We are delighted to present to you the snapshot of
World Vision New Zealand's 2010-2011 financial performance.
Although our total income of $55.7 million is $4.9 million down
from the $60.6 million the previous financial year, we still have
been able to honour all our commitments to our communities in the
developing world.
You may also choose to have a look at our complete 2011 audited financial statements for the year ending 30 September 2011. Despite a challenging year, our New Zealand supporters remained among the most giving per head of population of any World Vision country. We want to thank all our supporters for their amazing generosity.
To read more about World Vision's life-changing work in the most recent financial year, have a look at our 2011 Annual Report (13mb file) Enjoy the read, and please feel free to contact us if you have any questions, comments or feedback.
| FY11 Income Sources | Allocation of FY11 Income |
 |
|
| Allocation of Income Overseas | |
 |
|
| Total Income NZ$000 | Allocation of Net Surplus NZ$000 |
 |
 |
World Vision of New Zealand Trust Board
For the year ended 30 September, 2011
|
Statement of financial performance - Five-year summary |
|||||
|
2011
|
2010
|
2009
|
2008
|
2007
|
|
|
INCOME
|
$000
|
$000
|
$000
|
$000
|
$000
|
|
Development
|
39,664
|
40,837
|
45,804
|
44,628
|
43,502
|
|
Relief
|
6,956
|
9,894
|
5,688
|
7,578
|
5,448
|
|
Undesignated
|
2,197
|
2,176
|
2,248
|
2,216
|
2,129
|
|
TOTAL CASH
INCOME
|
48,817
|
52,907
|
53,740
|
54,422
|
51,079
|
|
Non-cash income
|
6,900
|
7,701
|
8,091
|
3,825
|
4,064
|
|
TOTAL INCOME
|
55,717
|
60,608
|
61,831
|
58,247
|
55,143
|
|
|
|
|
|
|
|
|
Operating
expenses
|
11,465
|
11,793
|
12,524
|
12,016
|
11,805
|
|
NET SURPLUS
|
44,252
|
48,815
|
49,307
|
46,231
|
43,338
|
|
|
|
|
|
|
|
|
Non-operating
items
|
0
|
0
|
0
|
20
|
55
|
|
NET SURPLUS AFTER
ABNORMALS
|
44,252
|
48,815
|
49,307
|
46,251
|
43,393
|
|
|
|
|
|
|
|
|
The net surplus is allocated
as follows:
|
|||||
|
Capital expenditure
|
0
|
0
|
0
|
(1,709)
|
55
|
|
World Vision work
|
|||||
|
Advocacy ministry within New
Zealand
|
300
|
232
|
256
|
242
|
0
|
|
Ministry overseas
|
43,951
|
48,583
|
49,051
|
47,717
|
43,338
|
|
$44,251
|
$48,815
|
$49,307
|
$46,250
|
$43,393
|
|
|
|
|
|
|
|
|
|
Income categories as a
percentage of total income
|
|||||
|
Development
|
71.2%
|
67.4%
|
74.1%
|
76.6%
|
78.9%
|
|
Relief
|
12.5%
|
16.3%
|
9.2%
|
13.0%
|
9.9%
|
|
Undesignated
|
3.9%
|
3.6%
|
3.6%
|
3.8%
|
3.9%
|
|
Goods-in-kind
|
12.4%
|
12.7%
|
13.1%
|
6.6%
|
7.3%
|
|
Total income
|
100.0%
|
100.0%
|
100.0%
|
100.0%
|
100.0%
|
|
|
|
|
|
|
|
|
Expenses as a percentage of
total income
|
20.6%
|
19.5%
|
20.3%
|
20.6%
|
21.4%
|
|
|
|
|
|
|
|
|
Expenses as a percentage of
cash income
|
23.5%
|
22.3%
|
23.3%
|
22.1%
|
23.1%
|
|
|
|
|
|
|
|
The summary above shows the activity that has occurred over the course of the last five years. Child Sponsorship income, which is in development, has decreased in 2011 as a result of the number of sponsored children decreasing. Relief income in 2010 was high, because of responses to appeals for Samoa, Haiti and Pakistan. Expenses as a percentage of total income and cash income continue to be held at acceptable levels.
World Vision of New Zealand Trust Board
For the year ended 30 September, 2011
|
INCOME
|
2011
|
2010
|
||
|
$000
|
$000
|
|||
|
Child Sponsorship and other
child-centered development income
|
35,068
|
35,978
|
||
|
Other development income
|
4,596
|
4,859
|
||
|
Relief income, including 40 Hour
Famine, appeals and Children in Crisis (CIC)
|
6,956
|
9,894
|
||
|
Other income, including legacies and
interest
|
2,197
|
2,176
|
||
|
Non-cash income, including
goods-in-kind and multilateral grants
|
6,900
|
7,701
|
||
|
TOTAL INCOME
|
$55,717
|
$60,608
|
||
|
% of income
|
||||
|
ALLOCATION OF
INCOME
|
2011
|
2010
|
$000
|
$000
|
|
Allocated for World Vision work
overseas
|
78.9%
|
80.2%
|
43,951
|
48,583
|
|
World Vision advocacy work in New
Zealand
|
0.4%
|
0.3%
|
300
|
232
|
|
Total allocation to World Vision New
Zealand work
|
79.4%
|
80.5%
|
44,251
|
48,815
|
|
EXPENSES
|
||||
|
Engagement
|
12.9%
|
11.7%
|
7,214
|
7,813
|
|
Administration
|
7.6%
|
6.6%
|
4,251
|
3,980
|
|
Total
expenses
|
20.6%
|
19.5%
|
11,465
|
11,793
|
|
Total allocation of
income
|
100.0%
|
100.0%
|
$55,716
|
$60,608
|
The above information has been extracted and summarised from the
2011 audited financial statements of World Vision of New
Zealand.
A full set of audited financial statements are available either on request from 09 580 7700 or 0800 800 776, or by downloading from www.worldvision.org.nz.
Total income for FY11 was $4.9m lower than the previous year. The main changes were Child Sponsorship and development income being lower by $0.9m, with relief income decreasing by $2.7m.
During the year, through the generosity of New Zealanders, $6.9m was raised through various relief activities and appeals to be used in countries such as Ethiopia, Sudan, Somalia, Japan and Pakistan. We also raised funds in response to the Christchurch earthquake. Last year's relief income was $9.9m and included responses to Haiti, Samoa and Pakistan. Child Sponsorship income has decreased by 2.5% with 74,503 children being sponsored as at 30 September 2011. This is a decrease of 3285 children from the beginning of the year.
Goods-in-kind income are food aid contracts entered into with the World Food Programme. Multilateral grants are funding received from UN agencies for development work to be carried out in various countries by World Vision. The value of these contracts decreased to $6.9m from $7.7m.
People assisted by this food aid and the provision of multilateral grants included those in Haiti, Kenya, Malawi, Myanmar, Laos, Lesotho, Niger, Pakistan, Somalia, Sudan, Uganda, Zambia and Zimbabwe.
Total operating expenses as a percentage of total income has increased to 20.6%, resulting in a decrease in income to our overseas work from 80.5% to 79.4%.
