Annex: Financial Report 2014

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