**THE GOOD WAY APOSTOLIC CHURCH (GWAC) Reports and Financial Statements Year ended 31ST DECEMBER 2021 Legal and administrative information** ## **Status** Registered since 2 December 2011 as a private company limited by guarantee with no share capital. Registered as a Charity in England and Wales on 29 December 2014 ## **Trustees & management committee** Evans Ekow Boison (Chairperson) Lydia Sam Seth Owusu Afriyie **Registered Company No** 07869427 **Registered Charity No** 1159728 **Registered office address** Angel Community Centre Raynham Road Edmonton, London N18 2JF **Bankers** Barclays Bank **Accountants** AL Accounting Solutions Limited Chartered Certified Accountants 21A Brighton Road South Croydon Surrey CR2 6EA 1 **THE GOOD WAY APOSTOLIC CHURCH (GWAC) Reports and Financial Statements Year ended 31ST DECEMBER 2021** ## **Trustees Report** The trustees presents its annual report together with the accounts for the year ended 31ST DECEMBER 2021. **MISSION** : To build a Good Way Family dedicated to reaching out to our community and beyond to change the lives of all people including the youth through the Gospel and to raise an army of Believers through the word. **FROM THE CHAIRPERSON** : The Year 2021 was a transition year from the pandemic last year to getting back to the new normality as we know it. This has meant that a combination of online meetings and in person meetings had to be implemented. Despite all the challenges the church continued to persevere in supporting both the church members and the wider community. This has meant getting back to some of our basic principles of fellowship and members wellbeing. Although these came with it own challenges, we have been able to adopt to these and enable us to engage with our members in the best and effective way. We are looking forward to 2022 to bring further improvement and growth during pre-covid times. I would like to commend the resident Pastors and the Presbytery for the continuous hard work, dedication and commitment towards achieving the mission and vision of the church despite the difficulties faced in this transition year. The members of the church have positively embraced the new ways of worshipping and meet ups. **OBJECTIVES AND ACTIVITIES** : As part of our tradition as a church, our theme for the year 2021 was THE YEAR OF EXPECTATION with the theme quotation: Mark 11:24. On this theme and the quotation members were encouraged to have faith in God expecting that anything we do or ask him in prayer by the grace of God we will receive it. **GOVERNANCE AND MANAGEMENT** : The charity’s’ sole employee still remains the resident Pastor of the church, Pastor David Amoah. To help the resident Pastor to manage and coordinate the various departments within the church also there are others who serve as volunteers who were supervised and received required training from the trustees. **ACCOMPLISHMENTS AND PERFORMANCE:** Below is the list of activities undertaken during the year in review, highlights key accomplishments and performances. Until some of the COVID- regulations were suspended all the Churches schedule was largely adapted to meet COVID- regulations, which affected many of the church’s events since most of our services were done online. **JANUARY:** The church ushered in the new year with a crossover all night service where there were prayers were made for individuals, the church as a whole and the nation for the Lord’s blessings and protection throughout the year. After the Crossover night service, on the 3[rd] we had our first New Year Service with Communion. The Church then embarked on 7 days fasting & prayer from Monday 4[th] – Sunday 10[th] under the theme: TEARING DOWN EVIL ALTARS With the theme quotation taken from Judges 6:24-26 (NIV). Again, severe prayers were made for individual, the church and the nation as a whole 18[th] Leadership Seminar to train our leaders how to serve our congregation and the community effectively **FEBRUARY:** To celebrate the year’s Valentine season, from Wednesday 10[th] – Sunday 14[th] we held our annual Valentine’s week seminars, which included teaching seminar for the married, and singles seminar of discussions of matters relating to marriage for the youth. Guest speakers were invited to cater to each group and to share their experiences of marriage and relationships and to also educate singles on how to prepare and how to choose a partner. This year we could not organize our usually couple and singles dinner party where members of the community and friends are always invited to come and celebrate love, marriage and singlehood with us due to Covid restrictions. 2 **THE GOOD WAY APOSTOLIC CHURCH (GWAC) Reports and Financial Statements Year ended 31ST DECEMBER 2021** ## **Trustees report continued..