Company registralion number.. 02992393 Charity registration number." 1042386 Good News Family Care (Homes) Limited. (A company limited by guarantee} Annual Reportand Unaudited Financial Statements for the Year Ended 30 June 2024 Bright Partnership Limited Suite 1 Armcon Business Park London Road South Poynton Cheshire SK12 1LQ
Good News Family Care (Homes) Limited. Contents Trustee's Report 1to7 Independgnt Examinerfs Report 8t09 Statement of Financial Aclivities 10t0 11 Balan Sheet 12to13 Notes to the Financial Statements 14to23 Detailed Statement of Financial Activities 24to26
Good News Family Care {Homes) Limited. Trustees. Report The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present IheiT report with the financial statements of the charty for the year ended 30 June 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities., Slatement 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 practs'cal ways through a wide range of approaches that aim to reach the whole family. Our vision is to bring the hope Ih8t 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 lo 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 ManagementTeam 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 promote the maintenance of moral and famity welfare, To advance the Christian religion. To advance education. To enhance the development and education of children under statutory school age and of school age by providing for Ihe needs of such children through communty groups. Faith Statement Throughout GNFC, prayer is integral to every part of the organisation, our work, lrfe and decisions. We seek to be led and guided by the Holy Spirit and underpin our rninisty by the Bible. 1. One God in three persons.. Father, Son and Holy Spirit." the Creator and sustainer of all lrfe. 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, forjudgement by Christ at His future visible return in power and glory. 7. The underfying 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). Page 1
Good News Family Care (Homes) Llmlted. Trustees. Report As a Christian charity our faith is foundalional 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 nol discriminate against any individual on the basis of age, disability, gender reassignment, marital or civil partner status. pregnancy or matemity, race, colour. nationality, ethnic or nalional 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. Publlc benefit We have referred to Ihe guidance Gontained in the Charity Commission's general guidance on public benefrt 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, 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 wilh 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 destructiveldebilitating lifeslyles. 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 for men and women from 18 years old. Communty wide public benefit is achieved through reduction in crime and in the cost of public services induding health services. GNFC fulfils public benefit through: The provision of refuge accommodation for women from 18 years who are fleeing domestic andlor sexual abuse and providing victim protection with holistic support. Our approach promotes Ihe 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 parenuchild relalionship and help protect against the fomation of behavioural problems in children and potential entry into Grime in the future, which contributes to meeting the targets of the govemment Troubled Families. Homeless facilities are provided to the local aulhority and beyond Derbyshire. Page 2
Good News Family Care (Homes) Limited. Trustees. Report Our Care Quality Commission regulated residential seNi¢es supports women in their recovery from substance misuse. promoting an abstinent lrfestyle free from crime, strengthening family life and contributing 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 certwFicated education and work-like experience for people who are generationally unemployed. In partnership with local agencies and forums we seek to shape future services to protect children and vulnerable adults from abuse, reduce domestic abuse and addiclion and promote caring family values in our society. ACHIEVEMENT AND PERFORMANCE Events Two new team members arrived towards the latter part of the reporting year from Brazil - a young couple who are here as Religious Workers under the government Sponsor Scheme. They worked alongside team members to learn about the different areas of work that we cover and to help develop their spoken English. although they had worked hard to prepare themselves prior to their arrival. They were quickly able to support existing staff members whilst 'learning the ropes,, helping provide extra support hours to ensure that our residents and outreach participants were well supported throughout the week. We were delighted that once Covid-19 restrictions were lifted we could plan and go ahead with our annual celebration and thanksgiving event. This was a smaller event than previous years but was also broadcasted