Overview The SHR raises funds from various sources to support SANParks through a jointly approved wish list process. The results for the year depend on the revenue generated and the level of expenditure on the wish list items noted above. The surplus for the year ended 31 March 2024, after the distribution of funds for these wish list items, amounted to R2 516 075 (2023: R462 484). Revenue generation continued increasing in the 2024 financial year, amounting to R28 761 402 (2023: R20 504 150). This was mainly due to an increase in donations received and fundraising projects. Revenue on fundraising projects amounted to R20 467 114 (2023: R14 370 805). Donations amounted to R6 189 100 (2023: R 4 424 564) Cash reserves increased to R 30 103 740 (2023: R26 792 642) primarily resulting from increased amounts received in advance for fundraising events to be held after the year-end. Annual financial statements Summary financial statements The summary financial statements presented below comprise a summary of the audited financial statements of the organisation for the year ended 31 March 2024. The audited financial statements, prepared by Woest Malan Wenhold Inc, were approved by the Board on 24 July 2024 and a copy is available on our website (www.sanparksvolunteers.org). Basis of preparation The annual financial statements were prepared on a going concern basis in accordance with IFRS for SMEs, and in compliance with the applicable requirements of the Non-Profit Organisations Act 71 of 1997. These financial statements were prepared on the historical cost basis and are presented in South African Rand. The accounting policies are consistent with the previous financial year. The summary financial statements presented below should be read with the audited financial statements of the organisation for the year ended 31 March 2024. Summarised statement of financial position 31 March 2024 R 31 March 2023 R ASSETS: Property, plant and equipment 374 402 219 358 Trade and other receivables 7 790 872 6 394 429 Cash and cash equivalents 30 103 740 26 792 642 Total assets 38 269 014 33 406 429 EQUITY AND LIABILITIES: Equity: Accumulated surplus 29 680 012 27 163 937 Current liabilities: Trade and other payables 8 589 002 6 242 492 Total equity and liabilities 38 269 014 33 406 429 FINANCIAL REPORT SANParks Honorary Rangers 2024 52 Finance
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