Financial risks

Achieving War Child’s objectives for children affected by armed conflict requires multi-year financial commitments. Income levels can fluctuate on a yearly basis, while at the same time, multi-year programming obligations have to be fulfilled.

Managing financial risks

In order to reduce investment and foreign exchange risks, War Child adheres to a strict Treasury Policy, which is approved by the Supervisory Board.

Integrity

War Child has gained the trust of the individuals, companies and other organisations that donate money. This trust comes with a responsibility to ensure that the money is spent properly.

Accountability statement

War Child operates and reports in accordance with standard guidelines and rules specified by recognised authorities, covering accounting standards, fundraising and governance.

Income 2013

War Child’s total income in 2013 was € 24.4 million. This is € 3.9 million higher than our budget for 2013 and € 1.7 million higher than our total income in 2012.

Expenditures 2013

Expenditures on War Child’s objective (project activities, communication and awareness raising, preparation and coordination) totalled € 20.4 million in 2013, which is € 1.9 million above budget and € 3.7 million more than in 2012.

Statement of income and expenditures

Reserves and funds

The € 0.03 million surplus of income over expenditures can be attributed to the continuity reserve.

Ratios

According to Central Bureau of Fundraising (CBF) standards, charities can spend a maximum of 25 percent of their income on fundraising.

Plan 2014

War Child's annual budget for 2014 forecasts a substantial growth in overall income to approximately € 31.5 million, which will be largely realised through institutional fundraising.