Financial Report to August 2010
12/03/2010 2:15 pm
Finance report
We have decided to present the Finance figures in a new format this month, and would value any comments you may have.
|
8 months to 31 August 2010 |
Actual % |
Shortfall % |
|
OMF UK |
73% |
27% |
|
OMF UK homeside |
||
|
Support gifts: Members ministering in UK |
46% |
54% |
|
Support gifts: Diaspora work in UK |
36% |
64% |
|
General fund gifts |
86% |
16% |
|
Legacy income |
18% |
82% |
|
Total Income |
79% |
21% |
We praise God for his supply. Total amounts received for the first eight months of 2010 were at 79% of estimate.
Please pray for the Support gifts of all members to rise, especially those based in the UK, including our Diaspora workers.
Other than Support gifts, we are reliant on two major sources of money: General fund gifts, to top up members’ support levels, and Legacy income, to pay for retirement costs.
Please pray for these sources of income to rise as well.
This year Legacy income has been very low in comparison with recent years and is at 18% of estimate.
However, we are anticipating receipt of one large legacy gift (over £350K) before the end of 2010, which will improve the percentage significantly.
We are very thankful for the generous support we have received this year from both OMF Canada and OMF US.
Let us be thankful for God’s faithfulness, and look forward to answered prayers.
In Christ,
Stephen Hingston
Director for Finance & Administration
