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2025-08-31-accounts

REGISTERED CHARITY NUMBER: 1092273

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 August 2025

for

New Maranatha Christian School Trust

Chris Vaughan Accountants 195 Ermin Street Swindon Wiltshire SN3 4NA

New Maranatha Christian School Trust

Contents of the Financial Statements for the Year Ended 31 August 2025

Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Cash Flow Statement 7
Notes to the Cash Flow Statement 8
Notes to the Financial Statements 9 to 15
Detailed Statement of Financial Activities 16 to 17

New Maranatha Christian School Trust

Report of the Trustees for the Year Ended 31 August 2025

The trustees present their report with the financial statements of the charity for the year ended 31 August 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charity's principal activities comprise the advancement of education for children between the ages of 3 and 18 years promoting the Christian Faith, in particular by the provision of a School or Schools based on Christian principles, values and doctrines. Public benefit: Our vision is to be the school of choice for Christian parents who want their children to achieve academic and vocational excellence, developing Godly character and a Biblical worldview in an affordable, loving Christian environment. Our school supports families and students from a diverse range of backgrounds. By providing a fully rounded education to a high standard, the school is able to ensure each student fulfils their potential and are equipped to make a useful contribution to society as a whole. For most families, the cost of sending their children to the school requires significant sacrifice. The bursary fund assists in meeting the public benefit requirement by providing funds for students based on assessed financial need, ensuring access is not limited by economic circumstances. Many staff work at lower pay scales than comparative roles in state schools in order to support the school in fulfilling its vision and ensure the school is financially accessible to as many families as possible.

Public benefit

Our vision is to be the school of choice for Christian parents who want their children to achieve academic and vocational excellence, developing Godly character and a Biblical worldview in an affordable, loving Christian environment. Therefore, we want our school to be accessible to families and students from all walks of life. This means that our fees structure is at a level which makes every effort to ensure education is affordable. However, the school is aware that some families may have difficulty in paying these fees, as such it provides bursaries for children whose families are unable to meet the full cost of their education. By providing a fully rounded education to a high standard the school is able to ensure each student fulfils their potential, in turn, enabling them to make a useful contribution to society as a whole.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

During the year, the school had between 60 and 90 pupils. The school has continued to invest in employing experienced and qualified teaching staff. The school successfully navigated the complexities of VAT registration as part of the evolving operational responsibilities. In addition, policies and procedures have been reviewed and, where necessary, updated to reflect latest regulations and advice.

The school continues to actively collaborate with other charitably run Christian schools in the region to share best practice, resources and opportunities for students to broaden their networks. The trustees are confident that safeguarding is prioritised across the school and continues to work closely with the local authority where appropriate for Safeguarding guidance and support. The school continued to operate from premises that are provided by a beneficiary on a low-cost basis. These premises are provided on a long-term lease which was renewed in academic year 24/25.

During the year and since the year end, Mirabel Osayi (October 2025) and Mandy Gilchrist (October 2025) were appointed as trustees and Bobby Agwu (December 2025) and Stuart Hook (July 2025) resigned from their roles as trustees. The trustees are hoping to appoint further trustees in the next year.

FINANCIAL REVIEW

Financial position

During the year ended 31 August 2025, the school received total income of £548,278, primarily from school fees, individual donations, fundraising events and gifts to the bursary fund. Expenditure totalled £481,281, resulting in a net income of £66,997k. The school received c.£160k in gifts and donations in the year, with a large one-off gift from a generous donor.

The Trust is ultimately sustained on the basis of charitable gifts, and the school has explicit support from a beneficiary and from parents which supports the going concern status.

This gives the Trustees confidence that the school can meet its financial obligations. We expect to receive further gifts in 2025/26 to support the operation of the school, and the Trustees aim to build a cash surplus over the next 3-5 years.

