Registered Charity No. 326553
MARILYN BAKER MINISTRIES
ANNUAL REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2021
MARILYN BAKER MINISTRIES 1
CONTENTS OF THE REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2021
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 MINISTRIES 2
GENERAL INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2021
Registered Number: Charity Number 326553 Working Name: MBM Trustees: Valerie Meade (Chairperson) Andrew Meade Ron Seale Desmond Hillary 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 MINISTRIES 3
TRUSTEES’ REPORT
FOR THE YEAR ENDED 31ST DECEMBER 2021
The trustees present their report and the accounts for the year ended 31st December 2021.
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
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. Trustee’s responsibilities are explained on appointment.
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 MINISTRIES 4
TRUSTEES’ REPORT (Continued)
FOR THE YEAR ENDED 31ST DECEMBER 2021
OBJECTIVES AND ACTIVITIES
Principal Objectives
The aims of the trust are:
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(i) to promote the communication of evangelical Christian faith through music, songs and the spoken word,
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(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 together with online events 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 £63,905 (2020: £54,635) during the year. In addition, the sale of books, compact discs and sundry items generated income of £5,851 (2020: £9,373). Total income for the year was £69,756 (2020: £64,008). Total expenditure was £64,434 (2020: £63,494) giving rise to an overall surplus of £5,322 (2020: surplus £514). Income generated is expended on the publication of books 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 £16,109 and £32,217 (2020: £15,873 and £31,747). At 31 December 2021, free reserves were £35,797 (2020: £29,987), calculated as net assets less fixed assets and restricted funds. The Trustees consider the Trust to be a going concern.
MARILYN BAKER MINISTRIES 5
TRUSTEES’ REPORT (Continued)
FOR THE YEAR ENDED 31ST DECEMBER 2021
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:
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select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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prepare accounts on the going concern basis unless it is inappropriate to presume that the charity will continue to function according to its objectives.
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 2011. 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.
Approved by the trustees on and signed on their behalf.
Valerie Meade Chairperson _ MARIYN BAKER MINISTRIES 6
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31ST DECEMBER 2021
| <---Year Ended 31.12.21 ----Year Ended Unrestricted Restricted 31.12.20 Note _ Funds Funds Total _ Total__ £ £ £ £ INCOMING RESOURCES Incoming Resources from Generated Funds: Donations and Grants 63,905 - 63,905 54,635 Activities for Generating Funds: Sale of Books, Tapes and Compact Discs 5,851 - 5,851 9,373 Other Income - _- - - Total Incoming Resources69,756 - 69,756 64,008 RESOURCES EXPENDED Costs of Generating Funds 2 2,372 - 2,372 3,649 Charitable Activities 3 60,351 571 60,922 58,705 Governance Costs 41,140 - 1,140 1,140 Total Resources Expended63,863 571 64,434 63,494 NET MOVEMENT IN FUNDS 5,893 (571) 5,322 514 FUNDS BROUGHT FORWARD 32,014 2,284 34,298 33,784 TRANSFERS BETWEEN FUNDS - - - - FUNDS CARRIED FORWARD £37,907 £1,713 £39,620 £34,298 |
<---Year Ended 31.12.21 ----Year Ended Unrestricted Restricted 31.12.20 Note _ Funds Funds Total _ Total__ £ £ £ £ INCOMING RESOURCES Incoming Resources from Generated Funds: Donations and Grants 63,905 - 63,905 54,635 Activities for Generating Funds: Sale of Books, Tapes and Compact Discs 5,851 - 5,851 9,373 Other Income - _- - - Total Incoming Resources69,756 - 69,756 64,008 RESOURCES EXPENDED Costs of Generating Funds 2 2,372 - 2,372 3,649 Charitable Activities 3 60,351 571 60,922 58,705 Governance Costs 41,140 - 1,140 1,140 Total Resources Expended63,863 571 64,434 63,494 NET MOVEMENT IN FUNDS 5,893 (571) 5,322 514 FUNDS BROUGHT FORWARD 32,014 2,284 34,298 33,784 TRANSFERS BETWEEN FUNDS - - - - FUNDS CARRIED FORWARD £37,907 £1,713 £39,620 £34,298 |
<---Year Ended 31.12.21 ----Year Ended Unrestricted Restricted 31.12.20 Note _ Funds Funds Total _ Total__ £ £ £ £ INCOMING RESOURCES Incoming Resources from Generated Funds: Donations and Grants 63,905 - 63,905 54,635 Activities for Generating Funds: Sale of Books, Tapes and Compact Discs 5,851 - 5,851 9,373 Other Income - _- - - Total Incoming Resources69,756 - 69,756 64,008 RESOURCES EXPENDED Costs of Generating Funds 2 2,372 - 2,372 3,649 Charitable Activities 3 60,351 571 60,922 58,705 Governance Costs 41,140 - 1,140 1,140 Total Resources Expended63,863 571 64,434 63,494 NET MOVEMENT IN FUNDS 5,893 (571) 5,322 514 FUNDS BROUGHT FORWARD 32,014 2,284 34,298 33,784 TRANSFERS BETWEEN FUNDS - - - - FUNDS CARRIED FORWARD £37,907 £1,713 £39,620 £34,298 |
|---|---|---|
| _ £ |
||
| 64,008 | ||
3,649 58,705 1,140 |
||
63,494 |
||
514 33,784 - 34,298 |
The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities.
