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How your money is invested

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 Opens a PDF document 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. If you would like to share in some highlights and inspirational stories from the communities where we work, feel free to browse through the summer 2011 edition of our new-look Impact newsletter Opens a PDF document. Enjoy the read, and please feel free to contact us if you have any questions, comments or feedback.

 

FY11 Income sources

FY11 Income Sources

Allocation of FY11 income

Allocation of FY11 Income

Allocation of income overseas

Allocation Overseas

Total income NZ$000

Total Income

Allocation of net surplus NZ$000

Allocation of net surplus

World Vision of New Zealand Trust Board

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%.