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2020-12-31-accounts

Community Report 2020

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Maranatha Community

102 Irlam Road, Flixton, Manchester M41 6JT Tel: 0161 748 4858 Fax: 0161 747 7379 Email: info@maranathacommunity.org.uk www.maranathacommunity.org.uk

Registered Charity No: 327627

MARANATHA

Maranatha is a community of over 750 individual Christians scattered throughout the United Kingdom, the Republic of Ireland and overseas, including several European countries, the United States of America, and several countries in Africa. The Life of the Community is rooted in prayer and a commitment by members to pray and work for UNITY, RENEWAL and HEALING within their local church, community and nation. We are many people from different churches and denominations, but we are one family, united in our love for Christ and for each other.

COMMUNITY ADMINISTRATION

The Community is led by three Co-Leaders: Linda Stalley, Juan Fernandez-Arias & John Manwell, who meet regularly during the year (usually weekly), overseen by a board of Trustees. The Co-Leaders discern God’s will for our Community and set policy. They communicate with the members of Maranatha through personal correspondence, Gatherings (both in-person and online), Newsletters, Videos on our website and via our online communications platform ‘maranathacommunity.one’.

Responsibility for the various aspects of our community life is carried out almost entirely by members at their own expense. None of the office holders in the Community: Co-Leaders; Trustees, Local Group Leaders etc., receive any financial payment for the work they do. They are supported by a fulltime paid Office & Finance Manager based in the offices above the Taste & See Christian Bookshop in Flixton, Manchester.

THE RESPONSIBILITIES OF THE TRUSTEES

The Trust, in consultation with the Leadership Team, actively ensures that the objectives of the charity and the charity’s mission are pursued in accordance with good stewardship, due diligence and all relevant legal requirements. The Trustees share joint responsibility for the finances of the Community, overseeing the work of the Office Manager who manages all the finances on behalf of the Trust. Detailed financial reports are reviewed on a quarterly basis and the annual budget is set at the beginning of each year. In addition, the Trustees ensure that all funds not immediately required are invested properly in accordance with their investment powers.

The Trustees have a rolling agenda which covers such diverse matters as identifying any need for additional resources, maintenance of property, review of leases, staffing issues, reviewing technology and monitoring the various activities which are undertaken by the Community (bookshop, publishing, retreats etc.).

STAFF AND PREMISES

The global viral pandemic, Covid-19, which hit the UK in March 2020, caused the government to ask people to work from home, which the Office Manager did, and forced non-essential retail shops to close. This included the Taste & See Christian Bookshop. We were grateful to receive a grant from the local authority which was given to all small shops that were forced to close, and the two part-time office staff members were placed ‘on furlough’, for which claims for a percentage of their wages were made via the Government Job Retention Scheme.

Independently of this, because of reducing income and workload, the trustees reluctantly made the two part-time office staff members redundant (one in March and one in December) leaving just the full-time Office Manager employed at the end of the year.

During the year one of the trustees took on a Kumon Franchise and was looking for office space and staff. With the reduction in Maranatha staff the trustees agreed to licence the front office at 102 Irlam Road to Kumon I&C for their use as an admin office, providing a new income stream for the Community (see note 4 in the accounts) and Kumon I&C then employed the Maranatha staff member who was made redundant in December.

COMMUNITY ACTIVITIES IN THE YEAR

Maranatha provides resources to churches and individuals to enable them to grow in faith in Jesus, and to model the ‘Maranatha DNA' which is to be ‘little brothers and sisters of Jesus and each other’ promoting Unity, Renewal and Healing within and between their local churches, communities and in the nation.

The Community makes available many publications including teaching notes on Christian doctrine and practice, prayer resources and a variety of audio and video productions giving teaching and testimony. Most of our publications are available for free download on our website ‘www.maranathacommunity.org.uk’ through which printed copies can also be ordered.

Maranatha runs the Taste & See Christian Bookshop, staffed by volunteers from the Community. This serves the people of south Manchester with Christian Books, Cards, Gifts and Maranatha publications. Through mail-order (post, email, telephone and online) we supply books and our own publications world-wide.

The Covid-19 pandemic, and subsequent government restrictions on social interaction, caused us to cancel all in-person gatherings for most of the year. Several one-off online gatherings were held, using Zoom and YouTube, following which a regular online gathering on the evening of the First Sunday of every month was instigated (using Zoom relayed to YouTube) which continues. As at the end of the year this remains the principle gathering of the community, and it has the advantage that people can (and do) join from all over the world.

