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2021-06-30-accounts

REGISTERED COMPANY NUMBER: 01270665 (England and Wales) REGISTERED CHARITY NUMBER: 275115

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 30 June 2021

for

The Good News Broadcasting Association (Great Britain) Limited

Wright Vigar Limited Chartered Accountants & Business Advisers 15 Newland Lincoln Lincolnshire LN1 1XG

The Good News Broadcasting Association (Great Britain) Limited

Contents of the Financial Statements for the Year Ended 30 June 2021

Page
Report of the Trustees 1 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Financial Statements 9 to 15
Detailed Statement of Financial Activities 16

The Good News Broadcasting Association (Great Britain) Limited

Report of the Trustees for the Year Ended 30 June 2021

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 June 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES Objectives and aims

The objectives per the governing document of the chanty is:

The principal activity of the company continued to teach the Bible through audio media.

The aims and differences that the charity seeks to make include:

The main objectives for the year were to continue to encourage and equip Christians with good bible teaching, expand our broadcasting opportunities in the UK and Africa and to introduce more people to the charity and thus increase our listenership and also increase donations. We also wanted to raise the financial giving of our supporters through regular donations and legacies. COVID19 took us by surprise midway through the year but we adapted our objectives to include using our radio programmes and written material to help Christians to deal with the challenges associated with the virus.

The core strategies to achieve these objectives include:

Contacting stations around the globe but particularly in the UK and Africa to offer our programmes.

When reviewing the aims and objectives of the charity, and in planning future activities, the trustees have complied with the duty in section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Commission.

Page 1

The Good News Broadcasting Association (Great Britain) Limited

Report of the Trustees for the Year Ended 30 June 2021

OBJECTIVES AND ACTIVITIES Significant activities

During the year, the charity ran the following activities:-

Broadcasting activities

Internet activities

-YouTube We have made short features and Bible reviews for YouTube along with putting the podcast, Too Hot For Radio, on the site as well.

Other activities

Africa

The charity continues to broadcast Word Alive through TWR in the southern regions of Africa.

Poland

The GNBA board continues to financially support the charity Voice Of The Gospel in Poland which we helped launch over 50 years ago. They do great work in radio, TV and visiting prisons and schools.

Monthly prayer meeting.

We encourage everyone who supports the charity to join us for a bi-monthly prayer meeting on zoom. These meetings have been very well received.

Page 2

The Good News Broadcasting Association (Great Britain) Limited

Report of the Trustees for the Year Ended 30 June 2021

ACHIEVEMENT AND PERFORMANCE Charitable activities

Charitable activities performance achieved against objectives set

This year we decided to distribute our newsletter, Sounding Out electronically through email. We do still provide a paper copy for those on the mailing list who don't have access to the internet. This has saved us money on printing and time in packing.

The Ministry Partners' CD was also moved to an online audio file to save money on posting. The objective is still to keep our stakeholders up to date with the charity. The bi-monthly audio file contains news, offers, teaching, both current and archive, with a reminder that we look to our supporters for the resources to continue

At the beginning of the year things were not looking good for our finances and we approached all the stations we broadcast with to renegotiate the contracts we have with them. This resulting in significant savings. But by the end of the year we had seen an increase in general giving and received notification of three separate legacies. This has improved our finances greatly.

Broadcasting in Africa continues to be one of our core objectives and an aspect of our work that many of our financial supporters are very interested in. Unfortunately we receive no listener feedback and very little interaction from the stations we broadcast with.

The GNBA website (www.gnba.net) continues to bring in visitors from many parts of the world but predominately the UK, the USA.

E-News continues to be spent out regularly letting supporters know about programmes and the latest developments with the charity.

Financial Performance Against Budgets

Costs, including staff, are kept to the minimum required for the maintenance of a good, reliable service to stations and their audiences.

FINANCIAL REVIEW

Financial Review

The Statement of Financial Activities shows a net surplus for the year of £114,593 (2020: deficit of £42,295). Principal funding sources included donors, churches, Christian trusts and bequests.

The unrestricted fund at the year end is £266,458 (2020: £149,820), the restricted fund at the year end were in deficit by £280 (2020: positive funds of £1,765), with the overall reserves totalling £266,178 (2020: £151,585).

