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Kids & Future Foundation Annual Report 2010 Sustainable Hope Report

Kids Remember you

The


Hope, a beautiful blossom of miracle,

Kids & future

Contents 03

Introduction

04

Welcome

05

2010 Highlights

06

Projects Review

09

Fundraising Results

12

2010 Account Settlement Overview

13

Audit Report

17

Volunteers

18

Organization


Introduction Kids&Future, a private independent foundation, was established by funds of like-minded venture companies in March 2000. Going beyond providing financial or material support, K&F has conducted practical and differentiated projects that open doors for kids and youth to design their own future.

Mission

Kids&Future’s mission is to provide kids and youth with learning and playing opportunities and to help them prepare actively for their future.

Vision

Our vision is to build a brighter future for today’s kids and youth by encouraging their imagination and dreams. As a human service organization addressing poverty and health issues, we are seeking to contribute to the well-being of kids and youth all over the world.

Core Values

Dream, Creativity, Passion, Implementation, Trust

Organization Name

Social Welfare Foundation Kids & Future

Chairman Board

Song Ja

ID Number

120-82-05310

Location

5th Fl. Noonnopi Boramae Center 729-21 Bongcheon dong, Gwanak gu, Seoul, Republic of Korea

Establishment Approval

Approval No. 114671-0026260 by Ministry of Health and Welfare

Applicable Law for Approval

Social Welfare Business Act Article 16

Established Date

March 28, 2000

Donation Deduction

Designated donated amounts, which are donations according to Income Tax Act Article 34 Paragraph 1, are eligible for tax deduction for applicable groups -20% for individual and 5% for corporation

BSC Strategies Perspectives

Strategies

Customer Perspective

Strengthening network and partnership

Internal Processes Perspective

Developing sustainable management system

Learning and Growth Perspective

Positioning as a professional private independent foundation

Financial Perspective

Focusing on Transparency and Accountability

The Kids Remember you 3


Welcome

I would like to express deep appreciation to all of you who have shown warm heart to Kids and Future Foundation. With your constant love and support, kids and youth see the harsh winter go and welcome the warm spring season.

Since 2000, K&F has provided various services in the best of our ability for 11 years to kids and youth suffered in places where there' s no hope and assistance. Unexpected barriers failed to stop our continuous supports and activities for kids and youth, and over a thousand community centers are involved in our CSR projects, Sponsorship projects, and Community Development projects. In 2010, approximately 5 billion KW have donated to K&F, and therefore, we exceeded the fundraising goal by 126%. K&F has tried to expand fundraising channels through developing individual donors and stimulating in-kind donations as well as promoting numerical growth. As a bridge connecting donors to kids and youth, and vice versa, K&F will continue providing appropriate services to kids and youth and transparent information to donors. Not limited to domestic projects, K&F has just started an international development project for kids and youth in Burundi, one of the poorest countries in the world. Thus, providing educational materials such as small libraries, books written in native language, and school supplies, will be the first goal for K&F. All these things would be possible through constant supports from benevolent corporations, local community centers, and individual donors. K&F promises that we will satisfy all stakeholders' expectations, and we are always welcoming your comments and advice on our activities. Thank you very much. March 2011

Chairman

4

Welcome


2010 Highlights January ㆍInstructor workshop - Samsung Securities Financial Education for Youth ㆍHeld a stakeholders’ meeting for KIAMCO sponsorship project

July ㆍStarted ‘Nanum Webtoon (web + cartoon)’ volunteer group ㆍEnglish Camp with Kookmin Bank

February ㆍAward ceremony for reading reports - Brighter hope with books sponsored by Hyundai Steel

August ㆍAn on-line campaign for youth to prevent suicide with SK Telecom ㆍMOU ‘Switch on Hope’ with Sebang Lee Eui Soon Foundation ㆍMOU ‘Shinhan Card Arumin Library’ with Shinhan Card

March ㆍOn-line event to celebrate K&F’s 10th anniversary ㆍHanppyeom Library with IGM7SP alumni association ㆍLaunched Wish Lamp project

September ㆍMoonwha Ilbo interviewed the chairman ㆍHanppyeom Library with Burberry Foundation

