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|||||Page||
|---|---|---|---|---|---|
|Report ofthe Trustees||||||
|Independent<br>Examiner's||Report||||
|Statement ofFinancial||Activities||||
|Balance Sheet|||4|to|5|
|Notes to the Financial|Statements||6|to|12|
|Detailed Statement of|Financial Activities|||13||





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|Statemen<br>ofFin<br>ial A tivities<br>o<br>Y||||||
|---|---|---|---|---|---|
|||||31.12.20|31.12.19|
|||Unrestricted|Restricted|Total|Total|
|||fund|funds|funds|funds|
||Notes|||||
|INCOME AND ENDOWMENTS FROM||||||
|Donations<br>and legacies||42,648|15|42,663|43,339|
|EXPENDITURE ON||||||
|Raising funds||9,721||9,721|6,237|
|Charitable<br>activities||||||
|Ministry<br>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<br>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<br>es Tabernacle<br>~logic<br>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<br>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<br>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<br>funds||||15,391|15,922|
|Restricted funds||||211,450|225,497|
|TOTALFUNDS||||226,841|241,419|





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



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|The average monthly<br>number ofem|ployees<br>during<br>the year was as f|ollows:|||
|---|---|---|---|---|
||||31.12.20|31.12.19|
|Ministerial<br>staff (wages/fees)|||1|1|
|No employees<br>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<br>and legacies||41,714|1,625|43,339|
|EXPENDITURE ON|||||
|Raising funds||6,112|125|6,237|
|Charitable<br>activities|||||
|Ministry<br>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<br>between funds||(19,179)|19,179||
|Net movement<br>in funds||(1,502)|(13,451)|(14,953)|
|RECONCILIATION<br>OF FUNDS|||||
|Total funds brought forward||17,424|238,948|256,372|
|TOTAL FUNDS CARRIED FORWARD||15,922|225,497|241,419|





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|TANGIBLE FIXEDAS|SETS||||||
|---|---|---|---|---|---|---|
||||Improvements|Fixtures|||
|||Freehold|to|and|Computer||
|||property<br>f|property|fittings<br>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<br>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<br>falling due within one year on demand:||||
||Bank loans||8,588|7,971|
||Amounts<br>falling between one and two years:||||
||Bank loans<br>—1-2years||8,932|8,289|
||Amounts<br>falling due between two and five years:||||
||Bank loans - 2-5 years||28,997|26,911|
||Ainounts<br>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<br>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||||



|MOVEM|ENT|IN FUNDS|||||
|---|---|---|---|---|---|---|
|||||Net|Transfers||
|||||movement|between|At|
||||At 1.1.20|in funds|funds|31.12.20|
||||||f||
|Unrestricted||funds|||||
|General|fund||15,922|13,472|(14,003)|15,391|
|Restricted funds|||||||
|Building|Fund||||||
||||219,834|(28,050)|16,355|208,139|
|Welfare|Fund||||||
||||3,163||(102)|3,061|
|Klar Prospects||Project|2,500||(2,250)|250|
||||225,497|(28,050)|14,003|211,450|
|TOTAL|FUNDS||241,419|(14,578)||226,841|





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||||||Incoming|Resources|Movement|
|---|---|---|---|---|---|---|---|
||||||resources|expended|in funds|
||||||||8|
|Unrestricted||funds||||||
|General|fund||||42,648|(29,176)|13,472|
|Restricted funds||||||||
|Building|Fund|||||||
||||||15|(28,065)|(28,050)|
|TOTAL|FUNDS||||42,663|(57,241)|(14,578)|
|Comparatives||for movement|in funds|||||
||||||Net|Transfers||
||||||movement|between|At|
|||||At 1.1.19|in funds|funds|31.12.19|
|||||f||||
|Unrestricted||funds||||||
|General|fund|||17,424|17,677|(19,179)|15,922|
|Restricted funds||||||||
|Building|Fund|||||||
|||||231,164|(32,380)|21,050|219,834|
|Welfare|Fund|||||||
|||||3,113|(250)|300|3,163|
|Klar Prospects||Project||4,671||(2,171)|2,500|
|||||238,948|(32,630)|19,179|225,497|
|TOTAL|FUNDS|||256,372|(14,953)||241,419|





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|||||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|





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|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds<br>I|
|Unrestricted|funds||||
|General fund||84,362|(53,213)|31,149|
|Restricted funds|||||
|Building Fund|||||
|||1,640|(62,070)|(60,430)|
|Welfare Fund|||||
||||(250)|(250)|
|||1,640|(62,320)|(60,680)|
|TOTALFUNDS||86,002|(115,533)|(29,531)|



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|f rtheY<br>En|1D|m<br>r2|||
|---|---|---|---|---|
||||31.12.20|31.12.19|
|INCOME AND ENDOWMENTS|||||
|Donations and legacies|||||
|Tithes|||22,920|14,177|
|Offering|||15,031|15,241|
|Thanksgiving|||820|1,864|
|Donations|||3,892|12,057|
||||42,663|43,339|
|Total incoming resources|||42,663|43,339|
|EXPENDITURE|||||
|Raising donations|and|legacies|||
|Wages and fees|||8,212|5,611|
|Social security|||708|212|
|Ministry<br>expenses|||801|414|
||||9,721|6,237|
|Charitable<br>activities|||||
|Wages|||8,212|5,611|
|Social security|||708|212|
|Building/combined|Insurance||2,686|2,495|
|Cennnl office costs|||2,215|2,056|
|Telephone|||1,029|994|
|Subscriptions|||530|395|
|Honoraria||||250|
|Other insurances|||216|216|
|Childrens<br>ministry||||29|
|Bank charges|||150|260|
|Repairs and maintenance|||2,451|9,738|
|Depreciation oftangible||fixed assets|22,116|22,303|
|Bank loan interest|||6,307|6,596|
||||46,620|51,155|
|Support costs|||||
|Governance<br>costs|||||
|Accountancy<br>and legal||fees|900|900|
|Total resources expended|||57,241|58,292|
|Net expenditure|||(14,578)|(14,953)|