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:
- (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 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:
- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- 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**
- 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 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:
- (1) accounting records were not kept in respect of the 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 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: