|Report ofthe Trustees|||1|to|2|
|---|---|---|---|---|---|
|Independent
Examiner's|Report|||||
|Statement
of Financial|Activities|||||
|Balance Sheet||||||
|Notes tothe Financial Statements|||6|to|10|
|Detailed Statement
of Financial||Activities||||
##
##
##
##
##
##
##
##
##
|for the Year Ended 3fgecemb|eQ021||||
|---|---|---|---|---|
||||31.12.21|31.12.20|
||||Unrestricted|Total|
||||funds|funds|
|||Notes|8|6|
|INCOME AND ENDOWMENTS|FROM||||
|Donations
and legacies|||57,658|81,634|
|Charitable
activities|||||
|School fees|||33,790|11,728|
|Total|||91,448|93,362|
|EXPENDITURE ON|||||
|Charitable
activities|||||
|Educational
expenses|||73,303|80,223|
|Establishment
expenses||||888|
|Management
and administration|||15,103|11,783|
|Total|||88,406|92,894|
|NET INCOME|||3,042|468|
|RECONCILIATION
OF FUNDS|||||
|Total funds brought forward|||91,657|91,189|
|TOTAL FUNDS CARRIED FORWARD|||94,699|91,657|
##
|Balance Sheet
31DecembeE021||||
|---|---|---|---|
|||31.12.21|31.12.20|
|||Unrestricted|Total|
|||funds|funds|
||Notes|8|8|
|FIXEDASSETS||||
|Tangible assets||5,408|6,875|
|CURRENT ASSETS||||
|Cash at bank||91,868|87,360|
|CREDITORS||||
|Amounts
falling due within one year||(2,577)|(2,578)|
|NET CURRENT ASSETS||89,291|84,782|
|TOTAL ASSETS LESSCURRENT|LIABILITIES|94,699|91,657|
|NET ASSETS||94,699|~91 657|
|FUNDS||||
|Unrestricted
funds||94,699|91,657|
|TOTAL FUNDS||94,699|91,657|
##
##
##
##
##
##
|31.12.21|31.12.20|
|---|---|
|R|R|
|4778|4,367|
##
##
|The average
monthly
number of|emp|loyees
during the year was as follows:|||
|---|---|---|---|---|
||||31.12.21|31.12.20|
|Staff|||28|29|
|No employees
received emoluments||in excess of R60,000.|||
|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES|||||
|||||Unrestricted|
|||||funds|
|||||R|
|INCOME AND ENDOWMENTS|FROM||||
|Donations
and legacies||||81,634|
|Charitable
activities|||||
|School fees||||11,728|
|Total||||93,362|
|EXPENDITURE ON|||||
|Charitable
activities|||||
|Educational
expenses||||80,223|
|Establishment
expenses||||888|
|Management
and administration||||11,783|
|Total||||92,894|
|NET INCOME||||468|
|RECONCILIATION
OF FUNDS|||||
|Total funds brought forward||||91,189|
|TOTAL FUNDS CARRIED FORWARD||||~91 657|
##
##
##
##
|TANGIBLE FIX|EDASS|ETS|||||
|---|---|---|---|---|---|---|
||||||Fixtures||
|||||Plant and|and||
|||||machinery|fittings|Totals|
|||||2|2|6|
|COST|||||||
|At 1 January
2021 and 31 December 2021||||3,308|13,071|16,379|
|DEPRECIATION|||||||
|At 1 January
2021
Charge for year||||1,470
460|8,034
~1007|9,504
1,467|
|At 31 December|2021|||1,930|9,041|10,971|
|NET BOOK VALUE|||||||
|At 31 December|2021|||1,378|4,030|5,408|
|At 31 December|2020|||1,838|~5037|6,875|
|CREDITORS: AMOUNTS
FALLING DUE WITHIN ONE YEAR|||||||
||||||31.12.21|31.12.20|
||||||2||
|Social security and other||taxes|||1,577|1,578|
|Accrued expenses|||||1,000|1,000|
||||||2,577|2,578|
|MOVEMENTIN|FUNDS||||||
||||||Net||
||||||movement|At|
|||||At 1.1.21|in funds|31.12.21|
||||||2||
|Unrestricted
funds|||||||
|General
fund||||91,657|3,042|94,699|
|TOTAL FUNDS||||91,657|3,042|94,699|
|Nst movement
in funds,||included|in the above are ss follows:||||
|||||Incoming|Resources|Movement|
|||||resources|expended|in funds|
|||||6|6|2|
|Unrestricted
funds|||||||
|General
fund||||91,448|(88,406)|3,042|
|TOTAL FUNDS||||91,448|(88,406)|3,042|
##
##
|Compar|atives|for moveme|nt
in funds||||
|---|---|---|---|---|---|---|
||||||Net||
||||||movement|At|
|||||At 1.1.20|in funds|31.12.20|
|||||6|2||
|Unrestricted||funds|||||
|General|fund|||91,189|468|91,657|
|TOTAL|FUNDS|||91,189|468|91,657|
|Comparative||net movement|in funds, included|in the above are as follows:|||
|||||Incoming|Resources|Movement|
|||||resources|expended|in funds|
|||||6|8|9|
|Unrestricted||funds|||||
|General|fund|||93,362|(92,894)|468|
|TOTAL|FUNDS|||93,362|(92,894)|468|
|A curren|t yea|r 12months
and prior year 12|months
combined
position
is as follows|:||
|---|---|---|---|---|---|
|||||Net||
|||||movement|At|
||||At 1.1.20|in funds|31.12.21|
||||2|9|6|
|Unrestricted||funds||||
|General|fund||91,189|3,510|94,699|
|TOTAL|FUNDS||91,189|3,510|94,699|
||||Incoming|Resources|Movement|
|---|---|---|---|---|---|
||||resources|expended|in funds|
||||9|9|9|
|Unrestricted||funds||||
|General|fund||184,810|(181,300)|3,510|
|TOTAL|FUNDS||184,810|(181,300)|~3510|
##
##
|Detailed Statement|of Financial Activities|||
|---|---|---|---|
|for the Year Ended|3$ecembeE021|||
|||31.12.21|31.12.20|
|||E|2|
|INCOME AND ENDOWMENTS||||
|Donations
and legacies||||
|Donations||5,508|7,158|
|Grants||52,150|74,476|
|||57,658|81,634|
|Charitable
activities||||
|School fees||33,790|11,728|
|Total incoming
resources||91,448|93,362|
|EXPENDITURE||||
|Charitable
activities||||
|Trustees' salaries||4,778|4,367|
|Wages||64,468|65,264|
|Temporary
Staff|||450|
|Insurance|||888|
|Telephone||247|422|
|Printing, Post and stationery||1,032|908|
|Advertising||816|825|
|Sundries||329|111|
|Information
and publication||2,716|4,635|
|Students
&tutors welfare||2,353|1,268|
|Software||2,831|398|
|Educational
supplies||2,256|4,239|
|Seminar||1,339|285|
|Entertainment
&gifts||1,914|1,814|
|Plant and machinery||460|612|
|Fixtures and tittings||1,007|1,259|
|Bank charges||60|149|
|Bad debts|||(2,000)|
|Donation to institutions|||~1200|
|||86,606|87,094|
|Supportcosts||||
|Governance costs||||
|Accountancy
and legal fees
Settlement
payments
to staff||1,800|1,800
4,000|
|||1,800|~5800|
|Total resources expended||88,406|92,894|
|Net income||3,042|468|