Financial Report 2005

Fundacja im. Stefana Batorego




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Annual Report 2005

Annual Report 2005

Financial Report 2005

Income (in PLN)

Total 17 633 845,39
Open Society Institute, New York 10 224 463,94
Trust for Civil Society in Central and Eastern Europe, Washington 4 952 044,72
Robert Bosch Stiftung, Stuttgart 1 205 151,27
1% personal income tax donors 328 187,33
Ministry of Foreign Affairs, Warsaw 186 328,32
Charles Stewart Mott Foundation, Flint, Michigan 160 800,00
Friends of Batory Foundation, Washington 146 883,75
Ford Foundation, New York 136 542,00
Commercial Union Poland, Warsaw 104 984,83
Canadian International Development Agency – Official Development Assistance in Central Europe CIDA-ODACE, Bratislava 37 385,49
Individual donors from Poland 20 943,36
Royal Netherlands Embassy, Warsaw 20 000,00
Embassy of the United States of America, Warsaw 17 100,00
Institute of International Education, New York 13 839,15
European Free Trade Association EFTA, Brussels 4 447,15
Poradnik Domowymonthly, Warsaw 3 000,00
Herbert-Quandt-Stiftung, Bad Homburg 2 885,15
Institut für die Wissenschaften vom Menschen, Vienna 2 878,46
European Citizen Action Service, Brussels 2 101,17
Damage fines adjudged by the courts in favor of the Foundation as a public benefit organization 1 700,00
Finnish Institute of International Affairs, Helsinki 1 521,92
NATO Parliamentary Assembly 1 203,92
Warsaw University 1 000,00
Wrocław University, The Willy Brandt Center for German and European Studies 675,74
Leopold Kronenberg Foundation, Warsaw 537,32
Philip Morris Poland, Cracow 509,00
Academy of Entrepreneurship and Management, Warsaw 452,50
Bank Handlowy w Warszawie S.A., Warsaw 425,70
Association for International Affairs (AMO), Prague 334,43
Eastern Europe College, Wrocław 170,00
Avcon Company, Lubiana, Poland 50,00
Grants returned (including unused grant from PAUCI – 41 725,06) 55 298,77

Expenditure (in PLN)

Total (PLN) 19 742 986,65
Programs 16 521 962,94
Information and development 413 521,27
Administration 1 890 054,42
Amortization 917 448,02

Expenditure according to programs (in PLN)

Total 16 521 962,94
Domestic Programs
Civil Society Program 3 274 849,73
Third Sector Program 3 074 402,45
Equal Opportunities Program 1 138 324,14
Legal Education Program 657 039,60
Anti-Corruption Program 556 404,92
International Programs
International Cooperation Program 1 298 543,94
East-East Program 1 265 966,33
Citizens in Action Program 3 365 095,57
Twin Cities Program 907 302,16
Community Initiatives Partnership Program 427 742,66
Regional Drug and Alcohol Program 556 291,44

The exchange rate for the year 2005:
1 USD = 3,23481
1 EUR = 4,0254 PLN

Balance Sheet (in PLN)

ASSETS As of
31.12.2004 31.12.2005
1 2 3 4
A Fixed assets 68 218 611,01 63 573 206,98
I Intangible fixed assets 590,75 0,00
II Tangible fixed assets 28 652 370,26 27 622 616,98
III Long-term receivables 0,0 0,00
IV Long-term investments 39 565 650,00 35 950 590,00
B Current assets 51 893 150,49 66 853 879,25
II Short-term receivables 224 810,00 839 810,46
  - budget receivables 6 507,70 8 602,26
  - trade debtors 84 937,20 43 509,93
  - receivables from employees 4 700,81 3 313,69
  - other receivables 128 664,29 784 384,58
III Short-term investments 51 630 978,20 65 964 110,79
1 Short-term assets 40 729 923,93 49 508 388,17
  - equities 20 620 777,27 21 942 394,14
  - others 20 109 146,66 27 565 994,03
2 Cash and other monetary assets 10 901 054,27 16 455 722,62
  - cash in hand 5 618,81 13 747,15
  - current bank account (PLN) 918 235,81 1 051 372,66
  - adjunct bank account (PLN) 33 047,41 43 039,22
  - current foreign currency account 67 102,15 1 790 942,27
  - cash in stock brokerage office 333 556,94 3 448 418,10
  - other cash (bank deposits, investment funds) 8 060 519,00 7 261 300,00
  - other monetary assets 1 482 974,15 2 846 903,22
IV Short-term deferred charges 37 362,29 49 958,00
  BALANCE 120 111 761,50 130 427 086,23

 

 

