## **Lifeway Church** ## **Charity No. 1176796** **Trustees' Report and Unaudited Accounts** **29 February 2024** **Lifeway Church Contents** |||||Pages| |---|---|---|---|---| |Trustees' Annual Repor
t||||2 to 3| |Independent Examiner's Repor
t||||4| |Statement of Financial Activitie
s||||5| |Balance Shee
t||||6| |Notes to the Account
s||||7 to 14| |Detailed Statement of Financial Activitie
s||||15 to 16| Page 1 **Lifeway Church Trustees Annual Report** The trustees present their report with the unaudited financial statements of the charity for the year ended 29 February 2024. ## **REFERENCE AND ADMINISTRATIVE DETAILS** Charity No. 1176796 The Trust was registered as a CIO No.1176796 on 23rd January 2018. Principal Office: 9 Brandle Avenue, Bury, Lancashire, BL8 1DX Trustees: The following trustees served during the year: Stephane Aka, Michael Aldaco, Constant Anaset, Ebenezer Bamigbayan (Resigned 28 April 2024). Accountants: Spencer Accounting Services, 65 Arnfield Road, Withington, Manchester, M20 4AG Bankers: Barclays Bank Solicitors: Fiona Bruce, Justice House, 3 Grappenhall Road, Stockton Heath, Warrington, Cheshire, WA4 2AH ## **Statement of trustees' responsibilities in relation to the financial statements** The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. ## **Mission Statement** To advance the Christian faith by means of proclamation and a living demonstration of the power of the Gospel of our Lord and Saviour Jesus Christ. To accomplish these advancements through the faith, hope and love found in Jesus Christ as well as providing practical relief to persons in conditions of need, hardship or distress. ## **Aims and Organisation** The Trust is a Christian charity created to advance the Christian faith, including the education of the public about such and the relief of the poor. ## **Organisational Structure** The trustees meet on a regular basis. They alone have the power to appoint new Trustees. Pastor - Mike Aldaco Childrens' Church - Trini Aldaco Youth Church - Jean Claude & Emily Mbololo, Sunday Akinteye Hospitality - Ushering - Constant Anaset ## **Public Benefit** Having had regard to the guidance provided by Charity Commission, the trustees are satisfied that the various activities of the trust are for the public benefit. Page 2 **Lifeway Church Trustees Annual Report** ## **Grant Making Policy** Offerings and tithes are given on the basis that those given to are acknowledged to carry out the basic principles for which the charity exists. ## **Reserves Policy** The charity seeks to maintain adequate unrestricted funds to cover: - Working capital for 'ebbs and flows' of at least £500 - Three months salary - Savings towards a future building purchase ## **Child Protection Policy** The Trustees have drawn up a Child Protection Policy and its principles and measures are to be observed rigorously by all involved in the organisation. ## **Review of Activities** The Church continues with outreach activities. We continue to use our YouTube live stream channel on Sunday Mornings for those who cannot attend Sunday mornings services. We continue to have our Wednesday night services via Facebook as another form of outreach. We have started the ‘Retain And Maintain Ministry’ as another form of outreach to retain (help meet the needs of people) and help maintain their walk with Christ. We continue to have our Ladies ‘Push Prayer’ meeting once a month via Zoom. Every Friday we continue with our ‘Prayer Connection’ prayer via Webex Conference call. ## **Future Plans** We are currently and will continue to reach out to the homeless and families in need of food, clothing, appliances and other needs. We currently and will continue to collect tin food for our local food bank (& for the needs of those in the church and outside the church). We are still looking for our own building so that we might do this work on a greater scale. ## **Going Concern** The Trustees have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the accounts. Signed on behalf of the charity's trustees M. Aldaco (Trustee) 17 December 2024 Page 3 **Lifeway Church Independent Examiners Report** ## **Independent Examiner's Report to the trustees of Lifeway Church** I report to the trustees on my examination of the