a strong patients’ voice to drive better health in europe annual general meeting may 2010,...
TRANSCRIPT
A STRONG PATIENTS’ VOICE TO DRIVE BETTER HEALTH IN EUROPE
Annual General Meeting May 2010, Brussels
Accounts 2009 +Budget 2010
o 2009 - a good financial year for EPF
o Strong cash position at the end of the year
o Reserves policy on track (6 Months)
Key Points
o Commitment to transparency
o Continued commitment to diversity of funding
o New sponsorso Foundationo Commission Funded Projects
Key Points
Income 2008 versus 2009
(EUR) 2008 2009
Membership fees 7 252 7 250Core Grant 322 500 342 858
Events 144 200 135 000Projects 103 263 186 296
Interest - Other Income 12 310 6007
Total income 589 530 677 411
Expenditure 2008 versus 2009(EUR) 2008 2009
Staff and fees -261 551 - 301 388-Office costs -66 682 - 64 503
Travel -27173 - 40 600Events -139 007 - 149 406
Projects -139 424 -179 002Communications -20 956 -17 359
Bank fees -11 555 - 5 710
Total -666 350 - 757968
Secretariat income 136 472 152,811
Surplus 2008 versus 2009
(EUR) 2008 2009
Surplus for year 60 000 72 255
Reserves (EUR)
(EUR) 2008 2009
RESERVES 280 000 352 255
EPF income, mgt accounts (EUR ‘000)
2009Total Income 677
Membership 7
Core Grants 343
Events 135
Projects 186
Interest 6
2008Total Income 589
Membership 7Core grants 323Events 144Projects 103Interest 12
EPF Expenditure Allocation (mgt accounts) EUR ‘000
Projects
2008Total Expenditure: 666
Governance 35Policy 241Projects 180Capacity Building 40Communications 50Conference 120
2009Total Expenditure:
757
Governance 43Policy 280Projects 179Capacity Building 85Communications 50Conference 120
Our auditing standards require that we plan and perform our audit to obtain reasonable assurance about whether the financial statements are free of material misstatement.
In our opinion, the financial statements for the year ended 31 December 2009 give a fair view of the organisation’ assets, liabilities, financial position and results of operations.
Auditor’s Report
Budget 2010 (EUR ‘000)
Income estimate609
Core grants 330
Events 185
Projects 84
Membership, Interest 10
Expenditure es-timate 608
Governance 60Policy 235Projects 83Capacity Building 90Communications 80Conference 60
o Prudent budget o Income secured for 2010 (Commission and Sponsors)o Cash-flow as forecasto Mid –Year Financial Review by Board
Budget 2010 - Key Points
o Financial strategy includes:
o Project funding in line with policy priorities (FP7/public health)
o Invitations to Tendero Foundationso Continued diversification - Non pharma
2011 and beyond
A STRONG PATIENTS’ VOICE TO DRIVE BETTER HEALTH IN EUROPE