Page 38 - CHI-1055 jaarverslag-2021
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The results of reserves for 2021:
Amounts in Euros
- Continuity reserve
- Designated reserves - Designated funds
Total
Continuity reserve
Actual 2021
-178.858
Budget 2021
-102.157
Actual 2020
264.030
14.872
-136.405
-57.324
-102.157
0
0
249.494
35.829
-21.292
38
In 2021 the continuity reserve increased by € 14.872.
This increase is mostly due as a result of increased legacy donations.
Designated reserves
Designated reserves (inventory and tangible fixed assets) decreased by € 136.000. This decrease is due to the move of ChildsLife The Netherlands to a new office without warehouse capacity. The warehouse was fully cleared and sent to projects.
Designated funds
In 2021, a total of € 163.000 was received in designated funds and an overall total of
€ 221.000 was released. Funds were used to support all projects in the ChildsLife Live, Learn, Earn Program.
