CHARITY REGISTRATION NUMBER: NIC105437
Inishmacsaint Church of Ireland
Unaudited Financial Statements
31 December 2024
GA THOMPSON ACCOUNTANCY ,
Chartered accountants
24 Main Street
Kesh
Co Fermanagh
BT93 1TF

Inishmacsaint Church of Ireland
Financial Statements
Year ended 31 December 2024
Page
Trustees, annual report
Independent examinerfs report to the trustees
Statement of financial activities
Statement of financial position
Statement of cash flows
Notes to the financial statements

Inishmacsaint Church of Ireland
Trustees, Annual Report
Year ended 31 December 2024
The trustees present their report and the unaudited financial statements of the charity for the year
ended 31 December 2024.
Reference and administrative details
Registered charity name
Inishmacsaint Church of Ireland
Charity registration number
NIC105437
Principal office
37 Glenlevan Road
Sandhill
Derygonnelly
Co Femianagh
BT93 6ER
The trustees
Mrs L Muldoon
Mrs J Wray
Mr E Rogers
Mr R Ferguson
Mr R Harkness
Mrs M Elliott
Mr M Byers
Mrs J Acheson
Mrs L Ferguson
Mrs E Carson
Revd S Woods
Ms E Mcclelland
Mr l Rutherford
Mr D Bailey
Mr D Carson
Mr K Kettyles
(Appointed 10 April 2024)
(Resigned 21 January 2024)
(Appointed 10 April 2024)
Independent examiner
Gary Thompson
structure, govemance and management
Governlng Document and Constitutlon of the Charity
Chapter111 of the Constitution of the Church of Ireland govems Parishes and Parochial Organisation.
The Select Vestry members are the Charity Trustees.
Recruitment and Appointment of Select Vestry
All members of the Church of Ireland who are over the age of 18 and are either resident within the
parish or live elsewhere but have been accustomed members of the congregation for the last three
months, may register as members of the general vesty of the parish, allowing them to attend and vote
at meetings of the general vestry and to stand for election to the select vestry. Meetings of the general
vestry are held at least once a year. The Select Vestry is elected as part of this General Vestry
meeting. The sel￿t Vestry will hold their positions for a period of one year. Select Vestry members
may be reelected annually and there is no limit on the number of terms which may be served.

Inishmacsaint Church of Ireland
Trustees. Annual Report (conllnuedj
Year ended 31 December 2024
Structurej governance and management fcontinued)
Oryanisational Structure
The select vestry is responsible for the day to day management of the parish. The select vestry
consists of the member of the clergy serving in the parish, the churchwardens, the glebewardens and
generally not more than twelve other members of the general vestry elected at the General Vestry. The
select vestry is chaired by the incumbent or other member of the clergy officiating in the parish. Select
vestry members are responsible for making decisions on matters of general con￿rn and importance
to the parish including deciding on how parish funds are to be applied.
The select vestry meets at times fixed by the members or by the diocesan synod. Special meetings
may be convened at any tirne by the chairperson or churchwardens.
Objectives and activities
The charitable purpose of the Church of Ireland is the advancement of religion.
The principal functs'on of Inishmacsaint Parish is to support the advancement of the Christian religion
by promoting, through the work of Inishmacsaint Pansh the whole mission of the Church, pastoral,
evangelistic, social and ecumenical. Being open to and engaging with s¢xiety as a whole and offering
support for those needing help are fundamental to the practical delivery of the benefits of Christianity.
As a result of activity in the pursuit of the advancement of the Christian religion. Inishmacsaint Parish
has custody of propety and of records, materials and artefacts of significance to the cultural and
religious heritage and maintenance of which is undertaken by the select vestry of Inishmacsaint Parish.
Achievements and perfomiance
Inishmacsaint continues to support the work of other charities and missionary work by either making
donations or holding special collects.ons during the year.
The Parish has given careful consideration to the Charity Commission of Northern Ireland's guidance
on public benefit to ensure that all activities undertaken during the year have helped to achieve the
Parish's aims and objectives, as well as providing public benefit.
Financial review
The parish recorded a surplus of £5,472 during the year ended 31 December 2024.
The trustees policy on resenies is to ensure that sufficient reserves are retained to meet all future
expenditure requirements as well as potential future capital projects.
The trustees. annual report was approved on 15 May 2025 and signed on behalf of the board of
trustees by:
Mrs J Wray
Trustee

