LAGAN CURRACHS
Receipts and Payments Account for the year ended 31st December 2024
| Receipts Grant Income Maritime Festival Membership Fees Fundraising Compensation Payments Training Equipment Overheads (Insurance etc.) Maintenance of equipment Volunteer recognition Expedition Purchase of Assets Net receipts/ (Payments) before transfers between funds Transfers between Funds Net Operating Surplus/ (Deficit) Cash Funds at beginning of year Cash funds at end of year |
Unrestricted Restricted Endowment Total Funds Funds Funds 2024 £ £ £ £ 100 100 0 2,553 2,553 1,600 1,600 0 4,253 0 0 4,253 0 105 105 2,329 2,329 541 541 248 248 1,445 1,445 2,545 2,545 7,213 0 0 7,213 (2,960) 0 (2,960) 0 (2,960) 0 0 (2,960) 6,780 0 6,780 3,820 0 0 3,820 |
Total 2023 300 700 1,812 1,215 0 4,027 1,150 129 1,524 1,488 276 499 347 5,412 (1,385) 0 (1,385) 8,165 6,780 |
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CCNI Reg: 104209
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LAGAN CURRACHS
Statement of Assets & Liabilities
| Deposition of funds Unrestricted Restricted Endowment Total Funds Funds Funds 2024 £ £ £ £ Held as followings: Bank Current Account 3,820 0 0 3,820 Cash in hand 0 3,820 0 0 3,820 Assets retained for the charity's own use Unrestricted Restricted Endowment Total Funds Funds Funds 2024 £ £ £ £ 33ft Currach (1 no.) 15,000 15,000 25ft Currach (2 no.) 10,000 10,000 Trailer (2 no.) 3,800 6,000 Equipment 5,000 5,000 33,800 0 0 36,000 |
Total 2023 6,800 0 6,800 Total 2023 15,000 10,000 6,000 5,000 36,000 |
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The above valuation is based on the Trustee estimates and used for Insurance purposes.
Statement of Material Liabilities
The Trustees are not aware of any material liabilities at the date of this Report
Approved by the trustees and signed on their behalf by:-
Susan Huges Catherine McKenna ____ _____ Trustee Trustee Date : 22/09/2025 Date : 22/09/2025
CCNI Reg: 104209
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LAGAN CURRACHS
Notes to the Accounts
Basis of Accounting under Receipts & Payments
Revenue that the Charity is entitled to is recorded when received, expenditure that the Charity incurred is recorded when paid.
Purpose and nature of funds
General unrestricted fund : These are funds that have been received carrying no restriction on their use and are put to purpose at the discretion of the trustees in furtherance of the objects of the Charity.
Restricted funds: are funds subject to specific trusts, which are declared by the donor(s) and are expendable by the trustees in furtherance of some particular aspect(s) of the objects of the charity. These funds are subject to restriction (as to their use) imposed by those from whom the funds are obtained. Resources received but not yet expended at the end of the financial year are retained as a reserve.
Endowment funds: where there is no power to convert the capital into income, is known as a permanent endowment fund and the capital is normally held indefinitely. Where trustees have the power to convert endowment funds into income, such funds are known as expendable Any funds held under this classification by the Charity are permanent.
Trustee benefits
No trustee was in receipt of benefits from the Charity during the year ended 31st December 2022.
CCNI Reg: 104209
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