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← Lifewell Church

2024-12-31-accounts

LIFEWELL CHURCH

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REPORT AND ACCOUNTS FOR THE YEAR ENDING 31[ST] DECEMBER 2024

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C Management Services 69 Velindre Road Whitchurch Cardiff CF14 2TF

LIFEWELL CHURCH

FOR THE YEAR ENDED 31[ST] DECEMBER 2024

CHARITY INFORMATION

Trustees: Michael Ellens Simon Moores (until 23[rd] June 2025) Christopher Screen Brian Farr Ruth James Andrew Parker (from 17[th] February 2025) Charitable position: Registered Charity number 1072721 Registered on 2/12/98 Governing Document: Constitution last amended 22/9/13 Address for correspondence: Lifewell Church Pentremalwed Road Morriston Swansea SA6 7BP Independent Examiner: Paul Burnell ACMI C Management Services 69 Velindre Road CARDIFF CF14 2TF Bankers: Barclays Bank 70 The Kingsway Swansea SA1 5JB

CONTENTS
Page
Charity Information 2
Trustees Report 3-5
Independent Examiners Report 6
Statement of Financial Activities 7
Statement of Assets and Liabilities 8
Notes to the Accounts 9

2

LIFEWELL CHURCH

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31[ST] DECEMBER 2024

The Trustees have pleasure in submitting the Report and Accounts for the period ended 31st December 2024

Structure, Governance and Management

At Lifewell church we are committed to serving God and our community, to make a difference through experiencing & sharing the love of God.

This is made possible through the

Lifewell Church is led by the Church Council which consists of the Senior Minister (Pastor) & Church Officers/Trustees, who direct, oversee and manage the ministries, property, funds and activities at Lifewell Church ensuring that what we do is done within Biblical and Legal guidelines and good practice.

Lifewell Church is part of the Assemblies of God network of churches and is a member of the Evangelical Alliance.

Objectives

Our chief objective is to be the church that God wants us to be and that our world needs us to be, which is described in our constitution as follows :-

1 - To advance the Christian faith in accordance with the statement (AOG statement of faith) in such ways and in such parts of the United Kingdom or the world as the Church council from time to time may think fit.

2 - To relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind including through the provision of counselling and support in such parts of the United Kingdom or the world as the Church council from time to time may think fit.

3 - To advance education in such ways and in such parts of the United Kingdom or the world as the church council from time to time may think fit.

Achievements and Activities

Since 1923 Lifewell Church (Previously known as Pentremalwed Church), has consistently sought to serve God and the local community, through Church services,

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children’s and youth events and charity fundraisers, all to serve our community and to help people connect with God as the people and community that God created us to be.

We started 2024 with our vision verses for the year being 1 Corinthians 15:58 NIV - Therefore, my dear brothers and sisters, stand firm. Let nothing move you. Always give yourselves fully to the work of the Lord, because you know that your labour in the Lord is not in vain; Along with 1 Corinthians 16:13-14 NIV - Be on your guard; stand firm in the faith; be courageous; be strong. [14] Do everything in love. These verses directed and envisioned us on how to see and live to build for the future.

September 2024 saw developments within the Trustees as Andrew Parker came on board to bring additional skill set to the team. Alongside this, the development of a growing team is bringing about a brighter future through support, ideas, and scrutiny to Lifewell Church ministries and decisions.

The foundations of our connecting continue through our Sunday services, Tuesday, Lifegroup and R-Gen Children and Youth groups,

The year has been full of special events to celebrate the New year, Mother’s Day, Easter, Father’s Day, summer social events, Harvest, Light party and Christmas. Our Christmas special, ‘Good News for the World’, was again one of our best Christmas services.

One of the highlights was the baptism service of one of our ladies, which was of great encouragement and blessing. Then, in terms of giving, we have continued to give to missions, giving monthly to support different Christian organisations throughout the year. In addition, our special offerings allowed us to give in response to the Christians against Poverty Christmas Appeal.

God’s Word continually nourishes our souls making us into the men and women that God wants us to be. So, we are looking forward to what God has in store. He is speaking and shaping things for the next chapter.

We would also like to say a big thank you to all who have journeyed with us, supporting and giving throughout the year.

Performance and goals

Our overarching goal is ‘TO BE A PLACE OF REFRESHING WHERE ALL CAN EXPERIENCE, ENJOY & SHARE The LIFE & LOVE found in JESUS!!! For JESUS SAID “Whoever drinks the water I give him will never thirst. Indeed, the water I give him will become in him a spring of water welling up to eternal life”. John 4:14 [NIV]

We want to be a growing family of passionate disciples of Christ and a real and relevant expression of God’s church who love God, love life, love others and live worship. We want to reach the lost one person at a time, through teaching and learning, prayer, worship, fellowship, service, and outreach as individuals, small groups, and as a congregation (Church).

We want to build the future in the here and now and see people:-

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Financial Review

All funds and property received and administered by Lifewell Church are entrusted to us by God, through the faithful financial support of Lifewell members and friends. Responsibility for the stewardship and use of funds and property rests with the team of trustees. The trustees oversee and manage Lifewell Church finances through the following practices:-

Risk Management

We recognise that working in an ever-changing social climate of society, there are risks. Situations may arise that could threaten and even halt our future ability to function as a church/charity and therefore affect our ability to meet the needs of beneficiaries. In view of both our Christian responsibility and compliance with Charity Law, it is important that we understand, limit and manage the risks that we could encounter as we undertake various activities including discipleship, mission and evangelism.