Inishmacsaint Church of Ireland
Independent EXamine￿S Report to the Trustees of Inishmacsaint Church of
Ireland
Year ended 31 December 2024
I report on the financial statements for the year ended 31 December 2024, which comprise the
statement of financial activities, statement of financial posits'on. statement of cash flows and the related
notes.
Respective responsibilitles of trustees and examiner
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the
Charities Act (Northem Ireland) 2008. It is my responsibility to:
examine the accounts under section 65 of the Charib'es Act.,
to follow the procedures laid down in the general Directions given by the Charity Commission for
Northern Ireland under section 65(9)(b} of the Charities Act" and
to state whether particular matters have come to my attention.
Basls of Independent examinerfs report
I have examined your charity accounts as required under section 65 of the Charities Act and my
examination was carried out in accordance wth the general Directions given by the Charity
Commission for Northem Ireland under section 65{9)(b) 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 those records. It also included considerats-on of any unusual items or disclosures in the accounts,
and seeking explanations from the trustees conceming any such matters.
My role is to state whether any material matters have come to my attention giving me cause to believe:
That accounting records were not kept in accordance with section 63 of the Charities Act
That the accounts do not accord with those accounting records
That the accounts do not comply with the accounts.ng requirements of the Charities Act
That there is further infomiation needed for a proper understanding of the accounts to be
reached.

Inishmacsaint Church of Ireland
Independent Examinerfs Report to the Trustees of Inishmacsaint Church of
Ireland (continued)
Year ended 31 December 2024
Independent examinerfs statement
I have completed my examination and have no concems in respect of the matters (1) to (4) listed
above and, in connection with following the Directions of the Charity Commission for Northern Ireland, I
have found no
atters that require drawing to your attention.
ompson
Independent Examiner
GA Thompson Accountancy
Bannagh Beg
Kesh
Co Fermanagh
BT93 8BY
15 May 2025

Inishmacsaint Church of Ireland
ststement of Financial Activities
Year ended 31 December 2024
2024
Restricted
funds Total funds
2023
Unrestricted
funds
Total funds
Note
Income and endowments
Donations and legacies
Investment income
Other income
53,647
922
8.590
1.326
50
54,973
972
8,590
60,184
868
10,640
71,692
Total income
63.159
1,376
64,535
Expenditure
Expenditure on charitable actNlties
Total expenditure
59,063
59,063
64,709
59.063
59,063
64,709
Net income and net movement in funds
4,096
1,376
5,472
6,983
Reconciliation of funds
Total funds brought forward
Total funds carried forward
357,024
3,847
360,871
366,343
353,888
360,871
361.120
5.223
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activrties.
The notes on pages 8 to 15 fomi part of these finanGial statements.

Inishmacsaint Church of Ireland
Statement of Financial Position
31 December 2024
2024
2023
Note
Fixed assets
Tangible fixed assets
Investments
282,124
16,510
298,634
282.376
16,510
298.886
12
Current assets
Debtors
Cash at bank and in hand
13
6,135
62,001
6,583
57,429
64,012
68,136
Creditors: amounts falling due wlthin one year
Net current assets
14
427
2,027
61,985
67,709
Totsl assets less current liabilities
366,343
360,871
Funds of the charity
Restricted funds
Unrestricted funds
5,223
361.120
3,847
357,024
Total charity funds
15
366,343
360,871
These financial statements were approved by the board of trustees and authorised for issue on 15 May
2025, and are signed on behalf of the board by:
Mrs J Wray
Trustee
Mr R Ferguson
Trustee
The nots5 on page3 8 to 15 fonn part of these finanGial 5tatefflents.

Inishmacsaint Church of Ireland
Statement of Cash Flows
Year ended 31 December 2024
2024
2023
Cash flows from operating activities
Net income
5,472
6,983
Adjustments for
Depreciation of tangible fixed assets
Other interest receivable and similar income
252
(972)
279
(868)
Changes in..
Trade and other debtors
Trade and other creditors
448
{1)
5,199
(568)
Cash generated from operations
5,827
Interest received
972
868
Net cash from operating activities
6,171
6,695
Cash flows from financing activities
Proceeds from borrowings
Net cash used in financing activits'es
(1,599)
(1,599)
(1,216}
(1,216)
Net increase in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
4,572
57,429
5,479
51,950
57,429
62,001
The notes on pages 8 to 15 fomi part ol these financial statements.

