TERAPIA
Financial health, per its FY2024 accounts
The accounts state that total incoming resources were £1,522,445 against expenditure of £1,566,212, resulting in a net deficit for the year. The trustees report that unrestricted funds stood at £420,694, which is above their stated policy target of three months of average operating costs, and they maintain a reasonable expectation of adequate resources to continue in operational existence.
What the accounts disclose
“The trustees have established a policy whereby the charitable company aspires to maintain unrestricted funds equivalent to at least three months of average operating costs.” — page 5
“J Block, a previous trustee of Terapia and spouse of a member of key management, is also a director and shareholder of Head Teacher Research Limited. During the year ended 31 December 2024 the charitable company paid £6,289 (2023: £6,005) for supplies and services from Head Teacher Research Limited.” — page 30
“N Rolli, a trustee of Terapia, provided teaching to two groups of students. During the year she received £1,700 (2023: £2,771) for services rendered.” — page 30
“J Block, a previous trustee of Terapia and spouse of a member of key management, is also a director and shareholder of Head Teacher Research Limited. During the year ended 31 December 2024 the charitable company paid £6,289 (2023: £6,005) for supplies and services from Head Teacher Research Limited.” — page 30
“N Rolli, a trustee of Terapia, provided teaching to two groups of students. During the year she received £1,700 (2023: £2,771) for services rendered.” — page 30
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Dipen Shahchair
- Richard Alberto
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.5m | £1.6m |
| 31/12/2023 | £1.7m | £1.4m |
| 31/12/2022 | £1.3m | £1.3m |
| 31/12/2021 | £1.3m | £1.2m |
| 31/12/2020 | £987k | £936k |
Common questions
Is TERAPIA financially healthy?
The accounts state that total incoming resources were £1,522,445 against expenditure of £1,566,212, resulting in a net deficit for the year. The trustees report that unrestricted funds stood at £420,694, which is above their stated policy target of three months of average operating costs, and they maintain a reasonable expectation of adequate resources to continue in operational existence. Its FY2024 accounts were audited by TC Group.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 03/12/2014 | £1.1m | "The Bothy, imaginative use of listed building to create a centre of excellence for childrens' psychotherapeutic services" |