MANALIVE REGISTERED CHARITY NUMBER: 1106302 ## **TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 FOR MANALIVE** 1 MANALIVE REGISTERED CHARITY NUMBER: 1106302 CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 **TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2022** ..........................................................3 **TRUSTEES RESPONSIBILITY STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2022** .........................8 **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MANALIVE** ..............................................9 **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022** .........................10 **BALANCE SHEET AT 31 DECEMBER 2022** ............................................................................................11 **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022** ......................12 **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022** ........14 **ANALYSIS OF SUPPORT & GOVERNANCE COSTS FOR THE YEAR ENDED 31 DECEMBER 2022** ...........16 2 MANALIVE REGISTERED CHARITY NUMBER: 1106302 ## TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** - A. The advancement of Christianity in accordance with the experience of the Catholic Church; and - B. The relief of poverty in accordance with the Christian concept of charity by such means as the Trustees shall decide from time to time. In order to achieve these objectives the charity has powers, without limitation, to raise funds; organise retreats, pilgrimages and other moments of worship; hold public cultural events and meetings; organise works of charity as a means of testifying to the Christian experience; sell books and magazines and other literary material; make donations to individuals to enable them to attend retreats and similar events; organise other social events to witness to the Christian experience; carry out occasional trading activity to raise funds solely to be used for the objects of the charity. The benefits of the charity are open to everyone although in practice most people attending meetings etc organised by the charity are Christians or people thinking of becoming Christians. The benefit which arises from all the activities organised - whether retreats, public presentations, sale of books - is the help given to participants to become more fully aware of the presence and love of God in their lives. This in turn motivates and supports beneficiaries in opening their lives in love to other people - to their families, friends, work colleagues and strangers. In this way the charity benefits not just the beneficiaries individually but society as a whole. The main activity undertaken by the charity in 2022 was organising the following events: - A weekend retreat involving live satellite connection to listen to talks given by Fr Giuseppe Mauro Lepori to the Fraternity of Communion and Liberation. - Two week-long retreat/holidays in the summer. - A half day public meeting to mark the start of the academic year. - A "Way of the Cross" procession around the City of London on Good Friday. ## **Public benefit** The Charity is a public benefit entity. The Trustees believe that no detriment or harm arises to anyone from carrying out the charity's aims. While there are many people who do not share Christian, or any, religious belief, the Trustees believe that teaching Christ's love for mankind opens people to accept and embrace everyone irrespective of their belief and is therefore a source of harmony and benefit in society. The Trustees confirm they have had due regard to the guidance on public benefit issued by the Charity Commission in deciding what activities the charity should undertake. 3 MANALIVE REGISTERED CHARITY NUMBER: 1106302 ## **Volunteers** Organising our events would be impossible without the support of a number of volunteers throughout the year. ## **ACHIEVEMENT AND PERFORMANCE** ## **Charitable activities** The schedule of large in-person events was finally able to return to normal after being curtailed due to the pandemic. The public “Beginning Day” meeting was held in October in Central London, and a one-day retreats for the Lent and Advent seasons were held in March and November. Two residential weekend retreats were held in April and May. Two residential holiday-retreats were held in the summer. ## **FINANCIAL REVIEW** ## **Principal funding sources** The charity is funded by passing on the cost of retreats and other events (in person or online) to the participants and by donations. Income for the year was £ 88,409 and expenditure was £ 94,184 giving a deficit in the year of £ 5,776. The charity does not have any employees and the Trustees do not charge for their time. They are only reimbursed direct expenses incurred on behalf of the charity. Since October 2017 the charity has been supported in the organisation of its activities by an external consultant supplying administrative services for approximately 40 hours a month. The charity does not own any real estate, it is not involved in any investment activity and does not hold any financial investment. ## **Reserves policy** The Charity maintains a reserve because it tends to pay for venues before receiving full payments from event participants. Based on timing and size of the cash flow for our events a reserve to cover 3-6 months’ expense is considered appropriate by the trustees. There are no material uncertainties about the charity’s ability to continue as a going concern. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** Declaration of Trust made on 15 November 2003 and amended by a Supplemental Deed on 19 September 2004. ## **Recruitment and appointment of new trustees** 4 MANALIVE REGISTERED CHARITY NUMBER: 1106302 Recruitment and appointment of new trustees is by the existing trustees. In order to achieve its objects the charity works closely with the Catholic ecclesial movement Communion and Liberation, in particular helping to organise public events. All the trustees adhere to this movement. The day-to-day activities of Manalive are carried out by an Executive Committee which is overseen by the Board of Trustees. ## **Executive Committee** The Executive Committee consists of three people and has power delegated to it to act on behalf of the Trustees in running the Charity and in particular to approve any expenditure necessary for carrying out the aims of the Charity. The members of the Executive Committee in 2022 were Roger Sylvester, Francesco Perazzini and Stefano Brasca. 5 MANALIVE REGISTERED CHARITY NUMBER: 1106302 ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Registered Charity number** 1106302 ## **Principal address** Pembroke Lodge, 3 Pembroke Rd, Ruislip HA4 8NQ **Trustees** (as of the reporting date or who served within the reporting period) R Sylvester G Mazzi J Morgan F Perazzini S Brasca All significant financial, strategic etc decisions are taken by the Trustees. ## **Independent examiner** Glyn Woon-Sam MAAT Crown Accountants Pembroke Lodge, 3 Pembroke Rd, Ruislip HA4 8NQ ## **Bankers** Barclays Bank 81 Fleet St, London EC4Y 1ELA Approved by order of the board of trustees on 21-Oct-2023 and signed on its behalf by: R Sylvester – Trustee 6 MANALIVE REGISTERED CHARITY NUMBER: 1106302 ## TRUSTEES RESPONSIBILITY STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2022 The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charity SORP; - make judgements and estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. 7 MANALIVE REGISTERED CHARITY NUMBER: 1106302 ## INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MANALIVE I report on the accounts for the year ended 31 December 2022 set out on the following pages. ## **Respective responsibilities of trustees and examiner** The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required. It is my responsibility to: - examine the accounts under Section 145 of the 2011 Act - to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and - to state whether particular matters have come to my attention. ## **Basis of the independent examiner's report** My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view ' and the report is limited to those matters set out in the statements below. ## **Independent examiner's statement** In connection with my examination, no matter has come to my attention: (1) which gives me reasonable cause to believe that, in any material respect, the requirements - to keep accounting records in accordance with Section 130 of the 2011 Act; and - to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Glyn Woon-Sam MAAT Crown Accountants Pembroke Lodge, 3 Pembroke Rd, Ruislip HA4 8NQ 12-Sep-2023 8 MANALIVE REGISTERED CHARITY NUMBER: 1106302 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022 9 MANALIVE REGISTERED CHARITY NUMBER: 1106302 ## BALANCE SHEET AT 31 DECEMBER 2022 The financial statements were approved by the Board of Trustees on 21 Oct 2023 and were signed on its behalf by: R Sylvester –Trustee 10 MANALIVE REGISTERED CHARITY NUMBER: 1106302 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity have been prepared in accordance with the Charities SORP (FRS 102) that applies the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). 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. Computer and audio-visual equipment - 33% on cost ## **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. 11 MANALIVE REGISTERED CHARITY NUMBER: 1106302 ## 2. **OTHER TRADING ACTIVITIES** ## **3. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021. ## 4. **FIXED ASSETS** ## **5. STOCKS** Stock consists of books and CDs held for sale at the events organised during the year. ## **6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** The year-end Debtors figure largely represents deposits paid to venues for events taking place in 2023, and which were expensed during 2023 as the events took place. 12 MANALIVE REGISTERED CHARITY NUMBER: 1106302 ## **7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** ## **8. MOVEMENT IN FUNDS** ## **9. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 December 2022. 13 MANALIVE REGISTERED CHARITY NUMBER: 1106302 ## DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022 14 MANALIVE REGISTERED CHARITY NUMBER.. 1106302 EXPENDITURE Charitsble attivities Retreat- other Holiday retreats Pilgrimages Events- other Cost of books sold Poster printing London Encounterc05t5 Postage costs Totsl 23,088 49.315 3.543 9,007 1,724 4,345 30 207 208 40 85.203 20 6.326 Donation Prior Period Expenses Totsl 264 264 Support Costs Management Insurance Storage costs Administratpie Service5 Web and social media cost5 Computer software costs Depreciation Total 796 2,972 2.508 955 851 2,751 1.292 1.127 814 8,045 154 6,176 Finance Bank charges Governance costs Accountancy and legalfees 134 117 538 452 Totsl resour￿$ expended 94,184 13.072 Net incomel(expenditure) -5,776 6,017 15 MANALIVE REGISTERED CHARITY NUMBER: 1106302 ANALYSIS OF SUPPORT & GOVERNANCE COSTS FOR THE YEAR ENDED 31 DECEMBER 2022 To ensure that the accounts present the costs of activities fairly, the following principles are applied: - Direct costs attributable to a single activity are allocated directly to that activity - Shared governance costs which contribute directly to more than one activity are apportioned between those activities - Support costs which are not attributable to a single activity are also apportioned between the activities being supported. Support and Governance Costs are apportioned to the major categories of event (Retreat Other, Holiday Retreats, Other Events) in approximate proportion to the actual cost of running each event. 16