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2022-03-31-accounts

MUSIC & WORSHIP FOUNDATION CIO

Registered Charity 1175280

REPORT AND ACCOUNTS

for the period from

1 April 2021 to 31 March 2022

Prepared on Accruals Basis - SORP 2015 (FRS 102) format

Page 1 of 11

Music & Worship Foundation CIO - 1175280 Balance Sheet detailed

Fixed assets
400001: MacBook 3.0 GHz
400002: MacBook Air 1.3 GHz
400003: Apple Hard Drive
400004: Acer Hard Drive
400005: Bose S1 Pro P/A Unit
400006: SE V7 Microphones (pair)
400007: Allen & Heath ZED 6 Mixer
Current assets
500300: Co-op Bank Current Account
501000: Gift-Aid Recoverable
502000: Charity Vouchers Lodged
502100: Items for Banking
504000: Card Reader Sales Payments
A
it d
504001: Bank Transfers Awaited
505000: Expenses Pre-Paid
Z05: Accounts Receivable
Liabilities
601111: Payments due to Staff
602000: Charge Card Transactions Made
608000: National Insurance due from
Employees
608011: NEST Payments due from
Employees
608100: National Insurance due from MWF
CIO
608111: NEST Payments due from MWF
CIO
608200: Income Tax Due
608500: Student Loan Repayments Due
Z04: Accounts Payable
Reserves
Excess / (deficit) to date
Starting balances
As at
31/03/2022
£0.00
£0.00
£0.00
£27.32
£204.15
£54.69
£32.81
£318.97
£64,309.16
£238.25
£0.00
£0.00
£0.00
£0.00
£0.00
£1,178.46
£65,725.87
£0.00
£379.98
£0.00
£0.00
£0.00
£0.00
£0.00
£0.00
£137.62
£517.60
£65,527.24
-£16,872.14
£82,399.38
£65,527.24
As at
31/03/2021
£0.00
£0.00
£0.00
£42.95
£320.82
£85.94
£51.56
£501.27
£80,821.44
£312.50
£0.00
£0.00
£0.00
£0.00
£418.56
£360.00
£81,912.50
£0.00
£14.39
£0.00
£0.00
£0.00
£0.00
£0.00
£0.00
£0.00
£14.39
£82,399.38
-£15,603.91
£47,439.18
£31,835.27
Represented by Funds:-
Unrestricted
£51,527.24
Designated
£14,000.00
Restricted
£0.00
Endowment
£0.00
Total
£65,527.24
£45,349.38
£37,050.00
£0.00
£0.00
£82,399.38

Page 2 of 11

Music & Worship Foundation CIO - 1175280 Analysis of income and expenditure Selected period: 01 April 2021 to 31 March 2022

