2020-12-31-accounts

METROPOLITAN TABERNACLE	METROPOLITAN TABERNACLE	METROPOLITAN TABERNACLE
Statement of Financial Activities for the Year ended 31December 2020
	Note	2020	2020	2020	2019	2019	2019
Income from:		t)nresuicted	Restricted f	Total	)Lnrnetricted	Restncted f	Total E
Donations snd legacies Investments Charnsble activi1es	2 3 4	1,412,528 20,731 92,746	284,709 I	1,697,237 20,732 92,746	1,197,551 22,848 116,757	175,250 2	1,372,801 22,850 116,757
Total Income		1,526005	284710	1810,715	1,337156	175252	1,612,408
Expenditure on:
Rai~iaRfunds Publicity		12580		12580	3421		3421
Grants payable Cost ofSales Other Sales expenses Provision of ministry &outreach Suppoh costs Administrabon	6 7a 7b 8	47,153 36,015 68,418 538,956 277,9QI 97,209	291,863 75	47,153 36,O15 68,418 830,81g 277,9Q1 97,284	39,849 58,555 54,397 606,401 262,074 102,133	263 72Q 3,270	39,849 58,555 54,3gy 870,121 262 074 105,403
		1 085652	291 938	I 357590	I 123409	266 990	I 39D399
Torsi expenditum		I 078,232	291,938	I 370 170	1,126,830	266990	I 393,820
Net incomelexpendltum		447,773	(7,228)	440,545	210,326	(91,738)	118,588
Transfers between Funds		(90,000)	90,000		(90000)	90000
Net movement In funds		367,773	82,772	sso,54s	120,326	(1,'738)	118,588
Funds brought forward		492,049	70,059	562,108	371,723	71,797	443,520
Funds carried forward		849 822	162831	1 002,653	492049	70,069	562 108

		Note	2020		2020	2020	2019
			U~ti d f	9	ttd d f	Total	Total f
Fixed Assets Tangible Fixed Assets		10	57,745			57,745	69,845
Current Assets Stocks Debtors		11 12	45,674 177,908		8,868	45,674 186,776	38,333 138,678
Interfund	Account		5,504		(5,504)
Cash at	bank & in hand		589,989 819,075		149,467 152,831	739,456 971,906	340,022 517,033
~Credito Amounts	due within one year	13	26,998			26,998	24,770
Net Current Assets			792077		152831	944900	492 263
Net Assets			849822		152831	1,0D2 653	562 1DD
Financed	by:
Funds		16-17	849822		152831	1,002 653	562,108

			2020	2020	2020	2019
			Unrestricted	Restricted	Total	Total
						E
Cash flows from operating activities: Net income for the year			357,773	82,772	440,545	118,588
Adjustments for: Depreciation charges Dividends, interest and rents (Increase)/decrease in stocks (Increase)/decrease in debtors Increase/(decrease) in creditors			28,480 (20,731) (7,341) (64,556) 2,228	16,458	28,480 (20,732) (7,341) (48,098) 2,228	24,382 22,850 8,071 (13,816) (4,365)
Net cash provided by operating	activities		295,853	99,229	395,082	155,710
Cash flows from investing activities: Dividends, interest and rents Purchase of property, plant and equipment			20,731 (16,380)	1	20,732 (16,380)	(22,850) (90,923)
			4 351	1	3357	~113773
Change in cash &cash equivalents		in the year	300,204	99,230	399,434	41,937
Cash &cash equivalents at the	start of the year		289,785	50,237	340,022	298,085
Cash 8 cash equivalents at the	end of	the year	589989	149467	739456	340 022

Notes to the Financial Statements for the Year ended 31	December 2020 (Co	nt. )
	2020 ~Ui	2020 29«1 1	2020 Totalf	2019 Totalf
2. Donations and legacies General Donations Donations for missionaries & special appeals Collections Thanksgiving Fund Legacies	143,263 1,110,148 59,692 99,425 1412528	141,774 87,249 55,686 284 709	143,263 141,774 1,197,397 59,692 155111 237	126,486 95,693 1,051,450 69,172 0000 1 3
3. Investment income Bank and other interest Rent	146 20,585 20731		147 20 585 2	210 22,640 22050
4. Income from charitable activities Bookshop &other sales income Seminary fee income School ofTheology receipts	90,704 2,042 92746		90,704 2,042 9 6	102,719 2,168 11,870 11675
5. Grants payable in furtherance ofcharity's objectives Grants to individuals	47,153 47153		47,153 47153	39,849 ~39
6. Other Sales Expenses Wages and Salaries (See Note 9) Sales Carnage Costs	36,416 32 002 68418		36,416 32,002 68 18	36,180 8» ~54 9
7. Costs ofother activities in furtherance ofthe charity's	objects
(a) Provision of ministry 8 outreach: Wages 8 Salaries (See Note 9) Visiting preachers &organists School ofTheology expenses Catering costs Sunday School expenses Payments to/for missionaries Literature &Translation costs	442,807 1,132 3,937 12,006 9,222 1,839	291,863	442,807 1,132 3,937 12,006 301,085 1,839	450,152 1,665 15,812 17,276 25,594 276,872 13,173
Outreach costs	68,013 538 956	291863	68013 830819	69,577 012
(b) Support costs: Equipment repairs and replacements Tabernacle premises costs Other properties expenses Light and Heat Telephone Manse expenses Bus expenses Depreciation charges Motor and travel expenses	98,574 57,702 10,558 29,038 3,800 5,400 43,383 28,480 966 277901		98,574 57,702 10,558 29,038 3,800 5,400 43,383 28,480 966 277 90	69,846 63,009 10,533 27,042 3,905 7,072 50,035 24,382 6,250 262 074

