financial statements 2014...Logistics and sanitation 50,255 5 % Transport, freight and storage...

magna children at risk financial report 2014 | 1

financial statements 2014

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Nicaragua

Haiti

ContentsMagna Programs Around The World 3Director Report 4Financial Statement 2013 Magna – Slovakia 6Explanation Of Financial Statement

Statement of Income 8Statement of Expenditures 12Other Information 23

Financial Statements StatutoryThe report of independent auditor 26Balance Sheet 27Profit and Loss statement 32

Notes To Statutory Financial Statements 36

Activity in numbers

111 376 medical outpatient consultations660 patients registered in MAGNA HIV/AIDS programs

8 573 assisted deliveries47 orphans living with HIV/AIDS provided with

comprehensive care718 victims of sexual violence treated in MAGNA

programs5 453 people tested for HIV/AIDS

23 928 patients registered in MAGNA nutritional programs

185 educated health personnel1 582 educated community health volunteers

67 768 immunizations provided5 000 distributed mosquito nets

73 658 people from rural communities provided with health education


10

DR CongoCambodia

Myanmar

VietnamIndia

Kenya

South Sudan

actual missions Magna Children at Risk

former missions/projects Magna Children at Risk

Magna Programs Around The World

Philippines


Director ReportFor the year ended 31 December 2014

Magna Children at Risk (MAGNA) is a non‑governmental, non‑political, non religious, non‑profit organisation. It was established in Slovakia in 2001, to deliver aid in countries throughout the world. The main content and aim of work of MAGNA is providing medical and nutritional care for children and their families in times of humanitarian crises, conflicts, epidemics, famines and natural disasters. MAGNA creates medical projects aimed at saving lives and alleviating suffering to those who are at risk. Conflicts and unstable political situation have a devastating influence on ordinary people — direct violence, forced evacuation, epidemics, famines and psychic trauma are the common consequences of all that, often accompanied by disrupted local health services.

This report is presented along with the Financial Statement of the organisation for the year ended 31 december 2014. This Financial Statement is a means of transparency and accountability, illustrating the financial situation of the organization. It has been prepared in accordance with the accounting policies set out in Notes to Statutory Financial Statements.


OBJECTIVES OF MAGNA CHILDREN AT RISK

We only work in fragile contexts, where there is little other help for people so we are expert in our areas of intervention focus working in remote rural areas. We build a lasting legacy by working closely with Ministries of Health and local health providers. Therefore the changes we deliver are embedded in the local health system and continue to save lives after we have gone. We work directly with health care staff in local communities, alongside local organizations. We work with community, which allows us to create a linkage system — for proper referral and follow-up of the patients. The comprehensive approach involves community volunteers linked with the health facilities. We are building a solid body of evidence to demonstrate and measure the difference we make to the people we work with. We also measure the strength of the health systems they rely on our evidence is gathered through monitoring, reviews, evaluations and learning from everything we do. This helps us design quality programs that really deliver results. We also use this data to influence changes to health policy and practice.

By integrating our programs with local and national systems, and through advocacy and research, MAGNA further ensures that short-term interventions become long term solutions. MAGNA brings assistance either during the crisis itself through emergency interventions, or afterwards through rehabilitation and sustainable development programmes. Whilst carrying out their activities, Magna Children at Risk (MAGNA) respect the following principles:

– Independence – Neutrality – Non-discrimination– Free and direct access to victims– Professionalism– Transparency

Martin BandžákChairman of the Board of Directors


Financial StatementsMagna Children at Risk (MAGNA) is pleased to present its audited Financial Statement, which provide a view of MAGNA’s work and is a mean of transparency and accountability.

INCOME (In €)

2014 saw a increase in income for MAGNA compared with 2013. Total incoming resources of 1,180,321 € for 2014 were 171,743 € more than in 2013. 2014’s higher income was due mainly to the higher private donations income received. More than 66,227 individual donations and private institutions provided 51 % of MAGNA’s income in 2014.

In‑Kind

The total value of the in-kind of MAGNA partners received in 2014 is approximately 800,000 €, only in medicines (ARV treatment, ACT treatment, Vaccines etc.) and therapeutic food. The accounting policy of the organization is that in-kind services are not recognized as income in the Profit and Loss statement.

