UK Charity Data For WBTS

by ZindagiNaMilegiDobaara 8 Replies latest social entertainment

  • ZindagiNaMilegiDobaara
  • jhine

    Well if I'm reading it correctly there was a huge difference between money in and money out , £7,798,956 . Most of the charities have pretty much the same coming in and going out .


  • Amelia Ashton
    Amelia Ashton

    They are listed under 2 separate names.

    IBSA first then a bit further down as Watchtower. Add the 2 figures together and that's a huge amount of money they have coming in.

  • The Fall Guy
    The Fall Guy

    Found it.

  • jhine

    So they are 2 separate charities ? How do they manage that ? And why ? There must be some financial reason , they are very cute when it comes to money .


  • Confusedandangry

    @Jan, I wrote to them (IBSA) once asking the same questions. All I got back was that they are not connected in any way, and the Jehovah's witnesses in the UK continue to use the IBSA name for legal purposes only.

  • jhine

    Thanks Confused for that "clarification " as in what the heck does that mean ?


  • dozy

    Essentially ISBA is the property arm containing the bulk of the assets ( such as the Bethel and London property portfolio , including the houses that the Bethel bigwigs stayed in , much of which has been sold or is up for sale in the move to Chelmsford ) ) .

    WTBTS of Britain is the trading arm. The two are linked but independent of each other.

    This structure is very similar to most large listed companies and similar charities. Tesco for example is split into a property division and trading division. So is Oxfam UK. There are many reasons for this structure , mainly for tax efficient reasons.

    An extra advantage is that it ringfences assets so that in the event of a catastrophic event ( think BP Deepwater , for example , or perhaps a huge child abuse verdict against Watchtower ) the core business ( and remember , basically that really is all that the whole JW organisation essentially is - it isn't really a religion per se ) is protected and liability is limited.

    Many will recall a GB member advising a Californian court that he had no connection at all with Watchtower or Geoff Jackson's comments to the Australian Royal Commission claiming that he basically just did a bit of translation work as an unpaid volunteer. Some said they were lying or being disingenuous but what they said is legally and technically correct.

  • jhine

    Not so dozy , Dozy , cheers .


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