel Gr(WP FI￿. AM 59vgn modi￿1 ap[Al￿nts achieved places to sknly medicAne. Pag& 13

ST MARY'S SCHOOL ASCOT REPORT OF THE GOVERNORS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 From thi5 yearfs applicants. three pu￿LS are Wirvj to unNersiti8s in the USA * ColurtNa, Boslon Co118ge and Notre Dame. In athIrt￿n. one pu￿1 wil be St￿￿1r￿ at Trinty Coil8ge. DutrAin and one al Sydney University. Co£urrlcular Actlvltl•• Pupils errfjaged 4Wth 8 W￿de variety of C4HxNr￿￿er acbvtss thrwglK)Lrt th8 year. Thè in1md￿1i0n of SOCS, a software paCk￿e desgned to facilitat8 the prcvJramming of C￿￿￿￿ulaT athvitw. ha5 enabled ck8arer melablw of events and the •tlty to tra( afwm￿t. Sport 2023-24 was the ftrst full year ￿ the slaff C￿raCts aThJ cL￿rrI(￿AaT t￿nets￿e in pkqce and the benefits were dear lo see. Staff had clarity over their t)rking hows. ￿11$1 a timetaL4e could be built offering training s•s￿OnS for a wJer variety of sports. enabliNJ greater f(￿S on the emerging SFOrts of fcotball and The Sl Mary's staff have been ￿1￿19￿￿nI8d n ttsir to8thing by o tslèntod team d per¥￿tel￿ staff ￿jaching lenni8 dance, wth others suppthiNJ the w(yk in IKrkey. nelb81. athkntiL¥ Wbd footbol. Hlghlighls of Ihe Michaelmas tefm induded seeing senior netbal team ¢Jominate thg Charter5 r￿mpetItIOn, whi15t the U13 tenni¥ team won the munty finals. Tt senior 8rKI U14 hcKkey leam5 ￿$0 won county rin819. ond several St Mary's ath1818s prL¥JrèssthJ to regh)nal finals In cxoss u)unty. In the Lent temi, the 8erior hLKkey leam came ¥gClXKI in thg c¢unty at tho Natlonal Finals in Ncrttingham. having nNwed up lo Tier 3 this year. The Sen1￿ netbol team Chartèr5 Lèague knsing only one match 811 season, wrth the U1S4team going unbeaten all season. Most ploasingty. the FopuLqnty of fLYrtball ￿ntInued lo grow 8$ Sl M8rYs fA)mpeled across a broader fixiure Fogramrne. fjth toth the U15s and U138 making good prtsJress in natM)nal e4)mp61it￿n8. The skj" team cThmed N￿•8¢0[?0 Ch8mpKTh at the Brllish Sthwl Girts Ski Races in Flane. The crlcke¢ teams d6YvK)nslrated ￿offt of thè nets wlth some c4Jtslw)dknw perfonnanc8$ In the summer term, winniry 50% of their matchos. the U15A and 8 tennis squ&as made slrong progr8s5 In the LTA c>)mpel1t￿ffl6. The strength of alhlelics at thè sch(4 i8 h￿hlIghted by hav￿9 four pupiLs who are now nationally ranked in ￿ shol wt. Fde vault and Staeplechase. The darte shchv capped off a fine year acros8 MLItip￿ di8uFllngs. wrlh stsndlThJ ovations at t￿h pthf0rM￿. One of the strews of spyl al Sl Mary's has been its fr￿￿ ￿ I￿lUSI(￿. and thi8 was no d4ffererrt last ygar, with D teams being regularty fielded lor all major sm. In •Jditi)n, lor pupls in eoueslri8n, gow. sailing. squash aTrJ vdleybau demonslrnled the depth d t8￿nI of St Mary's pupls, and the pLhool's commitrrnl to WQ4hdirwJ 8 raffje of th8 cr￿￿￿1¢￿1ar Fffogramm. There has been a perceptible thary in culluTe wthhin Ihe S￿1 department - sense of pride and professbna4sm has devek)ped. whdst ensuring that pupi15 of all talents and abiffiiies are given opportunitK9S lo thrive. The staff and pupils arn grateful for ts de¥do￿￿nt of facih'lies ¢)ver the past year. induding the inslallatK)n of a new all weather cricket strip. the purchase of nwwfry)tball goals, and the addltion of gom driving nets and the nearfy compkted PLrttiThJ green. It is clear that ¥)rting faclitw al Sl Marfs are of an exceptional standard for a sch(k)l of its size. Dr•m• The Drama deF￿rtm￿ had a￿ther very $￿CeSS￿l ypar. nx)unting séven ffla￿r pr￿duCt￿n$ abngde numerous workshcos. (x)mpetitions and t￿ House Film ¢ompetbIi￿. a hur*Jred wpils featured both on stage and backstage in ¢(￿cUrrICUlar wcrfluclhxts. vknilst many nmire reffort￿ as part of their academic assessments. Page 14

ST MARY'S SCHOOL ASCOT REPORT OF THE GOVERNORS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 The Drama Captain's play. The White Bike. was a ThThirvJ piece that explored issues of loss, perfomied teautrfulty ty a cast of in Year 10 aThJ atthp. Ths wa5 folh7vJ in the Mthelmas term by the whole Sc￿1 p￿￿￿￿t￿lon ofAlice, a nKxJem and tYAourful relelir¥J of LthvB Can￿'S Alice in Wondwtsnd. with a east of over thlrty pupils. The previous acmic year haj sgen fOrMatic￿ of a ne4V elite PToJuction Cxmnpany. The Players - an auditK￿e￿ group of ts￿￿ted pupils keen lo work at an exceptKJnally high standard. Their perfomanc in the Lent term was a shthvcase of scenes fnxn mc#Jem British dramatists. with many of the pupils using this work to audition for the Nati¢)nal Ycrtrth Theatre. We were ddYJhled that a UVI pupil was offered a place in thi5 prestigious theatre company. ￿80 in the Lent lemi. Year 9 and 10 wp15 presented Nell Leyshon's th￿￿nging play, The B&auty M8nrfesto, which raised interest¥￿ questrffls abwl the Pursuit of obiectpn staTrJards of appearance set within a dyslqxan ¥Ayld. The hKJhlohl of the d18m8t￿ caleThJar was the Director of Drama's prrMJvctK)n ol ￿ classic musi(31. Guys 8ndDolls. A cast of over sixty pupils from all ye8rgrtyJps aThJ a seven piece INe band delvjhtgd packed houses and gamgred ¥landirwJ ovakns nyht. The summer lemi Saw a KS3 woduc1v￿ of ArwK the Worfd in 80 Days. ￿ked frjll of talen￿￿ performers from our S￿nger year groups. 11 is wtal that in Years 7-9 havg tho QPF¥Jtunity to lake on leading roles in major vod￿tiOnS in the Rose a￿ditOriuM, and it is safe lo say that the fufvrg cl drama 8t Sl Mary's Is in vory safe haThJ8. The Arnffjrican Thea¢re sl￿bIr8$￿Wos presenw byour LAMDA wpils. Crf8rsLxty puplls nowtake extra dr8m8 lgssons. and IhL% production wos INdy. tWM [￿Qkry arKI hy3tericalty funny in equal ffasur8. LAMDA continues lo build on rts previous suc£esses. wilh over 90% of Pu￿￿ 8thigvir¥J 8 dIsts"￿t￿n in their 8xam8. The House Fllm Festival reached a dknax al the end of the SLvnrrnr lenn, tmth 8rx new films premlorgd in thg R¢)se auditorium. Th1ough￿t thè year, pupils had enjoyed wothshops w￿h 18adirvJ ac1c￿5 and directors, and this tuil)n paKI off handsomety- the fi￿1 films wert ofan excpt￿lia1 qualty, with guest judge, actress Sarnh Durham. cOm￿n11ng on tho wofessional levèls of prtsknt)n. The Drama department (X)M￿rr￿n1ed ils the81￿1 Prry¥isi￿ with 8 idg r¥ThJè of trlpg to Wcrtluctkins 8uch as The Lrfe of Pi, Metam￿0$1$, SleiJth, Sister Ac4 aryj The Play 7h Goes Wmry. In addition. eight88n Iravel8d to YO￿ to anh)y actsng 4)rks1￿￿, 8roathv8y and b8ckstsg8 tourn. Mu•lc Music ts)ntinued to FAay an inpxtanl rolè In toth the artistic and switual life of ￿ Ith￿1. with a rang8 of ensembles providing the be8ulrful MUSK 8t M8¥s w &ndays 8n ede(1￿ ropertoire d concerts th￿￿hOut the year. In the m￿haelme$ lem?. the House Vocal corn￿￿￿ ensured that every wiyl w8$ afford•J OPF¢Atunity lo pèrfom. whilst also alltrwing ts deduled ts￿nI to shine. Wigrr#xe look the crwi. with guest afjudicator. Dr Charlotte Exon from Dom6 H(X￿o. ctsnffnlirJ on the 8UPtKxINe aTrJ en(x)uwTrJ al￿￿SPhere. Thg music scholars concert their annual concert n No4mber. showcasing elite perfomiance auoss voice and inslrumenls, vthilst lunthtim c*)ncefts c4Mtinued to bg a tK)pular opwrtunty throughwt the year for performers cl all abilrties lo expermenl with or to perfom) in a wami and friendly ènVirOnr￿ for the w first lime. Christmas was a typicaty busy but joyous time for St Marf5 mus￿l8ns. The v0￿e5 by Candlelight concert Saw Senior Ma(Irigal perfoThn Britten's Ceremony of Caro15. aLtompanied by harptsl AJyLa Mcore. Three Carol Services foll(￿ed for parents. PUFib and alumnae b8fore the term c¥)￿4Lb￿ed in traditional arwj eccentrlc fashNJn with Caro15 in the Link. Page 15

