MANNA Annual Report & Accounts 2014
+PXGUVKPIKPVJG$WKNFKPIWRQHVJG#PINKECP%JWTEJKP/Q\CODKSWGCPF#PIQNC
Annual Report and Accounts for 1st April - 31st December 2014
6*4+8+0)%*74%*'5 6GGPCIGTUCVCEJWTEJCHVGTCYGGMņUVGCEJKPIQPYQOGPņUKUUWGU
/Q\CODKSWGCPF#PIQNC#PINKECP#UUQEKCVKQP 4GIKUVGTGF%JCTKV[0QYYYOCPPCCPINKECPQTI 6JG)TGGP/CTEJCO1ZHQTFUJKTG1:0' Trustees The Venerable Christopher Cunliffe John Tasker John Bragg John Doble Eileen Hamilton Ken Hamilton Rev Patrick Coleman Jake Cunliffe Robert Ashdown (stood down in July 2014)
6*4+8+0)%*74%*'5 Committee Associates #PGYEJWTEJRNCPVGF Elizabeth Tucker The Right Rev Graham Dow Rev Ken Hewitt Andy Monteith Ian Gordon - (General Secretary until October 2014) Mike Hopkins - Membership Secretary
The day to day management of MANNA was delegated by the above trustees on October 1st to: Elizabeth Thomas - (Executive Officer) Jenny Warwick - (Finance Officer)
Message from Chair of Trustees: The Venerable Christopher Cunliffe
Welcome to our Annual Report. It has been a year of significant change 6*4+8+0)%*74%*'5 outside and inside the charity. In our partner dioceses we have seen the /WNVKRNKECVKQPQHVJG&KQEGUG retirement of Dinis Sengulane as Bishop of Lebombo and his CPFCPGYUWHHTCICP$KUJQR replacement by Carlos Matsinhe, an old friend whom we look forward to getting to know better. In the diocese of Niassa we welcomed the appointment of Manuel Ernesto as suffragan bishop. Closer to home, we said farewell to Robert Ashdown and Ian Gordon, two outstanding servants of MANNA and were delighted to appoint Elizabeth Thomas and Jenny Warwick in their place, who are already making a difference. We are developing a new website and establishing a presence in social media, too, in our determination to build creatively on the work of previous generations of MANNA trustees and supporters. The stories and financial details in this report speak of our continuing vitality and our commitment to support the work of the church in Mozambique and Angola. I hope they will encourage you to join us. 6*4+8+0)%*74%*'5 0GYN[VTCKPGFEQOOKVVGGVQOCPCIG TCKPYCVGTJCTXGUVKPIVCPMU /Q\CODKSWGCPF#PIQNC#PINKECP#UUQEKCVKQP 4GIKUVGTGF%JCTKV[0QYYYOCPPCCPINKECPQTI 6JG)TGGP/CTEJCO1ZHQTFUJKTG1:0' VISION: Thriving Churches
When you build up and invest in a church and the local community, huge transformation occurs: MANNA’s history which dates back to 1906, is littered with examples of transformation in Mozambique and Angola of clinics established, lives changed, schools built, priests trained, wells built, the vulnerable cared for and the Gospel spread. 6*4+8+0)%*74%*'5 MANNA is privileged to be able to serve these 8KDTCPV/QVJGTņU7PKQPITQWRU 800+ churches, walking alongside them, enabling them to usher in God’s kingdom in their communities. The result is many growing, thriving churches.
NEED:
With thriving churches, there are huge needs for increased support and resources. The financial support that MANNA provides for the Dioceses of Lebombo, Niassa and Angola provide a cornerstone for these churches. By the year 2050, 4 out of every 10 Christians will be in 6*4+8+0)%*74%*'5 sub-Saharan Africa. We need to continue to grow 0GY$KUJQRKPUVCNNGF our support here in the UK to facilitate this ongoing growth.
