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April 2021 Finance Management Pack

FINANCE MANAGEMENT PACK 26 APRIL 2020

2021/2022 Financial Pack - INDEX

WESSA NPO PART 1

Section FINANCIAL REPORT

Finance Report - APRIL 2021

PART 2

BALANCE SHEET Accounts Receivable Summary

PART 3

CASHFLOW Cashflow Analysis Detail list of WESSA Bank Accounts

PART 4

INCOME STATEMENT CONSOLIDATED Income Statement

PART 5

PROJECTS PROJECT Summary - Management Fee Income

- Office cost recovery - Vehicle cost recovery

PART 6

EDUCATION CENTRES

WMS INCOME STATEMENT BP INCOME STATEMENT

Apr-21

SFM REPORT

“ The achievement of an organization

are the results of the combined effort

of each individual. ” – Vince Lombardi

WESSA SFM REPORT

1. INTRODUCTION

The previous financial year was a challenging year for the WESSA Group. The first period of this year begun with the health Minister warning South Africans of a third wave of Covid 19. The organisation has undoubtedly been affected by the chaos revolving around this pandemic and there is still great concern and anxiousness regarding the performance of the organisation for this financial year due to the mention of the third wave. The Group results for April 2021 shows a surplus of R72 363. This is lower than budget and not where we would like to be. WESSA NGO has performed well for the first period of the year and has reached 70% of its budgeted surplus. The Work Skills and Schools Units have contributed to this Surplus. The education Centre results are unsatisfactory and not in line with budget, the areas of concern are being identified and actions to monitor and evaluate these areas put in place.

2. ANALYSIS OF THE FINANCIAL RESULTS AT PERIOD ENDED 26 APRIL 2021

CONSOLIDATED FINANCIAL PERFORMANCE

YTD 26 APRIL 2021 GROUP RESULTS

WESSA

WMS & BP

YTD

Varianc e R'000

Actual R'000

Budget R'000

Actual R'000

Budget R'000

Variance R'000

Actual R'000

Budget R'000

Variance R'000

Incme

1 432 2 027 -595 162 553

-391

1 594 2 580

-986

Expenditure

1 227 1 401 -174 295 568

-273

1 522 1 969

-447

SURPLUS / (DEFICIT)

205 626 -421 -133 -15 -118

72 611 -539

3. RISKS AND MITIGATIONS

Payroll costs vs revenue – Training Unit

Analyse utilisation of staff before any further appointments.

•

Market analysis

• •

Strategic review process to guide new focus areas and business opportunities

WMS financial performance

SFM to work closely with unit manager Credit terms with suppliers Use of mobilisation fee to pay stipends

•

Groen Sebenza cash flow risk

•

• •

WESSA SFM REPORT

Reduction in projects secured

Strategic review process to guide new focus areas and business opportunities

•

4. UNIT ANALYSIS 2021/2022

ACTUAL vs BUDGET

For the month ended 26 April 2021

Support Services

Sustainable Tourism

Schools & Youth

Work Skills

Education centres

Total

Income

90 146

122 064

538 859 681 187 161 800 1 594 056

Budget

497 960

141 318

458 689 929 369 552 788 2 580 124

-407 814 -19 254 80 170 -248 182 -390 988

Variance

-986 068

Expenses

551 461

234 142

312 107 129 301 294 681 1 521 692

Budget

670 097

265 577

258 896 206 374 568 121 1 969 065

-118 636 -31 435 53 211 -77 073 -273 440

Variance

-447 373

Surplus/(Deficit)

-461 315

-112 078

226 752 551 886 -132 881

72 364

Budget

-172 137

-124 259

199 793 722 995 -15 333 611 059

-289 178 12 181 26 959 -171 109 -117 548

Variance

-538 695

SUPPORT SERVICES

The support services unit is not in line with the budget, this is due to membership income which was not scheduled properly in the budget. The budgeted income should ’ ve been spread out over six months but was instead budgeted into the first period only.

