Company Registration Number . N1041911
Thornhlll Mlnlstrles Ltd
Flnanclal Statements and Trustees. Report
for the year ended 30 June 2023

Thornhill Minlstries Lld
Company limited by guarantee
Contents
Page
Legal and Administrative Information
Trustees, Report
Independent Examiner's Report
Statement of Financial Activities for the year ended 30 June 2023
Staternent of financial position as at 30 June 2023
Notes to the Accounts
9-14

Thornhill Minislries Ltd
Company limlted by guarantee
Legal and Admlnistratlve Infomiatlon
Status
The organisalion is a charitable company limited by guarantee, incorporated on 9 November 2001 and
is recognised as a charity by Revenue & Customs. The governing document is a Memorandum and
Articles of Association.
Dlrectors .
Mr Pat McLaughlin (Chairperson)
Mr Colm McGrellis
Sister Perpetua McNulty
Mrs Anne Maccrossan
Mrs Deirdre McDowell
Sister Margaret Tracey
Miss Mary Devine
Miss Helen McNicholl
Company Secretary .
Mr Colm McGrellis
Accountants .
Fergus McAteer & Co.
Chartered Accountants
31133 Clarendon Slreel
Derry
BT48 7ER
Maln Bankers .
First Trust Bank
Meadowbank
Strand Road
Derry
Sollcltors
Mccartney & Casey
3 Castle Street
Derry
Reglstered Offlce .
121 Culmore Road
Derry
8T48 8JF
Inland Revenue Charlty Reference Number .
XR 27278
Company Number .
Nl 41911
Charity Commlsslon for Northern Ireland Number:
NIC105114
Page 1

Thornhlll Mlnlstrles Ltd
Trustees, Annual Report
for the Year Ended 30 June 2023
Report of the trustees for the year endlng 30 June 2023
The Directors are pleased to present their annual report together with the financial statements of the Charity
for the year ended 30 June 2023 which are also prepared lo meet the requirements for a Directors, report
and accounts for Companies Act purposes.
The financial ststements comply with the Charities Act (Nl) 2022. Companies Act 2006, the Memorandum
and Articles of Association. and Accounting and Reporting by Charities- Statement of Recommended
Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS102) (effective 1 January 2019.1
The company is governed by a Memorandum and Articles of Association dated 16101107. The company
number is N1041911 and the regislerd office is 121 Culmore Road, Derry, BT48 8JF. The company is
registered Northern Ireland charity- reference NIC 105114.
Dlrectors and trustees
The directors of the charitable company {the Charity) are the trustees for the purpose of Charity Law.
The Directors during the year and at the 30 June 2023 were as follows..
Mr Pat McLaughlin (Chairperson)
Sister Perpetua McNulty
Mrs Anne Maccrossan
Mrs Deidre McDowell
Sister Margaret Tracey
Mr Colm McGrellis
Miss Mary Devine
Miss Helen McNicholl
Mr John Herron (Resigned 1511112022>
Chalr's report
In the past year, there was a relurn to more in-person engagements, while online activities continued.
Ministries in churches have not yet returned lo re-pandemic levels but Ihere are signs of new beginnings in in
terms of training and reflection.
Our purposes and actlvltles
The Objects of the Charity provide for opportunities of prayer, exploration, spirituality and faith formalion.
The Charity continues to be open to people of failh and, particularly, for those seeking contemplative
opportunities. The Charity does not exclude those who profess no particular belief.
In monitoring the objectives and planning for our activities, the Trustees have considered the Charity
Commission's guidance on public benefit requirement IPBR1). We are open lo and actively encourage the
whole community to join with us in our ministries and in our prayer.
Page 2

