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COMPANY REGISTRATION NUMBER: NI060906 CHARITY REGISTRATION NUMBER: NIC100412 

THE KORAM CENTRE, COUNSELLING, PSYCHOTHERAPY AND PSYCHO SOCIAL SUPPORT LTD 

Company Limited by Guarantee Unaudited Financial Statements 

31 March 2025 

SPMcCAFFREYChartered accountants& CO 50 Campsie Road Omagh Co Tyrone BT79 OAG 

## THE KORAM CENTRE, COUNSELLING, PSYCHOTHERAPY AND PSYCHO SOCIAL SUPPORT LTD 

## Company Limited by Guarantee 

## Financial Statements 

## Year ended 31 March 2025 

## ees 

||Page|
|---|---|
|Trustees' annual report (incorporating the director's report)|1|
|Independent examiner's report to the trustees|5|
|Statement offinancial activities (including income and||
|expenditure account)|7|
|Statement offinancial position|8|
|Statement ofcash flows|10|
|Notes to the financial statements|11|
|The following pages do notform part ofthe financial statements||
|Detailed statement of financial activities|24|
|Notestothedetailedstatementoffinancialactivities|25|



# THE KORAM CENTRE, COUNSELLING, PSYCHOTHERAPY AND PSYCHO SOCIAL SUPPORT LTD 

## Company Limited by Guarantee 

Trustees’ Annual Report (Incorporating the Director's Report) 

Year ended 31 March 2025 

ene The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2025. 

## Reference and administrative details 

Registered charity name THE KORAM CENTRE, COUNSELLING, PSYCHOTHERAPY AND PSYCHO SOCIAL SUPPORT LTD Charity registration number NIC 100412 

Company registration number NIO60906 Principal office and registered 12 Railway Street office Strabane Co Tyrone BT82 8EF 

## The trustees 

Mrs Laura Hourican Miss Kamini Rao (Resigned 15 January 2025) Mr Gerard Harkin Mr Gerard McFadden Mr Mustapha Benhassine Mr Davy Ralston Ms Patricia Doherty (Appointed 15 January 2025) Solicitor Barry Brady 2 Church Street Strabane Co Tyrone BT82 2BS Bank Bank of Ireland 25 Campsie Road Omagh Co Tyrone BT79 OAE 

Independent examiner Seamus McCaffrey 50 Campsie Road Omagh Co Tyrone BT79 0AG 

! 

# THE KORAM CENTRE, COUNSELLING, PSYCHOTHERAPY AND PSYCHO SOCIAL SUPPORT LTD 

Company Limited by Guarantee 

Trustees' Annual Report (Incorporating the Director's Report) (continued) 

Year ended 31 March 2025 

## Structure, governance and management 

The Koram Centre is a company limited by guarantee (Registration Number NIO60906). The company is governed by its Memorandum and Articles of Association. 

## Objectives and activities 

We have referred to the guidance contained in the Charities Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. 

## Strategic report 

The following sections for achievements and performance and financial review form the strategic report of the charity. 

2 

## THE KORAM CENTRE, COUNSELLING, PSYCHOTHERAPY AND PSYCHO SOCIAL SUPPORT LTD 

## Company Limited by Guarantee 

## Trustees’ Annual Report (Incorporating the Director's Report) (continuea) 

## ncnRNRnT errYear ended 31 March 2025 

## Achievements and performance 

The principal objective of the company was the provision of: safe place, counselling services, placements and opportunities to experience vocational and horticultural activities that enhance the personal, professional development and health and wellbeing of young people, and the mature sections of the population. The company specialises in emotional support and also assisting those impacted directly or indirectly by the conflict. 

This year, the Koram Centre has continued to support individuals experiencing emotional health and well-being issues across the Strabane District Area. This includes individuals presenting with a wide range of issues including low mood/depression, stress/anxiety, relationship and work-related issues as well as trauma. This includes traumatic incidents relating to the conflict. In addition the Koram Centre have continued to offer support to those at increase risk of suicide and self-harm. 

Over the past year, the centre has supported 2066 beneficiaries across a range of indicators: 

698 individuals accessing treatments/interventions. This represents an increase of 29 individuals accessing treatments/interventions over the last 12 months (2023/24:669), an increase of 4%. 5057 counselling/psychotherapy and complementary therapy sessions delivered, engaging with 686 individuals. This represents an increase of 815 counselling/psychotherapy and complementary sessions delivered over the last 12 months (2023/24:4242), an increase of 19%. 