ST MARY'S SCHOOL ASCOT REPORT OF THE GOVERNORS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 The Lent term saw the MUS￿ department work al￿S￿le Dram8 on the prc#J￿t￿n of Guys ond Lk)Ils. whilst also prepafing for the annual Vocal and Orchestral COr￿ert. Carn￿¢)n Ferfomd Pergdesi's sfabat Alalerto great acclaim. ￿lIst the ￿ expanded orchestra. uThler the direction of the He&J ofAcaJemic mus￿, tackled re[￿101.18 from Saint-saens, El9￿ aThJ WilHrvL% wilh aF4￿￿. The Rcck cOr￿rt and Open nights contfftued to deloht packed hws with sthsts and ensembles perfonning dNerse prc3rammes cl exciting mu5r. Thè JUn￿r. Inlemiediate arK1 Senior Session Bands all perfonned rock repertoire to an exceptionalty hwJh starKlard. cyiginal c£MnrrfJsitlons were frequentty perfom)8d by ts18nted sww-soiwilers frixn all yeargTQUPJ. The $umrrr tenn saw a range of eX￿Pt#)nal musical performances al the annual Music Captsin's Concert. the Summer Soiree and Open Day. Thefe were some notable Indr￿dual Suc￿$$eS lo ce￿brate.. the Mus Captain a¢hiev8d a th)ral award from &'dney Sussex Collegé, cambr￿8. a Year 11 pupl successfulty gained a place on the NYJC summer programme. a hvJNy compglitrve jazz L>Jurne.' and a Year 9 cellist 8 place lo slart training at Trinty Laban this Sept8rtr. The department rounded off a w￿lderful wllh ts l(Ytraw8it•J CompvJn lour of Vonic. chc4r pèrfomied in stunnlng vènues across Venice arnl Palova and Mass at Sl Mark's Basih'ca. The trip marked a frtts'ng way to 50y gc(Kltye to Anita Roes knr 8uc£sslul year8 in her rol8 as Dirnctorol MLLSIC. Trlp• In addit￿ to over one ￿ThI￿d acthic and C￿(1rTbQj0r day trips. wpls from evory gffjup had the opportuntty to tske part in resKienlial vistts to an excilirvJ array of kxalwis. Inlemalional dostinations Induded Rom8, New York. Parls. knta V811&y. Norn8￿, Geneva, Venlc, Ver(x)rs 8rvJ Flaing. wthI151 domest re$klenli81 trlps vl$it•d thè New Fornsl. Brn(y)n 8eacxn8, Port Tal￿t, Bristol, Noth'ngham ond Pooltr. Duk• of EdlThburyh'• Aw•rd Over 120 wpib t(w)k part w) the Duke Lrf EdinbJrgh'¥ Award w ￿110￿$ I•vo15 last ￿r. 22 Intrepld LVI puplls Ir8velled lo Vercors to (1)m￿ete thew Gold assessed exFedil•)n. more than provry their ability by coplng wllhout their luggage, N)t make it out to FrerKe Unt￿ 24 ￿r8 aftor they hgd 8Thed. At the annu81 DofE 8wards eererrK)ny in October, 55 pupils were wesenled with their Bronze certif￿010$. 31 recewed Silvar. and 13 recewed Gold. Our DclE cert￿￿￿te fty April 202Hlarch 2024 repcthd thal our PU￿19 had spgnt 2.$22 h￿Ts vdunleering ovèr thè past year, wrth a social value of £13.315. Sp••k•r• 11 was a pleasure to wekomg a dNerse rarMJe of éfwing spoakèryts to Sl Marfs across the academic year. The exiensive programme of talks ena￿e$ pup￿$ of all ages lo ksten lo inspiratKnal irKlividuals. each ￿th their own stories, advice or exPe￿nCeS to sha￿. The speaker prc#3ramrr this ￿ar induded tslks from Hope Powell CBE (former ErwJlaThJ VIry￿.$ footbal manager). Manjeel Monn (aut￿r. actress and playwTightl. Jessica Futft)rd Dobson18waft>winning Fortrait photwathrl, Joanna van der Lants {Sonior Con5uAanl for Antiquili&s 81 Bonh8ms). Can￿lne Gimet tswmalisl and ¢k￿mentary prodLKerl, Izzie Femandes (founder of social entèrprisè project. FLAAREI. Maria Chambers {P￿jects Mana￿r al Firefty Intemationall. Oliwa Hill (Founder and CEO of OperatKJn Rèathl, Ed Shaw&Taylor (Lecturer Art Hstw Abmadl and Dr Guy Sutton IDirector of Medul Bb)Icgy Intefaclive at the Universty of NottiThJham med￿ Schcdl. We VBre a150 ddight8d lo welcome back several alumnae as part d our ￿nn￿91 carews everrt. Clubi and Socl•tl•s Over fryty dubs arKI S￿￿tieS were offered to St Marfs pupils the Lqsl acadern￿ year. $pannwig interests as diverse as retro gamiThJ ar¥J Fo￿ula 1 to law ecthcffiics. Most S￿letio$ are run by Sixth Forn pupils, with notat4e $(t￿tieS last year induding the Finanr Scoety and Ihe EntrepreneLsfship Society. Both of these 9￿CletieS wek¥)med guest speakers to explore ￿rearS across multip industries. Page 16

ST MARY'S SCHOOL ASCOT REPORT OF THE GOVERNORS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 TVLP St Mary's Continl￿ to pLqy an aclive mle as part ol the W IThans Val￿Y Leamirb3 Partnership). hosting several events induding the Gothic Literabjre ￿nfe[er￿¢. the Brnin Day with Dr Guy SLrtton. Intemational Women's Oay and an a¢adeffl￿ SyrnF)s￿rn on the thenw of Byzantium. Conslantinoplg and Istanbul. In a6Jf(ion. St Mary's h(ksled the inaugural TVLP Dran8 cx)mKellts￿. winniThJ Ihe prize for 88sl Production. Ov8r 200 pupiLs from loca stste SCh(M￿S n aJdbtion to over 1(KJ St Mary's W￿'LS have onjoypd the benefits of this partnership. FundA1￿n9 Atthough St Mary's Sthool Asc>)t does not have es its primary obiect fundraising, the Sctrbjol ackrbyNledges and ats'des by the Fundfaising ReguL3lorfs Crxl¢ ol Practts and is Clynk￿Bn1 wth the General Data ProteCt￿n Regulations. The Sthoofs pn"ncipal is derived from schod faes whith is porvjully ¢xJmplemanted by fundraising for a cause such as a rnaior cawial woiect. The Schcx)l employs a Development Direct(y is currerfy also PA to the Headmistress. The Trustees direct and oversee the School'5 lundraising activitres through the Devel￿ment Committee, a s￿￿(￿nmitte8 of Ihe 808rd of Govern￿S. The School's fundraising activf(ies are restricled to the St Mary's c(rnunty whith indudès ￿ttent and former parents and memb6ryJ of the Ascot ￿umn38 A3socia1x￿. The does nol opproach wthbers of the public. There ha￿ no ctsn￿lntS or concems rwsod ty 8r)y mèmber of lh8 Si Mary's communrty vllh regard to the Schcol's fuThJr8lsing actNths duriryJ academic ygw 2023r24. STREAMLINED ENERGY AND CA1180N REPORTING (SECR) Thi5 1$ thg fifth annual vthith incbAes reamI1￿d ￿ergY aryj rOFxyliffj. GreentKyJse g88 IGHGI emi$shJns and energy use data for the period 1 Sèmènknr 2023 to 31 August 2024 for the Same Pgnod in Ihe prgvious year affj as folIch￿.. R•portlng Yur R•portlng Y•ar 20234024 2022.2023 UK GHG •mls•lon •nd en data % Ch•ng• Energy consumpt￿)n reported indudry gclar kwh ScoF 1: Emissions from the corrtsjslion of N8¢ural Gas tC029 ScoFe 1.. EmIss￿r from CwIxBti￿ of Fuel for Irans rtlmachin tC02e SwFe 2.. ÉmissK1r￿ from pw(awsed Electricty tC02e {REGO Backed Rer￿8￿e Giwj Electric ScoFe 3". Emissh)ns from t￿InesS travel in employee- owned vehides, where (xrfnpany repaMI milea e claims IC02e Total emissle￿5 based on aly Intensity R81io'. C02e gross bowl ￿ mandatory r￿d$ at)ove per melre square of Grc6s Intemal Area.. K C02e b￿.n 22 370.4 m2 6.473.929.7 5,835.605.9 +10.93% 827.27 +14.67% 6.12 -70.00% -1fxl.OO% 0.80 +65.￿% tC02e -12.92% 42.93 kg C02e 49.3 kg C02e m*2 NIA Page 17