Our Prayer Cells continued to pray on a weekly basis. Members of Maranatha send in prayer requests to the office through the week and a list of prayer requests is sent to each Prayer Cell Leader on Monday evening (by email) or Tuesday (by post).

Healing Ministry is an integral part of the life of the Community, and the Maranatha Healing Team continued to meet online to pray and discern for those in need. We are committed to praying for the healing of individuals, irrespective of religion, nationality or tradition. The Community is a member of Christian Healing UK, an informal affiliation of Christian healing ministries.

PLANS FOR THE FUTURE

The Community Leaders discern that The Lord has been preparing and positioning His people across the earth for a new season, ripe with new opportunities to increase His Kingdom. He is detaching us from our old and familiar structures and ways, readying us to hear His new call; aligning us to be propelled by the wind of His Holy Spirit and sending us where He wills. Our call remains for us to be catalysts for Christian Unity, Renewal and Healing, and we continue to support our local groups and the Taste & See Bookshop.

COMMUNITY FINANCE

Thanks to the grants and legacies we received in 2020, income slightly exceeded expenditure this year. With the redundancies made (see above) we anticipate there only being a small deficit in 2021. At the end of 2020 a balance of £52,099 was carried forward. See attached accounts.

RESERVES POLICY

Reserves are that part of The Maranatha Community Trust's unrestricted-income funds that are freely available to spend.

The Maranatha Community Trust aims to keep the following levels of reserves:Two month’s operating deficit Additional three month’s staff costs + redundancy costs The possible cost to pay off all leases before termination dates. Total = £28,000.

Because in 2013 the Trust received a one-off unrestricted gift of £100,000 (+Gift Aid) in addition to regular income, which was for the general running costs of the community, if the cash reserves do not exceed £100,000 then the total will be retained to fund the ongoing work of the Community.

May 2021

The MARANATHA COMMUNITY TRUST Registered Charity No 327627

FINANCIAL STATEMENTS

for the YEAR ENDED 31[st] DECEMBER 2020

The word Maranatha is a prayer meaning

Come Lord Jesus

THE MARANATHA COMMUNITY TRUST

Registered Charity 327627

INFORMATION for the YEAR ENDED 31 DECEMBER 2020

Trustees during the year: Michael Kendrick (Chairman) Clive Richardson Kevin McKenna Lynda Greaves (resigned March 2020) Andrew McDade (from March 2020) Julie Parker (from March 2020)

Community Co-Leaders: Linda Stalley Juan-Carlos Fernandez-Arias John Manwell

Office & Finance Manager: Charles Parker

Address: Maranatha Community, 102 Irlam Road, Flixton, Manchester, M41 6JT.

Constitution: The Charity is constituted by a Deed of Trust dated 23 November 1987, varied by a Deed of Variation dated 11 May 1988.

Objects: The Object of the Charity is to promote the Christian religion in the United Kingdom of Great Britain and Northern Ireland and overseas. Bankers: Charities Aid Foundation, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent, ME19 4JQ The Royal Bank of Scotland plc Drummond House, 1 Redheughs Avenue, Edinburgh, EH12 9JN CCLA Investment Management Ltd, Senator House, 85 Queen Victoria Street, London, EC4V 4ET

Independent Examiner: Mr Alan Ramsey FCA, 21 Eastway, Flixton, Manchester, M41 8SG

2

INDEPENDENT EXAMINER’S REPORT to the TRUSTEES of

The MARANATHA COMMUNITY TRUST

Registered Charity No 327627

I have pleasure in reporting on the Accounts of the Trust for the year ended 31[st] December 2020 set out on pages 4 to 8 which have been prepared under the accounting policies set out on page 6.

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 needed.

It is my responsibility to:

Basis of Independent 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 the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the accounts.

Independent Examiner’s Statement Independent Examiner’s Statement

In the course of my examination, no matter has come to my attention: In the course of my examination, no matter has come to my attention:

have not been met, or have not been met, or

(2) (2) to which, in my opinion, attention should be drawn in order to enable a proper to which, in my opinion, attention should be drawn in order to enable a proper understanding of the Accounts to be reached. understanding of the Accounts to be reached.

