Audited accounts 2021
Statement of profit or loss and other comprehensive income For the year ended 31 December 2021 2021 2020 Note $ $ Revenue 4 6,189,717 5,403,019 Other income 5 475,595 1,346,871 Total revenue and other income 6,665,312 6,749,890 Cost of charitable activities (48,224) (16,514) Personnel expenses (5,103,629) (3,766,183) Depreciation expense (56,301) (64,116) Administration expenses (634,082) (545,799) Other expenses (208,740) (117,343) Total expenses (6,050,976) (4,509,955) Results from operating activities 614,336 2,239,935 Interest income 574 1,343 Interest expense (4,649) (3,448) Net finance costs 6 (4,075) (2,105) Surplus/ (deficit) for the year 610,261 2,237,830 Other comprehensive income for the year — Total comprehensive income for the year 610,261 2,237,830
The notes on pages 12 to 24 are an integral part of these financial statements.
Thank you Our sincere thanks to KPMG for conducting our Audit as a pro-bono partnership
Raise Foundation | 2021 Annual Report 30
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