ST MARY'S SCHOOL ASCOT REPORT OF THE GOVERNORS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 An 9￿￿er￿e based was adopt•J in accothnce ￿1h BS EN ISO 14064-3.2019. Section 4.3. venfiable dats h85 twi colthd from the folh7•&iThJ sowces.. Energy Data: Ulilrty i1V￿(￿. suppty s￿nff￿ry dooJffnts. repay￿￿1 daims aThJ luel card& and corresporKlence ith 5UPFIièts. Prevlous Audlts: ESOS Pha¥o11. En8TrJy Audit 2018119. SECR 2021r22, SECR 2022123 and ESOS Phase 111 Factor•: All enTh$sW￿ fac0￿ lor C02eha¥e beèn ￿¢￿ated usiThJ Defra ConversK)ns 2024. Roportlng P•rlod: The SECR dssL>sur• 1$ thè Fi￿nCl81 Year 1 Seplembgr 2023 to 31 August 2024. Intsn•lty R•llo'. The Intensity Ratio is bawj on th8 S(￿r$ Grc88 Int8mal Arna {GIA) a5 kihjgrams of Cartthdtixide Equiialenl Ikgc02￿rn2}. Gr•y Fl••t.. w￿re appl￿atIO. (x)nsuNplth was wnvwted usirvJ Defra Laywersi)n$. based on the Information pn)vHd8d. Mikn Rodaimed as a lotsl eost at Ral8s Payable or m￿S Claimgd. Where Slze. Type and Fuel are unkTr￿. these have b8en ¢aulabJ usiNJ Averages and Unknuwn, r85pgclivoty. Thlr Tho •Mrgy data has bèen comw and audited by C(xal El￿ Umied. Si Mary's Schcd h3L¥)I RenMbl8 Gènerakn Guarantee of Origin IREGOI Cortifd Electricity, resumsw in zefo scope 2 emis•￿5 akngside the Sehcd's solar panel t￿nsUmption is in ltseif renewdble. The Sch(YJ w ￿)kI5 95% LED IvdhtiThJ acTOSS thè ￿1•. The SchLX)I's ECO committee campaigns to lum off unused lights. Rather than replaong. th8 Schc(d 1$ adw8ty trying lo repair held 8ssets and itèms. Increased nK)nilorirwJ on the BMS system bgen LtThJgtsken and a air K￿rce heat pump h85 been installed foll(MFng the construction of Sl Omer Cotlage. FINANCIAL REVIEW Re•ult• for th• Y The CL)nsolidaled resutts of the year are shovm in the ccrtsd￿aied statemènt of financial aclivilies on page 25. Nat income amounted lo £0.56m 12023.. £0.18m). Expendrture duriThJ thè year was £20.5m 12023.. £18.7ml- Fln•n¢lal vlablllty MI l•v•l and pollcy Th6 Board crf GoveMc￿, h￿ng the facilti8s availatlè to thè School together V•ilh thg expected ongoing demaThJ for ￿ arKi the Scw's future proieded cash flow5. have an expectslion that the School has adequ81e res￿r￿ to continue its activities foreseeable future arKI cons¥Jer that there were no material uneertsint*s over the Sctrthl's finanoal wabilty. A£c4ydingly. they also o)nlinue lo adopt the going concem basi8 in prepariNJ the finandal Staleff￿nts as othlined in the Slatemént of Acco￿1￿ng arKI Rewjrting Respcfflsibilities. The Schts)I c#Jffentty has total vnreslrthd fuThJs {exckAJiry dwn81ed funds) of £28.7m I￿)23.. £28.2m) of which fixed assets are £29.2m12023'. £30.1ml. Tr excess of fLxed assets over unrestricted funds is £0.5m {2023.. £1.9m}. Page 18

ST MARY'S SCHOOL ASCOT REPORT OF THE GOVERNORS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 At the year end the scho￿.$ consc4Jated unrestricted fuTras stoc#J at £28.8m12023.. £28.2ml. After a4'usting for unrestricted frjnctkjnal fixed assets fcrf the charity's ly￿ use and bofft)wings against them. the Sctthl had free reserves las defined by the Charrty CommissiC￿). It is the G(rMnors' kng temi policy to up free reseryes out of annual operating surpluses and. subje(I lo th8 prKJr demands of furthef expenditure to equip th& sc￿)￿ wth the up lo date faclities needed lo maintsin the &andanJ of educational Serv￿&S provided for the benefrt of all pupils. lo establsh feseThes to c04er the rtsks and uncertainties of operating as an indep8ndenl gducalional eslablishmenl equirdlerrt lo ￿ term's owats'ng costs (currently approximate £6.7m12023'. £6.1mll. PRINCIPAL RISKS AND UNCERTAINTIES The goverrm are respC￿￿b1e ts t1￿ o¥etseeThJ of the risks faced by t￿ SclK)ol although delallèd consNJeralion of risk is delegated lo the Headmistress and Ihe Senw Management 8nd Education Team. Risks are idgntrfied and assessed and controls esta￿1shed Ihroughlxrt the year. In the opIn￿n of the govemors the Schcy)I has established systems crf inlemal ¢￿trdS and other viable means induding insurance cover which. under normal tOndrt￿s. sh(wld alow all risks lo be managed lo an accoPtable16v81 in ils day to day operats'ons. It is Teecgntsed that systems can onty promde r6asonatAe but nol absolulg assuranc that major sks have been 8dequdy manw. The goverrk)rs formally revièw risk at the F&GP IT￿ling as a Star￿1￿ agenda ttem. Are8s of particular concem arg hvJhlighled lo the Ma￿ Board thn)ugh Ihe disserr4nalxin of 8 Top Ri8ks' pa￿r whith draw5 on the whole sch￿1 risk register. In the risk ￿gister. rb¥k is dmded into five sections and at each meeUng of F&GP one seclicm is considered. The secti(￿5 are Extèmal. Finance. Govemance. Operations arKI Compliance risks. In athJitton. the ènliw rfsk regi%tw is rev￿d annualty by the Bursar and sKJnlfkanl ¢hang88 to d8k profikn ￿ corrtrd Th8surès are h9hl￿hted to at th8 ttme. The mosl s￿nif￿ant iisk to th8 ¢tharty is a substantial fall Mi ww'l numbws woubj havè 8n Immediate Impact on the Schod'¥ finances. This risk is miligalgd by g w¥Je raryding set of (x)nlrol maasu￿S Induding th6 provision of a first dass fjduCat￿ 8xperienc for the wpils provkled by a well ￿$OUrc￿d. skillèd and d&Juled team of academic. pastoral aThJ support staff. The stsff orè ablè to draw on the first dass facil￿6$ whith not only serve lo providg on outslandirrfj ed￿tIonal enwronment trtrt he￿ promote the Schwl to prospectN6 Parents. The SclKxJ'8 ¢jerrW￿Irabl& suctess in public examin4t¥)ns is also a maj'or factor maintaining pu￿.1 numbers. The P￿'S C￿lInuIng to ensure the Hgadmiglress and hèr senK)r managers have the resources to prov¥Je this fifst dass educaticn experience is furmjamental to reduung the of drop In wpil numbgrs despite the wnp8cI of faclrys outsbje the Scth'8 inwnediate conlrd s￿h as a drop In pw)il numbers as a resuh of the irrpo￿tIoTh of VAT C￿ SC￿ fe8$. Thg 8oard of Govemors ¢k> uThJwestwn the rlsk to the SclKX)I's finanLyo1 h88hh as a rnsutt of tho cumulative impact of changes in 18gislal)n arKI Lix liablty. both of which arg (xrtsid8 the Schcd's dirgct control, such as the rerrthial of the VAT eX￿P1K￿l in Jarway 2025 aTrJ the romcwal of Mandatory Business Rates Rel￿1 in ￿)ri12025. The Board also 8CkTrTh￿￿I9ÈS lh8 finandal reprnswtgd by extreme IncNse5 wi the o)st of energy. The Board of Govemorn ack￿1 th ir•uale safeguwding of thg wrrfls 19 a key ri8k In a environment. The govemors, vtho WNe anr￿al safeguardiw training. primarity r￿lIor safeguarding within the School through the S8feguardiryJ Committee. the Safegua￿1￿ uwrrrfy and through safeguarding rnports received directly from the DSL at each aNI every 8oard meetsng. Safeguar(ling is a￿ayS the fi￿t agenda Item at every Board meeting. The goverrK)rs Wel￿ne the woth d the sc1K￿$ SafeguardirwJ Review Board which cL)ordinales safe￿arding Folcy matters across fv Sch(￿1 eft￿ronment. Finalty. the pvermrs akn recwnise that health and safety is a si9nffi(*nt ar8a for risk Managem￿t. At St Mary s the risks range from fire a￿1 infraStrudU￿ lo pe￿nal risks. particularty on Schwl trips. The govemors have this year eslatAished a new sutr￿￿mmrttee IProFety arKI Health and Safety Committee) to focus on heatth and safety matters at the Schcd. (Iwemots are satisffiedthal risksare managed akwroprialety through Sensib￿ risk assessment aThJ thwh planning. Further reas$urar￿e is ach￿Ved through the empk)yment of an extemal independent fwe risk assessor a￿1 an extemal iTrJependent health and safety auditLY. Page 19

