Company Roglstratlon Number: N1041911 Thornhlll Mlnl•trl•• Ltd Flnanclal StJt•ments and Tru8t•e•' R•port for the year •ndéd 30 June 2022
Thornhlll Mlnlstrfes Ltd Cornpany Ilmlted by guarantee Contents Page Leg81 and Adminislrallve Information Twstees. Report Independent Ex8mlnefs Report Statement of Financi81 Activities for the year ended 30 June 2022 Stslement of fin8ncial po8ltion 88 at 30 June 2022 Notes lo the Accounts
Thornhlll Mlnl8trles Ltd Company Ilmltèd by guarantee L•g41 and Admlnlstratlve Informatlon Status The organisalion is a charitable company limited by guaranloe, incorporated on 9 November 2001 and is recognised as a charity by Revenue & Customs. Tho governing document is a Memorandum and Articles of Associètion, Dlrectors . Mr Pal McL8ughlin IChalTp8rsonl Mr Colm McGrellis Sister Pefpelua McNulty Mrs Anne Maccrossan Mrs Deirdre McDowell Slsl8r Margaret Tra¢8y Miss Mary Oevlne bAr John Herron Mlss Helen McNlcholl Cornpany S•cr•t•ry . Mr Colm McGrellis Accountants . Fergu8 McAleer & Co. Chartered Accountan15 31133 Clarendon Street Derry BT48 7ER Maln B•nk•rn: Flrst Tru818ank Meadowb8nk Strand Road Derry Sollcltor8 . Mccartney & Casey 3 Castle Street Dery R•gl8ttred Offlcè . 121 Culmore Road Derry 8T48 8JF Inland Revenu• Charfty Referenc• Number: XR 27278 Company Number: Nl 41911 Charlty Commls$lon for Northern Iro18nd Numbar: NIC105114 Page 1
Thomhlll Mlnlstrles Ltd Tru8tees' Annual Report for the Year Ended 30 June 2022 Report ofthe trustees for the yearendlng 30 June 2022 The Directors are pleased lo present their annual report together with the financial statements of the Charity for the year ended 30 June 2022 which are also prepared to meet the requirements for a Directors, report and accounts for Companies Act purposes. The financial stslemenls comply with the Charities Act 2011. Companies Act 2006, the Momorandum and Articles of Association, and Accounting and Reporting by Charities.. Statement of Recommended Praclise applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in th8 UK and Rèpublic of Ireland IFRS102) leffeclwe 1 January 2015.1 The company is governed by 8 Memorandum and Articles of Association dated 16101107. The company number is N1041911 and the règislerd offlce 18 121 Culmore Road, Derry. 8T48 8JF. The company is a reglslered Northem Ireland charity. reference NIC 105114. Dlrectors •nd trust••s The director¥ of the chari18ble company (the Chadtyl are th8 Iruslees for th8 purpo$e of charity law. The Directors during the year 8nd al the 30 June 2022 wère as follows.. Mr Colm McGrelll8 Miss Mary Devine Mr John Herron Miss Helen McNlcholl Mr Pal McLaughlln IChalrper8on) Sister Perpetu8 M¢Nully Mrs Anne M8cCrossan Mrs Deidre Mcoowell Sister Margaret Tracey Chalr'• report Throughout the last year, the online delivery of activities continued and in-person engagements started again. 11 was only in the last months of this yearfs work th81 places of worship oxperiencad the return of congregations. The limited involvement of laity in mlnislry In the Church (because of the p8ndemicl has m88nt that there have bean no raquests for Iralnlng or reflection days. Th8 Trustees acknowledge that the pandemic has greatly reduced the Church-b8s0d activities ol Thofnhill Ministries, However, the contribution ol our generous volunteers continues lo be valued and essential. In particular, the readiness and willingness of Prayer Guides lo assist with the Seasonal Activities in parish conlexls has made il possible lo offer prayer opportuniti8s online andlor via webcams. The efforts of volunteers in preparing and uploading maleri818 on Facebook is a benefit lo many. Our purpos•• and ¥ctlvltl•• The objects of the Charity provide for opportunilles of prayer, explorBtlon of spirituality. renewal, reflection and adult faith fomialion, The Charity continues to be