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Stichting ICCF Holland
Clematisstraat 30
5925 BE Venlo
The Netherlands
tel. 077 - 3872340
giro 4548774
KvK Venlo S 64588
www.vim.org/iccf
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Financial report 1999
Overview of assets and liabilities
(in Dutch guilders) |
1999 |
1998 |
Assets |
|
|
| sponsor contributions |
15,558 |
13,145 |
|
one-time donations |
17,759 |
8,908 |
|
sale of Vim |
0 |
0 |
|
interest |
9 |
7 |
|
total |
33,326 |
22,060 |
|
Liabilities |
|
|
|
contributions towards the project in Uganda |
33,054 |
21,646 |
|
expenses |
|
|
|
foundation expenses |
64 |
78 |
|
bank expenses |
208 |
248 |
|
administration expenses |
0 |
88 |
|
interest |
0 |
0 |
|
total expenses |
272 |
414 |
|
total |
33,326 |
22,060 |
|
Balance |
nil |
nil |
Explanation
The assets and liabilities show that the total assets have
grown 51% in 1999, compared to 1998. Both the contributions from sponsors as
well as the one-time donations have grown considerably compared to 1998.
There has been no sale of Vim in 1999. 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, despite the growth of the assets, the share from the sponsors has become smaller. There have been two remarkable large one-time donations, which causes this ratio to be different in 1999.
|
Assets in percentages |
1999 |
1998 |
|
sponsor contributions |
47 % |
60 % |
|
one-time donations |
53 % |
40 % |
|
sale of Vim |
0 % |
0 % |
| |
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 1999 was 0.8% 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.
|
Balance at December 31
(in Dutch guilders) |
1999 |
1998 |
|
1999 |
1998 |
| |
|
|
Fixed assets |
nil |
nil |
|
Fund balances |
3,112 |
5,534 |
To be send to the project in Uganda |
3,112 |
5,534 |
|
total |
3,112 |
5,534 |
|
3,112 |
5,534 |
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 1999 than they were in
1998, but still quite high. The reason is that quite a few of the donations
are received in December. Early 2000 most of the balance will be send to
Uganda. To reduce banking costs larger amounts are transferred at a time.
Expectations for 2000
January 2000 there are 36 sponsors. The monthly income is fl 1317. We
hope to further increase the number of sponsors in 2000. Therefore we expect
that the total income from sponsors will be higher in 2000.
The income from one-time donations and sale of Vim are, considering their
incidental nature, hard to predict. Considering that two large donations have
been received in 1999, it is very well possible that the income from one-time
donations will decline in 2000.
Venlo, February 16, 2000,
Bram Moolenaar, treasurer.
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