Inishmacsaint Church of Ireland
Notes to the Financial Statements
Year ended 31 December 2024
General infomiatlon
The charity is a public benefit entity and a registered charity in Northern Ireland and is
unincorporated. The address of the principal office is 37 Glenlevan Road, Sandhill. Derrygonnelly,
Co Fermanagh, BT93 6ER.
statement of compliance
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 Practs'ce 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 (Northem Ireland) 2008.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value through income or expenditure.
The financial statements are prepared in sterling, which is the fvncts'onal currency of the entity.
Going concem
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estlmation uncertainty
The Trustees do not consider that there are any critical judgements or estimates made in
applying the Parish's accounting policies or that there are any critical accounting estimates or
assumptions which may have a significant risk os causing a material adjustment to the carrying
amounts of assets and liabilities within the next financial year.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the
charity's purposes.
Designated funds are unrestricted funds earmarked 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 iwo sulFclasses'. restricted income funds or
endowment funds.

Inishmacsaint Church of Ireland
Notes to the Financial Statements (conllnued)
Year ended 31 December 2024
Accounting policies (contlnued)
Incoming resources
All incoming resources are included 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 entttlement to the
gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and ents"tlement 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 received rf the value can be reliably measured. No amounts are included for the
contribution of general volunteers.
income from contracts for the supply of serVI￿S 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 returned 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 charty in undertaking
activities that further its charitable airns for the benefit of its beneficiaries, including those
support costs and costs relating to the governance of the charity apportioned to charitable
acb'vits'es.
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 directly to that activity. Shared costs are apportioned
bel￿een the activits'es they contribute to on a reasonable, Justifiable and consistent basis.

Inishmacsaint Church of Ireland
Notes to the Financial Statsments (continued)
Year ended 31 December 2024
Accounting pollcles (continued)
Tangible assets
The Church Building and Graveyard are deemed to Heritage assets as defined by the Charities
SORP (FRS102). These Heritage assets are not included on the Statement of Financial Position
as information on the cost or valuation is not available and such information cannot be obtained
at a cost commensurate vrfith the benefrt to the users of the accounts and to the Parish.
The Glebe House is recognised at market value due to the difficulties in establishing actual cost.
The market value has been determined by the trustees. No depreciation has been attributed to
the Rectory as the remaining usefvl Sife Cu￿entlY exceeds 50 years.
Depreciation
Depreciation is calculated so as to vKite off the cost or valuation of an asset, less its residual
value, over the useful economic life of that asset as follows..
Equipment
100/0 reducing balance
Investments
Unlisted equty investments are initially recorded at cost. and subsequently measured at fair
value. If fair value cannot be reliably measured, assets are measured at cost less impairment.
Listed investments are measured at fair value with changes in fair value being recognised in
income or expenditure.
Impainnent of fixed assets
A review for indicators of impaiment is carried out at each reporting date, with the recoverable
amount being estimated where such indicators exist. Where the carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairrnents are also reviewed for
possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable
amount of an individual asset, an estimate is made of the recoverable amount of the cash-
generating unit to which the asset belongs. The Gash-generating unit IS the smallest identifiable
group of assets that includes the asset and generates cash inflows that largely independent of the
cash inflows from other assets or groups of assets.
For impaimient testing of goodwill, the goodwill acquired in a business combination is, from the
acquisition date, allocated to each of the cash-generating units that are expected to benefit from
the synergies of the combination, irreSp￿tr.ve of whether other assets or liabilities of the charity
are assigned to those units.
10

Inishmacsaint Church of Ireland
Notes to the Financial Statements (¢¢>ntinued)
Year ended 31 December 2024
Donations and legacies
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Donations
Freewill envelopes
Tax refund gift aid
Church collections
Harvest Gift Day
Other donations
Clothes Collection
Panto
SK Fun Run
Favourite Hymns
Carol Singing
Legacies
32,927
7,476
661
6,420
2,705
264
380
1,314
32,927
7,476
661
6,420
4,031
264
380
1,314
1,326
200
1,000
200
1,000
Grants
RSPB Grant
300
300
53.647
1,326
54,973
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Donations
Freewill envelopes
Tax refund gift aid
Church collections
Harvest Gift Day
Other donations
Clothes Collection
Panto
SK Fun Run
Favourite Hymns
Carol Singing
Legacies
32,311
7,666
810
6,375
3,341
336
6,236
1,320
1,251
200
32,311
7,666
810
6,375
3,679
336
6,236
1,320
1,251
200
339
Grants
RSPB Grant
59,846
339
60,184
Investment income
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Bank interest
Interest from R.C.B Investrnents
119
803
50
169
803
922
50
972
11