6*4+8+0)%*74%*'5 %JWTEJ%QOOWPKV[*GCNVJYQTMGTUVTCKPGF
/Q\CODKSWGCPF#PIQNC#PINKECP#UUQEKCVKQP 4GIKUVGTGF%JCTKV[0QYYYOCPPCCPINKECPQTI 6JG)TGGP/CTEJCO1ZHQTFUJKTG1:0' /Q\CODKSWGCPF#PIQNC#PINKECP#UUQEKCVKQP 4GIKUVGTGF%JCTKV[0QYYYOCPPCCPINKECPQTI 6JG)TGGP/CTEJCO1ZHQTFUJKTG1:0' THE*MOZAMBIQUE*AND*ANGOLA*ANGLICAN*ASSOCIATION STATEMENT*OF*FINANCIAL*ACTIVITIES
9"month" Restricted* 9*months*to*31* 12*months*to* equivalent" Note General*Funds Funds Dec*14 31*March*2014 (pro"rata)
Incoming*Resources
1 Voluntary+Income 12,874 53,614 66,488 73,316 54,987
2 Investment+Income 2,546 - 2,546 3,238 2,429
Total+incoming+resources 15,420 53,614 69,034 76,554 57,416
Resources*Expended
3 Charitable+Ac;vi;es 12,345 55,394 67,739 71,817 53,863
4 Cost+of+genera;ng+voluntary+income 1,732 - 1,732
5 Governance 2,695 - 2,695 133 100
Total*Resources*Expended 16,772 55,394 72,166 71,950 53,963
Net*Expenditure/Receipts*before*other* Gains*and*Losses (1,352) (1,780) (3,132) 4,604 3,453
2 Gains/(Losses)+on+investments 1,613 - 1,613 4,421 3,316
Net*movement*in*Funds 261 (1,780) (1,519) 9,025 6,769
ReconciliaGon*of*Funds
Net+Funds+brought+forward 93,393 3,296 96,689 87,664
Total*Funds*carried*forward 93,654 1,516 95,170 96,689
The+notes+to+these+accounts+form+part+of+the+Financial+Statements
/Q\CODKSWGCPF#PIQNC#PINKECP#UUQEKCVKQP 4GIKUVGTGF%JCTKV[0QYYYOCPPCCPINKECPQTI 6JG)TGGP/CTEJCO1ZHQTFUJKTG1:0' THE(MOZAMBIQUE(AND(ANGOLA(ANGLICAN(ASSOCIATION BALANCE(SHEET
Total( Note Total(31/12/14 31/03/14
Current(Assets
2 Investments 77,451 75,838
Debtor:.Gi1.Aid.Receivable 6,241 2,301
6 Bank.Deposits 11,786 18,550
Total.incoming.resources 95,478 96,689
Liabili8es
Creditors.falling.due.within.one.year (308) -
Net(Assets 95,170 96,689
The(Funds(of(the(Charity
Unrestricted.income.funds 93,654 93,393 Restricted.Income.Funds 1,516 3,296
Total(Charity(Funds 95,170 96,689
The.notes.to.these.accounts.form.part.of.the.Financial.Statements
These.accounts.were.prepared.by.Jenny.Warwick,.Finance.Officer.of.MANNA.
They.were.approved.by.the.Trustees.at.their.meeOng.on.11..July.2014.and.signed.on.their.behalf.by
Ven.Christopher.Cunliffe,.Chairman.
/Q\CODKSWGCPF#PIQNC#PINKECP#UUQEKCVKQP 4GIKUVGTGF%JCTKV[0QYYYOCPPCCPINKECPQTI 6JG)TGGP/CTEJCO1ZHQTFUJKTG1:0' Notes to the Accounts
These accounts are prepared in compliance with “Accounting and Reporting by Charities: Statement of Recommended Practice” revised 2005, published by the Charity Commissioner for England and Wales. They are prepared on an accruals basis under the historical cost convention except that investment assets are shown at market value.
• Tax rebates on earmarked Gift Aid donations are allocated to the same destination as the donation at the date the original donation is received, unless the donor requests otherwise • Investments are shown at market value.
1. VOLUNTARY INCOME: RESTRICTED FUNDS
Bfwd 1/4/14 Donations in Spent in Cfwd 31/12/14 period period
Niassa 2,500 25,791 26,837 1,454 Lakeshore Project 0 5,100 5,100 0 Lebombo 750 4,809 5,569 (10) Angola 0 10,579 10,534 45 Nora Sturges Centre 46 3,806 3,845 7 WASH - 3,529 3,509 20
Total 3,296 53,614 55,394 1,516
2. INVESTMENTS AND POLICY ON RESERVES
The Trustees of MANNA look at their investments as would an actuary – what matters is not the capital value at any one time, but the income that these investments produce. The investments of MANNA arise from legacies. If MANNA receives a legacy for a specific purpose, then that legacy is used for that purpose. If the legacy is general, the Trustees adopt the following procedure. If current investment income is less than the cost of running the charity (i.e. paying staff, printing the magazine and maintaining the website) the legacy will be invested to provide long term income to cover the running costs. If investment income is more than the running costs, then the legacy will be spent on a project as more investment income is not necessary. At the moment investment income does not cover the running costs, and so a proportion of general giving has to be spent on this rather than all of it going to Mozambique and Angola.
