2024-12-31-accounts - Goodnews Assemblies Of God

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TRUSTEE’S REPORT

GOODNEWS ASSEMBLIES OF GOD CHURCH

Year Ended 31 DECEMBER 2024

Our Mission

We exist to:

Preach the Gospel and teach God’s Word.
Disciple believers and provide pastoral care.
Serve our community in practical and spiritual ways.
Nurture and empower children and young people.
Use music, arts, and creative ministries for God’s glory.

2024 Ministry Highlights

Worship & Preaching

Weekly services (in-person & online) strengthened our fellowship.

Teaching & Discipleship

Our regular Bible studies, prayer groups & leadership training equipped believers, making them strong to face these unsurmountable issues in life situations.

Youth & Children’s Ministry

Vibrant youth groups and Sunday School continued to grow.
This year’s Youth Awakening Conference YAC24 had the theme : ‘for God has not given us spirit of fear, but of power, love and of sound mind’ 2 Timothy 1:7

This was very impactful and we recorded about 110 youth from Manchester, London and Bradford

Finances at a Glance

Income: £78,411
Expenditure: £43,694
Main income: Tithes, offerings, donations, fundraising.
Expenditure: Ministry programs, community work, facility upkeep.
Church remains financially stable with healthy reserves.

Looking Ahead

In the coming year, we aim to:

The theme for the year 2025 is ‘ A YEAR OF MIRACLE’ . The congregation was admonished to expect the miraculous move in the church and in our individual lives. Exodus 14:21-29

Acquire our own place of worship to achieve our mission
Increase outreach around mental health.
Invest in better digital platforms for wider ministry reach.
Train & mentor more youth and future leaders.

Thank You

We thank:

Our volunteers & members for tireless service.
Ministry leaders & teams for their dedication.
Church Board members.
And above all, God Almighty for His faithfulness .

Rev. Geoffrey Kwakye-Donkor

GOODNEWS ASSEMBLIES OF GOD

RECEIPTS AND PAYMENTS ACCOUNTS YEAR ENDED 31 DECEMBER 2024

GHARITY REG.: 1165142

GOODNEWS ASSEMBLIES OF GOD

REFERENCE AND ADMINISTRATIVE DETAILS

CHARITY REG NO

CHARITY REG NO 1165142 PRINCIPAL ADDRESS Office No. 1A City View Offices 99 Long Street Manchester M24 6UN

TRUSTEES & CHURCH BOARD

Pastor Geoffrey Kwakye-Donkor (Chair Person) Pastor Kathleen Kwakye-Donkor Bro Kwabena Opoku Berchie Sis. Antwiwaa Ivy Abrefa Bro Joseph Nwinyi

GOVERNING DOCUMENT MODEL CONSTITUTION WITH TRUST DEED FOR LOCAL ASSEMBLIES OF GOD

BANK NATWEST Bank Hollinwood (A) Branch 794 Oldham Road Failsworth Manchester M35 9NY

INDEPENDENT EXAMINERS

Roknod Accountants Office No1 City View 99 Long Street Manchester M24 6UN

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF GOODNEWS ASSEMBLIES OF GOD CHARITY REG. NO. 1165 142

I report on the accounts of the trust for the period ended 31 December 2024 which are set out on pages 3 & 4

Respective responsibilities of Trustees and Examiners

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011Act) and that an independent examination is needed. It is my responsibility to:

Examine the accounts under section 145 of the 2011 Act
Follow the procedures laid down in the general Directions given by the commission under section 145 (5) (b) of the 2011 Act
State whether particular matters have come to my attention

Basis of Independent Examiner’s report

My examination was carried out in accordance with the general directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide

audit opinion on the view given by the accounts.

Independent Examiner’s statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements:
to keep accounting records in accordance with section 130 of the 2011 Act
and to prepare accounts which accord with the accounting records and comply with the
accounting requirements of the 2011 Act have not been met or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached

Signed………………………………………………………..Date---------------------------

Charles Amponsah Roknod Accountants Office No1 City View 99 Long Street Manchester M24 6UN 2

GOODNEWS ASSEMBLIES OF GOD

RECEIPTS & PAYMENTS ACCOUNTS

FOR THE PERIOD FROM 1 JANUARY 202 4 TO 31 DECEMBER 2024

RECEIPTS
Direct Bank Donations
Collections at Church Premises
Gift Aid Receipts
Bank Interest
All Other Income- Proceeds from Sale of Church Van
TOTAL RECEIPTS
PAYMENTS
Rent
Charitable Donations
Evangelism & Missions ( Conferences & Others etc)
Resource Materials
Equipments, Fitting and Other assets
Pastor Kathleen's Car Service & Insurance
AOG HQ Support
Visiting Ministers
Professional fees
Meals & Entertainment
Brethren Welfare Donations
Youth Conference & Other Youth programs
Miscellaneous Expenses-inc Zoom, etc
NET RECEIPTS
Cash Funds Brought forward
Cash Funds Carried forward

