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Balance sheetandprojectoverview new

  1. 1. 20 Balanc e She e tDSW is supervised by the state supervisory authority for founda-tions. We produce our annual financial statements voluntarily inaccordance with the requirements of the German CommercialCode (Handelsgesetzbuch, HGB) and have them reviewed by DSW has been endorsed with the fundraising Seal of Approval ofindependent auditors. Statutory requirements for the supervision the German Institute for Social Issues (Deutsches Zentralinstitutof foundations include an annual audit of the financial conduct fuer soziale Fragen, DZI) certifying the economical and carefulof the foundation, with particular attention to the use of funds use of funds.and the foundation’s activities.Balance Sheet – Extract from the Annual Financial StatementsTotal Assets Dec. 31st 2011 Dec. 31st 2010 Total Equity and Liabilities Dec. 31st 2011 Dec. 31st 2010A. Fixed assets A. EquityI. Intangible assets 1. Endowment capital 1,357,472.42 Euro 1,253,727.42 EuroSoftware 5,319.70 Euro 3,500.54 Euro 2. Reserves 161,843.48 Euro 161,843.48 Euro 1,519,315.90 Euro 1,415,570.90 EuroII. Tangible assets1. Land, land rights and buildings, B. Donations and grants not yet used including buildings on third-party land 215,686.46 Euro 219,662.46 Euro 1. Donations and grants not yet2. Technical equipment and machinery 48,611.20 Euro 29,556.32 Euro used according to Statutes 2,140,346.31 Euro 1,340,565.06 Euro3. Other Equipment, factory and 2. Donations and grants bound office equipment 220,697.07 Euro 300,577.68 Euro up in long term 490,314.43 Euro 553,297.00 Euro 484,994.73 Euro 549,796.46 Euro 2,630,660.74 Euro 1,893,862.06 EuroIII. Financial assets C. ProvisionsSecurities 1,416,484.25 Euro 1,314,401.09 Euro Other provisions 154,731.75 Euro 144,619.33 Euro– of which basic assets: 1,314,472.42 Euro D. LiabilitiesB. Current assets 1. Contingently repayable grants 2,551,067.39 Euro 4,127,228.23 EuroI. Receivables and other assets 2. Liabilities to banks 26,208.63 Euro 4,113.33 Euro1. Trade receivable 415,300.10 Euro 335,122.09 Euro 3. Trade payables 87,274.56 Euro 110,178.85 Euro2. Other assets 97,042.08 Euro 17,667.37 Euro 4. Other liabilities 23,268.61 Euro 23,396.23 Euro 512,342.18 Euro 352,789.46 Euro 2,687,819.19 Euro 4,264,916.64 EuroII. Liquid assetsCash-in-hand, bank balances 4,497,842.63 Euro 5,466,748.40 EuroC. Prepaid expenses 75,544.09 Euro 31,732.98 Euro 6,992,527.58 Euro 7,718,968.93 Euro 6,992,527.58 Euro 7,718,968.93 Euro
  2. 2. Balanc e She e t 21We have provided the annual financial statements 2011 (balance sheet, incomestatement and attachments) with an unqualified audit opinion.Income Statement – Extract from the Annual Financial Statements Breakdown of Grants in 2011 2011 2010 Others Public resources1. Donations and grants received in the business year 4,754,229.32 Euro 5,760,790.46 Euro Partners 9% 18%2. Use-up of donations and grants 5% received in previous years 3,592,543.67 Euro 4,067,819.56 Euro3. Donations and grants from business year not yet used -2,753,181.51 Euro -5,193,795.25 Euro 28%4. Revenue from use of grants from the business year 5,593,591.48 Euro 4,634,814.77 Euro 40%5. Other operating revenues 224,570.54 Euro 325,792.61 Euro Donations6. Directly attributable project expenditures a) Project expenditures -2,447,641.13 Euro -1,705,080.40 Euro Private foundations b) Payments from project partners -834,013.93 Euro -917,148.38 Euro c) Depreciation -100,880.25 Euro -104,527.15 Euro d) Staff costs -2,204,927.82 Euro -2,032,643.78 Euro -5,587,463.13 Euro -4,759,399.71 Euro Project Costs7. General administrative costs and advertising a) Staff costs -164,223.69 Euro -200,310.32 Euro in 2011 (per region) b) Other expenditures -154,546.73 Euro -145,764.04 Euro -318,770.42 Euro -346,074.36 Euro Ethiopia Hannover/Berlin*8. Income from finance sector 88,071.53 Euro 144,866.69 Euro 9% 25%9. Net earnings for the year 0.00 Euro 0.00 Euro Kenya 16% 15% Brussels* 9% Tanzania 11% 15% Uganda Other countries** * Public relations and advocacy projects ** In West Bangladesh, Burkina Faso, Burundi, India, Indonesia, Mali, Mozambique, Nepal, Niger, Pakistan, the Philippines, Rwanda, and Senegal.
