Annual Report and Financial Statements for the Year Ended 31 May 2021 ## Music in Ministry Trust Charity registration number: 299513 Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF ## **MUSIC IN MINISTRY TRUST** ## **Contents** |Reference and Administrative Details|1| |---|---| |Trustees' Report|2 to 3| |Independent Examiner's Report|4| |Statement of Financial Activities|5| |Balance Sheet|6| |Notes to the Financial Statements|7 to 12| ## **MUSIC IN MINISTRY TRUST** ## **Reference and Administrative Details** **Trustees** Francis Wirgman Michael Whyatt Allen Cherry Wendy Wirgman (deceased 14 August 2020) Elizabeth Whyatt **Principal Office** 37 The Spinney Epsom Downs Surrey KT18 5QX **Charity Registration** 299513 **Number Independent Examiner** G W Schulz ACMA Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF **Bankers** CAF Bank 25 King's Hill Avenue King's Hill West Malling Kent ME19 4JQ Page 1 ## **MUSIC IN MINISTRY TRUST** ## **Trustees' Report** The trustees present the annual report together with the financial statements of the charity for the year ended 31 May 2021. ## **Structure, governance and management** ## _**Nature of governing document**_ Music in Ministry Trust is a registered charity, number 299513, and is constituted under a Trust deed. ## _**Recruitment and appointment of trustees**_ The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed. ## _**Risk Management**_ The trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks. ## **Objectives and activities** ## _**Objects and aims**_ The main object of the charity is the advancement of the Christian faith through the support of the music ministry of Bryn Haworth. ## _**Public benefit**_ The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. ## **Achievements and performance** ## _**Review of activities**_ The Trust continues with its object of the advancement of the Christian faith. The Trust continues to develop its work inside prisons in the UK, providing music resources and donating Bibles, books, and CD's to give to the work of prison chaplaincy departments. The training side of the Trust's work will resume when lockdown lifts. The Trust also seeks opportunities to spread the vision for prison ministry around the country, and also supports Gospel outreach work and ministry to the poor. Over the year the trust has given £7,298 (2020 - £5,810) to charities involved in prison, mission and aid work. Wendy Wirgman was appointed a trustee on the formation of the Trust and served as a trustee until her death on 14 August 2020. Music in Ministry Trust would like to record its appreciation for her contribution over many years. Page 2 ## ## ## ## ## ## **MUSIC IN MINISTRY TRUST** ## **Independent Examiner's Report to the trustees of Music in Ministry Trust** I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 May 2021 which are set out on pages 5 to 12. ## **Respective responsibilities of trustees and examiner** As the charity’s trustees of Music in Ministry Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the Music in Ministry Trust's accounts carried 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 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 respect of Music in Ministry Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. ...................................... G W Schulz ACMA Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham Chichester West Sussex PO18 8NF 30 October 2021 Page 4 ## **MUSIC IN MINISTRY TRUST** ## **Statement of Financial Activities for the Year Ended 31 May 2021** |**Note**
**Unrestricted**
**funds**
**£**
**Income and Endowments from:**
Donations and legacies
2
46,952
**Expenditure on:**
Charitable activities
3
39,662
Total expenditure
39,662
Net income
7,290
Net movement in funds
7,290
**Reconciliation of funds**
Total funds brought forward
25,856
Total funds carried forward
9
33,146|**Total**
**2021**
**£**
46,952
39,662
39,662
7,290
7,290
25,856
33,146|**Total**
**2020**
**£**
41,242
26,972| |---|---|---| |||26,972| |||14,270| |||14,270
11,586| |||25,856| The notes on pages 7 to 12 form an integral part of these financial statements. Page 5 ## ## |
asat31Mayz|
OZt|||| |---|---|---|---|---| |||2f)2L|202(J|| ||Note|E|E|| |Fixed assets||||| |Tangibleassets|6|4,985|2,592|| |Currentassets||||| |Debtors|7|2,032||| |Cashatbank andinhand||26,65s|23 s87|| |||28,687|23,587|| |Creditors: Amountsfallingduewithinoneyear|B|(s26)|(
