Re istered Charit No.326553 MARILYN BAKER MIN15TRIES ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024
MARILYN BAKER MINISTRIES CONTENTS OF THE REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024 Pa General Information Trustees, Report Statement of Financial Activities Balance Sheet Notes to the Accounts 8-13 Independent Examinerfs Report 14
MARILYN BAKER MINISTRIES GENERAL INFORMATION FOR THE YEAR ENDED 31ST DECEMBER 2024 Registered Number: Charity Number 326553 Workin8 Name: MBM Trustees: Valerie Meade (Chairperson) Andrew Meade Ron Seale Desmond Hillary His Honour Charles Wade Administrator: Rachel Barr Principal Office: PO Box 393 Tonbridge Kent TN9 9AY Telephone: Email: Website: 01732 850855 info@mbm-ministries.org www.mbm-ministries.org Independent Examiner: Paul Baker FAIA Applied Accountancy Limited 50a Clifford Way Maidstone Kent ME16 8GD Bankers.. Lloyds Bank plc 82 Mount Pleasant Road Tunbridge Wells Kent TNI IRP
MARILYN BAKER MINISTRIES TRUSTEES, REPORT FOR THE YEAR ENDED 31ST DECEMBER 2024 The trustees present their report and the accounts for the year ended 31st December 2024. STRucfuRE GOVENANCE A14D MANAGEMENT Governin Document The charitable trust was constituted by a Trust Deed made on l January 1984 as varied by a Deed of Amendment dated 10 May 1984 and was re8lStered with the Charity Commission on 9 July 1984. Trustees The trustees who served throughout the year were as follows:. Valerie Meade Andrew Meade Ron Se31e Oesmond Hillary His Honour Charles Wade (appointed 25 Ottober 20241 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. rneetings are usually attended by members of the team. who, although entering into some of the discussion. have no voting rights. Admlnlstratlon Bookings for concerts, conferences and the day to day running of the principal office are handled by the Administrator.
MARILYN BAKER MINISTRIES TRUSTEES, REPORT Continued FOR THE YEAR ENDED 31ST DECEMBER 2024 OBJECTIVES AND AcfiviTIES Princi al Ob"ectlves The aims of the trust are: lil to promote the communication of evangelical Christian faith through music, songs and the spoken word. Illl to provide spiritual teaching. advice, encouragement and counsel, lili} to promote meetings, services and concerts. Artivilies 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 5eNlces of volunteers particularly with regords to driving to events 15 greatly appreciated. The trustees have complied with the dvty 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 plannin8 our future activities. FINANCIAL PERFORMANCE The trust is reliant upon Eifts and donations from supporters, which raised £58,499 {2023: £57,766) during the year. In addition. the Sale of books. compact disc5 and sundry items generated income of £2.88512023: £5,211). Total income for the year was £61.38412023: £62.9771. Total expenditure was £65.126 {2023.. £67,539) giving rise to an overall deficit of £13,742112023- deficit £14.56211. Income 8enerated is expended on the publication of books and compact discs. The level of expenditure 15 related to the income received. The trustees give th3nk5 for all the prayer, finance and practical 5UPPOrt given to the trust. RESERVES POLICY The Trustees consider reserve5 of between three and six months, expenditure to be required for the stability of the trust, whlch Should be between £16,282 and £32,56312023.. £16,985 and £33,770). At 31 December 2024, free reserves were £23,79912023- £27,003), calculated as net assets less fixed assets and restricted funds. The Trustees consider the Trust to be a going concern.
