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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
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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.
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