ENED FINANCIAL

REPORT 2019-2020

PREPARED: MUSA COLLIN BHEMBE

DISTRICT TREASURER

1

Treasurer Remarks

• The General Superintendent Reverend Dr. Busic , General Director Reverend Daniel Gomes, Field Strategy Coordinator Reverend Dr. Musa Kunene, The District Superintendent Reverend A.A. Nhleko, Pastors, Delegates and friends of the District Assembly. Grace and peace be multiplied unto you through the knowledge of God , and of Jesus our Lord. I greet you all.

• 2019/2020 has been a year which has gone down to the books of history because of COVID-19. This pandemic forced a completely shutdown on any gatherings which extended to worshipping. The effects of these shutdowns has been felt by everyone.

2

Treasurer remarks continuesPG2

• The church has triumphed over these shutdowns as a new normal dawned. The new normal gave birth to new strategies to match hand on pound to these new challenges. Church history reminds us that the church did exceptionally well in try times so we have .

• Chairperson, without further ado allow me to present the Eswatini Nazarene East District financial report.

• Our report will present the preamble, two income & expenditure statements from two Banks , one Standard Bank Simunye Branch and Eswatini Bank Siteki Branch. Our books has been audited as from 22092020-26092020.

3

Preamble PG1

• We had a target for 20% to run the District office .

• Target R\E 626 948

• Raised E\R 443 542

• Expenditure E\R 488 192

• B\F E\R 68 801

• We had to raise these revenues from the 20% budget allocation from local churches.

• There has been a short fall of E\R 183 406.

4

Preamble PG2

• Overall income

• Current year 758 729.77

• Last year 1 134 741.41

• Short fall of 376 o12

• Reasons of the drop in our revenue

• Multi facets

• COVID-19

5

Preamble PG3

• Six (6) Local churches could not remit budgets to the office for the whole year.

• Seven (7) Local churches could not meet the deadline.

• One (1) EFT bounced on account of wrong account details.

• A growing trend of under stating budgets.

• 20% expenditure more than income.

• ENPF deficit has doubled.

• Special Fund performed badly.

• Rentals. Income less than expected.

6

Eswatini Nazarene East District Standard Bank Acc.(2019\2020)

Income Credits AmountsOpening Balance 28670.76

International church 11242.25Vuvulane COTN 2300International church 19344.04Sub total 32886.29Credit Interest 117.55

33003.84 33003.84Total Income 61674.6

DebitsExpenditureMahlabatsini COTN -24968.22Bank chgs -442

-25410.22 -25410.22

Closing Balnce 36264.387

ENED Sales by item Summary 11 Sept 19-10

Sept 20Services Amounts

20% District Budget 443 541.99

3% Ministerial Subsidy 64 951.81

3% Pastor’s ENPF Contributions 64 526.26

40% Sunday School 41 244.62

Sunday School Delegate 470.00

District Assembly 700.00

District Car 2 380.20

District Lunch 4 400.00

District Special Fund 3 600.64

General Assembly 2 600.00

Hand work 93.40

Faculty of Theology Special 26.00

8

ENED Sales by item Summary 11 Sept 19-10 Sept 20

MNIServices Amount

5.5% 62 614.57

Alabaster (Umfuma) 3 455.30

Birthday 6 622.69

Compassionate 200.00

Easter Offering 261.7

Links 108.00

Prayer & Fasting 9 357.97

Radio 70.00

Delegate 1 310.00

9

ENED Sales by item Summary 11 Sept 19-10

Sept 20

Others

NYI 23 008.02

NYI Delegate 1 135.60

Photocopying 107.00

Rent 21 000.00

Siteki Zone Camp Meeting 1 300.00

Grand Total 758 729.77

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Eswatini Nazarene East District Customer Summary

