Frlends of the Indlan Mlsslonary Soclety ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 1st January 2025 Charlty No: NIC108671
Frlend8 of the Indlan Mlsslonary Soclety Charlty Information Chalrporson Paullne McKenna Honorary Treasur•r Mark McGinley Tru•to•• Mlss Ann8 Maria O'raw8 Mrs Ellzabeth Marla Turner Mr Matthew Monaghan Mrs Paullne O'brlen Mr Mark Brlan Mcglnley Charlty numb•r NIC108671 Prlnclpal and R•glstsrnd Offlca 143 Queensway L8mbeg Llsbum BT27 4QS Accountanl TAX-WISE- ACCOUNTANTS (NI) LTD Offlce-06, Waavers Court Buslness Park Llnfleld Raod Belfast BT12 5GH Banker AIB (NI) 11- 15 Donagall Square North Belfast BT15GB
Frlends of the Indlan Mlsslonary Soclety Charlty Orynslatlon FINANCIAL STATEMENTS FOR THE YEAR ENDED 1st January 2025 CONTENTS Pago 1.Trustees' r8POrt 1to3 2, Independent Examine¢8 Report 4toS 3. Statement of Flnanclal Actlvltles 4. Balance sh88t 6. Notes to the flnancial ststements 8t010
Frlends of th8 Indlan Mlsslonary Soclaty Trustees. R8POrt for the year endod 01 January 2025 The Trustees of the Trust submft thelr annual r8POrt and the unaudited financlal statements for the period ended 1 January 2024. The Tru8te8s conflm that the Annual report and financlal statements of the charlty comply with the current stalutory requir6m8nts, the r8qulrements of the charlty's governing document and the provlslon8 of the Statement of Recomm8nded Practice (SORP), appllcable to charltles preparlng their acwunts In accordance wlth the Flnanclal Reportlng Standard appllcable In the UK and Republlc of Ireland (FRS 102) Governlng In8trum6nL' The Friends of the Indian Mlsslonary Soclety has bean oparatlng slnce 24 October 2022 as a charlty oporallng wlthln racogn16ed charflable objeclfves. Thls charlty Is governed and fflanaged by Commltt88 of Trustees in accordance wlth the charity regulatlons. Objectlves and actlvltl681 publlc boneflt ts81 The Frf8nd3 of the Indlan Mlsslonary Soclety exlsts to r8118V8 those In need through dlsadvantag8 who r8sld8 in India. Thls Is achieved by provldlng flnanclal support, givlng people access to educatlon, promoting health, hyglenlc water and sanltallon and advancing the Roman Cathollc rellglon. The ben8flclarles are disadvantagad areas In Indla In whleh th8 charlty operates. The dlrect b8neflts which flow from the Frlends of the Indlan M1881onary Society indudes Improvlng the phy81cal, mental and splrltual capabllltles of peopl8 In Indla through tlnanclal support, educallon servlcas and Improvlng thelr dally Ilve The Charlty Is organlsed wlth a commlttee (Boar(J of Trustee8) 818cted by the members to oversee the overall actlvltles and one of the commlttee members Is nomlnated as chairperson, to monltor the day-tO•day runnlng of the charlty TrugtO08 and prlnclpal offlcev•: The followlng offlcers of the company have held office for the who16 of th8 year. Ch•lrp•r8on PaUl1r McKenna Honorary Tr•asurer Mark McGlnloy Actlvltl•8 and Achlevements: The charlty Is in its first year of operation and buildlng up funds to be able to send to organlsatlons In India to enable them to help disadvantaged people. During the period endad 1 January 2025 the charlty had total Income of £42,073. Revlow of Transactlons and Flnanclal Po8ltlon: The lolal Income for the year amounted to £42,073. The accumulated funds amounted to £43,228 as of 1 January 2025. Page-1
