View the Fiscal Year 2020 Annual Report here
Ministry Highlights – Fiscal Year 2021
We praise God for His continuing work in churches and church planting across Canada. New plants have been launched this year in Ontario (Newcastle and Mississauga), in Alberta (Edmonton), and in BC (Pender Island). In addition, there have been 16 churches supported through VMC’s in-trust church planting system that offers coaching, accounting, and administrative support. We are thrilled to see a good mix of new immigrant, second generation, multicultural, and traditional Canadian plants. And we joyfully celebrated 10 years of ministry alongside Vision Ministries Kenya.
During these months of pandemic stress, we have been led to inspire leaders to sustain their mission and explore new ministry opportunities. We produced and shared a document regarding decentralized church life and ministry. And we convened two-hour discussions with 60+ church leaders in small groups to share strategies and to pray for one another.
We have been excited to launch two new ministry areas this year, focused on urban ethnic needs:
- Chinese Church Association (CCA), a Mandarin speaking Chinese church network in the Greater Toronto Area, already involving three churches and planting a new church
- Evangelical Church Winning All (ECWA), the beginning of a Nigerian church planting network in Toronto and Mississauga
VMC also offers consulting and transitional ministry when churches are undergoing change. Consulting activity occurred with 17 churches across our nation: Atlantic (1), Quebec (1), Central ON (5), SW ON (4), Eastern-ON (2), AB (2), BC (2). Approximately 20 leaders/pastors have been coached with varying degrees of involvement, including bi-monthly meetings with leaders of ethnic sub-networks. In addition, there have been four churches in transition during this year. This work requires significant focus and resources. Due to the demand, VMC has been seeking to mobilize transitional leaders.
Through the disorienting and fatiguing period of the past year, most of our VMC leaders have weathered the period well. We praise God for the way that He has sustained our organization and so many of our leaders by the Spirit’s power.
Financial Highlights – Fiscal Year 2021
We praise God for His provision of finances throughout the pandemic and particularly this fiscal year of 2021 (Jul 2020 – Jun 2021). The nourishing of mature churches and young plants has become ever more essential. During this period, VMC has focused its activities on relationships and endeavours that assist churches in staying on mission and encouraging people to follow Jesus.
For fiscal year 2021, the VMC General Fund Operating Excess of revenue over expenses was $197,443 before investment income vs an expected deficit of $50,480. Operating Excess benefited from significant positive inflow of COVID government grants through the Canadian Emergency Wage Subsidy program (CEWS) and an unusual church donation.
The operating excess was also supported by:
- a $34,000 increase in revenue excluding CEWS vs prior year
- a $33,000 reduction in travel expenses vs prior year,
- wages and benefits flat to budget and down 5% from last year,
- administrative expenses favourable to budget by 16%, and 12% lower than prior year.
Total Overall revenue (General and Project Funds) improved 12% compared to the previous year.
Project fund revenue supporting church planting was up 9% from prior year ($1,463,782 vs $1,347,090).
We give glory to God for His provision to continue the mission!