The funds held on deposit are required for day-to-day operational costs and provide a cushion against the shortfalls normally experienced. They also provide cover for upcoming leadership transitions which will be caused by forthcoming retirements.

A range of emergency measures could be taken without serious impact on the work of the charity within the UK, should reserves fall below an acceptable level. The charity has been in receipt of differing levels of legacies over recent years, a source of income that is - by its nature - very unpredictable. For this reason, the trustees feel that it is necessary to hold a high level of reserves in order to manage the charity's finances effectively.

Reserves policy

The board recognise that the minimum level of reserves is £31,651, representing 3 months of running costs and redundancy costs less regular monthly income.

At present, the charity's free reserves amount to £256,550 (2020: £151,585). This represents just over 8 times the minimum policy which the trustees consider reasonable due to this being created by legacies which cannot be relied upon in the future.There are no new regular income streams in the year and whilst the board continue to look cut costs in order to maintain sufficient funds in order to continue operations long term, a larger reserve is to being carried forward.

Funds in deficit

A provision has been made for commitments to the Polish Ministry for £2,250 at the year end. The current cash funds for Poland were £1,855 and so there was a deficit at the year end of £395. Following the year end the charity received further restricted monies to cover the deficit.

Page 3

The Good News Broadcasting Association (Great Britain) Limited

Report of the Trustees for the Year Ended 30 June 2021

FUTURE PLANS

This year the trustees agree to expand the goal of GNBA to 'Teaching the bible through media' This is to reflect the development in video production and written materials alongside our radio programmes. With the improved finances the trustees are excited about exploring new opportunities and increasing GNBA's reach in the year to come which may include finding new stations to broadcast on and increasing the staff team.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Governed by the Memorandum and Articles of Association of the company, dated 28 July 1976, amended and updated by special resolution on 8 October 2011.

Recruitment and appointment of new trustees

At the outset, people who have skills which will benefit the charity and further its aims are identified as potential trustees. Their CVs are obtained and circulated to all existing trustees and, assuming consensus is reached on suitability for appointment, they are invited to a board meeting on a 'no commitment either side' basis.

The next stage is an invitation to join the board and, thereafter, a Charity Commission publication giving guidance to new trustees is provided, with training strictly 'in house' through mentoring by the Director and/or existing trustees. A wide range of skills are accessible by the charity through its trustees whose ranks include solicitors, businessmen, consultants and a company finance director among others.

All directors of the company are also trustees of the charity. The trustees who served during the period under review and to date are set out on page 5. In accordance with the Articles of Association, Neville Patterson, Mark Kennett and Paul Sanders retired by rotation at the last Annual General Meeting (September 2016) and, being eligible, were all re-elected.

The charity is organised so that trustees meet regularly to manage its affairs and is grateful to its associates and volunteers for the skills and support that they so willingly bring. All trustees give their time voluntarily. Any expenses claimed by trustees from the charity are set out in note 11 of the accounts.

Organisational structure

Tom Ward works as the full time Director of the ministry, bringing a depth of radio presentation and production skills acquired mainly at Trans World Radio, where he held a key morning slot. His wide ranging media contacts, creativity and fervent faith are added benefits for the ministry.

Melanie Dixey works 16 hours per week on a combination of administration, graphic design and production. Tony Mackin works 8 hours per week on accountancy.

Key management remuneration

Total remuneration paid to key management during the year amounted to £37,711 (2020: £44,550).

Related parties

There are no directly-related parties associated with the charity apart from the trustees.

There are no transactions with related parties in the year.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

01270665 (England and Wales)

Registered Charity number

275115

Registered office

Unit 27 Wilsons Park Monsall Road Manchester M40 8WN

Page 4

rea In num ort of the Trustees for the Year Ended 30 June 2021 Trustees Mr S Hall E Leighton Mr S T Leighton Mr N S Patterson Mr P B Sanders MrTMWard Independent Examiner Wiight Vigar Limited Chartered Ac(x)untar,ts & Business Advisers 15 Newland Lincoln Lincdnshire LN1 1XG Approved by order ol the board of trustees on 31 Varch 2022 and signed on its b&ha￿ by: Mr N S Patterson - Twstee

Independent Examiner's Report to the Trustees of The Good News Broadcasting Association (Great Britain) Limited

Independent examiner's report to the trustees of The Good News Broadcasting Association (Great Britain) Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2021.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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 to be reached.