650 individuals engaging in social programmes to increase knowledge, understanding and skills around mental health issues. This has included programmes on_ anxiety management, mindfulness/meditation, understanding grief loss, filling my wellness toolbox, arts and crafts and others. In addition, this year we have engaged with a number of schools to deliver programmes on emotional health & wellbeing and substance misuse issues as part of the Rory Carlin Memorial Fund Project. 32 individuals engaged in volunteering. This year we have continued to see high levels of emotional health & wellbeing needs in the local community and an increase in referrals for support, particularly for adults seeking counselling/psychotherapy support. The Koram Centre has received support this year from a range of funders including Department for Communities, Victims & Survivors Service NI, WHSCT, Western Rural Health Care, Children in Need, Public Health Agency, National Lottery Community Fund, Henry Smith Charity and others. 

3 

# THE KORAM CENTRE, COUNSELLING, PSYCHOTHERAPY AND PSYCHO SOCIAL SUPPORT LTD 

## Company Limited by Guarantee 

Trustees’ Annual Report (Incorporating the Director's Report) (continued) 

Year ended 31 March 2025 

## Financial review 

Review of the Business 

The company is non-profit making organisation. The management continues to be engaged in ongoing efficiency savings and is aware of the sustainable use of resources. 

## Reserves Policy 

‘The trustees have set a reserves policy which requires that reserves be maintained at a level which ensures that the charity's core activity could continue during a period of unforeseen difficulty and to assist in the future strategic development of the organisation. The trustees have agreed that the charity should endeavour to hold reserves at an amount not less than £225,867 in an effort to minimise the risks identified by the charity. This includes ten months expenditure in relation to salaries and running costs and provision for redundancy. 

The trustees' annual report and the strategic report were approved on 2 July 2025 and signed on behalf of the board of trustees by: 


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4 tA<br>COSA IA [RL]<br>Ve,Lf = z - P<br>. Mr Gerard Harkin Mr Gerard McFadden<br>Trustee Trustee<br>**----- End of picture text -----**<br>


4 

## ‘ THE KORAM CENTRE, COUNSELLING, PSYCHOTHERAPY AND PSYCHO SOCIAL SUPPORT LTD 

## Company Limited by Guarantee 

Independent Examiner's Report to the Trustees of THE KORAM CENTRE, COUNSELLING, PSYCHOTHERAPY AND PSYCHO SOCIAL SUPPORT LTD 

## Year ended 31 March 2025 

| report to the trustees on my examination of the financial statements of THE KORAM CENTRE, COUNSELLING, PSYCHOTHERAPY AND PSYCHO SOCIAL SUPPORT LTD (‘the charity’) for the year ended 31 March 2025. 

## Responsibilities and basis of report 

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of Charities Act (Northern Ireland) 2008 (the ‘2008 Act’) and the Companies Act 2006 (‘the 2006 Act’). You are satisfied that the accounts of the company are not required by charity or company law to be audited and have chosen instead to have an independent examination. 

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, | report in respect of my examination of the charity's financial statements as carried out under section 65 of the 2008 Act. In carrying out my examination | have followed the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the 2008 Act. 

## Independent examiner's statement 

Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 65 of the 2008 Act. | confirm that | am qualified to undertake the examination because | am a member of Chartered Accountants Ireland, which is one of the listed bodies. 

| have completed my examination. | confirm that no matters have come to my attention in connection with my examination giving me cause to believe that in any material respect: 

1. | accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or 

2. the financial statements do not accord with those records; or 

3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or 

4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). 

5 

: 

## THE KORAM CENTRE, COUNSELLING, PSYCHOTHERAPY AND PSYCHO SOCIAL SUPPORT LTD 

## Company Limited by Guarantee 

Independent Examiner's Report to the Trustees of THE KORAM CENTRE, COUNSELLING, PSYCHOTHERAPY AND PSYCHO SOCIAL SUPPORT LTD (continued) 

## Year ended 31 March 2025 

| confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached. 

