joseph partners - iceers.org · general explanation ... with dutch law, ... loss 2011 € 1,458 to...

ICEERS FoundationNieuwe Zandstraat 44661 AP Halsteren

2 013

Yearreport 2013

JOSEPHPARTNERS

............

ICEERS FoundationHalsteren

CONTENTS

REPORT

1 - Compilation report2 - General3 - Result4 - Tax position

APPENDICES

ANNUAL ACCOUNTS

page

1233

1

23.13.23.3

Balance sheet as at 31 December 2013Statement of income and expenditure for 2013General explanationExplanation of the balance sheetNotes on the statement of income and expenditure

4679

10

OTHER INFORMATION

4 Compilation report 11

ADDITIONAL INFORMATION AND SPECIFICATIONS

56

Specification of items on the balance sheetSpecification of items on the statement of income andexpenditure

12

14

To the Board of the ICEERS FoundationNieuwe Zandstraat 44661 AP Halsteren

Roosendaal, May 23rd 2014

Dear Board Members,

We hereby enclose the 2013 report concerning your organisation.

1 COMPILATION REPORT

In accordance with your instructions we have compiled the financialstatements 2013 of ICEERS Foundation, Halsteren, which comprise thebalance sheet as at December 31th 2013, the statement of income andexpenditure for the year then ended and the notes.

The distinctive feature of a compilation engagement is that we compilefinancial information based on information provided by management of theentity. Management is responsible for the accuracy and completeness of theinformation provided and the financial statements based thereon.

Our responsibility as accountant is to perform our engagement in accordancewith Dutch law, including the professional and ethical requirements applyingto accountants.

In accordance with the professional standard applicable to compilationengagements, our procedures were limited primarily to gathering, processing,classifying and summarizing financial information. Furthermore we haveevaluated the appropriateness of the accounting policies which are used tocompile the financial statements, based on the information provided bymanagement. The nature of our procedures do not enable us to express anyassurance on the true and fair view of the financial statements.

Based on the information provided to us, we have compiled the financialstatements using the accounting policies as included in Part 9 of Book 2of the Dutch Civil Code.

Jan Vermeerlaan 174703 KB Roosendaal

Tel: 0165 - 534862Fax 0165 - 534014

op al onze aanbiedingen en dienslen ,iln van loepassing de algemene voorwaarden, op 30 maart 2010 onder nummer 20065300, gedeponeerd bij de Kamer van Koophandel Ie Breda.Een exemplaar wordl u, desgevraagd, loegezonden.

Lid van: i


2 GENERAL

The ICEERS Foundation was founded on 20 May 2009.

page 2

The ICEERS Foundation is an independent organisation whose aim is tofoster and disseminate knowledge about ethno-botany and its practicalapplication in the interests of the intellectual, practical andspiritual progress of society, as well as to promote, study andimplement public health policy and laws, in the field of socialdevelopment, mental health, drugs and drug addiction, based onscientific evidence and human rights.They endeavour to achieve this general aim by:• contributing to and supporting the survival of indigenous peoples

and rain forest populaces, the promulgation of their cultures and aspeedy end to the gradual destruction of their habitats,particularly the rain forests, throughout the world;

• funding and commissioning research projects related to this aim inthe broadest sense, as well as publishing (and takingresponsibility for the publication and distribution of) reportsshowing the research findings;

• establishing and/or supporting infrastructure for clinicalinstruction or demonstrations, either alone or with existing clinicsor institutes, to teach clinical theories and practice and topromote professional practice, while simultaneously treatingpatients and serving the wider public;

• establishing and supporting information and education centres,alone or in partnership with existing organisations, includingresidential, to offer workshops or other experience geared towardspeople who seek personal or professional growth and enrichment;

• facilitating, caring for, promoting, supporting and cooperating onschooling and training projects, as well as supervising the workof apprentices;

• Organising meetings, lectures, conferences, seminars andsymposiums, as well as organising workshops and courses (both onthe spot and remotely);

• developing, publishing, funding, promoting, distributing andshowing documentaries in the field of ethnobotany;

• developing, publishing, funding, promoting, distributing and makingavailable information and materials in any way relevant, includingbut not limited to activities geared towards explaining orpromoting the aims of the foundation;

• acting as an umbrella organisation for government agencies andvarious other authorities, with a view towards improving drugslegislation and regulation;

• developing and implementing eductional, prevention, risk reduction,harm reduction, treatment or other programs related to ethnobotany,social development, mental health, drugs and drug addiction;

• soliciting funds to enable the foundation to realise itsobjectives.

The foundation is a not-for-profit organisation (see Art. 2, subsection lb,of the by-laws) .


3 RESULT

The fiscal year 2013 was closed with a positive result of € 13,487.The profit in 2012 amounted to € 5,182.

4 TAX POSITION

The calculation of the 2013 taxable amount is as follows:

€

Result 2013 before company taxMinus: Costs not deductible in relation to

Charity organisations(PBI-Public Benefit Institution)

Taxable amount 2013

No company tax is owed on this for 2013.

13,487

31,737

(18,250)

The total compensatory loss at the end of 2013 amounts to € 36,407.As a result of the carry forward limitation to nine years, the losscompensation is as follows:

Loss 2009 € 1,026 to be set off against the results to andincluding fiscal year 2018

Loss 2010 € 164 to be set off against the results to andincluding fiscal year 2019




We are pleased to give any further explanations.

Sincerely,Joseph & Partners

~~sePhAA


ANNUAL A C C 0 U N T S

Appendix 1with the report dated May 23rd 2014ICEERS Foundation, Halsteren

BALANCE SHEET AS AT 31 December 2013 (after profit appropriation)=================================================================

............page 4

ASSETS

FIXED ASSETS

Intangible assets (IV)

CURRENT ASSETS

StockReceivables and accrued incomeLiquid assets

TOTAL

31-12-2013

€

4,410

4,410

2,15418,95322,873

43,980

48,390

31-12-2012

€

6,957

6,957

5,48115,2293,061

23,771

30,728

Compilation report issued May 23rd 2014


LIABILITIES 31-12-2013 31-12-2012=========== ---------- ----------

€ €

PROPRIETOR'S CAPITAL

Capital (V) 24,913 11,426

............page 5

SHORT TERM LIABILITIES

TOTAL

23,477

48,390


19,302

30,728


STATEMENT OF INCOME AND EXPENDITURE FOR 2013============================================

2013

€

GROSS MARGIN (VI)

€

58,876

€

2012

............page 6

€

38,799

Depreciation of intangible assetsSales costsGeneral expenses

OPERATING COSTS

OPERATING RESULT

Interest receivable and similarincome

Interest payable and similarcharges

FINANCIAL RESULT

Profits from ordinary operationsbefore tax

2,54717,24325,599

45,389

13,487

13,487

2,54725,2075,859

4

33,613

5,186

(4)

5,182


Appendix 3.1with the report dated May 23rd 2014ICEERS Foundation, Halsteren

I.GENERAL EXPLANATION===================

II.ACCOUNTING PRINCIPLES=====================

INTANGIBLE ASSETS

............page 7

The items included below are valued at the acquisition price decreased by thedepreciation to be calculated on them based on their expected life.

STOCK

Stock is valued at the historical exit price, if necessary taking into accounttheir non-marketability.

OTHER ASSETS AND LIABILITIES

All other items on the balance sheet are valued at the nominal value.



GENERAL EXPLANATION

III.DETERMINATION OF PROFIT

page 8

The income and expenditures are allocated to the financial year to which theyrelate. Profits are accountable insofar as they have been realized on the balancesheet date.

The expenditures are determined with due observance of the principles of profitdetermination mentioned above.

Losses and risks will be taken into account in the year in which they areforeseeable.

The taxes are calculated on the basis of the results accounted for, taking intoaccount the items with tax exemption and full or partial non-allowableexpenditures.

NUMBER OF EMPLOYEES

There were no employees during the year under review.



EXPLANATION OF THE BALANCE SHEET================================

ASSETS

IV.INTANGIBLE ASSETS

The development of the intangible assets over the financialyear 2013 is as follows:

Book value as per 1 January 2013Minus: Depreciations 2013

Book value as per 31 December 2013

€

6,9572,547

4,410

............

page 9

The sum total of the depreciations at the year end of 2013 amounts to € 8,319.The yearly rate of depreciation is 20% of the purchase price.

