15.09.2011

2010 Financial Report

Current status and trends

The total budget for 2010 was €19,241,072.98, twice that of the previous year. This exceptional growth is related to the earthquake in Haiti and the floods in Pakistan.

Income

Total donations for 2010 were €12,193,902.23 including €8,466,803.34 in donations forwarded from the ‘Development Works Alliance’ (BEH). Excluding the BEH donations, income from donations was €3,727,098.89 (€2,808,278.27 in 2009). Government grants fell slightly (€4,243,319.61 compared with €4,404,783.88 in 2009). This shift is part of a strategy aimed at reducing our dependence on government grants. Grants from the medico international foundation grew to €44,857.66. The continued increase in donor membership is gratifying, as this enables us to work in a long-term and stable manner with our partners in the global south.

Expenditure

Operational expenditure was €8,724,612.58 in 2010 (92.10% of total expenditure). This breaks down into €6,835,115.89 (72.15%) spent on project funding, €1,133,396.75 (11.96%) on project management and €756,099.94 (7.98%) on campaigning and awareness-raising work. We funded a total of 116 projects in 2010 including large programmes such as humanitarian mine clearance in Afghanistan and emergency and reconstruction aid for Haiti and Pakistan. We supported the Pakistan NGO ‘HANDS’, a long-term comrade in the People’s Health Movement, with €1.1 million for evacuations, immediate aid and rebuilding of destroyed villages. From the start, even during the direct emergency relief phase, we endeavoured to plan the reconstruction jointly with our partners in the disaster areas of Haiti and Pakistan: a process that – if it is not simply to be imposed on people from outside – means taking a long breath and so will continue for some years to come. We ear-marked reserves totalling €7,480,944.81 as of 31.12.2010; €5,519,577.96 for the work in Haiti and Pakistan.

An outstanding aspect of our campaigning and awareness-raising work in 2010 was the conflict in the Middle East and our commitment for a new political framework of ‘Global Health’. The Berlin conference ‘Health justice – worldwide!’ launched an international civil society consultation process aimed at influencing the reform of the World Health Organisation (WHO).

Risks and opportunities

Of course this exceptional increase in donations will not last. However the risks that medico sees for project work only relate to the viability of individual projects. medico is financially and organisationally solid and there is steady support for our work from the critical public. All this is hard evidence that the opportunities outweigh the risks.