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Financial Status 2015

 

Income-Expenditure 2015

Donations 128 877,69 EUR
Interest 0,00 EUR
Sum Income 128 877,69 EUR
Operational expenditure 69 990,66 EUR
Support (teams, centers, workshops, information events) 73 211,41 EUR
Direct Charity 1 841,32 EUR
 Sum Expenditure 145 043,39 EUR
Annual Result -16 165,70 EUR

 

Remuneration Policy for Board Members

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

The board has appointed one senior administrator who received a wage, included in the operational expenditure.

 

Brief Explanation Income-Expenditure

The donations decreased slightly compared to 2014.

The main Operational Expenditures are expenses that enables the HSI to implement activities to inform and train member societies and their supporters.

It was important to continue to support the country societies enabling them to implement their activities. The support was mainly given to societies in Eastern Europe and the international Lighthouse Center® in Poland. The HSI board was happy to increase the support compared to 2014 as many new initiatives were taken in the countries.

The Direct Charity was the first charity initiative organized directly by the HSI supporting a refugee center in Munich (Germany).

 

Balance sheet as of December 31, 2015

Immaterial assets 0,00 EUR
Material assets 1 430,41 EUR
Current assets 33 886,62 EUR
Sum ASSETS 35 317,03 EUR
Contributed Capital 20 019,28 EUR
Retained earnings 30 109,57 EUR
Annual result -16 165,70 EUR
Liabilities 1 353,88 EUR
Sum LIABILITIES 35 317,03 EUR