2022-11-30-accounts - Goodnews Evangelical Mission

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Trustees			Mrs PAisbitt
			Mrs LACraggs
			Mr ABGrityiths
			MrAR Michael
Secretary/Charity		Manager	Miss H E Grtfriths
Charity number			1164614(linked 1164614-1)
Company	number		09651032
Principal address			The Byres, Manor Farm
			Church Lane
			Chilcompton
			Radstock
			Somerset
			BA34HP
Registered	office		Chantry House
			22 Upperton	Road
			Eastbourne
			East Sussex
			BN21 1BF
Auditor			Caladine Limited
			Chantry House
			22 Upperton	Road
			Eastboume
			East Sussex
			BN21 1BF
Bankers			CAF Bank
			25 Kings Hill	Avenue
			Kings Hill
			West Maging
			Kent
			ME194JQ
Solicitors			Anthony Collins Solicitors LLP
			134Edmund	Street
			Birmingham
			West Midlands
			B32ES
investment	managers		Rathbones
			6 Finsbury Circus
			London
			EC2M 7AZ

		Page
Trustees' report		1-5
Independent auditor's	report	6-8
Statement offinancial	activities
Statement offinancial	position	to
Statement ofcash flows
Notes to the financial	statements	12-22

				Unrestricted	Unrestricted	Total	Unrestricted	Unrestricted	Total
				funds	funds		funds	funds
				general	designated		general	designated
			Notes	2022	2022 5	2022f	2021 5	2021 6	2021 5
Income from:
Donations and
legacies			3				50		50
Investments			4	391,833		391,833	376,248		376,248
Total income				391,833		391,833	376,298		376,298
~dddE
Raising funds			5	78,316		78,316	70,287		70,287
Charitable activities
Befriending project			6	11,215		11,215	85,695		85,695
Christian work -	UK		6	681,375		681,375	492,944		492,944
Christian work-	Intl		6	499,626		499,626	324,243		324,243
Total charitable
expenditure				1,192,216		1,192,216	902,882		902,882
Total expenditure				1,270,532		1,270,532	973,169		973,169
Net gains/(losses)		on
investments			11	(805,467)		(805,467)	1,549,643		1,549,643
Net movement	in	funds		(1,684,166)		(1,684,166)	952,772		952,772
Fund balances at 1
December 2021				7,583,671	7,500,000	15,083,671	6,630,899	7,500,000	14,130,899
Fund balances	at	30
November 2022				5,899,505	7,500,000	13,399,505	7,583,671	7,500,000	15,083,671

			2022	2021
		Notes	5
Fixed assets
Property, plant and equipment		12	6,063	4,703
Investments		13	12,790,000	14,693,070
			12,796,063	14,697,773
Current assets
Trade and other receivables		14	7,566	4,490
Cash at bank and in hand			828,581	504,814
			836,147	509,304
Current liabilities		15	(232,705)	(123,406)
Net current assets			603,442	385,898
Total assets less current liabilities			13,399,505	15,083,671
Income funds
Unrestricted funds - designated		17	7,500,000	7,500,000
Unrestricted funds - general			5,899,505	7,583,671
			13,399,505	15,083,671
The financial statements	were approved	by the Trustees on..25...1Q..&23

				2022		2021
			Notes	6
Cash flows from operating		activities
Cash absorbed by operations			21		(1,160,720)		(1,067,967)
Investing	activities
Purchase	of property, plant	and equipment		(4,949)
Purchase	of investments			(2,909,462)		(2,146,543)
Proceeds	from disposal of	investments		4,007,065		2,951,468
Investment	income received			391,833		376,248
Net cash	generated from investing
activities					1,484,487		1,181,173
Net increase in cash and cash equivalents					323,767		113,206
Cash and	cash equivalents	at beginning	ofyear		504,814		391.608
Cash and	cash equivalents	at end of	year		828,581		504,814

	Unrestricted	Unrestricted
	funds	funds
	general	general
	2022	2021
Dividends	391,531	376,231
Interest receivable	302	17
	391,833	376,248

			Unrestricted	Unrestricted
			funds	funds
			general	general
			2022	2021
			8
Investment	management	fees	78,316	70,287

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	Christian	Christian		Christian	Christian	Total
	work - UK	work - Intl	Total	work - UK	work - Intl
	2022	2022	2022	2021	2021	2021
	E		E	E	E	E
Grants to institutions:
Operation Mobilisation		50,000	50,000
Tear Fund		50,000	50,000
Matthew 25 Mission	30,000		30,000
Time to Talk Befriending	25,000		25,000
YMCA DLG	23,821		23,821
Johannesburg Bible
College					23,000	23,000
Beachy Head Chaplaincy	20,000		20,000	25,000		25,000
Christians in Parliament	20,000		20,000
Essential Christian		20,000	20,000		7,500	7,500
Matilda Project ACET		20,000	20,000
Yeldall Christian Centre				20,000		20,000
Other grants above
E15,000 (7other
institutions)	90,000	15,000	105,000	18,000	31,390	49,390
Grants E15,000and
below (117institutions)	403,809	294,740	698,549	366,700	220,753	587,453
	612,630	449,740	1,062,370	429,700	282,643	712,343