open lo people of faith, to others who are searching lor meaning in their lives, lo those seeking conlemplalive opportunities. and to individuals who seek spir¢lual direEtion. A prlorlty ol Thornhill Minislrie3 13 to en3ure th8t Its objects are accèssible to all including thos who belong lo low income groups. In monitoring the objeellves and plannlng for our aclivilies, the Trustees have consldered tho Chadty Commission's guidance on public benefit requirement IPBR11. We are open lo and actively encourage the ole community to join with us in our ministries and in our pr8yer. Page 2
Thornhlll Mlnlstrles Ltd Trusteeo. Annual Report for the Year Ended 30 June 2022 Ourvolunteers The consislenl efforts of volunl8ers in helping with distribution of our Lenten Calendars, our annual Christmas Cards. creative crafbNork or in assisbng wlh the recycling of clothlng has helped wlh our modest fundraising. The Trustees greatly appreciate a11 who in any way support the Companls efforts to realize our Objectives, albeit in limited circumstances. Achl6vem•nt¥ and performan Despite the challenges of the pandemlc Thomhill Minis1ri8s h88 ¢ontlnu8d lo offer the followlng'.- Individual Prayer Guidance Imonlhlyl vla zoom Oasis Hours, (Advent, Lent 8nd lemlyl vla zoom Advent and Lenten Iweeklyi Guided Prayer (weekly throughout the year via webcam) Scripture Guided Prayer IAdvenl and Lent via parish webcam x 21 'Lel's talk Church Music, and '8ring a Hymn. vi8 zoom 'Beyond the 8ruising' Summer retreat (August) v18 zoom In-person aclivilies'.- Advent Retreat Morning io faith communities (weekly for the se88on x 2 groups) Lenl8n Scripture Mornings lo a fallh communlly Iwgekly} Church Music Support (weekly x 2 porishes) Sacramental Preparation Iweeklyl Spiritual Direction Imonlhlyl Taize Pr8yer ILenl x 3} Minidfulness Reflection Evenlng lono-offl Pre-confifmalion Retreat lone-offl Liturgy Iralning It Flnanclal r•vlew During th8 year total income of £12.406 was received. Total costs for the year were £11,053 including depreciation of £135. This resulled In a surplus for the year of £1.353. When added lo opening reserves of £32,068 il left the Charity wllh reserves of £33,421 at the year end whlch are all unrestricted. The Trustees were pleased with the results for the year. The reseNes al the ye8r-end were all unreslricled. R•i•ries pollcy and golng con¢•rn Reserves 8re needed lo bridge the gap betsveen the spending and receiving of income 8nd to cover unplanned emergency costs. The Directors consider that reserves of £10,000 arg required lo meet all costs. The Trustees have revlewed the circumstances of the Chanty and consider that there are 8d8quale funds for the foreseèable future. The Trustees are of the view that the Charity is a going concem. Page 3
Thomhill Mlnlstrles Ltd Trustees. Annual Report for the Year Ended 30 June 2022 Plans for future perlods The effects of the pandemic, the necessity to let go of employees and the loss of Thornhill House have significantly impacted Thornhill Ministries. The Trustees of the Charity remain passion810 to its Obiects and Activities. With the easing of re51riclions, the hope of the Trustees is that the new year will bring opportunities formore in-person engagements and to reconvene the cohort of volunteers, particularly for the Prayer Guidance movement which has been largely dorrnanl due lo th8 pandemic. The Charity remains committed lo presenting r8fleclive processes in responding lo the hunger for spiritual nourishment and is planning to lead retreal-days and lilurglcal training opportunities in the coming months. stst•m•nt of tru•t••s respon8lbllltl•¥ The Charity Trustees {who are also the directors of the Thornhlll fvAlnislries Ltd for the purposes of company lawl are responsible for preparing 8 Iruslees, annual report and financial statements in accordance