2025-08-31-accounts

ST MARY'S SCHOOL ASCOT ANNUAL REPORT AND CONSOLIDATED ACCOUNTS YEAR ENDED 31 AUGUST 2025 Company No." 01844327 Charity No: 290286

ST MARY'S SCHOOL ASCOT CONTENTS OF THE FINANCIAL STATEMENTS CONTENTS Pago Review of thg Year by the Headmistress Coundl Memb8rs. Govemors, DlrectOTS. Officers and Advisers 2-3 Report ol Ihe Governor8 {Incorpor8llng the Slralèglc Report) 4-21 Indewnd•nt Auditor'8 Report 22-24 Consolidated Statement of Fingncial Advllles 25 Consolidated and CharSty Balanca Sheet 26 Consolidated Slalement of Cash Flows 27 Notes lo the Financial Statements 2843

ST MARY'S SCHOOL ASCOT REVIEW OF THE YEAR BY THE HEADMISTRESS FOR THE YEAR ENDED 31 AUGUST 2025 REVIEW OF THE YEAR BY THE HEADMISTRESS Wailing to hear a verdict on one's endeavours is n9ver easy whelhei you're a Year 7 pupil anticipating your maths leacher's fèèdback, or an Upper Sixth sludènl awaiting A Level results. I was reminded of that familiar sense ol anlicipallon earfier this year as we awailed the oulcorne of the Independent Schools Inspectorate IISII visit in February. Despite my deep confidence in our community and ils readlneys lo meet the challeng8 of such a rigorous, independent review, that small voice of uncertainly lingered as il does for every diligent pupil. I needn't have worKied, When the repori arrived. we warè absolutely d&lighled. The Inspectors offered glowing praise across every dimension of School life.. academic. co-curricular and pastoral. These passages from the report parbcul8rfy stood out to me.. 'T&ach6rs engage pupils in Ihought-provoking and inl&lleclually rlch leaching which furthers th8ir prog￿￿5 and develops Iheir skills and knowledge well . Leaders provide pupils with an environment whera kindness pr8vails, pupils enjoy léarning, and Ih8y achieve well. The School s aims and C8lholic élhos guid8 leaders in Eheir decision-making, which promotes pupils, w&llbeing. "Lessons ènd co-curricular aclivilies engag8 pupils deeply In me8ningful discussions aboul issues curr8ntly affe¢ling soGi8ly. Pupils use Ih&ir knowledgè 8rtd skills to cheGk Ibe validily of facts ané consideraltern8live vi6ws lo help them form Ehgir own opinions, Pupils lind meaningful ways to respond to issues ol in8qu8lily in Iheir local community and beyond. Thg d8V8lopmenl of pupils. sociel undersl8nding is a sigrtilic8nl slr&nglh of the SGlJool. Th81 lin31 remark, highlighting the dèv8lopm•nt ol puplls, soclal understandlng as a signific8nl slrenglh, was esp&cially rneaningful. 11 affirms so much ol what we stnve lor al St Mary's. My heartfelt Ih8nks go lo every member ol our School community - pupllg, parents. staff and Governors - whose shared dedlcalion made Ihls outcome possible. Sl Mary's continues lo delivgr a broad. balanced, ambluous and knowledge-rlch eurriculum. At IIGCSE. 690 of grades were aw8rded al Grade 9. 86°/D al Grades and 94(*A al Grades 9-7. Within these exceptlonal outcomes. 23°k ol pupils a¢hleved slraighi Grade 9s, 31 % s8curÈd len Grade 9s, nearly 40'h achieved nine Grade 9s, and over half allained a full sel of Grades M. Al A L&v&l. 30Qh ol gr8des werè al A, with 63°A al A'_A. lrnpresslvgly, 42Qh of the cohort achieved a complete set of A. or A gr8des, wlth 500/0 also Colobrallng an A. or A in the EPQ. Thè School is extr&m8ly proud of tha pupSls who worked so hard and so cheerfully. Out of an UVI year group of flfty two, fifty one pupllg received offers of placos to continue lo unlvergily wllh 88Vo achieving either their firm or insurance places with one girl opting lor a gap year. Offèrs were SecU￿d for a wide range ol subjecls from many of the world's leading universities, including Oxford and Cambridge. Of the pupils golng to UK univgrsilies, 80°/0 are taking up places al Russell Group Universities rislng to 89°k when Inclu(Jing Sl Andrews and Balh. All four medical applicants achieved plac8s lo study rnedi¢ine. From this year's leavers. seven pupils are heading to universities in the USA, 81 Yale, Columbia, NYU, Swarthmora. Parsons and Notre Dame. In addition, four pupSls wlll be heading to Europe lo yludy. at IE Madrid. Bocconl. Trinity College Dublin and Sciences Po. Our post applic8nls secured places al UCLA, Imperial College London and Ex8t8r University, WB do not tske Ihege successes for granted. As I notod in last year's review, the independent schools sector continues to facg Considerable challenges. Recent political d&ci5ions- the imposillon of VAT on school fee5. removing business rates relief and unexpected changes lo employer N8liDnal Insurance contributions- have created a financially demanding environment. I want to sincerely thank our parents fortheir unwavering loyally, positivity, and support during Ihese turbulent limes. Our partnership with parents enables us lo continue lo offer a world-class Catholi¢ b08rding edvcalion. In Ihe spirit of our loundress IAary War(J who bèlieved that ￿Ornen should and can provide something more than ordinary" we remain resolute in our mission lo nurture excellence, faSth and eharaet•r In 8very pupil. Mrs Danula Staunton Headmisiress Page 1

ST MARY'S SCHOOL ASCOT COUNCIL MEMBERS, GOVERNORS, DIRECTORS, OFFICERS AND ADVISERS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Council M•mbers The lollowng serv8d as Council Memb8rs in the year ended 31 August 2025 and up to th8 date ofthis report.. Mat Amiour Nicholas Davidson Barongss Sarah Hogg Clare Colacicchi Peter Davi8 Lord Hemphill (Chair The Hon Olga Polizzi Board of Governorn The govemors ol Sl Mary's School Ascol are the School's charity truste85 under ch8rily law and the directors ol the charitable cornpany. The members ol the Board of Governors who $8rved In officg a5 govemors during the year and subsequently are listed below. During the year the acliviliey ol Ihe Board of Govemors were supported by the work of eight committees. The membership ol each commillee is shown b81ow with Ihe Chair annotated ty an astsrisk. F&GP Dev Educ Bur Norn Sal SG P+H&S Christopher BeSrne De ut Chalr Melissa Belhell From1S lember 2025 ice Clemenli Annie Casey Samantha Coutinho Martin Hattrell Relirgd 4 Ju 2025 101 Peter McKenna Susannah Meadway Angus Neil Simon Nicholls From I S8 lember 2025 Sr France5 Orchard Alex Polizzi Sr Micha8la Robln80n Rellred 4 Jul 2025 Gillian van Maaren Clerneniine Vaughan Chair James Wèaver K•y- F&GP= Finance G8ner81 Purposes.. Dev= Dewbprnenl." Educ- Edurallon,. 8ur= Bur8ar$.' Nom Nominatlws.. S81 Salaries,. SG- Safeguarding". P*H&S- Property and Health & Safety. Page 2

ST MARY'S SCHOOLASCOT COUNCIL MEMBERS, GOVERNORS, DIRECTORS, OFFICERS AND ADVISERS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Offlcers (key managemgnt p•r8onno1 currently and throughout th• y•ar) Mrs DA Sl8unlon- Haadmistre Mr GK Brand - Bursar, Clerk to Council and Clerk lo the Govemors Prfnclpal •ddrn88 Sl Mary's School Ascot Sl Mary's Road Ascot Berkshire SL5 9JF Advl••r• Bank•rn Lloyds Bank PIC 10 High Slroel 8racknell RG12 18T Audltor Crowe U,K. LLP R+ Building 2 Blagrave Stre81 Reading 8erkshire RG1 1A2 8ollcltor8 Farrer & Co 66 Lincoln'8 Inn Flelds London WC2A 3LH In•uranc• Br¢)k•¥* Marsh 8rok8rs Llmile¢J Capital House 1-5 Perymounl Road Haywards Heath We81 Sussèx RH16 3SY Hardson Clark Rlckerbys Ellenborough Housa Wellinglon Sl Chellenh8m GLSO 1YD W•b8h• www.gtm8rysascol.com Pagg 3

ST MARYS SCHOOL ASCOT REPORT OF THE GOVERNORS FOR THE YEAR ENDED 31 AUGUST 2025 The members of the St Mary's School Ascot Board of Governors present their Annual Report for the year ended 31 August 2025 underthe Charities Act 2011 and the Statement of Recommended Praclice'AccounUng and Reporting by Charlbes" SORP 2015 IFRS 1021. induding the DiTeclors' and Strategic Reports, undor tha Companies Act 2006, togethor with the audited financial st8t8m•nts for the year. REFERENCE AND ADMINISTRATIVE INFORMATION The group conslsts of St Mary's School A5COt Ilhe'school. or'st Mary's'l, a registered charity (charity number 2902861 and St Mary's A5coI Trading Company Limited 1￿MpanY number 26337071, a whollywned subsidiary Company. The School Is consfjtuled 86 a comp8ny limlted by guarantee. incowaled In 1984 and registered in England (company number 018443271. STRUCTURE, GOVERNANCE AND MANAGEMENT Govevnlng docurn•nt The Charity is govemed by its Memorandum and Artlcles of Assoclollon1851 amendad on 19 May 2016. Councll M•mb•r• •nd Governorn Th8 Council Member8, who meet 8nnually, act aB the guardians of the ethos of the Scthool and, amongst other duties. 8ppolnl thè govemors of the School. Ttte Chalr of Coundl Is requlred lo glve wrlllen consent lo the 8ppolntrnenl ol a new Headmlslress. The GL)vernor5, who under Charity Law are the trustees of the charity, meel three tim8s a year and are responsibl8 lor the strategic le8dership, mAnag8menl and administraJon of the charity. The Memor8ndum and Artlcles ol As8odallon Sel out the legal poslllon of the Councll Members and governors whlch Is SUMMA￿sed a8 lollow8'. Coun¢ll Momb•r M8mb8rs of the chari Board Df Governor Directors of the charil Tnjstees of the charil Com an Law Charil Law The govemlng éocumen15 articulate the powers oflhe 8oard ofGovernots In delall 8nd only requlre the Board to Teler back to the Council Members should they wish lo clos8 Ihe School or borrow over £7,000,000. All Councll Member8 and governor8 give of thelr tlme freely with no remuner811on. No govemor or pernon cunnectèd ￿th a governor received any benefit from eit￿r means•lesled bursaries or scholarship5 awarded lo pupils. The Bursar is the Clerk lo the Councll Members and the Board of Goverriors. He is responsible for coordinaung tha work of the govemors and thoir committees. preparation of p8pers and managernenl accoun15 reviewing the mallers ari8ing. R•uultmeTrl and tralnlng of goY•rnor* The Articlos of A5SOCi8llon provide ¥Jetsil on the procedure for the appointment of Council Members and govemors. The Board ol Governors I￿11 consist of no less than three and no more then fifteen governors and the majority of governors must be practssing Roman Calholics. The governors may Co-opt an individual lo join the 808rd bul they will only hold officè unb'l the next Council Annual General Meeb'ng when the apwinlment of the co- opted governor musl be ralllied. A governor is appointed for up to nine years ond B govemor who has held office for nin8 years may hold office for a further three years In special circumstances. Pag8 4

