Church publishes 2011 Financial Accounts in the UK.

Stumbling Sep 2012

Please find below excerpts and quotes from the published Financial Accounts for the Church in the UK.

Membership - 188,029 (2010 - 187,436)
Convert Baptisms = 1,738

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."

Elaine Dalton
Re: Church publishes 2011 Financial Accounts in the UK.
Topping

brefots
Re: Church publishes 2011 Financial Accounts in the UK.
18 employees get +60 grand a year? Isn't that like three times an avarage salary?

Heresy
Re: Church publishes 2011 Financial Accounts in the UK.
Any idea how many missionaries share the 3 million for that program?

Stumbling
Re: Church publishes 2011 Financial Accounts in the UK.
Yes.
Stumbling
Re: Church publishes 2011 Financial Accounts in the UK.
No.
There are 6 missions in the UK.
bvd
Re: Church publishes 2011 Financial Accounts in the UK.
Housing and cars for mission presidents...
Stumbling
Re: Church publishes 2011 Financial Accounts in the UK.
Yes I think that is also included in this section.
As is the costs associated with running the MTC.
deconverted2010
Re: Church publishes 2011 Financial Accounts in the UK.
Thank you Stumbling for sharing this information.

I am disappointed to see that tithing increased in 2011 in the UK. It was the same for the 2011 Canadian tithing, they had an increase. I guess my first year of $0 tithing to the lds church made no dent in their numbers. =)

The church if filthy rich and it gets richer each day by squeezing members till the last drop. I have a hard time imaging the kind of people who make the decisions to cut church jobs and pass more work to the members.

Re: Church publishes 2011 Financial Accounts in the UK.
Here's what I don't get:

Why did the UK Church donate £5.5 million to SLC and in the same year SLC donated £4.8 million (£3.672 million more than 2010) to the UK Church.

Seems a pointless moving around of monies unless this is a method of dodging tax?

alx71ut
593 more members, 105 janitors reduction, and a scheme
A few things I noticed:
1. 593 more members. IMO that is NOT growth as I'm guessing its even harder in the UK to get deadweight members off of the rolls and that the UK Unknown Address File keeps steadily growing as people move and forget to contact the church so they can get home teachers, visiting teachers, and know when its their turn to clean the Lord's toilets.
2. 105 fewer janitors. I wonder how clean the houses of the Lord are now in the UK.
3. So their pension plan is a scheme? I just love that choice of word - scheme ;)

Now on a tangent ... I really don't get it why the USA media is ignoring the reasons why Romney won't release his 2009 tax return. As soon as the election is over (assuming he loses) then the microscope focused on the church will lose its focus. I'm a big fan of leaders being accountable.

Elaine Dalton
Re: Church publishes 2011 Financial Accounts in the UK.
I will tell you how clean they are....not very.
When I was in young women's a couple of years ago, it was an activity for the young men and women to clean the toilets, and it was disgusting. Dirty diapers are left in there for months, no tissue, horrible smell, no soap etc.
My ward definitely didn't have a paid janitor.

Stumbling
Re: 593 more members, 105 janitors reduction, and a scheme
There are 332 congregations in the UK.

Tithing per congregation = £91,150 per annum.
Uk average salary is £30,000 which would equate to a tithe of 3,000 per annum. That equates (statistically) to an average of 30 members per ward paying a full tithe.

Average members per congregation = 566 (in reality attendance averages way below 200 per congregation with most below 150).

Makurosu
Re: Church publishes 2011 Financial Accounts in the UK.
There are only 188,029 members in the UK? lol

I had no idea the membership was so low there. That's out of 62 million people. So, about 1 in 330 people in the UK is Mormon, and I'm sure they're counting every flea on every dog. I bet people there would never have even heard of the Mormons if they weren't so weird.

Donations (tithing) from members is only £30,262,000. That's about £161 per Mormon or about £3.10 per week per Mormon.

I don't think I understand these two figures:

> £5,459,000 donated to 'parent company'.

> increase in donation from 'parent company' of £3,672,000.

Are Solihull and SLC just sending cheques to each other?

Interesting figures. Thanks for posting that!

Stumbling
Re: Church publishes 2011 Financial Accounts in the UK.
In answer to the last bit of your post, yes. It does appear that money is bouncing between the two entities and I cannot think of a valid reason except for it being some kind of tax avoidance at both ends.

Heresy
Re: 593 more members, 105 janitors reduction, and a scheme
That math brings a smile at least.

Thirty tithe payers per ward? OK!!

