Coracle Christian Fellowship
NOTES TO THE ACCOUNTS
5 April 2024
ACCOUNTING POLICIES
BASIS OF FINANCIAL STATEMENTS
As the total income of the fellowship is less than £250,000 the congregation have elected in accordance
with the provisions in The Charities (Accounts and Reports Regulations (Northern Ireland) 2015 to
prepare its accounts on a receipts and payments basis.
FUND ACCOUNTING
Endowment funds are fund5, the capital of which must be retained either permanently or at the
fellowship's discretion; the income derived from the endowment is to be used either as restricted or
unrestricted income funds depending upon the purpose for which the endowment was established in the
first place.
Restricted fund5 comprise la) income from endowments which is to be expended only on the restricted
purposes intended by the donor and Ibl revenue donations or grants for a specific congregational activity
intended by the donor. Where these funds have unspent balances, interest on their pooled investment is
apportioned to the individual funds on an average balance basis.
Unrestricted funds are income funds which are to be spent on the fellowship's general purposes.
Designated funds are general funds set aside by the fellowship for use in the future.
DONATIONS AND LEGACIES
Unrestricted
Funds
Restrlcted
Funds
Endowment
Funds
Total
2024
Total
2023
Recorded giving:
Donations and gifts
Gift Aid
15,563
15,563
15,597
3,551
3,613
3,613
19,176
19,176
19,148

Coracle Christian Fellowship
NOTES TO THE ACCOUNTS (cont'd)
5 April 2024
CHARITABLE ACTIVITIES
Unrestricted
Funds
Restrirted
Funds
Endowment
Funds
Total
2024
Total
2023
Ministry staff costs
Fellowship running expenses
Donations to Missions and charities
10,836
2,640
3,915
10,836
2,640
3,915
10,236
4,439
5,880
17,391
17,391
20,555
FUND BALANCES
Fund
Balance at
start
Recelpts Payments
Surplus /
{Deficit)
Transfer Balance at
end
Unrestricted Funds
General Fund
10,606
19,176
17,390
1,785
12,391
10,606
19,176
17,390
1,785
12,391
io