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. At the same time, our income from individual and corporate donors is forecasted to decrease. Our expenses will increase to approximately € 31.9 million, related to our activities in Syria and to Syrian refugees in Lebanon.
The total budget for 2014 can be found in the annual account 2013
War Child’s income forecast for 2014 ambitiously includes income from new individual donors as well as from new grants for which proposals were not yet submitted in 2013. Although ambitious, the plan is also realistic, and we are confident that we will be able to achieve it, based on the quality of our work and the trust we have built with the donor community over the past few years.
Some of the proposals that were submitted at the end of 2013 have already been awarded in the first quarter of 2014 and we have also already received unexpected grants, such as the grant we received from the extra draw of the Dutch Postcode Lottery in February 2014. Our budget will be adjusted quarterly over the course of 2014, based on developments during the year.
Our private fundraising activities in 2014 are planned to expend 16.3 percent of our income, while costs for management and administration are budgeted at 4.3 percent. Both percentages are less than in 2013, mainly due to our forecasted increase in scale.
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