Add rest of MD financial report

publiccodenet · Sep 26, 2023 · 33988ee · 33988ee
1 parent 02060a9
commit 33988ee
Showing 1 changed file with 132 additions and 25 deletions.
diff --git a/organization/annual-reports/financial-report-2022.md b/organization/annual-reports/financial-report-2022.md
@@ -239,6 +239,7 @@ The Foundation for Public Code was founded by Ben Cerveny, Boris van Hoytema and
 
 #### 4.1 Balance sheet
 
+After appropriation of the result.
 ##### Balance sheet assets (in €)
 
   |  | 31-12-2022 |  | 31-12-2021
@@ -291,24 +292,24 @@ The Foundation for Public Code was founded by Ben Cerveny, Boris van Hoytema and
   |  | 2022 |  | 2021
 ---|---|---|---|---
  Operating result |  | 88,245 |  | -134,848
- Adjustments for operating result |  |  |  |  
+ **Adjustments for operating result** |  |  |  |  
  Depreciation | 2,019 |  | 2,019 |  
   |  | 2,019 |  | 2,019
   |  |  |  |  
- Movement in working capital |  |  |  |  
+ **Movement in working capital** |  |  |  |  
  Movement in accounts receivable | 12,486 |  | 0 |  
  Movement in other receivables | -3,792 |  | 54,253 |  
  Movement in accounts payable | 11,815 |  | -21,894 |  
  Movement in other liabilities | -10,569 |  | 437,336 |  
   |  | 9,940 |  | 469,694
  Interest income received |  | -1,815 |  | -3,854
  Interest paid |  | -587 |  | -1,169
- Cash flow from operating activities |  | 97,803 |  | 331,842
+ **Cash flow from operating activities** |  | 97,803 |  | 331,842
   |  |  |  |  
- Cash flow from financing activities |  |  |  |  
+ **Cash flow from financing activities** |  |  |  |  
  Other non-current liabilities | -431,500 |  | -863,000 |  
-  |  | -431,500 |  | -863,000
- Movement in cash at banks and in hand |  | -333,697 |  | -531,158
+  |  | **-431,500** |  | **-863,000**
+ Movement in cash at banks and in hand |  | **-333,697** |  | **-531,158**
 
 #### 4.3 Notes to the financial statements
 
@@ -381,7 +382,7 @@ Interest income and expenses are recognised on a pro rata basis, taking account
 
 #### 4.4 Notes to the balance sheet
 
-##### Tangible fixed assets
+##### Tangible fixed assets (in €)
 
   | Financial year |  | Previous year
 ---|---|---|---
@@ -392,7 +393,7 @@ Interest income and expenses are recognised on a pro rata basis, taking account
 
 Depreciation percentage: 10%
 
-##### Equity
+##### Equity  (in €)
 
   | Financial year |  | Previous year
 ---|---|---|---
@@ -401,7 +402,7 @@ Depreciation percentage: 10%
  Foundation capital | -422,500 |  | -508,343
   | **-422,500** |  | **-508,343**
 
-##### Non-current liabilities
+##### Non-current liabilities  (in €)
 
   | Financial year |  | Previous year
 ---|---|---|---
@@ -414,7 +415,7 @@ Repayment obligations within 12 months after the end of the financial year are n
 
 The Foundation for Public Code received a philanthropic gift from Arnout Schuijff in 2020 to be distributed over 4 years. The money in our bank account for distribution in the future is considered an accounting liability.
 
-##### Current liabilities
+##### Current liabilities (in €)
 
   | Financial year |  | Previous year
 ---|---|---|---
@@ -427,16 +428,16 @@ The Foundation for Public Code received a philanthropic gift from Arnout Schuijf
  Accrued liabilities | 750 |  | 0
   | **451,815** |  | **450,569**
 
-##### Wages processing expenses
+##### Wages processing expenses (in €)
 
-  | Financial year |  | Previous year 
+  | Financial year |  | Previous year
 ---|---|---|---
   | 2022 |  | 2021
  **Wages processing expenses** |  |  |  
  Net wages | 1,477 |  | 3,858
   | **1,477** |  | **3,858**
 
-##### Other liabilities
+##### Other liabilities (in €)
 
   | Financial year | Previous year |  
 ---|---|---|---
@@ -445,7 +446,7 @@ The Foundation for Public Code received a philanthropic gift from Arnout Schuijf
  Donation prepayment | 431,500 | 431,500 |  
   | **431,500** | **431,500** |  
 
-##### Accrued liabilities
+##### Accrued liabilities (in €)
 
   | Financial year |  | Previous year
 ---|---|---|---
@@ -456,28 +457,134 @@ The Foundation for Public Code received a philanthropic gift from Arnout Schuijf
 
 #### 4.5 Notes to the statement of income and expenses
 
+##### Income (in €)
 
+  | Financial year |  | Previous year |  
+---|---|---|---|---
+  | 2022 |  | 2021 |  
+ **Income** |  |  |  |  
+ Membership dues | 10,000 |  | 10,000 |  
+ US Gifts | 295,019 |  | 257,080 |  
+ (Fiscal based) gifts | 431,500 |  | 431,500 |  
+  | **736,519** |  | **698,580** |  
 
-The company uses the following annual depreciation percentages for tangible fixed assets - Other company equipment: 20%
+##### Project costs (in €)
 
-Accounts receivable all have a remaining term to maturity of less than one year, unless stated otherwise.
+  | Financial year |  | Previous year |  
+---|---|---|---|---
+  | 2022 |  | 2021 |  
+ **Project costs** |  |  |  |  
+ Project - Travel Expenses | 2,244 |  | 10,002 |  
+ Project - Marketing & Market Research | 3,058 |  | 38,585 |  
+ Project - Community related/IT expenses | 0 |  | 41,824 |  
+ Fundraising | 119,159 |  | 106,564 |  
+  | **124,461** |  | **196,974** |  
 
-The bank balance can be called up immediately. There are no encumbrances on the bank balance.
+The project and community management costs are expenditures directly attributable to achieving the goals of the Foundation for Public Code.
 
