The Trustees present their annual report and financial statements for the 13-month period ended 31 December 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's Memorandum and Articles of Association, the Companies Act 2006 and "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).

The Charity's objects are to advance the Christian religion, to relieve poverty and sickness and such other charitable purposes as the Trustees may from time to time decide. The Trustees confirm they have referred to the Charity Commission's guidance on public benefit when reviewing the Charity's aims and objectives, in planning future activities, and setting the grant-making policy for the year.

Grant-making policy

The Trustees will consider applications for assistance that fall within the objectives of the Charity.

In all cases where financial assistance is being sought, the Charity will restrict its support to organisations and groups that have a Christian ethos and belief, and which actively promote the Good News of Jesus Christ.

The Trustees’ policy is that all applications are made via GEM’s online application form.

Applications for assistance must be approved by the majority of the Trustees at a formal Trustees’ meeting before funds are released.

To help administer grant applications for the time being the Trustees have agreed:

1. Whether an application was approved or declined, applicants cannot re-apply within 12 months of the original grant round.

2. Where a charity has received grants from the Charity for two consecutive years, the Trustees will not normally consider awarding a grant in the third year. Similarly, the charity may re-apply and be granted funding in the fourth and fifth year, but not in the sixth year and so on.

The Trustees will have regard to the objectives of the charity, the charity's risk assessment strategy, any other relevant policies of the charity and any guidance produced by the Charity Commission when considering applications for assistance.

Projects will only be supported following necessary due diligence, regular reports and up to date accounts. This is in accordance with the grant Terms & Conditions, approved and signed by the grantees upon acceptance.

The grant making Policy is reviewed annually by the Trustees.

Background

The Charity has been financially blessed with a large settlement bequeathed by a former Trustee and founder of the Charity. Income is generated by the investments made by the Charity and the Charity is not therefore a fund-raising charity. However, the Trustees remain cognisant of the wishes and intentions of the settlor as evidenced during his lifetime.

The Trustees have primarily (but not exclusively) sought to support projects which not only meet its objectives but more specifically:

(1) alleviate poverty and provide food, clothing, transport, shelter, medical aid, education and Christian teaching/literature to families and children in persecuted, troubled and deprived areas of the world.

(2) alleviate loneliness in the elderly, disabled and socially isolated locally and within the wider UK and bring the Good News of Jesus Christ to hospices, residential care homes and other supported living establishments including shelters for the homeless and accommodation for young persons.

Grant applications

The Trustees are pleased to report that the number of grants awarded by the Charity has continued at a consistent level in the past year. During the year, the trustees met on 6 occasions. The Charity did not experience any interruption to the normal proceedings.

The Trustees considered applications from Christian charities in the UK and abroad and many diverse projects have been supported. The Trustees are particularly keen to assist charities which have a clear desire to promote and spread the Gospel message as an underlying theme to their work.

Grants awarded by the Charity cover various areas, including:

• General / Core Costs

• Advocacy, Evangelism, Outreach & Discipleship

• Befriending

• Chaplaincy, Pastoral & Counselling

• Children & Youth Work

• Events

• Humanitarian Aid / Disaster Relief

• Resources (Bibles / Literature / Courses / Translation)

Future outlook

The Trustees feel privileged to be able to further the Lord’s work by providing financial assistance to so many excellent Christian charities working on the front-line. They feel confident that this assistance is having a tangible impact on the lives and hearts of many suffering communities, individuals, families and children.

In January 2025 Elizabeth Peltola was appointed as a Trustee.

The Charity’s website continues to prove an invaluable tool in making the work and ministry of the Charity known.

The Trustees hope and pray that the flow of applications will continue, and that the Lord’s will and glory will be faithfully served by these resources that He has placed in the Trustees’ care.

Investment income for the period was £381,550 (2024: £370,031). Grant disbursement, raising funds, and administration costs of £903,085 (2024: £782,089) were incurred. There were gains on investments of £739,187 (2024: £1,157,938) giving accumulated funds of £13,328,022 carried forward at 31 December 2025.

Reserves policy

The Charity's policy is to retain sufficient reserves to:

• ensure that the Charity has sufficient funds to meet its financial commitments;

• demonstrate that it is sustainable into the future;

• ensure that the Charity is able to manage future unforeseen financial difficulties;

• ensure that excessive funds are not held without any identifiable reason or for any identifiable purpose

Financial reserves are considered in two parts:

1. Reserves deemed necessary to meet future operational requirements and to protect the Charity against future financial uncertainties including loss of income and unexpected increases in operating costs;

2. Reserves set aside to meet future financial commitments for a specific significant project or venture or planned future commitment.

