Annual report Helpcode Italia - EN

As previously indicated in preceding paragraphs of the
current Mission Report, the management outcome, the results
of the Association’s activities, is a hybrid of cash basis
and accrual basis accounting. Following, some details will
be furnished for the most important items of the balance
sheet. It should be remembered that as regards fundraising
for projects (profits) and the use of funds utilized for institutional
activities (losses), ample discussion is given in the
Year-End Report.
PROFITS
Profits from Fund Raising
The five-per-one-thousand (5x1000, from taxes) for 2020
was given out in 2021 for a total of 61,692.00 Euros; the
sum is inferior to the preceding year in that following the
healthcare crisis, the Italian government gave out two yearly
installments together.
Profits from Accessory Activities
Balance as of 31/12/2021 € 9,643
Balance as of 31/12/2020 € 9,192
Variantions € 450
The line item in question is made up of profits coming from
e-commerce activities and other recreational products performed
by the Association.
CHARGES
Disbursements for projects in Italy
Balance as of 31/12/2021 € 237.902
Balance as of 31/12/2020 € 284.726
Variantions € (46.824)
These are the costs sustained over the course of the year
for the activity of raising awareness and giving information.
Direct Charges for Promotion and Communication
Balance as of 31/12/2021 € 126,322
Balance as of 31/12/2020 € 152,738
Variantions € (26,415)
The costs are as follows
Description 31/12/2021
Expenditures for sending materials for individual
fundraising
445
Expenditures Face to Face Switzerland 46,551
Travel and hotel 1,034
Postal and shipping costs 7,510
Salary Fundraising staff 70,783
Total 126,322
Expenses for Face to Face (F2F) Switzerland regard the
investment made during the fiscal year related to the
physical plant of the structure of fund raising in Switzerland,
reduced due to the healthcare emergency.
Charges from ancillary activities
Balance as of 31/12/2021 € 11,210
Balance as of 31/12/2020 € 26,466
Variantions € 15,256
The item examined here refers exclusively to the expenses
sustained for e-commerce.
Description 31/12/2021
Purchase of goods and materials 9,817
Promotion charges 0
Depreciation 0
Miscellaneous charges 1,394
Total ancillary charges 11,210
Expenses for general support
Balance as of 31/12/2021 € 658,090
Balance as of 31/12/2020 € 475,318
Variantions € 182,772
The item includes all general and overhead costs for the
Helpcode structure
In this reclassification of the management accounts, the
project margin, negative EUR 618,954.00, represents the
direct costs of projects abroad incurred by the Association
through its fundraising activities from individuals.
The result is made by the project margin plus the difference
between the fundraising proceeds and the expenses
incurred in Italy - including those for information
and education projects - plus extraordinary and financial
margins.
Financial Charges
Balance as of 31/12/2021 € 15,408
Balance as of 31/12/2020 € 10,579
Variantions € 4,829
The item refers to bank commissions charged by financial
institutions with which the association works.
Financial Revenues
Balance as of 31/12/2021 € 254
Balance as of 31/12/2020 € 554
Variantions € -300
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ANNUAL REPORT 2021