Financial Update - October 2020
Dear Jubilee Church Family
Back in June, I shared with you a financial update and the impact that COVID-19 was having on us as a church. Today, I want to update you on our finances and where we are at currently.
COVID-19 has brought many challenges to us all and churches are not exempt from this. We have had to adjust to the loss of income from hirers of our building (normally in the region of £50,000 a year) and adjust to the decrease in giving due to not having Sunday services where people would give into the offering. However, those challenges have presented us with the opportunity to become more dependent on God, to learn to trust Him and to seek His wisdom as we move forward. We have also seen incredible provision with the Life College now being fully funded throughout the next year due to grants and have benefited from the Government Job Retention Scheme which has supported staff wages for those who we decided to furlough in March.
We have continually to monitor cashflow and adapt how we operate to ensure we continue to build on the position we are in now.
September was a key month for us as we restarted Sunday services at Jubilee Central, the new Life College term began, and we reopened our Education Centre to students. This meant that all our staff returned to their roles and our outgoings increased due to the associated costs with running these projects. In a time of many organisations having to make redundancies and close down projects, we praise God that we have been able to welcome back all staff and restart many of our social action projects.
Below is a summary of where we are at as of the end of September compared with what we had planned in the budget:
April to September 2020
From the figures, you will see that our income is £27,750 above budget for the year with our expenditure being £14,500 below budget. This means we are £42,000 ahead of where we planned to be at the start of the year.
In challenging times this is fantastic news and thank God for His provision during this time. We also want to thank you each of you as church members for your continued giving throughout this year. Incredibly, we have not seen a decrease in those giving via monthly standing order which is fantastic in a testing time and is testament to your faithfulness and generosity in giving.
Where does this leave us?
With the uncertainty around COVID-19 restrictions and potential future lockdowns, we are still expecting it will be some time until we are seeing hirers returning to Jubilee and this coupled with the restarting of activities means that we expect our expenditure to exceed our income until the new year. Our current financial position means we can cover these losses over the next 3/4 months but if it continues past this time we will have to identify areas in church life where we can change how we operate to make further savings.
Additionally, a concern is that although those who give via standing order have continued to, we are not receiving the giving from those who would normally give into the offering on Sundays. This is around £2000-£2500 per month that we are no longer getting.
What can you do?
Firstly, can I ask that if you are a member of Jubilee and are not giving to the church then you would consider giving at this time. You can do that on a Sunday or at any point online and all the information is available at www.notdull.org/giving.
I would then ask us all to do the following:
Thank God – Every time I look at our finances, I am amazed by God provision and reminded of His faithfulness to us. I hope as you read this, you are too. Let’s be a people who grateful in all we do, even during this time, we have so much to be thankful for.
Pray – God knows the challenges we will face over the coming months and knows what each of us need. Let us bring our request to Him today knowing He is a good Father. Let us also pray for those who are struggling during this time and need to see breakthrough.
Review – For many of us, our financial situation has changed over the last few of months and so it is important to review where we are at. We might need to make a budget or look at where we can make savings. For those who want to learn more about how we steward finances well, we are running a CAP Money Course which will help equip you (email firstname.lastname@example.org for more information).
Give – Part of that review should also be your giving to the church. For some it will mean starting to give as I have already asked. For others, you have seen a drop in income and it may be time to give less or maybe you have given the same amount for a long time and God is calling you to give more.
Ask for help – If you are struggling with finances then do reach out to us for support. It can be difficult to talk about money, but it is so important we do as God calls us to steward well all that we have been given. Please talk to your growth group leader or contact the church office and we can help support you with budgeting, dealing with debt and saving.
Paul says in 2 Corinthians 8:7:
But since you excel in everything--in faith, in speech, in knowledge, in complete earnestness and in the love, we have kindled in you --see that you also excel in this grace of giving.
In a time of caution, of uncertainty, of worry, may we be people who excel in the grace of giving at this time as we look to serve the needs of others and our city.
A message from Dan
Dear Church Family
This Sunday sees the return of our Sunday services. It has been 27 weeks since we last met to worship God together on a Sunday morning at Jubilee. I know there are a variety of emotions amongst our church family as we approach this Sunday and personally, three emotions are being felt:
This Sunday will feel very different to normal. Around half of our church family will not be amongst us and will be at home watching on the live-stream, those there will be wearing masks, we won't be able to have conversation with each other or sing during the worship. I long to be in a room full of noise with our children running around, catch ups over coffee, singing worship songs at maximum volume! But that will not be happening over the coming weeks and I will miss it. For those not able to join us...I will miss you.
Over the last few days, the rise in cases of COVID-19 has caused caution throughout the country and while cases are still below the national average in Hull, we all want to avoid a further national lockdown and those in our city being affected by this awful virus. We have spent lots of time making sure that our services follow the guidance and keep people safe but we know there are risks connected with gathering people. Due to the rise in cases, we have significantly reduced the number of seats available for each service and will be closing booking at 7pm tonight. We would also recommend that those at an increased risk should stay at home and watch the live stream instead.
The Church is the gathered people of God and God promises that when we are together, He will be present. When God is present, the impossible becomes possible, lives are transformed and our city is changed. We believe God has given us a prophetic word about reaching a whole group of new people at this time and we are excited to be able to gather, preach the gospel and see people coming to know Jesus. Whether we are at Jubilee Central or gathering online, let us be expectant.
A Thank You
The last few months have been a strange and challenging time but I would like to thank you for for the way you have been family together. I have so appreciate the messages of support and encouragement I have received and knowing you have been praying for your leadership team has bought such comfort in trialling times. I know at times you may not have agreed with decisions made, at times we got things right and at times we have got things wrong but thank you for the patience and grace you have shown to us and each other. I truly love being part of this family and seeing what God does with us in the months and years to come.
Finally, as we look towards Sunday I want to remind us of words in Romans 8: 38-39:
38 For I am convinced that neither death nor life, neither angels nor demons, neither the present nor the future, nor any powers, 39 neither height nor depth, nor anything else in all creation, will be able to separate us from the love of God that is in Christ Jesus our Lord.
Whether meeting or at home, whether nervous or excited, whether in plenty or lack, whether mourning or rejoicing, nothing can separate us from the love of God. Let us lean into that love deeply today.
TLG Update - 1st September
In January 2020, we launched our Education Centre which works with children who are struggling in education, providing a place they can grow and flourish. The initial few months have not gone as expected due to COVID-19 school closures but we are now ready to reopen for the new term.
We are delighted to be welcoming Francesca Woods to the team at Jubilee. We already have Dawn working as our centre manager and Francesca will be joining her, being employed as a classroom teacher.
Francesca moved to Hull from London, a couple of years ago and has been part of Jubilee since. She has been serving as part of our youth team and has a real heart to see young people reach their potential. We are really excited about having her part of the team and would ask you to be praying for her as she prepares for this new role.
For more details about the centre and TLG please visit...www.tlghull.org.uk
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