Company Registration Number .' N1041911 Thornhlll Mlnlstrles Ltd Flnanclal Statements and Trustees. Report for thè year ended 30 June 2025
Thomhill Ministries Ltd Company limited by guarantee Contents Page Legal and Adminislr8tsve Information Trustees. Report Independent Examiner's Report Statement of Financial Activities for the year ended 30 June 2025 ststemenl of financial position as at 30 June 2025 Notes to the Accounts 9-13
Thornhill Ministries Ltd Company limited by guarontse Legal and Admlnl8tratlve Inforniatlon Status . The organ15alion is a charit8ble company limited by guarantee. incorporated on 9 November 2001 and is recognised as a chanty by Revenue & Customs. The goveming document is Articles of Association. Dlrectors .' Mr Pal McLaughlin (Chairperson) Sister Perpetua McNulty Mrs Anne Maccrossan Mrs Deirére McDowell Sister Margaret Tracey Miss Mary Devine Miss Helen McNicholl Company Secretary . Mrs Anne Maccrossan Accountsnts . Dohety & Co Accountants Ltd Chartered Certified Accountsnts The Amp 11 Ebringlon Squafe Derry BT47 6FA Main Bankers: AIB INI) Meadowbank Strand Road Dery BT48 7TN Sollcltor8 . Mccartney & Casey 3 Castle Street Derry BT48 6HG R9gl8ter Offico . The Pastoral Centre 164 Bishop Street Derry BT48 6UJ Inland Revènue Charity Reference Number . XR 27278 Company Number . N141911 Charlty Commlsslon for Northem Ireland Number: NIC105114 Paga 1
Thomhlll Ministries Ltd Trustees. Annual Report lor thg Ygar End8d 30 Junt 2025 Report of the trustees for the year endlng 30 June 2025 The Directors are pleased to present their annual report together with the financial statemen15 of the Charity for the year ended 30 June 2025 which are also prepared lo meet the requirements for a Directors, report and accounts for Companies Ad purposes. The financial stslements comply with the Charities Act INI) 2022, Companies Act 2006, the Memorandum and Articles of Association, and Accounts'ng and Reporting by Charities. Ststemenl of Recommended Practice applicable lo charities preparing their accounts In accordance with the Financial Rèporting Standard applicable in the UK and Republic of Ireland IFRS1021 leffeGlive 1 January 2019.1 The company is govemed by Articles of Association dated 0710312016. The company number is N1041911 and the regislerd office is The Pastoral Cenlre, 164 Bishop Street, Derry, 8T48 6UJ. The company is registered Northem Ireland Charity- feference NIC 105114. Dlrectorn and tru$ta8S The directors of the charrtable Company Ithe Chartyl are the trustees for the purpose of Charity Law. The Dire¢lors during the year and at the 30 June 2025 were as follows". Mr Pat MeLaughlin (Chairperson) Sister Perpetua McNulty Mrs Anne Maccrossan Mrs Oeidre McDowell Sister Margaret Tracey Miss Mary Devine Miss Helen M¢Nicholl Chalrf8 report The past year was sobering in that the changes to the Ministries (brought abDUt essentially post the loss of employees, no admin base nor an associated location plus the changes in Church practice since the pandemic) presented the challenge of maintsining a profile. Our purposas and a¢tivitl¢• The Objects of the Charity provide for opportunities of prayer, exploration, spirituality and faith formation. The Charity eonlinues lo be open to people of faith and, particulady, for those seeking contemplative opportunities. The Charity does not exclude those who profess no particular belief. In monitoring the objectwes and planning for our aclivilies, the Trustees have Considered the Charity Commission's guidance on public benefit requirement IPBR11 We are open to, and aclively encourage, the wider community to avail of andlor join with us in opport(anilies for prayer experiences and for support In Liturgy. Page 2
Thomhlll Mln18trles Ltd Trusteos. Annual RoFK>rt for the Yèar Ended 30 June 2025 Our volunteers The consistent effort of our volunteers in supportrng the Ministries, activities is vital. The Trustees greatly apprèciate this supKK)rt. Efforts in sellin9 Christmas Cards, Lenten Calendars and creats've ¢rafvork, as well as the rYdIng of ck)thing, help our modest fLtndraising aclivilies. Achlevements and perfomiance The following programmes were offered during the year. In-P&rson Church Music Support (Weekly) Sacramental Preparation Iweeklyl Pre-confirmalion Retreats P051-Confim)alion Retreats Spiritual Direction Talks lo parents as pre-sacmmentsl preparation lo parishes for the Jubilee Year of Hope Advent Reflects'on Evenings Celebration of Cribs- Weekend Liturgy Training Training of Ministers of Holy Communion Training of Ministers of The Word Sourcing the Hope- Retreat Day Heanng the Call lo be Pilgrims of Hope- Lenten Evenings Taize Prayer- Lenten Evenings Planning lor Jubilee Pilgrimage to Rome Flnanclal review During the year total income of £10,206 was received. Totsl costs for the year were £4.497. This resulted in a surplus for the year of £5.709. When added lo opening reserves of £40.869 f( left the Charity with reserves of £46.578 al the year end which are all unrestricted. The TTLlStees were pleased with the results ft>r the year. The reserves al the ye8r-end were 811 unrestricted. Roserves pollcy and going concem Reserves are needed to bridge the gap beten the spending and receNing of income and lo cover unplanned emergeney costs. The Directors consider that reserves of £8,000 are required to meet all costs. The Trustees have reviewed the circumstances of the Charity and considef that the are adequate funds for the fores&able future. The Trustees are of the view that the Charity is a going concern. Pagt 3
