THE GOOD WAY APOSTOLIC CHURCH (GWAC) Reports and Financial Statements Year ended 31ST DECEMBER 2022
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
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THE GOOD WAY APOSTOLIC CHURCH (GWAC) Reports and Financial Statements Year ended 31ST DECEMBER 2022
Trustees Report
The trustees presents its annual report together with the accounts for the year ended 31ST DECEMBER 2022.
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 : Having come out of the pandemic, the year 2022 has been a rebuilding process to get the church going once again. In spite of the challenges the church has continually to live our obligation by influencing both the church members and our community at large. To achieve this, we undertake a series of events aimed at empowering and shaping the lives of individuals in the church and the lives of those of our local community.
Due to many disruptions in our bookings our English service was re-located from Haringey Sixth Form Centre to Raynham Primary School in Edmonton while the Twi services is still being held at Angel Community Centre Raynham Road N18 2JF.
On behalf of the trustees, I would like to commend the resident Pastors and the Presbytery for affecting the members of the church significantly which has encouraged them to grow in their faith journey and other areas of their lives due to their constant hard work, dedication and commitment aiming to achieve the mission and vision of the church.
OBJECTIVES AND ACTIVITIES : As part of our tradition as a church, our theme for the year 2022 was THE PRESENCE OF GOD. Taking from Exodus 33:14
Members were asked by the Pastors to seek and be conscious of the presence of God at all times and at anywhere for the presence of God provides help during troubled times, divine rest, spiritual strength & encouragement and many more.
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, are others who also 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. Though 2022 was a re-building process as we were coming out of the pandemic which affected many of the church’s events since still most of our services were done online.
JANUARY: As a tradition of our church, we were ushered into the new year with a Crossover Night Service where 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 Sunday 2[nd] of January 2022 we had our first New Year Welcome Service with Communion. The Church then embarked on 14 days fasting & prayer from Monday 3[rd] – Sunday 16[th] January with the Theme: Spiritual Foundation based on Psalm 11:3 which says: Again, severe prayers were made for individual, the church and the nation as a whole
On Saturday 22[nd] , for our leaders to be effective to carry out their duties throughout the year to serve our congregation and the community effectively, a day seminar was organized to train them on “Effective Leadership”.
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THE GOOD WAY APOSTOLIC CHURCH (GWAC) Reports and Financial Statements Year ended 31ST DECEMBER 2022
Trustees report continued..
FEBRUARY: To celebrate the year’s Valentine season, from Monday 14[th] – Sunday 20[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. On Saturday 19[th] we organized couples and singles dinner party where members of the community and friends were invited to celebrate love, marriage and singlehood.
MARCH: Again, as our tradition, from Monday 28[th] February – Sunday 20[th] March under the Theme: THE POWER OF HIS PRESENCE with the Theme Quotation: Isaiah 43:1-2, 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 the presence of God. Guest speakers and people from the wider community were invited to lead different sessions.
All the services except Saturdays and Sundays, were carried out virtually. The church had to restructure the yearly program to cater for online events as part of re-building process.
On Sunday March 27[th] our women led our service as we celebrated Mother’s Day in a wonderful and special way with some refreshments after the service. Again, members of our community were invited to share fellowship with us.
APRIL: A virtual Easter convention was held to mark the Easter season. From Sunday April 10[th] through to Thursday 14[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. From Friday 15[th] – Sunday 17[th] April we continue with our Easter Convention.
We ended the month of April with a powerful Youth Service on Sunday 24[th] where a lot of youth from our community were invited.
MAY : We held our regular Sunday’s service together and weekly meetings online On Sunday 22[nd] a United Service of both English and Twi service was held at Angel Community Centre, the Twi service place of worship to name and to dedicate the new born child of Sister Beatrice and her Husband Lawrence. This service is one of we take very seriously as many friends and family members are invited to this service.
As part of our social responsibilities, we ended the month of May with Thanksgiving Service to comfort and encourage one of our sisters, Mary Archer’s whose mother passed away. Another service which attracts a lot of people into the church. These services also give us the opportunity to share the love of God to all who attend.
JUNE: Again, we held our regular Sunday’s service together and weekly meetings online On Sunday 19[th] to celebrate Father’s Day our Men’s Ministry led the service with a drama and teaching to portray father’s responsibility within the family. A wonderful speaker was invited to led the service and again members of our community were invited. We ended June with a week of Revival from Monday 27[th] – Sunday 3[rd] July 2022.
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THE GOOD WAY APOSTOLIC CHURCH (GWAC) Reports and Financial Statements Year ended 31ST DECEMBER 2022
Trustees report continued..
JULY: Apart from our regular Sunday’s service together and regular weekly meetings online we started the month of July with a week of Revival from Monday 27[th] June – Sunday 3[rd] praying for the guidance and protection of the Lord as we began the second part of the year.
On Sunday 17[th] we named and dedicated new born baby the Lord has given to Pastor & Mrs. Tanoh
AUGUST: Still in our re-building process we held our regular Sunday services together and weekly meetings online. On Saturday 13[th] August 2023 we went on church outing day trip to Southend Seaside with many members of our community. Together with the fun we enjoyed on the day we also baptized 15 souls of youth and adults who have given their lives to Christ.
