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STRATEGY Financial: The Financial part of the organization is seen as the basis for STAR. Through acquisition we gain income to organize all our projects and events. A strict budget control is necessary to minimize STAR’s financial risks. Active Members: Trainings became an important layer in STAR’s future, which has been provided through financial management. With setting up a skills plan for each active member, STAR will help them to set personal goals which will motivate them to develop themselves. We found it important that this plan becomes an incentive for students to become active at STAR. Activities: By developing our members and re-establishing our portfolio STAR its projects where optimized. This year we renewed STAR’s recruitment system, which makes it easier for students to apply for one of our committees. Through knowledge sharing and cohesion between our Bachelor committees and Master Study Clubs we tried to inspire a better ‘STAR feeling’ between our members. Additionally, alumni are an important group for STAR. These members have given everything for a varying period of time to enrich themselves and thereby enriching STAR. This is why we established a good collaboration between current active members and our alumni. Members: Since STAR’s projects are optimized and our members are supported in their development we strived to fulfill the demand of all our members. A better fit between what we offer to our members and the demands from our members is important, therefore we conducted a market research, portfolio analysis which helped us to get an overview of the above mentioned demand. All projects can be seen as the branches of each tree, the pillars. Some branches are Value Drivers in our Strategy Map, because they needed some more attention than others. We personally identified the following projects: Cultural Activities, Repositioning our parties, and Academic Activities that needed more attention. A major change in our strategy compared with the last few years can be found in the academic pillar. As a Study Association we have been adding academic value through STAR its booksale. We have added Exam Trainings, Language Courses, Skills Week, and Summaries to increase the academic focus. Additionally, a new pillar has been added: Contribute to Society. Besides Reach Out and iCare STAR contributed to one specific charity, namely ‘Make A Wish’. Moreover, a layer titled Greening STAR is positioned next the upper three layers. Through focusing on these two aspects STAR tried to contribute to a better society.
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Exam Training: in collaboration with Capita Selecta we offered the first exam training with a discount for STAR Members;
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Tangible fixed assets
31-7-2013
Furniture Computers and peripheral devices Marketing items Software and licences Total assets
Accounts receivable
31-7-2012
€24.654
€28.209
€8.513
€15.883
€505
€463
€35.155
€27.852
€68.827
€72.407
31-7-2013
31-7-2012
Joint venture projects
€14.465
€19.609
Provision Bad Debts
(€1.325)
(€2.234)
Other receivables
€124.282
€198.384
Total assets
€137.422
€215.759
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Equity
31-7-2013
Retained Earnings
€427.531
€403.269
General reserves
€73.470
€107.636
Exploitation surplus/deficit
(€11.172)
€24.262
€489.828
€535.167
Total
31-7-2013
Provisions Current liabilities
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31-7-2012
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31-7-2012
€1.325
€2.234
€36.914
€107.247
Net income
31-7-2013
31-7-2012
Contribution students
€434.132
€388.070
Acquisition revenues
€372.639
€497.693
€75.316
€70.939
€ 621.437
€ 613.338
€ 51.433
€ 9.894
€1.554.958
€1.579.933
Contribution faculty and funds Sales books Contribution other
Costs of organising projects
31-7-2013
31-7-2012
Overhead costs
€45.940
€56.734
Project costs
€319.311
€360.015
Day programme costs
€122.547
€75.109
Travelling costs
€248.932
€210.599
Recruitment and marketing costs
€113.285
€105.460
Costs books
€601.812
€617.164
Other costs
€4.043
€15.038
€1.455.869
€1.440.118
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General and administrative expenses
31-7-2013
Office supplies costs
€23.720
€18.992
Usage and depreciation
€29.833
€20.218
Project costs
€73.654
€70.741
€2.531
€2.433
Board costs
€68.342
€58.848
Marketing costs
€11.323
€9.573
Other costs
€11.384
€23.786
€30.096-
€38.318-
€190.691
€166.272
Travelling costs
Allocated overhead charges
Other income
31-7-2013
Interest revenues
31-7-2012
€5.409
€6.773
Result joined events
€30.967
€39.289
Result liabilities
€45.410
(€22.544)
Other results
€12.113
€19.979
(€13.469)
€8.547
€80.430
€52.043
Result Overhead
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31-7-2012
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