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Profit and Loss Account – Tulisa Foundation
| 2016 | |
| Donations received | €29,290.00 |
| Financial income | €368.69 |
| Total income | €29,658.69 |
| Project / patient costs | €45,449.18 |
| Administrative costs | €1,284.90 |
| Total costs | €46,734.08 |
| Profit | -€17,075.39 |
| Surplus carried forward from previous years | €29,056.55 |
| Balance at year-end | €11,981.16 |
| For information: Donations from members of the Executive Board | |
| (included in the total donations above)* | €24,900.00 |
Notes
* The ‘Projects / Patients’ costs’ category only includes costs directly incurred for the treatment of patients. All administrative costs incurred by the Foundation are listed in full under ‘Administrative costs’. We endeavour to keep these as low as possible. At the same time, we have resolved to finance these administrative costs out of our own pockets for as long as we are able to do so, so that 100 per cent of all donors’ contributions can be allocated to their intended purpose. We have therefore included the amount of donations made by board members here for information purposes. So far, we have succeeded in meeting this objective. We are confident that we will continue to do so in the years to come.