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2023-06-30-accounts

REGISTERED COMPANY NUMBER: 02992393 (England and Wales) REGISTERED CHARITY NUMBER: 1042386

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

GOOD NEWS FAMILY CARE (HOMES) LTD.

Bright Partnership Limited

1 Park Street Macclesfield Cheshire SK11 6SR

GOOD NEWS FAMILY CARE (HOMES) LTD.

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

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Page
Report of the Trustees 1 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7 to 8
Notes to the Financial Statements 9 to 19
Detailed Statement of Financial Activities 20 to 21
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GOOD NEWS FAMILY CARE (HOMES) LTD.

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Our Vision

Good News Family Care (Homes) Ltd is a Christian based registered charity that exists to show God's love in practical ways through a wide range of approaches that aim to reach the whole family.

Our vision is to bring the hope that encourages, motivates and empowers people for real and lasting change; to break cycles of abuse and addiction; to foster the development of strong supportive relationships.

Our Mission

GNFC seeks to create a sense of family and belonging that offers opportunities for hurting people to take risks in a safe, secure and accepting space, where to fail is an opportunity to learn and to grow.

The Board of Trustees and Senior Management Team work closely together to oversee and administer the operations of the charity in compliance with all regulatory requirements.

The aims and objectives of GNFC

The GNFC (Homes) Limited Deed of Memorandum, states our objectives as follows:

~ To enhance the development and education of children under statutory school age and of school age by providing for the needs of such children through community groups.

Faith Statement

Throughout GNFC, prayer is integral to every part of the organisation, our work, life and decisions. We seek to be led and guided by the Holy Spirit and underpin our ministry by the Bible.

  1. One God in three persons: Father, Son and Holy Spirit; the Creator and sustainer of all life.

  2. The deity of Christ, the Son of God. His birth of a virgin, His sinless humanity, His atoning death on the cross, His bodily resurrection, ascension and present intercession for those who believe.

  3. The Bible as God’s inspired word, being the final authority on all things, and His revelation of Himself to mankind.

  4. The intrinsic worth of every human being. We are made in the image of God and for the glory of God and therefore every person must be valued and esteemed.

  5. The need for repentance for sin and a New Birth by the Holy Spirit, the justification of the sinner only by the grace of God through faith in Christ, and the sanctifying work of the Holy Spirit in the life of those who have faith.

  6. The resurrection of all mankind, for judgement by Christ at His future visible return in power and glory.

  7. The underlying theological basis of the work of Good News Family Care is the belief that all people are made in God’s image and are objects of His love. Therefore, every human being should be treated with dignity, respect and love. (See Genesis 1:26-27. 5:1-2 and 1 John 4:19-21).

As a Christian charity our faith is foundational to the way we work and is why we do what we do. All people who meet our eligibility criteria are welcome to access the services we provide regardless of their religion or status. We do not discriminate against any individual on the basis of age, disability, gender reassignment, marital or civil partner status, pregnancy or maternity, race, colour, nationality, ethnic or national origin, religion or belief, sex or sexual orientation (referred to as protected characteristics). We do not impose our faith on our service users - they are free to choose and express their own views within our services - our charity is open to all. In keeping with the 12- Step Recovery Programme, faith is a component of recovering from addiction and trauma and so views on spirituality are discussed and explored as part of the programme and is relevant to everyone.

Page 1

GOOD NEWS FAMILY CARE (HOMES) LTD.

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023

OBJECTIVES AND ACTIVITIES

Public benefit

We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities.

Our service provision benefits people from Derbyshire and across the UK. Specifically, through provision of emergency and refuge residential facilities for women and their children; services for young adults and people who are marginalised (male and female), such as those with mental health issues, ex-offenders, young people at risk of offending, people at risk of or recovering from drug and alcohol misuse.

Service users in our residential services are primarily women (and their children), struggling with multiple needs such as: fleeing, or needing to recover from domestic abuse; substance misuse addiction; struggling with mental health, complex needs. At any given time, they may include individuals on completion of a sentence, long-term and often generationally unemployed individuals suffering from destructive/debilitating lifestyles, individuals suffering from low self-esteem, those with co-dependency issues, individuals who are self-harming. Many service users are poly drug users with complex needs also diagnosed with mental health issues including bi-polar, depression, panic attacks and anxiety.

People who are long-term and often generationally unemployed benefit from our skills development work-like activities. Community wide public benefit is achieved through reduction in crime and in the cost of public services including health services.

