• April 10, 2016

Akademos Financial Reports 2014-15

Akademos Society strongly believes in financial transparency, accountability, compliance and efficiency. These principles are integral part of our financial management.

In financial year (FY) 2014/15 the Society delivered a surplus – this means we were able to offer additional scholarships in the current year (2015/16). We have been able to do this thanks to an effective donation campaign that increased our one-off donations significantly. However, we are faced with a deficit in the current financial year, this is due to increased number of scholarships provided. The Akademos board continues to make important contribution which has improved financial sustainability of the organisation. The board’s contribution accounted for one-third of the overall revenues Society generated last fall.

*YTD: Partial financial figures (until February 2016). The Society uses Aug – July period as financial year for reporting purposes.

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