Financial Needs

The main financial cost will be to purchase the Caleb Kingdom Life Centre around the 3rd quarter of 2015. An estimate of the capital required for this, based upon suitable premises already on the current market, is around £1,000,000. All churches and ministries will be able to use the facilities once they are up and running. However, those churches and ministries which have made donations to finance this project, will be able to use the facilities for their own Christian retreats at reduced cost, subject to agreement.

Here is a property that is currently on the market around this price, which has 14 bedrooms and 10 acres of beautiful grounds called Upland Mansion and is located just 3 miles from Carmarthen:

We have set out below two tables which project possible expenditure and income streams for the next 3 years. As you will see, once the initial outlay has been obtained, running the Caleb Kingdom Life Centre will be relatively inexpensive. We therefore invite interested benefactors, churches, ministries, fund managers and Christians everywhere to prayerfully consider financially partnering with us.

Projected Three Year Expenditure Needs
Expenditure Year 1 Year 2 Year 3
Capital outlay to purchase the  Kingdom Life Centre £1,000,000 £0 £0
Cost of refurbishing the Kingdom Life Centre £6,000 (for 4 months) £20,000 £20,000
Mortgage costs (unless gifted) £10,000 £30,000 (unless gifted) £30,000 (unless gifted)
Furnishings £30,000 £3,000 £3,000
Running costs (power; rates; telephone etc) £2,400 (for 4 months) £7,500 £8,000
Salaries for Executive staff £8,000 (1 for 4 months) £25,000 (1) £50,000 (2)
Salaries for Management/

Secretarial Staff

£5,000 (1 for 4 months) £15,000 (1) £15,000 (1)
Salaries for Maintenance staff £5,000 (1 for 4 months) £15,000 (1) £15,000 (1)
Salary for caterer £5,000 (1 for 4 months) £15,000 (1) £15,000 (1)
Food/domestic bill £5,000 (for 4 months) £15,000 £15,000
Teaching materials;  books etc £1,000 £500 £700
Stationary and duplication machines £1,300 £250 £300
Promotional publicity £500 £1,000 £1,000
Travelling Expenses £300 £2,000 £3,000
TOTALS £1,079,500 £149,250 £176,000
Projected Sources of Income
Source Year 1 Year 2 Year 3
Course Fees £15,000 £25,000 £40,000
Gifts from Directors £50,000 £50,000 £45,000
General Fund Raising £7,000 £25,000 £25,000
Loans from the bank £750,000 £0 £0
Gifts and Grants from Individuals, Churches and Grant-giving trusts £250,000 £20,000 £26,000
Income from the hire of the centre for outside conferences £0 £10,000 £20,000
Grants from Local Government £7,500 £20,000 £20,000
TOTALS £1,079,500 £149,000 £176,000

Donations

To make a donation to this ministry, please use the following bank details:

Account Name: Caleb Ministries

Account Number: 3590383

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