Initiatives of Change - International Association

FINANCE

Executive Summary of 2007 finances

Initiatives of Change International provides the following services to its members:

website and communication services

handling the interaction of Initiatives of Change with international organizations, especially the UN

managing the finances of the International Council, and

facilitating the operations of those programmes which need to take place under international, rather than national, auspices.

Each of these appears in the expenditure summary below, along with the governance and running costs of IofC International itself.

Its income is drawn from four principal sources: membership fees, additional donations from members, other donations and grant funding for transnational programmes.

IofC International has a policy not to appeal for funds in ways which might compete with the fundraising efforts of its members.

Expenditure summary.

In CHFr (to nearest 100). Provisional, subject to audit (April ‘08).

	2006	2007
Work with international organizations	136,100	164,200
Communications and websites	32,000	120,200
International Council	56,700	58,000
Transnational programmes	212,800	533,000
Governance and running costs	6,900	28,400
Total	444,500	903,800

Income summary
Membership fees	11,600	21,400
Donations from members	204,900	278,700
Other donations	53,700	14,100
Grants for transnational projects	227,500	544,300
Other income	(2,900)	5,800
Total	494,800	864,300

Surplus of income over expenditure	50,300	(39,400)

Chris Evans, Treasurer.