2008 & 2009 Financial Information US Foundation
| Year end June 30, 2009 | Year End December 31, 2008 | |
| Revenues | $28,795 | $3,887,515 |
| Expenses | $562,692 | $3,526,247 |
| Program | $535,180 | $3,091,740 |
| Management & general | $27,512 | $77,580 |
| Fundraising | $254,646 | |
| Foreign exchange loss | $102,281 | |
| Net outgoing/incoming resources | $(533,897) | $361,268 |
| Unrestricted net assets, beginning of year | $656,396 | $295,128 |
| Unrestricted net assets, end of year |
$122,499 | $656,396 |
| Note: Our US accounts are produced by Weiser LLP and audited by Ross, Anglim, Angelini & Co. LLP. | ||
UK Foundation
| Year end June 30, 2009 | Year End December 31, 2008 | |
| Revenues | £523,099 | £617,605 |
| Expenses | £601,137 | £7,718 |
| Program | £493,719 | |
| Management & general | £101,740 | £1,427 |
| Fundraising | £2,377 | |
| Foreign exchange loss | £5,678 | £3,914 |
| Net outgoing/incoming resources | £(78,038) | £609,887 |
| Unrestricted net assets, beginning of year | £609,887 | |
| Unrestricted net assets, end of year |
£531,849 | £609,887 |
| Note: Our UK accounts are produced by SG Hambros and audited by haysmacintyre. | ||
Transparency and Accountability
The Naked Heart Foundation is committed to being accountable to its key stakeholders, in particular its donors and the communities among which we build our play parks and playgrounds. We produce a variety of reports, including annual accounts and newsletters. We will disclose information in response to requests, or will give reasons for any decision not to disclose (for example, to respect privacy).
Purchasing Policy
We work with suppliers who offer us the best value for money, while recognizing the safety and environmental standards essential to our work. We will not engage in any activity with suppliers which might be deemed to be anti-competitive or in breach of any statutory requirements in the Russian Federation. We ensure that payments for supply of goods, works and services are made in accordance with terms agreed at the time the transaction was finalized, subject to satisfactory compliance with the original order. We expect our suppliers to manage their own supply base in a way that ensures security of supply and is capable of meeting our expectations of them.