2025-10-31-accounts

Trustees	JMyers
	RevJDixon
	CSalisbury
	MSandys
	A Stoker	(Resigned 6March2025)
	lMoulton
	RBonham
	GWhitworth
	SBrock	(Appointed 4 November2025)
Charitynumber (Entlandand Wales)	1030002
Principal address	S€utcheon House Farm
	FarSawrey
	Ambleside
	Cumbria
	LA22OLQ
lndependent examiner	lanThompsonFCA
	Saint&CoChartered Accountants
	TheOldPoliceStation
	ChurchStreet
	Ambleside
	Cumbria
	LA22OBT

	Pate
Trustees'rePort	74
lndependent examiner'sreport
Statementoffinancial activities	6-7
Balancesheet
Notesto thefinancial statements	924

Current financialyear		Unrestricted	Restricted	Endowment	Total	Total
		funds	funds	funds
		2025	2025	2025	2025	2024
	Notes	E	2	f	f	t
lncome andendowmenb from:
Donations andlegacies	3	2,roo	77,924		20,o24	33,227
Charitable activities	4	75,652			15,652	15,200
Other trading activities	5	1,776			r,776	7,542
lnvestments	6	60,282			60,242	59,463
Other income	7		2,797		2,19L	1,565
Total income		79,810	20,7t5		99,925	7ro,997
Expenditureon:
Raisingfunds	8	1,130			1,130	929
Charitable activities	9	74,975	5,776		80,691	68,656
Other expenditure	15	74,454	2,271		76,729	6,925
Totalexpenditure		90,563	7,987		98,5s0	76,5t0
Net gainson investments		15,348			15,348	L2,466
Net income		4,595	L2,t28		16,723	45,953
Transfersbetween funds		25,903	(2s,903)
Netmovementinfunds	12	30,498	173,77s|	16,723	46,953
Reconciliation offunds:
Fund balancesat1November2024		276,624	31,199	57,436	365,263	318,310
Fund balancesat31October 2025		307,726	71,424	57,436	381,986	365,263

Prior financialyear		Unrestrlcted	Restrlcted	Endowment	Total
		funds	funds	tunds
		2024	2024	2024	2024
	Notes	e	f	E	f
lncome andendowmentsfrom:
Donationsand legacies	3	2,O28	31,199		33,227
Charitable activities	4	15,200			15,200
Other tradinB activities	5	7.542			7,542
lnvestments	6	59,463			59,463
Other income	7	1,565			1,565
Totalincome		79,798	31,199		r70,997
Expenditureon:
Raisingfunds	I	929			929
Charitable activities	9	58,6s6			68,656
Other expenditure	15	6,92s			6,925
Totalexpcnditure		76,510			76,510
Net gainson investments	15	72,466			72,466
Net income andmovementinfunds		75,754	31,199		46,953
Reconciliationoffunds:
Fund balancesatlNovember2023		260,874		57,436	318,310
Fund balancesat31Octob€r 2024		276,628	31,199	57,436	365,263

		2025		2024
	Notes	EE			L
Fixed assets
Tangible assets	18		88,919		57,436
lnvestments	19		775,440		160,092
			264,359		277,524
Currentassets
Stocks	20	1,153		\344
Debtors	27	4,813		37,376
Cashatbankand inhand		136,496		72s,537
		742,462		t64,237
Credhors: amountsfallingduewithinoneyea.		(24,83s)		(16,s02)
Netcurrentassets			r77,627		147,735
Totalassetslesscurrent liabilities			381,986		365,263
Thefunds ofthe charity
Endowment funds	25		57,436		57,436
Restricted income funds	26		71,424		31,199
Unrestricted funds	27		f07,726		276,628
			381,986		36s,263

lncomefromdonations and	letacies
	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
	funds	funds		funds	funds
	2025	2025	202s	2024	2024	2024
	EE		f€		E	f
Donationsandgifts	2,100		2,100	2,O28		2,024
Grants		77,924	77,924		31,199	31,199
	2,100	77,924	20,o24	2,O28	31,199	33,227
Donations andgifts
Museum collections	907		907	557		557
Giftaidrecoverable	693		693	r,046		1,046
Hawkshead Christmasfair	500		500	400		400
Other				25		25
	2,100		2,100	2,028		2,O28
Grants
westmorlandandFurness
Council		77,424	17,424		31,199	31,199
CumbriaChamberof
Commerce		500	500
		77,924	77,924		31,199	31,199