ST MARY'S SCHOOL ASCOT REPORT OF THE GOVERNORS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 FUTURE PLANS The BO8￿ of GoNtrtbxs. suprthed by the Ccmjncl. rwnains foujwj advancry Ihe Rcrfnan Catholic faith through the advancement d thè edueatw)n of chihyren by managYvJ and •Jministering a smau. academic. Roman Cathol￿, girts. txjardry schcd. The Boanl beI￿Ve5 Ihal the SdKrfs currenl structUTe. strategy a￿1 pl•c8 it in a 8trorKJ position to remain resilient lo the impacl of any fijlufe Pandem￿ a1l1Krtth￿ ts Board is not ￿rr￿￿￿c8nt remains alert to the need lo be auile in any respcmse that 01￿m5￿r￿S rtw demand in the luture. Th8 Board continues to ovewe the devdopmenl as advised by the HeadmL8lress. The governors, guided by the E￿L￿tic￿ Corrmittee, V•re p&sed thal the is keepirg abreast of developments in public eyaminalicffis inthdir4J IGCSE. Pre-u and the Intemalional Bacca18ureale. These initsalives are tharty imwtant arnj the Schoc4 may wel in the future have to adopt some. or all of them. but the 8oard conlinu6s lo belthe that a small schod such as St Mary's s￿vId not risk bging in the vanguard of th6$0 tharwJ8s. Thg Board c￿tsnu0S ¢0 ￿ace a signfficant pii¢yity on broadoning and w•Jèniro access lo the Sch()of through the means-tesled bursary scheme, links wilh loc4 ate sclKKls thg commuThty. With regard lo infrastrucbjre devebprrnrt, the Board of Goverr#)rs 1$ vJnsuous of thg need to malntsin an equitable balanc bet%￿n ensurlNJ the ojrrent pupiL8 benefit whlsl 81 the same gnsuring a sound infrastructurè and finar￿A81 base are prèseThed forthe nexl gengralion of puplLs in Ihe same way as th8 Trirrènl pupils tnefil t(Jay fr¢￿ the WN8¥tm8nts m•J8 in past. Maintaining and where r18cess8ry devek)ping the fabr￿ aThJ facih"ti85 of Schcd are eenlral lo the Boar(l of Govemorfs 81ralegy. A roling programme of improverronts and mainten•n¢• 1$ wnb¢dded Into ￿ School, fundlng programme. Page 20

ST PAARY'S SCHOOL ASCOT REPORT OF THE GOVERNORS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 8TATEMENT OF GOVERNORS, RESPONSIBILmes The govemors (who are also dir8ctors of St Mary's SCh(X￿ As(x)I for purp)ses of eompany law) a resFonsible for preparing the Gover￿￿. Rep￿ and the financial State￿￿nIS in accordance writh applicbl8 law arJ Unitèd Kingy￿n Ac￿Unting StsThlwds Iunited Kin9Jom Genèrdlly A￿pIe￿ kcounting PraclicE). Company law requiros the govemots to prepare fwnclal stotenwts for each finar￿1 year ¥th￿h lyve a true and fair vw of the state of affaws of the tharitable c£thpany armj group ol the incoming resources and appli(ation of fesources. induding ts income and 8XpendrtU￿. of the (arity arwj thg group forthat ￿n¢#I. In preparing these financial statements. the Trustees are requred lo.. select suitable aco)unting fft and then appty ccrftsistently; obsefve the mel￿S aThJ in the Chartties SORP. make luthjmenls and est¥nates Ihat are reaso￿tI￿ and rrt￿nI. $lale I￿ather applu￿e UK Acc£MJnting slandards have beén foltr•Md, su4.ect lo any maledal dep8rtures d￿￿Sed and exFlaw)gd in the fina￿al slalements., arKI pare th6 fnanaal statements on the ￿>l¥J (x)nc•m bosis urths It Is inappropriate to PresUff￿ that the ch8fftat4e coff4)any wlll (￿nIOnUe In trAKiness. The governo￿ are responsible for kowng pwr aC£thnt¥￿ rec￿d$ that are suffKienl to show and expkgin the group's and the schc￿l.s transxtDns. disch)se with rnasonable ac()Jr8cy at 8ny bme thè fin8nclal poskr of the tharitsble company and the group and ena￿8 them to er￿re that the fin8ncial stalèmenls ecrfnpty w th6 Companiès Act 2(M)6. They are atso re5Fonsbie for saf8guardYKJ the assets of th? th8ritabl8 company 8nd the group and henc for takry reasonatrAe steps for the prove￿oft and dele(aion of fraud arKI other lTheguloritios. So far a8 each of the wvemws 1$ 4ww• at the tlme the ieFcrfl Is ap￿￿J. there18 no relgvent audit thmaticfft ofwtKch tha c#)wpnls aLKJtl(K3 818 unw4V¥8'. and the govemors have taken 811 steps that Ilw ought to havè taken to mak&themse￿$ aware ofany reknant a￿111 Infmtlon arKI lo estat418h th Ihe wJbt(Ys arg awarn of that infonmatlon. In approving this Trustees. Rerrtxt. thè Bowd arn also apwovir¥J Ihe Stratsgk Rerx)rt Indudod hereln In thoir capacf(y as r>Jnpany dirfjct￿5. BY ORDER F THE BOARD Ms Clemen n8 Vaughan Chair of the ¢>JvemorslDireLt>rn S Decmber 2024 Page 21

Crow• U.K. LLP A Crowe R+ Budth 2 8lagm8 sireet BBdÉste RG1 1AZ L Td [phone] Fay [phone] INDEPENDENT AUDtroR'S REPORT TO THE MEMBERS OF ST PAARY'S SCHOOL ASCOT Oplnlon We have aLwJil8d the finani?al statemerts of St m￿.5 SthxA Ascot for the year end￿1 31 Auwst 2024 whith compriso ￿ Statement of Consolidated Financaal ActNilies. ConsolKlatod Baknce Sheel, Consolitlaled Slalement of Cash Flows and ￿te$ lo the ffinancial stalemenls. indudino significant accoLtnling kY)IKtes. The f￿an(￿al rewrting framewth Ihal has tjeen applied n their weparation Is 8pplicble and United ￿ngdorn Accounting Starwjards. K￿L#jIng Finanual ReForting StarKlaftl 102 The Financknql Rewting Stsnd3￿ apph"cable in the UK aThJ Repubk of Ireland (Unrted Kingdom Generalty Accepted Accounting Pradice). In wr OFinron the financid state￿n￿. give a true and fair of the slate ofthe group's arKI the charttat4e c4)mp8ny's affaks as at 31 August 2024 and of the group's inc￿￿ and exFthliture, for the year then ended; have b88n property prepared in accordance with Unl&J Kirydcffj Generaly Accounllng Prnctieé: and have been prepared 7hith tho r9quy0m￿ts ofth8 Companth Acl 2￿6. Ba•1• for oplnlon We conducted our audit Sn o(%rydance vi¢h Inlom8li¢Ywl Standard$ w A￿￿bting {UK) {ISA8 {UKII arKI applicable law. Our responsib1rt￿ under I￿)se aNJards arg fvrt￿r do￿ribed in the Audilorfs re8rth)sits'lrties for the aLhYit of the finanual staterr￿ts sectw of our repyt. We are ind8p8nd8nl of the group in ace￿anCe wllh the ethical rewlrem￿ts th& are relevant lo c4Jr 8udil of the finanual stal6m8nts in thè UK. induding the FRC'S Ethical Standa(d. and ha￿ fulfilled our other elhKal re¥￿￿bIlit￿5 in •wJrdance with the58 requirement$. Wè b￿￿¥8 that the audit evAlence we have Obtain￿ is SLrficienl and 8Fpn)pr￿te lo providg a b8si5 cpM)lon. Conc￿•10￿ r•lllng to 9olng conc•rn In auditing thè financial stslemenls. have c4)nduded that the govemc<s use d the goKvJ (ts1¢om ba818 ol accounting in the preparat￿n of the finanaal statemènts is appmpriate. 8858d on th8 work we have p8rfomwd. havts not Id￿l￿d any malerlal uncertaintles relatirs to event¥ or condilK)ns that, individualty or cdlectNely. may ¢3sl sb3nthcant dwbt cffl the group's ability lo contin as a golng c¢)ncem a t￿(#1 of al leasl Iwelve monthsfffffi vknen the financial $talem8nls are authoris8d for issuè. Our res￿￿bilItieS and the reSp0NbMit￿ of with res￿ to going arè d8scrlbod in tho rdwant s6CtMY￿ ol this reKMYt. Other Inforrnatlon The goverTh)rs are re$r￿j$b￿ fc the other 1nf0mwlr￿ contarbj V•ittrMn the 8nnud reFKYt. The otsr infomation comprises the infomati)n iThJuded in the annual reFrfXt, ot￿r than Ihe finanual statements arKI our 8udilols reFKvl thereon. Our opinN)n on the finanoal stslem8nls does ncl cover the other infomiation aThY. except lo the extent clheThite ewliouy ststed li ￿r retx)rt, we do not express any form of assurance eondusmin therthin. Our responsibility is to read the other infomalion and, n doing so. Consider whether the other information 15 materially I￿onsIStent wilh the finanual sLements ( c￿T knthvledge obtained in the autht or otherwise appears to be materialty misstated. If we identify SLth m8lerial H￿4)nSisten￿e$ or apparent material misststements. we are requwed to determine whether this gives rise to a material misstatoment in the finonryal ststements themsel￿. W. based on the have performed, we o)ndude that IheT8 8 malen81 misstslement ofthis other infomiat￿n, we are reqLvwJ to re￿rt that faLI. We have Th)thing to repLNI in this rega￿.

