CCRC Fund Income Results as at end February 2011. Fund raising events at the end of 2010 such as the Christmas Fair (£2000 profit), Candlelit Ball (£10500 profit) and the Grand Draw (£4500 profit) were successfully on budget. The Turin Shroud film night brought in £850 in February and the Funk, Soul and Curry Evening in the same month made £2500 profit; the recent ‘Jamie at Home’ event raised £182 and the Great Cake Bake has made £180 so far. Charitable grants and support were received from Beaconsfield Old Church School Charity (£1000), The Rank Foundation (£3000) and from Waitrose’s ‘Green Tokens’ (£205) collection in January. These together with generous giving in memory of Rev’d Richard Woodward and from the congregation since May 10 including gift aid accrual where applicable, produced a net figure after expenses, including architect’s fees and planning applications, in the CCRC Fund of £97,500. Additionally there are pledges from the PCC and DCCs to a total of £60,000 and £500 from the Beaconsfield Churches Education Trust when CCRC work starts. The net results in the Fund are close to £158,000 as at end February 2011.

CCRC Project Cost. The contractor selected after competitive tenders by the DCC is locally-owned and very supportive Cathedral Homes; due diligence is presently being undertaken. The ‘enabling work’ and ‘main CCRC build’ will be combined through this contractor for efficiency and to ensure zero-VAT rating under HMRC Building and Construction Notice 708. The contractor’s rates are fixed to absorb any unforeseen cost which is considered by him to be his charitable works; furthermore he has committed to pass on savings as they occur. The enabling work (already authorised by the PCC to proceed) is £12,500 with the CCRC build at £175,000, plus £2,500 for radiator installation in Hall and £5,000 for finishing; Quantity Surveyors fees and Project Management estimated at £2,000. A contingency of £10,000 is included to bring the total cost to £208,000. The cash flow of funds would be in staged and regular ‘open book’ payments over the 3 - 4 month build until project completion.

CCRC Fund Income Plans (Mar 11 onwards). The Funding Gap is £50K between costs and current net Fund total but projected income for the coming year in events and applications for donations and grants is:

Date	Planned Events	Projected Income
On-going	Cake Bake	£500
27 Mar 11	Sunday PM Tea Dance	£500
8 Apr 11	Adelaide Consort Choir Concert	£750
14 May 11	Spring Fair	£4000
tbc	Antiques Auction	£7500
17 Jun 11	Golf Day	£7500
Jun 11	Quiz Night	£750
Jul 11	Tbc - Cream teas or strawberry theme event	£250
21 Jul 11	Charity Bridge	£750
tbc	Swishing, Top Table Sale etc
Sep 11 on	Turin Shroud film show venue facility for producer	£1000
Oct 11	Tbc - Theme and Curry evening
Nov/Dec	Christmas Fair	£2000
	Total – Events	£25500

Grants and Donations	Projected Income
Church of England - Church & Community Fund	£10000
Further Personal Donations	£3000
Finance Focus Group for personal donations & company matching	£12000
Beaconsfield Churches Education Trust (Further application)	£1000
Minor Enabling Charity Grants	£5000
Total – Grants and Donations	£31000

These two projected incomes will generate a conservative figure of £56,000 (but with tbc events this is likely to be more) by end year to bridge the gap but this will not be achieved by 31 Mar 2011 - the date needed to bring a robust total fund size including the contingency to cover all costs to the PCC and Diocese for them to agree that the main CCRC building could start in Jun 2011 in time for its completion by early Sep.

Urgent Need to Complete CCRC Project in 2011. St Michael’s is experiencing much growth and renewal to strain severely its current facilities. For the community users, the Hall is almost fully utilised with some bookings being turned away. For the future, the CCRC would be a major enabler in delivering our responsibility towards ‘mission’ and ‘discipleship’ within the new Deanery Plan under Camilla’s vision. Also we need: to replace the deteriorating St Michael’s room and garage storage which require remedial work soon, to improve Church administration, to minimise the adverse effect of uncertainty on Hall users, to realise the running cost savings taken into our Church Budget 2011 and to keep the construction cost stabilised.

Way Ahead and Request for ‘Potential Waiver Interest Free CCRC Loans’. The Fund income plan could show sufficient funds available by the due date if a number of loans, interest-free, were pledged to the DCC in the coming 2 weeks and then certified formally thereafter although it may not be necessary to call in these bridging loans as ‘cash’ until the middle of the year. The intention would be to pay back these loans in full from the continued fund-raising beyond the satisfactory completion of the CCRC. However, it would not be prudent to let any repayment plan extend too long into future budget years. Consequently, despite ‘best endeavours’, there is a potential risk that when the CCRC Fund was to be closed by the DCC there might be insufficient funds to fully discharge the loans – lenders would therefore be asked to waive that portion of their CCRC loan that could not be repaid. Because of this risk, the agreement document has to be called a ‘Potential Waiver Interest Free CCRC Loan’. All lenders would be repaid in accordance with their loan sizes in such circumstances. The Honorary Treasurer (Graham Skinner – 01494 672350) can be approached in confidence to discuss any details. Please would you consider how you might lend a bridging amount to help fulfil the CCRC project this year and then let the Honorary Treasurer know if you can assist in such a way; an early response would be very helpful but no later than Sunday 13^th March 2011.

Project Aims

To create a centre where the community can book space for leisure and learning in a positive environment, which demonstrates our core values of fellowship, and commitment to the environment.

Extra Facilities/benefits: An extension to the existing St Michael’s Hall

More Energy Efficient
An extra Large meeting room with sliding partition to make
two smaller rooms
Staffed office facilities with IT connections
Fitted kitchen
Disabled WC with child changing facilities
Disabled automatic door & ramp
New garden shed with recycling area and eco-garden corner
Bike rack
Covered buggy/Pram store
Security lighting and alarm system
Increased parking

We need your help in making the project a reality and if you would like to make a donation, have ideas on ways to raise money or would like to be involved in this project then please contact Jean Dean on: 07802 256521 or email: jean@bddesign.co.uk

Also keep a look out for updates and events on this website

please click here for a slide show about the project and fundraising.

(takes a few seconds to download) includes plan of the new extension and lots more

as above

If you would like to donate to St Michael’s Resource Centre Building Fund, please click here

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