2022-07-31-accounts

Ch•rfty rngl•tr•tkn Mmb•r310634 Compary r•OBtr•llon numb4r309OSJ {Engthnd and Walm) ST MARYS SCHOOL GERRARDS CROSS. LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY2022

ST MARYS SCHOOL. GERRARDS CROSS. UMITED LEGAL AND ADMINISTRATIVE INFORMATION Mrs PatsldaAdams WCM)n) Dorek Wllson (ChalrofGo¥emorn) Marfna Hair Dath Campktn (FInan￿ Lead Go¥•mw) Nlthclas M09S Chrfs 8ayll¥¥ (E0ue41k￿ LeAd Gov￿￿ Stsphanle Cl Nic￿laS HeNthurth D•vthder B￿$1 Fmm8n (Appthled 7 F•bnNry202Z (Appolnted 1 September2Q S•cr•tsry Mkhael Boddy Ch•rlty 310634 Comp•ny numb•r 389603 SL M•rf$ Sth)ol G•rrards Cr055 Bu(s SL9 8JQ Audltor crftdleys Audrt LLP Beawr Hw89 2>38 Hytho B)1dge Strnot OX12EP BaT•rn The Roy81 Bank ofS¢))UoNI 042 H￿h ￿T80t IA•ld•nh•ad SL8 1QE Sollcltov• gre W88t4grough Vtt•rds. LLP 24 Klng WllllwN Stst London EC4R 9AT

ST MARYS SCHOOL. GERRARDS CROSS, LIMrrED CONTENTS Indop6rMlonl audAotrs report ststemwtt offinwLg18ctivMo8 Ballnce slet 10 11 Note8 tothe fmncio18tatsm6 12-26

ST MARYS SCHOOL. GERRARDS CROSS. LIMrrED GOVERNORS. REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 31 JULY2022 The Govemm wos•nt th•tr annuol report finanrJ81 •t•tsrnJts trthe ￿#r ondgd 31 2021 fln•nd818taln•nts been prepared In accorthce ￿1h the 8¢u)unilng wltC468 gel oul In noto 1 to tho financial 8latsments and r¥ynpty wlth tho Chavty$ VamoraThknm Arttdes ofAssi)ckkn, the Compan105 A 20¢￿ and "Accounkng and Roportlng by Charities.. Statsmgnt of Re￿nme￿￿ed PrnEe ap￿blO to charftle8 prepwing Ihalr 8c(¥)unts in 8¢%oTdw)c• wlth the Flnarthl Roporflng Stsndard 8pfftbkn Sn tho UK wd Ropublk of Ireland (FRS 102) (effe(the 1 Januwy2019)'. The obigclfve$ of th• Chartty ar• set out In th• M•m(nndw)I rrfA8#0¢￿On. rrny b• $ummthl os th• carrylng on of a Schcd for gM8 whorn th& studonts may oblakn an •ducatlon of thè Nghest 0￿er. thB holdlw rf rollo10￿ S¢Tth and dollyerby r•I]llk￿8 kn$trLKUon In accordance wlih thg dodrfn• 8ThJ prfndFs ofthe Chur¢h of England the undwf8kkng 1rf8dMlhs b) lh8 caw• oled￿tIOn. The Ch8rlty has thè genor•l n$ton of pmvkllw an excellent a carlng. hwy •nvtronm•rL each glrl dMIoFtd and horfull rthntl81. When ¢orld8rkng the Btrnte8 enybyad tts Bchl•v8 tho Sch)of6 cknJeClTr￿I. GovoTh¥ys have ￿Teful ccnsldeTrllDn lo thg Charfty Commi561on's g8n8rn1 guld0n￿ on p￿11￿ bonofit 8rrfl In pArt￿l8r to Its $uppl•mentary publicgu1dan￿ on othnrdng edU￿tiC￿ orltse tharglrw. Th? otr•tsgl0s omF4oJd to tho Ch•rftys obJedl¥e8 arn: To conllnually monltor quamy of te8¢hlng. Ihrough taw setNr¥a, In8at tralnlNJ. ob8eNthn, Bh•lng and dbcusslon ol gotxl pr&cllce. BS well a8 upd8UDg resour￿ and addng new currlcula. TO thr equal orwJnlilas lo al glrfs., to ensum all In(fvhJual n8•d8 are Oddr￿•d. that all ryjporknnhlps arn acu¥sW)l¢ tr) 8wyoM. pr￿1￿￿¥ fl•xlblo 8tr08rfATrJ and fdatlDn ofstaff. To provldo moro1 ot)d sthu•l UwhJjn￿ and supporl. I￿r￿9 ￿T￿OnI1d8nc#. Say￿￿M. W•1￿9, •5 well 08 IwnlNJ. To ppJmote an oouvo pathershlp tho hx•l ¢ommunlty and pfir4nts throw rngular fornMI #nd hftim)o1 meotingj, asw8M as ￿rnm￿nThI￿n Ihrnuyh emall 8nd Parent rnalj. To ensure Ngh 19th of ￿￿k¥a1 wo, by Iwlkling pupttsstaff r¢lAlh)n8hlp as Tw¢1 as bokvj gbk to offer th• 8WWOrt (rf• qu8lhled B(￿ts1 COUn￿lI0r. To Togularfy asso$$ 1oad•rshlp and rMn8gemrt throuth wotsssknnal and Indepe￿1?￿1 rovhw fwJbgdE fr￿n d•partm•nts. pupM8 P￿nts. To provklg Cortinuing ￿ppr￿t of ￿ PUF41s alrn8dy In r¢r•lpt of bJrnarf88. To rn8]ntsln the proN75k)n af rn￿n5 te￿￿ bur$8ry pl•r￿ to nrt I0￿r 5% oftotsl To ry)nllnuo lo dgbop lknks lo￿1 st•t• s¢hoDLs. Thg prtM￿ •ctKty of tho Charlly b to ethJ¢ats glrf8 from egos Df 3 to 18 wrthln a ChrlBfj8n frnmgwrk. In •dthUon to the wkJ• Mng• of •w10m￿ 8ubJed¥ offered ar￿ tr￿( the Sch(wJl 19 oble to •nhan¢e tho educatFonal eXp￿￿n￿ through the many ¢lub$ 8nd extr#uwrt¢ul8r •caMues offered. ChiiBttan volu•s arn ¢¢)rpDrated through asBembllo8 aThJ kn everyday Scho￿ Hfè. Tho Govemorn due regard lo gUklan￿ by the Charity Commkn5ion kn deddlThJ ￿ actMt*8 th• Ch•rfty should uNlort8k•.

