Overview from Our Treasurer:

Notes on our Financial Position for the 2011 Biennial  Report

At the outset , allow us to record our appreciation to all our partners, donors and friends who support the work of the SANCB through their financial contributions. Times are tough and we rely on the faithfulness of our supporters. We record special thanks to our individual donors who maintained their commitment to the SANCB. The fundraising landscape has changed tremendously and we are constantly reviewing our resource generation strategies to meet the new challenges. We reflect a slight drop in income from fundraising over the two year period.

We have now consolidated our accounts and have brought the income from the Lottery directly into the 2011 year financials.

We are in the people business and require qualified people and as expected staff costs increased over the two years by 23%. As a responsible employer, we will meet all reasonable demands for increases, but need to be aware that with limited funds we have to be very prudent in allocation of resources.

Cash and cash equivalents dropped by some 43% over the two years indicating a whittling away of security for the future. We have to realign our spending patterns to meet this challenge and ensure financial stability.

Regards,
Philip Bam

Council's Financial Statements for 2010/2011

Overview from Our Treasurer: Notes on our Financial Position for the 2011 Biennial Report

At the outset , allow us to record our appreciation to all our partners, donors and friends who support the work of the SANCB through their financial contributions. Times are tough and we rely on the faithfulness of our supporters. We record special thanks to our individual donors who maintained their commitment to the SANCB. The fundraising landscape has changed tremendously and we are constantly reviewing our resource generation strategies to meet the new challenges. We reflect a slight drop in income from fundraising over the two year period.

We have now consolidated our accounts and have brought the income from the Lottery directly into the 2011 year financials.

We are in the people business and require qualified people and as expected staff costs increased over the two years by 23%. As a responsible employer, we will meet all reasonable demands for increases, but need to be aware that with limited funds we have to be very prudent in allocation of resources.

Cash and cash equivalents dropped by some 43% over the two years indicating a whittling away of security for the future. We have to realign our spending patterns to meet this challenge and ensure financial stability.

Regards,
Philip Bam