2014 2013Private income 610,249 579,811Public institutional income 410,374 217,506Grants from within the MAGNA network 123,057 210,147Other income 36,641 7,114

Total 1,180,321 1,014,579

Private income

Public institutional income

Grants from within the MAGNA network

Other income

2014

2013


EXPENDITURE (In €)

Total expenditure in 2014 was 1,231,160 € an increase of 196,829 € over 2013. This expenditure can be broken down into two main categories: social mission and other expenses. The table below breaks down these categories still further.

The result of the above is that, in 2014, 93 % of MAGNA’s total expenditure was spent on social mission and 7 % on other expenses (2013: 93 % and 7 % respectively).

2014 2013Program 1,056,411 782,157Headquarters program support 46,925 58,556Grants to the MAGNA network 37,459 118,691Total social mission 1,140,794 959,404

Fundraising 66,179 20,873Management and general administration 24,187 54,055Total other expenses 90,366 74,927

Total 1 231 160 1,034,331

Social mission

Fundraising

Management and general administration

2014

2013


Explanation Statement of Income and Expenditure in 2013

INCOME

Private Income (In €)

As part of our effort to guarantee independence, we have striven to maintain an efficient level of private income. Funds coming from private sources represented 51 % of MAGNA total income in 2014 (2013: 57 %). More than 66,227 individual donations made this possible.

Income from individuals includes: 2014 2013Individual donations 316,523 486,943Income from individuals 316,523 486,943

Companies 5,302 5,979Trusts and foundations 210,645 13,0002% taxes 77,780 64,959Other private institutions 0 8,930

Income from private institutions 293,726 92,868

Individual donations

Companies

Trusts and foundations

2% taxes

2014

2013


Income breakdown from individual, private companies and trusts and foundations (In €):

2014Income from individuals Public collection – humanitarian causes 2,404Public collection for various projects through SMS donation 182,681Other individual donations 131,438Income from individuals 316,523

Trust and foundationsAmeriCares 7,775Grapes for Humanity 41,711UURC 18,257Fondation Merieux 5,005Orange Fondation 99,973Sunflower foundation 37,924Income from trusts and foundations 210,645


Public Instutional Income (In €)

2014 2013Slovak Aid 0 57,980Czech development agency (CZDA) / People in need 65,021 0EU governments 65,021 57,980

US Embassy — DR Congo 1,636 5,811Cambodia Government 0 2,521Japanese Embassy — South Sudan 89,196 0Non EU Governments income 90,832 8,332

United Nations Children’s Fund (UNICEF) – DR Congo 218,008 117,328United Nations Children’s Fund (UNICEF) – Cambodia 0 33,864United Nations Children’s Fund (UNICEF) – South Sudan 36,513 0UN institutions 254,521 151,192

Public Institutional Income 410,374 217,506

The table below presents the breakdown of donations and grants awarded by public institutional bodies:

EU governments

UN institutions

2014

2013


Grants From Within Magna Network (In €)

Other Income

2014 2013MAGNA – Czech Republic: projects in South Sudan 69,377 101,948MAGNA – Czech Republic: projects in Cambodia 53,680 108,199

Grants from within the MAGNA network 123,057 210,147

2014 2013Interest / investment income 169 324Other revenues 36,472 6,791

Other income 36,641 7,144

The table below presents the breakdown of grants from within MAGNA network bodies:


EXPENDITURES

Functional Expenses (In €)Social missionNature of expenses Programmes Grants from within

MAGNA networkHeadquarter

programme support Total social mission

Personnel costs 467,552 0 28,752 496,304Travel and transportation 149,906 0 0 149,906Medical and nutrition 237,965 0 0 237,965Logistics and sanitation 20,808 0 0 20,808Professional services 39,191 0 5,752 44,943Communications 10,022 0 877 10,899Publications 0 0 0 0Promotional expenses 9,198 0 202 9,400Office expenses 104,644 0 6,075 110,719Taxes 0 0 0 0Financial expenses 6,600 0 5,267 11,867Depreciation 9,812 0 0 9,812Others 713 0 0 713Private and public grants 0 37,459 0 37,459

Total 1,056,411 37,459 46,925 1,140,794

PROGRAM Program expenses represent the costs incurred at the direct place of MAGNA humanitarian operations to ensure the fulfillment of the objectives of the projects.