----- Start of picture text -----
Totals Notes
Unrestricted Designated Restricted This year Last year VAR %
Income and endowments
Donations and legacies
110000 - Donations Gift-Aided £10,850.00 £0.00 £1,284.00 £12,134.00 £14,555.50 -£2,421.50 -16.64%
110004 - Donations non-Gift-Aided £7,359.37 £0.00 £551.00 £7,910.37 £13,718.62 -£5,808.25 -42.34%
110008 - Gifts from Churches £360.00 £0.00 £0.00 £360.00 £990.00 -£630.00 -63.64%
Donations and legacies Totals £18,569.37 £0.00 £1,835.00 £20,404.37 £29,264.12 -£8,859.75 -30.28%
Income from charitable activities
120104 - Sales of Engage DVD £0.00 £0.00 £0.00 £0.00 £84.00 -£84.00 -100.00%
120108 - Hartman Rhyming Bible CD £63.07 £0.00 £0.00 £63.07 £78.64 -£15.57 -19.80%
120112 - Hartman Rhyming Bible Book £198.53 £0.00 £0.00 £198.53 £162.36 £36.17 22.28%
120116 - Video Training Course USB Stick £96.00 £0.00 £0.00 £96.00 £168.00 -£72.00 -42.86%
120120 - Sales of Creative Journal £26.00 £0.00 £0.00 £26.00 £0.00 £26.00 N/A
120122 - "Worship in the Woods" Service Pack £4,430.00 £0.00 £0.00 £4,430.00 £262.00 1 £4,168.00 1590.84%
120124 - "Thy Kingdom Come" Sales £85.00 £0.00 £0.00 £85.00 £975.00 -£890.00 -91.28%
120128 - Sales of "How Would Jesus Lead
Worship?" £1,346.60 £0.00 £0.00 £1,346.60 £1,033.00 £313.60 30.36%
120132 - "Whole Life Worship" Book Sales £351.30 £0.00 £0.00 £351.30 £158.00 £193.30 122.34%
120136 - "Whole Life Worship" Journey Pack £280.00 £0.00 £0.00 £280.00 £190.00 £90.00 47.37%
120140 - Sales of WLW Study Guides £0.00 £0.00 £0.00 £0.00 £176.00 -£176.00 -100.00%
120144 - Sales of "Simple Worship" £538.20 £0.00 £0.00 £538.20 £420.00 £118.20 28.14%
120146 - Worship in Waiting (Church) Sales £1,908.33 £0.00 £0.00 £1,908.33 £4,766.80 -£2,858.47 -59.97%
120148 - "Outdoor Worship" Book Sales £1,003.20 £0.00 £0.00 £1,003.20 £986.00 £17.20 1.74%
120150 - Worship in Waiting (Personal) Sales £943.07 £0.00 £0.00 £943.07 £4,813.00 -£3,869.93 -80.41%
120152 - "Wilderness" Service Packs £1,536.07 £0.00 £0.00 £1,536.07 £4,177.25 -£2,641.18 -63.23%
120156 - "Wilderness" Personal Journals £1,264.83 £0.00 £0.00 £1,264.83 £4,596.05 -£3,331.22 -72.48%
120158 - Jesus & Emotions Sales £3,121.50 £0.00 £0.00 £3,121.50 £19,638.00 -£16,516.50 -84.10%
120160 - Harvest Worship Book Sales £1,230.00 £0.00 £0.00 £1,230.00 £1,014.93 £215.07 21.19%
120162 - Resurrection People Church Pack £1,874.67 £0.00 £432.00 £2,306.67 £0.00 £2,306.67 N/A
120164 - Sales of Worship Colouring Book £119.00 £0.00 £0.00 £119.00 £100.00 £19.00 19.00%
120166 - Resurrction People Personal Devotions £939.33 £0.00 £180.00 £1,119.33 £0.00 £1,119.33 N/A
120168 - Sales of "Together With God" £13.98 £0.00 £0.00 £13.98 £27.96 -£13.98 -50.00%
120172 - Outside Premium Content sold £788.68 £0.00 £0.00 £788.68 £687.65 £101.03 14.69%
120176 - Sales, Other £7.02 £0.00 £0.00 £7.02 £3.00 £4.02 134.00%
120180 - Dispatch Charges on Online Sales £1,531.50 £0.00 £0.00 £1,531.50 £2,694.50 -£1,163.00 -43.16%
120200 - Licenses Downloaded £1,366.00 £0.00 £0.00 £1,366.00 £4,049.00 -£2,683.00 -66.26%
120204 - Journal Page Downloads £0.00 £0.00 £0.00 £0.00 £150.00 -£150.00 -100.00%
120208 - "Thy Kingdom Come" Downloads £0.00 £0.00 £0.00 £0.00 £60.00 -£60.00 -100.00%
120212 - Video & Music Downloads £209.00 £0.00 £0.00 £209.00 £735.00 -£526.00 -71.56%
120250 - Licensed Sales non-UK £982.00 £0.00 £0.00 £982.00 £0.00 £982.00 N/A
120300 - Royalties Income £61.94 £0.00 £0.00 £61.94 £162.29 -£100.35 -61.83%
120304 - Engage Fees Received £5,524.65 £0.00 £0.00 £5,524.65 £1,250.00 2 £4,274.65 341.97%
120308 - Bookings Income, Special Events £240.00 £0.00 £0.00 £240.00 £1,621.00 -£1,381.00 -85.19%
Income from charitable activities
Totals £32,079.47 £0.00 £612.00 £32,691.47 £55,239.43 -£22,547.96 -40.82%
Investments
130000 - Bank Interest £0.02 £0.00 £0.00 £0.02 £0.00 £0.02 N/A
Investments Totals £0.02 £0.00 £0.00 £0.02 £0.00 £0.02 N/A
Other income
140000 - Gift-Aid Tax Recovered £2,702.50 £0.00 £321.00 £3,023.50 £3,555.13 -£531.63 -14.95%
140004 - Grants received £0.00 £0.00 £0.00 £0.00 £25,050.00 3 -£25,050.00 -100.00%
140008 - Professional Fees Received £2,390.00 £0.00 £0.00 £2,390.00 £6,535.00 4 -£4,145.00 -63.43%
140012 - Other Income £0.00 £0.00 £0.00 £0.00 £102.60 -£102.60 -100.00%
Other income Totals £5,092.50 £0.00 £321.00 £5,413.50 £35,242.73 -£29,829.23 -84.64%
Income and endowments
Grand totals £55,741.36 £0.00 £2,768.00 £58,509.36 £119,746.28 -£61,236.92 -51.14%
----- End of picture text -----

