Creating an annual financial statement for a Danish association involves documenting the association's financial activities over the course of a fiscal year. An annual financial statement typically consists of an income statement, a balance sheet, a bank statement overview, and possibly an auditor's statement, depending on the association's size and local regulations.

Gather bank statements and financial receipts for the entire year. Categorize income and expenses, including membership fees, donations, and event revenues. Create an income statement by subtracting expenses from income to show a profit or loss.

Create a balance sheet that separates the association's assets and liabilities at the end of the fiscal year. Ensure that assets and liabilities balance. Create a detailed bank statement overview with dates and amounts.

If required according to the association’s bylaws or local regulations, obtain an auditor’s statement from an independent auditor. Write a brief annual report about the association's activities and financial situation.

Remember that Danish associations are generally exempt from VAT. Keep all documents secure, as they may be needed in case of an audit or inquiry from the authorities. Consult with an auditor or bookkeeper experienced in Danish association accounting to ensure compliance with the law.

If you don’t have a financial statement because you are a newly started association, don’t worry! In that case, you should upload a document stating that, since you are a newly established association, you do not yet have a financial statement.