Thomhill Ministrles Ltd
Trustees. Annual Report
for the Year Ended 30 June 2023
Our volunteers
The consistenl effort of our volunteers in supporting the Ministries, activities is vital. The Trustees greatly
appreciale this support. Efforts in selling Christmas Cards and creative craftwork, as well as the recycling of
clothing, help our modest fundraising activities.
Achlevements and performance
The following programmes were offered during the year..
In-Person
Church Music Support {Weeklyl
Vocal Coaching Workshop
Sacramental Preparation (Weekly)
Sacramental Talks to Parents
Pre-confirmation Retreats
Post-confirmation Retreats
Spiritual Direction (Monthly)
One-Day Retreats {August and October)
Liturgy Training
Training of Ministers of Holy Communion
Training of Ministers of The Word
Facilitation of Parish Pastoral Council
"Going Deeper" Six-week Lenten Course
Reflection Gatherings for Prayer Guides
Zoom Conferencln
Individual Prayer Guidance
Oasis Hour5
Scripture Guided Prayer
Flnancial review
During the year total income of £8,543 was received. Total costs for the year were £3,796. This resulted in
a surplus for the year of £4,747. When added lo opening reserves of £33,421 it left the Charity with reserves
of £38,168 at the year end which are all unrestricted.
The Trustees were pleased with the results for the year. The reserves at the year-end were all unrestricted.
Reserves policy and golng concern
Reserves are needed to bridge the gap between the spending and receiving of income and to cover
unplanned emergency costs. The Directors consider thal reserves of £10,000 are required to meet all costs.
The Trustees have reviewed the circumstances of the Charity and consider that there are adequate funds for
the foreseeable future. The Trustees are of the view that the Charity is a going concern.
Page 3

Thornhlll Mlnlstrles Ltd
Trustees, Annual Report
for the Year Ended 30 June 2023
Plans for future perlods
The Trustees of the Charity remain passionate about its Objectives and Activities. With a return to in-person
engagements and the efforts being made at Parish level for renewal, the Charity is hopeful of new
possibilities. The Charity is committed to offering reflective processes for those hungering for spiritual
support. The time seems right lo re-establish an administralive base.
Statement of trustees. responslbllltles
The Charity Trustees (who are also the directors of the Thomhill Ministries Ltd for the purposes of company
law) are responsible for preparing a Trustees, Annual Report and financial statement5 in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice).
Company law requires Ihe Trustees to prepare financial statements for each financial year which give a true
and fair view of the state of affairs of the charitable company and of the profit or loss of the Charity for that
year.
In preparing these the Trustees are required to..
select suitable accounting policies and apply them consistently.,
observe the methods and principles in the Charities SORP.,
make judgements and estimates that are reasonable and prudent.,
state whether applicable UK Accounting Standards have been followed, subiecl to any material departures
disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
company will continue in business.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable
accuracy at any time the financial position of the Charity and to enable them to ensure that the financial
statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of
the Charity and hence for taking reasonable steps for the prevenlion and detection of fraud and other
irregularities.
The report has been prepared in accordance with the special provisions for small companies under part 15
of the Companies Act 2006.
The report was approved by the board on 11 October 2023 and signed on its behalf by
Slster Perpetua McNulty
Dlractor
11 October 2023
Page 4

Thornhill Ministries Ltd
Company Ilmlted by guarantee
Independent Examlnerfs report to the Charlty Trustees of Thomhlll Mlnlstrles Ltd
Year ended 30 June 2023
We report solely to the Charity Trustees on our examination of the accounts for the year ended 30 June 2023.
To the fullest extent permitted by law, we do not accept or assume responsibilily to anyone other than
Thomhill Ministries Ltd and its Trustees as a body for our work or for this report. As a practising member firm
of Chartered Accountants Ireland, we are subject to its ethical and other professional requirements which are
detailed at www.charteredaccounlants.ie.
Respectlve responslbllltles of charlty trustees and examlner
As the Charity Trustees (and also the directors of the company for the purposes of company lawl you are
responsible for the preparation of the accounts in accordance wilh the requirements of the Companies Act
2006 and the Charities Act (Northern Ireland) 2008. Having satisfied ourselves that the charity is not subject to
an audit under company law, and is eligible for independent examination, it is our responsibility to..
-examine the accounts under section 65 of the Charities Act.
-follow the procedures laid down in general directions given by the Charity Commission for Northern Ireland
under Section 65(9)Ibl of the Charities Act.
-slate whether particular matters have come to our attention.
Bas18 of Independént examlner's report
We have examined your Charily accounts as required under Section 65 of the Charities Act and our
examination was carried oul in accordance with the general directions given by the Charity Commission for
Northern Ireland under Seclion 65(9llbl of the Charities Act, The examination included a review of the
accounting records kept by the Charity and a comparison of the accounts presented with Ihose records. It also
included consideration of any unusual items or disclosures in the accounts, and seeking explanations from
you as Charity Trustees concerning any such matters.
Our role is to state whether any material matters have come to 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
Section 63 of the Charilies Act.,
2. that the accounts do not accord with those accounting 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 Charities Slalement of Recommended Practise
applicable to charities preparing their accounls in accordance with the Financial 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 examinalion and have no concerns In respect of the matters (1) to14) above and, in
connection with following the directions of the Charity Commission for Northern Ireland, we have found no
matters that require drawing to your attention.
Forgus McAt¢or & Co
Chartered Accountants
31133 Clarendon Street
Derry
BT48 7ER
CHATffeAED
1 1 OCT 2023
ACCOUNTANTS
11 October 2023
Page 5

