Leaders’ LOG
- Operations Department
By Pastor Anthony Mwaniki
2012 was a significant year for the operations department. We swung from a high of
having found 30 acres of prime land that would be Mavuno’s new home, to seeing the deal slip away.
e were however able by the grace of God to source and identify a new parcel of land at a substantially lower price. The sale agreement was signed, deposit paid and we began the process of closing the transaction. The first phase of this process, dubbed ‘Secure’, will be complete in March 2013.
through it become richer in every area of our lives We have also spent time strengthening our systems with focus on Finance and Procurement. We have been able to continually improve our systems and grow them to support our vision. We
procurement officer. I would like to commend this team for exceptional results in stewarding our resources. I cannot close without sharing my excitement about 2013. I am looking forward to seeing our first service on our own land and also being part of a new phase of Mavuno’s growth. I am confident
We also thank God for being able to secure a loan facility for KES 100M which will act as a bridge to allow everyone of us who has pledged some grace period to make good on their pledges. It is our goal to have retired the facility in no less than 12 months The ‘Count Me In’ Capital campaign has been a special highlight for me. I have been challenged, encouraged and many times moved at the faithfulness of the Mavuno Family as we together raised
KES 324 Million in
in as cash. The faith of Mavunites has been a fire for my family’s faith, as we have been able to give more than we have ever done, and 32 32
MAVUNO LIFE March 2013 MAVUNO LIFE March 2013
MAVUNO CHURCH
Financials
The 2012 theme for Mavuno Church was encapsulated in one word, THRIVE. Indeed it was a year of thriving in many aspects of the church’s activities, not the least of which was financially. An operating surplus of Ksh 20.787 million was recorded at the end of December 2012. This was an 18% increase on the 2011’s operational surplus of Ksh17.543 million. Moreover the vision to purchase and develop our own property through the Count-me-in Capital campaign was initiated towards the end of 2011. Through God’s favor and the response of His people we were able to raise Kshs 81.69 million, and even paid a 10% deposit of Kshs 20million for the land we identified. However tithes and offerings reduced by 7% in 2012 to Kshs 164.8 million. Clearly, our capital campaign depressed our normal giving, as overall income in 2012 was 38% higher than the previous year. From an administrative perspective we have had the privilege of implementing a new accounting system and a gradual procedures overhaul during the year. The results of these efforts are gradually manifesting in form of clearer and more accurate accounting and book keeping as well as a better balance in expenditure ratios compared to 2011. Whereas staff costs increased by 4% in 2012 to Kshs 72.9 million and represented 37.3% of total operational income; ministry expenses increased by 21% due to the Tuvuke initiative that attracted a grant and expenditure of about Ksh17 million. Administration costs however notably decreased by 28% to Kshs 45.1million This report contains details of an Income and Expenditure Report and Balance Sheet, from January to December 2012 illustrating the highlights above. To provide insight into the reports further analyses of incomes and expenses have been prepared to enable the study of trends affecting the church’s performance.
(Standing) Alex Luchendo, Duncan Mukangai, Peter Musyoki, Nicholas Kimaru, Anthony Mwaniki, Peter Kabuki, Kelly Wepundi, Chris Mukuria, James Muchai (Seated) June Ranja, Catherine Koki, Lydia Mwakijuma, Grace Mwaniki, Emma Sawa, Nancy Mukabi
pledges of which KES
84 Million had been paid
2012
also continue to build and invest in a world class team. To this end we added two members to further strengthen this team – Mrs. June Ranja our Head of Finance and Lydia Mwakijuma our
that God will bless Mavuno corporately as well as bless individual members and families. This is a Jubilee year - we will see restoration and new things. It is our year to OCCUPY!
In 2013 as we seek to achieve the theme of OCCUPY we look forward to implementing the new budgeting system that we have put in place, in conjunction with regular performance monitoring and improved asset management among other processes; to upgrade our standards of operation. This is in a bid to adequately prepare for the much larger organization we shall be upon settlement in our new home. It is also with a sense of great responsibility that we make these changes as we recognize the need for excellent stewardship of God’s resources.
MAVUNO
Financials June Ranja
Head of Finance and Administration
MAVUNO LIFE March 2013
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