Expenditure

Page 3 of 11

Expenditure on charitable activities
300000 - Consultancy & Other Fees
300004 - Musicians' & Team Fees
300008 - Recording & Production Costs
300012 - Royalties Paid
300016 - Travel Expenses (Events)
300020 - Production of Owned
Publications
300024 - Dispatch Costs of Goods Sold
300026 - Realisation Contribution
300028 - Child Protection Costs
300036 - Copyright Fees
300040 - Event Resources Bought
300044 - Catering Costs
300048 - Publicity
300052 - Website & Online Costs
300054 - Team Communications Costs
300056 - Venue Hire
300060 - Hire of Resources
300064 - Event Accommodation
Expenditure on charitable
activities Totals
Other expenditure
310100 - Accountancy Costs
310104 - Accounts Examiner's Fees
310108 - Travel Expenses (Admin)
310112 - Office Printing & Stationery
310116 - Office Postage & Telephone
310120 - Office Resources Bought
310124 - Equipment & Software Bought
310200 - PayPal charges
310204 - Card Reader Charges
310208 - Bank Charges
310300 - Freelance Fees
310304 - Albania Support Payments
310400 - Staff Training
310404 - Net Salaries
310408 - Nat Ins Employees
310412 - NEST Deductions Employees
310416 - Nat Ins MWF CIO
310420 - NEST Deductions MWF CIO
310424 - Income Tax
310428 - Student Loan Deductions
310500 - Purchase of Outside Premium Content
310504 - Public Liability Insurance
310508 - Miscellaneous Expenditure
310512 - Stock Bought
310516 - Third Party Sales Commission
310520 - Depreciation
Other expenditure Totals
Expenditure Grand totals
Net Position
£108.00
£0.00
£0.00
£108.00
£108.00
£0.00
0.00%
£0.00
£0.00
£0.00
£0.00
£0.00
£0.00
N/A
£0.00
£0.00
£0.00
£0.00
£0.00
£0.00
N/A
£0.00
£0.00
£0.00
£0.00
£2,560.00
-£2,560.00
-100.00%
£850.95
£0.00
£0.00
£850.95
£0.00
£850.95
N/A
£6,213.60
£0.00
£0.00
£6,213.60
£13,738.46
5
-£7,524.86
-54.77%
£1,944.85
£0.00
£0.00
£1,944.85
£2,576.64
-£631.79
-24.52%
£1,535.82
£0.00
£0.00
£1,535.82
£1,919.56
-£383.74
-19.99%
£338.00
£0.00
£0.00
£338.00
£129.00
£209.00
162.02%
£0.00
£0.00
£0.00
£0.00
£0.00
£0.00
N/A
£23.30
£0.00
£0.00
£23.30
£0.00
£23.30
N/A
£315.47
£0.00
£0.00
£315.47
£0.00
£315.47
N/A
£113.78
£0.00
£0.00
£113.78
£0.00
£113.78
N/A
£744.59
£0.00
£0.00
£744.59
£253.57
£491.02
193.64%
£105.35
£0.00
£0.00
£105.35
£0.00
£105.35
N/A
£0.00
£0.00
£0.00
£0.00
£0.00
£0.00
N/A
£192.00
£0.00
£0.00
£192.00
£0.00
£192.00
N/A
£280.00
£0.00
£0.00
£280.00
£0.00
£280.00
N/A
£12,765.71
£0.00
£0.00
£12,765.71
£21,285.33
-£8,519.62
-40.03%
£168.00
£0.00
£0.00
£168.00
£156.00
£12.00
7.69%
£60.00
£0.00
£0.00
£60.00
£60.00
£0.00
0.00%
£907.23
£0.00
£0.00
£907.23
£0.00
6
£907.23
N/A
£17.84
£0.00
£0.00
£17.84
£145.65
-£127.81
-87.75%
£294.48
£0.00
£0.00
£294.48
£427.21
-£132.73
-31.07%
£0.00
£0.00
£0.00
£0.00
£122.89
-£122.89
-100.00%
£861.79
£0.00
£0.00
£861.79
£358.02
£503.77
140.71%
£869.51
£0.00
£0.00
£869.51
£1,363.43
-£493.92
-36.23%
£47.28
£0.00
£0.00
£47.28
£0.67
£46.61 6956.72%
£26.00
£0.00
£0.00
£26.00
£6.20
£19.80
319.35%
£975.00
£0.00
£0.00
£975.00
£1,625.00
-£650.00
-40.00%
£2,061.38
£0.00
£0.00
£2,061.38
£3,597.34
7
-£1,535.96
-42.70%
£180.00
£0.00
£0.00
£180.00
£0.00
£180.00
N/A
£47,627.53
£0.00
£0.00
£47,627.53
£31,600.87
£16,026.66
50.72%
£2,275.32
£0.00
£0.00
£2,275.32
£2,125.68
£149.64
7.04%
£1,468.75
£0.00
£0.00
£1,468.75
£1,199.80
£268.95
22.42%
£0.00
£0.00
£0.00
£0.00
£0.00
£0.00
N/A
£881.25
£0.00
£0.00
£881.25
£719.88
£161.37
22.42%
£2,594.40
£0.00
£0.00
£2,594.40
£2,505.80
£88.60
3.54%
£600.00
£0.00
£0.00
£600.00
£586.00
£14.00
2.39%
£0.00
£0.00
£0.00
£0.00
£0.00
£0.00
N/A
£418.56
£0.00
£0.00
£418.56
£418.56
£0.00
0.00%
£5.55
£0.00
£0.00
£5.55
£0.00
£5.55
N/A
£93.62
£0.00
£0.00
£93.62
£695.54
5
-£601.92
-86.54%
£0.00
£0.00
£0.00
£0.00
£0.00
£0.00
N/A
£182.30
£0.00
£0.00
£182.30
£182.30
8
£0.00
0.00%
£62,615.79
£62,615.79
£47,896.84
£14,718.95
30.73%
£75,381.50
£0.00
£0.00
£75,381.50
£69,182.17
£6,199.33
8.96%
-£19,640.14
£0.00
£2,768.00
-£16,872.14
£50,564.11
-£67,436.25
-133.37%

