TSCF Financial Report 2023

These words from Paul’s letter to the Thessalonians have been a helpful reminder throughout 2023. The National Director’s 2023 strategic priorities were to Reconnect, Refresh and Rebuild.  The TSCF Board approved a purposeful deficit budget for 2023 (~$30k), a signal of intent to take a purposeful step of faith towards growth in the 2023 budget.

It is with thanksgiving that I present to you TSCF’s financial accounts for 2023, which show a year-end surplus of approximately $82k, which we will seek to steward well.

Rejoice:

• The funds received have enabled TSCF to provide another year of support to students on the ground, through staff input, training, facilitating outreach events and, ultimately, equipping students to share the gospel with their peers.
• Thank you for your generous response to the Summit fundraising appeal. 48 students and graduates to attend Summit ’23. Our national conferences continue to be an integral part of the TSCF student journey and it’s wonderful to see so many of the wider TSCF whānau contribute towards this for the next generation of students.
• 2023 provided opportunities for reconnection with partner movements around the world. We were privileged to send twelve participants, including four students, to the IFES World Assembly in Indonesia. Through the event, these participants were captivated by what God is doing around the world and brought renewed vision and energy back to their campus groups. Thank you to the many of you who contributed towards this.

During the year we also reduced our mortgage on The Well. Through generous donations, we were able to repay $100,000 in February 2023, as well as continue paying our regular instalments. By 31 December 2023 we had successfully reduced our mortgage from $535k to $356k. We hope to reduce this by a further $50k in 2024.

…Pray continually, giving thanks in all circumstances. (vv17-18).

Though reducing outgoings are normally seen as a positive, we have experienced a few challenges this year which account for the year-end surplus:

• Recruitment: We were thrilled to make some key appointments to grow both office and field teams, including Auckland staff, Communications Manager and PA to the National Director. We continued with reduced staffing through much of the year, especially in administration. This reduced our costs, but it also substantially restricted our capacity to rebuild. Please pray for God to continue to provide workers for the harvest field, especially in the Wellington and Manawatū regions.
• Gospel project: We would like to produce another Gospel project, however capacity limitations meant it was not prudent to begin production this year. Please pray that we would be able to move forward with this vision in 2024.
• On 12 December 2023, during an adverse weather event, the TSCF Office in Wellington suffered substantial flood damage. Thankfully, the repairs have not significantly impacted either finances or ministry at this stage, but are ongoing, which has again limited the administrative team’s capacity. Pray for God’s provision of suitable repairs to the building and for a more settled 2024.

We give thanks: Please joining us in praising God for his continued gracious provision to TSCF in this work of helping students reach their friends for Christ. Pray that God would continue to provide all that is needed for this ongoing work in universities and polytechnics across New Zealand.

Finally, I want to give thanks to God for you, the faithful TSCF family, for holding TSCF in prayer and financial support. We are so grateful for you!