## TIMES OF REFRESHING MINISTRIES
## FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
**TIMES OF REFRESHING MINISTRIES**
## **FOR THE YEAR ENDED 31ST MARCH 2025**
|**TABLE OF CONTENTS**|**PAGE**|
|---|---|
|Trustees Report|1|
|Independent Examiners Report|2-3|
|Statement of Financial Activities|4|
|Balance sheet|5|
|Notes to the Accounts|6-7|
**TIMES OF REFRESHING MINISTRIES**
Page 1
## **FOR THE YEAR ENDED 31ST MARCH 2025**
## **TRUSTEE REPORT**
The Trustee's present their report and the financial statements of the charity for the year ended 31 March 2025.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
Charity Number: NIC100577 Registered Office: 35 Church Street, Magherafelt Co. Londonderry BT45 6AP
## **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 £14,125 for the year, in turn reducing the reserves available to £5733. The total income remained steady for the year, including £1080 in Grants.
In line with our "Plans for the Future Periods" outlined within our financial report for the year ending 31st March 2024, the Trustees carried out a detailed review and as a result implemented an expenditure reduction plan, starting April 2025. The expenditure for the year ending 31st March 2025 remained at a similar level to the previous financial year. The level of reserves remaining at 31st March 2025, along with anticipated non-grant income, requires the Trustees to _carry out regular monthly forecasting, with the aim of ensuring reserves remain at a sufficient level to cover all costs, should the Charity need to wind up within 2025._
## **ACHIEVEMENTS AND PERFORMANCE**
Throughout the past year we have maintained both client numbers and counselling hours.
## **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. Close monitoring of the financial status of the Charity will be carried out, 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 23rd January 2026 :-
____________________________________
D. Price
Accounting &TaX Delivering a personal service - because every business is unique Professional, Practical & Proactive with your tax affairs
Independent examiner’s report to the trustees of Times of Refreshing Ministries | report on the accounts of the Trust for the year ended 31 March 2025, 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 lreland) 2008.
It is my responsibility to:
- e 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 65(9)(b) of the Charities Act
- e To state whether any particular matters have come to my attention.
## Basis of independent examiner’s 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: ve Whistushk nee 2026 on behalf of O’Boyle Accounting ........¥.4.MMS aos _ SRE ee er * sesesneeesnnetenenteeescneees Name and Position Wl We IG HT Oporie , iveelor. Accounting &Tat O’Boyle Accounting & Taxation Ltd 4 Bingham Street, Bangor, Co-Down, BT20-5DW | Phone: (028) 9146 9054 | E-mail: sechat eirateal cele sie PROFESSIONAL Website: www.oboyleaccounting.com | @ @oboyleaccounting Gerry O’Boyle ACMA. OverDirectors:30 yearsG. O’Boyle,experienceL. Wright,with small M. O’Boylebusiness **.** CompanyLicenced by registered CIMA to No. NiGO1work :in practice 180 - ceselicacm nis eae.
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Accounting &TAX
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Delivering a personal service - because every business is aloes Professional, Practical & Proactive with your tax affairs
## Independent examiner’s 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:
- e That accounting records were not kept in accordance with section 63 of the Charities Act, and
- e That the accounts do not accord with those accounting records e That the accounts do not comply with the accounting requirements of the Charities Act
- e That there is further information needed for a proper understanding of the accounts to be reached.
