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← Marilyn Baker Ministries

2023-12-31-accounts

ra

Registered Charity No.

326553

MARILYN BAKER MINISTRIES

ANNUAL REPORT AND ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

MARILYN BAKER MINISTRIES

°

1

CONTENTS OF THE REPORT AND ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

Page Page
General
Information		 2
Trustees’
Report		 3 - 5
Statement
of
Financial Activities		 6
Balance
Sheet		 7
Notes
to
the Accounts		 8 - 14
IndependentExaminer’sReport 15

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MARILYN BAKER MINISTRIES

GENERAL INFORMATION

FOR THE YEAR ENDED 31ST DECEMBER 2023

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
SAY
Telephone: 01732
850855
Email: info@mbm-ministries.org
Website: www.mom-ministries.org
Independent Examiner: Paul Baker FAIA
Applied Accountancy Limited
50a Clifford Way
Maidstone
Kent ME16
8GD
Bankers: Lloyds TSB ple
121 High Street
Tonbridge
Kent
TN9
1DB

ae

MARILYN BAKER MINISTRIES

3

TRUSTEES’ REPORT

FOR THE YEAR ENDED 31ST DECEMBER 2023

The trustees present their report and the accounts for the year ended 31st December 2023.

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.

a

MARILYN BAKER MINISTRIES

4

TRUSTEES’ REPORT (Continued)

FOR THE YEAR ENDED 31ST DECEMBER 2023

OBJECTIVES AND ACTIVITIES

Principal Objectives

The aims of the trust are:

(1) to promote the communication of evangelical Christian faith through music, songs and the spoken word, (11) 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 £57,766 (2022: £53,869) during the year. In addition, the sale of books, compact discs and sundry items generated income of £5,211 (2022: £2,708). Total income for the year was £62,977 (2022: £56,577). Total expenditure was £67,539 (2022: £62,482) giving rise to an overall deficit of £(4,562) (2022: deficit £(5,905)). 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 £16,985 and £33,770 (2022: £15,620 and £31,240). At 31 December 2023, free reserves were £27,003 (2022: £30,848), calculated as net assets less fixed assets and restricted funds. The Trustees consider the Trust to be a going concern.

4

MARILYN BAKER MINISTRIES

5

TRUSTEES’ REPORT (Continued)

FOR THE YEAR ENDED 31ST DECEMBER 2023

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:

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

x

6

MARIYN BAKER MINISTRIES

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31ST DECEMBER 2023

<---Year Ended <---Year Ended 31.12.23 ----3 Year Ended
Unrestricted Restricted SilelZeZ2
Note Funds Funds Total Total
£ + £ £
INCOMING
RESOURCES
Incoming Resources
from
Generated
Funds:
Donations
and Grants		 57,766 - 57,766 53,869
Activities
for Generating
Funds:
Sale of Books,
Tapes
and Compact Discs 5,211 - 5,211 2,708
Other
Income		 - - - =
Total
Incoming Resources		 62,977 - 62,977 56,577
RESOURCES
EXPENDED
Costs of Generating Funds 2 2,635 = 2,635 1,179
Charitable Activities 3 63,383 321 63,704 60,163
Governance Costs 4 1,200 - 1,200 1,140
Total Resources Expended 67,218 321 67,539 62,482
NET MOVEMENT
IN FUNDS		 (4,241) (321) (4,562) (5,905)
FUNDS BROUGHT FORWARD 32,430 1,285 33,715 39,620
TRANSFERS
BETWEEN
FUNDS		 = = = -
FUNDSCARRIEDFORWARD £28,189 £ 964 £29,153 £33,115

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 2023

Note 31.12.23 31.12.23 31.12.22
£ £ £, £
FIXED ASSETS
Tangible Assets 6 2,150 2,867
CURRENT ASSETS
Stocks 7 2,378 2,174
Debtors 8 4,709 4,308
Cash at Bank and in Hand 23,088 27,084
30,175 33,566
CREDITORS: AMOUNTS
FALLING
DUE WITHIN ONE YEAR 9 3,172 2,718
NET CURRENT ASSETS 27,003 30,848
NET ASSETS £29,153 £33, 015
CAPITAL AND RESERVES
Unrestricted Funds 28,189 32,430
Restricted Funds 10 964 1,285
TOTAL FUNDS £29,153 £33,715
Theaccountswereapproved bythe trustees on andsigned on

The accounts were approved by the trustees on their behalf

Valerie Meade

MARILYN BAKER MINISTRIES

8

NOTES TO THE ACCOUNTS

.

FOR THE YEAR ENDED 31ST DECEMBER 2023

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 16t® July 2014 and with the Charities Act 2011.

b) Fund Accounting

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.

The trustees consider the allocation of support costs to the costs of generating funds to be immaterial.

MARILYN BAKER MINISTRIES

9

NOTES TO THE ACCOUNTS (Continued)

FOR THE YEAR ENDED 31ST DECEMBER 2023

e) 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.

£) Stocks

f

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 315' DECEMBER 2023

3) Taxation

The trust is not liable to taxation on the net revenue arising from its activities nor on its investment income.