GNFC fulfils public benefit through:

~ The provision of refuge accommodation for women from 18 years who are fleeing domestic and/or sexual abuse and providing victim protection with holistic support. Our approach promotes the development and strengthening of family bonds - whenever possible with the whole family. When appropriate we offer mediation and advocacy between the victim and perpetrator, recognising the priority of risk assessment and risk management. Addressing problem drinking in young mothers and challenging substance misusing life-styles. Providing courses and interventions to empower women to grow in confidence, make wise choices and point the way for a greater capacity to manage relational conflict, also reducing the effect of alcohol misuse within the family, thereby decreasing crime and disorder and reducing the number of repeat incidences of abuse. Parenting programmes and support facilitate development of skills and appropriate authority within the family. These aid the parent/child relationship and help protect against the formation of behavioural problems in children and potential entry into crime in the future, which contributes to meeting the targets of the government Troubled Families Programme.

~ Homeless facilities are provided to the local authority and beyond Derbyshire.

~ Care Quality Commission regulated residential services that support people in their recovery from substance misuse, promoting an abstinent lifestyle that is free from crime, strengthens family life and contributes to the local community and society.

~ Day care services that provide person centred tailored support for as long as required within the community, supporting beneficiaries to sustain their recovery and sobriety and avoid a return to crime, providing certificated education and work-like experience for people who are generationally unemployed.

~ Partnership with local agencies and forums to shape future services, protect children and vulnerable adults from abuse, reduce domestic abuse and addiction and promote caring family values in our society.

Page 2

GOOD NEWS FAMILY CARE (HOMES) LTD.

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023

ACHIEVEMENT AND PERFORMANCE

Events

Our annual celebration and thanksgiving event was able to take place for the first time following the Covid 19 outbreak. It was a joyous time of celebration of God's faithfulness and in welcoming long-term and new supporters to celebrate with us. This was followed by a short member's meeting. The next members meeting was planned for April 15 2024. The summer garden party was able to take place with a smaller than usual group of people attending as the weather was not so good.

The Family Centre was again full to capacity for most of the year. Staff levels are a challenge as there has been difficulty in recruiting appropriate staff member following one couple feeling that it was the right time to move on. We are blessed however in having four Brazilian young people in the team on Religious Worker visas. It is also the first time that we have recruited married couples. Claudio and Jessica joined us in April 2022 and more recently in April of this year Rafael and Larissa arrived from Brazil. They are a great asset in supporting the team both at Charis House and Rafael and Larissa are with us to mainly support the work at the farm.

Beneficiaries

The total number of residents in the period from July 2022 to June 2023 was 27 men, women and children.

Ongoing support provided for 48 ex-residents and community members (adults and children).

Financial Support

We were successful in procurement tenders during the financial year which has resulted in payments for our services from government both for our residents fleeing domestic abuse and for women accessing the Recovery Centre. This has enabled us to support our beneficiaries much more effectively throughout the year. Our very committed supporters have also continued to provide both prayer and financial support despite the current financial climate for which we are exceedingly grateful. We know that without the ongoing support from these committed people who give sacrificially and also keep us in their prayers, GNFC would not have survived for now almost 29 years.

We are also extremely grateful to charitable funders for the support we have received this year. This helps us maintain the high level of support that is required to meet the demands of each day. We are looking out for further government grants and believe that there are to be further tenders released this autumn. These are to include the two primary areas of our ministry, specifically for the support of women and children fleeing domestic abuse and substance misuse recovery support. The inclusion and emphasis on children as victims of domestic abuse in their own right is a new government initiative which is most welcome. We are also now able to provide accommodation support for men fleeing abuse and have set up the rental of an apartment close to our main premises to provide accommodation for up to four men at any time which is being well used.

FINANCIAL REVIEW

Financial and Operational Review

In recent years we have addressed how our finances are recorded and monitored to make them more reflective of how our work has developed over the past few years. The purpose was to ensure that our financial management processes are transparent, that grants and donations can be easily identified and that the cost of our different areas of work can be readily assessed for budgeting purposes. Our operations are now more clearly identified and targets and outcomes are able to be accurately measured in a way that is meaningful to funding bodies and to our supporters.

Investment policy and objectives

At the current time the Directors consider it inappropriate to seek to invest with the exception of investment in property and fixtures & fittings that are specifically needed for the continued provision of the services we offer to fulfil our objectives.

