The Prisoners’ Aid Association of New South Wales Inc has released its Statement of Profit or Loss and Other Comprehensive Income for the year ended 30 June 2018. Here’s an overview comparing 2018 to 2017.
Revenue
- Total Revenue: Increased from $345,013 in 2017 to $404,736 in 2018.
Expenses
- Inmate Property Service (Corrective Services NSW): Rose from $131,177 to $166,235.
- Mates on the Move – Course and Business Expenses: Jumped significantly from $139,374 to $290,886.
- Participant and General Client Assistance: Increased from $10,325 to $13,770.
(Additional items, such as the Metropolitan Inmate Pre Release Property Service and Other Expenses, are not given explicit costs for 2017, but they contribute to overall expenditure.)
Bottom Line
- Surplus / (Deficit) Before Income Tax: Fell from a surplus of $64,137 in 2017 to a deficit of $66,155 in 2018.
- No Income Tax Expense: The total comprehensive result for each year remains consistent with the pre-tax figure.
The move to a deficit in 2018 can largely be attributed to rising expenses in key program areas, especially Mates on the Move. Despite these financial challenges, Prisoners’ Aid NSW remains committed to supporting individuals transitioning out of the justice system. Future strategies may include diversification of revenue sources and enhanced cost-management measures to regain a stronger financial position.
