## **Trustees’ Annual Report for the period** **From 1[st] January 2022 To 31[st] December 2022** ## **Charity name: Lordsway Foundation** ## **Charity registration number: 1183127** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of the
charity as set out in its governing
document|Para 1.17|To advance the Christian faith for the benefit of the
public in accordance with the
Statements of Beliefs mainly, but not
exclusively through the provision of facilities for
Christian training and service and the
provision of assistance to the wider Christian
church in its ministries in such parts of
Africa and the world as the Trustees may from time
to time think fit andto fulfil such
other purposes which are exclusively charitable
according to the law of England and
Wales and are connected with the charitable work
of the charity.| |Summary of the main activities in
relation to those purposes for the
public benefit, in particular, the
activities, projects or services
identified in the accounts.|Para 1.17 and
1.19|The main activities are the support and
encouragement of local churches and their
leadership mainly through the ministry of Lordsway
Ministries International, a Zambian registered
church organisation.
We provide financial support to enable the trans
local ministry and visitation of churches that would
otherwise not be possible.
We provide financial and practical assitance to
pastors whoe local churches are not financially
strong enough to bee able to sustain their support,
thus enabling them to focus on their work and the
growth of their church rather than just survival.
We resource mission trips to different areas, and
inititives designed to encourage and stregnthen
leadership at alll levels.
We host pastors retreats, aimed at those carrying
overalll responsibility ofr their churches, providing,
teaching, training, encouragement and
refreshment.| |Statement confirming whether
the trustees have had regard to
the guidance issued by the
Charity Commission on public
benefit|Para 1.18|The trustees have had regard to the Charity
Commission guidance on public benefit.| ## **Additional information (optional)** |**Additional information (optional)**|**Additional information (optional)**|**Additional information (optional)**| |---|---|---| |You may choose to include further statements where relevant about:||| ||SORP
reference|| |Policy on grant making|Para 1.38|| |Policy on social investment
including program related
investment|Para 1.38|| |Contribution made by volunteers|Para 1.38|| |Other||| ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to the
circumstances of its beneficiaries
and any wider benefits to society
as a whole.|Para 1.20|In this reporting year we have seen significant
financial growth when compared the the previous
year, with a total income of £12,782.91 compared
to £8,956 for 2021.
£2,940.30 was used to meet overhead costs for the
ministry in Zambia, including utility costs, vehicle
costs, administration and a one off payment to
assist in the cost of a funeral related to the ministry.
These funds enable the effective function of
Lordswa Ministries in its role overseeing the work
of the local churches there. The churches are
unabke to sustain the umbrella ministry and so our
partnership achieves what they cannot.
£5,867.32 was used to support pastors, with
subsistence expenses, medical assistance, rent
support, training and transport. Without this
support pastors would find the basic costs of living
unsustainable and it would be impossible to
exercise an effective ministry. Local churches are
unable to meet these costs alone.
£2,108.50 was used from a restricted fund donated
to support a Pastors’ Retreat in April 2022. This
was an extremely successful event with Pastors
from all over Zambia gathering together in Mufulira
for teaching, training and encouragement. The
funds covered transport, accomodation and food
for all delegates.
£1,985.06 was used to cover expenses for the
chair of trustees to be in Zambia twice in 2022 to
engage in the work of the ministry there and to
monitor progress. He was a keynote speaker in the
Pastors’ Retreat.| £577.08 was used in funding mission trips to different churches in the network. £391.19 was the cost of administrating the ministry in the UK including bank transfer charges. **Additional information (optional)** You may choose to include further statements where relevant about: |
You may choose to include further|
statements where|relevant about:| |---|---|---| |Achievements against objectives
set|Para 1.41|| |Performance of fundraising
activities against objectives set|Para 1.41|| |Investment performance against
objectives|Para 1.41|| |Other||| ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s financial
position at the end of the period|Para 1.21|The charity’s financial position at the end of the
period is sound. The cash at bank and in hand was
-£221.84, the deficit being more than covered by
an HMC gift aid refund due after the end of the
period.| |Statement explaining the policy
for holding reserves stating why
they are held|Para 1.22|No reserves are held| |Amount of reserves held|Para 1.22|£0| |Reasons for holding zero
reserves|Para 1.22|The charity has no contractual obligations or
overheads and is only at liberty to spend resources
it has in hand| |Details of fund materiallyin deficit|Para 1.24|None| |Explanation of any uncertainties
about the charity continuing as a
going concern|Para 1.23|None| ## **Additional information (optional)** You may choose to include further statements where relevant about: |
You may choose to include further|
statements where|relevant about:| |---|---|---| |
The charity’s principal sources of
funds (including any fundraising)|
Para 1.47|| |Investment policy and objectives
including any social investment
policy adopted|Para 1.46|| |A description of the principal
risks facing the charity|Para 1.46|| |Other||| ## **Structure, Governance and Management** |Description of charity’s trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|Constitution| |How is the charity constituted?
