Childs life International

Transcription

1 Stihting Childs life International Annual Report 31 Deember 2015 ChiidsLife Annual Report 2015 Gewaarmerkt d.d. 3 'b I \ ~ Handteke.n9 A..._--:::=:::::-

2 Balane per 31 Deember de de-14 ASSETS A Tangiblefixed assets BInventory (Gifts-in-Kind) C Aounts reeivable D Availablefunds Total LIABILITIES Reserves and funds E - Reserves - Continuity reserve Designated reserves F - Funds - Designated funds G Short-term debts Total ChildsLife Annual Report 2015 Gewaar,FJ'lirkt d.d. 3 b lb Handt

3 Statement of Inome and Expenditure 2015 Atual201S Budget 2015 Atual2014 Inome: I - Inome from own fundraising % % % J - Interest inome K - Other inome Total inome Expenditure: L Expended to the projets - Goal A - Information/Eduational % % % - Goal B- Preparation & Coordination % % % - Goal C- Strutural help % % % - Goal D - Emergenyaid % % % M Fundraising osts - Diret fundraising osts * % % % * = CBF-requirement 25% N Management and administration -Costs management and administration % % % Total expended Defiit! surplus % 216-0% % Results Atual201S Budget 2015 Atual2014 The defiit! surplus is transferred from or added to: - Continuity reserve Designated reserves Designated funds Theexpenditure perentage inome The relation between the total expenditure to the projets and the total inome. Atual201S Budget 2015 Atual2014 Total expenditure Total inome Expenditure perentage inome 70% 85% 186% Theexpenditure perentage expended The relation between the total expenditure to the projets and the total expended. Total expenditure Total expended Expenditure perentage expended Atual201S Budget 2015 Atual % 85% 92% Theosts perentage offundraising The relation between the fundraising osts and the inome from own fundraising. The poliy with regard to this perentage is to strive to a perentage below 15%. Inome from own fundraising Fundraising osts Costsperentage of fundraising Atual201S Budget 2015 Atual % 13% 14% ChiJdslife Annual Report 2015 Gewaa~merkt d.o. 3lb!tb H dte~:.::..:..:;~~

4 Explanatory note for the annual aounts 2015 General This Annual Report has been prepared in aordane with the Duth National Fundraising Guidelines (Rihtlijn 650 Verslaggeving Fondsenwervende Instellingen), the CBF-areditation, to ensure transpareny in reporting by fundraising institutions and provide a lear insight in the utilisation of funds for projets, fundraising, administration and management. The Annual Report has been prepared on the basis of a period of one year. The finanial year is the alendar year. Audit of the Annual Reports The foundation is, in aordane with the CBF(Centraal Bureau Fondsenwerving) Guidelines, ompulsorily subjet to an audit of the Annual Reports. Aounting poliies for assets and liabilities and determination of results General The aounting poliies used for the evaluation of data are based on historial osts. Unless otherwise stated, the assets and liabilities are arried at the nominal value. Revenue and expenditure are alloated to the period to whih they relate. Foreign urreny transations Transations in foreign urreny are onverted with the exhange rate of the transation date. In foreign urreny denominated monitary assets and liabilities are onverted per balane sheet date in the funtional urreny with the exhange rate of that date. Non-monetary assets and liabilities in foreign urreny that are aounted against historial ost prie, are onverted to Euro's against the exhange rate of the transation date. The exhange differenes are aounted as expenditure in the statement of inome and expenditure. Aounting poliies for assets and liabilities Tangible fixed assets These assets are valued at purhase minus aumulated depreiation. Depreiation is alulated as a perentage of the purhase prie on a straight line basis over their eonomi lifespan. - Hardware and software 33% - Inventory and transportations - Warehouse rakings 20% 10% Childs Life Annual Report 2015