Frlend8 of tho Indlan MIs8lonary Soclaty Trustees. Report for tho year ended 1 January 2025 Reserve8 Pollcy: The charlty's policyls to retaln algvel of reserves whlch matches the needs of tha charitable charlty both at the current tlrne and In the foreseeable future. This also allows Ihe charlty to plan for futur8 developments. Th181s estlmated at a reserv8 level of £10,000 and g8n8ral reserv8s are currently above thls level. The reserves pollcy is reviewed annually. Free reserves are thos6 unrestricted reserve8 not designated for, nor Invested in fixed assets and which are avallable for general us8 and can be deslgnated for future developments. Rlsk Management: The Trust886' recognlse the major rfsks that th8 company faces each finandal year when preparing and updating th8 Strategk plan and as such has developed systems to monltor and control these r18k8 to mltigate any Impact that they may have on the organlsation in the futur8. Statsmont of TrustM8' Re8pon8lbllltlos The trustea8 are r8sponsible for preparlng the Trustee8' Annual Report and th8 flnanclal statements in accordance With applicable law and Unlted Kingdom Accountlng Standards (Unlted Klngdom Generally Acc8pt8d Accountlng Practlce). The law applicablo to charities in Northem Ireland requires the trust888 to prepare financlal statements for each flnanclal year whlch glve a true and falr vl8w of the stata of affalrs of the charlty and of the Incoming rasourees and appllcation of resourcas of the charlty for that perlod. In preparlng these flnanclal statements, the trustees are requlr8d to: 1. Select sultable 8ccountlng pollcles and then apply them cons16tency 2. Observe the m8thods and prlnclples in the Charlties SORP 3. Make judgemenls and estimates that are reasonable and prudent 4. State whether appllcabl8 accounting standards, comprlslng FRS 102, have been followed, subject to any materlal departures d18closed and explalned In the flnanclal statements; and 5. Prepare the flnanclal statemants on the golng concerning basls unless It Is Inapproprlate to presume that the charity will continue in buslness The trustees are responslble for keoplng proper accountlng records that dlsclose wlth reasonable accuracy at any tlme the flnancial posltion of the charfty and enable them to ensure Ihat th8 financial statements comply with the Charlt18s Acl (Northem Ireland) 2008 and The Charith8S (Accounts and Reports) Regulalions (Northem Ireland) 2015. They are also responsible for safeguardlng the assels of the charfty and hence for taklng reasonable steps for the prevention and detertion of fraud and other Irregularltles. Page-2
Frlend8 of the Indlan Ml88lonary Soclety Trustse8' Report for the year ond•d 1 January 2025 The trust88s are responsible for the malntenance and integrity of the charity and flnandal Information. Leglslation In the Unlted Klngdom governlng the preparatlon and dissemination of financlal slatement8 may dlffer from legislation In other Jurisdictions. Th15 report was approved by the trustees on 18 February 2026. Slgned on behalf of trustees Paullna McK8nna (Chalrper80n) Page-3
