Francis Curley Charitable Fund
Statsment of Financial Activities
Year ended 11 December 2022
2022
Restricted
funds T•>tal funds Total funds
2021
Note
Income and endowm•nts
Other trading activities
Investment income
352,181
24,418
362,181
24,418
295,296
24,885
Total in¢ome
376,599
376,699
320,181
Expenditure
Expenditure on charitable activities
Total •xpendltur•
57,960
67,960
67,960
56,266
57,960
56,266
N•t inoom•
318,639
318,639
263,915
Payments to Beneficiaries
{266,462) (266,462) (165.237)
Other reoognised gains and losses
(Losses)Igains from revaluation of fixed assets
N•t mov•mont in funds
{105,351) 1105,361)
(53,174)
(63,174)
82,777
181,455
Reconciliation of funds
Tot81 funds brought foThvard
Total funds carrfed fts￿￿rd
5,576,464
5,576,464
5,395,008
5,576,463
5,523,290
6,523,290
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
Th• notes on pages 11 to 18 ft*mi part of th•50 financial statements.

Francis Curley Charitable Fund
Statement of Financial Position
11 December 2022
2022
2021
Note
Fixed assets
Tangible fixed assets
Investments
10
11
3,961,697
768,757
3,961,697
864,108
4,720N54
4,825,805
Current assets
Debtors
Cash at bank and in hand
12
139,155
978.148
394,087
691,281
1,117,303
1,085,368
Creditors: amounts falling due wfthln one y•ar
Net current assets
12
160,158
139,346
967,146
946,022
T¢>tal assets l•ss current liabilities
5,677,599
5,771,827
Cr•ditors: amounts falling due after more than
one year
14
154,309
195,364
5,576,463
N•t assets
5,523,290
Funds of th• ¢h2rity
Restricted income funds..
Revaluation reserve
Other restricted income fvnds
267,767
5,256,633
5,523,290
373,108
5,203,355
5,576,463
Total charity funds
16
These financial statements were approved by the board of trustees and authorised for issue on 11
September 2023, and are signed on behalf of the board by:
I dJrCLQ
D Moffett
Trustee
R Clark
Trustee
The notes on pages 11 to 18 forni part of the￿ finan¢ial statements.

Francis Curley Charitable Fund
Statsment of Cash Flows
Year ended 11 December 2022
2022
2021
Cash flows from operating activities
Net income
318,639
263,915
Adjustments for..
Other interest receivable and similar income
Interest payable and similar charges
(24,418)
190
(24,885)
164
Changes in."
Trade and other debtors
Trade and other creditors
254,932
20,812
670,155
{345,333)
26,759
Cash generated from operations
(79,380)
Interest paid
Interest received
(190)
24,418
594,383
(164)
24,885
Net cash froml(used in) operating activities
154,659)
Cash flows from inv•sting a¢tivities
Purchase of tangible assets
Net cash used in investing activities
(866,275)
(866,275)
Cash flows from finan¢ing activiti•s
Proceeds from borrowings
Net cash used in financing activities
(41,0561
(41,055)
136,160)
(36,160)
Not increasel{deorease) in cash and cash equlvalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at ¢nd of year
563,328
691,281
1,244,609
(957,094)
1,813,612
856,518
The notes on pages 11 to 18 forni part of these financial statements.
10-

Francis Curley Charitable Fund
Notss to the Financial Statements
Year ended 11 December 2022
Gen•ral inforniation
The charity is a public benefit entity and a registered charity in Northem Ireland and is
unincorporated. The address of the principal office is 3842 Hill Street, Belfast, BT12LB.
8tAtem•nt of ¢omplian¢•
These financial statements have been prepared in compliance with FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of
Recommended Practi￿ applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities
SORP (FRS 102)) and the Charities Act (Northern Ireland) 2008.
Accounting poli¢ies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial
statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judg•m•nts and key souroes of estimatlon uncertalnty
The preparation of the financial statements requires management to make judgements,
estimates and assumptions that affect the amounts reported. These estimates and judgements
are continually reviewed and are based on experien￿ and other factors, including expectations
of future events that are believed to be reasonable under the Circumstan￿5.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Designated fvnds are unrestricted funds eamarked by the trustees for particular future project or
commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or
through the terms of an appeal, and fall into one of two sub-classes.. restricted income funds or
endowment funds.
11