Paul Colcomb FCCA Wright Vigar Limited Chartered Accountants & Business Advisers 15 Newland Lincoln Lincolnshire LN1 1XG

31 March 2022

Page 6

The Good News Broadcasting Association (Great Britain) Limited

Statement of Financial Activities for the Year Ended 30 June 2021

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS
FROM
Donations and legacies
2
239,255
Charitable activities
4
Sales of literature,videos, CDs,
postage
1,730
Investment income
3
8
Total
240,993
EXPENDITURE ON
Charitable activities
5
Voice of the Gospel Foundation -
Poland
-
Sales of literature,videos, CDs,
postage
-
Radio/literature production
120,392
Other
3,963
Total
124,355
NET INCOME/(EXPENDITURE)
116,638
RECONCILIATION OF FUNDS
Total funds brought forward
149,820
TOTAL FUNDS CARRIED
FORWARD
266,458		 Freehold
property
fund
£
-
-
-
-
-
-
-
-
-
-
-
-		 Restricted
funds
£
205
-
-
205
2,250
-
-
-
2,250
(2,045)
1,765
(280)		 2021
Total
funds
£
239,460
1,730
8
241,198
2,250
-
120,392
3,963
126,605
114,593
151,585
266,178		 2020
Total
funds
£
111,967
230
374
112,571
-
50
151,844
2,972
154,866
(42,295)
193,880
151,585

The notes form part of these financial statements

Page 7

in Assoelatlon Limitèd Great Britarn Balance Sheel 2021 2￿20 Freehold operty fund Unrestr¢t￿l bjnds Rèstrict8d furKIs Total lunds Total funds Notes FIXED ASSETS Tangible assets 4.954 8.917 CURRENT ASSEf8 Debtors Cash at bank 12 42.333 230.050 42,333 232.020 1,731 146,968 1,970 272.383 1,970 274.353 148,699 CREDITORS Amounts falling due Mthin one year 1J {10.819) 12,2501 (13,1291 16,031) NET CURRENT AssEfsiiLIABILmESI 261.504 1280} 261.224 142,668 TOTAL ASSEfs LESS CVRRENT LIABIUTIES 266.458 1280) 266.178 151.585 NET ASSETS 266.458 12801 266,178 151,585 FUNDS Unrestricted lunds Restricted funds 14 266.458 12801 149,820 1.765 TOTAL FUNDS 266,178 151,585 The charrtablè company 1$ enlille(I to exèmplion from aLklit under Secticffl 477 of the Companies Act 20￿ for the year ended 30 June 2021. The membeTS have not requirad the company to obtain an audil of its InancAal slatements for th8 year ended 30 June 2021 in accordan¢¥ vAlh Section 476 of the Companies Act 2(￿. The trustees a¢knovA¢dge their reswnsibilities f( {al ensuring that the charitable ￿rnpanY keeps accounts.ng records that wmply ￿￿th Sections 386 aThJ 387 of the Companies Act 2006 and preparing fI￿ncl31 statements gNe a true and fair view of the stale of affairs of the charitable company as 8t the end of each finanaal year and ol its surplus or dèficil for èath finanaal yèar tn accordancè wth thè rtrquirements of Section5 394 and 395 and otherwse ¢omtAy with the r￿Ul￿ng￿ts of Ihe Companies Act 2006 relating to fftn8n¢ial statgments. $0 frdr as ap￿￿ab￿ to the ch*ila)lè company. {b} These financial stal8ments have been prep8r8d in 8c¢ordan(¥ wth the pro￿1(￿$ 8ppli(¥lJe to ¢haritable ¢ompanie$ subject to the small companies regime. The finaftcial ststgrr8nts ￿re approved by the Prf)aid of Tnjstees and authc￿Ised for issue on 31 March 2022 and ￿tre signed on its behalf by.. Sjrt /lts4Q Zog Mr N S Patterson- Trustee The notes fomi part ofthese financial statements

The Good News Broadcasting Association (Great Britain) Limited

Notes to the Financial Statements for the Year Ended 30 June 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The charity is a company limited by guarantee and registered in England and Wales.

