Thornhlll Mlnl•trle8 Ltd Tru8tee8' Annual Raport for the Year Ended 30 June 2023 Report of the trustee8 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 a150 prepared to meet the requirem8nts for a Directors, report and accounts for Compani88 Act purposes. The financial statements comply with the Charities Act {NII 2022, Companies Act 2006, the Memorandum and Article8 of Association, and Accounting and Reporting by Charilie8.' Statement of Recommended Practic8 applicable to charilies preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS102} (effective 1 January 2019.) The company is governed by a Memorandum and Articles of Association dated 16101107. The company number Is N1041911 and the registerd office 13 121 Culmore Road, Derry, BT48 8JF. The company is a registered Northern Ireland charity - reference NIC 105114. Dlrectorn and truotoe• The director3 of the charitable company {the Charity) are the truslees lor th• purpose of Charity Law. The Director8 during the year and at the 30 June 2023 were as foll0v.. Mr Pat McLaughlin (Chairperson) Sister Perpetua McNulty Mrs Anne MacCross8n Mrs Deidre McDowell Sister Margaret Tracey Mr Colm McGrellis Miss Mary Devine Miss Helen McNicholl Mr John Herron (Resigned 15111120221 Chalr'• report In the past year, there was a return to more in-person engagements. while onllne activities continued. Ministries in churches have not yet returned to re-pandemic levels but there are signs of new beginnings in in terms of training and reflection. Our purpo80• and actlvltl•• The Objects of the Charity provide for opportunities of prayer. exploration, spirituality and faith formation, The Charity continues to be open to people of faith 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 IP8R1) We are open to and actively encourage the whole community to join with us in our ministries and in our prayer. Pag• 1
Thornhlll Mlnl8trlM Ltd Tru•tee•' Annual Report for the Year Endod 30 Jun• 2023 Our volunte•r• The con51Stent effort of our volunteers in supporting the Ministries, activities is vital. The Trustees greatly appreciate this support. Efforts in selliry Christmas Cards and creative craffv4ork, as well as the recycling of clothing, help our modest fundraising activitie8. Achl•v•mont8 and perfomianco The followlng programmes were offered durlng the year.. Church Muslc Support (Weekly) Vocal Coaching Workshop Sacramenlal Preparation (Weekly) Sacramental Talks to Parent8 Pre-confirmation Retreats Post-confirmation Retreats Spirltual Dlrection {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 Conlgrnn In Individual Prayer Guidance Oasis Hours Scripture Guided Prayer Flnanclil rovlew During the year totsl income of £8,543 was received. Total costs for the year were £3,796. This resulted in surplus for the year of £4,747. When added to opening reserves of £33,421 il left the Charity with reserves of £38,168 at Ihe year end whlch are all unrestrlcted. The Trustees were pleased with Ihe results for the year. The reserves al the year*nd were 811 unrestricted. R•s•rvo• pollcy and golng concern Reserves are needed to brldge the gap behveen the spending and receiving of income and to cover unplanned emergency costs. The Directors consider that reserves of £10,000 are required to meet all costs, The Tru8te?g have reviewed the circumstances of the Charity and consider that there are adequate funds for the foreseeable future. The Truslees are of the view that the Charity is a going concern. Page 2
Thornhlll Mlnl$trlM Ltd Tru8tee•' Annual Report for th• Y•ar Ended 30 Jun• 2023 Plan• for future perfod• The Trustees of the Charity remain passionate about its Objectives and Activities. Wllh a return to in-person engagements and the efforts being made at Parlsh 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 to re-establish an administrative base. Statomenl ol tru•tO•8' rn8pon•lbllltl8• The Charlty Trustees (who are also the directors of the Thomhlll Mlnlstrles Ltd for the purposes of company law) are responsible for preparing a Trustees, Annual Report and financial statements in accordance with applicable law and United Kingdorn Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepar8 flnancial staternenls for each financial year which give a true and fair view of the stste of affairs of the charitable company and of the profit or loss of the Charity for that year. In preparing these the Tru8tee8 are required to.. select suitable accountlng policies and apply them conslstentty.. observe the methods and prlnciples in the Charlties SORP., make judgements and estimates Ihat are reasonable and prudent,, state whether applicable UK Accounting Standards have been followed, subject to any materlal departures disclosed and explained in the financial statements., prepare the financial statements on the going concern basis unless it is inapproprlate to pre8ume that the company wlll contlnue in buslness. The Trustees are responsible for keeping proper accounting records whlch 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 Iha Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for tha prevention and detection of fraud and other irregularities The report has been prepared in accordance with the special provisions lor 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 S181er Perpotua McNulty Dlrector 11 0ctob•r 2023 Page 3