ST MARY'S SCHOOL ASCOT REPORT OF THE GOVERNORS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Thè Board of Govemors requires breadth and deplh ol experi8nc8 lo carry out ils dut18s 8ff8dvety and efficiently. The Board will always seek to appolnl governors who have a passion for education, an empathy wilh th8 full boarding nature of the School and an understanding of the ethos of the School. It is critical that all govemors empathise with the objects ol the char61y, the vision, faalures and ethos of tha School. Appointment of new governors is overs88n by the Norninations Committee. The committee wll se8k new governors by considering Individuals who eith8r meke themselves known lo the Board or who the Board actively seek to recruit to fill a particular skill gap. The committee wll always seek diversity when recornmending potential governors lo the Board in line with guidance in the Charity Governance Code (March 20211. They will also consider the requirements of the Memorandum and Articles of Associab'on as well as a mix of the following axpgrience and sklll8'. educallon, 88feguardlng, leg01, financelaccounling. IT and 18ciliueslcon5truclion. On 8ppoinlrn8nl of a new gDV8mor, th8 Headmistress and Clork lo the Governors are responsible IOT inducting the newly-appoinled governor 8nd Ihls is carrled out through 8 tailored programme ol visits lo the School as well as wrilien and verbal briefings. The Board ol Governors is provided with forrnal training periods throughout the year Inomally associated with meetings ol the Board) which includes 5afeguardlng Iraining. In addllion, govemors are encouraged lo attend extemal Iru51ee training and information courses designed to keep them informed and updated on current issues in the 8ector and regulalory requiremen15. This includgs 8ven15 sponsored by ISC, AGBIS, HMC, GSA. CISC and the ISBA. OrganlBatlonal man•g•ment The 808rd ol Govemors (who are the charfty Irusteesl 18 legally re&pon¥lble lor the overall management and control ol the School. 11 meets three times a year. The work ol Implemenilng Its pollcles18 carried out by eight commlllees.. FSnance and General Pur Se8 Cornmiltee "F&GP' . F&GP scrutinlses revenue, the budg&l and capital expenditure prior lo consideration by the Board. This committee meets 8nnually wllh the auditors and finalises the audited financial statements and annual report for approval by the Board. Th8 committee also considars any ganeral issues raised by the Headrnislress, Bursar and Finan¢8 Bursar, all of whom allend the meelSngs. uc81ion Commill The Education Committee. which ffleets ￿Vice a year, works with the Heaém151ress and her senlor academic staff on Bll strategic education Issuos and revl&ws publ1¢ examination results on an annual b8818. illee. The role of the Bur50ry Committee is to delerrnlne who should receive means- tested bursaries and tha value of the bursaries lo be award8d, Members meet annually And oulryOI- committee as wquired. nation mmitlee. The Nominations Commillee is responsible lo the Board for ov8rs8eing the recruilmenl and appointment of nèw govemors and meets biannually. Commillee. The Development Committee oversees the fundraising CO￿1￿￿ uvt by the Sthool and meets on an as requlred basi8. Salaries Committee. Thg Salaries Commillee meeis annu8lly lo consider staff remuneration. Al this meellng the committee will also meet with the Staff Union Represonlalives in a Joint Negolialing Commitlee IJNC) forurn. uardin Commlttee. The Safeguarding Committee meets with the Headmistress and Designated Safeguarding Lgad IOSLI lerynly Ihroughout the year to review safeguarding policy and practsce wilhln the School. ert and Hoallh & Safe Commilt The Property and Health & Safely Commillge meels biannually lo provide support to th8 Sthool with Property and Health and Safely issues. Page 5

ST MARY'S SCHOOL ASCOT REPORT OF THE GOVERNORS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Th? Board ol Governors delègates the day to day running ol Ihe School lo the He8drnistress. The Headmistress chairs the Senior Management and Education Team which ￿nsists of the following stsff.. Headmistr8SS Senior Deputy Head Pa5Loral D8puty Head Academic DepLJty Head Co-curricular Deputy Head Dbrector of Sixth Forni Dire¢tor of Communication5 Direclor of Human Resource5 Bursar (also acts as Clerk to Council and to the Governors) Within th• School each departm•nt (both academic and support) h88 8n appointed Head ol Department. This not t)nly provides an efficient structure for the operational m8nagemenl of tho School and communication within the School, It a150 provides an effectlve structure through which budgets are formally delegated. Thè rarnunerallon of key manag8menl personnel (Headmlslress and Bursar) is $81 by the 8oaré, wllh the policy objedive of providlng 8ppropriate incentives to 8ncourage enh8nced performance and of rewardlng them fairly and respon51bly for Iheir individual contrlbulions (o the School's succ855. The appropriateness and r8levance of the r8muner8lion Policy Is revlewed ragularly, including reference to publlcly available data with other independent schools, lo en5ur8 that the School r8mains sensillve to the broader i8sue$ of pay and employment conéits'ons elsevthere. Safeguardlng The Board of Governors places a V•Ty high priority on IheSr duly lo safeguord the pupils. Governors ènsure Sl M8ry'5 is fulty compliant with $8fegu8rding leglyl8llon an¢J guldance In Ilne with the requirements of 'Working logelher lo safeguard chlldren ID8cember 20231. and 'Keeplng children safe in education Iseplembgr 20251,. Thè Board ha5 appointed one governor wilh experience ol safeguarding to have a leadership responsibility lor the School'8 safeguardin9 arrangements. In addilion, lo support thi5 governor, the Board hgs created 8 saleguarding 5u&commiltee which meets up lo twice a term with the Hcadmlstress, Pastoral Deputy Head and the School's Designated Safeguarding Leaij IDSLI and reports back to the 8oard al èach Board meeting. The Board formally review5 the Saleguardlng Policy on an annual ba515 a5 well as 8nsuring that staff training and saler recruitmgnt is taking place. The Boord is salislied that wllhln the School there Is a strong 5aleguarding culture and that the School is compliant wth both 'Worklng logelh8r to safeguard children. and 'Keeping chlldren sale In èducabon.. Group stru¢tur• and r•latlon$hlpi Sl Mary'8 School Ascol13 connected wlth St Mary's School Ascol Charllable Fund Ithe "Charllable Fund"). a regislered charity number: 800450. The objectives ol the Charitable Fund are to promote the charitable work carried on, promDled or supportad by the Congregation of Jesus and lo help develop Sl Mary's School Ascot. The Charitable Fund provldes funding for bursaries and scholarships lor present and luluro puplls of the Sthool. Sl Mary's A5coI Trading CompBny Limilgd Is wholly owned by the School. The Imdlng a¢livilies of this company chiefly comprise a retail oullel known as SMASH ISI Mary's Ascot Shopl, the leltin9 01 the swimming pool and revenue from the lolling of the School prernisès to community and commercial groups during the School's Easter and Summer holidays. The Tradlng Company results are incorporal8d in Ihe financial statements lo comply with the requirements of the Statement ol Recommend8d Practice "Accounting and R8porting by Charilles. SORP 2015 IFRS 1021. The Board of Govemors has noted the Charity Cornmis5ion's document 'Guid8nce for charilies with a connection lo a non-chari1￿ and can confirm Ihatlhe relationship between the School and the trading company is compllant. Page 6

ST MARYS SCHOOL ASCOT REPORT OF THE GOVERNORS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Based on this assessmènt of the subsbdiary's future trading po8Otlon, the 8oard continues to assess the investment In the trading company as appropriate from 8 risk perspectlve and that the investment 'makes S8nse'. Further. the Board assert5 that the investmenl is pemilled by the School's governing documanls, that it is an effective use of charitable fijnds, Ih8t there is no personal benefit or confllcl ol interests and that the School is 8pplying proper m8nagement charges for use of charitable resources. Employmont pDIIcy St Mary's School Ascot is an equal opportunities employer and this is ath'culate¢J in the School's empbymenl policies. Full and falr consideration is given lo job applications from disabled persons and dua consNleratic is given to their training and employment negds. Communlcation and consult8ts.on with employees is a priorlty at Sl Mary's School Ascot. In S8ptemb8r 2023 the School enler8d Into a Voluntary Recogniti(￿ Agreement IVRAI with the NEU anii NAsuwf. This agreement provides for collecllve bargolnlng In respect of teachlng $laff (less meM￿r9 of the 8enl¢y managernenl t8am) over pay, hours, holKlays and pensions. On an annual b8sl¥. the Clerk lo the Governors formally meets with 8 8elecllon Olsupport $t8ff repr98enlallve$ who ale eno)uraged lo ralsa any concems regardlng r8muneration they mlghl have. Prior lo each 8C8demlc teim all academic staff, residential staff and key adminlslratlve staff attend INSET during which brlefingg and staff tralning takes place, During the Christmas holid8ys the Bursar organises o Bimilar training 8n(i briefing event IOT ihe support st8ff whlch includes safeguarding Iralnlng, health and safety Ir8ining a8 well as more 8lr8taglc briefings on the School'y performance. The Governors can rèport on the Gender Pay G8p in accordance with The Equality Act {G8nd8r Pay Gap Infomalionl Regulation8 2017. A8 81 S Aprll 202515 Aprll 20241, the School's workforce congis18 of 72.7% 12024.. 71.4Vo} women and 27.3% {2024.' 28.6%) men. Al St hrt8ry's the Mean gender pBy g8p Is 8.4%12024.' 6.50/•l and the median pBy gap is 4.3%12024.. 12.7%}. The percentago ol males and females in the different eamlno8 qU8rtlles are as follows.. Quartll• er Quartilg r Middle Quartlle Lower Middle Quartile Lower Quartile Mal• 36.5Q 32.60 20.5% 30.6% 28.8Vo 20.8% 23.3% 30.6% F•mal• 63.5° 67.4% 79.5Vo 69.4Vo 71.2% 79.2% 76.7% 69.40A These figuros indlcale that the split between men and women in all four quartll8s ar8 broadly In pioportion lo the overall gender split In st8ff. There are yllght but not malerlal change5 in the split b¢lween quartiles Since 2022 and Ihis represents a movement of a very few m8mbers of staff between categori8s. The report Is pub1I8hed on the School's w8b8118. Ch•rSty Governanc• Cod• Govemors noted the publlc8llon of the Charity Govem8nc8 Code In 2U17 by the Charlty Commi8slon and its gubgequenl updates. Govomors have ￿vieWed the seven ar8as cov8red by the code lorganisalional purpose,, leadershlp., decision making, risk and control.. board effecliv¢n¥ss, equality, ¢Jiversily and inclusion.. 8nd openness and accounlabllltyl and are sallsfied that the chority meets the principles and outcomes articul8tod in the code. Employe• •ngagernent In line the r8quirements of the Companies {Miscellaneous Reporting) Regulations 2018, the Board of Govemors 15 pleased to report that il continues lo engage with employees throughout tho year. Ex8mple5 of direct engagement Include meeting wlh Staff Union Representatives as part of the annual remuneration review, engagement between gov8inor5 who are parents of pupi15 within the School ¥￿th staff from acr065 the School anLI the observation oflessons by govemors. Page 7

ST MARY'S SCHOOL ASCOT REPORT OF THE GOVERNORS (CONTINUED) FOR THE YEAR ENDEO 31 AUGUST 2025 On behalf of tha Board, the Headmistress and her Senior Monagement and Educatlon Tearn have B strong Cultu￿ of consultation wllh staff before inlroduryng signfflcanl change and these Issues are reported back lo Govemors at Board meetings. The Headmistress and Bursar brief staff on an annual basis on th8 overall p8rformanco of the School. This is not only financial reporting bul also how the School has perfomied in public examinations and university offers. The briefings include forward-lookn.ng assessments of the School's future plans so that staff are appr8ised of strategic goals. The culture of openness and tr8nsparency wrth the staff h88 bred a pos(tive spirit of mutual trust and genuine concern by all employe8s in tha long tarm success ol the School a$ a charitable Inslllulion. From September 2023 Ihls culture was further enhanced by the voluntary rgcognilion agreement that has been agreed the NEU and NAsU￿. Buslne4• r•latlon8hlps Th& Sthfx)I conllnuos io engage with a18rg8 nUM￿r of stakeholders. the m05t important of v*hich ar8 tha pupils and their parents. The work of our 18achlng staff, pasloral staff and support staff. a8 directed by the Board of Govemors, the Headmlslre5S and her Senlor M8nagement and Educallon Team, focuses on providing the pupils and parents wlth 8 high quallty academic educallon Lsnderpinn8d by B sirong Roman Calhollc 8thos set within a slrong boarding culture with first class pastoral care. The success ol this Is oulllned in thg Slrateglc Report below. The govemors contlnue lo place 8 slgnlficanl 8mpha818 on th8 need for strong and posllive ralallonships with self employed staff such 85 peTlpalellc vislling music leachors and sport5 coachès. Although the relationship with so118mploy8d slaff is neces8arlfy different to that of 8mployed staff, the School Is proud that many of these individuals have remained Ioy811o tho School for so many year5, reflectlng the strong and homonlou8 relatlonship Ih8t the Sthool foster8. The govemors also value positive rolalion6hips wth suppli8rs whose work in support ol the School 18 Invaluable. Governors require the 8ur$ar to $eek value lor money when engaglng 8ny Suppligr bul this Is tempered with forging strong relationships thot 8fe ullirnalely beneflciHI lo both pA￿eS. The Bursar alBO takes inlo account envlronmBntal credonlials, when appropriate, when choosing a n9w suppliar. The School Is also proud lo place a priority on local businesses such a5 in the supply ol m8at and other provisions lo tha School kitchens and second Ilne electrician ¥upport durlno school holldays. OBJECTS. FEATURES, VISION, ETHOS AND STRATEGIES Charltabh ObJ•¢t• The formal obhects of the charfty are.. to promote and prowdo for such charitable works wheres09ver and whalsoever as gdv8nca the Roman Colholic ￿l￿10n,. and to advanco education by the prowsw 8nd conduct of an ind8pend&nl Roman CBtholic school or schools for children of any cr88d (with preference to the children of th& Roman Catholic lailh) and. in particular, but without prgjudi¢e lo Ihe generality of the foregoing, far the education of girfs. and by gncillary and w￿rdenIal 8du¢81ional activities 8nd other assoctt8ted 8Ctlvltles for tho bonofjt of the community. The Board of Govemors inlgrprets and engages wth these charitabla objects by running a first cl8SS independent gids. Romgn Catholic boarding school. Featur•• The Board defines the School through five features.. Catholic Girfs Boardin Small size Academic Pag8 8

