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2023-11-30-accounts

Charity number: 1201857

GOODNEWS COMMUNITY OUTREACH

REPORT AND FINANCIAL STATEMENT FOR THE YEAR ENDED

30/11/2023

GOODNEWS COMMUNITY OUTREACH

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30/11/2023

TRUSTEES

REGISTERED OFFICE

28 NEW FOREST ROAD

WALSALL

WS3 1TR

CHARITY NUMBER 1201857

page 1

GOODNEWS COMMUNITY OUTREACH

ACCOUNTS

FOR THE YEAR ENDED 30/11/2023

CONTENTS

Page
Report of the Trustees 3
Independent Examiner's Statement 4
Accountant's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Accounts 8to9

page 2

GOODNEWS COMMUNITY OUTREACH

TRUSTEES' REPORT

FOR THE YEAR ENDED 30/11/2023

The trustees present their report and accounts for the year ended 30/11/2023.

PRINCIPAL ACTIVITIES

The principal activities of the charity in the year under review was General Charitable Purposes Education/training The Prevention Or Relief Of Poverty Other Charitable Purposes .

The report was prepared in accordance with the special provisions within Part 15 of the Companies Act 2006.

This report was approved by the Board of Trustees on the 24/08/2024 and signed on their behalf by:

Mrs Olaitan Ogalar Chairman Board of Trustees

page 3

GOODNEWS COMMUNITY OUTREACH

INDEPENDENT EXAMINER'S STATEMENT

FOR THE YEAR ENDED 30/11/2023

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GOODNEWS COMMUNITY OUTREACH.

I report on the accounts of the company for the year ended 30/11/2023.

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER

The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity's gross income is not up to £25,000 and I am qualified to undertake the examination.

Having satisfied myself that the charity is not subject to an audit under company law and is eligible for independent examination, it is my responsibility to:

BASIS OF INDEPENDENT EXAMINERS STATEMENT

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.

page 4

GOODNEWS COMMUNITY OUTREACH

INDEPENDENT EXAMINER'S

STATEMENT FOR THE YEAR ENDED

30/11/2023

INDEPENDENT EXAMINERS STATEMENT

In connection with my examination, no matter has come to my attention:

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

ROSAB Accounting & Tax Services

38 Cross Lane East Gravesend Kent DA12 5HH

page 5

GOODNEWS COMMUNITY OUTREACH

Statement of Financial Activities

for the year ended 30th November 2023

Unrestricted
Notes
Funds
2
15,571.00
Sale of books
2
0.00
2
0.00
15,571.00
4
480.00
5
4,933.00
6
3,465.00
8,878.00
6,693.00
0.00
0.00
6,693.00
0.00
9
6,693.00
Incoming resources
Donations & similar incoming resources
Activities in furtherance of the charity's objects
Investment income
Gains and Losses
Total Incoming resources
Resources Used
Cost of generating funds
Cost of activities in furtherance of the charity's objects
- Gains/losses on assets for own use
- Gains/losses on investment assets
Net Movement in Funds
Balance at 7TH FEBRUARY 2023
Balance at 30TH November 2023
Expenditure on managing/administering the charity
Total Resources Used
Net Incoming/(Outgoing) Resources		 Restricted
Funds
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00		 Total
Funds
2024
15,571.00
0.00
0.00
15,571.00
480.00
4,933.00
3,465.00
8,878.00
6,693.00
0.00
0.00
6,693.00
0.00
6,693.00

Page 6

GOODNEWS COMMUNITY OUTREACH BALANCE SHEET AS AT 30 November 2023

Notes
Fixed Assets
Tangible
Current Assets
Debtors & Prepayments
Investment and savings
Cash & Bank Balance

Creditors: Amount falling due within one year
Net Current Assets
Total Asset
Creditors: Amount falling due after one year
Net Assets/(Liabilities)
Funds
REPRESENTED BY:
CAPITAL ACCOUNT
Balance b/f
Net Income/(deficit) over Expenditure		 £ £
-
-
-
6,893.00
(200.00)
6,693.00
6,693.00
-
6,693.00
-
6,693.00
6,693.00

Page7

GOODNEWS COMMUNITY OUTREACH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 30/11/2023

1. ACCOUNTING POLICIES

1a. Basis Of Accounting

The accounts have been prepared under the historical cost convention.

