MAF NZ 2022 FINANCE REPORT

Despite a contracting economy and rising inflation, the MAF NZ financial accounts, once again, reflect the amazing generosity of our faithful supporters and goodness of our awesome God.

A small deficit of $3,413 is shown for the year ended 31 December 2022. All the major construction work for the renovation of the KendonStrong MAF Centre was completed by the end of the year. We are happy to report that the cost came within budget parameters. A big thank you to our volunteers and MMM (Men’s Mobile Mission) who made this possible

The financial statements have been audited and given a clean and unqualified audit opinion

Income/Distributions

Donations are channeled through two entities – MAF NZ for work within NZ, such as recruitment, advertising and training of staff in preparation for mission; and Flying for Life Charitable Trust (FFL) for approved overseas projects The 2022 project distributions have included: aviation fuel through the Jerry Can appeal, medevacs in Timor-Leste, medical and health flying in South Sudan, relief and development flying in South Sudan and Kenya, and special appeals for the newly operational Guinea programme and Timor-Leste’s Closing the Loop initiative.

Expenditure

Total expenses of $869k were 10% more than 2021. Staff salaries were reviewed and adjusted as per the Strategic Pay not for profit report recommendations

Summary and Outlook

MAF NZ’s progress is charted below by combining MAF NZ and FFL figures to show the big picture.

We acknowledge God’s abundant provision for this ministry and are truly grateful for all our donors and members who uphold MAF NZ with their prayer and practical support. May they know the Lord’s blessing and favour upon their lives

Fiona Vincent Jim Veitch MAF NZ Finance Manager Treasurer

May 2023