SUSTAINABLE TOURISM

The unit is slightly over budget, expenses were within budget and the income was less than budgeted. This is due to projects in the pipeline which have not materialise. The unit is projected to pick up in upcoming months once it starts receiving registration fees.

SCHOOLS & YOUTH

A great performance from the unit for the first period of the financial year. Project income is higher than budgeted due to projects like Italtile, Ceramics and AECI which weren’t in cluded in the budget. Expenses were slightly higher than budgeted due to a salary expenses being higher than budgeted.

WESSA SFM REPORT

WORK SKILLS

Although the unit reflects a surplus of R551 886, it only reached 76% of the budgeted surplus for the period under review. This is mainly due to budgeted income from Groen Sebenza and NRM management fees not materialising. The delay of payment from DFFE is the root cause of the negative income variance.

EDUCATION CENTRES

WMS was not able to meet budgeted income in the period under review and the budget assumptions will be analysed. Project income was not realised in this period and should contribute to the improvement of income in the next period. The fixed costs of the education centres are high in relation to income. No income was generated by Bush Pigs which also resulted in minimal expenditure. An analysis of the viability of Bush Pigs needs to be considered and a decision made in this financial year. The strategic review process will guide the organisation in this regard.

5. CASH FLOW

The WESSA Group started off the first period of the 2021/2022 financial year with an opening cash balance of R18 084 545, cash inflows for the period under review amounted to R2 994 832, the majority of which were from project income. Cash outflows for the period under review amounted to R2 539 444, the majority of which were salaries. We closed off the period with a cash balance of R18 539 934 (see table 5.1 below). A comparison of March 2021 and April 2021 cash flow is depicted by graph 5.2 below. The organisations free cash, restricted cash, and project cash as of 31 March 2021 is indicated in table 5.3 below.

5.1 Cash flow – April 2021

WESSA

WESSA NOF

Treasury Accounts DEA Training WMS

Bushpigs Total Group

CASH FLOW ACTUAL

Apr-21

OPENING BALANCE @01 April 2021

272 397

17 520 819

257 896 70 610 60 000

6 003

27 431 25 800 39 138 14 093

18 084 545 2 994 832 2 539 444 18 539 934

INFLOWS

1 811 339 2 025 534

736 844 60 000

350 239 354 773

OUTFLOWS

CLOSING BALANCE @30 April 2021

58 202

18 197 663

268 506

1 469

WESSA SFM REPORT

5.2 Cash Flow Analysis – March 2021 vs April 2021

5.3 FREE CASH, RESTRICTED CASH AND PROJECT CASH AS OF 31 March 2021

6. CONCLUSION

We remain optimistic about this financial year as we navigate through economic uncertainties. The previous financial year has taught us that there is a need for innovative thinking and an inevitable change in what was previously considered “normal”. The areas of concern have been identified and actions put in place to monitor these areas. We maintain a steady focus on expense control and income generation to ensure continued performance.

Nana Msomi Senior Financial Manager

WESSA OUTSTANDING DEBTORS AGE ANALYSIS

April 2021

Recoverable from Funders/Projects

2 546 203

Other Debtors

5 867 306

PER AGE ANALYSIS

8 413 508

SUMMARY

Current

30 Days

60 Days

90 Days

>90 Days

TOTAL

FUNDERS ECO UNIT BUSHPIGS

95 656

1 113 230

723 073

- -

614 244 22 333 46 123

2 546 203

- -

22 333

100 933 298 350

147 055

WILDLIFE MARKETING SERVICES

55 912

307 945

59 859

4 814 541

5 536 607

MEMBERSHIP

450

8 290 4 422

8 740 9 673

SCHOOLS PROGRAMME

1 010

1 211

3 030 6 000

- -

WORK SKILLS

96 648

40 250

142 897

152 577

1 519 034

791 962

399 732

5 550 203

8 413 508

Current

30 Days

60 Days

90 Days

>90 Days

TOTAL

A RECOVERABLE FROM FUNDERS

Balwin Foundation NPC

50 000

Department of Environmental Affairs

255 515

DEA (Working For The Coast)

