## ## ## ## ## ## ## ## ## |||Mrs L Brealy (Retired 2 October 2019)| |---|---|---| |||Mr K Feeny (Retired 5 March 2020)| |||Mrs K Garrett-Cox| |||Mr C Sillars| |||Mrs A Brooks| |||Mrs M Johnson| |||Mr P Southwell (Appointed 1 October2019)| |||Mrs L Miles (Appointed 1 October 2019)| |||Mr S Mitchell (Appointed 1 October 2019)| |Address||St Mary’s School Ascot| |||St Marys Road| |||Ascot| |||Berkshire| |||SL5 9JF| |Auditors||Crowe U.K. LLP| |||Aquis House| |||49-51 Blagrave Street| |||Reading| |||Berkshfre| |||RG1 1PL| |Bankers||Lloyds TSB Bank Plc| |||10 High Street| |||Bracknell| |||Berkshire| |||RG12 1BT| |Investment|Managers|Charles Stanley & Co. Limited| |||55 Bishopsgate| |||London| |||EC2N 3AS| # ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## **DocuSign Envelope ID: 19E 11 DA4-F59A-4C8D-B9BC-42 EA 1 F683063** ## Crowe /;\ ## **INDEPENDENT AUDITORS' REPORT TO THE TRUSTEES' OF ST MARY'S SCHOOL ASCOT CHARITABLE FUND (CONTINUED}** ## **Auditor's responsibilities for the audit of the financial statements** We have been appointed as auditor under section 145 of the Charities Act 2011, and section 44(1)(c) of the Charities and Trustee Investment (Scotland) Act 2005 and report in accordance with the Acts and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. 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 charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees 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 charity and the charity's trustees 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 Aquis House 49-51 Blagrave Street Reading Berkshire RG11PL ## **Date: 16 March 2021** Page 7 ## |||UnreslHcted|Expendable||| |---|---|---|---|---|---| ||Note|General|Endowment|Total|Total| |||Fund|Fund|2020|2019| |||£|£|£|£| |INCOME FROM:|||||| |Awards:|||||| |St Mary’s School Ascot||-|50.000|50,000|50,000| |Parents of St Mary’s School Ascot|||343000|343,000|-| |Investments||142 41|-|142,411|155.200| |Total income||142.411|393.000|535,411|205.200| |EXPENDITURE ON:|||||| |Raising funds|||||| |Investment manager’s fees||-|22,764|22,764|22,784| |Charitable activities|||||| |Scholarships and bursaries|7|150.000|-|150,000|150,000| |Support costs|3|2,472|-|2,472|2,400| |Total expenditure||152,472|22.764|175,236|175 184| |Net income before nvestment||(10.061)|370,236|360,175|30,016| |gains|||||| |Net (losses)/gains on investments|4|-|(376.024)|(376,024)|46.338| |Net Income||(10.061)|(5.788)|(15,849)|76.354| |Transfer be:ween funds|5|10.061|(10,061)|-|-| |NET MOVEMENT IN FUNDS||-|(15,849)|(16,849)|76,354| |FUNDS BROUGHT FORWARD||-|4,006,426|4006,426|p930.072| |FUNDS CARRIED FORWARD||-|3,990,571||4,QQ..6A26| DocuSign Envelope ID 19E11 DA4-F59A-4C8D-B9BC-42EA 1 F683063 ## **ST MARY'S SCHOOL ASCOT CHARITABLE FUND BALANCE SHEET YEAR ENDED 31 AUGUST 2020** |Note
**FIXED ASSETS**
Investments
**4**
**CURRENT ASSETS**
Cash at bank
Cash held by Charles Stanley
Debtors
6
**CURRENT LIABILITIES Amounts falling due**
7
**within one year**
**NET CURRENT ASSETS**
**NET ASSETS**
**FUNDS**
- Unrestricted general fund
- Endowment/capital fund|**2020**
£
**3,559.870**
**2,992**
**87,187**
**343.000**
**433,179**
**(2,472}**
**430,707**
**3,990.57 **
**3,990.577**
**3,990 51**|_2019_
_3.912.639_
_1,915_
_94,272_
_96,187_
_(2,4001_
_93 787_
_4.006.426_
_4,006,426_
_4.00[426_| |---|---|---| The financial statements were approved and authorised for issue by the Trustees on 11 March 2021 and were signed below on its behalf by: Mrs K Garrett-Cox Chair The accompanying notes on page 10 - 14 form part of these financial statements. Page9 ## ## ## ## ## ## ## ## # ## ## ## ## ## ## ## # ## ## |SUPPORT COSTS||||| |---|---|---|---|---| |||2020||2019| |||£||£| |Governance costs||||| |Audit Fee||2,472||2.400| ||£|2.472|£|24QQ| ## |FIXED ASSET INVESTMENTS||| |---|---|---| ||2020|2019| ||£|£| |Stocks, Shares, Cash and Unit Trusts||| |Market Value at 1 September|3,912,639|3.63&960| |New funds invested|50,000|50.000| |Withdrawals, Management and Custody fees|(26,745)|(22,659)| |and difference on foreign exchange accounts||| |Net (losses)f gains on revaluation|(376.0241|46,336| |Market Value at 31 August|359.870|3,912.639| |Cost of investments (including cash) at 31|£2895396|193| |August 2020 was||| ## ## |The investment portfolio is made up as follows|The investment portfolio is made up as follows|2020|2019| |---|---|---|---| |||£|£| |Fixed Interest|||| |-|UK Fund|77,402|80,156| |-|Other|540,983|505,035| |Equities||1,240,425|1.739,929| |Investment|and Unit Trusts|1,689,989|1,478,154| |Cash||11,070|109,365| |||£3.5.91Th|£3,91Z639| ## ## |||2020||2019| |---|---|---|---|---| |||£||£| |Amounts due from St Mary’s School Ascot||343,000||| ||£24L||£|-| |CREDITORS: Amount falling due within one year||||| |||2020||2019| |||£||£| |Accruals||2.472||2.400| ||£.|2.472|£|2.400| ## ## ## ## |10.
PRIOR YEAR COMPARATIVES B|Y FUND||| |---|---|---|---| ||Unrestricted|Expendable|| ||General|Endowment|Total| ||FLIcK]|Fund|2019| ||£|£|£| |INCOME FROM:|||| |Awards:|||| |St Mary’s School Ascot||50,000|50,000| |Investments|155,200||155.200| |Total income|155.200|50.000|205.200| |EXPENDITURE ON’|||| |Raising funds|||| |Investment managers fees|-|22.784|22.784| |Charitable activities|||| |Scholarships and Bursar/es|150.000|-|150,000| |Support Costs|2.400||2.400| |Total expenditure|16Z400|22164|_... .175,164| |Net income before investment gains|2.800|27.216|30,016| |Net gains on investments||46.338|46,338| |Net Income|2,800|73554|76,354| |Transfer betwee?? funds|(2.800)|2.800|| |NET MOVEMENTIN FUNOS|-|76,354|76,354| |FUNDS BROUGHT FORWARD||3.930072|a930.072| |FUNDS CARRIED FORVVARD||4,006.426|4.006:426|