2018 Budget

With few exceptions, SMYLe has been principally funded by donations from the small sustainability assurance consultancy owned and operated by SMYLe’s Founding Trustee. Integrated Reporting & Assurance Services (IRAS) is essentially the means to Michael’s development funding ends, although the past 10 years has proven that Michael’s contributions are insufficient to meet SMYLe’s full needs.

In 2013, Blue Label Telecoms was a significant donor, covering 50% of the costs of our Maths programme, which at a total cost of R250 000 proved to be excellent value for money, resulting in 62 learners receiving supplemental Maths/Maths Literacy classes three times per week…with a measured performance improvement of over a 30% improvement per learner, and a cohort average grade above 50%.

Unfortunately for SMYLe, Blue Label Telecoms chose to only fund their primary CSI project as from January 2014, leaving SMYLe unable to afford to continue that part of our overall programme.

In 2018, the team at Nelson Mandela Square (Sandton City) has provided SMYLe with much-needed performance space at which teams of performers can busk to help raise funds. With an average profit of just over R1 000 per performance (January through May), SMYLe doesn’t raise a lot of money from busking, but the high cost of transporting the team to Nelson Mandela Square, coupled with the cost of providing up to 16 hungry teenagers with three square meals, have been covered by generous patrons of the Square. From June, SMYLe will sell CDs at busking sessions, with hopes that the team will sell an average of 50 CDs per session (slightly above the average experienced from 2010 to 2013, when the team busked at The Zone in Rosebank). It is through these CD sales that SMYLe will be able to raise much-needed funding to produce two new CDs for launch on Heritage Day (24th of September).

With the redevelopment of SMYLe’s website – including PayPal facilities for selling music downloads and/or collecting donations – SMYLe hopes to be able to source additional financial support.

Where income is not generated by donations and/or music sales, IRAS (i.e., Michael H Rea) will provide the cover the remainder of the costs for SMYLe’s 2018 activities…to a maximum of just over R400 000 (the 9-year average leading up to 2018).

However, the 2018 budget – presented below – covers only what is currently planned for the year. This does not include the goal of being able to hire a Maths teacher as early as 01 September 2018 (R300 000 for a year…including materials, transport and meals), or constructing a purpose-built “SMYLe Centre” where the leadership team can properly store our musical instruments, conduct rehearsals, and provide supplemental Math classes to our learners (R1 000 000 for a basic needs facility…compared to R2 000 000 for what SMYLe truly needs to construct to meet our entire range of objectives).

To assist with this budget, please go to our Donate page.

2018 SMYLe Budget Monthly Annual
EXPENSES
Musical Instrument Repairs 80 000 Repair of 18 marimbas, plus re-tuning of 15 steel pans
New Musical Instruments 40 000 New instruments will only be purchased IF…and only IF…IRAS can afford them
Performer Attire 16 000
Marketing, Branding and Web Presence 25 000 Including ’10 Years’ hats and posters for use at Nelson Mandela Square
Reproduction of 2013 CDs 28 000 Production of older CDs to raise funds to pay for the recording of new CDs
Production of 2018 CDs 60 000 Two new CDs to be produced with 2018 senior performance team members
Project Leader Salaries 6 700 80 400
Homework Club WiFi 1 530 18 360
Homework Club Tutors 60 000 Provision of tutors for Maths and Sciences
Laptops for Academic Achievers 36 000 SMYLe plans to provide up to six new laptops in 2018
January School Supplies 5 000
Rent for a learner’s house 3 000 36 000 SMYLe supports the family of former coach Johnny (deceased)
Annual end-of-year SMYLe Performance Tour 10 000 SMYLe to reward 2018 top performers with a trip to Pilanesberg and Sun City
TOTAL PROJECTED COSTS 11 230 494 760
INCOME
Projected Performance Income 20 000 Profit from bi-weekly busking performances at Nelson Mandela Square
Projected CD Sales Income 70 000 Target sales of 50 CDs per busking session (June to December)
TOTAL PROJECTED INCOME 90 000
Projected Donations from IRAS 404 760

With few exceptions, SMYLe has been principally funded by donations from the small sustainability assurance consultancy owned and operated by SMYLe’s Founding Trustee. Integrated Reporting & Assurance Services (IRAS) is essentially the means to Michael’s development funding ends, although the past 10 years has proven that Michael’s contributions are insufficient to meet SMYLe’s full needs.

