b'FINANCIAL SUMMARYStatement of Profit or Loss and Other Comprehensive IncomeFor the year ended 30 June 2023In AUD 2023 2022Fundraising and donations 2,296,031 1,661,946Government grants 1,108,617 1,382,945Total revenue 3,404,648 3,044,891Scholarship and student related expenses* (1,144,890) (807,901)IT development (33,510) (70,200)Research and evaluation expenses (44,325) (200,000)Donor engagement expenses (174,374) (20,141)Personnel expenses** (1,139,179) (854,581)Depreciation and amortisation expenses (3,579) (3,437)Other expenses (136,726) (93,263)Total expenses (2,676,583) (2,049,523)Surplus from operations 728,065 995,368Finance income 138,575 (58,456)Finance costs (15,678) (158,266)Net finance income/(cost) 122,897 (99,810)Surplus before income tax 850,962 895,558Other comprehensive income for the year - -Total comprehensive income for the year 850,962 895,558* indicates 20% increase in number of students we supported in 2023** includes increase of 3 staff members44 GO FOUNDATION'