-134 880

DEA YES Training

-3 208

Department of Environmental Affairs

251 850

596 706

848 556

Department for European Affairs and Development

19 480

Orion Engineered Carbons

115 262

Ethekwini Municipality

-313 763

GIZ

10 935

Groen Sebenza Training

216 668

Indalo - The Innovation Hub

9 000

Italtile Ceramics

95 656

126 072

89 293

311 021 108 696 200 243

GLENCORE

108 696

MRP Foundation

200 243

SA INSTITUTE OF INTERNATIONAL AFFAIRS

67 995

RMB Trust

718 920

SANBI

4 027

Sishen Iron Ore Co Pty Ltd

55 377

United Nations Information Center

6 359

95 656

1 113 230

723 073

614 244

2 546 203

OTHER DEBTORS

BUSHPIGS

100 933 298 350

46 123

147 055

WILDLIFE MARKETING SERVICES PTY LTD

55 912

307 945

59 859

4 814 541

5 536 607

ECO SCHOOLS ie Cherry Place

22 333

MEMBERSHIP

450

8289,99

8 740 9 673

SCHOOLS

1 010

1 211

3 030 6 000

- -

4 422

WORK SKILL

96 648

40 250

142 897

56 922

405 804

68 889

399 732

4 935 959

5 867 306

TOTAL RECEIVABLE per above

152 577

1 519 034

791 962

399 732

5 550 203

8 413 508

18%

66%

100%

A LISTING OF ALL CURRENT & CALL ACCOUNTS WITH FNB

Apr-21

CURRENT ACCOUNTS:

No Interest

✓

763 174

General National Bank Accounts

WESSA Main Bank Account

74 477,74

NAT Blue Flag / TBF Implementing

440 149,39

NAT Envirokids

100 254,69

NAT Membership

81 520,31

Bequests and donations

66 771,87

2 542

Bushpigs

Bushpigs Chq

2 541,55

9 093 988

Project Specific Accounts

Umgeni Valley Projects / Sishen

44 929,77

TWS Projects

794 469,31

Moss Trust

31 739,27

Workskills Training

110 843,43

TBF Phase 2

2 333 906,18

NAT Cons Specific

32 806,10

NAT Eco Schools

2 940 668,12

NAT Eco Registrations

95 722,44

Elephant Fund

1 702,96

LG Seta

6 892,64

Rhino Fund

489,52

Balwin Foundation

5 037,58

TGC Implementing

9 166,51

DEA NRM Training

58 293,81

DEA Jobs for Carbon

7 272,61

DEA YES Free State

DEA YES Nothern Cape

0,10

Ecoschools AECI

29 063,71

Ecoschools RMB

698 787,66

Ecoschools EEESAY

14 188,64

Ecoschools YRE

382 571,29

Ecoschools CHDM Wessa Partnership

7 150,21

DE Beers

123 202,60

Strategic Investment

413 104,95

AGIY

64 835,21

DEA NRM Training IA Fees

268 506,00

NAT CIDA

16 391,58

DEA YES Implementer

63,80

Tourism Green Coast

4,39

Groen Sebenza

8 805,12

UEI - Umgeni Ecological

593 372,00

WESSA

WESSA NOF

Treasury Accounts DEA Training

WMS

Bushpigs

Total Group

CASH FLOW ACTUAL

Apr-21

OPENING BALANCE @ 01 April 2021

272 397

17 520 819

257 896 70 610 60 000 268 506

6 003

27 431 25 800 39 138 14 093

18 084 545 2 994 832 2 539 444 18 539 934

INFLOWS

1 811 339 2 025 534

736 844 60 000

350 239 354 773

OUTFLOWS

CLOSING BALANCE @ 30 April 2021

58 202

18 197 663

1 469

ACTUAL BANK BALANCE

58 202

18 197 663

268 506

1 469

14 093

18 539 934

PROJECT INCOME BUSHPIGS LOAN

1 266 741

- - - - - - - - - - - - - - - - - - - - - -

- - - - - - - - - - -

1 266 741

- - - - - -

DEA YES LOAN

ECO-TOURISM FLAGS

MEMBERSHIPS

EDUCATION CENTRE INCOME

COURSE FEES OTHER INCOME

55 075

70 610

130 239

10 800

266 724 115 011

INVESTMENT INCOME

8 167 4 171

106 844

DONATIONS

4 171

VAT REIMBURSEMENTS

- - -

- -

UNIT TRUST

LOANS (internal)

