From the CEO Neftaly Malatjie
SayPro has walked a long journey where we have seen ourselves changing how we do things. The reason for that is we are young, we want to move on with time.
In SayPro leadership, we have always been asked by the team the following questions
- What is the future of the organization in these tough economic times?
- How do we find ourselves in the next 10 years?
- Technology is transforming every day. How do we keep up with the pressure?
- We operate in communities that are risky in terms of crime and poverty. What if they break in and take away the technology that we use?
We at SayPro have embarked on a strategy where we want to enable Girls and Youth to use technology for their advancement. The whole aim behind this is to ensure that girls are fully equipped with the knowledge and skills to use the ever-changing technology.
We could not have done this without the support of the government departments, corporate businesses, and individuals who have contributed time, money, and resources. We would like to acknowledge the staff and volunteers of SayPro who have spent all the year meeting the youth who have gone into SayPro programs by sharing the skills, knowledge, the vision. We could have not done it without them.
We would also like to thank the board who have contributed with challenging the executive management to ensure that they stick to the vision, innovate, and are sustainable.
SayPro is very grateful to all of you and we are happy to present this report which will give you more information on how we have performed in this financial year.
FROM THE GENERAL MANAGER
SayPro has traveled a long journey where we have seen so many young people changing the way they think about themselves. We have seen young people becoming independent without relying on their families for survival.
We have seen SayPro strengthening families where some of the beneficiaries were separated from their families. Today SayPro has empowered thousands of youth from Limpopo and Gauteng.
We acknowledge all the partners who have filled the puzzle where they have contributed with money, resource, and time towards the organization.
On behalf of SayPro beneficiaries, we are very grateful to still be your partners, we invite companies and individuals to visit SayPro centers to see the work that we do in communities.
|DYP Overall Stats – 2016/4/1 – 2017/3/31|
|1e. NUMBER OF BENEFICIARIES SERVICED|
|2. TOTAL NUMBER OF HOUSEHOLD MEMBERS|
|Household members (incl. non-clients)||1861||1016||2877|
|3a. PARTICIPANTS PER PROGRAMTYPE|
|SayPro Skills Development||1519||621||2140|
|SayPro Youth Development||653||493||1146|
|3b. PARTICIPANTS IN PROGRAMS|
|Advice and Referral||394||176||570|
|School Entrepreneurship (Sevissa)||152||50||202|
|Afternoon Care Program||54||61||115|
|Jobs & Opportunities||82||36||118|
|Youth who got jobs||501||388||889|
|4. CLIENTS PER VILLAGE / SUBURB|
|Diepsloot Ext 14||48||16||64|
|Diepsloot Ext 01||189||104||293|
|Diepsloot Ext 02||98||95||193|
|Diepsloot Ext 03||31||16||47|
|Diepsloot Ext 04||173||73||246|
|Diepsloot Ext 05||218||110||328|
|Diepsloot Ext 06||266||138||404|
|Diepsloot Ext 07||136||77||213|
|Diepsloot Ext 08||32||11||43|
|Diepsloot Ext 09||48||21||69|
|Diepsloot Ext 10||146||72||218|
|Diepsloot Ext 11||50||20||70|
|Diepsloot Ext 12||37||22||59|
|Diepsloot Ext 13||14||13||27|
|5. CLIENTS PER DISTRICT|
|6. AGE GROUPS|
|Age 0 – 17 years old||138||51||189|
|Age 18 – 22 years old||401||202||603|
|Age 23 – 35 years old||1080||566||1646|
|over 35 years old||122||69||191|
|Diepsloot Secondary 3||65||20||85|
|Itireleng Zenzele Comprehensive High School||45||5||50|
|Rabasotho Combined School||34||19||53|
|10. PROGRAM MEETINGS – NUMBER OF MEETINGS HELD|
|Number of meetings held||183|
|11. PROGRAM MEETINGS – PARTICIPANTS AT MEETINGS|
|21. STAFF BEFORE|
|Staff before 2016/4/1||46||30||76|
|Staff at 2017/3/31||49||29||78|
|24. NUMBER OF STAFF THIS PERIOD|
|25. STAFF PER DEPARTMENT/JOBTITLE|
|— Unknown – — Unknown||2||2|
|Advice Desk Officer||2||2|
|Media and Communication Officer||1||1|
|Youth Development Coordinator||1||1|
|Marketing and Fundraising||1||1|
|Media and Communication Officer||1||1|
|Marketing and Fundraising||1||1|
|26. TOTAL STAFF PER DEPARTMENT|
From the Financial Manager
We are happy to present this financial report to give you a clue of how we have performed in the year 2017. SayPro has performed 50% lower than it did in 2016.
