Charity Number: 1142061 LANCASTER GIRLS, GRAMMAR SCHOOL FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024
LANCASTER GIRLS, GRAMMAR SCHOOL FUND Contents Page OITic¢rs and Professional Advisers Trustees Report Independent Examiner's Report Statement of Financial A¢tiviti¢s Balance Sheet Notes to the Financial Statements 10-15
LANCASTER GIRLS, GRAMMAR SCHOOL FUND OFFICERS AND PROFESSIONAL ADVISERS Trustees Mr C P Beard Mrs S K Bain Mrs S Hodgson Headte&¢her Mr C P Beard Administrator Ms C Gillies Registered Office Regent Street Lancaster LAI ISF AccountAnts CWR Chartered A¢countants 20 Mannin Way Lancast¢r Business Park Calon Road Lancaster LAI 3SW Bankers Lloyds TSB 49 Mark¢t Str¢¢t Lancaster LAI IJH Solieitors Veale Wasbrough Vizards Or¢hard Court Orchard Lane Bristol BSI SWS
LANCASTER GIRLS, GtL4MMAR SCHOOL FUND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2024 The Trustees present iheir annual report along with the Financial Statemenis for the year ended the 31. August 2024. The financial statements have been prepared in accordance with accounting policies set out in the notes to the accounts and comply with the Charities A¢t 2011 and Accounting and Reporting by Charities.. Statement of Recommended Practice appli¢able to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). Administrative Information The Lancasler Girls, Grammar School Fund is a registered charity (No. 1142061) with the Charities Commission. The charity wa5 fornied on th¢ 24th May 2011. The Trustees, administrators and professional advisers are listed on page 3. The object of the charity is to advance the education (including social and physical training) of students at the Lancaster Girls, Grammar School (LGGS). Structure, Governance and Management The charity is connected with the Lancaster Girls, Grammar School, which has been an academy school since the I" January 2011. The instrutnent of governance of the school provides for the Trustees to sit on the governing body of the school. The Trnstees are responsible for the overall management of the ¢harity. Policies and procedures are in place for the indu¢tion and training of new Trustees. However, in recognition of the experience which is evident amongst the current Trustees, there are no plans for the tr&inin8 of Trustees at present. The Trustees are aware that if the need arises. they will of course arrange such training to be carried out. The governance of th¢ s¢h¢)ol's activities is vested with the Governing Body who discharge their duties in accordance with governmeni legislation. Risk Management The Board of Trustees is responsible for the management of risk faced by the charity. As the objerfs are to support th¢ school, th¢ significant risks lo the charity arise from the school's day to day operation. The Trustees, through overview of the Governing Body, ensures that risks are identifi. assessed and conlrols introduced as required. The Trustees examine the major risks that the charity faces each financial year lo ensure the Continued success of the school and hence the charity.
LANCASTER GIRLS, GRAMMAR SCHOOL FUND REPORT OF THE TRUSTEES (Cont'd) FOR THE YEAR ENDED 31ST AUGUST 2024 Objects, Aims and Activities The object of the charity is to assist the Governors of Lancaster Girls. Grammar School in advancing the education of pupils at the Lancaster Girls, Grammar School. With this objective the charity aims to improve the standard of education provided by the school by assisting in the provision of facilities and to support activities which are designed to enhance the all-round development of pupils. The principal activity of the charity during the year was to run d¢velopmenl appeals to rdise monies in support of the objectives of the charity. When planning the activities for the year, the Trustees have considered the Charity Commissions guidance on Public Benefit. Application of Income During the accounting year £1 18.832 has been applied to a range of costs and bursaries for the studenls of Lan¢ast¢r Girls, Grammar School. Financial Review and Investment Policy During the year the charity contributed towards various costs of the school. This included a contribution of £15,000 towards counselling cost5 and contributions totalling £85,000 towards the One-to-one device programme. This is scheduled in note 2 to the accounts. The charity made paytnents in excess of its income totalling £60,434 in the accounting year which together with the brought forward fund balance of £527.329 give5 the Charity a totsl reserve balan¢¢ of £466,895 at the end of th¢ a¢counting y¢ar. The charity's policy is to place available funds in low-risk investments and to ensure funds ar¢ ¢asily accessible should they be required for school projects.
