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Financial Status 2014

 

Income-Expenditure 2014

Donations133 124,28 EUR
Interest1,18 EUR
Sum Income 133 125,46 EUR
Operational expenditure 114 203,89 EUR
Support (teams, centers, workshops, information events)23 186,55 EUR
 Sum Expenditure137 390,44 EUR
  
  
Annual Result-4 264,98 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

The donations increased compared to 2013.

It was important to continue to support the activities in the country societies. The support was mainly given to societies in Eastern Europe. The amount was reduced compared to 2013, mainly as the support to Lighthouse Center® Poland could be reduced.

Funds were donated to local country societies to support charity activities in Bulgaria and Lighthouse Center® Poland.

 

Balance sheet as of December 31, 2014

Immaterial assets0,00 EUR
Material assets3 183,65 EUR
Current assets47 221,65 EUR
Sum ASSETS50 405,30 EUR
Contributed Capital20 019,28 EUR
Retained earnings34 374,55 EUR
Annual result– 4 264,98 EUR
Liabilities276,45 EUR
Sum LIABILITIES50 405,30 EUR