** **MARCH:** In March under the Theme: You will not be disappointed with the Theme Quotation: Proverbs 23:18 from Monday 1[st] – Sunday 21[st] March, we celebrated our annual 21 days of fasting and prayers. The aim of the program as ever was to encourage members to make prayer routine in our lives and to reinforce the power of prayer. Guest speakers and people from the wider community were invited to lead different sessions. Throughout the program we encouraged members to comply with the government guidelines on COVID-19 for protection against the Covid virus. All services, meetings and events at this time were carried out virtually. The church had to restructure the yearly program to cater for online events. On Sunday March 14[th] our women led our service as we celebrated Mother’s Day **APRIL:** A virtual Easter convention was held to mark the Easter season. From Thursday April 1[st] through to Sunday 4[th] the church went through Teachings with prayer on the Passion Week. Every day 8pm-9.30pm on weekdays and two services on Sunday 11am-12.30pm and 1pm-2.30pm were all done online. Members and online viewers were encouraged to partake and were reassured to maintain calm and hold on to their faith in God for protection in the season and indeed the Lord answered our prayer. Members and the wider community in all our services were advised to observe all Covid protocols as delivered by the government. From 18[th] April as directed by the government to allow churches to meet together for services we started our Sunday’s services together and continue our evening services online till today To end the month of April from Wednesday 28[th] – Friday 30[th] we had 3 Days Fasting & Prayer program **MAY** :We held our regular Sunday’s service together and weekly meetings online We ended the month with 3 Days Fasting & Prayer from Wednesday 26[th] – Friday 28[th] **JUNE:** We held our regular Sunday’s service together and weekly meetings online On Sunday 20[th] to celebrate Father’s Day our Men’s Ministry led the service with a drama and teaching to portray who is a good husband to his wife and a good father to his children **Again Monday 28[th] – Wednesday 30[th] we had our 3 Days Fasting & Prayer something which has become a regular program** **JULY:** With our regular Sunday’s service together and regular weekly meetings online we ended the month with end of the month **3 Days Fasting & Prayer** from **Wednesday 28[th] – Friday 30[th]** ## **AUGUST:** Still recovering from the impact of Covid – 19 we held our regular Sunday services together and weekly meetings online. On Friday 27[th] we had Half-Night prayer meeting **SEPTEMBER** : Again, regular Sunday’s service together and weekly meetings remained online. On Thursday 30[th] we had Cross-Over Night service for the Lord to usher us into the New Month safely **OCTOBER:** Alongside our regular Sunday’s service and weekly meetings on online, on Sunday the 3[rd] an Appreciation Service was organized to appreciate the residence Pastor for his sacrifice and dedication for his services to the members and the community On Friday 15[th] – Sunday 17[th] an online program was organized for the Women Ministry to encourage and to educate the women how to cope with life as we recover from the pandemic. 3 ## **THE GOOD WAY APOSTOLIC CHURCH (GWAC) Reports and Financial Statements Year ended 31ST DECEMBER 2021** ## **Trustees report continued..** **NOVEMBER: From 1[st] – 21[st]** November we held our annual 21 days November fasting and prayer where the theme was once again based on “How to have faith in God and expecting to receive from His anything we ask in prayer.” As ever we prayed for our community, the nation and the leaders for the Lord’s protection and guidance. **DECEMBER:** On the Sunday 19[th ] we celebratedour annual Christmas Party this time as JUMPER DAY with everyone wearing Christmas jumper we enjoy and entertained ourselves with many activities performed by all our groups, Men’s Ministry, Women’s Ministry and Sunday’s School. We also presented gifts to ourselves and members of our community who were able to join us in celebrating the Christmas festival. ## Other Activities we do online includes: Every Saturday from 6pm: This Thing Called Marriage. In this program hosted by the residence Pastor we discuss matters relating to marriage issues. In this program many people call to contribute and others ask questions to seek help in their relations Every Sunday morning at 8am on what is known as Gospel Hour we preach the Gospel of Jesus Christ. Again, in this program many call to express how the massage has brought relief to them Every Monday evening from 8pm is another program we do called Discussion Monday where we discuss life issues facing people in our society today And finally on Wednesdays on the Zoom the youth also on Discussion Wednesday also discuss matter relating to the youth. Things which can help them to become better people in the future for the benefit of themselves, their parents, the community and the nation. ## **FINANCIAL NOTE** As we return to some sort of normality we can still feel the impact of the global pandemic.where both donations and general expenses are down. We are hoping that from upcoming year and beyond we are able to meet more often in person to help increase donations among other things. ## **Responsibilities and basis of preparation of the report** The trustees who are also the management committee of the charity are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. signed on behalf of the trustees ………………………………. Date ………………………………. Evans E Boison Chairperson 4 **THE GOOD WAY APOSTOLIC CHURCH (GWAC) Reports and Financial Statements Year ended 31ST DECEMBER 2021** ## **Independent Examiner's report to the Trustees** I report to the trustees on my examination of the accounts of the above charity for the above period. ## **Responsibilities and basis of report:** As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement:** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect: - the accounting records were not kept in accordance with section 130 of the Charities Act; or - the accounts did not accord with the accounting records; or - the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. 