REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements |
for the Year Ended 30 June 2023 |
for |
The Good News Broadcasting Association |
(Great Britain) Limited |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements |
for the Year Ended 30 June 2023 |
for |
The Good News Broadcasting Association |
(Great Britain) Limited |
The Good News Broadcasting Association |
(Great Britain) Limited |
Contents of the Financial Statements |
for the Year Ended 30 June 2023 |
Page |
Report of the Trustees | 1 | to | 4 |
Independent Examiner's Report | 5 |
Statement of Financial Activities | 6 |
Balance Sheet | 7 |
Notes to the Financial Statements | 8 | to | 13 |
The Good News Broadcasting Association |
(Great Britain) Limited (Registered number: 01270665) |
Report of the Trustees |
for the Year Ended 30 June 2023 |
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 2023. 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: |
- To stimulate and promote the advancement of the Christian faith in all parts of the world by means of radio, satellite or Internet broadcasting and, by such other means, being exclusively charitable in its objects as the Association shall determine in harmony with its Statement of Faith. |
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: |
- Through clear Bible teaching, promoting the Christian faith, encouraging Christians to be active in service of the Church and their local community, and encouraging non-Christians to accept the offer of salvation through faith in Jesus Christ; |
- Meeting the social and emotional needs of listeners. This is achieved through dealing with emotive concern, including stress, worry, loneliness, insecurity, grief and guilt; and |
- Following up on those who respond to the charity's outreach, providing an advisory service which helps to sustain and strengthen the weak by phone, letter or email. |
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: |
- Making radio programmes that are relevant, accessible, enjoyable but also in line with our evangelical Christian convictions. |
Contacting stations around the globe but particularly in the UK and Africa to offer our programmes. |
- Networking with others Christian charities and ministries to consider partnerships or simple increasing knowledge about who we are and what we do. |
- Increased presence at Christian conferences |
- Using online and print advertising through Christian magazines and websites |
- Continuing to develop our online presence through exclusive content on our website and increased interactions on social media |
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. |
The Good News Broadcasting Association |
(Great Britain) Limited (Registered number: 01270665) |
Report of the Trustees |
for the Year Ended 30 June 2023 |
OBJECTIVES AND ACTIVITIES |
Significant activities |
During the year, the charity ran the following activities:- |
Broadcasting activities |
- Word Alive remains our most popular programme. It has been reduced in length to 26 minutes and continues to be aired on Premier Christian Radio, TWR-UK and a range of local, national and international stations (Particularly in the southern regions of Africa) as well as via Internet outlets. |
- Bible Focus Focus is our 10-minute week-day teaching programme. It features a number of different speakers. It is widely distributed across the UK on secular and Christian radio stations. |
- The Everlasting Way is a short evangelistic devotional. |
Internet activities |
- YouTube We have made short features and Bible reviews for YouTube. |
- Sermonise is a fortnightly podcast aimed at encouraging preachers in learning how to preach the Bible effectively. |
- GNBA website All the programmes we produce are also available on our website. We update the website with new content every day. |
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. |
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 thank you for their support. |
General giving is still 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. |
The GNBA website (www.gnba.net) continues to bring in visitors from many parts of the world but predominately the UK and the USA. |
We send our regular emails called 'E-News' to let 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. |
The Good News Broadcasting Association |
(Great Britain) Limited (Registered number: 01270665) |
Report of the Trustees |
for the Year Ended 30 June 2023 |
FINANCIAL REVIEW |
Financial Review |
The Statement of Financial Activities shows a net deficit for the year of £60,526 (2022: £371,438 surplus). Principal funding sources included donors, churches, Christian trusts and bequests. During the year, the charity recognised legacies totalling £1,845 (2022: £444,814) which last year made a significant effect on the financial position of the charity. |