With a view to generating income into the future, the Trustees have currently designated £8,500,000. This capital is not intended to be spent but invested in keeping with the Charity's investment policy.

The reserves policy is reviewed annually by the Trustees.

Investment policy

The aims and objectives of the Charity's investment policy are to achieve a balance between capital growth and income growth, to ensure reasonable income and achieve a target yield of 3% per annum on the capital invested. The Charity's strategy is to invest in low risk, long term investments. The Charity is prepared to accept some volatility in the value of the portfolio and has deemed inflation the key risk over the long term.

The Charity has a long-term time horizon and does not expect to have to spend a significant proportion of the investment portfolio in the short or medium term.

The Trustees do not want to invest directly in any companies which are involved in the business of tobacco, alcohol, gambling, armaments, military products and services, non-military firearms, pornography, high interest rate lending and human embryonic cloning. In accordance with the Charity Commission guidance, the Trustees choose not to invest directly in companies with a significant interest in the above-mentioned activities. As a guide, significant interest may be taken to mean turnover of 10% or more of a company's total turnover.

The Trustees seek a portfolio diversified by asset class, but excluding direct investment into derivatives, contracts for differences, structured products or commodity funds.

In order to achieve the investment objectives, the following strategic (long term) asset allocation, tactical ranges and benchmarks have been agreed:

Over the short term the portfolio performance is to be compared to the performance of the above strategic asset allocation as represented by the relevant indices. Over long periods of time the total return of the portfolio should be compared to CPI + 2% per annum.

The Charity has adopted a total return approach. This provides the investment manager with greater investment flexibility to both grow the portfolio and help diversify the portfolio against various risks. However, it is accepted that naturally generated income will produce the majority of the annual cash requirement with the remainder coming from expected long term capital gains.

The investment policy is reviewed annually by the Trustees.

Risk policy

The Trustees have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. Over the course of every year the Trustees review the risk policy of the Charity. At each Trustees’ meeting particular attention is also given to all major risks that are faced by the Charity.

The Charity is a company limited by guarantee and constituted under its Memorandum and Articles dated 22 June 2015.

Goodnews Evangelical Mission (Charity number 1067760) was a charity established by a Trust Deed on 2 April 1997, as amended by a supplementary deed enacted on 18 December 1997.

A new limited company was incorporated in June 2015 and Charity Commission registration sought. Upon an order made by the Charity Commission on the 2 March 2016 the two charities were linked.

The Trustees, who are also the directors for the purpose of company law, who served during the 13-month period were:

New Trustees are appointed as the existing Trustees are led of the Lord.

All new Trustees will be required to share the Christian ethos of the Charity and have the necessary skills and expertise to help administer the affairs of the Charity.

Trustees take all the necessary steps to ensure that they remain aware of their obligations and duties as Trustees.

None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

The Charity employs a manager, Hannah Griffiths, to oversee the day-to-day management of the Charity. Hannah reports to the Trustees who meet on a regular basis and are responsible for all legal and fiscal matters.

Caladine Ltd were reappointed auditors during the period under the Companies Act 2006.

Each of the Trustees has confirmed that there is no information of which they are aware which is relevant to the audit, but of which the auditor is unaware. They have further confirmed that they have taken appropriate steps to identify such relevant information and to establish that the auditor is aware of such information.

The Trustees' report was approved by the Board of Trustees.

The Trustees, who are also the directors of Goodnews Evangelical Mission for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial 13-month period which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that 13-month period.

In preparing these financial statements, the Trustees are required to:

- select suitable accounting policies and then apply them consistently;

- observe the methods and principles in the Charities SORP;

- make judgements and estimates that are reasonable and prudent;

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation.

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Opinion

We have audited the financial statements of Goodnews Evangelical Mission (the ‘Charity’) for the 13-month period ended 31 December 2025 which comprise the statement of financial activities, the statement of financial position, the statement of cash flows and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice)

In our opinion, the financial statements:

give a true and fair view of the state of the charitable company's affairs as at 31 December 2025 and of its incoming resources and application of resources, including its income and expenditure, for the 13-month period then ended;

have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and the provisions available for small entities, in the circumstances set out in note 26 to the financial statements, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The Trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of our audit:

the information given in the Trustees' report for the financial 13-month period for which the financial statements are prepared, which includes the directors' report prepared for the purposes of company law, is consistent with the financial statements; and

the directors' report included within the Trustees' report has been prepared in accordance with applicable legal requirements.

