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