Charity Number: 1142061 LANCASTER GIRLS, GRAMMAR SCHOOL FUND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2025 LANCASTER GIRLS, GRAMMAR SCHOOL FUND Contents Page Officers and Professional Advisers Trustees Report Independent Examiner's Report Statement of Financial Activities Balance Sl)eet 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 Headteacher Mr C P Beard Administrator Ms C Gillies Registered Office Regent Street Lan¢ast¢r LAI ISF Accountants CWR 20 Mannin Way Lancaster Business Park Caton Road Lancaster LAI 3SW Bankers Lloyds Bank PO Box 1000 Andover BXI ILT Solicitors Veale Wa5brough Vizards Narrow Quay House Narrow Guay Bristol BSI 4QA LANCASTER GIRLS, GRAMMAR SCHOOL FUND REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2025 Tlie Trustees present their annual report along with the Financial Statements for the year ended the 31 Aiigiist 2025. The financial statements have been prepared in accordance with accounting poli¢i¢s set out in the notes to the a¢eoiiiits and comply with the Charities Act 201 l and Accounting and Reporting by Charilies.. Statement of Recommended Practice applicable to charities preparing their accounts in a¢cordance with the rinancial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102}. Administrative Information J1ie Lancaster Girls, Grammar School Fuiid is a registered Charity (No. 1142061) with the Charities Cominission. Tlie charity was fom)ed on the 24, May 201 l. The Trustees. administrators and professional advisers al'e listed oli page 3. )e object of the charity is io advance the education (including social and physical training) of students at the Lancaster Girls, Grdininar School (LGGS). Structure, Governance and Ivlanagement Tlie charity 15 coI)nected with the Lancaster Girls, Grammar School, which has been an a¢ad¢my school since the I" Ji£ nuary 2011. The instrument of governance of the school provides for the Trust¢¢s to sit on the governing body of the school. Tlie Trustees are responsible for tlie overall management of the eharity. Policies and procedures are in place for the induction and training of iiew Trustees. However, in recognitiork of the ¢xperienee which is evident amongst the current Triistees, there are no plans for the training of Trustees at present. The Truste¢s are aware tliat if thc need arises. they will of course arrange su¢h training to be carried out. Tlie governance of the school's activities is vested with the Governing Body who dI￿harge their duties in accordance with government legi51alion. Risk Management The Board of Trustees is responsible for tile Inanagem¢nt of risk faced by the charity. As the Obj￿15 are lo support tlie school, the significant risks to the charity arise from the school's day to day operation. Trustees, tliroiigli oveiview of th¢ Governing Body, ensures that risks are identified, assessed and controls introduced as required. Tl)e Triistees examine the Inajor risks that tli¢ charity fa¢es each financial y¢ar to ensure the continued success of the school and l)en¢e the charity. LANCASTER GIRLS, GRAMMAR SCHOOL FUND REPORT OF THE TRUSTEES (Cont'd) FOR THE YEAR ENDED 31ST AUGUST 2025 Object5, Aims and Activities Tlie object of the charity is to assist the Governors of Lancaster Girls. Gramtnar School in advancing the education of pupils at the Lan¢aster Girls, Grammar School. Witli tliis objective tlie charity aims to improve the standard of edu¢ation provided by the school by assisting in the provision of facilities and to support acliviti¢s which are designed lo ¢nh&nce the all-round d¢v¢lopment of piipils. The principal activity of the Charity during the year was to run development appeals to raise Inonies in support of tlie objectives of tlie cliarity- Wliei) planning the activities for tl)e year. the Trustees have Considered the Charity Commissions guidance on Public Benefil. Application of Income Diiring the accounting year £134,304 has been applied to a range of wsts and bursaries for the students of Lancaster Gir15' Gra1￿mar School. Financial Revieiv and Investment Policy Dui'ing Il)e year the