Unrestricted	Unrestricted
funds	funds
2025	2024
f	t
75,652	15,200

	Unrestricted	Unrestricted
	funds	funds
	2025	2024
	t	E
Shopincome	7,776	7,542

	Unrestricted	Unrestricted
	funds	funds
	2025	2024
	€f
Rentalincome	46,553	45,460
lncomefromlisted investments	8,561	8,019
Other income	24
lnterestreceivable	5,744	5,981
	60,282	59,463

otherincome
	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
	funds	funds		funds	funds
	2025	2025	2025	2024	2024	2024
	EE		ff		€	f
lnsurance claims receivable		2,19t	2,L9L
Sundryreceipts				1,565		1,565
		2,19r	2,797	1,565		1,555

	Unrestricted	Unrestricted
	funds	funds
	2025	2024
	tE
Tradintcosts
Operating charityshops	1,130	929

	Museum	Library	Library	Educational	Total
		conservation		grants
			proiect
	2025	2025	2025	2025	202s
	t	ff		t	E
Directcosts
Staff costs	23,834	370			24,204
Depreciation andimpairment	7,657				7,657
Ratesandwater	375	.,			382
Lightand heat	4,260	609			4,869
Repairsand maintenance	7,777	767			1,338
lnsurance	3,279	2,O44			5,263
New displaysand exhibitions	5,847				s,887
Payrollfees	494				494
Broadband	939	134			7,O73
Marketing	1,766	110			7,876
Museum supplies	326				326
Equipment and materials		-	586		586
Care-takingandgardening Managementcosts	342 6,776	s4_	4,403		436 70,579
otherstaffandvolunteerexpenses		_	198		198
Professional fees		-	7,347		7,347
Bank charges	346				346
	50,832	3,495	6,534		60,861
Grant fundingofactivities(seenote10)				74,200	14,200
Shareofsupportandgovernancecosts (see	note11)
Governance				5,630	s,630
	50,832	3,495	6,s34	19,830	80,691
Analysisbyfund
Unrestricted funds	45,t76	3,495	6,534	19,830	74,975
Restrictedfunds	5,776				5,176
	50,832	3,495	6,534	19,830	80,691

Expenditure on charitableactivities					(Continued)
Previousyear:	Museum	Lib.ary	Library	Educational	Total
		conservation		trants
			prolect
	2021	2024	2024	2024	2024
	e	E2		E	e
Directcosts
Staff costs	16,200	635			16,835
Ratesandwater	314	3-			377
Lightand heat	4,552	654			5,316
Repairsand maintenance	7,O77	97			1,168
lnsurance	2,545	3,s99			6,184
New displays andexhibitions	677				671
Payroll fees	468				468
Broadband	145	106			851
Marketing	7,627	232			1,859
Museum supplies	299				299
Equipment and materials		-	595		595
Care-takingand gardening	525	75			600
Managementcosts	5,786	-	6,240		72,026
Other staffandvolunteerexpenses	114	-	114		228
Professional fees		-	7,277		7,277
Bank charges	357				357
	35,4L4	5,417	4,227		49,046
Grant fundingofactivities(seenote10)				74,200	14,200
Shareofsupportand governancecosts (see	note11)
Governance	5,410				5,410
	40,824	5,411	8,221	74,200	68,556
Analysisbyfund
Unrestricted funds	40,824	5,411	4,221	14,200	68,6s6

Educational	Educational
grants	grants
2025	2024
f	e.
t4,200	74,200

	Museum	Total
	2025	2024
	e	f
Governance	5,530	5,410
	2025	2024
Governance costs comprise:	t	E
Accountancy and independent examinationfees	7,926	1,806
Managementcosts	3,484	3,476
Other officecosts	94	98
Website	726	90
	5,630	5,410
Netmovemcntinfunds	2025	2024
	f	e
Thenet movementinfundsisstated after charging/(crediting):
Feespayablefortheindependent examinationofthe charity's flnancial statements	7,925	1,806
Depreciation of owned tangible fixedassets	7,657

14	Employees		(Continued)
	Employmentcosts	2025 ff	2021
	wages andsalaries Other pensioncosts	24,70t 103	76,781 54
		24,204	16,835

Otherexpendhure
	Unrestricted	Restricted	Total	Unr6trlcted	Restricted	Total
	funds	funds		funds	funds
	2025 2e	202s	2025 f€	2024	2024 E	2024 E
Rentalrepairsand
maintenance	9,770	2,277-	r2,041	1,991		1,991
Rentalinsurance	4,688		4,688	3,494		3,494
Other expenditure				7,440		7,440
	14,458	2,277	16,129	6,92s		6,92s