As From 11\09\2018-10\09\202020Local Church 2017\2018 2018\2019 2019\2020

1.Big Bend 93364.81 95665.28 46874.42

2.Fitch 120996.06 123750.89 85025.57

3.Hlane 12370.8 12588.7 19715.9

4.Hlane sigodlweni preaching point 5112.65 5569.55 1335.9

5.Kalanga 18006.75 10359.7 4068.8

6.Lomahasha 28787.15 67729.8 40393.5

7.Lubito 20807.1 8401.6 3375.7

8.Luhhwahhweni 11960.9 18119.65 28458.1

9.Macetjeni 7879.8 1633.9 0

10.Magugu 15263.49 6423.95 4480

11.Mahlabatsini 6688.4 7295 8104.6

12.Makhewu 9394.35 16044.7 2615.2

13.Malindza 13133.7 12055 8396

14.Manyeveni 27423.7 19474 32532.5

15.Maphatsindvuku 68269.85 60295.12 34486

16.Maphungwane 264 0 0

17.Matjeni 836.9 0 520

18.Mayenjane 5258.4 4349.17 1004.5

19.Mdumezulu 8390.1 19808.6 14419.1 11

Eswatini Nazarene East District Customer Summary

As From 11\09\2018-10\09\20202020.Mhlume 50402.04 52318.58 49986.1

21.Mhlumeni 2452.8 4639 1338

22.Mlindazwe 28425.6 31989.85 45917.6

23.Mpaka 9910.4 20031.1 38140.9

24.Mpumalanga 7054 7053.2 7545

25.Ngomane 877.5 88.45 6255.4

26.Ngomane preaching point 717.8 0 0

27.Nokwane 11799.5 15742.6 3302.6

28.Nyetane 10094.4 4844.9 6293.3

29.Shewula 21347.6 18389 14230

30.Sibovini 13606.8 12695.6 0

31.Sigcaweni 1757.65 1994.05 1836.67

32.Simunye 63338.42 50411.97 47391.95

33.Siphofaneni 20299.6 16477 13468.4

34.Sitsatsaweni 17604.2 20184.6 15401.3

35.Siweni 9567.8 22455.9 23035.6

36.Stk English 35803.2 62955.2 56440

37.Tikhuba 0 0 0

38.Tsambokhulu 23404.64 12960.2 0

39.Tshaneni 20092.33 15004.4 2639

40.Vuvulane 53846.85 43210.5 38395.84

41.Zange preaching point 163.2 0 0

42.Mhlabubovu pp 97.75 1013 0

43.Bakhokheli 586.8 1013 0

44.Cash Customers 207 371 107

45.Caravan\ Rev D Manana 3273.65 0 500

46.District Prayer\Rev S M Nqcwane 365.7 0 1400

47.Distrct Campmeeting\STK Zone 8491.5 5008.4 1300

48.District Ordination Offering 892.4 0 0

49.District Assembly Receipts 5600 0 2657.8

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Eswatini Nazarene East District Customer Summary

As From 11\09\2018-10\09\20202050.District Sunday School re-deposits 114 13719 575251.Junior Camp/ AMF Assemblies 462.5 0 200052.Kenny Simfukwe 14400 14400 1440053.Lindiwe Mkhonta/ 20% chance 1650 300 6085.1254.Mzwandile Twala 6600 4200 240055.Nondumiso Ngwenya 4200 4200 420056.Sindi Myeni\Mncumaneni pp 1800 1200 129457.Siphephile Masilela/ANP 150 1200 2325

58.Zodwa Ntshingila/ Mr Moses Msibi 2300 500 20059.Pastor's Conference\ Mr V Ndlovu 280 0 50060.Pastor's Fellowship 800 0 1500

61. Maphiveni 0 4244 4685.4

62.District Fund Raising lunch 0 175362.3 0

63. SANU Travel Allowance 0 5000 064. Grand Totals 928709.76 1134741.41 758729.77

-928710 -1134741.41206031.41 -376011.64-180362.3

A growth of 0.276 % compared to last year (2017\2018). 25669.11A drop of 33% compared to last year (2018\2019

