$338,521
directly invested in scholarships over a four year period
Statement of Financial Activities As at 31 December, 2013
Note 2013 $ Income Income from generated funds Voluntary Income Donations in kind Activities for generating funds Interest Income Expenditures Cost of raising funds Charitable activities costs Governance costs Administrative and operating expenses Net income Â
5 5 5
2012 $
268,547 1,673 18 270,238
320,296 15,786 49 336,131
98,252 11,526 104,454 214,232 56,006
860 81,909 27,390 130,634 240,793 95,338