SERVICE TIMES

Sunday:

Morning Service - 10.00 am

Sunday Night Live - 6.00 pm

1st Wednesday of the Month - 10.30 am

Communion service in the lounge.  Morning tea will be served. 

I've been asked

posted date: Friday 5th July 2019

Recently in a conversation, the question was asked, why don’t we have a building fund for the church?

The background to the question is that as we have looked at the buildings, and how we use them into the future, we may need to consider some alternations to maximise their use. On top of this, we have our usual ongoing repairs and maintenance costs.

So the question was asked, why don’t we have a building fund?

The short answer is, at the moment the church has a debt of approximately $165,000. Any extra or additional principal repayments not only reduce our mortgage but also increase our capital. In addition, the interest we earn on money held in a Building Fund would earn less than 2% interest, whereas the interest we are paying on our debt is in excess of 5.7%. Therefore, it is prudent at this point and where possible, to repay debt rather than accumulate cash in the bank.

In addition, I am deeply grateful to God and the generous giving of the church, and I should add without any specific request, since January 2017 we have repaid approximately $125,000 in debt over and above our monthly repayments.

I would also like to thank the finance team, John Mackey, Carol Tolmay,
David Weusten, Chamath Nanayakkara and Jonathan Weusten. They are a highly skilled team who bring a very thoughtful and considered approach the use of the funds God provides.

Therefore, if you would like to contribute to reducing the mortgage, then please contact either one of the finance team, or make your gift through the normal church offering or via internet banking, with it clearly labelled “Debt Reduction”.

If you have any further questions, please do not hesitate to ask.

Shalom

Bruce White