Oxfam novib Annual Accounts 2020-2021
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oxfam novib Annual Accounts 2020-2021
oxfam
novib
Annual
Accounts
2020-2021
In line with Oxfam International, our reporting period
covers the fiscal year April 1, 2020 to March 31, 2021.
The Annual Report and Annual Accounts are available
online at oxfamnovib.nl/jaarverslag.
2020/2021 3
contents
Oxfam Novib Annual
Accounts 2020-21
1 Directors’ Report 8
1.1 General Information 10
1.2 Activities and Financial Position 14
1.2.1 Core activities 14
1.2.2 Key financials 15
1.2.3 Engagement in the Netherlands and Fundraising 16
1.2.4 Policies 18
1.2.5 Risk and uncertainty 19
1.3 Information about the Board of Directors 20
1.4 Outlook 21
2 Board of Supervisors’ Report 24
nog akkoord 3 Consolidated Financial
op aanlevering Statements 28
krijgen 3.1 Consolidated balance sheet as at March 31 after
appropriation of net result 29
3.2 Consolidated statement of income and expenditure 30
3.3 Consolidated cash flow statement 31
3.3.1 Notes to the cash flow statement 32
3.4 Accounting policies for the valuation of assets and
liabilities 32
3.4.1 General 32
3.4.2 Consolidation 32
3.4.3 Tangible fixed assets 33
3.4.4 Financial fixed assets 33
3.4.5 Inventories 33
© Dania Kareh
3.4.6 Receivables 33
3.4.7 Cash and cash equivalents 33
4 OXFAM NOVIB ANNUAL ACCOUNTS 2020/2021 5
3.4.8 Provisions 33 3.7.7 Income from deliveries of products and services 53
3.4.9 Other assets and liabilities 33 3.7.8 Other income 53
3.4.10 Related parties 33 3.7.9 Expenditure allocation 54
3.5 Accounting policies for the consolidated statement of 3.7.9.1 Costs of direct fundraising 57
income and expenditure 34 3.7.9.2 Salary and emoluments paid to directors 57
3.5.1 Income from private individuals 34 3.7.9.2.1 Executives’ Pay Financed from Public Funds
3.5.2 Income from companies 34 (Disclosure) Act 58
3.5.3 Income from lottery organizations 34 3.7.10 Balance of financial income and expenses 59
3.5.4 Income from government subsidies 34 3.8 Separate Financial Statements of Oxfam Novib 61
3.5.5 Income from affiliated non-profit organizations 34 3.8.1 Separate balance sheet of Oxfam Novib as at
3.5.6 Income from other non-profit organizations 34 March 31 after appropriation of net result 61
3.5.7 Income from delivery of products and services 3.8.2 Separate statement of income and expenditure
and other income. 34 of Oxfam Novib 62
3.5.8 Expenditure on structural poverty alleviation 34 3.8.3 Accounting policies for the valuation of assets and
3.5.9 Costs of generating income 34 liabilities in the separate financial statements 63
3.5.10 Management and administration costs 35 3.8.4 Notes to financial statement items affected by the
3.5.11 Foreign currencies translation 36 consolidation of Oxfam Sweden 63
3.5.12 Pension cost 36 3.9 SHO 64
3.6 Notes to the consolidated balance sheet 37 3.9.1 Sulawesi Action 64
3.6.1 Tangible fixed assets 37 3.9.2 Beirut Action 65
3.6.2 Financial fixed assets 38 3.9.3 SHO allocation key 66
3.6.3 Inventories 41 3.10 Events after the balance sheet date 66
3.6.4Receivables, receivables from governments and
project funds overview 41 4 Other information 67
3.6.5 Cash and cash equivalents 42 4.1 Result appropriation according to by laws 68
3.6.6 Notes to the reserves and funds 43 4.2 Independent auditor’s report 68
3.6.6.1 Reserves 43
3.6.6.2 Funds 46
3.6.7 Provisions 48
3.6.8 Debts 49
3.6.9 Project liabilities 49
3.6.10 Assets and liabilities not included in the balance
sheet 49
3.7 Notes to the statement of income and expenditure 50
3.7.1 Income from private individuals 50
3.7.2 Income from companies 50
3.7.3 Income from lottery organizations 50
3.7.4 Income from government subsidies 51
3.7.5 Income from affiliated non-profit organizations 52
3.7.6 Income from other non-profit organizations 52
6 OXFAM NOVIB ANNUAL ACCOUNTS 2020/2021 7
1. Directors’
REPORT
© Petterik Wiggers
1.1 General • Accountability sexual identity, age, ethnicity, religion, serves society, leaves no-one behind, communities that we work with; applying inclusive manner and through a phased
Information We take responsibility for our action and or other characteristics. We support and gives people the power, choice and full transparency and accountability; approach.
inaction and hold ourselves accountable them to shape new narratives, raise means to realize and define their own creating diversity amongst our staff.
Oxfam Novib is a member of the Oxfam to the people we work with and for. their voices, design their own future, well-being. We contribute to reframing Every day, we publicly share project data. In Phase 1 (September-October 2020)
Confederation, a global movement of • Courage mobilize their members to campaign for the current neoliberal model, with its We monitor the direct environmental the Board of Directors shared a strategy
people who are fighting inequality to end We speak truth to power and act with equal rights and a life free of violence. focus on growth and shareholders. We impact of our office in The Hague and paper and held consultations with
poverty and injustice. Around the globe, conviction on the justice of our causes. We foster solidarity and support support alternative business models air travel by employees. To reduce our staff. We also initiated the recruitment
we work to find practical, innovative between movements in the South and and a booming social SME sector for indirect impact on the environment and process for a new Director Engagement,
ways for people to lift themselves out of Our approach the Netherlands. In a world where these fair and circular production, local value the climate, we have a new Supplier in line with our ambition to increase our
poverty and thrive, supporting them to We believe sustainable development is values are increasingly under pressure, creation, fostering women and youth Code of Conduct to ensure we work with supporter base in the Netherlands.
raise their voices and hold governments about cooperating with people, enabling we support CHAMPIONING CIVIC SPACE, entrepreneurship. Governments need suppliers that also seek to reduce their In Phase 2 (November-December 2020) a
and the private sector to account. them not just to survive, but to thrive. supporting human rights defenders, civil to play a crucial role in ensuring FISCAL environmental impact. The impact we ‘flattened’ organizational structure was
That is why we help people around the society rights, creating safe (digital) AND FINANCIAL JUSTICE, providing basic aim to achieve shows that we also take established, removing a management
Our vision world to stand up for their rights. Our spaces, supporting movements and social services to all their citizens and our own corporate social and ecological layer and creating 3 departments with
‘A just and sustainable world’ practical, community-level work aims activists to amplify the voices of the ensuring fair tax and budget systems to responsibility to heart. 21 units. We also came to an agreement
That is our vision. We want a world where to demonstrate that alternatives are most marginalized. redistribute resources in a transparent with the labor union on a Social Plan.
people are valued and treated equally, possible and that people can shape way, and a financial system that is In Phase 3 (January-March 2021) we
enjoy their rights as full citizens, and change. Working alongside our partners • SAFE: We contribute to a secure world inclusive, responsible and fair. The Our Organization developed detailed formation plans
can influence decisions affecting their and allies, we create and implement In a world with more localized and long- private and financial sectors should for all units and informed staff on their
lives. To this end, we believe that urgent, programs and campaigns and provide lasting conflicts and record numbers ensure that in INCLUSIVE FOOD SYSTEMS Oxfam Novib’s change process placement or (provisional) redundancy.
radical and systemic change is needed. humanitarian assistance, and advocate of people on the move, caused by & VALUE CHAINS power and profits ‘However firm our base is, the world
and campaign for systemic change as natural and human-made disasters, are shared fairly between investors, is rapidly changing and requires us to We firmly believe that this change
Across the world, billions of people are part of a worldwide influencing network. we support efforts of actors who fight companies, traders, and the people who adjust,‘ Oxfam Novib states in Manifesto process will lead to a stronger Oxfam
standing up to injustice, the trauma of for the RIGHTS OF PEOPLE ON THE MOVE, produce or consume. We need to ensure 2030, our strategic framework for the Novib, fit for the future and able to
war, and complex problems like climate We are committed to using feminist especially along Europe’s periphery. We a living income and decent work for coming decade. Manifesto 2030 reflects deliver on our ambitions. However, as
change and economic inequality. But principles to guide our work, and we advocate for policies that put respect for everybody. both the urgency of radical and systemic the restructuring should also deliver
there is much more to be done. That is ensure that the people impacted by humanitarian law, principles, and human change and Oxfam Novib’s aspirations significant savings, we had to make
why Oxfam Novib exists: to tackle the our programs are involved in decision- dignity first. We contribute to lasting • GREEN: We demand justice for a to meaningfully contribute to such some tough choices with painful
injustices that cause and perpetuate making (‘nothing about us without us’). solutions, give voice to migrants and sustainable world change. Our aim is to be the leading consequences for a number of highly
poverty. We work to make the world safer We use the evidence delivered in our the displaced, bringing host and refugee The current climate crisis requires Dutch platform promoting international appreciated colleagues who became
and fairer for everyone. programs to accelerate our influencing communities together, and ensure safety immediate action. We stand with those social justice by 2030, with a strong redundant. In relation to the country
work and adapt our strategies and ways for women leaders. We campaign for most vulnerable to the effects of climate constituency and as part of a diverse offices, we will only deliver Partner
Our values of working. We are open to and build new their rights and fight intolerance and change and support activism for CLIMATE and global network of people fighting for Affiliate support as part of programs, and
When people’s basic rights are connections, expanding and deepening polarization. In specific crises areas, we JUSTICE by local leaders, support linkage social justice. concentrate our business support in a
respected, we can rid the world of more equal partnerships. Adapting to support efforts to build SAFE & RESILIENT worldwide, including in the Netherlands new Executing Affiliate Global Business
inequality and injustice. This is what we new realities, we innovate and rigorously COMMUNITIES, rebuilding governance, and Europe. We support smallholders to In Manifesto 2030, we redefine our Support unit.
stand for: measure all that we do, in order to livelihoods, a peaceful and safe society, voice the needs of small-scale farmers, strategic ambitions and ways of
• Equality learn and to improve the quality of our with innovative approaches promoting youth, and women to shape solid working, repositioning ourselves as On April 1, 2021, Oxfam Novib started to
We believe everyone has the right to be work; we mutually develop and share local (humanitarian) leadership. We do adaptation plans addressing their needs an activist organization that walks the phase in the new organization. However,
treated fairly and to have the same rights knowledge and expertise with our many this through measures to avoid crisis, and ensure sufficient and transparent talk on our key values. We have aligned this date only marks an important
and opportunities. partners, colleagues and donors. through accurate response mechanisms, financing. We support movements to our ambitions with the Oxfam Global milestone in our change journey. We will
• Empowerment promoting inclusive peacebuilding and stand up for land rights. As we witness Strategy, committing to contribute continue changing in the coming years,
We acknowledge and seek to expand Our goals build resilience to the impact of natural that those who contributed least to to Oxfam’s development as a globally as further work is needed to strengthen
people’s agency over their lives and the Oxfam Novib has defined four main goals and human-made disasters and conflict. global warming are faced with the balanced and diversified network. Last the organizational culture, move forward
decisions that impact them. for an inclusive (Equal), equitable (Fair), We also bridge the humanitarian, peace- biggest impact, like droughts and but not least, we conclude that we need on diversity, equity & inclusion, and
• Solidarity secure (Safe) and sustainable (Green) building and longer-term development flooding, we support their initiatives to to further strengthen the organization, to realize our external ambitions, in
We join hands, support, and collaborate world. divide. build CLIMATE RESILIENT COMMUNITIES. so that staff feel empowered to partnership with others.
across boundaries in working towards a We support local solutions for protecting contribute to our mission.
just and sustainable world. • EQUAL: We stand for an inclusive world. • FAIR: We fight for an equitable world and using agro-biodiversity to adapt The organogram presented on the next
• Inclusiveness As a rights-based organization we To reverse the trend of growing their food & production systems to Future-proof and fit for purpose page shows the structure of the different
We embrace diversity and difference, and promote an inclusive society and inequalities, we press for fundamental a new climate and within ecological In 2020-21, Oxfam Novib embarked on departments in 2020-21 before the
value the perspectives and contributions communities, in which EQUAL RIGHTS changes to public and private sector boundaries. an organizational change process to reorganization.
of all people and communities in their FOR ALL are a reality. We support policies and practices, so that wealth, make us fit for purpose. This process
fight against poverty and injustice. movements and activists fighting for profits, and welfare are shared more This also demands commitment from was supported by a dedicated Change
every individual to have equal rights and equally and transparently in a HUMAN ourselves. We stand for providing a safe Team and valuable advice from the Works
opportunities, irrespective of gender, ECONOMY. An economy that includes and space for all staff, partners and local Council, and was implemented in an
10 OXFAM NOVIB ANNUAL ACCOUNTS 2020/2021 11our organization Governance
In 2020-21, Oxfam Novib’s governance
structure was composed of a Board of
Directors, comprised of three members,
communities in almost 90 countries.
