MISMANAGEMENT OF FUNDS IN THE CHURCH: ISSUES AND PROSPECTS (A CASE STUDY OF UNIVERSAL REFORMED CHRISTIAN CHURCH)
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This study used Ministers of the Universal Reformed Christian Church to analyze mishandling of monies in the church: challenges and potential. To accomplish this goal, three research questions and two research hypotheses were developed to drive this study. The information was gathered from both primary and secondary sources. The primary data were gathered using a well-structured questionnaire with two sections that was delivered to the Ministers of the Universal Reformed Christian Church. To assess the research topics, tables and basic percentages were employed, while the Chi-square statistical tool was used to test research hypotheses. The study demonstrates a considerable disparity between the financial management of the church as a religious institution and the effectiveness of internal controls and accountability systems in the church. The research concluded with various recommendations, including that mishandling of funds should not be accepted in the Universal Reformed Christian Church and that other Churches and Churches should focus on the great commission rather than fret or battle over cash.
1.1 Background to the Study
Money is raised to support the establishment of schools and education, to aid the poor, to build nonprofit organizations, to promote deserving causes, and to maintain life by responding to emergencies. To accomplish things, one needs money. Many people have incorrect ideas about fund raising. Money could be raised in many different ways, not just by begging.)Similar to how donations are essential to the work of the church, anyone can start out with a modest business and, with dedication and hard work, grow it into a significant source of income for themselves or their organization. However, serious consideration should be given to how money are taken from people and where the money raised goes without the extraordinary generosity of some members of the church and their friends, mission activities will be less effective and the church’s goals on reaching the widows and the needy may not be attained.
This study focuses on moral concerns associated with church fund raising, and the biblical response in the methodology is often applicable to any Christian organization seeking funding. Additionally, it contains details on various forms of fundraising, justifications for doing so, strategies for doing so, and the caliber of a fundraiser. Other terms used in this work that are synonymous with fund raising include alms giving, philanthropy, altruism, goodwill, humanitarianism, endowment, grant, subsidy, donation, benevolence, relief, welfare gift, charity, and contribution. It also includes a series of recommendations that serve as a guide for fundraisers.
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