St John Ambulance SA Annual Report 2022-23

Annual Report 2022/23

39

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

2022/23 ($’000)

2021/22 ($’000)

2020/21 ($'000)

2019/20 ($'000)

2018/19 ($'000)

Description

Revenue

26,029

24,547

24,447

20,640

12,255

24,157

Expenses

23,302

20,980

19,124

11,448

Net operating surplus/(deficit) before depreciation & disposals

1,245

3,466

1,516

807

1,872

Depreciation

1,016

983

687

619

475

39

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

63

46

40

13

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

894

300

(622)

831

(519)

49

Total comprehensive income/(loss) for the year

1,194

(296)

3,656

418

395

For the year ended 30 June 2023, the net operating surplus before depreciation and disposals was $1.9m which was $627k higher than last year’s surplus of $1.2m. This increase was due to increase in revenue of $1.5m offset by an increase in expenditure of $888k. The organisation continues 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 provide guidance and focus for management. The total comprehensive income before change in fair value of available for sale financial assets, which are essentially our investments, was $894k which was $569k higher than last year’s surplus of $325k. Total comprehensive income was a surplus of $1.2m compared to a deficit of $296k for the previous year.