2021-08-31-accounts

					Page
Reference and administrative		details of the Company,	its Trustees	and advisers
Trustees' report					2-8
Independent auditors'	report	on the financial statements			9-12
Statement of financial	activities				13
Balance sheet					1l - 'l5
Statement ofcash flows					16
Notes to the financial	statements				17-37

Trustees			Mr R E Wightman	Mr R E Wightman	(Chair)	(Chair)
			Mr D S Eyeington
			Mr F H Clark
			Mr TWilliams
			Mrs SJ Clark
			MrJ0 Awoniyi
			Ms A V Crowter (Resigned				18November 2020)
			Mr W Swepston		(Resigned		18October 2021)
			Mr R C Davey
			Mr M J Thorman
			Mr D Elliott
			Ms A R Russell	(appointed			18October 2021)
			Mr S6 Halford	(appointed			18October 2021)
			Ms A Devi (appointed			18October 2021)
Company		registered
number			06162241
Charity registered
number			1119167
Registered		office	The Ridegway Centre
			Featherstone Road
			Wolverton Miil
			Milton Keynes
			Bucks
			MK12 5TH
Company	secretary		Mrs SJ Clark
Independent		auditors	MHA Maclntyre	Hudson
			Chartered Accountants
			Moorgate House
			201 Silbury Boulevard
			Milton Keynes
			Buckinghamshire
			MK9 1LZ
Bankers			CAF Bank Ltd
			25 Kings Hill Avenue
			Kings Hill
			West Mailing
			Kent
			ME194JQ
Solicitors			Roger Snowdon
			Rutter and Rutter	Solicitors
			StAudreys
			Wincanton
			Somerset
			BA99DR

						As restated
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Note	2021f	2021	2021	2020
Income from:
Donations and legacies			711,358	91,T22	803,080	975,398
Charitable activities			111,908		111,908	74,498
investments			132		132	649
Other income			53,123		53,123	47,540
Total income			876,521	91,T22	968,243	1,098,085
Expenditure on:
Raising funds			520,894		520,894	520,396
Charitable activities			190,171	48,850	239,021	351,752
Total expenditure			711,065	48,850	759,915	872,148
Net movement in funds			165,456	42,8T2	208,328	225,937
Reconciliation offunds:
Total funds brought	forward as
previously stated			2,142,858	391,793	2,534,651	2277 171
Prior year adjustment			(31,543)		(31,543)
Total funds brought	forward as
restated			2,111,315	391,793	2,503,108	2,27?,171
Net movement in funds			165,456	42,872	208,328	225,937
Total funds carried	forward		2,2T6,771	434,665	2,711,436	2,503,108

									As restated
							2021		2020
					Note		F		E
Fixed assets
Tangible assets					12		3,109,454		3,168,048
Investments					'13		1		1
							3,109,455		3.168,049
Current assets
i3ehtors						34,522		5Ci 6/0
Cash al banl'. and	in	hand				706.363		580 954
Creditors: amounts	falling		due within	one
year					l5	(97,420)		(115.724)
Net current assets							643,465		515,840
Total assets less	current		liabilities				3,752,920		3.683,889
Creditors: amounts	falling		due after	more
than one year							(1,041,484)		(1.180,781)
Net assets excluding		pension asset					2,711,436		2.503.108
Total net assets							2,711,436		2.503.108
Charity funds
Restricted funds					19		434,665		391,793
Unrestricted funds					19		2,276,771		2,111,315
Total fun ds							2,711,436		2.503,108

					2021	2020
Cash flows from operating	activities
Net cash used in operating	activities				300,770	353,910
Cash flows from investing	activities
Purchase of tangible fixed assets					(12,684)	(80.797)
Interest received					132	649
Net cash used in investing	activities				(12,552)	(79,548)
Cash flows from financing	activities
					',b~.ouu '.
					(8o,ur I)
Repayments of finance leases					(5,628)	(5.062)
Net cash used in financing	activities				(155,199)	(4,783)
Change in cash and cash	equivalents	in	the year		133,019	269,579
Cash and cash equivalents	al the beginning		of the year		580,954	3'11,375
Cash and cash equivalents	at the end	of	the year		713,973	580.954
The notes on pages 17 to 37 form part of these financial				statements

iation is provided on the following	basis:
Freehold property	2/0	straight	line on	main building	and 10'/0 straight
		line on	specific	works
Solar panels	4'/0	straight	line
Fixtures and fittings	10'/o	straight	iine
Heating and boiler system	3/0	straight	line
Computer equipment	33'/0	straight	line
Acoustic, drapes, carpet, chairs	5/0	to 10/0	straight	line
and kitchen

