Annual report Helpcode Italia - EN

The Headquarters Deposits encompasses the amounts
deposited in bank accounts and postal accounts by the Headquarters.
The Association in Italy has a relationship with 5
banking Institutes, with normal market conditions.
Deposits in PVS for Projects encompass bank deposits,
also in local currency, for the Offices delegated for development
of Helpcode Projects.
D. ACCRUALS AND DEFERRALS
Balance as of 31/12/2021 € 42,249
Balance as of 31/12/2020 € 7,409
Variantions € 34,840
These are the entries that link the fiscal year, with the goal
of respecting the criterion of accounting in the fiscal year.
They refer to management costs for the structure in Genoa.
LIABILITIES AND NET EQUITY
The Net Equity at December 31, 2021 thus turns out to be
as follows per line item:
Descriprion 31/12/2021 31/12/2020 Variations
I – Endowment fund 12,491 12,491 0
II – Reserved funds,
of which:
Reserved funds for
the Mission of the
Association (SAD
funds)
Reserved Funds
by Third Parties
III Operating
surplus
2,649,024 3,855,481 -1,206,457
358,862 358,862 0
2,290,162 3,496,619 -1,206,457
16,000 15,424 576
of the year 16,000 15,424 0
IV Other Reserves
and Results
of Previous Years
17,405 1,981 15,424
A. NET EQUITY
of previous years,
not yet allocated
17,405 1,981 0
The Association’s Net Equity is made up of:
1. Endowment Fund
2. Restricted Funds
3. Management Earnings
In particular:
1. The “Endowment Fund” is made up of deposits
from members of the Association deposited in
the moment of creating the Association. On the
basis of the regulations of the statute and regulations
contained in Art. 10 of Law 460 of 4 December
1997 that regulates non-profit organizations,
it is not distributable.
2. “Restricted funds” are restricted resources, restricted
both by the Association’s Mission and
thus constitute a commitment to finance the Association’s
characteristic and institutional activities,
represented specifically by SAD activities, as
well as by the Mission of projects with specific
goals and by investments of an organizational or
functional nature for the Association’s activities.
3. The line item “IV Other Reserves and Earnings
from Preceding Fiscal Years” underscores a variation
due to the fund of earnings from fiscal year
2020, equal to 15,424 Euros.
Total 2,694,920 3,855,377 -1,190,457
B. PROVISIONS FOR RISKS AND CHARGES
Balance as of 31/12/2021 € 349,210
Balance as of 31/12/2020 € 148,000
Variantions € 201,210
This line item represents provisions made for a fund for
risks to cover co-financing on approved projects, for future
years the provision for a fund for “PSEA” inquiries, the
provision for a Retirement Fund and similar obligations,
and a provision for a development fund.
C. SEVERANCE PACKAGES AND BENEFITS
Balance as of 31/12/2021 € 81,439
Balance as of 31/12/2020 € 74,926
Variantions € 6,514
The fund for severance packages and benefits is the one
that on December 31, 2020 shows a deduction used during
the year.
D. DEBTS
Balance as of 31/12/2021 € 249,353
Balance as of 31/12/2020 € 123,415
Variantions € 125,938
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ANNUAL REPORT 2021