2020-12-31-accounts - Milton Keynes Tabernacle

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Statemen ofFin ial A tivities o Y
				31.12.20	31.12.19
		Unrestricted	Restricted	Total	Total
		fund	funds	funds	funds
	Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies		42,648	15	42,663	43,339
EXPENDITURE ON
Raising funds		9,721		9,721	6,237
Charitable activities
Ministry and church costs
		19,455	28,065	47,520	52,055
Total		29,176	28,065	57,241	58,292
NET INCOME/(EXPENDITURE)		13,472	(28,050)	(14,578)	(14,953)
Transfers between funds	12	(14,003)	14,003
Net movement in funds		(531)	(14,047)	(14,578)	(14,953)
RECONCILIATION OFFUNDS
Total funds brought forward		15,922	225,497	241,419	256,372
TOTAL FUNDS CARRIED FORWARD		15,391	211,450	226,841	241,419

Milton Ke es Tabernacle ~logic 3l32gcmttber 2020
				31.12.20	31.12.19
		Unrestricted	Restricted	Total	Total
		fund	funds	funds	funds
	Notes	g
FIXEDASSETS
Tangible assets		1,091	360,017	361,108	383,223
CURRENT ASSETS
Debtors		16,005		16,005	12,128
Cash at bank and in hand		2,977	7,791	10,768	15,166
		18,982	7,791	26,773	27,294
CREDITORS
Atnounts falling due within one year	8	(4,682)	(8,590)	(13,272)	(12,791)
NET CURRENT ASSETS		14,300	(799)	13,501	14,503
TOTAL ASSETSLESSCURRENT
LIABILITIES		15,391	359,218	374,609	397,726
CREDITORS
Amounts falling due afier more than one year	9		(147,768)	(147,768)	(156,307)
NET ASSETS		15,391	211,450	226,841	241,419
FUNDS	12
Unrestricted funds				15,391	15,922
Restricted funds				211,450	225,497
TOTALFUNDS				226,841	241,419

Freehold	property	4%on cost
Fixtures	and fittings	25%on reducing balance
Computer	equipment	25%on reducing balance

The average monthly number ofem	ployees during the year was as f	ollows:
			31.12.20	31.12.19
Ministerial staff (wages/fees)			1	1
No employees received emoluments	in excess off60,000.
COMPARATIVES FOR THK STATEMENT OF FINANCIAL		ACTIVITIES
		Unrestricted	Restricted	Total
		fund	funds	funds
				8
INCOME AND ENDOWMENTS	FROM
Donations and legacies		41,714	1,625	43,339
EXPENDITURE ON
Raising funds		6,112	125	6,237
Charitable activities
Ministry and church costs
		17,925	34,130	52,055
Total		24,037	34,255	58,292
NET INCOME/(EXPENDITURE)		17,677	(32,630)	(14,953)
Transfers between funds		(19,179)	19,179
Net movement in funds		(1,502)	(13,451)	(14,953)
RECONCILIATION OF FUNDS
Total funds brought forward		17,424	238,948	256,372
TOTAL FUNDS CARRIED FORWARD		15,922	225,497	241,419

TANGIBLE FIXEDAS	SETS
			Improvements	Fixtures
		Freehold	to	and	Computer
		property f	property	fittings 8	equipment	Totals
COST
At 1 January 2020 and
31Decetnber 2020		343,874	184,294	28,151	10,047	566,366
DEPRECIATION
At 1 January 2020		138,222	18,866	16,712	9,343	183,143
Charge for year		13,755	7,371	814	175	22,115
At 31December 2020		151,977	26,237	17,526	9,518	205,258
NET BOOK VALUE
At 31December 2020		191,897	158,057	10,625	529	361,108
At 31December 2019		205,652	165,428	11,439	704	383,223
DEBTORS:AMOUNTS	FALLING DUE WITHIN ONE YEAR
					31.12.20	31.12.19
Other debtors					1,700	1,700
Prepayments and accrued	income				14,305	10,428
					16,005	12,128
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
					31.12.20	31.12.19
Bank loans and overdratts	(see note	10)			8,588	7,971
Trade creditors						3,856
Social security and other	taxes				3,395	63
Accrued expenses					1,289	901
					13,272	12,791

			31.12.20	31.12.19
	Bank loans (see note 10)		147,768	156,307
10.	LOANS
	An analysis ofthe maturity ofloans is given below:
			31.12.20	31.12.19
	Amounts falling due within one year on demand:
	Bank loans		8,588	7,971
	Amounts falling between one and two years:
	Bank loans —1-2years		8,932	8,289
	Amounts falling due between two and five years:
	Bank loans - 2-5 years		28,997	26,911
	Ainounts falling due in more than five years:
	Repayable by instalments:
	Bank loans more 5 yr by instal		109,839	121,107
11.	SECURED DEBTS
	The following secured debts are included	within creditors:
			31.12.20	31.12.19
			6	f.
	Bank loans		156,356	164,278
	The bank loan is secured by a legal charge on the freehold property,		in favour ofBarclays Bank pic.
12.	MOVEMENT IN FUNDS

				Incoming	Resources	Movement
				resources	expended	in funds
				f	8
Unrestricted		funds
General	fund			41,714	(24,037)	17,677
Restricted funds
Building	Fund
				1,625	(34,005)	(32,380)
Welfare	Fund
					(250)	(250)
				1,625	(34,255)	(32,630)
TOTAL	FUNDS			43,339	(58,292)	(14,953)
A current year		12months	and prior year 12months combined	position is as follows:
				Net	Transfers
				movement	between	At
			At 1.1.19	in funds	funds	31.12.20
Unrestricted		funds
General	fund		17,424	31,149	(33,182)	15,391
Restricted funds
Building	Fund
			231,164	(60,430)	37,405	208,139
Welfare	Fund
			3,113	(250)	198	3,061
Klar Prospects		Project	4,671		(4,421)	250
			238,948	(60,680)	33,182	211,450
TOTAL	FUNDS		256,372	(29,531)		226,841