LIABILITIES As of
31.12.2004 31.12.2005
5 6 7 8
A Enterprise fund 90 322 545,64 102 504 202,30
I Statutory fund including: 58 812 391,03 69 528 827,21
  - net assets 3 780 122,88 3 664 808,52
  - undistributed profit 54 927 510,40 65 748 282,16
  - start-up fund 104 757,75 115 736,53
II Fund of long-term investments 409 335,00 326 212,75
III Financial result 31 100 819,61 32 649 162,34
  - from previous years 2 506 166,24 20 280 047,85
  - from this year 28 594 653,37 12 369 114,49
B Liabilities and reserve fund 29 789 215,86 27 922 883,93
I Long-term liabilities 330 488,24 598 825,35
II Short-term liabilities 4 580 244,34 3 351 398,88
1 Liabilities 4 547 196,93 3 308 359,66
  - grant creditors 3 508 168,60 2 156 558,40
  - trade creditors 98 224,34 182 813,63
  - amounts owned to employees 222,47 106,80
  - uncollected salaries 15 074,00 8 758,96
  - amounts due to the state budget 129 292,02 144 123,14
  - social security contributions 51 680,78 76 071,79
  - others 744 534,72 739 926,94
2 Social fund 33 047,41 43 039,22
III Deferred income 24 878 483,28 23 972 659,70
  - long-term 23 944 216,13 23 072 216,11
  - short-term 934 267,15 900 443,59
  BALANCE 120 111 761,50 130 427 086,23

Profit and Loss Account (in PLN)

Item Description Amount
2004 2005
1 2 3 4
A Income for Foundation’s statutory activities 43 732 525,55 20 857 626,78
1 Income for public benefit activity 40 239 940,02 17 633 845,39
2 Other income defined by the Foundation’s statutes 3 492 585,53 3 223 781,39
B Costs of Foundation’s statutory activities 19 507 084,06 16 521 962,94
C Gross profit (loss) on statutory activities A-B 24 225 441,49 4 335 663,84
D Foundation office costs 3 473 625,02 3 221 023,71
1 Material and energy consumption 254 155,60 290 872,10
2 Outsourced services 1 071 760,51 936 324,51
3 Depreciation 926 190,98 917 448,02
4 Salaries and surcharges 740 451,68 817 978,54
5 Other costs 481 066,25 258 400,54
E Other income 70 988,38 15 845,63
F Other costs 2 433,66 2 450,93
G Financial income 11 496 565,75 12 093 462,92
H Financial costs 3 722 283,57 852 383,26
I Result C-D+E-F+G-H 28 594 653,37 12 369 114,49
J Extraordinary profit (loss) 0,00 0,00
1 Profit 0,00 0,00
2 Loss 0,00 0,00
K Corporate income tax 0,00 0,00
  Net profit (loss)
I (+/- J)-K		 28 594 653,37 12 369 114,49

Opinion of the independent auditor

We have audited the accompanying financial statements of Stefan Batory Foundation, seated in Warsaw, Sapieżyńska 10 A, consisting of the introduction to the financial statements, the balance sheet as at 31 December 2005 with total assets and total liabilities and equity of PLN 130 427 086,23; the profit and loss account for the year then ended with a net profit of PLN 12 369 114,49; and the supplementary information and explanations.

The management of the Foundation is responsible for the accuracy of the accounting records and the true and fair presentation of the financial statements prepared in accordance with the accounting standards as set out in the Polish Accounting Act dated 29 September 1994 (Official Journal from 2002, No. 76, item 694 with amendments) and the executive regulations promulgated thereunder. Our responsibility is to audit and express an opinion on the true and fair presentation of the financial statements and whether the financial statements are derived from properly maintained accounting records.

We conducted our audit in accordance with section 7 of the Polish Accounting Act dated 29 September 1994, the professional standards established by the Polish National Council of Certified Auditors and International Standards on Auditing as promulgated by the International Federation of Accountants. These standards require that we plan and perform the audit to obtain a reasonable basis for expressing an opinion that the financial statements contain no material irregularities. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management of the Foundation, as well as evaluating the overall financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.

In our opinion, the financial statements of the Stefan Batory Foundation present fairly, in all material aspects, the financial position of the Foundation as at 31 December 2005 and the results of its operations for the year then ended in accordance with the accounting standards as set out in the Polish Accounting Act dated 29 September 1994, and the executive regulations promulgated thereunder, and are in compliance with the respective laws and regulations, and the provisions of the Foundation’s statute that apply to the Foundation’s financial statements and have been prepared from properly maintained accounting records.

As required under the Polish Accounting Act dated 29 September 1994 we also report that the Report on the Foundation’s activities includes the information required by article 12 of the Act on Foundations dated 6 April 1984 (Official Journal from 1991, No. 46, item 203 with amendments) and the information is consistent with the financial statements.

/signed on the Polish original/
Certified Auditor No. 90060/74956
Wojciech Stopka, Member of the Board of Directors

/signed on the Polish original/
For KPMG Polska Audyt Sp. z o.o.
ul. Chłodna 51, 00-867 Warszawa
Certified Auditor No. 90060/74956
Wojciech Stopka
Member of the Board of Directors

Warsaw, 10 March 2006

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