Annex: FINANCIAL REPORT 2014
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Date of publication: July 2015 Š International Federation for Spina Bifida and Hydrocephalus Co-funded by the Rights, Equality and Citizenship programme of the European Union
REPORT OF THE AUDITOR ON THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31-12-2014 ADDRESSED TO THE GENERAL MEETING OF “INTERNATIONAL FEDERATION FOR SPINA BIFIDA AND HYDROCEPHALUS” (Cellebroersstraat 16 - 1000 Brussels) In accordance with the assignment by the board of directors, we report to you on the performance of the audit mandate which has been entrusted to us. We have audited the financial statements for the year ended 31-12-2014, prepared under the responsibility of the board of directors of the federation, which shows a balance sheet total of € 471.828,45 and a profit for the year of € 4.744, 05. UNQUALIFIED AUDIT OPINION ON THE FINANCIAL STATEMENTS Our audit was planned and performed to obtain reasonable assurance about whether the financial statements are free of material misstatement. Federation officials have responded clearly to our requests for explanations and information. On a test basis, we have examined the justification for the amounts included in the annual accounts. We have assessed the accounting policies, the significant accounting estimates made by the federation and the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion. In our opinion, taking into account the legal and regulatory requirements applicable in Belgium, the financial statements for the year ended 31/12/2014 give a true and fair view of the federations’ assets, liabilities, financial position and results of operations. ADDITIONAL CERTIFICATIONS AND INFORMATION We supplement our report with the following certifications and information which do not modify our audit opinion on the financial statements: • Without prejudice to formal aspects of minor importance, the accounting records were maintained in accordance with the legal and regulatory requirements applicable in Belgium. • Otherwise, we do not have to report to you any transactions undertaken or decisions made in violation of the by laws of the articles of the Law on Non-Profit Organisations. Lennik, March 16th 2015 Roger de Nul Auditor
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BALANCE SHEET 2013-2014
Assets
31-Dec-2014
31-Dec-2013
TANGIBLE ASSETS
3.546,22
3.058,87
IT & office supplies
14.213,55
10.509,80
Depreciations IT & offiche supplies
-11.198,12
-8.697,27
Offiche furniture
3.577,83
3.577,83
Depreciations office furniture
-3.577,83
-2.862,28
Cautions
530,79
530,79
AMOUNTS RECEIVABLE
149.025,02
183.046,99
Debtors
49.177,15
69.874,60
Invoices to make
0,00
21.412,06
Advances
0,00
1.121,97
Dubious debtors
28.125,66
29.548,66
Depreciations debtors
-28.125,66
-14.456,27
Subsidies to receive
39.506,53
29.961,06
Projects current accounts
0,00
0,00
Divers to receive
0,00
0,00
Child-Help current account
60.341,34
45.584,91
BANK & CASH ACCOUNTS
319.125,63
396.786,00
KBC - accounts
57.054,67
4.757,57
KBC - accounts saving
262.070,96
391.118,22
Internal transfers
0,00
910,21
TRANSIT ACCOUNTS
12.455,91
2.122,33
Costs for next year
131,58
2.122,33
Profits for this year
12.324,33
0,00
Total assets
484.152,78
585.014,19
Liabilities
31-Dec-2014
31-Dec-2013
RESERVES
242.445,89
237.701,84
Funds of IF
237.701,84
253.845,29
Profit-los bookyear
4.744,05
-16.143,45
PROVISIONS
7.645,66
0,00
Provisions return subsidies
7.645,66
0,00
AMOUNTS PAYABLE
77.997,72
118.949,32
Suppliers
27.472,76
57.315,47
Taxes to be paid
0,00
1.494,00
Social charges to be paid
0,00
0,00
Salary's to be paid
437,67
1.966,37
Provision holiday fee
32.280,39
23.142,49
Projects current accounts
17.806,90
31.099,01
Divers to pay
0,00
3.931,98
Child-Help current account
0,00
0,00
TRANSIT ACCOUNTS
156.063,51
228.363,03
Costs for this year
0,00
0,00
Profits for next year
156.063,51
228.363,03
Total liabilities
484.152,78
585.014,19
0,00
0,00
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INCOME
1.130.412,33 €
General Income
1.103.175,60 €
Membership fees Donations Contribution Bühler
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profit and loss 2014
8.910,00 € 997,18 € 114.380,27 €
Contribution Akzo Nobel
50.000,00 €
Contribution Alapala
36.161,98 €
Contribution Child Help
83.024,46 €
Contribution CDC Foundation
26.366,85 €
Contribution Global Alliance for Improved Nutrition
26.058,34 €
Subsidies Norad (through RHF)
246.024,39 €
Subsidies SHIA (through RBU)
66.377,34 €
Subsidies EU
227.188,30 €
Subsidies Ministry Foreign Affairs
217.686,49 €
Diverse recuperation Financial Income Exceptional Income
RESULT
25.559,23 € 1.677,50 € 0,00 €
4.744,05 €
ALL COSTS General Costs Housing costs (rent, energy, cleaning) Office supplies Communication costs (website, telephone, postal costs) Shipping costs
1.125.668,28 € 744.747,13 € 21.454,71 € 5.088,07 € 18.410,58 € 166,81 €
Membership (IDDC, EDF)
2.283,00 €
Payroll costs
8.487,51 €
Bookkeeping
4.956,15 €
Audit
1.542,75 €
Insurance
1.359,28 €
Publications
5.725,91 €
Consultant - China
12.000,00 €
Consultant - Argentina
12.000,00 €
Consultants - flour fortification (Smarter Futures)
92.004,10 €
Consultant - Fundraising
5.000,00 €
Other fees (IT, layout)
4.638,17 €
Travel Accommodattion and subsistence Conferences - Workshops
176.480,96 € 44.471,57 € 109.516,26 €
Medical material to projects
18.262,36 €
Salaries in projects
74.671,14 €
Training in projects
45.414,88 €
Treatment and rehabilitation in projects
25.945,25 €
Parent and youth meetings in projects
25.890,09 €
Sensitization and advocacy in projects
8.735,17 €
Prevention activities in projects
5.077,21 €
Research in projects
2.249,53 €
Administration in projects
8.994,31 €
Other costs
3.921,36 €
Salary Costs
350.921,75 €
Depreciations Financial Costs Exceptional Costs
24.531,45 € 5.467,95 € 0,00 €
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The International Federation for Spina Bifida and Hydrocephalus Cellebroersstraat 16 - 1000 Brussels, Belgium T: +32 (0) 2 502 04 13 www.worldspinabifidahydrocephalusday.com www.ifglobal.org www.pu-sh.org info@ifglobal.org