I have been looking through the Universal Church of the Kingdom of God (UCKG) accounts on the Charity Commission website. Most interesting they are too. Anyone who wants to check my working or find out more, go to the website and enter 1043985 (the UCKG HelpCentre’s registration number) in the search function.
The first thing I noticed was the difference between income and spending. It is true that any prudent organisation needs to put money aside for hard times – a charity that relies on donations even more so as income can fluctuate. The UCKG has certainly embraced this principle whole-heartedly. Over the period 2004 – 2009 the UCKG in Britain had a total income of £47,837,220 but spent only £28,019,095 retaining £19,818,125 or 41.43% of income. That’s quite some prudence.
Over the same period, the total assets less liabilities of the group grew from £16,728,449 to £33,300,447. Tangible Assets such as property grew from £15,406,338 to £27,740,477. Some of this rise will be due to rises in property values and not due to actual increase in assets. However, as we all know, the credit crunch hit in 2007. In the financial year ending 28 February 2007 the total assets less current liabilities were £24,857,698 and tangible assets were £23,335,297. The relevent figures for the financial year ending 28 February 2009 were, as stated above, £33,300,447 and £27,740,477. A £4.6million rise in tangible assets (£8.4million rise in total assets less current liabilities) during a financial downturn is pretty impressive. Their income over this period was £22,398,499 of which £10,287,875 was not spent on charitable work.
Oh yes. Charitable spending. Over this period £22,415,171 or 80% of all charitable spending was on the provision of church services. This may not be too surprising since they are a religious charity but these services are also an income stream. As I mentioned when I discussed their magazine “Faith In Action” previously, the UCKG does seem keen on donations from the flock and indeed of the income mentioned above £37,211,155 was raised from church service donations. This can be seen as a 66% return on investment. Most impressive.
All I can say to UCKG worshippers is that if you are short of cash when your pastor is banging on about making a sacrifice, keep your money. You need it much more than the UCKG does.