BRGS FUNDRAISING TRUST
BRGS FUNDRAISING TRUST
UNAUDITED TRUSTEES, REPORT
AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
Charity Number:
1096838

BRGS FUNDRAISING TRUST
INDEX
Page
Trustees, Report
Independent Examinerfs Report
Statement of Financial Activities
Balance Sheet
Statement of Cash Flows
10
Notes to the Financial Statements

BRGS FUNDRAISING TRUST
BRGS Fundraising Trusfs objective, in the Borough of Rossendale. is to promote
education and, in particular, to provide financial assistance towards the maintenance
and development of Bacup and Rawtenstall Grammar School for the beneflt of its
students.
Trustees. Report
The trustees are pleased to present their Report and financial statements for the BRGS
Fundraising Trust for the year ended 31 August 2024.
Annual Review 2023-24
This year has seen a significant donation of £300kfrom the estate of an ex-alumni. In addition,
smaller contributions are from the parents of current students and alumni support with monthly
or one-off donations to the school. The Trust fvnd also benefits from monthly dividend interest
payments from investments.
Aims 2024-25
The Trustees continue to review how the BRGS Fundraising Trust can best meet rts Objects
of providing assistance towards the maintenance and development of BRGS, and providing
scholarships, bursaries and prizes to pupi18 and former pupils of the school.
Reference and administrative infonnation
The BRGS Fundraising Trust is registered with the Char￿Y Commission under registration
number 1096838. The registered address for the Trust is:
Bacup and Rawtenstall Grammar School
Glen Road
Waterfoot
Rossendale
Lancashire
BB4 7BJ.

BRGS FUNDRAISING TRUST
Trustees. Report (continued)
Details of the BRGS Fundraising Trust's trustees and others supporting the Trust are listed
below:
David Cain - Trustee
James Johnstone - Chaimian of the Trust, Principal & School Govemor
Peter Tery - Trustee & Vice Chair of the BRGS Goveming Body
Donna Rawding - Trustee & Chair of the BRGS Goveming Body
Malcolm white - Trustee
Suzanne Taggart - School Business Manager
The trustees consider that they comprise the key management personnel of the Twst.
Bank..
Natwest plc
28 Bank Street
Rawtenstall
Rossendale BB4 8TS
Mark Sunter FCA:
Ainsworths Ltd
Charter House
Stansfield Street
Nelson
BB9 9XY
Charity law requires the trustees to prepare financial statements for each financial period
which give a true and fair view of the state of affairs of BRGS Fundraising Trust and of the
income and expenditure of the Trust for that year.
In preparing these financial statements the trustees are required to:
Select suitable accounting policies and apply them consistently
Make judgements and estimates that are reasonable and prudent
Follow applicable accounting standards, disclosing and explaining any departures in
the financial statements
Prepare the financial statements on the going concern basis unless it is inappropriate
to presume that the Trust will continue in operation.
The trustees are responsible for maintaining proper accounting records which disclose with
reasonable accuracy at any time the financial position of BRGS Fundraising Trust and enable
them to ensure that the financial ststements comply with relevant law. They are also
responsible for safeguarding the assets of the Trust and hence for tsking reasonable steps for
the prevention and detection of fraud and other irregularities.

BRGS FUNDRAISING TRUST
Trustees, Report (continued)
Structurei governance and management
BRGS Fundraising Trust is govemed by its Declaration of Trust dated 30 March 2001,
amended by a resolution dated 41h November 2016, and is registered as a charity with the
Charity Commission. Vvhen complete it comprises of 7 persons being:
3 ex-officio trustee(s) - Headteacher, Chair of Govemors and Chair of the Finance sub
commrttee
2 nominated trustee(s); and
2 co-opted trustee(s).
Each appointment shall be for a term of 4 or 5 years depending on whether nominated or co-
opted. Trustees are sought through recommendation from existing trustees and supporters.
Potential trustees would be interviewed before being proposed as a trustee and all new
trustees would be required to undertake an induction programme and undergo a structured
introduction to the operation of the charity.
Full Board of Trustee meetings are held annually and agree major areas of policy, review
performance and decide forthcoming key obj'ectives. Presentations made during the school's
governing body meetings keep BRGS Fundraising Trust trustees infonned about the work of
the charity and about latest developments in the charity sector
Principal risks
The principal risks facing the Trust are".
Changes in the economic climate reducing the capacity of parents and alumni to make
donations:
Failure to identrfy projects that appeal to donors:
Donor perception of a conflict of interest between the trustees and the govemors of
the school.
BRGS Fundraising Trust has a risk management policy to ensure that there is ownership of
risks, that risks and pro￿sseS are assessed on a regular basis and suitable countenneasures
are implemented. The key risks identified for the BRGS Fundraising Trust have been recorded
in a document titled 'Risk Assessment for Fundraising Development,. This details the scope
of each risk and action taken to mitigate that risk.
Objectlves
BRGS Fundraising Trust's first objective is to promote education and, in particular, to provide
financial assistance towards the maintenance and development of Bacup and Rawtenstall
Grammar School for the benefft of its students and the local community. The Fundraising
Trust's Second objective is Ihe creation of scholarships. bursaries or prizes to be awarded to
pupils, and former pupils, of Bacup and Rawtenstall Grammar School..
Public benefit
The trustees have had regard to the Charity Commission's guidance regarding public benefit
and consider the Trust meets the Charity Commission's public benefit criteria under the
heading of advancement of education.

