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Watoto Hong Kong

Incorporated in 1994 with offices in 7 countries
Hong Kong Office was set up in December 2008
Audit report stated the financial for the period from December 8, 2008 to December 31, 2009
Income and expense of General Fund and Ministry Fund were clearly stated on the audit report
Major source of income was donation
Even though the income and expense of Walkathon were the same, and the report did not show the donation income for ministry fund, we estimate the fund raising efficiency by the overall income and general fund expense as Hong Kong is a fund raising branch
Estimated fund raising efficiency is high and the cost of raising every $100 was about $9
Fund raising event expense (walkathon) was less than 2% of total expenditure
Project expense, salaries and administrative expense were about 78%, 3% and 12% of total expenditure
Salaries and administrative expense only took a small % of total expenditure
Administrative expense included $66,500 consultancy fee which seems like an one-off expense
Recurring administrative expense was about $5% of total expenditure only
Reflecting an effective cost control
Recorded a surplus
Cash in hand can support about 2 years of operation, however, the organization is expanding its service and building more schools and home so as to help children in need, according to its annual report
Services include physical care, medical intervention including HIV/AIDS treatment, education – formal and technical, trauma counselling and spiritual discipleship
Operating Children’s village and schools and teaching more than 3,300 students
Served more than 2,100 women
Welcome volunteers to visit and help in Uganda and have 360 degree leadership training school
Website posted the latest news frequently which is commendable

核查日期:Nov. 3, 2018

Rating
Fund Needs
$  
Fund-raising efficiency
Fund-raising expenses
Project expense
Staff salaries
Administrative expenses
010

Suggestion

To consider stating the walkathon income and fund raising target so that the public know how to help

Charity Information

To response to the overwhelming number of orphaned Children and vulnerable women in Uganda</br> To positioned to rescue an individual, raise each one as a leader in their chosen sphere of life so that they in turn will rebuild their nation</br> To provide physical care, medical Intervention Including HIV/AIDS treatment, education – formal and technical, trauma counseling and spiritual discipleship</br> Operating schools and home</br> Have a choir to perform oversea including Canada and the U.S.

http://www.watoto.asia/

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