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BUILDING PROJECT – PROGRESS
WLBC BUILDING PROJECT – MAKING IT HAPPEN!
GIFT & PLEDGE DAY - What are the highlights?
On Palm Sunday we held our Gift & Pledge Day. Here are the main headlines:-
- 79 Support and Pledge forms were collected up along with five anonymous donations making a total of 84 responses from individuals and families within the fellowship.
- The total amount pledged as lumps sums, in addition to what has already been contributed to the Building Fund, was £101,905 [of which £25,915 was received on the Day].
- The amount now pledged as regular giving to the Building Fund has increased to £4,388 per month.
- In addition, £17,500 has been pledged as loans to support the building project.
All in all this is a very encouraging response indeed and provides tangible evidence of our unity of purpose and a shared desire to see the new building move from being just a plan to becoming a reality through our own sacrificial giving.
What a difference a Day makes!
The total amount contributed to the Building Fund before the Gift and Pledge Day was £340k. To this we can now add the following amounts:-
Additional Gifts received on the Day: |
£26k |
Additional Pledges made: |
£76k |
Estimated Gift Aid: |
£28k |
Loans pledged: |
£17k |
TOTAL once all Pledges fulfilled and Gift Aid received |
£147k |
As a result of this the Building Fund receipts would increase to £487k.
How much will we be able to borrow?
Well this is where the regular giving comes in. As stated above, we now have a regular monthly pledged income stream of £4,388 plus estimated Gift Aid of £1,162 making a total of £5,550. This would enable us to support a BU loan of £483k over 10 years or £624k over 15 years.
So how near are we to raising the funds we need?
A lot nearer is the answer. If you add the total of £495k that we will have received in the Building Fund to the amount we can borrow then we will have a total of £970k if we take the 10 year loan option or £1.111 million if we take the 15 year loan option. We are still short of the £1.5 or £1.6million figure that is needed for the proposed first building phase but we are considerably closer than we were before the Gift & Pledge Day. And there are exciting plans to open up a charity shop near to the church, which would increase our ability to raise funding still further!
What are the next steps?
- First of all, it’s not too late to join in. If you were unable to attend the Gift & Pledge Day service on Palm Sunday, do please arrange to return your Support and Pledge form to either David Carter or Malcolm M’Clelland as soon as you can.
- Secondly, we need to have all those pledges fulfilled so that the figures referred to in this update are reflected in actual Building Fund receipts . For those wanting to implement a pledge for regular giving then please see David or Malcolm – they will be able to supply you with a standing order mandate or if you do your banking on line, the details for the WLBC Building Fund account.
- And the Building Group will certainly be meeting in the near future to discuss how we move forward from this much more favourable position .
Most importantly of all, in the midst of our excitement around the vision for this project and the clear conviction we have that the Lord Jesus Christ is its inspiration, let’s remember the pledge we have all made to pray for the success of this venture in the name of our risen Lord and Saviour.
Easter 2008
Forget the former things;
do not dwell on the past.
See, I am doing a new thing!
Now it springs up;
Do you not perceive it?
I am making a way in the desert
And streams in the wasteland.
Isaiah 43 v. 18-19
Your questions can be put to any member of the building group; Steve, David Carter, David Frampton, Val Baldwin, Pete Wynn, Ian Bird, Malcolm M’Clelland, Paul Moore.
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