by a video link for the first time. A smaller version of the summer garden party was held in the autumn when friends old and new gathered in the barn at Oldfield Fami and enjoyed a BBQ. Beneficiaries July 2023 To June 2024 The total numberof Residents from July 1st, 2023, to June 30th, 2024, were 30 adults and 19 children. We also provided ongoing support for several ex-resident families and community members. The numbers are relatively low due to fewer properties being available for our residents to move onto. Some have been with us for far longer than ideal bul the shortage of suitsble properties with the local counGiI tnakes it drficult for them to move on to independent living. Financial Support Grants have continued lo be rnOTe difficult to access over the past year. Funds have particularly been affected by the lack of local government contracts. enlailing a projected shortfall of over £69,000 for tho year. However, an unexpected bequest of slightly over £40.000 was able to be used for many maintenan items which has lessened the shortfall in salaries and general running costs. This has helped in maintaining our residential services and enabled us to continue to support day service beneflar1eS. A small number of very faithful supporters Continue to provide not only financial support but also faithfully pray for our residents and the work of the charity. We are exceptionally gratefvl to these people who have Continued to give despite the very difficult financial situation they face. We are indebted to them and know that without this dedicated support from a comparatively small band of very committed people, GNFC would h8ve been unable lo continue the level of support for both our residentl81 and day service beneficiaries. Page 3
Good News Family Care (Homes) Limited. Trustees, Report Future Proofing Over the past 6 months or so. we have been building a relationship with another Christian based organisation, Green Pastures, toward support to future proof GNFC as the founders move toward retirement. Discussions are going well with the aim of working more closely together over the coming months. Our team are keen to ensure thal this ministry is secured and we are blessed to have capable and envisioned people working within GNFC to help in the process of carying the work forward into the future. This is an important time of transition for GNFC and we have much to thank God for in that newer team members a sharing and lightening the load. We value your prayerful support. parlicularly that we manage this prOsS of change for Ihe nexl phase of thejourney well. It is so important that the people most in need of our support can continue to rely on the provision of a safe and loving home at times of crisis. The need for caring provision for families in need in our society has Gertainly not deGreased over the past almost 30 years but has become increasingly vital. Since the Family Centre has continued at full capacity throughout the year due to a greater demand for places than in previous years, an analysis of the property revealed that it would be possible to create more provision by converting the rooms previously used by nursery. Sadly, our child-Gare provision had to close. This was due lo the decision of a govemment decision to fund primary schools for nursery provision. It is a sad loss to resident families, butalthough we tried to continue a level of childcare through operating a creche for a year, this proved to be financially viable. We continue to provide support to residents in the nearby 2 adjoining flats which we rent in the communty. These are used move-on accommodation fora single woman and a 2-bed flat forwomen and children when it is not appropriate to offer a place at Charis House or when Charis House is full. The flat that we rented to provide accommodation for men fleeing domestic abuse was fully used for approximately 6 months, but it proved difficult to engage with residents despite dedicating a male staff member to the role 3 days each week. It was hoped that the male residents would be empowered to find work, training or participale in our farm-based skills projects, but they were reluctant to engage with this support and didn't get along with each other. so the contract on the propety was ended. Developments The need for a new Recovery Manager is very urgent. One of the current board of directors offered herself to take this role on a temporary basis. Following operating fora few months wilhjust one resident, il became necessary to close Ihe service again until such time as we have gained the required number of staff members to operate. However, so far no-one has been identified to take over this role which is a most urgenl need. In the meantime, we sadly must turn away women who are referred to our'freedom21ive' programme which is designed for women who are caught in addiction and who have come to acknowledge that they need help to overcome it. As Alcoholics Anonymous would slate. it is extremely difficult to break free from addiction without the help of a 'Higher Power,. As residents at Oldfield Farm Gome to know that there is God who loves and cares for them, it is amazing to see the progress that is made. Page 4
