**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|
|---|---|---|
**CCNI Reg: 104209**
**Page 1**
**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|
|---|---|
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**
**Page 2**
**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**
**Page 3**