Church Finances December Update

We have 3 weeks left until we reach our financial year-end.  As you can imagine, it has been a tough year and our reserves have taken a knock with our building being closed – the loss of hall income, loss of donations from the plate and a reduction in our envelope income.

At the start of 2020, we had £121k in the bank, made up as follows:

Vision 2020 Building Fund

Other Church Funds

Total

£58,102

£63,852

£121,954

As at the end of November, we have £173k in the bank, made up as follows:

Vision 2020 Building Fund

Other Church Funds

Total

£124,802

£48,998

£173,800

As you can see, we have raised significant sums for our building development work. We are grateful to the generous donors and funds for their tangible support. At the same time, we have depleted our general funds by £15k. The main reason is that, with our buildings closed for much of the year, our hall letting income has disappeared and our Sunday collections have significantly reduced. There are some further one-off expenses due to be paid before the end of the year which will leave us with a deficit of around £18,200 on our general funds.

We would be really grateful if you would prayerfully consider giving a Christmas present to the church along with your Christmas card this year!  If you are able, a one-off payment before the year-end would be a real encouragement – either to help us to reduce our forecasted deficit or to support us in reaching our building work target.

Blessings and thanks to you all for your support in 2020.
Alison Franks (Finance Convenor)