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WESTMINSTER UNITED CHURCH 2020 ANNUAL FINANCIAL REPORT

Table of Contents Table of Contents 2Letter from the Minister 3Governance at Westminster 4Donation Statistics 4Membership Statistics for 2020 5Staff 5UCW Financial Report 6St. Andrew’s Cemetery 7Wesley Methodist Cemetery 8Balance Sheet 9Investment Report 10Financial Statement — 2020 Year-End 102020 Income Statement & Proposed 2020 Budget 112021 Budget Notes 12

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All designated Funds will be used for the purposes designated until the need is either met or cannot be completed for any reason, at which time all remaining funds designated for that purpose will be used for other approved programs at the discretion of the Connexions Council. Under no circumstances will donated funds be returned to the donor.

Letter from the Minister

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Despite the topsy-turvy year 2020 was, Westminster’s finances actually faired quite well. While we saw a small dip in donations overall, we know that folks have had their own worries at home and still found the generosity to support their church and care for others who might also be finding it hard . . . or harder – “well done, O good and faithful servants!”

Government payroll relief funding (CEWS) has helped a lot this past year and our expenses were also down due to less activity. We are not budgeting towards either scenario in 2021, though. Following United Church of Canada advice, we are presenting a budget that would reflect normal day-to-day operations if there were no pandemic, because we really don’t know what to expect. A budget, after all, is a ‘best-laid plan,’ not a hard and fast rule. As in life, circumstances can cause us to have to pivot along the way and 2020 saw a whole lot of pivoting!

We will do well, as always, to remember the reason behind any of the financials we’re discussing. No church is meant to turn a profit – it’s funds should be used for the greater good as part of God’s ministry in the world. That being said, though, we also know that less money, or poorly managed money will hamper our ability to do the things we want for our community. We need to save towards bigger missions. We need to be prepared for the future. We need to keep our eye on providing the ministry to which we’ve been called. We need to trust in God’s abundance, for it never ends.

Many thanks to our Bookkeeper, Lisa Morris, and our Treasurer, Marjorie de Boer, for their tireless work and commitment to our church finances. They have both done a phenomenal job of minding the day-to-day operations, reporting clearly to the Council each month, overseeing investments and all the changes due to COVID, and compiling this report and budget. It is a lot of work, more so this past year than most, and we are forever grateful.

And thank YOU! You have helped make the vital ministry that Westminster has offered during the pandemic possible. These pages are made up so much more than just numbers – they are a reflection of your generosity, your commitment, your faith! After all, we aren’t called to give to the Church – we are called to give through the Church – and you have done so generously.

Blessings,

Rev. Mark Marshall

Governance at Westminster

Donation Statistics

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CONNEXIONS COUNCIL Wendy Brown, Chair Michelle Connors Marjorie de Boer, Finance Francine Overeem Karen Payne Carla van Beek-Paterson

MINISTRY & PERSONNEL Hollie Kerr, Chair Tom Loghrin Phil van Beek-Paterson

FUTURES

Eric Oostenbrug, Chair Wendy Brown Joan Houston Mark Marshall Jamie Overeem Al Payne

FINANCE Marjorie de Boer, Chair Dave Leslie, Trustee Lisa Morris, Bookkeeper Wade Schaeffer Lindsay Timmers

PROPERTY Linda Pike Kathy Finch

TRUSTEES Dave Leslie, Chair Larry Binning, Secretary Lorne Matheson Eric Oostenbrug Rev. Mark Marshall

Dollars 2014 2015 2016 2017 2018 2019 2020

Under $50

73 79 77 86

36 36 19

$50-$100 22 14 16

$100-$500 65 44 41

$500-$1,000 33 31 27 33 29 26 26

$1,000-$2,000 20 14 19 20 31 19 20

$2,000-$3,000

25 16 18 18 16 16 16$3,000-$4,000

$4,000-$5,000

$5,000+ 13 8 7 11 10 10 11

Total: 164 148 148 168 209 165 149

Membership Statistics for 2020

Staff Rev. Mark Marshall - Ordained Minister, Music Coordinator revmarkconnexions@gmail.com

Gerard Hamoen - Pastoral Care Minister pastoralcareconnexions@gmail.com

Elizabeth Marshall - Church Life Coordinator, NextGen Minister, Camp Director makingconnexions@gmail.com

