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2021-12-31-accounts

New Life Bible-Presbyterian Church, London Annual Report 1[st] January 2021 to 31[st] December 2021

The following is the annual report for New Life Bible-Presbyterian Church, London:

The church and congregation continued to experience the challenges due to the Covid19 pandemic continuing into 2021. At the start of the year, London was still categorised as Tier-4 so, the church continued holding online services via Zoom.

As the year progressed, the following changes were made to the Morning and Afternoon worship services:

The church continued to broadcast the worship services via Zoom.

Activities held during the period (in chronological order):

1. Good Friday service, 2 April

The speaker was Rev Timothy Poh who preached the message “From Crucifixion to Hope” (Mark 15:1-39)

2. Easter Sunday service, 4 April

The speaker was Pr Mok Chee Cheong who preached the message “Unbelief in the Resurrection” (Mark 16:6)

3. Reformation Sunday, 31 October

4. Remembrance Sunday, 14 November

Before the Morning worship service, a 2-minutes silence was observed.

5. Annual Congregation Meeting (ACM), Postponed Due to the Covid-19 pandemic, the Annual Congregational Meeting could not be held this year.

Regular activities of the church:

1. Worship Services:

2 worship services were held every Lord’s Day; 11:00 am and 2:00pm/3:00 pm. Average attendances are 20 and 10 respectively.

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Speakers for 2021 included Pr Mok Chee Cheong (Church Resident Minister), Rev Timothy Poh and Mr Charles Scott-Pearson (General Secretary, Protestant Alliance).

The worship services covered preaching from the books of Jeremiah, Hebrews, Esther, Ruth, Acts, Zechariah, Haggai, Ecclesiastes and John.

2. Catechism Class:

Due to the Covid-19 pandemic, the Catechism classes were put on hold.

3. Fortnightly Bible Study/Weekly Prayer meeting: Due to the Covid-19 pandemic, the Bible Study classes/Prayer meetings were put on hold.

4. Ladies Fellowship:

Due to the Covid-19 pandemic, the Ladies Fellowship meeting could not be held. The meetings will restart when the pandemic is over.

5. Sunday School:

Due to the Covid-19 pandemic, the Sunday School classes were put on hold.

6. Library Ministry:

Due to the Covid-19 pandemic, the Library ministry was put on hold.

We continue to thank God for His continued grace and mercy for seeing the congregation through another year during the Covid-19 pandemic. Also, we thank God for preserving Pr Mok and granting him strength to persevere with the ministry work for another difficult year.

This concludes the report on the activities of New Life Bible-Presbyterian Church, London for the year ending 31 December 2021.

Prepared by Jonathan Kim

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TREASURER REPORT & ACCOUNTS 2021

Treasurer’s Report to the Trustees and Members of the New Life B.P. Church for the year ended 31 December 2021

Weekly Offering received for the year was £54,323 compared to £33,522 in 2020. Church only resumed Sunday worship services from mid March 2021 and has remained opened for worship each Sunday adhering to the social distancing regulations.

Hospitality Income w ere none for the year.

Bank Interest received continued to be on the slide despite a healthy balance on the deposit account. It has been decreasing over the years and last year £4 was the lowest amount of interest ever received on the account.

Books and CD there were no sales made during 2021 and thus no requirement to order new books, cards or bibles for resale during the year as the church has sufficient stock for resale.

Kitchen Ministry of cooking Sunday lunches were no longer practical in the interest of health issues due to the pandemic. It would be unlikely that this ministry would be resumed any time in the future.

Missionary fund of £1,420 was received during the year of which £670 was from the church Xmas offering which was fully donated to this missionary in support of their work in Baalah, Kenya.

Sovereign Grace has paid for the hire our Church hall in 2019 for their regular monthly meetings but did not hold their meetings due to lock-down. Therefore our church would continue to let them have access and use for their regular meetings if so require and without further payment.

Love Gifts none for 2021.

Building Fund of £1,550 were received during the year and these funds have been used towards the building repairs, renewals and maintenance of the church buildings which have been damaged over the years. (See Building Repairs below)

Tax Reclaimed – Gift Aid for 2021 has not been reclaimed.

Insurance Claim of £1,250 was in respect of claim for water damage to the surrounding walls in the entrance tower around the stairwell. The full claim for damage on the roof which caused water to seep into the walls was considered to be wear and tear by the insurers.

Other Income of £4,226 was received from CAF (Charities Aid Foundation) whose mission is to aid charities and provide funding to them. This windfall was due to the courtesy of a church member who nominated our church to receive a portion of those funds.

Honorarium and Salary was £16,955 in 2021 compared with £17,212 in 2020. This decrease was due to the claim submitted to HMRC for the church to be exempted from paying the Employers National Insurance contributions.

