Lowther School and Exhibition Endowment Registered Charity No. 526917 Celleron House, TirriL Penrith CAIO 2LS ANNUAL REPORT For the Year Ended 31st March 2024 1.0 Aceounts Audited accoimts were prepar¢d by Mrs J E Naylor of JN Accountants with incoTne of £ 41,989 and expenditure of £ 18,344 The bulk of the income is from COIF dividends which yielded £26,270 and rent of £14022 from the school house which is let Little VIPS an independent nursery adjoining the school. Expenditure included £12450 in awards to students. Funds at the 3 1st March 2024 were as follows: Penrith Building Soci¢ty £74,209 Natwest cllent Account Natwest Business Reserve Total -£1548 £114J16 There were no ¢lngeS in governors during the year. During the ycar, the Endowment funded minor r¢pairs in the Sch(1. Minutes of the two meetings held in the year on 12th July and 18th October 2023 are available if required. Signcd-................ Robert Benson for and on behalf of the Trustees
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