__________
Registered Charity No. 526917 Celleron House, Tirril, Penrith CA10 2LS
ANNUAL REPORT
For the Year Ended 31[st] March 2025
1.0 Accounts
Audited accounts were prepared by Mrs J E Naylor of JN Accountants with income of £ 45,824 and expenditure of £ 19807
The bulk of the income is from COIF dividends which yielded £26,796 and rent of £17435 from the school house which is let Little VIPs an independent nursery adjoining the school. Expenditure included £13,750 in awards to students.
Funds at the 31[st] March 2025 were as follows:
| Penrith Building Society | £75,80 | |
|---|---|---|
| 3 | ||
| NatWest Current Account | -£1750 |
|
| NatWest Business Reserve | 66,956 | |
| Total | £141, | |
| 009 | ||
| 2.0 | There were no changes in governors during the year. | |
| 3.0 | During the year, the Endowment funded minor repairs in | |
| the | school. |
4.0 Minutes of the two meetings held in the year on 10th July and 24th October 2024 are available if required.
Signed:…………………………………………………………………. Robert Benson for and on behalf of the Trustees
Dated:…………………………………………………
Lowther School & Exhlbltlon Endowment Flnancial stat•mant 1 Aprll 2024 - 31 March 2025 Incom• Opening balances Expd[lUre 114215.67 Repairs InSW Heat & Iwt C11 tsx Pknnkng LX6ts Legal fees 1.219.41 COIF dwidend8 receNed 26.795.70 Inlere$l'. Penrith Buildkng &Kigty Nalwest 1.219.41 1,YJ4.31 7T5.48 2.LUI.00 SdKxil fepairs 2,01)J.O) S¢hwl House rent 17,434.69 Awards lo students 13.750.IXI AdmfftistraliL costs.. Management fees Pltage & copn9 cowt8nfs fee 2,500.() Examlned and nd to be correcl JN Accountants 12 May 2025 337.50 2,837.50 Cthing balances at 31.3.2025 Peryith &JildirKJ ScetY Natwest current a¢¢ounl Nalwest tsinesS reserve 75.803.22 -1,750 66.955.72 141,¢XI8.94 160.815.85 160.815.85
Lowther School & Exhlbltlon Endowment Flnancial stat•mont 1 Aprll 2024 - 31 March 2025 Incom• Opening balances Expendllure 114215.67 Repairs 1.219.41 COIF dwidend8 receNed 28.795.70 Heat & Iwt C(xrtil tsx PLinnkng costs Legal fee5 Inlere$l'. Penrith BuilsJkng &Kiety Nalwest 1.219.41 1,YJ4.31 775.48 2,C(Kl.00 s<1 fepairs 2,0.4x) Schwl House rent 17,434.69 Awards lo stud)ts 13.750.IXI Admrfilstralion costs.. Management fees pLts9e & Copn9 )wIAnfs fee 2,5Crf).(LI Examlned ar nd to be correcl JN Accountsnts 12 May 2025 337.50 2,837.50 ing balances at 31.3.2025 P8rYith 8uildiry Smty Natwest current a¢¢ount Nalwest tSinesS reserve 75.803.22 -1,750 (KI 66.955.72 141,¢XI8.94 160.815.85 160.815.85
Lowther School & Exhlbltlon Endowment Flnancial stat•mant 1 Aprll 2024 - 31 March 2025 Incom• Opening balances Expd[lUre 114215.67 Repairs InSW Heat & Iwt C11 tsx Pknnkng LX6ts Legal fees 1.219.41 COIF dwidend8 receNed 26.795.70 Inlere$l'. Penrith Buildkng &Kigty Nalwest 1.219.41 1,YJ4.31 7T5.48 2.LUI.00 SdKxil fepairs 2,01)J.O) S¢hwl House rent 17,434.69 Awards lo students 13.750.IXI AdmfftistraliL costs.. Management fees Pltage & copn9 cowt8nfs fee 2,500.() Examlned and nd to be correcl JN Accountants 12 May 2025 337.50 2,837.50 Cthing balances at 31.3.2025 Peryith &JildirKJ ScetY Natwest current a¢¢ounl Nalwest tsinesS reserve 75.803.22 -1,750 66.955.72 141,¢XI8.94 160.815.85 160.815.85
Lowther School & Exhlbltlon Endowment Flnancial stat•mont 1 Aprll 2024 - 31 March 2025 Incom• Opening balances Expendllure 114215.67 Repairs 1.219.41 COIF dwidend8 receNed 28.795.70 Heat & Iwt C(xrtil tsx PLinnkng costs Legal fee5 Inlere$l'. Penrith BuilsJkng &Kiety Nalwest 1.219.41 1,YJ4.31 775.48 2,C(Kl.00 s<1 fepairs 2,0.4x) Schwl House rent 17,434.69 Awards lo stud)ts 13.750.IXI Admrfilstralion costs.. Management fees pLts9e & Copn9 )wIAnfs fee 2,5Crf).(LI Examlned ar nd to be correcl JN Accountsnts 12 May 2025 337.50 2,837.50 ing balances at 31.3.2025 P8rYith 8uildiry Smty Natwest current a¢¢ount Nalwest tSinesS reserve 75.803.22 -1,750 (KI 66.955.72 141,¢XI8.94 160.815.85 160.815.85