BRGS FUNDRAISING TRUST
Trustees, Report (continued)
Achievements9 perlonnance and future plans
Achievements for the period in meeting our objectives and future plans are set out in the
Annual Review.
Fundraising activitles and financial revlew
Total income stood at £315,318. These funds were generated through the generosity of friends
of the school through monthly and single gits and also a significant donation from the estate
of an ex-alumni towards the BRGS Fundraising Trust.
Reserves
BRGS Fundraising Trust holds funds in anlicipation of supporting capital projects to be
undertaken by the school. Funds are transferred whenever required from the Fundraising
Trust to the BRGS school account to fund major school development projects as well as any
projects that may be identified from the Annual Fund.
The Trust held revenue fund balan￿S at 31 August 2024 of £536,380. Trustees plan to utilise
these funds in line with the charitable objects of the Trust.
Invesknent powers and perfomiance
Investments a￿ held in cash funds in a high interest account.
Pensions
BRGS Fundraising Trust does not operate a pension scheme.
Peter Terry
Trustee, BRGS Fundraising Trust
Date:111h December 2024
We should like to thank everyone who has helped BRGS Fundraising Trust by donating
both their time and their money. Your support has enabled us to strive towards
providing the best possible teaching and learning environment for students at BRGS.
Thank you.

BRGS FUNDRAISING TRUST
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BRGS FUNDRAISING
TRUST
I report on the financial statements of BRGS Fundraising Trust for the year ended 31 August
2024, which are set out on pages g to 17.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the financial statements. The
charrty's trustees consider that an audit is not required for this year under section 144(2) of
the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
examine the financial statements under section 145 of the 2011 Act;
ft)Ilow the procedures laid down in the general Directions given by the Charity Commission
under section 145(5)(b) of the 2011 Act-, and
state whether particular matters have come to my attention.
This report, including my statement, has been prepared for and only for the charty's trustees
as a body. My work has been undertaken so that I might state to the charity's trustees those
matters l am required to state to them in an independent examinerfs report and for no other
purpose. To the fullest extent permitted by law. I do not accept or assume responsibility to
anyone other than the charty and the charity's trustees as a body for my examination work,
for this report, or for the statements I have made.
Basis of independent examinerfs report
My examination was carried out in accordance with the general Directions given by the Charity
Commission. An examination includes a review of the accounting records kept by the charity
and a comparison of the financial statements presented with those records. It also includes
consideration of any unusual items or disclosures in the financial statements, and seeking
explanations from you as trustees conceming any such matters. The procedures undertaken
do not provide all the evidence that would be required in an audit and consequently no opinion
is given as to whether the financial statements present a Irue and fair view, and the report is
limited to those matters set out in the statement below.

BRGS FUNDRAISING TRUST
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BRGS FUNDRAISING
TRUST {¢ontinued)
Independent examinerfs statement
Since the Trust's gross income exceeded £250,000 the examiner must be a member of a body
listed in section 145 of the 2011 Act. I confim that l am qualified to undertake the examination
because l am a member of the Institute of Chartered Accountants in England and Wales,
which is one of the listed bodies
In connection with my examination, which is complete. no matters have come to my attention
which give me reasonable cause to believe that in any malerial respect:
accounting records were not kept in respect of BRGS Fundraising Trust in accordance with
section 130 of the 2011 Act: or
the financial statements do not accord with those records" or
the financial statements do not comply with the applicable requirements concerning the
fomi and content of financial statements set out in the Charities (Accounts and Reports)
Regulations 2008 other than any requirement that the financial statements give a 'true and
fairf view which is not a matter considered as part of an independent examination.
I have no GOn￿rn$ and have come across no othermatters in connection with the examination
to which, in my opinion, attention should be drawn in order to enable a proper understanding
of the financial statements to be reached.
Reporting Accountant
Mark Sunter FCA
Ainsworths Ltd
Charter House
Stansfield Street
Nelson
BB9 gxy