Collectively, Oxfam reached 19.4 million
people (25 percent youth, 62 percent
women) worldwide in 2020-21, through
countries. In six countries, program
teams will become influencing offices,
and 14 country programs will be
rearranged into clusters: Southern Africa,
and a Board of Supervisors. The Board our long-term development, advocacy Mekong, Central America, and North
of Supervisors oversees the policy of and emergency programs. Africa. Additionally, Oxfam will phase out
the Board of Directors and the general its physical presence in 18 countries. For
course of Oxfam Novib, while the Board Oxfam Novib’s remuneration regulation Oxfam Novib, this decision has several
of Directors is responsible for the daily for all employees with Dutch employment consequences in the countries in which
policy and management, and represents contracts is set in the Collective Labor we are the Executing Affiliate, such as
Oxfam Novib in the international Oxfam Agreement (CLA). The remuneration of phasing out in Afghanistan, Burundi and
confederation. A management team Oxfam Novib’s employees working in the Egypt; clustering country programs in
of 11 members supported the Board countries under national labor law is Cambodia and Vietnam; and changing
of Directors in planning and daily based on the principles and standards Nigeria into an influencing office.
operations. In 2020-21, Oxfam Novib was of the Reward Shared Service of Oxfam
an Executing Affiliate in Egypt, Tunisia, International applicable in the whole New governance structure
board of supervisors Niger, Nigeria, Burundi, Uganda, Somalia, Oxfam confederation. Oxfam International will have a new
Mozambique, Occupied Palestinian global governance architecture
Territory and Israel (OPTI), Afghanistan, In 2020-21, we had to change the scope effective from July 2021, reflecting
board of directors Works Council
Cambodia and Vietnam. and scale of our work due to the impact the organization’s commitment to
of Covid-19. Right now, Oxfam is on the strengthening global balance and
Secretariat integrity Michiel Servaes is Oxfam Novib’s frontlines of preventing catastrophe diversity of voice, including at the
Executive Director, Pauline Mulder is in some of the world’s most vulnerable leadership level.
legal counsel innovation our Director Finance & Operations, places, supporting our local partners and
and Ton Meijers remains our Director acting to save as many lives as we can. A new International Board will comprise
Programs and Campaigns. As part of the four independent members (with no
change process which was initiated Covid-19 also forced us to quickly concurrent affiliation with Oxfam) and
engagement PROGRAMS & FINANCE & OPERATIONS Executive Board in September 2020, a new Director adapt some of our internal processes to five members coming from the boards of
CAMPAIGNS of Engagement, Liliane Alibux, was remote working. We automated critical national Oxfam affiliates. Oxfam will have
recruited in December 2020; she started approval and signing processes to a multi-stakeholder global Assembly
Corporate Humanitarian Quality, Finance & on 1 April 2021. continue our operations in a controlled composed of affiliates and stakeholder
Communication & Media team Control Oxfam and responsible manner. Since our representatives from the countries
International The organogram presented on the next internal auditors could not visit the and regions in which Oxfam works,
Public Engagement Human Resources Secretariat page shows the structure of the different country offices for their periodic and an Affiliate Business Meeting. This
Food, Land departments in 2020-21 before the audits, they performed remote audits. changes Oxfam’s current two-tier board
& Climate Institutional Funding reorganization. The limitations of remote audits were structure to a more effective, diverse and
and Donor Relations Regional explicitly presented in the audit reports inclusive model that invites independent
Platforms One Oxfam and shared with other internal audit perspectives to help us be relevant,
Gender Information & Oxfam Novib is an affiliate of the Oxfam functions in the Oxfam Confederation for resilient and impactful into the future.
& Youth Communication confederation, in which 21 likeminded learning purposes. Oxfam Novib will have a seat in the
Technologies organizations join forces to work Affiliate Business meeting, the Assembly
Country teams
towards a just and sustainable world. Global Strategic Framework and in the Executive Directors Forum, all
Governance & The Oxfam International Secretariat To maximize the impact of Oxfam’s of which are groups that closely interact
Financial Flows has its headquarters in Nairobi, Kenya, work in the context of its new 10-year with the international board.
and leads, facilitates and supports Global Strategic Framework, Oxfam
collaboration between Oxfam’s affiliates International’s Executive Board agreed Looking back
Conflict & to increase their impact. Affiliates to make changes to Oxfam’s presence In the pandemic year of 2020-21, Oxfam
Fragility engage with countries and regions and scope of work in all but eight country Novib managed to quickly adapt and
as partners, providing thematic and offices. Phased until 31 March 2022, continue working with over 500 partners
capacity-building support as well as Oxfam will transition several offices to in more than 35 countries. We raised
Program Support funding. Some – such as Oxfam Novib full new Oxfam affiliates in the global awareness of the coronavirus, promoted
& Impact – act as Executing Affiliates that also South, and retain full country offices hygiene and delivered much-needed
provide back office support. We work elsewhere. Furthermore, Oxfam’s assistance to millions of people who
together with more than 3,800 partner humanitarian programming will be suffered from the consequences of
organizations, as well as allies and concentrated in eight conflict-ridden lockdowns and other restrictions. In
12 OXFAM NOVIB ANNUAL ACCOUNTS 2020/2021 13addition, we published revealing reports Land and Climate; Gender; Youth; Conflict and reproductive rights, and limit (EFSL), and water, sanitation and hygiene range of €13 - €20 million in the financial administration costs remained constant
pointing at the structural inequalities and Fragility; and Humanitarian work. their full participation in political and (WASH). Operating independently, year 2020-21. and below the budgeted amount. The
that the pandemic exposed and income-generating activities. Together without influence from any interest The total income from fundraising costs of generating income related
exacerbated, and we strongly advocated 1. Governance and Financial Flows with our partners, we provided women groups, we designed and implemented activities in 2020-21 was slightly higher to the activities to recover the donor
for equal access to financial support and We supported civil society organizations and girls with opportunities to mobilize programs that are sensitive to existing than budget, and was €23.0 million base were at the same level as the
healthcare, a fair economic rescue plan in empowering citizens to hold and raise their voices, to develop tensions and violence. We made higher than in the previous year. There previous year and €1.2 million below
for all and a people’s vaccine. In doing governments and the private sector their leadership, to influence and communities more resilient to future is an increase in the income from budget, due to the limited number
so, we mobilized the support of hundreds to account, including protecting and participate in decision-making spaces, crises. To strengthen their ability to private individuals as well as in the of fundraising activities during the
of thousands of supporters, including in widening the space for civic actions. and to create sustainable economic cope, we routinely incorporated disaster institutional fundraising income. This pandemic. The balance of financial
the Netherlands. We influenced governments and opportunities in local markets using preparedness into our development shows a positive performance including income and expenses was €0.7 million
international institutions to tackle tax household methodologies. We put a lot work. We also took a long-term view to stabilization of the number of active lower than budgeted, as a consequence
Our work in 2020-21 reflects both our evasion and avoidance. We encouraged of effort into ‘walking the talk’ ourselves, rebuilding when providing emergency structural and incidental donors at of the bad loan provision adjustment
longstanding expertise and networks, them to increase the transparency among others, by training all staff with aid immediately after a crisis. We around 300,000, which is a 2.4 percent needed to cover the higher risk of non-
and our new vision as laid down in and accountability of their budgets, our gender e-modules. invested a lot in strengthening local increase compared to the previous year. reimbursement of the microfinance loans
Manifesto 2030. More than ever, Oxfam and to ensure reliable fiscal policies. humanitarian leadership and empowered This result was achieved despite the due to the financial problems of local
Novib supports and mobilizes the We engaged them in enhancing 4. Youth local organizations to lead and deliver restriction of the second lockdown that businesses in relation to Covid-19.
