Brussel, 20 April 2022

Financial report 2021: 200,119 € spent on projects and activities

Due to an increased level of activity in 2021, ECSWE closes the financial year 2021 with a loss planned loss of 27,364 € that was covered by dedicated reserves.

Previous savings enable increased level of activity

The pre­vi­ous finan­cial year end­ed with an unex­pend­ed sur­plus of 35.682 € allow­ing Board and Man­ag­ing Direc­tor to draw up an ambi­tious bud­get for 2021. The planned loss of 35.960 € enabled an increased lev­el of activ­i­ty in the fields of advo­ca­cy and projects on per­son­alised assess­ment and media edu­ca­tion. It also helped fund mem­ber involve­ment in new­ly estab­lished the­mat­ic work­ing groups on top­ics such as cur­ricu­lum devel­op­ment, upper schools or ped­a­gog­i­cal research.

2021 ends with smaller losses than expected

The small­er loss of 27,364 at the end of 2021 can be explained by a high­er income gen­er­at­ed from mem­ber­ship fees and projects, where­as over­all spend­ing on staff costs, oper­a­tions and activ­i­ties remained below bud­get­ed spend­ing lev­els. This also allowed for a real­lo­ca­tion of already bud­get­ed resources to run­ning projects.

Budget vs. Profit and Loss Statement