RegisteredCharity No.326553
MARILYN BAKER MINISTRIES
ANNUAL REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2022
MARILYN BAKER MINISTRIES1
CONTENTS OF THE REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2022
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 2022
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 MINISTRIES3
TRUSTEES’ REPORT
FOR THE YEAR ENDED 31ST DECEMBER 2022
The trustees present their report and the accounts for the year ended
31st December 2022.
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 MINISTRIES4
TRUSTEES’ REPORT (Continued)
FOR THE YEAR ENDED 31ST DECEMBER 2022
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
£53,869 (2021: £63,905) during the year. In addition, the sale of books,
compact discs and sundry items generated income of £2,708 (2021: £5,851).
Total income for the year was £56,577 (2021: £69,756). Total expenditure
was £62,482 (2021: £64,434) giving rise to an overall deficit of £(5,905)
(2021: surplus £5,322). 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
£15,620 and £31,240 (2021: £16,109 and £32,217). At 31 December 2022, free
reserves were £30,848 (2021: £35,797), 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 2022
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.
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 according to its
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.
Valerie Meade
Chairperson _
MARIYN BAKER MINISTRIES 6
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31ST DECEMBER 2022
<---Year Ended 31.12.22 ---- → Year Ended Unrestricted Restricted 31.12.21 Note Funds Funds Total Total _ _ __ £ £ £ £ INCOMING RESOURCES Incoming Resources from Generated Funds: Donations and Grants 53,869 - 53,869 63,905 Activities for Generating Funds: Sale of Books, Tapes and Compact Discs 2,708 - 2,708 5,851 Other Income - - - - _ Total Incoming Resources 56,577 - 56,577 69,756 RESOURCES EXPENDED Costs of Generating Funds 2 1,179 - 1,179 2,372 Charitable Activities 3 59,735 428 60,163 60,922 Governance Costs 4 1,140 - 1,140 1,140 Total Resources Expended 62,054 428 62,482 64,434 NET MOVEMENT IN FUNDS (5,477) (428) (5,905) 5,322 FUNDS BROUGHT FORWARD 37,907 1,713 39,620 34,298 TRANSFERS BETWEEN FUNDS - - - - FUNDS CARRIED FORWARD £32,430 £ 1,285 £33,715 £39,620
The statement of financial activities includes all gains and losses
in the year. All incoming resources and resources expended derive
from continuing
MARILYN BAKER MINISTRIES 7
BALANCE SHEET
AS AT 31ST DECEMBER 2022
Note31.12.22 31.12.21
£ £ £ £
FIXED ASSETS
Tangible Assets 6 2,867 3,823
CURRENT ASSETS
Stocks 7 2,174 2,697
Debtors 8 4,308 7,509
Cash at Bank and in Hand 27,084 28,174
33,566 38,380
CREDITORS: AMOUNTS FALLING
DUE WITHIN ONE YEAR 9 2,718 2,583
NET CURRENT ASSETS30,84835,797
NET ASSETS£33,715£39,620
CAPITAL AND RESERVES
Unrestricted Funds 32,430 37,907
Restricted Funds 10 1,285_1,713
TOTAL FUNDS£33,715£39,620
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 2022
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) 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.
c) 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.
d) 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.
MARILYN BAKER MINISTRIES9
NOTES TO THE ACCOUNTS (Continued)
FOR THE YEAR ENDED 31ST DECEMBER 2022
e) Tangible Fixed Assets and Depreciation
Depreciation is provided on tangible fixed assets at the
following annual rates in order towrite off the cost,
estimated residual value, of each asset over its expected
useful life:-
Equipment – 25% on net book value
Motor Vehicles – 25% on net book value.
f) Stocks
Stocks are valued at the lower of cost and net realisable value.
g) Debtors
Debtors (including Trade Debtors) are measured at transaction
price (which is usually the invoice price) less any impairment
for bad and doubtful debts.
h) 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 2022
j ) Taxation
The trust is not liable to taxation on the net revenue
arising from its activities nor on its investment income.
