Charity Registration No. 1131791 THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CANVEY ISLAND ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 MAYNARD HEADY LLP CHARTERED ACCOUNTANTS
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CANVEY ISLAND LEGAL AND ADMINISTRATIVE INFORMATION Truslees Rev Marion Walford B A {Hons) Rev LA McGlynn Mrs J C Allen RGN MrPLKing Mrs J Light Mrs S M Elliott Mrs J Ball Mrs N Salmon Mrs D Hoad Mrs N Lee Mrs E Mizon Mrs H King Mr R Sheerrnan Mrs M Tackie- Obende Mr C Denman Mrs U Mills Ralph Mr P Ralph Mrs K Bates Mrs L Carlane Mrs P French Mrs E Denman Mrs G Fieldwick Mrs A Penman-Barry Mrs A Taylor Mrs J Sheerman Mr R Dudman Mrs C Toplis Mrs BAlagbe Mrs J Dudman Mrs C Seymour Mrs R Johnson Charity number (England and Wales) 1131791 Principal address St Nicholas Church 208 Long Road Canvey Island Essex SS8 OJR Independent examiner Maynard Heady LLP Matrix House 12-16 Lionel Road Canvey Island Essex SS8 9DE
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CANVEY ISLAND CONTENTS Page Trustees, report Statement of Trustees. responsibilities Independent examinerfs report Stalement of financial activilies Balance sheet 10 Notes to the financial statements
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CANVEY ISLAND TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees present their annual report and financial statements for the year ended 31 December 2024. Administrative Information The Parish of Canvey Island is a Team Ministry comprising of the three Anglican churches. St Nicholas's, Sl Anne's and Sl Kalherine's situated in Canvey Island Essex. It is part of the DI0Se of Chelmsford within the Church of England. The correspondence address is The Parish Office, 208 Long Road, Canvey Island, Essex, SS8 OJR. The Parochial Church Council (PCC) is a charity now required to register with the Charily Commission 1131791. No. PCC Members who have served from 1 January 2024 until the date this report was approved are: haimian eam Vicar Associate Priest he Revd Marion Walford he Revd Lesley McGlynn Licensed Lay Ministers Mrs Karen Bates Mrs Jacqui Li ht Mr Peter King Mrs Helen King Mr Redvers Dudman Mrs Jo Allen Mrs Janet Ball Mrs Nina Salmon Mrs Nicola Lee Mrs Susan Elliott Mr Colin Denman Mrs Michelle Obende Parish Wardens Dislricl Wardens Representative General S nod Representstives on the Deanery Synod on Mrs Pam French Mr Roy Sheerman Mrs Jacky Sheerman Mrs Betty Ala Mrs Linda Carfane Mrs Doreen Hoad Mrs Nicki Lee Mrs Unis Mills-Ralph Mrs Elaine Mizon Mr Peter Ralph Elected Members Ctropted Members MrsAnne Marie Ta lor Headleacher The financial statements have been prepared in acGordance with the accounting policies set out in note 1 to the financial stalements and comply with the charity's governing documents under the Parochial Church Council Powers Measure (1956) as amended and Church representation rules. the Charities Act 2011 and "Accounting and Reporting by Charities- Statement of Recommended Practi applicable to charities preparing their accounts in accordance with Ihe Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (as amended for accounting periods commencing from 1 January 2016). Objectives and activities The charity's objects are to promote Ihe mission of the Church in the ecclesiastical parish of Canvey Island. The policies adopled in furtherance of these objeds are to provide buildings, services and facilities to the public and there has been no change in these during the year.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CANVEY ISLAND TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 The aims of the Charity are to promote the whole mission of the Church in the ecclesiastical parish of Canvey Island. The Charity provides public benefft in accordance with The Charities Act 2011. The charity achieves its aims by providing buildings, facilities and open spaces along with other services. Public benefit The trustees have paid due regard to guidance issued by the Charity Commission in deciding what aGtivsties the Gharity should undertake.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CANVEY ISLAND TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 The Parish of Canvey Island's PCC has the responsibility during this time of co-operating with The Revd Marion Walford who has responsibility for the parish during this period, and the ministry leaffl, in promoting in the ecclesiastical Parish the whole mission of the Church. pastoral, evangelistic, social and ecumenical. 