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2022-06-30-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 2022

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 2022

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 14
Detailed Statement of Financial Activities 15

The Good News Broadcasting Association (Great Britain) Limited

Report of the Trustees for the Year Ended 30 June 2022

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 2022. 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.

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 2022

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 2022

ACHIEVEMENT AND PERFORMANCE Charitable activities Charitable activities performance achieved against objectives set

This year we continued 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.

Our Ministry Partners are people who support GNBA financially each month. We keep regular contact with them and send exclusive content as a thankyou for their support.

General giving is still well below our outgoing costs but due to previous legacies the charity is in a healthy place financially.

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 and 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 £371,438 (2021: £114,593). Principal funding sources included donors, churches, Christian trusts and bequests. During the year, the charity recognised legacies totalling £444,814 (2021: £160,383) which have made a significant effect on the financial position of the charity.

The unrestricted fund at the year end is £637,501 (2021: £266,458), the restricted fund at the year end were £115 (2021: deficit of £280), with the overall reserves totalling £637,616 (2021: £266,178).

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 as computed in 2021. Costs have reduced in 2022 however the board expects cost increases in future periods and as such have agreed to maintain the minimum level for review in 2023.

At present, the charity's free reserves amount to £636,510 (2021: £261,504). 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 larges reserve allows some security in the mid term for the charity.

FUTURE PLANS

This year the trustees aim to increase the variety of our radio content to include short drama features and a programme for children. We plan to increase our video content with a weekly bible teaching programme which will be made available to Christian TV networks in the UK. We also plan to develop some radio programmes in other languages through translation work. To sustain our current output along with producing these new programmes we will need to employ a radio producer and also a part-time book-keeper.

Page 3

The Good News Broadcasting Association (Great Britain) Limited

Report of the Trustees for the Year Ended 30 June 2022

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.

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 9 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 £38,717 (2021: £37,711).

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

Trustees

S Hall (resigned 24.1.23) E Leighton S T Leighton N S Patterson P B Sanders T M Ward

Page 4

The Good News Broadcasting Association (Great Britain) Limited

Report of the Trustees for the Year Ended 30 June 2022

REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner

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

Approved by order of the board of trustees on 30 March 2023 and signed on its behalf by:

Neville Patterson

Neville Patterson (Mar 30, 2023 13:49 GMT+1)

N S Patterson - Trustee

Page 5

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 2022.

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

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of FCCA which is one of the listed bodies.

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

Paul Colcomb (Mar 30, 2023 13:54 GMT+1)

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

30 March 2023

Page 6

The Good News Broadcasting Association (Great Britain) Limited

Statement of Financial Activities for the Year Ended 30 June 2022

Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS
FROM
Donations and legacies
2
485,906
Charitable activities
4
Sales of literature,videos, CDs,
postage
445
Investment income
3
1
Other income
5,336
Total
491,688
EXPENDITURE ON
Charitable activities
5
Voice of the Gospel Foundation -
Poland
-
Radio/literature production
116,287
Other
3,963
Total
120,250
NET INCOME
371,438
Transfers between funds
14
(395)
Net movement in funds
371,043
RECONCILIATION OF FUNDS
Total funds brought forward
266,458
TOTAL FUNDS CARRIED
FORWARD
637,501		 Freehold
property
fund
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Restricted
funds
£
2,250
-
-
-
2,250
2,250
-
-
2,250
-
395
395
(280)
115		 2022
Total
funds
£
488,156
445
1
5,336
493,938
2,250
116,287
3,963
122,500
371,438
-
371,438
266,178
637,616		 2021
Total
funds
£
239,460
1,730
8
-
241,198
2,250
120,392
3,963
126,605
114,593
-
114,593
151,585
266,178

The notes form part of these financial statements

Page 7

The Good News Broadcasting Association (Great Britain) Limited

Balance Sheet 30 June 2022

Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
11
991
CURRENT ASSETS
Debtors
12
52,818
Cash at bank
598,067
650,885
CREDITORS
Amounts falling due within one
year
13
(14,375)
NET CURRENT ASSETS
636,510
TOTAL ASSETS LESS
CURRENT LIABILITIES
637,501
NET ASSETS
637,501
FUNDS
14
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Freehold
property
fund
£
-
-
-
-
-
-
-
-		 Restricted
funds
£
-
-
115
115
-
115
115
115		 2022
Total
funds
£
991
52,818
598,182
651,000
(14,375)
636,625
637,616
637,616
637,501
115
637,616		 2021
Total
funds
£
4,954
42,333
232,020
274,353
(13,129)
261,224
266,178
266,178
266,458
(280)
266,178

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 in accordance with Section 476 of the Companies Act 2006.