wilh applicable law and United Kingdom Accounting Sl8ndBrds (United Kingdom Generally Accepted Accounting Pra¢llcèl. Company law requires the directors lo prepare financial slalements for each financial year which glve 8 true and fair view of the Stale of affairs ol the ch8ril8ble company and of the profil or1088 of the Charity for that year. In preparing these the director$ 8re required lo: select suitsble accounting policies and apply them consislenlly.. obseNe the methods and principles in the Charities SORP., m8ke judgements and estimates Ih818re reasonable and prLsdenl', slate whether applicable UK Aecounling Standards have been followed. subject lo any m8leri81 departures disclosed and explained in the finBnci81 slatemenls., prepare the fln8nci81 slAlemenls on the going concern b8818 unless il Is Inappropriate lo presume that the company will continue in business. The directors are responsible for keeplng proper accountlng records which disclose with aSonable aUraCY 81 any time the financial position of the Charity and lo enable them to ensure that the financial slatgm8nls comply with the Companies Act 2006. They are also T8sponsiblè for safeguarding the assets of the Charity and hence for tsking rèasonable steps for the prevention and detection of fraud and other irregularities. The report has been prepared In accordance with the special provisions for small companie8 under part 15 of the Companies Act 2006. The report was approved by the board on 4 October 2022 and signed on its behalf by MT Colm MCG Director 4 October 2022 Page 4
Thomhlll Mlnistrles Ltd Company Ilmlted by guaranteo Independ8nt examlnerfs report to the charfty trustees of Thornhlll Mlnlstrlès Ltd Year ended 30 June 2022 We report solely lo the Charity Iruslees on our examination of the accounts for the year ended 30 June 2022. To the fullest exlgnl permitted by law. we do not accept or assume responsibility lo anyone other than Thornhill Ministries Ltd and its Iruslees as a body for our Work or for this report. As a praclising member firm of Chartered Accountsnls Ireland. we are subject lo its ethical and other professional requirements which are detailed at ww4.charteredaccounlanls.ie. Respectlvo responslbllltles of charlty trustee8 and examlner As the Charity trustees land also the directors of the company for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 and the Charities Act (Northem Ireland) 2008. Having satisfied ourselves that the Charity is not subject lo an audit under company law. and is eligible for independent examination, it is our responsibility to.. -examine the accounts under seclKJn 65 of the Charities Act. -follow the procedures laid down in general directions given by the Charity Commission for Northem Ireland under Section 6519llbl of the Charities Act. .stale whether particular matters have come to our attention. Basls of Indepèndent examln8rf8 report We have examined your Charity 8ccounls as required under Seclion 65 of the Charities Act and our examination was carried out in accordance with the general directions given by the Charity Commission for Northern Ireland under Section 65191{bl of the Charities Act. The examnation included a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records.11 abso Included consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as charity trustees conceming any such matters. Our role is lo slate whether any material matters have come lo our attention giving us concern to believe: 1. that accounting records were not kept as required by with Section 386 of the Companies Act 2006 and Se¢tion 63 of the Charities Act., 2. th81 the accounts do not accord with those a¢UntIng records.. 