A/HRC/13/75 III. Financial situation of the Fund and estimated needs for 2011 13. Since 2006, the Board has progressively increased the amount awarded in grants to projects worldwide. This has been possible because the income used during the period 2006–2010 has included both the yearly voluntary contributions and unallocated amounts carried over from previous years. These amounts resulted from more efficient management of the Fund, including the change in cycle, closer monitoring of grantees and stricter reporting requirements. The Board decided to use the carry-overs to increase the level of funding to projects, particularly in priority regions. 14. At its thirty-first session, the Board carefully examined the financial situation of the Fund of recent years. For 2011, Board expects that, in order for it to continue to meet requests from grantees at current levels, it will be faced with a shortfall of some $3 million. Should contributions for 2011 remain at their current level, the Board may need, as a last resort, to implement a reduction of 20 per cent in grants to be awarded as of 2011. 15. On the basis of the requests received for 2010, it is expected that approximately $19 million will be requested by organizations for 2011. IV. Making a contribution 16. Contributions to the Fund should always be marked “payee: United Nations Voluntary Fund for Victims of Torture, account CH”. Payments may be made either by bank transfer (a) in United States dollars to the United Nations Geneva General Fund, account No. 485001802, J.P. Morgan Chase Bank, national Agencies Banking, 1166, Ave. of the Americas, 17th floor, New York, NY 10036-2708, United States of America (Swift code: CHAS US 33; ABA code: 021000021); (b) in euros to the United Nations Office at Geneva, account No. 23961901, J.P. Morgan Chase Bank, 125 London Wall, London EC2Y 5AJ, United Kingdom (Swift code: CHAS GB 2L, sorting code: 60-92-42, IBAN: GB25 CHAS 6092 4223 9619 01); (c) in pounds sterling to the United Nations Office at Geneva, account No. 23961903, J.P. Morgan Chase Bank, 125 London Wall, London EC2Y 5AJ, United Kingdom (Swift code: CHAS GB 2L, sorting code: 60-92-42, IBAN: GB25 CHAS 6092 4223 9619 03); (d) in Swiss francs to the United Nations Geneva General Fund, account No. 240-C0590160.0, UBS, rue du Rhône 8, Geneva 2, Switzerland (Swift code: UBSW CH ZH 12A; IBAN: CH65 0024 0240 CO59 0160 0); (d) in other currencies to the United Nations Geneva General Fund, account No. 240-C0590160.1, UBS, rue du Rhône 8, Geneva 2, Switzerland (Swift code: UBSW CH ZH 12A; IBAN: CH65 0024 0240 CO59 0160 1); (e) or by cheque payable to the United Nations, addressed to Trésorerie, Nations Unies, Palais des Nations, CH-1211 Geneva 10, Switzerland. Donors are requested to inform the secretariat of the Fund and the Resource Mobilization Unit of OHCHR when a payment has been made (a copy of the bank transfer order or of the cheque would be appreciated) to facilitate effective follow-up on the official recording procedure and preparation of reports of the Secretary-General. V. Conclusions and recommendations 17. Pursuant to the appeals made by the General Assembly and the Board of Trustees of the Fund, donors are invited to pay their contributions to the Fund before the thirty-third session of the Board (18–22 October 2010) to enable the latter to take them into account in October 2010. 18. In the light of the difficult financial situation foreseen for 2011, the General Assembly and the Board have urged regular donors to increase, as much as possible, GE.09-17429 5