Annual report 2009 - Handicap International

xz Financial reportChanges in sources and utilisation of fundsAfeature of 2009 was a bigger budget for social missionsabroad, in spite of the decrease in the Association’sbudget overall. This is confirmation of the prioritiesand the choices set at the time of building the budget:a reduction in structural costs and costs of seeking new donors,without adversely impacting the volume of operations.An increased budget for social missionsBetween 2008 and 2009, total utilisation of funds fell fromUS$113.2 million to US$108.2 million. This was due in largepart to the significant decrease (US$2.8 million) in expensesallocated to finding new donors and related public relationswork (database administration expenses). Althoughutilisation of funds for activities decreased significantly (fromUS$105.7 million to US$103.2 million), the social missionsbudget increased by US$0.8 million (from US$83.4 millionto US$84.2 million).Within the social missions, educational development workexpenditure – particularly raising public awareness to thedangers of landmines, in conjunction with the InternationalCampaign to Ban Landmines – was significantly less in 2009(down US$2 million). There was also a significant reductionat head office of the expenses of steering and administeringmissions abroad (down US$673 thousand). Refocusing oncountries with the lowest human development index (HDI)resulted in a drastic reduction in operations in mainlandFrance.(in million US$) Rate 1.4406Expenditure 2009 2008Social missions 84.2 83.4Fundraising expenses11.7 14.5incl.General publicOther private funds and other grants11.00.813.80.8Administrative costs 7.3 7.8Used in activities 103.2 105.7Costs of commercial activitiesCharges to provisions(after deducting write-backs fromprovisions of a similar type)Funds allocated and carried forward to thenext financial year3.60.80.63.72.71.0Total expenditure,before contribution in kind108.2 113.2The volume of social mission work abroad increasedby f3 million, mainly for programmes managed by theDevelopment Department, particularly in Asia, the Balkansand the Middle East. Significant transfers of operationsshould be noted: the support to Handicap International’spartners for mine clearance in the Balkans has become aDistribution of expenditure81.7%78.9%11.3%200913.7%20087%7.4%Social missionsFundraising expensesAdministrative costs24 ı Annual report 2009