Ignition Youth Group

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Finance Update November 2022

Financial Update November 2022

Encouraging Signs - Financial Update November 2022

In April 2022 the Trustees wrote to regular members of West Wilts Vineyard regarding finances and giving. After a difficult season with the pandemic, regular giving was down and expenditure exceeded income. The Trustees anticipated that the general fund* reserves would be depleted by the end of May 2022. Throughout the pandemic, the Senior Pastors (Formally Jason and Sam Whiley) and Trustees were committed to good stewardship and continued investment in the Kingdom of God.

We are delighted to be able to update you with good news for the last six months (May-Oct 2022).

• Regular giving and givers have increased steadily (6.5k - 7.7k per month).

• Salary expenditure has reduced slightly (8.4k - 6.4k per month).

• Hire income has increased.

• Ad-hoc donations have totalled over 30k.

The result is that income from regular giving now exceeds regular expenditure in the general fund. Combined with significant ad-hoc donations and an increase in hire income, we are on the way to rebuilding reserves which will enable us to continue to be effective in resourcing the Kingdom of God through Vineyard in West Wiltshire.

Thank you to all of you who are giving, or have given, financially (however large or small) to the work at WWV. Especially if you have started to give regularly in the last six months or given an ad-hoc donation; whether you give your time, talents or resources, we are hugely thankful for your partnership in seeking first the Kingdom of God.

Discipleship is about following Jesus every day. WWV is a community that gathers around the person of Jesus, with the purpose of the Father, empowered by the presence of the Holy Spirit. We want to equip everyone at WWV to seek first the kingdom of God. Living generously, even in tough times, is part of that discipleship journey. Your regular and ad-hoc giving to the general funds helps us to do the ordinary things that resource you for kingdom living.

Be encouraged:

• new people are continuing to show up at WWV

• people continue to give their time, talents and resources

• new people are discovering what it means to follow Jesus

• together we are responding to the empowering presence of the Holy Spirit.

We will continue to provide regular financial updates and are planning our next AGM in late spring 2023.

Thank you!

Mark and Meg Searle - Senior Pastors and the Trustees. November 2022.

*These figures do not include Storehouse, which, while part of West Wilts Vineyard, has its own restricted fund. This means that external donors can be confident that funds given to the Storehouse are used for the Storehouse. The Storehouse reserves have continued to be healthy. Operating costs for the Storehouse, including staff costs, are paid from the Storehouse restricted fund.