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Financial Status 2013
Income-Expenditure 2013
Interest | 3,63 EUR |
Donations | 101 128,05 EUR |
Sum Income | 101 131,68 EUR |
Operational expenditure | 101 131,68 EUR |
Support (teams, centers, workshops, information events) | 62 640,59 EUR |
Sum Expenditure | 143 644,93 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 assets | 168,11 EUR |
Material assets | 5 065,39 EUR |
Current assets | 49 565,52 EUR |
Sum ASSETS | 54 799,02 EUR |
Contributed Capital | 20 019,28 EUR |
Retained earnings | 76 887,80 EUR |
Annual result | – 42 513,25 EUR |
Liabilities | 405,19 EUR |
Sum LIABILITIES | 54 799,02 EUR |