Manalive Report and Accounts Year ended 31 December 2024
Manalive LEGAL & ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2024 ADDRESS FOR CORRESPONDENCE 483 Green Lanes. London, N13 4BS GOVERNING DOCUMENT Declaration of Trust made on 15 November 2003 and amended by a Supplemental Deed on 19 Sep 2004. CHARITY REGISTRATION NUMBER 1106302 TRUSTEES RESPONSIBLE FOR MANAGING THE CHARITY R Sfvester G Mazzi J Morgan F Perazzini S Brasca INDEPENDENT EXAMINER Nick Spear ACCA Stewardship 1 Lamb's Passage LONDON EC1Y 8AB INDEX Page 1 Pages 2-3 Page 4 Page 5 Page 6 Pages 7-8 Legal & Administrative Details Trustees. Report Independent Examine¢s Report Receipts and Payments Account ststement of Assets & Liabilities Notes to the Accounts Page 1
Manalive REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 Objects of the charity The charity is govemed by a trust deed and is constituted as a trust. The chariws principal objects, as set out in its governing document. are- a) The advancement of the Christian faith b) The relief of povety in accordance with the Christian concept of charty Summary of the charity's main activities and achievements To further the above objects and vision. the chariws main activities and achievements were as follows.. Two weekend retreats= the first taking part live (via video link) in the Spiritual Exercises of the Fraternity of Communion and Liberation preached by Bishop Giovanni Paccosi, and the second using recordings of the same content to allow more people to attend. Both events included time for silent reflection, prayer and discussion, and daity Mass. Two multi-day residential retreat/holidays in the summer to give an opportunity to experience life in the Christian community without the 'complications' of work, studies etc, and with a clear structure of communal prayer throughout the day. A half day public meeting to mark the start of the academic year. A'way of the Cross" liturgical procession around the City of London on Good Friday. Half-day retreats for Lent and Advent in London and in Scotland including preached reflections, silent mediation and liturgy. Several faith-sharing assemblies throughout the year. A Christmas carol service in December In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission. Financial review During the year income increased by £85.380. to £157,125, while expenditure increased by £27,860, to £133,191. As a result the cash held by the charty increased by £23,934, to £78,824, all of which is unrestricted and can be used for any charitable purpose. 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 of unrestricted cash to cover 3-6 months, expense is considered appropriate by the trustees so that the charity could continue to operate should income and l or expenditure vary adversely. At the year end, the charity held unrestricted cash of £78,824 and the charity is complying with its reserves policy. Page 2
Governance Responsibility for setting policy and for making operating decisions rest with the trustees who meet regularly to monitor the activities of the charity. Responsibility for the day to day operation of the charity has been delegated to a senior management team led by Stefano Brasca. New trustees are recruited and appointed by the existing trustees. Responsibilities of trustees Charity law requires us as Trustees to prepare financial statements for each accounting year which record the receipts and payments of the charity for the year. We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011. We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities. Approval This report was approved by the trustees and signed on their behalf by: R Sylvester Sep 13, 2025 Date.. Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF Manalive I report to the trustees on my examination of the accounts of Manalive {'the charity,) for the year ended 31 December 2024 on pages 5 to 8 following. Responsibilities and basis of report As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act,). I report in respect of my examination of the charity's accounts carrred out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5}(b) of the 2011 Act. Independent examiner's statement 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 accordan with section 130 of the 2011 Act., or 2. the accounts do not accord with the accounting records. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Nick Spear Isep 18. J25 iS.-41.-51 GMT*ll Nick Spear ACCA Stewardship 1 Lamb's Passage LONDON EC1Y 8AB Date.. Sep 18, 2025 Page 4
