LYMM GRAMMAR SCHOOL TRUST Unaudited accounts for the year ended 5 April 2024
LYMM GRAMMAR SCHOOL TRUST
Income and expenditure account for the year ended 5 April 2024
| Note Income Dividends Receivable Donations Other Income Bank Deposit Interest Expenses Accountancy 2 Other Professional Fees 3 Sundry expenses Surplus/(Deficit) for the year |
- - - |
2024 £ 2,821 10 - 205 |
- 4,259 - |
2023 £ 2,789 10 - 67 |
|---|---|---|---|---|
| 3,036 3,036 |
2,866 4,259 |
|||
| 3,036 | (1,394) |
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LYMM GRAMMAR SCHOOL TRUST
Balance sheet At 5 April 2024
| 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 |
29,602 | 2024 £ 500,000 82,686 |
26,564 | 2023 £ 500,000 77,619 |
|---|---|---|---|---|
| 582,686 29,602 |
577,519 26,564 |
|||
| 0 | 0 | |||
| 612,288 | 604,183 | |||
| 604,183 3,036 |
193,497 (1,394) |
|||
| 607,219 - 5,069 |
192,103 415,975 (3,894) |
|||
| 612,288 | 604,183 |
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LYMM GRAMMAR SCHOOL TRUST
Notes to the accounts for the year ended 5 April 2024
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 2023 or 2024.
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 2024 comprise those held in the current account and reserve account.
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