**________________________________________** 

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|<br>-£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
Exp￿d[lUre
114215.67
Repairs
InSW￿
Heat & Iwt
C￿￿11 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
Pl￿tage & cop￿n9
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 Sc￿etY
Natwest current a¢¢ounl
Nalwest t￿sinesS 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
pL￿ts9e & Cop￿n9
)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 t￿SinesS 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
Exp￿d[lUre
114215.67
Repairs
InSW￿
Heat & Iwt
C￿￿11 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
Pl￿tage & cop￿n9
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 Sc￿etY
Natwest current a¢¢ounl
Nalwest t￿sinesS 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
pL￿ts9e & Cop￿n9
)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 t￿SinesS reserve
75.803.22
-1,750 (KI
66.955.72
141,¢XI8.94
160.815.85
160.815.85