ST MARYS SCHOOU GERRARDS CROSS. LIMrrED GOVERNORS. REPORT (INCLUDING DIRECTORS. REPORn (CONTINUED) FOR THE YEAR ENDED 31 JULY2022 FollovATrJ Y•a￿ of examknalknns ba8•d ￿ teachor a¥8essrnents. r88uhlNJ from fv ￿ron0¥TruS pandemi¢ both theA.l¢v•l and GCSE oyamlnaknl rO￿rted to lrndlth)nal knd•per¥leW th￿n9 kn th urnmer of2022. The adknd w•r8 53% A'IA 74% A"B, 83% A'IC arKI 1(KJ% A"E. Thè r•8uf4 Obtsin￿ by olvLq. wh) spent t￿0 crfllral under cO￿d rostslthons, sIKA¥8 thgt their hard and dlllgenc• b8•n reward￿ and bew a dose (xlmparknn whh the r•sult# ￿hleVe￿ In 2019. the la8t yew t￿1 exomtsTrath)n8 Tho ruums athtwod at GCSE by Y•ar 11 girts Match￿ the hlgh 8xpgclattrTh pknd upon the￿ From th gf8dK acN•vod, 49% L•¥BI ¥KI 97% 94. results slgnifixnty eX￿ded tho res￿ lor 2019. St Marfs offorn • wlde rw of •thJects at GSCE and A￿￿￿1, thclLKllw EPQ, sThl h8B an •slJbhhed enrfthm•nt PTOOrnrn1•. Th• ry)nllnu•8 lo re(￿rt quarty teachlng atsff ￿lch 8kng8ld• IrW￿lM0nt Into ts¢I￿lIeS offers an ex¢elbnt en￿rOnment tt) al sttKf￿ts. It Is thls envkonm•nt thpt 8llowB ow students ty do1￿8r cr8rltsbl• Pup￿ rwmborB lrtrea58d agaln Ihfs year. The Sdwol Pr￿￿et86 a Inrntrform 8nty k)tt> Y•ar 7. forthkt te•rJJlThJ •taff and lèachkng assi6tsnts are •mpkwed to malntskn Iho Sthool's •th￿. erisurfng that tlrm * hvest•d Into 0o¢h gim to allow averyone to ro8th thalr full ptenlial. IMportW￿ Is sllll ple￿d on extrnQKrkular &tbvhkn, wlth glts In¥d¥td In sport dram•, music. JNI Pa￿￿paI￿n9 In of Edlnburgh ￿heM0. Hn•nel•l r•vl•w The ststsment rrf FlnAn¢tal Athltlèx reFQrts a su￿￿$ In8t ThK>vomfrnl In ol rJ45.CKQ for the y•ar (£289,000 In 2021). Thkn •n>so mAlnly kn an kncrease In tha number of puplb oftsel ty In¢xaa801 In opEr¥th school contlnues to bulld a ￿ financ￿1 Fogllon #llTrMNJ lh• G0￿morS kn Inv•bl In tts infrn5tNcture. The GovwnoTB wll maintsln a lgvel of reserve8 gdequ&ts ) protgLt aga5￿1 arry ￿￿•T•se8n drcurnstan in ts pr6vtou8 trio Yea￿ Covld dwcounts on fees ovor th000 years cost the Sthool £915.000. met from resor Foll￿1n￿ fy¥o year8 Wh￿ oporakns Thw• $wioudy haThJkapwd, ts SchcJl was fuly open thmughO￿ Ih• thole dlh8 #cademk •rKI athty was •sè¢nl81ty backto nonT￿L Th? S(oc4 ￿ntInUed to f6fi¢ct MS tharflobfe through th• dJthbulk>n ofbw¥m. sclM>IMsh orxl dlecounts worth o total 01£770.341, 10.8% of fee In¢>Jme. funts of thè Charfty are whoty wwesled kn Schoj property and 0thOT ftt•d u¥ets. Sctro)I le￿ r8¢•Irf•blg. Iw any dtscounts gb4en. thfr cost of provlthng kndtlon and 0th6T Nnnlng costs of the sth￿l. fo6s arn $6t 8t a lovel Ihat wlll provldo suffl¢t8nt fund$ to co￿1 tho co8t of regular mdntonw, modomi$olpJTr of exU fadlluos and fundlng bulldkng8 In the fvbjre. Thb Go¥ernor8 r•guknrfy roth 411knonciol and opèrnlknal rbk8 whld) mgy hav• an irnpact on the SchooL ProG8durn$ arg adopted to mwgale wcelved risk these are subjoct to ￿p￿lar ￿0￿ to ensurg Ih•t there orè ad8qUtts ¥afagu•nls kn p￿￿. Th• School Ib aware thgt In th• uJirent econ(￿¢ Jr￿ fin8ndol dlmate. 8 number of rlsks oxL8t th couhl negalwy irnpad St mor￿9. R￿kS f•ll Inb) the folkwlNJ (8t￿1￿￿1 - GovemollLW, Operatlond, Fln•nc481. Extemal and COmp￿nCe. A fwll revlow ol rbks Wd5 conductod duribwj the wr And th8 School'5 Risk R8olster wa8 r?-￿Itt0rt •NI updated to Indude rocont shrfls in both Ihè econoTh and rAAIknI ¢llmates. Tlpso ar8 not gxpoctsd to hov8 ary Immedloto rna]￿ Impad on ts Sch and adlvths. th• Go¥emon vjill o)nllnuo to revlew these lo •roLWP the (xJnllN•d smooth fu￿n9 ol St Ma￿S S¢hocA.

ST MARYS SCHOOL. GERRARDS CROSS. UMITED GOVERNORS. REPORT ONCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY2022 T￿ S¢tMxl8 p￿)1 b8n6fft Obl￿￿on remalns kn tho forefr(￿1 ofthe Gowmors. thlnklny.A8 a thaffly, ￿ par ofour puplls havo as8ur¥n¢e th8t am the inc(rn of tha Sclxx)r wlll ￿ •ppltod for W￿ca￿al wryo$88. As an oducalffid ¢hartty. th• School's edu￿￿On￿l actMlloÈ b•n8ffl dh• from l•x •xompt Its IMn•ry ond •￿Ibl￿ b•n•ltt In￿r9¢UY Iho lax exompkn, Thfr avallablNty crfburnarf￿ wthlia8ed thrtknem0￿ •• TAYbshp. Over Course oftt188t year28 glrfs benefftgd from butsArf&l t￿r￿.A￿)￿l of 1Q5 glrt% f•9 redu(thns throLth schojornhlps varylng belwe8n 1&40%. Afijfther 10 okl8 worn In rtrt•lpts o1s1stsrdocw￿. In totsl St Mwy's IIsc￿r￿ed £rnJ,341 off•e$. In to these surrffj St MArf• haB • 8m81 fu￿ Lwd a8sIBt th¢xe lan￿1[￿8 In need llh ts coot Of tr￿8 and extrWxW￿larJGlIVty9$. st Ma￿8 cortlnues to dfer tt6 fa￿￿8$ frne of charye to loc•1 n8tball and gymng8tlc cjubs. tropnlng tr• n•w •lkwo6thor thkng surface kn Soptombèr 2021, ti bo•n grautylng to see It h use 6vory8Yanlng Df th $Gho0￿￿k by hxJlJunhYgirfs and SO￿r￿d nthl ctubB. Tho glrfB them￿1￿¥ run o numberolfundr0l￿ry events thè swr. CMrIl￿ bèr￿ frun fUndra￿kn9 ChlKlr•n kn Need, Agè U1( Th& NSPCC, The Bu¢kknoham8hlre DIB8blllty Sor¥k•. Ctynl RW, Re•1 for Good. B￿kS s￿l¢h And Rfjsc￿. aThl BU&￿hom$htr0 MlrKI st M•rf8 S¢1￿￿1. GeTh•rd8 CrosB. Lhnw Is a ¢x>mpary knilted by gw¥nt6ts gDvwne(I by Ib Mefflor9ndum aThJ Arfdos ofA8sodalton dated 8 S8ptember 1944 oThJ aMe￿d 14) afrf)wlor currnnt g0vWr￿ arraroJeTrwnts on 9 Fobruary 1955. 3 July 1955. 10 Msy 2042 and 6 May 2016. K15 rngLsteThl as a Chartty vAth the Ch Comml88trJn. T￿ lbNfd•8 of th• m•rnb•r¥ ar• lo t1. Tho Govamorn ofthg Charftable Compwy (tt ￿rffyI arn 1t8TnMI￿ for tr purpose oftharty &￿j txrectorn for the purp￿$ ofcompAny IAW but by¢ustom and prnctk• throughoth the School thoy are always rderr•J to a8 Goverrm. Thè Board of GOVe¥no￿ Is compr8d ol membw• wtth a bmsd range of exportine. Thwa are GO￿1￿ wlth bgthgrounds In law. accountsnryi edu(xtkJn. toJaIn￿ marwernnL m•dl¢kw and estatè. Thr￿h¢Art tho y•arlhè Govemorn have boen: Derek WIl￿n (Cholr cl G￿M￿￿) Mgrtna H H8J8n Ph (R￿￿n9￿ 31 ParyuBt 2021) Rosemary M8rtkn Nlthol8s Moss Chrfs Bayli85 {Eduotlon Load Gov•mw) Slephanfe CIIWord Nlthol•8 Hal*l￿￿h Dthlnder 8ansl Anng Frnornan IR68kned 7 F•bnMry2022) (ApF4)kn￿ed 7 F•bNwy 21)22) (Appolnt•J 1 SeOembBr2021>

ST MARYS SCHOOL GERRARDS CROSS, UMITED GOVERNORW REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 JULY2022 As ¥•t theArtkk th• Chalrman rfthe Boar￿ ofGovemors ts aprdnlod by the m￿nborn of the Btsard at an cddnwy goneral meetlryd. Th• Governows also appdnt a new GoverM)r •ubj•ctto rnlIfica￿n •tthe ngxt (Ydiknary germl mednll. orvr￿a0fjn Board of Govèmow8 determlTr8s thè genorAI wlky ofthe S(kn?l. The doNy fflanagwmnt olts S(Jool IB dewtsd to the HeadmIStr￿ ond the BUI￿r. Tho Bo8rd meets Iwke oèch tarm. TheJ• ar• no formal But cJynmlUso8 IPwgh there aro Lead Govemorn for Eduratton. Flnanc• & Ger￿1¥1 PurFxJ￿¥. H￿nh & Safaty, S•f•wardng and Mental H&811h. ¢kn•mor Inducllon and Trdnln9 All new membern are hsuad Tmth tho GulJ•llnes lor Go¥wnors. Thoy aro enr￿Ul¥98d to o¢bnd ¥ptoprfat8 oxt•rn81 Ireknlng ewnts.All Governorn partldpakn In Sotslluarthng troknlng. Crndllor PolGy The cornpanV• ¢vrrent poIlty￿nCern1ry the paynwntoftrodo credltor81s tofdlow the CBI PmmF4 P8yw8 The Lxmpatys (wThont poll¢y co1￿¢m11￿ the pwonl crftrade credilors1610: . settle the terms of pjymenl lth tsuWlerJ Ththen ogroglng tha tsnns of8ach tr8n8acUon: • en8we thgt Suppilers arp madg avAr• olthe tsrms of paymont by Inclu8lon oftht Mithnt terms In . rAy kn a¢wd8rm Ihg company¥ ￿ltra¢￿al ond othar1ggg1 oblipdon& Mlchaol Boddy IS 26