Good News Family Care (Homes) Limited. Trustees. Report The farm has benefitted greatly in the last 3 months of the reporting year due to the addition of a new and very experienced farm manager. It's early days. but progress is already being made in improving areas of the farm and planning new projects for our beneficiaries to access. Projectslactivities that had ceased due to lack of expertise are re-opening and new projects are planned. It is hoped that additional beneficiaries from the local community will be able to join in the activities together with our residential beneficiaries. We have been able to increase tha number and breeds of hens and eggs are being sold from the farm, including eggs from our flock of quails. The increase in egg production. together with breeding our own hens and quail on the farm means that the poultry project is once again becoming a contributor to incom8 generation. This together with re-opening the woodwork skills project and horticulture had increased interest in farm activities from both residents and daytime beneficiaries. Financial Review Financial and Operational Revlew In rent 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 thal our financial management processes are transparenl, 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 lo our supporters. Investment policy and objectlves At the current lime the Directors consider it inappropriate to seek to invest with the exception of inveslment in propety and fixtures & fittings that are specifically needed for the wntinued provision of the services we offer to fulfil our objectives. Reserves Poll¢y 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 incorne 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 r8serves the service we provide would be drastically reduced or curtail8d, 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 Ihere 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 concem. Page 5
Good News Family Care (Homes) Limited. Trustees. Report STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The charity is controlled by its goveming document, a deed of trust. and constitutes a limited company. limited by guarantee, as defined by the Companies Act 2006. Organlsatlonal structure Current Management Team Members Hazel Guest Annette Horsfield Joylyn McDonald Rebekah Lees Paul whiOrth Charity Manager Recovery Manager Harris- Family Centre Manager Administrative Manager Farm and Non-Residential Services Manager Charlty 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 Teamslzoom. 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 recwit additional members to the team as required in order to bring identified additional skills to the Board. Reference and Administrative Details Charity Registralion Number: Company Registration Number: 1042386 02992393 The charity is incorporated in England and Wales. Charis House Hardwick Square East Buxton Derbyshire SK17 6PT Registered Office: Independent Examiner: Michael Senior Bright Partnership Limited Suite 1 Armcon Business Park London Road South Poynton Cheshire SK12 1LQ Page 6
Good News Family Care (Homes) Limited. Trustees. Report Trustees and officers The trustees and officers seNing during the year and since the year end were as follows: Twstees: Mrs H M Guest Dr M F A Horsfield (appointed 25 November 2023) Ms J Collier Mrs B M Wallington Secretary: Mr R Guest The annual report was approved by the trustees of the charity on 22nd April 2025 and signed on its behalf Mrs H M Guest Truslee Page 7
Good News Family Care (Homes) Limited. Independent Examiner's Report to the trustees of Good News Family Care (Homes) Limited. ('the Company,) I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2024. 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 examinalion of your charity's accounts as carried oul under section 145 of the Charities Act 2011 {'trie 2011 Act.). In carrying out my examinalion I have followed the Directions given by the Charity Commission under section 145{5){b) of the 2011 Act. Independent examiner's statement Since the Company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of Institute of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confimi 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 Good News Family Care (Homes) Limited. as required by section 386 of Ihe 2006 Act. or 2. the accounts do not accord with those records: or 3, 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 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and porting 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 concems and have come across no other matters in connection with the examination to which atlention should be drawn in this report in order to enable a proper underslanding of the accounts lo be reached. Page 8