MARILYN BAKER MINISTRIES TRUSTEES. REPORT Continued FOR THE YEAR ENDEO 31ST DECEMBER 2024 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. STATEMETrif 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: selert suitable accounting policies and then apply them con515tentlv* make jud8ements and estimates that are reasonable and prudent; prepare account5 on the going concern basis unless it is inappropriate to presume that the charity will continue to funaion 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 account5 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 takin8 reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the trustees on and signed on their behalf. Valerie Meade Chair erson
MARIYN BAKER MINISTRIES STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 31ST DECEMBER 2024 <-__Year Er)ded 31.12.24-_> Year Ended Unre5trirted Restricted Funds Funds 31.12.2 Total Note Total INCOMING RESOURCES Incoming Resources from Generated Fvnds.. Donatlons and Grants 58,499 58,499 57,766 Activitie5 for Generating Funds.. Sale of Books, Tapes & CD'S 2,885 2,885 5,211 Other Income Total Incomin8 Resources 61,384 61,384 62,977 RESOURCES EXPENDED Costs of Generating Funds Charitable Activities Governallce Costs 359 63.464 1,062 359 2,635 63,704 1,200 241 63,705 1,062 Total Resources Expended 64,885 241 65,126 67.539 NET MOVEMENT IN FUNDS 13,5011 12411 13,7421 14.5621 FUND5 BROUGHT FORWARD 28,189 964 29,153 33,715 TRANSFERS BETWEEN FUNDS FUNDS CARRIED FORWARD 24,688 723 25,411 29,153 The ststement of flnancial activities Includes all galns and losses in the year. All incoming resources and resources expended derive from continuing activities.
MARIYN BAKER MIN15TRIES BALANCESHE FOR THE YEAR ENDED 31ST DECEMBER 2024 Note 31.12.24 31.12.23 FIXED ASSETS Tangible Asset5 1,612 2,150 CURRENT ASSETS Stocks 1,771 4,546 2,378 4,709 Debtors Cash at Bank and in Hand 20,073 23,088 26,390 30.175 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2,591 3,172 NET CURRENT ASSETS 23,799 27.003 NET ASSErs 25,411 29,153 CAPITAL AND RESERVES Unrestricted Funds 24,688 28,189 Restricted Funds li 723 964 TOTAL FUNDS io 25,411 29,153 The accounts were approved by the trustees on and signed on their behalf Valerie Meade
MARIYN BAKER MII4ISTRIES NOTES TO THE Accouf4TS FOR TWE YEAR ENDED 31ST DECEMBER 2024 I. ACCOUNTING POUCIES al Aecountln Basis The accounts have been prepared under the historical cost conventiors and in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities prepèring their account5 in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued 16 July 2014 and with the Charities Act 2011. th bl Fund Accountln Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objertive5 of the charity. Restrirted Funds are subjected to re5trictlons on their expenditure imposed by the donor or through the terms of an appeal. Incomin Resources All incoming resources are included in the statement of financial activities when the tharity is entitled to the income and the amount can be quantified with reasonable accuracy. Resources Ex nded Expenditure is recogni5ed on an accruals basis as a liability Is incurred. It is reported as part of the expenditure to which it relates: Costs of generating f unds 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 meetin8 the constitutional and statutory requirements of the charity. The trustee5 consider the allocation of support costs to the cost5 of generating funds to be immaterial. 'ble Fixed Assets and De eciation 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:_ Motor Vehicles - 25% on net book value. Equipment- 25% on net book value Stock Stocks are valued at the lower of c05t and net realisable value.
MARIYN BAKER MINISTRIES NOTES TO THE ACCOUNTS Contlnued FOR THE YEAR ENDED 31ST DECEMBER 2024 8) Debtors Debtors lincluding Trade Debtors) are measured at transaction price Iwhich is usually the invoice pricel less any impairment for bad and doubtful debts. h) Credltors Short term creditors are measured at transaction price (which is usually the invoice pricel. i} Taxatlon The trust is not liable to taxation on the net revenue arisin8 from its activities nor on its investment income. <-__Year Ended 31.12.24-_> Year Ended Unrestricted Funds Restricted Funds 31.12.23 Total Total 2. COSTS OF GENERATING FUND5 Purchases of Books, Tapes and Compact Discs 359 359 2,635