power of people for social justice: development aid and innovative We aimed to work jointly with young humanitarian aid and to be prominently affected the face-to-face acquisition
in the Netherlands, in the countries finance. We advocated for governments, people to challenge the barriers that represented at national and international in the second half of the year. The In addition, by year-end 2020-21 Oxfam
where we work, and at the regional and international institutions, and the prevent them from enjoying their rights. level. institutional contracts awarded almost Novib had sufficient cash and cash
global level. As an activist organization private sector to ensure an inclusive, Ensuring that the next generation is reached the annual target and represent equivalents to cover its current debts
committing to feminist principles, we sustainable, and stable financial sector; educated and healthy, can earn a living 1.2.2 Key financials the highest institutional funding result and project obligations.
recognize and act upon the interrelated a sector that works in the public interest as employees or as entrepreneurs, 2020-21 was a challenging year, in which of the last five years. Income from
global injustices of extreme poverty, and that serves smallholders and people and awareness of the importance of the Covid-19 pandemic came on top of Institutional Funds is recognized when The costs of direct fundraising
inequality, the impact of climate change, living in poverty with adequate financial developing leaders and movements Oxfam Novib’s change process. At the project expenditures are incurred, and represented 19.7 percent of the income
and the denying of people’s rights and services. for active citizens at a young age are end of the year, the net result was €1.7 therefore the income growth relates generated from direct fundraising. This
civic freedoms. By 2030, we aspire to be crucial factors in the global fight against million positive, which is explained by a to the level of restricted program percentage is lower than the budgeted
the leading Dutch platform promoting 2. Food, Land and Climate inequality and injustice. Harnessing the higher income from public fundraising, expenditure. percentage, mainly due to the higher
international social justice; we will grow We supported people living in poverty energy and strength of young people as well as a lower level of expenditure income and the lower costs than initially
our Dutch supporter base and connect in their efforts to claim their right to and working with this target group is in organizational and activity costs due The total expenditure on goals was planned for.
them to a global movement of millions. food, land and water. In the long term core to Oxfam Novib’s goal of creating to savings and the postponement of slightly below budget, and €19.3 million
this results in a more just food system, transformational change. Furthermore, activities during the lockdown. These higher than in the previous year due The key figure ‘Management and
Being part of a global movement to end one which sustainably addresses the we strove to enable young people to cost reductions, even though they were to the large number of contracts with administration costs’ represented 1.3
poverty and inequality, Oxfam Novib needs and aspirations of smallholders, participate in society and have an partially offset by the change process third parties related to the new project percent of total expenditure, which
was impacted by the coronavirus both agricultural workers, and vulnerable effective voice in decision-making provisions, allowed the organization ‘PVP: Fair for All’ in the last quarter of is below the 2 percent maximum set
through its partners and its supporters. communities. We developed and processes which affect them, including to remain at the minimum of the target the financial year. The management and by Oxfam Novib’s Board of Directors.
On the one hand, the pandemic implemented a food justice campaign – in our own projects.
complicated our activities to engage GROW – addressing the unequal division
with our supporters. Yet, on the other of profit in international value chains. 5. Conflict and Fragility Key percentages
hand, the devastating effects of the We worked on specific value chain rights Our work on conflict and fragility takes
virus in middle and low-income countries and the position of small-scale farmers a long-term approach that seeks to FY FY FY FY FY BUDGET FY
called for urgent actions by our Dutch (palm oil, rice, aquaculture) and worked address the underlying root causes of Amounts in thousands of Euros 2015-16 2016-17 2017-18 2018-19 2019-20 2020-21 2020-21
constituency. So we did everything on land rights and water governance; and conflict, such as structural inequality, Income from direct
possible to mobilize our supporters to had a special program on the potential marginalization, and lack of access 37,845 40,723 36,876 30,186 31,692 29,426 32,724
fundraising
help save lives in the countries we work of traditional seeds in tackling food to natural resources. We sought to
in, and to campaign and advocate for fair security and climate change. create inclusive security for all, with an Costs of direct fundraising 7,310 6,821 6,929 4,774 6,178 7,179 6,458
and equal access for all to financial and emphasis on the inclusion of women and as a % of income from direct
19.3% 16.8% 18.8% 15.8% 19.5% 24.4% 19.7%
medical support. 3. Gender marginalized groups. fundraising
We worked towards changing the Management and
1.2 Activities and attitude of tolerance for gender 6. Humanitarian work administration
2,099 2,539 2,234 2,126 2,193 2,449 2,327
Financial Position discrimination. We challenged social We worked closely with our partners
as a % of total expenditure
norms and values that, even in the – in collaboration with other Oxfam 1.2% 1.4% 1.1% 1.2% 1.3% 1.3% 1.3%
(own criterion max. 2%)
1.2.1 Core activities 21st century, try to legitimize and even organizations – to deliver specialized
In 2020-21 Oxfam Novib was organized promote the use of violence against and efficient emergency response. Our Expenditure on goals 144,116 171,707 188,799 174,129 153,948 175,511 173,296
according to the following major themes: women and girls; rules and structures expertise covered two broad themes: as a % of total income 89.4% 95.4% 96.6% 95.2% 93.6% 93.7% 94.2%
Governance and Financial Flows; Food, that excuse the violation of their sexual emergency food security and livelihoods
14 OXFAM NOVIB ANNUAL ACCOUNTS 2020/2021 15The management costs allocated to Recruiting new individual financial Creating high quality content combined Club International and Books4Life, both data and tested several engagement instigated disasters. We actively pitched
management and administration are supporters is of vital importance to with web care optimalisation radically of which support our project Marriage: No tools. to the media for Oxfam reports and press
compliant with the Erkenningsregeling ensure Oxfam Novib’s ability to implement reduced negative feedback. Child’s Play, fighting child marriages in releases on refugees stranded on the
(seal of approval for fundraising its mission. Door-to-door acquisition is Pakistan, Mali, and Niger. Medium-sized As a result of the Covid-19 measures, Greek islands, the Rohingya refugees
organizations in the Netherlands), by far our main channel to increase our Legacies and bequests entrepreneurs in Vietnam could count nearly all of the colleagues handling and war-torn Yemen, which contributed
and as such are in accordance with financial supporters base, yet we did not In 2020-21 the income from legacies on the (ongoing) support of both the Oxfam Novib’s supporter contacts worked to the relatively good media coverage of
the guidelines of the Netherlands want to jeopardize the health and safety and bequests was at the highest level GSRD (G-star) Foundation and the ‘De from home; to tackle the associated these urgent and ongoing crises.
