2021-11-30-accounts - Goodnews Evangelical Mission

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Trustees				Mrs P Aisbitt
				Mire LA Craggs
				Mr A B Griffiths
				Mr A Michael		(Appointed	10July 2021)
				Mr R M Sage
Secretary/Charity			Manager	Miss H Grilfiths
Charity number				1164614(linked 1164614-1)
Company	number			09651032
Principal address				The Byres
				Manor Farm
				Church Lane
				Chilcompton
				Radstock
				BA3 4HP
Registered		office		Chantry House
				22 Upperton	Road
				Eastbourne
				East Sussex
				BN21 1BF
Auditor				Caladine Limited
				Chantry House
				22 Uppeiton	Road
				Eastbourne
				East Sussex
				BN21 1BF
Bankers				CAF Bank
				25 Kings Hill	Avenue
				Kings Hill
				West Mailing
				Kent
				ME194JQ
Solicitors				Anthony Collins
				134 Edmund	Street
				Birmingham
				B32ES
Investment		managers		Rethbones
				8 Finsbuiy Circus
				London
				EC2M 7AZ

			Page
Trustees'	report		1-5
Statement	ofTrustees'	responsibilities
Independent auditor's		report	7-10
Statement	offinancial	activities
Statement	offinancial	position	12
Statement	ofcash flows		13
Notes to the financial statements			14-24

				Unrestricted Unrestricteii	Unrestricted Unrestricteii	Totai Unrestricted	Totai Unrestricted	Unrestricted	Iotal
				funds	funds		funds	funds
				general	designated		general	designated
				2021	2021		2020	2020	2020
			Notes	5	f			8	5
IttgggttLffttm;
Donations and legacies			3	50		50
Investments			4	376,248		376,248	406,547		406,547
Total income				376,298		376,298	406,547		406,547
Raising funds			5	70,287		70,287	67,447		67,447
Befriending project				85,695		85,695	60,602		60,602
Christian work- UK				492,944		492,944	705,309		705,309
Christian work - Intl				324,243		324,243	515,000		515,000
Total charitable	expenditure			902,882		902,882	1,280,911		1,280,911
Total expenditure				973,169		973,169	1,348,358		1,348,358
Net gains/(losses) investments		on	11	1,549,643		1,549,643	(350,130)		(350,130)
Net movement	in	funds		952,772		952,772	(1,291,941)		(1,291,941)
Fund balances at 1 December
2020				6,630,899	7,500,000	14,130,899	7,922,840	7,500,000	15,422,840
Fund balances	at	30
November 2021				7,583,671	7,500,000	15,083,671	6,630,899	7,500,000	14,130,899

				2021		2020
			Notes	f		8
Fixed assets
Property, plant and	equipment		12		4,703	10,054
Investments			13	14,693,070		13,948,352
				14,697,773		13,958,406
Current assets
Trade and other receivables			14	4,490		4,444
Cash at bank and	in hand			504,814		391,608
				509,304		396,052
Current liabilities			15	(123,406)		(223,559)
Net current assets					385,898	172,493
Total assets less	current liabilities			15,083,671		14,130,899
Income funds
Unrestricted funds	- designated		17		7,500,000	7,500,000
Unrestricted funds	- general				7,583,671	6,630,899
				1	5,083,671	14,130,899
The financial statements		were approved	by the Trustees	on4!...~$..2C'2vr

				2021	2020
			Notes	6	6
Cash flows from operating		activities
Cash absorbed by operations			21	(1,067,967)	(1,445, 160)
Investing	activities
Purchase	of property, plant and equipment				(9,408)
Purchase	of investments			(2,146,543)	(2,677,243)
Proceeds	on disposal of investments			2,951,468	2,830,348
Investment	income received			376,248	406,547
Net cash	generated from investing
activities				1,181,173	550,244
Net cash	used in financing	activities
Net increase/(decrease) in		cash and cash
equivalents				113,206	(894,916)
Cash and	cash equivalents at beginning		ofyear	391,608	1286,524
Cash and	cash equivalents	at end ofyear		504,814	391,608

	Unrestricted	Unrestncted
	funds	funds
	general	general
	2021	2020
		6
Dividends	376,231	406,277
Interest receivable	17	270
	376,248	406,547

