The Good Little Company Charitable Trust Unaudited Financial Statements 31 March 2025 Chatity Regislralion number. NIC107986
The Good Little Company Charltable Trust Unaudited Financial Statsments 31 March 2026 Pages Trustees, annual report (incorporating the director's report) Independent examlnerfs report to the trustees Statement of financial activitias (includlng income and expanditure account) statement of financial posits'on 10 Notss to the financial statements 11
The Good Little Company Charitable Trust Trustses. Annual Report (Incorporating the Directorfs Report) Year ended 31 March 2025 Referenco and admlnS8tratlve dotai18 Reglstsrnd charlty name The Good Little Company Charitable Trust Charfty reg18tratlon number NIC107986 Publlc addr888 1 S8acourt Maxwell Drive 8angor BT20 3LE The tru•t•e8 Mr John Hea81ip (Chair) Mrs Chrlstine Lynn Mr Andrew Ware (Reslgngd) Mi88 Clara Lynn Ind•p8nd•nt examlner Michelle Robinson FCCA 17 Grays Hill Bangor Co Down 8T20 388 8tructurei governance and management The charity is registered with the Charlty Commission for Northem Ireland and is recognised as a charity by HM Revenue & Customs.
TRUSTEES'ANNUAL REPORT For the period from 1 April 2024 to 31 March 2026 Charity Name: The Good Little Company Charitable Trust Charity Registration Number NIC107986 Objectives and Activities The Good Little Company Charitable Trust ('The Trust") primary objective is to support sustainable development, povety alleviation, and environmental conservation, primarily in Malawi. The Trust operates through Mulanje Mission Hospital and its "Sustainable Livelihoods Programme," which SkS to empower rural communities by providing the tools and training necessary for self-sufficiency. Achievements and Perfomiance Orphaned and Vulnerable Children (OVC) Care The Trust continues to prioritize the care and support of orphaned and vulnerable children within our target communities. We currently support over 500 orphans. This remains the foundation of our work, ensuring that the most at-risk members of the community have access to essential servIs, nutrition, and educational support. This initiative has primanly been fvnded by Finnebrogue and Ardbarron. Clean Cookstoves Project (Changu Changu Moto) The Trust has reached a significant milestone in rts environmental mission. As of this reporting period, we have successfully overseen the construction of 13,000 cookstoves. These improved stoves ntinUe to redu wood consumption and mitigate carbon emissions. The Trust is also working with Action Renewables and is currently at the final stages of seeking verification for carbon credits with Verra. This parthership aims to monetize the environmental benefits of the cookstove project to ensure long4erm financial sustainability for the programme and provide additional firkqncial support for the hospital. This initiative has primanly been funded by Ath"on Renewables and Bleubird.
Irrlgatlon and Agricultural Resilience The Trust has funded six irrigation sites over a number of years. (Luwanje, Wasi, Mwanamvula, Chilira, Mpampha, and Lweya). Signfficant additional work has been done on the existing irrigation sites during this period: At Luwanje and Wasi, the additional boreholes ensure sufficient water to support a wider variety of crops across the full irrigated area. This enables farmers to grow two to three crop cycles annually, increasing productivity, income, and food securty. At Mwanamvula, the redesigned weir system has made post-rainy season maintenance much easier and less labour-intensive, allowing more efficient water intake and a more sustainable operation. These outcomes align well with the Sustainable Livelihoods Programme goals of improving agricultural resilience and promoting community-led food systems. This initiative has primanly been funded by Fane Valley. Indoor Resldual Spraylng (IRS) Our malaria prevention efforts have scaled significantly. In this reporting period, working through MMH the Trust saw the implementation of indoor residual spraying across 65 villages, safeguarding almost 70,000 people from the threat of malaria. This initiative has primanly been funded by Finnebrogue and Ardbarron. Beekeeplng Programme Through GLC and Bleubird funding, the following beekeepers have been trained: Dlrect Bleublrd funding: 200 female beekeepers. Under GLC funding: 236 bkeepers. Under OVC (also supported by GLC fundlng): 90 OVC beekeepers. This brings the total number of trained beekeepers supported by the Trust to $26. The beekeeping program has proven particularly transformative for the mainly female beekeepers. For these women, many of whom are striving to survive on less than two dollars a day, the production and sale of honey provide a vital "liquid gold" asset that delivers immediate economic resilience. Unlike seasonal crops, honey can be harvested and sold to generate a reliable stream of supplemental income, which is frequently reinvested into their thildren's education, essential healthcare, and improved household nutrition. By moving from subsistence to small-scale commercial beekping, these women are not only enhancing local biodiversity through pollination but are also gaining financial independence and a more secure foothold in their communty-led food systems.