ST MARYS SCHOOL, GERRARDS CROSS, LIMITED STATEMENT OF GOVERNORS. RESPONSIBILMES FOR THE YEAR ENDED 31 JULY2022 The GovarnDrs. who ar• •bo Ihe dlrndtys of St Ma￿$ Soho)I, Gorrard8 Cross. LImm￿ll￿th￿ purpw Of￿￿paThy law, wa rnsponslble for pr•yrfnp the Go￿￿18. Roport ond tho flnttncl81 stotements li a¢￿[dance wllh app1ka￿e Igw and unit￿ KlrrfJdom Accwnlkng Slandanls (United iangthim Gèn&rnllyAcC8M•dAc￿Un￿n9 Prn¢Uc• Company Law requtres the Go¥emor¥ to pr•par• Ilnanci#l stat4m8nls for financlel ye8rv4hlch gh 8 ond falr vlffiv of Il $tat• of affairn of th8 Ch8rtty ol the Incomlng r8sOun￿ and applk8tbn vf r98our￿, Indudb¥ the IrKomo ond expendlturo, of thè charltsbl? COThkwny forthat yeBr. In pwaring the￿ flwrthl jlaternents. th8 Golwmorn org rnqulmd to: . sal8d suitable a¢￿unti￿d pollra•s #nd Ihgn opplyth•m ￿n￿$t￿. ** - obsrn the m&thods prindpl89 In the Charfkn SORP., . make￿jd98m9n(G and •dlmat•B thal are r•a8on9ble arKI prthd8ntr, •Thl - propafe Ihe flnanttiol statemonts on th golng COr￿M bosis ub4e$8 M18 In•FprnpJlats Io •wt thg Cha￿Y wlll conlnu• h) oporatlon. The Govemorn aro r¢spon8fole tr keeplTrJ ad8quats acc￿nI￿r￿j r•(#)yd8 th8t thckn8 Thllh ro•80n•￿t at any tirne tho flnardal posmkn of th8 Ch8rty and enabl? thwi to oMur• thjl tre Iln8nd81 statements ¢ompty 4 th8 Comp8nles Plt 20￿. are olao rnspomible for safeguardlNJ Ihe a888ts olthè Charfty and hFnc• fortski reasonable steps lorlhe prevontlon and delectkY* of fraud ¥nd 0th8r fThogufaiitkn.

ST MARYS SCHOOL, GERRARDS CROSS, LIMITED INDEPENDENT AUDITOR? REPORT TO THE GOVERNORS OF ST MARYS SCHOOU GERRARDS CROSS. UMrrED Oplnlon Wa ha￿ audttod thè fyJanGhl 8tstements of Sl Marf8 School, Gerra￿ Cro88, Umlted (the tharty.) fpr Ihe yoor •rnled 31 July vthlch c(xnprfse the statement of fin•ncl61 actmitos. the b8brKo sh￿[ tha statewnt of cash flovts #Thj not03 to the fin8ncial s1otem8nts. tndudlng dgnffic8nt acLx¥uth Fdkl8s. Th8 ffin8ndg1 reportlng frarne1￿rk that has b¢•n •pplled In tholr prgporatkjn is appllcabl•18w and Unitad KWmAcrywnthg Stsndaril6. Inrludlry Flnandal stand￿ 102 Thfr Fln•n¢l8lRwthg Standard appknbh kn th$ UK ond Republlc of lrnl•ThllUnknl Klngdom G•n•rnllyAruFttdArMunllng Pratha). In our oplrdon, ths fdAr￿1 statemwlts: gw8 a tNe aNI falr vlew of Ihe Btsto of tho ch8rftsNÈ (#w)8nls •ffalrB a8 •131 ￿lY 2022 and of h8 ro8ouB>$ and appknlon of re￿Urces. Iw yèArlhen ended; and have prnplrod In vAth the r•quhments ofth• CompnleJAct 2006. B••lB for oplnlon We cornluotod rAW In wlth Intomolkro1 StsndardB on AudlJw IUKI IISA¥ IUK}} and •pplk•bl low. Our rew)onsbilrfl•s urwjer IPthe 6landord6 aro lurthor do$crbBd In th• Auditors responslbNIUes fortho audtt Iho fvMnL¥81 statemenls 8¢dbn ol our rgpcrfL W• we independent of th• Charlty In aG￿rds￿ th the èthlcai rnqulrgments th8t are relevant to ￿Jr auEthI of th• flnand81 slatsrnenl8 In UK I￿lU￿r¥j fv FRC'8 Ethk81 8tsndard we haw fulfi#ed our othw th(xl respO￿1b1￿kn by •(X0rd8￿ w4h IhB8e requlromonts. We be￿8¥ Ihatthe ouilt we havo ebts1￿d kn SU￿￿x8￿1 and opproprfats fr> pMvtd• a bath fiyouroFArkn. C•ncluthM rel￿1￿ to ￿]ng ¢one•m In authVrwJ Iho finarKral ststsm8nts, we havo that the Govenm, u¥• of the golng +)Jnwn basls of a(￿ting In Ihe pr￿r91￿ oftho Ilnandal 818tements [8 8pproprfate. B8s¢d on tr vA)Fk we h•ve ￿rfOnmd. w8 have not id•ntllknd any m•terf•l w￿0￿81n118S r8ldnB to ov•nts or C£￿100n￿ that. Irvjmdualty or colthtrrfety, rnay ￿n￿C•￿t doubt on the chari￿8 ablltty to continu8 a8 8 golThJ corKm fry • porfDdof•tluJt tw•lve rMnth8 fmm statsm8nts are jU￿￿186d for1$8UO. Ow r¢spDn8lbllM•s ¥nd Iha r•SpOn￿bIllIeS of tho Gwomors wlth rwoL to gc4n9 ciyttm ar• delathed In th• r•tgv8nl Sections ofthb roprt Oth•rlnfomMII¢ The 01her Infomkn UMnprfseB tho Infom¥81kn IndUd￿ In the annual r•pDrt ¢)th•r th•D the linandol stslements find OUT audltoV8 report hBrwn. Th& (>)y¢mo￿ or• re8wsil>h for the other Infonmalbn (x)ntaln8d wKhln I ann￿1 repDrt. Our oplnkn on th8 fina￿]•1 statsments does not o)ver the other Inlcmwlon wo do not express any Icthi of assurance ¢ondu81on thereon. Ow respon81billty b to rt8d tha othw Infomth •ThJ, kn •Jolry 80, cA￿￿d•r wh8trw thD othor InfcrntlDn Is m8tsrklly In￿nSiSt6nt b¥ith the financW stsI￿nts or our kn￿1•&JO obtsned In thg courne of thv awJl( or otheThvJse app88rs to be motsd81ty mlsated. 11 wo Idonufy $uch materfgl tThy)Dlendgs or apparnnt matsrl&l ffl&statThnts, w• are requlrad to d•twmlr whethor thls ghos rise to matsrf•l mi8Statem8nl kn the IlnarKlal ststem¢nts th•m8efves. If. bo88d on work have ¥wrom￿. wo Cl￿dUdeth8I thoTr 15 8 mi8Stat•rnnt oflh15 oth•r Infornwthjn. Aro f•qL4r•J kn It￿rt thatfacL Wo hw• n¢)thhg t> In thi8 rngard. l•ll•rn on whlth Y•qulr•d to r•pgrt by •xc•pYon W8 have notf¢hg to Tèport In rg¥pèct of Ihg foPAMing mattérn In relaltCA) to tho ChBTttles Ipmwnts Rapots) R•guL¥Uons 2008 rgqulre us to roFOrtto you If. In our O￿nIOn. Ihe Intsmiation gfv8n In the IlTran¢xl stst•ments 18 I￿nSIstent In 8ny materf& rospocl wllh Ihe Go4vmorn' report.. or th8 finond81 statements aro Mt ￿ agre•nnt ￿th tho accounthw reccrfth: or we Iw¥a rA)l M¢dvod 011 the Inf￿nth and expl•ngtkn& roqulreforour awllL