/Q\CODKSWGCPF#PIQNC#PINKECP#UUQEKCVKQP 4GIKUVGTGF%JCTKV[0QYYYOCPPCCPINKECPQTI 6JG)TGGP/CTEJCO1ZHQTFUJKTG1:0' Over the 9 month period, total investment income was £2,546 (12 months to 31/3/14 pro-rated: £2,429). Over the period, the ongoing costs of running the charity including producing the magazine were £4,427 (12 months to 31/3/14 pro-rated: £4,159). In the year MANNA received no general legacies.
Movements in the valuations of the assets held to produce income to cover the running costs were:
Market Value Market Value 31 December 2014 31 March 2014
1847 M&G Charifund Units £26,560 £26,825 3811 CBF Income Units £50,891 £49,013 Total market value £77,451 £75,838
Total increase in value £1,613
Investment income on the above investments totalled £2,523 (12 months to 31/3/14 pro-rated: £2,399); interest on bank accounts totalled £23 (12 months to 31/3/14 pro-rated: £30). The bank deposit account of £5,837 is held to enable the Trustees to meet unforeseen emergency calls for expenditure from Mozambique and Angola.
3. CHARITABLE ACTIVITIES The following was spent on charitable activities:
9 months to Year to 9 month equivalent (pro 31/12/2014 31/3/2014 rated)
Lebombo 8,982 11,294 8,471 Niassa: Diocese 30,035 21,649 16,237 Niassa: Lakeshore 5,100 9,700 7,275 Niassa: Wash 3,509 - - Angola: Diocese 16,269 12,616 9,462 Angola: Nora Sturges 3,844 11,146 8,359 Magazine and Website shown as cost of 5,412 4,059 generating income Total 67,739 71,817 53,863
/Q\CODKSWGCPF#PIQNC#PINKECP#UUQEKCVKQP 4GIKUVGTGF%JCTKV[0QYYYOCPPCCPINKECPQTI 6JG)TGGP/CTEJCO1ZHQTFUJKTG1:0' LEBOMBO In the period MANNA received specific donations for Lebombo totalling £4,809 (12 months to 31/3/14 pro-rated: £5,293). The Diocese of Lebombo prefers to account for its international receipts in US Dollars. In the 9 month period US$11,178 was sent (12 months to 31/3/14 pro-rated: US$13,125). The Pound equivalent of amounts sent out was £6,971 (12 months to 31/3/14 pro-rated: £8,471). Money was sent out or spent on the following (the Sterling equivalent is shown):
• £100 for the Berta Sengulane Memorial Centre at Zove. • £125 for the Street Children’s Project in Maputo • £40 to help train Catechists • £125 for the church at Mapandane • £750 for the parish of Xai-Xai • £1,000 for the housing costs of the family of Juliao Mutemba • £4,831, before bank charges, for use at the discretion of Bishop Dinis.
Payments of £2,011 were also made as a contribution towards the travel costs of Bishop Dinis and his wife visiting London. At the year end MANNA held Restricted Funds for Lebombo totalling minus £10.
NIASSA: DIOCESAN FUNDS In the period MANNA received specific donations for the Diocese of Niassa totalling £25,791 (12 months to 31/3/14 pro-rated: £12,852). £30,035 (12 months to 31/3/14 pro-rated: £16,237) was sent out or spent on the following:
• £6,250 for the town centre church at Santa Cruz • £75 for work at Messumba • £6,300 for the training of women and girls • £50 for the windows at Yohanna Abdullah Church • £500 for Bishop’s transport • £1,900 for the support of Ramine • £14,960, before bank charges, to Bishop Mark in Niassa for use at his discretion.
At the year end MANNA held Restricted Funds totalling of £1,454 for Niassa.
