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Financial Report Young European Federalists (JEF-Europe) aisbl XXIV European Congress Malta, 11 November 2017 Simon Devos, Treasurer

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Financial ReportYoung European Federalists (JEF-Europe) aisbl

XXIV European CongressMalta, 11 November 2017Simon Devos, Treasurer

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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

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Sections & Members

• 32 Sections• 5 Candidate Sections• 2014: 11 872 members• 2015: 11 974 members• 2016: 12 384 members

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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

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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

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Sections & Members

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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

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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

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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

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2016 Accounts

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• 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

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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

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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

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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!

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Cash Flow

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• 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

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Work relationships & recommendations

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• 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

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Q (&A)

Always happy to help!

[email protected]

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Thank you, my dearest Anastasiia,for your tremendous and everlasting support!

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The vast majority of our imports come from outside the country.

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George W. Bush

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Thank you for your attention!

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