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Finance

Greenbank Parish Church, Edinburgh
Greenbank Parish Church
Edinburgh
  • The church finances are healthy and a high level of commitment is shown by members of the congregation.
  • Income for 2005 was £246,991 and expenditure was £211,348, giving a surplus of £35,643.
  • Income for 2005 was more than 26% higher than that for 2004, largely due to a successful stewardship campaign. This follows 2 years of shortfalls of income against expenditure.
  • The congregation has also funded a major buildings extension programme, our Centenary Project, committing and raising in excess of £1.2m since 2000.
  • As a condition of supporting the Centenary Appeal the congregation stipulated that £50,000 of the money raised was to be donated to charitable causes. This commitment was fulfilled during 2002 with 8 charities both at home and abroad benefiting.
  • There is also generous giving in support of charity and special appeals. This amounted to £37,500 in 2005, including £19,000 for our Advent appeal for Christian Aid and £14,000 for the Tsunami disaster.
  • Having borrowed funds to finance our Centenary Project we are still operating with a Bank overdraft. We are budgeting for a surplus of around £26,000 in 2006 and expect to be able to pay off the overdraft within the next 2 years.
  • Our Ministries and Mission allocation for 2006 is £112,318, amounting to half our budgeted ordinary expenditure.


Collection bags, Sunday morning
The Centenary Halls in construction

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