Financial Statements Summary

The expenses (€12,161) account for 91% of the actions and operating costs for 9%.
In the actions, education makes up 82% of the expenses and health 18%.
These percentages are higher in education compared to 2023. The operating costs amount to €1,111 and have decreased.
There remains €3,264 which we propose to carry over to the 2025 financial year.
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Our priority was to repay the exceptional loan (€5,000) used to finance school supplies for secondary students.
The expenses (€14,159) account for 94% of actions, and operating costs for 6%.
In the actions, education represents 72% of expenses and health 28%. These percentages are identical to those of 2022.
Operating costs amount to €1,175 and have increased. This is due to the purchase of a mobile phone to maintain the necessary equipment for work in Namakia and financial expenses in Paris.
There remains €1,050 that we propose to carry over to the 2024 fiscal year.

The projects (€6,441) represent 89% of the expenditures and operational costs account for 11%.
In these actions, education constitutes 73% of the expenses and health covers 27%.
Operational costs have significantly decreased: €815 in 2022 compared to €2,047 in 2021.
This is explained by the reduction in two significant financial lines: travel expenses to Namakia and financial fees in Paris.
There was only one trip to Majunga while there were two in 2021, along with a greater transportation of equipment. The financial fees from our bank in France were substantial.
A negotiation regarding financial transfers with the treasurer’s bank has allowed us to eliminate them. We are currently examining proposals from other banks.
There remains €3,463 that we propose to carry over to the 2023 fiscal year.