METROPOLITAN TABERNACLE
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024
Registered Charity Number 1151218
Contents:
1-4 Elders and Deacons. Report
5-7 Auditors, Report
Statement of Financial Activities
Balance Sheet
10
Statement of Cash Flows
11-16 Notes to the Accounts

METROPOLITAN TABERNACLE
(1)
Report of the Elders and Deacons for the Year Ended 31 December 2024
The Elders and Deacons here provide their report and the audited financial statements of the Tabemacle for the year
ended 31 December 2024.
Reference and AdministratlV8 Details, Trustees and Advlsers
The Metropolitan Tabernacle (fomierly an Excepied Charity) has been a UK Registered Charity since March 2013 -
Registered Charity Number 1151218. The full address of the charity is.. Metropolitsn Tabemacle, Elephant & Castle,
London, SE1 6SD. The custodial Trustee of the Melropolilan Tabernacle property is the London Baptist Propety
Board. However, for the purpose of these accounts the Trustees of the Tabemacle comprise the members of its
Elders and Deacons Court. The Elders and Deacons during the year were as follows=
Mr R J D Compston
Mr C C Cooper
Mr E M Georges
Mr S Ingram
MrAJLaws
MrCMLaws
Dr P M Masters (Minister)
Mr O O Odumala
Mr A M Onojobi
MrAC W Owen
MrA O Oyenubi
MrDAESmith
Mr P C Tunslell
Mr M A Whyte
Dr D L A Wyncoll
The Tabemacle's bankers are: Lloyds Bank plc, 25 Cambemell Green, London, SE5 7AB.
The Tabernacle's auditors 8re'. Xeinadin Audit Limited, 5 Robin Hood Lane, Sutton, Surrey, SM12SW.
Structure and Governance
The Tabemacle is an independent Parbcular Baptist church, founded in 1650, now constituted by its Legal
Constitution of 2012, based on the 1689 Baptist Confession of Faith and the Tabemacle's Trust Deed dated 21 April
1859. The Elders and Deacons are elected by the Church Meeting, and are responsible for leadership of the church.
The Tabernacle is a registered charity. no.1151218, and has a number of related charities, namely, the Tabernacle
Manse Charity, the Metropolilan Care Charity and the Wakeman Trust
The Trustees (the Elders and Deacons} are elected by the Church Meeting, and are responsible for leadership of the
church (Section 6 of the Legal Conslitution). There are no other senior managers to whom day-t(Fday management is
delegated. A limited number of trustees are remunerated, and their pay is set by the non-remunerated truslees. with
reference lo similar roles in other charities. The Legal Constitution (Section 10) describes decisions taken by the
trustees. Stsff are appointed to assisi ihe twstees and are under their supejvision. All expenditure by staff is
authorised and countersigned by the trustees. New trustees are provided with infonmation aboLrt their statLrtory
responsibilities as trustees, as well as being provided with instruction on the role wthin the Metropolitan Tabemacle.
The major risks lo which the Tabernacle is exposed, as identified by the Trustees, in the areas of finance, operations,
safeguarding, and regulatory compliance are regularly reviewed. Procedures are in place to mitigate those risks
which are considered appropriate and effective.

