an CURRAN CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) hr t.he year ended" 31 Dember 2023 Note Unrestricted Funds Restrlcted Endowment Funds Funds Total 2023 Total 2020 Reipts Donations and legacies Charitable activities Other trading activities Investment Income Other 38298 13281 460 51579 460 39904 260 70 70 66 97 72 1932 1932 Sale of Investments Sale of fixed assets Loans Received Total Receipts 38298 15879 54177 40399 Payments Raising funds Charitable activities Investment costs Other 258 28060 258 53829 251 43694 25769 806 806 Purchase of Investments Purchase of fixed assets Loan Repayments Total Payments 28318 26575 54893 43945 Net receipts / {payments) Transfers between funds Net movement in funds Funds brought forward 3204 24984 {3920) 24496 (716) 49480 (3546) 36928 Funds carried forward 12 28188 20576 48764 33382 10
an CURRAN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF ASSEfs AND LIABILITIES As at 31 December 2023 Unrestrirted Funds Restricted Endowment Funds Funds Total Funds 2023 Total Funds 2020 Funds Reconclllatlon Bank and Cash at start of year Net movement in funds 24984 3204 24496 {3920) 49480 {716} 36928 (3546) Ban-k and Cash at end of year 28188 20576 48764 33382 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand 48764 33382 Other Assets Fixed Assets- Note 10 Church Premises and Contents Building and Contents of store Gift Aid receivable on donations 1,007,679 33,378 7666 615102 18,355 6792 1,048,723 640249 Liabilities 2021+ Approved by the Kirk Session at a meeting on [4ateEdat&] and signed on its behalf by [Name] [Date] 30_ 10-2+ [Datel 30_ 10 _2* 11
Presbyter an CURRAN CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTESTO THE ACCOUNTS 31 Dember 2023 ACCOUNTING POLICIES BASIS OF FINANCIAL STATEMENTS As the total income of the congregation 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 payment5 basis. FUND ACCOUNTING Endowment funds are funds, the capital of which must be retained either permanently or at the congregation's discretion. the income derived from the endowment 15 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 funds comprise (a) income from endowments which is to be expended only on the restricted purposes intended by the donor and (b) 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 congregation's general purposes. Designated funds are general funds set aside by the congregation for use in the future. DONATIONS AND LEGACIES Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Total 2020 Recorded giving: L005e collections Donations and gifts Gift Aid Legacies and bequest 30066 2044 74 6114 8947 1061 1721 1552 39013 3105 1795 7666 32286 386 440 6792 38298 13281 51579 39904 12
an CURRAN CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTESTO THE ACCOUNTS 310ecember 2023 CHARITABLE AcfiviTIES Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Total 2020 Income from charitable activities Fees from weddings and funerals Fundraising events Membership fees Grants 460 460 260 460 460 260 4. OTHER TRADING ACTIVITIES Unrestrlcted Funds Restrlcted Endowment Fund5 Funds Total 2023 Total 2020 Letting of premises Trading income 70 70 66 70 70 66 5. INVESTMENT INCOME Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Totsl 2020 Deposit interest General Investment Fund Rents investment properties Other investment income 136 136 97 136 136 97 13
an CURRAN CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TOTHE ACCOUNTS {cont'd) 31 December 2023 OTHER INCOME Unrestricted Funds Restrlcted Endowment Funds Funds Total 2023 Total 2020 Insurance claims Other income 1932 1932 72 1932 1932 72 RAISING FUNDS Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Total 2020 FWO envelopes Fundraising events 258 258 251 258 258 251 CHARITABLE ACTIVITIES Unrestricted Funds Restricted Endowment Funds Funds Total 2023 Total 2020 General Assembly Assessments Presbytery fee5 Ministry and support staff costs Congregational running expenses Donations to Missions and charities Governance costs 4874 191 14058 4874 191 14508 11495 22761 6556 254 11304 15028 10552 450 11495 13824 8937 28060 25769 53829 43694 14
an CURRAN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (convd) 31 December 2023 OTHER EXPENDITURE Unrestricted Funds Restricted Endowment Funds Fund5 Total 2023 Total 2020 Other expenses 806 806 10. FIXED ASSErs The congregation owns the Church premises situated at 53 Lurganagoose Road, Knockloughrim, -Magheraafelt, BT45 8QY, and the associated fixtures and fittings. These have an insurance value of £1,041,057 11. INVESTMENTS The congregation has the following investments. Amounts are shown at market valuation. 2023 2020 General Investment Fund Property Other investments 15
an CURRAN CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2023 12. FUND BALANCES Fund Balance Receipts Payment Surplus / Transfer at start (Deficit) Balance at end Unrestricted Funds No l Account 24984 38298 28318 (6776) 28188 24984 38298 38318 16776) 28188 Restricted Funds Property UnitEd Appeal Missions & Charity Organisations Other Funds 21538 6147 2784 2948 3054 946 9938 2784 10900 2007 946 17747 7952 (1176) 2958 2829 24496 15879 26575 6776 20576 Endowment Funds [Name of Fund] [Name of Fund] [Name of Fund] [Name of Fund] [Name of Fund] U Total 49480 54177 54893 48764 16