click here - Stichting Weeshuis Sri Lanka

3.4. Spent on purposeIn 2007 the total amount of € 360,000 has been transferred to the Somawathi Saparamadu Trust. The money has beenspent on new constructions (construction of 2 new living pavilions as well as the under construction costs of 3 newpavilions, the construction costs of the nursery school and the final costs of the medical post) , and the operational costsof the Somawathi Home and the monthly financial support of the out-home children program living with extendedfamilies.SJMS Associates, Chartered Accountants, Colombo, Sri Lanka has audited the 2007 annual accounts of the Trust andsent the annual report to the Trust on the 9 th of April 2008.The overhead costs of the Foundation in the Netherlands are minimal because all personnel involved have worked so faras a volunteer. The office of the foundation is located at the home address of the initiator of the project and during 2007no charges were levied.Most of the expenses are made in Sri Lanka, because that’s were in the end costs are made concerning housing,feeding and raising the children including the tuition fees, as well as the staff salaries and the overall operational costs ofthe Home.During the years 2007 and 2008 extra amounts of money are invested in Sri Lanka due to the planned construction workof 10 living pavilions, a medical post, pre-school and nursery, staff quarters, preparations of a sports field and othernecessary infrastructural improvements such as power supply, water management and water tanks. It is the aim tofinalize construction work by the end of 2008.Signed by the Board,The Hague, 22 May 2008Marja van LeeuwenSaskia Pahud de MortangesChairmanTreasurer77