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TRANSCRIPT
Child’s Dream
Audited Financial Report 2016
Foundation
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Table of Contents
Introduction 3
Reference to our Consolidated Financials 2016 5
Our Board 5
Financial Statements 2016 6
Balance Sheet (in THB) 6
Statement of Operations (in THB) 7
Notes 7
Breakdown of Project Expenses 2016 (in THB) 8
Information for Donors 11
Contact Information & Legal Domicile 12
Report of the Auditor 13
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Introduction
As the founders of Child’s Dream, it is our great privilege to address our dear friends, valued donors and various stakeholders each year in our annual report. Throughout the year we often get praised for the positive impact of Child’s Dream, but we also take to heart constructive criticism. Overwhelmingly, we receive confirmation that the decision we took 14 years ago was the right one. Setting up Child’s Dream has profoundly changed our lives forever and all this in an amazingly positive way. But then, this is not our achievement alone. The reward belongs to our entire team. ‘Alone we can do so little. Together we can do so much.’! For the two of us, this year’s annual report seems to be the perfect opportunity to stand back from the limelight and to put our 39 Child’s Dream heroes at centre stage. There are no external floodlights needed to make our extraordinary team shine, since this overwhelming energy all comes from within. Where to start? You might not be aware that our health team, taking care of hundreds of very sick little children, is on standby 24/7, sleeping in our safe-house. They do this, not just on normal nights, but also during weekends or times when others celebrate public holidays. It is not just an amazing commitment towards our work, but also a mental challenge to deal with emotional parents worrying about their children in a country foreign to them. Then there are the project heroes in our education teams who are in charge of building our schools or taking care of higher education programmes all over the region. Yes, it’s beautiful to visit South East Asia and experience the amazing mix of cultures and food. However, getting to the very remote corners of our work requires driving for a combined total of more than 150,000 kilometers a year! This is driving 3.5 times around the globe and in second-hand pick-up trucks. One has to bear in mind that, for almost half the year, we experience extreme weather conditions and many of the roads turn into mud slicks. It happens that, now and then, cars get stuck, forcing our project heroes to spend the night in the middle of nowhere. We will not elaborate on food and toilet issues, but one can imagine that such situations are rather out of the ordinary for most of us, right? Or picture visiting a remote programme location in Karen State of Myanmar, walking along a little footpath in the middle of a mosquito-infested jungle with armed soldiers both in front and behind you. There are no roads accessible to motorised vehicles. If there is public transport available in other areas, our teams spend nights on local buses, or what passes for buses, trying to reach projects by the next morning. Yes we could fly, but unfortunately, where we operate, airports are not much in supply. To facilitate all this, a strong logistical backbone is ready to support our work out of our three offices in Chiang Mai, Siem Reap and Yangon. By now you will appreciate that it is not we who deserve the credit. The credit goes to our many Child’s Dream heroes who make the organisation go round and round, every single day of the year. You will also understand why we call our colleagues ‘heroes’. Our heroes have families, partners, friends, children, parents, dogs and cats to care for at home, but still always keep their motivation and dedication high. This not only makes us eternally grateful, but also extremely proud. Our team of heroes truly goes the extra mile, day after day, improving the lives of tens of thousands of children and youth. Our heroes definitely deserve all the credit.
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And since only ‘together we can achieve so much’, a special thank you definitely also goes to all our donors, friends and families, who believe in us and give us the energy to keep going. What we have achieved together would not have been possible without all of you, so a million thanks from the bottom of our hearts!
Marc Thomas Jenni Daniel Marco Siegfried
Founder & President Founder & Vice-President
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Reference to our Consolidated Financials 2016
Child’s Dream, as a charitable organisation, consists of Child’s Dream Foundation Thailand and Child’s
Dream Association Switzerland. In order to give you an overview of our work, the consolidated
financials are available on our website.
This Audited Financial Report 2016 only reports on the work of Child’s Dream Foundation Thailand,
and is, therefore, not comprehensive. However, it is a legal requirement to publish this audited
financial statement. The audit report can be found on page 13.