Francis Curley Charitable Fund
Notss to tho Financial Statements (contlnu•d)
Year ended 11 DeGembar 2022
A¢¢ounting policies (conllnued)
Incoming resources
All incoming resources are induded in the statement of financial activities when entitlement has
passed to the charity," it is probable that the economic benefits associated with the transaction
will flow to the charity and the amount can be reliably measured. The following specific policies
are applied to particular categories of income:
income from donations or grants is recognised when there is evidence of entitlement to the
gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when re￿Ipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is
impractical to measure reliably, in which case the value is derived from the cost to the donor
or the estimated resale value. Donated facilities and services are recognised in the
accounts when re￿iVed if the value can be reliably measured. No amounts are included for
the contribution of general volunteers.
income from contracts for the supply of seNices is recognised with the delivery of the
contracted seNice. This is classified as unrestricted funds unless there is a contractual
requirement for it to be spent on a particular purpose and retumed if unspent, in which case
it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is classified under headings of the statement of
financial activities to which it relates-.
expenditure on raising funds includes the costs of all fundraising activities, events,
non-charitable trading activities, and the sale of donated goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking
activities that further its charitable aims for the benefit of its beneficiaries, including those
support costs and costs relating to the governance of the charity apporboned to charitable
activities.
other expenditure includes all expenditure that is neither related to raising funds for the
charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs
attributable to a single activity are allocated direcdy to that activity. Shared costs are apportioned
be￿een the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangibl• assets
The trustees have assessed the market values of all the properties held at the Balance Sheet
date, taking into consideration rental yields and market conditions, it is their opinion the market
values are reftected in the carrying values included in the accounts at 11 December 2021.
Investments
Unlisted equity investments are recorded at market values at the balance sheet date.
12-

Francis Curley Charitable Fund
Notes to tho Financial Statements (¢ontlnued)
Year ended 11 December 2022
Accounting poli¢i•s (¢ontlnu•d)
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the
contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including
any related transaction costs, unless the arrangement constitutes a financing transaction, where
is recognised at the present value of the future payments discounted at a market rate of
interest for a similar debt instrument.
Current assets and current liabilities are subsequently measured at the cash or other
consideration expected to be paid or received and not discounted.
Other trading activities
Restricted Total Funds
Funds
2022
Restricted Total Funds
Funds
2021
Rents Re￿iVed
352,181
362,181
295,296
295,296
Investment income
Restricted Total Funds
Funds
2022
Restricted Total Funds
Funds
2021
Bank Interest
Investment Income
446
23,972
446
23,972
24,418
913
23,972
24,885
913
23,972
24,418
24,885
Expendlture on charrtable aotivities by fund typ•
Restricted Total Funds
Funds
2022
Restricted Total Funds
Funds
2021
Charitable activities
Support costs
26,450
31,510
26,460
31,610
57.960
20.502
35,764
20,502
35,764
57,960
56,266
56,266
Exponditure on charitable activitles by actlvity typ•
Activities
undertaken
dIreC￿Y Support costs
Total funds
2022
Total fund
2021
Charitsble activities
Governan￿ costs
26,450
26,450
31.510
20,502
35,764
31,510
26,450
31,510
57,960
56,266
13-

Francis Curley Charitable Fund
Notes to the Financial Statsments (eontinued)
Year ended 11 December 2022
Auditors remuneration
2022
2021
Fees payable for the audit of the financial statements
2.500
2,500
Trustee remuneration and expenses
No trustees received remuneration or other benefits through employment with the charity.
10. Tangible fixed assets
Land and
buildings
Cost
At 12 Dec•mb•r 2021 and 11 D•¢•mb•r 2022
3,961,697
Depreciation
At 12 December 2021 and 11 December 2022
Carrying amount
At 11 December 2022
3,961,697
At 11 December 2021
3,961,697
11. Investments
Other
Inv•stm•nts
Cost or valuatlon
At 12 December 2021
Additions
884,108
At 11 December 2022
864.108
Impalrnient
At 12 December 2021
Disposals
Impairment losses
At 11 December 2022
(105.351)
1105.351)
Carrying amount
At 11 December 2022
758,757
864,108
At 11 December 2021
All investments shown above are held at valuation.
The trustees of the fund in 2010 purchased 53,271 units at a cost of £500.000 in the Nl Central
Investment Fund for Charities. The market value of the investment at 11 December 2022 was
£758,757.
14-