April ㆍStarted on-line campaign, ‘Let’s protect our eyes’ ㆍFamily camp with HAN WHA for disabled kids and youth May ㆍHanppyeom Library with Tapex ㆍ‘Soccer Class for disabled kids and youth with a former soccer player, Yoo Sang Chul, sponsored by HAN WHA ㆍAwarded ‘Korea Sharing Awards’ from Nanum News

November ㆍAwarded Korean Sustainability Reporting Reader’s Choice Award by Korean Standard Association - Public/NGO Sector ㆍ‘Hope Spring Funds’ awarded Korean PR Award in CSR Sector by Korea Public Relation Association

June ㆍStarted caricature event with individual donors ㆍAn Auction Event with MK Economy ㆍHold ‘Summer Camp’ for disabled kids and youth with HAN WHA

Awards

Emblem

October ㆍExecuted public art event as an activity of ‘Art Maru’ with POSCO ㆍHold ‘Hope Calligraphy’ event with Astrazeneca

December ㆍOpening ceremony for the first Shinhan Card Arumin Library ㆍ‘Wish Lamp’ executed on-line Christmas event for 100 kids and youth ㆍThe fifth White Sale event with Seoul Auction Award

Date

Sponsor

November 16

Korean Standard Association

Date

Sponsor

May 07

Nanum News

Korean Sustainability Reporting Readers’ Choice Award Public/NGO Sector

Emblem

Award Korea Sharing Awards The Chairman of Education, Science, and Technology Committee in The National Assembly

The Kids Remember you 5


Projects Review In review of 2010 project activities, it is notable that all figures are considerably extended and expanded. Kids and Future Foundation supported 45 community organizations, 87,919 kids and youth, and 1,629 social welfare facilities in 2010. The expenditure represents the sum of 2009 carryover and the newly donated amounts in 2010. ‘Project Period’ denotes the total project period, and all evaluations were conducted based upon 2010 project activities

Progresses in recent 3 years The followings show progresses K&F has achieved in recent 3 years. Every single area, except the number of donors (organizations), has expanded due to continuous project development and constant efforts in fundraising. Especially, K&F seeks to be efficient in human resources through encouraging volunteers and actively collaborating with partners.

68

37 31

4,806,362,307

31 45

40

3,205,452,231 2,423,054,539

2008

2009

2008

2010

2009

2010

2008

Number of Donors (organizations)

Number of Projects

Expenditures

4,511

1,629

87,919

3,209

1,204 54,167

916

25,278

2008

918

2009

2010

Number of Beneficiaries (kids and youth)

6

Projects Review

2009

2008

2009

2010

Number of Beneficiaries (organizations)

2008

2009

2010

Number of Volunteers

2010


2010 Overview Number of projects

Number of donors (organizations)

Expenditures

31

45

4,806,362,307

Number of beneficiaries (kids and youth)

Number of beneficiaries (organizations)

Number of volunteers

87,919

1,629

4,511

Total

Total

Expenditures Total

Supporting Funds

Education/Workshop

Program Activities

Amounts

4,806,362,307원

1,955,276,868원

61,878,902원

549,645,448원

Percentage

100%

40.68%

1.28%

11.44%

Monitoring/Evaluation

PR

Project Operating

Project Mgmt

2011 Carryover

Amounts

36,679,880원

89,286,450원

33,143,880원

276,742,598원

1,803,708,281원

Percentage

0.77%

1.86%

0.70%

5.75%

37.52%

Education/Workshop Monitoring/Evaluation

Project Mgmt

2011 Carryover

5.75%

37.52%

40.68%

1.28%

0.77%

Project Operating

PR Supporting Funds

0.70% 1.86%

11.44% Program Activities

CSR Projects K&F has developed education, culture, arts, and IT projects to support kids and youth so that they would increase life skills and prepare actively for their future. To secure qualified projects, we provide consulting services to partners in every step. And, to encourage efficiency, we provide empowerment services and operating manuals to beneficiaries. Total

