|||Page||
|---|---|---|---|
|Reference and Administrative
Details||||
|Report ofthe Trustees|2|to|4|
|Report ofthe Independent
Auditors|5|to|8|
|Statement ofFinancial Activities||||
|Balance Sheet||||
|Cash Flow Statement||||
|Notes to the Cash Flow Statement||12||
|Notes to the Financial Statements|13|to|20|
##
|TRUSTEES|G Lubner CEO||||
|---|---|---|---|---|
||EBeinart Chief Execunve||||
||LBergman Management|||Consultant|
||K De Gier-Formanek||CEO||
||JA Julyan Barrister||||
||N Olsha Solicitor||||
||H W Sinclair Business||Development||
|COMPANY SECRETARY|Stonehage
Fleming|Services Limited|||
|REGISTERED OFFICE|15 Suffolk Street||||
||London||||
||SW IY4HG||||
|REGISTERED COMPANY|04769362 (England|and Wales)|||
|NUMBER|||||
|REGISTERED CHARITY|1101556||||
|NUMBER|||||
|AUDITORS|Grant Harrod Lerman||Davis LLP||
||Chartered
Accountants||||
||Statutory
Auditors||||
||1st Floor||||
||Healthaid
House||||
||Marlborough
Hill||||
||Harrow||||
||Middlesex||||
||HA1 1UD||||
|LEGAL ADVISORS|Maitland &Co||||
||5th Floor||||
||44-48 Dover Street||||
||London||||
||Wls 4NX||||
|BANKERS|Barclays Bank||||
||68 Evington Rd||||
||Leicester||||
||LE2 1HJ||||
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|||||||2022|2021|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||fund|funds|funds|funds|
||||Notes|f|||f|
|INCOME|AND ENDOWMENTS FROM|||||||
|Donations|and legacies||2|1,289,388|1,258,277|2,547,665|2,886,930|
|Investment|income||3|33,974||33,974|260|
|Total||||1,323,362|1,258,277|2,581,639|2,887,190|
|EXPENDITURE ON||||||||
|Charitable|activities|||||||
|Charitable|expenditure|||1,387,366|1,258,277|2,645,643|1,660,962|
|Raising funds||||113,504||113,504|84,647|
|Total||||1,500,870|1,258,277|2,759,147|1,745,609|
|NET INCOME/(EXPENDITURE)||||(177,508)||(177,508)|1,141,581|
|RECONCILIATION||OFFUNDS||||||
|Total funds|brought
forward|||1,461,397||1,461,397|319,816|
|TOTAL FUNDS CARRIED FORWARD||||1,283,889||1,283,889|1,461,397|
##
|||||2022|2021|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||fund|funds|funds|funds|
||Notes||f|f.||
|CURRENT ASSETS||||||
|Debtors|7|1,162,205||1,162,205|513,283|
|Cash at bank||128,36]||128,361|952,914|
|||1,290,566||1,290,566|1,466,197|
|CREDITORS||||||
|Amounts
falling due within one year|8|(6,677)||(6,677)|(4,800)|
|NET CURRENT ASSETS||1,283,889||1,283,889|1,461,397|
|TOTAL ASSETSLESSCURRENT||||||
|LIABII ITIES||1,2$3,889||1.283.$89|1,461,397|
|NET ASSETS||1,2$3,$89||1,283,889|1,461,397|
|FUNDS||||||
|Unrestricted
funds||||1,283,889|1,461,397|
|TOTALFUNDS||||1,283,889|1,461,397|
##
||||f|or the year ended 3|1December 2022||
|---|---|---|---|---|---|---|
||||||2022|2021|
|||||Notes||f|
|Cash llows from operating|activities||||||
|Cash generated
from operations||||I|(858,527)|681,431|
|Net cash (used in)/provided|by|operating||activities|(858,527)|681,431|
|Cash flows from investing|activities||||||
|Interest received|||||33,974|260|
|Net cash provided
by investing||activities|||33,974|260|
|Change in cash and cash equivalents|||in||||
|the reporting period|||||(824,553)|681,691|
|Cash and cash equivalents|at|the|||||
|beginning
ofthe reporting|period||||952,914|271,223|
|Cash and cash equivalents|at|the end|of||||
|the reporting
period|||||128,361|952,914|
##
##
|OPERATING ACTIVITI|ES||||
|---|---|---|---|---|
||||2022|2021|
|Net (expenditure)/income|for the reporting|period (as per the|||
|Statement ofFinancial Activities)|||(177,508)|1,141,581|
|Adjustments
for:|||||
|Interest received|||(33,974)|(260)|
|Increase in debtors|||(648,922)|(459,890)|
|Increase in creditors|||1,$77||
|Net cash (used in)/provided|by operations||(858,527)|681,431|
##
|ANALYSIS OF CHANGES IN NET|FUNDS|||
|---|---|---|---|
||At 1.1.22|Cash flow|At 31.12.22|
|Net cash||||
|Cash at bank|952,914|(824,553)|128,361|
||952,914|(824,553)|128,361|
|Total|952,914|($24,553)|128,361|
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|2.|DONATIONS|AND LEGACIES|AND LEGACIES|||
|---|---|---|---|---|---|
|||||2022|2021|
||Donations|||2,547,665|2,886,930|
|3.|INVESTMENT||INCOME|||
|||||2022|2021|
||Deposit account||interest|33,974|260|