The unrestricted fund at the year end is £576,975 (2022: £637,501), the restricted funds at the year end were £115 (2022: £115), with the overall reserves totalling £577,090 (2022: £637,616). |
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 £50,000, representing 3 months of running costs less regular monthly income as computed in 2023. |
At present, the charity's free reserves amount to £576,975 (2022: £637,501). This represents just over 11 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 charity celebrates our 70th year of broadcasting in the UK. With this milestone in mind and with the finances in a stronger position the trustees aim to significantly increase the amount of radio content and podcasts we produce. This will achieved by taking on a new full-time producer and a part-time producer. It is our aim to greatly increase the amount of stations that broadcast our content. We plan to hold a number of events around the country and online to commemorate our 70 years. Our director will also travel to churches that support the charity to update them in person of our ongoing work. Also we want to focus on new partnerships with other charities to increase our reach. We will also seek to employ a part-time finance administrator to help with bookkeeping and admin. |
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. They are invited to a board meeting on a 'no commitment either side' basis. |
The next stage is an invitation to join the board. A wide range of skills are accessible by the charity through its trustees whose ranks include solicitors, businessmen, consultants and accountants. |
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. |
The Good News Broadcasting Association |
(Great Britain) Limited (Registered number: 01270665) |
Report of the Trustees |
for the Year Ended 30 June 2023 |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Key management remuneration |
Total remuneration paid to key management during the year amounted to £40,932 (2022: £38,717). |
Related parties |
There are no directly-related parties associated with the charity apart from the trustees. |
Apart from the transactions with trustees disclosed in the above note, there are no related party transactions. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
Trustees |
Independent Examiner |
Wright Vigar Limited |
Chartered Accountants & Business Advisers |
15 Newland |
Lincoln |
Lincolnshire |
LN1 1XG |
Approved by order of the board of trustees on |
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 2023. |
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 |
3. | 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 |
4. | 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 |
9 February 2024 |
The Good News Broadcasting Association |
(Great Britain) Limited |
Statement of Financial Activities |
for the Year Ended 30 June 2023 |
2023 | 2022 |
Freehold |
Unrestricted | property | Restricted | Total | Total |
funds | fund | funds | funds | funds |
Notes | £ | £ | £ | £ | £ |
INCOME AND ENDOWMENTS | FROM |
Donations and legacies | 2 | 42,956 | - |
Charitable activities | 4 |
25 |
- |
Investment income | 3 | 2,004 | - |
Other income | 4,926 | - |
Total | 49,911 | - |
EXPENDITURE ON |
Charitable activities | 5 |
- |
- |
4,858 |
- |
Radio/literature production | 104,588 | - | - | 104,588 | 116,287 |
Other | 991 | - |
Total | 110,437 | - |
NET INCOME/(EXPENDITURE) | (60,526 | ) | - | ( |
) |
RECONCILIATION OF FUNDS |
Total funds brought forward | 637,501 | - |
TOTAL FUNDS CARRIED FORWARD |
576,975 |
- |
637,616 |
The Good News Broadcasting Association |
(Great Britain) Limited (Registered number: 01270665) |
Balance Sheet |
30 June 2023 |
2023 | 2022 |
Freehold |
Unrestricted | property | Restricted | Total | Total |
funds | fund | funds | funds | funds |
Notes | £ | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 11 | - | - |
CURRENT ASSETS |
Debtors | 12 | 2,982 | - |
Cash at bank | 582,955 | - |
585,937 | - |
CREDITORS |
Amounts falling due within one year |
13 |
(8,962 |
) |
- |
( |
) |
( |
) |
NET CURRENT ASSETS | 576,975 | - |
TOTAL ASSETS LESS CURRENT LIABILITIES |
576,975 |
- |
NET ASSETS | 576,975 | - |
FUNDS | 14 |
Unrestricted funds | 637,501 |
Restricted funds | 115 |
TOTAL FUNDS | 637,616 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023. |
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006. |
The trustees acknowledge their responsibilities for |
(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
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 |
The Good News Broadcasting Association |
