Carmel The Annunciation Unaudited Flnanclal Statements For th• year ondod 31st Docombor 2024 GAIII)INI,'K RUSSLLL AccouKfiNG
Carniel The Annunclatlon Y•v •ndod 31•t D•c•mb•r 2024 P• Tru6tsas' annual rewt Independent examlnerfs report lo Ihe tnMteo8 statnant of finandal Statement of finandal posltlon Statement of cash Nots8 to tha Iar181 Blaternents Th• followlng pag•8 do not fomi part of th• flmnclal •tat•m•nts Detallgd statement of financlal actMtI•s 16 Noto8 to the detsilad statement rf finenrial adm 17
Cam1 Tho Annunciatlon Yr •nd•d 3151 D•c•mb•r 2024 Thè trust••¥ prwfjt thetr th• of the chwty for th• y•Ar Ond 31$t DerMibw 2024. Ch•ray v•gltr•Oon n1•Y 1199300 Tmrr CW 1UA Sr B PA Bak•r 8rRMP+y• Sr P E Davlt Rtr4SRi Srmvfflw DNy• Mr• M Evw Ind•p•nd•nl •xamln•r B•n RUS FCA 8INatUY• gov•rn•nr• ffm•llI•1rt Dwd dated 20 2021 Art the flrnt tru8kn•s. •very trust muBt b• op]11 for * twm of three >arB by a r•srAb)n passgd at • property L¥rnned of th• dwrty Int. In 8el&ng IndfvlduaL8 for oxp8rlen¢g ne8d•d kn the off•¢th• athnlnl•tsalkn Oftt CIO. or hgr Ilrst appoinlrrnt a of th• verJw)n rrf tN• iyMtIttth) a o¥y lif Ihe CIO% lato51
Carniel Tho Annunciation Tntytw. Annual RoPOrt(<o Yw gnd•d 31•t Dec•mlJgr 21124 T ot4ecNNY ol tlw Chty IB of fv Rcffl C8tWK thrwh th• ro.lUS lkn•ttthkfft. on the rcd areas. c¢rtratYyJ cffj th• cNmw (try rc4 arKI dwnp tr••trf •• wll •• FlnKlal r•vl•w d on trA•Woftr brrt ty: •lywJ m thdl of bwd ol 8r B M Pakor
P•g• 3 Cannal The Annunclatlon Independ•nt Examlnèvs Report to th• Tnmtws of Canno1 Th• Annunclatlon Yur ffid•d 31st Do¢wnb•r 2024 chathll for the ar •Thled 31¢t 2024. R•8p•n•lbllttl•¥ •nd b••l• al v•port the trust of th• ¢hrlty YYJU fw the wwaraYDn LY tho f)Mdo1 ¥kntenwts In accordanr th• rnwtr8rn•nts olth• Chwltkn8 2011 {Iho fvdl. l rnporl In Iw•ct of my &xwthlk)n ¢hwW$ firnnd•l m•nlB und•r 145 of 2011 In ¢xrytrvJ out my •xarnlnakn I 81 ts appllG•t40 Drttknn8 gtv¢n by tho Chadty Ccrfnmlssk)n und8r soclkn 144SMb) (rfth• * Slne• the groBY Iruth• •xc•od¢d t250.0 ycJr èxamln•r rnurt Mbtrr of a body ItOd kn Etn 145 of lh• 2011 A¢L I th•t l am qu•lM•d to ¢Jndertako tho mtIon l am a mom1 ol tho of Chwknrnd Aecaxmknt# In &¥lqnd and W•los IICAEW). whkh Is one olth0118tod bodt•s. connwxon th• 0xaThn me to b•llert• th•t In Y m•terf rw•ct •¢¢OLmllry )1• ww• not kwl In Y••poCt oftr rt• •• rn4ykrd by ••dl)n 130 of I finAn&•l do nol c• fth th• wr46c•bl• r•wiroiYthi con¢xmlng lomi 8nd fil• rf out kn tho (Ac(¥ts •TrJ RtIonS 2(n8 otrr than •ny r•qulr•nw)t th•t tho acc¢¥Jits wttl whlch l¥ not • I h• no Goncems Thl lv• c•)rn• (xoM no oth•r mthrn fth Iho •x•mlnatlon lo whkh alt•nllon b• dr4wn kn thls on•tl• • propw wndw¥tsndlng of tr 8tsn Ru•••ll FCA Indapgndent Ex•m* 238• T•l¥W Rowl Heswall CH80 OAL
