LYMM GRAMMAR SCHOOL TRUST Unaudited accounts for the year ended 5 April 2023
LYMM GRAMMAR SCHOOL TRUST
Income and expenditure account for the year ended 5 April 2023
| Note Income Dividends Receivable Donations Other Income Bank Deposit Interest Expenses Accountancy 2 Other Professional Fees 3 Sundry expenses Surplus/(Deficit) for the year |
- 4,259 - |
2023 £ 2,789 10 - 67 |
- - - |
2022 £ 2,646 10 - 1 |
|---|---|---|---|---|
| 2,866 4,259 |
2,657 - |
|||
| (1,394) | 2,657 |
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LYMM GRAMMAR SCHOOL TRUST
Balance sheet At 5 April 2023
| Notes Fixed assets Tangible assets: land and buildings freehold Investments Current assets Cash at bank and in hand 4 Current liabilities Accruals Net current assets Net assets Capital accounts Brought forward Surplus/(deficit) for the year Revaluation of land and buildings Revaluation of investments Reserves |
26,564 | 2023 £ 500,000 77,619 |
27,959 | 2022 £ 84,025 81,513 |
|---|---|---|---|---|
| 577,619 26,564 |
165,538 27,959 |
|||
| 0 | 0 | |||
| 604,183 | 193,497 | |||
| 193,497 (1,394) |
184,637 2,657 |
|||
| 192,103 415,975 (3,894) |
187,294 - 6,203 |
|||
| 604,183 | 193,497 |
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LYMM GRAMMAR SCHOOL TRUST
Notes to the accounts for the year ended 5 April 2023
1. Accounting policies
1.1. Accounting convention
The accounts are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets.
1.2. Dividend Income
Dividends are stated net of non-recoverable tax credits.
1.3. Tangible fixed assets
The freehold is shown at the latest valuation date with any increase or decrease in valuation reflected in the revaluation reserve account.
1.4. Investments
Fixed asset investments are stated at cost less provision for diminution in value.
2. Accountancy Fees
There are no amounts due for accountancy fees for the years ended 5 April 2022 or 2023.
3. Other Professional Fees
Professional fees incurred during the prior year relate to legal advice on incorporated charity status and HM land registry fees associated with the application.
4. Cash at bank and in hand
Cash balances at 5 April 2023 comprise those held in the current account and reserve account. A provision for the write off of balances in two TSB accounts of £731 was made & written off in the year ended 5 April 2020. As at 5 April 2023 these funds had not been reclaimed.
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