Page 4 of 11

Music & Worship Foundation CIO

Registered Charity Number: 1175280

Trustees' Report for the Year Ended 31 March 2022

Principal Office: 8A Horley Close, Bexleyheath, Kent DA6 7HS

Legal Structure: Charitable Incorporated Organisation

Governing Document: Constitution of Music & Worship Foundation CIO (incorporated 20 October 2017)

Trustees:- Damian Herbert, Hannah Hodges, Ron Jones, Sylvia Kalisch, Andrew Mitchell, Mwidimi Ndosi, Rev. Eileen Osgood, Roger Peach. See "Structure" below.

Chairman of Trustees: Roger Peach Secretary to Trustees: Andrew Mitchell Treasurer: Ron Jones

OBJECTIVES

The objectives of the CIO ("MWF") are:-

1 The advancement of the Christian religion through music, media and other art forms;

2 To advance the education of the public in Christian worship and music.

STRUCTURE

The aims of the CIO are advanced through the operations of MWF’s ministry Engage Worship. MWF employs Sam and Sara Hargreaves to lead this work, under the supervision of the Trustees. It also employs Gemma and Timo Scharnowski as team members. The Trustees meet on average four times per year, and because of the Covid-19 pandemic three of the meetings were by video-call. They also keep in contact with each other, and with the team, by email.

Two new Trustees were appointed during the year: Mwidimi Ndosi on 14 October 2021, and Hannah Hodges on 24 February 2022.

WORK AND ACTIVITIES OF THE CIO

These have included:-

Earlier in the year (April 2021) we also published Worship In The Woods. This provides ten sessions of outdoor worship, which was very timely given the amount of churches who needed to meet outdoors during the second year of the pandemic. This was launched with two well-attended Zoom workshops

Page 5 of 11

We continued to add much-needed live worship videos that people could use in their services (including All-Age and Eco Worship themes, a Ukraine lament/prayer song and a Christmas Blessing song). Gemma created printable sheets for Easter and Pentecost.

Feedback has included: “ As a church warden of a small church without a minister your resources have been a God-send. They are thought-provoking, and inspiring, and our gatherings are enriched by them. We thank God for all you do.” and “I regularly use Engage Worship resources and get great feedback from the congregation/gathering. I'd highly recommend it .“

In the ways stated above MWF CIO serves the public benefit. Our resources are downloaded and purchased in their thousands, and hundreds of people have attended seminars, workshops and services run by Engage Worship. These are primarily churches and church-goers, but our material is also benefiting schools, family groups and youth settings.

