MICHAEL LOWE'S AND ASSOCIATED
CHARITIES LICHFIELD
Registered charity number- 214785
ACCOUNTS YEAR ENDED
31 MARCH 2025
Dains Audit Ltd
Chartered Accountants
St Johns Court
Wiltell Road
Lichfield
Staffordshire
WS14 9DS

MICHAEL LOWE'S AND ASSOCIATED CHARITIES LICHFIELD
INDEX TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGE
Trustees Annual Report
Independent Examiner's Report
Slalement of Financial Activities
Balance Sheet
Notes lo the Accounts
10-15

MICHAEL LOWE'S AND ASSOCIATED CHARITIES LICHFIELD
ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2025
Rofer8nce and administratlvg information
Trustees..
The Charity trustee5 who served during the year and their appointing bodies are..
Rev l Hayter
Chairman
Co-opted
Mr N G Sedgwick
Vice chairman
Co-opted
Revd C E Davies
Appointed 17 October 2024
Ex Officio
Mrs J M Eagland
Lichfield City Council
Ms D Greatorex
Lichfield City Council
Mrs J A Greaves
Lichfield City Council
Mr R M Hartley
Chur¢hes Together in Lichfield
Mrs B Hanks
Co-opted
Mr P L Hitchman
Lichfield City Council
Dr A Hughes
Lichfield City Council
M G Pawson
Co-opted
Mrs E L Rawling
Co-opted
Mrs E M Ridler
Churches Together in Lichfield
Dr T M James
Co-opted
B R Watkins
Lichfield City Council
Dr M J White
Co-opted
Mr M A Warfield
Lichfield City Council
Terminated 15 July 2024
Appointed 27 June 2024
Appointed 1 August 2024
Appointed 14 April 2025
Terminated 27 March 2025
Principal Address:
S R James Esq.,
The Clerk to the Trustees
PO Box 8680
Burton-on-Trent
Staffs DE14 9QB
Reglst8red Charity Number:
214785
Independent Examlner:
M Gurney FCCA, DChA
Dain5 Audit Ltd, Chartered Accountants
St John's Court
Willell Road
Lichfiel
Staffs WS14 9DS
Prlncipal Bankers-.
N81ional Westminster 8ank plc
Market Street
Lichfield
Stsffs
WS13 6LE
Soli¢itor$:
Ansons Solicitors Ltd
Investment Advisers:
RBC Brewin Dolphin Limited
61h floor, The Chatwin Building
81 Colmore Row
Birmingham
B3 2BA
517 Breadmarket Street
Lichfield
Staffs
WS13 6LQ

MICHAEL LOWE'S AND ASSOCIATED CHARITIES LICHFIELD
ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2025 (continued}
Report of the Trusteès for the year ended 31 March 2025
The trustees present their report along with the financial statements of the charity for the year ended 31
March 2025.
The financial statements have been prepared in accordance with the accounting policies sel out in Note 1
to the accounts and comply with the Charity's Scheme, the Charities Act 2011 and Accounting and
Reporting by Charities.. S181ement of Recommended Practice applicable lo Charities preparing their
financial slalements in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland effective 1 January 2019.
Structure. Governanc8 and Pllanagement
History and Objectives and Activltiès for the public beneflt
Michael Lowe's Charity was founded in 1593 and is now governed by a Charity Commission Scheme
dated 26 June 1980. when a number of 5m811er charities were amalgamated with it and the Charity
became known as Michael Lowe's 8nd Associated Charities.
The charity is an unincorporated
association and the trustees are incorporated as a body. The charity does not aclively fundraise and
seeks to continue the phi18nlhropi¢ work desired by the donor thTOUgh the ¢8￿ful stewardship ol ils
existing resources.
From the time of its foundation in 1593 one of the Charity's Concerns has been fue5 poverty. Originally,
the Trustees provided coal to just twelve poor men,. now they provide fuel grants for considerably more
qualifying persons aged 67 or Dver.
As well as the fuel grants, the present day objects of the Charity include the provision ol assistance to
individuals resident in the City of Lichfield, who are in Conditions ol need, hardship or distress, by making
grants to organisations or providing or paying for items which will benefit Ihe recipient. The Trustees
usually require the recipient to make a contribution of 10°/D of the cost of any item provided.
The Charity ceased to operate 115 Furniture Transfer Scheme in Autumn 2021 principally ￿Cause of Ihe
difficulty of finding volunteers to run it. A new scheme commenced during 2022 under which the Trust
provides beds, headboards and mattresses to eligible applicants. The Trustees usually require the
recipient lo make a contribution of 100/0 of the Cost of any item provided.
The Trust continues to supply white goods to eligible applicants.
The trustees confirrN that they have referred to the guidance contained in the Charity Commission's
gener81 gLJidance °The Prevention or Relief of Poverty for the Public Benefit" when reviewing the Charity's
airns and obje¢lives and in planning and setting their grant making policy for the year and have Complied
with their duties under the Charities Act 2011.
Management and Governance
The scheme provides for the appointrnenl of 15 trustees,. one ex-officio, seven nominative and seven co-
oplalive. The ex-officio Iruslee is the Rector or Priest-in-charge of the Parish of Sl Chad Lichfield. In the

event of the ex-officio trustee being unwilling to act, then the Iru51ees may appoint an additional trustee lo
fill the v8C8n¢y.
MICHAEL LOWE'S AND ASSOCIATED CHARITIES LICHFIELD
ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2025 {continuedl
Five of the nominative trustees are appointed by the Coun¢illors of Lichfield City Ilhe Trustees having
passed a resolution 10 5ubslilule that body as the nominating body in place of the Councillors of the
Lichfield District who represented the wards of the City of Lichfieldl, and two nominative trustees are
appointed by °Churches Together in Lichfield.. Nomin81ive Iruslees serve for a period of four years. Co-
oplalive Iruslees serve for a period of five years. New co-optalive Iru51ees are identified from people
within the Ioc81 community who have the necessary skills and interest and are appointed by the remaining
trustees.
The induction process for 8ny newly appointed trustee comprises an initial meeting with the board of
Trustees, 8t which a pack is provided. This in¢ludes a copy of the governing document, a copy of the
most recent annual report and accounts, copy minutes of previous trustees, meetings. a copy of the
Charity Commission guidance "The Essential Tru51ee.' What you need to know. and 'The Prevents'on OT
Relief of Poverty lor the Public Benefit..
The Trustees are Tequired lo disclose all relevant interests and register them with the Clerk and i
accordan￿ with the Charity's policy do not lake part in decisions where a conflict of interest arises.
The Trustees normally meei four times 8 year lo consider grant applications and 8S 8nd when appropriate
the broad strategy and area of activity for the charity. including investments, reserves and risk
management policies and performance. The day to day administration of grants and the processing of
applications prior lo consideration by the Trustees are delegated lo the Clerk.
The Trustees have delegated the monitoring of the perforrnance of the investment porrfolio and of the
fund manager, the Consideration of reports from professional advisers as regards the property holding
and the preparation of an annual budget to a sub-committee, which meets four times a year prior lo the
rnain Trustees, meeting. It also reviews the Charity's grant making, reserves and investment policies and
makes recommend81ions lo the main trustee body.
Risk Review
The Trustees review the risks the Charity faces on a regular basis and take appropriate steps lo miligale
those risks.
To dale these have rnainly related to..
{il inveslrnent management where the risk5 have been ameliorated by appointing exlemal fund
managers to manage a portfolio of diverse investments designed lo provide a balance between
capital growth and income.,
{iil the management of the small portfolio of investment properties,. the Trustees retain surveyors to
carry out annual inspections to ensure that the buildings are maintained in good condition and to
prov￿de management support.,
liiil checks on 8ppli¢ations from organisalions to filter out requests for multiple grants lor the same
project., and
livl checks on possible fraudulent applications

