Financial statement
The Trustees and Executive of the National Prayer Breakfast for Scotland would like to thank you for your gifts over the last year. We particularly want to thank the Friends of the Breakfast who gave so generously. We know that this is only through our great God and His goodness to us in providing all our needs.
The total income of the Breakfast during the year ending 31st August 2007 was £15,120 and expenditure was £13,803. Of the total income some £6763 was received in donations from the Friends of the Breakfast. With most gifts being gift aided we were able to increase the amount of donated funds by £987, bringing the total income from donations to £7750. This year, venue and costs exceeded our income and we have had to transfer funds from our reserves to cover the shortfall. Whilst we are looking at ways to reduce expenditure, there is also a need to increase our income. Sale of tickets provided only about 36% of our income in 2007.
The viability of the National Prayer Breakfast for Scotland continues to be dependent upon your generous financial support. Your donations help us to maintain the ticket price at a reasonable level whilst ensuring the reputation of the Breakfast as a high quality event. In 2007 twenty-two people were subsidised, in keeping with our policy to offer a concessionary rate for young people and those on low income.
The price per ticket for the Prayer Breakfast planned for 4th June 2008 is £22 per head with a concessionary rate of £15 per head.