GRANTS FROM WITHIN MAGNA NETWORK These project grants are allocated to MAGNA (Slovakia) within the network Magna Children at Risk. In view of the volume and the importance of income from within the network Magna Children at Risk, it has been decided to show this as a separate category.

HEADQUARTERS PROGRAMME SUPPORT Headquarters programs support relates to expenses incurred at headquarters in order to carry out MAGNA humanitarian operations (e.g. project design, monitoring and evaluation, recruitment of international staff, activities designed to improve the quality and effectiveness of MAGNA operations).


Other Expenses (In €)

Nature of expenses Fundraising Management and general

administrationTotal other expenses 2014 2013

Personnel costs 28,752 14,376 43,128 539,432 367,147Travel and transportation 54 0 54 149,960 81,833Medical and nutrition 0 0 0 237,965 196,298Logistics and sanitation 0 0 0 20,808 46,020Professional services 17,818 3,601 21,420 66,363 44,697Communications 1,167 438 1,605 12,504 26,364Publications 855 0 855 855 1,192Promotional expenses 5,826 101 5,927 15,327 9,223Office expenses 6,439 3,038 9,477 120,195 76,754Taxes 0 0 0 0 0Financial expenses 5,267 2,634 7,901 19,768 48,007Depreciation 0 0 0 9,812 17,932Others 0 0 0 713 172Private and public grants 0 0 0 37,459 118,691

Total 66,179 24,187 90,366 1,231,160 1,034,331

FUNDRAISING Fundraising expenses represent the costs incurred for raising funds from all possible sources of income, be they private or public institutional.

MANAGEMENT AND GENERAL ADMINISTRATION Management and general administration expenses consist primarily of expenses associated with executive management, headquarters financial and human resources management, internal communication and the associative life of the organization.

NET EXCHANGE GAINS / LOSSES UNREALISED AND REALISED The net exchange gains/losses represent the gains/losses generated from foreign currency transactions entered into during the year by the various offices. The exchange rate fluctuations that had the largest impact on the Profit and loss statement relate to the EURO (EUR), US dollar (USD), South Sudanese Pound (SSP), Cambodian Riel (KHR), Congolese Franc (CDF), Myanmar Kyats (MMK) and Philippines Peso (PHP).


Program Expenditures Nature (In €)

TOTAL %Locally hired staff 314,368 30 %International staff 209,486 20 %Operational running expenses 121,640 12 %Medical and nutrition 157,628 15 %Logistics and sanitation 50,255 5 %Transport, freight and storage 72,851 7 %Training and local support 2 5 %57,802 5 %Consultants and field support 60,876 6 %Others 11,505 1 %

Total 1,056,411 100 %

Locally hired staff

International staff

Operational running expenses

Medical and nutrition

Logistics and sanitation

Transport, freight and storage

Training and local support

Consultants and field support

Others


Program Expenditures By Continents And Countries (In €)

Countries where we ran programs are listed below (In €):

TOTAL %Africa 565,805 54 %The Americas 5,690 1 %Asia 467,864 44 %Europe 17,052 2 %

Total 1,056,411 100 %

TOTAL %Cambodia 301,126 29 %Myanmar 73,687 7 %Philippines 93,051 9 %South Sudan 275,837 26 %Democratic Republic of Congo 289,968 27 %Nicaragua 5,690 1 %Slovakia 17,052 2 %

Total 1,056,411 100 %

Africa

The Americas

Asia

Europe

Cambodia

Myanmar

Philippines

South Sudan

DRC

Nicaragua

Slovakia


CAMBODIA (In €)

2014 2013EXPENSESLocally hired staff 59,987 62,295International staff 110,430 33,820Operational running expenses 31,192 24,752Medical and nutrition 66,887 78,390Logistics and sanitation 337 8,829Transport, freight and storage 25,622 19,033Training and local support 6,671 0Consultants and field support 0 0Private and public institutional grants 0 0Others 0 0Total 301,126 227,119

FUNDINGPrivate and other income 182,424 85,056Grants from within the MAGNA network 53,680 108,199EU governments 65,021 0Non UN governments 0 0UN institutions 0 33,864Public institutional income 65,021 33,864Funding of field‑related costs 301,126 227,119


