The Prisoners’ Aid Association of New South Wales Inc has published its Statement of Profit or Loss and Other Comprehensive Income for the year ended 30 June 2019. Despite recording a deficit for the year, the organization saw a notable improvement compared to 2018.
Revenue
- Total Revenue: Increased from $404,736 in 2018 to $442,024 in 2019, reflecting gradual growth in funding and service-based income.
Expenses
- Inmate Property Service (Corrective Services NSW): Rose from $166,235 to $179,007.
- Mates on the Move – Course and Business Expenses: Dropped from $290,886 to $257,145, aiding in cost reduction.
- Participant and General Client Assistance: Decreased from $13,770 to $6,667.
- Capacity Building and Fundraising Expenses: $52,553 in 2019 (this expense wasn’t listed in the 2018 breakdown).
Overall Result
- Surplus/(Deficit) Before Income Tax: The Association’s deficit narrowed from $66,155 in 2018 to $53,348 in 2019.
- No Income Tax: The total comprehensive income for the year matches the deficit figure.
By curbing certain costs and growing its revenue base, Prisoners’ Aid NSW made strides toward a healthier financial position. Looking ahead, the organization remains focused on sustaining these improvements while continuing to support individuals transitioning out of the justice system.
