Finances

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The building of the community centre has been financed by a combination of grants, central Methodist funds, local church fundraising and individual donations.

The running costs will be minimized by using volunteer staff, and should be covered by income from hiring the facilities.

Building costs

The total cost of the building is expected to be £1,391,000, including professional fees (architect and others).


Fundraising status (February 2011)

£1,271,000 has already been raised over the last 10 years, consisting of
  • £137,000 in grants from various organizations, including the Peter Harrison Foundation and Reigate & Banstead Borough Council.
  • £384,000 in grants from the Methodist Church and the Joseph Rank Trust
  • £750,000 in fundraising and donations by the congregation and private individuals, including a generous bequest.
In order to take advantage of the lower price of buiding materials during the recession, we started construction whilst still having a gap between the funds raised and the expected building cost.  The shortfall is currently £120,000.  We plan to meet this by taking out a four-year loan.  The loan will be repaid by a combination of continued fundraising and surplus income from running the Community Centre   
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Running costs

  • Once built, resources will be needed to run the Community Centre.
  • Reigate Methodist Church has a long history of community service and has a good volunteer base with which to support the centre in the long term.

Building costs

  • In order to start as soon as possible, we are planning to build in two phases. The first phase will cost about �1,100,000 including all planning work.

Fundraising status (October 2009)

  • Over �800,000 has already been raised, including �400,000 from the congregation, and �50,000 from the Peter Harrison Foundation
  • We plan to raise the remainder from various sources. Some of it has already been pledged, and some additional grants will be available once work actually starts.

Running costs

  • Once built, resources will be needed to run the Community Centre.
  • Reigate Methodist Church has a long history of community service and has a good volunteer base with which to support the centre in the long term.