Net4kids Organisation

All activities and costs required for fundraising, back office and infrastructural support of the Net4kids Aid Foundation and the Net4kids Continuity Fund are provided by the Net4kids Organisation. All services are provided by the Net4kids Organisation free of charge.

Activities within the Net4kids Organisation are largely executed by volunteers, with companies providing services free of charge as well. The goal is to try to cover all costs via donations from organisation sponsors.

Balance as per 31 december 2006 (€)
Assets
31dec06
31dec05
Tangible fixed assets
computers and software 0 233
Current assets
Account receivable
billable development costs for training 14.318 0
advances on brand rights 434 434
Total accounts receivable 14.752 434
Liquid assets
bank 30.302 14.735
Total liquid assets 30.302 14.735
Total assets 45.054 15.402
Liabilities 31dec06
31dec05
Short-term debts
capital transfer tax 5.511 9.295
to be paid costs 5.162 13.967
Net4kids Continuity Fund 20.314 -23.481
Net4kids Aid Foundation 14.067 15.621
Total short-term debts 45.054 15.402
Total liabilities 45.054 15.402

Commentary on the balance

Tangible fixed assets
The tangible fixed assets include inventory and furnishings, a PC system and a website which originally cost € 27,055 and has since been fully written off.

Accounts receivable
The item ‘billable development costs for training’ refers to a training given within the framework of the Change for Children Project. These costs were advanced by the Net4kids Organisation, and will be reimbursed in 2007 from the MFS subsidy.

Statement of income and expenditure (€)
2006
2005
Income
received sponsorship money 17.028 16.000
Income from fundraising 17028 16.000
Expenditure
personnel costs 55.856 33.582
write-offs 233 930
general costs 67.773 86.006
Total operating costs 123.862 120.518
Special income and expenditure
contribution from
Net4kids Continuity Fund		 106,757 106.539
costs of capital transfer tax to Net4kids Aid Foundation 0 2.081
Total special income and expenditure 106.757 104.458
Operating result -77 -60
Financial income 77 60
Balance of statement of income and expenditure 0 0

Commentary on the Statement of income and expenditure

Operating costs grew slightly this year to € 123,863, exceeding the annual budget for this year (€ 120.518) by 3.1%. Personnel costs were higher than last year due to the appointment of a (partially) salaried general manager. The general costs were lower due to decreased IT and web costs, as the manager decided no longer to declare his billable hours in the first half of the year.

The sponsorship money received for the organisation was disappointing, amounting to only € 17,028. This required a contribution of € 106,757 from the Continuity Fund in order to cover operating costs.

The total operating costs of € 123,862 include all costs, both fundraising and operational costs for each of the three foundations. The total operating costs as a percentage of total donations amount to 24.3% this year and – as shown by the graph in chapter 11.5 – display a positive trend. Again, these costs do not affect projects or donations. 100% of donations goes to the projects we support. Any shortfall in operating costs for the Net4kids Organisation is covered by contributions from the Net4kids Continuity Fund.