<---Year Ended <---Year Ended 31.12.23 ----3 Year Ended
Unrestricted Restricted 31.12.22
Funds Funds Total Total
£ £ £ £
2. COSTS OF GENERATING FUNDS
Purchases of Books,
Tapes and CompactDiscs £2,635 = £2,635 £1,179

11

MARILYN BAKER MINISTRIES

NOTES TO THE ACCOUNTS (Continued)

FOR THE YEAR ENDED 3157 DECEMBER 2023

<---Year <---Year Ended 31.12.23 ----3 Year Ended
Unrestricted Restricted 31.12.22
Funds Funds Total Total
£ £ £ £
3. CHARITABLE ACTIVITIES
Direct
Costs
of		 Charitable
Activities:
Salaries
& Employers’		 NI 35,206 - 35,206 35, 369
Pension Costs 1,744 - 1,744 1,658
Event Expenses 550 = 550 =
Bursary Payment = = = =
£37,500 £ - £37,500 £37,027
s
Analysis
of Support Costs:
Salaries
& Employers’		 NI 13,431 - 13,431 12,156
Pension Costs 672 - 672 608
Motor Expenses 2,408 - 2,408 2,391
Travel
Costs		 151 - 151 62
Insurance and Copyright 720 - 720 915
Repairs
& Maintenance		 - = = =
Printing,
Postage,
Stationery,
Computer
Software
&
Consumables		 427 = 427 831
Telephone 65 = 65 81
Depreciation 396 321 717 956
Loss
on Disposal		 of Assets = = - -
Advertising
& Marketing		 5,600 = 5,600 3,300
Subscriptions 1,292 - 1,292 926
Payroll Charges (paid to
the Independent examiner) 378 - 378 360
Use
of
Premises		 - - - -
Bank Charges 343 - 343 100
Sundry Expenses - = = 450
Hire
of Hall		 - = = a
£25,883 £321 £26,204 £23,136
Totals £63,383 £321 £63,704 £60,163
4. GOVERNANCE COSTS
IndependentExaminer’s Fee £1,200 i. £1,200 £1,140
  1. GOVERNANCE COSTS

MARILYN BAKER MINISTRIES

12

NOTES TO THE ACCOUNTS (Continued)

FOR THE YEAR ENDED 31ST DECEMBER 2023

2023 2022
5. STAFF COSTS AND NUMBERS
Gross
Salaries		 48,637 47,525
Employer’s National Insurance = =
Employer’s Pension Contributions 2,416 2,266
£51,053 £49,791
The average number of employees
was
as
follows:-
Activities in
the		 furtherance
of the charity’s activities 4 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
lst		 January 2023 38,829 11,222 50,051
Additions - - -
Disposals = = =
At
318t		 December 2023 £38,829 £11,222 £50,051
Depreciation
At
lst		 January 2023 37,273 9,911 47,184
Eliminated on Disposal - - -
Charge for the year 389 328 717
At
31st		 December 2023 £37,662 £10,239 £47,901
Net
Book Value
At 31st December 2023 £ 1,167 £ 983 £ 2,150
At31st December2022 £ 1,556 £1,311 £2,867

13

MARILYN BAKER MINISTRIES

NOTES TO THE ACCOUNTS (Continued)

FOR THE YEAR ENDED 31ST DECEMBER 2023

2023 2022
7. STOCKS
Books,
Tapes and Compact Discs		 £2,378 £2,174
8. DEBTORS
Trade
Debtors		 - -
Tax Recoverable 3,528 3,038
Prepayments 1,181 1,270
Other
Debtors		 = -
£4,709
sity		 £4,308
otORCAS)
9. CREDITORS:
AMOUNTS FALLING
DUE WITHIN ONE YEAR
Trade
Creditors		 — -
Accruals 2,327 1,800
Other Creditors 845 918
£3,172 £2,718
Unrestricted Restricted 2023 2022
Funds Funds Total Total
10. ANALYSIS OF FUNDS
Tangible Fixed Assets 1,186 964 2,150 2,867
Net Current Assets 27,003 - 27,003 30,848
Totals £28,189 £ 964 £29,153 £33,715

MARILYN BAKER MINISTRIES

14

NOTES TO THE ACCOUNTS (Continued)

FOR THE YEAR ENDED 31ST DECEMBER 2023

At
1.1.23		 Income Expenses Transfers Transfers At 31.12.23
11. RESTRICTED FUNDS
Van
Fund		 1,285 - 321 _ 964
Bursary Fund = - - - -
Totals £1,285 £ = £321. £ = £964

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 £2,426 (2022 - £2,266). Contributions totalling £424 (2022 - £238) 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 (2022 None).

MARILYN BAKER MINISTRIES

15

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF MARILYN BAKERV MINISTRIES

FOR THE YEAR ENDED 31ST DECEMBER 2023

I report to the trustees on my examination of the accounts of Marilyn Baker Ministries(the Trust) for the year ended 318t December 2023, 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:

(2) the accounts do not accord with those records; or

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: Ql l Name: Paul Baker FATA Address: 50a Clifford Way Maidstone Kent ME16 8GD Dated: RG/b/2A024