Fundraising Regulator (CBF) as well as of the public or our recruiters. Therefore ever. We received legacy gifts from 49 Leerschool’ Foundation, while SanoRice challenges, we hired an external agency
those of Goede Doelen Nederland. The we stopped this recruitment method people and over 1,000 people showed is our highly appreciated partner in the to handle inbound calls. We are proud Policy influencing and advocacy
Erkenningsregeling has replaced the during the first (mid-March to mid- an interest in legacy giving. We are Gender Transformative and Responsible to say that thanks to their flexibility In 2020, Oxfam Novib successfully
separate guidelines. For details, refer to May 2020) and second (mid-December immensely grateful for these important Agribusiness Investments in South East and dedication, and that of the external pleaded against a decrease of the
section 3.5.10 ‘Allocation of management 2020 to February 2021) lockdowns. We commitments to supporting our work. For Asia (GRAISEA) project. partners who supported us when Dutch development budget, including
and administration costs in accordance resumed it with a carefully monitored 2021-22 we plan a campaign to inform needed, we continued to be available by working closely with the Advisory
with the Goede Doelen Nederland pilot using the protocols developed by non-supporters about this unique way Entrepreneurs for entrepreneurs at all times, to answer supporters’ Committee on International Policy
guideline.’ the sector organization Goede Doelen of giving. Oxfam Novib’s longstanding and engaged questions, concerns and requests. In line (AIV). On July 10 the Dutch government
Nederland and the national health Entrepreneurs for Entrepreneurs with previous years, Oxfam Novib handled committed to adding €500 million to
The key figure ‘Expenditure on goals’ institute (RIVM). Major donors and private donations (EfE) network of almost 420 Dutch more than 55,000 inbound customer the development budget for Covid-
is stated as a percentage of total We welcomed, and very much entrepreneurs is a large and inspiring contacts in the form of emails, phone 19-related support. We also mobilized
expenditure. ‘Expenditure on goals’ Our efforts were successful: in 2020-21 appreciated, 27 new private foundations corporate social responsibility calls and letters. political party members to have the
accounts for 94.2 percent of total we saw a 2.4 percent increase in the and major donors, continuing the network for small and medium-sized international ODA norm (0.7 percent
expenditure, which is above the number of individual supporters up to upward trend from past years. Together, enterprises (SMEs) in the Netherlands. Media of national income) included in their
budgeted 93.7 percent. approximately 300.000. they contributed a record amount Due to the pandemic, acquisition of In 2020-21, Oxfam’s flagship reports on election programs, which eight political
of about €1 million in donations. new SME supporters was hard, and the impact of Covid-19 on poverty and parties did. The livestream of the election
1.2.3 Engagement in the Netherlands Online media presence Due to Covid-19, we could not meet some network members had to leave inequality around the globe resulted debate we organized with Amnesty
and Fundraising In 2020-21 Oxfam Novib engaged Dutch face-to-face, but we invited them to – hoping to rejoin in better times. The in an increase in media attention for International and Greenpeace prior to
Being part of a global movement to supporters online, through a fundraising special IDFA home-cinema events, entrepreneurs support microfinance the international context, and helped the March 2021 general elections was
end poverty and inequality, Oxfam and influencing campaign around sent handwritten postcards and and SME development worldwide, and to influence the political agenda and watched by nearly 1,000 people.
Novib was impacted by the coronavirus Covid-19, an online-only branding recipes from our Vegetable Cookbook, aim to contribute to the Sustainable debate. We managed to raise interest,
both through its partners and its campaign and several smaller campaigns besides maintaining regular contact Development Goals (SDGs). increase visibility and become a relevant Oxfam Novib has played an active role in
supporters. On the one hand, the on tax evasion and climate. In November via telephone, email newsletters and source on this key news topic. two Dutch MVO (CSR) Platform working
pandemic complicated our activities 2020 we launched our renewed webshop. our supporters’ magazine Close Up. For Instead of our planned engagement groups on due diligence legislation,
to engage with our supporters. Yet, on We improved the navigation menu of our the second consecutive year, we sent activities, Oxfam Novib held 15 highly Again, our biggest media hit was the and has become a member of the new
the other hand, the devastating effects website and the layout of crucial web out a successful direct mailing to a rated bi-weekly ‘Beat Corona Calls’ with inequality report Oxfam launched ahead Initiative for Sustainable and Responsible
of the virus in middle- and low-income pages. selection of (potential) major donors and about 60 entrepreneurs. We checked of the (online) World Economic Forum in Business Conduct, which includes NGOs,
countries called for urgent actions by our foundations, in order to raise funds for in with them and informed them on Davos in January 2021. All major Dutch trade unions and progressive companies.