Reserves Policy

The Directors consider it is appropriate to seek to maintain an unrestricted reserve for the future sufficient to cover three months outgoings. Unfortunately, whilst every effort has been made to follow this policy, it has not been possible as unrestricted income has dropped slightly. The Directors do however feel that there has to be a caveat such that, if in seeking to maintain this level of reserves the service we provide would be drastically reduced or curtailed, the Policy would need an immediate rethink with the necessary actions being decided upon depending on circumstances at that time.

Our Finance Team proposed that monies should be set aside each month for various areas of known funds required to be paid at certain times, including payments on the purchase of Oldfield Farm. This is to ensure that there are allocated funds available as and when needed. This policy was agreed by the directors of the company and has proven to be a positive step.

Going concern

Good News Family Care (Homes) Ltd is to continue as a going concern.

Page 3

GOOD NEWS FAMILY CARE (HOMES) LTD.

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 JUNE 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Organisational structure

Current Management Team Members

Hazel Guest - Charity Manager Annette Horsfield - Recovery & Outreach Services Manager Joylyn McDonald-Harris - Family Centre Manager Rebekah Lees - Administrative Manager

Charity Trustees (Directors of the Limited Company)

The Board of Trustees (Directors) has remained stable over the course of the past year. The Board oversees the finances of the charity through quarterly face to face Trustee Meetings overseeing the work and direction of the charity. As many agencies we were able to maintain our regular meetings during lockdown via video using Teams/Zoom. This method has been helpful at times when it has been difficult for trustees who live considerable distances from our centre to contribute to regular communications. The directors seek to recruit additional members to the team as required in order to bring identified additional skills to the Board.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

02992393 (England and Wales)

Registered Charity number 1042386

Registered office

Charis House Hardwick Square East Buxton Derbyshire SK17 6PT

Trustees

Mrs H M Guest Dr M F Horsfield (resigned 1.9.22) Mrs B Wallington P Raggett

Company Secretary

R Guest

Independent Examiner

N A Kennington Bright Partnership Limited 1 Park Street Macclesfield Cheshire SK11 6SR

Approved by order of the board of trustees on 27 March 2024 and signed on its behalf by:

Mrs H M Guest - Trustee

Page 4

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GOOD NEWS FAMILY CARE (HOMES) LTD.

Independent examiner's report to the trustees of Good News Family Care (Homes) Ltd. ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2023.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

N A Kennington The Institute of Chartered Accountants in England and Wales

Bright Partnership Limited 1 Park Street Macclesfield Cheshire SK11 6SR

27 March 2024

Page 5

GOOD NEWS FAMILY CARE (HOMES) LTD.

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2023

2023
Unrestricted
Restricted
Total
funds
funds
funds
Notes
£
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
65,428
83,766
149,194
Charitable activities
4
Nursery
13,101
-
13,101
Intensive Housing
172,840
-
172,840
Dispersed Housing
60,381
-
60,381
Recovery
-
-
-
Non Residential Services
34,260
-
34,260
Investment income
3
654
-
654
Other income
-
-
-
Total
346,664
83,766
430,430
EXPENDITURE ON
Raising funds
5
240
-
240
Charitable activities
6
Nursery
65,170
1,249
66,419
Intensive Housing
155,970
28,487
184,457
Dispersed Housing
52,266
-
52,266
Recovery
24,111
21,688
45,799
Non Residential Services
74,817
3,683
78,500
Total
372,574
55,107
427,681
NET INCOME/(EXPENDITURE)
(25,910)
28,659
2,749
Transfers between funds
21
5,362
(5,362)
-
Net movement in funds
(20,548)
23,297
2,749
RECONCILIATION OF FUNDS
Total funds brought forward
185,043
326,371
511,414
TOTAL FUNDS CARRIED FORWARD
164,495
349,668
514,163		 2022
Total
funds
£
193,567
26,701
160,906
55,633
16,246
26,781
34
2,913
482,781
215
61,204
193,530
42,293
55,935
98,557
451,734
31,047
-
31,047
480,367
511,414

The notes form part of these financial statements

Page 6

GOOD NEWS FAMILY CARE (HOMES) LTD.

