About Us: NGO Financial Statement and Report

Financial Statement & Report: Reputed Agriculture 4 Development (Reputed A4D) Stichting registered in The Netherlands

We are very pleased to share our first year of Financial Statement and Report for the period of 2019 – 2020 as seen below. As an NGO for public benefits, we have to be transparent on the Financial Management regarding ‘how we have received’ and ‘how we have used’ our funds to conduct activities for public benefits. The receipts of expenditure related to the financial report are available upon requested.

I. Reputed Agriculture 4 Development Stichting registered in The Netherlands on 25 April 2019

In this section, we have specifically prepared the financial report for the NGO registered in The Netherlands. This report included the trips from Ghana to The Netherlands in Jan 2019, for consultations with the The Royal Netherlands Chamber of Commerce (‘KvK’) in Arnhem, Notary and Tax and Accountant Advisory Office in Wageningen, The Netherlands. This NGO is built as ‘Stichting’ (ref. ‘Foundation’ in English), registered on 25 April 2019 in Wageningen. The important note to work outside of The Netherlands is that Reputed Agriculture 4 Development (RA4D) ‘Stichting’ becomes the umbrella for our efforts working in partnerships with NGOs (local and international), farmers’ associations, and universities (local and international) in the tropics (our reference: the code on Sustainable Business Initiative (SBI) given by The Royal Netherlands Chambers of Commerce (KvK) is 94995).

Our activities began in January 2019 with a number of consultations and visited a number of respected Netherlands Authorities up to get our registration on 25 April 2019, we have recorded some expenses of which needed to be recorded here as well. Therefore, we’d like to show it; and finally it has seen as a two years of fiscal financial report, e.g. Jan 2019 to Dec 2020.

We do excuse ourselves because we are yet to open our bank account in The Netherlands. Nevertheless, we have already opened our NGO bank account in Ghana, because our first step working outside of The Netherlands is in the country of Ghana. It is already in our plan to open this bank account in The Netherlands in the year of 2021. It will happen in the end of August 2021. Erna Abidin has already organised it with the ABN-AMRO bank in Wageningen, The Netherlands.

The delay was due to un-expectation of various obstacles occurred since then, includes the ‘Covid-19’ restriction movement. This gives a consequence of being un-able to show the initial and end of bank balance out of the Dutch bank account in which we have reported in this section (Section I).

Generally speaking, we worked on setting up and establishing partnerships with various institutions based on our SBI No: KvK-94995, whether while I was in The Netherlands, trying to contact several Dutch Entities/NGOs or private sectors, and also, in Ghana (on both efforts of Erna Abidin and Ted Carey).

We also worked and strategised our niche and programs to be as our first or high priorities, including the SBI No: KvK-94997.

In this financial report, we mostly reported on Capital, Relevant Expenditure, i.e., Preparation of the NGO in The Netherlands, Trips of Erna Abidin and Ted Carey to The Netherlands, Making the Website, and Service provider to sustain the website to run. The website is an obligation for us when managing a non-profit NGO (Stichting/Foundation). For the trips, we only considered the airplane tickets. The trips were meant for visiting and consultation with the Notary in Wageningen, KvK in Arnhem, and the Advisory Office for Finance and Fiscal Accountants in Wageningen.

For the capital, all of the four board members have contributed as in-kind (manpower) and/or borrowing some spaces and belonging, such as a piece of room for the offices, using the home address as the NGO addresses, i.e. The Netherlands and Ghana, use of laptops, telephones, etc. All expenses (cash withdrawing) were from the contributions from Erna Abidin and Ted Carey as ‘gifts’.

THE FIRST TWO FISCAL YEARS OF 2019-2020 IN WHICH THE FINANCIAL STATEMENT ARE BEING REPORTED (Jan 2019 – Dec 2020; referred to our statement written the paragraphs above)

Summary: A two Fiscal Year RA4D Financial Report/Statement (2019 to 2020) on Revenue and Expenses

The two fiscal year RA4D Financial Statement/Report (2019-2020) in Details

APPROVED & ASSISTED BY

Dr. Erna Abidin
Voorzitter/Board of Directors (Leader/CEO)

REPORTED BY

Dr. Ted Carey
Penningmeester/ Board of Directors (Treasurer)

This Financial Report has already been seen and approved to be sufficient by the Advisory Office for Finance and Fiscal Accountants in Wageningen, The Netherlands through the email communication on 10 June 2020.

