LYMM GRAMMAR SCHOOL TRUST Unaudited accounts for the year ended 5 April 2025
LYMM GRAMMAR SCHOOL TRUST
Income and expenditure account for the year ended 5 April 2025
| Note Income Dividends Receivable Donations Other Income Bank Deposit Interest Expenses Accountancy 2 Other Professional Fees 3 Sundry expenses Surplus/(Deficit) for the year |
- 10,213 - |
2025 £ 2,914 10 - 218 |
- - - |
2024 £ 2,821 10 - 205 |
|---|---|---|---|---|
| 3,142 10,213 |
3,036 3,036 |
|||
| (7,071) | 3,036 |
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LYMM GRAMMAR SCHOOL TRUST
Balance sheet For the year ended 5 April 2025
| 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 |
26,610 | 2025 £ 650,000 81,691 |
29,602 | 2024 £ 500,000 82,686 |
|---|---|---|---|---|
| 731,691 22,530 |
582,686 29,602 |
|||
| 4,080 | 0 | |||
| 754,221 | 612,288 | |||
| 612,288 (7,071) |
604,183 3,036 |
|||
| 605,217 150,000 (996) |
607,219 - 5,069 |
|||
| 754,221 | 612,288 |
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LYMM GRAMMAR SCHOOL TRUST
Notes to the accounts for the year ended 5 April 2025
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 charges incurred for accountancy fees.
3. Other Professional Fees
Professional fees incurred during the prior year relate to property valuation and legal advice on a full repairing lease. An accrual is included for £4,080 in relation to the final legal fees.
4. Cash at bank and in hand
Cash balances at 5 April 2025 comprise those held in the current account and reserve account.
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