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Financial Status 2016

 

Income-Expenditure 2016

Donations 136,358.31 EUR
Interest 0,00 EUR
Sum Income 136,358.31 EUR
Member Society Support 59,710.81 EUR
HSI Activities 4,157.17 EUR
Operational Costs 32,316.45 EUR
 Sum Expenditure 96,184.43 EUR
Annual Result 40,173.88 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.

For the first five months of 2016, the board has appointed one senior administrator who received a wage, included in the Member Society Support.

 

Brief Explanation Income-Expenditure

The donations increased by 6% compared to 2015.

Member Society Support was mainly given for the international Lighthouse Center in Poland (LCP), and to societies in Eastern Europe to support the work in accordance with the HSI statutes.

The HSI Activities covered costs for workshops during the European Summer Retreat at LCP. The HSI also supported a youth event in Slovenia with charity activities.

Overall the expenditures decreased by 30% compared to 2015, mainly due to decreased support needed for the LCP.

 

Balance sheet as of December 31, 2016

Immaterial Assets

0.00 EUR

Material Assets

6,457.19 EUR

Current Assets

67,654.21 EUR

Sum ASSETS

74,111.40 EUR

Contributed Capital

20,019.28 EUR

Retained Earnings

13,943.87 EUR

Annual Result

40,173.88 EUR

Sum CAPITAL

74,137.03 EUR

Depts

-25.63 EUR

Sum LIABILITIES

74,111.40 EUR