MICHAEL LOWE'S AND ASSOCIATED CHARITIES LICHFIELD
ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2025 {continu8d)
Grant making policy and procèdures
The Charity is well known in Lichfield and invites applications from both organis8tions and individLJals.
Ea¢h application is considered on ils own merits and in mosl instances and in usual circumstances two
trustees vi511 an individual applicant al hislher own home and personally interview himlher prior to any
grant being rnade. This enables the Tiustees lo target their assistance to the best advantage of the
applic8nl and where appropriate lo direct the applicant lo other organisalions such as the Citizens Advice
Bureau, who Can assist with benefit appli¢ations or problems andlor debt management advice.
Whilst priority is given lo rnaking grants to individuals lincluding making fuel granlsl, grant aid to
organisations providing services to Lichfield City residents are usually made but applications have
reduced this year. In recommending grants the Trustees 18ke account of the Charity's financial position
and exercise reslrainl where appropriate. The upper limit for grants lo individuals 15 currently reslricled to
£600 to enable grants lo be made to more Individuals.
Applications lor fuel grants are usually invited 8nnually from persons aged 67 or over. whose income falls
below a certain level or who have special need of healing for reasons of health etc.
In addition, the Trustees invite applications from needy families for while goods, beds, headboards and
mattresses.
Gr8nt application forms are available from the Clerk, whose address is shown on page 1. Once an
application is received il is considered at the next meeting of the Trustees.. however, special
arrangements are made it the application is considered urgent.
Achievements and Parformancè
Overall grant expenditure during the year was slightly higher than the previous year.
Total grants amounted to £50,394 12024 - £48,681>
Breakdown of grants..
Organisations..
£650 12024 - £5,000)
Individuals..
£26,954 10 62 persons12024 - £24,636 to 60 persons)
Fuel grants..
£22,790 10 123 persons12024- £19,045 to 11 S persons}

MICHAEL LOWE'S AND ASSOCIATED CHARITIES LICHFIELD
ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2025 {continuedl
The vast majority of grants lo individuals were for the provislon of or replacement of domestic items.
The Trustees continued their efforts lo widen their help lo other sections of the community where they
believe there is hidden need, especial￿ 8mongsl the eldedy.
A number of grants were fnade lo individuals for beds, he8dbo8rds and mattresses
Flnancial Review
Investmgnt Policy and Performanc
The Charity's grant making Is entirely dependent upon its income from its endowfflenls comprising
various holdings of property and frorn its Portfolio of stocks and shares, securities and investment fund
units.
The property holdings are managed by the Trustees, who lake appropriate professional advice. The
portfolio of listed investments is managed by external fund managers on a discretionary basis. These
investments are subject lo an Investment Policy Slalement which is reviewed regularly by the Trustees.
The investment objective is to generate a balance be￿een income, lo help fund the charity's grant
making, and capital growth, to help maintain and enhan¢e the real value of the assets over the medium lo
long-lerm. The Trustees have agreed that a medium level of risk is appropriate and the policy contains
controls lo manage risk. The Trustees review the performance ol their investments on a quarterly basis
and they meet with their investment manager on a regular basis.
Over the last financial year the portfolio has generated 8 lolal return of 3.020/0 after fees. This compares
8gainsl a return of 6.52Q/o for the RBC Brewin Dolphin Category 6 benchmark and 3.00°/o for the Asset
Risk Consultants IARCI Steady Growth index. The ARC index is made up of over 4,000 charity portFolios
from 35 different investment managers, providing a good comparison to the performance of the brokers
peers with a similar level of investment risk. The positive relum over the year was largely due to an
improvemenl in investor sentiment as central banks began lowering interest tales and econDmic 9rowih
remaining robust. The greater weighting lo mega cap technology companies within the RBC Brewin
Dolphin Risk Category 6 benchmark was the main reason for the perforrn8n¢e divergence over the
period.
Reserves Pollcy and Plans for the Futura
At 31 March 2Q25 funds totalled £2,046,874, comprising endowment £1,800,971 accumulated income
£137.853 and a designated repairs and maintenance reserve £108,050.
The Trustees have resolved lo maintain minimum reserves al 8 level equivalent lo approximately one
year's gross income.

