SJSA Annual Report 2023-24

St John Ambulance SA

WHAT WE OWE - LIABILITIES Our liabilities were $5.1m at 30 June 2024, which is a decrease of $331k from the previous year. Current liabilities have decreased $190k predominantly due to the timing of income received in advance. Non-current liabilities have decreased $141k due to decreased lease liabilities associated with right-of use assets for land and buildings and motor vehicles. WHAT WE ARE WORTH – Net Equity Our net assets at 30 June 2024 were $24.2m, an increase of $678k from the previous year. This increase was made up of the annual operating surplus of $296k and an increase in the fair value of available for sale financial assets associated with our investments of $382k. It should be noted that if the St John SA property portfolio was revalued at fair value (market value), The Board believes that the net assets of St John SA would be higher.

Statement of cash flows

2023/24 ($’000)

2022/23 ($'000)

2021/22 ($'000)

2020/21 ($'000)

2019/20 ($’000)

Description

Cash flows from operating activities

(791)

1,078

289

722

503

Cash flows from investing activities

(878)

55

(199)

(271)

(1,372)

Cash flows from financing activities

(268)

(298)

(314)

(343)

(298)

Net increase/(decrease) in cash held

(1,937)

835

(224)

108

(1,167)

Cash at beginning of financial year

5,851

5,016

5,240

5,132

6,299

Cash at end of financial year

3,914

5,851

5,016

5,240

5,132

The statement of Cash Flows provides information on the movement of cash in and out of our organisation during the year. Movements associated with operating activities, investing activities and financing activities saw the cash holdings decrease from $5.9m to $3.9m at 30 June 2024.

Financials overview St John SA has a strong financial position. The five years of positive operating profit since the financial year ended 30 June 2020, has further strengthened the organisation’s financial position and provides an excellent platform for continued investment in both our core business and initiatives to further strengthen St John SA in the future.

Tony Mitchell Treasurer

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