Thomhill Mini¥trios Ltd Trust••s' Annual Report for the Year Ended 30 June 2025 Plans for future perlod8 The Tnjstees of the Charity remain passionate about ils Objectives and Activities and yet sense the need lo relaunch. Immediate consideration is needed by the Charity lo address the name of the Charity and lo promote the work of the Charity. The Charity is committed lo offering refteclive processes for those hungering for spiritual support. Statement of trugtees. responsibiliti The Charity Trustees (who are also the directors of the Thornhill Ministries Ltd for the purposes of company lawl are responsible for prepanng a Trustees, Annual Report and financial stslements in accordance with applicable law and United Kingdom Accounting Standards (United Kl'ngdom Generally Accepted Accounting Praclicel. Company law requires the Trustees to prepare financial slalements for each financial year which give a true and fair view of the stale of affairs 0¢ the charitsble company and of the pfofit or loss of the Charity for that year. In preparing these the Trustees are required lo.. select suitable accounts.ng policies and apply them consistently.. observe the methods and principles in the Charities SORP., make judgements and estimates that are reasonable and prudent., Stale whether applicable UK Accounting Stsndards have been followed, subject to any material departures disclosed and explained In the financial slatemenls.. prepare the financial 51alements on the going concem basis unless rt is inappropriate to presume that the company will continue in business. The Trustees are responsible for keeping proper aecounling record5 which disclose with reasonable accuracy al any time the financial position of the Charity and lo enable them lo ensure that the financial slalemenls comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence fof taking reasonable steps for the prevention and detection of fraud and other irregularities. The report has been prepared in accordance with the special provisions for small compan*s under part 15 of the Companies Ad 2006. The report was approved by the board on 15 September 2025 and signed on ils behalf by Slster Perpetua McNulty Director 15 Septsmbgr 2025 Page 4
Thornhill Ministries Ltd Company limited by guarants• Indèpendènt Examlnerfs rnport to thè Charity Trustees of Thomhlll Mlnl$trl6s Ltd Year ended 30 June 2025 I report solely to the Charity Trustees on my examination ol the accounts for the year ended 30 June 2025. To the fullest extent permitted by law. I do not accept or assume responsibility to anyone other than Thomhill Ministries Ltd and Ils Trustees as a body for my work or for this report. As a pract'sing member of the Chartered Association Of Certified Accountants l am subj1 lo its ethical and other professional requirements which are detsiled at vw4v.accaglobal.com. RespectSve respon$lbSlltles of Charity trustees and examlner As the Charity Trustees land also the directors of the company for the purposes of company lawl you are respon51ble for the preparation of the accounts in a¢cordance with the requirements of the Companies Act 2006 and the Charities Act (Northem Irelandl 2008. Havin9 satisfied myself that the charity is not subject to an audit under company law. and is eligible for independent exarninalion, il is my responsibility lo". xamine 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 6519llbl of the Charities Act. -stale whether particular matters have come to my attention. 81818 of independent gxaminerfs report I have examined your charity accounts as required under section 65 of the Charities Act and my examinab.on was carried out In accordan with the genèral directions given by the Charity Commission for Northem Irelané under sects.on 6519llbl of the Charibes Act. The exarninalion included a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also included onsideralion of any unusual rtems or disclosures in the accounts, and seeking explanations from you as charity tnjslees conceming any such matters. My role Is to stsle whether any material matters have come lo my attentson giving me concem to believe.. 