Hea Seamus McCaffrey Independent Examiner 

50 Campsie Road Omagh Co Tyrone BT79 O0AG 

6 

THE KORAM CENTRE, COUNSELLING, PSYCHOTHERAPY AND PSYCHO SOCIAL SUPPORT LTD 

## Company Limited by Guarantee 

Statement of Financial Activities (including income and expenditure account) 

## Year ended 31 March 2025 

||||2025||2024|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|||
|||funds|funds|Totalfunds|Total funds|
||Note|£|£|£|£|
|Income and endowments||||||
|Donations and legacies|5|29,128|418,516|447 644|440,592|
|Charitable activities|6|24,845|-|24,845|37,341|
|Other income|7|1,975|-|1,975|-|
|Total income||55,948|418,516|474,464|477,933|
|Expenditure||||||
|Expenditure on raising funds:||||||
|Fundraising Costs|8|-|-|-|74|
|Expenditure on charitable activities||59,074|378,935|438,009|450,429|
|Total expenditure||59,074|378,935|438,009|450,503|
|Net income||(3,126)|39,581|36,455|27,430|
|Other income|13|147 346|=|147,346|85,447|
|Net movement in funds||144,220|39,581|183,801|112,877|
|Reconciliation of funds||||||
|Total funds brought forward||304,496|86,240|390,736|277,859|
|Totalfundscarriedforward||448,716|125,821|574,537|390,736|



The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 

The notes on pages 11 to 22 form part of these financial statements. 

7 

## THE KORAM CENTRE, COUNSELLING, PSYCHOTHERAPY AND PSYCHO SOCIAL SUPPORT LTD 

## Company Limited by Guarantee 

## Statement of Financial Position 

## 31 March 2025 

|||2025|2024|
|---|---|---|---|
||Note|£|£|
|Fixed assets||||
|Tangible fixed assets|14|742,440|749,290|
|Current assets||||
|Debtors|15|48,294|27,343|
|Cash at bank and in hand||356,719|281,193|
|||405,013|308,536|
|Creditors: amounts falling due within one year|16|45,558|172,033|
|Net current assets||359,455|136,503|
|Total assets less current liabilities||1,101,895|885,793|
|Creditors: amounts falling due after more than one year|17|527,358|495,057|
|Net assets||574,537|390,736|
|Funds ofthe charity||||
|Restricted funds||125,821|86,240|
|Unrestricted funds:||||
|Revaluation reserve||-|75,000|
|Other unrestricted income funds||448,716|229,496|
|Total unrestricted funds||448,716|304,496|
|Totalcharityfunds|21|574,537|390,736|



For the year ending 31 March 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 

## Directors' responsibilities: 

- e | The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476; 

- e The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements. 

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime. 

## The statement of financial position continues on the following page. The notes on pages 11 to 22 form part of these financial statements. 

8 

# THE KORAM CENTRE, COUNSELLING, PSYCHOTHERAPY AND PSYCHO SOCIAL SUPPORT LTD 

Company Limited by Guarantee 

Statement of Financial Position (continuea) 

31 March 2025 

These financial statements were approved by the board of trustees and authorised for issue on 2 July 2025, and are signed on behalf of the board by: 

Mr Gerard Harkin Mr Gerard McFadden Trustee Trustee 

The notes on pages 11 to 22 form part of these financial statements. 

9 

## THE KORAM CENTRE, COUNSELLING, PSYCHOTHERAPY AND PSYCHO SOCIAL SUPPORT LTD 

## Company Limited by Guarantee 

## Statement of Cash Flows 

## Year ended 31 March 2025 

## es 

||2025|2024|
|---|---|---|
||£|g|
|Cash flows from operating activities|||
|Net income|36,455|27,430|
|Adjustments for:|||
|Depreciation of tangible fixed assets|8,320|86,087|
|Loss on disposal oftangible fixed assets|17,705|-|
|Amortisation of capital grants|129,641|85,447|
|Changes in:|||
|Trade and other debtors|(20,951)|1,258|
|Trade and other creditors|(94,174)|498,279|
|Cash generated from operations|76,996|698,501|
|Net cash from operating activities|76,996|698,501|
|Cash flows from investing activities|||
|Purchase oftangible assets<br>Proceeds from sale of tangible assets|(76,469)<br>74,999|(559,250)<br>=|
|Net cash used in investing activities|(1,470)|(559,250)|
|Net increase in cash and cash equivalents|75,526|139,251|
|Cash and cash equivalents at beginning ofyear|281,193|141,941|
|Cashandcashequivalentsatendofyear|356,719|281,192|



The notes on pages 11 to 22 form part of these financial statements. 

