BRITAIN | WTBTS and IBSA Financial Reports for year ending August 2012

by jwleaks 6 Replies latest jw friends

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  jwleaks

  JW Leaks has published the 2012 Financial Reports for the Watchtower Bible and Tract Society of Britain and the International Bible Students Association that were submitted on 21 March 2013 with the Charity Commission of England and Wales.

  Also published is a copy of the submission receipt received by the Watchtower Bible and Tract Society of Britain in relation to their online submission.

  www.jwleaks.org/britain/

  FINANCIAL HIGHLIGHTS

  Average current conversion rate (2013) for GBP to USD

  1 British Pound = 1.5 US Dollars (US$1.50)

  WTBTS of Britain gained a 3.34% return on banking investments and stockmarket investments

  

  

  

  JW LEAKS
• 

  FingersCrossed

  Why do they need so much $$$ since Armageddon is around the corner?
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  MMXIV

  The reserves policy smacks of propaganda - certainly unusual for in this part of a set of financial statements. So they have given America £4m of it's reserves (profit of the charity) and will give more next year too...

  mmxiv
• 

  MMXIV

  What can we understand from these numbers? 1) Grants overseas continue to increase to £26.3m (2011: £24.2m, 2010: £11.9m). These funds don't all go to the Americas, about a third do, but this has increased to £10.2m from £7.9m in the prior year. So £10m of uk funds are donated to WBTS in America! 2) Loans to congregations to purchase or renovate has increased by over 50% in two years to £7.1m (2011: £5.3m, 2010: £4.3m) So is pressure being put on congregations to borrow? Some have identified the policy behind this to them take over the title deeds. 3) Congregation funds deposited with the WBTS increased again by nearly 10% to £35.6m. So have congregations in the UK received donations of £3m in one year or are they being encouraged to put more savings with the WBTS Britain? 90% of these funds are then held in America with WBTS NY. One good piece of news... Legacies are down from £2.5m to £1.0m so despite the WBTS printing an article almost expecting it's members to give their assets to the society on death instead of family - this has initially been unsuccessful - although we'd likely need to observe a decade of figures to understand this properly. mmxiv
• 

  snare&racket

  The 'OINKS' and 'SQUEALS' of greed are echoing across the atlantic.

  If Jesus existed and was here....what would he do according to the bible? In tough economic times, are millions of dollars going to 'brothers and sisters' in lands pained by economic difficulty?..... No.... the Brooklyn trough needs filling and the chubby apathetical piggies awaits feeding time.

  

  They are evidently considering themselves very seperate to Brooklyn in legal terms. Not news I know, but it self evidently deceitful to call the HQ that calls the shots and demanding millions of dollars from them just a "similar charity oversees" that they are.... opting... to give money to. They even half attempt to say this will benefit the charity members in the UK, but then back down in hot air. ALL total lies and must be illegal! Everybody knows HQ is demanding ca$h from all the filthy little pies it has its filthy piggy fingers in.

  This cash is to pay for the new homes and a new facility in the plush countryside north of NY, for ANOTHER charity in ANOTHER country (we can play that game too you FIBBERS!) . One day this document may just bite the UK funneling arm of Watchtower in the arse. There is no reason to not have a UK branch of WT in the UK with legitimate WT leadershup in the USA, though there is obviously a financial or litigation benefit in pretending to be a different charity.

  I am so ashamed to have had any connection to this SNARE and RACKET.

  Do as you are told by Brooklyn little piggies.......

  Oh how powerful and potent information is at untangling indoctrination !

  They seem to have re-occuring amnesia of what they once forced into our infant minds. Thanks to the constant indoctrination, our memory is not so faultering......

  

  That says it all........
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  Aussie Oz

  The propaganda side of the mouth speaks...

  Oz
• 

  jwleaks

  The WTBTS of Britain is producing books and magazines (23 million items for the UK) and are then selling these to the IBSA. For the year ending August 2012 this was at a sales cost of £11.7 million.

  Excess funds from both the WTBTS of Britain and the IBSA are been donated (grant) to the WTBTS of Pennsylvania, who are then lending the money back as interest free loans for building purchases, etc. This is coordinated by the Governing Body of Jehovah's Witnesses.

  The IBSA is donating its property to other WTBTS corporations. For the year ending August 2012 this amounted to £9.5 million.

  The IBSA received £6.7 million in "grants" (donations) from a WTBTS charity in Germany.

  Interestingly the grants received by the IBSA from the WTBTS charity in Germany over the past 3 years, where the European distribution centre is for the WTBTS, is equal to the claimed value of the books and magazines "donated" as charity aid to Europe by the IBSA.

  Simply put, the WTBTS of Britain is printing books and magazines and are selling these to the IBSA. The IBSA then "donate" these items to congregations in Britain and to the WTBTS European distribution centre in Germany and claim the money value as "donations and overseas aid". The WTBTS charity in Germany, after receiving donations from across Europe, can then donates grants to the IBSA equal to the amount the IBSA donated in books and magazines.

  Profits are donated via the WTBTS of Britain to the WTBTS on Pennsylvania, and the central fund operated which contains monies from the WTBTS of NY and Christian Congregation of JW's Inc. The WTBTS of Britain is registered for the secondary purpose of "funding the construction of places of woship in various countries" one of these being the United States of America.

  In documents lodged with the Charity Commission, the WTBTS of Britain claim they operate in the following countries:

  ENGLAND AND WALES

  AUSTRALIA

  BARBADOS

  CANADA

  GERMANY

  GHANA

  ITALY

  JAPAN

  LIBERIA

  MALAWI

  MEXICO

  NIGERIA

  NORTHERN IRELAND

  REPUBLIC OF IRELAND

  SCOTLAND

  SIERRA LEONE

  SOUTH AFRICA

  SOUTH KOREA

  UNITED STATES OF AMERICA

  ZAMBIA

  In documents lodged with the Charity Commission, the IBSA claim they operate in the following countries:

  ENGLAND AND WALES

  AUSTRALIA

  BARBADOS

  CANADA

  JAPAN

  LEBANON

  MEXICO

  NORTHERN IRELAND

  PAPUA NEW GUINEA

  REPUBLIC OF IRELAND

  SAMOA

  SCOTLAND

  SOUTH KOREA

  UNITED STATES OF AMERICA