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 cll￿ent Account
Natwest Business Reserve
Total
-£1548
£114J16
There were no ¢l￿ngeS 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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