Alan Ramsey FCA Alan Ramsey FCA 21 Eastway 21 Eastway Flixton Flixton Manchester M41 8SG Manchester M41 8SG

3

MARANATHA COMMUNITY TRUST

Statement of Financial Activities for the Year Ended 31 December 2020

Note
Incoming Resources
Voluntary Income
Gift Aid Claims
Legacy Income
Spiritual Gatherings
2
Sales and Community Activities
3
Office used by Kumon
4
Gov. Job Retention Scheme
5
Local Authority Grant
6
Bank Interest Received
Local Groups
Other Income
Total Incoming Resources
Resources Expended
Costs of generating Funds
7
Costs of Spiritual Gatherings
2
Costs of Sales and Community Activities
3
Charitable Activities
8,9
Governance
7
Total Resources Expended
Net Incoming Resources for the Year
Balances brought forward
Balances carried forward		 Unrestricted
Funds
£
46,393
7,369
15,500
-
8,606
400
5,899
10,000
59
-
670
94,896
-
-
8,165
84,524
250
92,939
1,957
50,142
52,099		 Designated
Funds
Note 10
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Restricted
Funds
Note 9
£
770
144
-
-
-
-
-
-
-
-
-
914
-
-
-
974
-
974
- 60
60
-		 Total 2020
£
47,163
7,513
15,500
-
8,606
400
5,899
10,000
59
-
670
95,810
-
-
8,165
85,498
250
-
93,913
1,897
50,202
52,099		 Total 2019
40,288
6,856
-
315
17,571
-
-
-
321
-
5
65,356
-
169
11,187
82,726
250
94,332
- 28,976
79,178
50,202

4

MARANATHA COMMUNITY TRUST BALANCE SHEET

as at 31 December 2020

----- Start of picture text -----
Notes 2020 2019
£ £
CURRENT ASSETS
Debtors 1,900 3,972
Stocks 6,528 9,919
Cash at Bank and in hand 44,954 41,482
53,382 55,373
less Creditors 1,283 5,171
NET ASSETS 52,099 50,202
FUNDS
Restricted 9 - 60
Designated Funds 10 - -
Unrestricted 52,099 50,142
TOTAL FUNDS 52,099 50,202
----- End of picture text -----

TOTAL FUNDS

Approved Approved by the Trustees and Signed on their behalf by the Trustees and Signed on their behalf

Michael Michael Kendrick Kendrick

Independent examination carried out by Mr Alan Ramsey FCA Independent examination carried out by Mr Alan Ramsey FCA

Alan Ramsey Alan Ramsey

5

MARANATHA COMMUNITY TRUST

Notes to the Statement of Financial Activities

for the Year Ended 31 December 2020

1.1 Basis of preparation

These Accounts are prepared on the historic cost basis and in conformity with the Financial Reporting Standards for Smaller Entities (FRSSE) 2015, having been produced taking into account the guidelines in the Statement of Recommended Practice (SORP) for the FRSSE 2015. They have been prepared on an accruals basis which means that Receipts and Payments have been adjusted for prepayments and accruals, debtors and creditors at year-end. This is consistent with previous years.

1.2 Fund accounting

General funds are unrestricted funds which have not been allocated or designated for any other purpose, and which are therefore available for use at the discretion of the Charity in furtherance of any of its work.

Designated funds comprise unrestricted funds that have been set aside for particular purposes. They would otherwise form part of General Funds.

Restricted funds are funds which are to be used in accordance with the specific restrictions imposed at the time of the gift, and include Gift Aid Tax recoverable where appropriate.

1.3 Incoming Resources

These are recorded in the Statement of Financial Activities (the SoFA) when Maranatha becomes entitled to the resources and the monetary value can be measured with sufficient reliability.

1.4 Resources Expended

Expenditure is recognised when liabilities are incurred or constructive obligations arise which result in the payment being unavoidable. It is Maranatha’s practice to ensure that all invoices are paid by their due date.

1.5 Liability Recognition

Liabilities are recognised as soon as there is a legal or constructive obligation committing the Charity to pay out resources, except that equipment leases with regular (monthly or quarterly) ongoing payments are not included in Creditors but noted in Note 11. No future income or expenditure is anticipated in the accounts.

1.6 VAT

Maranatha is not registered for VAT nor is it able to recover VAT suffered on expenditure which it makes.

1.7 Website Development

Expenditure on Website Development is written off as incurred.

1.8 Tangible Fixed Assets

Expenditure on tangible fixed assets which cost less than £2,000 are written off as incurred. There are presently no tangible fixed assets held with an individual value of over £2,000.

1.9 Staff and Volunteers

One full-time and two part-time staff members were employed during the year. Both part-time staff members were placed "on Furlough" under the Government Job Retention Scheme for part of the year, due to the Covid-19 pandemic. Independently of this, because of reducing income and workload, the trustees reluctantly made the two part-time staff redundant (one in March and one in December) and the cost of their redundancy payments is included in the expenditure for this year. In these accounts National Insurance and tax have been included along with the salary costs.

