CHARITY REGISTRATION NUMBER: NIC105437 Inishmacsaint Church of Ireland Unaudited Financial Statements 31 December 2025 A THOMPSON ACCO Chartered accountants 24 Main Street Kesh Co Femianagh BT93 1TF CY
Inishmacsaint Church of Ireland Financial Statements Year ended 31 December 2025 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 2025 The Iruslees present Iheir rewrt and the unaudited financbal statements of the Charity for the year ended 31 Decembef 2025. Reference and adrninlstrallve detall$ Registored charity name Inishmacsaint Chur¢h of Ireland Charity roglstratlon number NIC105437 Princlpal offlco 37 Glenlevan Road Sandhill Derrygonnelly Co Ferniana9h BT93 6ER Tho trusttes 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 Miss E Mcclelland Mr l Rutherford Mr D Bailey Mr D Carson Mr K Kettyles Ms K Hudspth (Resigned 10 April 2025) {Appointed 10 April 20251 Ind6p•nd•nt •x•mlner Gary Thompson Strnctiires governance and management Govorning Do¢um•nt and Constitution of th• Chartty Chapler111 of the Constitution ol the Church of Ireland govems Parishes and Parochial Organisation. The SeSecl Vestry members are the Charity Trustees. Recrullmont and Appolntrnent of Select Vestry All mem¢ of the Church of Ireland who are over the age 0118 and are either resident within the parish or live elsewhere but have been accustomed members of the congregation lor the last three months. may register as members of the general vesty of the parish. allowing them to attend and vole al meets'ngs of the general vestry and lo stand for election to the setect vesty. Meeting3 of the general v851ry are held at Seasl once a year. The Select Vestry is elected as part of this General Vestry meeting. The Select Vestry wll hokj their FKJSitions for a period of one year. Select Vestry members may be re-elected annually and there is no limit on the number of temis which may be seNed.
Inishmacsaint Church of Ireland Trustees, Annual Report (¢ontinuedJ Year ended 31 December 2025 Structure, govemance and management (COftllnu•d) Organlsatlonal Structure The select vestry is reSponsie for the day to day management of the parish. The select vesty con51sts of the member of the clergy serving In the parish, the churchwardens. the glebewardens and generally not more than e1Ve other members of the general vestry elected al the General Vestry. The select vestry is chaired by the incumbent or other member of Ihè clergy OfflatIng in the parish. Seleel vestry members are responsible for making decisions on matters of general concern and importance lo the pansh including decKling on how parish funds are to be applied. The select vestry meets al limes fixed by the members or by the diocesan synod. SF)ecial meetings may be convened al any lime by the chairperson or churchwardens. ObleGtives and actlvltl88 The ¢hantable purpose of the Church of Ireland is the athncement of relwion. The Pfincipal functi)n of Inishmacsaint Parish is to support the advancement of the Chnstian religion by promoting, through the work ol Inishmacsaint Parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. Being open to and engaging with society as a whole and offering support ft)r those needing h81p are fundamental lo the prxtul delNery of the ten8fits of Chnsts'anty. As a result of aclNity in the pursuit of Ihe advancement of the Christian religion, Inishmacsaint Parish has ¢u$tody of property and of records, materk?ls and artefacts of sKJnificance lo the cultural and religious heritage and mainlenan¢e of which is undertaken by the select vestry of Inishmacsainl Parish. Achl•vam•nts and p•rfomianc• Inishmacsaint continues to SUPFQrt the work of other charib'es and missnary work by either making donation5 or holding special collections during the year. The Parish has given Careful ¢onsiderabon lo the Charity Commission of Northem Ireland's guidance on public benefit lo ensure that all activities undertaken during the year have helped lo achieve th8 Parish's aims and objectives, as well as providing public benefit. Flnanclal rovlow The parish recorded a surplus of £17,849 during the year ended 31 December 2025. The trustees on reserves is lo ensure that sUfficnI reserves are Tetained to meet all future expenditure requirements as well as potential future capital projects. The trustees, annual report was approved on 9 Apn'l 2026 and signed on behalf of the board of trustees by.. J Wray Trustee
