Financial report 2020

Financial report 2020 Social Capital is the power of our network & sustainable base for change

* The yearly statements have been controlled in accordance with the 4-eye principles. Overall all invoices and payments have been double checked resulting in fully reconcilled financial statement for 2020.

* OWC works with the concept of setting the budget per dedicated activity based on expected costs, for which the budget is asked for. With our organisation based on volunteers and youngsters, the salary costs are limited so that most of the budget goes to the project itself. In case the budget is not used, the excess balance is paid back to the sponsor, so that the sponsor is guaranteed that the donation is used for its purpose.

* in 2020 the key focus was on local initiatives in Den Bosch, and our core countries abroad Rwanda, Nepal, Kenia and Kurdistan-Iraq. In Rwanda we supported the setup of a local radio station, helped 50 youngsters with ICT training, supported a group of 35 young moms to start the GAAFAADE COLLECTION start-up. In Kenya we supported the Peace Football Tournament, the Shepherd school, the ICT Center and WORK of Water startup for water filters. And in Nepal we supported development of Low Tech tools for agriculture innovation and preparation of a greenhouse and irrigation technics to make the local farmers self-sufficient and better resistent for local weather changes.

In centre so that all good initiatives can be shared within the OWC network by the youngsters themselves instead of consultants.