Page 6 - Contact Summer 2018

The aim of this strand of our
Over the past few months, you will financing is to minimise the extent
have seen all the changes start to to which we must borrow from the
appear around our buildings; with bank.
the new rear entrance area and the
extended Minor Hall starting to take With current interest rates being
shape. Hopefully, you have already historically low, the income from
been enjoying all the extra car savings accounts and investments is
parking spaces. very low for most and it is very likely
the rate of return is less than the
Throughout the planning process rate of inflation, so your savings are
and so far in the build phase, the losing value as they sit! The interest
Building Project Committee and rate of our loan facility with the bank
Session have tried to reinforce is around 4% and so by considering
how much we feel these building an Interest Free Loan you can help
improvements are about people. us minimise the costs to the build
Specifically, about creating spaces while not impacting the value of your
that help us serve those already in savings in the short term. Of course,
our community of faith and reach out we understand circumstances may
with open doors to those in our town, change and at any time these loans
that do not yet know Jesus Christ. can be paid back immediately and
the Interest Free Loan Form explains
Thank you to all of those already the conditions and agreements that
giving regularly and sacrificially. We will be honoured.
have surpassed our targets so far
and have given over £480,000. With Can we ask that you consider this
payments now beginning to our option prayerfully and generously?
contractor and other fees, like If you have further questions feel
planning and consultancy, we are free to speak to myself, James Hamill
now expecting the need to call on our (Treasurer) or John Jenkins (Building
loan facility with the bank very soon. Finance Committee Convener).
For this reason, we would encourage Alternatively drop either a completed
those that can give, to do so, but an form or one with just your contact
alternative option is to consider an details in the post box on the
Interest Free Loan. Perhaps you have Changing Lives Together stand in the
been blessed financially and can Foyer and one of the committee will
consider giving from that to this be in touch to discuss next steps.
project.
Ryan Jess