323|)| |Netcurrentassets||28 161|23,264|| |Net assets||_____33,L19_|_25,859_|| |Fundsof thecharity;||||| |Unrestrictedincomefunds||||| |Unrestricted funds||33,L46|25,856|| |Total funds|e|____Ellq_|25,856|| ## **MUSIC IN MINISTRY TRUST** ## **Notes to the Financial Statements for the Year Ended 31 May 2021** ## **1 Accounting policies** ## **Statement of compliance** The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. ## **Basis of preparation** Music in Ministry Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. ## **Going concern** The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. ## **Income and endowments** Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability. ## _**Donations and legacies**_ Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured. ## _**Gift aid**_ Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. ## **Expenditure** All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Page 7 ## **MUSIC IN MINISTRY TRUST** ## **Notes to the Financial Statements for the Year Ended 31 May 2021** ## _**Charitable activities**_ Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. ## _**Grant provisions**_ Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable. ## **Tangible fixed assets** Individual fixed assets costing £500 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. ## **Depreciation and amortisation** Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows: |**Asset class**|**Depreciation method and rate**| |---|---| |Fixtures and fittings|25% reducing balance| |Computer equipment|25% straight line| |Musical equipment|25% reducing balance| |Office equipment|25% reducing balance| ## **Debtors** Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## **Cash and cash equivalents** Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. ## **Liabilities** Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Page 8 ## **MUSIC IN MINISTRY TRUST** ## **Notes to the Financial Statements for the Year Ended 31 May 2021** ## **Fund structure** Unrestricted income funds are general funds that are available for use at the discretion of the trustees. Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees. ## **2 Income from donations and legacies** |Donations and legacies;
Donations
Gift aid reclaimed|**Unrestricted funds**
**Designated**
**£**
**General**
**£**
14,000
30,920
-
2,032
14,000
32,952|**Total**
**2021**
**£**
44,920
2,032
46,952|**Total**
**2020**
**£**
38,791
2,451| |---|---|---|---| ||||41,242| ## **3 Expenditure on charitable activities** |**Note**
Ministry
expenses
Recording costs
Tour expenses
Motor expenses
Computer,
postage, printing
and stationery
Bank charges
Sundry expenses
Independent
examination
Depreciation
Grant funding of
activities
4|**Unrestricted funds**
**Designated**
**£**
**General**
**£**
-
14,578
12,328
-
-
434
-
-
-
2,733
-
75
-
50
-
468
-
1,698
-
7,298
12,328
27,334|**Total**
**2021**
**£**
14,578
12,328
434
-
2,733
75
50
468
1,698
7,298
39,662|**Total**
**2020**
**£**
18,028
-
701
649
568
60
72
456
528
5,910| |---|---|---|---| ||||26,972| Page 9 ## **MUSIC IN MINISTRY TRUST** ## **Notes to the Financial Statements for the Year Ended 31 May 2021** ## **4 Grant-making** ## **Analysis of grants** Grants |**Grants to **|**institutions**| |---|---| |**2021**|**2020**| |**£**|**£**| |7,298|5,910| ## **5 Trustees remuneration and expenses** No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. No trustees have received any reimbursed expenses or any other benefits from the charity during the year. ## **6 Tangible fixed assets** |**Cost**
At 1 June 2020
Additions
At 31 May 2021
**Depreciation**
At 1 June 2020
Charge for the
year
At 31 May 2021
**Net book value**
At 31 May 2021
At 31 May 2020
**7 Debtors**
Accrued income|**Fixtures**
**and fittings**
**£**
1,264
-
1,264
1,259
1
1,260
4
5|**Computer**
**equipment**
**£**
3,330
-
3,330
2,689
188
2,877
453
641|**Music**
**equipment**
**£**
13,821
4,091||**Office**
**equipment**
**£**
251
-||**Total**
**£**
18,666
4,091| |---|---|---|---|---|---|---|---| ||||17,912||251||22,757| ||||11,875
1,509||251
-||16,074
1,698| ||||13,384||251||17,772| ||||4,528||-||4,985| ||||1,946||-||2,592| ||||||**2021**
**£**
2,032||**2020**
**£**
-| Page 10 ## **MUSIC IN MINISTRY TRUST** ## **Notes to the Financial Statements for the Year Ended 31 May 2021** ## **8 Creditors: amounts falling due within one year** |Accruals
**9 Funds**
**Unrestricted funds**
**_General_**
General Funds
**_Designated_**
Recording fund
**Total funds**
**Unrestricted funds**
**_General_**
General Funds
**_Designated_**
Recording fund
**Total funds**|**Balance at**
**1 June**
**2020**
**£**
15,856
10,000
25,856
**Balance at**
**1 June**
**2019**
**£**
11,586
-
11,586|**Incoming**
**resources**
**£**
32,952
14,000
46,952
**Incoming**
**resources**
**£**
31,242
10,000
41,242|**2021**
**£**
526
**Resources**
**expended**
**£**
(27,334)
(12,328)
(39,662)
**Resources**
**expended**
**£**
(26,972)
-
(26,972)|**2020**
**£**
323| |---|---|---|---|---| |||||**Balance at**
**31 May**
**2021**
**£**
21,474
11,672| |||||33,146| |||||**Balance at**
**31 May**
**2020**
**£**
15,856
10,000| |||||25,856| Page 11 ## **MUSIC IN MINISTRY TRUST** ## **Notes to the Financial Statements for the Year Ended 31 May 2021** ## **10 Analysis of net assets between funds** |Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets|**Unrestricted funds**
**General**
**£**
**Designated**
**£**
4,985
-
17,015
11,672
(526)
-
21,474
11,672
**Unrestricted funds**
**General**
**£**
**Designated**
**£**
2,592
-
13,587
10,000
(323)
-
15,856
10,000|**Total funds**
**at 31 May**
**2021**
**£**
4,985
28,687
(526)| |---|---|---| |||33,146| |||**Total funds**
**at 31 May**
**2020**
**£**
2,592
23,587
(323)| |||25,856| Page 12