Docusign Envelope ID.. ESC47661 F84428-9552-546117D86CAC Charity registration number 1157748 (England and Wales) ST. MARY WITH ST. GEORGE, HORNSEY, PAROCHIAL CHURCH COUNCIL ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
Docusign Envelope ID.. ESC47661 F84428-9552-546117D86CAC ST. MARY WITH ST. GEORGE. HORNSEY, PAROCHIAL CHURCH COUNCIL INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF ST. MARY WITH ST. GEORGE, HORNSEY, PAROCHIAL CHURCH COUNCIL I report to the Members on my examination of the financial statements of St. Mary with St. George, Hornsey, Parochial Church Council (the charity) for the year ended 31 December 2024. Responsibilities and basis of report As the Members of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011. I report in respect of my examination of the charity's financial statements Caled out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the CharitiesAct 2011. Independent examinerfs statement Your attention is drawn to the fact that the charty has prepared the finanaal statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102} in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extsnt regulations but has now been withdrawn. l understand that this has been done in order for the financial statements to provide a true and fair view in accordan with UK Generally Accepted Accounting Prath'. 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 section 130 of the Charities Act 2011. the financial ststements do not accord wth those records: or the financial statements do not comply with the applicable requirements conceming the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a true and fair view, which is not a matter considered as part of an independent examination. I have no concerns 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. Do¢uSlgned by.. C08ACC3DD2CA471.. Marc Bennett Independent Examiner 2nd Floor 201 Haverstock Hill Belsize Park London NW3 4QG United Kingdom 13 May 2025 1 1:34 AN PDT
Docusign Envelope ID.. ESC47661 F84428-9552-546117D86CAC ST. MARY WITH ST. GEORGE. HORNSEY, PAROCHIAL CHURCH COUNCIL STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Current financial year Unrestricted funds 2024 Restricted funds 2024 Totsl Totsl 2024 2023 Notes Income from: Donations and legacies Charitable activities Investments 82.463 86.325 3.161 18.150 2.965 3.455 100,613 89,290 6,616 69,989 134,678 4,826 Total income 171.949 24.570 196.519 209.493 Expenditure on: Raising funds Charitsble adivities 4,604 167,295 4,604 188,798 1,588 224,952 21,503 Total expenditure 171,899 21,503 193,402 226,540 Net gains on investments 12 2,742 2,742 11,113 Net incomel(expenditure) 50 5.809 5,859 {5,934) Transfers between fvnds 410 (410) Net movement in funds 460 5,399 5,859 {5,934) Reconciliation of funds: Fund balances at 1 January 2024 144,385 280,090 424,475 430,409 Fund balances at 31 December 2024 144,845 285,489 430,334 424,475 The statement of finanaal activities indudes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
Docusign Envelope ID.. ESC47661 F84428-9552-546117D86CAC ST. MARY WITH ST. GEORGE. HORNSEY, PAROCHIAL CHURCH COUNCIL STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Prior financial year Unrestricted funds 2023 Restricted funds 2023 Totsl 2023 Notes Income from: Donations and legacies Charitable activities Investments 53.489 131.563 1.259 16,500 3,115 3,567 69,989 134,678 4,826 Total income 186,311 23.182 209.493 Expenditure on: Raising funds Charitsble adivities 1,588 202,932 1,588 224,952 22,020 Total expenditure 204,520 22,020 226,540 Net gains on investments 12 11,113 11,113 Net incomel(expenditure) and movement in funds (18.209) 12,275 {5,934) Reconciliation of funds: Fund balances at 1 January 2023 162.594 267.815 430.409 Fund balances at 31 December 2023 144,385 280,090 424,475
Docusign Envelope ID.. ESC47661 F84428-9552-546117D86CAC ST. MARY WITH ST. GEORGE. HORNSEY, PAROCHIAL CHURCH COUNCIL BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 Notes Fixed assets Tangible assets Investments 14 15 105,918 113.664 107,433 128,209 219,582 235,642 Current assets Debtors Cash at bank and in hand 16 20.753 211.497 8.971 197.597 232,250 206,568 Creditors: amounts falling due within one year 17 (21.498) (17,735) Net current assets 210,752 188,833 Total assets less current liabilities 430,334 424.475 Income funds Restricted funds Unrestricted funds Designated funds General unrestricted funds 18 285,489 280,090 19 70,283 74,562 53,383 91,002 144,845 144,385 430,334 424,475 11 May 2025 | 2:31 PM BST The financial ststements were approved by the Members on ......................... SkJned by.. k35oAwE83FF. Fr. B. Batstone- Chairman
Docusign Envelope ID.. ESC47661 F84428-9552-546117D86CAC ST. MARY WITH ST. GEORGE. HORNSEY, PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies Charity information St. Mary with St. George, Homsey, Parochial Church Council is a religious charity governed by the provisions of the Parochial Church Counals (Powers) Measure 1956 and by the Church Representation Rules.. 1.1 Accounting convention The financial statements have been prepared in accordance with the charity's trust deed, the Charities Act 2011 and "Accounting and Reporting by Charities= Statement of Recommended Practice applicable to charities preparing their accounts in accordance 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 Entity 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) Regulations 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 than the version of the Statement 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 fvnctional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below. 1.2 Going concem At the time of approving the financial statements, the Members have a reasonable expectation that the charity has adequate resources to continue in operational existen for the foreseeable future. Thus the Members continue to adopt the going concem basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestricted funds are available for use at the discretion of the Members in rtherance of their charitable objectives. 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 the financial statements. Endowment 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 charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably. and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require defeal of the amount. Income tax recoverable in relation lo donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Docusign Envelope ID.. ESC47661 F84428-9552-546117D86CAC ST. MARY WITH ST. GEORGE. HORNSEY, PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies {Continuedl Legacies are recognised on receipt or othewse if the charity has been notified of an impending distribution, the amount is known, and reIpt is expected. If the amount is not known, the legacy is treated as a contingent asset. 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activty are apportioned beeen those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset's use. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs relating to that category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the obligation can be measured reliably. it is categorised under the following headings= Costs of raising funds only applicable where there is a special appeal Expenditure on charitable activities includes the running of the church and church hall,. and Other expenditure represents those items not falling into the categories above. Grants payable to third parties are within the charitable objectives. Where unconditional grants are offered. this is accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable expectation that the recipient will receive the grants. It is not the Practi of the the charity to award grants that are conditional on perfomiance. 1.6 Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impaimient 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= Leasehold land and buildings Fixtures and fittings 50A Straight Line 200A Reducing Balan The gain or loss arising on the disposal of an asset is detemiined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. 1.7 Fixed asset investments Fixed asset investments are initially measured at transaction pri excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net incomel(expenditure) for the year. Transaction costs are expensed as incurred. 1.8 Impairment of fixed assets At each reporting end date, the charity reviews the carying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impaimient loss (if any).
Docusign Envelope ID.. ESC47661 F84428-9552-546117D86CAC ST. MARY WITH ST. GEORGE. HORNSEY, PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Accounting policies {Continuedl 1.9 Cash and cash equivalents Cash and cash equivalents include 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. 1.10 Financial instruments The charity has elected to apply the provisions of Section 11 '8asic Financial Instruments, and Section 12 'other Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes paty to the contractual provisions of the instrument. Financial assets and liabilities are offset. with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and setde the liability simultaneously. Basic financial assets Basic financial assets. which indude debtors and cash and bank balans, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction. where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost. using the effective interest rate method. Trade creditors are obligations to pay for goods or ServIS that have been acquired in the ordinary course of operations from suppliers. Amounts payable are dassified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of financial liabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 1.11 Employee benefits The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide temiination benefits.
Docusign Envelope ID.. ESC47661 F84428-9552-546117D86CAC ST. MARY WITH ST. GEORGE. HORNSEY, PAROCHIAL CHURCH COUNCIL 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 Members are required to make judgements, estimates and assumptions about the carying 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 to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and tUre periods. Donations and legacies Unrestricted Restricted funds funds Total Unrestricted funds Restricted funds Total 2024 2024 2024 2023 2023 2023 Donations and gifts Legacies receivable Performance related grants 73,963 1,000 73,963 1,000 53,489 53,489 7.500 18,150 25,650 16,500 16,500 82.463 18,150 100.613 53,489 16,500 69,989 Donations and gifts standing orders and envelopes Other donations and gifts Donations and appeals 38,545 26,824 8,594 38,545 26,824 8,594 35,259 35,259 18,230 18,230 73.963 73,963 53,489 53,489 Legacies receivable Sally Allender 1.000 1.000 1,000 1,000
Docusign Envelope ID.. ESC47661 F84428-9552-546117D86CAC ST. MARY WITH ST. GEORGE. HORNSEY, PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Donations and legacies {Continuedl Grants receivable for core activities St. Mary's C.E School (Greig Trust) Haringey Council Benefact Trust Grant 18,150 18,150 1,000 6.500 16,500 16,500 1,000 6.500 7.500 18,150 25.650 16,500 16,500 Income from charitable activities Unrestricted Restricted funds funds 2024 2024 Total Unrestricted Restricted funds funds 2023 2023 Total 2024 2023 Sale of goods Charitable rental income other income 1.094 130,469 1.094 133,584 86,325 2,965 89,290 3,115 86,325 2,965 89,290 131,563 3,115 134,678 Investments Unrestricted Restricted funds funds Total 2024 Total 2023 C.B.F. Income Shares Interest receivable 3,455 3,455 3,161 3,505 1,321 3.161 3.161 3,455 6.616 4.826 For the year ended 31 December 2023 1.259 3,567 4.826 Raising funds 2024 2023 Fundraisin and ublici Staging fundraising events 4,604 1.588 4,604 1,588
Docusign Envelope ID.. ESC47661 F84428-9552-546117D86CAC ST. MARY WITH ST. GEORGE. HORNSEY, PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Raising funds {Continuedl Expenditure on charitable activities Charitable Governance Expenditure 2024 Total Charitsble Expenditure 2023 2024 2024 Direct costs Staff costs Depreciation and impaimient Charitable expenditure 17.750 1.814 167.644 17,750 1,814 167,644 17,757 1,868 203.815 187.208 187,208 223.440 sha of support and governance costs (see note 8) Governan 1,590 1,590 1,512 187,208 1,590 188,798 224,952 Analysis by fund Unrestricted funds Restricted ndS 165.705 21.503 1,590 167,295 21,503 202,932 22,020 187.208 1.590 188,798 224,952 Support costs allocated to activities 2024 2023 Governan costs 1,590 Analysed between: Heading #ac982 Heading #ac988 1,512 1,590 1.590 1.512 WARNING - DOES NOT AGREE Net movement in funds {1,512) 2023 2024 The net movement in funds is stated after chargingl{crediting)'. Fees payable for the independent examination of the charity's financial statements Depreciation of owned tangible fixed assets 1.814 1.868 10-
Docusign Envelope ID.. ESC47661 F84428-9552-546117D86CAC ST. MARY WITH ST. GEORGE. HORNSEY, PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 10 Members None of the Members (or any persons connected with them) received any remuneration or benefits from the charity during the year. 11 Employees The average monthly number of employees during the year was.. 2024 Number 2023 Number Employment costs 2024 2023 Wages and salaries 17,750 17,757 During the year the Parochial Church Council {PCC) employed a lay worker, a church hall manager, a book- keeper and a cleaner.. none of whom were paid £60.000 a year or more. No member of the PCC has received emoluments or has been reimbursed expenses for services as a member of the PCC. There were no employees whose annual remuneration VRS more than £60,000. 12 Gains and losses on investments Restricted funds 2024 Restricted funds 2023 Gainslllossesl arising on= Revaluation of investments Sale of investments (4,314) 7,056 11,113 2,742 11,113 13 Taxation The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. 11
Docusign Envelope ID.. ESC47661 F84428-9552-546117D86CAC ST. MARY WITH ST. GEORGE. HORNSEY, PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 14 Tangible fixed assets Leasehold Fixtures and land and fittings buildings Total Cost At 1 January 2024 Additions 136,092 5,738 300 141,830 300 At 31 December 2024 136,092 6,038 142,130 Depreciation and impaimient At 1 January 2024 Depreciation charged in the year 30,941 1,298 3,457 516 34,398 1,814 At 31 December 2024 32,239 3,973 36,212 Carrying amount At 31 December 2024 103,853 2.065 105.918 At 31 December 2023 105,151 2,282 107,433 15 Fixed asset investments Listed investments Cost or valuation At 1 January 2024 & 31 December 2024 128,209 Carrying amount At 31 December 2024 128,209 At 31 December 2023 128,209 16 Debtors 2024 2023 Amounts falling due within one year: Trade debtors Other debtors Prepayments and accrued income 18,816 1,937 3,499 5,142 330 20,753 8,971 12-
