## 

# 



## 

## 

|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|<br>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|<br>funds|
||2025|<br>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|<br>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|<br>funds|
||2025|<br>2024|
||tE||
|Tradintcosts|||
|Operating charityshops|1,130|<br>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<br>Managementcosts|342<br>6,776|s4_|4,403||436<br>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<br>ff|<br>2021|
||wages andsalaries<br>Other pensioncosts|24,70t<br>103|76,781<br>54|
|||24,204|16,835|



## 

|Otherexpendhure|||||||
|---|---|---|---|---|---|---|
||Unrestricted|Restricted|Total|Unr6trlcted|Restricted|Total|
||funds|funds||funds|funds||
||2025<br>2e|202s|2025<br>f€|<br>2024|2024<br>E|2024<br>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<br>E|resources<br>t|expended<br>E|EE||2024<br>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|



##