11 also has Maintenan responsibilities for the St Nicholas Church and St Nicholas Centre. Long Road, Canvey Island, as well as the St Anne's Church Hall, St Anne's Road. Canvey Island and making a conlribution towards Ihe costs at St Katherine's Centre (which is situated in the schooD. We are registered as an Inclusive Church.. this is fully supported by the PCC. 10 am services at St Nicholas are live streamed through The Sunday Se1. The Sunday Service enables local Church Services to be watched wherever people are throughout the world. Review Of The Year PCC SECRETARY'S REPORT There have been five PCC meetings during the year, each of these were prerEded by a Eucharist. The attendance al the meeting5 has been good. Prior to each meeting the PCC members received minutes and reports from the DCC'S, St Katherine's Church of England School. with the opportunity to review and discuss them at the meetings. in addition to verbal r6POrts being received. The PCC encouraged the Church and the Community to reflect on 'Travelling Well Together,. st Katherine's C of E Primary School continue to hold face to face assemblies. Aletta Penman-Barry and Sam Tudor are both in their first year of ordination training. Steven Gard is in his second year of Iraining a5 a Licensed Lay Minister and has been on placement. Revd Lesley McGlynn, Revd Terry Brown, Karen Bates and Helen King have completed their safeguarding leadership training. Messy Church- numbers attending have increased. The service at St Nicholas at 10am is Live Streamed. Moming prayers on Monday via Zoom works well, bringing people together as one Church family. Bereavement Service took place for those bereaved during the last year. St Nicholas Pop Up Foodbank continues to increase. Pilgrimage to Ely Cathedral was lovely. St Nicholas and St Katherine's have both achieved a Silver Eco Church Award. St Anne's is working towards a bronze award. Leadership is Gold in all Churches. Women's and Men's Breakfast are now ioinl. Good feedback feels that everyone mixes well. A Coronation shared lunch and the King Charle5 Big Help Out, a Coronation volunteer day, look place. Both were well supported. servIs were held with and for Schools lebrating Harvest. Remembrance servi was held at the Paddocks. in the Knightswick Centre and in St Nicholas. Christingle Services and Carol seices and Mary and Joseph visiled every School during Advent. Carol Singing took place in local Care Homes. Various fund raising events were held during the year including a Curry Night, Variety Evening, Fun Day. Michaelmas Fayie, Line Dancing. Christmas Market, Christmas Tree Festival. St Nicholas took part in the Garden Trail. The cladding of St Nicholas Hall and Centre has been completed.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CANVEY ISLAND TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Financial review During the year the Charity had total income of £187.677 (2023.. £171,669), an increase of £16,008 for the year. Total expenditure amounted to £159,202 (2023.. £131,573) leaving a net surplus for the year of £28,475 (2023: £40,096). The main source offunds was from donations. Going Goncem The financial statements are prepared on the going conrn basis. Trustees are confident that the Charity will be able to continue its operations for the foreseeable fLrture. Reserves policy It is Ihe policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalenl to beeen three and six month'5 expenditure. The truslees Gonsider that reserves at this level will ensure that, in the evenl of a Signifint drop in funding. they will be able to continue the charity's CUTrent activities while consideration is given to ways in which additional fvnds may be raised. this level of reserves has been maintained throughout the year. Majorrisks The trustees have assessed the major risks to which the charity is exposed, and are Satisfied that systems are in place to mitigate exposure to the major rtsks. Structures governance and management The charity is a Parochial Church Council.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CANVEY ISLAND TRUSTEES. REPORT ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 The trustees who seNed during the year are shown below. Rev Marion Walford B A (Hons) Rev LA McGlynn Mrs J CAllen RGN MrPLKing Mrs J Light Mrs S M Elliott Mrs J Ball Mrs N Salmon Mrs D Hoad Mrs N Lee Mrs E Mizon Mrs H King Mr R Sheerman Mrs M Tackie- Obende Mr C Denman Mrs U Mills Ralph Mr P Ralph Mrs K Bates Mrs L Carlane Mrs P French Mrs E Denman M15 G Fieldwick Mrs A Penman-Bary MrsA Taylor Mrs J Sheerman Mr R Dudman Mrs C Toplis Mrs B Alagbe Mrs J Dudman Mrs C Seymour Mrs R Johnson Recmitment and 8ppointment of truslees Member5 of the Parish Church Council are trustees. The trustees are elected at the Annual Parochial Church Meeting. Mefflbers of the Clergy are not elected bul are automatically part of the Parish Church Council and are thefOre also trustees. Details of the role of Irustees are issued to newly appointed members. New members are paired with long standing members who can guide new members and help with any que51ions they have. The method of appointment of PCC members is sel out in the Church Representation Rules. All Church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CANVEY ISLAND TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees, report was approved by the Board of Truslees. Rev Trustee alford B A (Hons) Date..