			Unrestricted	Restricted	Total
			funds	funds	funds
			2021	2021f	2021 F
Donations			676,458	91,722	?68,180
Distribution	from	Subsidiary	34,369		34,369
Grants
Similar incoming		resources	531		531
			711,358	91,722	803,080
			Unrestricted	Restricted	Total
			funds	funds	funds
			2020	2020	2020
					E
Donations			593,570	227,742	821,312
Distribution	from	Subsidiary	126,086		126,086
Grants			25,000		25,000
Similar incoming		resources		3,000	3,000
			744,656	230,742	975,398

		Unrestricted	Total
		funds	funds
		2021	2021
Income relating	to recharges	89,?55	89,755
Other income from various sources		22,153	22,153
		111,908	111,908

		Unrestricted	Total
		funds	funds
		2020	2020
		E	E
Income relating	to recharges	39,790	39,790
Other income from various sources		35,308	35,308
		74.498	74.498
		Unrestricted	Total
		funds	funds
		2021	2021
		E	E
Interest receivable		132	132
		Unrestncted	Totat
		funds	funds
		2020	2020
			E
Interest receivable		649	649

			Unrestricted	Total
			funds	funds
			2021	2021
CJRS	Grant	claim	53,123	53,123

			Unrestricted	Total
			funds	funds
			2020	2020
CJRS Grant claim			48,151	48,151
Net (loss)/gain	on disposal of tangible	fixed assets	(611)	(611)
			47,540	47,540

		Unrestricted	Restricted	Total
		funds	funds	funds
		2021	2021	2021
			E	E
All age ministry		107,652		107,652
Training		2,335		2,335
Childrens	ministry	2,523		2,523
Direct costs			48,850	48,850
Donations		77,661		77,661
		190,171	48,850	239,021

				Unrestricted	Restricted	Total
				funds	funds	funds
				2020f	2020f	2020f
All age ministry				792,605	243	792,848
Training				6,578		6,578
Share of	goverance		costs	40,886		40,886
Evangelistic		events	and courses	2 705		2,705
Childiens	ministry			').07 7		2 077
				323,668	28.084	357.752

			Activities
			undertaken	Support	Total
			directly	costs	funds
			2021	2021	2021
			F	F	F
All age ministry			105,252	2,400	107,652
Training			2,335		2,335
Childrens	ministry		2,523		2,523
Other establishment		costs	48,850		48,850
Donations			77,661		77,661
			236,621	2,400	239,021

						Activities
						undertaken	Support	Total
						directly	costs	funds
						2020	2020	2020
							E
	All age ministry					192,848		192,848
	Training					6,578		6,578
	Share ofgovernance			costs			40,886	40,886
	Evangeiistic		events and courses			2,705		2,705
	Childrens	ministry				2,011		2,011
	Other establishment			costs		28,740		28,740
	Donations					77,984		77,984
						310,866	40,886	351,752
9.	Auditors' remuneration
							2021f	2020 E
	Fees payable		to the Company's		auditor for the audit of the Company's
	annual accounts						3,100	3,030
10.	Staff costs
								2020
								E
	Nfages and	salaries					422,670	399,960
	Social security		costs				20,355	23,391
	Contribution	to defined		contribution		pension schemes	8,761	4,020
							451,786	427,371

			2021	2020
			No.	No.
Strategy	and Wolverton	Mill site	7	7
Central	operations		13	13
Transformation			3	3
Sunday	and Fox Milne	site	3	3
Other			10	3
			36

	Freehold	Fixtures and	Computer
	property	fittings	equipment	Total
Cost or valuation
At 1 September 2020	3,285,827	443,794	18,533	3,748,154
Additions		7,685	4,999	'I2,684
Disposals		(2,170)		(2,170)
At 31 August 2021	3,285,827	449,309	23,532	3,758,668
Depreciation
At 1 September 2020	361,110	201,949	17,047	580,106
Charge for the year	39,380	27,321	2,407	69,108
At 31 August 2021	400,490	229,270	19,454	649,214
Net book value
At 31 August 2021	2,885,337	220,039	4,078	3,109,454
At 3t August 2020	2,924,717	241,845	1,486	3,168,048

Cost or valuation
At 1 September 2020
At 31 August 2021
At 31 August 202'1
At 31August 2020

		2021f	2020f
Due within	one year
Amounts owed by group undertakings		9,945
Prepayments	and accrued income	24,577	50,610
		34,522	50.610

			2021	2020
Bank loans			65,790	?2,349
Other loans				5,000
Trade creditors			8,430	3,044
Amounts owed	to group undertakings			2,615
Other taxation	and sociai security		6,846	?,396
Obligations under finance lease and hire purchase		contracts	719	5,062
Pension fund loan payable			8,121	8,841
Accruals and deferred income			7,514	11,41?
			97,420	115,?24

