COH Financial Update August 2013

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COH Flag Day 5Dear Supporters,

I wish to express my heartfelt appreciation to all donors for your generosity. Thank you for your faithfulness in giving toward our cause.

This year our projected income through donations is $840,000.00 coming from two main sources:

• Outright Donations – $440,000.00
• Flag Day – $400,000.00

We had our Flag Day on 27 July 2013 and collected $18,805.77 from street and house to house visits. Donations from appeal letters amounted to $88,710.00 as at 22 August 2013. Our cut-off date for donations from appeal letters is 31 August 2013. Total income from Flag Day 2013 thus far is $107,515.77, which falls short of our projection by $292,484.23.

Our total Outright Donations received as at 30 June 2013 is $263,679.21, which means that we have another $176,320.79 to raise by the year end. Putting this together to the Flag Day collections shortfall, we will need to raise the balance of $468,805.02 to match our projected income in order to meet our budgeted expenditures for the year.

We are mindful that this year’s economic outlook remains uncertain. We are therefore counting and trusting on you for your continuing support for the year.

With your constant and faithful partnership, you will enable COH to continue delivering on the following:

• To constantly aim for a higher quality of care and service delivery to our clients
• To grow our level of support for their parents and caregivers in the home
• To develop our staff by providing them with professional training and career enhancement opportunities in COH.

Thank you once again for partnering with us. I wish you and your loved ones good health, joy and peace!

Blessings!

Samuel Koh
Executive Director

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