Carn1 The Annunciatlon stst•mont of Financlal Actlvlllo8 Yur •ftd•d 31st Dec•mb•r 2024 Y•ar to 31 D•c 23 Y•arlo 31 2024 fi¥xl$ T•tal lund• Tothl fuThl• Incom• and •ndQTffffllth DonBttons •nd189Ad•s m.510 8J32 272.610 8.332 3.136 519,840 Tot•1 In¢om• 2).42 2K+.842 Expondllurn 208,810 J8.810 208.810 208.810 378,198 378,19B T•t•l •xp•ndllufv 1.442 Exlroordlmry 12 841.936 N•t movemptht lft fidI n.032 72.032 643,377 R•Mndll•tlon of fund• Totsl fund• bIg fothvd T¢ld fvnd• ¢•nl•d frnrd 913.ty27 913.027 289,660 913.027 JI In¢4mo and ewdltyn deri%• fr(¥n c¢)nlIn A(Ifv1508.
3q•t D•e•mbw 2024 13 516M51 424.074 14 471185 471041 491.665 492,911 488808 488,953 ge4os9 913.rA7 913.02Y FuThd• ofth• dwlty 11 gBS.060 913.027 , •nd w• on I01th• l¥Jvd ty,. BM&l•r
Cami•l The Annunclatlon Stat•m•nt ol Ca8h Flow8 Y•ar end•d 31sl D•c•mb•r 2024 2024 N•t Inrn• 1.442 10.778 (8,332) 346 870 Otsr knt•rnst Tocelvabkn afKI ¥knlar trKmi Inlerest payabkn 8wrfler At•d fjncom•yoxp•ne¢8 8.711 (3.136) (1.728) and other deblons (48) 6.887 76,8e8 Chwyoj pald terost 1345) 1640} 3,136 8.377 N•t c•sh fr(#n op•rnUno •clhTNID8 Purvtha8e olt•ngi4• 888•ts (103.355) <298,807 (1D3.3551 (286.807) Payrn•nts offvnM1o•$ti IlabltU•s Trangf•r ol fund8 from ¢loBed corrrfenl (2-1yrI• trom Icffirwl*yl Nel e•sh from finaara ac¢fvlll•B 1.361 641,935 643.286 N•t [dr••v•me In and ¢Mh •qul¥th Cuh and cuh •4ulval•rrt• •t b•glnnkn9 oly••r C••h and ¢•Ah •qulval•nt• Il •nd oly•ar 119,5001 491,685 472.165 354,858 136,809 491.885
Pag• 7 Carniel The Annunclatlon Notes to Flnanelal Stat Year •nd•d 31st DK•mb•r 2024 Th• ¢hrfty Is a publlc In•t •ny ond a rngl8lw•d dwy kn Er¥and W•les and ij CH43 1U Ropcthg SlaryJ8rd appll¢8blo kn th• UK and th• Rèpu ol ITelpn¢f. stat•menl of Fln•rtl81 R•Por Sthrthrd 8FfAk#bb• In th• LK and Rwutllc ol Ir•l8rn1 IFRS 102) (Clthti•• SORP IFRS 102)) Cl)art¢M At 2011. Accwntbn• The ffln4ndfjl hav• b•gn wBpwod on th• (xxl bBBI8, modMl•d by th• r•v•luallon of etskn fift•1 w880ts i•HiU•s •nd in¥•$thnI m•Mur•¢l falr varu• Inc<m• or •Xp•ThIrn. Th• Ikwnclol •ttomonts ar• w•p•r•d kn IJ, Wthlch IB th•fi¢V a7lhg •r Goln9 ¢WI¢•rn Lfvn•trlct•d fvrKls •r• wAll•ble Ibf at th• of trt••1 of th• commltm• through the t•nM of an appeal, f81 Into of *Issl.. r••trlLled knc4m8 lund8 C