MARILYN BAKER MINISTRIES 7
BALANCE SHEET AS AT 31ST DECEMBER 2021
FIXED ASSETS Tangible Assets CURRENT ASSETS Stocks Debtors Cash at Bank and in Hand CREDITORS :AMOUNTS FALLING DUE WITHIN ONE YEAR NET CURRENT ASSETS NET ASSETS CAPITAL AND RESERVES Unrestricted Funds Restricted Funds TOTAL FUNDS |
Note 6 7 8 9 10 |
31.12.21 £ £ 3,823 2,697 7,509 28,174 38,380 2,583 35,797 £39,620 37,907 1,713 £39,620 |
31.12.20 £ £ 4,311 3,774 7,314 22,880 |
31.12.20 £ £ 4,311 3,774 7,314 22,880 |
|---|---|---|---|---|
33,968 3,981 |
29,987 34,298 32,014 _2,284 34,298 |
|||
£ £ |
The accounts were approved by the trustees on and signed on their behalf
........................... Valerie Meade
MARILYN BAKER MINISTRIES 8
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2021
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 basis of preparation continues to be appropriate.
c) Fund Accounting
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Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
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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 MINISTRIES 9
NOTES TO THE ACCOUNTS (Continued)
FOR THE YEAR ENDED 31ST DECEMBER 2021
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.
The trustees consider the allocation of support cots to the cost 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 write off the cost, less 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 31ST DECEMBER 2021
j ) Taxation
The trust is not liable to taxation on the net revenue arising from its activities nor on its investment income.
2. |
<---Year Ended 31.12.21 ----Year Ended Unrestricted Restricted 31.12.20 _ Funds Funds Total _ Total__ £ £ £ £ COSTS OF GENERATING FUNDS Purchases of Books, Tapes and Compact Discs£2,372 - £2,372 £3,649 |
<---Year Ended 31.12.21 ----Year Ended Unrestricted Restricted 31.12.20 _ Funds Funds Total _ Total__ £ £ £ £ COSTS OF GENERATING FUNDS Purchases of Books, Tapes and Compact Discs£2,372 - £2,372 £3,649 |
|---|---|---|
£ |
||
| Purchases of Books, Tapes and Compact Discs |
MARILYN BAKER MINISTRIES 11
NOTES TO THE ACCOUNTS (Continued)
FOR THE YEAR ENDED 31ST DECEMBER 2021
3. |
<---Year Ended 31.12.21 Unrestricted Restricted _ Funds Funds £ £ CHARITABLE ACTIVITIES Direct Costs of Charitable Activities: Salaries & Employers’ NI 34,169 - Pension Costs 1,659 - Event Expenses 100 - Bursary Payment - - £35,928 £- £ Analysis of Support Costs: Salaries & Employers’ NI 11,505 - Pension Costs 575 - Motor Expenses 2,087 - Travel Costs 201 - Insurance and Copyright 914 - Repairs & Maintenance - - Printing, Postage, Stationery, Computer Software & Consumables 2,373 - Telephone 91 - Depreciation 703 571 Loss on Disposal of Assets - - Advertising & Marketing 3,975 - Subscriptions 1,034 - Payroll Charges (paid to the Independent examiner) 360 - Use of Premises - - Bank Charges 405 - Sundry Expenses 200 - Hire of Hall - - |
----Year Ended 31.12.20 Total _ Total__ £ £ 34,169 33,169 1,659 1,714 100 - - - 35,928 £34,883 11,505 10,891 575 542 2,087 1,767 201 101 914 907 - - 2,373 3,430 91 65 1,274 1,437 - - 3,975 3,225 1,034 931 360 360 - - 405 166 200 - - - |
|---|---|---|
| £24,423 |
£571 |
£571 |
£24,994 |