LIABILITIES

PROPRIETOR'S CAPITAL

V.CAPITAL

Situation as at 1 JanuaryPlus: From profit appropriation

Situation as at 31 December

€

11,42613,487

24,913



NOTES ON THE STATEMENT OF INCOME AND EXPENDITURE================================================

VI. INCOME

............page 10

The income of this year has been increased 59,8% in comparison with theprevious financial year.



o THE R I N FOR MAT ION


OTHER INFORMATION=================

COMPILATION REPORT==================

JOSEPHPARTNERS

............

page 11

The true and fair view of the annual financial statements has not beeninvestigated. In consequence no auditor's report has been issued as includedin Part 9, article 392, paragraph 1a of Book 2 of the Dutch Civil Code



ADDITIONAL INFORMATION

AND

SPECIFICATIONS

............


SPECIFICATION OF ITEMS ON THE BALANCE SHEET===========================================

............page 12

ASSETS

FIXED ASSETS

INTANGIBLE ASSETS

Website

CURRENT ASSETS

STOCK

DVD's, Posters etc.

RECEIVABLES AND ACCRUED INCOME

DebtorsCurrent account B. de LoenenDutch value added taxPrepaid projectcosts DVD'sPrepaid costs

LIQUID ASSETS

Cash in handTriodos Bank, internet accountPayPal, current account

31-12-2013

€

4,410

2,154

468460381

17,329315

18,953

4222,680

151

22,873

31-12-2012

€

6,957

5,481

15,229

15,229

2,910151

3,061



SPECIFICATION OF ITEMS ON THE BALANCE SHEET===========================================

page 13

LIABILITIES

CAPITAL

Situation as at 1 January

Plus: from profit appropriation

Situation as at 31 December

SHORT TERM LIABILITIES

CreditorsDutch value added taxUnpaid expenses

31-12-2013

€

11,426

13,487

24,913

22,158

1,319

23,477

31-12-2012

€

6,244

5,182

11,426

17,96761

1,274

19,302



SPECIFICATION OF ITEMS ON THE STATEMENT OF INCOME AND EXPENDITURE=================================================================

2013 2012

€ €

INCOME

DONATIONS

Donations 58,098 38,836------- -------58,098 38,836

======= =======

PRODUCTS

NET TURNOVER

............page 14

Products, taxable output 19%/21% V.A.T.Products, taxable output 6% V.A.T.Products, sale in the EUProducts, sale outside EUCalculated costsCash discounts etc.

COST OF SALES

Purchase products in the EUPurchase conference in the EUPurchase products outside EUMiscellaneous expenditures in the EU

Plus: Moving stock account

320147

3,2303,002181(38)

6,842

766471

1,500

2,7373,327

6,064

484

1,326

(1)

1,809

401

1,12623

1,550296

1,846




page 15

GROSS MARGIN PRODUCTS

2013

€

778

2012

€

(37)

Total income 64,940 40,645Total cost of sales 6,064 1,846

------- -------TOTAL GROSS MARGIN 58,876 38,799

======= =======

OPERATING COSTS

DEPRECIATION OF INTANGIBLEASSETS

Website

SALES COSTS

AdvertisingInternetBookletsSponsoringTravelcostsRepresentationFaircosts

2,547

4,17516

2,100

17,243


2,547

22,367154

7

2,6727

25,207



page 16

2013

€

OPERATING COSTS (CONTINUED)

GENERAL EXPENSES

PrintingGSM telephone costsContributions and subscriptionsBank chargesCollection feesPostageAccountancy feeConsultancy feesNotary costsTranslation costsComputer costsTranslation costsInsuranceTax penaltyOthers

TOTAL OPERATING COSTS

2012

€


Appendix 6with the report dated May 23rd 2014ICEERS Foundationl Halsteren

SPECIFICATION OF ITEMS ON THE STATEMENT OF INCOME AND EXPENDITURE

page 17

2013

€

INTEREST PAYABLE AND SIMILAR CHARGES

Interest on tax

Signed by order of the board for approval

Halsterenl May 23rd 2014

M.B. Verhaeren-Honselaar

2012

€

4

4


joseph partners - iceers.org · general explanation ... with dutch law, ... loss 2011 € 1,458 to...

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