A Crowe INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ST MARY'S SCHOOL ASCOT IcoKfiNUED) Oplnlons on other mattern prmcrlbed by thfr CoftyAnlM Act 21)06 In our OFinion based on the work undertaken in the oJJrse of our a￿lit the inf(Xmati(￿ given in ￿ InJslees' rewt. l￿deS the govern￿. reFth strateglc rewrt prepared for Ihe purwses of ￿npanY law. lor the fina￿la1 year for vthith the fvwD'81 ststements are prepared is consistent With the finanaal statements.. aThJ the Strateg￿ repcrfl aThJ the directors. rekN)rt Inch￿Ied wittm Ihe gOVe￿￿)r5. rep(xt have been PTepBred In ￿tardar￿ aKltsble 10901 rtwirements. Mattern on whlch wè arn r•qulred to r•port by •x¢eptlon In I￿h1 ol the and underStand￿g of ￿ group aThJ their environment obtairbèd in thè of the audit. we have not identified materkil misstaleffr)ts in the Strateg￿ reFth or the directorn. reF(Vt Induded wlhin the rep)rt of the g0ven￿. We h8ve nothing lo rep￿1 in rèspect of the foltrAthig matters in relalion lo vthich Corryanies Acl 2008 r￿uir•S U5 to TeFort lo ￿ rf. in 0￿.n￿)n'. adgquate and proper acC￿JntiryJ record5 have bwi keFI: I the finandal statements are ncA in a9r8ement with thè ac&￿￿Ing reo)nts and relumj; or certain disclosures of trustees. remunW8tm￿ $Fwfied by law are not madè., or we have not rec•bvod all tho inlwmabon arKI 0xplan8t1￿3 Wg Tèquim f< cw audt RMpon•lbllltl•• ol tN•lw• A8 explained nMNe fully in the govemots, reSpons￿lIrtIeS statement sel c¥Jt on page 21, the wvemors (w are also the directors of the charitabl8 cg)mpany for the purFX)ses (rf L))mp8ny lawl are resFonsible for Ihe preparation of the fin￿e181 statemnts ar￿ for beir#J Satisf￿ that they gNe a true and fair ViV•¥, aThJ for such inlemal control as the gOVer￿r5 delèmin6 is necossary to enable the rKeparalK?n of finan￿al stolements that are fre8 from material misstatement. thether to fraud or èrror. In proparing the finanoal StsI￿nIS. ts ￿Ve[r￿ aro rgsponsiblefor assessmw the tharitablo company'8 obllily lo continuè #s a goirYJ ctsKém. disdosing. as applieable. matters related to golng concern and uskng tho 9)ing concem basis of aeeountiro unlets pvèrrh)ry thther Intènd lo liqupjale the charltable compgny or lo coase cpgratiLw. or have no realslic alternativg but to do so. Audltof r••pon•lbllStl•• for tho awlll of th• Ilnwd•l •t•t•m•nts Our obJ'ectNes are lo obtain reasonable assurarre aboLrt whotsr the fInar￿la1 ststements as a wmè arè free from material misstatement, whether due lo fraLkJ crf error. and lo issue an a￿jitO￿5 r8FQrtthgt indudo¥ our opinhjn. Reasonable assurance is a h•Jh of assurance. but Is not a guarantee that an aud conduded in accordance vthh ISAS (UK) ahvarts detect a material misstalemenl when It exlsts. Misslaterrnts can arise fraud cff efror and ar8 r￿n￿dered material rf, iTrJiwdualty or in the aggregatè. they could feasonaw be expgcled to eco￿1¢ doc1s1￿ of u¥ers tak8n C￿ tho basi5 of these financial statements. Details of the oxtont to the aLbJit was c4YIsKlergd (xpth ol detecting Irregularit￿5, kndudlrKJ fra￿1 aThJ r￿n-compli8n¢e th la￿ aThJ reguk7i￿s arg Set out belcw. A further descriplK)n of our resw)nsiblTrties for the audit of the financial statements is lo￿ted on the Financkal Rewrting cOu￿￿'S websile at: wwi fr . . This descriFrtion fomis part of our a￿lit0￿5 rel￿. Ext•nt to whlch the audll was ￿nIldered cl￿ble of dotsdkng Irr•gularlll•s, Indudlng hud lffegularrties. Ind￿Jing fraud, a￿ instsrKS of nOrF(￿Mp￿.on￿ v4th kws and regulalKJns. We bjgntihed and assessed the risks of malerid misststement of the fi￿￿ncial ststements frcm iffegularities, whether due to fraud or efror, and dI￿u$Sed these belween our audit team members. We then designwj and perfwned audit procedure5 re$ponsNe to those risks. ()tsinng audit eVNjer￿ SUff￿ent and appropriate to provide a basis for our opini￿. Page 23

Crowe

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ST MARY'S SCHOOL ASCOT (CONTINUED)

We obtained an understanding of the legal and regulatory frameworks within which the charitable company operates, focusing on those laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements. The laws and regulations we considered in this context were the Companies Act 2006, Charities Act together with the Charities SORP (FRS 102). We assessed the required compliance with these laws and regulations as part of our audit procedures on the related financial statement items.

In addition, we considered provisions of other laws and regulations that do not have a direct effect on the financial statements but compliance with which might be fundamental to the charitable company's ability to operate or to avoid a material penalty. We also considered the opportunities and incentives that may exist within the charitable company for fraud. The laws and regulations we considered in this context for the UK operations were The Education (Independent School Standards) Regulations 2014, Health and Safety, General Data Protection Regulations, Safeguarding and Food Standards. Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the governors and other management and inspection of regulatory and legal correspondence, if any.

We identified the greatest risk of material impact on the financial statements from irregularities, including fraud, to be the override of controls by management. Our audit procedures to respond to these risks included enquiries of management, and the Finance and General Purposes Committee about their own identification and assessment of the risks of irregularities, sample testing on the posting of journals, reviewing accounting estimates for biases, reviewing regulatory correspondence with the Charity Commission, Independent Schools Inspectorate, Ofsted and reading minutes of meetings of those charged with governance.

Owing to the inherent limitations of an audit, there is an unavoidable risk that we may not have detected some material misstatements in the financial statements, even though we have properly planned and performed our audit in accordance with auditing standards. For example, the further removed non­ compliance with laws and regulations (irregularities) is from the events and transactions reflected in the financial statements, the less likely the inherently limited procedures required by auditing standards would identify it. In addition, as with any audit, there remained a higher risk of non-detection of irregularities, as these may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not responsible for preventing non-compliance and cannot be expected to detect non­ compliance with all laws and regulations.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable 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 charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Janette Joyce

Senior Statutory Auditor For and on behalf of CroweU.K. LLP Statutory Auditor

Reading

Date: 10 December 2024

Page 24

ST MARY'S SCHOOL ASCOT CONSOLIDATED STATEMENT OF FINANCIAL ACTivrriES (INCORPORA TING AN INCOMEAND EXPENDITURE ACCOUN FOR THE YEAR ENDED 31 AUGUST 2024 Unmtrlct•d Funds Total 2024 Totsl 2023 Fun INCOME FROM.. Charltsble actlvltl Fees receiwabl& Ancllary I￿orne 18.739 1.203 18.739 1.203 16.959 1.283 Other tradlng acllvltl•• Lettlngy ineome Other trading income 47T 75 477 75 325 Bank and other Irrteresl 75 Voluntary •our¢ Donat￿5 Donations fn)m the Charitable FurKI 73 37 Tol•l In¢om• EXPENDITURE ON: Ralslng Fund• Trading expendrture 166 146 Ch•rfl•bl• •cllvltl•• Sthcol 0￿raIlr￿d costs Totsl Exp•ndltyr• NET INCOMEI (EXPENDITURE) 507 557 181 Transler funds NET MOVEMENT IN FUNDS 557 181 Balances brought foThArd B•lanc•• urrl•d forw•rd The rths on pages 28 to 43 fomi part af fir￿la1 ststemenls Page 25

ST MARYS SCHOOL ASCOT C(hYSOLIDATED BALANCE SHEET 31 AUGUST 2024 COMPANY NUMBER: 01844327 C¢)m￿nY 2024 2023 2024 2023 FIXED ASSErs Schl￿1 ￿lIdingS and equipment Inve5tments- in 8ubslth.ary company 29,163 30.108 29.163 30, 108 CURRENT ASSErs Stocks Oebtors Ca8h 10 11 31 37 21 936 25 754 21,283 21.205 5.318 CREDITORS: due wllhin or year 12 TOTAL ASSEfs LESS CURRENT LIABiufES 40.776 29.788 40,776 29,788 CREDITORS: 8ftor than one year 13 12 TOTAL NET AS8Ef8 FUNDS RHtflct•d Fund•: Capital Appeal 14 Unrestrlctod Gener•1 Fund•: Ordinary Schcol Funds 14 TOTAL FUNDS 14 The surrAus for the year In retation to the Schoc4 was £557k (2023.. £181k). The financial slalementg were apNo¥ed aThl aUlho￿ed fLY is8￿ by the Boar(l on S 0￿8Mber 2024 MS Clom•nlln• V•ugh¥b Chair cv The r#)tes on pages 28 to 43 frrfm part of these financial statements Page 26