10 

; 

# THE KORAM CENTRE, COUNSELLING, PSYCHOTHERAPY AND PSYCHO SOCIAL SUPPORT LTD 

## Company Limited by Guarantee 

## Notes to the Financial Statements 

## Year ended 31 March 2025 

1. General information 

The charity is a public benefit entity and a private company limited by guarantee, registered in Northern Ireland and a registered charity in Northern Ireland. The address ofthe registered office is 12 Railway Street, Strabane, Co Tyrone, BT82 8EF. 

## 2. 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 Practice 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 Companies Act 2006. 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. 

3. Accounting policies 

The financial statements are prepared in sterling, which is the functional currency of the entity. 

## Going concern 

There are no material uncertainties about the charity's ability to continue. 

## Judgements and key sources of estimation uncertainty 

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. 

## 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 two sub-classes: restricted income funds or endowment funds. 

11 

## THE KORAM CENTRE, COUNSELLING, PSYCHOTHERAPY AND PSYCHO SOCIAL SUPPORT LTD 

## Company Limited by Guarantee 

Notes to the Financial Statements (continuea) 

## Year ended 31 March 2025 

3. Accounting policies (continued) 

## 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 entitlement to the gift, receipt is probable and its amount can be measured reliably. 

- e legacy income is recognised when receipt is probable and entitlement 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 if the value can be reliably measured. No amounts are included for the contribution of general volunteers. 

- ° income from contracts for the supply of services is recognised with the delivery of the contracted service. 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: 

- e 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 charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. 

- ° 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 between the activities they contribute to on a reasonable, justifiable and consistent basis. 

12 

# THE KORAM CENTRE, COUNSELLING, PSYCHOTHERAPY AND PSYCHO SOCIAL SUPPORT LTD 

## Company Limited by Guarantee 

Notes to the Financial Statements (continued) 

Year ended 31 March 2025 

3. Accounting policies (continuea) 

## Tangible assets 

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. 

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. 

## Depreciation 

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: 

Freehold property - Not Depreciated Equipment - 25% straight line 

Impairment of fixed assets 

A review for indicators of impairment 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 impairments 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 cash-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 impairment 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, irrespective of whether other assets or liabilities of the charity are assigned to those units. 

## Government grants 

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the charity will comply with the conditions attaching to them and the grants will be received. 

13 

## : THE KORAM CENTRE, COUNSELLING, PSYCHOTHERAPY AND PSYCHO SOCIAL SUPPORT LTD Company Limited by Guarantee Notes to the Financial Statements (continuea) 

## Year ended 31 March 2025 Tee eens 3. Accounting policies (continued) 

## Government grants (continued) 

Where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability. 

## Financial instruments 

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. 

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. 

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. 

## Debt instruments are subsequently measured at amortised cost. 

Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. 

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. 

Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. 

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. 

14 

# THE KORAM CENTRE, COUNSELLING, PSYCHOTHERAPY AND PSYCHO SOCIAL SUPPORT LTD 

## Company Limited by Guarantee 

## Notes to the Financial Statements (continued) 

## Year ended 31 March 2025 

## A 

3. Accounting policies (continued) 

## Defined contribution plans 

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. 

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. 

4. Limited by guarantee 

This company is limited by guarantee therefore it does not have share capital. 

5. Donations and legacies 

||Unrestricted|Restricted|Total Funds|
|---|---|---|---|
||Funds|Funds|2025|
||£|£|£|
|Donations||||
|Sundry Donations|27,655|-|27,655|
|Koram Golf Classic|a|=|-|
|Rory Carlin Memorial Fund|-|74,881|74,881|
|Grants||||
|Victims & Survivors Service NI|-|95,457|95,457|
|DFC Core Funding|-|78,797|78,797|
|Neighbourhood Health Improvement Programme|-|4,500|4,500|
|Derry Healthy Cities - Suicide Bereavement Support<br>(PHA)<br>Children In Need|-<br>-|2,200<br>13,580|2,200<br>13,580|
|Short-term Enhancement Funding (PHA)|-|=|-|
|Clear Funding (PHA)|-|3,000|3,000|
|Community Foundation for NI/Department of Health|-|_|_|
|Strabane Community Project - Schools Project|-|3,500|3,500|
|Halifax Foundation<br>St John ofGod Foundation|—-<br>=|-<br>_|=<br>-|
|Big Lottery Peoples<br>& Communities Fund|-|74,301|74,301|
|Henry Smith Charity|-|64,700|64,700|
|VSSNI-TroublesPermanentDisablementScheme|-|3,600|3,600|



