Annual Statements
Process
At the end of the financial year, which runs from 1 January to 31 December, the foundation’s accounts will be closed and confirmed by the treasurer. From this, the financial reports will be drafted, including the profit and loss account, the year account, the balance and a state of income and expenses of the financial year.
The board will review, check and approve the reports by signature and discharge the treasurer. After approval, the annual report will be published on the foundation’s website.