220 000

15 000

235 000

INTERNAL TRANSFERS

477 184

630 000

- -

1 107 184

TOTAL INFLOWS

1 811 339

736 844

70 610

350 239

25 800

2 994 832

AP PAYMENTS DEBIT ORDERS

146 091 168 483 34 859 13 703

136 657

28 367

311 115 176 804 34 859 13 703

100

8 221

CLAIMS & CREDIT CARDS BANK CHARGES + INTEREST

- -

SALARIES

1 177 079

211 078

2 550

1 390 707

PAYE

- -

- - - - - -

- -

SALARIES REIMBUSTMENT WMS

SARS - VAT AUDIT FEE

70 426

6 938

77 364

- - -

Internal transfers

251 850 163 043

60 000

371 850 163 043

DEPT. OF ENVIRONMENTAL AFFAIRS

TOTAL OUTFLOWS

2 025 534

60 000

354 773

39 138

2 539 444

WESSA Income Statement Year to Date vs Budget

Page 1 of 1 09:13:18AM 2021/05/17

For the 1 Month Ended 30 April 2021 Variance Bud Month Act Month R R R

Actual YTD Bud YTD Variance

Administration and management fees Application and Registration Charged Bequests, donations and grants

78,356

206,513

(128,157)

78,356

206,513

(128,157)

0 0

41,667 779,369

(41,667) (98,182)

41,667 779,369

(41,667) (98,182)

Course fees

681,187

Education centre income Envirokids Magazine Income

0 0

Interest Income

11,790

35,000

(23,210)

11,790

35,000

(23,210)

Investment income Membership Income Other income Project income Recovery income

0 0 0 0 0 0 0

30,398

(30,398) (1,300)

30,398

(30,398) (1,300)

1,300

660,923

598,707

62,215

660,923

598,707

62,215

0 0 0 0

Rental income

Resource Income Training Income

Total Income

1,432,256

1,692,954

(260,699)

1,432,256

1,692,954

(260,699)

Total Expenditure Auditors' remuneration

1,227,011

1,400,945

173,933

1,227,011

1,400,945

173,933

34,583

0 0

34,583

0 0

Bad Debts

Bank Charges

10,520 22,036

15,000 43,534

4,480

10,520 22,036

15,000 43,534

4,480

Computer expenses

21,498

Conferences, seminars and workshops

0 0 0 0 0 0 0

Course fee expenses

3,391

(3,391)

3,391

(3,391)

Credit Card - Unreconciled

Depreciation

46,069

21,955

(24,114)

46,069

21,955

(24,114)

Discount Allowed

0 0 0 0

Education centre expenses

Electricity

Entertainment Equipment lease

10,866 48,354

36,248 31,300

25,382

10,866 48,354

36,248 31,300

25,382

Insurance

(17,054)

Interest and finance charges Magazine Specific Expenses Magazines and newsletters

7 0 0

0 0 0

(7)

7 0 0

0 0 0

(7)

0 0

Marketing expenses

3,500

15,325 42,620

11,825 42,620

3,500

15,325 42,620

11,825 42,620

Membership and registration fees Membership Expenses-Branches

0 0

Motor vehicle expenses

28,031 21,201

13,500 47,250

(14,531)

28,031 21,201

13,500 47,250

(14,531)

Office expenses Other Expenses Other staff costs

26,049

10,805

7,150

(3,655) 15,362 (2,843)

10,805

7,150

(3,655) 15,362 (2,843)

Printing, stationery and postage Professional consulting fees

4,203

19,565 10,000

4,203

19,565 10,000

12,843

Profit on sale of Assets Repairs & Maintenence

243

1,300

1,057

243

1,300

1,057

Resources

Salaries and wages Social Media Expenses

939,815

1,002,435

62,620

939,815

1,002,435

62,620

0 0

Staff Training

Telephone

25,286

26,730 32,450

1,444

25,286

26,730 32,450

1,444

Travel, accommodation and transport

5,257

27,193

5,257

27,193

205,244

292,010

(86,765)

205,244

292,010

(86,765)

Surplus/ (Deficit)

ANALYSIS OF PROJECT INCOME & MANAGEMENT FEES Apr-21

Comments The sustainable tourism unit reached 66 % of it's budget, the variance is due to two projects in the pipeline which have not materialised. The Schools & Youth unit reached budget.