ST MARYS SCHOOL, GERRARDS CROSS. UMITED INDEPENDENT AUDITOR'S REPORT n ol th• fln•ndAI statements And for bglng Sal￿ that thoy ¥ivo a IN• and folr v￿. and fw Intwnal ￿l￿r0[ a¥ the Gov&rnots detsm￿n8 15 ne¢838ary to enabl8 the wepAralbn ol fIn8￿181 stslemwts th818re freg mat•rfd MI￿tr￿M0Th( whether due to fra￿3 or •Fror. In preparlng thg financlal st¥tsments, Ihe Govemorn or• rosponsitilo for 88s089lng the Ch8rW$ abimy rA)ntlnuo as a golry conc•rn. dl3ckJsiw. ￿ applkable. matter8 rn181ed k) gokng eon(m and u81ng tr going 0)n￿rn boslB d a¢coLmllrffj unless the Govomor6 otlhor Intsnd * HqU￿8￿ tho chiitatil8 eompBny or to Cea68 operatio￿, or havo no r¢thtlo allernativo but to do 80. Au¢Atots mpon•lbllltl•8 for th• •udlt of th? fln•ncknl •tsl•m•nts We hav• b•en Appolnted as al￿1101 undgr 8Ktknn 144 of th8 Charfues Pxl 2011 And I•￿rt k) wlth the Actand rnlgvant roquiallons mado or hJvlng thct thereundw. lkn obJtheB are lo obtÈkn assuran¢o all￿rt whelh•r th8 Ilnandal slatsmwrfs •• o fr•e frixTr matorf)I m1551&tsmont, due lo fr8LxI ry error. And to on oudltorts report that InrludBs our cylnlon. R•Bsonablg as8uMnc• IB a Imffjl of 88tsur8n￿ l)ut Is not a guarants• thal an audlt ¢ondu&•d In acc¢rdgnce ISAS (UK) wlll 4￿My6 d￿9¢t a mat•rto1 mlsstAt•m•nl wtten ft exlsts. Misstatements c•n arfBe from tra￿1 Qr arror and arn Co￿￿1$r8d m8t8rJ IF, IndMdu81ty or In the ￿l￿gate, IW wuld reasonably bg gxpethd to Inltuef Ihe eLwmk dedslons ol ugarn token on tho ba8b ofthgje fmn¢l•l st•torn8nts. lrykqrllt•s. Inch￿Ing fr•ud. Instan￿ af nOr￿lIarTh T￿ And reguialknm. W• dgBtgn pro¢4dure$ In ne ￿1h ow MponslbMt￿. oulllned Èbova, to d818Ct metedal MI￿t8￿men1S In r¢$po¢t of br￿lar￿$. Inraudlno fraud. Thg ex18nt to whkh our proLurgs arn ¢apabl8 ofdetèdlro trregulorftks. inrluthng fraudls dotalw belw. Our approxh to Identfytry 8r#J gwsslw the dsks thl mal•rfal MI￿1•teMent kn r•Jwa of W•rltlaB, IndudrwJ fraud and non.wmpHoro Ymh Iws r4uLgtion8. W88 as folkJw%' . the engagement partner ensur￿ thot the engagemgnt ts8m rAJllectW had th9 8pproprlat• compot•nc•. cyblllts 8TKI sklNB to idenwyor M(>JgnlBg non<¢wWlanc8wIth app￿0b￿ and rngulgyo • hJ•nttfi8d th8 law8 8n(I r8gulthns appllc8bl$ to the tharfty th1o￿h dlgcuEsbno with govgnKrf•, 8rrtl from our knowle(Je and trxperlonc• of the cftgnys $ector. on ¥p•dftcI0￿ and r8gulalions whkh YAE ￿%￿Idered nw hgvo a dre& m8twknl effecl on thg flnandal Ststern￿ts or the Opern￿On5 of the chwity. hJc4udiw Charfll•s kl 2011. d•t• protr£tron. Onl brtry, empbwngnL onvimnmontsl arn1 heallh And •16oW8tr&n: . ￿ assBssed the extsnt of rA>rnpllance wlth tho IHv•7 and ￿Q￿atIo￿ IdentifiBd •bo￿ Ihrnwgh makln9 erK4ulrfos of manogemgnl,. ofKI . IdenVfd lawa and regutolom WèT• ts)nynunl¢•ted w5thkn tho team regularty tho tourn romfjknod alert to InBtsn(xE of nortro)nWlan¢ thmughout tho a￿1￿L Wo 8$se6￿d the 8U5￿pIb1MY of th• flnandol8tat8m￿ to mgknrlal mlsstatsmort, obtslnlng an undorntsndlng ofhow frI￿j It¥gtrAo¢cur. by. . rna￿ enqulrie& ol marwent as to whore IW cor•tdortd thore wag tt> frBud. th•fr knowledg8 rlxtu81. ￿￿ted and al*9od fta￿l. 1X)￿d9￿ng the •))rttof8 In place to nxlvJ•te rbks of fr8ud 8nd Thx-cfjrnpll8n¢o wlth and regufalion$', and To od(Jms Iho rfsk offraud thwh monagèmgnt bl8$ 8nd overthlo of{￿tro&. w. . peFtorniod 8natyU(zl pnx¥duTeS to fdonwy any 11r￿val or un•xpecled reloJonshlp4 . tsst8d Journal 8ntrtu to unusual tr•nsarthns:

ST MARYS SCHOOL, GERRARDS CROSS, LIMITED INDEPENDENT AUDITOR'S REpoirf (CONTINUED) TO THE GOVERNORS OF ST MARfs SCHOOL GERRARDS CROSS, LIMITED . •88eJed whethwjudgomonts and a$6umplkm m•d& In d•tsmilrthg ts a¢¢ounth¥ •sthnat• (set ¢yrt in N(th 11wem Indlcatro of pot•nll•l blu: Un￿U•l tranMdlon8: arnl In to tho rknk of Irrngulwikn arwj ntyK0rn￿l9n[% wlth IM and ￿g￿￿On¥, m ds¥lprnd W￿0￿1[05 . akY•ghry fknandol stsknrn8nt ¢JscWY•8to Undorty￿ wpportkng dowrnntthi. . r•adlTrJ Ihe mInU￿ ol ol clwg¢d wllh gover￿ • enqulrlng thl rnaTragement oj to actsol and pdentsAI and dolmts: There ar¢ Infwent Umllatsn8 In our oudtt Pr￿dUM# d￿(%]bed abo¥e. Th• morè rernovèd trwt IM and rngul•tions arn from flnandal tr8nsacbns. the IDSS Ilkety tt Is that woukl bocm• knorg of Th)nompllanca. Audttk¥ stsndarts alEo Ilm th? audll pro¢edure8 reqUIr￿ to Id•nty nOn￿lm￿lence th laws and re9￿•￿￿n¥ 10 •nd other mDnagenwnt the Insp•clion ofreoulaloryand •[ cowndencb. Irony. Matert91 mi88talem•nts arfE• due to fmud bg hordor to dèt than thoBO thal ￿sef￿M •rwr as tW Irw0￿ dofl>ernt• Con￿kne￿ or coNu¥h)n. A furfher degorlplon of our rn8FalbiMie¥ IB ov•ILqble on th? FknvKIRI Reportkng CounrK wob8• at: itors nsjbilib TN6 dps¢rfF4M fornis prt ofwraudmorfs ropo Ua• rf our r•port Thlo report is m•d6 thaty to the charws tru8tttS, 8$ a body. In actxwdont• wlth wl 4 of the CarfU•8 {Ac£ounts and Repots) Regulthns 2008. Ow Audll h85 baen undort&ken 80 I￿h£ to the charftys tmstoes those matlers wo are requlred lo stote to thom in an 8udttorf$ rvport and for no otrr pury>o88. To the fullgst ox1enl pemillled by 18w, we do not aw or assume rgsponslbw to an￿ olh8r than ts dwrfty 8rJ the tharty8 In￿te•S u o l>ody. lorour audttwrt ftr Ihbs ryrL orxthe opwikn$ w• tA¥o fonned. KAth•rh* Wllk•4 (S•nlw St•tutory Awdllor) forand on b•traU of Crtt¢hl•y• Audlt LLP 28 March 2023 cIwrt•r￿ A£count•nt• 31aluloryAudllor Beawr Houso Oxfo OXI 2EP

ST MARY'S SCHOOL, GERRARDS CROSS. LIMITED STATEMENT OF FINANCIAL ACTMTIES INCLUDING INCOME AND EXPENDITURE AccouKr FOR THE YEAR ENDED 31 JULY2022 nd• 2022 2021 N¢>l•8 Chartsblg •thlU 6.429.461 1.075 8,429,461 A566.455 1.075 120 s￿.455 120 T•>t•l In¢om• 6830￿6 6,￿,538 S.566￿75 5,568.575 6.085,151 6.085.157 5.297.624 5297.624 Tot•1 •xyndlluTe 6.1)85.157 6,085,157 5.297.624 5.297.624 N•t InGomkng 245,379 345.379 8,951 268,951 M•t mov•M•nt In fw 344379 218.951 ReGoncnlatlon 0lfundb FurKI bAlan￿ at 1 August 2021 8,131.819 2.830 1134.649 7M28.748 2mO 7.831,578 Fund balan¢w •t 31 Jufy 2022 8.477,198 2.830 BA80.028 8.097,699 2.830 8.100.529 Tho ¥t•l•m•nt offim)d81 adMVe8 Indud8s gatn8 aThJ los￿ re¢4>2nlxd In Ihe >wr. Al Inty)m8 end expendiiurè dortve from ￿￿[ThU￿9 •rlMles. The of fin8ncKryl aclMUe8 also c￿pIl&s wlth roqulr•ments for •n InciMThè arAI •xpeMlluro aci*unt und•r th8 C¢¥n￿l9$ Act2006.