LANCASTER GIRLS, GRAMMAR SCHOOL FUND REPORT OF THE TRUSTEES (Cont'd) FOR THE YEAR ENDED 31ST AUGUST 2024 Re5erve5 Policy Net assets as al 31S1 August 2024 were £466,895. Of these funds £40,388 are restricied for specific projects as detailed in the notes lo the accounts. The remainder fortns an unrestricted fi]nd and these funds can be directed to projects in line with the objeclives of Ihe ¢harity at the discretion of the Trustees. Future Plan5 The charity aims to continue to generate funds from appeals and to continu¢ its policy of improving th¢ general school building5 and to aid pupils who require assistance to develop their maximum w)tenlial. Accounting and Reporting Responsibilities of the Trustees The Trustees are responsible for preparing the Trustees. Report and the financial 5taletnents in accordan¢¢ vitli applicable law and United Kingdom Accounting Standards including Financial Reporting Siandard l 02: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Pra¢tic¢). The Charities Act requires the Trust¢es to prepare financial statem¢nt5 for each financial year which give a true and fair view of the state of affairs of ihe charity and of the incoming resources and application of resources, of the charity for that period. In preparing these financial statetnents. the Trustees are required to: • select suitable accounting policies and then apply them consistently) make judgements and accounting estimates that are reasonable and prudent- observc th¢ methods and principles in the Charilies SORP. state whether applicable a¢counting standards have been followed, subject to any materiel departures disclosed and explain¢d in the financial statements. and + prepare ihe financial statements on the going Concern basis unless it is inappropriate to presume that the charity will continue its activities. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and ¢xplain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure thai the financial statements comply wilh the Charities Act 2011, the applicable Charity (Accounts and Reports) Regulations and the provisions of the Trust Deed. The Trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable sleps for the prevention and detection of fraud and oiher irregularities. Signed by order of the Trustees Mrc P Beard Approved by the Trustses on the 13th June 2025
LANCASTER GIRLS, GRAMMAR SCHOOL FUND INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LANCASTER GIRLS, GRAMMAR SCHOOL FUND FOR THE YEAR ENDED 31ST AUGUST 2024 Independent examiner's report to the Trustees of Lancaster Girls, Grammar School Fund report to th¢ Trustees on my exatninalion of the accounts of Lancaster Girls, Gratntnar School Fund (the Trust) for the year ¢nd¢d 31st August 2024. which are set out on pages 8 to 15. Responsibilities and basis of report As the cliai'ity Trustees of the Trust, you are responsible for the preparation of the ac¢ounts in accordance with the requirements of the Charities Act 2011 ('the Act,). J report in respect of my examination of the Trustee's accounts carried out under section 145 of the 201 l Act and in carrying Out my examination I have followed all the applicable Directions given by th¢ Charity Commission under section 145{5)(b) of the 2011 Act. Independent examiner's statemeDt I have completed my examination. I confirm thai no material matters have come to my attention in connection with the examination giving me cause to be5i¢ve that in any material respect: { l ) accounting records were not kept in respect of the Trust as required by section 130 of the Act- or (2) the accounts do not accord with those records,. or (3) the accounts do not comply with the applicable requirements concerning the forn] and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement tl)at the accounts give a 'true and fair view, which is not a Tnaner considered as part of an independent examination. I have no ¢oncerns and have come across no other matters in connection with the examination to which attention should be drdwn in this report in order to ¢nabl¢ a proper understanding of the accounts lo b¢ reached. Mr Phillip Dennison ACA FCCA For and on behalf of CWR Chartered Accountants 20 Mannin Way Lancaster Business Park Caton Road Lancaster LAI 3SW Date.. 23 Jun¢ 2025
