Published UK Financial Accounts 2011 - highlights.
Posted: Mon Sep 10, 2012 9:59 am
Please find below excerpts and quotes from the published Financial Accounts for the Church in the UK.
("Actual wording from the published accounts")
Membership - 188,029 (2010 - 187,436)
Convert Baptisms = 1,738
*If one assumes the increase in children of record is equal to the number of member deaths then more than 1,000 members resigned in 2011. If, as is likely given the population demographics of the UK, that there were more children of record than deaths then this estimate of resignations is under stated.*
Operating costs increased to £46,739,000 (2010 - £35,998,000)
£5,459,000 donated to "parent company".
£3,303,000 to fund the Missionary programme in the UK (costs previously borne by "parent company").
Repairs and improvement costs for meetinghouses etc rose by £1,900,000.
Breakdown of 2011 expenses by "activity":
Provision of worship facilities - £23,790,000 (2010 - 22,747,000)
Religious education - £5,943,000 (2010 - 5,200,000)
Missionary work - £6,981,000 (2010 - £757,000) *these seems not to align with "Operating costs" above*
Genealogy work - £5,204,000 (2010 - £5,069,000)
Community projects - £4,761,000 (2010 - £2,158,000)
Within these expense by activity numbers £12,350,000 was "staff costs" and £6,797,000 was "depreciation" on worship facilities.
There were 69 Building cleaners employed (2010 - 174).
There were 18 employee's whose emoluments were higher than £60,001 per annum (2010 - 38)
*The 20 who were cut were those who did not have "benefits accruing under the defined benefit scheme."*
Income increased to £47,976,000 (2010 - £35,673,000)
increase in donation from "parent company" of £3,672,000.
land donation valued at £6,607,643 received from Farmland Reserve.
Donations from members (tithing) - £30,262,000 (2010 - £28,548,000)
Donations (other than tithing):
Missionary support fund - £777,000 (2010 - £755,000)
Book of Mormon fund - £41,000 (2010 - £43,000)
Fast offering fund - £1,625,000 (2010 - £1,761,000)
Temple construction fund - £70,000 (2010 - £58,000)
Humanitarian aid fund - £448,000 (2010 - £508,000)
Youth conferences - £301,000 (2010 - £318,000)
Perpetual education fund - £128,000 (2010 - £177,000)
Note: Temples (2 in UK) generated an income of just over £1,000,000 in both 2010 and 2011.
Other income highlights:
donations from members £33,652,000. (2010 - £32,168,000)
interest from monies invested £38,000. (2010 - £158,000)
income from "charitable activities" £1,096,000. (this seems to be income from Temples)
income from "other" sources £1,769,000. (this seems to be disposal of fixed assets etc)
"During the year £1,876,000 was spent for the relief of the poor and needy not only in the United Kingdom and Ireland but also other countries in Europe and Africa."
"Resources expended exceeded incoming resources for the year by £4,613,000 after taking into account the actuarial loss on the defined benefit pension scheme of £5,850,000."
The "Charity" (Church) placed £1,000,000 in fixed term deposit accounts (2010 - £4,500,000), which achieved an average rate of 1.90% gross during 2011.
The actual reserves as of 31st December 2011 were £254,416,000 (2010 - 260,107,000) which "are significantly above The Charity's target. This significant figure is largely due to the conversion of inter-company debt to grant income that took place in prior years as directed by the parent company."
("Actual wording from the published accounts")
Membership - 188,029 (2010 - 187,436)
Convert Baptisms = 1,738
*If one assumes the increase in children of record is equal to the number of member deaths then more than 1,000 members resigned in 2011. If, as is likely given the population demographics of the UK, that there were more children of record than deaths then this estimate of resignations is under stated.*
Operating costs increased to £46,739,000 (2010 - £35,998,000)
£5,459,000 donated to "parent company".
£3,303,000 to fund the Missionary programme in the UK (costs previously borne by "parent company").
Repairs and improvement costs for meetinghouses etc rose by £1,900,000.
Breakdown of 2011 expenses by "activity":
Provision of worship facilities - £23,790,000 (2010 - 22,747,000)
Religious education - £5,943,000 (2010 - 5,200,000)
Missionary work - £6,981,000 (2010 - £757,000) *these seems not to align with "Operating costs" above*
Genealogy work - £5,204,000 (2010 - £5,069,000)
Community projects - £4,761,000 (2010 - £2,158,000)
Within these expense by activity numbers £12,350,000 was "staff costs" and £6,797,000 was "depreciation" on worship facilities.
There were 69 Building cleaners employed (2010 - 174).
There were 18 employee's whose emoluments were higher than £60,001 per annum (2010 - 38)
*The 20 who were cut were those who did not have "benefits accruing under the defined benefit scheme."*
Income increased to £47,976,000 (2010 - £35,673,000)
increase in donation from "parent company" of £3,672,000.
land donation valued at £6,607,643 received from Farmland Reserve.
Donations from members (tithing) - £30,262,000 (2010 - £28,548,000)
Donations (other than tithing):
Missionary support fund - £777,000 (2010 - £755,000)
Book of Mormon fund - £41,000 (2010 - £43,000)
Fast offering fund - £1,625,000 (2010 - £1,761,000)
Temple construction fund - £70,000 (2010 - £58,000)
Humanitarian aid fund - £448,000 (2010 - £508,000)
Youth conferences - £301,000 (2010 - £318,000)
Perpetual education fund - £128,000 (2010 - £177,000)
Note: Temples (2 in UK) generated an income of just over £1,000,000 in both 2010 and 2011.
Other income highlights:
donations from members £33,652,000. (2010 - £32,168,000)
interest from monies invested £38,000. (2010 - £158,000)
income from "charitable activities" £1,096,000. (this seems to be income from Temples)
income from "other" sources £1,769,000. (this seems to be disposal of fixed assets etc)
"During the year £1,876,000 was spent for the relief of the poor and needy not only in the United Kingdom and Ireland but also other countries in Europe and Africa."
"Resources expended exceeded incoming resources for the year by £4,613,000 after taking into account the actuarial loss on the defined benefit pension scheme of £5,850,000."
The "Charity" (Church) placed £1,000,000 in fixed term deposit accounts (2010 - £4,500,000), which achieved an average rate of 1.90% gross during 2011.
The actual reserves as of 31st December 2011 were £254,416,000 (2010 - 260,107,000) which "are significantly above The Charity's target. This significant figure is largely due to the conversion of inter-company debt to grant income that took place in prior years as directed by the parent company."