Finance Report 2018

Finance Report 2018 

Our Finances

Thanks to the generosity of our donors and partners, JA South Africa maintains its status as a strong financial organisation.

How we raise our funds

JA South Africa is constantly striving to find new, innovative ways to connect with those who share our commitment to youth. Operating income decreased by xx percent in 2018, to Rxx million, due to CSI total spend decline.

According to CSI and sustainability consultancy Trialogue, while NPOs remain the preferred channel through which companies direct their CSI expenditure, CSI funding to NPOs has declined to below 45% of CSI total spend.

How we use our funds

We work to ensure that the funds we raise are used in the most effective way possible to achieve our mission. We are pleased to report that xx percent of total operating expenses in 2018 were spent directly on programme costs to impact youth. In 2018, we deployed Rxx million in total operating expenses, an increase of xx percent over 2017, to implement much-needed programmes in all nine provinces.

Investing in the future and sustainability

To ensure we continually find new and better ways to make an impact, we made critical investments for the future in 2018, which included:

  • Our innovation initiative, where we piloted a demand-driven programme to increase interest and uptake of Science, Technology, Engineering, Art, Mathematics, Manufacturing and Design (STEAM2D) subjects at high school.
  • Increased collaboration with donors and partners to generate alternative methods of funding our work, such as engaging giving from donor employees and initiating volunteering on programmes’ delivery (non-cash giving).
  • Diversifying to generate fresh sources of funding our work.

Strong balance sheet

JA South Africa closed 2018 with Rxx million in net assets, of which Rxx million were unrestricted funds. This financial strength gives us the basis to invest in youth over the long term, as we have for almost 40 years, so that young people in South Africa secure the chance to pull themselves out of poverty and into tertiary education, entrepreneurship and/ or employment.

Click here for the abridged financial statements.

Click here for the Auditor’s letter.

 

Posted in Annual Report 2018.

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