Moxafrica's Financial Overview

(This page will shortly be updated with both accounts as submitted to the UK Charity Commission for 2010-11. It should be noted that the costs for the year 2010-11 have been contained well below the projected budget published below, despite achieving all the identified aims.)

The projected budget for the research with Makerere University and its breakdown can be viewed by scrolling down to the bottom of the research proposal page)

      Contents:             Part 1 - View of Income and Expenditure in 2010

                                            Part 2 - Projected Budget for 2011

Part 1

Moxafrica registered as a charity on 24th February 2009. 

Information as required by UK charity law regarding income and expenditure can be found on the Charity Commission website - (http://www.charitycommission.gov.uk/ShowCharity/RegisterOfCharities/CharityFramework.aspx?RegisteredCharityNumber=1128408&SubsidiaryNumber=0) .

These figures cover the period 24th February 2009 (when the charity was legally registered) up until June 30th 2010 (which is the final day of the Moxafrica accounting period).

INCOME in 2010

We have recently reviewed the sources of income across the year 2010, and list them as follows:

                      Grants                                           0  

                      Private Donations                 5093    

                      Workshop Income                5327

                      Organisation donations       5967

                      Misc.                                           321

                      Company donations                    0 

                                                                    16,708                                                             16,708

We are immensely grateful to the following organisations which have contributed to Moxafrica in the last year:-

Notting Hill Methodist Chuch

the Stichting for Traditional East Asian Medicine

The Grant Bradley Trust

the Sisters of La Retraite

the Dutch Branch of the Toyohari Association

the Brisbane Branch of the Toyohari Association

West Midlands Police

Methodists at Work

We also wish to thank Junji Mizutani, moxa specialist and editor of the North American Journal of Medicine (NAJOM) for his constant, suppport and encouragement.

EXPENDITURE in 2010 

                            Project costs (Uganda)             13,147

                            UK costs                                            311

                            Admin costs                                      281

                            Publicity and advertising                 309        

                            Misc                                                     129  

                                                                                    14,177                                                  (14,177)

                                                   Surplus from 2010          £ 2,531

It will be noted immediately that both income and expenditure has been necessarily modest. Funding has been far harder to obtain than we had anticipated.

We would particularly ask each reader to note how carefully we have spent the moneys used this year:

Activities directly pusuing the charity's aims accounts for 93% of the charity's costs, something which the trustees consider exceptionally good use of the income that has been available.

Part 2

Projected Budget 2011 

Expenditure is planned to significantly increase in 2011 to reflect the expansion of activities.

This is anticipated to break down into three categories:

                         Continuing project work in Kampala

                         Beginning two parallel projects in South Africa (in Nyanga and Robertson)

                         Immunological research in collaboration with an African university

Based on our experiences last year we anticipate being able to contain costs in Uganda to around £12,000 for the year.

Subject to funds being available for us to begin, we plan to launch the two projects in South Africa in March. Our anticipaated budget for the remaining nine months of the year to facilitate and support the two projects is £21,600.

The trustees are unanimous in agreeing that these planned expansions of activities will only happen if sufficient buffer funding is in place prior to their commencement (set at 25% of the anticipated budget).

We anticipate being able to maintain the proportion of direct project costs at over 90% of the total expenditure.

The possibility of beginning the university research much earlier than we had anticipated emerged in November during Jenny's fact finding visit to South Africa. We are unlikely to know more until March; however we do anticipate that we will be required to substantially fund the costs of this research to enable it to happen, and this is not a challenge that we can consider committing to.

What we hope is that this more academic led resarch may well open fundraising oppprtunities which have hitherto been denied to us, but we must wait and see. Until we have a better idea of the possibilities we can do no more than to identify a hoped-for budgetary expense  which may not be inconsiderable. 

Fundraising has proved far more difficult that we had anticipated initially, and we have been forced to plan, implement and adapt activities directly dependant upon the charity's fluctuating fortunes in terms of income.

We have to realistically anticipate an income requirement for the next twelve months of not less than £36,000, or around £3000 per month. 

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