In light of recent public concern in Ireland in relation to the governance of charities, Value Added in Africa wishes to offer transparency on its operations and finance:
Value Added in Africa (VAA) is committed to using all of the resources at its disposal solely for pursuit of its mission to create livelihoods opportunities and markets for African producers and to help them move up into value-addition.
As a young organisation VAA has given high priority to developing robust systems of governance and transparency alongside focusing on achieving our mission of poverty reduction. The systems in place are more than appropriate given our size, and ensure proper use of funds received from both private and public sources.
The Board of VAA meets six times a year including one full-day meeting. Finance is a standing item at all Board meetings. Board members are recruited based on their professional abilities. They receive no remuneration for their input and no member of the Board is related to any other Board member or member of staff. VAA adheres to the Dóchas Code of Corporate Governance and the Board undertook a full review of all governance procedures and policies during the last year.
VAA’s accounts are independently audited by Cooney Carey Accountants and the audited accounts since VAA’s first full year of operations in 2009 are published in full on the VAA website.
In 2015 VAA received €125,000 in grants from Irish Aid after a competitive process of application. This represented under 60% of VAA’s total income for the year as required by Irish Aid. Annual reporting to Irish Aid and our institutional donors is up to date.
VAA has three full-time staff and a part time bookkeeper. Salaries are as follows:
- Director, Conall O’Caoimh, annual salary of €51,500
- The Programme and Sourcing Manager salary is €40,000
- The Fellow in Business and Development at UCD, Dr. Penelope Muzenanhamo is on a salary of €50,000, pro-rata for a 4-day week
VAA is committed to being a responsible employer and as part of that has a policy of paying a pension contribution of 6% for staff members who have over two years service. At present two members of staff, the Director and the Bookkeeper, receive this pension contribution.
VAA is recognised by the Revenue Authority as a charity (CHY 18389) and is registered and up to date in its filing with the Charities Regulatory Authority. VAA is up to date in its filing at the Companies Registration Office. An up to date Tax Clearance Certificate was received from the Revenue Commissioners on 27th June 2016.
VAA is a member of Dóchas, the NGO umbrella body, and a member of the Irish Development Education Association. VAA is recognised by Dóchas as a full adherent to the Dóchas Code on Images and Messages.