REGISTERED CHARITY NUMBER: 1180060 Re ort of the Trustees and Unaudited Financial Statenients for the Year Elided 31 March 2025 for Goodi)ews Aid
Goodnews Aid Conteiits of the Finaiicial Statements for the Year Ended 31 March 2025 Page Report of the Trustees Independeiit Examiner'5 Report stament of Financial Aciivities Balance Sheet Notes to the Financial Siatements 6 to 8 Detailed Statemenr of Financial Aciivities
Goodnews Aid Re ort of the Trustees for the Year Ended 31 March 2025 The trustees preseni their report with the financial stsiements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting aiid Reponit](T by Charities.. Statemeiit of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Repiiblic of Ireland IFRS 1021 {effective l January 20191. OBJECTIVES AND ACTIVITIES Objecti>e5 aim5 The objects of tlie charity a5 set out in its governiiig document are the advancenient of the Cl)ristian faith and the relief of pe150I15 in need. Public benefit The bodrd of trustees 15 Satisfied with the peifomiaiiee of the charity during the year and in plaiining the activities the trustees have had regard to the Charity Comn)ission's guidance on public benefit. ACHIEVEMENT AND PERFORMANCE Charitable aetivities The charity partners with a charity in India named Global Socio Educational and Chariiable Trust (GSECT}, a registered chariiy in India Iwww.gseci.com). GSECT is involved in various developmenthl and educational activities in India. t)uring the year, Ihe charity was able to donate £156.000 to GSECT to further its charitable work in India. FINANCIAL RF.VIEW Financial position The charity is reliant on the generous giving L)f individuals and organisaiions in the UK. The Charity currently does not have any fixed overheads and therefore the trustees, ar¢ satisfied with minimal reserves held. STRUCTURE, C.OVERNANCE AND MANAGEMENT Governing document Tl)e charity IS LTOVell)ed by it5 constitution adopted on 24 September 2018 and constitutes a Charitable Incotporated Organi5ation (CIO) as defined by the Charities Act 2011. Recruitrnent and appointment of new trustees New trustees are appointed by a re501ution at a meetii)g of the trllstees with regard to the skills, knowledge and experience needed for the charity. REFERENCE AND ADMINISTRATIVE DETAILS Rcgistcred Charity number 1180060 Registered 01¢¢ l Lownonh Road Manchester M22 OJY Trustees Rev E Aryee Rev J Master (resigned 25.3.24) Dr G Danam Rev A Partington (resigned 5.8.251 Pr B Kunjukutty Page I
Goodnews Aid Re ort of the Trustees for the Year Ended 31 March 2025 REFERENCE AND ADMINISTRATIVE DETAILS Independent Exarniner Daniel Sani Limited Chartered Accountants 61 Plodder Lat]e FarnH'orth Bolton BL4 OBX Approved by order Of the board of trustees on ..0.511112Q2&...................... and signed on its behalf by.. Dr G Danani - Trustee Page 2
Inde endent Examinels Re Goodnews Aid ort to the Trustees of Ind¢p¢nd¢nt examiner's report to the trustees of Goodnew5 Aid ('th¢ CIO,) I report 10 the charity Irustees on m}, examination of the accounts of the CIO for the year ended 31 March 2025. Responsibilities and basis of r¢port As the charity's trnstees of the CIO you are responsible for the preparation of the accounts in accordance with the Tequirements of the Charitie5 Act 2011 ('the 2011 Act,). I report in respect of my examination of your charity's accounts a5 carried out under Section 145 of the 2011 Act. In carrying out iny eXninatiOn I have followed the Directions given by the Charity Comniission under Section 14515) {b) of tlie 2011 Act. lrtdependent exAminer's statement I have completed niv exainindtioii. I coiifirin that no matters have come to niy attention in Coiinection with the examination giving me cause to believe.. accounting records ivere not kept in respect of the CIO as required by Section 130 of the 201 l Act; or the accounts do i)oi accord wilh ihose records: or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accouniing and reporting by charities (applicable to charities preparing their accoun(s in accordance with the Financial Reporting Standard applicable ii) the UK and Republic of Ireland {FRS 1021). 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 10 be reached. ty-¥- I_S- Gracian Daniel-sam ACA Daniel San) Limited Chartered Accountants 61 Plodder Laiie FaTnH'orth Boltoi) BL4 OBX Date.. 0511112025 Page 3
Goodnews Aid Stsiement of Financial Activities for the Year Ended 31 March 2025 31.3.25 Unrestricted nd 31.3.24 Toial funds Notes INCOME AND ENDOWMENTS FROM Dollations and legacies 176.483 46,689 EXPENDITURE ON Charitable activitie5 Missioii 156.722 46,648 Other 368 243 Total 157,090 46.891 NET INCOMEI(EXPENDITURE) 19,393 (202) RECONCILIATION OF Fuf4DS Totsl funds brought fornard 429 631 TOTAL FUNDS CARRIED FORWARD 19.822 429 The notes form part of these finan¢ial statements Page 4
