NFP revenue increases with donations

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Picture: FT FILE

Parliamentary office resourcing remained the National Federation Party’s biggest source of income in 2025, contributing significantly to the party’s financial position despite the party ending the year with a deficit.

The NFP’s detailed income and expenditure statement for the year ending December 31, 2025, shows the party recorded total income of $426,418, compared with $387,080 in 2024.

Parliamentary office resourcing accounted for $325,000 of total revenue in both years, making it the party’s dominant income source.

Donations to the party also increased sharply from $61,042 in 2024 to $100,682 in 2025.

Other income sources included interest earnings of $46 subscription fees and sundry income.

Despite the increase in revenue, the party recorded a deficit of $36,940 for the financial year after the total expenditure reached $463,358.

Salary payments remained the largest expense category at $142,949, up from $119,497 in 2024.

Meanwhile, meeting and campaign expenses increased significantly from $60,319 to $79,590, rent and rates more than tripled during the year, rising from $11,006 in 2024 to $35,645 in 2025, repairs and maintenance expenses rose sharply to $61,600 compared with $20,159 the previous year and other major costs included volunteer allowances totaling $38,160, FNPF contributions of $22,251, depreciation expenses of $22,969, and transport costs of $10,228. The party also spent $11,963 on telephone expenses, $6883 on printing and stationery, and $5477 on electricity and water while audit fees remained unchanged at $3450. Despite ending the year in deficit, the party’s revenue growth was largely driven by increased donations and continued parliamentary office funding.

Meanwhile, the Social Democratic Liberal Party (SODELPA) recorded an excess of income over expenditure of more than $199,000 in 2025, driven largely by a $325,000 parliamentary grant from Government.

According to the party’s Statement of Income and Expenditure for the year ended December 31, 2025, total income stood at $338,904, with the parliamentary grant accounting for the overwhelming majority of revenue.

Other sources of income included donations, fundraising, membership fees, levies from MPs and candidates, refunds and contributions from the party’s Women’s Forum.

The financial statement showed SODELPA received, $325,000 through the parliamentary grant, $4600 from MPs and candidates levy, $3130 in donations, $2510 from fundraising activities and $1970 in membership fees from constituency councils and branches.