Page 32 - NYAA FY2024

Docusign Envelope ID: F067D57E-6E60-4F26-8227-97F17DC4DBB9

NATIONAL YOUTH ACHIEVEMENT AWARD ASSOCIATION

DETAILED INCOME & EXPENDITURE STATEMENT
For the financial year ended 31 December 2024

2024 2023
$ $
Income
Donations (Non-tax-deductible) 750,000 500,000
Donations (Tax-deductible) 557,905 290,097
Registration fees 143,795 135,201
Registration fees (Butterfly Award) 16,387 3,766
Projects Income 113,746 2,805
Interest income 7,567 8,464
Rental income 38,400 31,487
Miscellaneous income 3,928 24,745
1,631,728 996,565
Expenditure
Bank charges (210) (386)
Depreciation and amortisation (159,625) (178,411)
Entertainment (2,335) (3,057)
Function expenses (1,069) (917)
Interest expense - bank (16,409) (8,597)
Interest expense - lease (7,166) (14,758)
Medical (1,072) (431)
Miscellaneous (7,063) (10,346)
Office maintenance fees (53,391) (51,832)
Photography (1,133) (509)
Postage (2,965) (1,343)
Printing and promotion (27,968) (20,709)
Project-related expenses (366,233) (159,801)
Property tax (5,330) (2,940)
Salaries and related costs (709,148) (612,485)
Stationery (2,582) (5,150)
Telephone (11,288) (11,886)
Transport reimbursements (75) (188)
Training Workshop (1,507) (45)
Mobile application (33,369) (50,731)
(1,409,938) (1,134,522)

Surplus / (Deficit) for the financial year 221,790 (137,957)

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