REGISTERED COMPANY NUMBER: 05904686 IEngland and Wales)
REGISTERED CHARITY INUMBER: 1116499
nts for the Year Ended 31 Decem
for
ton Ke
es Tabernacle
Sherwoods Ltd
Chartered Certified A¢¢ountants
1st Floor
27 Shinvell Crescent
Furzton take
Miltoo K¢iTres
Bwkinghamshire
MK4 IGA

nKe
Conlents of
Statements
Pag¢
Report of the Tnjstees
IDd¢pendent Examinerfs Report
Stsiement of Financial Activities
Balance Sheet
Notes ¢0 the Financial Statements
6 to El
Detailed Statement of Financial A¢tivitie$
12

Milion Ke
rt of the Twstees
for the Year Ended 31 Decernber 2
The trustees who are also directors of the ¢lwity for the purposes of the Companies Aet 2(X)6, present their report Mrytb
the financial statements of the charity for the year ended 31 December 2023. Th¢ trustees have adopted the provisiojkq of
A¢counting and Reporttng by Charities: St&ternent of Rwommended Practice applicable to charities preparillg tILeiT
arxounts An accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)
{effeetive l January 2019).
OWECTIVES AND ACTIVITIES
Objeetives and alms
The advancement of the Christian religton and the relief of povetty worldwide.
STRUCTURE, GOVERNANCE AND MANAGEMENT
GowerDing document
The ¢hariry is controlled by its ¥overning docullwit, a (ked of trnst. and ConSti￿teS a limited company, limited by
guarantee, as d¢fined by the C¢)n]panies Act 2006.
RETrERENCE AND ADMINISTRATIVE DETAILS
Registered Company numbtr
05904686 {England and Wales)
Reglstered Charlty number
Il16499
Registered offite
Milton Keynes Tabernaele
North Street
New B￿dwell
Milton Keynes
Bucking1￿b]re
MK13 OEE
Trustees
Ms C A Runs¢w¢
Rey A L Adebiyi
Cotnpany Secretary
Mrs U T N￿￿ga
IndependeDt EumiDer
Shenvoods Ltd
Clw*red Certified Accountants
1st Floor
27 Shirwell Cre8¢ent
Furzton take
Milton Keynes
Buckinghamshire
MK4 IGA
Approved by order of the board of trustees on .. .. .. ......... .............
. and si8lled on its b¢half by.
Rev A L Adebiyi - T
Page I

Ind
dent Examinerfs R
Milton Ke
Tabernacle
to the T￿￿te¢S of
Indepertdtnt examiner's report to the trustees of Milton Keynes Tabermcle ('the Con)p*lly')
I rq￿rt to the charity ts￿slees on my examination of the attounts of the Conjparty for the year end¢d 31 D¢￿ber 2023.
Rwonslbl]illes basls of report
As the clwitys tnjsttts of the Company (and al80 its diT￿tOrS for the pUry)￿S of company law) you are reswjnsible for
the prepar4tioll of th¢ ￿¢0￿nts in arxordance with the requirements of the Companies Act 2006 Cthe 2006 Act).
Having satisfied myself that the accounts of the Con)pany are not required to be audited under Part 16 of the 2006 Act
and are eligible for indepe[￿ent examination, I report in respect of my exajnitiation of your Charitys aceouttts as cattied
out under Section 145 of the Charities Act 2011 I'the 2011 Act,). Ill caTrying out my examination I have follo￿d the
Directio￿$ given by tbe Clwity Commission under Section 145(5) (b) of the 2011 ACL
JDd¢pendent examiner's statement
I have co]npleted my ¢xamination. l coth that no matters have come to my attention iti eonneciion with the
¢xarnination giving me cause to believe..
aceounting reeords were not kept in respect of the Company as required by Section 386 of the 2006 Act. or
the accounts do not accord with those records: or
the accounts do noi comply with the accounting requir¢meDts of S¢¢tion 396 of the 2006 Act other than any
requiremettt that the accounts give a Irue and fair view which is not a matter considered as part of an itide￿t
¢xamination' or
accounts have noi been prepared in aceordance with the meth(￿5 at￿ principles of the Ststernent of
Recommended Practice for accounting and rcporting by charities (applicable to chari(ies preparing their accounts
in accordan¢e th¢ Financial Reporting Standard applicable in the UK and Republic of lTelaT￿ (FRS 102)).
I have no concems and have eojne aeross no other matters in ¢onn¢cti¢)n ￿7th the examination to which attention should
be thamm in this r¢p(Trrt in ord¢T io enable a proper understanding of the accounts to be reached.
Mrs R DoraA8
Shenvoods Ltd
Chartered Certified Aceoulltal
1st Floor
27 Shinyell Crescent
Furzton IAke
Milton Keynes
Buckinghamshire
MK4 IGA
Date:.............................................
Page 2

