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MANAGEMENT BOARD and CEO's REPORT
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To Donors, Potential Donors, Members of the Advisory and Supervisory Board and Active YKIP Members.
In 2006 YKIP received donations of Rp.1,420,697,064 (Approx. US$156k). Of this Rp582,833,095 (Approx. US$64k) was in unrestricted and Rp. 837,863,969 (Approx. US$92k) in restricted donations. This was a year on year increase of 46% and a drop of 79% respectively.
The drop year or year in restricted donations is a timing issue. In 2005 the Annika Linden Foundation/Reset Team made a very large donation of Rp 2,628,675,354 (approximately US$288,000) and only Rp 303,368,380 (approximately US$33,337) in 2006. However the 2005 donation included funds for 2006. (The additional funds received in 2006 were a supplementary budget.) For 2007 the Annika Lyndon Foundation/Reset Team has again generously committed to a large budget (approximately US$291k), however it will arrive in 2007, not 2006.
With these donations and our reserves YKIP was able to fund the following projects in 2006:
Project |
2006 |
Expenditure Rp |
Expenditure
US$ Approx. |
%age |
EDUCATION |
|
|
|
Kembali Project |
388,394,725 |
43,155 |
17% |
YKIP-YKIDS* |
170,226,490 |
18,914 |
8% |
2005 Bomb Victims Micro Loan & Education Donations |
168,196,014 |
18,688 |
8% |
HIV/AIDS Awareness School Program |
99,797,770 |
11,089 |
4% |
Other Educational Donations |
34,395,033 |
3,822 |
2% |
Sub Total |
861,010,032 |
95,668 |
39% |
HEALTH |
|
|
|
Prosthesis & Orthopaedics |
389,417,625 |
43,269 |
18% |
Pasar Badung Project |
317,701,348 |
35,300 |
14% |
Aged Care Home |
131,356,500 |
14,595 |
6% |
2005 Bomb Trauma Counselling |
67,355,400 |
7,484 |
3% |
Hearing Impairment |
40,330,000 |
4,481 |
2% |
MREC – Unud |
3,580,000 |
398 |
0% |
Sub Total |
949,740,873 |
105,527 |
43% |
OTHER |
|
|
|
East Bali Poverty Project |
397,725,240 |
44,192 |
18% |
Ubud Writers Festival |
9,000,000 |
1,000 |
0% |
Sub Total |
406,725,240 |
45,192 |
18% |
Grand Total |
2,217,476,145 |
246,386 |
100% |
· Part of these funds came from YKIDS under the terms of our joint project.
This represents an increase of 28% on our 2005 Projects of Rp 1,725,957,001 (approximately US$192k).
The discrepancy between donations and expenses is because almost all our projects are multi year commitments with the donation being used, for example, to fund a child's education for several years. At the end of 2006 unrestricted reserves were Rp 805,901,931 (US$89,545) while restricted reserves were Rp 3,482,290,977 (US$386,921).
General and Administrative expenses were Rp 214,427,212 (approximately US$23,825) representing 15% of donations and 9% of spending. It is a tribute to our permanent staff and volunteers that we were able to hold expenses so low.
All the above projects are fully described in a separate and detailed report.
We would like to thank every one who has contributed to the work YKIP has undertaken during the year including our Auditors Public Accounting Firm Drs. Paul Hadiwinata, Hidayat and Associates which is part of the International PKF Association, who have again provided this audit pro-bono.
On behalf of the Board of Management and the CEO,
David W. Magson
Head of YKIP Management Board
Independent Auditors' Report
No. A/167 b/TNT /YS/07
The Board of Advisory, Management and Supervisor
Yayasan Kemanusiaan Ibu Pertiwi
We have audited the accompanying statements of financial position of Yayasan Kemanusiaan Ibu Pertiwi (the "Foundation") as of 31 December 2006 and 2005, and the related statements of activities, and cash flows for the years then ended. These financial statements are the responsibility of the management. Our responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with auditing standards established by the Indonesian Institute of Accountants. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statements presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Yayasan Kemanusiaan Ibu Pertiwi as of 31 December 2006 and 2005, and the results of its activities and its cash flows for the years then ended in conformity with generally accepted accounting principles in Indonesia.
Drs. Theo Kusnawara
License of Public Accountant No.98.1.0145
27 February 2007
NOTICE TO READERS
The accompanying financial statements are not intended to present the financial position, the results of activities and cash flows in accordance with accounting principles and practices generally accepted in countries and jurisdictions other than those in Indonesia. The standards, procedures and practices to audit such financial statements are those generally accepted and applied in Indonesia.
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