Thornhill Ministries Ltd
Company Ilmlted by guarantee
Statement of Financlal Activltles
(Including income and expenditure account)
for the Year Ended 30 June 2023
Unrestrlcted Restrfcted
Funds
Funds
Totals
2023
Totals
2022
Notes
Income
Donations and legacies
Income from other trading activities
Investment & other income
630
7,913
630
7,913
1,305
9,636
1,465
Total
8,543
8,543
12,406
Expendlture
Charitable activities
Cost of raising funds
2,128
1,668
2,128
1,668
10,373
680
Totsl
3,796
3,796
11,053
Net Income
4,747
4,747
1,353
Net movement In funds
4,747
4,747
1,353
Reconclllatlon of funds
Total funds brought forward at 1 July 2022
33,421
33,421
32,068
Total funds carried forward at 30 June 2023
38,168
38,168
33,421
The statement of financial activities includes all gains and10sses recognised in the year.
All income and expenditure derive from continuing activities.
Page 6

Thornhill Mlnlstrles Ltd
Company Ilmited by guarantee
Balance Sheet as at 30 June 2023
Unrestricted Restricted
Funds
Funds
Totals
2023
Totals
2022
Notes
Flxed Assets
Tangible Assets
Current Assets
Cash at bank and in hand
Total current assets
53,863
53,863
53,863
53,863
34,241
34,241
Credltors: amounts falllng due
wlthln one year
(15,695)
115,6951
(820)
Net current assets
38,168
38,168
33,421
Total assets less current liabilities
38,168
38,168
33,421
Creditors: amounts falling due
after one year
Net assets
38,168
38,168
33,421
The Funds of the Charlt
Funds
38,168
38,168
33,421
For the year ended 30 June 2023 the company was entitled lo exemption from audit under Section 477 of
the Companies Act 2006 relating to small companies.
Directors responsibilities..
The members have not required the company to obtain an audit of its financial statements for the year in
question in accordance with Section 476;
The directors acknowledge their responsibilities for complying with the requirements of the Act with
respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies
subject to the small companies, regime and in accordance with FRS 102 'The Financial Reporting Standard
applicable in the UK and Republic of Ireland,.
Page 7

Thornhill Minlstrles Ltd
Company Ilmlted by guarantee
These financial statements were approved by the Board of Directors and authorised for issue on 11
October 2023, and are signed on behalf of Ihe Board by;
Slster Perpetua McNulty
Director
Company Reglstratlon Number . N1041911
Page 8

Thornhlll Mlnlstrles Ltd
Company Ilmlted by guarantee
Notes to the flnanclal statements
Year ended 30 June 2023
General Inforniatlon
The Charity is a private company limited by guarantee, registered in Northern Ireland. The address of
the registered office is 121 Culmore Road, Derry, 8T48 8JF.
Accountlng pollcles
Basls of preparatlon
The financial statements have been prepared in accordance with Accounting and Reporting by
Charities.. Statement of Recommended Practice applicable to charilies preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS
1021 (effective 1 January 2019) (Charities SORP {FRS 102)), the Financial Reporting Standard
applicable in the UK and Republic of Ireland {FRS 1021 and the Companies Act 2006.
Thornhill Ministries Ltd meets the definition of a public benefit entity under FRS 102. Assets and
liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the
relevant accounting policy note(s).
Turnover
Turnover represents the tolal value of grants received and receivable as well as other income arising
from other operating and fundraising activities during the year. Grants are recognised in the Profit and
Loss account when the conditions for their receipt have been complied with and there is reasonable
assurance that the grant will be received.
Tanglble assets
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated
depreciation and impairment losses.
Depreclatlon
Depreciation is calculated so as to write off the cost or valuation of an asset, less ils residual value,
over the useful economic life of that asset as follows..
Plant and machinery
25°/.
straight line
If there is an indication that there has been a significant change in depreciation rate, useful life or
residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Page 9

