LIFE STREAM CHURCH CIO YEAR ENDED 31 DECEMBER 2024 ANNUAL GENERAL ACCOUNT CHARITY NUMBER 1199373 BK PLUS LIMITED CHARTERED CERTIFIED ACCOUNTANTS Adventure Plac8 Hanlfry stoke on Trent Staffordshire ST13AF Independtnt Examlnerf$ report to the tru8toe8 of Llfe Stream Church CIO I report to the trustees on my examlnatson of Lif8 Strearn Church CIO a¢counls for the year ended 31 Oecember 2024, which are s81 out on pages 2 and 7. Re8ponslblliti85 and ba515 ol rèport AS the charity Iruslees of th8 Trust you are responslbb for the preparation of th8 8c(x>unts in ac¢ordan¢o wlth the requirem8nls of th8 Charities Act 20111'the A¢t'i. I report in r8spect of my examination of the Trustee's accoun18 carrled oul under s.145 01 the 2011 Act and in carrying out my examination I have followed all the applicable Dir8clions given by the Charity Catnmission under 8.14515llbl of th8 2011 Act. I have completed my 8K8minalion. I confimi that no material matters have com8 to my attention in Gonne¢lion witt) the 8xaminalion giving me cause to belEve that in any material respe¢l'. 111 accounting records w8r8 not kept in respect of the Trust a$ requlr8d by 8.130 of th8 Act., or 121 th8 accounts do not accord with those o¢ords. I have no concern5 8nd have Gome atross no othèr matt8rs in connection wth the ex4mination to whl¢h attention should b6 drawn in thi5 repi>rt in orderto anablè a proper understanding of the accoun15 to be ￿8¢hed. K. R Salt FCCA i i J.4 l*JA BK Plus Llmited Chartered Certifi8d Accountsnts AdvenbJre Pla H3nley stoke on Tr8nl Staffordshire STI 3AF Page I LIFE STREAM CHURCH CIO CHARITY NUMBER 1199373 RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestrlctsd Funds Restricted Funds Total 2024 Total 2023 transferred from Life Stream charity to Life Slream CIO Gift aid debtor - bank balan￿8 377 12.290 Off8ring8 Grants & donations Inote11 Vision 25 lor 25 Special Mission Ichelll Gift Aid Reclaim Building Fund Life Stream Kid5 Coffee House Toddlers Thrive Youth Church Away W88k8nd Tuesday Venue Flourish Women's Mlnistry Connect Warm Spaces Gems Room Hire Bank interest received Sundry income 73.536 1,183 13,723 4,433 11,707 87,258 5,616 11,7D7 7S4 13,184 200 255 447 66,306 8,600 754 11,865 2,404 9,014 330 270 573 80 5,121 651 1,685 1,318 200 255 447 1,044 1,925 1,925 1,419 655 1.419 655 20 775 1.325 83 231 90.843 1.325 83 231 126.103 251 108.748 35.260 Payments Pastors, stipend Tax and Insuran Pension Repalrs and ￿n￿waIS Pastor5. rnSleage C188ning Gas E58Ctriclty Water Telephone AOG Subscription Life Stream Kids Church event Costs Stationery, literature and advert151ng Visiting ministry Church Insuran Misce118neous Conference costs Care visiting Costs Accountancy fee5 Tuesday Venu8 Chur¢h away weekend Media and audio equipment Church c8pitsI costs Pastor mobile phone ancl gifts (partially fundEd by donalion'sl 28,692 3,918 1.758 7.878 1.509 908 6,839 818 102 491 2,831 3,487 32,179 3,918 1,758 8,078 1,509 908 7,038 818 102 491 2,821 249 1,900 511 1,527 3,137 990 2,936 176 1,134 1.926 300 1,124 1,137 28,781 2,780 1,424 4,033 1,373 696 5,398 997 167 1,022 3.260 42 2,307 249 1,180 2,020 946 1,536 200 199 249 40 1,860 511 1,252 3,137 990 2,886 176 1.134 275 50 1,926 2,391 5,392 302 1,158 1.124 1,137 1.100 1.100 1,720 Page 2 LIFE STREAM CHURCH CIO CHARITY NUMBER 1199373 RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestrl¢¢ed Funds Re$lrl¢ted Funds Total 2024 Total 2023 Training course5 S8f8guarding Connect Warm Spaces Oonalion5 (note 21 Special Mis8ion Ichelll Honorarium & glfts Arena Church Fire safely assessment Software & Licenses Website costs Flourish Women's Ministry Coffee House Toddler5 Gems Oulrea¢h ministry costs Youth outreach Soft Play group Amounts paid on behamolold Ch&rity 1.684 256 1,684 256 86 17.185 5,001 45 625 1.744 363 86 15.423 1.762 5,001 45 625 9.883 5,122 502 300 570 1,517 1,534 570 1,564 391 1,534 570 1,564 391 1,897 1,098 200 235 485 362 690 94.526 130 249 130 249 85,161 21,935 107,097 Increase I Ireduclionl in funds 5,682 13,325 19,006 14.220 Transfer belween funds Opening bank & cash balanc8S 10,311 3,910 14,220 Closing bank & cash balan￿$ 15.993 17,234 33.227 14,220 Page 3 LIFE STREAM CHURCH CIO CHARITY NUMBER 1199373 RECÉIPTS AND PAYMENTS ACCOUNT CONTINUED FOR THE YEAR ENDEO 31 OECEMBER 2024 SUMMARY OF FUNDS Irepresented by bank balancosl 2024 2023 RESTRICTED FUNDS Tuesday venue fund Missionary fund- (from Church des￿n￿ted Tithe) Church Away Weakend Connect Watrn Space Wi$ion 25 f￿ 25- f8cllity improvèmtrnl fund Life Stream ￿d5 646 3,375 646 3,136 330 11,707 134 17.234 128 3,910 UNRESTRICTED FUNDS 9,889 5,742 Building fund Idesignaledl Vlsion 25 lor 25- facility Improvernenlfund Coffee House Set Up Youth Alph3 Course SendSnE Fund Chell Church Plant Heating Fund Thrive Youth Flourish 2024 200 3.686 122 1.734 12 1.168 862 1,360 404 300 252 302 54 33.227 14.220 Page 4 STATEMENTS OF ASSETS AND LIABILITIES FOR THE YEAR ENDED 31 DECEMBER 2024 GENEFiAL ACCOUNT UNRESTRICTED FUNDS 2024 2023 Debtors Glft Ald refund 801 735 801 735 Cash FundB TS8 Account CTrop Account Ctrop Reserve Acwunl 1,660 12.560 2,489 30.738 33,227 14,220 Llabllitivs Independenl examination fee Sundry Ikthilillas 870 2,635 726 2,115 3.505 2,841 Norb MonetaryA&se For use by Ihe charity and belonglng lo the G£nerBI Purpose5 Fund.. Church bJildlng and grounds Church hBII Iw ssme grounttsl Gara9e Sound and P. A. equipment Ampllfiers, @lc. Sound syslgm and booth Furnlture and general furnlshings Projector 2 Apple Mac Computers and 1 PC TV5 C8mer8 t4ulpmenl Soft plgy equipment Purcha8eLI In the year New compulerfor audio and me(lia Th8 twst80'8 Confirm the following: al there wor8 no guarantOÈ5 given by the CIO. where aTry potentlgl Ilablllty und•rthe guardntee Is Outstanding at the date of th8 statement.. and bl there were no debts outstanding at the dato of tho statèmèntwhich 15 owed by tho CIO and whl¢h Is $ocur6d by an 8xpros8 Charge on any of the assets OF the CIO. These flnanclal statements wgr8 approved by and slun8d on bohalf of the Trustees of Llfv $tro8m Church CIO TruBtee.' L (YALitsJ Date 1210i1 tot P38e 5 LIFE STREAM CHURCH CIO RECEIPTS AND PAYMENTS ACCOUNYS FOR THE YEAR ENDED 310ÈCÉMaER2024 NOTES TO THE RECEIPTS L PAYMENTS ACCOUNTS 1 Doftatlon5 & Grants Unroslrlcted Restrlcted 2024 2023 Biddulph Town Council Grant (Soft p18y e4ulpmenll Blddulph Town Council Grant Pledge5 10 rnis51ons 8ccwnl Mifts Tolh'$ work in 8lovakialBralislavg Donations collÈci$d for 8iddulph ComTnunty Spaces Healing Gosls donali0Trs Oonalion$ Iow8rd$ P8Stor Salar￿$ Honour our Pastors. Donalbns Funeral 0￿8110￿$ Offering forTim Quispel Joss Hold¢roft- Austria Missl Mayers Grants . Gmge