Whoever sows sparingly will also reap sparingly, and whoever sows generously will also reap generously. Each of you should give what you have decided in your heart to give, not reluctantly or under compulsion, for God loves a cheerful giver.
2 Corinthians 9:6-7
BSB: 704-922
Account: 100003078
New Sound Church
New Sound Church implements a high standard of accountability and stewardship. This outlines the governance and operations relating to the church’s finances.
New Sound Church is a not-for-profit organisation governed by a leadership team (elders & deacons). They are responsible for the management of all the affairs of the church. This is outworked through regular meetings. The office-bearers of the organisation are the Senior Pastor and the Secretary-Treasurer. The balance of the leadership is made up of a combination of people from within New Sound Church’s congregation. Each appointed leader serves for a 24-month renewable term.
The Church’s financial records and systems are audited annually in line with requirements/guidance from the Australian Charities and Not-for-profits Commission (ACNC) and/or the relevant regulatory bodies. Strict internal controls are applied including: Two cheque signatories are required for all payments; all payment requests must be authorised by the Director of a ministry and the Secretary-Treasurer; and all money received must be counted by at least two people. Each ministry works to a budget set by the leadership and affirmed by the church at the Annual General Meeting. The budget and financial performance is reviewed at each leadership meeting. All significant purchases are tendered for competitive pricing. The financial plans of New Sound Church are prepared with a spirit of faith and careful planning.
New Sound Church operates an open book policy whereby congregation members are welcome to make an appointment to inspect the audited financial results of the church.