This initiative has primanly been funded by Bleubird, and GLC. Para-vets and Livestock Support Through our partnership with Mulanje Mission Hospital, the Trust funds the training and equipping of community-based para-vets. Provided with bicycles and medical starter kits, these workers deliver essential veterinary care-including Newcastle disease and rabies vaccinations-to remote areas where formal services are unavailable. This support is a comerstone of the Trust's Livestock Pass-on Scheme, ensuring that goats and chickens gifted to families (particularly those supporting OVCS) remain healthy. By protecting these vital livestock assets, the programme secures a reliable source of protein and income for families living on the edge of subsistence. This initiative has primanly been funded by Finnebrogue. Solar Power Initiatives The solar power supported by the Trust is exclusively for the m ission hospital. lthile the initial installation took place in a previous year, the Trust continues to fund essential ongoing maintenance. This support has been transformative. the hospital is now virtually self-SLfficient and independent of Malawi's highly unreliable national grid, ensuring that critical medical services can continue without interruption. This initiative has primanly been funded by Action Renewables. Queen's University Belfast During the period under review the trust also made one other donation to Queen's University Belfast. This was to create the Denis Lynn Scholarship for Sustainable Food Innovation at Queen's University. This scholarship was established in memory of Finnebrogue's founder and typically supports students in the Institute for Global Food Security at QUB. This initiative has been funded by Finnebrogue
Financial Review Primary Sources of Funding The Trust is grateful for the continued support of its primary funders: Primary sources of income: Finnebrogue Artisan LtdlGLC Fane Valley Co-operative Large personal donation Ardbarron Trust Action Renewables Bleubird Ltd Reserves (all unrestricted): The Trust's primary sources of income remain unchanged, consisting of generous donations from corporate partners and private individuals. The Trust continues to maintain a prudent financial reserves policy to ensure the continuity of our projects in Malawi. For the financial year ending 31 March 2025, the financial summary is as follows: Item otal Incoming Resources Total Resources Expended Net Movement in Funds Reserves (all unrestricted Amount (GBP) £253,219 £215,132 £38,087 £123,486 'Managed entirely by its trustees, the Trust has no paid staff. Because no funds are allocated toward salaries or personal expenses, 1000A of every donation is utilized directly to support our vital projects and beneficiaries. ° The trustees believe the charity's performance during the year was satisfactory and that the charity is well-placed to continue to meet its objectives in the future. The CharItS activities are well-managed and the trustees are confident that the charity will continue to be able to provide support to its beneficiaries in the years ahead. The trustees are comm itted to continuing to provide support to the charity's beneficiaries and are confident that the charity will continue to make a positive impact on the lives of those it supports in the future.