Unrestricted Restricted 31.12.21
Funds Funds Total Total
____
£ £ £ £
2. COSTSOF GENERATING FUNDS
Purchases of Books,
Tapes and Compact Discs £1,179 -__ £1,179 £2,372
MARILYN BAKER MINISTRIES 11
NOTES TO THE ACCOUNTS (Continued)
FOR THE YEAR ENDED 31[ST] DECEMBER 2022
<---Year Ended 31.12.22 ----→Year Ended |
<---Year Ended 31.12.22 ----→Year Ended |
<---Year Ended 31.12.22 ----→Year Ended |
||
|---|---|---|---|---|
Unrestricted Restricted 31.12.21 |
||||
_ |
Funds |
Funds Total_ Total__ |
||
£ |
£ £ £ |
|||
3. |
CHARITABLE ACTIVITIES |
|||
Direct Costs of Charitable |
||||
Activities: |
||||
Salaries & Employers’ NI |
35,369 |
- 35,369 34,169 |
||
Pension Costs |
1,658 |
- 1,658 1,659 |
||
Event Expenses |
- |
- - 100 |
||
Bursary Payment |
- |
- - - |
||
£37,027 |
£ - £37,027 £35,928 |
|||
Analysis of Support Costs: |
||||
Salaries & Employers’ NI |
12,156 |
- 12,156 11,505 |
||
Pension Costs |
608 |
- 608 575 |
||
Motor Expenses |
2,391 |
- 2,391 2,087 |
||
Travel Costs |
62 |
- 62 201 |
||
Insurance and Copyright |
915 |
- 915 914 |
||
Repairs & Maintenance |
- |
- - - |
||
Printing, Postage, |
||||
Stationery, Computer |
||||
Software & Consumables |
831 |
- 831 2,373 |
||
Telephone |
81 |
- 81 91 |
||
Depreciation |
528 |
428 956 1,274 |
||
Loss on Disposal of Assets |
- |
- - - |
||
Advertising & Marketing |
3,300 |
- 3,300 3,975 |
||
Subscriptions |
926 |
- 926 1,034 |
||
Payroll Charges (paid to |
||||
the Independent examiner) |
360 |
- 360 360 |
||
Use of Premises |
- |
- - - |
||
Bank Charges |
100 |
- 100 405 |
||
Sundry Expenses |
450 |
- 450 200 |
||
Hire of Hall |
- |
- - - |
||
£22,708 |
£428 £23,136 £24,994 |
|||
Totals |
£59,735 |
£428£60,163£60,922 |
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 2022
5. STAFF COSTS AND NUMBERS
Gross Salaries 47,525 45,674
Employer’s National Insurance - -
Employer’s Pension Contributions 2,266 2,234
£49,791 £47,908
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 2022 38,829 11,222 50,051
Additions - - -
Disposals - - -
At 31[st] December 2022 £38,829 £11,222 £50,051
Depreciation
At 1st January 2022 36,752 9,476 46,228
Eliminated on Disposal - - -
Charge for the year _521 435956
At 31st December 2022 £37,273 £ 9,911 £47,184
Net Book Value
At 31st December 2022 £ 1,556 £ 1,311£ 2,867
At 31st December 2021 £ 2,077 £ 1,746£ 3,823
MARILYN BAKER MINISTRIES 13
NOTES TO THE ACCOUNTS (Continued)
FOR THE YEAR ENDED 31ST DECEMBER 2022
2022 2021
7. STOCKS
Books, Tapes and Compact Discs £2,174 £2,697
8. DEBTORS
Trade Debtors - 36
Tax Recoverable 3,038 6,261
Prepayments 1,270 1,212
Other Debtors - -
£4,308 £7,509
9. CREDITORS: AMOUNTS FALLING
DUE WITHIN ONE YEAR
Trade Creditors - 60
Accruals 1,800 1,800
Other Creditors 918723
£2,718 £2,583
Unrestricted Restricted 2022 2021
Funds____ Funds___ Total Total
10. ANALYSISOF FUNDS
Tangible Fixed Assets 1,582 1,285 2,867 3,823
Net Current Assets 30,848 - 30,84835,797
Totals £32,430 £1,285 £33,715£39,620
MARILYN BAKER MINISTRIES 14
NOTES TO THE ACCOUNTS (Continued)
FOR THE YEAR ENDED 31ST DECEMBER 2022
11. RESTRICTED FUNDS
Van Fund 1,713 - 428 - 1,285
Bursary Fund - - - - _ -
-
Totals £1,713 £ £ 428 £ - £1,285
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 £2,266 (2021 –
£2,233). Contributions totalling £238 (2021 – £332) 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 (2021
None).
MARILYN BAKER MINISTRIES15
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES
OF MARILYN BAKERV MINISTRIES
FOR THE YEAR ENDED 31ST DECEMBER 2022
I report to the trustees on my examination of the accounts of Marilyn
Baker Ministries(the Trust) for the year ended 31[st] December 2022, 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.
Signed:
Name: Paul Baker
FAIA
Address: 50a Clifford Way
Maidstone
Kent ME16 8GD
Dated: