## TIMES OF REFRESHING MINISTRIES ## FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 **TIMES OF REFRESHING MINISTRIES** ## **FOR THE YEAR ENDED 31ST MARCH 2023** |**TABLE OF CONTENTS**|**PAGE**| |---|---| |Trustees Report|1| |Independent Examiners Report|2| |Statement of Financial Activities|3| |Balance sheet|4| |Notes to the Accounts|5-6| **TIMES OF REFRESHING MINISTRIES** Page 1 ## **FOR THE YEAR ENDED 31ST MARCH 2023** ## **TRUSTEE REPORT** The Trustee's present their report and the financial statements of the charity for the year ended 31 March 2023. ## **REFERENCE AND ADMINISTRATIVE DETAILS** Charity Number: NIC100577 Registered Office: 30 Finsbury Crescent Belfast Co. Antrim BT8 6GH ## **TRUSTEES** The trustees who served the charity during the year were: Mr Derek Price Mrs Kathleen Lavery Dr Kelvin McCracken ## **PRINCIPAL ACTIVITIES** The charity provides a therapeutic approach to those with emotional needs using talking therapies. This includes listening, psycho-dynamic counselling, CBT and therapeutic pastoral approach to the needs of the client. ## **STRUCTURE AND GOVERNANCE** The charity is governed by a Trust Deed. ## **FINANCIAL REVIEW** The charity reports a surplus of £15,382 for the year, resulting in a increased reserve balance of £36,384. The total income increased significantly, primarily due to £23,500 of Grants being secured. Non Grant income increased by over 7% but our operational expenditure increased by 48%. The increased expenditure has been funded through significant grant awards and is primarily due to investing in operational staff and training costs. This investment has helped to maintain our core activities whilst also bringing additional volunteers on-board. The Trustees will continue to ensure that our reserves remain at a suitable level. ## **ACHIEVEMENTS AND PERFORMANCE** Throughout the past year we have maintained both client numbers and counselling hours. We are encouraged to have additional trainee counsellors join us. We have continued to revamp out Pastoral Ministry Training Manual so that it is ready for use when training courses start again. ## **PLANS FOR FUTURE PERIODS** TRM will continue to provide excellent services bringing a range of benefits to the public. These services are concentrated around our core counselling service providing both emotional and spiritual support to the public. In order to continue to help cover the operational costs in the future, we will, if necessary, look to continue to provide additional complementary educational services such as Pastoral Ministry Training. We will continue to utilise digital technology, carrying out on-line counselling via video platforms such as zoom. We also carried out in-person counselling in both Magherfelt and Greater Belfast. The Trustees and management will continue to monitor our income and expenditure ensuring a controlled level of reserves is maintained. ## **RESPONSIBILITIES OF TRUSTEES** The Trustees are responsible for the management and administration of the Trust, for directing the affairs of the Trust and ensuring that it delivers its charitable objects. The Trustees are also responsible for preparing the annual report and accounts. Trustees also ensure that the Trust is compliant with the rules of the Trust as set out in its governing document. Signed on behalf of the Trustees on 25th January 2024 :- ____________________________________ D. Price Accounting&Ta Delivering a personal servtce- because every business is unique Professional. Practical & Proacrive with your tax affair5 Independent examinerfs report to the trustees of Times of Refreshing Ministries I report on the accounts of the Trust for the year ended 31 March 2023, which are set on the following pages. Respective responsibilities of trustees and examiner The trustees are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008. It is my responsibility to: Examine the accounts under Section 65 of the Charities Act To follow the procedures laid down in the general Directions given by the Charity Commission for Northern Ireland under section 6519llbl of the Charities Act To state whether any particular matters have come to my attention. Basis of independent examinerfs report My examination was carried out in accordance with the general Directions given by the Charity Commission for Northern Ireland. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. Signed." on behalf of O'Boyle Accounting Name and Position Date." ifje knnhtYJ&T(X 4 Bingham StreeL Bangor, C(FDown. 8T2L>SDW I Phone'.102819146 9054 1 E4Mail'. info@obtyeaccouniing.com Website". vMw.oboyleaccouniing.com i Q @oboyjeaccounting PAOFESSh)r C¥ect(￿G. O'W. L WrwJh( ki O'we. c¢ryaryre￿tred No. Ni6011 GttryO'BtyeACMA Ctht 30Yew5exp￿￿KeWlth5rna1l L￿e￿ell tyCIWI to wcrfk in wacrice.CLYlfftate LX)466 Accounting&Ta Delivering a personal serwce- because every business is unique ProfessionaL Practi￿1 & Proartive with your tax affairs Independent examinerfs statement In connection with my examination, no matter has come to my attention: Which, gives me reasonable cause to believe that in any material respect the requirements.. That accounting records were not kept in accordance with section 63 of the Charities Act, and That the accounts do not accord with those accounting records That the accounts do not comply with the accounting requirements of the Charities Act That there is further information needed for a proper understanding of the accounts to be reached. Signed.. on behalf of O'Boyle Accounting Name arKI P05ibon Dale: knnting&T(K OWeACcfwr￿£ Talaty￿ Ud 4 8ingham Street &3ngor, C¢iDown. BT2LN5DW I Phone'.102819146 9054 1 E-mail.. lnf0@obo￿eaC(ounting.cOM Website.. www.otx)￿eacCo￿nting.cOM i Q @ot)oyleaccounring PROFESSh)PiIL DirectLX¥. G. O'BW L WrKJh¢ M.O'W. Ccrywry reg￿ere￿ No. Ni601180 Gerry O'WeACMA CW ]Oyear5 exFErwKe ynall t￿s￿less. bcenced tyCIAAA rowcxk inwactice.certifKaiern. 00466 **TIMES OF REFRESHING MINISTRIES** Page 3 ## **STATEMENT OF FINANCIAL ACTIVITIES FOR YEAR ENDED 31 MARCH 2023** |**Notes**
**INCOMING RESOURCES**
**2**
Incoming resources from generating funds:
