Brethren Financials

Money, Money, Money

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. 

Covid Contracts
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!

OneSchoolGlobal UK
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

Summary

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

• RRT where is all the money is being spent by RRT? A voluntary ran operation with equipment and assets, spending over £750,000 a year on snack & drinks?
• UBT is clearly very profitable and funds OneSchoolGlobal, is this in turn reducing the school fees via charitable donations & charity trading?
• The total cost of RRT & donations to other non brethren charities comes to circa £1.8 million. What is the overall financial benefit for the PBCC in terms of their charitable status?

We have a much more in depth piece to come out, hopefully before the end of June