  3. 3. 22 Balanc e She e tExcerpt from the Notes to the Financial Statements for Fiscal Year 2011General Information EquityThe annual financial statements are prepared in Euro in accordance The foundation capital is in Euro. The increase over the previouswith the accounting requirements for corporations under German year results from endowment contributions.commercial law. The descriptions of items for financial statement The item “donations and contributions not yet used in accordancepurposes and classification rules under German commercial law with the statutes of the Foundation” results from donations andhave been adapted to take account of the Foundation’s special contributions received and not yet used which are not subject to astructural features. The accounting standard for foundations (IDW particular usage agreement. It is used to cover project expensesRS HFA 5) has been applied as have the special rules for charitable which are not covered by co-financing and to cover advertising andorganisations under RS HFA 21. The structure of the income administration expenses.statement follows the cost of sales method, although the descriptionof items for expenditures which are not directly attributable to the The item “donations and contributions with a longer-termprojects continues to follow the type of expenditure format. commitment” indicates the extent to which noncurrent assets are financed through the use of earmarked funds on the balanceThe Foundation’s annual financial statements contain the current sheet date. Allocation to this item corresponds to the residual bookaccounting data for the head office in Hanover (including the Values of the assets on the balance sheet office in Berlin) and the representative office in Brussels,plus the accounts data taken from the country offices in Ethiopia, ProvisionsKenya, Tanzania, and Uganda. The annual financial statements The “other provisions” item covers all known risks and contingentprepared by the country offices have been examined by local liabilities. These are measured at the likely settlement amountauditors and provided with unqualified audit certificates. based on prudent business judgement.Accounting and Valuation Principles LiabilitiesBased on the way in which the inflow of donations and contri- In accordance with section 253 (1) of the German Commercial Codebutions is recognised as affecting net income following the (Handelsgesetzbuch, HGB), liabilities are measured at their settlementrequirements of RS HFA 21 and in accordance with the allocation amount. All liabilities fall due within one year. The “conditionallyof resources per the statutes of the Foundation and project repayable contributions” item is the project funding reserve.development, the result for the year is neutral. Staff CostsNoncurrent Assets Total staff costs of 2,369,151.51 Euro comprise the followingNoncurrent assets are generally valued at cost. Incidental domestic and internationalacquisition costs are taken into account and acquisition costreductions are deducted. The acquisition costs of noncurrent In Germany 1,144,845.83 Euroasset items that are usable for a limited period of time are subject of which project work 980,622.14 Euroto scheduled depreciation. of which administration and publicity costs 164,223.69 EuroAt the beginning of the year, high-risk securities were exchanged Other countries 1,224,305.68 Eurofor safer ones as part of a conservative investment strategy. Financial 2,369,151.51 Euroassets are shown at cost. Since no permanent impairments exist,no write-downs to the lower value have been made. Depreciationof assets in the country offices follows the rules applicable in thespecific country. Economic ownership is generally limited by