2017 ANNUAL REPORT & FINANCIAL STATEMENT 018 Annual General Meein t the 2 g ted a sen Pre THURSDAY EVANGEL 1PM ASSEMBLIES OF GOD CHURCH. 2ND PROMPT Opposite Avenida Hotel, AUGUST, Kojo Thompson road, Adabraka, Accra. 2018 HEAD OFFICE Bible House, James Town, P. O. Box GP 761, Accra Tel: 030 2663803, 030 2672722 Fax: 030 2669613 Email: [email protected] MOMO - 0242352940 Translators, Publishers and Ghana’s Largest Distributor of Bibles Children’s Bibles | Local bibles | Study Bibles | Bible Dictionaries | Bible Story Books | ESV Bibles 2017 ANNUAL REPORT& FINANCIAL STATEMENT 18 Annual General Mee the 20 ing ed at sent Pre THURSDAY EVANGEL 1PM ASSEMBLIES OF GOD CHURCH. 2ND PROMPT Opposite Avenida Hotel, AUGUST, Kojo Thompson road, Adabraka, Accra. 2018 CONTENTS CORPORATE INFORMATION 3 OFFICERS 4 COUNCIL MEMBERS 5 MANAGEMENT TEAM 6 2017 ANNUAL REPORT OF THE GENERAL SECRETARY 7 1. Salutation 7 2. Introduction 7 3. Governance 7 4. Management and Staff 9 5. Staff Training and Development 10 6. Bible Translation 11 7. Scripture Distribution 12 8. Church Relations 13 9. Bible Engagement Programmes 16 10. Communications and Resource Mobilisation 19 11. Visit of General Secretary of German Bible Society 20 12. Finance 20 13. The Bible Village Project at Kitsase 20 14. BSG Recognised for Exemplary Leadership and Mentorship 21 15. Visit to Mr. President, Nana Addo Dankwa Akuffo-Addo 21 16. Call to Glory 21 17. Gratitude 22 18. Conclusion 22 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER, 2017 23 Report of Council 23 Independent Auditors’ Report 24 Statement of Comprehensive Income 27 Statement of Changes In Reserves 28 Statement of Financial Position 29 Statement of Cash Flows 30 Notes to the Financial Statements 35 APPENDIX 1 39 Bible Week & Church Donations 39 APPENDIX 2 41 Individual & Corporate Donations 41 2 2017 Annual Report & Financial Statement CORPORATE INFORMATION Our Mission Making God’s Word available and affordable, and encouraging its use to transform lives. Our Vision The Bible for Everyone Principal Place of Business Bible House John Evans Atta Mills High Street P. O. Box GP. 761 James Town, Accra Tel: + 233 0302 663803 / 664208/672722 Fax: + 233 0302 669613 E-mail: [email protected] Website: www.biblesociety-ghana.org AUDITORS BANKERS MGI O. A. K Chartered Accountants (No ICAG/F/2018/132) z Ecobank Ghana Limited T.A. Osei - ICAG/P/1015 z Barclays Bank of Ghana Limited 18 Airways Avenue z Ghana Commercial Bank Limited Airport Residential Area P. O. Box AN. 5712 Accra - North. 2017 Annual Report & Financial Statement 3 THE BIBLE SOCIETY OF GHANA OFFICERS Rev. Dr. Joyce Apostle Peter Okoe Apostle Dr. Alfred Rosalind Aryee Mankralo Koduah (President) (1st Vice President) (2nd Vice President) Mrs. Efua Ghartey Mr. J.N.B. Tetteh Rev. Dr. Erasmus (Chairperson of Council) (Vice Chairperson of Council) N. B. Odonkor (General Secretary) 4 2017 Annual Report & Financial Statement THE BIBLE SOCIETY OF GHANA COUNCIL MEMBERS Rev. Dr. Joyce R. Aryee President (Appointed 1st Sept., 2016) Apostle Peter Mankralo 1st Vice President (Appointed 1st Sept. 2017) Apostle Dr. Alfred Koduah 2nd Vice President (Appointed 1st Sept. 2017) Mrs. Efua Ghartey Chairman (Elected. 1st September, 1998)* Mr. J. N. B Tetteh Vice Chairman (Elected. 1st September, 2012) Most. Rev. Titus K. Awotwi Pratt Member (Elected. 1st September, 2013) Mrs. Gloria Lamptey Member (Elected. 1st September, 2013) Ps. Dr. Chris Annan-Nunoo Member (Elected. 1st September, 2013) Dr. Perez Sepenu Member (Elected. 1st September, 2012) Prof. (Mrs.) Akosua Anyidoho Member (Elected. 1st September, 2013) Rev. Prof. B.Y. Quarshie Member (Elected. 1st September, 2013) Dr. (Mrs.) Yvonne Ollennu Member (Elected. 1st September, 2012) Dr. (Mrs.) Adelaide Kastner Member (Elected. 1st September, 2013) Mr. Percy Ansah Member (Elected. 1st September, 2016) Rev. Erasmus Nii Bonne Odonkor General Secretary *NB: Mrs. Efua Ghartey has held various positions on the United Bible Societies (UBS) Board and Committees since her election on the BSG Council, and is currently the Chairperson of the UBS Global Council. The BSG Council decided that she continues to serve until the end of her tenure on the Global Council. 2017 Annual Report & Financial Statement 5 MANAGEMENT TEAM Rev. Dr. Erasmus Very Rev. Prof. N. B. Odonkor David Ekem (General Secretary) (Translation Consultant) Mrs. Elizabeth T. Rev. Charles Sampson Adu-Twumasi (Admin & HR Manager) (Programmes Manager) Mr. Gershon Bonso Mrs. Catherine Odjidja Rev. Issifu Dokurugu (Finance & Accounting Manager) (Acting Communication & Church (Computer Assisted Publishing Relations Manager) Manager) 6 2017 Annual Report & Financial Statement 2017 ANNUAL REPORT OF THE BIBLE SOCIETY OF GHANA PRESENTED BY REV. DR. ERASMUS NII BONNE ODONKOR, (GENERAL SECRETARY) TO THE ANNUAL GENERAL MEETING HELD ON 2ND AUGUST, 2018 1. SALUTATION 3. Staff Training and Development 4. Bible Translation The President of Bible Society of Ghana (BSG), 5. Bible