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ECNL'S ANNUAL REPORT FOR THE YEAR 2007
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2007 has been an important milestone in ECNL's development in several ways.
ECNL has been awarded its first grant by the European Commission to implement
a project in the campaign of the European Initiative for Democracy and Human Rights (EIDHR)
promoting democratic process. Together with local partners ECNL is working on improving
the legislative and policy framework for freedom of association and civil society in Georgia,
Armenia, Azerbaijan and Moldova. ECNL has continued implementing its ongoing civil society
strengthening projects in Serbia and Macedonia and finished projects in Croatia, Bosnia and Romania.
In 2007, ECNL has further expanded its geographical scope and got engaged in project and
consultancy works in countries such as Mauritius, Cyprus, Lithuania and China. ECNL staff
also participated at international events beyond the sphere of CEE countries
(e.g.: Mongolia, Egypt).
Moreover, our participation in regional / EU level initiatives has also increased: ECNL
has been invited to participate in the Expert Council of the Council of Europe, which
monitors the implementation of the newly adopted COE Recommendations on the Legal
Status of NGOs; and was awarded an EU tender to prepare a study on public and
self-regulatory initiatives aiming at enhancing CSO transparency and accountability
in the 27 EU Member States (this is to be implemented in 2008). In addition, ECNL
convened partners from the CEE and NIS regions for a Summer School on Civil Society Law.
In 2007, ECNL continued to address its five strategic aims to ensure a supportive legal
infrastructure for civil society throughout the region and beyond: (1) Legal Framework
for CSOs; (2) Financial Sustainability for CSOs; (3) Public Participation; (4) Good
Governance; and (5) EU Enlargement. Through ECNL's work, including strategic contribution
and technical assistance, the following laws and policies were adopted in 2007:
Amendments to the Moldovan Law on Associations;
Macedonian Law on Volunteering;
Croatian Law on Volunteering;
Macedonian Government Strategy for Cooperation with the Civil Sector (2007-2011) and Action Plan for the Implementation of the Strategy;
Croatian Code of Good Practice in Public Financing of NGOs;
Macedonian Code on Good Funding.
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PUBLIC BENEFIT REPORT
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Public Benefit Report
Statement Of Operations As December 31, 2007
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Nr.
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Category
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Previous year USD
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Current year USD
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1
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A. Total Income from Public Benefit Activity
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512,859
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967,685
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2
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1. donations
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81,797
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236,327
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3
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a) from founder
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81,797
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30,127
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7
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2. from project tenders
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385,163
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600,661
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8
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3. from public benefit activity
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41,702
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121,006
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10
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5. other income
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4,196
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9,691
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11
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B. Income from Financial Activity
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2,625
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1,733
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12
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C. Total Income (A+B)
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515,484
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969,418
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13
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D. Expenditures of Public Benefit Activity
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511,413
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966,139
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14
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1. material expenses
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316,314
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712,612
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15
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2. personnel expenses
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160,745
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225,121
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16
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3. depreciation
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3,507
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4,788
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17
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4. other expenses
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19,252
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1,885
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18
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5. expenditures of financial transactions
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11,596
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21,733
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20
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E. Expenditures of Financial Activity
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2,818
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1,733
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21
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1. material expenses
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1,247
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1,733
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22
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2. personnel expenses
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1,571
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25
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5. expenditures of financial transactions
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27
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F. Expenditures of all Activities (D+E)
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514,231
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967,873
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28
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G. Results Before Taxation (B-E)
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193
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29
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H. Taxation Liability
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30
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I. Current Year Financial Activity Result (G-H)
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193
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31
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J. Current Year Public Benefit Result (A-D)
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1,446
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1,545
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PUBLIC BENEFIT REPORT
BALANCE SHEET AS DECEMBER 31, 2007
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Nr.
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Category
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Previous year USD
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Current year USD
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1
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A. Fixed Assets (2-5)
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3,476
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5,721
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2
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I. Intangible Assests
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245
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212
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3
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II. Tangible Assets
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3,230
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5,509
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4
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III. Long-Term Investments
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5
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IV. Long-Term Investments Value Correction
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8
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B. Current Assets (9-12)
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95,914
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158,830
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9
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I. Inventory
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10
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II. Accounts Receivable
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1,346
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2,400
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11
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III. Short-Term Investments
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12
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IV. Cash & Cash Equivalents
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94,567
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156,430
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13
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C. Prepaid Expenses
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992
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9,818
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14
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Total Assets (A+B+C)
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100,381
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174,370
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15
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D. Net Worth (16-23)
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31,865
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38,552
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16
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I. Start-Up Fund Balance
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15,656
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18,182
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19
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III. Reserves
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20
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IV. Valuation Reserves
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14,957
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18,824
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23
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VII. Current Year Public Benefit Result
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1,252
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1,545
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24
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E. Provisions
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25
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F. Liabilities (27-28)
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9,279
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13,685
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27
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I. Long-Term Liabilities
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28
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II. Short-Term Liabilities
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9,279
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13,685
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29
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G. Acrued Expenses
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59,237
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122,133
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30
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Total Net Worth and Liabilities (D+E+F+G)
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100,381
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174,370
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AUDITOR'S REPORT
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To the Founders of European Center for Not-for-Profit Law's /"ECNL Kht."/
regarding the company's Annual Report for 2007
I have audited the accompanying Simplified Annual Report's Balance Sheet
as of December 31, 2007 of ECNL Kht., where
the Total Assets and Liabilities are HUF 28.771k, Equities are HUF 6.361k
the Profit and Loss Statement where the profit of the year HUF 255k
/ from public benefit is HUF 255k, from activities 0k / and Supplementary Annex
The Annual Report is the responsibility of the Company's management.
The task of the auditor is to attest the Balance Sheet, Profit and Loss Statement
and Supplementary Annex on the basis of the audit.
I conducted the audit in accordance with International Standards on Auditing
and applicable law and regulations in Hungary. Those standards require that I
plan and perform the audit to obtain reasonable assurance about whether the
consolidated financial statements are free of material misstatements. 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,
as well as evaluating the overall financial statement presentation.
I believe that the audit I conducted provides a reasonable basis for issuing an
independent audit report and attestation clause.
The audit dispenses with the detailed analysis of certain items in the Annual
Balance Sheet and Profit and Loss Statement due to the following point
hereinafter:
After corrections made followed my interim and closing remarks, the audit
didn't raise any significant objections regarding the bookkeeping, financial
accounting and annual report.
The Supplementary Annex prepared as a part of the Annual Report contains
the components of the balance items in detail, which are well documented and
its consistency is in accordance with regulations.
The Profit and Loss Statement is conducted in accordance with legal regulations.
The Company's Annual Report for 2007 is based on reliable accounting; the
accuracy of the accounting for different economic activities can be stated.
On the basis of the audit I propose to the Founders to accept the Company's
Annual Report for 2007.
Clause
While conducted the audit I reviewed the yearly report of ECNL Kht., its items
and details supported by invoices and vouchers as specified by the standards of
the applicable Hungarian audit regulations. On the basis of this I have made sure
that all proof are satisfactory and sufficient to confirm that the yearly report
has been prepared in accordance with the Act and Principles of Accounting.
I state that the yearly report reflects the financial status –including proceeds a
and possessions- of ECNL Kht. Truly and reliably.
Budapest, May 23, 2008.
Jónásné Penner Ágnes
Registered auditor
Chamber registration no.001448
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Concerns Raised by HRW Related to the Shrinking Space for the CSO sector in Hungary
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