As you can imagine Ashburnham Place is very exposed to the impact of the Coronavirus outbreak that we are all going through. As a place that depends on people wanting to meet together. With the most recent government advice the number of groups and guests coming to stay with us will almost disappear. We find ourselves in an extremely serious and precarious situation.
While we have been in a good position financially, we do not have sufficient reserves to survive an extended period of little to no income. We have already taken some decisive steps to try and reduce our risk including; stopping all non-essential spending including capital expenditure, actively marketing individual retreats to try and fill capacity left by groups, we have put in place a non-essential recruitment freeze, we have approached our bank and a couple of other institutions requesting short term loans.
Alongside these steps, we are in the midst of 3-phased strategic plan that outlines the further steps we will take in certain scenarios. We are hopeful we will come through this, but it will be not without significant challenge and cost to the team here. We are preparing ourselves for that cost. The Trust has weathered storms before and the way through has always involved the support and generosity of friends like you. The immediate challenge for Ashburnham Place is likely to be cash flow. Please would you consider standing with us at this time in our history by making a gift toward the work of Ashburnham Place? Any gift small or large would make such a huge difference to us at this critical time and enable ACT to be a gift for many years into the future
If we can secure enough cash to cover essential costs over the next 3 to 4 month period we will then be able to continue with ministry activity, particularly caring for our young people and serving our neighbours. It will also enable us to be prepared to relaunch once this restrictive period is over.
Our hope is that with sufficient funds in place we will emerge the other side even more fit for service and ministry. Thank you all
Paul and Andy