Dutch constituency. So we did everything For our online campaigns, we still largely a better future of youth in the African the impact of the coronavirus on the media, such as NOS, RTL Nieuws, NU.nl, Oxfam Novib’s and MVO Platform’s active
possible to mobilize our supporters to rely on paid advertising on Facebook and countries we work in. projects they support, focusing on and all six national newspapers used support for four political parties resulted
help save lives in the countries we work Google. We continuously monitor the shared hardships. In addition, we set up the Oxfam report ‘The Inequality Virus’ in a Bill for Responsible and Sustainable
in, and to campaign and advocate for fair impact of our online marketing efforts, The Dutch Postcode Lottery has an inspiring masterclass on improving for extensive reporting on the topic. This International Business Conduct, in
and equal access for all to financial and conduct experiments to learn, and supported Oxfam Novib’s work for enterprises’ SDG performance, and included live radio and TV interviews March 2021. At the EU level, Oxfam
medical support. make adjustments wherever possible. more than 30 years now. In 2020- invited them to the online IDFA festival. with Oxfam Novib’s Executive Director, Novib and Oxfam actively supported
All our marketing and campaigning 21 the Postcode Lottery granted us Together with two Dutch entrepreneurs resulting in 61 different hits on Dutch initiatives in the European Parliament on
Our supporters efforts combined resulted in 1,100 €13.5 million of unrestricted funding. we quick-scanned their businesses, and radio stations alone. CSR regulation. In March, the European
In the Netherlands we replaced all online monthly donors and more than Among other donors, the Hans Geveling invited them to our webinar, in order to Parliament voted in favor of new rules to
regular and planned face-to-face €500,000 in one-off donations. Our email Foundation, our longstanding and make them futureproof by using the SDGs With regard to our financial and ensure that EU companies comply with
activities by a multi-channel campaign base increased by more than 30,000 loyal partner, enables us to support as a guiding framework. economic reporting, Oxfam Novib is labor and climate rules throughout their
to generate support for our humanitarian supporters. smallholder farmers in Africa and considered an expert. This means that supply chain.
and lobbying activities around Covid-19. maintain our Oxfam Novib Fund, which Supporter contacts we are able to actively approach media
Through TV and radio spots, social Thanks to our new social media strategy provides funding to microfinance Besides regular contact moments outlets and more or less determine Oxfam Novib actively supported the
media messaging and newspapers, for Instagram and Facebook, the monthly institutions. Vivace Foundation supports related to our public Covid-19 campaign, when and where our reporting will critical motion adopted by Dutch
and lobbying work, we managed to reach tripled. The reach of our Instagram our important program in Zimbabwe, in we actively involved our donors in become news. In contrast, our news and Parliament in June 2020, which
gain traction for Oxfam reports such as timeline posts had an annual total of which smallholder farmers develop their sharpening our strategic focus. We press releases on humanitarian crises called on the government to take
‘Hunger Virus’ among Dutch supporters, 438,241, and our video content scored own quality seeds. We are also very organized focus group discussions with are highly dependent on the external measures against Israel if it executes
media and parliament. well above the Dutch NGO average. grateful for the funding from Soroptimist participants from different age groups news agenda and on media interest its annexation plans of Palestinian
and backgrounds, collected quantitative in countries hit by natural or human- territory. Fair Finance International (FFI)
16 OXFAM NOVIB ANNUAL ACCOUNTS 2020/2021 17case studies on Dutch investments • un-hedged local currencies may not the investment criteria mentioned above, and expenditure and charged to this with our partner organizations. Our is strengthened by recommendations
in controversial arms trade linked account for more than 30 percent of the total un-hedged foreign exchange earmarked reserve. risk approach is based on the risk from the Independent Commission and
to human rights violations in Yemen ONF’s total microfinance portfolio; exposure may not exceed 30 percent of management policy of the Oxfam UK Charity Commission.
resulted in Parliamentary questions • the total investment in subordinated the total investment portfolio. Earmarked reserve for loans and confederation.
and the responsible Minister’s promise debt is limited to 20 percent; guarantees Additionally, in 2020-21 we worked on
to take this up with Dutch financial • the total indirect investments in Policy on the size and the function of The earmarked reserve for loans and Risks at confederation level: One Oxfam the strategic plan 2020-2024 which
institutions; one insurance company holdings may not exceed 15 percent of reserves and funds guarantees comprises two elements. Oxfam Novib works as One Oxfam within addresses the risks related to current
has promised to undertake action. the total microfinance portfolio. In accordance with the Dutch Accounting The first element consists of all funds the Oxfam 2020 model. This model pressure on the income, as consequence
Likewise, FFI reports on Dutch financial Standard for Fundraising organizations intended for the provision of loans strengthens the way that we work of challenges on donor acquisition. By
institutions’ investments in the soy The investment criteria are laid down (RJ 650), Oxfam Novib’s equity is divided and investments in the Triple Jump together on our common mission, but adjusting our fundraising, organizational
and beef industries that destroy in the contract between Oxfam Novib into reserves and funds: Innovation Fund. When a loan is repaid, also brings with it an interdependency and financial strategy we aim to become
Amazon rainforests and cerrados led to and Triple Jump BV. In addition, the • within the reserves, a distinction a corresponding amount is added to risk that requires careful management. more resilient and have a healthy
public responses by their CEOs and to criteria are measured and monitored is made between the contingency the earmarked reserve for loans and Within the One Oxfam model, Oxfam Novib organization that can absorb the impact
Parliamentary questions. via quarterly portfolio and management reserve and the earmarked reserves. guarantees and withdrawn from the acts as Executing Affiliate in twelve of unforeseen external factors, such as
reports. The earmarked reserves are intended earmarked fund for loans to partner country offices, providing back-office the Covid-19 pandemic.
1.2.4 Policies for purposes that have been approved organizations. Conversely, when a loan services. In the countries in which we are
Investment policy The investments in microfinance are by the Board of Directors and the Board is disbursed, the corresponding amount active only as a Partner Affiliate, other The Oxfam Strategic Framework that
Oxfam Novib’s investment activities long-term in accordance with the of Supervisors; is withdrawn from the earmarked reserve Oxfam affiliates provide these services. was launched in November 2020 also
relate to our mission to end injustice and mission of Oxfam Novib to defeat poverty. • the funds are resources that are tied to for loans and guarantees and added to Line management in all country offices is includes the ambition to transform
poverty. In order to realize this mission, The life of outstanding loans and particular purposes by third parties. the earmarked fund for loans to partner carried out by Oxfam International. Oxfam’s governance, management, and
the organization invests in Oxfam guarantees is reported in section 3.6.2 organizations. operational structures. Processes and
Novib Fund, which is managed by Triple ‘Financial fixed assets’. Contingency reserve Close cooperation within the procedures in the confederation will be
Jump BV on behalf of Oxfam Novib. The The contingency reserve exists to ensure The second element of this reserve confederation mitigates the risks of further harmonized. This is expected
Fund provides funding to microfinance Oxfam recognizes the importance of that the organization is able to meet its consists of the value of the participating interdependency. In addition, risks are to increase efficiency and the control
institutions in order to support access sustainable development for people obligations in the future. This reserve is interests held in The Currency Exchange mitigated by means of a clear framework over the risks of interdependency.