1

New Maranatha Christian School Trust

for the Year Ended 31 August 2025

Report of the Trustees

FINANCIAL REVIEW

Reserves policy

The school has a reserves policy which targets a reserves balance equivalent to 3 months of operational expenditure (c. £100,000). As at 31 August 2025, the school did not meet this target. The trustees accept that the reserves target is a goal and not yet reached but are aiming to achieve this policy in the next 3 to 5 years.

FUTURE PLANS

The Trust is aiming to meet the educational needs of more families and children in future years. The school continues to communicate with churches across Swindon and, through the website, reach parents across the UK to highlight the opportunities the school provides. The trust's short-term aim is to reach the capacity of the current premises with a vision to extend the model and provide Christian Education to more families and pupils. The Trust recognises the importance of investing in the teaching staff and will continue to prioritise their professional development, empowering them to deliver excellent education that meets the diverse needs of the student body.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust drawn up on on 10th May 2002.

Recruitment and appointment of new trustees

The trustees are appointed at general meetings of the charity.

Risk management

The trustees have assessed the major risks to which the school is exposed and, where appropriate, have implemented systems to manage those risks.

A risk register is maintained, reviewed and updated by the trustees.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number

1092273

Principal address

Queenlaines Farm Sevenhampton Wiltshire SN6 7SQ

Trustees

B Pike (Chair) B Agwu (resigned 1.12.25) Egas-Kitchener (appointed 1.9.24) S Hook (resigned 1.7.25) I Raine (appointed 1.9.24) M Osayi (appointed 1.10.25) M Gilchrist (appointed 1.10.25)

Independent Examiner

Chris Vaughan Accountants 195 Ermin Street Swindon Wiltshire SN3 4NA

Advisers

Bankers

The charity's bankers are Lloyds TSB PLC, 5 High Street, Swindon, Wiltshire.

2

New Maranatha Christian School Trust

Report of the Trustees

for the Year Ended 31 August 2025

Approved by order of the board of trustees on 8 January 2026 and signed on its behalf by:

ben pike (Feb 11, 2026 22:59:28 GMT)

B Pike - Trustee

3

Independent Examiner's Report to the Trustees of New Maranatha Christian School Trust

Independent examiner's report to the trustees of New Maranatha Christian School Trust

I report to the charity trustees on my examination of the accounts of New Maranatha Christian School Trust (the Trust) for the year ended 31 August 2025.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Christopher Vaughan

Chris Vaughan Accountants 195 Ermin Street Swindon Wiltshire SN3 4NA

8 January 2026

4

New Maranatha Christian School Trust

Statement of Financial Activities

for the Year Ended 31 August 2025

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
103,384
Charitable activities
5
Education
380,406
Other trading activities
3
1,114
Investment income
4
385
Other income
582
Total
485,871
EXPENDITURE ON
Charitable activities
6
Education
418,732
Other
28
Total
418,760
NET INCOME/(EXPENDITURE)
67,111
RECONCILIATION OF FUNDS
Total funds brought forward
(13,168)
TOTAL FUNDS CARRIED FORWARD
53,943
Restricted
funds
£
58,700
-
-
-
-
58,700
58,813
-
58,813
(113)
389
276
31.8.25
Total
funds
£
162,084
380,406
1,114
385
582
544,571
477,545
28
477,573
66,998
(12,779)
54,219
31.8.24
Total
funds
£
133,312
341,551
-
16
242
475,121
425,413
-
425,413
49,708
(62,487)
(12,779)

The notes form part of these financial statements

5

New Maranatha Christian School Trust

Balance Sheet

31 August 2025

Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
11
6,441
CURRENT ASSETS
Stocks
12
-
Debtors
13
27,547
Cash at bank
68,320
95,867
CREDITORS
Amounts falling due within one year
14
(48,365)
NET CURRENT ASSETS/(LIABILITIES)
47,502
TOTAL ASSETS LESS CURRENT
LIABILITIES
53,943
NET ASSETS/(LIABILITIES)
53,943
FUNDS
15
Unrestricted funds
Restricted funds
TOTAL FUNDS
Restricted
funds
£
276
-
-
-
-
-
-
276
276
31.8.25
Total
funds
£
6,717
-
27,547
68,320
95,867
(48,365)
47,502
54,219
54,219
53,943
276
54,219
31.8.24
Total
funds
£
6,325
2,500
23,818
3,514
29,832
(48,936)
(19,104)
(12,779)
(12,779)
(13,168)
389
(12,779)