15 

: 

## THE KORAM CENTRE, COUNSELLING, PSYCHOTHERAPY AND PSYCHO SOCIAL SUPPORT LTD 

## Company Limited by Guarantee 

## Notes to the Financial Statements (continueg) 

## Year ended 31 March 2025 NINN 

## en 

## 5. Donations and legacies (continued) 

|||Unrestricted|Restricted|Total Funds|
|---|---|---|---|---|
|||Funds|Funds|2025|
|||£|£|£|
|Other donations and legacies|||||
|Pieta House||1,473|-|1,473|
|||29,128|418,516|447 644|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2024|
|||£|£|£|
|Donations|||||
|Sundry Donations||15,959|-|15,959|
|Koram Golf Classic||5,082|-|5,082|
|Rory Carlin Memorial Fund||-|57,978|57,978|
|Grants|||||
|Victims & Survivors Service NI||-|92,056|92,056|
|DFC Core Funding||—|74,478|74,478|
|Neighbourhood Health Improvement Programme||-|1,500|1,500|
|Derry Healthy Cities <br>(PHA)<br>Children In Need|- Suicide Bereavement Support|-<br>-|2,200<br>13,320|2,200<br>13,320|
|Short-term Enhancement Funding (PHA)||3,970|-|3,970|
|Clear Funding (PHA)||-|4,205|4,205|
|Community Foundation for NI/Department of Health||-|57,531|57,531|
|Strabane Community Project - Schools Project||-|4,200|4,200|
|Halifax Foundation||=|5,000|5,000|
|St John of God Foundation||6,000|14,000|20,000|
|Big Lottery Peoples|& Communities Fund|-|74,294|74,294|
|Henry Smith Charity||=|=|=|
|VSSNI -Troubles Permanent Disablement Scheme||-|6,160|6,160|
|Other donations and legacies|||||
|Pieta House||2,659|—|2,659|
|||33,670|406,922|440,592|



16 

. 

## THE KORAM CENTRE, COUNSELLING, PSYCHOTHERAPY AND PSYCHO SOCIAL SUPPORT LTD 

## Company Limited by Guarantee 

## Notes to the Financial Statements (continueg) 

|Year ended 31 March 2025<br>eee<br>SE<br>COOUI eae<br>EO<br>eeeeSNSSS, ebehk)h™yjéSS|Year ended 31 March 2025<br>eee<br>SE<br>COOUI eae<br>EO<br>eeeeSNSSS, ebehk)h™yjéSS|Year ended 31 March 2025<br>eee<br>SE<br>COOUI eae<br>EO<br>eeeeSNSSS, ebehk)h™yjéSS|Year ended 31 March 2025<br>eee<br>SE<br>COOUI eae<br>EO<br>eeeeSNSSS, ebehk)h™yjéSS|Year ended 31 March 2025<br>eee<br>SE<br>COOUI eae<br>EO<br>eeeeSNSSS, ebehk)h™yjéSS|Year ended 31 March 2025<br>eee<br>SE<br>COOUI eae<br>EO<br>eeeeSNSSS, ebehk)h™yjéSS|Year ended 31 March 2025<br>eee<br>SE<br>COOUI eae<br>EO<br>eeeeSNSSS, ebehk)h™yjéSS|Year ended 31 March 2025<br>eee<br>SE<br>COOUI eae<br>EO<br>eeeeSNSSS, ebehk)h™yjéSS|
|---|---|---|---|---|---|---|---|
|6.|Charitable activities|||||||
||||Unrestricted|Total Funds||Unrestricted|Total Funds|
||||Funds||2025|Funds|2024|
||||£||£|£|£|
||Allotment Income||4,386||4,386|4,756|4,756|
||Locally Enhanced Services|(Western||||||
||Rural Healthcare)||4,845||4,845|8,798|8,798|
||Talking Therapies HUB||12,349||12,349|15,977|15,977|
||Management Fees||3,265||3,265|7,810|7,810|
||||24,845||24,845|37,341|37,341|
|7.|Other income|||||||
||||Unrestricted|Total Funds||Unrestricted|Total Funds|
||||Funds||2025|Funds|2024|
||||£||£|£|£|
||Room Hire||1,975||1,975|-|-|
|8.|Fundraising costs|||||||
||||Unrestricted|Total Funds||Unrestricted|Total Funds|
||||Funds||2025|Funds|2024|
||||£||£|g|£|
||Costs of raising donations and legacies|||||||
||- Donations||-||-|74|74|
|9.|Net income|||||||
||Net income is stated after charging/(crediting):|||||||
|||||||2025|2024|
|||||||£|E|
||Depreciation oftangible fixed assets|||||8,320|86,087|
|10.|Independent examination|fees||||||
|||||||2025|2024|
|||||||£|£|
||Fees payable to the independent examiner for:|||||||
||Independentexaminationofthefinancial||statements|||1,150|1,150|



