- Financial report.
Arunas Valiulis presented a financial review of both the UEMS account, and the separate EAP account. The bank accounts are both in a very healthy position. Formal review of the accounts occurs in the Spring meeting but the current position was set out.
Income for the UEMS account is mostly from national subscriptions and EACCME funds. The EAP income is more variable (relating to the EAPS conference) but overall around a third of our income is from national contributions and a third from the EAPS meeting.
The winter meeting had been much cheaper this year but we need to know how delegates would like to proceed – a questionnaire will follow.
The possibility of small educational grants was re-emphasised and encouraged.
Our tax liabilities may possibly change if our balance exceeds €500,000 and will need considering.