Balance Sheet 2019-2020
ASSETS |
2020 |
2019 |
Current Assets |
||
| Accounts Receivable | €1,082,905 | €139,038 |
| Cash-in Bank and Deposit | €1,647,982 | €2,450,766 |
| Pre-paid Expenses | €19,479 | €17,059 |
| Total Current Assets | €2,750,366 | €2,606,863 |
Fixed Assets |
||
| Furniture, Fixtures & Fitting | €46,270 | €15,627 |
| IT equipment and software | €14,385 | €51,893 |
| Guarantees (rent and social security) | €50 | €50 |
| Total Fixed Assets | €60,704 | €67,570 |
TOTAL ASSETS |
€2,811,070 |
€2,674,434 |
LIABILITIES |
2020 |
2019 |
Current Liabilities |
||
|
Accounts Payable |
€142,369 |
€208,206 |
|
Deferred Income |
€1,563,377 |
€1,337,460 |
|
Income to be allocated to project partners |
€- |
€- |
|
Total Current Liabilities |
€1,705,747 |
€1,545,666 |
Reserves |
|
|
|
Funds brought forward |
€762,821 |
€565,815 |
|
Social Reserve |
€300,000 |
€300,000 |
|
Surplus or Deficit for the year |
€28,363 |
€196,991 |
|
Total Reserves |
€1,091,184 |
€1,062,806 |
| Provisions |
€14,139 |
€65,961 |
TOTAL LIABILITIES |
€2,811,070 |
€2,674,434 |