pha Donatio 750 1.000 1.805 1.100 170 3.487 3.487 557 1,335 1.832 1,183 1.183 275 275 460 160 50 160 4,433 5.616 8,600 2 Donations 2024 Tolal 2023 Ttstwl Unr•strlct•d R•strl¢t$d Iiregularspeclal Payments Arent Church Donation lo KThyper$￿Y Knights FC Donation 10 BCYZ Church Rd Miro Toth's work in SIov8klwBraus￿va Ov*r$Èa Mission trip fund payments Pasiors lrfp fr%￿￿$￿$ Ukraine 4$ 45 1(N) 100 1.1QO 970 747 970 747 408 2.200 810 500 650 408 2.200 810 500 650 500 2,396 960 James Koiey lernergency fundin81 WOW World of Worth OflerlnE Zlon Mlnlstries Offering Donation to Deborah James Donatlon to Claire Klnkead (Tornado Rellefj Donations sent tD Ukraine DoDatiDn5 sentJe55 Holdcroft Mission Trlp to Austrla 2,3 960 Mltssion donations and support WOW Woild ofworth AOG World Ministries (Claire Kinkeadl JBmaica CAM Zalre Evan. M155ion Ask-of Ghana orphanage project Zion Ministrie5 (Michael Kanul Sierra Leone Quarterly Giftto Marian Poljak ISlov3kial Operation Mobilis IDeborahJamesl AOG Earthquake appeal T Pass Christian Solidarity WortthYid8 600 980 1,080 680 1,400 1.100 1,160 fioo 1,480 1,080 680 1.400 1.100 1,160 730 1.568 1.575 1.330 20 100 100 1,7fj2 95.423 17,185 9,883 PagE 6 LIFE STREAM CHURCH CIO RECEIPTS AND PAYMEIITS AC¢OUtr4TS FOR THE YEAR ENDED 31 DECEMBER 2024 NOTES TO THE RECEIPTS & PAYMENTS ACCOUNTS 3 Lw*l$ta141S The church was wevlously rufl as an unincorwraled charity. On the 1st January 2023 the as5elS, liabililb8 aclivitses of that charity were iran51erred lo Life Slream Church CIO whl¢h Is a Cbarilable In¢orpor8led 01gainsaliDn and is regisl8red with Ihe Charity Commi￿[￿n 4 Trnnsferbtheeft lunds There were no Iranslers bèlween fund this year. Page 7 LIFE STREAM LIFE STREAM CHURCH Annual General Report for 2024 www.lifestreamchurch.uk office@lifestreamchurch.uk LIFE STREAM Summary Thi5 15 the annual report for members of Ltfe Stream Chur(h. This report consists of the Trustees report, an(1 the Finan￿ Report. Contents Page 2 Trustees, report Page 4 Finance report LIFE STREAM Trustees, Report I write this ￿port as Pastor, and chairman of Trustees, at the en(1 of what has been a really encouraging year. Our objective as a charity is to advance the Christian faith in accordance with the Statement in such ways and in such part5 of the United Kingdom or the world as the Church Council from time to time may think fit. The main activity 15 the holding of Christian religious seNices and related actNlties each week for the benefit of Biddulph. Chell and the surrounding areas. Governance The trustees are Mark Holdcroft Ichairmanl. Elizabeth Holdcroft, Marianne Palin and Kristian Thorpe. There are also sub-committees that deal with renumeration and the mission's fund. Thi5 last year work ha5 been done to improve systemsand policies. An annual Caden￿ was introduced for recurring routines. processes and systems. The trustees are still in the process of identifying and recrurf(ing additional trustees. We also ran our annual safeguardin8 training, thi5 time adding a dedicated section on vulnerable adults. People found this addition invaluable. A number of essential repairs to the church building were carried out includinB a new roof over the kitchen area of the Hub. The trustees have spent time researching solutions for the heating problem in the Coffee House and subsequently, the