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 to the other foundations. 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 2007 (€)
Assets 31 dec 07 31 dec 06
Tangible fixed assets
computers and software 17.807 0
 
Current assets
Accounts receivable
billable development costs for training 0 14.318
advances on brand rights 0 434
debtors 15.939
other accounts receivable 3.111
Total accounts receivable 19.050 14.752
Total liquid assets
bank 19.743 30.302
Total liquid assets 19.743 30.302
Totaal activa 56.600 45.054
Liabilities    
Short-term debts
capital transfer tax 0 5.511
to be paid costs 17.257 5.162
Net4kids Continuity Fund 24.855 20.314
Net4kids Aid Foundation 14.488 14.067
Total short-term debts 56.600 45.054
Total liabilities 56.600 45.054

Commentary on the balance

Tangible fixed assets
The tangible fixed assets include inventory and furnishings, various computer systems and the website. The increase in tangible fixed assets is due to the acquisition of a number of laptop computers and activation of the renewed website.

Accounts receivable
This item is composed almost entirely of regular accounts receivable.

Statement of income and expenditure (€)
2007
2006
Income
received sponsorship money 73.893 17.028
Income from fundraising 73.893 17.028
Expenditure
Operating costs
personnel costs 60.710 55.856
write-offs 1.850 233
general costs 65.622 67.773
Total operating costs 128.182 123.862
Special income and expenditure
contribution from Net4kids Continuity Fund 52.894 106.757
costs of capital transfer tax to Net4kids Aid Foundation 1.003 0
Total special income and expenditure 53.897 106.757
Operating result -392 -77
Financial income 392 77
Balance of statement of income and expenditure 0 0


Commentary on the Statement of income and expenditure

Thanks primarily to the contribution of Ton aan de Stegge, sponsor funds for the organisation have grown significantly. The required coverage from the Continuity Fund was significantly lower because of this.

The operating costs only increased slightly this year, by 3.5%, to a total of € 128,182. Higher expenditure was budgeted for 2007 (€ 199,358). The lower actual costs compared to the budgeted costs are primarily caused by the lower than expected costs for the new website, and not filling a number of budgeted job vacancies.

The total operating costs of € 128,182 include all costs, both fundraising costs and executive costs for each of the three foundations, and represent 20.7% of total donations this year. This percentage is once again a significant improvement compared to last year (24.3%). 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 of the Net4kids Continuity Fund.