Finances March 1st, 2010-December 31th, 2010                                     (in Kwacha & Dollars) 

“For with God nothing will be impossible.”

This is a quote recorded by Luke, a physician, who writes a detailed account of the life of Jesus. This is a quote from an angel, yes an angel, who speaks to Mary, the mother of Jesus. Luke Chapter 1, verse 37.

Praise God, Who promised us self-sustainability in 9 months!!!!  Jesus, You are our Promise Keeper! You did it! I am in awe! Praise to the God who cares about every detail! He cares about every part of our lives- our relationships, our work, our finances, etc. etc. Our God reigns! And He is a great Dad! Zikomo Yesu! If you are doubting that God can do anything, call me. I will introduce you to the God who moves mountains for His children.

A special thank you and acknowledgement to our 25 year old financial accountant (smile) and Director of the Africa ABC Project, James Machila, who managed our financial books from March to December. James, we know how much work this was and we praise God for your integrity, perseverance, and love for Jesus!

Currently we do not have a computer based book keeping system, but our simple process of accounting is working for us until we can have the training and computer systems for something more current. Please email me if you would like to see our past budgets for 2010 or our current budgets outlined for 2011. maribeth@theocean.cc Currently we are reconciling the books monthly and reporting our monthly budget results to the Board. It costs approximately between  2,500-2,800 US monthly for payroll, rent and operations (school, ABC, and training center budgets).

	CASHFLOW (From March 1, 2010- December 31, 2010)
Internship Trainings		115,000.00
Leadership & Montessori Training-August		225,000.00
Leadership & Montessori Training-December		580,000.00
Bible Truth Training		2,000.00
Donations from U.S.		2,881,443.64
Total Cash from Activities & Donations		3,803,443.64
Less:
Rentals		600,000.00
Salaries		1,669,000.00
General Maintenance		8,000.00
Snacks		112,100.00
Stationery		124,530.64
Ministry Metal Seal		65,000.00
Office Equipment		115,700.00
Waterbills		6,000.00
Toileteries		34,355.00
Staffs Lunch		10,000.00
Transport		58,850.00
AirTime		125,760.00
August Training Expenditure		119,854.00
Meeting Expenses		4,500.00
Paints(ABC)		17,500.00
ABC Allowance		88,000.00
Stipand		2,050.00
Late Salary Penalty		50,000.00
December Training Expenditure		136,120.00
Christmas Bonus		50,000.00
Total Expenses		3,397,319.64
Surplus January 1, 2011 (Praise God! He did it!)		406,124.00

 

	CASHFLOW (From March 1, 2010- December 31, 2010)
( A 150 Kwacha to $1.00 Dollar Exchange Rate is Represented)
Internship Trainings		766.67
Leadership & Montessori Training-August		1,500.00
Leadership & Montessori Training-December		3,866.67
Bible Truth Training		13.33
Donations from U.S.		19,209.62
Total Cash from Activities & Donations		25,356.29
Less:
Rentals		4,000.00
Salaries		11,126.67
General Maintenance		53.33
Snacks		747.33
Stationery		830.20
Ministry Metal Seal		433.33
Office Equipment		771.33
Waterbills		40.00
Toileteries (cleaning items and toliet paper)		229.03
Staffs Lunch		66.67
Transport		392.33
AirTime (phones)		838.40
August Training Expenditure		799.03
Meeting Expenses		30.00
Paints(ABC)		116.67
ABC Allowance		586.67
Stipand		13.67
Late Salary Penalty		333.33
December Training Expenditure		907.47
Christmas Bonus		333.33
Total Expenses		22,648.79
Surplus January 1, 2011 (Praise God! He did it!)		2,707.50

2010 Results & Update –Thank you Jesus!

“For we are God’s fellow workers; you are God’s field, you are God’s building. According to the grace of God which was given to me, as a wise master builder I have laid the foundation, and another builds on it. But let each one take heed how he builds on it. For no other foundation can anyone lay than that which is laid, which is Jesus Christ.”

