I was having a look at the accounts of three local congs as I had heard a bit about the bOrg beginning to run low on cash as donations are falling.
Locally, I was very surprised to see the cash flow problems of these congregations. I had a look at other areas and saw that there were a minority making a small 'profit', a lot breaking even when it comes to contributions and a fair amount that are losing the plot financially.
Congregation 1. Accounts for 2005/06 Income was short £19,000, Yes, their expenditure was that much over their income.
Congregation 2. Accounts for 2005/06 Income was short £11,000.
Congregation3. Accounts for 2005/06 Income was short £1,400.
Who makes up the shortfall when a congregation can't pay its mortgage to the society in the UK. Are the Trustees responsible? When the Congregation doesn't have a mortgage and is just paying bills etc who makes up the shortfall if there is not much left in the kitty?