Raise Foundation | Annual Report 2024
36
Audited accounts 2024 Statement of profit or loss For the year ended 31 December 2024 2024
2023
$
$
Revenue and other income
8,620,008
8,464,060
Finance income Total Income
52,824
31,136
8,672,832
8,495,196
Employee expenses Marketing expenses
(6,462,884) (225,871) (380,668) (775,405) (7,844,828)
(7,048,734) (172,753) (389,782) (762,257) (8,373,526)
IT expenses
Finance, Depreciation and Other expenses
Together 4 Youth costs Together 4 Youth donation
(427,325) (647,524)
(624,508)
-
Total Expenses
(8,919,677) (246,845)
(8,998,034) (502,838)
Surplus/(deficit) for the year
The directors note that the deficit was primarily due to Raise Foundation’s support of the Together 4 Youth Collective which has now become its own entity. The donation of their fundraising monies over to the new entity is recorded in 2024, with the auspice arrangement now complete. Without this inclusion, Raise Foundation was in surplus.
*Our audited 2024 Financial Statements are available to view on our website.
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