ST MARY'S SCHOOL ASCOT REPORT OF THE GOVERNORS (CONTINUED FOR THE YEAR ENDED 31 AUGUST 2025 Vl8lon 'To a modgrn and hollstlc Calhollc ed￿￿tiOn of outstandlng qualty for young women to Inspire nd8m ower th&m to la their full art in the lobal Communit To ￿SUre rhe Board can reali¥e this V￿10￿, Govemors view the school through four lenses: A￿deMIC VSslon We want to deliver 8 foNtsrd thinklng educallon which prepares gir18 for lile in th8 21at century. cr8ab.ve problem solving, curiosity. discove innovats'on and r8siliènce are the ke 5 10 success. Happy girts are those who thrive and succeed. Supporting pupils. mental wellbelng is becoming even more import8nl. Our current slruciure la¢ilil8les strong relab'onships within y88r gruups bul there is sco e lo enhance Ihls. Boarding is an education81 m¢xl61 where leamlng doosnl lusl happen behind a desk. The breadth and opportunities avallable through boarding are distinct from th8 day school experienca. Skills and lessons learned through co-currlcular acllvilies are erninent translerrable and Smprove academlc progress. Co-curriculor 9ctl￿tI8s hel lo dèvelo the character Irails necessa for success. W8 want lo safeguard the lulure ol the sthool and improve our bursary fund. Giving the gift of 8 Sl Mary's educalion to Ihos8 who might not otherwlse be 8ble 10 8fford il Is an Important way to glve back 8nd chan un erson's lifg. Pastoral Vision Boarding and Co- curricular Vlsion Ajumnae Vislon 5t Mary'• In 2030 Sl Mary'8 wlll be achlevlng excellence In ac&demlc dellvery, outcome¥ and university d98tinatlon8 through tho dellvery ol 8 curriculum which ensur85 pupllg 8r8 re8dy lor unlv&r81ty and the changlng worfd. Sl Mary's wlll be providing a world-class boarding experi8nc8 wllh outstanding pastoral carg. Sl Mary's will have 818ff who are motivated and traln8d to tleliver the best. Sl Mary's will have facilities whlch support the dallvery of excellence in all aspecly of lif8 ot school. Sl Mary's will b8 flnancially SUBlainable wSlh a full pupll roll. Sl Mary's will have strong governance and leadership lo support delivery of the 8tr8tegy. Publlc b•n•llt Sl Mary's School Ascot remaln8 commllled to the aim of providing publlc benefit 8nd, In accordance with Seclk*n 17 01 the Charitigs Act 2011, the Board of Governors conflrms that they have paid due Tegard to Ihe Charity Commlssion's statutory guldance on public benefit in deciding whi¢h activilles the charity should undertake. The awardlng ol bursaries for those unable lo afford the feas at Sl Mory'518 a m985urable me8n8 ol provlding public benefit and the 8oard of Governors places great importance and priorily on th8 School's m&8n8-lesled bursBry scheme. The School has a long history of providing financial support lo children who would othe￿iS8 not be able lo afford a St Mary's education. The School's bursary scheme Ss designed to 3351st parents or prospaclive parents who, for financial reasons, are unable lo send or conts'nue to send Iheir daughter lo the School. The Scheme includes (wo types of means-les18d bursaries - access and hardship. To ensure 811 bursary awards are well-focused and only the most dgserving benefit, the Bursary Commiltge wll taka nurnb8r of factors Into conyideralion, in addit￿￿ to currenl eamings, when assessing rneans. Thgse fathr8 indude property holdings, investments. savings, family holidays, cars and family rArcurnstances such as dependent relatives and the number of siblings. Each case is assessed on ils own merits by the Bursary Committee and awards are made accordingly. subject to the Sth(J(4'5 ability lo fund these within the contexl of its overall budget. Inform8licm about fee assistanc8 through mean5-lested buT5aries is provided to all applying lo the School and is published on the School's website. Page 9

ST MARY'S SCHOOL ASCOT REPORT OF THE GOVERNORS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 This year Lh8 value ol rneans-tesled bursary awards totalled £991,635 12024.. £868.4881. Thls provlded sslstanee to 33 pupils of whom 16 benefited from at least 70% remission of fees and 12 from 900A or more remi55ion ol feès. The m8ans-lesled bursarles were funded by the School and the Sl Mary's School Ch8rilable Fund (charity number.. 8004501, which was astablished for the purpose of providing funds for the St Mary's School Ascot scholarship 8nd bursary programme. The School has made ¢harftable donations to th8 capital fund of the Charitable Fund in exeess of £1.9m since 1994. In the year ended 31 hJgLJsI 2025 the Charilable Fund donated £220k12024.' £231 kl lo contribute to the funding of bursarles and scholarships. The Board ol Governors beligves that the work and activities for the public benefit that lake place Ihroughoul the year with ¢hildr6n Irom local schools and with th8 local community 8re fundBmental to the Catholic ethos and splril ol the school and in line with the charitable objects, These aclivllies are a focus for staff and puplls who not only welcome them as part of day lo day Ilfe bul they are widely perceived as being a Core activily for the School. The Significant investment in time, energy and rèsources into our work with local 51ale schools reflects th8 Govèrnors. ￿ller that these aclivibes are the most effe¢tiv8 way of broadening and widening access lo Sl Mary's resources to the publlc, Including thos8 In poverty. In 2024-25 the School has continued lo d•v•lop our close relationship wilh the two local 8tal8 schools wit whom wo have formal Memoranda of Understanding Charters School and Sl Francis C8tholic Primary School. St Mary's engagement with Ihese schools 1$ a matter of normal day lo day sthool life 8nd involve8 both the sharing of resources 8nd the dua1 us8 of teaching staff.. CharteT8 pupII8 8ttend a len-week cours9 in Mandarln aB an enrlchment 8ctivlty. Charters puplls attend 8 ten-week aftor-school Russlan club run solaly lor them. St Froncls pupils use our swlmming pool every wgak Ihroughoul the year, together wlth three members of $taff who sup8rvl$e and leach swimming. St Francls pup115 Use our woodlands for their forest school and a150 hav8 weekly u8# of our loolball pitches. Support lo Oxbridge an(i medical applScants, indudin9 interview practice and wrillen feedback. lor 42 students frorn Chartars School as well as Mulberry Girf5 School In Tower Hamlets. Our Dlreclor of Sixth Form produced a vldeo ol Oxbrldg8 advice frir these puplls. 21 students from Charter8 Schod and Kings Academy 8infield attgndgd a UCAT trBinlng day, lully funded by St Mary's. Sl Francis pupils coma lo our sci8nc8 laboratorie5 for 3 ¢Jemonslration and workshop run by our selence Blaff, and havg the opportunity lo cary out an expedmenl in pairs, in a fully aqulpped laboratory. The Maths departm8nl hosts pupils from Holy Trinity and Sl Francis schools for th• Primary Math8 Maslercla58 run by St Mary's leachlng stsff. Our theatre ho8led the St Francls Year 6 scttool producllon, whlch we 81so recorded forlhem. We provlded Costumes, props and technical sUPPOrt for IheSr show, including full tèchnical lighting and sound. We also provided a lick8ting system and trained their staff and p8r8nl team for front of house duties. Sl Mary's Estsles department continues lo provide a broad r8nge ol practical help lo Sl Francis, helping them wlth groijnds work. maintenance and Ihe 5erviGing of equipment. and the use of our gazebos, Our Calerlng departmtrnl made available our barbecue, gas and thafing dishes for Lheir school fete In July. A member of the Senior management learn serves on Charters Members ITru81eesl commlllee. Sl Mary's Ss an active 8UPPOrt8r of Ihe Thames Valley Learning Partnership Iwww.tvlp,org.ukl, an equal partnership of slate and independent secondary schools in Berkshire. Events hosted by St Mary's in 2024-25 induded.. Our annual Intern8tlonBI Women's Day conference hoslad by Sl Mary's lor all parinership schools Lectures by visiting speakers which are made available online. A Student Leadership day of tslks and workshops for Sixth Fom puplls The inaugural TVLP dance festival for local schools, creatèd and hosted by St Mary's Students from the TVLP group ofschools were invited to a careeT5 talk on Entrepreneurship byJo M81one. CBE Page 10

ST MARY'S SCHOOL ASCOT REPORT OF THE GOVERNORS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 St Mary's also provldès 8 range of support for pupils from other schools.. St Ma￿S pald lor 11 pupils from Ioc81 state schools lo take port in a UCAT prepar8llon day delivered by an gxlernal Provider. Sl Mary's ac15 as a voluniary local centre for Modem Foreign Language oral examlnab"on8. which involves hosting state schools, providing chaperonès and administering Ihe examinations. Oxbridg8 interview Practice and f88dback for pupils from All Hallows Catholic School in Farnham. The C13551cs department supports pupils and the Classics department at Sl Bernard's Catholic Grammar School In Slough, including a weekly Greek club, and a weekly online class for a pupil preparing for Classical Greek GCSE. These sessions inclu¢Je all materials and resources. They 8lso gave Interview practica to a Sl Bernard's pupil who w8nl on to secure a place at Oxford University. St Mary's slatt act as County Sècretary for the B8rk5hire County ESAA and organise Ihe district alhletlCS competition for local stale and independent schools, which is the qualifying cornpetilion lor the county toumamenl, Kings Ac8demy medlcal students come lo weekly sessions at St Mary'8 to support their medicine applications. St Mary's teachers conducted practice Oxb￿dge intervlews lor $late school pu￿.1$ 81 an afternoon arranged al Godolphin and Lalymer School. Provision of facllille5 to pupils from local schools lo lake Ihelr ABRSM music exams. Sl Mary'3 has 8 very high number of puplls who path'cipate in the Duke of Edlnburgh's Award - almost the whole of Y8ar 9 complete Bronz8. about Iwo-thirds of Year 10 complet8 Silver, Bnd a third of the Sixth Fom complete Gold. The Award's Head Office esllmales that our puplls have conlrlbuled 2.522 hours ol voluntèering in the yaor gnding March 2025, with a social value of nearly £15,000. Olher 8x8mples of aclivlues carrfed out Ihls year for the public benefit include.. St Marys donated 'bock lo school, boxes lo the Goedgedacht Trust uslng money rals8d 81 gchool events. Sl Mary's made facllitie5 avaSlable for Macmlllan Cancer Support to wn a p81ienl focus group. The Sports department loaned fllness 8quiprnenl lo A$￿t Heaih Prlrnary School for a glep climblng fundraiser that they were hosting. 27 pvpils travelled lo South Ind18 lo carry out a developmanl project wth a rural community in Haripad. K8ralB region. The Sl Mary's comrnunity r8ised or donated £20.000 lor charitable causès in the year 2024-25 through V8rSely of fundr81slng 8Ctivlties Including 8 charlty lunf8ir. a sponsored sleepoul, a charity lenniy tournament, a swimalhon. concerts, bake s81es and a sludenl-produced magazln8. Pupi16 bake food each week lor homeless and vulnerable people in R08dlng. Pupils volunt88r al Ascot Day Centre and A8coI Grange care home Puplls donate ChrislmBS boxes to tho Calhollc Chlldren's Soclety Members of slaff are qualifled school Inspectors and are pemiitted Ilme off from Ihelr St Mary's role to carry out inspoclion5 01 oiher schools. The School hosts coffee mornings and support sessions lor HeadWrapp8rs, a charity Icharlly nurnber.. 11779811 dedic81ed lo providing support lo cancer sufferers who experienc& h8lr Ioss 8s a result of Iheir Irealmenl. The School is developing 8 relationship with Berkshire Vision and Guide Dog5 allowing them lo use the Orch8rd Centre and the Food Technology room free of charge for a¢livity days for vlslon-impaired children and young adults, A momber of senior managem8nt serves on the Parish Council in Ascot and Windsor Catholic parish. One of our History of Art teachers works ￿th the charity Art History Link Up ihat offers a free A Level in the subject to young people who cannot acces¥ il otherwise. Governors nola th8t it is unfortunate that Council planning condlliefis restrict the use by others of the Orchard Centre (sports cgntrel and the athletics and hockey facilities. Page11

