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NOTESIncome own fundraising:Adoption planExpected donationsInterestThe monthly donations dinner plate/ drinking cup/ bed/ school deskAssumptions.Prognosis with expected interest rate.The income prognosis own fundraising budgeted for the period 2008 – 2012 includesfairly certain amounts out of the adoption plan and interest. The number of sponsors ofthe adoption plan is stable and the interest development is positive. The amountprognosis for expected donations and gifts will need an effort to be realised.The foundation strives to find several corporate sponsors in order to secure a soundbasis for the yearly donations.Costs own fundraising:Office expensesTravel expensesMembership feesPercentage income ownfundraisingPresently the office is located at the home of the initiator of the project. It is not unrealisticthat in the future external office space is required. An amount has been reserved in thebudget for this purpose.In accordance with the Supervisory Board it has been decided that Board members cantravel once a year on account of the Foundation to Sri Lanka.The budgeted amount has been raised taking into account the possible application andfees of the CBF- Quality mark.The foundation aims to minimise the costs, if possible below 5% income of ownfundraising. Up till now this has been achieved. The budget assumes a possibleincrease. For a relatively small organisation such as the Sri Lanka OrphanageFoundation the possible costs including a membership of the CBF Quality mark are high.In future the foundation will have to adjust its cost – standard.Spent on purpose:Staff SalariesOut home children and savingaccountsEducational programsDepreciationSalaries include insurance for sick leave, end of year bonuses and pension payments forall permanent staff members and salaries of the part-time staff members. The budgetincludes an increase in staff salaries. The number of in-home children will increase with33%. Mainly extra care-staff will need to be appointed.Apart from the in-home children also 114 out-home children are supported monthly with adonation. They also participate in the afterschool educational program and the medicalcare on the premises. In name of each child, both in-home and out-home, a savingaccount has been opened. Monthly Rps. 500 is transferred into their accounts. Savingaccounts will be accessible to children from 18 years onwards.Many in-home children are not capable of attending the local government school at theappropriate level according to their age. Most of them are behind in their studies or areilliterate. The available school system offers no remedial teaching or extra facilities. In theSomawathi Home educational programs have been started to prepare the children asquickly as possible for the regular government school. During afternoons and weekendsalso extra educational programs are offered to the out-home children and 354 studentsfrom the region.In the coming years extra attention will also go to “vocational training”. For all educationalprograms a large sum has been included in the budget. The foundation strives to offereach child to develop him-herself to the limit of their capacities and to teach them skills.In 2007, 2008 and 2009 the Turing Foundation grants the necessary funds.Starting 2007 the following depreciation has been included in the annual audit by SJMSDeloitte Colombo:Buildings> 20 yearsFurniture> 05 yearsApparatus etc.> 05 yearsICT> 05 years69