RegisteredCharity No.326553
MARILYN BAKER MINISTRIES
ANNUAL REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2020
MARILYN BAKER MINISTRIES1
CONTENTSOF THE REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2020
Page
General Information 2
Trustees’ Report 3 - 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Accounts 8 – 14
Independent Examiner’s Report 15
MARILYN BAKER MINISTRIES2
GENERAL INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2020
Registered Number: Charity Number 326553
Working Name: MBM
Trustees: Valerie Meade (Chairperson)
Andrew Meade
Ron Seale
Desmond Hillary (appointed 5[th] February 2021)
Administrator: Rachel Barr
Principal Office: PO Box 393
Tonbridge
Kent TN9 9AY
Telephone: 01732 850855
Email: info@mbm-ministries.org
Website: www.mbm-ministries.org
Independent Examiner: Paul Baker FAIA
Applied Accountancy Limited
50a Clifford Way
Maidstone
Kent ME16 8GD
Bankers: Lloyds TSB plc
121 High Street
Tonbridge
Kent TN9 1DB
MARILYN BAKER MINISTRIES3
TRUSTEES’ REPORT
FOR THE YEAR ENDED 31ST DECEMBER 2020
The trustees present their report and the accounts for the year ended
31st December 2020.
STRUCTURE, GOVENANCE AND MANAGEMENT
Governing Document
The charitable trust was constituted by a Trust Deed made on 1 January 1984
as varied by a Deed of Amendment dated 10 May 1984 and was registered with
the Charity Commission on 9 July 1984.
Trustees
The trustees who served throughout the year were as follows:-
Valerie Meade
Andrew Meade
Ron Seale
Desmond Hillary (appointed 5[th] February 2021)
The Board of Trustees appoints its membership. New trustees are usually
known to the Board of Trustees and are aware of the trust’s aims.
Major policy decisions, expenditures and conference arrangements are
discussed and approved at regular trustees’ meetings. Trustees’ meetings
are usually attended by members of the team, who, although entering into
some of the discussion, have no voting rights.
Administration
Bookings for concerts, conferences and the day to day running of the
principal office are handled by the Administrator.
MARILYN BAKER MINISTRIES4
TRUSTEES’ REPORT (Continued)
FOR THE YEAR ENDED 31ST DECEMBER 2020
OBJECTIVES AND ACTIVITIES
Principal Objectives
The aims of the trust are:
(i) to promote the communication of evangelical Christian faith through music, songs and the spoken word,
(ii) to provide spiritual teaching, advice, encouragement and counsel,
(iii)to promote meetings, services and concerts.
Activities
Marilyn Baker and the team have continued their ministry with attendance at
concerts, conferences and meetings throughout the year. At these events the
Christian faith is communicated through music, songs and the spoken word.
The services of volunteers particularly with regards to driving to events
is greatly appreciated.
The trustees have complied with the duty in section 4 of the 2011 Charities
Act to have due regard to guidance published by the Charity Commission,
including public benefit guidance. We have referred to the Charity
Commission’s general guidance on public benefit when reviewing our aims and
objectives and in planning our future activities.
FINANCIAL PERFORMANCE
The trust is reliant upon gifts and donations from supporters, which raised
£54,635 (2019: £50,530) during the year. In addition, the sale of books,
tapes and compact discs generated income of £9,373 (2019: £14,134). Total
income for the year was £64,008 (2019: £64,664). Total expenditure was
£63,494 (2019: £66,891) giving rise to an overall surplus of £514 (2019:
deficit £(2,227)). Income generated is expended on the publication of
books, tapes and compact discs. The level of expenditure is related to the
income received. The trustees give thanks for all the prayer, finance and
practical support given to the trust.
RESERVES POLICY
The Trustees consider reserves of between three and six months’ expenditure
to be required for the stability of the trust, which should be between
£15,873 and £31,747 (2019: £16,723 and £33,445). At 31 December 2020, free
reserves were £29,987 (2019: £28,997), calculated as net assets less fixed
assets and restricted funds. The Trustees consider the Trust to be a going
concern.
MARILYN BAKER MINISTRIES5
TRUSTEES’ REPORT (Continued)
FOR THE YEAR ENDED 31ST DECEMBER 2020
RISK MANAGEMENT
The trustees are aware that the continuity of the Trust relies upon the
health and ability of Marilyn Baker and continue to support her as
necessary to enable the work of the Trust to continue.