METROPOLITAN TABERNACLE
(2)
Report of the Elders and Deacons for the Year Ended 31 December 2024 (continued)
Trustees statement of responslbllitles
The trustees are responsible for preparing the Trustees. Report and the financial staternenls in accordance with
8pplicable law and United Kingdom Accounling Standards including Financial Reporting Standard 102: The Financial
Reporting Standard applicable in Ihe UK and Republic of Ireland (United Kingdom Generally Accepted Accounting
Practice).
The law applicable to charitl8s in England & Wales requires the trustees lo prepare financial statements for each
financial year which give a true and fair view of the state of affairs of the charily and of the income and expenditure of
the charity for that period. In preparing these financial ststements, the trustees are required to..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles in the Charities SORP;
make judgments and accounting estimates that are reasonable and prudent.
state whether applicable accounling standards have been followed, subject to any material departurès
disclosed and explained in the financial statements., and
prepare the financial statements on the going concem basis unless it is inappropriate to presume that the
charity will continue in business.
The trustees are responsible for maintaining proper accounting records whiGh disclose with reasonable accuracy at
any lime the financial position of the charity and enable them to ensure that the financial statements comply wth the
Charities Act 2011, the Charity (Accounts and Reports} Regulations 2008 and the provisions of the trust
deedlconstitution. They are also responsible for $8fe9uarding the assets of the charity and hence for taking
reasonable steps for the prevention and deleclion of fraud and other irregularities.
The Tabernacle's Objectives and Activltles
The Tabemacle's objectives are the advancement of the Christian faith. Ihe nurture of God's professing people and
the benefit of the public through the religious and moral education of children and all other people, care for the elderly.
promotion of racial harmony, and the advancement of theological education, including training for ministèrs and
church leaders. The church also prepares and distributes Christian literature, and carri8s out other charilable
purposes consistent with its Trust Deed and Confession of Faith. To do thes8 things. it operates various funds in
respect of differenl branches of the work. The Tabemacle awards grants to individuals and organisations that meet
the criteria laid down by the Tabernacle.
The Trustees have had due r6gard to the guidance issued by the Charity Commission relating io public benefit, and
the Tabernacle provides this in a number of ways-.
By the provision of public worship seNices, including special faalities for Deaf people, and slmultaneous
interpretation in a number of languages. The Tabemacle has over 950 members and adherenis over
sixteen, plus numerous other regular attenders and visitors.
By its large outreach Sunday Schools at five localions which serve many hundreds of teenagers and young
children {around 900 enrolledl in south London, with associated weeknight recreation81 and social training
activities, educational outing and camp activities, all serving the advancement of Christian values and
helping to preserve very many young people from the youth gang culture of inner South London.,
By regular college age classes for 16-18 year-old young people,.
By its young adults, doctrine classes helping numerous student-age people to be established in Christian
doctrine and Citizenship values.,
By the provision of free audio.video messages and studies on sponsored Sky TV and on the Intemet - the
latter experiencing over 15,000 wholly downloaded messages per month.,
By the operation of the London Refomed Baptist Seminary on-line course with marked coursework for
aspiring and serving pastors, and church workers (over 400 enrolled},'
By its Days of Special Studies and Christian Workers Fratemal meetings which are attended by hundreds of
Christ18n workers from across the UK.
By its support of pioneer and mission works in the UK and across the world., and
By its provision of various facilities for care of the elderly, including a part-time care visitor.

METROPOLITAN TABERNACLE
(3)
Report of the Elders and Deacons for the Year Ended 31 December 2024 (continued)
Achievements & Performance
In 2024 the Tabemacle continued its programme of weekly public servicés and ils Sunday Schools and Bible Classes
for children and young people. se￿ices continued to be made available as free live-stream broadcasts. The YouTube
channel for Gospel semions continued to attract many viewers.
The Tabemacle continued its emphasis on outreach into the community to make the comforts and strengths of
worship and failh available to all. Large scale visitation, contsct work and literature dislribulion was carried out by
members, and services and Bible education meetings were open to all, with BSL interpretation for Deaf attenders.
Pastoral and practical help w8s extènded via many interviews, and also by visits to homes including practical care for
needy elderly attenders, including transportalion to appointments, support and assistance in problems. DVDS of
recorded preached messages carrying biblical instruction were made available freely to elderly friends. A wide range
of literature was also made available freely via the church website, the latter renting hosted services for handling the
storage and live streaming of video and audio services and messages, many thousands being downloaded each
month. Practi¢81 help and friéndship was also extended to many through the Deaf Fellowship and to needy families
and individuals, including the promotion of hospitality by members lo lonely people and to visitors.
Youth and children's ministries continued to be a key component of Tabernacle work. Sunday Schools providing for
around 900 under-sixteens in the community, being operated on five sites. Nineteen minibuses owned by the
Tabemacle plus private cars, were collecting children safely. Supported by weeknight recreational evenings {two
evenings each week), outings and an annual camp, these have provided biblical and moral instruction. keeping
hundreds of children off the streets and out of gangs. and imparting a more wholesome mindset for their future lives.
(Over 250 staff and trained volunteers have operated this work in this year.)
During the year over 20 overseas national pastors were wholly or18rgely supported. Churches and compassionate
work were maintained, including medical support and feeding hungry children, and this has required high funding,
which also incorporated additional money given by readers of the Tabemacle's °Sword & Trowel" magazine.
Weekly non-subscription satellite television broadcasting has enabled thousands of viewers around the land to access
the regular leaching ministry, with frequent feedback indicating that help and blessing has been gained by viewers
throughout the UK.
Review of Flnances
As shown in the Statement of Financial Activilies on page 8, there was a net inflow of resources spread across the
various funds. Closing resetves were £1,656,225 of which £279.667 were for restricted purposes. Funds are
generally used wilhin a reasonably prompt timescale, and there is no policy to maintain significant long-term reseNes.
Overall, Ihe state of financial affairs of the Tabernacle is Gonsidered to be very satisfactory.
The Tabernacle building is an historic asset and a listed building. The mission buildings, Surrey Gardens and
Surrey Square, are also historic missions of the Tabernacle, for which purpose they conlinue.