17 

THE KORAM CENTRE, COUNSELLING, PSYCHOTHERAPY AND PSYCHO SOCIAL SUPPORT LTD 

## Company Limited by Guarantee 

## Notes to the Financial Statements (continueg) 

## Year ended 31 March 2025 

eeee 

## 11. Staff costs 

The total staff costs and employee benefits for the reporting period are analysed as follows: 

||2025|2024|
|---|---|---|
||£|£|
|Wages and salaries|164,230|150,971|
|Employer contributions to pension plans|4,646|4,950|
||168,876|155,921|



The average head count of employees during the year was 9 (2024: 9). The average number of full-time equivalent employees during the year is analysed as follows: 2025 2024 Staff No. 9 No. 9 

No employee received employee benefits of more than £60,000 during the year (2024: Nil). 

## 12. Trustee remuneration and expenses 

No remuneration or other benefits from employment with the charity or a related entity were received by the trustees’. 

13. Other income 

||2025|2024|
|---|---|---|
||£|£|
|Other income|147,346|85,447|
|Other income above includes the following:|||
||2025|2024|
||£|£|
|Amortisation of capital grants|129,641|85,447|
|Profit on disposal of 3 Mourne Villas|17,705||
||147,346|85,447|



18 

; 

## THE KORAM CENTRE, COUNSELLING, PSYCHOTHERAPY AND PSYCHO SOCIAL SUPPORT LTD 

## Company Limited by Guarantee Notes to the Financial Statements (continuea) 

## Year ended 31 March 2025 oeee NBNBNBNBSBSBs$»)SyET pe 

## 14. Tangible fixed assets 

||Freehold|||
|---|---|---|---|
||property|Equipment|Total|
|Cost|£|£|£|
|At 1 April 2024<br>Additions<br>Disposals|832,817<br>45,751<br>(74,999)|26,855<br>30,718<br>-|859,672<br>76,469<br>(74,999)|
|At 31 March 2025|803,569|57,573|861,142|
|Depreciation||||
|At 1 April 2024<br>Charge forthe year|85,447<br>-|24,935<br>8,320|110,382<br>8,320|
|At 31 March 2025|85,447|33,255|118,702|
|Carrying amount||||
|At 31 March 2025|718,122|24,318|742,440|
|At31March2024|747,370|1,920|749,290|



The Charity was awarded a Capital Grant from the Department for Communities of £525,000 towards the Construction costs of a new premises at 12 Railway Street Strabane. The project was completed during the year end and £509,250 of the total grant was received a further £15,750 is due on final sign off. The Charity also received grant funding from The Big Lottery Fund towards this project. As a result of the funding received the Charity is precluded from disposing of the property without permission from the funders. 

## 15. Debtors 

||2025|2024|
|---|---|---|
||£|£|
|Prepayments and accrued income|-|54|
|Dept. for Communities<br>Other debtors|25,758<br>22,536|3,813<br>23,476|
||48,294|27,343|
|Other debtors above is represented as follows:|||
||2025|2024|
||£|£|
|Derry & Strabane District Council|2,172|-|
|Big Lottery Fund<br>Western Health & Social Care Trust<br>Community Foundation<br>Other|18,573<br>=<br>-<br>1,790|18,573<br>1,217<br>2,560<br>1,124|
||22,535|23,475|