Supporting Funds

Education/Workshop

Program Activities

Amounts

1,833,800,864

678,311,621

59,899,802

455,398,607

Percentage

100%

37%

3.2%

24%

Monitoring/Evaluation

PR

Project Operating

Project Mgmt

2011 Carryover

Amounts

35,072,620

48,199,200

24,079,319

161,804,230

371,035,465

Percentage

1.5%

2%

1.3%

8%

23%

Supporting Funds

Program Activities 2011 Carryover

24%

37%

8%

Monitoring/Evaluation PR 1.5%

3.2%

1.3%

Project Operating

Project Mgmt

23%

2%

Education/Workshop

The Kids Remember you 7


Sponsorship Projects K&F has provided sponsorship projects to kids and youth from cancer patient’s families, single parent families, and low-income families with not only financial support but also emotional support to encourage them to have a brighter future. Total

Supporting Funds

Education/Workshop

Program Activities

Amounts

500,149,455

265,466,900

1,979,100

52,941,495

Percentage

100%

53%

0.4%

10.6%

Monitoring/Evaluation

PR

Project Operating

Project Mgmt

2011 Carryover

Amounts

1,607,260

187,000

1,231,650

29,550,000

147,186,050

Percentage

0.3%

0%

0.3%

6%

29.4%

Education/Workshop

2011 Carryover Monitoring/Evaluation Project Mgmt

29.4%

Program Activities

0.4%

53%

0.3%

10.6%

0.3%

6%

Supporting Funds

Project Operating

Community Development Projects K&F has supported community-based social welfare facilities through mentoring programs, education programs, and facility repair programs. In addition, K&F has provided other programs with which kids and youth learn by direct and actual experience. Total

Supporting Funds

Education/Workshop

Program Activities

Amounts

2,195,760,581

735,580,940

41,305,346

Percentage

100%

33.50%

-

Monitoring/Evaluation

PR

Project Operating

Project Mgmt

2011 Carryover

-

40,600,250

7,698,911

85,088,368

1,285,486,766

1.89%

0.35%

3.83%

58.54%

Amounts Percentage Supporting Funds

2011 Carryover 1.89%

33.50%

1.89%

Program Activities

Project Operating

PR

3.83%

0.35%

1.89%

Project Mgmt

58.54%

In-kind Supporting Projects K&F has promoted in kind donations since 2000, and various types of donations - shoes, clothes, movie tickets, books, and school supplies - have been provided to kids and youth. We encourage donors and receivers to use the website (www.donation.or.kr), and the figures in the website are not included in the table.

8

Supporting Funds Project Mgmt 0.12%

Project Operating

0.12%

99.7%

0.06%

Total

Supporting Funds

Education/ Workshop

Program Activities

Monitoring/ Evaluation

Amounts

276,651,407

275,917,407

Percentage

100%

99.7%

-

-

-

Projects Review

PR

PR

Project Operating

Project Mgmt

300,000

134,000

300,000

0.12%

0.06%

0.12%

2011 Carryover

-


Fundraising Results 2000 ~ 2010 Fundraising Progersses Funds irregularly fluctuated before 2005, but have shown a constant increase since then. In 2010, the 10th anniversary, the funds ranked the 2nd highest amount, followed by the year of 2000. A total amount of funds for 11 years is ₩22,079,711,028, and an average by year is ₩2,007,246,457.

2000 ~ 2010 Fundraising Progersses Amounts (KW)

