Financial Statement 2013 and Auditor's revision

FINANCAL STATEMENT 2013

Kidlink Association
Established 2013/12/30

1. 2013 Balance

The exchange rate 31/12 2013 is 1 USD = 6.29 SEK (www.forex.se).

Year 2013 started with a total balance of 3206 USD (20168 SEK as 1 SEK = 6.29 USD 31/12 2012) with 14189 SEK in the Paypal account and 5979 SEK on the banc Skandinaviska Enskilda Banken (SEB) account. Both accounts are owned by Kidlink Association. The treasurer access to the Paypal account and the chairman accesses the SEB banc account and forward banc reports to the treasurer.

On Dec 31st 2013 the total balance ended with 3048 USD (19172 SEK as 1 SEK = 6.29 USD 31/12 2013) with 15787 SEK in the Paypal and 3385 SEK on the banc Skandinaviska Enskilda Banken (SEB) account.

The 2013 global balance shows financial operations (expenses, incomes and internal transfers) for - 995 SEK (figure 1).

1329 SEK were spent in bank costs (Paypal and SEB fees and currency change losses). 3704 SEK were spent for webhost (www.linode.com).
We did not have to pay taxes to the Swedish Tax authorities.

2013 KA membership

In 2013, 25 people were registered as regular KA members. Members having paid their dues for 2013 are: 

Joyce Fisher, Pia Avolio de Martino, David Donat, Stellan Kinberg, Odd de Presno, Terry Smith, Dan Wheeler, Andrea Francesco Simonetti, Laurie Williams, Esperanza Sepulveda, Eyglo Bjornsdottir, Hanne Wolff, Beverlyn Ferris, Bonnie Thurber, Larisa Tarasevic, Theresa Allen, Anne-Tove Westfossen, Graziella Seveso, Domenico Filippini, Liboria Pantaleo, Govinda, Narayan Devkota, Narayan Devkota's wife, Narayan Devkota's Brother, Narayan Devkota's Sister-in-law.
 
2. 2014 Planned balance. 

In economic terms, the balance on Dec 31st 2013 is sufficient for Kidlink to run the server in 2014.

The planned balance is assuming a few more members in 2014. The 2014 Linode bill is paid monthly and bank costs set at a « high » level. This plan shows a positive balance at the end of 2014.

Bonnie Thurber
KA Board member and treasurer

 

ACCOUNTING IMAGES OF BALANCE AND RESULTS 

Fig 1

Fig 2

 

AUDITOR'S REVIEW


Balance 31/12 2013

 

KIDLINK ASSOCIATION

Bonegardet 19,
41504 Göteborg, Sweden

 

  1. I have reviewed the accounting sheet, Financial Statement and cash flow documentation of the KIDLINK ASSOCIATION as of December 31, 2013. The Financial Statement is the responsibility of  the administrative body of KIDLINK ASSOCIATION. My responsibility is to issue a report on the Financial Statement based on my review.
     

  2. The review was conducted according to established principles for the audit. Pursuant to these principles, the review was planned and carried out in order to acquire all information necessary to verify with high but not absolute certainty, whether the financial statement is affected by significant errors, and if it appears as a whole, reliable. The review process includes the examination of evidence to support the balances and disclosures in the Financial statement, and evaluate the adequacy and accuracy of accounting policies used. I believe that the work provides a reasonable basis for the expression of my professional opinion.
     

  3. The accounting sheet and Financial Statement, after some minor changes recommended by me and made on January 2014, are now clearly written and represent a true and fair view of the financial position of the KIDLINK ASSOCIATION for the year ended December 31, 2013.
     

  4. Accounting is done for two bank accounts, one for Paypal in USD and one for an account in Swedish SEK. I have personally visited Paypal and SEB to review the account data and compared these with the data in the association account book. All movements are correctly documented in the account book.
     

  5. The balance sheet shows a positive operating result of SEK 234.75 and USD 2472.66 (The Paypal Account) and SEK 3385.25 (The Swedish Banc SEB Account). Calculated on the exchange of 1 $ = 6.2898 SEK  December 31, 2013, the total assets were SEK 19172.54. The total net income for 2013 shows however negative numbers, with SEK 995.42.

 

I therefore recommend the KIDLINK ASSOCIATION members to grant discharge for the KIDLINK ASSOCIATION BOARD 2013 from any responsibility for the 2013 accountability.

 

 

 

(Signature)

Auditor

Dott. Anna De Pasquale

Phone number: +39-3485647298

depasquale2012@gmail.com