Unrestricted	Unrestricted
funds	funds
general	general
2021 5	2020f
70,287	67,447

			IC0 I-	ON o N			CO I LO	'	O I IA	LO IA 'tu	d Ol Ol	CO IA d	LO LO uu	IO				CD CI
																		CO
			L LC ul	C	O No N	4I												CI CIO IA
			0	g														IO
			C m	Y 0	O o	4l			t	t	t	t	I	t				CDC
			ul
			0															LOC I
			Ol C D e	Cl 0 '0 a	O N Ct CC	4I	DD to	I	o lo	to LA d	d' CO cu	ut LO d d	to LO ut	lo d				CD
			ID
			IA IC 0	uN ON			CO CI d CO O I CDOI IA IA			O IA I	IA LO CO N So LO LO				N		N NN	CD NO
																		Ol
			4			DI
			lu	C	Ol
			ul'C c	CC 0	N										N N
			0 m 'P c0	Y g M 0	N CI N	4t	t	I	I	I	I	I	I	I	Ol dN
O IUDZI-Z0				00 a	N CI N	Ol	CD CD LO IO	O O O LO	d N I	O LA I	LO CD CD	LO N IO		uu 0 IO			IA N
O
IIJ	Ca
IZ	Cut
UJ	UJ
	Ul
UJ
																	CO
M	UJ O o														I Cl0C 00	LO e0 c	ID 0L0 ID m
OZ Z IUzI-0 I CO UJI-0Z	Q Q UJ IU.' UJ U.O	m CI 0 Ill Cl IC 0					g m 0 0	0 0 C m CD C \0	0 0 D e 0	0 LD0 C Ct 0 0Z	e0 Cle ul uu Cn	0 C m ul Ol 0	e 0 ct I L1 C X a 0& e.C X 0 ) m 0 I-		ul ul0 0 Cl 0 Ol C'0 C C t0	e m ul ul tu 8 0 CL a ul 0 cl h IA	m m0 0 C0 C h )0 Cll u 0 0 h CO

		Christian	Christian		Christian	Christian	Total
		work-UK	work-lntl	Total	work - UK	work - Intl
		2021	2021	2021	2020	2020	2020
		E		E	E	E	E
Grants to institutions:
St Wilfrid's Hospice					30,000		30,000
The Matthew 25	Mission				30,000		30,000
Beachy Head
Chaplaincy Team		25,000		25,000
Yeldall Christian	Centre	20,000		20,000	15,000		15,000
Johannesburg Bible
College			23,000	23,000
Other grants above
E15,000(3other
institutions)		18,000	31,390	49,390	190,000	83,000	273,000
Grants E15,000 and
below (80 institutions)		366,700	228,253	594,953	375,673	384,803	760,476
		429,700	282,643	712,343	640,673	467,803	1,108,476

Support costs	Support costs
		Support	Governance	Total	Support	Governance	Total
		costs f	costs f	2021f	costs f	costs f	2020 f
Staff costs		54,601	7,754	62,355	55,441	7,792	63,233
Depreciation		5,351		5,351	5,549		5,549
Insurance		2,789		2,789	2,673		2,673
Travel and	subsistence	1,842		1,842	1,438		1,438
Grant management		5,279		5,279	10,662		10,662
Phone and	internet	2,415		2,415	2,488		2,488
Printing, postage and
stationery		699		699	967		967
ITsupport		7,761		7,761	7,014		7,014
Rent		8,050		8,050	8,078		8,078
Computer	and software	2,637		2,637	3,077		3,077
Training		129		129	593		593
Website		1,716		1,716
Audit fees			3,600	3,600		3,600	3,600
Accountancy			4,021	4,021		3,903	3,903
Legal and	professional		1,456	1,456		420	420
Trustee meeting costs			4,745	4,745		3,132	3,132
Subscriptions			195	195		174	174
Bank charges			330	330		386	386
Training			611	611
		93,269	22,712	115,981	97,980	19,407	117,387
A~nyggtU)gtgggtt
Charitable	activities	93,269	22,712	115,981	97,980	19,407	117,387

