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Financial ReportYoung European Federalists (JEF-Europe) aisbl
XXIV European CongressMalta, 11 November 2017Simon Devos, Treasurer
Contents
• Sections & Members• 2015 & 2016 Accounts• 2017 Outlook• Cash Flow• Work relationships & recommendations• Q (&A)
Financial Report – Young European Federalists aisbl – XXIV European Congress -Malta 2017 2
Sections & Members
• 32 Sections• 5 Candidate Sections• 2014: 11 872 members• 2015: 11 974 members• 2016: 12 384 members
3Financial Report – Young European Federalists aisbl – XXIV European Congress -Malta 2017
Sections & Members
• 4 sections have not not shown a sign of life in 2016 and 2017:JEF-Albania, JEF-Armenia, JEF-Lithuania, JEF-Serbia
• 7 more sections have not fulfilled their obligations towards JEF-Europe in 2017:JEF-Greece, JEF-Hungary, JEF-Kosovo, JEF-Latvia, JEF-Montenegro, JEF-Portugal, JEF-Turkey
4Financial Report – Young European Federalists aisbl – XXIV European Congress -Malta 2017
Sections & Members
5
0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Evolution of JEF-Europe membership since 1998
Financial Report – Young European Federalists aisbl – XXIV European Congress -Malta 2017
Sections & Members
6Financial Report – Young European Federalists aisbl – XXIV European Congress -Malta 2017
2015 Accounts
• Accounts have been closed• 2 000 EUR profit• Spent more than expected on statutory meetings• External audit took place, no issues• Coming up: internal audit
7Financial Report – Young European Federalists aisbl – XXIV European Congress -Malta 2017
2015 Accounts
8
€ 20,121
€ 50,000
€ 19,950
€ 18,341
Income of JEF-Europe in 2015
Membership fees from sections
European Commission operating grant
Council of Europe operating grant
Direct revenue
Financial Report – Young European Federalists aisbl – XXIV European Congress -Malta 2017
2015 Accounts
9
€ 51,653
€ 5,768
€ 29,250
€ 10,687
€ 10,442
Expenses of JEF-Europe in 2015
Personnel
General expenditure (operating costs secretariat)
Statutory meetings
Office
Other costs
Financial Report – Young European Federalists aisbl – XXIV European Congress -Malta 2017
2016 Accounts
10
• Accounts have been closed• 11 600 EUR loss (Council of Europe grant)• Reserves were sufficient to cover the loss• Spent less than expected on operational budget• External audit took place, no issues
Financial Report – Young European Federalists aisbl – XXIV European Congress -Malta 2017
2016 Accounts
11
22,774 €
50,000 €
20,963 €
8,918 €
Income of JEF-Europe in 2016
Membership fees from sections
European Commission operating grant
Council of Europe operating grant
Direct revenue
Financial Report – Young European Federalists aisbl – XXIV European Congress -Malta 2017
2016 Accounts
12
€ 43,347
€ 4,126
€ 18,858
€ 6,757
€ 11,568
Expenses of JEF-Europe in 2016
Personnel
General expenditure (operating costs secretariat)
Statutory meetings
Office
Other costs
Financial Report – Young European Federalists aisbl – XXIV European Congress -Malta 2017
2017 Outlook
• No issues coming up• Operational budget:• precautionary principle• Currently underspending
• Projects:• Expenditure and reporting according to plan
• Work on the recommendations of auditors• Accountant!
13Financial Report – Young European Federalists aisbl – XXIV European Congress -Malta 2017
Cash Flow
14
• Current cash position: approx. 60KEUR• Stable situation and outlook• Even though a big loss occurred in 2016,
our cash position never got very alarming• Monitoring by SG/Treasurer
Financial Report – Young European Federalists aisbl – XXIV European Congress -Malta 2017
Work relationships & recommendations
15
• Thanks Hendrik for the excellent handover! • Thanks Valentin for your dedication!
• Regular exchange with the SG• Financial report at every EB meeting• Budget changes: role of the FC Presidium• TF FinFun: inactivity• SolidarityFinancial Report – Young European Federalists aisbl – XXIV European Congress -Malta 2017
Q (&A)
Always happy to help!
16Financial Report – Young European Federalists aisbl – XXIV European Congress -Malta 2017
Thank you, my dearest Anastasiia,for your tremendous and everlasting support!
17Financial Report – Young European Federalists aisbl – XXIV European Congress -Malta 2017
The vast majority of our imports come from outside the country.
18Financial Report – Young European Federalists aisbl – XXIV European Congress -Malta 2017
George W. Bush
Thank you for your attention!
19Financial Report – Young European Federalists aisbl – XXIV European Congress -Malta 2017