UNRESTRICTED
TOTAL
TOTAL
FUNDS
2024
2023
£
£
£
63,180
63,180
35,973
4,668
4,668
5,614
9,674
9,674
-
889
889
492
-
-
-
78,411.00
78,411.00
42,079.63
12,450
12,450
12,375
2,839
2,839
5,669
5,183
5,183
2,879
2,715
2,715
-
185
185
3,114
679
679
1,088
1,010
1,010
1,520
2,950
2,950
1,400
2,175
2,175
1,544
539
539
509
6,011
6,011
1,858
5,783
5,783
-
1,175
1,175
685
43,694.00
43,694.00
32,641.31
34,717
34,717
9,438
80,541
80,541
71,103
115,258.32
115,258.32
80,541.32

GOODNEWS ASSEMBLIES OF GOD

STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2024

CASH FUNDS NATWEST Bank- Current Accouts NATWEST Bank- Savings Accouts Special Deposit Repayable member support (Note 5) TANGIBLE ASSETS Office Equipment- Computer Musical Equipment Gazebo Chairs Church Phone New Laptop for Tech Team APPROVED BY THE TRUSTEES Pastor Geoffrey Kwakye-Donkor ........................ Position Chairman Date -------------------	2024 2023 233 1,423 90,212 44,068 - 20,000 24,813 15,050 115,258.00 80,541.00 .................................. ----------------------------

GOODNEWS ASSEMBLIES OF GOD

FOR THE YEAR ENDED 31 ST DECEMBER 2024

NOTE 1 BASIS OF PREPARATION

1.1 BASIS OF ACCOUNTING

These accounts have been prepared on a Receipts and Payments basis in accordance with

Accounting and Reporting by Charities- Statement of Recommended Practice (SORP 2011); and with Accounting Standards; and with the Charities Act 145

1.2 CHANGE IN BASIS OF ACCOUNTING

There has been no change to the accounting policies (valuation rules and methods of accounting) since last year

1.3 CHANGES TO PREVIOUS ACCOUNTS

No changes have been made to accounts for previous years

1.4 MATERIAL DONATIONS

Material Donations include:

GOODNEWS ASSEMBLIES OF GOD FOR THE YEAR ENDED 31 ST DECEMBER 2024

Note 2 ACCOUNTING POLICIES

This standard list of accounting policies has been applied by the charity.

INCOMING RESOURCES

Recognition of incoming resources

These are included in the Statement of Financial Activities (SOFA) when:

the Charity becomes entitled to the resources;

the trustees are virtually certain they will receive the resources; and the monetary value can be measured with sufficient reliability

Incoming Resources with Related Expenditure

Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resources and related expenditure are reported as gross in the SOFA

Grants and donations

Grants and donations are only included in the SOFA when the Charity has unconditional entitlement to the resources.

Tax reclaims on donations and gifts

Incoming resources from Tax reclaims are included in the SOFA at the same time as the gift to which they relate.

Gift Aid

Gift Aid claimed during the year amounted to £9,674

Gifts in kind

Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised..

Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity.

Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivale.

Donated services and facilities

These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material.

The value placed on these resources is the estimated value to the charity of the service or facility received

Volunteer help

The value of any voluntary help received is not included in the accounts but is described in the trustees' annual report

Investment income

This is included in the accounts when receivable

Investment gains and losses

This includes any gain loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.

GOODNEWS ASSEMBLIES OF GOD FOR THE YEAR ENDED 31 ST DECEMBER 2024

EXPENDITURE AND LIABILITIES

Liability recognition

Liabilities are recognised as soon as there is a legal construstive obligation committing the charity to pay out resources

Governance costs

Include costs of the preparation and examination of statutory accounts, the costs of trustee meetings and costs of any legal advice to trustees on governance or constitutional matters. They also include Premises costs, made up of Rent Lighting and Heating, Administrative costs including Telephone and internet, postage and stationery, as well as Travel and other Volunteers expenses

Grant with performance conditions

Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the receipient of the grant has provided the specific service or output.

Grants payable without performance condition

These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to the grant which remain in the control of the charity.

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg alocating property costs by floor areas, or per capita,staff costs by the time spent and other costs by their usage.

ASSETS

Tangible fixed assets for use by the Charity

These are not capitalised but are listed at cost in the Statements of Assets and Liabilities, Therefore Depreciation is not charged

Investments

Investments quoted on a recognised stock exchange are valued at market value at the yearend. Other investment assets are included at trustees' best estimate or market value.

GOODNEWS ASSEMBLIES OF GOD NOTES TO THE ACCOUNTS

Paid employees Staff costs Gross wages, salaries and benefits in kind and Staff Total Staff costs	2024 £ - -	2023 £ - -

NOTE 5

Repayabe member support are short term interest free loans given to members who are in financial difficulty

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF GOODNEWS ASSEMBLIES OF GOD CHARITY REG. NO. 1165 142

I report on the accounts of the trust for the period ended 31 December 2024 which are set out on pages 3 & 4

Respective responsibilities of Trustees and Examiners

Examine the accounts under section 145 of the 2011 Act
Follow the procedures laid down in the general Directions given by the commission under section 145 (5) (b) of the 2011 Act
State whether particular matters have come to my attention

Basis of Independent Examiner’s report

audit opinion on the view given by the accounts.

Independent Examiner’s statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements:
to keep accounting records in accordance with section 130 of the 2011 Act
and to prepare accounts which accord with the accounting records and comply with the
accounting requirements of the 2011 Act have not been met or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached

Signed………………………………………………………..Date--------------------------Charles Amponsah Roknod Accountants Office No1 City View 99 Long Street Manchester M24 6UN 2