Abstract 2015 annual report

SAVE THE CHILDREN ITALY Abstract of 2015 Annual Report

AGENDA • • • •

Executive summary 2015 in numbers 2011-2015 Strategy 2015 Focus: – Income and Expenditure – Fundraising – Programs – People – Volunteers – Communications – Campaigning and Expo • 2015 Financial Statements

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EXECUTIVE SUMMARY (1/3) 2015 Key Activities and Outturns STRATEGY

The fifth year of the 2011-15 strategy implementation has proved results significantly beyond targets, specifically with reference to beneficiaries reached and funds raised (respectively 130% and 123% of targets).

Save the Children Italy 2016-18 strategic plan was developed within the framework of Save the Children Association new global strategy.

PROGRAMS & CAMPAIGNS

In 2015, through Save the Children International (SCI), other Members and domestic partners, we have implemented 214 projects (of which 48 in Italy) in 55 countries, reaching 3,9 million beneficiaries.

Significant growing expenditure in emergencies supporting 74 (vs 58 in 2014) Humanitarian responses mostly coordinated by SCI in 45 countries, with 7,6 million Euro expenditure (vs 4,6 in 2014).

In 2015 about 1 million migrants arrived in Europe (crisis worsened by the Syrian war).

Save the Children Italy reached over 4.000 minors (of the 16.000 arrived) through activities of our Child Friendly Spaces. In Greece and in the Balcans we implemented programs together with SCI. Our domestic presence (with structured programs) went from 5 cities in 2010 to 21 in 2015. Specifically we opened 16 Punti Luce, of which 5 in the last year. Thanks to our efforts, Educational Poverty was recognised as one of the priorities in the 2015 Financial State Law with a dedicated budget of 100 million Euro over the next 3 years.

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EXECUTIVE SUMMARY (2/3) 2015 Key Activities and Outturns PROGRAMS & CAMPAIGNS

The Every One global campaign closed the 5 years cycle reaching 50 million children with nutrition programs and 122 million beneficiaries with child-maternal health programs. In 2015 Save the Children Italy relaunched the campaign with #IononMollo (I don’t give up) appeal, to encourage Italian people to keep fighting against child mortality.

We were present at EXPO Milano 2015, with an innovative experiential Village where 150.000 visitors could understand the value of our programs and the simple solutions to save children’s lives.

OUR STAFF & ORGANISATION

At 31/12/2015 we have 230 people in our staff (+11% vs 2014), 73% women e 27% men.

In 2015 our vulunteers were over 1.500 (+50% vs 2014) and engaged in campaiging, fundraising and program activities. This year 21 of them were selected and trained to work for a month in our Child Friendly Spaces in Lesbos and Athens.

SC Italy rated the highest score (91 out of 120), as a result of the first external audit on the implementation of the Child Safeguarding Policy among all Save the Children members.

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EXECUTIVE SUMMARY (3/3) 2015 Key Activities and Outturns FINANCIAL PERFORMANCE

2015 income rose to 80,4 million Euro, with an increase of 19% vs 2014. Program expenditure grew by 20% (62,2 million vs 51,6).

The organisational efficiency index (cost-ratio) improved vs 2014: out of overall costs, 78% is program expenditure (vs 77% in 2014 ), 19% is fundraising and communications expenditure (vs 20% in 2014) and 3% is general support costs.

The improvement in operational management reflects into improved financial management, with a reduction/rationalisation of Liquidity, Funds Carried Forward, Current Assets/Advance Payment and Equity & Reserves.

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• • • •

Executive summary 2015 in numbers 2011-2015 Strategy 2015 Focus: – Income and Expenditure – Fundraising – Programs – People – Volunteers – Communications – Campaigning and Expo • 2015 Financial Statements

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• • • •

Executive summary 2015 in numbers 2011-2015 Strategy 2015 Focus: – Income and Expenditure – Fundraising – Programs – People – Volunteers – Communications – Campaigning and Expo • 2015 Financial Statements

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2011-15 PROGRAM AND FUNDRAISING STRATEGIC TARGETS: MAIN RESULTS ACHIEVED AT 2015

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2011-15 ORGANISATIONAL TARGETS MAIN RESULTS ACHIEVED AT 2015

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2016-18 STRATEGY

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• • • •

Executive summary 2015 in numbers 2011-2015 Strategy 2015 Focus: – Income and Expenditure – Fundraising – Programs – People – Volunteers – Communications – Campaigning and Expo • 2015 Financial Statements

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INCOME AND EXPENDITURE

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2015 FUNDRAISING

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2015 EXPENDITURE

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2015 COSTS (1/2)

