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Financial Report Cosheston Mission Church 2021
Trustees: Rev. N Gilbert Mr D Hicks Mr J Evans Rev. I Middlemist Rev. C Rees
Registered address: Mission Hall Cosheston Pembrokeshire SA72 4UD
Bank: Lloyds TSB PO Box 1000 BX1 1LT
Cosheston Mission 2021
Registered Charity 1141875
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Last year remained a challenging one. Covid restrictions once again placed limitations on our ability to meet and worship together. Our work amongst the children with Challengers was ‘furloughed’; the Ladies meetings were postponed; Harvest and Christmas gatherings like many Sunday meetings replaced by online services; Sunday School put on hold; guest preachers and missionary organisations unable to join us and any outreach was greatly affected by the guidelines placed upon us as a church because of Covid.
Despite these restrictions, which have had an impact on income, the Pastor has been paid every month, work has been carried out on the church, upgrades have been made to the building, missionary contributions have gone out and God in his mercy has left us with enough for another year. The reality is, our God has, and shall, supply all our needs according to His riches in glory by Christ Jesus (Philippians 4:19).
We all know that money is not at the heart of who we are because as Solomon declares, whoever loves money never has enough (Ecclesiastes 5:10). Nevertheless, we are mindful to use the monies we have for the extension of God’s work in Cosheston and beyond. We are not foolish nor reckless with the money God gives so we must continue to be wise in how we put to good use the finances God has laid before us.
Our monies must fall behind our aims as a registered charity:
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a) to advance the Christian Faith in accordance with the Statement of Faith in such ways and in such parts of the United Kingdom or the world as the Trustees from time to time may think fit;
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b) relieve sickness and financial hardship and preserve good health by the provision of funds, goods or services of any kind, including through the provision of counselling and support in such parts of the United Kingdom or the world as the Trustees from time to time may think fit and
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c) advance education in such ways and in such parts of the United Kingdom or the world as the Trustees from time to time may think fit
At the moment the church only has one paid worker, the Pastor, Mr N Gilbert. Rev. N Gilbert is also a Trustee.
Registered Charity 1141875
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As we have already been made aware, 2021 was another difficult year. However, the church has carried on. God is good. 2 Timothy 2:9 reminds us that the word of God is not chained. We have found the ways and means to maintain services to proclaim the word of God to our people and to those who listen on the edge of faith.
Here are some financial facts to think about:
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missionary support came to £2,750, which amounted to 9%of the church’s expenditure
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our water and electricity bills are all now paid by Direct debit
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our expenditure on the Village Hall amounted to £204 and a further £96 which was a cashed cheque carried over from the previous year
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we now pay HMRC (Tax man) by Bank Transfer, along with any visiting preachers or missionaries
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the Pastors pay is still on Direct Debit for the 6[th] of each month
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we decided not to change our Public Liability and Building Insurance brokers who charge £573.67 this year (£40.86 more than 2020)
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we have minimised the use of cheques to pay bills/individuals and we are making full use of the Bank Transfer system. We now have online access to the accounts 24/7
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Pastor’s expenses in February were larger than normal due to the purchasing of electrical equipment for our new IT infrastructure
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we spent £1,500 on new windows in the back room and office
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we spent £1,269.36 on TV’s and cabling to support work in the main hall and transmission of meetings to the rear hall
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our annual Stewardship offering amounted to £21,032.29 up from £17,532.52 in 2020
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We have put together a table showing our income/expenditure from the end of December 2020 through to end of December 2021
Registered Charity 1141875
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Here is a full break down of our finances for 2021
Registered Charity 1141875
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----- Start of picture text -----
Income for £33,934 Expenditure £33,499
2020 .95 2020 .05
Income for £28,055 Expenditure £30,837
2021 .41 2021 .39
----- End of picture text -----
The Audit for our accounts has taken place and has been signed off.
Registered Charity 1141875
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At the end of the day, brothers and sisters in Christ, … we do not lose heart. Even though our outward man is perishing, yet the inward man is being renewed day by day. For our light affliction, which is but for a moment, is working for us a far more exceeding and eternal weight of glory, while we do not look at the things which are seen, but at the things which are not seen. For the things which are
Registered Charity 1141875
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seen are temporary, but the things which are not seen are eternal.
2 Corinthians 4:16-18
Registered Charity 1141875