Chc financial statement year 2009

[Talking Donkey]

CHC make only $1.030.936 after expenditure for year 2009.

 

[aangsc]

CHC make only $1.030.936 after expenditure for year 2009.

Great teacher, can you enlighten us what is wrong with this blurry attachment ? We're commoner , can tell debit from credit.

 

[Talking Donkey]

The page is too big to download.
The report say its earning

1.Tithes+$38,624,767
2.BTCI +$952,086
3.Others+$1,47,318

After deducting many expenditure like salaries,allowance,rental,oversea mission work,etc....
Total=$39,973,235 - $41,004,171=$1,030,976 balance profit.

 

[Narong Wongwan]

1 million profit is not to sniff at......

 

[jw5]

What does "expenditure" include?
"Revenue" we know are from tithes.

 

[Narong Wongwan]

36K monthly rental for Hollywood mansion.....

 

[aangsc]

The page is too big to download.
The report say its earning

1.Tithes+$38,624,767.
2.BTCI +$952,086
3.Others+$1,47,318

After deducting many expenditure like salaries,allowance,rental,oversea mission work,etc....
Total=$39,973,235 - $41,004,171=$1,030,976 balance profit.

1.Tithes+$38,624,767......38,000 patrons....52 wks a year....$24 each only...must ask patrons contribute more. CHC - elite stairway to heaven , how can wkly subscription fee be so low.

2.BTCI +$952,086.....aiyoh what the crap is these , heck , my school never teach me...

3.Others+$1,47,318 .... Wah bigger amt than BTCI yet in 'others' ????

Actually many biz also do these type of creative accounting lah. Deduct maximum expenses and show a small profit. Elite church with elite accountants. Still clueless what is wrong. I can only say tax revenue dept collection not enough , tat Y must check out e detail. 1m profit out of 38m turnover, this type of biz just 2% returns nobody want to do lah, yet they can buy BIG TICKET items.

 

[Talking Donkey]

Year 2008 Report
1.Tithes+$47,491,415
2.BTIC +$1,182,903
3.Others+$821,018
total =$49,495,336

After expenditure like salaries allowance=$9,535,785
other operating and admin expenses =$9,468,633
mission work oversea =$9,599,188
there are many others but the above are the big chunk of expenses
overall expenses for Year 2008=$50,462,466 - $49,495,336= -$967,130


Year 2009.
1.Tithes+$38,624,767
2.BTCI +$952,086
3.Other +$1,427,318
Total +$41,004,171

After expenditure mainly the big chunk
salaries n allowance $8,296,977
mission work oversea $4,904,152
operating admin ex $7,155,838
special event $6,115,371
Total overall ex $39,973,235 - $41,004,171 =+$1,030,936

This are all certified by their accountant Baker Tilly -

 

[Alamaking]

Attachment too small, LOL :p:p:p