3. that the accounts do not comply with the accounting requirements of Section 396 of the Companies Act 2006, the Charities Act and with methods and principles of the Ch8rit18s Statement of Recommended Pr8cIis8 applicable lo charities preparing their accounts in accordance with the Financi81 Reporting Standard applicable in the UK and Republic of Ireland. 4. that there is further information needed for a proper understanding of the accounts to be reached. Independent examlnerfs statement We have Completed our examination and have no concems in SPect of the matters1111014) above and, in connection with following the directions of the Charity Commission for Northem Ireland, we have found no matters that require drawing lo your attention. McAteer & Co Chartered Accountanis 31133 Clarendon Street Derry BT48 7ER Llirr=Lfy CHARTERED 4 OCT 2022 4 October 2022 AGLJUNTANTS Pag• 5
Thornhlll Mlnl8trles Ltd Company Ilmlt¢d by guarante• Statem•nt of Flnanclal Actlvltles Ilncluding Income and expendlture accounll forthe Yoar Ended 30 June 2022 Unre8trlct•d R•strlcted Fund• Funds Total• 2022 Totals 2021 Notes Incom• Donations and legacies Income from other trading aclivlties Investment & other income 1.305 9,636 1,465 1,305 9,636 1,465 870 12,639 9,757 Total 12,406 12,406 23,266 Exp•ndltur• Charitable 8cllvitl88 Cost of ralsing funds 10.373 680 10.373 680 14,909 1,163 Total 11.053 11,053 16.072 Net Incom• 1,353 1.353 7.194 Net mov•ment In lundm 1,353 1,353 7,194 R•conclllatlon ol fund• TolÈl funds brought forward 811 July 2021 32,068 32,068 24,874 Totsl funds carried forward al 30 Junè 2022 33.421 33,421 32,068 The st8lemènl of financial 8ctivilio5 includes all gains and losses regnised in the year. All income and expenditure derlve from conllnuing 8clivilie8. Pag¢ 6
Thornhlll Mlnlstrles Ltd Company Ilmlted by guarantee Balance Sheet •a at 30 June 2022 Unre8trlct•d Restrlcted Funds Fund8 Total• 2022 Totals 2021 Notes Flxéd Asse T8ngibl6 Assets 134 Current Ass•ts Cash 81 bank and in hand Total currant •8set• 34,241 34,241 34,241 34,241 32.644 32,644 Credltors: #mount• f•lllng due wlthln on• year 18201 18201 1710) Net current •*••t• 33,421 33,421 31,934 Total •85•ts le•• curr•nt Ilabllltle8 33,421 33.421 32.068 Cr•dltors'. amounts f4lllng du• after on• y•#r Net a8••ts 33,421 33,421 32.068 The Fu fthe Funds 33,421 33,421 32,068 For the year ended 30 June 2022 thè comp8ny was entitled lo exemption from audit under Seclion 477 of the Companies Act 2006 relating lo small companies. Directors responsibilities,. The members have not required the company lo obtain an audit of rt8 financial $18lemenls for the year in question in 8ccordan¢e wth Sectlon 476; The directors acknowledge their sponSibl1111es for complying with the requirement$ of the Act wlh respect lo accountlng records and the preparation of financial stslemenlg, These financial slalemenls have been prepared in accordance with th8 provislons applic3ble lo companies subject to the small Companies, regime and in accordance with FRS 102 Yhe Financial Reporting Stsndard applicable in the UK and Republic of Ireland,. Page 7
Thomhlll Mlnlstrles Ltd Company Ilmlted by guarantèe These financial slalemenls were approved by the board of directors and 8uthorised for issue on 4 October 2022. and are signed on behalf of the board by; Mr Colm McGr Dlrector Company R•gl#tratlon Numb•r: N1041911 Page 8
Thornhlll MlnlstrJ•s Ltd Company Ilmlted by guarant•e Notes to the flnanclal •tat•ments Year ended 30 June 2022 General Infom)atlon The Charity is a private company limileé by guarantee. registered in Northern Ireland. The address of the registered office is 121 Culmore Road, Derry, BT48 8JF. Accountlng pollcl•$ Basls of preparatlon The linanclal statements have b8en prepared on the histodc81 cosl b8$ls. as m¢>Jified by the revaluation of certain financial assets and liabllilies and inve$lmenl propertl88 measured al fair value thro¢Jgh proni or loss. The financial $181gmenls are prepared In slertlng, which