Further Notes to the Annual Accounts
Remuneration Managing Director
indefinite from 1/9/2015
1/1/2017 - 31/12/2017
Variable annual income / bonus
Total director remuneration
Pension premium (employer part)
End of service fee
Total remuneration and benefits
Total remuneration and benefits 2016
The remuneration of the Managing Director of War Child is €110,550, which is well below the maximum of €145,000 (1 full time employee for 12 months) as set by the guildeline for Directors’ Remuneration of the Dutch association for fundraising organisations Goede Doelen Nederland (GDN).
The annual remuneration together with all taxable allowances and all employer’s charges, pension compensation and other remuneration on the long term is €132,894 which is also well within the maximum set by the guideline of € 181,000 (1 full time employee for 12 months).
No loans, advances or guarantees were given to War Child's directors. We refer to the annual report for further information about War Child's policy on its Managing Director's remuneration and for information about the evaluation.
Remuneration Supervisory Board members
No remuneration is offered to Supervisory Board members and no loans, advances or guarantees existed in 2017. Members of the Supervisory Board occasionally visit War Child's field offices if this is relevant in respect of their role. Expenses related to the travel are paid by War Child and it is left to the discretion of the Supervisory Board members to reimburse the expenses to War Child. In 2017, no expenses were incurred for Supervisory Board members.
Number of employees
The average number of fulltime equivalent employees (FTE) increased by 15 per cent (53 FTE) to 405 FTE, which is related to the overall increase in War Child's total income and expenses. The increase mainly comes from an increase of 50 FTE in the number of country office national employees.
Employees at head office excl. interns (in FTE)
Employees on expat contract in programme countries (in FTE)
Employees on local contract in programme countries (in FTE)
Total average number of employees (in FTE)
Interns at head office (in FTE)
The pension charge recognised for the reporting period is equal to the pension contributions payable to the pension fund over the period. War Child's head office pension plans are in accordance with the conditions of the Dutch Pension Act. It is a defined contribution system without indexing arrangements. War Child's pension insurance company is Brand New Day. There are no self-administered pension plans. There is a strict segregation of the responsibilities of the parties involved and of the risk-sharing between the said parties (War Child, Brand New Day and staff).
In its project countries, War Child acts in accordance with local pension laws and regulations.
Adoption of financial statements
The Financial Statements are prepared by the management of War Child. On the condition of obtaining an unqualified opinion of the independent auditor the Financial Statements were unanimously adopted by the Supervisory Board of War Child in its meeting of 20 April, 2017.
Amsterdam, 20 April 2017
Supervisory Board: Peter Bakker (Chair) Willemijn Verloop (Vice Chair), Rob Theunissen (Treasurer), Raymond Cloosterman, Edith Kroese, Max Glaser
Managing Director: Tjipke Bergsma