5 Inventory (Gifts-in-Kind) The Gifts-in-Kind are based on the fair value within The Netherlands. Aording to the ChildsLife poliy of September 24, 2012 is at that date proeeded to external appraisal for gifts in kinds to the value of or higher and/or more but idential goods with a total value of (but with a individual value that is lower than 8.000). The transport osts for aquiring the gifts-in-kind are attributed to this value of the inventory. The gifts-in-kind are immediately available for the projets. Aounts reeivable and available funds Reeivables are reognized initially at fair value and subsequently measured at amortized ost. The fair value and amortized ost are equal to the nominal value. Neessary provision for doubtful debts be deduted. These provisions are determined on the basis of individual assessment of progress. Available funds The available funds are valued at nominal value and are free available. For mutations is referred to the ash-flow. Continuity reserve The ontinuity reserve is formed for the overing of risks at short notie and to be sure that the foundation meets its obligations towards projets in the future. Aording to the Guidelines of VFI (Vereniging voor Fondsenwervende Instellingen) the Board works towards a ontinuity reserve of l,s times the yearly osts of the working organisation. Designated reserves The restrition on spending of the designated reserves is determined by the Board, and is not an obligation, the Board itself an end this restrition. This reserve is designated to the inventory (Gifts-in-Kind) and tangible fixed assets. Designated funds These are funds that are designated by third parties to a speifi projet. Short-term debts Liabilities are initially valued at fair value. This is about generally equal to the nominal value. After initial measurement of debt measured at amortized osts. If there is no premium or disount amortized ost is equal to the nominal value. Aounting poliies for the ash flow The ash flow has been prepared aording the indiret method. The ash in the ash flow onsists available funds. Inome and expenditure from interest are inluded in the ash flow of operational ativities. ChiidsLifeAnnual Report 2015

6 Aounting poliies for determination of results Inome and Expenses These are imputed to the period to whih they refer. All inome are for the gross amount inluded within the inome. Inome from own fundraising Inome from own fundraising is aounted for the reeived amount without dedution of osts. Donations Donations are all voluntary ontributions and donations, inluding the diret mail inome. These are aounted in the reeiving year exept donations that an be aounted for a period in whih a ertain ation took plae. Gifts with a speial destination Gifts with a speial destination is inome that is designated to a projet by third parties. These gifts will be spend to the destination for whih it is raised. Gifts-in-Kind The gifts-in-kind are based on the fair value within The Netherlands. Aording to the ChildsLife poliy of September 24,2012 is at that date proeeded to external appraisal for gifts in kinds to the value of or higher and/or more but idential goods with a total value of (but with a individual value that is lower than 8.000). Sponsored servies The sponsored servies are based on assessable servies from businesses, where no proportional ontribution for the servies or goods are ompared. legaies Legaiesare aounted in the finanial year in whih the signifiane an reliably be determined. Provisional payments are aounted in the finanial year in whih they are reeived as inome from legaies, provided that they are not aounted in a previous finanial year. Sale of goods Inome from the sale of goods are aounted as inome against the gross profit. The gross profit is the net sales minus the osts of the sold goods. Expenditures to the programs Within the organization six main ativities an be distinguished: Information/Eduational, Preparation and Coordination from The Netherlands, Strutural help, Emergeny aid, Fundraising and Management & Administration. To support these ativities the organisation has operational osts. These osts are alloated to above ativities based on a fixed alloation. ChildsLifeAnnual Report 2015

7 Alloation implementation osts The al/oation of the operational osts to the programs and projets is as follows: The Duth National Fundraising Guidelines for the annual reporting R 650 determines that the osts of the organization must be speified to different ost ategories. Every staff belongs to one of these ategories. The VFI has guidelines what osts should be attributed to the ost ategory 'management and administration', namely: osts for management, finane, ICT,reeption, mail handling, arhive and general seretariat. ChildsLife follows these guidelines. On the basis of the labor osts and formation, viewed over several years, these osts are 10% of the total salary osts. The osts for fundraising and the osts spent on objetive A en D are 10% and the osts spent on objetive B is 35% and on objetive C is 25% of the total salary osts. We then alulate the osts for other personnel osts, travel/aommodation osts, offie aommodation ostst, offie osts, printing osts brohures et. and other general expenses using the same method and distribute them. The speifiation and distribution of osts to the program is as follows: Destination Program & Projet Fundraising Management and administration Expenditures A B C D Own fundraising Salaries and soial seurity osts 10% 35% 25% 10% 10% 10% Other personnel osts 50% 50% Travel/aommodation osts 50% 50% Offie aommodation osts 10% 10% 62,5% 10% 7,5% Offie osts 10% 10% 60% 10% 10% Printing osts brohures et 50% 50% Other general expenses 10% 10% 60% 10% Fundraising asts 100% 10% Strutural help 100% Emergeny Aid 100% A = Information / Eduational B = Preparation and Coordination from The Netherlands C= Strutural help D = Emergeny aid ChildsLifeAnnual Report 2015

