Annex A - Budget 2018 Budget 2018
Income: Private individuals
7,693,344
Companies
1,020,552
Government subsidies
7,615,000 121,500
Affiliated non-profit organisations Other non-profit organisations
2,328,073 18,778,469
Total income raised
Income in exchange for the delivery of products and/or services
3,433,924 0
Other income
3,433,924 Total income
22,212,393
Expenses: Spent on objectives 845,815
Awareness Relief and rehabilitation
7,070,169
Enterprising people
6,075,102
Community based care and protection
4,532,835 18,523,921
Fundraising expenses
1,447,200
Management and administration expenses
1,100,902
Total expenses
21,072,023
Balance of income and expenses
1,140,370 5,000
Financial income and expenses Budgeted surplus
1,145,370
Forecasted benchmark percentages: Spent on objectives as percentage of total income
83.4%
Spent on objectives as percentage of total costs
87.9%
Fundraising as percentage of total income raised
7.7%
Management and administration as percentage of total costs
5.2%
The budget for 2018 is conservative. We anticipate a decrease in income due to further decrease in income in kind to be shipped to project countries. The budgeted income for government grants is also conservative, with opportunities for increase as project proposals are approved. We aim to further strenghten our reserves by budgeting for a surplus so that financial solvency is further restored to the point deemed necessary.
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