Lisa Morris - Bookkeeper financeconnexions@gmail.com

Joel Wallman - NextGen Minister, Camp Supervisor surgeconnexions@gmail.com

Cheryl Marshall - Music Coordinator, Pianist

Deanne Sleeper - Custodian

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Total Resident Members 280Total Non-Resident Members 136Total Members 416

Baptisms 5New Members 16Marriages 4Burials 4Members Removed by Death 4

Communion Services 7

Total Adherents 97

UCW Financial Report

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2020 ActualsBank Balance as of Dec 1, 2019 $ 14,538.07 RevenueEnvelopes 3,590.00Loose 800.00Funeral Luncheon 400.00Donation 200.002019 HST Refund 44.39GIC Interest 42.00Total Revenue 5,076.39ExpendituresMission & Service Fund 3,590.00Memorial Donations 25.00Table Cloth Fabric 242.24Bank Fees 48.00Presbyterial Dues 232.00Coffee Maker for Kitchen 466.69Cheque Printing 69.51Church Telephone 400.00Anniversary Flowers 300.85Kitchen Supplies 117.19Vacuum Cleaner 498.48Total Expenditures 5,989.96Net Income (913.57)Bank Balance November 30, 2020 13,624.50

UCW Officers for 2020: Secretary: Marg Baigent Treasurer: Donna Adams Assistant Treasurers: Linda Pike (Unit IV) Helen Dinner (Trillium Unit)

SPECIAL DONATIONS TO UCW:

These donations are to be used at the discretion of Westminster UCW.

INVESTMENTS:

$2,000.00 from Jessie MacKay Interest Rate: 2.00 % per annum Paid Annually : March 9th Maturity Date: March 9, 2021

ESTATE OF LORNA FERGUSON:

GIC Investment: $9,220.17 Interest Rate: 0.45% Invested: December 4, 2020 Maturity Date: December 4, 2021

UCW MEMBER DONATION:

GIC Investment: $3,500.00 Interest Rate: 0.05% Invested: December 4, 2020 Maturity Date: December 4, 2021

Budget for 2021* 2020 Budget

2021 Budget

Mission & Service Fund 2,500.00 2,500.00Presbyterial Dues 232.00 230.00Outreach: Community, Supply & Welfare Literature, Education & Leadership 150.00 100.00Kitchen Supplies 500.00 100.00Flowers, Cards and In Memoriam 500.00 400.00Shut-Ins, Christmas 150.00 150.00Unit Speakers 100.00Audit (Treasurers’ Books) 50.00 50.00Church Telephone 400.00 400.00Church Furnishings 500.00Bank Charges 100.00 50.00Miscellaneous: 18.00Total Budget 5,200.00 3,980.00

*The 2021 budget may not be accurate due to COVID restrictions and the ability to run UCW programs & events.

St. Andrew’s Cemetery Financial Report - 2020

For submission in the Westminster United Church Annual Report

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ST. ANDREW’S CEMETERY BOARD FINANCIAL REPORT – 2020 For submission in Westminster United Church Annual Report RECEIPTS Bank Balance Dec. 31, 2019 $ 581.25 Revenue – Plot Sales 1,080.00 Revenue - Niche Sales 1,785.00 Perpetual Care Trust Funds Collected 1,085.00 Income from Burial's 1,350.00 Revenue Canada - HST Collected 507.00 Interest Earned 1,448.97 Township of Zorra – Grant 2,500.00 Donation – Anonymous 2,000.00 GIC Maturities 30,340.80 Total Receipts + 42,096.77 = $ 42,678.02 EXPENDITURES Liability Insurance 200.00 Safety Deposit Box Rental 101.70 Revenue Canada – HST Payments 650.00 Grass Cutting & Trimming 1,977.50 Cemetery Maintenance 400.00 Bank Service Charges 48.00 Scotia Trust re Perpetual Care Trust 1,085.00 Opening & Closing Graves 350.00 Printing – Sales Contracts 42.94 Memorial Donation – Young 40.00 Miscellaneous 25.47 GIC Purchases/Renewals 36,909.45 Total Expenditures 41,830.06 Bank Balance Dec. 31, 2020 + 1,412.96 Less Outstanding Cheque - 565.00 = $ 42,678.02

Sharon Warner - Treasurer Lorne Matheson - Chairperson

Wesley Methodist Cemetery

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Wesley Methodist Cemetery

Balance Sheet

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Balance Sheet December 31, 2020

ASSETS LIABILITIES & EQUITY Current Assets Liabilities

Chequing/Savings Current Liabilities

RBC Benevolent Account 1,985.66 Accounts Payable

RBC General Operating Account 25,622.01 Accounts Payable 1,357.54

RBC Restricted Funds Account Total Accounts Payable 1,357.54

ACDC After School Program 838.90 Other Current Liabilities

Angel Breakfast 248.00 GST/HST Payable -1,629.87

Building Reserve 2,882.36 Internally Restricted Funds

Camp Connect-Financial Assis. 1,764.43 AC/DC-After School 838.90

Camp Connect-Summer Camp 3,257.88 Angel Breakfast 248.00

Choir 2,083.26 Benevolent 1,985.66

Community Connexions Building Reserve 2,882.36

Grant - Community Connexions 2,900.00 Camp Connect-Financial Assis. 1,764.43

Community Connexions - Other 528.03 Camp Connect-Summer Camp 3,257.88

Total Community Connexions 3,428.03 Choir 2,083.26

Futures-20/20 Vision 51,844.13 Community Connexions

In Memoriam Grant - Community Connexions 2,900.00

Worship Like it's 2020 2,943.97 Community Connexions - Other 528.03

In Memoriam - Other 2,083.98 Total Community Connexions 3,428.03

Total In Memoriam 5,027.95 Futures 51,844.13

Roof Repairs 10,260.85 In Memoriam 4,638.42

Security Deposits 100.00 Roof Repairs 12,760.85

Westminstral Players 1,866.50 Security Deposits 100.00

Youth Group 302.35 Westminstral Players 1,866.50

Total RBC Restricted Funds Account 83,904.64 Youth Group 302.35

Total Chequing/Savings 111,512.31 Total Internally Restricted Funds 88,000.77

Other Current Assets Security Deposits 100.00

Investments Total Other Current Liabilities 86,470.90

GIC-Camp Connect 10,103.56 Total Current Liabilities 87,828.44

GIC-Choir 9,000.00 Total Liabilities 87,828.44

GIC-Locked-in 1,069.87 Equity GIC General Account 10,000.00 Equity in Investments 151,715.81

Manse Investment GIC 11 10,166.58 Retained Earnings -25,248.57

Manse Investment Non-Redeemable 71,375.80 Net Income 49,867.90

Manse Investment Redeemable 40,000.00 Total Equity 176,335.14

Total Investments 151,715.81 TOTAL LIABILITIES & EQUITY 264,163.58

Prepaid Accounts Camp Connect Promotion 935.46 Total Prepaid Accounts 935.46 Total Other Current Assets 152,651.27 Total Current Assets 264,163.58 TOTAL ASSETS 264,163.58

This balance sheet is a snapshot of the financial situation of the Westminster on December 31st, 2020.

Balance Sheet December 31, 2020

Investment Report

Financial Statement — 2020 Year-End

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Name Amount Maturing ReinvestmentsInvestment 14 – Camp Connect Redeemable Interest reinvested

$10,103.56 3/12/21 270 Days @ 1.200%/annum anticipated interest: $89.69

Investment 15 – Memorial Funds Redeemable

$10,000.00 3/16/21 270 Days @ 1.2%/annum anticipated interest: $88.77

Investment 47 – Choir Non-redeemable Interest directed to Choir Acct.

$9,000.00 10/01/23 5 Year @ 2.35% anticipated interest:

$1,332.56

Investment 11 – Manse Fund Interest reinvested

$10,166.58 1/7/21 1 year @ 0.500% anticipated interest: $50.82

Investment 14 – Manse Fund Non-redeemable

$71,375.80 3/14/21 270 Days @ 1.200%/annum anticipated interest: $633.58

Investment 15 – Manse Fund Non-redeemable

$40,000.00 3/14/21 270 Days @ 1.200%/annum anticipated interest: $355.07

Investment Note: A por'on of previously Restricted Manse Funds were released by ARWRC to repay the $10,000 Manse Fund loan and to provide opera'ng expense relief during the pandemic.

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2020 Income Statement & Proposed 2020 Budget

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DESCRIPTION 2020 Actuals 2020 Budget 2021 BudgetIncomeCamp Connect 4,234.56 61,300.00 61,300.00NextGen Program Income 600.00 1,600.00 800.00Building Reserve Donations 0.00Angel Breakfast Donations 50.00Bell Tower Repair Donations 7,503.34Community Connexion Donations 3,704.0020/20 Vision Donations 6,583.33 12,500.00 30,000.00General Donations 160,179.15 142,715.00 154,580.95General Bequested Donations 0.00In Memoriam Donations 2,065.00 600.00 600.00Mission & Service Donations 8,743.00 7,500.00 8,000.00Memorial Hymn Sing Donations 925.00 750.00 750.00Roof Repair Donations 12,790.00 2,500.00Thanksgiving Food Drive Donations 0.00Westminstral Players Donations 0.00Westminster Groups Donations 0.00 150.00 0.00Fundraising Income 3,250.00 34,000.00 25,000.00Fundscrip Income 1,839.45 2,000.00 2,000.00Funeral Income 0.00 400.00Interest Income 2,855.13 2,800.00 2,800.00Pop Can Revenue 0.00 500.00 500.00Rental Income 634.55 1,000.00 1,000.00Rederal Wage Subsidy Program 32,144.17 4,625.71United Church Women Donations 400.00 400.00 400.00Other Income 882.99Total Income 249,383.67 268,215.00 294,856.66ExpensesAdministration Budget 18,010.84 18,200.00 19,458.00M&P Budget 142,927.80 149,301.00 146,109.32Property 25,426.63 33,875.00 41,900.00Adult Programming 64.15 1,150.00 1,150.00Camp Connect 0.00 54,414.00 54,414.00NextGen Programs 2,066.10 3,825.00 2,800.00Hospitality Team 0.00 500.00 500.00Worship Team 1,370.50 2,000.00 2,750.00Community Connexion Team 0.00 3,772.00Rental Services 50.00FUNDRAISING EXPENSES 856.75 9,200.00 9,200.00MISSION & SERVICE REMITTANCES 8,743.00 7,500.00 8,000.00Charitable Contributions 250.00Benevolent Expenses 0.0020/20 Vision Expenses 30,000.00Internally Restricted Fund Assets released from Restrictions -15,690.00Total Expenses 199,515.77 280,215.00 304,363.32Net Income 49,867.90 -12,000.00 -9,506.66

2020 Income Statement & Proposed 2021 Budget

2021 Budget Notes

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Note 1: General Dona=ons -based on 3 year average of $154,580.95; (2020 - $160,179.15, 2019 - $150,306.00, 2018 - $153,257.70).Note 2: Internally Restricted Fund Assets released from Restric=ons Include: Roof Repair Dona'ons of $12,790 received in 2020; Community Connexion Grant of $2,900 received in 2020;

Westminster United Income/Expenses Summary2020 Actual 2020 Budget 2021 Budget

Income 249,282.67 268,215.00 294,856.66 Expenses 199,515.77 280,215.00 304,363.32 Difference 49,766.90 -12,000.00 -9,506.66

Camp Connect Income/Expenses Summary2020 Actual 2020 Budget 2021 Budget

Income 4,234.56 61,300.00 61,300.00 Expenses 0.00 54,414.00 54,414.00 Difference 4,234.56 6,886.00 6,886.00

Restricted Funds Income/Expenses Summary2020 Actual 2020 Budget 2021 Budget

Income 33,620.67 13,750.00 34,350.00 Expenses 0.00 0.00 33,772.00 IRF Available * 2,900.00 Difference 33,620.67 13,750.00 3,478.00 * Internally Restricted Fund Assets released from Restric'ons - Community Connexion Grant of $2,900 received in 2020

General Expenses Income/Expenses Summary2020 Actual 2020 Budget 2021 Budget

Income 211,528.44 193,165.00 199,206.66 Expenses 199,515.77 225,801.00 219,077.32 Difference 12,012.67 -32,636.00 -19,870.66

General Expenses Income/Expenses Summary2018-2020

2020 2019 2018Income 211,528.44 214,680.00 204,448.86 Expenses 199,515.77 227,188.00 215,402.03 Difference 12,012.67 -12,508.00 -10,953.17