ST MARY'S SCHOOL ASCOT REPORT OF THE GOVERNORS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 STRATEGIC REPORT ACHIEVEMENTS AND PERFORMANCE The Board of Govemors is pleased lo report that academic year 2024-25 has been another hlghly succe88ful year for the School when measured against the charity's objects, the Board's interpretation of the objects Ilo run 8 first class independent girls. Roman Catholic boarding school) and the stral8gie5 S81 oul by th8 Board forlhe School in 2024-25. Thls section of the Report highlights key elements ol the aclivilie5 and achievements of the School whith have contributed to the success. Duty under Sectlon 17211) of tho Comp•nle$ Act 2006 The Board Is able to report that it has complied with 118 duty lo have regard lo the matters in Section 17211 laFIII of the Cornpanies Act 2006. This duly sets out that tho govomors, as dir8Ctors of the charitable company. mu818ct in the way ihey consider, In good lallh, would be mosl likely lo promote the successful achievement of the objects of the charity in the current period and in th8 long term. In discharging their dutiès, th8 governors carefully consider amongst other mattèrs, the impact on and interests of other stakeholders in the School and factor these into their decislon-making proc989. In particular.. Parents and pupll• Tho govornors commlt considerable tim?, effort and resources inlcj understanding and responding lo the needs of our pupils and parents. All Governor decision5 are 18ken with tha impact on the pupils and their p8rents firmly in mind and Beeking to achieve the highest standards. When necessary, the governor8 work quickly to resolve any18olaled dlgagreemenis Ih81 m8y arige frorn tlme to time. Employ008 The Board of Governorsls kept fully Inform•d of any employee concems through regular fomi81 and infomial b￿efingS from the Headmistress 8nd Bursar. The governors are commllled lo promoting o positiva and healthy environment for Ihe loaching. residential, administrative and 5UPPOrt stall for boih physical and mental w8llbeing. Th8 govamors promo18 inclusion in the workplac8 and provide resources for training and development opportunities for all staff. The governors encourage r8cruitmenl and developmenl strategies whlch seek to allracl 8nd rètain lalenled staff and this is complemented by an expanded ernployee assistance programme, which now Includes "Doctor Hand" The Director of Human Resoufces acts as a focus for employee issues. The School has In place a Voluntary Recognition A9reernenl with the NEU and NAsU￿. Suppll•rn The governors promote the need lo develop long-lerm and mulually-benefici81 relationships with 8uppli8rs, r89ularly te51ed against prevailing market conditions and, in porticular, are supportive of the development ol rglalions with local suppliers 8nd those with gtrong environmental credentials. Communty and the •nvlwonment The govemors are conscious of the SchoDI's importanl role within the community. The School 18kes ils role within the community vtsry seriously and promote$ and encourages cornmunity and tharitable contn'bulion as part of the overall public benefit pmvidad by the charity. Although few of the pupils are drawn from Ihe immediate local ¢ommunlly. the S¢hool is on important kjcal empleyer and has an Influential position in the local communlty. The School also recognises the importance of Its environm8ntal responsibilities and has measur8s in place lo monitor and control ils impact on Ihe1gG#I environment and its Compliance with any regulalory environrnental standards. The SCI￿01 s6eks lo implement policies aimed at reduclng 8ny potential detrimental environmental Impact of its activities. Standards and conduct The School se15 115elf the highest ol standards in the way il manages ils relationship with parents. staff and suppliers. This approach. founded on the School's Roman Catholic ethos, Is characterised by faimess and transparency. These stsndards are clearly comrnunicaled lo every 8tsff mèmb8r on induction and lo which adherence is expected and enforced. Page 12

ST MARY'S SCHOOL ASCOT REPORT OF THE GOVERNORS (CONTINUED FOR THE YEAR ENDED 31 AUGUST 2025 Pupll nuMI￿r and •¢ademic achievem•nt St Mary'5 provides an envirunmenl not availabk in the maint81ned Sector.. academic, residential. girls ￿lY and Catholic. The cora activity has been the education of 385 children.. 368 boarders and 17 day boarders. St Marys continues to deliver a broad. balanced. ambitious and knowledge rich curriculum. This summèr. pupils at both A Level and IIGCSE achieved impressive public eKamin8lion rosults. Al IIGCSE, 69Yo of grades were awarded al Grade 9, 86°h al Gra¢Jes 9- 8 and 94'h at Grades 9- 7. Wilhln these 8xceptional outcornes, 23.￿ of pupils achieved straight Grade 9$, 31 % secured ten Grade 9s, 390/0 achleved nine Grade 9s. and over hBlf allained a full Sel of Grades 9- 8. Al A L&vel, 30% of grades were at A. with 63% Èt A'.A. Impressively, 42V• of the cohort achieved a complele 861 ol A. or A grades, With 50% also celebrats'ng an A, or A in the Extended Project Qualification. The school is extremely proud ol the pupib who had worked so hard and $0 cheerfully. Out ol an UVI year group of fifty fity one pupi15 recelved offers of plgce8 to contlnue to unlverslly with 88Vo acthi8vlng either IheSr firm or insur8nce places. Thirty seven pupils are startsng this year with eight dafgrring Ih&ir places lo 2026. Seven pupils hav8 decided lo make a post A Level appllcauon In thè oming year. Offers were secured for a wide range of subjects Irom many of the worfd's leading univergltl88, including Oxlord and Cambridge. Of the pupils going to UK universilie5, 80% are taking up places at Rus6ell Group Universiti&s rislng lo 89% whèn including St Andrew8 antj 8alh, AJI four medical applicant$ achievad pl8cas lo study medlcine. Our post applicants secured placeB al UCLA, ImperSal College London and The University of Exeler. From th15 year's leovers, seven pup118 are headlng to unlversllley In the USA, al Yale, Columbia, NYU, Swarthmore, Parsons and Notre Dame. In addition, four puplls will be he8dlng lo Europe to Study al IE Madrid, Bocconi, Trinlly College Oublin and ScS8nce8 Po. Courrl¢ul•r ActlvllS•• Pupils oncg agaln eng8ged enlhusi8slrcalty wllh 8 wlde range of co<urricular actlvllles throuohoul Ihe year. The breadth of opportunllies offered across Sport. DrBm8 and Muslc continues to ensure that all pupils can pursue their passlons vthilsl B180 lryln9 new experi8ncgs, Engagement levels have remained strong, an¢J Ihe culluro of valuing parts'clpation alongside performance continues lo shapo lh8 life of the school. Sport 2024-25 has been anolhar hlghly 8uccesslul year for sport at St Mary's, m8rked by both team and individual achievernen15 across a broad range of disciplines. Hockey and netball remain flagship sports, with the senior hockey team once again crowned County Champion5 and Progressing to the regional stage. The U16 hockey team algo clabmed the County Plate, while the U14s finished a creditable third. Netball enjoyed 115 most successlul year yel.. the U16 team won the c￿nty Championships for the first lime in the school's history, while the U145 were runners-up. and both 8ge groups qualified for the regional finals. In Ihe Lent term, the U16s went on to finish runner5-up at regionals and $gGured a place al the National Finals in Shoffield- another first for the school. Page 13

ST MARY'S SCHOOL ASCOT REPORT OF THE GOVERNORS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Football continuès to grow in strength and popularily. fuelled by increased fixtures and curfculum provision. The U15 te8m topped their Be￿$h￿re League divi8ion through the wnter months and reached the semi-finals n the summer, while the U128 impre88ed by wnning the plate Gompelition at the Nallonal Six-a-Sid& Finals in W8rwick. Several pupils wore put fO￿ard for counly trials. and a planned foolball tr￿r to Barcelona will further enhance the programme. Athletics continues to go from strength to strength, with the senior cr05S-county squad winning the Berkshiré round of the English Schools Cup and finishing as the lop team In the county. Fourteen alhleles qualified for county finals al the District Championships, vthile slandoul performer Kanma Dozie 1$ ranked 10th nationally in the shot pul. cri￿et is also enjoying a Surge in popularity, with the U12 and U13 teams excelling In local competition8 and the U15s lesting themselves In nats.onal fixtures. Tennis rernairvJ a kèy slrenglh.. the U15 learn reached the LTA regional finals. and the 6enloT slde enjoyed their best ever run in the Aberdaie Cup. Other 5POrts also flourished. Our nevAy-establl8hed golf team made a remark8ble impact. crowned NalSonal Champlons in the ISGA Team Net compelillon, Two fencers reached the U18 nallonal flnals, swlmmers performed strongly in the Wycombe Abb8y league, gnd Our dance company trfumpheil In th8 Bright Stars Comp&tlilon wllh the hlghesl 5cor8 across all categories. Mean￿lIe. indithdual pupils distinguished themselves natic￿allY and Inlemallonally in Shot PLtI, golf, skilng, Irampollnlng, Towlng and salling. The win rauo acr05S SP)rt8 8lo&J al jusl over 52% for the year, bul r88uIt8 81one do not tell the full Blory. What Is most encouraglng 18 the cullural change Ihal continues to take root., $port18 undoubtedly v8lu8d across Ihe school community, with gngagemenl su51ained even during the pressures of th8 exam seaBon. Invegtmenl In facilities, includin9 &nh8ncements lo tennis Bnd n8lb811 courts, along wrth golf prov18ion underflne8 the 8chool' ommilment to ensurlng that 911 puplls have opportunllles lo thrive. Drarna Tho Drama Department continuas to provide a rich and challenging programme, blending ambitious producllons with excellent d8ssroom leaching and examination success. The year began with the Orama Captain's play, My Slsler In This House. a powerful and intimate prLKluction showc8sing the ￿lent of pupils In Year 10 and abDve. Thls was foll¢)wed in the Michaelmas term by a whole-school production of Rom80 8nd Juliet, sel in 19605 East London, involving over 50 pupils from auoss th8 school. The Player5 Company. an elit8 auditioned troupè. enloyed 8 partlculady succ8ssful year. Their devised piece, The Known. w88 both moving and imaginative, and thre8 pupils subsequgnlty won places al the Nation81 Youth Theatre- an outstanding athievemenl given the 7,000 applic8nts n8tionwide. Alongside this. the House Drama Festiv81 onc• again brought together pupS15 of all ages. directed by older girfs wlth the guidance of V15rting Sndusty professional5. Page 14

ST MARY'S SCHOOL ASCOT REPORT OF THE GOVERNORS (CONnNUED) FOR THE YEAR ENDED 31 AUGUST 2025 The year concluded with a wbrant KS3 production of Th8 Littl8 Mefmaid, involving over 60 youngèr pupil5. was a joyful 8nd 8mbltlous stsglng that allowed emerging talent to 5hlne In the Rose Auditorium. Auoss Ihe year, pupils also benefited from professional workshops, visits lo major productions. and a wde rBnge of assessment4iased performAn¢6 work. TTinityand LAMDA•xams were tak8n wllh dislincb'on rat85 above 85%, buildlng lurther on last year's successes. Drama al Sl Mary's continues lo offer pupbls a sense of belonging. achievement 8nd 1nsplra1lc￿. From Y8Br 7 Improvisalion projects and devised work In Years 8 and 9 through to the thoughtful and polished performances of the Upper Sixth. the department remain8 a vibrant and Creative hub of school life. Mu8lc Music continues lo b6 integral to both the 9rt48llc and spiritual fabdc of the 8chool. ￿th participation al record lavols and performances of exceplional quality. Peripalelic le58ons Temain vary popular wlh nearly 300 sey81on8 taking place weekly #cross a wlde r8nge of ingtrumenls. and the orche8tra h8$ more th8n doubled In size sincg 2023. A major reslruclurtng of choSrs will lake effect nèxt year. wlh ensembles now clo8rfy defined by age and stsge, ensuring breadth of opp¢Jtunity whllo malntalnlng elile performance 8tandard8. The yearfs progr8mm8 of concerts was exceptionally strong. The House Vocal and Inslrumenial compelilions showcased thg depth of 181ent aL¥03S all year groups, wilh extern818djudicators praising the high standards. The inaugural St hAary's Young Muslci8n of the Year compelillon was a great Success, wth strong entries in both junior and senior cotegorles. Open Mic nights, Rock Concerts and 'Battle ol the 8*nds' ￿ntInued to delight large audiences, while lunchtime Concerts wgre so popular Ih818ddilional dales had lo be add8d to tha calendar. More fomial hlghllghts Induded the Vocal and Orch8str81 Concert, where the Music Captain performed a piano concerto wllh orchestra. and the Mu$Sc Captain's Concert in the summer, fe81urlng thamber music of an exceptionally high slandard. Liturglcal muslc remains ￿￿traI, with C8mpbn and Senior Madrig81 leading hymns, Ma88es and the Confirmation seNce. Senior Modrigal sang brilliantly al Portsmouth Calh8dr81 during the annual diocesan schools. Mass, while the traditional 'Music by C8ndlelighl' service featured repertoire from diverse culture5. Plans are now underway for a music lour in summer 2026. There have been many individual successes lo c8lebr8t8. including Organ scholarships in davalopment, pupils tsking up new instruments, and conslslently strong ABRSM examination results. With new staffing appointments, expanded facilitie5 and an ambitious vlsion for the future, the Music depBriment1g poised for further growth. Page 15