ST MARYS SCHOOL, GERRARDS CROSS. LIMITED BALANCE 8HEEr ASAT31 JULY2022 2021 Flxwl •M•t• TangIb￿ 8.746￿15 (674.337 160,183 1,881,104 CaBh al ￿￿k aThl In 2,342,279 2.412.122 2.041.967 Crndltorn: •mounl• falllng du• llNn on• par 11 {1,247.185) <1.049.141 1.164.937 992.826 Tol•l wirr•nt Ilbllltl•¥ 9,911,752 9.667.163 Cr•dAorn: wnounts falllng •ft•r 12 {1290.844) (1.391￿34) Prv•l•lonsfor Il•blllti (140,880) {175.000> 8.480.028 8.100.529 InMmE fund• Gemral unrethctod fund¥ Rev&￿￿￿e￿ rnsorve Penslon rae 6,107,525 2￿10.553 <140.880} 5.621.630 2,651.C69 (175.1XlO} 8.477.198 8.097.699 8,480.028 8.100.529 Tho dlrodors aCknoww￿ their rn8pOnsIb￿jtsS for ￿mP￿ing 7Arfth the i•qulr•ments of the CompMl65 Act 21J06 Ih mpct to 8cwunllng r•cords and tho preparntvjn of)Inandal stslements. Th8ge finandal st•tw•nts hava b••n prepared In 8￿•ne• th tho pmlslons applcoble kn (¥)ryianl68 sUb￿rt thè mo1 (mwlo8 roylm&. 18" zo l st•twients 8PWDved by the Go¥gmoYs on................. Derek Wllson CompAny Re￿tr￿lan No. 3B9013 -10-

ST MARYS SCHOOL, GERRARDS CROSS, LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 JULY2022 2021 Ca•h flow¥ op•ratlng acti￿11• Cash gwornt•d from oper8tlons 884.749 92&7B5 Inbvtlng ¢llvltl•s Purcha88 of tsnglblo Ilxed tt8ets Imo8bixnt recefved (323.859) 1,075 1783) 120 N•t c**h ￿•d ln Inv•sUng •thlll•• (321784) ff8,e63) Amndng acUvltl•s Repayment of bank Ivwns 1100.7g)) (99.6341 N•t ￿•h u••d In IIMn¢lw •¢Ovltlo• 1100.790) 199,634) N•t Iner••s• In cash and ¢4•h •qulvthhl• 461,176 748A88 C￿h arnl ca8h equfvahnts at beglnnlng ofytsr 1.881.104 1.132016 cash and ¢￿h •qulvalents •t end ol y￿r 2.342,279 1.881.104 11

ST MARYS SCHOOL, GERRARDS CROSS. LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY2022 A¢countiny pdlcl Ch•rfty Infommtlon St Sdwol, G•natd$ Cw055. UThthd Is a pr>48ts ¢￿ry by guwante• in￿￿11ed in Eryland •rKI WokB.TJxTr rnglstW￿ olnce18 St. Ma￿9 SchooL C￿. Bu¢ks, SL9 ￿a. 1.1 Ao¢•uThtlng ¢onv•nO The finandal glAtements hov& beon prepamd in acco￿an￿ tho Ch8AtVs Memornndum ¢f As80¢1￿0￿, the Companie5 Act 2006 #nd 'Al￿￿Tr￿n9 and R•poth by Charfllos.. St•tsment of Recomm￿tsd Pra oppll¢obkn to dbgrf158s woparfng tsir accounts In a(x0￿anC￿ wFth Iho Flnanctal Repo￿ Standwd 8ppllcabk• tn the UK and R•publlc of lrniand IFRS 102) (effe¢11￿ 1 Janwy 2019r. The Charty Is a PutrAIc 3enofft Enlty as deflnad by FRS 102. Tho flnanaal sl#t8monts am prepBrnd In stertb¥, ¥hlch IB the funC1h)n￿ currwKy of th• Charfty. Wth818ry &Th￿Unts In knndal stal•m•th ore ￿￿nd•d to the rmre5t £. Th• fwwnd•l •tat•mwts how bggn prepamd undBr the Nstork•l c051 ¢tyw•nlbrn modmed to I￿11￿1• the revaluation of fre8hokl prop8rtte$ and k [￿lUd0 inwsbnent prope￿89 ar￿ certain ffln8nclg1 kn•tNments at fa Valuo. Tre rKln&pd accountiryJ pokles 8th•Ptwl are sotout bojow. 12 Golng Al the tlnw of wwovtng the lknandal the Gov8mor8 have a regs￿blO oxpe¢Akn Ihgt the Charlty has odequats r￿￿re¢S lo (x>ntlnue In oper8ttmal •xlBteK& for the forese8able future. th0 Gov¢mors contlrw8 lo adopt the g￿n9 wn(m bash ofaccounting In prtyarlng the Ilnandai 8totsmoNs. 13 Ch•rltsb(• lunds Unre8trtcd fvn(ts 8r• avalabb )r use at Ihe dLg¢xdon of tho Govomorn kn fUrt￿raT￿ of thow charft•t4è obJodt¥es. Regtrktsd aro to 8p•cklc by donor5 88 to hw they b• w•d. The purposes uw$ ofthe rnstrJd•d ftmd¥•re aetout In notss to thollnonclal statemerrts. 1A Incom• All heiKnlng rnsour¢a8 arg kndudBd in the Statffint of Fln8nL4alAdJth ISoFA> th• ch•rty 1$ legafy entlugd kn tho Inccmg, atsr any [rfomw￿ ¢oThllUons have ba•n m•L The amount be m￿red T•￿￿blY and ti Is probabkn that th• trKorne will ba F•tr8 r￿aPAblo, le88 any dlscounts gfven, for tultri #nd axtravJrdcukr aclMtl8s are r8Lwnl88d yjuntsd for In ts p8mld in 8¢r4t¢o 15 pro¥idod. Fees p8kl In thnce arp treated as d&f•rrnd c￿e and ￿uded In other (xedi￿n. For dongdDns to be reLwnSsgd tho ch t￿11 have ba•n notW ol the ar￿ 8elVonrt drte In whung. If the￿ ar• cond61bns attad)od to tho Ch)￿￿￿n whkh requlms o tev81 of performwu befor• ¢ntllJem•nt C8n b8 obtalnbd then kux>mo Is dfrf•rr•d until thos8 wndthnj Ore fully mat or the fuffilmnt of those condltkns Iswhhln tho control ofth• tharity and It15 wobabl• that they7￿1 bfrfumitad. lnveStrnw￿ Incom Is eorrnd thrnwh holdng a88•ts for hvoslment PUWg8 8rMI fs thè •mount be mo•urnd reliably. Inler¢sl Incomg k feu)gnl8gd using the •ff8dlvo hrt•r•8t methL¥L 12-

ST MARYS SCHOOL. GERRARDS CROSS. LIMITED NOTES TO THE FINANCIAL STATEMENTS (coKnNUED) FOR THE YEAR ENDED 31 JULY2022 Ac¢ountb¥ ptsll¢l•¥ Icononued) 1.5 Expndllur• Al 0X￿ndhUr04B a￿>)Unted for on on accrval8 ￿¥15 •rKI ha8 been do￿lfied under Pwdlngy that aggrègsts an LYJSIS roFatsd lo th• eat•gory. ExperKkn is rpL>)gnl8•d where thbre is •1•981 ( U)nstrucUv• oblwknn to makè payrnnts to thtrd p8rties, tt Is probgbje that selllemont VAN be f•qutr•d and the om¢xmt crf th• I￿￿￿tA)n Lyn be rnea8Urnfl rolbbly. It ￿ c¥tswlBed urJerthg fdkmlng headlngs.. Expendftur¢ an Char￿ble a¢tlvnh8 These arn cosls Inwrred on tha CharItab￿ 8Gtl¥l¥eB. knclutJrvJ 8UPW)rt Costs to the In•o)wable VAT IJ thwaed 88 An expense apalxt the ?(thfor whlth 0xpe￿￿? om48. Support costs •nocAtlon Support C08ts arn thcK80 that 8s¥lst ltr worf( of the but do nDt dlr• r•pr••ont 8clvlps ond Indude Offl1￿ c(¥sls, gOVomonc• cosfs. admknlstrth payroll C￿5￿. TPW ate Snrjjffed thctty In support ufexpendttwo on Iho obfvcls of tho ¢hai5ty Orbs prc¢t mgnogemont cath￿1 out at Iho Sch￿1. 1A T•nglble Ilx•d a4••ts ts are ￿P￿lISed as tangible Ilxed a580ts • th￿h0]d of£1.000 and￿gem￿nI. Tlwarn carrfgd at l or VAkUon. of depreclauon and any pro¥￿IDn for Imp4lm)enl. Cost inrludes cogb dkeraty lirfbutablo lo mklr4 the 8sFot of oporthg •• Int•nW. Depwalon IJ r•g¥nL8ed 80 BS to wlta off the cost or v8luaUon (rf 8s$0ts18$5 th r•sklu81 valuw mr tlwlr u80r￿1￿6 on the folkyAkng baws: LBnd and Ixlldlngs Plant and oqulpmont FtsIw95 and frtNng8 2% pgr annum 5% per annl 15% pgr annum Tho galn or ks arf8lng on th• dlJpo8al (rf 8n asoet is thtorniln￿ aB the dff•rfjn￿ bgtBen the safe oceedg and the carry4Th4 ve￿¢ ofth8 as8•( and Fs ro￿gnI￿ed in th• statement Offina￿￿al •dvXles. On tran￿￿on to FRS102 yw •rKl8d 31 July 2015 St Morys SclKnl was rnvaw. from d•1• th• r•v8￿¢d amount W85 used a5 hs doomed eosl In orf•rlo cowyFy wllh (4ynp8ny l¥w Eiwforene4 from Ilw rolevant hWrtcBI coyt 8mLwnt ts 8hown In a revalualktrn r•$8m and the excosB deprptaatk)n, abov• thal ￿t￿rated Dn o hlstorlc81 cxjst t￿015. Contlnugs kn be off861 a￿l￿t A￿ets In the course of c0ns1ruc￿OTr ar• Indudod 01 cost. D•pr8clDtson un 1tr•so 8Sbots18 unVI tw are ￿ht Into UBe and ￿¢￿Ifi8d to fr¥•hold or 1&a￿k￿ld10￿Y and bulkllws. A Jevlthi for ImFalmnt of 8 T￿ed gs5et is carnd out11 events or thange8 In dr¢um8tsncg8 lrbj1￿t• that tr (¥r￿n9 valuo of gny 88s•t may ￿t be reGoNwablè. shortfal￿ bo1wo•n thg Val￿ of f￿d and th•tr rncovfjrnb￿ ￿n￿U￿ts orn recog￿•d aB impkni•rts. Imrdrni￿t U Stalement of Fkngnd8lActMUo8. 1.7 Ca•h and ￿h •qulv•l•nl• Cegh and ¢a8h equlvalents Indwlo ca8h In hFnd. h•fd at Call wlth b•nts, oth•r •hut4P￿ Iqukl Invostrnerts with orSglnal maturltl&s of Ihrn• or1084 aNI bonk overdrats. Bor overilrth are 81 In borrtr4vlnA8 In current Ilablltle¥. 13-

