w e i v r e v O I ANNUAL ACCOUNTS 2023-2024 A BALANCE SHEET d n a l a t i g i D e t a r e l e c (EUR) 30/06/2024 30/06/2023 (EUR) 30/06/2024 30/06/2023 c A ASSETS LIABILITIES Fixed Assets 7,046 2,453 Equity 1,221,394 1,004,861 d I. Formation expenses I. Funds 100,689 100,689 e v r e II. Intangible fixed assets 1,356 1,991 IV. Restricted Funds 123,449 123,449 s r e III. Tangible fixed assets 5,690 462 V. A. Accumulated results (positive) 997,256 780,723 d n U Current assets 17,566,704 9,418,045 Amounts Payable 16,352,356 8,415,637 e h V. Long term - 920,823 VIII. Long term - 674,440 t r e VI. Inventories - 5,459 IX. Short term 10,757,316 4,298,097 w o p VII. Short term (Contribution Agreements, invoices, etc) 8,774,266 1,662,548 C/D. Accounts payable 1,934,791 1,240,874 m E VIII. Short term financial investments 2,599,950 2,577,135 E. Wages, taxes and Social Security 129,689 87,241 IX. Cash and Bank 6,192,488 3,960,334 F. Other 8,692,837 2,969,982 s X. Deferred charges and accrued income - 291,746 X. Accrued charges and deferred income 5,595,039 3,443,099 p i h Total Assets 17,573,750 9,420,498 Total Liabilities 17,573,750 9,420,498 s r e n t r a P e t a The Balance Sheet increased due to booking new multi-year contracts on public grants. Given the prudency of v i t accounting, the organisation has booked full contracts receivables and contracts payables for the entire l u C project’s duration. JA Europe’s portion of the budget has been fully moved on deferred revenue. Based on the accrual-based accounting principle, the organisation will accrue revenue for the period in which actual A expenses are incurred. J e n O n e t h g This past fiscal year has been a remarkable journey of growth and achievement for JA Europe. Despite facing n e significant market fluctuations, our dedicated team navigated these challenges with resilience and strategic r t foresight, culminating in growth in our financial performance. Our commitment to transparency, efficiency, S and innovation has not only strengthened our financial health but also reinforced our mission to empower young people with the skills they need for a successful future. It's been a privilege to witness the collective 4 effort that has brought us here, and I am confident that with the same dedication and spirit, we will continue 2 0 to achieve even greater heights. 2 E Kristina Velkovska, Chief Financial Officer of JA Europe - n e G s l a i c n a n i Fe p o r u E A J t u o b A 2023/2024 Annual Report - JA Europe 44