Child’s Dream

Audited Financial Report 2016

Foundation

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Table of Contents

Introduction 3

Reference to our Consolidated Financials 2016 5

Our Board 5

Financial Statements 2016 6

Balance Sheet (in THB) 6

Statement of Operations (in THB) 7

Notes 7

Breakdown of Project Expenses 2016 (in THB) 8

Information for Donors 11

Contact Information & Legal Domicile 12

Report of the Auditor 13

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Introduction

As the founders of Child’s Dream, it is our great privilege to address our dear friends, valued donors and various stakeholders each year in our annual report. Throughout the year we often get praised for the positive impact of Child’s Dream, but we also take to heart constructive criticism. Overwhelmingly, we receive confirmation that the decision we took 14 years ago was the right one. Setting up Child’s Dream has profoundly changed our lives forever and all this in an amazingly positive way. But then, this is not our achievement alone. The reward belongs to our entire team. ‘Alone we can do so little. Together we can do so much.’! For the two of us, this year’s annual report seems to be the perfect opportunity to stand back from the limelight and to put our 39 Child’s Dream heroes at centre stage. There are no external floodlights needed to make our extraordinary team shine, since this overwhelming energy all comes from within. Where to start? You might not be aware that our health team, taking care of hundreds of very sick little children, is on standby 24/7, sleeping in our safe-house. They do this, not just on normal nights, but also during weekends or times when others celebrate public holidays. It is not just an amazing commitment towards our work, but also a mental challenge to deal with emotional parents worrying about their children in a country foreign to them. Then there are the project heroes in our education teams who are in charge of building our schools or taking care of higher education programmes all over the region. Yes, it’s beautiful to visit South East Asia and experience the amazing mix of cultures and food. However, getting to the very remote corners of our work requires driving for a combined total of more than 150,000 kilometers a year! This is driving 3.5 times around the globe and in second-hand pick-up trucks. One has to bear in mind that, for almost half the year, we experience extreme weather conditions and many of the roads turn into mud slicks. It happens that, now and then, cars get stuck, forcing our project heroes to spend the night in the middle of nowhere. We will not elaborate on food and toilet issues, but one can imagine that such situations are rather out of the ordinary for most of us, right? Or picture visiting a remote programme location in Karen State of Myanmar, walking along a little footpath in the middle of a mosquito-infested jungle with armed soldiers both in front and behind you. There are no roads accessible to motorised vehicles. If there is public transport available in other areas, our teams spend nights on local buses, or what passes for buses, trying to reach projects by the next morning. Yes we could fly, but unfortunately, where we operate, airports are not much in supply. To facilitate all this, a strong logistical backbone is ready to support our work out of our three offices in Chiang Mai, Siem Reap and Yangon. By now you will appreciate that it is not we who deserve the credit. The credit goes to our many Child’s Dream heroes who make the organisation go round and round, every single day of the year. You will also understand why we call our colleagues ‘heroes’. Our heroes have families, partners, friends, children, parents, dogs and cats to care for at home, but still always keep their motivation and dedication high. This not only makes us eternally grateful, but also extremely proud. Our team of heroes truly goes the extra mile, day after day, improving the lives of tens of thousands of children and youth. Our heroes definitely deserve all the credit.

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And since only ‘together we can achieve so much’, a special thank you definitely also goes to all our donors, friends and families, who believe in us and give us the energy to keep going. What we have achieved together would not have been possible without all of you, so a million thanks from the bottom of our hearts!

Marc Thomas Jenni Daniel Marco Siegfried

Founder & President Founder & Vice-President

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Reference to our Consolidated Financials 2016

Child’s Dream, as a charitable organisation, consists of Child’s Dream Foundation Thailand and Child’s

Dream Association Switzerland. In order to give you an overview of our work, the consolidated

financials are available on our website.

This Audited Financial Report 2016 only reports on the work of Child’s Dream Foundation Thailand,

and is, therefore, not comprehensive. However, it is a legal requirement to publish this audited

financial statement. The audit report can be found on page 13.