Inishmacsaint Church of Ireland
Notes to the Financial Statements (continued)
Year ended 31 December 2024
Investment income (continued)
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Bank interest
Interest from R.C. B Investments
100
757
111
757
857
868
Other income
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Fees for Headstone
Fees for Funerals
Rectory Rent
Field rent
Wayleaves
other sundry income
50
650
7.160
250
30
450
50
650
7.160
250
30
450
2,110
7,700
250
28
552
2,110
7,700
250
28
552
8,590
8.590
10,640
10,640
Expenditure on charitable activities by fund type
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Inishmacsaint Parish Church
59,063
59,063
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Inishmacsaint Parish Church
63.841
869
64,709
Expenditure on charitable activities by activity type
Activities
undertaken Total funds
directly
2024
Total fund
2023
Inishmacsaint Parish Church
59,063
59,063
64,709
Net income
Net income is stated after chargingl(crediting}:
2024
2023
Depreciation of tsngible fixed assets
252
279
12

Inishmacsaint Church of Ireland
Notes to the Financial Statsments (continued)
Year ended 31 December 2024
10. Independent examination fees
2024
2023
Fees payable to the independent examiner for.
Independent examination of the financial statements
660
660
11. Tangible fixed assets
Freehold
property Equipment
Total
Cost
At 1 January 2024 and 31 December 2024
Depreclatlon
At 1 January 2024
Charge for the year
At 31 December 2024
279,868
4,719
284,587
2,211
252
2,211
252
2,463
2,463
Carrying amount
At 31 December 2024
279,868
2,256
282,124
At 31 December 2023
279,868
2,508
282,376
12. Investments
Other
investments
Cost or valuation
At 1 January 2024
Additions
16.510
At 31 December 2024
16,510
Impaimient
At 1 January 2024 and 31 December 2024
Carrying amount
At 31 December 2024
16,510
16,510
At 31 December 2023
All investments shown above are held at valuab'on.
13. Debtors
2024
2023
HMRC - Gift Aid
6,135
6,583
13

Inishmacsaint Church of Ireland
Notes to the Financial Statements (continued)
Year ended 31 December 2024
14. Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
Trade creditors
129
298
1,728
299
427
2,027
15. Analysis of charitable funds
Unrestricted funds
At
1 January 202
At
31 December
2024
Income Expenditure
General funds
357.024
63,159
(59,063)
361,120
At
1 January 202
At
31 December
2023
Income Expenditure
General funds
349,522
71,343
(63,841)
357,024
Restricted funds
At
1 January 202
At
31 December
2024
InGome Expenditure
Building Fund
Organ Fund
1,978
1.869
1,362
14
3,340
1,883
5,223
3.847
1.376
At
1 January 202
At
31 December
2023
Income Expenditure
Building Fund
Organ Fund
2,604
1,762
48
302
(674)
(195}
(869)
1,978
1,869
4,366
350
3,847
14

Inishmacsaint Church of Ireland
Notes to the Financial Ststements (continued)
Year ended 31 December 2024
16. Analysis of net assets between funds
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Tangible fixed assets
Investments
Current assets
Creditors less than 1 year
282,124
16,510
62,913
(427)
361,120
282,124
16,510
68,136
1427)
366,343
5,223
Net assets
5,223
Unrestricted
Funds
Restricted Total Funds
Funds
2023
Tangible fixed assets
Investments
Current assets
Creditors les5 than 1 year
Net assets
282,376
16,510
60.165
{2,027)
357,024
282,376
16,510
64,012
{2,027)
360,871
3,847
3,847
17. Analysis of changes in net debt
At
At 1 Jan 2024 Cash flows 31 Dec 2024
Cash at bank and in hand
Debt due within one year
57,429
(1.728)
55,701
4,572
1,599
6,171
62,001
(129)
61,872
18. Related parties
There were no transactions viith trustees during the year that require disclosure.
15