	Unrestricted	Unrestricted
	funds	funds
	2025	2024
Gains/(losses) arisingon:	f	E
Revaluationofinvestments	15,348	L2,466

18	Tangiblefixedassets
		Freehold land	Fixtures and	Total
		andbuildings	fittings
		f	f	E
	Cost
	At1November2024	51,436		57,436
	Additions		33,140	33,140
	At31October2025	57,436	33,140	90,576
	Depreciation andimpairment
	Depreciation chargedinthe year		7,657	7,657
	At31October2025		7,651	L,657
	Carryingamount
	At31October2025	57,436	31,483	88,919
	At31October2024	57,436		57,436
19	Fixed assetinvestments
				Listed
				investments
				f
	Costorvaluation
	At1November 2024			750,O92
	Valuationchanges			15,348
	At3lOctober2025			775,440
	Carryingamount
	At31October2025			775,440
	At31October 2024			160,092
			2025	2024
	lnvestmentsatfairvaluecomprise:		e	E
	COIFCharities lnvestmentFund		42,570	43,188
	M&G Charifund		132,930	776,904
			715,440	160,092

	Stocks
			2025	2024
			t	E
	Finished goods and goodsforresale		1,153	1,384
	Debtors
			2025	2024
	Amountsfallingduewithinone year:		E	t
	Other debtors			31,199
	Prepaymentsandaccrued income		4,8t3	6,t71
			4,813	37,376
22	Creditors: amountsfallingduewithinoneyear
			2025	2024
		Notes	f	E
	Other taxationand socialsecurity		452	155
	Deferred income	23	7,220	7,O23
	Othercreditors		3,889	2,O44
	Accruals		t9,214	13,280
			24,A35	16,502
	Deferred income
			2025	2024
			f	t
	Other deferred income		7,220	r,o23
	Deferred incomeisincludedinthe financial statementsasfollows:
			2025	2024
			E	E
	Deferred incomeisincludedwithin:
	Current liabilities		7,220	7,023

	Deferred income		(Continued)
		202s	2024
		I	f
	Movementsinthe year:
	Deferred incomeat1November2024	1,023	9s4
	Releasedfromprevious periods	(1,023)	(es4)
	Resourcesdeferredinthe year	t,220	7,O23
	Deferred income at31October2025	7,220	7,023
24	Retirementbenefiischemes
		2025	2024
	Definedcontributionschemes	E	f
	Chargetoprofitorloss in respectof definedcontributionschemes	103	54

	AtlNovemberAt	3lOctober
	2024	2025
	€	f
Permanentendowments
	57,436	57,436
Previousyear:	At1NovemberAt	31October
	2023	2024
	e	E
Permanentendowments
	57,436	57,436

specificconditionsbydonorsasto	how	theymay be use	d.
	At	INovemb€r	lncoming	Resources	Transfers	At	31October
		2024	res0urce5	expended			2025
		f	f	e	f		t
Museum and librarydisplays		31,199		14,776].	(26,483)
Marketing campaign			500	(1,000)	500
Mutli-sensory engagement project			77,424				t7,424
Property driveway repairs			2,797	(2,27t|80
		31,199	20,775	17,9871	(2s,903)		77,424
Previous year:	At	1November	lncominB	Resources	Transfers	At31October
		2023	re50urce5	expended			2024
		f	E	e	e		t
Museum and library			31,199				31,199

	At	1November	lncoming	Resources	TransferscainsandlossesAt	TransferscainsandlossesAt	3lOctober
		2024	res0urce5	expended			2025
		t	E	E	E	fE
Generalfunds		276,628	79,870	(90,s63)	25,903	15,348	307,126
Previousyear:	At	1November	lncomint	Resources	TransferscainsandlossesAt		3lOctober
		2023 E	resources t	expended E	EE		2024 f
6eneral funds		260,87 4	79,798	(76,s10)	-	72,466	276,628

	Unrestricted	R.stricted	Endowment	Total
	lunds	funds	tunds
	2025	2025	2025	2025
	e	f	c	f
At3lOctober2025:
Tangible assets	31,483		57,436	88,919
lnvestments	775,MO			775,MO
Current assets/(liabilities)	100,203	77,424		7L7,627
	307,726	L7,424	57,436	381,985
	Unr6tricted	Rcstricted	Endowment	Total
	funds	tunds	funds
	2024	2024	2024	2024
	e	e	E	€
At31October 2024:
Tangible assets			51,436	57,436
lnvestments	150,092			150,092
Current assets/(liabilities)	116,536	31,199		747,735
	276,524	31,199	51,436	365,263