## **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:
**----- Start of picture text -----**
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
**----- End of picture text -----**
## **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**
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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||Resigned 13/10/24||
||Sarah Smart||||
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– 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 £**|**Unrestricted**
**funds**
**to the nearest £**|**Restricted funds**
**to the nearest £**|**Restricted funds**
**to the nearest £**|**Endowment**
**funds**
**to the nearest £**|**Endowment**
**funds**
**to the nearest £**|**Total 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 £**|
|---|---|---|---|---|
|||||**-**|
|||||**-**|
|||||**-**|
|||||**-**|
|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 £**|
|---|---|---|---|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**Current value**
**(optional)**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**Current value**
**(optional)**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**When due**
**(optional)**|
|||||
|||||
|||||
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||||Date of approval|
|||Nicholas Lugg|11thJune2025|
|||||
CCXX R2 accounts (SS)
11/06/2025
2