This year, your support has come during difficult times. More people than ever before are living in poverty. Many people are suffering because of high food prices, the aftershocks of global financial instability and the impacts of floods, droughts and other extreme weather events. Most of them have no savings to help them through tough times, and their governments offer no social welfare benefits.
During this past year, we’ve met and heard from people in the poorest parts of the Pacific and in the Horn of Africa, people who are now able to look forward to a better future as a result of your help.
We've heard from mothers in Bougainville who can provide water for their children without them getting sick, young farmers in Vanuatu who are able to make a living in their villages instead of having to move to the city, women in Papua New Guinea who are managing small businesses to support themselves and their children, and pastoralists in the Horn of Africa who have survived the worst drought in living memory.
Together, we’ve been able to help thousands of people lay the foundations for a better future. Thank you for your ongoing support.
Oxfam's finances for the year ending June 30, 2011
Where the money comes from
|Public donations and events||52%|
|Government grants for development programmes||23%|
|Emergency appeals from the public||6%|
|Oxfam International affiliates and other NGO grants||17%|
|Government grants for emergencies||1%|
|Interest and trading||1%|
TOTAL INCOME FOR YEAR ENDING JUNE 30, 2011
Where the money goes
|Advocacy and development education||9%|
|Raising further funds||21%|
TOTAL EXPENDITURE FOR YEAR ENDING JUNE 30, 2011
The overall programme expenditure is 66%* and includes the following areas:
Development programme (40%) is our long-term work with communities living in poverty, such as providing opportunities for families in Tonga, Papua New Guinea and Samoa to build a decent livelihood and providing safe water and sanitation in Bougainville and Vanuatu.
Emergency response (7%) is our overseas humanitarian relief work, which during 2010-2011 included essential help for people affected by drought in the Horn of Africa and the flooding in Pakistan.
Programme management (10%) is essential work undertaken by our staff to ensure our programmes are well set up and monitored, and are delivering the best possible results for people in need.
Advocacy and development education (9%) is work done both in New Zealand and overseas to tackle the underlying causes of extreme poverty; we focus on changing the policies and practices that keep people in poverty.
*Recent changes to the New Zealand Aid Programme have had a major impact on Oxfam’s programme spending in the 2010-2011 financial year. We were unable to make some payments to our programme partners during this financial year because of the timing of government funding agreements. With agreements secured for 2011-12, our spending on programme activities will return to the long-term level of approximately 75% in the 2011-12 financial year.
Our accounts are audited by Deloitte. Please contact us for further information.
A full financial report is available upon request