BRGS FUNDRAISING TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 AUGUST 2024
Unrestricted
Funds
2024
Total
Funds
2024
Total
Funds
2023
Notes
Income and endowments from:
Donations and legaaes
309.733
309,733
3,111
Investments
Total
315318
315 318
Expenditure on:
Raising funds
Charitable activities
796
Total
796
Net income
10
315,311
315,311
4,252
Total fvnds brought forward at 1
September 2023
221,069
221.069
216,817
Total funds carried forward at 31 August
2024
536,380
536,380
221,069
The charity's income and expenditure are all unrestricted and all relate to continuing
operations during the two financial periods.
The Gharity has no recognised gains or losses other than the above.
The notes on pages 11 to 16 fonn part of these financial statements.

BRGS FUNDRAISING TRUST
BALANCE SHEEr
AS AT 31 AUGUST 2024
Charlty number: 01096838
Notes
2024
2023
CURRENT ASSETS
Debtors
588
588
Cash at bank and in hand
537 137
221,826
537,725
222,414
Creditors: Amounts due within one year
1,345
NET CURRENT ASSErs
536 380
221,069
TOTAL ASSETS LESS CURRENT LIABILrfiES
536,380
221,069
NET ASSErs
536.380
221,069
FUNDS
Unre8tricted funds
10
536.380
TOTAL FUNDS
10
536,380
221,069
The notes on pages 11 to 16 fomi part of these financial statements.
The financial statements were approved by the Trustees on
behalf by
and signed on their
Peter Tery
Trustee, BRGS Fundraising Trust

BRGS FUNDRAISING TRUST
STATEMENT OF CASH FLOWS
AS AT 31 AUGUST 2024
Notes
2024
2023
Cash flow from operating activities
Net cash provided by operating activities
11
309,726
3,842
Cash flows from investing activities
Interest received
5.585
1,937
Change in cash and Gash equivalents In the
reporting period
315.311
5,779
Cash and cash equivalents at 1 September 2022
221,826
216,047
Cash and cash equivalents at 31 August 2023
537,137
221,826
The notes on pages 11 to 16 form part of these financial statements.

BRGS FUNDRAISING TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
ACCOUNTING POLICIES
Goneral Infomiation
BRGS Fundraising Trust (Ihe charity,) is a charity registered in England and Wales.
The address of its registered office is:
Bacup and Rawtenstall Grammar School
Glen Road
Waterfoot
Rossendale
Lancashire
BB4 7BJ.
The principal purpose of the charty, in the Borough of Rossendale, is to promote
education and, in particular, to provide financial assistan￿ towards the maintenance
and development of Bacup and Rawtenstall Grammar School for the benefit of its
students.
The financial statements are prepared in sterling which is the functional currency of
the charity and rounded to the nearest £.
Basls of Preparation
The financial statements have been prepared under the historical cost convention in
accordance with the Financial Reporting Standard applicable in the UK and Republic
of Ireland (FRS 102), the Accounting and Reporting by Charities: Statement of
Recommended Practi￿ applicable to charities preparing their accounts in accordance
with the Financial Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102) (Charities SORP (FRS 102)), and the Charities Act 2011.
A summary of the principal accounting policies, which have been applied consistently,
except where noted, is set out below.
BRGS Fundraising Trust meets the definition of a public benefit entity under FRS 102.

BRGS FUNDRAISING TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
ACCOUNTING POLICIES {continued)
Going Concern
The charity's activities. its perfomiance and financial position are set out in the
Trustees, Report on pages 2 to 5.
The trustees have a reasonable expectation that the charity has adequate resources
to continue in operational existence for the foreseeable fvture. They, therefore,
continue to adopt the going concem basis of accounting in preparing the financial
statements.
The trustees consider there are no material Un￿rtaIntieS about the charity's ability to
continue in operational existen￿ for the foreseeable future, being a period of not less
than 12 months from the date of signature of these financial ststements.
Income
All income is recognised when the charity has entitlement to the funds, the receipt is
probable and the amount can be measured reliably.
Donations are recognised on a receivable basis where the receipt is probable and the
amount can be reliably measured. Income is deferred only when the charity has to fulfil
future services and obligations.
Expendlture
Expenditure is included in the Statement of Financial Activities on an accruals basis.
Costs of raising funds are those costs incurred in attracting voluntary income.
Charitable activities are those costs directly relating to the Trust's charitable objectives,
primarily grants to Bacup and Rawtenstall Grammar School. Governance costs are
those costs incurred relating to statutory requirements.
Interest Receivable
Interest receivable is recognised in the year it is receivable.
Debtors
Short term debtors are recognised on amounts invoiced but not yet paid, together with
payments in advance.
Cash at Bank and in Hand
Cash at bank and cash in hand includes cash and short tenn highly liquid investments
with a short maturity of three months or less from the date of acquisition or opening of
the deposit or similar account.