	2020	2020	2020	2019
8. Administration	Unrestricted	Restricted	Totalf	Totalf
Postage & Photocopying Office expenses Rubbish collection Cleaning supplies etc. Bank charges Subcontract administration	8,615 8,881 11,801 44,302 7,517 1,260	75	8,615 8,881 11,801 44,302 7,592 1,260	9,690 10,401 11,633 49,602 6,724 1,260
Miscellaneous expenses Audit &Accountancy costs Legal fees	7,748 5,765 1,320		7,748 5,765 1,320	10,064 5,493 536
	97 09	75	07284	105403
9. Staff costs Wages and Salaries National Insurance costs Pension contributions	431,043 35,903 12277 479223		431,043 35,903 12277 ~70223	405,331 34,196 10,625 450152

The following Elders and family members Pastor I Ag Mohamed f46,290 Dr P M Masters F20,415	ofTrustees received remuneration for services provided to the church: Mr C M Laws f15,374 Mrs H M Compston f30,896 Mrs JWainwright f1,668

10.Fixed Assets
	Motor	Computer	Other	Furniture
	Vehicles	Er)Eui ment	Er)Eui ment	&~Fittin s	Total
Cost
Brought forward Additions Disposals Carried fonvard	216,310 16,380 (15,263 217,427	23,637 23,637	146,933 146,933	46,456 46,456	433,336 16,380 15,263 434,453
~0 Brought forward Charge for the Year Disposals Cardied forward	146,467 28,478 15,263) 159,682	23,635 2 23,637	146,933 146,933	46,456 46,456	363,491 28,480 15,263) 376,708
Net Book Value, 31/12/2020	57,745				57,745
Net Book Value, 31/1 2/2019	69,843				69,845

		2020	2020	2020	2019
11.Stocks		(Jnrestncted	Restricted	Total	Total f
Bookshop stock Lessons for Life Visual Aids		30,567 15,107 45674		30,567 15,107 466	28,366 9,967 38333
12. Debtors Trade Debtors less doubtful debts Tax recoverable on income		776 27,777	2,868	776 30,645	536 37,614
Other debtors Floats and Loans Prepayments &accrued income		69,541 28,632 51,182 177908	6,000 . 8868	69,541 34,632 51,182 186 6	42,525 58,003 1386 8
13. Creditors Other creditors Other taxation and social securiity Amount due to Metropolitan Tabernacle Accruals and deferred income	Manse Charity	2,845 8,989 1,062 14,102		2,845 8,989 1,062 14,102	2,965 8,328 2,311 11,166
		26998		26 998	24776

und	B/f	~lncomin	~Out oin	~bl	d	C/I
	6	2
2020 General Fund Special Resources Fund Tabernacle Bookshop Literature Ministry Fund Audio-Video Ministry Fund Legacy Fund Exceptional Prolects Fund	294,112 19,955 3,766 5,797 4,891 108,291 55,237 492049	1,261,571 12 82,746 750 3,188 99,425 78,313 1526,005	(948,271) (90) (101,939) (10,316) (6,916) (10,700) 1,078232		(114,769) 20,000 3,769 1,000 90,000	492,643 19,877 4,573 2,163 197,016 133,550 849,822
2019 General Fund Special Resources Fund Tabernade Bookshop Literature Ministry Fund Audio-Video Ministry Fund Legacy Fund Exceptional Projects Fund	204,620 20,021 2,616 5,195 5,186 78,291 55794 371723	1,174,809 19 89,778 9,060 2,455 30,000 31035 1337156	(975,317) (85) (105,934) (9,256) (4,646) 31592 1 126830		(110,000) 17,306 798 1,896 90,000	294,112 19,955 3,766 5,797 4,891 108,291 55,237 492,049

			Movement	in Resources	in Resources	Transfers	Transfers
Fund Name		B/f 8	~lncomin	~Out oin L		between	Funds	C/1f
2020
Russian Literature	Fund	1,178	450		(75)			1,553
LRBS Fund		14,206						14,206
Missionary Support	Fund	11,033	276,129	(270,538)			90,000	106,624
Loan Building 8 Reserve Fund		18,366	1					18,367
Myanmar Fund		507						507
Disaster Relief Fund		12,168					(600)	11,568
Nepal Relief Fund		12,601	8,130	21,325			600	6
		70059	284 710	291	938	90000		152831
2010
Russian Literature	Fund	3,998	450	(3,270)				1,178
LRBS Fund		14,206						14,206
Missionary Support	Fund	15,710	154,043	(248,720)		90,000		11,033
Loan Building & Reserve Fund		18,364	2					18,366
Myanmar Fund		507						507
Disaster Relief Fund		12,168						12,168
Nepal Relief Fund		6,844	20,757	15	000			12601
		71797	175252	268	990	90000		70059