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**|
1
## **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**|
2
## **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.
3