Page 31 - GDG Annual Report 2021

Global Development Group 31 Annual Report 2021

Income Statement
For The Year Ended 30 June 2021

REVENUE 2021 2020

Donations and gifts
• Monetary 28,040,946 26,922,392
Total Donations and gifts 28,040,946 26,922,392
Investment income 6,614 9,881
Other income 2,130,460 1,860,311

TOTAL REVENUE 30,178,020 28,792,584

EXPENDITURE 2021 2020

International Aid and Development Programs Expenditure
International programs
• Funds to international programs 26,697,876 26,448,951
Total to international programs 26,697,876 26,448,951
• Program support costs 405,758 407,025
Total Programs Expenditure 27,103,634 26,855,976
• Community education 80,245 80,808
• Fundraising costs
- Public 162,401 217,427
• Accountability and administration 926,163 999,614

Total International Aid and Development Programs Expenditure 28,272,443 28,153,825
TOTAL EXPENDITURE 28,272,443 28,153,825

EXCESS / (SHORTFALL) OF REVENUE OVER EXPENDITURE 1,905,577 638,759

Betty’s Bakery student bakers (8 young women and 4 young men) in the matching
caps, aprons and masks made for them by our six student tailors from project J893N
Pygmy Child Care in Goma, Congo. In addition to the children’s program providing care
and education to 140 Pygmy children, the project also runs skills training for youth
aged 12-18 years in tailoring, baking and money management.