cliarity contributed towards various costs of the school. This included a contribution of £15.000 towards counselling costs and Contributions totalling £92,171 towards ihe One-to-one devic¢ prograinine. £8,306 was contributed towards minibus Costs and £3.285 contributed towards school pliotograpliy costs. Tliis is scheduled in note 2 to tlie accounts. The cliarity Inade payments in excess of its income lotalling £43.955 in the accounting year which together with the brought forward fund balance of £466,895 gives the Charity a total reserve balance of £422,940 al the end of the accounting year. Tlie charity's policy is to place available funds in low-risk investments and to ensure funds are easily a¢¢essibl¢ should they be required for school projecls. LANCASTER GIRLS, GRAMMAR SCHOOL FUND REPORT OF THE TRUSTEES (Cont'd) FOR THE YEAR ENDED 31ST AUGUST 2025 Reserves Policy Net assets as at ]1￿ August 2025 were £422,940. Of these funds £42,677 are restricted for specific projects as deiailed in tlie notes to the accounts. Tl)e remainder forms an unrestricted fund and these funds Can be directed to projects ii) line with the objectives of the charity al the discretion of the Trustees. Future Plans Thc charity aiins to ¢ontinue to generate funds from appeals and to continue its policy of improving the general school buildings and to aid pupils who require assistance to develop their maximum potential. Aecounting and Reporting Responsibilities of the Trustees Tlie Trustees are responsible for preparing the Trustees, Report and the financial statements in accordance with applicabl¢ law and United Kingdom Accounting Standards including Financial Reporting Standard l 02- Tlie finan¢i21 Reporting Standard applicable in the UK and Republi¢ of Ireland (United Kingdom Genernlly Accepted Accountiiig Practice). Tlie Cliarities Act requires Ilie Trustee5 to prepare financial statement5 for each financial year which give a true and fair vie1¥ of the state of affairs of the charity and of th¢ incoming resources and appli¢ation of rcsourccs, of the charity for that period. In preparing these financial statem¢ntS, the Trustees are required to.. select siiitable accounting policies and then apply them consistently. make judgements and accounting estisnates that are reasonable and prudent. observe tlie meil)ods 211d prin¢iples in the Charities SOIiP' state wliether applicable accounting standards hav¢ been followed, subj¢ol to any materiel departures disclosed and explained in the financial statements, and + prepare tlie financial statements on the going concern basis unless it is inappropriate lo presume thal the charity will continue its activities. The Trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the cliaritv and to enable tliem lo ¢nsur¢ that the financial stalemenls comply with the Charities Act 201 I, the applicable Cliarity (Accounts and Reports) RegulatlOll5 and th¢ provisions of the Trust Deed. The Trustees are also responsible for safeguarding the assets of the charity and h¢n¢e for taking reasonable sleps for th¢ prevention and d¢le¢tion of fraud and other I￿egular1tIts. Signed by order of the Trustees Mr C P Beard Approved by the Trustees on the 25, June 2026 LANCASTER GIRLS, GRAMMAR SCHOOL FUND INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LANCASTER GIRLS, GRAMMAR SCHOOL FUND FOR THE YEAR ENDED 31ST AUGUST 2025 Independent examiner's report to the Trustees of Lancaster Girls, Grnmmar School Fund report to the Trustees on my examination of tlie accounts of Lancaster Girls, Grammar School Fund (the Trust) for tlie year ended 31$1 August 2025, which are set out on pages 8 to 15. Re$ponsihilities and basis of report As tlie clic1rity Ti'iistees of the Trust, you are responsible for the preparation of the accounts iii accordance with tlie reqiiireinents of the Cliarities Act 2011 ('the Act.). I report in respect of my examination of the Trustee's accounts earried out under section 145 of the 201 l Act and in carrying out my examination I hav¢ followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 201 l