{"id":17057,"date":"2020-05-07T12:50:16","date_gmt":"2020-05-07T10:50:16","guid":{"rendered":"https:\/\/hubi-vinciane.be\/financieel-verslag-2019\/"},"modified":"2021-06-07T12:14:44","modified_gmt":"2021-06-07T10:14:44","slug":"financial-report-2019","status":"publish","type":"post","link":"https:\/\/hubi-vinciane.be\/en\/financial-report-2019\/","title":{"rendered":"Financial Report – 2019"},"content":{"rendered":"\n

Income<\/strong><\/p>\n\n\n\n

The Foundation successfully closed the year 2019 with 310,000 euros in revenues<\/strong>. Once again this year, our Foundation was able to count on a large number of loyal donors and permanent partners who support our projects. Besides, additional income was allocated to specific projects: the Paula Van de Watering Fund supported the Malnutrition project, and the Am\u00e9lie & Elisabeth Fund supported the construction and maintenance of water wells and toilets in schools. The city of Leuven and the province of Flemish Brabant also increased their contributions respectively to “Every Woman a Banana Tree” and to the Foundation’s partner farm “Training Centre – Sokounon Farm”.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The expenses<\/strong><\/p>\n\n\n\n

Once again this year, the Foundation managed to limit total management costs in Belgium to 8,843 euros, or 2.88% of total income<\/strong>. These are administrative costs for publications in the Moniteur, financial costs, stamps, costs for the Newsletter and depreciation. The remaining 295,508 euros was spent in Benin on projects in the fields of health (85,276 euros), malnutrition (47,786 euros), education (39,829 euros) and agriculture (63,860 euros), office operations, staff and local costs (bank) (46,960 euros), logistics (2 containers of medical and other equipment: 11,797 euros).<\/p>\n\n\n\n

The CIAP <\/strong>(Centre d’InnovAction Parakou<\/strong>) was completed and solemnly inaugurated in November 2019. On the assets side of our balance sheet, the centre is recorded with an evaluation of 85 490 euros for the land and the building. The Foundation has also purchased a second-hand all-terrain vehicle that is used for larger goods and journeys that cannot be made by moped. In 2019, the building and the car were depreciated on a pro-rata basis: 2 months for the building and 3 months for the car.<\/p>\n\n\n\n

For the health programme<\/strong>, a total of 20,538 euros was spent on investments in the two partner hospitals in Papan\u00e9 and Boko. The largest amount, 64,738 euros, was spent on hygiene; the construction of 6 wells, 2 latrines and 7 urinals for schools and villages in the region.<\/p>\n\n\n\n

The Foundation devoted 47,786 euros to the project to fight malnutrition <\/strong>in 50 villages in the N’dali region, under the direction of our nutrition specialist, with 12 animators, actively tracking malnourished children and setting up awareness campaigns.<\/p>\n\n\n\n

The education programme<\/strong> for schools, the Summerschool programme with scholarships, support for the orphanage and the resumption of training for girls without diplomas at the CAMFP (Centre des Arts et M\u00e9tiers de la Femme de Parakou) took 39,829 euros from the budget.<\/p>\n\n\n\n

The Foundation devoted 22,745 euros to the agricultural program <\/strong>PRAFA (Project for Resilience and Empowerment of Women in Agriculture), a DGD program in collaboration with the NGO Eclosio. The banana project continued and amounted to 16,967 euros this year. The partner farm Centre de Formation et Ferme Sokounon received a total of 7,512 euros in support. The Foundation installed several Aquaponics systems (a solar-powered pump system that combines fish farming and small-scale horticulture): an investment of 16,635 euros.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

The result<\/strong><\/p>\n\n\n\n

The Foundation closes with a positive result of 28,206.31 euros<\/strong>, which is added to the reserve. The projects undertaken by the Foundation are usually spread over several years, both in terms of income and expenditure. This addition to the reserve also guarantees the continuity of ongoing projects in the near future. Thanks to the annual reservation of reserves, the Foundation’s assets are more than sufficient to ensure the continuity of the commitments made. If income is disappointing in a given year, projects can always be continued and completed.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Foundation successfully closed the year 2019 with 310,000 euros in revenues.<\/p>\n","protected":false},"author":8,"featured_media":17020,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6],"tags":[349,367,112],"class_list":["post-17057","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-messages","tag-2020-en","tag-financial-report","tag-de-stichting"],"acf":{"news_items":[{"ID":16326,"post_author":"8","post_date":"2019-06-01 02:52:29","post_date_gmt":"2019-06-01 00:52:29","post_content":"\n

