LIFEWAY CHURCH

Registered charity 1176796 · accounts filings on the Charity Commission register

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.

Objects

(1) THE CHARITYÆS OBJECTS (ÔOBJECTSÖ) ARE SPECIFICALLY RESTRICTED TO THE FOLLOWING:(A) TO ADVANCE THE CHRISTIAN FAITH IN ACCORDANCE WITH THE ARTICLES OF FAITH APPEARING IN THE SCHEDULE TO THIS CONSTITUTION FOR THE BENEFIT OF THE PUBLIC IN BOLTON AND IN SUCH OTHER PARTS OF THE UNITED KINGDOM OR THE WORLD AS THE TRUSTEES MAY FROM TIME TO TIME THINK FIT;(B) TO ADVANCE THE EDUCATION OF THE PUBLIC IN THE CHRISTIAN FAITH IN BOLTON AND IN SUCH OTHER PARTS OF THE UNITED KINGDOM OR THE WORLD AS THE TRUSTEES MAY FROM TIME TO TIME THINK FIT;(C) TO RELIEVE PERSONS WHO ARE IN CONDITIONS OF NEED OR FINANCIAL HARDSHIP OR WHO ARE SICK OR IN NEED AND TO RELIEVE THE DISTRESS CAUSED THEREBY IN BOLTON AND IN SUCH OTHER PARTS OF THE UNITED KINGDOM OR THE WORLD AS THE TRUSTEES MAY FROM TIME TO TIME THINK FIT;(D) TO PROMOTE AND FULFIL SUCH OTHER CHARITABLE PURPOSES BENEFICIAL TO THE COMMUNITY IN BOLTON AND IN SUCH OTHER PARTS OF THE UNITED KINGDOM OR THE WORLD AS THE TRUSTEES MAY FROM TIME TO TIME THINK FIT.

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: General Charitable Purposes · Religious Activities · website · Get email alerts

Latest income
£52k
Latest spending
£59k
Registered
2018
Accounts read
FY2025

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.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: three months salary (held: £72k)
“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
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Trustee M. Aldaco provided a loan of £301 to the charity.
“Trustee loan of £301 payable to Mike Aldaco” — page 16
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Bolton

Income and spending

Financial year endIncomeSpending
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.