METROPOLITAN TABERNACLE
(4)
Report of the Elders and Deacons for the Year Ended 31 December 2024 (continued)
Plans for Future Periods
The Church has a number of plans for the future, including the followtng:
To maintain and increase the large attendance at public services and Sunday Schools and to spread the
Gospel message by outreach visitation and literature distribution in the community.
To increase the work of the main and branch Sunday Schools and related recreational activities by
continuing personal work and visitation.
To continue the establishment of the Brixton Sunday School. introducing children and young people in the
Loughborough Junction area of Brixion and Stockwell to the leaching of the Bible.
To continue the establishment of the Bennondsey Sunday School, introducing children and young people in
the Bermondsey area to the teaching of the Bible.
To exiend the online streaming of live services and recorded ministry and written material, which is being
increasingly accessed and valued worldwide, supporting people by regular ministry, and providing guidance
and instruction to people seeking the teaching of the Gospel and sound biblical principles.
To extend Ihe availability of Junior Church materials, and weeknight meeting materials. by upgrading and
publishing further series topics.
To assist and Goordinate the translation work of key materials {undertaken by members and nationals part-
time) into other languages such as Chinese. Spanish, Portuguese, Romanian, Amharic, Tamil, French,
Hungarian, Polish and Arabic.
To support the growth of the Deaf Fellowship and continue with BSL signèd broadcasts and to sponsor BSL
training for suitable young people lacking means.
To continue to improve the design and content of the Tabemacle website, including the development of non-
English language paggs.
To operate the YouTube channel for Gospel semions, including provision of 'shorts' and 9-minute semion
excerpts.
To continue increasing the amount of literature and information available freely on the Tabemacle website,
including in othèr languages.
To complete renewal of emergency lighting equipment and electrical wiring to meet current required
standards.
To build new rooms as part of the provision of additional classrooms.
Fundraislng and Gift Aid
The Tabernacle receives fLJnds entirely from freewill offerings, mainly by people associated with the church. There is
opportunity to give an offering by cash, cheque or by card in the weekly services, and many other donations are given
separately, mainly by bank transfer. Encouragement is given to use the Gift Aid scheme. A brief summary of the
giving to date is shown on the congregation's prayer meeting website.
The biblical principles of givin9 are included from lime to lime in the course of the teaching ministry. A voluntary
Thanksgiving Fund is a long held tradition. There are no public appeals for funds other than as follows.
For overseas cornpassionate support for needy situations and disaster relief, from time lo time we make appeals to
Christians, mainly through the Sword & Trowel magazine. No professional fundraisers are employed and the whole of
any such support received is passed on to the people described. and none of it is used to defray any expenses of the
Tabemacle.
Auditors
Xeinadin Audit Limited, Chartered Accountants, have indicated their willingness to continue in office.
ON BEHALF OF THE ELDERS AND DEACONS
Chris Cooper
14 October 2025

METROPOLITAN TABERNACLE
(5)
Independent audilor's report to the elders and deacons of The Metropolitan Tabernacle
Opinion
We have audiled the financial ststements of The Metropolitan Tabemacle (the "Charity") for the year endèd 31
December 2024 which comprise the Stalement of Financial Activities, the Balance Sheet. the Statement of Cash
Flows and notes to the financial statements, including a summary of significant accounting policies. The financial
reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting
standards, including Financial ReporlirvJ Slandard 102: The Financial Reporting Standard applicable in the UK and
Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statements=
give a true and fair view of the state of the Charity's affairs as at 31 December 2024 and of its incoming
resources and application of resources for the year then ended",
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice.,
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for oplnlon
We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS (UK)) and applicable law.
Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the
financial ststements section of our report. We are independent of the Charity in accordance with the ethical
requirements that are relevant lo our audit of the financial statements in the UK. including the FRC'S Ethical Standard,
and we have fulfilled our other ethical responsibiliiies in accordance wilh these requirements. We believe that the
audit evidence we have oblained is sufficient and appropriate to provid8 8 basis for our opinion.
Concluslons relating to going concern
In auditing the financial ststemenls, we have Goncluded that the trustees, use of the going concem basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating io events or
conditions that, individually or colleclively, may cast significant doubt on the Charity's ability to continue as a going
concern for a period of at least 12 months from when the financial stslements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concem are described in the relevant
sections of this report.
Other information
The trustees are responsible for the other information. The olher infomiation comprises the inforniation included in the
annu81 report other than the financial statements and our auditorfs report thereon. Our opinion on the financial
stalements does not cover the other information and we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements. our responsibility is to read the other infonnats'on and, in doing
so, consider whether the other information is materially inconsistent with the financial statemenls or our knowledge
obtained in the audit or olhenhfise appears to be materially misstated. If we identify SUGh material inconsistencies or
apparent material misststements, we are required to determine whether there is a material misststement in the
financial stalements or a material misstatement of Ihe olher information. If, based on the work we have perfomied. we
conclude that there is a material rnisstatement of this other information, we are required to report that fact.
We have nolhing to report in this regard.
Matters on which we are required to report by exceptlon
In the light of the Kno￿edge and understanding of the Charity and its environment obtsined in the course of the audit,
we have nol identified material misstatements in the trustees. report.