|4.|CHARITABLE||ACTIVITIES COSTS|||
||||||Direct|
||||||Costs|
||Charitable
expenditure||||2,645,643|
||Raising
funds||||113,504|
||||||2,759,147|
##
##
##
|There
were
no
trustees'
expenses
paid
for
the year
ended
31 December
20
31 December 2021.|There
were
no
trustees'
expenses
paid
for
the year
ended
31 December
20
31 December 2021.|There
were
no
trustees'
expenses
paid
for
the year
ended
31 December
20
31 December 2021.|22 nor
for th|e
year
ende|
|---|---|---|---|---|
|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES|||||
|||Unrestricted|Restricted|Total|
|||fund|funds|funds|
|||f|f|f|
|INCOME|AND ENDOWMENTS FROM||||
|Donations|and legacies|1,384,977|1,501,953|2,886,930|
|Investment|income|260||260|
|Total||1,385,237|1,501,953|2,$87,190|
|EXPENDITURE ON|||||
|Charitable|activities||||
|Charitable|expenditure|845,594|815,368|1,660,962|
|Raising funds||84,647||84,647|
|Total||930,241|815,368|1,745,609|
|NET INCOME||454,996|686,585|1,141,581|
|Transfers|between funds|686,585|(6$6,585)||
|Net movement
in funds||1,141,581||1,141,581|
##
|||for the year ended 31December|2022|2022|||
|---|---|---|---|---|---|---|
||COMPARATIVES|FOR THE STATEMENT OF FINANCIAL|ACTIVITIES||- continued||
||||Unrestricted||Restricted|Total|
|||||fund|funds|funds|
||RECONCILIATION|OF FUNDS|||||
||Total funds brought
forward||319,816|||319,816|
||TOTAL FUNDS CARRIED FORWARD||1,461,397|||1,461,397|
|7.|DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR||||||
||||||2022|2021|
|||||||f|
||Other debtors||||778,770||
||Prepayments
and accrued income||||383,435|513,283|
||||||1,162,205|513,283|
|g.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR||||||
||||||2022|2021|
||Social security and other taxes||||536||
||Other creditors||||321||
||Accrued expenses||||5,820|4,800|
||||||6,677|4,800|
|9.|MOVEMENT IN FUNDS||||||
||||||Net||
||||||movement|At|
||||At|1.1.22|in funds|31.12.22|
||||||f||
||Uarestricted
funds||||||
||General
fund|1,461,397|||(177,508)|1,283,889|
||TOTAL FUNDS|1,461,397|||(177,508)|1,283,889|
##
##
##
|||||Incoming|Resources|Movement|
|---|---|---|---|---|---|---|
|||||resources
f,|expended
f|in funds
f|
|Unrestricted
funds|||||||
|General
fund||||1,323,362|(1,500,870)|(177,50$)|
|Restricted
funds|||||||
|Agripreneurship||||1,689|(1,689)||
|Core - ECD/CYD/YAP/Nutrition/360|||||||
|Social Services||||42,489|(42,489)||
|Technology
Transforms|Lives|||180,907|(180,907)||
|Sustainable
Solutions||||498,499|(498,499)||
|Belron||||35,217|(35,217)||
|Salesforce Training &|Licenses|||21,940|(21,940)||
|The Duke ofEdinburgh|International||||||
|Award Initiative||||52,040|(52,040)||
|KZN Relief Fund||||2,500|(2,500)||
|Virtual SOBCMerchandise||||4,441|(4,441)||
|Grow ForLife||||418,555|(418,555)||
|||||1,258,277|(1,258,277)||
|TOTAL FUNDS||||2,581,639|(2,759,147)|(177,508)|
|Comparatives
for movement||in funds|||||
|||||Net|Transfers||
|||||movement|between|At|
||||At 1.1.21|in funds|fundsf|31.12.21|
|Unrestricted
funds|||||||
|General
fund|||319,816|454,996|686,585|1,461,397|
|Restricted funds|||||||
|Agripreneurship||||90,495|(90,495)||
|Core - ECD/CYD/YAP/Nutrition/360|||||||
|Social Services||||663,561|(663,561)||
|Technology
Transforms|Lives|||(25,412)|25,412||
|Sustainable
Solutions||||(50,244)|50,244||
|Boreholes||||5,800|(5,$00)||
|Food Relief||||2,385|(2,385)||
|||||686,585|(686,585)||
|TOTAL FUNDS|||319,816|1,141,581||1,461,397|
##
##
|||||Incoming|Resources|Movement|
|---|---|---|---|---|---|---|
|||||resources|expended|in funds|
|Unrestricted
funds|||||||
|General
fund||||1,385,237|(930,241)|454,996|
|Restricted funds|||||||
|Agripreneurship||||91,714|(1,219)|90,495|
|Digital Commons|and Learning||Libraries|58,670|(58,670)||
|Core - ECD/CYD/YAP/Nutrition/360|||||||
|Social Services||||836,239|(172,678)|663,561|
|Technology
Transforms||Lives||7,065|(32,477)|(25,412)|
|Sustainable
Solutions||||500,000|(550,244)|(50,244)|
|Boreholes||||5,800||5,800|
|Food Relief||||2,465|($0)|2.385|
|||||1,501,953|($15,368)|6$6,585|
|TOTAL FUNDS||||2,887,190|(1,745,609)|1,141,581|
|Restricted funds:-|||||||
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