7,000,000,000

Amounts

6,000,000,000 5,000,000,000 4,000,000,000 3,000,000,000

Results by Months Organizations/ Corporations

Individuals

구분

Amounts

Total

Organizations (Corporations) Number

Amounts

Number

2009년

₩259,005,637

2,026

₩2,463,661,918

46

2010년

₩346,488,400

3,048

₩4,188,274,866

68

In Kind

구분

In Kind

20 10

Total Amounts

₩22,079,711,028

20 09

₩4,761,414,673

20 08

2010

Amounts

Total Number

Amounts

Number

2009년

₩101,408,900

11

₩2,824,076,455

2,083

2010년

₩226,651,407

9

₩4,761,414,673

3,125

Month

Individuals

Jan

₩20,913,582

₩616,250,251

-

₩637,163,833

Feb

₩20,601,656

₩37,727,444

₩3,310,000

₩61,639,100

Mar

₩20,024,871

₩240,010,419

-

₩260,035,290

Apr

₩16,238,859

₩136,992,500

₩6,150,000

₩159,381,359

May

₩37,729,295

₩386,380,000

₩3,400,000

₩427,509,295

June

₩17,231,623

₩122,921,655

-

₩140,153,278

July

₩13,969,428

₩395,806,025

₩40,200,000

₩449,975,453

Aug

₩14,585,069

₩18,700,000

-

₩33,285,069

Sep

₩16,909,617

₩173,617,000

₩28,500,000

₩219,026,617

Oct

₩44,218,069

₩103,887,632

-

₩148,105,701

2,000,000,000

Nov

₩21,331,601

₩841,131,940

-

₩862,463,541

1,000,000,000

Dec

₩102,734,730

₩1,114,850,000

₩145,091,407

₩1,362,676,137

Total

₩346,488,400

₩4,188,274,866

₩226,651,407

₩4,761,414,673

Amounts (KW)

Results by Month Individuals

5,000,000,000

Organizations/ Corporations

In Kind

Total

4,000,000,000 3,000,000,000

Month To tal

₩2,824,076,455

2010 Overview

De c

2009

20 07

₩2,155,930,831

No v

2008

20 06

₩1,774,632,510

Se p

₩1,105,396,987

2007

Oc t

2006

20 05

₩499,420,328

Au g

2005

20 04

₩582,711,398

Ju ly

₩773,415,970

2004

Year

0 20 03

2003

1,000,000,000

Ap r

₩1,626,891,414

Ju ne

2002

2,000,000,000

20 02

₩141,981,945

Ma r

2001

20 01

₩5,833,838,517

Fe b

2000

Ja n

Amounts

20 00

Year

The Kids Remember you 9


Individual Donors Statistics By Gender No. of Donors

Male

Female

No Answer

1,342

936

770

Amounts

₩213,761,016

₩91,141,266

Others

Total

₩35,022,910

3,048 ₩6,624,293

₩346,549,485

By Gender Number

25.26%

30.71%

No Answer

44.03%

Female

Male

By Age Age

1~9s

No. of Donors

2

Amounts

₩25,000

10s

No. of Donors By Age

20s

30s

40s

50s

33

305

1,092

615

160

₩2,132,376

₩12,741,465

₩84,485,587

₩114,521,884

₩38,911,306

1200

1,092

1000 Age

60s

70s

80s

90s

No Answer

Others

Total

No. of Donors

55

14

-

2

770

-

3,048

Amounts

₩48,303,491

₩3,550,803

-

₩230,370

₩35,022,910

₩6,624,293

₩346,549,485

770

800

615

600 400

305

200

160 -

2

By Region No. of Donors

Amounts

Gangwon

13

₩2,019,734

Kyungki

236

₩36,293,511

Kyungsang

21

₩2,188,565

Kwangju

8

₩385,759

Taegu

5

₩89,797

Daejeon

11

₩2,242,704

Pusan

16

Seoul

1,420

Ulsan

6

₩512,141

Incheon

24

₩1,328,386

Jeonla

14

₩882,072

Jeju

2

₩107,659

Choongcheong

18

₩1,381,068

No Answer

1,254

₩36,759,880

Others

-

₩6,624,293

Total

3,048

10 Fundraising Results

₩3,619,000

No. of Donors By Region 1,500

1,420 1,254

₩252,114,916

₩346,549,485

1,000

500 236

-

13

21

8

5

11

16

6

24

14

2

18

Ga ng w Ky on Ky ung un ki gs a Kw ng an gj Ta u eg Da u eje on Pu sa n Se ou l Uls Inc an he o Je n on la Ch oo ng Jeju ch No eon An g sw er

