St John Ambulance SA_Annual Report 2021-2022

Annual Report 2021/22 55

St John Ambulance Australia SA Inc

FUNDING

FINANCIALS - TREASURER’S REPORT

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

SUMMARY OF COMPREHENSIVE INCOME

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.

FUNDS GENERATED:

FUNDS SPENT:

2021/22 ($’000)

2020/21 ($'000)

2019/20 ($'000)

2018/19 ($'000)

2017/18 ($'000)

Description

Revenue

24,547

24,447

20,640

12,255

10,953

3% Other Income

2% Investment

5% Grants

Expenses

23,302

20,980

19,124

11,448

10,333

29% Education & Products

20% Event Health Services

Net operating surplus/(deficit) before depreciation & disposals

1,245

3,466

1,516

807

620

3% Event Fees

Depreciation

983

687

619

475

413

27% Education & Products

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

63

46

40

13

(21)

3% Social Inclusion Funding 3% Youth Development

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

325

2,825

937

346

186

(622)

831

(519)

49

261

Total comprehensive income/(loss) for the year

(296)

3,656

418

395

447

1% First Aid in Schools

For the year ended 30 June 2022, the net operating surplus before depreciation and disposals was $1.2m which was $2.2m lower than last year’s surplus of $3.4m. This decrease was due to significant investment in our strategic plan. The strategic plan, Strategy 2025, was launched in late 2020 and provides a broad framework to ensure growth for St John SA over the coming few years. The 2021/22 Business Plan provided a number of business initiatives that underpin Strategy 2025 and provide guidance and focus for management and the new year activities.

58% Fundraising, Donations & Legacies

$24,610,183

$24,284,783

46% Fundraising

The operating profit before change in fair value of available for sale financial assets was $325k which was $2.5m lower than last year’s net surplus of $2.8m

Total comprehensive income was a deficit of $296k compared to a surplus of $3.7m for the previous year.