Poverty and Hope APPEAL Financial Overview

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POVERTY AND HOPE APPEAL
Financial Overview: May 2015
The Poverty and Hope Appeal has distributed over £700,000 to projects in the United Kingdom and abroad since
it was established over 25 years ago in response to the Bishops’ challenge to churches to give 1% of their income
to relieve poverty. During 2014, we distributed £34,000 from our 2013 Appeal to six projects:
Dominican Republic: helping farmers with climate change and human rights
Kenya: providing maternal and child healthcare in isolated communities
Myanmar: training health workers to provide care in isolated rural areas
Uganda: working with vulnerable people to help them earn a living
Tanzania: providing vocational training to give skills to the disadvantaged
Kent: connecting children with the global crises of poverty and injustice
£6,500
£6,500
£5,250
£5,250
£5,250
£5,250
Our partners during 2014, and continuing into 2015 are Christian Aid, CMS, Us (formerly USPG), the Diocese of
Kondoa (a Partner Diocese to Rochester) and Commonwork, based here in Kent.
Support for the projects in the Dominican Republic, Myanmar and Uganda has now ended and we have added the
following new projects in 2015:
Argentina: supporting marginalised people and protecting the land in which they live
Burkina Faso: improving food security in the face of increasingly unpredictable weather
India: empowering women through community courts.
Details of the Appeal and updates on projects can be found on the Poverty and Hope home page, together with
contact details for making donations, obtaining brochures and gift aid envelopes, or arranging a speaker.
Financial Overview
The Poverty and Hope Appeal year begins in May when the new project brochures are sent out to the parishes.
Many parishes support the Appeal at Harvest or Christmas, so we receive most of our donations between October
and February. Distributions to the projects we are supporting are normally made in the following June or July, after
the end of the Appeal year and once we have received the tax refund on gift aided donations.
The income pie charts show income and expenditure for the Appeal years 2011 to 2013 and corresponding
distributions made between 2012 and 2014. The charts include gift aid refunds associated with those donations,
including refunds received after the end of the relevant year. In addition, a bequest of £20,000 was received in July
2012. The Appeal Committee has decided to spread the benefit of the bequest over a number of years. This has
been used to increase the amounts distributed during 2013 and 2014, above the amount of the donations received
from the 2012 and 2013 Appeals respectively. Expenses comprise the costs of producing the brochures, posters
and gift aid envelopes, together with postage. The Appeal Committee members do not claim general expenses in
connection with the Appeal.
Poverty and Hope Appeal 2013, distributions made during 2014
Poverty and Hope Appeal 2012, distributions made during 2013
Poverty and Hope Appeal 2011, distributions made during 2012
Contribution to the Diocesan Financial Statements for the year ending 31 December 2014
The Diocesan financial statements run on a calendar year basis. This means the Diocese accounts for the year
ended 31 December 2014 include income and outgoings from parts of both the 2013 and 2014 Appeals.
The table below gives unaudited results for the year ending 31 December 2014, and the allocation of income,
expenditure and distributions to the 2013 and 2014 Appeals.
in respect of
Accounts for the year to 31 December 2014
Balance brought forward
2014
Appeal
35,560
2013
Appeal
comparison
year to 31
December 2013
35,560
43,043
31,771
22,156
9,615
26,105
Gift aid tax recoveries
Total receipts and funds
1,648
68,979
22,156
1,648
46,823
1,862
71,010
distributions to projects
34,000
34,000
35,001
donations
-
printing, postage and sundry
Total payments
425
34,425
425
425
34,000
449
35,450
Balance carried forward
34,554
21,731
12,823
35,560
At 31 December 2014, the Appeal held unaudited funds totalling £34,554 of which £32,911 was held with the
Diocese and £1,643 with Santander Bank UK.
Debbie Cooper, Appeal Coordinator
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