BALANCE SHEET 30 JUNE 2023

Notes
FIXED ASSETS
Tangible assets
12
CURRENT ASSETS
Debtors
13
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
14
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS
Amounts falling due after more than one year
15
ACCRUALS AND DEFERRED INCOME
19
NET ASSETS
FUNDS
21
Unrestricted funds:
General fund
Emergency allocation fund
Insurance Allocation
Oldfield Purchase Allocation
Restricted funds:
Oldfield Purchase Fund
Residents project
Skills fund ( tools)
Fixed asset expenditure
MCHLG Fund
Recovery Work Fund
Refurbishment
Religious Worker Fund
Covid grants fund
Police money
Community Covid Fund
Infection control
Rapid testing
Non Residential Services (Grants)
Boiler Fund
Grants& donations for client wellbeing
TOTAL FUNDS		 2023
£
832,902
44,980
78,041
123,021
(84,881)
38,140
871,042
(356,879)
-
514,163
134,739
356
14,400
15,000
164,495
1,204
363
181
235,088
103,115
1,928
422
67
-
1,857
1,493
129
1,684
183
960
994
349,668
514,163		 2022
£
833,898
66,577
55,922
122,499
(90,272)
32,227
866,125
(347,211)
(7,500)
511,414
165,183
4,860
12,000
3,000
185,043
-
393
699
237,056
75,746
-
788
67
130
2,327
2,447
1,271
1,684
263
3,500
-
326,371
511,414

The notes form part of these financial statements

continued...

Page 7

GOOD NEWS FAMILY CARE (HOMES) LTD.

BALANCE SHEET - continued 30 JUNE 2023

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 27 March 2024 and were signed on its behalf by:

H M Guest - Trustee

The notes form part of these financial statements

Page 8

GOOD NEWS FAMILY CARE (HOMES) LTD.

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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|||| |---|---|---| |-| |Fixtures and fittings|25% on reducing balance| |Motor vehicles|-|25% on reducing balance|

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Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. DONATIONS AND LEGACIES

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|||| |---|---|---| |2023|2022| |£|£| |Donations|39,442|61,844| |Gift aid|7,550|6,858| |Grants|102,202|124,865| |149,194|193,567| |Grants received, included in the above, are as follows:| |2023|2022| |£|£| |Other grants|102,202|124,865|

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For the year ended 30 June 2022, grants include Government "Kickstart" Support of £16,677. No such grants were received in the year ended 30 June 2023.

continued...

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GOOD NEWS FAMILY CARE (HOMES) LTD.

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023

3. INVESTMENT INCOME

Deposit account interest
INCOME FROM CHARITABLE ACTIVITIES
Activity
Nursery income
Nursery
Service charges
Intensive Housing
Rent
Intensive Housing
Rent
Dispersed Housing
Care income
Recovery
Rent
Recovery
Service charges
Non Residential Services
Projects income
Non Residential Services
RAISING FUNDS
Raising donations and legacies
Fundraising costs
CHARITABLE ACTIVITIES COSTS
Nursery
Intensive Housing
Dispersed Housing
Recovery
Non Residential Services
SUPPORT COSTS
Nursery
Intensive Housing
Dispersed Housing
Recovery
Non Residential Services		 2023
£
654
2023
£
13,101
10,190
162,650
60,381
-
-
26,542
7,718
280,582
2023
£
240
Support
Direct
costs (see
Costs
note 7)
£
£
65,169
1,250
183,304
1,153
51,290
976
35,268
10,531
77,490
1,010
412,521
14,920
Governance
Finance
costs
£
£
-
1,250
-
1,153
-
976
9,468
1,063
-
1,010
9,468
5,452		 2022
£
34
2022
£
26,701
10,136
150,770
55,633
5,737
10,509
14,792
11,989
286,267
2022
£
215
Totals
£
66,419
184,457
52,266
45,799
78,500
427,441
Totals
£
1,250
1,153
976
10,531
1,010
14,920

4. INCOME FROM CHARITABLE ACTIVITIES

5. RAISING FUNDS Raising donations and legacies

6. CHARITABLE ACTIVITIES COSTS

7. SUPPORT COSTS

continued...

Page 10

GOOD NEWS FAMILY CARE (HOMES) LTD.

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023

8. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

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|||| |---|---|---| |2023|2022| |£|£| |Depreciation - owned assets|6,036|4,155| |-| |Surplus on disposal of fixed assets|(2,913)|

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9. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 June 2023 nor for the year ended 30 June 2022.

Trustees' expenses

Trustee expense of £86 were reimbursed during the year ended 30 June 2023 (2022 - £Nil).