The average	monthly number of full and part time em	ployees during the year was:
		2021	2020
		Number	Number
Pastoral
Support
Total
Employment	costs	2021	2020
		8	6
Wages and salaries		114,007	96,941
Social security costs		2,888	2,662
Other pension costs		6,349	6,308
		123,244	105,911

Net gains/(	loss	es) on investments
			Unrestricted	Unrestricted
			funds	funds
			general	general
			2021	2020
			f	8
Revaluation	of	investments	1,287,569	(170,498)
Gain/(loss)	on	sale of investments	262,074	(179,632)
			1,549,643	(350,130)

Property, plant and equipment	Property, plant and equipment	Property, plant and equipment
			Fixtures	Computers	Motor	Total
			and		vehicle
			equipment
			6	6
Cost
At 1 December 2020			1,428	13,868	14,995	30,291
At 30 November	2021		1,428	13,868	14,995	30,291
Depreciation and impairment
At 1 December 2020			1,428	6,813	11,996	20,237
Depreciation charged		in the year		2,352	2,999	5,351
At 30 November	2021		1,428	9,165	14,995	25,588
Carrying amount
At 30 November	2021			4,703		4,703
At 30 November	2020			7,055	2,999	10,054

				Listed
				investments
				6
	Cost or valuation
	At 1 December 2020			13,948,352
	Additions			2,146,543
	Valuation changes			1,287,569
	Dispcsals			(2,689,394)
	At 30 November	2021		14,693,070
	Carrying amount
	At 30 November	2021		14,693,070
	At 30 November	2020		13,948,352
14	Trade and other	receivables
			2021	2020
	Amounts falling	due within one year:	6	f
	Prepayments and accrued income		4,490	4,444

Current	liabi	lities
																		2021	2020
																		f	f
Other payables																	101,806		217,199
Accruals	and	deferred		income													21,600		6,360
																	123,406		223,559
Retirement		benefit	schemes
Defined	contribution			schemes
The Charity operates a defined						contribution			pension		scheme for			all	qualifying employees. The				assets ofthe
scheme	are	held separately from					those	of	the Charity			in an	independently			administered		fund.
The charge to profit			or loss in		respect of defined					contribution			schemes was E6,349 (2020 - E6,308).
Unrestricted		funds	-	designated
These arc unrcstrictcd				funds	which orc			motcriol		to the		Charity'0		octivitiec mode up			ae	follows:
												Igiovemen!					Movement
												in	funds				in	funds
									Balance		at		Incoming			Balance at		Incoming	Balance at
									1 December				resources		I	December		resources	30November
										2010						2020			2021
											f					f		E	f
Capital designated			to	generate		income			7,500,000						7,500,000				7,500,000
Analysis	of	net assets between					funds
				Unrestricted				Unrestricted					Total		Unrestricted		Unrestricted		Total
							funds		funds							funds		funds
						general		designated								general	designated
							2021			2021			2021			2020		2020	2020
							E				f			f		E		E	f
Fund balances are			represented				by:
Property,	plant and
equipment							4,703						4,703			10,054			10,054
Investments					7,	193,070			7,500,000			14,693,070			6,448,352		7,500,000		13,948,352
Current	assets/
(liabilities)						385,898							385,898			172,493			172,493
					7,583,671				7,500,000			15,083,671			6,630,899		7,500,000		14,130,899

	2021	2020
	8	8
Within one year	3,881	7,762
Between two and five years		3,881
	3,881	11,643

21	Cash generated from operations				2021f	2020 f
	Surplus/(deficit) for the year				952,772	(1,291,941)
	Adjustments for:
	Investment income recognised in statement		offinancial	activities	(376,248)	(406,547)
	(Gain)/loss on disposal ofinvestments				(262,074)	179,632
	Fair value gains and losses on investments				(1,287,569)	170,498
	Depreciation and impairment of property,	plant and equipment			5,351	5,549
	Movements in working capital:
	(Increase) in trade and other recewables				(46)	(595)
	(Decrease) in trade and other payables				(100,153)	(101,756)
	Cash absorbed by operations				(1,067,967)	(1,445,160)
22	Analysis ofchanges in net funds
	The Charity had no debt during the year.