ST MARY'S SCHOOL ASCOT REPORT OF THE GOVERNORS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 Trlps Pupi18 from 8very year group benefited from a wide variety of educational visits to local. national and International vanues. Residenti81 visits inrjuded trips lo Florence, Rome, Paris, Alhens, Flaine, Normandy and Geneva. Our biennial sports tour to South Afn'ca for Year 9 and 10 hockey and netball players was a gre81 success. whilst our Duke ol Edinburgh's Award expeditions look pupils lo the New Forest, the Br8con Beacons gnd Vercors. France. The Year 7s enjoyed a (w￿daY pilgrlrnage lo York with Canon PJ, where they visiied the Bar Convent and the burlal site ol Mary Ward. Al the start of the summer holidays, 27 pupils embarked a 16-nighl ITIP to South India, during which they appeared on a major news programme in reCOgni￿On of the incredible ¢h8rilable work they were doing lo help rebuild a locBI school. Duk• ol Edlnburgh's Award Participatian rates for DolE continue lo rise. Thls year, wa have had the largèst eohort of Gold partlclpant5 In recent memory, with over 30 pupi15 signe¢Y up to complete the award. Nearly every Year 9 pu￿4 took part In the Bronze award, whilst ov8r40 Year 10 pupils started working towards their Silvèr award. The Award's Head Offlc& astlmated that our pupi15 contributed 2.340 hours of volunteèrbng wllh an estsmaled social value of £14,974 for this work. Sp•akerg Sl Mary's was, once again, fortunate to welcome a wgalth of engaging and insplralional speakers across tha academic year. Notable talks this year wew delivered by Ebony Usoro-Brown (England nètball8rl, Pamela Tansey Ilonmer Dlreclor of Ihe Inlemalional Marllime Organisalionl, Sara Agha Irjocumeniary filmmoker). Sophlc Thumfart (Equity Analysl al Schrodersl. Jullella D¢xter (social 8nlrepreneurl, Haylgy Scott Ilofmer Crime Scene Invesligatorl, Katherino Antrobus (Atlantic rowing record-breakerl, Joe Nickols IArt Historian and Curator), Sir Jacob Rees-mogg IPolilicianl, Clementine Cornwall (Art Leclurerl, Mary De Vllllers Iolreclor of Admissions. Nolre Darnel, Ross Watklns IEmmaus UK chadly worker), Andrew Carroll Icaplls Ventures CEO), and Hilary Kershaw-Naylor ISOCS lounder and HR Dlrector). In addiliDn, Year 10 and LVI pupils enloyed an afternoon Ih8m8d around enlrepreneur5hip, hearing from 8 VAriety ol speakers headlined by Jo Malone CBE (Perfumer and enlleprengurl. Club• and Socletl•• Pupils wero able loloin ov8rforty diff8renl clubs and 50delies during this acadernic year. The majority of clubs are sel up and run by Sl Mary's sixth lom pupils and spBn a mnge of interests from 'Dungeon5 and Dragons, lo deballng, and from flnance to flamenco. Newly-formed clubs this ygar Sncluded STEM Soc, 88ckgarnmon Club and Melhlcs- a discussion group exploring media and ethics. TVLP In the Michaelmas term, St Mary's hosted Iha Bnnual TVLP Leadershlp Confèr8nce. welcoming over hundred pupils from all len ol our p8rln8r schools. A Similar number allended our International Women's Day evvnt in the Lent leryn alongside Year 10 and LVI Sl Mary's pupils., women's rowing champion, Annarnarie Phelps CBE, was the keynote speaker. In the summer term, Sl Mary's hosled the inaugural TVLP Dance Fe5tiv81, which was a resounding success. W8 continue to be a strong and activa player In the TVLP. 8 partnership whlch is equally benefici81 to every member School. Page 16

ST MARYS SCHOOL ASCOT REPORT OF THE GOVERNORS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 FundraSlng Ajthough St Mary'5 School Ascot does not have as 518 primary objeGI fundraising. the Schwl acknowledges and Bbides by the Fundr815ing Regulator's Cod8 of Practice (which is due lo be updated and r8publlshed on 1 November 2025) and 13 compliant with the General Dat8 Protection Regulations. The School's principal Income is derived from school f888 which is periodically complemented by fundraising frtrr a sp8cilic cause such as a major capital project, Sbnce Septembei 2025 th8 School has 8mployed a full-time Oevelopm8nl Director. The Trustees direct and oversee the School's lundralslng actlvltles through the Development Committee, a sub-committee of the Board of Govemors. Th• School's fundraising activities are restricted to the Sl Mary'8 community which includes current and fomier parents and Mem￿15 of the Ascot Aumnae Association. The School does not approach members of the public. There have been no compLaints or ¢oncerns raised by any member of the St Mary's cornmunily with regard to the School's fundr8isino activitses during BcBdemic year 2024-25. STREAMLINED ENERGY AND CARBON REPORTING ISECRI This is the sixth annual report which indudes 6tr8amllned energy and cafbon report+ng, Gr8enhou88 ga8 IGHGI emissions and energy use data for the period 1 September 2024 10 31 Augu812025 and for the same period in tha previous year are as follows.. um on nd rnl slon t20 Souic• and sco FY 24.3$ FY 23.24 corliumpllon cL￿SuMp110￿ Y•ai-un. y•ai % dlff•r•nce -25.91 Emissions have decreased by 25.87% during the schoollflsc81 year. Renewable eleclriaty has been purchased again lo result in conlSnued zero Scope 2 emi8slon8. Ikwhl Ikwhl 5.236,928.53 Srope 170TAL 10.3426fJ ??J164 I,JDI,977AO T198 55.14U 3.42400 2 6S2.66 IIJQOOJ 8.25?10 1.231.534.$Q I.￿211,￿10.60 3.QTr14(M) 5.466.$0 Isol% -631 72% 570% 1.4fi0 -51.47% .5147% 5CQP• 2 TOTAL An increa8e in solar consumptlon h85 conlTlbuled toward8 further 8U81aln8tde eleclricily. 5¢0pe J TOTAL ersonal bhiGI•s GRANO TOTAL 1079,9t9.51 Ih75.919.71 Yt.11 nn Yp•if ¢bmis$lnll% Comp.bri8ofi Sourc• Stop• F¥ 24.25 Emlss10Th ItC02el FY 23.24 Emi551ons YeJf.on- y••r dif1￿•￿¢• -25.B3% .2605% 1558% ItC02el 959.15 95303 410 S¢0 e l TOTAL Natural G45 Diesel Unladed S¢op* 2 TOTAL 704.73 497 0.00 000 1.31 ooo%i .50.76 s¢ TOTAL 0.6S 11 al GRAND TOTAL 960.47 -25. Intgnilty MetrlcG ToiJl in2 L02p FV 2425 FY 23-24 rrn2 31.83 419J The School has completed a number of measures In support of It8 enèrgy management plan 88 follow8.. The programme to replace agiThJ boilers to newer and more efficient equipmonl contSnues. The programme for the replacement ofaging shower facilities with more modern fittings to better consevve water usage cOn￿nueS. The repl8cement of aging fu5eboards to ￿ttar mBn8ge e￿ctricItY consumption conb'nues. Page17

ST MARY'S SCHOOL ASCOT REPORT OF THE GOVERNORS (CONTINUED FOR THE YEAR ENDED 31 AUGUST 2025 Methodolo The School has r8POrted all our emission sources under the Cornpanies Act 2006 Islralegic Report and Dlr8clorfs Reports) Regulations 2013 3s reqLJir8d. Raporting of calculated emissions 15 in line with the GHG Protocol Corporate Accounting and Reporting Standard and emission factors from the UK Governmenl's GHG Conv•rsion Factors for Company Reporting 2025. Th& boundaries of the GHG Inventory are defined using the operallonal control approach. In general, Ihe emissions reported are the same as those which would be reported based on a financial control bound8ry. Emissions from purch88e(i electricity be calculated In two ways.. Markel-bas8d m8thod alkjws companies lo reduce the calculation ol carbon emissions b888d on the eleclricily contract they have purchas8d. By commilling to purchase renewable energy Ihoy are supportlng the renewable energy transition 818 nallon81 level. LocBllon-based rnelhod does not account for procurernenl decisions, It looks strSclly at physical emissions from electn.dly delivered through a grid netwcfk. The School has chosen lo calculate Ihis y8ar's electricity uslng the m8rkel.b8sed methodo109y. The onergy data has been compiled and audlled by Coral Energy Limited (Company RegislT81ion Number.. 102010451. FINANCIAL REVIEW R••ult• lor th• Y•ar The consolldated results of the year are shown In the consolldaled statement of financial aclivlllas on page 25. Nel Income arnounled lo £1.25m 12024.. £0.56ml. Expendilure during thè y88r was £20.9m 12024.. £20.5ml. FlTr•ncl•l vlablllty and ro•erv•• l•¥el and pollcy The Board of Gov&rnorg, h8vSng reviewed the lunding facilities available lo the School together with the expected ongoing demand lor places and the School's lulure projected cash flows, have an expectation Ihal the School ha5 adequate resources lo conllnue its actlvllles lor the foreseoable lutUTe and considèr that Iherg were no material uncertainties over the School's financial viabilily. Accordingly, they also continue lo adopt the going concem basis in preparing the financial slalgmenls as outlined in the Statement of Accounting and Reporting Responslbililigs. Al the year end the School's consdidaled unre8lriclad funds were £29.7m 12024.. £28.7ml of which fixed assets are £27.8m12024'. £29.2ml. The School's net Bssets at the year end were £30.Om12024." £28.7ml. The excess ol unrestricted lunds over fixed assets is £1.9m12024= £IO.Slml. At the year end Ihe School also had £0.3m of r¥$lricled funds12024.. £Nill. After adjusting for unrestricted functional Ilxed assets for the charity's own use and borrth￿ngs againsl Ihem, the School had free res&rves of £1.85m las defined by lh8 Charily commi5sionl12024.' no free reservesl. 11 is the Govemors, long term policy to bulld up free reserves out of annual operating surpluses and, subject lo the prior demands of further expenditure le equip the School with the up to dale facilities needed to maintain the standard ol aducational services PTovSded for the benefit ol all pupils, lo establlsh reserves lo cover the risks and uncertainlies of operating as an ind8pend8nl educational establishment equiv8lènl io one lerm's operating costs Icurrenuy approximately £6.9m12024.' £6.7ml}. Page 18

ST MARY'S SCHOQL ASCOT REPORT OF THE GOVERNORS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 PRINCIPAL RISKS AND UNCERTAINTIES The governors are responsiblè ftsr the overseeing of the risks faced by the School af(hough d8tailèd consideration of risk is delegated lo the Headmistress and the Senior Management and Education Team. Risks are identsfi8d and assassed and controls established throughout the year. In the opinion of the governiys the School has establishèd sy51em5 of internal controls and other vlable means including insurance cover whlch, under norrnal conditions, should allow all risks lo be manage¢J to an acceptable level in its day to tlay operallons. 11 is recognised that system8 can only provide reasonable but not absolute asyurance that major risk5 have been adequately managed. The govern￿S formally revi8w risk al F&GP meetings as a standing agend8 Stem. Areas of particular concern are highlighted to the main Board through the dissemination of a 'Top Risks, paper which draws on the whol8 school risk reglsler. In the rlsk register, risk is dlvided Snlo five sections and al each meeb.ng of F&GP one s8ction is considered. The sections are Exlemal, Finance, Governance, Operations and Compliance risks. In addition, the entire risk register is r&viaw8d annually by the Bursgr and sionilicanl changes to profiles or control measures am highlighted to governors al the lime. The most slgnifl¢4nl risk lo the charity is a substsnlial lall in pupil numbers which would h8V8 an immediate Impacl on the School's finances. Th1$ risk is millg81ed by a wlde-ranging set of control measure5 induding the provision ol a flrsl-class education experlence lor the puplls provided by a well-resourced, skllled and dedicaled laam of academic, past￿al and support staff. The staff are able lo draw on th8 first-c18ss facilllies which not only setve lo provide an outstanding educAlSonal 8nvironmenl bul help promote the School lo prospecllve parents. Thg School's demonstrable success in publlc ex8min3llon3 15 also a major laclor in maintaining pupil numbers. Th& Bo8rd's conlSnuing work to 8nsur8 the He8dml8tress and her sensor managers have the resources lo provlde this fir51-class aducation oxperlence is fundarnenlal lo reducing tha rfsk of drop in pupil numbers despite the impact of laclors outside the School's immediate control. Govemor8 do not underestlmale th8 rbsk lo the School's financlBI health as 8 re8ull of the cumulalive Imp8Ct of changes in leglslalion and tax Ilablllly, both ol whlch are outslde the School's direct control, such a$ the removal of the VAT exemption in January 2025 and the removol of Mandalory Busine58 Rale8 Relief in Apr51 2025, Governors acknowledge that ingdequale saf8gu8rdlng ol the pupils is a key risk in a school envlronmenl. The govemors, who all receive annu81 s81egu8rdlng Iralnlng, prtmarily monltor $8fegu8rding wllhln the School through the Safeguarding Commlltee, the safeguardlng governor and Ihrough safegu8rdlng reports recoivod directly from the DSL al each and avery Board meeting. Saleguardlng Is always the first agenda item al every Board meellng. The governors welcome the work of the School's internal Safeguardin9 Review Board which coordSnales safeguarding pollcy across the School envlronmenl. Govemors are conscious of the increase in cyb8r securtly incldents in the independent school saclor and th18 Iherefore lealures high in the School's risk register. Governors note the resources devoted to cyber 88curity training for the staff Isuch as the recent desk lop cyb8r inEidenl exercise for the senior managemenl leaml as well as the exlensive technical measures in place to reduce the nsk. Govemors are also pleasad to fund Specific cyber security insurance whlch will Provide technical expertise and 8UPPOrt lo the School in the event that the School falls victim to wber criminal activity. Finally, governors also recognlse that health and safety 15 01way8 8 Slgnlflcant area for risk management. At Sl Mary's the risks range frcm fire and inlraslruclure lo personal risks, partlcularfy on SchcMJl trips. The govemors have recently g5tabli5hed a new sub-commil(ee (Prowrty and H8allh and Safety Committ881 to focus on health and safety matlers at the School. Governors are satisfied that risks are wnanaged appropriately through senslble rlsk assessment and thorough planning. Further reassurance 1$ achieved through the engagement of an exiernal independenl fire risk assèssor and an exlemal independent health and saf8ty auditor. Page 19

