As a prequel to a much more in depth article on the finances surrounding the Plymouth Brethren Christian Church & their UK members, we wanted to share some top line "fag packet" numbers in the UK.
Income from UK government contracts alone, approx - £2.6 billion (Over £2 billion (83%) of that going to companies linked to the Hales family, Gareth, Dean, Greg, Charles along with Lester Martin).
Fag packet profit calculation at 15% equals £390 million (Hales family linked companies £323 million!)
The Grace Trust
Looking at the last accounts lodged for the Grace Trust which is responsible for UBT in the UK, and the major donor for OneSchoolGlobal UK and the RRT.
Income - £128 million
Expenses - £127 million
Breakdown of Expenses -
£28 million to OneSchoolGlobal UK
£1 million to the Central Hardship and Relief Trust "CHART"
£0.5 million to other hardship trusts (National Assistance Funds)
£0.64 million to the Rapid Relief Team RRT
£0.59 million to non brethren charities (2%)
Funds available £55 million!
The last accounts lodged show the operating costs for the UK schools including transport
Income £45 million
Expenses £40 million
Funds Available 11 million
Rapid Relief Team
Income - £1.3 million (640k Grace Trust, 168k Govt Grants)
Expenses - £1.17 million (£441k on Staff & Running cost - £772k on events)
Funds - £1.4 million (majority in cash)
Central GH Trust
The fund to support the Meeting rooms has £18 million funds available
It is clear the PBCC members and the trusts are awash with profits and funds. The Hales family especially. The profits from just the government contracts in the UK could fund the schools for circa 10 years alone.
As a footnote there are questions
We have a much more in depth piece to come out, hopefully before the end of June