an CURRAN CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND STATEMENT OF FINANCIAL ACTIVITY (Receipts and Payments Account) for the year ended 31 December 2024 Note Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Receipts Donations and legacies Cha ritable activities 46,756 12,600 850 59,356 850 51,579 460 Other trading activities Investment Income Other 70 137 779 70 137 779 70 136 1,932 Sale of Investments Sale of f ixed assets Loans Received Total Receipts 46,756 14,436 61,192 54,177 Payments Raising funds Charitable activities Investment costs Other 283 29,874 283 53,354 258 53,829 23,480 502 502 806 Purchase of Investments Purchase of fixed assets Loan Repayments Total Payments 30,157 23,982 54,139 54,893 Net receipts / Ipaymentsl Transfers between funds Net movement in funds Fund5 brought forward 9,969 28,188 129161 20,576 7,053 48,764 17161 49,480 Funds carried forward 12 38,157 17,660 55,817 48,764 10
an CURRAN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND STATEMENT OF ASSETS AND LIABILITIES As at 31 December 2024 Unrestricted Funds Restricted Funds Endowment Total Funds Total Funds Funds 2024 2023 Funds Reconciliation Bank and Cash at start of year Net movement in funds 48,764 7,053 49480 17161 Bank and Cash at end of year 55,817 48764 Bank & Cash Balances Bank Deposit Accounts Bank Current Accounts Cash in Hand 48764 48764 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 7,666 1,048,723 Liabilities Approved by the Kirk Session at a meeting on 21" October 2025 and signed on its behalf bv [Namel ?.J IDatel 2 1 0& i )Lr IDate] 2 1- io- 2 11
an CURRAN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2024 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 payments 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 is 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 la} 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 Fund5 Endowment Funds Total Total 2023 2024 Recorded giving: Loose collections Donations and gifts Gift Aid Legacies and bequest 38,334 1,730 7,605 1,531 1,708 1,756 45,939 3,261 1,708 8,448 39,013 3,105 1,795 7,666 6,692 46,756 12,600 59,356 51,579 12
an CURRAN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS 31 December 2024 CHARITABLE ACTIVITIES Unrestricted Funds Restricted Funds Endowment Total 2024 Total 2023 Funds Income f rom charita ble activities Fees from weddings and funerals Fundraisi ng events Membership fees Grants 850 850 460 850 850 460 4. OTHER TRADING ACTIVITIES Unrestricted Funds Restricted Funds Endowment Total 2024 Funds Total 20 Letting of premises Trading income 70 70 70 70 70 70 INVESTMENT INCOME Unrestricted Funds Restricted Funds Endowment Total 2024 Funds Total 2023 Deposit i nterest General Investment Fund Rents investment properties Other investment income 137 137 136 137 137 136 13
an CURRAN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2024 OTHER INCOME Unrestricted Funds Restricted Funds Endowment Funds Total 2024 Total 2023 Insurance claims Other income 779 779 1932 779 779 1932 RAISING FUNDS Unrestrlcted Funds Restricted Funds Endowment Total 2024 Total 2023 Funds FWO envelopes Fundraising events 283 283 258 283 283 258 CHARITABLE ACTIVITIES Unrestricted Funds Restricted Funds Endowment Total 2024 Funds Total 2023 General Assembly Assessments Presbytery fees Ministry and support staff costs Congregational running expenses Donations to M issions and charities Governance costs 5,206 260 14,851 9,557 5,206 260 14,851 20,734 12,303 4,874 191 14,508 11,495 22,761 11,177 12,303 29,874 23,480 53,354 53,829 14
an CURRAN CONGREGATION OF THE PRESBYTERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2024 OTHER EXPENDITURE Unrestricted Funds Restricted Funds Endowment Total 2024 Funds Total 2023 Other expenses 502 502 806 502 502 806 10. FIXED ASSETS 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. 2024 2023 General Investment Fund Property Other investments 15
an CURRAN CONGREGATION OF THE PRESBYfERIAN CHURCH IN IRELAND NOTES TO THE ACCOUNTS (cont'd) 31 December 2024 12. FUND BALANCES Fund Balance at Receipts start Payment Surplus / (Deficit) Transfer Balance at end Unrestricted Funds No l Account 28,188 46,756 30,157 166301 38,157 28,188 46,756 30,157 16630 38,157 Restrirted Funds Property United Appeal Missions & Charity Organisations Other Funds 17,747 6,199 2,968 2,244 2,523 502 9,545 2,968 9,335 1,632 502 14,401 7091 14611 2,829 3,259 20,576 14,436 23,982 6,630 17,660 Endowment Funds IName of Fundl IName of Fundl IName of Fundl IName of Fundl [Name of Fund] Total 48,764 61,192 54,139 55,817 16