SOURCES OF FUNDING

Apart from the sale of resources as detailed above, the CIO's income comes from donations from individuals and churches and from the charges made for visits by our employees.

POLICIES

Public Benefit: this is served by the activities described above. The Trustees take into account the Charity Commission's guidance on Public Benefit in all relevant decisions.

Reserves: the Trustees' policy is that if the level of reserves should fall below £10,000 immediate consideration would be given to reducing costs in whatever way possible, including curtailing the employees' hours of work. Part of the Reserves are retained against a requirement in extremis to make redundancy payments.

Conflict of Interest: for all decisions taken involving a conflict of interest for any Trustee, the Trustee affected by the conflict is absent from the room and takes no part in the voting.

Page 6 of 11

This report was approved by the Trustees at a meeting on 14 October 2022, and was signed on their behalf by:-

Roger Peach (Chair of Trustees)

Andrew Mitchell (Secretary to Trustees)

Page 7 of 11

Music & Worship Foundation CIO - 1175280 Fund movement by type Selected period: 01 April 2021 to 31 March 2022

----- Start of picture text -----
Fund Balances Incoming Outgoing Gains & Journal Fund Balances
Fund & Type Brought Forward Resources Resources Transfers Losses entries Carried Forward
Gilderdale £25,050 £0 -£25,050 £0
Designated
Sub-totals £25,050 £0 £0 -£25,050 £0
Resurrection People £2,768 -£2,768 £0
Crowdfunding
Support
Restricted
Sub-totals £0 £2,768 £0 -£2,768 £0
General
Unrestricted £45,349 £55,741 £74,963 £25,818 £51,946
Sub-totals £45,349 £55,741 £74,963 £25,818 £51,946
Reserve
Designated £12,000 £0 £0 £2,000 £14,000
Sub-totals £12,000 £0 £0 £2,000 £14,000
Totals £82,399 £58,509 £74,963 £0 £65,946
----- End of picture text -----

Note: Minor discrepancies in above figures are the result of pence not being shown.

Page 8 of 11

Notes to the Accounts

General

B No remuneration was paid to Trustees. They were, however, recompensed for expenses incurred, and the details are given in an accompanying sheet. A gift of £60.00 was made to the Accounts Examiner in payment of his invoice: this gift was purchased by the Treasurer and included in his expenses, as authorised by the Chair of Trustees.

Notes to individual SOFA items

The CIO pays quarterly support payments to a charity in Albania, Selah WAM, which is engaged in similar work. The amount donated reduces each year by agreement, as the Albanian enterprise becomes more self-supporting. The proper application of these payments is checked through receipt of regular quarterly reports from their Trustees.

Page 9 of 11

MUSIC & WORSHIP FOUNDATION CIO : 1175280

Expenses paid to Trustees: year ended 31 March 2022

----- Start of picture text -----
Office Office Paid to Travel
Printing & Postage Accounts Expenses
Stationery & Telephone Examiner TOTALS
Ron Jones (Treasurer) £32.00 £32.72 £60.00 £58.75 £183.47
Rev E. Osgood £20.20 £20.20
A. Mitchell £222.67 £222.67
R. Peach £28.80 £28.80
M. Ndosi £96.50 £96.50
----- End of picture text -----

See Section B of "Notes to the Accounts".

Page 10 of 11

Music & Worship Foundation CIO : Charity No. 1175280 Financial year ended 31 March 2022

Independent Examiner's Report to the Trustees of Music & Worship Foundation CIO on the Accounts for the above period

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 of the Charities Act 2011 ("the Charities Act") and that an independent examination is needed.

It is my responsibility:> to examine the accounts under Section 145 of the Charities Act, > to follow the procedures laid down in the general directions given by the Charity Commission (under Section 145(5)(b) of the Charities Act), and > to state whether particular matters have come to my attention.

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 no opinion is given as to whether the accounts present a "true and fair" view.

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 Charities Act; > to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities 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. (Signed) Date 07 October 2022

Name:- Yohan Keerthiratna Relevant professional qualifications:-

MSc, PGCE, ACMA, CGMA, BA, HND

Address:-

2A Fairlawn Avenue, Bexleyheath, Kent DA7 4TG

Page 11 of 11