Page 30 - Gerald Choa Memorial Fund Annual Report 2018-19

FINANCIAL REPORT

Income and Expenditure Statement

For the financial year in the period of 1 July 2018 to 30 June 2019

Income HK$

Opening Balance as of 1 July 2018 5,024,460
Donations 1,248,130
Interest and Investment Income 132,465

6,405,055

Expenditure
Scholarships and Sponsorships (499,466)
Facilities and Utilities, Hardware (35,572)
Activities and Programmes (200,629)
Miscellaneous (8,468)

(744,135)

Balance as of 30 June 2019 5,660,920

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