Good News Family Care (Homes) Limited. Independent ExamineVs Report to the trustees of Good News Family Care (Homes) Limited. ('the Company.) Michael Senior Institute of Chartered Accountants in England and Wales Suite 1 Armcon Business Park London Road South Poynton Cheshire SK12 1LQ Date.. 22nd April 2025 Page 9
Good News Family Care (Homes) Limited. Statement of Financlal Activities for the Year Ended 30 June 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Restrlcted Fund Total 2024 Total 2023 Note Incorne and Endowments from: Donations and legacies Charitable activities Investment income 153.711 319,404 2,456 55,999 209,710 319,404 2,456 149,194 280,582 654 Total income 475,571 55.999 531,570 430,430 Expenditure on: Raising funds Charitable activities (263) 436,139 (263) 489.310 (240) 427.441 53,171 Total Expenditure 436,402 53,171 489,573 427,681 Net Income Net Movements in fvnds Re¢on¢lllatlon of funds Total Funds brought forward Total funds carried forward 39,169 39,169 2,828 2,828 41,997 41.997 2,749 2.749 164,495 203,664 349,668 352,496 514,163 556,160 511,414 514,163 19 The notes on pages 14 to 24 form an integral part of these fin8ncial statements. Page 10
Good News Family Care (Homes) Limited. (Registration number: 02992393) Balance Sheet as at 30 June 2024 Unrestrlcted Funds Restri¢tod Funds Total 2023 Note Income and Endowments from: Donations and legacies Charitable activities Investment income Total income Expenditure on: Raising funds Charitable activities Total expenditure Net {expenditure)lincome Transfers between funds Net movement in funds Reconclllatlon of funds Total funds brought forward Total funds carried forward 65.428 280,582 654 83.766 149.194 280,582 654 346,664 83.766 430,430 (240) 372,334 372.574 (25.910) 5,362 (20,548) (240) 427.441 427,681 2.749 55,107 55,107 28.659 5.362 23,297 2.749 185.043 164,495 326,371 349,668 511.414 514,163 19 The notes on pages 14 to 24 form an integral part of these financial statements. Page 11
Good News Family Care (Homes) Limited. (Registration number: 02992393) Balance Sheet as at 30 Juno 2024 Note 2024 2023 Fixed assets Tangible assets Current assets Debtors 829,122 832,902 68,046 123,400 191,446 106.625 84,821 913,943 44,980 78,041 123,021 84,881 38.140 871.042 Cash al bank and in hand Croditors ". Amounts Falling due wlthln one year Net Current assets Totsl assets less current liabilities 14 Creditors: Amounts falling due after more than one yèar Net assets 15 {357,783) 556,160 {356,879) 514.163 Funds of the charity: Restricted income funds Restricted funds Unrestricted income funds Unrestricted funds Total funds 19 352,496 349,668 19 203,664 556,160 164,495 514,163 The ¢haritable company is entitled to exemption from audit under section 477 of the Companies Act 2006 for the year ended 30 June 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance wilh the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitsble company The notes on pages 14 to 24 form an integral part of these financial statements. Page 12
Good News Family Care (Homes) Limited. (Registration number: 02992393) Balance Sheet as at 30 June 2024 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 22nd April 2025 and were signed on its behalf by: Mrs H M Guest Trustee The notes on pages 14 to 24 fomi an integral part of these financial statements. Page 13
Good News Family Care (Homes) Llmlted. Notes to the Financial Statements for the Year Ended 30 June 2024 Accounting policies Basis of preparing the financial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102. hav2 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 IFRS 102) (effective 1 January 2019),, Financial Reporting Standard 102 The Financial Reporting Sl8ndard applicable in the UK and Republic of Iland, 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. Expendlture Liabilities are recognised a5 expenditure as soon as there is a legal or constructive obligation committing the charity lo 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 Gost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis con51Stenl with the use of resources. Taxation The charity is exempl from corporation tax on its charitable activities. Tanglble fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful lrfe Depreciation and amortisatlon Asset ¢lass Fixtures and fittings Motor vehicle Depreclation method and rate 25/0 on reducing balance 25Q/o on reducing balance 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. Page 14
Good News Family Care (Homes) Llmlted. Notes to the Financial Statements for the Year Ended 30 June 2024 Donations and Legacies Total 2024 Total 2023 Gift aid Granls Donations 6,261 102.462 100.987 209.710 7,550 102.202 39,442 149,194 other grants 2024 - £102,462 (202& £102.202) Income from charllable activities Totsl 2024 Total 2023 Nursery income - Nursery Service charges - Intensive Housing Rent- Intensive Housing Rent- Dispersed Housing Rent- Recovery Service charges - Dispersal Housing ServiGe Gharges - Non Residential SeiceS Projects income - Non Residential serviGes 2,555 12,358 205,186 70,930 7.324 3.932 10.685 6.434 319,404 13,101 10,190 162,650 60,381 26.542 7.718 280,582 4. Investment Income Total 2024 Total 2023 Deposit account interest 2.456 654 Page 15
