NAF GHANA ACCOUNTS
July 2014 thru June 2015
Direct and Overhead Breakdown Ghana Cedis US Dollars % of Total expenses
Direct Expenses 44,847 15,187 91.38% 44,847
Overhead Expenses (Office, Bank) 4,228 1,432 8.62% 7,228 13.88%
Grand Total 49,075 16,619 100.00% 52,075
NOTE: Office rent was paid 2 years ago for 3 years.  Had it been paid this year, the overhead would have increased by 3000 GHC and the overhead expenses would have been 13.88%.
NAF Ghana Expenses Annual Ghana Cedis Monthly Average Gh Cedi Annual US Dollars Monthly Average US Dollars % of Total NAF Ghana Expenses      
Home Total includes Salaries, school uniforms, supplies, school fees, doctors, utilies etc. 44,847 3,737 15,187 1,266 91.38% Tutor 520.00
Office Total (excluding rent) 3,934 328 1,332 111 8.02%
Bank Charges 294 25 100 8 0.60%
NAF GH TOTAL EXPENSES 49,075 4,090 16,619 1,385 100.00%
Item per Child  Annual Ghana Cedis Monthly Average Gh Cedi Annual US Dollars Monthly Average US Dollars % of Total per Child Expenses Rounded US Monthly Avg Rounded US Annual Avg
TOTAL Cost per child 6,134.35 511.20 2,077.33 173.11 100.00% 173 2,077
Education Average 2,320.00 193.33 785.64 65.47 37.82% 65 786
Basic Care Average (total - education) 3,814.35 317.86 1,291.69 107.64 62.18% 108 1,292
NAF Ghana School Expenses Annual Ghana Cedis Monthly Average Gh Cedi Annual US Dollars Monthly Average US Dollars % of Total NAF Ghana Expenses
Private School, books, transportation, uniforms etc. 18,560 1,547 6,285 524 37.82%
Total Education Expenses 18,560 4,640 6,285 1,571 37.82%
Monies Received Ghana Cedis US Dollars
Balance at start of year 23,419 7,931
NAFofA Contributions  53,155 18,000
Board Member Stay  0 0
Total  76,574 25,931
Total Expenses 49,075 16,619 Ghana June US June
Year End Balance 27,499 9,312 6/30/2014 22,725 7,696
USD to GH Cedi Exchange rate 2.953
Number of Children in Home 8.0
Previous and Current Tax Year Totals Ghana Cedis US Dollars
Tax Year 2013-2014 Expenses 47,656 21,507
Tax Year 2014-2015 Expenses 49,075 16,619
TOTAL Expenses Decrease from Previous to Current Tax Year Ghana Cedis US Dollars
Previous to Current Year Change in Expenses 1,419 (4,888)
Previous and Current Per Child Cost Ghana Cedis US Dollars
Tax Year 2013-2014  7,471 2,530
Tax Year 2014-2015  6,134 2,077
Per Child Expenses Decrease from Previous to Current Tax Year Ghana Cedis US Dollars
Previous to Current Year Change in Per Child Expenses (1,337) (453)
NOTE: The total expenses in Ghana cedis increased but the total expenses in US dollars decreased.  This is due to the change in the exchange rate.
How I determined 8 children for this tax year.
(Patience 0, Stephen 0, Benjamin 1, Prince 0, Justice 1, Regina 1, Patricia 1, Fr. John 1, Kelvin 1, Susana 1, Kwaku 1)