Page 37 - ChildLife Annual Report 2019
P. 37

                        Ratios of expenditure:
Amounts in Euros
Expenditure to projects / Total income
Expenditure to projects / Total expenses
Costs fundraising / income fundraising
Costs management and administration / Total expenses
Actual 2019
Budget 2019
Actual 2018
   78%
78%
18%
4%
 75%
78%
18%
4%
  110%
84%
17%
3%
   The ratio expenditure to projects in relation to total income is 78%. This indicates which part of income is spent on projects.
The ratio expenditure to projects in relation to total expenses is 78%. This indicates which part of total expenses is spent on projects.
In 2019 the ratio costs for fundraising is 18%. This ratio indicates the relation between costs of fundraising and total income of fundraising.
The ratio management and administration is 4%. This ratio indicates which part of total expenses was spent on management and administration costs.
Expectations for the year 2020
The total forecasted income for 2020 is € 462.093. Income is planned from multiple funding streams including direct mail, foundations, businesses and special events. Funds to programs in 2020 are budgeted at € 341.774 of which € 243.986 will be spent on Development Aid. The Gifts in Kind program will be reorganised and reduced.
ChildsLife focuses on achieving the funds to implement projects, to maintain a balanced budget and increase the continuity reserve. ChildsLife will continue to carefully invest in fundraising activities that will lead to increased income whilst keeping costs to a minimum.
  ChildsLife | Financial Report 2019
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