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Meetings and board expenses

In 2012, the Board of Trustees held four regular meetings.

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Remuneration of the Executive Director

Following War Child’s stringent low-cost policy, remuneration is set below the guidelines of the Dutch Fundraising Institutions Association (VFI) for management salaries of charitable organisations (Adviesregeling Beloning Directeuren van Goede

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Financial risks

War Child‘s objectives require multi-year commitments. The level of income can fluctuate year by year, while multi-year obligations have to be fulfilled.

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Income and expenditures

In 2012, income increased by 22% compared to 2011 to almost € 22.7 million, an increase of over € 4 million and approximately € 0.7 million above plan. Expenditures increased by 16% compared to 2011.

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Balance sheet

The continuity reserve financially covers War Child's short term risks and makes sure War Child can fulfil its obligations even if an unexpected income gap arises.

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