financial statements of Lifeway Church for the year ended 29 February 2024. ## **Responsibilities and basis of report** As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the charity's financial statements 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 can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: - the accounting records were not kept in respect of the charity as required by section 130 of the Act; or - the financial statements do not accord with those records; or - the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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 financial statements to be reached. Michael Spencer MAAT Spencer Accounting Services 65 Arnfield Road Withington Manchester M20 4AG 17 December 2024 Page 4 ## **Lifeway Church** ## **Statement of Financial Activities** ## **for the year ended 29 February 2024** |**Note**
**s**
**Income and endowments**
**from**
**:**
Donations and legacies
2
Investments
3
Other
4
**Tota**
**l**
**Expenditure on**
**:**
Charitable activities
5
Other
7
**Tota**
**l**
Net gains on investment
s
**Net income**
8
Transfers between fund
s
**Net income before other**
**gains/(losses**
**)**
**Other gains and losse**
**s**
**Net movement in fund**
**s**
**Reconciliation of funds**
**:**
Total funds brought forwar
d
**Total funds carried forwar**
**d**|**Unrestricted**
**fund**
**s**
**202**
**4**
**£**
69,83
9
52
6
71
4
71,07
9
12,87
6
46,11
1
58,98
7
-
12,09
2
-
12,09
2
12,09
2
67,17
9
79,27
1|**Unrestricted**
**fund**
**s**
**202**
**4**
**£**
69,83
9
52
6
71
4
71,07
9
12,87
6
46,11
1
58,98
7
-
12,09
2
-
12,09
2
12,09
2
67,17
9
79,27
1|**Restricted**
**fund**
**s**
**Total fund**
**s**
**Total fund**
**s**|**Restricted**
**fund**
**s**
**Total fund**
**s**
**Total fund**
**s**|**Restricted**
**fund**
**s**
**Total fund**
**s**
**Total fund**
**s**| |---|---|---|---|---|---| |||**202**
**4**|**202**
**4**|**202**
**4**|**2023**| |||**£**|**£**|**£**|**£**| ||||||| |||69,83
9|2,60
0|72,43
9|91,88
8| |||52
6|-|52
6|1
2| |||71
4|-|71
4|3| |||71,07
9|2,60
0|73,67
9|91,90
3| ||||||| |||12,87
6|51
8|13,39
4|12,417| |||46,11
1|-|46,11
1|43,75
6| |||58,98
7|51
8|59,50
5|56,17
3| |||-|-|-|-| |||12,09
2|2,08
2|14,17
4|35,73
0| |||-|-|-|-| |||12,09
2|2,08
2|14,17
4|35,73
0| ||||||| |||12,09
2|2,08
2|14,17
4|35,73
0| ||||||| |||67,17
9|16,43
7|83,61
6|47,88
7| |||79,27
1|18,51
9|97,79
0|83,61
7| ||||||| ||||||| ||||||| Page 5 **Lifeway Church Balance Sheet** **at 29 February 2024** |**Charity No. 1176796**
**Fixed assets**
Tangible assets
11
**Current assets**
Debtors
12
Cash at bank and in hand
**Creditors:**Amount falling due within one year
13
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension asset or liability**
**Total net assets**
**The funds of the charity**
**Restricted funds**
14
Restricted income funds
**Unrestricted funds**
14
General funds
**Reserves**
14
**Total funds**|**2024**
**£**
12,050
12,05
0
16,403
72,256
88,65
9
(2,917)
85,74
2
97,792
97,79
2
97,79
2
18,519
18,51
9
79,271
79,27
1
97,79
0|**2023**
**£**
12,132| |---|---|---| |||12,13
2
22,426
52,594| |||75,02
0
(3,535)| |||71,48
5
83,617| |||83,61
7| |||83,61
7| |||16,437| |||16,43
7
67,179| |||67,17
9| |||83,61
6| Approved by the trustees on 17 December 2024 And signed on their behalf by: M. Aldaco Trustee 17 December 2024 Page 6 **Lifeway Church Notes to the Accounts** ## **for the year ended 29 February 2024** - 1 **Accounting policies** ## **Basis of preparation** The financial statements have been prepared in accordance with 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 if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. ## **Change in basis of accounting or to previous accounts** There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years. ## **Fund accounting** - Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. - Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. - Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal. ## **Income** - Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. - Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. - Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. - Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets Page 7 **Lifeway Church Notes to the Accounts** **Expenditure** Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. Other expenditure These are support costs not allocated to a particular activity. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Tangible fixed assets and depreciation** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Electronic equipment 25% Reducing balance Fixtures & fittings 20% Reducing balance ## **Freehold investment property** Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise. ## **Stocks** Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market. ## **Trade and other debtors** Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## **Cash and cash equivalents** Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. Page 8 **Lifeway Church Notes to the Accounts** ## **Trade and other creditors** Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. ## **Research and development** Expenditure on research and development is written off in the year in which it is incurred. ## **Foreign currencies** Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred. All exchange differences are are taken into account in arriving at net income/expenditure. ## **Leased assets** Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases. Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets. Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis. ## **Receipt of donated goods, facilities and services** All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity. ## 2 **Income from donations and legacies** |**Unrestricted**
**£**
69,83
9
69,83
9|**Restricted**
**£**
2,600
2,60
0|**Total**
**2024**
**£**
72,439
72,43
9|**Total**
**2023**
**£**
91,888| |---|---|---|---| ||||91,88
8| Page 9 **Lifeway Church Notes to the Accounts** ## 3 **Income from investments** |**Unrestricted**
**£**
Bank interest
526
52
6
4
**Other income**
**Unrestricted**
**£**
Interest on Gift Aid claimed
714
71
4
5
**Expenditure on charitable activities**
**Unrestricted**
**Restricted**
**£**
**£**
_Expenditure on charitable_
_activitie_
_s_
Ministry
11,344
518
Poor relief
1,532
-
_Governance costs_
12,87
6
51
8
6
**Analysis of grants**
**Activity or programme**
**Grants to**
**Individuals**
**£**
Poor Relie
f
1,532
1,53
2
**Activity or programme**
**Grant**
**funding of**
**activities**
**£**
Poor Relie
f
1,532
1,53
2|**Unrestricted**
**£**
Bank interest
526
52
6
4
**Other income**
**Unrestricted**
**£**
Interest on Gift Aid claimed
714
71
4
5
**Expenditure on charitable activities**
**Unrestricted**
**Restricted**
**£**
**£**
_Expenditure on charitable_
_activitie_
_s_
Ministry
11,344
518
Poor relief
1,532
-
_Governance costs_
12,87
6
51
8
6
**Analysis of grants**
**Activity or programme**
**Grants to**
**Individuals**
**£**
Poor Relie
f
1,532
1,53
2
**Activity or programme**
**Grant**
**funding of**
**activities**
**£**
Poor Relie
f
1,532
1,53
2|**Total**
**2024**
**£**
526
52
6
**Total**
**2024**
**£**
714
71
4|**Total**
**2023**
**£**
12| |---|---|---|---| ||||1
2| ||||**Total**
**2023**
**£**
3| ||||3| ||||| ||**Restricted**
**£**
518
-
51
8
**Grants to**
**Individuals**
**£**
1,532
1,53
2
**Grant**
**funding of**
**activities**
**£**
1,532
1,53
2|**Total**
**2024**
**£**
11,862
1,532
13,39
4
**Total**
**2024**
**£**
1,532
1,53
2
**Total**
**2024**
**£**
1,53
2
1,53
2|**Total**
**2023**
**£**
11,27
3
1,144| ||||12,41
7| ||||**Total**
**2023**
**£**
1,144| ||||1,14
4| ||||**Total**
**2023**
**£**| ||||1,144| ||||1,14
4| Page 10 **Lifeway Church Notes to the Accounts** ## 7 **Other expenditure** |**Unrestricted**
**£**
Employee costs
27,382
Motor and travel costs
4,180
Premises costs
7,650
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
3,924
General administrative costs
1,590
Legal and professional costs
1,385
46,11
1
8
**Net income before transfers**
**2024**
This is stated after charging:
**£**
Depreciation of owned fixed assets
3,924
Independent Examiner's fee
405
Other fees paid to the auditor or
independent examiner
905
9
**Trustee remuneration and expenses**
One or more of the trustees has been paid remuneration in the current or prior
**Trustee**
**Remuneration**
**Pension**
M. Aldaco
14,433
-
**2024**
**Number**
**£**
Total employee benefits received by trustees
14,433|**Total**
**2024**
**£**
27,382
4,180
7,650
3,924
1,590
1,385
46,11
1
periods.
