Annual report 2009 - Handicap International

xz Financial reportMoney raised from the general public:a guarantee of independence and efficiencyThe new presentation of the CER (statement of utilisationof funds) (p.23) clearly shows the leveraging effectof funds raised from the general public in obtainingthe funding applied for from institutional donors. It is thebalanced combination of these two types of funding whichenables Handicap International to fund its programmesthroughout the world, to safeguard its independence and tocontinue its work in the long term.These two sources are in fact interdependent because,usually, institutional donors only give funding to associationswhich can demonstrate their ability to co-financea significant proportion of the projects involved. Financialsoundness is therefore a guarantee of credibility, commitmentand viability. At the end of 2009, Handicap International’sAssociation funds stood at US$28.1 million, of whichUS$8.76 million was in funds received but not yet utilised.In addition to the necessary credibility, they provided securityfor coping with fluctuations in funding receipts, as in2008, thereby safeguarding the social missions. They madeit possible to advance the cash to programmes in the fieldneeded to initiate this work, pending receipts of funds frominstitutional providers.For each US dollar of funds raised from the public spenton social missions, US$1.40 is received from institutionaldonors. By raising funds from the public, the Associationscales up its field operational capacity spectacularly: foreach US$1.00 spent on initial fundraising, US$5.60 are finallyutilised in social missions.(in thousands US$) Rate 1.4406Social missionsFundraising expensesOperating expenses26 ı Annual report 2009EXPENDITUREUses of funds fromresources raised fromthe public35,631.614,631.63,512.7Uses of fundsfrom otherresources48,601.7421.44,035.7TOTAL200984,233.315,053.07,548.5Total expenditures for the financial year 53,776.0 53,058.9 106,834.8Charges to provisionsFunds allocated and carried forward to the next financial year1,102.1583.41,102.1583.4Total expenditure 53,776.0 54,744.3 108,520.3Proportion of gross fixed assets for the period financed from resourcesraised from the publicReversal of amortisation charges on fixed assets financed fromresources raised from the public since adoption of the new regulations343.0– 561.5Total uses financed from resources raised from the public 53,557.5INCOMETotal income2009Monitoring of funds raisedfrom the general publicNon-designated, unused resources raised from the public in previous periods broughtforward at the start of the period 5,784.3Resources raised from the public 56,299.9 56,299.9Other private funds 8,058.7Total resources raised from the public 64,358.6Grants and other public subsidies 44,262.1Other income 1,381.2Total income this financial year 130,098.4Provisions write-backUnutilised prior period designated resources brought forward1,538.3818.1Change in dedicated funds raised from the public 234.7Total income 132,454.8 62,318.8Total uses financed by resources raised from the public – 53,557.5Balance of resources raised from the public not used and not designated at the period end 8,761.3