ST MARYS SCHOOL, GERRARDS CROSS, UMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ÈNDED 31 JULY 2022 Acoountlng pollrhs ontlnu•d) 1.1 FlThand￿ In•lruments D8btors and u•dFtoM wllh no 8tst•d Intwe8t rats and ra￿14￿b￿ pr pyabl• wthkn om sar are r•wrded 81 trgnsBcli>n pts. Any atslrvj knp•lnMnl ar• re(wrJlsed in 0Xpw￿lIthi. Thè Sthool ￿nISeS the cost ol sal8rlo6 pakl to tsathlng staff In th• August hdlday fdf(rAnq the y￿rend. •s stgff Arg onlAled to th￿fj paymonts a8 8 mult of80r41￿ rendered durlng th• prlod. LO3￿ and borrowlrvjs are Inrtlglty rècogntsod at the tradon prfea Includlw transodton costs. Subs&qu￿. they ore measured 8t amcll￿ cost UBing the 8ff•Gtlv• h)tsrest ￿te m•thod, lus I￿￿m￿nt Inyalmnt ASSO￿ not mg8surnd at loir va￿￿ mlowed tr any b)dEGakn tho 88fjet lrnpalr6d at eoch b•lan￿ shBet d8tg. W such indicatkn •xFsts. the recovernble amount of the assrt cr the 83sel'$ cash 9￿8[811n￿ unlL Is •sllm8tsd and (xjwrnd to the wrylng amount w￿rn tho ¢8rrying 0x￿d& lis rexovernble an Inwalrment 18 r•cognts¢d In profil or unlom the asset b Carrt￿ ot • r¢v8luod arnounl whor• tho Imp•knnt kn8811 a le￿IU￿￿on decre8$0. Current 88Set IrNWtm8nts are short tem hSghty Iwld Inveslments ar¥J are held at falr va￿. Thwe Gash on deposit and ¢ash ¢qLdvalents wjth 8 maturty of less than or ye 1.9 TaulloTh The tharity b •n axempt GIKrfty wlhin tho m￿n[￿j of8chedulè 3 oft￿ Chorftla8Ad 2011 arA Is conshdered ID pass the tests sot out In Par8gr8ph 1 sched￿ 6 Fln8n( Acl 2010 8nd theT6fore rt moots the d•fflnlkn of a thartt?b￿ c>Jmpeny for UK ¢cyratkn tax wrpos¢s. ND ¢h8rge to wrpornllon tsx ar196s on Iha r•8ults for thiry or prethuE ffinandal yoar u all irK¥xno 8rfB•B Imm aLth1O￿ •nd h •PF4ted to th• orliablg oflh Sdth. 1.10 R•11r•m•￿ b•neffl• pen8kffi ccts chorged In th8 fvwndzl slatsmonts rgwe80M the (Mtrbu1kn￿ payabh ty th• chaiity durtE¥J the y•ar In a￿0[dan(¥ FRS 102. Th? S¢hool parOclpts8 In • mul&¢rrptytr 8dme, The Gmmmonts. T••(thrn P8nsIr￿ Dafift•d Benth Schome, for ft8 le￿Ing staff. AB a resull11 1$ not p)wib12 to iJ8nlty Ihe •s¥ets and ligbllMl8s of the Icheme that are attr￿Utabl? to lh• 8cknI. pnskjn118￿1IlY b Ihg mFWtblllty ¢1 tho leherg' pgns hamg. Acoidlngty. urKlèr FRS 102 the sdwn& Is SC￿￿nI0￿ for as M w•rè a dollned conlrbLthB sthemo. sd￿1 b lblo lo to schoma at thè rale Pr￿&d by the aC￿ry from to The schcd prnvkjusky poth¢l>atad In a I￿1•ge rn￿1￿￿d 8amlry (CARE> ddned bendt for oTrt•achiNJ stoff. Und8r FRS 102, tho nel present ¥aTu& ofdofidt p8yAble. Kwth? lat8Bt doficjt ndlng oThangemenL ha8 bgon reLtsnlsed as a Ilablw. -14-

ST MARVS SCHOOL, GERRARDS CROSS, LIMITED NOTES TO THE FINANCIAL STATEMENf3 (CONTINUED) FOR THE YEAR ENDED 31 JULY2022 In th• a￿kSt10n (rf Ihe C1w[￿S a(￿UDIng pofjdes. the Go¥emm wo tequlr•d to m8ke Judg8m8n esllmo188 and as8umptlons 8boul the amount of 8ssets and N8bNU86 that ar• not r•adty •pparvrt f(om ofvr souw. Tho vAlmt8B end as80clatad assL4mptlon$ are bJBed on h15toAcal •xperfence oth•r Tho eslh)1gtes ond und0￿r￿j 455unyUon8 ere on on ongolNJ bo818. Revl8lorffj trj ostlmotos are reQrJnl6￿ the perknd In whlth the esthnate 18 ￿Sed the re¥i5Fon aff•d8 onty thjt porkjd. or In thg perfod Df Ihe revlllon gnd fubjrn perbdB th• rèviilon 8ffe¢ts ￿rTart and futwe c￿￿ljUdg•￿•Tht• Ihprnthdon Depre¢iatlon ￿en cal¢ul8tad bamd upw on th• ethted ugefvl •t￿nOmIC 11¥88 ol IFxad Depredevon year totahd £251.381. Provl•lonfor debts Thè proVAlon for bad (lobts heg bgon c#k#lat•d b•Hd ¢)n rr•nogem8nV8 48s•sJrnent ofW1￿ oubtsndhig dèbtor8 wll bg r•(TrMI. Th provlskn lola￿d £50JI(Xl atthe yoor end. Charfl•bl• a¢tMlle6 Ch•rltsbl• Ch•rftsble AelMU•B AclMII•s Tol•l Tot Schod hes 7,124,1)88 6.447.040 1770.341) 1915.298) 2.832 32.081 Olh•r Incom 69.674 6.429A61 5,586,455 I￿orne from charftsble ecllviUos wa$ £6.429.461 (2021.. £5.566.455} of £6h29A61 was unr•strtetsd {2021: £5.566.455) and £N4 ￿9t￿l￿8d (2021: £NU). 16-

ST MARYS SCHOOL, GERRARDS CROSS. LIMITED NOTES TO THE FINANCIAL STATEMENTS (coKfiNUED) FOR THE YEAR ENDED 31 JULY2022 Inv•8lm•nts Unr•stsl¢l•d Unr•slrfet•d funds Int•Te•t rocdv 1.075 120 Inv8Btment £1,075 (2(f21: £120) of whkh £1,075 was Unres1￿ {2021: £120) 8nd £NII strthd <2021." £NII 10-

