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2021-12-31-accounts

Community Report 2021

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 Trust rents one property - 102 Irlam Road, Flixton, Manchester, which houses the Maranatha Office and the "Taste and See” Christian Bookshop & Coffee Shop. The Trust employs one full-time member of staff - the Office Manager, who is responsible for all the administration of the community and who oversees the work of the volunteers who run the shop.

One of the trustees uses one of the offices above the shop as an admin office for their Kumon business, on a licence, which provides an additional income stream for the Community (see note 4 in the accounts).

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 scattered community of members is supported from the office with regular letters from the Leadership Team, and by the opportunity to join a regular online gathering on the evening of the First Sunday of every month using Zoom or YouTube which people can (and do) join from all over the world. In addition to this Local Groups in the UK continue to connect members together in their areas both by in-person and online gatherings.

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 grant from the local authority and the one-off gift from the Scottish charity called "The Maranatha Charitable Trust" (see note 6 in the accounts) income slightly exceeded expenditure this year. See attached accounts. We anticipate a small deficit in 2022 and are grateful for the one-off unrestricted gift of £100,000 (+Gift Aid) received in 2013 which continues to part-fund our operations. At the end of 2021 a balance of £51,362 was carried forward.

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:-

Because in the past we received a one-off unrestricted gift of £100,000, if the cash reserves do not exceed £100,000 then the total will be retained to fund the ongoing work of the Community.

June 2022.

The MARANATHA COMMUNITY TRUST Registered Charity No 327627

FINANCIAL STATEMENTS

for the YEAR ENDED 31[st] DECEMBER 2021

The word Maranatha is a prayer meaning

Come Lord Jesus

THE MARANATHA COMMUNITY TRUST

Registered Charity 327627

INFORMATION for the YEAR ENDED 31 DECEMBER 2021

Trustees during the year: Michael Kendrick (Chairman) Julie Parker (Secretary) Clive Richardson Kevin McKenna Andrew McDade

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

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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 2021 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

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

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.

Alan Ramsey FCA 21 Eastway Flixton Manchester M41 8SG

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MARANATHA COMMUNITY TRUST

Statement of Financial Activities for the Year Ended 31 December 2021

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
Local Authority Grant
5
Bank Interest Received
Local Groups
Other Income
6
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
£
34,772
6,259
1,500
105
10,779
2,400
-
2,667
5
-
5,000
63,487
-
300
9,231
54,443
250
64,224
- 736
52,099
51,363		 Designated
Funds
Note 10
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Restricted
Funds
Note 9
£
3,744
82
-
-
-
-
-
-
-
-
-
3,826
-
-
-
3,826
-
3,826
-
-
-		 Total 2021
£
38,516
6,341
1,500
105
10,779
2,400
-
2,667
5
-
5,000
67,313
-
300
9,231
58,269
250
-
68,050
- 737
52,099
51,362		 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

4

MARANATHA COMMUNITY TRUST BALANCE SHEET as at 31 December 2021

Notes 2021 2020 £ £ CURRENT ASSETS Debtors 1,225 1,900 Stocks 3,811 6,528 Cash at Bank and in hand 47,502 44,954 52,538 53,382 less Creditors 1,176 1,283 NET ASSETS 51,362 52,099 FUNDS Restricted 9 - - Designated Funds 10 - - Unrestricted 51,362 52,099 TOTAL FUNDS 51,362 52,099

Approved by the Trustees and Signed on their behalf

Michael Kendrick

Independent examination carried out by Mr Alan Ramsey FCA

Alan Ramsey

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MARANATHA COMMUNITY TRUST

Notes to the Statement of Financial Activities

for the Year Ended 31 December 2021

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

The Maranatha Community Trust employed one full-time staff member during the year - The Office Manager. In these accounts National Insurance, Income Tax and Pension contributions 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.

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MARANATHA COMMUNITY TRUST

Notes to the Statement of Financial Activities

for the Year Ended 31 December 2021 continued

2
Spiritual Gatherings
Weekends & Retreats - None held this year
Meetings
Costs of Spiritual Gatherings
Weekends & Retreats - Cancellation charge
Meetings
3
Sales and Community Activities
Bookshop
Taste and See Coffee Shop
Costs of Sales and Community Activities
Bookshop (see also note 12)
Taste and See Coffee Shop		 2021
-
105
105
300
-
300
9,457
1,322
10,779
8,929
301
9,231		 2020
-
-
-
-
-
-
7,726
880
8,606
7,668
498
8,165

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 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. There was a similar 'lockdown' in early 2021 resulting in a grant to Taste and See of £2,667.

6 Other Income

There was a Scottish charity called "The Maranatha Charitable Trust" (SC002873) totally independent of The Maranatha Community. Over the years they have made small donations to us. In 2021 the trustees of the Scottish charity decided to wind it up and distribute the capital among other charities, and they gave us £5,000.

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.

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Charitable Expenditure
Salary, Tax, NI & Pensions
Volunteers
Rent of 'Taste and See' bookshop and offices
Postage
Printing and Stationery, etc.
Telephone and Internet
Travel		 2021
28,753
129
6,900
3,932
1,234
3,130
-		 2020
58,732
150
6,900
4,080
2,277
3,035
61

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Notes to the Statement of Financial Activities

for the Year Ended 31 December 2021 continued

Rates
Office Utilities
Insurance
Misc Equipment
Repairs
Sundries
Subscriptions
IT & Website development and maintenance
Support for other Ministries
Bank and Card Receipt processing charges		 2021
121
2,460
2,221
2,200
989
295
60
985
-
1,034
54,443		 2020
54
2,507
2,942
321
1,298
229
-
1,042
-
896
84,524
estricted Funds
Ark
Malawi / Uganda
Other donations
esignated Funds
None		 Balance
31 Dec 2020
Income
-
412
-
3,414
-
-
-
3,826
Balance
31 Dec 2020
Income
-
-
-
-		 Transfers &
Expenditure
412
3,414
-
3,826
Transfers &
Expenditure
-
-		 Balance
31 Dec 2021
-
-
-
-
Balance
31 Dec 2021
-
-

9 Restricted Funds

10 Designated 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 3 Operating Leases:

12 Stock Valuation (bookshop stock)

Stocks are valued at the lower of Costs or Net Realisable Value.

During this year the stock was revalued, and this is reflected in the balance sheet and the Cost of Sales figure which is correspondingly increased to the value shown in Note 3 above.

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