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