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 S￿kS 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 servI￿s, 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 b￿keepers. 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 beek￿ping, 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 CharIt￿S 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 a￿OUnts 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 a￿Ordanr% 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 r￿OrdS kept by th¢ charity and a mp￿]son of the acwunts p￿sent¢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¢ e￿Ination 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 ann8 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-