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Financial Status 2013

 

Income-Expenditure 2013

Interest3,63 EUR
Donations101 128,05 EUR
Sum Income 101 131,68 EUR
Operational expenditure 101 131,68 EUR
Support (teams, centers, workshops, information events)62 640,59 EUR
 Sum Expenditure143 644,93 EUR
  
  
Annual Result– 42 513,25 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.

The board has appointed one senior administrator who is receiving a wage.

 

Brief Explanation Income-Expenditure

It was important to continue to support the activities in the country societies. The support was mainly given to societies in Eastern Europe and to Lighthouse Center® Poland.

To fund the activities it was decided to take the necessary amount from the reserves.

The operating expenses were slightly reduced compared to 2012.

 

Balance sheet as at 31st December 2013

Immaterial assets168,11 EUR
Material assets5 065,39 EUR
Current assets49 565,52 EUR
Sum ASSETS54 799,02 EUR
Contributed Capital20 019,28 EUR
Retained earnings76 887,80 EUR
Annual result– 42 513,25 EUR
Liabilities405,19 EUR
Sum LIABILITIES54 799,02 EUR