Goodnews Aid Chari No. 1180060 Balance Sheet 31 March 2025 31.3.25 Unrestricted nd 31.3.24 Toial funds Notes CURRENT ASSETS Debtors Cash at bank 19,104 1,096 1,029 20,200 1,029 CREDITORS Amounts falling due within one year (378) (600) NET CURRENT ASSETS 19,822 429 TOTAL ASSETS LESS CURRENT LIABI LITIES 19.822 429 NET ASSETS 19.822 429 Unrestricted funds 19,822 429 TOTAL FUNDS 19,822 429 The financial statements were approved by the Board of Trustees and aurhorised for issue on 051.111.2025 and were signed on its behalf by: GnJi)JdJs D&nam i Nov 5, 2025 15..47..48 GMT45.51 G Dgnam- Tstee The notes form part of these finan¢ial statements Page 5
Goodnews Aid Notes to the Financial Statements for the Year Ended 31 March 2025 ACCOUNTING POLICIES Basis of preparing the finaneial statements The fiiiancial statements of the CIO. which is a public benefit entity ut]der FRS 102, have been prepared in accordance M'idi the Charities SORP (FRS 102) 'Accouiiting and Reportintw by Charities.. Statenient of Recommeiided Practice applicable to charities preparin£ tlieir accounts it] accordance M'itli the Financial Reporting Standard applicable in tl)e UK and Republic of Ireland {FRS 102} (effective l January 2019),. The financial stateinent5 hdve been prepared uiider tlie historiLal Lost Lonvention. Ineorne All incoine 15 recognised in the Statement of Financial Activitie5 once the Lharity lia5 entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabiliiies are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expendiiure, it is probable that a transfer of economic benefits will be required in seitlen)eni and Ihe amouni 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 relaied to Ihe category. Where costs cannoi be direcily aiiribuied to particular headings thej have been allocaied w activities on a basis coi)Si8teni with the use of resources. Taxation The charity is exempt from corporation tax on its charitsble activities. Fund accounting Unr¢strict¢d funds ¢an be used in accordan¢e with the charitable obje¢tives at Ihe discretion of the trustees. Restricted ndS can onlv be used for particulgr restricted purposes within the objects of the charity. R¢strirtions arise wheii specified by the donor or wheii funds are raised fi)r particiilar restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. TRUSTEES, REMUNERATION AND BENEFITS There were no trnstees, remuneration or other benefit5 for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees, txptnsts There were no trustees, expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. INDEPENDENT EXAMINER'S REMUNERATION During the year £378 was payable 10 ihe Independent Examiner for the preparation of the accounts in their final format and to carry out the independent examinaiion. Page 6 continued...
Goodnews Aid Notes to the Financial Statements - continued for the Year Ended 31 March 2025 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Prepayments and accrued income 19,104 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Accrnals and deferred income 378 600 MOVEMENT IN FUNDS Net movement in funds At 31.3.25 At 1.4.24 Unrestricted funds General fund 429 19.393 19.822 TOTAL FUNDS 429 19,39) 19,822 Net movement in funds. included in the above are as follo$.. Incoming resources Resources expended Movement in funds Unrestricted fund5 General fund 176,483 1157,090) 19,393 TOTAL FUNDS 176.483 157.090) 19.393 Comparative5 for movement in funds Net moveinent in funds At 31.3.24 At 1.4.23 Unrestricted fuNd5 Geiieral fund 631 (202) 429 TOTAL FUNDS 631 202) 429 Page 7 continued...
Goodnews Aid Notes to the Financial Statements - continued for the Year Ended 31 March 2025 MOVEMENT IN FUNDS- continued Comparative net tnovement in funds. included in the above are as follows.. Incoining resources Resources expeiided Movement in funds Unrestricted funds General fund 46,689 (46,891) 1202) TOTAL FUNDS 46,689 46,891) 202) RELATED PARTY DISCLOSURES There were no related party tra115actions for the year ended 31 March 2025. Page 8
Goodnews Aid Detailed Ststement of Financial Activities for the Year Ended 31 March 2025 31.3.25 31.3.24 INCOME AND ENDOWMENTS Donation5 and legacies Donations Gift aid 157,379 19,104 46,689 176,483 46,689 Total incoming resources 176,483 46,689 EXPENDITURE Charitable activities Advertising Gifts to other charities 164 156,000 288 46,000 156,164 46.288 Support costs Finance Bank charges 368 243 Governance costs Accountanc}' and legal fees 558 360 Totsl resources expended 157,090 46,891 Net ineome/{expenditure) 19.393 This page does Tlot forni part of the statutory financial ststem¢nts Page 9