Treasurer’s report

First, on behalf of the trustees, I would like to extend much gratitude to the St. John’s staff and volunteers. 2021 was full of uncertainty and change involving, among other things, shifting COVID-19 protocols, changes to facilities availability and a move to hybrid services. It was a very challenging year to plan, schedule and budget for. The staff have done an amazing job overcoming all these challenges, continuing to serve the Lord faithfully through St. John’s various gospel ministries.

Offerings for 2021 were $2.224 million, about $46,000 short of the offering budget of $2.27 million. We also had some additional equipment purchases that were unbudgeted but required to accommodate the hybrid streaming and in-person gatherings. There were approximately $20,000 in program revenues and cost savings and the result was a deficit from operations of $95,471. We are very blessed to have surpluses in the General Fund from your giving in prior years. We are therefore able to cover this deficit from the General Fund and still maintain a surplus of $477,000. The trustees have been greatly encouraged by your donations to the Building Fund. We’ve received donations of $1.5 million in 2021, bringing the total building fund balance to $2.7 million. Please continue to pray over this as we seek a new home for the gospel in Vancouver.

TREASURER

ELI SULLIVAN, ON BEHALF OF THE TRUSTEES OF ST. JOHN’S VANCOUVER ANGLICAN CHURCH In 2021, the various fund balances invested with RBC generated unrealized gains of $92,388, and interest and investment income of $102,733. When the General Bequest funds were received the trustees determined that they would be drawn down over ten years to fund ministries supporting the three pillars of Gospel Proclamation, Gospel Formation, and Gospel Application. As we have had significant investment gains over the past two years, we are able to draw an additional $189,000 in 2022, over and above the planned $280,000, in support of the pillars and still maintain the ten-year timeline. The 2022 budget found on page 47 also includes an offering budget of $2.338 million, an increase of 3% over the 2021 and 2020 budgets. There was no increase in 2021. The expense budget is increasing to $2.8 million with the difference funded from the bequest. St. John’s Vancouver Anglican Church supports many initiatives through which the gospel of Jesus Christ is proclaimed around the world. The St. John’s missions committee supports 13 missions and missionaries. Around 100 Artizo graduates are now preaching to thousands of people. There are over 80 children registered for Sunday school and children’s ministry materials developed by St. John’s staff are used at many churches throughout North America. So, thank you for your generous support of St. John’s. Your donations have an impact far beyond just our immediate community. And please join the trustees in praying that God would use these gifts to grow his kingdom and that many would come to know and trust Jesus through these ministries. For, ‘The name of the Lord is a strong tower; the righteous man runs into it and is safe.’ Prov. 18:10.