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Published UK Financial Accounts 2011 - highlights.

Posted: Mon Sep 10, 2012 9:59 am
by _Drifting
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."

Re: Published UK Financial Accounts 2011 - highlights.

Posted: Mon Sep 10, 2012 4:01 pm
by _Drifting
Here's a little speculation for you:

There are 332 congregations in the UK.
Tithing paid equates to an average of £91,000 per congregation per annum.
UK average salary is £30,000 per annum which would, if full tithe were paid, generate £3,000 per annum in tithing.

Dividing the £91,000 by the £3,000 average would mean an assessment that only approximately 30 members per congregation pay a full tithe.

Membership numbers average out at 566 members per congregation.

Re: Published UK Financial Accounts 2011 - highlights.

Posted: Mon Sep 10, 2012 4:43 pm
by _just me
Note: Temples (2 in UK) generated an income of just over £1,000,000 in both 2010 and 2011.


Wait, what? Temples generate an income?

Jesus would not be pleased.

Re: Published UK Financial Accounts 2011 - highlights.

Posted: Mon Sep 10, 2012 4:58 pm
by _Drifting
just me wrote:
Note: Temples (2 in UK) generated an income of just over £1,000,000 in both 2010 and 2011.


Wait, what? Temples generate an income?

Jesus would not be pleased.


The secret is a business model incurring no staff costs...

Re: Published UK Financial Accounts 2011 - highlights.

Posted: Mon Sep 10, 2012 5:16 pm
by _PrickKicker
Drifting wrote:
The secret is a business model incurring no staff costs...


There are full time maintenance guys and gardeners, that are paid.

There's the accommodation centres
(they are only £5/£10 a night.)

There is the laundry fees for the borrowed robes.
(last time I went everything I borrowed came to £1.)

There's a canteen.
(the stuffs not cheap, but not excessive.)

How the hell do they do they get the £1,000,000???

There was a donation box at the visitors centre but that only had a few coins in???

a miracle or fiddling the books?

YOU DECIDE!

Re: Published UK Financial Accounts 2011 - highlights.

Posted: Mon Sep 10, 2012 7:29 pm
by _subgenius
Drifting wrote:income from "charitable activities" £1,096,000. (this seems to be income from Temples)

(CFR)

Re: Published UK Financial Accounts 2011 - highlights.

Posted: Mon Sep 10, 2012 7:46 pm
by _Drifting
subgenius wrote:
Drifting wrote:income from "charitable activities" £1,096,000. (this seems to be income from Temples)

(CFR)


Thought you'd never ask...

From the published accounts:
Temple income £1,202,000 (2010 - £1,036,000)

:biggrin:

Re: Published UK Financial Accounts 2011 - highlights.

Posted: Mon Sep 10, 2012 7:51 pm
by _subgenius
Drifting wrote:Here's a little speculation for you:

There are 332 congregations in the UK.
Tithing paid equates to an average of £91,000 per congregation per annum.


Drifting wrote:UK average salary is £30,000 per annum

this number seems incorrect...are you just figuring average "male" salary?
and is it a gross or net income?
i understand that in 2011 UK net average income was £26k

Drifting wrote:which would, if full tithe were paid, generate £3,000 per annum in tithing.

or some other number as more accurate and relevant data is provided.

Drifting wrote:Dividing the £91,000 by the £3,000 average would mean an assessment that only approximately 30 members per congregation pay a full tithe.

just based on your income discrepancy we can see a 17% deviation in your computations. The truth is you have disregarded the distribution of these congregations...there can be another statistical skew if you, as you have done, assume these congregations to be equally distributed across the UK and that the congregations have an equal distribution of the "average" net income.
Even on this website, they assume net averages based upon a two adult home without children...without children? not likely an "average" LDS congregationalists.

Drifting wrote:Membership numbers average out at 566 members per congregation.

your numbers are meaningless, represent poor statistical computation, and are likely not representative of anything, let alone whatever inference you are trying to make.
it would be foolish for anyone to draw any conclusion from whatever voodoo statistics you are trying to crunch here.
in other words:
"yawn"

Re: Published UK Financial Accounts 2011 - highlights.

Posted: Mon Sep 10, 2012 7:55 pm
by _subgenius
Drifting wrote:Thought you'd never ask...

From the published accounts:
Temple income £1,202,000 (2010 - £1,036,000)

:biggrin:

sorry, i understood CFR as being a request for a credible link or credible citation would be provided...obviously you think it just means "type it again"

Image

Re: Published UK Financial Accounts 2011 - highlights.

Posted: Mon Sep 10, 2012 7:57 pm
by _subgenius
PrickKicker wrote:...a miracle or fiddling the books?

YOU DECIDE!

OR...some other valid resource that you were just incapable of realizing.
(nice false dichotomy, by the way)