In 2013, Blue Label Telecoms was a significant donor, covering 50% of the costs of our Maths programme, which at a total cost of R250 000 proved to be excellent value for money, resulting in 62 learners receiving supplemental Maths/Maths Literacy classes three times per week…with a measured performance improvement of over a 30% improvement per learner, and a cohort average grade above 50%.

Unfortunately for SMYLe, Blue Label Telecoms chose to only fund their primary CSI project as from January 2014, leaving SMYLe unable to afford to continue that part of our overall programme.

In 2018, the team at Nelson Mandela Square (Sandton City) has provided SMYLe with much-needed performance space at which teams of performers can busk to help raise funds. With an average profit of just over R1 000 per performance (January through May), SMYLe doesn’t raise a lot of money from busking, but the high cost of transporting the team to Nelson Mandela Square, coupled with the cost of providing up to 16 hungry teenagers with three square meals, have been covered by generous patrons of the Square. From June, SMYLe will sell CDs at busking sessions, with hopes that the team will sell an average of 50 CDs per session (slightly above the average experienced from 2010 to 2013, when the team busked at The Zone in Rosebank). It is through these CD sales that SMYLe will be able to raise much-needed funding to produce two new CDs for launch on Heritage Day (24th of September).

With the redevelopment of SMYLe’s website – including PayPal facilities for selling music downloads and/or collecting donations – SMYLe hopes to be able to source additional financial support.

Where income is not generated by donations and/or music sales, IRAS (i.e., Michael H Rea) will provide the cover the remainder of the costs for SMYLe’s 2018 activities…to a maximum of just over R400 000 (the 9-year average leading up to 2018).

However, the 2018 budget – presented below – covers only what is currently planned for the year. This does not include the goal of being able to hire a Maths teacher as early as 01 September 2018 (R300 000 for a year…including materials, transport and meals), or constructing a purpose-built “SMYLe Centre” where the leadership team can properly store our musical instruments, conduct rehearsals, and provide supplemental Math classes to our learners (R1 000 000 for a basic needs facility…compared to R2 000 000 for what SMYLe truly needs to construct to meet our entire range of objectives).

To assist with this budget, please go to our Donate page.

2018 SMYLe Budget

EXPENSES

Musical Instrument Repairs
80 000 (Annual)
Repair of 18 marimbas, plus re-tuning of 15 steel pans

New Musical Instruments
40 000 (Annual)
New instruments will only be purchased IF…and only IF…IRAS can afford them

Performer Attire
16 000 (Annual)

Marketing, Branding and Web Presence
25 000 (Annual)
Including ’10 Years’ hats and posters for use at Nelson Mandela Square

Reproduction of 2013 CDs
28 000 (Annual)
Production of older CDs to raise funds to pay for the recording of new CDs

Production of 2018 CDs
60 000 (Annual)
Two new CDs to be produced with 2018 senior performance team members

Project Leader Salaries
6 700 (Monthly) – 80 400 (Annual)

Homework Club WiFi
1 530 (Monthly) – 18 360 (Annual)

Homework Club Tutors
60 000 (Annual)
Provision of tutors for Maths and Sciences

Laptops for Academic Achievers
36 000 (Annual)
SMYLe plans to provide up to six new laptops in 2018

January School Supplies
5 000 (Annual)

Rent for a learner’s house
3 000 (Monthly) – 36 000 (Annual)
SMYLe supports the family of former coach Johnny (deceased)

Annual end-of-year SMYLe Performance Tour
10 000 (Annual)
SMYLe to reward 2018 top performers with a trip to Pilanesberg and Sun City

TOTAL PROJECTED COSTS
11 230 (Monthly) – 494 760 (Annual)

INCOME

Projected Performance Income
20 000 (Annual)
Profit from bi-weekly busking performances at Nelson Mandela Square

Projected CD Sales Income
70 000 (Annual)
Target sales of 50 CDs per busking session (June to December)

TOTAL PROJECTED INCOME
90 000 (Annual)

Projected Donations from IRAS
404 760 (Annual)