Financial summary
2009 US$’000
2008 US$’000
Companion animals
5,970
4,102
Wildlife
8,644
6,042
Farm animals
6,006
4,203
Disaster management
3,373
2,768
Member societies
5,850
3,682
405
477
5,436
8,152
820
2,067
12,056
8,521
1,836
1,834
76
1,205
50,473
43,053
2009 US$’000
2008 US$’000
5,041
1,880
Expenditure 2%
3%
12% 2009 US$’000
2008 US$’000
Appeals, gifts and donations – regular
33,404
26,061
Appeals, gifts and donations – single
14,559
12,731
6,537
5,761
943
332
71
48
55,514
44,933
Income
26%
60%
Legacies Investments Trading
12%
24% 17%
Education Public awareness campaigns UDAW
2%
Fundraising 11%
12%
11%
7%
Organisational support Other
1%
Surplus
Treasurer’s report
Dr Andrew Rowan, Treasurer
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After a challenging year in 2008, total income increased by 24 per cent from US$45 million to US$56 million, an excellent achievement in a year of continued global economic uncertainty.
Total expenditure increased from US$43 million to US$50 million, an increase of 17 per cent. Fundraising costs increased as a percentage of total expenditure from 20 to 24 per cent, mainly due to significant investment in new donor recruitment in Denmark, the USA and the Netherlands. This investment is reflected in the increase in income from regular giving.
All regional fundraising offices performed well and increases in income were seen across the board, most notably in Canada with an increase of 52 per cent, the USA with 39 per cent and Germany with 33 per cent. The main increases were seen in regular giving which rose by US$7 million. In addition, the changing global financial situation meant that other currencies strengthened against the dollar compared to 2008 and this also contributed to the increase in global US dollar income.
Organisational support costs remained constant but fell slightly to 3 per cent as a proportion of total expenditure. Expenditure on animal welfare increased from US$31 million to US$37 million and this represents 70 per cent of all expenditure.
WSPA has had an excellent year and is in a financially sound position. The surplus increased from US$2 million to US$5 million, in line with the Trustees’ reserves policy. Whilst this is in part due to currency fluctuations, the real underlying reserves have increased to keep pace with the growth of the organisation. This strength is welcome at a time of economic uncertainty and helps provide firm foundations for the development of our new five-year strategy. Even though the global animal welfare challenge continues to grow in scale and complexity, we are confident that with our new strategy and your generous support, we can make a lasting difference to the lives of animals around the world.
The figures are extracted from WSPA global consolidated accounts which are non-statutory and unaudited. They are provided for general information purposes only. All accounts of individual WSPA offices however are audited locally. For further details of WSPA’s global financial affairs, please contact WSPA International. For more financial information about individual WSPA offices, please contact the relevant office (details on back cover) or consult WSPA International.
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