Income<\/strong><\/p>\n\n\n\n

\"Financieel<\/figure><\/div>\n\n\n\n

In 2018 we have received donations amounting to \u20ac 257,795. In the first place, our Foundation was again able to count on a considerable number of donors who annually transfer an amount to our account.<\/p>\n\n\n\n

There was also income for specific projects. From the European Fund \"Frame voice Report\" the Foundation received \u20ac 13,484 for an awareness campaign in the framework of the Malnutrition Programme with the short films \"Plat du jour\" and a substantial donation of \u20ac 20,000 for the construction of the innovation and training centre in Parakou.<\/p>\n\n\n\n

Government revenues reached their highest level ever. This is mainly thanks to the city of Leuven, which in the past year granted both the 2017 amount of \u20ac 17,418 and the 2018 subsidy of \u20ac 21,952 for the project \"Every woman has her own banana tree\".<\/p>\n\n\n\n

Expenses<\/strong><\/p>\n\n\n\n

Expenditure in Belgium includes postage, costs for official publications, financial costs, mission costs, costs of the quarterly newsletter, acquisition of funds and promotion. The sum of the European Fund \"Frame Voice Report\" was invested in the recording, production and promotion of the Beninese short films \"Plat du Jour\", directed by a team of Belgian professionals. The share of the expenses in Belgium and Benin covered by the Foundation amounted to \u20ac 12,694, while the running of our Beninese headquarters cost \u20ac 11,248, which is more than usual. This extra cost was caused by the extension of our Beninese NGO status - the headquarters agreement. An audit had to be carried out involving several ministries who sent their deputies to participate in the evaluation.<\/p>\n\n\n\n

In February 2019 the extension of the headquarters agreement was confirmed, which allows the Foundation to continue to benefit from certain tax advantages in Benin. For the health programme a total amount of \u20ac 53,193 has been invested in the two partner hospitals in Papan\u00e9 and Boko. A further \u20ac 25,687 has been invested in two complementary projects: the \"Cleanest Hospital\" project in Papan\u00e9 Hospital in collaboration with the firm Materialise and the \"Malnourished Children\" project in both hospitals. The agricultural programme PRAFA (Project for Resilience and Empowerment of Women in Agriculture) with the NGO Eclosio is a DGD programme for which the H&V Foundation foresees an annual amount of \u20ac 30,000.<\/p>\n\n\n\n

The agricultural programme and the banana project resulted in an investment of \u20ac 17.984 this year. The partner farm \"Centre de Formation et Ferme Sokounon\" obtained a financial support of \u20ac 13.179. The educational programme giving support to schools, the membership to the mutual insurance company for each pupil, the hygiene lessons and the programme promoting the transfer of girls to secondary school cost a total amount of \u20ac 28.476. The summer school programme financed and monitored by the company Mat\u00e9rialise makes a scholarship available each year to 3 new students. The amount invested this year was \u20ac 13,179.00. The running costs and investments for the orphanage this year were \u20ac 17,753.<\/p>\n\n\n\n

As a result<\/strong><\/p>\n\n\n\n

The Foundation closes the financial year with a positive result of \u20ac 25,758. This exceptional reserve is due to a change in the DGD health programme. After a long deliberation the Foundation decided in 2018 not to continue the collaboration with the NGO Memisa for the health programme because of a diverging vision on certain investments.<\/p>\n\n\n\n

Following this decision the Foundation will no longer pay the annual amount of \u20ac 75,000 to Memisa, which used to contribute 20% of the co-financing. The Foundation will therefore again determine the investment of the released budget in the hospitals and the health programme in consultation with the management and the people directly involved in Benin, with the reduced disadvantage that the mission costs can no longer be recovered from the DGD budget for follow-up activities in Benin.<\/p>\n","post_title":"Financial Report - 2018","post_excerpt":"The income - the spending - the result","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"financial-report-2018","to_ping":"","pinged":"","post_modified":"2021-06-07 12:13:08","post_modified_gmt":"2021-06-07 10:13:08","post_content_filtered":"","post_parent":0,"guid":"https:\/\/hubi-vinciane.be\/financieel-verslag-2018\/","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}]},"yoast_head":"\nFinancial Report - 2019 - Hubi & Vincaine Foundation -<\/title>\n<meta name=\"description\" content=\"The Foundation successfully closed the year 2019 with 310,000 euros in revenues.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/hubi-vinciane.be\/en\/financial-report-2019\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Financial Report - 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