Good News Family Care (Homes) Limited. Notes to the Financial Statements for the Year Ended 30 June 2024 5. Raislng Funds Raising donations and logacies Total 2024 Total 2023 Fundraising costs 263 263 240 240 6. Charitable actlvities costs Activty support costs Direct costs 2024 2023 Nursery Intensive Housing Dispersed Housing Recovery Non Residential Services 37.488 243.023 45,382 61,521 85,167 472,581 865 2,000 865 11,919 1,080 16.729 38.353 245,023 46,247 73.440 86,247 489,310 66,419 184.457 52,266 45,799 78.500 427,441 Page 16
Good News Family Care (Homes) Limited. Notes to the Financial Statements for the Year Ended 30 June 2024 7. Analysis of support costs Support costs allocated to ¢harltable adlvities Governance costs Finance costs Total 2024 Total 2023 Intensive Housing Nursery Dispersed Housing Recovery Non residential services 2,000 865 2.000 1,153 1.250 976 865 2.215 1,080 7,025 9.704 11,919 1.080 16.729 10,531 1,010 14,920 9,704 8. Net incomingloutgoing resources Net incoming resources forthe year include: 2024 2023 Depreciation of fixed assets 8,256 6,036 9. Trustees remuneration and expenses There were no trustees. remuneration or other benefi'ts for the year ended 30 June 2024 nor for the year ended 30 June 2023. Trustees, expenses Trustee expense of £Nil were reimbursed during the year ended 30 June 2024 {2023 - £86). Page 17
Good News Family Care (Homes) Limited. Notes to the Financial Statements for the Year Ended 30 June 2024 10. Staff costs The average monthly number of employees during the year was as follows: 2024 2023 No. Non Residential Services Nursery Intensive and Dispersed Housing Support Recovery Residential Support Workers Administration Maintenance 19 19 No employee received emoluments of more than £60,000 during the year. Wages and salarl8S The Wages and salaries received remuneration of £273,295 (2023: £269,708) 11. Tangible fLxed assets Fixtures and fittings Freehold property Motor vehicles Total Cost Al 1 July 2023 Additions 803,236 67,158 4.476 22,199 892.593 4.476 At 30 June 2024 Depreciation At 1 July 2023 Charge for the year At 30 June 2024 803,236 71,634 22,199 897,069 54.837 3.920 4,854 4,336 59,691 8,256 58,757 9,190 67.947 Net book value At 30 June 2024 803,236 803,236 12,877 12,321 13,009 17,345 829,122 832.902 At 30 June 2023 Page 18
Good News Family Care (Homes) Limlted. Notes to the Financial Ststements for the Year Ended 30 June 2024 12. Debtors 2024 2023 Trade debtors Prepayments other debtors 39,760 28,127 159 16,679 28,301 68,046 44,980 13. Cash and cash equivalents 2024 2023 Cash on hand Cash at bank 457 122,943 123,400 509 77.532 78.041 14. Creditors: amounts falling due within one year 2024 2023 Bank loans Trade creditors Accruals 40.100 51.749 14,776 106,625 40.300 31.594 12,987 84.881 15. Secured Debts The lease agreement is secured on the asset leased. The terms of the loan are to pay 100/0 of the outstanding balance each year including the annual interest charge of 2.5D/o of the balance at the year end. The charity, by agreement with the lessor, made no repayments towards Ihe outstanding balance of the lease agreement in either the year ended 30 June 2024 or the year ended 30 June 2023 The following secured debts are included within creditors: 2024 2023 Other loans Finance leases 9,000 388,179 397,179 397.883 397,883 Page 19
Good News Family Care (Homes) Limited. Notes to the Financial Statements for the Year Ended 30 June 2024 16. Creditors: amounts falling due after one year 2024 2D23 Bank loans Other loans 357,783 347,879 9,000 356,879 357,783 17. Loan Included in the Greditors are the following amounts due after more than five years.. 2024 2023 After more than ftve years by instalments 9.000 18. L8aslng Agr88ments Minimum lease payments under finance leases fall due as foll0v. 2024 2023 Within one year In two to five years In over five years (40.100) (170,500) (187.283} (397,883} 140,300) (171,500) (176,379) {388,179) Page 20
Good News Family Care {Homes) Limited. Notes to the Financlal Statements for the Year Ended 30 June 2024 19. Funds Balance at 30 June 2024 Balance at 1 July 2023 Incoming resources Resources expended Transfers Unrestrlcted funds General General fund Emergency allocation fund Insurance Allocation Oldfield Purchase Allocation Legacy Income yet to be Allocated 134,739 356 14,400 15.000 423,892 7,435 {373,329) (43.064) 142,238 7.791 14,400 27.000 (31,064) 31,064 12.000 44.244 32,009 12.235 164,495 475,571 436,402 203,664 Restricted funds Oldfield Purchase Fund Residents project Skills fund (tools) Fixed asset expenditure MCHLG Fund Recovery Work Fund RefUishment Religious Worker Fund Police money Community Covid Fund Infection control Rapid testing Non Residential Services {Grants) Boiler Fund Grants& donations for client wellbeing Tesco Groundwork Equipment and Refurb Gr Salaries Fund (R) Total restrlcted funds 1,204 363 181 235,088 103,115 1.928 422 67 1.857 1,493 129 1,684 3,264 (18) (33) 4,450 330 181 235,088 104,664 1,770 78 67 1,635 1,024 50,777 (49.228) (158) {344) (222) (469) (129) (1,684) 183 (138) (960) 45 994 1,771 (601) 2,164 1,000 1,000 1,000 1,000 349,668 55,999 53,171 352,496 Total funds 514.163 531,571 (489,574) 556,160 Page 21