The Trustees are responsible for identifying, assessing, and managing the risks that Lifewell Church could face, in all areas including, finance, governance, operation and reputation. The Trustees annually allocate time to identify, record and review the risks that we could encounter. They also consider any risks in association with new ventures, activities or opportunities. A Risk Management policy and Assessment along with other policies and documents as deemed beneficial to mitigate identified risks with regards to (for example) :-

Paul Burnell was appointed as our Independent Examiner for this year’s accounts.

Signature: Name: Christopher Screen Date: 10[th] October 2025 Position: Pastor and Trustee

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INDEPENDENT EXAMINERS REPORT

TO THE TRUSTEES OF

LIFEWELL CHURCH

I report on the accounts of the Trust for the period ended 31[st] December 2024, which are set out on pages 8 to 10.

Respective responsibilities of trustees and examiner

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 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner's report

My examination was carried out in accordance with the general Directions given by the Charity Commission. 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 all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no material matters have come to my attention which gives me reasonable cause to believe that in any material respect:

I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Paul Burnell

Paul Burnell ACMI

For and on behalf of:

C Management Services (trading name of C Mgmnt Services Ltd) 69 Velindre Road

Cardiff CF14 2TF

Date: 10[th] October 2025

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LIFEWELL CHURCH

RECEIPTS AND PAYMENTS ACCOUNT

FOR THE YEAR ENDED 31[st] DECEMBER 2024

Note
RECEIPTS
Receipts from generated funds
2
Receipts from charitable
activities
3
Other receipts
4
Interest received
Total Receipts
PAYMENTS
Charitable activities
5
Governance costs
Total payments
Net Receipts/(Payments)
Transfers between funds
Fund balances at 1stJanuary
2023
Fund balances at 31st
December 2023		 Unrestricted
Funds
£
Restricted
Funds
£
Total
Funds
2024
£
Total
Funds
2023
£
35,390
-
35,390
26,938
-
-
-
-
-
-
-
-
289
-
289
175
35,679
-
35,679
27,113
31,448
-
31,448
29,395
-
-
-
-
31,448
-
31,448
29,395
4,231
-
4,231
(2,282)
-
-
-
-
20,393
-
20,393
22,675
24,624
-
24,624
20,393

The notes on page 10 form part of these accounts.

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LIFEWELL CHURCH

STATEMENT OF ASSETS AND LIABILITIES

FOR THE YEAR ENDED 31[ST] DECEMBER 2024

1. Fixed Assets

The value of assets owned are:
Buildings
Equipment
2. Bank & Cash Balances
Cash at bank and in hand
3. Other Assets and Liabilities

Assets
Gift aid tax recovery not yet received
Liabilities
Unbilled fee for Independent Examination		 Insurance value
2024 2023
£ £
1,120,415 1,000,370
42,431 37,884
1,162,846
1,038,254
2024 2023
£ £
24,624 20,393
24,624 20,393
2024 2023
£ £
4,253 3,951
150
150

The accounts were approved by the Trustees and signed on their behalf on 10[th] October 2025 by Christopher Screen

Signature:

The notes on page 10 form part of these accounts.

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LIFEWELL CHURCH

NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31[ST] DECEMBER 2024

1. Accounting Policies

The accounts have been prepared on a receipts and payments basis with a statement of assets and liabilities

2. Voluntary receipts
Gift Aid Donations
Other donations
Gift Aid reclaimed
3. Receipts from charitable activities
Conferences and events
4. Other Receipts
Grant received
Other sundry receipts
5. Charitable activities
a. Direct Charitable Costs
Salaries & staff expenses
Speaker expenses
Mission giving
Ministry expenses
b. Support and Administration
Premises expenses
Hospitality & subscriptions
Insurance
Admin		 Unrestricted
Funds
£
Restricted
Funds
£
Total
2024
£
Total
2023
£
21,874
6,772
6,744
-
-
-
21,874
6,772
6,744
15,803
6,836
4,299
35,390
-
35,390
26,938
-
-
-
Unrestricted
Funds
£
Restricted
Funds
£
Total
2024
£
Total
2023
£
-
-
-
-
-
-
-
-
-
-
-
-
Unrestricted
Funds
£
Restricted
Funds
£
Total
2024
£
Total
2024
£
16,634
100
2,593
729
-
-
-
-
16,634
100
2,593
729
20,226
50
1,900
622
20,056
-
20,056
22,798
7,623
-
7,623
3,074
2,815
-
2,815
2,626
954
-
954
897
-
-
-
-
11,392
-
11,392
6,597

6. Staff and Trustees

The charity has one full-time employed members of staff, Chris Screen, who is paid in his capacity as the Pastor of the church and he is also a Trustee. Its activities are generally carried out by volunteers. No staff received salaries at a rate of more than £60,000 per annum.

No remuneration or trustee expenses were paid to any other trustee during the year, nor to any person connected to them.

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