BRGS FUNDRAISING TRUST
NOTES TO THE FINANCIAL STATEMEKrs
FOR THE YEAR ENDED 31 AUGUST 2024
AccouKfiNG POLICIES (continued)
Liabilities
Liabilities are recognised when there is an obligation at the balance sheet date as a
result of a past event, it is probable that a transfer of economic benefit will be required
in settlement, and the amount of the settlement can be estimated reliably. Liabilities
are recognised at the amount that the charity anticipates it will pay to settle the debt or
the amount it has received as advanced payments for goods or servi￿8 it must
provide.
1.10 Financial Instruments
The charity only has financial assets and liabilities of a kind that qualify as basic
financial instruments.
1.11 Taxation
The Trust is exempt from tax on its charitable a¢tNities.
1.12 Fund Accounting
General funds are available for use at the discretion of the trustees in furtherance of
the general objectives of the charity.
Restricted funds are subject to specific restrictrve conditions imposed by donors. The
purpose and use of any restricted funds are set out in the notes to the financial
statements.
CRITICAL ACCOUNTING JUDGEMENTS AND KEY SOURCES OF ESTIMATION
UNCERTAINTY
The preparation of the financial statements requires management to make
judgements, estimates and assumptions that affect the amounts reported for assets
and liabilities at the balance sheet date and the amounts reported for reserves and
expenses during the year. However, the nature of the estimation means that the actual
outcomes could differ from the estimates. The trustees believe that there are no critical
accounting policies where judgements or estimates are necessarily applied.
DONATIONS AND LEGACIES
Unrestricted
Funds
2024
Restricted
Funds
2024
Total
2024
Total
2023
Donations
309,733
309.733

BRGS FUNDRAISING TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
INVESTMENT INCOME
Unrestricted
Funds
2024
Restricted
Funds
2024
Total
2024
Total
2023
Short term deposit interest
5,585
1,937
CHARITABLE ACTIVITIES
Total
2024
Total
2023
Govemance costs
796
796
BRGS refers to Bacup and Rawtenstsll Grammar School.
EXPENDITURE
Expenditure for the year ended 31 August 2024 is as follows:
Other
direct
costs
Other
allocated
costs
Staff
costs
Total
2024
Expenditure on raising
funds
Charitable activities:
Allocated support costs
Expenditure for the year ended 31 August 2023 is as follows..
Other
direct
costs
Other
allocated
costs
Staff
costs
Total
2023
Expenditure on raising
funds
Charitable activities:
Allocated support costs
796
796
796
796

BRGS FUNDRAISING TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
EXPENDITURE (continued)
The key management of the trust comprises the Trustees.
None of the Trustees received any remuneration or reimbursed expenses in either
period.
BRGS refers to Bacup and Rawtenstall Grammar School.
Net income for the year is after charging:
2024
2023
Fees payable for independent examination:
Independent examination fee
750
750
DEBTORS
2024
2023
Other debtors
588
588
ANALYSIS OF CASH
2024
2023
Cash in hand and at bank
221,826
No amounts were held on deposit in either period.
CREDITORS (AMOUNTS DUE ￿THIN ONE YEAR)
2024
2023
Amounts owed to connected paty
Accruals
595
750
595
750
1,345

BRGS FUNDRAISING TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024
10
MOVEMENT IN FUNDS
At1
September
2023
At31
August
2024
Income
Expenditure
Unrestricted Funds:
General funds
221,069
315,318
Total Funds
221,069
315,318
11
RECONCILIATION OF NEf INCOME TO NET CASH FLOW FROM OPERATING
ACTIVITIES
2024
2023
Net movement in funds
Adjusted for:
Interest receivable
Decreasel(increase) in debtors
Increasel(decrease) in creditors
315,311
4,252
(5,585)
(1,937)
739
788
Net cashflows from operating activrties
309 726
3,842
There were no cash flows from financing activtties in either period.
12
RELATED PARTY TRANSACTIONS
Related party transactions which took place in the year were solely in relation to
donations from Trustees. The aggregate value of these donats'ons for the year ended
31 August 2024 were £600 (2023- £600).
Two of the BRGS Fundraising Trust Trustees are Governors of Bacup and Rawtenstall
Grammar School.