Page 40 - ChildsLife Annual Report 2022
P. 40
The results of reserves for 2022:
Amounts in Euros
- Continuity reserve
- Designated reserves - Designated funds
Total
Continuity reserve
Actual 2022
90.429-
Budget 2022
20.807-
Actual 2021
178.857-
65.340-
1.569-
23.520-
20.807-
0
0
14.872
136.405-
57.324-
40
In 2022 the continuity reserve decreased by € 65.340.
This decrease is mostly as a result of increased operations costs and reduced income.
Designated funds
In 2022, a total of € 141.795 was received in designated funds and an overall total of € 165.315 was released. Funds were used to support all projects in the ChildsLife Live, Learn, Earn Program.
