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Update financial sections with latest numbers #299

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Feb 5, 2025
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Update financial sections with latest numbers #299

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29 changes: 15 additions & 14 deletions annualreports/2025.md
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Expand Up @@ -81,16 +81,14 @@ In 2024, the FPA has organized two meetings where developers and community membe

### Financial report

#### tl;dr

The FPA is in an even stronger financial position than it was a year ago. As of 2024-12-31, we have over €200,000 in assets and only a small debt of €1,600 for quarterly VAT charges (which was retired in early January 2025). Donations were almost double 2023, while spending increased by almost 400%.
The FPA is in an even stronger financial position than it was a year ago. As of 2024-12-31, we have over €200,000 in assets and only a small debt of €2,000 for quarterly VAT charges (which was retired in early January 2025). Donations were almost double 2023, while spending increased by almost 400%.

As noted in last year's report, at the end of 2024 we wrote off as unrecoverable approximately €4,500 in donations held by BountySource due to the bankruptcy of its parent.

| | 2023 | 2024 | Delta |
| ----------- | -------:| -------:| ------:|
| Assets | 133,000 | 211,000 | 78,000 |
| Liabilities | 0 | 1,600 | 1,600 |
| Liabilities | 0 | 2,000 | 2,000 |
| | | | |
| Receipts | 106,000 | 186,000 | 80,000 |
| Spending | 26,000 | 99,000 | 73,000 |
Expand Down Expand Up @@ -204,19 +202,22 @@ Spending Forecast

| | 2024 Actual | 2025 Planned | Delta % |
| ----------------------------:| -----------:| ------------:| -------:|
| FPADF One Time Committed | 40,500 | 41,050 | 1.36% |
| FPADF One Time to be Awarded | 0 | 57,004 | 100.00% |
| ecosystem Support | 14,700 | 24,000 | 63.27%|
| blog/Website | 9,200 | 13,200 | 43.48% |
| Events | 16,500 | 10,500 | -36.36% |
| FPADF One Time Committed | 40,500 | 41,050 | 1.4% |
| FPADF One Time to be Awarded | 0 | 57,004 | 100.0% |
| ecosystem Support | 14,700 | 24,000 | 63.37%|
| blog/Website | 9,200 | 13,200 | 43.58% |
| Events | 16,500 | 10,500 | -36.46% |
| Remuneration | 4,600 | 5,000 | 8.70% |
| Financial Institution Fees | 8,900 | 10,000 | 12.36% |
| Contributions to reserves | 20,000 | 10,000 | -50.00% |
| Total | 114,400 | 170,754 | 49.26%
| Financial Institution Fees | 8,900 | 10,000 | 12.46% |
| Contributions to reserves | 20,000 | 10,000 | -50.0% |
| Total | 114,400 | 170,754 | 49.3%


Revenue Forecast

| | 2024 Actual | 2025 Planned | Delta % |
In 2024, we received some large donations that we do not expect to be repeated in 2025. In light of this, we are forecasting a modest increase on a base of our 2024 receipts less extraordinary items.


| | 2024 Adjusted | 2025 Planned | Delta % |
| ------------:| -----------:| ------------:| -------:|
| Donations In | 186,000 | 204,600 | 10.00% |
| Donations In | 145,000 | 160,000 | 9.1% |