## ee 

19 

THE KORAM CENTRE, COUNSELLING, PSYCHOTHERAPY AND PSYCHO SOCIAL SUPPORT LTD 

## Company Limited by Guarantee 

## Notes to the Financial Statements (continued) 

## Year ended 31 March 2025 nn nes 

## 16. Creditors: amounts falling due within one year 

||2025|2024|
|---|---|---|
||£|£|
|Trade creditors|20,673|139,568|
|Accruals and deferred income|1,725|1,725|
|Social security and other taxes|888|812|
|Other creditors|22,272|29,928|
||45,558|172,033|



Other creditors above are represented by grants received in advance as follows, 

|||2025|2024|
|---|---|---|---|
|||E|£|
||Clothworkers Foundation||10,000|
||NLCF -Award for all|-|19,928|
||St John ofGod Foundation|17,600||
||Peaceplus|2,172||
||LFT Charitable Trust|2,500||
|||22,272|29,928|
|17.|Creditors:amountsfallingdueaftermorethanoneyear|||



|||2025|2024|
|---|---|---|---|
|||E|£|
||Accruals and deferred income|527,358|495,057|
|18.|Deferred income|||
|||2025|2024|
|||£|ra|
||At 1 April 2024|495,058|144,303|
||Amount released to income|(129,641)|(85,447)|
||Amount deferred in year|161,941|436,201|
||At31March2025|527,358|495,057|



19. Pensions and other post retirement benefits 

## Defined contribution plans 

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £4,646 (2024: £4,950). 

20 

, 

## THE KORAM CENTRE, COUNSELLING, PSYCHOTHERAPY AND PSYCHO SOCIAL SUPPORT LTD 

## Company Limited by Guarantee 

## Notes to the Financial Statements (continuea) 

## psiYear ended 31 March 2025 20. Government grants 

|The amounts recognised in the financial statements for government|grants are as|follows:|
|---|---|---|
||2025|2024|
||£|£|
|Recognised in creditors:|||
|Deferredgovernmentgrantsdueaftermorethanoneyear|527,358|495,057|



## 21. Analysis of charitable funds 

||Balance|||Balance|
|---|---|---|---|---|
||B/fwd|Incoming|Outgoing|C/fwd|
||£|£|£|£|
|NHIP- Neighbourhood Health|||||
|Improvement|-|4,500|3,929|572|
|Department for Communities|1,613|78,797|80,410|-|
|Victim Survivors Services NI|-|95,457|91,874|3,583|
|Children In Need|6,215|13,580|13,722|6,073|
|Developing Healthy Communities|1,905|2,200|2,935|1,170|
|Halifax Foundation|280|-|280|-|
|PHA - Clear Project|45|3,000|3,045|-|
|The Henry Smith Charity|-|64,700|64,700|-|
|Big Lottery Peoples<br>& Communities|||||
|Fund|5,069|74,301|75,185|4,185|
|Community foundation for|||||
|Nl/Department of Health|10,135|-|10,135|-|
|VSSNI-Troubles Permanent|||||
|Disablement Scheme|60|3,600|3,660|-|
|Strabane Community Project -Schools|||||
|Programme|2,940|3,500|4,833|1,607|
|Rory Carlin Memorial Fund|57,978|74,881|24,227|108,631|
||86,240|418,515|378,934|125,821|



21 

THE KORAM CENTRE, COUNSELLING, PSYCHOTHERAPY AND PSYCHO SOCIAL SUPPORT LTD 

## Company Limited by Guarantee 

## Notes to the Financial Statements (continuea) 

## Year ended 31 March 2025 

## een 

22. Analysis of net assets between funds 

|||Unrestricted|Restricted|Total Funds|
|---|---|---|---|---|
|||Funds|Funds|2025|
|||£|£|£|
||Tangible fixed assets|742,440|-|742,440|
||Current assets|256,920|148,093|405,013|
||Creditors less than 1 year<br>Creditors greaterthan 1 year|(23,286)<br>(527,358)|(22,272)<br>-|(45,558)<br>(527,358)|
||Net assets|448,716|125,821|574,537|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2024|
|||£|£|£|
||Tangible fixed assets|749,290|-|749,290|
||Current assets|192,369|116,167|308,536|
||Creditors less than 1 year<br>Creditors greater than 1 year|(142,105)<br>(495,057)|(29,928)<br>-|(172,033)<br>(495,057)|
||Net assets|304,497|86,239|390,736|
|23.|Analysis of changes in net debt||||
|||||At|
|||At 1 Apr 2024|Cash flows|31 Mar 2025|
|||£|£|£|
||Cashatbankandinhand|281,193|75,526|356,719|



22 

# THE KORAM CENTRE, COUNSELLING, PSYCHOTHERAPY AND PSYCHO SOCIAL SUPPORT LTD 

Company Limited by Guarantee 

Management Information 

pi ——YearI ended 31 March 2025 

The following pages do not form part of the financial statements. 

