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