Income

Item

Actual 2003

Budget 2003

Actual 2002

Revenue from own fundraising

968,656

876,716

748,733

Legacies

22,689

25,000

0

Net revenue sold articles

1,788

0

3,668

Costs of own fundraising

Direct fundraising costs

(110,472)

(178,482)

(146,103)

General and administrative costs

(55,919)

(66,280)

(45,912)

Net revenue

826,742

656,954

560,386

Interest

1,683

0

2,095

Total amount available for program service

828,380

656,954

562,481

Expenditure

Program Service:

Tibet Awareness

579,409

787,710

545,461

Total amount spent on program service

579,409

787,710

545,461

Surplus

Surplus has been added to:

Fund business management assets (restricted capital)

1,956

0

1,311

Other disposable capital (unrestricted capital)

247,015

(130,756)

18,331

Total Surplus

248,971

(130,756)

17,020

Balance Sheet - 31 December 2003 (in EURO)

Assets

Item

31 Dec. 2003

31 Dec. 2003

Tangible fixed Assets:

Office inventory

3,360

1,404

Current Assets:

Debtors and prepaid expenses

39,089

28,471

Cash at bank and in hand

463,648

262,491

Total Assets

506,097

292,366

Capital and Liabilities

Capital:

Other disposable capital (unrestricted capital)

445,032

198,017

Fund business management assets (restricted capital)

3,360

1,404

Current liabilities:

Accrued expenses and creditors

57,705

92,945

Total capital and liabilities

506,097

292,366