Dear board members, we are following up with some information to lead us to a best approach. We are bringing in all the figures, for the big picture.
Sale price of the building: 400K.
Estimate refurbishment: 100K.
A total estimate: 500k.
How do we meet this 500K figure?
In our proposal to Irish Mission and in their answer to us, the figures go like this:
To buy the building (400K):
- Dublin West brings 30K
- TED Division brings 270K
- IM brings 100K
To refurbish the building (100K):
This 100K figure is an estimate as it is entirely up to us, the efforts we will put in, the level we want to bring it to etc. Just an example: there is one thing to say “OK, put a carpet, buy 100 chairs, give it a painting and off we go”. And there is another thing to say: insulate roof, build a balcony (extension), tear down all partitions etc. We expect the survey will help us a lot for this estimation.
For the amount needed it is suggested to get a loan. IM and/or BUC can provide. And it depends on us how much we need and then make a plan to pay it back (for like a 7 years or so). As it is to be paid back by our current and future members, we should aim to borrow the minimum needed and try to cover much of the costs with our own skills, efforts, work, time. Elders Vasile and Ferdy and others can surely lead. Very important: we may do the refurbishment in stages, as we see the need, for example: we may not need the balcony now, but we may need a kitchen for ACS.
So, how much money do we have now?
As Angela showed on her report, for 2020 we reached 12,990. Some amounts are still coming in (2021), so we can surely use a round figure of 13K.
This amount of 13K has been collected since we started the little church (the white wood bank) proposed by elder Tom. That was some 3-4 years ago. Angela informed that for the same building some other money have been donated along the years, even back in 2012. How much? Probably a couple of thousands. We can then be sure that our building fund is at 15K. That is half point.
How do we raise the other 15K?
And of same importance: How do we make sure we raise some more money for later, when the refurbishment starts?
A basic proposal goes like this: every adult member, working full time, can pledge for an amount. Our guidance is 500 euro per member. Some may give/pledge more. For a 500 figure we need some 30 members. (A list was first proposed by elder Ropo and will follow down below, making it to the figure of 50 members).
(Mind you: some of the members – you may be included – maybe have already given/pledged so, in some cases our approach is for the extra mile.)
On our current local budget we do have some money (savings, ACS funds, money needed for current expenses etc.) Best approach is to touch that money ONLY IF NEEDED and ONLY AFTER members pledge. Otherwise everybody can say “oh, just take it from there…” Even if take, it may not be enough. We need to be wise, just as we do it with our own family expenses. That is, to be always prepared: having savings available when needed for emergencies/opportunities on the second phase, when we will have to give a real push toward the refurbishment.
How did others do it?
Just as an example, looking at the way Romanian church did it…
The proposal was to raise 100K. With a pledge of 1,000 per member – again, this was a proposal from the board. Many gave. Not all. Some give in instalments. Others said: we want to see something first (get the building) and then we will give. We try to understand them all, and we move along with the board and those who capture the vision. Probably we will see the same various individual approaches also in DW. (There is a second phase there also, for refurbishment, there is some money in the local budget, but there is also a plan/expectation to borrow if/what is needed.)
We need to promote a fundraiser. And give a personal/family example while gently and firmly pushing to accomplishment.
WE THANK YOU, BOARD MEMBERS, FOR MOVING THINGS AHEAD.
A suggested list of members/families
12 Current board members and families:
+9 Regular church families (not board members). We put only one name per family. Some have two adults, working full time (so in some instances it can be x2).
- Angela T.
+24 The next list is with singles or one SDA member in the family, each having their own possibilities and/or challenges.
- Joana D
- The list is incomplete…
We know of people from this list who already pledged: a lady (single) promised 500, a family informed of 2,000. The pastor’s family will contribute with 1,000. Etc.
For the entire project, for all the names above, for those who will praise God in this building, for those who will be served by our ACS and preaching of the Gospel, for all that helped, let’s try to continue to guide ourselves by the Scripture (2 Corinthians 9:6-15) which says:
6 Remember this: Whoever sows sparingly will also reap sparingly, and whoever sows generously will also reap generously. 7 Each of you should give what you have decided in your heart to give, not reluctantly or under compulsion, for God loves a cheerful giver. 8 And God is able to bless you abundantly, so that in all things at all times, having all that you need, you will abound in every good work. 9 As it is written:
“They have freely scattered their gifts to the poor;
their righteousness endures forever.”
10 Now he who supplies seed to the sower and bread for food will also supply and increase your store of seed and will enlarge the harvest of your righteousness. 11 You will be enriched in every way so that you can be generous on every occasion, and through us your generosity will result in thanksgiving to God.
12 This service that you perform is not only supplying the needs of the Lord’s people but is also overflowing in many expressions of thanks to God.13 Because of the service by which you have proved yourselves, others will praise God for the obedience that accompanies your confession of the gospel of Christ, and for your generosity in sharing with them and with everyone else. 14 And in their prayers for you their hearts will go out to you, because of the surpassing grace God has given you. 15 Thanks be to God for his indescribable gift!
IM ExeCom answer regarding the two items above
First proposal for Coolmine building (Jan. 2021)
Survey for Unit 3 (Feb. 2021) – text only
Warehouse churches (article and document)
A centre of influence (what is a CofI)
Coming to crossroads? (function without a building)
Building acquisition (BUC policy)