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. Alhassan Bangura FCCA Chartered Certified Accountants 21A Brighton Road South Croydon Surrey CR2 6EA Date..................................................... 5 ## **THE GOOD WAY APOSTOLIC CHURCH (GWAC)** ## **Reports and Financial Statements** ## **Statement of Financial Activities (including Income and Expenditure Account) for the year ended 31ST DECEMBER 2021** |**Unrestricted**
**Funds**
**Notes**
£
**Incoming resources:**
Voluntary income
1
69,024
Gift Aid Claims
11,486
Interest received
-
Total Incoming resources
80,510
**Resources Expended:**
Resources Expensed
4
97,039
Total Resources Expended
97,039
Net Surplus / (Deficit) for the year
**(16,529)**
Opening funds
104,871
Closing Funds
88,342|**Total**
**Funds**
**2021**
**£**
**69,024**
**11,486**
**-**
**80,510**
**97,039**
**97,039**
**(16,529)**
**104,871**
**88,342**|Total
Funds
2020
£
78,176
16,968
62| |---|---|---| |||95,206| |||142,727| |||142,727| |||**(47,521)**
**152,392**| |||104,871| No restricted funds at the end of the year 6 ## **THE GOOD WAY APOSTOLIC CHURCH (GWAC) Reports and Financial Statements** **Balance Sheet as at 31ST DECEMBER 2021** |**Fixed assets**
**Current assets:**
Cash at bank
**Current Liabilities**
**Net Assets**
**Represented by:**
Unrestricted funds
Signed on behalf of the trustees|**Notes**
**£**
2
3
**2021**|**2021**|**£**
£
**80,163**
**9,268**
**89,431**
**(1,089)**
**88,342**
**88,342**
**88,342**
-|£
105,342
2,007
107,349
(2,478)
104,871
104,871
104,871
2020|£
105,342
2,007
107,349
(2,478)
104,871
104,871
104,871
2020| |---|---|---|---|---|---| ||||||| ||||||107,349
(2,478)| ||||||104,871| ||||||104,871| ||||||104,871| ||||||| ………………………………. Evans E Boison Chairperson Date: ................................................................. 7 ## **THE GOOD WAY APOSTOLIC CHURCH (GWAC) Reports and Financial Statements** ## **Notes forming part of the financial statements for the year ended 31ST DECEMBER 2021** ## **1 Accounting policies** a) The accounts (financial statements) have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019. b) Voluntary income is received by the way of donations towards religious tithes and offerings. Donations received is included in full in the Statement of Financial Activities in the year in which they are received. c) Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered. d) Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life as follows: - Fixtures Equipment & Furniture 20% - Leasehold Improvements 25% e) Unrestricted funds are donations and other incoming resources received for the objects of the charity without further specified purpose and are available as general funds. |**2**
**Tangible Fixed Assets**
Fixtures.
Leasehold
Fittings &
Improvements Equipment
£
£
Cost:
As at 01.01.21
167,463
46,219
Addition
-
709
As at 31.12.21
167,463
46,928
Depreciation:
As at 01.01.21
73,921
34,419
Charge
23,386
2,502
As at 31.12.21
97,307
36,921
Net Book Value:
As at 01.01.21
93,542
11,800
As at 31.12.21
**70,156**
**10,007**|**Total**
£
**213,682**
**709**| |---|---| ||**214,391**| ||**108,340**
**25,888**| ||**134,228**| ||105,342
**80,163**| 8 ## **THE GOOD WAY APOSTOLIC CHURCH (GWAC) Reports and Financial Statements** ## **Notes forming part of the financial statements for the year ended 31ST DECEMBER 2021** |**3**
**Creditors: amount falling due**
**within one year**
Other taxes and social security
Accruals
**4**
**Total Resources Expended**
Honararium & Members Welfare
Community programmes & Outreach
Salaries & NI cost
Pensions
Vicarage Expenses
Rent & Room Hire
Telephone & Internet
Travelling, Accomodation & Subsistence
Bank Charges & Interest
Multimedia & Consumables
Accountancy Fees
Legal & Professional Fees
Insurance & Licences
Depreciation
**Total**|**2021**
**Total**
**£**
**-**
**1,089**
**1,089**
**3,800**
**4,081**
**15,097**
**1,275**
**22,497**
**15,706**
**640**
**2,321**
**243**
**3,765**
**1,387**
**-**
**339**
**25,888**
**97,039**|2020
Total
£
870
1,608| |---|---|---| |||2,478| |||3,235
3,641
18,148
1,063
20,372
55,328
621
2,071
506
308
2,233
729
341
34,131| |||142,727| 9 **THE GOOD WAY APOSTOLIC CHURCH (GWAC) Reports and Financial Statements** ## **Contents** |Page No|| |---|---| |1|Legal and administrative information| |2-4|Trustees Report| |5|Independent examiners report| |6|Statement of Financial Activities| |7|Balance Sheet| |8-9|Notes forming part of the financial statements| **Registered Charity No: 1159728 Registered Company No: 07869427** THE GOOD WAY APOSTOLIC CHURCH (GWAC) Reports and Financial Statements Year ended 31ST DECEMBER 2021 AL Accounting Solutions Limited Chartered Certified Accountants 21A Brighton Road South Croydon Surrey CR2 6EA