Region

No 90s An sw er

14

1~ 9s 10 s 20 s 30 s 40 s 50 s 60 s 70 s 80 s

0

55

33

2


Organizations (Corporations) By Industries

By Period Period

No. of Donors

Number

Amounts

Amounts

less than 6 months

1,609

₩111,743,558

Construction

less than a year

239

₩16,022,610

Education

5

₩4,269,070

9

₩2,838,480,000

2

₩1,160,000

less than 2 years

190

₩7,876,554

Finance

less than 3 years

47

₩7,733,000

Media

1

₩1,000,000

less than 4 years

42

₩6,771,000

Service

17

₩127,077,650

less than 5 years

466

₩51,720,000

Supply Chain

11

₩371,248,995

3

₩2,120,000

less than 6 years

102

₩35,485,000

Printing

less than 7 years

329

₩55,893,470

Pharmaceutical

2

₩48,500,400

over 7 years

24

₩46,680,000

Manufacturing

6

₩724,815,169

Others

-

₩6,624,293

IT

1

₩1,000,000

Total

3,048

Others

11

₩68,603,582

Total

68

₩4,188,274,866

₩346,549,485

Events/Campaigns

Corporations

K&F has implemented diverse events and campaigns to support kids and youth. The purpose of the events and campaigns is to help individuals and corporations donate more easily and to expand donation culture in the society.