Milton Ke
Tabernacle
ment of Financial Activities
31.12.23
Total
fiu]ds
31.12.22
Total
fimds
Urjrestricted
fi￿d
Restricted
fvnds
Notes
INCOME AND ENDOWMENTS FROM
Donations and lega¢ie8
34,091
34,092
31,993
EXPENDITURE ON
Raising fiwds
3,202
3202
3.680
Charitable aetivitles
Ministry al￿ church costs
13,492
27.155
40,647
40,004
Totsl
16.694
27,155
43,849
43,684
NET INCOME/(EXPENDITURE)
Tr*ty$fer8 bettveen funds
17.397
(14.500)
(27.154)
14,500
(9,757)
(11.691)
12
Net movement in funds
2.897
{12.654)
(9.757)
(11,691)
RECONCILIATION OF FUNDS
Totsl funds brougbt fonyard
20,443
180,843
201,286
212,977
TOTAL FUNDS CARRIED FORWARD
23.340
168,189
191,529
201.286
The no*$ fonn part of these financial sthtements
Page 3

Milton Ke
Tabernacle
ance She
31 DeGember 2023
31.12.23
Totsl
fimds
31.12.22
Total
Unrestricted
fimd
Restricted
Notes
FIXED ASSETS
Tangibl¢ assets
160
294,759
294,919
317,025
CURRENT ASSETS
Debtors
Cash at bank and in ha￿1
25.244
225
25,244
5.846
22,145
8,052
5,621
25,469
5.621
31,090
30,197
CREDITORS
Amounts falling due withiti one year
(2.289)
(8.900)
(11,189)
(13,745)
NET CURRENT ASSETS
23,180
(3,279)
19.901
16.452
TOTAL ASSETS LESS CURRENT
LLIBILrriES
23,340
291,480
314,820
333,477
CRED￿oRs
Amounts falling du¢ after more than one year
(123,291)
(123,291)
{132,191)
NET ASSETS
23,340
168,189
191.529
201.286
12
unr￿tricted funds
Restricted funds
23,340
168.189
20,443
180,843
TOTAL FUNDS
191,529
201,286
The charitable company is emitled to exemption from audit under S¢ction 477 of the Companies Act 2(x)6 foT the yeaT
ended 31 December 2023.
The members have not required the coll)pany to obtain an audit of its finan¢ial statenwkts for th¢ year ¢nd¢d
31 December 2023 in accordance witb Section 476 of the Cornpanies Act 2006.
The trustees acknowledge their Te5wnSi￿il1ljeS for
(a)
ensuring that the charitable company kttps accoulltill8 records that c(Trmply with Sections 386 and 387 of the
Compat]ies Act 2006 and
preparing r]nancial statements wbich give a true and fair view of the slate of affairs of the charithble con]pany as
at the end of each fit]an¢ial year and of its SLW)lus or deficit for each finaneial year in accordance with th¢
rffjuirements of Sections 394 and 395 alld which otherwise eomply with the requir¢m¢nts of th¢ C¢)mpani¢s Act
2006 relatmg to f]nancial statements, so far as applicable to th¢ ¢haritsbl¢ company.
(b)
The notes forni part of th¢s¢ financial $tatenuits
Page 4
ontinu¢d...

