**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:
* 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.....................................................
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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:
- 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.
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