MICHAEL LOWE'S AND ASSOCIATED CHARITIES LICHFIELD
ANNUAL REPORT
FOR THE YEAR ENDED 31 MARCH 2025 Icontlnuodl
Although 81 the year end reserves exceeded the minirnurn, this will enable the Trustees to maintain grant
aid 81 or higher than previous levels in difficult economic limes and to ensure that funds are available to
carry out any unexpected repairs lo the Charity's remaining properties.
In addition, the Trustees have decided to continue lo mainl8in a designated Repairs and Maintenance
fund to meet the cost of cyclical and long term repairs and decor81ions lo the Trustees, investment
properties, all of which are Grade 2 listed buildings, and will review the amount lo be transferred to this
fund annually in the light of any known future expenditure.
The Trustees continue actively lo review their grant making policy with a view lo phasing a reduction in
the excess reserves over 10 years depending on the number of rnerilorious applications received.
The Trustees will continue to liaise with other local charities lo ensure that resources are distributed in the
best possible way arnongsl that part of the community most in need.
Trustees Responslbilities in relation to the Financial Statements
Law applicable to charili&s in England and Wales requires the Trustees lo prep8re financial statements
for each financial year which give a true and fair view ol the charity's financial activities during the year
and of its financial position at the end of the year. In preparing those financial statements, the Trustees
are required to..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles in the Ch8rilies SORP IFRS 1021.,
make judgements and estimates that are reasonable and prudent".
slate whether applicable a¢¢ounting standards and statements of recommended practice have
been followed, subject lo any departures disclosed and explained in the financial 518lemenls,' and
prepare the financi81 statements on the going concern basis unless Il is inappropriate to presume
that the Charity will continue in business.
The Trustees are responsible for keeping accounting records which disclose with reasonable ac¢ura¢y 8t
any lime the financial position ol the Charity and enable them to ensure that the financial statements
comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the Charity
and hence for taking reasonable steps for the prevention and detection of traud and other irregularities.
Approved by the Trustees and signed on their behalf by..
Date.. 26 June 2025

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
MICHAEL LOWE'S AND ASSOCIATED CHARITIES LICHFIELD
I report lo the eharity Iruslees on my examination of the accounts of the charity for the year
ended 31 March 2025 which are sel out on pages 8-15.
Responslbllltles and basi3 of report
As the charills Iruslees you are responsible for the preparation of the accounts in accordance
with the requirements of the Charities Act 2011 1 the Acl'l.
I report in respect of my examination of the chariws accounts carried out under section 145 of
the Act and in carrying out my examination I have followed all the applicable Directions given by
the Charity Commission under section 14515llbl of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come lo my allenlion
in connection with the examination giving me cause lo believe that in any material respect:
accounting records were not kept in respect of the charity as required by section 130 of the
Act., or
2. the accounts do not accord with those records., or
3. the accounts do not comply with the accounting requirements concerning the form and
onlent of accounts set out in the Charities (Accounts and Reports} Regulations 2008 other
than any requirement that the accounts give a "true and fair view, which is not a matter
considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination
lo which attention should be drawn in this report in order lo enable a proper understanding of the
accounts to be reached.
Mark Gurney FCCA, DChA
of Dains Audit Ltd
Sl John's Court
Willell Road
Lichfield
Slaffordshire
WS14 9DS
June 26, 2025
Page 7

MICHAEL LOWE'S AND ASSOCIATED CHARITIES LICHFIELD
STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 MARCH 2025
Unrestrict8d Endowmont
Income Fund
Fund
Total
2025
Total
2024
Notes
Income
Investment Income
Rent21 Income
Income from Listed Investments
Deposit Interest
75,666
37,551
75,666
37,551
74,566
36,586
Total
113,702
113,702
111,958
ExpendFturo
Raising Funds
Property Management Expenditure
Investment Portfolio Management Charges
Charitable Activities
Other
Total
21,207
1,295
69.183
11,160
102,845
21,207
6,753
69,183
11,160
108,303
20,631
6,337
66,891
11,488
105,347
5,458
5,458
Gains and losses on revaluation
and on investment asset disposals
Realised
Unrealised
Net In¢omel{Expenditure)
4,002
178
11,2781
4,002
2,178
11,579
15,814
59,436
81,861
2,OOD
12,857
Net movement in funds
12,857
11,278}
11,579
81,861
Reconciliation of Funds
Total funds brought lorward
233,046
1,802,249
2,035,295 1.953,434
Total funds carried forward
245,903
1,800,971
2,046,874 2,035,295
Page 8