Good News Family Care (Homes) Limited. Notes to the Financial Statements for the Year Ended 30 June 2024 Balance at 30 June 2023 £{As restated) Balance at 1 July 2022 Incoming resources Resources expended Transfers Unrestricted funds General General fund Emergency allocation fund Insurance Allocation Oldfield Purchase Allocation 165,183 4,860 12,000 3,000 185.043 341,789 4.875 (339,194) (4,660) (28,720) {33,039) (4,719) 31,120 12.000 5,362 134,739 356 14,400 15,000 164,495 346.664 372.574 Restricted 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 servIs (Grants) Boiler Fund 1.731 (2) (30) (518) (9,468) (40,333) (72) {366) (525) 1,204 363 181 235,088 103,115 1,928 422 67 393 699 237,056 75,746 7,500 67,702 2.5LK) (500) 788 67 130 2.327 2,447 1,271 1,684 (130) (673} {954) (1,142) 203 1.857 1,493 129 1,684 263 3,500 {580) 500 (5,040) 183 960 2,500 Grants& donations for client wellbeing Total restricted funds 1,833 (839) 994 326,371 83,766 55,107 5,362 349,668 Total funds 511,414 430,430 427,681) 514,163 Page 22
Good News Family Care (Homes) Limited. Notes to the Financial Statements for the Year Ended 30 June 2024 20. Analysis of net assets between funds Total funds at 30 June 2024 Unrestricted funds Restricted funds Tangible fixed assets Currenl assets Current liabilities 198,355 71,834 (66,525) 630,767 119.612 (40,100) (357.783) 829,122 191,446 (106,625) (357,783) Creditors over 1 year Total net assets 203,664 352.496 556.160 Total funds at 30 June 2023 Unrestrlctsd funds Restricted funds Tangible fixed assets Current assets Current liabilities 202,135 6,473 (35,113) (9,000) 164,495 630,767 116,548 (49,768) 1347,879) 349,668 832.902 123,021 (84,881) (356,879) 514,163 Creditors over 1 year Total net assets 21. Related party transactions A total of £4,800 (2023 £12,306) was donated to the charity by trustees, employees or volunteers in the year. The home is the residence of sorne of the employees. The totsl amount of rental income from employees during the yearwas £10.560 {2023 £12,509). In 2022 a trustee made a loan of £9,000 to the charity. The loan was fijlly repaid in the year. An employee of the charity, Mr Guest is the spouse of one of the charity's Trustees. Mrs Guest 22. 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 23
Good News Family Care (Homes) Limited. Detailed Statement of Financial Activities for the Year Ended 30 June 2024 Total 2024 Total 2023 Income and Endowments from: Donations and legacies {analysed below) Charitable activities (analysed below) Total income Expenditure on: Raising funds (analysed below) Charitable activities {analysed below) Total expenditure Net income Net movement in funds Reconciliation of funds Totsl funds brought fOard Total funds Carried forward 209.710 319,404 2.456 531.570 149.194 280,582 654 430,430 {263) 489,310 489.573 41,997 41,997 (240) 427,441 427,681 2.749 2.749 514,163 556,160 511,414 514,163 This page does not fomi part of the statutory financial statements. Page 24
Good News Family Care (Homes) Limited. Detailed Statement of Financial Activities for the Year Ended 30 June 2024 Total 2024 Totsl 2023 Donations and legacies Donations Gift aid Grants - other agencies 100,987 6,261 102,462 39.442 7,550 102.202 209.710 149,194 Charitable activities Service charges Fees and supplies Rental income Project income 26,975 2,555 283,440 6,434 36,732 13.101 223,031 7.718 319.404 280,582 Investment income Deposit account interest 2.456 2,456 Ralslng funds Fundraising cost (263) (263) (240) {240) This page does not fomi part of the statutory financial statements. Page 25
Good News Family Care (Homes) Limited. Detailed Statement of Financial Activities for the Year Ended 30 June 2024 Total 2024 Total 2023 Charitable activities Wages and salaries staff training Premises expenses Rent and rates Light. heat and power Insurance Repairs and maintenance Household goods Infection control Telephone and fax Computer software and maintenance costs Printing, postage and stationery Registration fees Livery and Livestock expenses Sundry expenses Motor expenses Food Adverknsing Accountancy fees Bad debts writien off Bank charges Lease interest Depreciation of fixtures and fittings (273.295) (57) (45.493) (28.145) (54,383) (34,934) (280) (1,789) (3,584) (3,152) (343) {1.378) (2,074) (1.804) {3,166) <4,282) (3,163) {269.708) (3,446) (7,496) {40.271) (24,294) (29,272) (1,837) (2,002) (1,101) (2,985) (515) (1,347) (2,046) (859) (6,428) {2.258) (2,258) (625) {5,452) (7.030) (156) (9,468) (4,952) {4,922) {154) (9,705) This page does not fomi part of the statutory financial statements. Page 26