-Over the period of 1 January 2022 - 31 December 2022, the result of the income statement was deducted from the General Reserve.
+##### Total expenses (in €)
 
-**Off-balance sheet liability claims**
+  | Financial year |  | Previous year |  
+---|---|---|---|---
+  | 2022 |  | 2021 |  
+ **Total expenses** |  |  |  |  
+ Employee expenses | 321,682 |  | 608,080 |  
+ Depreciation | 2,019 |  | 2,019 |  
+ Other employee expenses | 157,435 |  | -24,897 |  
+ Venue expenses | 3,519 |  | 0 |  
+ Marketing expenses | 329 |  | 1,200 |  
+ Office expenses | 11,589 |  | 8,465 |  
+ General expenses | 27,239 |  | 41,586 |  
+  | **523,812** |  | **636,454** |  
 
-The Foundation for Public Code Vereniging has no material balance sheet rights.
+##### Employee expenses (in €)
 
-**Off-balance sheet operating lease commitments**
+  | Financial year |  | Previous year |  
+---|---|---|---|---
+  | 2022 |  | 2021 |  
+ **Employee expenses** |  |  |  |  
+ Wages and salaries | 274,223 |  | 507,358 |  
+ Social insurance premiums | 47,459 |  | 100,722 |  
+  | **321,682** |  | **608,080** |
 
-The Foundation for Public Code Vereniging has no operating lease commitments.
+During 2022, on average, 4.3 employees were employed on a full-time basis.
 
+##### Depreciation
 
+  | Financial year |  | Previous year |  
+---|---|---|---|---
+  | 2022 |  | 2021 |  
+ **Depreciation** |  |  |  |  
+ Depreciation of tangible fixed assets | 2,019 |  | 2,019 |  
+  | **2,019** |  | **2,019** |
 
-The project and community management costs are expenditures directly attributable to achieving the goals of the Foundation for Public Code.
+##### Other employee expenses
 
-The fundraising and membership development costs are expenditures directly attributable to achieving the goals of the Foundation for Public Code.
+  | Financial year |  | Previous year |  
+---|---|---|---|---
+  | 2022 |  | 2021 |  
+ Other employee expenses |  | 157,009 | 0 |  
+ Reimbursement travel expenses (maximum of € 0,19 per kilometre) |  | 4,129 | 874 |  
+ Recruitment expenses |  | -219 | 1,145 |  
+ Health and safety service |  | -2,940 | 10,261 |  
+ Sickness benefit insurance |  | 6,594 | 13,182 |  
+ Sickness benefits received |  | -8,555 | -51,162 |  
+ Other employee expenses |  | 1,418 | 803 |  
+  |  | **157,435** | **-24,897** |  
+
+##### Venue expenses
+
+  | Financial year |  | Previous year |  
+---|---|---|---|---
+  | 2022 |  | 2021 |  
+ **Venue expenses** |  |  |  |  
+ Meeting room hire | 3,519 |  | 0 |  
+  | **3,519** |  | **0** |  
+
+##### Marketing expenses
+
+  | Financial year |  | Previous year |  
+---|---|---|---|---
+  | 2022 |  | 2021 |  
+ **Marketing expenses** |  |  |  |  
+ Advertising expenses | 94 |  | 127 |  
+ Representation expenses | 235 |  | 0 |  
+ Travel expenses | 0 |  | 1,072 |  
+  | **329** |  | **1,200** |  
+
+##### Office expenses
+
+  | Financial year |  | Previous year |  
+---|---|---|---|---
+  | 2022 |  | 2021 |  
+ **Office expenses**` |  |  |  |  
+ Office equipment | 0 |  | 4 |  
+ Phone and internet expenses | 771 |  | 715 |  
+ IT expenses | 10,818 |  | 7,745 |  
+  | **11,589** |  | **8,465** |  
+
+##### General expenses
+
+  | Financial year |  | Previous year |  
+---|---|---|---|---
+  | 2022 |  | 2021 |  
+ **General expenses** |  |  |  |  
+ Accounting expenses | 6,509 |  | 11,343 |  
+ Other consultancy expenses | 20,127 |  | 24,702 |  
+ Insurances | 255 |  | 846 |  
+ Bank expenses | 280 |  | 298 |  
+ Payment differences | 53 |  | 0 |  
+ General expenses | 16 |  | 4,397 |  
+  | **27,239** |  | **41,586** |  
+
+##### Financial income and expenses
+
+  | Financial year |  | Previous year |  
+---|---|---|---|---
+  | 2022 |  | 2021 |  
+ **Financial income and expenses** |  |  |  |  
+ Interest and similar income | -1,815 |  | -3,854 |  
+ Other interest expenses | 587 |  | 1,169 |  
+  | **-2,402** |  | **-5,023** |  
 
-During 2021, on average, 4.3 employees were employed on a full-time basis.
+During the financial year, no interest was capitalized as part of the historical cost of an asset.