Cannel The Annunclatlon Y•ar •nd•d 31•1 DeC•m1 2024 I Ibw to thg (arfty WKI tho wnount b• m•owx•d. Thb I(t4[9 spoth polKa•J v• •pW to p[ar c•toylos ol IrKxKn8 from drywlJn• ry w•nts 14 ML¥500 whon thw• Is e¥ld8nL¥ of •nlrtlDm•nt lo InGc¥M ffom don• mwur•d at th• I[ u of th• qood8 li th• fa)nlrilXrtK of g•rwal volunt••r mgntl¢x M to bg spent on a pgrbpr puwow and return K un6Pon( kn thach VAT unnot b• le¢>yM. and of th• •tatorn•nt of n•rKW lthllth tr> fo181.. 0Xpdo cm c4ltsbb• a¢lMIkn Indudm 7 by • crtty kn und•rtaklno •clwlt•s Ih•t <knblo alms for the br of tt5 benelld•rf•a, Indudlng ihos Bupport r£4ts I10 to th• go¥wrwK• of •pF4Xlk to churftsbbg olhw oxpwbylturn al &Ypendibn that 18 Tr8lllr lIt• to r for tho iority nor wt of hs •xpw¥Jlth on acll¥lts& attrfbLtsblo to o ¥Jngle thlty ar• olo¢Bttd to Ihat athAty. Slw•d costs are appor11J TJIb a898ts we Inlualty at <st, artyj SULwuo •lal•d al (#)ot Yiourts 81¢ retlKI at the f vahjo at tho dats of revalu•tKn IoBg •ry •ukwLnl
P4•9 Camid Tho Annunclation Yoar •ndod 31•1 D•c•mber 2024 T•nglbl• ••Mt• kn lThx•af• In th• •ncAmt of4M) •M•t • • r••utt af • rwAluolw. f• rnroqnljod In otl rno)uniBod pln¥ and los•ei. # rtvtr a (knrye that ha5 wevIoty bèén cognljgd •• •xpwthir• VA11 th• 1•twn8rt rfllnan(laf a¢vlO•B. A d•¢rna69 In the carryl exc•pt lo whk It offts rBVakIat galn, In whkh c•8e thp k>s8 l• •hovffl wthkn othw g4ln8 #rKI on thè stoternwl Ihncw YA •trght lkn• amount hlrJ 06tlmgtsd Ih iithatorn 51. l•Vhw• Iho c•rryiw valu• d¢ th• recovtr0lfj •nn[ Iho •u¢t kn IMtr•j ¥Ck¥j1Y. Pts hiylmit• •rn ravkn%J lor For tho wrpou• ol ts•llng, T 11 IB poB¥l)1o to •8tim•to th• rpryJv•rabb• amount of an IrKllvtthJd •8rt •n of r•rv4w•bl• •nount ol th ¢96n0181Ift? untt to the •11 bekxy. Th• ¢h•nOtl unlt kn Ihfr J•nltll•bh group rf 4880ts tsl Indth the asset OWrat•S Irkn trt•t tsrg• •pwd•nl ol t Inkn Imm olh•r auets or ol •u•ts. For Imp•knwnl t•wlkw ol goodwll. t1 goodll •(4thd In a buth•M L¥¥nblMlkffi IB. th qulittlix) date, #Noted lo ••ch of th• wPwnwallrvJ unjls thal •[• •xp•cknd lo b•n•fft from the •ynerglg¥ of the corrtrth. hr••pK¢fve of fielher other ••o•ts or M•bllrtl•B irf th• chatlty •r• •Mlgn•d to t1 financ1 pOtIm as aMets lknblhie¥ It the l¢yAw of th• fatr of th• 1080t8 rhy the wesenl v•lu• of the mknhnum 1•o8¢ p•ynnts. whkh 1$ detemwned al the of tho loa88 Iwa50 Ilabllty uslng thg eff¢(thT kntW08t m8lhod. Fkn• dwgm arn all(K•l•d lo oach porft Fln•ndd In¥lThm•nts A finandal •et or a finan(ial vrtwi (*wlty bKYxn• a patyto I