Francis Curley Charitable Fund
Notos to the Financial Statements (conllnuod)
Year ended 11 Decembor 2022
12. Debtors
2022
2021
Trade debtors
other debtors
139,165
232,658
161,429
139,165
394,087
13. Cr•ditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
Trade creditors
Social security and other taxes
Other creditors
34.000
64.548
14,272
57,338
34,000
66,284
39,062
139,346
160,158
14. Creditors: amounts falling due after more than one year
2022
2021
Bank loans and overdrafts
154,309
195,364
16-

Francis Curley Charitable Fund
Notes to the Financial Statsments (contlnued)
Year ended 11 December 2022
16. Analysis of charitable funds
Restrlcted funds
At
12 Dec 2021
Gains and
At
losses11 Dec 2022
Income Expenditure
Transfers
Beneficiaries
Account
Estate Capital
AcLount
Repairs Account
Revaluation
reserve
Future Investrnent
Reserve
Provision for
Vacancies
266,461
376,599 (324,422) (74,221)
244,417
3,346,290
100,107
3,346,290
100,107
373,108
(105,351)
267,757
1,453,624
40,471
1,494,095
36,874
33,750
70,624
(105,3511 6,523,290
5,576,464
376,599 (324,422)
At
12 Dec 2020
Gains and
At
losses 11 Dec 2021
Income Expenditure
Transfers
Beneficiaries
Account
Estate Capital
Account
Repairs Account
Revaluation
reserve
Future Investment
Reserve
Provision for
Vacancies
206,545
320,181
(221,503) (38,763)
266,460
3,346,290
100.107
3,346,290
100,107
290,331
82,777
373,108
1,414,861
38,763
1,453,624
36,874
5,395,008
36,874
82,777 5,576,463
320,181
(221,503)
16-

Francis Curley Charitable Fund
Notes to the Financial Statements (contlnuedj
Year ended 11 December 2022
16. Analysis of net ass•ts between funds
Restricted Totsl Funds
Funds
2022
Tangible fixed assets
Investments
Current assets
Creditors less than 1 year
Creditors greater than 1 year
3,961,697
3,961.697
758,757
758.757
1,117,303
1,117.303
{160,158) (160.158)
{154,309) (164,309)
5.523,290
5,523,290
N•t assets
Restricted Totsl Funds
Funds
2021
Tangible fixed assets
Investments
Current assets
Creditors less than 1 year
Creditors greater than 1 year
Net assets
3,961,697
3,%1,697
864,108
864,108
1,085,368
1,085,368
(139,345) (139,345)
{195,364) (195,364)
5,576,464
5,576,464
17. Dlstrlbution
The distribution to the Beneficiaries is to be made as follows..
2022
2021
Bamardos
Sailors, Society
The Bible Society for N Ireland
Sandes Soldiers, Home
Belfast Hospital for Sick Children
Presbyterian Orpan Society
12,221
12,221
6,110
6,110
6,110
12,221
11.258
11,258
5,629
5.629
5,629
11.258
Presbyterian Church in Ireland
Foreign Mission
Zenana Mission
Home Mission
Old Age Fund
Jewish Mission
Sustenation Fund
Aged & Infirm Ministers, Fund
Society for Orphans of Ministers and
Missionaries of the Presbyterian Church
in Ireland (Incorporated)
30,552
18,331
12,221
12,221
6.110
61,106
36,663
28,143
16,886
11.258
11,258
5,629
56,287
33.772
12,221
11.258
244,418
225,152
17-

Francis Curley Charitable Fund
Notes to the Financial Statsments {contlnued)
Year ondod 11 Decomber 2022
18. Analysis of changes in net d•bt
At
At
12 Dec 2021 Cash flows 11 Dec 2022
Cash at bank and in hand
Debt due within one year
Debt due after one year
691,281
{34,000)
(195,364)
461,917
286,867
978,148
(34,000
1164,309)
789,839
41,055
327,922
19. Related parties
Professional services are supplied by Mcconnell, Chartered Surveyors £6,498 (2021: £3,930)
which is related parties by virtue of a common interest of Mr R Clark, a trustee of the charity.
18-