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2015 COSTS (2/2)

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2015 PROGRAMS: IN ITALY AND WORLDWIDE

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WHERE WE WORK IN ITALY

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HUMANITARIAN RESPONSES

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OUR STAFF

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VOLUNTEERS (1/2)

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VOLUNTEERS (2/2)

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COMMUNICATIONS (1/2)

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COMMUNICATIONS (2/2)

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CAMPAIGNING & EXPO

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• • • •

Executive summary 2015 in numbers 2011-2015 Strategy 2015 Focus: – Income and Expenditure – Fundraising – Programs – People – Volunteers – Communications – Campaigning and Expo • 2015 Financial Statements

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BALANCE SHEET (1/2) ASSETS

1. FIXED ASSETS 1.1 Intangible assets 1.2 Tangible assets 1.3 Long-term loans, investments 2. CURRENT ASSETS 2.1 Receivables 2.1.1 Receivables from customers 2.1.2 Other receivables 2.2 Short-term investments 2.3 Cash at bank and in hand 2.3.1 Cash at bank 2.3.2 Cheques in hand 2.3.3 Cash in hand 3. ACCRUED INCOME AND PREPAID EXPENSES TOTAL ASSETS

31 DECEMBER 2015 8.687.032 7.798.186 202.313 686.533 16.466.557 2.931.744 80.627 2.851.117 5.850.053 7.684.760 7.681.597 3.163

31 DECEMBER 2014 8.004.516 6.776.465 110.738 1.117.313 17.716.494 3.874.956 98.912 3.776.044 5.630.441 8.211.097 8.195.092 1.459 14.546

88.443 25.242.032

96.621 25.817.631

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BALANCE SHEET (2/2) LIABILITIES

1. EQUITY & RESERVES 1.1 Equity 1.2 Restricted Reserves 1.2.1 General Reserves 1.2.2 Reserves for programs 1.2.3 Reserves for emergencies 1.3 Free Reserves 1.3.1 Net income for the period 1.3.2 Net income brought forward 2. FUNDS CARRIED FORWARD FOR PROGRAM ACTIVITIES 2.1 International Programs 2.2 Italy-Europe Programs 3. PROVISIONS FOR RISKS AND LIABILITIES 3.1 Risks 3.2 Liabilities 4. PENSION LIABILITY FUND 5. PAYABLES 5.1 Trade payables 5.2 Tax payables 5.3 Social security payables 5.4 Other payables 6. ACCRUED EXPENSES AND DEFERRED INCOME TOTAL LIABILITIES

COMMITMENTS AND GARANTEES Committments to implementing partners Garantees received from Bank to third parties

31 DECEMBER 2015 4.724.028 50.000 3.976.672 2.780.253 696.419 500.000 697.356 697.356 9.308.450 8.421.708 886.742 42.250 42.250 1.084.366 10.076.945 3.764.260 320.690 345.215 5.646.780 5.993 25.242.032

31 DECEMBER 2015 36.962.332 80.000

31 DECEMBER 2014 4.226.672 50.000 3.550.340 2.298.921 696.419 555.000 626.332 626.332 11.483.852 9.535.774 1.948.078 42.250 42.250 848.625 9.201.643 3.758.919 305.020 292.770 4.844.934 14.589 25.817.631

31 DECEMBER 2014 30.239.605 155.777

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INCOME AND EXPENDITURE STATEMENT (1/2) INCOME 2015 1. INCOME FROM PRIVATE DONORS 1.1 Individual Donors 1.1.1 One-off donations 1.1.2 Child Guardian and Child Sponsorship programs 1.1.3 Regular giving 1.1.4 Special gifts 1.1.5 Major Donors & Legacy 1.1.6 "5 per mille" 1.2 Corporations and Foundations 1.2.1 Corporation and Foundation partnerships 1.2.2 "Christmas" programme 2. GRANTS FROM INSTITUTIONS AND NGOs 2.1 European Commission 2.2 International/National Institutions 2.3 International/National NGOs

INCOMING RESOURCES FROM PRIVATE DONORS, ISTITUTIONS AND NGOs 3. COMMERCIAL INCOME 4. USE OF RESERVES 5. FINANCIAL INCOME 6. OTHER INCOMING RESOURCES TOTAL INCOME INCOME FROM PRIVATE DONORS, INSTITUTIONS AND NGOs/TOTAL INCOME

2014

74.010.290 63.472.762 5.577.753 33.357.942 17.551.400 2.137.091 2.065.255 2.783.321 10.537.528 9.814.690 722.838 5.883.530 2.951.193 1.507.456 1.424.881 79.893.820 111.288 200.000 195.470 47.724 80.448.302