Inishmacsaint Church of Ireland Independent Examinerfs Report to the Trustees of Inishmacsaint Church of Ireland Year ended 31 December 2025 I report on th8 financial statements for the ygar endéd 31 December2025. which comprise the slalemenl of financial aclmknes. ststement of financ position. slatement of cash flows and the related notes. Respective ro$pon¥ibilities ol trusteos and examiner As the charity's trustees you are responsible for the preparation of the accounts in a¢¢ordan¢e with the CharItS Act (Northern IreL3nd} 2008. It is my resFonsibility to.. examine the a¢counl$ under section 65 of the Charities Act; lo follow the pIcdureS laid down in the general Directions given by th8 Chanty Commission for Northern Ireland under sectvjn 65191{bl of the Charitses Act, and to state whether particular matters have come to my attent. Ba818 of Independent examinèrfs roport I have •xamined your chanty a¢¢ounts as required under section 65 of the Charities Act and my examination was carried out in accordance wth thè general Directions given by the Charity Commission for Northem Ireland under section 6519llb} of the Charibes Act. The examination included a review of the accounting records kept by the charity and a ¢ompanson of the accounts presented with those Tecords. It also included conSideratn of any unusual items or disclosures in the accounts, and seeking explanations from the Iruslees con¢eming any such matters. My role is to stste whether any material matters have come lo my attention gNing me cause to believe.. That aountIng records were not kopl in accordance with $•cln 63 of the Charitses Act That the accounts do not a¢¢tyd vthh those xcountr'ng records That the accounts do not compty with the accounting requiffjments of the Chariti'es Act That there is fiJrther Infomiation needed for a proper understanding of the aGGounts to b& reached.
Inishmacsaint Church of Ireland Independent Examinerfs Report to the Trustees of Inishmacsaint Church of Ireland i¢onllnuJ Year endod 31 December 2025 Ind•p•nd&nt gxaminerfs statement I have completed my examinatk)n and have no concerns in respect of the matters 11} to {41 listed above and, in conneebon with following the Directions of the Charity Commission for Northem Ireland, I have found no atters that require drawin9 to your attention. pson endent Examiner Ind GA Thompson Accountancy Bannagh 8eg Kesh Co Feimanagh BT93 88Y 9 April 2028
Inishmacsaint Church of Ireland Statement of Flnancial Activities Year ended 31 December 2025 2025 Restrieted funds Total funds Totsl fijnds 2024 Unr8slricled funds Not• Incomfj and endowments Donations and legacies Investment income Other income 57,181 975 19,226 77,382 2.843 92 60,024 1,066 19,226 54,973 972 8,590 64,535 Total Incomo 2,935 80,316 Expgndlture Expenditure on charitable a¢ts"vits'es Total expenditure 62.467 62,467 59,063 62.467 62,467 59.063 Net Sncome and not movement In fund8 14.915 2.935 17,849 S,472 Rèconcillatlon of funds Total funds brought fotward Total fund$ ¢arrlfrd forward 361,120 5,222 8,157 366,342 384,192 360,871 366,343 376,035 The statement of financial aclivilies includes all gains and losses Tognised in the year. All income and expenditure derive from conbnuing activities. The notss on page6 8 to Is fomi part ofth880 financ5al statements.
Inishmacsaint Church of Ireland ststement of Financial Position 31 December 2025 2025 2024 Not• Flxed assets Tangible fixed assets Investments 11 12 281,897 16,510 282,124 16,510 298,634 298,407 Current assets Debtors Cash at bank and in hand 13 6,985 79,099 8,135 62,001 86,084 68,136 Creditorn-. amounts falllng dufr withln one year Not current assets 14 300 427 85,784 384.191 67,709 366.343 Total assets loss curr•nt Ilabllltl Fund8 of the charlty Restricted funds Unrestricted funds 8.157 376,035 5,223 361,120 Total charity fund¥ 15 384,192 366,343 These financial statements were approved by the board of tru$ie88 and authorised for issuè on 9 April 2026, and are signed on behalf of the board by.. rs J Wray Trustee Mr R Ferguso Tw$tee Th• not•s on pag•$ 8 to 15 form part of th•$• financial statemonts.