ST MARYS SCHOOL ASCOT CONSOLIDATED STATEMEKf OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2024 2024 £'ooo 2023 C•$h Ilows from operatlng acthillles Nel cash pfovJed by OFerating activities (see note bekmf) Cash flows from Invullng athltl•• Interest received PayTrthts for taNJible fixed assets 75 Net cash used in Investir¥ adrrfities Cuh fl¢)w• from fln•nclng actlvllle• Cash reCfjN￿ for ngw adv￿¢8 ffje Amounts utilised ￿ atha￿0 fee c(xrtracts Ba￿ loan repayments 17.678 12.379) (2,022) Nel co8h fknvs from financing aclvlitws Chang• In cmh and cmh •qulvalènts In the rnportlng P•fknd 17.18 15,903 (1.530) Cash and cash equr¥•knts al thè b8ginning af th8 reFthrwJ C•h and •quh•l•nt• ￿ th• •nd of th• r•portlng p•rknd R•￿n¢111•t￿Th of n•t In¢offl• to rt•t Ilow from op•rnlkng •thltlo8: N8t income I (deficit) for Iho rarKMIiNJ thè SOFA) AdJu$tm•nt tor. Depreciation chorges Interest received Decreasel lincrease) In stoc Ilncreasey decrease in debtors Docraasel {incrèase) in creA4itors 557 181 1,775 (2291 1,692 Izsj f4) 35 cash wovhded by OFwaling acli¥it Anal￿1$ of cmh And ca•h •qufv•lents Cash in hand Not￿8 deposits 18,625 2,796 Totsl cash and Cash equivalents es ￿ pay 28 10 43 fcrfm part of these fmanc4al statements Page 27

ST MARYS SCHOOL ASCOT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 CHARITY INFORMATION Sl Mary's Schwl A8cofs wincipal actfVFty cxxrtnues to be the runniry of an independent. girts.. R(MN8n Cal￿11¢ trJardry S￿￿1. The incorr￿￿ed d)anty Ichafity number 2￿28fj. company number 018443271 is ￿m￿ded in ￿ UK. T1￿ a(lress ofthe regist6fed office is St Mary's Sch)ol Ascot. St Mary's Roaj, Ascot, SL5 9JF. ACCOUNTING POLICIES The finanual statements have b8en prepared in acte￿dance w7th th& Finan￿al Reporting Stsndard applicable in the UK and RepublK of Ireland IFRS1021. Ihe Corrwaniès Act 2006 and the Slalemenl of Recommended Practice to charities wepaiirKJ their accI￿nIS in accordance with thè Finanual Rep)rting Standard apF4Kable in ￿ UK arKI Republ￿ of IreLand IFRS 1021- effective 1 January 2019. No separate SOFA ￿ IrKTh￿ and EXp9￿1rtura has been wesenled Icw the Sch¢)ol abno as pem)itt8d by Sectv)n 408 (rf ￿ Crynpanigs Ad 21x6. The Sch￿1 is a Public Bernfft Enlity rwJistered as a charity in ErwJlarKI #nd Walès and 8 comwly limitod by guarantee {conyny Nmb8r. 01844327 arwj chwity number. 29)2861. a) Ba•1• ol pr•p•rntloTh The accounts are prepa￿1 hisloricl c#)sl CJ)rNentDn. The a(xxJunt¥ PT8sgnl the consolidaled slalemenl offfinanoal activitses ISOFAI. the cg)r¢solidalèd stslemenl ofcash flcv and the C￿s0￿dated and sclKoI b8kn¢e sheets mmprtsing th6 consolidatin of th8 SchTr and with its whdly ovmod subshliary St. Marls Ascth Trading Cunpany Limited. bl Golng concern The Board ol Goverm. h•vwvJ revitrwed the twms of the SchD)I's funding f8olrtw. tcgeth8r th the eX[￿ded ongoiw demand for places and School's fLrture prciected cash flow8, havt an expeclalion that the Sch￿1 has adequale re50urc85 to meet all ol its liabllilies as Ihgy fall due aThJ contmue its actr4iti8s for the fceseeable future. The gOVer￿r5 furthgr con5idar that there were ￿ material urThrtainlies impacling the Schc￿'s short- and medium-18mi oFrat￿nal bUd￿s. Ato)rdirWy. they also (x)nlinue lo adopt the going concem ba%s p(eparing the financial statements as c#JIl.￿j Statèm￿1 of AccJ)unlln9 aThl Reporting ReSp￿sIbIlitieS. c) CTl¢lcal accounllrw Judgments •Trd k•y #ourcm of e•tlmatlon uncertalnty In the appli¢alion of the aecpJJnling wlics. govemcys are rgquirod to make ludgThnl, estimates, and assunwtK)ns abwl the unying vahje of assets and liabilities that arg not readity apparent fr(Nn Sour￿$. The eslwnates and assumpt￿￿5 arg basgd ¢)n historical experience and other fadors thai are ctsts¥Jered to be ￿leVant. Aclual Trsults may dfvr from th￿ 8stimat8S. Page 28

ST MARYS SCHOOL ASCOT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 ACCOUNTING POLICIES l¢ontIn￿d) ¢) Crlucal accountlng Judgments •KI key Sour￿5 01 •stlmatlon uncortalnty {contIn￿d) The estimates arKI urKlevlwThJ assurrptK￿s are revi6wed on arb On9￿ng basis. ReMsh)ns to 8cttNJnt￿g estimates are rec(3ni5ed n the pemd in the estimato is revised rf the revis￿ affeds only that perKJ. C￿ in the peiijd of the rthis•)n aTrJ frjture FriC•Js rf the revislon affected current and fulwe pwk#ls. Jthygments made by Ihe 9)Verr￿S, in the 8OicalM)n of these a￿ntirrfj pdiu8s that have signifunl effect on the finar￿1 stslemenls ar￿ esiimales with a signrficant nsk of material adjustment in the nexl year are d8enW to b8 in relat￿ to Ihg deprwation rates of langib fixed 8ssets and we disojssed be￿￿. In the v6ew of th8 gthiem¢>rs. rK> assumptions ctsic8mlNJ the future or estimation uncertainty affecting assets or liablibes at Ihe balanc sheel dale are to fgsuII v) a material adjustment to their carryiNJ aM￿Jnts in the next finanual year. Incom• AJI in())ming resourtrt are In the staleffthl offi￿rtial actI￿tIO$ when the charitable ojmpany 15 ￿alY entitled irttyno. rwyt is wobatlè arwj thtrrnnl can bè quant￿ed with rgasonablo occufocy. •1 FM• •Thd ¥lmll•r Incom• Fees Tr¢eivab￿ and other fees are Kcounted for in the perw)d n whith Ihe ￿r¥I¢8 is providgd. Feès receivable repfosenl fees ￿58 t￿ls4r1•S and albwarths aThJ othor incomè dwlved fr￿fi tho s¢￿.$ conlinuing xbwlies. n Income from pupll •xtr Charges are made lo wpils to cover the c4)st d 'Ex1ra8'. In some cases thg costs sllghlly exc￿ thè charg8s and in othèrs thwe is a smal Surp1￿ romainkng. g) Invmtmènl Incom• Inveslrrnt income from bank balwKes and fixwj Intw95t Securit￿ 15 acrJjUnt￿ for ¢)n an accnJa15 baslj. h) Donatlons. l•g•cl••. grnnl• •nd oth•r voluntary Incom• Vdun18ry irthme is atttrjnted for as and vknen enth'tlemenl aris8s. the an￿￿nI Lyn bg rnllabty quantifd and the et))rnmK benefft to the Schrjj is con8¥Jered wobable. l) EXP•ndl￿r Expenditure is accounted on an accwals tsa￿ arKI is a1￿ca￿￿ to ex￿Se hè•Jing$ on cost basis. The ifTecoveratrA8VAT 1$ IndUd￿ with thè item ofexpense towhlch il r8lale8. i>)vemance costs compriso costs irKurred in npetirvJ statutory and constrtulional requirèments of the Sdthl. Page 29

