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DCF 2015 - Financial Report

The Annual Figures of 2015 have been approved by the DCF Board Members; in both projects the numbers are verified by a local independent accountant.
You can find the Pdf document with the DCF 2015 financial overview here and a summary below.
If you are interested to read in more detail about our financials and activities, then you can download the DCF Annual Comprehensive Report 2015 (PDF).

The year 2015 has been a turbulent one! Both in Nepal and Ecuador nature rules: a destroying earthquake in Nepal and a possible eruption of the volcano Cotopaxi in Ecuador had its effects on the developments within both Child ‘N Family centers. Furthermore in Ecuador a lot was going on in view of the implementation of Family Foster Care. Nevertheless the overall expenses in 2015 were lower than in 2014.

The donations were significantly higher than in 2014; mainly because of the specific gifts for Nepal after the earthquake. The DCF Board Members are impressed by and extremely grateful for the compassion shown by the regular sponsors, but also by the support of a lot of people who were ‘new’ to the foundation.

Expenses 2015
In 2015 the total expenses of DCF (without the currency result) were Euro 167,860.00 (including costs) which is Euro 12,154.00 less (6.8%) than the year before (Euro 180,014.00 in 2014).
> Transfers Nepal
The Child ‘N Family center in Nepal received a total of Euro 51,185.00 from DCF in 2015. Compared to 2014 (Euro 37,056.00) this is 38.1% more, mostly because of:
*Extra payments for small relief effort after the severe earthquake.
*A budget raise in order to meet with higher costs due to strong inflation and to provide higher wages for the personnel in these difficult times.
> Transfers Ecuador
The Child ’N Family center in Ecuador received Euro 115,957.00 from DCF in the year 2015. This is 18.6% less than in 2014 (Euro 142,424.00), because of the following reasons:
*The monthly budget was significantly lower compared to the USD 15,000.00 in 2014. From January to May 2015 the monthly budget was USD 14,150.00. Starting from May it was USD 10,650.00, because from that moment the Temporary Institutional Custody program was closed.
*Part of the project costs were financed locally (through contracts with the Ecuadorian government).
* Later on in 2015 the number of staff members was further reduced which means the center had fewer salaries to pay.
> Costs
In 2015 the total costs for DCF were Euro 718.00 (compared to Euro 534.00 in 2014). The costs consisted only of bank costs. This amount has been compensated by a DCF Board Member through a gift in January 2016. This means that, as always, all donations from our sponsors went for 100% to the projects.

Income 2015
The income in 2015 was divided as follows:
> Donations
The total result of all donations in 2015 was Euro 190,434.00, compared to Euro 165,538.00 in 2014 (an increase of 15%). This significant increase is mainly caused by the specific donations DCF received to support the people in Nepal after the earthquake. DCF is very grateful for this generous and overwhelming reaction from its sponsors.
> Interest and Currency Result
DCF has received Euro 10.00 as interest, which is less than in 2014 (Euro 50.00), because of low amounts on DCF’s savings account and the minimal interest rate.
In 2015 DCF didn’t have to swap Euro in USD. At the end of 2015 DCF has a positive currency result of Euro 334.00.

General Reserves 2015
DCF’s capital was Euro 35,902.00 at the end of 2015: an increase of Euro 22,918.00 compared to 2014 (Euro 12,984.00), as the donations were higher than the expenses. These savings are mainly destined for the continuation of the project in Nepal in 2016, because they are mostly the remainder of the specific donations for Nepal after the earthquake.
DCF depends on only a few structural main sponsors, covering a bit more than 65% of the total year costs. The rest of the yearly budget is received from various other sponsors, including companies, organizations, schools and churches. Another important source are the DCF Friends, like volunteers and family, colleagues and friends of the DCF Board Members. Just as in former years, DCF will continue to enthusiastically 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.