Our Board
President & Founder – Head Operations
Marc Thomas JENNI, Swiss (4 years – end 2017)
Vice-President & Founder – Head Projects
Daniel Marco SIEGFRIED, Swiss (4 years – end 2017)
Vice-President
Pimpimon THONGTIAN, Thai (4 years – end 2017)
Treasurer – Head Focus Group Basic Education
Charuwan PHAISANTHAM, Thai (4 years – end 2017)
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Financial Statements 2016
Balance Sheet (in THB) 31.12.2016 31.12.2015
Assets
Liquid assets 23,375,569 16,193,426
Financial assets 12,675 12,675
Fixed assets 21,995,862 21,815,862
Total Assets 45,384,106 38,021,963
Liabilities, Funds and Capital
Liabilities 8,051,596 5,275,475
Paid-in capital 300,000 300,000
Unrestricted capital 30,766,143 29,296,760
Restricted funds 3,243,837 1,680,345
Surplus for the year 3,022,530 1,469,383
Total Liabilities, Funds and Capital 45,384,106 38,021,963
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Statement of Operations (in THB) 01.01.2016 -
01.01.2015 -
31.12.2016 31.12.2015
Income
Donations private individuals 114,930 147,681
Restricted 100,000 214,930 1,890,000 2,037,681
Donations corporate 1,025,652 369,160
Restricted 10,189,124 11,214,776 4,224,587 4,593,747
Interest 39,873 35,573
Donation transfer from Child’s Dream
Association Switzerland
90,834,368 92,337,572
Total Income 102,303,947 99,004,573
Expenditure
Project expenditure 87,240,128 87,156,560
Administration & Fundraising expenditure
Personnel costs 6,438,357 5,926,567
Utilities 458,512 253,272
Vehicles & Transportation 35,220 64,064
Administration, Communication & IT 1,243,394 630,750
Travelling & Fundraising 274,508 252,300
Other costs -123,499 39,002
Financial costs 9,305 21,997
Depreciation 342,000 150,000
Provisions 1,800,000 10,477,797
1,360,333 8,698,285
Total Expenditure 97,717,925
95,854,845 Allocation to/from restricted funds 1,563,492 1,680,345
Surplus for the year 3,022,530 1,469,383
Total 102,303,947
99,004,573
Notes 1) The financial statements were compiled in accordance with Swiss GAAP FER21 (for charitable,
social non-profit organisations) but audited according to Thai audit standards.
2) Income and expenditure are recorded on a cash basis.
3) Administration expenditures are not allocated to projects. An allocation would be calculated proportionally to the project costs (according to Swiss GAAP FER21, Rz. 26).
4) The consolidated administration expenditure of Child’s Dream Foundation (Thailand) and Child’s Dream Association (Switzerland) was 5.9%.
5) No statement of change in capital was compiled.
6) A funds flow statement has not been compiled (according to Swiss GAAP FER21, Rz. 27).
7) There are currently no liabilities concerning projects; otherwise, this would be disclosed in the following ‘breakdown on project expenses’.
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Breakdown of Project Expenses 2016 (in THB)
Basic Education Year 2016
Thailand – all Provinces High School Scholarship Programme 3,331,380
Vocational Scholarship Programme 1,764,504
School Stationery 51,365
Various Supporting Activities 29,049
Various Expansions & Renovations 245,708
Volunteer Spirit Organisation - Life Skills Training 620,862
Mae Hong Son Province
Ya Prage Salawin Learning Center – Running Costs 269,965
Teacher as Coach & Project Based Learning 257,112
Tak Province
CDC School Complex, Maintenance – Mae Sot 216,151
CDC School Complex, Renovation and New Building – Mae Sot 243,575
Baan Hua Fai Primary School – Mae Sot 20,012
Pyo Khinn Migrant Learning Center, Running Costs – Mae Sot 633,733
BHSOH Primary and Secondary Migrant School, Running Costs – Mae Sot 2,039,853
Hsa Thoo Lei Migrant Learning Center – Mae Sot 252,537
Chiang Rai Province
Half Day School Programme, Running Costs – Mae Sai 199,062
Kanchanaburi Province
Children of the Forest Foundation, Running Costs - Nonglo 1,271,399
Chiang Mai Province
Shan Youth Power – Migrant Rights Training 121,220
Mother tongue based Billingual Education Programme – whole province 3,381,896
Others* 519,676
Total Thailand 15,469,059
Laos – all Provinces
High School Scholarship Programme 3,861,790
Vocational Scholarship Programme 1,982,227
Water Systems 225,567
Various Supporting Activities 387,828
Various Expansions & Renovations 81,853
Computer Laboratories 304,234
Child Protection Training 28,012
Savannakhet Province
Na Thom Lower Secondary School – Atsaphon 232,500
Baan Phin Lower Secondary School – Utumporn 240,000
Dong Khan Khoo Lower Secondary School – Champhone 1,635,000
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Na Hung Noi Lower Secondary School – Atsaphon 91,000
Laosuliya Secondary School – Savannakhet 14,500