Pap• 10 carn1 The Annunclatlon Y•ar •ndad 31•t O•c•mb•r 2024 constd•rntkn •p•L•O to b• pakl or •nd Th>t d¢wn. Wher• in¥•¥lmonts In •hrn we trwl•d or thdr can othèTrA&e bfr mg08urgd (xxt leB8 knp•m•nL Oth•r Indwllry d•fv, •r• Irthly rnMgnl8•d at falr W9. unl•• paym•rt for •n •••et kq d•l•ff•d ts•yoThJ normil tom or at • rAl• of Int•rv#l Ihat k not 8 maat rats, In (•• tho a98 th• v•hw futw• nts dl•¢cw••d at • m•th•t r•t• cl knt•reBi a •knllw d•bt In¥tNm•nL d•8lgnaled hodgkn9 r•l•thxAW. ol 1nvaknnt at th• •nd of •ath d•te. If Ih•r• IB obJ•(thv evhl•nco of thpalm)ènL an Impakniont Ios8 {• rwlmd th• •FyowW Ialla In ts 8latèml d flrnncl For d wuky Inthn)Bnts of Si•n¢4 •nd oth•r ffmand a8Mts Ihl kndlviludly Bjgnml( thosa •88•M•d du•1 for p•knnt Olhw flnwdg1888•1s f••Jll In a carrylng amount of th• finarKlal a•••t that C••d8 th• wrwjunt woukl Totsl Fun0• Lknrn¥trk Fund8 Fundj 2023 FuTh18 Donafkn Penslons 231,331 231.331 41.179 339.385 339.385 for •Aar 457 2r2.510 272.510 376.504 376.504
Pag• 11 Carniel The Annunclatlon Noth6 to th• Flnanclal St•tsm•nl• Yav •nd•d 31•t D0mb•r 2024 Fd¥ 2023 8.332 3,136 3,136 2024 2023 &1)1 c4xts 205.320 205.320 3n,279 3,490 4,919 208.810 378.198 373.279 4.919 J18,19 208.810 7. Exp•ndliur• on ch•rflth •clh#l•• by aal typ• Tgt•l Totsl fvnd 2023 arKI hifvrrn4tkn 205.320 205.320 3.430 208.810 373.279 4,919 378.198 3.4WJ 2023 10.T18 8.711 Y•w Y•ar to 31 D•¢ 24 31 Doc Fe00 payabkn to th• **ndent tr. 810 780 1.410
Pago 12 Carniel The Annunciation Notes to the Financial Statements lfjoAtknM Yoar ended 31st December 2024 10. Staff c06ts The average he•J counl of employees durir& the Y wa5 Nil {2023.' Nill. 11. Tru8tee remunèrntlon •nd ¢xpen$ No remuneratlon or olhar benefSts from emOyMent wth chty or a related entity were received by the trusl8es.' 12. Extraordlnary ft•m• Y•arto 31 Dac 24 Year to 31 Dec 23 Extraordinary income 841,935 The funds recelved In 2023 represenl¢d Ihe balarte held by wedecessor enlrty to Carmel the Annuncialon. 13. Tanglbh flx•d aM•t• Fr••hold prop•rty Co•t At 1 st January 2024 Addrtlon$ 435,560 103,355 538.915 At 31st D•c•mb•r 2024 Doprocl*lon At 1st January 2024 Charge for the year At 31$1 DoC0mb•r 2024 11,486 10,778 22,264 Carrylng amount At 31st Decembor 2024 516,851 424,074 At 31st December 2023
