Southern Africa Youth Project is a registered non-profit company with registrations in South Africa. Southern Africa Youth Project has its headquarters in the City of Johannesburg, Gauteng Province in South Africa.
We are registered as a Non-Profit Company in terms of section 71 of Companies Act. Southern Africa Youth Project is obliged in terms of this act to have Directors and Non-Executive Directors who serves as overseers of the work that is being done for communities. Southern Africa Youth Project complies with the Public Finance Management Act.
Southern Africa Youth Project complies to the following:
International Accounting Standards
Southern Africa Youth Project manages its finances in line with the International Accounting regulations therefore we use online Accounting Systems supported by physical papers. Southern Africa Youth Project ensures that it keeps all records of expenditures in line with the donors who are supporting us
Non-Profit Act and Companies Act
Southern Africa Youth Project is registered by three (3) authorities. It is registered as a Non-Profit Organisation in terms of Non-Profit Act of 1997. The registration has been done with the Department of Social Development.
Labour Relations and Employment Equity:
Southern Africa Youth Project complies with country labour relations. Therefore, we ensure that we comply with Basic Conditions of Employment Act, Employment Equity, Labour Relations, Department of Labour regulations to ensure that we are in line and follow any updates as per specified by countries
Southern Africa Youth Project is managed by a Constitution and Memorandum of Incorporation which is supported by the internal policies, procedures and systems that the organisation is using to implement its operations.
Non-Profit Act and Companies Act:
Southern Africa Youth Project has been registered as a Non-Profit Company in terms of Companies Act. The organisation has been registered with CIPC in South Africa.
Southern Africa Youth Project deducts amounts as per country tax authorities this is to ensure that our employees declare their incomes to governments and national revenue services
Public Benefit Act:
Southern Africa Youth Project is registered as a Public Benefit Organisation in terms of Section 18A. Therefore, all of the organisations funds and income goes for public benefit.
Public Finance Management Act
Southern Africa Youth Project understands that the funds we are using are the for the public. Therefore we need to account to the public and ensure that all contributions giving to us are using only for the benefit of the public
Income Tax Act:
Southern Africa Youth Project is registered for Income Tax. We declare our income to the Revenue Services on an annual basis.
Since Southern Africa Youth Project is a Tax Exempt Institution we benefit from relief from Income Tax, organisational tax and property taxes.
All records of the organisation are always available for scrutiny by the public
National Qualification Frameworks:
Southern Africa Youth Project uses qualified and experienced staff members to manage its operations
Southern Africa Youth Project is registered as a Tax Exempt Non-Profit Organisation. When we received a donation from Companies, Trusts, Governments, Individuals all of them receives reduced tax income. Our Tax Exemption Status provides companies from tax, reduced rates, or tax on their contribution to Southern Africa Youth Project.
Southern Africa Youth Project conducts its operations in an open manner which means that the organisation does not have anything to hide. We do not keep anything confidential from bank statements, transactions, expenditure records, financials, operations, programmes and all the operations of the organisation