REPORT OF THE INDEPENDENT EXMINER TO THE CHARITY TRUSTEES OF THE FRIENDS OF THE INDIAN MISSIONARY SOCIETY For tho year ended 1 January 2025 I report on the accounts of the Trust for th8 perlod ended 1 January 2025, whlch are set out on pages 6 to 10. Rospoctlva responslbllllle• of charlty trustoos and •xamln•r As the charlty's trust888 you are responsible for the preparation of the accounts In accordance wlth the Charltl8s Act (Northern Ireland) 2008. It is my r8sponslblllty to: 1. Examine the accounts under sectlon 65 of the Charltles Act. 2. Follow the procedures laid down In the general dlreclion8 given by th8 Comml8slon under Section 65(9) of the Charites Ad 3. Stste whether partlcular mattars have come to ry attentlon. Basls of Independont examIne3 r•port I hav8 8xamlned your charfty accounts as required und8r sectlon 65 of the Charftles Act and my examlnatlon w88 carrled out In accordance wlth the general Dlrectlons glv8n by the Charlty Commlsslon for Northem Ireland under sectlon 65(9)(b) of the Charltles Act. My examination Includ8d 8 revlew of the ac¢ountlng records kept by the charlty and a comparlson of the accounts presented wlth those records. It also Included consideration of the accounts presented wlth those recA)rds. It also Included consideratlon of any unu8ual items or d18closur88 in the accounts, and seeklng explanations from you a8 charlty trustees concemlng any 8uch matters. My rol8 is to state where any material matters have come to my attentlon glvlng me cause to believe: 1, That accountlng records were not k8Pt In accordance wlth section 63 of th8 Charftles Acl. 2. That the accounts do not accord with those accounting records. 3. That the accounts do not comply with the accountlng requirements of the Charftles Act. 4. That there Is further Information n8eded for a property understandlng of the accounts to be reachgd. Page4
REPORT OF THE INDEPENDENT EXMINER TO THE CHARITY TRUSTEES OF THE FRIENDS OF THE INDIAN MISSIONARY SOCIErY For tho yoar ended l January 2025 Independonl •xamlnof s statem•nt I have completed my Independent examlnatlon of the accounts of The Frlends of the Indlan Mlsslonary Society for the year ended 1 January 2025. In carrylng out my @xarnlnatlon, I have revlewed the accountlng records and Infonnatlon made avallable to me. However, due to Ilmltatlons In the Infonnatlon proded, I was unable to fully assess the followlng matters: 1. Whether accountlng records were kept In accordance with sectlon 63 of the Charitles Act,, and 2. Whether all further Infomiatlon necessary for a proper und8rstandlng of the accounts was avallabl8. Subject to the matters noted above, I have no concems In re8P8Ct of the followlrKJ: 2. That the accounts accord with th6 accountlng records made avallable to mg: and 3. That the accounts compty wlth Ihe appllcabl6 accountlng requlrem8nts of the Charltles Act. In accordance wlth the Dlrectlons of the Charlty Comml88lon for Northern Ireland, and based on the Informatlon available to me, no other matters have come to my attention that requlre reportlng to the trustee8. Sarwar Sayeed Independent Examln8r TAX-WISE- ACCOUNTANTS (NI) LTD The HQ, Ofllce-06, Weavers Court Buslness Park Linfield Road Belfast BT12 5GH Page-5
Frfonds oftha Indlan Mlsslonary Soclety STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 1 JANUARY2025 Total 2025 Total 2024 Unr•8trlctod R•strlGtod INCOMe AND EXPENDITURE Note5 INCOMING RESOURCES Chartiable Actlvltl88 Income 33,000 9,073 42.073 3,651 Total Incom• 33,000 9,073 42,073 3,651 RESOURCE8 EXPENDED Charltable Actlvllles Cost Govemanca Cost 2016 480 Total R••our¢u Exp•nd•d 2,016 2,496 NET INCOME IDEFICIT FOR THE YEAR 30,984 8,593 39,577 3,651 Fund Mov•m•nt Fund a• at 2 January 2024 1,930 1,721 3,651 3,651 Fund• u at 1 January 2025 32,914 10.314 43,228 3,651 The notes on pages 8 to 10 fonn part of these accounts. Pag&6
