Stichting Hokisa Nederland
Annual Report 2005

February 2005
This report contains 7 pages


  1. Report of the Board of directors

Stichting Vrienden van HOKISA in Nederland (HOKISA Netherlands) has started its activities in 2002. The Board of directors consists of the following members:

The goal of HOKISA Netherlands is:

The official founding of HOKISA as an Association (Stichting) took place in May 2003.

The relationship between HOKISA Netherlands and HOKISA South Africa is laid down in an agreement of cooperation. This agreement includes a condition that all collected money is send to HOKISA South Africa without deduction of any administrative costs. HOKISA South Africa also will give the collected money without any administrative costs to the chosen projects.

The activities of HOKISA Netherlands were focused on fund raising by building a network of Friends of HOKISA in the Netherlands. In total EUR 20.621 was donated by Friends in 2005 (2004: EUR 26.813), includes subsidies from companies and institutions. In 2006 HOKISA Netherlands plans to further enlarge its network of Friends and to investigate possibilities to qualify for other grants and financial aid from subsidizers and companies.

More information on the activities of HOKISA in the Netherlands and South Africa and the HOKISA home in Masiphumelele, South Africa can be found on: or

  1. Balance sheet
31 December 2005 31 December 2004
Current assets
Inventory 500 750
Cash at bank 19.355 36.021
Total Assets 19.855 36.771
Current liabilities
Payable regarding project Housing for staff - 5.000
Payable to HOKISA South Africa 19.855 31.771
19.855 36.771
  1. Income statement
2005 2004
Donations Friends of HOKISA Netherlands 25.621 26.813
Transferred to HOKISA South Africa 37.537 -
Result -11.916 26.813
  1. Notes to the financial statements
    1. Balance sheet

Assets and liabilities are presented at nominal value.


Inventory includes HOKISA postcards available for sale.

Cash at bank

This represents the current account at the Postbank.

Payable to HOKISA South Africa

Donations received that have not yet been transferred to HOKISA South Africa are recorded as current liabilities.

The change during the year is as follows:

Payable as of 1 January 2005 31.771

Result 2005 (11.916)

Payable as of 31 December 2005 19.855

Payable regarding project Housing for staff

This represents money received from South Africa that is payable on demand regarding the project Housing for staff. This money has been transferred to South Africa in 2005.

    1. Income statement

Donations and transfers are recorded in the income statement on a cash-basis. In accordance with article 3.2 of its statute the foundation incurs no costs, unless approved by a majority of the Board of Directors.

Transferred to HOKISA South Africa

Money that has been transferred to HOKISA South Africa during the reporting period has been deducted from current year result.

    1. Appropriation of result

In accordance with Article 3.2 of the statute of HOKISA Netherlands, the result of 2005 will be transferred to HOKISA South Africa. The money will be transferred without deduction of administrative costs.