Inishmacsaint Church of Ireland Statemont of Cash Flows Year onded 31 December 2025 2025 2024 Cash flows from opernting activltles Nel income 17,849 5,472 Adjustments for. Depreciation of tangible fixed assets Other interest receivable and similar income 227 {1,0661 252 19721 Changes in.. Trade and other debtors Trade and other credito 18501 448 Cash generated from operalM)ns 16.162 5.199 Interest recetved 972 Nel cash from operatsng actNilies 17.228 8.171 Cash flows from financing activitles Proceeds ffom borrowings Nel cash used in financing a¢tivitie$ {129) 1129) 11.599) {1,599) Not Increase In cash and cash equlvalents Cash and cash equlvalents at btglnnlng olyMr Cash •nd c•sh •quiv•l•nts at •nd of y•ar 17,099 62,001 79,100 4,572 57,429 62,001 The notss on page8 8 to 15 forni ol thos• finan¢¥*l $t•t•m•nts.
Inishmacsaint Church of Ireland Notes to the Financial Ststements Year ended 31 December 2025 General inforrnation The chanty is a public benefit ents.ty 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 beerb prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable In the UK and the Republic of Ireland., the Statement of Recommended Practice applicable lo charib.es preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 Icharilies SORP IFRS 1021) and the Charib'es Act {Northem Ireland) 2¢J)8. Accountlng pollcle8 Ba$1$ of prnparatlon The financial $latemenl$ have been prepared on the historical o)sl basis. as mcmjified by the revaluatn ol certain financial assets and liabilities and investment propeth'es measured al fair value through income or expenditure. The financial statements are popared in steding, which is the functional currency of the entity. Golng concern There are no material Uncertaint about the chariiys ability to conb'nue. Judgements and kay Sourc of estlmallon unc•rtalnty The Trustees do nol consider that there are any ¢ritical judgements or eslimales made in applying the Parish's accounting licIeS or that there are any critul accounlirsg estsmate5 or assumptions which may have a signifan1 n5k 0$ ¢ausing a material adjustment to the Carrying amoun15 of assets and liabilities thIn the next financial year. Fund a¢¢ountlng Unrestricted funds are available ft)r usè at the discretion of the trustees to fvrther any of Ihe charity's purposes. Designated funds are unrestrlcled funds eamarked by the trustees for partular fvture projeGt or commitment. Restricted funds are subjected lo restricth)ns on their expenditu decla by the donor or through the lemis of an appeal, and fall into one of $ub4lasses.' re81ricted income funds or endowment funds.
Inishmacsaint Church of Ireland Notes to the Financial Statements (coftJJtru¢dJ Year ended 31 December 2025 Accountlng pollcles (¢onlln4KdJ Incomlng resources All incoming resources are included in the statement of financial activities when entillemenl has passed to the charity,. il is probable that the economic benefits asSocted with the transaction will flow lo the charity and the amount can be reliably measured. The following specrfic policies are applied lo particular categories of income". in¢ome from donations or grants is recognised when there is evidence of entilkmenl to the grft. receipt is probable 8rKI its amount can be measured re1kab. legacy income is recognised en receipt is probabb and entillemenl is established. income from donated goods is measured at the fair value of the goods unless this 1$ impractical to measure reliably. in which case the value is derived from the ¢ost to the donor or the eslimaled resale value. Donated fxilities and services are re¢ognised in the accounts when received if the value can be reliabty measured. No amounts a included for the ¢onlribution of general volunteers. income from contracts for the suppty of services is recognised with the delivery of the contracted service. This is classified as unreslricled funds unless there is a contractual requirement lor it to be spent on a partKular purpose and returned if un$pent, in whieh ca$e it may be regarded as restricted. ResouTC•S •xpend Expendtture is recogni$ed on an accruals basis as a liability 1$ in¢urre(l. Expenditure Includes any VAT whi¢h cannot be fully recovered. and is classified un¢J&r he8dings of the slalemenl of financial a¢livibes lo which il relates.. expendrture on raising funds includes the costs of all fundraising activitses, events. non- charitable trading aCtsV.es. and the sale of donated goc4Js. expenditu on charilab activities includes all ¢o$ts incurred by a charity in undertaking activities that further its charitable aims lor the benefit of its benefieiaries, including those support costs and costs relats'ng to the govemance of the chanty apported to charitable 8clivilies. other expenditure inclvdes all expenditijre that is nerther related to raising funds for the charty nor part of its expenditure on charitsble activities. All costs are all¢xated to expendrture Categories rellects'ng the use of the resource. DI¢t ¢o$ts attributable lo a single activity are allocated directly lo thal activity. Shared costs a apportioned betsveen the a¢bvitses they contn.bute lo on a reasonable. IUStsfiab and ¢onsi$tenl basis.
