The NCVO's main fundraising effort is the Annual Radio/Telethon. Last year's event was held on 3rd November, 2007, and raised a record amount of just over CI $100,000! Proceeds from this fundraiser help us to donate funds to all NCVO projects and address other needs in the community. This year, the event will be held on Saturday 1st November.

Throughout the year other family orientated fundraising efforts take place such as garage and furniture sales. Donations of clothing, equipment, books, household goods, etc., are received at the NCVO "New to You" Bargain Shop and are sold to generate funds or are donated back to needy cases throughout the community. Other support comes from financial donations and voluntary assistance from service and youth organisations, churches, sports clubs, cultural and other organisations, and private citizens.

Treasurer’s Report For the Year Ended March 31, 2007

(Expressed in Cayman Islands Dollars)

PLEASE NOTE THAT THESE FIGURES DO NOT CONTAIN AUDIT REVISIONS ARISING FROM THE 2005 AUDIT.

Balance Sheet

Net asset at March 31, 2007 are $1,142,675 (2006 - $1,076,902).  This represented an increase in the net assets of NCVO by $65,773 from 2006, made up of:   

                                                           2007  

Cash                                  $               55,684

Receivable                                         49,475

Capital Assets                                 (  39,386)

                                                           65,773

Cash

Cash balance as at March 31, 2007 was $263,738 (2006 - $208,054).  Cash increased by $55,684 from 2006.  The increase is the result of the following:

                                                                                                     2007    

Current Year’s Cash Income over Expenditures     $              105,159

Changes in working capital                                                         49,475

                                                                                                      55,684

Capital Assets

Capital assets as at March 31, 2007 were $827,963 (2006 - $867,348).  Capital assets decreased by $39,386 from 2006 as a result of depreciation .

Current Year’s Deficit

The net surplus for 2007 was $65,773 (2006 – net deficit of $9,525). 

The surplus over 2006 is primarily a result of an increase in of donations of $107,259, off-set by increases in expenditures. 

Kenneth M. Krys

Treasurer

Current Projects

The Pre-School, Nursery and Foster Home have several projects planned for 2008 which will require funding, including the purchase of educational and art supplies for the Pre-School and a summer vacation for the children in the Foster Home. Also planned for the home is the building of an additional bathroom and an attic conversion to a games room. For more information about the 2008 requirements, please contact Janice Wilson on 949-2124 or ncvo@candw.ky

Donations

The NCVO welcomes donations through individuals who are preparing their wills, estate planning, and charitable trusts.

To make a donation to the NCVO:

please send to NCVO, P.O. Box 1140, Grand Cayman KY1-1102,

or email Janice Wilson, NCVO Chief Executive Officer at ncvo@candw.ky to discuss donations, cheques to be made payable to NCVO.