Voluntary income
Activities for generating funds
Investment income
Other incoming resources
**TOTAL INCOMING RESOURCES**
**RESOURCES EXPENDED**
**3**
Charitable activities
Goverance costs
Other resources expended
**TOTAL RESOURCES EXPENDED**
**NET [OUTGOING] INCOMING RESOURCES FOR**
**THE YEAR**
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**2023**
**2023**
**2023**
10,962
0
10,962
3,801
0
3,801
11
0
11
23,500
0
23,500
38,274
0
38,274
221
0
221
22,672
0
22,672
0
0
0
0
22,893
0
22,893
15,382
0
15,382
15,382
0
15,382
21,002
0
21,002
36,384
0
36,384|**Total**
**2022**
10,208
3,488
3
840
14,539
840
14,633
0
0
15,473
-934
-934
21,936
21,002| |---|---|---| The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared. All of the above amounts relate to continuing activities |**TIMES OF REFRESHING MINISTRIES**
**BALANCE SHEET AS AT 31 MARCH 2023**
**Notes**
**FIXED ASSETS**
Tangible Assets
**6**
**CURRENT ASSETS**
Debtors: Amounts due within 1 year
Cash at bank and in hand
**CREDITORS:**
**Amounts falling due within one year**
**7**
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURENT LIABILITIES**
**FUNDS OF THE CHARITY**
Unrestricted Funds
Restricted Income Funds
**TOTAL FUNDS**|**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**2023**
**2023**
**2023**
339
0
339
0
0
0
36,145
0
36,145
36,145
0
36,145
100
0
100
36,045
0
36,045
36,384
0
36,384
36,384
0
36,384
0
0
0
36,384
0
36,384|Page 4
**Total**
**2022**
424
0
20,678
20,678
100
20,578
21,002
21,002
0
21,002| |---|---|---| These financial statements were approved by the Trustees on 1st December 2023.and signed on their behalf by: D. Price Trustee **TIMES OF REFRESHING MINISTRIES** Page 5 ## **NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023** ## 1 **ACCOUNTING POLICIES** ## **Basis of Accounting** The financial statements have been prepared under the historical cost convention ## **Depreciation** Office equipment is depreciated at 20% per annum on a reducing balance basis ## **Donations** Donations are included in full in the statement of financial activities when received ## **Incoming resources** All incoming resources are included in the SoFA when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. ## **2** ## **3** |**ANALYSIS OF INCOMING RESOURCES**
**Voluntary income**
Gifts and donations
Gift Aid
**Activities for generating funds**
Counselling
**Other incoming resources**
Grants
**ANALYSIS OF RESOURCES EXPENDED**
**Charitable activities**
Course costs
**Governance costs**
Salaries and national insurance
Pension costs
Training
Professional Fees
Office rent and service charges
Heat and Light
Stationery & printing
Telephone & postage
Miscellaneous
Removals
Insurance
Subscriptions
Travel and subsistence
Computer and IT costs
Depreciation
Bank fees|**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**2023**
**2023**
**2023**
**£**
**£**
**£**
8,543
0
8,543
2,419
0
2,419
10,962
0
10,962
3,801
0
3,801
3,801
0
3,801
23,500
0
23,500|**Total**
**2022**
**£**
8,333
1,875| |---|---|---| |||10,208| |||3,488| |||3,488| |||840| ||23,500
0
23,500|840| ||**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**2023**
**2023**
**2023**
**£**
**£**
**£**|**Total**
**2022**
**£**| ||221
0
221|840| ||13,081
0
13,081
949
0
949
1,446
0
1,446
314
0
314
3,422
0
3,422
261
0
261
117
0
117
113
0
113
244
0
244
0
0
0
434
0
434
350
0
350
571
0
571
1,198
0
1,198
85
0
85
88
0
88
22,672
0
22,672|8,450
0
0
211
3,640
194
68
90
55
270
217
365
272
597
106
98| |||14,633| **TIMES OF REFRESHING MINISTRIES** Page 6 ## **NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2023** |**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**2023**
**2023**
**2023**
**£**
**£**
**£**
**4**
**PAID EMPLOYEES**
Gross wages and benefits in kind including
13,081
0
13,081
NIC'er
13,081
0
13,081
The average number of full time equivalent employees in the year:
Charitable Activities
1
Governance
1
**5**
**DONATIONS**
**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**2023**
**2023**
**2023**
**£**
**£**
**£**
0
0
0
0
0
0
**6**
**TANGIBLE ASSETS**
**Office**
**Equipment**
**£**
At 1st April 2022
14,527
Additions
0
Disposals
0
At 31st March 2023
14,527
**DEPRECIATION**
At 1st April 2022
14,103
Charge for the year
85
Disposals
0
At 31st March 2023
14,188
**NET BOOK VALUE**
At 31st March 2023
339
At 31st March 2022
424
**2023**
**£**
**7**
**CREDITORS: Amounts falling due within one year**
Accruals and deferred income
100
**8**
**RESTRICTED INCOME FUNDS**
**Funds held**
0|**Total**
**2022**
**£**
8,450| |---|---| ||8,450| ||**Total**
**2022**
**£**
0| ||0| ||**2022**
**£**| ||100| |||