AGM Information Sheet

Sunday 30 th of March 2008

At 11:45 am

Below you will find a comparison between last years (2007) actual figures and the 2007 budget, and this years (2008) budget. This is a consolidated report, but if you have any inquiries please do not hesitate to contact the treasurer for in depth information.

As of 31 st December 2007

 

	Budget 2008		Actual 2007		Budget 2007
Income
Cosmic Child Tour	$ 15,000.00				$ -
Collections	$ 3,000.00		$ 2,964.00		$ 3,000.00
Fund Raisers	$ 2,000.00		$ 2,701.00		$ 1,800.00
Place of Wisdom	$ 3,000.00		$ 3,375.00		$ 4,200.00
Rent	$ 1,000.00		$ 1,091.00		$ 1,200.00
Regular Contributions	$ 24,000.00		$ 14,064.00		$ 24,000.00
Special Sacraments	$ 6,000.00		$ 5,220.00		$ 6,000.00
Donations	$ 2,000.00		$ -		$ 3,000.00
Lectures	$ 2,000.00		$ 1,775.00		$ 800.00
Other (Learning Centre)	$ 3,000.00		$ -		$ 60.00
Other Income	$ 1,000.00		$ 7,845.00		$ 3,000.00
Total Income	$ 62,000.00		$ 39,035.00		$ 47,060.00
Expenses
Administration , Catering, Bank fees, Telephone and Printing	$ 4,000.00		$ 3,702.00		$ 3,940.00
Australian Account	$ 42,000.00		$ 37,200.00		$ 37,200.00
Insurance	$ 2,400.00		$ 3,240.00		$ 3,240.00
Power, Water & Rates	$ 2,200.00		$ 2,047.00		$ 2,200.00
Vehicle	$ 7,000.00		$ 6,356.00		$ 5,000.00
Church Vestry	$ 400.00		$ 180.00		$ 500.00
Travel for Australian Council	$ 360.00		$ 458.00		$ 360.00
Property Upkeep & Renovations	$ 840.00		$ 80.00		$ 750.00
Priest's Residence	$ 9,000.00		$ 8,777.00		$ 8,000.00****
Gifts	$ 200.00		$ 50.00		$ 200.00
Other	$ 1,600.00		$ 1,480.00		$ 1,000.00
Total Expenses	$ 70,000.00		$ 63,570.00		$ 62,390.00
Transfer to/from Reserves			$ +6,355.00		$ -
Profit / Loss	$ -8,000.00		$ -18,180.00		$ -15,330.00

 

Assets Current Assets (Cash) . . . . . . .$16,951 Property . . . . . . . . . . . . . . . . .$205,000 Other (Car, long-term loan etc.) $8,000 . . . . . . . . . . . . . . . . . . .TOTAL $229,951	Liabilities GST paid on purchases $- 484 Equity Capital reserves . . . . .$24,525 (Vehicle, building, youth, assets, vestry, . . . . . . . . . . . . . . . . . . . . . . . . . . .outback trip & prof. development)

 

Notes: **** We have changed the costs to include all the fringe benefits, which were carried in telephone, petrol and water up until now.

 

The Christian Community in South Australia - AGM Agenda - March 25 th 2007 at 11.45am 

- Welcome, Apologies and Confirmation of AGM minutes 2007. Minutes are available prior to the meeting from Martin Samson on request (8339 6466)and will be available at the meeting on the day.

- Finalizing the finances from last year and looking ahead for this year including treasurer's report.

- Confirmation of the committee members, Sven Zehle our new nomination, Ruth Fox as Secretary and public officer, Rosslyn Kitchener, Sam Verco, Gunther Andersson as Treasurer, Kerstin Andersson and Martin Samson. A new chair will be elected from within the committee.

If you would like to nominate someone (other than yourself) to be on the committee please let one of the committee members know before our meeting on March 25 th 2007.

- Discussion around the themes arising out of the treasurer's letter and further reports; the vision for the future and ideas around and independent external source of income. Hopefully we will discuss the three themes in the treasurer's letter below.

 

Letter from the Treasurer and Invitation to the AGM

 

Dear Christian Community in Adelaide ,

At the end of 2007 we informed you, that Gunther Andersson took over the position of the treasurer. The position of treasurer has recently changed again: a financial committee has formed. The people in this committee are Saralee Verco, Sven Zehle, Martin Samson and Gunther Andersson. This committee has two important pieces of news for you.
The first one is good news. Our community could fulfill the financial plan for 2007. We will inform you about the details at the AGM. Please read our AGM invitation to see the figures for your selves. We are happy that we can tell you this news as the financial planning for 2007 had involved some challenges. We want to thank all those who contributed through organising activities, regular contributions or donations. We are grateful to everybody as we know that in each case the receiving of income means that there is a very strong individual effort.
The second piece of news is; that we cannot continue in the same way as last year. We have to make serious changes. We had a (planned) loss of about $19000 AUD in 2007 and were happy that the loss was not greater. However, our remaining savings are about the same as the loss in 2007. Thus we have to change our budgets from 2008 onwards. We cannot reduce our expenses without reducing the present activity of the community; the expenses have been kept to the lowest possible level.

Thus we are planning changes in the income and have started or will start activities in three areas. The first area is building up our centre of learning . We are hoping for some mild income this year with an increasing tendency over the next years. The second is the planned outback tou r which, hopefully will create an income this year. The third is the regular contributions . In 2007 the Christian Community received about $14000 AUD in regular contributions. These contributions came from 23 persons or families. We have to increase strongly our regular contribution to reduce our deficit. We aim for $24000 AUD. We need to meet this aim if we want to keep the current facilities and offer the current program. The alternative is a drastic reduction. We are a lively community! Looking at the number of people coming to the services and other events we assume, that we are able to increase this number. We are planning to contact you individually and hope this will be considered as aiming to work towards the future of our community.

Gunther Andersson for the Financial Committee

 

____________________________________________________