Expenses
Budget
Actual
12 months ending 30 June 2023 (in €)
Staff & HR Costs
8’098’037
7’314’575
Events & Travel Costs
4’403’624
4’466’133
Member Services, Consultancy & Research
2’590’575
1’597’883
Other Items
—
89’451
Total Operating Expenses
15’092’237 13’468’041
Depreciation
58’508
25’974
Financial Expenses
38’835
3’216
Extraordinary items
-14’709
-46’952 3
ECA Donations
—
1’500’000 4
Total Expenses
15’174’871 14’950’280
3 This balance is mostly composed of foreign VAT recovered and withholding tax commission for the period.
4 The amount reported corresponds to the total €1.5m donations (€0.5m to UNHCR in respect of Türkiye/Syria and €1.0m to kick start the ECA Foundation) – cf note 2. Financial Report 2022/23
11
Financial Report 2021/22 and Budget 2022/23
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