			2021	2020
			F	E
Bank loans			1,041,484	1,120,996
Other loans				58,500
Net obligations	under finance lease and hire purchase	contracts		/,285
			1,041,484	1,180,?81

		2021f	2020
Bank loans		1,107,274	1,193,345
Other loans			63,500
		1,107,274	1,256,845
Payable	within one year	65,790	77.349
Payahle	after one year	1,041,484	l.179,496

Statement of fund	s - current year
		As restated
		Balance at 1			Balance at
		September			31August
		2020	Income	Expenditure	2021
Unrestricted funds
General Funds - all	funds	2,111,315	876,521	(711,065)	2,276,771
Restricted funds
Towcester Plant		26,8&7	34,683	(22,659)	38,911
Catalyst Sphere		94	306	(400)
Hardship fund		13,399	14,897	(13,324)	14,972
Phase 3 Building Acquisition		348,355	25,305		373,660
Youth groups		1,458			1,458
Towcester hardship	fund	100	220		320
Donations for other	charities		5,155	(5,005)	150
MK Hub			5,300	(1,375}	3,925
DRC			5,856	(5,130)	726
Samaritans grant		1,500		(957}	543
		391,793	91,722	(48,850)	434,665
Total offunds		2,503,108	968,243	(759,915)	2,711,436

Statemen	t of f	und	s - prior y	ear
								As restated
				Balance at				Balance at
				1 September			Transfers	31August
				2019 E	Income f	Expenditure E	inlout E	2020
Unrestricted funds
General	Funds	- all	funds	2.089.696	867.343	(850,851)	5,127	2,111.315
Pnc4r j fed f1to		Ic
Catalyst	Sphere			515	513	(934)		94
Towester	I-lardship		fund		1,716	(2.540)
Hardship	fund				18,417	(5,018)		13,399
Kitchen				2,978			(2,978)
Pnase 3	Building	Acquisition		176.957	172,298	i900)		348355
Youth groups				1.458				1,458
Small groups short			mat
bowling				892	1,500	(243)	(2.149)
Towcester hardship			fund		1.603	(1.503)		100
Samaritan	purse				1.500			1,500
				187,475	230,742	(21,297)	(5,127)	391.793
Total of funds				2,277,171	1.098,085	(872,148)		2.503,108

Summar	y	offunds - pr	ior year
								As restated
				Balance at				Balance at
			1	September			Transfers	31 August
				2019	Income	Expenditure	in!out	2020
				E	E'	E
General	funds			2,089.696	867.343	(850,851)	5.127	2,111,315
Restricted		funds		187.475	230.742	(21,297)	(5.127)	391,793
				2,277.171	1.098.085	(87".148)		2.503.108

Analysis	of n	et assets between funds - current	year
			Unrestricted	Restricted	Total
			funds	funds	funds
			2021	2021	2021
			E		E
Tangible	fixed	assets	3,109,454		3,109,454
Fixed asset investments			1
Current	assets		306.220	434,665	740,885
Creditors	due	within one year	(97,420)		(97,420)
Creditors	due	in more than one year	(1,041,484)		(1,041,484)
Total			2,276,771	434,665	2,711,436

	As restated		As restated
	Unrestricted	Restricted	Total
	funds	funds	funds
	2020	2020	2020
		E
Tangible fixed assets	3,168,048		3,/68,048
Fixed asset investments	1		1
Current assets	239,771	391,793	631,564
Creditors due within one year	(115,724)		(115,724)
Creditors due in more than one year	(1,180,781)		(1,180,781)
Total As restated	2,111,315	391,793	2,503,108

							2021	2020
	Net income	for the	year (as per Statement of Financial			Activities)	208,328	225,937
	Adjustments	for:
	Depreciation	charges					69,108	92,693
	Loss on the	sale of	fixed assets					611
	Interest Received						(132)	(649)
	Decrease/(increase)			in debtors			25,868	63,325
	(Decrease}/increase			in creditors			(2,402)	(28,339)
	Net cash provided		by operating		activities		300,770	353,578
23.	Analysis of	cash and cash equivalents
							2021	2020
								E
	Cash in hand						713,973	580,954
	Total cash and cash			equivalents			713,973	580,954

			At 1
			September		At 31
			2020	Cash flows	August 2021
				E	F
			E
Cash at bank and		in hand	580,954	125,409	706,363
Debt due within	1	year	(86,190)	12,279	(73,911)
Debt due after	1 year		(1,179,496)	138,012	(1,041,484)
Finance leases			(6,347)	5,628	(719)
			(691,079)	281,328	(409,751)