(e.g unincorporated association,
CIO)|Para 1.25|CIO| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of any
person or body entitled to
appoint one or more trustees|Para 1.25|Trustees are appointed as necessary by the
existing trustee board| **Additional information (optional)** You may choose to include further statements where relevant about: |
You may choose to include further|
statements where|relevant about:| |---|---|---| |
Policies and procedures adopted
for the induction and training of
trustees|
Para 1.51|| |The charity’s organisational
structure and any wider network
with which the charity works|Para 1.51|| |Relationship with any related
parties|Para 1.51|| |Other||| ## **Reference and Administrative details** |Charity name|Lordsway Foundation| |---|---| |Other name the charity uses|| |Registered charity number|1183127| |Charity’s principal address|9 Darfield Avenue
Owlthorpe
Sheffield
S20 6SU| ||| ## **Names of the charity trustees who manage the charity** |1
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20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or body) entitled**
**to appoint trustee(if any)**| |---|---|---|---|---| ||Nicholas Lugg|Chair||| ||Erica Lugg|||| ||Stephen Astwood|||| ||Sarah Smart|||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| – Corporate trustees names of the directors at the date the report was approved **Director name** Name of trustees holding title to property belonging to the charity **Trustee name Dates acted if not for whole year** ## **Funds held as custodian trustees on behalf of others** > Description of the assets held in None this capacity > Name and objects of the charity None on whose behalf the assets are held and how this falls within the custodian charity’s objects > Details of arrangements for safe None custody and segregation of such assets from the charity’s own assets ## **Additional information (optional)** ## **Names and addresses of advisers (Optional information)** **Type of Name Address adviser** ## **Name of chief executive or names of senior staff members (Optional information)** ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details ## **Other optional information** ## **Declarations** ## **The trustees declare that they have approved the trustees’ report above.** ## **Signed on behalf of the charity’s trustees** |**Signature(s)**
**Full name(s)**
**Position (eg Secretary,**
**Chair, etc)**
**Date**||| |---|---|---| ||Nicholas Brian Lugg|| ||Chair|| ||23rdMay 2023|| ||23rdMay 2023|| CHARITY COMMISSION FOR ENGLAND AND WALES Lord8way Foundation 1183127 Receipts and payments accounts CC16a For the period frorn Period start date Ptrriod end d81& 0110112022 3111212022 Section A Receipts and payments Unrestricted funds RÈstrictÈd funds Endowment funds Total funds Last year tothe n•ar4st to th•n•arBst É to the nBar•st É to tho n•ar8st £ toth4 nearoBtÉ A1 Re¢Èl ts GeTher31 Fund Income Pastor$ Retr9at2022 10,745 10,745 2.037 8,974 2.037 Sub totallGross incom8 forARI 10.74 2.037 12.78 8,956 A2 Asset and investment sales, see table Sub tota Total receipts 12.78 A3Pa ments Zatnbia opera￿O￿al expendiiure 577 577 ort Workers Support Airfares Intemational Travel Iothers UK operaiionalempendllu Pastor$ Retr9at2022 339 339 499 499 591 Sub total A4 Asset and investment urchases, see tsblo Sub totsl Total payments Net of receipts/(paymentsJ AS Transfers between funds A6 Cash funds last year end Cash funds thls yearend 72 72 CCXXR1 accounts ISSI 3110512023 Section B Statement of assets and liabilities at the end of the period Unrestricted funds to nearo$l Restricted fijnds to n•argst f Endowment funds to nfyarg$t £ Categorie5 B1 Cashfunds 222 Total cash funcls 222 Unrestrlcted funds Restrlcted fund5 Endowment funds Detsils to nearosl £ to n•argst f to nwarg$t £ B2 Other monetary assets Fundto which a8s•t b8lon Cyrrontvalug Details B3 Investment assets Fundto whlch asset b*long$ Current value Details B4 Assets retained for tha eharity'5 own us8 Fundto whlch r•lat8s Amount du Wh•n Details BS LSabllltles Signed by ont or tWOlrusi•as on beh8lf of 811 the Iruslees Signatur8 Print Nam& Dale of roval NiGholas Lu 23rd Ma 2023 CCXXR2 accounts ISSI 3110512023