Page 41 - ChildsLife Annual Report 2022
P. 41
Ratios of expenditure:
Amounts in Euros
Expenditure to projects / Total income
Expenditure to projects / Total expenses
Costs fundraising / income fundraising
Costs management and administration / Total expenses
Actual 2022
Budget 2022
Actual 2021
91%
80%
20%
3%
78%
76%
22%
3%
106%
86%
15%
3%
The ratio expenditure to projects in relation to total income is 91%. This indicates which part of income is spent on projects.
The ratio expenditure to projects in relation to total expenses is 80%. This indicates which part of total expenses is spent on projects.
The ratio costs for fundraising is 20%. This ratio indicates the relation between costs of fundraising and total income of fundraising.
The ratio management and administration is 3%. This ratio indicates which part of total expenses was spent on management and administration costs.
Expectations for the year 2023
The total forecasted income for 2023 is € 570.000. Income is planned from multiple funding streams including foundations, businesses, direct mail and other fundraising campaigns. Funds to ChildsLife programs in 2023 are budgeted at € 410.000.
ChildsLife focuses on achieving the funds to implement projects, to maintain a balanced budget and increase the continuity reserve. ChildsLife will continue to carefully invest in fundraising activities that will lead to increased income whilst keeping costs to a minimum.
ChildsLife | Financial Report 2022
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