Operations in 2012 record the highest revenue earned by CEPA in its 12 year history. The Overseas Development Institute (ODI) and International Development Research Centre (IDRC) continue to be the main funders for CEPA covering approximately 73% of the total revenue.

The IDRC Think Tank Institutional (TTI) grant which began funding CEPA in 2010 will continue to fund some core costs till mid 2014. IDRC also funds the diaspora project through Oxford University, which provides a long term line of funding for the Migration thematic and the TTI matching fund grant supported the poverty symposium for 2012.

ODI is the project holder for two long term lines of funding from DFID and 3ie. The rest of the funding came from 16 projects/ funding lines and trainings carried out during 2012.
The revenue for the year includes an unrealized exchange gain of Rs. 5.8 million, arising from the contract receivables stated in foreign currency. When reviewing CEPA's operations, it is prudent to consider the income and surplus net of this unrealized gain.

The overheads and staff cost increased marginally during the period, much less in proportion to the increase in revenue. This is attributed to the fact that CEPA is now enjoying the result of the time and effort put into building concepts and developing funding lines over the past few years.

The investment earnings of the Development Fund have been re-invested in the fund since CEPA is in a position to finance its operations independent of the investment return earned by the fund. This has resulted in a 12% growth in the Development Fund. The Friends of CEPA Fund too has grown by 16% due to the interest earned on the investments.

As estimated, the year 2012 ends in a surplus of approximately Rs. 4 million arising from CEPA operations. The net surplus recorded is Rs. 17.8 million which includes an unearned exchange gain of Rs. 5.8 million and the investment earnings of the Development Fund of Rs. 7.5 million which has been reinvested in the fund. Over 75% of the 2013 budget being covered by confirmed funding at the beginning of the year indicates a healthy financial situation and is expected to enable CEPA to achieve the expected growth as per its financial sustainable strategy.