MICHAEL LOWE'S AND ASSOCIATED CHARITIES LICHFIELD
BALANCE SHEET
31 MARCH 202S
2025
2024
Notes
Flxed Assets
Listed Investments
Investment Properties
1,200,284
825,000
2.025,284
1,200,773
825,000
2,025,773
Current Assets
Debtors
Bank balances..
Deposit
Current
10
24,577
17,850
11,392
6,912
42,881
9,958
500
28,308
Current Liabilities
Creditors
21,291
18,786
Net Current Assets
21,590
9,522
Net Assets
2,046,874
2,035,295
Represented By..
Unrestrlcted Income Funds
Accumulated Income Fund
Repairs and Mainlenar)ce FLJnd
137,853
108,050 245,903
117,051
82,170 233,046
Endowment Fund
1,800,971
2,046,874
1,802,249
2,035,295
These accounts were approved by the Board of Trustees on 26 June 2025 and signed on their
behalf by..
Rev l Hayier
N G Sedgwick
Page 9

MICHAEL LOWE'S AND ASSOCIATED CHARITIES LICHFIELD
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES
General
These accounts have been prepared under the historic cost convention, except for
investments and investment property, which are included on the bases sel out in Notes 9 and
2 to these accounts.
The accounts have been prepared in accordance with Accounting and Reporting by Charities..
Slalemenl of Recomrllended Practice applicable lo charities preparing their accounts in accordance
with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102)
effective 1 January 2019 and the Financial Reporting Standard applicable in the UK & Republic of
Ireland IFRS102} and the Charities Act and applicable regulations.
The charity constilules a public benefit entity as defined by FRS 102.
Funds
The permanent endowment represents those funds which musl be held permanently by the charity.
Income arising on the endowment fund can be used in accordance with the objects of the charity
and is included as unrestricted income. Any capital gains or losses arising on the investments held
within that fund form part of that fund. Investment management charges relating lo the fund are
charged against it.
The accumulated income fund comprises those funds which the trustees are free lo use in
accordance with the charitable objects.
The repairs and maintenance fund is a designated reserve which represents amounts sel aside lo
carry out future repairs lo the investment property.
Income
All income is recognised once the charity has enlillemenl lo il and il is certain that it will be
received.
Grants Payable
Grants payable are charged in the year when the offer is conveyed lo the recipient, except where
the offer is conditional, such grants being recognised as expenditure when the conditions attaching
are fulfilled.
CharitabSe Activities
Costs of charitable aclivilies include grants made, the costs incurred in running the furniture
transfer scheme and an apportionment of support costs.
Other Costs
Other costs comprise all costs involving the public accounlabilily of the charity and its compliance
with regulation and good practice.
Allocation of Support Costs
The clerk's salary has been allocated between costs of generating funds, charitable activity and
other costs. The allocation is detailed in note 7.
Postage and stationery has been allocated between charitable activity and other costs on the
basis of usage.
Page 10

MICHAEL LOWE'S AND ASSOCIATED CHARITIES, LICHFIELO
NOTES TO THE ACCOUNTS Iconlinuedl
FOR THE YEAR ENDED 31 MARCH 2025
2 PROPERTIES IENDOWMENT FUNDI
Trustees Rent
Rent in
Rent
Rent
Rent in
Rental
Valuation Arrèars
Advance Received Arrears
Advance Income due
09.06.10 31.03.24 31.03.24
31.03.25 31.03.25 for year
BORE STREET..
Nos 24 and 26
No 8 Ground Floo¥
No 8 First Floor
No 8 se￿nd Floor
BLEWITT COURT..
Unit 1
Unil 2
33,000
6,500
12,000
8,189
33.000
6,500
12,000
7,000
$42
1,731
5,250
2,000
7,792
10,500
6,666
76,855
5,250
2.000
8,981
10,500
6,666
75,666
825.000
The investment properties were revalued at £825,000 by the trustees o)n 9 June 2010 on
the basis of open market value subject to existing use.
The trustees are not aware of any rn8l&rial changes since Ihe last valuation.
Rent due under leases is as follows..
Within 1 year
Within 2 to 5 years
Over 5 years
57,832
166.790
198,000
Page11

MICHAEL LOWE'S AND ASSOCIATED CHARITIES LICHFIELD
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
3 Property Management Expenditurg
Insurance
Professional Charges
Repairs, Renewals and Ulililies
Clerk's Salary
4,632
5,400
9,864
1,311
21,207
3,418
8,826
7,122
1,265
20,631
4 Investment Portfolio Management Charges
In 2024 expenditure on investment portfolio charges lolalled £6,337 of which £1,041 was from
unrestricted income funds and £5,296 was from the endowment fund.
5 Charitable Activities
2025
2024
Grants lo Organisalions
Fuel Grants lo 12312024-1151 individuals
Other Grants lo 6212024-601 individuals
Support Costs..
Clerk's Salary
Postage Stationery and Advertising
650
22,790
26,954
5,000
19,045
24,636
18,358
431
69,183
17,715
495
66,891
Grants lo Organisalions were as follows..
British Wireless for the Blind
Si Giles Hospice
650
5,000
5,000
650
Page 12