**Other**
**benefits**
-|**Total**
**2023**
**£**
23,035
3,918
8,260
6,374
1,051
1,118| |---|---|---| |||43,75
6| |||**2023**
**£**
6,374
385
435
**2023**
**Number**
**£**
15,473| Page 11 **Lifeway Church Notes to the Accounts** |10 **Staff cost**
**s**
Salaries and wages
No employee received emoluments in excess of £60,000.
Mike Aldaco is employed as pastor.
Total employee benefits received by key management
personnel
The average monthly number of full time equivalent employees
Pastoral care
11 **Tangible fixed asset**
**s**
**Cost or revaluation**
At 1 March 2023
Additions
At 29 February 2024
**Depreciation and**
**impairment**
At 1 March 2023
Depreciation charge for the
year
At 29 February 2024
**Net book values**
At 29 February 2024
At 28 February 2023
12 **Debtors**
Other debtors|**2024**
27,382
27,38
2
27,382
during the year
**2024**
**Number**
2
2|was as follows:
**Fixtures &**
**fittings**
**£**
1,164
856
2,02
0
624
279
90
3
1,11
7
54
0|**202**
**3**
23,03
5| |---|---|---|---| ||||23,03
5| ||||23,035
**2023**
**Number**
2| ||||2| ||||**Total**
**£**
25,728
3,842| ||**Electronic**
**equipmen**
**t**||| ||**£**
24,564
2,986
27,55
0
12,972
3,645
16,61
7
10,93
3
11,59
2
**2024**
**£**
16,403
16,40
3||| ||||29,57
0| ||||13,596
3,924| ||||17,52
0| ||||12,05
0| ||||12,13
2| ||||**2023**
**£**
22,426| ||||22,42
6| Gift Aid tax reclaim due of £11,403 (Year to 28/02/23 £16,481). Concessionary loans made to individuals interest free as a form of poor relief to the value of £5,000. (Year to 28/02/23 £5,945). Repayment terms are open ended, with the possibility of converting to grants to individuals at a future date. Page 12 **Lifeway Church Notes to the Accounts** ## 13 **Creditors:** amounts falling due within one year |**Creditors:**
amounts falling due within one year|**Creditors:**
amounts falling due within one year|||| |---|---|---|---|---| |Other taxes and social security
Loans from trustees
Accrual
s||**2024**
**£**
131
1,921||**2023**
**£**
174
2,58
7| |||86
5||774| |||2,91
7||3,53
5| |||||| |Trustee loan of £1,921 payable to Mike Aldaco (Year to 28/02/23 £2,587)
.||||| |**Movement in fund**
**s**
**Restricted funds:**
**Restricted income funds:**
Building fund
Children fund
_Tota_
_l_
**Unrestricted funds:**
**General fund**
**s**
**Total funds**|**At 1 March**
**2023**
**Incoming**
**resources**
**(including**
**other**
**gains/losses**
**)**
**£**
15,91
9
2,60
0
51
8
-
16,43
7
2,60
0
67,17
9
71,07
9
83,61
6
73,67
9||**Resources**
**expended**
**£**
-
(518)
(518
)
(58,987)
(59,505
)|**At 29**
**February**
**2024**
**£**
18,519
0| |||||18,51
9| |||||79,27
1| |||||97,79
0| ## 14 **Movement in funds** Purposes and restrictions in relation to the funds: Restricted funds: Building fund Money given to purchase building for church activities Children fund Money given to fund sunday school activities ## 15 **Analysis of net assets between funds** |**Analysis of net assets between funds**|| |---|---| |**Unrestricted**
**funds**
**£**
Fixed assets
12,050
Net current assets
85,742
97,79
2|**Total**
**£**
12,050
85,742| ||97,79
2| Page 13 **Lifeway Church Notes to the Accounts** ## 16 **Reconciliation of net debt** |16 **Reconciliation of net deb**
**t**|||| |---|---|---|---| |Cash and cash equivalent
s
Net debt
17 **Related party disclosures**