23 

THE KORAM CENTRE, COUNSELLING, PSYCHOTHERAPY AND PSYCHO SOCIAL SUPPORT LTD 

## Company Limited by Guarantee 

## Detailed Statement of Financial Activities 

Year ended 31 March 2025 ON Nn 

||2025|2024|
|---|---|---|
||£|g|
|Income and endowments|||
|Donations and legacies|||
|Sundry Donations<br>Koram Golf Classic<br>Rory Carlin Memorial Fund<br>Victims & Survivors Service NI<br>DFC Core Funding<br>Neighbourhood Health Improvement Programme<br>Derry Healthy Cities - Suicide Bereavement Support (PHA)<br>Children In Need<br>Short-term Enhancement Funding (PHA)<br>Clear Funding (PHA)<br>Community Foundation for NI/Department of Health<br>Strabane Community Project - Schools Project<br>Halifax Foundation<br>St John ofGod Foundation|27,655<br>-<br>74,881<br>95,457<br>78,797<br>4,500<br>2,200<br>13,580<br>-<br>3,000<br>-<br>3,500<br>-<br>-|15,959<br>5,082<br>57,978<br>92,056<br>74,478<br>1,500<br>2,200<br>13,320<br>3,970<br>4,205<br>57,531<br>4,200<br>5,000<br>20,000|
|Big Lottery Peoples<br>& Communities Fund<br>Henry Smith Charity|74,301<br>64,700|74,294<br>-|
|VSSNI -Troubles Permanent Disablement Scheme|3,600|6,160|
|Pieta House|1,473|2,659|
||447,644|440,592|
|Charitable activities|||
|Allotment Income|4,386|4,756|
|Locally Enhanced Services (Western Rural Healthcare)|4,845|8,798|
|Talking Therapies HUB|12,349|15,977|
|Management Fees|3,265|7,810|
||24,845|37,341|
|Other income|||
|Room Hire|1,975|-|
|Totalincome|474,464|477,933|



24 

## THE KORAM CENTRE, COUNSELLING, PSYCHOTHERAPY AND PSYCHO SOCIAL SUPPORT LTD 

## Company Limited by Guarantee 

## Notes to the Detailed Statement of Financial Activities (continueg 

|Yearended 31 March 2025<br>i<br>ge|||
|---|---|---|
||2025|2024|
||£|£|
|Expenditure on charitable activities|||
|Activity type 1|||
|Activities undertaken directly<br>Wages/salaries<br>Pension costs<br>Rent<br>Direct charitable activity 1 - rates & water|157,073<br>4,646<br>2,167<br>95|146,025<br>4,950<br>5,200<br>-|
|Light & heat<br>Repairs & maintenance|5,861<br>175|3,821<br>—|
|Insurance<br>Legal and professional fees|3,808<br>1,073|3,115<br>4,623|
|Telephone, broadband & database|4,350|4,252|
|PHA - Clear Project|3,000|3,485|
|Postage, Stationery & Advertising<br>Managers & Clinical Supervision|9,197<br>810|6,162<br>985|
|Accountancy Fees|1,406|1,406|
|Bank Fees|98|372|
|Counselling & Complementary Therapy Sessional Fees|177,675|150,235|
|Programme Costs|12,673|1,937|
|Training|997|628|
|Management fees|11,305|7,810|
|Big Lottery Peoples<br>& Community Fund|5,397|5,176|
|General Organisational Costs|2,797|1,310|
||404,603|351,492|
|Support costs|||
|Wages/salaries|7,157|4,946|
|Repairs & maintenance|3,778|468|
|Support charitable activity 1 - legal and professional fees<br>Depreciation<br>Sundries|280<br>8,320<br>418|-<br>86,087<br>216|
|Sessional Costs|3,780|500|
|Programme Costs|8,294|3,396|
|Administration & Office Costs|896|2,937|
|Training|483|387|
||33,406|98,937|
|Expenditureoncharitableactivities|438,009|450,429|



25