|||Page||
|---|---|---|---|
|Report ofthe Trustees|1|to|5|
|Report ofthe Independent<br>Auditors|6|Io|8|
|Statement of Financial Activities||||
|Balance Sheet||10||
|Cash Flow Statement||||
|Notes to the Cash Flow Statement||12||
|Notes tothe Financial Statements|13|to|19|





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|||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted||Endowment|Total|Total|
||||Notes|fund<br>6|funds<br>6||fund<br>f|flinda<br>8|funds|
|Income and endowments||from||||||||
|Donations<br>and legacies|||2|130|1,126||517,398|518,654|882|
|Investment<br>income||||98,790||||98,790|76,601|
|Total||||98,920|1,126||517,398|617,444|77,483|
|Expenditure<br>on||||||||||
|Raising funds|||||||10,253|10,253|8,952|
|Charitable<br>activities||||||||||
|Exchange losses and (gains)||||64||||64|(12)|
|Charitable<br>expenditure||||59,171|1,075|||60,246|115,622|
|Administration||||8,525||||8,525|4,038|
|Total||||67,760|1,075||10,253|79,088|128,600|
|Net gains/(losses)|on|||||||||
|investments|||||||(219,158)|(219,158)|109,717|
|NET INCOME||||31,160||51|287,987|319,198|58,600|
|Reconciliation<br>of|funds|||||||||
|Total funds brought|forward|||47,490||150|2,332,265|2,379,905|2,321,305|
|Total funds carried forward||||78,650|201||2,620,252|2,699,103|2,379,905|





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||||31Ja|nuary 2023||||
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
||||Unrestdictsd|Restricted|Endowment|Total|Total|
||||fund|funds|fund|funds|funds|
|||Notes|6|8||6|6|
|Fixed assets||||||||
|Investments||10|||2,620,252|2,620,252|2,332,265|
|Current assets||||||||
|Debtors|||16,911|201||17,112|2,835|
|Cash atbank|||65,739|||65,739|48,832|
||||82,650|201||82,851|51,667|
|Creditors||||||||
|Amounts<br>falling due within one||||||||
|year||12|(4,000)|||(4,000)|(4,027)|
|Net current|assets||78,650|201||78,851|47,640|
|Total assets|less cunent|||||||
|liabilities|||78,650|201|2,620,252|2,699,103|2,379,905|
|NET ASSETS|||78,650|201|2,620,252|2,699,103|2,379,905|
|Funds||13||||||
|Unrestricted|funds|||||78,650|47,491|
|Restricted funds||||||201|149|
|Endowment<br>funds||||||2,620,252|2,332,265|
|Totalfunds||||||2,699,103|2,379,905|





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||||Cash Flow Statement|||
|---|---|---|---|---|---|
|||for the|Year Ended 31January|2023||
|||||2023|2022|
|||Notes||||
|Cash flows from operating|activities|||||
|Cash generated<br>from operations||||425,326|(128,920)|
|Finance costs paid||||(64)|12|
|Net cash provided<br>by/(used|in) operating|activities||425,262|(128,908)|
|Cash flows from investing|activities|||||
|Non cash movement<br>on investments||||(517,398)||
|Interest received||||190|107|
|Dividends<br>received||||98,600|76,494|
|Expenditure<br>attributable<br>to endowment||||10,253|8,952|
|Net cash (used in)/provided|by investing|activities||(408,355)|85,553|
|Change<br>in cash and cash|equivalents|in||||
|the reporting<br>period||||16,907|(43,355)|
|Cash and cash equivalents|atthe|||||
|beginning<br>ofthe reporting|period|||48,832|92,187|
|Cash and cash equivalents|at the end|of||||
|the reporting<br>pedod||||65,739|48,832|





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||Reconciliation<br>ofn||et income|to net cash flow from operating<br>activities|||
|---|---|---|---|---|---|---|
||||||2023|2022|
||||||8|8|
||Net income forthe||reporting|period (as per the Statement of Financial|||
||Activities)||||319,198|58,600|
||Adjustments<br>for:||||||
||Losses/(gain)<br>on investments||||219,158|(109,717)|
||Interest received||||(190)|(107)|
||Finance costs|||||(12)|
||Dividends<br>received||||(98,600)|(76,494)|
||(Increase)/decrease||in debtors||(14,277)|450|
||Decrease<br>in creditors||||(27)|(1,640)|
||Net cash provided|by/(used||in) operations|425,326|(128,920)|
|2.|Analysis ofchanges||in net funds||||
|||||At 1.2.22<br>f|Cash flow<br>8|At 31.1.23|
||Net cash||||||
||Cash at bank|||48,832|16,907|65,739|
|||||48,832|16,907|65,739|
||Total|||48,832|16,907|65,739|





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||and any ou|tstanding<br>transa|tstanding<br>transa|ctions|||||
|---|---|---|---|---|---|---|---|---|
||Donations|and legacies|||||||
||||||||2023|2022|
||||||||6|0|
||Donations||||||518,443|729|
||Gift aid||||||211|153|
||||||||518,654|882|
|3.|Investment||income||||||
||||||||2023|2022|
||||||||6|8|
||Income from||listed investments||||98,600|76,494|
||Deposit account interest||||||190|107|
||||||||98,790|76,601|
|4.|Raising funds||||||||
||Investment||management|costs|||||
||||||||2023|2022|
||||||||8|8|
||Portfolio management||||||10,253|8,952|
|5.|Charitable|activities costs|||||||
|||||||Grant|||
|||||||funding of|||
|||||||activities|Support||
||||||Dimct|(see note|costs (see||
||||||Costs|6)|note 7)|Totals|
||||||6|8||8|
||Exchange|losses and (gains)|||64|||64|
||Charitable|expenditure||||60,246||60,246|
||Administration||||||8,525|8,525|
||||||64|60,246|8,525|68,835|





