2007 and 2008 Financial Statements for the Sahara-Roots Foundation (in euro's) HOME
| Income: Sale of trees 1.740
Other income: Sale of 850 booklets 4.758 Prize Margriet magazine 1.500 Total: 7.258
_______ |
Expenses:
95 trees purchased + planted 952 1.740 Other expenses: Purchase of 1000 booklets 3.000 Max. 10% organisation costs 725 Funds available for projects 3.533 Total: 7.258 Establishment of the foundation, website, promotion, telephone, travelling, filming costs etc: 6.843 _______ Total Expenses 2007 and 2008: 15.841 |
||
|
Assets: Cash at bank 3.656 Total Assets at end year 2008: 4.321 |
Liabilities:
79 trees to purchase + plant 788 ______ Total liabilities at end year 2008: 4.321 |
||
The foundation's board has decided that 100% of the donations for trees will be used for the purchase, planting (including protective materials to avoid
goats/camels eating the young trees) and maintenance of the trees for one year. Thus no operational costs of the foundation will be deducted from the
monies provided from donations.
Of the other income, such as the sale of booklets, other donations/gifts and prize monies, only a maximum of 10% will be used for covering the
foundation's operational expenses. The 90% will be used for donating booklets to local schools in Southern Morocco , watersupply, including irrigation
material, water reservoirs and solar energy to activate the waterpumps, etc. The rest of the foundation costs will be donated by the Hebly family.
The 2009 Financial Statement will be available on the website by the end of September 2010.