₩5,000,000원 ~ ₩10,000,000

,

,

₩10,000,000 ~ ₩50,000,000

, 에드에이스,

,

,

,

,

₩50,000,000 ~ ₩100,000,000

, KTB투자증권

,

,

,

한영회계법인,

Amounts 2010 Performances

, Number

8

Number of donors - organizations

155

Number of donors - individuals

20,946

Total Amounts

₩97,941,857

Number of beneficiaries

1,292

₩100,000,000 ~ ₩500,000,000

,

,

,

₩500,000,000 ~ ₩1,000,000,000

₩1,000,000,000

,

The Kids Remember you 11


2010 Account Settlement Overview Revenues and Expenditures Revenue Property Revenue

₩3,000,000,000

Previous Year Revenue

Carryover

₩126,828,474

Designated Donations Property Revenue

Interest Incomes

Previous Revenue

Previous Revenue

₩1,033,106,626

₩28,217,130

Undesignated Donations

₩130,000,000

General Donations

₩260,166,685

International Designated Donations Donations

Others Property Revenue

Designated Donations

₩987,000,000

General In Kind Donations

₩179,987,300

52.3%

Carryover

₩54,005,042 ₩3,103,591,539

CSR Donations

Designated In Kind Donations

0.1%

1.5%

45.8%

0.3% Previous Revenue

₩46,664,107

Other Interest Incomes Others

Donations

₩137,598,123

₩207,083

Others

₩6,561,554

Interest Incomes from Designated Donations

₩1,103,441

Others

₩9,095,037,104

Expenditures CSR Project Costs Project Costs

General Costs

Project Costs

₩395,505,305

Community Development Project Costs

₩849,706,921

In Kind Supporting Project Costs

₩216,640,107

Fundraising & Marketing Costs

₩40,166,941

Overhead Costs

₩29,163,893

Office Expenses

₩700,603,405

Property Organizing Costs

₩12,181,800

Previous Year Expenses

₩24,983,820

Carryover

₩5,520,036,436

Total

₩9,095,037,104

Carryover

Office Expenses

30.5%

Previous Year Expenses

7.7%

0.2% 0.1%

Property Organizing Costs

12

Sponsorship Project Costs

General Costs

0.7%

2010 Account Settlement Overview

₩1,306,048,476

60.8%


Audit Report The Board of Directors Kids & Future We have audited the accompanying statements of financial position of Kids & Future (the “Foundation�) as of December 31, 2010, and the related statements of activities, and cash flows for the years then ended. These financial statements are the responsibility of the Foundation’s management. Our responsibility is to express an opinion on these financial statements based on our audits. The financial statements of the Foundation as of December 31, 2009, presented for comparative purposes, were audited by Deloitte Anjin LLC whose report dated March 17, 2010, expressed an unqualified opinion on those statements, and we do not express an opinion on them. We conducted our audits in accordance with auditing standards generally accepted in the Republic of Korea. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provides a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the Foundation as of December 31, 2010 and the results of its financial performance and its cash flows for the years then ended in conformity with accounting principles for private, non-profit and social welfare foundations established under the Social Welfare Act of the Republic of Korea and, where applicable, accounting principles generally accepted in the Republic of Korea. We have also reviewed the translation of the 2010 financial statements mentioned above into United States dollar amounts on the basis described in Note 2 to the accompanying financial statements. In our opinion, such statements have been properly translated on such basis. Accounting principles and auditing standards and their application in practice vary among countries. The accompanying financial statements are not intended to present the financial position, results of financial performance, and cash flows in accordance with accounting principles and practices generally accepted in countries other than the Republic of Korea. In addition, the procedures and practices utilized in the Republic of Korea to audit such financial statements may differ from those generally accepted and applied in other countries. Accordingly, this report and the accompanying financial statements are for use by those who are knowledgeable about Korean accounting principles, both accounting principles for private, non-profit and social welfare foundations established under the Social Welfare Act of the Republic of Korea and accounting principles generally accepted in the Republic of Korea, and auditing standards and their application in practice. February 25, 2011

The Kids Remember you 13


Financial Statement Statements of financial position As of December 31, 2010 and 2009

Kids & Future

Amounts (KW)

Korean won in thousands 2010

Translation into US dollar(Note 2)

2009

2010

Assets Current assets : Cash and cash equivalents(Notes 2, 3 and 4)

₩2,703,106

₩1,159,935

US$ 2,373,436

Short-term financial instruments(Notes 2, 3 and 10)

₩1,200,000

₩590,767

US$ 1,053,648

₩749,849

₩782,489

US$ 658,398

₩10,011

-

US$ 8,790

₩4,662,966

₩2,533,191

US$ 4,094,272

Other accounts receivable Inventories Total current assets Non-current assets :

₩7,000

₩503,850

US$ 6,146

Held-to-maturity securities(Notes 2, 6 and 10)

₩850,000

₩1,003,175

US$ 746,334

Long-term guarantee deposits(Note 10)

₩201,250

₩201,250

US$ 176,706

Property and equipment(Notes 2 and 7)

₩25,648

₩30,863

US$ 22,520 US$ 15,883

Available-for-sale securities(Notes 2, 5 and 10)

₩18,089

₩22,100

Total current assets

₩1,101,987

₩1,761,238

US$ 967,589

Total assets

₩5,764,953

₩4,294,429

US$ 5,061,861

₩94,470

₩15,657

US$ 82,949

₩8,997

₩9,327

US$ 7,900

₩103,467

₩24,984

US$ 90,849

Intangible assets(Notes 2 and 8)

Liabilities and equity Current liabilities : Other accounts payable Withholdings Total current liabilities Non-current liabilities : Total non-current liabilities Total liabilities

-

-

₩103,467

₩24,984

US$ 90,849

₩237,486

₩210,088

US$ 208,522

Temporarily restricted(Notes 2 and 11)

₩2,424,000

₩1,059,357

US$ 2,128,369

Permanently restricted(Notes 2 and 10)

₩3,000,000

₩3,000,000

US$ 2,634,121

Total net assets

₩5,661,486

₩4,269,445

US$ 4,971,012

Total liabilities and equity

₩5,764,953

₩4,294,429

US$ 5,061,861

Net assets : Unrestricted(Note 2)

See accompanying notes.

14

Financial Statement


Statements of activities For the year ended December 31, 2010 and 2009

Kids & Future

Amounts (KW)

2010 Revenues, gains and other support (Note 2): General donations Designated donations(Note 11) Commodity donations Stock donations Interest income(Note 11) Other revenues, net Operational expenses (Note 2): Programs: General social welfare activity Public activity Designated donation activity (Note 11) General and administrative expenses (Note 9) Other revenues, net

Korean won in thousands Translation into US dollar(Note 2) Temporarily Permanently Unrestricted Total Total restricted restricted ₩570,154