The Trustees have considered the ongoing impact of the Coronavirus
pandemic as detailed in the accounting policies on page 8.
FUTURE DEVELOPMENTS
The trustees will continue to support the ministry of Marilyn Baker and
her team in the communication of the Christian faith through music, songs
and the spoken word.
STATEMENT OF TRUSTEES’ RESPONSIBILITIES
Charity law requires trustees to prepare accounts for each financial
period which give a true and fair view of the state of affairs of the
charity as at the end of the financial period and of the surplus or
deficit for that period. In preparing those accounts, the trustees are
required to:
consistently;
make judgements and estimates that are reasonable and prudent;
appropriate to presume that the charity will continue to function
The trustees are responsible for maintaining proper accounting records
which disclose with reasonable accuracy at any time the financial
position of the charity and enable them to ensure that the accounts
comply with applicable Accounting Standards, Statement of Recommended
Practice and the regulations made under the Charities Act 2012. The
trustees are also responsible for safeguarding the assets of the charity
and hence for taking reasonable steps for the prevention and detection
of fraud and other irregularities.
Valerie Meade
Chairperson _
MARIYN BAKER MINISTRIES 6
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31ST DECEMBER 2020
<---Year Ended 31.12.20 ---- → Year Ended Unrestricted Restricted 31.12.19 Note Funds Funds Total Total _ _ __ £ £ £ £ INCOMING RESOURCES Incoming Resources from Generated Funds: Donations and Grants 54,635 - 54,635 50,530 Activities for Generating Funds: Sale of Books, Tapes and Compact Discs 9,373 - 9,373 14,134 Other Income - - - - _ Total Incoming Resources 64,008 - 64,008 64,664 RESOURCES EXPENDED Costs of Generating Funds 2 3,649 - 3,649 4,631 Charitable Activities 3 57,944 761 58,705 61,120 - Governance Costs 4 1,140 1,140 1,140 Total Resources Expended 62,733 761 63,494 66,891 NET MOVEMENT IN FUNDS 1,275 (761) 514 (2,227) FUNDS BROUGHT FORWARD 30,739 3,045 33,784 36,011 TRANSFERS BETWEEN FUNDS - - - - FUNDS CARRIED FORWARD £32,014 £ 2,284 £34,298 £33,784
The statement of financial activities includes all gains and losses
in the year. All incoming resources and resources expended derive
MARILYN BAKER MINISTRIES 7
BALANCE SHEET
AS AT 31ST DECEMBER 2020
Note31.12.2031.12.19
£ £ £ £
FIXED ASSETS
Tangible Assets 6 4,311 4,787
CURRENT ASSETS
Stocks 3,774 2,293
Debtors 7 7,314 3,829
Cash at Bank and in Hand 22,880 24,943
33,968 31,065
CREDITORS: AMOUNTS FALLING
DUE WITHIN ONE YEAR 8 3,981 2,068
NET CURRENT ASSETS 29,987 22,997
NET ASSETS£34,298£33,784
CAPITAL AND RESERVES
Unrestricted Funds 32,014 30,739
Restricted Funds 11 2,284 _3,045
TOTAL FUNDS£34,298£33,784
The accounts were approved by the trustees on and signed on
their behalf
...........................
Valerie Meade
MARILYN BAKER MINISTRIES8
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2020
1 . ACCOUNTING POLICIES
a) Accounting Basis
The accounts have been prepared under the historical cost
convention and in accordance with the Statement of
Recommended Practice: Accounting and Reporting by Charities
preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland
(FRS 102) issued 16[th] July 2014 and with the Charities Act 2011.
b) Going Concern
The Coronavirus pandemic is creating significant uncertainty
globally and the charity is not immune to this. The Trustees
are working to ensure the safety of the employees and
the continuity of the charity’s operations as far as they are
able, whilst adhering to Government advice. Whilst the pandemic
will have a financial impact on the charity, at this stage it is
not possible to reliably forecast what this may be. However, the
Trustees have taken all relevant measures to ensure they are able
to safeguard cash flow, jobs and charitable activities to put them
in the best position to be able to pick up on opportunities as
they arise once activities start to return to normal.
Given the uncertainties that exist, they believe these actions
should enable them to continue in operational existence.