Actual

Budget Apr-21

Variance

Actual

Budget

Variance

Year To Date

PROFESSIONAL FEES

574 549 68 000 506 549

537 094 103 068 434 026

37 454 -35 068 72 522 14 762 10 000

574 549 68 000 506 549

537 094 103 068 434 026

37 454 -35 068 72 522 14 762 10 000

Sustainable Tourism

Schools

VEHICLE USAGE OFFICE COSTS

70 124 16 250

55 363

70 124 16 250

55 363

6 250

TOTAL PROJECT INCOME

660 923

598 707

62 217

660 923

598 707

62 216

MANAGEMENT FEES

78 356

206 513

(128 158)

78 356

206 515

(128 159)

Sustainable Tourism

Schools

78 356

56 513 150 000 206 513

21 843

78 356

56 513 150 000 206 515

21 843

Work Skills

-150 000 (128 157)

-150 000 (128 159)

TOTAL MANAGEMENT FEES

78 356

90% of course fees were from the TBF project and the remaining 10% from TBF project.

Course Fees

681 187

779 369

(98 182)

681 187

779 369

(98 181)

TOTAL COURSE FEES

681 187

779 369

(98 182)

681 187

779 369

(98 182)

Professional Fees

Actual

Budget

Variance

Actual

Budget

Variance

Apr-21

Year To Date

Schools & Youth

506 549

434 026

72 522

506 549

434 026

72 522

117%

100%

Balwin

5 000

Glencore

20 506

Glencore

25 123

i4Water

18 639

Afrika Tikkun

18 053

SAIIA - YRE Component

16 617

20 765

-4 148

16 617

20 765

-4 148

Groenland WUA

8 441

CDM 2020/2021

7 713

SASOL 2020

23 373

MR PRICE QWA QWA

26 487

16 293

10 194

26 487

16 293

10 194

RMB

35 725

35 000

725

35 725

35 000

725

N3TC

5 869

ORION

8 823

VVOB - VHEMBE

34 473

VVOB - AMATHOLE

34 473

VVOB - NMB

34 473

Independently Registered Schools

10 000

Italtile

10 904

Ceramic

26 021

AECI Water Week

23 219

CHDM

5 718

GIZ Ambassador Network

46 400

88 800

-42 400

46 400

88 800

-42 400

Groen Sebenza

60 500

Pipeline

South32

Mr Price - Tongaat

40 000

-40 000

40 000

-40 000

Target

8 333

-8 333

8 333

-8 333

JONSSONS

LANXESS KZN ECO SCHOOLS

LANXESS GP CLIMATE CHANGE

National Ceramics

Saiia

Pick n Pay

ITALTILE Enviro Week event

TOTAL SA

AFRISAM

VEDANTA

Sustainable Tourism

68 000

103 068

-35 068

68 000

103 068

-35 068

66%

Tourism Blue Flag 2

68 000

69 735

-1 735

68 000

69 735

-1 735

Pipeline

Target

8 333

-8 333

8 333

-8 333

ChildSafe Movement II

Target Project 1

25 000

-25 000

25 000

-25 000

Total Professional Fees

574 549

537 094

37 454

574 549

537 094

37 454

Management Fees

Actual

Budget

Variance

Actual

Budget

Variance

Sources of Income

Apr-21

Year To Date

Sustainable Tourism

Tourism Blue Flag 2