Distribution Chairman and Members of the Bible Society of Ghana 6. Church Relations Council, Distinguished Leaders of the Church and 7. Bible Engagement Programmes Local Councils of Churches, Members of the Bible 8. Communications and Resource Mobilisation Society of Ghana, Colleague Managers and staff of 9. Finance the Bible Society of Ghana, Brothers and Sisters in the 10. The Bible Village Project at Kitase Lord, I welcome you all to the 2018 Annual General 11. Visit of the General Secretary of the German Bible Meeting of the Bible Society of Ghana. I welcome Society especially those who have travelled from outside 12. BS Ghana recognized for Exemplary Leadership Accra to participate in the Meeting. May Grace and and Mentorship Peace from God, the Father of our Lord Jesus Christ, 13. Visit to the President of the Republic of Ghana, and our Father, be with you all. We give thanks to God H.E. Nana Addo Dankwa Akufo-Addo Almighty, by whose grace alone we have completed 14. Call to Glory yet another year of service of which we are now set to 15. Gratitude give account. 16. Conclusion 2. INTRODUCTION 3. GOVERNANCE Our faithful God provided every resource and 3a. Officers inspiration to pursue the work of the Society successfully in 2017; and I am about to report to The Bible Society of Ghana Officers in 2017 were: you, Brothers and Sisters, that the BSG’s ministry is a. Rev. Dr. Joyce R. Aryee - President expanding and growing. As we give thanks to God we b. Apostle Peter Okoe Mankralo - 1st Vice President acknowledge the support and encouragement that c. Apostle Dr. Alfred Kodua - 2nd Vice President you, together with the Church and many other faithful persons, have given and continue to give us. We owe d. Mrs. Efua Ghartey - Chairman, BSG Council our success partly to you all. Thank you for your love e. Mr. Joseph N.B. Tetteh - Vice Chairman, BSG for God and the Bible Society of Ghana. Council f. Rev. Dr. Erasmus N.B. Odonkor - General This report will cover the following: Secretary 1. Governance 2. Management and Staff 2017 Annual Report & Financial Statement 7 A section of 2017 Annual General Meeting participants. Some Council Members at the 2017 Annual General Meeting at theEvangel Assemblies of God, Adabraka 3b. 2017 Annual General Meeting re-elected to serve their second term of four years as Council Members. They were: The Annual General Meeting of the Bible Society of Ghana was held on Thursday, 3rd August, 2017 a. Most Rev. Titus K. Awotwi Pratt, at the Evangel Assemblies of God, Adabraka. It was b. Rev. Dr. B.Y Quarshie (now Rev. Professor); and chaired by the President, Dr. Joyce R. Aryee. Two retiring members of Council were appreciated for c. Dr. (Mrs) Adelaide Kastner their contribution towards Bible Work, especially in the Kumasi Area as follows: 3d. Induction of Reconstituted Council 1. Mrs. Marilyn Owusu Members of the reconstituted Council and Committees Chairman, Kumasi Area Committee of the Bible Society of Ghana were inducted into office on the 26th February, 2017 at the Evangelical 2. Rev. Isaac Boakye-Yiadom Presbyterian Church, Dansoman. The service was Vice Chairman, Kumasi Area Committee officiated by the Very Rev. Francis Amenu, Former 332 members attended the AGM including 27 staff Moderator of the Evangelical Presbyterian Church and volunteers of the Society. Significantly, there and Most Rev. Dr. Robert Aboagye – Mensah, former were more than 35 young persons who participated Presiding Bishop of the Methodist Church Ghana. in the AGM. 3e. Council/Committee/Management 3c. BSG Council Retreat Membership of the BSG Council did not change at all A Council/Committee/Management Retreat came off in 2017. Mrs. Efua Ghartey was re-elected to serve a successfully on 21st October, 2017 at the Hephzibah further two year term as Council Chairman. Three Christian Centre. The theme for the retreat was other members whose first term expired were also “Promoting God’s Word as Living Hope for All”. 8 2017 Annual Report & Financial Statement Induction of Council and Committee Members at the Evangelical Presbyterian Church, February 2017 3f. Sub-Committees of Council z Rev. Charles Adu Twumasi Programmes and Church Relations Manager In the year under review, time and energy were spent on strengthening operational processes, thanks to z Ms. Patience Anthony the Sub-Committees and Council. The provisions Communications and Resource Mobilization of a detailed Accounting Manual were thoroughly Consultant discussed and finally approved by Council to guide z Mr. Gershon Bonso the ever expanding operations of the Society. The Finance and Accounts Manager various Departments of the Society, with the support of Council Sub-Committees, now operate with z Rev. Issifu Dokurugu clear annual mandates and targets on which regular Computer Assisted Publishing (CAP) Manager reports are prepared for the attention of Council. This approach helps improve monitoring and evaluation of work both by Management and the Council.