## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |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| ## ##