io MARIYN BAKER MINISTRIES NOTES TO THE ACCOUNTS Continued FOR THE YEAR ENDED 31ST DECEMBER 2024 -year Ended 31.12.24-__> Year Ended Unrestricted Restricted Funds Funds 31.12.23 Total Total 3. CHARITABLE AcnviTIES Direct Costs of Charitable Activities- Salarles & Employers, Nl Pension Costs 29,329 1,466 29,329 1,466 35,206 1,744 550 Event Expenses 30,795 30,795 37,500 Analysi5 of Support Costs: Salaries & Employer5, Nl Pension Costs 14,590 730 14,590 730 13,431 672 Motor Expenses Travel Costs Insurance and Copyright Repairs & Maintenance Printing, Postage. Stationery, Computer Software & Consumables Web Design Telephone Depreciation Loss on Disposal of Assets Advertising & Marketin8 Subscriptions 2,941 81 2,941 81 2,408 151 720 665 665 857 2,070 57 857 427 2,070 57 65 297 241 538 717 7,812 7,812 5,600 1,733 1,733 1,292 Payroll Charges Ipaid to Independent examiner) Use of Premises Bank Charges Sundry Expenses Hire of Hall 360 360 378 336 336 140 343 140 32.669 241 32,910 26,204 Totals 63,464 241 63,705 63.704 4. GOVERNANCE COSTS Independent Examiner's Fee 1,062 1,062 1,200
li MARIYN BAKER MINISTRIES NOTES TO THE ACCOUNTS Continued FOR THE YEAR ENDED 31ST DECEMBER 2024 5. STAFF COSTS AND NUMBERS 2024 2023 Gross Salarie5 43.919 48,637 Employer's National Insurance Employer's Pension Contributions 2,196 2,416 46,115 51,053 The average number of employees was as follows'.- Activities in the furtherance of the charity's activities Support Staff No employee received remuneration at higher levels as defined in the Charitie5 statement of Recommerkded Practice IFRS 1021 as above £60,000. 6. TANGIBLE FIXED ASS5 Motor Cost ui Total At 1st January 2024 Additions 38.829 11.222 50,051 Disposals At 31st December 2024 38,829 11,222 50.051 De reciation At IstJanuary 2024 Eliminated on Disposal 37,662 10,239 47.901 Charge for the year 292 246 538 At 315t December 2024 37,954 10,485 48.439 Net Book Value At 31st December 2024 875 737 1,612 At 31st December 2023 1,167 983 2,150
12 MARIYN BAKER MINISTRIES NOTES TO THE ACCOUNTS Contlnued FOR THE YEAR ENDED 31ST DECEMBER 2024 2024 2023 7. STOCKS Books. Tapes and Compact Discs 1,771 2,378 2024 2023 8. DEBTORS Trade Debtors Tax Recoverable Prepayments Other Debtors 3,357 1,189 3,528 1,181 4,546 4,709 9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONEYEAR 2024 2023 Trade Creditors Accruals Other Creditors 2,088 503 2,591 2,327 845 3,172 10. ANALYSIS OF FUNDS Unrestricted Restrirted Funds Funds 2024 Total 2023 Total Tangible Fixed Assets Net Current Assets 889 723 1.612 2.150 23.799 23.799 27,003 Totals 24,688 723 25,411 29,153
13 MARIYN BAKER MINISTRIES NOTES TO THE ACCOUNTS Continued FOR THE YEAR ENDED 31ST DECEMBER 2024 11. RESTRIED FUNDS At 1.1.24 Income Expenses Transfers At 31.12.24 Van Fund Bursary Fund 964 241 723 Totals 964 241 723 The Bursary Fund provided finantial 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 wa5 purchased in June 2015. 12. TRANSAcfioNS WITH TRUSTEES No trustee received any remuneration or were reimb4Arsed 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 contribution5 payable by the charity to the lunds and amounted to £2,19612023- £2,426). Contributions totalling £15012023- £4241 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 period12023 Nonel.
14 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF MARILYN BAKER MINISTRIES FOR THE YEAR ENDED 31ST DECEMBER 2024 I report to the trustees on my examination of the accounts of Marilyn Baker Ministrieslthe Trust) for the year ended 31" December 2024, 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 20111.the Act'l. 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 Direttions given by the Charity Commission under sertion 14515llbl 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 exarnination giving me cause to believe that in any material respect.. 111 accounting record5 were not kept in respect of the Trust as required by section 130 of the Act: or 121 the accounts do not accord with those records,, or 131 the accounts do not cumply with the applicable reqvirements concerning the form and content of accounts set out in the Charlties (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 account5 to be reached. Signed.. Name: Paul Baker FAIA Address: 503 Clifford Way Maidstone Kent ME16 8GD