Relationships Australia Tasmania made an operating surplus of $329,427 in the 2018/19 financial year.
The business of Speak Up Stay ChatTY Incorporated was transferred to Relationships Australia Tasmania during the financial year. Total net assets transferred was $442,825.
Total revenues increased by approximately 9% in 2018/19 financial year compared to 2017/18 financial year while overall expenses increased by approximately 8% during the equivalent period. Increase in grant income was mainly due to new and / or additional program funding particularly in the Mental Health Services stream.
The increase in expenditure was due to the provision of additional services, as well as employee benefits expenses mostly associated with the new and /or additional funding noted above.
|2019 ($)||2018 ($)|
|Grant income and fees||10,262,841||9,638,030|