Act. Independent examiner's statetnent I liave completed Iny exaininalion. I confirm ihat no tnaterial matters have come to my attention in connection witl) the examiiiation giving me cause to believe that in any material r¢sp¢¢l'. ( l ) a¢counting records were not kept in respect of the Trust as required by section 130 of the Act. or (2) the Accoiints do not accord with those records- or (3) the accounts do not coinply with the applicable requir¢m¢nts concerning the fortn and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other tliai) any requirement that the accouiits give a 'true and fair view, which is not a matter considered as part of an independenl exaiiiiiiation. I liave no coiicerns and have come across no other matters in connection with the examination to which attention sliould be drawii iii tliis report in order to enable a proper understanding of the accounts lo b¢ reaclied. Mr Robert Mitcliell FCA For and oli beliall'of CWR 20 Mannin Way Lancaster Business Park Caton Road Lancaster LAI 3SW Date.. 30, June 2026 LANCASTER GIRLS, GRAMMAR SCHOOL FUND STATEMEINT OF FINANCIALACTIVITIES I'EAR END 31ST AUGUST 2025 UBre5tricted funds Restricted runds Total fuDd$ Tot#1 fuTrd5 For the ye%r For the yeir ¢nded 31 ended 31 August Augu$t 2025 2024 No¢¢ Incoming resources Vc)luniary incomL: Donalions and gifts Ini'esiirLni income.. Bank. inicrcsi I dividcnd income 7597 79,561 87,158 60,541 7,163 1,046 8,209 1,099 Tot81 i￿roMing resource5 14.760 80,607 95J67 61,640 Rt50trrtes expended CliaritAble expenditure Co%1 af gLncraiinE ¥'oluniarn' income 58.616 Z J88 77,464 136,080 2.388 122,059 2,244 Goi'lrnancc cosis Total re50urr￿ oxpts￿dQd 61,IYM 77,464 138,468 124J03 Not loutgoithEI resour¢es before other recognised gsins xn¢l ltssses 146,2441 3,143 143,1011 162.6631 Unrcali5cd gainlllossl on invcslTn¢nls 1854) {854} Z,229 Transfers b¢iiv¢cn funds 'et Movements in FuThds 146,2441 2,289 I43,￿5) 160.4341 Retontilintion of Funds B#lAnces Broughf Fonvard 1st September 2024 426,507 40,388 466,89S 527,329 BIlAn¢es Carried Forward J15t August 2025 380,263 42,677 422,940 466,895 LAN'CASTER GIRLS, GRAMMAR SCHOOL FUND BALAINCE SFIEET AS ATJIST AUCUST 2025 Note 2025 2024 Inv¢5tments 29,677 30,531 Current Ass¢ts l)Lht()r.I Cash at bank. and in hand ,299 503.660 436,584 S04,959 439,J38 Creditor5: Amounts fJ)Iling due withln one yeAr 1111,6961 12,974} Net current A55¢t$ 393,263 436,364 Net Asset5 422,940 466,895 Funds Unrc51ricicd fund5'. GcnLTal fund.% Rc51ricled fund5 380263 42,677 426,q07 40,388 Totill Fupd5 422,940 466.895 Thcsc accounls ii'cir approvcd b}. Ihc ITUStees on Ihc 25ih Junc 2026 and signed on Iheir behalf by.. Mr C P Beard The noies on pages 10 10 15 forni pari of th¢5e accounts LANCASTER GJRLS, CRAMMAR SCHOOL FUND NOTES TO TFIE FINANCIAL STATEMENTS YEAR END 31ST AUGUST 2025 ACCOUNTINC. POLICIES The financial siatcrncn15 liavc btcn preparcd in accordance 114th fRS 102. The Financial Reporting Standard applicablc in ihc UK and Republic of Ireland.. Ihe Siaiemeni of Rccommcndcd PTaclice applicable to chariiies prLparing ihcir accounis in accordancc i¥ith thc Financial Rcporting Standard appli¢able in the UK and Republic ofircland IFRS 1021 ICharitlC5 SORI)11.-RS 1021) and ihc Chariiies Act 201 Ila5t% of prepHrRIIDII lThc financial 4iatcmcnts hai'c bccn prcpared on thc hisiorical c05t basis, as modified by Ihe revalualion or ¢criain linancial asseis and liabilitics an(1 invesimLniS medsured at fair value through incorne or expendi(ure. lThe financidl siat¢ments are prepared in sterling. which is ihe lunctional currency of the entity. The significanl 8ccounlin8 policies applied in the preparation of ih¢5e financial 5tatemeniS are set out below. Going Concern 'lThe Tru.slecs assess ivheihcr thc usc of going concern 15 approprFate i.e. wheiher there are any material uncLrtainlics rclated to cvent5 or conditi4Ds that may tasi significant doubt on the abiliiy of thc charily to conlinuc a.