SoHK Annual Report 2023 Reduced File Size - Flipbook - Page 25
SoHK’s FINANCES
2023 ANNUAL REPORT
2022/23 FINANCES
Administration
costs are kept as
low as possible,
and cover our office
space, insurance,
bookkeeping and
auditing
Per 2023/24 Audited Financial Statement
Overall budget
R2 425 377
SoHK received a clean financial audit
in 2022/23, as it has in each year of its
existence.
M&E Administrative
8.2%
4%
NxtGenMen delivery
10.8%
Advocacy
1%
SoHK’s budget is largely
concentrated on salaries,
on ensuring that we have
sufficient staff, in the form
of our trained coaches and
mental health
professionals, to provide
the support that our
participants need.
Schools delivery
7.4%
Kit and Equipment
1.7%
Salaries
67%
YEAR TO DATE:
2023/24 FINANCES
Anticipated budget
R3 717 200
100
SoHK’s current financial year
ends at the end of February 2024.
We are on course to fall within our
budget, which is fully funded.
Org. 10%
80
60
NxtGen
Womxn
17%
NxtGen
Men 30%
40
20
0
Schools
43%
Since FY22/23, our budget has
increased substantially, reflecting
the expansion of our schools
programme, the growth of the
NxtGenMen programme and the
introduction of NxtGenWomxn.
This growth in organisational
budget has not diluted our
commitment to realising impact
with each intervention, or to
making effective and efficient use
of our financial resources - at
approximately R4000/per
participant annually in our schools
programme, and R600 per
participant per programme in the
NxtGen programmes
5,000,000
4,000,000
3,000,000
2,000,000
1,000,000
FY21/22
FY22/23
audited
audited
FY23/24 FY24/25
anticipated
anticipated
FY24/250 will bring an additional growth in our budget, as we
FY21/22
FY22/23
FY23/34
FY24/25
seek to expand our footprint even further - we expect to
realise the same, or greater, impact, and to reach more than
6000 people across our 3 programmes.
Efficient approaches to the rollout of NxtGenMen, working
closely with partner organisations, will significantly reduce
the per person costs, while our increased understanding of
the Schools and NxtGenWomxn programmes will realise
additional efficiencies, helping us to reach more people, at a
lower per person cost.