METROPOLITAN TABERNACLE
(6)
Independent auditor's report lo the elders and deacons of The Metropolitan Tabernacle (continued)
We have nothing to report in respect of the following matters in relation to which the Charities Act 2011 requires us to
report to you if, in our opinion..
adequate and proper accounting records have not been kept, or retums adequale for our audit have not
been received from branches not visited by us- or
the financial statements are not in agreement with the accounting records and returns,. or
certain disclosures of trustees, remuneralion specified by law are not made-, or
we have not received all the infomation and explanations we require for our audit.
Responsibilities of Ihe trustees
As explained more fully in the trustees, responsibilities statement set OLrt on page 1, the trustees are responsible for
the preparation of the financial ststements and for being satisfied that they give a true and fair view, and for such
intern81 control as they delemine is necessary to enable the preparation of financial ststements that are free from
malerial misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the Charity's ability to continue as a
going concem, disclosing, as applicable, matters related to going concem and using the going concern basis of
accounting unless the trustees either intend to liquidate the Charity or to cease operations, or have no realisti
attemative but to do so.
Auditor's responsibilities for the audlt of the financial statements
We have been appointed as auditor under section 144 and report in accordance with the Act and relevant regulations
made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial slatements as a whole are free from
material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion.
Reasonable assurance is a high level of assurance, but is nol a 9uarantee that an audit conducted in accordance with
ISAS (UK) will always detect a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered malerial if, individu8lly or in the aggregate, they could
reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecling irregulariiies, including fraud is detailed below:
Based on our understanding of the charity, we identified that the principal risks of non-compliance with laws and
regulations related to employment and financial reporting legislation and we considered the extent to which non-
compliance might have a material effect on the financial statements. We also considered those laws and regulations
thal have a direct impact on the preparation of the financial statements such as the Charities Act 2011.
We assessed the susceplibility of the charity's financial statements to malerial misstatement, including obtaining an
understanding of how fraud might occur, by making enquiries of management, considering the intemal controls in
place and discussion amongst the engagement team.
We detennined that the principal risks were related lo recognition of legacy income, expensing capital items,
inappropriate accounting entries affecting the disclosed revenue or expenditure and payments to third parties.
In response to the risks identified we designed procedures which included, but were not limited to=
agreein9 financial statement disclosures to underlying supporting documentatson
reviewing legacy correspondence
reviewing expenditure codes for capital ilems
identifying and testing joumal entries
reviewing Trustees meeting minutes
evaluating the charity's intemal controls
verifying paymènts to third parties on a sample basis

METROPOLITAN TABERNACLE
(7)
Indepond8nt auditor's report lo the eldèrs and deacons of The Metropolltan Tabgrnacle {continued)
There are inherent limitations in the audll procedures described above. The more removed that laws and regulations
are from finanGial transactions, Ihe less likely il is that we would become aware of non-compliance. Malerial
misstatements that arise due lo fraud can be harder lo detect than those Ihat arise from error as Ihay may involv8
deliberate concealment or collusion.
A further description ol our ￿SPonSIbl11118S for the audlt of the financial ststemgnts is located on the Financial
Reporting Council's website at.. www.frc.org,uk]audilorsre$pon8ibililies. This description forms part of our auditor's
report.
Use ol our roPQrt
This report is made solely to the Charity's trustees. as a body, in accordance Part 4 of the charities {Accounls and
Reports) Regulations 2008. Our audit work has been undertaken so that we might stale lo the Charity's trustees thosè
matters we are required lo Stale to them in an auditor's report and for no other purpose. To the fullest extent permilted
by law, we do not accept or assume responsibility lo anyon8 olh6r than thé charity and the charity's Iruslee6 as a
body, for our audit work, for this report, or for the oplnions w8 have forned.
Xeinadin Audit Llmlt•d
Statutory Audltor
Chartered Accountsnts
5 Robin Hood Lane
Sutton
Surrey
SM12SW
Dat8d.' 14 October 2025
Xeinadin Audlt Limiled is èligible for appunlmenl as audilor of the Gharity by virtu8 of ils 61igibilily for 8ppolnlmenl 88
audilL¥ ola company Ur￿&r se¢lion 1212 of Ihe Companies Act 2006.