The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.

1b. Incoming Resources

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

1c. Resources Expended.

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

1d. Allocation and Apportionment of Costs

All costs relate to the single activity of the charitable company and are recognized accordingly.

1e. 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 restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for restricted purposes.

Designated funds are funds set aside by the trustees out of unrestricted general funds for the specific future purposes or projects.

1f. Depreciation

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Equipment – Straight line method 25%

1g. Turnover

Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.

page 8

2 DONATIONS & SIMILAR INCOME

GOODNEWS COMMUNITY OUTREACH NOTES TO THE FINANCIAL STATEMENTS continued.

INCOME
DONNATIONS
TOTAL (UNRESTRICTED) INCOMING RESOURCES
TOTAL INCOMING RESOURCES
4 COST OF GENERATING FUNDS
ADVERTISING & PRINTING
5 COST OF ACTIVITIES IN FURTHERANCE OF CHARITY'S OBJECTS
RENT & RATES
MIDAS TOUCH SEWING CLASS
FOOD FOR THE NEEDY
HOLIDAY ACTIVITIES AND FOOD PROGRAMME- HAF
WARM HEART WARM HOME INTIATIVE
YOUTH OUTREACH - HAF
6 EXPENDITURE ON MANAGING/ADMINISTERING THE CHARITY
STAFF COSTS/ALLOWANCE
TELEPHONE, WEBSITE & INTERNET
STATIONERY
VOLUNTEERS
TRAVEL & SUBSISTENCE
MOTOR VEHICLE EXPENSES
ACCOUNTANCY FEE
GENERAL EXPENSES
BANK CHARGES AND INTEREST PAID
7FUNDS
Unrestricted
Restricted
Funds
Funds
£
£
6,693.00
-
-
-
-
At 1 November
Surplus/(deficit) for the year
Transfer of funds
At 30 November 2023
6,693.00
-
TOTAL COST		 2023
15,571.00
15,571.00
15,571.00
15,571.00
400.00
777.00
2254.00
923.00
350.00
4,933.00
1,878.00
113.00
130.00
360.00
328.00
233.00
200.00
221.00
2.00
3,465.00
8,878.00
Total
Funds
2023
£
6,693.00
-
6,693.00
480.00
229.00		 2023
15,571.00
15,571.00
15,571.00
15,571.00
400.00
777.00
2254.00
923.00
350.00
4,933.00
1,878.00
113.00
130.00
360.00
328.00
233.00
200.00
221.00
2.00
3,465.00
8,878.00
Total
Funds
2023
£
6,693.00
-
6,693.00
480.00
229.00		 2023
15,571.00
15,571.00
15,571.00
15,571.00
400.00
777.00
2254.00
923.00
350.00
4,933.00
1,878.00
113.00
130.00
360.00
328.00
233.00
200.00
221.00
2.00
3,465.00
8,878.00
Total
Funds
2023
£
6,693.00
-
6,693.00
480.00
229.00		 2023
15,571.00
15,571.00
15,571.00
15,571.00
400.00
777.00
2254.00
923.00
350.00
4,933.00
1,878.00
113.00
130.00
360.00
328.00
233.00
200.00
221.00
2.00
3,465.00
8,878.00
Total
Funds
2023
£
6,693.00
-
6,693.00
480.00
229.00

15,571.00
400.00
777.00
2254.00
923.00
350.00
4,933.00
480.00
229.00		 480.00

1,878.00
113.00
130.00
360.00
328.00
233.00
200.00
221.00
2.00
3,465.00
8,878.00
Total
Funds
2023
£
6,693.00
-
6,693.00

Page 9