8 Cash flow 2015 Atual2015 Atual2014 Cash flow from operational ativities Defiit/surplus Adjustments for: Depreiations tangible fixed assets Total gross ash flow from operational ativities Change in working apital: Mutation in Gifts-in-Kind Mutation in aounts reeivable Mutation in short-term debts Total net ash flow from operational ativities Cash flow from investment ativities Additions tangible fixed assets Divestments tangible fixed assets 4- Cashflow from investment ativities 4- Mutation available funds The ash flow of the finanes is as follows: Balane at the 1st of January Mutation available funds Balane at 31st of Deember Explanatory ash flow The ash flow provides insight into the availability of funds during the year. In 2015 a net ash flow is realised from operational ativities of positive. There were no investment ativities in All ativities of ChildsLife resulted in a liquidity position at 31 Deember 2015 of ChildsLife Annual Report 2015 Gewaarmerkt d.d. 3 lb I (b H ndt ening

9 Explanatory note to the balane sheet at 31st of Deember 2015 Assets A Tangible Operating fixed assets assets Purhaseosts Aumulated depreiation Bookvalue at the 1st of January Divestments Divestments aumulated depreiation Depreiations finanial year Bookvalue at 31st of Deember The above assetsare for use in the organisation and are inventory, ICT,ompany ar, storage raksand forklift. The book value at 31st of Deember an be speified asfollows: Purhasevalue Aumulated depreiation Bookvalue at 31st of Deember BInventory (Gifts-in-Kind) Gifts-in-Kind available for the projets Transport oststo aquisition of Gifts-in-Kind The Gifts-in-Kind are immediately available for the projets and onsist of goods suh asfurniture, lothing, food, household items, hygiene produts, medial artiles, shool supplies, toys, hard ware and emergeny aid pakages. C Aounts reeivable Donations reeivable Mailing inome reeivable Prepaidother osts Other reeivables All aounts reeivables and prepayments have a maturity of lessthan 1 year. The mailing inome reeivables is the inome of a mailing in Deember 2015 reeived in January Prepaidother osts are oststo be alloated to Childs Life Annual Report 2015

10 D Available funds Cash ABN-AMROBank ABN-AMROBanksavingaounts INGBank INGBankdeposit All available funds that are not diretly needed for the business,are transferred to a savingsaount and are instantly laimable. Liabilities Reserves and funds EReserves Continuity reserve Balaneat the 1st of January From/to operations assetsreserves From/to objetives assetsreserves From/to designated funds Surplus/defiit finanial year Balaneat the 31st of Deember A ontinuity reserve is formed for the overing of risks at short notie and to be sure that the foundation meets its obligations towards projets in the future. Designated reserves Objetives assets reserves; Balaneat the 1st of January Mutation in the inventory (Gifts-in-Kind) Balaneat the 31st of Deember Operations assets reserves Balaneat the 1st of January Movement in tangible fixed assets Balaneat the 31st of Deember Total designated reserves The restrition on spending of the designated reserves is determined by the Board and is not an obligation, the Board itself an end this restrition. Childslife Annual Report 2015