Wuimc \Wkepieces 2 Cala. Signed: on behalf of O’Boyle ACCOUNTING -nmsmrreneseorrnnn J" foo resivesere Name and Pos!ition WW i WUGHT pone. Urver Accounting RTA O'Boyle Accounting & Taxation Ltd 5 = il: i | ounting.com 4 Bingham Street, Bangor, Co-Down, BT20-5DW | Phone: (028) 9146 9054 | E-mail: sities eacc g Website: www.oboyleaccounting.com | @ @oboyleaccounting ownq@amm PROFESSIONALADVISORGerry O'Boyle ACMA. seari ae uate-G, O’Boyle,coneL. Wright,sisnant M. business. O'Boyle. Company Licenced by registered CIMA; to workNo. No. Ni601180 inNl practice: - certificatees No. 00466
Page 4
## **TIMES OF REFRESHING MINISTRIES**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR YEAR ENDED 31 MARCH 2025**
|**STATEMENT OF FINANCIAL ACTIVITIES**
**FOR YEAR ENDED 31 MARCH 2025**||||
|---|---|---|---|
|**INCOMING RESOURCES**
Incoming resources from generating funds:
Voluntary income
Activities for generating funds
Investment income
Other incoming resources
**TOTAL INCOMING RESOURCES**
**RESOURCES EXPENDED**
Charitable activities
Goverance costs
Other resources expended
**TOTAL RESOURCES EXPENDED**
**NET [OUTGOING] INCOMING RESOURCES**
**THE YEAR**
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|**Notes**|**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**2025**
**2025**
**2025**
9,960
0
9,960
3,303
0
3,303
95
0
95
1,080
0
1,080
14,437
0
14,437
0
0
0
28,562
0
28,562
0
0
0
28,562
0
28,562
-14,125
0
-14,125
-14,125
0
-14,125
19,858
0
19,858
5,733
0
5,733|**Total**
**2024**
8,769
3,741
78
307|
||**2**
**3**
**FOR**|||
||||12,895|
||||750
28,671
0|
||||29,421|
||||-16,526|
||||-16,526
36,384|
||||19,858|
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**||||||Page 5|
|---|---|---|---|---|---|---|
|**BALANCE SHEET AS AT 31 MARCH 2025**||**Unrestricted**|**Restricted**||**Total**|**Total**|
|||**Funds**|**Funds**||||
||**Notes**|**2025**|**2025**||**2025**|**2024**|
|**FIXED ASSETS**|||||||
|Tangible Assets|**6**|217||0|217|271|
|**CURRENT ASSETS**|||||||
|Debtors: Amounts due within 1 year||0||0|0|0|
|Cash at bank and in hand||5,616||0|5,616|19,687|
|||5,616||0|5,616|19,687|
|**CREDITORS:**|||||||
|**Amounts falling due within one year**|**7**|100||0|100|100|
||||||||
|**NET CURRENT ASSETS**||5,516||0|5,516|19,587|
||||||||
|**TOTAL ASSETS LESS CURENT LIABILITIES**||5,733||0|5,733|19,858|
|**FUNDS OF THE CHARITY**|||||||
|Unrestricted Funds||5,733||0|5,733|19,858|
|Restricted Income Funds||0||0|0|0|
|**TOTAL FUNDS**||5,733||0|5,733|19,858|
These financial statements were approved by the Trustees on 23rd January 2026 and signed on their behalf by:
Derek Price - Trustee
Page 6
**3**
## **TIMES OF REFRESHING MINISTRIES**
## **NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025**
## 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**
## **ANALYSIS OF INCOMING RESOURCES**
|**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
Redecoration
Hospitality
Insurance
Subscriptions
Travel and subsistence
Computer and IT costs
Depreciation
Miscellaneous
Bank fees|**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**2025**
**2025**
**2025**
**£**
**£**
**£**
8,058
0
8,058
1,901
0
1,901
9,960
0
9,960
3,303
0
3,303
3,303
0
3,303
1,080
0
1,080|**Total**
**2024**
**£**
6,597
2,172|
|---|---|---|
|||8,769|
|||3,741|
|||3,741|
|||0|
||1,080
0
1,080|0|
||**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**2025**
**2025**
**2025**
**£**
**£**
**£**|**Total**
**2024**
**£**|
||0
0
0|750|
||14,195
0
14,195
1,255
0
1,255
2,812
0
2,812
220
0
220
3,962
0
3,962
553
0
553
82
0
82
132
0
132
1,756
0
1,756
818
0
818
264
0
264
199
0
199
2,158
0
2,158
0
0
0
54
0
54
20
0
20
82
0
82
28,562
0
28,562|15,419
1,255
5,550
320
3,422
0
236
255
0
0
236
192
1,257
130
68
249
82|
|||28,671|
|**TIMES OF REFRESHING MINISTRIES**
**NOTES TO THE FINANCIAL STATEMENTS**
**YEAR ENDED 31 MARCH 2025**
**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**2025**
**2025**
**2025**
**£**
**£**
**£**
**4**
**PAID EMPLOYEES**
Gross wages and benefits in kind including
15,450
0
15,450
NIC'er and pension
15,450
0
15,450
The average number of full time equivalent employees in the year:
Charitable Activities
1
Governance
1
**5**
**DONATIONS**
**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**2025**
**2025**
**2025**
**£**
**£**
**£**
0
0
0
0
0
0
**6**
**TANGIBLE ASSETS**
**Office**
**Equipment**
**£**
At 1st April 2024
14,527
Additions
0
Disposals
0
At 31st March 2025
14,527
**DEPRECIATION**
At 1st April 2024
14,256
Charge for the year
54
Disposals
0
At 31st March 2025
14,310
**NET BOOK VALUE**
At 31st March 2025
217
At 31st March 2024
271
**2025**
**£**
**7**
**CREDITORS: Amounts falling due within one year**
Accruals and deferred income
100
**8**
**RESTRICTED INCOME FUNDS**
**Funds held**
0|Page 7
**Total**
**2024**
**£**
15,419|
|---|---|
||15,419|
||**Total**
**2024**
**£**
0|
||0|
||**2024**
**£**|
||100|
|||