2024-05-31-accounts

Trustees’ Annual Report for the period

From 01/06/2024 Period start date To 20/6/24 Period end date

Charity name: Goodnew International

Charity registration number: 1189925 1189925

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	THE OBJECTS OF THE CIO ARE TO ADVANCE THE CHRISTIAN FAITH FOR THE PUBLIC BENEFIT IN ACCORDANCE WITH THE STATEMENT OF BELIEFS [AND PRACTICES] IN SANDWELL & DUDLEY AREA AND IN SUCH OTHER PARTS OF THE UNITED KINGDOM OR THE WORLD AS THE CHARITY TRUSTEES MAY FROM TIME TO TIME THINK FIT AND TO FULFIL SUCH OTHER PURPOSES WHICH ARE EXCLUSIVELY CHARITABLE ACCORDING TO THE LAW OF ENGLAND AND WALES AND ARE CONNECTED WITH THE CHARITY WORK OF THE CHARITY.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	We have continued to offer prayer and religious services which are open to the public. These has been done on Zoom, Facebook and physical locations
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	Yes

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment

including program related investment Para 1.38 Contribution made by volunteers Other

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	Our faith meetings continue to uplift the spirits and minds of our participants. The minister in charge (Dr Jude Ihugba) has also taken a more itinerant ministry due to restriction with physical location.

Additional information (optional)

You may choose to include further statements where relevant about:

Achievements against objectives set	Para 1.41
Performance of fundraising activities against objectives set	Para 1.41
Investment performance against objectives	Para 1.41

other

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	Expenditure is less than 3000 and public donations are minimal. Please see bank statements
Statement explaining the policy for holding reserves stating why they are held	Para 1.22
Amount of reserves held	Para 1.22
Reasons for holding zero reserves	Para 1.22
Details of fund materially in deficit	Para 1.24
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23

Additional information (optional)

You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including any fundraising)	Para 1.47
Investment policy and objectives including any social investment policy adopted	Para 1.46
A description of the principal risks facing the charity	Para 1.46
Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Trust deed
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	CIO
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25

Additional information (optional)

You may choose to include further statements where relevant about:

Policies and procedures adopted for the induction and training of trustees	Para 1.51
The charity’s organisational structure and any wider network with which the charity works	Para 1.51
Relationship with any related parties	Para 1.51
Other

Reference and Administrative details

Charity name	Goodnews International
Other name the charity uses
Registered charity number	1189925
Charity’s principal address	9 Jevons Drive Tipton DY4 7PW

Names of the charity trustees who manage the charity

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20	Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (ifany)
	Jude C Ihugba	Chair
	Mgbechi Okeama Ihugba
	Chioma Munonyedi

– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity

Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects

Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

This submission has been approved by the trustees. The charity has no property over 500 (public system inlcuding mics). Minimal expenditure due to not renting and moving towards mobile ministry.

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Cjihugba Full name(s) Jude Chigozie Ihugba

Position (eg Secretary, Chair Chair, etc)

Date

20/12/24

Account No Sort Code Page No 79993567 60-03-30 1 of 2

Account Name GOODNEWS INTERNATIONAL BUSINESS CURRENT

Current Account

DR JUDE CHIGOZIE IHUGBA GOODNEWS INTERNATIONAL 9 JEVONS DRIVE TIPTON WEST MIDLANDS DY4 7PW

Current Account	Current Account
Summary
Statement Date	29 DEC 2023
Period Covered	02 DEC 2023 to 29 DEC 2023
Previous Balance	£1,545.99
Paid In	£27.50
Withdrawn	£402.99
New Balance	£1,170.50
BIC	NWBKGB2L
IBAN	GB23NWBK60033079993567

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Date	Description	P	aid In(£) Withd	rawn(£) B	alance(£)
02 DEC 2023 BROUGHT FORWARD 1,545.99
07 DEC	OnLine Transaction To A/C 388 Xfer	41134 IHUGBA JC Via Mobile		100.00	1,445.99
13 DEC Direct Debit STRIPE AQKTSAJB-ISINGWORS 12.99 1,433.00
18 DEC	Automated Credit M IHUGBA O 400000001263317047	FFERING FP 16/12/23 1020	7.50		1,440.50
21 DEC OnLine Transaction From A/C 38841134 IHUGBA JC Via Mobile Xfer 20.00 1,460.50
	OnLine Transaction To A/C 388 Xfer Malt drink fd	41134 IHUGBA JC Via Mobile		20.00	1,440.50
27 DEC OnLine Transaction TAIWO ADEYEMI FOOD VIA MOBILE - LVP FP 23/12/23 10 53160359334229000N 270.00 1,170.50

National Westminster Bank Plc. Registered in England & Wales No.929027. Registered Office: 250 Bishopsgate, London, EC2M 4AA. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

RETSTMT - V107 27/10/23

Account Name Account No Sort Code Page No GOODNEWS INTERNATIONAL 79993567 60-03-30 2 of 2 BUSINESS CURRENT

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