ST MARYS SCHOOL. GERRARDS CROSS. LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2022 ChwhIb￿ •¢lMtle• Dlr•ci coBts: 3.487.813 3.147.644 315.511 203.217 89.465 12,315 cats￿n￿ Educauonol BuppIIoS Slaff supwt gnd d•NYltspmont 3,927.￿ 3.452,641 8upport 042R25 912,855 251.381 220,640 188,116 118,307 247,615 243,674 )9,n7 265265 34.721 25,347 7.252 147,2 102,368 {5741 {88,791) Dgpr•cloVon w#J Inwknient I*Iw and growKIB I￿9•d and IT u)5ts FSnonGlal and olhor •xp8n8es Other non-c8p5tal wondttUT• Ropalrs malnlenanco FRS102 pensbn flnance ￿juStm￿ 2.145,918 1,833,830 20 Authirrfs Mmunerntion Othw 11.130 470 10.800 753 11.600 6.OB5.157 5.297.624 Expandlture on charttsble 8cliviti8s wa3 £6,085,157 (2021: £5297.6241 of whld) £6,(K157 w85 unrethcted (2021: £5,297.V24) end £NII r•#lrfcted {2021: £NII1. 17-

ST MARY'S SCHOOL. GERRARDS CROSS, LIMITED NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 JULY2022 Gmmor8 None oflh• Govomors {or ￿ pornons cormocted with thom) receTr4ad any rnmwffjrath)n or bgrwfits fr¢m th• Charfty durfng Ihe yeAr12021: £NII}. 14on• oflh¢ Govemor8 had any oxp•ns•s reimbur$￿ tythe Chorty duw the Y￿rI2021.. The koy nNqnagement personnel of the dwrfty Wi￿[8• the Headte•ch8r, Deputy H￿￿t￿L￿ and BwMr. Tho total omDunt ol •m￿0Y1• bgnefrts (Indudlng •mpbyor pensKyn wnlrl￿tIQnS) rectlved by kny maMg&mnt F4r8(￿ll¥l for Ihdr to the djorfty was £387,51412021." £287.122). The awago rnmtrty Nmberoferroby•68 duthg Ihe >wr I￿￿. 2021 Numb•r Numb•r Taod)Ing- tim• Teaching- part Ilme Non tea¢hlng-full ti Non teathlThJ"p•rtlknD 47 21 35 20 104 Employment t•sts Wou08 •nd sÈlarfe8 Soclgl soO￿lty Othgr pension ca 3.424,522 3,132.680 341.844 298.801 629.018 4,430.138 4.060.499 The numberof whtsae armugl remungraUonwd8 than £60.1100 15 88 folbw6: 2021 Nwnb•r Nwnb•r £60,C(11-£70,000 £70,1]01480,IJOO £110,001-£120,000 -18-

ST MARfs SCHOOL, GERRARDS CROSS, LIMITED NOTES TO TrIE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2022 T•nglbl• Ilx•d Co&1 •xYaluthlon At 1 AUll￿t 2021 n8 Trnnsfer betheTh 8888ts .572.630 62.966 171.541 (234.607) 234107 549,n8 10,185.334 151318 At 31 ￿ty2022 9.Fr2.630 234.507 702.056 10.809.193 D•pr•clatlon and Imp•kn￿l At 1 August 2021 DepTr¢l•tk>n charged In thtry6ar ,177,073 158283 333.924 83.901 1.510.997 251281 11,197 At 31 Juty 2022 1.333,356 11,197 417,825 1,762,m At 31 Juty 2022 8.239274 223,310 2U4.231 8.746015 At 31 2021 Q395&67 215.814 8,874J37 L8nd and bLffldlngs wllh a ￿rry1￿j an￿Unt of £5.975.000 f•¥#h￿l at 17 2015 by Lang Lwlle Ltd, independ•rrt valwrn not fl￿net￿ed wlth th8 Charfty ￿ th• b￿% d mrkel value. SubJ•w•nt addllbns are atco8L At 31 July 2tr22. had the re￿1￿ 8Sse18 begn at hlsb)rfc cost less at%urnulatsd d•prerAblk>n 8Th1 accumulaled Imp8lm7•nt Iheir carrylng arnounl %￿Id httve approxknatsty £5.728.722 (2021 . £5,744,486). D•btors 2022 21121 Amourtsfalllng wmhln on• ymr. Sd)01orn •Kounl8 Othèrdeb*)ro 51,443 18ALKI 139,262 21.601 160.863 10 Lwm and ov•rdraft• 2021 k I¢￿6 1.421.283 1.522,073 Payable thln onè year Payablo after om year 130.439 1290,844 130.439 1.391,634 19-

ST MARY'S SCHOOL, GERRARDS CROSS. LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2022 (Cont"nu•dl The Bank ban. thlch Includes rolle&up hiterè8t. Is rep￿￿6 by ts•d NA￿lY wtskn•nts of £10.870 por rnonth untl the final rBP8ym8nt dats. 31 January 2038. whM •ny bo19n(x ￿ma1n[r¥ on tho a￿%)Unt I￿OrneS r•payable. Int•mt ￿ occnjod al lh• rote 011.84% otx>w boae r 11 Cr•dltm: •nM>unts f•lllng du• on• y•ar Bank ban8 Deferred IrMx>mo Trndo ¢redThorn 10 14 130.439 485,341 16.025 219.010 398.370 130,439 271.963 19.208 288.589 ruals 1247.185 1.049.141 12 Cr•dlDrn: •mwTht• falHn9 du• more th•Th on• y••r Bank loan8 1290.844 1.391.634 PM¥lslon•for Il•bMIII Rdrement benefft t)bllgatP)no 15 140.880 175,000 140.880 175,IILW) Deferred inlwng at 1 Awust Rel6as•d from previous yaars Res￿rCeS dgforr¢d kn the porkKI 271,963 1271,9631 486,341 239.035 (239.035) 271.9&1 D8fvff•d In¢x)mg al 31 July 485.341 271.963 DoffrThod Inr))Th￿ rnpr￿ts f••s ror*rved In advance. -20-

ST MARYS SCHOOL. GERRARDS CROSS. LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2022 The mojortty of the stsff pgrtkipate In one of p￿#1￿ xh•rnes'. Ihè T¢8th•r5' PeTr8kJn S¢hwn8 Er¥lond and Wot88 ITPSI for to#chlng and rekted Btaff; and the Flexlble RelFrem8nt non4•thlnu 8t8ff. T•ch•v•' P•n¥lon Sth•m• The TPS1g ￿ unl￿ded nwlUmployw defin￿ beneffts p•rdon gryrf•med tythe T￿ch￿l8. Pwolon Sceme Regu191h)ns 2014. l1wn￿rI ￿nt￿bUt¢ on a tray as you go. bas18 ¥Ath contsfbutlons frcth momb811 and tha rytyer ¢x6dW to the Exdi•quw. Rellrement and ¢th•r pemlon arg paid by p￿1 funds Pro￿ by P8rbment The empbyw rA)nId￿￿on rate Is Bet fdbwlng 5chwne v•lLMtknns Lw#larfaken by tho Gmrnment Departm￿￿ Th• ltttè8t adu8rW Valu8￿on of the TPS w prop8rJ as at 31 March 2016 thè v•hJat rel￿ was puMBhed In Septerthr 2018. The To•cl￿Tr, PorAkM Règuldoro 2010 requfve an annual acCoW￿ tho T￿cherS. PenBton Ntsruatlon Actourt. lo bg kept of rgc¥lpts and •XF4Thllkne 1 kncrnAs86). Fmm 1 Aprfl 2LX11. the Account has been wlth a r•01 rate ol f6tum. vthkh oquwerrt to •88umlng th#t the b8knnc• In th•Acc￿1n1lB In nouonal lnv68tTr￿ that prodU￿that rwl rnle ol Yelum. 8ch•m• ch•ng Tho kay provislor of thtr refomied scheme Impbmented frcffl 1 Aprf 2015 Inchth: o Pon￿0￿ basod on C•Teer averaqe pamlng$' an accr￿7 Tats of 1157th,. and • Nomwl P•nsion As equHI to State Pen81on •. bul vAth optbns lo enablfj m•mb•rs to reyre eArfier or latsr I￿n th8lr NonYAI Pon8lon Ago. Imptytsntty. pensjon beneffits bultt up txforn 1 Aprll 2015 VAII be fully prDtect•d. Fl•xlbh R•tlrnm•nt p The ￿rnpanY pArthdp8tes In the sthomo. 8 multiryemplwr scheme %thlch provkkn8 bonth to 80rne 37 nD assoclated empJoys. The Is 8 dofln8d benefft ¥cknme In th# UK. It b not po8sl>k for Ihg (xjfflpany to obtaln sufficlFnt In1(Kn￿n to onablo It tr> acxount for tM a d8fined bgnefft scheme. Th•tefore11 aG¢ounts lorthe stheme 88 J d8flned contribul¢n Scheme. The schenw b subc to Ihe fuThllng IAglqlBtT¢)n ouulnwj In the Penslons Ad 2004 thlch (m8 Into trGp on 30 December 21KJ6. Th18, logth Wbth docum8nts Issu•d by thè Pen¥lon8 R8gulotr and T0thnb￿ Aciuarfal Stsndard$ IS$￿ by the Flnancaal ReForUrvJ Coundl. Sel tho fram0v￿rk for fur#liry d8lln•d b8nefft occupatlonal pen$knn 8cPrns in th8 LK Thg ￿t￿me Is dassifd as a'L•st4Mn st•ndlrKJ mngernènv. Th#rgfor¢ th• Lwpgny 18 FOtertIaI￿ liablo for other Part￿pall￿g emplDyOrn' oLrfhJatkns tl those employers are un•bl¢ to meet th share (rf the schome dèlkR followlng w5thdrawal from tho schwme. Part￿￿n￿ erwoyern ere legaty requlr•d to me•t thdr sharn offv xh•m¢ deficit on an 8nnulty purdwe both on vAihdraw41 frnm thè sch•m•. Alun a(Jartal valuallon for Ihg thmè Ca￿1￿d out 0130 Sept•mb•r 2016. ThLg vAlu8lknn sho￿￿ •8sets 01£60.45m.118bkn of£8520m and a of£24.86m. Afull acbjarfal valuathn lor tho scheme was out gt 30 Sèptember 2019. Th18 ￿lUBt￿n Sh￿￿d usets 01£79rn.11oblM85 of £93.9m and a deldt of £14.9m. To •1ml￿ts thF8 fundtng 8hcrtlall, tho TnJ8t•• &$ked th8 p4rtldpatirvJ to poy addltonol corrtrfbutkTh toth•s¢ttom• 08 folows.. Dafitll Contrlbuii￿s f￿M 1 ￿1[ 2021 to mbèr 2027: £1.530.IKJO ￿r onnvm {PAyablo monthly 8rMI incre8sJng by 3% aronV18tA -21-

