2009 Annual Report (extract) – surviving the great recession
The 2009 Annual Report period has been testing, with costs escalating due to the decline in the value of the pound and income reducing, mainly because a match funding donor withdrew for reasons external to Wings Like Eagles. The impact on Wings Like Eagles was greatest in September and October 2008, when we regrettably had to withdraw our funding of a full time disaster logistician in Mozambique.
In the UK, Trustees implemented an austerity budget, cutting overheads where possible, aided considerably by volunteer help and by using the recruiting charity ‘Reach’ to help access needed skills. A new trustee was appointed to help handle Financial Accounting pro bono and volunteers with Human Resource, Fundraising, Marketing and Business Planning experience enabled us to build much stronger governance through properly articulated strategies that have started to bear fruit. Despite these measures, the need to write off £2000 of bad debt has sadly forced us to end the year with a deficit of £829. We have already recouped this in added giving.
In addition, the Trustees decided that we should aim to provide a leased helicopter to support NGO and governmental contingency plans for the 2010 disaster season which is likely to be worsened by the El Nino phenomenon. We hope to provide rapid life saving helicopter cover for some of the world’s most vulnerable people thus saving lives, helping ensure the right aid is delivered to the right people and providing access in line with the Red Cross Code of Conduct.
Despite a very tough year we are thrilled so many people have helped us maintain our focus on helping people in need in highly demanding times.
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