Annual Reports – 2020-2021 SAINT Honorary Treasurer’s Report
1. OVERVIEW
SAINT has made a profit of R 33 208,00 for the past year (January 2021 –December 2021).
2. INCOME
SAINT’s income for the 2021 financial year, compared with previous financial years, was as follows. The only sources of income were membership fees.
| Financial Year | 2019 | 2020 | 2021 |
| Membership | 162 000 | 172 500 | 124 400 |
| Conference Income | 850 | – | – |
| Sponsorship | – | – | – |
| Investment | 13 569 | 3 533 | 131 |
| Other | – | – | – |
| Total Income | 176 419 | 176 033 | 124 531 |
- EXPENSES
SAINT’s expenses for the 2021 financial year, compared with previous financial years, were as follows. All expenses were within budget, the only expense not budgeted for in 2021 was the replacement of the SAINT Laptop
| Financial Year | 2019 | 2020 | 2021 |
| Accounting | 4 965 | 5 220 | 5 425 |
| Communication | 6 683 | 5 455 | 4 615 |
| Investment Admin | – | – | – |
| Marketing | – | – | |
| Office Expenses | 4 898 | 8 414 | 11 845 |
| Refreshment | 7 499 | 3 032 | 491 |
| Salaries | 80 460 | 70 000 | 63 000 |
| Strategy Sessions | – | – | – |
| Subscriptions | 6 490 | – | – |
| Travel | 740 | – | – |
| Website & Media | 12 917 | 18 147 | 9 316 |
| Other | – | – | |
| Conferences | – | – | – |
| Yearbook | – | – | – |
| World Conf | – | – | – |
| Total Expenses | 124 652 | 110 268 | 94 692 |
- PROFITS AND LOSSES
SAINT’s profit for the 2021 financial year, compared with previous financial years, is as follows:
| Financial Year | 2019 | 2020 | 2021 |
| Income | 176 419 | 176 033 | 127 900 |
| Expenses | 124 652 | 110 268 | 94 692 |
| Profit/Loss | 51 767 | 65 765 | 33 208 |
- STATEMENT OF FINANCIAL POSITION
SAINT’s financial position at the end of the 2020 financial year was as follows:
- 2022 OPERATING BUDGET
A budget for 2022 was provisionally approved by Council on 3 March 2022 and it was formally approved by the members of SAINT at the Annual General Meeting on 17 March 2022. The main objectives of the budget were to maintain a balance between operational income (membership fees) and operational expenses.
The SAINT budget is published under a separate cover.
- FINANCIAL CONTROLS
Monthly financial reports (income statement and cash flow) are published and reviewed by council at each meeting.
- CONCLUSION
SAINT is financially sound and has maintained its profitability that was started in 2017 / 2018.
Natasha van der Walt
Treasurer
03 March 2022