MICHAEL LOWE'S AND ASSOCIATED CHARITIES LICHFIELD
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
6 Other Costs
Independent Examiner
Clerk's Salary
Sundry Expenses
3,440
6,556
1,164
11,160
3,232
6,326
1,930
11,488
7 Allocation of Clerk's Salary
2025
2025
2024
2024
Property Management
Charitsble Activities
Other
1,311
18,358
6,556
26,225
1,265
17,715
6,326
25,306
70
25
100
70
25
100
Basis of apportionmenl.. Staff lime
8 Related Party Transactions and Trustees Remuneratlon
No remuneration directly or indirectly out of the funds of the Charity was paid or payable for
the year to any trustee or lo any person or persons known lo be Connected with any of them.
Subsistence lolalled £73812024-£6761. No expenses were paid during the year.12024- £nill.
9 Listed Investments
Endowment Accumulated
Fund
Ineome Fund
2025
2024
UK Listed Investments
Investment Portfolio Cash
967.542
2,408
969,950
227,569
2,765
230,334
1,195,111
5,173
1,200,284
1,192,361
8,412
1,200,773
Inveslrnents held al 1.04.23
Additions al cost
Disposal proceeds
ProfitllLossl on Disposal
In¢reasellDecreasel in market value
Inveslrnents held at 31.03.24
966,792
74,212
177,642}
4,002
178
967,542
225,569
1,192,361
1,074,137
74,212
314,426
177,6421 1271,452}
4,002
15,814
2,178
59,436
1,195,111
1,192,361
2,000
227,569
Historic Cost
772,014
227,106
999,120
987,106
Inveslrnents are held in the name of 8Tewin Norninees Limited, as pooled funds.
RBC Brewin Dolphin Limited provide a discretionary management service
Page13

MICHAEL LOWE'S AND ASSOCIATED CHARITIES LICHFIELD
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
10 Debtors
2025
2024
Prepayments
Accrued Income
Other Debtors
5,136
1,444
17,997
24,577
3,930
3,600
10,320
17,850
11 Credltors
Rental Income in Advance
Other Creditors and Accruals
Grants aulhorised bul not paid
8,981
8,112
4,198
21,291
7.792
8,270
2,724
18,786
12 Unrestrictgd Income Funds
Accumulated Repairs and
Income Fund Maintenance
Fund
Total
2025
Balance a101.04.24
Nel Incominglloulgoingl Resources
Appropriation lo Repairs and
Maintenance Fund
Balance al 31.03.25
137,326
15,660
95,720
12,8031
233,046
12,857
15,133
137,853
15,133
108,050
245,903
Accumulated Repairs and
Income Fund Maintenance
Fund
Total
2024
Balance al 01.04.23
Nel Incominglloulgoingl Resources
Appropriation lo Repairs and
Maintenance Fund
Balance al 31.03.24
117,051
35,188
82,170
11,3631
199,221
33,825
14,913)
137,326
14,913
95,720
233,046
Page14

MICHAEL LOWE'S AND ASSOCIATED CHARITIES LICHFIELD
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2025
13 Analysis of Net Assets Between Funds
Accumulated Repairs and Endowment
Income Fund Maint9nance
Fund
Fund
Total
2025
Fixed Assets
Current Assets
Current Liabilities
Fund Balance
230,334
171,1901
121,2911
137,853
1,794,950 2.025,284
6,021
42,881
21,291
108,050 1,800,971 2,046,874
108,050
Accumulated Repairs and Endowment
Incomè Fund Maintenance
Fund
Fund
Total
2024
Fixed Assets
Current Assets
Current Liabilities
Fund Balance
229,595
173,4831
{18,7861
137,326
1,796,178 2,025,773
6,071
28,308
{18,786}
95,720 1,802,249 2,035,295
95,720
Page 15