Transparency

Where the club's money comes from and what we spend it on, based on the bank statements.

July 7, 2022 – September 30, 2026

Clubul Montan Transilvania runs on donations from the people who join our hikes and on a few sponsorships. The hikes stay free and donating is optional. Below you can see, year by year, all the money that came into the club’s account and all the money that went out.

Money in73,140 lei
Money spent59,370 lei
Balance on September 30, 202613,735 lei+ 36 euro
Donations received1,06565 lei per donation on average

What we spent it on

  • Promoting the hikesFacebook and Google ads, VAT included31,692 lei 53%
  • European federation membership feeEuropean Hiking Federation (ERA), 2,088 euro10,572 lei 18%
  • Accounting and tax advice9,378 lei 16%
  • Equipment and materialsradios, hiking equipment, items with the club's logo6,534 lei 11%
  • Bank fees1,194 lei 2%

Where the money came from

  • Donations from participants69,680 lei 95%
  • Sponsorships3,250 lei 4%
  • 3.5% income tax redirection209 lei 0%

Year by year

Category2022partial2023202420252026partialTotal
Income
Donations from participants1,72514,74018,52521,34013,35069,680
Sponsorships–501003,050503,250
3.5% income tax redirection–––209–209
Total1,72514,79018,62524,59913,40073,140
Expenses
Promoting the hikes1,6748,07012,5067,0722,37031,692
European federation membership fee––3,3963,5043,67310,572
Accounting and tax advice––2,4004,4372,5419,378
Equipment and materials––3,5001,7241,3106,534
Bank fees141793653682681,194
Total1,6888,24922,16617,10510,16259,370
Difference+37+6,541-3,541+7,495+3,238+13,769

lei

How we calculated this

  • Source: the monthly statements of the club’s two Banca Transilvania accounts, in lei and in euro, from their opening in July 2022 to the latest statement available. Every statement was checked against the totals calculated by the bank.
  • No names: we publish totals only. The names of donors and sponsors do not appear on this page.
  • Not counted as income: the 150 lei paid in by the founding members as initial assets, and currency exchanges between the club’s own accounts. Donations sent twice by mistake and returned have been deducted.
  • The ERA membership fee is paid in euro. We converted it to lei at the rate at which the club bought the euro for the payment.
  • Promotion includes the VAT the club pays to the state for ads bought from companies outside Romania (Meta, Google).
  • 2022 and 2026 are partial years: 2022 starts in July, when the account was opened, and 2026 stops at the latest statement.