Registered number Charity Number 1053084 MARANATHA MINISTRIES Report and Accounts 31 March 2024 MARANATHA NIINISTRIES Report and accounts Contents Page Charity information Trustees Report Independent Examiners, Report Statement of Financial Activities Balance sheet Notes to the accounts MARANATHA MINISTRIES Charity Information Trustees Eleanor Erskine Mrs Constance Mmieh Ms Dorothy Bray Secretary Ms Dorothy Bray Accountants Ephraman & Co Chartered Certified Accountants 4 South Walk Kent BR4 9JA Bankers Barclays Bank PIC Registered Office Grafton Square Clapharn Common London SW4 ODE Charity Number 1053084 MARANATHA MINISTRIES Trustees, Report The trustees present their report and accounts for the period ended 31 March 2024 Objectives and Activities of the Charity The objectives of the Charity as set oul in the Declaration of Trust are.. al the advancement of the Christian Faith in Ihe United Kingdom and abroad b) the relief of persons who are in conditions of need, hardship or distress or who are aged or sick, in the United Kingdom or abroad. The principal activities of the church are Christian worship and involvement of various ministries and ministers of religion in propagating Christian tenets to members (and non- members) of the Ministry at various meetings. To achieve these objectives, the Church was involved in Christian outreach programmes designed to increase Christian awareness and spread the gospel of our Lord Jesus Achlevements and Perfonnanco of the Charlty Maranatha Ministries continued its efforts in the preaching of the gospel and increased awareness of the Christian faith in and around the community the church is situaled. Many people were ministered to during the year by way of prayer, counseling, and offered help and support as befitting as possible. Evangelistic outreach was heightened and the pleasing thing is that many people in the community were reached with the simple message of the gospel. Distribution of leaflets and tracts was done and the response has been very encouraging indeed. We have seen people visit us in our services from time lo time and our prayer is that visitors who come in will stay lo become potential members of the church. Future Developmenl and other related activitles For future developments and other relaled activities. the Church will continue to focus its activities lo meet the objectives of the charity as prescribed above. There would be more emphasis on evangelistic outreach, Worship, Missions and also carry out a building project. Independent Examlners Ephraman & Co have expressed their willingness to remain in office as Independent Examiners Approval This report was approved by the board on 10 Seplember 2024. Dorothy Bray Trustee MARANATHA MINISTRIES Independent Examiner's Report Independent Examiner's report to the trustees of Maranatha Ministries We report on the Financial Statements for the year ended 31 March 2024 set out on pages 4 107 Res ective res onsibilities of trustees and examiner The charrty s trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is nol required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. 11 Is my responsibility to.. Examine the accounts under section 145 of the Charities Act, To follow the procedures laid down in the general Directions given by the Charity Commission (under section 145{51{b) of the Charities Act), and To slate whether particular maltefs have come to my attention Basls of inde endent examiner's statement My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of Ihe accounts presented with those records. 11 also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from Ihe trustees concerning any such mallers. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as lo whether the accounts present a 'lrue and fair, view and the report is limited lo those matters sel out in the statement below Inde endent examiner's statement In connection with my examination, no matter has come to my attention. 