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A STRONG PATIENTS’ VOICE TO DRIVE BETTER HEALTH IN EUROPE Annual General Meeting May 2010, Brussels Accounts 2009 +Budget 2010 Annual General Meeting May.

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Presentation on theme: "A STRONG PATIENTS’ VOICE TO DRIVE BETTER HEALTH IN EUROPE Annual General Meeting May 2010, Brussels Accounts 2009 +Budget 2010 Annual General Meeting May."— Presentation transcript:

1 A STRONG PATIENTS’ VOICE TO DRIVE BETTER HEALTH IN EUROPE Annual General Meeting May 2010, Brussels Accounts Budget 2010 Annual General Meeting May 2010, Brussels Accounts Budget 2010

2 o a good financial year for EPF o Strong cash position at the end of the year o Reserves policy on track (6 Months) Key Points

3 o Commitment to transparency o Continued commitment to diversity of funding o New sponsors o Foundation o Commission Funded Projects Key Points

4 Income 2008 versus 2009 (EUR) Membership fees Core Grant Events Projects Interest - Other Income Total income

5 Expenditure 2008 versus 2009 (EUR) Staff and fees Office costs Travel Events Projects Communications Bank fees Total Secretariat income ,811

6 Surplus 2008 versus 2009 (EUR) Surplus for year

7 Reserves (EUR) (EUR) RESERVES

8 EPF income, mgt accounts (EUR ‘000)

9 EPF Expenditure Allocation (mgt accounts) EUR ‘000

10 Our auditing standards require that we plan and perform our audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. In our opinion, the financial statements for the year ended 31 December 2009 give a fair view of the organisation’ assets, liabilities, financial position and results of operations. Auditor’s Report

11 Budget 2010 (EUR ‘000)

12 o Prudent budget o Income secured for 2010 (Commission and Sponsors) o Cash-flow as forecast o Mid –Year Financial Review by Board Budget Key Points

13 o Financial strategy includes: o Project funding in line with policy priorities (FP7/public health) o Invitations to Tender o Foundations o Continued diversification - Non pharma 2011 and beyond

14 More Information?

15 A STRONG PATIENTS’ VOICE TO DRIVE BETTER HEALTH IN EUROPE


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