NAFofA believes in full disclosure of all funds received and spent.  This shows the accounts for NAF Ghana for the 2009-2010 tax year.  If you have any questions, use the contact us link and we'll gladly respond.

NAF GHANA ACCOUNTS 1 July 2009 thru 30 June 2010 Direct and Overhead Breakdown Ghana Cedis US Dollars % of Total expenses Direct Expenses 33,448 23,737 92.33% Overhead Expenses 2,779 1,972 7.67% NOTE: The office rent was paid last year. Had the rent been included (840 USD), the overhead expenses would have been 10.59% Grand Total 36,227 25,710 100.00% NAF Ghana Expenses Annual Ghana Cedis Monthly Average Gh Cedi Annual US Dollars Monthly Average US Dollars % of Total expenses Home Total includes salaries 21,141 1,762 15,003 1,250 58.36% Total School Expenses 12,307 1,026 8,734 728 33.97% Total Office 2,369 197 1,681 140 6.54% Bank Charges 410 34 291 24 1.13% NAF GH TOTAL EXPENSES 36,227 3,019 25,710 2,142 100.00%           Home Total includes Suhum School excludes after school & home school 26,310 2,193 18,672 1,556 Suhum School Expenses 8,237 686 5,846 487 Home School & After School Teachers 4,070 339 2,888 241           Summary Total Expenses per Worksheets (Sanity Check) 36,227 3,019 25,710 2,142 Monies Received Ghana Cedis US Dollars Balance at start of year 14,620 10,375 NAFofA Contributions 40,160 28,501 Dutch Donors 710 504 Total 55,490 39,380 Total Expenses 36,227 25,710 Year End Balance 19,263 13,670 Item Annual Ghana Cedis Monthly Average Gh Cedi Annual US Dollars Monthly Average US Dollars Rounded US Monthly Avg Rounded US Annual Avg TOTAL Cost per child 3,293 274 2,337 195 200 2,400 Education Average per child 1,119 93 794 66 70 840 Basic Care (total - education) 2,175 181 1,543 129 130 1,560 USD to GH Cedi Exchange rate 1.41 Total Other donors Contributions 710.15 59.18 503.97 42.00