A/HRC/16/31 Amount (in United States dollars) Date of receipt 320,701.23 10 June 2010 Finland 180,024.66 3 September 2010 France 269,179.00 1 April 2010 Germany 498,218.25 19 August 2010 Iceland 20,000.00 10 February 2010 Ireland 111,402.36 25 August 2010 Kuwait 10,000.00 6 May 2010 Liechtenstein 23,062.73 30 July 2010 Luxembourg 34,722.22 19 November 2010 Donors Denmark Morocco 3,000.00 22 March 2010 164,826.11 24 August 2010 Republic of Korea 95,000.00 21 November 2010 Turkey 10,000.00 23 August 2010 7,100,000.00 13 September 2010 316.30 April 2010 Norway United States of America Private sources Individuals Total contributions and pledges 9,048,658.72 6. In accordance with United Nations financial regulations, programme support costs will be charged to the Fund at the rate of 13 per cent of total annual expenditure. In addition, the United Nations requires that an operating cash reserve of 15 per cent of estimated annual expenditure be maintained to cover exchange rate fluctuation and any shortfalls and to meet final expenditures, including any liquidating liabilities. The operating cash reserve will be left unallotted and carried forward from year to year, until required. Expenditure for non-grant activities include, inter alia, travel expenditure for Board members, expenditure for monitoring and evaluation of projects by United Nations staff and technical assistance for the further development of the grant management system. 7. The amount available for distribution to projects was calculated after deducting programme support costs, operating cash reserve and expenditure for non-grant activities from the total amount of funds made available in the form of contributions received between the thirty-first session of the Board of Trustees, held in October 2009, and the thirty-third session of the Board, held in October 2010, and the operating cash reserve of the previous cycle. Any voluntary contribution received between 18 October 2010 and 30 January 2011 may be used for funding projects that will be considered by the Board at its thirty-fourth session in February 2011, in addition to the $1,116,950 already set aside by the Board for that purpose at its thirty-third session. B. Recommendations adopted by the Board 8. At its thirty-third session, the Board reviewed information prepared by its secretariat concerning 327 projects, including the analysis of narrative, financial and audit reports on the use of grants paid in previous years. It considered requests for new grants amounting to $20,688,284 for more than 300 projects to provide direct assistance to victims of torture 3