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Financial Status 2012

 

Income-Expenditure 2012

Interest 11,73 EUR
Donations 144 165,21 EUR
Sum Income  144 176,94 EUR
Operational expenditure 87 181,95 EUR
Support (teams, centers, workshops, information events) 67 039,82 EUR
Event Euro Retreat (rest 2011) 76,20 EUR
Sum Expenditure 154 297,97 EUR
Annual Result -10 121,03 EUR

 

Remuneration Policy for Board Members

The board members of HSI work on a purely voluntary basis. Only reasonable expenses for travel and lodging occurred during work for HSI are reimbursed.

 

Brief Explanation Income-Expenditure

Donations increased compared to 2011. It was important for the growth of the work of the HSI to increase the support for activities, even though the HSI donations alone could not cover the increase. The support for activities increased by 25% over 2011, mainly in Eastern Europe and to Lighthouse Center® Poland.

Operating expenses were reduced compared to 2011, mainly expenses relating to legal advice.

 

Balance sheet as at 31st December 2012

Immaterial assets 336,21 EUR
Material assets 8 641,53 EUR
Current assets 88 126,24 EUR
Sum ASSETS 97 103,98 EUR
Fiscal year beginning 20 019,28 EUR
Retained earnings 87 008,83 EUR
Annual result -10 121,03 EUR
Liabilities 196,90 EUR
Sum LIABILITIES 97 103,98 EUR