TIMES OF REFRESHING MINISTRIES
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FOR THE YEAR ENDED 31ST MARCH 2024
TRUSTEE REPORT
The Trustee's present their report and the financial statements of the charity for the year ended 31 March 2024.
REFERENCE AND ADMINISTRATIVE DETAILS
Charity Number: NIC100577 Registered Office: Unit 13, Workspace, 80 Rainey Street Magherafelt Co. Londonderry BT45 5AH
TRUSTEES
The trustees who served the charity during the year were:
Mr Derek Price Mr Brian Patton 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 deficit of £16,526 for the year. This offsets a surplus of £15,382 for the year ending March 2023, resulting in a decreased reserve balance of £19,858.The total income decreased significantly, primarily due to £23,500 of Grants being secured in the previous financial year.
Non Grant income decreased by over 20% but our operational expenditure increased by 26%. The increased expenditure has been funded through significant grant awards in the previous financial year and is primarily due to to investing in volunteer training. Reserves at March 2024, along with projected non-grant income, should provide funding for continued operation to Summer 2025.
ACHIEVEMENTS AND PERFORMANCE
Throughout the past year we have maintained both client numbers and counselling hours. We have completed our Pastoral Ministry Training Manual, which is now 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. We will continue to utilise digital technology, carrying out on-line counselling via video platforms such as zoom. We will also continue to carry out in-person counselling in both Magherafelt and Greater Belfast. A detailed review by the Trustees of both income sources and operational costs is being carried out in early 2025, with the aim of securing future ministries or if required, organising a timely winding down of charitable operations.
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 13th January 2025 :-
D. Price