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Financial report 2015

© William Daniels

Financial report 2015

Institutional reports
In 2015, the organisation pursued its growth through the development of its social programmes in France and abroad: the Syrian crisis, the emergency in Nepal, migration projects in France, etc. The year ended with a small €265k surplus, following two financial years of deficit in 2014 (-€2.9 million) and 2013 (-€0.4 million). This surplus includes €207k of expenses relating to innovative projects for the French Operations. If the General Assembly agrees to allocate these expenses to the mission statement approved last year, the surplus will go from +€265k to +€473k.

Several cyclical factors account for this result:
- The emergency situation in Nepal which generated €3 million worth of resources;
- A favourable exchange rate compared to the one forecasted in the budget construction;
- Non-budgeted life insurances.
Following the €2.9 million extraordinary deficit in 2014, decisions were taken to improve our financial management on two fronts: the management of legacies and other donations (e.g. life insurances) on
the one hand, and the management of donor contracts on the other.
Following these decisions, our Legacy department has been reorganised and our donor contracts (public and private) are being very carefully managed since they account for 50% of our budget. Our
financial risk unit was effective in sounding the alarm bell by notifying the people in charge of operations.