The financial statements were approved by the Board of Trustees and authorised for issue on 8 January 2026 and were signed on its behalf by:

ben pike (Feb 11, 2026 22:59:28 GMT)

B Pike - Trustee

The notes form part of these financial statements

6

New Maranatha Christian School Trust

Cash Flow Statement

for the Year Ended 31 August 2025

31.8.25 31.8.24
Notes £ £
Cash flows from operating activities
Cash generated from operations 1 67,119 14,519
Interest paid (28) -
Net cash provided by operating activities 67,091 14,519
Cash flows from investing activities
Purchase of tangible fixed assets (2,670) -
Interest received 385 16
Net cash (used in)/provided by investing activities (2,285) 16
Cash flows from financing activities
Loan repayments in year - (15,000)
Net cash provided by/(used in) financing activities - (15,000)
Change in cash and cash equivalents in
the reporting period 64,806 (465)
Cash and cash equivalents at the
beginning of the reporting period 3,514 3,979
Cash and cash equivalents at the end of
the reporting period 68,320 3,514

The notes form part of these financial statements

7

New Maranatha Christian School Trust

Notes to the Cash Flow Statement for the Year Ended 31 August 2025

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income for the reporting period (as per the Statement of Financial
Activities)
Adjustments for:
Depreciation charges
Interest received
Interest paid
Decrease in stocks
Increase in debtors
Decrease in creditors
Net cash provided by operations
31.8.25
£
66,998
2,278
(385)
28
2,500
(3,729)
(571)
67,119
31.8.24
£
49,708
736
(16)
-
7,500
(17,315)
(26,094)
14,519

2.

ANALYSIS OF CHANGES IN NET FUNDS

At 1.9.24
Cash flow
At
£
£
Net cash
Cash at bank
3,514
64,806
3,514
64,806
Total
3,514
64,806
31.8.25
£
68,320
68,320
68,320

The notes form part of these financial statements

8

New Maranatha Christian School Trust

Notes to the Financial Statements

for the Year Ended 31 August 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 25% on reducing balance Motor vehicles - 25% on reducing balance School equipment - 25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

continued...

9

New Maranatha Christian School Trust

Notes to the Financial Statements - continued for the Year Ended 31 August 2025

2.
DONATIONS AND LEGACIES
Donations
3.
OTHER TRADING ACTIVITIES
Fundraising events
4.
INVESTMENT INCOME
Deposit account interest
5.
INCOME FROM CHARITABLE ACTIVITIES
Activity
School fees
Education
Swindon Borough Council
grant
Education
6.
CHARITABLE ACTIVITIES COSTS
Direct
Costs
£
Education
454,305
7.
SUPPORT COSTS
Management
£
Education
23,129
31.8.25
£
162,084
31.8.25
£
1,114
31.8.25
£
385
31.8.25
£
307,850
72,556
380,406
Support
costs (see
note 7)
£
23,240
Finance
£
111
31.8.24
£
133,312
31.8.24
£
-
31.8.24
£
16
31.8.24
£
295,991
45,560
341,551
Totals
£
477,545
Totals
£
23,240

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2025 nor for the year ended 31 August 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 August 2025 nor for the year ended 31 August 2024.

continued...

