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2024-12-31-accounts

Community Report 2024

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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 COMMUNITY OVERVIEW

Maranatha is a community of over 700 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 online communications.

The Trust rents one property - 102 Irlam Road, Flixton, Manchester, which houses the Maranatha Office and the "Taste and See” Christian Bookshop & Coffee Shop. Responsibility for the various aspects of our community life is carried out almost entirely by members at their own expense. All of the office holders in the Community: Co-Leaders; Trustees, Local Group Leaders, Bookshop Staff etc. are volunteers and don’t receive any payment for the work they do. They are supported by a full-time paid Office & Finance Manager who is responsible for all the administration of the community and oversees the work of the volunteers who run the shop.

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, gatherings etc.).

One of the trustees uses one of the offices above the shop as an admin office for their Kumon franchise, 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.

In 2024 we also held a weekend National Gathering in Manchester in January, a day gathering in Birmingham in June, and a weekend focussing on Healing at The Briery Retreat Centre in Ilkley in October.

Healing Ministry is an integral part of the life of the Community, and the Maranatha Healing Team continued to meet 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.

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).

PLANS FOR THE FUTURE

In January 2025 we again held a weekend gathering in Manchester, open to all members of the community, and we are planning on having more weekend and day gatherings this year. 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.

One challenge facing us is that the building housing our office and the Taste & See Bookshop is being sold by our landlords and we are most likely going to have to move premises in 2025.

COMMUNITY FINANCE

In 2024 our expenditure slightly exceeded our income by £1,742 and at the end of 2024 a cash balance of £51,448 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:-

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.

March 2025.

The MARANATHA COMMUNITY TRUST Registered Charity No 327627

FINANCIAL STATEMENTS

for the YEAR ENDED 31[st] DECEMBER 2024

The word Maranatha is a prayer meaning

Come Lord Jesus

THE MARANATHA COMMUNITY TRUST

Registered Charity 327627

INFORMATION for the YEAR ENDED 31 DECEMBER 2024

Trustees during the year: Michael Kendrick (Chairman) Julie Parker (Secretary) Kevin McKenna Clive Richardson (resigned March 2024) Andrew McDade (resigned March 2024) Karen MacIntyre (appointed April 2024) Richard Morris (appointed April 2024)

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, PO Box 12892, Dunmow, Essex, CM6 9DL

Independent Examiner: Peter Boardman, Accountancy and Business Support (UK) Ltd 108 Whitworth Road, Rochdale, Lancs., OL12 6DQ

2

INDEPENDENT EXAMINER’S REPORT to the TRUSTEES of

The MARANATHA COMMUNITY TRUST

Registered Charity No 327627

I report on the accounts of the Trust for the year ended 31[st] December 2024 set out on pages 4 to 9 which have been prepared under the accounting policies set out on page 6.

Respective responsibilities of Trustees and Independent 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

Signed: Signed: Sl Name: Name: Ve TER Date: Date: =f]

Address: Address: Accountancy and Business Support (UK) Ltd Accountancy and Business Support (UK) Ltd 108 Whitworth Road 108 Whitworth Road Rochdale Rochdale OL12 6DQ OL12 6DQ

3

MARANATHA COMMUNITY TRUST

Statement of Financial Activities for the Year Ended 31 December 2024

Note
Incoming Resources
Voluntary Income
Gift Aid Claims
Legacy Income
Spiritual Gatherings
2
Sales and Community Activities
3
Office used by Kumon
4
Bank Interest Received
Local Groups
Other Income
5
Total Incoming Resources
Resources Expended
Costs of generating Funds
6
Costs of Spiritual Gatherings
2
Costs of Sales and Community Activities
3
Charitable Activities
7,8
Governance
6
Total Resources Expended
Net Incoming Resources for the Year
Balances brought forward
Balances carried forward		 Unrestricted
Funds
£
31,325
5,576
-
12,980
13,442
2,400
1,538
-
780
68,041
-
9,838
8,282
51,313
350
69,783
- 1,742
56,216
54,474		 Designated
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Restricted
Funds
Note 8
£
50
-
-
-
-
-
-
-
-
50
-
-
-
50
-
50
-
-
-		 Total 2024
£
31,375
5,576
-
12,980
13,442
2,400
1,538
-
780
68,091
-
9,838
8,282
51,363
350
-
69,833
- 1,742
56,216
54,474		 Total 2023
43,936
6,865
-
11,413
13,249
2,400
1,310
-
3,626
82,799
-
6,704
8,780
57,939
250
73,673
9,126
47,090
56,216

4

MARANATHA COMMUNITY TRUST BALANCE SHEET as at 31 December 2024

----- Start of picture text -----
Notes 2024 2023
£ £
CURRENT ASSETS
Debtors 9 2,091 1,582
Stocks 11 3,784 4,101
Cash at Bank and in hand 51,448 51,780
57,323 57,463
less Creditors 10 2,849 1,247
NET ASSETS 54,474 56,216
----- End of picture text -----

----- Start of picture text -----
FUNDS
Restricted - -
- -
Designated Funds
Unrestricted 54,474 56,216
TOTAL FUNDS 54,474 56,216
----- End of picture text -----

Accounts Accounts prepared by Charles Parker, Maranatha Office Manager prepared by Charles Parker, Maranatha Office Manager

Charles Charles Parker Parker

Approved Approved by the Trustees and Signed on their behalf by theLA. Signed on their behalf Michael Michael Kendrick Kendrick

Independent Independent examination carried out by examination carried out by

Peter Peter Boardman Boardman Accountancy Accountancy and Business Support (UK) Ltd and Business Support (UK) Ltd

5

MARANATHA COMMUNITY TRUST

Notes to the Statement of Financial Activities

for the Year Ended 31 December 2024

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 12. 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 employs one staff member - Charles Parker, 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 paid staff member, Charles Parker, and she 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 2024 continued

2
Spiritual Gatherings
Weekends & Retreats
Meetings
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 (see also note 11)
Taste and See Coffee Shop		 2024
12,840
140
12,980
9,738
100
9,838
10,010
3,432
13,442
6,694
1,589
8,283		 2023
8,825
2,588
11,413
4,596
2,108
6,704
9,778
3,471
13,249
7,008
1,772
8,780

4 Office used by Kumon

From November 2020 the upstairs front office at 102 Irlam Road has been licenced to Kumon Chorlton for them to use for administration only (not teaching) for which they pay Maranatha £200 per month.

5 Other Income

During the year a Maranatha Member, who is the CEO of another charity, hired a desk-space in the Maranatha Office. Total income from this was £780 including final payment paid in 2025 (see debtors).

6 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 (£350) is £300 for the Independent Examination of these accounts (see note 10) and £50 for the previous year where only £250 had been budgeted.

7
Charitable Expenditure
Salary, Tax, NI & Pensions
Volunteers
Rent of 'Taste and See' bookshop and offices
Postage
Printing and Stationery, etc.
Telephone and Internet
Travel
Rates
Office Utilities
Insurance
Misc Equipment
Repairs
Sundries
Subscriptions
IT & Website development and maintenance
Support for other Ministries
Bank and Card Receipt processing charges		 2024
29,741
226
6,900
3,341
346
2,142
31
155
3,308
1,072
294
1,285
199
722
541
-
1,010
51,313		 2023
28,776
145
6,900
2,991
448
2,151
90
159
2,044
2,352
80
1,717
103
791
502
-
1,036
50,284

7

Notes to the Statement of Financial Activities for the Year Ended 31 December 2024 continued

8
Restricted Funds
Ark
Malawi / Uganda
Specified Income & Expenditure		 Balance
31 Dec 2023
Income
-
-
-
-
-
50
-
50		 Transfers &
Expenditure
-
-
50
50		 Balance
31 Dec 2024
-
-
-
-

In December a Maranatha member made a payment, by card, that included £50 which was actually for another charity that another member was raising money for, hense this £50 in and out.

9
Debtors
Deposit for Llandudno weekend in 2025
Owed by HMRC for Gift Aid
10
Creditors
Receipts in advance for January 2025 weekend
Gas bill for December paid in January 2025
Tax and NI for December paid in January 2025
Independent Examination of these accounts		 2024
200
1,771
1,971
2024
1,725
352
472
300
2,849

11 Stock Valuation (bookshop stock)

Stocks are valued at the lower of Costs or Net Realisable Value. Stock value = £3,784

12 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 2 Operating Leases:

8