2014_STEAnnualReport

Financial StatementSave the Elephants relies on donations and grants to run our operations. As a registered UKCharity (no. 118804) we operate under strict financial controls. In 2013, 90% of the fundsraised went to support our programmes in the field. 10% of the funds went to Fundraising andAdministration.Statement of Revenue and Expenses US $Calendar Year Ending 20132013 Analysis of ExpenditureREVENUEDonations, Grants, Royalties $1,972,360Interest Earned $36Total Revenue $1,972,396EXPENSESProgramme Grants & Services $1,407,742Fundraising and Administration $157,543TOTAL EXPENSES $1,565,285Change in Net Assets ($407,111)Programme Grants & Services 90%Fundraising & Administration 10%Complete financial reports are available upon request.Converted from management accounts at a rate of £1=$1.652Sean Dundas 34 Photographywww.savetheelephants.orgSECURING Sean Dundas A FUTURE Photography FOR ELEPHANTS 35