Notes: Exchange rates taken through the internet accordingly:

  • On 27 Jan 2019: Euro 1 = US $ 1.1414
  • On 2 May 2019: Euro 1 = US $ 1.1175
  • On 15 March 2019: Euro 1 = US $ 1.1335
  • On 31 March 2019: 1 US $ = Euro 0.90694
  • On 17 Jan 2020: US $ 1 = Euro 0.90166
  • On 5 Feb 2020: Euro 1 = US $ 1.1020
  • On 25 April 2019: Euro 1 = US $ 1.1138
  • On 2 May 2019: Euro 1 = US $ 1.1175
  • On 6 July 2019: US $ 1 = Euro 0.92721
  • On 9 Dec 2019: US $ 1 = Euro 0.90384
  • On 20 Feb 2020: US $ 1 = Euro 0.92703
  • On 12 March 2020: Euro 1 = US $ 1.1183

II. Reputed Agriculture 4 Development Foundation Limited by Guarantee registered in Ghana on 16 September 2019 and RA4D Foundation as National NGO in Ghana ((Reg #: D.S.W./9647)

Our first step of developing the activities was in Ghana. This was because we have already been working and living in this country, i.e. Dr. Ted Carey has worked and lived in Ghana since the year of 2010. Dr. Erna Abidin has worked and lived in Ghana since the year of 2014. It was wisely and logically to start our first work through this newly established NGO in the country, where we have already been there.

We are familiar with this country, have established good contacts with relevant government officers, and other stakeholders. Furthermore, we have shown our successful contributions towards agricultural development, e.g. Sweetpotato Intervention from the past projects working at the CGIAR-CIP in West Africa, included Ghana. Indeed, we have already established our strong partnerships both with some institutions and individual people.

This was our reason that we registered our RA4D NGO on 16 Sep 2019 given its functions as (i) Foundation of which its members is Limited by Guarantee and (2) Also received a certificate ‘to Commence Business’. In this Section II, we do our financial statement as a ‘Foundation’. We are glad to share our financial report in Ghana as our first fiscal year of 15 months being existed (Sep 2019 to Dec 2020).

In September 2020, we have hired an assistant accountant thru a contract-base performance. This accountant has experienced with working for our (i.e. Ted Carey and Erna Abidin) projects from CGIAR-CIP based at Tamale office until mid year of 2020. He has tried to do the best at his level. However, we do plan to look for a more experienced- and senior level to manage our finance as our non-profit NGO is growing.

Since both founders from Reputed Agriculture 4 Development Stichting registered in The Netherlands, Drs. Erna Abidin and Ted Carey and they are also the Founders for Reputed Agriculture 4 Development Foundation registered in Ghana. We have chosen a Ghanaian, Mr. Emmanuel K. Darkey, as our local partner to work together with Erna Abidin and Ted Carey at ‘RA4D Foundation‘ in Ghana. For the Financial Report in Ghana, both RA4D logos were used (Ref. SBI No: KvK-94995 and KvK-94997). The Capital for this Foundation is remained the same with RA4D Stichting and it has already been reported previously.

Reputed Agriculture 4 Development (RA4D) Foundation
STATEMENT OF ACTIVITIES
For the Period: 16 Sep 2019 – 31 Dec, 2020
(In Ghana Cedi = GHc*)

Notary Registered number:CG109862019
Reg. No as National NGO in Ghana on a basis of a yearly-registration feeD.S.W./9647
Tax Payer No (TIN):C0029989485
Date of Incorporation:16-Sep-2019
Address:Plot 52, Block A, Kokobra, Fumesua, AE-0457-7331, Ejisu Juaben, Ashanti, Kumasi
Incorporated under the Companies Act 1963 (ACT 179), having two certificates:(i) Certificate of Incorporation: The liability of its members is limited by guarantee; (ii) Certificate to Commence Business (Sections 27 and 28 of the Companies Act 1963, Act 179)
Social media (MENU):https://reputeda4d.nl/

In year of 2020, we had two short projects in Ghana, from which we could generate small incomes for the NGO, namely ‘Indirect Costs’ based on the contributions of Drs. Erna Abidin and Ted Carey. This Indirect Costs were taken in a certain percentages from their Service-fees (Ref. Detailed Fiscal Financial Report of 2020) . From one of our projects (two months of implementation) we have created an employment in Ghana for technical support in agriculture for development, they worked in a contract basis. We also gave a small allowance for the National Agricultural Research and Extension (NARES). From all the staff payment including Erna Abidin and Ted Carey, the With-holding-taxes (WHT) were collected and then paid them to the Ghana Revenue Authority (GRA) in the beginning of 2021.