SAG

Tourism Green Coast I

SAG

Tourism Green Coast II

SAG

Childhood Foundation I

Schools

78 356

56 513

-16 210

78 356

56 513

21 843

i4Water

SAG

3 844

Afrika Tikkun

3 836

Glencore

4 668

Glencore

5 633

SAIIA - YRE Component

3 725

Orion

2 215

IRS

RMB

7 356

7 000

-356

7 356

7 000

356

CDM 2020/2021

2 225

MR PRICE QWA QWA

7 128

6 826

-302

7 128

6 826

302

Groenland WUA

1 691

Sasol

5 117

N3TC

1 514

1 518

1 514

1 518

-3

VVOB - VHEMBE

4 675

4 750

4 675

4 750

-75

VVOB - AMATHOLE

4 466

4 541

4 466

4 541

-75

VVOB - NMB

4 484

4 559

4 484

4 559

-75

Italtile

2 300

-2 300

2 300

Ceramics

5 750

-5 750

5 750

AECI Water

6 344

-6 344

6 344

CHDM

SAG

1 386

-1 386

1 386

FID

YOU

AGYI

FID

OTHER

Target

HRS

WRK

150 000

-150 000

DEA NRM

SAG

150 000

-150 000

Total Management fees

78 356

206 513

133 790

78 356

206 513

-128 157

Office Costs

Actual

Budget

Variance

Actual

Budget

Variance

Source of income

Apr-20

Year To Date

SCH

10 000

-10 000

10 000

Groen Sebenza

10 000

-10 000

10 000

Sustainable Tourism

6 250

TGC

SAG

TBF 2

SAG

6 250

After budget

Balwin

Total Office Costs

16 250

6 250

-10 000

16 250

6 250

10 000

Vehicle Usage

Actual

Budget

Variance

Actual

Budget

Variance

Source of income

Apr-21

Year To Date

SCHOOLS

22 310

23 363

-2 093

22 310

23 363

-1 053

SASOL

4 264

643

3 622

4 264

643

3 622

Afrika Tikkun

530

-530

530

-530

CDM

2 275

-2 275

2 275

-2 275

Orion 2021

1 565

-1 565

1 565

-1 565

RMB 2021

5 430

-5 355

5 430

-5 355

MRP 2021

1 420

6 600

-5 180

1 420

6 600

-5 180

Glencore 2020/2021

2 365

3 700

-1 335

2 365

3 700

-1 335

i4Water

1 330

420

910

1 330

420

910

Groenland

2 200

-2 200

2 200

-2 200

VVOV

6 024

CHDM

5 792

Ceramic

1 040

Sustainable Tourism

47 814

32 000

15 814

47 814

32 000

15 814

Tourism Blue Flag 2

SAG

47 814

32 000

15 814

47 814

32 000

15 814

Tourism Green Coast I

SAG

Tourism Green Coast II

SAG

Total vehicle Usage

70 124

55 363

13 722

70 124

55 363

14 762

Wildlife Marketing Services (Pty) Ltd Income Statement

WMS

For The 1 Period Ending April 26, 2021

Current Month

Year To date

Actual

Budget

Variance

Actual

Budget

Variance

Privately funded Education Groups (Parents)

23 252

100 000

-76 748

23 252

100 000

-76 748

Privately funded Education Groups (Private donors)

Government funded Education Groups

Corporate funded income (Education Projects)