10. STAFF COSTS

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|||| |---|---|---| |2023|2022| |£|£| |Wages and salaries|269,708|286,423| |269,708|286,423| |The average monthly number of employees during the year was as follows:| |2023|2022| |Non Residential Services|3|3| |Nursery|5|5| |Intensive and Dispersed Housing Support|5|4| |Recovery Residential Support Workers|2|3| |Administration|2|2| |Maintenance|2|2| |19|19|

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No employees received emoluments in excess of £60,000.

11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

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||||| |---|---|---|---| |Unrestricted|Restricted|Total| |funds|funds|funds| |£|£|£| |INCOME AND ENDOWMENTS FROM| |Donations and legacies|59,107|134,460|193,567| |Charitable activities| |-| |Nursery|26,701|26,701| |-| |Intensive Housing|160,906|160,906| |-| |Dispersed Housing|55,633|55,633| |-| |Recovery|16,246|16,246| |Non Residential Services|26,781|-|26,781| |Investment income|34|-|34| |Other income|2,913|-|2,913| |Total|348,321|134,460|482,781|

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continued...

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GOOD NEWS FAMILY CARE (HOMES) LTD.

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023

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11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
funds funds funds
£ £ £
EXPENDITURE ON
Raising funds 215 - 215
Charitable activities
Nursery 60,520 684 61,204
Intensive Housing 155,650 37,880 193,530
Dispersed Housing 39,920 2,373 42,293
Recovery 35,432 20,503 55,935
Non Residential Services 77,242 21,315 98,557
Total 368,979 82,755 451,734
NET INCOME/(EXPENDITURE) (20,658) 51,705 31,047
Transfers between funds (2,609) 2,609 -
Net movement in funds (23,267) 54,314 31,047
RECONCILIATION OF FUNDS
Total funds brought forward 208,310 272,057 480,367
TOTAL FUNDS CARRIED FORWARD 185,043 326,371 511,414
12. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£ £ £ £
COST
At 1 July 2022 803,236 62,118 22,199 887,553
Additions - 5,040 - 5,040
At 30 June 2023 803,236 67,158 22,199 892,593
DEPRECIATION
-
At 1 July 2022 51,813 1,842 53,655
-
Charge for year 3,024 3,012 6,036
At 30 June 2023 - 54,837 4,854 59,691
NET BOOK VALUE
At 30 June 2023 803,236 12,321 17,345 832,902
At 30 June 2022 803,236 10,305 20,357 833,898
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continued...

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GOOD NEWS FAMILY CARE (HOMES) LTD.

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023

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13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 16,679 36,498
Prepayments and accrued income 28,301 30,079
44,980 66,577
14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Finance leases (see note 17) 40,300 40,500
Trade creditors 31,594 32,159
-
Social security and other taxes 5,049
Accruals and deferred income 12,987 12,564
84,881 90,272
15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Other loans (see note 16) 9,000 9,000
Finance leases (see note 17) 347,879 338,211
356,879 347,211
16. LOANS
An analysis of the maturity of loans is given below:
2023 2022
£ £
Amounts falling due in more than five years:
Repayable otherwise than by instalments:
Other loans more 5yrs non-inst 9,000 9,000
17. LEASING AGREEMENTS
Minimum lease payments under finance leases fall due as follows:
Finance leases
2023 2022
£ £
Net obligations repayable:
Within one year 40,300 40,500
Between one and five years 171,500 172,500
In more than five years 176,379 165,711
388,179 378,711
----- End of picture text -----

continued...

Page 13

GOOD NEWS FAMILY CARE (HOMES) LTD.

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023

18. SECURED DEBTS

The following secured debts are included within creditors:

Other loans
Finance leases		 2023
£
9,000
388,179
397,179		 2022
£
9,000
378,711
387,711

The lease agreement is secured on the asset leased.

The terms of the loan are to pay 10% of the outstanding balance each year including the annual interest charge of 2.5% of the balance at the year end.

The charity, by agreement with the lessor, made no repayments towards the outstanding balance of the lease agreement in the year ended 30 June 2023. The charity paid down £50,000 in the year ended 30 June 2022.