LANCASTER GIRLS, GRAMMAR SCHOOL FUND STATEMENT OF FINANCIAL ACTIVITIES YEAR END 31ST AUGUST 2OZ4 Unrestricted funds Rcstri¢ted funds Total funds TotAI fundB For the year For the year ertded 31 ended JI August August 2024 2023 Note Incoming rt50ur¢e$ Voluntary income.. Donations and gifis Invtstsneni in¢ome'. Bank inleTe511 divid¢Dd in¢ome 10,295 50,246 60J41 49,276 53 J,IYJ9 ,037 Total itttomlng resources 10,348 51,292 61,640 50.313 Resources expended Charit8ble ¢%ptnditttre Cost of gencraiing voluntary in¢ome Chwiiable activÉiies Govern3n¢e cosis 418 66,302 2,154 28,743 2,244 93,316 122,059 2,244 Total r¢50ur¢¢s txpettded 30,987 93J16 124.303 6&874 Net loutgoingl resources before other recogni5ed g8ins wnd I0e$ {20,639) (42,0241 162,6631 (18J61) Unrealised gaiThl{105s) on inv¢stm¢n15 Z.229 2229 (1941 Transfers bctween funds 1,923 11.9Z3) Net Movements in FLLnds 118.7161 141.718) {60A34) {18,7551 Reconciliation of Funds Balantes Brought Forward l$t Stpt¢mber 2023 445,213 82,106 527,329 546,084 Balances C¥rried Forw#rd 31$¢ August 2024 426,507 40,388 466,895 527,329
LANCASTER GIRLS, GRAMMARSCHOOL FUND BALANCE SHEET AS AT31ST AUGUST2024 Note 2024 2023 Investments 30.531 28J02 Currcnt As$¢t$ Debtors Cash al bank and in hand 2,754 436,584 4,690 508,359 439J38 513,049 Creditors.. Amounts falling dut Ivithln one yegr (2.9741 114,0221 N¢t current Assets 436J64 499.027 Net Assets 466895 527,329 Fuods Unresirictcd funds.. General funds Re51ricted funds 426,507 40J88 445,223 82.106 Totnl Fund5 466395 527J29 These accounts Ire approved by the trusiees on the 13th June 2025 and signed on their behalf by.. Mr C P Beard The notes on pages 10 10 15 fomi part of Ihc5e ac¢ounts
LANCASTER GIRLS, GRAMMAR SCHOOL FUND NOTES TO THE FINANCIAL STATEMENTS YEAR END 31ST AUCUST 2024 ACCOUNTING POLICIES St#ltm¢nt of eonJpli2llCQ The financial staiemenis have been prepared in a¢¢ordantt wilh FRS 102, The Ftnancial Reporting Standard app15¢able in the UK and Republic of Ireland,, the Statemeni of Recommended Practice applicable to Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK ai)d Republic of Ireland {FRS 1021 ICharilie5 SORP {fRS 102)) and ihe Charities Act 2011. B9515 ol proparation The linan¢ial siaiements have bcen prepared on the historical cost basi5. a5 modified by the revaluation of certain financial asse15 and liabilTlie5 and inveslrnents rneasured at fair value through in¢ome or expenditure. The financial siaiement5 are Prepared in sterling, which is the functional CUTrency of the entity. The significant accouniing policies applied in ¢he preparaiion of th¢s¢ financial statements are sei out below. Going Contern The Trustees assess wh¢th¢r ihe use of going eoncem is appropriate i.e. whether there are any material uncertaintie5 rclated to evcnts or condition5 that rnay cast signifi¢ani doubt on the ability of thc charity to continue as a going concem. The Truste&4 make ihis assesSmt in respect of a pthod of one year from Ihe date of approval of the financial staternents. Thu5 the TTusiees ¢oniinue io adopi the going concern basi5 of accountin8 in preparing ihe finantiaS slaiements. Don#ilons ine(kme Irom actiYitie5 Donations are recogni5¢d on a receivable basis where there is certainty of receipl and the arnount can be reliably rnea5ured. Other income is retognised in the period it is receivable and to (he exwii thc goods have be¢D provided or on completion of ihe Se1¢¢. Gr#*ts Monies received contingcnt on thern being used for a specific purpose are treated as provisions and are only released agatnst exp¢ndiiure ivhen thai expcnditure 15 Incu¢d. Inve5tment$ Investments are included at market value ai ihe balance sheet date. Oains and losses on disposal And revaluation of invesirnents are charged or credited io ihe SOFA. Fund$ a¢eounting Funds held by the charity are.. Uttresiricied general funds- Ihese are fund5 which can be used in a¢cordance with the charitable objecls al the di5CTetion of the Trusi¢¢s. 10
LANCASTER GIRLS, GRAMMAR SCHOOL FUND NOTES TO THE FINANCIAL STATEMENTS YEAR END 31ST AUGUST 2024 ACCOUNTING POLICIES ICONTINUEDI Fund5 accounting {¢ontinuedl Restricted fund5 - thes¢ ar¢ funds which can only b¢ us¢d for particular restri¢t¢d purposes within the objects of the Charity. Restrictions apply when specified by the donor or when funds are rdised for particular restricted purp05e5. Further detai15 of the purpose of each fund are included in the notes to the financial statements. 11