Page13 Canmel The Annunclation Notes lo the Flnancial Statements (corAthu•d) Year ended 31st Docember 2024 14. D•btors 2024 2023 Prepayments xcrued Income 876 1,246 15. Cr•dltorn: amounts falllng du• wlthln on• year 2024 2023 Accruals arKI deforred inwme 4.633 3.958 4,633 3,958 16. Analy$l8 of ¢harflabl• fund• Unr••trlct•d fund8 At 31 D•c•mb•r 2024 At1Jar 2024 Income Expondlture General fund8 913,027 280.842 {208,810) 985,059 At 31 De¢8mb8r 2023 Al 1 Jan 2023 Iorne Expenditure General funds 269.650 1.021,575 (378.198) 913,027
Pago 14 Carniel The Annunciation Notes to the Flnanclal Ststements (¢oftthiw Year ended 31st December 2024 17. Analy818 of n•t a89•ts between funds Urrestrlcted Tolal Funds Funds 2024 Tangible Ted assets Current assets credilors18SS than 1 year Nat a•s•ts 516.651 473.041 14.633) 985.059 516,651 473,041 14,633} 985.059 Unreslrlcted Total Funds Funds 2023 Tanglble flxed assets Current assets Credllors186s than 1 year N•t av•ts 424,074 492,911 (3,958) 913,027 424.074 492.911 {3,958} 913,027
Pw16 Camwl Tho Annunclatlon Y•ar •nd•d 31st D•c•mber 2024
Pago 16 Camiel The Annunciatlon Detalled Statement of Flnanclal Actlvltles Year ended 31st December 2024 Y•ar to Year to 31 Doc 2024 31 Dec 2023 Income and endowments Donations and l•gacies Donallons Penslons recefved Donations for attar trffead¥ 231,331 41.179 339,385 36,662 457 272.510 376,504 Inv••tm•nl In¢om• Bank interest recefvable 8,332 3.136 Total Sncom• 280.842 379.640 Expondltur• Exp•ndltur• on charltabl• actlvltl Purchas88 and chapel 8upplies Rates and waler Light and heat Repairs and maintonar Insurance Prlntlng. poslage and $lalionery Legal and profeBslonal feefy Telephone Donations made General expensés Depreciation Bank charges Ma8$ offerings Housekeeplng and related ¢0318 Health. welfare and cwe home fees Gardening costs 13.9(M) 4.969 8,976 34.887 1,735 2.116 2.380 2.526 35,710 1,101 10,778 345 4.472 26.883 28.OOS 30.027 47.545 3,031 12.158 $5,301 1,183 3.853 5.934 1.085 153.539 838 8,711 646 15,349 21,950 19,245 27.830 208,810 378.198 Total •xp•ndltur• 208.810 378.198 Incomo 72.032 1.442
P•9• 17 Carmel The Annunclatlon Not•s to th• D•t•ilod Stat•ffl•nt of FlnaKlal Actlvlllo• Year •ndod 31•t D•c•mb•r 2024 Ye•rto Yèar to 31 D•¢ 24 31 D•c 23 Provl•lon ol f¢llltl•¥. •dvo¢•cy• a0c4 Ibrfomw CpOl and mo¥na6kn supr Genor81 rat88 & w4i•r hdry & Rèpalrs & malnt•nance to tho Nll Prfndng, pg•tag• ar#Y #atthery 13. 47.045 3,031 12.158 SS.301 3.853 8.976 34,887 2,116 Fil L•gal and pn>f•851(ml f Telophon DonAtlon8 mad• G8neral •xponM• l,L5 153.539 35.710 1,101 10.778 4.472 26.883 8.771 16.349 21,950 19,245 27,830 373279 kla8B rnqu•sts Provlsknn d food 30.027 In•urnnco Acc(Mmtancy f••$ 8•nk charg08 1,735 1.410 345 1,183 3.090 3A00 419 208.810 376.198