Financial reporting standard 102 - reduced disclosure exemptions

The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount 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 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.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation less depreciation. Assets costing less than £1200 are not capitalised. Depreciation is calculated to write off the cost or valuation of fixed assets (less expected residual value) on a straight line basis over their expected useful economic lives. The rates of depreciation applied are:

Taxation

The charity is exempt from corporation tax on its charitable activities.

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

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Page 9

continued...

The Good News Broadcasting Association (Great Britain) Limited

Notes to the Financial Statements - continued for the Year Ended 30 June 2021

2.
DONATIONS AND LEGACIES
Donations
Gift aid
Legacies
3.
INVESTMENT INCOME
Deposit account interest
4.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Sale of goods
Sales of literature,videos, CDs, postage
Teaching Day
Sales of literature,videos, CDs, postage
5.
CHARITABLE ACTIVITIES COSTS
Direct
Costs (see
note 6)
£
Voice of the Gospel Foundation -
Poland
-
Radio/literature production
120,392
120,392
6.
DIRECT COSTS OF CHARITABLE ACTIVITIES
Staff costs
Radio time purchased
Programme production
Cost of literature
Telephone
Postage
Office supplies/sundries
Rent/ rates
Travel and accomodation
Equipment and furniture
Promotional costs
Insurance
Bank charges
Professional fees
Independent examination fees
Heat and light
IT costs		 2021
£
69,116
9,961
160,383
239,460
2021
£
8
2021
£
1,730
-
1,730
Grant
funding of
activities
(see note
7)
£
2,250
-
2,250
2021
£
54,978
20,754
2,548
-
3,282
3,740
2,714
13,416
274
869
1,222
359
1,248
8,589
4,552
1,726
121
120,392		 2020
£
61,508
3,240
47,219
111,967
2020
£
374
2020
£
150
80
230
Totals
£
2,250
120,392
122,642
2020
£
63,175
35,718
204
50
3,277
3,371
2,463
13,380
1,337
599
7,352
274
856
14,076
3,487
2,195
80
151,894

Page 10

continued...

The Good News Broadcasting Association (Great Britain) Limited

Notes to the Financial Statements - continued for the Year Ended 30 June 2021

7. GRANTS PAYABLE

GRANTS PAYABLE
2021 2020
£ £
Voice of the Gospel Foundation - Poland 2,250 -

During the period the charity made donations of £2,250 (2020: £nil) to a Polish Church to cover missionary support.

8. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2021 2020
£ £
Depreciation - owned assets 3,963 2,972

9. TRUSTEES' REMUNERATION AND BENEFITS

T M Ward, an employee of the charity, was appointed as trustee on 1 April 2019. He continued to receive remuneration for his role as an employee as permitted by the governing document and did not receive any additional amounts relating to his trustee responsibilities.

T M Ward is considered as Key Management Personnel and received remuneration of £37,711 (2020: £44,550) for his role as an employee.

No other trustees' received no remuneration or other benefits for the year ended 30 June 2021 nor for the year ended 30 June 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 June 2021 nor for the year ended 30 June 2020.

10. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Promotion and programme production
Management and administration		 2021
£
49,284
1,126
4,568
54,978
2021
1
2
3		 2020
£
55,645
2,337
5,193
63,175
2020
1
1
2

No employees received emoluments in excess of £60,000.

Page 11

continued...

The Good News Broadcasting Association (Great Britain) Limited

Notes to the Financial Statements - continued for the Year Ended 30 June 2021

11. TANGIBLE FIXED ASSETS

COST
At 1 July 2020 and 30 June 2021
DEPRECIATION
At 1 July 2020
Charge for year
At 30 June 2021
NET BOOK VALUE
At 30 June 2021
At 30 June 2020
12.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
Tax recoverable
Prepayments
13.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Other creditors
Accrued expenses
Pension contributions
14.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
Poland - Voice of Gospel
Sri Lanka - Back to the Bible
B Japan
India - Back to the Bible
TOTAL FUNDS		 Plant and
machinery
£
37,515
28,598
3,963
32,561
4,954
8,917
At 1.7.20
£
149,820
1,650
25
50
40
1,765
151,585		 Fixtures
and
fittings
£
18,612
18,612
-
18,612
-
-
2021
£
38,725
3,608
-
42,333
2021
£
6,379
3,094
3,360
296
13,129
Net
movement
in funds
£
116,638
(2,045)
-
-
-
(2,045)
114,593		 Totals
£
56,127
47,210
3,963
51,173
4,954
8,917
2020
£
1,506
-
225
1,731
2020
£
2,578
557
2,600
296
6,031
At
30.6.21
£
266,458
(395)
25
50
40
(280)
266,178

Page 12

continued...