Our Board

President & Founder – Head Operations

Marc Thomas JENNI, Swiss (4 years – end 2017)

Vice-President & Founder – Head Projects

Daniel Marco SIEGFRIED, Swiss (4 years – end 2017)

Vice-President

Pimpimon THONGTIAN, Thai (4 years – end 2017)

Treasurer – Head Focus Group Basic Education

Charuwan PHAISANTHAM, Thai (4 years – end 2017)

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Financial Statements 2016

Balance Sheet (in THB) 31.12.2016 31.12.2015

Assets

Liquid assets 23,375,569 16,193,426

Financial assets 12,675 12,675

Fixed assets 21,995,862 21,815,862

Total Assets 45,384,106 38,021,963

Liabilities, Funds and Capital

Liabilities 8,051,596 5,275,475

Paid-in capital 300,000 300,000

Unrestricted capital 30,766,143 29,296,760

Restricted funds 3,243,837 1,680,345

Surplus for the year 3,022,530 1,469,383

Total Liabilities, Funds and Capital 45,384,106 38,021,963

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Statement of Operations (in THB) 01.01.2016 -

01.01.2015 -

31.12.2016 31.12.2015

Income

Donations private individuals 114,930 147,681

Restricted 100,000 214,930 1,890,000 2,037,681

Donations corporate 1,025,652 369,160

Restricted 10,189,124 11,214,776 4,224,587 4,593,747

Interest 39,873 35,573

Donation transfer from Child’s Dream

Association Switzerland

90,834,368 92,337,572

Total Income 102,303,947 99,004,573

Expenditure

Project expenditure 87,240,128 87,156,560

Administration & Fundraising expenditure

Personnel costs 6,438,357 5,926,567

Utilities 458,512 253,272

Vehicles & Transportation 35,220 64,064

Administration, Communication & IT 1,243,394 630,750

Travelling & Fundraising 274,508 252,300

Other costs -123,499 39,002

Financial costs 9,305 21,997

Depreciation 342,000 150,000

Provisions 1,800,000 10,477,797

1,360,333 8,698,285

Total Expenditure 97,717,925

95,854,845 Allocation to/from restricted funds 1,563,492 1,680,345

Surplus for the year 3,022,530 1,469,383

Total 102,303,947

99,004,573

Notes 1) The financial statements were compiled in accordance with Swiss GAAP FER21 (for charitable,

social non-profit organisations) but audited according to Thai audit standards.

2) Income and expenditure are recorded on a cash basis.

3) Administration expenditures are not allocated to projects. An allocation would be calculated proportionally to the project costs (according to Swiss GAAP FER21, Rz. 26).

4) The consolidated administration expenditure of Child’s Dream Foundation (Thailand) and Child’s Dream Association (Switzerland) was 5.9%.

5) No statement of change in capital was compiled.

6) A funds flow statement has not been compiled (according to Swiss GAAP FER21, Rz. 27).

7) There are currently no liabilities concerning projects; otherwise, this would be disclosed in the following ‘breakdown on project expenses’.

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Breakdown of Project Expenses 2016 (in THB)

Basic Education Year 2016

Thailand – all Provinces High School Scholarship Programme 3,331,380

Vocational Scholarship Programme 1,764,504

School Stationery 51,365

Various Supporting Activities 29,049

Various Expansions & Renovations 245,708

Volunteer Spirit Organisation - Life Skills Training 620,862

Mae Hong Son Province

Ya Prage Salawin Learning Center – Running Costs 269,965

Teacher as Coach & Project Based Learning 257,112

Tak Province

CDC School Complex, Maintenance – Mae Sot 216,151

CDC School Complex, Renovation and New Building – Mae Sot 243,575

Baan Hua Fai Primary School – Mae Sot 20,012

Pyo Khinn Migrant Learning Center, Running Costs – Mae Sot 633,733

BHSOH Primary and Secondary Migrant School, Running Costs – Mae Sot 2,039,853

Hsa Thoo Lei Migrant Learning Center – Mae Sot 252,537

Chiang Rai Province

Half Day School Programme, Running Costs – Mae Sai 199,062

Kanchanaburi Province

Children of the Forest Foundation, Running Costs - Nonglo 1,271,399

Chiang Mai Province

Shan Youth Power – Migrant Rights Training 121,220

Mother tongue based Billingual Education Programme – whole province 3,381,896

Others* 519,676

Total Thailand 15,469,059

Laos – all Provinces

High School Scholarship Programme 3,861,790

Vocational Scholarship Programme 1,982,227

Water Systems 225,567

Various Supporting Activities 387,828

Various Expansions & Renovations 81,853

Computer Laboratories 304,234

Child Protection Training 28,012

Savannakhet Province

Na Thom Lower Secondary School – Atsaphon 232,500

Baan Phin Lower Secondary School – Utumporn 240,000

Dong Khan Khoo Lower Secondary School – Champhone 1,635,000

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Na Hung Noi Lower Secondary School – Atsaphon 91,000