Therefore, it is the Trustees’ opinion that the going concern
c) Fund Accounting
- Unrestricted funds are available for use at the discretion
of the trustees in furtherance of the general objectives
of the charity.
- Restricted Funds are subjected to restrictions on their
expenditure imposed by the donor or through the terms of
an appeal.
d) Incoming Resources
All incoming resources are included in the statement of
financial activities when the charity is entitled to the
income and the amount can be quantified with reasonable
accuracy.
MARILYN BAKER MINISTRIES9
NOTES TO THE ACCOUNTS (Continued)
FOR THE YEAR ENDED 31ST DECEMBER 2020
1. ACCOUNTING POLICIES (Continued)
e) Resources Expended
Expenditure is recognised on an accruals basis as a liability
is incurred. It is reported as part of the expenditure to which
it relates:
Costs of generating funds comprise of those costs incurred
in the sale of books, tapes and compact discs.
Charitable activity costs are incurred in achieving the
charitable objectives of the trust.
Governance costs comprise those costs associated with meeting
the constitutional and statutory requirements of the charity.
of generating funds to be immaterial.
f) Tangible Fixed Assets and Depreciation
Depreciation is provided on tangible fixed assets at the
following annual rates in order to
estimated residual value, of each asset over its expected
useful life:-
Equipment – 25% on net book value
Motor Vehicles – 25% on net book value.
g) Stocks
Stocks are valued at the lower of cost and net realisable value.
h) Debtors
Debtors (including Trade Debtors) are measured at transaction
Price (which is usually the invoice price) less any impairment
For bad and doubtful debts.
i) Creditors
Short term creditors are measured at transaction price (which is
Usually the invoice price).
MARILYN BAKER MINISTRIES 10
NOTES TO THE ACCOUNTS (Continued)
FOR THE YEAR ENDED 31[ST] DECEMBER 2020
j ) Taxation
The company is not liable to taxation on the net revenue
arising from its activities nor on its investment income.
Unrestricted Restricted 31.12.19
Funds Funds Total Total
____
£ £ £ £
2. COSTSOF GENERATING FUNDS
Purchases of Books,
Tapes and Compact Discs £3,649 -__ £3,649 £4,631
MARILYN BAKER MINISTRIES 11
NOTES TO THE ACCOUNTS (Continued)
FOR THE YEAR ENDED 31[ST] DECEMBER 2020
<---Year Ended 31.12.20 ----→Year Ended |
<---Year Ended 31.12.20 ----→Year Ended |
<---Year Ended 31.12.20 ----→Year Ended |
||
|---|---|---|---|---|
Unrestricted Restricted 31.12.19 |
||||
_ |
Funds |
Funds Total_ Total__ |
||
£ |
£ £ £ |
|||
3. |
CHARITABLE ACTIVITIES |
|||
Direct Costs of Charitable |
||||
Activities: |
||||
Salaries & Employers’ NI |
33,169 |
- 33,169 33,169 |
||
Pension Costs |
1,714 |
- 1,714 1,221 |
||
Bad Debt |
- |
- - 9 |
||
Bursary Payment |
- |
- - - |
||
£34,883 |
£ - £34,883 £34,399 |
|||
Analysis of Support Costs: |
||||
Salaries & Employers’ NI |
10,891 |
- 10,891 10,334 |
||
Pension Costs |
542 |
- 542 611 |
||
Motor Expenses |
1,767 |
- 1,767 2,789 |
||
Travel Costs |
101 |
- 101 632 |
||
Insurance and Copyright |
907 |
- 907 913 |
||
Repairs & Maintenance |
- |
- - 102 |
||
Printing, Postage, |
||||
Stationery, Computer |
||||
Software & Consumables |
3,430 |
- 3,430 2,922 |
||
Telephone |
65 |
- 65 466 |
||
Depreciation |
676 |
761 1,437 1,595 |
||
Loss on Disposal of Assets |
- |
- - - |
||
Advertising & Marketing |
3,225 |
- 3,225 4,848 |
||
Subscriptions |
931 |
- 931 612 |
||
Payroll Charges (paid to |
||||
the Independent examiner) |
360 |
- 360 360 |
||
Use of Premises |
- |
- - - |
||
Bank Charges |
166 |
- 166 432 |
||
Sundry Expenses |
- |
- - 105 |
||
Hire of Hall |
- |
- - - |
||
£23,061 |
£761 £23,822 £26,721 |
|||
Totals |
£57,944 |
£761£58,705£61,120 |
4. GOVERNANCE COSTS
-
Independent Examiner’s Fee £1,140 £ £1,140£1,140
MARILYN BAKER MINISTRIES12
NOTES TO THE ACCOUNTS (Continued)
FOR THE YEAR ENDED 31ST DECEMBER 2020
2020 2019
5. STAFF COSTS AND NUMBERS
Gross Salaries 44,060 43,503
Employer’s National Insurance - -
Employer’s Pension Contributions 2,256 1,832
£46,316 £45,335
The average number of employees
was as follows:-
Activities in the furtherance
of the charity’s activities 2 2
Support Staff 1 1
3 3
No employee received remuneration at higher levels as defined in
the Charities Statement of Recommended Practice (FRS 102) as
above £60,000.