Structure, Governance, and Management The Trust is governed by a Trust Deed. The Trustees who served during the year and up to the date of this report are responsible for the strategic direction and policy of the charity. New trustees are appointed by the existing board based on the skills and experience they bring to the Trust's m ission. Declaratlon The trustees believe there are no material uncertainties that cast any doubt about the trust's ability to continue as a going concem. The trustees, annual report was approved on 24 February 2026 and signed on behalf of the board of trustaes by: John Hea81ip Trustee Chrlstlne Lynn Trustee
INDEPENDENT EXAMINER'S REPORT TO THE CHARrrY TRUSTEES OF THE GOOD LITTLE COMPANY CHAIUTABLE TRUST I report on the aLxounts of the Trust for the year ended 31 ma 2025, which are set out on pages 9 to 14. RESPEcfivE R&SPONSIBILITIES OF CHAIUTY TRUSTEES AND EL4MtNER As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the Charities Act (Northern Ireland) 2008. It is my responsibility. to: EKamine the aOUnts under section 65 of the Charities Act Follow the procedures laid down in th¢ general DirKtions giv¢n by the Commission under section 65(9)(b) of the Charity A¢t State whether particular matters have come to my attention. BASIS OF INDEPENDENT EK4MINER'S REPORT My examination was Carried out in aOrdanr% with the general Directions given by the Charity Commission for Northern Ireland under section 65(9)(b) of the Charity Act. My examination included a review of the accounting rOrdS kept by th¢ charity and a mp]son of the acwunts psent¢d with those records. It also included considerntion of any unusual items or disclosu$ in th¢ accounts. and seeking explanations from you as charity trustees concerning any such mattels. My rol¢ is to state whether any material Matte have come to my attention giving m¢ cause to believe: That aLwunting reconls were not kept in accordance with section 63 of the Charity Act That the accounts do not accord with those accounting ffcords That the accounts do not comply with the accounting records of the Charities Act That th¢r¢ is furthcr inforniation needed for a proper understanding of the accounts to be reached. INDEPENDEIYT EXAMINER'S STATEMENT Since your charity's gross income exceed £250.000 your examiner must be a member of a listed body. l Gan rA>nfirn] that I am qualifi¢d to und¢rtak¢ th¢ eInation becaus¢ l am a registered member of the Association of Clwtred Certified Accountants which is one of the listed bodies.
I have completed my examination and have no concerns in respect of matters (l) to (4) listed above an<L in connection with following the Directions of the Charity Commission for Northem Itelall I have found no matters that requir¢ drawing to your att¢ntiOn. Michelle Robinson Chartered Certified ACCOUnLt 17 Grays Hill. Bangor. Co Dow Dat¢: 24 February 2026
The Good Little Company Charitable Trust Statement of Financlal Activities (Includlng Income and expendlturn account) Year ended 31 March 2025 2025 2026 Unrested Restricted funds funds Total funds Tolal funds 2026 2024 Income and endowment8 Donations and legacies Charitable activities Investment income 253,219 253.219 345,297 Total Incom• 253,219 263,219 345,297 Expendlturn Expenditure on charitable acts'wti8S Total •xpendttur• 215,132 215,132 215,132 216,132 277,411 277,411 Net In¢om• 38.087 38,087 67.886 Transfers between funds Net movement In lund8 38,087 38,087 87,886 Reconcljlatlon ol funds Totsl funds brought forward Total funds carrfed forward 85,399 123,486 85.399 123.486 17,513 85,399 Tha Statement of financial acbwb68 indudes all gains and losses recognised in the year. All incoma and axpenditure dariva from continuing activities. The noles on pages 11 to 14 fomi part of these stalements.
The Good Little Company Charitsble Trust ststement of Flnanclal Posltion 31 March 2025 2025 2025 2024 Nots Flx•d a880ts Tangible fLxed assets Currnnt a88ets Debtors Cash at bank and in hand 123A88 123.488 85,339 85,339 Credltorn: amounts falllng due wlthln ono year Net currnnt a88et8 Total a880ts IM8 currnnt Ilabllltle8 Not a888ts 123.488 123,488 123,488 85,339 85,339 85,339 Funds ol the charlty Restn'cted funds Unrestricted funds Totsl charlty funds 123,486 123.486 85,399 85,399 10 For the year ended 31 March 2025 the charity was entided to exernpt from audit under section These financial statsments were approved by the board of trustees and authorised for issue on 24 February 2026 and are Signed on behalf of the board by: Mr John Heaslip Mrs Christine Lynn Trustees The notes on pages 11 to 14 fomi part of these statements. -1