ST MARY'S SCHOOL ASCOT REPORT OF THE GOVERNORS {CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 FUTURE PLANS The Board of Goveinors. supported by the Councll, remains focused on advancing the Rorn8n Catholic faith through Ihg advancement of the educatton of children by managing and admlnist8ring a small, academic, Roman Catholic, girls. boarding School. The Board continues to oversee the development of the curfculum as advlsed by th& Headmistress. The Governors, guided by the Educallon Committee, were pleased that the School is keeping abrea51 of developments in public examinations including IGCSE. Pre-u and the Inlemalional BaccAlaureate. These inilialives are c18Brfy importAnt and the School may well in the future have lo odopt some, or all of them, bul the Board conllnue8 lo believe that a small 3chool Such as Sl M8ry'8 should not rfsk boing In the vanguard of these changes. The Board continues ta place a significant priority on broadenSng antl widening access lo the School through the means-lesled bursary scheme, links with local stale schools and work with the lo￿& community. th regard lo InfrBStructure davelopmenl, th8 Board of Gov8mors is conBclous ol the nood lo maintain an 8qultsble b81ance ts8￿een ensuring the current pupil$ benefit whilst at the 5arne tlme ensuring a sound Snlraslruclure and financial base are preserved for the next generation of pupi15 in the same way 8$ th8 current pupils benefit loday Irorn the inv8slm8nls m8de in tha pBst. Maintaining Bnd there necessary daveloping the fabric and facilities ol the School ore central lo the eoard of Govemor's strategy. A rolling programme of Improvernents and maintenance is embedded into iha School's funding programme. Page 20

ST MARY'S SCHOOL ASCOT REPORT OF THE GOVERNORS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 STATEMENT OF GOVERNORS. RESPONSIBIUTIES The gov8rnors {who are a150 directors of St Mary's Sthool Ascot for the purp05e8 of company lawl are responsible for prnparing the Governors. Report 3nd the financial siaternents in accordance wlth applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Praclicel. Company law Tequims the govemor5 to prepare financlal slal&menls for each financial year which givè a true and fair view of the state ol affair5 of the charitable company and the group and of the Incoming re80urces and applicatson of resources, including the income and expenditure, of the charity and the group lor that period. In preparing these financial sialernenls, the Trustees are required lo, select suitable a¢counlSng pollc1è5 8nd then apply them con513lenlly'. observe the methods and pdnclples in the Charilies SORP; make judgments and esumales that are reason8ble and prudent,, stsle whether applicablo UK Accounting standards have been followed. sublecl to any malerlal departur8s disclosed and explainad in the financial slalements., and preparè the financial slalemenls on the going tt￿cern basis unless il Is Inappropriate to presume that the charitable company wlll contlnue in buslness. The governors are responsible for keeping proper accounting records th8t are sufficlenl lo show and explain tha group's and the School's Iransaclions, disclose with reasonable accuracy al 8ny lime the flnanci81 position of the charitable comp8ny and the group and ènable them lo ensure that the financial stalem8nls comply wilh Ihe Companie8 Act 2006. They are also responsible for safeguarding the assets of the charitable company and the group and hence for taking f88sonable Steps lor the prevention and del8Ctlon of fraud and other Irregularities. So far as each of the governor8 is aware al the Ilmg the reportlg appioved.. there is no relevant audll Information of which tha compan18 auditors are unawar8', and the governors havo laken all steps that they ought lo have 18ken lo make themselves awar8 018ny relevant audit inloThalion and to 8stBblish th81 the audltors gre aware of Ihal information. In approving Ihls Trustees, Report. the Board are also approving the Slr8legic Report includ&d hereln Sn Ihelr C8pacily as ¢ornpany directors. BY ORDER OF T E BOARD Ms Clemenline aLtghan Director and Chair ol Governors 4 De￿mber2o25 Page 21

A Crowe Crowo U.K. LLP Charter8(IAccourtants ofcrowe Gl)bal R+ Building 2 6&grav& sireet Reading Berf(shire RG1 IA2, UK T81 [phone] Fax [phone] INDEPENOENT AUDITOR'S REPORT TO THE MEMBERS OF ST MARY'S SCHOOL ASCOT Oplnlon We have audited Ihe flnanclal st8lem8nts of Sl MBry'$ School Ascot for the year ended 31 August 2025 ich comprise the Consolidated St81emenl of Financial Aclivilies, Con501idaled Balance Sheet, Company alanc8 Sheet. Consolldaled Statemant of Cash Flows and notes lo Ihè financial slalemenls. includbng significant accounting poliues. The finanaal ￿porting framework that ha8 been applied in their preparallon is applicable law and United Kingdom Accounting Standards, including Finanryal Reporung Standard 102 The Financial Reporting Standard appllcable in the UK and Republlc of Ireland (United Kingdom Generally Accepted Accounllng Practlcgl. In our opinion the financial statamenis.. give a true 8nd fair vigw of the slate ol the group's and the charitable company's affairs as at 31 August 2025 and of the gfDUP'S Income 8n(J expenditure. lor the year then ended; h8ve been property prepared In accordance wllh United Klngdom Generally Accepted Accounllng Pr8cbce,' and have been prtspared In accordance wlth the requlremenl8 of the Companles Acl 2006. Bas1• lor opSnlon We conducted our audit in accordanca with Inlemalional Stsndards on Auditing {UKI {ISA8 IUKII and applicable 18w. Our responsibilities under th088 stand8rds are further descrlbed In the Audllor's responsSbilities lor th8 audil of the financial 5Lalements secb'on ol our report. We ar8 independent of tha group in accor(lanc8 with Ihe 81hical requirements that Br8 ￿levant to our audit ol the financi81 slalemonts in the UK, includlng th? FRC'3 Ethic81 Standard, and we h8ve fulfilled our other ethlcal re8ponslbllliles In accordance with ihese requlrernents. We belleve th81 the audit evidonce we have obtsln8d is sufficient and approprfate to provide a basis for our opinlon. Conclu•lon8 r•lallng to qolng £onc•m In auditing the financi81 slat8m•nts, we have concluded th81 th8 governor's use of the going concern b881S of accounting in Ihe preparation of the financial s18lements is appropriat8. 8a8ed on Ihe work we have performed, we h3ve not Idenisfied any materlal uncertalnfje8 relaung to gvgnts or condI￿On5 th81. Indlvidually or collectively, may cast signlficanl doubl on the group's ability lo continue as 8 going concem for a period of al least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responslbillties of the govemors wlth respect to going concem are descrlbed in the ￿levant sections of thls report. oth•r Snforniatlon The governors are respon5iblg for the other infomalion Conloingd wthin Ihe annual report. The other information comprises tha information induded in the annual r8p(xt, other than the financial 8t81emen¢s and our auditor's rèport thereon. Our opinion on the financial statements does not cover th8 other information and, except to the extent otherwise expllcluy stated in our report. we do not express any fomi of assurance conclusion thereon. OUT responsibilily is to read the other information and, in doing so, consider whether the other infomiation is maleri811y inconsistent with the finanu81 stslements or our knOW￿ge obtained in Ihe audit or otherwise appears lo be materially rni55taled. 11 wg identify such material inconsislencie5 or 8pparenl material miss¢atem8nts, we are required lo detem)ine whether this gives rise to a material misstatement in the financial $latemgnts themselves. If, b8s8d on the work we have perforrned, we conclude that there is material mi$slat8rnenl of this other inlorfflation. we are required lo report that fact. We have nothing lo report In thls regard. Page 22

A Crowe INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ST MARY'S SCHOOL ASCOT {CONTINUEO) Oplnlons on other matt•rs prescrlbed by the Companlfrg Act 2006 In our opinion based on the work undertaken in the ¢ourse of our audit Ih& information given in the Irustoés, report, which includes the governors. report and ihe strategic report prepared for the Purposes of company law, for tho financial year for which Ihe financial $talemenls are prepared 18 consistent wlth the fin8nci81 statements,. and Ihe stral8gic report and the directors, report Included within the govemors, report have been pr&pamd in accordanc• with applicable legal requirements. Matterj an whleh w• ar• r•qulr•d to r•port by •xceptlon In Ilghl of the knowledge and undersl8nding of the group and their environment obtained in the course of the audll, we have not identified matarial mlsstalemen15 in the strategic report or the directors. report included within the report of the governors. We hBv8 nothing to report in respect ol the follo￿n9 maller5 in relation lo which the Ccfflpanles Act 2006 r8quires us lo report lo you il, in our opinion.. gdequale 8nd proper accounting records have not been kept,. or the flnancial slalemen18 are not in agreement with the accounllng record8 and ￿tUM$,. or certaln di8cIo8ur88 of tru$lee8' remunaralion specified by law are not mada., or we have not recelved 811 the Information and gxplon81ions we requlre for our uudlt Re•ponilbllltl•• ollru8te•* A8 expLqined more fully in th8 gov8rnor8' re8pon8ibililies statement $8t out on page 21, th8 govemoT3 (who are 8150 the directors of the charitable company for the purposes of company lawl are respon8lble for the prep8r8llon of the financial statements and for being sats'sfied that they give a true and f8lr view, and for such Inlem81 control as the govemors determine is necessary lo enable the preparation of financi81 $18t8men16 that are free from malerf81 mi¥stst•ment, wholher du8 10 fraud or efror. In preparing the linancial stslem8nts, the governors 81e responsibl8 for assessing the chariiabla company'8 ability to contlnue as 8 going concern, disclosing. as applicable, matters ￿Paled to going concern and using the going concem baslg of accounting unless the govemor8 elther Intend to liquldale the charilablo company or to ce889 operation8, or have no reall8lic allematlve bul lo do go. Audltor's r•8pon•lbllltle• for tha audlt of th• flnan¢l•l •t•tem•nl• Our objectives are to obtsin reasonable 88surance about whglher the fin8nclal statements as a whole are Ireo from material misslalemonl, wh&lherdu& to fraud or error. and to issue an auditor's report th81 Indudes our opinion. Reasonable assurance is 3 high level ol assurance, but is not a gu8rantee that an audit conducted in accordance with ISAS IUKI will 8lw8ys delect a Tnalerial misstatèment when il exists. Mlsstaiements can arise from fraud or error and are considered material if, individually or In the 8ggrègate, they could reasonably be oxpected lo Influence the economic decisions of users laken on ihe basls ol these ffinancial statements. Oet8ils of the exlenl lo which the audit was consldered capable of delects'ng irregularities. includlng fraud and non-compliance with laws and regulab'ons ar8 sel out below. Exlonl lo whlch the audlt was consld•r•d cap•ble of detecling Irregularltles, Includlng fraud Irregularities, including fraud, are instances of non-comp118nce wlth laws and regulations. We identified and assessed Ihe risks ol material misstatement of the financial stalemanis from irregularities, whether due to fraud or error, and discussed these between our audit team members. We then design8d and perfomied aud51 procedures responsive to those dsks. including obtaining audit evidence suffiGienl and appropriate to Provide a basis for Ouf opinion. 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 2011 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.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: w.frc.orq.uk/auditorsresponsibilities. This description forms part of our auditor's report.

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 Crowe U.K. LLP Statutory Auditor

Reading

Date: 6 January 2026

Page 24

ST MARYS SCHOOL ASCOT CONSOLIDATED STATEMENT OF FINANCIAL ACTivrriES (INCORPORA TING AN INCOAIEAND EXPENDITURE ACCOUN FOR THE YEAR ENDED 31 AUGUST 2025 Unr•strlct•d Funds £'ooo R•strlcted Fund• £'ooo Total 2025 £'OOD Total 2024 Notes INCOME FROM: Charitabl• actlvltl Fees receivablo Ancillary Income 18.798 1,239 18.798 1.239 18. 739 1,203 Oth•r trading a¢tlvltl•• Lelbngs Income Olher Iradlng Income 358 63 358 63 4T7 75 Inv••tment# Bank and other Interest 624 624 229 VoluntAry •ourc•• Donations Donatyons from the Charftable Fund 530 302 832 73 Totsl In¢om• 21 22134 ￿L7 EXPENDITURE ON: R•i•ing Fundj Tr8ding expenditure 166 Gh•rftable 4ctlvltl•i Schod op8raling c08ts Total Exp•ndltur• NET INCOME 952 302 1,254 557 Tran8feT belween funds NET MOVEMENT IN FUNDS 295 1,254 557 Bal8nces brought forward 8alanc•s c•rrf•d forward 71 The not8s ￿ pages 28 to 43 fomi PBrt of these financSal ststements Page 25

ST MARY'S SCHOOL ASCOT

CONSOLIDATED BALANCE SHEET

31 AUGUST 2025

COMPANY NUMBER: 01844327

		Consolidated	Consolidated	Company
	Notes	2025	2024	2025	2024
		£'000	£'000	£'000	£'000
FIXED ASSETS
School buildings and
equipment	8	27,824	29,163	27,824	29,163
Investments - in subsidiary
company	9			1		1
		27,824	29,163	27,825	29	164
CURRENT ASSETS
Stocks	10	38	31	27		21
Debtors	11	1,475	499	1,797		936
Cash		18,712	20,753	18,371	20,248
		20,225	21,283	20,195	21,205
CREDITORS:due within one
year	12	(10,057)	{9,670)	(10,028)	{9,593)
NET CURRENT ASSETS		10,168	11,613	10,167	11	612
TOTAL ASSETS LESS
CURRENT LIABILITES		37,992	40,776	37,992	40,776
CREDITORS:due after more
than one year	13	(8,023)	(12,061)	(8,023)	(12,061)
TOTAL NET ASSETS		29.969	28.715	29,969	28	71
FUNDS
Restricted Funds:
Capital Appeal	14	295		295
Unrestricted General Funds:
Ordinary School Funds	14	29,674	28,715	29,674	28	715
TOTAL FUNDS	14	29.969	28.715	29.969	28,715

The surplus for the year in relation to the School only was £1.254k (2024: £557k).