Inishmacsaint Church of Ireland Notes to the Financial Statements {cU Year ended 31 December 2025 Accountlng pollcles (conllnued) Tangib10 assets The Church Building and Graveyard are deemed to Hentage assets as defined by the Charities SORP IFRS1021. These Heritage assels are not included on the Stslement of Financial Position as infomialion on the cost or valuation is not available and such informab'on cannot be obtained at a cost commen¥urate wrth the benefft to the users of the accounts and to the Parish. The Glebe Hous8 Is reco9nised at marf(et value due lo the drffieutknes In establishing actual cost. The market value has been delemined by the Iruslees. No deprecration has been attributed to the Rectory as Ihe remaining useful lrfe currenlty exceeds 50 years. Depreclatlon Depreciation is calculated so as lo wrrte off the cost or valuation of an asset. less Its sIdual value. over the useful econom lrfe of that asset as follows.. Equipm6nl 10% redu¢ing balan¢e Investments Unlisted equity investments are inilialty recorded at cosL and subsequenuy measured al fair value. If falr value cannot be rellabty measured. assets are measured al cost les5 impairment, Listed investments are measured at fair value Ghange$ in fair value being recognised in income or expendrture. Impalrmgnt of flxgd 99ts A review for indicators of impairment Is ¢affd out al each reporting dale. with the recoverable amount being eslimaled Nthere such indicators exist. Where the carying value exceeds the recoverable amount, the a$sel 13 impaired accordingly. Prior impairments are also reviewed for possible reversal at each porting dale. For the purposes of impaimnt testing. when it 15 not possible to Qstirnate the recoverable amount of an individual asset, an esb'male 1$ made of the recoverable amount of the Gash- generating unrt lo which the asset belongs The Cashenerathng unrt is the smallest ents''3b1e group of assets that includes the asset and generates cash inflows that largely independent of the Cash inllows from other assets or groups of assets. For impairrnenl testing of goodwill, the good.11 acquired in a business combination is, from the acquisrtion date, allocated lo each of the cash-generaling units that are expeeled to benefit from the synergies of the combination. irrespectwe of whether other assets or liabilities of the charity are assigned lo those units. 10
Inishmacsaint Church of Ireland Notès to the Financial Statements fconWnu0dJ Year endèd 31 Decombor 2025 Donatlons and legacles Unreslricled Funds Restricted Total Funds Funds 2025 Donations Freewill envelopes Tax refund gift aid Church colie¢bons Harvest Gift Day Other donations Clothes Collection Panto SK Fun Run Music for an April evening Carol Singing Legacies 34.544 8,394 877 6,915 5,503 152 8.394 877 6,915 2.660 152 2,843 1.220 1,575 200 1.220 1.575 200 Grant5 RSPB Grant 644 57.181 2,843 80.024 unStrICted Funds Reslricled Totsl Funds Funds 2024 Donatlons Freewill envelopes Tax refund gift aid Church Collections Harvest Gift Day Other donations Clothes Colleelion Panto SK Fun Run Music for an April evening Carol Singing Lega¢ie$ 32.927 7,476 661 6,420 2.705 264 380 1.314 32,927 7.476 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 Y,973 Investrnont Income Unrestricted Funds Restricted Total Funds Funds 2025 Bank interesl Interest from R.C.B Inveslmer 147 828 92 238 828 975 92 1.066 11