Support costs
	Support	Governance	2022	Support	Governance	2021
	costs	costs		costs	costs
	f	6		6
Stalf costs	47,550	8,629	56,179	54,601	7,754	62,355
Depreciation	3,589		3,589	5,351		5,351
Insurance	2,673		2,673	2,789		2,789
Travel and subsistence	3,381		3,381	1,842		1,842
Grant management	6,496		6,496	5,279		5,279
Phone and internet	2,994		2,994	2,415		2,415
Printing, postage and
other office	2,779		2,779	699		699
ITsupport	7,023		7,023	7,761		7,761
Rent	10,423		10,423	8,050		8,050
Computer and software	2,150		2,150	2,637		2,637
Training	143		143	129		129
Website	774		774	1,716		1,716
Audit fees		3,780	3,780		3,600	3,600
Accountancy		4,021	4,021		4,021	4,021
Legal and professional		4,524	4,524		1,456	1,456
Trustee meeting costs		6,164	6,164		4,745	4,745
Subscriptions		178	178		195	195
Bank charges		379	379		330	330
Training		238	238		611	611
	89,975	27,913	117,888	93,269	22,712	115,981
A~need brtgvegn
Charitable activities	89,975	27,913	117,886	93,269	22,712	115,981

The average	monthly number of full and part time em	ployees during the year was:
		2022	2021
		Number	Number
Pastoral
Support
Total
Employment	costs	2022	2021
		6	5
Wages and salaries		56,639	114,007
Social security costs		1,982	2,888
Other pension	costs	4,248	6,349
		62,869	123,244

			Unrestricted	Unrestricted
			funds	funds
			general	general
			2022	2021f
Revaluation	of	investments	(798,864)	1,287,569
Gain/(loss)	on	sale ofinvestments	(6,603)	262,074
			(805,467)	1,549,643

Property, plant	and e	quipment
			Fixtures and	Computers	Motor	Total
			equipmentf		vehiclef
Cost
At 1 December 2021			1,428	13,868	14,995	30,291
Additions			4,949			4,949
Disposals					(14,995)	(14,995)
At 30 November	2022		6,377	13,868		20,245
Depreciation and impairment
At 1 December 2021			1,428	9,165	14,995	25,588
Depreciation charged		in the year	1,237	2,352		3,589
Eliminated in respect ofdisposals					(14,995)	(14,995)
At 30 November	2022		2,665	11,517		14,182
Carrying amount
At 30 November	2022		3,712	2,351		6,063
At 30 November	2021			4,703		4,703

			Listed
			investmentsf
	Cost or valuation
	At 1 December 2021		14,693,070
	Additions		2,909,462
	Valuation changes		(798,864)
	Disposels		(4,013,668)
	At 30 November 2022		12,790,000
	Carrying amount
	At 30 November 2022		12,790,000
	At 30 November 2021		14,693,070
14	Trade and other receivables
	Amounts falling due within one year:	2022f	2021 f.
	Prepayments and accrued income	7,566	4,490

15	Current	liabilities
																		2022 f	2021f
	Other payables																	215,400	101,806
	Accruals	and defened		income														17,305	21,600
																		232,705	123,406
16	Retirement benefit		schemes
	Defined	contribution		schemes
	The Charity operates			a defined				contribution		pension		scheme			for all qualifying employees. The				assets of the
	scheme	are held separately			from			those ofthe Charity				in	an	independently		administered		fund.
	The charge to profit		or loss		in	respect of			defined		contribution			schemes was f4,248			(2021 - 66,349).
17	Unrestricted funds		-	designated
	These are unrestricted			funds which are material							to the	Charity's			activities	made up	as	follows:
													Movement				Movement
													in funds					in funds
										Balance at				Incoming		Balance at		Incoming	Balance at
										1December				resources		1 December		resources	30November
											2020				f	2021f		f	2022f
	Capital designated		to generate				income			7,500,000						7,500,000			7,500,000
18	Analysis	ofnet assets between						funds
					Unrestricted				Unrestricted						Total Unrestricted		Unrestricted		Total
								funds			funds					funds		funds
							general		designated							general	designated
								2022 f			2022 f				2022f	2021 f		2021 f	2021f
	Fund balances are		represented				by:
	Property,	plant and
	equipment							6,063							6,063	4,703			4,703
	Investments					5,290,000				7,500,000			12,790,000			7,193,070		7,500,000	14,693,070
	Current	assets/(liabilities)					603,442							603,442		385,898			385,898
						5,899,505				7,500,000			13,399,505			7,583,671		7,500,000	15,083,671


21	Cash generated from operations				2022	2021f
	(Deficit)/surplus for the year				(1,684,166)	952,772
	Adjustments for:
	Investment income recognised in statement		offinancial	activities	(391,833)	(376,248)
	Loss/(gain) on disposal ofinvestments				6,603	(262,074)
	Fair value gains and losses on investments				798,864	(1,287,569)
	Depreciation and impairment ofproperty,	plant and equipment			3,589	5,351
	Movements in working capital:
	(Increase) in trade and other receivables				(3,076)	(46)
	Increase/(decrease) in trade and other payables				109,299	(100,153)
	Cash absorbed by operations				(1,160,720)	(1,067,967)
22	Analysis ofchanges in net funds
	The Charity had no debt during the year.