11 which gives me reasonable cause to believe that in, any material respect, the requirements.. lo keep accounting records in accordance wrth section 130 of the Charities Act., to prepare accounts which accord with the accounling records and comply with the accounting requirements of the Charities Act have not been met., or 21 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Afari E. Banwell FCCA Ephiaman & Co Chartered Certified Accounlanls 4 South Walk BR4 9JA 10 September 2024 MARANATHA MINISTRSES Statement of Financial Activities for the year ended 31 March 2024 Unreslricled Restricted 2024 2024 Total 2024 Total 2023 Notes Incoming Resources Tithes & Offerings Rental Income 133,746 50,230 183,976 133.746 50,230 183,976 143,374 64,450 207,824 Resources Expended Direct Charitable Expenditure Management & Administration 46,738 132 622 179.360 46,738 132 622 179,360 62,609 19,822 82,431 Net Movement In Funds In the year 4,616 4,616 125,393 Total Funds brought forward 1,206,011 1,206,011 1,080,618 Total Funds Carrled forward 1,210.627 1,210,627 1.206,011 MARANATHA MINISTRIES Balance Sheet as at 31 March 2024 Notes 2024 2023 Fixed assets Tangible assets 1,225,434 1,228,075 Current assets Cash at bank and in hand 59,734 60,477 Net current assets 59,734 60,477 Total assets le88 current liabilities 1,285,168 1.288.552 reditors: amounts falling due after more than one year 174,541) 182,541) Net assets 1210627 1206011 Funds U nrestricled Total Funds 1,210,627 1,210,627 1,206,011 1206,011 The Irustess are satisfied Ihat the company is entitiled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 and Ihal members have not required the company to obtain an audit in accordance with section 476 of the Act The trustees acknowledge their responsibililies for complying with the requirements of the Companies Act 2006 with respect to accounting records and preparation of accounts, The accounts have been prepared in accordan￿ with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject lo the small companies regime. Dorothy Bray Trustee Approved by the board on 10 September 2024 MARANATHA MINISTRIES Notes to the Accounts for the year ended 31 March 2024 1 Accountin9 policies The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 20081 The financial statements have been prepared in accordance with Statement of Recommended Practice ISORP 20051 Incomlng Resources Incoming resources include of grants, donations and gifts, all of which are recognised on receipt basis Depreciation Depreciation has been provided al the following rates in order to write off the assets over their estimated useful lives Equipment Furniture and Fittings 20 % reducing balance 200/0 reducing balance 2 Net Movement In funds 2024 2023 This is slated after charging.. Depreciation of owned fixed assets 3859 4,162 3 Tangible fixed assets Land and buildings Furniture & Flttlngs Equipment Totsl Cost At 1 April 2023 Additions At 31 March 2024 1,210.000 73,400 1,218 74,618 32,156 1,315,556 1,218 1,316,774 1,210,01 32,156 Depreclation Al 1 April 2023 Charge for the year Al 31 March 2024 62,848 2,354 65,2Q2 24,633 1,505 26,138 87,481 3,859 91,340 Net book value Al 31 March 2024 1,210,000 9.416 6,018 1.225.434 At 31 March 2023 1,210,000 10,552 7,523 1.228,075 MARANATHA MINISTRIES Notes to the Accounts for the year ended 31 March 2024 4 Creditors: amounts falling due after one year 2024 2023 Other creditors-Loans 82,541 5 Funds 2024 2023 At 1 April Nel Movement in funds 1,206,011 4,616 1,080,618 125,393 At 31 March 1,210 627 1,206,011 MARANATHA MINISTRIES Schedule to Ststement of Financial Activities for the year ended 31 March 2024 for the information of the trustees only 2024 2023 Income Incoming Resources 183,976 207,824 Direct Charitable Expenditure Mission Support & Travel Ministry Gift Welfare & Support Ministry Expenses & Conferences Mortgage Interest Repairs and maintenance Evangelism & Outreach Other direct costs 6,305 8,098 1,440 4,897 6,218 900 1,704 14,400 43,962 5,946 1,833 2,592 1,420 14,400 26,191 Premises costs.. Rates Outside Services -security Light and heat Cleaning 785 1,202 270 13,255 3,920 18,647 16,104 3,658 20,547 Management & Administration Telephone and fax Stationery and printing Bank charges Insurance Repairs and maintenance Depreciation Sundry expenses Bank Interest Payable 656 620 41 897 122,652 3,859 1,077 665 380 1,801 4,519 1,759 129,802 9.124 Legal and professional costs: Accountancy fees Advertising and PR Other legal and professional 1,860 240 720 2,820 1,548 9,150 10,698 153,169 38,469