Financial Statement 2006-2007
In the period from 01 November 06 to 30 April 07 we spent EUR 360,77 (mainly server expenses) and had earnings of EUR 160,95 (mainly through advertisement on our website). This results in a loss carried forward towards the new financial year of EUR 199,82.
The initial capital necessary to pay for the expenses (see above) was lent to BeVolunteer by its founding members. They will be reimbursed as soon as possible.
In order to prevent the need to borrow more money we keep our costs as low as possible (apart from that according to its statutes and rules BeVolunteer does not offer salaries for volunteers of any kind and generally does not reimburse travel costs). This guideline can only be changed if the majority of members present and represented at the General Assembly vote accordingly.
The financial strategy of the ongoing year is to increase the income through developing forms of incomes and to obtain the administrative requirements to receive tax deductible donations. Furthermore fund-raising (private donations from members and supporters) will be encouraged. At the same time expenses will be kept at a minimum to achieve a profit at the end of the financial year (April 2008), which can then be re-invested into the project.