General Manager’s Report – Chad Irons
ACCI Relief total revenue for 2019 was $3.8 million. We were able to grow our overseas grant income to $508,117, up from $$224,979 the previous year. Grant income is continuing to play an important part in the growth of our Kinnected program.
At the end of December 2018, we concluded our auspicing arrangement with Transform Cambodia. For the eight years, ACCI Relief had provided program oversight and compliance for one of our key education project partners, which was approved for its own public benevolent institution deductible recipient (PBI DGR) fund and is now separate.
ACCI Relief has also continued to maximise the proportion of funds that directly benefit our programs, with 88.4% of total expenditure directed to international programs and support costs during the year. Our program support costs have continued to grow, as we have increased the level of technical support that we are providing, especially for our specialist Kinnected Program partners.
Accountability and administration costs remain quite low at 7.1% of total expenditure, with fundraising costs at less than 1% and community education at 3%. You can read our Summary Financial Report for the year ending 31 December 2019. A copy of the full General Purpose Financial Report is available for download.
Our financial statements have been prepared in accordance with the requirements set out in the ACFID Code of Conduct. For further information on the Code please refer to the ACFID website at www.acfid.asn.au.
As we look ahead through some uncertain times, we know that our organisation and project partners will be heavily impacted in 2020. We are committed to battening down the hatches and weathering this storm, because we intend to keep supporting our partners as they continue to serve, assist and empower vulnerable communities during and after this pandemic.
Thank you for your continuing support.