
click to enlarge

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Dear Brothers and Sisters,
Above are the graphs for the year so far. Whilst they tell some of the picture they don’t tell all of it. Below are some of the main points so far.
1) We’ve paid off about £30,000 worth of debt in February. This was from monies that were due in last year but due to timings came in this year.
2) We are due to pay off about another £12,000 of debt in June.
3) We’ve managed to sort out a legal situation on the farm, which has taken over one year to resolve. It has meant many trips down to the farm for numerous meetings and has cost us about £6,000 in legal fees, but basically in 2013 we will be in dominion of our own land/property again.
4) We are trying to sort out another legal situation in LG, again with a sitting tenant. They are claiming sitting tenancy rights (a right to live in the property for as long as they wish for a very much reduced rent) due to the time first moved into LG as missionaries. We have tried to sort it out for over three years in a peaceful and amicable way however all correspondence (from anyone) dealing with this matter have been completely ignored. We are now having to go down a legal route but this so far has cost £3,700 and counting.
5) So far this year we have an income deficit of £6,783. A large part of this was spent on renewals in the LG flats, especially on one flat which hadn’t been touched for over 6yrs.
6) We currently expect to have a cash flow surplus for our national finances of £28,000 in 2010 at the end of the year but this doesn’t take into account the following two points:
1a) Matthew Huish was due to go to Germany for STF and a new Youth Ministry Director was going to be needed to replace him. This post was advertised and interviews carried out. Two of the candidates were asked to take up the responsibility and work together: Patrick Hanna and Sung Jong Che.
We now have more than 500 2nd generation Unificationists between the ages of 12 and 25 and there was a strong case put to have both these two applicants working full time together on continuing to build a successful youth ministry. In one sense it’s an investment in our future and if we don’t invest in them who will? In addition things for Matthew have now changed and he is no longer going to Germany and instead will take up a new responsibility in the UK to develop an outreach department.
Basically these developments will mean an extra £12,000 of outgoings to HQ expenses (very good value when you consider it’s a 24/7 job) however this will effect our budgets. It was felt that the 2nd generation are our future and we need to support them as much as possible when they put themselves forward in a public and professional manner.
2a) The façade at LG has now reached a point of no return. We were hoping to wait one more year before tackling it, but because of the very severe winter it has made the situation much worse, to the point that bits are falling off it and we almost had a serious incident a few weeks ago. Unfortunately it’s not only the façade, the chimneys are also in a very bad shape and in addition some underpinning needs to be done at the back. A ball park figure for this is going to be in the region of £150,000 but until we get scaffolding up and see first hand how things really are we don’t really know.
This is money we simply do not have. We are now looking at borrowing £100,000 from a bank over a loan period of seven years. We will do our very best to raise another £50,000 internally and from other sources. (see Simon’s letter) We could have borrowed more money over a longer period but it was felt we don’t want to be leaving debts and loans to future generations. At present we don’t know how much this will cost as we are still in negotiations with the bank but this will also have an effect on our end of year budgets.
If you have any questions about any of the above or anything else please feel free to contact me at energy1@btconnect.com
God Bless – Simon Rosselli
On behalf of the finance committee
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