Financial Officer Report for the year ending 30th April 2021
This academic year 2020/2021 has yet been another challenging year for our organisation. Due to the Covid-19 pandemic, all our main events had to be cancelled, namely ‘The Annual Christmas Ball’ from which we generate the majority revenue. Although our executive deemed appropriate to organise a photo treasure hunt during the Christmas recess, all revenue generated from this event was donated to l-Istrina.
The total income from 2020 to 2021 decreased by 98.96% due to the aforementioned reasons. Meanwhile, the total expenditure also decreased exponentially at a total of 96.58% and this mainly is due to the fact that we did not host the Grand Annual Christmas Ball. During the period under review GUG made a net loss of €618.
Ultimately, although this year GUG had to take a few steps back to keep safe and abide by the COVID-19 restrictions, as an executive we truly hope that next scholastic year will be better than the past two, a year where we can move forward, hold meetings with many other stakeholders to make better the lives of Gozitan students studying in Malta and organise more activities to bring these students together and better their experience as tertiary students.
Estelle Scicluna
Financial Officer
Executive 20/21
Leave A Comment