6. TANGIBLE FIXED ASSETS
Motor
Equipment Vehicles Total
Cost
At 1st January 2020 37,082 11,222 48,304
Additions 961 - 961
Disposals - - -
At 31[st] December 2020 £38,043 £11,222 £49,265
Depreciation
At 1st January 2020 35,400 8,117 43,517
Eliminated on Disposal - - -
Charge for the year _660777 1,437
At 31st December 2020 £36,060 £ 8,894 £44,954
Net Book Value
At 31st December 2020 £ 1,983 £ 2,328£ 4,311
At 31st December 2019 £ 1,682 £ 3,105£ 4,787
MARILYN BAKER MINISTRIES 13
NOTES TO THE ACCOUNTS (Continued)
FOR THE YEAR ENDED 31ST DECEMBER 2020
2020 2019
7. STOCKS
Books, Tapes and Compact Discs £3,774 £2,293
8. DEBTORS
Trade Debtors - 42
Tax Recoverable 6,064 2,548
Prepayments 1,250 1,239
Other Debtors - -
£7,314 £3,829
9. CREDITORS: AMOUNTS FALLING
DUE WITHIN ONE YEAR
Trade Creditors 1,317 -
Accruals 1,500 1,500
Other Creditors 1,164 568
£3,981 £2,068
Unrestricted Restricted 2020 2019
Funds____ Funds___ Total Total
10. ANALYSISOF FUNDS
Tangible Fixed Assets 2,027 2,284 4,311 4,787
Net Current Assets 29,987 - 29,987 28,997
Totals £32,014 £2,284 £34,298£33,784
MARILYN BAKER MINISTRIES 14
NOTES TO THE ACCOUNTS (Continued)
FOR THE YEAR ENDED 31ST DECEMBER 2020
At 1.1.20 Income Expenses Transfers At31.12.20
11. RESTRICTED FUNDS
Van Fund 3,045 - 761 - 2,284
Bursary Fund - - - - _ -
-
Totals £3,045 £ £ 761 £ - £2,284
The Bursary Fund provided financial assistance to those unable to pay
full fees whilst attending conferences.
The Van Fund was set up in previous years to raise finance for a
new van required for the ongoing work of the charity. The van
was purchased in June 2015
12. TRANSACTIONS WITH TRUSTEES
No trustee received any remuneration or were reimbursed for any
expenses by the charity.
13. PENSION COSTS
The charity operates a defined contribution pension scheme for some of
its staff. Pension contributions are also made to Marilyn Baker’s and
Tracy Williamson’s personal pensions. The assets of the schemes
payable by the charity to the funds and amounted to £2,256 (2019 –
£1,832). Contributions totalling £314 (2019 – £183) were payable to
the fund at the year end and are included in creditors.
14. RELATED PARTIES
There have been no related party transactions in this period (2019
None).
MARILYN BAKER MINISTRIES15
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES
OF MARILYN BAKERV MINISTRIES
FOR THE YEAR ENDED 31ST DECEMBER 2020
I report to the trustees on my examination of the accounts of Marilyn
Baker Ministries(the Trust) for the year ended 31[st] December 2020, which
are set out on pages 6 to 13.
RESPONSIBILITIES AND BASIS OF REPORT
As the charity trustees of the 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 Trustee’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 2011 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) 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 applicable 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.
Signed:
Name: Paul Baker
FAIA
Address: 50a Clifford Way
Maidstone
Kent ME16 8GD
Dated: