SJSA Annual Report 2023-24

St John Ambulance SA

Financials – Treasurer’s Report 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

2023/24 ($’000)

2022/23 ($’000)

2021/22 ($’000)

2020/21 ($'000)

2019/20 ($'000)

Description

Revenue

31,391

26,029

24,547

24,447

20,640

30,315

Expenses

24,157

23,302

20,980

19,124

Net operating surplus/(deficit) before depreciation & disposals

1,872

1,245

3,466

1,516

1,076

Depreciation

775

1,016

983

687

619

(4)

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

39

63

46

40

Operating profit before change in fair value of available for sale financial assets Change in the fair value of available for sale financial assets

894

325

2,825

937

296

382

300

(622)

831

(519)

Total comprehensive income/(loss) for the year

678

1,194

(296)

3,656

418

For the year ended 30 June 2024, the net operating surplus before depreciation and disposals was $1.1m which was $796k lower than last year’s surplus of $1.9m. This decrease was due to an increase in expenditure of $6.2m offset by an increase in revenue of $5.4m and a reduction in depreciation of $0.2m, as discussed further below. The organisation continued to invest in the strategic plan, Strategy 2025, which was launched in late 2020 and provides a broad framework to ensure growth for St John SA over the coming few years. The Business Plan provides a number of business initiatives that underpin Strategy 2025 and provides guidance and focus for management. The Operating Profit before change in fair value of available for sale financial assets, which are essentially our investments, was $296k which was $598k lower than last year’s surplus of $894k. Total comprehensive income was a surplus of $678k compared to a surplus of $1.2m for the previous year.

43