PROJECT NAME: I. VOLTA INTEGRATED AGRICULTURAL DEVELOPMENT
PROJECT CODE:SWEETPOTATO PRODUCTION & POSTHARVEST HANDLING (SP&PH)
ID:01/072020/VIAD-GH/SP&PH
DONOR:VIAD LTD – a Local Private company in Ghana
TYPE OF CURENCY RECEIVED:GHANA CEDI BASED ON US $ REQUESTED TO THE TWO RA4D DESIGNATED EXPERTS BY THE VIAD LTD. THE EXCHANGE RATE BASED ON THE DATED INVOICES RESPECTIVELY
TYPE OF COLLABORATION:MoU
PROJECT NAME: II. SCALING RTB CROP VARIETY VALIDATION AND DIFFUSION USING FARMER CITIZEN SCIENCE IN GHANA AND RWANDA
PROJECT CODE:SCALING TRICOT-GHANA
ID:01/011&12_2020/CGIAR-RTB-CIP SCALING PROJECT/SCALING-TRICOT-GHANA
DONOR:CGIAR-RTB SCALING – THROUGH CIP-LIMA-PERU
TYPE OF CURENCY RECEIVED:GHANA CEDI BASED ON US $ BUGETED FOR THE PROJECT. EXCHANGE RATE BASED ON CIP-HQ IN LIMA PERU CALCULATED SINCE THE FIRST TRENCHE TRANSFERRED
TYPE OF COLLABORATION:CONTRACT AGREEMENT FOR PROCUREMENT SERVICES OF CIP AND RA4D – NOV TO DEC 2020 
DESIGNATED EXPERTS FOR BOTH PROJECTS:TED CAREYDuty as: Board Treasure for RA4D Stichting; Secretary Board for RA4D Foundation; Director of Research for Development of RA4D NGO 
 ERNA ABIDINDuty as: Board Leader for RA4D Stichting; Board Leader for RA4D Foundation; CEO of RA4D NGO
* Exchange rate on 21 Oct 2020 1 US $ = EURO 0.8453
* The Exchange rates from US $ to Ghana cedi (GHS) were taken based on various exchange rates in July, Oct and Dec 2020 consecutively when claiming of the service-fees submitted to VIAD project in Ghana
*** Exchange rate from US $ to Ghana cedi (GHS) based on CIP HQ in Lima Peru when this institution transferred each trenche of funding project in 2020

What did the RA4D NGO contribute to Ghana in 2020?

Throughout of the year of 2020, we are happy to accomplish part of our mission, although it is small but beautiful!

  • Establishment of Sweetpotato seed system linkages between private sector and private company of which selling the clean planting material and true-to-type variety. This was done by the two designated experts, RA4D Stichting and Foundation in Ghana.
  • The two designated Experts of RA4D Stichting and Foundation have guided and helped 7 private companies to develop various businesses in sweetpotato crop from seed production to handling its value chains in Ghana.
  • Training of some private sector extension officers, government extension officers, field officers in Ghana on Good Agricultural Practices (GAPs) and sweetpotato postharvest handling by the two designated Experts, RA4D Stichting and Foundation.
  • Involved in a number of project proposal submissions by the two Designated Experts of RA4D Stichting and Foundation.
  • Participating in a number of webinars with some valuable contributions by both designated experts mentioned above.
  • Creating job opportunities to 2 designated experts, RA4D Stichting and Foundation, 9 young professional Ghanaians as well as a number of temporary labours working on the sweetpotato projects and RA4D program activities in Ghana.
  • Contributing to Ghana Revenue Authority (GRA): US $ 840 (GHS 4,910.30) from the individual ‘With Holding Taxes’ through the NGO.
  • Generating some NGO incomes from the Overhead institution to sustain other programs in Ghana through the generosity of the two designated experts, RA4D Stichting and Foundation.

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