182 788

-182 788

182 788

-182 788

Private tourism Groups

15 000

-15 000

15 000

-15 000

Donations

Other Income

134 200

50 000

84 200

134 200

50 000

84 200

Tuckshop

5 000

-5 000

5 000

-5 000

Rental Income

4 348

20 000

-15 652

4 348

20 000

-15 652

Event income

5 000

-5 000

5 000

-5 000

TOTAL REVENUE

161 800 377 788 -215 988

161 800

377 788

-215 988

Salaries & wages - Direct

183 128

Education Centre Expenses Direct

27 628

95 600

-67 972

27 628

95 600

-67 972

LESS COST OF SALES

210 756 95 600 115 156

210 756

95 600

115 156

% Direct Costs vs Revenue

130%

25%

-53%

130%

25%

-53%

GROSS PROFIT

-48 956 282 188 -331 144

-48 956

282 188

-331 144

Gross Profit %

-30%

75%

153%

-30%

75%

153%

LESS OPERATING COSTS

Bank charges

1 500

-1 500

1 500

-1 500

Audit fee

4 000

-4 000

4 000

-4 000

Computer expenses

2 500

-2 500

2 500

-2 500

Conferences, seminars and workshops

111

10 000

-9 889

111

10 000

-9 889

Course Fee Expenses

Credit card - unreconciled

Equipment lease

4 000

4 750

-750

4 000

4 750

-750

Insurance

16 890

14 000

2 890

16 890

14 000

2 890

Interest and finance charges

Magazines and newsletters - Specific

1 000

-1 000

1 000

-1 000

Marketing expenses

2 500

-2 500

2 500

-2 500

Registration & Subscriptions

365

2 500

-2 135

365

2 500

-2 135

Motor vehicle expenses

17 151

15 000

2 151

17 151

15 000

2 151

Office Expenses

13 982

16 000

-2 018

13 982

16 000

-2 018

Other staff costs

Printing, stationery and postage

205

3 000

-2 795

205

3 000

-2 795

Professional consulting fees

2 500

-2 500

2 500

-2 500

Profit on sale of assets

Repairs & Maintenance

3 163

12 000

-8 837

3 163

12 000

-8 837

Salaries and wages - Indirect

418

146 735

-146 317

418

146 735

-146 317

Staff Training

2 000

-2 000

2 000

-2 000

Telephone

11 479

15 000

-3 521

11 479

15 000

-3 521

Travel, accommodation and transport

748

11 400

-10 652

748

11 400

-10 652

TOTAL OPERATING COSTS

68 512

266 385

-197 873

68 512

266 385

-197 873

% Operating Costs vs Revenue

42%

71%

92%

42%

71%

92%

EBITDA

-117 468 15 803 -133 270

-117 468

15 803

-133 270

% EBITDA vs Revenue

-73%

62%

-73%

62%

Depreciation

19 963

EBIT

-137 430

15 803 -153 233

-137 430

15 803

-153 233

TAX

4 425

Net Profit

-137 430 11 378 -153 233

-137 430

11 378

-153 233

N% Net Profit vs Revenue

-85%

71%

-85%

71%

BUSH PIGS Income Statement Year to Date vs Budget

Page 1 of 1 09:11:35AM 2021/05/14

For the 1 Month Ended 30 April 2021 Variance Bud Month Act Month R R R

Actual YTD Bud YTD Variance

Bequests, donations and grants

0 0 0 0 0 0 0

0 0 0 0

0 0 0 0 0 0 0

0 0 0 0

Education centre income

Investment income

Other income

Privately funded Education Groups (Parents)

175,000

(175,000)

175,000

(175,000)

Project income Recovery income

0 0

Total Income

175,000

(175,000)

175,000

(175,000)

Total Expenditure Administration and general expenses

15,413

206,136

190,723

15,413

206,136

190,723

750

Auditors' remuneration

5,833

0 0

5,833

0 0

Bad Debts

0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Computer expenses

500

Conferences, seminars and workshops

0 0

Cost of sales Depreciation Direct Salaries

3,475

Education centre expenses

97,000

Entertainment Equipment hire

0 0

Insurance

7,030

8,900

1,870

7,030

8,900

1,870

Interest and finance charges Magazines and newsletters

4,000

Management fees Marketing expenses

3,000

Membership and registration fees

Motor vehicle expenses

17,000 13,000

Office expenses Other Expenses Other staff costs

2,550

2,500 1,450 2,500

(50)

2,550

2,500 1,450 2,500

(50)

Printing, stationery and postage Professional consulting fees

1,450 2,500

Profit on sale of Assets Repairs & Maintenence

6,000

Resources

Salaries and wages

31,228

Staff Training

2,000 5,500 1,500

Telephone

Travel, accommodation and transport

(15,413)

(31,136)

15,723

(15,413)

(31,136)

15,723

Surplus/ (Deficit)

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