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 2020. The organization achieved a noteworthy financial turnaround this year, moving from a $53,348 deficit in 2019 to a $58,602 surplus in 2020.
Revenue and Key Drivers
- Revenue: Increased from $442,024 in 2019 to $508,609 in 2020, reflecting broader program funding and service growth.
- Government Assistance (JobKeeper & Cashflow Boost): Added $52,821 in 2020; this support wasn’t present the previous year.
Expenses
- Inmate Property Service (Corrective Services NSW): Rose from $179,007 in 2019 to $195,958 in 2020.
- Mates on the Move: Slightly decreased to $249,067 (down from $257,145).
- Capacity Building & Fundraising: Increased to $55,553 from $52,553.
- Reduction in the Value of Investments: $2,250 for 2020; no such reduction was recorded in 2019.
Thanks to stronger revenue, newly available government assistance, and relatively stable core expenses, the Association ended the year in a healthy surplus. With this positive financial outcome, Prisoners’ Aid NSW continues to focus on supporting individuals transitioning out of the justice system, ensuring its programs remain both impactful and sustainable.