MÉTROPOLITAN TA8ERNACLE
Sta¢emenl of Financial Acllvltles for the Year 8ndBd 31 Dec¢mber 2(124
Note
2024
2024
2024
Totsl
2023
Unrestricted
2023
2023
Tolal
nr
g￿riCted Resiricied
nc
Income from:
Donaoons and 18gaci8s
Investrneats
Charitable activities
1,524.745
62.829
95.427
389.903
159
1.914.848
62,988
95.427
1.￿,??3
55,816
94,481
198,874
96
1,654,097
55.912
94,481
Tot&llncorne
1.883,001
390,062
2.073.063
1.605,520
198,970
1,804,490
Expenditu￿ on=
Rai%in
Funi1$
Public(ty
5,034
5,034
3,321
3,321
Charitab￿ ActIvl￿as
Grants payable
Cost of Sales
Other Sales expenses
Provi$lon of mlnistry & outreach
Support Gosls
Administration
17,763
49.684
57.871
900,755
272,225
118,235
14.106
31,869
49,684
57,871
1,205,506
272,225
118,239
30.347
55,688
55,000
781,010
368,261
90,689
26.873
57,220
55,868
55,ODO
1.053,569
368.281
90,724
7a
7b
304,751
272,559
35
1.416,533
318,861
1.735,394
1,380.975
299,467
1.680.442
Tolal 8xpenditvre
1,421,567
318.861
1.740,428
1,384,296
299,467
1.683.763
Net incornellgxp•nditurel
261.434
71.2Q1
332.635
221.224
1100.4971
120.727
Transfers belween Funds
190.0001
90.000
170,0001
70.000
NW movement In funds
171.434
161201
332.635
151,224
130.4971
120,727
Funds brought fon¥ard
1.205,124
118,466
1,323,590
1,053,gDO
146,963
1,202.863
Fund$ carrled lo￿ard
1 376 558
1 656,225
1205 124

METROPOLITAN TABERNACLE
(9)
Balance Sheet as at 31 December 2024
Note
2024
2024
Unrestricted Restricted
2024
Total
2023
Total
Fixed Assets
Tangible Fixed Assets
10
163.152
163,152
17,808
Current Assets
Stocks
Debtors
Interfund Account
Short-tem deposits
Cash at bank & in hand
45,569
320,285
5.504
45,569
329.153
26,690
236,179
12
8,868
(5,504)
800,000
278,666
1,341,535
903,165
1,274,523
276.303
279,667
1,179,468
1,554,190
Creditors
Amounts due within one year
13
61,117
61,117
35,753
Net Current Assets
1,213,406
279,667
1,493,073
1.305,782
Net Assets
1,376.558
279,687
1,658,225
1,323,590
FInan￿d by:
Funds
16-17
1376,558
279.667
1,656,225
1,323,590
Approved by the Elders and Deacons on 14 October 2025
Elder: C Cooper
Deacon: D W
oll

METROPOLITAN TABERNACLE
(10)
statement of Cash Flows for the Year ended 31 December 2024
2024
2024
Unrestricted Restricted
2024
Total
2023
Total
Cash flows from operating activities:
Net income for the year
Adjustments for-
Depreci8tion charges
Dividends, interest and rents
(In¢rease)Idecrease in stocks
(Increase) in debtors
Increase in creditors
171,434
161.201
332.635
120,727
30.269
(62.829)
(18,879)
(92.974)
25.364
30.269
(62,988)
(18,8791
(92,974)
25,364
10,030
(55,912)
9,444
(78,584)
2,251
(159)
Net cash provided by operating activities
52,385
161,042
213,427
7,956
Cash flows from investing activities:
Dividends, interest and rents
Purchase of property. plant and equipment
62,829
1175,613)
159
62,988
1175.613)
55,912
(23,744)
112,784
159
112,625
32,168
Change in cash & cash equivalents in the yoar
(60,399)
161,201
100.802
40,124
Cash & cash equivalents at the start of the year
963.564
115.102
1,078,666
1,038.542
Cash & Gash equivalents at the end of the year
903 165
276 303
1,179468
1078 666

