Church Extension

Work started 9th June 2014 on the Church extension.

AnnexeDrawing.jpg - 94.96 KB

 

Church Annexe Report

26th August 2014

Build Contract

Building work is well under way and is on schedule and within budget.  With the erection of the steel frame, the full size of the extension is becoming apparent. With this overhead work going on, the site is more dangerous and should not be entered without permission from the site manager.

Regular monthly site meetings are held with the builder and design team and a number of minor changes are under consideration that either increase or reduce the cost, but within the agreed budget.

Temporary toilets have been established in the churchyard.  Thanks to the Fabric and Grounds teams for connecting services and putting in a temporary path to the toilet.  The opportunity was taken to make a permanent power supply to allow further lighting to be installed on either side of the gate at some in the future.

Finance

The following table details the funds secured to date and sources of additional funding:

 

Secured to date

Sources of additional funds

Internal income to end July 2014

£275,884

 

Outstanding Pledges to end 2017 incl. tax

£124,656

 

Total Internal + pledges

£400,540

 

External Grants

£181,991

 

Total Funding to date

£582,531

 

Balance Required for budget of £690,000

£107,470

 

 

 

 

Balance of Events & donations for 2014

 

£  7,599

Events & Donations 2015-17 reduced to

 

£  30,000 (from £60k)

Loan from General & Fabric Funds

 

£  69,871

Sum

£107,470

 

Total

£690,000

 

Taking into account the current build contract price it is possible that the amount required from the General and Fabric funds could be reduced well below the sum shown above.

Obviously now that the build contract has been awarded, we need to have the necessary funds in place to meet the build cost (less retention of 2%) and the remaining professional fees etc. and this has been confirmed. 

We have a number of grant applications outstanding and any awards will reduce the balance required.  In the short term a number of events have been arranged raise the balance of the events target for 2014 including:

·        The £10 Challenge

·        An Art Exhibition in November, and

·        The ongoing “sponsor a slate” initiative.

The CoS loan agreement now needs to be signed by the Session Clerk and recorded the Session minutes.

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Gift aid manadates back to Elaine Rowan at 40 Hill foot, Houston. PA6 7NS , Standing orders can be forwarded by the individual to their bank or send to Elaine at the above addresss and she will hand it into the relevant bank.

 

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