METROPOLITAN TABERNACLE
As in Charitable objects.
Financial health, per its FY2024 accounts
The accounts state that closing reserves were £1,656,225, with unrestricted reserves of £1,376,558. The trustees report that there is no policy to maintain significant long-term reserves and consider the state of financial affairs to be very satisfactory. The charity has a net income of £332,635 for the year and holds cash and short-term deposits of £1,179,468.
What the accounts disclose
“The following Elders and family members of Trustees received remuneration for services provided to the church: Dr P M Masters £21,880 Mr C M Laws £7,593 Mr A Onojobi £41,742 Mrs H M Compston £33,827” — page 14
Leadership, per the charity’s website
- Dr Peter Masters — Pastor / Minister
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Dr PETER MAURICE MASTERSchair
- AJIBOLA OYETOLA OYENUBI
- ANDREW CHARLES WILLIAM OWEN PGDIPNRCPD
- Adedotun Marklue Onojobi
- Alastair John Laws
- CHRISTOPHER CHARLES COOPER
- CHRISTOPHER MALCOLM LAWS
- DR DUNCAN LLOYD ANDREW WYNCOLL
- David Anthony Edgar Smith
- Emile Milad Georges
- Jonathan Alexander Farrimond
- MARK AUGUSTUS WHYTE
- Omotayo Kangaju Oluwafemi Oyenubi
- PAUL CHARLES TUNSTELL BPHARM,RPS
- Peter Olajide Olabode Owolabi
- ROBIN JAMES DEAN COMPSTON
- Robert Opare Aboagye
- Sola Ingram
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £2.1m | £1.7m |
| 31/12/2023 | £1.8m | £1.7m |
| 31/12/2022 | £1.6m | £1.6m |
| 31/12/2021 | £1.6m | £1.4m |
| 31/12/2020 | £1.8m | £1.4m |
Common questions
Is METROPOLITAN TABERNACLE financially healthy?
Per its FY2024 accounts: The accounts state that closing reserves were £1,656,225, with unrestricted reserves of £1,376,558. The trustees report that there is no policy to maintain significant long-term reserves and consider the state of financial affairs to be very satisfactory. The charity has a net income of £332,635 for the year and holds cash and short-term deposits of £1,179,468. Its FY2024 accounts were audited by Xeinadin Audit Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| COUNTYPIER LIMITED | 1 | £116k |
| REIFER MEMORIAL LIMITED | 1 | £20k |
Charities like this
- CHRIST FAITH TABERNACLE INTERNATIONAL
- Great Beauty Tabernacle
- TABERNACLE BAPTIST CHURCH, PENARTH
- CREATED: CHURCH
- TRINITY BAPTIST CHURCH
- PRAISE TABERNACLE
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| METROPOLITAN TABERNACLE | £2.1m | — | 0 | unclear | — | no doubt |
| CHRIST FAITH TABERNACLE INTERNATIONAL | £2.4m | — | 1 | above | — | no doubt |
| Great Beauty Tabernacle | £119k | — | 0 | above | — | no doubt |
| TABERNACLE BAPTIST CHURCH, PENARTH | £240k | — | 0 | unclear | — | no doubt |
| CREATED: CHURCH | £315k | — | 0 | above | — | no doubt |
| TRINITY BAPTIST CHURCH | £1.7m | — | — | above | — | no doubt |