2021 WESSA Annual Review

FINANCIAL REVIEW

It was a challenging year for WESSA with the emergence of the Covid-19 pandemic, the nation-wide lockdown, and its effect on funding opportunities. Project sales for the 2020/21 financial year decreased by 59% in comparison to the previous financial year. This is the lowest number we’ve seen in the past 6 years. This steep decline in project sales is indicative of impact the COVID19

pandemic and lockdown had on business particularly project funding, it caused disruptions to operations, with school visits being cancelled and projects and training being postponed.

With the increased anxiety and uncertainty about the future, some funders decided not to enter new contracts. Although project proposals were submitted the response and success rate was much slower than anticipated.

PROJECT SALES

A comprehensive deficit of R2 570 539 was reported for the 2020/2021 financial year. Salaries for the financial year under review contributes to 50% of total costs, which is an improvement to the previous financial year (2019/2020) which was 66% of total costs. There has been no provision made for bonuses due to the weak operational results.

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Annual Review 2020-2021