St John Ambulance Australia SA Inc. Annual Report 2018-2019

St John Ambulance Australia SA Inc Annual Report 2018/19 57

FUNDING

FINANCIALS - TREASURER’S REPORT

FUNDS GENERATED:

FUNDS SPENT:

We are a volunteer-based charitable not-for-profit organisation, primarily funded through our own commercial activities.

OTHER INCOME

0% HISTORY AND HERITAGE

5% FUNDRAISING

5%

1% FIRST AID IN SCHOOLS

5% INVESTMENTS

1% INVESTMENTS

We are a social enterprise, meaning a not-for-profit that applies commercial strategies to generate funding for health and wellbeing programs, rather than for maximising profits for shareholders. This is achieved primarily through the delivery of training as a Registered Training Organisation (RTO) and the sale of first aid products. Every dollar spent with St John SA enables us to provide community services like first aid care for the public, education initiatives, support for the underprivileged, social inclusion and youth development programs.

SUMMARY OF COMPREHENSIVE INCOME

3% YOUTH ENGAGEMENT

EDUCATION AND PRODUCTS 67%

GRANTS

2018/19 ($’000)

2017/18 ($’000)

2016/17 ($’000)

2015/16 ($’000)

2014/15 ($’000)

6% SOCIAL INCLUSION

12%

Description

FUNDRAISING, DONATIONS & LEGACIES 4%

Revenue

12,255

10,953

11,975

10,165

9,779

Expenses

11,448

10,333

10,516

10,396

10,321

TOTAL $12,268,876

TOTAL $11,922,641

Net operating surplus/(deficit) before depreciation & disposals

808

620

1,459

(231)

(542)

EVENT FEES 7%

Depreciation

475

413

590

600

608

Net gain/(loss) on disposal of property, plant and equipment

13

(21)

354

140

(8)

Net surplus/(deficit) for the year

346

186

1,223

(691)

(1,158)

EVENT HEALTH SERVICES

EDUCATION AND PRODUCTS

Other comprehensive income

49

261

506

(87)

318

33%

51%

Total comprehensive income/(loss) for the year

395

447

1,729

(778)

(840)

We are pleased to report a net surplus for a third successive year. The net operating surplus before depreciation and disposals was $808k compared to a surplus of $620k in 2017/18. This increase was driven by a variety of factors that have resulted in higher income partially offset by higher expenses during 2018/19 (refer following page). During 2019/20, management is focusing on growing revenue from product sales by expanding our product range and restocking service, improving our customer conversion rates and enhancing features within the new website, and in fundraising from increased sponsorships and innovative fundraising programs. Total comprehensive income for 2018/19 was $395k compared to $447k in 2017/18.