Moxafrica's Financial Overview

Moxafrica registered as a charity on 24th February 2009. As such it is referred by the UK Charity Commission as a "recently founded" charity without any information publicly available until possibly March 2011. The trustees do not consider this as being helpful to potential funders, and for this reason we are publishing below our interim costings in terms of income and expenditure, as well as a prospective budget for 2010.

INCOME

Since the beginning of the investigations (June 2008) Moxafrica has received income of £10,046.

Proportionately this consists of:

Grants - 50%; Private donations - 17%; Organisation donations - 15%; Christmas Cards - 13%; Company donations - 5%

EXPENDITURE

Since the beginning of the investigations (June 2008) Moxafrica has expended £6819.These costs have incurred in completing the preliminary research phases, and the first investigative trip to Uganda.

Proportionately this consists of:

Project cost (Uganda 1) - 40%; Translation of Japanese research papers - 26%; Research materials - 11%; Christmas card manufacturing costs - 8%; Travel in UK - 6%; Publicity costs - 4%; Training - 4%; Admin - 1%.

2010 BUDGET

The charity is embarking upon an imminent programme of increased activity, starting with the setting up of a scoping study in Kampala, including subsequent monitoring and support.

Behind this, parallel scoping studies are planned for two other locations in Africa, as yet not finally decided upon. 

Building from the progress of these, the development and design of a rigorous research study is planned in collaboration with a university in South Africa.

In the UK some limited research is planned investigating blood changes using controlled and comparative protocols on volunteer acupuncturists.

We are currently budgetting each trip to Africa as costing £3,000, plus ongoing costs on site in Ugnada. With possibly eight fieldtrips in prospect this year, we are thus anticipating costs of £30,000. The costs of the remaing research in the UK is anticipated at around £1,000. If the management of the charity can be maintained as present we anticipate that running costs including publicity, fundraising and administration will not exceed £4,000.

This makes a total budget expenditure of £35,000 for 2010.

Our intentions are to raise this through grants, organisational donations, private donations and specific fundraising initiatives.