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 stat￿nant of finandal Statement of finandal posltlon Statement of cash Nots8 to tha I￿ar￿181 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 Cam*1 Tho Annunciatlon Y￿r •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•gl*tr•Oon n￿￿1•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•ll￿I•1rt Dwd dated 20 2021 A￿rt the flrnt tru8kn•s. •very trust￿ muBt b• op￿]1*1 for * twm of three >*arB by a r•srA￿b)n passgd at • property L¥rnned of th• dwrty In￿t￿. In 8el&*ng IndfvlduaL8 for oxp8rlen¢g ne8d•d kn the off•¢th• athnlnl•tsalkn Oftt￿ CIO. or hgr Ilrst appoinlrr*nt a of th• verJw)n rrf tN• iyMtIttth) a o¥y lif Ihe CIO% lato51 Carniel Tho Annunciation Tntytw. Annual RoPOrt(yM￿. and of th• •tatorn•nt of n•rKW lthllth tr> fo￿181.. 0Xp￿d￿￿o cm c4*ltsbb• a¢lMIkn Indudm ￿7 by • c￿rtty kn und•rtaklno •clwlt•s Ih•t <**knblo alms for the b￿r￿ of tt5 benelld•rf•a, Indudlng ihos Bupport r£4ts I￿10 to th• go¥wrwK• of •pF4Xlk￿￿ to churftsbbg olhw oxpwbylturn al &Ypendibn that 18 Tr8lll*r ￿lIt•￿ to r* for tho i*ority nor wt of hs •xpw¥Jlth on acll¥lts& attrfbLtsblo to o ¥Jngle thlty ar• olo¢Bttd to Ihat athAty. Slw•d costs are appor11￿￿J T￿JIb￿ 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 •ukwL*nl 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 wevIo￿ty bèén cognljgd •• •xpwthir• VA11￿ th• *1•twn8rt rfllnan(laf a¢*vlO•B. A d•¢rna69 In the carryl exc•pt lo whk* It off*ts rBVakIat￿ galn, In whkh c•8e thp k>s8 l• •hovffl wthkn othw g4ln8 #rKI on thè stoternwl Ihncw YA •tr*ght lkn• amount hlr*J 06tlmgtsd I￿h iithatorn ￿51. l•Vhw• Iho c•rryiw valu• ￿d¢ th• recovtr0l￿fj •n￿n[ Iho •u¢t kn IM￿tr•j ¥C￿￿k¥j1Y. Pts hiylm*it• •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 •1￿1 bekxy. Th• ¢￿h*•nO￿t￿l unlt kn Ihfr J•nltll•bh group rf 4880ts tsl Indth the asset OW￿rat•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￿ good*ll •(4thd In a buth•M L¥¥nblMlkffi IB. th qulittlix) date, #No￿ted lo ••ch of th• wPwnwallrvJ unjls thal •[• •xp•cknd lo b•n•fft from the •ynerglg¥ of the corr*trth. hr••pK¢fve of *fielher other ••o•ts or M•bllrtl•B irf th• chatlty •r• •Mlgn•d to t1￿ financ1￿ pO￿tIm as aMets lknblhie¥ It the l¢yAw of th• fatr of th• 1080t8 rhy the wesenl v•lu• of the mknhnum 1•o8¢ p•yn*nts. 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 carn￿1 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 W￿9. 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 ma￿at 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 1nvakn￿nt at th• •nd of •ath d•te. If Ih•r• IB obJ•(thv evhl•nco of thpalm)ènL an Impakniont Ios8 {• rwlmd th• •FyowW I￿all￿a In ts 8latèm￿l d flrnnc*l 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•kn￿nt Olhw flnw*dg1888•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 D0￿mb•r 2024 F￿d¥ 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 em￿OyMent wth ch￿ty 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 I￿orne 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 T￿ed 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 $5,301 1,183 3.853 5.934 1.085 153.539 838 8,711 646 15,349 21,950 19,245 27.830 208,810 378.198 Total •xp•ndltur• 208.810 378.198 Incomo 72.032 1.442 P•9• 17 Carmel The Annunclatlon Not•s to th• D•t•ilod Stat•ffl•nt of FlnaKlal Actlvlllo• Year •ndod 31•t D•c•mb•r 2024 Ye•rto Yèar to 31 D•¢ 24 31 D•c 23 Provl•lon ol f*¢llltl•¥. •dvo¢•cy• a0￿c4 Ibrfomw C￿pOl and mo¥na6kn supr Genor81 rat88 & w4i•r hdry & Rèpalrs & malnt•nance to tho Nl*l Prfndng, pg•tag• ar#Y #atthery 13. 47.045 3,031 12.158 SS.301 3.853 8.976 34,887 2,116 Fil L•gal and pn>f•851(ml f Telophon DonAtlon8 mad• G8neral •xponM• l,L￿5 153.539 35.710 1,101 10.778 4.472 26.883 8.771 16.349 21,950 19,245 27,830 373279 kla8B rnqu•sts Provlsknn d food 30.027 In•urnnco Acc(Mmtancy f••$ 8•nk charg08 1,735 1.410 345 1,183 3.090 3A00 4￿19 208.810 376.198