Page 38 - childslife-jaarverslag-2020
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                              The results of reserves for 2020:
Amounts in Euros
- Continuity reserve
- Designated reserves - Designated funds
Total
Continuity reserve
Actual 2020
Budget 2020
Actual 2019
127
 249.494
35.829
-21.292
 -94.085
0
0
  33.519
-17.436
-15.955
   264.030 -94.085
   In 2020 the continuity reserve increased by € 249.494. This increase is mostly due to increased legacy donations.
Designated reserves
Designated reserves (inventory and tangible fixed assets) increased by € 36.000.
This increase is mostly due to the fact that in 2020 incoming goods amounted to approximately € 190.000 whilst ChildsLife managed to distribute relief good to projects to a value of € 154.000 based on existing inventory.
Designated funds
In 2020, a total of € 98.000 was received in designated funds and an overall total of € 119.000 was released. Funds were used to support all projects within the ChildsLife Live, Learn, Earn Programs.
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