19. ACCRUALS AND DEFERRED INCOME

Accruals and deferred income
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted
Restricted
funds
funds
£
£
Fixed assets
202,135
630,767
Current assets
6,473
116,548
Current liabilities
(35,113)
(49,768)
Long term liabilities
(9,000)
(347,879)
Accruals and deferred income
-
-
164,495
349,668		 2023
£
-
2023
Total
funds
£
832,902
123,021
(84,881)
(356,879)
-
514,163		 2022
£
7,500
2022
Total
funds
£
833,898
122,499
(90,272)
(347,211)
(7,500)
511,414

20. ANALYSIS OF NET ASSETS BETWEEN FUNDS

continued...

Page 14

GOOD NEWS FAMILY CARE (HOMES) LTD.

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023

21. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Emergency allocation fund
Insurance Allocation
Oldfield Purchase Allocation
Restricted funds
Oldfield Purchase Fund
Residents project
Skills fund ( tools)
Fixed asset expenditure
MCHLG Fund
Recovery Work Fund
Refurbishment
Religious Worker Fund
Covid grants fund
Police money
Community Covid Fund
Infection control
Rapid testing
Non Residential Services (Grants)
Boiler Fund
Grants& donations for client wellbeing
TOTAL FUNDS		 Net
movement
At 1.7.22
in funds
£
£
165,183
2,595
4,860
215
12,000
(28,720)
3,000
-
185,043
(25,910)
-
1,729
393
(30)
699
(518)
237,056
(1,968)
75,746
27,369
-
2,428
788
(366)
67
-
130
(130)
2,327
(673)
2,447
(954)
1,271
(1,142)
1,684
-
263
(580)
3,500
2,500
-
994
326,371
28,659
511,414
2,749		 Transfers
between
funds
At 30.6.23
£
£
(33,039)
134,739
(4,719)
356
31,120
14,400
12,000
15,000
5,362
164,495
(525)
1,204
-
363
-
181
-
235,088
-
103,115
(500)
1,928
-
422
-
67
-
-
203
1,857
-
1,493
-
129
-
1,684
500
183
(5,040)
960
-
994
(5,362)
349,668
-
514,163

continued...

Page 15

GOOD NEWS FAMILY CARE (HOMES) LTD.

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023

21. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Emergency allocation fund
Insurance Allocation		 Incoming
Resources
Movement
resources
expended
in funds
£
£
£
341,789
(339,194)
2,595
4,875
(4,660)
215
-
(28,720)
(28,720)
Restricted funds
Oldfield Purchase Fund
Residents project
Skills fund ( tools)
Fixed asset expenditure
MCHLG Fund
Recovery Work Fund
Refurbishment
Covid grants fund
Police money
Community Covid Fund
Infection control
Non Residential Services (Grants)
Boiler Fund
Grants& donations for client wellbeing		 346,664
(372,574)
(25,910)
1,731
(2)
1,729
-
(30)
(30)
-
(518)
(518)
7,500
(9,468)
(1,968)
67,702
(40,333)
27,369
2,500
(72)
2,428
-
(366)
(366)
-
(130)
(130)
-
(673)
(673)
-
(954)
(954)
-
(1,142)
(1,142)
-
(580)
(580)
2,500
-
2,500
1,833
(839)
994
83,766
(55,107)
28,659
TOTAL FUNDS 430,430
(427,681)
2,749

continued...

Page 16

GOOD NEWS FAMILY CARE (HOMES) LTD.

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023

21. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
Emergency allocation fund
Insurance Allocation
Oldfield Purchase Allocation
Restricted funds
Building Fund
Oldfield Purchase Fund
Residents project
Skills fund ( tools)
Fixed asset expenditure
MCHLG Fund
Recovery Work Fund
Refurbishment
Religious Worker Fund
Covid grants fund
Police money
Foundation Derbyshire
Community Covid Fund
Infection control
Rapid testing
Non Residential Services (Grants)
Boiler Fund
TOTAL FUNDS		 Net
movement
At 1.7.21
in funds
£
£
208,310
(25,518)
-
4,860
-
-
-
-
208,310
(20,658)
15,091
(15,091)
-
23,535
97
296
250
449
190,012
(2,956)
43,621
32,125
1,875
(1,875)
822
(34)
550
(483)
1,895
(1,765)
7,004
15,856
302
(302)
6,735
(1,815)
1,916
(645)
1,887
647
-
263
-
3,500
272,057
51,705
480,367
31,047		 Transfers
between
funds
At 30.6.22
£
£
(17,609)
165,183
-
4,860
12,000
12,000
3,000
3,000
(2,609)
185,043
-
-
(23,535)
-
-
393
-
699
50,000
237,056
-
75,746
-
-
-
788
-
67
-
130
(20,533)
2,327
-
-
(2,473)
2,447
-
1,271
(850)
1,684
-
263
-
3,500
2,609
326,371
-
511,414

continued...