Inishmacsaint Church of Ireland Notss to the Financial Statements (contIntd) Year ended 31 December 2025 Investment Income (conlthued) Unrestricted Fund5 Restricted Total Funds Funds 2024 Bank interest Interest from R.C.B Investments 119 803 50 169 803 922 972 Oth¢r In¢ome Unreslri¢led Total Funds Unrestricted Total Funds Funds 2025 Fund5 2024 Aviva Insurancé Claim Fees for Headstone Fees for Funerals Rectory Rent Field rent Wayleaves Other sundry income 8.650 150 8.650 150 960 7,930 250 31 1,255 50 650 7,160 250 30 450 50 650 7,160 250 30 450 7.930 250 31 1,255 19.226 19.226 8.59) 8,590 Expendlture on charftable actlvftles by fund type Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Inishmacsainl Parish Church 62,467 62,467 59.C£3 59,063 Expondlture on Gharitsble actlvltlM by actlvlty type Activiknes undertaken Total fund8 directly 2025 Tolal fund 2024 Ini$hma¢saint Pansh Church 62.467 62,467 59,063 Net Income Net income is slated after dprgingl{credibng)'. 2026 2024 DepreatIon of tangible fixed assets 227 252 12
Inishmacsaint Church of Ireland Notes to the Financial Statements {conUnu8dJ Year ended 31 Dacember 2025 10. Independent examination foes 202S 2024 Fees payable to the independent examiner for. Independent eXaMinatn of the financial ststements 690 660 11. Tanglble Ilxed assets Freehold property Equipment Total Cost At 1 January 2025 and 31 D•c•mb•r 2025 Depreciation Al 1 January 2025 Charge for the year At 31 Dgcgmbor 2025 279,868 4,719 284,587 2,463 227 2.463 227 2,690 2,690 Carylng arnount At 31 December 2025 279,868 2.029 281,897 282,124 Al 31 December 2024 279.868 2.256 12. InV*M•nts Other Investments Cost or valuatSon Al 1 January 2025 Addilsons 18,510 At 31 DeMber 2025 16,510 Impalmient At 1 January 2025 and 31 December 2025 Carrylng amount At 31 December 2025 16,510 At 310ecember 2024 18,510 All investments shown above are held al valuation. 13. Debtors 2025 2024 HMRC- Gift Aid 6,985 6,135 13
Inishmacsaint Church of Ireland Notss to the Financial Statements (conllnu Year ended 31 December 2025 14. Creditors: amounts falling dufr wlthln one year 2025 2024 Bank loans and overdralts Trade creditors 129 298 300 300 427 15. Analysls of charttable funds Unre8trlctod fund8 At 1 January 202 At 310•cernber 2025 Income Expenditure General fvnds 361,120 77.382 162.467) 376,035 Al 1 January 202 At 31 December 2024 Income Expend*tur& General funds 357.024 63.159 159,0631 361,120 Ro8trlGted funds At 1 January 202 Al 31 D•¢•mbgr 2025 Income Expendllu Building Fund Organ Fund 3.339 1.883 2.766 169 6.105 2.052 5,222 2.935 8.157 At 1 January 202 Al 31 December 2024 Income Expendituro Building Fund Organ Fund 1,978 1,869 1,362 14 3,340 1,883 5,223 3,847 1,376 14
Inishmacsaint Church of Ireland Notss to the Financial Statements (conUnu8d) Year ended 31 December 2025 16. Analysls of net assets between ndS Unrestricted Funds Re5tricled Total Funds Funds 2025 Tangible fixed assets Investments Current a5setS Creditors less than 1 year Net assets 281.897 16,510 77.927 1300) 376,034 281.897 16.510 86,084 13001 384,191 8,157 8,157 Unrestricted Funds Restricted Totsl Funds Funds 2024 Tangible fixed assets Investments Current assets Creditors less than 1 year Net assets 282,124 16,510 62.913 (427) 361.120 282,124 16,510 68,136 14271 366,343 5.223 5,223 17. Anaty$18 of Changes In not debt At At 1 Jan 2025 Cash ftows 31 Dec 2026 Cash al bank and in hand Debt due wlhin one year 62,001 11291 61,872 17,098 129 79,099 17,227 79,099 18. Related partles There were no transactions th trustees during the year that require disclosure. 15