Jesus Smith
Re: Church publishes 2011 Financial Accounts in the UK.
A few things of interest:

> Note: Temples (2 in UK) generated an income of just over £1,000,000 in both 2010 and 2011.

How did they earn income from operating temples?

> Expense: Genealogy work - £5,204,000 (2010 - £5,069,000)

That's a lot for genealogy!

> Expense: Community projects - £4,761,000 (2010 - £2,158,000)

That's less than on dead ancestors!

> "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.

Again, such a low value for a charity.

ThisONE
Re: Church publishes 2011 Financial Accounts in the UK.
What is income producing in the Temples? Cafeterias? Clothing rentals? ????? $1,000,000 for two Temples? That seems like an awful lot.

Money Changers ...

jah
Re: Church publishes 2011 Financial Accounts in the UK.
I'm not too well versed on NFP organizations and even less for the international ties between them, but most likely the moves happened at different times of the year. I would guess any excess revenue at the end of the year from satelites such as UK and Canada were sent to SLC and that any revenue transferred from SLC to the satelites happened at the beginning of the fiscal years for the satelites to cover expected budget shortages.
lost+forgotten
Re: Church publishes 2011 Financial Accounts in the UK.
Do they include income from the Distribution Centre as temple income? Still seems a high figure but that income would boost the clothing rental and cafeteria.
EssexExMo
Re: Church publishes 2011 Financial Accounts in the UK.
just a guess
the temples have accommodation - which may generate a revenue

also, the london temple annex has a shop for mormon toot - books by the GA's, YW jewellry, board games and baptism colouring books......you know the stuff

anointed one
Temple income includes...
...charges for accommodation, think 2 hotels. Patrons pay an overnight charge for staying at the temple for a night or a week or whatever. Also, temple missionaries and workers pay a monthly rental charge.

Cafeteria and clothing rental are other income items for the temples.

Ragnar
Re: Church publishes 2011 Financial Accounts in the UK.
Isn't this called "money laundering"?
UK-Sinner
That stones is sure rolling slowly lol.
1738 baptisms divided by 12 months = 145 (rounded up) divided by six mission = 24

24 baptisms per mission, per month lol.

40-50 baptisms per month was considered bad in my UK mission over 20 year ago. Back then friends in the inner city/central London missions used to baptise African immigrants by the dozen some months.....that was just a single companionship.

I'll bet that's how things are panning out now, still loads of Africans being baptised in London & barely a splash (literally) anywhere else. The ward that I currently live in, has had less than 10 baptisms in the last 5 years & there have been full calendar years, with zero baptisms.

Stumbling
Re: Church publishes 2011 Financial Accounts in the UK.
Here is an excerpt from an article titled "Exciting Times In Europe" from lds.org.

In 2009 the Europe Area Presidency, of which Elder Teixeira was a part, stated in the Area Committee Report: “As we retain our convert baptisms, save our youth, and continue to reactivate the less-active, we will be able to double the active membership of the Europe Area within ten years.” The current Area Presidency is committed to continuing this effort that began three years ago, with the goal to reach the stated objective by 2020.

"Wonderful things are happening in the Europe Area as members strengthen themselves and their families, seek to rescue those who are lost, and invite their family members and friends to attend sacrament meeting. The rising generation is growing in faith and testimony as they attend daily seminary and institute classes, participate in Special Multi-stake Youth Conferences and activities for young single adults, and apply in their lives the principles outlined in For the Strength of Youth and Duty to God. The number of young people being called as full-time missionaries is increasing each year. Temple attendance is on the rise, as is the number of convert baptisms."

I wonder where these exciting times are happening. It's clearly not in Sweden and these figures show it isn't the UK. So where?

Rowell back
Re: Church publishes 2011 Financial Accounts in the UK.
It's called intercompany accounting. Sometimes a company will fund or pay certain expenses on behalf of another wholly owned company or subsidiary. Most companies will settle in cash and send payment to the other company. Some net settle and others end up considering calling the balance due an equity contribution at a later time.

Most likely this is a tax planning effort to move funds around which can so be done with related party notes payable or intercompany loans.

Don Bagley
Re: Church publishes 2011 Financial Accounts in the UK.
Looks like the Mormon population in the UK is .3%. In contrast the Muslims make up over 4% of the UK's population. Hmmm...

presbyterian
Re: Church publishes 2011 Financial Accounts in the UK.
That sounds just like Scientology propaganda~

Stumbling
Re: Church publishes 2011 Financial Accounts in the UK.
Thanks for that Rowell.

"Recovery from Mormonism - www.exmormon.org"