The Good News Broadcasting Association (Great Britain) Limited

Notes to the Financial Statements - continued for the Year Ended 30 June 2021

14. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Poland - Voice of Gospel
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Poland - Voice of Gospel
Sri Lanka - Back to the Bible
B Japan
India - Back to the Bible
TOTAL FUNDS		 Incoming
resources
£
240,993
205
241,198
At 1.7.19
£
192,665
1,100
25
50
40
1,215
193,880		 Resources
Movement
expended
in funds
£
£
(124,355)
116,638
(2,250)
(2,045)
(126,605)
114,593
Net
movement
At
in funds
30.6.20
£
£
(42,845)
149,820
550
1,650
-
25
-
50
-
40
550
1,765
(42,295)
151,585

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Poland - Voice of Gospel
TOTAL FUNDS		 Incoming
resources
£
112,021
550
112,571		 Resources
Movement
expended
in funds
£
£
(154,866)
(42,845)
-
550
(154,866)
(42,295)

Page 13

continued...

The Good News Broadcasting Association (Great Britain) Limited

Notes to the Financial Statements - continued for the Year Ended 30 June 2021

14. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
Restricted funds
Poland - Voice of Gospel
Sri Lanka - Back to the Bible
B Japan
India - Back to the Bible
TOTAL FUNDS		 At 1.7.19
£
192,665
1,100
25
50
40
1,215
193,880		 Net
movement
in funds
£
73,793
(1,495)
-
-
-
(1,495)
72,298		 At
30.6.21
£
266,458
(395)
25
50
40
(280)
266,178

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Poland - Voice of Gospel
TOTAL FUNDS		 Incoming
resources
£
353,014
755
353,769		 Resources
Movement
expended
in funds
£
£
(279,221)
73,793
(2,250)
(1,495)
(281,471)
72,298

Designated Funds

Property Fund

The property fund represented the property held by the charity from which it ran its charitable activities. As the property was disposed of in the prior year, and the charity is now renting their premises, the fund is no longer required to be designated and therefore was transferred to the general fund in the prior year.

Property & Development Fund

This fund represented monies designated by the trustees to be used for the development of the property and potential reallocation cost. This fund was also been transferred to the general fund in the prior year on the same basis as above.

Restricted Funds

Poland- Voice of Gospel

This fund has arisen from restricted donations to support a radio station in Poland and its missionary support.

Other Restricted Funds

These represent monies donated for the provision of services in other countries and are restricted for use within these geographical areas.

Page 14

continued...

The Good News Broadcasting Association (Great Britain) Limited

Notes to the Financial Statements - continued for the Year Ended 30 June 2021

15. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 June 2021.

Page 15

The Good News Broadcasting Association (Great Britain) Limited

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Gift aid
Legacies
Investment income
Deposit account interest
Charitable activities
Sale of goods
Teaching Day
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Social security
Pensions
Radio time purchased
Programme production
Cost of literature
Telephone
Postage
Office supplies/sundries
Rent/ rates
Travel and accomodation
Equipment and furniture
Promotional costs
Insurance
Bank charges
Professional fees
Independent examination fees
Heat and light
IT costs
Grants to institutions
Other
Plant and machinery
Total resources expended
Net income/(expenditure)		 Detailed Statement of Financial Activities
for the Year Ended 30 June 2021		 2021
£
69,116
9,961
160,383
239,460
8
1,730
-
1,730
241,198
49,284
1,126
4,568
20,754
2,548
-
3,282
3,740
2,714
13,416
274
869
1,222
359
1,248
8,589
4,552
1,726
121
2,250
122,642
3,963
126,605
114,593		 2020
£
61,508
3,240
47,219
111,967
374
150
80
230
112,571
55,645
2,337
5,193
35,718
204
50
3,277
3,371
2,463
13,380
1,337
599
7,352
274
856
14,076
3,487
2,195
80
-
151,894
2,972
154,866
(42,295)

This page does not form part of the statutory financial statements

Page 16