main hall. Several quotes were acquired and a contract has now been agreed with work set to commence at the start of February 2025. At the start of the year we launched our'vision 25 for 25,. The aim was to raise £25,[￿ by the year 2025 to help fund our proposed second campus and for the work ￿quired to sort the heating problem in the Coffee House and furnish it ready to be used as a Coffee House to the publit. During 2024 we managed to raise £12,096.29. The general giving into the church increased in 2024 year and so the 'Vision 25 for 25, amount has been extra giving that wouldn't have ordlnarily come In. Vlslon We have continued in 2024 to hold to the Vision of being a Missional Church wf(h a Missional Culture, Missional locatlons and a Misslons School. We have also held to the values that guide us on thatjourney.. constant￿ Seeklng, Mutually Honouringand Extravagantly Blessing. regularly mentioningthem. teaching into them and modelling them. On ourvision day in january, Pastors Liz and Mark, reminded the church again of the part of the vision to plant mi55ional locations. Campuses In accordance with the Vision, in 2024 we went from being one church in just one location, to one church in two location5. 2024 saw the development of our outreach in the Chell area, culminating in the launch of our second campu5 in October, and the commissioning of Isaac and Esther Asplin as Campus Pastors. They have developed a strong core team of leaders around them. Our Chell campus runs weekty Sunday afternoon servi￿$ Iwith 3(>40 in attendance) and fortnightly prayer meetings. Throughout 2024 we also ran a parent and toddler group and in June ran an Alpha course. The Campus had its first baptism at the end of September. Our Biddulph Campus has continued to see growth throughout 2024, and this is reflected in the increase in tithes and offering5 of almost 22% a5 compared wtth 2023. We have also had number5 of people, both adult5 and youth, coming to faith and being baptised. We've also seen growth in the number of volunteers during the year. Our LIFE STREAM children's work, which had a new leader at the start of the year, has seen an increase in the numbers of children attending as well as launching a new service for children of creche age. Besidesthe Sundayservices, we have continued wtth our midweek meetings forvarious age groups and small groups focussed around areas such as prayer. craft. and discipleship. Of note. is the relaunch of regular discipleship for yOLJng people due to a number of young people getting saved and being baptised. Sadly, we had to stop several outreaches to the community for various reasons,. our SEND session, Connect and Parents & Toddlers. However, we are hopefulin 2025 to begin some newoutreache5 Wlth Some initiatwes already in the pipeline. Mlsslon In 2023, our mission's team committed to organising abroad mission trips for our congregants, starting in 2024. The plan being to run at least one mission trip each year. primari￿ to one of our missionaries abroad but also to other places too. To aid our people, we also established a 'sending fund. to supplement the costs of mission trips. We're overjoyed to say that 2024 exceeded our expectations as multiple mission trips were made by people in the church. In August, Pastor Mark and two others went on a mission to