ACP Update (Sunday, 7th May 2017)
Today 7th March 2017 is a special ACP Sunday as we get ready to start Phase 2 works in two weeks’ time.
The ACP Team extends gratitude and blessings for all the contributions, prayers and desire to raise the sanctuary of God. The Lord is continuing to do marvellous things as we wind down the pre-construction stages.
New Cathedral building as seen from Lugard Road
A. Financial Status
Last week (25th to 2nd May 2017) UGX 18,375,900 and USD 413 was collected and banked on ACP account.
1. As of today we have UGX 2,342,494,664 available for construction and our desired target for starting construction is $1M (UGX3.4Bn). For smooth execution of the project we need to have raised a total of Ugx 4.0 Billion by the end of this year 2017.
Total cash Inflow = UGX 2,871,211,661
Total cash Out flow = UGX 528,716,997
Net flow = UGX 2,342,494,664 (Available to start Phase 2)
Expenditure relates to payments of mortgage for plot 4, fundraising initiatives, meetings refreshments, salaries, statutory obligations and the Consultant.
2. UGX 1,960,000,000 is invested in fixed deposits.
B. Technical Status
The sound of the tractors is here. The Provost, Council and ACP Team witnessed the occasion of signing the Works contract by His Grace the Archbishop and the selected Contractor Ambitious Construction Company Ltd on Friday, 05th May 2017. The new Cathedral site (Plot 6, Lugard road) will be handed over to the Contractor on Tuesday,16th May 2017 at 01:00pm, after which the site will be hoarded off.
We thank you all for supporting this project. Our prayer is that the Lord will continue to resurrect all the enemy had taken from you.
To contribute to the building of the Cathedral, you can deposit money directly on our bank accounts using the details below:
Account Name: All Saints Cathedral ACP Fund
Bank: DFCU; Account numbers: 01273550356324 (UGX) and 02073573433218 (USD)
Bank: Barclays; Account number: 0341186188 (UGX)
We would like to thank you for the continued zeal in giving. Continue to bank directly to our accounts (details on the white ACP envelopes), mobile money, walk in to office/tent and the purple bag.
Thank you. ACP TEAM