LANCASTER GIRLS, GfL4MMAR SCIIOOL FUND 'OTES TO TIIE FINI ANI CIAL STATEMENTS YEAR END 31ST AIIGUST 2024 Unrc5trict£d Rt8trieted Total Totsl fuds funds For the year For tho year ended 31 ended 31 Auguyt August 2023 2024 l. Cost ofgonorating voluntry ithtome Fundraising eveni cosis 418 418 2. Charil*ble #¢tiviti¢5 Grants tna(k in respect or.. Gener1 contribuliolls to LGGS lin¢luding prizes) Coniribution iowards LGGS Itip & lesson eogts on behaifofpupils Coniribuiion iowards LGGS student course bursaries Conlribuiion iowards LOGS library books and author¢v¢nt Contribution iowards LGGS counsclling costs Contributions towdrds LGGS dining cquiptncni Contribution5 IOIVdrds LGGS One-to-one device proEt2mme Coniribuiions ioivards LGGS ysn¢ral equip]nent Donations lo N&iiDnal ChaTIIIL Donation5 to Inlernalion21 Charities 1500 4,942 739 2,239 4,942 4.600 1.715 15,lJOO 2,349 85,000 2.987 1.172 2,055 710 4,060 3,12S 496 4.60 1,715 15.000 2J49 25.820 24,131 374 3.229 4,357 55,000 2,987 250 922 2,055 28,743 93J16 122,059 66J02 3. Covernllnce cost5 Accouniancy and independent ¢xamin¢rfs f¢¢ 2,244 2.244 2.1.54 2244 2,244 2,154
LANCASTER GIRLS, GRAMMAR SCHOOL FUND NOTES TO THE FINANCIAL STATEMENTS YEAR END 31ST AUGUST 2024 4. Staff Costs Th¢ ¢harity does noi employ any staff. The TteeS received no remuneration or expenses during the period. 5. Investments 2024 2023 COIF UT)its BlackRock Investment Fund M&G Investments 24,216 15S 6,160 22,430 148 5.724 30,531 28,302 6. Debtors 2024 2023 Grft Aid reeoverable Other debtor5 Prepairynents 1,504 1,130 120 4,690 2,754 4,690 7. CTeditors.' Amounts falling du¢ within one year 2024 2023 Commitments to Lan¢a5t¢r Girls, Grammar School Accruals and defetTed income 700 2,274 11.826 2,196 2,974 14,022 The commitments to Lancaster Girls, Grammar School represent reimbursement of School Fund monies. 13
LANCASTER GIRLS, GRAMMARSCHOOL FUND NOTES TO THE FINANCIAL STATEMENTS YEAR END 31ST AUGUST 2024 8. Restricted funds BAlance Ineorning re50urtes Outgoing G4ith$, lo$$¢s resource5 and tran$f¢rs Balance 31.08.24 31.08.23 Rcstricted Prize l BuTsary Fund PaTent donation for S121Tol LGGS PaTent donaiion for 61h form ofLGGS One-to-one Device scheme pareni donations The Doivager Countess Ele2nor Peel Tnjst Bursary Donations to National Charities Donations to International Charitie5 Other resiricied charitable donations Joyce Rigby legacy for mathematics 60,904 1.000 1,000 11071 10,900 1,990 726 405 5.288 3,337 11,4851 62.756 1.000 760 138,165) 7.300 1.463 1240) 185,000} {3,600) 1922) {2,05S) 46,942 1,187 2,055 (7921 (7261 14051 (14) 5,274 82,106 53.521 {93J16) (1,9231 40,388 The Restricted Prize / Bursary Fund is made up of a number of different prize funds. The awards are specifically for pupils of LGGS to reword oyisianding achievement and perfomianee or to promote the furth¢r education of pupils of Ihe school. It is noted that (he One-tO-One Device scheme shows an excess of expenditure over income. This is due to the timin8 of the investment in the devices and the defi¢it is expecied ¢0 r¢duce as future parent donation5 are received. Nationalltnternational/Other donations includ¢ monies raised for re8lStered nalional and global charitie5. A5 al Ihc end of the a¢¢ountin8 period a tolal of £1,463 donaiions had OOL b¢en paid lo the relevant ¢harily. 9. Analysts of Det a5$ets between funds Tanglble Net Current Fixd Assets Assets Total 2024 Restricied Funds Unrestricted Funds 40J88 426,507 40 J88 426,507 466,895 466,895 14
LANCASTER GIRLS, GRAMMAR SCHOOL FUND NOTES TO THE FIJYANCIAL STATEMENTS YEAR END 31ST AUGUST 2024 10. Control The Charity is controlled by the Board of Trustees. I l. Taxatio Lancaster Girls, GrarDmar S¢hool FuDd is a Tegistered charity nutnber 1142061. All the charity's income is applied to its charitable objectives and the charity IS, therefore, exempt under current legislation from most fornis of taxation. 12. Transactions with Trustee5 and connected parties During the a¢¢ounting year the charity made a series of transactions with Lancaster Girls. Grammar Sehool, a eompany limited by guarantee whose company number is 07441463. These transactions involved a series of donations to the school in line with the objectives of the charity. Th¢ school fully utilised these donations during the accounting period for th¢ purpose% specifIed. The charity is administered from within the premises of the LancasteT Girls, Grammar School however no recharge of wage5 and salaries, rent or other overhead was ¢harg¢d lo the charity during the awounting period by the s¢hool. 15