10

New Maranatha Christian School Trust

Notes to the Financial Statements - continued for the Year Ended 31 August 2025

9. STAFF COSTS

Wages and salaries
Other pension costs
The average monthly number of employees during the year was as follows:
Teaching
Administration
No employees received emoluments in excess of £60,000.
10.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
123,809
Charitable activities
Education
295,991
Investment income
16
Other income
242
Total
420,058
EXPENDITURE ON
Charitable activities
Education
366,860
NET INCOME/(EXPENDITURE)
53,198
RECONCILIATION OF FUNDS
Total funds brought forward
(66,366)
TOTAL FUNDS CARRIED FORWARD
(13,168)
31.8.25
£
359,301
17,341
376,642
31.8.25
11
3
14
Restricted
funds
£
9,503
45,560
-
-
55,063
58,553
(3,490)
3,879
389
31.8.24
£
320,729
-
320,729
31.8.24
11
3
14
Total
funds
£
133,312
341,551
16
242
475,121
425,413
49,708
(62,487)
(12,779)

continued...

11

New Maranatha Christian School Trust

Notes to the Financial Statements - continued for the Year Ended 31 August 2025

11. TANGIBLE FIXED ASSETS

11. TANGIBLE FIXED ASSETS
Fixtures
and Motor School
fittings vehicles equipment Totals
£ £ £ £
COST
At 1 September 2024 1,956 10,587 44,841 57,384
Additions 1,554 - 1,116 2,670
At 31 August 2025 3,510 10,587 45,957 60,054
DEPRECIATION
At 1 September 2024 1,946 10,281 38,832 51,059
Charge for year 398 88 1,792 2,278
At 31 August 2025 2,344 10,369 40,624 53,337
NET BOOK VALUE
At 31 August 2025 1,166 218 5,333 6,717
At 31 August 2024 10 306 6,009 6,325
12. STOCKS
31.8.25 31.8.24
£ £
Stocks - 2,500
13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.25 31.8.24
£ £
Trade debtors 13,026 10,838
Prepayments 14,521 12,980
27,547 23,818
14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.25 31.8.24
£ £
Trade creditors 30,524 34,624
Taxation and social security 17,001 -
Other creditors 840 14,312
48,365 48,936

continued...

12

New Maranatha Christian School Trust

Notes to the Financial Statements - continued for the Year Ended 31 August 2025

15. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
School Equipment
School Development Fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Bursary
School Equipment
School Development Fund
Assistant Teacher
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Bursary
School Equipment
School Development Fund
TOTAL FUNDS
At 1.9.24
£
(13,168)
301
88
389
(12,779)
Incoming
resources
£
485,871
57,900
-
-
800
58,700
544,571
At 1.9.23
£
(66,366)
3,360
401
118
3,879
(62,487)
Net
movement
At
in funds
31.8.25
£
£
67,111
53,943
(83)
218
(30)
58
(113)
276
66,998
54,219
Resources
Movement
expended
in funds
£
£
(418,760)
67,111
(57,900)
-
(83)
(83)
(30)
(30)
(800)
-
(58,813)
(113)
(477,573)
66,998
Net
movement
At
in funds
31.8.24
£
£
53,198
(13,168)
(3,360)
-
(100)
301
(30)
88
(3,490)
389
49,708
(12,779)

continued...

13

New Maranatha Christian School Trust

Notes to the Financial Statements - continued for the Year Ended 31 August 2025

15. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Bursary
School Equipment
School Uniform Fund
Early Years Development
School Development Fund
Assistant Teacher
Utilities
TOTAL FUNDS
Incoming
resources
£
420,058
5,325
-
72
45,806
-
1,200
2,660
55,063
475,121
Resources
Movemen
expended
in funds
£
£
(366,860)
53,198
(8,685)
(3,360
(100)
(100
(72)
-
(45,806)
-
(30)
(30
(1,200)
-
(2,660)
-
(58,553)
(3,490
(425,413)
49,708
Resources
Movemen
expended
in funds
£
£
(366,860)
53,198
(8,685)
(3,360
(100)
(100
(72)
-
(45,806)
-
(30)
(30
(1,200)
-
(2,660)
-
(58,553)
(3,490
(425,413)
49,708
(3,490
49,708

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.9.23 in funds 31.8.25
£ £ £
Unrestricted funds
General fund (66,366) 120,309 53,943
Restricted funds
Bursary 3,360 (3,360) -
School Equipment 401 (183) 218
School Development Fund 118 (60) 58
3,879 (3,603) 276
TOTAL FUNDS (62,487) 116,706 54,219

continued...