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CANVEY ISLAND STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2024 The truslees are responsible for preparing the Trustees, Report and the financial statements in accordance wilh applicable law and United Kingdom Accounting Standards (United Kingdom Generally ACpted Accounting Praclice). The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the tharity for that year. In preparing these financial statements, the trustee5 are required to: select Suitable accounting policies and then apply them consistently., observe Ihe methods and principles in the Charilies SORP., make judgements and estimates that are reasonable and prudent- state whether applicable accounling standards have been followed. subject to any material departures disclosed and explained in the financial statements.. and prepare Ihe financial slatements on the going concern basis unless it 15 inappropriate to presume thal the charity will continue in operation. The trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Acl 2011, the Charity (Accounts and Reports} Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the asset5 of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CANVEY ISLAND INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CANVEY ISLAND I report to the trustees on my examination of the financial statements of The Parochial Church Council Of The Ecclesiastical Parish of Canvey Island (the charity) for the year ended 31 December 2024. Responslbilities and basis of report As the trustee5 of the charity you are responsible for the preparation of the financial ststements in accordance with the requirements of the Charities Act 2011. I report in respect of my examination of the charity's financial statements rArried out under section 145 of the Charities Act 2011. In carying out my examination I have followed the Directions given by the Charity Commission under section 145(5){b) of the Charities Act 2011. Independent examinerfs statement I have completed my examination. I confimi that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. Accounting records were not kept in respect of the charity as required by seclion 130 of the 2011 Act,. or The financial statements do not arLord with those records., or The financial slalements do not comply wilh the applicable requirements concerning the form and content of acGounts sel 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 examinalion. I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. ,/y, J IIJ Maynard Heady LLP Matrix House 12-16 Lionel Road Canvey Island Essex SS8 9DE Date-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CANVEY ISLAND STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Totsl 2024 2023 Notss Income and endowments from: Donations and legacies Charitable activities Investments Other income 93.653 84.102 3,870 815 4.607 630 98,260 84,732 3.870 815 76,252 83,046 2,273 900 8,298 871 29 84.550 83.917 2.302 900 Total income 182.440 5,237 187,677 162,471 9,198 171.669 Expenditure on: Raisin funds Fundraising and publicity 156 156 317 317 Charitable activities Depreciation Ministry costs 268 154,686 268 158,778 347 120,988 347 130,909 4.092 9.921 Totsl charitable expenditure 154,954 4,092 159,046 121,335 9,921 131,256 Total expenditure 155.110 4,092 159.202 121.652 9,921 131.573 Net income and movement in funds 27,330 1.145 28,475 40.819 (723) 40,096 Reconciliation of funds: Fund balances at 1 January 2024 124,117 120.583 244,700 83,298 121,306 204,604 Fund balances at 31 December 2024 151,447 121,728 273,175 124.117 120,583 244.700 The slalement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from conlinuing activities.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CANVEY ISLAND BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Notes Flxed assets Tangible assets 13 1.006 1,274 Current assets Cash at bank and in hand 272,296 244.680 Creditors: amounts falling due within one year 14 (127) (1,254) Net current assets 272,169 243.426 Total assets less current liabilities 273.175 244,700 The funds of the charity Restricted income funds Unrestricted funds 15 16 121,728 151,447 120.583 124,117 273,175 244,700 The financial statements were approved by the trustees on .70 Revm Trustee ford BA (Hons) 10-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CANVEY ISLAND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies Charity infomiation The Parochial Church Council Of The Ecclesiastical Parish of Canvey Island is a parish council govemened by the Parochial Church Council Powers Measure (1956) as amended and Church representation rules. 1.1 Accounting convention The financial statements have been prepared in accordance with the charity's governing documents under the Parochial Church Council Powers Measure (1956) as amended and Church representation rules, the Charities Act 2011 and "Accounting and Reporting by Charities.. Stalement of Recommended Piactice applicable lo charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)° (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entty as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements have departed from the Charities (Accounts and Reports) Regulalions 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather Ihan the version of the Slatemenl of Recommended Practice which is referred to in the Regulations but which has since been withdrawn. The financial statements are prepared in sterling, which is the functional currency of the charity. Monelary amounts in these financial statèments are rounded to the nearest £. The financial statements have been prepared under the hislorical cost convention. The principal accounting polic¢es adopted are set out below. 1.2 Going concem At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable fijture. Thus the trustees continue to adopt the going concern basis of accounting in preparÈng the financial statements. 1.3 Charitable funds Unrestticted funds are available for use at the discretion of the trustees in furtherance of their charitable objeGtive5. Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to Ihe financial slatement5. Designated funds are subject to specific conditions by donors that the capital must be maintained by the charity. 1.4 Income Income is recognised when the chariiy is legally entitled to it after any performance conditions have been met, the amounts Gan be measured reliably. and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are reGognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Legacies are recognised on receipt or othemise rf the charlty has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. 11