**_Transactions with related parties_**
_Name of related party_
Trini Aldaco
_Description of relationship_
_between the parties_
Wife to trustee
_Description of transaction_
_and general amounts_
_involved_
Employee under PAYE
_Amount due from/(to) the related part_
_y_|**At 1 March**
**2023**
**£**|**Cash flows**
**£**|**At 29**
**February**
**202**
**4**
**£**| ||52,59
4|19,66
2|72,25
6| ||52,59
4
52,59
4|19,66
2
19,66
2|72,25
6| ||||72,25
6| ||||| |||**2024**
**£**
(12,949
)|**2023**
**£**| ||||(7,500)| Page 14 **Lifeway Church Detailed Statement of Financial Activities** ## **for the year ended 29 February 2024** |**Unrestricte**
**d funds**
**2024**
**£**
**Income and endowments from:**
Donations and legacies
69,839
69,83
9
Investments
Bank interest
526
52
6
Other
Interest on Gift Aid claimed
714
71
4
**Total income and endowments**
71,079
**Expenditure on:**
Charitable activities
Ministry
11,344
Poor relief
1,532
12,87
6
**Total of expenditure on charitable**
**activities**
12,876
Employee costs
Salaries/wages
27,382
27,38
2
Motor and travel costs
Travel and subsistence
1,750
Business mileage costs
reimbursed
2,430
4,18
0
Premises costs
Rent
7,650
7,65
0
General administrative costs,
including depreciation and
amortisation
Depreciation of Electronic
equipment
3,645
Depreciation of Fixtures &
fittings
279
Equipment repairs and
maintenance
76
General insurances
482|**Restricted**
**funds**
**Total funds**
**Total funds**
**2024**
**2024**
**2023**
**£**
**£**
**£**
2,600
72,439
91,888
2,60
0
72,43
9
91,88
8
-
526
12
-
52
6
1
2
-
714
3
-
71
4
3
2,600
73,679
91,903
518
11,862
11,273
-
1,532
1,144
51
8
13,39
4
12,41
7
518
13,394
12,417
-
27,382
23,035
-
27,38
2
23,03
5
-
1,750
1,578
-
2,430
2,340
-
4,18
0
3,91
8
-
7,650
8,260
-
7,65
0
8,26
0
-
3,645
6,141
-
279
233
-
76
-
-
482
273|**Restricted**
**funds**
**Total funds**
**Total funds**
**2024**
**2024**
**2023**
**£**
**£**
**£**
2,600
72,439
91,888
2,60
0
72,43
9
91,88
8
-
526
12
-
52
6
1
2
-
714
3
-
71
4
3
2,600
73,679
91,903
518
11,862
11,273
-
1,532
1,144
51
8
13,39
4
12,41
7
518
13,394
12,417
-
27,382
23,035
-
27,38
2
23,03
5
-
1,750
1,578
-
2,430
2,340
-
4,18
0
3,91
8
-
7,650
8,260
-
7,65
0
8,26
0
-
3,645
6,141
-
279
233
-
76
-
-
482
273| |---|---|---| |||91,88
8| |||12| |||1
2| |||3| |||3| |||91,903
11,273
1,144| |||12,41
7| |||12,417
23,035| |||23,03
5| |||1,578
2,340| |||3,91
8| |||8,260| |||8,26
0| |||6,141
233
-
273| Page 15 ## **Lifeway Church** ## **Detailed Statement of Financial Activities** |Stationery and printing
Subscriptions
Legal and professional costs
Audit/Independent examination
fees
Accountancy and bookkeeping
**Total of expenditure of other costs**
**Total expenditure**
Net gains on investments
**Net income**
**Net income before other**
**gains/(losses)**
Other Gains
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forwar
d
**Total funds carried forward**|531
501
5,51
4
405
980
1,38
5
46,11
1
58,987
-
12,09
2
12,09
2
-
12,09
2
67,17
9
79,27
1|-
-
-
-
-
-
-
518
-
2,08
2
2,08
2
-
2,08
2
16,437
18,51
9|531
501
5,51
4
405
980
1,38
5
46,11
1
59,505
-
14,17
4
14,17
4
-
14,17
4
83,616
97,79
0|778
-| |---|---|---|---|---| |||||7,42
5| |||||385
733| |||||1,11
8| |||||| |||||43,75
6| |||||56,173
-| |||||35,73
0| |||||35,73
0
-| |||||35,73
0| |||||47,887| |||||83,61
7| Page 16