1. that accounb.no records were not kept as required by with sethon 386 01 the Companies A¢t 2006 and sectK)n 63 of the Charities Act", 2. that the accounts do not acrd with those accounting records., 3. that the aUrnts do not comply with the accounting requirements of sectK)n 396 of the Companies Act 20C6, the Charities Act and wth methods and principles of the Charities Statement of Recommended Praclise applicable lo charib.es preparing their accounts In accordance wlh the Financial Reporting Standard applicable in the UK and Republic Of Ireland 4. that there 1$ further informatson needed for a prop8r understsnding of the accounts lo be reached. Indgpendent examinerf8 Statement I have completed rny examination and have no concerns in respect of the matters111 to141 above and, in connection with following the directions of the Charity Commission for Northern Ireland, I have lound no matters that require drawing to your attention. Stsph Doherty FCCA Chartered Certlfied Accountant The Amp 11 Ebrington Square Dèrry BT47 6FA 15 Septsmber 2025 Page S
Thomhill Ministries Ltd Company limitgd by guaranteo Statement of Flnanclal A¢tlvitiOS Ilneludln9 income and expendfture account) for the Y•af Endod 30 June 2025 Unrestricted R•strict Funds Fundo Totals 2025 Totals 2024 Note8 Income Donations and legacies Income from other trading activits'es 2.520 7,686 2,520 7,686 703 9.517 Tot•l 10.206 10,206 10,220 Expendlture Charitable acts'vits'e5 C¢)st of rai5in9 funds 2,705 1,792 2,705 1,792 2,940 4.579 Totsl 4,497 4.497 7,519 Net income 5,709 5,709 2,701 Net mov•m•nt In fund8 5,709 5,709 2,701 Reconclllatlon of funds Total funds brought forward at 1 July 2024 40,869 40,869 38.168 Totsl fvnd$ carried forward at 30 June 2025 46,578 46,578 40,869 The statement of financial acts"vilies includes all gains and losses Tecognised in the year. Al income and expenditure derive from continuing a¢livities. Pag• 6
Thornhill Ministries Ltd Company limited by guarant00 Balanc8 Sheot as at 30 Jun• 202S unrè#trict Restricted Funds Fund8 Tot•ls 2026 Tota 2024 Fixed Assets Tangible Assets Curront Assets Cash at bank and in hand Total current assets 55,648 55.648 55,648 41,809 41,809 Credltors: amounts falling duo wfthln one year 19,0701 19,0701 1940} Net current assets 46,578 46,578 40.869 Total a88ets less current Ilabllltles 46.578 46.578 40.869 Creditors: amounts falllng due after one year Not a$$ots 46,578 46,578 40,869 Tho Funds ol the Charl Funds 46.578 46,578 40,869 For the year ended 30 June 2025 the eompany was enlilled to exernptn from audit under Section 477 of the Companies Act 2006 relating 10 small companies. Directors responsibilrties.. The Members have not required the company to obtain an audit ol ils financial ststements for the year in question in accordance with Section 476,. The directors acknowledge their responsibilities for complying with the requirements of the Act with respeci to accounting records an<J the pparatiOn of financial stalefflents. These financial statements have been preparéd 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 Irend,. Page 7
Thomhill Mini$trie$ Ltd Company limitgd by guaranto0 These financial statements were approved by the Board of DirectOfS and aulhorised for issue on 1S September 2025, and are sHJned on behalf of the Board by., Slst•r Perpetua McNulty Dirnctor Company Reglstratlon Number . N1041911 Pagg 8
Thomhill Ministri¢$ Ltd Company limited by guarantoe Notes to the financial statements Year ended 30 June 2025 General Inforniatlon The Charity is a private company limited by guarantee, registered in Northern Iland. The address of the registered off9 Is 164 Bishop Street, Derry BT48 6UJ. Accountlng pollcles Basis of preparation The financial slalements have been prepared in accordance with kcounling and Reporting by Charities. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffed've 1 January 20191 (Charities SORP IFRS 10211, the Financial Reporting Stsnd8rd applicable in the UK and Republic of Ireland IFRS 10218nd the Companies Act 2006. Thomhill Ministries Ltd meets the definits'on of a public benefrt entity under FRS 102. Assets and liabilities are inits'ally recognised at historical cost or transaction value unless otherwise slated in the relevant ac¢ounbng policy notelsl. Turnovgr Tumover represents the lotsl value of grants received and receivable as well as other income arising from other operating and fvndraising activities dunng the year. Grants are recognised in the Profil and Loss account when the condrtions for their receipt have been complied with and there is reasonable assuran that the grant will be received. Tangibl• a$$•ts Tangible assets are inibally recorded at cost, and a subsequenlly staled al c951 less any accumulated depreciation and irnpaimient losses. Depr¢clatlon Deprecolion is caleulaled so as to wnte off the cost or v81u8tion of an 8sset, less its residual value, over the useful economic life of that asset as follows.. Plant and machinery 25% straight line 11 there is an indution that there has b8en a sKJnificanl change in depreciation rate. useful life or residual value of tangible assets, the depreci8ts.on is revised prospectively lo reflect the new estimates. Pago 9