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CANVEY ISLAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies (Continued) 1.5 Expenditure Liability recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. Capitalisation policy It is the charity's policy to write off items of capital expenditure below £500 to Ihe income and expenditure account. VAT As the charity is not registered for VAT all IeCOVerable VAT paid is written off to the income and expenditure account. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation. net of dépreciation and any impaimienl losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Fixtures and fittings Computers 15 % reducing balance 250/0 reducing balance The gain or loss arising on the disposal of an asset is determined as the difference between the sale prOedS and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Impainnent of fixed assets At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impaimient loss. If any SLtch indicalion exi51s. the recoverable amount of the asset is estimated in order lo determine the exient of the impairment loss lif any). 1.8 Cash and cash equivalents Cash and cash equivalents indude cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 ETnployee benefits The cost of any unused holiday enlitlement is recognised in the period in which the employee's services are received. Termination beneffls are recognised immediatety as an expense when the charity is demonstrably ¢ommiited to terminate the employment of an employee or lo provide termination benefft5. 12-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CANVEY ISLAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Critical accounting estimates and judgements In the application of the charity's accounting policies, the Irustees are required to make judgements, estimales and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered lo be relevant. Actual results may differ from these eslimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimale is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both currenl and future periods. Voluntsry income Unrestrfcted Restricted funds funds general 2024 Totsl Unrestricted Restricted funds funds general 2023 Total 2024 2024 2023 2023 Donations and gifts Grants 93.153 500 4.607 97,760 500 69,412 6,840 8,298 77,710 6,840 93,653 4.607 98,260 76,252 8,298 84,550 Donations and gifts Planned giving Collections Sundry donations and appeals 34,321 14.395 56 160 34,377 14,555 49,266 16,679 8,298 57,564 16,679 44.437 4.391 48.828 3,467 3,467 93,153 4,607 97,760 69,412 8,298 77,710 13-
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CANVEY ISLAND NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income from investments Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Interest receivable 3,870 3,870 2,273 29 2,302 Other inGome Unrestricted Unrestricted funds funds 2024 2023 Insurance claims 815 900 Expenditure on raising funds Unrestricted Unrestricted funds funds 2024 2023 Costs of generating voluntary income Staging fundraising events 156 317 15-
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CANVEY ISLAND NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Net movement in funds 2024 2023 The net movement in fijnds is stated after chargingl(crediting)- Fees payable for the independent examination of the charity's financial statemenls Depreciation of owned tangible fixed assets 268 347 10 Trustee5 During the year thg following Trustees received expenses in relation to the charity-_ Rev M Walford £2,492 (2023: £3,100) Rev L Mc Glynn £181 (2023- £394) P King £145 {2023: £66) The above payments were with re5ped to parish expenses. Thè folloviing trustees also received the following remuneration for cleaning and maintenance of the halls during the year.- J Ball £1,745 (2023= £1,560) and NLee £1.745 {2023-. £1,560) 11 Employees The average monthly number of employees during the year was.. 2024 Number 2023 Number There were no employees whose annual remuneration was more than £60,000. 12 Taxation The charity is exempt from taxation on its activities because all its income is applied for Gharitable purposes. 18
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CANVEY ISLAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 13 Tangible fixed assets Flxtures and Ilttlngs Comput$TS Total Cost At 1 January 2024 1.000 3,169 4,169 At 31 Dernber 2024 1,000 3.169 4,169 Depreciation and impaimient At 1 January 2024 Depreciation charged in the year 498 75 2,397 193 2,895 268 At 31 December 2024 573 2,590 3,163 Carrying amount At 31 Dember 2024 427 579 1,006 At 31 December 2023 502 772 1.274 14 Creditors: amounts falling due within one year 2024 2023 Other creditors 127 1,254 15 Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. At 1 January 2024 Incoming resources Resources expended At31 December 2024 120,583 5,237 (4,092) 121,728 Previous year: At 1 January 2023 Incoming resources Resources expended At31 December 2023 121,306 9,198 (9,921) 120,583 19
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CANVEY ISLAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 16 Unrestricted funds The unrestricted funds of the charily comprise the unexpended balances of donations and grants which are not subject to specific ¢onditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At31 December 2024 At 1 January 2024 Incoming resources Resources expended General funds 124.117 182,440 (155.110) 151,447 Previous year: At 1 January 2023 Incoming resources Resour¢es expended At31 December 2023 General funds 83,298 162,471 (121,652) 124,117 17 Analysis of net assets between funds Unrestricted funds 2024 Restricted funds 2024 Total 2024 At 31 December 2024: Tangible assets Current a55elsl{liabilities) 1,006 150,441 1,006 272,169 121,728 151,447 121,728 273,175 Unrestrlcted funds 2023 Restricted funds 2023 Totsl 2023 At 31 December 2023: Tangible assets Current assetsl{liabilities) 1,274 122,843 1,274 243,426 120,583 124,117 120,583 244,700 18 Related party transactions There were no disclosable related party transactions during the year (2023 - none). -20-
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CANVEY ISLAND NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 19 Independent Examiners Fees Maynard Heady LLP have conducted the Independent Examination of the Charity on a pro bono basis. 21