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ICCF logo Stichting ICCF Holland
Clematisstraat 30
5925 BE Venlo
The Netherlands

tel. +31 77 3872340
fax +31 84 8508509
giro 4548774
KvK Venlo 41064588
www.iccf-holland.org

Financial report 2000

Overview of revenue and expenses
(in Dutch guilders)

2000

1999

Revenue

   
sponsor contributions

19,629

15,558

one-time donations

18,551

17,759

sale of Vim

0

0

interest

          18

          9

total

38,198

33,326

Expenses    
contributions towards the project in Uganda

37,943

33,054

costs    
     foundation costs

   41

   64

     banking costs

 195

 208

     administration costs

    19

     0

     interest

     0

     0

total costs

      255

      272

total

38,198

33,326

Result

nil

nil

Explanation

The revenue and expenses show that the total revenue has grown 15% in 2000, compared to 1999. Both the contributions from sponsors as well as the one-time donations have grown. There has been no sale of Vim in 2000. 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 made because of using Vim.
In the next table can be seen that the share from the sponsors has grown, which makes the dependency on one-time donations a bit smaller.

Revenue in percentages

2000

1999

sponsor contributions

51 %

47 %

one-time donations

49 %

53 %

 

100 %

100 %

We aim at very low costs. The goal is to limit the costs to 5% of the revenue.
The revenue and expenses show that the cost in 2000 was 0.7% of the total revenue. Thus the goal has been met by a large margin. The largest parts of the costs are the banking costs. They are mostly for transferring the money to Uganda and to cash foreign donations.

Balance at December 31
(in Dutch guilders)

2000

1999

 

2000

1999

To be receved from sponsors

1,390

     0

Equity

nil

nil

Fund balances

2,221

3,112

To be send to the project in Uganda

3,611

3,112

total assets

3,611

3,112

total liabilities

3,611

3,112

Explanation

As can be seen from the balance, the foundation does not have any equity. All revenue is send to the project in Uganda, after reduction by expenses.

The fund balances are lower by the end of 2000 than they were in 1999, but are still quite high. The reason is that larger amounts are transferred at a time, to reduce banking costs.

The monthly payment from sponsors for December 2000 was only received in January 2001, because of a mistake. These assets are considreed to be part of the year 2000 and therefore noted here as "to be received" in the balance.

Expectations for 2001

In January 2001 there are 46 sponsors. The monthly income is about fl 1500. We hope to further increase the number of sponsors in 2001. Therefore we expect that the total income from sponsors will be higher in 2001.
The income from the one-time donations and sale of Vim are, considering their incidental nature, hard to predict. Considering that a large one-time donation has been received in 2000, it is very well possible that the income from one-time donations will decline in 2001.

 

Venlo, 24 January, 2001,

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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