2024-12-31-accounts - Lordsway Foundation

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Trustees’ Annual Report for the period

From 1[st] January 2024 To 31[st] December 2024

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 organization. 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 assistance to pastors whose local churches are not financially strong enough to be 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 initiatives designed to encourage and strengthen leadership at all levels. We host pastors’ retreats, aimed at those carrying overall responsibility for their churches, providing, teaching,training,encouragement and refreshment.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission onpublic benefit	Para 1.18	The trustees have had regard to the Charity Commission guidance on public benefit.

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 the general unrestricted income of the charity was slightly up on the previous year (£11,660). This is an encouragement and means we have been able to continue in our support of local pastors and their ministries and also plan for extraordinary events such as a conference/retreat to enable the resourcing, encouraging and strengthening of churches and leaders. £2,198 was used to meet overhead costs for the ministry in Zambia, including utility costs, vehicle costs, and administration. These funds enable the effective function of Lordsway Ministries in its role, overseeing the work of the local churches there. The churches are unable to sustain the umbrella ministry and so our partnership achieves what they cannot. There is a shared cost of running a vehicle with another charity CiCA UK. £5,375 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. £332 was used in funding mission trips to different churches in the network. £161 was the cost of administrating the ministry in the UK including bank transfer charges. We received a large donation from Meadowhead Christian Fellowship and their mission offering. £1,794 was received and this money was used in different ways. In part it funded the purchase and registration of a motorcycle for apastor in the far north of Zambia,

who has a number of churches that are impossible to visit without motorized transport. The other project was the rebuilding and improvement of a church building in a rural community in the northwest of Zambia, who had had their previous mud and thatched building destroyed by fire. Plans were also laid for a whole ministry conference combined with a pastors retreat to be held at Easter 2025. A venue was secured and paid for in this reporting period. This will be the first such conference for 10 years and will be a very significant and beneficial event for all churches and leaders involved. The plans will involve transport, accommodation, food for delegates.

Additional information (optional)

You may choose to include further statements where relevant about:

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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
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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 £1,273, with £17 beingowed to cover cash expenses.
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 materially in 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:

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:

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

Charityname	LordswayFoundation
Other name the charityuses
Registered charitynumber	1183127
Charity’s principal address	9 Darfield Avenue Owlthorpe Sheffield S20 6SU

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Dates acted if not for whole year
Nicholas Lugg	Chair
Erica Lugg
Stephen Astwood		Resigned 13/10/24
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 this None capacity

Name and objects of the charity on None 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
	11thJune 2025
	11thJune 2025

Lordsway Foundation

1183127

Receipts and payments accountspts and payments accountsts and payments accountspayments accountsayments accountsyments accountsments accounts

Receipts and payments accountspts and payments accountsts and payments accountspayments accountsayments accountsyments accountsments accounts CC16a For the period Period start date Period end date To from 01/01/2024 31/12/2024

Section A Receipts and payments

A1 Receipts	Unrestricted funds to the nearest £	Restricted funds to the nearest £	Endowment funds to the nearest £	Total funds to the nearest £	Last year to the nearest £
General Fund Income(Donations)	9,765	-	-	9,765	10,235
Bank Interest	1	-	-	1	1
Conference 2025	100	-	-	100
MCF Mission Offering	1,794	-	-	1,794	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
*Sub total*(Gross income for AR)	11,660	-	-	11,660	10,236

A2 Asset and investment sales, (see table).
	-
	-				-
*Sub total*	-				-
*Total receipts* A3 Payments
					10,236

Zambia Operational Expenditure	2,198	-	-	2,198	2,855
Mission Trips	332	-	-	332	279
Pastors' Practical Support	5,375	-	-	5,375	5,301
Workers' Support	52	-	-	52	115
Airfares	1,263	-	-	1,263	47
MCF Mission Offering	1,624	-	-	1,624
UK Operational Expenditure	161	-	-	161	206
Other miscellaneous	227	-	-	227	162
Conference 2025	222	-	-	222
**Sub total **	11,453	-	-	11,453	8,965

A4 Asset and investment purchases, (see table)
	-
	-
**Sub total **	-				-
*Total payments* *Net of receipts/(payments)* A5 Transfers between funds A6 Cash funds last year end *Cash funds this year end*
					8,965

	207				1,271
	-				-
	1,049				- 222
	1,256				1,049

Section B Statement of assets and liabilities at the end of the period

CCXX R1 accounts (SS) Categories B1 Cash funds	1 Details *Total cash funds* (agree balances with receipts and payments account(s)) CAF Current Account Cash Account	Unrestricted funds to nearest £ 1,273 - 17 - 1,256 OK	11/06/2025 Restricted funds Endowment funds to nearest £ to nearest £ - - - - - - - - OK OK	Endowment funds to nearest £
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Signed by one or two trustees on behalf of all the trustees B5 Liabilities B3 Investment assets B2 Other monetary assets B4 Assets retained for the charity’s own use	Details Details Details Details Signature	Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) - - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) - - - - - Print Name Nicholas Lugg	Endowment funds to nearest £
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			Date of approval
		Nicholas Lugg	11thJune2025

CCXX R2 accounts (SS)

11/06/2025