Results for the year
The result for the year is a deficit of $0.2 million compared to a $4.8 million surplus in 2017-18. This decrease in result is mainly due to an increase in the investment in service activities and a decrease in income from bequests.
Review of financial condition
Total donations, excluding bequests, were $4.4 million in 2018-19 (2017-18: $4.6 million), including specified funds for designated programs and unspecified discretionary funds.
Where our funds came from
The above charts classify funds received, excluding bequests, based on the specific type of external funding source, rather than by the Brotherhood’s internal service activity, the latter being the basis of revenue classification adopted in the Statement of Profit or Loss and Other Comprehensive Income.