The Queen Sofia Foundation’s Annual Accounts for 2023 were voluntarily audited by an independent auditor (Deloitte), who stated on 4 June 2024 that it present, in every significant aspect, an accurate picture of the Foundation’s equity and financial situation as of 31 December 2023, as well as its results for the financial year ending on that date. The Foundation has voluntarily audited externally its accounts (expenses, income, assets, liabilities, equity and Memory) in the last seventeen years.
Below are the main points of the Annual Accounts audited and approved by the Board of Trustees of the Queen Sofia Foundation:
The Queen Sofia Foundation’s Equity reached the sum of 12 million Euros on 31 December 2023. The Foundation’s income derives from Donations and legacies (3,642,532 Euros), and its financial income & rentals (108,709 Euros).
The total cost of the Foundation’s charity activities in 2023 was 1,325,924 Euros. Of which 609,686 Euros were allocated to projects on research and awareness of Alzheimer’s and other neurodegenerative diseases, 540,056 Euros to social projects to help vulnerable groups, 111,818 Euros to environmental projects, and 64,364 Euros to educational projects and not attributed to the above activities (other activities, financial costs, audit, bank charges, Web page and other services).
To this, we should also add the 766,910 euros used to improve the equipment of the Centro Alzheimer Fundación Reina Sofía, incorporating the latest technologies that enable new lines of research in neurodegenerative diseases. Thus, the total resources used by the Foundation in 2023 amounted to 2,092,834 euros.
The President and the rest of the members of the Board of Trustees have not received any income in respect of salaries, allowances or remuneration from the Foundation or advances or loans, nor are there obligations on pensions and life assurance regarding membership former and current of the Board.
These projects were jointly developed with the following organizations: Federación Española de Bancos de Alimentos FESBAL, Fundación CIEN, Cruz Roja Española, Cáritas Española, Manos Unidas, Confederación Autismo España, Fundación Mapfre, Fundación Colores de Calcuta, Fundación Prójimo Próximo, Misiones Salesianas, Fundación Primafrio, Mundo en Armonía, Sra. Rushmore, Ecoembes, Fundación Palma Aquarium, Asociación Abrazo Animal, Cottolengos y Comunidad de Madrid.
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