2021 Annual Meeting I October 6 FINAL SLIDES

AnnualMeeting

October 6, 2021

Islington United Church

Part 1

October 6, 2021

Getting Connected

Acknowledgement of the Land and Opening Prayer

Welcome and Call to Order

FY2021 Year in Review: We Make the Road by Walking

Thank You, Volunteers

In Memoriam

Retiring Members of Church Council

Retiring Member of Board of Trustees

Agenda


Treasurer’s FY2021 Financial Report

Board of Trustees FY2021 Financial Report

Election of Church Council

Supporting Our Ministry

"This Is Us" History Project

Adjournment and Prayer

Agenda cont'd.

Islington United Church October 6, 2021

elect Carole Bennett as chair and Randee Marquez as secretary of thisannual meetingadopt the agenda of the October 6, 2021 Annual Meeting Part 1, ascirculatedapprove the minutes of the congregational meeting of September 23,2020 and annual meeting of October 7, 2020, as circulatedextend voting privileges at this meeting to the adherents of IslingtonUnited Church

MOTION by Marjorie Booth / Seconded by Murray Woodthat the members of Islington United Church

Motion: Governance



FY2021 Year in Review


New eavestroughs & downspouts

Expanded Giving Garden withtables & outdoor hydroponics

Fenced-off playground for GISTschool children


Upgraded fire &evacuation equipment

New security camerasinside & out

New video intercom & entry system for GIST &Church Office


New large capacity walk-in refrigerator

New cooktops, ovens& hood venting

New pass-through &in-out doors to SE Hall


New Church Office receptioncounter from hallway

New Church Office layout &reception counter

New Manager of Operations officeconnected to Church Office


Refreshed Scout Hall

New Youth Room cupboards & GISTteacher workstations

New Stewart East Hall windows &kitchen entrances


New John Barley Library on main floor

New Music & ChoirRoom below the Chancel

Expanded AV console inSanctuary for recording &

live streaming


FY2021 Year in ReviewWe Make the Road by Walking


Gratitude for Volunteers

In Memoriam: July 1, 2020 - June 30, 2021


Ransford Chambers

Noemi Chellew

Robert Davies

Audrey Domina

Marion Fraser

Nancy Garton

Laurie Graham

Rob LePage

Betty MacGregor

Shirley Male

Evelyn Phillips

Dale Pringle

Robert Taylor

Bruce Ure

Charles "Draper" Wood

October 6, 2021


Heather ChildsSecretary

October 6, 2021

Retiring Members of Church Council

Bob ShirerChair

Facilities Committee

Elsa van VlietChair

Worship & Music Committee

Retiring Member of Board of Trustees


The Board of Trustees at Islington United

Church is accepting the resignation of

Laurie-Beth Page with regret and deep

gratitude.

Laurie-Beth has been a trustee since

February 2002.

October 6, 2021

MOTION by Rev. Maya Landell / Seconded by Don Hunterthat the congregation of Islington United Church remove Laurie-Beth Pagefrom the Board of Trustees and recognize and celebrate her many years offaithful service with gratitude.

Motion: Retirement of Laurie-Beth Pagefrom Board of Trustees


Treasurer’s Report: July 1, 2020 - June 30, 2021


Revenue Expenses Surplus/(Deficit)

FY 2021 $1,105,458$1,140,372($34,916)

2021 Budget$1,103,698 $1,136,725 ($33,027)

FY 2020 $1,030,413$874,551 $155,862

New Expense Categories


Affirm MinistryInterfaith CirclerEcess IslingtonRight Relations Circle Mission & Service

Church CouncilBookkeeping & AuditBank ChargesDenominational Fees

Family MinistryChurch SchoolYouth ProgrammingCampsLibraryAdult ProgramsLIFE Program

Aligns with organizationalstructure

GovernanceSocial JusticeFaith Formation

FacilitiesSalaries & BenefitsWorship & MusicHospitality

Revised account structure

Some new:

Some old:

Governance Social Justice Faith Formation

FY2021 Sources of Revenue


FY2021 Distribution of Expenses


Investment Returns in FY2021


The portfolio has been heavily invested in fixed income (bonds), whichhas low yields (interest rates)There was considerable sale of securities in the summer 2020 forcompletion of multiple capital projects (kitchen, building, etc.)

Returns

2018

4.63%2019 0.14%

2020 0.87%

2021 5.02%

Key Assets


Equity

TUCC Loan

Fixed Income

Other Receivables

Cash & Cash Receivable

ASSET ALLOCATION

Highlights


$000s

Memorial

Helping Hands

Refugee Support

Music - Special

Benevolent

Resonance

OpeningBalance

$392,984

$58,567

$75,279

$15,669

$14,432

$0

Additions

$182,366

$61,103

$23,439

$41,845

$28,006

$60,531

Withdrawals

$151,827

$35,506

$21,972

$34,202

$23,081

$20,000

ClosingBalance

$423,533

$84,254

$76,746

$23,312

$19,267

$40,531

Major Memorial Fund Expenditures


Stewart East Hall Kitchen Project

GIST-related

$000s

$438,000

$45,000

Many capital projects for the building were expensed in the Operating Fundduring 2020/21. Council secured approval from Trustees for 100% of theGIST revenue in exchange for making capital expenditures from Operations.

Summary Balances


$000s

Memorial

Discipleship

Good Neighbour

Other Trust Funds

Operating Contingency

June 30, 2021

$423,533

$7,538

$5,647

$11,815

$4,498

MOTION by John Leavitt/ Seconded by Ian McPhersonthat the congregation of Islington United Church approve the FinancialStatements for Fiscal Year 2021 (July 1, 2020 to June 30, 2021) aspresented at the Annual Meeting on October 6, 2021.

Motion: Approval of FY2021 FinancialStatements


MOTION by John Leavitt/ Seconded by Ian McPhersonthat the congregation of Islington United Church approve the contractingof Adams & Miles LLP for preparation of our reviewed financial statementsfor FY2022.

Motion: Approval of Accountants forFY2022


MOTION by Joan Beaver/ Seconded by Bev Waltonthat the congregation of Islington United Church elect the followingmembers to Church Council effective October 6, 2021:

Motion: Election of Church Council Members


Dave Allen, Chair, Ministry and Personnel CommitteeCarole Bennett, Chair and Shining Waters Regional Council RepresentativeIsla Grady, Chair, Hospitality Committee and United Church Women (UCW) RepJack Grady, Chair, Pastoral Care CommitteeJohn Leavitt, TreasurerPeggy Sheffield, Chair, Communications CommitteeSteve Tower, Vice-chairSandra Tully, Chair, Faith Formation Committee Janet Wells, Chair, Facilities CommitteeCarol Wilson, Lead, Social Justice Network

Motion: Election of Church Council Members


Jason LockeMinister of Music

Lorraine FaitAdministrative

Assistant

James AitchisonPastoral CareMinistry Lead Laurie Lyle

Manager ofOperations

Cynthia SmithersChildren &

Families MinistryCoordinator

Maya LandellLead Minister

Randee MarquezCommunications

MinistrySpecialist

Leslee ArmstrongMinistry Support

AdministratorSupporting Our Ministry

Disciplesin Christ

James AitchisonPastoral CareMinistry Lead


"This Is Us" History Project

Prayer and Adjournment


Join us for 2021 Annual Meeting Part 2on Wednesday, October 27 at 7:00 pm

Documents

2021 Annual Meeting I October 6 FINAL SLIDES