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2023-12-31-accounts

THE GOOD WAY APOSTOLIC CHURCH (GWAC) Reports and Financial Statements Year ended 31ST DECEMBER 2023 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 28 Middlesborough Road LONDON N18 2AP N18 2JF Phone: 07805760201 Email: thegoodwayapostolic@gmail.com 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 2023

Trustees Report

The trustees presents its annual report together with the accounts for the year ended 31ST DECEMBER 2023.

tbc

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THE GOOD WAY APOSTOLIC CHURCH (GWAC)

Reports and Financial Statements Year ended 31ST DECEMBER 2023

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

signed on behalf of the trustees

………………………………. Evans E Boison Chairperson

Date ……………………………….

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THE GOOD WAY APOSTOLIC CHURCH (GWAC) Reports and Financial Statements Year ended 31ST DECEMBER 2023

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:

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 2023

Unrestricted
Funds
Notes
£
Incoming resources:
Voluntary income
1
92,468
Gift Aid Claims
42,436
Interest received
217
Total Incoming resources
135,121
Resources Expended:
Resources Expensed
4
116,417
Total Resources Expended
116,417
Net Surplus / (Deficit) for the year
18,704
Opening funds
68,611
Closing Funds
87,315		 Total
Funds
2023
£
92,468
42,436
217
135,121
116,417
116,417
18,704
68,611
87,315		 Total
Funds
2022
£
88,021
-
-
88,021
107,752
107,752
(19,731)
88,342
68,611

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 2023

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		 £
-
39,347
2023		 2023 £
49,444
39,347
88,791
(1,476)
87,315
87,315
87,315
-		 £
2,000
7,248		 £
60,623
9,248
69,871
(1,260)
68,611
68,611
68,611
2022

………………………………. 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 2023

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:

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

Tangible Fixed Assets
Fixtures.
Leasehold
Fittings &
Improvements Equipment
£
£
Cost:
As at 01.01.23
167,463
46,928
Addition
-
4,470
As at 31.12.23
167,463
51,398
Depreciation:
As at 01.01.23
114,846
38,922
Charge
13,154
2,495
As at 31.12.23
128,000
41,417
Net Book Value:
As at 01.01.23
52,617
8,006
As at 31.12.23
39,463
9,981		 Total
£
214,391
4,470
218,861
153,768
15,649
169,417
60,623
49,444

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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 2023

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
Depreciation
Total		 2023
Total
£
144
1,332
1,476
4,100
10,236
15,132
1,169
18,276
42,769
699
349
221
1,514
6,303
15,649
116,417		 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

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Registered Charity No: 1159728 Registered Company No: 07869427

THE GOOD WAY APOSTOLIC CHURCH (GWAC)

Reports and Financial Statements Year ended 31ST DECEMBER 2023

AL Accounting Solutions Limited Chartered Certified Accountants 21A Brighton Road South Croydon Surrey CR2 6EA