to finance for the poorest, because they living in poverty, and the long-term intended to guarantee the continuity of Fund (TCX), ASN- Novib Fund, Oikocredit on roles and responsibilities and on how Oxfam Novib, together with the Oxfam
have no access to the official banking benefits for MFIs of becoming a more the organization. In line with the model and Triple Jump B.V. which have (as a confederation) we work together to secretariat, Oxfam Intermon and Oxfam
system. All these investments are sustainable organization. Oxfam takes developed, the desirable size of the been financed from Oxfam Novib’s prevent risk areas from materializing and Great Britain will take a leading role
disclosed in section 3.6.2 ‘Financial fixed responsibility for and is committed to contingency reserve has been calculated own resources. These participating to mitigate them. in this harmonization process. The
assets’ and their results are included managing the labor and environmental on the basis of an estimate of the income interests are held in order to enable new strategic framework also comes
in section 3.7.10 ‘Balance of financial standards in its operations and supply flow insecurity and cost flexibility. The the organization to carry out its lending Risks at the organizational level: The with a phasing out and merging of
income and expenses’. chains. In order to embed appropriate Directive for the Financial Management activities as effectively as possible. Risk Register country offices where Oxfam Novib is
management of these standards, Oxfam of Charities (‘Richtlijn Financieel Beheer Oxfam Novib’s Risk Register identifies the Executing Affiliate. Those risks are
Oxfam Novib has set a number of adheres to an ethical and environmental Goede Doelen’) was taken into account in Earmarked reserve for management and potential internal and external risks, reflected and monitored through the
investment criteria which allow to purchasing policy. This framework is making the calculation. This calculation administration costs classifies these risks, and defines and register – just as the risk that comes
maximize mission-related objectives also included in the microfinance loans indicates a desirable minimum size of The earmarked reserve for management monitors mitigation measures and with managing multiple organizational
while at the same time managing the investment criteria. More concretely, €13 million and a maximum size of €20 and administration costs (the ‘ICR controls. Our risk register is assessed changes at the same time.
financial risks resulting from these the Oxfam Novib Fund, among others, million. reserve’) is used to finance operational every six months; alternately renewed
investment activities. The investment does not allow providing loans to support costs. The level of this and updated, on issues such as Risks at the country level: control
criteria set targets on the following any commercial activity in relation to Earmarked reserves earmarked reserve is determined with the effectiveness of the mitigation framework
aspects, amongst others: weapons, gambling, crypto currencies, Earmarked reserve for Oxfam Novib due regard for internal guidelines measures. Both the renewal and Oxfam Novib provides a control
• a single microfinance institution (MFI) pornography, use of child labor or sex projects designed to guarantee the continuity of the updates are carried out in close framework for the countries in which
is eligible for a maximum of 25 percent industry. The earmarked reserve for Oxfam Novib the project cycle. consultation with the management team we work as an Executing Affiliate. All
of the total portfolio of the investee projects consists of the part of the and the Board of Directors, before being of these country offices have separate
with a maximum of €2 million by The foreign exchange risk on loans unrestricted net assets comprising the 1.2.5 Risk and uncertainty submitted to the Board of Supervisors. risk profiles, including financial risks.
investee; granted through microfinance in funds earmarked in any year – from Oxfam Novib works in a complex, Wherever and whenever needed, Oxfam
• the exposure to a single country shall developing countries is hedged by the income from direct fundraising, multilevel and dynamic environment. It In 2020-21 we invested in strengthening Novib supports its country offices from
not exceed 15 percent of the invested means of forward exchange contracts. from the Dutch Postcode Lottery, and is therefore of paramount importance our measures to mitigate the risk of our office in The Hague. We minimize
portfolio; In order to avoid any currency risk to our from the net income of the publishing that we identify risks on different levels misconduct and unwanted behavior in risks by providing support and training,
• investments in any single local beneficiaries, such contracts always house – for program development, within the organization and manage our work. We continue to develop a new as well as through a solid control
currency may not exceed 7.5 percent of match the duration and amount of program implementation and innovation. them adequately. Risk management is Improving Safeguarding and Culture Plan framework. Furthermore, all main risk
ONF’s total microfinance portfolio with the long-term microfinance contract, Approved grants to be disbursed from considered a high priority throughout the that will guide Oxfam’s work over the areas are tested and checked regularly
the exception of XOF, which shall not except where there is no market for these funds to partner organizations organization. Oxfam Novib has integrated next two years, which builds upon our by our internal audit department. When
exceed 15 percent of the investments; forward exchange contracts in the local and own project implementation are risk management at all organizational ongoing anti-corruption, safeguarding audits prove that risks are not managed
currency. However, in accordance with recognized in the statement of income levels, as well as in our relationships and culture work; and it draws from and and mitigated well enough, we draft an
18 OXFAM NOVIB ANNUAL ACCOUNTS 2020/2021
2017/2018 19action plan, provide support, and plan a Oxfam’s employees, reputation and • have developed an Information Composition of the Board of Directors Council and negotiates with the union on Next year’s 2021-22 budget is aimed at
follow-up. assets from harm. Detailed practical Security Policy to further embed Michiel Servaes (1972) the collective labor agreement on behalf a break-even point. This is €3.4 million
guidance on implementing the policy security awareness and practices in Michiel Servaes started as Executive of the Board of Directors. She is also a better than the transitional multiannual
Risks at the project level: partner and establishing and maintaining our ways of working. Director in October 2018. As Executive member of the Board of Supervisors of budget which was approved by the
assessments an effective security management Director and chair of the Board of Triple Jump. Supervisory Board in March 2020. This
Risks within the projects Oxfam executes framework, are provided in the Security The measures Oxfam Novib has taken Directors, he has final responsibility for is the consequence of the structural
are managed throughout the entire Management Toolkit. If a security to mitigate the risks mentioned in this the strategic direction and organizational Within Oxfam International, Pauline savings, especially in the organizational
process. The Oxfam Novib Project situation prevents our staff from working section are sufficient to absorb the development of Oxfam Novib. Michiel Mulder is a member of the Executing costs, achieved with the change process
Cycle describes our ways of working safely, our projects continue to be financial consequences related to these Servaes is also the Director responsible Affiliate Working Group and the and the reorganization carried out during
and the checks and balances we have closely monitored from another location. risks. for the Public Engagement Unit, the Safeguarding Task Force. She is also this financial year.
implemented. This includes project risk Corporate Communication Unit and the chair of the Board of Oxfam Sweden.
