SFM Report_21.9.2021

WESSA SFM REPORT

FINANCIAL RESULTS

GROUP RESULTS INCLUDING BUSH PIGS FOR THE 5 MONTHS ENDED 26 AUGUST 2021

WESSA Group incl. Bush pigs Actual results

26 Aug 2021 YTD

Sustainable

Schools &

Education

Services

Tourism

Training

Centres

Support

TOTAL

Youth

Actual

3,008,404

526,086 1,931,506 1,326,508 1,599,647

8,392,151

Budget

2,392,569 1,011,435 2,760,139 1,167,890 3,496,939 10,828,972

Variance

615,835 -485,349 -828,633

158,618 -1,897,292 -2,436,821

INCOME

% of Total Inc

36%

6%

23% 16%

19%

Actual

1,705,266 1,141,684 604,777 2,496,654 2,460,866

8,409,247

Budget

1,338,696 1,142,685 1,109,648 3,423,078 3,031,096 10,045,203

Variance

-366,570

1,001 504,871

926,424

570,230

1,635,956

EXPENSES

% of Total Exp

20%

14%

7%

30%

29%

Actual

1,303,138 -615,598 1,326,729 -1,170,146 -861,219

-17,096

Budget

1,053,873 -131,250 1,650,491 -2,255,188

465,843

783,769

SURPLUS /

Variance

249,265 -484,348 -323,762 1,085,042 -1,327,062

-800,865

(DEFICIT)

The GROUP (including Bush Pigs) deficit of R17 096 is significantly higher than the budgeted surplus of R783 769, posting a negative variance of R800 865. The Schools & Youth (S&Y) and Training units posted a surplus of R1 303 138. and R1 326 729 YTD, respectively. All other units posted a deficit.

SCHOOLS & YOUTH

The unit made a surplus above budget due to project income received from projects which were signed after budget. These projects are Italtile, Bawin, Glencore and Nedbank. Expenses also increased due to salaries related to the new projects secured.

SUSTAINABLE TOURISM

The sustainable tourism unit has not been able to reach budget due to the delay of signing the Childhood Foundation project a new application has been made with start date proposed for January