an
CURRAN CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND
STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account)
hr t.he year ended" 31 De￿mber 2023
Note Unrestricted
Funds
Restrlcted Endowment
Funds
Funds
Total
2023
Total
2020
Re￿ipts
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 De￿mber 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