Ukraine and then in December Pastor Liz and three others went on Miss￿n to Bulgaria. The Bulgaria trip consisted of delivering Christmas gifts to disadvantaged children, this provided the opportunrty forthe whole church to get involved by donating Christmas 8ifts. There were also individuals that went out on mission. one to Czech in June and another to Vienna in September. These mission trips have had a significant impact on the individuals that went as well as the church as a whole, stirring a desire in others to go on missions in 2025. We contSnued In 2024 to support our regular missionaries abroad, ICI% of all tithes and offerings automatbcally go into our mission'sfund. Addr(ionally, we also had the pleasu￿ of having visits from our missionaries Deborah James Imadagascarl, Michael Kanu (Sierra Leonel, Andy David Iwowl, and James Kotey (Ghanal, and took up special offerings for them. We also took up a special offering for a church building project in Ukraine. The growth of the church's heart towards mission is reflected in the increase in our missional giving. Extra giving, that's excluding the Ice6 from tithes and offerings, increased by 125%1£3,115 in 2023, £7,015 in 20241. Mlsslons School Our Missions School is a realty important part of discipleship, equipping the church for service. This year we ran 'Lrfe Stream IOI, which serves as an introduction to our church, it's Vision and value5. A5 part of the 1015erie5 we also ran Alpha for the first time. The meetings were held in Chell with around 10 people. Almost all of these have continued to attend and one person got baptised. As part of 201 we were able to run a parenting course wi(h several parents and grandparents attending. Our 301 discipleship took shape overthe year. and as well as rnOnth￿ training. our leaders also attended several leadership days during the year. We also saw several of our younger leaders complete the preaching course gniing them valuable 5ki115 to read, study, understand and teach the word effech.ve￿. Chairman of Tru5tee5 LIFE STREAM UFE sfREAM C￿VRcH CIO AnnualAccounts- 2014 EXPENSÉS INCOME 2024 2014 £ 16.673.95 £ 12.737 08 2.305. 39.121.20 £10.566.24 2.617.59 6A45 63 É 11.707 43 2WOO 753.54 255 00 447 12 £ 15.984.92 £ 16.193 85 3.918 14 1.758.48 l.S08.81 i.100.00 384.00 ?￿38 31 81? 90 102.09 49121 90S 24 5.308 $7 3.136 69 750 00 GIFT*OOFFEftihQS IFf￿0Pm0DI￿EC[ IP2I6AS fjIFT*4OINCOME Q+AEOM5MLDQNAnoro É 1.710.M 61Ft5% 5PEflALOFFEWIPb55 ot115 FOR15 3JOJ70 lJ5J70 WATEA ESTHE￿ CDFFEEHOUSETQDDIEN5 TH￿VE￿O￿l DQMHIRE 525 00 1.924 99 625 00 IUESDAYVk￿ cONNE(Tw￿￿￿5PI(ts 1.043 75 2J30 89 4.557 39 >)6tr￿ I.￿sAj 1.419 00 6.42J.15 B2.94 IISSION5*ccfrt*4T 249.39 J90.71 l5cpl￿￿0U￿ 29?.30 149.10 29.¥7 85.7) Its75.89 176.2S 1.926.09 223.88 2.391.82 1ts3J.82 st￿10￿7*￿A¥a10L I￿s￿¥V4￿uk EbTVI15 IMJio CQLNWS I.I•iTrA J 2.969 33 510 84 255 56 1801 91 Joo.00 sj￿ 98 £ 1.56J S4 5.1•1 SQ 64J.66 970.00 £ 15.505.87 TOTAL INCOME £ 126.102.9I LW7JJJ iorALÉXPEtr4SES £107)J96.11 CvrieTht A_15 ftESTrICTED FUNDSATJI.12.14 I2￿5) 27 678 X8 DE51ts*4ATED FiINOSATJI.12.14 25 for 25 3￿86 42 Fund 200 00 )2231 LbfeStre3rn Klds 183 58 Sendiry FL 1.167 SO 5.176.23 Thrbve Vouth 5404 Cloverley H311 Weekend CONNE¢T-W¥rrn sp￿¢5 l.W3 7S 330.00 TOT￿ IN FUfrIDS: £ 18.161.00 AESEAVES POUCY.. GENERAL FUND5-. 5.563.14 BANK BALANCE 31.IZ.14 £33.IZ7.14