ST IAARYS SCHOOL ASCOT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 ACCOUNTING POLICIES (Mntlnwd) JI Tanglble fixed assets Fixed a55ets are staled at cfjst18ss deWe(jat￿ cahwlated C￿ th8 folhywirwJ basis. 8uihJin9S per annum ￿ a strahJhl line basis Improvements and extensmy 2 - 10% amun on a straight line basis Athletic5 and hc¢key f&drty 6.6% per amwn on a straighl line basis Fumiture and eqUiprr￿I 20- 25% pw anNm on a straigm lir basls Irwjivhjual itèrrts c4)stirKJ less than £2.(KKI ore VK)t C8FMtaiwJ, exc8pt when fom) part of laryer project. Assets a￿ rarried in the Balar￿e Sheet al historul cosl. Assets under the c￿r5e of e4)nslructMin are not (knyeciated until IW are (￿rIe1e and brwhl into use. k) Invetments Inveslments in subsKlaiw ar¢ volued at cost for impBirmgnt. P•n•lon •c￿M al A rx)ntributcYy Gro￿ Personal Pensi¢￿ Pl•n ha8 been esta￿lSh￿d for certa administralive aThJ other nonvleaehiNJ staff. Thls is 8 defined ￿)ntributi￿ ￿heM@. contribut￿nS to Ihe plan arg made in aec4)rdance with the fules of the plan and are charged lo eXP￿dIture when they are payablg. b) The Teac￿￿. Pemicffi Scheme - Thi8 Sthwne i¥ a multimpWr pensK)n schem. 11 is not possiblè lo idenbfy the Sch￿r8 share of ts uNJoty'ng 8ssgt$ and liabllll￿s of the Teath8rs' Pension Scheme on a c￿$151ent aTrJ reasonable basis. Thernfore, as required ty FRS102. thg aecounts the ￿herne 8s rf il were a definod nlribulion scheme. The Sctrbxl's contributions. whth are In accord8nce wlh th8 recOrnmendic￿ of the G¢)vemm&nt ktuary, are tharged in the peri(J in whith the $8lars to which they relate are payable. The SctrKd hos enlergd a phased vAthdrawal from this Schem from 1 Septomt•r 2024. ¢1 A workrdaeè pensk￿ scheme has also been eStsb1i¥￿d for other Staff which is provhjed by Peop￿,$ Pensi(M. This is a defwl contrknution scheme. Contribution8 to the pLqn •r8 made in ac￿rdanc• wlth the nA83 ofthg plan and aro charged to oxrthjiture vthen they are payat48. m) Unrnstrlct•d fund• Unrestricted Funds are funds applgd al the discre11￿ of the govemor8 in furtherance of Iho oblects of the sd￿4. n) Rmtrlctsd funds This represents the rrnrwes rn(*Ned for spe￿￿ purFVMS as disclosed in rK>ts 14. o) Flnancl•l In•trum•nls BasK financial instrumen1$ we inthlty recLwed at trnnsaction value arHI 8ubsequ8ntPy measured al amortised o)51 WTth the exCep￿n of investrrenls are held at fair value. FinancAal assets held at arrthtsed cost ￿MplIse cash at bank and in hand. together vrith Ir and other debtors. A specific tKowsi)n ¢s made for dptls for whth recovera￿.1￿ i8 in doubt. Cash al bank and in hand is defined as al cash hèld in instant actess bank aco)unl$ and used as working capilal. Fr￿ncIal liabilities held al amortised c¥)st comprise all ueditors except S￿la1 security and other tsxe5 and pmisK)r£. p) D•blorn Trade and ther deblcKs a￿ re￿nised at the 5elUement amount due after any ttade dw)unt offered. PrepayThents are al the amount wepaKI net of any tr•Je disC￿nts due. Page 30

ST MARYS SCHOOL ASCOT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 ACCOUNTING POLICIES (Conllnwd ql Parnnts, deposhs The 9)vernors have revw•d the [l￿t t8rnL¥ under Ththith rAwiI fee deposits arn held by the School. Alihough under r¥￿al circumstaw these ￿ryI1 be repaid over future years vknen the pupiL8 com￿le their edLKal#)n at the pupils can leav8 at eartier dales. The Schod does r￿1. therefore. ha￿ an tsno)ndil4)nal r¥Jhl to ￿ain the indivKlual dep￿lts for at least ￿￿1ve W￿nthS after the balance sheet dale and, Wi In8 wlh the requirements in FRS 102. the baLan￿ of the dernsrts hekl at the year erKI have bèen induded within current liatslrties. The prior year wpil fee (￿F￿rts balance has bggn ¥iThMlaty rew8s8ntèd. r) Adv•Tru S¢h•r Amounts receNe(i under Schcx)fs Adv￿¢9 Feg $d￿ne contracts for 8duc4lion not yet ub'lised to Sett￿ sCh￿A fees arn rno)rded as defeffwj inclyne aThY albxatgd as current h'abilitses where the edu&itKM wll be tKovNJed within ￿e1ve mnths from the rep)rtirvJ dale and as long-lèm li8bililies where th8 education wil be (KOVhl8d in subwjuenl years. •} Cmh at and In hand Cash al bank and cash in h8rd IrKI￿leS cash aTrJ sh¢yl term highty IKWWJ Investments. t) Cr•dltorn •nd provl•lon• Credrtors 8nd provisions are rewnis8d where the Sd¥x￿ has a prnsenl 0￿1981￿)n resulting from a past èvent that will resutt In ts transferoffunds lo a third paty and the amount due to settle the oblyal)n can te mèasured or estimated rdiabty. Creditors and provisions re ncwmalty Tecogni8ed at sgtt1orTWrt aM￿)t aftèr altrthj for ary trado dIsc￿nts du8. FEES RECENABLE 2rJ24 2023 Gross fees Less.. totd bwswleg. grants and 19,645 17,724 18.508 16,777 Add bac: Bursaries pall for by the Chwitable Fur Page 31

ST MARYS SCHOOL ASCOT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 TRADING INCOME The School 04￿$ 100% ofSI Maws WdAscotTraditvJ c￿np￿ Lwnled. Tthith prowdes l&isure and conference facilrt*s lo Ictal aThJ othergrrAJPS. The regi51ered office of Sl Mary's &h￿l Ascot Trading Company Limited is St Mary's Schod Ascot. St Mary's Road. Aso)L SL5 9JF. Its taxable profits are donated under a dewj of cryrfenanl to the Sc￿. Its trddiNJ results. extraded from i audited accourts were: 2024 £'ODO 2023 Tumovor Letting$ in(we Othèr lrndlng In(f&me 477 325 385 Cost crf sak88 Grom profft 293 Adminlstration Op•rnllng wofitllloul 381 234 Covenant to schod N•t pvofft T￿tIOn Profft for th• yw Upon a)n8oIKlalion £5k (2023." £St) of interw¢CAnPny are elhminated. ANCILLARY INCOME 2023 £'oDo Other charg8s to FvMI$ SchrA Irips Registrats'on fe08 Other 710 718 436 41 41 Page 32

ST MARY'S SCHOOL ASCOT NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 ANALYSIS OF TOTAL EXPENMRE Staff ￿)sts Other Deprnciab( 2024 2023 Charltable acthilti SChC￿l opeTatir4J costs Teaching costs Wellare costs Premi￿ ctssts Supwt (>)5ts Dgvelopmenl and MarkelirvJ Finance and othèr Grant 8,769 2.115 1.166 1,443 183 10.395 3.056 4.290 1.939 259 134 9,923 2,652 3, 748 1,690 210 136 1.537 974 1.587 161 134 C¢Y4ts of r•l•lng fvnd• Ind￿ wlth sUp￿rt costs are go¥errnrte ￿ 01 £28k (2023.. £2a). Staff costs Oth Deprnci8tion 2023 £￿(k? 2022 2023 Chantal)le actvorfies Schcfjl operating costs Te8ching costs WeM8re costs Premisfts costs Supwrt costs Development and marke￿ Finance othorcosls Don8lDns 8,166 1. T91 9.923 2,652 3, 748 1,65%) 210 136 2.457 1, 157 820 1.523 870 157 1,445 186 136 Cosfs of raising funds Induded wilh supF<rt costs are govemrte cJ)sts of £28k (2022.. £24k). Page 33

ST IAARYS SCHOOL ASCOT NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 ANALYSIS OF TOTAL EXPENDrruRE ICONTINUED) EXPENDITURE 2024 £'ooo 2023 Charitsbl& act1w1￿ I￿u08. Depreciation 1.775 1.692 Auditorfs remunerati￿. ALJit Ot￿r Se￿7¢93 27 23 DonatK>ns D(￿allor￿ to the Ch#rilaL49 Fund Other donatKrfbs TOTAL STAFF COSTS 2024 £'ooo 2023 Wages and salaries (indudiNJ a)rtraclor costs) Social Security costs Penslon CJ)ntributlon8 10,423 9,557 1.016 The average number of empees In th yoar was: Teaching staff Support stoff 110 109 Key manag&￿￿nI personnel Ind￿ the gthiemors. He&1mislress and the Bursar las slale(l on page 3}. Totsl remuneral¥)n of key management Pgrsonnel (including empl¢)yerfs pension and employerfs Nl} durirMJ tho yo81 was £480,888 (2023.. £488.570J. Total lemiinalion paY￿￿nIS madg durknp the year were £nl (2023.. £n￿. Two govemors (2023.. Ihrgoj h1 travd a￿1 actcthmcl1al￿n èxpenses of £1,286 (2023.. £1,564) reimbursed for 8tterKling ffetlNJs. N￿8 of the other govemors or p8ry)n$ ￿r￿ted with them received any ￿Murration or other benefft fr(Nn Ihe Sthwl (2023.. None). Page 34

ST MARY'S SCHOOL ASCOT NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 TOTAL STAFF COST8 (CONnNUED) Number of emtloyees earni￿ over £60,rJx) (woss pay tsxat4e beneffts) during the year were as folLrnVS.'- 2024 No 2023 No £60.CrtJ1 - £70.000 £70.Crt)1 - £80.tsJo £80.001 - £￿.(1x1 £￿,001 - £1CQ,O £140,C()1- £150,Crf)O £160.001- £170.L) £210.0￿. £220,000 25 Numb8r of hYJher paKI c0ntht#JtKm￿ to a pgns Total rA%I of emph)￿5 0)rtn￿tiOnS in relallon to ts above Pa￿ 35