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District Lunch

• Balance brought forward• 35300

• Rev. S.M.M Nqcwane• -1400

• Rev . D Manana• -500

• Mr. V Ndlovu• -500

• AMF Assemlies• -2000

• Vuvulane COTN• -2300

• Closing balance• 28600

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ENED Sales by item Summary 11 Sept 19-10 Sept 20

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Eswatini Nazarene East District Income & Expenditure as from 11\09\19 - 10\09\20 P1

item opening bal income total income expenditure closing bal1. 20% 68801.48 443541.99 512343.47 -488191.63 24151.84

2. 3% Ministerial 146455.53 64951.81 211407.34 -70000 141407.34

3. 3% Pastor's snpf -16125.91 64525.26 48399.35 -82698 -34298.65

4. 40% SDMI 22134.58 41244.62 63379.2 -17145.6 46233.6

5. SDMI Delegate 1290 470 1760 0 1760

6. VBS 237.9 0 237.9 0 237.9

7. 5.5% 153147.75 62614.57 215762.32 -202988.8 12773.52

8. Alabaster\ Umfuma 15197.49 3455.3 18652.79 -15000 3652.79

9. Birthday 23271.65 6266.69 29538.34 -15438.84 14099.5

10. Prayer & Fasting 34710.43 9357.97 44068.4 -35561 8507.4

11. Radio 1384.2 70.6 1454.8 0 1454.8

12. Thanksgiving 1947.1 0 1947.1 0 1947.1

13. NMI Delegate 6028.15 1310 7338.15 -2533.1 4805.05

14. NYI 10683.24 23008.02 33691.26 -22301 11390.26

15. NYI Delegate 1248 1135.6 2383.6 2383.6

16. General Assembly -26769.52 2600 -24169.52 -24169.52

17. District Assembly 3013.99 700 3713.99 3713.99

18. District Car 42029.08 2380.2 44409.28 44409.28

19 .District Special fund [ SF] 0 3600.64 3600.64 3600.6416

Eswatini Nazarene East District Income & Expenditure as from 11\09\19 - 10\09\20 P2

item opening bal income total income expenditure closing bal21. Faculty of Theology sp 2100.8 26 2126.8 2126.8

22. Jesus Film 1629.65 1629.65 1629.65

23. Rent 2146.32 21000 23146.32 23146.32

24. SANU Travelling Allowance 0 0 0

25. Bakhokheli 1768.75 1768.75 1768.75

26. Bank chgs -94931.25 -94931.25 -16729.23 -111660.48

27. Caravan 1316 1316 1316

28. Christmas Services 287.7 287.7 287.7

29. Compassionate 52 200 252 252

30.Faith Promise 808.4 808.4 808.4

31. Links -Luchumano 721.76 108 829.76 829.76

32. Photocopying 677 107 784 784

33. Easter Offering 705.7 261.7 967.4 967.4

34. NMI Convention 400 400 400

35.District Lunch 0 4400 4400 4400

36.Stk Zone Camp Meeting 4408.4 1300 5708.4 -700 5008.4

37.Hand work 17 93.8 110.8 110.8

38.Donations \General -4777.34 -4777.34 -4777.34

39.Grand Totals 405956.03 758729.77 1164745.8 -969287.2 195458.617

Income and Expenditure for 20% for the period 11/09/2019-10/09/2020

month Income E\R Expenditure

Sep-19 8973.99 49543

Oct-19 36866.77 40824

Nov-19 37954.05 45680

Dec-19 25060.24 36351

Jan-20 39685.92 73675

Feb-20 32580.17 32456

Mar-20 46439.07 38448

Apr-20 25775.8 31837

May-20 25161.58 23855

Jun-20 34202.65 35087

Jul-20 34319.18 33485

Aug-20 65043.14 34612

Sep-20 31479.43 12338

443541.99 488191

0

10000

20000

30000

40000

50000

60000

70000

80000

90000

Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20 Jul-20 Aug-20 Sep-20

ENED 20% income & expenditure for 2019/2020

Income E\R Expenditure

18