Other Informationgovernment restrictions on disposal which take effect after the As at December 31st 2011, DSW employed 148 people (previousend of the project. year: 134) at the following locations: 31/12/2011 31/12/2010Current AssetsCurrent assets are measured at nominal value. Trade receivables Hannover 17 21are mainly the result of payments to our country offices’ partner Berlin 6 5organisations and amounts of requested project funding receivable Brussels 5 8from various funding providers. Liquid funds are valued at their Kenya 31 18nominal value. Foreign currency credit balances are valued at the Ethiopia 47 43average spot exchange rate on the balance sheet date. Tanzania 15 13 Uganda 27 26 148 134
  4. 4. Proje c t Ov e rv ie w 23 Main Activities in Low- and Middle-Income Countries during 2011 Pakistan Besides our nationwide Youth-to-Youth Initiative in Nepal Kenya, Uganda, Ethiopia, and Tanzania, we engage in India active dialogue with political decision-makers at the Mali NigerSenegal local, regional, and national levels. Burkina Faso Ethiopia Uganda Kenya Rwanda Indonesia Burundi Tanzania Mozambique Countries where DSW has offices DSW’s partnerships with subgrantees Project Brief Description Ethiopia Kenya Tanzania Uganda Other Countries AHEAD for World Bank Increasing the capacity of CSOs to effec- Advocacy tively conduct SRHR advocacy targeting national level World Bank and government • • • • decision-makers (P. 12, 13) Bonga Integrated Participatory Integrated environment and family planning Forest Management and Reproductive Health Project project in the Kaffa Region • Empowered for a Healthy Promoting community-based responses Marriage to the needs of married adolescents and young women in East Wollega • Euroleverage Increasing funds for reproductive health and family planning (RH/FP) from EU donors and national developing countries, and empowering RH/FP organisations to • • • • • mobilise resources (P. 13) Fight Fistula Educating communities about causes, treatment, and prevention options (P. 8) • Fit for Future Addressing the SRH of young women in the informal sector • Healthy Action Empowering and increasing the capacity of East African non-state actors to advocate effectively for better health policies and • • • funding (P. 12, 13) Invest in Adolescents Empowering young people and supporting adolescent-serving CSOs • • • • Kakamega Environmental Integrated environment and family planning Education Programme project in the Kakamega rainforest • Safe Motherhood Improving health of young mothers (P. 9) • Shujaa HIV & AIDS awareness project for most at risk populations • Training Centres Regional course and training activities • • • Working Together for Addressing the needs of vulnerable popula- Decent Work in East Africa tions in the informal sector (P. 8, 9, 10) • • • Young Adolescents Project SRHR education for 10–14 year olds (P.11) • Youth-to-Youth Initiative Peer-led youth-to-youth education and awareness activities (P. 6, 7) • • • • Youth Truck In-country mobile SRHR education (P. 10) • • •
  5. 5. Thank You 25Thank You!Two trust foundations support our work: the Alfred Biolek Stiftung – Hilfe fuerAfrika, and the BISS Stiftung founded by Dr. Bernhard and Ingeborg Scharf. DSW gratefully acknowledges the general support itWe wish to express our sincerest gratitude to the two trust foundations, ourfounding patrons Marlene v. Reichenbach and Christian Schrom, as well as to receives from individuals and foundations – including majorour other numerous benefactors, especially Karl Fieger, Hans-Joachim and grants from the Hewlett and Packard – which undergridsChrista Tegtmeier for their long-standing confidence in our work. all the Foundation’s work.A special ‘thank you’ goes