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CCE Finance Update

CCE Finance Update. 19 th September 2010. CCE Finance Group. Ashleigh Dunn Andrew Hook Matthew Reilly Colin Symes Rupert Ward. Context. The most challenging financial climate in living memory. Seeking to run counter to the recessionary culture.

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CCE Finance Update

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  1. CCE Finance Update 19th September 2010

  2. CCE Finance Group Ashleigh Dunn Andrew Hook Matthew Reilly Colin Symes Rupert Ward

  3. Context • The most challenging financial climate in living memory. • Seeking to run counter to the recessionary culture. • Growth budget set to fund missional projects and new youth and student workers. • Amazing provision in 2008 of a substantial gift that provided confidence to stretch ourselves. Thank you Lord! • Cash position allowed us to do roof repairs and other longstanding maintenance issues. • We’ve got nearly £38k unrestricted cash at the moment plus just over £5k in the building fund.

  4. Headlines • Unrestricted income to the end of August was £139, 374. • Worse than budget by £11,253 (7.5%). • The growth budget / missional projects offering of £4,254 was better than budget of £4k. • Tithes are £9,683 worse than budget (8%) and the last few months have seen substantial reductions. • Unrestricted cash deficit is currently better than budget by £1,081, though partly accounted for by the timing of payments. • If income does not improve, there could be a deficit on normal running costs of £10,000 - £15,000.

  5. The Pattern of Income

  6. Challenges for our community • The income pattern is short of our aspirations. • We want to fund missional projects – both those already in place and those yet to come. • We do not want to cut wages of those who tirelessly for our community or cut budgets for the work we do. • We do not want to focus on finances to the detriment of our calling as a church. • We want to trust in God’s faithfulness and provision. • We must remain good stewards of the Kingdom finances. • We want to have confidence to meet other challenges in the future.

  7. Where do we go from here? Pray Respond Pray again Give thanks Get excited Pray once more Give?

  8. How to give Regular standing order GAYE Offerings If in doubt, please speak to one of the Finance Team

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