Maranatha also benefits from the work carried out by volunteers in a range of practical ways. No financial value has been ascribed in these accounts to this support, but most grateful thanks are expressed to all.

1.10 Trustees

None of the Trustees received any remuneration from the charity. One trustee, Mrs Julie Parker, is married to the one full-time staff member, Charles Parker, and is also the franchisee of Kumon Irlam and Chorlton (see note 4). No other trustee received any benefit from the Charity, or any connected organisation, as a result of their office during the year, nor the previous year. No Trustees claimed any expenses during the year, nor the previous year.

6

MARANATHA COMMUNITY TRUST

Notes to the Statement of Financial Activities for the Year Ended 31 December 2020 continued

2
Spiritual Gatherings
Weekends & Retreats
None held
Meetings
None held
Costs of Spiritual Gatherings
Weekends & Retreats
Meetings
3
Sales and Community Activities
Bookshop
Taste and See Coffee Shop
Costs of Sales and Community Activities
Bookshop
Taste and See Coffee Shop		 2020
-
-
-
-
-
-
7,726
880
8,606
7,667
498
8,165		 2019
132
183
315
-
169
169
15,233
2,338
17,571
10,202
985
11,187

4 Office used by Kumon

From November 2020 the upstairs front office at 102 Irlam Road has been licenced to Kumon Irlam and Chorlton, for them to use for administration only. This generates an income of £200 per month.

5 Government Job Retention Scheme

During 2020 government restrictions in response to the Covid-19 pandemic forced non-essential retail retail shops to close. This included Taste and See. Two members of staff were placed "on furlough" and claims for a percentage of their wages were made via the Government Job Retention Scheme.

6 Local Authority Grant

During 2020 government restrictions in response to the Covid-19 pandemic forced non-essential retail retail shops to close. This included Taste and See. To compensate for this the local authority automatically gave a £10,000 grant to all retail properties affected by these restrictions.

7 Costs of Generating Funds and Governance

Maranatha does very little active fundraising but relies on the regular generosity of its members. Tasks of Governance are carried out by the Trustees and other volunteers at no expense to the Community. The cost of Governance (£250) is the charge for the Independent Examination of these accounts.

8
Charitable Expenditure
Wages, NI and Redundancy Payments (see note 1.9)
Volunteers
Rent of 'Taste and See' bookshop and offices
Postage
Printing and Stationery, etc.
Telephone and Internet
Travel
Rates
Office Utilities
Insurance		 2020
58,732
150
6,900
4,080
2,277
3,035
61
54
2,507
2,942		 2019
52,151
482
6,900
3,650
1,985
2,941
1,512
543
2,711
3,043

7

Notes to the Statement of Financial Activities

for the Year Ended 31 December 2020 continued

Misc Equipment
Repairs
Sundries
Subscriptions
IT & Website development and maintenance
Support for other Ministries
Bank and Card Receipt processing charges
Balance
31 Dec 2019
9
Restricted Funds
Ark
60
Malawi / Uganda
-
Young Peoples Fund
-
60
Balance
31 Dec 2019
10
Designated Funds
Funds held by local groups
-
-		 Misc Equipment
Repairs
Sundries
Subscriptions
IT & Website development and maintenance
Support for other Ministries
Bank and Card Receipt processing charges
Balance
31 Dec 2019
9
Restricted Funds
Ark
60
Malawi / Uganda
-
Young Peoples Fund
-
60
Balance
31 Dec 2019
10
Designated Funds
Funds held by local groups
-
-		 2020
321
1,297
230
-
1,042
-
896
84,524
Income
914
-
-
914
Income
-
-		 Transfers &
Expenditure
974
-
-
974
Transfers &
Expenditure
-
-		 2019
275
1,333
288
96
950
1,500
808
81,167
Balance
31 Dec 2020
60
-
-		 -
-
-
60 -
Balance
31 Dec 2019		 Balance
31 Dec 2020
- -
- -

All bank accounts previously operated by local groups were closed in 2019 and funds transferred into CAF Bank account (general funds).

11 Lease Commitments

The Trust has one property lease for the offices in 102 Irlam Road. This lease is open ended and may be terminated with three month's notice at any time (as per amendment to the lease dated 30.06.20). The total cost of the property lease each year is £6,900.

Maranatha also has 4 Operating Leases:

8