SEPTEMBER: Again, regular Sunday’s service together and weekly meetings remained online. On Friday 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 16[th] an Appreciation Service was organized to appreciate the residence Pastor for his sacrifice and dedication for his services to the members and the community at large
NOVEMBER: From Monday 7th – Sunday 27th November we held our annual 21 days November fasting and prayer where the theme was based on “Theme: Pour Your Spirit on us Lord with Isaiah 32:14-15 as the Theme Quotation.” As ever we prayed for our members, community, the nation and the leaders for the Lord’s protection and guidance as we are commanded by scripture in 1 Timothy 2:1-2
DECEMBER: To help the needy in our community on 17[th] December 2023 the church through our Women’s Ministry presented some food items to the Food Hub and Edmonton Methodist Church. On the Sunday 18[th ] we unitedly celebrated our 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 marriage relationships
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 touched and 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 : Although our income has increased within the year our expenses has also increase at a far greater rate due to the cost of living crisis we face. We are hopeful that 2023 we are able to have a growth in our income which help us continue our obligation within the community we exist.
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THE GOOD WAY APOSTOLIC CHURCH (GWAC) Reports and Financial Statements Year ended 31ST DECEMBER 2022
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
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THE GOOD WAY APOSTOLIC CHURCH (GWAC) Reports and Financial Statements Year ended 31ST DECEMBER 2022
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:
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the accounts did not accord with the accounting records; or
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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.....................................................
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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 2022
| Unrestricted Funds Notes £ Incoming resources: Voluntary income 1 88,021 Gift Aid Claims - Total Incoming resources 88,021 Resources Expended: Resources Expensed 4 107,752 Total Resources Expended 107,752 Net Surplus / (Deficit) for the year (19,731) Opening funds 88,342 Closing Funds 68,611 |
Total Funds 2022 £ 88,021 - 88,021 107,752 107,752 (19,731) 88,342 68,611 |
Total Funds 2021 £ 69,024 11,486 |
|---|---|---|
| 80,510 | ||
| 97,039 | ||
| 97,039 | ||
| (16,529) 104,871 |
||
| 88,342 |
No restricted funds at the end of the year
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THE GOOD WAY APOSTOLIC CHURCH (GWAC)
Reports and Financial Statements
Balance Sheet as at 31ST DECEMBER 2022
| Fixed assets Current assets: Debtors & Deposits Cash at bank Less:Current Liabilities Current Liabilities Net Assets Represented by: Unrestricted funds Signed on behalf of the trustees |
Notes 2 3 |
£ 2,000 7,248 2022 |
2022 | £ £ 60,623 - 9,268 9,248 69,871 (1,260) 68,611 68,611 68,611 - |
£ 80,163 9,268 89,431 (1,089) 88,342 88,342 88,342 2021 |
£ 80,163 9,268 89,431 (1,089) 88,342 88,342 88,342 2021 |
|---|---|---|---|---|---|---|
| 89,431 (1,089) |
||||||
| 88,342 | ||||||
| 88,342 | ||||||
| 88,342 | ||||||
………………………………. Evans E Boison Chairperson
Date: .................................................................
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THE GOOD WAY APOSTOLIC CHURCH (GWAC) Reports and Financial Statements
Notes forming part of the financial statements for the year ended 31ST DECEMBER 2022
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:
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Fixtures Equipment & Furniture 20%
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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.
f) Restricted funds are to be used for specific purposes as laid down by the donor.
| 2 Tangible Fixed Assets Fixtures. Leasehold Fittings & Improvements Equipment £ £ Cost: As at 01.01.22 167,463 46,928 As at 31.12.22 167,463 46,928 Depreciation: As at 01.01.22 97,307 36,921 Charge 17,539 2,001 As at 31.12.22 114,846 38,922 Net Book Value: As at 01.01.22 70,156 10,007 As at 31.12.22 52,617 8,006 |
Total £ 214,391 |
|---|---|
| 214,391 | |
| 134,228 19,540 |
|
| 153,768 | |
| 80,163 60,623 |
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THE GOOD WAY APOSTOLIC CHURCH (GWAC) Reports and Financial Statements
Notes forming part of the financial statements for the year ended 31ST DECEMBER 2022
| 3 Creditors: amount falling due within one year 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 Insurance & Licences Depreciation Total |
2022 Total £ 1,260 1,260 5,590 3,570 15,171 1,275 21,992 32,069 1,208 1,748 228 3,428 1,933 - 19,540 107,752 |
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 |
|---|---|---|
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THE GOOD WAY APOSTOLIC CHURCH (GWAC) Reports and Financial Statements
Contents
| Page No | |
|---|---|
| 1 | Legal and administrative information |
| 2-5 | Trustees Report |
| 6 | Independent examiners report |
| 7 | Statement of Financial Activities |
| 8 | Balance Sheet |
| 9-10 | 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 2022
AL Accounting Solutions Limited Chartered Certified Accountants 21A Brighton Road South Croydon Surrey CR2 6EA