TORCH MINISTRIES
Professional counselling & psychotherapy / discipleship & Bible training / women's ministry / media / spiritual development conferences & meetings / consultancy.
Financial health, per its FY2024 accounts
The accounts state that Torch Ministries generated £120,814 in incoming resources and expended £117,152, resulting in a net surplus of £3,662 for the year. Per the trustees' report, unrestricted reserves increased from £3,515 to £7,177, with cash at bank standing at £8,257. The trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“During the financial year Trustee Reverend Samuel Bazmjou received £24,500 (2023:£11,300) for Leadership, Discipleship, Bible Training & Media costs in his capacity as CEO of Torch Ministries in furtherance of the Charity's objects.” — page 12
“During the financial year Mrs Rashin Soodmand-Bazmjou (Wife of Trustee Mr Samuel Bazmjou) received £35,000 (2023:£33,000) for Psychotherapeutic Counselling & Women's Ministry, Media and discipleship costs supplied to Torch Ministries in furtherance of the Charity's objects.” — page 12
“During the financial year Trustee Reverend Samuel Bazmjou received £24,500 (2023:£11,300) for Leadership, Discipleship, Bible Training & Media costs in his capacity as CEO of Torch Ministries in furtherance of the Charity's objects.” — page 12
“During the financial year Mrs Rashin Soodmand-Bazmjou (Wife of Trustee Mr Samuel Bazmjou) received £35,000 (2023:£33,000) for Psychotherapeutic Counselling & Women's Ministry, Media and discipleship costs supplied to Torch Ministries in furtherance of the Charity's objects.” — page 12
“During the financial year Trustee Reverend Samuel Bazmjou received £24,500 (2023:£11,300) for Leadership, Discipleship, Bible Training & Media costs in his capacity as CEO of Torch Ministries in furtherance of the Charity's objects.” — page 12
“During the financial year Mrs Rashin Soodmand-Bazmjou (Wife of Trustee Mr Samuel Bazmjou) received £35,000 (2023:£33,000) for Psychotherapeutic Counselling & Women's Ministry, Media and discipleship costs supplied to Torch Ministries in furtherance of the Charity's objects.” — page 12
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £121k | £117k |
| 31/12/2023 | £67k | £70k |
| 31/12/2022 | £56k | £49k |
| 31/03/2022 | £17k | £62k |
| 31/03/2021 | £80k | £35k |
Common questions
Is TORCH MINISTRIES financially healthy?
Per its FY2024 accounts: The accounts state that Torch Ministries generated £120,814 in incoming resources and expended £117,152, resulting in a net surplus of £3,662 for the year. Per the trustees' report, unrestricted reserves increased from £3,515 to £7,177, with cash at bank standing at £8,257. The trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were independently examined.