Milton Ke
s Tabernacle
Balance Sheet-
ecember 2023
These financial slatements have been prepared in accordance with th¢ provisions appli¢able to ¢haTitable ¢ornpanies
subject to the small cotnpanie5 regim¢.
nan¢
staternents were approved by the Board of Trustees and authorised for issue
. and were signed on its behalf by.
A L Adebiyi- Tn]s
The llotes forni part of these financial 8talemenl8
Pag¢ 5

Milton Ke
es Tabernacle
Notes to the Financial sta￿ments
for th¢ Year End￿ 31 D¢c¢mber 2023
ACCOiTNTING POLICIES
BASIS OF PREPARING THE FINANCIAL STATEMENTS
The fllwicial statenwjts of the charitable company, which is a public beneflt entity ll[￿er FRS 102, have be£n
prq)ared in accordance with the Charities SORP (FRS 102) 'A¢¢ounting and Reporting by Charilies.. Statement
of Recommended Practice applicable to ¢hariiies preparing their accounts in accordanee with the Fillancial
Reporting Standard applieable in the UK and Republic of Ireland (FRS 1021 (effective l January 2019),,
Financial Reporting Standard 102 The Finaucial Reportillg Standard appli¢abl¢ in th¢ UK and R¢publi¢ of
Ireland, al￿ the CompaDies Aet 2006. The financial statements have been prepared under the historical cost
conventio
INCOME
All in¢ome is Tecognised in the Sthtement of Financial Activities once tbe charity has entitlernent to the funds, 1¢
is probable that the income will be received and the amount be rne&sur¢d Teliably.
EXPENDITURE
Liabilities are recognised as expenditttre as soon as th¢r¢ is a l¢gal or ¢on5trurtive obligation committing the
charity to that expenditure, it is probable that a trd￿sfcr of economic benefits will be required in settlement and
the amount of the obligatlOD caD be mea8ured reliably. Expenditt￿t is accounied for on an ac¢n￿lS basis and I￿S
becn ¢l&ssified utthr headings that aggregate all cost related to the category. Where costs Cannot be directly
attribuied kn particular headings they have been allocated to activities on a basis wnsistent with the use of
resources.
TANGIBLE FIXED ASSETS
Depreciation is provided at tbe following annual rates in order io write off each asset over its estitnated usefi
life.
Freehold property
Fixtures and fittings
Computer equipment
4010 on co
250/0 on reducing balance
25ts/0 on reducing balance
TAXATION
The chprity 1$ exempt from corporation tsx on its charitable activities.
FUF4D ACCOUNTING
Ullr¢$tri¢ted fimds can be used in accordance with the clmritable objectives at the discretion of the trus¢¢¢s.
Restricted funds can only be used for parfiwlar restricted pU￿08¢S within the objects of the charity. Restriciiotis
arise when specified by the donor or when fimds are rdised for particular restricted purposes.
Further explanation of the nawre and PLwpose of eaeb fimd ig iD¢luded in th¢ nol¢s to th¢ financial stst¢ments.
NKT INCOMEI(EXPENDrruRE)
Net in¢om&(ewndittwe) is stated after char8ill81(ereditin8).'
31.12.23
31.12.22
D¢pwiation- owned assets
Defieit OD disposal of fixed assets
21,608
497
21,792
Page 6
¢ontinu¢d...