11 F Funds Designatedfunds Fund1 Fund2 Fund3 Fund4 Fund5 Fund6 Total Balane at the 1st of January Inome Expended Balane at the 31st of Deember Theseare funds that are designated to a speifi projet by third parties. Fund 1 is ChemaVision shool, Kibera, Kenya- shoolmeals and books. Fund 2 is the Voational entre in Kibera, Kenya. Fund 3 is Maasaishoolsprojet, Kenya. Fund 4 is Annenoor Centers in Romania(eduation enters), First Step in Life and Next Step in Life. Fund 5 is Live LearnEarnhiv mothers program in Kibera, Kenya. Fund 6 is Makueni shoolsprojet, Kenya. G Short-term debts Aounts payable Wagetax and soial seurity osts Arued expenses Reservationsbenefits Gifts reeived in advane Premiums for WGA-Hiaat insurane H Assetsand obligations. not visible in the balane sheet The annual rent for 2016 for the property at Nijverheidsweg 35B at Haarlem is The rent an be terminated on a monthly basis. ChildsLife has issueda bank guarantee for the rent at Childstife Annual Report 2015

12 Explanatory note to the statement of inome and expenditure 2015 I Inome from own fundraising Atual2015 Atual2014 Budget 2015 Colletions Donations and gifts Designated gifts Gifts-ln-Kind Sponsored servies Events and support ations Ations of shools legaies Saleof goods Total inome from own fundraising Total inome from own fundraising is :1,4 million, a derease of with referene to This derease is mainly aused by a derease of Gifts-ln-Kind. The inome from donations and gifts, designated gifts, ations of shools, legaies and sale of goods inrease by ompared to last year. The designated gifts are funds for: 2015 Voational Shool in Kibera, Kenya Kisii projet for food and lothing, Kenya Maasai shool projet Chema Vison shool in Kenya live Learn Earn hiv mothers program Annenoor/ First Step & Next Step in Life Romania Makueni shools projet, Kenya Maasai Give a shool a herd projet, Kenya e Total designated gifts Gifts-in-Kind an be divided by donor or by type of goods. Gjfts~in~Kind by donor DMRO (USAID) Companies from England Duth ampa nies Duth individuals Total Gifts-in~Kind Gift-in-Kindby type of goods Clothing Food Furniture Mahinery and equipment Household items Hygiene produts Medial artiles Shool supplies Toys Various goods Total Gifts~În~Kind Inome from the sale of goods is the gross profit ofthe goods sold. The ost prie is the transport ost for obtaining the donated goods. Net sales Cost prie Gross profit J Interest inome Atual2015 Atual2014 Budget 2015 Interest inome The interest of the saving aount was 1% average. K Other inome Atual2015 Atual2014 Budget2015 Divers inome and expenditure ChiidstifeAnnuaiReport201S

13 N Distribution of implementation osts aording to programs In Guideline 650 is presribed to ount the osts to the goals (A: Information/Eduational, B: Preparation & Coordination C: Strutural hefp en 0: Emergeny Aid). fundraising and management and administration. Alloation of diretly aountable osts are diretly ountable and not diretly aountable osts are alloated on the basis of the desribed liability method in aounting of these aounting poliies. Total programs Fund Management & Budget 2015 Total 2015 A B C 0 raising administration 2014 Salaries and soial seurity Other personnel Travel/aommodation Offie aommodation e e Offie e e Printing brohures/news-fetters and info materials Other general expenses Costs own fundraising (DM) e Strutural help Emergeny aid Total Explanatory note to distribution of implementation osts aording to programs Salaries in The Netherlands Pensions Soial seurity Sikness benefit payment Pension The foundation has arranged a pension settlement for her employees. The settlement onerns a defined-ontribution arrangement Budget Salaries In The Netherlands: end of part-time employees.the number of full-time employees averages at 3,4 (2014: 4,4). The salaries are raised with 1% per January 1, There was no payment for other members of the Board of Diretors and no payment for the Board of Trustees. Payment diretor The supervisory body has determined the remuneration poliiy, the level of exeutive remuneration and the level of other remuneration omponents. Periodially the poliy of remuneration will be updated. The last evaluation was in In determining the remuneration and the determining of the salary Childslife follows the 'Advie Regulation Remuneration for Diretors of harities' of VFI and the Code Wijffels(2005). The Advie regulation gives, using severity riteria, a maximum norm for the annual inome. The weighing of the situation at ChildsLife resulted in a so alled BSD-sore of 380 points with a maximum annual inome (2010) of EUR Forthe benhmarking relevant annual inome of the diretor was in 2015 (0,8 FTE/12 months) EUR This salary is within the maximum norm. In the overview written below is the annual inome of the diretor defined aording to the Advie of the Code Wijffels. Employment diretor Nature (maturity) indefinite Hours 32 Parttime perentage 80% Period 01/01-31/12 Salary (EUR) Yearly inome Gross salary Holiday payment 8% e Total yearly inome Soial Se. osts (employers part) Pension osts (employers part) Total other harges and fees Total salary Total salary Other personnel Budget2015 Interim Employers osts lng/other (sponsored) Other ChildslifeAnnual Report W15

