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Sunday, June 15, 2014

Where your money goes suckers [from Anticult]

So SGI-UK gets most of their money from donations, and SGI courses, books and selling SGI stuff. 

As well as a chunk from bank interest. 

----------2010 report------------- 
General donations and other similar types of voluntary income £ 1,774,078 
Income from events & courses, shops, etc. £ 1,285,808 
Bank interest receivable on short term cash deposits £ 761,685 
---------------------- 

ok lets see all the people SGI is helping with this charity money. 

COSTS OF THE ADVANCEMENT OF RELIGION £ 924,844 
(Costs of events & courses: regional, divisional, national and group costs, Publications costs, Shops costs) 

So that's 1 million gone for running the SGI-UK courses and shops. 

Support costs (see note 7) £ 2,638,754 
Staff costs (see note 8) £ 1,134,353 

- See the 2010 report, to see that about another 1 million is gone for Depreciation costs, and repairs! 

So 3.5 million total expenses, about 1 million to market SGI-UK, 1 million for "depreciation", 1 million for staff with a nice chunk going to the Execs. 

So there is nothing in this report of doing ANY charitable work at all, except for a few grand to UNICEF. 
So all the money that goes into SGI-UK goes for building costs, repairs, depreciation, and staff. 

Many groups have a ratio that says 90% of all donations go to support people. 
For SGI-UK, it looks like about 99% of all donations are spent on SGI overhead. 
Meanwhile, SGI-UK is listing what seems to be 25 million in "freehold properties" which includes the "ornaments and art" at Taplow Court. That sounds like the luxury items for the big boss. 

Operating lease rentals: 
Land and buildings 
Plant and machinery 
Insurance \ 
Compiter costs 
Traveu. expenses 
Communications costs 
Repairs, maintenance and security costs 316,464 
Waste disposal and cleaning costs 
Rates and utilities costs 
Auditor's remuneration: 
Audit fees - 
Accountancy and advisory 
Legal and professional fees 
Bank interest, bank charges and other 
finance costs 
Depreciation: 
Owned assets 538,276 
Leased assets 
Loss on disposal of tangible fixed assets 
Other indirect costs

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