METROPOLITAN TABERNACLE
(11)
Notes to the Financial Statements for the Year Ended 31 December 2024
1. Accounting Policies
The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the
preparation of the financial statements are as follows=
(al Accountlng convention
The financial statements have been prepar8d under the Charities Act 2011 and in 8ccordanc& with the
Charities Statement of Recommended Practice (Charities SORP IFRS 102)) and Financial Reporting
standard 102 IFRS 102). The financial statements are drawn up on the historical Gost basis of
accounting.
The Metropolitan Tabemacle is an unincorporated charity and meets the definition of a public benefit
entity under FRS 102.
The address of the registered office is Metropolitsn Tabemacle, Elephant & Castle, London SE16SD.
The financial statements are prepared in steding, which is the functiona5 currency of the charity. Monetary
amounts in these financial statements are rounded to the nearest £.
(b) Going Concarn
There are no material uncertainties about the charity's ability to continue.
(c) Income
Voluntary income including legacies is accounted for once Ihe charity has entitlement to the income, it is
probable the income will be ￿te1Ved and ihe amount of income receivabla can be reliably measured.
Investment income and bank interest is recognised on an accruals basis.
(dl Expenditure
All expenditure is included on an accruals basis. Grants made are accounted for when the commitment is
made lo make the paym8rit. Charitable expenditure comprises all expenditure directly related to the
objects of the charity. This includes governance costs which represent the cost of compliance with
constitutional and statutory requirements.
{e} Fixed assets
The Metropolitan Tabernacle building and the Surrey Gardens and Surrey Square mission buildings and
their associated improvernenls are historic buildings dating back to the mid-nineteenth century, and the
original cost of the assets is not available. The Trustees estimate that the original cost of these
properties is irnmaterial, and therefore no value has been attributed to them. Fixed assets below an
original cost of £2,000 are not capitalised.
Where freehold properties are maintained to such a standard that Iheir 6stimated residual value is in
excess of their net book value at any time and depreciation is immaterial. no depreciation is charged.
ifj
Depreciation
Depreci8tion is provided on all other tangible fixed assets at rates calculated to write off the cost of each
asset over its expected useful life less estimated residual value, over its expected useful life, which in all
cases is estimated at four years.
(g) Stocks
Stocks are valued at the lower of cost and net realisable value.
(h) Debtors
Loans and other debtors are included at the settlement amount due. Prepayments are valued at the
amounl prepaid.
Cash at bank
Cash al bank is 8 short term highly liquid investrnent with a short maturity of three rnonlhs or less from
the date of opening of the deposit. Short-term deposits arè Ihose with a maturity exceeding three monlhs.
ti)
Creditors and provlslons
Creditors are recognised where the charity has a present obligation arising from a pasl event that will
probably result in Iha transfer of funds to a third party and the amount due to settle the obligation can be
measured or estimated reliably. Creditors are recognised at their settlement amount.

METROPOLITAN TABERNACLE
(12)
Notes lo the Flnanclal Statements for the Year ended 31 December 2024 (Cont.)
2024
2024
Unreslricled Restricted
2024
Total
2023
2. Donatlons and legacies
General Donations
Donations for missionaries & special appeals
Collections
Thanksgiving Fund
Legacies
284,824
2,000
155,012
118,891
286.824
15S,012
1.235,629
122.385
114.798
103,776
108.482
1.251.373
76,106
114,360
1654 097
1,116,738
122.385
798
1524 745
114,000
389 903
3. Investment income
Bank and other interest
Rent
27,242
35.587
159
27,401
35,587
18,917
36,995
159
4. Income from charitable activities
Bookshop & other sales income
Seminary fee income
School of Theology receipts
87.050
6,625
1.752
87,050
6,625
1,752
91.475
1,521
1.485
5. Grants payable in furtherance of charity's obJe¢tlves
Grants to indivtduals
17,763
14,106
31,869
57,220
6. Other Sales Expenses
Wages and Salaries (See Note 91
Sales Carriage Costs
43,550
14,321
43,550
14,321
41,245
13,755
7. Costs of other a¢tivities In furtherance of thg charIt￿S objects
{al Provision of ministry & outreach..
Wages & Salaries (See Note 9)
Visiting preachers & organists
School of Theology expenses
Catering costs
Sunday School expeTrses
Payments lolfor missionaries
Literature & Translation costs
Outreach costs
644.662
4.378
9.469
31,315
49,868
26,500
7,805
126,758
900 755
644,662
4,378
9,469
31,315
49,868
331,251
7,805
126,758
1205 506
601,177
2,270
3.705
25.651
27,810
291,712
4,481
96.763
1 053 569
304,751
304 751
(b) Support costs..
Equipment repairs and ieplacements
Tabernacle premises costs
Other properties expenses
Light and Heal
Telephone
Manse expenses
Bus expenses
Depreciation charges
Motor and travel expenses
18,119
78,972
16.733
46.549
5,095
8,609
67,772
30.269
107
272 225
18,119
78.972
16.733
46,549
5,095
8,609
67.772
30,289
107
272 225
129.432
68,956
23.034
60.743
5,041
10,371
60,654
10.030