is the functional currency of the enllty. Tumov8r Tumover is measured al the fair value of the consideration rec6ived or receivable for goods supplied 8nd sèrvices rendared, nel of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the signiflc8nl risks and rew8rd$ of ownership have transferred lo the buyer, usually on despatch of tho goods., the amounl of rèvanue can be measured reliably., il is probable that the associatgd economic benefits will flow lo the entity and the costs incurred or lo be incurred in r8specl ol the tr8n88clions can be me88ured reliably. Taxatlon The laxalion expense represents the aggregate 8mounl of currenl and deferred tsx recognised in the reporting period. Tax is recognised in the slalemenl of comprehènsive income, except lo the exlenl that il relates to items rècognised in other comprehenslve income or direGIIy in c8pilal and resèNès. In this case, lax is recognised In other comprehensive income or directly In c8pilal and reserves, respectively. Current IAX is rocognised on taxable profit for the current and past periotts. Current lax is measured al the amounts of lax expected to pay or recover using the 18x rates 8nd18ws th81 have been enacted or subslanlively enacled al the reporting d8te. Deferred tax is recognised in respect of all limlng diffenCeS 81 the reportlng dale. Unrelieved lax losses and other deferred tax assets are recognlsed lo the extent that it Is probable th81 they 11 b8 recovered against the reversal of defeTTad tax liabilities or other future taxable profits, Deferred lax is measured using the 18X fates and laws that h8ve been enacted or substantively enacted by the reportlng date that 8re expected lo apply to the reversal of the timing dlfferenGe. Tanglblt assets Tangible 8ssels are initially recorded al cost. and arè subsequently ststed at cosl188s any accumul31od depreeialion and impairment losses. Any tangible assets carried al revalued amounts are recorded It the fair value at the dale of revaluation less any subsequent accumu181ed depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive Income and aecumulaled in capital and reserves, except lo the exleni It reverses a revaluation decrease of the same asset previously recognis8d in profil or loss. A decrease in the carryng amount of an asset as a result of ravaluation is recognised in other comprehensive income lo the exlenl of any previously recognised revaluation increase accumulated in c8Pital and reseNe8 in respect of Ihal asset. Where 8 revaluation decTe8se exceeds the 8ccumulaled revaluation galns accumulated in capital and reserves in respect of that asset. the gxcgss sh811 be recognised in profit or loss. Pagè 9
Thornhlll Mlnlstrles Ltd Company Ilmlted by guarante• Notes to th• flnanclal 8tat8ments Icontlnued) Year ended 30 Jun• 2022 Dopr•clatlon Depreciation is calculated so as lo write off the cost or valu8llon of an asset, les$ ils regidual value. over the useful economic life of thal assel as follows.. Plant and machinery 25% slraighl line If there is an indicatlon that there has been a signlficanl change in deprgciation rate, useful life or residu81 value of tsngiblo assets, the depreclalion is revised prospectively to reflect the ngw esllm81es. Flnanclal ID$trum•nts A financial asset or 8 financial liability is recognised only when the company become8 a party to the contractual provisions of the instrvmenl. Basic financial instruments are initially récognisad 81 the transaction price. Lsnless the 8rTangemenl con51itules a financing transaction. where il is recognised al the present value of Ihe future payments discounted al a market rale of interosl for a Similar debt inslrumenl. Debt instruments 8re subsequently me88urèd 818mortlsed cost. Where inve51menls in non-convertible preforence shares and non-puttable ordinary shares or preference