61.309.197 52.337.106 3.270.287 30.694.770 13.206.736 1.730.889 997.022 2.437.401 8.972.091 8.365.316 606.775 5.827.681 2.540.501 1.806.765 1.480.416 67.136.879 106.916 145.000 144.077 20.850 67.553.722

99,3%

99,4%

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INCOME AND EXPENDITURE STATEMENT (2/2) EXPENDITURE 2015 1. PROGRAMS EXPENDITURE 1.1 International Programs 1.1.1 Education 1.1.2 Protection from abuse and exploitation 1.1.3 Health and nutrition 1.1.4 Emergency response 1.1.5 Child poverty 1.1.6 Child Rights Governance and Participation 1.2 Italy-Europe Programs 1.2.1 Education 1.2.2 Protection from abuse and exploitation 1.2.3 Health and nutrition 1.2.4 Emergency response 1.2.5 Child poverty 1.2.6 Child Rights Governance and Participation 1.3 Campaigning 1.4 Indirect costs 1.5 Commercial expenses 2. GOVERNANCE AND FUNDRAISING EXPENDITURE 2.1 Communication 2.2 Fundraising 2.3 General support TOTAL OPERATING EXPENDITURE 3. FINANCIAL EXPENSES 4. OTHER EXPENSES 5. TAXES TOTAL EXPENDITURE NET BALANCE PROGRAMS EXPENDITURE/TOTAL EXPENDITURE

2014

62.165.953 51.284.720 21.446.177 5.717.116 10.226.934 10.350.567 2.695.911 848.016 8.479.838 1.472.220 2.308.721 541.609 2.922.393 1.234.895 1.566.132 818.886 16.376 17.077.532 785.714 14.282.355 2.009.463 79.243.486 142.086 57.374 308.000 79.750.946 697.356

51.647.692 41.825.302 19.931.299 4.463.141 9.551.646 5.230.536 2.313.878 334.802 7.942.672 1.613.869 2.361.069 403.860 2.447.737 1.116.139 1.115.862 753.328 10.529 14.847.238 711.270 12.354.087 1.781.881 66.494.930 10.740 145.720 276.000 66.927.389 626.332

78,0%

77,2%

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CASH FLOW STATEMENT (1/2) 2015 A Cash flow from operating acrivities: Net income Taxes Financial expenses/(financial income) Net income before taxes and interests Changes in assets and liabilities not affecting "net working capital" Accrual to "Funds carried forward" Accrual to "Risks and liabilities" Accrual to "Pension liability fund" Depreciation Cash flow before changes in "net working capital"

-

2014

697.356 308.000 53.383 951.973

9.271.466 280.022 4.673.732 14.225.220

626.332 276.000 133.337 768.995

11.349.346 200.537 4.229.888 15.779.771

"Net working capital" changes Decrease/(increase) in receivables 943.212 - 2.095.367 Increase/(decrease) in payables 841.274 3.937.139 Decrease/(increase) in accrued income and prepaid expenses 8.178 61.384 Increase/(decrease) in accrued expenses and deferred income 8.596 19.951 Cash flow after "net working capital" changes 1.784.068 1.883.205 Other changes Financial income received (expenses paid) (Taxes paid) (Utilization of "Funds carried forward") (Utilization of "Pension liability fund") Cash flow after other changes Cash flow from operating activities (A)

59.992 - 273.972 - 11.446.868 44.281 - 11.705.129

133.338 - 249.887 - 13.838.419 33.042 - 13.988.010

5.256.132

4.443.961

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CASH FLOW STATEMENT (2/2) 2015 B Capital expenditure and financial investment Tangible assets (Investments) Proceeds from sales of investments Intangible assets (Investments) Proceeds from sales of investments Long term loans, investments (Investments) Proceeds from sales of investments Short-term investments (Investments) Proceeds from sales of investments Cash flow from investing activities (B)

-

2014

155.112 -

-

80.976 4.982.413 4.982.413 564.529 31.882 596.411 1.933.896 5.725.239 3.791.343 6.432.756

C Cash flow from financing activities Equity Utilization of "Restricted reserves" Cash flow from financing activities (C) -

200.000 200.000 200.000 -

145.000 145.000 145.000

Net increase (decrease) in cash (A + B + C)

526.337 - 2.133.795

-

-

-

155.112 5.631.916 5.631.916 230.393 13.611 244.004 25.834 1.192.373 1.166.539 5.582.469

80.976

-

-

Cash at bank and in hand at 1st January 2015

8.211.097

10.344.892

Cash at bank and in hand at 31st December 2015

7.684.760

8.211.097

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