Page 36 - ChildLife Annual Report 2019
P. 36

                                      The results of reserves for 2019:
Amounts in Euros
- Continuity reserve
- Designated reserves - Designated funds
Total
Continuity reserve
Actual 2019
127
Budget 2019
32.303
Actual 2018
-269.018
 33.519
-17.436
-15.955
 32.303
0
0
  -102.131
-206.426
39.540
      In 2019 the continuity reserve increased by € 33.519 as a result increased undesignated donations.
Designated reserves
Designated reserves (inventory and tangible fixed assets) decreased by € 17.000. This decrease is mostly due to the fact that in 2019 incoming goods amounted to € 128.000 whilst ChildsLife managed to distribute relief good to projects to a value of € 145.000 based on existing inventory.
Designated funds
In 2019, a total of € 111.000 was received in designated funds and an overall total of
€ 127.000 was released. Funds were used to support all projects in the ChildsLife Live, Learn, Earn Program.
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