DCF 2014 - Financial Report
The DCF Board Members have approved the Annual Figures of 2014 after verification of the numbers in both Child ‘N Family centers by a local independent accountant. You can find the Pdf document with the DCF 2014 financial overview here and a short clarification below.
If you are interested to learn more about our figures, then you can download the detailed background document, i.e. the DCF Annual Comprehensive Report 2014 (PDF).
In 2014 DCF has spent a bit more than in 2013, mainly because of the start and implementation of the Pilot Program for Family Foster Care in the project in Ecuador.
The amount of donations received in 2014 was slightly less than the total amount of gifts in 2013. Again, DCF would like to express our gratitude towards our loyal sponsors, who made the continuation of both projects possible with their steady support.
In 2014 the total expenses of DCF (without the currency result) were Euro 180,014.00 (including costs) this is 13.8% more than the year before (Euro 158,129.00 in 2013).
> Transfers Ecuador
The Child ’N Family center in Ecuador received Euro 142,424.00 from DCF in the year 2014. This is 27.5% more than in 2013 (Euro 111,707.00), because of the following reasons:
*The monthly budget stayed the same (USD 15,000.00) but has been transferred 12 times in 2014. In 2013 DCF NL only had to transfer 10 monthly budgets, thanks to savings in the bank account of the local foundation.
*A significant amount of USD 15,000.00 has been paid to Buckner Peru, the organization which gave trainings and workshops about Family Foster Care to the local team in Ambato.
*Finally there have been some extraordinary costs because of the refurbishment and painting of some parts of the main house in the center.
> Transfers Nepal
The Child ‘N Family center in Nepal received Euro 37,056.00 from DCF in 2014. This is compared to 2013 (Euro 42,529.00) almost 12.9% less, mostly because:
*In 2013 the local foundation received a one-off donation of Euro 5,453.00 from the Marthe van Rijswijck Foundation through DCF NL, to buy study books and uniforms. In 2014, CNF Nepal received again such a one-off donation (USD 6,415.00) for the start-up costs for session 2071, but this time the Rotary Honolulu Sunset directly donated the amount into the local account.
In 2014 the total costs for DCF were significant less: Euro 534.00 (compared to Euro 3,893.00 in 2013). Last year none of the sponsors asked for an official Dutch external audit report, which the year before however resulted in extremely high costs. In 2014 the costs only consisted of bank costs. These expenses have been compensated by a DCF Board Member through a gift in January 2015. This means that, as always, all donations from our sponsors went for 100% directly to the two Child ‘N Family centers.
The income in 2014 was divided as follows:
The total result of all donations in 2014 was Euro 165,538.00, only slightly less compared to the donations in 2013 (Euro 166,037.00). It is really great to experience this constant level of donations despite world’s fragile economic situation.
> Interest and Currency Result
DCF has received Euro 50.00 as interest, somewhat less than in 2013 (Euro 124.00). It is a relatively small amount because of the low amounts in DCF’s accounts.
In 2014 DCF had to exchange quite a large amount of Euros in USD. As the exchange rate at that time was favorable, the profit and loss account shows a substantial positive currency result of Euro 3,567.00 compared to only Euro 40.00 in 2013.
General Reserves 2014
DCF’s capital was Euro 12,984.00 at the end of 2014, a decrease compared to 2013 (Euro 23,843.00), which is logical because the donations were lower than the expenses.
DCF depends on only a few structural main sponsors, covering a bit more than 70% of the total year costs. The rest of the yearly budget is received from various other sponsors, including companies, organizations, schools, churches and individuals. In 2015 DCF will enthusiastically continue, to regularly communicate with its sponsors (through the website, Facebook, Newsletter and personal contact) to retain their contributions. Furthermore, DCF will eagerly continue to focus on finding more structural main sponsors.
Daniëlle Children’s Fund
2201 NL Noordwijk
ABN AMRO Bank
Daniëlle Children’s Fund,
> BIC: ABNANL2A
To protect the privacy of the children and families, we do not publish pictures specific to our cases.