£24,994 |
£23,822 | ||
|---|---|---|---|---|---|---|---|
| Totals | £60,351 |
£571 |
£60,922 |
£58,705 | |||
| 4. GOVERNANCE COSTS | |||||||
| Independent Examiner’s Fee£1,140 |
£ | - |
£1,140 |
£1,140 | |||
| MARILYN BAKER MINISTRIES |
12 | ||||||
| NOTES TO THE ACCOUNTS (Continued) |
|||||||
| FOR THE YEAR ENDED 31ST DECEMBER 2021 | |||||||
| 2021 |
2020 | ||||||
| 5. STAFF COSTS AND NUMBERS | |||||||
| Gross Salaries | 45,674 | 44,060 | |||||
| Employer’s National Insurance | - | - | |||||
| Employer’s Pension Contributions | 2,234 |
2,256 | |||||
| £47,908 |
£46,316 | ||||||
| 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 2021 | 38,043 | 11,222 | 49,265 | ||||
| Additions | 786 | - | 786 | ||||
| Disposals | - |
- |
- | ||||
| At 31stDecember 2021 | £38,829 |
£11,222 |
£50,051 | ||||
| Depreciation |
| At 1st January 2021 36,060 Eliminated on Disposal - Charge for the year_ 692 At 31st December 2021£36,752 £ Net Book Value At 31st December 2021£ 2,077 £ At 31st December 2020£ 1,983 £ MARILYN BAKER MINISTRIES NOTES TO THE ACCOUNTS (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2021 2021 7. STOCKS Books, Tapes and Compact Discs£2,697 8. DEBTORS Trade Debtors 36 Tax Recoverable 6,261 Prepayments 1,212 Other Debtors - £7,509 9. CREDITORS : AMOUNTS FALLING DUE WITHIN ONE YEAR Trade Creditors 60 Accruals 1,800 Other Creditors723 £2,583 Unrestricted Restricted Funds_ Funds 10. ANALYSIS OF FUNDS Tangible Fixed Assets 2,110 1,713 Net Current Assets35,797 - |
8,894 44,954 - - 582 1,274 9,476 £46,228 1,746 £3,823 2,328 £4,311 13 2020 £3,774 - 6,064 1,250 - £7,314 1,317 1,500 1,164 £3,981 2021 2020 Total Total 3,823 4,311 35,797 29,987 |
|
|---|---|---|
| FOR | ||
7. 8. 9. 10. |
Totals £37,907 £1,713 £39,620 £34,298
MARILYN BAKER MINISTRIES 14
NOTES TO THE ACCOUNTS (Continued)
FOR THE YEAR ENDED 31ST DECEMBER 2021
31.12.21 11. RESTRICTED FUNDS Van Fund Bursary Fund Totals |
At 1.1.21 Income 2,284 - - - £3,045 £- |
Expenses 571 - £ 571 |
Transfers - - £- |
At | 1,713 _- 1,713 |
|---|---|---|---|---|---|
£ |
£ |
||||
| 11. |
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 are held separately from those of the charity in independently
administered funds. The pension cost charge represents contributions payable by the charity to the funds and amounted to £2,233 (2020 – £2,256). Contributions totalling £332 (2020 – £314) 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 (2020 None).
MARILYN BAKER MINISTRIES 15
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF MARILYN BAKERV MINISTRIES
FOR THE YEAR ENDED 31ST DECEMBER 2021
I report to the trustees on my examination of the accounts of Marilyn Baker Ministries(the Trust) for the year ended 31[st] December 2021, which are set out on pages 6 to 14.
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:
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(1) accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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(2) the accounts do not accord with those records; or
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(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.
Name: Paul Baker
Address: 50a Clifford Way Maidstone Kent ME16 8GD
Dated: