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Lakeside Community Church Annual Report

For the year 2017

F E B R U A R Y 2 0 1 8

F E B R U A R Y 2 0 1 8 DEAR LAKESIDE COMMUNITY CHURCH FAMILY: Please find attached the proposed budget for 2018, which is compared to last year’s budget as well as last year’s actual expenditures. Last year was another year filled with God’s blessings, highlighted by your generous monthly giving. I think you will agree that we have many reasons to give God all the Praise and Glory for his financial provision and the open hearts and hands of so many in our Church family that opened countless opportunities to serve this Church, the Salmon Arm Community and so many individuals locally and even in different places outside of Canada. Highlights for 2017 included the intensified discernment of God’s will and vision of how to make good use of the entrusted funds out of the Property sale. We continued with a stable core tithe of 10% to our parent church organization (Free Methodist Church in Canada). Each Sunday we see and hear a vivid Kids Zone being a vital part of our Church. Kids Zone and Lakeside Youth are currently sponsoring two children with ICCM (International Child Care Ministries). The Youth is continuing to sponsor Jeff in Haiti and Kids Zone is supporting a girl in the Philippines. Through your participation, donations of cash and other items we were able to ship a record number of 419 shoeboxes packed with love, to lovely kids and in support of Operation Christmas Child. In addition, we raised $3,245 to cover shipping costs. For this year 2018, we are quite excited as Lakeside works together, and continues to seek God’s direction and call as we are discerning the reason for why we are downtown. We will continue to be supportive of the efforts of the BCL-Team (The Refugee Committee with representatives from Broadview Church, Crossroads Church & Lakeside Church) and their effort to possibly bringing in another Refugee Family to Salmon Arm in the future. We will continue to support our missionaries – Rachel Lawrance (AIM), Marc Fromme (NAIM) ;) and the ministry of Wellspring to fund a classroom in Rwanda. Through the year there were several times of concern, because our monthly giving didn’t line up with our Budget. I would like all of you to put this ongoing concern into prayer. Please pray for God’s continued financial provision for us as a church and his continued blessings. Please be also in prayer about what God is asking you to do regarding your personal giving towards this Church and for the ministry we are doing together. The numbers on the next page are more than dollars and cents. They represent your partnership in the Gospel not only here in Salmon Arm but across Canada as we partner with FMCiC ministries and internationally with Operation Christmas Child, ICCM, AIM and Wellspring. Looking ahead let’s trust God and step out in faith, growing in generous and consistent giving. S I N C E R E L Y M A R C F R O M M E T R E A S U R E R

2 0 1 7 S T A T E M E N T O F I N C O M E A N D E X P E N S E S A N D 2 0 1 8 P R O P O S E D B U D G E T REVENUE General Revenue 2017 Actual 2017 Budget Proposed 2018 1 Donations - general & designated 161,698.18 182,100.00 178,760 2 0.00 0.00 0 3 Other Revenue 197.28 2,000.00 200 4 Gifts-in-Kind 0.00 0.00 0 5 Net General Revenue 161,895.46 184,100.00 178,960.00 Other Revenue 6 Interest Revenue 2,028.68 500.00 1000 8 Gain (Loss) on Sale of Assets 0.00 0 9 Total Other Revenue 2,028.68 500.00 1000 10 TOTAL REVENUE 163,924.14 184,600.00 179,960.00 EXPENSE 11 Total Payroll Expense 79,240.69 80,000.00 80,000.00 General & Administrative Expenses 12 Accounting & Legal 893.11 1250 1100 13 Advertising & Promotions 236.79 500 300 14 Amortization Expense 8,746.52 9000 9000 15 Education/Professional Development 1,928.97 2000 2000 16 Licenses, Fees, Dues 337.25 300 350 17 Insurance 2,957.00 2900 3000 18 Interest and bank charges 574.30 650 650 19 Office Expense 2,067.37 2400 2500 20 Property Taxes 0.00 0 21 Real Estate Commission 0.00 0 0 22 Repair and Maintenance 2,470.37 3500 3000 23 Travel and Entertainment 741.12 500 750 24 Rent 32,045.00 32100 32100 25 Phone & Utilities 5,975.69 7500 6500 Ministries 27 Core Tithe 15,531.66 16000 16000 28 In House Expense 421.24 400 400 29 Benevolence 4,318.04 300 300 30 Kidzone 1,984.84 2000 900 31 Prayer 102.21 200 0 32 Outreach 360.16 1000 1500 33 Youth 141.41 1000 1200 34 Compassionate Care 3,765.00 3500 2500 35 Small Groups 1,683.18 1000 1000 36 Freedom Session 0.00 650 200 37 Internship 2,647.50 2500 2500 38 Leadership Development 1,116.51 800 800 39 Worship 1,314.12 2700 1250 40 Volunteer Appreciation 50.00 500 500 41 Missions 6,060.00 8250 7260 42 Ministry Supplies 400.87 400 400 43 Guest Speakers 1,006.24 800 2000 44 Refugee Sponsorship 0.00 0 0 45 Total Expenses for Ministries 40,902.98 42,000.00 38710 46 TOTAL EXPENSE 179,117.16 184,600.00 179,960.00 47 NET INCOME -15,193.02 0.00 0.00 “My family is the best thing I have. I’m glad that we are now reunited. We will make this country our new home and the home of our future grandkids. When I was new here, I felt like a lost sheep. I’m thankful that God found me. Our Lakeside church has provided the spiritual and emotional sanctuary that I needed. Thank you Pastor Ken and the Lakeside Community Church for all the prayers and support.” 26 Total General & Admin. Expenses 58,973.49 62,600.00 61250 ~ W A J A B E L L A

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