Please find the report below
Keamogetswe Toka: Finance-SayPro
Country of incorporation and domicile South Africa
Nature of business and principal activities No restriction on business activities
|Registered office||4212 Shark Street
Extension 10 2189
|Postal address||6863 Peach Road
Extension 10 2189
|Bankers||First National Bank|
|Compiler||Quantum Auditors Incorporated
Chartered Accountants (S.A.)
|Company registration number||2015/111519/08|
|Level of assurance||These annual financial statements have not been audited or independently reviewed.|
|Preparer||The annual financial statements were internally compiled by:
1.2.3. Consulting Proprietary Limited
represented by: B Szoke, Professional Accountant (SAIPA)
|Issued||30 November 2017|
Directors’ Responsibilities and Approval
The directors are required by the Companies Act No.71 of 2008, to maintain adequate accounting records and are responsible for the content and integrity of the annual financial statements and related financial information included in this report. It is their responsibility to ensure that the annual financial statements fairly present the of the company as at the end of the financial year and the results of its operations and cash flows for the period then ended, in conformity with the International Financial Reporting Standard for Small and Medium-sized Entities.
The annual financial statements are prepared in accordance with the International Financial Reporting Standard for Small and Medium-sized Entities and are based upon appropriate accounting policies consistently applied and supported by reasonable and prudent judgments and estimates.
The directors acknowledge that they are ultimately responsible for the system of internal financial control established by the company and place considerable importance on maintaining a strong control environment. To enable the directors to meet these responsibilities, the board sets standards for internal control aimed at reducing the risk of error or loss in a cost-effective manner. The standards include the proper delegation of responsibilities within a clearly defined framework, effective accounting procedures, and adequate segregation of duties to ensure an acceptable level of risk.
These controls are monitored throughout the company and all employees are required to maintain the highest ethical standards in ensuring the company’s business is conducted in a manner that in all reasonable circumstances is above reproach. The focus of risk management in the company is on identifying, assessing, managing, and monitoring all known forms of risk across the company.
While operating risk cannot be fully eliminated, the company endeavors to minimize it by ensuring that appropriate infrastructure, controls, systems, and ethical behavior are applied and managed within predetermined procedures and constraints.
The directors are of the opinion, based on the information and explanations given by management, that the system of internal control provides reasonable assurance that the financial records may be relied on for the preparation of the annual financial statements. However, any system of internal financial control can provide only reasonable, and not absolute, assurance against material misstatement or loss.
The directors have reviewed the company’s cash flow forecast for the year to 31 March 2018 and, in the light of this review and the current financial position, they are satisfied that the company has or has access to adequate resources to continue in operational existence for the foreseeable future.
The annual financial statements set out on pages 5 to 13, which have been prepared on the going concern basis, were approved by the board.
Practitioner’s Compilation Report
To SayPro NPC
We have compiled the Annual Financial Statements of SayPro NPC, as set out on pages 6 – 12, based on the information you have provided. These Annual Financial Statements comprise the statement of financial position of SayPro NPC as at 31 March 2017, the statement of comprehensive income, statement of changes in equity and statement of cash flows for the year then ended, and a summary of significant accounting policies and other explanatory information.
We performed this compilation engagement in accordance with International Standard on Related Services 4410 (Revised), Compilation
We have applied SayPro expertise in accounting and financial reporting to assist you in the preparation and presentation of these Annual Financial Statements in accordance with the International Financial Reporting Standard for Small and Medium-sized Entities. We have complied with relevant ethical requirements, including principles of integrity, objectivity, professional competence and due care.
These Annual Financial Statements and the accuracy and completeness of the information used to compile them are your responsibility.
Since a compilation engagement is not an assurance engagement, we are not required to verify the accuracy or completeness of the information you provided to SayPro to compile these Annual Financial Statements. Accordingly, we do not express an audit opinion or a review conclusion on whether these Annual Financial Statements are prepared in accordance with the International Financial Reporting Standard for Small and Medium-sized Entities.
30 November 2017: Fourways
The directors have pleasure in submitting their report on the annual financial statements of SayPro NPC for the year ended 31 March 2017.
The company was incorporated on 30 March 2015 and obtained its certificate to commence business on the same day.
2. Nature of business
SayPro NPC was incorporated in South Africa and is a non-profit company involved in community upliftment.
There have been no material changes to the nature of the company’s business from the prior year.
Review of financial results and activities
The annual financial statements have been prepared in accordance with International Financial Reporting Standard for Small and Medium- sized Entities and the requirements of the Companies Act No.71 of 2008. The accounting policies have been applied consistently compared to the prior year.
Full details of the financial position, results of operations and cash flows of the company are set out in these annual financial statements.
The directors in office at the date of this report are as follows:
There have been no changes to the directorate for the period under review.
No special resolutions, the nature of which might be significant to the shareholder in their appreciation of the company were made by the company during the period covered by this report.
Events after the reporting period
The directors are not aware of any material event which occurred after the reporting date and up to the date of this report.
Presentation of annual financial statements
The annual financial statements have been prepared in accordance with the International Financial Reporting Standard for Small and Medium-sized Entities, and the Companies Act No.71 of 2008. The annual financial statements have been prepared on a historical cost basis, except for biological assets at fair value less point of sale costs, and incorporate the principal accounting policies set out below. They are presented in South African Rands.