ST MARYS SCHOOL. GERRARDS CROSS. UMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FLWt THE YEAR ENDED 31 JULY2022 {Contlnu•d) The re￿ery plan (xnlrknthro aro allo￿t•d lo eath wttdpollry •mpbyer tn Ine I￿r eBlJrn•d •hw of th• 8chome118bhlltS88. thè Sc￿m0 b In d8fidt arnl whgr• th& CoM￿nY ha8 •gr••d to • deldt an8nggmbnt 11 mpany re(>Jwlses 8 1oblNty for kn Obl￿4119Th. Tho •mounl r•L>)gnked IS th9 llèt pl￿nt vakn of fv dofidt r•duGlon ￿n￿butionS pa￿bI9 under the agreemontthat r•lal•6 to th• dèfidl. fv prn80nt cglwlthd ￿￿ng tho 118r￿n1 rnte detallgd In ￿88 d16c4owrv•. Th• unwindry of thè dI￿￿1t th L8 1•c*y￿ed 85 a

ST MARY'S SCHOOL. GERRARDS CROSS, UMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JULY2022 15 R•llr•m•nt b•n•f •ch•m ICthrtlnu•d) K•ywwrytion8 DIKount rnt• 3.17 The dlEcount rAtDs shoTr al￿V8 the w￿￿￿lent ¥k¥le rnte8 whtch. LWI to drAurtth• I￿re rernvery plan ctintsibLrtbns ¢kn. woubj gl¥E the $8rn8 Yes￿1$ ots uslng a fullAA bond y18kl to d[s￿￿1th￿ sAmo rn¢0￿ry plan confrfbutkx Th ar￿L￿ts knclud8d kn IM boknce shaal orlElng fmm th• ChaW$ oblWlonB kn rn8PeCt of bon•lt pkns arn 0$ folkh¥8: Pruenl vatw d d•fined b•nofft obloavo 140WO 175.( D•ficl In sch•m• 140,880 175.fy)0 PRESENT VALUE OF PROIfjSION 2022 Pr•8entva￿8 of pyovlslon 140WO 174.977 RECONCIUATION OF OPENING AND CLOSING PROVJSIONS 2021 PrOVtsk￿ at start of p•rbd Unwlndlng of ttr discountf8¢tor {Int•re8t expense) DefKit contrl>utbn paid Rem•asurements- Imp8Ct ol charvJe In a88umpllo Rwnga8urernert8. thendmonts to th& oontrbulion 8thedul8 P￿￿￿ at end of pertDd 174.977 2.99B 1,917 (28,160) {3781 (61.400) 174,9n (8.499) 140.880 WCOME AND EXPENDrruRE IMPACT 1,348 1&499) 1,917 (378) R￿m￿￿Tem￿rt3- Iny•cl ofary d￿nge in 888umpVon8 Includ￿ defined contfftjutlon 8cerno5 ond fuluro seN¢e corrtrfbuUon8 0,•. •xckK4ng •ry defflctt rnduGI p￿efttsl to (Wlned bfyrnfil sch•m&s vh) •rn trt•led a8 delkned Lnlrfbutl)n To ￿ ￿MPleted by com￿1￿.

ST MARYS SCHOOL, GERRARDS CROSS, LIMITED NOTES TO TrIE FINANCIAL STATEME1￿s {CONTINUED) FOR THE YEAR ENI>ED 31 JULY2022 15 R•drnrn•rt b•n•fit xh•m•¥ IContlnu•d) DEFICIT CONTrIBUTIONS SCHEDULE Y•8rondlnll 31 Juty 2022 31 Juty 2021 31 ￿ly2 Y•gr 1 27,7SS 28,087 29.189 y￿r2 27,755 Year 3 29.446 28,587 30967 Ye•r 4 30.328 29,445 31096 Year 5 31,ZJ8 30.328 32053 Yoar 6 31,238 6.309 Year 7 34.B54 31899 Yw9 Tho c<>mP￿Y must re(y)gth • hblllty m8aBumd 80 th• pr¢s•nt valu• of thè cantrtbth8 psyable th8t se fr(Yn the defidl recthèry ogrèèment gnd tho rnSU￿ng expense In tho Inc4xn• and gxp•rvj￿r• account Le.th8 U￿￿ndIng ofthe thcoLmt raty as • fffjn￿ CLWt In ts pertod In whkh tt rns. It 1$ that havo bo•n us•d to d8ThM tho c1xnp￿￿s Èden￿ ¥h••t l•blMy. 16 R•strl¢l•d fund T￿ Income funog of the tharity In¢lud• Testrlrt•d funds ¢omprf8lng f¢lltylng unexp•n¢knd bAIAnc*J of don5t￿nS and grnnts hehj on tNst for pwposes: In funds In fund# Bthne• #t 1 Awgu•t l Auyt r••wu• 31 July202Z 1.080 760 1.000 Swts awartl Genoral 750 79) 2.830

ST MARYS SCHOOL, GERRARDS CROSS, LIMITED NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 JULY 2022 fund• 2022 lunds 2022 2021 Fund bAlances al 31 Juty 2022 reprn$8nW by. 8.746.815 1.162.107 (1290.8441 8,746.815 8.874,337 Z830 1.164,937 989.996 {1.290.8H) {1,391,6341 8.674.337 Z830 992.628 11J91.634) Currenl awtsl(IlabllNl•s) Long lomi lJabF15flF¥ Pro￿k)n$ and penslonj (140,880) 1140.880) {175,000) (176,0(M)) 8.477.198 2,830 8,480.028 8,097.699 2.830 8.100,529 18 Op•ratlni l•a8• ¢ommltmDnla At thè reporung end dat8 the ChBT#y had cart8tandirg commlknents forfuture mInIm￿n104?e payn￿tr undgr nDllvranc•llable opor#tkng l•eses. wN¢h fou as foll)￿. Wrthln one yoar 45.rn 111129 33.333 144,474 183.897 17T.807 19 R•l•t•d p•rty tr4nsactloM Trans•clloMwllh rnl•t•d ￿rtI DurfThJ tho yearlhe Charity entered Into tho folivw]rw tr8nBaLthnF wrflh rn18t•d parf•' On• govemor, Ctmtord. worf(8 o¢ush)n•ty for the 8ch(h)1 85 a JupFty t•8ctrr 8t a mwket th of rémun•rkllo -25-

ST MARYS SCHOOL. GERRARDS CROSS, UMITED NOTES TO THE FINANCIAL STATEMEKrs (coKriNUED) FOR THE YEAR ENDED 31 JULY 2022 C••h g•neratsd fmm op•r•tlons Surplus fcrfth&￿r 345,379 2e8,951 Adjustm￿ts tr. Inveslment Incnme Mccgrlsed In 8tat6mgnt of fina￿thI pctfvtY•s D•prodatlon wwj impJkn)•rtrfknglble Ilx•d 80801$ (1,0751 251.381 (1201 Movamgnts lTrworkthg ¢HFaat 91,020 {15.334) 213,378 326,955 77,425 (D￿r#I8$Y1￿￿oa89 In In(¥ea88 In dof6rred Incixne 884,749 926,785 21 And￿￿ ofchabw In n•t funds Al 1 Auou$12D21 Cuh At31 J3022 Cash •1 *Y In hond 1.881,104 401,175 2,342,279 Loans tsllh)g dw on• Loans f8llirvJ dye afteT njxe th•n ¢￿e year 1130.439) (1W1.634) (130.439) I￿.T￿l (1,290.844) 359,031 561.965 20.996