-

₩180,208 ₩11,211 ₩761,573

₩4,191,261

₩1,103 ₩4,192,364

-

₩291,525

₩2,533,371 ₩294,350 ₩2,827,721 ₩1,364,643 ₩1,059,357 ₩2,424,000

₩3,000,000 ₩3,000,000

₩12,335

₩429,163 ₩1,152 ₩734,175

Reclassification (Notes 2 and 11) Increase in net assets Net assets at beginning of year Net assets at end of year

2009 Revenues, gains and other support (Note 2): General donations Designated donations (Note 11) Commodity donations Stock donations Interest income(Note 11) Other revenues, net Operational expenses (Note 2): Programs: General social welfare activity Public activity Designated donation activity (Note 11) General and administrative expenses (Note 9) Other revenues, net Reclassification (Notes 2 and 11) Increase (decrease) in net assets Net assets at beginning of year Net assets at end of year See accompanying notes.

₩27,398 ₩210,088 ₩237,486

₩570,154 ₩4,191,261

₩181,311 11,211 ₩4,953,937

₩291,525 ₩12,335 ₩2,533,371 ₩723,513 ₩1,152 ₩3,561,896

₩1,392,041 ₩4,269,445 ₩5,661,486

US$ 500,618 US$ 3,680,096 US$ 159,198 US$ 9,844 US$ 4,349,756

US$ 255,971 US$ 10,831 US$ 2,224,402 US$ 635,274 US$ 1,012 US$ 3,127,490 US$ 1,222,266 US$ 8,328,802 US$ 9,551,068

Korean won in thousands Translation into US dollar(Note 2) Temporarily Permanently Unrestricted Total Total restricted restricted ₩351,116

-

₩176,115 ₩74,230 ₩601,461

₩2,472,960

₩766 ₩2,473,726

-

₩203,454

₩1,975,499 ₩153,696 ₩2,129,195 ₩344,531 ₩714,826 ₩1,059,357

₩3,000,000 ₩3,000,000

₩24,115

₩518,236 ₩1,442 ₩747,247 (₩145,786) ₩355,874 ₩210,088

₩351,116 ₩2,472,960

₩176,881 ₩74,230 ₩3,075,187

₩203,454 ₩24,115 ₩1,975,499 ₩671,932 ₩1,442 ₩2,876,442

₩198,745 ₩4,070,700 ₩4,269,445

The Kids Remember you 15


Statements of cash flows For the years ended December 31, 2010 and 2009

Kids & Future

Amounts (KW)

Korean won in thousands 2010

Translation into US dollar(Note 2)

2009

2010

Cash flows from operating activities: Cash inflows from general donations Cash inflows from designated donations Interest received Cash inflows from other operating activities Cash outflows for general social welfare activities Cash outflows for payroll and other operating cash payments Net cash provided by (used in) operating activities

₩560,143

₩351,116

US$ 491,828

₩4,191,261

₩2,472,960

US$ 3,680,096

₩163,835

₩195,900

US$ 143,854

₩6,503

₩26,197

US$ 5,710

(₩2,801,733)

(₩2,203,068)

(US$ 2,460,034)

(₩658,984)

(₩662,397)

(US$ 578,614)

₩7,000

₩503,850

US$ 6,146

(₩607,177)

Cash flows from operating activities: Decrease (increase) in short-term financial instruments

₩7,796

(US$ 533,126)

₩696,850

-

US$ 611,862

(₩7,527)

(₩3,064)

(US$ 6,609)

₩82,146

₩4,732

US$ 72,127

-

-

-

Net increase in cash and cash equivalents

₩1,543,171

₩185,440

US$ 1,354,967

Cash and cash equivalents at the beginning of the year

₩1,159,935

₩974,495

US$ 1,018,470

Cash and cash equivalents at the end of the year

₩2,703,106

₩1,159,935

US$ 2,373,437

Decrease in long-term financial instruments Acquisition of furniture and fixtures Net cash provided by (used in) operating activities Cash flows from operating activities:

See accompanying notes.

16

Financial Statement


Volunteers Volunteers Volunteers in K&F are actively involved in various areas such as administrative assistances, one-on-one mentoring programs, teaching activities, and outdoor activities. K&F encourages volunteers to use their specialty in volunteer areas. During the year of 2010, 4,511 volunteers participated in K&F programs for 53,757 hours. The number of volunteers was increased by 74%, and the estimated value was decreased, compared to 2009. We would like to say ‘Thank you very much’ to all volunteers.