Laosuliya Secondary School – Savannakhet 14,500

Baan Wieng Lower Secondary School – Atsaphon 119,000

Na Lai Secondary School – Atsaphon 2,578,888

Non Huang Primary Schools – Atsaphon 933,967

Lao Yai Primary School – Uthumporn 608,510

Champasak Province

Ka Touat Primary School – Pak Xong 84,000

Nong Pham Secondary School – Champasak 60,000

Nong Tae Primary School – Champasak 100,000

Don Khone Secondary School – Khong 1,437,464

Na Cheauk Primary School – Khong 1,727,018

Xaiyabouli – Province

Nam Tub Lower Secondary School – Xaiyabouli 71,500

Na Tung Primary School – Paklay 70,000

Na Tung Lower Secondary School – Paklay 70,000

Na Mon Secondary School – Xaiyabouli 72,500

Baan Muang Boarding House for Boys – Xaiyabouli 47,500

Baan Muang Boarding House for Girls – Xaiyabouli 47,500

Ekkaphap Secondary School – Xaiyabouli 151,420

Had Ngam Lower Secondary School – Kob 75,000

Kiw Kham Lower Secondary School – Phiang 52,500

Na Tan Secondary School – Phiang 755,558

Pa Lai Secondary – Paklay 1,383,399

Pang Hai Secondary School - Kob 1,066,538

Samakkeexai Lower Secondary School - Ngern 826,771

Luang Prabang – Province

Pak Lueng Secondary School – Chom Phet 2,002,000

Nam Duan Lower Secondary School – Nam Bak 1,995,000

Hua Na Lower Secondary School – Nam Bak 3,800,000

Na Ngiw Boarding Houses – Chom Phet 932,238

Vieng Kham Boarding Houses – Vieng Kham 953,244

Sam Soum Boarding Houses – Vieng Kham 1,429,867

Others* 1,210,461

Total Laos 33,746,354

Total Basic Education 49,215,413

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Higher Education

Thailand

Chiang Mai Province

BEAM Education Foundation 2,438,523

Mae Hong Son Province

KnCC Karenni Community Learning Centre, Refugee Camp 1 657,473

Tak Province

Youth Connect Vocational Training Center – Mae Sot 3,808,044

Knowledge Zone Vocational Training Center – Mae Sot 870,769

KRCEE Karen Refugee Committee - Education Entity – Mae Sot 10,871,948

Others* 97,708

Total Higher Education 18,744,465

Health

Children’s Medical Fund – Myanmar Patients 16,964,222

Children’s Medical Fund – Laos Patients 2,316,028

Total Health 19,280,250

*Others This position includes project related travel expenses, overtime of project managers, project related communication expenses (including IT material), per diem allowances and project identification & monitoring expenses, which cannot be properly allocated. If allocated, an allocation would be proportionally to the project expenses. Hence, the ‘true’ cost of each project is 2.1% higher than listed.

Total Basic Education 49,215,413

Total Higher Education 18,744,465

Total Health 19,280,250

Total Project Expenses 2016

87,240,128

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Information for Donors

Please only use our Thai legal entity for donations in Thai Baht (THB). If you wish to donate to our

organisation in other currencies or by credit card, PayPal, cheque or Bitcoins, visit the donation page

on our website under:

http://childsdream.org/donate/

Bank Transfers

Bank transfers can be made to the following account:

Bank: Siam Commercial Bank

Rajabhat Branch

Chiang Mai 50300

Thailand

Account Holder: Child’s Dream Foundation

Account Number: 821-222061-4 (THB)

Please inform us by email or phone about your donation to our Thai bank account since we might

not see the name of the depositor.

By Cheque

Please only make Thai Baht cheques payable to 'Child’s Dream Foundation' and send them to our

address in Thailand as stated below under ‘Contact Information & Legal Domicile’.

For cheques in all other currencies, please make them payable to ‘Child’s Dream Association’ and send

them to our office in Chiang Mai.

If you are interested in making a bequest to us in your will, please get in touch with one of the two

founders.

If you would like further information on how to make a donation or a grant, please don’t hesitate

to contact us.

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Contact Information & Legal Domicile

Please contact and visit us! We will be happy to show you where and how we work. It would be a

pleasure for us to bring our very special world a bit closer to you.

Child’s Dream Foundation

238/3 Wualai Road, Soi Boon Muang

T. Haiya, A. Muang

Chiang Mai, 50100

Thailand

Tel: +66 (0)53 201 811

Fax: +66 (0)53 201 812

E-mail info@childsdream.org

Website www.childsdream.org

Facebook www.facebook.com/childsdreamfoundation

LinkedIn www.linkedin.com/company/child's-dream-foundation?trk=tabs_biz_home

Twitter www.twitter.com/Child_s_Dream

YouTube www.youtube.com/user/childsdreamtube

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Report of the Auditor

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