The financial statements were approved and authorised for issue by the Board on 4 December 2025

Ms Clementine Vaugha Chair : � C, V �

The notes on pages 28 to 43 form part of these financial statements

Page 26

ST MARWS SCHOOL ASCOT CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 AUGUST 2025 2025 £'OOD 2024 Not• C••h floTOrt from oyradng •ctlvltl•• Nel c88h provided by opernb"rwJ aclm.tles (see noto bdtrwl C••h flows from Inv•s¢lno •dlvltl•• Inlorast re￿1Ve￿ Payments lor tangible fixed assets 624 229 Net cash used in inv8sling aclivi1188 601 C••h flow• from financlng •Gtlvltl•• Cash r￿tIved for new advance fee contrads Amounts ￿￿lIsed on advance lee contracts Bank lo￿ rep8ymenls 1,709 16.635} 17,678 (2,379) Not cash Ilows Irom ￿andn9 ac¢iMlies 14 Ch•ng• In cash and •qulval•nt• In th• r•portlnq p•rlod 17.18 12,0411 15,903 C•8h and cash equlvalentx at Ihe beginnlng of the reporting od C••h •nd c••h •qulv•l•nt• •t th• •nd of th• r•portlng p•rlod RKon¢lll•tSon ol n•t Incoffl• to n•t u•h flow from oyrnllng •thltl••: Net incorne I (deficit) lor the reportlng peri¢￿ tha SOFA) AdJu•tm•nt lor. Dtpreciatson chaTgeB Interest rec8ive Ilncreasell de(xease in Block Ilncreaselldecrease in debtors Inc¥oa8elldecTeasel In creditor8 1,254 557 1.781 16241 171 (9761 1,775 1229) Not ca8h provlded by operailng aclivilie An•ly•is ol ca•h and cash •qulv•l•nt• Cg$h in hand Noli¢e depo￿lS 5.012 18.625 Tolal cash and cash equivoknnts The notes on pages 28 to 43 fonn part of these finand•l $1oterr*nts Page 27

ST MARWS SCHOOL ASCOT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 CHARrrY INFORMATION St Mary'5 School Ascot's principal activity continues to be th8 running of an Independent. gids.. Roman Catholic boarding school. The incorporated charfly Icharily number 290286. company number 018443271 is domiciled in the UK. The address ol the registered office 15 Sl Mary's School Ascot, Sl Mary's Road. Ascol. SL5 9JF. ACCOUNTING POLICIES The financial statements have been prep8red in accordance wilh the Finanaal Reporting Standard applicable in the UK and Republlc of Ireland IFRS1021, the Companies Act 2006 and the Statement of Recommended Practice applicabl8 lo charitses preparing their accounts in accordance with the Financial Reporting Standard applicabl8 In tha UK and Republic of Ireland {FRS 1021- effective 1 January 2019. No s8parate SOFA or Income and Expenditure account has been presented for the School alone 85 p8rmllled by Secllon 408 of the Companies Act 2006. The Schoc4 18 a Public Banefit Entity registered as a charity In England and Wales and a company limited by guarantee Icompany number,, 01844327 and charlty number.. 2902861. •) Ba•S• of proparatlon The accounts are prepared under tha hlstorlcAI cost convention. The accounts present the consolidated slalemenl of financlal 8clivllles ISOFAI, the consolidated slalemenl of cash IIow8 ond the consolidated and School balance sheèts comprlsSng the consolidation of the School and with ils wholly own8d subsidiary Sl. Mary's Ascot Tradin9 Company Limited. b) GoSng concorn The Board of Govemors, havlng reviewed the terms ol the School's funding facllllles, t&Jether vllh the expected ongoing demand for placey and the School'8 future projected cash flows. have an expeclallon th81 the School h89 odequ818 r8soufces to meet all of its liabilities 8s they fall due and continu8 Its 8clivilies lor the foreseeable future. The governors further consider Ih8t ther8 were no material uncertalnli85 Impacting the School's short- and medium-term operational budgets. Accordingly. they also continue to adopt Ihe going concefn basis in preparing the flnanclal stgl8m8nts as ouUSned in the Sialemenl of Accounting and Reportlng Re8ponsibilitle5. c) Crltlcal accountlng ludum•nls and k•y sourc8s of ostlmatlon uncertalnty In the application of the accounting pgliGips, govornors ar8 required to make judgment, eslimale5, and assumptions about the carrying value of assets and liabilitie5 that are not r?8dily apparent from other sources. The eslimales and under￿￿ng assumptions are based on historical experience and other fact￿$ th81 ar8 considered lo be relevanl. Aclual results may differ from these eslimales. Page 28

ST MARY'S SCHOOL ASCOT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 ACCOUNTING POLICIES {conlinuedl c} Critical aceounting ludgmènts and key sources of •stimation une•rtalnty Icpntlnuedl The estimates and underfying as$uTnptions are reviewed on an ongoing basis. Rev15i0ns lo accounllng estimates are recognised in the perfod In vthich the esb'mate is revised if the revision affec19 only th81 period, or in the period of thè revision and future perlods if the revision affected currenl and future periods, Judgment8 made by the governors, in th8 appllcalion of these 8ccounling poli￿e8 that have significant effect on th8 financial slalements and estimates with a significant risk ol materi81 adjustm8nl in the next year are deemed to be in ralation lo the depreciallon rates ol tangible fixed asseis and ar6 discussed below. In the view of Ihe govgmors, no assumptions concemlng the future or estimation uncert85nty affecting assets or Ilabilities al the balance sheet dale are likely lo result in a material adjuslmenl lo Ihelr carrying amounts in the next financlal ye8r. dl In¢om¢ All Incoming resourc88 are Snduded In the statement of fin8nclal 8clivllios vthen the charflabl company is leg811y enlilled lo the Income. receSpl is probable and the amount can be quanlbfled (h reasonable 8CCLJracy. el F••5 and Slmllar Income Foes receivable and olhar f8e8 are accounted for in the perlod in whlch the service 18 provSd8d. Fees receivable represent lees less bursarles and allowanc8$ and other income derlvgd from the Schcol's continuing actsvilies. n Incom• from pupll •xtras Charges are made to pupils lo cover the cost ol 'Exlras'. In some cases the costs slightly exceed the charges mad• and in other8 there is a small Su￿u9 remaining. gl Inve8tm•nt Incomo Investment income from bank balance5 and lixed intere51 securttles Is accounted lor on an accruals basls. h) Donatlon•, 18gael••. gr•nt8 and other voluntary Incomfr Voluntary income is accounied for as 8nd when entillemenl arises, the amount can be reliably quantified and the economic ￿n￿rit to the &hool is considered Probable. 11 Exp•ndlture Expendllure is accounted foT on an acwa15 basis and is ollocaled lo expense h88dings on direct cost basis. The irrecoverable VAT is included with the item of expense lo which it relates. Governance costs compr568 costs incurred in meeting slalulory and conslllulional r¢quiremonls ol the School. P8ge 29

ST MARYS SCHOOL ASCOT NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 ACCOUNnNG POLICIES Icontlnuèdl 11 Tan8lbl• fSxed asset¥ Flxed assets are staled 81 cost less depreclatlon calculated on the following basls. Bulldings 2Q/o per annum on a straight line basis Improvernents and extensSons 2- 10% per annum on a slraight line basis Alhlelic5 and hockey facility 6.6% per annum on a straight line basis Fumiture and equipment 20- 25% per annum on a slraighl line basi8 Individual ilems costing less than £2.000 are not capitalised, except when they form part of a larger project, Assels are carried in the Balance Sheet al historical cost. A88els under tha course of conslrucllon are not depTrcialed unlll they are complete and brought into use. kl Inv••tm•nts Investrnents In 8ubsidiarle8 are valued at C081 le$s provi8lon for impalrment. 11 Ponslon schem•• al Conlribulory Group Personal Pension Plans have been eslabllshed for admini51rallvg 8nd other non-teachlng 51aff which are defined contribution schemes, Conlribulions lo these plans are made in aC￿rdanCe with Ihe rules ol the plan and are charged lo &xp&ndilure when they are payablo. bl Tha Teachers, Pension Scheme - This scheme is 8 mulli-employer penslon scheme. It is not possible to Idenllfy the School's share of the underlylng ossets and liabllllles ol the T88ch8rs' Pension Scheme on a conslslent and reasonabl8 basis. Therefore, as r8quired by FRS102. the School accounts for thè scheme as 11 it were a dofined contribution scheme. The School's contributions, which are in g¢cordance with the recommendatlons of the Govemmenl Actuary. are charged in the period in which the Salarles lo which thèy r8lale are payable. Th8 School has entered 8 phased withdrawal from thi5 Scheme Irom 1 Seplemb8r 2024. Frorn 1 January 2025 all leachers have been 8bl8 lo loln the AVIVA APTIS pènslon scheme whlch is a defined conlribullon schem6 and ¢onlributlons lo this scheme are made In accordan￿ wllh the rules of tho scheme and are charged to expenditure when they are payable. ml Unr••trl¢ted funds Unrestrlel8d Funds aro funds applied at th8 dlscT8tion of the govemors in furtherance of th8 objects ol iha School. n) R•strl¢t•d fvnds This represents the monS86 rec8ived lor spgcific purposes a$ disclosed in note 14. ol Flnanclal Instruments Basic financial instruments are inib'ally recognised al transaclion v81ue and subsequently measured al amortised cost wilh the exc8Ptlon of Investments whlch ore held al lair value. Financial asseis held al amortised c051 comprise cash al bank and in hand, logelher wlth trade and other debtors. A speclfic provision Is made for debts for which recoverability is in doubt. Cash at bank and In hand is defined as all cash hgld in instant a¢¢ess bank accounts and used as working Caprtal. Financial liabilities held al arnoTb5ed cost ￿MpriSe all uedilors exGepl social security and other laxe5 and provisions. pl Debtors Tr8d• and other deblors are recognised at the settlement amounl due after any trade discount offered. Prepayments are valued at the anKfyunt prepaid net of any trade discounts due. Page 30

ST MARYS SCHOOL ASCOT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 ACCOUNTING POLICIES Icontlnuedl ql Parents, doposits The governors have reviewed the contract tèmis under which pupil fee deposits are held by the School. Although under normal circumstsnce8 these will be repaid over fijture years when the pupils complete their education al the School, pupils can leave al earfler dates. The School doe5 not, Iherelore, have an unconditional rlghl to r8lain the Indivldual deposlts for al least twelv8 months after the balance sheet date and, in line Wth Ihe requirernents in FRS 102, the b81ance ol the dep0511s held at the year end have been included wllhbn currenl r) Advance Fee Sch•m• Amounts received under the School's Advancè Feè Scheme contracts lor educallon not yet ulilised to sett￿ school lees are recorded a8 deferred income and allocot8d as current Ilabililies where the educ8lion will be provided wllhln Nyelve months from the reporting dale and aB long-lerm li8bililie$ where (he educallon will be provlded In subsequent years. •) C••h at bank and In hand Cash at bank and cash in hand Includes cash and short term highly liquid inv•slments. tl Crodltors and prov181ong Credltors ond provisions are recogn18ed where the School has 8 pr95ent obllgatlon ra8ultlr*g from a pasl ovgnl Ihal will probably result in the transfer ol funds lo a third party and lh& Amount due lo sellle the O￿l￿alloN can be m8asurèd or eslimaled reliably. Creditors and provisions 8re nomi8lly recognised al Ihelr Settlement 8mounl after èllowing lor any trade discounts due. FEES RECEIVABLE 2025 £'ooo 2024 Gross lees Less.. total bursaries, grants anij allow8nce8 19,909 19.645 137 18.578 18,508 Add back.. Bursaries paid for by the Charitable Fund Page 31

