Page 7 - NYAA FY2024
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Docusign Envelope ID: F067D57E-6E60-4F26-8227-97F17DC4DBB9
NATIONAL YOUTH ACHIEVEMENT AWARD ASSOCIATION
STATEMENT OF COMPREHENSIVE INCOME
For the financial year ended 31 December 2024
Note 2024 2023
$ $
Income
Donations (Non-tax-deductible) 750,000 500,000
Donations (Tax-deductible) 557,905 290,097
Revenue 3 (a) 312,328 173,259
Other income 3 (b) 11,495 33,209
1,631,728 996,565
Expenses
Depreciation and amortisation (159,625) (178,411)
Employee compensation 4 (709,148) (612,485)
Project-related expenses (366,233) (159,801)
Interest expense – bank (16,409) (8,597)
Interest expense – lease (7,166) (14,758)
Other operating expenses (151,357) (160,470)
(1,409,938) (1,134,522)
Surplus/(Deficit) for the financial year 221,790 (137,957)
The accompanying notes form an integral part of these financial statements.
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