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 30 March 2023 and were signed on its behalf by:

Neville Patterson

Neville Patterson (Mar 30, 2023 13:49 GMT+1)

N S Patterson - Trustee

The notes form part of these financial statements

Page 8

The Good News Broadcasting Association (Great Britain) Limited

Notes to the Financial Statements for the Year Ended 30 June 2022

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 2022

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
5.
CHARITABLE ACTIVITIES COSTS
Direct
Costs (see
note 6)
£
Voice of the Gospel Foundation -
Poland
-
Radio/literature production
116,287
116,287
6.
DIRECT COSTS OF CHARITABLE ACTIVITIES
Staff costs
Radio time purchased
Programme production
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		 2022
£
43,342
-
444,814
488,156
2022
£
1
2022
£
445
Grant
funding of
activities
(see note
7)
£
2,250
-
2,250
2022
£
64,041
12,344
1,114
4,114
1,076
1,371
12,675
1,685
3,186
1,000
445
968
6,817
4,170
1,281
-
116,287		 2021
£
69,116
9,961
160,383
239,460
2021
£
8
2021
£
1,730
Totals
£
2,250
116,287
118,537
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

Page 10

continued...

The Good News Broadcasting Association (Great Britain) Limited

Notes to the Financial Statements - continued for the Year Ended 30 June 2022

7. GRANTS PAYABLE

GRANTS PAYABLE
2022 2021
£ £
Voice of the Gospel Foundation - Poland 2,250 2,250

During the period the charity made donations of £nil (2021: £2,250) to a Polish Church to cover missionary support.

8. NET INCOME/(EXPENDITURE)

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

2022 2021
£ £
Depreciation - owned assets 3,963 3,963

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 £38,717 (2021: £37,711) for his role as an employee.

No other trustees' received remuneration or other benefits for the year ended 30 June 2022 nor for the year ended 30 June 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 June 2022 nor for the year ended 30 June 2021.

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		 2022
£
54,309
4,723
5,009
64,041
2022
1
2
3		 2021
£
49,284
1,126
4,568
54,978
2021
1
2
3

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 2022

11. TANGIBLE FIXED ASSETS

Plant and
machinery
£
COST
At 1 July 2021 and 30 June 2022
37,515
DEPRECIATION
At 1 July 2021
32,561
Charge for year
3,963
At 30 June 2022
36,524
NET BOOK VALUE
At 30 June 2022
991
At 30 June 2021
4,954
12.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
Tax recoverable
13.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Other creditors
Accrued expenses
Pension contributions
14.
MOVEMENT IN FUNDS
Net
movement
At 1.7.21
in funds
£
£
Unrestricted funds
General fund
266,458
371,438
Restricted funds
Poland - Voice of Gospel
(395)
-
Sri Lanka - Back to the Bible
25
-
B Japan
50
-
India - Back to the Bible
40
-
(280)
-
TOTAL FUNDS
266,178
371,438		 Fixtures
and
fittings
£
18,612
18,612
-
18,612
-
-
2022
£
52,818
-
52,818
2022
£
1,291
2,788
9,960
336
14,375
Transfers
between
funds
£
(395)
395
-
-
-
395
-		 Totals
£
56,127
51,173
3,963
55,136
991
4,954
2021
£
38,725
3,608
42,333
2021
£
6,379
3,094
3,360
296
13,129
At
30.6.22
£
637,501
-
25
50
40		 Totals
£
56,127
51,173
3,963
55,136
991
4,954
2021
£
38,725
3,608
42,333
2021
£
6,379
3,094
3,360
296
13,129
115
637,616

Page 12

continued...

The Good News Broadcasting Association (Great Britain) Limited

Notes to the Financial Statements - continued for the Year Ended 30 June 2022

14. MOVEMENT IN FUNDS - continued

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

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 491,688 (120,250) 371,438
Restricted funds
Poland - Voice of Gospel 2,250 (2,250) -
TOTAL FUNDS 493,938 (122,500) 371,438
Comparatives for movement in funds
Net
movement At
At 1.7.20 in funds 30.6.21
£ £ £
Unrestricted funds
General fund 149,820 116,638 266,458
Restricted funds
Poland - Voice of Gospel 1,650 (2,045) (395)
Sri Lanka - Back to the Bible 25 - 25
B Japan 50 - 50
India - Back to the Bible 40 - 40
1,765 (2,045) (280)
TOTAL FUNDS 151,585 114,593 266,178
Comparative net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 240,993 (124,355) 116,638
Restricted funds
Poland - Voice of Gospel 205 (2,250) (2,045)
TOTAL FUNDS 241,198 (126,605) 114,593

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.

Transfers between funds

Page 13

continued...

The Good News Broadcasting Association (Great Britain) Limited

Notes to the Financial Statements - continued for the Year Ended 30 June 2022

14. MOVEMENT IN FUNDS - continued

Transfers between funds - continued

Poland- Voice of Gospel

A transfer of £395 was made from the general funds to the Poland fund to cover excess costs.

15. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 June 2022.

Page 14

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
Other income
Other income
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Social security
Pensions
Radio time purchased
Programme production
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		 Detailed Statement of Financial Activities
for the Year Ended 30 June 2022		 2022
£
43,342
-
444,814
488,156
1
445
5,336
493,938
54,309
4,723
5,009
12,344
1,114
4,114
1,076
1,371
12,675
1,685
3,186
1,000
445
968
6,817
4,170
1,281
-
2,250
118,537
3,963
122,500
371,438		 2021
£
69,116
9,961
160,383
239,460
8
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

This page does not form part of the statutory financial statements

Page 15