1 ## Financial Report Cosheston Mission Church 2022 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 Registered Charity 1141875 2 ## Cosheston Mission 2022 Despite an outbreak of Covid in the church after Easter we remained open and fully active throughout the year. Our work amongst the children with Challengers still remains ‘furloughed’ due to not enough workers to cover the meetings under our current safeguarding guidelines; the Ladies Meetings began again in the Autumn/Winter term; we were able to hold our Harvest service in the church building and our Christmas Eve gathering in the village Hall; both were very well attended. Sunday School was back in action; guest preachers and missionary organisations able to join us. The Pastor has been paid every month, work has been carried out on the church, upgrades have been made to the outside of 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: - 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; - 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 - 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 3 By the grace of God 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: - missionary support came to £3121.80, which amounted to 11.3%of the church’s expenditure - our water and electricity bills are all now paid by Direct debit - our expenditure on the Village Hall amounted to £0 - we now pay HMRC (Tax man) by Bank Transfer, along with any visiting preachers or missionaries - the Pastors pay is still on Direct Debit for the 6[th] of each month - we decided not to change our Public Liability and Building Insurance brokers who charge £644.45 this year (£70.78 more than 2021) - 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 - Pastor’s expenses in averaged out at £164 pm - we spent £986 on repainting the outside of the building - we spent £254.75 setting up DBS Certificates through ‘Thirtyone:eight’ for all those who required them. - our annual Stewardship offering amounted to £20,593.49 down from £21,032.29 in 2021 - We have put together a table showing our income/expenditure from the end of December 2021 through to end of December 2022 Registered Charity 1141875 Expenditure exceeded Income in 9 of the 12 months. 3770 72 3379.73 3278,9 31S1.07 2947.66 2822.8 27J7.48 2729.95 25(Y) U79.Z5 2414 51 226Q93 2JLOI 222466 2138. 2C•316 1917.66 1942.&S 1732.79 1773.98 Jai Feb Apr May Ju sept Dec Income n Expenditure Registered Charity 1141875 5 Here is a full break down of our finances for 2022 Registered Charity 1141875 6 **Income for 2021 £28,055.41 Expenditure 2021 £30,837.39 Income for 2022 £27,681.49 Expenditure 2022 £30,194.40** The Audit for our accounts has taken place and has been signed off. Registered Charity 1141875 7 At the end of the day, … 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 seen are temporary, but the things which are not seen are eternal. 2 Corinthians 4:16-18 Registered Charity 1141875