Milton Ke
Tabernaele
Notes to the Financial Statements- continued
for the Year Ended 31 D¢c¢mber 2023
TRUSTEES, REMUNERATION AI¥D BENEFITS
There were no trus¢e¢s' r¢muneTrtion or other benefits for the year ended 31 DecembeT 2023 t￿r for the year
ended 31 D￿ember 2022.
TRUSTEES, EXPENSES
The￿ were no trust¢¢S' ¢XP¢Dses paid for the year ended 31 December 2023 nor for the year ended
31 December 2022.
STAFF COSTS
The aveTrge monthly nwnber of en]ployees duTing the year was &9 follows:
31.12.23
31.12.22
Ministerial staff (wageslfees)
No employees reeeiyed emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTTvTfiES
Unrestricted
fimd
Restricted
funds
Totsl
INCOME AND EL¥DOWMENTS FROM
Donations and lega¢ies
31,993
31,993
EXPENDITURE ON
RaIsll￿ fijnds
3.680
3,680
Ch&TitAble activities
Ministy and church costs
12,680
27.324
40,IK>4
Total
16,360
27,324
43,684
I¥ET INCOME/(EXPENDITUREI
Trall8fers behveen funds
15.633
{13200)
{27,324}
13.200
(11,691}
Net movewot in funds
2,433
(14,124)
(11,6911
RECOF4CILIATION OF FUNDS
Total fiwds brought fonvard
18.010
194,967
212,977
TOTAL FUNDS CARRIED FORWARD
20,443
180.843
201,286
Page 7
continued...

Milton Ke
s Tabernacle
Notrs. to the Finan¢ial Stat¢ments- wntinued
for the Year Ended 31 December 2023
TANGIBLE FIXED ASSETS
ImpTovements Fixbjres
and
fittings
Freehold
equipment
Tota]s
COST
At l January 2023
DisposaL
343,874
184,294
18,934
{7,323)
3.719
(3,719)
550.821
{11,042)
At 31 Decernber 2023
343,874
184.294
11,611
539,779
DEPRECIATION
At l January 2023
Charge for year
Eliminated on disposal
179,487
13.755
40,981
7,372
9,827
481
(7.043)
3.501
233,796
21,608
110,544)
(3,501)
At 31 December 2023
193,242
48,353
3265
244,860
NET BOOK VALUE
At 31 Ikcember 2023
150,632
135.941
8,346
294,919
At 31 De¢ember 2022
1&1,387
143.313
9,107
218
317,025
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23
31.12.22
Other debtors
Prepaylnents and accrued illcom¢
1.700
23,544
1,700
20,445
25,244
22,145
CREDITORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR
31.12.23
31.12.22
Bat& loalls and overdrafts (see note 10)
So¢ial security and other taxes
Accrued expenses
8,899
339
,951
8,557
2,568
2,620
11.189
13,745
Page 8
continued...

Milion K¢ es Tabernacle
Notes to the Financial Ststements- continu
ber 2023
CREDITORS: AMOUNTS FALLING DUE AFTER MORE TIIAN ONE YEAR
31.12.23
31.12.22
Bank loans (see note 10)
123.291
132,191
10. LOAi¥S
An analysis of tb¢ mati￿lty of loans is given below..
31.12.23
31.12.22
Amounts falling due within one year on demand:
Bank loans
8,899
8,557
Amounts falling between one and two years:
Ba￿k100￿8. 1-2 years
9255
8,899
Amounts falling due between two and five years:
Bank loatLs- 2-5 years
30.047
28,892
Amounts falling due in more than five years:
Repayable by instalments:
Bank loans more 5 sTby instal
83,989
94.400
ii.
SECURED DEBTS
The following secured debts ar¢ I￿luded within ¢reditors:
31.12.23
31.12.22
Bankloons
132.190
140,748
Th¢ bank loan is s¢¢ured by a l¢gal charge on th¢ freehold prop¢rty, in favour of Barclays Ballk plc.
12. MOVEMENT IN FUNDS
Net
movernent
in fun(Ls
Transfers
At
31.12.23
At 1.1.23
Unrestrieted fund8
General fimd
20,443
17,397
(14,500)
23,340
Restricted fuDd
Building Fund
179,282
{27,154)
15,3(X)
167,428
Welfare Fund
1,311
250
(8(x))
511
250
Klar Prosp￿t$ Proj¢¢t
180,843
(27,154)
14,500
168,189
TOTAL FUNDS
201286
(9,757)
191,529
Page 9
¢ontinued...