Water charges in 2021 had increased due to church reopening and more usage.

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Designated Gifts comprise of love gifts of £150 given to Protestant Alliance, £500 to a member for looking after the church and £50 to another member during the year.

Building & Contents / Health & Safety Insurance premiums had increased from £3,773 in 2020 to £4,151 for the year representing a ten percent increment.

Office Expense of £426 was mainly expenditure for various equipment such as CCTV, web camera and a new monitor. Postage and printing expenses were only £23 for the year.

Telephone, Internet & Fax expenditure had increased slightly to £707 in 2021 compared to £690 in 2020. This increase is in line with the increase of 2.5% which is the Retail Price Index rate published by the Office of National Statistics.

Lighting and heating cost had decreased slightly from £4,979 in 2020 to £4,615 in 2021. This may be due to less usage as the church was only opened from mid March onwards.

Building Repairs and Maintenance during the year amounted to £20,480 compared to £4,397 in 2020. A small amount of the expenditure was for the general maintenance of the heaters, replacing junction box and materials. The bulk of the cost was expended on renewing the tower roof, the Sunday school hall roof, re-plastering the stairwell walls, the crumbling wall outside the Sunday school hall, building ramps to make it more accessible for disabled persons attending church using the facilities and finally repainting all the hallways in the front and back including the whole Sunday school hall. The total cost for all these works was £16,800.

Council Tax / General Rate had decreased slightly again for the year from £1,990 in 2020 to £1,682 in 2021. This represent a 15.47 percent reduction with which the Council is helping local charities by giving a small discount on the chargeable rates.

Kitchen Expenses (see Kitchen Ministry above.)

Missionary Donations of £1,485 were sent to The Presbyterian Board in 2021 in support of the Baalah Mission. Any further donations received during the year would be dealt with accordingly.

Publications & Subscriptions of £78 were subscriptions mainly to Evangelical Times.

Housekeeping Expense were none during the year.

Miscellaneous expenditure of £776 were for DBS checks, payroll licence, dry cleaning for curtains plus the regular maintenance and cleaning of the church.

Other Heating Cost no new gas bottles were ordered during the year for the portable heaters as there were some bottles left.

Tomas Tan Treasurer

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ACCOUNTS 2021 (Summary of Financial Activities)

Do note that this statement covers the accounts for 2021 (and a reference to the 2020 figures).

New Life Bible Presbyterian Church

Statement of Financial Activities For The Year Ended 31 December 2021

INCOMING RESOURCES :
Weekly Offering
Hospitality Income
Interest Received
Sales of Books, CDs etc
Kitchen Income
Missionary fund
Sovereign Grace Contributions (Hall Hire)
Love Gifts
Building Fund
Tax Reclaimed – Gift Aid
Insurance Claimed
Other Income
TOTAL INCOMING RESOURCES
RESOURCES EXPENDED :
Honorarium & Salary
Water Charges
Designated Gifts
Building & Contents / Health & Safety Insurance
Office Expenses ( Printing, Postage, Stationery, IT )
Telephone, Internet & Fax
Lighting & Heating
Building Repairs & Maintenance
Council Tax / General Rate
Kitchen Expenses
Missionary Donations
Equipment Repair & Maintenance
Publications & Subscriptions
Housekeeping Expenses
Miscellaneous
Other Heating Costs
TOTAL RESOURCES EXPENDED
2021
£
54,323
0
4
0
0
1,420
0
0
1,550
0
1,250
4,223
62,770
16,955
705
700
4,151
426
707
4,615
20,480
1,682
0
1,485
720
78
0
776
0
53,480
2020
£
33,522
100
35
13
330
70
0
100
912
8,246
0
0
43,328
17,212
230
100
3,773
28
690
4,979
4,397
1,990
514
0
0
78
14
179
142
34,326

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New Life Bible Presbyterian Church Statement of Financial Activities For The Year Ended 31 December 2021

Statement of Financial Activities
For The Year Ended 31 December 2021
Unrestricted Funds / Deficit ( - ) for the Year
Unrestricted Funds / Deficit ( - ) Brought Forward
Unrestricted Funds / Deficit ( - ) To Date
2021
9,290
98,658
107,948
2020
9,002
89,656
98,658

REPRESENTED BY BANK & CASH BALANCES :

Bank Current Account
14 Day No. 2 Account
YAF Account
Petty Cash ( Kitchen Float )
Petty Cash ( Office Float )
£
62,645
43,780
1420
15
88
107,948
£
57,517
39,553
1485
15
88
98,658

Prepared by Tomas Tan ( Treasurer )

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