Financial Report – Document 6 – 21st European Scout Conference


The current  triennium  just about  to end has been a period of major  impact on he  Regions  main  resource  income,  namely  the  Fund  for  European  Scouting  (FES).  This  is  because  the  income  from  the  fund  is  calculated  based  on  a formula  that  takes  an  average  value  (Net Asset Value- NAV) of  the  last  three  years. As a result, the average NAV of the fund reached its lowest value due in large part to the financial crisis impacting that it has had during the triennium.

Read more in Financial Report – Document 6 – 21st European Scout Conference (English, French)