Milton Ke
s Taberna¢le
Notes to the Financial Ststements- continued
for the Y¢aT Ended 31 December 2023
12.
MOVEMENT IN FUNDS- contlnued
Net movemenl in fimds, included in the above are as follows:
Incoming Resources
resources
expended
Movement
in fillmjs
Unrestritted funds
General fund
34,091
(16.694)
17,397
Restrleted funds
Building Fund
(27,155)
{27,154)
TOTAL FUNDS
34,092
(43,849)
(9.757)
CompAratlve8 for rnovetDent ID fund5
Net
movement
in funds
Transfers
between
fimds
At
31.12.22
At 1.1.22
UllrestrActed fundy
General fimd
18.010
15,633
(13,2(x))
20,443
Restrleted funds
Building Fund
192,406
(27,324)
14,200
179,282
Welfare Fund
2.311
250
(1.000)
1,311
250
Klar Prospects Project
194,967
{27,324)
132(K)
180,843
TOTAL Fuf¥DS
212,977
{11.6911
201,286
Comparative n¢1 mov¢m¢nl in fimds. included in the above are as follows:
Incoming
resources
Resour￿3
expended
Movement
in funds
Unrutricted funds
Genernl fi￿d
31.993
(16.360)
15.633
RestrIcted fulld$
Building Fund
(27.324)
(27,324)
TOTAL FUNDS
31,993
{43.684)
(11,691)
Page 10
continu¢d...

Milion Ke
s Tabernacle
Noles to the Ftnancial Statements- continued
foy the Year Ended 31 December 2023
12.
MOVEMEL¥T IN FUNDS- eontlnued
A current year 12 months and prlor year 12 month5 combined position ig os followg:
Net
movement
Transfers
between
At
31.12.23
At 1.1.22
Unre$tri¢ted fund
General fiu
18,010
33.030
(27,700)
23,340
Restricted funds
Building FUT
192,406
(54,478)
29,5(K)
167,428
Welfare Fund
2,311
250
(1,81K))
511
250
Klar Prospects PTOjCCt
194,967
(54.4781
27,700
168,189
TOTAL FUNDS
212,977
(21,448)
191,529
A ¢urrent year 12 month5 and prior year 12 months conthined net m0Ven￿ in fimds, included in the above are
as follows:
IDcoJDing
r¢sour¢es
Rc50urc
¢xpended
Movement
in fiu]ds
UDrestrleted funds
G¢nwal fiuKI
66.084
(33,054)
33,030
Restricted funds
Building Fund
{54,479)
{54,478)
TOTAL FUNDS
66,085
(87,533)
{21,448)
13. RELATED PARTY DISCLOSURES
Th¢rc were no related paty tTansactiolls for the year etthd 31 De¢¢mkr 2023.
Pag¢ 11

Milton Ke
s Tab¢rna¢l¢
Detailed Staiemeni of Financkal Activities
for the Y&v Ended 31 December 2023
31.12.23
31.12.22
INCOME AI¥D ENDOWMENTS
Donations and legatles
Tithes
Offering
Thanksgiving
DonatioLs
20.051
9,497
1,445
3,099
17,788
10,320
1,000
2,885
34,092
31,993
Total incoming resources
34,092
31,993
EXPENDITURE
Ralslng doDarfon$ *nd leg*cif8
Wages and fees
Ministy expenses
2,000
1.202
2,750
930
3202
3.680
Charitable acti￿tieS
Wag¢s
BuildRnglcombined Insurance
Central offi¢¢ costs
Telephone
Subscriptions
Other insurdllC¢S
Bank charges
Repairs and maintenance
Depreciation of tangibl¢ fix¢d &s5¢ts
tA)ss on sale of tangible fLxed assets
Bank loan interest
2,0(M)
3,375
2,579
1,211
222
216
125
2,047
21,608
497
5.352
2,750
3,369
2,355
1,182
595
216
97
,007
21,792
5.681
39,232
39.044
Support eosts
Governance costs
Accountaney and legal fees
1,415
960
Totsl resources expended
43.849
43,684
Net expeuditure
(9,757)
{11,691)
This page does not forni part of th¢ statutory financial statements
Page 12