Further Notes to the Annual Accounts
Remuneration Managing Director
Name | Ramin Shahzamani | |
Function | Managing Director | |
Duration | indefinite from 17/5/2021, ended 31/12/2023 | |
Hours/week | 40 | |
Part-time percentage | 100% | |
Period | 1-1-2023 to 31-12-2023 | |
Annual income | ||
Gross salary | 123,809 | |
Holiday allowance | 9,905 | |
13th month / Variable annual income / Bonus | - | |
Total director remuneration | € 133,714 | |
Taxable allowances | € 0 | |
Pension premium (employer part) | € 18 147 | |
Social security contribution (employer part) | € 11,336 | |
Other remuneration / Pension compensation / End of service fee | € 0 | |
Total remuneration and benefits 2023 | € 163,197 | |
Total remuneration and benefits 2022 | € 154 390 | |
The total remuneration of the Managing Director of War Child during 2023 was € 133,714 which is well below the maximum of € 178,309 (1 full time employee for 12 months) as set by the guideline for Directors’ Remuneration of the Dutch association for fundraising organisations Goede Doelen Nederland (GDN), based on a BSD score for War child of 530 points.
The annualized remuneration of the Managing Director, together with all taxable allowances and all employer’s charges, pension compensation and other remuneration on the long term is € 163,197 which is also well within the maximum set by the guideline of € 221,400 (1 full time employee for 12 months).
No loans, advances or guarantees were given to War Child's directors.
Remuneration Supervisory Board members
No remuneration is offered to Supervisory Board members and no loans, advances or guarantees existed in 2023. 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 2023, no expenses were incurred for Supervisory Board members.
Number of employees
The average number of fulltime equivalent employees (FTE) decreased by 16 per cent (83 FTE) to 434 FTE. This decrease in FTE was attributable to less staff in our program countries.
2023 | 2022 | 2021 | 2020 | 2019 | ||||||
Employees at head office excl. interns (in FTE) | 111 | 106 | 105 | 109 | 98 | |||||
Employees on local contract in programme countries (in FTE) | 308 | 392 | 428 | 413 | 376 | |||||
Employees on expat contract in programme countries (in FTE) | 15 | 19 | 23 | 21 | 22 | |||||
Total average number of employees (in FTE) | 434 | 517 | 556 | 543 | 496 |
Pension Plan
The pension charge recognized 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 a.s.r. Doenpensioen. 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, a.s.r. and staff).
In its project countries, War Child acts in accordance with local pension laws and regulations.
Adoption of Annual Accounts
The Annual Accounts 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 28 June 2024.
Amsterdam, 28 June 2024
Supervisory Board: Stef Oud (Chair), Raymond Cloosterman, Patrick Lodiers, Katja Kok, Aloisia Zwama and Milka Yemane (Vice-chair).
Managing Director: Ernst Suur