14

New Maranatha Christian School Trust

Notes to the Financial Statements - continued for the Year Ended 31 August 2025

15. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming
resources
£
Unrestricted funds
General fund
905,929
Restricted funds
Bursary
63,225
School Equipment
-
School Uniform Fund
72
Early Years Development
45,806
School Development Fund
-
Assistant Teacher
2,000
Utilities
2,660
113,763
TOTAL FUNDS
1,019,692
Resources
Movement
expended
in funds
£
£
(785,620)
120,309
(66,585)
(3,360)
(183)
(183)
(72)
-
(45,806)
-
(60)
(60)
(2,000)
-
(2,660)
-
(117,366)
(3,603)
(902,986)
116,706

16. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 August 2025.

17. RESTRICTED FUNDS

The charity's restricted funds have the following purposes -

Provision for assistance with school fees for disadvantaged students.

Contributions towards the cost of utility charges.

15

New Maranatha Christian School Trust

Detailed Statement of Financial Activities
for the Year Ended 31 August 2025
31.8.25 31.8.24
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 162,084 133,312
Other trading activities
Fundraising events 1,114 -
Investment income
Deposit account interest 385 16
Charitable activities
School fees 307,850 295,991
Swindon Borough Council grant 72,556 45,560
380,406 341,551
Other income
Miscellaneous income 582 242
Total incoming resources 544,571 475,121
EXPENDITURE
Charitable activities
Wages 359,301 320,729
Pensions 17,341 -
Accommodation costs 37,071 31,804
Insurance 8,276 7,797
Advertising 2,129 -
Sundries 10,984 16,679
Curriculum 13,518 19,801
Motor expenses 1,118 419
School trips 3,356 5,397
Consultancy fees 1,568 8,634
Bad debts (357) -
454,305 411,260
Other
Bank interest 28 -
Support costs
Management
Office expenses 14,873 9,418
Accountancy 3,027 3,896
Legal and professional fees 2,951 -
Depreciation of tangible and heritage assets 2,278 736
23,129 14,050

This page does not form part of the statutory financial statements

16

New Maranatha Christian School Trust

Detailed Statement of Financial Activities for the Year Ended 31 August 2025

Detailed Statement of Financial Activities
for the Year Ended 31 August 2025
31.8.25 31.8.24
£ £
Management
Finance
Bank charges 111 103
Total resources expended 477,573 425,413
Net income 66,998 49,708

This page does not form part of the statutory financial statements

17

MARANATHA-Charities report - 24.3-CHA-MAS TER-20260108

Final Audit Report

2026-02-11

Created: 2026-02-11 By: Angela Anderson (angie@aaaccountancyservices.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAPAWBAdTn8Tm5KNHZRkQE3-GU8kpQ9Daq

"MARANATHA-Charities report - 24.3-CHA-MASTER-20260108 " History

2026-02-11 - 12:16:20 GMT- IP address: 82.14.196.87

Document emailed to ben.pike@maranathaschool.org for signature

2026-02-11 - 12:16:24 GMT

Document emailed to Christopher Vaughan (candevaughan@gmail.com) for signature

2026-02-11 - 12:16:24 GMT

2026-02-11 - 12:16:30 GMT- IP address: 66.249.93.67

Signature Date: 2026-02-11 - 13:51:08 GMT - Time Source: server- IP address: 2.216.111.169

2026-02-11 - 22:57:32 GMT- IP address: 81.159.147.35

2026-02-11 - 22:59:26 GMT- IP address: 81.159.147.35

Document e-signed by ben pike (ben.pike@maranathaschool.org)

Signature Date: 2026-02-11 - 22:59:28 GMT - Time Source: server- IP address: 81.159.147.35

Agreement completed.

2026-02-11 - 22:59:28 GMT