The financial statements are a document that summarizes the economic, financial and patrimonial management of an entity.
The main purposes of the financial statements of a nonprofit concern:
the cognitive needs of stakeholders;
the guidance and direction of the activities of the social bodies;
the economic-financial analysis of management and the degree of consistency between the results achieved and the objectives assumed in the budget;
the transparency of the association’s action in order to obtain increasing legitimacy and social acceptability.
For all these reasons the Association art4sport ONLUS has decided to publish on the website its financial statements, accompanied by the explanatory notes, to give an explanation of the numbers of the budget and to indicate the projects on which it is working.