ELRC 202324 Annual Report

Financial Statements for the year ended 31 March 2024 EDUCATION LABOUR RELATIONS COUNCIL | 2023/24 ANNUAL REPORT

NOTES TO THE ANNUAL FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 (cont.)

Note 16

2024 R

2023 R

Fulltime Shopsteward expenses

International expenses

2 630 571

663 676

Employee cost

1 524 170

381 078

Local expenses

5 771 668

4 024 355

9 926 409

5 069 109

Note 17

Going concern

The annual financial statements have been prepared on the basis of accounting policies applicable to a going concern organisation. This basis presumes that funds will be available to finance future operations, that the realisation of assets, settlement of liabilities, contingent obligations and commitments will occur in the ordinary course of business.

Note 18

Events after reporting period

No significant events have occurred subsequent to the reporting period.

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