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Our
Finance Accounts
Since our launch
we have spent millions in direct grants on helping those in need
in Romania, plus a huge amount of gifts in kind.
Our policy has
always been to spend your financial donations quickly
and not build up a large "reserve" of cash in the bank.
We keep our administration costs very low.
Here is the
summary of our most recent audited accounts (to March 2010) - which
were submitted in Dec 2011(Next accounts to
March 2012 will be submitted in 2013)
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Latest
accounts to March 2010
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Previous
year (09)
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| INCOME
* |
£73,258
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£130,714
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| PROJECT
EXPENDITURE |
£67,058
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£91,720
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| PROJECT
CONTROL |
£28,067
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£25,849
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| Income
vs Charity Spending |
(£22,119)
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£12,946
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What you see above is how we
don't
hoard money but spend your donations quickly.
We even go overdrawn if necessary.
Bad
idea?
Not
to us.Some people might see this as bad financial management. Well
it might be for a commercial concern. But for a charity,
we think it's the right thing to do.
This
has been our policy for many years now and - thanks, no doubt, to
the grace of God - we're still going.
But it means we need your help and
we need it now.
As you
can see your kind donation will quickly go to help the less fortunate
in Romania
Please
can you make a quick, easy donation right
now to help those in need in Romania click
here
* re Income:
For the purposes of this summary, income is defined as all donations
and gifts, plus charity shop profits, plus the fund balance carried
forward from the previous year.
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