Where the Funds Go

Helping children rise above the challenges they face – World Vision Malaysia Annual Review 2023

 

 

 

One of the hottest topics of 2023 was the cost-of-living crisis. Inflation and rising prices are putting massive strain on vulnerable communities. And coupled with the global rise in conflicts, climate change and natural disasters, the challenges faced by children and families in need have become a daunting mountain for them to climb.

 

In this challenging environment, we are truly grateful for the loving generosity of sponsors and donors like you. Through your contributions, we empowered vulnerable people to become more resilient and see the light of hope coming up over the horizon.

 

Here’s a quick look at some of the ways you made a difference in 2023:

15.2 million children benefitted from child sponsorship programmes

9,235 children are learning literacy and numeracy skills

5,737 people have clean water in their communities

14,086 children participated in children’s clubs

Over RM860,000 was raised for our Syria-Türkiye Earthquake Response

RM726,972 was raised for children and communities through the 30-Hour Famine

RM587,266 in life-changing gifts was raised through Gifts of Hope

156 children participated in our Eat Right to Play Right badminton training programme in Malaysia

Looking for more inspiring facts and success stories? The World Vision Malaysia Annual Review 2023 is the ultimate guide to how people like you helped children to rise above the challenges they faced!

Read it and be uplifted today:

 

ACCOUNTABILITY AND GOVERNANCE

World Vision Malaysia is committed to ensuring the proper and responsible use of contributions received. All projects are appraised, managed and monitored by World Vision Malaysia according to strict cost control policies and audits that govern us as an international humanitarian organisation.

 

For the Financial Year 2023:

 

      • 83% (RM37,692,489) was used to support community development projects, emergency relief and work by local charities

 

    • 18% (RM8,239,226) of contributions received were spent on Fundraising, Donor Care and Administration

 

Due to a fundraising shortfall, we used RM431,711 of reserve funds to fulfil our commitments in 2023. As a result, an additional 1% was added to our total expenditures, which is reflected in the percentages above.

 

World Vision Malaysia’s Audit Committee, comprising Board Members Datuk Ho Hon Sang, Emeritus Prof. Dr. P. T. Thomas and Esther Ong, monitored the use of funds, reviewed financial statements and managed the appointment of our external auditor. In 2023, PKF PLT was appointed to perform our annual financial audit.

Archived Annual Reviews

Annual Review 2022
Annual Review 2021
Annual Review 2020

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In 2022, 84.8% of donations collected were used for programmes that benefit children, families and communities in need.
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