Summary
- Current cash at bank position: € 1.275.265,04
- Cost incurred (cash burned): € 344k (2019) + € 827k (till Dec 2020) = € 1.171.000
- Projected runway: € 1.275.265 / € 80.000 = 16 months (current cash position / average expenses upcoming 12 months): 16 months from February 2021
Funding and membership dues
- Opening a US Dollar account is on hold until deemed necessary
- Josh Elkes gift transferred on February 4th: Donation minus KBFUS fees: $ 49.750,00 (€ 41.216,19)
- Waiting for Provincie Zuid-Holland to transfer their membership dues: € 12.486,00 (€ 2.486 start membership Oct - Dec 2020 and € 10.000 dues for 2021)
Financial annual report
Financial report (Jaarverslag + Jaarrekening) currently being developed by Deborah with support from accountants (Maarten Smulders from Get Monkeys and Rob Schouten). Ready by mid-March 2021.
Interim conclusion
- Operational expenses can be funded for the next 16 months
- There is a need to get inflow of cash through member contributions and philanthropic donations