14 Travel/aommodation Commuting allowane Domesti travel Travel abroad (on behalf of the projets) Z BudgetZalS Offie aommodation Rent Energy and water Cleaning Warehouse Other Z Z Budget ZOlS Offie Telephone/internet ICT ICT (sponsored) Memberships Bank harges Postage Depreiation tangible fixed assets Offie supplies Other ZOlS Z Budget ZOlS Distribution of implementation osts aording to programs BudgetZalS Prodution osts e Other general expenses Insuranes Auditor's feel administration Car Waste disposal Civil-law notary's fee and lawyer's fee Costs for appraiser Other Corporate sponsoring e Z S BudgetZalS Cost own fundraising Prodution and postage Diret Mail Thank-you letters Diret Mail Bank harges Retainerfee Diret Mail Inasso asts Database management Advertising and promotion Advertising and promotion (sponsored) ZOlS Z BudgetZalS Strutural Help Own projets: Romania Kenya Moldova Burkina Faso Tanzania Other projets ZOlS Z BudgetZalS ChiidslifeAnnuaiReport201S

15 Budget2016 Budget for the year Fundraising Inome from fundraising - Colletions/ Speial Events Inome shools Corporate donations Mailing ations Gifts-in-Kind Donations Legaies - Diret debit Foundations Notary deed of gift Sponsored servies Credit interest Other inome ChildsLife Annual Report 2015 Gewaarm)rkt d.d..3/b lib H~ening

16 Budget for the year Expenditure to the projets Information/ Eduational ("A") Implementation osts Preparation and Coordination ("8") Implementation osts Strutural Help ("C") To projets in goods To projets with donated funds Implementation osts Emergeny Aid ("0") Diretly provided help Implementation osts in The Netherlands Total to expend on the programs Casts of fundraising (In) diret fundraising osts Implementation osts Management and administration Total osts Country ( "C") Amount in Burkina Faso Kenya Romania Moldova ChildsLife Annual Report 2015

17 Long range budget Salaries and soial seurity Other personnel Travel/aommodation Offie aommodation Offiœ Printing brohures/newsletters A B o Management Fund and Total raising administration finanial year and info materials _ Other general expenses _ 2_.4_7_4 2_._47_4 1_4...:,8_44_...; '-- 2_.4_7_4_"-- 2_.4_7...;4_"----'2_4;.; :.4.:..,:0,- Total osts ================================================================ Average number of staff Remuneration Remuneration Board of Trustees Board of Diretors Loans, advanes and guarantees given to board members Alloation formulae 5 2 members of whih 1 unremunerated o adjusted to new poliies A B Salaries and soial seurity Other personnel Travel/aommodation Offie aommodation Offiœ Printing brohures/newsletters Management Fund and Total o raising administration finanial year and info materials _ Other general expenses 2_._4_ _4_9_9 1_4_.9_9_2_ -_ 2_.4_9_9_ 2_.4_9_9 Total osts e ==============================================================~ Average number of staff Remuneration Remuneration Board of Trustees Board of Diretors Loans, advanes and guarantees given to board members Alloation formulae members of whih 1 unremunerated o adjusted to new poliies _._98_7_ Salaries and soial seurity Other personnel Travel/aommodation Offie aommodation Offie 2017 A B Printing brohures/newsletters and info materials Other general expenses Total osts o Fund Management and Total raising administration finanial year Average number of staff Remuneration Remuneration Board of Trustees Board of Diretors Loans, advanes and guarantees given to board members Alloation formulae 5 2 members of whih 1 unremunerated o adjusted to new poliies 2008 Chifdslife Annual Report 2015