(Great Britain) Limited |
Notes to the Financial Statements |
for the Year Ended 30 June 2023 |
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': |
• | the requirements of Section 7 Statement of Cash Flows. |
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: |
- | Plant and Equipment | 25% or 33.3% |
- | Fixtures and Fittings | 25% |
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. |
The Good News Broadcasting Association |
(Great Britain) Limited |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2023 |
2. | DONATIONS AND LEGACIES |
2023 | 2022 |
£ | £ |
Donations |
Legacies |
3. | INVESTMENT INCOME |
2023 | 2022 |
£ | £ |
Deposit account interest |
4. | INCOME FROM CHARITABLE ACTIVITIES |
2023 | 2022 |
Activity | £ | £ |
Sale of goods | Sales of literature,videos, CDs, postage | 25 | 445 |
5. | CHARITABLE ACTIVITIES COSTS |
Direct |
Costs (see |
note 6) |
£ |
Sales of literature,videos, CDs, postage | 4,858 |
Radio/literature production | 104,588 |
109,446 |
6. | DIRECT COSTS OF CHARITABLE ACTIVITIES |
2023 | 2022 |
£ | £ |
Staff costs | 64,872 | 64,041 |
Radio time purchased | 1,446 | 12,344 |
Programme production | 1,493 | 1,114 |
Conference costs | 1,000 | - |
Telephone | 4,122 | 4,114 |
Postage | 1,653 | 1,076 |
Office supplies/sundries | 1,468 | 1,371 |
Rent/ rates | 17,509 | 12,675 |
Travel and accomodation | 2,859 | 1,685 |
Equipment and furniture | 1,378 | 3,186 |
Promotional costs | 2,243 | 1,000 |
Insurance | 462 | 445 |
Bank charges | 913 | 968 |
Professional fees | 2,087 | 6,817 |
Independent examination fees | 4,897 | 4,170 |
Heat and light | 1,044 | 1,281 |
109,446 | 116,287 |
The Good News Broadcasting Association |
(Great Britain) Limited |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2023 |
7. | GRANTS PAYABLE |
2023 | 2022 |
£ | £ |
Voice of the Gospel Foundation - Poland | - | 2,250 |
8. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
2023 | 2022 |
£ | £ |
Depreciation - owned assets |
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 £40,932 (2022: £38,717) for his role as an employee. |
No other trustees' received remuneration or other benefits for the year ended 30 June 2023 nor for the year ended 30 June 2022. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 30 June 2023 nor for the year ended 30 June 2022. |
10. | STAFF COSTS |
2023 | 2022 |
£ | £ |
Wages and salaries |
Social security costs |
Other pension costs |
64,872 | 64,041 |
The average monthly number of employees during the year was as follows: |
2023 | 2022 |
Promotion and programme production | 1 | 1 |
Management and administration | 2 | 2 |
The Good News Broadcasting Association |
(Great Britain) Limited |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2023 |
11. | TANGIBLE FIXED ASSETS |
Fixtures |
Plant and | and |
machinery | fittings | Totals |
£ | £ | £ |
COST |
At 1 July 2022 and 30 June 2023 |
DEPRECIATION |
At 1 July 2022 |
Charge for year |
At 30 June 2023 |
NET BOOK VALUE |
At 30 June 2023 |
At 30 June 2022 |
12. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Other debtors |
Prepayments and accrued income |
13. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Other creditors |
Accrued expenses |
Pension contributions | 356 | 336 |
14. | MOVEMENT IN FUNDS |
Net |
movement | At |
At 1.7.22 | in funds | 30.6.23 |
£ | £ | £ |
Unrestricted funds |
General fund | 637,501 | (60,526 | ) | 576,975 |
Restricted funds |
Sri Lanka - Back to the Bible | 25 | - | 25 |
B Japan | 50 | - | 50 |
India - Back to the Bible | 40 | - | 40 |
- |
TOTAL FUNDS | (60,526 | ) | 577,090 |
The Good News Broadcasting Association |
(Great Britain) Limited |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2023 |
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 | 49,911 | (110,437 | ) | (60,526 | ) |
TOTAL FUNDS | ( |
) | (60,526 | ) |
Comparatives for movement in funds |
Net | Transfers |
movement | between | At |
At 1.7.21 | in funds | funds | 30.6.22 |
£ | £ | £ | £ |
Unrestricted funds |
General fund | 266,458 | 371,438 | (395 | ) | 637,501 |
Restricted funds |
Poland - Voice of Gospel | (395 | ) | - | 395 | - |
Sri Lanka - Back to the Bible | 25 | - | - | 25 |
B Japan | 50 | - | - | 50 |
India - Back to the Bible | 40 | - | - | 40 |
(280 | ) | - | 395 | 115 |
TOTAL FUNDS | 266,178 | 371,438 | - | 637,616 |
Comparative 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 |
Restricted Funds |
Other Restricted Funds |
These represent monies donated for the provision of services in other countries and are restricted for use within these geographical areas. |
The Good News Broadcasting Association |
(Great Britain) Limited |
Notes to the Financial Statements - continued |
for the Year Ended 30 June 2023 |
15. | RELATED PARTY DISCLOSURES |