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WESSA SFM REPORT

2

Reduction in projects secured

Strategic review process to guide new focus areas and business opportunities

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4. UNIT ANALYSIS 2021/2022

ACTUAL vs BUDGET

For the month ended 26 April 2021

Support Services

Sustainable Tourism

Schools & Youth

Work Skills

Education centres

Total

Income

90 146

122 064

538 859 681 187 161 800 1 594 056

Budget

497 960

141 318

458 689 929 369 552 788 2 580 124

-407 814 -19 254 80 170 -248 182 -390 988

Variance

-986 068

Expenses

551 461

234 142

312 107 129 301 294 681 1 521 692

Budget

670 097

265 577

258 896 206 374 568 121 1 969 065

-118 636 -31 435 53 211 -77 073 -273 440

Variance

-447 373

Surplus/(Deficit)

-461 315

-112 078

226 752 551 886 -132 881

72 364

Budget

-172 137

-124 259

199 793 722 995 -15 333 611 059

-289 178 12 181 26 959 -171 109 -117 548

Variance

-538 695

SUPPORT SERVICES

The support services unit is not in line with the budget, this is due to membership income which was not scheduled properly in the budget. The budgeted income should ’ ve been spread out over six months but was instead budgeted into the first period only.

SUSTAINABLE TOURISM

The unit is slightly over budget, expenses were within budget and the income was less than budgeted. This is due to projects in the pipeline which have not materialise. The unit is projected to pick up in upcoming months once it starts receiving registration fees.

SCHOOLS & YOUTH

A great performance from the unit for the first period of the financial year. Project income is higher than budgeted due to projects like Italtile, Ceramics and AECI which weren’t in cluded in the budget. Expenses were slightly higher than budgeted due to a salary expenses being higher than budgeted.