In the light of the knowledge and understanding of the Charity and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report included within the Trustees' report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

the financial statements are not in agreement with the accounting records and returns; or

certain disclosures of Trustees' remuneration specified by law are not made; or

we have not received all the information and explanations we require for our audit; or

the Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Trustees' report and from the requirement to prepare a strategic report.

As explained more fully in the statement of Trustees' responsibilities, the Trustees, who are also the directors of the Charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the Trustees are responsible for assessing the Charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

• the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;

• we identified the laws and regulations applicable to the Charity through discussions with Trustees, and from our commercial knowledge and experience of the Charity sector;

• we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the Charity, including the Companies Act 2006, Charities Act 2011 and employment legislation;

• we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and

• identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.

We assessed the susceptibility of the Charity's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

• making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud; and

• considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations.

Audit response to risks identified

To address the risk of fraud through management bias and override of controls, we:

• performed analytical procedures to identify any unusual or unexpected relationships;

• tested journal entries to identify unusual transactions;

• assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and

• investigated the rationale behind significant or unusual transactions.

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

• agreeing financial statement disclosures to underlying supporting documentation;

• reading the minutes of meetings of those charged with governance;

• enquiring of management as to actual and potential litigation and claims; and

• reviewing correspondence with HMRC and relevant regulators

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the Trustees and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

The statement of financial activities includes all gains and losses recognised in the 13-month period. All income and expenditure derive from continuing activities.

Goodnews Evangelical Mission is a private charitable company limited by guarantee incorporated in England and Wales. The registered office is Chantry House, 22 Upperton Road, Eastbourne, East Sussex, BN21 1BF.

The Charity has extended its current accounting period from 30 November 2025 to 31 December 2025. The financial statements are presented for a 13-month period, and therefore the corresponding amounts presented in the financial statements are not entirely comparable.

The financial statements have been prepared in accordance with the Charity's Memorandum and Articles of Association, the Companies Act 2006 and "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)". The Charity is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.

The accounts have been prepared under the historical cost convention with the exception of fixed asset investments which are remeasured to fair value at the reporting date. The principal accounting policies adopted are set out below.

At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Designated funds comprise funds which have been set aside at the discretion of the Trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Income from listed investments and interest are recognised when receivable.

Liabilities are recognised when a constructive obligation exists, the payment is probable and the obligation can be measured or estimated reliably.

Costs of raising funds comprise those costs relating to the investment manager's fees for managing the investments and securities.

Charitable activities include costs relating to the grant funding of activities and the Charity's own activities. Grants have been classified by activities; UK Projects and International Projects.

Support costs comprise administration costs in relation to the grant making, together with governance costs. Governance costs include the costs of auditing the statutory accounts, the costs of Trustees' meetings and the cost of any legal advice to Trustees on governance or constitutional matters. The support costs have been allocated wholly to the charitable activities.

Support and governance costs are proportionately recharged to each charitable activity based on the level of charitable expenditure of each activity. For 2025 the recharge to the nearest whole percent is as follows:

Christian work - UK: 60% (2024: 55%)

Christian work - International: 40% (2024: 45%)

Grant making policy

The Charity supports by the provision of financial grants all of those Christian organisations whose own activities are in accordance with the Charity's objectives. Numerous and varied applications are received by the Charity every month; in addition the Trustees are also aware of other Christian organisations and encourage them to submit applications to the Charity. All applications are prayerfully considered by the Trustees but, due to the Charity's own limited means, not all applications can be supported.

Property, equipment and vehicles are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following basis:

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. Basic financial assets include trade and other receivables and cash and bank balances. Basic financial liabilities including trade and and other payables where trade payables are obligations to pay for goods or services that have been acquired on the ordinary course of operations from suppliers.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

In the application of the Charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The Trustees had £6,223 (2024: £4,697) meeting costs reimbursed and met by the Charity during the period.

The average monthly number of full and part time employees during the 13-month period was:

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

The Charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the Charity in an independently administered fund.

These are unrestricted funds which are material to the Charity's activities.

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the Trustees for specific purposes.

At the reporting end date the Charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Hannah Griffiths (daughter of Trustee Andrew Griffiths) during the 13-month period was paid a salary of £61,852 (2024: £54,843), pension contributions of £5,489 (2024: £4,894) and was reimbursed travel and other expenses totalling £909 (2024: £519). Her original appointment was prior to Andrew Griffiths joining the Board of Trustees and he has no part in any decisions relating to her ongoing employment and remuneration.

The Charity had no material debt during the year.

In common with many charities of our size and nature we use our auditor to assist with the preparation of the financial statements and payroll services.