Friends of tha Indian Mlsslonary Socloty BALANCE SHEET AS AT 1 JANUARY 2025 Total 2024 2025 Not88 FIXED ASSETS: Tanglble Assets Curr•nt Assets: Debtor8 Cash at Bank and In hand 45 651 45,103 3,651 Cr•dltors: Amount falllng due wlthln one year Not Curr•nt A••et• Total Not A$8•t8 Fund• Unreslrlcl8d fvnd8 Tolal Unrestrfcted fund8 32,914 1,721 Re8trlct6d Fund8 10,314 Total Funds Approved by the Board of Trustees on 16 February 2026 and 8lgned on118 behalf by Paullne McKenna (Chalrperson) Th8 notes on pages 8 to 10 form part of these accounts. Pa7
Frlends of the Indlan MIs8lonary Soclety Notés to the flnanclal statsment8 for tho yoar ended 1 January 2025 1 Accounllng Pollcl•• 1.1 BaJl• proparatlon of account•. The flnanclal statements have bean prepared undor the hlstorlcal cost conventlon and In accordance wlth Companle8 Act, SORP and Iha Flnanclal Reportlng Standard for Smaller Entttles. 1.2 Grants rnG•lvabl•: Gran18 for Immedl8te oxpendlture are accounted for whon they become recelvablo. Grants recelved for speclfic purp0888 are treated a8 restrlGted funds. Grants re8trlcted to future accounung perlod are deferred and racogn186d In th08e perlodts. 1.3 Allocatlon of ¢08t: C08ts are allocated batwaon reslrlcted and unreBtrfGted fund accordlng to the torn of Incom8. Where ttem8 gxpended ar• mlxad, they are apportloned betwegn Ihe categorf83 accordlng to th6 Income they relate to 2. Incomlng R•gourc•8 The Incoming resources and surplus are attributable to the prlncipal actlvltle8 of the charity. 3 INCOME SUMMARY CHARITABLE ACTNITIES INCOME: Unr88trlcted Restrlcted 2025 2024 General Donatlon Chlld Sponsorshlp Water Pump Donauon Lfvellhood &Agrlculture Alds & Appllances 33.000 33,(K)O 4.593 3,900 80 500 4,593 3,9 161 80 500 510 33,000 9,073 42,073 3,651 33,000 9.073 42,073 3.651 Total Incomo Pag
Frlends of the Indlan Mlsslonary Socloty Notes to the flnanclal Statements for th• yoar ended 1 January 2025 4 GOVERNANCE COST: Unre8lrlcled Re8trlcted 2025 2024 Accountancy Fee Bank Interest and Charge3 1875 141 20 1875 621 96 Tolal Exp•n8•8 20 S RESTRICTED FUND MOVEMENT: Openlng Incomlng Resources Unrestrfcled Balance Resour¢8s Expended Fund U88d 0210112024 Closlng Balance 0110112025 Chlld Spon8or8hlp Water Pump Donatlon Llvelhood &AlcUltUre Akls & Appllance8 161 4,593 3,900 80 500 4.274 4,950 590 510 6 CREDITORS & ACCRUALS 2025 2024 Credltors Accruals 1,875 7 STAFF EMOLUMENT8: The Trust employs rH> Staff and therafore no key manag8m8nt P8r80nnd that na8ds to be d18cIo8ed (2024: Nll). The TNstsgs rocelved M emoluments or relmbur8ement of expenses durlng the year (2024: NII). No Indemnlty In8urance for TTU8te85' Ilablllty has been purchased by the Tru8t (2024: NII) 8 MOVEMENT IN FUNDS: Unrestrkted Re8trlcted Total Fund Total As at 1 January 2024 1,930 1,721 3,651 Currant year 8,593 39,577 Current year transfer As at 1 January 2025 Page•9
Frlonds of the Indlan M18slonary Socloty Notes to the flnanclal 8tatsm6nts for the year ended 1 January 2025 TAXATION The entity18 a rnglstered charlty and does nol undertake non-charltable actlvltl88 and ara 8ntttled for tax exemptlon 10 POST BALANCE SHEET EVENT8 There ware no 81gnlficant post balance sheet events. 11 TftAN8ACRTION MTH TRUSTEES There were no transactSon8 wlth Ihe trustaes during the year. 12 CONTINGENT LIA3ILITE8 The companylcharlty had no contlngent Ilabllttle8 a8 at 1 January 2025. 13 RELATED PARTIES TRAN8ACTION There were no dlsGlosablo related patylran8aGtlons durlng the year. Page•10