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ICCF logo Stichting ICCF Holland
Clematisstraat 30
4925 BE Venlo
The Netherlands

tel. 077 - 3872340
giro 4548774
KvK Venlo S 64588
www.vim.org/iccf

Financial report 1998

Overview of assets and liabilities
(in Dutch guilders)

1998

1997

Assets

   
sponsor contributions

13.145

9.440

one-time donations

8.908

4.112

sale of Vim

0

2.401

interest

7

5

total

22.060

15.958

Liabilities    
contributions towards the project in Uganda

21.646

15.677

expenses    
     foundation expenses

78

91

     bank expenses

248

100

     administration expenses

88

88

     interest

0

2

total expenses

414

281

total

22.060

15.958

Balance

nil

nil

Explanation

The assets and liabilities show that the total assets have grown 38% in 1998, compared to 1997. Both the contributions from sponsors as well as the one-time donations have grown considerably compared to 1997. There have been no sale of Vim in 1998. Donations have been received for the use of Vim, but this is not mentioned separately, because it is not always clear if a donation was because of using Vim. In the next table can be seen that the share from the sponsors has remained almost equal.

Assets in percentages

1998

1997

sponsor contributions

60 %

59 %

one-time donations

40 %

26 %

sale of Vim

0 %

15 %

 

100 %

100 %

We aim at very low costs. The goal is to limit the costs to 5% of the assets.
The assets and liabilities show that the cost in 1998 was 1.9% of the total assets. Thus the goal has been met by a large margin. The largest part of the costs are the for the bank. They are mostly for transferring the money to Uganda and to cash foreign donations.

Balace at December 31
(in Dutch guilders)

1998

1997

 

1998

1997

      Fixed assets

nil

nil

Fund balances

5.534

7.008

To be send to the project in Uganda

5.534

7.008

total

5.534

7.008

 

5.534

7.008

Explanation

As can be seen from the balance, the foundation does not have fixed assets. All assests are send to the project in Uganda, after reduction by expenses.

The balance (only at a bank) are lower by the end of 1998 than they were in 1997, but still quite high. The reason is that quite a few of the donations are received in December. Early 1999 most of the balance will be send to Uganda. To reduce banking costs larger amounts are transferred at a time.

Expectations for 1999

January 1999 there are 31 sponsors. The monthly income is fl 1065. We hope to further increase the number of sponsors in 1999. Therefore we expect that the total income from sponsors will be higher in 1999.
The income from one-time donations and sale of Vim are, considering their incidental nature, hard to predict.

 

Venlo, 16 januari 1999,

Bram Moolenaar, treasurer.

For comments on the ICCF Holland pages and for more information contact Helena Posthumus (Helena AT iccf-holland DOT org).
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