2017 ends with surplus

The 2017 financial result was a surplus of £7k with income being £90k over budget and expenditure £2k below budget. This is the first surplus since 2011 and we are grateful to all members who have contributed towards achieving this result. Thanks to this increased income we started our new volunteering initiative during the second half of 2017.

Going forward, we need to achieve an increase in regular donation income of £100k per year. Members have already committed to an increase of £37k per year and we have received £34k of one-off donations to help achieve this target. However, the challenge to achieve the £100k in regular giving remains.

The encouraging improvement in the Fellowship’s finances has pushed any discussion of the sale of Johnson House further down the agenda, as a decision does not need to be made at present.

Graham Sopp, CMF Head of Central Services