Thornhlll Mlnlstrles Ltd
Company Ilmlted by guaranteè
Notes to the flnanclal statements (contlnued)
Year ended 30 June 2023
Flnanclal Instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the
contractL5al provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement
constitutes a financing transaction, where il is recognised at the present value of the future payments
discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Where investments in non-convertible preference shares and non-puttable ordinary shares or
preference shares are publicly traded or their fair value can otherwise be measured reliably, the
inveslment is subsequently measured al fair value with changes in fair value recognised in profit or loss.
All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives. are initially recognised at fair value, unless payment
for an asset is deferred beyond normal business terms or financed at a rate of interesl that is not a
market rate, in which case the assel is measured at the present value of the future payments
discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in
profit or loss, with the exception of hedging instruments in a designated hedging relationship
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of
impairment at the end of each reporting date. If there is objective evidence of impairmenl, an
impairment loss is recognised in profit or loss immediately.
For all equity instruments regardless of significance. and other financial assets that are individually
significant, these are assessed individually for impairment. Other financial assets or either assessed
individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairmenl are recognised in profit or loss immediately, to the extent that the reversal
does not result in a carrying amount of the financial asset that exceeds what the carrying amount would
have been had the impairment not previously been recognised.
Llmlted by guaranteè
Thornhill Ministries Ltd is a registered charily limited by guarantee without a share capital.
Funds
Unrestricted Revenue Funds-
comprise those revenue funds which the management committee
are free to use in accordance with the company objectives.
Restricted Revenue Funds -
compnse those revenue funds which have been given for particular
purposes and projects.
Page 10

Thornhlll Mlnlstrles Ltd
Company Ilmlted by guarantee
Notes to the flnanclal statements Icontlnued)
Year ended 30 June 2023
5. Incoma
Unrestrlcted Restrlcted
Funds
Funds
Totals
2023
Totals
2022
Donatlons and le
acles
Donations
630
630
1,305
630
630
1,305
Income from tradln
Fundraising
Retreats and courses
actlvltles
981
6,932
7,913
981
6,932
7.913
3,502
6,134
9,636
Investment and other Income
Interest received
JRS Granl
1,465
1,465
Total
8,543
8,543
12,406
Page 11

Thornhlll Mlnlstrles Ltd
Company Ilmlted by guarantee
Notes to the flnanclal statements (contlnued)
Year ended 30 June 2023
Expendlture
Unrestrlcted Restrlcted
Funds
Funds
Totals
2023
Tolals
2022
Expendlture on charltable actlvltles
Wages & salaries
Insurance
Postage, stationery & advertising
Telephone
Accountancy fees
Bank interest & charges
Subscriptions
General expenses
Depreciation of FF & Equipment
8,043
710
125
144
926
247
30
13
135
10,373
461
116
167
968
248
155
13
461
116
167
968
248
155
13
2,128
2,128
Expendlture on cost of ralslng funds
Ministry resources
Facililors
Venue hire
Fundraising costs
411
300
773
411
300
773
680
1,668
1,668
680
Total
3,796
3,796
11,053
Employee number8
The average number of persons employed by the company during the year amounted to O {2022: 1).
Page 12

Thomhlll Ministrles Ltd
Company limlted by guarantee
Notes to the flnanclal statements Icontlnued)
Year ended 30 June 2023
Tanglble assets
Planl and
machinery
Total
Cost
At 1 July 2022
3,204
3,204
Depreclatlon
At 1 July 2022 and 30 June 2023
3,204
3,204
Carylng amount
At 30 June 2023
At 30 June 2022
Page 13

Thornhlll Mlnlstrles Ltd
Company Ilmlted by guarantee
Notes to the financlal statements Icontlnued)
Year ended 30 June 2023
Analysls of charltable funds
Analysls of movements In unrestrlcted funds
Balance at IncomlngResources
1 July 2022 Resources Expended Transfers
Funds at
30 June 2023
General Fund
33,421
8,543
(3,796)
38,168
33,421
8,543
(3,796)
38,168
Name of unrestrlcted fund Descrlptlon of the Fund
General Funds
Funds which the Charity is able to apply freely in pursuit of its own
charitable objectives and related purposes.
Analysls of movements In re8trlcted funds
Balance at IncomlngResources
1 July 2022 Resources Expended Transfers
Funds at
30 June 2023
Restricted Fund
Name of restrlcted fund
Restricted Fund
Descrlptlon of the Fund
Funds which the Charity applies for particular purposes and pro}ects in
pursuit of its charitable objectives.
Analysls of net assets between funds
General Restrlcted
Fund
Fund
Total
Fixed Assets
Debtors
Cash at bank and in hand
Creditors
53,863
(15,6951
53,863
115,695)
Total
38,168
38,168
Page 14