Docusign Envelope ID.. ESC47661 F84428-9552-546117D86CAC ST. MARY WITH ST. GEORGE. HORNSEY, PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 17 Creditors: amounts falling due within one year 2024 2023 Payments received on account Trade creditors Other creditors Accruals and deferred income 12,100 3,934 319 5,145 11,000 918 501 5,316 21.498 17.735 13-
Docusign Envelope ID.. ESC47661 F84428-9552-546117D86CAC ST. MARY WITH ST. GEORGE. HORNSEY, PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 18 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. Movement in funds Incoming Resources Transfers resources expended Balance at 1 January 2024 Gains and Balance at 31 losses December 2024 Catechist Funds Field Propety Friendly Hand - Angel Fund Urban Quiet Hornsey Parochial Charities Greig Trust (St. Mary's C.E. School) 267,617 18 3,455 (1,298) 2,742 272,516 19 4.059 2.330 4.059 2.429 2.964 (2.455) (410) 4,973 4,973 1.093 18.150 (17.750) 1.493 280.090 24.570 (21.503) (410) 2.742 285.489 Hornsey Parish Catechist Funds are held in connection with the Church of England (registered charity No 260693) and were amalgamated wth the Parish Hall Charity under a Schedule of the Commissioners dated 8th August 1986 and comprises funds from the sale of St. Mary's Church Hall. The capital is pemianently endowed to provide land and buildings for the use of the Church of St. Mary with St. George in the Parish of Homsey, and currently consists of the curate's flat and shares in the Central Board of Finance. The income is to be used for general purposes. The London Diocese Fund is the custodian trustee. The members of the PCC are the managing trustees. The Church Field Ecclesiastical Charity (registered charity no 2606941 is governed by a scheme dated 5th June 1953. The capital is permanently endowed and the income is to be used to maintain and repair the fabric of the church. The members of the PCC are the managing trustees. Friendly Hand have provided funds for Christian Youth Activities. Funds given in previous years remain in theAngel Fund. Urban Quiet consists of funds raised through remuneration to the current incumbent for teaching and training dLrties undertaken. Income is to be used for clergy training and development and for the support of retreats and spiritual direction for members of the congregation. Hornsey Parochial Charities have provided funds in order to help the acquisition of an electric piano for the Kindle choir. The Greig Trust, via St. Mary's C.E School provides a grant to support the salary costs of the parish's Lay Schools Worker. 14-
Docusign Envelope ID.. ESC47661 F84428-9552-546117D86CAC ST. MARY WITH ST. GEORGE. HORNSEY, PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 19 unstrICted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions 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. At 1 January 2024 Incoming resources Resources expended Transfers At31 December 2024 Church Development Fund General funds 53,383 91,002 20,945 151,004 {4,045) (167,854) 70,283 74,562 410 144,385 171.949 (171,899) 410 144,845 Previous year: At 1 January 2023 Incoming resources Resources expended Transfers At31 December 2023 Church Development Fund General funds 60,117 102.477 (6,734) (197,786) 53,383 91,002 186.311 162.594 186.311 (204.520) 144,385 In 2016 St. Mary with St. George Homsey Parochial Church Council (PCC) was left 116th of the Estate of the late Mr. John Tibbit which amounted to £262,960.The PCC has agreed that this should be a designated fund, split as follows',- a) £10,000 to be used as an ongoing memorial to John Tibbit and his ministry and b) The balance to be designated as a Parish Development Fund, for the development of the ministry and when approved by the PCC. for future maintenance of the ministry development. In 2017 work commenced on a development project. Homsey 60160, and the PCC agreed to use money from the John Tibbitt Legacy to fund initial works. up to and induding a planning application. It will be noted that whilst there is a small surplus in the year. £20,000 of the income has been designated as part of the church's reserve fvnd and does not represent available funds to be used generally. When the church contributed to the costs of the Youth Worker, church cash flow at the time meant that funds were low and so we used £11.000 from the Catechist fund to meet this cost. it being within the objective of that restricted fund. This will be replaced during the 2025 financial year. 15-
Docusign Envelope ID.. ESC47661 F84428-9552-546117D86CAC ST. MARY WITH ST. GEORGE. HORNSEY, PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 20 Analysis of net assets between funds Unrestricted funds 2024 Restricted funds 2024 Total 2024 At 31 December 2024: Tangible assets Investments Current assetsl{liabilities) 2,065 103,853 113,664 67,972 105,918 113,664 210,752 142,780 144,845 285,489 430,334 Unrestricted funds 2023 Restricted funds 2023 Total 2023 At 31 December 2023: Tangible assets Investments Current assetsl{liabilities) 107,433 128,209 44,448 107,433 128,209 188,833 144,385 144.385 280,090 424,475 21 Related paty transactions There were no disclosable related party transactions during the year (2023 - none). 16-