Thornhill Ministries Ltd Company Ilmit•d by guarantee Notgs to thg financial statements Icontinued) Year ended 30 June 2025 Flnancial if7Struments A financial asset or a financial liability is recognised only when the company beMe$ a party to the contmclual provisions of the instrument. Basic fi'nancial Instruments are initially recognised at the transaction pnce. unless the arrangement conslilules a financing Iransaclion. where il is recognised al the present value of the future payments discounted al a market rate of interest for a similar debt inslrumenl. 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 investment is subsequenly measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impaimienl. Other financial instruments. including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or finand al a rale ol interest that is not a market rate, in which case the asset is measured al the present value of the future payments discounted al a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured al fair value, wth any changes recognised in profil or loss, with the exception of hedging instruments in a designated hedging relatK)nship. Financial assets that are measured at cost or amortised cost a reviewed lor objective evidence of impairment at the end of each reporting dale. If there is objective evidence of impairment, an impairment loss Is recognised in profit or loss immediately For all equity instruments regardless of significan, and other financial assets that are individually significant, these a assessed individually for impaiment. Other financial assets or either assessed individually or grouped on the bas15 of similar credit risk characteristics Any reversals of impairment are recognised in profil or loss immediately, to the extent that the reversal dc*s not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impaimienl not previously been recognised. Llmltod by guarantofr Thornhill Minislnes Ltd Is a registered charity limitsd by guarantee wilhoul a Share capital. Funds unreStrted Revenue Funds - comprise those revenue funds which the management committee are free lo use in accordance with the company objectives. Reslrictsd Revenue Funds - comprise those revenue funds which have been given for particular purposes and projects Page 10
Thornhill Ministries Ltd Company limited by guarant•0 Notes to the financial $tatgmgnts Icontinugdl Year end 30 June 2025 S. Income Unrestricted Restricted Funds Funds Totals 2025 Totals 2024 Donatlons and 18 acios Donations 2,520 2,520 703 2,520 In ome from tradin Fundraising Retreats and courses tlv 4,457 3,229 7,686 4,457 3,229 7,686 1,801 7,716 9,517 Investment and other incom8 Interest reiVed Totsl 10,2C6 10,206 10,220 Page 11
Thomhill Ministries Ltd Company limited by guarant•• Notes to the flnancial statements Icontinugdl Year ended 30 June 2025 Exwndlture Unrestrlcted Re$tri¢tgd Fund8 Funds Totsls 2025 Totals 2024 Expenditure on charitable actlvlti Insuranc8 Equipment & ststionery Telephone Accountancy fees Bank interest & ehar9es Sub5CriPtions General expenses 490 451 211 1,016 243 125 169 2,705 490 451 211 1,016 243 125 169 474 829 988 315 125 13 2,940 Expgndlture on cost of ral8lng fund8 Ministry resources Facililors Venue hire Fundiaising costs 2,133 546 400 546 400 676 1,126 1,792 1,792 4,579 Totsl 4,497 4.497 7.519 T•nglble assets Plant and machinery Total Cost At 1 July 2024 3.204 3,204 Deprnciatlon At 1 July 2024 and 30 June 2025 3,2D4 3,204 Carrylng amount At 30 June 2025 At 30 June 2024 Page 12
Thornhill Mini$trios Ltd Company limited by guarantoe Notes to the financial statements Icontinuedl Year ended 30 June 2025 Analysls of charltable funds Analys1$ ol movements In unrestrlcted funds Balance at IncomingResources 1 July 2024 Resources Expended Tran8f•r8 Funds at 30 June 2025 General Fund 40.869 10,2C6 14,4971 46,578 40.869 10,2C6 14,4971 46,578 Name of unre8trlcted fund De8¢rfptlon of the Fund General Funds Funds which thè Charity is able to apply freety in pursuit of its own charitsble objectives and related purposes. Analysls of movomonts In reslricted funds Balance at IncomingRosources 1 July 2024 Re8ourco5 Exponded Transfvrs Funds at 30 June 2025 Reslricled Fund Nom9 of restricted fund Restricted Fund Description of tht Fund Fund5 which the Charity applies for particular purposes and projects in pursuit of its charitable objectwes. An*ly•ls of net assets botween funds General Rtstricted Fund Fund Total Fixed Assets Debtors Cash at bank and in hand Creditors 55,648 19,0701 55,648 19,0701 Total 46,578 46,578 Page 13