DEMOCRATIC REPUBLIC OF CONGO (DRC) (In €)

2014 2013EXPENSESLocally hired staff 115,718 64,875International staff 6,539 21,408Operational running expenses 32,590 21,177Medical and nutrition 51,676 70,463Logistics and sanitation 1,718 3,178Transport, freight and storage 27,315 15,149Training and local support 21,055 0Consultants and field support 31,894 1,448Private and public institutional grants 0 0Others 1,463 0Total 289,968 197,697

FUNDINGPrivate and other income 70,323 74,557Grants from within the MAGNA network 0 0EU governments 0 0Non UN governments 1,636 117,328UN institutions 218,008 5,812Public institutional income 219,645 123,140Funding of field‑related costs 289,968 197,697


MYANMAR (In €)

2014 2013EXPENSESLocally hired staff 9,968 0International staff 35,370 10,369Operational running expenses 13,306 17,137Medical and nutrition 0 5Logistics and sanitation 0 0Transport, freight and storage 1,161 743Training and local support 5,546 0Consultants and field support 8,336 0Private and public institutional grants 0 0Others 0 11Total 73,687 28,266

FUNDINGPrivate and other income 73,687 28,266Grants from within the MAGNA network 0 0EU governments 0 0Non UN governments 0 0UN institutions 0 0Public institutional income 0 0Funding of field‑related costs 73,687 28,266


NICARAGUA (In €)

2014 2013EXPENSESLocally hired staff 3,370 3,882International staff 0 0Operational running expenses 569 702Medical and nutrition 0 0Logistics and sanitation 0 0Transport, freight and storage 1,417 1,936Training and local support 0 0Consultants and field support 0 0Private and public institutional grants 0 0Others 334 41Total 5,690 6,562

FUNDINGPrivate and other income 5,690 6,562Grants from within the MAGNA network 0 0EU governments 0 0Non UN governments 0 0UN institutions 0 0Public institutional income 0 0Funding of field‑related costs 5,690 6,562


PHILIPPINES (In €)

2014 2013EXPENSESLocally hired staff 20,030 142International staff 41,523 1,811Operational running expenses 2,335 1,678Medical and nutrition 734 347Logistics and sanitation 13,117 5,061Transport, freight and storage 6,912 3,457Training and local support 8,400 0Consultants and field support 0 0Private and public institutional grants 0 0Others 0 57Total 93,051 12,553

,FUNDING 93,051 ,Private and other income 0 12,553Grants from within the MAGNA network 0 0EU governments 0 0Non UN governments 0 0UN institutions 0 0Public institutional income 93,051 0Funding of field‑related costs 6,562 12,553


SLOVAKIA (In €)

2014 2013EXPENSESLocally hired staff 0 0International staff 0 0Operational running expenses 0 0Medical and nutrition 0 0Logistics and sanitation 0 0Transport, freight and storage 0 0Training and local support 1,878 0Consultants and field support 0 0Private and public institutional grants 15,174 0Others 0 0Total 17,052 0

FUNDINGPrivate and other income 17,052 0Grants from within the MAGNA network 0 0EU governments 0 0Non UN governments 0 0UN institutions 0 0Public institutional income 0 0Funding of field‑related costs 17,052 0


SOUTH SUDAN (In €)

2014 2013EXPENSESLocally hired staff 105,296 76,207International staff 15,624 27,101Operational running expenses 41,125 70,159Medical and nutrition 38,331 37,251Logistics and sanitation 35,082 28,952Transport, freight and storage 10,425 32,410Training and local support 0 0Consultants and field support 20,246 1,953Private and public institutional grants 0 0Others 9,708 53Total 275,837 274,085

FUNDINGPrivate and other income 80,751 114,156Grants from within the MAGNA network 69,377 101,948EU governments 0 57,981Non UN governments 89,196 0UN institutions 36,513 0Public institutional income 125,709 57,981Funding of field‑related costs 275,837 274,085

financial statements statutory

Magna Deti v núdzi/Magna Children at RiskŠtefánikova 19811 05 BratislavaSlovak republic

Tel: +421 2 38 10 46 [email protected]

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