GOODNEWS EVANGELICAL MISSION
Financial health, per its FY2022 accounts
The accounts state that the charity holds unrestricted reserves of £5,899,505 and designated funds of £7,500,000, resulting in total net assets of £13,399,505. Per the trustees' report, the charity is not a fundraising charity and relies on investment income, which was £391,833 for the year. The trustees report a net loss on investments of £805,467, reducing the overall fund balance from the previous year.
What the accounts disclose
Trustees
- ANDREW BARTHOLOMEW GRIFFITHS
- Alan Michael
- Eduardo Juan Harris
- Elizabeth Peltola
- PATRICIA AISBITT
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/11/2024 | £370k | £782k |
| 30/11/2023 | £388k | £1.2m |
| 30/11/2022 | £392k | £1.3m |
| 30/11/2021 | £376k | £973k |
| 30/11/2020 | £407k | £1.3m |
Common questions
Is GOODNEWS EVANGELICAL MISSION financially healthy?
The accounts state that the charity holds unrestricted reserves of £5,899,505 and designated funds of £7,500,000, resulting in total net assets of £13,399,505. Per the trustees' report, the charity is not a fundraising charity and relies on investment income, which was £391,833 for the year. The trustees report a net loss on investments of £805,467, reducing the overall fund balance from the previous year. Its FY2022 accounts were audited by Caladine Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| NEW COMMUNITY CHURCH S.E. LONDON | 1 | £152k |
| SPRING OF HOPE UK LIMITED | 1 | £78k |
| THE CHARIS TRUST | 1 | £10k |