NIASSA: LAKESHORE HEALTH PROJECT (Salt, Health, Light) This Project is run by the Diocese of Niassa under the supervision of Rebecca Vander Meulen. It is shown separately in these accounts because of the scale of donations received for it. In the period MANNA received donations totalling £5,100 (12 months to 31/3/14 pro-rated: £7,275) for this Project. All was sent out.
/Q\CODKSWGCPF#PIQNC#PINKECP#UUQEKCVKQP 4GIKUVGTGF%JCTKV[0QYYYOCPPCCPINKECPQTI 6JG)TGGP/CTEJCO1ZHQTFUJKTG1:0'
WASH: DIOCESE OF NIASSA WATER, SANITATION & HYGENIE PROGRAMME This is a new project for 2014 being led by Joanne Beale for the Diocese of Niassa. In the period MANNA received donations of £3,529 for the project. £3,509 was sent out, leaving a restricted fund of £20 at 31/12/14.
ANGOLA: DIOCESAN FUNDS In the year MANNA received donations totalling £1,579 (12 months to 31/3/14 pro-rated: £2,971) earmarked for Angola plus a further £9,000 relating to the settlement of arrangements made in 2002 with the Anglican Church in South Africa about the new Diocese of Angola. US$11,675 equivalent to £7,269 at prevailing rates of exchange, (12 months to 31/3/14 pro-rated: US$14,625) was sent out or spent on the following:
• £1,371 towards the cost of repairing the fire damage to the Diocesan office • £240 towards the training of Catechists • The balance of £5,658, before bank charges, was for use at the discretion of Bishop Andre. • In addition, the £9,000 resulting from the settlement of arrangements was forwarded to the Diocese, with no restrictions placed upon its use.
ANGOLA: NORA STURGES CENTRE This Project is run by the Diocese of Angola under local supervision in Lobito. It is shown separately in these accounts because of the scale of donations received for it. In the year MANNA received donations totalling £3,806 for this Project (12 months to 31/3/14 pro-rated: £8,054). £3,845 was sent in the year.
4. COST OF GENERATING VOLUNTARY INCOME (e.g. publication of the magazine) One issue of the magazine was published in the accounting period, in the spring, with an update on the change of officers and details of the new website being sent at the year end. Going forward the Trustees hope to produce two issues of the magazine annually, regarding this activity as an integral part of the charitable work of MANNA.
5. GOVERNANCE COSTS During the period, the following governance costs were incurred: Just Giving Fees £162 Bank Charges £6 Annual Church Service £385 Financial Software £118 Trustee meeting expenses £63 Executive Officer Salary £630 Finance Officer Salary £336 Trustee expenses (airfare) £995 Total £2,695
/Q\CODKSWGCPF#PIQNC#PINKECP#UUQEKCVKQP 4GIKUVGTGF%JCTKV[0QYYYOCPPCCPINKECPQTI 6JG)TGGP/CTEJCO1ZHQTFUJKTG1:0' 6. BANK DEPOSITS At 31 December 2014, £334 was held in the current account with Yorkshire Bank, £5,837 was held on deposit at the Central Board of Finance of the Church of England and £5,615 was held in the current account with CAF Bank.
7. TRANSACTIONS WITH TRUSTEES There were no transactions with Trustees during the 9 months to 31 December 2014 other than the reimbursement of an air-fare totalling £995.
8. PUBLIC BENEFIT The Trustees believe that the charity passes the Public Benefit Tests set by the Charity Commission. There are identifiable benefits for the advancement of religion, the relief of poverty and the furtherance of education across all three Diocese supported by the charity. These benefits are available to all who live in Mozambique and Angola, whether Anglican or not. Some of the positive outcomes of this charitable support are described in detail in the regular magazine. Other positive outcomes are described by the Bishops when they visit the UK on a regular three-yearly cycle to attend the AGM.
9. RISK MANAGEMENT The Trustees are committed to managing, and if practicable to reducing, the major risks that they have already identified. They also seek to identify new risks as they arise and subject them to the same process of management and reduction. The Trustees are aware that MANNA is dependent on the co-operation of local church officers and auditors in Mozambique and Angola to ensure the proper accountability of funds spent locally.
10. CONTINGENT LIABILITIES There were no Contingent Liabilities over the 9 months to 31/12/14 (2014: nil).
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