The independently audited accounts for 2023/24 for Yomelelani ECD were approved at their AGM September 2024.
Revenues 2023/24 (Rand)
The key sources of income in 2023/24, totalled R3,192,000 and included
- Government Social and Department of Education Grants – R1,430,000
- School fees paid by parents – R377,000
- South Africa donors – R300,000
- South African Sponsors (principally Spar and Aquinion) – R259,000
- The UK based Yomelelani Trust – R826,000
Key Expenditure: 2022-23
Expenditure in 2023/24 totalled R3,105,000 (excluding depreciation) and covered the following costs
- Employee Expenses – salaries, pension contributions, training – R2.22m (74.6% of costs)
- Food Costs – R298,000
- Municipal Costs including electricity – R72,000
- Maintenance, vehicle, security costs and repair costs – R187,000
- Admin, Insurance, Audit, Stationary and other costs – R196,000
Depreciation which is a non cash item totalled R72,000.
Conclusion:
If standards are to be maintained at the School and a sustainable long term position achieved the regular donor base must be expanded both in South Africa and overseas.
Please do consider if you are able to Donate