METROPOLITAN TABERNACLE
(13)
Noles to the Financial Statements for the Year ended 31 December 2024 (ConL)
2024
2024
Unrestricted Restricted
2024
Total
2023
Total
8. Admlnistration
Postage & Photocopying
Office expenses
Rubbish collection
Cleaning supplies
Bank charges
Subcontract administration
Miscellaneous expenses
Audit costs
Accountancy fee paid lo auditor
9,349
34.197
11,842
16.875
7,502
1,912
10,225
6,720
2,160
118235
9,349
34,197
11,842
16,875
7.506
1,912
10,225
6,720
2,160
118 239
14,767
14,061
11,395
21,150
9.825
1,568
10,367
5,551
2.040
9. Slaff Costs
Wages and Salaries
National Insurance costs
Pension contributions
621,669
51,561
14.982
688
12
621.669
51,561
14,982
688 212
580,378
46,734
15,310
642 422
Included in wages is a redundancy payment of £8,160 (2023- £7,450).
Contributions to a pension fund for the benefrt of employees were made during the year.
The average number of employees was 26 (2023: 24). No employee eamed £60,000 or more. None of the
Elders and Deacons r8ceived any reimbursed expenses in their capacity as truste8S.
The following Elders and famlly members of Trustees received remuneration for services provided to the church=
Dr P M Masters
£21,880
MrCMLaws
£7.593
Mr A Onojobi
£41.742
Mrs H M Compston
£33,827
These r￿ureS include Employels Nl and Pension Contributions.
This remuneration is permitted by clause 9 of the Constitution.
10. Flxed Assets
Motor Computer
Vehicles E
ui
Other
Furniiure
Total
Cost
Brought fO￿ard
Additions
Disposals
Carried fO￿ard
212,033
175.613
166.922
320.724
23,637
146,933
70.200
452,803
175,613
66,922
561,494
23,637
146,933
70,200
De
eciation
Brought fonNard
Charge for the Year
Disposals
Carried forward
212,033
24,333
{66,922
169.444
23,637
146,933
52,392
5,936
434,995
30,269
166,922
398,342
23,637
146,933
58.328
Net Book Valua, 3111212024
151,280
11,872
163,152
Net Book Value, 3111212023
17,808
17,808

METROPOLITAN TABERNACLE
{14>
Notes to the Financial Statements for the Year ended 31 December 2024 (Cont.)
2024
2024
Unrestricted Restricted
2024
Total
2023
Total
11. Stocks
Bookshop stock
Lessons for Life Visual Aids
21,600
23,969
21,600
23,969
9,236
17.454
12. Debtors
Tax recoverable on income
Oiher debtors
Floats and Loans
Prepaymenls & accrued income
20,212
152,743
72,175
75,155
320 285
2,868
23,080
152,743
78,175
75,155
329 153
23,691
77.345
69,667
65.476
236 179
6,000
13. Credltors
Other creditors
Other laxation and soclal security
Amount due lo Metropolitan Tabernacle Manse Charity
Accnjals and deferred income
3,336
13,334
1,062
43.385
3,336
13,334
1,062
43,385
3,505
13,628
1,062
17,558
14. Related party transactions
Some of Ihe trustees of tho Tabernacle are also tnjstees of the Metropolitan Care Charity, the
Melropolitan Tabernacle Manse Charity and the Wakeman Trust. There were no transactions with
any of these charities during the year. An outstanding balance with the Manse Charity is disclosed in Note 13.
The aggregate value of unconditional donations made by the trustees to the church in the year wa5 £100.288
(2023.. £109,182).
15. Finan¢lal commitments
During the year, the Melropolilan Tabernacle made operating lease paymenls of £2,935
which are recognised as an expense.
The future minimum lease payments under non-cancellable operating leases are as follows..
a) nol later than on8 year.. £4,714.,
b) later than one year and not later than live years.. £14,154.

