an
CURRAN CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account)
for the year ended 31 December 2020
Note
Unrestrirted
Funds
Restricted
Funds
Endowment
Funds
Totsl
2020
Total
2019
Recelpts
Donations and legacies
Charitable activities
31,321
8,583
260
39,904
260
44,974
70
Other trading activities
Investment Income
Other
66
97
72
66
97
72
60
94
118
Sale of Investments
Sale of fixed assets
Loans Received
Total Recelpts
31,321
9.078
40,399
45,316
Payments
Raising funds
Charitable artivities
Investment costs
Other
251
30,473
251
43,694
241
41,013
13,221
Purchase of Inve5tment5
Purchase of fixed assets
Loan Repayments
Total Payments
30,724
13,221
43,945
41,254
Net receipts I Ipaymentsl
Transfers between funds
Net movement in funds
Funds brought forward
597
18,961
141431
17,967
13,5461
36,928
4,062
32,866
Funds carried forward
12
19,558
13,824
33,382
36,928
io

an
CURRAN CONGREGATION OF THE PRESBITERIAN CHURCH IN IRELAND
STATEMENT OF ASSETS AND LIABILITIES
As at 31 December 2020
Unrestricted
Funds
Restricted
Funds
Endowment Total Funds Totsl Funds
Funds
2020
2019
Funds Reconciliation
Bank and Cash at start of year
Net movement in funds
18,961
597
17,967
14,1431
36,928
13,5461
32,866
4,062
Bank and Cash at end of year
19.558
13,824
33,382
36,928
Bank & Cash Balance5
Bank Deposit Accounts
Bank Current Accounts
Cash in Hand
33,382
36.928
other Assets
Fixed Assets- Note 10
Church Premises and Contents
Building and Contents of store
Gift Aid re￿1vable on donations
615,102
18,355
6,OCNJ
597,187
17.821
6,500
639,457
621,508
Liabilities
PMS debt written off
243
243
Approved by
e Kirk Session at a meeting on lenter datel and signed on its behalf by
INamel
INamel 8
IDate]
IDatel
li

an
CURRAN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND
NOTES TO THE AccouKrs
31 December 2020
ACCOUNTING POLICIES
BASIS OF FINANCIAL STATEMEKrs
As the total income of the congregation is less than £250,000 the congregation have eletted in
accordance with the provisions in The Charities IAccounts and Reports Regulations (Northern Irelandl
2015 to prepare its accounts on a receipts and payments basls.
FUND ACCOUNTING
Endowment funds are funds, the capital of which must be retained etther permanently or at the
congregation's discretion,. the income derived from the endowment is to be used either as restritted or
unrestricted income funds depending upon the purpose for which the endowment was established in
the first place.
Restricted funds comprise lal Income from endowments whlch 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 thei r 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 congregation's general purposes.
Designated fund5 are general funds set aside by the congregation for use in the future.
DONATIONS AND LEGACIES
Unrestrlcted
Fund5
Restrlcted
Fund5
Endowment
Funds
Totsl Totsl 2019
2020
Recorded giving:
Loose collections
Donations and gifts
GiftAid
Legacies and bequest
25,661
230
6,625
156
32,286
386
34,424
2,523
1,355
6.672
5,430
1,362
6,792
31,321
8,583
39,904
44,974
12

an
CURRAN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IREiAND
NOTES TO THE ACCOUNTS
31 December 2020
CHARITABLE ACTIVITIES
Unrestrlcted
Funds
Restrlrted
Funds
Endowment Totsl 2020 Total 2019
Funds
Income from charitable activities
Fees from wedding5 and fijnerals
Fundraising events
Membership fees
Grant5
260
260
70
260
260
70
4. OTHER TRADING ACtIVlTIES
Unrestrirted
Funds
Restrfrted
Funds
Endowment Totsl 20ZO Total 2019
Funds
Letting of premlses
Trading income
66
66
60
66
66
INVESTMENT INCOME
Unrestrlcted
Fund5
Restricted
Funds
Endowment Total 20ZO
Funds
Total
2019
Deposit interest
General Investment Fund
Rents investment properties
Other investment income
97
97
94
97
97
13

an
CURRAN CONGREGATION OF THE PRESB￿ERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS {conVdl
31 December 2020
OTHER INCOME
Unrestrlcted
Funds
Restrirted
Funds
Endowment
Funds
Totsl
2020
Total
2019
Insurance claims
PW Magazines
72
72
118
72
72
118
RAISING FUNDS
Unrestricted
Funds
Restricted
Funds
Endowment Total 2020 Totsl 2019
Funds
FWO envelopes
Fundraising events
251
251
241
251
251
241
CHARITABLE AcfiviTIES
Unrestrirted
Funds
Restricted
Funds
Endowment Totsl 2020
Funds
Total
2019
General Assembly Assessments
Presbytery fees
Ministry and support staff costs
Congregational running expenses
Donations to Missions and charities
Governance costs
6,556
254
10,854
6,9C
5,909
6,556
254
11,304
15,028
10,552
6,237
254
13.246
8,548
12,728
450
8.128
4,643
30,473
13,221
43,694
41,013
14

an
CURRAN CONGREGATION OF THE PRE5B￿ERIAN CHURCH IN IRELAND
NOTES TO THE AccouNfs Iconvd)
31 December 2020
OTHER EXPENDITURE
Unrestri¢ted
Funds
Restricted
Funds
Endowment Totsl 2020
Funds
Totsl
2019
Investment properties expenses
10. FIXED ASSETS
The congregation owns the Church premises Sltuated at 53 Lurganagoose Road, Knockloughrim.
Magheraafelt, BT45 8QY, and the associated fixtures and fittings. These have an insurance value of
£665,130.
11. INVESTMENTS
The congregation has the following investments. Amounts are shown at market valuation.
2020
2019
General Investment Fund
Property
Other investments
15

an
CURRAN CONGREGATION OF THE PRESBITERIAN CHURCH IN IRELAND
NOTES TO THE ACCOUNTS (conyd)
31 De￿rnber 2020
12. FUND BALANCES
Fund
Balance at Receipts
start
Payment
Surplus I
IDeficit)
Transfer
Balance at
end
Unrestricted Funds
No l Account
18,961
31,321
30,724
19,558
18.961
31,321
30,724
19,558
Restrlcted Funds
No l Account
No 2 Account
Graveyard Account
Sunday School Account
P WAccount
3,696
3,820
267
895
3,696
7,497
550
945
533
14,931
1,224
1,471
341
11,254
941
1,421
208
17,967
9,078
13,221
13,824
Endowment Fund5
Total
36,928
40,399
43,945
33.382
16