Total donated volunteer hours and estimated value Total donated volunteer hours

Estimated Value

53,757

₩597,186,513

Male

Volunteers by gender

51.3%

Total

Female

Male

Female

Number

%

Number

%

Number

%

4,511

100.0

2,312

51.3

2,199

48.7

48.7%

Volunteers by age Total

10s

20s

30s

40s

Over 50

Number

%

Number

%

Number

%

Number

%

Number

%

Number

%

4,511

100.0

25

0.55

1,894

41.9

1,849

40.9

705

15.6

38

1.05

20s 10s 40s Over 50 1.05%

41.9% 30s

0.55%

15.6%

40.9%

The Kids Remember you 17


Organization Organization Chart

Kids & Youth all over the World Chairman Executive Director

Board of Directors

100 Persons Committee

Strategic Planning - Strategies, Planning, Research

Strategic Alliance Projects ㆍCSR project ㆍSponsorship projects ㆍCommunity Develpment projects

Public Relations - On/Off-line PR

Financial Education Projects ㆍFinancial Education projects

Fundraising & Marketing

Community Projects ㆍShinhan Card Arumin Library Project

Management Supporting

ㆍOn/Off-line Fundraising Activities ㆍCSR Consulting ㆍDonor Management

ㆍAccounting ㆍAdministration ㆍHR

Board of Directors Board of Directors is the top decisionmaking organization of K&F. It consists of 11 persons (Chief Executive Officer, Deputy CEO, 5 Directors, 2 Operating Directors, and 2 Auditors) who have different backgrounds. Board of Directors provides professional and constant supervision to K&F to make sure that the organization operates transparently and efficiently. Regular meetings are held twice a year and other meetings, if necessary, can be held.

Title

Name

Chairman

Song Ja

Deputy Chairman

Lee Jae Hong

CEO, Taeseong Company Consultation Co., Ltd.

Kim Han Sub

CEO, KTB Securities Co., Ltd.

Director

The goal of the committee is to promote Noblesse Oblige and encourage opinion leaders to be involved in K&F’s efforts to support kids and youth with practical and differentiated programs.

18

Organization

Kim Hae Rhyun

CEO, Adigm Co., Ltd.

Sohn Kyung Hee

Professor Emeritus, Yonsei University

Chung Moo Sung

Dean, Social Welfare Graduate School of Soongsil University

Joo Tae San Operating Director Auditor

100 Persons Committee

Position Advisor, Daekyo Co., Ltd.

CEO, Max Movie

Yang Ok Kyung

Professor, Department of Social Welfare, Ehwa Woman's University

Chang In Whan

CEO, KTB Asset Management

Choi Kyung Soo

Partner, Sam Kyeong Accounting Corp

Baik Young Bae

CEO, Yoo Young Industry Co., Ltd.

Staff: 25 employees Executive Director Strategic Alliance Projects Team: 9 staff

Financial Education Projects Team: 2 staff

Community Projects Team: 4 staff

Fundraising & Marketing Team: 3 staff

Public Relations Team: 2 staff

Strategic Planning Team: 1 staff

Management Supporting Team: 2 staff


Hope, a beautiful blossom of miracle,

Kids & future

For Donation Online www.donation.or.kr Bank Account SHIN HAN BANK, 100-016-715700, Kids & Future ARS 060-700-1533 Questions kidsfuture@kidsfuture.or.kr Tel 82-2-843-8478~81 Design by INI 82-2-885-1250 www.yesini.com The Kids Remember you 19


s dreams are on their way All children’

Hope, a beautiful blossom of miracle,

Kids & future

KIDS & FUTURE FOUNDATION 5th FL Nunnopi Boramae Center 729-21 Bongcheon dong, Gwanak gu, Seoul, Korea Republic of tel 82 2 843 8478~81 fax 82 2 843 8482 e-mail kidsfuture@kidsfuture.or.kr www.kidsfuture.or.kr / www.donation.or.kr


Annual report 2010 en pdf