In 2016, help and hope’s total income was 2,040,827.17 EUR – including endowments, which were higher than in any year before. The foundation partly has the help and hope donation boxes to thank for this. These brought in an income of 790,963.22 EUR in 2016. In the past year, many new partners have been brought in who set up the unique donation boxes in their companies.
This has helped make help and hope one of the largest foundations in Germany.
The total income is offset by project expenditure to the amount of 1,178,942.075 EUR. This amount comprises expenditure on project funding to the amount of 492,360.69 EUR and expenditure on own projects to the amount of 686,581.38 EUR.
In 2016, help and hope was able to fund 46 social projects. Funding focused on charitable projects in North Rhine-Westphalia, with 87% going to such projects. Expenditure for own projects includes expenditure on the training programme “GidZ – Together into the future”, the “4YOU” language and integration project as well as the major project "Gut Königsmühle".
Allocation of income from donations
I audited the annual financial statement for the help and hope foundation, taking into consideration the accounts, for the financial year from 1 January to 31 December 2016. The subject of the audit was expanded pursuant to Section 5, subsection 3 of the statutes and Section 7, subsection 1 of the NRW state law (StiftG NRW) on foundations. The audit therefore also extends to the preservation of assets and use of income generated by assets and other disposable assets in accordance with the statutes. Accounting and preparation of the annual financial statement in accordance with the provisions of German commercial law and the additional regulations in the statute are the responsibility of the foundation’s legal representatives. My task is to submit an assessment regarding the annual financial statement, taking into consideration the accounts, and regarding the expanded subject of the audit, based on the audit I perform.
I have performed my annual financial statement in accordance with Section 317 of the German Commercial Code and Section 5, subsection 3 of the statutes and Section 7, subsection 1 of StiftG NRW, taking into consideration the principles of proper auditing of financial statements set out by the Institute of Auditors (IDW). According to said principles, audits must be planned and performed in such a way that inaccuracies and infringements which have a significant impact on presentation of the image of the asset, financial and income situations depicted by the annual financial statement, taking into consideration the principles of proper accounting, are recognised with sufficient certainty and that it can be assessed with sufficient certainty whether the requirements arising from the expansion of the subject of the audit in accordance with Section 5, subsection 3 of the statutes and Section 7, subsection 1 of StiftG NRW have been fulfilled. Knowledge of the foundation’s business activities and its financial and legal context, as well as expectations of possible errors, were taken into account in establishing the auditing procedures. As part of the audit, the efficiency of the internal monitoring system and evidence supporting the disclosures in the accounts and annual financial statement are assessed based on random samples. The audit comprises the assessment of the accounting principles used, the legal representative’s significant estimates and the evaluation of the overall presentation of the annual financial statement. It is my opinion that my audit provides a sufficiently certain basis for my assessment.
There have been no objections to my audit.
It is my belief that the annual financial statement, taking into consideration the principles of proper accounting, accurately depicts the asset, financial and income situation of the foundation. There were no objections to the audit of the preservation of assets and use of income generated by assets and other disposable assets in accordance with the statutes in line with Section 5, subsection 3 of the statutes and Section 7, subsection 1 of StiftG NRW.
The foundation is growing
Since its establishment in 2005, the help and hope foundation has continued to grow and income has risen consistently, partly due to the success of the donation boxes. In 2015, the foundation achieved the best result in its history, at around 2.5 million euros. However, help and hope also relies on contributions to the endowment fund. To ensure it is well set up for the future, the endowment fund is being expanded further. The foundation is already among the biggest 25% of foundations in Germany (measured based on endowment fund). Rising income has allowed the foundation to expand its project-related activities in recent years. This means not only that the foundation’s own projects, such as the training programme
“GidZ – Together into the future” and the language and integration project “Hand in Hand”, can come to life, but also that project funding activities can be expanded, as there are many social projects which are desperate for funding. Working closely on projects and with the people behind them, the foundation’s employees know exactly where donations are being spent and whether they are going to those in need. In the medium to long term, help and hope would also like to implement more of its own projects, as the foundation has the necessary personal and financial resources and knows from its day-to-day work where the need is greatest.