Baan Wieng Lower Secondary School – Atsaphon 119,000
Na Lai Secondary School – Atsaphon 2,578,888
Non Huang Primary Schools – Atsaphon 933,967
Lao Yai Primary School – Uthumporn 608,510
Champasak Province
Ka Touat Primary School – Pak Xong 84,000
Nong Pham Secondary School – Champasak 60,000
Nong Tae Primary School – Champasak 100,000
Don Khone Secondary School – Khong 1,437,464
Na Cheauk Primary School – Khong 1,727,018
Xaiyabouli – Province
Nam Tub Lower Secondary School – Xaiyabouli 71,500
Na Tung Primary School – Paklay 70,000
Na Tung Lower Secondary School – Paklay 70,000
Na Mon Secondary School – Xaiyabouli 72,500
Baan Muang Boarding House for Boys – Xaiyabouli 47,500
Baan Muang Boarding House for Girls – Xaiyabouli 47,500
Ekkaphap Secondary School – Xaiyabouli 151,420
Had Ngam Lower Secondary School – Kob 75,000
Kiw Kham Lower Secondary School – Phiang 52,500
Na Tan Secondary School – Phiang 755,558
Pa Lai Secondary – Paklay 1,383,399
Pang Hai Secondary School - Kob 1,066,538
Samakkeexai Lower Secondary School - Ngern 826,771
Luang Prabang – Province
Pak Lueng Secondary School – Chom Phet 2,002,000
Nam Duan Lower Secondary School – Nam Bak 1,995,000
Hua Na Lower Secondary School – Nam Bak 3,800,000
Na Ngiw Boarding Houses – Chom Phet 932,238
Vieng Kham Boarding Houses – Vieng Kham 953,244
Sam Soum Boarding Houses – Vieng Kham 1,429,867
Others* 1,210,461
Total Laos 33,746,354
Total Basic Education 49,215,413
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Higher Education
Thailand
Chiang Mai Province
BEAM Education Foundation 2,438,523
Mae Hong Son Province
KnCC Karenni Community Learning Centre, Refugee Camp 1 657,473
Tak Province
Youth Connect Vocational Training Center – Mae Sot 3,808,044
Knowledge Zone Vocational Training Center – Mae Sot 870,769
KRCEE Karen Refugee Committee - Education Entity – Mae Sot 10,871,948
Others* 97,708
Total Higher Education 18,744,465
Health
Children’s Medical Fund – Myanmar Patients 16,964,222
Children’s Medical Fund – Laos Patients 2,316,028
Total Health 19,280,250
*Others This position includes project related travel expenses, overtime of project managers, project related communication expenses (including IT material), per diem allowances and project identification & monitoring expenses, which cannot be properly allocated. If allocated, an allocation would be proportionally to the project expenses. Hence, the ‘true’ cost of each project is 2.1% higher than listed.
Total Basic Education 49,215,413
Total Higher Education 18,744,465
Total Health 19,280,250
Total Project Expenses 2016
87,240,128
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Information for Donors
Please only use our Thai legal entity for donations in Thai Baht (THB). If you wish to donate to our
organisation in other currencies or by credit card, PayPal, cheque or Bitcoins, visit the donation page
on our website under:
http://childsdream.org/donate/
Bank Transfers
Bank transfers can be made to the following account:
Bank: Siam Commercial Bank
Rajabhat Branch
Chiang Mai 50300
Thailand
Account Holder: Child’s Dream Foundation
Account Number: 821-222061-4 (THB)
Please inform us by email or phone about your donation to our Thai bank account since we might
not see the name of the depositor.
By Cheque
Please only make Thai Baht cheques payable to 'Child’s Dream Foundation' and send them to our
address in Thailand as stated below under ‘Contact Information & Legal Domicile’.
For cheques in all other currencies, please make them payable to ‘Child’s Dream Association’ and send
them to our office in Chiang Mai.
If you are interested in making a bequest to us in your will, please get in touch with one of the two
founders.
If you would like further information on how to make a donation or a grant, please don’t hesitate
to contact us.
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Contact Information & Legal Domicile
Please contact and visit us! We will be happy to show you where and how we work. It would be a
pleasure for us to bring our very special world a bit closer to you.
Child’s Dream Foundation
238/3 Wualai Road, Soi Boon Muang
T. Haiya, A. Muang
Chiang Mai, 50100
Thailand
Tel: +66 (0)53 201 811
Fax: +66 (0)53 201 812
E-mail [email protected]
Website www.childsdream.org
Facebook www.facebook.com/childsdreamfoundation
LinkedIn www.linkedin.com/company/child's-dream-foundation?trk=tabs_biz_home
Twitter www.twitter.com/Child_s_Dream
YouTube www.youtube.com/user/childsdreamtube
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Report of the Auditor
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