U<2￿0 < Q<UQ

ST MARYS SCHOOL ASCOT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 INVESTMEKfs {School onty) 2023 £'ODO Share in subsidrary comr8ry".- Sl Mary's Asccrt Tradiw CLwryany Lvnited 10. STOCKS Compny 2024 £'ooo 2023 2024 £'ooo 2023 Consumables 11. DEBTORS Con•olld•t•d 2024 2023 Company 2024 2023 othgr charges Prepayments 8nd acuu￿1 ino)mo Other deblorn Amounts duè fr(th $ubsKlk*ry Undert?￿rWj 333 154 19 154 13 10 10 CREDITORS: AnxwJnts fallng due within (rn y Con•olld•l•d 2024 2023 Company 2024 2023 Bank h)an1¥98 noto 13b) Other taxation arvj sockgl security Advance fee scheme (See note 138) Trade ¢￿￿Or$ Schc4Jl fees receprnj In advance Final term deFosits Other CT8(lito 237 244 237 244 520 525 6.520 1,802 432 1.359 797 1,056 779 437 1,359 797 369 Pagg 37

ST MARYS SCHOOL ASCOT NOTES TO THE F114ANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 13. CREDITORS: Arwnls faling due after rThye than crn year Consolldated and Conyany 2024 2023 Bank ban (Note 13bl Athanc fee scheme (Note 13a) 150 13•. An•lysl• of advK• f•• •th•m• Due.. Bet4bten one to year8 Botween to fN6 years 0￿ fivo yews 4,781 6,435 742 738 Due ithin (Th ypar B•lanc• at 31 August 2024 The bal￿ rnwesents the ac(%￿d IHtshty under t￿ ￿￿￿￿ts. Tho r￿¥￿nents duriNJ the y8ar 2024 2023 Balance at 1 Sopleffltw 2023 New contracts Amounts utilised In the payment ol lees 3,282 17,678 4,422 Blanc• at 31 Augu•t 2024 13b. B•nk lon# An 8nalrn of maturfty oflooro Is a8 folkwm: 2024 2023 AnKunts falllry du• *thln ¢)ng year- Bank loBns Amunls falllng du• on8 ywr- Totsl Arrnunts falling due Iwo ywrs. knk faming due betsbwi two and fwe s￿. Bwk The rnmainirvj port of the C￿gr￿1 £3m loan obtsined thrwJh the Comnavlrus Business Interruption Loan Scheme ICBILS). r¢FOKI duriro the year. Thts was sewred by way of unlimrted debenture. Page 38

ST MARVS SCHOOL ASCOT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 STATEMEKf OF FUNDS (CONSOUDATED) 2024 88tsnce * i Balanc• at 31 August 2024 2023 Inc(Mn• EXpondI￿re TrnMhr• £'ooo £'ooo Unre•trfct•d Gen•rnl Funds: Ordinary sth(￿l lurnl$ R•Jtrlcted Fund: Bursary irKome Capitsl Appeal Fu￿1 2& 158 20,746 120,239) 28,715 231 (231) Totsl fv Capltsl Appe81 FuThd represents funds generated sp8uficalty for Ihg Mary Brèèn ￿tyard. The Bursary income ￿PresentS th)nal￿￿ receNwJ the charitab￿ FuThJ lo be appl￿d tchvards bursaries. The transfer In lunds felaleg to ￿lm￿r3e￿￿t d catmlal prcd costs i￿￿Trod by Schcd. ahead ollho restricled donalK)ns beir¥J re￿Ved. 2023 8&18n￿ at I Septemtw 2022 8818nce 81 31 ALgust 2023 Income Exwkllum Transfers Funds." Ordinary Schwl fu￿15 Restrictgd Funds." Bursary inco Cwal Ap￿1 Fund 27.977 18.721 (18,558) 18 28, 158 182 (182) Total lurKIs Page 39

ST MARYS SCHOOL ASCOT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 15. RELATED PARTY TRANSACTIONS OurirvJ the year gover￿￿ dorHtions to the totalbd £50.(J)0 (2023." £nl). One TTl￿88 (2023.. h￿} had cssdy rnlated cMklrnn educated * th8 ￿. One dose relative d a Ir￿ter cl th8 SetKd's key manag8nwnt peN)nnel (as staled on ￿ge 3) was paKJ lolal salary of £16.310 durybg thè y￿r (2023.. £13,590). 16. PENSION COSTS The Sch(S partiCiF8tes in the Toadwr5' Pensicffi Sctrm8 {tha YPS'I for its teachirMJ stsff. The pensi￿ charge for the year Ir￿JudeS ca)ntribUtic￿S payable lo the TPS ￿ £1,376,111 (2023.. £1.254,666). The has entered a phas&l AitlMlrw4val fmm this scher￿ from 1 Sèptember 2024. Contribut1¢￿3 p8yJbkn by Ihg Sdwl on other perth schem￿ arr￿nIed lo £3￿.856 (2023.. £266,334). c￿lr￿jt1OTh5 totallkYJ £208,656 (2023.. £185.564) ¥bWe P￿blO to the schemas at the year end S￿1 are Induded vrithin other credit(xs. Th8 TPS Is an unfiJrKl8d mullFemplryJW defir￿ bonèffts pons¥)n Scheme govemgd by Tho Teachèrs. Pens¥)ns Regulatiorts 2010 18s orrnndgdl and Tead)ers' Pension Scheme Regulations 201418s am&ThJedl. Members Cc￿trilY)Ie ￿ a'pay as you go. basis with conldbutions from membeFS and the ernployer being crnjited to Ihe Ex¢h•4uer. R8tirgm8nl and other pension b8neflts are paKI ty fur•Js woythd by PwtharT Thg empknyer tsjnlribution rale is sel by the Secrelory of Siatg fdhy4¥irvJ scheme valuat￿n8 undertakon ty the Govemment Actuary's l)epRrtment. Thg nK)st recont aduarial v8lualMin of the TPS was prepared as 0131 Marth 2020 ar¥J the Valuali(m ReFLNt was W1￿1$hed in Odobèr 2023. the Mccknjd jL8rwrt. tho proposed that benefits bgcomg p8yabl•. ellgible memb8fS con select Io rnc8ive them from erther the reformed or legacy schemes lor tho period 1 Aprl 2015 10 31 March 2022. aLluari8s have assumed that ￿MberS are likety to C￿$8 the option that provides Ih6m with the greater beneffts, and in prgporing the 2020 v8lualion h85 valued tho 'greater Va￿e. bonèfits for of mentss. Thg employèr eonlributKJn rnle for the TPS is 28.6%. and eM￿0YerS are a150 rtquirJ lo pay scherr adrrUn1strat￿ W of O.OB% giwNJ a totsl em￿0yeT contribu11r￿ rate of 28.68%. Page 40

ST MARWS SCHOOL ASCOT NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDEO 31 AUGUST 2024 17. RECONCIUATION OF NEf CASH FLOW TO MOVEMENT IN NEf DEBT 2024 2023 Increasel (decrease) in cash in year Loan repaywÉnt A￿v￿ce fees schemè 15.903 750 (1,530) 1, 100 14 Charo8 Wi net debl 710 N6t debt 811 SepteM￿r NET FUNDS AT 31 AUGUST 18. ANALYSIS OF CHANGE IN NEf FUNDS Net tht as 1 Seplember 2023 Cash Chong8 Net d•bt a• at 31 Augu•t 2024 £'ooo Cash at bank and in hand Loans Ath￿ce fees scheme 15.903 750 20.753 Page 41

ST MARWS SCHOOL ASCOT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 19. FINANCIAL INSTRUMENTS Financid assets W al amriwd (￿t are fees recivable. other debt0￿, affDunts du8 from group Ca￿MpanIeS and (ssh at bank. FInan￿al IIat4rt￿ h8kJ al aw4ylised cost are bank k>ans. trnJ8 ceditors, other ueditors and aLrru•l$. 2024 2023 CONSOLIDATED Flnanclal assets ￿aSUred al amtytised cost Flnancial liabilities measured al arrn)rtised cost 21.1BB 5.202 The group's irKxJme. eXE￿O0. galns and losses in respect of finand•l Ir￿trum￿nts are summarised 2024 2023 Intèrest Incom8 and exp￿56.. Total interest incomè for financial assets held at WnDrti￿ c¥)st Tthal intoresl expense financaol liablities hekl at aMOrti￿ ￿st 75 2024 £'ooo 2032 £voo COMPANY Fin8noo1 asstrts m8a5ured at aff￿￿$8d cost Financial liabikti6s mvta5ured at amortiseAI CA)8t 21,120 5,139 The company's in(a)m, experyse. goi￿ lows kn respect of finandal In8lrumenls are 2024 £'ooo 2023 Int•r••t In￿me and expon•e: Totsl interest incnme for financaal assets held * amorti5od o)st Totsl interest expense for finanual lia)ilities hehy at 8￿rtiSed ¢wst 75 75 Page 42

ST MARY'S SCHOOL ASCOT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024

20. COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES

	Unrestricted Funds	Restricted Funds	Total 2023
INCOME FROM:	£'000	£'000	£'000
Charitable activities Fees receivable	16,959		16,959
Ancillary income	1,283		1,283
Other trading activities Lettings income Other trading income	325 60		325 60
Investments
Bank and other interest	75		75
Voluntary sources Donations	19	18	37
Donations from the Charitable Fund		182	182
Total income	18 721	200	18.921
EXPENDITURE ON:
Raising Funds Trading expenditure	146		146
Charitable activities School operating costs	18 412	182	18.594
Total Expenditure	18.558	182	18.740
NET (EXPENDITURE)/ INCOME	163	18	181
Transfer between funds	18	(18)
NET MOVEMENT IN FUNDS	181		181
Balances brought forward	27 977		27,977
Balances carried forward	2815.8		2� 15.8

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