The International Correspondence Chess Federation 2014 Congress Sydney, Australia Table of Contents
Financial Report & Accounts to 31.12.2013
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Financial Report & Accounts to 31.12.2013George Pyrich – Finance Director ICCF President, Eric Ruch presented the financial reports prepared by the Finance Director, George Pyrich. There were no comments from Congress on this report and Congress participants expressed their wholehearted appreciation for all the excellent work George has done in the Financial Director position. 
ICCF Congress 2014 Sydney, Australia Report of the Finance Director Glenrothes, Scotland Sydney, Australia 27 July 2014 12 to 18 October 2014 Dear friends and delegates, Firstly, owing to health considerations, I should like to express my regret at being unable to join you at Congress this year. However, I should like to wish you all a constructive and rewarding Congress, the first ever held “down under”! 1. ICCF Financial Accounts 2013 Delegates are requested to note the audited Financial Accounts for 2013 contained within the document “ICCF Accounts 2013” distributed separately. Delegates are also requested to note the surplus for the year of 25,039.70 EUR resulting in an increase in the Capital Account to 313,173.71 EUR. Delegates are respectfully requested to approve these Accounts. Delegates are requested to note also that whilst the surplus recorded during 2013 is slightly higher than that recorded for 2012 (22,406.86 EUR), it is considerably higher than that anticipated in the Financial Plan for 2013, (10,120.20 EUR) Whilst Income received during 2013 rose by some 6% over the previous year, Expenditure over the same period rose by only some 4.1%. Further comparisons against the Financial Plan reveal an increase in anticipated Income of some 7,000 EUR (increased Entries) but a reduction of some 12,000 in anticipated Expenditure (Congress and Other Meetings, Marketing and Tournament Directors Expenses). Closer comparison between Income received during 2013 and the previous year confirms the variation in Income caused by the holding of several significant events during alternate years as mentioned my Report last year. Other notable features are the overall increase in the total number of entries received during 2013 from the previous year of some 10.7% (note that the Summary of these at Appendix B excludes Zone entries) and the very substantial and unexpected increase in the yield obtained from the investment portfolio. Similar comparisons against the previous year with regard to Expenditure confirm the substantial increases to Prizes approved at the 2012 Congress and to Depreciation Costs arising from increased Expenditure with regard to Webserver Development. Finally, during 2013 the Direct Entry scheme was expanded to permit players from Zones 1 and 3 to enter directly Individual Zone events for the first time. Direct Entry fees paid by players were then refunded to the Zones. 2. ICCF Tournament Fees Delegates will be aware of reductions of Tournament Fees of some 20% effective from 1 January 2014 as approved at last year’s Congress in Krakow. Whilst our Accumulated Funds continue to increase each year we can reasonably anticipate another similar such reduction to Fees at some point in the future. However, I consider that to implement such a measure at this time would be imprudent, request the Congress to await confirmation of entry numbers for 2014 and Income therefrom, and then reconsider the situation at the 2015 Congress. 3. Direct Entries & Rebates to Federations Delegates may also recollect the measure approved at the 2011 Congress in Finland whereby, effective from 1 January 2012, the proportion of Direct Entry fees received and then paid as Rebates to Member Federations was increased from 30% of Direct Entry fees to 50%. It is now clearly apparent that since this measure was implemented that the number of Direct Entries as a proportion of Total Entries has consistently increased as confirmed by the increase of some 15.9% to the amounts repaid as Rebates to Member Federations in 2013 over the previous year. Further confirmation of this situation is provided in the 2013 Financial Accounts where, arising from situation whereby some Member Federations now accumulate more in Rebates than that owing in respect of ICCF fees, for the first time Liabilities include an amount in respect of “Accounts Payable Member Federations”. More evidence of this trend is contained by a comparison of the daily average between the number of Direct Entries received during 2014 to date (7.55) and that for the whole of 2013 (4.98), an increase in excess of 50%. 4. “Free Entries” at Discretion of Zone Directors Several years ago the Congress approved a scheme whereby each of the 4 Zone Directors were granted discretion to submit up to 20 entries annually to ICCF events on behalf of players from their Zones “free of charge” in order to promote increased activity. According to my records, there has been a very limited response to this scheme with only 10 such entries during 2013 (Zone 1 (1), Zone 2 (7), Zone 3 (1) and Zone 4 (1). In view of this situation, Congress may now wish to reconsider its continuing support for this scheme. 5. ICCF Fees per Annual Statement of Accounts As a condition of ICCF membership, all Member Federations are obliged to arrange prompt payment of the membership fees and tournament charges imposed as per the Annual Statement of Accounts. I am pleased to report to Congress that, with 1 exception, all fees due for 2012 were paid timeously and that to date (23 July) only 5 Federations have yet make payment in respect of fees for 2013. Consequently, the ICCF General Secretary will not be required to impose any sanctions in terms of withdrawal of voting rights and tournament entry entitlements. George Pyrich ICCF Finance Director Directory: Congress Congress -> The international correspondence chess federation Congress -> DR. virginia burkett chief scientist for global change research u. S. Geological survey Congress -> Hon daniel webster Congress -> Presentation to the commerce, science and transportation committee united states senate Download 1.23 Mb. Share with your friends:
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