METROPOUTAN TABERNACLE
(15)
Notes to the Financlal Ststements for the Year ended 31 December 2024 (Cont.)
16. Unrestricted Funds
The analysis of the unrestricted funds during the year is shown below..
Movemenl in Resources
Transfers
Incomi
Out
oin
g between Funds
Fund Name
Blf
CM
2024
General Fund
Special Resources Fund
Tabemacle Bookshop
Lilerature Ministry Fund
Audio-video Ministry Fund
Legacy Fund
Exceptional Projects Fund
709.723 1,524,617 11.307.929)
15.596
1116)
{103.238)
18.511)
11,773)
1122.0081
804.403
15,969
7,397
87,177
408
43
2,902
452
349,200
61,223
127,295
9,000
1,205.124 1.683.001
23,458
8,060
490
2,071
410,423
136,295
1.376.558
1,421,567
90,000
2023
Gener81 Fund
Special Resources Fund
Tabernacle Bookshop
Literature Ministry Fund
Audio-video Ministry Fund
Legary Fund
Exceptional Projects Fund
598,669 1,459,519 (1,258,440)
15.403
373
11801
6,189
86.473
(103.8871
4,408
(8.4501
2.453
662
(4,5631
295,265
53.935
135,921
150
1,053.900 1.605.520
190,025)
709,723
15.596
11,225
4,450
4.350
408
2,902
349,200
127,295
1.205.124
8,776
1,384,296
70,000
Transfer5 from the General Fund lo the other funds represent General Fund SUPFQrt for these activities.
The purposes of the unrestricted fvnds are as follows..
General Fund
To finance the Tabernacle's main objectives and a¢￿VItIeS.
S erial Resources Fund
For Ihe stewarding of an extraordinary leg8Gy to special projects tn the furthefan
of the Tabernacle's major objectives.
Tabemade Booksho Fund
To operate the Christian boc*kshop siied al the Tabernacle. whlch promotes the
Tabemade's malor oblectives by the sale of sound Christian literature.
Literature Fund
To promote the Tabernacle's major objectives by the circulation ol the"Sword and
Trowel" magaane. and other lileralure.
Audio-video Minist Fund
To promote the Tabemade's major objectives by thè circulaiion of recordings ofTabemade me5S8ges, in
both audio and video fomiats.
Le
Legathe5 Used to finance the Tabemade's main objectives and activities.
Exce
tsonal Pro
e¢ts Fund
To finance projects In accordance with the Tabernaele's major obÉectSves. as enabled by
particular donaElons or income beyond the budget plans.

METROPOUTAN TABERNACLE
116)
Notes to the Financial Statements for the Year ended 31 December 2024 (ConL)
17. Restridod Fund$
The analysis of the reslricted funds during the year is shown below:
Movement in Resources
Incomin
Out
oin
Transfers
between Funds
Fund Name
Blf
cff
2024
Russian Literature Fund
LRBS Fund
Missionary Support Fund
Loan Building & Reserve Fund
Myanmar Fund
Disaster Relief Fund
Nepal Relief Fund
1,507
14,206
83,755
18,469
507
568
1546}
118466
1,507
14,206
241,707
20,628
S07
568
544
279 667
386,813
2,159
1318.861)
90,000
1,090
390 062
318861
2023
Russian Literature Fund
LRBS Fund
Missionary Support Fund
Loan Building & Reserve Fund
Myanmar Fund
Disaster Relief Fund
Nepal Relièf Fund
1.507
14,206
103.598
18.373
507
11.568
796
148 963
1,507
14,206
83,755
18,469
507
568
546
118 466
196,624
96
(288.4671
70,000
111,0001
250
198 970
299 467
The purpose of the restricted funds is as follows..
Russian Literature Fund
To finance the supply of Christian literature in the Russian language.
London Reformed B8
isl Semina
LRBS
Fund
To assist overseas seminarians who have attended the London Refomied Baptist Seminary.
Missiona
rt Fund
Monies received from donor5, reslricled lo overseas ministry support.
Loan Buildin
& Resarve Fund
To assist, by gift or loan, in the building, enlargemenl or repair of places of divine worship belonging to the
Particular or Calvinistic Baptist Denominalion.
nmar Fund
To assist the spreading of the gospel in Myanmar (Burma).
Disaster Relief Fund
To assist the relief of Christian communities in areas struck by natural disasters around the world.
Ne
l Relief Fund
To assist the relief of Christian communities in areas struck by natural disaster in Nepal.