
Secretive Christian community GloriaÂvale has built up over $40 million in assets Â- including aircraft for its Âcharter flight service - through a charity that pulls in millions every year.
Gloriavale's most recent Âbalance sheet, registered with the Charities Services on ÂJanuary 31, states its Christian Church Community Trust has $41.4m in total assets. Most of that is in land ($10.4m) and buildings ($11.6m) but it also has deer and dairy stocks worth $4.8m and $928,000 in "vehicles and aircraft".
Gloriavale's accounts also show a healthy cashflow, with annual returns over the past seven years never seeing income drop below $3.9m.
The most recent return saw a $1m jump in revenue to $6m. A GloriaÂvale spokesman declined to comment.
GloriaÂvale, which will this week be the focus of a documentary looking at the roles of women in the Âcommunity, has an emphasis on earning cash through industry and farming but the Âdocuments also show it is a beneficiary of tithing Âincome, with $2.8m gifted from its followers.
Massey University Professor Peter Lineham is an expert in New Zealand's religious history and Âactivity.
He says Gloriavale is one of a small group of churches Âdoing well Âfinancially - but it's doing it Âdifferently to others.
Gloriavale is based on farmland in Haupiri on the West Coast of the South Island and Lineham says it "has done amazing things for a very poor part of the coast". Part of its success lies in its Âability to hang on to the devoted, compared to high turnovers of followers seen in freer, inner-city churches.
But, he says, it is also a very Âregulated existence.
"It's a highly controlled life and manipulated structure with Âarranged marriages. It's the Âexact opposite of the free-wheeling commercially run operation that's trying to build its numbers," Lineham said.
"Their recruitment is Âentirely from a very high birth rate. But every single member in the Âcommunity is in fact working under community orders, for the community. Nobody gets a Âseparate income. All expenditure is controlled by the community."
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