Manalive RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 unrestri Funds General Designated Fund5 Funds Restn'cted Funds 2024 2023 Notes Incorne reCpt5 Don3tions Residential Events Other Events Sale of Books & Fosters 55.1CKJ 95.683 55 100 95.683 5.460 882 157,125 15.267 52.376 3.243 860 71,745 882 157,125 Total receipts 157.125 157.125 Payments Payments in ratIC to charitable activities undertaken directly 133,191 133,191 105,331 133.191 133,191 105,331 Totalpayments 133.191 133 191 105331 Net of ieceipts I Ipayrnentsl before tiansfers 23.934 23,934 33,585 Transfers between funds Net movement in funds 23.934 23 934 33.585 Cash funds 85 at last year end 54.890 54 890 88.475 Cash funds at this yèar end 78 824 78.824 54 890 The notes on pages 7- 8 forrn part ofthese ar)unts. Page 5
Manalive STATEMENT OF ASss AND LIABILITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Unrestricted Funds General DesvJnated funds funds Restricted funds 2024 2023 Notes A Cash funds Cash at bank wrth immediate access other Gash wrth bank Petty cash 78,038 707 79 78,824 78,038 707 79 78,824 54,860 30 54,890 B Oth•r monatary ass•ts Prepayments 16.124 16,124 16.124 16,124 24.855 24,855 C Liabilits•s Falllng due wlthln one year Credit Card Fee for Independent Examination 814 930 1,744 814 930 1,744 697 1.152 1,849 Total 1,744 1,744 1.849 D Ass•ts rètainèd for eharity's own us• Fund to which asset Current value belongs Books & CDS Music and PA equipment General Funds General Funds 200 300 500 Current values have been estirnate(I by the truslees. E Investment assets None held in 2024 or 2023 The accounts were approved by the twstees and signed on their behalfby.. R Sylvester Sep 13, 202: Date.. The notes on pages 7- 8 form part of these accounts. Page 6
Manalive NOTES TO THE ACC¢YJMTS FOR THE YEAR ENlD 31 DECEMBER 2024 1 Accountlng pollcles The accaunls have prepared on a receipts and pawnents basis a1 CpI15e a statement Ihat Sh <kniiYs rpts and payTnenls. a statement Ihat SLYnmanses the charivs assets arKI Wablths a1 related notes. The aCcrKY wOfessn have deletmined that arly accounts prepared In accordance wth applble accounbng SndardS present a'trtse fairf wiew d. as these recepts pwents accounts have land caThmll be prepared In accordan 1th accounting standards, these do Th)t present are not inteTh to We51) and farf vtt¥olthe ctrontys fmanual acte5 stale ofaffBirs. In the previous year. the chatity wesered aCcOts prep¥1 the ba%s the cha[1 SORP. As the <attys income is le55 £250,000, rt ha5 taken advanla9e of the option to prepare ts accounts a rpts a1 payrrrrtS basis a1 the resLdts re)rtl klous have been restated.. futher Infotmation Is given vi note 7 beknw. Genpral funds are unresknded fund5 sthith avarfabk for Use at (trsEYEtsn of bu5tees in IwthEran of the general oLiectives vf the charity. Designalpd ds coTnprise unresknth8d fund5 that have been Sel ade by the tru51ee5for pariar PLTP05e5. ReStted fund5 arp donations are lo be used in a(Kordance ith specthG re5tt1Gtn5 inw5ed bydLv". itK*Ae reNeI[0[ appe&&f 5peofK athibe5 or woiects. Desvjnated Re5tricled FutvJ5 Total 2023 2024 2 PayThents in relation to charitable actNities undertaken direclty Residen1K events Olher evems AdminiStrave Services Storage Costs Web & s81 Med Instyan¢e Bank Fees Independent exaMatlI Poster Printing Purchase of Book5 Olher costs 112.242 10.734 2.723 3.528 1,065 1,202 112.242 10.734 2.723 3.528 75.795 19.091 3.200 3.264 1.030 1.943 134 1.202 134 1.152 287 287 163 124 133 191 124 133 191 105.331 3 Transactlons wlth rÈlatÈd partles The ttrty ¢k)e5 TK>t have empbw a1 Trustees (k> mt charge for tvne. Tlw are reintXf5ed drect expenses inCued on beha of the chanty. 4 Movvmentof funds OpeTM baL4r C105ing balance Receipts PayTnents Transfers Gen&ral futvJ5 157.125 13J.191 78.824 Designated funds Re$lri¢tedf¥ TOW funds 54.8 157 125 133.191 78.824 Page 7
Manalive NOTES TO THE ACC¢YJMTS FOR THE YEAR ENlD 31 DECEMBER 2024 S Rgconciliation wth pTrviou51y reported fund5 As expL3iMd in nolp 1 'AGcounbng Po¥es', in the prev1x tthrity wpparwj rf5 U5wvJ wuaLs ba$". in the pTrtrt year Ihe tharity ha5 tske advantage of option to prepare its aC(vlS on a recep payTneTrts ba5. TtrE p)Mpe5 preseTrted these awounts have been rfrslaled ung the receipts aj paentS ba5 ar¥J a recotviliatwjn ith the reserves atvj re5tS rep preioufL41DW5." RecOnCla1 ofrnseyves 2023 2022 PreviDusty reported reserves. at 31 December Adjustments arising fram Use ofrec&pts and pants baS.. EX3 of previously illded fixed asset5 ofpre¥iousty Inde debtors of previously illded editlS Re-StAied reserves. a131 December 79.7(YJ 99.091 125.9161 1.849 110.4621 1.263 B8.475 Recontr7iattort oftysults 2023 Previou reported res$ Adjusthenls arising from Use of recapts and paents basis.. Preu5Capita1sed expenditure. ss depre£latn. ExdLhled movements In debtors resurj n recOgriti Dfmore I ISSI IOme ExclLKled movement5 In creditor5 [eSL9 in the recogtmbon of S I (morel eXP1e Re-stated rets 119.3831 115.4551 585 33.585 Page 8