shares are publicly traded or their f8ir value c8n olherwlse be measured reliably, the Investment 1$ subsequently mea$ur8d at f81r value with changes in fair v81ue recognlsed In profil or1088. All other such investments ar8 subs8quenlly measured al cosl18ss impairment. Other financial Instruments, Including derivatives. are ini118lly recognised 81 fair value. Ltnle88 Payment for an assèt is deferred beyond normal business terms or financed al a rale of interest that is not 8 market rate, in which case the as581 is measured al the present value of the luture payments discounted al a market rale of interest for a simi18T debt inslrumenl. Olh8r financial instruments 8re subsequently measured al fair value, with any changas rocognlsod In profll or loss, wilh the exception of hedging instruments in 8 designated hedging relallonship. Financial assels that 8Te measured al cost or 8mortlsed co81 are reviewed for objective evidence of impalrmenl al the end of each reporting da18. If Ihero 4$ objective evldenc8 of Imp8STmenl, an impairment loss is recognised in profil or loss immediately. For all equity instruments regardless of significance, and other financi81 assets th81 are individually significant, these are assessed individu811y for impairment. Othar financlal 8s$8ts or either 8ss8ssed Individuolly or grouped on the basis ol simi18r credit risk char8CteTI8IIcs. Any reversals of impairment are recognised in profil or loss immediately, lo the extent that the revers81 does not result in a carrying amounl of the financial 8S5Ét Ih8t exceeds wh81 the c8rrying 8mounl would have been had (he impairment not previously been recognised. Llmlted by guar•nte• Thornhill Ministries Ltd is a registered charity limited by guarantee wilhoul a share ¢api181. Fund• Unresirlclgd Rev8nu8 Funds - comprlse those ravonue funds whlGh the mana9oment commlttae are free lo use in accordancè with the company objactives. Restcted Revenue Funds- comprise those revenue fL¢nds whlch have been given for pa'Cular purposes and projeels. Pago 10
Thomhill Mlnl8trl•s Ltd Company Ilmltod by guarante• Notes to th• flnanelal statements Icontlnuodl Year ended 30 June 2022 S. Income Unre8trlcted Re•trlct•d Funds Fund• Totals 2022 Total• 2021 Donatlon• and l• acl•8 Contributions from Sisters of Mercy Donations 1,305 1,305 870 1,305 1.305 870 Incom• from tr Fundraising Relre8ls and course$ Use Of Facilities Sundry income dln Ivltl• 3,502 8,134 3.502 6.134 5.160 7,479 9,636 9,636 12.639 Inv••tm•nt #nd othér Incom• Inter881 r8C6ived JRS Grant Sale of fumilure 1,465 1,465 8,242 1,515 9,757 1.465 1.485 Total 12.406 12.406 23,266 Page11
Thornhlll MlnS#trfe8 Ltd Company Ilrnlted by guaranta• Notes to the flnanclal $tatem6nts IcontSnuedl Y•ar ended 30 Juno 2022 Exp•ndltur• Unrestrlctsd R•strlcted Funds Funds Total8 2022 Totals 2021 Expendlture on ¢h4rltable actlvltlo• Wages & Salaries Insurance Light and heat Soft furnlshings Postage. stslionery & advèrtising Telephone Accountancy fees Bank interest & charges Subscriptions General expenses Doprecialion of FF & Equipment 8,043 710 8.043 710 12,570 276 147 125 144 926 247 30 13 135 10,373 125 144 926 247 30 13 135 10,373 58 107 814 399 30 13 495 14,909 expendlture on co•t of ralslng fund$ Ministry resources Faeililors Venue hire Provisions and catering c0818 Fundraising cosls 1,163 680 1.163 Total 11,053 11,053 16.072 Employ•• numb•rn The 8verage number of persons employed by the company dung the year amounted to 1 {2021'. 11. Page 12
Thomhill Mlnlstrles Ltd Company Ilmlted by guarant8e Notes to the flnan¢lal statements {contlnuodl Year ended 30 June 2022 T•nglbl• •¥$•t• Plant and machinery Total Cost At 1 July 2021 3.204 3,204 Deprtclatlon Al 1 July 2021 Charge for the year 3.069 135 3,069 135 At 30 Jun• 2022 3,204 3,204 Carrylng amount At 30 Jun• 2022 AI 30 June 2021 135 135 Page 13