ST MARY'S SCHOOL ASCOT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 TRADING INCOME Thaschool owns 1000k ofst. Mary's School Ascot Trading Company Limited, which provid8s lelsur8 and conferen¢e facilities lo local and other gTOUP5. The registered office of St. Mary's SGhwl Ascot Trading Company Limited is Sl Mary'5 School Ascot, St M8ry's Raad, Ascot, SL5 9JF. Its taxable profits are don8ted under 8 deed of covenant lo the School. Ils trading result8, exlra¢Aed from Ils 8udiled account$ were.. 2025 £'ooo 2024 £000 Tumover Leltings income Other trading income 358 477 75 421 552 Cosl of 8ale5 111 106 Gro•• proflt 310 Admlnislralion Oporatlng proflVllo••) 249 381 Covenant lo schwl Not proflt TBxalion Profft lor lh• y•ar Upon con$olidollon £5k (2024.- £5kJ of Inler-company charges are ellmlnaled. ANCILLARY INCOME 2025 £'ooo 2024 £'ooo Other charges to pupils School trips Registration lees other 712 409 31 710 366 41 86 PBge 32

ST MARYS SCHOOL ASCOT NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 AUGUST 2025 ANALYSIS OF TOTAL EXPENDITURE Stsff costs £'ooo Other £'ooo Depreciation £'ooo 2025 £'DOO 2024 £000 Chirltable actlvlties School operating rAyJIs Tèachlng c051s Well3re costs Premi8Bs costs Support costs Development and Mark&lSng Financè and other costs Grant making 8,990 2.196 1,192 1.034 185 1,470 180 10.040 3,097 4,409 1,872 277 197 22 10.395 3,056 4,290 1,939 259 134 231 1.621 833 92 197 220 1,596 13 597 1 781 JLUZ Co•t• ol ralslng fund• Tradlng expenditure 114 16 166 Included wllh support ¢o$1s ore governance costs of £29k (2024.. £28k). Staff costs £'ooo Olher £000 Depreciation £000 2024 £'ooo 2023 £000 Charitable g¢liviligs School oper81ing costs Teaching cosfs Wellarg costs Pr8mis8s cosls Support ￿51$ Development and Mart($ling Finance end other costs Grant making 8, 769 2,115 1, 166 960 161 1.443 941 1,537 974 98 734 183 10,395 3,056 4,290 1,939 259 134 9,923 2,652 3,748 1,690 210 136 1,587 Costs of raising funds Trading expenditure 166 14 Included wlth support costs are governance costs of £28k f2023.' £28k)- Page 33

ST MARVS SCHOOL ASCOT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 ANALYSIS OF TOTAL EXPENDITURE ICONTINUEDI EXPENDITURE 2025 £'ooo 2024 Charitable activStlas Include: Depreciation Govemance costs Auditor's remunerallon.. Audll Other Bervices 1,781 1, 775 23 23 TOTAL STAFF COSTS 2025 £'ooo 2024 £'ooo Wages and salaries Ilndudlng contractor costs) Social Security co81 Pension conlrfbutlons 10,610 1.251 10,423 1,119 The average number of employees In the year w88,, Toaching staff Support staff 105 177 f 81 Key management personnel include the governors, Headmistress and the 8uTsaT la8 Staled on Pagè 31. Tot81 r8mun8r8tion ol kay manag8m@nl pèrsonnel (including employer's pension and elnployer's Nll during the year was £526,006 [2024., £480,888). Total t8rminalion paymènts made during the y&ar wefe £nil {2024.' £nll). Three governors (2024.. Iwoj had travel and accommodation expen8es of £1,194 (2024.. £1,286) reimbursed lor allending meellngs. None of the other govemors or persons connected wlth them r8ceiv¥d any remuntsration or oth¢r ben¢fit from the Schogl (2024.. Nonej. P8ge 34

ST MARVS SCHOOL ASCOT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 TOTAL STAFF COSTS (CONTINUED) Number of omploy8es eaming over £60,000 (gross pay and taxable benefits) during the year were a5 follows:. 2025 No 2024 £60,001 - £70,000 £70,001 - £80,000 £80,001 - £90,000 £90,001 - £100,000 £100,001- £110,000 £140,001 _ £150,000 £150,000 - £160.000 £200,001- £210,000 £220,001- £230,000 31 37 49 Number of hlgher pald employees c0nlrlbutl￿8 to a penslon scheme Tolal cost of employels conlribullons in relatlon lo the above LqLUII LA12.&Q9. Page 35

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ST MARY'S SCHOOL ASCOT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 INVESTMENTS (School only) 2025 £'ooo 2024 Share in subsidiary company'.- Sl. Mary's Ascot Tradlng Cornpany Limited 10. STOCKS Consolldatsd 2025 2024 £'ooo £'ooo Company 2025 £'ooo 2024 £'ooo Consum8bles 11. DEBTORS Con•olld•t•d 2025 2024 £'ooo Company 2025 £'ooo 2024 School fo8s receivable and other charges Prepayments and accrued income Other debtors Amounts due from 8ub81di8ry undertaking 1,273 425 1,273 425 181 21 64 10 181 64 10 12. CREDITORS. Amounts falllng due wllhln ong ygar Con•olld•lod 2025 2024 £'ooo £000 Company 2025 £'ooo 2024 Other lax8t1c￿ and social security Advance f88 schem8 (see note 131 Trade creditors School f88s rec8Sved Sn 8dvance Final term deposits Other creditors Acuuals and deferred Income 1.221 237 1,221 237 5.632 426 6,520 525 5,632 418 6,520 474 1.401 809 360 20 1,056 119 458 1,401 809 342 1,056 779 437 90 Page 37

ST MARY'S SCHOOL ASCOT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 13. cRED￿oR5. Amounts falllng due after more than one year Consolidated and Company 2025 2024 £'ooo £'ooo Advance fee schgme (Note 1381 8 023 ￿QLl 134. An*ly¥li of advanco fot #¢h•m• Duè., Belween one to two years Belween two to five ye8r8 Over five years 3.517 4,115 4, 788 6,435 Due wlthln one ygar Balancè •t 31 August 2025 The balance represents the accrued liability under the conlracl$. The movements durlng the year were.. 2025 £'ooo 2024 £'ooo 8olBnce 81 I Sepfember 2024 Naw contracts Amun(s ulilised In the payrnenl of fee8 1B,581 1,709 fj35 3,282 17,678 B•lance at 31 August 2025 Page 38

ST MARY'S SCHOOL ASCOT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 14. STATEMENT OF FUNDS {CONSOLIOATEO AND SCHOOLI 2025 Balance at ? September 2034 £'ooo Balance at 31 August 2025 £'ooo Ineome £'ooo Expendlturn £'ooo Tran¥f•r8 £'ooo Unrestricted G•nernl Funds: Ordinary School funds Ro#trict•d Funds.. Bursary Income Capital Appeal Fund Other restricted donations 28,T15 21,612 120,6601 29,674 220 295 {2201 295 Total funds Capllal Appeal Fund represents funds generoled speafically for lulure mBlor capltal projects. The 8ur88ry InC￿ne represents donations received trom the Chadlable Fund lo be applled lowards bursaries. The transfar in funds relates lo relmbur3ement of capital project cost8 incurred by the School, due lo restricted donauons being r8ceiv8d. 2024 Bal4nc6 8t I S8Ptember 2023 £'ooo 8818nGe al 31 August 2024 £'ooo Income Expendiluro £000 Tr8nsfors £'ooo £'ooo Unreslricled Ganorol Funds.. Ordin&ry School lunds R8stricled Funds.. Burs8ry income C8PIt81 Appeal Fund Other reslri¢l8d dDn8lion$ 28,158 20,746 (20,239J 50 28,715 231 (231J 50 Tolal funds ANALYSIS OF NET ASSETS BETWEEN FUNDSICONSOLIDATED AND SCHOOLI Flxed ABset8 £'ooo Net Current Assets £'OOD Long T•mi Llabllltlè8 £'ooo Total £'ooo R8slricled Funds.. Unre51ricled Funds 295 295 Tot81 funds The￿ is no equivB18nl comparative for the prior year. Page 39

ST MARY'S SCHOOL ASCOT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 15. RELATED PARTY TRANSACTIONS During the year govemor donations to the school totalled £nil (2024.. £50.000). One TTUStee (2024.. One) had closety related children being educated 81 the school. One close relatlve of a member of the 8chool'5 key management personnal las slated on page 31 was paid a total 58lary of £15,350 during Ihè ya8r (2024., £16,310)- 16. PENSION COSTS The School partiapales in the Teachers, Pension Scheme Ilhe "TPS'I for its teaching staff. Tho pension charge for the year Includes conlribulions p8yable lo Ihe TPS of £1,124,634 (2024.. £1,376, 11 l). The School has 8nlargd a phasad withdrawal from this Scheme from 1 September 2024. The TPS is an unfunded multl-8mployer defineé benefts pell5ion seth8me governed by The Teachers, Pensions Regulations 2010 las amandedl and Tha T8achers' Pension Scheme Regulations 2014189 8mandedl. Members conlrlbute on a'pay as you go. ba515 ￿th contributions Irom members and the employer being crgdiled lo th8 Exch8qU8r. Reb'remenl and other pension benefi'is ara paid by public funds provided by Parliament. The employer contribution rale is Bet by the Secretary of Slate following 8cheme valuations undgrtaken by the Government Actuary's Department. The m05t recant actuarial valuation of Ihe TPS wos prepared as at 31 March 2020 and the Valuation Report was publlshed in October 2023. The Va5ualion Report shows nollonal assets of £222.2bn and 1labll1￿es of £262bn, resulting in a scheme deficlt of £39.8bn. The employer contribution rate lor the TPS Is 28.6Vo, and employers are also required lo pay scheme a¢Jminislralion levy ol 0.08Qh giving a lotsl employ8r contribution rate of 28.68%. ContrSbLJllons payable by the School on other penslon sthemes amounted lo £659,409 (2024.. £3Q6,856). Conlrlbutlon$ lolalllng £200.466 [2024.. £208,656J wère payable lo the scheme8 at the year end and are included within other Creditors. Page 40

ST MARY'S SCHOOL ASCOT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 17. RECONCILIATION OF NET CASH FLOW TO MOVEMENT IN NET FUNDS 2025 £'ooo 2024 £'ooo IDecreaseVincTe886 In cash In the year L¢)an ￿paYment Advance f88s scheme 12,041) 15,903 750 Change in nel fun(18 2,885 1,354 Nel funds al 1 September 818 NET FUNDS AT 31 AUGUST ANALYSIS OF CHANGE IN hlET FUNDS Net funds a 8t1 Seplember 2024 CA5h Change N•t fund• as t 31 Augu•t 2025 £'ooo £'ooo Cash 81 bank and in hand Advance fe88 scheme 20.753 {2,0411 18,712 Page41

ST MARYS SCHOOL ASCOT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 19. FINANCIAL INSTRUMENTS Fln8ncial assets held al 8rrortised cost are fees receivab18. other debtors. amounts due from group companles and cash al bank. Finanoal liabililies held al amortised cost a￿ bank loans, trade creditors, other creditors and accruals. 2025 £'ooo 2024 £'ooo CONSOLIOATED Financial 8ssels measured at amortised cost Financial li8bilili96 measured al 8mortised cost 20,006 21,188 The group's Income, expense, galns and 108888 In re8p8cI of flnanclal Instrumènts are summarlsed below,, 2025 £'ooo 2024 Interest income and 8xpense'. Total interest income lor financlal assets held al amortised cost Totsl Interest expense for financlal Ilabllllles held al 8m¢Jrtlsed cog1 624 229 2025 £'ooo 2024 COMPANY Financial a$$el$ mgasured al amortised co81 Financlal liabilitses measured at amortised cost 19,987 21,120 The company's income. expense, gains and losses in respect of finanrAal inslrumenl8 are $urnmarlsed b810w'. 2025 £'ooo 2024 £'ooo Interest Income and expenBe.' Total inter861 income for financial assets held al 8mortised cost Total Inte￿$t expense for fin8nci81 Ilabllities held at amortlsed cos1 624 229 Page 42

ST MARY'S SCHOOL ASCOT NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2025 20. COMPARATIVE STATEMENT OF FINANCIAL ACTIVITIES Unreslncl8d Funds Resln¢led Funds £'ooo Tol81 2024 INCOME FROM.. Charitablg acfivitles Fees receivablg Ancillary income 18, 739 1,203 18,739 1.203 Olhertr8dlng aclivilies Lettlngs income Olher trading inGome 47T 75 4TT 75 Investments B8nk 8nd other interest 229 229 Voluntary sources Donations L)onallons from the Charflable Fund 23 50 23 73 To181 inGome EXPENDITURE ON.. R8lsing Funds Tr8ding exp8ndi¢ur8 166 166 Charilablg activities School oper81ing Gosts Total Expgndilure NETINCOME/ (EXPENDITURE) 507 50 557 Transfer belween funds NET MOVEMENT IN FUNDS 557 557 88lan¢es brought fonvard Balances carrled forward Page 43