% J gning ¢onccrn. Thc Trustecs make this assessment in respe¢¢ of a F¢rio ol-onc vcar frotn ihc dale ofapproval of the financial 5tatemenl5. I'hu5 Ihc'l-ruslccs continue to adopi ihc going conccrn basis of accouniing in preparing ihe financial stalemenis. l)nnAlion.5 frnm rjiin activttit Donaiions arc rccognised on a r￿e1Vable basis where thcre is certainty ofreceipi 2nd the arnounl can be reliably mcasured. Oihcr incomc is rccogni5cd in Ihe perithl ii is receivable and ￿ lh¢ exienl the 8oods have ￿￿en providcd or on Lomplclion ofthe service. Gr#n15 Monics rccLivLd ix)niinb¥ent on them Ecing uscd for a Specific purpose are Ireated a5 provisions and ar¢ unlv relLased againsi cxpcnditurc i¥hcn Ihal ¢xp¢ndilure is ineurred. Investmonts Investmcnt% arc included al rnarket value ai thc balancc 5hcct date. Gains and losses on diswsal &nd revalualion ofinvebtmenis are charged or creditcd io the SOFA. Fun(Is accounting Funds hcld by the ¢hariiy arc.. Unrcstricicd gcncral funds- Ihese arc funds which can be used in accordance with the charitable objecis ai ihc discretion of ihc TTU5tecs. 10 LANCASTER GIRLS, GRAMMAR SCHOOL FUND NOTES TO THE FINANCIAL STATEMENTS YEAR END 31ST AUGUST 2025 ACCOUNTING POLICIES (CONTINUED) Funds accoiinting {¢ontinu¢dl Restricted funds - these are funds which can only be used for particular r¢5tricted purposes within the objects of thc chaTity. Restrictions apply when specified by ihe donor or when funds are raised for particular re5tri¢ted purposes. Further details of ihe purpose of each fvnd are sllcluded in the notes to tlie financial statemenis. LAI%CAS'I'F.11 C.TRI.S' C.IMMMklR SCIIOOL FUND o'i'l:. S-I'O'l-111.: F IISANI Cltll. STATE￿1FNTs YLIIR LJI) 315T PKUGUS'I. 2025 UTrro5tricto Rcstritlc41 Toi41 T•t41 ruTrd5 For (h¢ ytar For tho year endtd 31 tnded 31 August August 2025 2a24 l. Cost of g¢ner21ing V¢bl¥nlary in¢omo Fundraising event ¢osis 2. Ch*riioblL' Ii¢iivilie$ Ciranl8 made in rc5pccI (>f.. CJen¢ral contribuiions io LGGS (including prizes) Coniribuiioii li)¥v.?rds l.CJGS Irip & nth¢r co5t.£ on bchaifof pupsls ConlTibulion Itsiyards l.GGS siud¢ni Cour￿ bursari¢s Conlribulion I01Y￿1rd8 LGGS Itbrary books and auihor Cvenl Conlribulion lo%1.￿7rd5 LGGS Colin￿lling cosis ConlribuiiDns lovi￿rdS LGGS dining ¢quipm¢ni Conlribulions lo1%￿rdS l.GGS Onc-lo-one dcvicc programme Contrihuiions in14￿rd9 l.GG% gcncral cquipmcnl Coniribuiioiis 1014?rds LfjGS pholTrgrapliy Sicp Up l-.und l.GGS pijpil ¢du¢iii)n and Iraining cosis CTrnlrihuliDn loi%'ards LGGS tninibus costs Donaiions lo Naiionlll Charilie rJonaiion% 10 Iniernational Cliarilies Bank ttnd card chargcs 6,S7S 6,246 612 7,187 6.246 2,239 4.942 4.601b i&oo 15,000 15.000 2,349 85,QOO 2,987 65,610 92,171 829 3,285 1.280 8J(k6 iJt9 337 120 829 3,285 1,280 8J06 .172 337 120 58,616 77,464 136,080 122,059 3. Covernxncc cust Accouniancy and Inde￿ndent eX￿nIne¢S fee 2,388 2J88 2.244 2,388 2J88 2,244 LANCASTER GIRLS, GRAMMAR SCHOOL FUND NOTES TO THE FINANCIAL STATEMENTS YEAR END 31ST AUGUST 2025 4. Staff costs The charity does not employ any staff. The Trustees received no remuneration or expens¢s during the period. 5. Invtstn]¢nts 2025 2024 COIF Units BlackRock Iiive51ment Fund M&G Investinenls 23,037 24,216 155 6,160 6,489 29,677 30,531 6. Debtors 2025 2024 Gift Aid recoverable Otliei. debiors Prepavinenls 1.25J 46 1,504 1.130 120 1,299 2,7S4 7. Creditor5: Amounts f2lling dut within onc year 2025 2024 Commitmen15 to Lan¢ast¢r Girls, Grammar School Accruals and delerred income 109,308 2.388 700 2,274 111,696 2,974 The commitments to Lancaster Girls, Grammar School represent agreed contributi(Trns at the year end towards ¢ouns¢llin8 cost5, One to One device programme costs and minibu5 ¢0Sts. LANCASTER GIRLS, GRAMMAR SCHOOL FUND NOTES TO THE FINANCIAL STATEIMENTS YEAR END 31ST AUGUST2025 8. Restricted funds Balwnce 31.08.24 Otstgoing Gains, losse5 re50urcu tr8nsfer5 BalAnce 31.08.25 re5uurce5 Rcslricicd l)riLc J Ijuisar), l."und t4anks Lvon Mcmorial'frust Step Up fund Minibus li1ndr￿lISlng Pareni donation for Siafrof LGGS ParLni donation for 6th lorm of LGGS Onc-io-OnL D¢i'ice schcmc parcnl donaiions The Doi%'ager Couniess Eleanor Peel Trusi Bursary Donali()nb 10 National Chariiies Don