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 
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 . 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
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%.