Page 17

GOOD NEWS FAMILY CARE (HOMES) LTD.

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023

21. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Emergency allocation fund		 Incoming
Resources
Movement
resources
expended
in funds
£
£
£
343,461
(368,979)
(25,518)
4,860
-
4,860
Restricted funds
Building Fund
Oldfield Purchase Fund
Nursery equipment fund
Residents project
Skills fund ( tools)
Recovery client fund
Fixed asset expenditure
MCHLG Fund
Recovery Work Fund
Refurbishment
Religious Worker Fund
Covid grants fund
Police money
Foundation Derbyshire
Community Covid Fund
Infection control
Rapid testing
Non Residential Services (Grants)
Boiler Fund		 348,321
(368,979)
(20,658)
3,958
(19,049)
(15,091)
23,614
(79)
23,535
62
(62)
-
425
(129)
296
1,600
(1,151)
449
500
(500)
-
7,500
(10,456)
(2,956)
67,703
(35,578)
32,125
-
(1,875)
(1,875)
600
(634)
(34)
-
(483)
(483)
2,000
(3,765)
(1,765)
21,000
(5,144)
15,856
-
(302)
(302)
-
(1,815)
(1,815)
1,088
(1,733)
(645)
647
-
647
263
-
263
3,500
-
3,500
134,460
(82,755)
51,705
TOTAL FUNDS 482,781
(451,734)
31,047

22. RELATED PARTY DISCLOSURES

A total of £12,306 (2022 £26,648) was donated to the charity by trustees, employees or volunteers in the year. Last year, donations included £10,000 from a trustee with the condition attached that should Oldfield Farm be sold during the lifetime of the trustee, the donation must be repaid.

The home is the residence of some of the employees. The total amount of rental income from employees during the year was £12,509 (2022 £13,360).

Last year a trustee made a loan of £9,000 to the charity. No repayments were made towards this loan during the year.

An employee of the charity, Mr Guest is the spouse of one of the charity's Trustees, Mrs Guest.

continued...

Page 18

GOOD NEWS FAMILY CARE (HOMES) LTD.

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30 JUNE 2023

23. CLIENT ACCOUNT

The charity operates a client bank account and holds money on behalf of the residents. As this is not a charity asset it is not included in these accounts.

Page 19

GOOD NEWS FAMILY CARE (HOMES) LTD.

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2023

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Gift aid
Grants
Investment income
Deposit account interest
Charitable activities
Nursery income
Service charges
Care income
Rent
Projects income
Other income
Gain on sale of tangible fixed assets
Total incoming resources
EXPENDITURE
Raising donations and legacies
Fundraising costs
Charitable activities
Wages
Rent, rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Advertising
Sundries
Food
Household goods
Repairs and renewals
Training
Technology costs
Recovery project costs
Motor and travel expenses
Premises expenses
Bank charges
Registration fees
Bad Debts
Carried forward		 2023
£
39,442
7,550
102,202
149,194
654
13,101
36,732
-
223,031
7,718
280,582
-
430,430
240
269,708
40,271
29,272
24,294
2,985
1,347
625
6,428
2,258
2,002
1,837
3,446
515
-
2,808
7,496
156
2,046
7,030
404,524		 2022
£
61,844
6,858
124,865
193,567
34
26,701
24,928
5,737
216,912
11,989
286,267
2,913
482,781
215
286,423
28,781
29,225
28,399
2,812
1,381
97
7,460
2,271
2,361
4,340
1,070
261
575
3,084
24,421
377
2,217
2,328
427,883

This page does not form part of the statutory financial statements

Page 20

GOOD NEWS FAMILY CARE (HOMES) LTD.

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2023

Charitable activities
Brought forward
Craft
Infection control
Livery and livestock expenses
Depreciation of tangible fixed assets
Support costs
Finance
Farm Lease interest
Governance costs
Accountancy and legal fees
Total resources expended
Net income		 2023
£
404,524
-
1,101
859
6,037
412,521
9,468
5,452
427,681
2,749		 2022
£
427,883
23
64
4,241
4,155
436,366
10,456
4,697
451,734
31,047

This page does not form part of the statutory financial statements

Page 21