LIFEWAY CHURCH
A Christian Church, operating through rented premises, employing a pastor and his wife. We organise meetings, including those for youth and outreach. We also give to the poor.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net expenditure of £6,735 for the year, resulting in a decrease in total net assets from £97,791 to £91,056. The trustees maintain a reserves policy targeting three months of salary and working capital, with unrestricted funds held at £71,837. The independent examiner confirmed that no material matters were identified during the examination of the financial statements.
What the accounts disclose
“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” — page 4
“Trustee loan of £301 payable to Mike Aldaco” — page 16
Trustees
- Pastor MICHAEL ALDACOchair
- CONSTANT ANASET PGDT PGCE
- Jude Michael Aldaco
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 28/02/2025 | £52k | £59k |
| 29/02/2024 | £74k | £60k |
| 28/02/2023 | £92k | £56k |
| 28/02/2022 | £49k | £39k |
| 28/02/2021 | £49k | £31k |
Common questions
Is LIFEWAY CHURCH financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net expenditure of £6,735 for the year, resulting in a decrease in total net assets from £97,791 to £91,056. The trustees maintain a reserves policy targeting three months of salary and working capital, with unrestricted funds held at £71,837. The independent examiner confirmed that no material matters were identified during the examination of the financial statements. Its FY2025 accounts were independently examined.