Versie YEAR END ACCOUNTS. Stichting Hour of Power. situated at Laren (NH) Netherlands

Transcription

1 Versie YEAR END ACCOUNTS 2014 Stichting Hour of Power situated at Laren (NH) Netherlands

2 page 1.1 Management report 1 / Balance sheet as per December 31, Statement of income and expenditure

3 1.1 Management report Name organization: Stichting Hour of Power, based in Laren Registration Chamber of Commerce: RSIN-number Board of directors and management J.A. Townend (president) J. S. van den Bosch (vice president) J. E. Charles (member) The management was conducted as per December 31st, 2014 by: L. Pool Objective Hour of Power aims to inspire people to respect the mission Know God, love people and serve your neighbor by maintaining a positive and strong relationship with Jesus Christ. Hour of Power seeks to achieve this objective by broadcasting a church service on RTL 5 (Sunday at 8.00 and 9.00) in which the positive gospel of Jesus Christ is proclaimed in an accessible and modern way. The services are led by Bobby Schuller and the broadcasts are transmitted from Shepherd's Grove. With the program, we hope to provide tools that people can use in their daily lives. The payoff of Hour of Power in the Netherlands is "because we believe in Love". This core value we carry out in all our activities. The foundation is based on the objectives of the Crystal Cathedral Ministries at Huntington Beach, California, USA, and has a strong co-operation with this organization. Policy Brief With the above ideal objective Hour of Power reaches out to the widest possible group of viewers with the message of Faith, Hope and Love. Moreover Hour of Power also fulfills a social need. Mostly elderly, who for health reasons cannot go to church anymore or because churches are closed, have a great need for watching our program. We also receive lots of positive messages from prisons, retirement homes and hospitals. In order to achieve all of this a continuity of our ministry is necessary. In early 2014 the Centraal Bureau voor Fondsenwerving (Central office of Fundraising) reported that donations to charity show a downward trend. Also Hour of Power has strongly felt the effects of the economic recession in recent years. The decline in the number of donors has resulted in less available budget. Given the fluctuation of number of donors over the past few years, the foundation has formulated a measurable target of recruiting at least 1,000 new donors each year. The policy for the next five years, can be summarized as "do more with less" in order to continue the broadcasts. We refer to our website for more information about our organization and a list of activities that the Hour of Power is doing in the field of fundraising. Recurring elements include supporter's campaigns (two times per year), TV-advertising, ads, social media activities, concerts and other events. page 1

4 1.1 Management report Modern Media Another policy priority of the coming year is to recruit new donors and enhancing efficiency especially in the field of modern media. In addition to the pre-war generation and the baby-boomers generation, we will try to interest generation Nix and the generation of Einstein by using a today's approach. We will explore the possibilities of using a TV program / or Church service formats of Bobbie Schuller via the Internet or special 'theme' channels like YouTube. Though due to economic reasons it was decided that Hour of Power events cannot be organized in Nevertheless we will explore the possibility of organizing meetings or events especially for young people such as Power Praise, and or organizing special youth travel tours when a financial positive result can be shown. We want to rejuvenate and make sure to find the younger generation where they are: on the internet, on power pages, festivals etc. Remuneration policy: All board positions are unpaid. Hour of Power has two full-time and ten part-time employees. Further on Hour of Power is working with several volunteers. Report activities: For fundraising a donors campaign is developed and implemented twice per year. There are several different and complementary activities with objectives 1) more viewers 2) more donors 3) additional or increased donations 4) maintaining relationships with our donors 5) new addresses (prospective donors) and 6) return on investment of all our activities. Activities for donors - six times per year a physical newsletter (Hope Magazine) is sent out to our regular donors. A quite substantial group of loyal donors receives an newsletter every week. Resources used for this include our TV program, Hour of Power website, s, social media, physical mailings and TV spots. Products - Hour of Power Netherlands develops own products intended to support the faith of viewers and donors. These products are available in our online store and at stands appearing at various events in our country for a fixed fee. Chaplaincy - De Hooplijn (Hope Line) is a hotline of twenty counselors who are trained to speak to people in need. We provide pastoral care to those who request it. The character of the helpline is informative and not advisory. Guidance is a listening ear. Prayer Team - Hour of Power has a group volunteers of about 140 people who will pray for people's prayer requests through out the week. Financial accountability - Our annual report can be found on our website under 'financial report'. page 2

5 1.1 Management report Closing statement Looking back over 2014 it was a difficult year with the on going economic recession. Financially and substantively we had to work hard for the continuation of our mission and work. Due to the economic circumstances we ended with a deficit of ,00 and also for the year 2015 we are still in the process of looking out for other fields where expenses can be cut in order to meet the 2015 budgets and even more to end with a positive result. Nevertheless we are grateful to have been in the position to proclaim the message of Faith, Hope and Love to a very secularized nation where Jesus taught us: what you have done to the least of my brothers and sisters, you have done for Me. We do thank all our employees to walk the extra mile and all the volunteers for their efforts that made all of this possible. Managing Director Louis Pool page 3

6 2.1 Balance sheet as per December 31, 2014 (after proposed allocation of result) ASSETS Fixed assets Immaterial fixed assets Material fixed assets Current assets Inventories Debtors and Other receivables and prepaid expenses Stocks and shares Cash

7 EQUITY AND LIABILITIES Equity Reserves Current liabilities Creditors and Other payables and accrued expenses Accounts payable to group foundations page 4

8 2.2 Statement of income and expenditure 2014 Actual Budget Actual Gifts and income from fundraising Financial income Other income Total Income Production costs TV-program Costs of sales Personnel costs Depreciation fixed assets Other costs Total Costs Operating result Financial costs Exploitation result Allocation of result Reserves page 5