assessments and mitigation measures. In order to ensure a safe working 1.3 Information Innovation Team, until April 1, 2021. On In terms of investments, in the next
environment for all Oxfam Novib about the Board of that date, the new Director Engagement 1.4 Outlook financial year we will continue to
Risks within the projects Oxfam Novib employees, the organization complies will take over these responsibilities. invest in engaging with our Dutch
executes are managed throughout the with an anti-bullying and anti-
Directors As part of our strategic review, in 2020- public, to increase our structural donor
entire process, through various teams harassment policy in addition to The directors of Oxfam Novib are Within Oxfam International, Michiel 21 we implemented both temporary base, and to increase our numbers of
in program, finance and operations the Oxfam Code of Conduct. Oxfam appointed following a formal and Servaes is a member of the Executive and structural adjustments in the younger supporters. We will focus on
departments. Until the end of 2020, Novib provides in-house confidential transparent procedure. Vacancies on Board, the Executive Board Operational organization with the objective that our mission, programs, and campaigns,
we used the uniform Risk Assessment counsellors, both in The Hague and in the Board of Directors are published Committee and the Executive the changes to our organization and to demonstrate that we are worthy of
Method Oxfam Novib (RAMON) which the country offices for which we are internally and externally. According to Board Humanitarian Committee. He the changes to the Oxfam model our public’s trust, and at the same time
included a partner risk classification; we an Executing Affiliate. Also, (potential) this formal procedure, the members represents Oxfam Novib on the Board would lead to a financially healthy and we will invest in creating a safe and
combined this with an annually updated violations of our code of conduct can be of the Remuneration Committee of the of the Foundation of Cooperating future-proof Oxfam Novib. In the year courageous working environment for
project risk assessment. In 2021, reported through our Speak Up protocol, Board of Supervisors work with the Aid Organizations (Samenwerkende ahead, we will continue to build the the people we work with and work for,
Oxfam Novib launched the Project and which provides a number of reporting Executive Director to select the most Hulporganisaties), the Dutch umbrella foundations for Oxfam Novib’s future, and ensuring that we provide visible
Partnership Risk Management (PRISMA) channels; these mechanisms are suitable candidate. A formal proposed organization for emergency appeals. reinforcing the alignment between proof that we are reliably, competently,
approach, as part of responsible, mature available for anyone who feels the need appointment is submitted to the Works tightening our strategic ambitions, and honestly committed to the highest
and accountable project management to speak up about unwanted behavior in Council for advice. Ton Meijers (1958) further strengthening the organizational standards of integrity.
in partnerships. PRISMA replaces RAMON, or outside the workplace. Ton Meijers started as Director of structure and culture, ensuring future-
and helps us assess and manage Oxfam Novib adheres to the Advisory Programs & Campaigns in September proof financial frameworks, and taking Our organization, as many others,
internal and external risks for any project Risk at privacy level: GDPR and data Scheme for the Remuneration of 2017 after managing the Program, into account the implications of has been affected by the Covid-19
and provides a holistic risk management privacy Directors of Charity Organizations of Support & Impact Unit at Oxfam Novib. He changes occurring within the Oxfam pandemic. In 2020-21, the financial
approach. It places more emphasizes To strengthen compliance with the Goede Doelen Nederland (the Association is responsible for the Thematic Units, the Confederation. impact was limited, though the medium-
on sharing the responsibilities of General Data Protection Regulation of Fundraising Organizations) and the Program, Support & Impact Unit and the term consequences are uncertain.
managing the risks in our projects and (GDPR) into Oxfam Novib’s business Samenwerkende Brancheorganisaties Humanitarian Team. In July 2020, as part of Oxfam Novib’s On the one hand, we will continue
partnerships. It invites our partners to processes and activities, we: Filantropie (SBF) Code of Good Charity strategic process review in which the campaigning in the Netherlands in
ask Oxfam the same questions as we ask • continuously maintain a Data Governance. The ‘Remuneration Policy Ton Meijers represents Oxfam Novib income projections were lower than order to mobilize additional resources
them. PRISMA also includes additional Processing Register; for the Board of Directors’ is based on as shareholder in Triple Jump, which previously estimated, the Board of from private individuals to fund the
questions and guidance on high-risk • notified the Dutch Data Protection the criteria of this Scheme and on the manages Oxfam Novib Fund. Furthermore, Directors took the difficult decision emergency actions in the countries in
areas such as safeguarding and anti- Authority in the few cases data were SBF Code relating to remuneration, he is a member of the Board of the Dutch to make temporary and structural need of help; and new projects have
terrorism financing, unintentionally leaked; job grading, and maximum salary for Relief Alliance (DRA) and a member adjustments, representing a value of been awarded by donors to fight against
• secured and updated Data Processing directors. of the Board of Partos. Within Oxfam around €7 million on an annual basis, the devastating consequences of the
Risks at the personal level: security and Agreements with relevant external International, Ton Meijers is a member of to realign the multiannual expenditure pandemic. On the other hand, in our
safety suppliers and processors; In 2020-21 there were no changes to the Long Term Development, Knowledge level with income and built up again the microfinance work, we remain at higher
Oxfam Novib works in many insecure • opened up a support line through the Board of Directors. Michiel Servaes and Institutional Funding platform. contingency reserve to ensure financial risk for the reimbursement of the loans
environments and regularly faces an external privacy agency, to give is Oxfam Novib’s Executive Director, resilience in the future. During 2020- due to the lockdown of the business
security incidents which are usually employees easy access to advice and Pauline Mulder is our Director Finance & Pauline Mulder (1974) 21 Oxfam Novib went through a deep worldwide. During 2020-21, most of the
managed by the immediate line information on how to deal with the Operations, and Ton Meijers remains our Pauline Mulder started as Director change process that led to a new design pipeline deals were put on hold to avoid
management with advice and support. protection of personal data; Director Programs and Campaigns. Finance & Operations in September 2018. of the organization and a reduction increasing the risks in the loan portfolio
The confederation-wide Security Policy • conducted Privacy Impact She is responsible for the Corporate of the number of employees. This while the assessment of the impact on
provides managers and employees with Assessments for any new or For remuneration details refer to section Groups: Institutional Fundraising and reorganization was finalized in March the current investees was the major
strategy and direction to enable the substantially changed processing 3.7.9.2 ‘Salary and emoluments paid to Donor Relations, Human Resources, ICT & 2021 and managed to rebalance the priority. The intention was to ensure a
effective implementation of Oxfam’s activity, to minimize the risk of privacy- directors’. Facilities, Quality Finance & Control and multiannual budget with a sustainable coordinated response providing support
program objectives, while at the same related issues; the Integrity team. Pauline Mulder holds financial strategy for the medium term. to investees in need and increase their
time protecting (to the extent possible) consultation meetings with the Works chances of longer-term survival, acting
20 OXFAM NOVIB ANNUAL ACCOUNTS 2020/2021 21You can also read
