St John Ambulance SA_Annual Report 2021-2022

Annual Report 2021/22 57

St John Ambulance Australia SA Inc

FINANCIALS CONTINUED

WHERE OUR MONEY COMES FROM – REVENUE During the year ended June 2022 we generated operating revenue of $24.6m which is $118k or 0.5% higher than the previous year. This was due to increased lottery ticket sales and lower than expected training and merchandising sales, predominantly due to COVID-19.

WHERE OUR MONEY GOES – EXPENSES

Revenue by category

2021/22 ($'000)

Percentage

2020/21 ($'000)

2019/20 ($'000)

2018/19 ($'000)

2017/18 ($'000)

Expenses by category

2021/22 ($'000)

Percentage

2020/21 ($'000)

2019/20 ($'000)

2018/19 ($'000)

2017/18 ($'000)

Training fees

4,710

19%

4,964

4,364

5,445

5,182

Salaries & on-costs

7,870

32%

7,822

6,878

5,979

5,566

Total expenses including depreciation were $24.3m which was $2.6m or 12% higher than the previous year. Salaries and on-costs comprised 32% of our total expenses and our split as follows:

Merchandising

2,526

10%

2,928

2,659

2,842

2,231

Fundraising

7,805

32%

5,367

4,750

83

26

Grants

1,334

5%

2,070

2,030

1,423

1,146

Administration

2,608

11%

2,616

2,195

1,490

1,441

Event fees

796

3%

1,170

1,153

925

944

Operational

1,157

5%

1,148

1,166

1,238

1,120

Investments

381

2%

460

533

567

525

Merchandising

1,404

6%

1,570

1,542

1,513

1,091

Other

614

2%

713

614

586

560

Depreciation

983

4%

687

619

475

413

•

44.3% on social enterprise activities,

Fundraising, donations & bequests

14,249

58%

12,187

9,328

481

345

Property

762

3%

878

542

574

606

Total

24,610

100% 24,492

20,680

12,269

10,932

Marketing

1,468

6%

1,325

1,823

492

412

•

15.3% on program delivery activities and

Finance

227

1%

255

228

78

72

Total

24,285

100% 21,667

19,743

11,923

10,746

•

40.4% on support staff activities.

Overall the largest contributions to revenue were provided by the social enterprise activities - training fees, merchandising sales and fundraising income. These accounted for 87% of all revenue received. Of the other revenue sources, grants accounted for 5%, event fees 3% and investment income 2%. Fundraising, donations and bequests have increased by $2.1m or 17% predominantly due to the increased lottery ticket sales. Training fees decreased $254k or 5% from the previous year. The 2022 financial year continued to be impacted by COVID cancellations across all training courses. Merchandising income decreased 14% or $403k and was primarily driven by Defibrillator supply issues caused by the COVID pandemic.

Grant income decreased by $735k due to COVID grants as well as the JobKeeper wage subsidy being received in the prior year. Event fees decreased by $374k primarily because of Event cancellations due to COVID. The prior year also included pandemic related income received from temperature screening within Westpac Bank branches. Investment income decreased by 17% or $79k from the previous year due to COVID impacts on the economic climate as well as lower interest rates for cash held on deposit.

Our salaries and on-costs were just 1% or $48k higher than the previous year. Strategy 2025 saw six new positions created however this increase was offset by the payment of wage top up payments associated with JobKeeper in the previous year. Fundraising expenses increased 45% or $2.4m due to additional costs incurred funding prizes associated with the Lottery. Administration related expenses decreased $7.6k with savings across many line items including audit fees, postage, software maintenance and photocopying expenses. Operational expenses increased $9.3k predominantly due to increased consumables being required because of the pandemic.

Merchandising costs decreased $166k or 11% from the prior year. This reduction is directly related to the decrease in sales due to supply issues. Depreciation expense increased $296k from the previous year due to additional vehicles, full year effect of building depreciation and a revision to the expected useful life of many older assets. Marketing expenses increased $143k or 10.8% due to increased expenditure on advertising primarily for the Christmas Home Lottery.

Finance expenses decreased $27k or 11% due to more efficient management of debt collection.