Skip to content
FGSCAA — Festac Grammar School Class of 1998 Alumni Association

FGSCAA Public Financial Summary — 2024/2025

Financial Year Ended 30 June 2025

Prepared by
FGSCAA Finance Committee
Delivered to the Board of Trustees
27 June 2025
Status
Public Accountability Summary

FGSCAA publishes selected annual financial summaries as part of its commitment to transparency, responsible stewardship and institutional accountability.

This public summary presents headline financial information for the 2024/2025 Financial Year. Detailed financial reports and supporting institutional records are available to members through the My FGSCAA Member Portal.

Financial Year at a Glance

Total Operating Revenue
₦10,614,023
Total Operating Expenses
₦6,801,599
Net Income
₦3,812,424

₦10,614,023 Total Operating Revenue − ₦6,801,599 Total Operating Expenses = ₦3,812,424 Net Income

Revenue Summary

Revenue during the reporting period reflected membership-related income, recoveries, contributions and programme/event-related receipts recorded in the Association’s financial statement.

Expenditure Summary

Major expenditure areas during the reporting period:

  • 2024 End-of-Year Party
  • Back-to-School Project
  • School-related support
  • CAC compliance and account reactivation
  • Member welfare support
  • Membership administration
  • Bank charges

Member Welfare

During the 2024/2025 reporting period, FGSCAA provided welfare support for bereavement and childbirth-related member needs.

Public Accountability Note

This page presents selected headline information from FGSCAA’s 2024/2025 Financial Report for public accountability.

Detailed financial reports and supporting institutional records are available to members through the My FGSCAA Member Portal.

Member-specific welfare information, banking records, vouchers, reconciliations and supporting schedules are not published on the public website.