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We want to be wholly transparent with the Community in terms of what is going on financially both within the church and the "Building Bridges Project".
There will be some crossover between this website and also our Project website in terms of the application for grants etc, but grants will be for "community based" activity only.
www.buildingbridgesintongemoorbolton.co.uk The Church holds an Investment Portfolio of £130,000 (long term) to fund the Building Bridges Project and use of the Children's Centre over the next 10 yrs. This is currently yielding £846 per month and is being dispersed into the Fellowship Fund (Current Account) (approx 10%) and the Community Fund (Project Account) (approx 90%). It is hoped the overall yield will be circa £10,000 pa. We will transfer £7,500 to the Community Fund each year for the next 10 years,(this will be used to pay rental for use of the Centre (currently £5,000 or 12.5% of the annual running cost, whichever is the greater, (though in real terms our use of the centre is only around £1,500 -the balance of £3,500 (£5000) is seen by the church as a contribution towards the centre running costs)). £1000 will remain in the Fellowship Account to balance the books.
The Church also had £60,000 in short term investments but this has diminished to below £40,000 due to us having to purchase a Manse and pay a £1150 mortgage each month. It is anticipated that this fund will have gone completely within 3-4 yrs.
The church has a Memorial Account which is made up of bequests. It stood at around £4500 at the beginning of the year. Due to the church having to purchase new furnishings this has diminished and now stands at £89.24 (October 2007).
The church has £12,000 invested in Income Bonds. This yields an average income of £40 per month which goes into the Fellowship Account and is used to balance the books.
Finally, the church holds some 3.5% War Stock Certificates which yield £49.05 in June and December each year - this is again used to balance the books.
If you have any questions regarding our accounts please feel free to ask by contacting the Church Officers - see contact pages on this website.
This is by no means the end of our search for financial support. We are actively exploring other avenues in order to take us forward into 2016!!!!! Income & Expenditure 2008
January 2008
Income £3006-72
Expenditure £2237-02
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February 2008
Income £3709-81
Expenditure £4701-12 (includes £1550 for Electrical Work to the Manse)
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March 2008
Income £4240.37 (includes Mortgage from Investments; Gift Aid Tax relief and monthly income from investments)
Expenditure £2136.28
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April 2008
Income £5339.38 (includes monthly receipt from Investments for Mortgage and Closure credit from Bolton East Pastorate)
Expenditure £3827.57 (includes mortgage repayments and quarterly transfer of Investment income to Community Account)
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May 2008
Income £2,248.11
Expenditure £2,008.69
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June 2008
Income £2159.62
Expenditure £1983.58
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July 2008
Income £6318.33 (includes £3000 award)
Expenditure £4746.30
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August 2008
Income £1870.11
Expenditure £5973.46 (includes £3000 award transferred to Community Account)
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September 2008
Income £2263.12
Expenditure £2246.97
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October 2008
Income £3182.54
Expenditure £3250.82
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November 2008
Income £1752.21
Expenditure £2404.13
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December 2008
Income £1822.48
Expenditure £3899.26 (includes quarterly transfer of funds to Community Account)
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If you wish to make such a donation to our "Church in Community" you will need to quote the code JAK66RG on your Self Assessment Tax return. Please feel free to do so, anonymously if you so wish! Income & Expenditure 2007
Dec-Jan - 2007
Income £1,019.03
Expenditure £859.13
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February - 2007
Income £843.40
Expenditure £1,082.19
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March - 2007
Income £21,512.83 (includes £20,000 transferred from Investments to pay for purchase of Manse for CRCW)
Expenditure £941.37
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April 2007
Income £2974.17 (includes GLG Grant and 1st monthly interest from new investments)
Expenditure £15856.82 (includes deposit of £14,000 for new Manse)
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May 2007
Income £1606.33 (including interest from investments)
Expenditure £1557.11 (inlcudes Manse Surveyor Fees/Manse Carpet Cleaning and other Manse Costs)
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June 2007
Income £1776.84 (includes income from Investments)
Expenditure £4283.80 (includes Removal Expenses and 1st Mortgage repayment)
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July 2007
Income £4719.95 (includes income from Investments)
Expenditure £7621.35 (includes Legal Fees for Manse, 2 x Mortgage Payments and £1691-50 (Investment Interest for Apr - Jun proportionally transferred to Community Account)
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August 2007
Income £5058-82 (includes transfer of initial payment for new Church Furniture of £1800 from Memorial Fund and normal mortgage funding from investments and annual running costs etc)
Expenditure £6346-49 (includes initial payment of £1807 for Church Furnishings and Mortgage. Also includes 1st payments towards Electric/Gas for Manse.
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September 2007
Income £2962-12 (includes transfers from Investment to fund mortgage and other monthly outgoings for Manse works/services and as per previous month)
Expenditure £2283-18 (includes mortgage payment and other outgoings for Manse etc)
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October 2007
Income £4012-14 (includes Monthly Mortgage amount from Short Term Capital)
Expenditure £9261.68 (includes final payment for Church Furnishings, Mortgage an Quarterly Interest Transfer to Community Account).
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November 2007
Income £6894.02 (includes £3000 transfer from Memorial Fund to pay for Church Furnishings)
Expenditure £2116.15
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December 2007
Income £3924.69
Expenditure £3197.75
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