CAST MINISTRIES TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their report and the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORPI "Accounting and Reporting by Charities (FRS 102) in preparing the annual report and financial statements of the charity. The financial statements have been prepared in accordance with the accounting policies set out in the notes to the financial statements and applicable accounting standards, Accounling and Reporting by Charities.. Statement of Recommended Practice applicable to charilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102}, the charity's governing documenl, the Charities Act (Northem Ireland} 2008, Charities Act (Northern Ireland) 2013, The Charities (Accounts and Reports) Regulations (Northern Ireland) 2015, Companies Act 2006 and UK Generally Accepted Practice. Objectives and activities Public benefit The trust of CAST Minislries confirm that they have had due regard for the guidance produced on Public Benefit by Ihe Charity Commission for Northern Ireland, and are pleased to report that during 202312024 the trusl has continued to provide Public Benefi15 through the programmes and services we offer. Activities The principal activity of the trust is the formation and delivery of personal, social and failh development programmes for both formal and informal education conlexts. The aim of Ihe trust is to equip participants with the life skills necessary to cultivate personal and relational responsibility that will enable them to contribute to the well being of their Gommunity. The trust works actively to instigate and promote peace building and is informed by an inclusive Chrislian elhos. Achievements and performance Significanl activities and achievements against objectives Total income for the year was £88,302 {2023'. £95,911). Donations income amounted to £71,127 {2023.-£66,641), income from charitable activities amounted to £17,175 (2023.. £29,231 J and other income amounted to £Nil (2023.. £39) Total expenditure for the year amounted to £93,757 (2023.. £100,228). The cost of charitable activities amounted to £93,757 {2023.' £100,228). Net expenditure for the year amounted to £5,455 {2023'. £4,316 net expenditure} consisting of unrestricted net expenditure of £9,488 (2023.. 3,424 net expenditure) and reslricled net income of £4,033 {2023'. £892 net expendilurel. At close of business on 31 st March 2024 Cast had a bank balance of £22,183, equivalent to 4 months of Core Costs which is in keeping with recommendations from Ihe Charities Commission Nl regarding operational reserves. Furthermore, we have secured a regular monthly donor income of £2,400 moving into 24125 exclusive of Gift Aid, Charitable Service income is conservatively forecast @ £25,000 with Grant income forecast at £20,000. These figures give the trustees confidence that Cast can continue lo operate. Cast is celebrating a number of highlights Ihis year, including-. Supporting Youth Workers through Iraining and mentoring in east and west Belfast to remain in the field equipped to deal with anxiety. stress and vicarious trauma. 630 counselling appointments were offered in 23124, helping clients overcome depression, anxiety, trauma, family dysfunction, self-harm and suicidal ideation. Worked with 500 school pupils on Personal, Social and Faith Development programmes. Produced two teaching videos on creative communication tools as a free fesource and they've been viewed 1500 times over the last few months. Provided Training and Consultancy to Ihree nalional and internalional ministries equipping them to refine their message, identify their target audiences and L¢tilise technology to better achieve their aims. Continued to develop the studio as a creative hub for producing personal and faith development resources for use online. Financial review CAST MINISTRIES TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Reserves policy It is the policy of the charily to maintain free reserves which matches the needs of the trust, both at the current time and in the foreseeable future. This provides sufficient funds to cover running costs which include managemenl, administration and support costs. Free reserves are those unrestricted reseNes not designaled nor invested in fixed assets which are available for general use. As at 31 March 2024, the charity has carried forward balances on its funds as follows.. unrestricted funds £24,473 (2023: £33,961) and restricted funds £8,150 {2023.' £4,117). Funding The principal funding is from donations Plans for future periods Cast ministries will continue lo impact on young people and their leaders via locally or nationally hosted programmes of events which will facilitate their personal, social and faith development. We will focus on the following.. Refine the 4Cs approach for Cast in our areas of expertise - Consultancy, Counselling, Coaching and Creative Communication in line with Ihe outcomes of the informal consultancy process undertaken Ihroughout 23124. Increase our capacity to offer technical and personal development support to individuals and other organisations by producing 2 more resources accessible online. Schedule 8 videos of "faith friend" stories to be recorded in 24125. Continue to foster positive relations with YouthLink, Youth Initiatives, Links, Alpha Nl. Tine, etc as partners in faith ventures and youthwork. Develop the camp theme for summer 2024 for 300 young people in Newtownards. Structurej governance and management The organisalion is a charitable trust constituted under a trust deed dated 31 March 1999, which is recognised as a charity with the Charity Commission for Northern Ireland. The trustees who served during the year and up to the date of signature of the financial statements were: Mr T Carey Fr. C Dallat Mrs B Dick Dr T Mccourt Mr F Mcmorrow Recruitment and appointment of trustees The present trustees have been involved in Ihe Gharily for a number of years and so are familiar with its work. The trustees regularly review the requirements of the charity and the possibility of a need for additional trustees. Any new trustees would be appointed by resolution of a meeting of all trustees passed by a majority of those present. Appropriate training and induction is available lo all trustees. Risk management The trustees have assessed the major risks to which the charity is exposed, in particular those rdaled to the operations and finances of the Charity, and are satisfied that systems are in place to mitigate an exposure to major risks. Vvhere appropriate, systems or procedures have been established to mitigate the risks the charity faces. Internal control risks are minimised by the implementation of procedures for authorisation of all transactions and projects. Procedures are in place lo ensure compliance with health and safety of staff, volunteers, clients and visitors. These procedures are periodically reviewed at least annually to ensure that they conlinue to meet the needs of the charity. CAST MINISTRIES TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Organisational slructure Cast Ministries has a management committee of 5 members who meet regularly and are responsible for the strategic direction and policy of the charity. Statement of responsibilities of the trustees The charity's trustees are responsible for preparing Ihe Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Slandards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in Northern Ireland requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and applicalion of resources of the charity for that period. In preparing these financial statemenls, the trustees are required to.. • select suitable accounting policies and then apply them consistenlly, observe the methods and principles in the Charities SORP 2019 (FRS 102), make judgemenls and eslimates that are reasonable and prudent, state whether applicable accounting standards have been followed, subject to any malerial departures disclosed and explained in the financial statements, prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation. The trustees are responsible for keeping proper accounting records Ihat disclose with reasonable accuracy al any time the financial position of the charily and enable Ihem to ensure that the financial statements comply with the Charities Act (Northern Ireland) 2008, the Charities (Accounts and Reports) Regulations (Northern Ireland) 2015 and the provisions of the trust deed. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and dele¢tion of fraud and other irregularities. The trustees, report was approved by the Board of Trustees. Mr T Carey Trustee Date..