to the following companies that have supported usin 2011 with donations of 100,000 Euro or more:The organisation BONITA GmbH & Co. KG The German company, Rossmann, is a key Due to the generous support of Bayerhas been a generous supporter to DSW supporter of the Foundation and has been HealthCare Pharmaceuticals, young people infor twelve years. Their incredible support since DSW was founded more than twenty Uganda aged between 10 to 14 years knowenabled us to strengthen our training years ago. We thank you for your long-term how to protect themselves against AIDS andcentres in Ethiopia and Uganda. commitment and confidence in our work. unwanted pregnancies.Our sincerest thanks also goes to all of the companies, foundations, organisations, associations, and public authorities who generouslysupported our work in 2011.Companies that Made a Contribution of Grand Hotel Mussmann GmbH Foundations, Organisations, Associations,25,000 Euro or More: Gruenhagen GmbH and Public Authorities: Gruenhagen Vermoegens-Beteiligungs GmbH & Co. KGAchenbach Art Consulting Buergerstiftung Rohrmeisterei Guennewig GmbH & Co. KGWERTGARANTIE, Techn. Versicherung AG C. H. Beck Stiftung gemeinnuetzige Aktiengesellschaft Commerzbank AG FFM Stiftung GWP Gesellschaft mbH für Weiterbildung und5,000 Euro or More: Else Kroener-Fresenius-Stiftung Personalmanagement European CommissionBankhaus Sal. Oppenheim JR. Cie KGAA Hannover Finanz GmbH Eva Mayr-Stihl-StiftungB. Metzler seel. Sohn & Co. KgaA Hempelmann KG Foerderkreis Rotary Club Bad SalzuflenBoehringer Ingelheim GmbH Hildegard Braukmann Kosmetik GmbH & Co. KG Fritz Behrens-StiftungDaimler AG Hirschmann GmbH Hamasil Stiftung, SwitzerlandEvonik Degussa GmbH instore solutions services GmbH ISO-Elektra Heinrich Piepho StiftungFEIG ELECTRONIC GmbH Karosserie- und Fahrzeugbau Josef und Therese Arens StiftungL’Oréal Deutschland GmbH Schlumbohm + Rohde GmbH Katholische Frauengemeinschaften DeutschlandsNienstedt GmbH Kroegers Buch- und Verlagsdruckerei GmbH LebensChancen International e. V.RDG Facility Management KSB Intax MUT-StiftungRossini Gastronomie GmbH Melitta Kaffee GmbH New Venture Fund, USAROVA Invest GmbH M.S.T. Warensicherungen AG, Switzerland Niedersaechsische Bingostiftung fuer Umwelt undSchwarzkopf & Henkel GmbH Multivac Marking & Inspection GmbH & Co. KG EntwicklungszusammenarbeitUnilever Deutschland GmbH Nilfisk-Advance AG Niedersaechsische Staatskanzlei Papitex Zimmermann GmbH Nike Foundation, USA1,000 Euro or More: Park Inn Hotel (Hannover) Project “Direkt Uganda” Paul Schindler AGAdolf Wuerth GmbH & Co. KG Renate-Dommasch-Stiftung Reckhaus GmbH & Co. KGAppl Druck GmbH & Co. KG Rotary Deutschland Gemeindienst e. V. Reckitt-Benckiser Deutschland GmbHBertelsmann AG Schleicher-Stiftung Robert Bosch GmbHBremer Reklame & Design GmbH City of Hannover Rolf Dreyer Yachtschule & LehrbuchautorBWH GmbH – Die Publishing Company Stiftung Evolutionsfonds Apfelbaum Rufin Cosmetic GmbHCONTAX HANNOVER Stiftung van Meeteren SBS Lichtwerbung GmbHDr. Ing. h. c. F. Porsche AG T. und H. Klueber-Stiftung, Switzerland Skoda Auto Deutschland GmbHElektroanlagen Podemski GmbH The Bill and Melinda Gates Foundation, USA TUI AGFerdinand Dameris GmbH & Co. KG The David and Lucile Packard Foundation, USA vph GmbH & Co. KGFeymedia Verlagsgesellschaft mbH The William and Flora Hewlett Foundation, USA Weingut Werner DoennhoffGeorg Parlasca Keksfabrik GmbH The World Bank Wiebold Confiserie GmbH & Co. KGGerschau. Kroth. Werbeagentur GmbH United Nations Population Fund (UNFPA) Wilkinson Sword, Simone Schmidt Verein der Freunde Zonta e. V. wolff interactive GmbHGraeflicher Park GmbH & Co. KG Werner und Karin Schneider-Stiftung YTRON Process Technology GmbH & Co. KG World Health Organisation