click here - Stichting Weeshuis Sri Lanka

3.2. Cost own fundraisingThe total cost of fundraising consists of:3.2.1. The external costs of international bank transfer charges.3.2.2. The own organisation expenses: these costs are being spent on project coordination, information and awarenessand fundraising;Acquisition cost 3,486Auditor fee 3,142Bank charges 371Contributions, Chamber of Commerce etc 54Travel expenses Sri Lanka 2,434Insurances 428Printing matters 719Stamps/ postage 692Fairs 3,643ICT 248€Total costs own fundraising 11,895Cost percentageThe “costs of own fundraising” constituted in 2007 2.97% of in “income from own fundraising” of the Sri LankaOrphanage Foundation and is well under the level that the Dutch Central Bureau for Fundraising (CBF) has set. Thisextremely low percentage has been realised thanks to the great support of many volunteers and Dutch companies whoprovide services and products free of charge to the Sri Lanka Orphanage Foundation.3.3. Cash management and interest revenuesThe Sri Lanka Orphanage Foundation makes sure that all assets are deposited in accounts that immediate withdrawal tofund the project is possible. Funds not needed on a short term basis are deposited in interest saving accounts. The totalfunds on interest saving accounts can fluctuate yearly.Continuity reserveThe Sri Lanka Orphanage Foundation is committed to financing and operating the Somawathi Home and all its medicaland educational programs. The Foundation has on request of the Sri Lanka Child Protection Authority a continuityreserve to guarantee the exploitation of the Somawathi Home for a period of 10 years.Result 2007 Result 2006€ €Interest Income 89,333 65,71089,333 65,71076