From Paul’s letter to the Corinthians. (1 Corinthians 3:9-11)

2010 Results

• Established Malawian NGO -Zikomo Yesu (Thank you Jesus) Enterprises
• Established Malawian Ministry- Wa Yesu (For Jesus) Ministries
• WE ARE SELF-SUSTAINABLE!  IN 9 MONTHS! ONLY JESUS DOES THIS!
• Moved School & Teacher Train Center to Feed the Children, Nyambadwe, Blantyre
• Malawi Montessori Christian School serving 45 Children daily from Ndirande
• Held Three Formal Leadership and Montessori Training Weeks led by Malawian Leaders- Trained 109 teachers from private schools and CBCCCs at our Teacher Training Center.
• Taught 19 Teaching Interns through Practical Week of Teaching Program
• Africa ABC Project serving 370 children at the Community Based Child Care Centers (CBCCCs) weekly.
• Africa ABC Project empowering 17 teachers at local CBCCCs in Ndirande through teacher training on their centers weekly.
• Painted five CBCCCs with educational artwork & assisted in material development
• Addition of Five New Malawian Staff Members to our Ministry
• Hosted March 2010 Occupational & Physical Therapist  & Media Team (Team Results: 2 Parent Trainings &Training Videos for parents and rehabilitation specialists who work with physically challenged kids.)
• Africa ABC Project sponsoring four parent leaders and one coordinator to continue the work with the children with physical disabilities at Chikondi and Feed The Children Rehabilitation Center.
• On-going Partnerships formed with Strategic Malawian Organizations: Guthrie Bible College, Feed the Children, Queen Elizabeth Central Hospital, & Chikondi Center for Children with Disabilities
• Jesus gets Maribeth a job in Malawi! Serving children with learning challenges at Phoenix International in morning & Executive Director of Ministry in afternoon! Praise God!
• Held Christmas Outreach Project for the children of Ndirande in partnership with Guthrie Bible College (9,000 illustrated books of John 3:16 distributed to the children! Amen!)

Happening Currently (Please Pray for Us)

January 2011

• Kelsey Zeigler and Becca Dague arrive to serve as part of Africa ABC Team at Queen Elizabeth Central Hospital

February 2011

• Montessori Early Childhood Diploma Program begins. I am training three of our Malawi Montessori Christian School teachers and three private paying clients for a year.
• Last evaluation by government board for certification of our school this week.  This has been a very, very long process. Please pray for us for completion.

March 2011

• Selecting New Board Members for Board of Trustees
• Possible visit by my cousin (smile) and doctor to review our project
• Development of our Ministry’s Five Year Plan

April 2011

• Lynn Merritt and Cheryl Ramage from Lakeside Church arrive for Easter Outreach +
• Redesigning Financial and Business Systems
• Easter Outreach to 10,000 children in Ndirande

June 2011

Possibly a visit from small team of Montessori teachers

July 2011

• MB Home to U.S.

September 2011

• Adding additional participants to diploma program

Future Goals (More prayer!)

• Addition of Board Members
• Purchase Land & Build Nursery, Primary and (eventually)Secondary School
• Expansion of Services to Queen Elizabeth Central Hospital
• Continued Self-Sustainability
• Begin accreditation of Teacher Training Center (early)
• Final certification of Wa Yesu Ministries
• Final certification of our school
• Three of our Teachers receive their diploma Feb 2012
• Literacy Project (which is very close to my heart) is On Hold until we have a staff member to coordinate it.

 

It costs between 2,500-2,800 U.S. monthly to run our ministry (salaries, rent, and programs & projects.  I will add our financial accounting for 2010 this week.

We, the staff of Wa Yesu Ministries, thank you for making a difference for the children of Ndirande, Malawi. We thank you for your investment in Malawian leadership. These results would not have been possible without you!   I am forever grateful!  Love, Maribeth