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|||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|---|
|||||||||6||
||Charitable|expenditure||||||60,246|115,622|
||The total|grants paid to institutions||||during the year was as follows:||||
|||||||||2023|2022|
|||||||||8|6|
||Pinotage|Youth Development|||Academy|||59,596|114,872|
||The Homestead|||||||50|150|
||Lily ofthe|Valley Children's|||Home|||600|600|
|||||||||60,246|115,622|
|7.|Supportcosts|||||||||
|||||||||Governance||
||||||||Management<br>f|costs<br>6|Totals|
||Administration||||||4,585|3,940|8,525|
||Support costs, included||in|the above, are as follows:||||||
|||||||||2023|2022|
||||||||||Total|
|||||||||Administration|activities|
||Insurance|||||||184|172|
||Computer|costs||||||43|13|
||Travel costs|||||||4,350||
||Bank charges|||||||8|1|
||Auditors'|remuneration||||||3,940|3,852|
|||||||||8,525|4,038|
|8.|Net income/(expenditure)|||||||||
||Net income/(expenditure)|||is|stated|after charging/(crediting):||||
|||||||||2023|2022|
||||||||||6|
||Auditors'|remuneration||||||3,940|3,852|



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|for the Year Ended 31Janu<br>Fixed asset investments|ary 2023|
|---|---|
||Listed|
||investments|
|Market value||
|At 1 February 2022|2,332,265|
|Additions|596,863|
|Disposals|(443,116)|
|Change<br>in Market Value|(230,508)|
|1ransfers<br>into porffolio|517,398|
|Net movement<br>in cash|(152,650)|
|At31 January 2023|2,620,252|
|Net book value||
|At 31 January 2023|2,620,252|
|At31 January 2022|2,332,265|



||As at 31January|2023 the Historical Cost ofthe Fixed Asset Invest|ments<br>was 62,517,488 (2022:E|1,931,730).|
|---|---|---|---|---|
|11.|Debtors: amounts|falling due within one year|||
||||2023|2022|
||||8|6|
||Accrued income|||893|
||Gift Aid receivable||201|1,942|
||Prepayments<br>and|accrued income|16,911||
||||17,112|2,835|





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|12.|Creditors: amounts<br>falling|due|within one|year||||
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
|||||||f|f|
||Other creditors||||||13|
||Accrued expenses|||||4,000|4,014|
|||||||4,000|4,027|
|13.|Movement<br>in funds|||||||
|||||||Net||
|||||||movement|At|
||||||At 1.2.22|in funds|31.1.23|
|||||||6||
||Unresb icted funds|||||||
||General<br>fund||||47,490|31,160|78,650|
||Restricted funds|||||||
||Pinotage<br>Youth Development|Academy||||76|76|
||The Homestead||||30|(25)|5|
||Lily ofthe Valley Children's|Home|||120||120|
||||||150|51|201|
||Endowment<br>funds|||||||
||Expendable<br>Endowment||||2,332,265|287,987|2,620,252|
||TOTAL FUNDS||||2,379,905|319,198|2,699,103|
||Net movement<br>in funds, included||in the above are as follows:|||||
|||||Incoming|Resources|Gains and|Movement|
|||||resources<br>f|expended|losses<br>6|in funds<br>f|
||Unrestricted<br>funds|||||||
||General<br>fund|||98,920|(67,760)||31,160|
||Restricted funds|||||||
||Pinotage<br>Youth Development|Academy||501|(425)||76|
||The Homestead|||25|(50)||(25)|
||Lily ofthe Valley Children's|Home||600|(600)|||
|||||1,126|(1,075)||51|
||Endowment<br>funds|||||||
||Expendable<br>Endowment|||517,398|(10,253)|(219,158)|287,987|
||TOTAL FUNDS|||617,444|(79,088)|(219,158)|319,198|





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||||||Net|Transfem||
|---|---|---|---|---|---|---|---|
||||||movement|between|At|
|||||At 1.2.21<br>6|in funds<br>6|funds<br>f|31.1.22<br>f|
|Unrestricted<br>funds||||||||
|General<br>fund||||89,031|(118,034)|76,494|47,491|
|Restricted funds||||||||
|Pinotage<br>Youth Development||Academy||625|(625)|||
|The Homestead||||29|||29|
|Lily ofthe Valley Children's|Home|||120|||120|
|||||774|(625)||149|
|Endowment<br>funds||||||||
|Expendable<br>Endowment||||2,231,500|177,259|(76,494)|2,332,265|
|TOTAL FUNDS||||2,321,305|58,600||2,379,905|
|Comparative<br>net movement||in funds,|included|in the above are as follows:||||
|||||Incoming|Resources|Gains and|Movement|
|||||resources|expended|losses|in funds|
|||||E|E|6|E|
|Unrestricted<br>funds||||||||
|General<br>fund||||239|(118,273)||(118,034)|
|Restricted funds||||||||
|Pinotage Youth Development||Academy|||(625)||(625)|
|The Homestead||||150|(150)|||
|Lily ofthe Valley Children's|Home|||600|(600)|||
|Endowment<br>funds||||750|(1,375)||(625)|
|Expendable<br>Endowment||||76,494|(8,952)|109,717|177,259|
|TOTAL FUNDS||||77,483|(128,600)|109,717|58,600|





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