The Good Litue Company Charitable Trust Notes to the Flnanclal statements Year ended 31 March 2024 1. General Infomiation The charily is a public beneft entity arKI a regKster&J charity in Northem Ireland. The public address Is 1 Seacourt, Maxwell Drive, Bangor, BT20 3LE. 18tatement of compliance These financial statements have been prepared in compliance wilh FRS 102, The Financial Reportlng Standard applicable in the UK and the Republic of Ireland,, the Ststement of Recommended Prathice applicable io charities preparing their accounts in accordance wrth the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006. 3. Accountlng pollcies Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and Inlment properties measured at fair value through Inco or expenditure. The financial slatements are prepared in erlIng. which is Ihe functional cxjrrency of the enlity Going concern There are no material uncertainties about the chartS abilty to continue Disclosure exemptions The entty satisfies the criteria of being a qualifyirvJ entty as defined in FRS 102. (a) No cash flow statement has been presented for the company. (b) Disclosures in spect of financial instruments have not been presented. Judgements and key sources of eslimalion uncertainty The preparation of the financial st*ements requires rnanagernent to make judgements. estimates and assumptions that affecl the amounts reported. These estimates and judgemerrts are continually reviewed and are based on experience and other factols. includir¥J eXpectlOnS of future events that are believed to be reasonable under the circumstances. -11-
Fund accounting Unrestricted funds are avallable for use at the discretion of the trustees to further any of th8 charlty's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular fijture projects or commitments. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two su¢18SSes. restrlcted Income funds or endowment funds. Incoming resources All Incomlng resources are Included In the statement of financlal activitles when enlftlemenl has passed lo the charity; it is probable that the economic benefts associated with the transactlon will flow to the charity and the amount can be reliably measured. The following speclfic pollcies are applied to partlcular categorles of Income.. Income from donations or grants Is recognlsed when there Is evldence of entitlement to the glft, recelpt Is probable and Its amount can be measured reliably. legacy Income Is recogntsed when recelpt Is probable and entitlement Is 8Stabllshed. Income from donated goods Is measured at the falr value of the goods unless thls Is impractical to Measure reliably, In whlch case the value Is derlved from the cost to the donor or the estlmated resale value. Donated faclllties and servlces are recognls8d In the accounts when received If the value can be reliably me8sured. No 8mounis are Included for Ihe contrlbutlon of gener81 volunteers. Income from contracts for the supply of services Is recognlsed wlth the delfvery of the contracted sep41ce. Thls Is classlfied as unrestrlded funds unless there Is a contractual requlrement for tt to be spenl on a partlcular purpose and returned If unspent. In whlch case It may be regarded as restdcted. Resources expended Expendlture Is recognlsed on an accruals bashs as a Ilabllity Is Incurred. Exp8ndlture Indudes any VAT whlch cannot be fully recovared, and Is classlfled under headlngs of the statement of flnaftclal actIvItS to whlch It relates: expendrture on ralslng funds Includes the costs of all fundralslng activlties, events, non- charftable tradlng activitles, and the sale of donaled goods. expendtture on charitable actlvitles includes all costs Incurred by a charfty in undertaklng actlvftles that further hs charflable alms for the benefft of Its beneficlarles, Includlng those support costs and costs relaiing io the govemance of the charity apportSoned to charitable activitles, other expendlture Includes all expendfture that Is nelther related to raislng funds for the chaiity nor part of its expenditure on charttable activilies. All costs are allocated to expendlture categories reflecting the use of the resource. Dlrect costs attributable to a slngle actlvtty are allocated d5rectly to that 8CtIKrty, Shared costs are apportioned between the actlvttles they contrlbute to on a reasonable, Justifiable and conslstent basls -12-
Donat10 and legacles Unrestricted Restricted Total Funds Funds Funds 2026 Donath>n8 General glvlng Glft Ald 233.665 19,554 253,219 233,665 19,554 253,219 Unrestricted Restricted Total Funds Funds Funds 2024 Donatlons General glvlng Glft Aid 324,500 20,797 345,297 324.500 20,797 345,297 Expendlture on charltable acllvlll•s by fund type Unrestrlcted Restrlcted Total Funds Funds Funds 2025 Mlsslon support Support costs 215,132 215,132 215,132 215.132 Unrestrtcted Restrfcted Totsl Funds Funds FurKIs 2024 Mlssion support Support costs 277,411 277,411 277,411 277,411 -13-
Staff costs The charity has no slaff. (2024 nll) 7. Trustee ramuneratlon and expenses No remuneration or other benefEts from employment with the charity or a related entity were received by the trustees. Debtors 2025 2024 Other debtors Credltors: amounts falllng due wlthln one year 2025 2024 Accruals and deferred income 10. Analysls of charltable funds Unrestrlcted funds At 1 April 2024 At 31 March 2025 Income Expenditure Transfers Generdl funds 85,399 253,219 (215.132) 123.486 At 1 April 2023 At 31 March 2024 Income Expenditure Transfers General funds 17,513 345,297 (277,411) 85.399 -14-